What's up everyone, takedown here, welcome back to another video, today we're gonna be talking about what to do if your Xbox Series X or S is experiencing the black screen of death. Let's get right into this. The first thing you're gonna want to try is to simply restart the console. To do this, you're gonna hold the Xbox button on the front of the console for about 10 seconds until it shuts down.  Now I know that sounds so simple just restarting the console, but usually for a lot of people that does work, now if it didn't work for you, the next thing to do is to check the HDMI cable. First thing you're gonna want to check is to make sure that there's no damage on the HDMI cable, on the ports on your Xbox, and even the ports on your TV. If you do see any kind of damage, that is likely the reason why you are experiencing the black screen of death. If you don't see any damage, if your TV does have multiple HDMI ports, then I would recommend simply taking the HDMI cable and plugging it into a different port on your TV, and of course going into your TV settings and changing the input to that HDMI cable to see if it does work for you. I know for myself, the TV right here, the HDMI port one was what I was using previously, it all of a sudden stopped working and I was experiencing the black screen of death myself. Once I did change to HDMI port number two, it did work once again. So for whatever reason, HDMI port number one just stopped working on my TV, and for some people just switching to a different port, hopefully will work for you. If that doesn't work, the next thing to try is to use a completely different HDMI cable, and simply going through those steps I just mentioned where first just trying the HDMI cable, and if that doesn't work, try using a different port on your TV. If checking or replacing the HDMI cable doesn't work for you, the next thing to do is to reset the Xbox display settings. To do this, you're going to want to press and hold the power button and eject buttons until you hear two beeps, which are 10 seconds apart. You should now be in the low resolution mode. From here, you can go into the Xbox settings and you can revert back to the higher resolution that you had previously. Now unlike some of my other videos where I do have more options that you can try yourself, whenever it comes to the Xbox Series X or S, these are pretty much the only quick fixes that you can try yourself. Simply restarting the console usually does work for a lot of people. If that doesn't work, simply changing the HDMI cable or trying a different HDMI cable usually does work for most people as well. Other than three options that I didn't mention in this video, there isn't so much that you can do yourself. So hopefully one of these did work for you. If it did, please leave a like and I'll see you guys in the next video. Please take care. Peace.


Lightning talks time. It's my favorite time of the day, I guess. We actually have a lot more lightning talks than we have time for today, so hopefully we get through all of them. Which actually, it's why we're starting 15 minutes early, but anyway. So, Grace Nolan is up second, but first we have Jesse who's going to tell us about CodeLingo, and your time has started. Hi, I'm Jess. That's Matt, somewhere that ran away. We're both working on CodeLingo, and I just want to quickly talk about ratcheting down technical debt. There's the Standish Group, which does the Chaos Report annually. They've been doing it for over two decades. So, where they do a study across the whole industry to see how many software projects are successful. By their definition of success, they've never found more than 30% of software projects industry-wide successful. The Gartner Report estimated technical debt to hit globally $1 trillion. So, it's an industry-wide issue. So, there's a tension between technical debt and features. Managers and business owners like to take on technical debt because it allows you to get to market quicker. They take the analogy literally. As engineers, basically we see technical debt like taking a rake, placing it upside down, and turning off the lights. So, there's quite a disparity between how managers see technical debt and how engineers do. Nonetheless, we all need to push out features and products to get money and survive. So, you have to resolve the tension between these two. With CodeLingo, what you can do is actually add Claire, and Claire is a virtual mentor that you can add to your team. And she will help you manage your technical debt at scale. So, what we can see here is, as a pull request is coming in, Claire is going to say, I see that you've added more arguments to this function. Can you please take a data struct? And make it take a data struct. Now, the important thing here is that this isn't a bug. It's not idiomatic go or Python or anything like that. It's a particular style that has been made by a senior engineer in a project. But the point is that Claire is guiding that change to happen when the developer's context is in that space. So, you're reducing that context switching. So, she stops cargo-culting. So, she reviews the pull request as they come in to stop the cargo-culting of technical debt. And she guides the refractoring, which I just talked about. And she also praises you. So, if you incidentally improve some code, and it actually incidentally fixes some of the technical debt that the CodeLingo platform has detected, you get praise because she's about educating your contributors. She's not a linter. She doesn't just find all the bugs. How it works, basically, it works with .Lingo files in your repository. And inside of .Lingo, you just have this. This is literally all you have to do to write a tenant. And the tenant that I just described, this is literally all you have to write. It's based on YAML. And then this is a DSL. The grammar of it is the BNF file is maybe 50 lines. You can learn it in a day. It just works on node branches and leaf branches. So, we're just writing a little pattern here. This is a function. So, each one of these is a fact. And you write a segment of facts. And what facts are available to you dependent on the lexicon that you pull in? Now, a lexicon can be, it's a domain of knowledge relevant to the software development process. So, the back end of the lexicon is actually Docker container. And inside that container, you can use any language to do any analysis that you like and define any logical facts relevant to a particular domain. So, for example, you could actually suck up a lot of the existing analysis tools. The other point here, you can see here, FUNC is actually an inbuilt common lexicon. So, this will actually find a function in Python, Go, PHP, what have you. But then, if you want to express more specific facts or facts from different domains, you can pull that in. So, this is actually quite cool here because we're talking about a function. But then we pull in the lexicon domain and suddenly we're not just talking about a function. Sorry? One minute. So, talking of time, that's exactly the point I want to make here. So, now we're not talking about a function as a static bit of text in a file. We're actually talking about a function that exists in time. So, we can now actually define a pattern that says, find the function, find the number of arguments that function has in the previous commit. So, everything under here is in the previous commit. Assign that to this variable and then we jump out here. And in the current commit, does this same function, find the same function in the current commit, does it have more than three arguments and more than the less, more than more arguments than it did in the past commit? And that's what enables Clare to do that review. And that's just one example of one lexicon that you can pull in. You can pull in lexicons that really anything that you can think is logically relevant to the software development process. And thank you very much, Jesse. That was fantastic. So, up next we have Marcus Holderman, but first, Grace Nolan, who's going to tell us all about how to sell computer science. At least she will once she gets up here and sets up. Right. Yeah, Grace Nolan. Okay, hello. So, one of the things that I've heard quite a lot at this conference so far is people's interest in computer science education and outreach. And I recently was doing a research project which kind of talked quite a bit about this. And I thought that maybe you might be interested in some of the things that I came across when I was doing these studies. So, one of the top concerns that people seem to have or problems are around perceptions. So, stereotypes, we talk about this quite a lot. And there was one study that I looked at where they did find that stereotypes were formed in about two minutes and these lasted for about at least two weeks. So, they kind of checked in at different points in that two-week period. And they found that for people who kind of contradicts those stereotypes were taken kind of like a little bit more seriously and people could envision themselves being in that role. So, that study was around students talking to other students, like ones that were studying computer science and moving on to the next thing. The next one that we looked at was computer science for social good. So, this idea is around that, you know, when you're talking about computer science, often people don't actually know what it means or what it leads to. Like, you know that medicine's going to lead to being like a doctor or a surgeon or those kind of things or doing law is going to lead to like a whole manner of things like lawyer, being prosecutor or whatever and same with engineering. But a lot of people still don't really know what doing computer science could lead to. So, some of the examples that some of these researchers like looking at is like looking at like humanitarian free and open source software type things or using kind of disasters as a way of giving examples when in like group situations. Like for example, if you've got, there's been a natural disaster in everyone's and like a game stadium, how do you sort the people so they can get their rations and that kind of thing, like so you can kind of use that for teaching computer science concepts. The next thing was the importance of considering the context of the students that you're working with. So, before going to work with a group of students, think about them and think about where they're coming from and what their life is like and kind of try and tailor it to that. But avoid pink washing if possible. If you're particularly targeting, you know, female students, you want to be careful not to inadvertently perpetuate stereotypes by, you know, talking about like sewing and cooking examples and stuff like this because people do that and it's not so great. The next thing is the outspoken minority. So, if you're working with a group of students and you have some students who, you know, they're really enthusiastic and they're bringing up all these points about lots of different technologies and it, you know, people, it can be quite off-putting for other students. And I quite like the strategy that Maria Claude did from Harvey Mudd where they would pull those students aside and be like, hey, it's really awesome that you're enthusiastic about this and you may not be aware of it but, you know, it can be a little bit of putting to other students. How about we talk about, you know, some of these things that you want to talk about, like offline, how about we talk about it, you know, on the side and let the other students have the space to learn and that kind of thing and that seems to have worked pretty well. There's, I don't know how many of you have heard of CS Unplugged which is some activities that Tim Bell has been coming up with which is a way of kind of teaching computer science but away from the computer. So for example, acting out sorting algorithms and stuff like that. There's like a whole range of them and they're really awesome and they can be quite a good icebreaker as well. One minute. And basically like join forces with people who are already doing really awesome stuff. Like take a look at Tim Bell's work with CS Unplugged. There's gather workshops which are at the high school level. There's Code Club Aotearoa which is a primary school level.  So if you want to know more about these things then come and find me later or tomorrow or something like this and I'll like gladly talk to you more about it. Great. The end. Thank you very much Grace. Hello. Cool. So, Jordy Tablata if you can come and get set up please and Marcus Holterman is going to be presenting our next lightning talk hopefully. Shall we start his timer now? I think so, yeah. Unplugged. Unplugged. Let's move this one over here. I'm going to do a live demo. This is awesome. No, I'm not. Who here in the room uses Django? Good point. Let's start off with creating a project. Let's talk about Django's Google Summer Code project. Tim Graham and I mentored a student called Access. He actually started or implemented class-based indexes for Django. When this is going first then... So let's install the current Django development version. And when we have that done we can look at how we can actually use them. Let's start a new Django project and let's call it GSOC and let's start a new Django application. Let's call it example. Now let's start editing the settings. Let's activate the project. And let's edit the models. So let's create my model which inherits model name, which is a draw field, which has a maximum length of 150 characters. And now we create a meta class and now this is new in one point. It's going to be new in 1.11. There's an indexes attribute which is a model of type or it's a model index. This takes a fields attribute which is a list of field names you can define. And it takes a required name which is the one the index will have on the database. Now let's create the migrations and see what the migrations look like. Why is it not showing? This is bad. This is bad. Anyway, an example. There we go. So what you can see down here we have this new index. Awesome. Well, Django was able to do this with a DB index on the field. What's also new is that you can have other types of indexes, for example, Django indexes. Let's go on Postgres. Let's change this to Django database and open the model again. Let's go in there and import the Postgres JSON field, for example. And the JIN index for Postgres, from the Postgres extension, from the Postgres dependent indexes. Now let's add the JSON field here and add the, with an empty default and let's add a JIN index here. One minute. So much time. So much time. Now let's see, make migrations. Let's run pip install psychopg2 because that's what we need to do before. And we should be able to see the JIN index being created when we look at the SQL output here. Damn. Recording screen sessions or recording session batch sessions is apparently not entirely working. Give me a second to replay everything. It gets so fierce. Much fast typing, Mark, because it's amazing. Now it's a piece equal. Thank you very much. I was sure such a fast typist as yourself would have been able to finish the entire demo in five minutes. Few typos next time. Yeah. So Tim Penhey, if you can come and get miked up, that would be fantastic. And Geordi Tablata is about to tell us about Wagtail and Meetups. Oh, yeah. Pause it. This is not fair to him. It's actually a technical issue. Okay, I'll reset his timer. Yeah, it's Chris himself. Yeah, once you can get Mac OS running on an FPGA. Thank you. Yeah, so my name is Geordi. I work for Coordinates in Wellington and I like to talk a bit about Wagtail. I believe there was a presentation last year at PyCon about Wagtail, but maybe some of you already know about it. I wasn't there, so I just like to make this introduction. So Wagtail is a CMS. It was originally developed by Torchbox, which is a UK-based agency, and they open sourced the project two and a half or three years ago. It's a Python, obviously. It runs on top of Django, and it comes with a bunch of features that make it very, very attractive for developers, and that's why I started using it. So as I said, it's been around for two and a half years, and it has already like a good user community. It's really easy to get involved, and it's been using around the world, not only by Torchbox, it's original creators, but agencies all over the world, people in the US. And it's been used a lot already in New Zealand and Australia. So there's a web agency called Springlot in Wellington. They're using it heavily, and there's another web agency in Australia. Take Flight that are using it. So it's been used by big websites like the New Zealand Festival or Red Cross, New Zealand Red Cross. Contributors all over the world, as I said. There are online demos that you can go and see, have a play with it. I wouldn't recommend it using it for really small sites. You can use Lector for that or maybe Flask, but if you really need heavy CMS that is going to be used by several users at the same time, you need a good workflow for your content editors and you need a good user experience at the same time. I would definitely recommend Wachtel. It comes with a bunch of things that are very useful from a development point of view. Really easy to plug with Elasticsearch, which is definitely a useful thing to have. You can plug your own template engine, Django templates, Jinja. It comes with a form builder as well. Excellent documentation. I guess because it's based on top of Django, they wanted to keep the same level of quality dog-wise. It's really good. It comes with an API package that uses the Django REST framework, which is awesome. You can share the content of your pages across any other applications that you have using that. That's really good. It can handle a good amount of pages. This example, more than 10,000 notes. This website is the one that I was showing you. This was developed by Springload, along with MasiYudi. This was scraping the flags from the government site. I'm creating one page for each flag using Wachtel, and it was awesome. Besides the product... Oh my God! Keep going, Jordi.  Like the Wachtel itself. You can see a good amount of users already. It's easy to stack in and to get stack in, sorry. Basically, I wanted to share my personal experience with this project, because it was the first one that I personally got involved with. There's usually an open source that you can get quite intimidated or you don't know how to contribute to something. This was a good example and a good experience, because the guys running the project are quite welcome. It was easy to contribute to it, and this led to my first contribution to Django that got merged like two weeks ago. Yay! This also led me to create the Wellington Wachtel CMS Meetup along with Springload. Yesterday, someone was doing a luscious talk saying, what if I'm not a native English speaker? Look, go ahead, do it, people are going to come. Now I get messages every week that when's the next meetup? So really, just go ahead and do it. Thanks. Thanks, Jordi. We know that the AV people should be not seen ideally. But everybody, please thank Ryan Verna for fixing everything during the middle of that talk. Yay, Ryan! Alex Hogue, if you can come and get mic'd up, please. In the meantime, Tim Penhay is going to tell us about push notifications. All right, so Tommy asked me if I was going to do a talk this year, and I was like, yeah, yeah, yeah, and never got around to submitting it properly. So this is my talk very shortly. So push notifications, we've got a start-up, and it's a Django app with Postgres database, and we've got users who have phones. And we want to notify them of changes. Let me see if I can just get that. All right, so we've got iPhone users, because for some reason they're popular. We've got Android users, and I don't really care if we have any other users because I'm not going to deal with their phones anyway. So we've created an iPhone and Android apps, and I actually use Xamarin Forms for that, so C-sharp, but we won't get into that here. So Apple has a thing called Apple Push Notification Service. It also has a sandbox version, which is the only thing you can do if you're not going through the app store.  So we wanted to notify our users of things that happen.  That will give you a token that identifies that phone. So that identifies the phone to the push service itself. Then what you need to do is tell your app about that token. So when the user logs into the app, we then go and get a token, and we know who the user is there, and so they then push that token up to our web page. So we have a page which you can send the tokens up to. So now we've got that token up on the web server. So what I'm using is salary for asynchronous task execution on the server, and there's a Python library called BOTTO, which allows us to talk to AWS services. AWS has got a service called the Simple Notification Service, and that abstracts nicely Apple and Google's end user endpoints. So what we do is we receive a call on the web server. We then create an asynchronous task to register that phone endpoint because AWS won't talk directly to those endpoints. You need to give them a token, and they give you a different token. So you've got your GCM token, you give it to them, and they'll give you an SNS token, and that's what you use to talk to SNS. So we then need to store that token against the user in our database, and we have someone that comes along and says, right, we're going to make a change on your system. So we want the user's going to, the system, the website, someone's busy doing stuff on it, and we want to send out notifications to our users. So let's say someone's cancelled a game because that's something that we're kind of like people who are supposed to be at the game to have their little phones go bing, right, and let them know something's going on. So we have, someone's edited the event, the event's being changed, we go, oh, so that view post initiates an asynchronous task to send off the push notification. Salary worker will then pick up that task, queries the database to find all the affected users. We then got all the affected users, we got all the SNS tokens for those users. We then constructed the wonderful SNS payload, and then we send that data to every token, and the phones go bing, and there were many, many, many issues, and maybe I should have done a real talk and we could have covered them, but I'm done. Fantastic, thank you very much, Tim. So Barry and Rob, you are up next to get mic'd up, though we only have one spare mic, so we'll figure out what to do with that. But first, Alex Hogue is going to present something I can't actually read as handwriting, so I'm sure it will be very interesting. Thanks, Alex. Thanks. Can you all hear me? Is this microphone happening? Okay, good.  So does anyone want to see a magic trick? Yeah? Okay, let's do it. So does anyone have three ropes that I can... Okay, it's all right, I bought some. It's fine. But like just in case, did someone put their hand up? Are these really organized ropes here? And you can just trust me that they're completely normal ropes, and so I'm just going to start the trick. No, no, I'm not. Can I get somebody to look at these and convince themselves they're normal? Anyone? Thank you. Time doesn't know what normal is. So take those ropes and look at them for as long as you like and convince yourself that they are not stretchy, that they are not magnetic, that they are not AWS Amazon cloud enabled. Make sure... And what's going on with the ends of the ropes? They are different lengths. All three of them are different lengths. One of them is very short, one's longer, and one's pretty long. Okay, that's good about the length, but what's going on with the ends of the rope? They are like little shoelaces. They've got tabs on the end. Yeah, they have... Yeah, I did sticky tape the ends of those ropes. Okay, are you convinced that they're regular ropes and not trick ropes? Sure, why not? Yes, I am convinced.  Now that you've looked at the ropes, could you say how you describe the lengths again? One's like half a meter, one's a bit shorter, and one's very short, like 10 centimeters. Okay, I was going to go for short, medium, and long, but look, that'll do. Some people can't handle it. Never ask a programmer. Some people can't handle it. They're like, how short are they? What are the lengths? That one's got sticky tape on it. People can't handle it. Anyway, for this trick, I'm going to make it look like they're all the same length. Obviously, they're all different lengths, because you saw them, but it's going to look like the same length. So it's a trick of the light optical illusion thing, I think. So you're going to have to tell me when they look the same length. So do they look the same length now? Say no. Good, you guys are getting good at this. You have to tell me if they start looking at the middle like this. Now do they look the same length? Yeah, they all look really short, but not like this, right? It's only good like that. What I do is I just stretch them and pull them like this. Does it now look the same length? Everyone's like, yeah. So look, if this trick is too confusing with three ropes, we can just do it with two ropes, that's fine. I'll keep this one in my pocket right here. If the trick is too confusing with two ropes, we can just do it with one long rope. That's okay as well. The thing about having one long rope is it has one middle and two ends. If you don't think about it too hard and please don't, then you can move the ends to be somewhere else. Stop thinking about it, don't do it. If you have magic hances, it's like me, then you can just cut the ropes and move back to two ropes where you started. But sometimes when you're doing your magic trick rope thing, here we go, you have your two ropes and you turn them into one long rope too far. Now you have just this thing and two little ends and the trick is ruined, you can't do it like this. So to get it to go back on, it's easy, you just massage it gently like this and it goes back on. You have to be gentle though. So if I want to do this trick again, I have to do the whole thing with magic hances and getting back to two ropes and now if I want to make them all look the same length, then they already do look the same length. So I need someone's help to do it. No pressure, but here, could you take this rope please and just tie it to the end of one of these. Any knot you want. Feel free to phone a friend with a knot if you want. Okay, whoa, Oscar's doing it by himself. What is that? Okay, yeah, sure, that's a knot, sure. Okay, so now you can see, my knot and Oscar's knot down here are the same length except for this one because of the knot but it's fine. And so to get them to be back from the beginning you just move the knot. You just go like that, don't think about it please and then when you undo it, here's the short one and here's the medium one and here's the long one. This Oscar. Thank you very much. Thank you very much, Alex. Thank you. Oh, thank you. Wait, we will have a spare mic hopefully. But first, Barry and Robert are going to tell us about sprinting. And their time has started. Check, one, two, okay. Yep, alright. So yeah, Barry and I are running CPython Development Sprints at Tommy's reprise tomorrow and we want to remind, not tomorrow, Monday. Well you guys should give a lightning talk because clearly we don't know how to work with internals and how to work with the code and the bug trackers and get patches up. So if you'd like to help make Python better you should be there on Monday and Tuesday and that's all I have. Well, you're too young. When you said talk loudly that's not what I thought. That's how enthusiastic I am about Sprints.  Okay, so for this sprint if you know C that's great you can dig into the CPython internals but don't feel like you have to because there's lots of Python in Python to do as well the standard library and so we'll talk about how to do how to clone the repos and look at the bugs and create patches and get a building on your machine sometimes a bit tricky and we've probably seen all the ways it fails I think. So I think you can pretty much do it. I know Linux we should be pretty comfortable with but we could probably do it on Mac as well. And I can solve Windows as well. You know I encourage you to come to the sprints because they're a lot of fun. Anything else? No. Thank you very much. I didn't know to check the conference details. Is there a limit to the number of people? That can... No. You said there was so... Yeah, okay so there is a limit to the number of people so if we go over the limit you can pay either Rob or I to get in. You can pay me. I don't say anything about what you get in. It's at the University of Otago and the details are on the NZPAC website. Yeah it's not here though it is somewhere else. It is somewhere else. At the University. I've said that three times. At the University. Where? At the Polytech. At the Polytech. Don't let me up front. So if you want to not sprint on C-Python on Monday and Tuesday show up at the University Campus and for those of you who are interested in learning a bit more about the internals of C-Python perhaps getting your first contribution landed go see Barry and Rob at Otago Polytech later on on Monday. So next on my list is somebody who's listed themselves as not Katie McLaughlin so if Graham could come and line up and in the meantime Jürgen Brandl is going to tell us some stuff. Hey. Can you hear me? Alright. So I just looked it up the Java programming language is 21 years old. Yeah. It can drink in the States and that's probably a good thing. Right. And Python? Anyone know? 24? 25. 25. 25 this year. Python is older than Java but for some inexplicable reason Java went all mainstream and everything. Python not. And I guess the reason is pretty clear Java had a big corporate sponsor behind it and still has and so anyway the rest is history as they say but I have a question here and I have actually a bunch of questions that's what I'm really here for and I wanted to know from you if I could just see a show of hands how many of you have learned Python in the last two years? Alright. And of those keep your hands up. Keep your hands up. Now keep your hands up if you have learned Python because of university or your employer, your work. Okay. So I think a bit more than half. Alright. Okay. Cool. Now let's go back a few more years. How many of you have learned Python around 10 years ago? Around 8 or older. Let's say 8 years or longer. 8 years longer. Yeah. Alright. Yeah. Okay. Okay. How many of you how many of those with hands up? Keep them up. How many of those did so because of uni or your work required it? That is less than half. That's less than half. So I think what we can see from this is that Python okay. I just said Python has gone mainstream in many ways. You can find job ads for Python developers and that just wasn't the case 5, 6, 10 years ago to such an extent. If large doggie companies like Cisco and Telcos and such if they can employ hoards of Python developers you know it has gone mainstream. But there used to be the time when Python was the hot new thing and you had to go to your organization which was doing C sharp or visual basic or Java or some other crappy thing and you have to tell them hey let's use Python for something because it's cool and it's great but what do we see here at this Python we have two talks by traders who want to talk about Rust and Golang the outrage. So my question is I will admit the fact that I work for a company which does Golang stuff as well. So my question is Python is not the new hotness anymore it's not the latest cool thing it's just a very well developed well established tool so have we seen the peak hype cycle for Python have you gone past it have we seen I don't know if we have seen peak Python enterprises still adopted but are we past the hype cycle are people are developers looking out for new languages new stuff what do you think who agrees who would agree with that who would agree with that Python really isn't the latest greatest anymore alright all of us out but yeah so I just wanted to just that was really my question here the rest of you still think that Python is the greatest thing out there greatest programming language don't want to learn anything else one minute you know we have another slot for lightning talks Tim you know what but hey I think that I'm really glad to hear this because I would love to keep working on Python so I'm encouraged to hear that there's still a lot of growth going on in Python alright anyway I was just what I was thinking about because I saw these other talks thank you thank you very much Jürgen so Ian Reeves if you can come and get mic'd up please wherever you are Ian are you around great so our next presentation is by not Katie McLaughlin who is presenting about not Tom Eastman and your time has started so hopefully you all here yesterday where you saw the talk you got a problem so so what happened yesterday we had Tom Easton and Katie McLaughlin did a talk of his so let's consider this in Python though so we have a class called Tom Easton who has a who I am I have returned to Tom Easton so we create an instance of Tom Easton and we print the result of that and we get Tom Easton okay we have a class for Katie McLaughlin same thing we're going to print out who am I and we're going to get Katie McLaughlin all looks good so far now Katie made the statement that she was not Tom Easton but is that actually correct if not Tom Easton we'll print not Tom Easton otherwise we'll print Tom Easton what's the answer Tom Easton so I don't think her statement's right so what about maybe she meant to compare this to the type and not the instance of Tom Easton so we'll go if not Tom Easton and the answer is no it's Tom Easton both of those fail because the only way that that can be correct is that it's you're comparing to none and we've actually compared to an instance and a type and so they're both always true okay so that's why it fails let's see what Graham has to say so maybe she meant this maybe if Katie McLaughlin is not Tom Easton is this going to work Katie is not Tom so yes maybe this is actually what she meant now just to make sure where our logic is correct is if Katie is not Katie what are we going to get well we get Katie's Katie so it's good we look like we're going fine now what though if science actually got cloning to work and we had more than one instance of Tom Easton we had a whole room full of Tom Easton's here the previous check worked because we were comparing the ID of the object of each one and so we were actually just looking at IDs so what we really want here is we actually want to compare to the type because it's a whole room of you where you want to know whether she's actually going to be not an instance of any of the Tom instance and so if not instances Katie of Tom Easton then Katie McLaughlin okay so it works good we're doing well so there what Katie was actually doing was she was actually being a proxy for Tom in some way she was pretending to be Tom so we can do this with wrapped because in wrapped we have an object called an object proxy so we can create an instance of Tom we then create an instance of Katie which has wrapping Tom as a proxy so we print out Tom Easton who am I is Tom Easton and Katie McLaughlin who am I Tom Easton so she was pretending to be Tom so what else can we do here is Katie McLaughlin an instance of Tom of type and the answer is Tom Easton so Katie is actually Tom I get this right I've knocked something up there okay going so this is yeah I've stopped something Katie of Tom no of Katie so Katie is Tom but let's make sure and Katie is an instance of a self and the answer is yes so Katie is actually both Tom and Katie at the same time when we use this proxy okay so how then do we know which is the real Katie okay in that case we need to look at the type so the type of Katie is Tom Easton and no it's not it's not Tom so the way we determine whether it is Katie is we look at the type so what do we learn that you have one minute okay no there's more than one way to skin the cat and this is where as a newbie to Python you can get a bit complicated in times in terms of when you need to use not equals or is or is not how to compare types and so there's always complexity around this so yeah so it can get messy when you're doing stuff with types especially do make sure you're using the right contract to compare things otherwise it can get become a mess so in the end who am I Graham Dumpleton I'm an instance and I am not an instance of either Tom or Katie okay true thank you I've always wanted to say this on stage Dumpoulton thanks for that Graham Tim Mitchell if you can come up and before that we have Ian Rees who is going to tell us about Python at the South Pole apparently the place is further south than here who knew it that's right and colder let's see sorry cool where is my mouse yeah how do we yeah trying to find the find the cursor left there we go sweet mirror displays cool so I should apologize that I was looking around for the source for this talking all I could find was this PDF this talk was made about 18 months ago for a pretty different pretty different audience it's obviously not working cool does this make it a little bit better okay cool yeah so instead of talking about the how or the what or the why we're talking about where so I I was really fortunate a couple years ago to get a job working for Ice Cube it's a neutrino telescope located at the South Pole so it's sort of a job that's kind of a mix between a bunch of different sort of sysadmin sort of programming bit of shoveling all sorts of random other jobs so Ice Cube is a neutrino detector that works basically by detecting Schroenkov radiation I don't really understand it but the idea is essentially that you bury a bunch of things that are like CRT TVs wired backwards in a bunch of ice and you can detect neutrinos so my buddy dog the second guy on this talk he's the physicist so this talk was a bit about our year at South Pole this is a bunch of stuff that's only really relevant if you want to get a job at South Pole it's a long way let's see this is not going could we get unplugged or rebugged there we go okay so you get to you get to South Pole by way of Christchurch most of the time so there's a basically a flight that takes you down to McMurdo Station it's for the south you can take a boat and then from there you take another plane to the South Pole flight cargo class which is kind of fun in the back of a C-130 with skis pretty cool plane McMurdo Station is kind of what people think about I think when they're thinking about Antarctica it's got penguins it's got animals water sometimes where in contrast South Pole is incredibly high and dry it's about 3,000 meters pretty much nothing there definitely nothing alive year on average temperature it's about negative what does it work out to be negative 50 something you see so we were doing computer work down there though Ice Cube gets a quite a bit of data from these from these what are they called the photomultiplier tubes about a terabyte a day which all gets stored on tape or at least when we were there all got stored on tape so I don't know how many folks are familiar with tape but that's LTO3 data tape hooks up with Ultra 320 scuzzy so it's kind of old stuff but it turns out that newer tapes don't really work down there due to problems with static that sort of thing so we in our winter we had some pretty severe problems with tapes this is my buddy Doug he's the other Ice Cube guy that was down there trying to sort out which tapes are good and bad that's quite interesting yeah so the same effect that drives the seasons in most of the world drives your sunrise and sunset at South Pole so that means that the sunset and sunrise are kind of kind of a big deal it gets a bit a bit too cold in the winter to fly airplanes you might have heard in the news what was it two or three months ago there was a winter medical evacuation from South Pole I think it was the third one that's ever happened does not sound like a fun time to me about nine months of the year no planes in or out so it's just you and 40 other crazy people just a little bit of fresh fruit fresh fruit gets brought down at the last so the last last big airplane at least so that doesn't last terribly long time let's see stuff we do down there the station is actually quite large we've got a gymnasium although you'll find that most people don't actually get to use that too much just because the elevation is such that you spend most of your time bent over breathing or trying to a lot of books a lot of movies a lot of really interesting and talented people the guys that are in this band on the top left are all other geeks we're out of time sorry sweet cool thank you very much so yeah thank you Ian that was cool so we're starting to actually run quite low on time we have five talks left in the list and probably only time for three of them we'll see how many we can get through if Mano Finlay-Smiths can come and can come and mic up that would be fantastic but first Tim Mitchell is going to tell us about Sequelite I have nothing okay my talks actually Sequelite and Unicode who thinks this is going to be a happy story two people but Unicode just works optimists optimists check my display settings again I've had these in between the years still technology displayed at the properties displayed at the property get them also this is 60 hertz this should be fine yeah should be right should be right should we try extending instead oh my god if he's talking you display extending it all no display okay so Python does Unicode Python has database that database is Sequelite and that database supports Unicode you can create text columns you can stick Unicode objects in them you get Unicode in your database you can pull it out however you can put Unicode in you can put Unicode out but if you try and do anything with Unicode and Sequelite oh dear so if you read the Sequelite documentation and you talk read up about case collation ASCII only so if you try and select lower a case column C you are still going to get all your uppercases A till there's anything that's not your bulk standard A to Z this was a huge pain point for us because we were just merely writing software and selling to England and Australia and the US then we started selling to Spanish and the people putting rock codes and with tillers and other accents and you know our Python code said they were the same our database said they weren't so that was our pain point however you read up on Sequelite documents you can build it with Unicode support that's awesome and you look at it and this is going to be really tricky and oh Unicode support doesn't support case folding okay oh there's Unicode you can build it with that if you're on Linux but we're on Windows okay we can build it hooray you've got it working hooray and it has a different case mapping table to Python oh okay however SQLite Connect database has allows you to create your own functions and your own collations so you simply connect to SQLite go create collation no case and you pass it in a function that takes two strings efficaces them and compares them okay so it makes your queries really slow in some instances because you're calling back into Python for every comparison but you can actually make SQLite do case folding exactly the same as Python and you can avoid a lot of pain by doing so thank you that's my talk thank you very much for that so let's see to mic up next we have David Dudson I think but first we have Meno who's going to tell us about iMap client I was hoping to just flip it up on the other screen yes yeah that's not a big deal that's definitely not working right it's easier said than done totally lost the window some reason it doesn't want to go don't trust a room for programmers to whistle on impromptu don't need it we'll just skip that alright yeah go for it good luck figuring out my window setup windowing setup anyway I'm talking about iMap client which is a project I maintain everybody know don't worry about it it's really an important does everybody know what iMap is I guess just about everyone will it gets an email from an email server you've got folders and all sorts of amazing stuff it's quite an old archaic sort of protocol which makes it really fun to work with if you've ever has anyone here tried to use iMap Lib in the standard library yeah did anyone enjoy it yeah iMap Lib is pretty crafty it's very low level it doesn't try to do very much for you which means that everybody who uses it ends up doing the same horrible hacks using regexes and string splitting and all sorts of horrible things so a long long long time ago I needed to deal with iMap and for the job I was working at and I started using iMap Lib and I realized this is terrible and there's nothing better out there so I started a project which ended up being iMap Client the big big wins when you're using iMap Client is you don't have to do all that horrible trickery splitting strings I was going to show some examples but hey the project doesn't work and the other really think nasty thing about iMap Lib is it doesn't really generate many exceptions so you end up having to after everything you do with the iMap server go and check did that work which is you know not very pythonic so iMap Client fixes all those kinds of things it deals with unicode properly now finally it works from python version 2.6 right up to 3.5 skipping some of the early freeze who cares about those and yeah it just makes your life a whole lot better so if you ever need to use iMap with python don't reach for iMap Lib reach for iMap Client that's it the website is iMapClient.freshview.com that's it well thanks for that man so unfortunately this next one is the last we have time for given the the time constraints I've been given so for those of you who submitted a lightning talk but didn't get a chance to present it I'm kind of sorry about that we might have time tomorrow I'm not sure David is going to be talking to us about git python we'll just use the it doesn't really matter we'll deal with it I'll just go anyway so can I get a quick show of hands as to who does not use python for their day-to-day development who actually uses something else and can you keep your hands up if you use git still lots of people and who uses python for command line tooling oh no one good oh sorry including the people that we're just talking about okay so what is git python well there's a it's basically just a library for interacting with git at the the pythonic level and it's very simple to use and we have problems such as the ones on the screen right now that we encounter on a day-to-day basis that we shouldn't really be thinking about they should just be working this is a lot simpler than something like a printer or you know any other like sonar servers or anything like this just simple white space simple naming conventions stuff that you can do through regexes stuff that you can do just by looking at a file you know checking your copyright notices have the right year on them that sort of stuff is so stupidly simple and half the time you don't think about it and bugs well not bugs but formatting tweaks slip through because at one time you get it wrong and when do you actually catch these issues most people I should mention don't catch them on commit unless you've seen it while you've been developing code reviewers might pick it up but it's not their job their job should not be to check that your white space is correct it should be that your code works and as it was intended and your static analysis tool might also pick this stuff up but chances are you're not going to be able to do that because your static analysis tool on every commit is going to take 24 to 48 hours before you actually check it and by then you're beyond that branch you've pushed out your code and things are going you know it's there you have to add another commit to change the formatting sort of stuff so here's some random example code for a really simple problem we just create the and then we just go through the commits and call our random function which you have to find at the top just to check for problems this is where it gets a little bit complicated because we're dealing with get and get deals with blobs and diffs and this sort of stuff so what we want to do is we want to diff two things together and we want to make sure we create a patch because this will actually show us the actual code and not just numbers and hashes and things like this and well diff index is the list type and we sort of iterate through them and we have to go through whether we're looking for modifications renames, additions, deletions this sort of stuff and we can filter all that stuff out and then we roll our own function to check for problems and we can get each sort of blob of your commits and see whether or not you've added problems or removed problems or you can do crazy stuff with it so I'm not going to write anything like this for the purposes of this Lightning talk but I'm just saying it's out there and what you should really do and what I have on my dead machine is I've set it up so it checks the blobs gets line numbers gives you the exact problem with the code with a line number and it's automated to an extent where you can automatically fix up the code by knowing exactly what's wrong and what line number and what file to make the rebase and fix up process by scanning the commit history to find the introductory commit and Python and then rebase that change in without touching anything on the command line and it's all just one command and you should always just exit on finding an issue if you're doing things through rebasing because this sort of stuff allows you to merge changes with other people's work for example it's broken you're formatting or copyright notice or whatever it is and you can instantly see that because your rebase will stop you can amend it and then continue on so where do you use this hooks commit hooks push hooks everywhere like this because you're doing very small regexy type stuff oh thanks for that David so that is basically all the time we have because we need to get to dinner everybody please give a round of applause to everyone who presented the lightning talk this evening


And the pitch to Yellich, hit in the air in the center, warning frack, get up, get out of here. Christian Yellich just first of the year at Ridley Field, shot to dead center for Christian Yellich. Two more runs are in, it's six, three brewers.


Ah yes, another Japanese song. I wonder if it will sound happy, but I have a depressing meaning behind it.  I love how my experience for Japanese music just keeps getting better and better. Like how could this song not hype you up? It sounds so badass. The fascinating synth, the pounding drums, the intense guitar, the intimidating versatile vocals from Ardo. Just the mix of everything makes this song so fierce and so angst. What I'm trying to say is, it sounds like an angry song. But from just reading the lyrics, the story of the song is quite unique for me. Like from this, I can assume Ardo is not happy. Ardo says bad things, Ardo makes me scared. Ardo can talk to me about her issues with society whilst I sit down and just listen to her speak. And this is because, the song lyrics criticize society's so-called common sense with Ardo speaking on behalf of the members of society with their dissatisfaction and anger with society. Um, so yeah. Ardo, mad, mad-o. This song got banned in nursery schools and kindergartens because children started saying the song lyrics when they talked.  This catchy, angsty, angry song has been stuck in my head ever since I first heard it. And it's great. It's been a while since this song has been this catchy for me.  Okay, okay, okay. I really love the song, but the music video is kind of lacking. Now, quickly hear me out. Even though it is still great to watch, it just felt like a visual novel to me. But I did come from K-pop where there is constant movement in the music videos. So that could be a big factor as to why I find this a bit lacking. But other than it just being still shots, the shots are still beautiful. I love the art style. The coloring is superb. And the story in this is just phenomenal. It's just lacking constant movement. And that's the only thing I dislike about this entire thing. I love this song a lot. It's basically my new hype song. And I'm having the time of my life when I listen to it. Thanks, Ardo, for releasing such a fierce bop for everyone to listen to, which has unique lyrics about society in Japan. But most people probably don't even know about the meaning behind the song. They only care about the... Yeah, that's all they care about.  But for every song, there's always gonna be a meaning even if it is beautiful, even if it is not. There's always a story behind the art. And that is what Ardo shared with everyone. A viral song that's got a lot of covers. A lot, a lot, a lot of covers. And I think it's awesome how so many people have made covers on this song because of how amazing it is. There has to be about a million covers. I have no idea. The only thing that I do know though is that my reaction to the song is for you on Patreon for just one New Zealand dollar a month. My reaction for you for all these videos will be available to you. I did not record for my year or so but you're racing into the night so there's no reaction for that. But from now on, all these videos will have a reaction and it'll be up on Patreon for you. And if you don't wanna do that which is completely fair enough, all you can do is just leave a like and subscribe. It'll help support me a lot. It'll put me on the algorithm and make me kind of more happy than what I already am. And it's kind of hard to beat that because of the motivating words and comments and all the support you guys have been giving me and that is gonna be hard to beat because you guys are already making me super happy. So how are you gonna do that, huh? But yeah, that's all for the video. I hope you did enjoy. And if you did, then definitely show some support by leaving a like. Comment down below your favorite part of, well, the song, you know? And also subscribe because next week there will be a K-pop for Noobs video coming for you Noobs. And I'm excited to make it actually. I got some good bangers that you guys are gonna enjoy. And yeah, other than that, I hope you all have a great day.  And yeah, other than that, peace.


Our next talk is Oliver Sauder, also a very good friend, and Oliver is the person that years ago started to talk to me about a new way to incorporate a project, whether it's a startup or an organization, in a way that is not, let's say, so heavily prescribing and constricting and predefined, let's say, a comparative, which a lot of people, especially in our culture, tend to orientate themselves to. But something that it's still conserving actually allow you much more creativity in terms of what kind of rules you want to embed in this organization, while having something that is also more, we're basically where the people that are actually producing value inside this organization, they are the one that also are owning the, let's say, the financial destiny of this organization. And we've been talking lately, especially in the last year, how this is something that is not only relevant for just any project, because it allow you to make something that is ethical, but also lean and easy as opening a normal game bay in Germany, that would be or a UGAY that would be in Germany, the kind of a limited company. But also how it's particularly relevant for collaborative ecosystems, like the one we are seeing emerging in the web tree domain. So we're actually organization needs to collaborate if they want to develop interoperable infrastructure. But the advantages are so much more. And I let Oliver to share his talk with us. And we can come back when it's done to have a little reflection together. So Oliver, the stage is all yours. Thank you very much. You can share your You can see the screen on full, right? We can see the screen in full and we can also Yes. Yeah, I'm Oliver. And I incorporated a company called World Brain with the Stuart ownership model. And maybe saying incorporation isn't maybe not the right term. The Stuart ownership in itself is a social contract that is like made between investors and team members, and primarily in how to reward people participating in the company or taking the risk. And if you like to also adding some governance structures, so a cooperative is in a way a Stuart owned company with very specific rules. But I'll come to why this is the case in a second. So if we're thinking about the problem of step of attention and data, we all know these examples of Facebook, like building this entire machinery to optimize targeting of ads to you and selling it off to third parties. So or you may some of you have seen the social dilemma, which like points out how these algorithms are optimized for sucking in your attention. And the root cause I don't see necessarily in like, not ballistic workers or the necessity to make profit. The root cause I see that the current investor reward models investors essentially have get more profits if the company makes more profits or grows in value. And there is really no cap on how much that can be. And in the end, what that means is that there's always a competition and a need a competition for social responsibility and a need for a company to build more exploitative algorithms, to build or incorporate business models that can neglect the externalities, the costs that are created in society in the environment, for example, too. So, except here, there are other unaccounted externalities. If there's constant competitive dynamic between the profits that the company gets, and the costs that it would occur in order to pay your workers better to improve your supply chain sustainability, or to adopt the business model that does not require to sell off data or build the most tension grabbing algorithms, they're out there. So there's what we want to figure out is a way of where can we give a company more social, more economic freedom for social responsibility. And it's actually, oh yeah, so one other issue is if you have kind of an optimization towards profit maximization over time, you will always end up with an immense amount of wealth and equality. And you cannot stop it because the rich have more means and less risk to invest more money. And then essentially over time it will just create this kind of wealth and equality. And interestingly, this is an interesting fact, factoid I found out, and where I'm still not sure where I see like cryptocurrencies really making those economies more decentralized because if we're looking, for example, on Bitcoin and the wealth distribution in Bitcoin, which is by the way, according to these lists and this data, one of the more decentralized, economically decentralized communities, we have the top 0.01% of the US owning 12% of the wealth in Bitcoin is 42%. Of course, there's also some whales or bigger exchanges that hold some of those wallets. But still, even if it's half, the amount of centralization of economic power has been at a really breakneck speed in this case. And what we hope for is that we figure out a way of, for example, the talks that Eugenie had in the past year about how can we tokenize student ownership and use the advantage of like the currencies becoming, having a force, being a force of decentralization by enabling more access to people that usually are locked out of financial markets and that can't go to buy stocks in the stock market. But still, we need to figure out how we not repeat the same uncapped investor returns that lead to the kind of maximization incentives in those communities. And weirdly, it's also quite an antithetical economic approach when you think about that the decentralization community wants to build more decentralization into an economy, but deploy economic reward mechanisms, speculation, mainly in this case, to hyper-centralize. It's something that I'm very wary about. And I hope we can have more of those conversations into crypto communities that effectively try to decentralize power. So what we want from an alternative model of rewarding investors is that extractive actors can turn into regenerative actors. And this means we also need to reduce the ability for executing on greed as much as possible. And what we also need here is that this alternative economic model has an economic freedom built in for social responsibility. So lower costs at higher costs and lower profits for the company does not necessarily mean lower return for investors. Then secondly, we also need a fair reward of effort. And this is what I believe is the great part about capitalism as we know it, is that it incentivizes people to actually do more and take risks. And this is what we need. We need to have a certain level of growth in order to progress forward and actually solve most of the challenges that we have right now. But the question that we never asked ourselves or that is not explicitly asked in the current capitalistic reward mechanisms is how much is actually enough? So how much is enough for the individual as to make profit, for the company to make profit? And this is what we never ask. And the third requirement that we need for an alternative economic reward model is that it doesn't need any or very little regulation. And the reason for that is simple, that as soon as you have regulation, people try to cheat it. So the more you can create incentive structures that intrinsically modulate the person to not to do well, the better you are in the end off because you don't need to regulate, you don't need to persecute the people who exploit the system. So yeah, how do we solve this? Essentially what we definitely need to figure out is a way of breaking this binary thinking where we're right now in the world where we think about capitalism is the only way or socialism is the only way to make very extreme comparison right now. And to get more into something like what is the best part from capitalism that we can use and what is the best part from socialism that we can use? So how do we take the incentives to grow to a certain level and combine it with the social responsibility that is at least baked into the values of socialist structures? And we end up with a model called steward ownership, what I thought was an investor reward model that protects your data and attention, or an investor reward model for a regenerative economy. And essentially the two principles that this model has is the first one, the company cannot be sold. There's no exit, there's no market that can optimize for growth, there's no market that can rip out the purpose of people running the company out of their hands. Like for example, if you are doing an IPO with your company, then essentially the market dictates from that point on what you as a leadership level will do.  Like if we think about that this is even baked into the legal structures, then profit maximization is the only way forward for those companies. So essentially this mode of corrupting the purpose of the company and corrupting the ability of the company to be socially responsible needs to be removed and that's what the first principle does. And the second principle is that the reward for investors and team members happens through a capped profit share. This is really important here. Like we need, again, we need a way of rewarding people who take risk and who spend an extraordinary amount of time into hopefully building something that makes a positive difference in hundreds of thousands to millions of people on this planet and they should be rewarded in a fair way. But again, through introducing a cap on that on that reward, you essentially ask this question, how much is actually enough? And how much is there? And on the example of our company, we raised so far about 400,000 euros and we still have 100% of our shares, which is amazing. And what we basically say to the 130,000 euros we got through investors is that their seed and pre-seed investments are coming at the higher risk. So they will get a six to eight X return out of these 130K, make it easier for the calculation 100K. So we have effectively debt to those investors of about 650,000, 700,000 euros. And what we do is we take 25% of our profits to pay back those investors. And what that means essentially is that after we deduct all of the expenses that we want to put into the growth of the company, deduct the expenses that go to investors and team members, we end up with three capital that suddenly can be reinvested without lowering the total returns of people. And this is really a game changer in the end, because it is exactly the kind of social responsibility that is enabled by not having a competitive relationship anymore between what the investor profits are and what the, let's say, society profits are by having a better supply chain or by the workers getting paid sick leave better or parental locations, et cetera. And this is also not something new. Like Stuart ownership has been around for over 100 years. And in its natural form, it's very related to the German Mittelstand, which is the middle class economy in Germany, where the, which is the bedrock of why Germany right now is such a solid and socially stable country. And if you think about companies that are like Stuart ownership has been more like prevalent until now in hardware domains like e-commerce or industry, but it's now slowly and steadily going into also online area. So for example, Mozilla as a Stuart ownership company, buffers, so Stuart ownership company, Ecosia and the older charge like John, John Lewis, the supermarket and Bosch and size and size actually invented it. So the guys who make the camera lenses on your phone and Bosch, a lot of people probably know. So in the end, what I feel what happens through Stuart ownership is actually, we're ending up in a win, win, win, or how the game be people call it an omnivin scenario, because in this case, everyone will. The company, for example, is you get people with more skin in the game because they know they will not work just for investors' interests. They also work for their own interests and for the, for their own ability to be profit profitable. The company actually also has, through that, a more long-term sustainability because everyone knows if we're not building a profitable company that actually makes sustainable revenue and it's not just optimizing for the next quarterly results, our likelihood that we're getting our money back at all and faster, like more speedy, is higher. The company has also more freedom because it doesn't need to obey to stock market's interests as soon as it goes on that level of like scale in the end. And also because it has less pressure to grow at all costs, which a lot of companies and a lot of startups actually suffer with after they raise their first money and then they become these kind of walking dead companies, which are kind of working and potentially profitable but are not interesting anymore for additional investors when they want to, for example, extend certain product lines, etc. And then they just become these walking dead, which is kind of sad. Like these are the companies that work and they support a lot of people and those companies have to make really difficult decisions that often kill those companies in the end. It also benefits a lot of people.  You actually have to have a conversation about, hey, what are your skills? What is your risk that you right now take? Where do you contribute? Where did you contribute? And how much time of your free time did you take? How much maybe less salary did you take in order to have a higher return based on the like actually putting in money into the company, etc. And so you have a multitude of aspects that you can take into account making the people at the end feeling much more valued to work at a student-owned company and working for a company that just optimizes for like company profits. And also the company takes care of them more because suddenly you have more like profits or like expenditures that can be taken to improve workers' lives. And in the end, everyone can still get very wealthy and should like if you build a company that actually helps millions of people, you should be rich. I don't care, but I don't see a point where you might be a billionaire like which is I feel not in relation in most cases to how much value someone generated in society. Somehow if I click, it doesn't sometimes doesn't switch. Okay, yeah, there's also benefits for investors. The student ownership model historically has shown that those companies have a six times higher survival rate than VC funded companies. And this is partly due to the fact that people actually with skin in the game with the interest to make it profitable much more likely like create a business that is profitable and that when it's profitable, it's much harder to kill or yeah, as opposed to a company that gets to a billion dollar valuation without making any profits and then falters because some competitor comes up. And also a benefit for the investor is in the end that through the six times higher survival rate, you create on an entire portfolio and almost equally competitive return rate than a regular VC or classic VC portfolio where you have only one out of 10 companies actually surviving. And also the profits that are made because they are returned gradually like I said before where the company pays back from its own profits pays back the depth that it has towards the investor. The investor also have has the ability to reinvest that money straight away and not only when the company has an exit or is again sold to another investor where they can sell their shares. The only reason here is brief I feel because you essentially remove through the cap you remove the ability for people being greedy. They might be able to optimize that they can get their profits back faster, but they cannot optimize for getting as much out of the company as possible. If you're generally interested how to implement steward ownership, there is a couple of ways. So again the principles are you cannot be sold and you cap the investor returns and so you have a lot of opportunities to do that differently. The simplest one is a plastic loan. It requires high trust and works with angels that have like that want to invest and you really know them because there's less legal ability for the investor to force you to pay a share of your profits for example. But for the beginning you can open a classic limited liability company or UG or GMBH whatever and then just use a loan no problem. The second one is a style of partnership which is a way of against the German construct so I don't know if how like how you can do that in other jurisdictions but a silent partnership is essentially giving the investor the rights to claim some of the profits the company makes on a legal on a legal basis and has also more transparency rights in terms of what the company does. Then the full model is the purpose model which is advocated by the purpose economy folks they're also in Berlin which essentially is you give a veto share to a foundation and the foundation has the only purpose to veto any sale of shares of the company or veto a strong deviation on the of the purpose that the company has right now as opposed to where it was founded. However again whatever kind of governance structure you implement is another thing like important is that you can use you can really make it solid to at least your company cannot be sold because of the this foundation backing or blocking this ability. And a bit more experimental this is something that Eugene and me have been talking about a lot how do you use for example a crypto token with a fixed re-buy rate that essentially allows for secondary market to occur but the secondary market would kind of create a tunnel of where profit can occur so someone that for example invested in the company 100k and should get back 500,000 when he sells it on a secondary market he's not able to sell it for 500,000 he's maybe able to sell it for 200,000 so that the person who invests has the ability to get the rest of the 300,000 euros as their profit out of the investment they make. Yeah but that's if you're interested in continuing this conversation you can write me at ollie at worldbrain.io but that's really early stages to think about this and to really marry those two worlds of again the advantages that crypto offers but also removing the what I believe are more toxic dynamics that we copied from the existing system that actually in my view is probably one of the reasons why bitcoin was created in the first place as one of the results of the exploitation of the current uncapped reward models. If you're generally interested in more resources to read about this you can go to worldbrain.io slash steward ownership to purposeeconomy.org zebraunite.com or read a book The Value of Everything by Mariana Mazzucato which is amazing book to understand or to dive into how do we have a future economy where we have the ability to put a value on contribution and where value is created in our society. Last thing if you want to change as an investor or a funder in any form consider investing in steward owned organizations and because the early stages of those companies is extremely difficult to raise money it was a pain for us to do so it was a lot of work that could be easier by more capital being available to companies that want to be more socially oriented but still be a for-profit company which we need we cannot just go with just non-profit or just for profit and if your team do everything to keep your equity and control if you can keep your equity try to keep control and control in such a way that you have the ability to change the reward mechanisms later don't get into the situation that you have that you either way veto rights to certain investors which happens a lot actually that actually would enable investors even in a minority stake to get you out of your founder or CEO or CFO or whatever position that you hold as a person running that company. Yeah I think there's one last slide let me check not very responsive sometimes. Yeah that's it. If you guys have any questions we can start with that now and I check in into the Q&A section. Yeah thank you Oliver I was checking let's see if somebody you still have some time I was checking for some reason the text on the Slido and the overlay to join the conversation didn't work but I'm also making something more long-term let me see so let me also add something more long-term because I see it on Slido people are also like asking if there is some more long-term conversation to have so I created this telegram group that you can just join I just created it so there's just me and Jacob but yeah we can just overlay and then people can we can repulse the talks when when when they get released by the VOC the the the technical infrastructure of the CCC that will physically cut and put an intro and outro into into the into our around our videos but yeah it's always exciting I really hope that this new way is also bringing more people that are actually struggling with like finding ways that are not as prescriptive and and sort of I mean I don't have anything against comparative per se but for instance in Italy which is the country where I come from that legal design is also used to do bad things you know to kind of exploit bluefall in funding and in like marginalizing the way some of the the way you treat your workforce so it's not all the good actually and in Germany I'm hearing a lot of complaints about certain kind of I would say yeah kind of constraints that the regulator puts on you oh yeah yeah like especially if you're a young organization a being a cooperative is not necessarily a good thing because you you immediately give out the governance control and I mean the legal governance control to a much bigger pool of people that have to be put in alignment before they can be effective and especially in the early stages you need to be very like fast moving as a company and be able to make decisions fast and especially if you've found an organization with usually years of prior thinking and experience as a founder you have some level of kind of thoroughness of thought tendentiously that that you need to be able to execute and that it's difficult if you run you run a cooperative and actually a friend of mine this happened to is that his cooperative got overtaken by a board that has been elected by the overarching community and that was completely incompetent in in in running this cooperative and in the end it faltered and went from a promising actually a promising role model of being a cooperative in first place and for a business model that worked to an organization that essentially is bankrupt right now and so yeah it's kind of tricky so yeah it's super exciting what we are seeing oh i'm muted yeah is your ask conference yeah i was muted on on zoom um but yeah um i think yeah it's super exciting what i'm also seeing um in the web tree space where there are um few players that are trying to basically reduce the complexity of interfacing with the legal requirements that you have in each geography and in each sort of um regulation framework depending it's if it's a different industry different geography and and sort of providing interfaces for just normal entrepreneurs to allow a much variety of stakeholders to uh to join the the share ownership and uh and the ownership in general um one example is is fair mint uh which they're doing great job in us canada i think now they're doing something um but yeah it's like on one side is like how you make it um let's say a legal or paralegal so something that is like not necessarily uh proactively regulated by by the regulator but something that can work around what is the current situation and rapidly evolve um in response to that um cool so we will bring the the channel in in pause uh oliver will also join us in the next days uh from for other events uh as a commentator and uh you'll treat with this brother timmy which is also gonna bring some fun to the channel i hope and um we go a little bit in pause for uh five minutes and uh we join with the next talk um so say with us bye folks


Wow Thank you for coming to see me talk about in dough. I am I am humbled you. I know you have a busy schedule My name is a good. I am the CEO and co-founder of Intel Savings Bank, and I am also a banker in recovery That was a joke. So in though is the first Challenger Bank and only I think only Challenger Bank out of Iceland and I am thrilled To stand here today and tell you about what we're all about and I want to introduce you to my friend This is in though So today I am going to talk about sort of the origins of in the where do we come from because it's an important Background to what it is that we're trying to achieve I'm also going to talk to you about where we are today and and a pretty obvious ending of where we are going it Can be said that the origins of in dough are in the last century So quickly my co-founder and I we were in the same class together in elementary school. It's a very small country This is a picture of an essay we did together and That hangs on our wall of fame at our offices Right next to our coffee machine and our banking license because we got a banking license in February In class We did projects together, so we know we work well together we play basketball in the schoolyard and Debated whether Juran Juran or wham was the better bank So this is the same time as stranger things happens We were young. We're still young, but most of you probably weren't even born That is also the last time before us When a banking license was granted in Iceland. It's in the late 80s So we knew we worked well together and then fast forward a little bit and We got swept up in the banking boom of the 2000s cheap funding high valuations Pretty much every person in Iceland to graduated from university started working for a bank and We were going to be the masters of the solar system We knew banking better than anybody This couldn't fail we had our then president describing us as the new Vikings look out world the Icelanders are coming Couldn't fail. This could not go wrong Only it did spectacular 2008 Things came to a halt the party ended as parties always do and then you have to clean up and That was a job that I had after the party. I was cleaning up But it wasn't only cleaning up Iceland itself was in a massive trouble because unemployment went up Interest rates went up People lost their savings Prizes ballooned and there were protests in the streets People hated bankers and they hated politicians We even set a Christmas tree on fire in the center of town so this was really serious stuff and Back in those days There was this idea that the banks needed to be resurrected. They needed to rise up again having learned a valuable lesson That's was my job and my co-founder's job for for a few years They did rise up Only exactly the same as they were before more boring More institutionalized more adverse to any change so we left To young middle-aged man had it for greener pastures, but we couldn't shake this idea that Well, the banks still need to change not only in Iceland, but pretty much all over So in 2018 we met in a coffee shop So what do you want to do when we grow up? remember we're still young and Then after about three or four espressos We had a very good idea or so we thought Let's build a bank. I Mean between us we have around 40 years of experience in running a bank and and we know how the business works I mean how hard can it be? We know the banks need to change if they don't change they will just go the way of the dinosaurs and they will die They will be pushed up So if we agree that there is room for a new bank, let's just build one Now it can be argued that this was a very very bad idea In fact when we started we got all kinds of comments You will never get a banking license. We just won't Because if you could it would already have been done Well, why shouldn't we get a banking license? We know how the business works. So we'll just go for it We know what it takes to build a bank So off we went and said well, we're not gonna listen to that Then we were told well if you do get a banking license, do you know how much it costs to run a bank? Yes, we do We worked there for a number of years and we know exactly how much it costs to run a bank But we also know that the banks are an epitome of inefficiencies They are expensive because they are just way way way too inefficient We also know how much it costs to run an efficient bank So we did not listen to that either then we were asked so why a bank What are you trying to achieve? I mean banks are arguably the most difficult companies in the world to create Surely you can do better than that. Surely you can do just start smaller and achieve what you want to achieve Well, no Because what we wanted to do we wanted to go right into the heart of banking We work there pretty much every department and we know what is the most valuable banking product out there Is the customer relationship with all of you the retail customers People with their salary account that is the single most valuable Component product of banking and if you want to go into heart of banking if you want to really capture that You have to be a bank There is no other way So the product that we are creating and have created is Your primary account. It's the new home for your money now what we are also thinking is You As a customer with money in your current account You are not source of funding because banks traditionally think of you as a source of funding To do stuff on the lending side, which is where the party is I've been to that party. I've cleaned up after it. I really do not want to go back into that kind of party So we are focusing on the current account making that experience the best experience we could possibly possibly generate But that's not enough So what kind of bank and all the product, but what are you going to be fair? transparent and fun and Why that because there was a huge survey done in Iceland in 2018 the government asked people Thousands of people if there was a new bank in Iceland, what would it represent in your mind? Fairness simplicity transparency fun That's what we all want in a company now.  Well, yes, you can and if you can't step aside and let somebody else be fun Because that's what the customer wants and the customer is always right Okay, but that's not all we need to have rates We need to have the rates on our accounts that just reflect this transparency and we do that by telling people What are we doing with your money? What what risk are we taking with your money? And you will be paid accordingly all kinds of hidden fees If if things don't cost us money, we're not gonna charge you for them. I mean that doesn't make any sense So we had this brilliant idea. This is what we're gonna do We're gonna go into this space and we are going to dominate The primary account market the most valuable product in all of banking anywhere But it would have been a very very short journey on our part if it had just been the two of us alone Now we know banking we know banking quite well actually But we know nothing about marketing and we know nothing about it and I think one of the most valuable lessons that I learned and Hopefully I can share with with others is that as a founder you need to know what you're good at That tends to be obvious But it's really really important to understand what you're not good at and try to get people to do that so We had a team of superheroes joining us Yes, we are a team of 13 people the 13 of us created and launched a new bank and These people they are driven by the same motivation and passion as we are and pretty soon We also had people joining us saying when can I open up an account? Hang on a bit. I need to build this thing first and then on and on until We said let's just listen to these thousands of people that are helping us out. They are telling us what they want in a bank Let's listen to them and let's let's use them to help make Indo better So we are the product development is done real time with our customers. I think this is a small market I know What are the odds that that we would start a company having done an essay and when we were 15 But the market cap of the Icelandic banks is about 5 billion euros and we are capturing 30% of the revenues through the products that we're developing. It's a huge massive market We haven't even launched yet. We are still in our beta We are invitation only but we have three and a half percent market share in the current account in Iceland think about it We haven't started and we have this market share and the customers. They love us our natural net promoter score 77 All the other banks are you know way in the negative numbers? So we know what we're doing. We're building this with our customers with our indones because they love what we're doing Why stop there?  I'm just you know the source of funding and nobody listens to me We're coming And it's not rocket science it's not Complicated it's like eating an elephant just one bite at a time But if it's rocket science don't listen to the naysayers We've we ignored them and just get the perfect crew and enjoy the ride Thank you