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Description
Presentation slides: https://docs.google.com/presentation/d/1yW4nS9ZuIGJDuABH_kGB5mFSRm4Jqcx-w6dFx0Ga_1s/edit#slide=id.gb756fa1b15_0_5724
A
Hello,
I'm
okay,
just
we
just
got
you
in
the
put
you
back
in
the
waiting
room,
hi
everybody
nice
to
see
nice
to
see
you
all
back
to
my
favorite
part
of
the
week.
I
have
five
lots
as
usual.
We
have
a
lot
to
share
a
lot
of
information
and
new
information
really
interesting
stuff,
and
we
have
also
to
to
guests
it's
a
very
special
guest
who's
and
let's
get
started.
A
Okay,
so
now
we're
in
the
this
is
the
town
hall
number
three
of
and
three
see
some
lots
of
last
minute
proposals
coming
in
in
the
last
24
hours,
it's
very
exciting.
A
First
of
all,
you
know,
if
even
I
jump
into
the
into
the
deep
you
know
I
just
want
to
give
you
kind
of
a
quick,
quick
overview
of
the
most
essential
stuff.
Okay
or
some
action
points,
so
proposed
submission
ends
in
an
hour
for
the
actually.
For
actually
sorry,
this
is
not
true.
A
Forget
update
we're,
not
gonna
extend
by
one
week
the
dev
ecosystem,
we're
gonna,
we're
gonna
conclude
it
in
one
hour,
because
we
just
got
a
lot
of
a
lot
of
submissions,
so
we
feel
it's.
We
feel
we
have
enough
proposals
but
yeah.
If
anyone
who,
if
anyone
of
you
is
still
like
having
some
thoughts
about,
maybe
maybe
submitting,
then
you
have
just
know
that
you
have
around
around
an
hour
to
finish
your
submission
this.
This
call
is
recorded.
A
You
can
you
can
log
out
and
go
ahead
and
submit
because
that's
your
window
of
opportunity,
but
yeah,
but
but
it's
not
going
to
be
extended
by
one
week.
Sorry
about
that.
We
changed
their
mind
earlier
today.
A
A
And
yeah-
and
I
think
the
date
here
is
not
true:
it's
not
going
to
end
on
the
the
20th
of
january,
because
this
is
today
it's
going
to
end
on
one
week
from
now.
Sorry
about
that.
Lastly,
we're
just
launching
the
refinement
stage.
A
This
is
the
stage
where
you
have
proposer
approved
the
impact
feasibility
on
and
auditability
of
their
proposal
by
giving
them
feedback.
Here
we
go
another
quick
update,
so
both
voter
and
and
community
advisor
rewards
are
scheduled
to
be
sent
today
for
voters.
A
You
can
see
if
you
receive
your
voter
rewards,
you
will
not
see
it
on
the
app
itself,
but
you
will
see
it
on
the
you
know,
you
will
see
you'll
get
a
payment
in
in
your
wallet
and
what
you
use
to
register
and
we
have
a
small
amount
of
people.
I
think
I
think
from
like
the
1800
wallet
like
like
around
1800.
We
had
126
of
them,
don't
have
their
staking
key
registered
and
without
registering
the
staking
key.
A
We
we
cannot
send
you
the
funds,
so
so
there's
two
ways
to
there's
two
ways
to
stack.
Your
key
one
option
is
that
if
you
use
deadlifts
catalyst
to
register
to
vote
and
instead
of
a
you
know
recovering
your
wallet,
you
created
a
whole
new
wallet.
A
A
The
second
case
is
maybe,
if
you
use
the
cli
tool
to
register
so
there's
here's
a
link
for
a
guide,
how
to
register
your
staking
key
okay.
So
so
we're
gonna
hold
on
to
this
we're
gonna.
A
And
you
know:
save
save
these
missing
missing
voter
rewards
for
you
to
to
register
your
stick
and
we'll
communicate
later.
But
these
are
immediate
things
you
can.
You
can
do
for
the
minority
who
who
don't
have
their
staking
key
registered
and
regarding
community
advisors
we
have
the
payment
advert
at
addresses
for
the
majority
of
community
advisors.
A
A
All
right
now
that
this
quick
updates,
let's
jump
in
so
welcome
into
the
experiment,
things
can
break
like
documentation,
differ
greatly
between
iterations
disorient
overload
and
inspire
and
we're
here
to
provide
a
safe
and
lively
environment
for
you
to
explore
the
highest
potential
of
human
collaboration,
and
today
we're
going
to
talk
about
emancipation,
one
of
the
two
key
goals
of
catalyst
this
year.
So
you
know
removing
us
from
the
freeing
us
from
the
shackles
is
the
image
I
picked.
A
B
Hey
everyone
yeah.
I
suppose
that
you
can
all
hear
me,
so
I'm
the
product
manager
for
most
of
the
things
that
have
anything
to
do
with
the
development
tools,
smart
contracts-
and
I
wanted
to
just
give
you
a
general
insight
on
where
the
state
of
the
development
ecosystem
is
so
that
you
can
basically
take
that
advice
and
think
about
what
are
the
tools
I'm
going
to
use
to
build
the
next
thing
that
they
want
to
have
on
the
cardano
ecosystem.
B
B
B
Language,
you
can
use
that
smart
contract
to
basically,
basically,
you
can
use
the
glow
compiler
to
actually
compile
that
language
to
apply
to
smart
contracts,
allowing
you
to
basically
have
a
contract
that
is
working
on
the
main
chain
where
cortana
sits
now
awesome.
B
There
are
many
other
things
that
you
can
currently
do
as
well.
I
would
suggest
that
everyone
tries
to
work
with
native
tokens.
Native
tokens
are
very,
very
powerful,
and
if
you
look
at
the
things
that
you
were
able
to
do
back
in
2015
on
ethereum,
those
were
mainly
focused
around
tokens,
even
if
you
had
like
smart
contracts
and
solidity-
and
I
think
most
of
your
use-
cases
are
gonna,
be
centered
around
tokens
and
you
might
need
some
logic,
but
that
logic
potentially
will
be
introduced
very
soon
in
the
monetary
policies.
B
So
I
would
say,
try
to
play
around
with
native
tokens.
Those
are
currently
online
on
the
pre-production
environment
and
please
ask
us
how
to
do
some
specific
things
that
you
need
to
do.
Of
course,
marlo
playground
is
currently
available.
You
can
play
around
with
that.
You
can
see
how
how
it's
going
to
look
when
the
mentioned
is
going
to
go
online.
B
Also,
things
that
are
coming
very
soon
is
the
metadata
registry,
which
is
basically
going
to
allow
you
to
give
a
name
to
your
token
and
you're
gonna.
Do
that
by
using
the
metadata
submitter,
which
is
basically
a
cli
tool
that
allows
you
to
basically
sent
the
proposed
name.
For
that
token,
that
is
gonna
be
approved
either
by
the
cf
or
by
ihk,
based
on
who's,
costing
that
metadata
registry
server
as
well
very
very
soon.
B
The
bluetooth
playground
is
going
to
go
out
the
pluto's
playground
to
change
the
general
ui.
It
looks
very
similar
to
the
marvel
playground
now
and
we
are
putting
a
lot
of
effort
into
actually
making
the
bluetooth
playground
as
the
first
step
towards
bluetooth
development,
where
you
will
be
able,
at
some
point
to
have
your
smart
contracts
and
at
some
point
also
we
are
thinking
about.
B
How
do
we
take
those
smart
contracts
that
you
have
on
the
pluto's
playground
and
how
do
we
allow
you
to
actually
take
that
logic
and
just
put
it
unchanged
without
actually
having
to
use
cli
tools
and
those
other
stuff?
You
want
to
make
sure
that,
once
you
have
some
smart
contracts
on
the
playground,
you
can
move
without
friction
to
to
the
chain.
B
Now
the
nice
thing
about
the
playground
right
now
is
that
you
have
examples
of
smart
contracts
that
are
going
to
be
usable
on
the
main
chain,
but
you
can
see
them
on
the
bluetooth.
B
B
Also,
very
soon,
at
the
marvel
prototype
pro
users
will
be
allowing
you
to
have
smart
contracts
that
that
you
can
interact
with
mainly
focus
on
financial
products
and,
to
some
degree
it's
similar
to
what
bluetooth
playground
also
allows
you
to
do.
When
you
have
that
contract
that
you
have
written
in
haskell
and
simulated,
you
can
see
the
actors
that
will
be
participating
in
that
contract
and
you
can
simulate
those
transactions
and
see
those
transactions,
as
they
happen.
B
Of
the
stuff
that
that
we
are
going
to
be
releasing
is,
of
course,
the
yellow.net
that
will
give
you
a
variety
of
languages
that
you
can
use.
Of
course,
bluetooth.
B
Now,
a
very
important
thing
that
I
wanted
to
mention
on
this
goal
is:
we
are
currently
in
a
stage
where
it's
very
important
that
you
try
to
focus
on
on
some
commons
problems
that
are
basically
that
are
present
in
the
ecosystem,
rather
than
focusing
just
on
use
cases.
This
is
the
period
when
we
together
building
the
infrastructure
that
is
going
to
power,
those
use
cases
and,
of
course
I
I
do
believe
that
it's
very
important
to
also
think
about
the
use
cases.
B
But
at
the
same
time,
I
believe
that
there
is
a
very
big
opportunity
for
small
companies
to
focus
on
building
tools
that
will
be
used
by
other
people
in
the
community
at
this
point
in
time,
but.
B
Sorry,
my
connections
went
out
by
building
such
tools.
You
can
get
to
traction
relatively
fast
and
you
can
also
you
can
also.
We
can
also
help
you
out
with
the
with
the
gain
to
that
traction
fast.
So
I
think
my
connection
is
weak.
Can
you
still
hear
me.
A
I
think
if
someone
from
the
audience
have
wants
to
ask
question
or
or
something
was
not
clear,
you
can
you
can
post
it
on
the
chat
and
and
we
can,
we
can
address
it,
but
I.
B
A
B
Yeah,
is
it
alright
right
now
yeah?
Yes,
so,
as
I
said,
I
believe
that
there
is
a
big
opportunity
for
people
to
actually
focus
on
the
tools
that
will
be
necessary
for
the
ecosystem
to
work
by
building
such
those.
The
traction
that
those
companies
can
have
is
considerable
and
we
are
going
to
put
all
the
effort
that
we
can
into
actually
helping
you
to
get
to
that
initial
traction
yeah,
and
I
would
like
to
wrap
up
with
that.
Thanks.
A
Awesome,
thank
you
so
much
for.
Thank
you
so
much
for
coming
this
is
this.
Is
you
know
the
start
of
a
much
tighter
integration
between
between
catalyst
and
and
the
all
the
internal
teams
in
iotk
that
that
are
that
are
releasing
gogan?
A
You
know
part
by
parts
and
keeping
you
all
informed
about.
What's
what's
ready?
A
What's
about
to
come,
you
know
just
to
make
you
as
proposers
and
proposers
and
voters
like
informed
as
you're,
making
these
decisions
about
what
the
funds
and
what's
the
good
timing
and
and
sharing
a
bit
our
perspective
of
what's
important,
that
needed
and-
and
you
know-
and
I
really
appreciate
you
coming
here
and
and
in
life,
which
is
not
easy
and
sharing
with
us
about
that-
and
this
is
just
the
beginning,
like
I
think
we're
going
to
have
lots
and
lots
of
opportunities
with
this
town
hall
to
give
you
the
proposers
like
relevant
information.
A
A
As
I
said
before,
so
moving
on
to
the
next
subject,
we're
going
to
talk
about,
I
want
to
talk
about
today
about
adoption,
sorry
about
emancipation.
A
I
talked
about
adoption
a
bit
in
the
first
town
hall
and
I
promise
to
talk
about
emancipation
a
bit
more.
So
here's!
So
it's
a
really
quick
overview,
you're
going
to
have
lots
of
questions
and
I
might
not
be
able
to
answer
all
of
them,
but
I
do
want
you
to
kind
of
see
the
big
picture
of
what's
going
to
happen
this
year,
and
so
you
can
kind
of
kind
of
make
sense
of
the
smaller
steps
we're
doing
like
every
week
every
week,
every
fund
in
the
release.
A
So
what
do
I
mean
by
emancipation?
So
you
know
the
dictionary.
The
dictionary
definition
is
the
process
of
being
set
free
from
legal,
social
or
political
restrictions,
liberation
and
another
good
way
to
to
to
talk
about.
It
is
self-determination,
okay,
so
the
community
reaching
to
a
point
where
you're
you,
you
decide.
A
Okay,
you
determine
the
direction
of
of
cardano.
A
So
what
do
I
mean
by
things
that
are
going
to
be
determined
by
the
community,
and
so
it
starts
with
a
big
question
of
like
how
do
we
govern
ourselves?
Okay?
So
what
what
even
the
the
basic
rules
of
how
decisions
get
get
get
made,
then
there's
a
question
of
like
how
does
our
economy
run
then?
The
third
one
is
what
what
are
our
goals?
A
What's
the
what's
the
goals
and
the
mission
of
cardano,
and
and
and
what's
our
priorities,
how
do
we,
how
how
we
define
where,
where
where
we
start
and
what's
for
later,
so
for
each
one
of
these,
we
are,
we
are
prototyping
different
ways
for
you
to
to
get
started.
Doing
all
of
this.
A
So
we're
going
to
write
a
draft
about
catalyst,
okay,
so
specifying
like
the
process,
all
the
mechanisms
that
govern
it,
all
the
all
the
incentives
and
everything
around
managing
the
treasury,
we're
gonna,
formulate
it
as
a
document
and
and
we're
gonna
have
a
conversation
with
you
all
about
it
and
if
it,
if
it
sounds
like
a
good
idea
and
gathering
everybody's
feedback
and
trying
to
get
the
best
cap
out
there
and
then
we're
going
to
take
the
community
a
vote
to
to
to
to
agree
whether
we
consent
to
being
governed
in
this
way
or
not.
A
So
this
is
like
a
huge
huge
moment
of
of
like
right,
like
of
transfer
of
power,
and
it's
gonna
be
gonna,
be
very
important
moment.
It's
gonna
be
a
delicate
moment,
but
I'm
really
looking
forward
to
it.
A
A
A
And
lastly,
we
have
the
dcf
vote,
which
I
don't
have
that
much
information
to
share
with
you,
but
but
more
and
more
information
will
will
will
come
out
soon
and-
and
I
can
share
more,
but
one
thing-
that's
that's
for
sure
is
going
to
be
a
big
big
vote,
a
big
voting
event,
a
consent
event
for
this,
for
this
proposal
and
more
information
to
come
okay,
but
you
can
already
already
see
that
these
three
three
monumental
decisions
are
like
on
the
table
in
2021.
A
Then
the
second
thing
is:
how
does
our
economy
run?
Okay,
so
we
so
the
catalyst
process
like
fund
by
fund
and
you
know,
is
moving
towards.
You
know
that
this
process
is
governed
the
full
treasury,
okay.
So
that
means
that
the
community
itself
determines.
A
How
are
we
using
funds
and
not
only
that,
but
even
before
the
like,
let's
say
the
big
vote
of
the
parameter
update
cfp,
we're
going
to
run
some
experimental
parameter,
update
voting,
okay,
the
so
just
to
to
to
test
to
stress
the
system
and
to
give
you
an
idea
how
it
how
it
functions,
how
it
behaves
for
all
of
us
to
experiment
and
iterate.
You
know
before
like
making
some
kind
of
like
an
abstract
vote
so
and
that's
actually
that's
actually
gonna-
be
something
that
will
come
up
in
the
next
few
funds.
A
Okay,
some
some
of
those
we're
gonna,
actually
vote
on
a
few
on
a
few
specific
things.
We
haven't
determined
exactly
what
they're
gonna
be,
but
but
we'll
choose
some
some
fun
fun.
Collective
decisions
for
us
to
to
experiment
with
and
learn
from.
A
Then
there's
a
question
of
like
what
are
cardano's
goals?
Okay,
so
this
is,
we
already
launched
it
with
the
community
choice
challenge,
okay,
so
the
community,
the
community
choice
challenge,
allows
the
community
to
decide
what
problems
are
we
solving?
What
are
the
big
questions
we're
trying
to
answer
so
it's
very
similar
to
setting
goals,
so
so
this
is
already
we're
already
piloting
it
here
in
funds3.
A
And
then
the
last
question
of
what
are
the
priorities
of
cardano
and
proposal
voting
is
a
very
powerful
way
to
define
priorities
right
what
what
gets
funded,
how
much
funding
when
does
it
get
funded?
So
all
of
these
are
you
know
getting
now
determined
from
you
on
in
a
small
scale,
but
but
the
scale
is
growing
growing,
pretty
fast.
A
So
you
know
beside
this
beside
this.
You
know
these
big
questions
that
that
you're
going
to
have
the
power
to
decide.
I
think
I
think
we
need
to
talk
a
bit
about
the
nature
of
power,
and
you
know-
and
I
think
I
think
that
the
major
thing
is
is
is
power
and
influence
is
something
that's.
A
You
know
that
that's
earned
and
need
to
be
sustained.
It's
not
it's
not
like
a
monarchy
that
you're
like
a
king
and
you
get
to
be
a
king
and
for
your
whole
life,
you're
gonna
be
a
king
right,
it's
it's
like
in
the
world
we
live
in.
We
we
keep
needing
to
to
prove
our
worth
right
like
like
nobody's.
Nobody
is
keeping
power
just
because
of
momentum.
A
It's
like
we
do
it,
because
it's
effective
because
it
gets
it
gets
results
in
outcomes
and
when,
when
results
and
outcomes
break
down,
you
know
like
power
shifts.
This
is
this
is
just
the
reality
of
it.
A
So
how
are
we
how
effective
we
are
in
terms
of
the
innovation,
the
governance,
the
execution
of
of
proposals
and
and
these
this
process
achieving
outcomes,
desirable
outcomes
fulfilling
our
the
intentions
we
set
solving
the
problems
we
set
to
solve
in
in
the
in
the
challenges.
A
Okay
and
part
of
it
is
we're
going
to
provide
you
transparent
reporting
to
the
community
of
how
we're
doing
with
with
ev
all
the
audio
type,
all
the
different
types
of
metrics
related
to
return
on
intention
and
basically
be
able
to
pivot
pivot
as
we
go
and
and
improve
our
effectiveness
and
learn
where,
where
things
can
be,
can
be
improved
in
which
parts
of
this
process
a
second
piece,
is
participation
and
engagement.
A
So
we
set
a
very
high
goal:
50
50
voting
participation
around
the
same
or
or
a
bit
more
than
than,
for
example,
in
the
u.s
elections
as
a
measure
of
of
the
legitimacy
of
what
we're
doing
like.
If,
if
just
a
small
minorities
on
a
small
minority
is
engaged
and
decides,
then
then
the
power
we
have
loses
legitimacy.
People
can
very
easily
claim
that
we're
not
really
representing
the
the
will
of
the
network,
but
just
the
minority
group
then
the
third
one
is.
We
actually
need
real.
A
You
know
real
real
people,
a
real
community,
a
layer
of
of
engaged
leadership,
engaged
experts,
and,
I
would
say
also
like
engage
proposers
but
but
and
we're
gonna
do
that
and
and
we're
building
it
we're
bringing
it
together
with
you
through.
First
of
all,
the
further
incentives
we're
starting
to
put
value.
A
A
group
of
representatives
from
the
community
work
work
together
with
you
know,
representatives
from
from
from
the
cf
I
o
to
to
really
to
really
take
a
deeper
look
at
those
at
this
of
this
first
of
all,
on
the
catalyst,
cip
and
and
the
software
update
cap,
and
have
really
close
discussions
and
interactions.
So
we're
going
to
talk
a
lot
about
it
in
the
coming
funds,
but
just
know
this
is
coming
and
you
know
might
you
might
even
want
to
check
in
with
yourself?
A
If
you
know,
if
you
think
you're,
you
want
to
be
part
of
that
like
if
you
find
it,
you
think
you
are
representing
groups
within
within
the
cardano
community
that
that
deserves
to
be
represented
in
this.
In
this
circle,
then
we
have
decentralization
so
we've
already
started
technical
efforts
to
to
decentralize
the
arm
and
gander.
Okay,
we
and
the
highlight
of
the
itn.
We
actually
had
achieved
that
state,
but
and
now
we're
going
to
restore
it
for
for
voting.
A
So
so
the
voting
system
is
actually
decentralized
and
run
by
run
by
the
community
itself.
A
A
Are
gonna,
be
decentralized
and
actually
gonna
be
done
by
you
know
hundreds,
maybe
even
thousands
of
community
members,
then
a
third
thing
is
we're
going
to
gradually
decentralize
the
components
of
catalyst.
Okay.
So
let's
take
that,
let's
take
an
example
for
for
like
like
a
quick
example
of
that
would
be
the
the
discord
okay.
A
So,
for
example,
the
discord
our
discord,
the
discord
server
is
run
by
the
community
and
no,
no
one
in
in
the
catalyst
team
has
any
influence
or
leverage
on
that
you
know,
and
and
and
the
more
we
advance
there's
gonna
be
more
and
more
components
of
catalyst
that
are
gonna,
be
like
handed
over
to
the
handed
over
to
the
community
or
or
from
a
technical
point
of
view,
they're
going
to
be
decentralized.
A
So,
of
course,
this
is
a
very
it's
like
a
delicate
process
and,
and
we
kind
of
need
to
pick
which
points
of
centralization
are
worthy
of
our
time
and
effort
to
decentralize
first,
so
of
course,
for
us
like
first
the
decentralization
of
of
the
voting
and
the
and
the
voting
community
committees
is
a
priority,
but
there's
many
many
many
other
components
that
that
can
be
decentralized.
A
Then
we
have
the
the
concept
of
autonomy:
okay,
so
so
kind
of
like
being
quite
kind
of
like
being
unstoppable
in
a
way
so
we're
now
integrating
private
voting.
A
So
you
know
people
can
vote
with
their
conscience
without
any
fear
of
you
know
and
and
any
sort
of
of
of
foul
play
like
in
any.
In
any
democrat,
like
you
know,
real
democratic
establishment.
A
And,
as
I
said,
they're
going
to
be
parts
of
catalyst
that
are
going
to
be
handed
over
to
the
community
over
time
and,
lastly,
you
know
the
funding
mechanism
itself
like
how
how
funding
flows
from,
for
example,
of
treasury,
to
proposals,
voters
etc
will
be
done
through
smart,
smart
contracts.
A
And
lastly,
you
know
you
know
an
emancipator,
they
call
it
like
an
emancipated
state
of
mind.
Okay,
it's
like
a
kind
of
a
collective
realization
of
the
powers.
We
have
an
awareness
of
like
what
we
can
do
that
we're
actually
free.
You
know
that
we're
actually
empowered
and-
and
I
feel,
also
a
sense
of
a
sense
of
connection
and
belonging
between
us.
So
so
it's
a
lot
about
so
we're
going
to
transition
from
this.
A
Like
one
directional
broadcasts
that
you
you
know
into
into
a
zoom
call
zoom
calls
where
we
can
see
each
other's
faces
and
we're
gonna
transition
to
more
interactive
town
halls.
Less
of
me,
lecturing
and
and
or
bringing
some
guests
once
in
a
while
and
much
more.
A
Breaking
breaking
breaking
out
into
into
smaller
groups
that
can
interact
with
each
other
and
get
stuff
get
stuff
done
during
the
town
halls,
but
in
a
much
more
collaborative
way,
and
then
then
it's
done
now
and
and
at
the
end
I've
added
some
question
marks
because
I
think
there's
so
many
other
things
that
that
are
going
to
happen,
that
we
don't
even
know
what
they
are
or
or
things
that
will
come
from
from
the
community.
That
would
influence
the
state
of
mind,
and
so
I
just
wanted
to
leave
that
this
bullet
point
open.
A
So
you
know,
I
think
that
was
a
big
download.
We
can
talk
about
it
in
in
the
kind
of
like
this,
this,
the
iterative
gradual
way
that
we're
gonna
transition
through
these
various
parts,
so
we're
gonna
start
in
the
the
next
few
months.
You
know
we're
gonna
start
with
some
experimentation,
so
light
decisions,
gonna
launch
the
catalyst
circle,
we're
going
to
submit
drafts
and
have
discussions
and
we're
going
to
measure
participation
rates,
engagement
rates,
all
just
getting
all
getting
this
entire
new.
You
know
this
new
level
of
decision
making.
A
So
so
in
a
way,
that's
that's
workable
and
then
once
it's
workable,
then
there
will
be
the
the
two
cip,
the
two
sap
proposals
for
the
treasury
and
software
updates.
That
will
be
up
for
the
votes
and
the
dc
efforts
will
be
up
for
the
vote
and-
and
I
think
that
would
start
them
a
really
an
exciting
new
era
and
and
part
of
this
era
is
going
to
be
that
we're
going
to
publish
a
roadmap
of
how
we're
getting
to
towards
full
decentralization
and
autonomy.
A
Now
that
they
have
now
that
there's
you
know
a
wide
consent
on
the
community
of
of
what
are
the
you
know,
those
those
gov,
those
essential
governance
building
blocks?
A
A
One
thing
I
did
want
to
warn
us
to
the
community
about
which
is
about
the
the
distraction?
Okay,
so
I
you
know
this
is
not
the
first
decentralized
organization
that
I
worked
with.
A
Often
time
doesn't
lead
into
any
concrete
outcomes
and
at
some
point
it
kind
of
accept
the
energy
from
the
community.
So
I
don't
think
this
is
what's
going
to
happen
with
with
with
with
the
cardano
community,
because
I
I
know
you
pretty
well,
but
but
I
think
that
it's
worthwhile
to
to
notice
that
okay
so
notice
that,
like
as
we're
trying
to
get
it
right,
okay,
so
getting
the
governance
right
and
perfect
that
we
don't
lose
our
legitimacy.
A
Okay
and
we
don't
lose
the
power
we're
earning
and
we're
earning
the
power
by
by
because
of
the
roi.
You
know
because
we're
bringing
so
much
value
because
we
we
managed
to
do
stuff,
because
I
believe
we
can
do
stuff
better
than
than
let's
say
like
default
organizations.
And
we
just
started
to
to
scrape
the
potential.
A
So
that's
that's
about
it.
I'm
sure
you
have
lots
of
loads
and
loads
of
questions
and
and
I'll
hang
out
in
the
end
to
answer
some
of
them,
the
so,
let's
review
the
the
week
that
it
was
okay.
So
so,
let's
compare
even
fund
two
where
we
were
in
fund
two
compared
to
fund
three,
so
we
had
127
proposals
in
fund
two.
A
Now
we
are
up
to
168,
probably
even
a
few
more
since
I
last
checked,
the
amount
of
comments
made
on
those
proposals
is,
is
actually
relatively
the
same
and
we,
basically
almost,
I
think,
yeah
we
doubled
doubled
in
numbers
members
in
id
scale.
A
More
than
doubled
in
in
people
subscribes
to
their
announcement
channels,
almost
4x,
how
much
members
we
have
in
the
category
snapchat
and
I
think
more
than
doubled
the
amount
of
members
in
discord.
A
So
very
nice,
very
nice
growth
and
and
for
those
of
you
who
are
who
are
new,
I
would,
I
would
recommend
a
subscribing
to
the
catalyst
to
announce
announcement
telegram
to
get
to
get
kind
of
short,
directed
notices
about
key
events
in
the
indicators
process.
A
So
now
I
want
to
remind
you
that
the
powerful
of
this
in
new
york
is
in
your
hands.
Okay,
so
your
behavior
sets
the
norms,
all
the
comments
and
reviews
and
and
the
way
you
you
interact
with
proposals-
will
very
much
determine
how
the
proposals
will
evolve
over
time
and
with
your
vote,
you
decide
how
well
we're
going
to
follow
the
challenge,
and
it's
your
support
to
members
of
our
cohort.
A
That
is,
people
who
got
funded
from
catalyst
that
would
impact
the
the
roi
okay,
so
so
the
the
journey
for
roi
just
started
now
that
we
have
funded
court
members
starting
to
work
and
build
build
things.
So,
let's
help
that
support
them,
and
in
this
case
I
want
to.
A
We
had
the
first
cohort
meeting
on
friday,
so
we
had
basically
12
12,
proposing
teams
meeting
for
the
first
time
and
one
of
the
things
I've
highlighted
with
them
is
that
we're
trying
to
change
a
very
old,
very
ancient
collaboration,
dynamic
that
exists
in
in
in
top-down
organizations?
Okay,
basically,
you
know
since,
since
all
since
almost
since
birth,
you
know
we
lived
in
very
hierarchical
organizations.
You
know
we
were.
A
You
know
later,
some
other
people
maybe
joined
a
like
an
army
or
the
university
or
a
workplace
where
you
know
you
had
in
hierarchy
of
who's,
telling
you
what
to
do
and
and
where
their
goal
was
to
please
your
boss,
okay,
so
so
the
way
to
go
to
to
to
the
way
to
advance
in
these
hierarchical
organizations
and
and
the
way
we
were
kind
of
like
taught
how
things
supposed
to
be.
Is
that
you're
supposed
to
please
your
boss
to
to
get
forward
and
in
that
in
that
kind
of
construct?
A
When
you
want
to
ask
help
from
someone
that
is
not
like?
Let's
say
your
direct
report
or
in
your
in
your
small
team
asking
for
help
is
very
awkward
inefficient
and
has
uncertain
results,
because
everybody's
aligned
to
trying
to
kind
of
like
please
their
boss
and
it
kind
of
makes
it
incentivize.
It
makes
sense
to
to
just
help
someone,
even
if
it's
for
the
better
of
the
whole
and
so
helping
outside
outside
the
team,
isn't
measured
and
recognized.
A
That
contribution
is
measured
and
recognized.
So
we're
trying
to
to
do
it
for
the
cohort,
both
internally
so
members
of
of
the
funded
proposals
working
together
to
increase
the
overall
roi
from
from
the
cohort.
A
A
So
part
of
it
is
that
we're
gonna
start
to
track
what
the
court
is
doing,
and
so
every
two
weeks
we're
gonna
track.
How
how
our
proposing
teams
you
know
advancing
on
the
on
the
metrics
of
of
the
challenge
for
which
they
were
selected
and
also
we're
going
to
start
to
measure
how
our
core
team
helped
core
teams
helping
each
other.
A
A
So
now
we're
in
at
the
refinement
stage,
and
so
you
know,
proposal
proposal.
Definitely
mission
is
closing
soon
and
now
is
now
is
a
week.
That
is
all
about
evolving
proposals.
Okay,
so
so
for
so
it
goes
both
ways
for
for
for
community
members
that
are
not
proposers,
it's
all
about
giving
you're,
giving
your
feedback
and
helping
push
proposals
to
meet
even
better
the
the
challenge
statement
and
for
proposers
it's
really
a
lot
about
listening
hearing
people
out
learning
how
to
adjust
and
adapt
your
proposal
in
light
of
the
feedback
you're
receiving.
A
So
how
does
one
refine
proposals
so
a
few
ways
you
can
join
a
team,
so
you
could,
for
example,
you
can
propose
to
it
for
a
team
to
join
as
an
implementer
or
even
a
co-proposer
if
you
think
that
would
increase
the
value
that
this
proposal
can
provide,
and
if
you
see
a
proposal
you
you
like,
you
see
it
as
high
quality,
know,
go
and
share
comments,
your
feedback
in
the
comment
page
and
id
scale.
A
If
you
see
you
know
a
low
quality
proposal
like
someone
you
know,
maybe
someone
didn't
seem
like
you
made
a
lot
of
effort
or
it's
not
interesting,
it's
not
relevant,
so
you
know
it
might
be
better
to
just
ignore
it
and
focus
your
energy
on
on
pushing
up
the
top.
Like
you
know
your
what
the
proposal
you
like
best.
So
this
is
just
advice
and
lastly,
yeah
give
constructive
actionable
feedback.
A
So
what
kind
of
information
is
to
be
added
to
the
proposal
to
be
accurately
reviewed
impact?
Oh
and
I'm
sorry
this
is
like.
Instead,
I
forgot
to
update,
in
fact,
so
how
can
this
proposal
better
address
the
challenge?
And,
let's
you
know
this
is
specifically
what's
for
fun
too,
but
now
we
have
three
challenges
so
so
you
know
keep
that.
Keep
that
impact
related
to
the
to
the
chat
to
the
challenge.
That
proposal
is
submitted
on
and
the
third
is
feasibility.
A
A
And
I
also
want
to
advise
you
about
how
to
spend
well
your
time.
So
you
know
a
productive
way.
Use
of
time
is
when
you
you
help.
The
proposal
improve
destructive
is
when
you
just
give
unconstructive
feedback
and
negativity
and
and
chase,
potentially
really
good
people
that
can
really
evolve
their
proposals
to
be
great,
but
but
but
they
get
chased
away
by
negativity
and
they
just
stop
to
stop
coming
to
the
community,
and
you
can
work
with
as
a
proposer.
A
Productive
thing
is
well
like
join
teams,
merge
proposals
together,
even
even
if
you,
if
at
some
point
you
think,
like
okay,
I'm
not
gonna
pursue
this.
I'm
not
serious,
then
remove
your
proposal.
A
Destructive
thing
is
like
to
create
joke
proposals
just
for
for
the
kick
of
it.
A
productive
thing
would
be
to
you
know
when
you
have
a
complex
idea
and
you
can
write
a
thought
for
instructure
blog
post
about
where
you
want
things
to
go
destructive
things
is,
could
be
a
bit
like
arguing,
arguing
over
chat
that
so
it
might
not
be.
You
know.
A
Another
thing
that's
going
to
hap
that's
happening
here
in
the
refinement
challenge.
Is
you
can
look
at
in
each
challenge?
There's
a
set
of
tags
and
there's
even
a
handy
button
in
id
scale
where
you
can
sort
proposals
by
tags,
and
you
can
see
a
list
of
you
know,
proposals
that
they
are
seeking
more
collaborators.
A
So
this
is
from
the
dap
challenge,
so
we
already
have
26
proposals
there
that
are
in
need
of
a
blockchain
dev
to
to
to
join
the
team
or
assist
in
some
aspect,
for
example,
and
and
many
other
different
types
of
categories
of
things
they
need.
So
if,
if
you're
one
of
those
professionals-
and
you
want
you
want
to
help
you-
can
you
can
simply
click
on
the
on
that
tag
and
see
all
the
proposals
that
need
your
help
and
make
it
easier
for
you
to
to
find
where
you
can
provide
the
most
value.
A
A
So
what's
this
process
of
community
choice
so
so
in
fund
three,
so
this
current
fund
we're
making
submissions
to
the
challenge
of
community
choice.
Okay,
so
so
it's
like
we're
defining
we're,
proposing
new
challenges,
new
intentions
for
the
community,
and
so
people
are
submitting
like.
I
want
a
challenge
that
deals
with
poverty.
I
want
a
challenge
that
is
completely
open-ended.
I
want
a
challenge
that
is
specifically
deals
with
japanese
community,
okay
like
like,
so
these
are
not
specific
proposals.
These
are
these
are
challenges,
and
each
challenge
has
its
own
specific
budget.
A
A
So
so
that's
like
the
the
maximal
amount
that
was
allocated,
which
was
like
half
a
million
dollars
for
all
the
community
chess
challenges,
so
starting
five
fun
five
fund
five
there
will
be
in
addition
to
like
the
dev
ecosystem
challenge
and
the
depth
creation
challenge.
There
would
be
these
two
new
community
challenges
that
will
also
be
launched
and
with
an
actual
call
for
people
to
make
proposals
for
them.
Okay,
so
I
hope
that
helps
clarify
it
a
bit.
A
I
think
another
question
that
a
lot
of
people
were
asking
was
about
whether
the
like:
how
would
how
would
how
are
we
defining
the
amounts
and
that
that
are
going
to
be
shared
like
like
that?
That
would
sorry
for
that
we
defined
for
the
challenge,
and
I
would
say
this
is
more
a
bit
of
maybe
it's
worthwhile
to
take
a
look
at
the
bigger
picture
right.
You
can.
You
can
post
like
one
giant
challenge
or
we
can
have
like
lots
of
small
community
challenges
and
basically
the
trade-off
is,
of
course
the
larger.
A
On
the
other
hand,
the
larger
challenge
is,
it
means
that
there
will
be
less
challenges
to
experiment
with
so
one
one
of
the
things
that
are
going
to
be
interesting
is
actually
to
track
the
roi
of
each
one
of
these
challenges
and
see
which
ones
are
doing
really
well
and
if
they're
doing
well,
you
know
we're
gonna,
you
know
the
funding,
for
them
will
increase
and,
if
they're
not
doing
well,
maybe
we'll
stop
them
or
or
at
least
reduce
the
funding
they
receive
until
we
get
to
the
optimal
level.
A
A
Lastly,
for
those
reviewing
and
refining
challenges,
really
think
about,
you
know
when
you're
trying
to
give
feedback,
you
know
really
think
about.
What's
the
impact
of
solving
the
particular
problem,
is
it
an
interesting
problem?
It's
a
big!
Is
it
a
big
complex
problem
like
so
like?
Has
there
been
failed
attempts
at
solving
it
previously
that
that
means
it's
a
it's
a
big,
interesting
problem.
It's
a
big
juicy
problem
is
the
broad
community
of
something
to
say
about
it
or
just
re
restricted
to
a
few
experts.
A
A
Did
the
proposal
provide
clear
success
criteria
like
how
do
we
even
know
it
was
we
we
succeeded
at
solving
this
challenge
and
also
about
the
scope
of
time
that
is
defined
so
so
so
challenges
that
are
a
bit
more
mid-term.
You
know
months
up
to
a
year,
something
like
that
are
much
better
to
to
track
and
assess
and
learn
from
than
than
super
long-term
ones.
A
So
to
to
summarize,
what's
up
what
are
we
doing?
What
are
the
next
actions
so,
first
of
all,
for
the
community,
the
right
community
go
and
share
your
wisdom.
Share
your
comments.
Your
insights
with
proposers
go
to
a
descale,
find
some
proposals.
You
like
that
you
want
to
and
want
to
improve,
tell
them
about
how
they
can
improve
the
impact,
feasibility
or
auditability,
and
I
think
for
both
proposers
and
community.
A
You
know
things
about
ways
you
can
join,
join
forces
and
maybe
maybe
gather
greater
impact
for
for
the
particular
proposal
at
hand,
and
I
think,
lastly,
let's
experiment
with
trying
to
offer
help
to
co
to
the
cohort.
According
to
this
spreadsheet,
they
published
and
see
what
kind
of
outcomes
do
we
get
if
it's
a
worthwhile
thing.
A
So
finally,
lastly,
I
want
to
invite
I
want
to
invite
er
umed
who's.
We
had
a
lot
of
hats.
Okay,
he's
he's
an
spo
is
he
is
a
member
of
of
the
pool
tool
team.
He
has
a
rich
background
in
finance
and
I
would
call
him
a
community
champion
and
a
great
guy.
That's
that's
my
definition
of
him
to
talk
a
bit
about
community
advisors.
C
Thanks
dora,
it's
it's
it's
pleasure
to
be
here,
and
I
have
to
say
governance,
especially
the
monetary
part
of
government,
is,
is
quite
important,
and
I
would
like
to
take
an
active
part
on
it
because
I
remember
doing
a
pro
a
a
research
report,
deep
analytical
research
report
for
finance
professionals
back
in
the
day
about
cardano,
and
that
was
one
of
the
things
that
kind
of
stood
out,
and
I
can't
wait
to
to
be
part
of
that
process
to
to
shape
the
economic
reality
of
this
of
this
project.
C
But
that
being
said
today,
the
reason
I'm
here
is
to
to
basically
share
my
thoughts
about
how
the
community
advisors
could
improve
their
mental
frameworks
to
evaluate
projects,
because
I
think,
as
a
finance
person,
I
I
used
to
take
a
lot
of
projects
to
the
investment
committees
and
in
in
a
way
we
are
kind
of
following
that.
C
You
know
broader
to
funnel
to
to
to
lower
you
know,
number
of
projects
and
and
and
distill
the
the
you
know,
take
the
widest
approach
possible
and
then
distill
them
into
investable
sort
of
a
few
projects,
and
the
type
of
frameworks
that
I
would
use
myself
is
something
that
I
would
like
to
share
with
you
today
and
hopefully,
as
a
result
of
this
presentation,
you
will
be
able
to
have
something
to
play
with.
This
is
not
a
a
definitive
net.
C
You
know
framework
for
you
to
just
follow
to
the
letter,
but
it's
just
something
to
to
basically
have
you
know
a
as
an
anchor.
If
you
would
like
to
to
you
know,
evaluate
these
projects,
and
I
know
that
there's
a
wide
variety
of
of
advisors
out
there
with
wide
variety
of
of
background
and
that's
the
beauty
of
of
of
this
decentralized
voting,
because
I
truly
believe
in
the
wisdom
of
masses.
C
We've
done
a
an
interesting
experiment
in
the
business
school,
where
you
know
we
were
supposed
to
guess
the
the
weight
of
an
elephant
or
something
like
that,
and
then
everybody
just
grasped
something
and
everybody
was
very
close
to
the
reality.
Even
though
everybody
had
different
kinds
of
ideas
about
how
much
an
elephant
weighs.
So
without
further
ado,
I'm
just
going
to
start
this
presentation
and
we'll
we'll
go
from
there.
C
C
Do
you
see,
do
you
see
the
presentation.
C
Okay,
so
this
is
a
quick
guide
to
to
help
the
the
the
community
just
basically
frame
their
thinking
when
they
evaluate
projects,
and
I
hope
that
you
guys
will
will
appreciate
it.
And
if
you
have
any
suggestions,
you
know
I've
written
a
a
guide
or
a
a
reddit
post
that
you
could.
Just
you
know.
If
you
have
any
suggestions
you
can
you
can
post
your
comments
there,
but
you
know
the
the
essence
of
being
a
community
advisor.
C
Is
that
I
look
at
it
from
the
point
of
view
of
being
a
fiduciary
for
this
community,
so
the
what
are
the
sort
of
responsibilities
of
fiduciaries
right,
even
though
it's
not
a
legal
requirement
for
us
to
be
fiduciaries,
but
it's
it's
good
to
have
these
sort
of
characteristics
or
these
types
of
behaviors.
That
would
make
sure
that
we
we
actually
generate
the
best
value
for
the
ecosystem
and
those
are
basically
the
impartiality.
It
means
like
it
doesn't
really
matter
you,
you
don't
have
a
bias
from
one
project
to
another.
C
You
have
to
be
coming
to
this
with
a
clear
mind.
Naturally,
you
have
to
you
have
integrity.
So
you
know
you
can't
be
bribed
off
or
you
know
somebody
comes
to
you
and
says:
hey,
you
know
vote
for
me
and
I
will
give
you
a
little
bit
of
money
you
can
you
can't
just
do
that?
You
have
to
have
a
critical
thinking.
You
know
it
doesn't
really
matter
what
your
background
is.
C
As
long
as
you
start
asking
the
right
questions
you
will,
you
will
get
the
right
answers,
so
that's
very
crucial
for
that.
You
also
have
to
be
resource
conscious.
You
know
every
time
we
announce
a
a
fund,
there's
a
limited
amount
of
money
available,
and
you
need
to
make
sure
that
if
there's
a
project,
that's
asking
for
90
of
those
funds
that
it
actually
has
better
it
better
have
a
really
really
good
good.
You
know
impact
in
your
mind.
C
At
least
you
know
you
have
to
be
very,
very
independent
in
that
also
and
and
last
but
not
least,
but
one
of
the
other
things
that
I've
noticed
and
it
needs
to
be
emphasized
really
strongly.
Is
that
the
the
the
community
advisors
they
need
to
be
self-aware
about
what
they
are
saying
and
what
how
they
are
thinking,
it's
always
be
in
in
the
mind
of
your
mindset
should
be
always
that
you
know.
How
can
I
improve
my
thinking?
You
know
it's
it's
it's
it's
very!
C
C
Not
so
egos
is
really
bad,
because
what
happens
when,
when
you
do
these
kind
of
judgments,
is
that
you
attach
your
ego
and
if
anybody
challenges
your
thinking,
you
start
being
defensive
and
when
you're
being
defensive,
you're,
not
actually
focusing
on
the
problem,
you're
focusing
on
yourself
and
that's
really
not
good
for
an
advisor,
because
your
your
vote
in
a
way,
you
know,
carries
more
weight
in
the
system.
C
Now,
how
do
you
judge
impact
right?
It's
it's
like
a
very
well.
You
know
widely
defined
metric
here,
as
opposed
to
let
let's
say
the
return
on
investment
in
the
investments
industry.
C
Where
you
know
you
definitely
have
an
input,
which
is
the
amount
of
money
you
put
in
and
then
you
have
roi,
which
is
you
know
how
much
what's
your
return
here
you
know
it,
the
the
impact
is,
is
tied
to
the
challenge
and
the
challenge
is
defined
by
the
by
the
community
or
in
the
early
stages,
by
hk,
but
but
later
by
community,
but
the
the
impact
could
have
a
a
a
number
of
metrics
there.
You
know
this
usually
will
be
you
know
in
in
the
in
the
round.
C
Two,
for
instance,
we
had
how
many,
for
instance
developers.
Could
you
could
you
on
board?
You
know:
how
could
you
encourage
people
to
build
businesses
if
there
is
a
path
from
the
what
project
does
and
and
to
to
where
you
want
to
go?
So
you
have
to
understand
these
intricacies
and
interrelatedness
of
these
things.
So
in
a
nutshell,
you
know
how:
how
will
the
project
benefit
cardano?
If
successful
you
could
measure
it
transactions,
utility,
etc,
and
then
you
need
to
you
need
to
also
understand.
C
It
goes
back
to
the
self-awareness,
whether
you
understand
the
project
really
well
and
and
that's
something
you
can't
teach,
because
it's
something
that
you
need
to
probably
arrive
at
through
iterations,
and
if
there's
one
thing
that
I
would
like
to
advise,
everybody
is
to
be
more
susceptible
or
more.
C
You
know
more
susceptible
to
your
own
sort
of
flaws
in
judgment
rather
than
blaming
somebody
else.
So
if
there
is
a
concept
that
you
think
is
is
really
bad
and
you
you
think
that
you
know
you
could
just
basically
judge
the
the
team.
It's
always
good
to
go
back
to
the
team
and
try
to
understand
whether
you
understood
their
proposal
well
and
sometimes
really
bright
individuals,
and
I
cannot
emphasize
this
enough.
I
work
with
developers.
I
work
with
brilliant
engineers.
C
They
tend
to
have
a
hard
time
expressing
things
in
a
logical,
not
logical,
but
in
in
a
written
way.
So
if
there
is
a
way
that
that
you
could,
you
know,
take
that
information
out
of
them
and
create
your
own
mosaic
of
understanding
of
the
project,
you
will
add
enormous
value.
So
so
that's
that's.
C
Another
thing
work
work
very
closely
with
the
teams,
always
check
your
assumptions,
because
you
might
make
an
assumption
and
it
may
not
be
true
and
and
be
prepared
to
walk
away
if
the
project
is
really
difficult
for
you
to
understand,
if
you
don't
feel
comfortable,
making
an
informed
judgment,
don't
rush
and
write
a
report
just
to
to
to
to
be
able
to
earn
a
few
bucks.
You
know
it's,
it's
actually
really
really
bad.
C
If
you,
if
you
do,
those
kind
of
you
know
actions
and
that's
that's
a
and
b,
it's
it's
easily
traceable
and
it
will
actually
reduce
your
credibility
as
a
community
divisor.
Now
in
terms
of
challenge,
you
know,
there's
you
know.
If
you
have
a
challenge,
there
is
a
direct
way
of
of
satisfying
it
and
there
may
be
other
ways,
indirect
ways
of
satisfying
the
same
challenge.
My
advice
here
would
be
for
you
guys
to
to
have
an
open
mind.
C
Now
indirect
ways
may
have
a
lower
probability
or
higher
probability
for
that
matter,
but
and
you
know,
but
they
they
should
not
be
dismissed
because
they
are
not
direct
a
case
in
point
to
get
more
developers
into
the
ecosystem.
You
can
say:
okay,
I
got
this
one
dap
coming
into
the
ecosystem,
or
you
can
just
say.
I
have
this
platform
that
exposes
a
lot
of
people
to
cardano
community,
and
you
know
you
can
make
an
assumption
that
you
know
x.
C
Number
of
those
people
have
resources
to
actually
build
on
top
of
of
on
top
of
this
system
and
and
that's
basically
you're
hinging
upon
creating
awareness,
but
the
results
are
the
same,
maybe
even
the
the
the
channel
that
creates
that
awareness
will
bring
more
developers
into
the
ecosystem
rather
than
focusing
on
one
guy
or
one
team.
That
brings
the
dap
and
it's
very
straightforward.
I'm
not
saying
that
these
things
are
are
interchangeable
and
one
is
superior
to
another,
but
I'm
just
saying
that
there
are
many
ways
to
skin
the
cat.
C
I
hate
that
expression,
but
there
it
is
so
the
metrics
can
be
quantified
in
in
you
know.
You
need
to
find
a
way
to
to
quantify
the
metrics
in
order
to
judge
impact,
and
that's
something
that
you
need
to
work
with
teams,
or
you
know
you
might
have
those
metrics
given
to
you
now
one
of
the
the
best
ways
you
could
analyze
investments
or
not
investments.
C
We
can
say
these
grants
that
we
give
away
is
to
tie
them
into
the
the
deep
needs
and
wants
of
human
beings
and
that's
basically
a
very
fundamental
exercise
in
your
mind.
You
have
to
understand,
you
know,
I'm
funding
this
project
right
and
this
gap,
as
does
x,
y
and
z.
Why
do
I
think
that's
valuable
and,
and
then,
from
that
point
of
view
you
could
just
try
to
map
it
the
the
functions
of
that
map
to
the
pyramid
of
needs.
Here
we
have
pyramids
of
needs
by
a
maslow.
C
It's
basically
a
a
hierarchical
way
of
how
the
humans
work.
The
first
things
are
basically
physiological.
We
need
food,
we
need
water,
warm
rest.
So
if
the
dap
is
trying
to
facilitate
any
of
those-
and
if
you
have
the
linkage,
then
it
basically
is
a
fundamentally.
You
know
basic
need
that
you
know
there
is
a
need
for
that
dap
that
you
know
establish
its
fundamental
value
and
then
there
are
security
needs.
C
Basically,
if
something
that
that
facilitates
purchasing
of
a
home,
for
instance,
or
getting
people,
shelter,
etc,
etc,
and
those
are
the
the
needs
that
you
cannot
just
deny
and
say:
okay,
it's
kind
of
iffy,
and
then
we
we
go
into
into
the
sense
of
belonging
and
love.
You
know
self-esteem
needs
and
self-actualization
those
are
more
ethereal,
but
still
you
can.
You
can
make
a
case
for
them,
but
the
main
is
the
main
takeaway
here.
C
Is
that
if
you
have
that
mindset
of
of
linking
gaps
that
you're
seeing
or
projects
that
you're
seeing
to
one
of
these
needs
and
wants,
you
will
make
a
much
more
informed
decision
as
a
as
a
a
community
advisor
now.
C
The
crucial
part
in
terms
of
you
know,
being
successful
in
in
weeding
out
bad
projects
and
making
a
really
informed
judgment
is
basically
assessing
feasibility
in
in
credit
in
finance.
It's
basically,
you
know
you
look
at
four
layers
of
reality
right.
C
You
know
we
can
just
say:
does
the
team
have
the
necessary
skills
to
to
to
to
to
execute
this
project
right
and
you
look
at
their
capabilities
what
they
have
done,
how
motivated
they
are,
and
things
like
that
and
every
individual
and
every
advisor
has
their
own
sort
of
scale
in
here.
So
you
can
just
basically
think
about
that,
and
then
there
are
physical
limitations
right.
C
If
somebody
says
you
know,
I'm
gonna
do
five
million
transactions
per
second
on
this
you
know
node
or
on
this
dap,
and
you
know
physically,
that
the
light
speed
of
light
is,
is
you
know
going
to
be
an
impediment
for
those
kind
of
numbers?
Then
it
basically
becomes
unfeasible
right.
So
you
have
to
understand
those
kind
of
limitations,
there's
human
limitation
and
then
there's
legal
limitations.
C
You
know
if
the
dav
says
says:
I'm
gonna
do
x,
y
and
z
and
and
and
you
know,
or
you,
research
or
probe
and
find
out
that
in
that
country
xyz
is
not
allowed.
Then
that
becomes
an
impediment
also
and
then
there's
economic
impediments
right
economic
reality
about.
C
If
if
the
dap
says
I'm
gonna,
do
I'm
gonna
create
this
dap
and
I'm
gonna
charge
two
dollars
per
transactions
or
whatnot,
and,
and
you
know
that
the
the
population
of
the
country
that
they
are
targeting,
for
instance,
cannot
afford
that
or
if
their
server
costs
are
bigger
than
their
you
know
their
revenue,
then
you,
you
could
basically
get
into
a
problem
there.
So
there's
there's
four
different
kinds
of
reality.
Then
you
need
to
kind
of
keep
in
mind
and
filter.
C
All
the
projects
through
auditability
is
the
basically
is
about
audit.
You
know
tracking
the
impact
you
need
to
be
in
my
sort
of
experience
you
you
could
you
could
be
as
detailed
as
possible,
but
then
you
have
to
also
ask
yourself.
You
know
to
what
end
you're
asking
and
whether
you
know
asking
a
lot
of
detail
is
going
to
to
improve
your
your
your
job
of
tracking
the
success.
C
A
certain
number
of
you
know,
indicators,
I
would
say,
is-
is
necessary
three
to
four,
but
getting
into
the
details
of
you
know
every
second
or
every
day,
what
happened
with
the
project
could
be
a
little
bit
too
taxing
for
for
teams
that
could
be
actually
using
their
time
building
the
the
the
the
the
app.
For
instance.
C
You
need
to
be
a
cooperative
with
teams
when
you
decide,
or
you
have
a
feedback
on
on
auditability
and
the
key
parameters,
and
you
know
you
have
to
be
also
cognizant
of
execution
time
and
and
make
sure
that
you
know
you
have
a
good
understanding
of
of
of
realistic
execution
time
now,
one
of
the
last
things
that
you
need
to
be
sort
of
cognizant
of,
and
that's
something
that
popped
up
in
my
mind,
was
you
know
you
don't
want
to
end
up
with
a
community
a
wide
feeling
of
purchasing
two
pizzas
for
60
million
dollars
right
so
so
there
might
be
a
project
that
would
ask
for
a
sizable
amount
of
ada,
for
instance
down
the
road
when
it
becomes
a
feasible.
C
Let's
say
to
to
release
10
10
million
dollars
and
whatnot,
and
in
that
regard
you
have
to
also.
I
would
say
that
I
need
I
I
would,
I
would
think
about
it,
as,
as
you
know,
what
percentage
of
total
funding.
That's
that's
going
to
be
available
this
if,
for
for
the
year,
for
instance,
this
this
project
is
asking
whether
you
know
this
project
deserves
that
much
sort
of
you
know
ada
to
be
spent
on.
C
You
know
size
versus
impact,
size
versus
other
projects,
impact
size
worth
versus
one
year
available
funding
and
you
know
and
size
versus
total
emissions,
because
you
know
at
some
point:
the
emissions
will
end
if
the
if
the
project
is
asking
for
a
sizeable
portion
of
that
14
billion,
for
instance,
you
know
you
might
be
asking
yourself
whether
that
would
be
a
good
use
of
funds,
but
you
know
this
is
just
basically
a
a
filter
at
the
end
just
to
make
you
think
that
you
know
you,
you
are
spending
your
money
with
the
with
the
great
greatest
bang
possible.
C
So
a
list
of
recommendations
at
the
end.
You
know
this
is
kind
of
from
my
also
experience
since
I
went
through
the
process
of
proposed
proposal
and
getting
some
feedback
is.
You
know
there
were
a
lot
of
really
good
positive
feedback,
but
there
were
also
people
who
would
just
come
in
and
wouldn't
even
understand
what
I'm
talking
about
or
what
I'm
doing
and
just
say.
C
Oh,
I
don't
like
your
project
and
like
things
like
that,
so
provide
constructive
feedback,
which
is
honest
but
fair,
and
you
have
to
also
understand
the
project,
how
the
project
addresses
the
the
funding
challenge
and
also
understand
the
fundamentals
of
each
project.
C
C
C
You
know,
people
who
never
looked
at
the
project
before
writing
a
detailed
you
know,
analysis
of
the
project
and
and
highlighting
their
concerns,
which
were
honestly
could
have
been
addressed
at
the
evaluation
stage.
So
it
would
be
good
if
all
your
concerns
were
highlighted
ahead
of
time
and
let
the
the
the
the
teams
actually
to
address
them,
and
sometimes
you
know
they
will
address
them.
C
Sometimes
there
will
be
open
at
the
assessment
stage,
but
at
least
giving
them
a
chance
to
to
address
would
be
a
very
good
sort
of
behavior
there.
So
it
you
have
to
come
up
with
a
you
have
to
come
with
a
critical
mindset,
but
gives
give
the
teams
the
benefit
of
doubt.
Nobody
wants
to
to
come
here
and
and
scam
you.
Unless
you
know
I
mean
there
might
be
some
people
who
might
want
to
do
that.
But
that
would
be
very
obvious.
C
I
think
you
have
to
focus
on
quality,
not
the
quantity.
I-
and
I
cannot
stress
that
enough.
I
think
you
know
if,
if
you
focus
on
on
on
types
of
things
that
interest
you
you
will,
you
will
actually
both
learn
more
and,
at
the
same
time,
get
good,
go,
give
good
quality
feedback
and
and
growth.
C
As
a
result,
now
I've
seen
some
some
critical
reviews
that
I
took
to,
to
my
honest
opinion,
were
kind
of
manufactured,
so
I
kind
of
thought
maybe
people
were
rushed
or
thought
that
they
needed
to
create
something
just
to
to
to
to
write
something.
You
know
try
to
avoid
those.
If
you
don't
have
an
opinion,
it's
better
you.
C
You
focus
on
something
that
that
actually,
where
you
can
realistically
assess
things
in
in
in
a
in
in
a
transparent
way-
and
you
know
last
but
not
least,
be
open
to
change
your
mind
and
that's
I
cannot.
You
know
stress
that
enough.
You
know.
Sometimes
we
write
really
good
reviews
and
we
think
that
we
are
very
smart.
But
again
you
know
it
goes
back
to
the
question
of
assumptions.
You
know.
C
Sometimes
you
make
promong
assumption
and
and
if
the
team
comes
back
and
and
tells
you
that
you
know
all
these
things
that
you
raised
have
been
addressed
either
by
challenging
your
assumptions
or
giving
you
new
data,
you
should
be
okay
to
to
basically
say:
okay.
Well,
I'm
you
know
my
assessment
was
wrong
and
and
and
reverse
or
at
least
improve
your
your
assessment
as
a
result.
C
So
it's
it's
very
harmful
for
the
ecosystem
if
you
just
basically
get
entrenched
and
attach
your
opinion
to
your
ego
and
then
basically
start
fighting
the
the
teams,
because
it's
it's
detrimental
to
the
to
the
to
the
ecosystem,
because
you
you're
thinking
that
you
know
your
reputation
whatever
is
on
the
line
and
and
you
need
to
defend
yourself.
C
C
A
You
did
okay.
Thank
you,
sorry.
I
was
talking
with
me.
You
said
yeah
I
mean
I
think,
once
you
have
a
zoom
call,
it
would
be
so
much
nice
to
see
like
because
I
think
you
really
deserve
like
a
hand
and
a
clap
for
taking
all
this.
A
All
this
effort
and
sharing
sharing
your
perspective
and-
and
I
love
that
I
love
that
you've
been
on
the
other
side,
like
I
love
that
you've
been
a
proposer
and
you
got
to
you
got
to
think
about
it
from
from
a
different
angle
than
most
people
and
and
and
I
love
the
the
framing
of
it
as
as
investments
a
bit
like
looking
at
it.
From
I
mean
it
is
a
grant,
but
we
also
need
as
a
community.
A
We
need
to
think
well
how
how
are
we
using
the
scarce
resources
we
have
in
the
best
way?
So
really
really.
Thank
you.
I
really
appreciate
you
coming
up
here
and
and
giving
this
presentation
and
I'm
sure
it
gives
people
a
lot
of
a
lot
of
background
and
maybe
some
motivation
to
become
community
advisors.
A
A
In
case
it
doesn't
make
it
into
the
presentation:
can
you
please
throw
more
light
on
the
community
choice
category
at
tomorrow's
town
hall?
Does
it
need
to
have
a
dollar
amount
estimate,
including
in
the
proposal?
How
does
that
get
estimated?
If
so,
how
will
winner
be
selected?
So
I
think
I
addressed
most
of
it
so,
but,
but
just
to
be
reiterate,
yes,
you
need
you
need
to.
A
You
need
to
define
like
how
much
of
a
budget
is
allocated
for
this
challenge,
and
I
think
I
talked
a
bit
about
the
trade
off
like
smaller,
but
smaller
bucket
means
we
can
experiment
with
more
challenges.
Bigger
bucket
means.
This
challenge,
you
know,
is
more
becomes
more
attractive
and
engaging
to
people
and
maybe
have
a
better
chance
to
actually
get
resolved.
A
A
A
A
A
I
would
say
that
this
sounds
like:
why
doesn't
the
community
build
a
decentralized
exchange
and
have
a
hold
of
sharing
it?
Now?
Now
that
there
is,
you
know
you
can
allocate
the
budget
for
it.
So
maybe
it's
a
good
good
idea
for
a
proposal.
A
But
yeah
also
yeah
smart
contracts.
The
community
answered
well,
okay,
can
the
time
for
the
weekly
town
halls
be
varied
to
give
those
in
the
asia
pacific
region
an
opportunity
to
attend
some
live?
The
project
appears
to
be
favoring,
particular
geographical
regions
yeah.
I
yeah,
I
feel
that's
a
good
comment.
A
The
earth
is
round
the
different
time
zones
I
live
in.
I
live
in
in
in
west
coast.
Us
now.
It's
you
know,
11
almost
11
30
a.m.
For
me,
we
definitely
had
to
make
some
trade-offs.
I
think
we
picked
that
because
I
think
that's
like
we
know
huge,
usually
gatherings
for
carolina
community
happen
at
around
this
time,
and
I
do
feel
when
we
get
to
a
point
where
we
you
know
we
we
we
will
start
the
category
circle
or
you
know,
or
have
representatives
from
all
over
the
globe.
A
A
When
can
we
expect
hardware
wallet
support
for
voting,
so
this
is,
of
course,
is
a
priority
for
us.
Unfortunately,
there's
like
lots
of
steps
in
the
way,
and
we
first
need
to
integrate
token
locking
we
need
to
integrate
with
with
data
loose
and
we
need
to
get
the
you
know.
The
the
you
know,
the
the
the
specific
hardware
reward
companies
you
know
to
integrate
the
technology
so
we're
working
on
it.
It
will
take.
A
It
will
be
a
few
funds
before
we
before
we
get
there,
but
I
can
assure
you
that
it
will
happen
within
the
scope
of
2021..
I
will,
of
course,
be
update
and
transparent.
Once
I
once
I
know
myself
the
the
timeline.
A
Okay,
so
mutated
peace
is
asking.
Can
we
build
better
features
within
catalyst
to
help
participants,
filter
out
ideas,
hot
trending,
ideas,
more
discussed,
etc?
We
probably
need
the
team,
we
probably
need
a
team
to
vet
and
summarize
titles
and
problem
statements,
so
we
can
comprehend
better,
and
so
there
are
some
some
filtering
options
within
id
scale
and
you
can
explore
and
and
like
like.
A
We
have
like
a
popular
thing
or
recent
recent
ways
or
or
you
can
look
look
by
tags
and
if
there
is
a
particular
filtering
method,
that's
really
necessary
and
you
can
come
and
suggest
that,
and
we
can.
We
can
check
with
with
the
eddyskill
team
what
can
be
added,
and
I
would
say
that
I
would
say
that
generally.
A
Sometimes
these
filters
can
have
an
also
a
negative
outcome,
so
so,
for
example,
you
know
if
you
just
sort
by
if
you
make
the
different
sort
by
hot
trending
ideas,
a
lot
of
really
great
ideas
get
sleep
away
and
you
know
it
can
turn
into.
It
can
turn
our
perspective
into
like
a
bit
myopic.
A
So
also,
we
need
to
take
into
consideration
that
the
danger
there,
and
and
also
appreciate
that
at
least
in
these
early
stages-
and
you
know
it's
more
about
ideation
and
refinement
and
creativity
and-
and
so
maybe
like
you
know,
so
if
kind
of
filtering
is
less
like
a
huge
priority.
I
think
in
the
voting
app
itself,
we're
gonna
tackle
this
a
bit
more
in
the
coming
funds.
A
Well,
if
you're
using
euro
you
can,
you
can
just
use
the
it's
at
least
for
fun.
Three,
like
you,
you
would.
You
can
use
that
the
loose
there's,
no,
no
issue!
You
just
need
to
recover
your
wallet
in
the
other
loops
and
for
people
who
are
using
a
hardware
wallet.
A
I
think
a
few
people
you
know
like.
I
think
what
what
a
few
people
did
was.
They
actually
transfer
transferred
funds
to
a
new
like
a
like
a
non-hardware
wallet
to
a
regular
wallet,
use
that
wallet
to
to
register,
to
vote
and
then
return
return,
their
funds
to
the
hardware
wallet.
A
So
I
know
I
know
this
one
one
strategy
that
worked,
what
what
didn't
work
for
them
and
and
like
something
that
we
learned
and
and
was
that
you
also
need
to
make
sure
that
your
staking
key
is
registered
correctly.
So
if
you
are,
if
you're
going
down
that
path
and
you're
in
you're,
creating
a
new
wallet
make
sure
that
the
funds
in
that
wallet
are
are
delegated
to
a
pool,
and
so
your
voting
keys
is
registered
and
we
can
send
you
the
voter
voting,
rewards
okay,
so
it's
the
best
I
can.
A
A
Not
yet
not
not
supported,
it
will
be
sent
into
the
stacking
address?
Yes,
I
don't
know
if
there's
a
way
to
differentiate
right
now.
It's
not
supported
we're
still
early
stage,
and
I
think
once
we
get
into
into
into
using
a
talk
the
token
locking
methodology,
the
whole
rewarding
mechanism
is
gonna,
we're
gonna
transition
to
a
different
rewarding
mechanism.
So
right
now
we're
not
kind
of
working
into
adding
more
more
support
to
to
the
current
methodology
we
use.
A
A
A
I
have
looked
at
yeah
phil,
I
I
so
the
objective
was
a
to
enable
to
collect
to
to
collect
problems
and
to
identify
problems,
so
we
can
indeed
like
work
and
implement
them
and
we
have
been
extremely
backlogged
and
we're
working
like
our
team
is
working
right
now
at
capacity
actually
a
bit,
maybe
even
a
bit
above
capacity,
and
one
of
the
things
that
I
didn't
manage
to
get
to
as
much
as
I
wanted
was.
A
The
was
was
to
taking
the
decathless
problem,
selling
challenge
we're
now
we're
currently
increasing
our
capacity
and
there's
going
to
be
a
specific
person
with
a
role
to
to
work
through
the
problem.
The
problem,
sensing
challenge.
So
hopefully
this
issue
will
be
will
be
addressed
and
we
can
give
it
more
more
thoughts
and
more
transparency
and
and
track
this.
A
So
so
far
you
know
we're
just
doing
that.
We're
just
doing
the
best
we
can
and-
and
I
think
that
even
just
having
a
shared
awareness
of
a
shared
awareness
of
the
community
of
of
of
the
different
problems
that
people
are
seeing
is
is
going
to
serve
us
yeah.
So
hopefully
I
will
be
able
to
come
back
to
this
in
in
a
future
town
hall
and
and
let
you
know
once
we
can
really
seriously
start
to
start
to
address
all
the
other
issues
that
were
raised
there.
A
That
is
okay,
so
that
is
like
a
quarter
million
for
that
creation:
quarter
million
for
that
ecosystem,
half
a
million
for
community
choice,
so
so
yeah
there
might
be
several
community
challenges.
We
don't
know
it
can
be
two,
it
could
be
twenty.
You
know
like.
We
will
see
how
many
of
them,
but
yeah
they
will
join
the
the
ones
that
were
the
challenges
that
were
set
by
the
catalyst
team.
We
currently
have
two
for
these
amounts,
but
I
can
guarantee
they're
going
to
be
remain
the
same
from
the
catalyst
team.
A
There
might
be
more
of
them
and
they
might
have
hold
more
funds.
I
can't
commit
exactly
to
that.
Yet
all
I
can
say
is
there
will
be
the
community
challenges
and
they
will
have
the
same
status
as
as
as
the
ones
that
were
made
by
catalyst
like
it.
They
will
look
the
same
in
the
voting
app.
You
know
that
the
same
rules
and
processes
will
be
applied
to
them.
B
A
A
Rob
does
anyone
look
at
the
improved
catalyst
feedback
on
id
scale?
There
is
no
way
to
see
if
they
have
been
looked
at
or
being
worked
on
so
yeah.
This
is
a
similar
issue
that
fuel
raising
and
yeah.
I
have
to
admit
that
that
when
I
initially
set
this
challenge,
I
I
had
no
idea
that
you
know
it
would
get
so
many,
so
many
so
much
feedback
and
so
much
activity
around
it
and
just
like
turned
into
this
like
giant
pile
of
requests.
A
That
is
that
we
found
that
we
don't
currently
have
enough
capacity
to
to
to
process,
but
we
have
identified
the
issue
and
we're
working
on
increasing
the
capacity
to
to
do
that.
So
it's
acknowledged
and
worked
on
to
to
to
be
improved,
and
that's
all
I
can
say
about
it.
For
the
moment
we
have
some
other.
A
I
have
some
even
more
more
ambitious
plans
about
you
know
when
I,
when
okay,
okay,
I'll
I'll
share
some
I'll
share
one
thing,
and
I
think
then
I'm
gonna,
I'm
gonna
log
out.
But
you
know
when,
when
I
talked
about
at
the
beginning
of
of
the
town
hall,
I
mentioned
the
the
decentralization
of
catalyst:
okay
and
the
nd
and
the
the
gradual
transfer
okay
of
of
the
catalyst
functionalities
to
the
community.
A
A
A
So
we're
thinking
we're
considering
this.
I
think
it's
it's
gonna.
I
think
it's
a
very
promising
direction,
but
you
know
I
I
can't
commit
to
it.
A
I
can
just
say
we
were
thinking
about
this
really
really
hard
and
discussing
this,
but
this
could
be
like
a
wonderful,
potentially
wonderful
example
of
of
this
gradual
handover
to
to
the
community
like
moving
this
challenge
from
something
that
that
catalyst
team
is
responsible
for
to
to
basically
like
the
proposal
community
that
can
come
up
and
and
solve
some
things
without
needing
us
to
be
to
be
directly
involved.