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And the reason that is is because I think for a lot of people when they look at the surface of Blockchain world, they think, well the power of capital, no matter how democratic you want, you know, your Blockchain economy, to be, the power of capital will always prevail because, anybody can make sort of any amount of wallets or identities. There's no way to verify that one person is a single identity and therefore the default way that a lot of these systems and applications are sort of governed is sort of through how many tokens do you own. And therefore, if you own more tokens, you have more power. And that looks exactly like the same type of economy that we have today in which people with a shit ton of money are able to have also a shit ton of power at the same time. And so part of this issue or, like, the way that people have responded to this issue, of course, is trying to find, ways around it. There are some solutions out there that I think are worse or better than others. You know, we've heard of things like proof of humanity but that is one that's sort of in my opinion, proof of humanity to me looks sort of like a privacy nightmare in the long run. So I'm not like a huge fan of that type of system. But there are other more interesting ones and one that caught my eye was one called Idina. And Idina is something that is a separate blockchain and it also preserves people's privacy who are able to but but also creating their own identity and verifying that identity. So we're gonna go into how that happens and how that works. I was in contact with one of the core engineers of the project who wanted to stay anonymous so he didn't want to be interviewed but the Idina community, came up with a couple of people who wanted to come onto my show and sort of explain what Idina is, why it's important, and what are the implications of it. So we're gonna go into that. So I have two people with me. I have Trav Crypto and L Traveller, who are both, if you can't tell, pseudo anonymous names, because we like to preserve privacy here. But yeah. Hey, guys. Thanks for coming on. Do you guys want to, like, maybe give just, like, a quick introduction to yourselves? My nickname is Elle Traveler. I became into the project, like, one year and a half or two years. I don't remember exactly. And, that project touched me because well, first of all, I was looking, like, for something that could give me a chance to get into the crypto without any investment because I was kind of new into the crypto. And I start to read, and I and first, what catch my attention, it was like, wow. You don't need to buy anything. You need just to solve flips, and you're getting rewards. And step by step, it becoming, like, pretty fun to solve something every 20 days, and then you're getting some crypto. And then at the end, after three or four validation ceremonies, you have, like, amount of money, which is not a big money, but it is money. And then I start to develop my own script, which is called Idina runner, which helps people to run Idina in in the Linux server without, like, knowing a lot about Idina in interactive way. And then I start to do my own YouTube channel, which is Crypto Retail, which is now focused on IDINA blockchain to explain everything, especially, like, in a technical way for people. And that's how, yeah, that's how I got into the IDINA world. And we'll explain all those things that you mentioned in a little bit. So I know some people might be confused. Hey, guys. I'm Trav. I go by Trav crypto online and different socials. I've been a part of the Idina community for about a little over two years now. But, like most people, I started out kind of out of high school with personal finance, kind of diving into economics. That got me interested in cryptocurrency. I started reading white papers like Bitcoin and Ethereum. That kind of got me more interested in blockchain technology and then more importantly, proof of or different consensus mechanisms that actually govern blockchains. So I I came across Idina because I was searching and searching for a blockchain that wasn't based solely on, kind of how much money you had or plutocracy, but rather, a blockchain that's open and welcoming for anyone to participate in. And it's actually the first blockchain that I ever was able to, as a nontechnical person, very easily set up a full node and participate in the actual validation of the blockchain. Nice. Cool. So maybe, like, Trav, if you want to start, can you give us like a high level explain like I'm five, you know, what is Idina? Absolutely. Yeah. So, first of all, I wanna lead off with, you don't need any experience in cryptocurrency or blockchain to participate in the IDINA community. You could actually, without any funds, basically just a device and yourself, proof of person, which I'll dive into momentarily, you can participate in Idina and start validating, on the Idina blockchain. So what Idina is essentially is a block layer one blockchain that uses the consensus mechanism proof of person. And what that means is unlike proof of work where you need lots and lots of computer power to participate in the network, That would be one example would be like Bitcoin. Or unlike proof of stake where you need a lot of resources or money, or a certain amount of the given cryptocurrency to participate, IDINA, you can participate just by being a human. Right? Just by proving, your personhood, which is really cool and welcoming for everybody. And just to give a brief kind of explanation of how to get started, you could go to idina.io, and that's the website that basically breaks down how to participate in this proof of personhood, blockchain. Yeah. I think, there is one thing that the difference like, the main difference between other blockchains that other blockchains using the power of your money or the power of the hardware that you have. But the Idina blockchain is using the power of your brain. So it's like you are investing your brain into the fair democracy because there is very hard to have many identities. Yes. You could have one more, preferably two more identities, and you can pass the validation, like, simultaneously, but this is the maximum. So that's how the blockchain protect themselves out of, cloning, you know, like, the identities and so on. And this is very important. Yeah. Do you want to maybe explain exactly what the proof of personhood consensus mechanism is, how that works? I think you will start and then I will add something. Yeah. Yeah. So, like we mentioned, there's kind of a good synergy between me and l traveler because, I like to give kind of a broad high level overview, and then, of course, he can dive into the more technical details. So we're a good duo in that sense. But so as I just mentioned, Idina is a blockchain that anyone can participate in. That was the point I was trying to hit home. But more importantly, as Elle Traveler mentioned, all you need is basically yourself and the ability to solve a puzzle called a flip. This is kind of the key point. It's a validation ceremony that currently happens once every approximately three weeks that anyone in the world can participate, whether it's your first time or for some of our community members, maybe your eightieth time. You can participate in this validation ceremony. And and the whole goal from a high level perspective, is just to prove that you're a person, to prove that you're not a bot, to prove that you are in fact a human being and that you're participating in the network. And how we do that is through this validation ceremony where you solve a flip, and the flip is essentially four different pictures in a given order side by side with four other picture four of the same pictures, sorry, in a different order. And you have to prove, as a human, which of those orders make makes logical sense. And so you just you have a time limit, and you you select which flip is correct, and that proves that you are a human. So now lTraveler can kinda dive into the more technicals of that and and how it works as a system. Okay. So, we have, two types. I mean, the whole ceremony, we could divide into the two parts. Like, the first part, it's a, qualification part, and then we have a main part, like a main ceremony. For the first part, we have just one minute and forty five seconds. And the purpose of that part is to protect the Blockchain out of people who want to solve, the the validation ceremony from many identities because of the qualification part is very short. Like, you don't have enough of time to solve from many identities. Yes. It is possible, and and some people are passing from two or three. Even I saw from four identities. But I will I will talk about it later because it is very important to pass that qualification part in a maximum score that you could get. Why? Because depends of that, you will get the identity status. So for now, we have, three four, actually, identity statuses, like a positive, and two identity statuses, which is negative. So from the positive statuses, we have a candidate, which is it is the first, ceremony. When you are passing the first ceremony, you are transforming your identity from candidate into the newbie. So to get into the into the ceremony, you have to get an invitation code, which is very important because that's how the blockchain protect themselves out of joining lots of bots. Because when you cannot create a botnet because to each of the identity, you need a, their invitation code. So since you get into the, candidate part, then if you pass the ceremony, you're becoming to newbie. After the newbie status, you are becoming into the newbie with a number like one. So you have to pass two times with the newbie status. And then at the end, you'll get identified status. And if you're have enough of, epochs age, each of the epoch giving you one more age. So if you have enough of epochs, then your status and if if you have enough of epochs and you have enough of score, then you're transforming yourself into the human, which is maximum status. It is very, very important. Maximally human. Yes. Maximally human. Yes. And so now let's go back about the passing validation from many identities. So if you're passing through two or three identities, of course, you the chance that you're gonna get mistakes are higher. And the more mistakes you're guessing, the less your status is gonna be. So but only human protect himself from the loss of the stake, And we are gonna talk about later about the staking mechanism that's gonna be announced, earlier. Like, after the last hard fork, the the new mechanism of Quadratic staking has been announced and has been integrated into into the blockchain. So this is very, very important how the blockchain protect themselves from cheating the system to having many identities. So if I could summarize. So based on, like, my research and and playing around with it and doing it, basically, you need to get in first off, in order to be considered for being a human on the Idina network, you have to go through, like, some training even first before that, I know. And you do the training where you see how sort of, like, these flip puzzles work in which it's four kinda funky looking pictures sometimes or, like, just, like, stock images that aren't necessarily related to each other. But if you look at them carefully, you can see that they're they're telling, like, a very basic story. Like, the trash is filled up, someone is taking out the trash, and then someone is putting a new bag in the trash can and then placing the trash can and, you know, the room or something like that. And then on the other side, you'll see the same picture has been the wrong order. It doesn't make any logical sense why it would be in that order. So it does there's some, like, cognitive, like, efforts you have to make to, like, figure out and, like, I got some wrong too, and I was, like, I felt like an idiot even though, you know, some of them are kinda weird. But, like, doing that, I think after you do, like, a few of the training, I think then you get an invitation code. And then with the invitation code, you can do, like, the official sort of, like, show up at, like, the every 20 days based on, like, the block time, I think. You have a thing where you you go and you try to set you do the same type of practice, I think, maybe four times. We only have, like, two minutes or something like that, very short amount of time to be able to do them. And if you do, like, even doing one, you know, it's going to take some time. So it's, like, crazy if you can do, like, a bunch of them. But, yeah, indeed, if you do that, then that means that, like, you're probably not going to do it very well. And I believe you're not doing even the it's not like it's the same test every time for every person either. So, like, you can't, like, you know so there's, like, what is interesting to me about it is that it it is kind of like a cybernetic system in that it's not trying to, like, heavily enforce one person, can only have one identity and, like, like, you get punished if you if if you even try. But they say, okay. Try, but you're probably not going to do very well, if you try to do, like, two or something like that. Exactly. And there is one more thing that it's at from the beginning, it's established the connection between people who invite, who give an invite, and who take invite. Because the person who is giving an invite, he's getting rewards, and rewards kind of high. So the person who are giving you invite is motivated to teach you how to solve and to remind you to go into the validation ceremony because you are motivated to get rewards from the blockchain. Because if you are passing if if you're if the identity that you have invited passed the whole process from candidates to identify it, you'll get the maximum reward, which is kind of high reward, you know, like, in comparing of other rewards, like, for the flips or rewards for the yes. Yes. Yes. This is very important. So you want to give it to, like, a a real human? Exactly. Exactly. Yes. An AI. Exactly. Yeah. Right. And and that's a good point to touch on as well. You know, we talked about, oh, maybe a human can solve multiple, or participate with multiple identities in a single validation ceremony. Me personally, I can barely complete no. I'm just kidding. I I can complete, you know, the six solving the six flips in the two minutes, maybe with, say, like, thirty seconds to spare. Other people who maybe have a slightly higher IQ or are have, faster dexterity on their keyboard, they can maybe participate in two or three ID identities. And at the highest extreme, maybe four. But it's definitely something that curves, exponentially to where you you very quickly hit a barrier of the number of identities that you can validate in a given ceremony. But but more importantly than that is that currently, AI has been unsuccessful in participating in these validation ceremonies, and that's kind of a key point that we have to touch on here. Right. Exactly. And, I will continue so that subject. So how the blockchain protects, from the artificial intelligence to solve the flips? First of all, there is antagonistic noise. It's kind of noise that randomly are added into the images automatically when you upload the flips. So and through that antagonistic noise, the artificial intelligence cannot recognize exactly what the object are into into the image. And the second But anti yep. But antagonistic noises is check. Is that, like, something invisible to us that is, like, digitally kinda there? It is visible. You can see, like, like a noise, but it did it it didn't it didn't distract the sense of the image. Right. For human for the human eye. For the human eye. Yes. You can see, like, yes. It's maybe it is less, clear, but it is not like you cannot recognize it. You can notice that noise. And and recently, they also I don't know if it is integrated or not. It's just I recently received response from them because I have asked what could be also another mechanism to protect. And they are thinking to integrate the mechanics where kind of another image gonna be applied, but with the with a few percentage of a per opacity. It's like it's gonna be an image, but it's gonna be another image inside that image with the last percent with the short percentage of opacity. And this is another protection mechanism. And and so the explain like on five explanation of this is basically, you, I, and everyone listening to this podcast could maybe look out a window and see a cat. Right? And we all know that it's a cat. But maybe there's some smudges on the window or maybe there's some some, kinda drawing lines, scribbles on the window, window. And we could all look out there and easily tell that it's a cat because we're all human and we understand that. But an AI would try to look through that window and and that distortion and that additional blurriness or or squiggly lines, does not allow for the AI to comprehend that it's in fact a cat. And, I think at the same time, I know that there is sort of, like if you go through the documentation of Athena, like, they admit, like, this is a arms race, basically. Like, they know that perhaps someday, like, their their mechanisms are not going to or their how they're trying to defend themselves from AI may not work anymore, and so they'll have to find something else. And it the point is just to, like, stay ahead of that curve for, hopefully, as long as possible unless we make, whatever, AGI, I think it's called, or something like that. Exactly. It's like a balance between between bad guys and good guys. You know? And it is always like that. It's pretty interesting, you know. Like, everyone there is a in the community, there are two parts, and they are friends, actually. Like, there are farmers who are always trying to cheat the system, and there are, like, developers who hate farmers, but they are kind of, like, in a good relationships. I mean, everyone knows who is the farmer, like, in the community, but nobody there is no discrimination. Okay. If you wanna take the part of the bad guys, there is gonna be a good guys who gonna protect the blockchain. And this is very, very interesting. It's like it's like it's like real, ecosystem. The and and there is a balance in that ecosystem. It's wonderful. I'm curious to ask you guys, though, as well because there are what what is interesting is that there there is, like, you call them rituals. So every twenty days or so, you have to you do this puzzle. So you have to continuously prove that you're a human. You're not just a human once, you're a human over time. So I guess if you die then, like, your of course your identity would will disappear from from from the blockchain. But I'm curious, like, what your, experience has been like being a part of that ritual? Because it's, it sounds strange, like, in our day and age to do any sort of, I mean, if you're not religious and then you go to church every Sunday or something, but besides that, like, people don't really do rituals very much like this. Yeah. So a synonymous term, for like a less, abstract term is a validation ceremony. That's what I like to call it personally. Just because it's human humans validating their personhood on the blockchain. But, yeah, it's been called all kinds of things, rituals and, maybe a meet up. And it's just essentially everyone from all around the world that wants to participate in the Idina block chain, logging on at the same time digitally and participating in this validation ceremony. And, from my own perspective, you know, currently, it's it happens every approximately three weeks as I mentioned earlier. And the reason for this is, you know, if I went on if we had a validation ceremony tomorrow and I went on and validated my personhood, and then we didn't have an additional validation ceremony, I could just continue doing that and creating more and more identities. So what this solves is, everyone being in the same place at at the same time doing this validation ceremony. It limits people from creating multiple identities to, a very extreme extent. And my personal experience, like, I was gonna touch on is in the earlier days of the the Idina community, the validation ceremonies were even more frequent. So maybe it was every two weeks. So a lot of the most active members of the community were really, really participating very frequently in these validation ceremonies. Now it's, like I said, every three weeks. It's more reasonable. It happens on a Saturday, which allows people to, for the most part, participate. And, yeah, it it's cool because we've had on chain governance in the past that have changed this, and it allows people to more people to participate. Yeah. And so also in this way, I think what's key for people to understand, like, the difference between maybe something like Idina invalidating your identity and being one person and something like like I mentioned earlier, like proof of humanity is that you don't have to dox yourself. Like, you don't have to reveal, your face. You don't have to reveal, like, your real name. You don't have to show, like, a state ID or anything to prove that you're human. You just have to perform this, like, two minutes of labor every twenty one days, every every three weeks or so. But yeah. And, and also there is, like, one more interesting things that at the beginning, it sounds like a weird you know, like, you have to especially if it is very early in the morning, like, you have to wake up and so on. But then you're getting use of that. It's like you feel part of the community. Like, you're doing something and you feel connection. And especially, like, if you are in a Telegram chat or any Discord channel, people are talking, some people are posting some weird flips, you know, and they're asking, hey, how to solve that or that? And you don't feel yourself alone. You feel like really, like, lots of people around you and everyone wants to help or yeah. Like, you really feel there is a huge community of very, very friendly people, open people, people who wants to to make that network, like, huge and really, like, represent a fair democracy. Mhmm. Something I like to sorry. Real quick. Just to compare it to briefly is, kind of the concept of Earth Day. Right? Earth Day happens once a year and it's this global phenomenon to where everyone kinda has this sense of community. Like, I'm gonna do this extra little thing to to build the global community and and, humankind to kinda, like, do my part. But this happens once a month and it builds a sense of community. And, it's obviously going to allow for a lot of cool technologies in the future. Some of the things, I guess, from your opinion, like, what are some of the more interesting things that you think something like Idina Idina, enables? Like, now that we have this extra layer of verifiable identity without doxxing yourself, what are the types of things that we can we can do with that? Well, I think, the the what what I would say that apart from that, because the the blockchain are focused on well, the main rule of the blockchain, it's like one identity, one vote. What that means? That means that we are getting into the mechanic of the true elections. Like, for example, right now, they have a mechanism which is called Oracles. What that means? That means you have asked any questions from the community, and then people gonna choose the answer. And then you could get, for example, you you can get the truth answers, not from the machine. You you will get the truth answers from people, and you even can reward them. Like, you can create, like, a foundation, and that foundation is going to be spread to the majority of people who are going to It's like you're asking the question. You don't know the answer. And then depends on the majority of the answers. There is going to be the true answer of your questions. And this is very, very good, especially in the investigation. Like, just imagine if the network is really huge and you will get in and you will get into your hands that kind of instrument that could prove you your theory, especially in the social marketing and the social analysis and so on. And this is I think this is something unique that we have for now. Right. This this sort of avoids the issue of, like, you know, asking a question, like, is the sky blue? But someone like, how you how you weigh the votes, if that's to my money, someone with a lot of money can say the sky is actually red, guys. You know, it's it's purple. It's whatever. Whereas if you're all having the same amount, it gears the sort of system towards the truth because you don't have the influence of capital there. Yes. Exactly. Exactly. Right. And so, like, a broad overview of use cases that Idina offers, are, like, things like democratic governance, which ElTraveller just touched on. You know, universal basic income is another use case, an attention economy with decentralized ads is another use case. Just to touch on the democratic governance real quick, I I assume that most people listening to this podcast have had some Internet interaction with social media in the past. And everyone knows that on social media websites like Twitter, there's polls. Right? And maybe maybe you wanna get an idea of what people's opinion is on a certain subject or or what their favorite color is, or things like this. But in today's current environment with bots and AI and platforms that aren't civil resistant, these polls can be skewed, right, in the favor of bad actors. And what that means is people can skew these polls by using, like, large, large, amounts of bots. Like, for example, if if my favorite color is blue, I could just go and create 1,000,000 Twitter accounts that vote on this poll that says their favorite color is blue. And, obviously, that skews the poll. So we we don't have a true democratic governance system to where everyone, has one person, one vote. And it's really cool because Idina, this isn't just an idea anymore. This is actually happening. I actually personally ran a poll asking what what people's favorite color is. And and I got true results from real people with one vote, which is almost unheard of in in most of our democratic systems. So that's one use case that I'm most excited about. Right. I think that's this is like it's because you have the the thing where, Bitcoin was made to where, okay, we're gonna have a money system without a central entity to sort of handle money and, you know, whether or not they achieve that is something else. But I think what this is sort of asking us is can we have digital democracy? Can we have a voting system in which we don't need a centralized entity to handle it. I mean, right now, we have, of course, like, if you take the example of, like, US elections. I mean, the state provides an identity, a card that says, like, you're a human, you're American, whatever, and you can go vote. And you have one vote. Of course, like, Republicans will say, you know, bullshit. Like, you know, illegals are voting a 100,000,000 times or something like that, which is obviously not happening. But even if it was happening, even if it was, like, oh, someone voted twice, which people have, like, gone to jail for ridiculously, that that that's not, like, nearly, like, system like, systemically broken enough to to make it to where it's it's not a good system at all, which I think identity identity is, like, sort of similar in that, like, for the most part, every like, 99% of people are just going to have one identity. Of course, those couple of people who are, like, really trying to play this play the system maybe can get away with, like, two or three, but they're not going to completely change the election, results. Whereas, if you look at, for example, all of these different token governance, models that are being used in different DeFi protocols, you see all the time where, like, you have a vote, you know, what what's what's going to happen, you know, everyone thinks that it's going one way and then the very last second, some venture capital firm that has, like, you know, 12% of their tokens or whatever dumps it at the very last minute changing the result of the proposal. So, like, yeah, there's there's a lot of, like, really interesting implications that especially around digital democracy that I think are are really interesting. Hey, everyone. If you're enjoying this episode so far, be sure to subscribe, leave a review, share with a friend, and join the crypto leftist communities on Discord or Reddit, which you can find links to in the show notes. If you're enjoying the interview or find the content I make important, you can pitch into my efforts starting at $3 a month on patreon.com/theblockchainsocialist to help me out and join the newest patrons like Jay Rigo, Ian, Michael Zargam, and Zarena. Contributing to the Patreon really helps since making this stuff isn't free in terms of money or time. And as a Patreon, you'll get a shout out on an episode like I just did and access to bonus content, like Q and A episodes where you can submit and vote on questions you'd like me to answer, and it'll give my thoughts in roughly twenty minutes. In the next bonus episode, I'm gonna be covering my review of the Decentralized Society paper that was published by Vitalik Buterin and Glenn Weil, so be on the lookout for that. Of course, I'll still be making free contents like this interview to help spread the message that blockchain doesn't need to be used to further entrench capitalist exploitation if we put our efforts into it, and so if that message resonates with you I hope you'll consider helping out. Yeah, I think it'd be interesting, if you want to explain maybe as well now, like, the the quadratic staking stuff as well since, you know, Idina is, if I understand, integrated with with Gitcoin. So and Gitcoin uses quadratic funding in which, you know, based on sort of as a way to reduce the the power of capital. But I know you wanted to explain quadratic staking. So, since the last hard fork, Idina, well, first of all, I would like to mention how the hard work hard fork happens in IDNA network. So if you have your node, which is installed and run, and On your computer? Yes. On your on your computer, it could be a Linux or Windows or MacOS. Does it need to be online? Yeah. It has to be online. Online all time. Only people who run their independent node can vote for the fork. And you're void voting for the fork when you are installing the the the latest version that support the changes that are gonna be integrated into the future hard hard fork. So they are putting the dates of the of the, election for the new hard fork, And it depends of how many people installed the new version of the node, depends on that, there is gonna be a solution if the hard fork gonna be integrated or not. So people who are against of the hard fork, they supposed to keep the old version of the node. And people who wants to integrate the hard fork, they have to upgrade the version of their, node that they are running on the system. So because of the last elections that happened in the in the in the last part of the May, we are getting into the new hard fork. And in new hard fork, they changed the mechanic because before, you were getting rewards based on the age of your identity. For example, the older your identity, the more rewards validation rewards you're getting. They they have changed that that mechanic. Why? Because just imagine, I came into the network two years ago, and you came to the network just now. And there is a discrimination because I'm gonna get more and you're gonna get less just because you get to know about the about the idea, way lay the way later than me. So they changed that mechanics into mechanic when you are investing your coins into the stake. And then we are getting the whole pie of the whole stake in the whole network. And then depends on what part of that pie is yours, depends on that, you're gonna get a reward for the validation, which is very smart because more you're investing, more you're getting from the block chain. But there is another problem. There are people who has huge amount of IDNA tokens. So based on that, they're supposed to get more than people who are have just a few tokens. So how they solve that problem? There is, there is a parameter. First of all, they created a stake calculator, which helps you to calculate your incomes. It is available on the on the on the main page, which is idina.io. But how they are balancing between a huge amount of of people who has a big stake and people who has a small stake. So then more you are investing, then less percentage you are getting. So you're not gonna have the same annual earnings annual earnings per year, with the small stake and with the big stake. So more you're investing, less percentage you're getting. And we are solving many problems. First of all, people let's talk about farmers. Right? Like, before, farmers, they put all of the amount of money that they have just on one identity, and they were keeping it. It was like a holder identity. Now they cannot do it anymore. They have to spread all of that coins that they have between many identities if they want to continue their their farming business. But there is one more thing. Because in that hard fork, they integrate, they integrate the staking. There is a chance that you can lost the stake, and there are some rules. First of all, only human on the identity with the human status can have 100% of the state protection. Another identity is if you are fail the validation. What does it mean fail? Fail means you are participated, but the results of your validation was very, very low. So if you are failing, you are losing your stake completely, like, 100%. So there is one more problem for farmers. They can they have also checked the quality of people, how they supposed to pass the test, and they would prefer to keep their identities where they're gonna spread their stake only to identities with a human status. So we with that hard fork, we are completely changing the game. Now the farmers, they're supposed to care about the quality of their identities and about the quality of the people who gonna pass the validation because they supposed to do it in a very high level. And this is very, very important about the quadratic staking. So now because since the hard work has been integrated, the whole amount of the stake, it it is it was doubled. So now we have 100% more coins that are saved and in in in in staking. Yes. So, like, this this gets at the critique as well. I think that a lot of critics will say about cryptocurrencies that it incentivizes the the first the first arrivers, basically. And for the most part, almost every other cryptocurrency is basically that way. Partially, I think, because of, I mean, just the way a market works generally, but also I think it's sort of exacerbated with kind of, like, this this sort of obsession with deflationary economics, I think, as well sort of exacerbates the issue. But yeah. So this using the quadratic function, I think it probably doesn't solve it completely to where now that we have perfect equality, but it definitely dampens the amount of inequality, over time, I think, which is interesting. And I would say one more thing. Yes. During the the whole history of the Idina network, there are some huge farms, but only that huge farm can continue their business. The small farms, all of them are disappeared because it is very hard to get into that business since now. Because first of all, you have to find people, then you have to train them, then you have to care about the stake. There are many, many complications. So now that now it is like people just imagine you're looking for a way to create a farm, and you start to think how many things you need to care. And the benefits that you're getting out of that, they are not so I mean, yes. Of course. If you have thousands of people, you could earn money, not big money, but money. Yes. But if you're we are talking about 10 or 20 people. It doesn't make sense to create farm. So that's how the quadratic state protect the blockchain out of farmers. So there there is a large farm, at the moment that is still working? There are there is. Yes. But just a few. And, they they they exist because of the lack in the past. But now the blockchain doing the best to make that business very, very hard. Right. Over time, I think now it seems that there is just a higher likelihood over time that the farm will not be able to sustain its its business. And that's something that is, like, I don't know, maybe, like, fun drama to watch, but also, like, like, democratically, it makes more sense. Yeah. There is one more thing. It's very important because the idea now adding the watermark into the flips, So people who are tired to work in the farm, they are getting into the blockchain. So farmers doing promotion work for the blockchain, and many people who came into the idea, they actually came from farmers because they're doing a lot of job. They're promoting. They're looking for a people. They put in announcement. Yes. Of course, they are not talking that this is IDINA, but people can see and smart people gonna leave the farms, and then they're gonna be a part of the IDENA network. And this is wonderful. So farms, in a democratical way, they are doing their job. They are promoting IDENA. Yeah. And it it's interesting because IDENA as a network over time actually, a broad goal is to reward the individual person. Right? So that's why we're seeing kinda like this disbanding of some of the largest farms. People are realizing, hey. I don't need a farm. Hey. I don't need a massive organization to participate in this network. Basically, you can now participate in Idina from your web browser, which is pretty amazing. And if you wanna operate a full node on other blockchains for the for the layman person like myself, forget about it. Like, forget about setting up a full Bitcoin node or an Ethereum node. It it's just too technically intense. Well, while on Idina, if you can download a web browser like Google Chrome onto your computer, a simple application, install it, and then participate, that's essentially what you can do with IDINA. So I've seen some of my friends who have never participated with any other blockchain network basically, download the IDINA node on their computer, participate in the validation ceremony, and become a part of the Idina network. So it's really cool to see it's happening, like, on a personal level with me and my friends, but I'm also seeing it globally where these massive farms that used used to have a big hold on people. Now those people are breaking out of these farms and just operating by themselves. So it's cool to see. Interesting dynamics. It's I think, yeah, for the cynic, I think it's easy to look at the farms and say, like, see, it can't work. It can't happen because you have these issues. Whereas I think what is actually interesting is the fact that they're honest about the issues and that's, it looks like to me that there has been progress at least in in in decreasing the severity of those issues. So I think sometimes, you know, I kind of say, like, don't don't let perfect get in the way of of good enough. And so, like, thinking in this more, in my opinion, it looks like kind of cybernetic way of where you're trying to contain a system in a particular direction knowing that you have certain that there are uncertainties, is, like, interesting to see. Yeah. And and one cool thing to touch on that point is I think something really unique to the Idina community is, both the core team and the community itself. We have these discussions about new concepts or or maybe implementing a hard fork. And and we get the idea as close to possible as perfect. But like you said, don't let perfect get in the way of great. So we we have conversations. We discuss. We see what are the pros. What are the cons? You know, you have two different sides and they debate, and and we get this this huge debate going, and we get the the idea as close to possible as a final product that's perfect. But, of course, you can always get it there. Right? You might get it to 99% or 98%. But instead, as l traveler mentioned earlier with these hard forks, we get that idea very close. And then to implement it, we we have a system in place to where you can actually vote with your node, whether to implement that hard fork. And and we've actually already had a few hard forks in the past that were successfully implemented, and that is all based on community governance. And and anyone anyone can create and promote their ideas. And then first stage, you create an idea, and you have to write, this idea into, like, somewhere. It could be a public platform, or you even can save your notes into the black blockchain because there is a system which is called IPFS. It's like a file system that are integrated inside the blockchain, and you can publish, like, a simple web pages there. And then you are creating an oracle. And then if the majority of people gonna vote for you, then in the next stage, you can go into the there is a on the on the website, which is docs.idina.io, there is a part which is called I I p s. It's like ideas to improve idina. And then your idea gonna be integrated there. And then there is a mechanism of the smart contracts. So and with that mechanism, the blockchain gonna pay you part by parts, depends of the of the in which stage you your ideas integrated. So it's like if the people if the majority of people choose you, you are responsible to make an integration of your idea into IDINA blockchain. That's how that smart ideas came about the quadratic stake and so on. And because of the group discussion, because of the votes, and this is incredible. That's this is really shows how people could really improve the mechanic and how the, how the IDINA blockchain governance can manage the evolution of the system. I see. It's really interesting. So, like, you can you can build in systems of accountability to where, for one, you can be recognized as a person who maybe thought of an idea, and then people can hold you accountable if you say you're going to do that idea to actually make it with so, like, you have the I don't know, you can you can you can stay as anonymous as you want while also still having accountability. I would like to mention one more thing. It's just about the idea. So we didn't touch much the idea of the decentralized advertisement. But this is very important. It's like a new thing that, community that IDINA engineers that are integrated. And the interesting part of that is that there is no motivation for people to click on advertisement, or there is nobody who are paying to watch the advertisement because this is a big problem of the marketing now because people can, there are some organizations that are making business out of paying for someone to watch ads or out of, people who are clicking on ads. So I did not solve that completely. How? They have created first of all, they they call it decentralized advertisement mechanism. And if he wants to promote something, first of all, you have to pass the moderation process. And who is gonna be the moderators? The moderator is gonna be members of the network. So you're creating an ad, then you're sending an ad into the blockchain, then the blockchain choosing randomly the com the the committee that's gonna do the moderation. And then the majority of moderators, if they approve the ads, never mind if they approve the ads or if they decline the ads, they're gonna get rewarded, the majority of the moderators who who choose the decision. So and if your ads is passing the moderation, then you have to burn coins to catch attention of people. So nobody earning money. You have to burn coins to show your ad. And this is incredible. That's how we are protecting ourselves from the inflation mechanism because we are burning coins. And then there are there are, like, people it's it's like how we're making a circulation of the coins inside the the network. Right. Yeah. It's, we were talking about this earlier, but it's like someone who wants to create an advertisement that will show on the Idina platform will have to burn their tokens. And the more that they burn, the more likely it is that their advertisements will be shown. And because it's burnt, everyone who is a part of the Idena ecosystem, theoretically, would benefit from that because the the spoils due to the burning would sort of, like, be evenly split amongst everyone rather than, like, Google or whoever else Facebook sort of earning all of the revenue from, you know, someone wanting to to push ads. And there's no, like, what was it, like, you know, like payments per click or pay per click or something like that involved either. Yeah. Thank you guys so much for coming on and for, explaining Idina to us. It's been really awesome to hear. Yeah. This is this is, like, so much different than, like, usually I get someone who's, like, the engineer of the of of the project or, like, a manager of the project or something like that, but you guys are, like, community members, which is, like, pretty different. But, yeah, you guys maybe just to end it off, if you want to share, share your plugs, where can people find you, where can people follow you, and any last words? So I have a YouTube channel, the YouTube channel called Cryptorato, but, the main subject of my channel is Idina. I'm talking about, like, the basics of IDINA, also about some technical knowledges. And, also, on GitHub, I'm developing this script, which is called IDINA runner that helps to run Idina node in in a Linux system because many people, they don't have enough of knowledge. But most of the servers that you're gonna rent to build your own node are gonna be on Linux because it's cheaper in comparing to the Windows Server. So many people prefer to rent a VPS using a Linux system. So with my script, you can run it just with the one comment, and then you can run completely, fully node. So and, yeah. Like, that's how I feel, like, my way to, to serve for for the community. Yeah. So my closing thoughts, first of all, I wanna just thank you for having us on here and kinda giving a perspective into Idina and huge, huge, huge shout out, to all of the rest of the Idina community. You know, we're present on Discord, Telegram, other social channels, Twitter, etcetera. But it truly is a global community. There's obviously an opportunity for more technical people that really wanna dive into the tech, but also just anybody who wants to get started with blockchain technology or web three. It's a very, very welcoming community for all ranges of that scale. So if you'd like to check it out, you can go to idina.io, and that's a great place to get started with the community. And and, also, there is one more thing. Because it's we are just on the initial part, you know, and it is wonderful to be part of that system that actually represent, fair democracy without conclusion, like, where are you from? From which country? What is your nationality? The most important part that you are a human, and you can serve for the community just because you are a human, and you can get the benefits of the community because you are a human and not because how big your stake or, what is your location and what kind of hardware do you have and so on. And this is very important. And I hope that, that podcast gonna bring more people into our friendly and open mind community. And thank you very much. It was a pleasure, you know, to participate today in Taco Bell. Yeah. 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Hi, everyone. You're listening to a very, special interview of The Blockchain Socialist because we're going to talk about something that I've gotten a lot of questions about when it comes to Blockchain and how do you use Blockchain and crypto for a more democratic type of economy. And the reason that is is because I think for a lot of people when they look at the surface of Blockchain world, they think, well the power of capital, no matter how democratic you want, you know, your Blockchain economy, to be, the power of capital will always prevail because, anybody can make sort of any amount of wallets or identities. There's no way to verify that one person is a single identity and therefore the default way that a lot of these systems and applications are sort of governed is sort of through how many tokens do you own.\n\nAnd therefore, if you own more tokens, you have more power. And that looks exactly like the same type of economy that we have today in which people with a shit ton of money are able to have also a shit ton of power at the same time. And so part of this issue or, like, the way that people have responded to this issue, of course, is trying to find, ways around it. There are some solutions out there that I think are worse or better than others. You know, we've heard of things like proof of humanity but that is one that's sort of in my opinion, proof of humanity to me looks sort of like a privacy nightmare in the long run.\n\nSo I'm not like a huge fan of that type of system. But there are other more interesting ones and one that caught my eye was one called Idina. And Idina is something that is a separate blockchain and it also preserves people's privacy who are able to but but also creating their own identity and verifying that identity. So we're gonna go into how that happens and how that works. I was in contact with one of the core engineers of the project who wanted to stay anonymous so he didn't want to be interviewed but the Idina community, came up with a couple of people who wanted to come onto my show and sort of explain what Idina is, why it's important, and what are the implications of it.\n\nSo we're gonna go into that. So I have two people with me. I have Trav Crypto and L Traveller,\n\nSpeaker 1: who are\n\nSpeaker 0: both, if you can't tell, pseudo anonymous names, because we like to preserve privacy here. But yeah. Hey, guys. Thanks for coming on. Do you guys want to, like, maybe give just, like, a quick introduction to yourselves?\n\nSpeaker 1: My nickname is Elle Traveler. I became into the project, like, one year and a half or two years. I don't remember exactly. And, that project touched me because well, first of all, I was looking, like, for something that could give me a chance to get into the crypto without any investment because I was kind of new into the crypto. And I start to read, and I and first, what catch my attention, it was like, wow.\n\nYou don't need to buy anything. You need just to solve flips, and you're getting rewards. And step by step, it becoming, like, pretty fun to solve something every 20 days, and then you're getting some crypto. And then at the end, after three or four validation ceremonies, you have, like, amount of money, which is not a big money, but it is money. And then I start to develop my own script, which is called Idina runner, which helps people to run Idina in in the Linux server without, like, knowing a lot about Idina in interactive way.\n\nAnd then I start to do my own YouTube channel, which is Crypto Retail, which is now focused on IDINA blockchain to explain everything, especially, like, in a technical way for people. And that's how, yeah, that's how I got into the IDINA world.\n\nSpeaker 0: And we'll explain all those things that you mentioned in a little bit. So I know some people might be confused.\n\nSpeaker 2: Hey, guys. I'm Trav. I go by Trav crypto online and different socials. I've been a part of the Idina community for about a little over two years now. But, like most people, I started out kind of out of high school with personal finance, kind of diving into economics.\n\nThat got me interested in cryptocurrency. I started reading white papers like Bitcoin and Ethereum. That kind of got me more interested in blockchain technology and then more importantly, proof of or different consensus mechanisms that actually govern blockchains. So I I came across Idina because I was searching and searching for a blockchain that wasn't based solely on, kind of how much money you had or plutocracy, but rather, a blockchain that's open and welcoming for anyone to participate in. And it's actually the first blockchain that I ever was able to, as a nontechnical person, very easily set up a full node and participate in the actual validation of the blockchain.\n\nSpeaker 0: Nice. Cool. So maybe, like, Trav, if you want to start, can you give us like a high level explain like I'm five, you know, what is Idina?\n\nSpeaker 2: Absolutely. Yeah. So, first of all, I wanna lead off with, you don't need any experience in cryptocurrency or blockchain to participate in the IDINA community. You could actually, without any funds, basically just a device and yourself, proof of person, which I'll dive into momentarily, you can participate in Idina and start validating, on the Idina blockchain. So what Idina is essentially is a block layer one blockchain that uses the consensus mechanism proof of person.\n\nAnd what that means is unlike proof of work where you need lots and lots of computer power to participate in the network, That would be one example would be like Bitcoin. Or unlike proof of stake where you need a lot of resources or money, or a certain amount of the given cryptocurrency to participate, IDINA, you can participate just by being a human. Right? Just by proving, your personhood, which is really cool and welcoming for everybody. And just to give a brief kind of explanation of how to get started, you could go to idina.io, and that's the website that basically breaks down how to participate in this proof of personhood, blockchain.\n\nSpeaker 1: Yeah. I think, there is one thing that the difference like, the main difference between other blockchains that other blockchains using the power of your money or the power of the hardware that you have. But the Idina blockchain is using the power of your brain. So it's like you are investing your brain into the fair democracy because there is very hard to have many identities. Yes.\n\nYou could have one more, preferably two more identities, and you can pass the validation, like, simultaneously, but this is the maximum. So that's how the blockchain protect themselves out of, cloning, you know, like, the identities and so on. And this is very important.\n\nSpeaker 0: Yeah. Do you want to maybe explain exactly what the proof of personhood consensus mechanism is, how that works?\n\nSpeaker 1: I think you will start and then I will add something.\n\nSpeaker 2: Yeah. Yeah. So, like we mentioned, there's kind of a good synergy between me and l traveler because, I like to give kind of a broad high level overview, and then, of course, he can dive into the more technical details. So we're a good duo in that sense. But so as I just mentioned, Idina is a blockchain that anyone can participate in.\n\nThat was the point I was trying to hit home. But more importantly, as Elle Traveler mentioned, all you need is basically yourself and the ability to solve a puzzle called a flip. This is kind of the key point. It's a validation ceremony that currently happens once every approximately three weeks that anyone in the world can participate, whether it's your first time or for some of our community members, maybe your eightieth time. You can participate in this validation ceremony.\n\nAnd and the whole goal from a high level perspective, is just to prove that you're a person, to prove that you're not a bot, to prove that you are in fact a human being and that you're participating in the network. And how we do that is through this validation ceremony where you solve a flip, and the flip is essentially four different pictures in a given order side by side with four other picture four of the same pictures, sorry, in a different order. And you have to prove, as a human, which of those orders make makes logical sense. And so you just you have a time limit, and you you select which flip is correct, and that proves that you are a human. So now lTraveler can kinda dive into the more technicals of that and and how it works as a system.\n\nSpeaker 1: Okay. So, we have, two types. I mean, the whole ceremony, we could divide into the two parts. Like, the first part, it's a, qualification part, and then we have a main part, like a main ceremony. For the first part, we have just one minute and forty five seconds.\n\nAnd the purpose of that part is to protect the Blockchain out of people who want to solve, the the validation ceremony from many identities because of the qualification part is very short. Like, you don't have enough of time to solve from many identities. Yes. It is possible, and and some people are passing from two or three. Even I saw from four identities.\n\nBut I will I will talk about it later because it is very important to pass that qualification part in a maximum score that you could get. Why? Because depends of that, you will get the identity status. So for now, we have, three four, actually, identity statuses, like a positive, and two identity statuses, which is negative. So from the positive statuses, we have a candidate, which is it is the first, ceremony.\n\nWhen you are passing the first ceremony, you are transforming your identity from candidate into the newbie. So to get into the into the ceremony, you have to get an invitation code, which is very important because that's how the blockchain protect themselves out of joining lots of bots. Because when you cannot create a botnet because to each of the identity, you need a, their invitation code. So since you get into the, candidate part, then if you pass the ceremony, you're becoming to newbie. After the newbie status, you are becoming into the newbie with a number like one.\n\nSo you have to pass two times with the newbie status. And then at the end, you'll get identified status. And if you're have enough of, epochs age, each of the epoch giving you one more age. So if you have enough of epochs, then your status and if if you have enough of epochs and you have enough of score, then you're transforming yourself into the human, which is maximum status. It is very, very important.\n\nSpeaker 0: Maximally human.\n\nSpeaker 1: Yes. Maximally human. Yes. And so now let's go back about the passing validation from many identities. So if you're passing through two or three identities, of course, you the chance that you're gonna get mistakes are higher.\n\nAnd the more mistakes you're guessing, the less your status is gonna be. So but only human protect himself from the loss of the stake, And we are gonna talk about later about the staking mechanism that's gonna be announced, earlier. Like, after the last hard fork, the the new mechanism of Quadratic staking has been announced and has been integrated into into the blockchain. So this is very, very important how the blockchain protect themselves from cheating the system to having many identities.\n\nSpeaker 0: So if I could summarize. So based on, like, my research and and playing around with it and doing it, basically, you need to get in first off, in order to be considered for being a human on the Idina network, you have to go through, like, some training even first before that, I know. And you do the training where you see how sort of, like, these flip puzzles work in which it's four kinda funky looking pictures sometimes or, like, just, like, stock images that aren't necessarily related to each other. But if you look at them carefully, you can see that they're they're telling, like, a very basic story. Like, the trash is filled up, someone is taking out the trash, and then someone is putting a new bag in the trash can and then placing the trash can and, you know, the room or something like that.\n\nAnd then on the other side, you'll see the same picture has been the wrong order. It doesn't make any logical sense why it would be in that order. So it does there's some, like, cognitive, like, efforts you have to make to, like, figure out and, like, I got some wrong too, and I was, like, I felt like an idiot even though, you know, some of them are kinda weird. But, like, doing that, I think after you do, like, a few of the training, I think then you get an invitation code. And then with the invitation code, you can do, like, the official sort of, like, show up at, like, the every 20 days based on, like, the block time, I think.\n\nYou have a thing where you you go and you try to set you do the same type of practice, I think, maybe four times. We only have, like, two minutes or something like that, very short amount of time to be able to do them. And if you do, like, even doing one, you know, it's going to take some time. So it's, like, crazy if you can do, like, a bunch of them. But, yeah, indeed, if you do that, then that means that, like, you're probably not going to do it very well.\n\nAnd I believe you're not doing even the it's not like it's the same test every time for every person either. So, like, you can't, like, you know so there's, like, what is interesting to me about it is that it it is kind of like a cybernetic system in that it's not trying to, like, heavily enforce one person, can only have one identity and, like, like, you get punished if you if if you even try. But they say, okay. Try, but you're probably not going to do very well, if you try to do, like, two or something like that.\n\nSpeaker 1: Exactly. And there is one more thing that it's at from the beginning, it's established the connection between people who invite, who give an invite, and who take invite. Because the person who is giving an invite, he's getting rewards, and rewards kind of high. So the person who are giving you invite is motivated to teach you how to solve and to remind you to go into the validation ceremony because you are motivated to get rewards from the blockchain. Because if you are passing if if you're if the identity that you have invited passed the whole process from candidates to identify it, you'll get the maximum reward, which is kind of high reward, you know, like, in comparing of other rewards, like, for the flips or rewards for the yes.\n\nYes. Yes. This is very important.\n\nSpeaker 0: So you want to give it to, like, a a real human?\n\nSpeaker 1: Exactly. Exactly. Yes.\n\nSpeaker 0: An AI. Exactly. Yeah.\n\nSpeaker 2: Right. And and that's a good point to touch on as well. You know, we talked about, oh, maybe a human can solve multiple, or participate with multiple identities in a single validation ceremony. Me personally, I can barely complete no. I'm just kidding.\n\nI I can complete, you know, the six solving the six flips in the two minutes, maybe with, say, like, thirty seconds to spare. Other people who maybe have a slightly higher IQ or are have, faster dexterity on their keyboard, they can maybe participate in two or three ID identities. And at the highest extreme, maybe four. But it's definitely something that curves, exponentially to where you you very quickly hit a barrier of the number of identities that you can validate in a given ceremony. But but more importantly than that is that currently, AI has been unsuccessful in participating in these validation ceremonies, and that's kind of a key point that we have to touch on here.\n\nSpeaker 0: Right. Exactly.\n\nSpeaker 1: And, I will continue so that subject. So how the blockchain protects, from the artificial intelligence to solve the flips? First of all, there is antagonistic noise. It's kind of noise that randomly are added into the images automatically when you upload the flips. So and through that antagonistic noise, the artificial intelligence cannot recognize exactly what the object are into into the image.\n\nAnd the second\n\nSpeaker 0: But anti yep. But antagonistic noises is check. Is that, like, something invisible to us that is, like, digitally kinda there?\n\nSpeaker 1: It is visible. You can see, like, like a noise, but it did it it didn't it didn't distract the sense of the image.\n\nSpeaker 0: Right. For human for the human eye.\n\nSpeaker 1: For the human eye. Yes. You can see, like, yes. It's maybe it is less, clear, but it is not like you cannot recognize it. You can notice that noise.\n\nAnd and recently, they also I don't know if it is integrated or not. It's just I recently received response from them because I have asked what could be also another mechanism to protect. And they are thinking to integrate the mechanics where kind of another image gonna be applied, but with the with a few percentage of a per opacity. It's like it's gonna be an image, but it's gonna be another image inside that image with the last percent with the short percentage of opacity. And this is another protection mechanism.\n\nSpeaker 2: And and so the explain like on five explanation of this is basically, you, I, and everyone listening to this podcast could maybe look out a window and see a cat. Right? And we all know that it's a cat. But maybe there's some smudges on the window or maybe there's some some, kinda drawing lines, scribbles on the window, window. And we could all look out there and easily tell that it's a cat because we're all human and we understand that.\n\nBut an AI would try to look through that window and and that distortion and that additional blurriness or or squiggly lines, does not allow for the AI to comprehend that it's in fact a cat.\n\nSpeaker 0: And, I think at the same time, I know that there is sort of, like if you go through the documentation of Athena, like, they admit, like, this is a arms race, basically. Like, they know that perhaps someday, like, their their mechanisms are not going to or their how they're trying to defend themselves from AI may not work anymore, and so they'll have to find something else. And it the point is just to, like, stay ahead of that curve for, hopefully, as long as possible unless we make, whatever, AGI, I think it's called, or something like that.\n\nSpeaker 1: Exactly. It's like a balance between between bad guys and good guys. You know? And it is always like that. It's pretty interesting, you know.\n\nLike, everyone there is a in the community, there are two parts, and they are friends, actually. Like, there are farmers who are always trying to cheat the system, and there are, like, developers who hate farmers, but they are kind of, like, in a good relationships. I mean, everyone knows who is the farmer, like, in the community, but nobody there is no discrimination. Okay. If you wanna take the part of the bad guys, there is gonna be a good guys who gonna protect the blockchain.\n\nAnd this is very, very interesting. It's like it's like it's like real, ecosystem. The and and there is a balance in that ecosystem. It's wonderful.\n\nSpeaker 0: I'm curious to ask you guys, though, as well because there are what what is interesting is that there there is, like, you call them rituals. So every twenty days or so, you have to you do this puzzle. So you have to continuously prove that you're a human. You're not just a human once, you're a human over time. So I guess if you die then, like, your of course your identity would will disappear from from from the blockchain.\n\nBut I'm curious, like, what your, experience has been like being a part of that ritual? Because it's, it sounds strange, like, in our day and age to do any sort of, I mean, if you're not religious and then you go to church every Sunday or something, but besides that, like, people don't really do rituals very much like this.\n\nSpeaker 2: Yeah. So a synonymous term, for like a less, abstract term is a validation ceremony. That's what I like to call it personally. Just because it's human humans validating their personhood on the blockchain. But, yeah, it's been called all kinds of things, rituals and, maybe a meet up.\n\nAnd it's just essentially everyone from all around the world that wants to participate in the Idina block chain, logging on at the same time digitally and participating in this validation ceremony. And, from my own perspective, you know, currently, it's it happens every approximately three weeks as I mentioned earlier. And the reason for this is, you know, if I went on if we had a validation ceremony tomorrow and I went on and validated my personhood, and then we didn't have an additional validation ceremony, I could just continue doing that and creating more and more identities. So what this solves is, everyone being in the same place at at the same time doing this validation ceremony. It limits people from creating multiple identities to, a very extreme extent.\n\nAnd my personal experience, like, I was gonna touch on is in the earlier days of the the Idina community, the validation ceremonies were even more frequent. So maybe it was every two weeks. So a lot of the most active members of the community were really, really participating very frequently in these validation ceremonies. Now it's, like I said, every three weeks. It's more reasonable.\n\nIt happens on a Saturday, which allows people to, for the most part, participate. And, yeah, it it's cool because we've had on chain governance in the past that have changed this, and it allows people to more people to participate.\n\nSpeaker 0: Yeah. And so also in this way, I think what's key for people to understand, like, the difference between maybe something like Idina invalidating your identity and being one person and something like like I mentioned earlier, like proof of humanity is that you don't have to dox yourself. Like, you don't have to reveal, your face. You don't have to reveal, like, your real name. You don't have to show, like, a state ID or anything to prove that you're human.\n\nYou just have to perform this, like, two minutes of labor every twenty one days, every every three weeks or so. But yeah.\n\nSpeaker 1: And, and also there is, like, one more interesting things that at the beginning, it sounds like a weird you know, like, you have to especially if it is very early in the morning, like, you have to wake up and so on. But then you're getting use of that. It's like you feel part of the community. Like, you're doing something and you feel connection. And especially, like, if you are in a Telegram chat or any Discord channel, people are talking, some people are posting some weird flips, you know, and they're asking, hey, how to solve that or that?\n\nAnd you don't feel yourself alone. You feel like really, like, lots of people around you and everyone wants to help or yeah. Like, you really feel there is a huge community of very, very friendly people, open people, people who wants to to make that network, like, huge and really, like, represent a fair democracy.\n\nSpeaker 2: Mhmm. Something I like to sorry. Real quick. Just to compare it to briefly is, kind of the concept of Earth Day. Right?\n\nEarth Day happens once a year and it's this global phenomenon to where everyone kinda has this sense of community. Like, I'm gonna do this extra little thing to to build the global community and and, humankind to kinda, like, do my part. But this happens once a month and it builds a sense of community. And, it's obviously going to allow for a lot of cool technologies in the future.\n\nSpeaker 0: Some of the things, I guess, from your opinion, like, what are some of the more interesting things that you think something like Idina Idina, enables? Like, now that we have this extra layer of verifiable identity without doxxing yourself, what are the types of things that we can we can do with that?\n\nSpeaker 1: Well, I think, the the what what I would say that apart from that, because the the blockchain are focused on well, the main rule of the blockchain, it's like one identity, one vote. What that means? That means that we are getting into the mechanic of the true elections. Like, for example, right now, they have a mechanism which is called Oracles. What that means?\n\nThat means you have asked any questions from the community, and then people gonna choose the answer. And then you could get, for example, you you can get the truth answers, not from the machine. You you will get the truth answers from people, and you even can reward them. Like, you can create, like, a foundation, and that foundation is going to be spread to the majority of people who are going to It's like you're asking the question. You don't know the answer.\n\nAnd then depends on the majority of the answers. There is going to be the true answer of your questions. And this is very, very good, especially in the investigation. Like, just imagine if the network is really huge and you will get in and you will get into your hands that kind of instrument that could prove you your theory, especially in the social marketing and the social analysis and so on. And this is I think this is something unique that we have for now.\n\nSpeaker 0: Right. This this sort of avoids the issue of, like, you know, asking a question, like, is the sky blue? But someone like, how you how you weigh the votes, if that's to my money, someone with a lot of money can say the sky is actually red, guys. You know, it's it's purple. It's whatever.\n\nWhereas if you're all having the same amount, it gears the sort of system towards the truth because you don't have the influence of capital there. Yes. Exactly. Exactly.\n\nSpeaker 2: Right. And so, like, a broad overview of use cases that Idina offers, are, like, things like democratic governance, which ElTraveller just touched on. You know, universal basic income is another use case, an attention economy with decentralized ads is another use case. Just to touch on the democratic governance real quick, I I assume that most people listening to this podcast have had some Internet interaction with social media in the past. And everyone knows that on social media websites like Twitter, there's polls.\n\nRight? And maybe maybe you wanna get an idea of what people's opinion is on a certain subject or or what their favorite color is, or things like this. But in today's current environment with bots and AI and platforms that aren't civil resistant, these polls can be skewed, right, in the favor of bad actors. And what that means is people can skew these polls by using, like, large, large, amounts of bots. Like, for example, if if my favorite color is blue, I could just go and create 1,000,000 Twitter accounts that vote on this poll that says their favorite color is blue.\n\nAnd, obviously, that skews the poll. So we we don't have a true democratic governance system to where everyone, has one person, one vote. And it's really cool because Idina, this isn't just an idea anymore. This is actually happening. I actually personally ran a poll asking what what people's favorite color is.\n\nAnd and I got true results from real people with one vote, which is almost unheard of in in most of our democratic systems. So that's one use case that I'm most excited about.\n\nSpeaker 0: Right. I think that's this is like it's because you have the the thing where, Bitcoin was made to where, okay, we're gonna have a money system without a central entity to sort of handle money and, you know, whether or not they achieve that is something else. But I think what this is sort of asking us is can we have digital democracy? Can we have a voting system in which we don't need a centralized entity to handle it. I mean, right now, we have, of course, like, if you take the example of, like, US elections.\n\nI mean, the state provides an identity, a card that says, like, you're a human, you're American, whatever, and you can go vote. And you have one vote. Of course, like, Republicans will say, you know, bullshit. Like, you know, illegals are voting a 100,000,000 times or something like that, which is obviously not happening. But even if it was happening, even if it was, like, oh, someone voted twice, which people have, like, gone to jail for ridiculously, that that that's not, like, nearly, like, system like, systemically broken enough to to make it to where it's it's not a good system at all, which I think identity identity is, like, sort of similar in that, like, for the most part, every like, 99% of people are just going to have one identity.\n\nOf course, those couple of people who are, like, really trying to play this play the system maybe can get away with, like, two or three, but they're not going to completely change the election, results. Whereas, if you look at, for example, all of these different token governance, models that are being used in different DeFi protocols, you see all the time where, like, you have a vote, you know, what what's what's going to happen, you know, everyone thinks that it's going one way and then the very last second, some venture capital firm that has, like, you know, 12% of their tokens or whatever dumps it at the very last minute changing the result of the proposal. So, like, yeah, there's there's a lot of, like, really interesting implications that especially around digital democracy that I think are are really interesting. Hey, everyone. If you're enjoying this episode so far, be sure to subscribe, leave a review, share with a friend, and join the crypto leftist communities on Discord or Reddit, which you can find links to in the show notes.\n\nIf you're enjoying the interview or find the content I make important, you can pitch into my efforts starting at $3 a month on patreon.com/theblockchainsocialist to help me out and join the newest patrons like Jay Rigo, Ian, Michael Zargam, and Zarena. Contributing to the Patreon really helps since making this stuff isn't free in terms of money or time. And as a Patreon, you'll get a shout out on an episode like I just did and access to bonus content, like Q and A episodes where you can submit and vote on questions you'd like me to answer, and it'll give my thoughts in roughly twenty minutes. In the next bonus episode, I'm gonna be covering my review of the Decentralized Society paper that was published by Vitalik Buterin and Glenn Weil, so be on the lookout for that. Of course, I'll still be making free contents like this interview to help spread the message that blockchain doesn't need to be used to further entrench capitalist exploitation if we put our efforts into it, and so if that message resonates with you I hope you'll consider helping out.\n\nYeah, I think it'd be interesting, if you want to explain maybe as well now, like, the the quadratic staking stuff as well since, you know, Idina is, if I understand, integrated with with Gitcoin. So and Gitcoin uses quadratic funding in which, you know, based on sort of as a way to reduce the the power of capital. But I know you wanted to explain quadratic staking.\n\nSpeaker 1: So, since the last hard fork, Idina, well, first of all, I would like to mention how the hard work hard fork happens in IDNA network. So if you have your node, which is installed and run, and\n\nSpeaker 0: On your computer?\n\nSpeaker 1: Yes. On your on your computer, it could be a Linux or Windows or MacOS.\n\nSpeaker 0: Does it need to be online?\n\nSpeaker 1: Yeah. It has to be online. Online all time. Only people who run their independent node can vote for the fork. And you're void voting for the fork when you are installing the the the latest version that support the changes that are gonna be integrated into the future hard hard fork.\n\nSo they are putting the dates of the of the, election for the new hard fork, And it depends of how many people installed the new version of the node, depends on that, there is gonna be a solution if the hard fork gonna be integrated or not. So people who are against of the hard fork, they supposed to keep the old version of the node. And people who wants to integrate the hard fork, they have to upgrade the version of their, node that they are running on the system. So because of the last elections that happened in the in the in the last part of the May, we are getting into the new hard fork. And in new hard fork, they changed the mechanic because before, you were getting rewards based on the age of your identity.\n\nFor example, the older your identity, the more rewards validation rewards you're getting. They they have changed that that mechanic. Why? Because just imagine, I came into the network two years ago, and you came to the network just now. And there is a discrimination because I'm gonna get more and you're gonna get less just because you get to know about the about the idea, way lay the way later than me.\n\nSo they changed that mechanics into mechanic when you are investing your coins into the stake. And then we are getting the whole pie of the whole stake in the whole network. And then depends on what part of that pie is yours, depends on that, you're gonna get a reward for the validation, which is very smart because more you're investing, more you're getting from the block chain. But there is another problem. There are people who has huge amount of IDNA tokens.\n\nSo based on that, they're supposed to get more than people who are have just a few tokens. So how they solve that problem? There is, there is a parameter. First of all, they created a stake calculator, which helps you to calculate your incomes. It is available on the on the on the main page, which is idina.io.\n\nBut how they are balancing between a huge amount of of people who has a big stake and people who has a small stake. So then more you are investing, then less percentage you are getting. So you're not gonna have the same annual earnings annual earnings per year, with the small stake and with the big stake. So more you're investing, less percentage you're getting. And we are solving many problems.\n\nFirst of all, people let's talk about farmers. Right? Like, before, farmers, they put all of the amount of money that they have just on one identity, and they were keeping it. It was like a holder identity. Now they cannot do it anymore.\n\nThey have to spread all of that coins that they have between many identities if they want to continue their their farming business. But there is one more thing. Because in that hard fork, they integrate, they integrate the staking. There is a chance that you can lost the stake, and there are some rules. First of all, only human on the identity with the human status can have 100% of the state protection.\n\nAnother identity is if you are fail the validation. What does it mean fail? Fail means you are participated, but the results of your validation was very, very low. So if you are failing, you are losing your stake completely, like, 100%. So there is one more problem for farmers.\n\nThey can they have also checked the quality of people, how they supposed to pass the test, and they would prefer to keep their identities where they're gonna spread their stake only to identities with a human status. So we with that hard fork, we are completely changing the game. Now the farmers, they're supposed to care about the quality of their identities and about the quality of the people who gonna pass the validation because they supposed to do it in a very high level. And this is very, very important about the quadratic staking. So now because since the hard work has been integrated, the whole amount of the stake, it it is it was doubled.\n\nSo now we have 100% more coins that are saved and in in in in staking. Yes.\n\nSpeaker 0: So, like, this this gets at the critique as well. I think that a lot of critics will say about cryptocurrencies that it incentivizes the the first the first arrivers, basically. And for the most part, almost every other cryptocurrency is basically that way. Partially, I think, because of, I mean, just the way a market works generally, but also I think it's sort of exacerbated with kind of, like, this this sort of obsession with deflationary economics, I think, as well sort of exacerbates the issue. But yeah.\n\nSo this using the quadratic function, I think it probably doesn't solve it completely to where now that we have perfect equality, but it definitely dampens the amount of inequality, over time, I think, which is interesting.\n\nSpeaker 1: And I would say one more thing. Yes. During the the whole history of the Idina network, there are some huge farms, but only that huge farm can continue their business. The small farms, all of them are disappeared because it is very hard to get into that business since now. Because first of all, you have to find people, then you have to train them, then you have to care about the stake.\n\nThere are many, many complications. So now that now it is like people just imagine you're looking for a way to create a farm, and you start to think how many things you need to care. And the benefits that you're getting out of that, they are not so I mean, yes. Of course. If you have thousands of people, you could earn money, not big money, but money.\n\nYes. But if you're we are talking about 10 or 20 people. It doesn't make sense to create farm. So that's how the quadratic state protect the blockchain out of farmers.\n\nSpeaker 0: So there there is a large farm, at the moment that is still working?\n\nSpeaker 1: There are there is. Yes. But just a few. And, they they they exist because of the lack in the past. But now the blockchain doing the best to make that business very, very hard.\n\nSpeaker 0: Right. Over time, I think now it seems that there is just a higher likelihood over time that the farm will not be able to sustain its its business. And that's something that is, like, I don't know, maybe, like, fun drama to watch, but also, like, like, democratically, it makes more sense.\n\nSpeaker 1: Yeah. There is one more thing. It's very important because the idea now adding the watermark into the flips, So people who are tired to work in the farm, they are getting into the blockchain. So farmers doing promotion work for the blockchain, and many people who came into the idea, they actually came from farmers because they're doing a lot of job. They're promoting.\n\nThey're looking for a people. They put in announcement. Yes. Of course, they are not talking that this is IDINA, but people can see and smart people gonna leave the farms, and then they're gonna be a part of the IDENA network. And this is wonderful.\n\nSo farms, in a democratical way, they are doing their job. They are promoting IDENA.\n\nSpeaker 2: Yeah. And it it's interesting because IDENA as a network over time actually, a broad goal is to reward the individual person. Right? So that's why we're seeing kinda like this disbanding of some of the largest farms. People are realizing, hey.\n\nI don't need a farm. Hey. I don't need a massive organization to participate in this network. Basically, you can now participate in Idina from your web browser, which is pretty amazing. And if you wanna operate a full node on other blockchains for the for the layman person like myself, forget about it.\n\nLike, forget about setting up a full Bitcoin node or an Ethereum node. It it's just too technically intense. Well, while on Idina, if you can download a web browser like Google Chrome onto your computer, a simple application, install it, and then participate, that's essentially what you can do with IDINA. So I've seen some of my friends who have never participated with any other blockchain network basically, download the IDINA node on their computer, participate in the validation ceremony, and become a part of the Idina network. So it's really cool to see it's happening, like, on a personal level with me and my friends, but I'm also seeing it globally where these massive farms that used used to have a big hold on people.\n\nNow those people are breaking out of these farms and just operating by themselves. So it's cool to see.\n\nSpeaker 0: Interesting dynamics. It's I think, yeah, for the cynic, I think it's easy to look at the farms and say, like, see, it can't work. It can't happen because you have these issues. Whereas I think what is actually interesting is the fact that they're honest about the issues and that's, it looks like to me that there has been progress at least in in in decreasing the severity of those issues. So I think sometimes, you know, I kind of say, like, don't don't let perfect get in the way of of good enough.\n\nAnd so, like, thinking in this more, in my opinion, it looks like kind of cybernetic way of where you're trying to contain a system in a particular direction knowing that you have certain that there are uncertainties, is, like, interesting to see.\n\nSpeaker 2: Yeah. And and one cool thing to touch on that point is I think something really unique to the Idina community is, both the core team and the community itself. We have these discussions about new concepts or or maybe implementing a hard fork. And and we get the idea as close to possible as perfect. But like you said, don't let perfect get in the way of great.\n\nSo we we have conversations. We discuss. We see what are the pros. What are the cons? You know, you have two different sides and they debate, and and we get this this huge debate going, and we get the the idea as close to possible as a final product that's perfect.\n\nBut, of course, you can always get it there. Right? You might get it to 99% or 98%. But instead, as l traveler mentioned earlier with these hard forks, we get that idea very close. And then to implement it, we we have a system in place to where you can actually vote with your node, whether to implement that hard fork.\n\nAnd and we've actually already had a few hard forks in the past that were successfully implemented, and that is all based on community governance.\n\nSpeaker 1: And and anyone anyone can create and promote their ideas. And then first stage, you create an idea, and you have to write, this idea into, like, somewhere. It could be a public platform, or you even can save your notes into the black blockchain because there is a system which is called IPFS. It's like a file system that are integrated inside the blockchain, and you can publish, like, a simple web pages there. And then you are creating an oracle.\n\nAnd then if the majority of people gonna vote for you, then in the next stage, you can go into the there is a on the on the website, which is docs.idina.io, there is a part which is called I I p s. It's like ideas to improve idina. And then your idea gonna be integrated there. And then there is a mechanism of the smart contracts. So and with that mechanism, the blockchain gonna pay you part by parts, depends of the of the in which stage you your ideas integrated.\n\nSo it's like if the people if the majority of people choose you, you are responsible to make an integration of your idea into IDINA blockchain. That's how that smart ideas came about the quadratic stake and so on. And because of the group discussion, because of the votes, and this is incredible. That's this is really shows how people could really improve the mechanic and how the, how the IDINA blockchain governance can manage the evolution of the system.\n\nSpeaker 0: I see. It's really interesting. So, like, you can you can build in systems of accountability to where, for one, you can be recognized as a person who maybe thought of an idea, and then people can hold you accountable if you say you're going to do that idea to actually make it with so, like, you have the I don't know, you can you can you can stay as anonymous as you want while also still having accountability.\n\nSpeaker 1: I would like to mention one more thing. It's just about the idea. So we didn't touch much the idea of the decentralized advertisement. But this is very important. It's like a new thing that, community that IDINA engineers that are integrated.\n\nAnd the interesting part of that is that there is no motivation for people to click on advertisement, or there is nobody who are paying to watch the advertisement because this is a big problem of the marketing now because people can, there are some organizations that are making business out of paying for someone to watch ads or out of, people who are clicking on ads. So I did not solve that completely. How? They have created first of all, they they call it decentralized advertisement mechanism. And if he wants to promote something, first of all, you have to pass the moderation process.\n\nAnd who is gonna be the moderators? The moderator is gonna be members of the network. So you're creating an ad, then you're sending an ad into the blockchain, then the blockchain choosing randomly the com the the committee that's gonna do the moderation. And then the majority of moderators, if they approve the ads, never mind if they approve the ads or if they decline the ads, they're gonna get rewarded, the majority of the moderators who who choose the decision. So and if your ads is passing the moderation, then you have to burn coins to catch attention of people.\n\nSo nobody earning money. You have to burn coins to show your ad. And this is incredible. That's how we are protecting ourselves from the inflation mechanism because we are burning coins. And then there are there are, like, people it's it's like how we're making a circulation of the coins inside the the network.\n\nSpeaker 0: Right. Yeah. It's, we were talking about this earlier, but it's like someone who wants to create an advertisement that will show on the Idina platform will have to burn their tokens. And the more that they burn, the more likely it is that their advertisements will be shown. And because it's burnt, everyone who is a part of the Idena ecosystem, theoretically, would benefit from that because the the spoils due to the burning would sort of, like, be evenly split amongst everyone rather than, like, Google or whoever else Facebook sort of earning all of the revenue from, you know, someone wanting to to push ads.\n\nAnd there's no, like, what was it, like, you know, like payments per click or pay per click or something like that involved either. Yeah. Thank you guys so much for coming on and for, explaining Idina to us. It's been really awesome to hear. Yeah.\n\nThis is this is, like, so much different than, like, usually I get someone who's, like, the engineer of the of of the project or, like, a manager of the project or something like that, but you guys are, like, community members, which is, like, pretty different. But, yeah, you guys maybe just to end it off, if you want to share, share your plugs, where can people find you, where can people follow you, and any last words?\n\nSpeaker 1: So I have a YouTube channel, the YouTube channel called Cryptorato, but, the main subject of my channel is Idina. I'm talking about, like, the basics of IDINA, also about some technical knowledges. And, also, on GitHub, I'm developing this script, which is called IDINA runner that helps to run Idina node in in a Linux system because many people, they don't have enough of knowledge. But most of the servers that you're gonna rent to build your own node are gonna be on Linux because it's cheaper in comparing to the Windows Server. So many people prefer to rent a VPS using a Linux system.\n\nSo with my script, you can run it just with the one comment, and then you can run completely, fully node. So and, yeah. Like, that's how I feel, like, my way to, to serve for for the community.\n\nSpeaker 2: Yeah. So my closing thoughts, first of all, I wanna just thank you for having us on here and kinda giving a perspective into Idina and huge, huge, huge shout out, to all of the rest of the Idina community. You know, we're present on Discord, Telegram, other social channels, Twitter, etcetera. But it truly is a global community. There's obviously an opportunity for more technical people that really wanna dive into the tech, but also just anybody who wants to get started with blockchain technology or web three.\n\nIt's a very, very welcoming community for all ranges of that scale. So if you'd like to check it out, you can go to idina.io, and that's a great place to get started with the community.\n\nSpeaker 1: And and, also, there is one more thing. Because it's we are just on the initial part, you know, and it is wonderful to be part of that system that actually represent, fair democracy without conclusion, like, where are you from? From which country? What is your nationality? The most important part that you are a human, and you can serve for the community just because you are a human, and you can get the benefits of the community because you are a human and not because how big your stake or, what is your location and what kind of hardware do you have and so on.\n\nAnd this is very important. And I hope that, that podcast gonna bring more people into our friendly and open mind community. And thank you very much. It was a pleasure, you know, to participate today in Taco Bell.\n\nSpeaker 0: Yeah. Thank you guys a lot.", "paragraphs": [ { "sentences": [ { "text": "Alright.", "start": 15.075, "end": 15.575 }, { "text": "Hi, everyone.", "start": 15.875, "end": 16.595 }, { "text": "You're listening to a very, special interview of The Blockchain Socialist because we're going to talk about something that I've gotten a lot of questions about when it comes to Blockchain and how do you use Blockchain and crypto for a more democratic type of economy.", "start": 16.595, "end": 35.059998 }, { "text": "And the reason that is is because I think for a lot of people when they look at the surface of Blockchain world, they think, well the power of capital, no matter how democratic you want, you know, your Blockchain economy, to be, the power of capital will always prevail because, anybody can make sort of any amount of wallets or identities.", "start": 35.6, "end": 55.780003 }, { "text": "There's no way to verify that one person is a single identity and therefore the default way that a lot of these systems and applications are sort of governed is sort of through how many tokens do you own.", "start": 55.920002, "end": 69.745 } ], "start": 15.075, "end": 69.745, "num_words": 150.0, "speaker": 0 }, { "sentences": [ { "text": "And therefore, if you own more tokens, you have more power.", "start": 69.745, "end": 72.725006 }, { "text": "And that looks exactly like the same type of economy that we have today in which people with a shit ton of money are able to have also a shit ton of power at the same time.", "start": 72.945, "end": 81.54 }, { "text": "And so part of this issue or, like, the way that people have responded to this issue, of course, is trying to find, ways around it.", "start": 81.62, "end": 89.32 }, { "text": "There are some solutions out there that I think are worse or better than others.", "start": 89.62, "end": 96.075 }, { "text": "You know, we've heard of things like proof of humanity but that is one that's sort of in my opinion, proof of humanity to me looks sort of like a privacy nightmare in the long run.", "start": 96.075, "end": 105.115 } ], "start": 69.745, "end": 105.115, "num_words": 125.0, "speaker": 0 }, { "sentences": [ { "text": "So I'm not like a huge fan of that type of system.", "start": 105.354996, "end": 107.854996 }, { "text": "But there are other more interesting ones and one that caught my eye was one called Idina.", "start": 108.18, "end": 112.28 }, { "text": "And Idina is something that is a separate blockchain and it also preserves people's privacy who are able to but but also creating their own identity and verifying that identity.", "start": 112.5, "end": 124.255005 }, { "text": "So we're gonna go into how that happens and how that works.", "start": 124.395004, "end": 127.695 }, { "text": "I was in contact with one of the core engineers of the project who wanted to stay anonymous so he didn't want to be interviewed but the Idina community, came up with a couple of people who wanted to come onto my show and sort of explain what Idina is, why it's important, and what are the implications of it.", "start": 128.155, "end": 144.29 } ], "start": 105.354996, "end": 144.29, "num_words": 131.0, "speaker": 0 }, { "sentences": [ { "text": "So we're gonna go into that.", "start": 144.29, "end": 145.49 }, { "text": "So I have two people with me.", "start": 145.49, "end": 146.69 }, { "text": "I have Trav Crypto and L Traveller,", "start": 146.69, "end": 149.43 } ], "start": 144.29, "end": 149.43, "num_words": 20.0, "speaker": 0 }, { "sentences": [ { "text": "who are", "start": 149.845, "end": 150.08499 } ], "start": 149.845, "end": 150.08499, "num_words": 2.0, "speaker": 1 }, { "sentences": [ { "text": "both, if you can't tell, pseudo anonymous names, because we like to preserve privacy here.", "start": 150.08499, "end": 154.265 }, { "text": "But yeah.", "start": 154.325, "end": 154.645 }, { "text": "Hey, guys.", "start": 154.645, "end": 154.965 }, { "text": "Thanks for coming on.", "start": 154.965, "end": 155.605 }, { "text": "Do you guys want to, like, maybe give just, like, a quick introduction to yourselves?", "start": 155.605, "end": 158.505 } ], "start": 150.08499, "end": 158.505, "num_words": 38.0, "speaker": 0 }, { "sentences": [ { "text": "My nickname is Elle Traveler.", "start": 158.565, "end": 160.185 }, { "text": "I became into the project, like, one year and a half or two years.", "start": 160.485, "end": 164.485 }, { "text": "I don't remember exactly.", "start": 164.485, "end": 165.45999 }, { "text": "And, that project touched me because well, first of all, I was looking, like, for something that could give me a chance to get into the crypto without any investment because I was kind of new into the crypto.", "start": 165.45999, "end": 184.085 }, { "text": "And I start to read, and I and first, what catch my attention, it was like, wow.", "start": 184.785, "end": 189.505 } ], "start": 158.565, "end": 189.505, "num_words": 79.0, "speaker": 1 }, { "sentences": [ { "text": "You don't need to buy anything.", "start": 189.505, "end": 191.365 }, { "text": "You need just to solve flips, and you're getting rewards.", "start": 191.585, "end": 196.18001 }, { "text": "And step by step, it becoming, like, pretty fun to solve something every 20 days, and then you're getting some crypto.", "start": 196.92001, "end": 204.98001 }, { "text": "And then at the end, after three or four validation ceremonies, you have, like, amount of money, which is not a big money, but it is money.", "start": 205.28, "end": 215.885 }, { "text": "And then I start to develop my own script, which is called Idina runner, which helps people to run Idina in in the Linux server without, like, knowing a lot about Idina in interactive way.", "start": 216.42499, "end": 233.4 } ], "start": 189.505, "end": 233.4, "num_words": 99.0, "speaker": 1 }, { "sentences": [ { "text": "And then I start to do my own YouTube channel, which is Crypto Retail, which is now focused on IDINA blockchain to explain everything, especially, like, in a technical way for people.", "start": 234.08499, "end": 248.425 }, { "text": "And that's how, yeah, that's how I got into the IDINA world.", "start": 249.38, "end": 253.48001 } ], "start": 234.08499, "end": 253.48001, "num_words": 44.0, "speaker": 1 }, { "sentences": [ { "text": "And we'll explain all those things that you mentioned in a little bit.", "start": 253.94, "end": 256.58002 }, { "text": "So I know some people might be confused.", "start": 256.58002, "end": 258.2 } ], "start": 253.94, "end": 258.2, "num_words": 21.0, "speaker": 0 }, { "sentences": [ { "text": "Hey, guys.", "start": 258.82, "end": 259.30002 }, { "text": "I'm Trav.", "start": 259.30002, "end": 260.04 }, { "text": "I go by Trav crypto online and different socials.", "start": 260.58002, "end": 264.6 }, { "text": "I've been a part of the Idina community for about a little over two years now.", "start": 265.035, "end": 269.77502 }, { "text": "But, like most people, I started out kind of out of high school with personal finance, kind of diving into economics.", "start": 270.23502, "end": 278.73502 } ], "start": 258.82, "end": 278.73502, "num_words": 50.0, "speaker": 2 }, { "sentences": [ { "text": "That got me interested in cryptocurrency.", "start": 279.72998, "end": 282.06998 }, { "text": "I started reading white papers like Bitcoin and Ethereum.", "start": 282.68997, "end": 286.31 }, { "text": "That kind of got me more interested in blockchain technology and then more importantly, proof of or different consensus mechanisms that actually govern blockchains.", "start": 287.09, "end": 299.295 }, { "text": "So I I came across Idina because I was searching and searching for a blockchain that wasn't based solely on, kind of how much money you had or plutocracy, but rather, a blockchain that's open and welcoming for anyone to participate in.", "start": 299.915, "end": 321.14 }, { "text": "And it's actually the first blockchain that I ever was able to, as a nontechnical person, very easily set up a full node and participate in the actual validation of the blockchain.", "start": 321.44, "end": 333.375 } ], "start": 279.72998, "end": 333.375, "num_words": 113.0, "speaker": 2 }, { "sentences": [ { "text": "Nice.", "start": 333.915, "end": 334.23502 }, { "text": "Cool.", "start": 334.23502, "end": 334.73502 }, { "text": "So maybe, like, Trav, if you want to start, can you give us like a high level explain like I'm five, you know, what is Idina?", "start": 334.875, "end": 343.58 } ], "start": 333.915, "end": 343.58, "num_words": 28.0, "speaker": 0 }, { "sentences": [ { "text": "Absolutely.", "start": 344.43997, "end": 344.93997 }, { "text": "Yeah.", "start": 345.08, "end": 345.47998 }, { "text": "So, first of all, I wanna lead off with, you don't need any experience in cryptocurrency or blockchain to participate in the IDINA community.", "start": 345.47998, "end": 357.225 }, { "text": "You could actually, without any funds, basically just a device and yourself, proof of person, which I'll dive into momentarily, you can participate in Idina and start validating, on the Idina blockchain.", "start": 357.605, "end": 374.47 }, { "text": "So what Idina is essentially is a block layer one blockchain that uses the consensus mechanism proof of person.", "start": 374.47, "end": 385.665 } ], "start": 344.43997, "end": 385.665, "num_words": 77.0, "speaker": 2 }, { "sentences": [ { "text": "And what that means is unlike proof of work where you need lots and lots of computer power to participate in the network, That would be one example would be like Bitcoin.", "start": 386.365, "end": 398.87 }, { "text": "Or unlike proof of stake where you need a lot of resources or money, or a certain amount of the given cryptocurrency to participate, IDINA, you can participate just by being a human.", "start": 399.56998, "end": 414.26498 }, { "text": "Right?", "start": 414.405, "end": 414.725 }, { "text": "Just by proving, your personhood, which is really cool and welcoming for everybody.", "start": 414.725, "end": 420.745 }, { "text": "And just to give a brief kind of explanation of how to get started, you could go to idina.io, and that's the website that basically breaks down how to participate in this proof of personhood, blockchain.", "start": 421.76498, "end": 437.815 } ], "start": 386.365, "end": 437.815, "num_words": 115.0, "speaker": 2 }, { "sentences": [ { "text": "Yeah.", "start": 438.275, "end": 438.51498 }, { "text": "I think, there is one thing that the difference like, the main difference between other blockchains that other blockchains using the power of your money or the power of the hardware that you have.", "start": 438.51498, "end": 454.92 }, { "text": "But the Idina blockchain is using the power of your brain.", "start": 455.46, "end": 458.84 }, { "text": "So it's like you are investing your brain into the fair democracy because there is very hard to have many identities.", "start": 459.3, "end": 469.895 }, { "text": "Yes.", "start": 470.115, "end": 470.435 } ], "start": 438.275, "end": 470.435, "num_words": 68.0, "speaker": 1 }, { "sentences": [ { "text": "You could have one more, preferably two more identities, and you can pass the validation, like, simultaneously, but this is the maximum.", "start": 470.435, "end": 478.13498 }, { "text": "So that's how the blockchain protect themselves out of, cloning, you know, like, the identities and so on.", "start": 479.18, "end": 488.7 }, { "text": "And this is very important.", "start": 488.7, "end": 490.08002 } ], "start": 470.435, "end": 490.08002, "num_words": 45.0, "speaker": 1 }, { "sentences": [ { "text": "Yeah.", "start": 491.55502, "end": 492.05502 }, { "text": "Do you want to maybe explain exactly what the proof of personhood consensus mechanism is, how that works?", "start": 492.67502, "end": 499.65503 } ], "start": 491.55502, "end": 499.65503, "num_words": 19.0, "speaker": 0 }, { "sentences": [ { "text": "I think you will start and then I will add something.", "start": 499.95502, "end": 502.295 } ], "start": 499.95502, "end": 502.295, "num_words": 11.0, "speaker": 1 }, { "sentences": [ { "text": "Yeah.", "start": 502.355, "end": 502.595 }, { "text": "Yeah.", "start": 502.595, "end": 502.915 }, { "text": "So, like we mentioned, there's kind of a good synergy between me and l traveler because, I like to give kind of a broad high level overview, and then, of course, he can dive into the more technical details.", "start": 502.915, "end": 515.82 }, { "text": "So we're a good duo in that sense.", "start": 515.82, "end": 518.06 }, { "text": "But so as I just mentioned, Idina is a blockchain that anyone can participate in.", "start": 518.06, "end": 523.61505 } ], "start": 502.355, "end": 523.61505, "num_words": 64.0, "speaker": 2 }, { "sentences": [ { "text": "That was the point I was trying to hit home.", "start": 523.61505, "end": 525.875 }, { "text": "But more importantly, as Elle Traveler mentioned, all you need is basically yourself and the ability to solve a puzzle called a flip.", "start": 526.49506, "end": 539.27997 }, { "text": "This is kind of the key point.", "start": 540.14, "end": 541.98 }, { "text": "It's a validation ceremony that currently happens once every approximately three weeks that anyone in the world can participate, whether it's your first time or for some of our community members, maybe your eightieth time.", "start": 542.22, "end": 557.375 }, { "text": "You can participate in this validation ceremony.", "start": 558.315, "end": 561.135 } ], "start": 523.61505, "end": 561.135, "num_words": 82.0, "speaker": 2 }, { "sentences": [ { "text": "And and the whole goal from a high level perspective, is just to prove that you're a person, to prove that you're not a bot, to prove that you are in fact a human being and that you're participating in the network.", "start": 561.595, "end": 576.73 }, { "text": "And how we do that is through this validation ceremony where you solve a flip, and the flip is essentially four different pictures in a given order side by side with four other picture four of the same pictures, sorry, in a different order.", "start": 576.79, "end": 595.23004 }, { "text": "And you have to prove, as a human, which of those orders make makes logical sense.", "start": 595.93, "end": 602.51 }, { "text": "And so you just you have a time limit, and you you select which flip is correct, and that proves that you are a human.", "start": 603.29004, "end": 612.125 }, { "text": "So now lTraveler can kinda dive into the more technicals of that and and how it works as a system.", "start": 612.585, "end": 619.565 } ], "start": 561.595, "end": 619.565, "num_words": 147.0, "speaker": 2 }, { "sentences": [ { "text": "Okay.", "start": 621.54504, "end": 622.04504 }, { "text": "So, we have, two types.", "start": 622.10504, "end": 626.95996 }, { "text": "I mean, the whole ceremony, we could divide into the two parts.", "start": 627.74, "end": 631.33997 }, { "text": "Like, the first part, it's a, qualification part, and then we have a main part, like a main ceremony.", "start": 631.33997, "end": 641.015 }, { "text": "For the first part, we have just one minute and forty five seconds.", "start": 641.395, "end": 646.85504 } ], "start": 621.54504, "end": 646.85504, "num_words": 50.0, "speaker": 1 }, { "sentences": [ { "text": "And the purpose of that part is to protect the Blockchain out of people who want to solve, the the validation ceremony from many identities because of the qualification part is very short.", "start": 647.555, "end": 663.82 }, { "text": "Like, you don't have enough of time to solve from many identities.", "start": 663.82, "end": 666.88 }, { "text": "Yes.", "start": 667.345, "end": 667.585 }, { "text": "It is possible, and and some people are passing from two or three.", "start": 667.585, "end": 671.025 }, { "text": "Even I saw from four identities.", "start": 671.025, "end": 672.965 } ], "start": 647.555, "end": 672.965, "num_words": 65.0, "speaker": 1 }, { "sentences": [ { "text": "But I will I will talk about it later because it is very important to pass that qualification part in a maximum score that you could get.", "start": 673.665, "end": 685.36 }, { "text": "Why?", "start": 685.42, "end": 685.89996 }, { "text": "Because depends of that, you will get the identity status.", "start": 685.89996, "end": 690.0 }, { "text": "So for now, we have, three four, actually, identity statuses, like a positive, and two identity statuses, which is negative.", "start": 690.54, "end": 701.205 }, { "text": "So from the positive statuses, we have a candidate, which is it is the first, ceremony.", "start": 701.74506, "end": 708.645 } ], "start": 673.665, "end": 708.645, "num_words": 74.0, "speaker": 1 }, { "sentences": [ { "text": "When you are passing the first ceremony, you are transforming your identity from candidate into the newbie.", "start": 708.705, "end": 715.69 }, { "text": "So to get into the into the ceremony, you have to get an invitation code, which is very important because that's how the blockchain protect themselves out of joining lots of bots.", "start": 716.55, "end": 730.70496 }, { "text": "Because when you cannot create a botnet because to each of the identity, you need a, their invitation code.", "start": 731.245, "end": 740.19 }, { "text": "So since you get into the, candidate part, then if you pass the ceremony, you're becoming to newbie.", "start": 740.83, "end": 751.81 }, { "text": "After the newbie status, you are becoming into the newbie with a number like one.", "start": 752.405, "end": 759.125 } ], "start": 708.705, "end": 759.125, "num_words": 101.0, "speaker": 1 }, { "sentences": [ { "text": "So you have to pass two times with the newbie status.", "start": 759.125, "end": 762.185 }, { "text": "And then at the end, you'll get identified status.", "start": 762.485, "end": 765.865 }, { "text": "And if you're have enough of, epochs age, each of the epoch giving you one more age.", "start": 766.97, "end": 775.62994 }, { "text": "So if you have enough of epochs, then your status and if if you have enough of epochs and you have enough of score, then you're transforming yourself into the human, which is maximum status.", "start": 776.00995, "end": 787.605 }, { "text": "It is very, very important.", "start": 788.865, "end": 790.325 } ], "start": 759.125, "end": 790.325, "num_words": 77.0, "speaker": 1 }, { "sentences": [ { "text": "Maximally human.", "start": 790.625, "end": 791.66504 } ], "start": 790.625, "end": 791.66504, "num_words": 2.0, "speaker": 0 }, { "sentences": [ { "text": "Yes.", "start": 791.66504, "end": 791.985 }, { "text": "Maximally human.", "start": 791.985, "end": 793.34503 }, { "text": "Yes.", "start": 793.34503, "end": 793.84503 }, { "text": "And so now let's go back about the passing validation from many identities.", "start": 794.305, "end": 799.64996 }, { "text": "So if you're passing through two or three identities, of course, you the chance that you're gonna get mistakes are higher.", "start": 800.19, "end": 807.17 } ], "start": 791.66504, "end": 807.17, "num_words": 38.0, "speaker": 1 }, { "sentences": [ { "text": "And the more mistakes you're guessing, the less your status is gonna be.", "start": 808.575, "end": 812.335 }, { "text": "So but only human protect himself from the loss of the stake, And we are gonna talk about later about the staking mechanism that's gonna be announced, earlier.", "start": 812.335, "end": 827.0 }, { "text": "Like, after the last hard fork, the the new mechanism of Quadratic staking has been announced and has been integrated into into the blockchain.", "start": 827.06, "end": 836.455 }, { "text": "So this is very, very important how the blockchain protect themselves from cheating the system to having many identities.", "start": 836.99506, "end": 845.73505 } ], "start": 808.575, "end": 845.73505, "num_words": 84.0, "speaker": 1 }, { "sentences": [ { "text": "So if I could summarize.", "start": 846.35504, "end": 847.575 }, { "text": "So based on, like, my research and and playing around with it and doing it, basically, you need to get in first off, in order to be considered for being a human on the Idina network, you have to go through, like, some training even first before that, I know.", "start": 847.88, "end": 863.33997 }, { "text": "And you do the training where you see how sort of, like, these flip puzzles work in which it's four kinda funky looking pictures sometimes or, like, just, like, stock images that aren't necessarily related to each other.", "start": 863.815, "end": 875.995 }, { "text": "But if you look at them carefully, you can see that they're they're telling, like, a very basic story.", "start": 876.77997, "end": 881.82 }, { "text": "Like, the trash is filled up, someone is taking out the trash, and then someone is putting a new bag in the trash can and then placing the trash can and, you know, the room or something like that.", "start": 881.82, "end": 891.78503 } ], "start": 846.35504, "end": 891.78503, "num_words": 151.0, "speaker": 0 }, { "sentences": [ { "text": "And then on the other side, you'll see the same picture has been the wrong order.", "start": 891.78503, "end": 894.825 }, { "text": "It doesn't make any logical sense why it would be in that order.", "start": 894.825, "end": 897.165 }, { "text": "So it does there's some, like, cognitive, like, efforts you have to make to, like, figure out and, like, I got some wrong too, and I was, like, I felt like an idiot even though, you know, some of them are kinda weird.", "start": 897.225, "end": 907.18 }, { "text": "But, like, doing that, I think after you do, like, a few of the training, I think then you get an invitation code.", "start": 907.64, "end": 913.96 }, { "text": "And then with the invitation code, you can do, like, the official sort of, like, show up at, like, the every 20 days based on, like, the block time, I think.", "start": 913.96, "end": 922.16504 } ], "start": 891.78503, "end": 922.16504, "num_words": 126.0, "speaker": 0 }, { "sentences": [ { "text": "You have a thing where you you go and you try to set you do the same type of practice, I think, maybe four times.", "start": 922.385, "end": 928.865 }, { "text": "We only have, like, two minutes or something like that, very short amount of time to be able to do them.", "start": 928.865, "end": 932.79 }, { "text": "And if you do, like, even doing one, you know, it's going to take some time.", "start": 933.02997, "end": 936.63 }, { "text": "So it's, like, crazy if you can do, like, a bunch of them.", "start": 936.63, "end": 938.97 }, { "text": "But, yeah, indeed, if you do that, then that means that, like, you're probably not going to do it very well.", "start": 939.43, "end": 944.32996 } ], "start": 922.385, "end": 944.32996, "num_words": 96.0, "speaker": 0 }, { "sentences": [ { "text": "And I believe you're not doing even the it's not like it's the same test every time for every person either.", "start": 944.805, "end": 950.165 }, { "text": "So, like, you can't, like, you know so there's, like, what is interesting to me about it is that it it is kind of like a cybernetic system in that it's not trying to, like, heavily enforce one person, can only have one identity and, like, like, you get punished if you if if you even try.", "start": 950.165, "end": 969.92004 }, { "text": "But they say, okay.", "start": 970.06, "end": 971.34 }, { "text": "Try, but you're probably not going to do very well, if you try to do, like, two or something like that.", "start": 971.34, "end": 977.685 } ], "start": 944.805, "end": 977.685, "num_words": 103.0, "speaker": 0 }, { "sentences": [ { "text": "Exactly.", "start": 977.685, "end": 978.08496 }, { "text": "And there is one more thing that it's at from the beginning, it's established the connection between people who invite, who give an invite, and who take invite.", "start": 978.08496, "end": 990.37994 }, { "text": "Because the person who is giving an invite, he's getting rewards, and rewards kind of high.", "start": 990.37994, "end": 996.16 }, { "text": "So the person who are giving you invite is motivated to teach you how to solve and to remind you to go into the validation ceremony because you are motivated to get rewards from the blockchain.", "start": 996.3, "end": 1010.47504 }, { "text": "Because if you are passing if if you're if the identity that you have invited passed the whole process from candidates to identify it, you'll get the maximum reward, which is kind of high reward, you know, like, in comparing of other rewards, like, for the flips or rewards for the yes.", "start": 1010.85504, "end": 1032.255 } ], "start": 977.685, "end": 1032.255, "num_words": 133.0, "speaker": 1 }, { "sentences": [ { "text": "Yes.", "start": 1032.255, "end": 1032.495 }, { "text": "Yes.", "start": 1032.495, "end": 1032.815 }, { "text": "This is very important.", "start": 1032.815, "end": 1033.955 } ], "start": 1032.255, "end": 1033.955, "num_words": 6.0, "speaker": 1 }, { "sentences": [ { "text": "So you want to give it to, like, a a real human?", "start": 1034.335, "end": 1036.735 } ], "start": 1034.335, "end": 1036.735, "num_words": 12.0, "speaker": 0 }, { "sentences": [ { "text": "Exactly.", "start": 1036.735, "end": 1037.235 }, { "text": "Exactly.", "start": 1037.2949, "end": 1037.695 }, { "text": "Yes.", "start": 1037.695, "end": 1037.855 } ], "start": 1036.735, "end": 1037.855, "num_words": 3.0, "speaker": 1 }, { "sentences": [ { "text": "An AI.", "start": 1038.015, "end": 1038.595 }, { "text": "Exactly.", "start": 1038.6549, "end": 1039.135 }, { "text": "Yeah.", "start": 1039.135, "end": 1039.635 } ], "start": 1038.015, "end": 1039.635, "num_words": 4.0, "speaker": 0 }, { "sentences": [ { "text": "Right.", "start": 1040.4149, "end": 1040.6549 }, { "text": "And and that's a good point to touch on as well.", "start": 1040.6549, "end": 1043.135 }, { "text": "You know, we talked about, oh, maybe a human can solve multiple, or participate with multiple identities in a single validation ceremony.", "start": 1043.135, "end": 1055.21 }, { "text": "Me personally, I can barely complete no.", "start": 1055.75, "end": 1058.95 }, { "text": "I'm just kidding.", "start": 1058.95, "end": 1059.795 } ], "start": 1040.4149, "end": 1059.795, "num_words": 44.0, "speaker": 2 }, { "sentences": [ { "text": "I I can complete, you know, the six solving the six flips in the two minutes, maybe with, say, like, thirty seconds to spare.", "start": 1060.3551, "end": 1070.295 }, { "text": "Other people who maybe have a slightly higher IQ or are have, faster dexterity on their keyboard, they can maybe participate in two or three ID identities.", "start": 1071.155, "end": 1084.33 }, { "text": "And at the highest extreme, maybe four.", "start": 1084.47, "end": 1087.21 }, { "text": "But it's definitely something that curves, exponentially to where you you very quickly hit a barrier of the number of identities that you can validate in a given ceremony.", "start": 1088.035, "end": 1100.935 }, { "text": "But but more importantly than that is that currently, AI has been unsuccessful in participating in these validation ceremonies, and that's kind of a key point that we have to touch on here.", "start": 1102.41, "end": 1117.275 } ], "start": 1060.3551, "end": 1117.275, "num_words": 120.0, "speaker": 2 }, { "sentences": [ { "text": "Right.", "start": 1118.235, "end": 1118.715 }, { "text": "Exactly.", "start": 1118.715, "end": 1119.215 } ], "start": 1118.235, "end": 1119.215, "num_words": 2.0, "speaker": 0 }, { "sentences": [ { "text": "And, I will continue so that subject.", "start": 1119.275, "end": 1121.675 }, { "text": "So how the blockchain protects, from the artificial intelligence to solve the flips?", "start": 1121.675, "end": 1129.295 }, { "text": "First of all, there is antagonistic noise.", "start": 1129.8351, "end": 1133.9501 }, { "text": "It's kind of noise that randomly are added into the images automatically when you upload the flips.", "start": 1134.17, "end": 1141.9501 }, { "text": "So and through that antagonistic noise, the artificial intelligence cannot recognize exactly what the object are into into the image.", "start": 1142.3301, "end": 1154.115 } ], "start": 1119.275, "end": 1154.115, "num_words": 64.0, "speaker": 1 }, { "sentences": [ { "text": "And the second", "start": 1154.655, "end": 1155.215 } ], "start": 1154.655, "end": 1155.215, "num_words": 3.0, "speaker": 1 }, { "sentences": [ { "text": "But anti yep.", "start": 1155.295, "end": 1156.095 }, { "text": "But antagonistic noises is check.", "start": 1156.095, "end": 1157.775 }, { "text": "Is that, like, something invisible to us that is, like, digitally kinda there?", "start": 1157.775, "end": 1163.15 } ], "start": 1155.295, "end": 1163.15, "num_words": 21.0, "speaker": 0 }, { "sentences": [ { "text": "It is visible.", "start": 1163.15, "end": 1163.97 }, { "text": "You can see, like, like a noise, but it did it it didn't it didn't distract the sense of the image.", "start": 1164.03, "end": 1174.05 } ], "start": 1163.15, "end": 1174.05, "num_words": 24.0, "speaker": 1 }, { "sentences": [ { "text": "Right.", "start": 1174.845, "end": 1175.085 }, { "text": "For human for the human eye.", "start": 1175.085, "end": 1176.525 } ], "start": 1174.845, "end": 1176.525, "num_words": 7.0, "speaker": 0 }, { "sentences": [ { "text": "For the human eye.", "start": 1176.525, "end": 1177.245 }, { "text": "Yes.", "start": 1177.245, "end": 1177.565 }, { "text": "You can see, like, yes.", "start": 1177.565, "end": 1179.085 }, { "text": "It's maybe it is less, clear, but it is not like you cannot recognize it.", "start": 1179.085, "end": 1185.985 }, { "text": "You can notice that noise.", "start": 1186.045, "end": 1187.665 } ], "start": 1176.525, "end": 1187.665, "num_words": 30.0, "speaker": 1 }, { "sentences": [ { "text": "And and recently, they also I don't know if it is integrated or not.", "start": 1188.3, "end": 1194.54 }, { "text": "It's just I recently received response from them because I have asked what could be also another mechanism to protect.", "start": 1194.54, "end": 1202.135 }, { "text": "And they are thinking to integrate the mechanics where kind of another image gonna be applied, but with the with a few percentage of a per opacity.", "start": 1202.135, "end": 1217.97 }, { "text": "It's like it's gonna be an image, but it's gonna be another image inside that image with the last percent with the short percentage of opacity.", "start": 1217.99, "end": 1228.6549 }, { "text": "And this is another protection mechanism.", "start": 1228.955, "end": 1231.0549 } ], "start": 1188.3, "end": 1231.0549, "num_words": 93.0, "speaker": 1 }, { "sentences": [ { "text": "And and so the explain like on five explanation of this is basically, you, I, and everyone listening to this podcast could maybe look out a window and see a cat.", "start": 1231.835, "end": 1244.79 }, { "text": "Right?", "start": 1244.79, "end": 1245.27 }, { "text": "And we all know that it's a cat.", "start": 1245.27, "end": 1246.89 }, { "text": "But maybe there's some smudges on the window or maybe there's some some, kinda drawing lines, scribbles on the window, window.", "start": 1247.27, "end": 1255.3118 }, { "text": "And we could all look out there and easily tell that it's a cat because we're all human and we understand that.", "start": 1255.3118, "end": 1260.8251 } ], "start": 1231.835, "end": 1260.8251, "num_words": 83.0, "speaker": 2 }, { "sentences": [ { "text": "But an AI would try to look through that window and and that distortion and that additional blurriness or or squiggly lines, does not allow for the AI to comprehend that it's in fact a cat.", "start": 1260.885, "end": 1275.1499 } ], "start": 1260.885, "end": 1275.1499, "num_words": 36.0, "speaker": 2 }, { "sentences": [ { "text": "And, I think at the same time, I know that there is sort of, like if you go through the documentation of Athena, like, they admit, like, this is a arms race, basically.", "start": 1275.61, "end": 1285.605 }, { "text": "Like, they know that perhaps someday, like, their their mechanisms are not going to or their how they're trying to defend themselves from AI may not work anymore, and so they'll have to find something else.", "start": 1285.985, "end": 1296.625 }, { "text": "And it the point is just to, like, stay ahead of that curve for, hopefully, as long as possible unless we make, whatever, AGI, I think it's called, or something like that.", "start": 1296.625, "end": 1305.9701 } ], "start": 1275.61, "end": 1305.9701, "num_words": 101.0, "speaker": 0 }, { "sentences": [ { "text": "Exactly.", "start": 1305.9701, "end": 1306.37 }, { "text": "It's like a balance between between bad guys and good guys.", "start": 1306.37, "end": 1310.61 }, { "text": "You know?", "start": 1310.61, "end": 1311.165 }, { "text": "And it is always like that.", "start": 1311.245, "end": 1312.4451 }, { "text": "It's pretty interesting, you know.", "start": 1312.4451, "end": 1313.885 } ], "start": 1305.9701, "end": 1313.885, "num_words": 25.0, "speaker": 1 }, { "sentences": [ { "text": "Like, everyone there is a in the community, there are two parts, and they are friends, actually.", "start": 1313.885, "end": 1319.165 }, { "text": "Like, there are farmers who are always trying to cheat the system, and there are, like, developers who hate farmers, but they are kind of, like, in a good relationships.", "start": 1319.165, "end": 1328.84 }, { "text": "I mean, everyone knows who is the farmer, like, in the community, but nobody there is no discrimination.", "start": 1329.46, "end": 1335.0 }, { "text": "Okay.", "start": 1335.54, "end": 1335.9401 }, { "text": "If you wanna take the part of the bad guys, there is gonna be a good guys who gonna protect the blockchain.", "start": 1335.9401, "end": 1341.08 } ], "start": 1313.885, "end": 1341.08, "num_words": 88.0, "speaker": 1 }, { "sentences": [ { "text": "And this is very, very interesting.", "start": 1341.455, "end": 1342.895 }, { "text": "It's like it's like it's like real, ecosystem.", "start": 1342.895, "end": 1347.475 }, { "text": "The and and there is a balance in that ecosystem.", "start": 1348.175, "end": 1351.315 }, { "text": "It's wonderful.", "start": 1351.535, "end": 1352.275 } ], "start": 1341.455, "end": 1352.275, "num_words": 26.0, "speaker": 1 }, { "sentences": [ { "text": "I'm curious to ask you guys, though, as well because there are what what is interesting is that there there is, like, you call them rituals.", "start": 1353.375, "end": 1359.59 }, { "text": "So every twenty days or so, you have to you do this puzzle.", "start": 1359.97, "end": 1363.8099 }, { "text": "So you have to continuously prove that you're a human.", "start": 1363.8099, "end": 1366.85 }, { "text": "You're not just a human once, you're a human over time.", "start": 1366.85, "end": 1369.73 }, { "text": "So I guess if you die then, like, your of course your identity would will disappear from from from the blockchain.", "start": 1369.73, "end": 1376.925 } ], "start": 1353.375, "end": 1376.925, "num_words": 81.0, "speaker": 0 }, { "sentences": [ { "text": "But I'm curious, like, what your, experience has been like being a part of that ritual?", "start": 1378.105, "end": 1384.76 }, { "text": "Because it's, it sounds strange, like, in our day and age to do any sort of, I mean, if you're not religious and then you go to church every Sunday or something, but besides that, like, people don't really do rituals very much like this.", "start": 1384.76, "end": 1395.82 } ], "start": 1378.105, "end": 1395.82, "num_words": 61.0, "speaker": 0 }, { "sentences": [ { "text": "Yeah.", "start": 1396.44, "end": 1396.76 }, { "text": "So a synonymous term, for like a less, abstract term is a validation ceremony.", "start": 1396.76, "end": 1404.185 }, { "text": "That's what I like to call it personally.", "start": 1404.245, "end": 1406.025 }, { "text": "Just because it's human humans validating their personhood on the blockchain.", "start": 1406.405, "end": 1411.6399 }, { "text": "But, yeah, it's been called all kinds of things, rituals and, maybe a meet up.", "start": 1412.1799, "end": 1418.44 } ], "start": 1396.44, "end": 1418.44, "num_words": 49.0, "speaker": 2 }, { "sentences": [ { "text": "And it's just essentially everyone from all around the world that wants to participate in the Idina block chain, logging on at the same time digitally and participating in this validation ceremony.", "start": 1418.98, "end": 1433.545 }, { "text": "And, from my own perspective, you know, currently, it's it happens every approximately three weeks as I mentioned earlier.", "start": 1433.765, "end": 1442.55 }, { "text": "And the reason for this is, you know, if I went on if we had a validation ceremony tomorrow and I went on and validated my personhood, and then we didn't have an additional validation ceremony, I could just continue doing that and creating more and more identities.", "start": 1442.8501, "end": 1461.485 }, { "text": "So what this solves is, everyone being in the same place at at the same time doing this validation ceremony.", "start": 1461.485, "end": 1469.9 }, { "text": "It limits people from creating multiple identities to, a very extreme extent.", "start": 1470.44, "end": 1477.82 } ], "start": 1418.98, "end": 1477.82, "num_words": 131.0, "speaker": 2 }, { "sentences": [ { "text": "And my personal experience, like, I was gonna touch on is in the earlier days of the the Idina community, the validation ceremonies were even more frequent.", "start": 1478.76, "end": 1488.235 }, { "text": "So maybe it was every two weeks.", "start": 1489.8151, "end": 1492.395 }, { "text": "So a lot of the most active members of the community were really, really participating very frequently in these validation ceremonies.", "start": 1492.6951, "end": 1502.03 }, { "text": "Now it's, like I said, every three weeks.", "start": 1503.6901, "end": 1506.75 }, { "text": "It's more reasonable.", "start": 1506.81, "end": 1507.87 } ], "start": 1478.76, "end": 1507.87, "num_words": 66.0, "speaker": 2 }, { "sentences": [ { "text": "It happens on a Saturday, which allows people to, for the most part, participate.", "start": 1508.0901, "end": 1513.785 }, { "text": "And, yeah, it it's cool because we've had on chain governance in the past that have changed this, and it allows people to more people to participate.", "start": 1514.885, "end": 1523.785 } ], "start": 1508.0901, "end": 1523.785, "num_words": 41.0, "speaker": 2 }, { "sentences": [ { "text": "Yeah.", "start": 1524.49, "end": 1524.6499 }, { "text": "And so also in this way, I think what's key for people to understand, like, the difference between maybe something like Idina invalidating your identity and being one person and something like like I mentioned earlier, like proof of humanity is that you don't have to dox yourself.", "start": 1524.6499, "end": 1541.275 }, { "text": "Like, you don't have to reveal, your face.", "start": 1541.275, "end": 1543.8351 }, { "text": "You don't have to reveal, like, your real name.", "start": 1543.8351, "end": 1546.0751 }, { "text": "You don't have to show, like, a state ID or anything to prove that you're human.", "start": 1546.0751, "end": 1549.295 } ], "start": 1524.49, "end": 1549.295, "num_words": 82.0, "speaker": 0 }, { "sentences": [ { "text": "You just have to perform this, like, two minutes of labor every twenty one days, every every three weeks or so.", "start": 1549.915, "end": 1556.81 }, { "text": "But yeah.", "start": 1556.81, "end": 1557.53 } ], "start": 1549.915, "end": 1557.53, "num_words": 23.0, "speaker": 0 }, { "sentences": [ { "text": "And, and also there is, like, one more interesting things that at the beginning, it sounds like a weird you know, like, you have to especially if it is very early in the morning, like, you have to wake up and so on.", "start": 1557.53, "end": 1570.865 }, { "text": "But then you're getting use of that.", "start": 1571.3251, "end": 1574.205 }, { "text": "It's like you feel part of the community.", "start": 1574.205, "end": 1576.0651 }, { "text": "Like, you're doing something and you feel connection.", "start": 1576.125, "end": 1578.865 }, { "text": "And especially, like, if you are in a Telegram chat or any Discord channel, people are talking, some people are posting some weird flips, you know, and they're asking, hey, how to solve that or that?", "start": 1579.19, "end": 1590.07 } ], "start": 1557.53, "end": 1590.07, "num_words": 102.0, "speaker": 1 }, { "sentences": [ { "text": "And you don't feel yourself alone.", "start": 1590.07, "end": 1593.605 }, { "text": "You feel like really, like, lots of people around you and everyone wants to help or yeah.", "start": 1593.605, "end": 1599.765 }, { "text": "Like, you really feel there is a huge community of very, very friendly people, open people, people who wants to to make that network, like, huge and really, like, represent a fair democracy.", "start": 1599.765, "end": 1614.0801 } ], "start": 1590.07, "end": 1614.0801, "num_words": 56.0, "speaker": 1 }, { "sentences": [ { "text": "Mhmm.", "start": 1615.66, "end": 1616.06 }, { "text": "Something I like to sorry.", "start": 1616.06, "end": 1617.3401 }, { "text": "Real quick.", "start": 1617.3401, "end": 1617.9 }, { "text": "Just to compare it to briefly is, kind of the concept of Earth Day.", "start": 1617.9, "end": 1622.615 }, { "text": "Right?", "start": 1622.615, "end": 1623.115 } ], "start": 1615.66, "end": 1623.115, "num_words": 23.0, "speaker": 2 }, { "sentences": [ { "text": "Earth Day happens once a year and it's this global phenomenon to where everyone kinda has this sense of community.", "start": 1623.655, "end": 1630.235 }, { "text": "Like, I'm gonna do this extra little thing to to build the global community and and, humankind to kinda, like, do my part.", "start": 1630.295, "end": 1640.94 }, { "text": "But this happens once a month and it builds a sense of community.", "start": 1641.34, "end": 1644.72 }, { "text": "And, it's obviously going to allow for a lot of cool technologies in the future.", "start": 1645.26, "end": 1651.115 } ], "start": 1623.655, "end": 1651.115, "num_words": 71.0, "speaker": 2 }, { "sentences": [ { "text": "Some of the things, I guess, from your opinion, like, what are some of the more interesting things that you think something like Idina Idina, enables?", "start": 1651.5751, "end": 1659.115 }, { "text": "Like, now that we have this extra layer of verifiable identity without doxxing yourself, what are the types of things that we can we can do with that?", "start": 1659.5751, "end": 1670.75 } ], "start": 1651.5751, "end": 1670.75, "num_words": 54.0, "speaker": 0 }, { "sentences": [ { "text": "Well, I think, the the what what I would say that apart from that, because the the blockchain are focused on well, the main rule of the blockchain, it's like one identity, one vote.", "start": 1670.89, "end": 1686.605 }, { "text": "What that means?", "start": 1687.12, "end": 1688.1599 }, { "text": "That means that we are getting into the mechanic of the true elections.", "start": 1688.1599, "end": 1693.86 }, { "text": "Like, for example, right now, they have a mechanism which is called Oracles.", "start": 1694.5599, "end": 1698.6599 }, { "text": "What that means?", "start": 1699.395, "end": 1700.295 } ], "start": 1670.89, "end": 1700.295, "num_words": 66.0, "speaker": 1 }, { "sentences": [ { "text": "That means you have asked any questions from the community, and then people gonna choose the answer.", "start": 1700.355, "end": 1706.6951 }, { "text": "And then you could get, for example, you you can get the truth answers, not from the machine.", "start": 1706.915, "end": 1715.89 }, { "text": "You you will get the truth answers from people, and you even can reward them.", "start": 1715.89, "end": 1722.2101 }, { "text": "Like, you can create, like, a foundation, and that foundation is going to be spread to the majority of people who are going to It's like you're asking the question.", "start": 1722.2101, "end": 1732.225 }, { "text": "You don't know the answer.", "start": 1732.225, "end": 1733.525 } ], "start": 1700.355, "end": 1733.525, "num_words": 85.0, "speaker": 1 }, { "sentences": [ { "text": "And then depends on the majority of the answers.", "start": 1733.825, "end": 1737.685 }, { "text": "There is going to be the true answer of your questions.", "start": 1738.39, "end": 1741.37 }, { "text": "And this is very, very good, especially in the investigation.", "start": 1742.07, "end": 1746.73 }, { "text": "Like, just imagine if the network is really huge and you will get in and you will get into your hands that kind of instrument that could prove you your theory, especially in the social marketing and the social analysis and so on.", "start": 1747.59, "end": 1764.985 }, { "text": "And this is I think this is something unique that we have for now.", "start": 1764.985, "end": 1769.68 } ], "start": 1733.825, "end": 1769.68, "num_words": 87.0, "speaker": 1 }, { "sentences": [ { "text": "Right.", "start": 1770.54, "end": 1770.78 }, { "text": "This this sort of avoids the issue of, like, you know, asking a question, like, is the sky blue?", "start": 1770.78, "end": 1776.08 }, { "text": "But someone like, how you how you weigh the votes, if that's to my money, someone with a lot of money can say the sky is actually red, guys.", "start": 1776.38, "end": 1784.325 }, { "text": "You know, it's it's purple.", "start": 1784.325, "end": 1785.1516 }, { "text": "It's whatever.", "start": 1785.1516, "end": 1785.365 } ], "start": 1770.54, "end": 1785.365, "num_words": 56.0, "speaker": 0 }, { "sentences": [ { "text": "Whereas if you're all having the same amount, it gears the sort of system towards the truth because you don't have the influence of capital there.", "start": 1787.6849, "end": 1797.5449 }, { "text": "Yes.", "start": 1798.325, "end": 1798.645 }, { "text": "Exactly.", "start": 1798.645, "end": 1799.145 }, { "text": "Exactly.", "start": 1799.205, "end": 1799.705 } ], "start": 1787.6849, "end": 1799.705, "num_words": 29.0, "speaker": 0 }, { "sentences": [ { "text": "Right.", "start": 1800.0701, "end": 1800.39 }, { "text": "And so, like, a broad overview of use cases that Idina offers, are, like, things like democratic governance, which ElTraveller just touched on.", "start": 1800.39, "end": 1811.4501 }, { "text": "You know, universal basic income is another use case, an attention economy with decentralized ads is another use case.", "start": 1812.705, "end": 1821.125 }, { "text": "Just to touch on the democratic governance real quick, I I assume that most people listening to this podcast have had some Internet interaction with social media in the past.", "start": 1821.745, "end": 1833.92 }, { "text": "And everyone knows that on social media websites like Twitter, there's polls.", "start": 1834.46, "end": 1840.385 } ], "start": 1800.0701, "end": 1840.385, "num_words": 85.0, "speaker": 2 }, { "sentences": [ { "text": "Right?", "start": 1840.385, "end": 1840.785 }, { "text": "And maybe maybe you wanna get an idea of what people's opinion is on a certain subject or or what their favorite color is, or things like this.", "start": 1840.785, "end": 1852.085 }, { "text": "But in today's current environment with bots and AI and platforms that aren't civil resistant, these polls can be skewed, right, in the favor of bad actors.", "start": 1852.3049, "end": 1867.72 }, { "text": "And what that means is people can skew these polls by using, like, large, large, amounts of bots.", "start": 1868.1, "end": 1876.675 }, { "text": "Like, for example, if if my favorite color is blue, I could just go and create 1,000,000 Twitter accounts that vote on this poll that says their favorite color is blue.", "start": 1877.135, "end": 1889.7799 } ], "start": 1840.385, "end": 1889.7799, "num_words": 105.0, "speaker": 2 }, { "sentences": [ { "text": "And, obviously, that skews the poll.", "start": 1890.0, "end": 1892.1599 }, { "text": "So we we don't have a true democratic governance system to where everyone, has one person, one vote.", "start": 1892.1599, "end": 1901.655 }, { "text": "And it's really cool because Idina, this isn't just an idea anymore.", "start": 1902.115, "end": 1906.615 }, { "text": "This is actually happening.", "start": 1906.755, "end": 1908.535 }, { "text": "I actually personally ran a poll asking what what people's favorite color is.", "start": 1909.3151, "end": 1914.94 } ], "start": 1890.0, "end": 1914.94, "num_words": 53.0, "speaker": 2 }, { "sentences": [ { "text": "And and I got true results from real people with one vote, which is almost unheard of in in most of our democratic systems.", "start": 1915.32, "end": 1926.975 }, { "text": "So that's one use case that I'm most excited about.", "start": 1926.975, "end": 1929.795 } ], "start": 1915.32, "end": 1929.795, "num_words": 34.0, "speaker": 2 }, { "sentences": [ { "text": "Right.", "start": 1930.815, "end": 1930.975 }, { "text": "I think that's this is like it's because you have the the thing where, Bitcoin was made to where, okay, we're gonna have a money system without a central entity to sort of handle money and, you know, whether or not they achieve that is something else.", "start": 1930.975, "end": 1945.94 }, { "text": "But I think what this is sort of asking us is can we have digital democracy?", "start": 1946.08, "end": 1951.46 }, { "text": "Can we have a voting system in which we don't need a centralized entity to handle it.", "start": 1951.76, "end": 1956.665 }, { "text": "I mean, right now, we have, of course, like, if you take the example of, like, US elections.", "start": 1956.665, "end": 1961.345 } ], "start": 1930.815, "end": 1961.345, "num_words": 99.0, "speaker": 0 }, { "sentences": [ { "text": "I mean, the state provides an identity, a card that says, like, you're a human, you're American, whatever, and you can go vote.", "start": 1961.345, "end": 1969.525 }, { "text": "And you have one vote.", "start": 1970.07, "end": 1971.2899 }, { "text": "Of course, like, Republicans will say, you know, bullshit.", "start": 1971.99, "end": 1974.63 }, { "text": "Like, you know, illegals are voting a 100,000,000 times or something like that, which is obviously not happening.", "start": 1974.63, "end": 1979.45 }, { "text": "But even if it was happening, even if it was, like, oh, someone voted twice, which people have, like, gone to jail for ridiculously, that that that's not, like, nearly, like, system like, systemically broken enough to to make it to where it's it's not a good system at all, which I think identity identity is, like, sort of similar in that, like, for the most part, every like, 99% of people are just going to have one identity.", "start": 1979.59, "end": 2004.87 } ], "start": 1961.345, "end": 2004.87, "num_words": 134.0, "speaker": 0 }, { "sentences": [ { "text": "Of course, those couple of people who are, like, really trying to play this play the system maybe can get away with, like, two or three, but they're not going to completely change the election, results.", "start": 2005.25, "end": 2015.875 }, { "text": "Whereas, if you look at, for example, all of these different token governance, models that are being used in different DeFi protocols, you see all the time where, like, you have a vote, you know, what what's what's going to happen, you know, everyone thinks that it's going one way and then the very last second, some venture capital firm that has, like, you know, 12% of their tokens or whatever dumps it at the very last minute changing the result of the proposal.", "start": 2016.335, "end": 2041.1349 }, { "text": "So, like, yeah, there's there's a lot of, like, really interesting implications that especially around digital democracy that I think are are really interesting.", "start": 2041.755, "end": 2048.415 }, { "text": "Hey, everyone.", "start": 2049.8499, "end": 2050.57 }, { "text": "If you're enjoying this episode so far, be sure to subscribe, leave a review, share with a friend, and join the crypto leftist communities on Discord or Reddit, which you can find links to in the show notes.", "start": 2050.57, "end": 2059.69 } ], "start": 2005.25, "end": 2059.69, "num_words": 184.0, "speaker": 0 }, { "sentences": [ { "text": "If you're enjoying the interview or find the content I make important, you can pitch into my efforts starting at $3 a month on patreon.com/theblockchainsocialist to help me out and join the newest patrons like Jay Rigo, Ian, Michael Zargam, and Zarena.", "start": 2059.69, "end": 2073.615 }, { "text": "Contributing to the Patreon really helps since making this stuff isn't free in terms of money or time.", "start": 2073.9949, "end": 2079.08 }, { "text": "And as a Patreon, you'll get a shout out on an episode like I just did and access to bonus content, like Q and A episodes where you can submit and vote on questions you'd like me to answer, and it'll give my thoughts in roughly twenty minutes.", "start": 2079.08, "end": 2090.3801 }, { "text": "In the next bonus episode, I'm gonna be covering my review of the Decentralized Society paper that was published by Vitalik Buterin and Glenn Weil, so be on the lookout for that.", "start": 2090.6948, "end": 2101.835 }, { "text": "Of course, I'll still be making free contents like this interview to help spread the message that blockchain doesn't need to be used to further entrench capitalist exploitation if we put our efforts into it, and so if that message resonates with you I hope you'll consider helping out.", "start": 2101.9749, "end": 2113.79 } ], "start": 2059.69, "end": 2113.79, "num_words": 189.0, "speaker": 0 }, { "sentences": [ { "text": "Yeah, I think it'd be interesting, if you want to explain maybe as well now, like, the the quadratic staking stuff as well since, you know, Idina is, if I understand, integrated with with Gitcoin.", "start": 2115.53, "end": 2126.125 }, { "text": "So and Gitcoin uses quadratic funding in which, you know, based on sort of as a way to reduce the the power of capital.", "start": 2126.2651, "end": 2133.5999 }, { "text": "But I know you wanted to explain quadratic staking.", "start": 2133.5999, "end": 2136.42 } ], "start": 2115.53, "end": 2136.42, "num_words": 68.0, "speaker": 0 }, { "sentences": [ { "text": "So, since the last hard fork, Idina, well, first of all, I would like to mention how the hard work hard fork happens in IDNA network.", "start": 2136.96, "end": 2152.2551 }, { "text": "So if you have your node, which is installed and run, and", "start": 2152.635, "end": 2159.0098 } ], "start": 2136.96, "end": 2159.0098, "num_words": 38.0, "speaker": 1 }, { "sentences": [ { "text": "On your computer?", "start": 2159.15, "end": 2160.0298 } ], "start": 2159.15, "end": 2160.0298, "num_words": 3.0, "speaker": 0 }, { "sentences": [ { "text": "Yes.", "start": 2160.0298, "end": 2160.2698 }, { "text": "On your on your computer, it could be a Linux or Windows or MacOS.", "start": 2160.2698, "end": 2164.8499 } ], "start": 2160.0298, "end": 2164.8499, "num_words": 15.0, "speaker": 1 }, { "sentences": [ { "text": "Does it need to be online?", "start": 2165.63, "end": 2166.8499 } ], "start": 2165.63, "end": 2166.8499, "num_words": 6.0, "speaker": 0 }, { "sentences": [ { "text": "Yeah.", "start": 2167.23, "end": 2167.47 }, { "text": "It has to be online.", "start": 2167.47, "end": 2168.69 }, { "text": "Online all time.", "start": 2168.91, "end": 2170.21 }, { "text": "Only people who run their independent node can vote for the fork.", "start": 2170.67, "end": 2177.515 }, { "text": "And you're void voting for the fork when you are installing the the the latest version that support the changes that are gonna be integrated into the future hard hard fork.", "start": 2177.975, "end": 2194.3198 } ], "start": 2167.23, "end": 2194.3198, "num_words": 52.0, "speaker": 1 }, { "sentences": [ { "text": "So they are putting the dates of the of the, election for the new hard fork, And it depends of how many people installed the new version of the node, depends on that, there is gonna be a solution if the hard fork gonna be integrated or not.", "start": 2194.6199, "end": 2218.42 }, { "text": "So people who are against of the hard fork, they supposed to keep the old version of the node.", "start": 2218.56, "end": 2225.78 }, { "text": "And people who wants to integrate the hard fork, they have to upgrade the version of their, node that they are running on the system.", "start": 2226.08, "end": 2237.245 }, { "text": "So because of the last elections that happened in the in the in the last part of the May, we are getting into the new hard fork.", "start": 2237.945, "end": 2248.39 }, { "text": "And in new hard fork, they changed the mechanic because before, you were getting rewards based on the age of your identity.", "start": 2248.39, "end": 2258.985 } ], "start": 2194.6199, "end": 2258.985, "num_words": 141.0, "speaker": 1 }, { "sentences": [ { "text": "For example, the older your identity, the more rewards validation rewards you're getting.", "start": 2259.365, "end": 2265.7852 }, { "text": "They they have changed that that mechanic.", "start": 2266.245, "end": 2268.905 }, { "text": "Why?", "start": 2269.205, "end": 2269.705 }, { "text": "Because just imagine, I came into the network two years ago, and you came to the network just now.", "start": 2269.845, "end": 2278.03 }, { "text": "And there is a discrimination because I'm gonna get more and you're gonna get less just because you get to know about the about the idea, way lay the way later than me.", "start": 2278.09, "end": 2291.395 } ], "start": 2259.365, "end": 2291.395, "num_words": 73.0, "speaker": 1 }, { "sentences": [ { "text": "So they changed that mechanics into mechanic when you are investing your coins into the stake.", "start": 2291.855, "end": 2301.24 }, { "text": "And then we are getting the whole pie of the whole stake in the whole network.", "start": 2302.02, "end": 2307.8801 }, { "text": "And then depends on what part of that pie is yours, depends on that, you're gonna get a reward for the validation, which is very smart because more you're investing, more you're getting from the block chain.", "start": 2308.1948, "end": 2322.45 }, { "text": "But there is another problem.", "start": 2322.45, "end": 2324.07 }, { "text": "There are people who has huge amount of IDNA tokens.", "start": 2324.69, "end": 2329.75 } ], "start": 2291.855, "end": 2329.75, "num_words": 84.0, "speaker": 1 }, { "sentences": [ { "text": "So based on that, they're supposed to get more than people who are have just a few tokens.", "start": 2330.21, "end": 2336.07 }, { "text": "So how they solve that problem?", "start": 2336.345, "end": 2338.125 }, { "text": "There is, there is a parameter.", "start": 2338.6648, "end": 2342.525 }, { "text": "First of all, they created a stake calculator, which helps you to calculate your incomes.", "start": 2343.1448, "end": 2349.6448 }, { "text": "It is available on the on the on the main page, which is idina.io.", "start": 2349.98, "end": 2355.52 } ], "start": 2330.21, "end": 2355.52, "num_words": 59.0, "speaker": 1 }, { "sentences": [ { "text": "But how they are balancing between a huge amount of of people who has a big stake and people who has a small stake.", "start": 2356.14, "end": 2365.5999 }, { "text": "So then more you are investing, then less percentage you are getting.", "start": 2365.985, "end": 2372.645 }, { "text": "So you're not gonna have the same annual earnings annual earnings per year, with the small stake and with the big stake.", "start": 2373.105, "end": 2384.8801 }, { "text": "So more you're investing, less percentage you're getting.", "start": 2384.8801, "end": 2388.5 }, { "text": "And we are solving many problems.", "start": 2388.96, "end": 2390.82 } ], "start": 2356.14, "end": 2390.82, "num_words": 72.0, "speaker": 1 }, { "sentences": [ { "text": "First of all, people let's talk about farmers.", "start": 2390.96, "end": 2394.635 }, { "text": "Right?", "start": 2394.635, "end": 2395.135 }, { "text": "Like, before, farmers, they put all of the amount of money that they have just on one identity, and they were keeping it.", "start": 2395.355, "end": 2403.275 }, { "text": "It was like a holder identity.", "start": 2403.275, "end": 2404.815 }, { "text": "Now they cannot do it anymore.", "start": 2405.2898, "end": 2406.97 } ], "start": 2390.96, "end": 2406.97, "num_words": 44.0, "speaker": 1 }, { "sentences": [ { "text": "They have to spread all of that coins that they have between many identities if they want to continue their their farming business.", "start": 2406.97, "end": 2416.19 }, { "text": "But there is one more thing.", "start": 2417.13, "end": 2418.915 }, { "text": "Because in that hard fork, they integrate, they integrate the staking.", "start": 2419.155, "end": 2424.855 }, { "text": "There is a chance that you can lost the stake, and there are some rules.", "start": 2425.155, "end": 2430.295 }, { "text": "First of all, only human on the identity with the human status can have 100% of the state protection.", "start": 2430.595, "end": 2439.5698 } ], "start": 2406.97, "end": 2439.5698, "num_words": 74.0, "speaker": 1 }, { "sentences": [ { "text": "Another identity is if you are fail the validation.", "start": 2440.75, "end": 2445.25 }, { "text": "What does it mean fail?", "start": 2445.3098, "end": 2446.77 }, { "text": "Fail means you are participated, but the results of your validation was very, very low.", "start": 2447.085, "end": 2454.705 }, { "text": "So if you are failing, you are losing your stake completely, like, 100%.", "start": 2455.4849, "end": 2460.385 }, { "text": "So there is one more problem for farmers.", "start": 2460.76, "end": 2463.02 } ], "start": 2440.75, "end": 2463.02, "num_words": 50.0, "speaker": 1 }, { "sentences": [ { "text": "They can they have also checked the quality of people, how they supposed to pass the test, and they would prefer to keep their identities where they're gonna spread their stake only to identities with a human status.", "start": 2463.24, "end": 2477.405 }, { "text": "So we with that hard fork, we are completely changing the game.", "start": 2477.705, "end": 2482.8452 }, { "text": "Now the farmers, they're supposed to care about the quality of their identities and about the quality of the people who gonna pass the validation because they supposed to do it in a very high level.", "start": 2483.0652, "end": 2495.5498 }, { "text": "And this is very, very important about the quadratic staking.", "start": 2496.0898, "end": 2499.6099 }, { "text": "So now because since the hard work has been integrated, the whole amount of the stake, it it is it was doubled.", "start": 2499.6099, "end": 2510.055 } ], "start": 2463.24, "end": 2510.055, "num_words": 118.0, "speaker": 1 }, { "sentences": [ { "text": "So now we have 100% more coins that are saved and in in in in staking.", "start": 2510.435, "end": 2517.335 }, { "text": "Yes.", "start": 2517.69, "end": 2518.19 } ], "start": 2510.435, "end": 2518.19, "num_words": 17.0, "speaker": 1 }, { "sentences": [ { "text": "So, like, this this gets at the critique as well.", "start": 2518.49, "end": 2520.57 }, { "text": "I think that a lot of critics will say about cryptocurrencies that it incentivizes the the first the first arrivers, basically.", "start": 2520.57, "end": 2528.27 }, { "text": "And for the most part, almost every other cryptocurrency is basically that way.", "start": 2529.05, "end": 2533.595 }, { "text": "Partially, I think, because of, I mean, just the way a market works generally, but also I think it's sort of exacerbated with kind of, like, this this sort of obsession with deflationary economics, I think, as well sort of exacerbates the issue.", "start": 2533.655, "end": 2547.1099 }, { "text": "But yeah.", "start": 2547.49, "end": 2547.89 } ], "start": 2518.49, "end": 2547.89, "num_words": 89.0, "speaker": 0 }, { "sentences": [ { "text": "So this using the quadratic function, I think it probably doesn't solve it completely to where now that we have perfect equality, but it definitely dampens the amount of inequality, over time, I think, which is interesting.", "start": 2547.89, "end": 2561.645 } ], "start": 2547.89, "end": 2561.645, "num_words": 37.0, "speaker": 0 }, { "sentences": [ { "text": "And I would say one more thing.", "start": 2561.645, "end": 2563.425 }, { "text": "Yes.", "start": 2563.965, "end": 2564.465 }, { "text": "During the the whole history of the Idina network, there are some huge farms, but only that huge farm can continue their business.", "start": 2564.5251, "end": 2575.93 }, { "text": "The small farms, all of them are disappeared because it is very hard to get into that business since now.", "start": 2576.23, "end": 2583.13 }, { "text": "Because first of all, you have to find people, then you have to train them, then you have to care about the stake.", "start": 2583.35, "end": 2589.2048 } ], "start": 2561.645, "end": 2589.2048, "num_words": 74.0, "speaker": 1 }, { "sentences": [ { "text": "There are many, many complications.", "start": 2589.2048, "end": 2590.6648 }, { "text": "So now that now it is like people just imagine you're looking for a way to create a farm, and you start to think how many things you need to care.", "start": 2591.2048, "end": 2600.56 }, { "text": "And the benefits that you're getting out of that, they are not so I mean, yes.", "start": 2600.62, "end": 2605.26 }, { "text": "Of course.", "start": 2605.26, "end": 2605.82 }, { "text": "If you have thousands of people, you could earn money, not big money, but money.", "start": 2605.82, "end": 2610.86 } ], "start": 2589.2048, "end": 2610.86, "num_words": 69.0, "speaker": 1 }, { "sentences": [ { "text": "Yes.", "start": 2610.86, "end": 2611.36 }, { "text": "But if you're we are talking about 10 or 20 people.", "start": 2611.7048, "end": 2615.145 }, { "text": "It doesn't make sense to create farm.", "start": 2615.145, "end": 2617.325 }, { "text": "So that's how the quadratic state protect the blockchain out of farmers.", "start": 2617.4648, "end": 2622.2048 } ], "start": 2610.86, "end": 2622.2048, "num_words": 31.0, "speaker": 1 }, { "sentences": [ { "text": "So there there is a large farm, at the moment that is still working?", "start": 2623.305, "end": 2627.0 } ], "start": 2623.305, "end": 2627.0, "num_words": 14.0, "speaker": 0 }, { "sentences": [ { "text": "There are there is.", "start": 2627.06, "end": 2628.26 }, { "text": "Yes.", "start": 2628.26, "end": 2628.74 }, { "text": "But just a few.", "start": 2628.74, "end": 2630.6602 }, { "text": "And, they they they exist because of the lack in the past.", "start": 2630.6602, "end": 2636.34 }, { "text": "But now the blockchain doing the best to make that business very, very hard.", "start": 2636.34, "end": 2641.245 } ], "start": 2627.06, "end": 2641.245, "num_words": 35.0, "speaker": 1 }, { "sentences": [ { "text": "Right.", "start": 2641.965, "end": 2642.3652 }, { "text": "Over time, I think now it seems that there is just a higher likelihood over time that the farm will not be able to sustain its its business.", "start": 2642.3652, "end": 2653.645 }, { "text": "And that's something that is, like, I don't know, maybe, like, fun drama to watch, but also, like, like, democratically, it makes more sense.", "start": 2653.645, "end": 2662.3499 } ], "start": 2641.965, "end": 2662.3499, "num_words": 53.0, "speaker": 0 }, { "sentences": [ { "text": "Yeah.", "start": 2663.29, "end": 2663.53 }, { "text": "There is one more thing.", "start": 2663.53, "end": 2664.75 }, { "text": "It's very important because the idea now adding the watermark into the flips, So people who are tired to work in the farm, they are getting into the blockchain.", "start": 2664.81, "end": 2675.075 }, { "text": "So farmers doing promotion work for the blockchain, and many people who came into the idea, they actually came from farmers because they're doing a lot of job.", "start": 2675.535, "end": 2685.89 }, { "text": "They're promoting.", "start": 2685.89, "end": 2686.69 } ], "start": 2663.29, "end": 2686.69, "num_words": 65.0, "speaker": 1 }, { "sentences": [ { "text": "They're looking for a people.", "start": 2686.69, "end": 2687.8098 }, { "text": "They put in announcement.", "start": 2687.8098, "end": 2689.1099 }, { "text": "Yes.", "start": 2689.65, "end": 2689.89 }, { "text": "Of course, they are not talking that this is IDINA, but people can see and smart people gonna leave the farms, and then they're gonna be a part of the IDENA network.", "start": 2689.89, "end": 2699.085 }, { "text": "And this is wonderful.", "start": 2699.085, "end": 2700.145 } ], "start": 2686.69, "end": 2700.145, "num_words": 46.0, "speaker": 1 }, { "sentences": [ { "text": "So farms, in a democratical way, they are doing their job.", "start": 2700.445, "end": 2705.085 }, { "text": "They are promoting IDENA.", "start": 2705.085, "end": 2706.465 } ], "start": 2700.445, "end": 2706.465, "num_words": 15.0, "speaker": 1 }, { "sentences": [ { "text": "Yeah.", "start": 2708.205, "end": 2708.445 }, { "text": "And it it's interesting because IDENA as a network over time actually, a broad goal is to reward the individual person.", "start": 2708.445, "end": 2717.3901 }, { "text": "Right?", "start": 2717.4502, "end": 2717.77 }, { "text": "So that's why we're seeing kinda like this disbanding of some of the largest farms.", "start": 2717.77, "end": 2723.2302 }, { "text": "People are realizing, hey.", "start": 2723.735, "end": 2725.2551 } ], "start": 2708.205, "end": 2725.2551, "num_words": 42.0, "speaker": 2 }, { "sentences": [ { "text": "I don't need a farm.", "start": 2725.2551, "end": 2726.375 }, { "text": "Hey.", "start": 2726.375, "end": 2726.615 }, { "text": "I don't need a massive organization to participate in this network.", "start": 2726.615, "end": 2731.035 }, { "text": "Basically, you can now participate in Idina from your web browser, which is pretty amazing.", "start": 2732.215, "end": 2737.595 }, { "text": "And if you wanna operate a full node on other blockchains for the for the layman person like myself, forget about it.", "start": 2738.51, "end": 2747.3298 } ], "start": 2725.2551, "end": 2747.3298, "num_words": 54.0, "speaker": 2 }, { "sentences": [ { "text": "Like, forget about setting up a full Bitcoin node or an Ethereum node.", "start": 2747.39, "end": 2751.31 }, { "text": "It it's just too technically intense.", "start": 2751.31, "end": 2754.235 }, { "text": "Well, while on Idina, if you can download a web browser like Google Chrome onto your computer, a simple application, install it, and then participate, that's essentially what you can do with IDINA.", "start": 2755.095, "end": 2768.9402 }, { "text": "So I've seen some of my friends who have never participated with any other blockchain network basically, download the IDINA node on their computer, participate in the validation ceremony, and become a part of the Idina network.", "start": 2769.0, "end": 2786.685 }, { "text": "So it's really cool to see it's happening, like, on a personal level with me and my friends, but I'm also seeing it globally where these massive farms that used used to have a big hold on people.", "start": 2786.685, "end": 2799.63 } ], "start": 2747.39, "end": 2799.63, "num_words": 127.0, "speaker": 2 }, { "sentences": [ { "text": "Now those people are breaking out of these farms and just operating by themselves.", "start": 2800.3298, "end": 2805.3098 }, { "text": "So it's cool to see.", "start": 2805.3699, "end": 2806.5898 } ], "start": 2800.3298, "end": 2806.5898, "num_words": 19.0, "speaker": 2 }, { "sentences": [ { "text": "Interesting dynamics.", "start": 2807.13, "end": 2808.0298 }, { "text": "It's I think, yeah, for the cynic, I think it's easy to look at the farms and say, like, see, it can't work.", "start": 2808.0898, "end": 2816.465 }, { "text": "It can't happen because you have these issues.", "start": 2816.465, "end": 2818.565 }, { "text": "Whereas I think what is actually interesting is the fact that they're honest about the issues and that's, it looks like to me that there has been progress at least in in in decreasing the severity of those issues.", "start": 2818.7852, "end": 2834.2898 }, { "text": "So I think sometimes, you know, I kind of say, like, don't don't let perfect get in the way of of good enough.", "start": 2834.3499, "end": 2839.965 } ], "start": 2807.13, "end": 2839.965, "num_words": 95.0, "speaker": 0 }, { "sentences": [ { "text": "And so, like, thinking in this more, in my opinion, it looks like kind of cybernetic way of where you're trying to contain a system in a particular direction knowing that you have certain that there are uncertainties, is, like, interesting to see.", "start": 2841.705, "end": 2854.9802 } ], "start": 2841.705, "end": 2854.9802, "num_words": 43.0, "speaker": 0 }, { "sentences": [ { "text": "Yeah.", "start": 2854.9802, "end": 2855.2202 }, { "text": "And and one cool thing to touch on that point is I think something really unique to the Idina community is, both the core team and the community itself.", "start": 2855.2202, "end": 2867.08 }, { "text": "We have these discussions about new concepts or or maybe implementing a hard fork.", "start": 2867.9348, "end": 2873.635 }, { "text": "And and we get the idea as close to possible as perfect.", "start": 2873.6948, "end": 2878.895 }, { "text": "But like you said, don't let perfect get in the way of great.", "start": 2878.895, "end": 2882.25 } ], "start": 2854.9802, "end": 2882.25, "num_words": 69.0, "speaker": 2 }, { "sentences": [ { "text": "So we we have conversations.", "start": 2882.25, "end": 2884.75 }, { "text": "We discuss.", "start": 2885.29, "end": 2886.11 }, { "text": "We see what are the pros.", "start": 2886.25, "end": 2887.61 }, { "text": "What are the cons?", "start": 2887.61, "end": 2888.6702 }, { "text": "You know, you have two different sides and they debate, and and we get this this huge debate going, and we get the the idea as close to possible as a final product that's perfect.", "start": 2888.97, "end": 2901.825 } ], "start": 2882.25, "end": 2901.825, "num_words": 52.0, "speaker": 2 }, { "sentences": [ { "text": "But, of course, you can always get it there.", "start": 2901.825, "end": 2904.385 }, { "text": "Right?", "start": 2904.385, "end": 2904.625 }, { "text": "You might get it to 99% or 98%.", "start": 2904.625, "end": 2908.625 }, { "text": "But instead, as l traveler mentioned earlier with these hard forks, we get that idea very close.", "start": 2908.625, "end": 2916.89 }, { "text": "And then to implement it, we we have a system in place to where you can actually vote with your node, whether to implement that hard fork.", "start": 2916.95, "end": 2926.735 } ], "start": 2901.825, "end": 2926.735, "num_words": 62.0, "speaker": 2 }, { "sentences": [ { "text": "And and we've actually already had a few hard forks in the past that were successfully implemented, and that is all based on community governance.", "start": 2926.735, "end": 2936.115 } ], "start": 2926.735, "end": 2936.115, "num_words": 25.0, "speaker": 2 }, { "sentences": [ { "text": "And and anyone anyone can create and promote their ideas.", "start": 2939.24, "end": 2945.02 }, { "text": "And then first stage, you create an idea, and you have to write, this idea into, like, somewhere.", "start": 2945.64, "end": 2954.655 }, { "text": "It could be a public platform, or you even can save your notes into the black blockchain because there is a system which is called IPFS.", "start": 2955.035, "end": 2964.21 }, { "text": "It's like a file system that are integrated inside the blockchain, and you can publish, like, a simple web pages there.", "start": 2964.51, "end": 2971.57 }, { "text": "And then you are creating an oracle.", "start": 2972.19, "end": 2975.6501 } ], "start": 2939.24, "end": 2975.6501, "num_words": 82.0, "speaker": 1 }, { "sentences": [ { "text": "And then if the majority of people gonna vote for you, then in the next stage, you can go into the there is a on the on the website, which is docs.idina.io, there is a part which is called I I p s.", "start": 2976.385, "end": 2994.12 }, { "text": "It's like ideas to improve idina.", "start": 2994.12, "end": 2996.22 }, { "text": "And then your idea gonna be integrated there.", "start": 2996.9202, "end": 3001.5 }, { "text": "And then there is a mechanism of the smart contracts.", "start": 3001.825, "end": 3004.725 }, { "text": "So and with that mechanism, the blockchain gonna pay you part by parts, depends of the of the in which stage you your ideas integrated.", "start": 3005.2651, "end": 3018.02 } ], "start": 2976.385, "end": 3018.02, "num_words": 92.0, "speaker": 1 }, { "sentences": [ { "text": "So it's like if the people if the majority of people choose you, you are responsible to make an integration of your idea into IDINA blockchain.", "start": 3018.56, "end": 3028.34 }, { "text": "That's how that smart ideas came about the quadratic stake and so on.", "start": 3028.6401, "end": 3034.145 }, { "text": "And because of the group discussion, because of the votes, and this is incredible.", "start": 3034.145, "end": 3039.445 }, { "text": "That's this is really shows how people could really improve the mechanic and how the, how the IDINA blockchain governance can manage the evolution of the system.", "start": 3039.5852, "end": 3054.41 } ], "start": 3018.56, "end": 3054.41, "num_words": 80.0, "speaker": 1 }, { "sentences": [ { "text": "I see.", "start": 3054.615, "end": 3054.855 }, { "text": "It's really interesting.", "start": 3054.855, "end": 3055.655 }, { "text": "So, like, you can you can build in systems of accountability to where, for one, you can be recognized as a person who maybe thought of an idea, and then people can hold you accountable if you say you're going to do that idea to actually make it with so, like, you have the I don't know, you can you can you can stay as anonymous as you want while also still having accountability.", "start": 3055.655, "end": 3077.19 } ], "start": 3054.615, "end": 3077.19, "num_words": 79.0, "speaker": 0 }, { "sentences": [ { "text": "I would like to mention one more thing.", "start": 3078.1301, "end": 3079.99 }, { "text": "It's just about the idea.", "start": 3080.29, "end": 3081.57 }, { "text": "So we didn't touch much the idea of the decentralized advertisement.", "start": 3081.57, "end": 3086.275 }, { "text": "But this is very important.", "start": 3086.9749, "end": 3088.175 }, { "text": "It's like a new thing that, community that IDINA engineers that are integrated.", "start": 3088.175, "end": 3095.155 } ], "start": 3078.1301, "end": 3095.155, "num_words": 42.0, "speaker": 1 }, { "sentences": [ { "text": "And the interesting part of that is that there is no motivation for people to click on advertisement, or there is nobody who are paying to watch the advertisement because this is a big problem of the marketing now because people can, there are some organizations that are making business out of paying for someone to watch ads or out of, people who are clicking on ads.", "start": 3096.27, "end": 3126.415 }, { "text": "So I did not solve that completely.", "start": 3126.75, "end": 3129.01 }, { "text": "How?", "start": 3129.07, "end": 3129.57 }, { "text": "They have created first of all, they they call it decentralized advertisement mechanism.", "start": 3129.95, "end": 3137.89 }, { "text": "And if he wants to promote something, first of all, you have to pass the moderation process.", "start": 3139.15, "end": 3146.0151 } ], "start": 3096.27, "end": 3146.0151, "num_words": 105.0, "speaker": 1 }, { "sentences": [ { "text": "And who is gonna be the moderators?", "start": 3146.715, "end": 3148.415 }, { "text": "The moderator is gonna be members of the network.", "start": 3148.5552, "end": 3151.135 }, { "text": "So you're creating an ad, then you're sending an ad into the blockchain, then the blockchain choosing randomly the com the the committee that's gonna do the moderation.", "start": 3151.195, "end": 3163.59 }, { "text": "And then the majority of moderators, if they approve the ads, never mind if they approve the ads or if they decline the ads, they're gonna get rewarded, the majority of the moderators who who choose the decision.", "start": 3164.29, "end": 3180.4148 }, { "text": "So and if your ads is passing the moderation, then you have to burn coins to catch attention of people.", "start": 3181.275, "end": 3190.0198 } ], "start": 3146.715, "end": 3190.0198, "num_words": 102.0, "speaker": 1 }, { "sentences": [ { "text": "So nobody earning money.", "start": 3190.4, "end": 3191.94 }, { "text": "You have to burn coins to show your ad.", "start": 3192.4, "end": 3196.605 }, { "text": "And this is incredible.", "start": 3196.685, "end": 3197.585 }, { "text": "That's how we are protecting ourselves from the inflation mechanism because we are burning coins.", "start": 3197.725, "end": 3203.505 }, { "text": "And then there are there are, like, people it's it's like how we're making a circulation of the coins inside the the network.", "start": 3203.565, "end": 3210.705 } ], "start": 3190.4, "end": 3210.705, "num_words": 55.0, "speaker": 1 }, { "sentences": [ { "text": "Right.", "start": 3211.52, "end": 3211.92 }, { "text": "Yeah.", "start": 3211.92, "end": 3212.16 }, { "text": "It's, we were talking about this earlier, but it's like someone who wants to create an advertisement that will show on the Idina platform will have to burn their tokens.", "start": 3212.16, "end": 3222.9 }, { "text": "And the more that they burn, the more likely it is that their advertisements will be shown.", "start": 3223.28, "end": 3229.165 }, { "text": "And because it's burnt, everyone who is a part of the Idena ecosystem, theoretically, would benefit from that because the the spoils due to the burning would sort of, like, be evenly split amongst everyone rather than, like, Google or whoever else Facebook sort of earning all of the revenue from, you know, someone wanting to to push ads.", "start": 3230.0251, "end": 3254.66 } ], "start": 3211.52, "end": 3254.66, "num_words": 108.0, "speaker": 0 }, { "sentences": [ { "text": "And there's no, like, what was it, like, you know, like payments per click or pay per click or something like that involved either.", "start": 3255.2751, "end": 3262.095 }, { "text": "Yeah.", "start": 3262.475, "end": 3262.7952 }, { "text": "Thank you guys so much for coming on and for, explaining Idina to us.", "start": 3262.7952, "end": 3267.355 }, { "text": "It's been really awesome to hear.", "start": 3267.355, "end": 3269.215 }, { "text": "Yeah.", "start": 3270.24, "end": 3270.4 } ], "start": 3255.2751, "end": 3270.4, "num_words": 46.0, "speaker": 0 }, { "sentences": [ { "text": "This is this is, like, so much different than, like, usually I get someone who's, like, the engineer of the of of the project or, like, a manager of the project or something like that, but you guys are, like, community members, which is, like, pretty different.", "start": 3270.4, "end": 3280.5 }, { "text": "But, yeah, you guys maybe just to end it off, if you want to share, share your plugs, where can people find you, where can people follow you, and any last words?", "start": 3281.36, "end": 3288.915 } ], "start": 3270.4, "end": 3288.915, "num_words": 79.0, "speaker": 0 }, { "sentences": [ { "text": "So I have a YouTube channel, the YouTube channel called Cryptorato, but, the main subject of my channel is Idina.", "start": 3289.375, "end": 3297.235 }, { "text": "I'm talking about, like, the basics of IDINA, also about some technical knowledges.", "start": 3299.2002, "end": 3304.6602 }, { "text": "And, also, on GitHub, I'm developing this script, which is called IDINA runner that helps to run Idina node in in a Linux system because many people, they don't have enough of knowledge.", "start": 3305.6, "end": 3319.835 }, { "text": "But most of the servers that you're gonna rent to build your own node are gonna be on Linux because it's cheaper in comparing to the Windows Server.", "start": 3320.055, "end": 3331.52 }, { "text": "So many people prefer to rent a VPS using a Linux system.", "start": 3331.9, "end": 3336.14 } ], "start": 3289.375, "end": 3336.14, "num_words": 106.0, "speaker": 1 }, { "sentences": [ { "text": "So with my script, you can run it just with the one comment, and then you can run completely, fully node.", "start": 3336.14, "end": 3345.355 }, { "text": "So and, yeah.", "start": 3346.055, "end": 3348.535 }, { "text": "Like, that's how I feel, like, my way to, to serve for for the community.", "start": 3348.535, "end": 3355.835 } ], "start": 3336.14, "end": 3355.835, "num_words": 39.0, "speaker": 1 }, { "sentences": [ { "text": "Yeah.", "start": 3357.39, "end": 3357.7898 }, { "text": "So my closing thoughts, first of all, I wanna just thank you for having us on here and kinda giving a perspective into Idina and huge, huge, huge shout out, to all of the rest of the Idina community.", "start": 3358.1099, "end": 3371.5698 }, { "text": "You know, we're present on Discord, Telegram, other social channels, Twitter, etcetera.", "start": 3372.395, "end": 3378.135 }, { "text": "But it truly is a global community.", "start": 3379.395, "end": 3381.415 }, { "text": "There's obviously an opportunity for more technical people that really wanna dive into the tech, but also just anybody who wants to get started with blockchain technology or web three.", "start": 3382.2751, "end": 3395.6 } ], "start": 3357.39, "end": 3395.6, "num_words": 89.0, "speaker": 2 }, { "sentences": [ { "text": "It's a very, very welcoming community for all ranges of that scale.", "start": 3396.3, "end": 3400.8 }, { "text": "So if you'd like to check it out, you can go to idina.io, and that's a great place to get started with the community.", "start": 3401.3152, "end": 3408.135 } ], "start": 3396.3, "end": 3408.135, "num_words": 36.0, "speaker": 2 }, { "sentences": [ { "text": "And and, also, there is one more thing.", "start": 3409.155, "end": 3411.3352 }, { "text": "Because it's we are just on the initial part, you know, and it is wonderful to be part of that system that actually represent, fair democracy without conclusion, like, where are you from?", "start": 3411.5552, "end": 3429.5051 }, { "text": "From which country?", "start": 3429.5051, "end": 3430.465 }, { "text": "What is your nationality?", "start": 3430.465, "end": 3431.685 }, { "text": "The most important part that you are a human, and you can serve for the community just because you are a human, and you can get the benefits of the community because you are a human and not because how big your stake or, what is your location and what kind of hardware do you have and so on.", "start": 3431.985, "end": 3453.41 } ], "start": 3409.155, "end": 3453.41, "num_words": 107.0, "speaker": 1 }, { "sentences": [ { "text": "And this is very important.", "start": 3453.41, "end": 3454.87 }, { "text": "And I hope that, that podcast gonna bring more people into our friendly and open mind community.", "start": 3454.93, "end": 3464.365 }, { "text": "And thank you very much.", "start": 3464.505, "end": 3465.705 }, { "text": "It was a pleasure, you know, to participate today in Taco Bell.", "start": 3465.705, "end": 3469.465 } ], "start": 3453.41, "end": 3469.465, "num_words": 39.0, "speaker": 1 }, { "sentences": [ { "text": "Yeah.", "start": 3469.465, "end": 3469.785 }, { "text": "Thank you guys a lot.", "start": 3469.785, "end": 3470.925 } ], "start": 3469.465, "end": 3470.925, "num_words": 6.0, "speaker": 0 } ] }, "entities": null, "translations": null, "topics": null } ], 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You're listening to a very, special interview", "words": [ { "word": "hi", "start": 15.875, "end": 16.115, "confidence": 0.9515829, "punctuated_word": "Hi,", "speaker": 0, "speaker_confidence": 0.2495135 }, { "word": "everyone", "start": 16.115, "end": 16.595, "confidence": 0.99624074, "punctuated_word": "everyone.", "speaker": 0, "speaker_confidence": 0.2495135 }, { "word": "you're", "start": 16.595, "end": 16.835, "confidence": 0.9978584, "punctuated_word": "You're", "speaker": 0, "speaker_confidence": 0.2495135 }, { "word": "listening", "start": 16.835, "end": 17.154999, "confidence": 0.99934334, "punctuated_word": "listening", "speaker": 0, "speaker_confidence": 0.2495135 }, { "word": "to", "start": 17.154999, "end": 17.314999, "confidence": 0.9997459, "punctuated_word": "to", "speaker": 0, "speaker_confidence": 0.2495135 }, { "word": "a", "start": 17.314999, "end": 17.395, "confidence": 0.9996848, "punctuated_word": "a", "speaker": 0, "speaker_confidence": 0.2495135 }, { "word": 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