{"version":"1.0.0","segments":[{"startTime":0.0,"endTime":1.83,"body":"Should we connect AI"},{"startTime":0.0,"endTime":1.83,"body":"to the blockchain?"},{"startTime":1.83,"endTime":3.93,"body":"Let's find out with"},{"startTime":1.83,"endTime":3.93,"body":"today's special guest,"},{"startTime":3.93,"endTime":5.069,"body":"Colin Fitzpatrick."},{"startTime":5.919,"endTime":7.809,"body":"Today's episode is brought"},{"startTime":5.919,"endTime":7.809,"body":"to you by the bestseller"},{"startTime":7.809,"endTime":9.309,"body":"Chat, GPT Profits."},{"startTime":9.309,"endTime":11.529,"body":"This book is the Missing"},{"startTime":9.309,"endTime":11.529,"body":"Instruction Manual to get"},{"startTime":11.529,"endTime":13.959,"body":"you up and running with"},{"startTime":11.529,"endTime":13.959,"body":"chat g bt in a matter of"},{"startTime":13.959,"endTime":15.099,"body":"minutes as a special gift."},{"startTime":15.309,"endTime":18.22,"body":"You can get it absolutely"},{"startTime":15.309,"endTime":18.22,"body":"free@artificialintelligencepod.com"},{"startTime":18.519,"endTime":21.369,"body":"slash gift, or at the link"},{"startTime":18.519,"endTime":21.369,"body":"right below this episode."},{"startTime":21.369,"endTime":23.139,"body":"Make sure to grab your"},{"startTime":21.369,"endTime":23.139,"body":"copy before it goes"},{"startTime":23.139,"endTime":24.459,"body":"back up to full price."},{"startTime":25.003,"endTime":26.413,"body":"Are you tired of"},{"startTime":25.003,"endTime":26.413,"body":"dealing with your boss?"},{"startTime":26.413,"endTime":28.543,"body":"Do you feel underpaid"},{"startTime":26.413,"endTime":28.543,"body":"and underappreciated?"},{"startTime":28.783,"endTime":31.123,"body":"If you wanna make it online,"},{"startTime":28.783,"endTime":31.123,"body":"fire your boss and start living"},{"startTime":31.123,"endTime":32.563,"body":"your retirement dreams now."},{"startTime":32.863,"endTime":34.783,"body":"Then you can come"},{"startTime":32.863,"endTime":34.783,"body":"to the right place."},{"startTime":34.933,"endTime":37.003,"body":"Welcome to the Artificial"},{"startTime":34.933,"endTime":37.003,"body":"Intelligence Podcast."},{"startTime":37.243,"endTime":39.523,"body":"You will learn how to use"},{"startTime":37.243,"endTime":39.523,"body":"artificial intelligence to"},{"startTime":39.523,"endTime":42.283,"body":"open new revenue streams and"},{"startTime":39.523,"endTime":42.283,"body":"make money while you sleep."},{"startTime":42.313,"endTime":43.873,"body":"Presented live from a"},{"startTime":42.313,"endTime":43.873,"body":"tropical island in the"},{"startTime":43.873,"endTime":46.033,"body":"South Pacific by bestselling"},{"startTime":43.873,"endTime":46.033,"body":"author Jonathan Green."},{"startTime":46.363,"endTime":48.523,"body":"Now here's your host."},{"startTime":50.206,"endTime":53.326,"body":"Now Colin, I'm very interested"},{"startTime":50.206,"endTime":53.326,"body":"'cause a lot of people already"},{"startTime":53.326,"endTime":56.326,"body":"in their minds because there"},{"startTime":53.326,"endTime":56.326,"body":"was such a quick transition from"},{"startTime":56.386,"endTime":59.626,"body":"NFTs, blockchain, everything"},{"startTime":56.386,"endTime":59.626,"body":"to ai, that they're already"},{"startTime":59.626,"endTime":61.336,"body":"tied together his heads."},{"startTime":61.336,"endTime":64.071,"body":"And I wonder what's your"},{"startTime":61.336,"endTime":64.071,"body":"perspective initially for"},{"startTime":64.076,"endTime":68.056,"body":"people that kind of think of AI"},{"startTime":64.076,"endTime":68.056,"body":"and blockchain as integrated?"},{"startTime":70.316,"endTime":70.916,"body":"Here's the thing."},{"startTime":70.916,"endTime":75.006,"body":"When AI came along, there"},{"startTime":70.916,"endTime":75.006,"body":"was an awful lot of hype"},{"startTime":75.186,"endTime":78.696,"body":"around metaverse and NFTs and"},{"startTime":75.186,"endTime":78.696,"body":"blockchain and everything like"},{"startTime":78.696,"endTime":83.676,"body":"that, which kind of went away"},{"startTime":78.696,"endTime":83.676,"body":"to a certain degree as soon as"},{"startTime":83.676,"endTime":86.346,"body":"AI came on the scene, because"},{"startTime":83.676,"endTime":86.346,"body":"I think when people saw chat,"},{"startTime":86.346,"endTime":88.056,"body":"GBT and like me, they went."},{"startTime":88.851,"endTime":91.401,"body":"This is the real deal,"},{"startTime":88.851,"endTime":91.401,"body":"and this has use cases"},{"startTime":91.401,"endTime":92.211,"body":"all over the place."},{"startTime":92.211,"endTime":94.431,"body":"And what you saw is an"},{"startTime":92.211,"endTime":94.431,"body":"awful lot of crypto projects"},{"startTime":94.431,"endTime":97.131,"body":"really pivoting and putting"},{"startTime":94.431,"endTime":97.131,"body":"in AI in wherever they can."},{"startTime":98.481,"endTime":101.561,"body":"But for me I do believe"},{"startTime":98.481,"endTime":101.561,"body":"that actually there's a"},{"startTime":101.561,"endTime":104.441,"body":"very significant future for"},{"startTime":101.561,"endTime":104.441,"body":"AI and blockchain together"},{"startTime":104.471,"endTime":107.111,"body":"because I believe that"},{"startTime":104.471,"endTime":107.111,"body":"AI is going to solve an"},{"startTime":107.111,"endTime":110.231,"body":"awful lot of the problems"},{"startTime":107.111,"endTime":110.231,"body":"that blockchain has had."},{"startTime":110.651,"endTime":113.411,"body":"I've been in crypto since 2016."},{"startTime":114.731,"endTime":116.381,"body":"It hasn't really"},{"startTime":114.731,"endTime":116.381,"body":"gotten any easier."},{"startTime":116.381,"endTime":119.586,"body":"It's been a, it's always"},{"startTime":116.381,"endTime":119.586,"body":"been a tricky onboarding and"},{"startTime":119.586,"endTime":123.276,"body":"a big learning curve, and"},{"startTime":119.586,"endTime":123.276,"body":"quite complicated to learn"},{"startTime":123.276,"endTime":125.646,"body":"the underlying technologies"},{"startTime":123.276,"endTime":125.646,"body":"and how everything works."},{"startTime":126.216,"endTime":127.566,"body":"And that hasn't gotten easier."},{"startTime":127.566,"endTime":129.456,"body":"If anything, it's"},{"startTime":127.566,"endTime":129.456,"body":"actually got worse."},{"startTime":129.936,"endTime":133.956,"body":"So the way I see it is AI is"},{"startTime":129.936,"endTime":133.956,"body":"like the missing link, the extra"},{"startTime":133.956,"endTime":135.726,"body":"key to bring all this together."},{"startTime":136.311,"endTime":140.281,"body":"Because AI is really the"},{"startTime":136.311,"endTime":140.281,"body":"operation of computers"},{"startTime":140.281,"endTime":141.271,"body":"in a human form."},{"startTime":141.341,"endTime":145.001,"body":"No longer do we have to actually"},{"startTime":141.341,"endTime":145.001,"body":"learn to speak to a computer"},{"startTime":145.001,"endTime":147.641,"body":"in a way that it can understand"},{"startTime":145.001,"endTime":147.641,"body":"us, it can understand us"},{"startTime":147.641,"endTime":152.951,"body":"perfectly right now, and my"},{"startTime":147.641,"endTime":152.951,"body":"specialty is AI agents, and"},{"startTime":152.951,"endTime":156.821,"body":"that's what I do in my day"},{"startTime":152.951,"endTime":156.821,"body":"job is AI agents for Web3."},{"startTime":156.971,"endTime":160.031,"body":"And what I'm seeing is a really"},{"startTime":156.971,"endTime":160.031,"body":"fantastic turnaround in the"},{"startTime":160.031,"endTime":161.771,"body":"ability for AI agents to."},{"startTime":162.431,"endTime":165.401,"body":"Take a lot of the pain away"},{"startTime":162.431,"endTime":165.401,"body":"of some of the problems"},{"startTime":165.401,"endTime":170.681,"body":"in user usability and user"},{"startTime":165.401,"endTime":170.681,"body":"experience in the area of Web3."},{"startTime":171.071,"endTime":175.091,"body":"Because now we're getting"},{"startTime":171.071,"endTime":175.091,"body":"to a stage where soon we"},{"startTime":175.091,"endTime":177.731,"body":"won't have to worry about"},{"startTime":175.091,"endTime":177.731,"body":"all these complexities about,"},{"startTime":178.041,"endTime":181.311,"body":"what chain we're on and what"},{"startTime":178.041,"endTime":181.311,"body":"defi protocol we need to"},{"startTime":181.311,"endTime":185.241,"body":"use or what big, long string"},{"startTime":181.311,"endTime":185.241,"body":"of characters is addressed."},{"startTime":185.241,"endTime":187.071,"body":"I think we know"},{"startTime":185.241,"endTime":187.071,"body":"what we want done."},{"startTime":187.071,"endTime":188.211,"body":"We know what the answer is."},{"startTime":188.211,"endTime":191.581,"body":"And AI agents will take"},{"startTime":188.211,"endTime":191.581,"body":"away a lot of that issue"},{"startTime":191.641,"endTime":193.741,"body":"because they will just go"},{"startTime":191.641,"endTime":193.741,"body":"and do the work for us."},{"startTime":195.901,"endTime":199.356,"body":"So I think the core issue"},{"startTime":195.901,"endTime":199.356,"body":"starts with that AI blockchain,"},{"startTime":199.361,"endTime":204.481,"body":"NFTs has such a huge amount"},{"startTime":199.361,"endTime":204.481,"body":"of negative PR that it's, you"},{"startTime":204.541,"endTime":207.091,"body":"almost expect the word scam"},{"startTime":204.541,"endTime":207.091,"body":"after you hear the word crypto."},{"startTime":207.091,"endTime":208.801,"body":"Every time you hear a"},{"startTime":207.091,"endTime":208.801,"body":"celebrities launching a"},{"startTime":208.801,"endTime":211.381,"body":"coin, you're just waiting"},{"startTime":208.801,"endTime":211.381,"body":"to hear the word rug pull."},{"startTime":211.471,"endTime":213.421,"body":"Sometimes it's days"},{"startTime":211.471,"endTime":213.421,"body":"later, sometimes it's"},{"startTime":213.421,"endTime":214.351,"body":"minutes after the launch."},{"startTime":214.351,"endTime":217.771,"body":"Like we just saw a pretty"},{"startTime":214.351,"endTime":217.771,"body":"public coin launch recently,"},{"startTime":217.771,"endTime":219.961,"body":"so there's such negative PR."},{"startTime":220.321,"endTime":224.941,"body":"All NFTs have basically dropped"},{"startTime":220.321,"endTime":224.941,"body":"to no value at all, and all the"},{"startTime":224.941,"endTime":226.466,"body":"NFT projects turned out to be."},{"startTime":227.101,"endTime":228.391,"body":"All smoke and no fire."},{"startTime":228.391,"endTime":232.231,"body":"So there's a massive negative"},{"startTime":228.391,"endTime":232.231,"body":"perception around the blockchain"},{"startTime":232.231,"endTime":234.811,"body":"because almost every single"},{"startTime":232.231,"endTime":234.811,"body":"blockchain related project from"},{"startTime":234.811,"endTime":238.321,"body":"the blockchain related video"},{"startTime":234.811,"endTime":238.321,"body":"games to NFTs and blockchain"},{"startTime":238.321,"endTime":242.551,"body":"contracts, people have misused"},{"startTime":238.321,"endTime":242.551,"body":"or used them for illicit stuff."},{"startTime":242.551,"endTime":246.661,"body":"You always hear Bitcoin"},{"startTime":242.551,"endTime":246.661,"body":"robbery, Bitcoin heist."},{"startTime":246.751,"endTime":248.101,"body":"It's always something negative."},{"startTime":248.761,"endTime":251.551,"body":"So with such a huge amount"},{"startTime":248.761,"endTime":251.551,"body":"of negativity around it,"},{"startTime":251.581,"endTime":255.211,"body":"how is it possible to carve"},{"startTime":251.581,"endTime":255.211,"body":"out an area where that."},{"startTime":255.521,"endTime":256.781,"body":"Negativity isn't there?"},{"startTime":256.781,"endTime":259.001,"body":"Is there something that"},{"startTime":256.781,"endTime":259.001,"body":"AI can add into it that"},{"startTime":259.001,"endTime":260.111,"body":"removes the ability?"},{"startTime":260.111,"endTime":263.441,"body":"'cause it seems like the, it"},{"startTime":260.111,"endTime":263.441,"body":"comes down to the fact that"},{"startTime":263.441,"endTime":265.451,"body":"most people who get involved"},{"startTime":263.441,"endTime":265.451,"body":"in these things don't get"},{"startTime":265.451,"endTime":267.491,"body":"punished, which means people"},{"startTime":265.451,"endTime":267.491,"body":"are doing it more and more."},{"startTime":267.791,"endTime":269.651,"body":"'cause it almost seems"},{"startTime":267.791,"endTime":269.651,"body":"like it's implicitly"},{"startTime":269.651,"endTime":270.851,"body":"permitted by the government."},{"startTime":270.851,"endTime":272.291,"body":"So there's more and"},{"startTime":270.851,"endTime":272.291,"body":"more dishonesty."},{"startTime":272.291,"endTime":274.546,"body":"Like when you hear someone,"},{"startTime":272.291,"endTime":274.546,"body":"oh, this person invested"},{"startTime":274.546,"endTime":275.586,"body":"in coining got ripped off."},{"startTime":275.646,"endTime":278.171,"body":"Now we all think cave"},{"startTime":275.646,"endTime":278.171,"body":"mTOR, it's their fault for."},{"startTime":278.526,"endTime":280.956,"body":"Getting involved in a mean"},{"startTime":278.526,"endTime":280.956,"body":"coin in the first FO point."},{"startTime":281.006,"endTime":281.066,"body":"Yeah."},{"startTime":281.066,"endTime":284.276,"body":"And we're seeing that all of"},{"startTime":281.066,"endTime":284.276,"body":"this, it's always bought since"},{"startTime":284.276,"endTime":287.696,"body":"snipers and all these fancy"},{"startTime":284.276,"endTime":287.696,"body":"words for using AI maliciously."},{"startTime":288.296,"endTime":291.266,"body":"Is there a way for AI to"},{"startTime":288.296,"endTime":291.266,"body":"turn things around inside the"},{"startTime":291.596,"endTime":294.746,"body":"blockchain to I don't know,"},{"startTime":291.596,"endTime":294.746,"body":"add an external level of ethics"},{"startTime":294.746,"endTime":296.456,"body":"or to stop all the nefarious."},{"startTime":297.476,"endTime":298.586,"body":"No, it's a very good point."},{"startTime":298.586,"endTime":301.396,"body":"And like you mentioned there,"},{"startTime":298.586,"endTime":301.396,"body":"we've seen so many mean, I"},{"startTime":301.396,"endTime":302.416,"body":"hate the mean coin thing."},{"startTime":302.416,"endTime":302.986,"body":"I really do."},{"startTime":302.986,"endTime":306.586,"body":"I've probably invested in two"},{"startTime":302.986,"endTime":306.586,"body":"mean coins in my life and lost"},{"startTime":306.586,"endTime":307.546,"body":"everything on both of them."},{"startTime":308.206,"endTime":313.426,"body":"But it is a, an aspect of"},{"startTime":308.206,"endTime":313.426,"body":"popular culture right now"},{"startTime":313.426,"endTime":314.626,"body":"that we just can't ignore."},{"startTime":315.031,"endTime":317.931,"body":"There was a I dunno whether"},{"startTime":315.031,"endTime":317.931,"body":"you saw the one fart coin"},{"startTime":317.931,"endTime":321.921,"body":"has a higher market cap"},{"startTime":317.931,"endTime":321.921,"body":"than 38% of all US equities."},{"startTime":321.921,"endTime":323.211,"body":"It's absolutely insane."},{"startTime":323.241,"endTime":326.391,"body":"And these are literal jokes,"},{"startTime":323.241,"endTime":326.391,"body":"literal ju but that's what"},{"startTime":326.391,"endTime":330.111,"body":"people are putting money into"},{"startTime":326.391,"endTime":330.111,"body":"The hawk to a girl brought out a"},{"startTime":330.111,"endTime":333.921,"body":"meme coin and essentially rugged"},{"startTime":330.111,"endTime":333.921,"body":"it within, an hour and then"},{"startTime":333.921,"endTime":335.301,"body":"denied it and stuff like that."},{"startTime":335.841,"endTime":337.731,"body":"I don't know personally, I"},{"startTime":335.841,"endTime":337.731,"body":"think anyone who's putting"},{"startTime":337.731,"endTime":339.081,"body":"money into a coin like that."},{"startTime":339.581,"endTime":341.651,"body":"It's absolutely"},{"startTime":339.581,"endTime":341.651,"body":"nothing but gambling."},{"startTime":341.681,"endTime":344.201,"body":"You really can't argue"},{"startTime":341.681,"endTime":344.201,"body":"any way around it."},{"startTime":344.231,"endTime":344.861,"body":"You know what I mean?"},{"startTime":344.861,"endTime":347.256,"body":"There's nothing more, you're"},{"startTime":344.861,"endTime":347.256,"body":"probably familiar with"},{"startTime":347.256,"endTime":350.046,"body":"Pomp Do Fun, which is the"},{"startTime":347.256,"endTime":350.046,"body":"platform that allows anyone"},{"startTime":350.046,"endTime":353.526,"body":"to launch a meme coin on"},{"startTime":350.046,"endTime":353.526,"body":"Solana like very quickly."},{"startTime":353.526,"endTime":356.751,"body":"And it's quite literally a"},{"startTime":353.526,"endTime":356.751,"body":"platform where if you prove"},{"startTime":356.751,"endTime":358.236,"body":"that your main coin has."},{"startTime":358.491,"endTime":361.851,"body":"Some, a liquidity and some"},{"startTime":358.491,"endTime":361.851,"body":"community and some sort"},{"startTime":361.851,"endTime":364.191,"body":"of hype behind it, and it"},{"startTime":361.851,"endTime":364.191,"body":"goes to a certain time."},{"startTime":364.191,"endTime":365.996,"body":"It rate it automatically."},{"startTime":366.266,"endTime":368.826,"body":"It gets launched on a decks"},{"startTime":366.266,"endTime":368.826,"body":"and then, people can trade"},{"startTime":368.826,"endTime":369.486,"body":"it and things like that."},{"startTime":369.486,"endTime":372.636,"body":"So thousands and thousands"},{"startTime":369.486,"endTime":372.636,"body":"of them are being launched"},{"startTime":372.636,"endTime":375.286,"body":"every day, but it's,"},{"startTime":372.636,"endTime":375.286,"body":"it, its, it's nothing."},{"startTime":375.976,"endTime":380.566,"body":"On the other hand, you mentioned"},{"startTime":375.976,"endTime":380.566,"body":"that everything gets branded"},{"startTime":380.616,"endTime":383.376,"body":"scam and things like that in"},{"startTime":380.616,"endTime":383.376,"body":"the world of crypto and Yeah."},{"startTime":383.736,"endTime":384.546,"body":"And you know what?"},{"startTime":384.896,"endTime":386.786,"body":"They're not necessarily"},{"startTime":384.896,"endTime":386.786,"body":"wrong 'cause there are"},{"startTime":386.786,"endTime":389.126,"body":"so many scams in crypto."},{"startTime":389.126,"endTime":392.246,"body":"I get them all the time"},{"startTime":389.126,"endTime":392.246,"body":"myself, people coming onto"},{"startTime":392.246,"endTime":395.186,"body":"me pretending to be investors"},{"startTime":392.246,"endTime":395.186,"body":"or anything like that."},{"startTime":395.246,"endTime":398.326,"body":"And it's ferocious and it's"},{"startTime":395.246,"endTime":398.326,"body":"because of the unregulated"},{"startTime":398.506,"endTime":400.066,"body":"nature of it for starters."},{"startTime":400.516,"endTime":403.366,"body":"And it's also because of the"},{"startTime":400.516,"endTime":403.366,"body":"fact that a lot of this stuff"},{"startTime":403.366,"endTime":405.886,"body":"is done very anonymously through"},{"startTime":403.366,"endTime":405.886,"body":"telegram and things like that."},{"startTime":406.366,"endTime":407.816,"body":"So it's, it's really hard."},{"startTime":407.816,"endTime":411.326,"body":"To come to question, yes, I"},{"startTime":407.816,"endTime":411.326,"body":"do think AI will play a better"},{"startTime":411.326,"endTime":413.066,"body":"part in trying to clean this up."},{"startTime":413.876,"endTime":418.316,"body":"And the reason is because"},{"startTime":413.876,"endTime":418.316,"body":"number one, AI is it's"},{"startTime":418.316,"endTime":419.306,"body":"getting very good now."},{"startTime":419.306,"endTime":422.066,"body":"We've passed the touring test"},{"startTime":419.306,"endTime":422.066,"body":"and it hasn't really seemed"},{"startTime":422.066,"endTime":425.156,"body":"to make any big waves or"},{"startTime":422.066,"endTime":425.156,"body":"anything like that, but AI"},{"startTime":425.156,"endTime":427.226,"body":"video is spectacularly good."},{"startTime":427.646,"endTime":431.046,"body":"Someone did an AI clone"},{"startTime":427.646,"endTime":431.046,"body":"of me, that you can talk"},{"startTime":431.046,"endTime":432.241,"body":"to with pop talk back."},{"startTime":432.831,"endTime":436.251,"body":"I'd say it'd probably fool"},{"startTime":432.831,"endTime":436.251,"body":"my mother, so it's actually"},{"startTime":436.251,"endTime":439.401,"body":"gonna bring on a crazy amount"},{"startTime":436.251,"endTime":439.401,"body":"of scams and stuff like that."},{"startTime":439.401,"endTime":443.421,"body":"So I believe that AI is"},{"startTime":439.401,"endTime":443.421,"body":"actually going to be, have"},{"startTime":443.421,"endTime":445.521,"body":"to be used to try and."},{"startTime":446.031,"endTime":448.431,"body":"Hold these things off now."},{"startTime":448.471,"endTime":450.841,"body":"One of the things that we do"},{"startTime":448.471,"endTime":450.841,"body":"is we create AI agents with"},{"startTime":450.841,"endTime":453.961,"body":"digital identities so they"},{"startTime":450.841,"endTime":453.961,"body":"have an actual identity."},{"startTime":454.231,"endTime":456.811,"body":"So you know, you can actually"},{"startTime":454.231,"endTime":456.811,"body":"trust it, it has a rating"},{"startTime":456.811,"endTime":459.721,"body":"and a reputation, et cetera,"},{"startTime":456.811,"endTime":459.721,"body":"and that's gonna have to"},{"startTime":459.721,"endTime":461.101,"body":"be the norm going forward."},{"startTime":461.491,"endTime":464.131,"body":"We're gonna have to have proof"},{"startTime":461.491,"endTime":464.131,"body":"of what is real and proof"},{"startTime":464.131,"endTime":466.351,"body":"of what is not, because very"},{"startTime":464.131,"endTime":466.351,"body":"soon it's just going to be"},{"startTime":466.351,"endTime":467.791,"body":"next to impossible to tap."},{"startTime":468.371,"endTime":470.681,"body":"I'm sure you've seen"},{"startTime":468.371,"endTime":470.681,"body":"projects like world Coin"},{"startTime":470.681,"endTime":472.661,"body":"and they're trying to"},{"startTime":470.681,"endTime":472.661,"body":"do proof of personhood."},{"startTime":473.021,"endTime":475.301,"body":"They're the guys with that"},{"startTime":473.021,"endTime":475.301,"body":"weird orb thing that scans"},{"startTime":475.301,"endTime":477.461,"body":"your eye, but they're actually"},{"startTime":475.301,"endTime":477.461,"body":"moving away from that now, and"},{"startTime":477.461,"endTime":480.341,"body":"they're just gonna do pretty"},{"startTime":477.461,"endTime":480.341,"body":"much standard KYC with a"},{"startTime":480.341,"endTime":481.841,"body":"passport or something like that."},{"startTime":482.331,"endTime":487.731,"body":"AI agents are going to be"},{"startTime":482.331,"endTime":487.731,"body":"digital workforce, a digital"},{"startTime":487.731,"endTime":490.641,"body":"sort of colleague where you're"},{"startTime":487.731,"endTime":490.641,"body":"gonna give it a task and it's"},{"startTime":490.641,"endTime":491.721,"body":"gonna go off and do that."},{"startTime":491.721,"endTime":494.311,"body":"And sometimes the task"},{"startTime":491.721,"endTime":494.311,"body":"might be five minutes or"},{"startTime":494.311,"endTime":496.621,"body":"maybe an hour, and sometimes"},{"startTime":494.311,"endTime":496.621,"body":"the task will be days."},{"startTime":497.011,"endTime":501.391,"body":"So these things are gonna get"},{"startTime":497.011,"endTime":501.391,"body":"extremely capable very quickly."},{"startTime":501.661,"endTime":504.061,"body":"It's gonna be practically"},{"startTime":501.661,"endTime":504.061,"body":"impossible to be"},{"startTime":504.061,"endTime":506.101,"body":"indistinguishable from"},{"startTime":504.061,"endTime":506.101,"body":"whether they're human or not."},{"startTime":506.491,"endTime":511.111,"body":"So we need a solution to be"},{"startTime":506.491,"endTime":511.111,"body":"able to prove without a shadow"},{"startTime":511.111,"endTime":515.471,"body":"of a doubt that this one is"},{"startTime":511.111,"endTime":515.471,"body":"an agent that is trustable,"},{"startTime":515.471,"endTime":518.506,"body":"this is a human being, and"},{"startTime":515.471,"endTime":518.506,"body":"it's Colin and this one over"},{"startTime":518.506,"endTime":519.436,"body":"here, we're not too sure."},{"startTime":519.436,"endTime":521.146,"body":"So you need to exercise caution."},{"startTime":523.861,"endTime":527.821,"body":"So the idea is to tie each"},{"startTime":523.861,"endTime":527.821,"body":"agent's identity to a position"},{"startTime":527.821,"endTime":531.211,"body":"on the blockchain so that it"},{"startTime":527.821,"endTime":531.211,"body":"can't pretend it's someone else."},{"startTime":531.616,"endTime":532.216,"body":"Exactly."},{"startTime":532.216,"endTime":532.516,"body":"Yeah."},{"startTime":532.566,"endTime":535.376,"body":"It can, that's where the magic"},{"startTime":532.566,"endTime":535.376,"body":"of the blockchain comes in."},{"startTime":535.506,"endTime":540.376,"body":"We've got this immutable ledger"},{"startTime":535.506,"endTime":540.376,"body":"where it's open but transparent"},{"startTime":540.376,"endTime":541.306,"body":"and no one can change it."},{"startTime":541.306,"endTime":544.306,"body":"So it needs to be on the"},{"startTime":541.306,"endTime":544.306,"body":"blockchain because that's the"},{"startTime":544.306,"endTime":546.586,"body":"only thing that we can know,"},{"startTime":544.306,"endTime":546.586,"body":"that once something is set in"},{"startTime":546.586,"endTime":547.906,"body":"stone, it can't be changed."},{"startTime":548.426,"endTime":551.276,"body":"It's the clear and obvious"},{"startTime":548.426,"endTime":551.276,"body":"solution to an awful lot"},{"startTime":551.276,"endTime":553.436,"body":"of the problems in ai, and"},{"startTime":551.276,"endTime":553.436,"body":"that's why I think, some of"},{"startTime":553.436,"endTime":555.746,"body":"the problems in AI and some"},{"startTime":553.436,"endTime":555.746,"body":"of the problems in blockchain"},{"startTime":556.166,"endTime":557.486,"body":"will really come together."},{"startTime":557.566,"endTime":559.366,"body":"To be perfectly solved together,"},{"startTime":561.436,"endTime":565.426,"body":"I worry, is that it requires"},{"startTime":561.436,"endTime":565.426,"body":"a sophisticated end user."},{"startTime":565.636,"endTime":566.536,"body":"So let's say."},{"startTime":567.556,"endTime":570.616,"body":"I'm someone who's gonna"},{"startTime":567.556,"endTime":570.616,"body":"talk to one of two agents."},{"startTime":570.646,"endTime":575.476,"body":"I have to know enough to"},{"startTime":570.646,"endTime":575.476,"body":"be able to detect which one"},{"startTime":575.476,"endTime":577.716,"body":"has the right blockchain"},{"startTime":575.476,"endTime":577.716,"body":"code and which one doesn't."},{"startTime":577.716,"endTime":579.606,"body":"Because we've all seen where"},{"startTime":577.716,"endTime":579.606,"body":"people have a website where they"},{"startTime":579.606,"endTime":582.996,"body":"just change one letter or they"},{"startTime":579.606,"endTime":582.996,"body":"use the same name, but they're"},{"startTime":582.996,"endTime":584.106,"body":"on a different blockchain."},{"startTime":584.106,"endTime":585.546,"body":"So there's a lot of"},{"startTime":584.106,"endTime":585.546,"body":"things that people can"},{"startTime":585.546,"endTime":587.886,"body":"still do to trick you."},{"startTime":587.886,"endTime":588.006,"body":"I get."},{"startTime":588.531,"endTime":590.631,"body":"Emails all the time"},{"startTime":588.531,"endTime":590.631,"body":"that are from like a"},{"startTime":590.631,"endTime":592.281,"body":"fake PayPal at website."},{"startTime":592.281,"endTime":592.491,"body":"Yeah."},{"startTime":592.791,"endTime":594.021,"body":"So those things still happen."},{"startTime":594.021,"endTime":597.201,"body":"So it's very easy if you just"},{"startTime":594.021,"endTime":597.201,"body":"switch one letter or you do the"},{"startTime":597.201,"endTime":600.711,"body":"number one instead of the letter"},{"startTime":597.201,"endTime":600.711,"body":"I for people to get misled."},{"startTime":601.101,"endTime":605.351,"body":"So how do we create a world"},{"startTime":601.101,"endTime":605.351,"body":"where the end user is going"},{"startTime":605.351,"endTime":608.231,"body":"through an interface or platform"},{"startTime":605.351,"endTime":608.231,"body":"or has something on their system"},{"startTime":608.231,"endTime":612.491,"body":"that's running this check to"},{"startTime":608.231,"endTime":612.491,"body":"see which are authorizations,"},{"startTime":612.491,"endTime":613.961,"body":"which are not because."},{"startTime":614.521,"endTime":616.081,"body":"I can tell you, like we"},{"startTime":614.521,"endTime":616.081,"body":"still haven't figured"},{"startTime":616.081,"endTime":617.181,"body":"out how to handle spam."},{"startTime":617.181,"endTime":619.281,"body":"Like how are we gonna handle"},{"startTime":617.181,"endTime":619.281,"body":"something more sophisticated if"},{"startTime":619.281,"endTime":622.091,"body":"we can't even do that with these"},{"startTime":619.281,"endTime":622.091,"body":"huge companies and detection?"},{"startTime":622.781,"endTime":623.711,"body":"It's a good point."},{"startTime":623.841,"endTime":624.651,"body":"It's a very good point."},{"startTime":624.701,"endTime":626.621,"body":"What I would say is that"},{"startTime":624.701,"endTime":626.621,"body":"one of the things we're"},{"startTime":626.621,"endTime":630.361,"body":"building as an AI agent, that"},{"startTime":626.621,"endTime":630.361,"body":"is your security manager."},{"startTime":630.511,"endTime":633.991,"body":"Essentially we have a number"},{"startTime":630.511,"endTime":633.991,"body":"of agents that do your crypto"},{"startTime":633.991,"endTime":636.831,"body":"research like a research"},{"startTime":633.991,"endTime":636.831,"body":"manager, a transaction"},{"startTime":636.831,"endTime":638.631,"body":"manager, and a risk manager."},{"startTime":639.061,"endTime":642.681,"body":"So it will make sure that,"},{"startTime":639.061,"endTime":642.681,"body":"when you're sending crypto,"},{"startTime":642.681,"endTime":645.681,"body":"that it's not to a, an"},{"startTime":642.681,"endTime":645.681,"body":"address known by a scammer."},{"startTime":646.011,"endTime":649.121,"body":"It'll make sure that you're"},{"startTime":646.011,"endTime":649.121,"body":"not putting the wrong chain"},{"startTime":649.121,"endTime":651.431,"body":"in there where it looks"},{"startTime":649.121,"endTime":651.431,"body":"like it's okay, but your"},{"startTime":651.431,"endTime":652.721,"body":"FI funds might get lost."},{"startTime":652.721,"endTime":654.131,"body":"And that has happened to me."},{"startTime":654.341,"endTime":656.021,"body":"And if it can happen to"},{"startTime":654.341,"endTime":656.021,"body":"me, you can add to anyone."},{"startTime":656.571,"endTime":659.211,"body":"If you imagine an agent that"},{"startTime":656.571,"endTime":659.211,"body":"will watch what you do all"},{"startTime":659.211,"endTime":663.541,"body":"the time and be very wary of"},{"startTime":659.211,"endTime":663.541,"body":"potential scams or anything like"},{"startTime":663.541,"endTime":666.451,"body":"that and warn you ahead of time,"},{"startTime":663.541,"endTime":666.451,"body":"that's where I see it going."},{"startTime":666.551,"endTime":668.771,"body":"Everyone's gonna have a"},{"startTime":666.551,"endTime":668.771,"body":"digital personal assistant"},{"startTime":668.801,"endTime":670.711,"body":"that is going to be amazing."},{"startTime":670.711,"endTime":670.771,"body":"I."},{"startTime":671.036,"endTime":673.106,"body":"It's gonna be like having"},{"startTime":671.036,"endTime":673.106,"body":"a virtual assistant who's"},{"startTime":673.106,"endTime":675.656,"body":"constantly reading all"},{"startTime":673.106,"endTime":675.656,"body":"your emails, listening to"},{"startTime":675.656,"endTime":677.696,"body":"all your calls, watching"},{"startTime":675.656,"endTime":677.696,"body":"all your web rising, knows"},{"startTime":677.696,"endTime":681.106,"body":"exactly what to do, tracking"},{"startTime":677.696,"endTime":681.106,"body":"everything where you go."},{"startTime":681.326,"endTime":683.396,"body":"Updating tasks, lists,"},{"startTime":681.326,"endTime":683.396,"body":"setting appointments,"},{"startTime":683.446,"endTime":685.786,"body":"taking care of all the"},{"startTime":683.446,"endTime":685.786,"body":"administration around your jobs."},{"startTime":685.786,"endTime":689.001,"body":"So when it comes to making"},{"startTime":685.786,"endTime":689.001,"body":"transactions, et cetera."},{"startTime":689.416,"endTime":691.486,"body":"Like we have a product,"},{"startTime":689.416,"endTime":691.486,"body":"it's called the transaction"},{"startTime":691.486,"endTime":692.296,"body":"execution engine."},{"startTime":692.386,"endTime":694.006,"body":"And it's like chat"},{"startTime":692.386,"endTime":694.006,"body":"PT for your wallet."},{"startTime":694.006,"endTime":696.796,"body":"So you can connect your wallet"},{"startTime":694.006,"endTime":696.796,"body":"and you can say, send a hundred"},{"startTime":696.796,"endTime":701.866,"body":"dollars of Ethereum to Jonathan"},{"startTime":696.796,"endTime":701.866,"body":"or bridge, my USDT onto polygon"},{"startTime":701.866,"endTime":703.006,"body":"and then send to my finance."},{"startTime":703.036,"endTime":705.436,"body":"It can understand the"},{"startTime":703.036,"endTime":705.436,"body":"various different steps"},{"startTime":705.436,"endTime":706.096,"body":"and it can do that."},{"startTime":706.606,"endTime":709.486,"body":"So by integrating that into"},{"startTime":706.606,"endTime":709.486,"body":"wallets, we're gonna be"},{"startTime":709.486,"endTime":711.556,"body":"able to add in a layer of"},{"startTime":709.486,"endTime":711.556,"body":"protection for customers."},{"startTime":713.146,"endTime":719.056,"body":"So one of the challenges of"},{"startTime":713.146,"endTime":719.056,"body":"agents in any form of AI is"},{"startTime":719.056,"endTime":722.086,"body":"that it adds this ability to be"},{"startTime":719.056,"endTime":722.086,"body":"socially engineered, which means"},{"startTime":722.086,"endTime":725.866,"body":"if I can trick your agent into"},{"startTime":722.086,"endTime":725.866,"body":"thinking that I'm you, I have"},{"startTime":725.866,"endTime":727.246,"body":"a new vector into your wallet."},{"startTime":727.246,"endTime":729.886,"body":"So we actually add this"},{"startTime":727.246,"endTime":729.886,"body":"new security vector."},{"startTime":730.486,"endTime":735.076,"body":"How can people approach"},{"startTime":730.486,"endTime":735.076,"body":"this different angle when it"},{"startTime":735.076,"endTime":736.156,"body":"makes things more convenient?"},{"startTime":736.156,"endTime":738.226,"body":"But there's always the"},{"startTime":736.156,"endTime":738.226,"body":"cha, the balance between"},{"startTime":738.226,"endTime":739.456,"body":"convenience and security."},{"startTime":740.356,"endTime":742.186,"body":"Yeah you're absolutely"},{"startTime":740.356,"endTime":742.186,"body":"right there."},{"startTime":742.216,"endTime":745.936,"body":"And one of the obvious ones is,"},{"startTime":742.216,"endTime":745.936,"body":"do you log in with a username"},{"startTime":745.936,"endTime":748.996,"body":"and password or do you log"},{"startTime":745.936,"endTime":748.996,"body":"in with your wallet access?"},{"startTime":749.146,"endTime":749.536,"body":"Okay."},{"startTime":749.926,"endTime":752.776,"body":"So obviously logging in with"},{"startTime":749.926,"endTime":752.776,"body":"wallet access is an awful lot"},{"startTime":752.776,"endTime":755.696,"body":"stronger because it really"},{"startTime":752.776,"endTime":755.696,"body":"shows that that's you, unless"},{"startTime":755.696,"endTime":758.486,"body":"you got your seat for a"},{"startTime":755.696,"endTime":758.486,"body":"stolen, you know that you are"},{"startTime":758.486,"endTime":759.561,"body":"never do anything about that."},{"startTime":760.091,"endTime":763.061,"body":"I mean there's a few companies"},{"startTime":760.091,"endTime":763.061,"body":"working on some interesting"},{"startTime":763.111,"endTime":766.411,"body":"ways around that, like face"},{"startTime":763.111,"endTime":766.411,"body":"verification, et cetera, on your"},{"startTime":766.411,"endTime":768.181,"body":"phone tho, those sort of things."},{"startTime":768.531,"endTime":770.991,"body":"Like you say, nothing is"},{"startTime":768.531,"endTime":770.991,"body":"completely impenetrable."},{"startTime":770.991,"endTime":773.481,"body":"You can only just do"},{"startTime":770.991,"endTime":773.481,"body":"what you can and then you"},{"startTime":773.481,"endTime":775.971,"body":"don't want to do so much"},{"startTime":773.481,"endTime":775.971,"body":"that it's just a complete"},{"startTime":775.971,"endTime":777.231,"body":"turnoff with the amount of."},{"startTime":777.891,"endTime":780.111,"body":"Passwords and logins"},{"startTime":777.891,"endTime":780.111,"body":"that you have to do."},{"startTime":780.451,"endTime":783.151,"body":"But that's the,"},{"startTime":780.451,"endTime":783.151,"body":"instead of trade off."},{"startTime":783.181,"endTime":785.581,"body":"Some of the bigger companies"},{"startTime":783.181,"endTime":785.581,"body":"are making it reasonably"},{"startTime":785.581,"endTime":787.981,"body":"straightforward, but do you"},{"startTime":785.581,"endTime":787.981,"body":"really want to trust your"},{"startTime":787.981,"endTime":791.011,"body":"money with them after the"},{"startTime":787.981,"endTime":791.011,"body":"FTX and Celsius, et cetera?"},{"startTime":791.011,"endTime":791.041,"body":"I"},{"startTime":793.051,"endTime":798.001,"body":"think that's the issue is that"},{"startTime":793.051,"endTime":798.001,"body":"every single scenario comes with"},{"startTime":798.001,"endTime":801.031,"body":"a great deal of risk, whether"},{"startTime":798.001,"endTime":801.031,"body":"you centralize it or whether"},{"startTime":801.031,"endTime":803.701,"body":"you decentralize it, there's."},{"startTime":804.151,"endTime":805.681,"body":"Massive amounts"},{"startTime":804.151,"endTime":805.681,"body":"of inherent risk."},{"startTime":805.681,"endTime":808.321,"body":"And this is why there's just"},{"startTime":805.681,"endTime":808.321,"body":"two categories of people."},{"startTime":808.321,"endTime":812.221,"body":"There's people that are dabbling"},{"startTime":808.321,"endTime":812.221,"body":"in the world of crypto and"},{"startTime":812.221,"endTime":815.371,"body":"people that are very much"},{"startTime":812.221,"endTime":815.371,"body":"still against it, very on the"},{"startTime":815.371,"endTime":819.961,"body":"outside because every store"},{"startTime":815.371,"endTime":819.961,"body":"you hear is, you could do"},{"startTime":819.961,"endTime":820.831,"body":"this, but then this can happen."},{"startTime":820.831,"endTime":822.211,"body":"You could do that, but"},{"startTime":820.831,"endTime":822.211,"body":"then this could happen."},{"startTime":822.811,"endTime":826.531,"body":"And we've even seen in the in"},{"startTime":822.811,"endTime":826.531,"body":"the finance space, a lot of"},{"startTime":826.531,"endTime":829.921,"body":"these companies that said they"},{"startTime":826.531,"endTime":829.921,"body":"were FTIC insured, it turns out."},{"startTime":830.551,"endTime":833.641,"body":"They weren't, and a lot of"},{"startTime":830.551,"endTime":833.641,"body":"money has disappeared because"},{"startTime":833.641,"endTime":835.561,"body":"they're all using synology,"},{"startTime":833.641,"endTime":835.561,"body":"and they were all using this"},{"startTime":836.161,"endTime":838.861,"body":"central company that was"},{"startTime":836.161,"endTime":838.861,"body":"handling the transactions"},{"startTime":838.861,"endTime":839.926,"body":"and then the ledger broke."},{"startTime":840.691,"endTime":843.851,"body":"And it's what you're all"},{"startTime":840.691,"endTime":843.851,"body":"these finance companies,"},{"startTime":843.971,"endTime":846.341,"body":"these online banks, suddenly"},{"startTime":843.971,"endTime":846.341,"body":"they go we thought our"},{"startTime":846.341,"endTime":847.241,"body":"money was stored there."},{"startTime":847.241,"endTime":848.531,"body":"And they go, we don't"},{"startTime":847.241,"endTime":848.531,"body":"know where the money is."},{"startTime":848.531,"endTime":850.901,"body":"So it's not FDIC insured"},{"startTime":848.531,"endTime":850.901,"body":"because it's been lost."},{"startTime":851.441,"endTime":852.911,"body":"We don't know whose"},{"startTime":851.441,"endTime":852.911,"body":"money's in which account."},{"startTime":852.911,"endTime":854.416,"body":"So it, there's always this."},{"startTime":855.076,"endTime":858.356,"body":"Even with companies, as soon"},{"startTime":855.076,"endTime":858.356,"body":"as you move away from it's"},{"startTime":858.356,"endTime":860.426,"body":"definitely my bank, it's"},{"startTime":858.356,"endTime":860.426,"body":"definitely FDIG and shared."},{"startTime":860.426,"endTime":862.136,"body":"As soon as you move away"},{"startTime":860.426,"endTime":862.136,"body":"from that, you had these"},{"startTime":862.406,"endTime":863.456,"body":"layers and layers of risk."},{"startTime":864.086,"endTime":868.316,"body":"And it still seems like even"},{"startTime":864.086,"endTime":868.316,"body":"though we can do some things"},{"startTime":868.316,"endTime":870.806,"body":"to defray the risk, we can't"},{"startTime":868.316,"endTime":870.806,"body":"completely eliminate the risk."},{"startTime":870.806,"endTime":874.446,"body":"And that most, it really"},{"startTime":870.806,"endTime":874.446,"body":"feels because there's no"},{"startTime":874.446,"endTime":877.211,"body":"actual asset, there's no"},{"startTime":874.446,"endTime":877.211,"body":"actual thing that anyone owns."},{"startTime":877.921,"endTime":878.531,"body":"It's all about."},{"startTime":879.691,"endTime":881.191,"body":"Getting there"},{"startTime":879.691,"endTime":881.191,"body":"before someone else."},{"startTime":881.221,"endTime":882.631,"body":"'cause you wanna be the"},{"startTime":881.221,"endTime":882.631,"body":"one left holding the back."},{"startTime":882.631,"endTime":884.761,"body":"'cause the last person there"},{"startTime":882.631,"endTime":884.761,"body":"is the one who gets there."},{"startTime":884.761,"endTime":886.801,"body":"When the value drops out,"},{"startTime":884.761,"endTime":886.801,"body":"when the rug gets pulled."},{"startTime":887.461,"endTime":889.381,"body":"And you just don't know."},{"startTime":889.381,"endTime":893.011,"body":"Like I understand that Bitcoin's"},{"startTime":889.381,"endTime":893.011,"body":"on a big run right now, but"},{"startTime":893.011,"endTime":895.321,"body":"that's, it's the people who"},{"startTime":893.011,"endTime":895.321,"body":"bought Bitcoin five years"},{"startTime":895.321,"endTime":896.401,"body":"ago that are enjoying that."},{"startTime":896.401,"endTime":898.141,"body":"Not the people who"},{"startTime":896.401,"endTime":898.141,"body":"bought it two days ago."},{"startTime":898.141,"endTime":898.201,"body":"Yeah."},{"startTime":898.831,"endTime":902.011,"body":"So for people who are"},{"startTime":898.831,"endTime":902.011,"body":"on the outside, it still"},{"startTime":902.011,"endTime":904.711,"body":"seems extremely risky."},{"startTime":904.711,"endTime":905.701,"body":"And as someone who."},{"startTime":906.751,"endTime":907.921,"body":"Is in the AI space."},{"startTime":907.921,"endTime":910.861,"body":"I want to separate the two"},{"startTime":907.921,"endTime":910.861,"body":"things because AI doesn't"},{"startTime":910.861,"endTime":914.521,"body":"have, there's such negative"},{"startTime":910.861,"endTime":914.521,"body":"reputation that comes with"},{"startTime":914.586,"endTime":918.546,"body":"the crypto and blockchain"},{"startTime":914.586,"endTime":918.546,"body":"elements that I almost would"},{"startTime":918.546,"endTime":920.046,"body":"rather separate the two things."},{"startTime":920.046,"endTime":921.546,"body":"I understand the core idea."},{"startTime":921.546,"endTime":925.656,"body":"I like the idea of you can add"},{"startTime":921.546,"endTime":925.656,"body":"a higher level of identification"},{"startTime":925.656,"endTime":928.416,"body":"for agents and that part seems"},{"startTime":925.656,"endTime":928.416,"body":"really cool, but it comes"},{"startTime":928.416,"endTime":931.136,"body":"with so much negative pr."},{"startTime":931.991,"endTime":934.601,"body":"That almost seems impossible to"},{"startTime":931.991,"endTime":934.601,"body":"overcome for the general user."},{"startTime":935.321,"endTime":937.091,"body":"So it's like there's such"},{"startTime":935.321,"endTime":937.091,"body":"a, you're starting at such"},{"startTime":937.091,"endTime":938.441,"body":"a negative perception."},{"startTime":938.741,"endTime":942.341,"body":"They, if it's a useful use case"},{"startTime":938.741,"endTime":942.341,"body":"because people have so abused"},{"startTime":943.061,"endTime":945.831,"body":"these different tools, even"},{"startTime":943.061,"endTime":945.831,"body":"saying everything's tracked on"},{"startTime":945.831,"endTime":946.881,"body":"the blockchain that people, I."},{"startTime":947.571,"endTime":950.211,"body":"Still seem to lose money all"},{"startTime":947.571,"endTime":950.211,"body":"the time and things disappear"},{"startTime":950.211,"endTime":952.491,"body":"and seem to disappear into"},{"startTime":950.211,"endTime":952.491,"body":"the blockchain all the time."},{"startTime":952.611,"endTime":955.191,"body":"They end up going one wallet"},{"startTime":952.611,"endTime":955.191,"body":"and they transfer to a million"},{"startTime":955.191,"endTime":956.931,"body":"wallets in a matter of seconds"},{"startTime":955.191,"endTime":956.931,"body":"and you can't follow it."},{"startTime":956.931,"endTime":958.881,"body":"So I'm not really sure."},{"startTime":959.031,"endTime":961.671,"body":"How do we overcome that"},{"startTime":959.031,"endTime":961.671,"body":"massive amount of perception,"},{"startTime":961.671,"endTime":963.981,"body":"or how do we eliminate"},{"startTime":961.671,"endTime":963.981,"body":"fraud within the blockchain?"},{"startTime":964.741,"endTime":967.106,"body":"We're still very"},{"startTime":964.741,"endTime":967.106,"body":"early in this game."},{"startTime":967.316,"endTime":967.736,"body":"Okay."},{"startTime":967.736,"endTime":969.146,"body":"It's still very immature."},{"startTime":969.176,"endTime":971.456,"body":"I think when it comes"},{"startTime":969.176,"endTime":971.456,"body":"to Bitcoin, yeah."},{"startTime":971.636,"endTime":973.376,"body":"Bitcoin's on a run right"},{"startTime":971.636,"endTime":973.376,"body":"now, and it has been"},{"startTime":973.376,"endTime":974.576,"body":"for some time because."},{"startTime":975.311,"endTime":977.861,"body":"It's got a level of"},{"startTime":975.311,"endTime":977.861,"body":"institutional adoption now"},{"startTime":977.861,"endTime":980.411,"body":"where everyone knows it's"},{"startTime":977.861,"endTime":980.411,"body":"not going to zero anymore."},{"startTime":980.461,"endTime":984.271,"body":"Even last cycle, you could"},{"startTime":980.461,"endTime":984.271,"body":"probably have argued that"},{"startTime":984.271,"endTime":986.731,"body":"it does have a significant"},{"startTime":984.271,"endTime":986.731,"body":"possibility of everyone"},{"startTime":986.731,"endTime":988.921,"body":"just going, no, this isn't"},{"startTime":986.731,"endTime":988.921,"body":"gonna work, and abandon it."},{"startTime":989.281,"endTime":993.091,"body":"But now you've got, Trump"},{"startTime":989.281,"endTime":993.091,"body":"rumor to be issuing a"},{"startTime":993.271,"endTime":995.041,"body":"Bitcoin strategic reserve."},{"startTime":995.331,"endTime":998.541,"body":"Literally today, the FASB"},{"startTime":995.331,"endTime":998.541,"body":"accounting rule changed."},{"startTime":998.826,"endTime":1002.426,"body":"You've got a MicroStrategy and"},{"startTime":998.826,"endTime":1002.426,"body":"a number of other companies"},{"startTime":1002.426,"endTime":1006.561,"body":"operating a Bitcoin strategy,"},{"startTime":1002.426,"endTime":1006.561,"body":"treasury strategy, and"},{"startTime":1006.561,"endTime":1009.771,"body":"becoming the most successful"},{"startTime":1006.561,"endTime":1009.771,"body":"stocks on the stock market."},{"startTime":1009.771,"endTime":1010.971,"body":"So it can't really be ignored."},{"startTime":1010.971,"endTime":1014.251,"body":"Now, what's next that I"},{"startTime":1010.971,"endTime":1014.251,"body":"really expect here is the"},{"startTime":1014.251,"endTime":1017.011,"body":"big banks and financial"},{"startTime":1014.251,"endTime":1017.011,"body":"institutions to do custody."},{"startTime":1017.456,"endTime":1019.946,"body":"And so that means that"},{"startTime":1017.456,"endTime":1019.946,"body":"you can have your Bitcoin,"},{"startTime":1020.186,"endTime":1021.356,"body":"your bank will hold it."},{"startTime":1021.386,"endTime":1024.266,"body":"It'll be as simple as being"},{"startTime":1021.386,"endTime":1024.266,"body":"part of your bank account,"},{"startTime":1024.266,"endTime":1026.606,"body":"and you won't have to worry"},{"startTime":1024.266,"endTime":1026.606,"body":"about any of your private"},{"startTime":1026.606,"endTime":1027.776,"body":"keys and things like that."},{"startTime":1028.226,"endTime":1030.656,"body":"And then that's when the"},{"startTime":1028.226,"endTime":1030.656,"body":"real sort of mainstream"},{"startTime":1030.656,"endTime":1031.556,"body":"adoption will hop."},{"startTime":1031.556,"endTime":1035.576,"body":"So imagine locking in that with"},{"startTime":1031.556,"endTime":1035.576,"body":"a sort of authentication layer"},{"startTime":1035.576,"endTime":1037.736,"body":"into some of your applications."},{"startTime":1038.016,"endTime":1040.986,"body":"The big problem about Web3 is"},{"startTime":1038.016,"endTime":1040.986,"body":"that everyone's too focused on"},{"startTime":1040.986,"endTime":1044.036,"body":"the technology and they're not"},{"startTime":1040.986,"endTime":1044.036,"body":"focused on providing a better"},{"startTime":1044.036,"endTime":1046.766,"body":"user experience or solving"},{"startTime":1044.036,"endTime":1046.766,"body":"problems for the end users."},{"startTime":1047.006,"endTime":1048.356,"body":"That's what software is about."},{"startTime":1048.816,"endTime":1051.296,"body":"But they're far too concentrated"},{"startTime":1048.816,"endTime":1051.296,"body":"on the under tech 'cause they're"},{"startTime":1051.296,"endTime":1052.586,"body":"basically allowed in nerds."},{"startTime":1052.991,"endTime":1056.201,"body":"And I think that is gonna mature"},{"startTime":1052.991,"endTime":1056.201,"body":"over the next little while where"},{"startTime":1056.201,"endTime":1059.571,"body":"people realize that, if I want"},{"startTime":1056.201,"endTime":1059.571,"body":"really mass adoption here, I"},{"startTime":1059.571,"endTime":1064.161,"body":"need to forget about showing off"},{"startTime":1059.571,"endTime":1064.161,"body":"the inner workings of my app and"},{"startTime":1064.161,"endTime":1067.621,"body":"focus on, what is this doing for"},{"startTime":1064.161,"endTime":1067.621,"body":"the average person that would"},{"startTime":1067.621,"endTime":1071.636,"body":"make me them want to use my, my,"},{"startTime":1067.621,"endTime":1071.636,"body":"my app and what sort of problems"},{"startTime":1071.636,"endTime":1075.386,"body":"am I solving or how am I making"},{"startTime":1071.636,"endTime":1075.386,"body":"an existing process easier?"},{"startTime":1075.986,"endTime":1077.776,"body":"Because, there's a"},{"startTime":1075.986,"endTime":1077.776,"body":"million different."},{"startTime":1078.436,"endTime":1081.646,"body":"Various use cases for"},{"startTime":1078.436,"endTime":1081.646,"body":"blockchain and there's tens of"},{"startTime":1081.646,"endTime":1084.196,"body":"thousands of different coins"},{"startTime":1081.646,"endTime":1084.196,"body":"all sitting out there trying"},{"startTime":1084.196,"endTime":1085.486,"body":"to solve different problems."},{"startTime":1085.936,"endTime":1088.386,"body":"But, at the end of the day,"},{"startTime":1085.936,"endTime":1088.386,"body":"remittance is the big one."},{"startTime":1088.776,"endTime":1091.896,"body":"Be it Bitcoin or be it stable"},{"startTime":1088.776,"endTime":1091.896,"body":"coins, just the ability to"},{"startTime":1092.196,"endTime":1095.526,"body":"almost in, instantly send"},{"startTime":1092.196,"endTime":1095.526,"body":"value across the planet in"},{"startTime":1095.526,"endTime":1096.936,"body":"a permissionless manner."},{"startTime":1097.186,"endTime":1099.946,"body":"Without, no one can stop"},{"startTime":1097.186,"endTime":1099.946,"body":"you and you don't need"},{"startTime":1099.946,"endTime":1101.116,"body":"an intermediary is a."},{"startTime":1102.076,"endTime":1103.656,"body":"A pretty massive deal."},{"startTime":1103.656,"endTime":1107.356,"body":"Now, us in the first world,"},{"startTime":1103.656,"endTime":1107.356,"body":"we're used to PayPal and Zen"},{"startTime":1107.361,"endTime":1110.806,"body":"and Venmo and things like that,"},{"startTime":1107.361,"endTime":1110.806,"body":"if you live in Burkina Faso,"},{"startTime":1110.836,"endTime":1113.086,"body":"you don't have that luxury."},{"startTime":1113.356,"endTime":1115.666,"body":"Plus your government"},{"startTime":1113.356,"endTime":1115.666,"body":"might just, devalue your"},{"startTime":1115.666,"endTime":1117.346,"body":"currency by 10 x overnight."},{"startTime":1117.896,"endTime":1122.726,"body":"So having this incredible"},{"startTime":1117.896,"endTime":1122.726,"body":"technology that lets anyone"},{"startTime":1122.726,"endTime":1125.336,"body":"with a mobile phone send"},{"startTime":1122.726,"endTime":1125.336,"body":"money around the world in"},{"startTime":1125.336,"endTime":1129.326,"body":"kind of seconds for pennies is"},{"startTime":1125.336,"endTime":1129.326,"body":"unbelievable and really key."},{"startTime":1129.326,"endTime":1130.646,"body":"And I think we need"},{"startTime":1129.326,"endTime":1130.646,"body":"to build from there."},{"startTime":1131.096,"endTime":1133.286,"body":"There's a lot of bitcoin"},{"startTime":1131.096,"endTime":1133.286,"body":"DEFRA projects building on"},{"startTime":1133.286,"endTime":1135.836,"body":"top of that, and then there's"},{"startTime":1133.286,"endTime":1135.836,"body":"all sorts of other gaps."},{"startTime":1135.836,"endTime":1139.586,"body":"So my point is that when we"},{"startTime":1135.836,"endTime":1139.586,"body":"add AI into this and make"},{"startTime":1139.586,"endTime":1142.106,"body":"the usability significantly"},{"startTime":1139.586,"endTime":1142.106,"body":"easier, where you have an"},{"startTime":1142.106,"endTime":1144.596,"body":"agent that you can just talk"},{"startTime":1142.106,"endTime":1144.596,"body":"to and it can talk back to you."},{"startTime":1144.956,"endTime":1146.186,"body":"You have a conversation with it."},{"startTime":1146.186,"endTime":1149.036,"body":"You don't know how to click"},{"startTime":1146.186,"endTime":1149.036,"body":"this, go through there, figure"},{"startTime":1149.036,"endTime":1151.376,"body":"out the workflow, just go, this"},{"startTime":1149.036,"endTime":1151.376,"body":"is what I wanna do and this is"},{"startTime":1151.376,"endTime":1152.846,"body":"my end result, and it'll happen."},{"startTime":1154.826,"endTime":1159.356,"body":"So the original concept"},{"startTime":1154.826,"endTime":1159.356,"body":"behind Bitcoin was to have,"},{"startTime":1159.906,"endTime":1163.326,"body":"an economy that wasn't a tie"},{"startTime":1159.906,"endTime":1163.326,"body":"to any single government."},{"startTime":1163.946,"endTime":1166.796,"body":"And the idea was I'll"},{"startTime":1163.946,"endTime":1166.796,"body":"buy things with Bitcoin."},{"startTime":1166.826,"endTime":1168.626,"body":"I'll go to the store and"},{"startTime":1166.826,"endTime":1168.626,"body":"use Bitcoin instead of"},{"startTime":1168.626,"endTime":1169.976,"body":"dollars or instead of pesos."},{"startTime":1169.976,"endTime":1171.986,"body":"So you can go to any country"},{"startTime":1169.976,"endTime":1171.986,"body":"and have universal currency,"},{"startTime":1171.986,"endTime":1176.816,"body":"but it's turned from a currency"},{"startTime":1171.986,"endTime":1176.816,"body":"into an asset in the sense that"},{"startTime":1176.816,"endTime":1180.086,"body":"people don't buy Bitcoin to use."},{"startTime":1180.461,"endTime":1183.221,"body":"They buy it to hold and"},{"startTime":1180.461,"endTime":1183.221,"body":"hopefully it goes up in value"},{"startTime":1183.221,"endTime":1186.551,"body":"in the same way that Tulips"},{"startTime":1183.221,"endTime":1186.551,"body":"did in the Netherlands a couple"},{"startTime":1186.551,"endTime":1189.101,"body":"hundred years ago, in that it's"},{"startTime":1186.551,"endTime":1189.101,"body":"become a, it's rather, it's not"},{"startTime":1189.101,"endTime":1191.681,"body":"to give the tulip, it's to hold"},{"startTime":1189.101,"endTime":1191.681,"body":"it and hope it goes up in value."},{"startTime":1192.521,"endTime":1195.971,"body":"And we've now changed from this"},{"startTime":1192.521,"endTime":1195.971,"body":"idea of a decentralized currency"},{"startTime":1195.971,"endTime":1200.591,"body":"to, it's an investible asset,"},{"startTime":1195.971,"endTime":1200.591,"body":"and that mindset shift is moved"},{"startTime":1200.591,"endTime":1201.701,"body":"away from that original idea."},{"startTime":1201.701,"endTime":1204.131,"body":"Like I've heard this idea"},{"startTime":1201.701,"endTime":1204.131,"body":"about remittance for a long"},{"startTime":1204.131,"endTime":1205.901,"body":"time and yet we've been"},{"startTime":1204.131,"endTime":1205.901,"body":"talking about it for 10 years."},{"startTime":1205.901,"endTime":1207.251,"body":"But has it happened?"},{"startTime":1207.761,"endTime":1210.731,"body":"They tried it in El Salvador"},{"startTime":1207.761,"endTime":1210.731,"body":"where they said, we're gonna"},{"startTime":1210.731,"endTime":1212.411,"body":"put Bitcoin ATMs everywhere."},{"startTime":1212.411,"endTime":1213.911,"body":"We're gonna make it"},{"startTime":1212.411,"endTime":1213.911,"body":"a national currency."},{"startTime":1213.911,"endTime":1217.481,"body":"We're gonna give everyone $10 in"},{"startTime":1213.911,"endTime":1217.481,"body":"Bitcoin, which nail Salvador is"},{"startTime":1217.691,"endTime":1219.431,"body":"a lot of money to take the app."},{"startTime":1219.431,"endTime":1222.191,"body":"Everyone used the app, took"},{"startTime":1219.431,"endTime":1222.191,"body":"the money, transferred it"},{"startTime":1222.191,"endTime":1224.081,"body":"to their currency, and then"},{"startTime":1222.191,"endTime":1224.081,"body":"never used the app again."},{"startTime":1224.561,"endTime":1226.421,"body":"So like when they attempted"},{"startTime":1224.561,"endTime":1226.421,"body":"to use it in a country"},{"startTime":1226.421,"endTime":1228.281,"body":"that has this issue and."},{"startTime":1229.766,"endTime":1232.436,"body":"The issue is that Bitcoin's"},{"startTime":1229.766,"endTime":1232.436,"body":"a super volatile currency."},{"startTime":1232.436,"endTime":1233.306,"body":"Imagine right?"},{"startTime":1233.306,"endTime":1236.246,"body":"If all of your, you were"},{"startTime":1233.306,"endTime":1236.246,"body":"paid in Bitcoin, right?"},{"startTime":1236.666,"endTime":1238.676,"body":"And it's some days it's"},{"startTime":1236.666,"endTime":1238.676,"body":"worth a little, it goes up"},{"startTime":1238.676,"endTime":1240.266,"body":"and down in value so much."},{"startTime":1240.266,"endTime":1242.006,"body":"'cause it's such a"},{"startTime":1240.266,"endTime":1242.006,"body":"speculative currency, it"},{"startTime":1242.006,"endTime":1243.326,"body":"doesn't have stability."},{"startTime":1243.866,"endTime":1247.106,"body":"And when we try to launch stable"},{"startTime":1243.866,"endTime":1247.106,"body":"coins, they fluctuate so much."},{"startTime":1247.106,"endTime":1250.256,"body":"Like we haven't ever achieved"},{"startTime":1247.106,"endTime":1250.256,"body":"a coin or a digital currency"},{"startTime":1250.256,"endTime":1251.306,"body":"that people would actually."},{"startTime":1251.876,"endTime":1255.626,"body":"Buy and sell with because it"},{"startTime":1251.876,"endTime":1255.626,"body":"stays stable long enough, like"},{"startTime":1255.626,"endTime":1258.406,"body":"as much as there's inflation and"},{"startTime":1255.626,"endTime":1258.406,"body":"other currencies go up and down."},{"startTime":1258.676,"endTime":1261.616,"body":"And certainly there's"},{"startTime":1258.676,"endTime":1261.616,"body":"countries where the currencies,"},{"startTime":1261.646,"endTime":1263.116,"body":"10,000 that goes crazy."},{"startTime":1263.116,"endTime":1265.576,"body":"But in most of the Western"},{"startTime":1263.116,"endTime":1265.576,"body":"world, we don't have that"},{"startTime":1265.576,"endTime":1267.736,"body":"high level of inflation"},{"startTime":1265.576,"endTime":1267.736,"body":"or deflationary cycles."},{"startTime":1267.736,"endTime":1270.826,"body":"But how do we create"},{"startTime":1267.736,"endTime":1270.826,"body":"a, like a currency that"},{"startTime":1270.826,"endTime":1272.056,"body":"people would actually."},{"startTime":1272.716,"endTime":1274.816,"body":"Feel comfortable storing"},{"startTime":1272.716,"endTime":1274.816,"body":"in their bank account."},{"startTime":1274.816,"endTime":1277.246,"body":"Like the issue with"},{"startTime":1274.816,"endTime":1277.246,"body":"Bitcoin is it's gonna"},{"startTime":1277.246,"endTime":1278.566,"body":"go up but not forever."},{"startTime":1278.566,"endTime":1281.716,"body":"Like eventually not in,"},{"startTime":1278.566,"endTime":1281.716,"body":"it's not infinite, right?"},{"startTime":1281.716,"endTime":1284.476,"body":"Eventually the value will"},{"startTime":1281.716,"endTime":1284.476,"body":"drop out 'cause either"},{"startTime":1284.476,"endTime":1287.506,"body":"everyone will own it or"},{"startTime":1284.476,"endTime":1287.506,"body":"everyone will stop wanting"},{"startTime":1287.506,"endTime":1288.556,"body":"or will stop being trendy."},{"startTime":1288.556,"endTime":1291.406,"body":"So is it possible to"},{"startTime":1288.556,"endTime":1291.406,"body":"create a currency that."},{"startTime":1291.961,"endTime":1295.351,"body":"Has this kind of stability"},{"startTime":1291.961,"endTime":1295.351,"body":"without it becoming centralized."},{"startTime":1295.351,"endTime":1296.881,"body":"Because it seems like now"},{"startTime":1295.351,"endTime":1296.881,"body":"we're moving towards, we"},{"startTime":1296.881,"endTime":1298.921,"body":"want regulation, we want"},{"startTime":1296.881,"endTime":1298.921,"body":"centralization, we want"},{"startTime":1298.921,"endTime":1300.721,"body":"the government involved,"},{"startTime":1298.921,"endTime":1300.721,"body":"we want banking involved."},{"startTime":1300.721,"endTime":1302.791,"body":"And it's there are two"},{"startTime":1300.721,"endTime":1302.791,"body":"opposite forces that are"},{"startTime":1302.791,"endTime":1303.811,"body":"pulling against each other."},{"startTime":1303.811,"endTime":1303.871,"body":"I."},{"startTime":1305.371,"endTime":1308.101,"body":"Well, Bitcoin is the only"},{"startTime":1305.371,"endTime":1308.101,"body":"thing that is really,"},{"startTime":1308.101,"endTime":1311.941,"body":"truly decentralized because"},{"startTime":1308.101,"endTime":1311.941,"body":"there is no Bitcoin CEO"},{"startTime":1311.941,"endTime":1314.491,"body":"or marketing department"},{"startTime":1311.941,"endTime":1314.491,"body":"or anything like that."},{"startTime":1314.491,"endTime":1317.301,"body":"It is, it was put out there"},{"startTime":1314.491,"endTime":1317.301,"body":"into the wild it runs."},{"startTime":1317.301,"endTime":1318.681,"body":"No one can control it."},{"startTime":1318.681,"endTime":1321.171,"body":"Turn it off, take it"},{"startTime":1318.681,"endTime":1321.171,"body":"over, anything like that."},{"startTime":1321.711,"endTime":1322.941,"body":"It's backed by energy."},{"startTime":1323.001,"endTime":1327.171,"body":"It's backed by something"},{"startTime":1323.001,"endTime":1327.171,"body":"like 500 XA hash, which is"},{"startTime":1327.531,"endTime":1329.811,"body":"more computing power than"},{"startTime":1327.531,"endTime":1329.811,"body":"if you add up all the data"},{"startTime":1329.811,"endTime":1331.191,"body":"centers behind Amazon."},{"startTime":1331.291,"endTime":1332.851,"body":"Facebook and AWS."},{"startTime":1332.881,"endTime":1335.491,"body":"Okay, so that is the"},{"startTime":1332.881,"endTime":1335.491,"body":"most secure network."},{"startTime":1335.491,"endTime":1338.131,"body":"It hasn't had a second of"},{"startTime":1335.491,"endTime":1338.131,"body":"downtime in more than 10 years."},{"startTime":1338.701,"endTime":1341.071,"body":"It is volatile because"},{"startTime":1338.701,"endTime":1341.071,"body":"again, like anything,"},{"startTime":1341.071,"endTime":1343.501,"body":"it's still early, but with"},{"startTime":1341.071,"endTime":1343.501,"body":"volatility comes energy,"},{"startTime":1343.651,"endTime":1344.791,"body":"and that's what it's energy."},{"startTime":1344.851,"endTime":1346.951,"body":"And to listen to Michael"},{"startTime":1344.851,"endTime":1346.951,"body":"Saylor talk about this."},{"startTime":1347.561,"endTime":1351.026,"body":"What he does is he trades on the"},{"startTime":1347.561,"endTime":1351.026,"body":"energy and gains yield from it."},{"startTime":1351.716,"endTime":1356.026,"body":"It is extremely volatile"},{"startTime":1351.716,"endTime":1356.026,"body":"'cause it's had five, massive"},{"startTime":1356.026,"endTime":1360.476,"body":"drawdowns because when the"},{"startTime":1356.026,"endTime":1360.476,"body":"liquidity is low and a lot of"},{"startTime":1360.476,"endTime":1362.216,"body":"people sell it absolutely dumps."},{"startTime":1362.756,"endTime":1366.296,"body":"But now when we've got nation"},{"startTime":1362.756,"endTime":1366.296,"body":"states buying it and, massive"},{"startTime":1366.296,"endTime":1369.056,"body":"funds and the ETFs and"},{"startTime":1366.296,"endTime":1369.056,"body":"things like that, which the"},{"startTime":1369.416,"endTime":1372.956,"body":"Bitcoin, ETF from BlackRock,"},{"startTime":1369.416,"endTime":1372.956,"body":"ibit, and the others were."},{"startTime":1373.516,"endTime":1376.576,"body":"Orders of magnitude more"},{"startTime":1373.516,"endTime":1376.576,"body":"successful than any other one."},{"startTime":1376.576,"endTime":1379.146,"body":"They, it got to the same as"},{"startTime":1376.576,"endTime":1379.146,"body":"gold in less than a year, and"},{"startTime":1379.146,"endTime":1380.796,"body":"gold took 13 years to get there."},{"startTime":1381.006,"endTime":1381.366,"body":"Okay?"},{"startTime":1382.026,"endTime":1384.726,"body":"Yes, Bitcoin started off"},{"startTime":1382.026,"endTime":1384.726,"body":"as, peer-to-peer cash, et"},{"startTime":1384.726,"endTime":1387.366,"body":"cetera, but it very quickly"},{"startTime":1384.726,"endTime":1387.366,"body":"became a store of value."},{"startTime":1387.426,"endTime":1388.836,"body":"And the reason is because."},{"startTime":1389.576,"endTime":1392.876,"body":"We all knew about inflation for"},{"startTime":1389.576,"endTime":1392.876,"body":"years, but we haven't really"},{"startTime":1392.876,"endTime":1397.826,"body":"massively experienced it up"},{"startTime":1392.876,"endTime":1397.826,"body":"until the last few years where"},{"startTime":1397.826,"endTime":1400.946,"body":"we see the incredible amount"},{"startTime":1397.826,"endTime":1400.946,"body":"of money printing going on,"},{"startTime":1401.366,"endTime":1404.456,"body":"and we realize that what's"},{"startTime":1401.366,"endTime":1404.456,"body":"the point of a currency if it"},{"startTime":1404.456,"endTime":1407.706,"body":"doesn't have any real value"},{"startTime":1404.456,"endTime":1407.706,"body":"because they're just printing."},{"startTime":1407.756,"endTime":1411.686,"body":"40% of all dollars were printed"},{"startTime":1407.756,"endTime":1411.686,"body":"in the last couple of years."},{"startTime":1412.346,"endTime":1415.796,"body":"So when they can just make"},{"startTime":1412.346,"endTime":1415.796,"body":"money up out of thin air for"},{"startTime":1416.096,"endTime":1419.276,"body":"endless wars and bailing out"},{"startTime":1416.096,"endTime":1419.276,"body":"the banks and things like that,"},{"startTime":1419.816,"endTime":1420.956,"body":"something else was needed."},{"startTime":1420.956,"endTime":1422.516,"body":"And that is a harder currency."},{"startTime":1422.516,"endTime":1425.456,"body":"And when I say a harder currency"},{"startTime":1422.516,"endTime":1425.456,"body":"means harder to create more"},{"startTime":1425.816,"endTime":1430.376,"body":"because Bitcoin is literally the"},{"startTime":1425.816,"endTime":1430.376,"body":"only asset out there where the"},{"startTime":1430.376,"endTime":1432.536,"body":"supply, the issuance is fixed."},{"startTime":1432.936,"endTime":1437.391,"body":"So it gets it is set from"},{"startTime":1432.936,"endTime":1437.391,"body":"here till a hundred years,"},{"startTime":1437.391,"endTime":1438.651,"body":"and you cannot change that."},{"startTime":1439.101,"endTime":1442.101,"body":"It's done by a process of"},{"startTime":1439.101,"endTime":1442.101,"body":"mining, as and if you double,"},{"startTime":1442.101,"endTime":1445.881,"body":"triple, quadruple the mining,"},{"startTime":1442.101,"endTime":1445.881,"body":"instantly it would speed it"},{"startTime":1445.881,"endTime":1448.281,"body":"up for 10 minutes and then the"},{"startTime":1445.881,"endTime":1448.281,"body":"difficulty adjustment comes"},{"startTime":1448.281,"endTime":1451.101,"body":"in, it'll bring it back down"},{"startTime":1448.281,"endTime":1451.101,"body":"so you can't create more of it."},{"startTime":1451.161,"endTime":1454.431,"body":"And that is why people"},{"startTime":1451.161,"endTime":1454.431,"body":"then finally realized,"},{"startTime":1454.431,"endTime":1455.271,"body":"hang on a second."},{"startTime":1455.576,"endTime":1459.506,"body":"This is actually going to be a"},{"startTime":1455.576,"endTime":1459.506,"body":"far better store of value than"},{"startTime":1459.506,"endTime":1461.336,"body":"gold or than fiat currency."},{"startTime":1461.336,"endTime":1465.416,"body":"So it became that you are right"},{"startTime":1461.336,"endTime":1465.416,"body":"in the fact that no, you can't,"},{"startTime":1465.416,"endTime":1469.526,"body":"go into Burger King in most"},{"startTime":1465.416,"endTime":1469.526,"body":"places and buy with Bitcoin."},{"startTime":1470.286,"endTime":1473.416,"body":"But I think I have it here."},{"startTime":1473.596,"endTime":1476.416,"body":"There, I have one of"},{"startTime":1473.596,"endTime":1476.416,"body":"these, it's credit card."},{"startTime":1476.506,"endTime":1478.726,"body":"I just got it the other day"},{"startTime":1476.506,"endTime":1478.726,"body":"and I put my credit, I could"},{"startTime":1478.726,"endTime":1481.936,"body":"put my Bitcoin on there and I"},{"startTime":1478.726,"endTime":1481.936,"body":"go into any place that accepts"},{"startTime":1481.936,"endTime":1485.296,"body":"MasterCard and I pay and it"},{"startTime":1481.936,"endTime":1485.296,"body":"takes my Bitcoin and it's done."},{"startTime":1485.296,"endTime":1488.771,"body":"So that sort of problem has"},{"startTime":1485.296,"endTime":1488.771,"body":"been solved because do we really"},{"startTime":1488.771,"endTime":1492.286,"body":"want to go and try and force,"},{"startTime":1488.771,"endTime":1492.286,"body":"I don't know, tens of millions"},{"startTime":1492.286,"endTime":1496.036,"body":"of vendors around the world to"},{"startTime":1492.286,"endTime":1496.036,"body":"change and update their, pOS"},{"startTime":1496.036,"endTime":1498.976,"body":"systems, et cetera, or do you"},{"startTime":1496.036,"endTime":1498.976,"body":"just wanna create Bitcoin credit"},{"startTime":1498.976,"endTime":1500.896,"body":"cards where everyone has one?"},{"startTime":1500.896,"endTime":1503.056,"body":"You can put your balance"},{"startTime":1500.896,"endTime":1503.056,"body":"on there and you can spend"},{"startTime":1503.056,"endTime":1506.266,"body":"it any time, but you can"},{"startTime":1503.056,"endTime":1506.266,"body":"also send it to each other,"},{"startTime":1506.316,"endTime":1509.316,"body":"via your phone, via the"},{"startTime":1506.316,"endTime":1509.316,"body":"Lightning Network in seconds"},{"startTime":1509.316,"endTime":1510.576,"body":"or via the normal network."},{"startTime":1510.946,"endTime":1512.116,"body":"The whole point of."},{"startTime":1512.531,"endTime":1515.891,"body":"Bitcoin is that it enables"},{"startTime":1512.531,"endTime":1515.891,"body":"extremely large amounts of money"},{"startTime":1515.891,"endTime":1517.121,"body":"to be sent around the world."},{"startTime":1517.121,"endTime":1519.361,"body":"You wanna send a hundred"},{"startTime":1517.121,"endTime":1519.361,"body":"million dollars worth of gold"},{"startTime":1519.361,"endTime":1522.601,"body":"around the place, you'll need a"},{"startTime":1519.361,"endTime":1522.601,"body":"police escort in a massive van."},{"startTime":1522.601,"endTime":1524.731,"body":"And with Bitcoin it's"},{"startTime":1522.601,"endTime":1524.731,"body":"as easy as sending $10."},{"startTime":1527.851,"endTime":1528.511,"body":"Yeah, it makes sense."},{"startTime":1528.511,"endTime":1531.361,"body":"It's just, I wonder about,"},{"startTime":1528.511,"endTime":1531.361,"body":"the original core concept was"},{"startTime":1531.361,"endTime":1534.151,"body":"decentralization, which is"},{"startTime":1531.361,"endTime":1534.151,"body":"like no government involvement,"},{"startTime":1534.151,"endTime":1536.641,"body":"which is, no one's watching"},{"startTime":1534.151,"endTime":1536.641,"body":"what you do with your money,"},{"startTime":1537.001,"endTime":1538.921,"body":"but actually because it's"},{"startTime":1537.001,"endTime":1538.921,"body":"on a ledger, everyone can"},{"startTime":1538.921,"endTime":1539.791,"body":"see where the money's going."},{"startTime":1540.061,"endTime":1542.701,"body":"And just these two opposite"},{"startTime":1540.061,"endTime":1542.701,"body":"forces, like the idea of a"},{"startTime":1542.701,"endTime":1545.461,"body":"Bitcoin credit card to me,"},{"startTime":1542.701,"endTime":1545.461,"body":"seems the opposite of the"},{"startTime":1545.461,"endTime":1548.551,"body":"original thesis, which was a"},{"startTime":1545.461,"endTime":1548.551,"body":"currency where the government"},{"startTime":1548.551,"endTime":1550.651,"body":"can't see what you're up to,"},{"startTime":1548.551,"endTime":1550.651,"body":"where you have total freedom."},{"startTime":1550.931,"endTime":1554.471,"body":"It's like a form of digital"},{"startTime":1550.931,"endTime":1554.471,"body":"freedom, but obviously"},{"startTime":1554.471,"endTime":1554.891,"body":"I don't think it was"},{"startTime":1554.891,"endTime":1556.751,"body":"that they can't see"},{"startTime":1554.891,"endTime":1556.751,"body":"what they're up to."},{"startTime":1556.751,"endTime":1558.556,"body":"It's that they,"},{"startTime":1556.751,"endTime":1558.556,"body":"it's permissionless."},{"startTime":1558.586,"endTime":1561.941,"body":"It's that there's no"},{"startTime":1558.586,"endTime":1561.941,"body":"person in between who"},{"startTime":1561.941,"endTime":1562.961,"body":"can stop this happening."},{"startTime":1563.171,"endTime":1563.501,"body":"Okay."},{"startTime":1563.501,"endTime":1566.111,"body":"And there's been so many"},{"startTime":1563.501,"endTime":1566.111,"body":"cases of this lately."},{"startTime":1566.111,"endTime":1568.691,"body":"In Canada they had the"},{"startTime":1566.111,"endTime":1568.691,"body":"truckers and they shut down"},{"startTime":1568.691,"endTime":1569.741,"body":"all their bank accounts."},{"startTime":1570.211,"endTime":1573.361,"body":"I dunno whether you saw"},{"startTime":1570.211,"endTime":1573.361,"body":"mark Andreessen from A 16 Z"},{"startTime":1573.361,"endTime":1577.951,"body":"recently said that there's"},{"startTime":1573.361,"endTime":1577.951,"body":"been 30 major tech CEOs who've"},{"startTime":1577.951,"endTime":1579.391,"body":"been Deb banked recently."},{"startTime":1579.691,"endTime":1581.431,"body":"They've just completely"},{"startTime":1579.691,"endTime":1581.431,"body":"shut them down."},{"startTime":1581.431,"endTime":1583.441,"body":"And when you get debunked."},{"startTime":1583.926,"endTime":1586.386,"body":"There's no one you can"},{"startTime":1583.926,"endTime":1586.386,"body":"really go to for help."},{"startTime":1586.386,"endTime":1587.826,"body":"You're completely screwed."},{"startTime":1587.826,"endTime":1590.746,"body":"And that's not a place, we"},{"startTime":1587.826,"endTime":1590.746,"body":"believe in freedom of speech,"},{"startTime":1590.746,"endTime":1592.096,"body":"but what about freedom of money?"},{"startTime":1592.456,"endTime":1595.386,"body":"And Bitcoin is the freedom"},{"startTime":1592.456,"endTime":1595.386,"body":"of money because you can then"},{"startTime":1595.386,"endTime":1597.996,"body":"transact with anyone else and"},{"startTime":1595.386,"endTime":1597.996,"body":"no one can actually stop you."},{"startTime":1598.456,"endTime":1602.426,"body":"Do we want it to be"},{"startTime":1598.456,"endTime":1602.426,"body":"completely anonymous so no"},{"startTime":1602.426,"endTime":1603.986,"body":"one can see any transaction?"},{"startTime":1604.436,"endTime":1604.826,"body":"I don't know."},{"startTime":1604.826,"endTime":1607.826,"body":"I think that'd be worse"},{"startTime":1604.826,"endTime":1607.826,"body":"because Bitcoin did get the bad"},{"startTime":1607.826,"endTime":1612.566,"body":"reputation at the very beginning"},{"startTime":1607.826,"endTime":1612.566,"body":"for a currency, for criminals"},{"startTime":1612.566,"endTime":1615.356,"body":"and for transacting on the"},{"startTime":1612.566,"endTime":1615.356,"body":"silk road and things like that."},{"startTime":1615.356,"endTime":1619.196,"body":"But, if you were to go and do"},{"startTime":1615.356,"endTime":1619.196,"body":"that today, they could trace it"},{"startTime":1619.196,"endTime":1622.016,"body":"back to you, if they found your"},{"startTime":1619.196,"endTime":1622.016,"body":"phone and they found your seed"},{"startTime":1622.016,"endTime":1623.991,"body":"phrase and then your wallet,"},{"startTime":1622.016,"endTime":1623.991,"body":"and then they're gonna see where"},{"startTime":1623.991,"endTime":1625.731,"body":"any of those transactions go."},{"startTime":1626.046,"endTime":1627.096,"body":"That wouldn't be very good."},{"startTime":1627.096,"endTime":1629.426,"body":"So it's probably not"},{"startTime":1627.096,"endTime":1629.426,"body":"the greatest currency"},{"startTime":1629.426,"endTime":1631.526,"body":"to be used for anyone."},{"startTime":1631.526,"endTime":1634.286,"body":"What is the biggest"},{"startTime":1631.526,"endTime":1634.286,"body":"currency used in nefarious"},{"startTime":1634.286,"endTime":1635.866,"body":"contact or by criminals?"},{"startTime":1635.866,"endTime":1636.826,"body":"It's the US dollar."},{"startTime":1641.251,"endTime":1643.231,"body":"Yeah, I guess it's just there's"},{"startTime":1643.231,"endTime":1645.421,"body":"a lot of moving parts where"},{"startTime":1643.231,"endTime":1645.421,"body":"it's like moving from one"},{"startTime":1645.421,"endTime":1646.531,"body":"reputation to another."},{"startTime":1646.531,"endTime":1648.631,"body":"First, you're right, it was"},{"startTime":1646.531,"endTime":1648.631,"body":"the reputation of using it to"},{"startTime":1648.631,"endTime":1652.621,"body":"buy naughty stuff, and now it"},{"startTime":1648.631,"endTime":1652.621,"body":"has a reputation of using it to"},{"startTime":1652.621,"endTime":1653.911,"body":"take advantage of other people."},{"startTime":1653.911,"endTime":1656.611,"body":"And it's like this reputational"},{"startTime":1653.911,"endTime":1656.611,"body":"thing is like the big challenge"},{"startTime":1657.271,"endTime":1659.281,"body":"because we get caught up in"},{"startTime":1657.271,"endTime":1659.281,"body":"a lot of these hype cycles."},{"startTime":1659.281,"endTime":1661.471,"body":"Everyone thought NFTs are"},{"startTime":1659.281,"endTime":1661.471,"body":"gonna be the greatest asset."},{"startTime":1662.176,"endTime":1664.486,"body":"And then it turned"},{"startTime":1662.176,"endTime":1664.486,"body":"out to be not true."},{"startTime":1664.726,"endTime":1665.566,"body":"And so there's a lot."},{"startTime":1665.566,"endTime":1668.836,"body":"And then everyone thought NFT"},{"startTime":1665.566,"endTime":1668.836,"body":"games or blockchain games or"},{"startTime":1668.836,"endTime":1671.296,"body":"you can make a living playing"},{"startTime":1668.836,"endTime":1671.296,"body":"a blockchain video game and"},{"startTime":1671.296,"endTime":1672.726,"body":"it's if you, soon as you"},{"startTime":1671.296,"endTime":1672.726,"body":"hear blockchain in front of"},{"startTime":1672.726,"endTime":1674.686,"body":"a video game, you just know"},{"startTime":1672.726,"endTime":1674.686,"body":"it's oh, not fun video game."},{"startTime":1674.686,"endTime":1678.586,"body":"It's like there's no fun"},{"startTime":1674.686,"endTime":1678.586,"body":"like game in a casino, right?"},{"startTime":1678.946,"endTime":1679.756,"body":"The money wasn't there."},{"startTime":1679.756,"endTime":1681.136,"body":"No one would play any"},{"startTime":1679.756,"endTime":1681.136,"body":"of the slot machines."},{"startTime":1681.136,"endTime":1682.396,"body":"If they were fun, they"},{"startTime":1681.136,"endTime":1682.396,"body":"wouldn't need that."},{"startTime":1682.396,"endTime":1683.146,"body":"You would pay to play it."},{"startTime":1684.981,"endTime":1685.431,"body":"A casino."},{"startTime":1685.431,"endTime":1688.791,"body":"So I do think this is a big"},{"startTime":1685.431,"endTime":1688.791,"body":"issue and I think it's very"},{"startTime":1688.791,"endTime":1690.141,"body":"interesting, the idea of using."},{"startTime":1691.156,"endTime":1694.636,"body":"The se finding usefulness in"},{"startTime":1691.156,"endTime":1694.636,"body":"the security elements are just"},{"startTime":1694.636,"endTime":1697.726,"body":"very challenging because there's"},{"startTime":1694.636,"endTime":1697.726,"body":"constantly being launched, new"},{"startTime":1697.726,"endTime":1699.226,"body":"coins and so much information."},{"startTime":1699.226,"endTime":1702.106,"body":"It's hard to separate the signal"},{"startTime":1699.226,"endTime":1702.106,"body":"from the noise, but I think this"},{"startTime":1702.106,"endTime":1704.206,"body":"has been really helpful for a"},{"startTime":1702.106,"endTime":1704.206,"body":"lot of people who are really"},{"startTime":1704.206,"endTime":1706.456,"body":"interested in AI and seeing"},{"startTime":1704.206,"endTime":1706.456,"body":"how it's starting to touch"},{"startTime":1706.456,"endTime":1708.316,"body":"on the border of blockchain."},{"startTime":1708.316,"endTime":1710.386,"body":"For people who wanna know more"},{"startTime":1708.316,"endTime":1710.386,"body":"about you and are interested"},{"startTime":1710.386,"endTime":1712.306,"body":"in the projects you're working"},{"startTime":1710.386,"endTime":1712.306,"body":"on and wanna see what you're"},{"startTime":1712.306,"endTime":1715.006,"body":"doing to add a new layer of"},{"startTime":1712.306,"endTime":1715.006,"body":"security element to AI agents,"},{"startTime":1715.276,"endTime":1716.506,"body":"where can people find out"},{"startTime":1715.276,"endTime":1716.506,"body":"what you're doing and see"},{"startTime":1716.506,"endTime":1717.196,"body":"what you're doing online?"},{"startTime":1718.066,"endTime":1718.336,"body":"Cool."},{"startTime":1718.336,"endTime":1720.586,"body":"My main platform is"},{"startTime":1718.336,"endTime":1720.586,"body":"LinkedIn, so if you wanna"},{"startTime":1720.586,"endTime":1722.826,"body":"search for me, Colin"},{"startTime":1720.586,"endTime":1722.826,"body":"Fitzpatrick I'm on LinkedIn."},{"startTime":1722.826,"endTime":1726.006,"body":"I post almost every day,"},{"startTime":1722.826,"endTime":1726.006,"body":"got like 20 K followers"},{"startTime":1726.056,"endTime":1728.856,"body":"post a lot of stuff about"},{"startTime":1726.056,"endTime":1728.856,"body":"ai, blockchain bitcoin,"},{"startTime":1728.886,"endTime":1730.176,"body":"all sorts of Web3 stuff."},{"startTime":1730.176,"endTime":1731.616,"body":"So yeah, follow me there."},{"startTime":1731.616,"endTime":1732.756,"body":"The company's called Griffin"},{"startTime":1732.756,"endTime":1735.426,"body":"ai, so it's griffin ai.io"},{"startTime":1732.756,"endTime":1735.426,"body":"and we're on all the"},{"startTime":1735.426,"endTime":1736.656,"body":"social platforms as well."},{"startTime":1736.656,"endTime":1740.136,"body":"So yeah, please follow along"},{"startTime":1736.656,"endTime":1740.136,"body":"and happy to take any questions."},{"startTime":1740.946,"endTime":1741.246,"body":"Awesome."},{"startTime":1741.246,"endTime":1743.196,"body":"I'll make sure to put all those"},{"startTime":1741.246,"endTime":1743.196,"body":"links in the show notes and"},{"startTime":1743.196,"endTime":1744.096,"body":"below the video on YouTube."},{"startTime":1744.096,"endTime":1745.266,"body":"Thank you so much for"},{"startTime":1744.096,"endTime":1745.266,"body":"being here, Colin."},{"startTime":1745.266,"endTime":1747.996,"body":"This has been another amazing"},{"startTime":1745.266,"endTime":1747.996,"body":"episode of the Artificial"},{"startTime":1747.996,"endTime":1749.136,"body":"Intelligence Podcast."},{"startTime":1749.856,"endTime":1750.096,"body":"Thanks."},{"startTime":1750.326,"endTime":1752.726,"body":"Thanks for listening to today's"},{"startTime":1750.326,"endTime":1752.726,"body":"episode starting with ai."},{"startTime":1752.726,"endTime":1753.476,"body":"It can be Scary."},{"startTime":1753.806,"endTime":1756.236,"body":"ChatGPT Profits is not only"},{"startTime":1753.806,"endTime":1756.236,"body":"a bestseller, but also the"},{"startTime":1756.236,"endTime":1758.846,"body":"Missing Instruction Manual"},{"startTime":1756.236,"endTime":1758.846,"body":"to make Mastering Chat,"},{"startTime":1758.846,"endTime":1762.416,"body":"GBTA Breeze bypass the hard"},{"startTime":1758.846,"endTime":1762.416,"body":"stuff and get straight to"},{"startTime":1762.416,"endTime":1764.156,"body":"success with chat g profits."},{"startTime":1764.216,"endTime":1766.556,"body":"As always, I would love"},{"startTime":1764.216,"endTime":1766.556,"body":"for you to support the show"},{"startTime":1766.556,"endTime":1768.626,"body":"by paying full price on"},{"startTime":1766.556,"endTime":1768.626,"body":"Amazon, but you can get it"},{"startTime":1768.626,"endTime":1772.166,"body":"absolutely free for a limited"},{"startTime":1768.626,"endTime":1772.166,"body":"time@artificialintelligencepod.com"},{"startTime":1772.706,"endTime":1773.606,"body":"slash gift."},{"startTime":1774.173,"endTime":1776.003,"body":"Thank you for listening to"},{"startTime":1774.173,"endTime":1776.003,"body":"this week's episode of the"},{"startTime":1776.003,"endTime":1777.743,"body":"Artificial Intelligence Podcast."},{"startTime":1777.743,"endTime":1780.443,"body":"Make sure to subscribe so you"},{"startTime":1777.743,"endTime":1780.443,"body":"never miss another episode."},{"startTime":1780.443,"endTime":1782.573,"body":"We'll be back next Monday"},{"startTime":1780.443,"endTime":1782.573,"body":"with more tips and tactics"},{"startTime":1782.573,"endTime":1784.913,"body":"on how to leverage AI"},{"startTime":1782.573,"endTime":1784.913,"body":"to escape that rat race."},{"startTime":1785.123,"endTime":1787.463,"body":"Head over to artificial"},{"startTime":1785.123,"endTime":1787.463,"body":"intelligence pod.com now"},{"startTime":1787.463,"endTime":1788.483,"body":"to see past episodes."},{"startTime":1788.483,"endTime":1790.973,"body":"Leave, review and check"},{"startTime":1788.483,"endTime":1790.973,"body":"out all of our socials."}]}