[Music]
hey everyone um it's going to be a talk
about how we actually can use ethereum
uh to build not just great things but
really uh good things for the uh
humanity and I have today roughly uh 50
slides and 20 minutes so it's going to
be really fun um so if there's something
that you like um you have to be very
quick to take a picture um and I know
tonight it's going to be raav so um I'm
trying to and I'm the last uh speaker
here uh today so I'm trying to be as
efficient as as possible so you can all
have uh your discone app in later today
before
a
um it's really interesting question is
is that what is Force for good so why
what kind of things create positive
outputs for um for the society for the
community and and and humanity and I
personally been building here uh in the
ethereum um Community for the past uh
seven years and I started by building uh
mainly as a hobby and experimentation
while I was still in in University um in
Helsinki Finland when where I'm from um
a project that started really just by uh
enthusias enthusiasm and became um one
of the biggest um defi protocols uh in
our space and hopefully a technology
that is going to be used by everyone and
I think the same way across all these
protocols that we're building here
together um now and in the future um and
ethereum is fascinating because it's a
really open design science bace so you
can really build anything um but the key
ingredients is that how you put things
together in a way that it creates the
output that is beneficial uh for
everyone in overall when you think about
um technology um and and the purpose of
technology and what it really uh helps
um it's about actually lifting the the
standards of of of living um in our
communities and and in in wider uh
Society so when we go back in history
and look at all these technological
innovations that we've we've seen um and
and they typically tend to compound so
let's say um there's innovation in um
Electronics um that compounds different
types of uh new innovation if there's
Innovation that enables the internet uh
you have applications and you have
access and and that's a compounding uh
innovation
but also in the flip side of the coin is
that technology can also uh do a lot of
harm if it's designed in a wrong way um
or without the certain values as well so
um technology can actually also create
um unequal access information asymmetry
um the more you actually know the better
um execution and the better
opportunities you can you can have it
can create uh worker displacements uh
pollution um and increase the climate uh
change so technology always um is really
neutral to the outputs and it's up to
really the people behind uh that are
building the technology to decide what's
the outputs are going to
be so these interest Technologies are
built in a way that they're accessible
and open and a big question remains is
that can these Technologies be uh a
force of good that actually can uh lift
up the the society and and
Humanity
um I believe that ethereum is is is a
really powerful uh set of
Technology especially because not purely
from the technical perspective but also
the choices we have made um as a
community being able to build on open
sour Source stock ensures
accessibility open contributions um and
actually access to to building these
protocols and and networks in in a way
um uh for ourselves uh to live in in
that future um as
well and the very interesting idea about
decentralization is that it really
removes the central point of failure or
um gatekeeping that we've been trusting
uh in society for for centuries um now
so this is something interesting
obviously the internet itself has been
built um by relying on decentralized
Technologies so we have IP protocol
HTTP um different email protocols and
and then the ethernet uh protocol um so
the actual internet itself has been
built in in a decent just way but over
time um became more centralized and open
internet has fostered a lot of
Innovations uh over the years and that
Innovation is just accelerating uh over
time and this centralization um started
more recently and and I would say more
two decades uh for now um even though
the actual original architecture was was
more decentralized and and I think what
happened here is that humans um and and
people who were using the internet
wanted more accessibility wanted
everything at the same time it's an open
environment to build but at the same
time we sacrificed uh ownership over um
or use experience over over
ownership and I think truly after a
couple of decades actually living
building on
online um we started to
effectively gravitate towards these
interest Technologies like the
blockchain and and ethereum
specifically because that can actually
be a game changer you can bring a lot of
those that decentralization uh into your
application Level and bring open
protocols uh into the everyday uh
application
interfaces
um and really main thing about the
safeguards is is that what we can
provide is is effectively rules over
data ownership data sharing neutrality
openness and and security and security
here uh effectively means the security
that the the ethereum as a network
provides for different types of
applications that have really core um
functionality whether it's Finance or
other types of uh use cases and ethereum
by itself uh by its design is censorship
resistance and obviously that's a
spectrum than anything else because
sensorship resistance depends on
actually the the um rules we're setting
uh around ethereum and how we actually
prevent uh centralization within the
existing rules how ethereum operates but
it also ensures individual
Freedom effectively for developers to
express with code and and build things
that makes uh a better
society and it enables uh programmable
trusters agreements and I think one of
the biggest uh challenges today is that
every day we actually are relying um
upon agreements so when we walk on the
street we have a agreement um social
agreement economical agreement legal
agreement that for example at certain
point during the day in the evening um
there's going to be lights on the street
um we're trusting when we open the
faucets um in our kitchens that there's
going to be water um we have other types
of agreements between people uh that are
based on on on different kinds of norms
or legal agreements as well and ethereum
provides this ability to actually
formalize rules that can actually be
really good for everyone
this is interesting to think about um
when we compare something like how
ethereum and the blockchain has
progressed um over the um years and and
compare it to
something something like the the
internet progression I think even before
going that we started pretty much with
the most basic type of uh functionality
moving value across different users and
and trying to create trying to tackle
one of the most
centralized most centralized
um aspect of it which is which is the uh
value movements and and finance and over
time obviously as we had a programmable
machine the ethereum virtual machine we
were able to actually program different
kinds of function functionalities that
are that go beyond uh moving funds from
one account to another so some of you
who been uh in the space for uh years
now remember the days of icos
when Capital allocation um and capital
formation was was done in an open uh way
in in based on ideas that could funded
um a lot of interesting Innovation
happened there there and a lot of things
that didn't work and that mimics pretty
much how internet started there was lot
of ideas where um that sounded really
interesting but then eventually didn't
work and at the same time there were
ideas that actually worked and and
became success stories of the whole
internet era and now I think we're
moving towards uh a phase where um we're
starting to validate uh lot of the ideas
that actually work on chain um
decentralized Finance is is one good
example where we have a decentralized
financial protocols that are functioning
well providing High utility and at the
same time are making also revenue and
are organized uh in decentralized
organizations which is really
fascinating U concept and I think we're
moving towards a path where we have
scalability and we can actually move
towards more consumer facing
level so obviously ethereum isn't uh
perfect um it never will be because we
have a lot of programmers here we have a
lot of contributors that are constantly
innovating and the world is constantly
changing and that's the challenge of
ethereum to keeping up with things that
we learn on on the way and also figuring
out how ethereum actually um progresses
and and improves over time as we
learn but one thing is really important
to realize is is that with scalability
and ethereum transaction costs going
down with with scaling uh whether it's
L2 or the improvements in the actual
main architecture on Main net we can
achieve um scale of economics in the
sense that the more of these transaction
costs are going down we'll see more
actually adoption of the technology and
this happens uh in every uh industry as
the technology
progresses obviously l2s is a really
great example of finding a solution how
ethereum could actually
scale in a way where we're focusing on
getting transaction cost to a minimum
and opening the doors to a new types of
uh applications and this is just one
kind of like a main scaling strategy uh
that we're seeing at the moment we we're
seeing also alternative blockchains and
it's always kind of like uh interesting
to put yourself um an ethereum in
competition to other um networks and
other opportunities that are there to to
either to use or build and I think
competition in general is is is healthy
um it creates inspiration and and and
creates more um
Innovation but the main thing why also
we are here because we're maybe thinking
that ethereum has an advantage some
something that doesn't exist somewhere
else and I truly believe in that
so first of all I think ethereum has the
best developer Community ever and I've
been part of developer communities
outside of the web3 uh in in web3 um and
there's nowhere else so much of energy
that really wants to move the space
forward innovate and actually create
something good for for the
people there's obviously aspect of being
a battle tested Network in the sense
that ethereum has gone ups and downs and
has actually um been progressing on on
scalability but also learn over the time
what actually what path to take uh in
the future and there's ongoing
improvements these improvements haven't
are something that we don't see every
day necessarily but there's a lot of
work that actually goes into the
ethereum um ecosystem and infrastructure
improvements over time and I think more
more importantly there is a commitment
to decentralization um as well
and I would say that first applications
were a lot related to finance because
that was obviously very straightforward
use case as blockchains in the first
place were trying to solve a Financial
uh problem and for me personally um I
basically moved uh into Finland uh in my
'90s
um I grew up there uh it was a big
recession back in the days and lot of
unemployment Capital dried up and I grew
up in a society where basically you
could feel in families the pain of lack
of access to finance um and just
economical uh depression and for me
building Financial protocols that create
accessibility transparency and mitigates
what actually Banks can do today as a
centralized Authority has been very
important to
me but good question remains on how do
we make Financial systems accessible uh
to everyone because we know that there
might be still access to finance uh in
Europe and in the Wern world but when we
look at the whole landscape globally um
we still have quite a big number of
unbanked and unbank is a team that
always um circulates across the um
onchain Innovation because ethereum um
has this unique opportunity where you
basically need an internet connection in
a device and you pretty much have a uh
distribution of of uh value at that
point
and I think there's been a lot of
progress that we have to celebrate as
well especially in the space of stable
coins as they minimize geographical
disadvantages especially in countries
where there there's a lot of uh
inflation Argentina where recently
visited and turkey and and lot of other
countries and remittances are still a
big topic to solve when we compare
traditional banking uh we look at what
stable coins can actually offer
that's going to be a big U area that's
going to move forward rwa as is a way to
actually put value on chain that has
been maybe really difficult um to
achieve and and and maybe borrow against
uh or monetize and that's going to be a
big um category
um and social media I think there is a
lot of people using social and this is a
very interesting topic and close to me
as well with lens um especially because
centralized uh platforms own all the
data and and the connectivity and
there's no ownership at the moment while
all the users are creating actually the
the
value um onchain puts people first so
everyone has a social capital they
should be able to own it you should be
able to access protocols without
middlemen we actually have technology
that can provide true access and fair
access and and transparency as
well there's definitely other sectors
that we haven't touch upon um supply
chain is very interesting there's still
27 million people in slave labor at the
moment there's a lot that we can do in
agriculture carbon
credits and of course importantly when
you're thinking about building and use
cases
there's a lot of values that you can
actually tackle um there's obviously 16
areas that you can focus and these are
the sustainability goals from un um in
most cases if you're building already on
chain you actually tackling some of
these
values question if we are moving too
slowly when you compare to the adoption
of of the
internet you can actually see that the
the growth that is happening now on
and within the ethereum ecosystem um is
actually in line how we're growing with
online uh there's little bit of
differences there but there is
significant growth happening even if you
don't feel it every day we
have we are still very small compared to
the bigger pie of the internet users as
active users on chain in terms of
developers compared to the main Web Two
world but to grow actually from here
onwards events like these are perfect
because we're welcoming more developers
into ethereum and build more and
expand and there's challenges when you
come and build learning a new technology
smart contracts um the technology moves
fast tools are moving fast Dows are very
um un you think there's not many models
we're still very early in the space and
there's so much to do actually there's
so much to do so much to build and
contribute and ux is a big bottleneck so
for ux we have to do a lot and I think
this is the time as we have solved
scalability and progressed uh quite a
lot on that aspect being able to have
good U act and build good applications
that are on chain is is going to be the
next chapter
so where we are in the progress of of uh
adoption I think we're somewhere in the
middle in terms of the usage if we
compare it to the time as Internet
started to grow it doesn't feel that
it's moving fast but we're growing
there's more and more users and Builders
uh in the
space poly Market is an interesting
example as well where you can build
something that is actually really
valuable in terms of uh information and
can predict we're able to predict
election results uh on
chain we can build anything it's just
about how we imagine and think about
it and I think we're in this moment
because we want to shape the future
where we want to live in and we're just
getting started it's very early I've
been here for seven years and I feel
that there's there's still two decades
just to build every fundamental
infrastructure and accessibility for
users thank
[Applause]
you thank you stany that was wonderful
lots to think about Okay so we've got
three minutes for some questions what is
the code so the code is Force for good
[Laughter]
[Applause]
okay as a developer sometimes is
haunting to tackle the adoption
challenge what are the baby steps we
should take if we make Financial tools
that Mak use of crypto and apply it to
our
community I think you should always
start from the user and and actually how
you can help by building a product I
think when I was building
on on ethereum and and and even a little
bit of today it started from a lot of
the technology side the protocol aspect
but I think today if I will build
something new I will start from a
product and a and actually what how we
can solve a users
problem
okay yeah what's the avara end game how
do you want to
[Music]
it's gone hang
on okay let's go to the top
one how can we protect defi from
unhealthy incentives schemes uh and
continue growing it as a better
Financial
system I think it really depends
obviously on what we're building in
overall incentives are extremely good
way of Distributing ownership of a
system
that can be governed by a community uh
with the said rules in the community
transparently that's a big valid
proposition that is why the a DA uh
exist or the sky da exist or Lio da
exist because they're able to create
these rules and actually benefit the
community and build better outcomes uh
effectively I
think incentives come when there is
actually a meaningful Traction in a in a
protocol Market fit and that's the place
where incentives are more interesting
where it's more about decentralizing a
valuable infrastructure that has
actually High utility on chain and the
another question about the avaras
endgame so obviously we started with um
within a Labs building Defi and the a
protocol um our ing game with avara is
to build a people powered internet we
think that blockchain is as a technology
it's use case neutral meaning that we
will see Financial use cases um but also
ethereum is going to be used for
non-financial use cases as well and
avara is something that provides access
to that infrastructure and these use
cases with family and extends with with
defy with a and go and and in Social uh
with
lens cool 25 seconds as a developer
sometimes is haunting to tackle uh oh
we've done that one haven't we yes as a
builder of both Network consumer apps
and protocols what's your view on
scaling improving on
L okay I got it yeah so let's call it a
day I give up okay we're just about
finished now I think scaling should be a
really kind of like a open-ended uh
space so you should be able we should be
able to see scaling happening within the
main architecture of ethereum in in
mainnet I think there should be a lot of
innovation happening which is going to
going to happen um but scaling also
should happen on these l2s specifically
and we should keep exploring new ideas
and and ways to scale Beyond uh what we
know today and this is a ever ending
research topic where uh developers can
actually uh contribute I do think that
we should apply the exact amount of
security that we need based on the use
case D5 for example might need the
highest security where social might need
uh the least amount of uh security but
some security to enable guarantees for
the users okay we're out of time thank
you very much Danny big round of
applause awesome thank you
[Applause]