yeah it's very interesting that DEFCON
is in a giant shopping more it kind of
represent the peak end of crypto burner
culture yeah I I was in Syria for almost
three years and I was part of the
administration approving technology
projects or region of five million
people and I was like oh this is a great
opportunity to be able to deploy
cryptocurrency on a national scale and I
went to contact different Bitcoin
organizations and most of them were not
interested you know you know like they
then there's a lot of really silly
projects that people are focused on and
it was very hard to get people to pay
attention to any kind of a big big
market opportunity for deploying
cryptocurrency on a national scale so
that's when I kind of realized that
there is a money market and a lot of
this rhetoric and the way it's used is
as a tool to you know
advance interests and there's like a
machine where the money is going through
and you know the this rhetoric is used
to bring the fish along for the ride and
skim off the top from them and the
second point is is when I started to
think about okay how would I deploy
cryptocurrency on a national scale you
know like the software that I need the
hardware that I need the infrastructure
that I need I realized that none of that
exists currently like nobody is working
on this stuff you know it's all very
provincial small you know personal
devices and small consumer projects
nobody is really thinking on a large gun
the opportunity that is available to us
but you know there there is another
group or there was another group that
was interested about about big
economical projects and this group that
group was Isis
and what they actually did is they
minted their own gold and silver backed
currency which was an area that was
basically most of half of Iraq and Syria
they they minted their own gold and
silver backed currency because they
wanted to challenge the hegemony of the
US financial power and I have one of the
coins here
that's a genuine mices silver dirham
which was the main currency of the state
that they were trying to produce so
those were guys that we're trying to
think on a bigger scale about what they
were trying to do right now inside of
cryptocurrency there is a huge wealth of
human resource around us that we're not
making use of especially young people
who realize that blockchain and
cryptocurrency is going to be big in the
future and they're looking to enter into
the space and these are people that they
have no family they're really dedicated
they're really creative they're
ambitious but the problem is is right
now they just kind of end up getting
used as tools working for companies
doing slave work and and the the problem
is is we have a big inversion inside of
cryptocurrency space where there's this
startup mentality which is like let's
get loads of capital let's hire the best
cryptographers and the best programmers
and instead we're not thinking about
nurturing our into the talent that's
inside of our community there's a lot of
young people and especially young people
that feel disaffected by what's going on
or sit or sense how we're not actually
fulfilling the vision of cryptocurrency
that we want it wanted to make and but
the problem is is also we have a massive
misallocation of capital and 90% of
these projects exist now I'm going to
fail simply because they don't know even
themselves what they're trying to create
you know they don't have a clear vision
of the society or a lot of it's just
rhetoric and a lot of it is just
companies that have little feudal
kingdoms and are trying to one-up each
other you know like trying to further
their brand and you know it's like I'm
trying I'm building Academy in Spain so
train
developers to train hackers and its
really incredibly difficult to get
donations from people to support
something this strategically important
for cryptocurrency as a whole I met with
Vitalik and and I explained to him about
all these projects what exactly we need
to build and that I have a company
that's willing to put in a hundred
thousand and I need to raise a hundred
thousand from for other people and I
need 25k from him and he was like mmm I
think about it and that was a guy that
before aetherium he was living with us
we were supporting his work as well as
other developers so and the problem with
Vitalik is he had a low social
intelligence so he's not able to discern
like who his friends and who's not his
friends and he has his tight cadre of
people around him and there's a lot of
rhetoric we have about decentralization
but there are all of these hidden
hierarchies that basically form like
closed cliques or like cartels GAF word
as well you know he's like oh my you
know like it's like if we want to build
something big we have to work together
towards a long vision and gaff woods is
like yeah it's cool we're gonna work we
will work together bla bla bla he's like
yeah you can do one of our grants for
100k what happens the grant gets stuck
in the bureaucratic machinery you know
so there's a very interesting story
about Nikola Tesla who he was working
for Edison Edison said if you solve the
problem with my power plants you'll get
a bonus of 50,000 they call it says that
he solved the problem and what happened
was Edison
fired him because he will help felt
threatened by what Nikola Tesla
represented and he ended up being
homeless on the streets digging trenches
for people to earn enough money so there
is this kind of we have to understand it
where does the authority and where does
this system of hierarchy come from is is
not necessarily from the system that we
have
it's from the mindset that exists inside
of the community
right now all of these blockchain
projects are going to fail because they
don't have a narrative their discourse
is weak you know that's the most
important thing is the narrative because
it's how you build a movement how you
attract people together to go towards a
long-term strategic objective you know
right now there is what I would call a
complexity oriented approach you know
there is there is a noted tendency of
engineers that what we do as engineers
is you know we look at mechanisms and we
like reduce the world down to mechanisms
that we can exploit and we make a joke
in programming in the video game
industry which we say programmer arced
which is like when programmers try to
make video game art it's like cumbersome
it doesn't look creative at all or for
example any kind of software where the
user interface is designed by a
programmer they're very cumbersome they
have like too many features so they're
so there is a tendency of developers
when they do software projects to create
these huge unwieldy monsters in which
there is this a collection of features
rather than actually solving real
problems or use cases in the market they
exist and so you know so we have to
first understand like what is it that
we're going towards there is a lot of
rhetoric about the state like what is
the state the state is a system that
that have a that you make use of
ideology you know you have the priests
of liberalism it have the military or
the coercive force the police and the
administration and the bureaucracy and
all the technical knowledge and the
state is a system that used people as
human beings use people as tools do not
does not help people achieve their
individual freedom so instead of
thinking about complex electronic
systems that manage human beings as
objects we should be thinking about what
the tools that we that that we can build
to enable people who have who share an
ideology that we have like how can we
empower this section of the market or
these groups of people that we want to
move forwards with and and the to to
create that form of society
where
that free society we have to create an
ethical philosophical society it comes
through the development of the
intellectual ideas and right now in
cryptocurrency space it's becoming very
difficult to solve problems because
there is not any kind of proper analysis
being done of the society we're
repeating all the same mistakes we made
from the history of technology no
everything's our historical nobody's
looking at the history of technology or
the history of humanity
so oriented against that we have to take
a simplicity oriented approach now in
this in the 70s UNIX was developed UNIX
is origin is is where all the modern
concepts behind the computer were were
invented the network socket the file
time-sharing operating system that was
made by UNIX in the 70s what happened
was at the time there were several big
operating system projects like IITs
multix
MST a whole bunch of them and what they
were doing is they were really big
well-funded projects that had huge
amounts of capital and they they were go
they were going they were doing things
very academically like bit by bit and
they were focused on perfection and
completeness and there was a group of
developers who left from all these major
operating system projects who would this
disaffected by how they were going and
they founded Unix
and they took all the best ideas at the
time and they developed this operating
system
they basically the way it was built was
out of components and these components
could be put together in ways that the
programmers did not originally
envisioned to create new functionality
and that enabled UNIX to be adaptable
and to be able to be changed for many
different use cases and and basically
UNIX delivered the operating system all
the other projects
ended up to fail and they put forward a
new paradigm of technology which you
know in over 50 years our computing
paradigm has not changed the the devices
that we use they've got smaller
they've got faster
but they haven't changed even something
as simple as sharing a file is still
really cumbersome you know and I see
inside of cryptocurrency community there
is a lot of focus on mechanisms and
techniques but there is very little
joining up the dots there's very little
talk about structure and infrastructure
like how can we go to areas where we
have agreements with the local
administration and there is a
potentially huge market and we can
deploy cryptocurrency a mass scale
larger these are big opportunities in
the market so you know one thing I've
been interested in recently is about
anonymous mixes which you know a lot of
now that anima tea techniques they exist
now they shift the burden from the
verifier to the prover because when you
have a blockchain everybody have to
verify the transit transactions so they
try to shift the burden to the prover
but you know with a mixer we can
actually we can actually you there's
this you you can take some of these
algorithms for example ring CT algorithm
which Manero is not anonymous member
when boys not anonymous zed cash is
anonymous but it's a massive ruby
goldberg machine with many moving parts
which has a really big attack surface
but there is a lot of really interesting
research into anonymity techniques even
ring CT is south which is manera is not
anonymous because as a key size of 10 if
you take a hundred thousand keys i
implemented the algorithm took 74
seconds i basically was able to do a lot
of optimization such as doubling the
proof size which allow the the proof and
the verification to be calculated
massively in parallel which the
verification you have these servers you
have these sorry CPUs could aim the rice
and thread Ripper with 32 cores and 64
threads if you have a computer with four
of those you have a massive amount of
parallel power
but even now there's other techniques
like there's a very interesting project
called Zed coin and the guy they're very
small team but they're very motivated
and they've developed a technique called
LaLanne tiss which is based off of Jen's
graph one out of n commitment to zero so
the Monaro so the ring CT scheme with
these optimizations I was able to reduce
from seventy four seconds to six and a
half seconds and with the lantus scheme
it should be able to should be possible
to get because it's not linear speed
it's logarithmic speed it should be able
to get milliseconds performance but yeah
so but starting with a product or
several products we can add features to
these products but through the process
of of examining the market examining the
traders the work that they do the
processes that we have we can better
adapt our products and our technology
and we can abstract out that technology
into a platform you know it's like I go
to some of these talks and I hear people
talking about you know decentralized
derivatives and you know I'm I'm
thinking myself and they're talking
about mortgages and financing for
consumers I'm really thinking myself why
are we not thinking about how to create
dark finance that we can use to leverage
against government bonds to dump on the
market to crash we can crash national
economies you know that's people is not
really thinking on a big level I see
it's like the old rich they raised their
kids from a really young age with all
these elaborate rituals and ceremonies
to maintain their power and their and
their financial power and this this
crypto nouveau-riche you see them buying
yachts and Lambos nobody's really
thinking about what we can really do on
a big scale we can become a global
superpower you know and we need to we
need to develop a new paradigm of
computing you know one which is seamless
across devices one which allow human
beings to organize economic
on a large scale you know civilization
the purpose behind civilization is that
it allow human beings different groups
of human beings to come together to
build a society right now the technology
that we use is built for consumers for
individuals you see this in crypto in
which in which a lot of people is
developing products people like
themselves in Silicon Valley when he
said we should be thinking about we
should be thinking about you know like
you know like there were all these
countries like Venezuela Iran Cyprus you
know you got all this crypto news a lot
of that is fake news a lot of it is not
people use statistics but it's not it
doesn't translate to anything real you
know so those in my opinion were lost
opportunities you know but you know the
world is collapsing that we are entering
into a new stage globalization is being
challenged by new upstart nationalist
movements we also have the rise of China
and also the military sztyc geopolitical
competition Russia has with America and
we need to prepare be prepared to take
advantage of these opportunities when
they present them so that's why we need
to develop our intellectual capacity in
the cryptocurrency community there is a
potential here that we can make use of
but it's not just going to happen by
itself we have to make that thing happen
you know the technology that we use
today is built for individuals we know
we need to think about social
infrastructure how to build technologies
that enable human beings to collaborate
on large pieces of infrastructure we
need to take control the telecom the
telecoms networks as well right now the
entire cryptocurrency community is
nothing there is nothing here and it's
it's very weak and it's ripe for a
takeover you know all that most of these
groups are going to collapse
you already see aetherium community kind
of getting taken over by these groups
like a census even though they're a bit
thick like they at least are like moving
towards some kind of vision and
and so it's and so that's why you know
we need to build that we need to build a
system you know it's we it's it's a
problem everything now is built off of
personality and celebrity culture you
know it's it's gonna like destroy our
effectiveness as a movement to be able
to make change on a big level so we need
to build a new system and like I was
going three years ago to try and
convince people that we need there needs
to be a change on a big scale the
cryptocurrency is not going to realize
is it's big potential and I realized
that all of these projects right now
they're corrupted the people that are in
the power you know they have their
worldview they have the things that
they're doing that change is not going
to happen from those people but there is
a lot of people who who feel that
something should should change want
things to change and that's why we have
to make a new system and we have to
recruit the the people into that new
system as well so so yet so it's end
this we're developing a academy in
Barcelona eventually after this first
Academy we're going to develop a system
of academies which is to train not just
hackers but to train leaders or to train
we have to create a new image of a
hacker like a new type of hacker you
know a hacker the problem is is that a
lot of this right now is really
sheltered and cut off from the actual
problems that we're trying to solve and
it can't just be it can't just be
education about technology I have to be
also philosophical philosophy education
in ancient Greece they had a system of
academies which was the basis of the
system in ancient Greece it was where
Socrates would recruit his followers
like Plato and Aristotle and when
Christianity came to ancient Greece
they shut down the academies and all the
teachers went east to Baghdad where they
founded the House of Wisdom and and that
was what side the Islamic Golden Age we
need to start or an ace on sin side of
cryptocurrency so you know right now I'm
like raising like a hundred K because I
have it matched by another investor but
I'm not looking just for any people has
to be like the right type of people
people is like on a level that we we're
moving in this in this direction not
just gamblers so yeah there's a there's
an opportunity in front of us if we if
we prepare and we have the vision and
we're able to develop our thoughts and
our human capacity when opportunity
presents itself and trust me there's
going to be these opportunities we'd be
ready to take advantage of that all
right thank you
[Applause]
you