And stuff, but then once I get to the hotel depending on the hotel sometimes I'm like these are nice products. They're coming back but the last trip was Maybe a little egregious. There was a place we were staying I think it was on our Australia trip where we came back to our room and Eileen noticed that the The rack that they used to go from room to room was was sitting where you could see the extra soaps and cosmetics and stuff So she's like oh cool. I'm gonna take a few of these, you know just because Just because right I've been from then on the rest of the trip. We're only there maybe two or three days more The thing was always turned around the other way Yep Eileen you broke it. No, it wasn't Australia. It was Las Vegas. That's what it was. Oh Tom. You broke it What Eileen broke it? Well, I think I broke me We're all a little broken any questions on the rundown Not for me Nope All your stuff. Oh, let me get these last two links in here your threat post Threat post oops that did not go the way Friday I can tell I know I know I am glad it's Friday I need the weekend to at least sleep Yeah, that's how Friday feels to me these days.  Um, it's your turn. Does your day Tom? It's 10 a.m. Tom where are your headlines both of those things have happened. It's not a true story. Yep. Oh my gosh All right, Shannon, are you ready? I'm ready Roger. Are you ready? There are you ready? Yo, estoy listo. Oh I don't want to brag but pretty good Let's just get going then Thanks to everyone who supports daily tech news show directly to find out more head to daily tech news show comm slash support This is the daily tech news for Friday, August 17th 2018 in Los Angeles. I'm Tom Merritt and from studio feline I'm Sarah Lane and from studio snubs. I'm Shannon Morse Yes, indeed also with us our producer Roger Chang. How are you sir? It's I'm good Good we're gonna get a look at what happened at Def Con Shannon What happened at Def Con? We'll ask you that in a little bit don't answer yet. Okay? I want you have like a little teaser Hotel rooms fun times. Oh stick around folks Let's start I could go multiple ways. Yeah, I know let's start with we're probably going to disappoint you, but stick around Start with a few tech things you should know Google updated its help pages to clarify what location info is still stored after users turn off location tracking We've obviously been following the story this week Previously the page said with location history off the places you go are no longer stored now It says this setting does not affect other location services on your device like Google location services and find my device Some location data may be saved as part of your activity on other services like search and maps The Chicago Tribune reports Google plans to open its first flagship retail store between 845 and 853 West Randolph Street in the Fulton Market area directly across from the new Nobu hotel The store will be two blocks away from Google's Chicago offices Well, then Google's not saying for sure, but that could be pretty cool Nvidia reported revenue from data center chips rose third. I'm sorry 80 83% last quarter net income rose 89% revenue rose 40% it beat analysts expectations all good news, right? Well, no Nvidia fell short in its expected sales of cryptocurrency related chips and Even more disappointing to investors called such sales immaterial for the second half of the year They're like crypto folks are not buying their chips from us in great numbers anymore There's a good news if you're shopping for a video card I guess as a result in video projects Q3 revenue of 3.25 billion analysts had hoped they would project 3.3 4 billion so they're a little under there a lot of Google news today Google announced It's working with Danish hearing aid maker GN hearing on the audio streaming for hearing aids spec for Android The power-efficient protocol promises high quality and low latency connectivity for Bluetooth hearing aids on Android without needing an intermediary device Resound links quattro and bell tone amaze will be the first hearing aids to receive direct streaming support in the future updates Yeah, it's becoming common. iOS has this now Android's gonna make it a whole lot easier to have it So that's really cool. All right. Let's talk about more Google Okay, we that this might be the last Google, but it's an interesting Google. Tell us Shannon More googs Nikkei has supply chain sources who tell it Google plans to launch a smart speaker with a display in Competition with the Amazon Echo show the sources say Google wants to have them ready by the holidays Google introduced its smart display platform in January with third parties like Lenovo making devices that use it So previously Lenovo did show off this Lenovo display. I believe it's called the Lenovo show I could be incorrect on that, but I did get to review it and I really actually liked it a lot Ever since I saw it at CES and finally got hands-on. It was really cool So I'm excited to see what Google is going to do in-house as well Well, Tom, you've got an Echo show and I know that If you compare the Echo show sales to the straight-up Echo there, I mean quite low actually I'm not sure it's a brand new product line. So it's hard to tell much from that when you have like Echo home and you know all these other versions of it out there that are also well established and been around for a while But but the the usefulness I get out of it has made it so it feels like a mature product category because I use it every day I have it in the kitchen. I see it when I'm making my coffee in the morning I see it when I'm washing the dishes it has some interesting stuff Like news bits and weather stuff on there tells me the score of the Cardinals game So I get it But I'm not sure everyone else gets it It was interesting Shannon that you you like the Lenovo one too because I don't think it's an Amazon specific thing that I like about it No, I just like the Intuitiveness of it the fact that it's already plugged into my Google account and it is called the Lenovo Spark display I checked on that so I could give you the correct title on that But it's a really nice fluid experience with their GUI and everything So given that Lenovo was able to to make this experience so welcoming with Google I think that you know Google in-house would be able to do something very similar if not better And Serity your point it feels a little bit like one of those things that we see so often in technology where You kind of don't get it until you use it which might make it hard to sell Sure, I mean remember the days of radio or they were like, why do you need you know pictures to tell a story? But then you're like, oh actually that works out really well I think I spend so much time I use a Sonos, but you know, I'm hooked into Amazon's assisted I spend so much time asking things. There are lots of answers that yes audibly I'm getting the answer that I want, but yeah for weather or something innocuous like just having a little visual Companion to that would be nice Sitting right next to me Edgar Alvar as it and gadget has a story up to Friday about something called Snapchat dysmorphia described by doctors as a form of body dysmorphia disorder That's when you perceive your body as having problems that most others don't see back in February the independent ran a story about more people Starting to ask cosmetic doctors to make them look in real life like they do in filters Instagram stories snapchat those kind of filters the American Academy of Facial plastic and reconstructive surgery says 55% of surgeons now report Seeing patients who wanted a procedure to make them look better in selfies. That's up 13% from 2016 filtered photos Kind of have replaced celebrity photos instead of coming in and saying hey I want to look like Farrah Fawcett you come in and say hey I want to look like me with this Farrah Fawcett filter and then the surgeon says I'm too young who's Farrah Fawcett I don't understand Doctors now need to decide if the request is reasonable Unreasonable but understandable in other words now you can't really do that But I get why you're asking or possibly a symptom of a dysmorphia disorder that would need a referral for treatment This is near and dear to me Partly because I I don't feel like I have snapped at dysmorphia But I know what you know the filter makes your skin look better your eyes are brighter Maybe you look younger you're cuter you're thinner all these things wrinkles all it's all it's it's fun in games, right? But I mean I'm guilty of having avatars on various networks where I'm like That's actually like the cuter version of me and like it's like something that I screen-shotted from snapchat Column this week has little flames coming out of your brain Yeah, that didn't actually happen Tom, but but I do think that You know like like any sort of body image issue type thing It's concerning that somebody would come to a doctor and say I want to look more like that fake version of myself That actually doesn't exist because I don't know that's where you're getting into some sort of weird territory Right if you cannot lose weight and you want to look thinner and a filter makes you look thinner I mean how you know, where do you go from there? So I do see that depending on the person this can be a little problematic. I had a lot of those kind of Feelings about my own body when I was growing up I don't know since I turned like 30 around that point I kind of grew out of it and I also figured out how to do my own makeup and that definitely helped with those self-confidence issues But it is a serious problem when when you have especially younger folks going into doctors and asking them to to make them look like filters because we we put on such a Completely different life online on social media that has nothing to do with what really happens With all the negativity and all the positivity that's in your life. We just show like 50% of our life online So it's it's concerning to hear that people are bringing What they perceive as everybody's real lives on social media into the real world and asking doctors to change them, you know Physically to kind of match what everybody else is seeing on social media now in all of this all of this true Karen north a clinical professor of communications at USC Annenberg Who is also an expert on social media and psychology says? That while they've helped amplify people's body dysmorphic or disorders and this is from the engadged article I mentioned earlier it's unreasonable to hold them responsible when someone wants to have surgery just because you enjoy putting filters on your Selfie doesn't mean you suffer from dysmorphia. She did acknowledge however that these features can act as a trigger So, you know, it's it's it's not true. Don't worry. It's like oh wait I use filters and do I have a problem not necessarily just using filters or even saying like gosh I I wish I could look kind of like this I think the difference is saying kind of like this and understanding like this is not a realistic representation But what can we do versus you need to make me into this right that becomes an entirely different thing It's sort of the modern version of that woman on the cover of Vogue magazine is so perfect and beautiful I wish I looked more like that and like people who are like, well, I know how Photoshop works I mean nobody looks like that right the more we know about what you know What a filter looks like versus reality and you know, how you can manipulate images and video and and It doesn't necessarily make us all super confident out of the gate But I think that's probably the first step is not comparing yourself to something that you know for sure is not real in the first place Yeah, do you think that we should remove filters altogether? Oh I'm a monster Shannon. I Don't either but I'm playing devil's advocate. Oh, no, it's a fair question. It's it's a question that needs to be asked I also tend to think no, that's not the answer. In fact, let me see if I can find this other quote This is from Is this from the same? Yeah, this is same from Karen North at Annenberg who says we teach children how to cross the street We teach people how to drive before they get a license social media is another part of our world That needs to be learned We need to teach people that the images they see on social media are not necessarily legitimate or authentic images of the people in your life Don't compare your daily life to the image that other people post that's manipulated for the sake of social media When that also kind of ties into the whole, you know, there've been studies on how depressed people are You know, the more they hang out on social media because we all feel like my life isn't as cool as you know Tom and Nylean are going everywhere and you know having a great time and you're like But I didn't post the Instagram photo of how tired I was when I got home and And you know the real Posting myself at the end of the day and I'm like Going back to reality Also going to DeepMind who has been working with its fellow alphabet company Google to use neural networks to directly control data center Cooling a snapshot of a data centers cooling is collected from sensors every five minutes and then fed into the deep neural network Which predicts the best actions to minimize energy consumption within safety constraints It's then sent to a local control system that separately verifies the changes again for safety Operators can retake control at any time as well The new system supposedly would save 30% energy on average in Google data centers where it operates No, it does not supposedly like the based on the tests. They're actually seeing 30% energy Savings right now. So I think that's that's an important distinction there But very cool what they're doing With the different Facebook has its own like open-source energy conservation methods that involve wind Microsoft is experimenting with the data centers that are under water for cooling and and then DeepMind Doing the AI stuff. I know I said no more Google, but this is DeepMind. It's just another alphabet company Okay, they're working on the Google data centers Well, you know, I'm always curious about the security of things like this and they mentioned that it's sent to a local control system and Operators can take control at any time which is excellent It's great that you have those manual overrides in place But I also wonder how secure they are and if there's any way to turn off the neural networking of this Yeah, there is a way to turn off the neural network that there is an override That is one thing they specifically address in their blog post about this the general security of it I'm sure what they're saying is the data center better be secure And if the data center itself is secure then this should be secure, but it always a good question Moving on Indonesia's Gojek founder and CEO Nadia Makarim told Reuters The company is close to profitability in all segments except Transportation the company started as a ride-hailing app But has added features like payments and food grocery and massage ordering among other things and has its own venture capital investment Arm it plans to expand ride-hailing into Vietnam Singapore Thailand and the Philippines in order to compete with grab Which bought out uber's Southeast Asian business Gojek is valued at a billion dollars. Wow, that's a lot I this one caught my eye because you know I've been trying to talk a lot about the fact that outside of the United States Messaging apps particularly as platforms where they're providing payments and shopping and other things are becoming the norm This is one that isn't a messaging app It started as a ride-hailing app and they started adding other things to it to the point where those other things are Pretty close to being profitable while the ride-hailing aspect of the business still has a ways to go So I I think it's a trend that if you live in the United States like we do You probably don't realize it's as strong as it is I mean the fact that it's valued at a billion dollars and again that's on paper But the transportation aspect is the only place that the company isn't making money And it's making money in all these other places I know that grab has competition already, but There's probably yeah, there's probably enough data where uh gojek is like, okay Let's double down on the transportation stuff So at least we're you know number two in some of these markets where we're operating But at the same time, it's almost like it almost sounds more like we chat where it's A a a central app where you can get a lot of things done and maybe transportation is not there bread and butter Going yeah, it might not it might not be and I I think that's what's so interesting about them expanding outside of indonesia To say like look uber just gave up southeast asia to grab So there's room for a competitor there Let's be that competitor because you know what we bring is all this other stuff Uh that grab grab has a lot of this stuff too, but maybe gojek thinks, you know, they're better at it us telecom ceo jonathan spalter and ntca ceo Shirley bloomfield wrote an opinion piece in the topeka capital journal this week stating that Like electricity broadband is essential to every american now. These are lobbyist organization representatives for the telecom industry u.s telecom in particular represents telcos including at&t Last november in regards to fcc regulation at&t wrote about the net neutrality debates Utility regulation over broadband can only inhibit incentives for network investment And in addition to that telcos receive a tax break in exchange for a promised increase in investment So it's a little interesting to see their lobbyist representatives saying that Broadbands kind of like electricity, which is exactly at the opposite of what at&t was arguing last fall Back to this week's op-ed spalter and bloomfield argued that all that promised private investment that at&t and others have been saying Only works well in populist areas adding and this is a quote from the op-ed There are similarities between networks and communications electric power roads natural gas distribution water distribution and sewer networks By the way, those are all common carriers except for internet By the very nature of network economics each industry exhibits economies of density and each reaches a point at which Unsubsidized provision of service in low density areas is not viable So they're arguing that internet in rural areas should be treated like a common carrier I mean, they're making the analogy. They don't use those words Don't forget telcos receive 1.5 billion dollars in subsidies a year from the fcc for internet already In at&t in particular gets 428 million a year to bring 10 megabit per second service to rural areas 10 megabits Not that much these days so it's stuck out to john broad kinedar's technica and Several others that the telephone industry the telco industry now That it has successfully fended off common carrier regulation Would like to be treated like a common carrier at places and get some government money for it Sorry, shannon you want to take this one? I just get super frustrated with them these these opinion pieces these op-eds because they they It's It's irritating to me coming from living in a rural community when I was When I was younger and knowing how slow a lot of those rural internet Availability was and knowing that we were also not Privy to a lot of the the foundations of being able to get jobs and stuff like we are in Industrial areas like we are you know here in the bay area So it's very irritating to see that they think like oh, it's fine And we don't need to work with those smaller rural areas like we do with you know, larger communities like this one Yeah, I mean taking taking aside the Connection speeds for a second I I always liken this too because what I think about oh well when I was a kid I didn't have cable but it's like meh, but that was sort of entertainment coming at me Right. I think of the internet whether it's broadband or develop or anything as access to a library Education. Yeah, if people don't have the library and other people do well you we've got an issue paying your bills signing your documents All of it. Yes. Everything is done on the internet Right. It's the data center that everyone should be able to access and of course speeds vary And the companies are basically saying we can make a profit in a city Don't regulate us there, but out in the rural areas. We can't make enough money So we need you to give us money to roll out there and broad ten points out He does a superb job covering this space That there are plenty of municipal Movements that could be the equivalent of the electric co-ops that that rolled out rural electricity like southwest electric in in illinois that Would be the solution if the telcos weren't fighting those and trying to get laws passed preventing municipalities And counties from rolling out their own internet service. So There's there's definitely a bit of hypocrisy going on here Folks, if you want to get all the tech headlines each day in about five minutes, be sure to subscribe to dailytechheadlines.com All right, shannon, uh, you had a week Because you had to go to the the whole def count black hat, uh, jamboree out there in las vegas Tell us a little bit about what happened. I like that. You call it a jamboree angels parades Luckily, it's great that this year a lot of press was out there like Right head first and they were really diving into a lot of the the news that was circling So I know you've already covered things like the voting machine hacking village Which was incredible and they found some awesome vulnerabilities But there was also a couple of other stories that hit but um, I haven't seen anybody like who was their first hand Discuss it um in a journalistic aspect. So for example, this was a big topic among The hotel goers the people that were staying on caesars property, which was where def con was based this year Which is the biggest hacker conference that happens every year in the u.s So caesars properties as of last year in october, you know Something horrible happened in las vegas, which I don't necessarily want to talk about it because it's depressing But they decided to start these wellness checks where even if you have a do not disturb sign on your front door They will still go into your room just to perform this wellness check to make sure there's no suspicious activity going on Every 24 hours and then they will supposedly type in a code into your phone That tells the front desk that everything has been checked out and this room is good to go And then they move on to the next one If I may if if I'm understanding this right if you have a housekeeping coming every day This will wouldn't happen because somebody's right been seeing your room It's when you put do not disturb on the door and said Stay away housekeeping for more than 24 hours, which I imagine at a convention full of hackers There might be more than the usual number that do that. Exactly. Yeah A lot of people put the dnd things on their front door do not disturb Uh specifically because we like to protect our electronics If you're a vendor you want to protect, you know, whatever money is coming in if you are running the conference and You know handing out badges you need to put your your bank money in some place Or if you're gambling, you know, you need to put your money away somewhere And a problem with a hacker con is that everybody understands and knows that there is Vulnerabilities that come with hotels So there are going to be ways that people can get into your hotel room via social engineering via copying hotel room keys Because those are I believe they use RFID there Via they could pretend to be a security guard and step into the room There's a lot of different ways that people can get in There's under the door Little wire things that can open the door ledge for you the door handle and push the door open So there's a lot of different ways that people can get into a hotel room and having security guards Come to the rooms unannounced It's not announced in any way, but they supposedly will knock on the front door and say hey I'm security coming in for a wellness check and then enter the room Unfortunately a lot of times this happened Where people suspected that they were rifling through things a couple of people tweeted photos and they said hey My stuff's not in the same place. I left it at I have a do not disturb thing on the front door Security must have been in my room and rifled through my stuff A few people had soldering irons and lockpicks confiscated even though nevada law does not state that lock lockpicks are illegal They are totally fine in the state of nevada So def con even tweeted out if anybody had had any issues with people confiscating their soldering irons, please contact us Uh, not to mention even worse was a view about safety Three different women that I know personally had their rooms checked while they were in the room One was on the toilet another one was changing. She was yeah, she was like halfway dressed and another woman Uh, she runs a company called lute security katie mesoris Who ended up on the phone with the front desk trying to verify the credentials of these security men that were coming into a room so It ended up creating a lot of issues not just for caesars properties But also for def con according to caesars def con did receive a briefing on this policy before the convention started But according to the security Of def con they say otherwise stating that they had never heard about it or at least it didn't get down into the pipeline So even the head of security for def con said that he was going to choose to resign because of this security issue with a lot of hackers Now it is worth noting that the same kind of policies do play into place not just as caesars properties But also places like disneyland. They have the same exact one There's a disclaimer on the do not disturb signs that you hang tag or put on the door So it's not just these properties that have decided to implement these policies But when you get a bunch of hackers that go into a hotel expecting Some sense of privacy for their electronics and even women that are traveling alone Uh, then it becomes a concern because we end up talking about it I assume if you had the deadbolt throne they couldn't come in if you were inside the room But you'd have to be inside the room and you'd have to have remembered to do that right exactly Um, but but that would be your only defense against this if you're not in the room Uh, there's there's nothing going to stop them from coming in if that's the policy and it's it's in Not even in minuscule. It's another aspect of this, you know security versus privacy Debate that we've been having around technology for a long time. Yeah, exactly I had one friend who was taking a nap and She had the deadbolt on her door and security tried to enter and all she heard was a Loud bang that hit the deadbolt and she ran out of her bed and ran to the front door and by that time they were gone So it's it's very disconcerting especially if you're a woman traveling alone it's uh, you know, it's a safety issue because Again, somebody could social engineer their way into your room by saying that they are a security guard Having a patch sewn on to the side of their arm. Yeah Caesar's property properties could easily implement a verification protocol that guests know of, you know Put a sign on the door or put it put something in the room that tells you if if security needs to check your room You can check the verification with the front desk by calling this number Or you can check their verification with an id a very specific id But there needs to be some kind of implementation in place and right now there is none Yeah, the idea of putting a you know, I I always do that little extra padlock when I'm traveling alone Or even when I'm not because yeah, again as a woman I I want to be safe if that somehow flagged me, you know, like, hmm We couldn't perform a wellness check. Now. She's a little suspicious And that's where the problem comes in right like maybe I'm doing something suspicious. Maybe I'm not but if I'm not Yeah, you know, don't yeah, don't bother me when I'm you know barely dressed or feeling vulnerable in the history of las vegas Uh, millions I will guess millions of people reasonably have done this Uh, and there's been one incident So now it's a matter of saying well, what what is the right balance to try to prevent that from happening again? Right. Yeah, and just tell me not to bring my soldering iron. So it doesn't get Be able to bring your soldering iron. I know I know exactly especially to a con. Well, c. Yes, you're gonna need soldering irons to for goodness. Yeah Well, thanks everybody who participates in our sub reddit soldering stories are few and far between but they do show up Submit stories and vote on others at daily tech news show reddit.com We're also on facebook hang out with us there facebook.com slash groups slash daily tech news show Let me tell you folks. We get the best emails here. Which one do we have today? Sure This one comes from vivek following up on our pricey glass thermoset story yesterday We were all sort of like wow sound expensive vivek Not in this email Gently corrected me.  I feel I had to get that off my chest. Good carry on All right, vivek says back to the thermostat and the price He said, I'm not saying the price is justified But consider you don't have a smart speaker and then you're also Planning to buy a thermostat with whatever smart speaker that is so a nest thermostat With an echo or a google home mini or whatever It's going to cost you around 250 bucks But it has a lot more sensors this glass thermostat compared with other smart thermostats to report total volatile organic compounds Or tvoc an equivalent carbon dioxide humidity It has an ox output to control humidifiers or dehumidifiers Ventilators energy recovery ventilators heat recovery ventilators adding all this up Maybe another 30 bucks given all these features should actually matter to the consumer So your total now is about 280 bucks And then you got another 40 bucks for the amazing aesthetics that it will add to the wall where it's installed As we said, it is a very pretty device for sure. It's true. It's true. No, I think yeah I think this is a fair assessment of yes, it's more expensive But you also get more so your mileage may vary whether it's worth paying the tax for but it's it's not just a more expensive version Of the echo b or the nest right if you if you don't care about I don't know measuring humidity. Well, maybe there's another thermostat that's better for you But as vivic rightly points out, this is a fuller featured device and maybe the price justifies that a bit Thanks for that awesome analysis vivic. That was great. Excellent. Thanks vivic and also thanks to shannon morse for being with us this friday It's been a long week for you shannon. Yes. We always appreciate your expertise. What is next on your agenda? Well, thank you for that. Um, well next week i'm going to go to germany I'm going to games com with nvidia So i'm planning on having a meetup Probably on thursday night. It'll be in kohn germany So if you are there, you will not need a badge because i'll do a meetup at like a pub or something Just follow me at snubs on twitter s and ubs for the information on that Otherwise if you want to see a whole recap of def con definitely check out te k thing dot com That's tech thing dot com for my def con 26 recap. And yes, if you are watching the video That is me with a unicorn head on And and a beer in my hand because that's the way that's the way the last day of def con always goes And if you're interested in a little bit more information on the technical side of def con Definitely check out threat wire over at hack five dot org hk5.org Where i go really in depth about the true process of what happened with those voting machines that got hacked Folks it feels good to support things that you like And we hope we are no exception to that patreon.com slash daily tech news show Patreon.com slash dtns I should say uh is the place to go to feel good Not only will you just get the satisfaction of saying hey, i'm helping make the show happen But we hope you feel even better about some of the cool stuff that you can get As a member there, so please go check it out right now if you haven't already and if you have thank you patreon.com Slash dtns We love your feedback our email address is a great way to give us some feedback at daily tech news show dot com If you'd like to join us live monday through friday at 4 30 p.m. Eastern 2030 utc put it on your calendar and find out more at daily tech news show dot com slash live Back on monday with jesson robber young talk to you then This show is part of the frog pants network Get more at frog pants dot com Diamond club, how was you have enjoyed this bro? Oh, I love it when we end a week on an eight bit. Yeah, right? That was awesome It's pretty fun. I haven't heard that eight bit before that was great. Oh, really? Yeah, that was cool. Yeah, that was so cool I like to throw it and keep it, you know shake it up every once in a while Shake it got a shake of the report from bloomberg amazon's working on a dvr That will record live tv wirelessly connect with fire tv boxes and stream the video to smartphones So Really?  I mean I I don't say that Of course be worthless you still there's still a lot to be said for it, but I just sold off my tivo romeo And I have a channel master that does live tv recording. So it wasn't like I I said I don't even need it anymore But I use it so infrequently. I was like, you know the channel master is it's an android box and a recorder in one So the idea first of all like I don't know how many people even continue to want to do this I know there are plenty of you out there in the audience right now But i'm just saying the numbers are probably not necessarily growing as much Probably that's probably safe to say because you have the streaming services out there Sure, and and Even if you are There wouldn't you want an all-in-one box like the tivo or channel master or something like that? So I don't know sling tried this with their sling. They they have a box that integrates antenna and sling tv Uh into a box. I think it's even made by roku possibly. Um That's not setting the world on fire. So I don't know no fire Yeah, there are you know, i'm trying to think of If there was a sporting event Or maybe a I don't know a word show or something where it's like it's a very live experience and for whatever reason I'm not going to watch it live and I didn't think that any of you know If it's the oscars and the abc app isn't going to you know, show it again to me afterwards Then I would need this But those do not come up very often for me. No, they don't and I've tried the tableau, which is a fantastic Uh device that you can get right now that does the thing where it streams it to your roku and to your mobile phone Like you can have this now you don't you know, they I think they even have a fire tv app So, you don't need amazon to invent it. It's there Um, yeah, I don't know I sometimes my first reaction to any tech story is this is stupid and then after an hour or two I start to realize it's cooler. But that's that that's my gut gut feeling right there Well, this is still anonymous sources speaking to bloomberg, but apparently the project is code named frank. Oh Okay, now I like That makes complete sense Frank is the one who will not upgrade anything else. Yeah Frank's like I over the air forever I just want to be able to Name my ai assistant, which in this case is a smart speaker My friend name of choice. That's all I want. I know there's there's a lot of reasons why that's difficult Uh, because you need, you know a wake word. Yeah, but I don't like my options right now I don't like any of them. There's some there. We've we've covered a few of the the developments with edge ai before And one of the impacts of edge ai would be if you can run it locally on on a regular old chip You could then be able to have it trained for More wake words and not have to have it go to the cloud Mm-hmm That's the and that's the thing is it doesn't go to the cloud for the wake word. It has to have it locally But right now that's kind of intensive. So you you have to hard code it Um titles. Yeah, what are we going to call this?  I just saw it, uh Objects and snapchat are prettier than they appear And uh often true AT&T wants government money, but not regulations And filtered bodies What about Yeah, I feel like def con is a good theme Hacking jamboree hacking jamboree is good. Uh, I like jamboree. Yeah, I'm a fan of jamborees This sounds wholesome and fun. It does what what what is a jamboree exactly? Like is there an actual definition of a jamboree? That's a jamboree to me like in my mind is a fun Backdoor barbecue with music It is a large celebration or party typically a lavish and boisterous one Okay, all right And then of course the Boy Scout jamboree is a type of jamboree. That's a large rally of Boy Scouts or Girl Scouts Ah Well, um, we could have a dts jamboree at some point. We should yeah You know barbecue together Take some selfies get a little body dysmorphia Well, you know along with that body dysmorphia We can make like pies and cobblers and stuff So if we're going to distort we might as well do it with pie Yeah, do it in the best way possible if it's in california. We could like have avocado toast Oh, yeah, the perfect california jam well, you don't need to be in california for that true It's it is the national toast of california though and Is it I know there's so many problems with what I just said I realized that Federal law states that california No, it's true when someone says well, what kind of jamboree is it you're like california cuisine And they go, okay. Yeah, yeah, right. So there's no theme. It's just avocado toast and involves ukuleles No, is it the whole california cuisine fusion? So any kind of you take any two?  Like california pizza kitchen Yeah, like what kind of pizza is california pizza? pizza kitchens here well the whole The whole idea behind california pizza kitchen is california pizza is pizza with non-traditional topic Hmm I mean, okay, that's fair.  Well, we put anything in our tacos, right the whole korean barbecue tacos Sure, cichirido Which seems very messy. I had egg tacos for for lunch today, by the way egg tacos egg guac sour cream cheese and Salsa, I mean, it's a perfect. That's a perfect one. Best is the best lunch ever Better than mine homemade Or not from a restaurant I'm hungry That's because you don't eat breakfast. This is what always happens around this time It's like we get into food and then Roger's like I gotta go Why do you guys talk about food all the time? When we got off the show yesterday.  So You know, I love microwavable burritos because they're so convenient and they're pretty tasty But there's so much I know time's gonna rag me on this so much salt Oh On that I only rag you if you start to say salt is bad for you. It's I just said it's high in salt. Yeah, I didn't I know you said and I'm gonna rag you.  I promise I don't I don't feel like the amy's burritos that I eat in a pinch are that salty because I don't really like sodium either Or I don't like things that are heavily salted But I don't know It's like I'm hungry in one minute. I will have a delicious meal done I remember In college or even pre-college high school like everyone had bagel dogs Like if you were hungry, it's either frozen pizza or bagel dogs. Now you need to get a frozen burrito Oh, I used to love bagel dogs and you'd mix the mustard and ketchup together No mustard your your people's obsession with mustard is You're Never once mentioned before I don't see I don't I don't like like I would not I would not dip a bagel dog and ketchup If there wasn't also mustard Because then it makes it too sweet That was a kid I thought they just they offered you both because you needed two colors on your hat like I was a kid I thought you just needed two colors and it's like no this this one color tastes terrible Why do they include it? I always go for the red bottle I it took I I didn't love mustard as a kid either but now I'm I eat mustard and not ketchup. I've totally flip flopped Well, I was against mustard before I was for it depending on you know, what kind of a Uh, brought worst hot dog, whatever purist you are Some people don't believe that ketchup belongs on hot dogs at all Well, brought worse than like ketchup may belong on hot dogs, but it does not belong on brought worst. I agree with that You see it's to me. I'm like they're all the same No Die go go back to california. Oh wait. That's where we are. It's a sausage thing Processed like how are they really different?  I know I don't know I actually don't know the answer. Please someone school me We didn't grow up with a lot of brought worst Uh in in southern illinois, but my grandpa was german Uh, and so he would make them like july 4th labor day. That was my introduction to brought worst And that's where I started to like mustard. It was like oh mustard on a brought worst. That's pretty good Well, and you got spicy brown mustard You got mustard and it was a it was always on a holiday So it you know food that you associate with fun times always sure. Yeah Mustard so many varieties.  Nevada makes great mustard. I'm partial to Dijon mustard I am too, but every once in a while a good old-fashioned yellow mustard just tastes really good Yeah, it's like pop music. I can get tired of it really fast, but if I space it out, I enjoy it Ariana grande The mustard The yellow mustard of The Dijon spice. I do like spicy. Take on connotations. I don't mean so like spicier as I get older You get spicier as you get older. I think do I feel like I get scratchy and Like good. Well, that's that's a sort of like spicier Spicier. I think it's a scratchy attitude toward life to touch More abrasive Scratchier, you know, that's one reason why I go shopping at Costco is to take advantage of their buck 50 hot dog soda combo Not really, but Um, shannon, how are your kitties doing? Oh, they're lovely. Thank you for asking. How are your kitties? Well, they're fine. Thanks. I was telling the guys before the show that I am Very casually. Nothing's happening. Maybe thinking about adopting a dog Oh, I know I know it's a whole we're just gonna we're just we're just doing research right now It's my library if you will but um, but you know the like number one thing is The cats have to love any dog that would be part of the Oh, yeah, of course like even more than me Because you know, I can sort of deal with that stuff but I took care of a dog for a week and And my cat Didn't like him for the first like four days and then they ended up sleeping next to each other on the sofa I want to say together because they weren't like, you know, they weren't really involved They found harmony. They weren't spooning but they found harmony enough that they could sleep next to each other and be okay Yeah, but as soon as the dog like gave her attention, he was she was just like, no, I don't like you Right well probably because she's like this is my house. Yeah Of course, you'll respect my authority. She runs the world.  They're not upset. That's good But I don't know how they'd be with a larger dog So I don't know well, we'll find out it's going to be a very exciting weekend. Do you want a larger dog? I want the kind of dog that speaks to my heart And I don't know what kind of dog that is yet, you know, sometimes you just don't know until you meet the That particular animal. So I don't Yeah, there's a there's a shelter not too far from me. So I'm going to go check out a couple Adorable animals tomorrow.  That's just the rule And it actually helps keep the beach clean and you know, there's like a protected bird species and variety of reasons for that But if you go out there early enough before the patrollers start Everybody's got their dog running around like at 6 a.m. It's dog city So I'm confident that this is still a really great outdoorsy place to have An animal that had to run around because my cats all they do is sleep And we hope that's all you do if that's what you want to do this weekend video folks We're wrapping up the video now and we wish you the best if you're listening to the audio stick around There's more to come more to come


Good evening, fellow St. Lucians. On March 15, 2018, St. Lucia joins the rest of the world in commemorating World Consumer Rights Day. And as Minister with Responsibility for Consumer Affairs, I would like to wish each and every consumer a happy World Consumer Rights Day. It was on March 15, 1963 that former U.S. President John F. Kennedy first addressed the issue of consumer rights. Fifty-five years later, consumer rights and consumer interests have grown in importance and now command attention in almost every country. Non-governmental organizations, such as National Consumer Associations and Consumers International have advocated and continue to advocate for the rights of consumers in an effort to ensure that manufacturers and distributors of goods and services place paramount importance on consumer safety and value for money. As we commemorate World Consumer Rights Day, taking cognizance of the theme, making digital marketplaces fairer, we are reminded by consumers international, the umbrella consumer advocacy body that we as consumers, as governments, as consumer welfare organizations and as businesses have to place greater focus on and recognition of the rights of consumers in the digital age that we live. Developments in technology, especially in information and communication technology and the Internet, have created a digital marketplace and with the advent of globalization and trade liberalization, we now live in a world where consumers have direct access to wider choices of goods and services. The concept of specific geographical markets is increasingly becoming blurred as more transactions now take place in cyberspace. Digital technology has created new opportunities for consumers to communicate and to access information. It has provided greater convenience and choice from a wider range of digital products and services from new and non-tradition markets, products such as smartphones, smart televisions, smart refrigerators and stoves, smart homes and other goods are increasingly becoming an almost natural part of our daily existence. And as we sign onto multilateral trade agreements which facilitate trade in goods and services, the conversions of technology on digital platforms make these cross-border trade transactions occur seamlessly and effortlessly. At the center of this trade in the digital marketplace is the consumer. There is no doubt, ladies and gentlemen, that the digital marketplace and e-commerce have tremendously enhanced the quality of life of many consumers in developing countries like St. Lucia. But at the same time, we as consumers must be aware that we are exposed to a number of vulnerabilities and challenges which without concerted action by governments, regulators and consumer action groups could result in our detriment and undermine consumer confidence and trust in the digital marketplace. For nearly two decades, a lot of work has been done to advance the welfare and interest of consumers within countries of the OECS and the Caribbean Community Caricum. Over the years, we have built a consumer protection framework that has made great advances in promoting and protecting consumer rights in St. Lucia. And I speak of the collective work of the Consumer Affairs Division, the St. Lucia Brewer of Standards and non-state actors such as the National Consumer Association working collaboratively and cohesively in promoting and protecting consumer interests. But more still has to be done. According to the CIA Factbook, there are approximately 86,000 internet users in St. Lucia or 52.4% of the population and in 2016, mobile phone subscriptions for every 100 inhabitants was at 107. This means that there exists a very large majority of consumers using mobile and broadband communications who potentially have direct access to overseas markets through the internet and engaging in e-commerce and who are vulnerable to internet scams, identity theft and cyber bullying. Consequently, there is need to strengthen the laws, policies and regulations to protect the interests of cyber shoppers in an effort to create a fairer and safer digital marketplace. The Government of St. Lucia has already enacted a number of critical pieces of legislation to protect consumer rights and interests. These include the Consumer Protection Act No. 9 of 2016, the Privacy and Data Protection Act which was enacted in April 2011 and later amended in March 2015, the Cyber Crime Act which was enacted in April 2011 and the Electronic Transactions Act also enacted in April 2011. Mindful of the myriad of concerns, challenges and vulnerabilities that consumers face when transacting in the digital environment, it is necessary to strengthen the existing legislation and to enact new legislation to protect the interests and welfare of consumers. The Government of St. Lucia, in keeping with its policy of developing community access centers and enabling access to information as well as the development of village tourism and ensuring that visitors to St. Lucia can stay connected while enjoying our island, launched the Government Islandwide Simply Call, the GI Net Project. This project is aimed at establishing a wireless local area network in public areas in order to provide residents, tourists and persons conducting business free and or low cost internet access. These are developments that will further integrate our local community into the digital marketplace. There is no turning back from this path of insertion into the global digital marketplace. As Minister of Responsibility for Consumer Affairs, it is clear to me that transacting in this new environment is filled with risk that we must collectively minimize through smart policies that safeguard consumers' welfare and interests. The work of consumer protection must be grounded in well enforceable legislation, lobbying and advocacy. Businesses must recognize their responsibilities to protect consumer data, obtain and invest in security that would build greater consumer confidence in the digital marketplace. My department will on World Consumer Rights Day be engaging consumers in the various communities in an activity dubbed the Roving Road Show. This activity is held to sensitize consumers on matters related to consumer affairs and this year's theme. In closing, I believe that access to reasonably priced internet services that work must be a basic right in this era. Hence, this government will work to ensure that we are served with broadband access that is affordable to the poor and vulnerable so that all consumers may benefit. I especially urge the consumer organizations not to relent and continue to influence the private sector and government in providing you with the infrastructure and services that are vital in this digital economy. This is fair and just for all. Happy World Consumer Rights Day. I thank you.


You've kind of been, I'd say, the poster child of the program, if you will, when Sean Marks or Kenny Atkinson talk about people who've bought in, who've developed, they would always talk about you, both on and off the court.  I mean, how gratifying has this journey been and how much pride do you take in kind of being one of those foundational guys that has led this new wave of Brooklyn Nets basketball? It's been super fun. You know, this was kind of the vision from day one, you know, when I got drafted. I remember talking to Sean and Kenny on the phone and talking about, you know, three, four years down the line, what we can be, what we can become as a team and individually, you know, the goals that I have for myself. And I feel like I'm on the right path and we're still more to accomplish.  You played extraordinary basketball through the postseason and through the playoffs and we saw you really as you came back from injury playing some of the basketball that we've seen. What has been, what's your summer been like and how have you tried to take your game now to another level as you enter the season? I think for me, I try to, you know, just improve on, you know, where I left off on definitely my confidence was super high going into the offseason.  I feel like when you do certain things on the court, you kind of know how good you are.  That's my mindset. You know, along those lines, I think a lot of times when people see a developing player and they see positive returns, you start projecting, well, he could be like this, you know, he could be this kind of player. Do you in your mind have sort of a standard? Is it, is it I want to be a perennial also? Is it I know I can be all NBA?  I don't try to put limits on it, to be honest with you. So, you know, I try to be the, you know, the best player I can be, whether that's all-star, superstar, you know, Hall of Fame, even I tried out to put any limits on it and attack every day, you know, trying to be the best player I can be. What about the leadership role that we talked to Sean, we talked to Kenny, and they've always pointed at you as a guy who's been an extraordinary example of how you work. You got a few new pieces and you've lost, you've lost some different players that were great leaders in the locker room. What do you do in terms of really trying to take the reins of a leadership role along with some of these other guys? I think naturally I'm just kind of a guy who leads by example, you know, shows the work that I put in, and people kind of just see that naturally. And obviously with these guys coming in with more experience, I'm more excited to learn from them, learn from what they have to say, you know, learn from the way that they work, and I can't wait to take the floor with those guys. All right. So, you've had this relationship with Kevin Durant to a certain degree for a while now. Karris, give us some insight into the kind of teammate you know he's going to be for you.  They've been in a lot of big games, played in a lot of big moments. So for that, it's going to be huge. It's going to be huge for us. John and Boussa looking for some camera time now. I know, he didn't realize that he wasn't getting a chance to get in just yet. A new backcourtmate and guy re-erving, describe what you feel like the play and how the play between you two will be a little bit different than what you had last year and the ways in which you're looking to find some synergy with him. I think it'll be honestly really similar, you know. I feel like we're a team who kind of utilizes the backcourt, utilizes, you know, mismatches in the backcourt that we have. And obviously, Karris is going to pose a lot of those mismatches for the other team. So I feel like playing off of each other will be huge for us. And then learning from him as well, you know, the summer's been huge for us, just building chemistry and things like that. There's so much excitement around this and obviously the job changes a little bit for Kenny Atkinson as well. You know, it goes from a team with developing young talent to all of a sudden a team with great expectations. Knowing Kenny's style the way that you do, how do you think it's going to mesh with Kyrie and Kevin and the way that they want to play, you know, they were just talking about that was one of the appeals to them and why they came here. I think they'll love Kenny. You know, he's a really competitive coach, someone who, you know, kind of pulls the best out of each player.  So like I said, I think they'll love Kenny. I think they'll love the organization, everyone surrounding it, and it'll be a great experience. There's so much buzz. As we can see here on media day, a little different than it's been the past few seasons, but you guys get to work tomorrow and I know you've been in the gym and you've all been here together, but training camp actually officially begins tomorrow. For you, does it feel different? Is there a different feel as you head into this preseason? I think so, definitely. You know, to say there isn't would be definitely a lie. You know, we definitely have different caliber of players on the team this year, you know, championship level guys. So that'll be huge. That'll be fun going to the training camp. And I can't wait to get started this year.


What I'm going to talk about is adaptive financing and some crypto economic primitive that we have for this as well as a use case and so that impact certificate is for a implementer of a project called Chimple which is live in India at the moment. It's distributed 500 tablet devices to 500 poor households that are using a learning program on the device and these are children who experienced not being able to go to school during the COVID epidemic over the past couple of years so the education level is really low so we have 500 kids in this pilot group and then we have a control group as well and we're collecting data on this over 12 months and so how do we finance this? So when we're talking about adaptive finance it's really in the context of crypto economic mechanisms. In general crypto economic mechanisms are financial systems that are built on verifiable stateful data and generally most of the DeFi crypto economic mechanisms you know the data is all just on-chain data so liquidity pool etc. What we want to do is enable DeFi to move to ReFi and to build crypto economic systems that are suitable for funding real projects and real state change in the world and so you know this is a sort of general principle that blockchains enable reality to exist within software and what we would like to do is bring in this layer of enabling this reality as verified earth state to be existing within the software as validated chain state and I'm gonna show how that kind of kind of works and so this can apply to finance you know so it can be I have made an investment in the real world and it's reflected on chain. It can be services so I have provided a service and I'm getting a payment both the record of having provided the service as well as the payment transaction can be stored in some form statefully on chain data the same thing and ultimately it's about reflecting changes in the real world and changes in the blockchain and when we bring this together we have a cyber physical system and with the state of the virtual system the blockchain and its related technologies reflects or was linked to the change in the state of the physical world. Now a very powerful idea here is that when changes in the state of the real world create changes in the state of the chain and when can do that okay and when changes in the state of the chain happen they can feedback as incentives to get people to change the state of the world and so this feedback loop is super important and this is where we need to look at okay well how do we make it adaptive so that it is linked to reality so what's the interface between state changes on chain state changes in the real world so the basis of this I'm going to talk a little bit of the data side of things in this feed in really powerfully to the impact certificates story and so we've been working since like 2015 on a protocol using decentralized identifiers verifiable claims and credentials to have a way of representing what's happening in the real world with identification identification verifiability creating these as verifiable claims assigned signed claims and then verification with the verification proofs which leads to the ability to to issue credentials and you can package those credentials together and put them into non-fungible impact tokens now impact tokens you know they're basically NFTs but what we've worked on is a much more robust metadata standard around this which uses decentralized identifiers and and and the did documents if for those of you are familiar with the W3C specification and so this has an identifier and it has the crypto controls and so on of a did document but we've added in some additional properties here and so this makes these these impact tokens programmable because we can now embed services and services can be chain services you know data data stores web to services whatever services you'd like to put in there as endpoints essentially and then writes so the rights can define what you can do with those services or they can be rights that are expressed in smart contracts or as legal contracts or delegated authorization Z caps and embedded in these tokens is the data the verifiable credentials the claims and and general data as well and you can link any resources to this so now we've got a package of of digital assets that is not only an information carrier but it's programmable and you can do really interesting things with it and I'll get to that in the context of the educational program in a minute and this really can be used for any classes so as Juan was saying earlier you know we have the ones that are obvious that are currently being digitized certificates such as carbon certificates renewable energy certificates and so on but really we can represent any outcomes in the certified form so whether it's nature-based health-based industrial IP etc basically anything that we care about and want to work towards investing and and spend our money on and because of the composability this can be built into any financial transaction any capital allocation government expenditures business processes consumer products and so on so you can for instance embed one of these tokens into a product as a proof that the product has a sustainable source for instance so coming back to our use case example of the temple pilot so we've implemented the script economic primitive that we've developed called an alpha bond and that's the adaptive financing bit and I'm gonna go into a little bit of detail there and this is a project that we we're running currently collecting the data in partnership with temple and UBS Bank so if we just take a step back and say cool what are we trying to achieve in this project it's from from an investor perspective investors want to achieve alpha and if it's their impact investors it's impact alpha so it's we want to have better than market average returns in terms of the impact that's achieved as well as financial returns and the balance between the impact and the finance kind of gives you the the the alpha but in addition to this when we think of this in the context of a whole system we're wanting to reduce the negative externalities such as the dependency that gets created through these these types of financing mechanisms and we want to increase positive externalities such as strengthening the education services and this can be done by decentralizing actually enabling the financing to happen at a local level enable local stakeholders to get involved rather than this being in the way that actually what this what the specific bond is is demonstrating a replacement for is a very large development impact bond for 300,000 kids in India which UBS is is implementing which is very centralized the capital is formed in Zurich and everything is kind of done from the lots of intermediaries very high costs and so on and then we want to ensure that that the project failure rate is low and having worked in in the development sector for most of my career so many projects fail you know they just don't deliver what they were supposed to deliver and generally we find out after the fact and there's no course correction and so on and so we really want to make this a more successful way of funding in terms of the outcomes that get achieved now there's this interface that we need between the real world and and the blockchain and so what is that interface you know so it's like the interface in our car is basically the the accelerator and we can see some data about how fast we're going and so on and so the interface is a token bonding curve now for those of you up to most of you know about bonding curves how they work you know you buy into the curve it means the tokens you burn to sell out of the curve is parametric pricing depending on the curve parameters and what this does is regulate supply and and demand in a sort of automatic automated market making kind of way the shortcomings of bonding curves as they've mostly been implemented are that you have fixed a priori assumptions so your parameters for the curve you kind of set them and then you can't change them the curve is kind of just going to be whatever shape and whatever configuration you've set out at at the start in a smart contract and they're not good at responding to new information the only new information is whether there's a buy or a sell but they have no other ways of seeing what's going on on chain or or kind of sensing what's going on in the real world and for most bonding curves they work because of Ponsonomics and to the previous speakers examples you know it's kind of that cancer curve as opposed to the sigmoidal kind of a curve that has an endpoint and so what's useful about having a pricing mechanism like this is that it can incorporate a lot of information so this is the first of two Hayek quotes that I really like and I'm gonna present here so you know prices are an instrument of communication that gives us a lot of information that that we don't necessarily directly have so knowing the price of the bond and corresponding that to the project and its success and its performance is really helpful so this is thanks to Zargham and his team so good systems design and and analysis so we did a year-long project with block science and came up with this mechanism of risk-adjusted bonding curves and so there's two parts to this mechanism the one part is a bonding curve but that changes its parameters based on an input of alpha so alpha is predicting between zero and one the probability of a future payoff payoff so if the impact bond is gonna pay back $100,000 and risk investors are putting in $80,000 to implement to fund the project over time the continuous funding that is brought in through this through this mechanism adjusts the price to whether the project is going to achieve its outcome payment or not is it going to achieve its result and then a payoff that payoff can be anything it can be through the production of impact tokens or impact certificates or it can be you know a financial agreement that if you achieve this this target or this milestone then you'll get paid the other part of this is a prediction market now we haven't implemented this in code yet and so it hasn't been tested out in any sort of real-world context but the prediction market part of this allows for the participants who hold bond tokens to take positions in success and failure pools so it works like a typical prediction market except that it's with people who have skin in the game so you know you're an investor and you're participating in the prediction market this is particularly useful for most projects that don't have secondary markets you know so if you've got a large project and you've got a lot of tokens out there and these liquidity pools and they're sort of trading on the secondary market then you've got a price indicator of essentially a prediction market providing feedback as to the value of the underlying project whereas in this way you don't have to have a secondary market you can have the primary participants in this primary issuance mechanism participating in the in the prediction market now these things do come at a cost you know so if you're going to operate a prediction market you have to have some additional capital to to operate that mechanism that can't be used for the project implementation so that's just one of the one of the downsides of this and this this updates through a through basically like updating priors through a Markov chain mechanism and so you kind of get a smoothing out over time so as new signals are coming in on alpha it's adjusting the system alpha to provide a prediction on whether the outcome is going to be achieved and so this serves as a sort of game people participating in this options market this prediction market and that provides an estimation of of alpha and so here's the other Hayek quotes that prediction markets are mechanisms for collecting vast amounts of information by individuals and synthesizing this into a useful data point data point here being alpha so this is what it looks like sort of schematically so we have an alpha bond which takes in investor capital and a continuous funding mechanism and mints tokens bond tokens as those investments are made into the reserve that sets the bond price it's one of the one of the main things that sets the price is the current reserve that's the relationship between supply and reserve and and then that the curve gets repriced based on this prediction that's coming in this alpha value and so if the project's doing well you know the price goes up the project is not doing well the price goes down and what this effectively does is dilutes the all investors because you're having to issue more tokens at a lower price in order to achieve the the funding target and then ultimately this should this can produce impact tokens or it can just produce an outcome payment and that then repays the investors so yeah this is kind of what it looks like in the in the temple example on our software so you know we've got the curve happening there in our case we're not using a prediction market we're using a signal that's coming in from the tablet devices so we've got software on the tablet device that is issuing claims signing claims it's basically the device is saying the student used used me and got to this level in the educational program and we use that as a signal for calculating the alpha on a continuous basis and those claims come in and get and get verified and so on and so here's an example of an education token that could be could be issued this is conceptual we're not actually issuing these tokens for the for the kids but here we have you know the an idea that services could be that based on this token you could get a personalized learning curriculum access to learning software etc you may have rights to get an educational bursary for instance if you've achieved this accomplishment and linked resources can be qualification credentials very verified attendance claims etc so this information unit becomes usable programmable and it's and it's also data rich and so there is a valuable asset so the vision with this is you know that this provides an autonomous an autonomous replicable adaptive and safe mechanism so it's designed that it has parameters that you can't go outside of and the big vision here is that we can enable much greater capital flows to happen through debt finance or through this mobilizing capital that can achieve regulatory approval because these are essentially securities you know so if you're issuing bonds for investing in solar solar panel installations or for education or whatever the bonds can be for essentially that's a security that you're issuing with some promise of future return and I believe that if we collect enough data and verify the mechanism is safe it should get regulatory approval that this can really just be automatically issued and the analogy here is drones so this picture is a picture taken of a drone swarm which is now permitted you can get a license to fly swarms of drones and the federal aviation authority and enable this because drones have control mechanisms and there's all these sort of safety mechanisms in place and so that's the sort of analogy for scaling yeah so this is just a kind of bonus slide just talking about adaptive finance in the context of the commons and really applying you know the principles of the commons to this that adaptive finance can be used to serve the commons to build new economies and and and use feedback systems and I won't go into all the all the little bits in here but you're welcome to get this a copy of this slide if it's interesting to you so yeah thank you very much