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This is epicenter. 
Episode 465, def con recap, 

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2022, with guests, Nick Johnson,
a trolley cover, David Hoffman. 

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00:00:09,800 --> 00:00:27,200
And Joseph Schweitzer, 
welcome to epicenter the show 

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which talks about Technologies 
projects and people driving 

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Decentralization. 
And the blockchain revolution. 

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I am afraid we can't and I'm 
here with a whole host of people

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live from def con 20, 20 my 
guests today are Nick Johnson 

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from ens a net. 
Raleigh cover from nevermind. 

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David Hoffman from Bankers and 
Joseph Schweitzer from the 

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theorem foundation and we will 
talk about Defcon 20 22, which 

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is just finishing up today. 
But before we do that, let me 

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And on another note, we as 
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link on the show notes, and 
please also share with anyone 

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who you think. 
Think might be a great fit for 

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this and without further delay, 
let's go to the panel. 

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Hi. 
This is Peter Baker coming to 

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you from Bogota on the fourth 
and final day of Def con Defcon 

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6 that is I am here with Joseph 
from the etherium foundation and

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match from never mind, Nick from
ens. 

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And David from Bank - cool. 
Thank you, guys, for joining. 

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This is been a pleasure, maybe 
let's talk the big picture 

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first. 
How have you been enjoying the 

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conference Joseph as the person 
who is, who has been Wearing the

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hatch of organizing this I'll 
give you a dips on the answer. 

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I would say I'm very glad to see
how much the focus has been on 

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the substance as an organizer. 
Its first of all, giant shout 

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out to Skyler, river in the 
whole Devcon team who thanks to 

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multiple years of covid, sat 
through three years of 

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organizing and trying to improve
from one year to the next to the

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next to the next. 
But, Frances, I think tend to 

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break down on lines of either 
hyper substance and is something

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grows larger, you know, from 
where it was at 50 people in 

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2014 to over 6,000. 
It's hard to hold on to 

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providing value to an ecosystem 
at a conference. 

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So when you see lines outside of
every talk Hall and side stage 

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waiting to get into the next 
sessions, rather than lines for 

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the next party. 
Although, I'm sure those were 

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there, too. 
It's, it's always heartening to 

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see the people are making 
productive move. 

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Into a theorem ecosystems 
growth. 

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I'm very happy actually that 
Defcon turned out, very 

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educational. 
I was not expecting it to be 

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like this very much like 
Builder. 

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Fuck you of them very much. 
Like a technical talks, 

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definitely impressed by all the 
high level and like, high 

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educational Talks by like, 
whether that's like such a so 

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many talks on like, ZK e VM and 
Mev, which I really impress. 

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Like, how did they acknowledge 
you grow up since like def con I

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know Sokka when we've been like 
the topics liar, like a little 

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bit less Technical and now is 
that that is like the halbach 

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train and the research and all 
that progress, so much. 

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So it's very, very cool to see, 
like, how the talks are being 

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like different and how much more
Technical and even like almost 

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Academia academic, like dogs, 
we're on the schedule as well. 

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And it's very cool that those 
stilts were even full. 

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And People enjoy these not even 
not only the like a low-level or

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like the social talks as well. 
Yeah, I've been having a great 

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time. 
There's so many talks that I 

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haven't made it to because I 
keep running into people in the 

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halls and and people haven't 
mentioned three plus years and 

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talking to them and catching up,
which I kind of view is the 

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right way to do a conference 
almost because the talks 

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recorded the people aren't. 
And so, you know, it's been 

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great. 
I've also been super impressed 

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with how well organized 
everything is how there's a 

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great mix of technical talks and
like breakout spaces and 

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workshops and panels and it's It
is opportunities to like go 

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somewhere and decompress about 
those opportunities to find 

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somewhere quiet chat with 
people. 

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It's been really good. 
So this is actually my first 

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Devcon in the thing that's 
really sticking out to me. 

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The most is that if you called 
Devcon a Tech conference, you're

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kind of missing it. 
And there's a reason why we 

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Devcon goes to all of these 
weird cities rather than just 

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like San Francisco or New York, 
we're in, we're in Bogota 

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Colombia, and I think that's a 
part, because the theorem is one

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part technology but also one 
part culture. 

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And so we have to find these 
different communities. 

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All around the world that you 
wouldn't otherwise, you know, 

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find in the, the typical 
conference city, like New York 

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and San Francisco. 
Going because the theorem is a 

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social technology and so Defcon 
is a social conference and so 

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it's just not about the tech, 
it's all about, just the ways 

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that etherium and local, 
cultures all around the world 

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integrate with each other and 
just been having a fantastic 

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time. 
Connecting with everyone that 

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hasn't been able to connect in 
the last few years. 

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Because Defcon hasn't happened 
since 2019 and so just seeing 

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the soul and the spirit kind of 
emerge out of this conference 

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has been just a fantastic thing 
to observe. 

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I would definitely second that I
know the hearing Foundation has 

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come under a lot of flak for the
choice of location. 

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I know a couple of people who 
deliberately didn't come because

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they had security concerns and 
so on. 

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But I think it's been a 
fantastic choice of location. 

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In terms of accessibility, I 
mean, in South America, right. 

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So, basically, everything is far
away from where most people are 

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in South America, but Bogota is 
By quite a stretch, one of the 

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more accessible cities. 
The vibe is fantastic. 

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So I think the, the Latin 
American Community has been 

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strong from the get-go and 
usually it's them making the 13 

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now flights except for Nick's, 
always on 13 our flights. 

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But everyone else is sometimes 
you know, gets to do this on 

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their home turf and this is 
never the case for South 

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American. 
So I think this has been A 

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fantastic signal. 
I am Loki, obsessed with the 

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venue. 
I think this is the best venue 

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yet. 
I loved the venue. 

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Basically, you see how many 
people there are, but it's 

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still, it's, it doesn't feel 
crowded because I think the way 

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they've done this architectural 
e with like this really high 

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open space in the middle. 
Absolutely. 

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Fantastic. 
And I love the bathrooms. 

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I know that this is a really 
weird thing to compliment, but I

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absolutely love the bathrooms. 
On. 

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This is the first time that any 
epicenter listener delivered 

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bathroom related comments in the
four hundred some-odd episode 

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history of epicenter. 
So I can lend a little bit of 

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context to this because there's 
a question about, you know what,

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the theorem ecosystem is what 
what it, you know, what it 

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couldn't be, could be should be 
coming off of. 

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Also coming off of the last 
Devcon. 

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Do these funny things about it. 
Where it's it's known and almost

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revered for the things that go 
wrong, you know, that's and this

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time we tried to go ideology was
probably up there, tied at a 

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number one with making sure that
things just work. 

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So, you know, was there, was 
there catering was it accessible

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from the airport, was it 
accessible to a downtown into a 

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city? 
Could people get around the city

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fairly easily but skipping over 
the venue things for the Part. 

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The, the ecosystem is big 
etherium as David Austin says, 

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is it people all the way down 
and but who are those people. 

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So we have this very large 
community and say, Berlin or in 

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Denver is an Francisco or New 
York, and inborn decided, and 

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what will make it all relatively
Unstoppable, unkillable and 

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whatever else is these 
communities continuing to grow 

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in popularity. 
Pop up and create new super 

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cells kind of everywhere. 
And if we only hit where they 

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have already existed, then we 
failed to kind of foster that 

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growth. 
Now, there's a line, right? 

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Where in Bogota and that means 
that there are a lot of people 

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from Venezuela. 
They can come over be at the 

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conference, in a way that they 
would have never been able to 

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experience elsewhere, but of 
course, we can't cross that line

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and go over there because of 
political concern, right? 

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So where can you get where you 
might want to? 

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Where can you go? 
You might want to create impact 

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and further growth because 
regionally it's in an area that 

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might be a great fit. 
You know, we've seen there's 

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eith Medellin next week in 
Panama the week after and kito's

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last week and so you can maybe 
start to create a supercell in 

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the northern half of South 
America, just like there is one 

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in in 8 hours south by playing 
in Buenos Aires and six hours 

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North by playing in New York 
City. 

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And and once you kind of have 
people building Being from 

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everywhere and for every where 
it really starts to become a the

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worldwide community that we 
wanted to be. 

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So I hope that that's something 
that comes from this. 

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There's also and then I'll be 
quiet, but there's something to 

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be said for bringing all of 
these people that might have had

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misconceptions and 
preconceptions about South 

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America and seeing how that's 
changed in a four-day span. 

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You referenced people who I'm 
coming with security, or 

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something, you know, or not 
going at all. 

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And I've been around people who 
in the first day said, I'm not, 

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okay? 
Leaving this hotel. 

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But by day to there at the 
street market and buy day for, 

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they kind of like get to know 
the neighborhood and it's it's 

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quite nice and then I think 
somebody said to me I wouldn't 

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have ever come to this region, 
let alone the city. 

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If the event didn't bring me 
here and I'm used to it being in

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places that I know. 
So I hope that's something that 

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we can learn from. 
Actually, what you just said, I 

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feel like that's why conferences
that are being even organizer 

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hosted. 
Like, I feel like that like the 

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holy theorem Community is like a
full of digital Nomads that 

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basically just travel from a 
conference to conference. 

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And it just allows us to explore
the world and opens up 

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possibilities and options to 
like, where to travel or like 

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visit the new places get to know
new cultures. 

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And I love the Vibrance of the 
Latin American Community, 

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especially as they've been like,
getting ready for this for like 

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three years. 
Three years and seeing the 

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progress in the energy of the 
Latin American community and 

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like the Spanish people at 
Defcon. 

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It's very interesting and 
especially like the people that 

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are around or like translating 
notes or like, you know, even 

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00:12:34,500 --> 00:12:38,000
like talking to your Spanish or 
like doing bunch of like Spanish

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programs. 
I love that. 

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Especially Ali is Spanish 
language in general. 

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So many people speaking Spanish.
So it's kind of cool to see you 

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theorem itself like transforming
into like a more of a bilingual,

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bilingual trilingual. 
Yeah, feeling well like a world 

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where people don't need to know 
only English in order to 

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navigate through the web through
Echo System. 

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But also the Spanish as well, 
and I'm very grateful. 

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So for everybody who puts any 
sort of like work into bringing 

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this country Latin America and 
I'm very excited about the 

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growth and the energy that def 
con and the whole Community is 

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special like people traveled to 
Defcon to Bogota from all around

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the world and now seeing all 
these like energies and 

227
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different cultures at one spot, 
creating like a huge scenery of 

228
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like that connects like the 
technology that he said. 

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Time itself. 
Connects us all together and now

230
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we are making something more 
like a bigger and like 

231
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connecting together and like 
thinking how to like help the 

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ecosystem and how to like crawl 
with even more and how to make 

233
00:13:53,000 --> 00:13:58,400
it more decentralized and 
especially its Latin American 

234
00:13:58,400 --> 00:14:02,900
countries have troubles with 
their own like banking systems 

235
00:14:03,600 --> 00:14:06,400
and seeing what can help with 
that. 

236
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Is very very useful and very 
cool and I'm very grateful that 

237
00:14:11,500 --> 00:14:14,800
Even if you don't Foundation, 
whoever else is excited to host 

238
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Defcon in Bogota and this is 
amazing venue. 

239
00:14:17,300 --> 00:14:20,200
And I'm very grateful to be a 
part of Def con as well. 

240
00:14:22,400 --> 00:14:25,900
Yeah you said earlier that Nick 
always has to travel 13 hours 

241
00:14:25,900 --> 00:14:29,700
but the sad truth is it's more 
like 30 and if I have to travel 

242
00:14:29,700 --> 00:14:32,400
30 hours to somewhere it's nice 
that somewhere new and 

243
00:14:32,400 --> 00:14:34,800
interesting that I haven't been 
before where I can experience 

244
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new cultures and stuff. 
At least the time when I'm not 

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at the conference center. 
And yeah, it's been a really fun

246
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location to have it in and I've 
had a great time. 

247
00:14:45,600 --> 00:14:47,400
I think the thing that stuck out
the most to me about this 

248
00:14:47,400 --> 00:14:51,300
conference so far is that not 
even the etherium a player has 

249
00:14:51,300 --> 00:14:54,200
too much Focus here. 
We're beneath the a player with 

250
00:14:54,200 --> 00:14:57,100
a lot of the content in the 
talks here that's layer 2's. 

251
00:14:57,100 --> 00:15:02,100
There's post-merge etherium EIP 
4844, dang sharding, staking 

252
00:15:02,100 --> 00:15:05,400
infrastructure like and if he's 
in defy don't really have too 

253
00:15:05,400 --> 00:15:09,700
much of an exposure here and I 
think that's kind of emblematic 

254
00:15:09,700 --> 00:15:12,100
of where we are in the etherium 
world. 

255
00:15:12,100 --> 00:15:15,400
And what Defcon really is to 
etherium is it's this very deep 

256
00:15:15,400 --> 00:15:19,500
in the stack conference and I 
haven't been to any other Dove 

257
00:15:19,500 --> 00:15:21,300
counts before. 
But you know, I've heard stories

258
00:15:21,300 --> 00:15:25,000
like I've listened to the other 
epicenter post Devcon episodes 

259
00:15:25,200 --> 00:15:27,400
just to get the recap. 
And it seems to be that this 

260
00:15:27,400 --> 00:15:30,800
Devcon also seems to be 
emblematic of where etherium is 

261
00:15:30,800 --> 00:15:36,100
a large where early defcons were
small and chaotic and you know a

262
00:15:36,100 --> 00:15:39,100
little bit of needed some 
polishing and so was a theorem 

263
00:15:39,100 --> 00:15:42,400
in those early days and now 
we're at this Devcon where the 

264
00:15:42,400 --> 00:15:45,200
city was well there were some 
concerns about Sure. 

265
00:15:45,200 --> 00:15:47,600
I don't really think anything 
anything is actually happened 

266
00:15:47,900 --> 00:15:50,500
and I think if you just put on 
your common sense hat, you 

267
00:15:50,500 --> 00:15:53,000
actually don't really have feel 
exposure to any danger in the 

268
00:15:53,008 --> 00:15:56,300
city. 
And then it's been the perfect 

269
00:15:56,300 --> 00:15:59,800
intersection of the culture of 
Columbia the culture of Bogota, 

270
00:16:00,300 --> 00:16:04,900
but also the very polished and 
well-crafted Conference Center 

271
00:16:04,900 --> 00:16:08,700
and organized event. 
And so vitalik said that 

272
00:16:08,700 --> 00:16:11,700
post-merge aetherium is like 50 
to 60 percent done. 

273
00:16:12,200 --> 00:16:14,100
But also that we're good at 
shipping. 

274
00:16:14,100 --> 00:16:16,800
Now, we're good at Coordinating 
the developers of coordinated 

275
00:16:17,000 --> 00:16:20,900
and it seems to be that that is 
also expressed in Defcon as 

276
00:16:20,900 --> 00:16:25,800
well. 
Whoo-hoo, yeah, let's dig into 

277
00:16:25,800 --> 00:16:30,400
the content. 
What has what have you have you?

278
00:16:30,900 --> 00:16:34,400
I mean, I assume most of you 
haven't gone to that many talks 

279
00:16:34,400 --> 00:16:36,900
because there's tons of people 
here and basically you just kind

280
00:16:36,900 --> 00:16:41,500
of note, which talks you want to
catch up with later on YouTube 

281
00:16:41,600 --> 00:16:45,100
so what which kind of talks 
would that be for you? 

282
00:16:46,900 --> 00:16:50,900
So for any listeners that have 
or haven't read some of these 

283
00:16:50,900 --> 00:16:52,800
published books on the history 
of ethereum. 

284
00:16:53,000 --> 00:16:56,000
What's interesting about them is
they tend to mark their 

285
00:16:56,000 --> 00:16:58,100
timelines by going Devcon to Def
con. 

286
00:16:58,500 --> 00:17:02,900
So, you know, it was Devcon to 
the DDOS attack is underway, you

287
00:17:02,908 --> 00:17:05,700
know, all the crazy things that 
kind of happen from one to 

288
00:17:05,700 --> 00:17:07,500
another. 
We're in Prague, it's def con 

289
00:17:07,500 --> 00:17:10,500
for all of the core developers, 
call an emergency meeting on 

290
00:17:10,500 --> 00:17:12,700
state rent where they come to 
believe that, you know, 

291
00:17:12,700 --> 00:17:16,599
statelessness is no longer or 
the state bloat could become 

292
00:17:16,700 --> 00:17:18,800
Huge issue in time and what 
should we do about it? 

293
00:17:19,700 --> 00:17:21,500
And there are things that came 
up here to that are quite 

294
00:17:21,500 --> 00:17:24,200
interesting. 
You've got Carl, did his 

295
00:17:24,200 --> 00:17:27,400
presentation on something that I
hadn't heard of previously which

296
00:17:27,400 --> 00:17:31,600
was this whole random the 
ceremony that they're working on

297
00:17:32,800 --> 00:17:37,700
while we were here, one of the 
major organizations behind a 

298
00:17:37,700 --> 00:17:42,900
layer 2 solution obtained, a 
major client team. 

299
00:17:43,100 --> 00:17:47,400
So that was kind of interesting 
and I guess it's one of those 

300
00:17:47,400 --> 00:17:50,100
things where I saw tweet 
yesterday and it might have been

301
00:17:50,100 --> 00:17:51,400
yours. 
It might not have it's a 

302
00:17:51,900 --> 00:17:53,500
Walking. 
The Halls of Def con is like 

303
00:17:53,500 --> 00:18:00,600
being in crypto Twitter and it's
there you know SEC is great at 

304
00:18:00,600 --> 00:18:03,600
Denver is great. 
They're all the events that 

305
00:18:04,000 --> 00:18:06,200
Community organizes that are 
thousands of people are cool, 

306
00:18:06,200 --> 00:18:09,200
but it's interesting. 
How it's this event has some 

307
00:18:09,200 --> 00:18:11,100
gravity around it and it's fun 
to see. 

308
00:18:14,400 --> 00:18:22,200
I feel like this stuff come is 
way more like proof of stake has

309
00:18:22,200 --> 00:18:24,800
been a huge thing especially as 
marriage happen like a month 

310
00:18:24,800 --> 00:18:27,500
ago. 
So now seeing like all these 

311
00:18:27,500 --> 00:18:31,300
like post-merge talks, and like 
the technical talks like how a 

312
00:18:31,308 --> 00:18:34,800
theorem can work in. 
Like both smooch word are like 

313
00:18:34,800 --> 00:18:37,500
how we theorem can around even 
on like proof of stake. 

314
00:18:37,500 --> 00:18:40,300
And what kind of dabs we can 
like build and proof of stake 

315
00:18:40,300 --> 00:18:44,000
and even like improvements 
unlike in my TVM ecosystems. 

316
00:18:44,100 --> 00:18:48,300
More like so the T of 
improvements or like a bunch of,

317
00:18:48,300 --> 00:18:51,800
like, ZK knowledge. 
That's like a whole new world 

318
00:18:51,800 --> 00:18:55,900
that emerged to recently. 
I feel like the whole, like, ZK,

319
00:18:56,700 --> 00:19:00,700
ZK in the layer, 2 switch has 
been like blowing off as well. 

320
00:19:01,300 --> 00:19:04,900
Pretty much and also just the 
fact of like how we are 

321
00:19:04,900 --> 00:19:09,500
connecting that with Hall, like 
the cultural Vibe as well as 

322
00:19:09,700 --> 00:19:11,800
downstairs. 
And like the bottom floor, we 

323
00:19:11,800 --> 00:19:15,200
have the community helps with 
It's kind of cool to see like a 

324
00:19:15,208 --> 00:19:19,100
different communities as well, 
taking apart and bringing like 

325
00:19:19,100 --> 00:19:22,900
different vibe to, like the 
whole like developer nerdy, kind

326
00:19:22,900 --> 00:19:27,400
of Builder issue pipe. 
It's very cool to see all that 

327
00:19:27,500 --> 00:19:30,500
emerging. 
And like sorta, like even like, 

328
00:19:30,700 --> 00:19:36,100
you know, putting like puzzling 
together and creating this like 

329
00:19:36,100 --> 00:19:42,800
whole new exhaust system. 
Yeah, I think, you know, 

330
00:19:44,300 --> 00:19:46,200
Probably the talk. 
I've seen that, I liked the 

331
00:19:46,200 --> 00:19:49,300
most, which is, I guess easy, 
because only saw one, but it is 

332
00:19:49,300 --> 00:19:52,000
an excellent talk. 
Is your it walls, talk about 

333
00:19:52,000 --> 00:19:56,300
social coordination around 
slashing, censoring validators. 

334
00:19:56,700 --> 00:19:58,700
And I think that sort of thing 
is going to be a really 

335
00:19:58,700 --> 00:20:02,600
interesting conversation to have
because, you know, we decide our

336
00:20:02,600 --> 00:20:05,200
social norms and the best time 
to decide the social norms is 

337
00:20:05,200 --> 00:20:07,600
before the disaster happens, not
while it's happening. 

338
00:20:07,600 --> 00:20:11,000
You know, the reason the Dow was
contentious is because we hadn't

339
00:20:11,000 --> 00:20:14,300
had that conversation before 
hand of So what will we do if 

340
00:20:14,300 --> 00:20:18,000
something like this happened? 
And so I think it's amazing that

341
00:20:18,000 --> 00:20:21,100
people are bringing up topics 
like this at Devcon so that we 

342
00:20:21,100 --> 00:20:22,500
can really get that 
conversation. 

343
00:20:22,500 --> 00:20:26,100
Kick-started what I'm looking 
forward to watching afterwards, 

344
00:20:26,100 --> 00:20:30,400
is all of the talks about base 
layer, evm improvements, and, 

345
00:20:30,600 --> 00:20:33,300
you know, components, like ZK 
snacks and stuff like that. 

346
00:20:33,300 --> 00:20:35,900
And how we can evolve the base 
layer to better support them 

347
00:20:36,300 --> 00:20:40,400
because ethereum ultimately 
survives by being the best 

348
00:20:40,400 --> 00:20:42,500
infrastructure for a variety of 
applications. 

349
00:20:42,500 --> 00:20:46,800
Rather than Going to build the 
applications in and then also 

350
00:20:46,800 --> 00:20:49,900
just reading about some of those
listening to some of the 

351
00:20:49,900 --> 00:20:52,900
projects that are being built on
those sort of improvements, you 

352
00:20:52,900 --> 00:20:55,500
know. 
So so dark Forest is near and 

353
00:20:55,508 --> 00:20:57,500
dear to my heart. 
I think it's an amazing game, I 

354
00:20:57,500 --> 00:21:03,000
love that it's not you know, 
pei-pei to earn and we'll play 

355
00:21:03,000 --> 00:21:06,200
to you know learn or what not. 
It's just a game that's fun 

356
00:21:06,200 --> 00:21:08,700
legitimately good. 
It happens to be built an 

357
00:21:08,700 --> 00:21:12,100
entirely decentralized fashion 
and I love seeing those sort of 

358
00:21:12,100 --> 00:21:15,100
things evolving like The 
non-financial cases on top of 

359
00:21:15,100 --> 00:21:17,600
ethereum and on top of new 
improvements, we can build to 

360
00:21:17,608 --> 00:21:22,000
the VM and so forth. 
The talk that's now living 

361
00:21:22,000 --> 00:21:23,900
rent-free. 
My brain is definitely Carl 

362
00:21:23,900 --> 00:21:26,100
flourishes. 
Talk about bedrock in the Opie 

363
00:21:26,100 --> 00:21:29,200
stack and Carl floors. 
First off is a fantastic 

364
00:21:29,200 --> 00:21:32,000
presenter. 
He's just exudes like this 

365
00:21:32,000 --> 00:21:36,900
vitality and this energy and 
this optimism and the, haha, 

366
00:21:36,900 --> 00:21:41,000
optimism and Bedrock is all 
about this. 

367
00:21:41,600 --> 00:21:44,900
What is like simply defined as 
like the ERC, 20 standard, but 

368
00:21:44,900 --> 00:21:48,500
for layer twos, and so, as a 
theory, I'm has become more 

369
00:21:48,500 --> 00:21:51,500
modular The layer two teams are 
also learning that layer 2 is 

370
00:21:51,500 --> 00:21:53,400
also need to follow an 
appearance, forceps, and also 

371
00:21:53,400 --> 00:21:56,700
become modular as well. 
And so the Opie stack and 

372
00:21:56,700 --> 00:22:01,400
Bedrock is this infrastructure 
for plugging in different parts 

373
00:22:01,400 --> 00:22:03,200
of what makes a blockchain. 
So like, what do you want? 

374
00:22:03,200 --> 00:22:06,000
You want to optimism fraud 
proof, or do you want to as EK 

375
00:22:06,000 --> 00:22:07,900
prove? 
Are where do you want your data?

376
00:22:07,900 --> 00:22:09,100
You want to put your data on the
theorem? 

377
00:22:09,100 --> 00:22:10,400
We want to do one of the 
validity. 

378
00:22:10,400 --> 00:22:14,600
I'm but it's like the skeleton 
to produce, any layer twos, but 

379
00:22:14,600 --> 00:22:16,300
he connected in the way that he 
presented it. 

380
00:22:16,300 --> 00:22:19,200
In the slides that whoever made 
those slides knows Carl Fogarty.

381
00:22:19,400 --> 00:22:21,900
Rush and a very personal level, 
because they know how he, like, 

382
00:22:21,900 --> 00:22:24,600
presents and talks. 
And this, this story that he 

383
00:22:24,600 --> 00:22:27,800
tells it tells where he talks 
about the first ideas of 

384
00:22:27,800 --> 00:22:31,100
optimism to where we are now and
how every single time, like they

385
00:22:31,100 --> 00:22:33,200
all come together, they all 
realize that they don't know, 

386
00:22:33,400 --> 00:22:35,600
they don't know shit about what 
they were talking about six 

387
00:22:35,600 --> 00:22:37,400
months ago and actually had to 
go back to the drawing board 

388
00:22:37,400 --> 00:22:40,200
over and over and over again. 
And this is something that all 

389
00:22:40,200 --> 00:22:42,700
layer two teams are doing and 
also how a theorem is done. 

390
00:22:43,400 --> 00:22:46,700
And and so the the agency the 
evolution of optimism in the 

391
00:22:46,708 --> 00:22:49,200
philosophy, I think of it, I 
think it's really really strong.

392
00:22:49,300 --> 00:22:53,300
And especially as 2021 was the 
year of cross train bridge 

393
00:22:53,300 --> 00:22:56,900
facts, and what they're really 
building is a system without 

394
00:22:56,900 --> 00:23:00,300
bridges in a single single 
shared network of many, many 

395
00:23:00,300 --> 00:23:01,700
chains. 
And so that has lived rent-free 

396
00:23:01,700 --> 00:23:05,400
in my brain It's not a comment 
on this and I'll put that past 

397
00:23:05,400 --> 00:23:08,800
back to Federica. 
But this is one of the things 

398
00:23:08,800 --> 00:23:11,600
that I think the etherium 
ecosystem does best especially 

399
00:23:11,600 --> 00:23:15,500
when they're all in one place is
they're allowed to throw stones 

400
00:23:15,500 --> 00:23:18,200
at one another and at rapid 
speed. 

401
00:23:18,300 --> 00:23:21,000
So, whereas in a lot of other 
ecosystems, you end up with a 

402
00:23:21,008 --> 00:23:24,300
bottleneck as there is somebody 
that is legitimately smart and 

403
00:23:24,300 --> 00:23:27,500
doing legitimately good work. 
But we all wait to see on what 

404
00:23:27,500 --> 00:23:29,900
the figure does next in a 
theorem World. 

405
00:23:29,900 --> 00:23:33,000
You'll have you know Carl might 
disagree with Even might 

406
00:23:33,000 --> 00:23:35,600
disagree with Proto and that's 
just optimism. 

407
00:23:35,800 --> 00:23:38,800
And then, you know, the whatever
the off chain Labs does and now 

408
00:23:38,800 --> 00:23:41,000
Prismatic with them, that's just
optimistic. 

409
00:23:41,000 --> 00:23:43,700
Roll-Ups and then there's the 
matter Labs team Stark where 

410
00:23:43,700 --> 00:23:46,500
folks, whatever fuel is doing. 
And you've got the three 

411
00:23:46,500 --> 00:23:50,700
different Z, KV M projects going
at it with one another the rapid

412
00:23:50,700 --> 00:23:52,500
iteration in constant 
competition. 

413
00:23:52,500 --> 00:23:55,500
Yields the best results in a way
that simple competing roadmaps 

414
00:23:55,500 --> 00:23:58,400
can't and it's a really cool 
feature. 

415
00:23:58,400 --> 00:24:03,400
Not a bug of Real 
decentralisation. 

416
00:24:05,400 --> 00:24:07,300
Yeah, absolutely. 
And that's totally also 

417
00:24:07,300 --> 00:24:09,900
reflected in the booth space, 
right? 

418
00:24:09,900 --> 00:24:13,800
So, basically, booths often they
are just, you know, tables, you 

419
00:24:13,808 --> 00:24:17,100
know, it's Swag dealers 
essentially like, can I get a 

420
00:24:17,108 --> 00:24:20,100
t-shirt in size? 
M, sort of thing, but there were

421
00:24:20,100 --> 00:24:23,300
so many outstanding 
conversations at the posts. 

422
00:24:23,300 --> 00:24:27,000
And I maybe I passed to Nick 
first, because Nick you had 

423
00:24:27,000 --> 00:24:31,100
like, you had one of the most 
popular boots people queued up 

424
00:24:31,100 --> 00:24:35,000
for longer than an hour to 
actually engage with you. 

425
00:24:35,100 --> 00:24:38,400
Right. 
Yeah, it's been, it's been 

426
00:24:38,400 --> 00:24:41,200
exciting. 
For those who don't know, what 

427
00:24:41,200 --> 00:24:44,700
we did is we did this 
integration where you can come 

428
00:24:44,700 --> 00:24:47,100
to the booth, we recommend 
people pre-register because we 

429
00:24:47,100 --> 00:24:48,200
know not everyone brings a 
while. 

430
00:24:48,200 --> 00:24:52,400
I watch you prove your DNS name 
and you get this card that shows

431
00:24:52,400 --> 00:24:55,300
who you are visually, but you 
can scan it with any phone and 

432
00:24:55,300 --> 00:24:58,700
get a poet that says I met Nick 
Dottie that Devcon sex or you 

433
00:24:58,700 --> 00:25:01,900
know, whoever whoever you are 
and then we also put together a 

434
00:25:01,908 --> 00:25:05,000
leader board showing who has met
the most people at Defcon sex 

435
00:25:05,800 --> 00:25:09,000
and it's been Lie beyond our 
expectations popular. 

436
00:25:09,000 --> 00:25:12,100
We got 2,000 cards and we were 
like, well, we'll use 1040 of 

437
00:25:12,100 --> 00:25:14,300
Khan, and it will save a 
thousand for the next event. 

438
00:25:14,300 --> 00:25:17,800
No, day one, we went through 
like 11:00 cards day two, we 

439
00:25:17,800 --> 00:25:20,300
used almost all the remaining 
ones and by beginning of day 

440
00:25:20,300 --> 00:25:24,000
three, we were out and I've been
blown away by how it's gone. 

441
00:25:24,000 --> 00:25:27,000
But I think speaking more 
generally I really love the div 

442
00:25:27,000 --> 00:25:30,200
Concepts approach to booths 
which is, you know, it most 

443
00:25:30,200 --> 00:25:33,900
conferences being a sponsor, 
buys you a booth and then the 

444
00:25:33,900 --> 00:25:36,700
booth is like Chill Zone, 
Central kind of thing. 

445
00:25:36,800 --> 00:25:40,100
You know, whereas here that the 
two are decoupled and there's 

446
00:25:40,100 --> 00:25:43,900
these booths and there's the the
other ones upstairs and they are

447
00:25:43,900 --> 00:25:47,300
rotating through the event and 
it's a mixture of you know, 

448
00:25:47,300 --> 00:25:50,800
organizations like ours, you 
know, public goods of companies 

449
00:25:50,800 --> 00:25:55,200
and of like you know Grassroots 
projects and they're all 

450
00:25:55,200 --> 00:25:57,000
bringing people in to talk about
their projects. 

451
00:25:57,000 --> 00:25:59,200
There's a lot of 
cross-pollination in some ways 

452
00:25:59,200 --> 00:26:01,700
the most valuable conversations 
we've had it been since we ran 

453
00:26:01,700 --> 00:26:04,600
out of cards because then we 
have more than 20 seconds to 

454
00:26:04,600 --> 00:26:06,700
speak to each person before we 
have to move them. 

455
00:26:06,900 --> 00:26:09,400
To get the next card out. 
It's been. 

456
00:26:09,400 --> 00:26:15,100
It's been really amazing. 
Vitalik, tweeted that at 

457
00:26:15,100 --> 00:26:17,900
Vatican. 
It's two popes per square mile 

458
00:26:17,900 --> 00:26:22,100
and that at Defcon sex, it's to 
Poe apps per square meter. 

459
00:26:22,100 --> 00:26:24,100
And I think this was just about,
right? 

460
00:26:24,300 --> 00:26:28,800
So yeah, congrats on this, super
cool way of engaging with the 

461
00:26:28,800 --> 00:26:30,700
community and getting them to 
use stuff. 

462
00:26:31,900 --> 00:26:36,200
What about all of yours? 
Both experience? 

463
00:26:36,200 --> 00:26:40,400
So I know that. 
I mean, usually, I mean, how did

464
00:26:40,400 --> 00:26:44,500
you select sponsors, right? 
So basically, it seemed 

465
00:26:44,500 --> 00:26:50,700
incredibly curated. 
So you know Dave connects taught

466
00:26:50,700 --> 00:26:55,000
us a lot of lessons. 
And the question when organizing

467
00:26:55,300 --> 00:26:58,000
that event was what would it 
look like if you just called 

468
00:26:58,000 --> 00:27:02,400
everybody to town to build with 
one another for a week, because 

469
00:27:02,400 --> 00:27:09,900
too often the events are sensory
overload and it's harder to be 

470
00:27:09,900 --> 00:27:13,100
productive. 
Also, the wrong groups can 

471
00:27:13,100 --> 00:27:16,500
sometimes get featured. 
So we decided to forgo sponsors 

472
00:27:16,500 --> 00:27:18,900
all together this year. 
There was there were two 

473
00:27:18,900 --> 00:27:21,600
separate tracks, one was impact 
hubs which is what Nick did a 

474
00:27:21,608 --> 00:27:24,600
walk through that in a second 
and the other was supporters, 

475
00:27:24,600 --> 00:27:27,400
weather is a swag Zone and I'll 
explain why we thought about for

476
00:27:27,400 --> 00:27:29,500
going this all together. 
But the supporter track was 

477
00:27:29,500 --> 00:27:32,400
fairly simple. 
There's no real set of benefits.

478
00:27:32,400 --> 00:27:36,100
You brand the room, you get the 
VIP stage, you know, after party

479
00:27:36,100 --> 00:27:38,300
for these people. 
It was more of, we just held a 

480
00:27:38,308 --> 00:27:41,400
public goods around. 
So, people could contribute 

481
00:27:41,400 --> 00:27:49,900
toward get coins, CLR fun deeth,
Columbia, or Was a good coin 

482
00:27:49,900 --> 00:27:52,600
around. 
There was one other but protocol

483
00:27:52,600 --> 00:27:54,800
guilty. 
Of course this is Trends project

484
00:27:54,800 --> 00:27:58,000
and those funds go directly 
toward a lot of the core 

485
00:27:58,000 --> 00:28:04,000
developers, but we also wanted 
to keep the venue clean. 

486
00:28:04,400 --> 00:28:10,200
So the folks that were aligned 
and that participated have a 

487
00:28:10,200 --> 00:28:13,200
smaller space upstairs in which 
they can give away the swag but 

488
00:28:13,200 --> 00:28:14,700
it's not the same as the impact 
booths. 

489
00:28:14,800 --> 00:28:17,900
This way at least, you know, 
we're, we've all been to Able to

490
00:28:17,900 --> 00:28:20,500
kind of, like, pass through 
without kind of floors and piles

491
00:28:20,500 --> 00:28:22,200
of t-shirts. 
The impact hubs are. 

492
00:28:22,300 --> 00:28:23,600
This is where you specifically 
go. 

493
00:28:23,600 --> 00:28:26,200
This is the big area, meet the 
layer, two teams, meet the 

494
00:28:26,200 --> 00:28:29,600
client teams, meet the ecosystem
leaders, meet the solidity team,

495
00:28:29,600 --> 00:28:32,700
aetherium dot-org, the people 
doing the educating, the grants 

496
00:28:32,700 --> 00:28:37,100
folks, and it's meant to be an 
impact space and not just a 

497
00:28:37,100 --> 00:28:39,400
shell space. 
I like the idea of a dedicated, 

498
00:28:39,400 --> 00:28:41,800
you know, chill space on 
occasion because we all like to 

499
00:28:41,800 --> 00:28:45,700
walk away with bags and bags of 
things but it shouldn't just be 

500
00:28:45,708 --> 00:28:50,800
pay for play and we tried to 
reflect some of Actually it's 

501
00:28:50,800 --> 00:28:53,700
none of mine has a both as well.
And this is my first time at a 

502
00:28:53,700 --> 00:28:57,600
conference where actually I'm 
better with a company that has a

503
00:28:57,600 --> 00:29:01,600
vote and it's been an amazing 
experience for me as we are in 

504
00:29:01,600 --> 00:29:06,700
the impact Hub as well. 
Which is amazing to like see all

505
00:29:06,700 --> 00:29:12,700
the projects and all the like, 
yeah like layers whether that's 

506
00:29:12,700 --> 00:29:19,700
like, you know, a theorem it's a
I'm Carl protocol layers and all

507
00:29:19,700 --> 00:29:26,800
these like a companies that are 
key infrastructure projects that

508
00:29:26,800 --> 00:29:30,100
are supporting the, theorem 
itself to be on like one floor 

509
00:29:30,100 --> 00:29:33,900
and where you can, like, you are
able to like even a sort of like

510
00:29:33,900 --> 00:29:38,000
a collaborate together or like, 
you know, as there were two 

511
00:29:38,000 --> 00:29:42,400
companies that at some point 
March 21 and had like one booth 

512
00:29:42,400 --> 00:29:47,100
together, sort of and it's funny
to like see this Emerging, but 

513
00:29:47,100 --> 00:29:51,000
they also just like gray, 
tulasi, all the builders, and, 

514
00:29:51,000 --> 00:29:56,400
like everybody to be focused on 
the impact hubs and on the core 

515
00:29:56,400 --> 00:30:00,900
infrastructure projects rather 
than just focus on like a defy 

516
00:30:00,900 --> 00:30:05,300
or like, you know, order like 
commercial like projects and 

517
00:30:05,500 --> 00:30:10,200
it's great to like see that. 
Mainly those impact help boots 

518
00:30:10,400 --> 00:30:12,700
are like those like 
infrastructure projects. 

519
00:30:13,300 --> 00:30:17,400
Go to the biggest like Like a 
light or biggest like, 

520
00:30:17,400 --> 00:30:21,300
highlights space, where most of 
the people are hanging out and 

521
00:30:21,300 --> 00:30:24,300
it's not only just the grab a 
swag, but it's usually all these

522
00:30:24,300 --> 00:30:28,700
conversations that we had at the
both where we're very impactful 

523
00:30:29,300 --> 00:30:33,000
and was very educational and 
like people coming to us and 

524
00:30:33,000 --> 00:30:37,100
asking us or like how to run the
like murder Minds client and 

525
00:30:37,100 --> 00:30:39,200
like all these kind of technical
questions. 

526
00:30:39,200 --> 00:30:42,900
Well, which is very great that 
we are able to support the gun 

527
00:30:42,900 --> 00:30:45,000
as well on behalf of another 
mind. 

528
00:30:45,000 --> 00:30:49,900
And Other projects. 
Actually, I haven't had much 

529
00:30:49,900 --> 00:30:52,200
time in the booth so I didn't 
have much of a booth experience.

530
00:30:53,600 --> 00:30:55,800
If I could just interject one 
more thing going back to the 

531
00:30:55,800 --> 00:30:59,500
whole benefits of being in 
Colombia and events in different

532
00:30:59,500 --> 00:31:03,500
locations day. 
One morning of day one, we had a

533
00:31:03,500 --> 00:31:06,800
couple of the security staff the
venue approach us and say the 

534
00:31:06,800 --> 00:31:08,400
queue in front of your booth is 
too long. 

535
00:31:08,800 --> 00:31:12,000
It's a fire hazard and you know,
it's gets in the way and we're 

536
00:31:12,000 --> 00:31:14,600
like no problem. 
We'll can we set a limit here? 

537
00:31:14,600 --> 00:31:16,100
We'll put a sign out. 
Will turn people away. 

538
00:31:16,100 --> 00:31:18,300
They're like, great, thank you 
morning of day three. 

539
00:31:18,300 --> 00:31:19,800
They come back. 
And I'm like, what is it? 

540
00:31:19,800 --> 00:31:22,100
And they like, where can we get 
one of those carbs? 

541
00:31:22,900 --> 00:31:27,300
And We given showed them how to 
set up an etherium wallet like 

542
00:31:27,300 --> 00:31:29,500
grid, just a couple of names for
them and we printed the cards 

543
00:31:29,500 --> 00:31:31,200
off, and now they're walking 
around the venue with them. 

544
00:31:31,200 --> 00:31:36,300
So, you know, local impact that 
is super sweet. 

545
00:31:37,300 --> 00:31:41,200
Let's talk about the future. 
So obviously this was Defcon 6 

546
00:31:41,200 --> 00:31:43,500
and Def con has evolved a lot 
over the years. 

547
00:31:43,700 --> 00:31:47,000
Can you leaked some Alpha about 
Defcon 7 because I heard 

548
00:31:47,000 --> 00:31:52,700
Istanbul is that correct? 
So interestingly there's always 

549
00:31:52,700 --> 00:31:55,100
a favorite couple of cities that
are shelled. 

550
00:31:55,100 --> 00:31:57,600
Hard online, we learned some 
lessons. 

551
00:31:58,700 --> 00:32:02,300
Most of this is fairly public. 
Maybe this will also be Alpha. 

552
00:32:02,500 --> 00:32:06,500
But in the past we've undergone 
searches where you pick the city

553
00:32:06,500 --> 00:32:11,500
before we picked a venue and 
that turned out very poorly. 

554
00:32:11,700 --> 00:32:17,300
When we then chose another city 
that again, this has been 

555
00:32:17,500 --> 00:32:19,900
referenced in a book but with 
some incorrect details that I 

556
00:32:19,908 --> 00:32:21,300
won't call. 
Folks out here. 

557
00:32:21,500 --> 00:32:24,000
But essentially, you know, then 
just before announcing this, 

558
00:32:24,000 --> 00:32:26,700
when you find out what a lot of 
people ended up, criticizing of 

559
00:32:26,700 --> 00:32:29,200
the sock, I had to do with 
distance of time from airport, 

560
00:32:29,200 --> 00:32:31,800
to venue, or from venue to City,
so, you pivot again, and that's 

561
00:32:31,800 --> 00:32:33,800
kind of how we ended up with 
Prague, but we had two 

562
00:32:33,800 --> 00:32:37,100
selections beforehand. 
So a lot of folks like Istanbul.

563
00:32:37,300 --> 00:32:43,600
A lot of people have started 
talking about Vietnam, I've been

564
00:32:43,600 --> 00:32:46,600
chilled on places in Greece and 
in Belgrade. 

565
00:32:47,100 --> 00:32:49,600
Usually the way it works is 
you've got to look at what you 

566
00:32:49,600 --> 00:32:52,300
want to accomplish. 
Shhhh, whether it's impact work,

567
00:32:52,500 --> 00:32:55,300
you know, then there's venue 
available availability and all 

568
00:32:55,300 --> 00:32:59,700
the logistics that go into, you 
know, can women walk the street 

569
00:32:59,700 --> 00:33:03,100
safely? 
As safely as men can, is the 

570
00:33:03,100 --> 00:33:05,800
government friendly and able to 
help her? 

571
00:33:05,800 --> 00:33:07,800
Is it, you know, dictatorial, 
spacious, something that might 

572
00:33:07,800 --> 00:33:09,300
not reflect what we're looking 
at. 

573
00:33:09,300 --> 00:33:12,000
You know, what reflects the 
values of the etherium 

574
00:33:12,000 --> 00:33:13,600
ecosystem, there's just a lot to
consider. 

575
00:33:13,700 --> 00:33:18,900
So, the truth is TBD, but I 
think that I really enjoyed the 

576
00:33:18,900 --> 00:33:22,300
Shilling, personally, Because 
it's just great to see. 

577
00:33:23,000 --> 00:33:25,300
You got to like, imagine the 
possibilities of it all. 

578
00:33:25,500 --> 00:33:30,900
I mean for a lot of people that 
might listen, you know, to 

579
00:33:30,900 --> 00:33:35,200
podcasts like epicenter may also
be in the maker Mafia of what a 

580
00:33:35,208 --> 00:33:39,100
scientist. 
And you know there was also this

581
00:33:39,100 --> 00:33:42,800
was a thing and a lot of people 
had to go look at cities like 

582
00:33:42,800 --> 00:33:45,400
this in Buenos Aires and then 
talk about why and what should 

583
00:33:45,400 --> 00:33:47,300
the event B? 
So on and so forth. 

584
00:33:47,300 --> 00:33:50,300
And by the way, they put on a 
great athlete. 

585
00:33:50,500 --> 00:33:54,100
Tom last month too. 
But yeah, I think it would start

586
00:33:54,100 --> 00:33:56,500
to shape up fairly quickly but 
it's not there yet. 

587
00:33:56,500 --> 00:33:59,600
So I don't have any spoilers for
you but a lot of people here, 

588
00:33:59,600 --> 00:34:02,300
you know, you hear that ringing 
from the Vietnam folks and from 

589
00:34:02,300 --> 00:34:07,500
the itu the University Club out 
of Istanbul as well. 

590
00:34:07,500 --> 00:34:11,400
They make a lot of good noise. 
I hope it's yeah Defcon is for 

591
00:34:11,400 --> 00:34:16,300
historical purposes, tended to 
rotate Eastward but past isn't 

592
00:34:16,300 --> 00:34:18,800
necessarily present also, you've
got the hold of connecting in 

593
00:34:18,800 --> 00:34:20,000
the mix. 
It will see what happens. 

594
00:34:23,600 --> 00:34:27,600
Nick one, one, one day we will 
all come to New Zealand, like 

595
00:34:27,600 --> 00:34:33,000
just just as here and Hassocks. 
Oh, what, in terms of size? 

596
00:34:33,000 --> 00:34:38,600
So, I mean, the these events 
they've kind of reflecting the 

597
00:34:38,600 --> 00:34:42,300
community, they've grown. 
And I mean, obviously, demand 

598
00:34:42,300 --> 00:34:46,800
has been much larger than actual
space to accommodate at Indies. 

599
00:34:47,400 --> 00:34:50,300
Where do you think we're headed?
I would actually pass. 

600
00:34:50,500 --> 00:34:53,199
This question along to David 
knows the community better than 

601
00:34:53,199 --> 00:34:55,500
most I would pass it along to 
Nick who interacts with a lot of

602
00:34:55,507 --> 00:34:58,100
dap users and as well you've 
been a community person for a 

603
00:34:58,100 --> 00:35:00,800
long time. 
One of the first things that I 

604
00:35:00,800 --> 00:35:03,200
said was as an event grows 
larger and larger and larger, it

605
00:35:03,200 --> 00:35:05,300
makes it a little bit more 
difficult to maintain its soul 

606
00:35:06,000 --> 00:35:09,700
and so I'm on a little bit of a 
listening tour. 

607
00:35:10,000 --> 00:35:14,800
The deaf connect was an 
experiment but that form factor 

608
00:35:14,800 --> 00:35:17,000
could potentially grow to any 
size. 

609
00:35:17,300 --> 00:35:20,900
Because if you had a 50,000 
person gathering in a People 

610
00:35:20,900 --> 00:35:24,600
could very easily segment to one
side of the street for newer 

611
00:35:24,600 --> 00:35:27,800
users to another fork or 
research to another for, you 

612
00:35:27,800 --> 00:35:31,200
know, Mev things. 
And another for defy Focus, 

613
00:35:31,400 --> 00:35:33,600
everybody gets a stage, 
everybody gets to talk of 

614
00:35:33,600 --> 00:35:35,600
entually defcons, very research 
conference. 

615
00:35:35,600 --> 00:35:39,700
You in the they said, on the 
main stage, in the sense that 

616
00:35:39,700 --> 00:35:42,200
you might have a fifteen twenty 
percent approval rate for talks,

617
00:35:42,300 --> 00:35:44,400
you're bound to annoy some 
people, but then you're bound to

618
00:35:44,400 --> 00:35:47,100
have some, you know, side events
around the city to make up for 

619
00:35:47,100 --> 00:35:48,100
it. 
But not, everybody can get to 

620
00:35:48,107 --> 00:35:51,600
those things. 
So my question is, What would 

621
00:35:51,600 --> 00:35:54,100
you guys like to see in a future
Devcon? 

622
00:35:54,300 --> 00:35:57,800
Should there be should be, you 
know, multiple events should the

623
00:35:57,800 --> 00:36:00,500
community owns? 
Some could it just keep growing 

624
00:36:00,500 --> 00:36:03,900
to be you know, whatever venue 
size will hold 10,000 or 20,000 

625
00:36:03,900 --> 00:36:07,300
because we deserve our Olympic 
opening opening ceremony or our 

626
00:36:07,300 --> 00:36:10,000
Super Bowl or World Cup final 
and it doesn't have to be 

627
00:36:10,000 --> 00:36:12,400
distributed or would you like to
see a distributed so on and so 

628
00:36:12,400 --> 00:36:14,100
forth, curious about your 
thoughts. 

629
00:36:16,800 --> 00:36:18,900
I think one of the reasons why 
this particular Defcon is so 

630
00:36:18,900 --> 00:36:23,000
magical is a little bit about 
the timing recently post-merge 

631
00:36:23,000 --> 00:36:25,100
etherium. 
And so now we all feel like 

632
00:36:25,100 --> 00:36:28,200
we're turning a page for 
etherium and so now we all kind 

633
00:36:28,200 --> 00:36:30,200
of need to look around is like 
hey what's what do we focus on 

634
00:36:30,200 --> 00:36:31,700
next? 
What's the new thing to focus 

635
00:36:31,700 --> 00:36:33,800
on? 
So this F Khan is cool because 

636
00:36:33,900 --> 00:36:36,500
just we just happened to go 
post-merge six weeks ago or 

637
00:36:36,500 --> 00:36:39,900
however long it was the other 
Serendipity here is that we're 

638
00:36:40,000 --> 00:36:44,100
at the bottom of a bear market 
and so you don't really see any 

639
00:36:44,100 --> 00:36:46,900
of you. 
Hopefully the bottom And that 

640
00:36:46,900 --> 00:36:49,400
means that the right people are 
here because you don't get any 

641
00:36:49,400 --> 00:36:51,100
of the fluff that you get at the
top. 

642
00:36:51,400 --> 00:36:54,300
I would hate to see Devcon the 
first Devcon after three years 

643
00:36:54,300 --> 00:36:57,500
of covid to be tainted by a 
bunch of people that are 

644
00:36:57,500 --> 00:36:59,400
tourists, that aren't here for 
the right reasons and are 

645
00:36:59,400 --> 00:37:01,300
directing the conversation ways 
that are unhelpful. 

646
00:37:01,300 --> 00:37:04,000
And so, this Defcon is magical 
because of that. 

647
00:37:04,000 --> 00:37:08,700
And so, for future defcons, when
it comes to size, you know, 

648
00:37:08,700 --> 00:37:11,200
can't really predict what the 
markets will do. 

649
00:37:11,200 --> 00:37:12,900
But I think all defcons that are
in Bear markets. 

650
00:37:12,900 --> 00:37:14,900
So probably going to be more 
vibrant than the ones that are 

651
00:37:14,900 --> 00:37:16,500
in Bull markets in. 
Trustingly enough. 

652
00:37:17,200 --> 00:37:20,300
However, the whole idea about 
etherium is to scale out to the 

653
00:37:20,308 --> 00:37:23,500
whole entire world, but the way 
the etherium does this is 

654
00:37:23,500 --> 00:37:26,200
through modularity. 
And so as a theorem gets bigger 

655
00:37:26,200 --> 00:37:29,100
and as Devcon gets bigger, I 
think we do have to lean into a 

656
00:37:29,100 --> 00:37:33,300
modular design structure of for 
the conference with there are 

657
00:37:33,300 --> 00:37:36,700
going to the theorem is going to
produce ecosystems that people 

658
00:37:36,700 --> 00:37:38,700
are going to care about one 
thing and not care about another

659
00:37:38,700 --> 00:37:40,700
thing. 
And so there are people like, 

660
00:37:40,700 --> 00:37:43,400
Phil Diane, who, he's just going
to only talk about Mev. 

661
00:37:43,900 --> 00:37:47,100
And eventually, Mev is going to 
be Entire industry. 

662
00:37:47,500 --> 00:37:50,600
And that is also going to be the
same for layer 2's, because 

663
00:37:50,600 --> 00:37:52,800
every layer 2 is also going to 
have his own network of chains 

664
00:37:52,800 --> 00:37:54,400
on top of it. 
And that's going to produce 

665
00:37:54,400 --> 00:37:59,100
entire Industries and I feel 
like I can say this on behalf of

666
00:37:59,100 --> 00:38:01,100
the entire theorem ecosystem, 
but we feel like we're on the 

667
00:38:01,100 --> 00:38:03,700
cusp of so many Technologies, 
really hitting their maturity 

668
00:38:04,300 --> 00:38:07,300
and that is going to produce an 
industry for every single 

669
00:38:07,300 --> 00:38:09,300
cohort, every single sector of 
aetherium. 

670
00:38:09,800 --> 00:38:13,300
And so I think the question is 
like not how do we not have a 

671
00:38:13,300 --> 00:38:15,600
monolithic Devcon where we scale
up? 

672
00:38:15,700 --> 00:38:18,500
Out at to 20,000 people and we 
lose its soul. 

673
00:38:18,700 --> 00:38:20,800
But how do we have 
compartmentalize defcons? 

674
00:38:20,800 --> 00:38:22,800
Where they're all like, they're 
all the same time. 

675
00:38:22,800 --> 00:38:25,400
We're all in the same city but 
they're more modular and 

676
00:38:25,400 --> 00:38:29,500
specialize in different areas. 
And so we have like the Mev the 

677
00:38:29,500 --> 00:38:34,700
layer to the proof of stake and 
we get to be more precise about 

678
00:38:34,700 --> 00:38:37,200
every single part. 
But we also get to have the 

679
00:38:37,200 --> 00:38:39,200
large large conference that 
aetherium deserves. 

680
00:38:42,500 --> 00:38:46,900
Well, we may even see feel that 
I am house its own death 

681
00:38:46,900 --> 00:38:52,500
concern. 
But no, I mean on behalf of 

682
00:38:52,500 --> 00:38:55,000
return, magicians. 
We hosted the event at the 

683
00:38:55,000 --> 00:38:58,500
Kinect, which was very cool. 
And I feel like that was great. 

684
00:38:58,700 --> 00:39:02,500
As there was like, one Central 
way where everybody could 

685
00:39:02,500 --> 00:39:05,200
connect which was the co-working
space and then it was like 

686
00:39:05,200 --> 00:39:10,100
scattered all around the city. 
But I feel like even hearing 

687
00:39:10,100 --> 00:39:12,900
from people, I feel like they 
Like, oh, but we are like 

688
00:39:12,900 --> 00:39:16,800
confused, but also, it was great
on another side. 

689
00:39:16,800 --> 00:39:20,500
As there was many venues and 
many different communities as 

690
00:39:20,500 --> 00:39:21,800
for me. 
They've connected felt like 

691
00:39:21,800 --> 00:39:25,700
everybody like every single 
Community has its own like a hop

692
00:39:25,800 --> 00:39:30,100
in a sir, you know, like a part 
of the city tell where all the 

693
00:39:30,100 --> 00:39:35,400
Volga different communities like
Bible together and sort of like 

694
00:39:35,400 --> 00:39:38,100
connect together and then like, 
you know, you can like go to 

695
00:39:38,100 --> 00:39:40,500
like one part of the city and 
have like a public goods. 

696
00:39:40,500 --> 00:39:42,800
Then will you can go. 
Like another part of the city 

697
00:39:43,000 --> 00:39:46,000
and have like let's say the Mev 
tells then go to another city, 

698
00:39:46,300 --> 00:39:49,000
have like the modular Block 
Chain, kind of conference and 

699
00:39:49,000 --> 00:39:52,100
like even like you've a space 
like different blockchain 

700
00:39:52,100 --> 00:39:55,600
communities and then you can go 
to like another part and then 

701
00:39:55,600 --> 00:39:59,100
you can have like the car 
development and then like 

702
00:39:59,100 --> 00:40:02,000
everybody connects in the 
center, the her heart of the 

703
00:40:02,000 --> 00:40:06,900
center at the co-working space 
but for def cons, I mean, it was

704
00:40:06,900 --> 00:40:10,900
great experience experiment with
deaf Connick. 

705
00:40:11,500 --> 00:40:14,900
That way by the how we are going
to scale, the def con itself. 

706
00:40:14,900 --> 00:40:19,500
I'm honestly, I am, I don't 
know, but I enjoyed that Defcon 

707
00:40:19,500 --> 00:40:23,500
itself is like a developer for 
Q's conference and that it's 

708
00:40:23,500 --> 00:40:28,200
very neat in a sense that we are
trying to like focus on like 

709
00:40:28,500 --> 00:40:32,500
impact. 
Like how like which country we 

710
00:40:32,500 --> 00:40:37,900
should bring Defcon 2 where we 
can like teach people more about

711
00:40:37,900 --> 00:40:41,300
def con or like teach people 
more about like what trains? 

712
00:40:41,400 --> 00:40:45,300
And like about a serum and how 
it serum can have a real impact 

713
00:40:45,300 --> 00:40:50,500
on like the country itself or 
like the humanity even in the 

714
00:40:50,500 --> 00:40:53,500
country itself. 
And I would personally even love

715
00:40:53,500 --> 00:40:57,000
to see def Con in my country is 
like, I don't know, like Africa 

716
00:40:57,000 --> 00:40:59,200
and like a middle of Africa, why
not? 

717
00:40:59,900 --> 00:41:03,700
Especially I attended the 
Estrella call at all about 

718
00:41:03,700 --> 00:41:09,700
public goods and there were some
people don't remember the name 

719
00:41:09,700 --> 00:41:12,700
of the speaker. 
He was saying that they are 

720
00:41:12,700 --> 00:41:16,500
basically bringing blockchain to
Farmers and helping like farmers

721
00:41:17,100 --> 00:41:22,000
and studying about the insurance
for Farmers itself through defy 

722
00:41:22,500 --> 00:41:26,600
as their Banks. 
Don't allow them like, you know,

723
00:41:26,600 --> 00:41:30,900
issue like any insurance on 
their like a farming yields or 

724
00:41:30,900 --> 00:41:34,700
like the farmers itself. 
Like the farmer workers. 

725
00:41:34,700 --> 00:41:39,100
No black Farmers like in defy 
ecosystem and I'm very excited 

726
00:41:39,100 --> 00:41:41,300
to see like how the fun will 
scale in that way. 

727
00:41:41,400 --> 00:41:45,400
Way, especially significant are 
bringing together like very 

728
00:41:45,700 --> 00:41:49,700
unique community and very unique
Vibe and certain like the 

729
00:41:49,700 --> 00:41:53,300
centralizing itself. 
But in a sense it's still being 

730
00:41:53,300 --> 00:41:56,300
like centralized. 
It is one location and I really 

731
00:41:56,300 --> 00:42:00,400
love the idea like how we are 
all decentralized. 

732
00:42:00,400 --> 00:42:03,300
Like everybody like working with
your room is basically all 

733
00:42:03,300 --> 00:42:07,600
around the world but then we 
like once a year we connect in 

734
00:42:07,600 --> 00:42:13,400
like one location which is the 
Defcon until Yeah, absolutely. 

735
00:42:13,400 --> 00:42:16,700
And I would second that 
basically, it's been a rotation 

736
00:42:16,700 --> 00:42:19,600
of Europe Asia and the Americas 
Africa. 

737
00:42:19,600 --> 00:42:22,600
Has been very notably left out 
as has Oceania. 

738
00:42:22,600 --> 00:42:24,800
But I mean basically you guys 
you're smart, right? 

739
00:42:24,800 --> 00:42:28,700
So it's like small n fo way but 
but I mean yeah I think it's 

740
00:42:28,700 --> 00:42:32,200
time to actually have a Defcon 
somewhere in Africa. 

741
00:42:34,700 --> 00:42:37,500
Yeah, Nick find a comment 
because we kind of have to wrap 

742
00:42:37,500 --> 00:42:42,500
up I guess I just say First of 
all, I find hilarious. 

743
00:42:42,500 --> 00:42:45,100
The idea that a prerequisite for
to have gone would be like a 50%

744
00:42:45,100 --> 00:42:47,500
drop in the the price. 
So we're just be waiting 

745
00:42:47,500 --> 00:42:49,600
waiting, you know? 
And but I think it's worth 

746
00:42:49,600 --> 00:42:54,000
saying like also Devcon is a 
Prestige event and as long as 

747
00:42:54,000 --> 00:42:56,400
there's one Devcon there's going
to be a lot of people who want 

748
00:42:56,400 --> 00:42:58,300
to come because they want to be 
at the Devcon. 

749
00:42:58,300 --> 00:43:01,900
And if we do modularize, then we
provide evidence for everybody 

750
00:43:02,200 --> 00:43:05,800
and everybody can come to the 
one that suits their not just to

751
00:43:05,800 --> 00:43:08,800
the Devcon because they wanted 
to say they were active con. 

752
00:43:10,700 --> 00:43:14,100
Yeah, I hear that. 
I do actually like the the 

753
00:43:14,100 --> 00:43:17,500
crypto Twitter analogy kind of 
roaming the halls of Def con 

754
00:43:17,500 --> 00:43:21,400
like these like being on life 
crypto Twitter and I think maybe

755
00:43:21,400 --> 00:43:24,600
we can have it. 
Maybe maybe like in the in the 

756
00:43:24,600 --> 00:43:28,500
mid term future, this will be 
true, but I think for now we can

757
00:43:28,500 --> 00:43:32,100
still have like these monolithic
events with like satellite 

758
00:43:32,100 --> 00:43:37,000
events around it. 
And I hope we see a another 

759
00:43:37,000 --> 00:43:43,200
fantastic addition next year, 
Let's keep Defcon def con for 

760
00:43:43,200 --> 00:43:45,700
now. 
Thank you guys for 

761
00:43:45,700 --> 00:43:47,900
participating. 
It's been a real pleasure. 

762
00:43:51,900 --> 00:43:53,800
Thank you for joining us on this
week's episode. 

763
00:43:54,100 --> 00:43:55,700
We release new episodes every 
week. 

764
00:43:56,200 --> 00:43:59,000
You can find And subscribe to 
the show on iTunes Spotify, 

765
00:43:59,000 --> 00:44:02,100
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766
00:44:02,500 --> 00:44:05,300
And if you have a Google home or
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767
00:44:05,300 --> 00:44:08,300
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768
00:44:08,300 --> 00:44:11,300
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for a full list of places where 

769
00:44:11,300 --> 00:44:14,000
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770
00:44:14,000 --> 00:44:16,800
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771
00:44:16,800 --> 00:44:19,300
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772
00:44:19,500 --> 00:44:21,900
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773
00:44:21,900 --> 00:44:24,100
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774
00:44:24,300 --> 00:44:26,600
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775
00:44:26,600 --> 00:44:30,000
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776
00:44:30,000 --> 00:44:30,300
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