2019-05-16 · timestamps by ADAtainment
UPD 05/16/2019
- Recaps Consensus 2019, noting the shift toward enterprise attendees, heavy-handed conference security, and a growing preference for Asian and smaller industry events.
- Corrects crypto press misreporting on a Mongolia MOU, clarifying real talks with local blockchain groups and praising Pharma Trust's counterfeit medicine work.
- Announces David SR as Cardano's senior product manager and previews a redesigned roadmap built as a living document with Byron retrospectives and Shelley KPIs.
- Details upcoming Cardano tech: consolidated multi-sig designs with hardware wallet support, staking-ready multi-sig addresses, and the Bech32 address format.
- Rebuts the Monero community's claim that his auditable back doors comment implies a Cardano backdoor, clarifying it was actually about Polymesh's compliance features.
24 entries
Opens the video to recap Consensus 2019 and preview his response to backlash over an earlier comment about auditable back doors.
Attends his first Consensus since 2017, finding it about half the size with enterprise booths from Microsoft, IBM, and Deloitte replacing much of the crypto crowd, and feels like an old-timer among thousands of new faces while mostly hanging out with the Polymath team.
Recounts security guards heavy-handedly checking badges in the basement sponsor rooms and threatening to have Polymath's own team removed for trespassing.
Wasn't officially invited among the 450 speakers but still found ways to speak three times, remains unsure if he'll return in 2020, and prefers the industry's pivot toward conferences in Asia along with smaller events like Bruce's, Satoshi Circle, Pavel's gatherings, and the Bitcoin Incredible party in Ukraine.
Highlights the CFTC running a whistleblower booth at Consensus, explaining rewards of up to 30 percent of a violation, including a past 30 million dollar payout.
Concludes these conferences rarely justify their cost unless the ticket is free, noting nothing major was announced in 2019.
Covers Polymath's teaser announcement of Polymesh, a dedicated blockchain built for security tokens, following productive talks with security token industry players and regulators about audit and issuance requirements.
Calls out crypto press for sloppy reporting on a Mongolia MOU and offers journalists a pro tip: contact the company for comment before publishing.
Clarifies there was no MOU with the Mongolian government or Pharma Trust; the real agreement is with two leading Mongolian blockchain groups to discuss a training course like the one done in Ethiopia.
An air quality pilot with a private vendor, interest in working with the city government of Ljubljana, and praises Pharma Trust's fight against Mongolia's counterfeit medicine problem, where up to 40 percent of rural drugs are fake, though crypto journalists wrongly spun this into a false partnership claim.
He's finishing his last day in New York before flying home to Colorado, then lays out a busy travel schedule including Tel Aviv in June, a possible Uganda trip in July, and a Japan keynote around June 8 to 14.
Plans to cut travel sharply after July, spend more time in Colorado, and focus on losing weight and getting healthier.
Announces David SR as Cardano's senior product manager heading to the Cardano Effect to unveil a redesigned roadmap built as a living document with retrospectives, pushing back on FUD by listing Byron's accomplishments and defining KPIs for milestones like Shelley and Goguen.
A Shelley testnet status update is coming soon with progress looking good, and praises how the wallet back end and its Rust integration are shaping up.
Reports exchanges remain engaged and that multi-sig support is coming for Shelley, having consolidated six competing designs into one.
Describes a hardware-based multi-sig concept pairing a mobile app for pending transactions with ledger device signing, developed with Vacuum Labs, and notes multi-sig addresses will also need to support staking delegation.
Confirms Cardano will likely adopt the Bech32 address format for Shelley, crediting Blockstream's work on it.
Wraps up his Consensus media appearances, including BlockTV, CNBC Africa, and Forbes' Rachel Wolfson, compares the event unfavorably to a larger, cheaper conference from 2018, and mentions running into Tone Vays with openness to appearing on his show.
Brushes off a viewer's complaint about project delays with a sarcastic jab to go buy Tron, then credits Justin Sun's relentless marketing hustle.
Addresses the backlash over his auditable back doors comment, calling the Monero community's interpretation of it insane.
The actual concept: an opt-in audit capability embedded in a transaction that lets a chosen third party verify claims, illustrated with a commodity and cash trade example for auditors like PwC, while noting current SNARK-based privacy technology makes this hard to enforce and arguing users should have the right to choose what they disclose.
Monero's community, spearheaded by founder Fluffy Pony on Twitter, twisted the comment into a false claim that China and the United States have backdoors into Zcash and Cardano, and clarifies the original comment was about Polymesh, a regulated ledger for broker-dealers, not Cardano at all.
Flatly there are no Cardano back doors, and adding one would require a public improvement proposal, written code, and client adoption to activate.
Reflects on how misinformation spreads through the space and why he uses Twitter and video to counter it before signing off, teasing good news to come.