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Welcome to Epicentre of the 
show, which talks about the 

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technologies, projects and 
people driving decentralization 

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and the blockchain revolution. 
Today we're here with. 

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That's all success. 
Michelman Atan have been leading

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the desktop team this year and 
I'm very, very excited to 

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welcome you at Desk tonight. 
We wanted to organise an event 

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that could give a touch and fear
experience of what Ethereum 

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could feel like in the daily 
life. 

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And again, there is no better 
place than Alcantida to do that 

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because people use crypto, 
stable coins and Ethereum on a 

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daily basis. 
In Alcantina you can see people 

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using crypto. 
We estimate that about 5 million

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people using on a daily basis 
and 20% in the country own 

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crypto. 
So you can pay with crypto and 

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everywhere in the venue with 
stable coins or ETH. 

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It is the biggest event EF ever 
organised in terms of 

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attendance. 
We've almost now reached 20,000 

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attendees. 
Hey, Nathan, what's going on? 

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Good. 
How are you? 

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Yeah, we're here at Defconnect. 
It's been a pretty insane week. 

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Lots of announcements, lots of 
sort of like new directional 

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focuses, I think, and 
narratives. 

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What's your main? 
What's your main take away from 

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this week? 
What are the things that kind of

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struck you as most interesting 
and most surprising? 

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All right, so I, I guess I'm 
biased towards the take of an 

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event organizer deep down into 
the whiz of organizing an event.

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So I've been focusing on well, 
organizing this event and make 

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it as good as possible. 
So I'm less into like I don't 

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know so much about the side 
events, even though I know there

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are like a few hundreds 
happening inside like inside 

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Buenos Aires. 
I've seen a quite a lot of 

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announcements. 
So I think there's a a lot of 

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great things happening currently
these days, right? 

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Like everyday there is a big 
announcement that I've seen 

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Polygon, I think trust lesson on
something and the privacy wallet

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by EF got released. 
I mean, there is a lot of new 

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releases, a lot of new products 
coming out. 

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So this is what I feel, but 
against again, like I'm deep 

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down into the Wizard of 
organizing dev connect, which I 

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think is a success for now. 
You tell me. 

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But but yeah, we are now more 
than halfway through and yeah, a

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few days left, but yeah. 
This episode is brought to you 

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Can you give us an idea of the 

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scale of the event? 
Because it's an absolutely 

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massive venue. 
How many people are here, how 

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many talks, what kind of 
percentage of Argentinians and 

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so on. 
OK. 

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So it is the biggest event you 
have ever organized in terms of 

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scale of what we've been doing, 
in terms of attendance, in terms

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of complexity and in terms of I 
think visibility in the country 

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and in the area in terms of 
scale of the events. 

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So we're doing within the male 
building which is very central 

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to Buenos Aires. 
We are doing 40 events in Paris.

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So we're coordinating between 40
different or even organizers 

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organizing a few events 
ourselves. 

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But most of the events are 
independently organized. 

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We also have a Co work inside 
the main venue indoor outdoor 

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and we organize the massive 
fair. 

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The return was fair where we 
have about 100 applications 

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getting showcase. 
So it's been a lot of 

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coordination with all the apps 
in creation And so we have three

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main pavilion and again a lot of
things happening. 

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So in terms of operations has 
been very big. 

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In terms of attendance, we've 
almost now reached 20,000 

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attendees, so ticket claims 2020
thousand. 

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That came through the doors here
at Defconnect, tickets claimed. 

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Yeah. 
And I think we are now more than

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6070% on day 4 of attendance. 
So yeah, that claimed the ticket

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that showed up at the venue. 
Something that that is cool is 

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that every event that is 
happening inside the venue 

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required defconnect ticket. 
So it's also like a, you have a 

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disconnect ticket as a, as a 
pass to enjoy the fair, to go to

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the fair, you enjoy the food, 
you enjoy the free spaces, you 

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go to the event. 
Some require additional sign up,

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but most of them are free. 
So it's so the disconnect ticket

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gives you things and we've been 
coordinating all the AV, the 

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production and many things for 
these events. 

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So in addition of these events 
plus plus all the world's fair 

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with applications, we also have 
like a football pitch, meeting 

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room, the same stage and many 
things happening. 

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So yeah, the the biggest today. 
Walk, walk me through the 

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decision to kind of make this a,
a world fair because kind of 

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like that's a new format, right?
Kind of like we, I mean, we've 

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had boost before and we had 
talks before and panels and so 

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on. 
But the world fair element is. 

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Is that decidedly new? 
Right. 

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So there are a few things I 
think for in terms of timing 

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journey of the ecosystem, we 
felt that showcasing more apps, 

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more applications of Ethereum 
where like this is a year where 

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we had to showcase that like 
last. 

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I think that was the main, if 
not the only criticism we got 

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out of the event that we were 
missing applications, concrete 

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stuff that people could use in 
the in their daily lives. 

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And so it of course helped us to
select, maybe we can talk about 

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this, but also this is what 
sparked the idea of the welfare,

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inspired by the 1st welfare of 
Chicago that demonstrated the 

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the use and the power of 
electricity. 

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We wanted to organize an event 
that could give a touch and fear

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experience of what Ethereum 
could feel like in the daily 

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life. 
And again, there is no better 

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place than Alcantina to do that 
because people use crypto, 

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stablecoins and Etherium on a 
daily basis. 

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So we felt again, he was a great
timing for the ecosystem because

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we now have hundreds of apps 
live on Ethereum, but also in 

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terms of yeah, in terms of 
applications ready and and also 

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in terms of doing it into 
Argentina, which is a a great 

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place to do it. 
What was some of the kind of 

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reasons why Defconnect landed 
here in Argentina? 

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So we've been scouting Argentina
for many years. 

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As a matter of fact, we almost 
organized in Argentina in 2022 

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when we scouted South America. 
We went to Bogota instead 

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because at the time we wanted to
organize DEFCON. 

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I was not part of the team at 
the time, but we wanted to 

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organize DEFCON, which is more 
like a classic programming 

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that's EF owns and the classic 
talks and workshop format. 

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And you know, we did not found 
find the venue actually there 

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was a really matter of venue 
that could fit this this style 

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of event. 
So we went with the the great 

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venue at at Bogota and we but we
visited liberal some people at 

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the EF at the time in 2020, I 
think or 21 visited this place 

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and wonder this is going to be 
one place for an event one day 

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and two days. 
I mean, this year is a is a 

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year. 
And yeah, I think it's a good 

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format for something that is 
more decentralized, more open 

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air, more of like festival each 
5. 

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And so I think this is again, 
this is what letters to do to 

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organize this kind of events. 
And compared to say, organizing,

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you know, deaf connect in, in 
Amsterdam or like in a European 

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country, we organized an event 
here. 

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And like there's a particular 
set of challenges to organizing 

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events in in a place like 
Argentina, where you're coming 

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from Europe, where, you know, 
there's language, there's 

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culture. 
I found one of the things that 

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was particularly complex was 
payments, which sort of led 

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stuff, well, to, you know, to 
doing a crypto event here. 

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What? 
What did you how did you 

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overcome those sound challenges?
So I can. 

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So Amsterdam, for the record, 
was also organized right after 

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COVID. 
So it was even possible to 

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organize it in Amsterdam 
because, well, all the venues 

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were super cheap and available. 
Like no one crazy enough was 

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going enough to organize an 
event right after COVID and it 

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was the one of the first big 
event opening. 

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And so the initial ID came out 
of of Devcon and came out of 

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COVID because we could not 
simply organize like A-57 people

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event. 
And so we decided to the team at

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the time decided to set up a, a 
Co work and signal toward the 

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place and invite other even 
organizers and teams to organize

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their own events. 
Yeah, this is how we started. 

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That was a genesis of of Dev 
connect. 

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And then there was Istanbul. 
Then there was Istanbul where we

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signal the same towards the 
city. 

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We did a bit more ourselves, 
like we had a a bigger Co work. 

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We had more events inside the 
same building. 

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We, we already had the idea of 
trying to do a bit more 

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ourselves, like having one place
where we centralized a bit more 

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of the people and people could 
go from one event to another. 

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So that was the first trial. 
And we took that to the next 

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step with a, an even bigger 
venue and running 40 events in 

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parallel and having even more 
events like outside, like 

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external parties organizing 
their own events inside the main

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building. 
But yeah, this is the main 

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spirits, the main ID we added on
top of 40 events, the World's 

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Fair, which is also very new. 
We experimented a little bit 

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with that at Devcon Bangkok 
because we had the supporter 

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spaces. 
You could walk in the hallways 

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and see the some projects. 
But now it's really about the 

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apps. 
The focus was reached to 

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showcase applications. 
You could go at the booth, try 

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and try the apps. 
And that was the idea of the, of

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the, the event. 
But yes, so the shift changed a 

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bit. 
We're also doing much more 

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ourselves in Istanbul and 
Amsterdam. 

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It was more about side events 
and inviting people to go to 

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like visit the city. 
So we, we helped like with with 

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bikes in the city, we help with 
guides and creating a map, 

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etcetera. 
This year it was really the 

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focus was on the core events, as
we call them internally, the 

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core events inside the main 
building. 

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And we we've put like a bigger 
focus on on the venue and 

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everything that's happening here
because we're doing so much 

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ourselves. 
So it's also a question of 

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focus. 
That's the main difference. 

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Tell us about the attendees. 
What percentage of attendees are

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local and how many have flown in
for this? 

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We have about now 20,000 
attendees and about 50% of them 

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are locals. 
So we put a lot of effort into 

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inviting local attendees and 
we're about 20, a few between 50

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and 20 in the team. 
And we have 5 local people. 

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And so we've been working very 
hard in involving local 

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communities on all fronts. 
And we have someone full time 

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here. 
Cabella Fassano has been very, 

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very active in onboarding all 
again, the universities, the 

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companies, the, the government 
officials, all the local 

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committees are very, very active
and hunting. 

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Now we can also talk about this 
like if you're Marcatina Silla 

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time is KIPPU, all these 
organizations that have been 

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also that are organizing their 
own events here, like there is a

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today an Ethereum Marcantina 
Caton, like there are a lot of 

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things happening. 
And and so yes, so about 50% of 

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look of attendees are local. 
We've also put a lot of 

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discounts for locals, for 
students as always, but the 

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locals could come very easily. 
It was very accessible. 

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It was $20.00 for the tickets 
and we did a lot of partnership 

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with universities, so you can 
often see waves of students 

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coming inside a venue like out 
of like school bus. 

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That's very cool to see. 
We had tracks of universities 

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with 10 of the biggest 
universities of Argentina every 

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day, twice a day. 
So content for newcomers 

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happening always. 
Also something we've done is 

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that we've been able to set up a
streamline process with the 

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00:12:02,440 --> 00:12:04,960
Immigration Office of Argentina 
directly in line with the 

228
00:12:04,960 --> 00:12:09,360
government, where we issued more
than 1000 visa to people all 

229
00:12:09,360 --> 00:12:11,960
around the world that are 
normally blocked from attending 

230
00:12:11,960 --> 00:12:13,960
these events. 
So you can see inside the venue,

231
00:12:13,960 --> 00:12:17,280
a lot of people from from India,
from Nigeria, a lot of people 

232
00:12:17,280 --> 00:12:19,960
from Africa actually. 
And as a result, we also have 

233
00:12:19,960 --> 00:12:22,240
more than 130 countries 
represented. 

234
00:12:22,240 --> 00:12:23,960
Wow. 
So it's, it's, I mean, we're 

235
00:12:23,960 --> 00:12:26,000
only missing like what 60 
countries? 

236
00:12:26,000 --> 00:12:28,600
Like, all right, next step, we 
need to get them. 

237
00:12:28,600 --> 00:12:30,560
But I mean, this is, this is 
amazing. 

238
00:12:30,560 --> 00:12:33,960
And then it is also far from a 
lot of places. 

239
00:12:33,960 --> 00:12:38,640
I mean, some people flew for 45 
hours doing 354 or five stops. 

240
00:12:38,640 --> 00:12:41,280
Like it was a concern that we 
had at some point. 

241
00:12:41,640 --> 00:12:45,600
And also let us double down on 
involving local communities in 

242
00:12:45,600 --> 00:12:50,600
Argentina, also LATAM, but, but 
we managed to get people from 

243
00:12:50,600 --> 00:12:52,640
all around the world and it's 
very exciting to see. 

244
00:12:52,640 --> 00:12:55,560
So, yeah, making the event as 
accessible as possible was a 

245
00:12:55,560 --> 00:12:58,520
big, big focus and also 
involving local communities at 

246
00:12:58,520 --> 00:13:01,920
the same time. 
I think it is always a focus of 

247
00:13:01,920 --> 00:13:04,800
Defcon and Defconnect. 
That was the case also in 

248
00:13:04,800 --> 00:13:07,080
Southeast Asia. 
This is what This is why we're 

249
00:13:07,080 --> 00:13:09,360
going to think Defcon and 
Defconnect in these places. 

250
00:13:09,720 --> 00:13:15,040
We're going to places where 
others want others. 

251
00:13:15,320 --> 00:13:19,440
Organize conferences in Europe 
and CC is very big in France 

252
00:13:19,560 --> 00:13:21,560
have been involved for many 
years with this events. 

253
00:13:22,160 --> 00:13:27,600
Now you have like events in in 
the US with the East calf based 

254
00:13:27,600 --> 00:13:29,240
global. 
Global is going on in a lot of 

255
00:13:29,240 --> 00:13:33,080
places in global is also going 
to many places where it's been 

256
00:13:33,080 --> 00:13:37,480
harder, like they're going to 
places like Africa or India and 

257
00:13:37,480 --> 00:13:42,000
many, many different countries. 
But yeah, so this is about the 

258
00:13:42,000 --> 00:13:44,120
diversity. 
We had a lot of it and we are. 

259
00:13:44,120 --> 00:13:46,600
We're proud of it. 
Yeah, the visa thing is huge. 

260
00:13:47,040 --> 00:13:50,080
I mean, that's, that's a big 
undertaking, I think to have 

261
00:13:50,080 --> 00:13:52,520
like the government involved and
making sure that like people can

262
00:13:52,520 --> 00:13:56,000
come as yeah, I mean, even FIFA 
can't do this, right? 

263
00:13:56,000 --> 00:14:00,400
Like apparently, apparently they
can't get fast track for, for 

264
00:14:00,400 --> 00:14:01,560
people to go to the FIFA World 
Cup. 

265
00:14:02,040 --> 00:14:04,440
You know, people in crypto, 
there's there's this narrative 

266
00:14:04,440 --> 00:14:08,280
about like South America being a
very fertile place for crypto 

267
00:14:08,280 --> 00:14:12,200
innovation because of, come on, 
people's monetary sovereignty, 

268
00:14:12,200 --> 00:14:15,240
because of the state of the 
payment rails and the financial 

269
00:14:15,240 --> 00:14:18,960
system. 
And this has been something 

270
00:14:18,960 --> 00:14:21,600
that, you know, we've been 
hearing for years in the in the 

271
00:14:21,600 --> 00:14:24,280
crypto community, like people 
Camille Russo have talked about 

272
00:14:24,280 --> 00:14:29,800
it extensively written about it.
And what's your sense of how 

273
00:14:29,960 --> 00:14:32,200
impactful it was to have Def 
Connect here? 

274
00:14:32,200 --> 00:14:35,720
And what are some of the really 
interesting kind of use cases 

275
00:14:35,720 --> 00:14:38,880
that you know, you've seen or or
you've emerged here at Def 

276
00:14:38,880 --> 00:14:41,960
Connect that validate this 
thesis? 

277
00:14:43,080 --> 00:14:46,080
So there's a hard thing about 
what we do is that we often 

278
00:14:46,080 --> 00:14:49,400
don't see the repo effects of 
our events for many, many years.

279
00:14:49,480 --> 00:14:53,760
I can tell that's our events in 
Bogota had side effects and 

280
00:14:53,760 --> 00:14:58,200
impacts like for many years. 
And now we're also harvesting 

281
00:14:58,200 --> 00:15:01,720
the seeds that we've planted in,
in Bogota three years ago, 

282
00:15:01,720 --> 00:15:04,800
because a lot of the communities
that are, are involved now in 

283
00:15:04,920 --> 00:15:07,560
all over that time were born 
around Bogota. 

284
00:15:08,320 --> 00:15:12,200
So it's, it's hard to put 
numbers on the impact that such 

285
00:15:12,200 --> 00:15:14,880
an event has. 
But years later we can, we can 

286
00:15:14,880 --> 00:15:17,800
tell because for example, in 
Bangkok last year, we had many 

287
00:15:17,800 --> 00:15:20,640
communities coming from South 
America all the way to Bangkok 

288
00:15:20,640 --> 00:15:24,520
because they're so DEFCON. 
They went to DEFCON, they saw 

289
00:15:24,560 --> 00:15:26,160
the impact. 
And so they, they wanted to, to,

290
00:15:26,160 --> 00:15:31,000
to be part of it. 
So the impact is always hard to,

291
00:15:31,280 --> 00:15:35,560
to evaluate. 
We have a financial direct 

292
00:15:35,560 --> 00:15:38,720
financial impact by with 
tourism, obviously with all the 

293
00:15:39,040 --> 00:15:43,880
money we put, but all the side 
events put that the companies 

294
00:15:43,880 --> 00:15:47,160
that will come here that will 
invest into into the country 

295
00:15:47,160 --> 00:15:52,400
that will hire local, local 
talents that will probably set 

296
00:15:52,400 --> 00:15:56,800
base like a con base is getting 
approval to like got approvals 

297
00:15:56,800 --> 00:16:03,120
to like financial regulated. 
They have like PSAVPSAV like a 

298
00:16:03,120 --> 00:16:08,680
local vast regulated entity to 
be able to to deal with finances

299
00:16:08,680 --> 00:16:12,760
here. 
So people are going to companies

300
00:16:12,760 --> 00:16:14,120
are going are getting 
established. 

301
00:16:14,120 --> 00:16:20,640
And also if you use cases 
payments are definitely the 

302
00:16:20,640 --> 00:16:22,840
biggest ones. 
I mean, in Argentina you can, 

303
00:16:23,560 --> 00:16:29,240
you can see people using crypto.
We estimate that about 5 million

304
00:16:29,240 --> 00:16:33,160
people using on a daily basis 
and 20% in the country own 

305
00:16:33,160 --> 00:16:35,840
crypto, 5 million using on a 
daily basis. 

306
00:16:35,840 --> 00:16:38,240
It's 10% of the population. 
It's it's huge. 

307
00:16:38,240 --> 00:16:43,360
And so they use crypto obviously
for several reason, but for for 

308
00:16:43,360 --> 00:16:46,000
payment because it's convenient.
So when you pay a merchant, they

309
00:16:46,000 --> 00:16:50,960
often don't get the the money 
into their bank for 20 days. 

310
00:16:51,280 --> 00:16:54,200
It's very common here. 
And also when they're paid into 

311
00:16:54,200 --> 00:16:56,440
pesos, well, the, the money 
filtrate, right? 

312
00:16:56,440 --> 00:17:01,760
Like the inflation is very 
famous in like infamous, I would

313
00:17:01,760 --> 00:17:04,400
say. 
And so the pesos have been 

314
00:17:04,400 --> 00:17:06,920
crashing for the last many, many
years. 

315
00:17:07,760 --> 00:17:11,079
And even this year, like I was 
here earlier this year and now 

316
00:17:11,079 --> 00:17:16,200
my dollar is 70% more powerful. 
So I leave it myself, coming 

317
00:17:16,200 --> 00:17:21,400
here three times this year. 
It's very like it's the, the 

318
00:17:21,520 --> 00:17:24,400
need for crypto and Ethereum is 
obvious. 

319
00:17:25,359 --> 00:17:27,440
You have the system of Quevas. 
I'm not sure if you've 

320
00:17:27,440 --> 00:17:31,240
experienced that, but you send a
message on Telegram or WhatsApp 

321
00:17:31,440 --> 00:17:35,000
and you send a crypto 
transaction with USDT on 

322
00:17:35,000 --> 00:17:40,000
Ethereum or other other network 
and the guy shows up with a bag 

323
00:17:40,000 --> 00:17:44,600
of cash in front of your door. 
It's, I think not really legal, 

324
00:17:44,600 --> 00:17:48,440
but not really for being. 
Everyone is doing it and it's 

325
00:17:48,440 --> 00:17:51,080
not common like we've been many 
service providers doing the 

326
00:17:51,080 --> 00:17:54,640
same, like the guy send you just
an address, you need to send 

327
00:17:54,640 --> 00:17:57,040
$500 there and hope for the 
best. 

328
00:17:57,040 --> 00:17:59,240
But then the thing happened and 
happens. 

329
00:17:59,240 --> 00:18:02,560
And it's quite surprising. 
It's very common and it's 

330
00:18:02,560 --> 00:18:04,960
happening with crypto because 
it's simply better. 

331
00:18:04,960 --> 00:18:07,280
And it's amazing to see. 
And this is also why we're we're

332
00:18:07,280 --> 00:18:10,160
here, yeah. 
That's fascinating. 

333
00:18:10,240 --> 00:18:16,680
And did did you guys encounter 
any real issues with like 

334
00:18:16,680 --> 00:18:18,880
currency fluctuations or these 
certain things that when 

335
00:18:18,880 --> 00:18:21,960
organizing? 
Yes, yes, because we are 

336
00:18:21,960 --> 00:18:25,080
planning this event we for a 
year, I mean we are working for 

337
00:18:25,080 --> 00:18:28,240
more than a year on this event. 
And so quotes vary. 

338
00:18:29,280 --> 00:18:32,640
We need to be careful about what
currency do we use, how like 

339
00:18:33,160 --> 00:18:35,960
split the payments in time so 
that it doesn't fluctuate too 

340
00:18:35,960 --> 00:18:39,360
much. 
We had often had puts getting 

341
00:18:39,400 --> 00:18:42,160
plus 20% because of currency 
evaluation. 

342
00:18:42,160 --> 00:18:45,320
The biggest impact we, well the 
biggest sort of thing that 

343
00:18:45,680 --> 00:18:48,280
struck us was that contracts 
don't matter. 

344
00:18:48,720 --> 00:18:50,040
They want the money in the 
account. 

345
00:18:50,320 --> 00:18:53,840
And so we've had at least one 
con one service provider cancel 

346
00:18:53,840 --> 00:18:56,720
our contract after a very short 
period time, just several days 

347
00:18:56,920 --> 00:18:59,000
because we hadn't made the made 
the payment and we didn't 

348
00:18:59,560 --> 00:19:01,800
realized just how important it 
was for them to have payment. 

349
00:19:01,800 --> 00:19:04,120
Then we sort of felt that 
throughout, you know, the entire

350
00:19:04,120 --> 00:19:06,280
process of working for service 
providers is that they don't 

351
00:19:06,280 --> 00:19:07,800
care until the money is in the 
in the bank yet. 

352
00:19:08,160 --> 00:19:11,720
And you can, you can understand,
you can understand that they've,

353
00:19:12,160 --> 00:19:14,520
they've gone through tough 
situations. 

354
00:19:15,480 --> 00:19:17,600
They, they've gone through a 
situation where banks were 

355
00:19:17,600 --> 00:19:20,040
closing their accounts, like 
where they could not accept the 

356
00:19:20,040 --> 00:19:22,280
money into the banks. 
And so I mean, we've been 

357
00:19:22,280 --> 00:19:24,520
talking about this like, you 
know, censorship resistance in 

358
00:19:24,520 --> 00:19:27,360
Europe and in US and we talk 
about it, but we've never 

359
00:19:27,360 --> 00:19:29,720
experienced it ourselves. 
I mean, I have never been bank 

360
00:19:29,720 --> 00:19:32,440
less. 
And so I don't understand the 

361
00:19:32,440 --> 00:19:37,040
same way I don't understand or I
don't feel it feel the same way 

362
00:19:37,040 --> 00:19:40,440
as an Argentina that gone 
through the Coradito crisis in 

363
00:19:40,440 --> 00:19:43,080
2001. 
Like feel about crypto. 

364
00:19:43,080 --> 00:19:44,160
Like it's not, it's not the 
same. 

365
00:19:44,160 --> 00:19:46,840
They really, they've been 
through it and not all of them. 

366
00:19:46,840 --> 00:19:49,200
Obviously now we have a lot of 
young people that are into it, 

367
00:19:49,200 --> 00:19:52,520
but but their, their parents 
live through it. 

368
00:19:52,520 --> 00:19:55,480
And so they understand. 
So it's so yeah. 

369
00:19:55,480 --> 00:19:56,280
They they. 
Yeah. 

370
00:19:57,560 --> 00:19:59,360
Well, maybe let's look back to 
the event. 

371
00:19:59,360 --> 00:20:02,080
So we're almost, we're more than
halfway through. 

372
00:20:03,120 --> 00:20:05,800
It's a little bit early, but 
what are your preliminary take 

373
00:20:05,800 --> 00:20:09,560
home take home learning? 
So kind of like what, what 

374
00:20:09,560 --> 00:20:12,160
worked well, what didn't go so 
well? 

375
00:20:13,640 --> 00:20:15,720
What? 
What will you be seeing more of 

376
00:20:15,720 --> 00:20:17,120
in the future? 
All right. 

377
00:20:17,240 --> 00:20:18,880
I'll start with what did not go 
well. 

378
00:20:20,080 --> 00:20:21,720
Is this the Internet? 
Right. 

379
00:20:22,280 --> 00:20:25,320
I think that's the entire city 
of Buenos Aires. 

380
00:20:25,320 --> 00:20:27,560
I mean, I've found the Internet 
to be very shoddy everywhere. 

381
00:20:27,560 --> 00:20:28,620
Yeah. 
Right. 

382
00:20:28,620 --> 00:20:30,680
Wi-Fi situation is not great in 
the Huntington. 

383
00:20:30,680 --> 00:20:36,440
Generally Wi-Fi situation in 
this building is very well known

384
00:20:36,440 --> 00:20:40,360
to be catastrophic. 
And So what happened is that we 

385
00:20:40,360 --> 00:20:43,160
built the whole system from 
scratch and it was a huge 

386
00:20:43,160 --> 00:20:46,320
endeavor. 
And on top of that, there are, 

387
00:20:46,520 --> 00:20:50,120
there were many, many things 
that we did not control, like 

388
00:20:50,120 --> 00:20:52,960
cloud fare outage and, and other
things. 

389
00:20:52,960 --> 00:20:56,440
I'm not blaming external 
factors, but it was a huge 

390
00:20:56,440 --> 00:20:59,520
endeavour. 
We, we hired some of the best 

391
00:20:59,960 --> 00:21:03,120
companies, private companies to 
set up the whole thing from 

392
00:21:03,120 --> 00:21:04,560
scratch. 
I can send you the pictures of 

393
00:21:04,560 --> 00:21:09,320
the the 50 luggage that we 
brought like huge a luggage of 

394
00:21:09,920 --> 00:21:12,480
material that we brought to 
build the whole thing from 

395
00:21:12,480 --> 00:21:13,840
scratch. 
You will see all the setup 

396
00:21:13,840 --> 00:21:15,680
everywhere. 
If you look now, it's now, it's 

397
00:21:15,680 --> 00:21:20,640
set up, it's back, it's working.
But we had a rough time at the 

398
00:21:20,640 --> 00:21:22,480
beginning. 
I think that was the main 

399
00:21:22,480 --> 00:21:25,520
criticism if not the only that 
we received probably coffee 

400
00:21:25,520 --> 00:21:30,600
fixed but but in the end I think
we have not received too much 

401
00:21:30,600 --> 00:21:32,560
complaints. 
Cloud fair helps maybe a little 

402
00:21:32,560 --> 00:21:36,120
bit, but I think it was also a 
good occasion to to disconnect 

403
00:21:36,120 --> 00:21:38,280
so. 
I think it was actually so kind 

404
00:21:38,280 --> 00:21:40,560
of it was actually quite nice 
because kind of like we were 

405
00:21:40,560 --> 00:21:43,280
planning kind of like on our 
noses booth, we were planning to

406
00:21:43,400 --> 00:21:46,640
kind of on board people and show
them the things and none of that

407
00:21:46,640 --> 00:21:48,200
worked. 
But it didn't didn't just. 

408
00:21:48,440 --> 00:21:49,360
It didn't. 
Sorry about that. 

409
00:21:49,360 --> 00:21:51,640
No, no, no, It's all. 
It's a kind of like I, I, I'm, 

410
00:21:51,640 --> 00:21:53,160
I'm drawing the silver lining 
here. 

411
00:21:53,360 --> 00:21:56,520
So kind of because it also 
didn't work for anyone else, 

412
00:21:56,640 --> 00:21:58,200
people were forced to make 
conversation. 

413
00:21:58,200 --> 00:21:59,800
There you go, right. 
It's kind of like they actually 

414
00:21:59,800 --> 00:22:03,400
got talking about the things and
kind of like, and I, I often I, 

415
00:22:03,640 --> 00:22:06,440
I think kind of like often we 
kind of jump in and say, let me 

416
00:22:06,440 --> 00:22:08,600
just show you. 
And then you show show people 

417
00:22:08,720 --> 00:22:12,240
and kind of like you that kind 
of often next part of the 

418
00:22:12,240 --> 00:22:14,520
narrative of why you're actually
doing it. 

419
00:22:14,680 --> 00:22:19,240
And I think not having the app 
to show I'm, I'm if I could, if 

420
00:22:19,240 --> 00:22:23,320
I could choose kind of like a 
future setup, these, these, 

421
00:22:23,520 --> 00:22:26,000
these have the Wi-Fi, but kind 
of like if the Wi-Fi doesn't 

422
00:22:26,000 --> 00:22:28,720
work, it's not that everything 
doesn't work anymore. 

423
00:22:28,720 --> 00:22:31,280
It's kind of like that kind of 
that you, you find different 

424
00:22:31,280 --> 00:22:32,960
levels kind of connect with 
people on. 

425
00:22:33,000 --> 00:22:36,320
It's interesting. 
So for us, it was like one of 

426
00:22:36,320 --> 00:22:40,600
the biggest learning as an event
organizer that we, we clearly 

427
00:22:40,600 --> 00:22:45,320
understood the impact that no 
Wi-Fi, no Wi-Fi means that like 

428
00:22:46,080 --> 00:22:49,120
on the live streams, on the user
experience, really it's not 

429
00:22:49,120 --> 00:22:52,720
great on many, many items. 
The repo effects were huge. 

430
00:22:53,720 --> 00:22:57,200
But surprisingly, we have not 
received that many complaints. 

431
00:22:57,200 --> 00:22:59,880
I mean, that was the main one. 
But we, we saw that like people 

432
00:22:59,880 --> 00:23:02,320
connecting more people, not so 
many people complain. 

433
00:23:02,320 --> 00:23:05,080
Surprisingly, we were like, for 
us, it was the end of the world.

434
00:23:05,080 --> 00:23:07,640
But at the end of the day, he 
was not too bad. 

435
00:23:07,640 --> 00:23:11,440
And we feel the situation and 
so, so now it's OK. 

436
00:23:11,440 --> 00:23:14,000
But but yeah, it won't happen 
again. 

437
00:23:14,760 --> 00:23:17,880
That was the biggest challenge 
since day one, organizing this 

438
00:23:17,880 --> 00:23:20,000
event at this venue. 
We knew it. 

439
00:23:20,000 --> 00:23:25,760
We took all the measures that we
could possibly take, but we knew

440
00:23:25,920 --> 00:23:29,240
some outage would happen. 
And it happened, and we did our 

441
00:23:29,240 --> 00:23:31,040
rest. 
We talked about the Internet, 

442
00:23:31,880 --> 00:23:35,000
the coffee and the tea bags. 
It was a little bit weird. 

443
00:23:35,280 --> 00:23:38,880
Yeah, I saw those are the. 
Kind of, I kind of like, I kind 

444
00:23:38,880 --> 00:23:40,400
of like the tea bags myself 
there. 

445
00:23:40,400 --> 00:23:41,120
You go, Yeah. 
And. 

446
00:23:41,440 --> 00:23:44,280
You push for getting more people
to drink, Marty, because the 

447
00:23:44,280 --> 00:23:47,760
Marty's chips were out. 
So kind of like they were making

448
00:23:47,760 --> 00:23:51,320
the the coffee deliberately 
shitty so people would kind of 

449
00:23:51,320 --> 00:23:53,200
try try the thing they don't 
know. 

450
00:23:53,200 --> 00:23:56,080
That was our purpose. 
It's the kind of elements when 

451
00:23:56,080 --> 00:23:58,920
you organize an event that you 
know, it's the kind of details 

452
00:23:58,920 --> 00:24:02,440
that you have to go into every 
detail and check, Oh, you serve 

453
00:24:02,440 --> 00:24:03,960
coffee or the space? 
How is the coffee? 

454
00:24:04,080 --> 00:24:07,480
Show me the coffee, Show me this
not powder coffee that you put 

455
00:24:07,480 --> 00:24:11,440
water into, right? 
So it's also learning like if 

456
00:24:11,440 --> 00:24:14,400
you want high quality events, 
you need to take all the 

457
00:24:14,400 --> 00:24:17,440
details. 
And also with the scale of what 

458
00:24:17,440 --> 00:24:22,000
we're doing is it was sometimes 
hard to to go so precisely into 

459
00:24:22,000 --> 00:24:24,080
a digital test, but but well, we
fixed it. 

460
00:24:24,680 --> 00:24:29,360
It's very good learning. 
Tell me about the, the boots and

461
00:24:29,360 --> 00:24:33,160
kind of the, the fair element of
this, right, Because that's new.

462
00:24:33,360 --> 00:24:37,840
And kind of if you go to talks, 
it's actually a little bit sad 

463
00:24:37,920 --> 00:24:40,760
because there's almost no one 
there, but people love the 

464
00:24:40,760 --> 00:24:42,480
boots. 
All the boots are crowded. 

465
00:24:42,480 --> 00:24:45,080
So kind of like it seems like 
you kind of like hit the hit the

466
00:24:45,080 --> 00:24:47,000
nail on the head here. 
Right. 

467
00:24:47,800 --> 00:24:51,520
So I guess the the experience 
shifted a little. 

468
00:24:51,640 --> 00:24:53,560
The idea of the warfare was to 
showcase the apps. 

469
00:24:53,560 --> 00:24:57,000
So to have more of like country 
concrete showcases was we put a 

470
00:24:57,000 --> 00:25:00,120
lot of focus on that 
specifically. 

471
00:25:00,120 --> 00:25:03,560
So we had eight districts. 
We like defy AI hardware and 

472
00:25:03,560 --> 00:25:06,200
wallets, collectibles, layer 
twos. 

473
00:25:06,680 --> 00:25:08,440
What am I missing? 
Privacy gaming. 

474
00:25:08,440 --> 00:25:12,440
So I think that was it. 
And we wanted we wanted to 

475
00:25:12,560 --> 00:25:16,040
experiment with a new format, 
have a more concrete way for 

476
00:25:16,040 --> 00:25:17,400
people to interact with the 
events. 

477
00:25:17,400 --> 00:25:21,200
So I think people loved it. 
It's new for the EF especially. 

478
00:25:21,200 --> 00:25:25,280
Like we usually we were like 
very like showcasing projects, 

479
00:25:25,280 --> 00:25:29,520
but in the plain neutral way. 
And now we went into like full 

480
00:25:29,520 --> 00:25:32,120
mode into selecting the best 
projects or some of the best 

481
00:25:32,120 --> 00:25:35,400
projects, including like the the
biggest international, the 

482
00:25:35,400 --> 00:25:37,840
biggest projects, also the, the 
best local ones. 

483
00:25:37,840 --> 00:25:41,280
So you can see the exchanges 
like below Ripio Lemon and you 

484
00:25:41,280 --> 00:25:43,600
can experiment with them. 
And we were also able to 

485
00:25:43,600 --> 00:25:46,920
showcase some licensed 1. 
So you have on ramping stations 

486
00:25:46,920 --> 00:25:50,520
with a repo where you can buy 
crypto on the ground. 

487
00:25:50,520 --> 00:25:53,080
So that's also something else 
that we've done is that we've 

488
00:25:53,080 --> 00:25:55,600
allowed and we've worked with 
merchants to have crypto 

489
00:25:55,600 --> 00:25:58,360
payments. 
So you can pay with crypto and 

490
00:25:58,800 --> 00:26:01,080
everywhere in the venue with 
table coins or ES. 

491
00:26:01,080 --> 00:26:05,320
And we've also facilitated and 
with the app, a way for you to 

492
00:26:05,320 --> 00:26:08,520
connect any external wallets or 
if you don't have a wallet with 

493
00:26:08,520 --> 00:26:12,640
an e-mail, create a wallet and 
get into the RMP station or 

494
00:26:12,640 --> 00:26:16,520
claim a peanut link so that you 
can have $2.00 to buy a coffee 

495
00:26:16,520 --> 00:26:18,920
or something like that. 
So we really wanted to give a 

496
00:26:18,920 --> 00:26:22,880
concrete experience of like what
could a city living on Etherium 

497
00:26:22,880 --> 00:26:25,880
could, could be like. 
I will not agree with you. 

498
00:26:25,880 --> 00:26:28,080
That's all that, but the rooms 
are imt. 

499
00:26:28,080 --> 00:26:31,080
You have some rooms like. 
No, I was, I was, I was kind of 

500
00:26:31,080 --> 00:26:33,520
like, I, I was, I was 
exaggerating a bit. 

501
00:26:33,520 --> 00:26:35,840
But there's one room that's 
absolutely massive. 

502
00:26:36,080 --> 00:26:39,320
And I think it would, it would 
take probably like 2000 people 

503
00:26:39,320 --> 00:26:41,960
at least kind of like put to 
actually fill it up. 

504
00:26:41,960 --> 00:26:45,400
So it's like we organized a big 
room for the biggest events. 

505
00:26:45,400 --> 00:26:48,960
Ethereum Day was really packed. 
We had the econ the massive 

506
00:26:49,440 --> 00:26:51,400
event organized by all the local
communities. 

507
00:26:52,960 --> 00:26:57,880
It's the time is Quipu with like
the mayor of Buenos Aires that 

508
00:26:57,880 --> 00:27:01,160
came Chiquita Pia, the head of 
like the football organization 

509
00:27:01,160 --> 00:27:06,280
in Argentina that came the room 
was packed from from like from 

510
00:27:06,480 --> 00:27:09,600
the beginning to the end. 
So yes, the the events coming 

511
00:27:09,600 --> 00:27:13,160
afterwards with smaller capacity
feel the the difference. 

512
00:27:13,160 --> 00:27:17,240
Obviously, where would you think
it'd be the rooms arranging the 

513
00:27:17,240 --> 00:27:19,960
set up a little bit, but but 
yeah. 

514
00:27:20,000 --> 00:27:23,320
But I invite you to go see some 
of their events with the 

515
00:27:23,360 --> 00:27:25,840
hackathon that is completely 
full of hackers right now 

516
00:27:25,920 --> 00:27:27,560
happening in the middle of the 
week. 

517
00:27:27,720 --> 00:27:31,240
So I think kind of like talks is
actually very specific thing, 

518
00:27:31,240 --> 00:27:32,760
right? 
Because kind of like if you have

519
00:27:32,760 --> 00:27:36,680
a talk somewhere, it's mostly 
the endorsement that you you can

520
00:27:36,680 --> 00:27:40,080
have the talk, then I would I 
would always assume that kind of

521
00:27:40,080 --> 00:27:44,120
like 98% of people who watch my 
talk actually watch it later on 

522
00:27:44,120 --> 00:27:47,880
YouTube. 
And so so and I also take that 

523
00:27:47,880 --> 00:27:50,840
that stunts when I I'm at an 
event, kind of like I 

524
00:27:50,840 --> 00:27:53,840
deprioritize going to talks 
because I know I can watch them 

525
00:27:53,840 --> 00:27:57,440
on the way home, right. 
So it's and I think that's 

526
00:27:57,560 --> 00:28:01,200
that's generally kind of do. 
You really do that because 

527
00:28:01,200 --> 00:28:04,200
everybody says they do that, but
I don't actually watch them on 

528
00:28:04,200 --> 00:28:05,760
the way. 
I usually sleep on the plane. 

529
00:28:05,760 --> 00:28:07,640
100%, yeah. 
So kind of, yeah. 

530
00:28:07,640 --> 00:28:09,760
I need to I need to maximize my 
playing time. 

531
00:28:09,760 --> 00:28:12,680
Victoria kind of, I'm also I, I 
don't know whether kind of like 

532
00:28:12,680 --> 00:28:13,800
we've known each other a long 
time. 

533
00:28:13,960 --> 00:28:16,240
Don't know whether you know 
this, but also patience is not 

534
00:28:16,240 --> 00:28:19,680
one of my virtues. 
So kind of like and and kind of 

535
00:28:19,680 --> 00:28:23,640
feel to kind of Fast forward 
someone on YouTube is way less 

536
00:28:23,640 --> 00:28:25,560
offensive than saying just speed
it up. 

537
00:28:28,440 --> 00:28:30,640
I think so. 
That's an interesting one. 

538
00:28:31,600 --> 00:28:34,960
For years we've been saying that
the conference model is broken 

539
00:28:34,960 --> 00:28:36,560
and no one is attending the 
talk. 

540
00:28:36,880 --> 00:28:40,120
I still think that's when you're
passionate about the topic that 

541
00:28:40,120 --> 00:28:41,640
you want to be the first one to 
see. 

542
00:28:42,160 --> 00:28:45,800
Attending your talk is different
like like going to see obviously

543
00:28:45,800 --> 00:28:49,600
Vitalic or any person that you 
really enjoy like you will, you 

544
00:28:49,600 --> 00:28:51,760
will sit here, you will not take
your phone and you will listen 

545
00:28:51,760 --> 00:28:54,640
to the to the talk and you have 
the experience and the immersion

546
00:28:54,640 --> 00:28:58,040
like the same way you would go 
to a concert and enjoy the 

547
00:28:58,040 --> 00:29:00,520
experience. 
But that's a small fraction of 

548
00:29:00,520 --> 00:29:03,680
the talks, right? 
Probably, but I, I, I do think 

549
00:29:03,680 --> 00:29:08,160
that's when you a topic matter. 
I think it's a, it's a personal 

550
00:29:08,160 --> 00:29:10,280
question. 
If you really care about a topic

551
00:29:10,280 --> 00:29:13,400
and you like the speaker, you 
would go to like in the room and

552
00:29:13,400 --> 00:29:16,600
then speak to the person or I 
agree, it's a small fraction. 

553
00:29:17,120 --> 00:29:22,040
I think that's, I mean, we have 
to think about it as event 

554
00:29:22,040 --> 00:29:25,000
organizers, like how do we 
manage this? 

555
00:29:25,480 --> 00:29:28,200
The speakers still want a place 
on stage. 

556
00:29:28,200 --> 00:29:31,440
They want to show a. 100% I, I 
mean, I also gave a talk and 

557
00:29:31,440 --> 00:29:33,840
kind of like, I'm happy I gave a
talk because kind of like the, 

558
00:29:33,920 --> 00:29:35,920
the curation is part of the 
service, right? 

559
00:29:36,080 --> 00:29:40,440
So to have having the talk up 
late and kind of like linking, 

560
00:29:40,440 --> 00:29:42,840
linking it to kind of give 
people an intro what you're 

561
00:29:42,840 --> 00:29:44,600
doing. 
I think it's it's, it's super 

562
00:29:44,600 --> 00:29:48,640
valuable. 
So I mean nowadays all the talks

563
00:29:48,640 --> 00:29:50,400
are so live stream they 
recorded. 

564
00:29:50,400 --> 00:29:52,560
We see a lot of people in the 
live streams actually. 

565
00:29:52,560 --> 00:29:57,120
So even when the room is half 
half full, you can like you 

566
00:29:57,120 --> 00:30:01,920
often times have 345 times the 
people like like watching in the

567
00:30:01,920 --> 00:30:04,320
stream. 
So I think we should be low ego 

568
00:30:04,320 --> 00:30:09,840
as well as speakers or and do 
not feel bad because the room is

569
00:30:09,840 --> 00:30:12,120
half 100. 
Percent, 100%. 

570
00:30:12,360 --> 00:30:16,160
But I think like one, one of the
things that's really important 

571
00:30:16,160 --> 00:30:19,640
to recognize as event organizers
is that you know, your your 

572
00:30:19,640 --> 00:30:22,200
content is not just who's 
sitting in your room, but it's 

573
00:30:22,200 --> 00:30:24,200
also the reach. 
And, you know, if you're 

574
00:30:24,200 --> 00:30:26,600
marketing that content well, 
you're going to get lots of 

575
00:30:26,600 --> 00:30:29,000
eyeballs on on those ideas. 
And I think at the end of the 

576
00:30:29,000 --> 00:30:32,440
day is what really matters. 
I do want to talk a little bit 

577
00:30:32,440 --> 00:30:35,480
about like, so the main themes 
this week, not just here, but 

578
00:30:35,480 --> 00:30:38,440
all the side events. 
And there's been a few that have

579
00:30:38,440 --> 00:30:40,200
struck me up. 
Obviously like stable coins have

580
00:30:40,200 --> 00:30:43,800
been a massively important topic
in the last few months, but also

581
00:30:43,800 --> 00:30:49,240
this year that but privacy seems
to be the main thing. 

582
00:30:49,720 --> 00:30:52,640
And we yesterday we were talking
to Peter Van Volkenburg about 

583
00:30:52,640 --> 00:30:55,640
this. 
And my my question to him was, 

584
00:30:55,640 --> 00:30:58,360
you know, is the interest in 
privacy driven by the market or 

585
00:30:58,360 --> 00:31:00,760
is the market reacting to the 
interest in privacy? 

586
00:31:01,000 --> 00:31:03,640
Is it, it was sort of like a 
chicken and egg thing? 

587
00:31:04,600 --> 00:31:07,160
My question would be like, why? 
Why do you think now Etherium 

588
00:31:07,160 --> 00:31:10,360
seems to be, like, taking 
privacy very seriously And, you 

589
00:31:10,360 --> 00:31:13,760
know, like, the sunglasses of 
Italic will be like a meme that 

590
00:31:13,760 --> 00:31:16,160
will live on forever. 
And I think, like, it's going to

591
00:31:16,160 --> 00:31:18,120
solidify this idea that Ethereum
needs to be private. 

592
00:31:18,120 --> 00:31:19,640
Like, why? 
Why is it so important now? 

593
00:31:19,680 --> 00:31:22,760
I think. 
Pragmatically, the ethermic 

594
00:31:22,760 --> 00:31:25,440
system been solving one problem 
after the other. 

595
00:31:25,560 --> 00:31:29,720
We've sold the merge, right? 
We've we've moved to proof of 

596
00:31:29,720 --> 00:31:34,840
stake, We solved scalability. 
Now transactions are like fast 

597
00:31:34,840 --> 00:31:38,160
and cheap. 
We're solving fragmentation, 

598
00:31:38,600 --> 00:31:40,800
we're solving UX. 
I think this is ongoing. 

599
00:31:40,800 --> 00:31:43,480
That's been ongoing for many 
years, like part of the next big

600
00:31:43,480 --> 00:31:47,520
topics and privacy is one of 
them. 100% If we want credible, 

601
00:31:47,720 --> 00:31:52,160
credibly neutral technology, 
permissionless technology, 

602
00:31:52,160 --> 00:31:54,680
censorship resistant technology,
we need privacy. 

603
00:31:54,920 --> 00:31:57,720
And when you think about it, if 
we don't have this, like if we 

604
00:31:57,720 --> 00:32:01,680
don't have privacy, then you can
identify the person or the the 

605
00:32:01,680 --> 00:32:04,800
network or the tool and just 
kill it. 

606
00:32:05,120 --> 00:32:08,680
So privacy is just a need, it's 
a human rights. 

607
00:32:08,680 --> 00:32:11,400
And I think so that's on the 
tech side. 

608
00:32:11,440 --> 00:32:15,520
If you don't have privacy, the 
tech is just simply limited and 

609
00:32:15,520 --> 00:32:19,640
you you cannot fulfil the 
promise of what Ethereum aims 

610
00:32:19,720 --> 00:32:22,400
that, you know, achieving. 
So that's one of the tech side. 

611
00:32:22,600 --> 00:32:27,720
And I think currently, like 
nowadays with the rise of far 

612
00:32:27,720 --> 00:32:33,920
right or like extreme parties in
both sides and nationalism and 

613
00:32:34,480 --> 00:32:37,520
media control and things like 
that, you need and just 

614
00:32:38,000 --> 00:32:42,040
surveillance tools that have 
been widespread in and for many 

615
00:32:42,040 --> 00:32:49,240
years now, but maybe increasing 
a bit, we need even more privacy

616
00:32:49,240 --> 00:32:51,640
technology and privacy 
implementation of privacy 

617
00:32:51,640 --> 00:32:55,400
generally. 
When you see regulation like 

618
00:32:55,400 --> 00:32:59,520
chat control potentially coming 
to Europe, I mean, that was 

619
00:32:59,800 --> 00:33:01,680
crazy. 
I don't go into politics often, 

620
00:33:01,680 --> 00:33:03,920
but when I looked at that, I 
show that to my family like this

621
00:33:03,920 --> 00:33:08,080
is this is I don't I'm not sure,
sorry if I cannot say that on 

622
00:33:08,080 --> 00:33:10,560
the recording, but that was that
way louder, extremely 

623
00:33:10,560 --> 00:33:14,360
concerning, extremely concerning
like having shot control would 

624
00:33:14,360 --> 00:33:17,800
have caused signal to 
potentially stop operations like

625
00:33:18,240 --> 00:33:21,120
this is massive. 
This is not only this is not 

626
00:33:21,120 --> 00:33:24,080
only Ethereum or blockchain 
related. 

627
00:33:24,080 --> 00:33:27,360
This is like a society problem 
like it was crazy. 

628
00:33:27,360 --> 00:33:29,120
It was even. 
Considered and kind of like I 

629
00:33:29,120 --> 00:33:32,280
mean, so basically kind of like 
it failed in the end, but kind 

630
00:33:32,280 --> 00:33:35,040
of it failed because by by just 
so kind of like Germany was 

631
00:33:35,040 --> 00:33:36,640
actually the deciding vote in 
the end. 

632
00:33:36,840 --> 00:33:39,840
And kind of like that it failed 
because there were some concerns

633
00:33:39,840 --> 00:33:42,360
about how it was implemented. 
And I was like, what what do you

634
00:33:42,360 --> 00:33:45,560
mean some sense? 
So this is insane. 

635
00:33:45,560 --> 00:33:49,160
And, and I think this is 
something that the Ethereum 

636
00:33:49,160 --> 00:33:53,720
committee also take, you know, 
like take very seriously and it 

637
00:33:53,720 --> 00:33:57,040
makes me proud to be working the
Ethereum committee that cares so

638
00:33:57,040 --> 00:34:00,920
much about privacy and that has 
some of the best cryptographic, 

639
00:34:01,000 --> 00:34:06,240
you know, researchers and moving
like forward the needle of I 

640
00:34:06,240 --> 00:34:08,920
mean, the yeah, moving forward 
the cryptography with DK tech 

641
00:34:08,920 --> 00:34:12,520
and, and, and privacy tech in 
general, because I feel that 

642
00:34:12,520 --> 00:34:15,679
this is also how our ecosystem 
can have a very strong impact in

643
00:34:15,679 --> 00:34:18,239
the world. 
Like when you yeah, again, like 

644
00:34:18,239 --> 00:34:20,320
when you promote censorship 
resistance, you need privacy. 

645
00:34:20,320 --> 00:34:21,639
And This is why I think it 
matters. 

646
00:34:21,639 --> 00:34:25,400
This is why Ethereum Foundation 
even is working a privacy wallet

647
00:34:25,400 --> 00:34:30,040
with other partners. 
This is why the topic is so 

648
00:34:30,040 --> 00:34:33,080
important today. 
I to answer your question also 

649
00:34:33,080 --> 00:34:34,840
shortly, it's, I think it's a 
matter of priority. 

650
00:34:35,040 --> 00:34:36,719
We had to solve things before 
solving that. 

651
00:34:36,719 --> 00:34:39,520
But now it's, it looks like a 
big, a big elephant in the room 

652
00:34:39,520 --> 00:34:42,080
that if you don't solve like 
it's just we're not fulfilling 

653
00:34:42,080 --> 00:34:45,920
the full like the the entire 
value prop of Ethereum and 

654
00:34:45,920 --> 00:34:47,920
decentralized technology. 
So we need we need to address 

655
00:34:47,920 --> 00:34:49,360
it. 
Yeah, I, I think. 

656
00:34:49,679 --> 00:34:53,000
There's, there's also an, 
another concern with privacy is 

657
00:34:53,000 --> 00:34:57,600
that in order for Ethereum to be
credible in the institutional 

658
00:34:57,600 --> 00:34:59,800
space and for businesses, you 
need privacy because like 

659
00:35:00,360 --> 00:35:04,240
businesses have privacy and, and
they, they lobby for, I mean, 

660
00:35:04,240 --> 00:35:06,600
they, they, they have it and 
they want to keep it. 

661
00:35:06,880 --> 00:35:09,440
Because I think, you know, 
there's sort of an adage that 

662
00:35:09,440 --> 00:35:12,400
capitalism works because you 
have individual privacy and you 

663
00:35:12,400 --> 00:35:15,240
have businesses that can have 
privacy over their transactions 

664
00:35:15,240 --> 00:35:16,680
in a business deal. 
That's sort of like constant 

665
00:35:16,680 --> 00:35:21,120
arbitrage, right? 
And, And a world where 

666
00:35:21,120 --> 00:35:25,680
everything is totally on chain 
is a world where so like the 

667
00:35:25,680 --> 00:35:27,360
economy sort of comes to a halt,
right? 

668
00:35:28,880 --> 00:35:33,200
And but. 
Yeah, I I do think that if. 

669
00:35:33,200 --> 00:35:37,160
You're sort of took this 
priority a bit late, not saying 

670
00:35:37,160 --> 00:35:39,480
like scaling and those things 
were not important, but they 

671
00:35:39,480 --> 00:35:44,000
took a long time and. 
I I think that. 

672
00:35:44,000 --> 00:35:48,840
Privacy just because of sort of 
the ethos of Etherium and and 

673
00:35:48,840 --> 00:35:52,160
also like the risk that sort of 
people in crypto are generally, 

674
00:35:53,200 --> 00:35:55,880
you know, so they, they exist in
a space that's more risky to 

675
00:35:55,880 --> 00:35:59,600
their like they're kind of 
financial freedom or their in, 

676
00:36:00,080 --> 00:36:02,360
in whatever, depending on the 
country where they may be or 

677
00:36:02,360 --> 00:36:05,720
even their security. 
Like we're both, we both live in

678
00:36:05,720 --> 00:36:06,800
France. 
We know what that's like, you 

679
00:36:06,800 --> 00:36:08,080
know, to be concerned about your
security. 

680
00:36:08,320 --> 00:36:11,720
I think privacy is kind of 
because it's a priority that 

681
00:36:11,720 --> 00:36:14,160
should have been, I think 
prioritized earlier than than 

682
00:36:14,200 --> 00:36:15,040
later. 
But it's great that it's 

683
00:36:15,040 --> 00:36:16,280
happening. 
But yeah, that's my take. 

684
00:36:16,920 --> 00:36:18,240
Yeah, I I would actually, I 
think. 

685
00:36:18,240 --> 00:36:20,920
I would counter that I think 
kind of I, I do actually think I

686
00:36:20,920 --> 00:36:23,240
mean privacy is super important 
100%. 

687
00:36:23,560 --> 00:36:26,920
First of all, I don't think the 
economy would grind to a heart 

688
00:36:26,920 --> 00:36:30,720
of kind of like no private 
transactions where possible, but

689
00:36:30,960 --> 00:36:32,720
no. 
But if we were if the. 

690
00:36:32,800 --> 00:36:36,840
Economic rails were fully on 
chain and businesses couldn't do

691
00:36:36,840 --> 00:36:39,560
things in a private way. 
It would be very difficult to 

692
00:36:39,560 --> 00:36:40,280
win business. 
Yeah. 

693
00:36:40,280 --> 00:36:43,680
So kind of like it would change.
The modus operandi for sure, but

694
00:36:43,680 --> 00:36:46,720
I think kind of like the the 
cryptography that kind of like 

695
00:36:46,720 --> 00:36:50,560
underpins privacy. 
It's come such a long way in the

696
00:36:50,560 --> 00:36:53,480
last five years. 
So having, having had this as a 

697
00:36:53,480 --> 00:36:57,080
priority five years ago would 
have set us up for failure. 

698
00:36:57,080 --> 00:37:00,320
So kind of like if we say we 
have to solve privacy 1st and 

699
00:37:00,320 --> 00:37:04,080
then we do scaling, I think I, I
think that would have, would 

700
00:37:04,080 --> 00:37:07,200
have been putting, putting the 
who's before the cut. 

701
00:37:07,360 --> 00:37:08,840
I think we, I mean we did not 
have the. 

702
00:37:08,840 --> 00:37:11,920
Tech also back in the days, I 
mean it was not even possible. 

703
00:37:11,920 --> 00:37:15,600
Possibly it was not possible at 
the at the time like now we have

704
00:37:15,600 --> 00:37:19,480
ZK that solves both both like 
privacy and scalability. 

705
00:37:19,560 --> 00:37:21,200
So, and how much? 
How much? 

706
00:37:21,200 --> 00:37:25,240
I mean, look at the real real 
time proving stats. 

707
00:37:25,640 --> 00:37:28,200
Crazy, crazy that this now 
works. 

708
00:37:28,360 --> 00:37:31,560
Had anyone told us this five 
years ago, we, I I would not 

709
00:37:31,560 --> 00:37:33,400
have believed it. 
I would not have believed it. 

710
00:37:33,400 --> 00:37:36,800
So it's great to see good but. 
Now let's look into the. 

711
00:37:36,800 --> 00:37:40,880
Future. 
So where next for? 

712
00:37:40,880 --> 00:37:43,720
Defcon and defconnect. 
What are you going to, what are 

713
00:37:43,720 --> 00:37:46,880
you going to do differently? 
And most importantly, where is 

714
00:37:46,880 --> 00:37:49,560
it going to be? 
So yeah, I'm very excited. 

715
00:37:49,560 --> 00:37:56,440
To announce that DEFCON will be 
happening in Mumbai in India 

716
00:37:57,160 --> 00:38:00,000
next year. 
So we're working hard on making 

717
00:38:00,000 --> 00:38:03,040
that happen. 
But that will be after 

718
00:38:03,040 --> 00:38:06,000
Defconnect Argentina. 
So, so yeah, we're going to 

719
00:38:06,000 --> 00:38:08,400
announce that at the end of of 
the event. 

720
00:38:08,400 --> 00:38:11,200
So by the time it's really easy,
it will be it will be live. 

721
00:38:12,240 --> 00:38:13,880
Yes, we're very excited to go 
there. 

722
00:38:13,880 --> 00:38:18,560
We've never been in that region,
in that country and and we have 

723
00:38:18,600 --> 00:38:23,320
we simply have 1.5 billion 
attendees to potentially tap 

724
00:38:23,320 --> 00:38:25,320
into. 
So that's going to be that's 

725
00:38:25,320 --> 00:38:27,920
going to be big. 
So go also same following the 

726
00:38:27,920 --> 00:38:31,560
principles of where can we go 
first like where others would 

727
00:38:31,560 --> 00:38:35,560
not and where can we have the 
big potential impacts on the 

728
00:38:35,560 --> 00:38:39,680
region. 
And India has been at the top of

729
00:38:39,680 --> 00:38:42,520
the charts in terms of number of
developers, in terms of crypto 

730
00:38:42,520 --> 00:38:46,240
adoption, in terms of usage in 
general. 

731
00:38:47,800 --> 00:38:51,960
Regulation seems to be moving 
favorably as well. 

732
00:38:52,480 --> 00:38:55,200
It's always up and down. 
It's a complex environment, but 

733
00:38:56,160 --> 00:38:59,240
but we are confident so that 
it's going to be very, very 

734
00:38:59,240 --> 00:39:01,600
positive for the ecosystem for 
the region as well. 

735
00:39:02,440 --> 00:39:05,800
And we hope that we can also 
have an again have a very strong

736
00:39:05,800 --> 00:39:10,000
impact and replicate the some of
the efforts that we've been 

737
00:39:10,000 --> 00:39:11,880
doing here and you know other 
countries. 

738
00:39:11,880 --> 00:39:15,200
So we're very excited about 
about this location just because

739
00:39:15,200 --> 00:39:16,800
that's DEFCON. 
Defcon. 

740
00:39:16,800 --> 00:39:19,840
Defcon will be in Mumbai. 
I can clarify as well. 

741
00:39:19,840 --> 00:39:21,880
That's. 
I think we're move. 

742
00:39:22,440 --> 00:39:23,720
Let's see, let's see how it 
goes. 

743
00:39:25,200 --> 00:39:28,480
I think we're moving a bit like 
I think this event has been a 

744
00:39:28,480 --> 00:39:31,760
hybrid model between past DEFCON
X and past DEFCON. 

745
00:39:31,760 --> 00:39:35,360
We've done much more ourselves. 
It's much more centralized. 

746
00:39:35,800 --> 00:39:37,360
And so let's see how DEFCON 
evolved. 

747
00:39:37,360 --> 00:39:40,760
I haven't been able to. 
We haven't been able to work too

748
00:39:40,760 --> 00:39:44,240
much on this, but it will be 
closer to DEFCON fairly much. 

749
00:39:44,880 --> 00:39:46,360
Probably there will be a merge 
in. 

750
00:39:46,360 --> 00:39:51,880
Branding, we've already been 
using the Devcon X accounts. 

751
00:39:52,360 --> 00:39:54,840
I think we'll be re merging the 
branding. 

752
00:39:55,680 --> 00:39:58,520
Just there has been some 
confusion in the past. 

753
00:39:59,800 --> 00:40:01,600
The events were very different 
in the past. 

754
00:40:01,600 --> 00:40:04,840
We've made sense at the time. 
Now it's no longer really the 

755
00:40:04,840 --> 00:40:07,400
case. 
Maybe I think the I like the 

756
00:40:07,400 --> 00:40:10,200
branding Ethereum was fair. 
Let's see if we keep that one. 

757
00:40:11,480 --> 00:40:14,240
Defcon for sure will remain. 
Let's see what happens with 

758
00:40:14,240 --> 00:40:16,640
Defconnect TBD. 
But next year is Defcon. 

759
00:40:16,760 --> 00:40:19,440
So are you saying that like 
Defcon? 

760
00:40:19,440 --> 00:40:24,800
Would possibly happen every year
or like some new like mutant 

761
00:40:24,800 --> 00:40:26,840
child of Defcon and Defconnect 
might happen every year. 

762
00:40:26,840 --> 00:40:28,160
I mean, and that back in the 
day. 

763
00:40:28,160 --> 00:40:30,840
Defcon used to happen every 
year, so kind of like this. 

764
00:40:31,040 --> 00:40:34,320
This used to be a yearly thing 
until kind of Defconnect stepped

765
00:40:34,320 --> 00:40:36,920
into the Yeah. 
Also, it's the same team. 

766
00:40:36,920 --> 00:40:40,440
Right. 
So the I do think though that's 

767
00:40:41,400 --> 00:40:45,880
we're adapting always our events
to the, to the place, to the 

768
00:40:45,880 --> 00:40:47,880
format, to the state of the 
ecosystem. 

769
00:40:49,360 --> 00:40:51,720
So let's see what what is going 
to be. 

770
00:40:52,960 --> 00:40:56,200
What are you most excited about?
Doing defcon in India. 

771
00:40:58,600 --> 00:41:02,160
Inviting the all the new 
developers are coming from 

772
00:41:02,160 --> 00:41:04,800
India. 
Like, yeah, I mean, we've, we've

773
00:41:04,800 --> 00:41:10,200
invited a lot of officials from 
India and Bhutan to to see 

774
00:41:10,200 --> 00:41:12,920
what's what's happening in in 
Argentina. 

775
00:41:12,920 --> 00:41:16,720
We've met with the ambassadors 
and we've invited the embassy to

776
00:41:16,720 --> 00:41:18,840
come here and to see a bit 
what's like. 

777
00:41:19,360 --> 00:41:21,920
We're very excited to start 
working with the local 

778
00:41:21,920 --> 00:41:24,400
communities. 
It's very different from 

779
00:41:24,400 --> 00:41:28,000
Argentina in the way that the 
communities and the projects in 

780
00:41:28,000 --> 00:41:29,280
India. 
For a long time, I've been 

781
00:41:29,280 --> 00:41:32,640
working outside of India. 
So they're based in Dubai, 

782
00:41:32,640 --> 00:41:37,440
Singapore, other places for 
mostly regulatory reasons, but 

783
00:41:37,440 --> 00:41:40,880
we hope that you can improve. 
We hope that maybe we can help 

784
00:41:41,000 --> 00:41:44,840
bring the attention and back 
into India with some help from 

785
00:41:44,840 --> 00:41:48,880
the regulatory side of things. 
But yeah, very excited to to 

786
00:41:48,880 --> 00:41:53,160
welcome all these developers to 
have a lot of local attendees. 

787
00:41:53,160 --> 00:41:55,760
I think the focus will be on 
India for sure. 

788
00:41:55,760 --> 00:41:59,600
It will not be a region thing, 
will be India because it's it's 

789
00:41:59,600 --> 00:42:02,200
a continent in itself. 
So yeah, I think, I think. 

790
00:42:02,800 --> 00:42:05,440
I think one of the things that 
could be very interesting there 

791
00:42:05,440 --> 00:42:07,720
like you mentioned is like the 
diaspora coming back, like 

792
00:42:07,720 --> 00:42:12,200
American Indian diaspora coming 
to India and inspiring like the 

793
00:42:12,200 --> 00:42:15,840
local developers there. 
I think that would be probably 

794
00:42:15,840 --> 00:42:19,280
one of the outcomes here is that
you just get this huge 

795
00:42:19,280 --> 00:42:22,520
inspiration within like the in 
the local Indian developer 

796
00:42:22,520 --> 00:42:25,440
community to start buildings for
India rather than like just 

797
00:42:25,440 --> 00:42:27,960
outside of the country, right. 
And as a matter of fact. 

798
00:42:27,960 --> 00:42:31,000
We've been in touch with 
everyone like most of the big 

799
00:42:31,000 --> 00:42:34,440
companies already in India. 
I mean, Polygon is an example. 

800
00:42:34,440 --> 00:42:38,640
The Folio Denver from the Folio 
has been super helpful. 

801
00:42:38,920 --> 00:42:42,960
We, we have some Indian folks in
the air we've been talking with 

802
00:42:42,960 --> 00:42:45,320
and they've been help. 
They've been helping us with 

803
00:42:45,320 --> 00:42:48,880
local contacts and stuff and 
we've been talking. 

804
00:42:48,880 --> 00:42:54,560
I mean, for example, Moody's 
from Polygon is based in it's in

805
00:42:54,560 --> 00:42:57,840
other places. 
There's been A and yes, I agree.

806
00:42:57,840 --> 00:43:00,760
So a great take. 
Like you have people from India 

807
00:43:00,760 --> 00:43:03,400
everywhere in the world working 
the biggest project everywhere. 

808
00:43:04,520 --> 00:43:08,520
The same way, by the way, are 
continuing are in most biggest 

809
00:43:08,520 --> 00:43:12,640
protocols like have a uni swap 
all the biggest. 

810
00:43:12,640 --> 00:43:16,360
You have sometimes one super 
strong and continuing developers

811
00:43:17,000 --> 00:43:19,360
Wonderland was helping with the 
privacy wallet. 

812
00:43:19,360 --> 00:43:23,360
It was a super, super strong dev
shop, which is not I don't think

813
00:43:23,360 --> 00:43:27,960
they like the dev shop, sorry, 
but so you have so much strong 

814
00:43:27,960 --> 00:43:31,440
team from so much also strong 
developers and people from 

815
00:43:31,440 --> 00:43:33,280
India. 
That's I think it's going to be 

816
00:43:33,280 --> 00:43:36,440
interesting and we're going to 
see an interesting momentum. 

817
00:43:36,440 --> 00:43:39,600
So let's see how it goes. 
Mumbai is interesting city. 

818
00:43:40,360 --> 00:43:43,000
Obviously it's not. 
So Mumbai is like the financial 

819
00:43:43,000 --> 00:43:46,080
hub of India. 
The tech hub is more Bangalore, 

820
00:43:46,080 --> 00:43:51,040
but we there's no suitable venue
in Bangalore, although everyone 

821
00:43:51,040 --> 00:43:54,040
from Bangalore will fly. 
I will tell the rain like they 

822
00:43:54,040 --> 00:43:56,240
fully organize it. 
I got on your train the last, 

823
00:43:56,240 --> 00:43:59,160
I'm not sure if you've seen 
that, but that was insane. 

824
00:43:59,160 --> 00:44:01,480
I mean, the guys are so 
motivated like. 

825
00:44:02,720 --> 00:44:05,600
So yeah, we're going. 
We're excited about this one and

826
00:44:05,600 --> 00:44:09,520
see and see what happens. 
Yeah, well, I can't. 

827
00:44:09,640 --> 00:44:12,120
Wait to take this opportunity to
spend like a month in India, 

828
00:44:12,240 --> 00:44:16,000
right? 
And yeah, fantastic. 

829
00:44:16,000 --> 00:44:19,040
Nathan, thank you so much for 
taking the time during this 

830
00:44:19,040 --> 00:44:23,240
very, very busy time for you to 
kind of talk with us. 

831
00:44:23,440 --> 00:44:25,960
And I have to say, you look 
remarkably well for someone who 

832
00:44:25,960 --> 00:44:29,080
hasn't slept in a week doing all
right. 

833
00:44:30,640 --> 00:44:32,280
Thanks. 
Thank you.

