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Ethereum NYC with Simon de la Rouviere

NYC EthereumMon, Oct 9, 2017, 12:00 AM

https://www.meetup.com/NYC_Ethereum/events/239235545/?comment_table_id=480169446&comment_table_name=event_comment Visiting us from Cape Town, South Africa, Simon de la Rouviere will be our guest speaker for this meetup. Simon was an early pioneer in the token ecosystem on the Ethereum platform as one of the heavy lifters in the ERC20 Token standard that some have called the killer app of the Ethereum blockchain. Simon will share his unique thoughts about the economies of the future decentralized web including "meme markets" as the future battle for your attention can be tokenized and monetized.

Transcript

Michael who you take on meetups not near naked and coming ADA so I have to kick it off by starting here I think it's very funny to see cross people here the response two weeks I felt like years in the block takes place were specifically etherium and put very funny I keep hearing you like TV people and getting excited about all the new possibilities new developers joining solemnly different things and that way it's very price I'm I'm from Cape Town and South Africa and being here getting cochlear is very exciting click I don't forget to share some of the things that I've been busy with so the topic for the day that I'm going to do is something that I call curation markets the other word for the issue with me markets but I felt people misinterpreted what it supposed to eat but means is part of the idea and the subtitle is too far as of those going to and decentralized bands and I thought I'd you just took rather the end I'll give you an example with my creation marks aren't hard works but I thought it's interesting to explain how I've got too much thinking and I've been thinking about this problems for quite a while and it started around 2013 and a pony climb so by the end of it you'll see things like describing things where it said the potential for each subreddit or community having a token the ability to monetize with every open source projects weird things like decentralized bands and then right at the end things like infant new markets such as reinventing things like rare Fitbit cards not sure how many people know about that but I'll also explain later some of it some of the different concepts so about me I found the coin in 2011 this was when the job of Bitcoin library was first launched the media picked it up by saying Google is getting into the blockchain Bitcoin space but it was because my friend was a developer Google who no one seemed to think right plate which is like a developer there like many of the space at that point in time being a computer scientist I found this very fascinating and I went down a rabbit hole like many of us and spend two weeks looking at something and realizing this is not supposed to work and then you can't go to the crowed you go to white paper utilizing this is actually working at it very surprising and it was amazing amazing thing to realize that there's basically something here and that's my time I finished my master's degree in social cymatics in of 2013 and I just kept looking at Bitcoin and keeping an eye on it like many of us we all are tales of not buying enough the right time husband who is this as being a university a bunch of friends we call to my together I think one is about two two or four dollars I've been sort of my punchline together he put it on some exchange but getting money from South Africa these exchanges were very weird at 25 and we kept putting the Bible is such that if we hope it gets old and there's like us been it happen and then at that point you start creating oak like do you want money to party with or be so made the month later man make this kitchen until I finish my marketing search might expose important areas but I did research in information overload which is how people cope giving with too much information on social media sites and I supported for later because I eventually incorporated much of this research into some of these designs but during that time when Bitcoin did inside and it kept being around I decided this Tiffany something year I need to check back in so then I became a Bitcoin developer in 2013 I started building a start-up using Bitcoin and then later on I got deeper into the code I am for doing work on payment channels in Bitcoin and it was a project where you could download the file and we pay for increments of the file being downloaded but at that time it was called you know working with these code bases were very difficult and then at the end of 2013 one of the most interesting things happened that gets sent down like a cascade of thoughts that I still haven't managed you like reads like I still think about it every day is no point right no it's going was this all of this Alcorn was launched as cryptocurrencies with the whole purpose was just to be there's a funny dog and that's the currency and what was interesting about it was that it wasn't a cryptocurrency that any technical new technical things right it was just like is we didn't improve the hashing algorithm didn't improve anything else we just decided we're going to make a quarantine and it's going to be such well much fun if you know it's going to be this funny thing and it picked up and it just people started using it and surprisingly even now we go around and apparently it's almost like a billion dollar market never a minute Ryan says it in your current life in certain this is really fascinating and seeing people using it and I got the good me thinking like but how'd this real realization then does it mean that money itself or the value that we ascribe to something could simply be related to sort of a means network effect like how many people care about something so I wrote a blog post at the end of 2013 and I thought about what if you could extrapolate it to people but what if we could have currencies for every person and said with those whenever there's no clean more other conflicts besides those two means and finally very very big on the net I thought it those how important to strong networking sect and its usefulness parenting is just that right so people use this as a funny thing to connect with other people and their did things like raising money to get the bobsled team to Olympics they got a car into NASCAR it was it's one of those fun things to watch them and I think one of those interesting things that have happened and so I just often this idea everyone will have their own currency I just that idea so try to keep exploring that thing and so obviously being a programmer in hundreds but graduates out there I did the most next logical thing which is the question was can a network effects and all coin the coin represents that in group and that's why those winds exceed right that is what boxer wanted to test because I got stuck in this idea of there being personal currencies I decided when integration or just climbing point right that's the next logical thing right and so I would do this bold it but unfortunately when I launched I said in for the future I hope this idea takes both creating the system or buying another first point would be simple as working foster right and so there you will all these network effects trading against each other but I realized I don't think it makes sense there's too many things here that like open incentives like will be the miners why do they need to get the coin like this some stuff doesn't make sense so I went back there doing board thought okay what how can we do that I think that I can do work in launching off point like this and experiment those hypotheses and that's 20 times so anything available what is just launched near an optimal point so the theory now where you know the developer can keep deploy your when it's open today like there wasn't nothing available such doing you're both being fourth in the club's training really looking at it so if I go back I think about it and then winters weirdly through where I trying to figure out how to do to be safe like all points and Bitcoin before thought it was some idea so I got that and we like to complicated I need something and all types of strong Network estate like virtually defiance and so some so something off happen at that point in time which is quite interview there advance in both Africa but now photographers full full bleach occur right and they're African contraband ever big and then some of this is sketch comedy which is very interesting so hopefully to relatives from Cape Town that's where the home base is there was another group that just could be presented even Saint bad but from a different city like they said we're full of difficult from Pretoria like they're looking pertaining to be the Bandit is a funny picture where they would request and say that we are the band I thought that was interesting potential to scale muted like what if everyone could just be the paint back because the scale music like that and play shows the part of the world without the actual same band members having to be in the same spot so I thought you know it you taste like that they spoke on system and what are you trying to get it and so the cypherpunks would force not the cypherpunks which is the group of early photographers but the cypherpunks and so that this punch got started trying to explain when split that did succeed so the question would would with whatever's can hold four hundred percentage essential sign this court here attending group of this collective just might know to enjoy today's of that specific group and in fact gang with total current gang finally work together like the guard so did it work in some ways it did more than hundred songs were produced by more than 20 artists across the world people remix things from each other and hold old artists with these songs as the cypherpunks like even if you were a different person doing the work and some of the songs were mildly successful heist it says Lord set for myself was producing a lot one magician with musician to make it an accomplice and I don't think we got there but I learned a lot to its purchase some other weird things I've been involved its African youth pick me up talk about it we're on virtual time of course during the interview they kept asking me well what about the drugs and - I've learned about like sex most point and I kept saying but it's not Africa's first foreign currencies I'm about the point at all but to know is the second fun to get idiot I'm trying to commit to tell people what decentralized band or like the digital currencies in general quicker and it's so alive Ivan question the code in three years but people so let's combine and this is about also during the recent franchises personifying it again thank you realize we only need to go find my house keys because it is conference I have a bunch so you know people that I think that before the lesson here is elections are extremely resilient like you might think it died but it didn't all along so the thing about it was interesting I learned a lot the Viking incentives are very hard trying to figure on how to get this to people together this on one side you have the miners who are being paid out to this and why are they getting some of the coins couldn't you just give it to new artists that join one of the things and one thing is the Bitcoin code base sucks it's really hard and it didn't make anything easier to work with money worth it and so there is 2014 after their project I had some other stuff in a space trying to do different things one was particle Cheers which would allow it to be picked up any musician it's not some use like razors for some reasons from Jim biscuit contact me neither mojo was something else could allow any Twitter user to make their own personal tokens that was going to people on third party which is the counterparty floated on coach would see like that finder so many things that were available with but of course opposed watch is kind of available for various beaten and then my money 20 running hot I I met issued today 2014 working on these weird things because I say I cleared my money in dogecoin and my dogecoin savings were running up and so I thought what if I'm I thought you know funding my music scene in with all these different projects they need to be something better out there lucky something came around and aetherium was then just it was announced the sale was was was done they started hiring people but maybe I should just you know join the gear project itself I am a developer I just want to be spotted and says how more people do these experiments because it shouldn't take a computer science graduate a month to deploy something like this like it's hard work and you need to do it more more than more partners so I lost four jobs with the serum foundation but then consensus on me and I became employ number six in January 2015 a joint management work on tokens and so enzymes and music so working on fine music so finish the fighting part but if you know how to knock off here's a little bit of a blur when during that time I've done a lot of research I came back to the resolution is how it can create these networks of value where different means with different ideas weird things like decentralized and people maybe in cities like different things could have their own tokenized value attached to it if I did a bunch of research and kept asking that question I wrote a bunch of stuff during that time and one of the main reasons why I kept thinking about it because automation is coming like we need more different economic tools so we can work together in the current society we're going to use more and more jobs what is the world going to look like if we don't invent these new systems ways to earn their living then we are the society going to crumble or get worse so how do you allow more music networks to an Associated tokenize value without there being a centralized party involved that was made the third question for me so I wrote a bunch of stuff things like this one was about reaching novelty in online spaces that came from my Master's research where I just basically said hey like when when thousand people discussed an IRC channel Exynos you can't have a quality conversation when there's thousand people in that chat room so maybe you can do some sort of way to put to to introduce some seeds there to make sure that people can keep a conversation going other things was this is a paper I submitted to the Unconquered blockchain workshops similar ideas maybe you could introduce some fees as the conversation as more conversations happen to make sure people can keep keep a conversation going this was very interesting one I think it was very exciting headline but it worked people did rated a lot with multiple organizations creep up organizations like the results came from different angles like one which is how do we build a system so that we can build novel model conversations but also how do you make these directives like who gets to decide where this come from to the gay person or specific institution and this block was the first time I either discussive of it simply you set up the rules and if you read through the rules these persons are minted so is that the era where we can create an organization automatically and it happens just because if you have these rules there people can coordinate and onto specific rules that sounds pretty place but it gets it gets more in depth later and more details and then probably my favorite one was on when she combined into a new idea together and the best time to in their computer conversation with myself and kikis one of my favorite people in space also thinking a lot about the same kind of thing where I make sure you combine the two and that's when I called idea hashtag markets so the concept is when we want to coordinate around common goals a deity there wanting systems to be reliable and single entity and my thinking is that there's a lot of people that think about that we should solve problem eggs and the only way you can get to solving problems they do things like creating the organization in a specific jurisdiction but one of these one of these what if these people are in different countries one of these people are in this apposite world you need to submit like documentation it's hard what if you just have the intent and tomorrow this organization can exist in a global manner like that was one of the questions what I wanted to play something towards then this blog post about like whether your application is it's okay and that came down to the concert software tokens or useful to corn 84 on specific solution versus other solutions so it was basically that this came back from research when needs ammo a brilliant brilliant thinker wearing events described that collectibles like shells were first ones of money because these collectibles represented my creation towards other people in my tried so hard to collect tokens in tribes represent and in group and thus reduce the cluster coordinate another good example is ticket to an event right if you if there's an cost to get into these things then you know that the people are that are there you have will be able to have a good conversation with because they were inspired entry to get it right but it is concept is it it's evolved and then I found animation from of different disciplines holds you space which is very visual scripts which is quite interesting it's a concept where it systems respond favorably to sustaining stress and easy does everywhere things like in toxicology and litter adapters and witches even dick toxins into a system improving to new systems right the contents are are relatively known in different systems but we haven't seen this really applied to systems social systems design so I thought about the concept of going back to the thing about where these are introduced by Namek lean towards conversations is like we can invent an algorithm and ultimately Potiphar's coordination needed using spacers at optimal price and this is this is like getting two different things different things but there's a there's a bunch of blog posts and things that are all put the slides up as well but one point continuous local models which is sort of thinking about how to fill in some entities which is a poor component of curation market yeah this is the concept of new space which is you inject something in the system it stimulates but if you can see much of it there is a inhibition and they probably one of my favorite articles which was touching upon these things where I did some research about how organizations changed and we're I think we're vocalizations are going to go the topic is called Jackie Chan joins dr. Kevin and the conflict is that equal option tokens for encourage new tribes coordination around various natives and because you lower the barriers and you to do that substantially over any other form of organizational structure that existed before we're going to see some weird things like people bowling organizations around means such as like head means right because we're paper cards or one of the things that are growing as something is this hilarious thing is people think it as a joke but I think it's a it's a funds to pay attention to in the way of organization structures themselves and there's no specific institution or entity that both these organizations and then finally I came to the final iteration which I want to share more today about how it works on the big perspective which is the front of curation Markinson combine all these things are different areas include adjusting to one protocol that is I've been learning a lot about how to describe it I don't think I've done the best job so part about how this works but I keep improving so sharing this today hope you guys come back to me and for me that didn't make sense but then I read one paper and you could have done that better right and so if you think if you think that will help you see a country so the goal is set to go back to the Regional Forum port we get along each pocket' mean idea or goals associated money good I am just useful there because it helps you curate information with that token and that means we'll be able to make tokens for subreddit hashtag people's names and millions of newcomer organizations and thus creation marketers boards and we call thousand eight the great was born and I next recite since I'm giving you give the discussion about how this works from a very fundamental and then gives also eggs on a specific example you in a specific community so these are the different parts about how how it works and first one is that Mister civic token can be minted at any time mean there's no high limit to creating these tokens but it's sent to the price state by specific small contract that's the point where it says an algorithm decides what if I click right the prices of doping gets more expensive as more people fighting right this transit of the ticket to an event gets more expensive the more people you expect cut right so the prices more expensive the amount that was paid isn't going to someone specifically its gift which is kept in a camille deposit sort of collateralized that's open and at any point in time a token can be taken out or burned and do a useful answer you in this respect from the supply and you can take some money out with you from the deposit and then the token internally are used to bond to curators for subtopics within curate information sided with their proportional packing right so if I believe person a with a good curator I'm going to bond open to them and their goal is to curate information with this token our signal skin in the game and if they do a good job they want to attract more attention increasing the ticket price to get into work together the coordinated together and there's different parts you know it's important if you just take this right then some sort of like kind of a semi pyramid scheme each step where you can say divides people to come in after you because that's where you make tennis but the important thing is that this totally works because the core benefit which is tokens are signals to what you are interested in right so tokens are your sort of affiliation is like the way lights are used from space book on sender right in the sense of your affiliation what would the present you have represent who you are that's why people those when it's not a destination substance but people still bought those went because they were wanted to be involved in this community and having the socially was the signals that you had to Keaney the game your committee you were involved with that group of people so I decided to give like a more clear example of of what action would look like in practice so defiance take a look at each greater community so the if trader community is subreddits which on reddit which talks about how you trade cerium and its various opens like what's good mark strategies maybe shares the news maybe sure it's funny pics and so forth but for this example they they think the community wants to get around to curate Google technical analysis of these charts of these practices things and so it starts off either ignore certain business apply and for justice explanation sort of the algorithm to decide to fight and make is very simple very digestible but in practice is much more complicated so you sort of a saying that your services in supply because one ether preserving and he said I want to be part of this community I want to each trader token so person a buys one token if I want okay in the supply of hope and a new cost went up there's not for a new person to get in because to ether and then in this communal pool there's one so that's just a stir for some be time to say okay I think you're on coming here I'm going to be a part of this community I also buy it's open now the tutor is in supply the price went up to the next verse and the bullwhip got larger save a person sees their fingers on this is a state of the declaration market and a person hates light hang on I want another took an hour to cook so overall now the cost would be five teacher per token to get end and in the pool there there's any ether now comes the interesting part where people actually use these tools now they want to decide how we want to figure out what speed technical analysis and we want to add coconut skin the game through those signals not just sharing put it in there you need to be able to say spoken specific events person a thinks on the refrigerator I know what I'm doing I'm going to say so myself and subtopic is PA technical analysis presently does the same and overall in the subtopic there are three states tokens for three out of the supports why suspect into specific subtopics and then what they do is they now go and use that backing that they have these specific creators and they integrate information it's like a normal hot boat or a life right the same kind of action and so you would eat signal to regenerate be something like person a for it to be placed it backs the specific technical analysis that says ether is going to go to $1,000 which means everyone liked that idea it is an algorithm for an a back for how many back statistical analysis to which means it's only Sigma six percent of the people have voted that person be back 50 percent I know about therefore this person is a possibility but in this way the community tries to curate good information and good signals and if they're successful with this where people would it would sort of tracking attention to this group doing good technical analysis and that someone house want to come in because one they're going to be a part of this until they think they can do a better job so ok then you get this group before I promise concerning coffee now you can start doing things as it as well with the specific hoping it doesn't have to be technical analysis group communication isn't just sponsoring on what's best for the group we share in slideshow so maybe they share funny funny memes in this topic maybe they share a news well right so it can be stated different subtopics and through this in-house to execute in the game to produce normal information you want to participate in Ingram can come in the health oil in it and a good signals get attention more coordination Adams more want to get in and the see this beef that keeps going until there's a marginal return to the value of the coordination generator and this is going to happen at one point and so person a decides you know what I'm not getting anybody here anymore arguing so what they do is they send two tokens just to other corner they say the total of five users for those tokens despite using the pool because there's 50 percent of this they can just take this like after them which means at this point they broke even but it could be a profit or a loss now and if those slides not back to you which means that more apart here is the algorithm adjusters and the price went down again to get it right so there's sodas valued local growers and things at the community and the interest in this specific meat or topic grows a trace so that was great crash course and what that would look like a general but the concept is very generic because I think it can be applied for many many many many different things design something like this and really open a lot of different ways you only think about do we want to coordinate and curator on something where we don't think the needed special corporation we don't need the things we want to have ability to produce more novel information when is critical mass conversation so you can do things like what about monetizing open source projects you read on what pull request should be you think about what features the eyelids of a new project what about PM standards but should we adopt the standard or not right what about different subjects what about you reading finding information those we do know today what about your relativist in water for cross what about different Bitcoin some it is but people want to not agree with each other anymore what about musics copy genre discovery dubstep technolog whatever your favorite genre is what about people I want to be planning to pay attention to what conferences issue 30 I think you should check out this research I think I want you to but so I'm going to get that information 4d paid attention to that so there's a lot of different ways to do this this could be reused coming back to the decentralized band project which I'm meeting what do we do at some voice and reminisce is I think it's the economics of bitter what about your any different releases what about standards what about where different gigs are being played right what about heart takes away from patient heart you know it is the different things here and coming back to the rare debit cards the representing system is like this foundation where they verify the cost but you can do this to this system where the community verifies the cards they think what is the funniest ones are the best ones right what about virtual worlds what about coordinating a decentralized virtual world which even people can decide what needs to be a specific ordinance what about things like this virtual this Kings who gets to be the king will it be the next expansion what if you can co-create what the Canon of the virtual world is everyone can write Canon and people quote or period what's the best planet of the world during this whole process any this can be done in general but people think buses if this works it will actually add value from doing this like you're not doing it three time a lot of people call people Judas and altruistic reasons like we want to connect we want to collaborate but now they can actually learn from doing this it's protocol of different extensions there are things like the possibility of different cup curves I think that will that will matter for different kind of projects you can difference with batch options in there you can even do initial technologies the bootstrap some of these markets probably most important one is the ability to add beneficiaries so in this process where you're buying and selling business token you can have a beneficiary which is receive some portion of the piece and in that way you can actually fund the startup through the iteration market but that introduces new legal issues where you know not to consider if you're actually making a security or not and then finally it will be expended to allow not just a few of either in your by token what about other services you can use or even things like reputation as cost to get it or can even recreate Bitcoin with a model like this choosing through support so there's different extensions here and a cool thing is two weeks ago I put up the first code so it's a it's edible as consensus sports trash curation markets and so the first collision smart contracts and has just the most generic version of it which is the believe it's mostly tokens for any something the one you can copy the code deployers and main topic and then it allows you to on its creators and impotent information there's no front in yet so it's very just like developer bare-bones so I want people come and look at the code there's people that have done some bug fixes on there but this specific project is all about thirty percent of my time I'm unsolved motivates each other music music platform so I'm putting this out there because I want people to experiment with this and see if this these economics work because it's full of and question so the great thing is where we ask when we like it here and available we're going to put it out there and let easier for people to do to start experimenting with this so please go to consensus creation markets you're a developer and please go set it up and fork it and give me feedback a lot of people have come to me giving me various feedback from the protocol level design to like ideas diet for this so it's very exciting and I think it's a very interesting progression you know coming back from the day in 2013 with those when first arrived and so there's something here to get in the air a few years later I think we're on the right path and I hope to see a future where we can both these new networks of value I think it will allow a lot of people to have new process agency and be empowered in new ways and that's curation markets with an exhibition thank you you know what up any questions the way he has a payment structure set up or rather that's good that people join one of these curation market it seems to favor it early adopters as people who find out that first yes and traditionally mavens aren't always the earliest adopters were probably the kind of people that you want to track these curation market so how could you kind of lower the barrier of entry for people to find out about late but are the ideal person for this curation yeah so yeah that's a good question the goal is is that if people think they are good curators for specific topics that I would find in funnel but it's not necessarily the case one of the things that is that I want to do with this thing is is because with more method is to have a creation market or curation market right so it's like we Turtles all the way down financing which would allow it to surface these things before in the right times so you can find them before if you think it's kind of get big then you can join in early and be rewarded proportionally for doing good curation but one of the reasons why I like this this the continuous local model where the community grows and shrinks over time is that it does allow people to get in without having to buy this building from someone else right so if you think this price is reasonable you can just get in you don't go that because in exchange spiders totally right so which result like it loves it loves more people to get in and so you can get in and get out some view through mine and something from this 100 okay so in that way we don't have to realize too much an external infrastructure to do this but it is an open equation that's where the cost curves start coming maybe there's a different curve because currently the curve is just goes like it's linear for the most part and then goes Mitch makes an angel and that exponential into the the thing at the end was mostly for my muscles research which was around like if you added if you add another person to a conversation the amount of conversations increased by the amount of people living so it sort of you have to curtail it at some point but maybe there's been a curse like maybe maybe it should go like this and then you know be more open later on any other questions a lot of very good information I think I got most of it probably hopefully will get most more for the doctor I guess we've noticed a person was up compositionally through one of the other products but also more complex which I understand or not anyway so yeah so third the different project in this case that are trying to talk with some different areas it's sort of one of the describe it's like the attention economy which is like trying to figure out how to make money from just the effort you put in from your attention so basically attention token is one where it's like reassessing the the way the relationship with an advertiser is a user in the publisher works which i think is cool Co experiment and then DeMuth is sort of it is seem that it's very similar prospects with this or ideas and the cooking of oximeter step has their protocol in the wild for a while so they have an opportunity to test some of these assumptions already which is also - the thing to me about Seema that's also an interesting is its concept of like I do things and steaming so that I can get people to come back in and stay in this feedback loop or attract new people let's keep at you but it brings up the question about us you need to get people in to understand what Steve it is and so it's like you got to get the question of license do all the people of Steve because these the people that I want to belong to you like what is and so it's sort of saying that community does develop over time but it's like saying you know who our people are threaded you get the stereotype of what the redditor is in the same way there is your type of what schema user is and so like I feel like you can go a lot more granular and I'm just like a platform little architecture to get people into City bandage like that so that's why it's public but it's not sort of platform based protocols that the other thing year that I focus on as well is actually negative SEMA told me that he's working on similar things on schema where different topics could have tokens as well I'm set up as being this one platform token but you tell likely what do you think where people can can solve these tokens but a lot of these Quraish market ideas for me it's about thinking about the real bottom layer but hamsters are created because at any point in time where you have to get to a point where someone is styling some of these tokens you have to pull a lawyer you have to go to the market be diligent to figure out if this is about Lord or not so I want these tokens to be created without their being centralized parties but that's what Bitcoin in aetherium is like that in itself there's no Bitcoin company giving the points so that was one of the goals to make sure because many things as people agree that it's fair right a pair of making process I have two questions amazing one is talking very simply on to whatever pieces of the room to have our differences ourselves but not almost over what Layton when comes the point debate actually determines which they stuff yes and the second is more tuition market as far as our capsule retiring at the right you are try to form groups that are curating more information and as with the eighth grader they will come to a point where with you know they have a psychological profile and you know they will probably find information and teach research that even through the greatness officer and that they are cooking rice cooker on but there's spires in done and so they also a lot of these great market yes very question monarchy that says what is a first question was about like way if we match the disembodied groups that would use these things when do they need a focus right the second question is that sort of like the concept of farms these groups having psychological bias to work certain information and not necessarily objectively curating the best information than correct yes the first question is wind with whether these groups are topics that that's over any question my my castles and if there's I want the same success for very long tail of things right so if there's any problem in coordination and we think that injecting the Serpent's in it this sort of you stress response to foreign nation we will hopefully see organization but at how deep that goes I'm not sure it might mean that it limited solves a certain size and it doesn't make sense to mince a token for this chair right here right what vitamin important everyone who gets to sit on the chair reach right sportings but maybe machines wants to do more coordination on a subhuman level like we have high frequency trading no no you can control there but maybe there is ways for machines to coordinate on things like this so maybe there is reasons to go much much much much much lower and I posit the psychological bias I don't really think that the forest initiative rates based information to create information is relevant to the group right for life that would attract attention and so you swallow the concept where news media side states like Volvo like you say it's like macho Penske said of all I said it doesn't matter and the news is safe but the attention is real right so these groups might actually end up doing things like you know doing weirdest crazy things with that Jackson rotation that's what dogecoin becames offered you could support doing even weirder stuff they put it it's not a sponsoring object like to attract attention to their their privacy so it could create like weird sense of like socialized populism digital plugin isms that it in some extent worries me a bit as well but I think in general hopefully it creates a lot of value with most people think um yeah if there's one more question and anything we can have some peers I think you all want to question you see a lot of values in multiple competing theories market or if there's one saturate the entire army to that class you love us because I wanted that originally the previous iteration has like a global namespace right which is like to a lot of people who get to coordinate better so there's only one cerium curation market or something but I think it's too early I think that early to say this is the best cost curve this is the basic limitation I want spíritus competing curation markets both in like trying different permutations but even different curation markets with the same protocol competing against each other it will be sort of the survival the fittest purpose is attention and I think that will be more interesting and that's why there's a concept of eventually having once you've battled it's a bunch of space variation market for curation markets defines its best ones and have them compete against each other because it could be at some point where one like a buffet we create one where we want to get dishonest Buren's attention and we thought of something attention to it it's not looking at it the suddenly goes like that's a good idea that is community-generated slightly everyone's concern rushing into that once a month another one because that's one didn't succeed in getting attention or good curation so I think this going to be sort of is weird or like organic curation markets fighting nations other kind of things which contain two things totally people that use too much money cool thank you thank you very much

Automatic transcript — names and jargon may be misspelled.