WEBVTT

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<00:00:18.565>in <00:00:18.720>Bitcoin <00:00:18.876>SV <00:00:19.031>talking <00:00:19.187>about <00:00:19.342>use <00:00:19.498>cases <00:00:19.653>other <00:00:19.809>than <00:00:19.965>payments.

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<00:00:21.865>But, <00:00:22.215>um, <00:00:22.564>uh, <00:00:22.915>the <00:00:23.264>title

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<00:00:23.985>of <00:00:24.140>the <00:00:24.296>Bitcoin <00:00:24.451>white <00:00:24.607>paper <00:00:24.762>uses <00:00:24.918>the <00:00:25.073>word <00:00:25.229>electronic <00:00:25.384>cash.

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<00:00:27.025>So <00:00:27.258>of <00:00:27.491>course, <00:00:27.724>payments <00:00:27.958>are <00:00:28.191>important, <00:00:28.424>um,

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<00:00:29.505>but <00:00:29.632>there's <00:00:29.759>a <00:00:29.886>whole <00:00:30.014>lot <00:00:30.141>more <00:00:30.268>to <00:00:30.395>payments <00:00:30.523>than <00:00:30.650>simply <00:00:30.777>the <00:00:30.904>act

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<00:00:32.085>of <00:00:32.285>moving <00:00:32.485>money <00:00:32.685>from <00:00:32.885>one <00:00:33.085>person <00:00:33.285>to <00:00:33.485>another.

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<00:00:34.105>Uh, <00:00:34.245>that <00:00:34.385>process <00:00:34.525>itself, <00:00:34.665>uh, <00:00:34.805>has, <00:00:34.944>uh, <00:00:35.084>has <00:00:35.224>quite <00:00:35.364>a <00:00:35.504>lot

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<00:00:37.325>of <00:00:37.480>steps <00:00:37.636>and <00:00:37.791>can <00:00:37.947>get <00:00:38.102>complicated <00:00:38.258>in, <00:00:38.413>in <00:00:38.569>some <00:00:38.725>cases.

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<00:00:41.145>Um, <00:00:41.272>hand <00:00:41.399>cash <00:00:41.526>is <00:00:41.654>a, <00:00:41.781>is <00:00:41.908>a <00:00:42.035>well-known <00:00:42.163>Bitcoin <00:00:42.290>SV <00:00:42.417>wallet, <00:00:42.545>um,

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<00:00:45.635>that <00:00:45.790>have, <00:00:45.946>uh, <00:00:46.101>really <00:00:46.257>been <00:00:46.412>leading <00:00:46.568>a <00:00:46.723>charge <00:00:46.879>in <00:00:47.035>terms

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<00:00:48.725>of <00:00:48.880>usability, <00:00:49.036>um, <00:00:49.191>to, <00:00:49.347>to <00:00:49.502>improve <00:00:49.658>user <00:00:49.813>experience <00:00:49.969>for, <00:00:50.125>uh,

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<00:00:53.325>people <00:00:53.525>who <00:00:53.725>might <00:00:53.925>be <00:00:54.125>fascinated <00:00:54.325>by <00:00:54.525>Bitcoin <00:00:54.725>sv

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<00:00:56.005>and <00:00:56.238>sometimes <00:00:56.471>people <00:00:56.705>who <00:00:56.938>really <00:00:57.171>don't <00:00:57.405>care.

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<00:00:58.345>But, <00:00:58.500>uh, <00:00:58.656>but <00:00:58.811>just <00:00:58.967>want <00:00:59.122>a <00:00:59.278>useful <00:00:59.433>way <00:00:59.589>of, <00:00:59.745>uh,

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<00:01:00.785>of <00:01:01.352>processing <00:01:01.919>payments.

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<00:01:02.585>So, <00:01:02.725>to <00:01:02.865>tell <00:01:03.005>us <00:01:03.145>about <00:01:03.285>the <00:01:03.425>hand <00:01:03.565>cash <00:01:03.705>connect, <00:01:03.845>API, <00:01:03.985>uh,

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<00:01:05.995>here <00:01:06.111>we've <00:01:06.228>got <00:01:06.345>the <00:01:06.461>CTO <00:01:06.578>of <00:01:06.695>hand <00:01:06.811>cash <00:01:06.928>wrap <00:01:07.045>up, <00:01:07.161>uh, <00:01:07.278>ready <00:01:07.395>to,

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<00:01:09.985>uh, <00:01:10.322>to <00:01:10.660>learn <00:01:10.997>us <00:01:11.335>something.

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<00:01:12.914>Yeah. <00:01:13.195>Thank <00:01:13.475>you <00:01:13.755>Steve. <00:01:14.035>Hi <00:01:14.315>everyone.

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<00:01:16.955>I <00:01:17.188>hope <00:01:17.421>you <00:01:17.655>are, <00:01:17.888>enjoy <00:01:18.121>the <00:01:18.355>weekend.

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<00:01:19.865>Many <00:01:20.409>interesting <00:01:20.954>talks,

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<00:01:21.095>and <00:01:21.375>I <00:01:21.655>hope <00:01:21.935>you're <00:01:22.215>finding <00:01:22.495>inspiration.

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<00:01:24.805>So <00:01:24.980>let <00:01:25.155>me <00:01:25.330>start <00:01:25.505>the <00:01:25.680>presentation. <00:01:25.855>Share <00:01:26.030>my <00:01:26.205>screen.

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<00:01:33.785>Yeah, <00:01:33.912>so <00:01:34.039>I <00:01:34.166>would <00:01:34.294>like <00:01:34.421>to <00:01:34.548>talk <00:01:34.675>about <00:01:34.803>how <00:01:34.930>Hank <00:01:35.057>has <00:01:35.185>connect,

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<00:01:38.975>can <00:01:39.149>help <00:01:39.324>you <00:01:39.500>to <00:01:39.675>find <00:01:39.850>your <00:01:40.024>next <00:01:40.199>business <00:01:40.375>model.

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<00:01:43.805>So <00:01:44.038>of <00:01:44.271>course, <00:01:44.505>everything <00:01:44.738>is <00:01:44.971>about <00:01:45.205>micropayments.

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<00:01:47.335>Micropayments <00:01:47.475>are <00:01:47.615>here <00:01:47.755>to <00:01:47.895>fill <00:01:48.035>the <00:01:48.175>gap <00:01:48.315>between <00:01:48.455>what <00:01:48.595>is <00:01:48.735>free

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<00:01:52.815>and <00:01:53.048>what <00:01:53.281>we <00:01:53.515>consider <00:01:53.748>regular <00:01:53.981>payments, <00:01:54.215>maybe

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<00:01:56.625>nothing <00:01:56.765>less <00:01:56.905>than <00:01:57.045>$5 <00:01:57.185>or <00:01:57.325>$10 <00:01:57.465>or <00:01:57.605>this <00:01:57.745>kind <00:01:57.885>of <00:01:58.025>amount.

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<00:02:01.585>Micropayments <00:02:01.865>are <00:02:02.145>in <00:02:02.425>the <00:02:02.705>range <00:02:02.985>of

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<00:02:04.905>probably <00:02:05.060>something <00:02:05.216>less <00:02:05.371>than <00:02:05.527>1 <00:02:05.682>cent <00:02:05.838>to <00:02:05.993>a <00:02:06.149>few <00:02:06.305>cents,

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<00:02:08.655>something <00:02:09.102>like <00:02:09.549>50 <00:02:09.996>cents.

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<00:02:11.675>And <00:02:11.815>they <00:02:11.955>can <00:02:12.095>help <00:02:12.235>us <00:02:12.375>to <00:02:12.515>catch <00:02:12.655>all <00:02:12.795>these <00:02:12.935>small <00:02:13.075>opportunities

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<00:02:16.765>that <00:02:16.940>we <00:02:17.114>are <00:02:17.290>not <00:02:17.464>able <00:02:17.640>to <00:02:17.815>monetize <00:02:17.989>right <00:02:18.165>now

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<00:02:20.075>because <00:02:20.355>they <00:02:20.635>are <00:02:20.915>not <00:02:21.195>cost <00:02:21.475>effective.

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<00:02:24.255>The <00:02:24.394>problem <00:02:24.535>is <00:02:24.674>right <00:02:24.815>now, <00:02:24.954>maybe <00:02:25.095>someone <00:02:25.234>like <00:02:25.375>Mike, <00:02:25.515>he <00:02:25.655>wants

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<00:02:28.035>to <00:02:28.234>join <00:02:28.435>Bitcoin, <00:02:28.635>he <00:02:28.835>wants <00:02:29.035>to <00:02:29.234>integrate <00:02:29.435>micropayments,

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<00:02:32.704>and <00:02:32.860>he <00:02:33.016>just <00:02:33.171>starts <00:02:33.327>with <00:02:33.482>something <00:02:33.638>like, <00:02:33.793>yeah, <00:02:33.949>I <00:02:34.105>want

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<00:02:35.885>to <00:02:36.084>do <00:02:36.285>the, <00:02:36.484>the <00:02:36.685>hell <00:02:36.885>war <00:02:37.084>with <00:02:37.285>Bitcoin.

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<00:02:38.905>I <00:02:39.032>just <00:02:39.159>want <00:02:39.286>to <00:02:39.414>send <00:02:39.541>something <00:02:39.668>like <00:02:39.795>5 <00:02:39.923>cents <00:02:40.050>to <00:02:40.177>someone <00:02:40.305>else.

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<00:02:43.145>And <00:02:43.425>the <00:02:43.705>issue <00:02:43.985>is <00:02:44.265>it <00:02:44.545>requires

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<00:02:46.715>so <00:02:46.915>many <00:02:47.115>different <00:02:47.315>concepts <00:02:47.515>like <00:02:47.715>the <00:02:47.915>UTXO <00:02:48.115>management,

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<00:02:51.355>you <00:02:51.494>have <00:02:51.635>to <00:02:51.774>learn <00:02:51.915>how <00:02:52.054>to <00:02:52.195>use <00:02:52.334>a <00:02:52.475>script, <00:02:52.614>um, <00:02:52.755>how

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<00:02:54.775>to <00:02:55.125>use <00:02:55.475>the <00:02:55.825>electrical <00:02:56.175>cryptography.

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<00:02:57.725>Then <00:02:57.900>you <00:02:58.075>have <00:02:58.250>to <00:02:58.424>learn <00:02:58.600>about <00:02:58.775>the <00:02:58.950>simplified <00:02:59.125>payment

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<00:03:00.005>verification <00:03:00.204>if <00:03:00.405>you <00:03:00.605>want <00:03:00.805>your <00:03:01.005>application <00:03:01.204>to <00:03:01.405>scale.

48
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<00:03:03.105>And <00:03:03.280>finally, <00:03:03.454>things <00:03:03.630>like <00:03:03.804>how <00:03:03.980>to <00:03:04.155>broadcast <00:03:04.329>the <00:03:04.505>transaction

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<00:03:07.025>all <00:03:07.225>over <00:03:07.425>the <00:03:07.625>network, <00:03:07.825>and <00:03:08.025>even <00:03:08.225>worse, <00:03:08.425>how

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<00:03:09.885>to <00:03:10.234>manage <00:03:10.584>users, <00:03:10.935>private <00:03:11.285>key.

51
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<00:03:11.625>If <00:03:11.780>you <00:03:11.936>want <00:03:12.091>to <00:03:12.247>be <00:03:12.402>custodial, <00:03:12.558>non <00:03:12.713>custodial, <00:03:12.869>all <00:03:13.025>these,

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<00:03:14.985>you <00:03:15.140>know, <00:03:15.296>bunch <00:03:15.451>of <00:03:15.607>concepts <00:03:15.762>that <00:03:15.918>in <00:03:16.073>some <00:03:16.229>cases <00:03:16.385>they,

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<00:03:22.465>you <00:03:22.605>know, <00:03:22.745>you, <00:03:22.885>you <00:03:23.025>get <00:03:23.165>a <00:03:23.305>really <00:03:23.445>bad <00:03:23.585>impression <00:03:23.725>about <00:03:23.865>Bitcoin

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<00:03:24.925>because <00:03:25.191>it <00:03:25.457>shouldn't <00:03:25.724>be <00:03:25.990>so <00:03:26.257>difficult.

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<00:03:27.704>So <00:03:27.860>this <00:03:28.016>is <00:03:28.171>the <00:03:28.327>problem <00:03:28.482>we, <00:03:28.638>we <00:03:28.793>wanted <00:03:28.949>to <00:03:29.105>solve.

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<00:03:30.975>And <00:03:31.208>with <00:03:31.441>he <00:03:31.674>connect <00:03:31.908>all <00:03:32.141>these <00:03:32.375>concepts

57
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<00:03:33.135>and <00:03:33.368>probably <00:03:33.601>all <00:03:33.834>these <00:03:34.068>months <00:03:34.301>of <00:03:34.535>learning

58
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<00:03:36.055>and <00:03:36.288>investment, <00:03:36.521>they <00:03:36.755>can <00:03:36.988>be <00:03:37.221>just <00:03:37.455>something

59
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<00:03:39.975>like <00:03:40.322>that, <00:03:40.671>just <00:03:41.019>pay.

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<00:03:42.085>So <00:03:42.365>you <00:03:42.645>require, <00:03:42.925>um, <00:03:43.205>some <00:03:43.485>sort

61
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<00:03:46.025>of <00:03:46.491>user <00:03:46.958>authentication <00:03:47.425>token,

62
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<00:03:48.915>and <00:03:49.090>once <00:03:49.265>you <00:03:49.440>have <00:03:49.614>the <00:03:49.790>token, <00:03:49.965>you <00:03:50.140>have <00:03:50.315>permissions

63
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<00:03:51.515>to <00:03:51.753>use <00:03:51.992>the <00:03:52.230>user <00:03:52.469>wallet.

64
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<00:03:53.275>So <00:03:53.430>just <00:03:53.586>with <00:03:53.741>this <00:03:53.897>few <00:03:54.052>lines <00:03:54.208>of <00:03:54.363>code, <00:03:54.519>you <00:03:54.675>can

65
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<00:03:56.765>make <00:03:56.904>an <00:03:57.045>actual <00:03:57.184>hell <00:03:57.325>war <00:03:57.464>in <00:03:57.605>Bitcoin <00:03:57.744>in <00:03:57.885>a <00:03:58.024>few <00:03:58.165>minutes.

66
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<00:04:02.495>And <00:04:02.714>how <00:04:02.933>do <00:04:03.152>we <00:04:03.371>get <00:04:03.590>the <00:04:03.809>token?

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<00:04:05.305>So <00:04:05.460>I <00:04:05.616>want <00:04:05.771>to <00:04:05.927>show <00:04:06.082>you <00:04:06.238>guys <00:04:06.393>some <00:04:06.549>small <00:04:06.705>application.

68
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<00:04:08.635>This <00:04:08.834>is <00:04:09.035>one <00:04:09.234>sort <00:04:09.435>of <00:04:09.635>one <00:04:09.834>day <00:04:10.035>application

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<00:04:11.965>that <00:04:12.105>we <00:04:12.245>created <00:04:12.385>internally <00:04:12.525>in <00:04:12.665>just <00:04:12.805>to <00:04:12.945>create <00:04:13.085>some <00:04:13.225>sort <00:04:13.365>of

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<00:04:17.154>stress <00:04:17.434>testing <00:04:17.714>tool <00:04:17.994>for <00:04:18.274>the <00:04:18.554>SDK.

71
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<00:04:20.915>It's <00:04:21.115>called <00:04:21.315>Pay <00:04:21.515>Pistol. <00:04:21.715>So <00:04:21.915>the <00:04:22.115>process <00:04:22.315>is

72
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<00:04:26.105>you <00:04:26.232>are <00:04:26.359>inside <00:04:26.486>the <00:04:26.614>app <00:04:26.741>in <00:04:26.868>Pay <00:04:26.995>Pistol, <00:04:27.123>you <00:04:27.250>press <00:04:27.377>this <00:04:27.505>connect

73
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<00:04:29.965>to <00:04:30.198>button, <00:04:30.431>you're <00:04:30.664>rejected <00:04:30.898>to <00:04:31.131>your <00:04:31.364>account,

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<00:04:35.055>you <00:04:35.255>review <00:04:35.455>the <00:04:35.655>permissions, <00:04:35.855>you <00:04:36.055>give <00:04:36.255>the <00:04:36.455>permission

75
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<00:04:38.355>to <00:04:38.495>the <00:04:38.635>app, <00:04:38.775>and <00:04:38.915>you <00:04:39.055>are <00:04:39.195>redirected <00:04:39.335>back <00:04:39.475>to <00:04:39.615>the <00:04:39.755>application.

76
00:04:42.335 --> 00:04:45.155
<00:04:42.335>So <00:04:42.568>now <00:04:42.801>we <00:04:43.034>can <00:04:43.268>insert <00:04:43.501>a <00:04:43.734>note

77
00:04:46.535 --> 00:04:50.475
<00:04:46.534>and <00:04:46.710>every <00:04:46.885>time <00:04:47.059>that <00:04:47.234>we <00:04:47.409>press <00:04:47.585>this <00:04:47.760>gun <00:04:47.934>button,

78
00:04:51.225 --> 00:04:52.235
<00:04:51.225>it's <00:04:51.452>gonna <00:04:51.679>trigger <00:04:51.906>a <00:04:52.134>payment.

79
00:04:52.865 --> 00:04:53.955
<00:04:52.865>It's <00:04:53.110>as <00:04:53.355>simple <00:04:53.600>as <00:04:53.846>that.

80
00:04:55.545 --> 00:04:58.845
<00:04:55.545>So <00:04:55.825>there's <00:04:56.105>payment, <00:04:56.385>payment, <00:04:56.665>payment, <00:04:56.945>payment,

81
00:04:59.425 --> 00:05:00.565
<00:04:59.425>and <00:04:59.681>we <00:04:59.938>can <00:05:00.194>go <00:05:00.451>faster

82
00:05:00.565 --> 00:05:05.285
<00:05:00.565>because <00:05:00.740>we <00:05:00.915>actually <00:05:01.090>want <00:05:01.265>to <00:05:01.440>stress <00:05:01.615>test <00:05:01.790>our <00:05:01.965>infrastructure.

83
00:05:05.865 --> 00:05:07.565
<00:05:05.865>So <00:05:06.065>you <00:05:06.265>can <00:05:06.465>go <00:05:06.665>as <00:05:06.865>fast <00:05:07.065>as <00:05:07.265>that.

84
00:05:10.175 --> 00:05:13.835
<00:05:10.175>And <00:05:10.302>as <00:05:10.429>I <00:05:10.556>said, <00:05:10.684>it's <00:05:10.811>something <00:05:10.938>that <00:05:11.065>they <00:05:11.193>require <00:05:11.320>a <00:05:11.447>few <00:05:11.575>hours

85
00:05:14.095 --> 00:05:17.465
<00:05:14.095>and <00:05:14.561>they, <00:05:15.028>they <00:05:15.495>weren't

86
00:05:18.355 --> 00:05:19.685
<00:05:18.355>like <00:05:18.754>our <00:05:19.153>best <00:05:19.552>programmers.

87
00:05:20.285 --> 00:05:22.005
<00:05:20.285>I <00:05:20.751>mean, <00:05:21.218>it's <00:05:21.685>people

88
00:05:22.035 --> 00:05:24.485
<00:05:22.035>that <00:05:22.235>they <00:05:22.435>don't <00:05:22.635>even <00:05:22.835>really <00:05:23.035>know <00:05:23.235>about <00:05:23.435>the,

89
00:05:25.185 --> 00:05:26.845
<00:05:25.185>the <00:05:25.535>big <00:05:25.885>concepts <00:05:26.235>of <00:05:26.585>Bitcoin.

90
00:05:29.465 --> 00:05:34.095
<00:05:29.465>So <00:05:29.620>I <00:05:29.776>want <00:05:29.931>to <00:05:30.087>focus <00:05:30.242>today <00:05:30.398>on <00:05:30.553>just <00:05:30.709>on <00:05:30.864>payments

91
00:05:34.755 --> 00:05:38.735
<00:05:34.755>and <00:05:34.955>in <00:05:35.155>particular <00:05:35.355>these <00:05:35.555>three <00:05:35.755>features, <00:05:35.955>instant <00:05:36.155>payments,

92
00:05:39.645 --> 00:05:42.805
<00:05:39.645>payment, <00:05:39.995>escrows, <00:05:40.344>and <00:05:40.695>payment <00:05:41.044>streams.

93
00:05:44.575 --> 00:05:47.755
<00:05:44.575>So <00:05:44.775>instant <00:05:44.974>payments <00:05:45.175>is <00:05:45.375>probably <00:05:45.575>the <00:05:45.775>concept <00:05:45.974>we

94
00:05:47.755 --> 00:05:49.115
<00:05:47.755>are <00:05:48.163>used <00:05:48.571>the <00:05:48.979>most.

95
00:05:49.705 --> 00:05:52.995
<00:05:49.705>They <00:05:49.905>are <00:05:50.104>just <00:05:50.305>realtime <00:05:50.505>payments <00:05:50.705>with <00:05:50.905>no <00:05:51.104>intermediaries.

96
00:05:53.135 --> 00:05:57.065
<00:05:53.135>So <00:05:53.485>the <00:05:53.835>sender <00:05:54.185>just <00:05:54.534>can,

97
00:05:57.195 --> 00:06:00.935
<00:05:57.195>can <00:05:57.335>send <00:05:57.474>something <00:05:57.615>like <00:05:57.755>10 <00:05:57.895>cents <00:05:58.034>to <00:05:58.175>the <00:05:58.315>receiver <00:05:58.455>real <00:05:58.594>time.

98
00:06:02.155 --> 00:06:03.975
<00:06:02.155>And <00:06:02.505>that's <00:06:02.854>all <00:06:03.205>really <00:06:03.554>simple.

99
00:06:05.835 --> 00:06:09.615
<00:06:05.835>The <00:06:05.974>code <00:06:06.114>that <00:06:06.255>you <00:06:06.395>require, <00:06:06.534>it's <00:06:06.674>something <00:06:06.815>like <00:06:06.955>that <00:06:07.094>is <00:06:07.234>the,

100
00:06:09.635 --> 00:06:12.015
<00:06:09.635>the <00:06:09.868>Hello <00:06:10.101>Water, <00:06:10.335>I <00:06:10.568>saw <00:06:10.801>you <00:06:11.034>before.

101
00:06:13.215 --> 00:06:15.395
<00:06:13.215>You <00:06:13.370>just <00:06:13.526>have <00:06:13.681>to <00:06:13.837>specify. <00:06:13.992>Once <00:06:14.148>you <00:06:14.303>have <00:06:14.459>the <00:06:14.614>token,

102
00:06:15.395 --> 00:06:19.035
<00:06:15.395>you <00:06:15.550>just <00:06:15.706>specify, <00:06:15.861>um, <00:06:16.017>like <00:06:16.172>the <00:06:16.328>description <00:06:16.483>for <00:06:16.639>the <00:06:16.794>payment

103
00:06:20.025 --> 00:06:22.605
<00:06:20.025>and <00:06:20.304>who's <00:06:20.585>gonna <00:06:20.864>receive <00:06:21.145>the <00:06:21.424>payment.

104
00:06:22.705 --> 00:06:27.205
<00:06:22.705>So <00:06:22.880>destination <00:06:23.055>currency <00:06:23.229>code, <00:06:23.405>you <00:06:23.580>can <00:06:23.755>use <00:06:23.930>fiat <00:06:24.104>currencies

105
00:06:27.265 --> 00:06:32.065
<00:06:27.265>and <00:06:27.381>you <00:06:27.498>can <00:06:27.615>also <00:06:27.731>use <00:06:27.848>SATs, <00:06:27.965>and <00:06:28.081>of <00:06:28.198>course <00:06:28.315>you <00:06:28.431>can <00:06:28.548>use <00:06:28.664>handles

106
00:06:32.365 --> 00:06:33.505
<00:06:32.365>and <00:06:32.878>any <00:06:33.391>payment.

107
00:06:36.125 --> 00:06:38.785
<00:06:36.125>The <00:06:36.358>second <00:06:36.591>concept <00:06:36.825>are <00:06:37.058>the <00:06:37.291>payment <00:06:37.525>escrows.

108
00:06:40.595 --> 00:06:44.725
<00:06:40.595>So <00:06:40.735>the <00:06:40.875>idea <00:06:41.015>with <00:06:41.155>escrows <00:06:41.295>is <00:06:41.435>we <00:06:41.575>want <00:06:41.715>to <00:06:41.855>make <00:06:41.995>sure

109
00:06:44.725 --> 00:06:47.325
<00:06:44.725>that <00:06:44.865>the <00:06:45.005>money <00:06:45.145>is <00:06:45.285>gonna <00:06:45.425>be <00:06:45.565>in <00:06:45.705>place <00:06:45.845>at <00:06:45.985>the <00:06:46.125>time

110
00:06:47.875 --> 00:06:49.485
<00:06:47.875>that <00:06:48.225>the <00:06:48.575>deal <00:06:48.925>is <00:06:49.275>execute.

111
00:06:50.385 --> 00:06:52.595
<00:06:50.385>Because <00:06:50.560>at <00:06:50.735>the <00:06:50.909>beginning <00:06:51.085>we <00:06:51.260>know <00:06:51.435>that <00:06:51.610>we <00:06:51.784>want

112
00:06:52.595 --> 00:06:55.675
<00:06:52.595>to <00:06:52.735>pay <00:06:52.875>10 <00:06:53.015>cents, <00:06:53.155>but <00:06:53.295>we <00:06:53.435>don't <00:06:53.575>know <00:06:53.715>the <00:06:53.855>receiver <00:06:53.995>yet.

113
00:06:56.465 --> 00:06:58.605
<00:06:56.465>So <00:06:56.640>there's <00:06:56.815>a <00:06:56.990>bunch <00:06:57.165>of <00:06:57.340>new <00:06:57.515>cases <00:06:57.690>for <00:06:57.865>that.

114
00:06:58.865 --> 00:07:01.885
<00:06:58.865>So <00:06:59.098>we <00:06:59.331>decided <00:06:59.565>to <00:06:59.798>wrap <00:07:00.031>in <00:07:00.265>a,

115
00:07:01.885 --> 00:07:04.205
<00:07:01.885>from <00:07:02.118>a <00:07:02.351>high <00:07:02.585>level <00:07:02.818>perspective, <00:07:03.051>this <00:07:03.284>concept.

116
00:07:06.385 --> 00:07:09.125
<00:07:06.385>So <00:07:06.618>there <00:07:06.851>are, <00:07:07.085>um, <00:07:07.318>two <00:07:07.551>main <00:07:07.784>steps.

117
00:07:09.855 --> 00:07:13.725
<00:07:09.855>Again, <00:07:10.030>we <00:07:10.205>have <00:07:10.380>to <00:07:10.555>initialize <00:07:10.730>using <00:07:10.905>the <00:07:11.080>authorization <00:07:11.255>token.

118
00:07:14.345 --> 00:07:18.725
<00:07:14.345>And <00:07:14.461>then <00:07:14.578>the <00:07:14.695>first <00:07:14.811>step <00:07:14.928>is <00:07:15.045>when <00:07:15.161>we <00:07:15.278>lock <00:07:15.395>the <00:07:15.511>amount <00:07:15.628>from <00:07:15.745>the

119
00:07:18.725 --> 00:07:23.305
<00:07:18.725>wallet, <00:07:19.075>and <00:07:19.425>eventually <00:07:19.775>we <00:07:20.125>process

120
00:07:23.845 --> 00:07:25.905
<00:07:23.845>the <00:07:24.125>payment <00:07:24.405>escrow <00:07:24.685>at <00:07:24.965>the <00:07:25.245>time

121
00:07:25.905 --> 00:07:27.905
<00:07:25.905>that <00:07:26.104>we <00:07:26.304>know <00:07:26.505>who's <00:07:26.705>gonna <00:07:26.905>receive <00:07:27.104>the <00:07:27.304>money.

122
00:07:28.405 --> 00:07:30.465
<00:07:28.405>So <00:07:28.560>we <00:07:28.716>can <00:07:28.871>do <00:07:29.027>something <00:07:29.182>like <00:07:29.338>we <00:07:29.493>lock <00:07:29.649>10 <00:07:29.804>cents,

123
00:07:31.295 --> 00:07:33.475
<00:07:31.295>and <00:07:31.435>at <00:07:31.575>the <00:07:31.715>end <00:07:31.855>of <00:07:31.995>the <00:07:32.135>process <00:07:32.275>when <00:07:32.415>we <00:07:32.555>want <00:07:32.695>to

124
00:07:34.305 --> 00:07:38.065
<00:07:34.305>execute <00:07:34.505>the <00:07:34.705>deal, <00:07:34.905>we <00:07:35.105>can <00:07:35.305>specify <00:07:35.505>the <00:07:35.705>receiver

125
00:07:38.285 --> 00:07:42.425
<00:07:38.284>and <00:07:38.412>maybe <00:07:38.539>something <00:07:38.666>like <00:07:38.794>get, <00:07:38.921>um, <00:07:39.048>a <00:07:39.175>fee <00:07:39.303>for <00:07:39.430>the <00:07:39.557>service <00:07:39.684>for

126
00:07:43.025 --> 00:07:45.865
<00:07:43.025>offering, <00:07:43.375>um, <00:07:43.724>providing <00:07:44.075>the <00:07:44.424>platform

127
00:07:45.885 --> 00:07:46.905
<00:07:45.885>and <00:07:46.191>offering <00:07:46.496>the <00:07:46.803>service.

128
00:07:49.715 --> 00:07:52.135
<00:07:49.715>And <00:07:49.995>finally <00:07:50.275>we <00:07:50.555>have <00:07:50.835>payment <00:07:51.115>streams.

129
00:07:52.925 --> 00:07:55.865
<00:07:52.925>So <00:07:53.100>it's <00:07:53.275>some <00:07:53.450>sort <00:07:53.625>of <00:07:53.800>payment <00:07:53.975>when <00:07:54.150>we <00:07:54.325>know

130
00:07:55.865 --> 00:07:57.145
<00:07:55.865>who <00:07:56.249>the <00:07:56.633>receiver <00:07:57.017>is,

131
00:07:58.615 --> 00:08:02.155
<00:07:58.615>but <00:07:58.742>we <00:07:58.869>don't <00:07:58.996>know <00:07:59.124>when <00:07:59.251>the <00:07:59.378>deal <00:07:59.505>is <00:07:59.633>going <00:07:59.760>to <00:07:59.887>be <00:08:00.015>closed.

132
00:08:02.455 --> 00:08:06.435
<00:08:02.455>So <00:08:02.594>we <00:08:02.734>are <00:08:02.875>gonna <00:08:03.015>be <00:08:03.155>increasing <00:08:03.294>the <00:08:03.435>amount <00:08:03.575>until <00:08:03.715>we <00:08:03.854>decide

133
00:08:06.435 --> 00:08:07.595
<00:08:06.435>to <00:08:06.783>close <00:08:07.131>the <00:08:07.479>deal.

134
00:08:09.515 --> 00:08:12.455
<00:08:09.515>So <00:08:09.715>we <00:08:09.914>have <00:08:10.115>three <00:08:10.315>steps <00:08:10.515>in <00:08:10.715>this <00:08:10.914>process.

135
00:08:13.475 --> 00:08:17.065
<00:08:13.475>One <00:08:13.630>is <00:08:13.786>when <00:08:13.941>we <00:08:14.097>create <00:08:14.252>the <00:08:14.408>payment <00:08:14.563>stream, <00:08:14.719>we <00:08:14.875>specify

136
00:08:18.145 --> 00:08:20.945
<00:08:18.145>receivers <00:08:18.424>amounts <00:08:18.705>subscription, <00:08:18.984>same <00:08:19.265>as <00:08:19.544>before.

137
00:08:22.285 --> 00:08:25.705
<00:08:22.285>But <00:08:22.635>anytime <00:08:22.985>during <00:08:23.335>the <00:08:23.685>process,

138
00:08:26.165 --> 00:08:28.105
<00:08:26.165>we <00:08:26.398>can <00:08:26.631>just <00:08:26.865>update <00:08:27.098>the <00:08:27.331>payment <00:08:27.565>stream,

139
00:08:29.125 --> 00:08:30.245
<00:08:29.125>changing <00:08:29.461>the <00:08:29.797>different <00:08:30.133>amounts,

140
00:08:31.655 --> 00:08:34.635
<00:08:31.655>and <00:08:31.810>then <00:08:31.966>finally <00:08:32.121>we <00:08:32.277>can <00:08:32.432>just <00:08:32.588>close <00:08:32.743>the <00:08:32.899>payment <00:08:33.054>stream

141
00:08:35.415 --> 00:08:38.235
<00:08:35.414>and <00:08:35.615>it's <00:08:35.814>when <00:08:36.015>the <00:08:36.214>receivers <00:08:36.414>get <00:08:36.615>the <00:08:36.814>money.

142
00:08:41.345 --> 00:08:45.845
<00:08:41.345>So <00:08:41.520>now <00:08:41.695>I <00:08:41.870>want <00:08:42.045>you <00:08:42.220>to <00:08:42.395>just <00:08:42.570>think <00:08:42.745>about

143
00:08:46.955 --> 00:08:48.285
<00:08:46.955>what <00:08:47.194>you <00:08:47.433>can <00:08:47.673>create <00:08:47.912>with <00:08:48.151>this,

144
00:08:49.185 --> 00:08:52.675
<00:08:49.185>and <00:08:49.340>I <00:08:49.496>will <00:08:49.651>be <00:08:49.807>showing <00:08:49.962>you <00:08:50.118>different, <00:08:50.273>different <00:08:50.429>use <00:08:50.584>cases,

145
00:08:53.255 --> 00:08:58.025
<00:08:53.255>um, <00:08:53.430>different <00:08:53.605>ideas <00:08:53.780>that <00:08:53.955>we <00:08:54.130>can <00:08:54.305>explore <00:08:54.480>to <00:08:54.655>create

146
00:08:58.845 --> 00:09:01.745
<00:08:58.845>new <00:08:59.045>businesses <00:08:59.245>and <00:08:59.445>new <00:08:59.645>products <00:08:59.845>using <00:09:00.045>this <00:09:00.245>concept.

147
00:09:03.845 --> 00:09:08.125
<00:09:03.845>So <00:09:03.961>the <00:09:04.078>first <00:09:04.195>idea <00:09:04.311>I <00:09:04.428>want <00:09:04.545>to <00:09:04.661>share <00:09:04.778>with <00:09:04.895>you <00:09:05.011>is <00:09:05.128>this <00:09:05.245>concept

148
00:09:08.305 --> 00:09:10.805
<00:09:08.305>of <00:09:08.771>health <00:09:09.238>data <00:09:09.704>marketplace.

149
00:09:11.545 --> 00:09:14.485
<00:09:11.545>So <00:09:11.778>imagine <00:09:12.011>that <00:09:12.245>you <00:09:12.478>can <00:09:12.711>get <00:09:12.944>paid

150
00:09:14.625 --> 00:09:17.795
<00:09:14.625>for <00:09:14.905>sharing <00:09:15.185>your <00:09:15.465>more <00:09:15.745>words, <00:09:16.025>data

151
00:09:19.245 --> 00:09:20.535
<00:09:19.245>like <00:09:19.438>this <00:09:19.632>one <00:09:19.825>that <00:09:20.019>I <00:09:20.212>have <00:09:20.406>here.

152
00:09:20.955 --> 00:09:25.175
<00:09:20.955>So <00:09:21.130>every <00:09:21.305>time <00:09:21.480>during <00:09:21.655>the <00:09:21.830>day, <00:09:22.005>I'm <00:09:22.180>generating <00:09:22.355>some

153
00:09:25.965 --> 00:09:28.695
<00:09:25.965>data <00:09:26.165>that <00:09:26.365>right <00:09:26.565>now <00:09:26.765>is <00:09:26.965>not <00:09:27.165>being <00:09:27.365>monetized.

154
00:09:29.335 --> 00:09:31.995
<00:09:29.335>And <00:09:29.510>of <00:09:29.685>course <00:09:29.860>this <00:09:30.035>is <00:09:30.210>something <00:09:30.385>that <00:09:30.560>is <00:09:30.735>valuable,

155
00:09:32.495 --> 00:09:35.355
<00:09:32.495>it <00:09:32.695>is <00:09:32.895>valuable <00:09:33.095>for, <00:09:33.295>for <00:09:33.495>someone <00:09:33.695>for <00:09:33.895>researching.

156
00:09:35.965 --> 00:09:38.315
<00:09:35.965>There <00:09:36.315>are <00:09:36.665>many <00:09:37.015>different <00:09:37.365>purposes,

157
00:09:38.415 --> 00:09:42.535
<00:09:38.415>but <00:09:38.589>we <00:09:38.765>don't <00:09:38.939>have <00:09:39.115>any <00:09:39.290>way <00:09:39.464>to <00:09:39.640>monetize <00:09:39.814>that.

158
00:09:42.695 --> 00:09:44.895
<00:09:42.695>I <00:09:42.870>mean, <00:09:43.045>how <00:09:43.220>much <00:09:43.395>can <00:09:43.570>you <00:09:43.745>pay <00:09:43.920>for <00:09:44.095>that

159
00:09:45.765 --> 00:09:47.135
<00:09:45.765>with <00:09:45.970>the <00:09:46.175>tools <00:09:46.381>that <00:09:46.587>we <00:09:46.792>have <00:09:46.998>now?

160
00:09:48.455 --> 00:09:51.835
<00:09:48.455>But <00:09:48.630>maybe <00:09:48.805>now <00:09:48.980>there's <00:09:49.155>one <00:09:49.330>opportunity <00:09:49.505>to <00:09:49.680>monetize <00:09:49.855>this

161
00:09:52.525 --> 00:09:53.715
<00:09:52.525>maybe <00:09:52.792>for <00:09:53.060>a <00:09:53.328>few <00:09:53.596>cents.

162
00:09:54.075 --> 00:09:57.275
<00:09:54.075>I <00:09:54.250>imagine <00:09:54.425>receiving <00:09:54.600>a <00:09:54.775>few <00:09:54.950>cents <00:09:55.125>every <00:09:55.300>day <00:09:55.475>just

163
00:09:57.375 --> 00:09:58.755
<00:09:57.375>for <00:09:57.996>being <00:09:58.617>alive.

164
00:10:00.795 --> 00:10:02.855
<00:10:00.795>The <00:10:01.074>way <00:10:01.354>we <00:10:01.635>can <00:10:01.915>implement <00:10:02.194>this

165
00:10:03.735 --> 00:10:06.575
<00:10:03.735>business <00:10:03.935>model <00:10:04.135>is <00:10:04.335>using <00:10:04.535>the <00:10:04.735>instant <00:10:04.935>payment <00:10:05.135>feature,

166
00:10:07.635 --> 00:10:11.365
<00:10:07.635>and <00:10:07.775>it <00:10:07.915>will <00:10:08.055>be <00:10:08.194>just <00:10:08.335>something <00:10:08.475>like <00:10:08.615>that, <00:10:08.755>the <00:10:08.895>data <00:10:09.035>buyer,

167
00:10:12.515 --> 00:10:16.815
<00:10:12.515>um, <00:10:12.689>authorized <00:10:12.865>hand <00:10:13.040>to <00:10:13.215>spend <00:10:13.390>money <00:10:13.564>on <00:10:13.740>their <00:10:13.915>behalf.

168
00:10:18.095 --> 00:10:20.795
<00:10:18.095>This <00:10:18.328>is <00:10:18.561>the <00:10:18.795>token <00:10:19.028>that <00:10:19.261>we <00:10:19.495>use.

169
00:10:22.695 --> 00:10:27.435
<00:10:22.695>And <00:10:22.870>then <00:10:23.045>anytime <00:10:23.220>that <00:10:23.395>we <00:10:23.570>find <00:10:23.745>some, <00:10:23.920>um, <00:10:24.095>set

170
00:10:27.615 --> 00:10:32.515
<00:10:27.615>of <00:10:27.755>data <00:10:27.895>that <00:10:28.035>matches <00:10:28.175>with <00:10:28.315>the <00:10:28.455>data <00:10:28.595>that <00:10:28.735>this <00:10:28.875>buyer <00:10:29.015>wants

171
00:10:32.555 --> 00:10:36.555
<00:10:32.555>to <00:10:32.682>buy, <00:10:32.809>imagine <00:10:32.936>he <00:10:33.064>wants <00:10:33.191>to <00:10:33.318>focus <00:10:33.445>on <00:10:33.573>people <00:10:33.700>between, <00:10:33.827>uh, <00:10:33.954>20

172
00:10:36.735 --> 00:10:39.395
<00:10:36.735>and <00:10:36.935>40 <00:10:37.135>years <00:10:37.335>or <00:10:37.535>just <00:10:37.735>males <00:10:37.935>or <00:10:38.135>females

173
00:10:39.455 --> 00:10:42.835
<00:10:39.455>or <00:10:39.610>some <00:10:39.766>sort <00:10:39.921>of <00:10:40.077>criteria <00:10:40.232>is <00:10:40.388>when <00:10:40.543>we <00:10:40.699>can <00:10:40.855>just

174
00:10:44.225 --> 00:10:46.025
<00:10:44.225>purchase <00:10:44.925>more <00:10:45.625>data.

175
00:10:47.265 --> 00:10:48.875
<00:10:47.265>It's <00:10:47.498>just <00:10:47.731>a <00:10:47.965>few <00:10:48.198>lines <00:10:48.431>of <00:10:48.665>codes.

176
00:10:52.745 --> 00:10:54.565
<00:10:52.745>If <00:10:53.095>you <00:10:53.445>have <00:10:53.795>any <00:10:54.145>questions

177
00:10:54.745 --> 00:10:59.285
<00:10:54.745>or <00:10:54.885>anything <00:10:55.025>anytime, <00:10:55.165>just <00:10:55.305>we <00:10:55.445>will <00:10:55.585>be <00:10:55.725>answering <00:10:55.865>at <00:10:56.005>the <00:10:56.145>end.

178
00:10:59.315 --> 00:11:00.405
<00:10:59.315>Just <00:10:59.642>a <00:10:59.969>small <00:11:00.295>reminder.

179
00:11:02.145 --> 00:11:03.205
<00:11:02.145>The <00:11:02.622>second <00:11:03.099>idea

180
00:11:03.265 --> 00:11:06.885
<00:11:03.265>or <00:11:03.439>the <00:11:03.615>second <00:11:03.790>concept <00:11:03.965>are <00:11:04.140>something <00:11:04.314>like <00:11:04.490>premium <00:11:04.665>alerts.

181
00:11:07.705 --> 00:11:11.515
<00:11:07.705>So <00:11:08.171>imagine <00:11:08.638>receiving <00:11:09.105>alerts

182
00:11:12.025 --> 00:11:15.635
<00:11:12.025>that <00:11:12.199>are <00:11:12.375>really <00:11:12.550>rare, <00:11:12.725>but <00:11:12.900>they <00:11:13.074>are <00:11:13.250>actually <00:11:13.425>valuable

183
00:11:16.825 --> 00:11:20.725
<00:11:16.825>and <00:11:16.941>we <00:11:17.058>can <00:11:17.175>just <00:11:17.291>pay <00:11:17.408>a <00:11:17.525>small <00:11:17.641>amount <00:11:17.758>just <00:11:17.875>to <00:11:17.991>get <00:11:18.108>this <00:11:18.225>alert.

184
00:11:22.165 --> 00:11:24.505
<00:11:22.165>One <00:11:22.398>example <00:11:22.631>of <00:11:22.865>that <00:11:23.098>can <00:11:23.331>be <00:11:23.564>pay

185
00:11:24.505 --> 00:11:27.705
<00:11:24.505>to <00:11:24.738>receive <00:11:24.971>email <00:11:25.205>notifications, <00:11:25.438>aboutt <00:11:25.671>flight <00:11:25.905>tickets.

186
00:11:28.775 --> 00:11:30.745
<00:11:28.775>It's <00:11:29.008>something <00:11:29.241>that <00:11:29.475>of <00:11:29.708>course <00:11:29.941>has <00:11:30.175>value.

187
00:11:31.685 --> 00:11:36.155
<00:11:31.685>Um, <00:11:31.859>maybe <00:11:32.035>it's <00:11:32.209>not <00:11:32.385>the <00:11:32.560>unique <00:11:32.734>idea <00:11:32.910>of <00:11:33.084>course,

188
00:11:37.305 --> 00:11:41.585
<00:11:37.305>but <00:11:37.444>hey, <00:11:37.584>it's <00:11:37.724>something <00:11:37.864>that <00:11:38.005>maybe <00:11:38.145>it <00:11:38.285>deserves <00:11:38.425>to <00:11:38.564>be <00:11:38.704>paid,

189
00:11:42.245 --> 00:11:45.265
<00:11:42.245>rather <00:11:42.478>than <00:11:42.711>just <00:11:42.945>giving <00:11:43.178>our <00:11:43.411>personal <00:11:43.645>information

190
00:11:45.365 --> 00:11:48.065
<00:11:45.365>or, <00:11:45.715>um, <00:11:46.065>any <00:11:46.415>other <00:11:46.765>alternative

191
00:11:48.065 --> 00:11:49.425
<00:11:48.065>that <00:11:48.309>doesn't <00:11:48.554>seem <00:11:48.799>to <00:11:49.044>be <00:11:49.289>working.

192
00:11:49.725 --> 00:11:53.605
<00:11:49.725>We <00:11:49.925>can <00:11:50.125>just <00:11:50.325>monetize <00:11:50.525>this, <00:11:50.725>this <00:11:50.925>sort <00:11:51.125>of

193
00:11:54.185 --> 00:11:55.765
<00:11:54.185>alerts <00:11:54.885>straight <00:11:55.584>away.

194
00:11:56.935 --> 00:11:59.885
<00:11:56.935>Again, <00:11:57.074>we <00:11:57.214>are <00:11:57.354>going <00:11:57.494>to <00:11:57.635>be <00:11:57.775>using <00:11:57.915>instant <00:11:58.055>payments <00:11:58.194>in <00:11:58.334>this

195
00:11:59.885 --> 00:12:03.625
<00:11:59.885>case, <00:12:00.085>and <00:12:00.285>it's <00:12:00.485>just <00:12:00.685>a <00:12:00.885>feeling <00:12:01.085>of <00:12:01.285>code.

196
00:12:04.365 --> 00:12:08.905
<00:12:04.365>We <00:12:04.565>have <00:12:04.765>the, <00:12:04.965>uh, <00:12:05.165>alert <00:12:05.365>receiver <00:12:05.565>authorization <00:12:05.765>token.

197
00:12:09.775 --> 00:12:14.115
<00:12:09.775>So <00:12:09.949>every <00:12:10.125>time <00:12:10.300>that <00:12:10.475>we <00:12:10.650>trigger, <00:12:10.824>um, <00:12:11.000>the <00:12:11.175>alert,

198
00:12:14.495 --> 00:12:18.795
<00:12:14.495>the <00:12:14.650>email <00:12:14.806>is <00:12:14.961>when <00:12:15.117>we <00:12:15.272>can <00:12:15.428>charge <00:12:15.583>the <00:12:15.739>alert <00:12:15.895>receiver.

199
00:12:19.175 --> 00:12:22.765
<00:12:19.175>And <00:12:19.349>it <00:12:19.525>could <00:12:19.699>be <00:12:19.875>something <00:12:20.050>like <00:12:20.224>just <00:12:20.400>one <00:12:20.574>plane

200
00:12:22.765 --> 00:12:24.605
<00:12:22.765>of <00:12:23.115>code <00:12:23.465>split <00:12:23.814>into <00:12:24.165>three

201
00:12:24.625 --> 00:12:29.585
<00:12:24.625>or <00:12:24.780>four <00:12:24.936>where <00:12:25.091>the <00:12:25.247>alert <00:12:25.402>service <00:12:25.558>is <00:12:25.713>receiving <00:12:25.869>the <00:12:26.025>fee,

202
00:12:30.875 --> 00:12:32.085
<00:12:30.875>this <00:12:31.238>5 <00:12:31.601>cents <00:12:31.964>fee.

203
00:12:35.385 --> 00:12:38.245
<00:12:35.385>Another <00:12:35.851>idea, <00:12:36.318>competitive <00:12:36.785>gaming.

204
00:12:39.225 --> 00:12:43.115
<00:12:39.225>Imagine <00:12:39.425>doing <00:12:39.625>small <00:12:39.825>bets <00:12:40.025>every <00:12:40.225>time <00:12:40.425>you <00:12:40.625>play

205
00:12:43.975 --> 00:12:48.195
<00:12:43.975>to <00:12:44.150>make <00:12:44.325>the <00:12:44.500>game <00:12:44.675>like <00:12:44.850>more <00:12:45.025>spicy, <00:12:45.200>more <00:12:45.375>interesting,

206
00:12:49.715 --> 00:12:53.565
<00:12:49.715>and <00:12:49.948>it's <00:12:50.181>something <00:12:50.415>we <00:12:50.648>can <00:12:50.881>integrate <00:12:51.115>everywhere.

207
00:12:53.875 --> 00:12:56.805
<00:12:53.875>Connect <00:12:54.050>is <00:12:54.225>something <00:12:54.400>that <00:12:54.575>was <00:12:54.750>built <00:12:54.925>to <00:12:55.100>be <00:12:55.275>integrated

208
00:12:57.485 --> 00:12:59.485
<00:12:57.485>anywhere, <00:12:57.835>so <00:12:58.185>we <00:12:58.535>can <00:12:58.885>integrate.

209
00:12:59.715 --> 00:13:03.125
<00:12:59.715>This <00:12:59.815>is <00:12:59.915>a <00:13:00.015>game <00:13:00.115>that <00:13:00.215>I <00:13:00.315>I <00:13:00.415>used <00:13:00.515>to <00:13:00.615>play. <00:13:00.715>I <00:13:00.815>recommend <00:13:00.915>it <00:13:01.015>to <00:13:01.115>you.

210
00:13:03.275 --> 00:13:06.655
<00:13:03.275>It's <00:13:03.555>called <00:13:03.834>um, <00:13:04.115>11 <00:13:04.395>Tennis <00:13:04.675>Table.

211
00:13:08.075 --> 00:13:09.535
<00:13:08.075>So <00:13:08.403>imagine <00:13:08.732>something <00:13:09.060>like <00:13:09.389>just

212
00:13:10.485 --> 00:13:14.115
<00:13:10.485>betting <00:13:10.660>something <00:13:10.835>like <00:13:11.010>10 <00:13:11.185>cents <00:13:11.360>every <00:13:11.535>time <00:13:11.710>you <00:13:11.885>play

213
00:13:14.655 --> 00:13:17.345
<00:13:14.655>and <00:13:14.855>the <00:13:15.055>winner <00:13:15.255>gets <00:13:15.454>the, <00:13:15.655>gets <00:13:15.855>the <00:13:16.055>pot.

214
00:13:19.395 --> 00:13:22.895
<00:13:19.395>In <00:13:19.569>this <00:13:19.745>case, <00:13:19.920>I <00:13:20.095>want <00:13:20.270>to <00:13:20.444>show <00:13:20.620>you <00:13:20.795>how

215
00:13:23.735 --> 00:13:25.295
<00:13:23.735>escrow <00:13:24.085>payments <00:13:24.435>will <00:13:24.785>be <00:13:25.135>used.

216
00:13:28.085 --> 00:13:31.025
<00:13:28.085>In <00:13:28.285>this <00:13:28.485>case, <00:13:28.685>we <00:13:28.885>have <00:13:29.085>two <00:13:29.285>different <00:13:29.485>participants.

217
00:13:31.725 --> 00:13:33.985
<00:13:31.725>We <00:13:31.925>have <00:13:32.125>player <00:13:32.325>one, <00:13:32.525>we <00:13:32.725>have <00:13:32.925>player <00:13:33.125>two.

218
00:13:35.235 --> 00:13:38.295
<00:13:35.235>So <00:13:35.390>at <00:13:35.546>the <00:13:35.701>beginning <00:13:35.857>it's <00:13:36.012>the <00:13:36.168>same <00:13:36.323>for <00:13:36.479>each <00:13:36.635>player.

219
00:13:38.875 --> 00:13:43.765
<00:13:38.875>We <00:13:39.002>want <00:13:39.129>to <00:13:39.256>log <00:13:39.384>the <00:13:39.511>amount <00:13:39.638>that <00:13:39.765>is <00:13:39.893>gonna <00:13:40.020>be <00:13:40.147>in <00:13:40.275>the,

220
00:13:43.985 --> 00:13:48.745
<00:13:43.985>in <00:13:44.185>the <00:13:44.385>bet, <00:13:44.585>and <00:13:44.785>eventually <00:13:44.985>if <00:13:45.185>Player <00:13:45.385>one

221
00:13:48.835 --> 00:13:51.505
<00:13:48.835>loses, <00:13:49.035>he <00:13:49.235>has <00:13:49.435>to <00:13:49.635>pay <00:13:49.835>two <00:13:50.035>player <00:13:50.235>two.

222
00:13:53.635 --> 00:13:58.055
<00:13:53.635>And <00:13:53.790>in <00:13:53.946>the <00:13:54.101>other <00:13:54.257>side, <00:13:54.412>if <00:13:54.568>the <00:13:54.723>player <00:13:54.879>two <00:13:55.035>wins,

223
00:13:58.865 --> 00:14:02.435
<00:13:58.865>he <00:13:59.040>has <00:13:59.215>to <00:13:59.390>cancel <00:13:59.565>the, <00:13:59.740>the <00:13:59.915>payment, <00:14:00.090>the <00:14:00.265>escrow,

224
00:14:02.495 --> 00:14:05.275
<00:14:02.495>the <00:14:02.670>money <00:14:02.845>is <00:14:03.020>back <00:14:03.195>to <00:14:03.370>the, <00:14:03.545>to <00:14:03.720>the <00:14:03.895>user.

225
00:14:06.965 --> 00:14:07.905
<00:14:06.965>It <00:14:07.176>is <00:14:07.388>just <00:14:07.599>that <00:14:07.810>simple.

226
00:14:12.825 --> 00:14:16.205
<00:14:12.825>The <00:14:12.980>next <00:14:13.136>idea, <00:14:13.291>um, <00:14:13.447>it's <00:14:13.602>something <00:14:13.758>we <00:14:13.913>are <00:14:14.069>actually <00:14:14.225>used

227
00:14:16.945 --> 00:14:20.085
<00:14:16.945>inside <00:14:17.225>Bitcoin <00:14:17.505>speed <00:14:17.785>is <00:14:18.065>the <00:14:18.345>concept

228
00:14:20.185 --> 00:14:23.965
<00:14:20.185>of <00:14:20.464>tipping <00:14:20.744>content <00:14:21.025>creators <00:14:21.305>by <00:14:21.584>one.

229
00:14:23.965 --> 00:14:27.935
<00:14:23.965>To <00:14:24.120>give <00:14:24.276>a <00:14:24.431>different <00:14:24.587>perspective, <00:14:24.742>imagine <00:14:24.898>that <00:14:25.053>we <00:14:25.209>can <00:14:25.365>combine

230
00:14:28.685 --> 00:14:33.045
<00:14:28.685>something <00:14:28.918>like <00:14:29.151>Twitter, <00:14:29.385>API <00:14:29.618>with <00:14:29.851>CUS <00:14:30.084>connect

231
00:14:33.625 --> 00:14:37.885
<00:14:33.625>or <00:14:33.765>imagine <00:14:33.905>that <00:14:34.045>we <00:14:34.185>combine <00:14:34.325>the <00:14:34.465>YouTube <00:14:34.605>API <00:14:34.745>with <00:14:34.885>cus <00:14:35.025>connect.

232
00:14:38.675 --> 00:14:43.055
<00:14:38.675>So <00:14:38.814>we <00:14:38.954>can <00:14:39.094>still <00:14:39.234>get <00:14:39.375>the <00:14:39.515>network <00:14:39.655>effect <00:14:39.795>of <00:14:39.935>massive <00:14:40.074>networks

233
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<00:14:43.565>with <00:14:43.720>millions <00:14:43.876>of <00:14:44.031>users <00:14:44.187>where <00:14:44.342>all <00:14:44.498>the <00:14:44.653>activity <00:14:44.809>is <00:14:44.965>happening.

234
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<00:14:47.275>But <00:14:47.449>we <00:14:47.625>can <00:14:47.800>wrap <00:14:47.975>it <00:14:48.150>to <00:14:48.324>add <00:14:48.500>additional <00:14:48.675>features.

235
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<00:14:52.815>So <00:14:53.015>you <00:14:53.215>can <00:14:53.415>create <00:14:53.615>a <00:14:53.815>Twitter <00:14:54.015>clone <00:14:54.215>app

236
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<00:14:58.935>and <00:14:59.214>add <00:14:59.494>something <00:14:59.775>like <00:15:00.055>the <00:15:00.334>ability

237
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<00:15:01.495>to <00:15:01.845>tip <00:15:02.195>the <00:15:02.545>content <00:15:02.895>creator.

238
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<00:15:03.555>I <00:15:03.728>mean, <00:15:03.903>we <00:15:04.077>don't <00:15:04.251>want <00:15:04.425>to <00:15:04.599>replace

239
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<00:15:04.715>Twitter, <00:15:04.919>we <00:15:05.123>don't <00:15:05.327>want <00:15:05.531>to <00:15:05.735>do <00:15:05.939>anything.

240
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<00:15:06.695>We <00:15:06.895>want <00:15:07.095>to <00:15:07.295>run <00:15:07.495>this <00:15:07.695>experiment <00:15:07.895>of, <00:15:08.095>hey,

241
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<00:15:10.175>if <00:15:10.525>both <00:15:10.875>people <00:15:11.224>have <00:15:11.574>handcuffs,

242
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<00:15:12.835>and <00:15:13.181>I <00:15:13.528>appreciate <00:15:13.874>your <00:15:14.221>content,

243
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<00:15:14.665>maybe <00:15:14.839>I <00:15:15.015>can <00:15:15.189>just <00:15:15.365>tip <00:15:15.540>you <00:15:15.714>a <00:15:15.890>few <00:15:16.064>cents.

244
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<00:15:19.285>In <00:15:19.440>this <00:15:19.596>case, <00:15:19.751>we <00:15:19.907>are <00:15:20.062>gonna <00:15:20.218>be <00:15:20.373>using <00:15:20.529>instant <00:15:20.685>payments.

245
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<00:15:22.445>So <00:15:22.620>again, <00:15:22.795>it's <00:15:22.970>something <00:15:23.145>as <00:15:23.320>simple <00:15:23.495>as <00:15:23.670>the <00:15:23.845>follower

246
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<00:15:25.585>with <00:15:25.725>the <00:15:25.865>follower <00:15:26.005>using <00:15:26.145>Token, <00:15:26.285>we <00:15:26.425>have <00:15:26.565>access <00:15:26.705>to <00:15:26.845>the <00:15:26.985>wallet

247
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<00:15:30.775>and <00:15:30.975>we <00:15:31.175>just <00:15:31.375>keep <00:15:31.574>them <00:15:31.775>what <00:15:31.975>we <00:15:32.175>want.

248
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<00:15:34.335>That <00:15:34.451>would <00:15:34.568>be <00:15:34.685>all. <00:15:34.801>I <00:15:34.918>want <00:15:35.035>you <00:15:35.151>to <00:15:35.268>focus <00:15:35.385>on <00:15:35.501>this <00:15:35.618>idea <00:15:35.735>of

249
00:15:39.425 --> 00:15:43.425
<00:15:39.425>we <00:15:39.625>can <00:15:39.824>combine <00:15:40.025>different <00:15:40.224>APIs, <00:15:40.425>we <00:15:40.625>don't <00:15:40.824>have

250
00:15:43.425 --> 00:15:44.865
<00:15:43.425>to <00:15:43.749>build <00:15:44.073>everything <00:15:44.396>from <00:15:44.721>scratch,

251
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<00:15:45.695>and <00:15:45.822>we <00:15:45.949>can <00:15:46.076>take <00:15:46.204>the <00:15:46.331>most <00:15:46.458>from <00:15:46.585>the <00:15:46.713>network <00:15:46.840>effect <00:15:46.967>of <00:15:47.095>this

252
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<00:15:51.085>massive <00:15:51.365>social <00:15:51.645>media, <00:15:51.925>social <00:15:52.205>media <00:15:52.485>apps.

253
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<00:15:54.235>So <00:15:54.390>we <00:15:54.546>have <00:15:54.701>the <00:15:54.857>opportunity <00:15:55.012>to <00:15:55.168>improve <00:15:55.323>what <00:15:55.479>they <00:15:55.635>offer.

254
00:15:57.475 --> 00:16:02.075
<00:15:57.475>Who <00:15:58.175>knows <00:15:58.875>another

255
00:16:02.265 --> 00:16:06.135
<00:16:02.265>concept, <00:16:02.498>um, <00:16:02.731>it's <00:16:02.965>called <00:16:03.198>like <00:16:03.431>instant <00:16:03.665>referrals

256
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<00:16:06.135>because <00:16:06.310>normally <00:16:06.485>referrals <00:16:06.660>in <00:16:06.835>in <00:16:07.010>referral <00:16:07.185>programs, <00:16:07.360>you <00:16:07.535>get

257
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<00:16:11.595>a <00:16:11.795>reward, <00:16:11.995>but <00:16:12.195>maybe <00:16:12.395>it <00:16:12.595>is <00:16:12.795>not <00:16:12.995>cash

258
00:16:16.775 --> 00:16:20.355
<00:16:16.775>or <00:16:16.949>you <00:16:17.125>don't <00:16:17.300>have <00:16:17.475>the <00:16:17.650>cash <00:16:17.824>available <00:16:18.000>straight <00:16:18.175>away.

259
00:16:21.105 --> 00:16:23.875
<00:16:21.105>It's <00:16:21.280>like <00:16:21.455>something <00:16:21.630>that <00:16:21.805>you <00:16:21.980>accumulate <00:16:22.155>inside <00:16:22.330>the <00:16:22.505>app

260
00:16:23.895 --> 00:16:26.315
<00:16:23.895>and <00:16:24.050>then <00:16:24.206>maybe <00:16:24.361>you <00:16:24.517>can <00:16:24.672>spend <00:16:24.828>or <00:16:24.983>something <00:16:25.139>like <00:16:25.295>that.

261
00:16:27.335 --> 00:16:29.675
<00:16:27.335>One <00:16:27.568>example <00:16:27.801>of <00:16:28.035>this <00:16:28.268>is <00:16:28.501>Tonic <00:16:28.735>pole,

262
00:16:31.015 --> 00:16:34.795
<00:16:31.015>and <00:16:31.142>if <00:16:31.269>you <00:16:31.396>don't <00:16:31.524>know <00:16:31.651>about <00:16:31.778>Tony <00:16:31.905>Pole <00:16:32.033>is <00:16:32.160>like <00:16:32.287>about <00:16:32.415>getting

263
00:16:34.905 --> 00:16:38.835
<00:16:34.905>paid <00:16:35.079>for <00:16:35.255>recommending <00:16:35.430>products <00:16:35.605>or <00:16:35.780>websites <00:16:35.954>in <00:16:36.130>that <00:16:36.305>case.

264
00:16:40.115 --> 00:16:42.255
<00:16:40.115>So <00:16:40.315>it's <00:16:40.515>playing <00:16:40.715>around <00:16:40.915>this <00:16:41.115>concept <00:16:41.315>of, <00:16:41.515>hey,

265
00:16:42.315 --> 00:16:44.335
<00:16:42.315>you <00:16:42.548>can <00:16:42.781>get <00:16:43.015>paid <00:16:43.248>for <00:16:43.481>recommending <00:16:43.715>products.

266
00:16:45.785 --> 00:16:48.965
<00:16:45.785>And <00:16:45.912>the <00:16:46.039>feature <00:16:46.166>that <00:16:46.294>we <00:16:46.421>can <00:16:46.548>use <00:16:46.675>in <00:16:46.803>this <00:16:46.930>case <00:16:47.057>are <00:16:47.185>again,

267
00:16:49.075 --> 00:16:50.165
<00:16:49.075>instant <00:16:50.055>payments.

268
00:16:52.405 --> 00:16:55.105
<00:16:52.405>So <00:16:52.605>in <00:16:52.805>this <00:16:53.005>case, <00:16:53.204>the <00:16:53.405>token <00:16:53.605>we <00:16:53.805>need,

269
00:16:55.245 --> 00:16:58.185
<00:16:55.245>the <00:16:55.420>permission <00:16:55.595>we <00:16:55.770>need <00:16:55.945>is <00:16:56.120>from <00:16:56.295>the <00:16:56.470>referred <00:16:56.645>service.

270
00:16:59.235 --> 00:17:04.005
<00:16:59.235>And <00:16:59.375>then <00:16:59.515>every <00:16:59.655>time <00:16:59.795>there's <00:16:59.935>a <00:17:00.075>new, <00:17:00.215>um, <00:17:00.355>referral <00:17:00.495>for <00:17:00.635>the,

271
00:17:04.185 --> 00:17:05.925
<00:17:04.185>for <00:17:04.418>the <00:17:04.651>product <00:17:04.885>or <00:17:05.118>for <00:17:05.351>the <00:17:05.585>website

272
00:17:06.665 --> 00:17:07.965
<00:17:06.665>is <00:17:06.898>when <00:17:07.133>we <00:17:07.367>trigger <00:17:07.600>a <00:17:07.835>payment.

273
00:17:09.585 --> 00:17:13.045
<00:17:09.585>So <00:17:09.725>in <00:17:09.865>that <00:17:10.005>case, <00:17:10.145>the <00:17:10.285>referral <00:17:10.425>could <00:17:10.565>be <00:17:10.704>receiving <00:17:10.845>the <00:17:10.985>money

274
00:17:14.035 --> 00:17:17.625
<00:17:14.035>every <00:17:14.235>time <00:17:14.435>a <00:17:14.635>new <00:17:14.835>recommendation <00:17:15.035>is, <00:17:15.235>is <00:17:15.435>detected.

275
00:17:21.985 --> 00:17:25.315
<00:17:21.984>Another <00:17:22.334>really <00:17:22.685>cool <00:17:23.034>concept, <00:17:23.385>um,

276
00:17:26.545 --> 00:17:29.515
<00:17:26.545>there's, <00:17:26.825>there's <00:17:27.105>one <00:17:27.385>company <00:17:27.665>using <00:17:27.945>it.

277
00:17:29.905 --> 00:17:32.275
<00:17:29.905>They <00:17:30.060>are <00:17:30.216>called <00:17:30.371>Kodak, <00:17:30.527>is, <00:17:30.682>you <00:17:30.838>don't <00:17:30.993>know <00:17:31.149>about <00:17:31.305>them.

278
00:17:32.985 --> 00:17:36.595
<00:17:32.985>What <00:17:33.140>they <00:17:33.296>are <00:17:33.451>doing <00:17:33.607>is <00:17:33.762>they <00:17:33.918>are <00:17:34.073>offering <00:17:34.229>a <00:17:34.385>platform

279
00:17:36.695 --> 00:17:38.155
<00:17:36.695>to <00:17:37.351>monetize <00:17:38.009>APIs.

280
00:17:40.465 --> 00:17:44.925
<00:17:40.465>And <00:17:40.605>this <00:17:40.745>is <00:17:40.885>a <00:17:41.024>the <00:17:41.165>perfect <00:17:41.304>example <00:17:41.445>to <00:17:41.584>show <00:17:41.725>you <00:17:41.865>how

281
00:17:44.925 --> 00:17:46.125
<00:17:44.925>to <00:17:45.284>use <00:17:45.645>payment <00:17:46.005>streams.

282
00:17:47.625 --> 00:17:50.765
<00:17:47.625>So <00:17:47.905>you, <00:17:48.185>you <00:17:48.465>have <00:17:48.745>an <00:17:49.025>API

283
00:17:52.275 --> 00:17:55.975
<00:17:52.275>and <00:17:52.475>every <00:17:52.675>time <00:17:52.875>a <00:17:53.075>developer <00:17:53.275>is <00:17:53.475>using <00:17:53.675>your

284
00:17:56.135 --> 00:17:58.055
<00:17:56.135>API, <00:17:56.601>you <00:17:57.068>charge <00:17:57.535>them.

285
00:17:59.365 --> 00:18:02.105
<00:17:59.365>So <00:17:59.565>this <00:17:59.765>is <00:17:59.965>why <00:18:00.165>this <00:18:00.365>paper <00:18:00.565>call, <00:18:00.765>uh,

286
00:18:02.135 --> 00:18:03.945
<00:18:02.135>it's <00:18:02.368>called <00:18:02.601>like <00:18:02.835>paper <00:18:03.068>call <00:18:03.301>business <00:18:03.535>model.

287
00:18:06.645 --> 00:18:09.865
<00:18:06.645>So <00:18:06.878>we <00:18:07.111>have <00:18:07.345>like <00:18:07.578>three <00:18:07.811>main <00:18:08.045>steps.

288
00:18:11.685 --> 00:18:15.155
<00:18:11.685>First <00:18:11.825>of <00:18:11.965>all, <00:18:12.105>in <00:18:12.245>this <00:18:12.385>case, <00:18:12.524>the <00:18:12.665>authorization <00:18:12.804>we <00:18:12.945>need <00:18:13.085>is

289
00:18:15.825 --> 00:18:18.195
<00:18:15.825>from <00:18:16.291>the <00:18:16.758>API <00:18:17.225>consumer.

290
00:18:19.665 --> 00:18:23.875
<00:18:19.665>Then <00:18:19.820>at <00:18:19.976>the <00:18:20.131>beginning, <00:18:20.287>um, <00:18:20.442>we <00:18:20.598>create <00:18:20.753>the <00:18:20.909>payment <00:18:21.065>stream

291
00:18:24.885 --> 00:18:28.575
<00:18:24.885>with <00:18:25.012>the <00:18:25.139>description <00:18:25.266>of <00:18:25.394>Imagine <00:18:25.521>we <00:18:25.648>have <00:18:25.775>an <00:18:25.903>API <00:18:26.030>to <00:18:26.157>get <00:18:26.285>the,

292
00:18:29.155 --> 00:18:31.695
<00:18:29.155>the <00:18:29.435>sort <00:18:29.715>route <00:18:29.995>between <00:18:30.274>two <00:18:30.555>points

293
00:18:32.475 --> 00:18:35.935
<00:18:32.475>and <00:18:32.630>we <00:18:32.786>expose <00:18:32.941>that <00:18:33.097>service <00:18:33.252>in <00:18:33.408>a, <00:18:33.563>in <00:18:33.719>a <00:18:33.875>API.

294
00:18:37.245 --> 00:18:38.705
<00:18:37.245>So <00:18:37.507>then <00:18:37.770>who's <00:18:38.033>receiving <00:18:38.296>the <00:18:38.559>money?

295
00:18:38.705 --> 00:18:41.265
<00:18:38.705>In <00:18:38.879>that <00:18:39.054>case <00:18:39.230>it <00:18:39.405>would <00:18:39.580>be <00:18:39.754>the <00:18:39.929>API <00:18:40.105>developer

296
00:18:41.645 --> 00:18:46.095
<00:18:41.645>or <00:18:41.800>maybe <00:18:41.956>there's <00:18:42.111>a <00:18:42.267>service, <00:18:42.422>um, <00:18:42.578>like <00:18:42.733>Coda <00:18:42.889>offering <00:18:43.045>this,

297
00:18:46.795 --> 00:18:50.885
<00:18:46.795>it <00:18:46.922>could <00:18:47.049>be <00:18:47.176>fair <00:18:47.304>to <00:18:47.431>to <00:18:47.558>get <00:18:47.685>a, <00:18:47.813>a <00:18:47.940>fee <00:18:48.067>for <00:18:48.195>them.

298
00:18:51.975 --> 00:18:55.355
<00:18:51.975>And <00:18:52.130>then <00:18:52.286>every <00:18:52.441>time <00:18:52.597>there's <00:18:52.752>a <00:18:52.908>new <00:18:53.063>request, <00:18:53.219>so <00:18:53.375>imagine

299
00:18:55.425 --> 00:18:57.555
<00:18:55.425>that <00:18:55.705>we <00:18:55.985>open <00:18:56.264>a <00:18:56.544>daily <00:18:56.825>window.

300
00:18:58.015 --> 00:19:00.595
<00:18:58.015>So <00:18:58.142>at <00:18:58.269>the <00:18:58.396>beginning <00:18:58.524>of <00:18:58.651>the <00:18:58.778>day, <00:18:58.905>we <00:18:59.033>create <00:18:59.160>a <00:18:59.287>payment <00:18:59.415>stream.

301
00:19:01.215 --> 00:19:03.195
<00:19:01.215>And <00:19:01.448>during <00:19:01.681>the <00:19:01.915>day, <00:19:02.148>during <00:19:02.381>the <00:19:02.615>day,

302
00:19:03.195 --> 00:19:07.035
<00:19:03.195>as <00:19:03.350>we <00:19:03.506>find <00:19:03.661>new <00:19:03.817>API <00:19:03.972>calls, <00:19:04.128>we <00:19:04.283>increase <00:19:04.439>the <00:19:04.595>amount

303
00:19:07.705 --> 00:19:09.355
<00:19:07.705>that <00:19:07.985>is <00:19:08.264>being <00:19:08.544>charged <00:19:08.824>to <00:19:09.105>them.

304
00:19:10.265 --> 00:19:11.445
<00:19:10.265>So <00:19:10.442>at <00:19:10.619>the <00:19:10.796>end <00:19:10.973>of <00:19:11.149>the <00:19:11.327>day,

305
00:19:12.265 --> 00:19:14.645
<00:19:12.265>or <00:19:12.545>like <00:19:12.825>something <00:19:13.105>that <00:19:13.385>is <00:19:13.665>arbitrary,

306
00:19:15.465 --> 00:19:17.765
<00:19:15.465>we <00:19:15.698>can <00:19:15.931>finally <00:19:16.165>close <00:19:16.398>the <00:19:16.631>payment <00:19:16.865>stream.

307
00:19:19.875 --> 00:19:23.965
<00:19:19.875>That <00:19:20.050>will <00:19:20.225>be <00:19:20.400>the <00:19:20.575>concept. <00:19:20.750>Then <00:19:20.925>it's <00:19:21.100>flexible <00:19:21.275>enough

308
00:19:25.285 --> 00:19:27.985
<00:19:25.285>and <00:19:25.460>it <00:19:25.635>just <00:19:25.810>requires, <00:19:25.985>again, <00:19:26.160>few <00:19:26.335>lines <00:19:26.510>of <00:19:26.685>code.

309
00:19:31.875 --> 00:19:34.855
<00:19:31.875>The <00:19:32.050>next <00:19:32.225>concept <00:19:32.400>I <00:19:32.575>want <00:19:32.750>to <00:19:32.925>share <00:19:33.100>with <00:19:33.275>you,

310
00:19:35.365 --> 00:19:37.495
<00:19:35.365>they're <00:19:35.715>called <00:19:36.065>like <00:19:36.415>micro <00:19:36.765>translations.

311
00:19:38.775 --> 00:19:40.875
<00:19:38.775>That's <00:19:39.055>something <00:19:39.335>we <00:19:39.615>find <00:19:39.895>really <00:19:40.175>interesting

312
00:19:40.875 --> 00:19:44.005
<00:19:40.875>because <00:19:41.341>if, <00:19:41.808>you <00:19:42.275>know,

313
00:19:44.185 --> 00:19:48.245
<00:19:44.185>but <00:19:44.360>Hank <00:19:44.534>us, <00:19:44.710>it's, <00:19:44.885>uh, <00:19:45.060>it <00:19:45.235>offers <00:19:45.409>different <00:19:45.585>translations

314
00:19:48.245 --> 00:19:50.085
<00:19:48.245>to <00:19:48.945>different <00:19:49.645>languages

315
00:19:51.385 --> 00:19:54.855
<00:19:51.385>and <00:19:51.665>it's <00:19:51.945>really, <00:19:52.225>it's <00:19:52.504>really <00:19:52.785>hard

316
00:19:54.855 --> 00:19:58.655
<00:19:54.855>because <00:19:55.030>you <00:19:55.205>don't <00:19:55.380>really <00:19:55.555>need <00:19:55.730>a <00:19:55.905>professional <00:19:56.080>for <00:19:56.255>that

317
00:19:59.605 --> 00:20:01.895
<00:19:59.605>because <00:19:59.838>what <00:20:00.071>you <00:20:00.305>are <00:20:00.538>translating, <00:20:00.771>they're <00:20:01.005>like,

318
00:20:01.895 --> 00:20:04.695
<00:20:01.895>really, <00:20:02.361>they <00:20:02.828>are <00:20:03.295>sentences.

319
00:20:05.315 --> 00:20:08.455
<00:20:05.315>So <00:20:05.470>you <00:20:05.626>just <00:20:05.781>have <00:20:05.937>to <00:20:06.092>translate <00:20:06.248>a <00:20:06.403>bunch <00:20:06.559>of <00:20:06.715>sentences.

320
00:20:09.275 --> 00:20:11.725
<00:20:09.275>It's <00:20:09.508>something <00:20:09.741>that <00:20:09.975>anyone <00:20:10.208>can, <00:20:10.441>knows <00:20:10.675>the,

321
00:20:11.785 --> 00:20:13.525
<00:20:11.785>the <00:20:12.065>language <00:20:12.345>can <00:20:12.625>do <00:20:12.905>for <00:20:13.185>you.

322
00:20:14.985 --> 00:20:18.245
<00:20:14.985>And <00:20:15.125>it <00:20:15.264>doesn't <00:20:15.405>really <00:20:15.544>make <00:20:15.685>sense <00:20:15.824>to <00:20:15.965>be <00:20:16.104>paying <00:20:16.245>something <00:20:16.385>like

323
00:20:19.205 --> 00:20:23.115
<00:20:19.205>maybe <00:20:19.554>$50 <00:20:19.905>just <00:20:20.254>to <00:20:20.605>translate

324
00:20:23.685 --> 00:20:28.075
<00:20:23.685>maybe <00:20:23.812>20 <00:20:23.939>or <00:20:24.066>30 <00:20:24.194>sentences <00:20:24.321>or, <00:20:24.448>I <00:20:24.575>mean, <00:20:24.703>it <00:20:24.830>is <00:20:24.957>really <00:20:25.085>hard.

325
00:20:28.265 --> 00:20:31.235
<00:20:28.265>It's <00:20:28.545>very, <00:20:28.825>it's <00:20:29.105>something <00:20:29.385>really <00:20:29.665>particular.

326
00:20:31.695 --> 00:20:35.275
<00:20:31.695>So <00:20:31.822>we <00:20:31.949>thought <00:20:32.076>it <00:20:32.204>could <00:20:32.331>be <00:20:32.458>cool <00:20:32.585>to <00:20:32.713>have <00:20:32.840>some <00:20:32.967>platform <00:20:33.095>that

327
00:20:35.815 --> 00:20:38.275
<00:20:35.815>offers <00:20:36.165>this <00:20:36.515>micro <00:20:36.865>translation <00:20:37.215>service.

328
00:20:39.745 --> 00:20:42.405
<00:20:39.745>So <00:20:39.978>imagine <00:20:40.211>you <00:20:40.445>have <00:20:40.678>something <00:20:40.911>like <00:20:41.145>Twitter,

329
00:20:43.305 --> 00:20:46.885
<00:20:43.305>and <00:20:43.460>as <00:20:43.616>you <00:20:43.771>find <00:20:43.927>translations <00:20:44.082>that <00:20:44.238>match <00:20:44.393>one <00:20:44.549>of <00:20:44.705>the,

330
00:20:46.965 --> 00:20:50.415
<00:20:46.965>the <00:20:47.245>languages <00:20:47.524>that <00:20:47.804>you <00:20:48.084>know, <00:20:48.365>um,

331
00:20:51.035 --> 00:20:55.345
<00:20:51.035>you <00:20:51.190>can <00:20:51.346>just <00:20:51.501>translate <00:20:51.657>them, <00:20:51.812>send <00:20:51.968>and <00:20:52.123>get <00:20:52.279>the <00:20:52.435>reward.

332
00:20:56.045 --> 00:20:58.585
<00:20:56.045>And <00:20:56.172>the <00:20:56.299>reward <00:20:56.426>in <00:20:56.554>that <00:20:56.681>case <00:20:56.808>can <00:20:56.935>be <00:20:57.063>just <00:20:57.190>a <00:20:57.317>few <00:20:57.445>cents

333
00:20:58.685 --> 00:20:59.905
<00:20:58.685>for <00:20:59.234>every <00:20:59.783>translation.

334
00:21:01.195 --> 00:21:02.815
<00:21:01.195>So <00:21:01.475>the <00:21:01.754>description <00:21:02.034>is <00:21:02.314>getting <00:21:02.595>paid

335
00:21:02.815 --> 00:21:04.295
<00:21:02.815>for <00:21:03.481>translating <00:21:04.147>sentences.

336
00:21:04.475 --> 00:21:05.535
<00:21:04.475>It <00:21:04.665>could <00:21:04.856>be <00:21:05.047>something <00:21:05.238>like <00:21:05.429>that.

337
00:21:06.775 --> 00:21:10.545
<00:21:06.775>And <00:21:06.915>in <00:21:07.055>this <00:21:07.195>case, <00:21:07.335>we <00:21:07.475>can <00:21:07.615>take <00:21:07.755>advantage <00:21:07.895>of <00:21:08.035>the <00:21:08.175>concept

338
00:21:10.725 --> 00:21:12.105
<00:21:10.725>of <00:21:11.346>payment <00:21:11.967>escorts.

339
00:21:12.805 --> 00:21:16.415
<00:21:12.805>So <00:21:13.155>let's <00:21:13.505>say <00:21:13.855>the <00:21:14.205>employer

340
00:21:17.995 --> 00:21:19.935
<00:21:17.995>or <00:21:18.461>the <00:21:18.928>the <00:21:19.395>entity

341
00:21:20.035 --> 00:21:22.415
<00:21:20.035>or <00:21:20.190>the <00:21:20.346>person <00:21:20.501>that <00:21:20.657>wants <00:21:20.812>the <00:21:20.968>translation <00:21:21.123>to <00:21:21.279>be <00:21:21.435>done

342
00:21:23.115 --> 00:21:24.975
<00:21:23.115>is <00:21:23.315>the <00:21:23.515>permission <00:21:23.715>we <00:21:23.915>need <00:21:24.115>in <00:21:24.315>this <00:21:24.515>case

343
00:21:25.115 --> 00:21:26.255
<00:21:25.115>access <00:21:25.457>to <00:21:25.799>their <00:21:26.141>wallet.

344
00:21:27.385 --> 00:21:31.485
<00:21:27.385>And <00:21:27.540>then <00:21:27.696>two <00:21:27.851>different <00:21:28.007>step <00:21:28.162>when <00:21:28.318>we <00:21:28.473>want <00:21:28.629>to, <00:21:28.785>um,

345
00:21:32.275 --> 00:21:35.445
<00:21:32.275>request <00:21:32.450>the <00:21:32.625>translation, <00:21:32.800>we <00:21:32.975>need <00:21:33.150>to <00:21:33.325>log <00:21:33.500>the <00:21:33.675>amount.

346
00:21:36.435 --> 00:21:37.925
<00:21:36.435>It's <00:21:36.703>gonna <00:21:36.971>be <00:21:37.239>the, <00:21:37.507>the <00:21:37.775>reward.

347
00:21:39.035 --> 00:21:41.695
<00:21:39.035>And <00:21:39.315>once <00:21:39.595>the <00:21:39.875>job <00:21:40.155>is <00:21:40.435>done

348
00:21:42.555 --> 00:21:46.055
<00:21:42.555>is <00:21:42.730>when <00:21:42.905>we <00:21:43.080>can <00:21:43.255>process <00:21:43.430>the, <00:21:43.605>the <00:21:43.780>payment <00:21:43.955>escrow

349
00:21:47.195 --> 00:21:50.615
<00:21:47.195>and <00:21:47.322>we <00:21:47.449>can <00:21:47.576>send <00:21:47.704>the, <00:21:47.831>send <00:21:47.958>the <00:21:48.085>money <00:21:48.213>to <00:21:48.340>the <00:21:48.467>translator <00:21:48.595>guy.

350
00:21:51.905 --> 00:21:53.005
<00:21:51.905>It <00:21:52.103>could <00:21:52.301>be <00:21:52.499>something <00:21:52.697>like <00:21:52.895>that.

351
00:21:57.115 --> 00:21:59.815
<00:21:57.115>And <00:21:57.270>this <00:21:57.426>is <00:21:57.581>the, <00:21:57.737>this <00:21:57.892>is <00:21:58.048>the <00:21:58.203>very <00:21:58.359>last <00:21:58.515>concept.

352
00:22:00.765 --> 00:22:03.915
<00:22:00.765>Maybe <00:22:00.998>it's, <00:22:01.231>I <00:22:01.465>think <00:22:01.698>it's <00:22:01.931>very <00:22:02.165>interesting.

353
00:22:04.795 --> 00:22:08.735
<00:22:04.795>Imagine <00:22:05.028>that <00:22:05.261>we <00:22:05.495>can <00:22:05.728>convert <00:22:05.961>to <00:22:06.195>rent

354
00:22:10.455 --> 00:22:13.425
<00:22:10.455>into <00:22:10.921>maybe <00:22:11.388>something <00:22:11.855>that

355
00:22:13.965 --> 00:22:16.425
<00:22:13.965>we <00:22:14.198>know <00:22:14.431>is <00:22:14.665>considered <00:22:14.898>not <00:22:15.131>very <00:22:15.365>legal.

356
00:22:17.595 --> 00:22:19.095
<00:22:17.595>We <00:22:17.865>can <00:22:18.135>make <00:22:18.405>it <00:22:18.675>actually <00:22:18.945>legal.

357
00:22:20.225 --> 00:22:24.385
<00:22:20.225>We <00:22:20.399>can <00:22:20.574>convert <00:22:20.750>to <00:22:20.925>rent <00:22:21.100>into <00:22:21.274>a <00:22:21.449>distribution <00:22:21.625>network.

358
00:22:25.605 --> 00:22:30.175
<00:22:25.605>So <00:22:25.760>is <00:22:25.916>the <00:22:26.071>concept <00:22:26.227>in <00:22:26.382>this <00:22:26.538>case <00:22:26.693>is <00:22:26.849>some <00:22:27.005>sort

359
00:22:30.175 --> 00:22:31.175
<00:22:30.175>of <00:22:30.625>file <00:22:31.075>sharing

360
00:22:31.405 --> 00:22:35.415
<00:22:31.405>that <00:22:31.605>rewards <00:22:31.805>copyright <00:22:32.004>owners <00:22:32.205>and <00:22:32.405>the <00:22:32.605>sharing <00:22:32.805>peers.

361
00:22:36.365 --> 00:22:40.325
<00:22:36.365>So <00:22:36.565>the <00:22:36.765>copyright <00:22:36.965>owners, <00:22:37.165>they <00:22:37.365>have <00:22:37.565>to <00:22:37.765>create

362
00:22:41.185 --> 00:22:44.215
<00:22:41.185>movies <00:22:41.385>and <00:22:41.585>they <00:22:41.784>don't <00:22:41.985>have <00:22:42.185>to <00:22:42.385>care <00:22:42.585>about

363
00:22:44.315 --> 00:22:46.255
<00:22:44.315>how <00:22:44.515>these <00:22:44.715>movies <00:22:44.915>are <00:22:45.115>going <00:22:45.315>to <00:22:45.515>be <00:22:45.715>distributed.

364
00:22:46.955 --> 00:22:50.785
<00:22:46.955>So <00:22:47.110>they <00:22:47.266>don't <00:22:47.421>need <00:22:47.577>a <00:22:47.732>platform <00:22:47.888>that <00:22:48.043>has <00:22:48.199>to <00:22:48.355>scale

365
00:22:50.965 --> 00:22:53.145
<00:22:50.965>or <00:22:51.165>they <00:22:51.365>don't <00:22:51.564>have <00:22:51.764>to <00:22:51.965>care <00:22:52.165>about <00:22:52.365>that.

366
00:22:54.085 --> 00:22:58.665
<00:22:54.085>The <00:22:54.225>only <00:22:54.365>thing <00:22:54.505>is, <00:22:54.645>um, <00:22:54.785>every <00:22:54.925>time <00:22:55.065>someone, <00:22:55.205>I <00:22:55.345>mean <00:22:55.485>there's,

367
00:22:59.205 --> 00:23:01.345
<00:22:59.205>we <00:22:59.405>still <00:22:59.605>keep <00:22:59.804>this <00:23:00.004>peer <00:23:00.205>to <00:23:00.405>peer <00:23:00.605>network

368
00:23:01.645 --> 00:23:02.705
<00:23:01.645>to <00:23:01.963>distribute <00:23:02.281>the <00:23:02.599>movies,

369
00:23:03.775 --> 00:23:05.955
<00:23:03.775>but <00:23:04.008>the <00:23:04.241>peers <00:23:04.475>that <00:23:04.708>are <00:23:04.941>sharing <00:23:05.175>that,

370
00:23:05.955 --> 00:23:10.935
<00:23:05.955>that <00:23:06.110>offering <00:23:06.266>the <00:23:06.421>service <00:23:06.577>so <00:23:06.732>people <00:23:06.888>can, <00:23:07.043>um, <00:23:07.199>get <00:23:07.355>access

371
00:23:10.935 --> 00:23:13.055
<00:23:10.935>to <00:23:11.135>the <00:23:11.335>movies, <00:23:11.534>they <00:23:11.735>just <00:23:11.935>get <00:23:12.135>a <00:23:12.335>cat.

372
00:23:15.595 --> 00:23:18.655
<00:23:15.595>In <00:23:15.750>this <00:23:15.906>case, <00:23:16.061>we <00:23:16.217>use <00:23:16.372>the <00:23:16.528>concept <00:23:16.683>of <00:23:16.839>instant <00:23:16.995>payments.

373
00:23:20.155 --> 00:23:24.495
<00:23:20.155>So <00:23:20.388>we <00:23:20.621>have <00:23:20.855>the <00:23:21.088>water <00:23:21.321>authentication <00:23:21.555>token.

374
00:23:24.915 --> 00:23:27.735
<00:23:24.915>The <00:23:25.090>person <00:23:25.264>there <00:23:25.440>is <00:23:25.615>getting <00:23:25.790>access <00:23:25.965>to <00:23:26.139>the <00:23:26.315>movie

375
00:23:29.535 --> 00:23:33.595
<00:23:29.535>and <00:23:29.735>we <00:23:29.935>split <00:23:30.135>the <00:23:30.335>payment <00:23:30.535>between <00:23:30.735>different <00:23:30.935>distributors

376
00:23:34.095 --> 00:23:37.675
<00:23:34.095>of <00:23:34.328>the <00:23:34.561>movie <00:23:34.795>and <00:23:35.028>the <00:23:35.261>copyright <00:23:35.495>owner

377
00:23:37.935 --> 00:23:41.635
<00:23:37.935>or <00:23:38.110>the <00:23:38.284>movie <00:23:38.460>producer <00:23:38.635>or <00:23:38.810>some, <00:23:38.985>something <00:23:39.159>like <00:23:39.335>that.

378
00:23:42.335 --> 00:23:43.355
<00:23:42.335>But <00:23:42.641>the <00:23:42.947>concept <00:23:43.253>is,

379
00:23:43.975 --> 00:23:48.205
<00:23:43.975>or <00:23:44.149>the, <00:23:44.324>the, <00:23:44.500>the, <00:23:44.675>the <00:23:44.850>key <00:23:45.024>idea <00:23:45.199>is <00:23:45.375>the,

380
00:23:48.745 --> 00:23:51.685
<00:23:48.745>the <00:23:49.024>company <00:23:49.304>that <00:23:49.584>created <00:23:49.864>that <00:23:50.145>movie

381
00:23:53.475 --> 00:23:56.375
<00:23:53.475>can <00:23:53.824>be <00:23:54.175>paid <00:23:54.524>inside <00:23:54.875>Torrent.

382
00:23:58.665 --> 00:24:00.305
<00:23:58.665>I <00:23:58.898>think <00:23:59.131>it, <00:23:59.365>it's <00:23:59.598>an <00:23:59.831>interesting <00:24:00.065>concept

383
00:24:00.855 --> 00:24:02.385
<00:24:00.855>there's <00:24:01.199>worth <00:24:01.543>to, <00:24:01.887>to <00:24:02.232>explore.

384
00:24:04.235 --> 00:24:07.825
<00:24:04.235>So <00:24:04.584>these <00:24:04.935>are <00:24:05.284>all <00:24:05.635>the,

385
00:24:08.245 --> 00:24:11.145
<00:24:08.245>all <00:24:08.385>the <00:24:08.524>concepts <00:24:08.665>or <00:24:08.804>ideas <00:24:08.945>I <00:24:09.084>wanted <00:24:09.225>to <00:24:09.364>share <00:24:09.504>with <00:24:09.645>you.

386
00:24:13.355 --> 00:24:17.575
<00:24:13.355>And <00:24:13.510>my, <00:24:13.666>my <00:24:13.821>goal <00:24:13.977>today <00:24:14.132>was <00:24:14.288>just <00:24:14.443>to <00:24:14.599>inspire <00:24:14.755>you

387
00:24:17.575 --> 00:24:22.315
<00:24:17.575>to <00:24:17.715>find <00:24:17.855>new <00:24:17.995>business <00:24:18.135>model <00:24:18.275>showing <00:24:18.415>you <00:24:18.555>some, <00:24:18.695>uh, <00:24:18.835>maybe <00:24:18.975>some

388
00:24:22.315 --> 00:24:25.795
<00:24:22.315>of <00:24:22.442>them <00:24:22.569>are <00:24:22.696>crazy <00:24:22.824>ideas, <00:24:22.951>but <00:24:23.078>I <00:24:23.205>think <00:24:23.333>they <00:24:23.460>work <00:24:23.587>to <00:24:23.715>explore.

389
00:24:27.085 --> 00:24:31.315
<00:24:27.085>And <00:24:27.201>I <00:24:27.318>want <00:24:27.435>you <00:24:27.551>to <00:24:27.668>know <00:24:27.785>there's <00:24:27.901>no, <00:24:28.018>I <00:24:28.135>don't, <00:24:28.251>I <00:24:28.368>didn't <00:24:28.485>want

390
00:24:31.315 --> 00:24:34.045
<00:24:31.315>to <00:24:31.548>talk <00:24:31.781>about <00:24:32.015>how <00:24:32.248>to <00:24:32.481>use <00:24:32.715>Bitcoin

391
00:24:34.185 --> 00:24:37.795
<00:24:34.185>or, <00:24:34.465>um, <00:24:34.745>as <00:24:35.024>usual, <00:24:35.304>it's <00:24:35.585>just

392
00:24:38.825 --> 00:24:42.665
<00:24:38.825>a <00:24:38.941>few <00:24:39.058>lines <00:24:39.175>of <00:24:39.291>code <00:24:39.408>and <00:24:39.525>now <00:24:39.641>it's <00:24:39.758>time <00:24:39.875>to <00:24:39.991>focus <00:24:40.108>on <00:24:40.225>building.

393
00:24:44.215 --> 00:24:46.225
<00:24:44.215>There's <00:24:44.915>no <00:24:45.615>limit.

394
00:24:47.285 --> 00:24:50.505
<00:24:47.285>So <00:24:47.485>just <00:24:47.685>focus <00:24:47.885>on <00:24:48.085>exploring <00:24:48.285>new <00:24:48.485>business <00:24:48.685>models

395
00:24:51.415 --> 00:24:54.395
<00:24:51.415>and <00:24:51.648>tell <00:24:51.881>your <00:24:52.115>not <00:24:52.348>bitcoin <00:24:52.581>developer <00:24:52.815>friends

396
00:24:55.035 --> 00:24:59.245
<00:24:55.035>that <00:24:55.190>they <00:24:55.346>are <00:24:55.501>welcome <00:24:55.657>and <00:24:55.812>there's <00:24:55.968>no, <00:24:56.123>there's <00:24:56.279>no <00:24:56.435>excuses

397
00:24:59.265 --> 00:25:01.455
<00:24:59.265>to <00:24:59.498>start <00:24:59.731>building <00:24:59.965>on <00:25:00.198>top <00:25:00.431>of <00:25:00.665>here.

398
00:25:03.275 --> 00:25:05.535
<00:25:03.275>So <00:25:03.555>thanks <00:25:03.835>for, <00:25:04.115>for <00:25:04.395>your <00:25:04.675>time

399
00:25:05.715 --> 00:25:08.745
<00:25:05.715>and <00:25:05.948>I <00:25:06.181>hope <00:25:06.415>you <00:25:06.648>find <00:25:06.881>it <00:25:07.115>insightful.

400
00:25:16.795 --> 00:25:19.625
<00:25:16.795>Thank <00:25:17.145>you <00:25:17.495>Wrapper. <00:25:17.845>Uh, <00:25:18.195>welcome.

401
00:25:20.305 --> 00:25:23.755
<00:25:20.305>I <00:25:20.655>share <00:25:21.005>my <00:25:21.355>question <00:25:21.705>screen.

402
00:25:23.765 --> 00:25:26.195
<00:25:23.765>We've <00:25:23.920>got <00:25:24.076>quite <00:25:24.231>a <00:25:24.387>few <00:25:24.542>questions <00:25:24.698>of, <00:25:24.853>uh, <00:25:25.009>have <00:25:25.165>come

403
00:25:26.195 --> 00:25:27.395
<00:25:26.195>through <00:25:26.735>for <00:25:27.275>you.

404
00:25:29.455 --> 00:25:32.355
<00:25:29.455>Um, <00:25:29.595>and <00:25:29.735>the <00:25:29.875>first <00:25:30.014>one <00:25:30.155>I <00:25:30.294>think <00:25:30.435>is <00:25:30.574>the <00:25:30.715>most <00:25:30.855>pertinent.

405
00:25:32.455 --> 00:25:35.275
<00:25:32.455>Uh, <00:25:32.629>when, <00:25:32.804>when <00:25:32.980>can <00:25:33.155>we <00:25:33.330>use <00:25:33.504>hand <00:25:33.679>cash <00:25:33.855>connect?

406
00:25:37.115 --> 00:25:41.245
<00:25:37.115>Yeah. <00:25:37.290>So <00:25:37.465>right <00:25:37.640>now, <00:25:37.815>um, <00:25:37.990>the <00:25:38.165>technology <00:25:38.340>is <00:25:38.515>there.

407
00:25:42.695 --> 00:25:45.235
<00:25:42.695>The <00:25:43.044>only <00:25:43.395>thing <00:25:43.745>is, <00:25:44.095>um,

408
00:25:46.355 --> 00:25:51.055
<00:25:46.355>our <00:25:46.495>team <00:25:46.635>is <00:25:46.775>been <00:25:46.915>working <00:25:47.055>here <00:25:47.195>nonstop <00:25:47.335>for <00:25:47.475>a <00:25:47.615>long <00:25:47.755>time

409
00:25:52.085 --> 00:25:54.025
<00:25:52.085>and <00:25:52.318>we <00:25:52.551>want <00:25:52.785>to <00:25:53.018>protect <00:25:53.251>this <00:25:53.485>technology.

410
00:25:55.555 --> 00:25:59.695
<00:25:55.555>We <00:25:55.730>think <00:25:55.905>it <00:25:56.080>solved <00:25:56.255>many <00:25:56.430>different <00:25:56.605>pieces <00:25:56.780>of <00:25:56.955>Bitcoin

411
00:26:01.275 --> 00:26:04.175
<00:26:01.275>and <00:26:01.475>solving <00:26:01.675>problems <00:26:01.875>that <00:26:02.075>they've <00:26:02.275>been <00:26:02.475>done <00:26:02.675>for,

412
00:26:04.475 --> 00:26:05.575
<00:26:04.475>for <00:26:04.804>years <00:26:05.135>and <00:26:05.465>years.

413
00:26:06.235 --> 00:26:09.015
<00:26:06.235>So <00:26:06.390>we <00:26:06.546>need <00:26:06.701>to <00:26:06.857>make <00:26:07.012>sure <00:26:07.168>we <00:26:07.323>have <00:26:07.479>the <00:26:07.635>patents,

414
00:26:09.795 --> 00:26:12.175
<00:26:09.795>we <00:26:10.145>have <00:26:10.495>this <00:26:10.845>technology <00:26:11.195>protected,

415
00:26:13.015 --> 00:26:16.635
<00:26:13.015>and <00:26:13.190>once <00:26:13.365>everything <00:26:13.540>is <00:26:13.715>ready, <00:26:13.890>it <00:26:14.065>will <00:26:14.240>be <00:26:14.415>available.

416
00:26:16.905 --> 00:26:20.675
<00:26:16.905>There's, <00:26:17.060>there's <00:26:17.216>no <00:26:17.371>one <00:26:17.527>looking <00:26:17.682>for <00:26:17.838>what <00:26:17.993>we <00:26:18.149>more <00:26:18.305>than

417
00:26:21.785 --> 00:26:22.925
<00:26:21.785>myself <00:26:22.127>and <00:26:22.469>my <00:26:22.811>team,

418
00:26:22.945 --> 00:26:26.485
<00:26:22.945>but <00:26:23.178>it's <00:26:23.411>not <00:26:23.645>a <00:26:23.878>technological <00:26:24.111>problem <00:26:24.345>is,

419
00:26:26.485 --> 00:26:28.305
<00:26:26.485>uh, <00:26:26.951>a <00:26:27.418>legal <00:26:27.885>problem.

420
00:26:28.815 --> 00:26:31.145
<00:26:28.815>There's <00:26:29.095>many <00:26:29.375>copycats <00:26:29.655>in <00:26:29.935>this <00:26:30.215>ecosystem

421
00:26:31.245 --> 00:26:34.905
<00:26:31.245>and <00:26:31.385>we <00:26:31.524>need <00:26:31.665>to <00:26:31.804>make <00:26:31.945>sure <00:26:32.084>we <00:26:32.225>keep <00:26:32.364>our <00:26:32.504>competitive <00:26:32.645>advantage.

422
00:26:36.045 --> 00:26:38.935
<00:26:36.045>Sure. <00:26:36.325>Okay. <00:26:36.605>Um, <00:26:36.885>so <00:26:37.165>any <00:26:37.445>estimate?

423
00:26:39.395 --> 00:26:41.815
<00:26:39.395>Are <00:26:39.535>we <00:26:39.675>talking <00:26:39.815>a <00:26:39.955>few <00:26:40.095>weeks <00:26:40.235>or <00:26:40.375>a <00:26:40.514>couple <00:26:40.655>of <00:26:40.795>months?

424
00:26:43.365 --> 00:26:44.685
<00:26:43.365>Probably <00:26:43.761>a <00:26:44.157>few <00:26:44.553>months,

425
00:26:45.265 --> 00:26:46.265
<00:26:45.265>Yep. <00:26:46.165>Okay.

426
00:26:46.265 --> 00:26:50.525
<00:26:46.265>Um, <00:26:46.420>so <00:26:46.576>we <00:26:46.731>have <00:26:46.887>another <00:26:47.042>question <00:26:47.198>here, <00:26:47.353>uh, <00:26:47.509>uh, <00:26:47.665>which,

427
00:26:50.585 --> 00:26:52.325
<00:26:50.585>uh, <00:26:50.818>I <00:26:51.051>suspect <00:26:51.285>you <00:26:51.518>might <00:26:51.751>have, <00:26:51.985>uh,

428
00:26:52.325 --> 00:26:53.765
<00:26:52.325>already <00:26:52.649>stumbled <00:26:52.973>on <00:26:53.297>the <00:26:53.621>answer.

429
00:26:53.945 --> 00:26:56.645
<00:26:53.945>Um, <00:26:54.120>do <00:26:54.294>businesses <00:26:54.470>like <00:26:54.645>coder, <00:26:54.820>et <00:26:54.995>cetera, <00:26:55.169>are <00:26:55.345>any

430
00:26:56.645 --> 00:27:00.325
<00:26:56.645>of <00:26:56.800>them <00:26:56.956>already <00:26:57.111>running <00:26:57.267>hand, <00:26:57.422>hand <00:26:57.578>cash <00:26:57.733>connected <00:26:57.889>in <00:26:58.045>beta?

431
00:27:01.505 --> 00:27:04.045
<00:27:01.505>Can <00:27:01.855>answer <00:27:02.205>that? <00:27:02.555>No. <00:27:02.905>Okay.

432
00:27:05.165 --> 00:27:06.325
<00:27:05.165>I <00:27:05.373>mean, <00:27:05.582>it, <00:27:05.791>it <00:27:06.000>would <00:27:06.209>be,

433
00:27:06.425 --> 00:27:08.925
<00:27:06.425>it <00:27:06.625>would <00:27:06.825>be <00:27:07.024>giving <00:27:07.225>information <00:27:07.425>about <00:27:07.625>the <00:27:07.825>company

434
00:27:09.075 --> 00:27:11.485
<00:27:09.075>that <00:27:09.308>it <00:27:09.541>doesn't <00:27:09.775>belong <00:27:10.008>to <00:27:10.241>myself, <00:27:10.475>so.

435
00:27:12.025 --> 00:27:13.725
<00:27:12.025>Yep. <00:27:12.725>Certainly. <00:27:13.425>Um,

436
00:27:13.985 --> 00:27:16.325
<00:27:13.985>so <00:27:14.218>someone's <00:27:14.451>asking <00:27:14.685>about <00:27:14.918>the <00:27:15.151>escrow <00:27:15.385>payments.

437
00:27:16.425 --> 00:27:18.685
<00:27:16.425>Uh, <00:27:16.625>actually <00:27:16.825>there <00:27:17.024>were <00:27:17.225>two, <00:27:17.425>uh, <00:27:17.625>two <00:27:17.825>questions,

438
00:27:18.695 --> 00:27:21.765
<00:27:18.695>which <00:27:18.870>are <00:27:19.044>pretty <00:27:19.220>much <00:27:19.395>the <00:27:19.570>same <00:27:19.745>one, <00:27:19.919>um <00:27:20.095>mm-hmm.

439
00:27:21.885 --> 00:27:24.245
<00:27:21.885>With <00:27:22.118>escrow. <00:27:22.351>Uh, <00:27:22.585>what <00:27:22.818>happens <00:27:23.051>when, <00:27:23.285>um,

440
00:27:24.355 --> 00:27:27.485
<00:27:24.355>when <00:27:24.510>the <00:27:24.666>two <00:27:24.821>parties <00:27:24.977>disagree <00:27:25.132>about <00:27:25.288>who <00:27:25.443>should <00:27:25.599>receive, <00:27:25.755>um,

441
00:27:28.065 --> 00:27:29.245
<00:27:28.065>uh, <00:27:28.419>the <00:27:28.773>escrow <00:27:29.127>payment?

442
00:27:29.545 --> 00:27:31.925
<00:27:29.545>Is <00:27:29.745>there <00:27:29.945>a <00:27:30.145>dispute <00:27:30.345>resolution <00:27:30.545>process <00:27:30.745>or <00:27:30.945>something?

443
00:27:32.795 --> 00:27:35.685
<00:27:32.795>Yeah, <00:27:32.970>that's, <00:27:33.145>that's <00:27:33.320>part <00:27:33.495>of <00:27:33.670>the, <00:27:33.845>of <00:27:34.020>the <00:27:34.195>platform.

444
00:27:36.045 --> 00:27:37.845
<00:27:36.045>I <00:27:36.325>mean, <00:27:36.605>like <00:27:36.885>any <00:27:37.165>other <00:27:37.445>marketplace

445
00:27:38.105 --> 00:27:41.655
<00:27:38.105>or <00:27:38.385>whatever <00:27:38.665>the <00:27:38.945>platform <00:27:39.225>should <00:27:39.505>be,

446
00:27:41.655 --> 00:27:43.975
<00:27:41.655>should <00:27:41.855>define <00:27:42.055>what's <00:27:42.254>the <00:27:42.455>policy <00:27:42.655>for <00:27:42.855>this <00:27:43.055>kind

447
00:27:43.975 --> 00:27:46.615
<00:27:43.975>of, <00:27:44.675>of <00:27:45.375>dispute?

448
00:27:47.115 --> 00:27:51.095
<00:27:47.115>We <00:27:47.290>offer <00:27:47.465>technology <00:27:47.640>to <00:27:47.815>make <00:27:47.990>the <00:27:48.165>payment <00:27:48.340>effective. <00:27:48.515>Mm-hmm.

449
00:27:51.355 --> 00:27:54.575
<00:27:51.355>But <00:27:51.530>that's <00:27:51.705>something <00:27:51.880>add <00:27:52.055>to <00:27:52.230>every <00:27:52.405>different <00:27:52.580>parties. <00:27:52.755>Yeah.

450
00:27:55.825 --> 00:27:59.125
<00:27:55.825>So <00:27:55.952>that's <00:27:56.079>defined <00:27:56.206>by <00:27:56.334>the <00:27:56.461>user <00:27:56.588>of <00:27:56.715>the, <00:27:56.843>or <00:27:56.970>not <00:27:57.097>the <00:27:57.225>user,

451
00:27:59.185 --> 00:28:00.365
<00:27:59.185>but <00:27:59.450>the <00:27:59.716>business <00:27:59.981>that <00:28:00.247>setss.

452
00:28:00.435 --> 00:28:01.435
Yeah.

453
00:28:01.955 --> 00:28:04.645
<00:28:01.955>Yeah, <00:28:02.155>I <00:28:02.355>think, <00:28:02.554>yeah, <00:28:02.754>with <00:28:02.955>within <00:28:03.155>the <00:28:03.355>different,

454
00:28:05.185 --> 00:28:08.515
<00:28:05.185>the <00:28:05.418>different <00:28:05.651>businesses <00:28:05.885>with <00:28:06.118>the <00:28:06.351>different <00:28:06.585>context

455
00:28:09.055 --> 00:28:10.435
<00:28:09.055>and <00:28:09.365>the <00:28:09.676>different <00:28:09.986>business <00:28:10.297>models,

456
00:28:10.505 --> 00:28:11.995
<00:28:10.505>they <00:28:10.952>require <00:28:11.399>different <00:28:11.846>policies.

457
00:28:12.655 --> 00:28:14.635
<00:28:12.655>So <00:28:13.004>maybe <00:28:13.355>with <00:28:13.705>our <00:28:14.055>experience,

458
00:28:14.655 --> 00:28:17.115
<00:28:14.655>we <00:28:14.888>can <00:28:15.121>recommend <00:28:15.355>which <00:28:15.588>policies <00:28:15.821>to <00:28:16.055>apply,

459
00:28:18.265 --> 00:28:20.695
<00:28:18.265>but <00:28:18.731>there's <00:28:19.198>no, <00:28:19.665>um,

460
00:28:22.315 --> 00:28:23.695
<00:28:22.315>we <00:28:22.729>offer <00:28:23.143>the <00:28:23.557>technology,

461
00:28:24.595 --> 00:28:27.415
<00:28:24.595>but <00:28:24.750>we <00:28:24.906>can <00:28:25.061>run <00:28:25.217>the <00:28:25.372>business <00:28:25.528>for <00:28:25.683>the <00:28:25.839>other <00:28:25.995>person.

462
00:28:28.535 --> 00:28:30.025
<00:28:28.535>Sure. <00:28:29.876>Okay.

463
00:28:30.405 --> 00:28:34.305
<00:28:30.405>Um, <00:28:30.580>so, <00:28:30.754>uh, <00:28:30.930>a <00:28:31.105>technology <00:28:31.280>question <00:28:31.455>then, <00:28:31.629>um, <00:28:31.805>nice.

464
00:28:34.735 --> 00:28:38.585
<00:28:34.735>John <00:28:34.890>Pitts <00:28:35.046>asks, <00:28:35.201>uh, <00:28:35.357>what <00:28:35.512>kind <00:28:35.668>of <00:28:35.823>backend <00:28:35.979>languages, <00:28:36.135>uh,

465
00:28:39.245 --> 00:28:42.065
<00:28:39.245>can <00:28:39.419>a <00:28:39.594>developer <00:28:39.770>use <00:28:39.945>to <00:28:40.120>integrate <00:28:40.294>hand <00:28:40.469>cash <00:28:40.645>connect?

466
00:28:42.645 --> 00:28:46.465
<00:28:42.645>And <00:28:42.820>how <00:28:42.995>about <00:28:43.170>straight <00:28:43.345>API <00:28:43.520>calls <00:28:43.695>no <00:28:43.870>framework <00:28:44.045>download?

467
00:28:46.725 --> 00:28:49.585
<00:28:46.725>Uh, <00:28:46.852>so <00:28:46.979>I <00:28:47.106>think <00:28:47.234>what <00:28:47.361>he <00:28:47.488>means <00:28:47.615>is, <00:28:47.743>uh, <00:28:47.870>are <00:28:47.997>there, <00:28:48.125>uh,

468
00:28:49.585 --> 00:28:51.665
<00:28:49.585>client <00:28:49.865>libraries, <00:28:50.145>uh, <00:28:50.425>being, <00:28:50.705>uh, <00:28:50.985>built

469
00:28:51.885 --> 00:28:54.305
<00:28:51.885>or <00:28:52.165>being <00:28:52.445>built <00:28:52.725>in <00:28:53.004>various <00:28:53.285>languages?

470
00:28:55.085 --> 00:28:58.065
<00:28:55.085>Uh, <00:28:55.240>and <00:28:55.396>is <00:28:55.551>there, <00:28:55.707>you <00:28:55.862>know, <00:28:56.018>a <00:28:56.173>rest <00:28:56.329>API <00:28:56.485>or,

471
00:28:58.725 --> 00:29:01.665
<00:28:58.725>or, <00:28:58.880>uh, <00:28:59.036>some <00:28:59.191>other <00:28:59.347>generic <00:28:59.502>API <00:28:59.658>that <00:28:59.813>people <00:28:59.969>can <00:29:00.125>use?

472
00:29:02.135 --> 00:29:05.785
<00:29:02.135>Yeah, <00:29:02.415>so <00:29:02.695>there's, <00:29:02.975>it's <00:29:03.254>actually <00:29:03.535>everything.

473
00:29:05.815 --> 00:29:10.705
<00:29:05.815>It's <00:29:05.931>on <00:29:06.048>top <00:29:06.165>of <00:29:06.281>some <00:29:06.398>rest <00:29:06.515>API, <00:29:06.631>we <00:29:06.748>want <00:29:06.865>to <00:29:06.981>offer <00:29:07.098>some <00:29:07.215>wrappers

474
00:29:10.845 --> 00:29:12.065
<00:29:10.845>for <00:29:11.394>these <00:29:11.943>APIs.

475
00:29:12.165 --> 00:29:16.105
<00:29:12.165>Mm-hmm. <00:29:12.398>Right <00:29:12.631>now <00:29:12.865>we <00:29:13.098>have, <00:29:13.331>um, <00:29:13.565>JavaScript,

476
00:29:16.785 --> 00:29:19.945
<00:29:16.785>SDK <00:29:17.135>working <00:29:17.485>on <00:29:17.835>flatter <00:29:18.185>SDK,

477
00:29:20.635 --> 00:29:21.975
<00:29:20.635>the <00:29:20.936>technologies <00:29:21.238>that <00:29:21.539>we <00:29:21.841>use.

478
00:29:21.995 --> 00:29:23.975
<00:29:21.995>So <00:29:22.274>internally <00:29:22.554>we <00:29:22.834>can <00:29:23.114>test <00:29:23.395>everything,

479
00:29:24.955 --> 00:29:27.495
<00:29:24.955>but <00:29:25.188>if <00:29:25.421>you're <00:29:25.655>using <00:29:25.888>some <00:29:26.121>programming <00:29:26.355>language

480
00:29:27.605 --> 00:29:32.505
<00:29:27.605>that <00:29:27.745>we <00:29:27.885>still <00:29:28.025>don't <00:29:28.165>have <00:29:28.305>the <00:29:28.445>SDK <00:29:28.585>Ready, <00:29:28.725>you <00:29:28.865>can, <00:29:29.005>um,

481
00:29:32.655 --> 00:29:35.145
<00:29:32.655>just <00:29:33.004>use <00:29:33.355>the <00:29:33.705>raw, <00:29:34.055>um,

482
00:29:35.745 --> 00:29:38.905
<00:29:35.745>HTTP <00:29:36.211>calls <00:29:36.678>and <00:29:37.145>done.

483
00:29:38.965 --> 00:29:40.025
<00:29:38.965>So <00:29:39.283>there's <00:29:39.601>no <00:29:39.919>limits.

484
00:29:40.165 --> 00:29:43.085
<00:29:40.165>It <00:29:40.292>can <00:29:40.419>be <00:29:40.546>integrated <00:29:40.674>On <00:29:40.801>the <00:29:40.928>clear <00:29:41.055>side, <00:29:41.183>on <00:29:41.310>the <00:29:41.437>server <00:29:41.565>side,

485
00:29:43.715 --> 00:29:47.545
<00:29:43.715>virtual <00:29:44.064>reality <00:29:44.415>IOT <00:29:44.764>is <00:29:45.115>just

486
00:29:48.345 --> 00:29:50.835
<00:29:48.345>HTTP, <00:29:48.811>so <00:29:49.278>no <00:29:49.745>limits.

487
00:29:54.385 --> 00:29:56.935
<00:29:54.385>Great. <00:29:54.560>Uh, <00:29:54.735>the <00:29:54.910>rest <00:29:55.085>API, <00:29:55.260>of <00:29:55.435>course <00:29:55.610>is <00:29:55.785>the,

488
00:29:56.935 --> 00:29:59.855
<00:29:56.935>is <00:29:57.135>the <00:29:57.335>universal <00:29:57.534>language, <00:29:57.735>uh, <00:29:57.935>from <00:29:58.135>which <00:29:58.335>I,

489
00:29:59.975 --> 00:30:02.575
<00:29:59.975>I <00:30:00.115>think <00:30:00.254>in <00:30:00.395>many, <00:30:00.534>many <00:30:00.675>language <00:30:00.814>bindings <00:30:00.955>can <00:30:01.094>be <00:30:01.235>built, <00:30:01.375>uh,

490
00:30:02.625 --> 00:30:04.455
<00:30:02.625>using <00:30:02.975>autogenerated <00:30:03.325>tools <00:30:03.675>with <00:30:04.025>it.

491
00:30:04.455 --> 00:30:05.495
<00:30:04.455>Anyway, <00:30:05.390>um,

492
00:30:05.515 --> 00:30:09.735
<00:30:05.515>before <00:30:05.642>we <00:30:05.769>take <00:30:05.896>another <00:30:06.024>question, <00:30:06.151>um, <00:30:06.278>I <00:30:06.405>I <00:30:06.533>just <00:30:06.660>wanna <00:30:06.787>let <00:30:06.915>the,

493
00:30:09.955 --> 00:30:12.655
<00:30:09.955>um, <00:30:10.110>the <00:30:10.266>viewers <00:30:10.421>know <00:30:10.577>about <00:30:10.732>a <00:30:10.888>feature <00:30:11.043>that <00:30:11.199>is <00:30:11.355>coming

494
00:30:12.655 --> 00:30:15.415
<00:30:12.655>to <00:30:12.810>Bitcoin <00:30:12.966>SV <00:30:13.121>quite <00:30:13.277>soon, <00:30:13.432>which <00:30:13.588>is <00:30:13.743>probably <00:30:13.899>quite <00:30:14.055>pertinent,

495
00:30:15.675 --> 00:30:17.095
<00:30:15.675>uh, <00:30:15.994>to <00:30:16.314>hand <00:30:16.633>Cash <00:30:16.953>Connect

496
00:30:17.095 --> 00:30:21.255
<00:30:17.095>because <00:30:17.270>you <00:30:17.445>talk <00:30:17.620>a <00:30:17.795>lot <00:30:17.970>about, <00:30:18.145>uh, <00:30:18.320>micropayments, <00:30:18.495>uh,

497
00:30:21.395 --> 00:30:24.695
<00:30:21.395>and, <00:30:21.535>um, <00:30:21.675>you <00:30:21.815>know, <00:30:21.955>Bitcoin <00:30:22.095>SV <00:30:22.235>is <00:30:22.375>capable <00:30:22.514>of, <00:30:22.655>uh, <00:30:22.795>well,

498
00:30:24.695 --> 00:30:26.895
<00:30:24.695>it <00:30:24.850>makes <00:30:25.006>sense <00:30:25.161>to <00:30:25.317>use <00:30:25.472>Bitcoin <00:30:25.628>SV <00:30:25.783>for <00:30:25.939>some <00:30:26.095>very,

499
00:30:26.895 --> 00:30:29.175
<00:30:26.895>very <00:30:27.175>low <00:30:27.455>value <00:30:27.735>payments, <00:30:28.014>uh, <00:30:28.295>simply

500
00:30:29.175 --> 00:30:32.655
<00:30:29.175>because <00:30:29.302>the <00:30:29.429>fees <00:30:29.556>are <00:30:29.684>so <00:30:29.811>low, <00:30:29.938>uh, <00:30:30.065>less <00:30:30.193>than <00:30:30.320>a, <00:30:30.447>a <00:30:30.575>hundredth

501
00:30:32.655 --> 00:30:33.975
<00:30:32.655>of <00:30:32.892>a <00:30:33.130>cent, <00:30:33.367>uh, <00:30:33.605>right <00:30:33.842>now.

502
00:30:34.195 --> 00:30:38.095
<00:30:34.195>So, <00:30:34.350>um, <00:30:34.506>you <00:30:34.661>know, <00:30:34.817>even <00:30:34.972>half <00:30:35.128>cent <00:30:35.283>payments, <00:30:35.439>uh, <00:30:35.595>make,

503
00:30:38.165 --> 00:30:39.295
<00:30:38.165>make <00:30:38.673>economic <00:30:39.182>sense.

504
00:30:39.435 --> 00:30:41.815
<00:30:39.435>But, <00:30:39.590>um, <00:30:39.746>but <00:30:39.901>you <00:30:40.057>can <00:30:40.212>go <00:30:40.368>even <00:30:40.523>lower <00:30:40.679>than <00:30:40.835>that

505
00:30:41.815 --> 00:30:45.175
<00:30:41.815>because <00:30:42.015>we're <00:30:42.215>introducing <00:30:42.415>the <00:30:42.615>concept <00:30:42.815>of <00:30:43.015>a, <00:30:43.215>uh,

506
00:30:45.295 --> 00:30:49.095
<00:30:45.295>a <00:30:45.450>piggyback <00:30:45.606>payment <00:30:45.761>where <00:30:45.917>if <00:30:46.072>you <00:30:46.228>already <00:30:46.383>have <00:30:46.539>a, <00:30:46.695>um,

507
00:30:50.255 --> 00:30:54.855
<00:30:50.255>a <00:30:50.410>transaction <00:30:50.566>paying <00:30:50.721>somebody, <00:30:50.877>um, <00:30:51.032>you <00:30:51.188>can <00:30:51.343>add <00:30:51.499>outputs, <00:30:51.655>uh,

508
00:30:54.875 --> 00:30:57.535
<00:30:54.875>to <00:30:55.050>the <00:30:55.225>transaction, <00:30:55.400>paying <00:30:55.575>very, <00:30:55.750>very <00:30:55.925>tiny <00:30:56.100>amounts, <00:30:56.275>even

509
00:30:57.535 --> 00:30:58.895
<00:30:57.535>as <00:30:57.841>low <00:30:58.147>as <00:30:58.453>one <00:30:58.759>Satoshi.

510
00:30:59.475 --> 00:31:03.535
<00:30:59.475>Um, <00:30:59.615>and <00:30:59.754>the <00:30:59.895>reason <00:31:00.034>why <00:31:00.175>that <00:31:00.314>then <00:31:00.455>becomes, <00:31:00.594>uh, <00:31:00.735>well <00:31:00.875>the,

511
00:31:03.755 --> 00:31:06.935
<00:31:03.755>the <00:31:03.910>feature <00:31:04.066>I <00:31:04.221>suppose <00:31:04.377>that <00:31:04.532>makes <00:31:04.688>that <00:31:04.843>potentially <00:31:04.999>usable <00:31:05.155>is,

512
00:31:07.115 --> 00:31:10.695
<00:31:07.115>um, <00:31:07.290>we're <00:31:07.465>introducing <00:31:07.640>the <00:31:07.815>ability <00:31:07.990>to <00:31:08.165>consolidate, <00:31:08.340>um, <00:31:08.515>uh,

513
00:31:10.695 --> 00:31:15.375
<00:31:10.695>many, <00:31:10.850>many <00:31:11.006>small <00:31:11.161>outputs, <00:31:11.317>uh, <00:31:11.472>in <00:31:11.628>a <00:31:11.783>transaction <00:31:11.939>that, <00:31:12.095>uh,

514
00:31:15.375 --> 00:31:17.455
<00:31:15.375>miners <00:31:15.550>have <00:31:15.725>the <00:31:15.900>option <00:31:16.075>of <00:31:16.250>then <00:31:16.425>mining <00:31:16.600>for <00:31:16.775>free.

515
00:31:17.755 --> 00:31:19.935
<00:31:17.755>Uh, <00:31:17.910>and <00:31:18.066>the <00:31:18.221>reason <00:31:18.377>why <00:31:18.532>they <00:31:18.688>might <00:31:18.843>do <00:31:18.999>that <00:31:19.155>is

516
00:31:19.935 --> 00:31:22.295
<00:31:19.935>because <00:31:20.135>it's <00:31:20.335>a <00:31:20.534>net <00:31:20.735>benefit <00:31:20.935>to <00:31:21.135>the <00:31:21.335>miner.

517
00:31:22.635 --> 00:31:25.815
<00:31:22.635>Uh, <00:31:22.775>if <00:31:22.915>you <00:31:23.055>take <00:31:23.195>a <00:31:23.335>hundred, <00:31:23.475>uh, <00:31:23.615>tiny <00:31:23.754>outputs <00:31:23.895>and, <00:31:24.035>and,

518
00:31:26.155 --> 00:31:29.415
<00:31:26.155>and <00:31:26.295>combine <00:31:26.435>them <00:31:26.575>into <00:31:26.715>a, <00:31:26.855>uh, <00:31:26.995>sorry, <00:31:27.135>a <00:31:27.274>hundred <00:31:27.415>tiny <00:31:27.555>inputs

519
00:31:29.415 --> 00:31:31.015
<00:31:29.415>and <00:31:29.648>combine <00:31:29.881>them <00:31:30.115>into <00:31:30.348>a <00:31:30.581>single <00:31:30.815>output,

520
00:31:31.045 --> 00:31:33.855
<00:31:31.045>then <00:31:31.185>you <00:31:31.325>are <00:31:31.465>reducing <00:31:31.605>the <00:31:31.745>size <00:31:31.885>of <00:31:32.025>the <00:31:32.165>database <00:31:32.305>that <00:31:32.445>the,

521
00:31:33.855 --> 00:31:34.975
<00:31:33.855>that <00:31:34.056>the <00:31:34.258>miners <00:31:34.459>have <00:31:34.661>to <00:31:34.862>use.

522
00:31:35.075 --> 00:31:37.335
<00:31:35.075>So <00:31:35.541>benefits <00:31:36.008>them, <00:31:36.475>um,

523
00:31:38.115 --> 00:31:43.055
<00:31:38.115>and, <00:31:38.242>uh, <00:31:38.369>potentially <00:31:38.496>enables <00:31:38.624>a, <00:31:38.751>a <00:31:38.878>lot <00:31:39.005>of <00:31:39.133>new <00:31:39.260>use <00:31:39.387>cases, <00:31:39.515>um,

524
00:31:43.565 --> 00:31:46.495
<00:31:43.565>because <00:31:43.705>you <00:31:43.845>can <00:31:43.985>build <00:31:44.125>a <00:31:44.265>business <00:31:44.405>on <00:31:44.545>the <00:31:44.685>basis <00:31:44.825>of <00:31:44.965>receiving,

525
00:31:46.915 --> 00:31:49.335
<00:31:46.915>you <00:31:47.115>know, <00:31:47.315>a, <00:31:47.514>a <00:31:47.715>single <00:31:47.915>satoshi <00:31:48.115>uh, <00:31:48.315>payment

526
00:31:49.515 --> 00:31:53.775
<00:31:49.515>for <00:31:49.715>providing <00:31:49.915>some <00:31:50.115>very, <00:31:50.315>very, <00:31:50.515>uh, <00:31:50.715>microservice, <00:31:50.915>uh,

527
00:31:54.355 --> 00:31:55.735
<00:31:54.355>in <00:31:54.769>large, <00:31:55.183>large <00:31:55.597>volumes.

528
00:31:56.635 --> 00:31:58.295
<00:31:56.635>And <00:31:56.790>all <00:31:56.946>you <00:31:57.101>really <00:31:57.257>need <00:31:57.412>to <00:31:57.568>do <00:31:57.723>is <00:31:57.879>sit <00:31:58.035>there

529
00:31:58.315 --> 00:32:00.775
<00:31:58.315>and <00:31:58.490>wait <00:31:58.665>until <00:31:58.840>you've <00:31:59.015>collected <00:31:59.190>enough <00:31:59.365>of <00:31:59.540>these, <00:31:59.715>uh,

530
00:32:00.785 --> 00:32:03.895
<00:32:00.785>small <00:32:00.985>payments, <00:32:01.185>uh, <00:32:01.385>to <00:32:01.585>make <00:32:01.785>a <00:32:01.985>consolidation <00:32:02.185>transaction

531
00:32:04.355 --> 00:32:06.095
<00:32:04.355>and <00:32:04.588>put <00:32:04.821>them <00:32:05.055>all <00:32:05.288>together <00:32:05.521>into, <00:32:05.755>um,

532
00:32:06.285 --> 00:32:08.655
<00:32:06.285>into <00:32:06.565>a <00:32:06.845>more <00:32:07.125>useful, <00:32:07.405>uh, <00:32:07.685>output.

533
00:32:10.035 --> 00:32:14.055
<00:32:10.035>So, <00:32:10.190>um, <00:32:10.346>so <00:32:10.501>Jenga <00:32:10.657>asks, <00:32:10.812>is, <00:32:10.968>um, <00:32:11.123>is <00:32:11.279>building <00:32:11.435>integrations

534
00:32:14.085 --> 00:32:16.855
<00:32:14.085>with <00:32:14.260>Twitter <00:32:14.435>and <00:32:14.610>Google, <00:32:14.785>uh, <00:32:14.960>as <00:32:15.135>you, <00:32:15.310>you <00:32:15.485>mentioned

535
00:32:16.855 --> 00:32:18.975
<00:32:16.855>before, <00:32:17.030>something <00:32:17.205>that <00:32:17.380>Hand <00:32:17.555>Cash <00:32:17.730>is <00:32:17.905>planning <00:32:18.080>to <00:32:18.255>do?

536
00:32:19.035 --> 00:32:21.815
<00:32:19.035>Or <00:32:19.162>or <00:32:19.289>do <00:32:19.416>you <00:32:19.544>think <00:32:19.671>that <00:32:19.798>other <00:32:19.925>people <00:32:20.053>would <00:32:20.180>build <00:32:20.307>these <00:32:20.435>sorts

537
00:32:21.815 --> 00:32:23.655
<00:32:21.815>of <00:32:22.095>integrations <00:32:22.375>using <00:32:22.655>Hand <00:32:22.935>Cash <00:32:23.215>Connect?

538
00:32:24.595 --> 00:32:28.055
<00:32:24.595>Um, <00:32:24.828>personally <00:32:25.061>I <00:32:25.295>will <00:32:25.528>not <00:32:25.761>someone <00:32:25.995>else

539
00:32:28.995 --> 00:32:31.575
<00:32:28.995>to <00:32:29.195>build <00:32:29.395>these <00:32:29.594>things, <00:32:29.794>but <00:32:29.995>it's <00:32:30.195>something <00:32:30.395>we

540
00:32:31.575 --> 00:32:33.495
<00:32:31.575>internally <00:32:31.925>are <00:32:32.275>willing <00:32:32.625>to <00:32:32.975>do.

541
00:32:34.475 --> 00:32:39.015
<00:32:34.475>My <00:32:34.675>first <00:32:34.875>Flutter <00:32:35.074>app <00:32:35.274>was, <00:32:35.475>uh, <00:32:35.675>Twitter <00:32:35.875>clone.

542
00:32:39.965 --> 00:32:43.105
<00:32:39.965>So <00:32:40.120>I <00:32:40.276>mean, <00:32:40.431>we <00:32:40.587>already <00:32:40.742>have <00:32:40.898>most <00:32:41.053>of <00:32:41.209>the <00:32:41.365>pieces

543
00:32:43.285 --> 00:32:46.345
<00:32:43.285>and <00:32:43.485>we <00:32:43.685>just <00:32:43.885>need <00:32:44.085>the <00:32:44.285>integration <00:32:44.485>of <00:32:44.685>Connect,

544
00:32:48.005 --> 00:32:51.665
<00:32:48.005>but <00:32:48.180>we <00:32:48.355>really <00:32:48.530>believe <00:32:48.705>on <00:32:48.880>focus <00:32:49.055>and <00:32:49.230>building <00:32:49.405>apps.

545
00:32:51.855 --> 00:32:55.385
<00:32:51.855>It's <00:32:52.088>something, <00:32:52.321>um, <00:32:52.555>someone <00:32:52.788>else <00:32:53.021>should <00:32:53.255>do.

546
00:32:56.145 --> 00:32:58.785
<00:32:56.145>I <00:32:56.300>mean, <00:32:56.456>we, <00:32:56.611>we <00:32:56.767>want <00:32:56.922>to <00:32:57.078>build <00:32:57.233>some <00:32:57.389>apps <00:32:57.545>just

547
00:32:58.805 --> 00:33:02.105
<00:32:58.805>to <00:32:58.945>inspire <00:32:59.085>people <00:32:59.225>to <00:32:59.365>have, <00:32:59.505>to <00:32:59.645>have <00:32:59.785>some <00:32:59.925>use <00:33:00.065>cases <00:33:00.205>in

548
00:33:02.125 --> 00:33:05.465
<00:33:02.125>how <00:33:02.325>you <00:33:02.525>can <00:33:02.725>build <00:33:02.925>labs <00:33:03.125>to <00:33:03.325>promote <00:33:03.525>good

549
00:33:05.785 --> 00:33:07.345
<00:33:05.785>practices <00:33:06.065>and <00:33:06.345>this <00:33:06.625>sort <00:33:06.905>of <00:33:07.185>thing.

550
00:33:07.365 --> 00:33:09.665
<00:33:07.365>But <00:33:07.565>we <00:33:07.765>don't <00:33:07.965>want <00:33:08.165>right <00:33:08.365>now <00:33:08.565>to <00:33:08.765>build

551
00:33:10.285 --> 00:33:12.845
<00:33:10.285>new <00:33:10.565>businesses <00:33:10.845>on <00:33:11.125>top <00:33:11.405>of <00:33:11.685>Connect.

552
00:33:13.635 --> 00:33:14.815
<00:33:13.635>We, <00:33:13.900>we <00:33:14.166>already <00:33:14.431>have <00:33:14.697>enough.

553
00:33:16.335 --> 00:33:19.585
<00:33:16.335>Sure. <00:33:16.462>Uh, <00:33:16.589>we <00:33:16.716>have <00:33:16.844>the <00:33:16.971>same <00:33:17.098>problem <00:33:17.225>at <00:33:17.353>End <00:33:17.480>Chain <00:33:17.607>Focus <00:33:17.735>is,

554
00:33:19.725 --> 00:33:22.625
<00:33:19.725>uh, <00:33:19.852>is <00:33:19.979>one <00:33:20.106>of <00:33:20.234>the, <00:33:20.361>the, <00:33:20.488>the <00:33:20.615>key <00:33:20.743>issues <00:33:20.870>to <00:33:20.997>contend <00:33:21.125>with.

555
00:33:22.645 --> 00:33:26.025
<00:33:22.645>And <00:33:22.772>anyone <00:33:22.899>who <00:33:23.026>has <00:33:23.154>not <00:33:23.281>yet <00:33:23.408>tried <00:33:23.535>their <00:33:23.663>hand <00:33:23.790>at <00:33:23.917>building <00:33:24.045>a,

556
00:33:26.125 --> 00:33:30.625
<00:33:26.125>um, <00:33:26.280>a <00:33:26.436>Bitcoin <00:33:26.591>SV <00:33:26.747>application, <00:33:26.902>um, <00:33:27.058>it's, <00:33:27.213>it's <00:33:27.369>a <00:33:27.525>very,

557
00:33:30.625 --> 00:33:34.985
<00:33:30.625>very <00:33:30.780>common, <00:33:30.936>um, <00:33:31.091>uh, <00:33:31.247>process, <00:33:31.402>I <00:33:31.558>suppose <00:33:31.713>to <00:33:31.869>get <00:33:32.025>partway

558
00:33:35.145 --> 00:33:36.425
<00:33:35.145>through <00:33:35.529>building <00:33:35.913>one <00:33:36.297>application.

559
00:33:36.445 --> 00:33:38.665
<00:33:36.445>And <00:33:36.620>then, <00:33:36.794>um, <00:33:36.970>uh, <00:33:37.145>by <00:33:37.320>the <00:33:37.495>time <00:33:37.669>you're, <00:33:37.845>uh,

560
00:33:38.665 --> 00:33:40.665
<00:33:38.665>you're <00:33:38.865>even <00:33:39.065>halfway <00:33:39.264>through, <00:33:39.465>you've <00:33:39.665>got <00:33:39.865>an <00:33:40.065>idea

561
00:33:40.725 --> 00:33:41.745
<00:33:40.725>for, <00:33:41.031>for <00:33:41.337>10 <00:33:41.642>more.

562
00:33:42.445 --> 00:33:46.625
<00:33:42.445>Um, <00:33:42.552>and <00:33:42.660>so <00:33:42.768>we <00:33:42.875>hear <00:33:42.983>this, <00:33:43.091>uh, <00:33:43.198>this <00:33:43.306>quite <00:33:43.414>a <00:33:43.521>lot <00:33:43.629>when <00:33:43.737>we <00:33:43.845>ask,

563
00:33:46.645 --> 00:33:48.025
<00:33:46.645>uh, <00:33:46.852>are <00:33:47.059>you <00:33:47.266>gonna <00:33:47.473>do <00:33:47.680>this <00:33:47.887>thing?

564
00:33:48.045 --> 00:33:49.145
<00:33:48.045>Are <00:33:48.243>you <00:33:48.441>gonna <00:33:48.639>do <00:33:48.837>that <00:33:49.035>thing?

565
00:33:49.285 --> 00:33:51.905
<00:33:49.285>Um, <00:33:49.460>uh, <00:33:49.635>developers <00:33:49.810>quite <00:33:49.985>often <00:33:50.160>say, <00:33:50.335>I'd <00:33:50.510>like <00:33:50.685>to,

566
00:33:52.005 --> 00:33:54.185
<00:33:52.005>but <00:33:52.238>um, <00:33:52.471>I've <00:33:52.705>got <00:33:52.938>these <00:33:53.171>other, <00:33:53.405>uh,

567
00:33:54.185 --> 00:33:56.465
<00:33:54.185>20 <00:33:54.385>things <00:33:54.585>I <00:33:54.784>I <00:33:54.985>want <00:33:55.185>to <00:33:55.385>do <00:33:55.585>first.

568
00:33:56.765 --> 00:34:01.545
<00:33:56.765>So, <00:33:56.892>yeah. <00:33:57.019>Um, <00:33:57.146>there's <00:33:57.274>no <00:33:57.401>shortage <00:33:57.528>of, <00:33:57.655>uh, <00:33:57.783>of <00:33:57.910>ideas, <00:33:58.037>um, <00:33:58.165>as

569
00:34:01.565 --> 00:34:04.865
<00:34:01.565>to, <00:34:01.692>you <00:34:01.819>know, <00:34:01.946>what <00:34:02.074>useful <00:34:02.201>things, <00:34:02.328>uh, <00:34:02.455>can <00:34:02.583>be <00:34:02.710>built <00:34:02.837>as <00:34:02.965>you,

570
00:34:04.885 --> 00:34:06.105
<00:34:04.885>as <00:34:05.159>you <00:34:05.434>start <00:34:05.708>to <00:34:05.983>explore.

571
00:34:06.855 --> 00:34:09.705
<00:34:06.855>Yeah. <00:34:07.088>It's <00:34:07.321>like <00:34:07.555>fo <00:34:07.788>focusing <00:34:08.021>means <00:34:08.255>saying

572
00:34:10.845 --> 00:34:12.545
<00:34:10.844>no <00:34:11.544>1000 <00:34:12.245>times.

573
00:34:13.965 --> 00:34:18.255
<00:34:13.965>Certainly. <00:34:14.245>So <00:34:14.525>Chris <00:34:14.805>asks, <00:34:15.085>uh, <00:34:15.365>um,

574
00:34:18.615 --> 00:34:22.015
<00:34:18.614>a <00:34:18.754>question <00:34:18.895>which <00:34:19.034>is <00:34:19.174>probably <00:34:19.314>relevant <00:34:19.455>to, <00:34:19.594>to <00:34:19.734>any, <00:34:19.875>uh, <00:34:20.014>uh,

575
00:34:22.015 --> 00:34:24.095
<00:34:22.014>wallet <00:34:22.364>based, <00:34:22.714>um, <00:34:23.065>uh, <00:34:23.415>service.

576
00:34:24.515 --> 00:34:28.135
<00:34:24.514>Do <00:34:24.654>you <00:34:24.795>plan <00:34:24.935>on <00:34:25.074>extending <00:34:25.214>the <00:34:25.355>SDK, <00:34:25.495>uh, <00:34:25.634>to <00:34:25.775>be <00:34:25.915>able

577
00:34:28.135 --> 00:34:31.615
<00:34:28.135>to <00:34:28.290>recognize <00:34:28.446>tokens <00:34:28.601>on <00:34:28.757>top <00:34:28.912>of <00:34:29.068>BSB, <00:34:29.223>uh, <00:34:29.379>for <00:34:29.535>example,

578
00:34:31.845 --> 00:34:32.935
<00:34:31.844>tokenized <00:34:32.826>run?

579
00:34:33.475 --> 00:34:36.855
<00:34:33.475>Um, <00:34:33.650>will <00:34:33.824>the, <00:34:34.000>will <00:34:34.174>the <00:34:34.350>hand <00:34:34.525>cash <00:34:34.699>connect, <00:34:34.875>uh,

580
00:34:37.215 --> 00:34:39.055
<00:34:37.215>protocol <00:34:37.565>have <00:34:37.915>integrations <00:34:38.265>with <00:34:38.615>those

581
00:34:40.115 --> 00:34:41.855
<00:34:40.114>or <00:34:40.314>be <00:34:40.514>able <00:34:40.714>to <00:34:40.915>recognize <00:34:41.114>them <00:34:41.314>at <00:34:41.514>least?

582
00:34:42.725 --> 00:34:45.335
<00:34:42.725>Yeah, <00:34:42.900>they <00:34:43.074>are, <00:34:43.250>they're <00:34:43.424>part <00:34:43.600>of <00:34:43.775>the <00:34:43.949>roadmap. <00:34:44.125>Mm-hmm.

583
00:34:45.435 --> 00:34:47.135
<00:34:45.435>And <00:34:45.715>for <00:34:45.995>now, <00:34:46.275>we <00:34:46.554>we're <00:34:46.835>really,

584
00:34:47.135 --> 00:34:48.775
<00:34:47.135>really <00:34:47.485>focused <00:34:47.835>just <00:34:48.185>on <00:34:48.535>payment.

585
00:34:50.075 --> 00:34:52.215
<00:34:50.074>We <00:34:50.424>think <00:34:50.774>there's <00:34:51.125>huge <00:34:51.475>potential,

586
00:34:52.235 --> 00:34:54.015
<00:34:52.235>but <00:34:52.468>once <00:34:52.701>you <00:34:52.935>have <00:34:53.168>the <00:34:53.401>base <00:34:53.635>technology,

587
00:34:54.475 --> 00:34:58.215
<00:34:54.475>it <00:34:54.650>can <00:34:54.824>be <00:34:55.000>perfectly <00:34:55.174>extended <00:34:55.350>to, <00:34:55.525>to <00:34:55.699>token <00:34:55.875>protocols.

588
00:34:59.435 --> 00:35:04.395
<00:34:59.435>Yep. <00:34:59.668>Thomas <00:34:59.901>z <00:35:00.134>uh, <00:35:00.368>asks <00:35:00.601>a, <00:35:00.835>um,

589
00:35:04.515 --> 00:35:05.555
<00:35:04.515>a <00:35:04.749>really <00:35:04.982>good <00:35:05.216>question <00:35:05.451>here.

590
00:35:05.695 --> 00:35:08.195
<00:35:05.695>Um, <00:35:05.928>will <00:35:06.161>hand <00:35:06.395>Cash <00:35:06.628>Connect <00:35:06.861>allow <00:35:07.095>encryption

591
00:35:08.195 --> 00:35:10.875
<00:35:08.195>and <00:35:08.370>decryption <00:35:08.545>of <00:35:08.720>messages <00:35:08.895>like <00:35:09.070>money <00:35:09.245>button <00:35:09.420>and <00:35:09.595>mail

592
00:35:11.135 --> 00:35:12.995
<00:35:11.135>and <00:35:11.415>Bay <00:35:11.695>Mail <00:35:11.975>are <00:35:12.255>currently <00:35:12.535>doing?

593
00:35:14.545 --> 00:35:18.795
<00:35:14.545>Yeah, <00:35:14.720>we <00:35:14.895>had <00:35:15.070>a <00:35:15.245>few <00:35:15.420>discussions <00:35:15.595>about <00:35:15.770>this <00:35:15.945>feature

594
00:35:19.615 --> 00:35:21.955
<00:35:19.615>during <00:35:19.895>the <00:35:20.174>last <00:35:20.455>month <00:35:20.734>for <00:35:21.015>now.

595
00:35:22.535 --> 00:35:26.115
<00:35:22.535>Um, <00:35:22.734>it's <00:35:22.935>something <00:35:23.134>we <00:35:23.335>don't <00:35:23.535>think <00:35:23.734>is <00:35:23.935>necessary

596
00:35:26.135 --> 00:35:27.755
<00:35:26.135>for <00:35:26.368>the <00:35:26.601>ecosystem <00:35:26.835>we <00:35:27.068>want <00:35:27.301>to <00:35:27.535>build,

597
00:35:28.375 --> 00:35:30.395
<00:35:28.375>but <00:35:28.575>of <00:35:28.775>course <00:35:28.975>it's <00:35:29.175>not, <00:35:29.375>it's <00:35:29.575>not <00:35:29.775>discarded.

598
00:35:33.015 --> 00:35:36.225
<00:35:33.015>Sure. <00:35:33.365>Again, <00:35:33.714>focus, <00:35:34.065>focus, <00:35:34.415>focus,

599
00:35:36.905 --> 00:35:37.905
<00:35:36.905>Focus. <00:35:37.805>Yeah.

601
00:35:38.505 --> 00:35:41.295
<00:35:38.505>Focus. <00:35:38.738>Okay. <00:35:38.971>Um, <00:35:39.205>we've <00:35:39.438>probably <00:35:39.671>got <00:35:39.905>time

602
00:35:41.435 --> 00:35:42.455
<00:35:41.435>for <00:35:41.741>one <00:35:42.047>more <00:35:42.353>question.

603
00:35:43.955 --> 00:35:46.535
<00:35:43.955>Uh, <00:35:44.071>no, <00:35:44.188>I'm <00:35:44.305>told <00:35:44.421>we've <00:35:44.538>got <00:35:44.654>a, <00:35:44.771>a <00:35:44.888>bit <00:35:45.005>more <00:35:45.121>time <00:35:45.238>than <00:35:45.355>that.

604
00:35:46.715 --> 00:35:51.135
<00:35:46.715>So, <00:35:46.831>uh, <00:35:46.948>monk <00:35:47.065>is <00:35:47.181>asking, <00:35:47.298>uh, <00:35:47.415>do <00:35:47.531>you, <00:35:47.648>do <00:35:47.765>you <00:35:47.881>see <00:35:47.998>being <00:35:48.115>able

605
00:35:51.135 --> 00:35:54.295
<00:35:51.135>to <00:35:51.290>sell <00:35:51.446>your <00:35:51.601>personal <00:35:51.757>data, <00:35:51.912>like <00:35:52.068>your <00:35:52.223>health <00:35:52.379>data, <00:35:52.535>um,

606
00:35:54.635 --> 00:35:56.335
<00:35:54.635>as <00:35:54.985>expandable <00:35:55.335>to <00:35:55.685>the <00:35:56.035>point

607
00:35:56.425 --> 00:35:59.535
<00:35:56.425>where <00:35:56.625>it <00:35:56.825>could <00:35:57.025>become <00:35:57.225>an <00:35:57.425>alternative <00:35:57.625>to <00:35:57.825>UBI?

608
00:35:59.875 --> 00:36:02.335
<00:35:59.875>Um, <00:36:00.108>I'm <00:36:00.341>not <00:36:00.575>actually <00:36:00.808>sure <00:36:01.041>what <00:36:01.275>UBI

609
00:36:02.335 --> 00:36:04.575
<00:36:02.335>Is, <00:36:02.685>like <00:36:03.035>universal <00:36:03.385>binna <00:36:03.735>interface

610
00:36:05.075 --> 00:36:06.175
<00:36:05.075>Or <00:36:05.404>Oh, <00:36:05.735>right, <00:36:06.065>yes.

611
00:36:06.285 --> 00:36:11.215
<00:36:06.285>Okay. <00:36:06.984>The <00:36:07.685>role

612
00:36:11.215 --> 00:36:13.815
<00:36:11.215>for <00:36:11.390>hand <00:36:11.565>cash <00:36:11.740>connect <00:36:11.915>in, <00:36:12.090>in, <00:36:12.265>in <00:36:12.440>storing <00:36:12.615>or,

613
00:36:14.075 --> 00:36:17.015
<00:36:14.075>or <00:36:14.274>managing <00:36:14.475>access <00:36:14.674>to, <00:36:14.875>um, <00:36:15.075>to <00:36:15.274>personal <00:36:15.475>data.

614
00:36:17.195 --> 00:36:20.295
<00:36:17.195>Uh, <00:36:17.395>'cause <00:36:17.595>it's <00:36:17.795>something <00:36:17.995>that <00:36:18.195>wallets, <00:36:18.395>uh, <00:36:18.595>seems

615
00:36:20.295 --> 00:36:21.975
<00:36:20.295>to <00:36:20.528>be <00:36:20.761>a <00:36:20.995>natural <00:36:21.228>fit <00:36:21.461>for <00:36:21.695>wallets

616
00:36:21.975 --> 00:36:24.455
<00:36:21.975>because, <00:36:22.174>uh, <00:36:22.375>one <00:36:22.575>of <00:36:22.775>their <00:36:22.975>core <00:36:23.174>functions <00:36:23.375>is,

617
00:36:24.595 --> 00:36:28.895
<00:36:24.595>is <00:36:24.750>key <00:36:24.906>management, <00:36:25.061>which <00:36:25.217>is, <00:36:25.372>um, <00:36:25.528>integral <00:36:25.683>to, <00:36:25.839>uh, <00:36:25.995>to,

618
00:36:28.915 --> 00:36:31.375
<00:36:28.915>to <00:36:29.195>personal <00:36:29.475>data <00:36:29.755>storage, <00:36:30.035>uh, <00:36:30.315>in,

619
00:36:31.375 --> 00:36:32.895
<00:36:31.375>certainly <00:36:31.717>in <00:36:32.059>the <00:36:32.401>Metnet <00:36:32.743>model.

620
00:36:34.845 --> 00:36:37.615
<00:36:34.845>Yeah. <00:36:35.044>So <00:36:35.245>let's <00:36:35.444>say, <00:36:35.645>um, <00:36:35.845>if <00:36:36.044>you <00:36:36.245>want

621
00:36:37.615 --> 00:36:40.495
<00:36:37.615>to <00:36:37.770>build <00:36:37.926>something <00:36:38.081>like <00:36:38.237>this <00:36:38.392>platform <00:36:38.548>to <00:36:38.703>sell <00:36:38.859>your <00:36:39.015>health

622
00:36:41.565 --> 00:36:45.895
<00:36:41.565>data, <00:36:41.740>we <00:36:41.915>are <00:36:42.090>not, <00:36:42.265>I <00:36:42.440>mean, <00:36:42.615>we <00:36:42.790>are <00:36:42.965>not

623
00:36:47.175 --> 00:36:51.455
<00:36:47.175>managing <00:36:47.330>this <00:36:47.486>data <00:36:47.641>and <00:36:47.797>it's <00:36:47.952>something <00:36:48.108>up <00:36:48.263>to <00:36:48.419>this <00:36:48.575>business.

624
00:36:52.005 --> 00:36:55.145
<00:36:52.005>Mm-hmm. <00:36:52.205>Again, <00:36:52.405>we <00:36:52.605>focus <00:36:52.805>on <00:36:53.005>offering <00:36:53.205>the <00:36:53.405>technology

625
00:36:55.325 --> 00:36:56.585
<00:36:55.325>to <00:36:55.703>perform <00:36:56.081>the <00:36:56.459>payments,

626
00:36:57.085 --> 00:36:59.625
<00:36:57.085>but <00:36:57.260>we <00:36:57.435>don't <00:36:57.610>see <00:36:57.785>this <00:36:57.960>data <00:36:58.135>at <00:36:58.310>any <00:36:58.485>point.

627
00:37:01.125 --> 00:37:05.665
<00:37:01.125>So <00:37:01.300>we <00:37:01.475>can <00:37:01.650>control, <00:37:01.825>we <00:37:02.000>can <00:37:02.175>have <00:37:02.350>access <00:37:02.525>maybe

628
00:37:05.665 --> 00:37:09.265
<00:37:05.665>to <00:37:05.865>the <00:37:06.065>very <00:37:06.265>personal <00:37:06.465>information <00:37:06.665>of <00:37:06.865>the <00:37:07.065>user,

629
00:37:10.595 --> 00:37:15.325
<00:37:10.595>but <00:37:10.944>not <00:37:11.294>this <00:37:11.645>specific <00:37:11.995>data.

630
00:37:15.425 --> 00:37:17.605
<00:37:15.425>So <00:37:15.552>it's <00:37:15.679>not <00:37:15.806>up <00:37:15.934>to <00:37:16.061>us <00:37:16.188>what <00:37:16.315>to <00:37:16.443>do <00:37:16.570>with <00:37:16.697>that <00:37:16.825>data

631
00:37:17.605 --> 00:37:19.565
<00:37:17.605>because <00:37:17.838>we <00:37:18.071>don't <00:37:18.305>have <00:37:18.538>access <00:37:18.771>to <00:37:19.005>it.

632
00:37:20.705 --> 00:37:21.845
<00:37:20.705>I'm <00:37:20.875>not <00:37:21.047>sure <00:37:21.218>if <00:37:21.388>that <00:37:21.560>makes <00:37:21.731>sense.

633
00:37:23.645 --> 00:37:27.205
<00:37:23.645>I <00:37:23.820>think <00:37:23.995>so. <00:37:24.170>Um, <00:37:24.345>so <00:37:24.520>we've <00:37:24.695>got <00:37:24.870>a <00:37:25.045>question.

634
00:37:27.205 --> 00:37:28.685
<00:37:27.205>It's <00:37:27.471>not <00:37:27.737>a <00:37:28.004>very <00:37:28.270>technology <00:37:28.537>question,

635
00:37:28.865 --> 00:37:31.045
<00:37:28.865>but, <00:37:29.064>um, <00:37:29.265>we'd <00:37:29.464>like <00:37:29.665>to <00:37:29.865>hear <00:37:30.064>your <00:37:30.265>opinion.

636
00:37:31.785 --> 00:37:34.525
<00:37:31.785>Do <00:37:31.940>you <00:37:32.096>think <00:37:32.251>that <00:37:32.407>a <00:37:32.562>language <00:37:32.718>translator <00:37:32.873>could <00:37:33.029>be <00:37:33.185>something

637
00:37:34.525 --> 00:37:38.245
<00:37:34.525>that <00:37:34.680>someone <00:37:34.836>who <00:37:34.991>is <00:37:35.147>actually <00:37:35.302>learning <00:37:35.458>a <00:37:35.613>language, <00:37:35.769>uh, <00:37:35.925>could,

638
00:37:38.295 --> 00:37:41.965
<00:37:38.295>could <00:37:38.450>use, <00:37:38.606>um, <00:37:38.761>could <00:37:38.917>they <00:37:39.072>earn <00:37:39.228>money <00:37:39.383>for, <00:37:39.539>you <00:37:39.695>know,

639
00:37:42.225 --> 00:37:44.085
<00:37:42.225>in <00:37:42.424>the <00:37:42.625>process <00:37:42.825>of <00:37:43.025>learning <00:37:43.225>a <00:37:43.424>new <00:37:43.625>language?

640
00:37:44.465 --> 00:37:46.765
<00:37:44.465>Um, <00:37:44.745>there <00:37:45.025>was <00:37:45.305>another <00:37:45.585>question <00:37:45.865>actually,

641
00:37:46.765 --> 00:37:49.285
<00:37:46.765>which <00:37:46.998>is <00:37:47.231>quite <00:37:47.464>similar, <00:37:47.698>which <00:37:47.931>was, <00:37:48.165>um,

642
00:37:49.855 --> 00:37:53.765
<00:37:49.855>could <00:37:49.995>you <00:37:50.135>envisage <00:37:50.275>a <00:37:50.415>place <00:37:50.555>for <00:37:50.695>a <00:37:50.835>voting <00:37:50.975>system, <00:37:51.115>um, <00:37:51.255>where

643
00:37:54.345 --> 00:37:57.485
<00:37:54.345>you <00:37:54.520>could <00:37:54.694>actually <00:37:54.870>get <00:37:55.044>many <00:37:55.220>very <00:37:55.395>cheap <00:37:55.569>translations <00:37:55.745>and,

644
00:37:57.545 --> 00:38:00.325
<00:37:57.545>and <00:37:57.720>allow <00:37:57.895>the <00:37:58.070>users <00:37:58.245>to <00:37:58.420>actually <00:37:58.595>vote <00:37:58.770>for, <00:37:58.945>um,

645
00:38:00.545 --> 00:38:02.045
<00:38:00.545>the <00:38:00.815>translation <00:38:01.085>that <00:38:01.355>was <00:38:01.625>best <00:38:01.895>so

646
00:38:02.045 --> 00:38:04.405
<00:38:02.045>that <00:38:02.278>you <00:38:02.511>can <00:38:02.745>crowdsource <00:38:02.978>the <00:38:03.211>quality <00:38:03.445>control?

647
00:38:05.715 --> 00:38:08.605
<00:38:05.715>Yeah. <00:38:05.948>Maybe <00:38:06.181>we, <00:38:06.415>we <00:38:06.648>can <00:38:06.881>combine, <00:38:07.115>um,

648
00:38:10.195 --> 00:38:14.135
<00:38:10.195>the <00:38:10.395>monetization <00:38:10.595>of <00:38:10.795>these <00:38:10.995>translations <00:38:11.195>with <00:38:11.395>some <00:38:11.595>sort

649
00:38:14.135 --> 00:38:17.295
<00:38:14.135>of <00:38:14.310>reputation <00:38:14.485>system, <00:38:14.660>so <00:38:14.835>it's <00:38:15.010>not <00:38:15.185>just <00:38:15.360>enough <00:38:15.535>to

650
00:38:18.205 --> 00:38:22.135
<00:38:18.205>send <00:38:18.360>anything <00:38:18.516>at <00:38:18.671>the, <00:38:18.827>in <00:38:18.982>the <00:38:19.138>long <00:38:19.293>run, <00:38:19.449>the <00:38:19.605>quality

651
00:38:22.195 --> 00:38:26.015
<00:38:22.195>of <00:38:22.370>your <00:38:22.545>job <00:38:22.720>is <00:38:22.895>gonna <00:38:23.070>give <00:38:23.245>you <00:38:23.420>a <00:38:23.595>reputation,

652
00:38:26.475 --> 00:38:27.855
<00:38:26.475>so <00:38:26.723>maybe <00:38:26.971>we <00:38:27.220>can <00:38:27.468>combine <00:38:27.717>them.

653
00:38:28.365 --> 00:38:32.855
<00:38:28.365>It's <00:38:28.504>your <00:38:28.645>learning, <00:38:28.785>but <00:38:28.924>you <00:38:29.064>are <00:38:29.205>making <00:38:29.345>a <00:38:29.484>really <00:38:29.625>big <00:38:29.765>effort

654
00:38:33.035 --> 00:38:35.925
<00:38:33.035>and <00:38:33.501>producing <00:38:33.968>quality <00:38:34.435>translations.

655
00:38:36.395 --> 00:38:37.395
<00:38:36.395>Yeah. <00:38:36.845>Why <00:38:37.295>not?

656
00:38:38.785 --> 00:38:43.205
<00:38:38.785>It <00:38:38.940>actually <00:38:39.096>sounds <00:38:39.251>conceptually <00:38:39.407>similar <00:38:39.562>to, <00:38:39.718>um, <00:38:39.873>to <00:38:40.029>bit <00:38:40.185>q

657
00:38:43.205 --> 00:38:46.885
<00:38:43.205>and <00:38:43.332>a <00:38:43.459>and, <00:38:43.586>um, <00:38:43.714>and <00:38:43.841>true <00:38:43.968>reviews, <00:38:44.095>um, <00:38:44.223>in <00:38:44.350>that, <00:38:44.477>I <00:38:44.605>mean,

658
00:38:46.885 --> 00:38:49.565
<00:38:46.885>it's <00:38:47.085>essentially, <00:38:47.285>it's <00:38:47.485>content <00:38:47.685>production <00:38:47.885>with <00:38:48.085>a, <00:38:48.285>um,

659
00:38:49.675 --> 00:38:51.565
<00:38:49.675>with <00:38:50.025>a <00:38:50.375>reputation <00:38:50.725>management <00:38:51.075>system.

660
00:38:51.945 --> 00:38:55.565
<00:38:51.945>Uh, <00:38:52.085>yeah. <00:38:52.225>And <00:38:52.365>both <00:38:52.505>of <00:38:52.645>those, <00:38:52.785>uh, <00:38:52.925>those <00:38:53.065>projects <00:38:53.205>are, <00:38:53.345>are,

661
00:38:55.625 --> 00:38:58.525
<00:38:55.625>are <00:38:55.780>looking <00:38:55.936>at <00:38:56.091>leveraging <00:38:56.247>the, <00:38:56.402>you <00:38:56.558>know, <00:38:56.713>the, <00:38:56.869>the <00:38:57.025>blockchain

662
00:38:58.545 --> 00:39:00.285
<00:38:58.545>to <00:38:58.745>be, <00:38:58.945>to <00:38:59.145>be <00:38:59.345>part <00:38:59.545>of <00:38:59.745>that <00:38:59.945>and,

663
00:39:00.305 --> 00:39:02.845
<00:39:00.305>and <00:39:00.585>potentially <00:39:00.865>expanding <00:39:01.145>into <00:39:01.424>leveraging, <00:39:01.705>uh,

664
00:39:02.945 --> 00:39:04.445
<00:39:02.945>on <00:39:03.282>chain <00:39:03.620>identity <00:39:03.957>as <00:39:04.295>well.

665
00:39:05.115 --> 00:39:07.845
<00:39:05.115>Yeah. <00:39:05.348>Imagine <00:39:05.581>something <00:39:05.814>like <00:39:06.048>also <00:39:06.281>Stack <00:39:06.515>Overflow,

666
00:39:08.925 --> 00:39:11.485
<00:39:08.925>I <00:39:09.125>guess <00:39:09.325>you <00:39:09.525>all <00:39:09.725>know <00:39:09.925>about <00:39:10.125>Stack <00:39:10.325>Overflow,

667
00:39:12.145 --> 00:39:14.405
<00:39:12.145>so <00:39:12.378>you <00:39:12.611>can <00:39:12.845>get <00:39:13.078>instead <00:39:13.311>of <00:39:13.545>just

668
00:39:16.255 --> 00:39:18.645
<00:39:16.255>reputation <00:39:16.488>points <00:39:16.721>that <00:39:16.955>they <00:39:17.188>are <00:39:17.421>not <00:39:17.655>bad,

669
00:39:19.625 --> 00:39:21.485
<00:39:19.625>but <00:39:19.825>a, <00:39:20.025>you <00:39:20.225>could <00:39:20.425>get <00:39:20.625>a <00:39:20.825>few <00:39:21.025>cents

670
00:39:21.585 --> 00:39:23.925
<00:39:21.585>for <00:39:22.051>helping <00:39:22.518>other <00:39:22.985>developers.

671
00:39:24.485 --> 00:39:26.645
<00:39:24.485>I <00:39:24.685>mean, <00:39:24.885>it's <00:39:25.085>not <00:39:25.285>enough <00:39:25.485>to <00:39:25.685>get <00:39:25.885>hundred,

672
00:39:28.125 --> 00:39:30.625
<00:39:28.125>but <00:39:28.325>every <00:39:28.525>time <00:39:28.725>you <00:39:28.925>help <00:39:29.125>someone <00:39:29.325>they <00:39:29.525>could

673
00:39:30.725 --> 00:39:33.745
<00:39:30.725>or <00:39:31.075>maybe <00:39:31.424>appreciate <00:39:31.775>your <00:39:32.125>effort

674
00:39:34.445 --> 00:39:37.025
<00:39:34.445>or <00:39:34.585>you <00:39:34.725>are <00:39:34.865>the <00:39:35.005>guy <00:39:35.145>making <00:39:35.285>the <00:39:35.425>questions, <00:39:35.565>you <00:39:35.705>could <00:39:35.845>just,

675
00:39:37.825 --> 00:39:39.085
<00:39:37.825>uh, <00:39:38.051>set <00:39:38.278>a <00:39:38.505>war <00:39:38.732>for <00:39:38.959>them.

676
00:39:40.085 --> 00:39:43.635
<00:39:40.085>Hmm. <00:39:40.285>So <00:39:40.485>we've <00:39:40.685>got <00:39:40.885>one <00:39:41.085>last <00:39:41.285>question <00:39:41.485>here,

677
00:39:43.645 --> 00:39:45.235
<00:39:43.645>which <00:39:44.111>is, <00:39:44.578>uh, <00:39:45.045>mm-hmm.

678
00:39:45.375 --> 00:39:49.435
<00:39:45.375>Um, <00:39:45.550>again, <00:39:45.725>not, <00:39:45.900>not, <00:39:46.075>not <00:39:46.250>a, <00:39:46.425>a <00:39:46.600>technical <00:39:46.775>one,

679
00:39:49.495 --> 00:39:51.355
<00:39:49.495>but, <00:39:49.845>um, <00:39:50.194>I <00:39:50.545>think <00:39:50.895>that,

680
00:39:51.575 --> 00:39:53.075
<00:39:51.575>I'm <00:39:51.767>sure <00:39:51.960>you <00:39:52.153>must <00:39:52.346>have <00:39:52.539>thought <00:39:52.732>about <00:39:52.924>this.

681
00:39:53.775 --> 00:39:56.955
<00:39:53.775>If <00:39:53.930>we <00:39:54.086>start <00:39:54.241>running <00:39:54.397>large <00:39:54.552>escrow <00:39:54.708>deals <00:39:54.863>using <00:39:55.019>hand <00:39:55.175>cash,

682
00:39:57.655 --> 00:39:59.635
<00:39:57.655>how <00:39:57.855>do <00:39:58.055>we <00:39:58.255>know <00:39:58.455>we <00:39:58.655>as <00:39:58.855>users <00:39:59.055>know

683
00:39:59.635 --> 00:40:01.515
<00:39:59.635>that <00:39:59.810>we <00:39:59.985>can <00:40:00.160>trust <00:40:00.335>a <00:40:00.510>wallet <00:40:00.685>like <00:40:00.860>hand <00:40:01.035>cash?

684
00:40:01.535 --> 00:40:04.555
<00:40:01.535>And <00:40:01.674>I <00:40:01.815>think <00:40:01.955>that <00:40:02.095>this <00:40:02.234>question <00:40:02.375>could <00:40:02.515>equally <00:40:02.654>apply <00:40:02.795>to, <00:40:02.935>um,

685
00:40:04.775 --> 00:40:08.555
<00:40:04.775>to, <00:40:04.950>to <00:40:05.125>any <00:40:05.300>service <00:40:05.475>that <00:40:05.650>provided <00:40:05.825>escrows, <00:40:06.000>et <00:40:06.175>cetera.

686
00:40:10.185 --> 00:40:14.635
<00:40:10.185>Yeah. <00:40:10.325>So, <00:40:10.465>um, <00:40:10.605>I'm <00:40:10.745>not <00:40:10.884>sure <00:40:11.025>what, <00:40:11.165>um, <00:40:11.305>the <00:40:11.445>question <00:40:11.585>means

687
00:40:14.665 --> 00:40:18.315
<00:40:14.665>with <00:40:14.898>large <00:40:15.131>escrow <00:40:15.365>deals. <00:40:15.598>Not <00:40:15.831>sure <00:40:16.065>if,

688
00:40:19.145 --> 00:40:20.755
<00:40:19.145>Well, <00:40:19.300>I <00:40:19.456>think, <00:40:19.611>I <00:40:19.767>think <00:40:19.922>they <00:40:20.078>mean <00:40:20.233>if, <00:40:20.389>you <00:40:20.545>know,

689
00:40:20.755 --> 00:40:22.995
<00:40:20.755>if <00:40:21.035>we're <00:40:21.315>escrowing, <00:40:21.595>um, <00:40:21.875>a <00:40:22.155>thousand

690
00:40:23.015 --> 00:40:26.475
<00:40:23.015>or <00:40:23.170>$10,000, <00:40:23.326>um, <00:40:23.481>how <00:40:23.637>do <00:40:23.792>we <00:40:23.948>know <00:40:24.103>that <00:40:24.259>that, <00:40:24.415>yeah.

691
00:40:26.975 --> 00:40:30.195
<00:40:26.975>Uh, <00:40:27.130>because <00:40:27.286>hand <00:40:27.441>cash <00:40:27.597>participates <00:40:27.752>in <00:40:27.908>this <00:40:28.063>somehow <00:40:28.219>as, <00:40:28.375>uh,

692
00:40:30.335 --> 00:40:32.075
<00:40:30.335>as <00:40:30.568>the <00:40:30.801>provider <00:40:31.035>of <00:40:31.268>the <00:40:31.501>escrow <00:40:31.735>service,

693
00:40:32.895 --> 00:40:34.555
<00:40:32.895>do <00:40:33.095>they <00:40:33.295>even <00:40:33.495>need <00:40:33.695>to <00:40:33.895>trust <00:40:34.095>hand <00:40:34.295>cash?

694
00:40:34.775 --> 00:40:37.275
<00:40:34.775>Uh, <00:40:34.902>uh, <00:40:35.029>and <00:40:35.156>if <00:40:35.284>so, <00:40:35.411>how, <00:40:35.538>how <00:40:35.665>do <00:40:35.793>they <00:40:35.920>know <00:40:36.047>they <00:40:36.175>can?

695
00:40:37.905 --> 00:40:39.115
<00:40:37.905>Yeah, <00:40:38.268>so <00:40:38.631>two <00:40:38.993>comments.

696
00:40:39.455 --> 00:40:42.835
<00:40:39.455>One <00:40:39.610>is <00:40:39.766>this <00:40:39.921>is <00:40:40.077>focused <00:40:40.232>on <00:40:40.388>micropayments, <00:40:40.543>so <00:40:40.699>you <00:40:40.855>want

697
00:40:43.455 --> 00:40:44.475
<00:40:43.455>big <00:40:44.373>escrows.

698
00:40:45.335 --> 00:40:48.195
<00:40:45.335>I'm <00:40:45.490>not <00:40:45.646>sure <00:40:45.801>that's <00:40:45.957>the <00:40:46.112>problem <00:40:46.268>that <00:40:46.423>fits <00:40:46.579>in. <00:40:46.735>Mm-hmm.

699
00:40:48.275 --> 00:40:51.615
<00:40:48.275>And <00:40:48.430>the <00:40:48.586>second <00:40:48.741>is, <00:40:48.897>it's <00:40:49.052>our <00:40:49.208>reputation <00:40:49.363>as <00:40:49.519>a <00:40:49.675>company.

700
00:40:52.415 --> 00:40:57.405
<00:40:52.415>I <00:40:52.542>mean, <00:40:52.669>if <00:40:52.796>we <00:40:52.924>have <00:40:53.051>clients <00:40:53.178>that <00:40:53.305>we <00:40:53.433>are <00:40:53.560>not <00:40:53.687>serving <00:40:53.815>properly

701
00:40:57.665 --> 00:40:58.965
<00:40:57.665>and <00:40:57.957>we <00:40:58.250>are <00:40:58.542>scamming <00:40:58.835>them

702
00:40:59.025 --> 00:41:01.965
<00:40:59.025>or <00:40:59.225>something <00:40:59.425>like <00:40:59.625>that, <00:40:59.825>no <00:41:00.025>one's <00:41:00.225>gonna <00:41:00.425>be

703
00:41:01.965 --> 00:41:03.085
<00:41:01.965>using <00:41:02.469>hangers <00:41:02.973>connect.

704
00:41:03.345 --> 00:41:05.845
<00:41:03.345>So <00:41:03.484>that's <00:41:03.625>the <00:41:03.765>incentive <00:41:03.904>we <00:41:04.044>have <00:41:04.185>to <00:41:04.325>provide <00:41:04.464>the <00:41:04.605>best <00:41:04.745>service.

705
00:41:08.175 --> 00:41:10.755
<00:41:08.175>Uh, <00:41:08.315>I <00:41:08.455>think <00:41:08.595>this <00:41:08.735>is <00:41:08.875>true, <00:41:09.015>uh, <00:41:09.155>very <00:41:09.295>much <00:41:09.435>true, <00:41:09.575>uh,

706
00:41:11.355 --> 00:41:13.155
<00:41:11.355>regardless <00:41:11.555>of <00:41:11.755>whether <00:41:11.955>you're <00:41:12.155>talking <00:41:12.355>about <00:41:12.555>the <00:41:12.755>blockchain

707
00:41:13.155 --> 00:41:14.275
<00:41:13.155>world <00:41:13.491>or <00:41:13.827>the, <00:41:14.163>uh,

708
00:41:14.295 --> 00:41:17.795
<00:41:14.295>or <00:41:14.470>the <00:41:14.645>traditional <00:41:14.820>finance <00:41:14.995>world, <00:41:15.170>um, <00:41:15.345>there <00:41:15.520>are <00:41:15.695>plenty

709
00:41:17.795 --> 00:41:20.395
<00:41:17.795>of <00:41:17.935>companies <00:41:18.075>that <00:41:18.215>we <00:41:18.355>happily <00:41:18.495>hand <00:41:18.635>over <00:41:18.775>large <00:41:18.915>sums <00:41:19.055>of <00:41:19.195>money

710
00:41:20.455 --> 00:41:23.355
<00:41:20.455>to, <00:41:20.630>to, <00:41:20.805>to <00:41:20.980>look <00:41:21.154>after <00:41:21.330>on, <00:41:21.505>on <00:41:21.680>our <00:41:21.855>behalf.

711
00:41:23.815 --> 00:41:26.875
<00:41:23.815>And <00:41:23.970>the <00:41:24.126>reasons <00:41:24.281>why <00:41:24.437>we <00:41:24.592>trust <00:41:24.748>those <00:41:24.903>companies <00:41:25.059>are <00:41:25.215>not

712
00:41:27.155 --> 00:41:29.595
<00:41:27.155>actually, <00:41:27.330>um, <00:41:27.505>uh, <00:41:27.680>anything <00:41:27.855>to <00:41:28.030>do <00:41:28.205>with <00:41:28.380>the <00:41:28.555>blockchain.

713
00:41:29.775 --> 00:41:32.115
<00:41:29.775>Uh, <00:41:29.915>they're <00:41:30.055>to <00:41:30.195>do <00:41:30.335>with <00:41:30.475>the <00:41:30.615>fact <00:41:30.755>that <00:41:30.895>the <00:41:31.035>company's <00:41:31.175>been

714
00:41:32.115 --> 00:41:34.805
<00:41:32.115>around <00:41:32.464>for, <00:41:32.814>uh, <00:41:33.165>years, <00:41:33.515>decades.

715
00:41:35.345 --> 00:41:38.485
<00:41:35.345>Um, <00:41:35.578>they <00:41:35.811>have <00:41:36.044>built <00:41:36.278>up <00:41:36.511>reputation <00:41:36.745>over,

716
00:41:38.715 --> 00:41:40.365
<00:41:38.715>over <00:41:38.948>a <00:41:39.181>very <00:41:39.415>long <00:41:39.648>period <00:41:39.881>of <00:41:40.115>time,

717
00:41:40.625 --> 00:41:43.965
<00:41:40.625>and <00:41:40.765>they've <00:41:40.905>got <00:41:41.045>an <00:41:41.185>awful <00:41:41.325>lot <00:41:41.465>to <00:41:41.605>lose <00:41:41.745>by, <00:41:41.885>um, <00:41:42.025>uh,

718
00:41:44.065 --> 00:41:47.445
<00:41:44.065>by <00:41:44.298>misbehaving, <00:41:44.531>uh, <00:41:44.765>not <00:41:44.998>just <00:41:45.231>with <00:41:45.465>reputation,

719
00:41:47.445 --> 00:41:48.885
<00:41:47.445>but <00:41:47.661>of <00:41:47.877>course, <00:41:48.093>uh, <00:41:48.309>you <00:41:48.525>know, <00:41:48.741>there's,

720
00:41:48.885 --> 00:41:51.765
<00:41:48.885>there's <00:41:49.118>legal <00:41:49.351>consequences <00:41:49.585>to, <00:41:49.818>um, <00:41:50.051>to, <00:41:50.285>to,

721
00:41:51.825 --> 00:41:53.685
<00:41:51.825>to <00:41:52.174>behaving <00:41:52.524>fraudulently, <00:41:52.875>et <00:41:53.225>cetera.

722
00:41:53.705 --> 00:41:55.325
<00:41:53.705>So, <00:41:54.055>so <00:41:54.404>exactly. <00:41:54.755>Uh, <00:41:55.105>just

723
00:41:55.325 --> 00:41:57.325
<00:41:55.325>because <00:41:55.605>you <00:41:55.884>have, <00:41:56.165>uh, <00:41:56.444>blockchain <00:41:56.725>attached

724
00:41:57.325 --> 00:41:58.445
<00:41:57.325>to <00:41:57.577>a <00:41:57.829>business <00:41:58.081>doesn't <00:41:58.333>mean

725
00:41:58.445 --> 00:42:00.645
<00:41:58.445>that <00:41:58.678>this <00:41:58.911>trust <00:41:59.145>issue <00:41:59.378>suddenly <00:41:59.611>becomes, <00:41:59.845>uh,

726
00:42:00.785 --> 00:42:02.965
<00:42:00.785>any <00:42:00.940>more <00:42:01.096>important <00:42:01.251>than <00:42:01.407>it <00:42:01.562>is <00:42:01.718>in <00:42:01.873>the <00:42:02.029>real <00:42:02.185>world.

727
00:42:03.225 --> 00:42:05.925
<00:42:03.225>But, <00:42:03.505>uh, <00:42:03.785>uh, <00:42:04.065>blockchain, <00:42:04.345>I <00:42:04.625>think,

728
00:42:05.985 --> 00:42:10.845
<00:42:05.985>or <00:42:06.160>Bitcoin <00:42:06.335>enhances, <00:42:06.510>um, <00:42:06.685>the <00:42:06.860>solutions <00:42:07.035>to <00:42:07.210>these <00:42:07.385>problems,

729
00:42:11.145 --> 00:42:12.165
<00:42:11.145>uh, <00:42:11.374>because <00:42:11.604>of <00:42:11.833>the <00:42:12.063>fact

730
00:42:12.165 --> 00:42:14.365
<00:42:12.165>that <00:42:12.365>you <00:42:12.565>do <00:42:12.765>have <00:42:12.965>immutable <00:42:13.165>records <00:42:13.365>of <00:42:13.565>everything.

731
00:42:14.625 --> 00:42:19.245
<00:42:14.625>Uh, <00:42:14.825>it <00:42:15.025>disincentivizes <00:42:15.225>bad <00:42:15.425>behavior <00:42:15.625>even <00:42:15.825>more, <00:42:16.025>uh,

732
00:42:19.595 --> 00:42:22.965
<00:42:19.595>because <00:42:19.750>there's, <00:42:19.906>uh, <00:42:20.061>there's <00:42:20.217>a, <00:42:20.372>an <00:42:20.528>evidence <00:42:20.683>trail <00:42:20.839>that, <00:42:20.995>um,

733
00:42:22.995 --> 00:42:24.085
<00:42:22.995>that <00:42:23.322>can't <00:42:23.649>be <00:42:23.976>erased.

734
00:42:24.305 --> 00:42:27.285
<00:42:24.305>So, <00:42:24.585>um, <00:42:24.865>I <00:42:25.145>agree <00:42:25.424>with <00:42:25.705>you.

735
00:42:27.985 --> 00:42:30.925
<00:42:27.985>We <00:42:28.185>have, <00:42:28.385>uh, <00:42:28.585>about <00:42:28.785>10 <00:42:28.985>minutes <00:42:29.185>until, <00:42:29.385>uh,

736
00:42:30.985 --> 00:42:32.045
<00:42:30.985>the <00:42:31.462>next <00:42:31.939>presentation.