ICP.Talks: Trustless Multichain bringing ETH & BTC together | Ep. 9

DFINITY
13 Mar 202458:49

Summary

TLDRIn this engaging conversation, Kyle Langum interviews Ashling Connelly, a researcher at Definity leading multi-chain efforts. Ashling shares insights on the evolution of the blockchain industry, particularly focusing on the multi-chain narrative at ETH Denver. She discusses the importance of standardization, the potential of Bitcoin integration, and the innovative projects being developed on the Internet Computer platform. The discussion highlights the maturity and vibrancy of the industry, showcasing the shift from mere replication of traditional systems to creating unique, blockchain-native solutions.

Takeaways

  • 🌟 The Ethereum Denver conference highlights the growing importance of multi-chain narratives and the increasing interest in Bitcoin integration within the blockchain community.
  • 💡 Ashling's mission at the conference was to understand the current multi-chain narrative and explain the efforts and achievements of Definity in this space.
  • 🚀 The Internet Computer's integration with Bitcoin and Ethereum allows for trustless interactions, marking a significant step forward in cross-chain communication.
  • 📈 The event showcased a maturity in the blockchain industry, with projects moving beyond mere token swapping to developing real-world applications and innovative use cases.
  • 🤝 There was a notable shift towards collaboration and standardization, with projects seeking to work together and build on each other's successes.
  • 🌐 The community vibe at the conference was dynamic and vibrant, reflecting a renewed optimism and energy in the blockchain space.
  • 💬 Ashling's experience at the conference emphasized the value of face-to-face interactions and the importance of community building in the growth of the industry.
  • 📊 The discussion around threshold signatures and verifiable randomness highlighted the technical advancements and potential applications in secure and decentralized communication.
  • 🏆 Projects like dmail demonstrated the potential for blockchain applications to scale and retain users, showing the viability of web3 businesses.
  • 🔍 The conference served as a platform for showcasing the progress made during the industry's recent challenging times, with many projects ready to release new advancements.

Q & A

  • What is the main focus of the conversation between Kyle and Ashling?

    -The main focus of the conversation is the experiences and insights gained during the e Denver event, particularly around the multi-chain narrative and the developments in the blockchain industry.

  • How does Ashling feel about the atmosphere at e Denver?

    -Ashling feels that the vibes at e Denver are awesome, with a lot of exciting things happening, and appreciates the community and business-oriented atmosphere.

  • What is Ashling's role at the e Denver event?

    -Ashling is a researcher at Definity, leading multi-chain efforts, and her role at the event is to share insights on the multi-chain narrative, educate people on how their technology works, and discuss the trustless and decentralized aspects of their project.

  • What was the first event Ashling attended at e Denver?

    -The first event Ashling attended was an event organized by ICP Hubs at the University of Colorado and Denver, where she gave a talk on threshold signatures and their significance in the context of the Internet Computer (IC).

  • How does Ashling describe the Bitcoin integration on the Internet Computer?

    -Ashling describes the Bitcoin integration as trustless, battle-tested, and secure, allowing for read and write operations with Bitcoin and Ethereum, and providing a non-custodial solution for users to interact with the Bitcoin ledger.

  • What does Ashling find surprising about the interest in multi-chain at e Denver?

    -Ashling finds it surprising that there is a lot of interest in the multi-chain narrative, with many people looking for tools and infrastructure to build on the Internet Computer and integrate with Bitcoin and Ethereum.

  • What is the significance of the CK BTC project for Definity?

    -CK BTC is the fastest-growing synthetic Bitcoin on the Definity platform, demonstrating the momentum and growth of the project, as well as its position as a leader in the multi-chain space.

  • How does Ashling perceive the evolution of the blockchain industry over the past two years?

    -Ashling perceives the industry as maturing and evolving from a focus on decentralization and replication to building real products and services that leverage the unique properties of blockchain technology, such as cross-chain integration and decentralized privacy tools.

  • What are some of the key themes Ashling noticed at e Denver?

    -Some key themes Ashling noticed include multi-chain integration, chain abstraction, account abstraction, and the increasing interest in Bitcoin and its potential for innovation and cross-pollination with the Ethereum ecosystem.

  • What does Ashling find particularly interesting about the future of blockchain technology?

    -Ashling finds it particularly interesting to think about how blockchain technology will integrate into everyday life, such as using it for payments, computation, and digital assets, and how it will change the way we interact with various services and systems.

Outlines

00:00

🌟 Introduction and Experiences at ETH Denver

The speakers, Kyle Langum and Ashling Connelly, discuss their experiences at ETH Denver, noting the exhaustion from the event and the dry air. They touch on the significant difference from previous years, with a focus on multi-chain efforts and the crypto world's presence in Denver. Ashling shares her role as a researcher at Definity, leading multi-chain efforts, and her mission to understand and explain the current multi-chain narrative.

05:02

📚 Ashling's Research and Talks on Multi-Chain

Ashling delves into her research and the talks she gave at ETH Denver, focusing on multi-chain technology, chain key, and the integration of Bitcoin and Ethereum with the Internet Computer. She discusses the importance of education in the field and the need to understand the infrastructure and features like threshold signatures, verifiable randomness, and the integration with other chains.

10:02

🤝 Engaging with the Community and Side Events

The conversation shifts to the various side events and the value of community engagement at ETH Denver. Ashling and Kyle discuss the significance of these events in driving the industry forward, with Ashling sharing her experiences at ICP Hubs and her interactions with developers and students. They also touch on the importance of standardization and the potential for cross-chain collaboration.

15:03

💡 Insights from Bitcoin Renaissance and ETH Denver

Ashling shares her insights from Bitcoin Renaissance and the main ETH Denver event, highlighting the focus on L2s, EVMs, and the Bitcoin economy. She discusses the energy and innovation in the Bitcoin community and the headstart that projects on the Internet Computer have in integrating with Bitcoin. The conversation also covers the potential for growth and the excitement around Bitcoin's future in the industry.

20:05

🌐 The Future of Blockchain in Everyday Life

The speakers ponder the future of blockchain technology in everyday life, discussing its potential integration into daily activities like payments, communication, and governance. They explore the idea of a digital town and the role of blockchain in voting and community decisions. The conversation emphasizes the importance of interoperability and the user experience in driving blockchain adoption.

25:05

🚀 Growth and Maturity of the Crypto Industry

Ashling and Kyle reflect on the growth and maturity of the crypto industry, noting the shift from short-term trends to long-term vision and the emergence of serious businesses. They discuss the importance of community and collaboration in building a successful ecosystem, the rise of multi-chain solutions, and the industry's move towards modular infrastructure.

30:06

🤝 Networking and Learning at ETH Denver

The speakers share their experiences of networking at ETH Denver, highlighting the value of face-to-face interactions and the opportunities to learn from others in the industry. They discuss the welcoming nature of the community and the strategic partnerships formed, as well as the recognition of the Internet Computer's capabilities and the interest from other projects.

35:09

🌐 The Ethereum Ecosystem and Multi-Chain Integration

Ashling talks about the Ethereum ecosystem's openness to the Internet Computer and the interest in multi-chain integration. She discusses the importance of community vibes and the collaborative spirit at ETH Denver, as well as the trend towards modular tech stacks and the move away from monolithic infrastructure. The conversation also touches on the potential for AI and blockchain integration.

40:09

📈 The Evolution of Blockchain Beyond Web 2

The speakers discuss the evolution of blockchain technology beyond simply replicating Web 2 services, emphasizing the unique features and use cases that blockchain offers. They talk about the industry's shift in focus from decentralization as the sole value proposition to a more nuanced understanding of when and how to use blockchain technology effectively.

45:09

🎉 Highlights and Takeaways from ETH Denver

In the concluding segment, Ashling and Kyle share their personal highlights from ETH Denver, from insightful conversations to the validation of their work in the industry. They reflect on the maturity of the blockchain industry and its potential to reshape everyday life, expressing excitement for the future and the possibilities that lie ahead.

Mindmap

Keywords

💡multi-chain

The term 'multi-chain' refers to the integration and interaction of multiple blockchain networks, allowing for seamless transactions and data sharing across different blockchain ecosystems. In the context of the video, it is a central theme where the speakers discuss the importance of building applications and services that can operate across various blockchain networks, such as Bitcoin and Ethereum, to enhance functionality and reach a broader user base.

💡Chapstick

Chapstick is a colloquial term for lip balm, which is used to prevent or treat dry, chapped lips. In the video, it is humorously mentioned as an essential item for dealing with the dry air in Denver, where the event is taking place, symbolizing the practical aspects of attending a conference and the need for adaptation to new environments.

💡hydration

Hydration refers to the process of providing or absorbing water or other liquids to maintain adequate water content in the body or a system. In the video, one of the speakers is trying to hydrate as much as possible to cope with the dry climate of Denver, emphasizing the importance of taking care of one's physical well-being during a conference.

💡threshold signatures

Threshold signatures are a cryptographic method that allows a group of participants to collectively create a signature on a message without revealing individual private keys. This concept is crucial for the security and decentralization of blockchain networks. In the video, it is mentioned as part of the technical discussion on how the Internet Computer uses such signatures to ensure trustless operations.

💡developer experience

Developer experience refers to the ease and efficiency with which software developers can build, test, and deploy applications. It encompasses the tools, frameworks, and processes that support development work. In the context of the video, the speakers discuss the importance of creating a seamless developer experience for building applications that span multiple blockchains, emphasizing the need for education and standardization to make this process accessible and intuitive.

💡Bitcoin Renaissance

Bitcoin Renaissance is an event mentioned in the video that focuses on Bitcoin and its growing ecosystem, including discussions on layer 2 solutions and the Ethereum Virtual Machine (EVM). The term 'Renaissance' suggests a rebirth or revival of interest and innovation around Bitcoin, indicating its significance in the current blockchain landscape.

💡standardization

Standardization in the context of the video refers to the establishment of common protocols, rules, or guidelines that govern the development and operation of applications and services within the blockchain space. It is crucial for interoperability, allowing different blockchain projects to work together seamlessly. The speakers discuss the importance of standardization for the multi-chain narrative and the future of blockchain technology.

💡gasless transactions

Gasless transactions are transactions on a blockchain that do not require the payment of 'gas' fees, which are typically needed to process and validate transactions. In the video, the concept is discussed as part of the benefits of the Internet Computer's integration with Bitcoin, highlighting how it can facilitate smoother and more accessible user experiences by removing the need for transaction fees.

💡community vibe

Community vibe refers to the atmosphere, culture, and interactions among the members of a community, particularly in the context of a conference or gathering. In the video, the term is used to describe the positive and collaborative spirit at the event, emphasizing the importance of face-to-face interactions and the shared enthusiasm for building and growing the blockchain industry.

💡monolithic infrastructure

Monolithic infrastructure refers to a single, unified system or structure that houses all components of a software application or service. In the context of the video, the speakers discuss moving away from this traditional approach towards a more modular infrastructure, where different blockchain technologies and features can be combined to create customized solutions for developers and users.

💡web3

Web3, or Web 3.0, is a term used to describe the next generation of the internet, characterized by decentralized applications, blockchain technology, and greater user control over data and privacy. In the video, web3 is the overarching theme, with discussions centered on the development and maturation of blockchain technologies and their potential to revolutionize various aspects of daily life and business.

Highlights

Ashling Connelly, a researcher at Definity, discusses her focus on multi-chain efforts and the importance of educating people about the trustless and decentralized nature of the technology.

The Internet Computer's original goal was to decentralize the web, and with the integration of Bitcoin and Ethereum, it now allows for trustless communication with these chains.

Ashling's talk at the University of Colorado and Denver on threshold signatures and verifiable randomness was well-received, showcasing the industry's growing understanding of cryptography.

The Ethereum community is showing interest in the multi-chain narrative, with a focus on chain abstraction and account abstraction.

Bitcoin is gaining attention in the multi-chain space, with projects like CK BTC demonstrating the potential for synthetic Bitcoin and gasless transactions.

The importance of standardization in the blockchain industry was emphasized, with discussions on how to advise the building of compatible systems across different chains.

The growth of the dmail application on the Internet Computer, reaching 8 million unique users and 1.5 million monthly active users, highlights the potential for real-world impact.

The Ethereum community's welcoming approach to new projects and technologies, including the Internet Computer, fosters collaboration and innovation.

The shift in the blockchain industry from focusing solely on decentralization to embracing a variety of blockchain features that Web 2 cannot offer.

The potential for Bitcoin to serve as a long-lasting database, as demonstrated by Ashling inscribing her wedding anniversary into Bitcoin.

The emergence of decentralized AI and the potential for blockchain to revolutionize the AI industry by offering new innovative uses of the technology.

The importance of face-to-face interactions in the digital age, as exemplified by the value of meeting people from the blockchain community in person.

The maturity of the blockchain industry, with projects focusing on real-world use cases and building products that cannot be created on traditional web platforms.

The potential for Bitcoin to solve inheritance problems by automatically passing down wealth through smart contracts.

The excitement and energy at Eth Denver, with a focus on real innovation and a vibrant community of builders and thinkers.

The impact of the Internet Computer project and the direction it's heading, with a strong sense of community and a focus on practical applications.

Transcripts

play00:05

I'm Kyle langum and I'm joined with

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ashin Connelly how you doing Ashling

play00:09

good to be here with you oh I'm I'm

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exhausted we're a couple days into to

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eat Denver you're got to be more

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exhausted you've been here uh the whole

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week longer than a week uh how you

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feeling I have my Chapstick like

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permanently in my hand I have my water

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I'm like trying to hydrate as much as

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possible I saw some tips on Twitter last

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week before coming and I was like why do

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they care so much about ChapStick and

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now I realize I forgot my Chapstick

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yesterday my lips are really chapped I

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don't think I'm going to recover the air

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here is really dry but the Vibes are

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awesome yeah are you feeling the same

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way for sure I think it's quite a bit of

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a difference this year compared to yeah

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a few of the events last year it's been

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nice to see it so now so uh we're going

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to recap I guess in this space we're

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just going to have a conversation try to

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basically catch everyone up on what's

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going on at e Denver there's a lot of

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exciting things going on so we're

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probably going to jump topic to topic to

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topic um but I think that's probably the

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best place to start it's just uh this

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year it seems like eth Denver is

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happening there's not just eth Denver

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itself but there's so many side events

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um you know Bitcoin are showed up here

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as well there's a lot going on like the

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crypto world is in Denver right now um

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are you catching the same thing yeah for

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sure I think I mean always with these

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events the thing that I've learned is

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that the side events are where the real

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action is shouldn't say say that I mean

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of course but uh yeah it's uh like

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jumping around town to all these

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different events and then different

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things in the evening all day all night

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it's super cool like it's really cool to

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see what's going on yeah yeah well just

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starting off so you gave a talk uh

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earlier this week right multi-chain um

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focus do you want to kind of like recap

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on what uh on in terms of just chain key

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technology like give me give me give us

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some like information on like where the

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talk was held at uh and like what a high

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level overview of like what you guys

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were uh chatting about so yeah I mean

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there's been a few things going on this

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week um maybe I should introduce myself

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also like this is maybe I don't know if

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that's a good place to start yeah let's

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start at the start so I'm Ashling um I'm

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a researcher at definity and I'm leading

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a lot of the multi-chain efforts at the

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moment so I think our mission in coming

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here at least for me was very much to

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hear what is going on in this kind of

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multi-chain narrative at the moment and

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to also kind of explain to people what

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we have been doing in this uh in this

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situation so a lot of the kind of things

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that I have been going to have been

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around that focus and um like maybe just

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to kind of recap a little bit our

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multi-chain narrative and then we go

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into the events sure um like because

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maybe it gives some context I think with

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the internet computer generally a lot of

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the goal originally was to sort of

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decentralize the web and I think having

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built the infrastructure in the way that

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we did and having you know daps that can

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be hosted you know 100% on chain front

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end back end everything kind of

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decentralized and then having this

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coupled with features like https alals

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that allow you to actually communicate

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directly with the internet kind of gives

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you the situation where you sort of

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realize this decentralized verifiable

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web so we had this you know three years

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ago now almost when the network launched

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so this is great but then uh last year

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and this year we kind of focused a lot

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on integrating with other chains so with

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bit coin and with ethereum so now we can

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read and write with Bitcoin and ethereum

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in a quite trustless way we'll move on

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to other things later this year but yeah

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so now we have a lot that we can kind of

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talk around the internet very in a nice

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decentralized way we can talk to bitcoin

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and ethereum in a nice decentralized way

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so the question is now a bit like how

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can we package all of this together to

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make like a super beautiful sort of

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developer experience where people can

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build dos that kind of cross like all of

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the internet all of the block chains

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this kind of stuff and so I mean in

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trying to think about how to get people

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on board with these ideas because it's a

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lot of stuff like it's a lot of stuff

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and um you know the fact that it's

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actually there and usable now is kind of

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a new idea to a lot of people and so I

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guess for me like a huge part of this is

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education so explaining to people what

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this is actually how it works where the

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ideas came from why it's actually

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decentralized why we can make these

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claims about trustless why we can make

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claims of you know decentralized

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communication this kind of stuff and so

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one of the first events that I actually

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I think the first day that I arrived was

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um an event organized by ICP hubs at the

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University of Colorado and Denver okay

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um where I gave a talk about cheny

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cryptography generally basically on the

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IC how how do threshold signatures work

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why does this give us the kind of

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guarantees that we claim why does did

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not just give us only signatures but so

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much more like all this kind of

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verifiable Randomness a lot of the um

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yeah like the features like vet Keys

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coming up a lot of the Integrations like

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talking to bitcoin signing on E signing

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on salana maybe later this year this

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kind of stuff so that was really for me

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the kind of it was a very nice way to

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land actually like arriving in Denver

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going back to school and like sitting in

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a classroom with people and it was super

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nice like they were uh it was very

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engaged and more than I expected

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actually um there were a lot of great

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questions and a lot of people asking ah

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is this like that and is this like you

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know so people actually have a pretty

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good understanding of what is going on

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in crypto and they kind of start to be

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able to reason about what is yeah what

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are the similarities and the differences

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between different things and I think

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this is really the start of like actual

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understanding in the industry it's very

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cool I think that's probably like that

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is how I would describe so far eth

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Denver is people having that aha moment

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around the internet computer like across

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the industry I think we'll probably

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touch on some other points I do have a

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question do they call you Professor when

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you're in the classroom no not Professor

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no not Professor someone was joking and

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saying like should we call you Ash or

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like Ashling or like Dr Connelly and I

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was like I don't know you can call me my

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dgen names if you know

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that what about um so like the the

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students were they mostly uh you know

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develop

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students like actual students at the

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college like what was the audience of

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the the talk it was mostly developer

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focused I think um yeah like they were

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students also some of them actually

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studying cryptography some of them just

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developers that came along for the event

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um but yeah it was kind of developer

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focused I guess the ones that know more

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about infrastructure and things like

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this rather than just applications I see

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I see cool so that was Tuesday yeah and

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then Wednesday uh e Denver the the main

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event had an open Jets I'm trying to

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even remember back what we did on

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Wednesday I think I was flying in um

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what were I like were you the party I

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can't really remember what we were doing

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on

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Wednesday I can see on your face that

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you don't remember it's been a long week

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it's like the days just all kind of blur

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into one yeah yeah then uh I know on

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Thursday the no on Thursday there was um

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yeah there were I met actually a lot of

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so yeah I went around to various

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different side events on on Wednesday um

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I think most mostly there was some stuff

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around the chain abstraction and yeah

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there some privacy events as well so

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these were the ones that I went to a lot

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as well also talking about threshold

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stuff threshold signatures and how we

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can use them nicely and yeah met a lot

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of cool people good good I mean it's

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definitely chain abstraction is the

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chain abstraction or account abstraction

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depending on who you're talking those

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are like the themes of e Denver this

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year um at least it seems like and and

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it's kind of funny cuz I feel like every

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ation I have with somebody it's like

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well this team is going to do this you

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know in 6 months and you know it always

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comes back around to like well I know

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but we're kind of doing that already on

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the internet computer like we we have

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the eth integration now so uh we're

play08:13

we're already there um have you found

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similar yeah so I mean one of the kind

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of nicest surprises for me was I mean

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the reaction to this multi-chain

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narrative like I was at another event I

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think on Thursday um this open

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information house it's a super nice

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initiative um like you can check them

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out on Twitter I guess but uh yeah they

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had an event that's actually running

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three days and it was super nice and

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like the they had really a lot of great

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talks and panels but uh I was on a panel

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just kind of debating a bit why open why

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do we need open information and there I

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kind of introduced myself as kind of

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somebody working on multi-chain at uh

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definity and at the internet computer

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and like the response was like yes you

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guys are doing this and we were were

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like yeah of course like uh how how have

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you not seen this um but yeah like they

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there was a lot of interest like a

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surprising amount of interest um and so

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yeah a lot of people are thinking about

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building a lot of stuff and kind of

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looking for tools and looking for

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infrastructure I was like man guys you

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are a little bit behind like I mean some

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of the projects building on ICP at the

play09:23

moment kind of already are using these

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tools and are like integrating them and

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so I think especially around Bitcoin

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defy and I mean Bitcoin is getting a lot

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of attention as well this is where we

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kind of can shine very well and I think

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the projects that are building on IC

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already have quite a head start and so

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it was kind of cool to see uh the

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reaction from some of the builders here

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like ah we we need to get on this yeah I

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I spent Thursday so the main event

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started on Thursday but I spent Thursday

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at Bitcoin Renaissance uh which was I

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know 10 minutes down the street

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um they did a phenomenal job uh there's

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probably like a thousand bitcoiners

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there they're there to talk about l2s

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and uh you know EVMS uh that you know

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like root stock that talk uh talk with

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Bitcoin um and but that the general

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thing was there's there's two there was

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like two classes of projects there was

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those who had been building for like the

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last five years right so like the root

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stock is a great example Stacks was

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there um and they're kind of like

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they're trying to their Vibe was very

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much like what is our place in this new

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like this Bitcoin economy just blew up

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in the last four months and they're

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trying to figure out okay like how do we

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how do we position ourselves because

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it's evolved in the last four months it

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is evolved more than it had the last

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five years um and then you have all the

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new players who are coming in and saying

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you know we're going to have an evm uh

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for Bitcoin in you know a year from now

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or here's our three-phase plan you know

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to build you know uh like um build on

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bitcoin Bob is uh um uh a big project

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that's going on and they presented their

play11:02

three their three-phase plan and and you

play11:04

get this feeling where like guys the

play11:05

time is now like yeah Bitcoin is now and

play11:08

if you're not building now if you're not

play11:10

deployed now you're missing your window

play11:13

um so that was really cool to see I ran

play11:15

into Bob Bley uh and that I I love Bob

play11:19

uh I make no no uh no no secret of that

play11:22

and it was really cool to see um like

play11:25

Bob in his element like he's always been

play11:27

ICP but he has uh become a huge

play11:30

technical voice in Bitcoin so just as he

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and I are talking it's just person after

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person coming up like hey Bob you know

play11:36

just wanted to like say and and I won't

play11:39

name drop but there some pretty big

play11:40

names in Bitcoin that were coming up to

play11:42

Bob to say thank you um but I I just

play11:45

kind of felt like yeah I mean we've got

play11:47

a head start because we had the

play11:49

integration uh you know definity

play11:51

definitely had the forward thinking to

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do the integration at a time when nobody

play11:55

was talking about building on bitcoin

play11:56

for the most part um and I think already

play11:58

that that shines in the sense that we're

play12:00

not talking about we're not making a

play12:02

pivot to bitcoin we've been there for a

play12:05

year there's already projects that are

play12:07

deploying um I don't know if uh you know

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you definity wasn't there as like a

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sponsor or anything so we maybe we

play12:14

didn't get the chance to kind of

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highlight everything that was going on

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but there's like CK BTC is um the

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fastest growing uh um synthetic Bitcoin

play12:24

you know whatever that class would be

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it's already the seventh largest in uh

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cross chain TBL um on defi Lama um you

play12:32

can see cbtc transactions have like

play12:34

tripled in the last 30 days uh volume

play12:37

has tripled like it's just actually no

play12:39

I'm sorry it's actually it's 600% in the

play12:41

last three months is um the transaction

play12:44

so um you can kind of get this feeling

play12:46

of like yeah we've got the momentum

play12:48

behind us we're not we're not waiting

play12:50

for you know for the integration to to

play12:52

get there and then we'll start building

play12:54

and you know that stuff like we already

play12:56

have that momentum going in um and there

play12:58

were a few people who who kind of know

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I'm you know I had my definity shirt on

play13:01

and there were a few people who were

play13:02

like you got to explain ICP like I'm a

play13:05

bitcoiner like i' I've lived in the

play13:07

stacks world my whole life I keep

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hearing ICP can you just kind of give me

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like the tldr like why what are you guys

play13:14

doing that's different so we there's

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there's some traction there that that

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was really cool to see I felt like a

play13:19

little celebrity with my definity shirt

play13:20

on like oh you guys are approaching me

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um so anyways yeah theit the Bitcoin uh

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um now they may be oversold they were

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saying they painted the town orange you

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go to the Bitcoin Renaissance and then I

play13:32

went from there to the main event e

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Denver is purple yeah and everything's

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purple and I was like yeah there's

play13:38

there's orders of magnitude more people

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more uh um activities going on at the E

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Denver uh at the on the ethereum side of

play13:45

things but it was still it still really

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cool to see so um I think uh yeah like

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something to note there as well I mean I

play13:52

don't want to drag it too much in the I

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mean sometimes we we drag it too much in

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the technical Direction but like

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one of the things that I think is truly

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special about our Bitcoin integration is

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exactly that it has been done for a

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while it is a bit battle tested it has

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gone through like Security reviews and

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like and it you know like it's it's good

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like it's good to go there's no

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like question marks or like holding your

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breath to see what happens because I

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think like from Bitcoin friends of mine

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I think you know like maybe one of the

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reasons why development on bitcoin did

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not take off so much is because the

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Bitcoin Maxis don't necessarily want

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that you know and like um even if they

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do want it they also want it to be like

play14:41

super secure and like uh if you have

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Bridges and if you have whatever sort of

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protocols that are not necessarily

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threshold ised or not necessarily like

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super secure cryptographically or

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security tested or whatever they're just

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not going to touch it like and so yeah I

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think this is I mean for me one of the

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things that I found whenever I talk to

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bitcoin people is that I say like hey

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look you can have this in a like

play15:06

non-custodial way you don't you can get

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off your centralized exchanges you don't

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have to manage your own Keys even but

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like you know you do have this kind of

play15:15

trustless solution so I mean this I

play15:17

think is a huge benefit that we have

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over others because to build this I mean

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it took us a while MH um but yeah it was

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this kind of very forward looking thing

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so I mean we're quite yeah it's it's a

play15:30

good time to be here yeah well you like

play15:32

you mentioned um the and that was one of

play15:35

the things is as people approach um you

play15:38

want flexibility right somebody comes up

play15:39

and they're Maxi and they're like no I

play15:41

don't want I don't want their I don't

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want like a bridge solution like like

play15:45

don't sell me a bridge solution and you

play15:47

can flush that out really easily and

play15:49

then you easily just have the

play15:50

conversation of like look there's a

play15:51

Bitcoin node running and if you want to

play15:53

write directly like if you want to have

play15:54

a smart contract that writes um that

play15:56

signs transactions on the Bitcoin Ledger

play15:58

you know here you go you you can do it

play16:00

yeah and then you have other people who

play16:01

are like the security model doesn't

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really I don't I'm not so worried about

play16:04

that I'm more interested in like you

play16:06

know XYZ like scalability cost yeah yeah

play16:11

like they have their own thing and

play16:12

you're like well you know um you've got

play16:14

CK BTC as a as a decent solution or you

play16:16

know if you do want to um wait for your

play16:19

six confirmations on The Ledger you have

play16:21

the uh Native like we there's

play16:23

flexibility there for people like it's

play16:25

kind of nice cuz you feel like you're

play16:26

not trying to sell them you you can meet

play16:28

them where they're at as you're talking

play16:29

to whether it's a Bitcoin or it's any

play16:31

other person and you're like well you

play16:33

know what's important to you and

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actually our solution um fits in there

play16:37

pretty well so um I think you know I

play16:40

don't know I I think the the Bitcoin

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side of things here at eat Denver was

play16:44

was pretty exciting to watch um there's

play16:47

a there is a lot of innovation going on

play16:49

there and like incredible amount of

play16:50

excitement the fact that they got a

play16:51

thousand bitcoiners to fly out to Denver

play16:54

um and go to this one day event is

play16:55

pretty impressive Conference during an

play16:57

eth conference yeah um um so yeah so it

play17:00

was uh and and not only that um actually

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like um there's a couple prominent

play17:05

Bitcoin bitcoiners who are at the eth

play17:07

conference um you know I know uh munib

play17:10

Ali was tweeting that he didn't get

play17:12

quite the warmest welcome um at eth

play17:14

Denver but there's still it's still

play17:16

you're starting to see a little bit more

play17:18

of that like cross-pollination between

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the two chains and maybe maybe we're

play17:22

starting to see the early signs of uh

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for sure I mean also I mean okay the eth

play17:27

people are usually less uh ta than the

play17:29

Bitcoin people but like a lot of eth

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like projects that are based kind of

play17:33

around the eth ecosystem are also really

play17:35

asking a lot of questions about Bitcoin

play17:37

now yeah and because I

play17:39

mean they have a lot of experience in

play17:42

building decentralized infrastructure

play17:45

and applications and it's like well

play17:47

surely we should be able to do this with

play17:49

Bitcoin as well like we are the kind of

play17:50

pioneers in this space so why not um

play17:54

yeah engage with Bitcoin as well and so

play17:56

this has also been a super nice um

play17:59

talking point I think at our booth like

play18:01

um so yeah we can also like you can do

play18:04

your eat stuff but you can also now do

play18:06

your Bitcoin stuff yeah on the IC yeah

play18:10

and obviously if you're if you've got an

play18:12

app and you're want extra liquidity

play18:15

bitcoin's got a trillion dollars in

play18:17

liquidity if you want you know brand

play18:19

cach a Bitcoin you know when I talk to

play18:22

my mom and I say she doesn't know what

play18:24

ethereum is she doesn't know what crypto

play18:25

is but if I say Bitcoin she's like oh

play18:27

yeah actually now I know what you're

play18:28

talking about and I think that

play18:30

there's you know entrepreneurs who are

play18:32

like actually I wouldn't mind tapping

play18:33

into that brand recognition or that

play18:35

liquidity or that you know a really

play18:37

robust user community that Bitcoin has

play18:39

so so a lot more cross-pollination there

play18:42

um you had the chance to sit down with

play18:44

with a few people from the ecosystem at

play18:46

the booth right yeah I think mostly um

play18:50

it was cool like it's uh like the

play18:52

activity at the booth is pretty nice

play18:54

pretty interesting um a lot of questions

play18:57

about generally this multi narrative

play18:59

like so what is CK e what is CK BTC what

play19:03

does it mean to have gasless

play19:04

transactions all this kind of stuff so

play19:06

this is a lot of the uh conversation but

play19:09

I think yesterday I think one of the

play19:10

most interesting conversations I had

play19:12

yesterday was actually with Austin um

play19:16

one of the ecosystem members father

play19:18

father father oh gosh now now my the

play19:22

lips are so dry it's Austin's last name

play19:24

is too hard to say with dry lips aat

play19:26

this is

play19:27

the so this is how I know him but um it

play19:30

was super nice to talk to him actually

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because he's working a lot with um IC

play19:34

devs I think on

play19:36

standardization and like when I talk to

play19:39

let's say friends of mine from the

play19:40

ethereum ecosystem or generally anyone

play19:43

who's building kind of new tech stuff

play19:46

and you try to see like what are the

play19:48

problems that you face it's always like

play19:50

a lack of clarity about what to do and

play19:53

like the thing is like you want to build

play19:56

fast and you want to build stuff that

play19:59

you know you know will change but at the

play20:02

same time you don't want to just build

play20:04

random randomly so having some sort of

play20:07

design patterns having some sort of kind

play20:10

of Frameworks that you know you could

play20:14

kind of build into so that like at least

play20:17

some of the moving parts are removed and

play20:19

so like having some sort of

play20:22

standardization process like having some

play20:24

standards for tokens for different types

play20:26

of apps and like when you start thinking

play20:28

about this in a cross chain World it

play20:31

becomes very messy and so I think with

play20:34

Austin a lot of the conversation was

play20:35

about standardization and like how can

play20:39

we advise things to be built so that

play20:43

like we're all kind of speaking the same

play20:44

language um so that not everything has

play20:47

to not everything is built from scratch

play20:49

basically um not everything is yeah

play20:52

incompatible with each other um so yeah

play20:55

like all of this I think is super

play20:58

interesting and I think he's doing a lot

play21:00

of work on this so I was super glad to

play21:02

hear that because it really needs to

play21:04

happen that's awesome yeah I was able to

play21:07

have a beer with him last night and he's

play21:09

I mean he's just uh well I didn't ask

play21:12

how much we could share of what he's up

play21:14

to but he's got he's got some plans um

play21:16

uh that are pretty interesting and I'll

play21:18

let him tell that story but that that

play21:20

definitely you know that actually kind

play21:21

of brings up um I hadn't really realized

play21:24

this but I walking around the conference

play21:28

I

play21:29

like the story The Narrative the um the

play21:33

the direction that the industry is going

play21:35

is like so much different than it was

play21:36

just two years ago and you're absolutely

play21:38

right it does have this kind of chaotic

play21:39

feel of like well what is important out

play21:42

of all of this and what is how should

play21:44

like you know think about some of these

play21:45

multi-chain stuff and like how should I

play21:47

compre like how should I frame this

play21:48

within my own mental framework because

play21:50

it's it's not just like I want to be

play21:52

able to swap tokens back and forth like

play21:53

people are starting to talk about like

play21:56

like serious like this more morning I

play21:58

was talking with uh two guys from two

play22:00

different companies uh and both

play22:02

companies are are um working on debit

play22:05

cards physical debit cards that pay in

play22:07

stable coin um and just the the you know

play22:11

just talking with them and they said

play22:12

actually gas is kind of a problem

play22:14

because uh you know with a debit card

play22:17

you want you want certainty in the in

play22:19

the transaction fees and gas kind of

play22:21

makes that a little bit more challenging

play22:23

um so it's just kind of interesting here

play22:25

and like I was like oh yeah actually I

play22:26

never thought about I always think of

play22:28

our gas lessness as like a developer

play22:30

like a or a user experience um but

play22:31

there's actually business uh

play22:34

implications as well so there's all this

play22:36

weird thinking about like hey how how

play22:37

should we think in this new paradigm of

play22:40

uh you know multi-chain for me this is

play22:43

like super interesting like this is my

play22:46

favorite part where you really get me

play22:48

like on fire because like and it's not

play22:52

so much talked about because it's hard

play22:53

like it's hard to think it's a bit more

play22:55

futur looking this sort of thing like

play22:58

you know know I think a lot of the

play23:00

conversations maybe this goes a bit off

play23:02

Top This is a bit of a tangential

play23:04

conversation now but I think a lot of

play23:06

the topics that people discuss are very

play23:08

kind of shortterm it's like we're

play23:10

building now we're trying to like do

play23:12

stuff it's like let's just play around

play23:14

see how it goes see what catches let's

play23:17

see what actually makes money see what

play23:19

pumps we follow this we follow that we

play23:21

ditch this we move on whatever like you

play23:23

know this kind of

play23:25

stuff um and like I think this is really

play23:29

most of the narrative at the moment and

play23:31

like there's kind of these short-term

play23:33

trends that kind of um come and go some

play23:35

of them stick like now for example pass

play23:38

Keys is one everyone starts to realize

play23:40

that pass Keys is like a hot thing right

play23:42

now an NPC wallets and it's like okay

play23:44

this one will probably stick around but

play23:46

like everyone right now is talking about

play23:48

NPC and pasis this is one thing but like

play23:51

for me these are the things like okay

play23:54

we've been doing this all along this is

play23:55

like a normal part of the tech stack for

play23:57

us but for me like the interesting thing

play24:00

is like yeah when this thing actually

play24:02

takes off like when the industry is

play24:05

because it's clear it's going to now

play24:07

like I think 2015 if you still had a

play24:09

question mark over whether the industry

play24:11

would survive or not is okay but like

play24:13

it's 20 it's 10 years later now

play24:15

basically and it's like the industry is

play24:17

here like it's staying so like how is

play24:20

the world going to look when we're all

play24:22

using blockchains so and what does this

play24:24

mean like you think about your

play24:26

day-to-day life I get up in the morning

play24:27

I make a c coffee I take a shower I go

play24:30

on the train to work and you know I I

play24:33

pay for yeah my stuff in the grocery

play24:35

store I use my laptop at my desk I use

play24:38

this and and it's like okay so where is

play24:40

blockchain going to fit in all of this

play24:42

and so like blockchain does payments it

play24:44

does computation it does whatever so

play24:46

like is my debit card exactly this thing

play24:48

like is my debit card going to like come

play24:52

from my bank account or from my crypto

play24:54

account or where is this going to be

play24:56

settled who's going to pay G ask like

play24:59

what are the transaction fees going to

play25:00

be like what is the speed going to be

play25:02

like how would you like it to look all

play25:05

this kind of stuff and the same when I

play25:06

open my laptop I normally Google this

play25:09

and that and I go on Gmail and I go like

play25:12

I look at my centralized uh stuff I chat

play25:16

on WhatsApp and I use slack and it's

play25:18

like is this going to be the case like

play25:20

will I use open chat or will I use

play25:22

something else and um yeah how is it

play25:26

going to be in the future in like

play25:27

daytoday life I need to vote for

play25:29

government stuff I need to vote for my

play25:32

local football team how they should do

play25:35

whatever you know like um I need to

play25:38

participate in society how is this going

play25:40

to be am I going to be a member of dows

play25:43

that are not just some weird DG playing

play25:45

with nfts and whatever like is my town

play25:49

going to be a little da of its own that

play25:52

makes decisions and yeah so I think for

play25:55

me this is the like super interesting

play25:58

conversation that's had only by a few

play26:02

people like there are some events where

play26:04

they really dig into these things here M

play26:07

and like let's say at other like other

play26:09

uh conferences like there's always one

play26:11

or two events where you find these what

play26:13

I think are like the real conversations

play26:15

it's like okay we're going to build a

play26:18

world

play26:19

where I mean we want control over I mean

play26:23

at first it was control over your

play26:25

financials and then it was control over

play26:26

your digital assets and now it's control

play26:28

over your whole digital stuff which is

play26:30

very much part of your day-to-day life

play26:32

so how can we integrate those things and

play26:35

how can we get around the annoying stuff

play26:38

about crypto like gas or like um this

play26:42

kind of lack of interoperability between

play26:44

all the stuff and yeah so for me this is

play26:47

the like yeah real this is real talk

play26:50

yeah I you know like you mentioned like

play26:52

the the towns the Dow towns like last

play26:55

night uh we were at a party and uh I met

play26:58

I'm trying to remember the city that

play26:59

they're from but there it was guys from

play27:01

City da um so City da is a well-known

play27:04

Dow that has bought land in I think it's

play27:06

Wyoming and um the Dow itself owns that

play27:09

land and they mentioned that and I said

play27:11

oh you know so I started talking about

play27:12

that part of City da that I knew and

play27:14

they said oh no no no no this is a

play27:16

different site and a different like a

play27:18

subsidiary Dow and it was just like that

play27:20

moment of like oh this is spreading like

play27:23

like and but you kind of hear that um

play27:25

you know I mentioned the debit card you

play27:26

know they were already talking about

play27:28

like look they we're running a like

play27:30

they're talking about running a business

play27:31

and they're like it's not like it's not

play27:34

that we go to the merchants and we say

play27:36

hey instead of paying Visa 2 and a half%

play27:38

you can pay us 1% I said no the the the

play27:41

business model is you have to get the

play27:42

users the merchants want whatever the

play27:44

users have exactly and you have to get

play27:46

somebody to swap out their credit card

play27:48

in their wallet or their purse you have

play27:49

to have them take out their credit card

play27:50

and then put this debit card in the

play27:52

place and they said that's a hard

play27:53

problem but crypto you know cry crypto

play27:57

can solve that we can do Point systems

play27:59

you know like your credit card points we

play28:00

can do that in a much better way we can

play28:02

like incorporate nfts into this like we

play28:04

can actually make this like a better

play28:05

user experience for the users that's how

play28:08

we're going to on board the users and

play28:09

then the merchants will follow you know

play28:11

the merchants will go wherever the users

play28:12

are and you get the sense that you're

play28:13

like oh we're actually going from that

play28:15

messar around stage to the like actual

play28:18

people building real companies that are

play28:20

actually thinking about it from like a

play28:21

market penetration perspective uh and so

play28:24

it's just kind of really cool to to to

play28:27

watch and and and see them explore you

play28:29

see I mean even just maybe I always kind

play28:33

of end up with you maybe I shouldn't be

play28:34

saying this I love that you look over at

play28:36

like the people who might be able to say

play28:37

hey let's cut the mics off no but even

play28:40

the people you see like I mean there are

play28:42

people that you you've known from this

play28:45

scene for years like and you see them

play28:49

maturing and them growing up and them

play28:51

being the sort of leaders of the field

play28:53

now or of the industry basically and

play28:56

actually forming the companies and

play28:57

asking the hard questions and doing the

play28:59

hard work that actually brings this

play29:01

stuff to reality rather than just this

play29:03

kind of playing around like testing this

play29:05

and that and and like actually creating

play29:08

a vision and building towards it and

play29:10

it's really cool to see like that people

play29:13

who started off as like these DJ crypto

play29:15

kids now become the kind of serious

play29:20

investors like um maybe it's uh silly to

play29:23

say this but it's cool to see it

play29:24

maturing for for sure oh yeah I had I

play29:27

had a chance to interview um Dan from

play29:30

dmail well I guess meet meet Dan from

play29:31

dmail the CEO of um of dmail but also

play29:35

chance to kind of interview him at the

play29:36

booth and and get some content that way

play29:38

um and he said a few things that I was

play29:39

like just to like back up your point of

play29:41

like that app uh so they built I mean

play29:44

they they there's a bunch of story lines

play29:46

there like they built on the internet

play29:47

computer and then expanded um

play29:49

multi-chain and that allowed them to to

play29:51

scale their user base uh incredibly um

play29:54

he mentioned a couple stats it was 8

play29:56

million they've had 8 million unique

play29:58

users uh and they've been only around

play30:00

for two and a half years he said and 1

play30:03

and a half million of them are monthly

play30:04

active users and so you're like that's

play30:06

pretty good retention you know 8 million

play30:08

people have signed up one and a half

play30:10

million are still using the app on a

play30:12

routine basis um and then also those

play30:15

kind of numbers like one and a half

play30:16

million uh um users I'm like you've got

play30:19

to be one of the biggest apps in crypto

play30:22

he said yeah we're all we're often we're

play30:23

all the time in the top 10 of dap radar

play30:25

but he said there are some apps that are

play30:27

getting you know getting better better

play30:28

metrics of that but um he uh he it was

play30:32

just a fun conversation to kind of like

play30:33

hear how their business evolved to

play30:35

multi-chain and how that basically just

play30:37

unlocked all these communities and and

play30:40

stuff and um and like what that's really

play30:42

like meant for them and um I don't know

play30:44

I was just really blown away he he uh I

play30:47

can't remember I don't think he said

play30:48

this on air but he jokingly was like you

play30:50

know I I you guys don't ever like give

play30:53

some stats on on dmail but I think we

play30:55

actually probably have the most

play30:56

canisters of of any

play30:58

on the IC and cuz we always give open

play31:00

chat the credit of that or hotnot we're

play31:02

always talking about how much Cycles

play31:04

they're burning and I was like oh you

play31:05

know actually I probably should start

play31:06

pulling up some stats I I don't think

play31:07

I've ever analyzed Dil at all charts guy

play31:10

I know well you have some work to do

play31:12

yeah yeah well that's the problem you go

play31:14

back home from this you're all energized

play31:15

and then like I got to got to look at

play31:17

the data um but yeah so it's it's just

play31:20

kind of cool to see and that's I mean

play31:21

again like dmail like they're just

play31:23

they're not out to um you know they're

play31:26

out to build an application they they've

play31:28

got uh like this awesome like two-year

play31:30

Vision in terms of like monetization and

play31:33

target audience that they're looking at

play31:35

they want to get into the Enterprise

play31:36

World um like they really are clear of

play31:38

like the value they bring to their users

play31:40

it's not a d gen app like it's not like

play31:43

they're just air they're airdrop farming

play31:45

and and doing those like quick growth

play31:48

hacks they're offering a product that

play31:50

has a specific use case in a value

play31:52

proposition and that's their like that's

play31:55

how they're going about it so you get

play31:56

this feeling of you're like okay this is

play31:58

like you're serious yeah yeah growing up

play32:01

yeah yeah just yeah that maturity which

play32:03

is which is awesome so um in terms of

play32:07

like e Denver at the main event any

play32:09

other things kind of stand out and uh I

play32:12

think like uh I hate to say it and I got

play32:16

a bit criticized for saying this too

play32:18

much but like it's the

play32:20

Vibes I mean of course there's more than

play32:22

the Vibes like we talk about the

play32:23

industry maturing and people becoming

play32:25

you know like a serious businessmen now

play32:27

and whatever but like it really is this

play32:29

nice Community Vibe like where people

play32:31

come together there's like you know like

play32:35

all the talks and all the boots and all

play32:38

the events and all the parties and all

play32:40

the chill out spaces and all the

play32:41

hackathons and all the prizes and all

play32:43

the merch and all the stuff and it's

play32:45

just like I don't know for me this is

play32:47

like the real highlight just seeing like

play32:49

who's around who's building stuff people

play32:52

are open like and it's really nice and I

play32:54

think um like for me in particular being

play32:57

here and trying to think how can

play32:59

we like we have a lot to offer like we

play33:02

talk you know we always talk about like

play33:04

the features that we have to offer other

play33:07

ecosystems and different parts of the

play33:09

industry but for me it's super nice to

play33:11

see like what can we take like I mean

play33:13

this is a relationship we're trying to

play33:15

build like it's a give and take

play33:16

relationship it's not like you know just

play33:19

pushing your own stuff on other people

play33:21

and you know rejecting everything that

play33:23

they have it's like okay what is going

play33:25

on in your community and like

play33:29

seeing how people build together how

play33:33

ideas are formed like how people

play33:36

actually then kind of productize and

play33:39

Market things and like seeing the kind

play33:41

of full flow this for me is super

play33:43

interesting to see here like seeing yeah

play33:46

just I mean there are small like um

play33:48

patterns let's say that have emerged in

play33:50

the eat ecosystem over the past well

play33:54

almost 10 years about how and again it's

play33:57

a bit of about standardization building

play33:59

stuff like having this composability and

play34:02

you know having kind of support and like

play34:05

having really strong Community like

play34:07

close close Community Vibes this is I

play34:11

think what really helped it getting

play34:13

going and it's like if we want to engage

play34:15

in this world we need to take this like

play34:18

we need to be part of this and like we

play34:19

need to yeah like facilitate this and

play34:23

otherwise I mean uh it's just not going

play34:25

to happen and like that's one of the

play34:29

nicest lessons I think uh it's like an

play34:32

absolute pleasure to learn this because

play34:34

it's such a nice thing to have to do

play34:36

yeah I have been um I shouldn't say

play34:39

pleasantly surprised but um because I

play34:41

probably should expect this more but

play34:43

there's definitely been a lot of

play34:44

projects that have approached and just

play34:45

said you know how can we how can we work

play34:48

closer with the Internet or with

play34:49

definity how can we and it's not just

play34:51

like how do we get started building on

play34:52

the internet computer it's more like hey

play34:55

like how what do you guys need from us

play34:57

yeah yeah like we wanted we wanted yeah

play34:59

what can we offer you guys to get you

play35:01

strategically interested in our in in

play35:03

our Direction um so yeah a lot of lot of

play35:06

contacts there to follow up on and um I

play35:08

don't know it's just uh uh cool to see

play35:12

because I I you kind of do get this like

play35:14

ether the ethereum ecosystem is is tends

play35:16

to think about the ethereum ecosystem

play35:19

the internet computer's not part of that

play35:21

or we've only recently become part of

play35:23

that with with our evm RPC um so it's

play35:26

kind of cool though to see like

play35:28

you know the the the definity name is

play35:30

really well known around the space the

play35:32

internet computer name is really well

play35:34

known around the space and now that

play35:35

people are hearing about um you know our

play35:37

RPC capabilities they're like oh okay

play35:39

well yeah you're come come on into this

play35:42

club and and uh and let's talk about

play35:44

like how we can work together yeah and

play35:47

it it is quite welcoming it's like okay

play35:51

come on in let's show you how this works

play35:54

like let's let us show you around town

play35:56

let's uh like if you want to if you want

play35:58

to come and play with this in this town

play36:00

basically here's what you need to know

play36:02

and for me this is like super valuable

play36:05

because this is kind of like the kind of

play36:08

information or the kind of feeling or

play36:10

the kind of I don't know you can only

play36:12

get by coming to these things like you

play36:14

can't pick this up on crypto Twitter

play36:16

like this I mean there's no

play36:18

documentation for how communities work

play36:22

you know I mean maybe there are some

play36:23

blog posts or whatever but like if you

play36:26

want to actually work with a group of

play36:29

people where is the where is the

play36:31

documentation like where is the prot you

play36:33

know right and so this is something that

play36:35

you only get by being here and for me

play36:37

this is like the real highlight of being

play36:41

at these types of events yeah yeah you

play36:43

can't um as much as we want to live

play36:45

digitally in web 3 there's still

play36:47

something to be said about being face to

play36:49

face you know and I mean the the feeling

play36:52

that you get when you've talked to

play36:53

somebody for like years online and then

play36:55

you actually meet them in person and um

play36:58

so that's actually been a really cool

play36:59

thing you know obviously anyone you know

play37:01

the ICP ecosystem you know everyone from

play37:03

our community who's been here at Eber

play37:05

they've been stopping by the the

play37:07

definity booth and you know and you're

play37:09

they're like hey you know it's me and

play37:11

I'm like I I don't I don't know and then

play37:12

they say their Twitter handle I'm like

play37:14

oh yeah we've been chatting forever like

play37:16

like this is so cool to meet you in

play37:18

person and like to put a a a physical

play37:20

body behind a picture human thing yeah

play37:25

yeah like that that's been so much fun

play37:27

um I loved uh yesterday I got to talk

play37:31

with uh some of the people from octopus

play37:33

Network so they're building omnity um

play37:36

which is really just like the case study

play37:39

for multi-chain in my opinion like what

play37:41

they're building is just basically the

play37:43

the the the vision for what we want

play37:45

multi-chain of like real seamless

play37:48

experience across the web3 landscape um

play37:51

they put out a tweet earlier on uh I

play37:53

think yesterday that that um I'd

play37:55

recommend everyone go ahead and find um

play37:57

actually I think you can see octopus

play37:58

Network in the uh they're in the space

play38:00

so hello um yeah yeah so everyone check

play38:03

out their Twitter handle they they've

play38:04

got a tweet in there that does a real

play38:06

great job of going in depth of why super

play38:09

yeah and so it just is again going into

play38:11

that like the the theme of this

play38:13

conference is definitely multi-chain

play38:14

it's going under some different it

play38:16

depends on who you talk to they'll say

play38:17

multi-chain I've heard Omni chain

play38:19

mentioned a lot um cross chain cross

play38:22

chain

play38:23

inability yeah chain abstraction account

play38:26

account abstraction which is like I

play38:27

guess like just a subset um probably um

play38:30

I've seen that the other theme I've seen

play38:32

also is monolithic uh everyone in the

play38:34

ethereum community is like monolithic

play38:36

like we want just one Tech stack are

play38:38

they're moving away no I think like I

play38:40

also see like that they're moving away

play38:42

to this module like they're moving away

play38:43

from this monolithic infrastructure to

play38:45

this modular infrastructure where I can

play38:47

take pieces of this execution

play38:50

environment I can take pieces of Solana

play38:52

or near I can take pieces of ICP I can

play38:54

take pieces of like Celestia data

play38:56

availability I can take I can take my

play38:59

consensus from here my execution from

play39:01

there my settlement here and uh so I

play39:04

think this is also a huge narrative that

play39:06

I've seen as well but yeah it's really I

play39:09

mean if you're a developer that's really

play39:10

what you want you you want to use the

play39:12

tools you already know you don't want

play39:13

have to learn a whole bunch of new tools

play39:15

um and you also just want it like you

play39:17

don't want complexity cuz if you're

play39:19

already trying to if you're already

play39:20

trying to push the envelope on Tech uh

play39:22

and then you add complexity into that

play39:24

you're just going to be beating your

play39:25

head against a wall like over over and

play39:27

over again so yeah it's uh and I mean

play39:30

all these different parts have different

play39:33

pros and cons and maybe in different

play39:35

situations and different types of apps

play39:37

some of them are more or less relevant

play39:39

and so I think having this sort of

play39:41

flexibility to choose the bits and

play39:43

pieces that you want from the different

play39:45

uh layers of the stock this is this is

play39:47

great yeah you know um another topic

play39:50

that's been really interesting and I

play39:52

think you know everyone tries to time

play39:54

their their news releases around eth

play39:57

they want they want the conference

play39:58

everyone talking about it um obviously

play40:00

you mentioned Pass Key already with

play40:01

coinbase coming out with their Pass Key

play40:03

option um R we have also had their AO

play40:07

announcement um and I've had a few

play40:08

people approach and say hey we saw you

play40:11

know we heard about AO or we saw the

play40:13

press release and I just want to see

play40:14

what's what's different between what

play40:15

they're trying to do and what you guys

play40:17

are already doing and I just I mean I

play40:19

answer like well it's not it's not our

play40:21

job to tell to tell why they're

play40:23

different than us like we we you know

play40:26

we've been here like

play40:28

go ask them like they're here their

play40:29

Booth is just around the corner go talk

play40:31

to them and find out like what what the

play40:32

difference is um so I have kind of felt

play40:34

like that little bit of vindication of

play40:36

like you know we we have been ahead of

play40:40

the curve uh and and really you know

play40:42

people don't want to say it but we're

play40:44

kind of trend setting and and there

play40:46

other projects are looking to what we're

play40:48

doing and being like Oh that's a great

play40:49

idea let's let's go ahead and go down

play40:50

that road so I've heard people start

play40:52

talking about like Hey we're going to

play40:53

try to do a native Bitcoin integration U

play40:56

that was been brought a few times um

play40:59

it's and it's it's one of those things

play41:01

um like in my opinion it uh and I think

play41:03

this has been borne out time and time

play41:05

again when you're the only one doing it

play41:07

uh it doesn't it it's not it's not as

play41:10

interesting as when other people do it

play41:12

so for example like Bitcoin integration

play41:14

is a great example of um you know we did

play41:17

it and then all of a sudden ordinals uh

play41:19

kind of kicks off this new interest in

play41:22

it and and that only helps us it it's

play41:25

not a like you know Stacks but they're

play41:26

not release is not um it doesn't hurt us

play41:29

that actually brings more awareness of

play41:31

of our Bitcoin integration and both both

play41:34

projects can benefit from it and you're

play41:35

seeing it with um R weave AO as well

play41:38

bringing this idea of you know storage

play41:40

and compute in in a single platform is

play41:43

very powerful and it's like yeah that's

play41:45

that's right and so the more the merrier

play41:47

because like that just brings more and

play41:49

more validation to um you know the the

play41:52

tech act that we've built and it brings

play41:54

just more awareness of of what we've

play41:55

done so it's been really fun to watch

play41:57

that happen as well yeah it's

play41:59

interesting actually um yeah to see it I

play42:02

think validation is a nice thing because

play42:04

I think at the you know like earlier on

play42:07

in the kind of blockchain industry you

play42:09

know

play42:11

decentralization was God like this not

play42:13

even decentralization but like numbers

play42:15

like big numbers like uh huge amounts of

play42:18

validators or huge amounts of

play42:20

replication at least you had to have a

play42:22

high Nakamoto I mean yeah like I mean

play42:25

not that many people achieve a very high

play42:27

Nakamoto coefficient but like at least

play42:29

uh having numbers of replication uh

play42:32

somehow was good and now it's like okay

play42:36

well actually I mean if we do want to

play42:39

use these things and if we do want to

play42:42

have them in reality like having you

play42:44

know I mean other things are needed and

play42:47

it's cool to see that the kind of design

play42:49

decisions that were made in the internet

play42:51

computer in the early days are kind of

play42:53

now

play42:54

being um realized and accepted and maybe

play42:59

even mimicked or whatever so it's really

play43:01

cool to see uh it's yeah it's so like

play43:05

you mentioned like the decentralization

play43:06

that's a great example of what you're

play43:08

talking about with maturity in the sense

play43:09

of it was almost like we as an industry

play43:12

we wanted decentralization because we

play43:14

felt like that was all we offered the

play43:16

world like that was our value

play43:17

proposition and so the the more

play43:19

decentralization the better and we had

play43:21

to that's all we had to offer but now

play43:23

you're starting to hear all these like

play43:24

like decentralization is only a tool

play43:26

right it like if you need to build a

play43:28

product that needs decentralization then

play43:31

it's an important tool but if your

play43:32

product doesn't require a lot of

play43:34

decentralization then sometimes that

play43:36

replication Factor can slow you down and

play43:38

and hurt your user interface like

play43:39

there's other aspects to blockchain that

play43:41

um that have now started to rise and

play43:43

people starting to see like okay like

play43:45

it's not all just about having a

play43:47

decentralized version of something that

play43:48

already exists it's actually more about

play43:50

using this Tex act for you're so right

play43:53

cuz I remember like when I was doing my

play43:56

PhD so I studied cryptography and like

play43:59

at the time blockchain is like obviously

play44:02

super interesting to a cryptographer but

play44:04

at the same time they were like but why

play44:06

like why why do this okay it's

play44:08

interesting sure but why does anybody

play44:12

need this and like is this going to last

play44:14

and like you know why not just use a

play44:16

database like why not just why do you

play44:19

need a distributed Ledger why not just

play44:20

use a database and why not just use like

play44:24

there was there were other ways to do

play44:26

sort of decentralized payments where you

play44:28

didn't need like a full blockchain or

play44:30

whatever it's was like why not just use

play44:31

these simpler things whereas now it's

play44:34

like okay we've gone beyond like and it

play44:37

was always the question about what's the

play44:39

real use case here like when when

play44:41

someone comes up with a real use case

play44:43

then I'll care about blockchain this is

play44:44

what a lot of the like cryptographers

play44:46

were kind of saying at the time and um

play44:49

but now it's like Aha and it was also

play44:52

like also people within the blockchain

play44:54

industry kind of as you were saying like

play44:56

decent centralization was the thing that

play44:58

we could offer so like it was always

play45:00

about these were the metrics that we

play45:02

chased and the same with like um and

play45:05

like and the competition was what we now

play45:09

call Web 2 like a cloud services or what

play45:12

right and so when we talked about

play45:13

computation or speed or whatever there

play45:15

was always the comparison against oh

play45:18

it's only you know 10x more expensive

play45:21

than Amazon but you still get this you

play45:23

know you get decentralization right

play45:26

right so like these arguments were kind

play45:28

of not very compelling because it's like

play45:30

okay why do I need decentralization and

play45:33

why do I have to pay 10 times more for

play45:35

it and like no one really had the answer

play45:37

and like maybe there isn't a good answer

play45:39

to that question but now we start to see

play45:41

that with all these kind of other

play45:43

features that come around with this

play45:45

maturity it's like aha these are the

play45:48

things that Amazon cannot offer and

play45:50

these are the things that are now

play45:51

becoming so efficient that they can

play45:54

compete in price and speed with like

play45:57

traditional cloud service providers and

play45:59

like uh this is kind of one of the other

play46:02

things that a bit came out of um like a

play46:06

few of the conversations during the week

play46:08

that's kind of something that emerges as

play46:09

an idea in in the community now that

play46:12

like we we we're Beyond web 2 like we

play46:15

are actually realizing web 3 and it's

play46:17

not just about tokens or payments or

play46:20

whatever but it is like let's say the

play46:23

sort of Dow style thing like web 2 can't

play46:26

really offer you a Dow right like you

play46:28

can't really have I mean you need it's a

play46:31

decentralized system like you can't have

play46:34

this on a centralized system like it's

play46:36

just it's as simple as that but the Dow

play46:38

now is the use case for this and there's

play46:41

also things like um like this open

play46:43

information question this kind of came

play46:45

up a lot there as well like um we need

play46:49

open information because if you think

play46:51

about even I mean so many things but

play46:53

even for example AI models coming up

play46:56

like in the future if these are all run

play46:58

and closed systems I mean who knows what

play47:01

is going in who knows what is happening

play47:02

who knows what is coming out but these

play47:04

whatever it is that's coming out is

play47:06

training you is educating you is

play47:09

informing you is you know is your friend

play47:11

whatever so if this is all closed I mean

play47:14

this is just crazy so I think yeah these

play47:18

sort of use cases that emerge now and

play47:21

even something like vet keys I think

play47:23

this is are like having privacy like

play47:25

decentralized priv privacy tools yeah

play47:28

this is something that web 2 cannot

play47:30

offer either like and so for me these

play47:33

are the things that kind of web to can't

play47:35

do that we now start to see being

play47:37

realized in an efficient way yeah that's

play47:40

that's like that's the perfect framing

play47:42

right it's we've moved from an industry

play47:44

that you know we're just basically

play47:46

replicating what already existed on web

play47:48

Tu and then calling it and then being

play47:49

decentralized um to now one where we're

play47:52

like actually we're building products

play47:54

that can't be built on web too and it's

play47:56

not like a decentralized version of what

play47:58

already exists um yeah you know when

play48:00

when you mentioned AI actually I'm

play48:02

surprised there's not a lot of AI hype

play48:04

at eat Denver I don't know if you've

play48:06

heard heard I have seen some stuff but I

play48:09

talked to people who

play48:11

said that they saw a lot of cool stuff

play48:15

so I haven't seen it myself but maybe

play48:17

I'm just looking more too much at the

play48:18

multi-chain uh narrative um I have my my

play48:22

interests but uh I've heard that there's

play48:24

a lot of cool stuff and like people

play48:26

doing some serious uh decentral actually

play48:29

there are some friends of mine who have

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a small company who do like ZK ml so

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like zero knowledge machine learning

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they've been here giving some talks I

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heard of another few companies that are

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doing some like really interesting

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decentralized AI stuff as well so I

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think a lot of it is maybe it's kind of

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Starling it's like maybe at the research

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stages at the kind of prototype stages

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at the proof of concept stages mhm but

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not really um fully used and tested yet

play48:59

so it's getting there I imagine maybe

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next year you see really really a lot

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but I think from the kind of research

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perspective it's happening I see okay it

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makes sense and I mean it it's a new

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Avenue right it's a new um segment and

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just as crypto and blockchain took you

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know was given 10 years to find kind of

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that like hey instead of just copying

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the you know what already exists and and

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moving it onto this Tech stack let's

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actually find out new Innovative uses of

play49:26

the tech St AI is going to need that

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time on AI and blockchain at least right

play49:30

to to kind of evolve we do have like El

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Elna I know I was talking about them

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this morning with um uh um it was a I

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don't I don't know I don't want to say

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too many I'm not going to say names but

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it was a it was a um a a director at a

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uh for director of basically blockchain

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technology at a major US Financial

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Institute and she was saying like yeah

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I'm really disappointed and I was hoping

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AI would take off and I'm not I haven't

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seen it yet so far um although she was

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on her way to uh Ani Summit so uh maybe

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she's going to hear more about it today

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but you know so I was mentioning Elna

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and uh she was like oh wow you know an

play50:05

llm in a smart contract like is that

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possible and I was like yeah it's

play50:09

possible so like we're still at that

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like is it possible here somebody proved

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it's possible exactly and now we have to

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maybe start figuring out what's the

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what's the product from there and so um

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kudos to them I know for my I was able

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to give a talk yesterday and that was um

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that that idea of like thinking about

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blockchain as uh Technologies with

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interesting properties not just like a

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token Ledger right is kind of a key key

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part um of like look and you know pick

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and choose just like how Uber was able

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to say you know um GPS plus instant chat

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messaging Plus credit card payments

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online those three things can be

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combined to form you know to something

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that can replace taxes um that same like

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concept is like I think where people are

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starting to get to of like it's not just

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about Bitcoin transactions

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or holding holding Bitcoin it's actually

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so like here's a great example I've been

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showing people people really found this

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uh impressive and I think I might be

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giving away my million doll product idea

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here but I'm gonna say it anyways

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because I've been showing people that

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I maybe yeah maybe I I'll delete the

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Twitter space after this um but I've

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been showing people that i' I inscribed

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my wedding anniversary into Bitcoin

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right and that's just one of those

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simple things the reason I did it was

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because I believe Bitcoin is the

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database that will outlive all databases

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and now my wedding date is on bitcoin

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and so it'll outlive any other way I

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could store that that kind of that

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artifact of of my life and so um I know

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it's kind of a cool cool use case of

play51:37

thinking of the you know using Bitcoin

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as a database yeah actually I mean I

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also when I got married I also talked

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about like we should have like a wedding

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registry service on I'm sure it exists

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but like a oh like a like a web 3

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service just no I mean like some service

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to do these sort of inscriptions or to

play51:56

so yeah yeah okay so now I now there's

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two people who agree this is a good

play52:01

product uh this might be something I

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also talked to somebody else during the

play52:04

week who also thinks this is a good idea

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are they building something no okay so

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I've got a window of open yeah but

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another thing I heard about actually now

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that you say this kind of real world

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life events um another thing that I

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heard a lot this week multiple times is

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about inheritance like solving this

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inheritance problem in like uh physical

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inheritance like uh passing down wealth

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fromation like exactly like Bitcoin like

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I mean suppose you hold a lot of Bitcoin

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and you want um it to be released to

play52:33

your kids or something if something

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should happen to you um I think this is

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also like a quite nice I mean this can

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be all done

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automatically um this yeah and I think

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this is quite a nice way to have the

play52:46

smart contract I think like very early

play52:49

on in the like conversations about smart

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contracts there was a lot of like talk

play52:54

about okay they'll replace legal

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contracts s because this is what people

play52:58

knew and you compare it to what people

play52:59

know and I think now it actually starts

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to happen that people uh do start to

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replace legal contracts with these kinds

play53:06

of things but again it's because the

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industry is maturing and it is because

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we expect Bitcoin to last and it is

play53:13

because we expect it to still have value

play53:15

yeah it definitely it definitely feels

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like it has gone from the uh like let's

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just try around but really who knows if

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this industry like it's the conversation

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is very much like

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we're we're here like there's real

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Innovation going on and um I don't i'

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the vibe is just so Dynamic and vibrant

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it's it's been incredible and it it

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comes like we it was just like four

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months ago like we were in the doll

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Drums of like the toughest time in

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crypto right like the there has never

play53:46

been a harder time for developers don't

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talk about the past yeah but it doesn't

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like exist anymore like when you're here

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talking with people like it's almost

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like that memory is is long gone and and

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we're uh I don't know like how quick and

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it and I think a lot of it is that

play54:00

people kept building they kept their

play54:02

head down and now that um you know mood

play54:05

has changed uh everyone's popping their

play54:07

head up and being like by the way this

play54:09

is actually I've made these these

play54:11

advancements in that time yeah exactly

play54:13

and everyone's like wants to kind of

play54:15

show off their their awesome work during

play54:16

the during the hard times yeah it's very

play54:18

cool actually I've seen a lot of

play54:19

projects doing exactly this and I mean

play54:23

people I don't know it didn't feel like

play54:25

people disappeared from the or anything

play54:27

while while there was this kind of hard

play54:30

times yeah but uh it somehow it seems

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yeah that they pop up and it's like whoa

play54:34

you've been busy like this is so cool

play54:36

like and they have like a long list of

play54:38

stuff now to start releasing that

play54:40

everything is kind of picking up again

play54:42

right right it'll be it'll be

play54:44

interesting to see what this this event

play54:46

is like next year I think they might

play54:47

have to expand to a new new building

play54:49

I've heard rumors uh that they are and

play54:51

so I mean it there's a lot of PE I don't

play54:54

know what the numbers are but there's a

play54:55

lot of people here in Denver ready to

play54:57

talk about what they've been building

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yeah it's cool I like to see it yeah any

play55:02

uh I anything else so what has been the

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uh highlight of your week what have you

play55:07

learned what is like uh really what is

play55:10

the memory that'll stick in your mind

play55:12

forever oh gosh that's a hard question

play55:14

what what what is the memory you would

play55:16

inscribe what memory do I want to

play55:18

inscribe um I had a chance to have lunch

play55:21

with uh Bob Bley and Jordan last

play55:23

yesterday and just some of the

play55:25

conversation in term terms of like ways

play55:27

to use Bitcoin uh was was really cool um

play55:30

I got to see uh I feel like Jordan is

play55:32

like top class uh knowledge but Bob was

play55:36

Bob was kind of schooling him on some of

play55:37

the things like the two of those minds

play55:39

are going back and forth was really cool

play55:41

um but I think honestly probably my

play55:43

favorite part is just like meeting these

play55:44

meeting meeting people who I've

play55:46

interacted with online all these times

play55:48

and like meeting him in real life and

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seeing them as a like a human being and

play55:53

not a pfp and um I don't know but you

play55:57

know it's easy to kind of just you know

play55:59

live in the digital world and then you

play56:02

get out and you start seeing people and

play56:04

what's going on and you're like holy cow

play56:06

like it feels like um you know I don't I

play56:10

have a lot of like Memories Back you

play56:13

maybe many of the people who listen to

play56:15

this or watch this uh won't um won't

play56:17

know this time but like the early

play56:19

internet when is that early I mean like

play56:21

when you had AOL when you had to install

play56:23

a DSP back in my day called in with the

play56:27

modem and I remember just being like uh

play56:31

like I'd read the news online and there

play56:34

was like it was nobody was really

play56:36

putting news online you know and then I

play56:38

would uh go in a chat room and talk but

play56:40

like that was the extent of the internet

play56:42

and then and I would tell my parents

play56:44

like this thing is like really cool and

play56:45

stuff and my dad would be like well why

play56:47

would I read the news online why would I

play56:49

spend the time to log into a computer

play56:51

and takes 10 minutes to get online so I

play56:53

can read something when the newspaper's

play56:54

going to come and and just not really

play56:58

having the answers then to be like well

play56:59

no this seems like the future cuz I was

play57:01

too young but now it's gotten to where I

play57:04

feel like our industry was in that state

play57:06

maybe a couple years ago and just

play57:08

getting that feeling of like oh actually

play57:11

there's like legitimacy here and the

play57:13

world is really about to like start to

play57:15

experience it in a real way yeah that's

play57:18

cool yeah I think for me one of the kind

play57:20

of highlights someone actually I was

play57:23

just walking yesterday with a web3

play57:25

friend who know know me as my pfp

play57:27

basically and then someone stopped me

play57:29

and was like ah you're the vet Keys Girl

play57:31

and I was like yeah I'm the vet Keys

play57:34

girl um so it was really cool like that

play57:36

to see that people are paying attention

play57:38

to like the stuff that we're doing also

play57:40

it's not just um the multi-chain stuff

play57:42

but also a lot of the other tools on the

play57:44

internet comp yeah oh gosh we didn't

play57:45

even touch into like some of the other

play57:47

stuff we're doing but I know we're

play57:48

running out of time and uh I don't know

play57:51

just everyone listening this just uh

play57:53

it's a lot of excitement going on um you

play57:56

know I feel really honored to be part of

play57:58

the internet computer project and and

play58:01

and the direction we're heading in and

play58:03

um I don't just excited that I get to

play58:05

watch everyone building out these

play58:06

awesome tools uh that that uh that are

play58:09

building out real businesses so I any

play58:12

any closing words that uh no I think uh

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yeah it was very nice thanks for having

play58:16

me I think I'm excited for the year I

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think a lot of stuff is going to happen

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everyone's super bullish and uh yeah I

play58:23

think it's going to be super great year

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awesome well everyone Thanks for uh

play58:28

tuning in and uh you'll hear more from

play58:31

all the interviews and talks we do from

play58:34

E Denver but a lot of content coming out

play58:36

and and you'll hear you hear more uh

play58:38

throughout the coming weeks so take care

play58:40

thanks Ashen bye

play58:48

bye

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