1
00:00:00,000 --> 00:00:01,200
it really boils down to

2
00:00:01,200 --> 00:00:03,299
this word, un cancelable.

3
00:00:03,759 --> 00:00:06,519
my kind of evolution of understanding

4
00:00:06,519 --> 00:00:09,069
about why Ethereum based train were

5
00:00:09,069 --> 00:00:12,429
kind of inherently flawed for the long

6
00:00:12,429 --> 00:00:14,889
term and that my understanding of that,

7
00:00:14,919 --> 00:00:18,069
the Bitcoin resilience and the, the.

8
00:00:18,819 --> 00:00:20,829
Security model and you know, the

9
00:00:20,829 --> 00:00:22,659
adoption and stuff was going to

10
00:00:22,659 --> 00:00:24,249
just continue to be stronger.

11
00:00:24,729 --> 00:00:27,369
I really wanted this on the Bitcoin side

12
00:00:27,940 --> 00:00:29,769
and I think it makes a lot of sense.

13
00:00:31,015 --> 00:00:32,185
This podcast episode

14
00:00:32,185 --> 00:00:33,205
is an event recording.

15
00:00:33,515 --> 00:00:34,715
If you're listening to the audio

16
00:00:34,715 --> 00:00:36,425
version, you might be missing some

17
00:00:36,425 --> 00:00:38,415
context from the speaker's visuals.

18
00:00:38,855 --> 00:00:39,715
You can find the video

19
00:00:39,715 --> 00:00:41,635
version at atlbitlab.

20
00:00:41,635 --> 00:00:42,045
com.

21
00:00:42,465 --> 00:00:46,185
That's A T L B I T L A B dot com.

22
00:00:46,775 --> 00:00:47,795
There might also be audience

23
00:00:47,795 --> 00:00:49,135
questions or other background

24
00:00:49,135 --> 00:00:50,495
chatter that's not audible.

25
00:00:50,745 --> 00:00:51,915
Look, event recordings are never

26
00:00:51,915 --> 00:00:53,575
perfect, but we're sharing it here

27
00:00:53,575 --> 00:00:54,415
because we think you're going to

28
00:00:54,415 --> 00:00:55,655
find something valuable in it.

29
00:00:57,325 --> 00:00:59,085
Let's talk a little bit about our sponsors

30
00:00:59,085 --> 00:01:00,695
first, and then we'll get onto the show.

31
00:01:03,230 --> 00:01:05,940
This episode is sponsored by ATL BitLab.

32
00:01:05,940 --> 00:01:07,750
ATL BitLab is Atlanta's

33
00:01:07,760 --> 00:01:09,090
freedom tech hacker space.

34
00:01:09,360 --> 00:01:10,510
We have co working desks,

35
00:01:10,510 --> 00:01:12,070
conference rooms, event space,

36
00:01:12,100 --> 00:01:13,720
maker tools, and tons of coffee.

37
00:01:14,470 --> 00:01:15,550
There is a very active

38
00:01:15,550 --> 00:01:16,560
community here in the lab.

39
00:01:16,610 --> 00:01:17,730
Every Wednesday night is

40
00:01:17,730 --> 00:01:19,240
Bitcoin night here in Atlanta.

41
00:01:19,590 --> 00:01:21,410
We also have meetups for cybersecurity,

42
00:01:21,420 --> 00:01:23,280
artificial intelligence, decentralized

43
00:01:23,280 --> 00:01:24,900
identity, product design, and more.

44
00:01:25,690 --> 00:01:27,680
We offer day passes and nomad passes

45
00:01:27,680 --> 00:01:29,390
for people who need to use the lab only

46
00:01:29,390 --> 00:01:31,200
occasionally, as well as memberships

47
00:01:31,200 --> 00:01:32,510
for people who plan to use the lab

48
00:01:32,510 --> 00:01:34,040
more regularly, such as myself.

49
00:01:35,370 --> 00:01:36,440
One of the best things about

50
00:01:36,450 --> 00:01:38,070
having a BitLab membership isn't

51
00:01:38,080 --> 00:01:40,120
the amenities, it's the people.

52
00:01:40,640 --> 00:01:41,710
Surrounding yourself with the

53
00:01:41,710 --> 00:01:43,280
community helps you learn faster

54
00:01:43,280 --> 00:01:44,420
and helps you build better.

55
00:01:44,705 --> 00:01:46,275
Your creativity becomes amplified

56
00:01:46,275 --> 00:01:47,365
when you work in this space.

57
00:01:47,405 --> 00:01:48,685
That's what I think at least.

58
00:01:49,625 --> 00:01:50,675
If you're interested in becoming

59
00:01:50,675 --> 00:01:52,145
a member or supporting the space,

60
00:01:52,245 --> 00:01:54,305
please visit us at atlbitlab.

61
00:01:54,675 --> 00:01:55,075
com.

62
00:01:55,385 --> 00:01:58,615
That's A T L B I T L A B dot com.

63
00:01:59,955 --> 00:02:01,245
All right, on to our show.

64
00:02:05,374 --> 00:02:07,264
So welcome everyone to

65
00:02:07,984 --> 00:02:09,274
Bit Devs Wednesday night.

66
00:02:09,590 --> 00:02:10,370
tonight we're talking

67
00:02:10,370 --> 00:02:12,080
about Spaces, protocol.

68
00:02:12,380 --> 00:02:13,040
I'm Andrew.

69
00:02:13,310 --> 00:02:14,450
We'll talk a little bit about

70
00:02:14,450 --> 00:02:15,890
me a little bit in a second.

71
00:02:16,138 --> 00:02:18,560
I wanted to, uh, kick this off

72
00:02:18,560 --> 00:02:19,970
with a little video that I just

73
00:02:19,970 --> 00:02:21,380
literally saw this morning, and I

74
00:02:21,380 --> 00:02:23,870
thought it really tied into this.

75
00:02:23,870 --> 00:02:25,940
So, what makes Bitcoin special,

76
00:02:26,330 --> 00:02:28,040
makes things like Nostri special?

77
00:02:28,550 --> 00:02:29,420
Is there permissionless?

78
00:02:30,530 --> 00:02:32,180
You don't need anyone's permission,

79
00:02:33,270 --> 00:02:34,410
to build what you wanna see.

80
00:02:34,800 --> 00:02:37,170
And, uh, and that's just incredible.

81
00:02:37,320 --> 00:02:39,540
Like to, to be able to work on a

82
00:02:39,540 --> 00:02:41,190
money transmission protocol that's

83
00:02:41,250 --> 00:02:43,320
entirely open, that has no one leader

84
00:02:43,470 --> 00:02:45,720
that has, um, all this attention.

85
00:02:47,430 --> 00:02:50,340
Has converted the likes of BlackRock,

86
00:02:50,760 --> 00:02:52,980
uh, or these major institutions

87
00:02:52,980 --> 00:02:54,300
that were these things that

88
00:02:54,300 --> 00:02:55,770
we railed against in the past.

89
00:02:56,160 --> 00:02:57,600
Um, and now they have to turn their

90
00:02:57,600 --> 00:03:00,930
attention to it, and yet we still don't

91
00:03:00,930 --> 00:03:02,130
need their permission to build on it.

92
00:03:02,520 --> 00:03:05,520
Um, or to ancient or to better it.

93
00:03:05,790 --> 00:03:06,720
Where else can you find it?

94
00:03:07,050 --> 00:03:08,760
Like at that scale, not nowhere.

95
00:03:08,880 --> 00:03:10,170
And in only 16 years.

96
00:03:11,010 --> 00:03:13,170
So imagine the next 16 years and this,

97
00:03:13,860 --> 00:03:15,480
um, how you can contribute to it.

98
00:03:15,960 --> 00:03:17,940
Again, only asking yourself permission.

99
00:03:18,240 --> 00:03:22,140
That was just an incredible thing, be part

100
00:03:22,140 --> 00:03:24,060
of, and it reminds me so much of the, of

101
00:03:24,060 --> 00:03:27,360
the earlier that where you, again, the

102
00:03:27,360 --> 00:03:28,650
didn't need permission to do anything.

103
00:03:29,040 --> 00:03:31,095
We seen more and more of that going away.

104
00:03:31,805 --> 00:03:34,680
Bitcoin the master and, and hopefully

105
00:03:34,680 --> 00:03:36,985
something in intelligence will be the,

106
00:03:37,560 --> 00:03:39,305
the antidote to that brings us back to

107
00:03:39,305 --> 00:03:41,280
like what we need to be internet special

108
00:03:41,280 --> 00:03:42,810
in the first place when made magic.

109
00:03:43,560 --> 00:03:45,180
So permission, that's, um.

110
00:03:45,930 --> 00:03:47,040
That's the one, the

111
00:03:47,040 --> 00:03:50,435
one great last thought.

112
00:03:52,710 --> 00:03:54,480
So that was the end of the clip.

113
00:03:55,380 --> 00:03:57,840
I just, I thought it kind of summed up.

114
00:03:57,840 --> 00:03:58,710
He didn't mention anything

115
00:03:58,710 --> 00:04:00,060
about names of course in there,

116
00:04:00,420 --> 00:04:02,730
but, uh, in naming systems.

117
00:04:02,730 --> 00:04:04,200
But I thought, man, it kind

118
00:04:04,200 --> 00:04:05,730
of like summarized kind of the

119
00:04:05,730 --> 00:04:07,440
sentiment that's behind this.

120
00:04:07,440 --> 00:04:08,520
So I thought it was a

121
00:04:08,520 --> 00:04:09,630
great thing to start with.

122
00:04:10,200 --> 00:04:11,580
And we're talking about spaces,

123
00:04:11,580 --> 00:04:13,290
protocol, what is spaces?

124
00:04:14,160 --> 00:04:15,870
It is a, uh, a scalable

125
00:04:15,930 --> 00:04:17,760
permissionless Bitcoin identity.

126
00:04:17,790 --> 00:04:20,280
So identity I think is a little,

127
00:04:20,280 --> 00:04:21,570
sells it a little bit short,

128
00:04:22,140 --> 00:04:23,850
but, uh, we'll go with that.

129
00:04:24,060 --> 00:04:25,680
This is right from the, the website.

130
00:04:25,680 --> 00:04:26,190
We're gonna look at the

131
00:04:26,190 --> 00:04:27,540
website largely tonight.

132
00:04:27,600 --> 00:04:28,350
I don't have a huge

133
00:04:28,350 --> 00:04:30,360
number of slides to show.

134
00:04:30,390 --> 00:04:31,590
I think a lot of it's just gonna

135
00:04:31,590 --> 00:04:32,460
be kind of poking around the

136
00:04:32,460 --> 00:04:33,930
website and some of the resources

137
00:04:33,930 --> 00:04:35,490
and talking about how this works.

138
00:04:35,790 --> 00:04:36,660
Get you a sense.

139
00:04:36,960 --> 00:04:38,130
Uh, I'll start off with by

140
00:04:38,130 --> 00:04:39,780
saying, you know, if you got

141
00:04:39,795 --> 00:04:41,280
questions, just shout out.

142
00:04:41,280 --> 00:04:41,940
Let's just talk.

143
00:04:42,000 --> 00:04:42,570
I mean.

144
00:04:43,095 --> 00:04:45,165
It's pretty unstructured my thoughts

145
00:04:45,165 --> 00:04:46,755
about how I'm gonna present tonight.

146
00:04:47,045 --> 00:04:49,695
and if we, if there's, if you got

147
00:04:49,695 --> 00:04:51,555
thoughts and you've got questions,

148
00:04:51,555 --> 00:04:53,445
then let's just kind of delve into it

149
00:04:53,445 --> 00:04:55,665
and like clear up as best as I can.

150
00:04:55,665 --> 00:04:57,585
I will be first to say that I

151
00:04:57,585 --> 00:04:59,565
don't know everything, especially

152
00:04:59,565 --> 00:05:00,885
the zero knowledge proof stuff is

153
00:05:00,885 --> 00:05:02,955
kind of still a bit mystic to me.

154
00:05:03,165 --> 00:05:05,025
But we'll touch on it and

155
00:05:05,025 --> 00:05:06,465
I'll answer everything I can.

156
00:05:06,825 --> 00:05:08,955
Uh, I did, I have had dialogue

157
00:05:08,955 --> 00:05:11,685
with the, the, the project founder.

158
00:05:11,685 --> 00:05:12,915
I actually talked to him this

159
00:05:12,915 --> 00:05:14,499
morning, as well as I've talked

160
00:05:14,499 --> 00:05:15,759
to him a few times in the past.

161
00:05:16,149 --> 00:05:18,549
And I have a, a sense of his history

162
00:05:18,549 --> 00:05:19,989
and, and kind of the thoughts around

163
00:05:19,989 --> 00:05:22,209
coming to it where we are today.

164
00:05:22,209 --> 00:05:25,659
So, uh, I can't speak for him completely,

165
00:05:25,659 --> 00:05:27,129
but I can kind of give a sense of it.

166
00:05:27,669 --> 00:05:30,375
So, spaces empowers users with

167
00:05:30,375 --> 00:05:32,445
sovereign Bitcoin identity anchored

168
00:05:32,445 --> 00:05:34,456
securely on the Bitcoin blockchain.

169
00:05:34,695 --> 00:05:35,265
Key thing.

170
00:05:36,085 --> 00:05:37,345
imagine a social handle that's

171
00:05:37,345 --> 00:05:38,755
truly your central resistant.

172
00:05:39,145 --> 00:05:41,065
And accessible across, uh, various

173
00:05:41,065 --> 00:05:43,825
protocols like noser, uh, naming wallets,

174
00:05:43,855 --> 00:05:45,565
uh, peer-to-peer applications and beyond.

175
00:05:46,105 --> 00:05:47,782
All right, sounds pretty salesy, but,

176
00:05:47,782 --> 00:05:49,339
who is here for the Noser meetup?

177
00:05:50,299 --> 00:05:52,579
So you got about a half a dozen here,

178
00:05:52,669 --> 00:05:55,225
so I, I think this really, kind of

179
00:05:55,225 --> 00:05:57,415
crosses over into the nostri space a bit.

180
00:05:57,625 --> 00:05:58,645
We'll, we'll talk about

181
00:05:58,705 --> 00:05:59,695
where that kind of is.

182
00:06:00,332 --> 00:06:01,202
so who am I?

183
00:06:01,262 --> 00:06:02,702
I'm Andrea, as I mentioned, Andrew Lundy.

184
00:06:02,762 --> 00:06:05,072
Um, I've been developing since I was in

185
00:06:05,072 --> 00:06:07,082
high school, I guess you could say that.

186
00:06:07,082 --> 00:06:09,272
So as you can notice, probably

187
00:06:09,272 --> 00:06:11,072
that's, that's quite a few years.

188
00:06:11,365 --> 00:06:13,135
and I've been focusing, kind

189
00:06:13,135 --> 00:06:14,965
of pivoting as we like to say.

190
00:06:15,040 --> 00:06:17,509
pivoting, from enterprise kind of

191
00:06:17,509 --> 00:06:19,925
traditional stuff, more recently to

192
00:06:20,435 --> 00:06:22,175
Bitcoin and lightning sort of things.

193
00:06:22,235 --> 00:06:23,615
This kind of falls into that.

194
00:06:24,002 --> 00:06:25,832
primarily the, my grounding is

195
00:06:25,832 --> 00:06:27,122
the sound mounting advocate.

196
00:06:27,122 --> 00:06:30,497
I. And I am into these days, all things

197
00:06:30,497 --> 00:06:33,467
decentralized money media naming and id,

198
00:06:33,624 --> 00:06:36,594
the naster meeting that we were doing on

199
00:06:36,594 --> 00:06:39,240
Mondays, was a decentralized ID meeting.

200
00:06:39,600 --> 00:06:41,910
And, uh, we felt that that's, the

201
00:06:41,910 --> 00:06:43,980
scope of that was a bit limiting.

202
00:06:43,980 --> 00:06:45,510
We weren't really drawing the huge,

203
00:06:45,510 --> 00:06:47,700
like, mega crowds that we were hoping to.

204
00:06:48,120 --> 00:06:50,400
We swept it out for the Noster.

205
00:06:50,400 --> 00:06:52,650
So hopefully that's going to bring in

206
00:06:52,650 --> 00:06:54,870
the big, the big, uh, numbers here.

207
00:06:54,870 --> 00:06:56,590
So a couple articles, I

208
00:06:56,590 --> 00:06:58,330
found out about this project.

209
00:06:58,390 --> 00:07:00,400
It was last year, around

210
00:07:00,610 --> 00:07:02,350
September, early September.

211
00:07:02,890 --> 00:07:04,524
And, I went back to my notes and I

212
00:07:04,524 --> 00:07:05,664
was trying to figure out when I first

213
00:07:05,664 --> 00:07:07,554
kind of seen it, there was I think

214
00:07:07,584 --> 00:07:09,714
a, uh, a Bitcoin magazine article

215
00:07:09,714 --> 00:07:11,694
that just mentioned this guy, that's

216
00:07:11,694 --> 00:07:14,094
the founder, his name's Mike Carson,

217
00:07:15,084 --> 00:07:17,034
uh, that they were doing something

218
00:07:17,034 --> 00:07:19,434
with domain naming on Bitcoin.

219
00:07:19,494 --> 00:07:21,924
Yeah, and I, I went back around this

220
00:07:21,924 --> 00:07:25,074
timeframe I saw, I found this article and

221
00:07:25,134 --> 00:07:27,294
it talks about decentralized naming could

222
00:07:27,294 --> 00:07:29,364
be the next, bring the next billion users.

223
00:07:29,364 --> 00:07:31,704
Now it mentions Mike here, and if you

224
00:07:31,704 --> 00:07:33,534
read this article, which I recommend,

225
00:07:33,834 --> 00:07:35,484
I got this linked in the notes,

226
00:07:35,844 --> 00:07:37,404
and I can give anyone this deck if

227
00:07:37,404 --> 00:07:38,754
they want in the, in the future.

228
00:07:38,754 --> 00:07:41,757
But it talks about his history.

229
00:07:41,757 --> 00:07:44,107
He ran a, you know, a domain

230
00:07:44,107 --> 00:07:45,967
registry for a number of years.

231
00:07:45,967 --> 00:07:48,547
He was involved with all the early kind

232
00:07:48,547 --> 00:07:51,277
of OGs of the domain name system like

233
00:07:51,277 --> 00:07:54,127
Verisign and ICAN and all that stuff.

234
00:07:54,127 --> 00:07:58,657
So he's pretty steeped in this whole issue

235
00:07:58,717 --> 00:08:02,557
and how DNS works and how it gets abused

236
00:08:02,557 --> 00:08:04,687
through squatting and other, other things.

237
00:08:04,790 --> 00:08:05,810
but I picked out this

238
00:08:05,810 --> 00:08:07,610
quote of this article.

239
00:08:07,610 --> 00:08:09,050
Bitcoin is the most secure

240
00:08:09,080 --> 00:08:10,280
and decentralized proof

241
00:08:10,280 --> 00:08:11,840
of work blockchain by far.

242
00:08:12,290 --> 00:08:13,040
So it makes.

243
00:08:13,385 --> 00:08:15,365
Complete sense that the centralized

244
00:08:15,365 --> 00:08:16,655
naming should be anchored

245
00:08:17,015 --> 00:08:18,695
in the Bitcoin block space.

246
00:08:18,755 --> 00:08:21,095
And I know we can contend on this,

247
00:08:21,095 --> 00:08:22,715
there's a lot of purists that say, you

248
00:08:22,715 --> 00:08:25,955
know, Bitcoin, it's, it's for money only.

249
00:08:26,705 --> 00:08:29,015
Get that crap out of here.

250
00:08:29,045 --> 00:08:30,695
You know, we saw what happened with

251
00:08:30,695 --> 00:08:33,155
Ordinals, we saw what happened, you know,

252
00:08:33,155 --> 00:08:35,975
with inscriptions it's like, it's like

253
00:08:35,975 --> 00:08:39,065
not the purest view of, of money or of

254
00:08:39,065 --> 00:08:41,045
the usage for the Bitcoin blockchain.

255
00:08:41,585 --> 00:08:45,665
And I think my stance is more along

256
00:08:45,665 --> 00:08:46,895
the lines of like, Hey, if you're

257
00:08:46,895 --> 00:08:49,025
willing to store something there and

258
00:08:49,025 --> 00:08:50,165
you're willing to pay to get it stored

259
00:08:50,165 --> 00:08:51,965
there, then it's an open market.

260
00:08:52,495 --> 00:08:54,445
I don't wanna see a huge bloat.

261
00:08:54,625 --> 00:08:56,155
This, this protocol doesn't

262
00:08:56,155 --> 00:08:57,235
bloat the blockchain.

263
00:08:57,385 --> 00:09:00,115
It's very small footprint, but I think

264
00:09:00,235 --> 00:09:02,395
it leverages a lot of the attributes of

265
00:09:02,395 --> 00:09:06,025
the blockchain and, is by and large the

266
00:09:06,025 --> 00:09:08,005
best place for stuff even like this.

267
00:09:08,005 --> 00:09:09,565
Uh, any questions?

268
00:09:10,855 --> 00:09:11,365
No.

269
00:09:11,575 --> 00:09:12,055
All righty.

270
00:09:12,895 --> 00:09:15,235
Another article that came out and here's

271
00:09:15,235 --> 00:09:16,675
the, uh, this is the founding of the

272
00:09:16,675 --> 00:09:19,412
project, Mike Carson, in August last year.

273
00:09:20,072 --> 00:09:22,982
This was, uh, coming up on, on the,

274
00:09:22,982 --> 00:09:25,742
uh, tab comp, and actually one of their

275
00:09:25,982 --> 00:09:28,232
core developers made it to Tab Comp last

276
00:09:28,232 --> 00:09:29,942
year, and I was able to, to chat with

277
00:09:29,942 --> 00:09:31,892
them for a couple hours one afternoon.

278
00:09:32,222 --> 00:09:34,082
So I, I know these folks are real.

279
00:09:34,322 --> 00:09:36,935
And, this is, uh, taking a little

280
00:09:36,935 --> 00:09:39,232
bit, sim similar sort of spin.

281
00:09:39,232 --> 00:09:40,762
We, we know this kind of tagline,

282
00:09:40,762 --> 00:09:42,232
not your keys, not your coins,

283
00:09:42,679 --> 00:09:44,599
not your Keys, not your name, and

284
00:09:44,629 --> 00:09:46,969
why naming is the Next Killer app.

285
00:09:47,362 --> 00:09:48,532
was another good article.

286
00:09:48,532 --> 00:09:49,642
Got it linked here.

287
00:09:50,109 --> 00:09:52,269
some of this I thought really, uh,

288
00:09:52,539 --> 00:09:54,699
rang true to the discussion as well.

289
00:09:55,354 --> 00:09:57,064
one, the internet once envisioned as

290
00:09:57,334 --> 00:09:59,524
democratic force, uh, free expression,

291
00:09:59,524 --> 00:10:01,864
global communication now faces threats

292
00:10:02,284 --> 00:10:03,934
from government censorship, corporate

293
00:10:03,934 --> 00:10:05,734
influence, technical vulnerabilities,

294
00:10:06,244 --> 00:10:09,304
decentralized mining, built on a robust

295
00:10:09,304 --> 00:10:11,434
and secure foundation of Bitcoin offers

296
00:10:11,434 --> 00:10:13,474
a future where individuals and businesses

297
00:10:13,924 --> 00:10:16,924
can have greater control over their

298
00:10:16,924 --> 00:10:19,054
identities, ideas, and information.

299
00:10:19,534 --> 00:10:22,054
By levering leveraging the immutability

300
00:10:22,054 --> 00:10:24,814
transparency and sensor resistant nature

301
00:10:24,814 --> 00:10:27,664
of Bitcoin, decentralized naming systems

302
00:10:27,964 --> 00:10:29,884
can have a more resilient and democratic

303
00:10:29,884 --> 00:10:33,049
alternative for managing their identities.

304
00:10:33,664 --> 00:10:35,044
with Bitcoin as the backbone, we can

305
00:10:35,044 --> 00:10:36,364
ensure that decentralized naming is

306
00:10:36,364 --> 00:10:38,824
not only inevitable, but also truly

307
00:10:38,824 --> 00:10:40,354
successful in creating an open,

308
00:10:40,714 --> 00:10:42,604
global, open and free internet.

309
00:10:43,024 --> 00:10:44,674
One where everyone can have an equal voice

310
00:10:44,704 --> 00:10:46,864
in shaping the global conversation without

311
00:10:46,864 --> 00:10:50,104
fear of central or censorship and control.

312
00:10:51,349 --> 00:10:53,239
And, and then that is Cipher Punk.

313
00:10:53,239 --> 00:10:55,849
So Cipher Punk is a bit of a, you know,

314
00:10:56,899 --> 00:10:58,669
I guess a bit of a, a stretch there.

315
00:10:58,669 --> 00:11:00,915
But, the folks that kind of are

316
00:11:00,915 --> 00:11:03,345
behind this really are, are truly

317
00:11:03,345 --> 00:11:05,295
wanting to do this in the right way.

318
00:11:05,745 --> 00:11:06,985
And, there is a history of

319
00:11:06,985 --> 00:11:08,875
projects that have led up to this.

320
00:11:09,659 --> 00:11:11,189
I know, uh, anyone's familiar

321
00:11:11,189 --> 00:11:13,029
with, uh, ethernet naming service.

322
00:11:13,059 --> 00:11:13,089
Ethereum.

323
00:11:14,649 --> 00:11:15,279
Ethereum, yeah.

324
00:11:15,339 --> 00:11:16,149
Ethereum Naming service.

325
00:11:16,149 --> 00:11:16,389
Sorry.

326
00:11:16,389 --> 00:11:16,779
Thanks.

327
00:11:16,869 --> 00:11:18,345
Uh, rich, there was, uh,

328
00:11:18,375 --> 00:11:19,845
something called name coin.

329
00:11:20,205 --> 00:11:21,225
There was something called a

330
00:11:21,225 --> 00:11:23,565
handshake or hand break that was like

331
00:11:23,565 --> 00:11:25,275
a whole other chain that had this.

332
00:11:25,275 --> 00:11:27,165
At its core, there's been some,

333
00:11:27,165 --> 00:11:29,595
several attempts at doing something

334
00:11:29,595 --> 00:11:31,275
like this in the past, and nothing

335
00:11:31,635 --> 00:11:33,615
has really kind of caught hold yet.

336
00:11:34,005 --> 00:11:35,355
I think, and we're gonna go through

337
00:11:35,355 --> 00:11:37,725
some of the methodology of it here.

338
00:11:37,725 --> 00:11:39,465
I think this project really

339
00:11:39,465 --> 00:11:43,005
has some, some gravity to it.

340
00:11:43,005 --> 00:11:44,075
I think, if.

341
00:11:44,660 --> 00:11:44,990
Done.

342
00:11:44,990 --> 00:11:45,380
Right.

343
00:11:45,410 --> 00:11:47,630
If it's continued in the way that it's,

344
00:11:47,630 --> 00:11:49,910
that it's kind of going, it could,

345
00:11:49,910 --> 00:11:51,710
uh, could catch on or, you know, it

346
00:11:51,710 --> 00:11:53,757
could not, again, it's not, critical.

347
00:11:53,757 --> 00:11:54,147
Go ahead.

348
00:11:57,717 --> 00:12:00,177
Um, they catch off.

349
00:12:00,927 --> 00:12:01,107
Yeah.

350
00:12:01,107 --> 00:12:02,757
So the question is, uh, do

351
00:12:02,757 --> 00:12:03,777
I have a sense for why these

352
00:12:03,777 --> 00:12:05,607
other attempts didn't catch on?

353
00:12:05,907 --> 00:12:06,537
I was speaking with

354
00:12:06,537 --> 00:12:08,067
Mike, uh, earlier today.

355
00:12:08,067 --> 00:12:10,377
I was asking him the same question and

356
00:12:10,377 --> 00:12:13,047
he said, really, each project, each

357
00:12:13,047 --> 00:12:15,777
attempt kind of failed in, in some way.

358
00:12:15,987 --> 00:12:18,057
Sometimes it was the fact that, you know,

359
00:12:18,237 --> 00:12:20,427
there was insider issuance where the

360
00:12:20,427 --> 00:12:22,827
people that were creating it like grabbed

361
00:12:22,827 --> 00:12:25,377
a bunch of like good names, like, and

362
00:12:25,377 --> 00:12:27,387
like kind of tried to box people out.

363
00:12:27,507 --> 00:12:30,407
There was issue of, I think, like

364
00:12:30,452 --> 00:12:32,982
Charging too much, for the names.

365
00:12:32,982 --> 00:12:35,322
And it became kind of like nobody,

366
00:12:35,442 --> 00:12:36,942
it lost every lost interest.

367
00:12:37,242 --> 00:12:39,492
I can't really go, if you, that first

368
00:12:39,492 --> 00:12:40,932
article that was referenced gets

369
00:12:40,932 --> 00:12:42,672
into quite a bit of the background

370
00:12:43,032 --> 00:12:44,382
of why these pro some of these

371
00:12:44,382 --> 00:12:46,452
projects kind of didn't take off.

372
00:12:46,692 --> 00:12:49,422
And may you know this one we'll see.

373
00:12:49,662 --> 00:12:50,437
We're not sure.

374
00:12:50,592 --> 00:12:52,662
It's, you know, time will tell how this

375
00:12:52,662 --> 00:12:55,782
kind of plays out, but, uh, I, I think

376
00:12:55,782 --> 00:12:57,942
it's got some really good, uh, legs to it.

377
00:12:58,932 --> 00:12:59,502
Uh, question

378
00:13:02,082 --> 00:13:03,672
set of problems, practice.

379
00:13:04,452 --> 00:13:05,532
What's the weakness at the end,

380
00:13:05,532 --> 00:13:07,362
I feel like Good, good question.

381
00:13:07,362 --> 00:13:09,762
So the question, just to repeat it is,

382
00:13:09,762 --> 00:13:11,112
you know, what problems is solving?

383
00:13:11,112 --> 00:13:12,582
What is, what is the weakness?

384
00:13:12,882 --> 00:13:14,702
So, and, and I kind of grapple with

385
00:13:14,702 --> 00:13:16,382
this myself, and I was talking with

386
00:13:16,382 --> 00:13:18,392
Mike, the, the founder earlier today

387
00:13:18,392 --> 00:13:20,642
and say, you know, are we solving

388
00:13:20,642 --> 00:13:22,382
a problem that doesn't exist?

389
00:13:22,892 --> 00:13:25,652
It's like, in a way, DNS.

390
00:13:26,027 --> 00:13:28,037
That's what this is meant to

391
00:13:28,127 --> 00:13:30,947
solve is like replace DNS as

392
00:13:30,947 --> 00:13:33,737
a name to other information.

393
00:13:33,737 --> 00:13:35,477
You can say name to IP in the kind

394
00:13:35,477 --> 00:13:37,907
of purest DNS sense, but it's like

395
00:13:37,907 --> 00:13:39,947
name to where's your email exchange,

396
00:13:39,947 --> 00:13:41,777
or there's a name to some text, or

397
00:13:41,777 --> 00:13:43,547
there's a name to an identity or

398
00:13:43,547 --> 00:13:45,557
a wallet address, whatever it is.

399
00:13:45,587 --> 00:13:47,807
Something human readable to

400
00:13:47,807 --> 00:13:49,697
something that's more difficult

401
00:13:49,967 --> 00:13:51,647
to, you know, keep track of.

402
00:13:52,187 --> 00:13:55,620
And in a way the answer is, for most

403
00:13:55,620 --> 00:13:57,360
people, especially people in the United

404
00:13:57,360 --> 00:13:59,550
States, this may never be a problem I.

405
00:14:00,255 --> 00:14:01,815
People are like, well, DNS works.

406
00:14:01,905 --> 00:14:02,685
And it does.

407
00:14:02,775 --> 00:14:04,815
It's heavily, it's, it's heavily

408
00:14:04,905 --> 00:14:08,055
distributed, but it's not decentralized.

409
00:14:08,235 --> 00:14:09,855
People think of DNS and they,

410
00:14:09,855 --> 00:14:10,665
they hear about it and they're

411
00:14:10,665 --> 00:14:11,925
like, oh, it's decentralized.

412
00:14:12,165 --> 00:14:12,855
No, it's not.

413
00:14:12,855 --> 00:14:16,005
There's every, the.com, dot org, dot

414
00:14:16,005 --> 00:14:19,185
net, dot mill, all the top level domains

415
00:14:19,455 --> 00:14:23,085
are hosted by a set of root servers that

416
00:14:23,355 --> 00:14:25,095
if there's an entity that takes control

417
00:14:25,095 --> 00:14:27,105
of those root servers, or if there's a

418
00:14:27,375 --> 00:14:30,555
DDS attack, DOS attack on those servers,

419
00:14:30,555 --> 00:14:33,645
or if something about the people that

420
00:14:33,645 --> 00:14:36,345
control those servers changes, then

421
00:14:36,945 --> 00:14:38,625
they could affect whether or not your

422
00:14:38,625 --> 00:14:41,685
website can be reached by anyone else.

423
00:14:41,925 --> 00:14:45,075
So in a lot of ways it's like, well,

424
00:14:45,345 --> 00:14:48,525
what does Noster, what does it fix?

425
00:14:49,005 --> 00:14:50,895
That's, you know, we've got X, we've

426
00:14:50,895 --> 00:14:53,235
got truth, we got, you know, rumble,

427
00:14:53,235 --> 00:14:55,365
we've got these other blue sky things.

428
00:14:55,455 --> 00:14:57,255
I mean, there's all this social media.

429
00:14:57,255 --> 00:14:58,395
Why do we need Noster?

430
00:14:58,425 --> 00:14:58,845
Well.

431
00:14:59,115 --> 00:15:00,855
Because those, everything

432
00:15:00,885 --> 00:15:02,115
else is centralized.

433
00:15:02,385 --> 00:15:03,735
You can turn off that.

434
00:15:03,735 --> 00:15:04,635
And we talked about this

435
00:15:04,635 --> 00:15:05,505
in the Nostra meeting.

436
00:15:05,505 --> 00:15:07,815
It's like there was a bunch of YouTubers

437
00:15:07,815 --> 00:15:09,495
that got kicked off of YouTube for their,

438
00:15:09,825 --> 00:15:12,165
you know, right wing political opinion.

439
00:15:12,975 --> 00:15:15,165
And the, they're like,

440
00:15:15,195 --> 00:15:16,125
well, wait a second.

441
00:15:16,125 --> 00:15:16,875
Freedom of speech.

442
00:15:16,875 --> 00:15:17,475
And like, no.

443
00:15:17,475 --> 00:15:19,005
It's like the law says, it's like

444
00:15:19,005 --> 00:15:20,775
if we own the platform, you know,

445
00:15:20,775 --> 00:15:23,355
we could kick you off and Oh,

446
00:15:23,355 --> 00:15:25,035
go, go build your own platform.

447
00:15:25,515 --> 00:15:26,595
You know you want, there's

448
00:15:26,595 --> 00:15:27,345
nobody stopping you.

449
00:15:27,405 --> 00:15:28,245
Well, they did.

450
00:15:28,245 --> 00:15:29,715
There was a par, a platform called

451
00:15:29,715 --> 00:15:32,265
Parler that emerged out of the

452
00:15:32,265 --> 00:15:34,125
aftermath of that big exodus.

453
00:15:34,335 --> 00:15:36,225
And a lot of those conservative voices

454
00:15:36,585 --> 00:15:38,715
went and rebuilt their following.

455
00:15:38,715 --> 00:15:40,725
And if you imagine like you're

456
00:15:40,785 --> 00:15:42,375
a YouTube influencer, you want.

457
00:15:43,140 --> 00:15:45,240
That's a lot of work to like, you know,

458
00:15:45,240 --> 00:15:48,030
get a a, a following and get a reputation

459
00:15:48,030 --> 00:15:49,470
built just to have it all yanked.

460
00:15:50,010 --> 00:15:52,710
So a lot of people went to Parlor, but

461
00:15:52,710 --> 00:15:55,170
then somebody didn't like that on Parlor.

462
00:15:55,170 --> 00:15:56,070
And what did they do to,

463
00:15:56,160 --> 00:15:57,330
did they shut down Parlor?

464
00:15:57,360 --> 00:15:58,650
No, they went and yanked

465
00:15:58,860 --> 00:16:00,420
Parlor's account through Amazon.

466
00:16:00,840 --> 00:16:02,310
So they put political influence

467
00:16:02,310 --> 00:16:04,260
on Amazon to shut them down.

468
00:16:04,830 --> 00:16:07,710
And a lot of the people then migrated

469
00:16:07,710 --> 00:16:09,887
to things like, rumble and Bit

470
00:16:09,887 --> 00:16:12,407
Shoot and Odyssey and these others.

471
00:16:12,870 --> 00:16:14,520
but I'm like, hello?

472
00:16:14,790 --> 00:16:17,910
It's like it's, these are still different

473
00:16:17,910 --> 00:16:20,730
yet still centralized systems, right?

474
00:16:21,060 --> 00:16:24,000
So it's like, yes, maybe now the

475
00:16:24,000 --> 00:16:26,520
policy is to encourage free speech.

476
00:16:26,700 --> 00:16:28,680
We can say, we can see what happened with

477
00:16:28,680 --> 00:16:31,320
Twitter and X and the Augh X. And he is

478
00:16:31,320 --> 00:16:32,790
like, we're gonna make it for speech.

479
00:16:33,180 --> 00:16:34,080
There are still people that

480
00:16:34,080 --> 00:16:35,400
get centered censored on X.

481
00:16:35,400 --> 00:16:36,150
So it's like.

482
00:16:36,585 --> 00:16:37,845
You know, how many times do

483
00:16:37,845 --> 00:16:39,015
we have to learn the lesson?

484
00:16:39,315 --> 00:16:42,675
That if you're relying on anything that's

485
00:16:42,675 --> 00:16:44,985
centralized, then that's a vulnerability.

486
00:16:45,165 --> 00:16:46,335
It may not be attacked,

487
00:16:46,365 --> 00:16:47,325
but it may be attacked.

488
00:16:47,715 --> 00:16:49,995
There are, um, I saw an

489
00:16:49,995 --> 00:16:51,762
article, in Malaysia.

490
00:16:52,152 --> 00:16:53,802
There was the government didn't

491
00:16:53,802 --> 00:16:55,662
like a, some websites and they

492
00:16:55,662 --> 00:16:57,672
forced the, uh, because it was

493
00:16:57,672 --> 00:17:00,042
a Malaysian top level domain.

494
00:17:00,042 --> 00:17:01,662
And then there's root servers in Malaysia

495
00:17:01,662 --> 00:17:04,932
that control that, that distribution

496
00:17:04,932 --> 00:17:07,932
or the delegation of those things that

497
00:17:07,932 --> 00:17:10,152
they went in and, uh, turned it off.

498
00:17:10,362 --> 00:17:11,472
So they turned off whole

499
00:17:11,472 --> 00:17:13,572
websites in Malaysia at the DNS

500
00:17:13,572 --> 00:17:15,942
level from a government order.

501
00:17:16,152 --> 00:17:17,592
There was also a case.

502
00:17:18,057 --> 00:17:20,097
The, uh, cat top level main,

503
00:17:20,097 --> 00:17:22,707
C-A-C-A-T, which is Catalonia,

504
00:17:22,767 --> 00:17:24,717
the the region in Spain.

505
00:17:24,717 --> 00:17:25,137
Right.

506
00:17:25,383 --> 00:17:27,810
there was a huge, uh, set of, people

507
00:17:27,810 --> 00:17:30,300
putting up websites that were like railing

508
00:17:30,300 --> 00:17:32,310
against the government, you know, mandate.

509
00:17:32,610 --> 00:17:35,700
And they literally marched in to the

510
00:17:35,700 --> 00:17:38,310
ISPs that were hosting those top level

511
00:17:38,310 --> 00:17:40,320
servers, demanded them to be shut up

512
00:17:40,320 --> 00:17:42,390
and jailed the people and turned off

513
00:17:42,390 --> 00:17:44,460
the whole.cat system for a while.

514
00:17:44,640 --> 00:17:46,950
So while those incidents didn't affect

515
00:17:46,980 --> 00:17:49,890
us here in the us it has happened.

516
00:17:49,890 --> 00:17:52,500
And the point is it could continue

517
00:17:52,500 --> 00:17:54,750
to happen, will it, will it not?

518
00:17:54,750 --> 00:17:56,550
Maybe this regime is pretty friendly.

519
00:17:56,730 --> 00:17:58,800
Maybe the next regime isn't so friendly.

520
00:17:59,070 --> 00:17:59,910
Who knows?

521
00:18:00,150 --> 00:18:01,560
It's more important to like,

522
00:18:01,890 --> 00:18:03,990
get control of these things.

523
00:18:05,970 --> 00:18:06,690
All certificates

524
00:18:08,700 --> 00:18:11,280
or three days.

525
00:18:11,280 --> 00:18:11,610
Yeah.

526
00:18:11,790 --> 00:18:13,315
Or secure show base.

527
00:18:16,665 --> 00:18:20,115
Really the X 5 1 9, August.

528
00:18:20,655 --> 00:18:21,015
Right.

529
00:18:21,315 --> 00:18:23,295
So just to repeat for the recording,

530
00:18:23,325 --> 00:18:26,085
uh, Scott's saying it's like all, all

531
00:18:26,085 --> 00:18:29,055
internet activity that's SSH or or

532
00:18:29,055 --> 00:18:31,755
h tt PS is secured through, through

533
00:18:32,055 --> 00:18:33,855
certificates that are issued, through

534
00:18:33,885 --> 00:18:36,735
authorities that are controlled, that can

535
00:18:36,735 --> 00:18:39,165
take and, and yank those away from you.

536
00:18:39,165 --> 00:18:42,315
So, you know, just because your, you know,

537
00:18:42,555 --> 00:18:44,355
your communication between your client

538
00:18:44,355 --> 00:18:46,905
and your server is encrypted, that doesn't

539
00:18:46,905 --> 00:18:49,665
mean that that can be the same way.

540
00:18:49,665 --> 00:18:50,895
And yes, you can create your own

541
00:18:50,895 --> 00:18:53,205
certificate authority, but in terms

542
00:18:53,205 --> 00:18:54,765
of being able for people to widely

543
00:18:54,765 --> 00:18:56,385
use it, it's very restricted.

544
00:18:56,385 --> 00:18:57,765
So you're back to the

545
00:18:57,765 --> 00:18:59,265
same situation where.

546
00:18:59,760 --> 00:19:02,190
If there's any way to limit the

547
00:19:02,190 --> 00:19:04,560
amount of central authority that your

548
00:19:04,590 --> 00:19:07,633
livelihood depends on, then, I think

549
00:19:07,693 --> 00:19:09,823
taking efforts to figure out what ways

550
00:19:09,823 --> 00:19:12,523
to do that is, is definitely desirable.

551
00:19:13,153 --> 00:19:16,453
Lander, China, they have a limit

552
00:19:16,693 --> 00:19:17,923
on what their people can actually

553
00:19:17,923 --> 00:19:20,138
see and access, but they feel each

554
00:19:20,318 --> 00:19:22,723
noster and you say their point of

555
00:19:22,723 --> 00:19:24,763
view across the world, so Right.

556
00:19:24,763 --> 00:19:27,070
The, the question was, China has a lot of,

557
00:19:27,070 --> 00:19:29,170
constraints around how their population

558
00:19:29,170 --> 00:19:32,410
can use the internet, and does Noster

559
00:19:32,410 --> 00:19:34,300
and or things like this help them?

560
00:19:34,600 --> 00:19:36,070
Uh, potentially it does, but

561
00:19:36,070 --> 00:19:38,050
also understand too that,

562
00:19:38,050 --> 00:19:39,580
uh, China's got a tight.

563
00:19:40,177 --> 00:19:42,727
a tight control of the IP layer of

564
00:19:42,727 --> 00:19:45,427
the routing of their, you know, what

565
00:19:45,427 --> 00:19:47,257
their population is typically using.

566
00:19:47,527 --> 00:19:48,727
When you look at, you know, how

567
00:19:48,727 --> 00:19:50,647
you're all connected, like at t

568
00:19:50,647 --> 00:19:52,567
Comcast, you know, blah, blah, blah.

569
00:19:52,567 --> 00:19:53,880
You're all going through, really a

570
00:19:53,880 --> 00:19:57,630
handful of internet providers, and that's

571
00:19:57,630 --> 00:20:01,500
another area of concern of control.

572
00:20:01,830 --> 00:20:03,210
I mean, what happens if, you

573
00:20:03,210 --> 00:20:05,400
know, your ISP decides they don't

574
00:20:05,400 --> 00:20:06,870
like you, you know, and they turn

575
00:20:06,870 --> 00:20:08,430
you off for political reasons.

576
00:20:08,430 --> 00:20:10,080
Like, what's your alternative?

577
00:20:10,140 --> 00:20:12,300
It's just like the same thing as when

578
00:20:12,540 --> 00:20:14,520
if you got a bank account and the bank

579
00:20:14,610 --> 00:20:16,050
doesn't like what kind of business

580
00:20:16,050 --> 00:20:18,270
you're in, you know, if I'm a, you

581
00:20:18,270 --> 00:20:20,460
know, small arms dealer or whatever,

582
00:20:20,700 --> 00:20:23,473
then they can yank it and have, and as.

583
00:20:23,473 --> 00:20:26,473
So in the same way, even though

584
00:20:26,473 --> 00:20:27,763
it's maybe not prevalent,

585
00:20:28,273 --> 00:20:29,893
uh, these controls do exist.

586
00:20:29,893 --> 00:20:32,533
So, taking efforts, so Gina.

587
00:20:33,973 --> 00:20:37,243
I believe when, uh, Nastro first

588
00:20:37,243 --> 00:20:39,523
became popular, a bunch of Chinese

589
00:20:39,703 --> 00:20:41,953
foods actually digital, they don't

590
00:20:41,953 --> 00:20:44,743
use the same surgeries, you know?

591
00:20:46,693 --> 00:20:46,993
Right.

592
00:20:48,558 --> 00:20:51,253
So, so, uh, Dana's point here was that,

593
00:20:51,253 --> 00:20:53,773
uh, when, uh, Nastro first emerged, China

594
00:20:53,773 --> 00:20:55,813
was, uh, users in China were using it

595
00:20:55,813 --> 00:20:58,273
pretty extensively, but they typically

596
00:20:58,273 --> 00:21:00,823
used a set of relays that they themselves

597
00:21:01,123 --> 00:21:02,983
were using in, in Chinese language.

598
00:21:03,073 --> 00:21:05,323
So part of Noster is, you know,

599
00:21:05,323 --> 00:21:06,583
your experience is dictated

600
00:21:06,583 --> 00:21:08,443
by the, the particular set of

601
00:21:08,443 --> 00:21:09,883
relays that you connect to.

602
00:21:09,973 --> 00:21:12,103
And if they're all doing Chinese

603
00:21:12,103 --> 00:21:13,813
stuff, then obviously that's

604
00:21:13,813 --> 00:21:15,133
gonna appeal to that audience.

605
00:21:15,193 --> 00:21:18,433
So, it is distributed

606
00:21:18,763 --> 00:21:21,163
more so than most systems.

607
00:21:21,553 --> 00:21:23,473
The, uh, the noster side of things

608
00:21:23,503 --> 00:21:25,303
is more about on the premise.

609
00:21:25,303 --> 00:21:27,463
It's like if any particular relay

610
00:21:27,463 --> 00:21:28,724
doesn't like what you're saying or

611
00:21:28,729 --> 00:21:30,613
doing and tries to squelch your voice.

612
00:21:30,988 --> 00:21:32,818
Fine, they can stop.

613
00:21:33,148 --> 00:21:35,008
You've got others that will continue

614
00:21:35,008 --> 00:21:36,268
sending your messages around.

615
00:21:37,258 --> 00:21:38,978
So, so, but, but it really boils

616
00:21:38,978 --> 00:21:41,648
down to this word, un cancelable.

617
00:21:42,158 --> 00:21:43,535
You know, when I first started

618
00:21:43,535 --> 00:21:45,275
thinking about this problem and, and

619
00:21:45,275 --> 00:21:48,485
also thinking about how it was people

620
00:21:48,485 --> 00:21:50,165
were approaching it, I, I got invo

621
00:21:50,465 --> 00:21:52,745
or very interested in the unstoppable

622
00:21:52,745 --> 00:21:54,725
domains on the Ethereum blockchain.

623
00:21:55,235 --> 00:21:56,885
Uh, if you look at that, you can go

624
00:21:56,885 --> 00:21:59,615
by a name of a certain number of quasi

625
00:21:59,615 --> 00:22:02,150
domains that live in the Ethereum

626
00:22:02,155 --> 00:22:05,285
blockchain world, and then you can use

627
00:22:05,285 --> 00:22:08,615
that in combination with IPFS, which is

628
00:22:08,615 --> 00:22:10,775
stands for Interplanetary File System,

629
00:22:10,955 --> 00:22:12,935
which is kind of a very distributed

630
00:22:13,175 --> 00:22:16,465
kind of, way to store content and.

631
00:22:16,855 --> 00:22:18,715
If you do that, put the right browser

632
00:22:18,715 --> 00:22:21,445
plugin in the, your browser, then you

633
00:22:21,445 --> 00:22:23,245
can actually set it up to where you

634
00:22:23,245 --> 00:22:25,795
can get to a, a webpage or website

635
00:22:26,065 --> 00:22:27,895
and it doesn't touch DNS and all.

636
00:22:27,895 --> 00:22:30,685
So it's, it's solving the same problem.

637
00:22:30,685 --> 00:22:32,965
But on the Ethereum ecosystem, which I

638
00:22:32,965 --> 00:22:35,635
really liked, except for, I didn't like

639
00:22:35,635 --> 00:22:37,915
it, it was on the Ethereum ecosystem,

640
00:22:37,975 --> 00:22:39,685
you know, uh, there was another

641
00:22:40,015 --> 00:22:41,905
Ethereum derivative chain that I was,

642
00:22:41,965 --> 00:22:44,065
uh, very interested in, called Theta.

643
00:22:44,455 --> 00:22:45,925
And at one point I was like, man,

644
00:22:46,285 --> 00:22:47,905
somebody needs to like take all this

645
00:22:47,935 --> 00:22:49,765
unstoppable domain stuff and then

646
00:22:49,825 --> 00:22:51,835
implement it on the Ethereum chain or

647
00:22:51,835 --> 00:22:53,635
the, the theta chain, so we could take,

648
00:22:53,965 --> 00:22:55,555
take advantage of all this stuff too.

649
00:22:56,005 --> 00:22:58,795
But by that point, my kind of evolution

650
00:22:58,795 --> 00:23:01,165
of understanding about why Ethereum based

651
00:23:01,165 --> 00:23:05,005
train were kind of inherently flawed for

652
00:23:05,005 --> 00:23:07,195
the long term and that my understanding of

653
00:23:07,495 --> 00:23:11,035
that, the Bitcoin resilience and the, the.

654
00:23:11,785 --> 00:23:13,795
Security model and you know, the

655
00:23:13,795 --> 00:23:15,625
adoption and stuff was going to

656
00:23:15,625 --> 00:23:17,215
just continue to be stronger.

657
00:23:17,695 --> 00:23:20,335
I really wanted this on the Bitcoin side

658
00:23:20,905 --> 00:23:22,735
and I think it makes a lot of sense.

659
00:23:24,445 --> 00:23:27,955
Question is ip fs.

660
00:23:27,985 --> 00:23:28,195
Yeah.

661
00:23:28,195 --> 00:23:29,200
IP FS Is that,

662
00:23:31,380 --> 00:23:32,360
is it still around?

663
00:23:32,695 --> 00:23:35,185
I know they had like a file add

664
00:23:35,185 --> 00:23:36,720
things to try to make sense,

665
00:23:37,525 --> 00:23:39,025
um, people to store data.

666
00:23:39,445 --> 00:23:40,075
I didn't know how

667
00:23:40,075 --> 00:23:41,815
successful that had been.

668
00:23:42,145 --> 00:23:42,625
Yeah.

669
00:23:42,678 --> 00:23:45,068
the question is, is IPFS interplanetary

670
00:23:45,068 --> 00:23:46,208
file system still around?

671
00:23:46,388 --> 00:23:49,948
It is, it's, um, I guess how much

672
00:23:49,948 --> 00:23:51,778
adoption and usage is still kind

673
00:23:51,778 --> 00:23:54,148
of up to, up in the air, whether it

674
00:23:54,148 --> 00:23:56,698
really will continue it, it seems

675
00:23:56,698 --> 00:23:57,988
like it's got some persistence.

676
00:23:57,988 --> 00:24:00,178
It's got some really interesting things

677
00:24:00,178 --> 00:24:02,818
and when, like when you pay to store a

678
00:24:02,818 --> 00:24:06,538
file, it's a one-time fee and the g the

679
00:24:06,538 --> 00:24:08,938
promises that that file is stored forever.

680
00:24:09,838 --> 00:24:10,768
And you're like, well,

681
00:24:10,798 --> 00:24:11,878
how's that possible?

682
00:24:12,448 --> 00:24:13,678
How's it possible that I can pay

683
00:24:13,678 --> 00:24:15,988
one single fee at one point in time

684
00:24:16,378 --> 00:24:18,688
and have a file stored forever?

685
00:24:19,678 --> 00:24:22,858
And the way they talk about it, if

686
00:24:22,858 --> 00:24:25,588
you dig into their docs and stuff, is

687
00:24:25,888 --> 00:24:28,378
their banking on the cost of storage

688
00:24:28,408 --> 00:24:31,918
and network costs to, as Moore's

689
00:24:31,918 --> 00:24:34,858
law continues up with, uh, you know,

690
00:24:34,858 --> 00:24:36,208
things getting cheaper and cheaper.

691
00:24:36,208 --> 00:24:37,678
Like, the fact that I can get a

692
00:24:37,678 --> 00:24:39,718
two terabyte SSD for like, what

693
00:24:39,898 --> 00:24:42,598
200 bucks is pretty amazing.

694
00:24:42,838 --> 00:24:45,028
Whereas my first hard drive was

695
00:24:45,028 --> 00:24:46,828
like, you know, I don't know,

696
00:24:46,828 --> 00:24:48,568
it was like 20 meg or something.

697
00:24:48,568 --> 00:24:49,618
It was pretty small.

698
00:24:50,332 --> 00:24:52,702
you know, it's like the fact that they

699
00:24:52,702 --> 00:24:55,792
can charge something and then based on the

700
00:24:55,792 --> 00:24:58,312
fact that they presume the cost of storage

701
00:24:58,402 --> 00:25:00,562
and is going to continue going down

702
00:25:00,562 --> 00:25:03,232
into the future that they can, that's,

703
00:25:03,232 --> 00:25:04,642
that's the guarantee that they've made.

704
00:25:04,642 --> 00:25:06,382
So it's pretty compelling.

705
00:25:07,282 --> 00:25:08,692
It's a thing you can buy for, you can

706
00:25:08,692 --> 00:25:10,282
pay for something now that you, your

707
00:25:10,282 --> 00:25:13,102
grandchildren, you know, can see or use.

708
00:25:13,312 --> 00:25:16,222
I mean, so much of the NFT world, I mean,

709
00:25:16,222 --> 00:25:18,472
you're talking about an NFT, it's like a

710
00:25:18,472 --> 00:25:20,302
picture of a bored ape or whatever, right?

711
00:25:20,842 --> 00:25:23,722
It's like the NFT is like on the

712
00:25:23,722 --> 00:25:26,482
chain, what the information about it.

713
00:25:26,872 --> 00:25:28,342
But that picture of, that ape

714
00:25:28,612 --> 00:25:30,832
lives on a, on a server somewhere.

715
00:25:30,982 --> 00:25:33,502
It lives on a web server somewhere.

716
00:25:33,772 --> 00:25:36,142
So the day that that person like, you

717
00:25:36,142 --> 00:25:38,662
know, gets hit by a truck or it goes outta

718
00:25:38,662 --> 00:25:40,732
business, that service, then the picture

719
00:25:40,732 --> 00:25:43,282
of that web ape goes away and it's like,

720
00:25:43,282 --> 00:25:46,312
well, I, I spent money on this thing and

721
00:25:46,312 --> 00:25:48,112
I can't even get to the picture anymore.

722
00:25:48,172 --> 00:25:49,042
That sucks.

723
00:25:49,612 --> 00:25:50,092
You know?

724
00:25:50,092 --> 00:25:53,235
And I know in, uh, the, the whole, craze

725
00:25:53,235 --> 00:25:56,445
around, uh, ruins and, and, and, uh,

726
00:25:56,445 --> 00:25:59,727
inscriptions and, and all that stuff, Is

727
00:26:00,057 --> 00:26:02,547
was putting huge amounts of data, which

728
00:26:02,547 --> 00:26:04,677
is effectively a lot of the resources

729
00:26:04,677 --> 00:26:07,017
for those NFTs on the blockchain itself.

730
00:26:07,047 --> 00:26:09,147
So, uh, any other questions?

731
00:26:11,127 --> 00:26:11,397
No.

732
00:26:12,837 --> 00:26:13,557
Alrighty.

733
00:26:14,247 --> 00:26:17,457
So, um, for the rest of the, um,

734
00:26:17,547 --> 00:26:18,867
for the presentation, for the most

735
00:26:18,867 --> 00:26:20,787
part, I'm gonna just look at their

736
00:26:20,787 --> 00:26:22,827
website resources and talk about it.

737
00:26:23,577 --> 00:26:29,097
Uh, so let's just, uh, start clicking.

738
00:26:29,337 --> 00:26:33,897
So, uh, before I go to this one, let me

739
00:26:33,897 --> 00:26:37,467
go to, and let me make it a bit bigger.

740
00:26:38,637 --> 00:26:39,237
Can we see it?

741
00:26:39,267 --> 00:26:39,477
Yep.

742
00:26:39,717 --> 00:26:40,137
All right.

743
00:26:40,917 --> 00:26:42,177
So this is the main page.

744
00:26:42,207 --> 00:26:44,247
Um, again, it's, it's a project,

745
00:26:44,247 --> 00:26:45,357
it's protocol, it's not a

746
00:26:45,357 --> 00:26:47,697
particular product itself.

747
00:26:48,237 --> 00:26:51,987
Um, you know, like Noster is a protocol

748
00:26:51,987 --> 00:26:53,472
I. And there's lots of clients, there's

749
00:26:53,472 --> 00:26:55,452
lots of relays, there's things written in

750
00:26:55,452 --> 00:26:57,042
any language, and there's a lot of people

751
00:26:57,042 --> 00:26:58,722
kind of putting their own spin on things.

752
00:26:59,262 --> 00:27:00,882
This is set up in a similar way.

753
00:27:01,512 --> 00:27:04,722
the, uh, if we go and look at the,

754
00:27:04,722 --> 00:27:08,652
uh, the docs, let's do that first.

755
00:27:09,582 --> 00:27:10,962
I'm gonna kinda walk through, if

756
00:27:10,962 --> 00:27:13,152
you, the, the names themselves

757
00:27:13,152 --> 00:27:14,322
kind of look like this.

758
00:27:14,892 --> 00:27:18,822
So you just decided, hey, they're

759
00:27:18,822 --> 00:27:20,142
make, kinda making this up.

760
00:27:20,202 --> 00:27:22,482
This is what a sovereign,

761
00:27:22,728 --> 00:27:23,992
space's name should look like.

762
00:27:24,052 --> 00:27:26,212
It's something to the left of the art

763
00:27:26,332 --> 00:27:28,342
symbol and something to the right.

764
00:27:29,342 --> 00:27:32,072
so right now, and this is still, this

765
00:27:32,072 --> 00:27:34,172
was launched on main net, I believe

766
00:27:34,172 --> 00:27:36,152
it was in November of last year.

767
00:27:36,722 --> 00:27:39,152
So it hasn't been really live that long.

768
00:27:39,152 --> 00:27:41,462
I was, I was trying to get on a testnet

769
00:27:41,462 --> 00:27:44,132
for prior to that, uh, to do some

770
00:27:44,132 --> 00:27:46,892
testing, see how it worked, but it's

771
00:27:46,892 --> 00:27:48,752
really hasn't been around that long.

772
00:27:49,192 --> 00:27:51,562
but uh, this was kind of the way

773
00:27:51,562 --> 00:27:53,002
they decided we're gonna use the at

774
00:27:53,002 --> 00:27:56,062
symbol to kind of denote a spaces

775
00:27:56,062 --> 00:27:58,492
top level name and then to the right

776
00:27:58,522 --> 00:28:02,092
is the name, no dot just the name.

777
00:28:02,242 --> 00:28:02,752
That's it.

778
00:28:03,615 --> 00:28:06,165
to the left is what they call, and we're,

779
00:28:06,315 --> 00:28:07,815
we're looking here in this example,

780
00:28:07,815 --> 00:28:10,575
Alice is what they call a subspace.

781
00:28:10,605 --> 00:28:11,955
I'm gonna talk about that in a second.

782
00:28:12,585 --> 00:28:15,315
But the, at Bitcoin in this example,

783
00:28:15,795 --> 00:28:18,135
you make, you, there's an auction

784
00:28:18,135 --> 00:28:21,885
process for declaring who owns

785
00:28:21,885 --> 00:28:24,105
and controls what top level names.

786
00:28:24,495 --> 00:28:25,665
And we'll go through that in a second.

787
00:28:25,665 --> 00:28:27,735
But this is the, how it's laid out.

788
00:28:28,185 --> 00:28:29,775
And then once this exists,

789
00:28:29,955 --> 00:28:32,385
then it can map to an identity.

790
00:28:32,505 --> 00:28:34,095
It could be a, uh, nostri

791
00:28:34,095 --> 00:28:35,595
identity or other identity.

792
00:28:35,595 --> 00:28:37,245
So in this case, it maps

793
00:28:37,245 --> 00:28:38,835
to this particular end pub.

794
00:28:39,395 --> 00:28:41,855
and, uh, but it can also

795
00:28:42,125 --> 00:28:43,835
through another system.

796
00:28:44,150 --> 00:28:46,040
Uh, simulate DNS lookups.

797
00:28:46,040 --> 00:28:48,020
So DNS zone information.

798
00:28:48,020 --> 00:28:50,510
So think of things like a records,

799
00:28:50,750 --> 00:28:53,030
uh, c name records, uh, text records,

800
00:28:53,030 --> 00:28:54,830
those sorts of things can be also

801
00:28:54,830 --> 00:28:57,200
associated with a particular top

802
00:28:57,200 --> 00:28:59,000
level name on its own, or what,

803
00:28:59,000 --> 00:29:01,070
this is what like a subspace names

804
00:29:03,200 --> 00:29:07,190
like oxygen constant as legitimate

805
00:29:08,120 --> 00:29:12,320
to the So it it is, yeah.

806
00:29:12,320 --> 00:29:13,370
It's, it's part of it.

807
00:29:13,370 --> 00:29:14,780
And I think they've, they've put a lot

808
00:29:14,780 --> 00:29:16,460
of thought into this, so I'm gonna, and

809
00:29:16,460 --> 00:29:17,870
I'm gonna talk about that in a second.

810
00:29:19,370 --> 00:29:22,010
So, um, just a few things here and

811
00:29:22,010 --> 00:29:23,390
let me see if I can make this bigger.

812
00:29:24,710 --> 00:29:25,970
So there we go.

813
00:29:25,970 --> 00:29:27,790
So, what makes, space special?

814
00:29:28,330 --> 00:29:29,350
They're anchored in bit chain.

815
00:29:29,350 --> 00:29:30,340
We talked about that.

816
00:29:30,340 --> 00:29:33,820
It's a, and primary spaces are community,

817
00:29:33,850 --> 00:29:35,710
what they call community identifiers.

818
00:29:36,400 --> 00:29:38,710
And, uh, because of the issuance

819
00:29:38,710 --> 00:29:40,810
IE in the, uh, the rate at which

820
00:29:40,810 --> 00:29:42,550
these names can be created.

821
00:29:42,955 --> 00:29:44,365
And we'll talk about that.

822
00:29:44,485 --> 00:29:45,895
There's an, there's an absolute

823
00:29:45,895 --> 00:29:48,295
limit of 3,600 per year it can be

824
00:29:48,295 --> 00:29:51,265
created, and they're acquired through

825
00:29:51,355 --> 00:29:53,695
permissionless auctions that actually

826
00:29:53,695 --> 00:29:55,375
occur on the Bitcoin blockchain.

827
00:29:56,215 --> 00:29:58,945
And the primary space, they call it

828
00:29:58,945 --> 00:30:00,805
a community, but basically then the

829
00:30:00,805 --> 00:30:02,695
number of things to the left of the

830
00:30:02,695 --> 00:30:06,028
at symbol, can, can be pretty much

831
00:30:06,028 --> 00:30:09,215
unlimited, known as, uh, subspaces.

832
00:30:09,875 --> 00:30:12,185
And this is, this is, um, something that

833
00:30:12,185 --> 00:30:13,715
it took me a little bit to understand

834
00:30:13,715 --> 00:30:16,955
because we normally, we, we really,

835
00:30:17,165 --> 00:30:18,935
our, our thoughts kind of go back to

836
00:30:18,935 --> 00:30:22,565
DNS and how it works in that, in DNS,

837
00:30:22,595 --> 00:30:24,605
everything to the left of the dot,

838
00:30:25,055 --> 00:30:27,245
like you make a, you get a.com name,

839
00:30:27,245 --> 00:30:29,015
so you got that first that, that.

840
00:30:29,300 --> 00:30:30,860
Second level DNS name.

841
00:30:31,100 --> 00:30:32,360
And if you say there's something to

842
00:30:32,360 --> 00:30:33,920
the left with ano, you can, that you

843
00:30:33,920 --> 00:30:36,560
could say, well that's a subdomain and

844
00:30:36,560 --> 00:30:38,570
I can delegate that to someone else.

845
00:30:38,930 --> 00:30:40,430
And you can say to that one, you

846
00:30:40,430 --> 00:30:41,750
say, well put another dot there

847
00:30:41,750 --> 00:30:43,100
and there's another subdomain.

848
00:30:43,100 --> 00:30:45,380
So in a DNS system, there's this

849
00:30:45,440 --> 00:30:48,350
hierarchy of delegation that's inherent

850
00:30:48,350 --> 00:30:51,350
in how DNS works in this system,

851
00:30:51,740 --> 00:30:53,090
even though it looks like there's

852
00:30:53,090 --> 00:30:55,790
kind of a main level at Bitcoin.

853
00:30:55,910 --> 00:30:58,220
And then you know, Bob Alice on the, to

854
00:30:58,220 --> 00:31:01,160
the left, that maybe there's two levels

855
00:31:01,520 --> 00:31:04,910
actually, once a name has been created a

856
00:31:04,910 --> 00:31:07,730
subspace in the, in their terminology it

857
00:31:07,880 --> 00:31:11,030
is participates in a very flat name space.

858
00:31:11,300 --> 00:31:13,820
All this stuff lives at the same level.

859
00:31:14,450 --> 00:31:16,700
Uh, Steve question, quick comment.

860
00:31:18,410 --> 00:31:19,550
DS is very oracle.

861
00:31:19,610 --> 00:31:21,140
'cause you had some domains on

862
00:31:21,140 --> 00:31:22,640
some domains on other domains.

863
00:31:22,640 --> 00:31:23,060
Yeah.

864
00:31:23,120 --> 00:31:24,500
In my opinion, that's.

865
00:31:27,680 --> 00:31:30,290
In my opinion, DNS is also just as flat

866
00:31:30,290 --> 00:31:32,180
app because when you actually look at

867
00:31:32,180 --> 00:31:34,880
how it is entered into like a, um, a zone

868
00:31:34,880 --> 00:31:38,265
file, like all of, like, if you have,

869
00:31:38,285 --> 00:31:42,705
um, you know, uh, andrew dot users dot

870
00:31:42,740 --> 00:31:46,790
atl be lab.com, Andrew dot users is just

871
00:31:46,790 --> 00:31:49,010
one subdomain with period in middle.

872
00:31:50,540 --> 00:31:52,220
Like, it, it doesn't even like at the,

873
00:31:52,280 --> 00:31:54,470
um, there, there's no like sense of

874
00:31:54,470 --> 00:31:55,700
like, oh, there's like some other or

875
00:31:55,700 --> 00:31:57,650
some file that it's being delegated to.

876
00:31:57,830 --> 00:31:58,910
It's just a stream with

877
00:31:58,910 --> 00:31:59,810
the period of in middle.

878
00:31:59,810 --> 00:32:01,700
So like the whole like concept of

879
00:32:01,700 --> 00:32:03,500
like subdomains of subdomains is

880
00:32:03,500 --> 00:32:05,360
just like the way we think about

881
00:32:05,360 --> 00:32:06,830
it, but like our people brains.

882
00:32:06,920 --> 00:32:09,020
But it's really just a string of period.

883
00:32:09,380 --> 00:32:11,930
So, uh, hopefully that was caught.

884
00:32:11,930 --> 00:32:14,870
But just to recap it quickly, the

885
00:32:14,870 --> 00:32:16,730
sub, uh, Steven's saying subdomains

886
00:32:16,730 --> 00:32:18,470
are just really a.in the name.

887
00:32:19,010 --> 00:32:21,320
It can be, or it can

888
00:32:21,350 --> 00:32:23,270
represent further delegation.

889
00:32:23,420 --> 00:32:25,790
It depends on how you set up your zones.

890
00:32:26,135 --> 00:32:27,335
And delegation.

891
00:32:27,635 --> 00:32:29,495
You can say this, that's where the start

892
00:32:29,495 --> 00:32:31,805
of authority record dictates, okay,

893
00:32:31,805 --> 00:32:34,715
now I'm taking over this part of the

894
00:32:34,715 --> 00:32:36,455
name and everything to the left of it.

895
00:32:37,055 --> 00:32:37,530
So Sure.

896
00:32:38,910 --> 00:32:42,210
Do that with like web to like, said

897
00:32:42,210 --> 00:32:43,895
that that's like a different protocol

898
00:32:43,895 --> 00:32:46,570
there, but I think you side conversation.

899
00:32:46,830 --> 00:32:49,235
No, no, it's, it's, it's

900
00:32:49,235 --> 00:32:50,165
a, it's a good point.

901
00:32:50,165 --> 00:32:52,475
And, and, um, you know, it's, it's,

902
00:32:53,195 --> 00:32:56,225
it is because there's a lot of

903
00:32:56,225 --> 00:32:57,785
overlap and there's a, because the

904
00:32:57,785 --> 00:32:59,405
intention and the, and the kind of

905
00:32:59,405 --> 00:33:02,180
function of it is very much attempting

906
00:33:02,180 --> 00:33:05,105
to replace DNS then the comparison

907
00:33:05,105 --> 00:33:07,655
always comes in, how does this work?

908
00:33:07,655 --> 00:33:09,215
How is it compared to DNS?

909
00:33:09,665 --> 00:33:11,195
And uh, so those are always, uh,

910
00:33:11,195 --> 00:33:12,275
the questions that are popping up.

911
00:33:12,275 --> 00:33:12,605
Go ahead.

912
00:33:14,045 --> 00:33:14,195
Yeah.

913
00:33:14,555 --> 00:33:16,430
Say I put an auction and

914
00:33:16,475 --> 00:33:18,035
I get a particular space.

915
00:33:18,250 --> 00:33:20,855
Do I control who gets the

916
00:33:20,855 --> 00:33:22,805
makeup sub space in my space?

917
00:33:22,835 --> 00:33:23,315
You do?

918
00:33:24,155 --> 00:33:24,635
Okay.

919
00:33:24,635 --> 00:33:24,905
Yeah.

920
00:33:25,400 --> 00:33:28,160
That seems like a problem because

921
00:33:28,520 --> 00:33:29,900
that seems like we get it back

922
00:33:29,900 --> 00:33:32,180
to the same problem of DNS where

923
00:33:32,300 --> 00:33:33,770
it's not permissionless anymore.

924
00:33:33,920 --> 00:33:35,720
We have to, I have to ask the

925
00:33:35,720 --> 00:33:37,670
permission of the person who has

926
00:33:37,670 --> 00:33:40,370
the space to get a self space and

927
00:33:40,375 --> 00:33:42,530
then they have property permit then.

928
00:33:42,620 --> 00:33:43,070
Yeah.

929
00:33:43,070 --> 00:33:46,790
So, um, think that's where the, this

930
00:33:46,790 --> 00:33:49,940
is, this is part of this and we're gonna

931
00:33:49,940 --> 00:33:53,030
touch on that if you, if you hold onto

932
00:33:53,030 --> 00:33:54,950
that question a little bit, but to kind

933
00:33:54,950 --> 00:33:57,320
of partially answer it and, and, 'cause I

934
00:33:57,320 --> 00:34:00,650
wanted to kind of and impress this point

935
00:34:00,650 --> 00:34:03,530
of it, is that once a subspace, which

936
00:34:03,530 --> 00:34:05,690
is like the Alice at Bitcoin, once the

937
00:34:05,690 --> 00:34:09,950
Alice part has been created, then it lives

938
00:34:10,040 --> 00:34:13,610
in initially kind of, and, and I'm not

939
00:34:13,610 --> 00:34:15,740
completely exactly sure how all of this

940
00:34:15,740 --> 00:34:17,750
works because it's yet to be rolled out

941
00:34:17,750 --> 00:34:20,395
in terms of functionality, but It exists

942
00:34:20,425 --> 00:34:22,705
in like a Merkel tree, representation

943
00:34:22,765 --> 00:34:27,355
of that part of the space and can exist

944
00:34:27,415 --> 00:34:30,055
in that way without going back on chain.

945
00:34:30,298 --> 00:34:33,028
for that however you like, you say,

946
00:34:33,058 --> 00:34:34,798
oh, if I own the top level and I

947
00:34:34,798 --> 00:34:36,808
give, then, then I can control it.

948
00:34:37,168 --> 00:34:38,608
But once it's been created, so

949
00:34:38,608 --> 00:34:39,778
in that case, in the case of

950
00:34:39,778 --> 00:34:41,518
this one Alice at Bitcoin, right?

951
00:34:43,168 --> 00:34:46,558
Once that's created, then there's

952
00:34:46,558 --> 00:34:49,048
a process where you can take that

953
00:34:49,438 --> 00:34:53,248
identifier and take it on chain for fee.

954
00:34:53,308 --> 00:34:54,778
I mean just 'cause it's a transaction

955
00:34:55,048 --> 00:34:57,298
and once it's taken on chain, then that

956
00:34:57,298 --> 00:34:59,608
severs any relationship with the person

957
00:34:59,608 --> 00:35:01,978
that owned the app, Bitcoin and their

958
00:35:01,978 --> 00:35:04,228
ability to control that any further now it

959
00:35:04,228 --> 00:35:07,768
stands completely on its own and is just

960
00:35:07,768 --> 00:35:11,008
as valid as anything else in the system.

961
00:35:11,578 --> 00:35:13,828
So it's a little bit of a, a

962
00:35:13,828 --> 00:35:16,348
little mind bend of how that works.

963
00:35:16,768 --> 00:35:18,748
And we haven't really seen the fullest

964
00:35:18,748 --> 00:35:20,248
implementation of all that yet.

965
00:35:20,518 --> 00:35:22,768
But that's the, um, the theory behind it.

966
00:35:22,978 --> 00:35:26,008
So if you say, oh, I like, I want an at

967
00:35:26,038 --> 00:35:28,318
Bitcoin address, I'm gonna pay whoever at

968
00:35:28,378 --> 00:35:30,568
the guy that's running at Bitcoin is, and

969
00:35:30,568 --> 00:35:33,538
I want it to be, you know, me at Bitcoin.

970
00:35:33,732 --> 00:35:35,142
as soon as that's created and it's

971
00:35:35,142 --> 00:35:37,482
delegated to you, then you can say,

972
00:35:37,482 --> 00:35:40,842
well, I don't wanna worry about the, this

973
00:35:40,842 --> 00:35:43,302
person like managing this for me anymore.

974
00:35:43,302 --> 00:35:44,322
I'm gonna take it on chain.

975
00:35:44,322 --> 00:35:45,582
And from that point it's like

976
00:35:45,672 --> 00:35:46,797
you completely control it.

977
00:35:46,797 --> 00:35:48,942
The person that runs at Bitcoin could

978
00:35:48,942 --> 00:35:52,212
get hit by a truck and their estate

979
00:35:52,212 --> 00:35:54,462
can totally not know what to do with

980
00:35:54,462 --> 00:35:57,102
it and whatever, and it's gone, but

981
00:35:57,102 --> 00:35:59,652
you'll still have a valid identifier.

982
00:36:01,362 --> 00:36:01,662
Okay.

983
00:36:02,862 --> 00:36:03,642
Uh, lemme just kinda look

984
00:36:03,642 --> 00:36:04,572
through this a little more.

985
00:36:04,572 --> 00:36:08,142
Let's, uh, anything else to say.

986
00:36:09,147 --> 00:36:09,327
Question.

987
00:36:10,407 --> 00:36:10,737
Go ahead.

988
00:36:12,357 --> 00:36:13,407
Why do you need the

989
00:36:13,512 --> 00:36:14,512
first level management?

990
00:36:14,512 --> 00:36:17,252
And I might not be, but, but

991
00:36:17,277 --> 00:36:18,537
why do you even need that

992
00:36:18,537 --> 00:36:21,732
administrator for that to start with?

993
00:36:21,922 --> 00:36:24,417
Like what, what goal are they serving?

994
00:36:24,987 --> 00:36:26,758
Like obviously you can't have duplicates,

995
00:36:26,758 --> 00:36:27,687
you can't have identical duplicates,

996
00:36:27,687 --> 00:36:28,647
but can't you just build that down?

997
00:36:30,237 --> 00:36:33,027
What is that initial, um,

998
00:36:33,357 --> 00:36:35,367
layer of the auction doing?

999
00:36:35,457 --> 00:36:36,567
Like what, what role are

1000
00:36:36,567 --> 00:36:38,607
they really serving students?

1001
00:36:38,607 --> 00:36:41,757
So the, the question is, why does

1002
00:36:41,757 --> 00:36:43,797
someone need to own that top level

1003
00:36:43,797 --> 00:36:47,907
name in order to facilitate the, the

1004
00:36:47,907 --> 00:36:49,977
functioning of this naming system?

1005
00:36:50,703 --> 00:36:52,113
I think the best answer is

1006
00:36:52,113 --> 00:36:55,743
that that becomes property.

1007
00:36:56,688 --> 00:36:57,918
That has value.

1008
00:36:58,278 --> 00:37:00,858
And by virtue of your ownership

1009
00:37:00,858 --> 00:37:03,198
and control of it, you exert a

1010
00:37:03,198 --> 00:37:05,328
certain amount of, uh, I mean, Val,

1011
00:37:05,388 --> 00:37:07,548
there's value in the property name.

1012
00:37:07,548 --> 00:37:10,188
Like, would you say that,

1013
00:37:10,188 --> 00:37:12,288
you know, google.com as a

1014
00:37:12,288 --> 00:37:14,863
name is, is valuable, right?

1015
00:37:17,643 --> 00:37:20,303
So like, like why are you, why does

1016
00:37:20,303 --> 00:37:23,088
anyone move to He broke do com side of it?

1017
00:37:23,088 --> 00:37:24,198
Maybe I'm misunderstand.

1018
00:37:24,558 --> 00:37:26,508
I agree that once you have google.com,

1019
00:37:26,508 --> 00:37:28,128
that, that, that should be something

1020
00:37:28,128 --> 00:37:30,078
that you can kind, why are you wired?

1021
00:37:30,288 --> 00:37:32,208
Anyone leaving on the.com side of it?

1022
00:37:32,538 --> 00:37:36,018
Well, this was designed to be in like an,

1023
00:37:36,738 --> 00:37:40,488
like a non, like a permissionless system.

1024
00:37:40,728 --> 00:37:43,038
There is no owner, there is no

1025
00:37:43,158 --> 00:37:45,048
entity that controls anything.

1026
00:37:45,378 --> 00:37:46,578
There's just a process

1027
00:37:46,578 --> 00:37:48,228
that you follow and then.

1028
00:37:48,798 --> 00:37:50,808
If you come outta the end of it with

1029
00:37:50,808 --> 00:37:52,188
being the winner of the.at Bitcoin,

1030
00:37:53,148 --> 00:37:55,068
then that becomes your responsibility

1031
00:37:57,198 --> 00:37:58,128
to give a scenario.

1032
00:37:58,488 --> 00:38:00,393
So like, as far as this question of

1033
00:38:00,708 --> 00:38:02,418
like, why do I need this top level?

1034
00:38:02,748 --> 00:38:05,568
Let's say if we had it like in pubs

1035
00:38:05,718 --> 00:38:07,878
where you just had, like, in this

1036
00:38:07,878 --> 00:38:11,178
protocol, I've stated that this info

1037
00:38:11,418 --> 00:38:13,968
gets to point to some IP address.

1038
00:38:14,358 --> 00:38:16,428
Well, at that point you didn't

1039
00:38:16,428 --> 00:38:18,438
need to have this top layer

1040
00:38:18,438 --> 00:38:20,568
and you get the same effect.

1041
00:38:20,568 --> 00:38:21,438
You could still even

1042
00:38:21,438 --> 00:38:22,308
make that prohibition.

1043
00:38:22,818 --> 00:38:22,998
All right.

1044
00:38:23,358 --> 00:38:24,273
Might know a succinct answer.

1045
00:38:24,533 --> 00:38:24,948
All right.

1046
00:38:25,158 --> 00:38:25,428
Yeah.

1047
00:38:25,458 --> 00:38:27,798
Uh, just there, it just to answer

1048
00:38:27,858 --> 00:38:29,478
kind of Quas answer your question

1049
00:38:29,598 --> 00:38:32,148
before Alex jumps in, there is another

1050
00:38:32,148 --> 00:38:33,978
project that does something almost

1051
00:38:33,978 --> 00:38:35,298
exactly what you're describing.

1052
00:38:35,762 --> 00:38:36,572
go ahead Alex.

1053
00:38:36,722 --> 00:38:37,082
Yeah.

1054
00:38:37,082 --> 00:38:37,262
Okay.

1055
00:38:37,262 --> 00:38:38,222
So anytime that you're dealing

1056
00:38:38,222 --> 00:38:39,242
with a protocol that involves

1057
00:38:39,242 --> 00:38:40,472
ownership, you have to solve a

1058
00:38:40,472 --> 00:38:42,422
problem with what is two evolve.

1059
00:38:42,422 --> 00:38:43,682
Say that they own the same thing.

1060
00:38:44,042 --> 00:38:45,062
You have to figure out which

1061
00:38:45,062 --> 00:38:46,022
person's floor happens.

1062
00:38:46,397 --> 00:38:47,627
So, uh, how do you do that?

1063
00:38:47,627 --> 00:38:48,647
Well, you can build something like

1064
00:38:48,647 --> 00:38:50,957
Bitcoin and you can have like a massive

1065
00:38:50,957 --> 00:38:52,547
ledger to figure out who's correct.

1066
00:38:52,757 --> 00:38:53,747
Like that's the source security.

1067
00:38:54,017 --> 00:38:56,297
But if you're not using a massive

1068
00:38:56,507 --> 00:38:58,277
shared database, you have to

1069
00:38:58,277 --> 00:38:59,357
figure out some other way to

1070
00:38:59,357 --> 00:39:00,917
figure out who wants to buy that.

1071
00:39:01,097 --> 00:39:04,367
So if two people claim, uh, Bitcoin's off

1072
00:39:04,367 --> 00:39:06,863
whatever, uh, like Bitcoin claim by big.

1073
00:39:07,097 --> 00:39:09,767
So, so distinguish Bitcoin, you look

1074
00:39:09,767 --> 00:39:12,077
at the, the Bitcoin model and to see

1075
00:39:12,287 --> 00:39:14,117
which transaction works first basic.

1076
00:39:14,987 --> 00:39:15,617
Does that make sense?

1077
00:39:15,617 --> 00:39:20,777
Like apply box s we didn't, we didn't

1078
00:39:20,777 --> 00:39:23,987
have permission was blockchains in the

1079
00:39:23,987 --> 00:39:25,522
late eighties when DMS was invented.

1080
00:39:25,997 --> 00:39:28,787
And so because we didn't have these

1081
00:39:29,837 --> 00:39:31,817
permissionless blockchains, like we had

1082
00:39:31,817 --> 00:39:33,977
to say, okay, well we're gonna trust

1083
00:39:33,977 --> 00:39:36,137
a third party and that third party is

1084
00:39:36,137 --> 00:39:37,967
gonna be the internet corporation for

1085
00:39:37,967 --> 00:39:40,337
sign names to numbers and they're gonna

1086
00:39:40,337 --> 00:39:43,157
delegate authority to donate registrars.

1087
00:39:43,517 --> 00:39:44,927
And the domain registrars are.

1088
00:39:46,382 --> 00:39:48,122
Natasha, this domain, domain name and

1089
00:39:48,122 --> 00:39:49,622
Steven knows this domain, domain name.

1090
00:39:49,952 --> 00:39:51,722
So that's kind of at a technical level

1091
00:39:51,722 --> 00:39:54,272
why you either, you know, you either need

1092
00:39:54,272 --> 00:39:56,792
some kind of trustless public data source

1093
00:39:56,912 --> 00:39:58,412
or you need to trust the third party.

1094
00:39:59,327 --> 00:40:00,927
I, that's, to me, that's still

1095
00:40:00,987 --> 00:40:02,432
my answer because I feel like you

1096
00:40:02,432 --> 00:40:05,327
can still have, if the trust list,

1097
00:40:06,117 --> 00:40:08,372
what it being this hierarchical

1098
00:40:08,372 --> 00:40:10,022
level of having the top layer.

1099
00:40:10,322 --> 00:40:11,492
Because even what you're saying, like

1100
00:40:11,492 --> 00:40:14,252
if we have the option and store the data

1101
00:40:14,582 --> 00:40:17,432
on the, the blockchain to say, Hey, this

1102
00:40:17,432 --> 00:40:20,222
random screen of numbers, that's gonna be

1103
00:40:20,222 --> 00:40:23,132
our identity points to this IP address.

1104
00:40:23,132 --> 00:40:24,662
And you can always update

1105
00:40:24,662 --> 00:40:26,327
that because you've basically

1106
00:40:26,327 --> 00:40:27,807
bought the right to do so.

1107
00:40:28,427 --> 00:40:30,482
It seems like you still don't need this

1108
00:40:30,482 --> 00:40:33,212
hierarchy is the hierarchy is a feature

1109
00:40:33,362 --> 00:40:36,087
that you can do stage changes without

1110
00:40:36,107 --> 00:40:37,847
hiring a big Bitcoin transaction.

1111
00:40:38,267 --> 00:40:39,782
So like we can create your

1112
00:40:39,782 --> 00:40:41,522
domains off of one way cheaper.

1113
00:40:42,002 --> 00:40:43,802
Like Yeah, you're saying it does work,

1114
00:40:43,802 --> 00:40:47,507
it's, it's a scaling f. It expensive

1115
00:40:47,777 --> 00:40:49,397
to use this like fair resource.

1116
00:40:51,107 --> 00:40:53,117
Can you move forward?

1117
00:40:53,237 --> 00:40:55,007
And I wonder if you gimme the options.

1118
00:40:55,007 --> 00:40:55,877
I don't mean like on the page,

1119
00:40:56,012 --> 00:40:57,467
I'm on the page, but I'm wondering

1120
00:40:57,467 --> 00:40:59,447
if as you get the auctions Yeah.

1121
00:40:59,447 --> 00:41:01,307
Section, some of Antoine's

1122
00:41:01,307 --> 00:41:02,327
questions might make sense.

1123
00:41:02,327 --> 00:41:02,747
Okay.

1124
00:41:02,747 --> 00:41:04,577
Yeah, no, no.

1125
00:41:04,700 --> 00:41:06,560
presuming this question, your questions

1126
00:41:06,560 --> 00:41:07,850
have been answered already, right?

1127
00:41:07,850 --> 00:41:10,580
So, um, just before move on, 'cause

1128
00:41:10,580 --> 00:41:12,290
I'm not sure, it'd be nice to kind

1129
00:41:12,290 --> 00:41:13,820
of keep as much of this discussion

1130
00:41:13,820 --> 00:41:15,740
like in the recording as possible.

1131
00:41:16,100 --> 00:41:18,980
Alex is making a, a, a point, uh, is

1132
00:41:18,980 --> 00:41:20,930
that in a system like this, you need a

1133
00:41:20,930 --> 00:41:23,090
way to say, to def, define definitively.

1134
00:41:23,090 --> 00:41:25,100
Say, well, who owns what If there's

1135
00:41:25,100 --> 00:41:26,840
two people that contend for owning the

1136
00:41:26,840 --> 00:41:29,233
same name, say in the, in this case,

1137
00:41:29,233 --> 00:41:32,007
at Bitcoin, how do you know who has the

1138
00:41:32,007 --> 00:41:34,767
real name or who's the legitimate owner?

1139
00:41:35,187 --> 00:41:36,507
And uh, Steven was kind

1140
00:41:36,507 --> 00:41:37,347
of following on with that.

1141
00:41:37,347 --> 00:41:38,577
It's like back when the

1142
00:41:38,577 --> 00:41:39,747
internet was created.

1143
00:41:40,167 --> 00:41:41,967
We didn't have blockchain as a

1144
00:41:41,967 --> 00:41:44,247
mechanism for, for storing things

1145
00:41:44,247 --> 00:41:46,767
that could be completely trustless.

1146
00:41:46,977 --> 00:41:48,477
We had to rely on other things.

1147
00:41:48,477 --> 00:41:50,997
We chose, in this case, to rely on an

1148
00:41:50,997 --> 00:41:54,050
entity called ican, which would then

1149
00:41:54,170 --> 00:41:57,260
delegate responsibility to registrars,

1150
00:41:57,260 --> 00:41:59,570
which were businesses like Verisign,

1151
00:41:59,600 --> 00:42:02,390
GoDaddy, name any of them, right?

1152
00:42:02,930 --> 00:42:06,740
Two cows, if I'm naming myself, or aging.

1153
00:42:06,980 --> 00:42:10,910
Anyway, uh, and then eventually

1154
00:42:10,910 --> 00:42:13,250
countries got their own delegation

1155
00:42:13,250 --> 00:42:14,450
so that you could get, you know,

1156
00:42:14,510 --> 00:42:16,130
the ones that were country and then

1157
00:42:16,550 --> 00:42:18,380
that is even further proliferated.

1158
00:42:18,380 --> 00:42:19,970
But you gotta have one or the other.

1159
00:42:19,970 --> 00:42:21,680
You gotta have either an authority that

1160
00:42:21,680 --> 00:42:24,380
says who owns what, that you can go to

1161
00:42:24,380 --> 00:42:26,330
and ask the question, or you have to

1162
00:42:26,330 --> 00:42:29,660
have a system of, of record that you can

1163
00:42:29,660 --> 00:42:32,570
query and say, okay, who is the indeed

1164
00:42:32,570 --> 00:42:34,640
the proper owner of this property?

1165
00:42:34,700 --> 00:42:35,150
The name.

1166
00:42:37,025 --> 00:42:39,065
lemme just kinda look quick here.

1167
00:42:39,065 --> 00:42:41,345
Uh, space is protocol is designed

1168
00:42:41,345 --> 00:42:43,055
with the ZK light clients in mind,

1169
00:42:43,055 --> 00:42:44,645
making the identities verifiable

1170
00:42:44,645 --> 00:42:45,965
and resource constrained device.

1171
00:42:46,145 --> 00:42:47,915
So this gets to kind of what Alex was

1172
00:42:48,095 --> 00:42:50,135
to touching on, is like, in order to

1173
00:42:50,135 --> 00:42:54,035
make it scalable without going on chain

1174
00:42:54,035 --> 00:42:55,925
or having to query the chain all the

1175
00:42:55,925 --> 00:42:58,475
time there, everything to the left

1176
00:42:58,475 --> 00:43:01,205
of the at sign is, can be managed by

1177
00:43:01,265 --> 00:43:04,055
a zero K proofing sort of systems.

1178
00:43:06,348 --> 00:43:08,568
like yeah, once allocated, permissionless

1179
00:43:08,568 --> 00:43:11,058
secures, bridges, no bridges, no slashing,

1180
00:43:11,058 --> 00:43:14,028
no any kind of optimistic security, um,

1181
00:43:16,248 --> 00:43:17,988
and Trump, you know, no

1182
00:43:17,988 --> 00:43:19,488
need to trust again, this is

1183
00:43:19,488 --> 00:43:20,898
about the un cancel ability.

1184
00:43:22,698 --> 00:43:23,118
Go ahead.

1185
00:43:23,148 --> 00:43:23,388
Okay.

1186
00:43:27,078 --> 00:43:27,708
Does that mean?

1187
00:43:27,768 --> 00:43:29,628
No, all of our app bitcoins can get

1188
00:43:29,628 --> 00:43:31,488
created from that point forward, right?

1189
00:43:31,488 --> 00:43:32,538
Is that what we're saying?

1190
00:43:32,628 --> 00:43:32,808
Yep.

1191
00:43:33,468 --> 00:43:33,768
Yeah.

1192
00:43:34,068 --> 00:43:34,938
Unless they hand it off.

1193
00:43:34,968 --> 00:43:35,178
Yeah.

1194
00:43:35,178 --> 00:43:36,528
They would have to delegate it if

1195
00:43:36,528 --> 00:43:38,448
they had, I mean, you, you would

1196
00:43:38,448 --> 00:43:41,505
probably, if you own app Bitcoin and

1197
00:43:41,505 --> 00:43:43,785
somebody does, 'cause this auctions

1198
00:43:43,785 --> 00:43:45,525
have already stored and it's been

1199
00:43:45,525 --> 00:43:48,135
registered, uh, and you don't, you don't

1200
00:43:48,135 --> 00:43:50,625
have good estate planning, succession

1201
00:43:50,625 --> 00:43:53,505
planning, then, uh, yeah, same.

1202
00:43:53,955 --> 00:43:55,485
It's, it mirrors a lot of the

1203
00:43:55,485 --> 00:43:57,225
same dilemmas that, uh, you know,

1204
00:43:57,585 --> 00:43:59,055
a lot of, uh, owning and, and

1205
00:43:59,055 --> 00:44:00,465
controlling a lot of Bitcoin does.

1206
00:44:00,525 --> 00:44:01,905
It's like, especially when you want

1207
00:44:01,905 --> 00:44:03,525
to get into estate planning and stuff.

1208
00:44:04,155 --> 00:44:08,295
Um, let's, so, so, uh, the, the fabric

1209
00:44:08,295 --> 00:44:11,128
DHT is, I'm, I'm gonna skip that.

1210
00:44:11,188 --> 00:44:13,078
I don't know why it's second in line.

1211
00:44:13,462 --> 00:44:15,342
effectively it's a, just

1212
00:44:15,372 --> 00:44:16,332
quickly I'll touch on it.

1213
00:44:17,022 --> 00:44:21,012
It's a. Distributed hash tables, uh, set

1214
00:44:21,042 --> 00:44:24,882
of nodes, not dislike how bit Torrance

1215
00:44:24,882 --> 00:44:29,292
work that allow the storage of records,

1216
00:44:29,532 --> 00:44:33,612
so metadata about a name to exist and be

1217
00:44:33,672 --> 00:44:35,922
easily looked up and have a distributed

1218
00:44:35,927 --> 00:44:38,535
look up, without going on chain and

1219
00:44:38,535 --> 00:44:41,295
without relying on any particular node.

1220
00:44:41,295 --> 00:44:44,585
So, if you look at how, BitTorrent

1221
00:44:44,585 --> 00:44:47,735
works, it dices everything up.

1222
00:44:47,735 --> 00:44:49,265
It spreads it around all these different

1223
00:44:49,265 --> 00:44:51,245
servers got this, this algorithm for how

1224
00:44:51,245 --> 00:44:52,865
you figure out where stuff is and how

1225
00:44:52,985 --> 00:44:54,425
to collect it back when you need to like

1226
00:44:54,725 --> 00:44:57,425
get that download of that movie you're

1227
00:44:57,425 --> 00:45:00,095
not supposed to be getting, et cetera.

1228
00:45:00,345 --> 00:45:02,355
it uses a similar separate but

1229
00:45:02,355 --> 00:45:05,145
similar methodology, but, uh, and

1230
00:45:05,145 --> 00:45:06,165
I could talk more about it later,

1231
00:45:06,165 --> 00:45:07,395
but the more interesting thing is

1232
00:45:07,395 --> 00:45:08,505
like, how do we get here, right?

1233
00:45:08,775 --> 00:45:11,565
So the auctions section, so

1234
00:45:11,745 --> 00:45:13,335
the auctions work like this.

1235
00:45:14,398 --> 00:45:15,955
well before you can participate

1236
00:45:15,955 --> 00:45:17,575
and kind of take actions, you

1237
00:45:17,575 --> 00:45:19,915
need to, uh, install the software.

1238
00:45:19,915 --> 00:45:22,525
So the software, involves two things.

1239
00:45:22,525 --> 00:45:24,535
A command line interface tool,

1240
00:45:25,045 --> 00:45:27,925
and a process that needs access.

1241
00:45:27,925 --> 00:45:29,395
And, uh, RPC interface

1242
00:45:29,395 --> 00:45:31,615
access to a Bitcoin node.

1243
00:45:32,275 --> 00:45:33,085
So we don't need anything

1244
00:45:33,085 --> 00:45:35,275
lightning, just Bitcoin node, right?

1245
00:45:35,275 --> 00:45:36,085
But you need to have one

1246
00:45:36,085 --> 00:45:37,945
available that you can, that you

1247
00:45:37,945 --> 00:45:40,105
can have, uh, be able to query.

1248
00:45:40,450 --> 00:45:41,575
And, and why is that?

1249
00:45:41,575 --> 00:45:43,075
Well, it's because what,

1250
00:45:43,105 --> 00:45:44,695
there's a demon process.

1251
00:45:45,145 --> 00:45:48,295
That when you, uh, run it, it creates

1252
00:45:48,295 --> 00:45:50,695
its own RPC sort of interface so

1253
00:45:50,695 --> 00:45:52,105
that you can ask questions to it.

1254
00:45:52,255 --> 00:45:54,805
And then it crawls the Bitcoin blockchain

1255
00:45:54,805 --> 00:45:56,245
from a certain height where it was

1256
00:45:56,245 --> 00:45:57,985
first, where this protocol is first

1257
00:45:57,985 --> 00:45:59,995
launched, and then it crawls through it

1258
00:45:59,995 --> 00:46:03,535
and it builds up a view of all this, the

1259
00:46:03,535 --> 00:46:06,145
bidding and uh, uh, registering activity

1260
00:46:06,145 --> 00:46:08,395
that's occurred since inception on the

1261
00:46:08,395 --> 00:46:10,675
Bitcoin main blockchain till today.

1262
00:46:11,305 --> 00:46:12,685
And because it does that, then

1263
00:46:12,685 --> 00:46:14,605
it knows, has a complete picture

1264
00:46:14,605 --> 00:46:16,225
of all the name activity and

1265
00:46:16,225 --> 00:46:17,575
bidding activity that's occurred.

1266
00:46:18,295 --> 00:46:22,015
So if you run that, then once it's done

1267
00:46:22,015 --> 00:46:24,205
synchronizing, then you use the command

1268
00:46:24,205 --> 00:46:28,195
line tool to create a wallet, which is,

1269
00:46:28,235 --> 00:46:31,265
effectively a taproot based wallet, uh,

1270
00:46:31,295 --> 00:46:33,155
because we're talking inscriptions here.

1271
00:46:33,535 --> 00:46:35,485
and you could then fund that

1272
00:46:35,485 --> 00:46:36,250
wallet with some bitcoin.

1273
00:46:37,180 --> 00:46:38,890
And once that's available, then

1274
00:46:38,920 --> 00:46:40,320
you can then, interact with the

1275
00:46:40,320 --> 00:46:42,390
command line to issue commands.

1276
00:46:42,420 --> 00:46:44,760
If you want a name that has, that, no

1277
00:46:44,760 --> 00:46:47,280
one has decided to even start bidding

1278
00:46:47,280 --> 00:46:49,620
on, you can say Open, there's a command

1279
00:46:49,620 --> 00:46:51,540
that says, open this name, and you give

1280
00:46:51,540 --> 00:46:54,560
it an initial Bitcoin bid, in, in SATs.

1281
00:46:54,920 --> 00:46:55,910
And it's recommended use

1282
00:46:55,910 --> 00:46:57,380
about a thousand SATs.

1283
00:46:57,470 --> 00:46:58,850
So what's a a thousand SATs?

1284
00:46:58,850 --> 00:46:59,270
A buck.

1285
00:47:00,260 --> 00:47:01,760
So if you're interested to

1286
00:47:01,760 --> 00:47:03,830
start, you, you say start with

1287
00:47:03,830 --> 00:47:05,900
a buck, and then what happens?

1288
00:47:05,930 --> 00:47:09,467
So you get into this, this, this cycle

1289
00:47:09,467 --> 00:47:13,157
here where you, introduce a name and

1290
00:47:13,157 --> 00:47:14,987
it goes into this pre auction pool.

1291
00:47:16,547 --> 00:47:18,917
So even though it's in the system,

1292
00:47:19,337 --> 00:47:21,737
you can't actively bid on it yet

1293
00:47:22,157 --> 00:47:24,797
every day, 10 of the highest.

1294
00:47:24,842 --> 00:47:28,472
Uh, valued bidded names that's

1295
00:47:28,472 --> 00:47:30,512
in this pool get released

1296
00:47:30,512 --> 00:47:32,372
into the active auction phase.

1297
00:47:32,522 --> 00:47:33,002
Okay?

1298
00:47:33,662 --> 00:47:35,552
So you can't just like start the

1299
00:47:35,552 --> 00:47:38,312
system up and then like, use some big

1300
00:47:38,312 --> 00:47:40,652
long list of highly desirable names.

1301
00:47:40,652 --> 00:47:44,462
Coca-Cola, you know, BMW, uh, you

1302
00:47:44,462 --> 00:47:47,132
know, MicroStrategy, you know, US

1303
00:47:47,132 --> 00:47:48,842
government, whatever, you know,

1304
00:47:48,902 --> 00:47:50,792
think of all the names that you, that

1305
00:47:50,792 --> 00:47:52,592
you think, oh, you know, all these

1306
00:47:52,592 --> 00:47:53,912
things are gonna be highly desired

1307
00:47:53,912 --> 00:47:55,472
and I'll get rich by reselling them.

1308
00:47:56,552 --> 00:47:57,542
And there is a, there is an

1309
00:47:57,542 --> 00:48:00,095
aftermarket, so you couldn't do that.

1310
00:48:00,155 --> 00:48:01,685
It's like, it's designed to kind of

1311
00:48:01,685 --> 00:48:05,315
throttle the releasing of kind of intended

1312
00:48:05,315 --> 00:48:07,895
names into an active auction process.

1313
00:48:08,315 --> 00:48:10,325
So the top 10 every day get

1314
00:48:10,325 --> 00:48:12,575
released into the, the next phase.

1315
00:48:12,905 --> 00:48:14,255
So when it's in this, uh,

1316
00:48:14,255 --> 00:48:15,635
the second auction phase.

1317
00:48:15,995 --> 00:48:18,545
Then there's a 10 day period where

1318
00:48:18,545 --> 00:48:20,465
active auctioning can happen,

1319
00:48:20,465 --> 00:48:21,935
or active bidding can happen.

1320
00:48:22,175 --> 00:48:24,665
So we can, we can go and I'll look

1321
00:48:24,665 --> 00:48:25,895
at, we'll look at the explorer

1322
00:48:25,895 --> 00:48:27,635
here in a second, but let me just

1323
00:48:27,635 --> 00:48:28,955
explain it first so we can kind of

1324
00:48:28,955 --> 00:48:30,455
understand what we're looking at.

1325
00:48:31,235 --> 00:48:33,965
So during that 10 days, everybody

1326
00:48:33,965 --> 00:48:35,735
can see that a particular names

1327
00:48:35,735 --> 00:48:37,895
of is actively being auctioned.

1328
00:48:38,705 --> 00:48:39,755
So if you're the highest

1329
00:48:39,755 --> 00:48:41,855
bidder, good for you.

1330
00:48:42,455 --> 00:48:45,605
You know, hopefully nobody like outbids

1331
00:48:45,605 --> 00:48:47,135
you, but if somebody else sees the

1332
00:48:47,135 --> 00:48:48,755
name that you're kind of interested

1333
00:48:48,755 --> 00:48:51,905
in and they create a higher bid, their

1334
00:48:51,905 --> 00:48:56,825
transaction refunds your bid to you,

1335
00:48:57,155 --> 00:48:58,775
and that becomes the highest bid.

1336
00:48:59,135 --> 00:49:02,015
So every time you bid, the amount

1337
00:49:02,015 --> 00:49:04,745
that you're bidding is actually.

1338
00:49:05,180 --> 00:49:08,210
Not spent by, well, it's spent initially,

1339
00:49:08,210 --> 00:49:10,880
but if you get outbid, you don't lose it.

1340
00:49:11,150 --> 00:49:13,067
It gets returned to you, short

1341
00:49:13,067 --> 00:49:14,777
of course, the transaction fees

1342
00:49:14,777 --> 00:49:15,828
for the Bitcoin blockchain.

1343
00:49:16,193 --> 00:49:18,383
this can go on and on for day, for

1344
00:49:18,413 --> 00:49:19,673
during the whole 10 day period.

1345
00:49:19,673 --> 00:49:21,218
You know, somebody likes

1346
00:49:21,218 --> 00:49:22,193
that name, they outbid you.

1347
00:49:22,193 --> 00:49:23,243
You're like, well, hell,

1348
00:49:23,248 --> 00:49:24,173
I, I want that name.

1349
00:49:24,173 --> 00:49:25,553
So you bid a little higher,

1350
00:49:25,883 --> 00:49:27,563
they about you, you bid.

1351
00:49:27,683 --> 00:49:29,153
It could be other people who knows.

1352
00:49:29,530 --> 00:49:33,370
this continues for 10 days and at

1353
00:49:33,370 --> 00:49:35,200
the end of 10 day, the 10th day.

1354
00:49:36,285 --> 00:49:38,592
you, it has to be, the highest bid

1355
00:49:38,592 --> 00:49:41,322
has to be unchallenged for a solid day

1356
00:49:41,472 --> 00:49:44,112
before it goes into the next phase.

1357
00:49:44,652 --> 00:49:46,482
So on the 10th day.

1358
00:49:46,902 --> 00:49:48,402
So there's been a lot of opportunity

1359
00:49:48,402 --> 00:49:49,632
for people to see what's going

1360
00:49:49,632 --> 00:49:51,162
on to express their interest

1361
00:49:51,162 --> 00:49:53,292
by, by bidding on it, right?

1362
00:49:53,682 --> 00:49:56,352
And, uh, if you are the highest bidder

1363
00:49:56,352 --> 00:49:58,842
after 10 days worth of bidding and no

1364
00:49:58,842 --> 00:50:00,582
one else is willing to bid higher than

1365
00:50:00,582 --> 00:50:04,242
you, then that, uh, after that 10th

1366
00:50:04,242 --> 00:50:07,212
day it goes into the claim, uh, mode.

1367
00:50:07,842 --> 00:50:11,232
At which point, so, so you might ask like,

1368
00:50:11,502 --> 00:50:13,992
well, what happens on the 10th day if

1369
00:50:13,992 --> 00:50:17,172
somebody outbids me from the 10th day on?

1370
00:50:17,172 --> 00:50:19,362
Anytime you're outbid, not only

1371
00:50:19,362 --> 00:50:21,372
do you become, does the, that bid

1372
00:50:21,372 --> 00:50:22,812
become the highest bid, it also

1373
00:50:22,812 --> 00:50:24,942
extends the deadline for another day.

1374
00:50:25,662 --> 00:50:28,917
So I. It's not like on eBay where

1375
00:50:28,917 --> 00:50:30,297
you used to go and sit there and

1376
00:50:30,297 --> 00:50:31,827
wait for the auction to expire.

1377
00:50:31,827 --> 00:50:33,567
Like, I'm gonna like jump in and

1378
00:50:33,567 --> 00:50:36,447
snipe this thing at the last second.

1379
00:50:36,717 --> 00:50:38,547
And then you sit in there like waiting

1380
00:50:38,547 --> 00:50:41,277
and like, like 1230 at night trying

1381
00:50:41,277 --> 00:50:42,777
to like get that eBay thing and you're

1382
00:50:42,777 --> 00:50:44,217
like, oh, I gotta get that last bid.

1383
00:50:44,217 --> 00:50:44,817
I'm gonna get it.

1384
00:50:45,057 --> 00:50:46,857
And then somebody like, overbid you.

1385
00:50:46,857 --> 00:50:47,937
It's like, oh, auction closed.

1386
00:50:48,207 --> 00:50:49,917
It's like, you can't do that.

1387
00:50:49,917 --> 00:50:53,997
Every, every higher bid in the last day

1388
00:50:54,027 --> 00:50:56,367
always extends the bidding timeframe.

1389
00:50:56,367 --> 00:50:57,747
Deadline another day.

1390
00:50:58,107 --> 00:50:59,757
So you can keep doing this, you

1391
00:50:59,757 --> 00:51:01,557
can keep going back and forth.

1392
00:51:02,067 --> 00:51:03,267
You and somebody else that really

1393
00:51:03,267 --> 00:51:05,457
wants this name, bidding it up.

1394
00:51:05,487 --> 00:51:06,927
But it, every time somebody bids it

1395
00:51:06,927 --> 00:51:08,757
up, it gives the other person, or, or I

1396
00:51:08,757 --> 00:51:11,427
should say any other interested party, an

1397
00:51:11,427 --> 00:51:14,287
opportunity to come in and, bid higher.

1398
00:51:14,287 --> 00:51:18,247
So by, yeah, it's Could be indefinite.

1399
00:51:19,537 --> 00:51:19,927
Go ahead.

1400
00:51:19,927 --> 00:51:20,467
Question.

1401
00:51:23,617 --> 00:51:26,137
It's just, uh, it's like basically fit

1402
00:51:26,137 --> 00:51:28,027
all of the s They don't once ever get

1403
00:51:28,027 --> 00:51:30,802
auction, just do this yourself and never

1404
00:51:30,822 --> 00:51:34,657
get, you plug your Bitcoin to do it, but

1405
00:51:34,657 --> 00:51:36,397
these transactions are getting some more.

1406
00:51:36,397 --> 00:51:37,117
They, yeah.

1407
00:51:37,447 --> 00:51:37,507
Okay.

1408
00:51:37,507 --> 00:51:39,322
So you're burning Bitcoin never bid.

1409
00:51:39,542 --> 00:51:39,762
Yes.

1410
00:51:40,302 --> 00:51:42,042
But bid, yes.

1411
00:51:42,367 --> 00:51:43,562
Specify Bitcoin.

1412
00:51:43,712 --> 00:51:44,242
Well, okay.

1413
00:51:44,552 --> 00:51:44,842
Okay.

1414
00:51:45,022 --> 00:51:46,207
No, no, no, no, no, no, no.

1415
00:51:46,207 --> 00:51:46,657
I'm sorry.

1416
00:51:46,657 --> 00:51:47,377
I, I misspoke.

1417
00:51:47,407 --> 00:51:48,787
You said, are you burning Bitcoin

1418
00:51:48,787 --> 00:51:50,197
in every bid and that's, no.

1419
00:51:50,497 --> 00:51:51,997
You're spending Bitcoin in every

1420
00:51:51,997 --> 00:51:54,157
bid and you're spending the

1421
00:51:54,157 --> 00:51:56,167
transaction fee to place the bid.

1422
00:51:58,807 --> 00:52:01,897
So the bid is held in the UTXO

1423
00:52:01,897 --> 00:52:04,267
set that the protocol knows about.

1424
00:52:04,627 --> 00:52:05,107
Okay.

1425
00:52:05,617 --> 00:52:07,717
And I'll get to the other

1426
00:52:07,717 --> 00:52:09,337
registration point, and that's

1427
00:52:09,487 --> 00:52:10,687
answers your question, I think.

1428
00:52:15,097 --> 00:52:16,267
Where is the money going?

1429
00:52:17,207 --> 00:52:20,267
it's in your wa it's basically.

1430
00:52:20,822 --> 00:52:22,562
In the wallet that you're

1431
00:52:22,562 --> 00:52:24,212
using to place the bidding?

1432
00:52:24,332 --> 00:52:24,962
I think it means when

1433
00:52:24,962 --> 00:52:26,217
you went, when you win,

1434
00:52:29,447 --> 00:52:31,377
goes on, when I placed the bid, like

1435
00:52:31,417 --> 00:52:35,822
I I up the SP, um, and then it, I

1436
00:52:36,542 --> 00:52:39,817
like an higher amount of Bitcoin.

1437
00:52:39,817 --> 00:52:39,818
Right.

1438
00:52:40,472 --> 00:52:43,832
And part of that, part of the, the

1439
00:52:43,832 --> 00:52:47,132
transaction also at the same time,

1440
00:52:47,132 --> 00:52:49,952
you're, you're bidding the higher bid.

1441
00:52:50,042 --> 00:52:52,352
It's also another output.

1442
00:52:52,352 --> 00:52:54,302
Is refunding the person you overbid

1443
00:52:55,682 --> 00:52:57,602
at the same, in the same transaction?

1444
00:52:59,372 --> 00:52:59,882
Yes.

1445
00:53:02,732 --> 00:53:03,152
Right.

1446
00:53:03,392 --> 00:53:04,292
One of the outputs.

1447
00:53:04,292 --> 00:53:05,852
So when you make, so, so say

1448
00:53:05,852 --> 00:53:08,248
something's at, 6,000 SATs.

1449
00:53:08,818 --> 00:53:11,248
Then you say, so I bid 6,000 SATs.

1450
00:53:11,428 --> 00:53:13,528
You bid 7,000 SATs.

1451
00:53:13,618 --> 00:53:15,838
Okay, so 7,000 SATs comes

1452
00:53:15,838 --> 00:53:18,358
outta your wallet, right?

1453
00:53:18,598 --> 00:53:20,578
But the transaction is composed such

1454
00:53:20,578 --> 00:53:23,398
that when that transaction goes on

1455
00:53:23,398 --> 00:53:26,908
chain, it pays me the 6,000 back.

1456
00:53:27,268 --> 00:53:30,148
And, uh, and then now you're

1457
00:53:30,148 --> 00:53:31,528
deemed the highest bidder.

1458
00:53:33,748 --> 00:53:35,158
That's not a, well, it, it

1459
00:53:35,158 --> 00:53:36,688
can, it, it functions like, it

1460
00:53:36,688 --> 00:53:38,008
kind of functions like a mixer.

1461
00:53:38,818 --> 00:53:40,378
So if you wanna use it as a, as

1462
00:53:40,378 --> 00:53:42,118
a mixer, functionality, you, you

1463
00:53:42,118 --> 00:53:48,658
could All right, say 6,000 sets won.

1464
00:53:48,868 --> 00:53:49,378
Yeah.

1465
00:53:49,468 --> 00:53:50,308
So your money goes in

1466
00:53:52,438 --> 00:53:52,528
that.

1467
00:53:52,588 --> 00:53:54,238
All right, so you did miss that,

1468
00:53:54,238 --> 00:53:55,198
'cause I hadn't gotten to that yet.

1469
00:53:56,248 --> 00:53:56,548
All right.

1470
00:53:56,548 --> 00:53:59,248
So, um, let's just say for,

1471
00:53:59,428 --> 00:54:00,778
for the sake of argument that.

1472
00:54:01,123 --> 00:54:03,193
Alex has he bid 7,000?

1473
00:54:03,193 --> 00:54:05,143
I'm like, man, that's too much for me.

1474
00:54:05,203 --> 00:54:06,433
I don't want to bid anymore.

1475
00:54:06,643 --> 00:54:08,263
And it sits there for a day.

1476
00:54:08,413 --> 00:54:10,183
No one else outbids, Alex.

1477
00:54:10,813 --> 00:54:13,213
So the next, from that time, he put

1478
00:54:13,213 --> 00:54:15,553
that highest bid in to one exactly.

1479
00:54:15,553 --> 00:54:17,833
One day later, if no one else has

1480
00:54:17,833 --> 00:54:19,843
outbid and, and further extended the

1481
00:54:19,843 --> 00:54:22,993
deadline, then it moves into this

1482
00:54:22,993 --> 00:54:24,583
next state, which is the claim state.

1483
00:54:24,943 --> 00:54:27,493
Now, at that point, it's up to Alex

1484
00:54:27,883 --> 00:54:30,673
to then do another command to actually

1485
00:54:30,673 --> 00:54:34,243
finalize Reg, put it in a, the name

1486
00:54:34,243 --> 00:54:37,003
in a registered state, and then

1487
00:54:37,063 --> 00:54:40,243
effectively burn the highest bid to,

1488
00:54:40,273 --> 00:54:43,063
I think, announced of the transaction.

1489
00:54:43,063 --> 00:54:44,773
It doesn't go to some central,

1490
00:54:44,893 --> 00:54:45,823
from what I understand.

1491
00:54:45,823 --> 00:54:46,573
This is what I've been told.

1492
00:54:46,573 --> 00:54:47,533
I haven't looked into the code

1493
00:54:47,533 --> 00:54:49,123
to like verify it myself, but

1494
00:54:49,123 --> 00:54:50,593
the code is open source, so you

1495
00:54:50,593 --> 00:54:54,193
could, but it gets effectively.

1496
00:54:55,333 --> 00:54:56,533
Sent to the output that

1497
00:54:56,773 --> 00:54:58,123
makes it no longer spendable.

1498
00:54:58,123 --> 00:54:59,053
Is it a nons output?

1499
00:54:59,083 --> 00:54:59,383
What?

1500
00:54:59,443 --> 00:55:00,493
There's a, there's a, I can't

1501
00:55:00,493 --> 00:55:01,213
remember what it's called.

1502
00:55:01,933 --> 00:55:04,543
Was it, uh, yeah, it, it

1503
00:55:04,543 --> 00:55:05,683
sends it to up returns.

1504
00:55:05,683 --> 00:55:07,843
So it doesn't, it can't be, it doesn't

1505
00:55:07,843 --> 00:55:11,323
accumulate in some mystical like person's.

1506
00:55:12,013 --> 00:55:12,253
So minors get it.

1507
00:55:12,703 --> 00:55:12,943
No.

1508
00:55:12,973 --> 00:55:14,653
Well, minors always get the fees.

1509
00:55:14,688 --> 00:55:16,933
Yeah, but, but nobody gets

1510
00:55:16,933 --> 00:55:18,733
the, the, the winning bids.

1511
00:55:18,853 --> 00:55:19,093
No.

1512
00:55:19,363 --> 00:55:22,123
So effectively winning bids in

1513
00:55:22,123 --> 00:55:24,133
this naming system makes everybody

1514
00:55:24,133 --> 00:55:25,783
else's Bitcoin more valuable.

1515
00:55:25,998 --> 00:55:27,258
So they get burned because

1516
00:55:27,258 --> 00:55:28,183
they are being burned.

1517
00:55:28,483 --> 00:55:28,658
But it's

1518
00:55:30,973 --> 00:55:31,498
the opportunities, the difference

1519
00:55:31,498 --> 00:55:33,553
between, difference between the previous

1520
00:55:33,613 --> 00:55:35,983
bid and the winning bid, because most

1521
00:55:35,983 --> 00:55:37,873
of the bid went to the previous bidder.

1522
00:55:38,173 --> 00:55:40,543
Well, most of the bid, like when you're

1523
00:55:40,543 --> 00:55:42,973
outbidding someone, most of the bid

1524
00:55:42,973 --> 00:55:44,593
gets returned to the previous bidder.

1525
00:55:44,593 --> 00:55:45,163
Right.

1526
00:55:45,523 --> 00:55:47,383
But when you register it,

1527
00:55:47,383 --> 00:55:48,793
it's a different transaction.

1528
00:55:48,793 --> 00:55:50,113
And this case then.

1529
00:55:50,563 --> 00:55:52,303
The full amount of the highest

1530
00:55:52,303 --> 00:55:54,613
bid goes to the opera return,

1531
00:55:54,613 --> 00:55:56,653
so it can't be spent anymore.

1532
00:55:56,893 --> 00:55:59,623
And then the data of that, you are

1533
00:55:59,623 --> 00:56:02,923
the owner of this name is inscribed on

1534
00:56:02,923 --> 00:56:06,440
that, on that, inscription question.

1535
00:56:08,900 --> 00:56:12,950
Okay, so we learned like this record

1536
00:56:12,950 --> 00:56:15,650
of ownership, like yes, it's, you

1537
00:56:15,650 --> 00:56:19,160
know, the blockchain record, but if

1538
00:56:19,160 --> 00:56:21,260
no one had, like, if, if we don't

1539
00:56:21,260 --> 00:56:23,600
have enough r title knows that

1540
00:56:23,600 --> 00:56:26,600
keeps that data, how will we know?

1541
00:56:27,050 --> 00:56:29,000
And then how are we incentivizing

1542
00:56:29,000 --> 00:56:30,740
people to keep that data around

1543
00:56:30,920 --> 00:56:32,930
if we're effectively burning money

1544
00:56:33,230 --> 00:56:34,730
every time we want to bid it?

1545
00:56:35,300 --> 00:56:36,621
It's on the Bitcoin blockchain.

1546
00:56:36,626 --> 00:56:40,190
It's there, it's, it's never going away.

1547
00:56:43,580 --> 00:56:45,950
Domain meaning use that.

1548
00:56:49,130 --> 00:56:50,540
I, I think what's concerned is

1549
00:56:50,540 --> 00:56:52,130
it's an op, returns are prune.

1550
00:56:52,940 --> 00:56:55,310
Um, and so like if, uh, in a

1551
00:56:55,310 --> 00:56:57,590
hypothetical scenario where election

1552
00:56:57,590 --> 00:56:59,540
those, like every, every known on

1553
00:56:59,540 --> 00:57:03,140
the planet became pruned, I guess

1554
00:57:03,140 --> 00:57:05,450
that's, that, that would be a problem.

1555
00:57:05,660 --> 00:57:08,210
But well at least pruned from the point

1556
00:57:08,210 --> 00:57:10,160
of when this was first launched, the

1557
00:57:10,160 --> 00:57:11,720
block height that it, which was launched.

1558
00:57:12,170 --> 00:57:13,970
So, um, yeah.

1559
00:57:13,970 --> 00:57:15,380
But wouldn't there be a lot of other

1560
00:57:15,380 --> 00:57:17,000
problems too, if that happened?

1561
00:57:17,660 --> 00:57:20,030
Like there'd be major problems like that

1562
00:57:20,030 --> 00:57:21,560
you're basically wiped out the record

1563
00:57:21,560 --> 00:57:23,450
of the blockchain into old history.

1564
00:57:23,450 --> 00:57:24,980
The thing, I'll give you

1565
00:57:24,980 --> 00:57:26,360
just one moment to this.

1566
00:57:26,390 --> 00:57:26,810
Yeah.

1567
00:57:30,050 --> 00:57:31,040
So long as we have one,

1568
00:57:31,375 --> 00:57:32,575
everybody say fine.

1569
00:57:33,380 --> 00:57:33,770
Okay.

1570
00:57:34,640 --> 00:57:35,660
That's a good question Because I

1571
00:57:35,660 --> 00:57:38,540
mean, this, this is, you know, not,

1572
00:57:39,290 --> 00:57:41,270
it's, it's kind of hard to understand.

1573
00:57:41,810 --> 00:57:42,230
Um.

1574
00:57:44,870 --> 00:57:48,050
Opposing sta and supposing you were

1575
00:57:48,055 --> 00:57:49,850
a business that had an identity

1576
00:57:49,850 --> 00:57:52,430
on sta that would incentivize your

1577
00:57:52,430 --> 00:57:54,560
business to run a Google note.

1578
00:57:54,560 --> 00:57:55,070
Mm-hmm.

1579
00:57:55,310 --> 00:57:57,705
To make sure you have this nurse.

1580
00:57:58,160 --> 00:57:58,340
Okay.

1581
00:57:58,490 --> 00:57:59,690
If you own a space, you're

1582
00:57:59,690 --> 00:58:01,865
incentivized to run a pool note.

1583
00:58:04,065 --> 00:58:04,355
Okay.

1584
00:58:04,370 --> 00:58:05,150
That makes sense actually.

1585
00:58:06,620 --> 00:58:11,600
So, um, so once Alex is like, is is 7,000

1586
00:58:11,600 --> 00:58:14,000
SATs are, are burned forever, but he's

1587
00:58:14,000 --> 00:58:16,340
got the space, he won the auction, he's

1588
00:58:16,340 --> 00:58:18,230
registered, it is now part of system.

1589
00:58:18,530 --> 00:58:21,620
He can, like, people can send him Bitcoin

1590
00:58:21,620 --> 00:58:24,350
to the at, at Alex name or whatever.

1591
00:58:24,537 --> 00:58:26,367
is that it, Gina?

1592
00:58:26,367 --> 00:58:26,637
Go ahead.

1593
00:58:28,017 --> 00:58:28,557
Possession.

1594
00:58:29,847 --> 00:58:32,727
It's, it's, this is all written on the

1595
00:58:32,727 --> 00:58:35,817
Bitcoin in the outputs of the transaction.

1596
00:58:35,817 --> 00:58:37,407
So it's, it's.

1597
00:58:38,787 --> 00:58:39,137
There.

1598
00:58:39,582 --> 00:58:42,162
Well, and he, and it's the, the key that

1599
00:58:42,192 --> 00:58:44,862
that signs, that transaction is his key.

1600
00:58:45,402 --> 00:58:48,192
So he, from his wallet, so he's, I

1601
00:58:48,192 --> 00:58:49,542
mean, if he gives his private key to

1602
00:58:49,542 --> 00:58:52,392
someone else, then yeah, he's given away

1603
00:58:52,392 --> 00:58:54,552
that, that property to someone else.

1604
00:58:54,822 --> 00:58:56,652
Now there is a transfer, uh, an

1605
00:58:56,802 --> 00:58:59,322
actual, like overt transfer mechanism

1606
00:58:59,592 --> 00:59:01,092
that's possible where you don't give

1607
00:59:01,092 --> 00:59:03,612
up your key in order to transfer the

1608
00:59:03,612 --> 00:59:05,802
ownership of a name to another entity.

1609
00:59:06,042 --> 00:59:07,332
But that's kind of a

1610
00:59:07,392 --> 00:59:09,492
secondary like, uh, action.

1611
00:59:09,872 --> 00:59:11,252
the thing that, the next thing to think

1612
00:59:11,252 --> 00:59:15,392
about is that, okay, so, so let's just say

1613
00:59:15,445 --> 00:59:20,935
Alex uh, got Coca-Cola and then he, he,

1614
00:59:20,965 --> 00:59:23,845
he was the rightful winner and Coca-Cola

1615
00:59:23,845 --> 00:59:25,435
really wanted it, and he wasn't willing

1616
00:59:25,435 --> 00:59:27,895
to sell and he didn't do anything with it.

1617
00:59:28,165 --> 00:59:29,515
And then he got hit by a truck.

1618
00:59:29,935 --> 00:59:32,065
It's like, does that name,

1619
00:59:32,095 --> 00:59:33,895
is it like tied up forever?

1620
00:59:34,630 --> 00:59:37,600
And the answer is not exactly.

1621
00:59:37,660 --> 00:59:41,230
If nothing happens in re in relation

1622
00:59:41,230 --> 00:59:43,870
to that name for a year after it's been

1623
00:59:43,870 --> 00:59:48,220
registered, then it can re-enter the

1624
00:59:48,220 --> 00:59:50,800
available for pre auction phase again.

1625
00:59:50,800 --> 00:59:53,410
So this arrow can exist.

1626
00:59:54,640 --> 00:59:57,250
So what this does is it prevents

1627
00:59:57,250 --> 00:59:59,410
people from like buying up a bunch

1628
00:59:59,410 --> 01:00:01,270
of stuff, sitting on it, squatting

1629
01:00:01,270 --> 01:00:03,460
on it, and not doing anything with

1630
01:00:03,460 --> 01:00:05,890
it for long period of time and,

1631
01:00:06,490 --> 01:00:08,080
and it's just like never available

1632
01:00:08,080 --> 01:00:10,060
for anyone from that point forward.

1633
01:00:11,805 --> 01:00:12,155
Cheap.

1634
01:00:14,170 --> 01:00:14,860
What, say it again.

1635
01:00:14,920 --> 01:00:16,675
S cheap s achievement.

1636
01:00:17,345 --> 01:00:19,990
It's like you, if you have a bank right,

1637
01:00:20,080 --> 01:00:23,560
you don't lose back 10 years, the state

1638
01:00:23,980 --> 01:00:28,510
will execute as cheap ass cheap and Right.

1639
01:00:28,540 --> 01:00:30,905
Take ownership of the funds and that.

1640
01:00:31,600 --> 01:00:33,520
Right, but what counts is doing something.

1641
01:00:33,615 --> 01:00:34,375
I mean, isn't it very

1642
01:00:34,375 --> 01:00:35,215
simple to do something?

1643
01:00:35,320 --> 01:00:36,280
Yes, it is.

1644
01:00:36,400 --> 01:00:36,820
Okay.

1645
01:00:36,820 --> 01:00:37,960
So that's the other part

1646
01:00:37,960 --> 01:00:38,950
that I hadn't gotten to yet.

1647
01:00:38,950 --> 01:00:40,030
So the question was what is,

1648
01:00:40,030 --> 01:00:41,710
what constitutes doing something?

1649
01:00:42,040 --> 01:00:46,030
So, uh, any, any transaction involving

1650
01:00:46,030 --> 01:00:49,240
this hence forth automatically puts

1651
01:00:49,240 --> 01:00:51,160
a new year, expiration date on it.

1652
01:00:51,550 --> 01:00:53,500
So all you have to do is tickle it

1653
01:00:53,620 --> 01:00:56,200
once a year and you'll forever have it.

1654
01:00:56,590 --> 01:00:58,180
So what is tickle it?

1655
01:00:58,180 --> 01:00:58,600
I don't know.

1656
01:00:58,600 --> 01:01:00,160
It's, you know, doing something with it.

1657
01:01:00,160 --> 01:01:04,450
But anyway, uh, it's, it like, I think

1658
01:01:04,450 --> 01:01:07,660
at most that means like you would

1659
01:01:07,660 --> 01:01:10,510
have to pay some minor transaction

1660
01:01:10,510 --> 01:01:12,550
fee just to kind of keep it alive.

1661
01:01:12,940 --> 01:01:15,100
Now you might say, well, that fees can

1662
01:01:15,100 --> 01:01:16,930
go up and the price of Bitcoin can go up.

1663
01:01:16,930 --> 01:01:18,940
And maybe that means it's, it would

1664
01:01:18,940 --> 01:01:20,440
get more and more expensive over

1665
01:01:20,440 --> 01:01:22,990
time to just hold on to these names.

1666
01:01:23,920 --> 01:01:24,730
Yeah, that's true.

1667
01:01:24,760 --> 01:01:26,710
I mean, it's a, it's a trade off decision.

1668
01:01:26,980 --> 01:01:28,690
So, so anyway, that's

1669
01:01:28,690 --> 01:01:30,010
kind of the lifecycle.

1670
01:01:30,460 --> 01:01:32,860
Of names at top level names question.

1671
01:01:36,235 --> 01:01:37,930
That worries me because that, that

1672
01:01:37,930 --> 01:01:40,510
feels like the scenario where you buy

1673
01:01:40,510 --> 01:01:43,390
your home and then property taxes go

1674
01:01:43,390 --> 01:01:46,420
up so high that now you can't afford

1675
01:01:46,420 --> 01:01:47,680
the property taxes and then you

1676
01:01:47,680 --> 01:01:48,970
basically have to give up your own.

1677
01:01:49,665 --> 01:01:53,873
But, so what's, what's a transaction

1678
01:01:53,873 --> 01:01:56,543
fee for like a simple transaction?

1679
01:01:56,543 --> 01:01:59,183
Like when you're talking what, right

1680
01:01:59,183 --> 01:02:01,973
now it's uh, what, three V bytes per se?

1681
01:02:02,003 --> 01:02:05,363
For v Vsat Per byte?

1682
01:02:06,263 --> 01:02:07,673
Yeah, like three to five right

1683
01:02:07,673 --> 01:02:09,143
now I've seen it size, what?

1684
01:02:09,143 --> 01:02:09,863
A couple hundred.

1685
01:02:10,523 --> 01:02:12,203
But I think one transaction,

1686
01:02:12,893 --> 01:02:16,673
you know, maybe, maybe it's

1687
01:02:16,733 --> 01:02:19,523
10 bucks worth of, of thing.

1688
01:02:19,733 --> 01:02:22,973
I mean, I spend, I. Easily 20 bucks

1689
01:02:23,033 --> 01:02:24,683
a year for every domain that I've

1690
01:02:24,683 --> 01:02:27,718
never even used to keep it registered.

1691
01:02:28,738 --> 01:02:28,958
So

1692
01:02:32,108 --> 01:02:36,533
open PP certificates on the one block.

1693
01:02:38,273 --> 01:02:40,258
And then if I wanna make change you

1694
01:02:40,278 --> 01:02:43,133
remote keys or updated keys, uh, I

1695
01:02:43,133 --> 01:02:45,378
think we do a link list on blockchain.

1696
01:02:45,958 --> 01:02:47,423
The link list would be a future

1697
01:02:47,423 --> 01:02:50,183
patch address or a future address of

1698
01:02:50,183 --> 01:02:51,498
which I would've the private keys.

1699
01:02:52,038 --> 01:02:54,258
And if there's an action on that address,

1700
01:02:55,823 --> 01:02:57,018
then I know I'm updating the keys.

1701
01:02:58,613 --> 01:03:01,403
Yeah, I I'm not, uh, I'm

1702
01:03:01,403 --> 01:03:02,603
not completely clear.

1703
01:03:04,973 --> 01:03:06,113
You don't have to pay all the

1704
01:03:06,173 --> 01:03:08,783
periodic fees other than fee when,

1705
01:03:10,973 --> 01:03:11,363
right.

1706
01:03:11,413 --> 01:03:12,673
I can see how that can work.

1707
01:03:12,673 --> 01:03:16,663
This has an implicit like year long timer.

1708
01:03:17,188 --> 01:03:18,628
On, on each action.

1709
01:03:18,868 --> 01:03:19,288
Steven?

1710
01:03:19,558 --> 01:03:20,758
Uh, I just want say we

1711
01:03:20,758 --> 01:03:22,228
got about 15 minutes left.

1712
01:03:22,318 --> 01:03:22,798
Oh, serious.

1713
01:03:25,858 --> 01:03:26,188
QA.

1714
01:03:26,848 --> 01:03:27,778
That's up to you.

1715
01:03:27,838 --> 01:03:29,818
Well, so if there's a destination

1716
01:03:29,938 --> 01:03:31,828
you'd like to get to, it might be good.

1717
01:03:31,888 --> 01:03:32,668
Just the cloud.

1718
01:03:34,018 --> 01:03:35,698
It's all Let's, uh,

1719
01:03:38,578 --> 01:03:41,008
uh, let, yeah, I'll get, let, I'll, I'll,

1720
01:03:43,393 --> 01:03:45,238
he wants to take us by

1721
01:03:45,243 --> 01:03:45,655
the end of the evening.

1722
01:03:47,158 --> 01:03:47,548
Yeah.

1723
01:03:47,548 --> 01:03:49,678
I, I think, uh, the, this, the whole

1724
01:03:49,678 --> 01:03:52,948
auction phase is kind of awkward and new

1725
01:03:52,948 --> 01:03:55,768
to this idea, so I, I wanted to give it

1726
01:03:55,768 --> 01:03:58,138
some time, but I, there's really not much

1727
01:03:58,138 --> 01:03:59,878
more to say about the auction process.

1728
01:04:00,088 --> 01:04:01,198
That's, that's it.

1729
01:04:01,798 --> 01:04:03,940
So, and all the questions that you

1730
01:04:03,940 --> 01:04:05,860
gave about the auction are very valid.

1731
01:04:06,070 --> 01:04:07,810
The, again, think about it, the intent

1732
01:04:07,810 --> 01:04:09,850
is like, let's make a system that's fair

1733
01:04:10,210 --> 01:04:12,070
such that people have a real opportunity

1734
01:04:12,070 --> 01:04:14,260
to like bid on these things and have a

1735
01:04:14,260 --> 01:04:16,510
real chance to get them, you know, if it's

1736
01:04:16,510 --> 01:04:20,050
a high value name, if it's Nike, I don't

1737
01:04:20,050 --> 01:04:22,350
know if Nike's taken or not, then, and

1738
01:04:22,350 --> 01:04:24,660
Nike really wants it, then Nike's gonna

1739
01:04:25,230 --> 01:04:28,350
pay what they feel it's worth, you know?

1740
01:04:28,800 --> 01:04:31,650
And uh, and uh, you know, if somebody

1741
01:04:31,650 --> 01:04:34,590
else wants it better because they

1742
01:04:34,650 --> 01:04:37,590
think that the Nike God is like their

1743
01:04:37,590 --> 01:04:39,600
favorite token or something, you know,

1744
01:04:39,930 --> 01:04:42,570
from Greek mythology, then, then maybe

1745
01:04:42,570 --> 01:04:44,250
they'll outbid the Nike Corporation.

1746
01:04:44,310 --> 01:04:45,780
You know, it's like, it's

1747
01:04:45,780 --> 01:04:46,890
really up to the market.

1748
01:04:46,890 --> 01:04:49,050
It's trying to put a free market spin

1749
01:04:49,050 --> 01:04:53,010
on this resource of the namespace.

1750
01:04:53,613 --> 01:04:55,353
so this section talks about,

1751
01:04:55,503 --> 01:04:57,243
uh, where do the auctions go?

1752
01:04:57,453 --> 01:04:59,343
Alle proceeds are burned.

1753
01:04:59,613 --> 01:05:01,113
This means the BTC use for bids is

1754
01:05:01,113 --> 01:05:02,823
permanently removed from circulation.

1755
01:05:02,993 --> 01:05:06,007
we mentioned this already, so effectively

1756
01:05:06,097 --> 01:05:08,977
by participating in this thing that may

1757
01:05:08,977 --> 01:05:11,107
or may not, you know, take off your.

1758
01:05:11,662 --> 01:05:13,282
Effectively making everybody's

1759
01:05:13,612 --> 01:05:15,412
Bitcoin a little bit more valuable

1760
01:05:15,832 --> 01:05:17,182
in your own little special way.

1761
01:05:17,182 --> 01:05:18,982
So thank, thank you everyone.

1762
01:05:19,462 --> 01:05:21,382
yeah, there's no other token.

1763
01:05:21,442 --> 01:05:22,912
There's no pre mine.

1764
01:05:22,912 --> 01:05:24,922
There wasn't any initial, like swoop

1765
01:05:24,922 --> 01:05:27,322
swooping up of names from the developers.

1766
01:05:27,952 --> 01:05:29,452
Uh, this is all out in the open and

1767
01:05:29,452 --> 01:05:31,522
it's all inspectable auditable on chain.

1768
01:05:31,522 --> 01:05:32,992
The code is open source.

1769
01:05:33,172 --> 01:05:34,462
Anyone can participate.

1770
01:05:34,462 --> 01:05:36,322
There's no permissions necessary.

1771
01:05:36,532 --> 01:05:37,912
You know, it's, it's on

1772
01:05:37,912 --> 01:05:38,693
the Bitcoin blockchain.

1773
01:05:38,698 --> 01:05:41,092
So it's, it's a global namespace.

1774
01:05:41,152 --> 01:05:43,762
It's, it is, but it, now somebody

1775
01:05:43,762 --> 01:05:45,532
else could do the same thing, but

1776
01:05:45,532 --> 01:05:47,512
they would have the same startup cost.

1777
01:05:47,542 --> 01:05:49,402
I mean, it's the same dilemma that

1778
01:05:49,402 --> 01:05:50,962
everyone has about Bitcoin, right?

1779
01:05:50,962 --> 01:05:51,712
They're like, well,

1780
01:05:51,712 --> 01:05:52,792
we'll just copy Bitcoin.

1781
01:05:53,182 --> 01:05:54,142
It's like, well, yeah,

1782
01:05:54,142 --> 01:05:55,492
you, you can copy Bitcoin.

1783
01:05:55,582 --> 01:05:57,742
Sure, but are you gonna

1784
01:05:57,742 --> 01:05:58,792
copy the network effect?

1785
01:05:58,792 --> 01:06:00,202
Are you gonna copy the minor,

1786
01:06:00,472 --> 01:06:02,512
you know, minor, uh, community?

1787
01:06:02,512 --> 01:06:03,532
Are you gonna copy all that?

1788
01:06:03,532 --> 01:06:03,952
No.

1789
01:06:04,402 --> 01:06:07,252
So, um, so yeah, name resolution,

1790
01:06:07,327 --> 01:06:08,767
We've talked a little bit, I mentioned

1791
01:06:08,767 --> 01:06:09,667
a little bit, and this is the thing

1792
01:06:09,667 --> 01:06:11,437
I've been kind of focusing on lately.

1793
01:06:11,923 --> 01:06:13,820
there is, there's a couple things.

1794
01:06:13,820 --> 01:06:17,333
One is you can, when you, because

1795
01:06:17,333 --> 01:06:21,173
these things are tied to a key, a

1796
01:06:21,173 --> 01:06:23,033
private key, it's, it's effectively

1797
01:06:23,033 --> 01:06:25,853
a taproot wallet with some special,

1798
01:06:25,880 --> 01:06:27,243
functioning to make sure that the

1799
01:06:27,243 --> 01:06:29,013
transactions get created properly.

1800
01:06:30,363 --> 01:06:32,733
But from that private key pair, you

1801
01:06:32,733 --> 01:06:35,253
can derive a noster key, a Nostra style

1802
01:06:35,253 --> 01:06:37,023
key, and you can then use your wallet

1803
01:06:37,023 --> 01:06:39,303
to sign Nostra events that's built in.

1804
01:06:39,303 --> 01:06:40,113
We don't really need

1805
01:06:40,118 --> 01:06:41,163
anything else for that.

1806
01:06:41,430 --> 01:06:42,810
but if you want more information

1807
01:06:42,810 --> 01:06:44,483
around that, then, well

1808
01:06:44,483 --> 01:06:45,443
this is a little function.

1809
01:06:45,443 --> 01:06:47,063
If you know someone else that has,

1810
01:06:47,067 --> 01:06:48,867
one of these name, uh, spaces,

1811
01:06:48,867 --> 01:06:51,447
wallets, you can send it your, you

1812
01:06:51,447 --> 01:06:53,817
can send sat straight to their name.

1813
01:06:54,387 --> 01:06:56,067
It's a little bonus, but.

1814
01:06:57,732 --> 01:06:59,532
That's probably not all

1815
01:06:59,532 --> 01:07:00,942
that useful right now.

1816
01:07:00,942 --> 01:07:02,168
I mean, it's more important that,

1817
01:07:02,172 --> 01:07:03,402
that, uh, you'd be able to use

1818
01:07:03,402 --> 01:07:05,412
it for other interesting things.

1819
01:07:05,652 --> 01:07:09,792
So, upcoming is, um, is, uh, record,

1820
01:07:09,822 --> 01:07:12,912
uh, na uh, basically they're copying

1821
01:07:12,912 --> 01:07:15,312
the, uh, the namespace zone files

1822
01:07:15,312 --> 01:07:16,872
just from a format perspective

1823
01:07:16,872 --> 01:07:19,482
and using that to then associate,

1824
01:07:19,782 --> 01:07:21,732
uh, other attributes to your name.

1825
01:07:22,122 --> 01:07:24,628
So this could be, like a, an a

1826
01:07:24,628 --> 01:07:27,148
record for an IP address or a text

1827
01:07:27,238 --> 01:07:29,218
TXT record for just any random

1828
01:07:29,218 --> 01:07:31,742
string, effectively an MX record.

1829
01:07:31,742 --> 01:07:33,992
If you wanted to refer to a mail exchanger

1830
01:07:33,992 --> 01:07:36,692
this way, again, the value of this,

1831
01:07:36,722 --> 01:07:38,642
none of this ever hits the DNS system.

1832
01:07:38,642 --> 01:07:40,412
So if DNS is down, this,

1833
01:07:40,412 --> 01:07:41,912
this still works, right?

1834
01:07:42,032 --> 01:07:43,082
As long as you have an internet.

1835
01:07:44,012 --> 01:07:46,112
So if the, the powers that be

1836
01:07:46,112 --> 01:07:47,552
decided that they wanted to control

1837
01:07:47,552 --> 01:07:49,412
everybody's ability to use Twitter,

1838
01:07:49,412 --> 01:07:51,857
I. And they shut down all DNS.

1839
01:07:52,067 --> 01:07:52,337
Yeah.

1840
01:07:52,337 --> 01:07:53,897
Twitter's, no one can use it,

1841
01:07:54,617 --> 01:07:55,847
but this would still exist.

1842
01:07:55,847 --> 01:07:56,687
This would still work.

1843
01:07:56,927 --> 01:07:57,167
Right.

1844
01:07:57,167 --> 01:07:59,057
And if Noster used this to address

1845
01:07:59,057 --> 01:08:01,457
its relays, then even if somebody

1846
01:08:01,457 --> 01:08:04,277
wiped out DNS completely or, or like

1847
01:08:04,337 --> 01:08:06,017
poisoned it so that all the answers

1848
01:08:06,017 --> 01:08:08,477
were wrong, this would still operate,

1849
01:08:08,687 --> 01:08:09,917
uh, completely independent of it.

1850
01:08:10,547 --> 01:08:11,507
some of the things that they're gonna

1851
01:08:11,507 --> 01:08:13,037
talk about that they're working on,

1852
01:08:13,037 --> 01:08:14,927
silent payment addresses, Noster

1853
01:08:14,927 --> 01:08:16,307
and Onion services, et cetera.

1854
01:08:16,937 --> 01:08:20,917
and, uh, and yeah, this, these,

1855
01:08:20,947 --> 01:08:24,427
uh, zone files are, are distributed

1856
01:08:24,427 --> 01:08:28,183
on a, hyper DHT node network.

1857
01:08:28,693 --> 01:08:30,433
So it's a separate thing that

1858
01:08:30,433 --> 01:08:31,873
kind of sits off to the side.

1859
01:08:32,153 --> 01:08:34,603
and we're trying to, you know,

1860
01:08:34,903 --> 01:08:36,013
get people, encourage people

1861
01:08:36,013 --> 01:08:38,443
to run these, uh, DHT nodes.

1862
01:08:38,473 --> 01:08:40,093
Uh, the, the, uh.

1863
01:08:41,083 --> 01:08:42,163
The name that they use

1864
01:08:42,163 --> 01:08:43,483
here is called Fabric.

1865
01:08:43,543 --> 01:08:48,343
It's effectively a hyper DHD uh,

1866
01:08:48,343 --> 01:08:51,773
distributed hash table, data set up.

1867
01:08:52,163 --> 01:08:55,103
It's, um, like I said, the closest

1868
01:08:55,103 --> 01:08:57,023
thing to it is, um, there's something

1869
01:08:57,023 --> 01:08:58,463
called mainline, DHT, which is

1870
01:08:58,463 --> 01:09:01,673
what we call the, the, um, bit.

1871
01:09:01,807 --> 01:09:02,167
what was it?

1872
01:09:02,587 --> 01:09:05,617
The, uh, yeah, bit torrent.

1873
01:09:05,617 --> 01:09:08,197
Sorry, I can I, I wanna say, uh,

1874
01:09:08,197 --> 01:09:10,777
something else, but anyway, question.

1875
01:09:13,837 --> 01:09:17,437
So you, you run this v ht, you run that

1876
01:09:17,442 --> 01:09:20,222
in addition to maybe having a Bitcoin

1877
01:09:20,362 --> 01:09:22,942
old that has a history of the Transac?

1878
01:09:23,562 --> 01:09:23,782
Yes.

1879
01:09:24,052 --> 01:09:24,342
Okay.

1880
01:09:24,667 --> 01:09:25,147
Yes.

1881
01:09:25,267 --> 01:09:25,507
Yeah.

1882
01:09:25,507 --> 01:09:27,753
This is a separate thing, because

1883
01:09:28,143 --> 01:09:30,783
they didn't wanna put extra

1884
01:09:30,783 --> 01:09:32,613
data on the Bitcoin blockchain.

1885
01:09:32,973 --> 01:09:34,503
Like, they want to keep the stuff

1886
01:09:34,503 --> 01:09:35,858
that's anchored in the, on the Bitcoin

1887
01:09:35,863 --> 01:09:37,893
blockchain as minimal as possible.

1888
01:09:38,163 --> 01:09:39,753
And they're really looking out, you

1889
01:09:39,753 --> 01:09:42,093
know, unlike, you know, ruins in

1890
01:09:42,093 --> 01:09:43,623
these things, which really blow up

1891
01:09:43,623 --> 01:09:45,513
the, the blockchains block space.

1892
01:09:45,753 --> 01:09:47,643
This, one of the intentions is to be

1893
01:09:47,793 --> 01:09:50,477
extremely minimal, as well as scalable.

1894
01:09:51,527 --> 01:09:54,118
so that's, we talked about

1895
01:09:54,118 --> 01:09:56,548
Subspace, that's not available yet.

1896
01:09:56,548 --> 01:09:58,858
It's, um, they're working on a, uh,

1897
01:09:58,888 --> 01:10:00,664
kind of a mobile, wallet that'll

1898
01:10:00,664 --> 01:10:02,194
allow you to do, um, all the

1899
01:10:02,194 --> 01:10:04,054
bidding activity so you don't have

1900
01:10:04,054 --> 01:10:06,334
to run the, the software yourself.

1901
01:10:06,694 --> 01:10:09,314
But after that, the subspace is the next,

1902
01:10:09,378 --> 01:10:10,788
thing that they're gonna be working on.

1903
01:10:11,241 --> 01:10:13,371
if we, if you want to dive in deep

1904
01:10:13,371 --> 01:10:17,271
into the, um, details of that, my, uh,

1905
01:10:17,301 --> 01:10:18,951
recommendation is to look at the white

1906
01:10:18,951 --> 01:10:22,131
paper, which covers the same stuff.

1907
01:10:23,248 --> 01:10:25,798
But it goes into a lot more detail

1908
01:10:26,278 --> 01:10:29,548
of how the subspace and you work.

1909
01:10:29,578 --> 01:10:31,798
Like how, how taking 'em on and

1910
01:10:31,798 --> 01:10:34,588
off chain works and how you do

1911
01:10:34,618 --> 01:10:36,328
lot this loss of liveliness.

1912
01:10:36,328 --> 01:10:37,778
That's the year long, sort of

1913
01:10:37,778 --> 01:10:39,908
event and it gets into all a

1914
01:10:39,908 --> 01:10:41,408
lot more nitty gritty details.

1915
01:10:41,438 --> 01:10:42,668
I'm gonna go, I'm gonna

1916
01:10:43,208 --> 01:10:44,888
kind of move along here.

1917
01:10:45,161 --> 01:10:46,568
let's look at the Explorer.

1918
01:10:46,568 --> 01:10:49,088
So if you pull up explorer space

1919
01:10:49,088 --> 01:10:51,308
protocol.org, you can get kind of a view

1920
01:10:51,308 --> 01:10:54,308
of where the the Bidding Act activity is.

1921
01:10:54,308 --> 01:10:56,228
And this top section is just

1922
01:10:56,228 --> 01:10:58,148
a, uh, a bit of statistics

1923
01:10:58,208 --> 01:10:59,678
about what's happened so far.

1924
01:11:00,038 --> 01:11:02,018
So where are we at block wise?

1925
01:11:02,228 --> 01:11:04,058
How many spaces exist?

1926
01:11:04,658 --> 01:11:07,178
Uh, e events are, are different, like

1927
01:11:07,178 --> 01:11:09,608
bids and, and sort of o outbid stuff.

1928
01:11:09,848 --> 01:11:14,738
So 1.42 VTC burned to date.

1929
01:11:15,548 --> 01:11:18,968
So, so far since November.

1930
01:11:19,733 --> 01:11:22,403
That's, uh, about

1931
01:11:22,403 --> 01:11:26,693
$120,000 worth of Bitcoin.

1932
01:11:27,593 --> 01:11:31,463
So somebody, somebody thinks this is

1933
01:11:31,463 --> 01:11:32,783
worth something, somebody's willing

1934
01:11:32,783 --> 01:11:34,373
to like roll the dice on this.

1935
01:11:34,943 --> 01:11:36,733
So, for, just for the, uh, the

1936
01:11:36,763 --> 01:11:39,163
recording, uh, Steven has a, a very

1937
01:11:39,163 --> 01:11:41,863
aghast look on his face, uh, right now.

1938
01:11:44,683 --> 01:11:45,193
Yeah.

1939
01:11:46,633 --> 01:11:49,003
So, uh, so yeah, it's, it's using it up.

1940
01:11:51,853 --> 01:11:52,063
Yeah.

1941
01:11:52,063 --> 01:11:53,413
1.4. Yeah.

1942
01:11:53,533 --> 01:11:55,783
To, okay.

1943
01:11:55,783 --> 01:11:56,743
And what's today's price?

1944
01:11:56,743 --> 01:12:00,913
I saw coming in here was about 80, 86

1945
01:12:04,633 --> 01:12:05,383
for $1.

1946
01:12:06,193 --> 01:12:06,733
So, yeah.

1947
01:12:06,733 --> 01:12:08,473
So these are the things

1948
01:12:08,473 --> 01:12:09,553
that are in auction.

1949
01:12:09,906 --> 01:12:11,706
let me, let me go first

1950
01:12:11,706 --> 01:12:12,876
to upcoming auctions.

1951
01:12:12,966 --> 01:12:15,876
So these are names that have,

1952
01:12:15,886 --> 01:12:17,986
been submitted but aren't in that

1953
01:12:17,986 --> 01:12:19,876
active auction bidding pool yet.

1954
01:12:20,146 --> 01:12:23,559
So this is only sorted by the bid value.

1955
01:12:24,129 --> 01:12:26,279
So, they recommend you don't

1956
01:12:26,279 --> 01:12:27,479
want to have too small.

1957
01:12:27,539 --> 01:12:29,549
There's, you get into this weird dust

1958
01:12:29,819 --> 01:12:31,649
config, like if it's too small a bid,

1959
01:12:31,649 --> 01:12:34,559
it starts mingling with dust VA values.

1960
01:12:35,249 --> 01:12:37,049
So they recommend you, you use at

1961
01:12:37,049 --> 01:12:39,779
least a thousand, uh, SATs to bid

1962
01:12:39,959 --> 01:12:42,899
initially, which is a buck, right?

1963
01:12:42,899 --> 01:12:43,079
Right.

1964
01:12:43,079 --> 01:12:44,489
Well, 80 cents right now.

1965
01:12:44,489 --> 01:12:46,259
86 cents, whatever it's right now.

1966
01:12:46,559 --> 01:12:48,119
So it's not a whole lot just to

1967
01:12:48,119 --> 01:12:49,709
get, kick things into action.

1968
01:12:49,889 --> 01:12:52,049
So these are, you know, you

1969
01:12:52,049 --> 01:12:53,819
could be James, James at Bond.

1970
01:12:53,999 --> 01:12:54,989
You know, if you get that

1971
01:12:54,989 --> 01:12:56,969
one, it's a thousand SATs.

1972
01:12:57,209 --> 01:12:58,679
Uh, looks like there's a couple pages.

1973
01:12:58,709 --> 01:12:59,009
Okay.

1974
01:12:59,009 --> 01:12:59,609
Audio.

1975
01:13:00,314 --> 01:13:02,654
So, um, these weird, funky things

1976
01:13:02,654 --> 01:13:04,004
are what they call puny codes.

1977
01:13:04,004 --> 01:13:05,684
I guess they're big in Japan.

1978
01:13:05,714 --> 01:13:06,314
I don't know.

1979
01:13:06,561 --> 01:13:08,571
they're effectively resolved to these

1980
01:13:08,571 --> 01:13:10,791
little symbols, like emoji kind of things.

1981
01:13:12,381 --> 01:13:14,871
So proof portfolio, some, some

1982
01:13:14,871 --> 01:13:15,771
of these might be interesting.

1983
01:13:16,041 --> 01:13:16,971
So these are all kind of

1984
01:13:16,971 --> 01:13:18,411
waiting in the waiting room.

1985
01:13:18,441 --> 01:13:20,511
Maybe kind of consider it the mem pool

1986
01:13:20,511 --> 01:13:23,721
of, of spaces, the current auctions

1987
01:13:23,721 --> 01:13:25,491
is what's going on now, whether what's

1988
01:13:25,491 --> 01:13:28,911
in that 10 day timeframe or if they're

1989
01:13:29,001 --> 01:13:31,221
at the 10th day and there's a active

1990
01:13:31,221 --> 01:13:33,311
auction that may, it may be, kicking

1991
01:13:33,311 --> 01:13:34,421
out, but they're still doing it.

1992
01:13:34,721 --> 01:13:36,468
So it looks like, looks like Prince

1993
01:13:36,468 --> 01:13:39,588
is in here with, uh, purple, uh, you

1994
01:13:39,588 --> 01:13:42,198
know, uh, we, some of these short

1995
01:13:42,198 --> 01:13:45,108
ones are, oh, somebody, somebody's

1996
01:13:45,258 --> 01:13:46,518
trying to get porn and they've

1997
01:13:46,518 --> 01:13:49,728
got it up to six bids up to 0.025.

1998
01:13:49,728 --> 01:13:50,088
So.

1999
01:13:50,808 --> 01:13:52,668
Yeah, you know, what they say about

2000
01:13:52,668 --> 01:13:55,488
how, how you advance a new technology.

2001
01:13:55,488 --> 01:13:56,628
You, you gotta like,

2002
01:13:56,628 --> 01:13:57,888
engage the porn industry.

2003
01:13:57,888 --> 01:14:03,708
So, um, sushi, so address, code, uh,

2004
01:14:03,708 --> 01:14:06,558
you know, address, that's not too bad.

2005
01:14:06,558 --> 01:14:07,248
I mean, you can kind of

2006
01:14:07,248 --> 01:14:08,568
see how that might be used.

2007
01:14:09,108 --> 01:14:10,248
You, it needs a little, you need

2008
01:14:10,248 --> 01:14:11,418
a little vision to kind of see

2009
01:14:11,418 --> 01:14:13,248
how, where, where this might fit.

2010
01:14:13,518 --> 01:14:14,868
I'm just gonna look at the next page.

2011
01:14:14,868 --> 01:14:15,888
We've got some more communicator.

2012
01:14:15,888 --> 01:14:17,328
Candy color.

2013
01:14:17,928 --> 01:14:21,378
Um, yeah, so let's look,

2014
01:14:24,198 --> 01:14:26,268
yeah, let's look at bid value sorted.

2015
01:14:26,418 --> 01:14:29,028
You can sort this by upper lower.

2016
01:14:29,238 --> 01:14:31,068
So currently, oh, I guess porn's,

2017
01:14:31,128 --> 01:14:33,078
uh, leading the charts here in the,

2018
01:14:34,248 --> 01:14:36,288
uh, how, how apropos is that, right?

2019
01:14:37,608 --> 01:14:38,178
Yeah.

2020
01:14:38,598 --> 01:14:41,028
Studio sushi team, uh, team

2021
01:14:41,028 --> 01:14:42,498
could be something useful.

2022
01:14:42,978 --> 01:14:43,698
Bingo.

2023
01:14:44,174 --> 01:14:44,864
how much is bingo?

2024
01:14:44,864 --> 01:14:47,174
So oh, oh three five.

2025
01:14:48,044 --> 01:14:48,464
Yeah.

2026
01:14:49,664 --> 01:14:51,704
So any of these, anybody like

2027
01:14:51,704 --> 01:14:53,294
want to jump in on these?

2028
01:14:53,294 --> 01:14:53,624
No.

2029
01:14:53,624 --> 01:14:54,794
Ego, no

2030
01:14:57,734 --> 01:14:59,024
previous options to see like

2031
01:14:59,024 --> 01:15:00,194
what the, the most expensive.

2032
01:15:00,224 --> 01:15:00,524
Okay.

2033
01:15:00,524 --> 01:15:02,054
Yeah, I was saving the best.

2034
01:15:02,579 --> 01:15:02,869
Yeah.

2035
01:15:02,874 --> 01:15:04,364
Yeah, I was saving the best for last.

2036
01:15:04,394 --> 01:15:04,784
Okay.

2037
01:15:04,814 --> 01:15:06,164
So yeah, past auction.

2038
01:15:06,644 --> 01:15:10,304
So let's, uh, sort this by bid value.

2039
01:15:10,604 --> 01:15:14,714
So the highest bid value is Bitcoin,

2040
01:15:15,854 --> 01:15:20,234
followed by ai and then one, one, I

2041
01:15:20,234 --> 01:15:24,374
don't know, SM these single letters X.

2042
01:15:24,404 --> 01:15:24,674
Okay.

2043
01:15:24,674 --> 01:15:28,334
You can kind of see X. So yeah, well,

2044
01:15:28,454 --> 01:15:30,974
maybe, maybe he did or maybe somebody

2045
01:15:31,484 --> 01:15:33,254
hopes Elon eventually wants it.

2046
01:15:34,078 --> 01:15:34,818
so

2047
01:15:37,518 --> 01:15:38,028
yeah.

2048
01:15:38,058 --> 01:15:39,948
So 0.025.

2049
01:15:39,948 --> 01:15:45,168
So that is, uh, is that 2,500.

2050
01:15:46,128 --> 01:15:49,038
About dollars roughly at

2051
01:15:49,038 --> 01:15:50,208
a hundred thousand cents.

2052
01:15:50,688 --> 01:15:54,168
Id, I was actually bidding on

2053
01:15:54,168 --> 01:15:56,718
ID for a while 'cause I thought,

2054
01:15:56,778 --> 01:15:58,608
yeah, I could see where ID would

2055
01:15:58,608 --> 01:16:00,678
be pretty useful, especially

2056
01:16:00,678 --> 01:16:02,628
with decentralized ID and stuff.

2057
01:16:03,018 --> 01:16:04,668
And I was back bidding back and forth.

2058
01:16:04,668 --> 01:16:06,288
I think we had it extending it for

2059
01:16:06,288 --> 01:16:09,138
about five days beyond the 10 days.

2060
01:16:09,558 --> 01:16:11,868
And finally whoever it was

2061
01:16:11,868 --> 01:16:15,228
like, uh, went to like 400 bucks

2062
01:16:15,228 --> 01:16:16,428
worth and I'm like, I'm out.

2063
01:16:16,608 --> 01:16:18,468
It's like not, I'm not

2064
01:16:18,468 --> 01:16:19,278
hanging in for that.

2065
01:16:19,368 --> 01:16:20,418
I don't want it that bad.

2066
01:16:20,748 --> 01:16:21,678
Which is kind of interesting.

2067
01:16:21,678 --> 01:16:22,938
You watch this or if you start

2068
01:16:22,938 --> 01:16:24,438
getting interested in participating

2069
01:16:24,438 --> 01:16:25,938
and trying to bid on stuff, you

2070
01:16:25,938 --> 01:16:28,188
kind of like look at the, trying

2071
01:16:28,188 --> 01:16:30,348
to game out the, the bid dynamics.

2072
01:16:30,348 --> 01:16:31,938
Like, you know, do I bid it up a

2073
01:16:31,938 --> 01:16:33,408
little bit and just drag it out?

2074
01:16:33,408 --> 01:16:35,208
Or do I like come in with a big over

2075
01:16:35,208 --> 01:16:37,218
bid and just like, like scare the other

2076
01:16:37,218 --> 01:16:39,588
people away or, you know, I don't know.

2077
01:16:39,588 --> 01:16:41,718
It's like, it's kind of fun to

2078
01:16:41,718 --> 01:16:43,488
see what's going on, but uh.

2079
01:16:44,418 --> 01:16:45,738
Some of, let's see, well, these,

2080
01:16:45,768 --> 01:16:46,908
like all these single letters.

2081
01:16:46,908 --> 01:16:47,538
Hello.

2082
01:16:47,928 --> 01:16:49,818
Went for 0.01.

2083
01:16:49,968 --> 01:16:50,598
How about that com?

2084
01:16:52,308 --> 01:16:52,908
What's that?

2085
01:16:52,908 --> 01:16:54,498
Red com.com.

2086
01:16:54,498 --> 01:16:55,638
It's in here somewhere.

2087
01:16:55,698 --> 01:16:56,088
see.

2088
01:16:57,948 --> 01:17:04,523
btc.bet dm. Oops, DM vm.

2089
01:17:06,503 --> 01:17:08,328
Yeah, you can look at the, so this is

2090
01:17:08,388 --> 01:17:10,548
vm, I just clicked on it so you can

2091
01:17:10,548 --> 01:17:12,768
see what the, what the bid action was.

2092
01:17:12,768 --> 01:17:14,988
So they came in at 1000 SATs and

2093
01:17:14,988 --> 01:17:16,488
then they went to seven, right?

2094
01:17:16,488 --> 01:17:18,618
It went wide away, then a little bit

2095
01:17:18,618 --> 01:17:20,868
higher, and then eight, and I guess

2096
01:17:20,868 --> 01:17:22,518
that's where it, the, where it ended.

2097
01:17:23,328 --> 01:17:26,398
So, but you can, you can search,

2098
01:17:26,398 --> 01:17:27,808
you can say calm if you want.

2099
01:17:28,618 --> 01:17:30,928
So calm went to what?

2100
01:17:31,618 --> 01:17:32,338
Let's see,

2101
01:17:34,348 --> 01:17:39,238
0.0 1, 2, 1 was the, uh, highest bid.

2102
01:17:40,823 --> 01:17:42,418
Do you have any other curious.

2103
01:17:43,243 --> 01:17:44,713
I'll, I'll put one that I was

2104
01:17:44,713 --> 01:17:47,053
work that I was, uh, bidding on.

2105
01:17:49,663 --> 01:17:52,243
Oh, wait, not strategy.

2106
01:17:52,393 --> 01:17:54,103
How about strategy?

2107
01:17:54,673 --> 01:17:55,033
Yeah.

2108
01:17:55,333 --> 01:17:56,203
You don't wanna like, spend

2109
01:17:56,203 --> 01:17:57,343
a bunch of money on something

2110
01:17:57,343 --> 01:17:58,693
that's misspelling, right.

2111
01:18:00,343 --> 01:18:03,523
So yeah, I was like, the day, the

2112
01:18:03,523 --> 01:18:05,923
day that like MicroStrategy announced

2113
01:18:05,923 --> 01:18:08,143
that they were changing their name, I

2114
01:18:08,143 --> 01:18:11,203
thought, I wonder if anybody over there's

2115
01:18:11,203 --> 01:18:13,063
like, paying any attention to this.

2116
01:18:13,483 --> 01:18:14,893
So I went and opened it.

2117
01:18:15,973 --> 01:18:17,683
Let's see, but I opened it for like

2118
01:18:17,743 --> 01:18:22,093
a thousand and then, uh, and then,

2119
01:18:22,166 --> 01:18:24,476
oh, I, I, I 10 xed it just to get it

2120
01:18:24,746 --> 01:18:26,516
into, I'd say, oh, I don't want it to

2121
01:18:26,516 --> 01:18:29,186
languish here for who knows how long.

2122
01:18:29,186 --> 01:18:30,686
Let me, let me get the bidding going.

2123
01:18:30,686 --> 01:18:33,026
So I 10 Xed it to just get things

2124
01:18:33,026 --> 01:18:34,886
started and then it rolled out.

2125
01:18:34,886 --> 01:18:35,276
Right?

2126
01:18:35,936 --> 01:18:37,466
So then it becomes that part

2127
01:18:37,466 --> 01:18:38,966
of the, uh, the Octa pool.

2128
01:18:38,966 --> 01:18:39,776
So then it's like.

2129
01:18:40,691 --> 01:18:42,071
Point oh oh two.

2130
01:18:42,071 --> 01:18:45,371
So what's that, 20 bucks, is that right?

2131
01:18:46,181 --> 01:18:47,771
Let's just round and then it went to

2132
01:18:47,771 --> 01:18:51,371
40, then 50, then 70, then 80, then 90.

2133
01:18:52,661 --> 01:18:54,071
And then where did it go?

2134
01:18:54,356 --> 01:18:56,021
Which, which next?

2135
01:18:56,021 --> 01:18:58,271
This is, uh, strategy on the screen.

2136
01:18:58,811 --> 01:19:00,041
Oh, up here In the upper left.

2137
01:19:01,121 --> 01:19:01,151
Okay.

2138
01:19:01,151 --> 01:19:03,641
See yeah.

2139
01:19:03,851 --> 01:19:06,521
So, so point.

2140
01:19:06,611 --> 01:19:08,141
So that's a hundred bucks, right?

2141
01:19:08,171 --> 01:19:10,091
About That's a thou, no,

2142
01:19:10,091 --> 01:19:11,051
no, that's a hundred.

2143
01:19:11,561 --> 01:19:12,581
I wouldn't have bid that high.

2144
01:19:14,261 --> 01:19:18,101
So then it's like 1200, 1300, 1402.

2145
01:19:18,521 --> 01:19:20,191
No, I mean, 152.

2146
01:19:20,191 --> 01:19:22,531
This is 220.

2147
01:19:22,711 --> 01:19:26,581
200, 300, 400. I'm like, uh, I,

2148
01:19:26,581 --> 01:19:28,861
I, I'm not gonna go any higher, so

2149
01:19:28,861 --> 01:19:30,391
whoever the guy, whoever, whoever

2150
01:19:30,391 --> 01:19:33,661
got it at 400 bucks so he can sell

2151
01:19:33,661 --> 01:19:36,361
it to Michael for 4 million bucks.

2152
01:19:37,681 --> 01:19:39,091
If Michael cares.

2153
01:19:39,121 --> 01:19:39,631
Who knows?

2154
01:19:40,081 --> 01:19:41,731
Again, this is kind of like, we

2155
01:19:41,731 --> 01:19:43,831
don't, we don't know, uh, anyone

2156
01:19:43,891 --> 01:19:48,976
are curious about any, so gov gov

2157
01:19:53,161 --> 01:19:57,691
gov, uh, went for 0.00175.

2158
01:19:59,551 --> 01:20:02,791
So, but, you know, what's that?

2159
01:20:02,911 --> 01:20:03,601
Alex?

2160
01:20:04,591 --> 01:20:04,981
Alex?

2161
01:20:04,981 --> 01:20:06,811
So look, Alex, the name

2162
01:20:06,811 --> 01:20:08,071
is a, is available.

2163
01:20:08,131 --> 01:20:10,411
Alex could jump in or if you want

2164
01:20:10,411 --> 01:20:12,061
to piss off, Alex, you could jump

2165
01:20:12,061 --> 01:20:14,011
in, take off, and then resell.

2166
01:20:14,161 --> 01:20:17,251
There is a, I, uh, I'd have to go find

2167
01:20:17,251 --> 01:20:19,171
the, the, the link to it, but there is

2168
01:20:19,171 --> 01:20:21,151
a, a secondary market for those that

2169
01:20:21,151 --> 01:20:23,071
have won the auctions, but are reselling

2170
01:20:23,071 --> 01:20:25,171
them and you know, what about like

2171
01:20:25,171 --> 01:20:28,156
Smith or Jones, like top city Jones?

2172
01:20:29,611 --> 01:20:30,151
Nope.

2173
01:20:30,211 --> 01:20:32,046
Smith talking Jones.

2174
01:20:33,476 --> 01:20:33,766
Yeah.

2175
01:20:34,376 --> 01:20:35,791
Smith Jones you said?

2176
01:20:37,141 --> 01:20:37,531
Nope.

2177
01:20:38,311 --> 01:20:42,571
So Carson, who was the, uh, the, the,

2178
01:20:42,781 --> 01:20:45,931
the team lead and then Ben Carson.

2179
01:20:45,931 --> 01:20:47,101
This Mike and Carson.

2180
01:20:49,201 --> 01:20:49,981
Oh, it looks like somebody

2181
01:20:49,981 --> 01:20:51,181
snagged my last name.

2182
01:20:51,901 --> 01:20:52,321
Really?

2183
01:20:52,381 --> 01:20:52,831
Yeah.

2184
01:20:52,891 --> 01:20:53,551
That sucks.

2185
01:20:54,721 --> 01:20:56,641
I mean, you, you'd think pre,

2186
01:20:56,701 --> 01:20:58,801
pre who would, who would, yeah.

2187
01:20:59,911 --> 01:21:00,361
Anyway.

2188
01:21:00,901 --> 01:21:02,311
Uh, yeah.

2189
01:21:02,311 --> 01:21:02,521
Yeah.

2190
01:21:02,521 --> 01:21:05,911
So, yeah, let's, uh, let's,

2191
01:21:06,301 --> 01:21:08,281
uh, any other questions here?

2192
01:21:09,498 --> 01:21:11,028
I know it's a little thin on technical

2193
01:21:11,028 --> 01:21:14,088
detail, but, uh, it is working.

2194
01:21:15,558 --> 01:21:15,858
Alright.

2195
01:21:15,918 --> 01:21:18,468
Um, just to kinda wrap up.

2196
01:21:19,773 --> 01:21:22,263
I, uh, I've been working with the,

2197
01:21:22,323 --> 01:21:24,303
the folks to package this up to make

2198
01:21:24,303 --> 01:21:26,733
it easy to install and use for folks

2199
01:21:26,733 --> 01:21:28,383
that don't want to deal with, you

2200
01:21:28,383 --> 01:21:30,273
know, running Docker containers and

2201
01:21:30,273 --> 01:21:32,313
stuff on their own machine with their

2202
01:21:32,313 --> 01:21:34,053
own node and all that fun stuff.

2203
01:21:34,053 --> 01:21:35,793
Obviously you don't need to do it this

2204
01:21:35,793 --> 01:21:38,013
way, but if you're inclined and you've

2205
01:21:38,013 --> 01:21:39,963
gotta start nine, uh, so I've got it

2206
01:21:39,963 --> 01:21:43,353
packaged up for that and I'm working with

2207
01:21:43,353 --> 01:21:48,753
them to get to have when start nine in

2208
01:21:48,753 --> 01:21:50,373
the next major upgrade, they're gonna go

2209
01:21:50,373 --> 01:21:52,713
clear net, which means that then services

2210
01:21:52,713 --> 01:21:54,663
running on your start nine box can be

2211
01:21:54,663 --> 01:21:56,313
addressable from the outside world.

2212
01:21:57,003 --> 01:21:59,463
And that will open up the path of

2213
01:21:59,853 --> 01:22:02,816
putting the, the, uh, fabric node that

2214
01:22:02,876 --> 01:22:05,666
serves the DNH zones on here as well.

2215
01:22:05,666 --> 01:22:07,286
So you would just click install

2216
01:22:07,286 --> 01:22:08,246
it and suddenly you would be

2217
01:22:08,246 --> 01:22:09,956
participating in the, uh, the node

2218
01:22:09,956 --> 01:22:11,456
system that helps to support the,

2219
01:22:11,726 --> 01:22:13,946
to hopefully kind of reinforce that.

2220
01:22:14,479 --> 01:22:15,979
So that's mine.

2221
01:22:16,009 --> 01:22:17,389
Uh, this is what it looks

2222
01:22:17,389 --> 01:22:18,109
like when you run it.

2223
01:22:18,109 --> 01:22:19,999
It's just a, a little gooey

2224
01:22:19,999 --> 01:22:21,169
command line interface.

2225
01:22:21,169 --> 01:22:22,939
So there's, it's not a whole lot to see.

2226
01:22:23,306 --> 01:22:25,826
but you, you create your, you run this

2227
01:22:25,826 --> 01:22:29,366
command spaces, CLI or I, I alias it to

2228
01:22:29,366 --> 01:22:33,326
spaces, but I said list spaces, and this

2229
01:22:33,326 --> 01:22:35,306
is the eight that I know that I own.

2230
01:22:35,396 --> 01:22:37,796
Uh, you know, Lundy, I already

2231
01:22:37,886 --> 01:22:39,206
show, uh, revealed that I own

2232
01:22:39,206 --> 01:22:41,036
that one, but I own space as well,

2233
01:22:41,036 --> 01:22:43,286
and a few other, a few others.

2234
01:22:43,616 --> 01:22:46,143
but, it's, uh, one of the things, uh,

2235
01:22:46,143 --> 01:22:48,183
I'm working, so lately I've been working

2236
01:22:48,183 --> 01:22:53,463
on, uh, I took a, because, uh, it really

2237
01:22:53,463 --> 01:22:56,013
replaces a host name in a lot of contexts.

2238
01:22:56,013 --> 01:22:58,233
So what I was trying to do was to,

2239
01:22:58,293 --> 01:23:01,923
uh, hijack A-A-D-N-S, uh, server

2240
01:23:02,013 --> 01:23:04,143
that's doing some similar, uh.

2241
01:23:04,173 --> 01:23:06,963
Uh, name resolution and adding

2242
01:23:06,993 --> 01:23:08,583
the spaces resolution to it.

2243
01:23:08,613 --> 01:23:10,503
I've got it kind of mocked up and working

2244
01:23:10,503 --> 01:23:13,983
so that in A-D-N-S-I can use NS lookup

2245
01:23:13,983 --> 01:23:16,953
and say NS lookup at space and it works.

2246
01:23:16,953 --> 01:23:18,573
It gives me an IP address or a text

2247
01:23:18,573 --> 01:23:21,753
record using the DNS methodology, which

2248
01:23:21,813 --> 01:23:23,613
all everything's built around, right?

2249
01:23:23,613 --> 01:23:26,913
So, um, and then when I tried to do that

2250
01:23:26,913 --> 01:23:30,453
in a browser, it didn't work, of course.

2251
01:23:30,483 --> 01:23:32,343
'cause a browser sees the at symbol

2252
01:23:32,343 --> 01:23:34,083
and it says, I don't know what this is,

2253
01:23:34,083 --> 01:23:36,573
it's not a, it's not a host name, so

2254
01:23:36,573 --> 01:23:38,523
I'm not even gonna try to like find it.

2255
01:23:38,943 --> 01:23:40,953
So what the browser does is

2256
01:23:40,953 --> 01:23:42,783
it says it must be something

2257
01:23:42,783 --> 01:23:43,983
that they're searching for.

2258
01:23:44,733 --> 01:23:47,043
So it then kicks off the default search

2259
01:23:47,043 --> 01:23:48,933
engine and then passes that name.

2260
01:23:49,353 --> 01:23:52,923
And so what I ended up doing was I, uh, I

2261
01:23:52,923 --> 01:23:55,619
was working on a, uh, chrome, uh, search

2262
01:23:55,619 --> 01:23:59,789
engine, uh, proxy, uh, server, which

2263
01:23:59,789 --> 01:24:02,009
is basically just a no JS server that.

2264
01:24:02,624 --> 01:24:03,524
Understands how to

2265
01:24:03,524 --> 01:24:04,994
resolve these space names.

2266
01:24:05,024 --> 01:24:07,114
And then if it, if it doesn't

2267
01:24:07,504 --> 01:24:08,794
find it, then it passes it

2268
01:24:08,794 --> 01:24:10,384
off to the search engine.

2269
01:24:10,384 --> 01:24:11,824
And then you get the search results.

2270
01:24:11,824 --> 01:24:14,464
So if, if you type at space in your

2271
01:24:14,464 --> 01:24:15,964
browser window, it, it actually

2272
01:24:15,964 --> 01:24:17,674
goes to the space page, which is

2273
01:24:18,304 --> 01:24:20,194
the IP of my server, other server.

2274
01:24:20,554 --> 01:24:22,234
And if it's something else and it just

2275
01:24:22,264 --> 01:24:24,634
gives you search results so it doesn't

2276
01:24:24,784 --> 01:24:26,614
mess up your searching, but it kind of

2277
01:24:26,614 --> 01:24:29,258
hijacks that search engine, uh, mechanism.

2278
01:24:30,158 --> 01:24:31,748
And, and this is something that the

2279
01:24:31,748 --> 01:24:33,818
team and we're kind of resolving,

2280
01:24:33,818 --> 01:24:35,738
figuring out what's the best way you

2281
01:24:35,738 --> 01:24:37,388
can make a custom browser that would

2282
01:24:37,393 --> 01:24:39,098
understand how to deal with this.

2283
01:24:39,098 --> 01:24:40,808
You could create a custom noster

2284
01:24:40,808 --> 01:24:43,178
client to deal with it like inherently.

2285
01:24:43,628 --> 01:24:44,948
Is there any other questions?

2286
01:24:44,948 --> 01:24:46,568
I think we've hit a lot as we've gone.

2287
01:24:47,558 --> 01:24:50,053
It doesn't have any, can you put multiple

2288
01:24:50,138 --> 01:24:53,048
things to the same space in such space?

2289
01:24:53,678 --> 01:24:55,328
Well, you could put multiple

2290
01:24:55,328 --> 01:24:57,998
kinds of things to the same space.

2291
01:25:03,128 --> 01:25:03,458
Right.

2292
01:25:03,458 --> 01:25:05,138
But then if you had, you could use the

2293
01:25:05,138 --> 01:25:07,538
same thing and have multiple different

2294
01:25:07,538 --> 01:25:10,148
kinds of things direct for that right?

2295
01:25:10,713 --> 01:25:10,873
Question.

2296
01:25:11,343 --> 01:25:14,048
Well, like if, if like, you could

2297
01:25:14,048 --> 01:25:17,018
have, uh, like, uh, uh, I like an

2298
01:25:17,018 --> 01:25:18,848
A record, which is an IP address.

2299
01:25:18,848 --> 01:25:20,468
You can have multiple, I mean,

2300
01:25:20,468 --> 01:25:22,448
it's possible to have multiple IP

2301
01:25:22,448 --> 01:25:25,868
addresses, like for, you know, uh,

2302
01:25:26,408 --> 01:25:28,298
round Robin dispatching, et cetera.

2303
01:25:28,741 --> 01:25:30,121
you can have multiple text records.

2304
01:25:30,121 --> 01:25:31,381
You can have MX records,

2305
01:25:31,381 --> 01:25:33,121
you can have c name records.

2306
01:25:33,121 --> 01:25:34,508
You can have, you really don't

2307
01:25:34,508 --> 01:25:35,858
want to have name server or

2308
01:25:35,858 --> 01:25:37,538
start of authority records, but

2309
01:25:37,958 --> 01:25:39,308
most of the other stuff you can.

2310
01:25:39,638 --> 01:25:41,288
Um, but really to answer your

2311
01:25:41,288 --> 01:25:43,148
question, what you want to do is to

2312
01:25:43,148 --> 01:25:45,578
create sub subspaces for all their

2313
01:25:45,578 --> 01:25:48,188
different needs and then assign the

2314
01:25:48,188 --> 01:25:50,858
various kind of metadata to each one.

2315
01:25:50,858 --> 01:25:51,608
That makes sense.

2316
01:25:51,638 --> 01:25:55,418
So this is like my, like, you know, my.

2317
01:25:56,048 --> 01:25:56,948
Business wallet.

2318
01:25:56,948 --> 01:25:58,718
And this is my like personal wallet.

2319
01:25:58,718 --> 01:26:00,338
And this is my like pocket change wallet.

2320
01:26:00,338 --> 01:26:01,628
And this is like, each one of

2321
01:26:01,628 --> 01:26:02,678
those could have a different name.

2322
01:26:02,678 --> 01:26:04,928
So you can say like, send some Bitcoin

2323
01:26:04,928 --> 01:26:08,198
to my coin purse at, you know, Alex.

2324
01:26:08,558 --> 01:26:09,968
And then boom, it would go into that.

2325
01:26:10,658 --> 01:26:11,828
Well, the in the well, so

2326
01:26:11,828 --> 01:26:13,208
any, any other questions?

2327
01:26:13,213 --> 01:26:14,973
So you wait.

2328
01:26:15,113 --> 01:26:16,448
Uh, at space, right?

2329
01:26:16,448 --> 01:26:19,268
At space you could have Lundy at Space.

2330
01:26:19,358 --> 01:26:20,558
I could have Lundy at space.

2331
01:26:20,558 --> 01:26:21,668
I could have space at Lundy.

2332
01:26:21,848 --> 01:26:23,378
You tell me last.

2333
01:26:24,308 --> 01:26:24,698
Yeah.

2334
01:26:25,598 --> 01:26:27,278
And then you could also sell to

2335
01:26:27,278 --> 01:26:29,198
anyone Jean at Space, their name.

2336
01:26:29,858 --> 01:26:30,188
Sure.

2337
01:26:31,058 --> 01:26:32,978
And then if I knew last at

2338
01:26:32,978 --> 01:26:35,318
Space, then all the dots in

2339
01:26:35,318 --> 01:26:37,508
front of Lasseter would be mine.

2340
01:26:37,508 --> 01:26:40,358
I could sell the Rich dot Lasseter, I

2341
01:26:40,358 --> 01:26:42,848
could sell the Jimmy dot Lasseter, right?

2342
01:26:42,848 --> 01:26:44,469
I could, no, no, no.

2343
01:26:45,068 --> 01:26:46,478
Uh, you would have to go back.

2344
01:26:46,748 --> 01:26:48,278
I'm the at space guy.

2345
01:26:48,623 --> 01:26:50,213
Then if you want all those

2346
01:26:50,213 --> 01:26:51,323
other things, you would've to

2347
01:26:51,323 --> 01:26:52,643
go, come back to me for that.

2348
01:26:53,213 --> 01:26:54,473
That unlike this, what we're talking

2349
01:26:54,473 --> 01:26:56,633
about earlier, unlike where DNS is

2350
01:26:56,633 --> 01:26:59,003
de you can delegate those subdomains,

2351
01:26:59,723 --> 01:27:01,133
then that would be the case.

2352
01:27:01,133 --> 01:27:03,203
But in this case, even it's,

2353
01:27:03,233 --> 01:27:04,943
it's all one flat name space.

2354
01:27:07,793 --> 01:27:08,183
Okay.

2355
01:27:08,183 --> 01:27:10,258
Actually, I think we kind of

2356
01:27:10,258 --> 01:27:12,863
over time here, uh, this has

2357
01:27:12,863 --> 01:27:14,183
been a fascinating citation.

2358
01:27:14,183 --> 01:27:15,653
Everyone Clue has a lot of questions.

2359
01:27:15,653 --> 01:27:17,513
I recommend everybody, uh, walk on

2360
01:27:17,513 --> 01:27:19,103
the belt line with us to dinner and,

2361
01:27:19,163 --> 01:27:21,083
uh, buy Andrew a beer and ask him

2362
01:27:23,093 --> 01:27:23,753
my beers.

2363
01:27:24,023 --> 01:27:24,263
All right.

2364
01:27:24,863 --> 01:27:25,943
Still hum, right?

2365
01:27:25,943 --> 01:27:26,153
Very.

2366
01:27:26,158 --> 01:27:26,298
Okay.

2367
01:27:31,583 --> 01:27:32,963
One last personal plug.

2368
01:27:33,113 --> 01:27:34,853
And you can, you can cut this out of

2369
01:27:34,853 --> 01:27:37,553
the, uh, the recording, uh, well or not.

2370
01:27:37,853 --> 01:27:40,253
Uh, I'm still looking for work.

2371
01:27:40,313 --> 01:27:42,563
I'm available and willing to contract.

2372
01:27:42,563 --> 01:27:44,873
If you need something done, uh, let

2373
01:27:44,873 --> 01:27:46,313
me know, especially in this space.

2374
01:27:46,793 --> 01:27:47,273
Uh.

2375
01:27:47,918 --> 01:27:50,048
And yeah, that's, uh, that's it.

2376
01:27:50,198 --> 01:27:51,938
So thanks.

2377
01:27:56,643 --> 01:27:57,783
Hey, thanks for listening.

2378
01:27:57,923 --> 01:27:59,293
I hope you enjoyed this episode.

2379
01:27:59,563 --> 01:28:00,683
If you want to learn more about

2380
01:28:00,683 --> 01:28:02,393
anything that we discussed, you can

2381
01:28:02,393 --> 01:28:04,153
look for links in the show notes

2382
01:28:04,353 --> 01:28:05,653
that should be in your podcast

2383
01:28:05,663 --> 01:28:08,433
player, or you can go to atlbitlab.

2384
01:28:08,433 --> 01:28:11,553
com slash podcast on a final note.

2385
01:28:11,593 --> 01:28:13,213
If you found this information useful

2386
01:28:13,373 --> 01:28:15,423
and you want to help support us, you

2387
01:28:15,423 --> 01:28:17,603
can always send us a tip in Bitcoin.

2388
01:28:17,983 --> 01:28:19,833
Your support really helps us that we

2389
01:28:19,833 --> 01:28:21,943
can keep bringing you content like this.

2390
01:28:22,273 --> 01:28:22,833
All right.

2391
01:28:22,913 --> 01:28:23,553
Catch you later.