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Transcription provided by Podhome.fm
Created: 10/09/2026 22:13:49
Duration: 3803.092
Channels: 1
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For those watching, hello. It is Thursday,
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10/08/2026,
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and we are coming live
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to you with the Morpheus community town hall. Sorry for the pause. I was getting audio through the stream on the other side. Had to mute it. You might notice our friend David looks a little more pixel y than usual, but he should sound fantastic. That is because we are quite literally on opposite ends of the world. It is 12:07PM
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my time and 12:07AM
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his time. So David, what is going on? Where the heck are you?
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I'm reporting in from Token 2049
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in Singapore. Here's my illustrious hotel room, and I'm gonna go to sleep right after this.
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But it's been a good couple of days kind of red pilling a lot of people on Morpheus.
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Saw a lot of our friends at Near and Zcash
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and tons of people working on
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decentralized AI. So it's been a blast. I think I spoke at the first ever token twenty forty nine years ago. So it continues to be like one of the biggest
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events every year. So... Yeah. And I'm sticking around for the network state tomorrow. So that should be fun.
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Would you say that...
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What percentage of the conference would you say is like AI or AI adjacent at this point? Just in terms of like topics covered.
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A lot of it. Right? If you've seen a bunch of the quotes posted on x, everybody has woken up that agents might be the future of payments and crypto and whatever they're doing.
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You know, it's definitely a marked difference. Like, people would say
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AI
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a year or two ago, and now they all say agents. Like, they've learned the difference between an AI model and having an agent that takes action for you. So, you know, every other person is talking about
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agents, which is cool validation. Right? Morpheus has been building this last three years,
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and it's been cool all week to show off this graph on my phone where it's like, and here you can see Morpheus doubling in usage almost every month on the peer to peer map... Network. Right? So
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that's been a lot of fun. People are like, oh, that's a nice graph of real usage growing over time. So if you set it to peer to peer and you go... Now I've got the numbers all the way through, end of September.
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So you can pick, pick the dates for end of September, and it's like boom, boom, boom, boom. Right? So it's,
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it's nice. Right?
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It takes a while to get to product market fit, but that's a nice trend. Right? You can see it's us privacy nerds and people that care about the industry up until, like, June, July.
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And then when the open rate models get good enough that they're really competing with Quad,
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that's when you see this explosion of usage. So, yeah, that's been an easy story for people to get. And so they're like, yeah, I want that.
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How do I stop paying Claude and get that? So
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it's been fun. It's been nonstop for three, four days. Yeah. I mean, this is the prettiest chart in crypto,
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just without a doubt. At least... Oh, sorry. I should say, I
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refer to crypto often when I really mean decentralized AI because my brain is broken and they're just inextricably tied in my head. And from my perspective,
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again, as somebody who is like a crypto native person who saw the light and became a decentralized AI native person realizing
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that crypto is just a a means to an end for for agents and for agentic payments, That that is why that connection is just, like, inextricably in my brain. However, this is the prettiest chart in decentralized AI. It is absolutely beautiful. It paints an awesome story. And, yeah, I mean, without a doubt,
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the more people who continue to use agentic AI at all, the more models that continue to compete with the frontier models and will eventually inevitably eclipse them once you have, you know, self recursive improvements and things like this,
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the more people will realize there is a better way financially to have access to all of these things. Oh, by the way, privacy. Oh, by the way, self sovereignty. Oh, by the way, permissionlessness. And
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it will continue to grow, and we'll see that demand continue and more and more compute providers come online.
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Which, by the way, let's just take a look at that too while we're at it.
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I mean, now,
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have almost 250
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models being hosted with a 117
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of them being redundant and 25
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individual providers.
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That's awesome. I cannot wait until this number, this is the provider number I wanna see grow and get to, you know, hundreds and eventually thousands so that you have
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just an incredible amount of redundancy
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Load full transcript
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to the point where you have something that can, you know, be
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antifragile,
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basically.
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Yeah. 100%. If you go back to tech.more.org,
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it's
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interesting to see
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that if you scroll down,
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the most popular models are still really heavily the open weight models.
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Yeah. Even though lots of people are offering quad and other models,
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it's DeepSeek v four, GLM 5.2,
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GLM 5.3.
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Like, those are the dominant models. And if you look at a lot of the public data,
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the majority now
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of inference usage,
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it's those open weight models. Right? It's finally flipped
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from mostly proprietary
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to now majority are open weight. So, yeah, people are getting the picture. Like, I was spending $6,000
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a month on Claude
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in January. And when I switched to the open weight models, it cut my bill 90%.
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Right? And so any power user I talk to is like, how do I do that? Right? Okay. You need an agent.
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Give it the API key for Morpheus.
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Go to town. Right? And all of a sudden, you don't need a giant budget to do a ton of work. So it's not a of And
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we're just getting to the point too where, like, you don't need the jackhammer to
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nail a picture to your wall. You know? You can use the small hammer for that job. And we have agents that are smart enough to discern between when it does and doesn't need the super heavy lift.
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And and for builders, by the way, I mean,
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this is how you really should be thinking about the builds, right? It's like how much more token do I need staked to support the product or service that I'm building, Thinking through the fact that I can use really cheap inference for a lot of stuff.
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And I just met with a company yesterday who built a product that I think I'm gonna use. I'm just in in my other business that it's a great product that they built. I was trying to dig deep into, you know, what are you running on the back end for this thing to function. And they gave me, like, a little bit of a look under the hood. And, yeah, it's exactly that. It's how do I do the thing
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to a really high capability but also cut cost
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because I don't need,
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you know, the the frontier model for every task. And and in fact, you don't need it for most tasks. And
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and so it's been interesting. At the conference,
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you know, a huge
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undercurrent has been the rise of Zcash
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Mhmm. And near these other protocols. And I think it's because there's a large
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crossover
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between the people that believe in, like, private money and now who want private intelligence.
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Right? There's there's a pretty close match there. I love some of the memes. It's like Zcash not communism.
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And it's like, those are your choices. Right? If you don't have privacy,
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you're always going to be a victim of the state.
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Right? And that's true for,
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intelligence as it is for for money. Hey, Kyle. Good to see you, brother.
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Hey, guys. Sorry about that. Glad you could jump up. Oh, no worries. All good. Yeah. I was Knocking...
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Zcash pilled. Finally,
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David. I mean, I've been well aware of it for, you know, ever, basically. But I just never really took a dive into it and, like,
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really looked at it for utility.
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But, yeah, it it is very cool to see. There's a lot of crossover there between that community and the d a I d a I community.
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Well well... And there's there's a lot of parallels too. I was talking to some of the Zcash
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open source developers.
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And they're like, wait a minute. Morpheus doesn't have a company?
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Morpheus didn't have a pre mine? Like, it's all fair launch?
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I'm gonna look at this now. Right? Because there's such a presumption in the industry now that everything's a company. And the guy was complaining to me. He's like, everybody came up to our booth and, oh, what company do you work for? He's like, CCash is open source. There's no company.
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That's funny. But, like, really, what's your title? Are you the CEO? It's like, people have forgotten what a crypto protocol looks like. And, like, no. These are... This is actually a crypto protocol
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not run by a company. And, like, it's become a foreign concept as it's sort of gone mainstream,
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and people see other players
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like Coinbase and others. They just presume
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everything is,
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is, is a company. So it it was
refreshing to him that we're actually a protocol, and it's okay. It is neutral, and it is private, and it has all these aspects.
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That got his attention, which is really cool.
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That is really cool.
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Alright.
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So other updates quick. And Kyle, glad you jumped on. Thank you. I know we're doing some moving around with the timing here.
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A lot of travel to orchestrate, so we're trying to make it make it work. But
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Kyle, we know that from the node side of things, there was an update the other day. Is that something you're able to provide any context to by chance?
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I can give some
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context on it. I really would
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typically
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leave that specific one to Alan, but, a quick update is that,
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there were... And these are common. Right? We're we're making updates to the node,
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kind of all the time. Every week, you see a new release in there. There were some updates to
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some of the back end code,
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in terms of
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some different bugs that were identified through the the bug bounties or or through some other people doing audits on on the platform. It was just in relation to
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security hardening hardening on the provider node.
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So
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what it does is it... It's like belt and suspenders, right, where you have security, but there were some cases that,
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how do I explain this properly?
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Additional verification
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checks
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on,
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what is it exactly, essentially,
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who is...
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It's
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it's not on who's sending the request, but it it was essentially just on the more approval. So is the more approval exactly coming from the same consumer? And could someone
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potentially make
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an unauthorized
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request to you, not seeing someone else's data or anything, but essentially getting free use of Morpheus token. So it it wasn't,
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and everyone can look through the code. It's all public. All the PRs are public. But, you'll see that that bug fix went in. It's just more protection for providers. You know, we're gonna find little things here and there of of, you know, now that that Babel and Astra and everything, people find, like, workarounds that you'd never see before. So,
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we would recommend for everyone to update their provider notes just from normal safety practices, just like you get in iOS or in Microsoft update however often.
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Just great security hardening for the protocol, and and, you know, we're happy to
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find something else and and get it out there. But there's no, like, big red fire alarm or anything like that.
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Just kind of business per usual and stay updated to... On the latest code to get the latest security updates.
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Cool. Thanks, Kyle.
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I do have a couple notes
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from Alan that he had sent me on it, which, by the way, I just suspect that anytime Alan sends me something, he's taking his own internal notes and then giving them to an agent and saying, okay. Now, like, you're seven. And then sending him over to me.
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But, yeah, basically, what what he had said is,
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in layman's terms, the node was too trusting about who owned a session. It could accept a key that did not match the wallet on that session, and a session opened with one provider could theoretically be used by another. After the session ended, the provider also stopped sending the closed receipt. So a normal close recorded on change
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and as a dispute, and the provider did not get credit. So basically, what you just said, Kyle, that it's just a a further verification that the correct provider is,
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and and the correct wallet are being connected with the correct more,
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basically. Yeah. I I guess, technically, there is another...
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Right?
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Yeah. Technically, someone could come in and and, I guess, dispute
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that the session was legitimate,
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and that would cause some lockup of more for a certain amount of time. But, again, corner case of a corner case Yeah. On that, we're,
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you know, close the corner cases, obviously, and update your node. But, I don't think this is,
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yep, good
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practice. Yeah. Yeah. I was gonna say, this is why I love, you know, our community and all you guys working on this type of thing because it is like the edge case of edge case of edge case, and yet it's still identified and fixed. And we're hearing about it after it was identified and fixed, you know, which is Yeah. The best best thing we can wish for. So awesome. Thanks, guys. I'll give one I'll give one more
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there that
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is important. And this one,
you know, anyone who is a...
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Very closely tracking or or get updates
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in the staging branch or the testing branch will see that
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more work has been done on...
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To to fix one concern that I think has been lagging a little bit. Right? And and we like to be super open with with where we think the protocol is amazing, where we think we need to spend a little time doing work. So one topic
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was
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we have a lot of decentralized
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providers in... You know, who are providing into the system. Right? And everyone's a little bit different. Some people are are hosting themselves in their computer in the closet, wink wink. Right? Some people are, you know, going to be running from massive data centers. Some people are going to be pointing through to OpenRouter or to Venice or to really name your name your provider. And
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each one could have a slightly different format
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that they accept or slightly different features that they support.
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Right? So when you call one model,
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if... You know, we need to make sure that if you call a model and say,
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I want this to run with low
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effort or low level of thinking.
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Right? That needs to work across the board
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no matter which provider you get.
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So what we're implementing is
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a type of routing, if you will, that says,
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I'm a provider.
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I'm running in this manner. This is how you talk to me.
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So that when a request comes in,
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it knows how to pass that information along
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to the provider in the language that they speak.
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So let's say Bo is hosting
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and he uses the the parameter,
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you know,
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thinking underscore level.
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And David is a provider and uses the...
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Uses it just as thinking as his parameter. And if I send thinking underscore level, he's like, this guy's talking French. I I don't understand French, so I'm I'm not gonna do anything here, and doesn't apply that proper parameter.
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So what we're trying to do is kind of create this
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this single unified language that's able to talk to Bo and talk to David to make sure that me as a user,
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I don't care if you're speaking French or or whatever.
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I just need you to do
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what I'm asking you. So
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that is something that we have in testing right now, and we're going through. As you can expect, it's fairly complex
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because there... There's just so much different variability with with what people are hosting and what people are running. But we recognize
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that
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stability
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and simplicity
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from a user interacting with the platform is is paramount to being able to use it in...
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At scale or in an enterprise environment or for an agent that... That's really doing something that's critical to you. So
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that's what we're in the process of doing, and and we're hoping to
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to get that out, quote, unquote, soon. Right? We're testing it. Maybe it's a day away. Maybe it's two weeks away. We we we just gotta work through it a little bit more.
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Awesome. Thank you, Kyle.
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On to
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the demo type things, which I know we don't have
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an exact... So for those who are maybe watching this week and didn't watch last week or just need a refresher,
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we have been talking about
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agents, and we wanna show off the things that agents can do,
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and also just things being built on Morpheus.
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And
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sometimes
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that's hard to do because we're talking about concepts more so. Like, it would be like... I think Kyle, you had this great quote last week where you were like, it would be like showing someone the code base of a website and being like, look, there it is. You know, like, here's here's the code base. Hope you can read code.
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However, like, talking about
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some of those concepts and things are really important
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as things get developed and we can show off, you know, tools and experiences and things like that. But the thread that we've been pulling on since last week was this idea of
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recursive self improvement,
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so RSI,
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specifically for in the agent context.
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So your agent
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paying attention and recording the things that you're doing or having it do rather,
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remembering it, learning from it, and
improving itself.
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And last week, David showed Bernardo,
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which is his open source agent that has a open source GitHub that you can pull things down from, a lot of awesome skills and things like that. And we talked about the agent's brain.
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This week, we were gonna talk a little bit about looping.
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And what what is looping? Like, how does that work in practice? Why does it matter? And, like, kinda where does it fit into RSI?
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David, can you, I guess, start on any or all of those things?
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I'd love to. So
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once you've got an agent, let's say you're using OpenCrawl or Hermes or something like that,
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and
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we talked a little bit about how you create a brain for it. Right? Load up context and
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map it, and then, you're able to use it. Okay.
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Your agent's pretty good at doing tasks if you tell it what to do, and it understands sort of the broader context of what it's done before and its best practices.
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It's got its its learnings from its brain.
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The next thing you can really improve on is this concept of looping.
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And so you can think of this... It's not really different agents, but think of it as, like, a series of cron jobs is one way you can implement it. And you can say, okay.
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The agent wakes up every hour,
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and it picks up the next task in the backlog.
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Right?
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So number one,
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you have your agent start building a backlog. Hey. If I tell you something to do,
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add it to the backlog, give it a number, task zero zero one, zero zero two, whatever.
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And okay. Now I've got things that I've told my agent, hey. I want you to work on x y z. Great.
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If you already have a standard process for your agent to do development,
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it should usually be able to get tasks you put into the backlog done,
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but not always. Gets stuck, gets confused,
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runs out of context,
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all kinds of edge cases on why it could stop. So
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the concept of looping is very simple.
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You need a coordinator agent
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that checks in on the worker.
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So if the worker wakes up every hour and starts a task,
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I have the coordinator wake up every thirty minutes
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and see
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if the agent's being successful.
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Has the session stopped? Did it run out of context? Did, you know, it gets stuck or whatever?
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And if it's stuck, it restarts it.
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And so you sort of have an agent
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supervising
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an agent.
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Right? And that's the loop. Now it can go and it keeps going through that task until it gets to a finish line,
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and then it goes back to the beginning of the loop and starts in the next task in the backlog.
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So this is how you can really move
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from
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sitting there and talking to it and then waiting twelve minutes or fifteen minutes for it to get the next thing done to instead
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just focus on giving it tasks,
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adding to the backlog and knowing that it's gonna work through all of those items. So after setting up my looping, I think I've gotten it through a 173
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successful items, and I didn't have to babysit all those for hours at a time. Right? I have my agent
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who knows the best practices,
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check-in on the worker, make sure it's getting done.
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Right? And there's sort of things you can do to improve this type of loop.
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You might make the choice that, hey. That's great, but I still want it to come to me at the end
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of the process
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and give me all the the task that have been built. And before it goes public, I wanna I wanna see it, and I wanna push that button. That's a choice you can make. What I've ended up doing is
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I have an auditor
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in my loop
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that is looking at the final tasks.
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I call it my architecture
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agent,
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and it understands because I have the the brain already built, the broader context of what I'm trying to accomplish,
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and it can make a pretty good judgment.
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Is this
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on task and and something that I want for for the broader project? Is it sort of a scope creep? Like, is this task really,
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you know, properly
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built?
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And about half the time,
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it'll come back and say,
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this is trivial. It's on it's on task. Like, it it... It's something that I can... The architecture agent can approve without having to escalate to me.
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But a lot of times, it's like, oh, this is out of scope or oh, this is, you know, financial
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or it's got, you know, money or keys or something associated with it where it needs me to review.
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And so
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my goal
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for the loop is to continue improving
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my architecture agent
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and making it better and better so that six out of 10 tasks, seven out of 10 tasks, eventually, hopefully, nine out of 10 tasks, it can approve and push public.
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And in order to accomplish that, I also have a learning agent. And the learning agent is looking at my decisions
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and finding patterns
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and improving that architecture agent.
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Right? And so
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if you think about that whole process, you have the worker,
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you have the coordinator
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that, you know, keeps the worker on track, You have the architecture agent making sure that everything
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was, you know, as expected for the outcome, and then it's elevating it to me for final decisions.
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And it's taking those decisions and improving
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the architecture
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agent for for next time. One thing I didn't mention, at the very beginning of the process,
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before the workers even picked up the item in the backlog,
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I have an agent
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use my brain
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to enhance the prompt in the backlog.
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So this way,
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if all I told my agent was, hey, follow-up on item number
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for install OpenClaw,
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the improvement to do with, you know, updating the software for the leases.
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That might not be enough context for it to really know what the heck I'm talking about.
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But it's in my brain. It's in my OpenClaw brain. And so by taking the context from the open claw brain,
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looking in that backlog item, it will expand it to a couple of paragraphs. Like, here's the context for exactly what we did last time, and here are the tools, and the reference, and the memory you need, and, you know, the best practice to follow. And so that really improved my loop. That went from, like, it kinda guessing at my intent to really knows my intent, because I've had 6,000
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sessions
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with my agent,
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and it's learned from those, and now it's improving
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the quality
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of the write ups that start at the beginning
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of the backlog.
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So
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puts up in the backlog, gets worked on, keeps on track.
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At the end, it's audited,
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makes sure it makes sense, either gets promoted or
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elevated to me for a decision, and then it learns from those decisions. So if you can take that context...
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And I'm gonna put a copy of this up in in public. I've made a third party version of my looping
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that I'm putting up as a best practice on the GitHub.
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If you can implement that,
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it's a game changer because you go from building things one at a time
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to basically instead focusing on, like, what you want to build and let your agent really kinda churn through it. So...
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I'm really glad you said that because you you just answered my question,
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which was gonna be, okay. Now I'm dumb and don't know how to structure any of what you just said. Not dumb. I'm talking about me specifically.
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And don't know how to structure any of those things you just said,
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is there a tool that I can go to or something you can point me to that I can look at with my agent and say, hey. This is the thing I wanna implement. Help me organize it. Yes. Okay. Yeah. And and that's that's what I wanna get to is
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I publish...
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Here's the guide to how to implement looping.
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Here's an MD file. Hand this to your agent.
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And what it's gonna do is really actually pretty simple.
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It's gonna schedule a series of cron jobs that do each of the tasks I just talked about, and then you sort of have a good orchestration
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for how this works. And it's helped me moving from doing one task at a time to my agent getting 10 tasks done, a 100 tasks done.
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I see a roadmap pretty soon where my agent might be able to get a thousand tasks done for me. I'm feeding in pull requests now from GitHub and issues and the backlog of ideas and suggestions and bug reports and all this stuff that sort of builds up that
you don't have time to possibly keep up with. And and to tie this all back into what's happening on the security side.
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Everybody's dealing with this. Every
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time a new model comes out now, everybody rushes
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to test and make sure they found all the bugs in their protocol because
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bad actors are also rushing to see if they can find honey pots and and issues. And how do you sort through
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all of those reports?
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Like, even if somebody is a white hat
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hacker and they're trying to help you and and they're putting in a report to pick up a bug bounty,
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you got 500 reports.
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How do you read all the reports and know which ones are legit?
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You need the agentic system.
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Right? And so the only way to keep up with agents is to implement agents.
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So that's where everybody's getting to. And so for me, it's been really powerful,
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and I could see a path where I can have a thousand tasks done by my agent, and there's no way I'm gonna be able to do that manually.
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So it's pretty wild, so I'll I'll stop there, but gonna open the source this. We'll include the link,
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all that kind of good stuff. But looping, it's very powerful. It's one of the big payoffs
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is you're able to multiply
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your output. So start an agent, build its brain, then you can do looping. And we'll talk more about RSI next week, but that's the next layer. Yeah. That is super helpful and exciting. And also
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just
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reiterates for me,
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we need a lot of inference
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to do. As you were talking, you were talking about a thousand tasks. I mean, I have, like, a handful of cron jobs basically that my agent does for me right now every day, and that chews through, like, a pretty decent amount of inference. Granted,
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I am certainly no specialist in making sure,
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the efficiency of my inference is being considered, so I'm sure there's ton... Like we were talking about earlier, there's tons of things that I am,
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using the jackhammer to nail a picture to the wall when I don't necessarily need to.
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But, I mean, I'm just picturing, you know, we have
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thousands, hundreds of thousands, millions of people like you who have an agent that's accomplishing thousands or more tasks for them all the time, and just like,
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everyone is underestimating how much compute we need. You know, it is it is so much more scarce and valuable than people realize and it's it's gonna become a
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question of literal do we have enough energy to do it to do all of the things. Yeah.
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I'm pretty sure the the
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demand for intelligence is pretty unbounded.
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Like Yeah. How how many agents do you want working for you? How many tasks do you want them to do? It's probably more than one. It it might be a 100. It might be a thousand because Yeah. We're sort of all this... The term people forget is latent demand.
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Mhmm. Because all these things I wanna do, I just don't have time to do. Right? I should be reading that article. I should be, you know, checking that email. I should be doing a lot of stuff. And today, it kinda just falls through the cracks.
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Right?
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All of a sudden, you can deploy your army of agents
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to catch up with this stuff. It's get... It gets pretty cool. Right? Because, you know, say I go to a conference like this. I meet a ton of cool people.
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Now I just give their contact
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to my agent,
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and I have a personal CRM.
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And it reminds me if something I'm doing is relevant to somebody I've met.
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Like, I could never keep 10,000
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people in my short term memory of like, oh, yeah. What I'm building is gonna be relevant to him, and I talked to him about that last year. All of a sudden, you can start discovering
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that value in the network you already have. So for me, that's huge. Yeah. I was gonna ask, have there been...
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Like like, from token $20.49 of last to this year, has there been a noticeable increase of, like, agent interactions between people?
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Yeah. 100%.
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A lot of people I'm talking to now have an agent,
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but they're still dealing with it like a single player type of deal. Like, they've got an agent and they message their agent and, oh, that's cool and I'll send them my agent that link.
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But they're still not thinking of it collaboratively.
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Mhmm. Right? So things like Buzz and other collaborative tools really haven't hit yet. Like, yet has realized
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that their agent's gonna work with your agent.
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And that maybe you shouldn't set up a call
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00:31:59.544
or have another meeting, but you just have your agents go ahead and execute on the context you've already got... Given them. Like, nobody's thinking about that yet. People are just getting to the point where, like, they have an agent, or they know they need to set up an agent,
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or they still think their agent is Claude, but now they're finally realizing, oh, that's a tool.
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It's not my agent.
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I need something that sits above my tools and can use all of them, right? So people are people are getting there though, but there's still definitely
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like getting their first agent. Twenty twenty
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six has been the year everybody got their first agent, at least like high agency,
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high capability folks.
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Yeah.
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Yeah. It's so interesting. I I
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can't wait to see just like how that develops and if by
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next year, for example, most people do have a personal agent and recognize the difference. Because, yeah, I think that there's still... Actually, just I know from interacting with people, there is still a huge swath of people that have not
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totally
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come to the realization of, like, my agent sits above the tools that I'm using, even if the tools that I'm using can do agentic things,
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like like a Claude, which is technically agentic,
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but not your agent. Like, it's not representing you. You don't own that, You know? And it's...
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Kyle, you sound like you're a wood chipper. Yeah. Sorry.
402
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So the... And I I can't switch the microphone midstream. Oh, it's okay.
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I think the
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something important to take into consideration
405
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is
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that not everyone is going to
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self host it either. Right? Like, there's...
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I think that adoption
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in AI agents, no matter where it comes from, is
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valuable
411
00:33:38.390 --> 00:33:49.994
for Morpheus. It's valuable for the progression of AI and and just the industry overall. And it's like a... You know, I'd said it last week, but a rising tide lifts all boats. Right? If people go in and
412
00:33:50.394 --> 00:33:50.794
learn
413
00:33:51.755 --> 00:33:54.794
how to use and what AI agents are from
414
00:33:54.875 --> 00:33:59.994
Dots or Rockbaud or Muse or Instinct or
415
00:34:00.075 --> 00:34:02.234
the other project from working on Liaison,
416
00:34:02.235 --> 00:34:05.999
then, like, that's a win. Right? That's a win for all of us because
417
00:34:06.480 --> 00:34:07.759
more, you know,
418
00:34:08.960 --> 00:34:10.240
more knowledge,
419
00:34:10.480 --> 00:34:11.200
more
420
00:34:11.840 --> 00:34:12.880
notoriety,
421
00:34:12.960 --> 00:34:14.240
more utilization,
422
00:34:14.240 --> 00:34:16.800
more development around this is
423
00:34:17.244 --> 00:34:18.205
just creating
424
00:34:18.685 --> 00:34:23.805
more demand and and just making it more part of our daily lives. So I think it's like...
425
00:34:24.285 --> 00:34:35.670
And, David, we said this so long ago that, like, we love the the competition. We love the the development in the AI. Even if someone's, like, in a similar realm as as what we're working on, it's, like,
426
00:34:36.230 --> 00:34:39.510
great. Do it. Like, we all have the same,
427
00:34:39.750 --> 00:34:44.390
you know, underlying goals of what we want for the world with this. And
428
00:34:45.444 --> 00:34:48.724
starting with closed source and a gradual
429
00:34:48.724 --> 00:34:51.445
transition to open source when people, like,
430
00:34:52.005 --> 00:34:56.325
you know, see those values and and want to go down that path, I think, is just...
431
00:34:57.880 --> 00:34:59.400
I'm not surprised,
432
00:34:59.400 --> 00:35:10.200
and and I'm happy about it as well on on how this is shaping out. And seeing the major companies invest in this technology and bring this to market is just a testament to
433
00:35:11.394 --> 00:35:16.595
the vision we had being the right vision. And, you know, we have a a leg up on it already.
434
00:35:17.394 --> 00:35:21.395
Yeah. So far, the Morpheus community has been right about everything. I just wanna put that out there.
435
00:35:21.795 --> 00:35:28.490
And I don't see that slowing down anytime soon. And when I say that, I don't mean me. I mean the people the people that I'm listening to.
436
00:35:29.690 --> 00:35:30.330
But,
437
00:35:31.130 --> 00:35:58.050
yeah, I know. You're you're 100% spot on, Kyle. And, like, it's it's all just about staying ahead of the curve. I saw a really funny tweet or a tweet that made me laugh anyway this morning that was like, you guys, normies are not vibe coding their own software. Twitter is a bubble. Relax. I'm like, I know, but... And that's probably true. I'm sure the average person I'm bumping into in the grocery store is not sitting at home vibe coding their own apps, But it feels like everyone is, because we are in this in this bubble of like,
438
00:35:58.290 --> 00:36:04.130
just people shipping stuff left and right, and like, oh my gosh, like I need to move so fast to keep up. I
439
00:36:04.850 --> 00:36:07.735
think that it's what's cool about decentralized
440
00:36:07.735 --> 00:36:09.735
AI though relative to even,
441
00:36:09.895 --> 00:36:15.655
like, the earlier days of crypto, like the twenty seventeen ICO mania and stuff, is
442
00:36:16.135 --> 00:36:16.855
this
443
00:36:17.015 --> 00:36:18.695
has such a in your face
444
00:36:19.180 --> 00:36:20.540
practical application
445
00:36:20.540 --> 00:36:29.340
that you can interact with every day or just like mess around with. Like sometimes I'm bored and I'm just like, I'm gonna mess around with my agent. I'm just gonna book a flight.
446
00:36:30.380 --> 00:36:31.100
Yeah. Wish.
447
00:36:32.265 --> 00:36:38.744
No. Because that's like the only thing that actually works well on on DOS and Grokbat right now is Book a dinner
448
00:36:39.145 --> 00:36:47.464
reservations. Yeah. You're gonna find out that it's actually the airlines paying for it and developing it. It's just that's the only tool that works right now. That's so funny. Yeah.
449
00:36:48.240 --> 00:36:51.600
But but I agree, Bo. Like, the realness of
450
00:36:51.920 --> 00:36:55.760
I'm using Morpheus every day. Like, I'm so happy. Yeah. Every day.
451
00:36:56.160 --> 00:37:04.025
Three years of building it, like, I'm actually getting to use it all the time and not just, like, once in a while. Like, it's literally powering
452
00:37:04.345 --> 00:37:05.945
most of my workflows
453
00:37:06.105 --> 00:37:19.280
at this point. Like, running advertising campaigns, I've got my agent doing, right, building websites. I've got my agent doing it, like, doing coding on GitHub. I've got my agent doing it. Right? Auditing smart contracts, you name it. Right? So,
454
00:37:19.680 --> 00:37:22.400
yeah, it's it's pretty cool. I accept we're in the bubble,
455
00:37:22.720 --> 00:37:23.680
but, you know,
456
00:37:24.640 --> 00:37:29.680
we tend to be, like, a year, a couple years ahead, and, like, everybody's gonna get there.
457
00:37:30.325 --> 00:37:31.605
To Kyle's point,
458
00:37:32.485 --> 00:37:34.645
Morpheus can power Grok.
459
00:37:34.645 --> 00:37:35.285
And,
460
00:37:35.445 --> 00:37:40.725
you know, if you wanna use Hermes and Open Claw, go for it. Like, we're harness agnostic.
461
00:37:40.725 --> 00:37:45.045
Right? The whole point is to get people to the point where they own an AI
462
00:37:45.230 --> 00:37:48.109
and they have an agent and it's making their life better.
463
00:37:48.349 --> 00:37:50.670
Dumb. Right? So, yeah, it's,
464
00:37:51.150 --> 00:37:52.190
it's pretty cool.
465
00:37:53.950 --> 00:37:55.150
Couldn't agree more.
466
00:37:56.270 --> 00:38:00.829
I'm trying to think because that that was all, I guess, on the looping conversation things related to Morpheus.
467
00:38:01.265 --> 00:38:10.065
I didn't have any big news stories this week, specifically on AI, which is kinda crazy because it seems to be like... I'm... There's obviously stuff happening. Always Hey.
468
00:38:10.625 --> 00:38:13.025
Hey. Don't don't fade on Mistral.
469
00:38:13.265 --> 00:38:14.305
Don't Oh, okay. Don't...
470
00:38:14.810 --> 00:38:16.730
Tell me what was the latest from Mistral?
471
00:38:17.290 --> 00:38:19.050
Trillion parameter model.
472
00:38:19.609 --> 00:38:22.570
It's really hitting some some cool benchmarks.
473
00:38:23.930 --> 00:38:26.890
If your thing is like you're skeptical about
474
00:38:27.755 --> 00:38:32.235
Eastern open weight models, great. Here's a Western open weight model.
475
00:38:32.635 --> 00:38:35.035
It says in preview today,
476
00:38:35.355 --> 00:38:41.115
and they're gonna release the weights end of the month. And Mistral's a really good record of basically
477
00:38:41.210 --> 00:38:45.609
not only open sourcing, like, they'll literally put it on, you know, BitTorrent,
478
00:38:45.609 --> 00:38:50.010
and here's the, you know, magnet link that will never be takable downable.
479
00:38:50.089 --> 00:38:51.130
Right? So
480
00:38:51.529 --> 00:38:59.945
really cool to see sort of another Western open rate model coming in, because before they'd done a bunch of small models. And you look historically,
481
00:39:00.105 --> 00:39:04.425
at one point, were like 30% of inference. They had a huge
482
00:39:04.744 --> 00:39:08.940
market share, and it sort of got eaten up the last year or two
483
00:39:09.340 --> 00:39:16.060
by people releasing bigger and bigger models that are way more powerful. So this is their first trillion parameter model.
484
00:39:16.300 --> 00:39:17.900
They call it LaChunk.
485
00:39:18.140 --> 00:39:20.060
Yeah. I was gonna say, I'm looking at their Yeah.
486
00:39:21.545 --> 00:39:23.305
Is their is their mascot?
487
00:39:23.385 --> 00:39:28.905
So it's cool. Like, people were were speculating the last few months. Like, are they gonna release a big model? They finally did.
488
00:39:29.865 --> 00:39:39.520
Though people kinda gave them a hard time, like, one of the benchmarks it's best at is regulation and legal. And they're like, of course, the EU model is good at regulation
489
00:39:39.840 --> 00:39:43.200
and legal. They're like, oh, you guys did it. So...
490
00:39:43.600 --> 00:39:49.265
You know? But it's credit to those guys. Glad to see it. Another great open weight model.
491
00:39:49.505 --> 00:39:51.425
And it looks like it's benchmarking
492
00:39:51.905 --> 00:39:53.025
right between
493
00:39:53.425 --> 00:39:55.825
GLM five point two and five point three.
494
00:39:56.305 --> 00:40:03.410
So right around like DeepSeek v four pro ish, it looks pretty solid. Like, if those benchmarks hold,
495
00:40:03.650 --> 00:40:07.170
it'll be another sort of, third, fourth really good
496
00:40:07.410 --> 00:40:09.170
solid open weight model.
497
00:40:09.330 --> 00:40:13.650
And I don't think it is that many active parameters. It's, like, sixteen thirty two billion.
498
00:40:14.235 --> 00:40:28.795
And so I think it should be not too bad to run as far as, like, how much hardware you need. It definitely needs some powerful hardware, you know, like a terabyte of of of RAM, but still credit to those guys. Good to see another big overweight release.
499
00:40:29.300 --> 00:40:35.060
Yeah. Shout out to those guys. Sorry. I missed that announcement, mister O. But
shout out to you guys. LeChonk is
500
00:40:35.460 --> 00:40:41.700
fantastic name. Just 10 out of 10, whoever your BD dash marketing person is and or agent. Good job.
501
00:40:42.345 --> 00:40:49.865
Yeah. This ad's fantastic. I'll have to... I'm looking forward to trying it. Well, and to your point, David, yeah, you need some really extreme hardware to run this locally.
502
00:40:49.945 --> 00:40:53.065
Oh, just kidding. No, I don't, because I use Morpheus.
503
00:40:54.665 --> 00:40:56.585
I'm sure it'll be I'm sure it'll be up there,
504
00:40:57.380 --> 00:41:02.580
you know, very, very quickly, if not at launch. So that is that is exciting.
505
00:41:03.140 --> 00:41:04.500
Very cool. Good The
506
00:41:05.060 --> 00:41:06.420
other stuff in the news,
507
00:41:06.740 --> 00:41:07.940
I guess adjacent
508
00:41:07.940 --> 00:41:13.845
to d AI, but just AI in general, is a lot a lot of talk about us solving math just generally,
509
00:41:13.925 --> 00:41:30.770
and how that's gonna pose some massive issues for, encryption and, you know, security for crypto projects and wallets. And you have the likes of Justin Drake and Vitalik chiming in, which that's... You know that meme of the guy who's sitting there and then the people talk and he leans forward in the chair?
510
00:41:31.330 --> 00:41:40.155
That's that's what I do when those two guys post. When either of those two guys post something long for him, I'm like, oh, wait. Gotta lock in. What are they talking about here?
511
00:41:41.275 --> 00:41:55.220
And it was, it was pretty interesting. I mean, all just feedback on how cryptography is obviously AI vulnerable and what the plans are for that. And, I don't know if you guys have any, like, specific takes or thoughts on this, but just, you know, it's becoming more and more,
512
00:41:55.700 --> 00:41:58.660
in the forefront of, you know, what people are paying attention to.
513
00:41:59.700 --> 00:42:05.700
So this was a big subject. I literally just came back from the quantum and privacy
514
00:42:06.260 --> 00:42:07.140
day
515
00:42:08.474 --> 00:42:09.595
put on by
516
00:42:09.914 --> 00:42:10.795
Qantas
517
00:42:11.115 --> 00:42:17.194
and the guys at Zcash and Near. Like, they had some of the world's best cryptographers.
518
00:42:17.194 --> 00:42:17.755
Right?
519
00:42:18.795 --> 00:42:24.500
Zucco was there. A lot of the people that built some of the cryptographic algorithms and zero knowledge proofs were there.
520
00:42:24.820 --> 00:42:26.820
And it was an interesting discussion.
521
00:42:27.140 --> 00:42:29.620
I would say, generally, the math
522
00:42:29.859 --> 00:42:30.740
solutions
523
00:42:30.740 --> 00:42:32.660
that OpenAI put out
524
00:42:33.380 --> 00:42:34.180
weren't
525
00:42:34.420 --> 00:42:34.980
mostly
526
00:42:35.484 --> 00:42:36.605
crypto related.
527
00:42:36.765 --> 00:42:43.005
It's clear that they may have gotten a request from a certain set of people that they don't release
528
00:42:43.244 --> 00:42:50.520
something that would would break cryptographic proofs, but it shows that, like, we're getting close to that point. Right?
529
00:42:50.920 --> 00:42:54.920
I I I put out a couple of tweets on this. If you see my post from today,
530
00:42:55.160 --> 00:42:57.480
I took a number of screenshots,
531
00:42:57.720 --> 00:43:00.840
and certain aspects are more vulnerable than others.
532
00:43:01.080 --> 00:43:01.640
Like,
533
00:43:02.040 --> 00:43:03.320
hashes, lattices.
534
00:43:03.320 --> 00:43:07.855
There's like, these are pretty secure. There's not a lot of attack vectors. But, oh, over here,
535
00:43:08.335 --> 00:43:15.535
these set of things are are really getting opened up as as attack vectors. But some of the cryptographers put it in in perspective.
536
00:43:15.855 --> 00:43:17.900
It was like, okay. Before,
537
00:43:18.299 --> 00:43:20.300
it would have taken the entire
538
00:43:20.460 --> 00:43:26.940
timeline of the universe to crack this thing, and the big breakthrough is it only take half the time of the universe
539
00:43:27.259 --> 00:43:31.180
to crack this thing. But the fact that it's moving at all
540
00:43:31.615 --> 00:43:37.135
might mean that they can keep compressing that, and it might get to some reasonable amount of time
541
00:43:37.295 --> 00:43:38.975
to crack it. And so
542
00:43:39.295 --> 00:43:45.295
a lot of people at the event were... Took it pretty seriously, and they're like, most of the countries are trying to get post quantum.
543
00:43:45.740 --> 00:43:48.619
So most of these vulnerabilities go away
544
00:43:48.859 --> 00:43:50.859
by next year. China
545
00:43:51.500 --> 00:43:55.260
is trying to do it by '26. The US has a timeline for '27.
546
00:43:55.260 --> 00:43:58.140
Most of the countries expect to have it done by '28,
547
00:43:58.625 --> 00:44:02.305
and Google is set for all their commercial stuff, it'll be by '29.
548
00:44:02.385 --> 00:44:06.625
Because people used to talk about quantum as in like a 2035,
549
00:44:06.625 --> 00:44:07.825
2040 thing.
550
00:44:08.065 --> 00:44:11.585
Now everybody's talking about it more as a the next couple years.
551
00:44:11.665 --> 00:44:13.505
And if there's enough of these breakthroughs,
552
00:44:13.585 --> 00:44:15.490
it might be the next couple of months.
553
00:44:15.890 --> 00:44:16.610
So
554
00:44:16.850 --> 00:44:18.770
hopefully people are taking it seriously,
555
00:44:19.250 --> 00:44:20.050
and a
556
00:44:20.370 --> 00:44:21.970
lot of people work very hard.
557
00:44:22.530 --> 00:44:29.170
My hope is it'll be like Y two k. Bo, you're a little too young to remember. I was alive, but you know.
558
00:44:30.685 --> 00:44:40.445
I'm just giving you a hard time. But Y2K is like everybody was hyped about like how crazy it would be if the computers lost track of the the date and like what was gonna happen.
559
00:44:41.405 --> 00:44:58.495
Nothing happened. Like Yeah. No no data centers crashed, and no planes fell out of the
sky, and things. My computer at my house, the clock went haywire, and I hit reset on the clock, and it was fine. Right? So... But that's because a lot of people did a bunch of hard work to fix the problem.
560
00:44:58.735 --> 00:45:04.415
And so, hopefully, if people are taking it seriously, we'll have a y two k kinda moment. Q day will arrive and
561
00:45:04.415 --> 00:45:06.415
not a lot of critical things will break.
562
00:45:06.655 --> 00:45:12.940
So Yeah. That's that's the optimistic scenario, but there's some things in crypto that aren't easy to switch.
563
00:45:13.980 --> 00:45:17.420
Right? What do you do with Satoshi's coins? What do you do with
564
00:45:18.299 --> 00:45:20.060
wallets that are hard to upgrade?
565
00:45:20.299 --> 00:45:25.260
There's there's some the sticky questions, but I'm I'm pretty optimistic that most of the protocols
566
00:45:25.835 --> 00:45:30.075
are moving pretty quickly to address it. Well, that's easy. You call Craig Wright.
567
00:45:33.115 --> 00:45:35.835
Happens with Satoshi's coins on
568
00:45:36.154 --> 00:45:37.674
the hard forks of the past?
569
00:45:39.740 --> 00:45:41.099
That's
570
00:45:41.099 --> 00:45:43.580
part of why there have been so few hard forks.
571
00:45:44.220 --> 00:45:50.780
They don't like hard forks. They try to make everything a soft fork. And and for those in the audience that aren't familiar with the difference,
572
00:45:51.020 --> 00:45:52.780
hard forks are breaking changes.
573
00:45:53.585 --> 00:45:56.385
So... And I'm not aware of any breaking changes
574
00:45:56.464 --> 00:45:57.984
that have fundamentally
575
00:45:57.984 --> 00:45:58.945
changed
576
00:45:59.505 --> 00:46:00.704
the encryption
577
00:46:00.704 --> 00:46:01.665
around
578
00:46:01.744 --> 00:46:04.625
historical wallets. So that's what you would need to do.
579
00:46:05.505 --> 00:46:10.140
But if the user's not around to do a transaction to upgrade to the new thing,
580
00:46:10.860 --> 00:46:14.220
what do you do? Right? And there's 500,000,
581
00:46:14.220 --> 00:46:15.180
million coins.
582
00:46:15.340 --> 00:46:19.740
So they're they're... The Satoshi coins are kinda sitting there as a honeypot
583
00:46:19.900 --> 00:46:24.994
as a canary in the coal mine. Is anybody does manage to crack,
584
00:46:25.234 --> 00:46:31.155
the wallet encryption and and the original coins were on a a weaker version than what's used today.
585
00:46:32.115 --> 00:46:34.035
You know, we're gonna find out pretty quick.
586
00:46:34.595 --> 00:46:34.915
So...
587
00:46:35.670 --> 00:46:40.470
And that may be part of the hedging that's going on with people leaning on leaning
588
00:46:40.470 --> 00:46:41.990
in on Zcash.
589
00:46:42.309 --> 00:46:48.309
They're like, I wanna go with the thing that's recent encryption and post quantum and has all this baked in versus
590
00:46:48.615 --> 00:47:08.570
I don't know what the upgrade path looks like in Bitcoin. But like I said, I'm still optimistic they'll get there in general. The community's made us a bunch of proposals like, oh, maybe we should freeze those coins or no. They should be, you know, saved but, you know, recoverable in some complex way. We'll see how it plays out. But I don't think it's gonna be in five years.
591
00:47:08.970 --> 00:47:10.730
I'm starting to think it might be in
592
00:47:11.050 --> 00:47:12.970
a year or two, maybe sooner.
593
00:47:13.290 --> 00:47:15.210
Can I ask a Zika question?
594
00:47:15.290 --> 00:47:16.250
Oh, sorry. Go ahead, Kyle.
595
00:47:18.665 --> 00:47:20.905
Yeah. Let me just give this one on the topic.
596
00:47:21.785 --> 00:47:26.585
It's funny. We we talk about the situation claims. We talk about crypto security.
597
00:47:28.585 --> 00:47:31.945
We got way bigger problems if encryption
598
00:47:31.945 --> 00:47:33.305
is broken than
599
00:47:34.280 --> 00:47:38.840
crypto. Right? What's the market cap of crypto versus the market cap of
600
00:47:39.320 --> 00:47:41.320
the entire financial world?
601
00:47:42.599 --> 00:47:44.600
So, like, I feel like the...
602
00:47:45.400 --> 00:47:49.535
Things are going to move fast, and and there will be proof of concepts,
603
00:47:50.095 --> 00:47:52.015
you know, before
604
00:47:52.255 --> 00:47:58.415
before we get before we get to this. This will... I think this will be proven. People with more at stake
605
00:47:59.215 --> 00:48:01.215
will will have an answer
606
00:48:01.935 --> 00:48:03.615
before
607
00:48:04.760 --> 00:48:06.360
before this happens.
608
00:48:06.920 --> 00:48:13.320
Well... And and to their credit, a lot of people have already made the jump. So signal is already post quantum.
609
00:48:13.640 --> 00:48:17.575
They upgraded their algo a few years ago. And the banks,
610
00:48:18.295 --> 00:48:20.935
you know, call it a feature, call it a bug,
611
00:48:21.655 --> 00:48:22.615
aren't immutable.
612
00:48:23.015 --> 00:48:24.535
And so if somebody
613
00:48:24.615 --> 00:48:26.055
screws up their ledger,
614
00:48:26.455 --> 00:48:28.935
they can kinda just go to a backup because
615
00:48:28.935 --> 00:48:29.975
it's not
616
00:48:30.420 --> 00:48:31.220
permissionless
617
00:48:31.220 --> 00:48:36.820
or or immutable and things like this. Right? And so banks, to a certain extent, are are are
618
00:48:37.059 --> 00:48:39.700
insulated a bit by their slowness
619
00:48:39.700 --> 00:48:40.820
and friction
620
00:48:40.980 --> 00:48:44.415
and, you know, the fact that they can just use the database.
621
00:48:44.735 --> 00:48:46.655
They could just change the database
622
00:48:47.215 --> 00:48:49.855
and say the money's back there because there's nothing
623
00:48:50.095 --> 00:48:53.215
actually backing the numbers on their database. Right? So
624
00:48:54.095 --> 00:49:02.329
we'll see how it plays out, but I but I take your point. There's a lot of systems out there that are probably more vulnerable and have a lot more assets behind them.
625
00:49:02.650 --> 00:49:07.290
But I think most people are gonna get there. Signal's upgraded. Most of the major
626
00:49:07.769 --> 00:49:23.655
comm systems are getting upgraded this year or already did last year. So... Yep. No. No. I I I agree. It's just, like, sometimes I like to level set. It's like, alright. The first thing that goes down is not going to be crypto. Like, we're going to be having this conversation in many, many places.
627
00:49:24.295 --> 00:49:25.415
And crypto
628
00:49:25.900 --> 00:49:27.820
being the tech enthusiast,
629
00:49:27.820 --> 00:49:30.620
will, I think, be ahead of the curve
630
00:49:31.340 --> 00:49:33.820
on this rather than behind it.
631
00:49:34.380 --> 00:49:38.940
Just agree, Kyle. Our doge wallets are the most important thing to
632
00:49:39.180 --> 00:49:40.700
the solvency of this world.
633
00:49:42.085 --> 00:49:46.245
Yes. It's it's more likely that someone takes
634
00:49:46.485 --> 00:49:50.805
the private key that I have on the post it in my mailbox
635
00:49:50.805 --> 00:49:51.605
than...
636
00:49:53.845 --> 00:49:55.365
Yeah. True. We...
637
00:49:56.330 --> 00:49:59.690
No. It's funny. The thing that makes, I think, Q Day so
638
00:49:59.850 --> 00:50:15.265
different... Well, obviously, like, what the actual, you know, capabilities are. But but Y two k had, like, a very specific moment in time where it was like, it's going to happen at this moment. Q Day, we... I don't even know, like, are we gonna even know when it happens? Like, who...
639
00:50:15.985 --> 00:50:19.585
Has it already happened? Like, could be months
640
00:50:19.585 --> 00:50:22.705
after it actually occurs or is possible that
641
00:50:23.105 --> 00:50:29.740
we even hear about it. Or maybe not. I don't know. I mean, that's that's the part that I think is so odd about this.
642
00:50:30.620 --> 00:50:35.580
I I think we'll know within an hour. Oh, you think so when someone figures it out?
643
00:50:36.220 --> 00:50:39.900
Yeah. Because a lot of random stuff just starts breaking.
644
00:50:40.375 --> 00:50:41.015
Like,
645
00:50:41.735 --> 00:50:48.215
that's weird. And we've we've had events like that where, like, you have some major piece of Internet infrastructure,
646
00:50:48.615 --> 00:50:52.055
cloud flare flare has a problem or, like, some
647
00:50:52.375 --> 00:51:04.390
system involved in the Internet, you know, has has some fundamental issue. And, like, it has this cascading effect, and everybody breaks for an hour. You're like, why did that happen? And then it comes out like, oh, x y z got compromised.
648
00:51:05.109 --> 00:51:07.190
I think it's gonna be more like that. Because
649
00:51:08.655 --> 00:51:21.215
once somebody can do it and somebody else is gonna notice they they can do it, they'll reverse engineer pretty quickly how they did it. Mhmm. And then it just, like, the incentives are to move really fast.
650
00:51:21.375 --> 00:51:30.619
Yeah. Right? And, you know, but also the defense works the same way. Right? People lock down their systems. They, you know, freeze whatever they can freeze as far as like,
651
00:51:31.019 --> 00:51:35.795
you know, access points and endpoints and there's there's a lot of ways. So, you know,
652
00:51:36.995 --> 00:51:38.835
these systems are antifragile
653
00:51:38.835 --> 00:51:41.155
because people are antifragile.
654
00:51:41.155 --> 00:51:51.310
Right? We're not we're not statically sitting around waiting for it to happen. Like, there's a lot of things people are doing to prepare. So, you know, again, I hope it's a y two k moment,
655
00:51:51.790 --> 00:51:55.070
but some stuff could break. But anything that breaks,
656
00:51:55.230 --> 00:52:00.350
like, we know how to fix it. It's just, you know, how much data and,
657
00:52:00.830 --> 00:52:07.805
you know, money get lost along the way and, you know, who's gonna back it up. So we'll see. Well, it's interesting and exciting.
658
00:52:08.045 --> 00:52:13.645
I mean, I was talking to somebody about this the other day. How lucky are we to get to be around
659
00:52:13.885 --> 00:52:18.605
for the earliest days of, you know, computing, the Internet, and
660
00:52:19.250 --> 00:52:26.770
artificial intelligence and or super intelligence depending on whether or not you live in California or the other 48 states... Or 49 states, rather.
661
00:52:27.730 --> 00:52:28.609
Yeah. It is,
662
00:52:29.170 --> 00:52:36.575
how lucky are we to get to, you know, be here to see all of this? I I think that even every time I see, like, a really stupid slop video,
663
00:52:36.895 --> 00:52:53.760
I'm like, slop videos are gonna be a flash in time. Of like, remember when AI videos were like this weird, like, slop crap, and now it's, you know, everything's perfect all the time? You're trying to replicate the slop, but you can't? Like, it won't be that long from now that we'll look back on it and be like, remember that? That was crazy.
664
00:52:55.040 --> 00:52:57.120
And we got to live for that and that's cool.
665
00:52:57.840 --> 00:53:00.880
You know, it's funny, Bo. I saw a survey recently.
666
00:53:02.154 --> 00:53:03.994
Every single generation
667
00:53:04.075 --> 00:53:04.795
is
668
00:53:05.434 --> 00:53:06.795
increasingly concerned
669
00:53:06.795 --> 00:53:08.635
about AI except for one.
670
00:53:09.755 --> 00:53:11.835
There's one group of people
671
00:53:11.994 --> 00:53:16.070
that know how technology worked because they came of age
672
00:53:16.310 --> 00:53:20.710
when computers and the Internet, it's the millennials. Millennials. Yeah.
673
00:53:21.190 --> 00:53:25.750
Yeah. Millennials are not overly worried. The Gen z don't know how it works
674
00:53:26.244 --> 00:53:29.125
because, you know, especially, like, Gen Alpha,
675
00:53:29.205 --> 00:53:31.525
like, they've only experienced these
676
00:53:31.845 --> 00:53:34.005
abstraction layers, and they've got a phone.
677
00:53:34.325 --> 00:53:45.530
They might not even have a laptop, and they've... They they
don't remember the early days. And the boomers, like, were totally out of, you know, phase for when this stuff came. But millennials, like, are the tech support
678
00:53:45.770 --> 00:53:57.435
for most of the generations up and down. And they're like, no. Like, we're gonna be okay. Like, I've been through this a few times. We'll we'll figure it out. But it was kinda funny too. Yeah. The
679
00:53:57.435 --> 00:54:05.275
only generation... Yeah. We're not worried. Like That is crazy. It is kinda like the defining feature of millennials. I mean, it really is because you're old enough.
680
00:54:06.250 --> 00:54:09.050
Well, so I guess my birth year is '95,
681
00:54:09.050 --> 00:54:16.010
so it's either the first gen z year or the last millennial year, depending on who you ask. And then the millennials are... What... Was it 85
682
00:54:16.250 --> 00:54:21.745
is the... On the other end of the spectrum, or 80 maybe? The other end of the spectrum. 84 to 2004.
683
00:54:21.745 --> 00:54:35.010
I go by the twenty year generation. Okay. Some people fifteen or ten years for some reason. Yeah. But, yeah. But, yeah. It's it's just so interesting. And, like, that's the thing I was saying to this other person is, you know, thousands of years of history happened
684
00:54:35.090 --> 00:54:36.370
for basically
685
00:54:36.450 --> 00:54:43.650
a twenty year period where information just changed, like, at a scale that was not even fathomable prior,
686
00:54:43.810 --> 00:54:47.995
and we got to be there to see it. You know, it's like, it's really, really cool.
687
00:54:49.035 --> 00:55:02.155
But, yeah. Anyway, I mean, that was that was pretty much all I had this week. The only other thing to put a pulse on is, I mean, this just dropped like an hour ago or so, was there's a trailer that Netflix is doing a series
688
00:55:03.090 --> 00:55:07.010
on FTX. I don't know if you saw that, the Altarist. So
689
00:55:07.570 --> 00:55:13.890
we did it, Crypto. We made we made it to the big time. That's that's great. Really, really happy about that.
690
00:55:14.370 --> 00:55:14.770
Yes.
691
00:55:15.795 --> 00:55:23.315
Oh, man. They're always gonna pick, like, whatever worst thing ever happened in the industry. The weird thing for me is I I
692
00:55:23.635 --> 00:55:25.635
don't think they were part of the industry.
693
00:55:26.994 --> 00:55:29.155
In a lot of ways, FTX
694
00:55:29.155 --> 00:55:30.675
was... It was TradFi.
695
00:55:31.779 --> 00:55:36.740
Right? It was a centralized hedge fund that turned into a centralized
696
00:55:36.740 --> 00:55:37.619
exchange
697
00:55:38.099 --> 00:55:41.540
that tried to get The US to outlaw DeFi
698
00:55:41.859 --> 00:55:43.619
and then kinda blew up
699
00:55:44.945 --> 00:55:49.105
and and went bankrupt because everybody realized they didn't have the assets
700
00:55:49.505 --> 00:55:50.625
on chain,
701
00:55:51.025 --> 00:55:52.865
and then it all kind of unwound.
702
00:55:52.865 --> 00:55:55.345
But that's the weird thing. Like,
703
00:55:55.825 --> 00:55:56.865
I never met the guy.
704
00:55:58.290 --> 00:56:01.570
I've spoken at a 120 crypto conferences
705
00:56:01.890 --> 00:56:03.650
over fourteen years.
706
00:56:03.810 --> 00:56:06.450
Yeah. He wasn't there in the early days.
707
00:56:06.690 --> 00:56:09.170
Like, he showed up so late.
708
00:56:09.330 --> 00:56:10.690
I remember his interview
709
00:56:11.405 --> 00:56:13.485
when he was debating Eric Voorhees.
710
00:56:14.445 --> 00:56:15.725
And so Good.
711
00:56:16.445 --> 00:56:18.845
Didn't know about Mt. Gox
712
00:56:19.244 --> 00:56:21.485
and what happened to Mt. Gox.
713
00:56:21.565 --> 00:56:22.445
And it's like,
714
00:56:22.845 --> 00:56:25.645
how do you be in this industry and not know,
715
00:56:26.559 --> 00:56:38.080
like, about the collapse of Mt. Gox and, like, what led to it? And I was like, oh, that doesn't that doesn't bode well for your, you know, risk assessment criteria for, like, you don't know what happened to Mt. Gox.
716
00:56:38.960 --> 00:56:43.325
That, oh, you showed up a couple years ago. You weren't there
717
00:56:43.725 --> 00:56:53.325
in '13 or even '17 showed up way late in the industry. Yeah. It was like '19 or so that they showed up. Yeah. Yeah. And they showed up out of nowhere and scaled infinitely.
718
00:56:53.610 --> 00:56:57.210
Oh, we have infinite dollars. We're buying football stadiums,
719
00:56:57.210 --> 00:57:03.370
and we're really smart. You guys are really dumb, and this should all be regulated, and all we should we should get the license. So everybody's like,
720
00:57:04.490 --> 00:57:05.770
what? Like,
721
00:57:06.010 --> 00:57:10.385
get out of here. Yeah. And then it all fell apart. So don't know.
722
00:57:10.705 --> 00:57:12.865
There's so many things in
723
00:57:13.025 --> 00:57:13.984
2021
724
00:57:13.984 --> 00:57:15.665
that were, like, LARPing
725
00:57:16.145 --> 00:57:17.585
as blockchain
726
00:57:18.224 --> 00:57:22.305
that were actually just companies using the words, but they weren't using
727
00:57:22.809 --> 00:57:25.690
smart contracts and none of it was decentralized.
728
00:57:25.770 --> 00:57:28.490
Like all the was open source. Yeah.
729
00:57:28.970 --> 00:57:36.089
Yeah. All the real DeFi stuff did fine. Like Uniswap's doing great. Aave's doing great. Compound's doing great. Like the actual DeFi stuff
730
00:57:36.775 --> 00:57:40.215
kept on working after all these things that were LARPing
731
00:57:40.375 --> 00:57:44.295
as DeFi went away. So anyway, that's that's kind of my thing. It's like,
732
00:57:46.215 --> 00:57:50.135
Bernie Madoff was the stock market. Like, he was one of the chairmans
733
00:57:50.135 --> 00:57:53.110
of, like, the markets. Like, he was,
734
00:57:53.510 --> 00:57:56.950
you know, part of that machine, but it never really felt like...
735
00:57:58.230 --> 00:58:05.990
I don't know. It's just... Yeah. That's a really good take actually, David. It's interesting. I I I...
Like, I knew that, but I never really thought of it through that lens. And and also,
736
00:58:06.815 --> 00:58:07.935
there's been like...
737
00:58:08.975 --> 00:58:14.895
It's funny. Crypto is like one of those industries where it's been around for, you know, what, fifteen years now, give or take.
738
00:58:15.535 --> 00:58:22.160
And and then DeFi maybe a little less than that, but, you know, more than a decade. And it's still the... It's like the perpetual,
739
00:58:22.160 --> 00:58:23.200
we're early
740
00:58:23.520 --> 00:58:24.080
thing.
741
00:58:24.640 --> 00:58:26.480
And and there's a lot of people who
742
00:58:26.800 --> 00:58:36.065
think like, oh, well, how could that possibly still be true, you know, a decade or more into an industry existing? But it's because a lot of the things that they're benchmarking weren't actually,
743
00:58:36.705 --> 00:58:41.025
like, built on what you and I are talking about when we say crypto,
744
00:58:41.505 --> 00:58:45.105
or when we say, like, DeFi, or when we say decentralized AI.
745
00:58:46.040 --> 00:58:46.760
And if
746
00:58:47.160 --> 00:59:02.745
you only drill down to those, like, really core principle things, they have not been around that long. Or maybe the idea has been around for a while, but you couldn't actually execute on it until pretty recently for a lot of this stuff. Mean, think about even the ICO craze.
747
00:59:03.065 --> 00:59:07.385
How many of those projects could do the thing that they said they were trying to do?
748
00:59:07.785 --> 00:59:11.465
Sure. Well, it's... We're about to hit the ten year anniversary.
749
00:59:11.785 --> 00:59:15.065
So so my friend Vlad, I've been on his podcast,
750
00:59:15.560 --> 00:59:16.600
he had
751
00:59:17.000 --> 00:59:19.400
one of the key ceremony computers,
752
00:59:19.400 --> 00:59:25.000
or what was left of one of the key ceremony computers because they destroyed them all from the creation of Zcash.
753
00:59:25.160 --> 00:59:31.000
And he had all these pieces in a box, and it's like got the original shipping label, and it's October 2016.
754
00:59:31.575 --> 00:59:34.215
We're about to hit the ten year anniversary
755
00:59:34.455 --> 00:59:35.495
of Zcash
756
00:59:35.575 --> 00:59:47.590
and Zuko was on stage today and he's like, honestly, the breakthrough's been the last year when all these wallets got so good and it became easy to use. Yeah. Right? And so I checked out, you know, the different
757
00:59:47.670 --> 00:59:48.470
Zcash
758
00:59:48.470 --> 00:59:53.510
people and I I was impressed. Like, it was one click kind of onboarding stuff now
759
00:59:53.830 --> 00:59:56.790
for stuff that was really technical
760
00:59:57.174 --> 01:00:03.575
even three to five years ago. So, yeah, I mean, that's a really good point. And that should be our challenge
761
01:00:03.974 --> 01:00:05.734
in decentralized AI.
762
01:00:06.135 --> 01:00:06.775
Like,
763
01:00:07.095 --> 01:00:13.890
we can't just leave it as a protocol. We gotta keep building these layers that make it easier and easier. So
764
01:00:13.890 --> 01:00:15.250
we're definitely getting there,
765
01:00:15.970 --> 01:00:21.330
and we just gotta keep building up that ease of use so that people can onboard
766
01:00:21.410 --> 01:00:32.095
with one click and, like, we're gonna get there. It's only a matter of time, but it really encourages you to see usage running up. I I do have... Actually, that reminded me, I do have a Zcash question if we got an extra minute.
767
01:00:32.575 --> 01:00:42.335
If if you guys know. I I remember earlier this year, there was a bunch of FUD around some type of thing that was discovered, and then it became, like, a question as to whether the actual
768
01:00:43.230 --> 01:00:56.430
total supply was the actual total supply. Do you do you know, like, what ended up coming of that? Because obviously, the... It's performed really well since then, which tells me people much smarter than me have realized that, oh, this was FUD and it's probably fine.
769
01:00:57.515 --> 01:00:59.915
So, you know, no protocol
770
01:01:00.155 --> 01:01:19.270
doesn't have issues. Like Yeah. Bitcoin had an inflation bug. Bitcoin had had an accidental hard fork, and people fixed it. Right? And things keep moving. Right? So all software is imperfect. But to the credit of the Zcash guys, I think the incidents you're referring to is a powerful new model came out.
771
01:01:20.150 --> 01:01:25.585
The guy that always runs the audits, like the model came out on a Thursday.
772
01:01:26.145 --> 01:01:28.545
He ran a new audit on a Friday,
773
01:01:29.185 --> 01:01:34.865
found and disclosed the bug to the open source developers, and they shipped a fix by the Tuesday.
774
01:01:35.185 --> 01:01:35.825
So
775
01:01:36.545 --> 01:01:37.265
it's like
776
01:01:37.680 --> 01:01:44.240
in theory, somebody could have abused it, but, like, the people that really cared were on top of the security
777
01:01:44.480 --> 01:01:46.560
Yeah. And implemented the fix very quickly.
778
01:01:46.960 --> 01:01:50.240
And Zcash has sort of, like, these epochs
779
01:01:50.454 --> 01:01:51.735
with their upgrades,
780
01:01:52.055 --> 01:01:57.734
and you can know after an epoch whether like everything passed through the turnstile
781
01:01:57.734 --> 01:02:03.015
is now like, yes, the numbers all add up Mhmm. And everything's added up. So
782
01:02:04.240 --> 01:02:09.280
it kinda seems like a nothing burger, like people that wanna attack CCash were like, look, you had an error.
783
01:02:09.760 --> 01:02:12.720
But it was caught by the community, fixed by the community,
784
01:02:12.800 --> 01:02:15.200
and there's no evidence of abuse. So,
785
01:02:16.160 --> 01:02:27.835
like you're saying, I think the consensus is like they did a really good job of, like, catching something and fixing it very quickly. So, like, beyond reasonable doubt, it's fair to say it's probably was not abused.
786
01:02:27.994 --> 01:02:36.990
I mean, we can't know for sure, obviously, but, like, based on the checks and balances as they exist, which are kind of always the checks and balances that you're measuring against,
787
01:02:37.390 --> 01:02:53.745
there's no evidence that it was a problem. Okay. That makes sense. Yeah. I knew it was something like that. I just didn't know exactly kinda what had happened. And But then it's one of those things where, like, the price recovers and it continues, and then I'm like, alright, well, I know people personally who I trust their technical ability far more than mine.
788
01:02:54.065 --> 01:03:04.940
They're interacting with this, so it's social proof, right? Which is not the best way to do things all the time, but, you know, it is the reality of less technical people, I mean, most of the time.
789
01:03:05.420 --> 01:03:06.060
Yep.
790
01:03:06.460 --> 01:03:15.555
Cool. Well, you guys, I mean, thank you as always, David. I know it's extremely late. It is tomorrow where you are, so we can get we can get out of here, unless if you guys have anything else.
791
01:03:16.835 --> 01:03:22.915
That's it for me. Keep being awesome, guys. Thanks for hosting, Bo. Yeah. You got it. I will talk to you guys soon. Take care, everybody.