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From YouTube: PSF TSC Meeting - 05-25-22
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B
B
Okay,
youtube
live
link
into
the
telegram
channel
and
appreciate
it.
If
you
guys
can
help
me
monitor
comments
in
the
youtube
and
then
telegram.
B
Yeah
you
guys
go
ahead
and
do
your
thing
welcome
everybody
who
is
attending
watching
this
recording,
later
or
or
watching
the
live.
B
B
I
will
share
out
a
link
to
the
agenda
in
the
telegram
channel
again.
Just
so
everybody
has
it.
B
And
let's
go
ahead
and
do
a
round
of
introductions.
I
will
start
I'm
chris
troutner.
I
founded
the
permissionless
software
foundation
with
some
of
these
lovely
gentlemen
here
and
I
maintain
fullstack.cache,
which
is
infrastructure
as
a
service
and
I'm
the
head
janitor
love
that
title
aaron
shoemaker.
Why
don't
you
go
ahead
and
do
an
introduction?
My.
C
Name
is
aaron
shoemaker.
I
work
with
the
token
stuff,
I'm
you
know
we're
following
code.
We
made
a
a
mutable
token.
Last
friday.
I
don't
know
if
you
got
to
watch
that
chris
and
then
I.
C
Yeah
and
then
right
now
working
on
developing,
I
feel
ipfs
cluster
network
decentralized,
pinning
so
that
people
can
join,
run
nodes
and
hopefully
gain
slp
tokens
as
a
way
to
pin
to
clusters.
So
we
want
to
utilize
the
psf
technology
to
do
that.
B
D
Sam,
why
don't
you
introduce
yourself
sam?
I
am,
I
am
a
psf
contributor
and
I've
been
playing
with
with
smart
contracts
this
week,
so
hope
to
talk
about
that
later.
E
Hey
aaron
here,
a
big
fan
of
psf
and
all
the
work
that
you
guys
have
done.
Do
I
sound
like
a
chipmunk.
E
B
Saw
some
laughter
or
something.
E
Like
that,
and
I'm
glad
to
be
a
part
of
this
good
work,
every
team-
everybody
t
chris,
the
amount
of
work
you've
done
recently
on
putting
together
like
strategies
on
this
is
amazing.
So,
thanks
for
everything
you're
doing,
I
appreciate
it.
E
Yeah
go
ahead.
David
dowling.
B
F
In
a
bit
of
time,
I
am
a
supporter
of
the
permissionless
software
foundation
since
the
early
days,
and
lately
I've
been
most
spending
most
of
my
time
in
3d
land
and
with
my
oculus,
which
I'm
wearing
and
also
exploring
taos.
F
This
whole
notion
of
people
working
together
in
unrestricted
space
and
it's
it's
kind
of
interesting,
there's
pros
and
cons
on
all
sides
of
it,
but
it
all
seems
to
apply
to
the
work
we've
been
doing
or
been
watching
going
on
in
the
crypto
space
with
software
development.
So
it's
yeah.
It's
all
pretty
interesting
and
I'm
happy
to
be
here
today.
B
A
D
A
C
B
Yeah
right
on
hey
man,
if
there's
a
bug,
exploit
it
yeah,
I
I
couldn't
watch
because
I
was
in
a
forest
in
a
remote
part
of
eastern
oregon
and
so
yeah.
I
was
bummed
to
miss
that,
but
now
that
I'm
back
to
civilization,
I
can
I
can
re-watch
it.
They.
B
All
right,
well
with
that,
I
will
share
the
agenda
and
we
can
get
started
on
that.
B
Okay,
so
just
a
little
housekeeping
reminder
that
I
do
every
every
time
we've
got.
We
file
our
agendas
on
github
under
the
permissionless
software
foundation,
github
group
in
a
repository
called
tsc
for
technical
steering
committee.
We
file
them
as
as
issues
and
we
post
the
links
to
the
zoom
meetings
into
the
youtube
channel
and
the
time
when
we
have
them.
B
The
scope
of
the
meeting
covers
this:
basically,
everything
that
that
is
documented
in
cash
stack,
dot
info
the
website,
all
the
what
that's
what's
considered
the
core
psf
software,
and
so
it's
the
agenda's
a
little
light
today,
but
the
items
are
heavy.
So
what
I
want
to
do,
there's
a
bunch
of
nft
stuff
I
want
to
get
to,
but
before
we
get
to
that,
I
really
want
to
review
this
psfoundation.info
site.
So,
as
I
mentioned,
I
was
I
was
in
this
remote
area
for
the
last
week
with
no
internet.
B
So
I
had
a
lot
of
time
to
think
and
I
reread
working
in
public
by
nadia
ekball
for
like
the
third
time
and
managed
to
get
enough
of
a
connection
to
get
a
little
bit
of
dialogue
with
some
of
you
guys
and
just
just
really
thinking
about
the
architecture
of
the
psf
and
and
the
goals
of
the
psf
and
the
mission
and
and
the
money.
How
are
we
going
to
make
some
money?
B
And
so
I,
what
I
want
to
do
is
just
go
through
the
these
pages,
and
I
want
you
guys
to
interrupt
me
anytime.
You
have
a
comment
and
and
we'll
talk
about
it,
because,
because
what
I
really
want
to
get
is
your
feedback.
B
So
that's
that's
why
I
want
to
spend
some
time
so
yeah,
so
I'll
just
start
going
through
it,
so
that
the
first
page
just
is
an
introduction
to
it
and
links
to
the
cache
stack
which,
from
a
technical
side,
so
the
cache
stack
dot
info
is
more
about
the
technical
explanation
and
then
ps
foundation.info
is
going
to
replace
the
old
business
plan.
It's
it's
more
of
a
high
level
like
what
is
the
psf
about
and
because
you
guys
are
the
psf.
We
are
all
the
psf.
B
That's
why
I'm
very
interested
in
your
input.
Certainly
I
want
to
hear
if
any
of
this
does
not
resonate
with
you,
so
the
mission
hasn't
changed.
The
mission
stayed
the
same.
Our
mission
is
to
in
fact
want
to
make
this
a
little
bigger.
B
B
So
all
the
software
we
create
is
is
in
service
of
that
mission
and
just
a
little
thing,
if
you
guys
find
something
that
you
don't
like
how
it's
worded
or
you
just
want
to
contribute
to
it
all
the
pages
have
this
edit
this
page
button,
it's
just
a
pull
request
in
github
to
make
an.
A
B
B
I
I
think
what
I'm
trying
to
do
is
find
a
balance
between
openness
and
efficacy,
so
I
tend
to
focus
on
bitcoin
cash,
because
it's
what
I
know
and
and
then
ecash
I
also,
but
I'm
trying
to
mitigate
this
platform,
risk
of
putting
all
your
eggs
in
one
blockchain
and
and
so
because
ecash
is
so
similar
to
bitcoin
cash,
and
the
code
requires
such
little
changes
to
jump
back
and
forth
that
that
scratches
my
itch
there
in
terms
of
building
business
applications
that
are
not
dependent
on
any
one
blockchain
and
then
avalanche
is
sort
of
like
it's
interesting
because
it's
got.
B
You
know
the
the
evm
as
well
as
the
utxo
chains,
but
yeah,
I'm
not
trying
to
emphasize
that
that
we
only
focus.
You
know
that
we
exclude
other
blockchains,
but
I
I
I
want
to
for
for,
for
people
are
trying
to
understand
what
we're
all
about.
I
want
to
kind
of
emphasize
it
yeah
most
of
our
software
works
on
bitcoin
cash,
and
then
you
know
ecash
is
a
second.
I
don't
know
what
do
you
think
about
that
or
how
should
we
approach
that.
A
C
You
could
specify
later
in
the
document.
C
So,
like
he's
saying
you
could
you
you
could
have
it
both
ways,
so
you
at
the
top,
you
just
leave
it
open
but
down
in
the
document.
If
somebody
really
wants
to
read
in
there
they
can
go
okay.
These
are
the
three
main
chains
right
now
and
you
know,
or
maybe
it's
a
different
page-
I
don't
know
so
I
I
understand
both
ways.
E
That
makes
a
lot
of
sense.
I
mean
to
me
having
a
part
of
the
mission
statement
seems
like
maybe
it's
a
little
too
heavy
on
it,
but
having
it
saying,
and
but
if
with,
if
you
don't
say
what
you're
focused
on
at
all,
then
it
seems
just
really
lacks
it
seems
like
maybe
just
including
it
somewhere
else
might
be
better.
I
think
it's
good
to
have
it,
but
still
in
this
good
point
bc
or
smart
bch
is
another
one.
D
B
A
More
like
how
to
see
more,
like
philosophy
than
like
specifics,
so
maybe
here
will
be
better
to
be.
We
want
to
create
how
to
see
decentralized,
permissionless
software
like
to
not
see
to
help
people
with
their
free,
like
expression
or
something
it's
maybe
better
than
like.
We
will
use
ipfs
because
tomorrow
ipfs
can
be
dead
or
I
don't
know
like
so
better.
A
B
C
Well,
I
was
just
going
to
say
I'm
kind
of
in
agreement
with
that,
where
I
see
a
lot
of
this
technology
being
applied
and
part
of
the
reason
I'm
trying
to
stand
up
when
I'm
standing
up
and
eventually
going
to
stand
up
on
a
node
and
everything
is
because
I
do
see
a
lot
of
business
use
cases
and
getting
that
stuff
in
place
and
then
being
able
to
go
out
to
small
businesses
and
saying
hey,
here's
a
new
way
to
do
your
rewards
program
or
here's
a
new
way
to
do.
Pre-Sales.
C
B
Okay
yeah:
I
love
that
oh
cherry's,
coming
in
I'm
gonna,
let
him
in
here
and
we'll.
Hopefully
he
can
just
pick
up,
so
I
just
jumped
down
to
this
open
source
page,
because
what
I
hear
what
you
guys
are
saying
and-
and
I
I'd
also
like
to
get
your
feedback
on
this
section
because
it
sounds
like
maybe
this
needs
to
tie
back
into
the
mission.
This
is
something
that
I've
sort
of
felt
for
a
long
time,
but
I
don't
know
how
good
of
a
job
I've
done
actually
communicating
it
is.
B
I
don't
look
at
the
psf
as
creating
software
for
end
users.
I
look
at
us
as
creating
infrastructure
that
is
then
used
by
businesses
and
entrepreneurs
to
then
build
software
for
end
users.
So
there's
so
there's
a
there's,
a
middle
piece
there,
which
is
which
is
really
where
you
as
individuals
come
in,
and
so
I
think
this
sort
of
ties
back
to
what
you
guys
were
saying
about
the
mission
of
you
know:
let's
focus
less
on
the
technology
and
more
on
on.
You
know
what
what
are
we
doing
like
the
business?
B
I
think
this.
This
describes
a
little
more
like
what
we're
doing
is:
building
infrastructure
that
then
to
inspire
developers
and
inspire
entrepreneurs,
inspire
businesses
that
then
take
that
sort
of
rough
lego
block
polish
it
off
to
create
a
a
profitable.
What
did
I
profitable
and
a
pleasant
user
experience?
So
that's,
that's
really
been
my
focus.
B
What
do
you
guys
think
about
that?
How
should
we
communicate
that
or
should
we
include
it
in
the
mission
and
if
so,
how
should
we
communicate
that?
I
think.
D
If,
if
we
could
tell
a
story,
you
know
of
about
somebody
who
who
came
into
the
permissionless
software
foundation
and
kind
of
like
how
aaron
is
using
it
for
his
three
3d
stuff,
I
think
there
would
be
a
sort
of
like
a
testimonial,
maybe
in
a
way,
but
some
something
along
those
lines.
Where
you
know.
I
think
people
could
relate
to
a
story.
D
D
A
Maybe
this
page
can
be
some
kind
how
to
see
merge
with
the
introduction,
because
this
is
our
statement
right.
We
want
to
do
open
source
software,
so
this
can
be
some
kind
like
move
to
the
introduction
page
and
on
the
software
page.
Maybe
we
can
specify
the
technical
details,
maybe
like
we
are
concentrating
on
the
this.
Is
these
blockchains?
A
Our
all
of
our
software
is
free,
like
opel
stores,
everything
everything,
so
we
can
specify
the
details
about
the
technicalities
there,
but
this,
like
is
great,
like
I
think,
like
introduction,
I
think
it's
saying
everything
about
what
we
want
to
do,
so
maybe
it's
better
to
be
like
on
more
like
first
place,
yeah
personal
opinion.
It's
not
like.
I
don't
know.
B
No,
this
is,
this
is
exactly
the
kind
of
feedback
I
want
to
get
man.
This
is
gold.
For
me,
this
is
great
and
I
agree.
I
agree
yeah
yeah.
This
is
probably,
rather
than
being
at
the
end
of
the
the
website.
It
should
probably
be
at
the
beginning
of
the
website.
So
that's
that's
great
yeah,
okay!
Well,
let's
go
back
up
to
the
tokenomics.
B
I
I
put
this
as
number
two,
because
I
know
a
lot
of
people
are
gonna
fixate
on
this
thing
and
at
the
end
of
the
day
that
I
don't
really
view
the
token
I
view
the
token
as
being
more
of
a
tool
than
a
than
a
focal
point
it
just
it
just
links
to
the
the
psf
token,
where
you
can
sort
of
see
how
many
are
in
circulation
discusses.
B
The
minting
council,
which
you
know,
is
a
work
in
progress
right
now,
but
but
essentially
the
minting
council
is,
was
gonna,
hold
the
minting
baton
and
be
in
control
of
bringing
new
tokens
into
existence
and
and
in
the
in
the
governance,
I'll
sort
of
talk
about
the
the.
B
How
and
the
why
and
the
when
with
that
and
then
also
mentions
that
we
are
planning
to
create
a
psf
token
on
the
ecash
chain
and
build
a
bridge
and
there's
there's
more
details
about
that
later
on
too
and
then
the
token
liquidity
pay
pig
section
here
is
very
hand
wavy,
because
I
figure
somebody
want
the
nitty-gritty
details.
B
They
can
go
into
the
token
liquidity
app,
but
also
as
I've
mentioned
before
I,
I
really
would
like
to
phase
out
the
token
liquidity
app
somewhat,
not
not
really,
but
but
optically
I'd
like
to
phase
it
out.
I'd
like
to
phase
it
out
from
it
being
a
central
thing:
that's
controlled,
you
know
by
one
person,
to
something
that's
controlled
by
the
minting
council
and
is
is
more
decentralized.
B
Yeah,
so
what
I
envision
is
the
we'd,
essentially
the
token
liquidity
app
would
move
to
be
an
extension
of
the
decks.
So
the
token
you
would
buy
and
sell
primarily
through
the
decks
and
then
we'd
have
a
chat
bot
to
make
a
very
a
much
more
easier
user
interface.
B
But
at
some
point
that
has
to
be
centralized
like
there
has
to
be
a
wallet
on
a
computer
controlled
by
one
or
more
people
and
and
so
I'm
starting
to
man.
I
don't
know-
maybe
I
should
start
with
the
governance
section.
Let's
start
with
the
governance
section
and
then
we'll
come
back
because
hey
hey
chris,
I
just
wanted
to.
G
Jump
in
here
but
hey
hey,
have
you
looked
at
the.
D
B
Yeah
I
would
like
to
hear
more
about
how
you
guys
would
envision
that
being
integrated.
Here
I
mean
I
understand
the
idea
of
locking
scripts
and
and
yeah
I'd
just
like
to
hear
hear
more
about
that.
Let's
I
mean
if
you
guys
think
that
that
applies
to
something
very
specific
right
now,
let's
talk
about,
but
otherwise,
let's,
let's
jump
into
the
governance
and-
and
I
I
do
want
to
hear
more
about
that-
but
we'll
do
that
later
sure.
B
Let's,
let's
talk
about
governance
right
now,
okay,
cool,
because
I
think
the
gut
like
really
the
governance
is
all
about
who
decides
who
gets
to
decide
and-
and
that
sets
I
I
maybe
we
should
just
start
here,
because
this
sort
of
sets
the
stage
for
everything
else
that
happens.
B
So
what
the
way
I
envision
this
or
or
what
I
think
would
be
the
best.
But
again
I
really
want
to
get
your
guys's
feedback
on
this.
Is
I've
always
envisioned
the
psf
as
being
a
horizontal,
you
know
or
all
open
source
sort
of
being
a
very
horizontal
organization.
B
Online
communities
tend
to
be
very
horizontal
and,
and
so
the
vip
telegram
channel.
That's
been
around
for
a
while
most,
you
guys
are
familiar
with
that.
It's
if
there's
a
bot
that
only
lets
people
speak
in
there
if
they've,
if
they've
cryptographically
proven
their
merit,
which
is
a
calculation
based
on
how
many
tokens
they
hold.
So
I
really
want
you
know.
B
One
of
the
things
I
learned
by
talking
to
mckeil
rogers
is
that
the
people
who
are
impacted
by
the
decisions
should
be
the
ones
making
the
decisions,
and
so
that's
the
idea
or
the
ethos
behind
this
behind
this
vip
telegram
channel
is
the
people
with
the
most
to
lose
should
be
the
ones
you
know
who
are
most
impacted
by
decisions
should
be
the
ones
making
the
decision.
C
So
I
do
have
a
little
bit
to
say
about
merit,
because
I've
been
thinking
about
this
and
wondering
if
merit
can
not
only
incorporate
how
long
you've
held
tokens
but
the
your
interaction
with
the
tokens
in
the
economy
so
and
that
could
be
over
time
because
yeah,
you
don't
want
somebody
to
buy
a
bunch
of
tokens
and
sell
a
bunch
of
tokens.
You
know
over
and
over
to
build
that
up,
but
people
that
are
using
these
tokens
to
actually
engage
in
business.
They
also
have
a
vested
interest
in
what
happens.
B
Yeah
I
mean
I
like
the
idea:
it's
it's
just
a
matter
of
quantifying
it.
C
Yeah
and
I
got
the
idea
because
we're
talking
about
a
like
a
authenticity
type
of
token,
that
is
positive
value
that
you
give
to
somebody
that
you
think
is
authentic
and
I'm
using
very
much
the
same
governance
ideas
that
you
have
at
the
psf
just
shifted
a
little
bit
and
we're
in
order
to
get
get
into
the
governance
we're
talking
about.
Well,
how
do
you
do
it?
Do
you
burn
tokens?
Well
that
doesn't
make
sense
to
something
like
this.
C
Giving
tokens
away
makes
a
lot
more
sense
for
achieving
something
like
nft
badge
for
for
governance,
but
then
you
know.
Could
we
then
look
at
how
you
give
away
tokens
and
how
you
interact
in
the
economy
and
say
well,
this
person
is
doing
a
lot
of
interaction
with
this.
They
obviously
have
vested
interest
in
what's
going
on.
B
Yeah
so
one
way
I
think
we
could
incorporate
that
idea
is
poe
apps.
You
know
where
just
to
explain
that,
so
we're
all
on
the
same
page,
when
shapeshift
dao
has
meeting
the
very
first
thing
they
do,
is
they
throw
a
qr
code
up
there
and
everybody
who's
attending?
B
The
meeting
gets
can
scan
that
qr
and
get
an
nft
and
it's
a
proof
of
attendance
protocol
co-app,
and-
and
so
if
you,
if
you
attend
a
lot
of
these
governance
meetings,
you
accrue
these
these
po-app
tokens,
and
so
we
could
possibly
do
something
like
that.
Where
the
merit
calculation,
you
know,
is
the
way
it
is
now,
which
is
the
number
of
tokens
you
hold
times
the
number
of
days
you've
held
them,
but
then
there
could
be
other
other
nft
considerations
like
I
was
thinking.
B
If
you,
if
you
end
up
burning
whatever
amount
we
set
to
get
on
the
minting
council
that
should
automatically
you
know,
get
you
access
to
the
vip
channel
and
that
that
nft
should
represent
the
number
of
tokens
you've
burned
and
then
these
yeah,
then
we
could
add
some
sort
of
calculation
for
these
po
apps.
B
Where,
if
your
wallet
has
these,
you
know
a
nut
like
you
know,
maybe
maybe
each
po
app
counts
for
100
psf
tokens,
or
something
like
that,
and
so,
and
so
just
by
by
by
showing
up
and
attending
and
participating
in
governance,
even
though
you
might
not
have
a
lot
of
financial
skin
in
the
game.
You've
got
a
lot
of
time
invested,
so
that
would
be
one
way
to
quantify
that.
A
Yeah,
so
I
want
to
demonstrate
one
side
when
we
in
the
hubsy
in
the
free
speech
like
time,
because
it's
exactly
on
the
on
the
topic,
so
I
think
it
will
illustrate
very
well
and
yeah
it's
about
the
nft
gated
access
to
telegram.
So
I
will,
after
this
that.
F
Sounds
great
I
just
wanted
to
let
you
know
chris,
that
shapeshift
dropped
using
the
poe
apps.
D
F
What
happens-
and
it
happens
in
a
lot
of
discords
with
ford
for
daos
right
now-
is
that
people
there
are
all
sorts
of
people
that
all
they
want
to
do
is
collect
co-ops,
and
they
can
be
extremely
disruptive
and
very
hard
to
it's
very
hard
to
be
open
and
welcoming.
F
When
there
are
people,
people
are
there
for
ulterior
motives.
I
just
it's
important
to
know
that.
There's
a
downside
to
boaps
as
well.
B
Yeah
thanks
for
pointing
that
out,
because
I've
noticed
that
as
well,
they
they've
really
struggled
with
the
book.
I
think
a
lot
of
some
of
that
has
to
do
with
the
actual
poep
infrastructure
that
they're
leveraging,
whereas
we
could
build
that
ourselves.
But
then
there's
the
human
element,
which
is
people
are
yeah.
They
kind
of
get
crazy
about
collecting
nfts.
C
Well,
when
it
comes
to
the
governance
thing
too,
because
it
is
governance
and
people
are
meeting
together
and
they're
talking
and
they're
deciding
things
you
there
could
be
use
cases
where
you
say
all
right.
We
we
have
somebody
that
they
don't
have
a
lot
of
psf,
but
we
can
see
they've
transacted
in
a
lot
of
psf
right,
and
so
maybe
they
they
don't
have
a
lot
of
money,
but
they've
been
doing
steady
transactions
the
whole
time,
and
that
could
be
a
use
case
where
the
governing
governance
council
comes
together
and
says:
hey.
C
This
person
has
petitioned
us
to
be
on
the
governance
board.
What
do
we
think
you
know
we'll
put
it
up
for
a
vote?
We
can
actually
look
at
their
transaction
history
and
see
yeah
they
for
the
past
year,
they've
been
steadily
using
and
exchanging
psf
tokens
on
the
decks
and
utilizing
it
with
software
they're
building
yeah
and
who
is
in
favor
of
of
allowing
them
on
the
governance
council.
In
some
capacity
you
know,
yeah.
B
B
Other
members,
I've
done
that
with
with
some
of
you,
you
know
when
I,
when
I
come
across
a
developer,
that
I
like,
oh
man,
I
really
want
to
hear
your
voice
and
have
you
participate
here,
but
I
know
it's
a
big
ass
to
get
you
to
buy
like
two,
whatever
you
know
thousand
psf
tokens,
but
I
have
them
and
I'm
not
doing
anything
with
them,
so
I
will
stake
them
and
give
and
essentially
give
you
the
the
signed
message
that
you
need
to
verify.
B
G
Some
of
the
hackathon
prizes
that
we
distribute
out
is
actually
through
the
flp
tokens.
We
only
pay
out
to
the
token
to
the
team
holders
and
whatnot,
but
the
tokens
themselves.
We
actually
just
give
it
out
to
all
the
attendees
who
are
either
watching,
live
or
in
person,
and
we
just
tell
them.
You
know
obviously,
like
you
know
five
cents
here
and
there
to
cover
transaction
fees.
G
You
know
just
send
these
tokens
around
to
whoever
you
want
and
then
we'll
just
pay
out
the
prize
that
we
give
out
proportionate
to
like,
however
much
each
team
has
so
really,
I
feel
like
a
lot
of
these,
like
clinical
governance.
Stuff
really
has
to
fit
in
some
basic
use
case.
So
let's
say
like
you're
talking
about
the
like
some
development
projects
that
you
know
everyone's
trying
to
work
on
and
trying
to
coordinate
everyone
on.
You
know
that
would
be
a
very
different
set
of
you
know
clinical
governance
than
you
know.
B
Yeah
good
point
that
yeah
I've
seen
I
really
like
the
way
the
tokens
were
used
in
the
hackathons
and
that's
almost
like
a
spin
on
this
poep
idea
of
like
oh,
you
know,
you're
here
and
you're
attending
like
here's.
Here's
some
tokens
to
prove
that
you
were
here.
B
Yeah,
well,
okay,
so
just
to
zoom
to
zoom
back
out
the
the
problem
we're
trying
to
solve
here
is
the
people
who
are
impacted
by
the
decisions
should
be
the
people
who
have
the
most
to
lose
or
gain
from
those
decisions.
So
that's
at
a
high
level,
that's
what
we're
trying
to
achieve.
So
these
are
all
this
concept
of
merit
and
the
use
of
tokens.
B
B
And
then,
and
then
so,
if
we
can
nail
that,
if
we
can
get
that
right,
then
then
there's
essentially
these
these
other
subcommittees
that
that
are
answerable
to
this
vip
channel.
We
sort
of
they've
been
getting
created
on
an
as-needed
basis,
so
right
now,
there's
there's
four
of
them
that
that
have
been
like
sort
of
clearly
identified.
B
One
is
I
can
go
down
and
that
I
can
just
basically
talk
to
this.
This
image,
that's
on
the
screen.
The
management
has
been
largely
me
and
david
and
another
business
administrator,
and
we
just
do
the
very
minimum
amount
of
management
like
preparing
proposals
to
be
voted
on
tallying.
The
votes,
updating
the
website,
just
all
the
boring
administrative
stuff,
somebody's
got
to
do
that,
and
and
so
they
they
answer
to
the
they
do
that
at
the
direction
of
the
vip
membership,
mostly
through
this
proposal
process.
B
I
guess
just
to
get
us
on
the
same
page.
Most
of
you,
I
think,
have
participated
in
the
proposal
process.
That's
where
we,
I
thought
I
had
a
section
on
here
about
proposals,
but
I'll
just
I'll
just
cover
it
real
quick.
So
I'm
not
scrolling.
B
We've
done
this
in
the
past,
where
we
have
a
when,
when
something
comes
up
like
a
budget
or
some
new
thing
that
we
want
to,
we
want
to
bring
more
tokens
into
existence
to
pay
for
we,
we
create
a
proposal
and
we
airdrop
voting
tokens
like
to
the
top
50
addresses
or
top
50
token
holders.
By
address
again,
this
is
using
the
sort
of
the
simple
merit
idea.
B
It's
not
incorporating
some
of
these
other
ideas
we
just
discussed,
but
those
top
50,
so
10,
it's
like
10
000
voting
tokens
get
airdropped
to
the
top
50
addresses
proportional
to
their
merit,
and
then
they
they
send
those
tokens
to
either
a
yes
address
or
no
address
or
an
abstain
address
or
in
not
sending
the
token
counts
as
abstain,
and-
and
so
that's
how
we've
we've
made
decisions
in
the
past.
B
It's
been
very
effective
it
it's
it's
worked
really
well
and-
and
I
think
overall
people
have
been
really
happy
with
with
the
outcomes
of
that,
and
so
that,
when
I,
when
I
say
like
these
committees,
take
direction
from
the
vip
channel,
that's
essentially
how
they're
doing
it
is
everybody
who
has
the
skin
in
the
game
gets
gets
a
chance
to
vote
proportionally,
and
then
these
subcommittees
interact
with
that.
C
Is
there
a
way
to
update
where
you're
sending
those
those
tokens
or
I
guess
I
could
use
my
other
wallet
that
I
have
psf
tokens
in
because
I'm
you
know
I've
I've
burned
through
so
many
I
can't
even
remember
which
one
you're
sending
them
to
so.
C
B
And
yeah
yeah
and
the
the
way
the
me
so
I
mean
again
we
just
we
just
discussed
different
ways.
We
could
calculate
merit
and
I.
B
Want
to
have
more
discussion
on
that
topic,
but
right
the
way
the
merit
calculation
works.
Right
now
is
it's
it's.
You
can
spend
the
psf
tokens
from
the
same
address
as
long
as
they
don't
as
long
as
they
don't.
Basically,
it
looks
at
an
address
and
it'll
it'll
go
through
the
utxo,
dag
or
basically
your
transaction
history
and
calculate
the
merit.
So
as
long
as
you're
using
the
same
address
to
receive
and
send
tokens
it'll
all
get
calculated
it's
when
you
move
the
tokens
from
one
address
to
another.
The
merit
essentially
gets
reset
because.
E
B
Right,
yeah
and
this
that
was
based
on
feedback
that
I
got
from
other
token
holders
yeah.
So
there's
the
management
and
then
there's
this
minting
council
that
we've
been
discussing
and
and
really
their
job
is
essentially
to
be
a
placeholder
for
the
things
that
we
need,
centralized
legal
entities
for
so
they
would
hold
the
keys
for
bringing
new
tokens
into
existence
because
that's
safer
than
having
it
held
by
by
one
single
person
that
the
state
can
apply
pressure
to.
They
would
have
this
sort
of
remote
control.
B
I
haven't
talked
about
this
very
much
but
having
like
remote
control
to
shut
down
the
token
liquidity
app
remotely.
If,
if
enough
minting
council
members
got
together
to
to
create
a
transaction
to
do
that,
what
are
some
of
the
other
ideas
they
had,
but
basically
any
time
where
there's
sort
of
a
legal
like
like
like?
Is
it
okay
for
one
person
to
be
doing
that
or
should
we
distribute,
distribute
the
trust
and
distribute
the
you
know
any
potential
legal
liability?
B
B
And
then,
of
course,
there's
the
technical
steering
committee
and
there's
the
com
com
which
we've
got.
This
is
the
technical
steering
committee
and
then
the
com
com
is
the
same
idea,
but
for
non-technical
stuff
and
not
sort
of
in
hibernation
right
now,
so
those
are
the
four
main
subcommittees
that
ultimately
answer
to
the
vip
channel,
so
that
this
is
this
is
how
I
envision
governance.
This
is
how
you
know
when
someone
asks
this
question
who
gets
to
decide.
C
One,
the
vip
channel
is
the
one
you're
submitting
proposals
to
it's.
The
one
people
are
voting
on,
and
then
it
has
sway
over
what
these
four
branches
are
doing.
Essentially
correct,
right.
B
B
And
then,
if
the
vote
is
yes
then
then
the
minting
council
would
bring.
Those
tokens
into
existence,
probably
send
them
to
a
multi-sig
wallet
which
is
under
the
control
of
the
management,
and
then
the
management
would
execute
on
the
actual
admin
of
like
distributing
those
tokens.
You
know,
as
per
the
details
in
the
proposal.
C
C
B
Right
yeah,
so
the
only
thing
that's
new
here
is
is
the
minting
council
is
instead
of
me
having
sole.
You
know,
custody
of
the
of
the
key
to
bring
new
tokens
into
existence
that
would
be
held
by
amending
council
and
that
responsibility
and
legal
liability
would
be
decentralized
among
and
and
so
the
one
of
the
things
I
I
really
want.
B
The
minting
council
to
be
anonymous,
friendly
or
anonymous
first
is,
is
make
it
possible
for
someone
to
be
a
member
of
the
minton
council
and
remain
anonymous,
but
of
course
we
have
to
think
about
civil
civil
protection
in
that
in
that
case,
so
that
people
can't
just
spin
up
a
bunch
of
anonymous
accounts.
There
has
to
be
some
skin
in
the
game,
which
is
why
being
on
the
minting
council
would
be
a
buy-in
would
be
a
significant
buy-in.
B
Well,
right
now,
what
I'm
envisioning
and
again
this
is
all
subject
to
feedback
from
you
guys
and
other
people
in
the
vip
channel.
Is
that
it'd
probably
be
in
the
ballpark
of
3000
psf
tokens,
you'd
burn
them
and
then
the
minting
council
would
issue
you
an
nft
and
then
that
nft
becomes
a
homing
beacon.
That's
that's
how
we
can
send
encrypted
email.
B
I'm
gonna
use
the
word
email,
but
what
it
really
is
is
a
encrypted
message
that
the
signal
goes
over
the
bitcoin
cash
blockchain,
but
effectively
it's
like
email
and
and
so
any
any
address
that
holds
that
nft
like
we
can
essentially
send
email
to
it,
and
some
of
you,
I
think,
have
used
this
like
message.fullstack.cache,
isn't
functional
right
now,
but
that's
how
we
were
doing
it.
It
is
still
functional
in
the
psf
bch
wallet
command
line
app.
B
You
can
still
do
that
today,
and
one
of
the
things
I
want
to
add
to
that
is
is
an
ability
to
hook
up
an
email
alert
so
that
if
someone
sends
you
one
of
these
encrypted
messages,
you'll
get
an
email
alert.
Saying:
hey.
You've
got
an
encrypted
message
waiting
for
you.
So
I
don't
think
I've
mentioned
that,
but
that's
that's
started
starting
to
get
kind
of
high
up
in
my
in
my
to-do
list.
C
And
that's
using
the
p2p
ipfs
stuff.
B
Yeah,
so
the
message
is,
the
message
is
encrypted
using
the
the
public
key
from
the
blockchain
and
then
that
encrypted
message
is
uploaded
to
the
pay
to
write
database
and
then
the
the
receiver
get.
You
know,
there's
a
command.
You
can
run
to
check
your
messages
and
then
and
then
it'll
download
the
encrypted
messages
and
decrypt
it
with
the
private
key
from
the
bitcoin
cash
wallet
and
so
the
the
that
all
exists
and
is
functional
today
in
the
command
line
wallet.
B
The
thing
that
needs
that
I
want
to
add
is
you
could
have
your
wallet
sort
of
run
in
the
background
like
on
a
computer,
raspberry,
pi
or
something
and
it'll
just
every
15
minutes
or
whatever
it'll
check
to
see
if
it
has
a
new
message
and
if
it
finds
one
it'll
shoot
you
an
email
alert
just
saying:
hey,
you've
got
an
encrypted
message
waiting
for
you.
C
B
B
You
get
this
nft,
which
makes
you
part
of
the
minting
council,
and
then
you
can
start
receiving.
Then
you
have
this
responsibility
to
participate
in
the
mending
council,
which
means
your
keys
get
rotated
every
the
keys
will
get
rotated
every
quarter
at
a
minimum
if
you
don't
meet
for
any
other
reason,
you'll
meet
at
least
once
a
quarter,
and
and
that
coordination
will
happen
through
this
encrypted
email
and
and
then
when
it
comes
time
to
actually
meet
so
part
of
what
I've
been
so
there's
so
much
to
explain.
B
Part
of
what
I've
been
working
on
is
this
process
for
this
actual
multi-signature
minting,
and
so
everyone
would
have
we'd
use
the
the
psf
bch
wallet,
command
line,
wallet
and
there's
a
there's.
A
command
I've
created
to
essentially
send
a
the
minting
council
would
pick
one
aggregator
one
member
of
the
minting
council
to
to
be
the
aggregator,
and
then
each
member
of
the
minton
council
would
send
an
encrypted
message
with
their
signature
to
the
aggregator,
and
then
the
aggregator
would
aggregate
all
the
signatures
and
create
and
broadcast
the
actual
transaction.
B
That
brings
the
the
new
tokens
into
existence
and
through
that
process
the
keys
get
rotated.
You
create
a
new
wallet,
everybody
ends
up
with
it
with
a
new
wallet
and
and
then,
and
it
also
and
then
the
cycle
starts
over
again.
Each
each
member
has
their
own
key
that
nobody
else
knows
about
and
and
then
you
all
get
together
in
the
next
event
and
the
whole
thing
takes
place
again.
C
I'm
I'm
getting
it
mostly.
Are
you
saying
that
after
the
minting
incurs,
I
need
to
make
a
new
wallet
or
the
new
wallet
will
be
generated,
and
then
what
happens
to
the
nft
and
the
old
wallet?
Do
I
need
to
transfer
it
to
the
new
wallet
and.
B
Yeah,
so
it's
this
is
part
of
what's
still
being
worked
on,
so
none
of
this
is
set
in
stone,
but
the.
B
B
Psf
multi-segmenting
and
there's
the
master
branch
and
then
most
of
the
work
I'm
doing
is
in
the
ct
unstable
branch,
and
there
are
these
two
commands.
There's
a
multi-segment
and
multi-sig
sense
spend
send
spend
file,
so
each
member
of
the
mentee
council
will
execute
this.
They
we
all
coordinate
over
over
encrypted
email
and
we
pick
an
aggregator
which
is
an
address
and
everybody
who's,
not
the
aggregator
executes.
This
and
multi-sig
send
spin
file,
and
so
what
that
does?
B
It
sends
an
encrypted
message
to
the
aggregator,
with
the
private
key
of
the
old
wallet
and
and
then
the
public
address,
of
the
new
wallet
which
is
used
to
create
the
new,
the
new
multi-sig
wallet,
that's
going
to
hold
the
new
minting
baton
and
then
they
once
then
the
aggregator
runs
this
multi-segment
and
it
all
this
data
gets
encrypted
and
uploaded
to
the
paid
write
database,
and
so
the
aggregator
runs
this
multi-segment
and
it
goes
and
it
gets
all
this
data
that's
been
encrypted
just
for
them.
B
On
the
pay-to-write
database
puts
it
all
together
and
it'll
either
succeed
or
fail.
There
are
either
be
enough
signatures
or
there
won't
be
enough
signatures
and
and
if
it,
if
there
is
it'll
mint
the
new
tokens
and
create
a
new
multi-sig
wallet
based
on
the
public
key
of
all
these
of
all
the
new
wallets
that
each
member
sent
in
and
and
so
at
the
end
of
this,
the
new
tokens
are
minted.
The
mini
baton
moves
to
a
new
multisig
wallet.
B
Each
member
of
the
minting
council
has
their
own
key.
That's
part
of
that
wallet
and-
and
it
sets
up
a
like
like
if
there's,
if
there's
10
members,
then
it's
a
5
of
10
address.
If
there's
three
members,
it's
a
two
of
three,
so
it
always
tries
to
hit
like
half
plus
one
is
how
many
is
how
many
keys
you
have.
B
B
C
The
for
the
member
of
the
council
they're
going
to
use
the
message,
send,
spend
file
to
send
it
to
the
aggregator
address
that
aggregator
address
aggregates
all
of
those
files
and
then
launches
the
mint,
and
when
the
mint
is
launched,
a
new
wallet
is
created.
The
mint
baton
is
transferred
to
it.
Do
the
tokens
stay
in
the
old
wallet
or
are
they
also
transferred
to
the
new
wallet?
C
C
We
got
a
lot
of
things
going
on
here,
where
the
tokens
are
created
and
sent.
The
minting
baton
is
then
sent
to
a
new
wallet.
Do.
Does
the
the
person
on
the
minton
council
have
to
create
a
new
wallet
and
send
that
new
address
in
for
so
that,
when
everything
happens,
it
then
sends
out
the
new
keys.
D
B
Really
it's
one
command
every
everybody,
but
the
aggregator
runs
one
command
and
then
the
aggregator
once
runs
one
command
and,
and
then
everything's
done.
It
seems.
E
Like
seems
like
edward
snowden
needs
to
be
involved
just
like
he
was
with
the
z
cash
ceremony,
because
somehow.
E
B
B
On
this
low
level
stuff,
and
but
that's
basically,
where
I'm
at
with
it-
and
it's
still
a
work
in
progress
like
what
I
want
to
do
is
do
a
fake
token
and
and
go
through
some
of
this
exercise
with
you
guys,
so
that
we
can
all
have
just
a
much
more
tactile
understanding
of
how
this
is
supposed
to
work
and
it'll
also
shine
a
spotlight
on
the
flaws.
Yeah.
E
C
And
I
I
do
really
like
the
multi-sig
option
and
I
I
think
it's
going
to
like
we've
been
talking
about
dows
and
where
dals
are
and
what's
happening.
I
haven't,
I
don't
think,
we've
seen
what
a
dow
will
be
or
anything
like
that.
We're
experimenting
here
and
figuring
out,
but
I
do
like
having
a
multi-stick
wallet
for
being
able
to
create
or
destroy
tokens
and
having
a
governance
council
to
decide.
You
know
how
are
we
going
to
do
this?
Do
we
need
more
tokens?
Do
we
not
need
more
tokens?
C
What,
and
I
think
this
can
apply
in
a
lot
of
other
business
use
cases,
so
I'm
I'm
very
excited
to
see
it
happen
and
to.
I
definitely
want
to
jump
on,
and
you
know
practice
with
you
guys
so.
B
Yeah
and
so
there's
you
know,
and
then
we
can
once
we
get
this
process
polished
a
little
bit,
there's
a
lot
of
things
we
can
do
with
it.
So,
besides
just
bringing
your
tokens
into
existence,
we
could
do
an
opera
turn,
remote
control
for
say
the
token
liquidity
app
or
the
dex.
So
I
assume
this
is
the
problem.
I'm
running
up
against
is
like
there's
a
lot
of
really
valuable
things
we
can
do,
but
it
requires
centralization,
and-
and
so
this
minting
council
is,
is
the
solution
to
that.
B
So,
for
instance,
the
token
liquidity
app
as
it
exists
now,
instead
of
me
having
sole
control
over
it.
I
would
like
the
minting
council
to
essentially
have
remote
control
where
in
an
emergency
they
could
issue
a
transaction
that
would
shut
the
app
down
and
drain
the
funds
to
to
another
multisig
wallet
or
I'd
like
us
to
build
a
bridge
between
the
psf
token
and
the
usdc
stablecoin
on
avalanche
and
but
in
order.
B
But
that's
a
you
know:
bridge
is
a
centralized
entity,
and
so
that's
that
same
thing
would
apply
with
the
minting
council,
where
the
app
could
just
be
there
running.
But
in
the
event
of
an
emergency,
the
minting
council
could
shut
it
down
and
drain
the
funds.
If
enough,
council
members
got
together
to
issue
this
one
of
these
remote
control
transactions.
D
I
was
gonna
say
I've
been
looking
at
this
cash
script.
It's
called
the
messiness
contract,
so
basically
it
it
was
made
to
prevent
exit
scams.
So
the
way
it
works,
the
the
person
sending
the
the
money
to
the
say
they
want
a
subscriber
or
they
want
to
make
sure
whoever's.
Making
promises,
doesn't
just
take
the
money
and
leave.
D
H
D
I
think
the
the
flip
starter
contract
is
also
available,
which
is
sort
of,
I
think
it's
a
kind
of
similar,
but
it's
it
works
in
a
way
where
you
know
we,
we
kind
of
get
how
it
works.
Right,
like
you
have
one
party
that
you
know.
A
Smart
contract,
in
our
case,
like
I
started,
to
see
it's
a
little
hard
to
see
exclusive.
This
multi-seek
flow
that
chris
is
explaining
and
having
a
smart
contract,
because
in
our
case
there
will
be
this
aggregator
guy,
which
will
accommodate
all
of
the
signatures,
create
a
transaction
and
send
it.
So
in
this
case,
you
don't
need
some
smart
contract
to
do
this
thing,
your
of
course
you
can
automate
it,
but,
like
us
next
step,
maybe
the
first
one
is
just
to
have
this
done.
A
B
Yeah
and
then
I
I
thank
you
for
saying
that
story,
because
that's
sort
of
the
approach
I'm
taking
is
like
really
start
with
the
fundamentals
like
a
multi-sig
wallet.
That's
really
all
we
need
and
then
and
and
then
humans
and
and
like
let's
get
a
process
down
that
works
and
then
we'll
look
for
opportunities
to
automate
it
and
and
and
remove
the
human
element
as
much
as
possible.
B
B
You
know
now
that
we
have
a
better
grasp
of
the
minting
council,
so
you
guys
have
all
interacted
with
the
token
liquidity,
app
you're
kind
of
familiar
with
how
how
that
works.
It's
like
a
vending
machine
or
an
automated
market
maker,
and
we've
discussed
this
nuclear
option
a
few
times,
but
just
to
get
us
on
the
same
page.
B
Basically,
I
I
point
out
some
of
these
sort
of
catastrophic
failure
modes
that
could
that
could
happen,
and
the
solution
to
all
of
them
is
the
nuclear
option,
which
is
we
just
create
a
new
psf
token,
and
we
air
drop
it
to
all
the
existing
addresses
and
we
switch
all
the
open
source
software
to
use
the
new
token,
and
I
think
that
would
probably
take
at
most
maybe
two
days
to
execute
so
in
the
event
of
any
of
these,
like
any
possible
like
catastrophic
event.
B
Around
the
token,
that's
the
process
that
we
follow,
and
so
with
that
understanding
this
is
this
is
the
new
stuff
I
really
want
to
cover
with.
You
guys
is
in
this.
B
This
diagram
this-
I
don't
know
if
I
have
this
put
together
yet
correctly,
but
this
is
based
on
a
lot
of
reading
and
thinking
and
discussing
where
you
guys
might
have
seen
this
outer
loop
before,
which
is
how
I've
envisioned
the
psf
token
working,
where
we
have
an
application
at
the
top
like
say
the
dex,
or
a
bridge
or
fullstack.cache,
which
is
providing
infrastructure
as
a
service.
B
So
some
software,
as
a
service
application
that
that
consumes
tokens
and
produces
you
know,
does
something
for
the
person
who
gave
who
fed
it
tokens
so
like
a
vending
machine
that
that
there's
all
this
there's
all
this
really
boring
stuff
involved
with
software
development
unit
tests,
writing
documentation,
reviewing
bug
reports
doing
code
reviews
these
are
extrinsically
motivated
like
these
are.
B
These
are
why
developers
get
paid
money
is
because
these
things
are
difficult
and
they're,
boring,
and-
and
so
what
I
really
want
to
do
here
is
draw
a
bright
line
between
intrinsically
motivated
developers,
which
are
doing
things.
You
know
from
a
place
of
creativity.
You
know
we
that
I
think
a
lot
of
us
here
are
that's
why
we
write
software.
B
Is
it
just
scratches
an
intellectual
itch
and
that's
we're
intrinsically
motivated
and
that's
primarily,
what's
always
driven
open
source
software,
but
then
there's
this
whole
side
of
it,
where
you
need
extrinsic
motivation,
and
this
is
what
the
book
working
in
public
talks
about
is.
Is
you
know
how?
How
do
we
collaborate
on
code?
How
to
think
about
code
really
drills
into
this?
B
This
comparison
and
contrast
between
intrinsic
motivation
and
extrinsic
motivation,
and
so
where
the
tote,
where
the
psf
token
comes
in
is
we
need
to
be
able
to
pay
developers
to
do
all
this
boring
stuff,
because
otherwise
it
just
doesn't
get
done
and
that's
that's
where
most
open
source
projects
fall
over,
and
so,
if
we
pay
some
developers
to
do
that,
they
can
then
cash
in
the
psf
token,
for
for
bch
or
whatever
and
get
paid.
That's
what
we've
done
with
daniel
and
gary
in
the
past.
B
And
then
the
idea
is
on
the
left
side
that,
and
you
know
the
the
that
improves
the
software
and
so
hopefully
we're
getting
more
users,
we're
creating
value
for
the
users
and
the
users
that
increases
the
amount
of
cash
flow.
Essentially,
more
users
are
getting
tokens,
have
more
reason
to
get
tokens
and
spend
the
tokens
and
use
the
tokens
and
consume
that
that
sas
software
and
then
in
in
the
in
this
in
the
middle.
B
Those
are
probably
the
top
four
reasons
of
intrinsic
motivation
and
and
so
open
source
projects.
The
this
book
working
in
public
really
talks
about
just
these
social
dynamics
and
and
the
problems
that
some
that
a
lot
of
open
source
projects
run
into,
and
so
I
think
we
can
leverage
both
of
these,
where
I
think
we're
all
here,
because
we're
intrinsically
motivated
this,
the
software's
scratching
some
sort
of
itch
that
we
want
scratched
and
whether
we're
just
consuming
it
or
we're
contributing
to
it.
B
In
addition
to
consuming
to
it,
we're
we're
pretty
much
all
intrinsically
motivated,
and
so
I
imagine
these
as
sort
of
two
loosely
coupled
flywheels
where
like.
If
one
starts
spinning,
then
the
other
one
starts
to
spin
too,
and
then,
if
that
one
starts
spinning
up,
it
makes
the
other
one
spin
faster,
and
so
what
this
is?
It's
a
it's,
a
it's
a
value
loop.
B
So
every
time
we
go
around
the
loop
one
of
those
loops,
we've
increased
the
amount
of
value
and
then
on
that
outer
loop,
it
monetizes
the
value
and
then
reinvests
the
value
and,
at
the
end
of
the
day
that
sas
app,
whichever
loop
you
take,
should
should
be
a
little
bit
better
when
you,
when
you've
completed
the
loop.
So
this
is
this
is
the
theory.
The
token
economic
theory.
B
And
you
know
remains
to
be
seen,
but
we
haven't
really
had
I
mean
we've
had
the
token
liquidity
yet,
but
we
haven't
had
a
lot
of
the
monetization
side
of
the
value
we
haven't
had
a
lot
of
success,
yet
in
monetizing
the
value-
and
I
think
that's
really
where,
like
the
decks
and
the
bridges
come
in
that
box
at
the
bottom,
we
know
that
people
want
to
trade
tokens.
B
We
know
that
people
are
excited
about
nfts
and
trading
nfts.
We
know
that
people
want
stable
coins
and
probably
the
best
way
to
do.
That
is
to
build
a
bridge
to
the
best
stable
coin.
We
can
find
or
bridges
to
multiple
stable
coins
and
a
lot
of
that
is
going
to
require
centralized
control
of
some
of
this
stuff,
and
that's
where
the
minting
council
comes
in.
B
That's
the
thing
that
we've
been
lacking,
the
things
that
we
haven't,
it's
just
too
risky
for
me
as
an
individual
to
build
a
bridge
between
the
psf
token
and
usdc.
B
It's
too
risky
for
me
as
an
individual
to
throw
up
a
decks
that
everybody
in
the
world
can
use,
even
if
it's
trustless
and
atomic
the
fact
that
chris
trottner
is
running
this
webpage,
like
that's
an
attack
vector,
and
so
that's
that's
where
the
minton
council
comes
in.
That's
why
we
haven't
been
able
to
do
these
things
and
that's
why
we
haven't
really
monetized
the
psf
token.
Yet.
B
Well
good,
but
that
I
mean
so
that's
a
theory,
I'm
really
looking
for
flaws
in
the
theory
and
they
might
not
appear
until
we
actually
like
get
into
this
a
little
bit
deeper.
C
I
think
the
idea
of
using
it
is
utility
is
definitely
a
good
one.
You've
been
using
it
as
a
utility
for
a
while
and
there's
a
big
difference
between
people
that
put
out
a
token
and
say
we're
going
to
the
moon
and
people
that
put
out
a
token
and
say
this
is
going
to
help
facilitate
the
use
case
of
business
across
many
different
cultures
and
economies.
A
It's
a
bit
of
hot
sea:
it's
not
a
flow,
but
most
of
this
use
cases
that
you're
talking
here
about
the
burning
tokens,
so
the
amount
will
be
reduced
and
then
the
price
will
increase.
But,
for
example,
if
you
want
to
provide
services
for
a
token
gated
access,
for
example,
it
will
be
holding
these
tokens,
but
this
will
not
help
with
the
price
so
much
because
yeah
they
will
just
stay
there.
They
will
not
be
burnt.
A
B
Yeah,
so
that's
I'm
glad
you
brought
that
up
stoyan
because
there's
yeah,
it's
a
little
hand
wavy
here.
So
the
the
examples
I'm
drawing
from
is
around
the
token
liquidity
app
and
even
if
we
end
up
phasing
out
the
token
equity
app
and
going
more
towards
the
dex,
I
think
there's
there's
we're
still
going
to
have
an
automated
market
maker
that
that
plays
the
current
role
that
the
token
liquidity
app
plays
in
terms
of
keeping
a
loose
peg
between
the
psf
token
and
vch,
and
so
right
now.
B
Someone
uses
wallet.fullstack.cache,
there
is
a
2000
satoshi
output,
and
so
that
goes
like
the
person
doesn't
doesn't
actually
interact
with
the
psf
token
they're,
just
doing
a
normal
bitcoin
cash
transaction,
but
but
that
2000
satoshi's
goes
to
the
token
liquidity
app
with
an
instruction
to
to
purchase
and
burn
that
amount
of
psf
token
and
same
thing
goes
with
the
the
decks
when,
when
you
interact
with
the
decks,
there's
a
there's,
a
there's
sort
of
like
a
donation
that
goes
in
there
and
and
then
of
course,
you're
also
consuming
psf
tokens
directly.
B
All
right:
well,
I
can
see
we're
kind
of
fading
here
we're
getting
on
an
hour.
Let
me
go
through
this
quickly
and
see
if
there's
anything
else,
that
I
wanted
to
really
get
your
guys's
feedback
on,
and
then
I
I'd
like
to
hear
more
of
what
stoyan
had
to
say
about
using
using
tokens.
B
We
talked
about
the
mending
council.
I
think
we're
all
familiar
with
the
with
the
councils.
I've
got
links
here
to
different
codes
of
conducts
contribution
guides
moderations
policy.
These
all
need
to
be
refined.
Most
of
them
are
just
copied
and
pasted
from
the
node.js
foundation
because
they
that's
what
a
lot
of
this
stuff
is
based
on.
E
I
want
to
mention
one
other
thing:
is
the
bitcoin
payments
module
stuff
that
that's
being
worked
on
somehow?
You
know
there
is
now
physical
access
to
things
that
once
they
finish
that
you're
paid
to
this
thing,
and
it
does
take
some
action
in
the
physical
world
that
I
I
don't
know
how
we
would
use
that
yet.
But
I
feel
like
there
is
a
big
piece
of
it
that
has
really
just
not
been
explored
as
we're
going
forward.
B
Yeah,
I
think
we're
all
following
aaron's
work
on
that
and
we're
all
pretty
excited
for
him.
A
A
B
Yeah
yeah,
it's
a
little,
it's
a
little
scattered
he's.
If
I
had
to
have
any
criticism
for
aaron,
it's
just
that
he
he
might
be
chasing
too
many
opportunities,
but
but
I
appreciate
that
he's
he's
being
open-minded
there.
I
think
they're
really
focused
on
the
hardware.
They
have
you
know
the
relay
and
the
display
and
the
and
the
microcontroller
that
they're
using
and
because
they're
have
using
a
microcontroller.
They
have
very
serious
limitations.
B
I
mean
that
really
they
they
have
it
configured
to
use
fullstack.cache,
which
is
great
because
that's
probably
the
way
to
get
the
most
amount
of
options
for
a
little
microcontroller,
but
and-
and
it's
also
great,
that
you
know
so-
he's
he's
got
one.
The
original
use
case
was
washing
machines
laundromats.
That
was
the
original
use
case
and
that's
a
good
reason
for
going
with
the
hardware
that
they've
used.
B
But
then
you
start
getting
into
like
point
of
sale
terminals
and
that's
a
much
you
have
to
be
much
more
flexible
with
that
use
case.
It's
not
it's
not
just
cut
and
dry
as
as
ven
as
vending
machines
or
laundromats.
B
So
a
lot
like
so
a
lot
of
what
he
talks
about
is
he's
kind
of
scattered
because
he's
just
likes
talking
about
it
and
he
likes
talking
out
of
people
about.
Oh
what
else
can
we
do
with
this
thing,
which
is
good,
but
I
think
like
eventually
once
he
gets
like
sort
of
model,
one
out,
probably
a
lot
of
that
hardware
needs
to
be
attached
to
a
raspberry
pi
rather
than
a
microcontroller,
so
that
they
can
do
have
a
lot
more.
C
B
C
Yeah,
I
think
I
I
honestly
think
that
what
he's
doing
can
be
fundamental
in
adoption
of
what
the
psf
is
doing
in
the
long
run,
especially
as
you
know,
the
use
case
of
tokens
like,
for
instance,
coffee
shops,
ice
cream,
parlors
farmers
markets
if
there
is
also
a
payment
mechanism
that
allows
people
to
spend
those
tokens
and
redeem
those
tokens
man,
that's
you
know
all
the
pieces
are
in
play
well,.
B
E
So
funny
because,
like
I
I've
put
together
using
chris,
I
didn't
realize
you
were
the
guy
doing
it,
but
these
people,
these,
I
made
some
slp
tokens
and
I
put
together
a
whole
wallet
system,
but
there
was
no
mechanism
to
finish
that
loop.
So
what
you're
doing
I
mean
all
there's
just
so
much
capabilities
now
that
that
this
stuff
is
coming
to
for
that.
I'm
I'm
excited
about
it
and
I'm
glad
we
are
like
bringing
it
up
again.
Yeah.
C
Well
and
then
you
take
the
multi-sig
wallet
and
you
take
say
a
farmer's
market,
say
you're,
a
local
co-op,
farmer's
market
and
you
decide
hey
we're
going
to
use
this
token
for
the
year.
C
B
I've
got
just
you
know
some
milestones,
we've
already
hit
and
then
and
then
the
roadmap
was
something
I
kind
of
iterated
on
in
in
the
telegram
channel
and
got
some
good
feedback
from
from
the
membership,
and
I
tried
to
sort
of
categorize
these,
so
I've
got
them
broken
down
into
the
cache
stack,
the
dex,
the
pay
to
write
database,
the
bridges
and
the
administration,
and
I
won't
go
into
these
because
I
think
it's
better
if
we
do
that
offline.
B
But
basically
what
I'm
trying
to
just
show
is
this
as
much
for
me
as
it
is
for
everyone
else.
It's
just
sort
of
like
here's,
where
we
are
here's
where
we're
going.
If
you
want
to
pitch
in
you
know,
if
any
of
these
things
sort
of
strike
your
fancy
and
you
want
to
pitch
in
again
as
an
intrinsically
motivated
developer.
B
Maybe
you
have
your
own
ulterior
motives
for
for
wanting
to
see
one
of
these
things
happen.
You
know
yeah
pitch
pitch
in
so
it's
a
it's.
That's
mainly
the
purpose
of
this
road
map.
It's
not
so
much
to
sell
anybody
like,
oh
here
we're
going
to
go
here,
just
like
hey
if
you're
a
developer
or
an
entrepreneur-
and
you
want
these
things-
we
want
these
things.
B
Let's
work
together,
so
yeah
go
ahead
and
just
study
that
in
your
own
time,
and
if
it,
if
any
of
you
want
to
talk
about
that
at
greater
detail,
definitely
let
me
know
and
yeah
community
support.
You
know
I
threw
down
the
hundred
dollars
an
hour
if
anybody
wants
paid
support.
That's
that's
more
like
just
a
just
a
fishing
thing
like
okay.
Well,
there's
a
number
to
start
a
discussion
with,
and
then
I
don't
even
know
how
we'd
execute
on
that.
B
Yet,
but
at
least
we
could
start
talking
with
it,
and
that's
that's
pretty
much.
You
know
what
I
wanted
to
share
with
you
guys,
there's
a
whole
bunch
of
other
stuff
on
nfts
that
we
could
talk
about,
but
I'll
open
up
the
floor.
What
do
what
do
you
guys?
Should
we
should
we
end
it
here?
Should
we
let
stoian
talk
about
some
of
his
stuff?
Should
we
talk
about
the
decks
and
nfts,
I
haven't
even
shown
you
guys
the
nft.
I
have
up
on
the
decks
for
sale.
B
A
It's
interesting
about
the
nhts,
maybe
that
you're
talking,
but
I
I
would
think
too
hard
to
see
to
fit
my
stuff
in
10
minutes.
Maybe
so,
if
you
think.
I
I
Hour
on
that
yeah,
it's
just
how
to
see
can
I
share
my
my
screen?
Maybe
you
should
be
able
to.
I
just
enabled
it.
A
I
hope
you
can
see
this
yeah
okay,
so
just
wanted
to
to
introduce
one
interesting
site.
It's
named
guild
dot
xyz
and
it's
like
it's
an
open
source.
They
they
have
like
a
github
repository
and
everything,
so
you
can
create
your
own
like
site,
but
with
what
is
this
thing?
It's
like
a
very
nice
graphical
interface
for
creating
a
token
gated
access
to
many
services.
In
the
moment,
mostly,
it's
like
discord
and
telegram.
A
So
I
created
one
private,
like
telegram
chat
in
order
to
to
go
there,
you
need
to
buy
a
ticket,
and
how
is
this
going
when
you
go
to
this
site,
you
need
to
connect
your
wallets
and
they
support
a
lot
of
blockchains.
You
can
see
our
friend
avalanche
is
here,
which
is
great.
A
A
So,
for
example,
see
now
you
can
have
like
ore
and
and
or
whatever
like
stuff,
and
what
they're
supporting
is
like,
for
example,
token
holders
we
are
talking
now
about
the
the
token
holders
or
coding
an
nft,
and
you
can
exclusively
allow
some
members
to
be
like
white
listed,
and
you
have
a
great
like
form
for
this
one.
A
So
you
can
see
the
integration
they
support.
Our
old
friend
unlock
protocol,
which
what
help
us
this
one
it
can
create
very
easy.
This
kind
of
nfts
like
you,
can
make
them
like
you,
just
create
one
key
here
and
in
my
case
it's
infinite,
but
it
can
be
for
one
month
or
for
whatever
you
can
put
a
price
and
one
more
great
stuff
is
like
you
can
integrate
it,
but
you
can
create
it
immediately.
A
Okay,
do
you
have
in
this
case
nft,
and
if
you
this
button
will
be
enabled
you
click
on
it
and
you
can
go
to
the
telegram
channel
awesome,
but
you
can
have
this
for
five
or
ten
minutes
you
can
have
a
gate,
helps
the
token
gate
with
any
price,
any
conditions
very
easy
to
use.
A
Like
I
don't
know,
and
as
I
mentioned
this
supports
so
many
blockchains
and
I'm
not
sure,
can
this
rules
be
so
flexible
to
have,
for
example,
known,
like
I
don't
know
like
rest
request
to
something,
so
we
can
deal
with
bch
in
some
way.
A
B
What
I'm
wondering,
or
at
least
from
observing
this
it
looks
like
it's:
it's
essentially
a
pay
wall,
so
yeah
once
once
you
once
they
you
get
the
link
to
the
tele
like
it's
not
actually
restricting
access
to
the
telegram
channel
right.
It's
just
restricting
access
to
the
link
that
takes
you
to
the
telegram
channel.
No.
A
A
If
you
want
it's
one
matic
in
the
moment,
I
just
wanted
to
prevent
like
yeah
yeah,
both
but
yeah,
so
it's
combined
and
when
you
first
create
a
guild.
There
is
like
help,
you
can
click
and
it
will
show
it
will
help
you
to
add
the
bot,
because
with
telegram
bot,
you
need
to
know
the
the
id
of
the
group
and
see
it's
a
big
problem
for
everybody
to
figure
it.
But
you
can
see
when
I
had
to
join
this
guild
boat.
A
It
tell
me
like
okay,
your
group
is
this:
one
just
add
this
to
this
interface,
so
everything
is
very,
very
well
automated
and
you
can
have
this
hot
seat
token
based
taxes
like
like
for
10
minutes.
It's
like
pump
up.
I
mean
you're
ready
so
yeah,
it's
a
great
tool
in
the
moment
to
have
like
temporary
token
gee,
help
c,
driven
access
to
to
discord
or
telegram
channels
like
in,
for
example,
vip
channel
but
yeah
for
now
it's
just
on
this
evm
compatible
blockchains.
B
Well,
this
is
really
interesting
to
me
because
one
of
the
things
I've
been
really
thinking
about
part
of
the
reason
why
I
put
everything
together
that
we
just
covered
that
ps
foundation.infosight
is
like.
I
want
to
start
really
identifying
and
focus
on
things
that
matter,
which
I
think
for
us
is,
is
you
know
the
the
dexes
and
the
and
the
bridges
and
the
minting
council,
and
I
want
to
start
leveraging
as
much
as
we
can
so
that
it
we
don't
have
to.
You
know,
create
everything
for
ourselves.
B
So
if
we
could,
you
know
I'd
I'd,
really
love
to
not
maintain
that
vip
bot
anymore,
and
so,
if
we
could
leverage
this
and
and
you
know
achieve
what
we
need
to
achieve,
which
is
increasing
signal
and
decreasing
noise,
then
that's
great,
because
that's
a
lot,
that's
a
lot
of
code.
We
don't
have
to
maintain
anymore,
and
that's
that's
why
I
was
looking.
B
I
spent
a
couple
hours
this
morning,
really
digging
in
the
matrix
and
trying
to
see
if
you
know
asking
myself
like,
what's
the
problem
I'm
trying
to
solve,
and
could
we
use
this
to
solve
that
problem?
Yeah
yeah,
so
I
I
really
like
this
story
and
I'm
gonna
go
check
that
out
myself
because
yeah
I
mean
we
could
if
we
could
reduce
membership
in
the
vip
channel
to
simply
like
we
could
just
create
a
very
simple
web,
app
faucet,
where
it's
like
you.
B
A
B
Yeah,
okay!
Well,
so
this
might
work
for
the
minting
council
too.
We
could.
We
could
have
a
separate
chat
room,
that's
just
for
minting
council
members
and,
of
course,
if
it's
discord
and
telegram
that
kind
of
defeat
I
wanted
to
make
it
like
as
anonymous
friendly
as
possible.
Matrix
is
kind
of
there.
They
require
an
email
for
sign
up,
it's
just
part
of
like
whatever
server
you
run,
and
so
it's
not
that
hard
to
come
up
with
an
anonymous
email,
but
it's
just
one
more
hook
to
jump
through
so
yeah,
something
to
think
about.
E
B
You
know
there's
a
lot
there.
Yeah
I
mean
avalanche
is
so
fully
featured
right
now
and
they've
got
so
much
money.
I'm
really
worried
about
smart
bch.
I
don't
know
if
you
guys
have
been
following
it,
but
they
had
like
a
massive
outage
like
three
days
ago
and
no
one
knows
what
happened
like
only
only
like
whoever
they
had
guy
developer
he's
the
only
one
who
knows,
and
he
still
hasn't
told
anybody
and
like
there.
E
B
Yeah
I
heard
I
saw
imu
name
like
asking
like:
when
are
we
gonna
get
the
postmortem
and
and
then
it
sounds
like
one
of
the
three
validators
has
dropped
out
so
now,
there's
only
two
validators
validating
all
the
transactions
on
the
network.
So
that's
one
step
away
from
centralized.
A
Oh
chris,
you,
he
was
mentioning
something
in
the
hot
seat
in
the
agenda
about
the
cozy.
The
bch
upgrade
that
it
was
go
well
in
so
something.
B
Yeah
yeah,
thanks
for
bringing
that
up,
I
think
most
of
those
other
agenda
items
will
push
out
to
the
next
meeting,
but
yeah
the
may
15th
upgrade
happened
on
both
bitcoin
cash
and
ecash.
There
were
zero
issues.
Everything
went
great
on
both
chains.
B
Not
at
all
yeah
I
mean
I
was
yeah.
Basically,
the
two
upgrades
that
went
into
bitcoin
cash
will
have
zero
impact
to
everything
that
we're
doing.
A
Can,
however,
be
some
like
one
of
the
proposal
was
about
the
group
like
how
to
see
when
you
can
inspect
the
the
output,
I
think
or
the.
B
This
is
on
bitcoin
cash,
not
e-cash
and
and
then
the
native
introspection,
and
so
those
two
changes
really
affect
cache
script
and
any
sort
of
script
script,
language,
and
so
I'm
I'm
watching
the
general
protocols
channel,
because
those
two
were
really
stopping
general
protocols
from
if
you
guys
remember
the
any
hedge,
which
is
a
really
interesting
idea
of
this
sort
of
a
totally
different
approach
to
stable
coins,
where
you
create
a
contra
smart
contract,
essentially
on
the
bitcoin
cash
chain,
and
someone
can
hedge
and
someone
can
long,
and
so
you
need
two
people
to
take
both
sides
of
this
trade
and
it's
it's
usually
a
3x
where
it's
like.
B
If,
if
the
price
of
bitcoin
goes
up,
it
has
a
24-hour
contract.
So
if
the
price
of
bitcoin
goes
up,
the
person
who's
longing
gets
3x
leverage
and
the
person
who's
hedging
will
just
get
the
same
purchasing
power
that
they
got
at
the
end,
regardless
of
how
the
price
changed.
And
so
it's
you
know
a
little
black
magic
is
how
they
make
those
two
things
balance
out,
but
but
that's
the
idea
behind
the
any
hedge.
A
A
Or
something
because
no,
no,
because
it's
very
restricted
it's
exactly
24
hours
and
when
there
is
like
changing
the
price,
it's
even
not
exactly
24
hours,
it's
until
it's
validated
like
the
next
like
transaction,
something
so
sometimes
it's
just
taking
26
hours
or
more
yeah
and
I'm
losing
because.
B
Essentially,
I
don't
know,
if
he's
officially
the
lead
developer
of
of
general
protocols,
but
that's
how
I
I
view
him
and
so
yeah,
I'm
just
waiting
to
see
what
what
they
do
with
with
the
with
these
changes,
but
it'll
it'll
mostly
affect
cache
script.
People
who
want
to
write
cache
script,
scripts.
B
C
I've
learned
a
lot
and
I
I
would
say:
do
we
want
to
put
some
deadlines
on
wrapping
up
final
decisions
on
some
of
this
stuff,
because
you
know
we
can't
kick
that
stuff
around
for
a
while
and
never
make
a
deadline.
You
know
like
do.
We
want
to
have
determine
the
mechanisms
of
the
minting
council
by
x
date?
You
know.
B
Yeah,
I
don't
think
we're
at
a
point
right
now
to
make
those
sorts
of
decisions.
It's
still
really.
The
thing
that's
driving
me
is
well
it's
right
there
in
the
road
map.
I've
got
these
contractual
obligations
with
all
the
labs
and
and
the
ecash
gnc,
so
that
that's
really
the
the
the
the
stick.
B
That's
goading
me
along
right
now
I
really
want
to
get
those
done
and-
and
I
also
like,
as
far
as
the
minting
council
goes
a
lot
of
that
code
with
the
minting
is,
is
you
know
it's
a
sandbox
right
now
it's
an
early
alpha,
so
I
would
love
to
get
some
of
my
obligations
wrapped
up
with
those
other
organizations
and
get
the
decks
in
a
little
bit
of
a
better
place,
just
functionally
and
then
and
then
and
then
yes,
I
really
want
to
focus
on
the
minting
council
and
and
probably
the
first
step
in
that
is
actually
doing
a
practice
run
and
with
you
guys
and
just
so,
we
all
get
a
feel
for
the
process,
but
I'm
happy
with
how
it's
shaping
up
I'm
happy
that
I've
managed
to
get
it
into
like
one
command.
E
B
B
B
B
C
C
And
andrew
was
saying
stuff
andrew
we're
all
jealous
that
you're
down
that
nice
weather
in
mexico
or
wherever
you
are
so
yeah
wherever
the
world
andrew
is
now.
He
could
be
anywhere.