►
From YouTube: MakerDAO Community Meeting - July 10, 2018
Description
Recent Partnerships
- TradeShift
Recent Events
- June 28: Chris Padovano spoke Law and Economics around Dapps at BuildEth
- June 30: Dapper Network Bootcamp
- June 21: SF ETH Dev Meetup
- July 6-8: TC Sessions: Blockchain 2018
Upcoming Events
- ETHBerlin: Apply to Hack
- July 13-14: Bit Bazaar × Internet Yami-ichi
News
- New Oasis launched
- Debt Ceiling Raised
- New Governance Meeting Schedules
- Hackathons
- New Exchange Listings
General Q&A Session
- Ask us (almost) anything
Special Guests
- Ian Harvey: A new hire will talk a bit about his background, and how chatOps is not dead
- Ashleigh Schap: One of our Bizdev rockstars will join us to talk about Tradeshift and what it could mean for the ecosystem
A
A
So
you
can
all
very
much
enjoy
that
on
June
30th
we
did
a
boot
camp
with
the
integrations
team,
where
they
taught
some
college
students
about
the
maker,
j/s
library
you
might
have
seen
Ethan
do
a
demo
that
a
couple
weeks
ago,
June
21st.
We
also
presented
at
the
San
Francisco
eath
Meetup
and
yes,
like
I,
said
the
TechCrunch
event
in
zag
kicked
off.
Just
over
this
weekend,
we're
also
super
stoked,
because
Vitalik
were
one
of
our
shirts
that
won.
This
is
I'm
not
stable
about
my
diet
and
I
made
that
shirt.
A
So
I
was
really
happy
to
see
a
genius
wearing
something
that
on
my
mouth
yeah
and
in
terms
of
upcoming
events,
we
have
ether
Berlin.
If
you
want
to
apply
to
hack
their
July
13th
to
the
14th
will
be
in
Toronto
I'm,
actually
using
dye
like
physical
coins
at
this
cool
bit.
Bizarre
internet,
yummy
EG
thing
we'll
see
how
that
all
goes,
we'll
take
some
pictures
and
you
guys
will
get
to
experience
that
a
bit
and
we're
excited
about
that
as
well.
A
C
B
A
B
So
general
technical
community
management
type
stuff,
there's
there's
been
a
lot
going
on
and
I
think
that
if
you've
been
trolling
our
subreddit,
you
probably
know
about
most
of
them.
We
got
bunked
last
week
and
didn't
have
our
community
meeting,
because
the
foundation
proposal
meetings
with
roon
are
ongoing
and
we
lost
our
spots
on
recapping.
B
Everything
might
be
a
bit
ownerís
for
this
meeting,
so
I'm
going
to
talk
about
the
highlights,
and
if
anybody
missed
that
or
want
some
additional
detail,
just
ping
us-
and
we
can
probably
dig
into
some
of
these
things,
but
some
of
the
big
highlights
we
improved
the
Oasis
suite
of
tools
or
the
Oasis
team,
improved
the
Oasis
suite
of
tools
which
was
fairly
amazing,
Oasis
direct
is
now
hardware
now
supports.
Hardware
wallets,
which
is
great.
The
Oasis
Dex
is
significantly
faster
than
it
used
to
be,
which
is
also
great
lots
of
usability
tweaks
as
well.
B
There's
a
post
on
our
blog.
That
goes
into
some
of
those
details.
So
if
you
want
to
do
some
more
research
check
it
up
there
or
ask
us
a
question
here,
we
raised
the
debt
ceiling
recently
as
well.
So
we
went
from
50
million
died,
circulating
die
cap
to
a
hundred
mil,
so
it
gives
us
significantly
more
breathing
room
between
now
and
the
launch
of
multi
collateral
lots
of
discussions
around
that
topic
as
well
check
out
our
subreddit.
We
were
recently
listed
on
hit
BTC,
which
I
think
is
a
good
thing.
B
They
had
some
kinks,
they
needed
to
work
outs.
It
seems
to
be
firing
on
all
cylinders,
now
significant
volume
which
it
isn't
shouldn't,
be
unexpected,
but
it's
still
nice
to
see
I
think
a
hundred
and
some
Kay
of
die
circulated
through
exchange
yesterday,
which
was
nice.
We've
been
doing
a
lot
of
sort
of
direct
interaction
with
the
community
through
hackathons
and
bounties
over
the
last
few
weeks.
Some
of
them
are
starting
to
show
some
interesting
results.
We
were
one
of
the
major
sponsors
for
the
hack
summit
that
just
ended
on
Sunday.
B
We
saw
I
think
that
maker
Dow
was
the
second
most
popular
project
that
people
chose
to
work
on,
which
was
a
really
cool
sort
of
signal
or
vote
of
confidence.
Oh
there's
a
team
there
that
built
out
tray
application
for
us,
which
is
something
that
I
think,
would
be
great
for
the
community,
but
selfishly
it's
something
that
I've
wanted
personally
for
a
long
time,
so
I've
been
pushing
this
bounty,
we
it's
a
tray
application
that
keeps
an
eye
on
your
CDP's
and
does
some
monitoring
and
alerting
for
you.
B
What's
the
thing
that
I
really
wanted
to
talk
about
this
meeting,
though,
is
sort
of
meta,
because
it's
about
more
meetings,
so
we've
been
having
a
lot
of
really
really
cool
discussions
about
the
foundation
proposal,
which
turned
into
two
or
three
other
major
discussions
about
the
foundation
proposal
and
I
think
that
we
all
got
this
sense
that
the
questions
are
probably
not
going
to
dry
up
any
soon
any
time
soon
and
there's
more
and
more
and
more.
We
need
to
explore
these
things.
B
So
what
we're
going
to
be
doing
this
week
and
for
the
foreseeable
future
are
is
implementing
three
calls
a
week,
which
kind
of
feels
like
a
lot
but
I
think
that
there's
enough
content
there
to
justify
it.
So
a
plan
right
now
is
that
we
need
to
have
these
meetings
to
help
the
entire
organization
internally
and
externally.
So
everybody
who's,
a
a
maker
holder
or
just
a
maker
fan,
can
have
a
chance
to
speak
and
figure
out
what
our
thinking
is.
B
B
B
B
All
of
our
heads
around
so
we'll
be
joined
by
a
special
guest.
Stephen
Becker,
our
head
of
risk,
he's
going
to
be
there
every
week
and
we're
gonna
talk
about
mechanisms,
processes,
implementation,
philosophy,
based
assumptions
about
what
risk
is
and
what
maker
is
up
to
how
maker
is
going
to
view
and
implement
these
concepts.
B
And
eventually
get
to
a
place
where
everybody
understands
how
where
we
are
going
to
handle
voting
and
how
we're
going
to
handle
the
onboarding
of
new
asset
classes
among
many
other
things,
but
those
are
gonna
be
some
of
the
primary
focuses.
All
these
meetings
are
going
to
start
9:00
a.m.
on
these
days,
PST
4:00
p.m.
UTC
and
we're
going
to
iterate
the
first
few
batches
to
figure
out
what
the
schedules
look
like
and
what
the
actual
agendas
look
like
and
what
we
talked
about
in
them.
B
But
it's
very
important
that
anybody
who's
in
it
interested
in
make
your
downward
feels
like
they
have
something
that
contribute
shows
up
for
these.
So
we'll
get
better
at
publishing
agendas
and
make
sure
that
everything's
in
reddit
and
possibly
start
sending
up.
Some
calendar
invites
more
reminders
in
Twitter
and
potentially
send
out
some
emails
at
some
point
in
the
future.
A
B
That's
it.
That's
obviously
a
trick
questions.
The
answer
is
he's
it's.
It's
always
a
hard
question
answer,
so
he's
not
driving
anybody
I,
don't
think,
but
he's
obviously
a
vision
guy,
and
so
we
are
all
kind
of
informed
by
that
vision.
But
it's
it's
a
doubt,
and
so
there's
lots
of
people
internally
that
have
lots
of
really
great
ideas.
B
Everybody's
contributed
to
this.
This
vision
of
implementation
and
what
we're
doing
right
now
is
making
sure
that
the
whole
of
that
are
involved.
Is
it
like
outside
the
office
walls
have
a
chance
to
start
shaping
the
vision
as
well.
So
the
reason
why
the
proposal
was
pushed
out
there
that
the
medium
was
to
start
a
conversation,
not
you
know,
dictate
the
future.
So
these
meetings
that
we're
gonna
be
having
on
Wednesdays
with
room
will
be
everybody's,
an
opportunity
to
help
shape
what
that
actually
means
that
address
question.
Yeah.
C
C
B
Yeah,
it's
always
it's
always
tough.
When
you
have
a
strong
personality
at
the
head
of
your
organization
within
at
least
people
to
believe
that
you
know.
Maybe
we
have
a
dictator
here,
but
I
think
that
there
there's
a
lot
of
corollaries
and
in
the
wider
crypto
space,
where
you
have
sort
of
a
Korra's,
Matic
spokesperson
and
somebody
that
has
strong
vision.
But
the
I
think
these
meetings
are
a
perfect
example.
The
fact
that
we're
all
shaping
what
this
actual
vision
is
going
to
be.
A
B
Yeah,
actually
I'm
not
going
to
touch
any
of
that
I,
don't
know
gonna
end
up
back
on.
It
never
happened
and
we'll
move
on
doing
that
character.
Oh
yeah,
so
I
also
wanted
to
touch
on
that.
This
is
a
sort
of
a
recurring
theme
that
I
want
to
keep
on
reiterating,
but
I
want
to
make
sure
that
we
were
more
focused
on
timelines
and
we're
keeping
people
up
to
date
on
when
things
are
going
to
happen.
But
having
said
that,
nothing
has
changed
so
we're
we're.
B
Looking
at
a
Keith
relaunch
for
multilateral
dye,
we're
looking
at
potentially
an
early
q3
launch
for
the
new
CDP
tools,
a
dashboard
with
a
whole
host
of
improvements.
I
wish
I
could
show
you
guys
some
of
the
amazing
things
that
are
that
are
there,
but
I
cannot.
One
of
the
questions
recently
was
whether
hardware
support
was
a
consideration
for
us
and
it's
a
it's
critical.
So
I
can
tell
you
guys
that
Leger
and
Tresor
and
meta
masks
and
mist
and
parody
are
all
working
in
the
new
dashboard.
So
exciting
times
are
coming.
B
B
That
was
an
interesting
question
that
you
raised
in
the
chat
and
I
said
it
would
be
hard
and
somebody
should
probably
go
and
do
that
which
might
have
been
a
slightly
dismissive
and
I've
been
thinking
about
it
since
then,
and
it's
it's
an
interesting
problem
that
we
need
to
support
price
feeds
for
dye.
Whereas
right
now
we
support
price
feeds
for
ether
and
maker
and
rep
so
I
don't
know.
Nick,
maybe
you'd
have
deeper
insight
into
that.
B
Problem
is
that
they
make
it
your
system
is
kind
of
reliant
on
arbitrage
and
for
why
shouldn't
a
reliant?
It's
one
of
the
several
components
of
complementary
sort
of
incentives
that
keep
this
thing
stable.
No,
but
for
effective
arbitrage.
You
kind
of
have
to
know
how
much
dye
is
trading
for
and
all
the
places
where
dye
is
available
and
coin
market
cap
is
not
the
most
reliable
source
in
the
world.
Some.
D
Bright
but
most
people
who
are
doing
this
arbitrage
or
not
manually,
right,
checking
the
price
on
coin
market
cap
and
then
going
over
there.
That's
something
an
individual
may
do,
but
an
individual's
not
trading.
The
lion's
share
of
volume
line
share
volume
is
being
done
by
box.
Basically,
who
are
you
know
basically
clearing
every
single
API
from
every
single
exchange
and
getting
the
the
data
directly
from
them.
They're,
not
relying
on
something
like
one
market
cap.
D
D
If
you
look
at
the
feed,
you
will
still
be
able
to
see
all
of
the
source
prices
and
potentially
that
could
have
a
nice
UI
attached
to
it.
I
can
kind
of
show
the
dye
price
on
all
these
different
sources
changes
just
just
throwing
it
out.
There
I
haven't,
haven't
thought
about
my
mush.
That's
pretty
cool
like.
D
Not
any
different
from
what
we're
doing
right
now,
I
mean
right.
It's
the
reason
why
the
the
USD
seeds
work
for
us
right
now
is
because
our
issuance
crisis
right,
one
die,
is
$1
right.
The
target
price
is
$1.
Therefore,
if
you're
trying
to
uphold
the
peg,
the
US
dollar
price
of
the
theorem
is
the
reference
price
you're
trying
to
use
anyway.
B
D
B
B
No
I
don't
know
not
from
a
high
level
personal
perspective,
I,
don't
think
I
think
the
there's
there's
been
a
lot
said
already
that
between
the
relative
merits
of
IR
use
and
collateral,
backed
and
seniority,
shares
and
I'm,
not
sure
that
I
have
any
deeper
insight.
Then
then,
what's
already
available
on
the.
B
B
B
Another
tribulation
yeah
Danny
Cohen
how
the
process
oh
and
the
responses
to
criticism
so
well,
yeah,
it's
it's
a
tough
one,
so
I
think
that
the
organization
we
plan
to
raise
the
debt
zone
before
we
hit
the
debt
zone
and
we
had
that
scheduled
to
actually
occur.
A
few
days
before
somebody
came
into
the
system
and.
E
B
Or
minted,
seven
million
died,
which
is
historically
completely
unprecedented.
Some
of
those
I
don't
know
if
I
want
to
call
it
a
Black
Swan,
but
we
obviously
did
not
see
that
coming
so
I
was
some
kind
of
small
the
the
actual
communication
around
it
could
have
been
improved,
but
yeah
it's
a
light
race.
One
we'll
go
with
that.
B
The
communication
could
have
been
better,
but
I
think
that
the
fact
that
we
pulled
it
off
and
we
did
it
the
right
way,
waiting
for
significantly
important
audit
to
validate
our
assumptions
and
taking
the
like
using
the
governance
mechanism
to
make
sure
that
the
thing
happened.
The
way
it
was
supposed
to
happen.
Those
were
all
sort
of
according
to
plan
so
that
you
know
the
communication.
I
think
is
one
of
those
things
where
communication
is
never
good
enough.
So
we
need
to
maybe
try
better
but
I'm
personally,
not
all
that
upset
of
another
way.
B
E
It's
also
important
to
note
that
there
seemed
to
be
some
perception
in
the
community
that
if
the
debt
ceiling
is
hit
like
some
you
know
there
was
other
like
global
settlement
whatever,
but
when
the
debt
ceiling
is
hit,
all
it
means
is
that
I
can't
be
produced
and
the
the
demand
for
died
right
now
and
the
amount
that
you
know
various
market
makers
have
in
reserves.
It
would
be
a
long
long
time
like
even
if
it
took
us
two
or
three
weeks
to
raise
the
debt
ceiling.
I
doubt
the
peg
would
have
been
in
trouble.
E
So
it's
it.
It's
I,
don't
want
to
say
it's
a
mountain
of
a
molehill
but
hitting
the
debt
ceiling
is,
is
not
some,
you
know
big
huge
event,
it
happens
and
then
you
you
deal
with
it.
I
think
it's
also
important
to
know
that
the
the
dev
fund
wasn't
used
in
voting
to
to
raise
the
debt
ceiling.
It
was
a
collection
of
maker
holders,
I
got
together
and
and
voted
on
a
new
proposal
and
the
proposal
will
succeed.
D
Yeah
and
and
I
mean
also
it's-
it's
not
like.
We
didn't
want
the
community
to
vote
like
the
tools
that
right
now
are
our
rather
crude,
at
least
from
a
user
experience.
Point
of
view
right,
if
you
are
a
very
technical
person
and
you
have
this
advanced
developer
environment,
set
up
like
there's,
there's
some
people
in
the
community
who
figured
out
how
to
vote
like
they
went
through
like
the
github
and
they
found
the
relevant
coding
bits
and
they
looked
up
contracts.
D
And
you
know
there,
there
were
some
very
smart
individuals
but
trying
to
world
that
out
to
the
community
in
a
safe
and
controlled
way,
while
were
under
pressure
from
this
kind
of
hitting
having
hit
this
debt
ceiling.
I,
don't
that
that
did
not
seem
like
the
right
way
to
go,
and
so
anyone
who's
like
critical
of
the
way
that
governments
was
done
at
that
point.
D
I
would
urge
you
to
kind
of
think
of
us
trying
to
at
least
like
protect
and
pay
all
holders
from
doing
something
wrong,
because
you
know
in
the
space
like
if
you
do
one
typo,
if
you
get
one,
you
know
a
number
that
you
use
in
fight
for
might,
instead
of
hex
form
or
all
kinds
of
stuff
right,
you
can
lose
everything
and
I.
Don't
think
when
we're
on
the
pressure
like
that,
we
should
be
trying
to
gamble
and
our
community
at
risk.
There's.
B
Sure
yeah
I
see
that
at
that
point,
I
think
that's
I
have
some
years
of
experience
with
governance
of
large
groups
of
stakeholders
and
I.
That's
definitely
the
case
James,
but
I
think
that
that
this
was
a
sort
of
a
one-off
situation
and
in
advance
of
the
sort
of
open-ended
governance
tools
that
we're
going
to
release
in
q3
I'm,
like
I,
said
I'm
not
terribly
upset,
with
the
way
that
it
went
and
I
think
that
we
did
things
sort
of
according
to
plan.
B
B
Yep
no
such
concerns
works.
Let's
move
our
partnerships
with
Dai
Fiat
gateways.
I,
don't
think
we
can
comment
on
on
upcoming
partnerships
like
that,
and
maybe
Ashley
can
correct
me
if
I'm
wrong,
because
she's
more
plugged
into
to
announcements
and
I
also
when
we
reach
I'm
with
Ashe
we
can
or
our
Ashley.
Can
you
comment
on
that
right
now?
Can
we
talk
about.
F
B
It's
always
tricky
giving
timelines,
but
I
think
that
I
think
internally,
our
confidence
is
pretty
high.
That's
something
cool!
It's
gonna
happen
in
the
next
four
to
six
weeks,
but
we
can't
really
tell
you
more
than
that.
So
it's
it's
one
of
those
announcements
of
announcements,
kind
of
things.
It's
may
not
be
super
satisfying,
but
it's
the
best
we
can.
We
can
do.
A
G
Yeah
yeah
yeah
hi
Vaughn
good
morning.
I
was
just
curious
because
a
lot
of
people
who
are
using
dye
they're
either
getting
into
it
or
we're
getting
out
of
it
and
whenever
you're
getting
into
it,
you
want
to
find
the
lowest
price
when
you're
getting
out
of
it.
You
want
to
be
able
to
buy
the
most
right
right
now.
G
B
B
I'm
reasonably
sure,
I've
seen
that
already
out
there
I
think
there's
no
morning
store,
have
an
arbitrage
generator
that
shows
you
I,
don't
know
it's
something.
We
can
dig
up.
Sorry
Ivy
when
I
was
talking
about
the
price
feeds.
What
I
wasn't
looking
for
or
I
wasn't
proposing.
We
just
presents
a
median
price,
as
part
of
the
mechanisms
of
the
auricles
are
interacting,
with
numerous
api's
to
figure
out
what
the
current
prices
are
at
those
locations.
So
that's
what
I
was
thinking
and
exclusion.
E
Yeah
I
think
that
that
tool
could
be
a
like
a
community
project
to
where
you
know
you
and
I
could
see
like
a
UI,
where
you
put
in
like
how
much
how
much
Dyer
looking
to
acquire
or
you
know,
sell,
and
it
would
be
like
well
get
this
much
from
you
know,
fit
tricks
and
this
much
from
BitFenix
and
you
know
kind
of
like
going
down.
I
think
it'd
be
really
really
cool
to
see.
I
could
I
think
I
got
really
cool
in
for
you,
I.
A
C
So
I
was
working
with
the
team
back
then
for
about
six
months
then,
and
then
I
was
really
really
interested
in
programming
and
just
I
guess
like
expanding
my
knowledge
base
in
order
to
be
more
of
an
asset
technically,
you
know
whether
that
be
eventually
in
the
future,
speaking
about
technical
topics,
gaining
understanding
around
them
or
figuring
out,
actually
just
programming
in
and
of
itself,
and
so
yeah.
So
over
the
past,
I
guess
whatever.
That
is
two
years
or
so
I've
been
kind
of
grinding
at
that
and
working
towards
towards
building.
C
My
repertoire
got
back
in
touch
with
Andy
and
was
working
over
at
DAP
hub
for
a
stint
building
a
couple
of
chat
BOTS,
and
so
we
kind
of
got
into
discussions
about
chat,
BOTS
and
in
their
importance
in
a
remote
organization
and
how
you
know
realistically,
because
there
isn't
one
central
office
where
you
know
all
tap
of
employees
or
all
maker
employees
can
all
get
together
in
one
exact
space.
Really
the
chat,
kind
of
works
as
a
rock
chat
works
as
a
hub
and
then
office,
so
to
speak,
kernel
company
internet.
C
So
we
were
kind
of
playing
around
with
ideas
of
really
you
know,
sitting
our
scopes
on
productivity
and
how
to
you
know,
build
tools,
and
you
know
different
different
programs.
That
would
essentially
make
life
easier
for
people
who
are
working
remotely
or
are
interested
in.
You
know
trying
to
exchange
information,
other
people
and
a
really
like
streamlined
way
so
yeah.
C
So
that's
a
little
bit
of
my
history
and
then
I
think
I
think
it
was
about
four
months
ago
is
when
I
joined
the
maker
team
again
officially
and
I'm
kind
of
just
following
that
same
process,
so
working
really
closely
with
Andy
working
really
closely
with
Mariano
and
getting
getting
set
up
there
with
the
tech
ops
team,
which
is
kind
of
a
team.
That's
a
bit
of
a
mixed
bag,
but
based
around
essentially
streamlining
processes
for
other
people
at
maker
in
devising
ways
to
kind
of
help
make
their
make
their
job
easier.
A
B
D
B
C
Yeah
I
think,
obviously,
security
is
a
priority
and
making
sure
that
you
know
everything
is
gravy
on
the
security
side.
I
think
once
that,
obviously
there's
that
prototyping
phase,
where
you're
essentially
just
blurting
out
you
know
a
solution
and
trying
to
get
it
down
on
on
on
paper.
So
to
speak,
but
in
a
program
then
there's
that
review
process
of
obviously
making
a
cleaner
and
revising
it
and
then
hopefully
getting
insight
from
other
people
deciding
whether
or
not
it
is
truly
secure.
C
There
are
any
security
flaws
or
issues,
but
once
all
of
that
has
been
completed,
the
great
part
about
rocket
chat,
which
is
what
maker
uses
for
their
internal
chat
system,
is
that
it's
a
really
open
community
and
a
lot
of
bots
are
shared
publicly
and
it's
really
easy
to
share
box.
So
I
think
that
would
be.
C
You're
using
chat
technology
like
slack
or
fire
camp
I
believe
campfire
or
there's
blow
they're
out
there,
but
the
bot
system
I
would
be
using
the
right
that
would
be
Hugh
bot,
which
is
an
underlying
technology,
that
a
lot
of
bots
are
built
on
top
of.
So
that's
really
shareable
in
between
chat,
different
chat
platforms,
so
I
think
seeing
it
as
a
more
of
an
open
source
project,
or
you
know,
spinning
exit
public
so
that
people
can
jump
in
revise
it
and
use.
It
is
definitely
definitely
an
option.
Cool.
B
C
No
worries
yeah.
If
anybody
has
any
external
ideas
as
well,
something
that
would
support
maker
or
maybe
it's
you
know,
they're
making
it
maker
employee
band.
That's
here
on
the
call.
What
have
you,
if
you
guys,
have
process
streamlining
ideas
that
would
make
your
guys's
jobs
easier,
something
that
is
preferably
oriented
to
chat,
but
it
could
be
otherwise
like.
Let
me
know
we're
kind
of
building
out
a
list
and
ranking
them
in
terms
of
priorities,
but
yeah
all
welcome
to
any
and
all
ideas
for
sure.
B
F
Sure,
hey
guys
so
nice
to
meet
all
of
you.
I
am
I
work
on
the
business
development
team
here
at
Maker,
so
my
role
is
basically
to
spread
the
gospel
and
as
part
of
that,
I'm
constantly
bragging
about
our
fantastic
community
and
how
involved
so
it's
nice
to
finally
meet
the
meet
the
people
that
making
that
happen.
So,
thanks
for
being
here,
I
joined
maker
a
few
months
ago,
it
equals
April
1st
to
basically,
as
I
mentioned,
spread
the
word
up
until
last
December.
F
A
reformed,
reformed
finance
person
spent
my
first
bit
of
my
career
in
banking,
world
FinTech
and
the
last
two
years
as
an
investor
for
a
family
office
and
private
equity
and
VC,
but
I've
always
been
interested
in
watching,
not
not
always,
but
since
2013
3,
2013
or
so,
and
so
it's
it's
nice
to
be
here.
I.
F
They
help
the
cross-border
settlement,
pretty
much
anything
that
you
can
imagine
in
a
small
and
medium-sized
business
as
regards
cross-border
or
counters
even
will
type
payments,
and
they
are
a
very
innovative
company.
They
just
raised
250
million
dollar
round,
which
is
led
by
Goldman
Sachs,
so
you
know
they're
very
successful
already,
but
what
they
are
really
good
about.
F
Something
is
sort
of
looking
ahead
and
how
can
they
continue
to
support
their
customers
with
the
technologies
that
are
available
to
them
so
the
way
that
our
partnership
with
trade
shift
works
right
now
and
it's
kind
of
going
to
evolve
over
time,
but
essentially
they've
implemented
a
program
called
trade
shift
cash
whereby
small
businesses
can
essentially
tokenize
their
accounts,
receivable
I'm
sort
of
at
a
granular
level.
So
let's
say
you
know,
they've
they've
sent
a
bunch
of
lumber,
you
know
across
the
seas
and
are
we
waiting
payment
on
that?
F
B
That's
one
of
the
parts
that
fascinates
me
the
most
because
we
were
provided
to
get
huge.
We
need
to
have
coconuts
the
world
kind
of
thing
happening,
but
tokenizing
the
world.
It
is
super
hard,
super
complicated
and
it
takes
an
organization
with
with
mind-boggling
sophisticated
processes
at
them,
and
trade
chef
seems
to
be
uniquely
positioned
to
take
care
of
that
kind
of
complexity,
which
is
amazing
to
me.
F
So
you
know
trade
ship
that
it
has
already
kind
of
started
some
market.
This,
let's
call
them
else
when
you
guys
so
neat
selects
a
if
you
want
to
take
a
closer
look
and
these
furs.
Someone
else
is
questioning
the
chat,
a
be
tokenized
accounts,
receivable
isn't
as
crazy
as
it
might
sound.
So
in
the
business
girl.
This
is
typically
the
way
that
people
can
finance
and
goods
best
achieve
liquidity
against
their
accountants.
F
Evil
is
what's
known
as
factoring
so
let's
say
you
sell
something
and
you
send
an
invoice
for
thousand
dollars,
but
you
need
to
continually
repurchase
more
inventory,
so
you
continue
to
make
more
sales,
so
you
can
make
a
spread.
You
can
actually
sell
that
thousand
dollar
a
piece
of
debt,
a
thousand
dollars
that
your
own,
your
own,
rather
to
other
third
parties,
will
buy
it
at
a
discount
and
wait
and
take
that
time
risk
in
order
to
collect
on
it,
so
that
you
can
achieve
validity
right
then.
F
So
this
is
already
a
process
that
takes
place
in
the
regular
world
and
across
the
supply
chain
everywhere
it
James
said
payday
loans
for
business,
exactly
except
hopefully
you
know
less
shark-like
in
those
cases,
but
but
yeah
and
and
I
guess
what's
interesting.
Is
that
over
time
you
can
see
that
if
so
right
now
accounts
receivable
are
really
only
sold
to
businesses
that
are
set
up
to
do
that
right,
a
regular.
F
You
know
user
like
myself
or
leave
when
you
go
out
into
the
marketplace
and
say:
okay,
great
we're
gonna
buy
some,
you
know,
accounts
receivable
for
lumber
or
rebar
or
whatever
it
is
in
this
tokenized
market.
This
actually
broadens
and
expands
the
scope
of
of
people
who
are
actually
able
to
acquire
these
things,
and
that
will
ultimately,
we
think
bring
bring
the
costs
of
borrowing
down
for
small
businesses
which
can
have
you
know
huge
implications
across
the
global
supply
chain.
G
Sorry,
yeah
so
I
understand
the
content
of
accounts,
receivable
I'm,
just
a
little
bit
unsure
of
what's
going
on
there.
If
you
don't
want
kind
of
recapping
here
so
I
understand
that
you
know
you
make
a
sale
and
there's
a
month
or
a
few
weeks
before
you
get
the
money
in.
So
what
you
do
is
just
insurance
things.
Someone
buys
off
the
debt,
for
you
gives
you
like
ninety
five
percent
of
the
money
you
need.
G
So
if
you
continue
your
business,
that
totally
makes
sense,
I'm
really
trying
to
see
where
died
or
maker
or
CDP's
come
in
to
make
this
process
more
efficient
and
how
this
like,
very
legal,
like
real
world
thing.
This
is
these
are
all
contracts
that
are
backed
by
like
regulations
and
legal
jurisdictions.
How
can
that
be
used
in
the
crypto
space,
which
is
very
much
about
bearer
instruments
and
sort
of
global
like
non-legal,
five
entities?
So
if
you
could
kind
of
clarify
that
that'd
be
great
yeah.
F
No
question
that
there
are
lots
of
legal
and
we're
looking
at
a
variety
of
different
types
of
security
tokens.
Everything
from
you
know:
tokenized
real
estate
to
tokenize
commodities,
and
so
there,
of
course,
lots
of
legal
questions
that
need
to
be
answered
all
over
the
space.
But
the
method
of
tokenizing
these
is,
is
actually
not
as
as
difficult
as
one
might
imagine
right.
It
is
sort
of
in
a
way
much
like
a
bearer
bond
and
it
entitles
the
owner
to
the
revenues
from
that
process.
F
F
When
that,
whenever
that
user
receives
payment,
I
then
receive
it
and
I
automatically
I
can
we'll
have
a
fiat
on
off-ramp,
so
it
could
even
be
done
seamlessly
to
where
it's
transferred
to
dollars,
but
essentially
it
gives
you
the
ownership
of
whatever
are
the
proceeds
from
from
that
that
outstanding
invoice
and
there
are
going
to
be
several
different
things
that
have
need
to
be
done
with
smart
contracts
in
order
to
and
we're
working
with,
trade
ships,
tech
team
to
move
those
things
out.
How?
But
it's
not
as
complex
as
as
you
might
think
so.
B
F
So
trade
shift
will
be.
You
know.
It
says
right
here
on
their
website
that
I
sent
in
trade
ship
cash,
that
trade
ship
can't
use
the
English
in
business,
history,
Andhra,
Jets
and
match
your
needs.
So
you
will
there
will
be
sort
of
managing
the
reputations
of
users
that
are
using
this
service,
which
you
know
is
helpful,
but
ultimately,
as
we
tokenize
bundles,
become
used
for
collateral,
it'll
be
able
to
our
risk,
keen
and
and
the
MKR
token
holders
to
fully
verify
the
risk
associated
with
these
types
of
assets
before
allowing
it
on
his
collateral.
B
F
F
F
So
what
it
will
do
is
open
it
up
to
that
market,
but
also
create
a
way
for
other
types
of
users
that
are
not
necessarily
global
business
concerns
to
come
in
and
and
bid
on
those
as
well
and
be
involved
in
that
process.
So
for
right
now,
trade
shift
is
planning
will
build
out
that
marketplace,
but
I
think
you
know
part
of
the
ideas
that
other
builders
and
developers
can
build
different
types
of
b2b
or
b2c
or
seem
to
be
rather
marketplaces.
Where
you
know,
you're
I
could
participate
in
those
markets.
F
Right
and
then
the
Trisha
excuse
me
did
trade
ship
to
birch
maker,
or
was
it
the
other
way
around?
So
trade
shift
was
introduced
to
roon,
if
I'm
not
mistaken
by
a
third
party,
but
they
were.
They
have
been
talking
about
blockchain
solutions
in
their
business
for
some
time,
I'm
blanking
on
when
they
actually
first
met,
but
it
wasn't
a
pretty
immediate,
pretty
immediate.
You
know
Eureka
moment
where,
okay,
this
is
what
we've
been
looking
for,
and
you
know
one
comment
to
add
to
that:
is
it's
been
really
cool
to
see?
F
You
know
a
lot
of
projects,
they
announced
these
partnerships
and
it's
sort
of
like
okay,
we're
just
gonna
slap,
this
brand
name
on
our
on
our
blockchain
project,
but
it's
been
really
cool
to
see
how
involved
trade
ship
has
been
in
this
process.
Our
teams
have
met,
you
know
overseas
and
here
multiple
times,
and
they
are
very
excited
about
it
and
are
putting
a
lot
of
resources
toward
building
out
these
capabilities
and
another
to
Jordan's
last
question
so
I
would
be
able
to
bid
with
dial
and
trade
shows
website.
F
F
B
F
B
F
F
And
if
I
could
just
one
quick
love
again,
thank
you
guys
so
much
for
for
being
here.
We
as
I
mentioned
business
development
team.
We're
always
looking
for
you
know
anyone
in
your
personal
networks
that
you
think
their
projects
could
be
a
good
user
of
died
or
integrate
CDP's
in
any
way
or
you
know,
could
even
potentially
be
a
credit
user.
Please
don't
hesitate
to
reach
out
I'll
just
put
my
Mountain
Jack.
B
That's
a
great
that's
a
great
point.
Maybe
I'm
gonna
throw
another
question
I
before
we
shut
it
down.
So
a
lot
of
the
partnerships
that
we've
seen
so
far
have
been
kind
of
leveraging.
What
a
stable
coin
can
do
for
them.
So
it
has.
There
been
much
interest
from
other
organizations
about
how
to
use
CDP's
in
their
businesses.
F
So
there
are
a
few.
There
are
a
few
things
that
that
really
comes
in
mind,
as
I
mentioned
earlier,
we're
talking
to
a
lot
of
different
types
of
securities,
token
providers.
You
know
some
of
the
big
names
that
you
probably
heard
about
a
lot
of
these
are
around
thing
is
like
the
stay
or
commodities
contracts,
etc,
and-
and
they
are
kind
of
actually
really
interested
in
how
they're.
F
Crypts
of
different
crypto
assets
right
now,
it's
mostly
the
ones.
You
know
the
ERC
20s
that
you
know
about,
but
I
think
they're
looking
to
bring
in
other
types
of
non
funds,
equal
tokens
and
securities.
So
games
at
some
point,
they're
actually
going
to
airboat
on
their
roadmap,
is
to
index
these
index
these
tokens
in
an
in
an
actual
basket
so
that
those
can
be
collateralized
on
our
system.
So
you
can
think
instead
of
just
having
one
collateral
type,
you
know
an
ether
CVP
and
a
you
know:
digit
CVP,
etc.
F
You
could
actually
have
a
basket
of
different
assets
and
you
decrease
the
volatility
that
way.
So
that's
a
big
selling
point
for
them
as
well.
We're
also
talking
to
some
Jex's
about
integrating
CDP
so
that
they
can
offer
margin
to
their
customers
without
actually
having
to
manage
that
risk
themselves
and
to
sort
of
greatly
reduce
the
cost
of
borrowing
on
margin.
F
F
B
B
Right,
I
think
that
we're
coming
up
on
two
minutes
left.
So
if
anybody
has
any
absolutely
last-minute
questions,
we
could
possibly
get
to
them,
but
otherwise
I
think
we're
gonna
shut
it
down.
So
thanks,
Ashley
thanks
Jess
thanks
Ian
for
showing
up
it
was
a
great
meeting.
I'll
be
posting
this
on
YouTube
tuned,
so
everybody
can
check
it
out
and
see
how
they
look.