AMA 12/10/2022

Cardano gets a bad shake in the media because The Block's CEO took bribes from FTX, which paid to attack legitimate projects.

Vasil shipped after a three month delay, and now FTX's dirty laundry is confirming what many suspected for years.

2022 has been a hard year, with the market down from 2.6 trillion to under 900 billion, ada off 73 percent, and counterparties disappearing.

What keeps people here is principles, not money, and it is time for the industry to return to first principles.

If you are here for a 10x you just saw the result, but changing the world is harder and gets you called a ghost chain.

Mithril and Hydra are in a great place, seen running Lace and SundaeSwap at RareBloom, alongside publishing CIP 1694 and input endorsers.

Prices are not correlated to progress, since the crypto market has always been irrational.

Ergo is one of the most innovative chains with useful proof of work and NiPoPoWs yet ranks low, while Litecoin is just an old Bitcoin fork.

GDPR needs a confidentiality stack, not just DIDs, and its right to be forgotten means blockchains cannot comply, which is why Midnight exists.

The side chain model dates to 2016, with Cardano's settlement layer and computation layer, one main chain and a family of side chains.

A partner chain gets security, infrastructure, and liquidity from the main chain, and pays its block rewards to SPOs and ada holders.

You could make Solana a Cardano side chain with faster consensus, so it inherits security and Cardano becomes the backbone of a multi chain ecosystem.

Transactions settle quickly but reach full finality after about 15 blocks, a topic explored in the Ledger Combiners paper.

Throughput and finality trade off against each other, and the holy grail is improving both at once, which BFT protocols help provide.

Tiered fees and transaction prioritization are bundled with the input endorser CIPs, and Ouroboros Genesis is tentatively slated for 2023.

One day he wants to finance a graphic novel and a Snyder cut style campaign to rewrite Game of Thrones seasons seven and eight.

The medical clinic in Gillette is geothermal and 10,000 square feet to start, with a compound pharmacy, hyperbarics, and anti aging research.

The web5 stack is an elaborate overlay to add what Bitcoin lacks, when you might as well just build a server.

If the SEC called Cardano a security it would have to sue, but nothing looks security like, and then Ethereum and Bitcoin would be too.

Regulation by enforcement is arbitrary and brutal, and the Ripple case is rumored to settle on December 15.

The United States does not get to decide whether Cardano lives or dies; the world does, because it is a decentralized ecosystem.

Refeeding syndrome is a real risk after a long fast, avoided with fasting salts of sodium, magnesium, and potassium.

Five days without food on about 40 calories a day feels fine, with labs that look better than before the fast.

For fast weight loss use a protein sparing modified fast from the Cleveland Clinic in the 1970s, not an extended fast.

An extended fast is for a cleanse, since autophagy eats senescent cells, resets the microbiome, and purges accumulated nastiness.

A tour of secret societies runs from Soviet Masonic lodges to Hitler's Thule Society and the SS modeled as an occult order.

People believe in the Illuminati because things happen that make no sense, like a country of 300 million led by an 80 year old with dementia.

AI could forensically expose corruption by finding consistently poor decisions that carry no consequences.

Max Kaiser knew Bitcoin early and had MaxCoin, then flipped to all Bitcoin and compared Hoskinson to Epstein; a stage performer who was bought.

Anyone selling you on ISO 20022 compliance is a fraud, since it is a non issue and banks already hold non compliant Bitcoin.

Lion's mane cognitive studies are too small, so the Gillette clinic will run proper imaging studies with SPECT and MRI scans.

NFT royalties push an asset toward being a security because you get a guaranteed revenue stream, so treat them within a security token framework.

Staking is not a security because you do work, and only 71 percent of ada is staked while 29 percent earns nothing.

The community is front running NFT standards, and the eventual consolidation is driven by commercial adoption, not a top down decision.

Used correctly, psychedelics like psilocybin help PTSD and depression by resetting the default mode network (Michael Pollan, Roland Griffiths).

He uses a Muse S headset for meditation readings and wants a better dry EEG, AI driven meditation system that does not yet exist.

What worries him is satisfying his many commitments, since obligation free he would die happy after 72 countries and meeting heads of state.

Self forgiveness is crucial, because carrying an eye for an eye grudge is poison that hurts you for the rest of time.

He prefers Five Guys over In-N-Out, and reasonable people can disagree.

Snowden swore an oath and fled to Russia, so he is not a hero like Mandela or MLK, who stayed to face the injustice.

The way to keep the wokies from taking over IOG the way they did Twitter is that IOG is not a publicly traded company.

The Cardano constitution rests on three pillars, the first being consent of the governed via the liquid feedback in CIP 1694.

The second pillar is institutions to handle complexity, like the Foundation, IOHK, the MBO, and the Edinburgh Decentralization Index.

The third pillar is a constitution that protects against mob rule, for example preserving the 45 billion ada deflationary monetary policy.

There is no BMW partnership at his level, and Mercedes once wanted to do something but built on Ethereum.

Midnight stayed in R&D for four years and was announced once the programming model was ready, learning from Plutus's long live beta.

Cardano chose consensus and decentralization first, so Midnight, which inherits those from Cardano, focuses on programmability first.

The Open Wallet Foundation from the Linux Foundation could be a good home for open, certified wallet standards.

There is no value in debating Richard Heart, since he would rather defend the industry and Cardano's fundamentals than clash personalities.

Lace launched its beta on Ada Lovelace's birthday, with mainnet in Q1, as a portal for assets, identity, and a dapp store.

ChatGPT feels an order of magnitude more lifelike than earlier chatbots, and Turing test passing bots are three to five years away.

AI becomes an agent that replaces Google search, describing what you want back to you like the Antiques Roadshow in your pocket.

AI will do paralegal and research work instantly, Kasparov's idea of centaurs applied across the knowledge economy.

The Genesis multisig is gone after Voltaire, as already elaborated in CIP 1694.

Polkadot is a good ecosystem with good people, and Gavin Wood has done a good job.

He wanted the hydrogen economy to win, because battery cars do not fit the existing extract, transport, and distribute energy infrastructure.

Hydrogen made from natural gas with carbon sequestration keeps the same supply chain and emits only water vapor from the tailpipe.

Geothermal is the best carbon negative energy, and 19 geothermal holes heat and cool the entire 50,000 square foot clinic.

Mithril is a high priority on the Lace roadmap, since a light wallet really needs it and it is maturing quickly.

The World Economic Forum is just very wealthy people paying to tell everyone how much better they are, with nothing of value there.

An idea for a civilization reboot style book with chapters on AI, agriculture, medicine, and crypto tied together by a unifying theme.

A glacier drop is an airdrop you redeem by solving a puzzle like a VDF, avoiding custody and a tax event until you claim it.

The crypto media avoids and attacks Cardano fundamentally because they do not make money from it.

An Amsterdam late night waffle run ends with a drunk bearded man running into him calling himself the Iceman, later revealed as Wim Hof.

A subversive philosophy takes over a society in four stages: indoctrination, institutionalization, criminalization, and gulagging.

Nazism was a state religion and death cult rooted in the Thule Society, with soldiers fighting on the meth Pervitin like Viking berserkers.

Sam Harris has brilliant thinking skills but has been co opted by ideology, poisoning the well and losing a great mind.

Fully homomorphic encryption can fit AML if everyone has a decentralized identifier and there is a view key to verify transactions.

The Monero community thinks a lot about Midnight without actually knowing anything about it.

MLK's approach of showing humanity produced the 1964 Civil Rights Act, unlike a zero sum burn it all down war.

Transhumanism will create augmented human supremacists, and capitalism has no answer for AI erasing a third of jobs, as Andrew Yang warns.

Blockchain encodes belief structures like privacy, identity, voting, and rights that history shows are a rare and fragile blip, not permanent.