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From YouTube: Blockchain, Peerplays DEX & More!
Description
In this video Peerplays' Jonathan Baha'i tells us how blockchain is impacting the world we are living in, from our freedoms to monetary policy. He also dives into Peerplays' progress and what is next for the project.
A
So
I
guess
the
first
place
you
want
to
start
would
be
the
fact
that
it's
actually
decentralized-
and
I
think
I've
talked
about
this
a
few
times
now.
When
you
look
at
dexes,
they
are
mostly
in
the
core
of
a
dax
there
should
it
should
be
on
chain,
but
when
it
comes
to
the
entire
ecosystem,
there's
often
times
a
place
where
it
isn't
actually
decentralized.
A
So,
for
example,
you
have
the
blockchain
layer
right
of
the
decks,
so
we'll
just
call
this
dex
right,
and
so
then
the
dex
is
connected
using
a
user
interface
right
and
it's
important
that
all
of
this
is
actually
decentralized,
because
what
often
happens
is
that
you
have
a
user
interface
that
isn't
decentralized,
and
then
you
have
a
dex
which
is
on
chain
that
is
decentralized
sometimes,
but
in
terms
of
features
you
got
to
make
sure
that
it's
that
it
is
actually
decentralized.
A
But
when
it
comes
to
trading
right
now,
I
would
say
that
the
most
important
feature
to
have
is
at
least
to
have
spot
trading,
which
is
probably
one
of
the
most
pure
forms
of
trading.
There
is
right
now
versus
leveraged
trading,
which,
as
we
know,
is
very
popular,
but
it's
also
what
causes
everybody
to
get
wrecked
all
the
time.
A
There's
there's
big
gains,
but
there's
also
big
losses.
So
I
would
say
that,
in
terms
of
features
you
want
to
ensure
that
the
entire
ecosystem
is
actually
decentralized
and
usually
when
it
comes
to
the
ui.
A
That's
where
a
lot
of
these
projects
just
fail,
they
they
aren't
actually
decentralized,
and
what
could
happen
is
that
when
it
comes
to
what
the
user
is
seeing
compared
to
what's
on
the
decks
can
be
different
and
when
the
orders
get
fulfilled,
then
you
actually
you
end
up
with
something
that's
slightly
off,
if
not
possibly
manipulated
so
having
the
ui
and
having
the
decks,
be
something
that
is
also
decentralized.
A
So
if
you're
going
to
a
ui
for
a
dex
and
you're
signing
some
kind
of
a
terms
and
conditions
anywhere,
it's
not
a
dex.
So
you
want
to
make
sure
that
that's
not
the
case.
But
if
it's
something
where
it's
just
a
tool
of
like
a
graphical
interface
that
anybody
can
access,
then
and
there's
not
any
kind
of
terms
or
conditions
that
are
attached
to
it,
then
you
know
you
got
something:
that's
open
and
fair.
A
It's
it's
a
different
kind
of
of
an
approach,
but
the
the
decks
in
pure
plays
takes
much
more
of
a
liking
to
how
most
people
are
used
to
trades
and
understanding
an
order
book
where
there's
an
order
placed
on
one
side
an
order
placed
in
another
side,
and
if
there
is
a
match,
then
that
is
when
there's
actually
a
trade
that
takes
place
right.
So
that's
when
they
will
actually
have
an
exchange
and
the
value
is
transferred.
A
So
what
happens
now
is
the
consensus
in
pure
plays
is
made
up
of
it
includes
advisors
or
a
type
of
a
committee
right,
and
so
the
committee
is
elected
by
the
consensus
of
of
the
ppy
holders,
and
what
will
happen
is
that
a
number
of
them
would
be
elected
and
what
they
can
do
is
they
are
then
elected
specifically
to
be
able
to
create
proposals
which
can
change
the
fee
structure
within
the
blockchain.
A
So
if
the
advisors
decide
okay,
the
price
of
an
order
like
if
you're
the
the
fee
for
an
order
will
be
something
like
.001
ppy,
for
example
right
and
if
that
happens,
to
be
worth
say
five
cents
at
the
at
the
time
that
they
do
that
what
they
can
do
is
they
can
actually
make
a
proposal
to
the
blockchain
right
and
when
the
proposal
is,
is
put
into
the
chain,
all
of
the
advisors
have
to
vote
on
it
and,
if
there's
a
consensus
among
them
all,
then
that
fee
goes
into
effect
within
the
next
hour,
so
it
it
happens
very
quickly
and
it
can
allow
for
the
the
chain
to
be
very
agile
in
terms
of
responding
to
market
fees.
A
Now
the
slow
part
of
this,
of
course,
is
that
it's
done
by
people
advisors
and
these
are
elected
by
the
the
voters
in
order
to
ensure
that
it's
being
kept
up.
Generally
speaking,
the
changes
to
the
to
these
fee
structures
don't
happen
very
often
from
my
experience.
It
happens.
Maybe
once
every
quarter
to
six
months
at
most
and
it's
it's
really
just
to
ensure
that
if
the
price
of
ppy
was
to
get
very
high,
then
or
very
low,
then
the
fees
are
are
matching
closely
in
order
to
counter
the
supply.
A
So
it's
a
it's
a
anti-inflationary
measure
and
of
course
the
cost
of
being
able
to
trade
on
pure
plays
is
basically
pennies
and
it's
it's
not
like.
It
is
in
ethereum,
where
I
went
to
do
a
transaction
today
as
a
matter
of
fact,
and
it
was
going
to
cost
me
a
hundred
and
fifty
dollars
an
e
to
do
it.
So
I
I
didn't,
do
it,
but
but
yeah,
so
the
advisors
are
the
ones
that
would
do
that.
A
That
is
the
way
the
chain
works
today
there
are,
there
is
work
being
done
in
order
to
update
the
protocols
so
that
this
will
all
become
something.
That's
more
automated,
that's
part
of
the
proof
of
pulse
consensus
so
that
we
don't.
We
don't
have
an
advisor
group,
that's
doing
this.
Instead,
it's
going
to
be
handled
throughout
the
entire
chain
and
every
in
every
ppy
holder.
A
When
you
don't
have
systems
that
allow
for
transparency,
then
you
end
up
with
situations
like
this.
Where
you
you
have
a
world,
that's
basically
not
trusting
anything
at
this
stage,
there's
not
a
lot
of
things
with
what's
going
on
that,
a
lot
of
people
have
a
lot
of
faith
in
now,
and
so
you
have
this
crumbling
of
institutions
and
it's
because
they're
they're
antiquated,
and
there
there's
a
lot
of
backdoor
deals
going
on.
So
when
you
have
that
kind
of
an
environment
and
you
introduce
a
blockchain
to
it,
you
you
change
the
game.
A
You
actually
change
the
system
and
you
introduce
a
system
where
accountability
becomes
the
norm
and
where
transparency
is
the
standard,
and
if
you
have
that
kind
of
governance
in
place
in
the
world
and
the
way
that
can
change.
It
is
tremendous
now
what's
happened,
for
example,
with
bitcoin
in
being
introduced
to
the
world
that
has
introduced
transparency
and
monetary
value
right
instead
of
us
wondering
how
much
quantitative
easing
the
government's
gonna
dole
out
with
free
printed
money.
A
We
know
there
will
always
be
21
million
bitcoin
and
that
the
value
against
that
to
everybody
who's
using
it
in
the
world
is
going
to
likely
increase.
But
we
know
there's
only
21
million
bitcoin.
We
don't
have
to
worry
about
the
possibility
of
somebody
manipulating
that,
and
we
know
that
in
terms
of
monetary
policy,
that's
gone
awry
like.
I
think
it's
something
like
80
percent
of
all
us
dollars
were
printed
in
the
last
year.
A
So
these
kind
of
systems
in
terms
of
what
what
blockchain
offers
is
a
way
for
people
to
actually
have
a
consensus
with
the
system
that
they
can,
that
they
can
actually
put
their
trust
in
and
it's
interesting
because
we're
actually
trusting
a
protocol
versus
trusting
people,
and
these
are
for
things
that,
generally
speaking,
you
don't
want
to
have
people
empowered
with,
because
at
the
end
of
the
day,
with
that
kind
of
control,
it
ends
up
creating
a
kind
of
situation
where
you
have
a
master
slave
sort
of
class
and
we've
seen
that
happen.
A
Where
there's
the
whole
thing
of
of
wealth
now
accumulated
in
a
single
one
percent
in
the
world
and
that's
because
they
have
control
of
the
money
supply.
So
the
world
changes
significantly
when
you
introduce
blockchain
technology
to
it
and
everywhere
around
the
world.
You
see
countries
now
adopting
bitcoin
again
using
blockchain
tech
to
be
able
to
get
away
from
the
corruption
that
surrounds
their
monetary
systems.
A
Basically,
these
systems
are
crumbling
around
us
and
it's
it's
it's
coming
to
game
over
for
fiat
currencies
and
now
we're
getting
into
another
stage
and
there's
an
opportunity
to
be
able
to
move
to
these
new
open
protocols
that
are,
you,
know,
rules
without
rulers
and
allows
for
differing
groups
and
countries
and
and
companies
to
be
able
to
have
a
to
be
able
to
have
a
settlement
layer
per
se
that
isn't
going
to
be
in
the
control
of
any
one
entities
and
and
being
of
course,
moved
towards
their
interests.
A
That's
what
happens!
Historically,
that's
what
we've
seen
happen
up
until
today
and
it's
it's
coming
to
an
end,
and
so
now
they're
looking
at
introducing
new
systems
when
it
comes
to
blockchain
technology,
it
it
doesn't
have
any
morals
or
ethics.
Instead,
it's
it's
just
a
protocol,
and
it's
how
you
apply
it.
There's
two
things
happening
in
the
world
now
today:
we're
seeing
some
governments
looking
to
introduce
cbdc's,
which
are
controlled
systems
where
they
will
have
even
more
control
over
how
their
money
is
printed.
A
And
then
there
is
bitcoin,
which
is
an
open
and
free
network
which
allows
for
freedom
of
anybody
to
be
able
to
transact
in
a
cbdc
network
where
governments
have
created
it,
you
have
social
credit
systems
which
are
going
to
make
it
so
that
they
can
manipulate
your
behavior
and
decide
what
kind
of
ways
you're
going
to
vote
or
or
what
kind
of
ways
you're
going
to
live.
Based
on
based
on
that
and
then,
meanwhile,
you
have
something
like
bitcoin,
which
is
just
an
open
layer
that
allows
for
anybody
to
transact
and
there's
nobody.
A
That's
going
to
be
able
to
take
it
away
from
you.
So
two
different
kinds
of
systems
emerging
which
one's
going
to
win.
I
think
both
will
exist.
But
at
the
end
of
the
day
I
would
rather
be
on
the
side
of
freedom
pure
place
in
the
blockchain
ecosystem
is
meant
to
humanize
crypto,
and
when
we
talk
about
that,
that's
something
which
is
pretty
much
missing
from
every
single
crypto
project
that
exists
right.
Now.
A
It's
generally
really
more
focused
on
the
kind
of
left,
brain
sort
of
sort
of
approach,
where
everything
is
all
about
the
math
or
about
the
crypto.
Mechanics
very,
like
I
said,
very
logical
in
terms
of
their
approach.
Meanwhile,
there's
the
right
side,
brain,
which
is
the
creative,
more
emotionally
intelligent
side
of
how
we
think
and
trend
wise.
The
world
is
moving
more
to
a
more
holistic
kind
of
approach.
A
You
could
say
like
instead
of
left
and
right
brain,
it's
more
of
a
whole
mind
type
of
a
approach
to
to
how
they
they
want
to
live.
People
are
now
not
just
wanting
wanting
for
things
they're
now
wanting
meaning,
and
so
what
we're
doing
with
peer
plays
is
we're
we're
creating
an
ecosystem
where
we
are
going
to
be
connecting
with
all
the
other
blockchains
that
are
in
the
ecosystem,
so
that
we
can
provide
a
sort
of
emotionally
intelligent
layer.
A
You
might
say
you
could
call
it
a
us
really
focusing
on
the
human
equation
when
it
comes
to
working
with
blockchains,
because
when
people
think
about
blockchains,
they
really
really
really
focus
on
the
tech.
But
part
of
the
tech
includes
creating
consensus
right
amongst
people,
and
the
people
part
is
the
part
that
is
often
neglected
or
it
is
replicated
based
on
what
we
know
in
centralized
systems
in
pure
plays.
A
What
we're
doing
is
we're
we're
focusing
on
the
human
equation,
part
of
things
and
being
able
to
give
people
a
choice
on
working
with
the
existing
systems
that
are
out
there
or
being
able
to
have
a
consensus
which
is
based
on
a
more
human
approach,
meaning
that
we
make
it
much
more
connected
to
the
way
people
work
rather
than
being
mechanical
in
terms
of
the
approach.
The
biggest
challenges
right
now
with
peer
plays,
has
to
do
with
essentially
building
out
the
network
infrastructure
that
supports
peer
plays.
A
So
for
the
past
few
years
we've
been
in
more
of
a
development
phase,
and
so
with
that,
as
the
chain's
been
operating,
there
hasn't
been
a
lot
of
activity,
but
right
now
there's
the
opportunity
to
introduce
the
decks
and
with
that
we
need
to
have
more
witnesses,
and
so
anybody
can
become
a
witness
and
the
peer
plays
blockchain
is
open
and
decentralized
right.
You
just
need
to
have
the
voting
support
of
the
ppy
token
holders
and
then
there's
also
becoming
a
funds
node
right
and
so
with
the
sun's
node.
A
A
So
there's
hive
and
there's
also
hive
back
dollars
becoming
a
witness,
allows
you
to
be
able
to
be
a
block
signer,
essentially
in
the
blockchain,
and
that
allows
you
to
be
able
to
help
with
ensuring
that
the
chain's
moving
becoming
a
sun's
node
like
I
said
that
allows
that
that
enables
you
to
actually
sign
transactions
connected
to
transfers
that
handle
bitcoin
or
handling
hive
and
high
back
dollars,
and
again
you
would
also
earn
ppy
from
these
activities.
A
These
are.
These
are
very
important
to
the
network
right
now.
We
want
to
make
it
more
robust,
so
we
are
definitely
encouraging
people
to
become
sons
and
witness
node
operators
in
the
network,
those
that
do
become
they
become
more
proficient
in
understanding
how
pure
place
works
and
they
become
a
little
bit
of
superstars
in
the
like
in
terms
of
the
community
right.
A
A
The
main
thing
that
peer
plays
is
work
is
focused
on
right
now
is
looking
at
how
we
can
get
more
witnesses
and
sons
to
increase
the
decentralization
and
make
it
so
that
the
the
network
is
actually
anti-fragile,
and
that
will
continue
in
the
short
term
and
then
following
that,
of
course,
we're
going
to
we're
continuing
to
upgrade
with
our
upgrade
our
protocols
that
are
going
to
enable
more
than
just
these
kinds
of
consensus.