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Some Updates and Some COVID Thoughts 04/03/2020
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Some Updates and Some COVID Thoughts 04/03/2020

Introduction

In this section, Charles Hoskinson introduces himself and talks about the purpose of the video.

  • Charles Hoskinson introduces himself and mentions that he wants to give some updates.
  • He talks about how everyone is under quarantine due to Corona and how it has affected people's lives.
  • He mentions that he will talk about his cool router in the background.

Marketing of Cardano

In this section, Charles Hoskinson talks about the marketing efforts for Cardano.

  • Charles Hoskinson had a great experience with McCann, who handles the marketing and PR for Cardano.
  • There are many entities involved in commercialization, presentation, and explanation of Cardano.
  • Every company has its own marketing division with cross-disciplinary teams consisting of media relations specialists, communication specialists, product marketers, campaign marketers, and community managers.
  • Three external firms are actively working on commercialization or marketing itself.

Commercialization Efforts

In this section, Charles Hoskinson discusses the commercialization efforts for Cardano.

  • PwC spearheads commercialization efforts for Cardano.
  • A workshop was held before quarantine started where over 50 people from IOHK, Emergo Foundation, and Cardano Foundation discussed delivery execution marketing commercialization prioritizations roles and responsibilities enter corporate communication at PWC offices in London.
  • An entire committee was created within their organization to address hundreds of action items produced during the workshop.

Vision & Mission

In this section, Charles Hoskinson talks about vision and mission statements for Cardano.

  • The workshop also focused on better ways of discussing and describing Cardano as well as creating more accurate descriptions of their products.
  • IOHK works with an organization known as April 6, which is a PR specialist organization that helps with sentiment analysis and creating great narratives.
  • McCann has been working with Cardano since December and did a presentation on brand, colors, and campaign ideas.

Rebranding of Cardano

In this section, Charles Hoskinson talks about the rebranding of Cardano.

  • The output from McCann's presentation gave them hooks to connect to as three entities when they launch Shelley at the same time as launching the rebrand of Cardano.
  • The most significant asset in that relaunch will be the cardano.org website.

McCann Brand Refresh

In this section, Charles Hoskinson talks about the brand refresh by McCann and how it will provide value to the ecosystem. He also mentions that there is a lot of work to be done in terms of product marketing and explaining certain concepts.

McCann Brand Refresh

  • The brand refresh by McCann will provide a place for people on both the governance side and operation side to hook into.
  • It will offer rich content, both static and dynamic, and interactive in some cases.
  • There was a spooling time for contractors or external firms like McCann to get familiar with Cardano's platform.
  • The brand refresh will take another six to eight weeks of work and involve other activities that they are pushing forward.
  • A lot of product marketing work needs to be done, including explaining Extended UTXO model, Marlowe DSL-driven approach for smart contracts, multi-asset system, voting in governance, address T works, libraries rolling out this month.

Cardinal Docs Rewrite

In this section, Charles Hoskinson talks about rewriting Cardinal Docs completely. He also mentions that there are at least five entities working full-time on marketing Cardano.

Cardinal Docs Rewrite

  • Cardinal Docs is being completely rewritten which is expected to take six to eight weeks.
  • Marketing is underway with at least five entities working full-time on getting things back to a point where they can feel comfortable with an aggressive campaign.

Pirate Reboot Update

In this section, Charles Hoskinson provides an update on the Pirate Reboot and the release of Flight.

Pirate Reboot Update

  • The Pirate Reboot has pivoted to Flight, which has received 27 support tickets so far.
  • Another cut of Flight is expected on Monday, and if things look good, it will be pushed to the classic Daedalus.
  • Most of the reboot should be percolated throughout Cardano by mid-April.

Audit Report Remediation

In this section, Charles Hoskinson talks about remediation for findings in an audit report by Route 9B. He also mentions that they plan to engage them for a more deep and aggressive audit on certain parts of the system.

Audit Report Remediation

  • They are currently in remediation mode for findings in an audit report by Route 9B.
  • All remediation should be finished and signed off by April 17th.
  • If Route 9B authorizes a release after reviewing the remediation, they will publicly release the audit report.
  • They plan to engage Route 9B for a more deep and aggressive audit on certain parts of the system.

Auditing Cardano Code

In this section, Charles Hoskinson talks about the importance of auditing the code specific to Cardano and how IOHK has an internal audit group that works with facilities. They also have several cryptographic engineers who specialize in implementing graphic algorithms.

Importance of Auditing

  • It is important to spend time auditing the code specific to Cardano.
  • The audits are generally more formalities than things that find significant issues.
  • Audits help them learn and improve their work.

Shelley Rollout

  • A deep discussion about the Shelley Haskell test net is happening, but there is no news yet on dates.
  • Software is being released every week or two weeks for various components related to Shelley.
  • Conversations are happening with firms like Vice and Trails about staking as a service from exchanges.
  • IOHK signed an agreement through the Cardinal foundation for Ledger to support both multi-sig on Ledger as well as cold staking on delicious device.

Launch of Shelley

  • Byron is being digested, and a lot of Shelley-related stuff is happening under the hood this month.
  • There should be some good news within the next few weeks about what's happening with Shelley's launch.
  • IOHK will attend a virtual conference called zk proof summit that's going to happen April 20th.

[#](0:10:04 t:604s ) Conclusion

In conclusion, Charles Hoskinson emphasizes the importance of auditing code specific to Cardano. He also provides updates on the progress made towards launching Shelley and mentions upcoming events such as the zk proof summit.

Introduction to the State of Cryptography

In this section, Charles Hoskinson talks about the upcoming conference and how IOHK has been working with Snark for years. He also mentions that there are over 100 clinical trials on the market at the moment and that there is good evidence that those trials will produce some form of treatment by the end of April.

Upcoming Conference and Collaboration with Snark

  • IOHK has been collaborating with Snark for years.
  • They will be presenting at an upcoming conference.
  • Charles is happy with their work and thinks it will help advance the state of cryptography.

Clinical Trials for COVID-19 Treatment

  • There are over 100 clinical trials on the market at the moment.
  • Good evidence suggests that those trials will produce some form of treatment by the end of April.

COVID-19 Update

In this section, Charles Hoskinson talks about COVID-19 and its impact on IOHK. He mentions that one of his employees tested positive for COVID-19 but was not in a development role. He also discusses how COVID-19 is affecting different countries and predicts that mortality rates will continue to rise in the US over the next few weeks.

Impact on IOHK

  • No bullet points associated with timestamps in this section.

Impact on Different Countries

  • One of Charles' employees tested positive for COVID-19 but was not in a development role.
  • Mortality rates in Spain and Italy are usually 500 to 1000 people a day.
  • In the US, New York had over 400 deaths in one day.
  • Mortality rates will continue to rise in the US over the next few weeks.

Hope for COVID-19 Treatment

In this section, Charles Hoskinson talks about the hope for COVID-19 treatment. He mentions that there are good therapeutics being developed and that there is a test from Roche that can tell if you have coronavirus within 20 or 30 minutes.

Good Therapeutics Being Developed

  • There are over 100 clinical trials on the market at the moment.
  • Good evidence suggests that those trials will produce some form of treatment by the end of April.
  • If we have good therapeutics, good tracking and tracing, and follow social distancing guidelines, mortality rates can be brought down to be on par with influenza.

Testing for Coronavirus

  • There is a test from Roche that can tell if you have coronavirus within 20 or 30 minutes.
  • An antibody test is also available that is 98% accurate and can tell you if you've had coronavirus within an hour.

Impact on IOHK Operations

In this section, Charles Hoskinson talks about how COVID-19 has impacted IOHK operations. He mentions that they are not experiencing any disruptions or slowdowns and that their company is actually operating faster than ever before.

Impact on IOHK Operations

  • IOHK is not experiencing any disruptions or slowdowns.
  • The company is actually operating faster than ever before because engineers are unable to go out and play, so they are writing more code.

The Tragedy of COVID-19

In this section, Charles Hoskinson talks about the tragedy of COVID-19. He mentions that friends of his have contracted coronavirus and some have died. He also discusses how COVID-19 will likely change things in the future.

Impact on People

  • Friends of Charles have contracted coronavirus and some have died.
  • At least a million people worldwide will probably die from COVID-19.

Changes for the Future

  • There will likely be a dramatic attempt to increase government authority.
  • [](t=0:19:21s

The Importance of Innovation and Privacy in Pandemics

In this section, the speaker discusses how humans have been able to operate despite suffering from horrible diseases in the past. He emphasizes that it is unreasonable for agendas to be pushed on society that would force us to surrender our privacy, autonomy, and medical transparency for the sake of preventing pandemics.

Innovations in Vaccines and Testing

  • The University of Pittsburgh has developed a microneedle vaccine design made of sugar that does not need refrigeration and can be mass-manufactured cheaply.
  • Roche was able to come up with a coronavirus test that normally takes a year to get approval in just two weeks. It can tell you in 30 minutes if you have it with a high degree of accuracy.

Avoiding Massive Expansion of Government Power

  • The current pandemic should not be an excuse for a massive expansion of government power or surveillance.
  • Tracking every human being in the world is unnecessary and not worth sacrificing privacy, autonomy, or medical transparency.

Importance of Cryptocurrencies and Blockchain Technology

  • Cryptocurrencies and blockchain technology are important because they offer different ways of doing things without sacrificing privacy or autonomy.
  • IOHK is building systems for digital identity, voting, tracking supply chains, etc., which are interconnected to the current crises we face.

Managing Supply Chains

  • Better ways of managing supply chains are needed as states did not have inventory or processes/capabilities to take proper inventory during the pandemic.
  • Larger marketplaces could help manage supply chains more effectively by ensuring fair behavior for everybody.

Privacy Technology

  • There is social value in tracking and tracing people who could be carriers of a disease or exposed during emergencies, but privacy can still be maintained.
  • Zero knowledge snarks and proof technology can add significant value to the conversation about privacy during pandemics.

Government Encroachment and Financial Fallout

  • Governments are likely to encroach more after the pandemic, and emergency powers will not be given back as quickly as they need to be.
  • The US government printed six trillion dollars out of thin air, which will have a tremendous financial fallout.

The Impact of Debt and Debasement on the Economy

In this section, the speaker discusses how debt and debasement can lead to hyperinflation or a bad recession for the economy.

Debt and Debasement

  • Appetite for debt and debasement is not as significant in other entities as it is in the US.
  • Hyperinflation or a bad recession can be created due to debt and debasement.

Social, Political, and Governmental Changes

In this section, the speaker talks about social, political, and governmental changes that are likely to occur due to COVID-19.

Changes Due to COVID-19

  • COVID-19 will result in social change, political change, and governmental change.
  • Hungary's government has implemented emergency total tellurianism unethically.
  • China may have difficulty dealing with the fallout of COVID-19 due to suspicion about its origins.

Investigations and International Scrutiny

In this section, the speaker discusses investigations and international scrutiny that may arise due to COVID-19.

Investigations Due to COVID-19

  • Investigations will take place due to suspicion about the origins of COVID-19.
  • Trade wars or even a cold war may arise as a consequence of investigations.

Fundamental Questions About Old vs New Order

In this section, the speaker talks about fundamental questions that will be asked regarding whether we should keep the old order or change it to a new order.

Old vs New Order

  • Fundamental questions will be asked about whether we should keep the old order or change it to a new order.
  • These moments are when our freedoms either get enhanced or taken away.

Consequences of September 11th

In this section, the speaker talks about the consequences of September 11th and how it relates to COVID-19.

Consequences of September 11th

  • The US went to war for 19 years after September 11th, resulting in trillions of dollars lost and millions of people killed.
  • Multi-generations served in the same combat theater for the same conflict.
  • The response and reaction to COVID-19 will be larger than that of September 11th.

Global Response to COVID-19

In this section, the speaker discusses the potential global response to COVID-19.

Potential Global Response

  • The potential global response could be much larger than that of September 11th.
  • It is imperative that we propose new ideas and solutions using technology.
  • If we don't find solutions, other people will propose them, often resulting in transfer of personal liberties and power from many to few.

Conclusion

In this section, the speaker concludes by discussing how sad COVID-19 makes him feel but also sees it as an opportunity politically speaking.

Conclusion

  • COVID-19 was a Black Swan event that was predictable but treated like a Black Swan.
  • COVID-19 is an opportunity politically speaking to propose new ideas and solutions.

The Importance of Social Progress During Tough Times

In this section, the speaker emphasizes the importance of not letting tough times justify throwing away social progress.

Don't Let Tough Times Justify Throwing Away Social Progress

  • It's important to remember that tough times don't justify throwing away all the social progress that has been made.
  • We should strive to be autonomous and live our lives without fear of a giant bureaucratic government pushing 1984 on us.

Update on COVID-19 and Johnson & Johnson Vaccine

In this section, the speaker provides an update on COVID-19 and discusses the potential for a vaccine from Johnson & Johnson.

Potential for a Johnson & Johnson Vaccine

  • There are over 10 good vaccine candidates that exist, including one from Johnson & Johnson.
  • The US federal government is mass-manufacturing the vaccine assuming it works, which is unprecedented.
  • The first clinical trial for the Johnson & Johnson vaccine is in September with hopes to deliver doses in Q1 2021 to high-risk populations.
  • The platform used by Johnson & Johnson is reliable and they have developed an enormous amount of knowledge about how to rapidly manufacture with it.

Importance of Proving Safety and Efficacy

  • It's important to prove that vaccines are safe before distributing them on a large scale.
  • Efficacy trials are also necessary to ensure that vaccines actually work as intended.

Ovid as a Biological Weapon?

In this section, the speaker discusses reports that suggest COVID-19 may have been created as a biological weapon by the Chinese.

Reports of COVID-19 as a Biological Weapon

  • There are reports from China and Chinese universities that suggest COVID-19 did not come from a wet market but rather was in a lab studying coronaviruses.
  • A paper published in February by a Chinese university suggested that someone at the lab got infected and spread it at the wet market.
  • The particular bat studied is not native to the area where the wet market is located, making it unlikely that it would be sold there.

Transmission and Spread

In this section, the speaker discusses the differences in transmission between COVID-19 and SARS. They also talk about the primary mode of transmission and how it is still being studied.

Differences in Transmission

  • Carriers of SARS generally spread the highest infection when they were sick, whereas carriers of COVID-19 are highly infectious while asymptomatic or with mild symptoms.
  • This is one of the reasons why COVID-19 has become a pandemic and SARS did not.

Primary Mode of Transmission

  • The primary mode of transmission for COVID-19 is still being studied.
  • It is unclear whether it is through droplets, touching surfaces, or just breathing on someone.

Misinformation About Transmission

  • There are many misconceptions about how COVID-19 spreads, such as claims that 5G towers cause its proliferation or that vaccines contain RFID chips for surveillance purposes.
  • These claims are unfounded and unsupported by evidence.

Vaccines and Conspiracy Theories

In this section, the speaker addresses common conspiracy theories surrounding vaccines and debunks them.

Safety of Vaccines

  • Vaccines have been proven to be safe tools that have saved countless lives from diseases like smallpox and polio.

Conspiracy Theories About Vaccines

  • Claims that vaccines contain "nasty DNA harming substances" or RFID chips for surveillance purposes are unfounded conspiracy theories.
  • There is no global conspiracy to create a pandemic for the sake of depopulating the world.

The Reality of Statecraft

In this section, the speaker talks about how people believe in conspiracy theories and explains that it is not a reality. He also discusses statecraft and intelligence agencies.

Conspiracy Theories

  • People believe in conspiracy theories without providing objective evidence.
  • It is impossible to keep a secret on a global scale.
  • There are no grand conspiracies from chemtrails to 5g.
  • This virus does not discriminate and decide who to kill with their special tags.

Statecraft

  • Intelligence agencies do clandestine operations to capitalize themselves.
  • US presidents are rewarded for being strong and getting things done.
  • Some commercially critical infrastructure should be built by third parties to diversify ecosystems.

Building Hydra

In this section, the speaker talks about outsourcing the implementation of Hydra and the importance of diversifying ecosystems.

Outsourcing Implementation

  • They will manage the prototype buildings for Hydra.
  • Competing implementations can run against each other because Hydra is a specification.

Diversifying Ecosystems

  • Commercially critical infrastructure should be built by third parties to diversify ecosystems.
  • Smart contracts, centralization governance, and demand are more significant than Hydra.

Cardinal Technology and Shelly Testnet

In this section, Charles talks about the unique Cardinal technology that is exclusive to Cardano. He also discusses the Shelly testnet and its milestones.

Cardinal Technology

  • The Cardinal technology used by Cardano is unique and cannot be ported to other systems without significant changes.
  • This technology provides a beautiful future for Cardano as it becomes a global scale system.
  • IOHK is working with the University of Wyoming to create a hardware chip for trusted hardware.

Shelly Testnet

  • The snapshot for the Shelly testnet was done on November 29th, and there will not be another snapshot because Shelly is coming soon.
  • There are three milestones for the Shelly testnet, starting with the Haskell test net.
  • A small clique of state pool operators will participate in an internal private demo before opening it up to all state pool operators.
  • Once comfortable with the wallet back-end integration, IOHK will launch a balance check test net where users can restore their main net wallet on the Shelly test net with their rewards from ITN.
  • After verifying balances are correct, IOHK will launch the Shelly main net in stages.

Cold Storage Wallet Product

In this section, Charles talks about whether or not IOHK has considered making their own cold storage wallet product.

Cold Storage Wallet Product

  • IOHK is working with the University of Wyoming to create a hardware chip for trusted hardware.
  • Charles believes that partnering with existing companies like Trezor and Ledger makes more sense since they are already doing a great job in this market.

ITN Rewards and Shelly Testnet

In this section, Charles talks about when users will stop receiving rewards from the ITN and when the ITN will shut down.

ITN Rewards and Shelly Testnet

  • Users will stop receiving rewards from the ITN when it shuts down, which is likely to happen right after launching the balance check Shelly Haskell test net.

Petting Goats for Stress Relief

Charles talks about using his animals, including goats, for stress relief.

Using Animals for Stress Relief

  • Charles pets his goats for stress relief.
  • He puts all of his animals to use for stress relief.

Plutus Development Experience

Charles discusses the upcoming announcement regarding a Plutus development experience.

Resources for Developing on Plutus

  • IOHK will make an announcement soon about a Plutus development experience.
  • The goal is to allow people to start writing Plutus applications in anticipation.
  • The team wants to get the announcement out as quickly as possible.

Bees and Aquaculture on the Farm

Charles talks about plans to add bees and aquaculture to his farm.

Beekeeping and Aquaculture Plans

  • Charles plans on adding bees and aquaculture (specifically hydroponics).
  • He has a book on hydroponics somewhere around him that he can show later.

Staking ADA and Sanitizing Animals

Charles answers questions about staking ADA and sanitizing animals.

Staking ADA and Sanitizing Animals

  • Staking ADA will be as easy as it is on the incentivized testnet.
  • Charles does not sanitize his farm animals before letting others pet them.
  • Farmers have had to deal with diseases that normal people don't, such as anthrax transmitted from sheep wool.

Jarrell's Camera Time and Product Management at IOHK

Charles talks about Jarrell's camera time and Aparna's role as a senior product manager at IOHK.

Jarrell's Camera Time and Aparna's Role

  • Jarrell is doing a phenomenal job at the Cardinal Foundation and as Charles' chief of staff at IOHK.
  • As her roles and responsibilities increase, we may see more camera time from her.
  • Aparna is the senior product manager for Cardinal and has done a phenomenal job unifying the product design philosophy and getting all the product managers to work as one team.

Alpacas on the Ranch

Charles talks about plans to add alpacas to his ranch.

Adding Alpacas to the Ranch

  • Charles plans on adding alpacas this year.

Favorite Simpsons Episode and Xbox vs. PS5

Charles answers questions about his favorite Simpsons episode and Xbox vs. PS5.

Favorite Simpsons Episode and Xbox vs. PS5

  • Charles needs to give some thought to his favorite Simpsons episode.
  • He prefers Xbox over PS5 because he thinks Microsoft has perfected it.

Prions, Mad Cow Disease, and Kuru Syndrome

Charles talks about prions, mad cow disease, and kuru syndrome.

Prions, Mad Cow Disease, and Kuru Syndrome

  • Prions are terrible things that cause encephalopathy.
  • If Charles had mad cow disease (caused by prions), he would look like he had Alzheimer's.
  • There is even a prion that humans can get called kuru syndrome that cannibals in Papua New Guinea get.

South Park Creativity

Charles talks about South Park's creativity.

South Park Creativity

  • Charles has a lot of respect for South Park's creativity.
  • The show finds a way to be vulgar yet elegant, and he has never witnessed another show that can do that.

Irrigation Upgrade on the Farm

Charles talks about upgrading irrigation on his farm.

Irrigation Upgrade

  • Charles grows hay and will probably grow some alfalfa.
  • He is doing a substantial irrigation upgrade and getting sprinklers put in.

Joe Exotic, Farming and Ranching, Math, and Daedalus

In this section, Charles Hoskinson talks about his thoughts on the Tiger King documentary series, his family's history in farming and ranching, his favorite mathematicians, and the syncing time for Daedalus.

Thoughts on Joe Exotic

  • Charles is not familiar with the story of Joe Exotic from the Tiger King documentary series. He does not speculate on whether someone fed their husband to tigers or not.
  • He knows of a case where someone was fed to tigers in the Philippines about ten years ago but those were bad people.

Farming and Ranching

  • Charles comes from a family of farmers and ranchers. His grandfather grew up in Big Timber Montana and had a large ranch in Mile City before moving back to Big Timber. His dad lives in Wyoming and has recently started collecting animals including an antelope.
  • For the past two years, Charles' family has been involved in farming and ranching again after being off-and-on for over 70 years. They do not eat or sell any of the animals they have but produce hay as an agricultural product.

Favorite Mathematician

  • When asked who his favorite mathematician is, Charles mentions David Hilbert although he also thinks Emil Artin is amazing as well as Grothendieck.

Sync Time for Daedalus

  • The syncing time for Daedalus can range from five hours to about nine or ten hours depending on several factors such as CPU memory, disk operation, network operation, etc.

Development Platforms and Syncing Times

In this section, Charles talks about the development platforms used by IOHK developers and how it affects syncing times. He also discusses factors that affect syncing times such as CPU, memory, disk, and network.

Development Platforms

  • Most IOHK developers come from the open-source community and use Linux or Mac as their primary development platform. Windows is usually their secondary development platform.
  • Haskell has some issues with Windows but efforts have been made to improve it over the years. GHC has made contributions to improve Haskell on Windows so that applications can be deployed comfortably with the same quality and performance as on Linux or Mac.

Factors Affecting Syncing Times

  • Syncing times are affected by CPU, memory, disk, and network. If any of these factors are slow or outdated, syncing time will be affected.
  • Efforts have been made to increase syncing time performance especially on Windows since Linux is faster due to being tested more frequently. However, syncing gigabytes of data takes time regardless of performance improvements made over time. A full node may take under an hour to sync while a light client like ROI can be used almost immediately if a full node experience is not desired.

Daedalus Requirements

In this section, Charles talks about Daedalus requirements in terms of storage space and hardware.

Storage Space Requirements

  • Daedalus does not require intensive storage space usage; only a few gigabytes of storage are needed which means any normal laptop or computer can service the full node including Raspberry Pi devices which people have done before.

Testing and Blog Posts

In this section, Charles talks about testing methods used by IOHK and the possibility of future blog posts.

Testing Methods

  • Quick check is extensively used for testing at IOHK. Haskell test net will be updated with a similar cadence as Rust test net which was updated weekly.

Blog Posts

  • Charles has not decided when his next blog post will be but he has written about how quick check is used at IOHK. A new blog post is being written about some exotic books found on the consensus side.

Miscellaneous Topics

In this section, Charles talks about various topics such as Lamborghinis, travel restrictions, and the NFL.

Lamborghinis

  • Charles prefers Lamborghinis over Koenigseggs because they are well-built, sound incredible, and are fun to drive. He already owns a Huracan so there's no need to go to a track to drive another one.

Travel Restrictions

  • Wim Hof trips were canceled due to travel restrictions caused by COVID-19 pandemic. Charles cannot even fly to Japan right now due to travel restrictions.

NFL

  • Charles used to love watching NFL games every weekend with his dad but he doesn't care anymore since the Patriots burned their bridges with him after Tom Brady left for Tampa Bay. He couldn't care less if there's an NFL season this year or not.

Project Status in Ethiopia

In this section, Lauren provides an update on the status of the project in Ethiopia.

Feasibility Study

  • The project is going through a feasibility study.
  • Due to COVID-19, infrastructure has been shut down and running pilots is not feasible.
  • The feasibility report should be available sometime this month.

Miscellaneous Topics

This section covers various topics discussed during the transcript.

Ebola and War in Africa

  • Lauren mentions that she has been to Ivory Coast and Sierra Leone for war and chaos, respectively.
  • She also talks about her planned trip to Uganda, Rwanda, Tanzania, Ethiopia, and Kenya which was cancelled due to COVID-19.

Cyber Truck Redesign

  • Lauren mentions that she hopes the Cyber Truck redesign was an April Fool's joke.

Giraffe Ownership

  • Lauren confirms that she owns a giraffe which was gifted by the President of South Africa.

Cardiology Education

  • Charles mentions that he will have handouts and materials for cardiology education available in June.

Urgo Project

In this section, Charles talks about the Urgo project created by Alex Chirpin.

Urgo Project Description

  • Charles describes Urgo as a project created on the back end of Scorex I with cool ideas like puzzles and sigma protocols.

Miscellaneous Topics 2

This section covers various topics discussed during the transcript.

Chickens and Whiskey

  • Charles mentions that he still has ten chickens.
  • He also talks about his favorite whiskey brands, Yamazaki and Hibiki.

Smart Contract for Bet

  • Charles mentions a $50 bet on Twitter which he plans to collect with a smart contract on Cardano.

Integrations and Potential Flaws

In this section, Charles talks about the difficulties of predicting how long integrations take and how potential flaws can arise during the process.

Integrations Take Time

  • Integrations can take weeks due to debugging, cleaning performance profiling, patching memory leaks.
  • Internal roadmaps are used to track progress with a great degree of accuracy.
  • The team anticipated the pirate reboot coming up sometime in March and it hit end of March.

Potential Flaws

  • It is difficult to predict how long integrations take and how long pieces will take.
  • Emerging issues or potential flaws can arise during the integration process.
  • Coronavirus is starting to spread which could potentially slow down work units.

Tupac or Biggie?

In this section, Charles answers a question about his preference between Tupac and Biggie.

Music Preferences

  • When asked if he prefers Tupac or Biggie, Charles chooses Tupac.

Pink Floyd Painting

In this section, Charles explains why his Pink Floyd painting is on the floor instead of hanging on the wall.

Art Placement

  • The Pink Floyd painting is on the floor because he hasn't had time to move it into his office yet.
  • There isn't enough room in his office for the painting anymore because he has a Gustav Klimpt painting there now.

Chico Crypto Beef?

In this section, Charles talks about a YouTuber named Chico Crypto and whether or not there is any beef between them.

No Beef

  • There is no real beef between Charles and Chico Crypto.
  • Chico Crypto is nobody important in the grand scheme of things.

Music Preferences and Trading Volume

In this section, Charles talks about his music preferences and trading volume for Cardano.

Music Preferences

  • When asked about his music preferences, Charles says he likes Earth Wind & Fire but was more of a Bee Gees fan.
  • He thinks that Cardano's trading volume is reasonable given the exchanges it's on.

Trading Volume

  • Charles is skeptical about other chains with high turnover rates.
  • When Cardano gets on larger exchanges, he expects to see a 2 to 3x increase in volume.
  • IOHK has hired a quantitative analyst to model market structure and stability for portfolio optimization.

Ranch Size

In this section, Charles talks about the size of his ranch.

Ranch Size

  • The size of Charles' ranch is 50 acres.

Ethereum Naming and Fishing

In this section, Charles Hoskinson talks about the origin of the name "Ethereum" and his love for fishing.

Ethereum Naming

  • The name "Ethereum" was inspired by the game World of Warcraft.
  • Vitalik Buterin, one of the co-founders of Ethereum, is a big fan of the game.

Fishing

  • Charles Hoskinson used to enjoy deep-sea fishing and catching swordfish.
  • His favorite fish to catch are catfish.
  • He hasn't had a chance to go fishing recently but hopes to do so soon.

Staking Mechanisms in Cardano

In this section, Charles Hoskinson discusses staking mechanisms in Cardano.

Staking Revenue for Catalyst Voting

  • Staking revenue for Catalyst voting will be the same as regular staking.
  • It's just a different mechanism to do that.

Decentralization Potential in Cardano Network

In this section, Charles Hoskinson addresses concerns regarding decentralization potential in the Cardano network.

State Pools and Decentralization Potential

  • There are no coalitions at the moment that are disrupting the operations of ITN (Incentivized Testnet).
  • Anybody who says otherwise is not being intellectually honest.
  • If a cartel of large holders gets together, they can slow things down but they can't censor or disrupt the system completely.
  • Social structures people form can be positive and we can build mitigations where necessary.

Decimal Point Supply vs Circulating Supply

In this section, Charles Hoskinson explains the difference between decimal point supply and circulating supply.

Decimal Point Supply

  • The size of the circulating supply doesn't matter.
  • It's just where you put the decimal point.
  • Bernardo David, an MPC expert who worked for IOHK, graduated and got a professorship at University of Copenhagen.

Researcher Update

In this section, Charles Hoskinson provides an update on researchers working for IOHK.

Researchers Working for IOHK

  • Sandro is an MPC expert who replaced Bernardo Damon at IOHK.
  • He has been doing some phenomenal work on Hydra and Spikes.
  • Ben Ching Zhang is also another MPC guy working for IOHK.

Cardinal as a Security Token Platform

In this section, Charles Hoskinson talks about how Cardinal is built to be useful for both regulated and unregulated products. He also mentions that the platform has been designed to drive adoption and value.

Cardinal's Usefulness

  • Cardinal is built to be useful for both regulated and unregulated products.
  • The platform has been designed to drive adoption and value.

Potential Applications

  • Discussions have been held with developing countries about giving them stock markets and creating IPOS for SMEs via an STO.
  • The platform could potentially be used as a voting system when Voltaire comes.

Personal Interests

In this section, Charles Hoskinson talks about his personal interests, including firearms, coffee, and health.

Firearms

  • Charles owns both a 9mm and .45 ACP gun.
  • He prefers Walther over Glock but thinks the Glock 17 is nice with a red dot sight.

Coffee

  • Charles drinks coffee all day long.
  • He shares his recipe for bulletproof coffee using Kerrygold unsalted butter and MCT oil blended with coffee.

Health

  • Charles believes that people focus too much on things like whether coffee or salt is good or bad when exercise can make dramatic differences in people's long-term health.
  • Exercise could make dramatic differences in people's long-term health.

Promoting Cardano

In this section, Charles Hoskinson talks about promoting Cardano and creating new famous well-known people.

Promoting Cardano

  • Charles would like the next Andreas Antonopoulos to promote Cardano.
  • The point is to create new famous well-known people just like Bitcoin created him and Andreas Antonopoulos.

Miscellaneous Topics

In this section, Charles Hoskinson talks about various topics such as medical school, blood pressure, and delays.

Medical School

  • Charles asks where someone is in their medical school curriculum.

Blood Pressure

  • Charles believes that coffee can cause temporary high blood pressure but exercise can make dramatic differences in people's long-term health.
  • People focus too much on things like whether coffee or salt is good or bad when much more thumb digital things for example exercise could make dramatic differences in people's long-term health.

Delays

  • There are no delays.

Ethereum and Green Energy

In this section, the speaker discusses the benefits of using extended UTX for smart contracts in Ethereum. They also propose a solution to the global warming crisis by transitioning to nuclear and alternative energy, with heavy subsidies for wind and solar power, energy storage, and broadband over power line.

Extended UTX Model

  • The extended UTX model is significantly better than the current smart contract model in Ethereum.
  • It provides a much better way of doing smart contracts without hindering free-thinking.

Solution to Global Warming Crisis

  • Carbon air capture and nuclear/alternative energy can solve the global warming crisis.
  • Heavy subsidies should be put into energy storage, broadband over power line, wind and solar power.
  • Carbon air capture can gradually reduce carbon emissions.
  • Graphene batteries will make ICE obsolete within 10 to 20 years.

Energy Storage Solutions

  • Gravity storage is a simple system that stores energy by pulling up big weights in mine shafts.
  • Solar and wind are where they need to be in terms of manufacturing costs.
  • Fourth-generation nuclear power is reliable and good for processing fuel without creating nuclear waste.

ITN Progress Update

In this section, the speaker addresses rumors about Phillip's Tank not being impressed with ITN progress. He clarifies that both Phillip and Rick have been advocates of ITN participation and have seen enormous progress in just three months.

Clarification on Phillip's Tank Opinion

  • Phillip's Tank was quoted out of context regarding his opinion on ITN progress.
  • Both Phillip and Rick are big advocates of the ITN and have seen enormous progress in just three months.

Cardano's Commercial Focus

In this section, Charles Hoskinson talks about Cardano's original commercial focus and how they marketed it as a gambling platform.

Marketing Cardano as a Gambling Platform

  • Cardano was originally marketed as a gambling platform.
  • A two-minute clip was revised to mention that one of their commercial partners was going to go to them.
  • The group running the marketing campaign focused solely on selling Cardano as a gambling platform.

Socialism and Communism

In this section, Charles Hoskinson shares his thoughts on socialism and communism.

Socialism vs. Communism

  • Charles Hoskinson clarifies that he is not a socialist or communist.
  • He believes that socialists want all factors of production to be controlled by the government.
  • If given power, socialists would nationalize industries such as education and healthcare.
  • This ideology is just "malarkey" according to him.

Geopolitics and Regime Change in South America

In this section, Charles Hoskinson discusses the geopolitical situation in South America and the possibility of regime change in Venezuela.

Maduro's Illicit Activities

  • The United States has considered Maduro a geopolitical foe since Chavez nationalized industries which destroyed their economy.
  • Maduro keeps himself in power through illicit activities.
  • Recent activities in Central America are directly connected to the Maduro regime and may result in further sanctions against him.

Possibility of Regime Change

  • There is currently a $15 million reward for information leading to Maduro's capture or conviction.
  • There is also reportedly a hit out on him.
  • Charles Hoskinson believes that Maduro will be replaced soon.

Democratic Primaries and the 2020 Election

In this section, Charles Hoskinson shares his thoughts on the Democratic primaries and the 2020 election.

Tulsi Gabbard

  • Charles Hoskinson wonders why Tulsi Gabbard was not nominated during the Democratic primaries.
  • He believes that she would have been a viable candidate who could have won the election easily.
  • Instead, they picked Biden who is not prepared for office and will likely be a puppet for whichever interests represent the party.

Consequences of Decisions

  • The decision to pick Biden as their candidate was "craziness" according to him.
  • The alternative is a 78-year-old communist which he believes is a mess.
  • These decisions have consequences, but they just don't seem to care.

Communicating the Confusion and UVI

In this section, the speaker discusses how it takes years for certain things to fully materialize and how there are ways to hide confusion. The speaker also talks about Universal Basic Income (UBI) and how it could work in Norway but not necessarily in the United States.

Confusion and UVI

  • The speaker explains that it takes years for certain things to fully materialize.
  • Biden is a different person today than he was 12 years ago, according to the speaker.
  • The speaker discusses UVI as an interesting concept that could work in Norway due to their good fiscal policy.
  • However, implementing UVI in a country with massive debt would lead to inflation and hurt poor people more than wealthy people.

Capitalism and UVI

In this section, the speaker talks about capitalism being compatible with Universal Basic Income (UBI).

Capitalism and UVI

  • The speaker explains that capitalism is not necessarily incompatible with UBI.
  • There are ways of implementing UBI which wouldn't potentially have a huge issue, but sales taxes hurt the poor much more than they hurt the wealthy.

Capitalism and Fiscal Policy

In this section, the speaker discusses how a sovereign wealth fund can be used to pay dividends to citizens without interfering with capitalism. They also explain how nationalizing factors of production or market interference can become problematic for capitalism.

Sovereign Wealth Fund and Dividends

  • A sovereign wealth fund can be used to pay dividends to citizens without interfering with capitalism.

Nationalization and Market Interference

  • Nationalizing factors of production or market interference can become problematic for capitalism.

Bureaucracy vs Politicians

In this section, the speaker talks about the power of bureaucracy compared to politicians and how politicians are robbing the system.

Power of Bureaucracy

  • Bureaucracy is much more powerful than politicians.

Politicians Robbing the System

  • Politicians are robbing the system.

End of Stream

In this section, the speaker ends the stream by thanking moderators and viewers for their questions and participation.

Conclusion

  • The stream ends after two hours at 1 o'clock in the morning. The speaker thanks moderators and viewers for their great questions and participation.