Then I'll go a bit quickly but what I'm doing is a quite simplistic approach to see if we can find an index that can help us not only say if a growth was pro-poor, but by how much. And first off I base my approach on a relative approach to pro-poor growth because here we've been discussing inclusiveness and I think the speakers before were talking about a relative approach to inclusiveness whereby the poor benefit is proportionally more than the non-poor and I think this is important to mention. So the increasingly recognition of inequality within development discourse I will not go through it because I'm pretty sure all of you are well aware. For me it's important to see that inequality is not anymore something that left is that red people would only defend but it's something that now it's mainstream because the negative effect it can have on growth, spells, length and poverty reduction rates and so on. When it comes to the terminology pro-poor growth this is evolving I wrote this a couple of years ago I was doing other things in between and in between pro-poor growth has stopped being fashionable now it's inclusive growth. So what I'll try to focus is on a very narrow definition which is mainly on the pro-poor growth concept there have been two main approaches one is the absolute one that Ravalli for instance used to defend I don't know what he thinks now but whereby any growth that reduces poverty is pro-poor while what I'm claiming together with much more famous people than me is that it should be called pro-poor even only if the poor grow faster than the non-poor and that would be the relative approach and I think this is a no brain actually because if a growing with the non-poor benefited more than the poor then you could also call it a pro non-poor growth would be the same definition that pro-poor growth which okay it's absurd so I will focus on the relative approach and that means that what I'm looking at is at a growth in which the poor benefits more disproportionately from growth and then using a sharply decomposition we can look at any change in poverty we can look at the growth component or the distribution or redistributional component that means any change in poverty you can attribute it to whether everybody the minimum went up or whether the distribution of income changed in favor of the poor so this is generalized by short rocks and from the shappity composition and then I look at I first look at what there was available in terms of propurness and there's several methodologies many of them are based graphic methodologies like the one we've seen on the growth incidence curve I think that's very useful but that doesn't give you a measure of by how much that pro-poor is or you may have an incidence curve that is slightly progressive or slightly regressive or that it does not allow you or that there is not a clear dominance on the previous situation which you wouldn't be able actually many cases to say that was pro-poor it wasn't so when it comes to indices that you can actually measure so far in the literature that I know at least the Quanian perniers and son have an index that is the I call it the Kaquani index but I did a consultancy for Honduras I tried to play this index to find out and then I realized that in fact well they have two definitions the first one when the per capita growth is positive second one when per capita growth is negative that means first that you have values that may not be comparable because these are two different formulas then you have that when changes in poverty due to growth aren't close to zero which sometimes happens especially if you have a population growth and economic growth that are the same then the mean income may not have increased actually in that case that shoots up to infinity in the case of per capita of negative per capita growth you would have that if you have that these two are equal but if the difference sign again you have infinity so how do you compare an index with itself when you have actually asymptotes in between and any values that are in principle quite that they cannot cure quite often so what I looked at is instead of getting a formula in which you have a division yeah I tried many different formulas yeah and at the end I thought that the the easiest one was okay if we are looking at how poverty changed because of distributional issues then we could actually just take the distributional component of changes in poverty and that what that tells you is how much poverty changed due to changes in the distribution in favor of the poor and I think it's a pretty simplistic definition and it actually works what I wanted to know is well okay then does this apply to any poverty measure so can I take the composition in any poverty measure and that will tell me always would measure in a good degree if the poor benefited more than the poor the answer is no I took the headcount index and and and actually you can think of a change and increase a general increase in the income in which no poor passed over the poverty line headcount is unaffected yeah and then you wouldn't this wouldn't show yeah and I see that for this case of the headcount index you could have actual distributional changes that would clearly affect poverty but it wouldn't show in the headcount index so what I did is I applied it to the poverty gap and in fact I was quite lucky to find that I wanted to see if if this distributional changes in the in the in the poverty gap would actually be related to the growth rate of the poor and that of the non-poor although you they have a problem because in the in the in time one you have a group of poor in time to you have a different group of poor so which one do you take and that's that's why I avoid taking the group at the beginning of the group at the end by doing the decomposition and for the case in which the number of people in society and the number of poor don't change and then then I can prove that this distributional company of changes in the poverty gap is proportional to the difference in per capita income of the whole society and that of the poor alone so what I'm saying with this is actually the definition that this index actually is really directly related to the growth difference between the poor and the non-poor but without being strictly that because then you have an identification you have problems of anonymity if you look at the poor at the beginning and the poor at the end they may not be the same no so then then everything that follows is straightforward yeah depending on whether the if the index which is the changes in the poverty gap because of distribution is negative that means that poverty gap decreases because of changes in the distribution and that's a proper growth or a pro non-poor growth because not everybody know non-poor is rich so very often we say pro rich but and then in the case of recession what you could have is that distributional changes have favored the poor or the non-poor even if it was a recession or it's harmed the poor less or the non-poor less and then I would call it an anti-poor anti-non-poor and from here one could actually establish a proper growth rates which could be the growth rates per capita and plus a factor of inequality aversion and so on but that's always a bit funny to introduce I think I'd rather think of a stand-alone index that can tell you how much pro how pro-poor growth was in that period and from here one could one could define some some indices to evaluate for instance you could think of given the growth over the last period how much pro-poorness or how much distributional changes would we have needed to achieve a certain poverty or poverty gap reduction goal like having it or eliminating the poverty gap or so on meaning I agree that growth is a necessary condition but not sufficient to reduce poverty and then this at least I could tell you how much effort you should be doing in the distributional site to contribute to poverty reduction and the same you could also and do the same a bit like as a goal for the future and say by 2030 we want to reduce poverty to so much counting on certain growth then we wouldn't need so much changes in the poverty gap because of distribution I'm not dealing on policies at all yeah so don't ask me on policies because if I knew that okay so here I applied the data to Honduras and just so that you show to show what one could get and get in the index at least what I managed is to classify each of the spells that I look at and then see if in this spell distributional changes were in favor of the poor or not and in the case of Honduras that so for the moderate and extreme poverty lines so you have that it was anti-poor and anti-poor contractions but they have pro non-poor pro non-poor in fact this is the only one that has progressive changes and it's actually it's after the hurricane meet hit Honduras so it's quite interesting the hurricane hit and in fact the poor were less affected than the non-poor which I don't know if that's very consistent but that's that's what it could be that the the rich lost more assets imagine or at least more quantifiable monetary assets and and this is just to have a look at the at the possible tools for evaluation and we could see that this the changes in distribution here were like 1.2 percent of what you would have needed to eliminate or to have the poverty gap and here that overall over this period 2004 2007 the changes in distribution that the poverty gap changes because of distribution were in the other way that they should have gone and they were of a magnitude of 30 percent of what you both needed to achieve the 2015 goal of halving the poverty gap so why am why am I claiming that this index is useful I'm claiming that it's easy to interpret this is distributional changes in the poverty gap any politician can understand that hopefully and it does measure growth it does measure it does measure how proper it is and it's really related to to a disproportional benefit for the poor so at least I can claim that for this definition this seems to work so what I'm what I'm doing now is calculate this for the whole world income service and hopefully in a few weeks or months I'll have this for all world countries and spells if possible that's a yeah that's it thanks thank you


When I point, just say the number I point at. One, one, two, two, four, three, one, two, four, five, one, two, four, six, eight, ten, five, six, twelve, seven, fourteen. Can we do it though? Can we do these? Twenty, forty, twenty-one, forty-two, twenty, forty-two, forty-four, forty-six, forty-eight, forty-five, fifty, fifty-two, twenty-two, twenty-six. Thank you. So if we can do that, let's look and see if we can use two times and four times. Two, four, two, four, eight, three, six, twelve, eight, fifty, five, ten, twenty, one, two, four, eight, twelve, sixteen, twenty, twenty-four, twenty-eight, thirty-two, thirty-six, forty, twenty, ten. Now some of you in year six know your four times. So let's see if it works here. Twenty, forty, eighty, twenty-one, forty-two, eighty-four, twenty-five, fifty, one hundred, one hundred, one hundred, twenty-four. All right. Twenty, forty, eighty, eighty-four, twenty, forty, eighty, eighty-four, eighty-seven, eighty-eight, eighty-eight, twenty-two, twenty-three, twenty-four, eighty-eight, ninety-two, eighty-two, eighty-four, eighty-eight, ninety-two, ninety-six, one hundred. Oh goodness. Watch where I go. One, five, two, twenty, ten, three, thirty, fifty-three, four, forty, twenty. We know our five times, don't we? Really well. Let's try this. Twelve, one hundred and twenty, sixty, forty, one hundred and forty, seventy-three, ten, one hundred, fifty-three, ten, one hundred and fifty-five, ten, one hundred and fifty, fifty-five, fifty-six, seventy-five, Now, just look here. What's that? Seventeen, what's that? One hundred and forty, forty, sixty, one hundred and sixty, eighty-seven, eighty-eight. Let's do this. Eighty-seven, seventy-five, seventy-seven, sixty-five, sixty-seven.


Keydrick put a scarlet letter in here just for me. Keydrick. Got like a little sun on it.  I would have been able to eat this in one sitting. Back when my metabolism worked. Get out of the way, get out of the way! I don't know, I meet some really crazy people on the train, I can't ignore them. Two of the train, episode 80, 89.3. We're featuring an actor today. And this was supposed to play the role of a slate and it worked. ["Wake Up"] Hi everybody, my name is Jonathan. This is Noodle and welcome to Tools of the Trade, the show where we explore the everyday tools of the trade that entrepreneurs need to get through their day. This week, we are going to be going through the Keydrick Solati box. Keydrick is a 17-year-old from Colorado who currently stars as Henry Jennings on the smash hit show, The Americans. He has also starred in the movie Rock Away that was directed by one of our previous School of Hustle and Tools of the Trade guests, John Boudin. And we're so excited to be able to share Keydrick's box because he is 17 years old and has already surpassed me in every way feasible. And there's something very humbling about that and there's also something deeply, deeply upsetting about that today. Good morning. Something I want you guys all to know about Noodle. When I adopted him at the age of seven, he had multiple dead teeth in his mouth and I ripped him all out. But ever since I did that, he has no way to kind of retract his tongue and to keep it there. So one of our funny little banters that we have is I'll ask him, I'll say, Noodle, put your tongue away. And he just doesn't listen. So the first item we have in the Keydrick box.   He plans. This is so much more than just a calendar. In the back, it's got a habit tracker, which I could start using to track my cholesterol intake. This is incredible for any entrepreneur in specifically for a 17 year old. When I was 17, I didn't know anything. I feel like I didn't know anything. I feel like I didn't know how to organize my time in any capacity. So for any entrepreneur, whether you're trying to get to a place where maybe it's something like you want to get up early and run every day. That's something that helps people set their day up. Well, or you're an actor and you have auditions that you need to write down. But this is a really cool useful item that I can see anyone really benefiting from having. It's also like Swab is a ham.  Can I see a sleeve? Prince of the past. The very next item we have in the Keydrick box is cooked white rice with stir-fried kimchi. I did not have a sophisticated palette when I was 17. When I was 17, I remember they still had that green ketchup. And then go back to me eating them with French fries, thus escalating my cholesterol. I've really been digging my grave for years now. But I think this is really cool because not only does it say that Keydrick is like fancy and fun, but it's obviously, it's on the go. Oh, this looks really good too. I've never had stir-fried kimchi before, but it's also supposed to be very good for you. Also, oh my God. Oh, speaking of kimchi, Keydrick, while you're watching this, I have a recommendation for you. First of all, great taste, this looks fabulous. Second of all, you have to watch an episode on Netflix called The Chef's Table. And it follows this woman. She's a monk in Korea. Did you know, have you watched this episode? I don't remember what the episode is called. She's a monk in Korea. And it's all about these absolutely prolific chefs and her whole thing, she doesn't have a restaurant. She cooks for her monastery. But she makes her own kimchi and the way that she does it and the way that people talk about it is absolutely captivating. So that's a recommendation for you. And I love the idea of having food on the go. This next item of that, of Skittles. So I am a Skittles person as well. This is an episode about truths. You guys have learned about my cholesterol and now you're gonna learn about my sugar intake. I am a Skittles person as well. Although I'm always savory. I always like salty things over sweet things. And I love this because this speaks to him being 17, he's so young and he's already achieved so much. And I feel like this is something that he just kind of keeps around cause they're good. There's no real utility to eating a Skittle outside of the air. Tasty and I deserve them. So I think any entrepreneur deserves the opportunity to reward themselves. Whatever you like. You can be healthy, you can take care of yourself. Obviously, he's eating white rice and kimchi, right? So he is not overindulging too far. I would have been able to eat this in one sitting. Back when my metabolism worked. Do you think he's riveted? He's absolutely riveted by the scale. Okay, the next thing we, it's just a red envelope. And Kedrick put a scarlet letter in here just for me. Kedrick, so when Kedrick was, he's 17. His mom goes to the place, right?  It was great to see their relationship because I feel like a lot of times when people think about a child actor, sometimes the connotation can be overworked, especially since he started when he was very young and you could just tell that he really, they really have an absolutely wonderful relationship.   It's important to have that support system. And I do, I think this is so sweet. In his, he says for his mom, because she's always given him great advice. And I wonder if she also advised him to buy an elephant-sized bag of skittles that I don't know about. Kedrick, that might've been a little deviation on your part. The next item we have in the box is, it's a decedent, silicked gel. It says to throw away on it. I know this isn't actually an item in the box, but he left it in there and I just had to have some fun with it. So we're just gonna discard this. However, I will say, if you ever buy a garment that says, it has one of these and it says, throw away, do not eat, I would advise you to do both of those things.  If I was an actor on a TV show, on Showtime, and I was successful at 17, you would not see me in a subway. I would be one of those people that'd be like, oh, I need an Uber. Oh no, I need an Uber. I'm an actor, oh my goodness. And Kedrick is just not one of those people. He's on the subway. And I also love this because it speaks to self-sufficiency in transportation. Any entrepreneur, whether they have their own helicopter, if they're there, or they're still kind of, you know, hustling and hoofing it, they have to be able to accommodate that. And I love this because you can't get anywhere in New York City without a subway card, because even if you do want to take an Uber, you're going to be sitting in traffic on the West Side Highway until you're late. But I do, I think this is an incredible thing and it's environmentally friendly.  That has to be it. He loves the environment. And he also is investing in the city. Though I will take this moment to say, MTA, you need to get your Uber. Okay, the next item. The next item is Airpods. Doot, doot, doot. Everyone has Airpods who we feature in these boxes. And my producer is in the room right now and I'm going to ask him, can you cover your ears right now? I'm stealing them. They're also stealing them back from me because you can enter to win this box and if you win it, you get the Airpods as well. So I definitely can take them. But I try every time. Headphones have been on the show many times before. Whether it's podcasting or music, zoning people out, tuning into a phone call, whatever it might be, these are such utility to having these. I've said this before, but my favorite thing to do with Airpods is to put them in and to not turn anything on so that when I'm on the subway and I'm reading a book and someone's like, get out of the room, get out of the way. I don't know, I really praise the people on the train. I can't ignore them. Noodle is my co-star and I would just like to point out that I don't believe he's pulling his weight this episode. Oh, he's, do you see that little twitching? He's dreaming. You know what he's doing in his dreams? He's running away from the producer because he stole Airpods. Okay, so the next, the next and the final item, the final item in the Kedric box is a zippy. This is brilliant. Noodle, you're sleeping so you can use a small blanket. I have a zippy with me. I keep it every where I go. It's at my desk, right? The temperature will fluctuate. Sometimes I'll walk into my office and it's a sauna and other times I'll walk into it. It's the Arctic. And when it's the Arctic in particular, I like to have my zippy with me. A lot of the reasons why people will go into business for themselves is so that they can kind of play by their own rules. You don't have to shirt and tie that line. You don't have to. You can say, you know what I'm gonna wear today? Bucklucks, Sophie shorts and zippy. Some of the most successful people I know do not care what their employees look like. And I kind of like that. I think more and more people are becoming less concerned with the optics of what people are putting out and it's more about what people are able to bring to the table. And that's it. That's it.  I can imagine that he didn't submit this as an item, but I will put it in here so that whoever wins this box will also get this here smally. That is the entire episode. Thank you guys so much for watching. I wanna thank Kedrick. I really am very inspired by the kinds of things that I saw in this box and the message that it sent in. I really hope you guys were as well. We are bringing this new episode to you every single week on Instagram TV and on YouTube. Thank you so much for watching. For Noodle, for myself, and on behalf of these massive, massive amounts of Skittles, thank you so much for watching and we'll see you next time. Thank you so much for watching. Please make sure to subscribe on YouTube if you did like watching this video and be sure to tune in next time. I'll see you guys in the next one. Bye.


Good morning and welcome to the Church of the Week video with me, David Madden. Today's date is Thursday the 5th of March 2020 and the time has just gone 10.07 GMT. And this week's Church of the Week is the US dollar versus the Japanese yen, the dollar yen. It's quite an interesting move in the last few weeks. So the big picture has been that dollar yen was enjoying a nice push to the upside between August and the middle of February. And then when the coronavirus crisis really took hold in Europe, the fear was this is going to be a global crisis, a pandemic. And then we saw a sharp move to the downside in dollar yen for two reasons. There was belief very quickly that the Federal Reserve were going to lower interest rates, which they did unexpectedly this week. But on top of that, the other side of the coin is that the Japanese yen is often deemed as a safe haven currency. So which means that if there's ever uncertainty in the financial markets, particularly stocks and shares, people tend to pour money into assets that are deemed lower risk such as the Japanese yen. So the dollar yen really sold off aggressively very, very quickly. We can see here that yesterday we fell to a level, we were hitting multi-month lows yesterday. Yesterday we fell to a level last seen in early October. There's a steady move to the downside. There's a steady increase in negative momentum. So the downward move has been confirmed by a steady increase in negative momentum. It seems to me that the bears are in control for the time being. If you do press on lower from here, we could be looking at targeting this zone here down around 106 spot 48. And if you go below that, we could be looking at targeting potentially the 106 area. And if you go below that, we could be looking at heading down towards this zone here down around 104 spot 63. There thereabouts. So these are potential areas of support should this kind of the recent bearish trend continue. On the flip side, if you do see a bit of a bounce back, we could encounter resistance in around this area here. This line, it comes into play at this particular line in at 108 spot 3. And we can see that that area was looking at the lows of late January on top of that. That line also broadly speaking kind of isn't too far away from the 200 a movie average, which is often seen as a decent kind of bench, you know, big benchmark or gauge. The markets below the tour, the average, it seemed to be weak. If it's above it, it seemed to be strong. So the fact that those two important metrics overlap could make this zone a fairly significant area. If you do get back above that, this area here, we could that could put us on path further up further against. And resistance might come into play at this blue line here at the fifth of the movie average. We can see that active as both, you know, resistance support and resistance on a few occasions in the last few weeks. So the metric has been important in the past. It makes it more likely it'll be important in the future, although there are no guarantees on that level comes into play. The fifth of the movie average in at 109 spot 43. Now, if you are going to be trading in the dollar yen or any of the dollar crosses, it's worth your while keeping an eye on what's going on on the end across the board. So if you take a look here, put together a quick watch list, dollar yen, apologies, sterling yen, euro yen, CAD yen, Aussie yen, you know, they're all lower. So it's quite clear that the Japanese yen is quite strong. If you take a quick look at sterling yen, we can see at the movement sterling yen has been not too dissimilar to the moves you've seen on dollar yen, whereby we've had an aggressive sell-off. We're back above it's to the movie average, but if you do manage to break lower here and we take off the recent lows, there could be a sign that we're in for further losses on sterling yen, which could put, which could see the sterling yen increases losses. And on this one, I'm talking about the sterling yen chart and yen crosses in general. It's because one of the tenets of Dow theory is that the averages must confirm each other. So what that essentially means is that if markets that are fairly similar or fairly correlated, if they're all moving in the same direction at the same time, you can be more confident that that move is going to continue. So if you're seeing sterling yen under pressure, you can be more confident that that move is going to continue. If you're seeing Euro yen, CAD yen, Aussie yen, and sterling yen all moving lower too. Now, before we go, if you are commutating dollar yen, it is worth noting today at 1330, we have the U.S. Jobless Claims at 1500 GMT, we have the U.S. Factory Orders, and tomorrow we have the all-important U.S. non-farm payroll support, which reminds me we're actually hosting a live webinar event tomorrow. A 1315 GMT, the figures will be released at 1330 GMT. So we are likely to see a lot of volatility in the financial markets and particularly the dollar yen currency cross. Thank you for listening. Have a good trading week and good luck.


So today people we check out this amazingly unique new sniper rifle It's known as the complex root and boy does it feel great to use Has it gone guys? My name's DP Gen today. I bring you another BR3 video If you do enjoy leaving a like it really helps me out and subscribe if you do well I see more so today guys we check out the complex root sniper rifle a Maliwan sniper rifle Your brain is a creative computer and that it is So this Maliwan sniper the complex root is like many of the Maliwan weapons in this game And has that standard trait of charge and fire We also know that this drops offering two of all elements the game offers also a Standard option and many Maliwan weapons in this game. So what's actually special about it? And why do I rate it so highly? Well, I rate it high because of how unique is and yeah Many unique offerings weapons in this game have and come with but this is not like anything We have seen before that I can remember So upon you shooting it and it consuming two ammo per shot an Impact or after a certain distance you see kind of creates a cage of deadly lasers Five plus it seems per two ammo These lasers bounce around a small area and trapping larger targets doing way more damage over time Then that damage number and a weapon card suggests Now when you hear a crit shot these lasers seem to spawn in tenfold Which you will witness in the game playing the background now now that damaged number on the stack card does vary with this Sniper rifle and the most powerful one I have had getting around that 13.5k mark Now for a long time I've always used to create a toa since it had that buff as my Basically my backup sniper if I ever needed a sniper This is what I'll go to now this complex route won't replace my cracker toa Well, that's because it works completely differently But I definitely feel this complex route would be a better option and a better weapon for enemies at less of a range The cracker toa for sure DPS wise can't be touched against bigger targets And just because of how quick it shoots and it's got crazy high damage that values But this I feel against multiple enemies grouped up against targets Which are smaller and harder to hit. I definitely feel this will benefit you more in those scenarios Now this sniper for me is on that line between a assault rifle and a sniper Traits of both rolled up into one for sure And I say this because when you run around with this and you can run around with this as I'm doing in the Background footage now and it can be a viable weapon You can't do this with many snipers in this game and for the most part and per single shot I feel what this thing offers is truly unique I mean it literally does if you hear a quick shot and everything's paired up and matched right It absolutely obliterates most targets and it just looks damn good seeing it too So this complex route is a world drop I first got my surprisingly out of a random chest But it's dedicated bust drop is none other than Lanny Dixon who can be found upon actual peaks The location to this enemy you can see on the screen now if you do want to go and farm this thing So my thoughts on the complex route an amazing new addition to the sniper rifle loop pool one that truly offers a Unique feel and one you will have fun with I do recommend you go get anything and testing it out No, it isn't the most powerful sniper in the game for DPS But it's definitely up there with the best weapons in this game to have fun with And on that note we have come to the end if you guys enjoyed the video leaving a like really helps out If you're new around here want to see more boardlands be sure to subscribe And if you never want to miss a video upload can turn notifications on by hitting that bell button Also, if you'd like to support me directly and become a member of my channel Do click that join button to learn more because thanks as always for stopping by hopefully you enjoyed video And hopefully I will see you on that next one


Hi everyone. Good morning. Today we are going to talk about instant access and how instant is providing a KYC verification platform using the hyper ledger technologies and bringing portability to the solution. I am Shobrat Radhaas, the VP of engineering at Instant and Alberto Leon, the lead SDK engineer will assist me on the technical deep dive about the solution. So we at Instant consider the digital customer onboarding is broken in today's world and I will explain why we say that. 40% or more good customers are rejected today's world due to a lot of reasons like vendor orchestration failures, automated system false positives, causing financial exclusion and this is predominant to the world where the users are more web 3 users the Zen Z, Zen Y, which new immigrants which has good financial access but they don't have the traditional way of proving their financial identity using a credit system or similar means. So Instant is actually in forefront of giving these empowering these users and bringing to their financial freedom. Instant actually taking a quite different and innovative approach to mitigate this problem instead of just providing API based service like many of the traditional provider in this segment Instant is providing a risk-based approach where it is taking the last liability and identification up to hundred million dollars to its customers and when we say that when instant taking the entire risk of fraud loss in unification based on the customer business and customer doesn't need to worry about the fraud loss they can focus on their core business instead of worrying about the fraud loss. Instant provides a managed service so instead of customers need to operate configure in number of different vendors being it a document verification vendor being into KYC vendor or any other sort of vendor instant manages all the vendors and provide a very simplified and smooth interface to the customer in a managed way so that customer doesn't need to worry about that and they can focus their core business and in that way it simplifies the integration. Also the other aspect of instant's innovation on the technology front is that instead of just providing an API based interface instant provide a SDK toolkit which aligns with customers core technology sits inside the customer's application and provides a lot of underlying information which instant uses using machine learning in the back end to provide innovative insight about the fraud risk of the customer user profile and this low code no code integration can be based on any technology that customer choose or prefer it can be iOS Android web technologies like Angular react or any other things and that provides a very low code no code solution with a single or few lines of code customers can able to integrate the instant system and reduce the complexity. Instant also innovate this one from the business model perspective that instant charges only for performance unlike any other operator in this segment instant doesn't operate based on a metered model that you the business as a business you need to pay for every transaction instant covers only for good transaction when you are able to onboard a customer after instant verifies the customer and that innovation provides a huge potential for the customers to reduce the cost in this system. So that is instant score platform which is called instant accept but on top of that now instant is collaborating with hyper ledger to provide a decentralized solution where the end users can own their identity instead of relying on the third party or any other vendors to own their identity and I'll talk about little bit about more about that that the core technology called self sovereign identity and this in this world there are issuers and verifiers and instant acts as a issuer of our credential or token which the end users can store in an instant and hyper ledger compliant wallet. Once they store the credential on the wallet they don't need to provide the same PII data again and again to every time they want to sign in to the same customers as well as there are interoperability so that this token or the credential can be used for similar compliant businesses who also signed up for instant access. This provides the portability and allow the end users to retain their identity. It also increases the privacy of the system because this is built on something very crucial which is called zero knowledge proof and this is akin to the system in real world in a sense that if you go and for you need to prove that you are an adult 18 years of old maybe you need to provide your driver's license but in digital world with this technology you can just give a binary answer which is called verifiable presentation and that's you don't need to provide all your PII data to prove a certain use cases. This technology is built on blockchain or distributed laser and that actually the core piece that negates the any central authority and thus improve the trust in the system as well as negates any cybersecurity risk and reduces that. So all these top things are built into this portable KYC solution which we are saying instant access which is built on top of instant core platform instant accept. So once instant onboard a customer from the lifetime of the customer that they can actually interact with the businesses using this portable solution KYC and then don't need to re-verify. This reduces the friction in the compliance this reduces the friction in the operation so that you forget your password you need to re-register again you don't need to go through those complex process customer care and all these things you as long as you have your credential in a compliant digital wallet you can use that to prove your credential from then on through its life cycle. So what instant access does on built on top of the hyper ledger toolchain instant access makes it easy for the businesses to transition from the traditional centralized onboarding process to a decentralized onboarding process and in this say customers actually have an option to give all or the segment of its customer base to onboard in a decentralized world and they can do it through configuration with few easy click and they can actually give that choice to the end users when they want to do that and the manifestation happens based on a QR code or a deep link and the end users have a choice to make the decision when they are comfortable to move depart from the centralized world to decentralized world. The instant access because it is compliant with hyper ledger technology stack there is a governance framework involved so the trust the businesses and the end users not only trusting instant solution they are also trusting the all the governance players that involved in this ecosystem including hyper ledger including sovereign foundation including trust over IP foundation and many other organization and Alberto my colleague will delve into more details on to these but on top of that instant also provides a standardized level of assurance which is based on the features our customers chooses so for example at the very minimal we provide a level of assurance third level of assurance but the customers can choose additional verification features like OTP or document verification to level up that assurance for their users if a customer doesn't want to use the interoperability aspect of this they can still use the passwordless login into their own ecosystem and many of the customers that instant works with have their product silos that they have many different onboarding across their product chain and this is the password less KYC actually a very good use case for the enterprises use within their product silos with that I will hand over to my colleague Alberto to deep dive on to the hyper ledger and the technology chain hello can you guys hear me morning guys Alberto here I'll talk about a little bit more about the the technical side of what we use a hyper ledger along with our product so thanks to Bhattra first of all he explained a little bit about instant access we do a sign-up process the KYC process and we'll show a little in a little minutes what that demo looks like but I just wanted to talk a little bit about decentralized identity first and how it's kind of you know evolving and progressing foundations like hyper ledger along with W3C which you know brought us HTTP HTTP and other famous protocols we use today and this newer internet era you know are working with decentralized technology as well their current working groups with hyper ledger W3C identity foundation and many other consortiums who are looking forward into you know creating these new protocols so I'll talk a little bit about the technology that's kind of based in decentralized identity of course we have the ledgers the blockchain which is the main core focus the central is I decentralized ID which represents you know any other ID were you know used to using except they have a common you know signature and some cryptography which we'll talk about in a second did come protocols which is the communication we that they that we use or between different actors within the ecosystem which we'll get into in a second as well verifiable credentials which represent you know this new way of you know representing yourself and your data and level of assurance of course and a JSON LD schema so if there's any developers out here if you're familiar with JSON the JSON LD is very something very similar is the format that we use for verifiable credentials so this is what the DID looks like the the ID for ledger technology basically these you have a schema a method and a specifier these are really cool because they work with ledgers and they are permanent resolve of moral and they are very persistent so this is what the DID architecture looks like you know the as you know a driver's license that you may hold in your wallet you're the controller of that driver's license there is a DID subject and there's a controller there's a DID document that contains information about that credential along with some cryptographical signatures and all of that stored in the verifiable data registry which basically represents the blockchain right and it could be it could be either other things too it doesn't have to be the blockchain but this is what we use currently for our product and we have the verifiable credentials of course these are the you know the new IDs you go holding your wallet and these you know have some certain data to them you have credential metadata you know some basic information about who holds that ID who controls that ID and other extra information we have claims which is the attributes to the ID you know like name phone number whatever it may be and the proofs the proofs is what makes this a little bit different to other credentials which contain signatures by the issuer and other important cryptographical information and the verifiable presentation is just an abstract part of verifiable credentials but this is what allows the users to just present certain type of information which will take a look in a second all right so what does a flow and the roles kind of go into the decentralized identity world well we're probably you know used to seeing you know the normal process of you know basically you know if you want to go buy a six pack of beer at the liquor store you would you know present your ID to confirm your age right so to get the driver's license for example your state ID you would have an issuer for example that will play the DMV and then the holder you know you're the person who actually holds the ID and then the verifier so the clerk would be the one that verifies your ID and all this kind of all connects to the verifiable data registry which is the blockchain so this is the new process that we're kind of working with Hyperledger and the tools which I'll get into a second so that's this is the really cool thing about it we're basically taking IDs and kind of putting them into the blockchain which makes it more frictionless for companies and also for users kind of are sure that their data is being protected so with Hyperledger we use three main components Hyperledger Indy Hyperledger Arius and Hyperledger Ursa Indy is what we use the framework we use to interact with the ledgers Hyperledger Arius is what we use to come to communicate with the different actors so between the issuer holder and verifier and Ursa which is the cryptographical framework that we use to decode and encode things so the great thing about Hyperledger is they provide these tools open source big community lots of developers and it's really easy to kind of leverage this into your project and at least coming from a developer's perspective this is really cool because these concepts are rather new and kind of unfamiliar to most developers and these these frameworks really help developers just basically not to be too familiar with the concept and just use the basic functions which is really great this is what the stack looked like at the very bottom we have the blockchain then next to it we have the Arius protocol which is the communication as I mentioned and then the crypto library which is Ursa which is to encode and decode things so the trust framework so we can talk about technology and we can talk about you know the different frameworks that we use to in order to kind of leverage a Web3 technologies but we also work with governance as well so this is what the trust framework work looks like so basically it's two pillars or one pillar will represent technology and the other pillar will represent governance so on one side we can talk about you know the blockchain but then we can talk about the governance of that blockchain right the rules and best practices for that blockchain and different users can subscribe to your own governance so the second layer would be you know how we communicate between the different actors the different you know subjects within the ecosystem and you know the governance framework would be you know who talks to who and how right so this is the different layers of what that represents so in other words we don't just want technology we also want governance right to make this even more perfect so with instant access and hyperledger we create this great synergy our product basically takes you through the onboarding KYC process of your customers but we add you know this extra layer of hyperledger blockchain which makes you know process very frictionless and even you know you guarantee security for your users and you know they're using Web3 technology so it's really great so for our product instant access once you sign up for our product you'll basically get access to a dashboard where you can configure what kind of liveliness check by your metrics you want to check with your end users when they're signing up for your product and then we have a wallet that we provide but doesn't necessarily need to have BR wallet we you can use any wallet and I will show you a quick demo what that looks like so this is Acme Bank Acme Bank is just a demo bank in order to kind of just show you guys what this looks like so Acme Bank basically you know you would sign up this could be very well your your kind of homepage where your users sign up to you'll kind of enter you know PI data basic data and from here you can't see our product but it's running in the back end you can configure this however you like we're gathering by your metrics we're scanning you know for bots we have AI models which kind of provide a way to facilitate whether this user is a bot we're checking that the same data isn't being you know sent various time within a certain amount of time frame we're also checking all the data about how how real this person is and we'll get to the end here well we'll see here we'll give be given the option to actually get a credential so here users once they sign up and they're logged in they get the credential just by clicking that this is the wallet we'll get the credential same data we just entered we will just validate that we have all the proper information here so we have some extra data expiry date these are the attributes or the claims that I mentioned before you'll get sent the VC by the issuer in this case is Acme Bank and this credential can be used to log in into the same bank so just go to log in you'll be provided the same button but this can be a QR code and that will open up the wallet again and then I'll say hey do you want to share this data with this with this company right and all you see here is the email and that's pretty much it and there you share the data and that will kind of frictionless which was something that my partner SD mentioned and have you signed in automatically so here the bigger picture is let's say you subscribe to the same governance other companies and this Apple Mart another demo e-commerce page and if this Apple Mart subscribe to the same governance technology you can easily you know sign up but instead of entering your PII data and the regular sign up data what you'll do is just scan the QR code it'll ask you know for you to share your data but since it's already been issued by a company like instant that's already validated me as a real user I can just simply share the credential with Apple Mart and that would automatically onboard me without going the regular through the regular PII process and sign up process and I'll leave this back to Subbatha to talk about the dashboard and he'll talk a little bit more about that thanks Alberto so Alberto just demonstrated how instant customers can leverage and open up the instant wallet and instant compliant wallet and provide the end users a credential which is backed by hyper ledger which is backed by decentralized technologies and prove them that they can actually own their own identity identities but as a customer the businesses can come to log in to instant dashboard and can still verify all the informations all the processes that instant provided and instant applied to verify that end user before they actually provided a credential and that manifested in the justification what are the positive positive aspect of that user that manifested the KYC aspect of the system document verification device manifestation biometrics behavior check and the machine learning model that instant is applied so in a summary that these are the benefits of the instant platform as a whole so you get the fraud loss in notification which is a business model shift that we are doing in the industry that as a business you don't need to worry about the fraud as a risk anymore instant is taking over the fraud loss in notification from you as a business not just a meter service it also provides the frictionless onboarding you get to choose a SDK of the technology choices from yours and integrate that with few loss and with the portable KYC it brings that frictionless communication to the end users and cut down the operational overhead and bring trust to the system it built on the open standard based on all the good things that hyper ledger and other organizations are doing that provides the openness of and trust into the system and it also we also provide additional account monitoring that we don't not only help the customers to onboard the end users we can also monitor the entire life cycle of the engagement of the end users with the customer with account monitoring which is our next product extension which is called instant verify so this is a case study where instant help the leading retail lender to drive 11 million fraud loss with to zero and eventually the entire amount of the revenue save was more than 24 million dollars for that customer so the road ahead we have the best product for instant access but there are more things to do so one thing is to establish a ITF governance framework across the KYC with bringing the other players into the market and have our interoperability standardization of the KYC level of assurance so that that can be interoperated within the industry as well as creating a digital services marketplace so that the end users can find the compliant businesses which actually provides instant access obviously more deeper partnership with OSS communities like Hyperledger is in our roadmap as well so more customers less friction zero fraud losses in minutes thanks everyone we can take any questions you have


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Welcome to Access a Trader, the number one community for those who are committed to taking control of their trading in order to achieve success, profitability, and longevity. Thank you for joining us. Here's Dan Shapiro to help you find your edge, master your process, and own your future. Hey guys, good to be here everybody. Welcome to another edition of the Access a Trader.com nightly update show. It's only Tuesday. For me it feels like a whole week has come, has gone. Last night, and again I have to apologize for my lack of enthusiasm for the rest of this video. Last night I just couldn't fall asleep and then I wanted to fell asleep, I woke up. So make a long story short, I've been up since a quarter to five today. Usually I wake up around 6.30, maybe seven o'clock, probably closer to seven o'clock. So rough, really, really rough. It's very, very hard to trade when you're not focused. The good thing is I have an unbelievable coffee maker and a lot of you guys have it as well. It's called an Nespresso machine. No, they're not paying me for this ad, but if you want to get jacked up all day, order a Nespresso machine. It will be good to go. So let's talk about the market. Q1, right? Q1, everything hit the fan, okay? We literally everything hit the fan. COVID started this monster wave of just uncertainty and illness and death and the economic halt and the worst market of all time. Four closures about to come. Student loans default. Everybody's unemployed.  This is the end of the world, right? Down 20% for the quarter and raise your hand, okay? Raise your hand if you thought that Q2 would completely erase every single loss that the S&P 500 had for Q1. Just absolutely astounding. I forgot the gentleman's name who actually tweeted out that stat. It's on my Twitter feed. So if you go on, you'll see who tweeted that out. It's an amazing stat. The first time since 1932, I believe he said that Q1, the S&P was down 20% only to make it back Q2, just ridiculous, just absolutely ridiculous. But again, this is what 2020 is.  It's the expect the unexpected. It's down is up and up is down and George Costanza is the ruler of this market. Again, nothing needs to make sense anymore. And the one thing that we kindly always talk about is the idea that the only thing that we can really trust are these charts. And last night, again, if you've even been following this broadcast just for the last couple of weeks, again, we just try to win the day's interval. That's it. We try to win the day. We're not trying to predict what happens. Obviously, we have an opinion. What's going to happen next day? We have a game plan to what's going to happen the next day. But until that plays out and gets confirmed, again, is just an opinion, just a game plan. Again, we're not trying to guess the closing prices. So yesterday, just to kind of rewind, again, the bears really dropped the ball. They confirmed the previous channel, right? They went lower phenomenal flushes yesterday. I don't think anybody could turn around and say there was phenomenal flushes in anything you tried yesterday on all beta names. Phenomenal job by really, really aggressive rock pole. But then the bulls did an equally better job in reclaiming this rise in support. And I basically said in last night's video, if you believe in most basic technical analysis and trust their mirroring process. Again, this closed yesterday, right? Look like this closed. Again, both reclaimed a rise in support. So the bias was to the upside today, right? And, you know, we talked about the names, you know, the Teslas of the world will get to that. And just to use the word unbelievable move is pretty much an understatement. But, you know, again, we talked about Tesla last night. You know, we talked about the macro levels for weeks, that 1020 level kept on getting rejected for weeks, for weeks, for weeks. And the same thing that we started seeing yesterday, right from a pre aggressive run up in shares of Tesla, which we started showing you yesterday from that sneaky 990 area that confirmed and did the right thing and kind of reclaim supply. You started seeing the same patterns. If you kind of go through and forgive the phone ringing as I record. But if you kind of go through these videos, you know, week after week after week, the stocks that really aggressively break out start seeing very, very aggressive option flow. And we started seeing that option flow about a week and a half ago, as Tesla was coming back from a pretty good run from that initial breakout from that nine. I think it was at that 835, that 835 initial breakout. So I had this really, really big run. So it was set up. Okay, it was set up today. A lot of names on the NASDAQ composite were kind of set up the same way. Again, we talked about basic technical analysis, inverted hammer is bearish, hammer, right is bullish. And we got the move today, right? We got the move today in the indexes. What was important about today's move was that the market actually opened up lower. And I turned around and I said, pre market, God, God, don't tell me we're going to roll over, right? Now that we actually reclaim supply, you're going to explain to me like I'm two years old and try to convince me. That we're going to roll over. So again, we let the market play out. Okay, when you have a plan, I've been saying this every single night. You have to let your thesis, you have to let your research from the night before tell you your role, right? To kind of look at a different direction. And today we would definitely buy buys. Okay, you'll quickly see just off the pivots today. Tesla obviously was the moonshot of all moonshots. Facebook had a great debt, dead cat bounce. Even beyond had a great dead cat bounce. The video went absolutely berserk today off of the micron really good earnings. Ironically, micron actually failed today at the top of the channel. We'll show you that in a second. But ultimately the bulls did a tremendous job. Just a really tremendous job. Not only today, not only yesterday defending the range, but they defended the range here and here and here and here. And this is all through Corona, Corona, Corona, economic damages. 45, 50 million people unemployed, just an unbelievable job for the bull nation. Okay, and again, nobody knows what the next quarter is going to bring. You can guess, you can have a theory, you can say whatever you want. Again, our opinions don't matter.   The reason why I'm very simplistic in my approach, because I know I'm not smarter than anything. This table has a much, much more common sense than I do. So I need data points. I need to collect as much data as possible to tell me I'm in the right direction, whether it's long, short or indifferent. But it's very, very important that I let the market play out. So the idea that anything can happen, the third quarter of the year is on the table. Can we go to all-time highs? Hell, it looks like we're going to go to all-time highs tomorrow. Can we turn around and completely start breaking down and go lower? Yes, yes, yes, on everything. Everything is on the table. Everything is on the table in the George Costanza. Nothing makes sense market. But again, as we've been saying for a long, long time, it doesn't need to make sense. Okay, I'm wrong. You're wrong. I'm dumb.   The smartest people in the world are the ones sitting on the sidelines trying to make excuses why they missed this 20% run-up. Again, it's much easier. I said this for a long time for a lot of these funds, much easier to raise money than to manage it properly. It's just the reality of the business. So if you look at going into tomorrow's session, again, this candle engulfed one, two, three days in a row, closed over the supply. And again, now we are, again, stone throws away of setting all-time highs. Again, testing this inverted hammer, this 251 level from last week. So kudos to the bulls. Job well done for the second quarter. Let's see you do it again. Right? Let's see you do it again. Again, long, short and different. As long as we're patient, we have an opinion. We don't deviate from our process. We don't prostitute our money. We're going to be okay. So let's talk about the market today. Just absolutely, just huge moves. I mean, really, really huge moves. They obviously, my trade of the day, everybody's trade of the day probably was Tesla, right? If you're probably on the feed. And I know NVIDIA did very, very well. And I know a lot of these names did incredibly well. But I think everybody's attention was on Tesla this morning. I forgot who it was who upgraded them. It wasn't a big upgrade. The upgrade was to like a nine. I don't even remember who it was. It was an Oppenheim. I don't even remember who it was. So somebody upgraded Tesla today. And if you remember yesterday, right? If you remember yesterday, there was a sneaky pivot right here, right? 990 needs to build. Okay. That was a big, big level. And the reason why 990 was a big level, it kind of got it out of this middle wedge that kept on hitting like week after week after week in the last couple of weeks and just kept on getting rejected. And any close yesterday above 990, right, was going to really start setting the thing off. And I have to say this much. I really have to say this much. Elon Musk and the folks on Tesla, okay, they are the leaders, hands down leaders of the most leaked emails in the history of the world, right? Most, most leaked emails that they lead the league, as we say, they lead the league in most emails.  I mean, there was nothing left to say still macro huge area. And we started seeing, you know, the market opened up Tesla opened up around 1007 1008. And this is kind of my point. What you're looking at here is flow out of it's the option scanner that I use. So we started seeing really, really early aggressive option call flow coming in very, very fast. Okay, so right off the open, okay, literally right off the open. And first of all, yesterday, somebody bought the 15, the July 1500 calls. So I thought right away, you know what, there's something brewing, right? Again, it's the prelude to the kiss.   And then you started seeing really aggressive call buying. I mean, one after another, after another, you started seeing the 1050s, the 1120s for next week, the 1150 weeklies, right? The 1080s, the 1100s, the 1150s, the 1170s, they were coming for the 1220s. And I laughed at this person. I said, dude, how much more do you want the stock at this point was up 8090 points. I'm like, you tell me, you want another 140 points out of this thing in the next 36 hours? So as I was laughing at this guy with the 1220 comes another guy right after him for next week's 1520 calls. Just ridiculous.  And again, Tesla just went nuts. Just went nuts. I got along a little before the 1020 because I saw that aggressive volume come in. Here's the 1020, right? Here's the 1020 that we've been talking about for weeks ever since June the 11th. So we're talking about three weeks, right? Three weeks of consolidation and it just went nuts. I mean, just absolutely nuts. I thought it was going to get to 1060. That was like my, I said, look, 1058, 1060, I think it gets there. I didn't think in my wildest dreams. And the reason why I said 1058, 1060, that was the linear regression line going into supply. There's no way on God's green earth that you think it was going to slice through supply like it wasn't there and trade literally to all time highs. I think if you look at the weekly chart, right? If you look at the weekly chart on Tesla, right? The weekly chart on Tesla. I just completely obliterated every little thing based on the call buyers for, you know, for the weekly charts for the guys, the guys that come in 1100, 1120, 1150, 1220s. Any dip tomorrow, any dip tomorrow into the rising 60-minute support, you need to buy this thing. There's no other way around it. You need to buy this thing even if it has a res date tomorrow. If that dip buy on 60-minute support after a monster breakout is high probability. So Tesla, right? Tesla. Tesla monster. Facebook, you know, really good solid snapback session, 20. And again, I only traded today. I traded today Facebook and I got along this NET. We'll talk about N18 in a second, which I'm still long overnight. I'm just a little intrigued by it. Facebook, 2080, 21 needs to build. Facebook, you know, went nuts. Actually had a really, really big move. So here's the 2080, right? Here's the 2080. Completely went through it. Just had a really big move here to 227. If you did trade Facebook today, congratulations. FSLY never got down to 76. INSG, complete dud. 1180, 12 needs to build. I think it only went to like 12 and change, right? It went to like 12, 10 and just completely died on a vine. So nothing there. MU, which is so ironic is MU is the reason why NVIDIA sparked. We'll talk about that in a second. It failed. It kept on getting rejected at 5240s. It got rejected literally three times before it sold off a couple of bucks. Again, ironically, because of MU, which stalled out, NVIDIA actually had a monster day. 373 needs to build on NVIDIA. Here was NVIDIA, right? So here's a 373, just absolutely went nuts. You know, went nuts, put up a $78 candle in the first 15 minutes or so. Big, big move. Facebook, take on the way up. Take on the way up. Even beyond. Even beyond actually had a trade. 134.50, 134.75 needs to build for, you know, quickly for a DebtCat bounce. Here was BYND, right? So here was BYND right over here, right here. Here's the 134.50, 134.75 area. Actually had a nice decent pop to 36.60s. And then again, just died on a vine as well. But again, DebtCat means DebtCat. DebtCat doesn't mean breakout. DebtCat doesn't mean confirming channel. DebtCat means oversold challenge of bounce. So this was a very interesting play. And I haven't been really taking a lot of inventory. But I took this one overnight. 35.90, 36.60 needs to build. We started seeing really aggressive call buying for the next couple of weeks, right? I mean, they were just going one after another, after another, after another, after another. They were literally coming for the 40s. I'm long at 35.94 average at the end of the day. I'm literally up a penny. I'm up a penny on the close. Not bad for five hours work. So I'm kind of intrigued. I'm going to use today's low as my stop. So I'm basically risking about a buck in the trade. Technically, it actually needs a little bit better prices. Technically, it really needs to start getting above that 37 to really go. But again, this was at least the first good step that it reclaimed the five-day moving average. So again, we'll see what happens. I'll risk a buck in the trade. So net, I'm still in there. Again, what are you going to say? Best stock ever on the video? A monster move today? Good job by Brett. And again, we were laughing, but 11.50 call buyers just going nuts. Tesla, yeah, this was my point. I go last supply, 10.58, 10.60. They're going pretty aggressive there as well. And then I start joking around. I go, well, today was interesting. And again, I say that joking around because again, you can't predict aggression. You can predict bias, right? You can predict bias. You can have an opinion of what's going to happen in the indexes. You can have all that stuff. Nobody in their right mind can turn around and say, well, you know what? Today's the day that Tesla's going to break out. Not only is it going to break out today. They're going to be buying $200 out of the money calls with, you know, two days left in expiration. And oh, by the way, it's going to have this master move. But again, I know a lot of you guys did very, very well. Obviously, today was definitely the trade of the day for me as well on Tesla. And I think going into tomorrow, you know, I'm bullish. You know, I'm definitely bullish on the cues. Again, I think the bears did a terrible job yesterday. Not only not, you know, really finishing the bulls off after this magic run, but, you know, they let the bulls really reclaim daily supply and daily support. And that was a big, big kind of green light for the bulls. And obviously 200 point gap, 200 point run up today on the Dow. More important, 200 point gap up today in the NASDAQ composite. And that's kind of where we make our home. So guys, have a great night, everybody. I know a lot of you guys have runners on Tesla overnight. We'll see. You know, we'll see if those 1150, 1200 guys get paid. Right, guys? Have a great night, everybody. Enjoy yourself.  I just had no sleep. So if you are emailing me today after nine o'clock, I'm going to, I need rest. You know, I need rest. I woke up way too early today. Unfortunately, didn't get any good night's sleep. So I could be fresh for tomorrow. So guys, have a great night, everybody. God bless. I love you all. And I'll see you on the field tomorrow. Congratulations for putting in the time to take control of your trading. You're one step closer to owning your future and achieving the success you desire. Want daily trade ideas directly from Dan? Straight off his personal watch list? Unlock our free PS60 vault where you'll get nightly updates on pivot opportunities we're watching for the next day's session. Click the link in the description to get started today.


Okay, is this anyone's first time in Austin? All right. My first time in Austin, I live in Raleigh now, I lived here for a year last year, but my very first time here was in 1990. I was going to KU in Lawrence, Kansas, and I took a spring break down here, and so a few months later I dropped out of KU and I moved here, and I took some time off of school and saw a lot of bands. Eventually I transferred back into UT and eventually I graduated from UT. So it's been really fun for me also to be back here, and if you haven't explored campus yet, I encourage you to walk around. I have a little hole in the wall, sign up there, and the hole in the wall is right across the street from the university, and if you haven't been there, it's been around since the early 70s and had my graduation party there, but a lot of bands got started there. So it's a cool place to stop by and check out if you haven't been there yet. It's got a lot of Austin history and music history. So who's wondering why I would be speaking at DjangoCon if I'm not involved with Django? Yeah, okay, that's a legitimate question, but I am kind of connected to Django, and it's a funny story. So as Jeff mentioned, my career started at Sisatman Magazine. After I graduated from UT, I moved back to Lawrence, Kansas. And I got a job at a tech publishing company and customer service. And after a few months, I transferred over to my first job in publishing. And Sisatman's not around anymore. And sadly, this is about the only sign of it I could find online, the magazine. It's unfortunate because it was an exceptional magazine, and I'm really proud to have gotten my start there, even if it was by accident. It's what introduced me to Linux, and it was just the Journal for Unix Sisatmans, and then once Linux started getting big, we expanded our coverage for Linux admins also. And some of the relationships I have all these years later, date back to the very beginning of my career. And so I want to talk about doing what you like to do for a long time with a diverse group of people that you like working with, and who like working with you, which is also an important part of this. So Frank Wiles is right up here. And this is an example of somebody I've ended up working with for a very long time, he wrote back for us back in 2003. I couldn't find archives from Sisatmans, but I could find a newsletter online, which is really weird. But so this is a newsletter I sent out in 2003, promoting an article that Frank wrote for us. And so I was at Sisatmans for about ten years. And then I moved over, a German company was expanding and wanted to open an office in Lawrence, Kansas. And so I helped them open that office, and I was an editor of Linux Pro Magazine, which is still around, and they have since launched several other magazines. I'm going to use their magazine and Admin Magazine. A lot of the writers from Sisatmans still contribute to Admin Magazine. And so the Journal World wrote an article about this, what was it, 2007. Is anyone familiar with the Journal World? Or the World Company? Right, see, you're seeing where it's all coming together now. So as I'm traveling the country and going to conferences talking about Linux Pro Magazine and Linux Media and how we have an office in Lawrence now, I kept hearing, that's where Jing goes from. And Jing was not even officially released yet, it's a project, right? And so this was really weird that we kept hearing this from people in San Francisco, international people who were here at events. It was very strange to be hearing about this already. And so when I got back home, I was like, hey, Frank, can you write an article about this Jango that I keep hearing about? And so he did and he submitted the article and he probably submitted it about August 2008 because in publishing for print, you submit it and then several weeks before it goes through printing. And then it hit new stands in September in Europe because we were international and they got printed over in Europe. And so I called it French Free, that was my idea for the title. So I thought it was clever. So it didn't hit over here in the States until October. But so it's hitting in Europe in September right as Jango one gets released. So that was kind of cool. So yay, ten years later, Jango, happy anniversary. So here we are, ten years later and 19 years after I graduated from UT and 18 years after I started my career in tech. And I'm happy to say that Frank has even contributed to the project I'm on now, opensource.com. And I encourage everyone to do that. I like these long-term relationships and hearing about cool new projects. So anyway, back to my talk. What inspired this talk? I wasn't able to attend PyCon, but being from Lawrence, I know a lot of the people involved in PyCon projects and Jango. And so I was watching some of the YouTube videos that came out of PyCon. And I saw Jacob's keynote. And I really liked it. I thought it was cool how he was able to tie in the Rockstar developer myth. And if you haven't seen the talk yet, I really encourage it. He talked about how what we need is more average developers. And the idea of a Rockstar developer is very limiting. And he also managed to tie in trail running, which I thought was cool. Because we used to run together also. But so anyway, that inspired this talk. And if you're not familiar with the whole concept of Rockstar developer, I know many of you are, but I know we also have some newer people here. It has been a pet peeve of mine for a long time. And I've given talks about recruiting at other conferences and how we have to get rid of this idea of recruiting for a Rockstar developer. Here's one of the bazillion articles that you'll find online, which recruiters apparently don't read these. But this one was interesting because Scott writes, it sets an unreasonable expectation for regular folks. Calling out Rockstars demotivates the team and telling someone that their Rockstar may cause them to actually believe it. And one of the many reasons I have a problem with this whole idea of a Rockstar is it takes a lot of people behind the scenes. As an editor, as a publisher, I often got credit for the magazine. And I was the one that just kind of plugged in holes. There were a whole bunch of people that actually did the heavy lifting, like writing the articles and editing and doing art and getting it to the printer and all of that. So same thing with this idea of a Rockstar developer. And so if you want to increase diversity, as Jacob was talking in his keynote, this is one of the many things that you can do is eliminate these limiting terms that clearly when I read this, I mean, people see different things when they see Rockstar developer, but I'm seeing young white male. And I think a lot of people probably see that. And also I like a lot of country, so I might not relate to this. And a lot of people have no desire to be a Rockstar. When I see a recruiter that talks about beer in the kitchen, I personally don't work well after I've had drinks during the day. And so that's not a big motivating factor for me to apply for a company. There was a keg in the kitchen. So when I was looking a little bit more about what people have said about Rockstar developers, Nathan Hearst wrote on Hirelight. He wrote an article about what developers think when you say Rockstar. And he also, he posted a question on Hacker News and asked developers, what do you think when you see Rockstar in ads? And he got some pretty funny comments. Like this one? I said, yeah, I like that one. If by Rockstar you mean someone that parties all night, comes in late and hung over, has weird contractual demands and trashes hotel rooms on business trips, then yes, I guess I'm a Rockstar. When do I start?  And one of the comments that was kind of funny, somebody actually wrote to the recruiter and said, what do you mean by Rockstar? And she wrote back, I'm sorry, I meant Ninja. So this is from the article. He said, next time you're thinking about saying Rockstar, Ninja, Guru, et cetera, in your job post, consider it a sign that you have more thinking to do about your hiring requirements.  It's just lazy. It doesn't say anything. To me, when I see that, I'm thinking this must be an intern who wrote this or somebody who has no idea what they're recruiting for. Doesn't understand the technology perhaps or the business if this is what they're doing. So obviously it would make more sense to say, what do you want me to be able to do? What level of experience are you hunting for? What am I supposed to know? What do I need to be really an expert in and somewhat competent in? What can I just pick up really fast on the job? But more importantly, I'm at the position of my career where I want to know what you have to offer me. What's your company like? What's your culture like? What am I going to like about the project? So that's going to make more sense when you're recruiting and you want diversity. So back to Jacob's talk. I have ADD. People who have ADD, it's not that they're not listening to you. As I'm watching his Picon talk, I'm five steps ahead because he's not talking fast enough as far as I'm concerned. And so I'm thinking steps ahead. And I'm thinking, I've leapt past his talk. And I'm thinking about Django Reinhardt, which is where Django gets his name. And I like Django Reinhardt if you haven't listened to him. I encourage you to. It's wonderful gypsy jazz music. It never goes out of style. But here's where Willie Nelson comes in. Django Reinhardt is one of his biggest musical influences. So I go from Jacob's talk at Picon right into a Willie Nelson moment. And it all happened really fast. And so I went home. And like you do, I pulled out all my records. And I started playing Willie Nelson records after work. And if you're not familiar, the flat ones are albums, LPs. And the little ones, they're cassette. They play on much bigger devices than you're used to now. The cat was, I did not place her. If anyone's got a cat, they place themselves all in your business. And that's what happened there, but that's Buffy. So that's what I was doing when I got home. And I started listening to records, watching YouTube videos, and thinking about Willie Nelson developers as opposed to a Rockstar developer. And so I wrote that article in eight ways. Developers could be more like Willie Nelson. And I thought about lessons that Willie Nelson has for developers. And I'm not going to go through all eight here, but I have a few. And one of them is that he helps others succeed. He actually wrote his first song when he was about seven. And he didn't make it big until the 60s or 70s. So if you've been doing this for a few decades, don't worry, you still could get really big and get a good paint job at some point. So he worked behind the scenes quite a bit at first. He was a disc jockey. He played bass in Ray Price's band, who I saw in Austin in college. He was excellent. Rest in peace. And he's written a lot of songs that other people made famous. He wrote Crazy, which is Patsy Klein's probably biggest hit, right? And he wrote songs that Roy Orbison and 50 billion together people have recorded. And then I think that all of us, not just developers, should constantly be learning new skills. Willie Nelson, I think he's 81 now. 81 or 82, but I think he's 81. And he got his fifth degree black belt to celebrate his 80th birthday. So this is pretty recent. He's just awesome. He's constantly learning new skills. He's, in addition to recording and writing music, he has dabbled on TV. I believe he was on episode of Dukes of Hazzard. He's been on the Colbert Christmas or Hanukkah special, whatever it was.   And then I also think that, regardless of how far you are in your career, you should be accessible to a wide range of people. And so as Willie records with a range of people relatively new in the field. And then he just released an album recently. I think it's with Merle Haggard and where they do Django Reinhardt songs and Jimmy Rogers songs. And then I've seen him play in a rodeo type situation, a county fair. And then I've seen him play in a really fancy, very expensive theater. I got free tickets, so I wouldn't have been there. And I saw him play in Liberty Hall, which is a cool historic theater in Lawrence, Kansas. And it's the only time I've ever stood in line for tickets. But they are only about 30 bucks, so it was affordable. And so I think that's a big lesson for anybody who's working in open source that it's very important to be thinking about helping new people, in addition to working with people that you know and like and have worked with for a long time. And that helps keep it all fresh also. And so he also uses the best tool for the job. The guitar he plays, he's had since 1959, I believe. And 59 or 69. Anyway, he paid 50 bucks for it. And it's a classical guitar. It's not meant to be played with a pick, and that's why it has a giant hole in it. If you've ever seen him play, I cropped that there, I guess. And he's had it patched repeatedly. And he was inspired to do this from Django Reinhardt. See how I'm tying it all together? Because that's what Django Reinhardt plays. And so that's not normally what you hear in country music, but he gets this unique sound out of it that he really likes. And so he has stuck with it and used it in an innovative way. So think about that the next time you're at an open source or a Linux event and you see people with Macs. Because I used to bring a Mac to events, and I would get grief once in a while.  You're allowed to use multiple operating systems. You don't have to just print or online as your favorite. You can subscribe to Magazine and read online publications. You're allowed to do this. Right? Thank you. And I also think it's important to lead. And like I said, he's perfectly comfortable working in background roles. He still records on other people's albums. But he's also a leader, and he really sets the tone for his band. I know somebody who works with him who calls him St. Willie because he's so delightful to work with. But leaders, I know some people in our field are really uncomfortable being in front of people, or maybe talking on stage, or they don't want to lead a team. But you can lead by answering questions in IRC. You can lead by welcoming newcomers to your event. You can lead by helping organize events or attending a meetup and participating. So there are many ways you can be a leader in open source. You don't have to be in front on guitar. This is not a picture of William Elson, but I like the picture. Collaborate with a diverse mix of people. And I think that this is really important. This has helped me so much in my career. Any time I'm feeling a little bit stagnant, it's very important for me to reach out and think of, where haven't I worked yet? What haven't I learned? And who haven't I worked with yet? And what events haven't I been to? I haven't been to DjangoCon yet. I've been wanting to come for a long time. So I was happy to get invited to this event. He, William Elson records with everybody. I mean, the outlaw music scene that he got into when he moved back to Austin, he kind of retired and quit in the late 60s, early 70s, because he wasn't getting the fame and record sales or whatever that he had expected. But when he got here, he started hanging out with these different people, the Austin people. And it helped him come up with this new sound, the outlaw music sound. And it completely changed the direction of his career. And he got some commercial success, finally. So, and he's recorded with jazz artists, country rock artists. He's covered rock songs. And he's recorded with Snoop Dogg, which I think is kind of cool. And apparently they're kind of good buddies and hang out. So that's some good advice from William Elson. So, if you are not a rock star developer and that you're never feeling like you're going to want to be a rock star developer, that's great. Like Jacob says, watch the video.  We need a lot of just good dependable developers. And William Elson, one of my favorite quotes from him, he's been around for decades now. And he said, I never gave up on country music because I knew what I was doing was not that bad.  I mean, he's had a whole range. And he, I think he even recorded a reggae album, which I've never heard of. So apparently it wasn't a huge hit, right?  And then you can keep doing the stuff that you're real comfortable with also. And that pays the bills, I guess. So here are the few of the highlights from, but I think we can learn from William Elson. There are many more, but I know this isn't a whole week about what I think you can learn from William Elson, so I try to condense it. But help others succeed, learn new skills, be accessible to a range of people in your community, experts and novices. Also, I think it's always important to be considerate for people who don't have the funds to attend events because I certainly have been in that position and I know a lot of people who are, and so make sure you're able to, you know, be accessible online in IRC or a community advanced low-cost events. Use the best tool for the job or innovate on an existing tool or create a better tool or, you know, document the tool because you think it's crappy and realize it's just that the documentation's crappy, you can help that way too. Play supporting and leading roles and collaborate with a diverse mix of people, which I know here you all are really good about doing that, but we can always improve in this area. And so if you all have not seen the William Elson statue that was developed, it was dedicated a few years ago on 420. It's over on 301, William Elson Boulevard. It's only about one and a half miles from here, which I would say walk, except that it's supposed to be about 100 degrees out. But I think it would be fun if you do go over and make that pilgrimage, post a picture on Twitter, Instagram or wherever and tag DjangoCon because I would love to see if anyone makes it over there. It's a cool statue. And I wanted to thank everybody for having me and for inviting me. And also, I'm not gonna take questions right after this. I will be happy to be taking questions or talking to everybody in the hallway track during the break. And if you have questions about opensource.com and how you can contribute or participate, please let me know. So thank you so much. Thank you.


Members of the Nigerian Governors' Forum have called for a special review into the nation's security challenges for an in-depth understanding of the enormity of the situation. They made the call at a meeting presided by the NGF Chairman and Akiti State Governor Kayadi Fayemi at the State House in Abuja. Briefing reporters after the meeting, Governor Fayemi explained that a special review of the security crisis was necessary to further engage the federal authorities at the political and security levels to find a solution to the insecurity in the land. The forum has expressed its worry that it's time for us to revisit comprehensive the nature and depth of the security crisis, which would have gotten worse if states had not been taking the actions they've been taking individually and collectively. It is the steps taken at the state level that have managed to reduce the depth and the enormity of the security challenges. Nonetheless, it's still a worrisome development for us and we feel we will need a special review of the entire gamut of the security issues that we're dealing with and further engage the federal authorities both at the political level and federal authorities at the security level in order to deal with these multifaceted challenges of security that we're faced.