#but my self confidence has also just like. plummetted the last couple of months if you couldnt tell

[ccrv-7]

speedrunning being a jobless asshole waste of space slacker by knowing im graduating in like 3 months, considering not applying for another school, applying for ONE job and knowing full well ill cry if i dont get it, and lying in bed doing fuckall while my parents cook and and do my laundry. and on top of all that im not even getting laid

[atlas-of-a-human-soul]

Dear Soulmate, pt. 21 (Soulmate AU)

22: True love remains the same

Summary: Ethan and Y/N finally complete their soulmate connection.

Warnings: SMUT, fluff

Word Count: 5k

Dear Soulmate - Series Masterlist (Soulmate AU)

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A/N - hope you guys didn’t forget about the series, took me a while to get back to it. But I’m back and I’m really proud of this one because it truly shows them who they used to be and as who they can be. Let me know your thoughts!

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The road to recovery, to who we are, was riddled with obstacles.

Ethan attended his therapy sessions, Grayson sometimes joining him and on occasion even I was invited.

Grant Geller was a world renowned therapist that specialized in soulmate connections, most of all, he was the only one who worked relentlessly on twins and the development of their soulmate connections. It's why I chose him after all, hoping to help both my boys at once.

While it seemed their sessions were anything but pleasant at first, the boys constantly fighting whenever they believed I wasn't there and speaking in hushed voices to each other when they saw I'm near, but eventually the change did them good.

Ethan had become more open with me, honest to a fault. He might be the only man in the world who will tell his soulmate to change the top because it doesn't go with her pants, but I loved that about him.

Sometimes.

Most times.

Not only did he talk to me more, but he also pulled out all the stops - romance, gentlemanly behavior, little surprises here and there, taking up interest in all the things I've told him about, my country as well.

Grayson took a few months, but he eventually started dating someone new. He didn't tell me why he gave up on his soulmate, only reassured me he knows what he's doing.

I hope he does. I really do.

It's safe to say I was over the moon.

"Grayson just texted me he's not coming home tonight." Ethan whispers in my ear, pressing a kiss to my temple tenderly, almost like a feather like touch of heaven as I put down a dish and sigh. I didn't quite like the sound of that, knowing he's screwing some hussy instead of being mindful of his future soulmate. Grayson seemed to not only understand what it felt like for me to know that Ethan had someone else before me. He seemed to find the bond, the act as sacred as I did. It nearly killed me to know I won't be the only girl Ethan had in his life. Literally. So, why the hell did Grayson decide to go there now, after all this time? Couldn't he have waited just a while longer until we figure out why his timer stopped?

"I was thinking we could put on some music...order some food...get a little freaky in the sheets?" Ethan suggested and I couldn't hold in the gasp that escapes me, partially because this is the first time he's mentioned being intimate since the crash and partially because he used such a term for something so sacred.

"You want to call our soulmate ritual completion that?" I frown, turning sideways to him, very much craving his body on top of mine, but worrying about his motives.

"Sorry. I just really don't want to wait any longer and you're looking so delicious tonight. We're both finally functional and on good terms. We love one another. The house is empty. It's like fate telling us to get it on!" Ethan chuckled excitedly, clearly happy about the prospect and I can't lie and say I'm not. Hell, if I had it my way, we'd have done it the night we met in that park in Paris.

After months of physical therapy, I was capable of doing a lot more than just walk now, even with the pain coming in waves from time to time. Ethan knew when it happened, dropping everything to help me through it...we truly grew stronger as a couple, much stronger than I thought we'd be after everything that's happened. For a long time I feared being broken, our connection turning sour, that we'd grow into the break. But things are finally good between us, both mentally and physically.

I'm just allowing the voices in my head get the better of me.

"You're right. Why overthink it...let's do it. Tonight." I smile, genuinely on board with his idea, trying hard to ignore the butterflies swarming my stomach and the tingling sensation a little lower.

Ethan rushed me to the bathroom, running a bath for me with a lilac scented bath bomb, ordering me to relax and let him make the night worthwhile.

I didn't fight him on it. Even with all the time that passed and the craving I had for his body on top of mine, I had long lost patience, but it didn't mean I didn't have every nerve in my body on edge with the knowledge we're finally completing our connection - becoming as one.

According to the books, last couple that had been documented with our connection were Romeo and Juliet...not quite the couple to aspire to be. But we had to have had a better future, something more to hope for. Why else would all the pain we've survived be worth it? Our story has to have a happy ending.

So, I push my anxiety and worries about us and Grayson aside and focus on the positives.

Ethan and I will finally be together. He will finally be my one and only and I his, bound in life and death, despite all the obstacles.

Unable to hold off any longer, I get out of the bath and wash of the bubbles off me, quickly drying myself off. Shaky, holding onto a small sexy piece I got a few months back and have hidden behind my back as he ushered me inside the bathroom, I manage to put it on and allow the slight burst of confidence to wash over me.

My legs are shaky, almost like they're made of glass about to break in a million pieces. But once I walk out and see the bedroom, they nerves dwindle to a bearable level, allowing me to breathe in for the first time.

Not only are there fairy lights hanging everywhere and giving the room a different, more romantic atmosphere, but there are rose petals, scented candles and most importantly, a very nervous, self-questioning Ethan with his back turned to me.

"I'm ready." I'm nearly holding my breath with the words, knowing that there's no coming back from this.

Only a few beats pass before Ethan turns around and moves forward, colliding his lips against mine, pushing me completely against the bathroom door. His hands cup my face  and mine go to his black shirt, tugging him flush against me and I can  feel the lump building in my throat, burning behind my eyes while my  heart sings. Ethan's mouth moves in sync with mine and he loves me, I know he does, and the kiss is needy and nervous, scared of making the wrong move but it just gets more heated with every passing second.

I'm pulling apart, pushing away my fears and catching my breath but only for a second before our mouths collide again and Ethan's moving his hands to my hips, trying to somehow pull me closer to him. Our chests are heaving and my hands are snaking up just above Ethan's hips and under his shirt, feeling his warm skin and the ripples of his abs against my cold hands. Ethan lets out a soft moan with the touch. His hands move under the hem of the lacy piece I've put on, his hands grabbing my sides.

"Ethan?" I push in a breathy whisper. His brown, nearly black eyes meet mine, lips swollen and glossy. Ethan's heart starts  plummeting to the pit of his stomach as he waits for me to continue as I look like I'm on the verge of tears and I am but not because I'm sad or mad but because it's a lot to handle, his emotions and mine and he's all I've ever wanted  without ever knowing. He knew before I did, a little cheat thanks to the soulmate connection.

3rd POV

"It's..." Y/N takes a deep breath, her mouth hanging slightly ajar. "It's okay for you too, right? This isn't too overwhelming or something you need to think about a little more, right? You love me? It's okay if you're unsure." She asked, a bit afraid if he'd back down, but happy that she feels no such emotions on his behalf. However, she could easily be blocking his emotions with her own, for she's blissful in this particular moment.

Ethan's eyes are broken in a way she's never seen before but without hesitation, the words fall from his mouth. "This is perfect. I love you with every beat of my heart. Please, tell me you love me, too." And his voice cracks with the plea.

"I love you so freaking much." Y/N admits, complying without a second thought and the softest smile comes to Ethan's lips before he attaches his mouth back to hers.

Ethan's arms wrap around her torso, picking her up so easily, without a hitch and a squeal escapes her mouth as she pulls away. Y/N giggles as Ethan carries her across the room, her hands going to the back of his neck and playing with the little hairs before kissing his cheek. His arms are warm and sturdy around her and, just like every other time he's held her, it's the safest place in the world.

Ethan lays her on the bed, slowly, perfectly aware she's still fragile, hovering over her as his lips go back to hers. Y/N tugs at his tousled hair, granting her a slight moan. Ethan's hand go  to her leg and around her thigh, pulling it up to get a better  position, helping to move them both further into the middle of his...their bed.

He bites her bottom lip, pulling away and she whimpers, opening her eyes to be met with a smirk before Ethan goes to her neck. She gasps from the open-mouthed kisses on her smooth skin, her hand instinctively pulling Ethan's head closer to her neck. A soft chuckle falls from his lips as he barely bites on the excess skin, lightly sucking.

Ethan moves his hand to the hem of her lace, his hand slowly moving under the fabric. Goosebumps rise to her skin and it feels like he's setting fire with every touch. His hand moves further up her body until his fingers are just under the wire of her bra. They dance beneath the wire as if making sure it was okay, still conscious of  never overstepping her boundaries in case she wants to change her mind. But, she smiles, moving her hand from his neck and puts it over his hand.

"I, uh," She stutters, Ethan moving from her neck to look at her with soft eyes. "I sort of have no clue what to do next. I mean, I know, but..." She winced with the words and Ethan's eyes widen in surprise before he nods.

"Oh." He says. "If you want me to stop -"

"No," Her response is quick and the corner of her mouth tugs into a smirk, her eyes glancing down Ethan's body and back to his eyes. "I just want you to   know I'm not sure if biology is enough to guide me and I might need some extra help."

Ethan chuckles and nods, pressing his forehead against hers. "If you wanna stop, just tell me." He whispers and places the gentlest kiss to her lips.

"Okay." She whispers through a smile before moving her hands to the hem of his T-shirt.

Y/N pulls it over his head, exposing him to the warm air of his bedroom. His chest and abs define with every breath he takes and while she had seen him shirtless before, admired him before, this feels different. It is different because he's there, above her, his breath just a bit ragged and his eyes just a little darker and he's in love with her, she can sense it in every move of his body.

She brings her hand to the back of his neck and pushes up to attach her lips to the side of his neck, making sure to leave the same mark he left on her. Ethan's jaw falls open and his eyes close, his breath hitching as she leaves a bright red mark for the world to see. She trails kisses up his neck and under his jawline, back to his lips. His tongue slips inside her mouth and it's just heavy breathing, trying to keep up with each other. Y/N's hands go to Ethan's back, gripping at his muscle that's flexed, feeling him smile into the kiss.

He sits up and moves his hands to the hem of her lace underwear, gripping, slowly tugging it up. Once he realized that's impossible, not nearly fast enough and without hurting her, he didn't hesitate to rip it down the middle, noticing the shock on her face as she gasped and grasped his hands.

"What the hell, that's expensive!" She sits up and allows him to take the ripped pieces off her, Ethan discarding the clothing somewhere across the room as he chuckles.

"I'll buy you a new one".  But, then he freezes, watching her lay back down and all he can do is stare at her chest and abdomen, the scars from all the surgeries covering her body more than he expected. She didn't really let him help dress her wounds nor care for her back then, and he barely even tried for he was lost in his head. Grayson did. Grayson knew it was this bad and it ripped him open for not being the one to care for her and it angered him his brother didn't warn him before.

Y/N's mouth is dry and she hates feeling so exposed. She should have thought about that little detail before when Ethan said they could stop or even before he   took everything off. It's not like she doesn't see it every single day. She's had to look at the scars every day for months and these aren't even the bad ones. The bad one is on her back, along her spine like a monster had cut into her. She had taken every precaution she could, making sure Ethan didn't see it. But, in this moment of love and lust, she forgot. She forgot the broken bits of her and she can't help but fold her arms over her stomach as she tries to cover her skin.

"I look horrible." She says softly.

"Y/N..." Ethan's eyes tell more than his lips do. His heart aches and she can feel that. She knows the feeling of nauseating guilt inside his chest and she can't let him get lost in it. Not now. Not ever.

"Ethan?" She moves her hands to cup his face. His eyes lock with hers, they're glossed and scared. "It's fine."

Ethan leans into her comforting touch. "Are you?" He asks and he's pleading again, begging for the truth but begging that the truth is that she's really, truly okay.

"Yeah, I'm okay." She leans up and presses a soft kiss to his lips. "I'm okay, Ee-tee. I promise." She kissed his cheek and rubbed her thumbs along his cheeks.

He bows his neck to kiss hers, his arms wrapping around her but in a swift and quick movement, Ethan was turning them both over so she could straddle him. She yelped with the sudden movement but quickly recovered and Ethan laid under her, his hands gripping her hips firmly. He knew she liked control, allowing her this moment of having him under her spell, under her rule.

"Do you hold it against me?" He asks, still thinking about how much he could have been there for her, but he wasn't.

Her hands lay flat on his chest, the firmness of his muscles moving her hands up and down with every breath. "No. Maybe I did back then, but I don't. Not anymore."

"You're fine?" Ethan checks again and she cocks her head to left.

"Yeah," She replies quietly. "Why are you so worried? You'd feel if I wasn't." Her voice is gentle while she moves a hand to his hair, brushing it out of his face.

He's silent, just staring at her while he allows the relief of her being okay, not resenting him, to settle in his bones.

"I can't lose you. Not ever." Ethan reaches for her hand that was playing with his hair and brought it to his mouth, pressing soft kisses to the palm, so gently she felt her heart flutter.

"You're not gonna lose me."

"Promise?" Ethan whispers.

"I promise." She nods and leans down to press a kiss to his forehead. "You're stuck with me, Dolan. Forever." She leans up and smirks.

"You make it sound like a bad thing." He chuckles and it rings in her ears and her heart starts to flutter as if it got wings and is trying to escape her chest.

"You're right." She scrunched her nose. "I'm stuck with you." Her eyes widen with the remark and Ethan narrows his eyes.

It's  heavy seeing her scars and talking about the wrongs they've both done, but she's   smirking above him and he's in love with her, so, he shakes his head and  pushes the heavy topic away, locking it away in a part of his head to bring up at another time.

"Damn right." He licks his lips and wraps his arms around her, sitting up and attaching his lips to her collarbone. Her hands go to his back, nails just brushing his skin as she closes her eyes. "Something tells me you really don't mind." He pulls away and there's a smirk playing at his lips.

"No." Y/N shakes her head and she's looking at him like he holds the key to every fantasy she's ever had.

"I don't." She kissed his forehead before pushing him back onto the bed.  A teasing smirk crosses her face and Ethan bites his lip, wiggling his brows as one hand comes up and undoes her bra in a split second.

"Okay." She says flatly, unimpressed, a little ticked off he's so good at that.

"That's all I get?" He quips but he has a proud smirk.

"You think you're so good, huh?"

"You're not complaining." Ethan chuckles as she finishes taking her bra off.

"Okay." She says softly, leaning down and pressing a kiss to his lips.

Ethan pushes up and deepens the kiss. One of his hands comes up to cup her breast, kneading it while his thumb brushes over her nipple. She gasps softly into his mouth with the movement. Ethan moves his other hand to her other breast and follows the same movements causing a chill to run down her spine as she throws her head back.

Y/N's breathing gets heavier, guiding her hands to the button of his jeans, feeling him growing hard under her touch. She kneels just above him and works on the button of his jeans as their kissing grows sloppy and inconsistent, her mind more focused on her hands.

Undoing the button, the zipper followed. She tugged at his jeans and Ethan bucks his hips up to help her get his jeans down. She breaks the kiss first, sliding down his body and pulling his boxer briefs down with his jeans. Ethan watches with a heaving chest, his hands desperate to get back to her.

"I'm really not doing this in a sexy way, am I?" She deadpans, feeling under pressure with him staring at her so intently.

"Pretty sexy when you do it." Ethan licks his lips as he pulls her back to him.

Shaking her head as she locks her lips with his, she sends her dominant hand down his abs, until her fingers just graze his throbbing dick. His mouth fumbles against hers with the soft contact.  A smile forms on her face with his reaction. She takes that as a cue to wrap her hand around his length, pumping him.

"Oh, wow." Ethan grunts into the kiss, breaking it, making her giggle in response.

"Is it okay?"

"Uh-huh." Ethan breaths, trying to control his voice. He didn't want to seem like he's completely unraveling under her touch, but he really is, the feeling of it indisputably returning to her through their connection.

Ethan focuses his attention on the hem of her lacy red briefs easily getting them off with a quick rip because he already did that to the top, so why not finish his crime? He chooses that time to flip her back over, hitting his head against the headboard in the process. They both laugh in response as Ethan rests his head in the crook of her neck.

"Ow." He laugh, as she moves her hand to his bicep.

"You okay?" She asks, watching him pick his head up as he's trying to suppress an embarrassed laugh.

"Nope. I'm hurt, now." He says sarcastically, sticking out his bottom lip.

"Poor you." She mocks, knocking his forehead against his softly.

"You're mean!" Ethan sticks his tongue out, nearly collapsing onto her in a fit of laughter.

"You keep forgetting it hurt me too, because your pain is mine too!" She reminds him, making him laugh even more.

"God, I love you." He says as if it's a reflex and the second it leaves his mouth, his heart stops but then his head comes up and he remembers she's his soulmate and she loves him too. Her eyes are bright and happy and she loves him, too.

"I love you, too dum dum." Y/N grins. It's such a dangerous adrenaline rush but he's there and he's with her and it feels like fucking magic.

Ethan attaches his lips back to hers and heat rushes to her face as Ethan pauses for a few beats, taking her all in and while he feels she's self-conscious, remembering the amount of times she's been woken up with compulsive dream and thoughts of him having sex with other women. And she can't   help but to question if she's what he expected or if she's good enough   but just as quick as the thoughts enter her head, they disappear when Ethan kisses his way up her thighs, at every little scar that remained from the accident, avoiding her core, and up her  stomach.

"You're beautiful, you know?" Ethan asks, a delicate kiss pressed to her lips.

"You're not just saying that, right?" Y/N asks, her voice showing her disbelief and a bit of fear he felt grip at him.

"Of course not! You're the most beautiful woman I've ever seen and I can't believe I'm yours and you're mine." Ethan responds, no hesitation.

"Thank you." She says softly against his lips, her fingers coming up to ghost over his shoulders, stopping at the pointy ends of his collar bone,

His eyes are half-lidded but soft and filled with absolute and utter adornment. His lips move from her mouth to her jaw and back to her neck, surely to make another mark. He slides his right hand down her side and moves to her center. His fingers tease her slit, her mouth opening in response as her hands grip his shoulders in anticipation. He doesn't let her wait too long before he's working her core, sliding a finger inside. She gasps, her nails dig into the skin of his shoulders.

"You okay?" Ethan asks, his hand slowly pumping in and out of her, kissing along her jaw.

"Uh-huh." She managed to get out, a rush forming in the pit of her stomach. "Keep going." She mumbles as she slides her hand back to his dick, pumping him in sync with his hand.

Ethan lets out a breath with the contact, dipping his head slightly, the cold metal of his necklace connecting with her chest. Her arousal builds with every movement he makes causing him to insert a second finger. Her grip on him tightens just for a split second as she lets out a soft moan, making him grin.

"Still good?" He asks between kisses.

"Mhm." She hums weakly. "Just...don't stop." You get the words out shyly and he nods, his heart jumping into his throat, happy she wants him to keep going. And he feels her pleasure, just as she feels his, building up so fast they can hardly breathe.

"Okay," He whispers huskily into her ear before moving his thumb to her clit, rubbing soft circles.

She bucks her hips up with the new wave of pleasure that flows through her whining out his name. His confidence builds with the moans and he goes back her mouth, the kissing deep at first but soon turns sloppy as she pumps him harder and faster. There's a coil building in the pit of her stomach as she grinds her hips up to meet Ethan's movements.

"Eth.." She moans softly into his mouth. The look of lust and need tell him all he needs to know as he pulls his hand away making her whimper in response.

Ethan presses a kiss to her nose, reaching toward his nightstand before he places a few kisses to her collarbones.

He opens the drawer and grabs a little square package and he tears it open with his teeth. She chuckles and shakes her head.

"What?!" Ethan's high pitched voice comes through the mist she's lost in.

"I didn't think people really opened a condom with their teeth."

Ethan shrugs one shoulder, a sheepish smile on his face, adjusting himself as he rolls the condom onto himself, Y/N watching his movements carefully, taking a mental note for future reference.

"You sure you want to? We don't have to if you don't want to." Ethan says and the smile is   gone, showing his sincerity and wanting to make sure she knows there's no pressure.

"I'm sure." Y/N's smile widens before he lines himself up with her center.

"I might be the first guy ever to know what it feels to lose his virginity as a girl." Y/N rolls her eyes at him, growing impatient.

Ethan blushes but smiles, falling harder for her with every passing moment, finally understanding the sacredness of this ritual and why she was so angry when she learned he didn't wait for her.

"If it hurts, tell me, okay?" Ethan makes sure once more, just in case he doesn't feel it because his own emotions are riding high and he can't handle harming her.

"Okay." She says, her hands holding the sides of his back to brace herself.

Ethan slowly pushes inside her, careful not to go too fast. She squeezes his side, his core trying to adjust to him. Ethan grunts when he feels himself break through, taking in a shuddered breath as he pauses, feeling a small sting himself. Slowly, he pushed deeper in, each thrust slow and a little deeper until he bottoms out and his head bows into her shoulder for a few  seconds, allowing her to get used to the feeling.

"Still good?" He asks, looking back at her.

"Good." She whispers, one hand rubbing up his back, feeling the muscles that were contracting under her palms.

"Okay." Ethan brushes his nose against hers.

He starts thrusting his hips against hers and the room is soon filled with moans and grunts from both of them. And this is unlike any sex Ethan has had before. Not only is sex is different with someone you really love but this wasn't just that. Yes, Ethan loves her and he'd do anything in the world for her but she's his soulmate and the one part of him that he never knew would be with him, complete him so he doesn't feel as lonely, as lost anymore. She's the one who loves him through the bad, the good, and the ugly. She had seen him broken, beaten, and bruised and still chose to stay. Even after all he did, she refused to leave, to give up on him. That's the sanctity of a soulmate connection. Everyone will come and go, but she won't. She's always going to be a part of him after this, no more second guessing. She's his and he is hers. Forever

They finish nearly at the same time, both of them sweaty and breathless messes with lopsided smiles but it's okay and it's perfect. Ethan waited in a bed a few minutes before cleaning himself up and taking care of her as well, but they didn't put on any clothes after. They wanted to feel one another, skin to skin, imperfection on imperfection.

"So," Ethan starts, him on his side facing her while she laid on one of his arms, facing him. "Was it okay?" There's no arrogance in his voice this time, just curiosity and hope. He just wants to know if he made her feel as good as she made him, for he couldn't tell where she starts and where he begins once they became as one, the line was erased both mentally and physically.

"Yeah, you were great." She giggled lazily, still in a haze, feeling heat come to her cheeks, as her fingers softly fiddle with the silver necklace around his neck and the safety pin pendant, the cold metal contrasting the warmth of his bare chest when her fingers brush over his skin.

"So, you feel alright? No pain? Your back is fine?" Ethan questions, his free hand rubbing the scar that peaks out on her side, uncovered for a moment longer for him to trace it before he covers her entirely, not wanting her to get sick.

"Yes." She laughed, feeling a little bit of pain, but nothing she wanted to worry him with, turning her attention to his eyes. They're consumed in softness. It's as if every soft gold speck that complimented the dark  brown of his eyes shined brighter than they had before, making his eyes hazel even in the dark which is highly unusual considering she found them hazel in the sun...and she realized...she is his sun.

Ethan lets out a sigh of relief, shaking his head into her shoulder. "Good."

"Was I okay?" She asks softly.

Ethan looks up and gently places a hand on her cheek. "Perfect." He says, kissing her nose softly.

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Tags: @accalialionheart @castiel-savvy18 @notanotherdolantwinsblog @peacedolantwins @mutuallynotmutual  @fallinginlove-16  @heyits-claire @daddygraysonsbitch @godlydolans @xalayx @ethanhes @dolandolll

Gif credit: @ethanhes

[justtextmeoppa]

❝ Challenge Accepted❞

Plot: Heechul has been asking you out none stop and you say no, until you get drunk and then confess your feelings

Pairing: Heechul x Reader

Words Count: 2,2k+

Genre: Smut and comedy

For Anon, I hope you like it cutie!

- kyu.

Gif isn’t mine, credits to the owner! ♥

‘Will you go out with me?’

‘No.’

‘You said that the last time!!’

‘And I will continue saying it until you get it into your thick skull, Kim Heechul!’

You and Heechul had been best friends since you were starting university. He was a trainee at the time and you had bumped into him at the one of the convenience stores. At the time, he wore a baggy shirt with baggy pants and hair that was so long, you swore he was a girl. It had been well over ten years that you both have been friends and well over eight years since the best friend title was added. It had taken you some time to adjust to the singers personality, but once accustomed there was no turning back.

‘I have to go, I will see you later.’ You dismissed the last conversation.

‘Only if you go on a date with me.’ He stood his ground.

‘Then I guess I wont be seeing you ever then.’ A smirk adorned your face, turning on your heels and walking away.

‘Challenge accepted.’ He voiced to himself before heading back to the studio.

Yesung and Donghae had been working on vocals in the morning, but Leeteuk wanted everyone in the studio. Heechul opened the door before plummeting on the couch and placing his feet on the small coffee table that was in front of him. The others had stopped and looked at each other before looking at Heechul. Siwon nudged his leader to go and see why the second eldest was so…happy. When a grinning Heechul walked into your space, that was never a good sign. Never.

‘Ahhhh, you okay Chul?’ Leeteuk asked, sitting next to Heechul’s feet that were on the table.

‘Ecstatic, why?’ Heechul asked, shrugging his shoulders.

‘You are ummmm grinning.’ Leeteuk gulped just as a cackle left Heechul’s lips, ‘Don’t eat any of the food!!!’

‘Calm down Teuk, I haven't done anything…yet.’ He smirked, ‘No I am joking. I just saw Y/N today.’

‘Like always,’ Yesung piped in before clicking his fingers, ‘Did she say yes!’

‘No.’

‘Then why so happy?’

‘Reasons.’

‘And that is?’

‘No need to worry your little head turtleman, now let’s get back to recording.’

Heechul stood up to his feet with a clap of his hands, before walking into the recording booth. Yesung sat behind the recording desk while the others just made double sure that their food was not tampered with. Two hours went by and you were back at work. Being a teacher was tiring, but rewarding. You were molding the minds of the next generation and you were proud of yourself. Marking the papers of the high school students, your phone went off. Digging in your bag, you opened up with message.

From Pain-In-The-Ass-Heechul

Dinner, you and me, tonight.

To Pain-In-The-Ass-Heechul

Are the others going to be there?

From Pain-In-The-Ass-Heechul

Wouldn't it be weird if they tagged along on our date?

To Pain-In-The-Ass-Heechul

If only it was a date

From Pain-In-The-Ass-Heechul

Is that a yes?!

To Pain-In-The-Ass-Heechul

In your dreams, Heenim

From Pain-In-The-Ass-Heechul

Oh baby, if you only knew what we did in my dreams ;)

With that, you laughed and stopped replying. This fascination of dating you had started happening about two years ago. He had asked you out randomly one night and you had said no. Since then, it was coming monthly if not weekly. It did begin to die out a few months ago, after you rejected him for valentines day but now it was getting more persistent. You loved him, but you knew dating him would be disastrous. Sighing you just got back to work. Three weeks had passed and you had gotten no request as of yet, until the door to your classroom opened.

In walked a well dressed Kim Heechul in fitting black pants, a simple t-shirt with his haired styled up and holding a bouquet of flowers. As soon as he stepped foot in the classroom, noises erupted from girls calling his name and taking their phones out. He bowed and greeted all the students politely before turning to face you. You stood with your arms crossed and a raised eyebrow.

‘And now?’ You asked.

‘Go out with me?’ Heechul asked for like the thousandth time, well it sure felt like that.

‘Heechul…’ You said softly, having side glances at the students who were waiting eagerly for the response.

‘Say yes sunbae-nim!�� One of the girls shouted.

‘Yes!’ Another added.

‘You really going to say no in front of your class?’ Heechul smiled, gesturing his head towards them, ‘Please, just one date.’

‘Why are you so persistent?’ You finally asked.

‘Because I am Kim Heechul!’ He self praised himself as a roar of cheering broke out, ‘My confidence never wavers, Y/N.’

Sighing you took the flowers, ‘I will have a drink with you after work, not a date though. God knows I need that damn drink…’

‘It’s a start!’ He pecked your cheek before running out.

‘NOT A DATE!’ You shouted after him.

Placing the flowers on the table, you got back to teaching. The evening came and you both were drinking soju and beer. Shot after shot, you both felt the alcohol take effect. You were tired from school and just in a need of a good evening drinking. You never did it often, but when you did, you really went all in. Heechul sat on the other side of the table, the occasional hiccup coming as the fourth bottle of soju was delivered to the table.

‘Why…don’t you like me?’ Heechul slurred, pointing a finger at you.

‘But I do.’ You grinned, eyes also expressing intoxication, ‘You are my bestest friend Chullie!’

‘That…’ He hiccupped, ‘Isn’t what I mean, Y/N.’

You had poured another shot, both downing it and leaning across the table, ‘You wanna know?’

‘Yes.’ He leaned in as you now sat next to him.

‘Really?’

‘Ah ha.’

You looked around, hiccuping once before whispering, ‘Okay, but come closer.’ To which he did and you whispered into his ear, ‘I like you…very much Kim Heechul…’ A hiccup followed, ‘But! I do..do not want to ruin the friendship if we fail as ahhhhhh couple!’

Heechul pulled away slightly and looked at your face. He searched it for any sign of you messing with his emotions. He was drunk, but sober enough to understand what you had said. You grinned playfully at him, poking his nose before having another shot. At this point you were both drunk and it was time to call it a night. Heechul’s apartment was the closest and you were in no position to get yourself home by yourself. Arriving at his place, you both giggled and shed clothing towards his bedroom. It wasn't the first time you had both passed out on the same bed, but this situation was different.

Lying on the bed, you both laughed as you now lay in nothing but your underwear and Heechul in his boxers and shirt. Laying next to each other, you slowly looked at Heechul’s face in the dark. He was possibly the most handsomest guy in the world to you. He always was and always will be. You traced your thumb over his cheek as the alcohol pulsated throughout the both of you. Slowly, the gap was closed and his soft lips were pressed against yours. You tasted the alcohol, but also him. His hand slowly crept around your waist and pulled you closer as you kissed back. Feeling his skin against yours was electrifying.

‘You are so beautiful.’ He whispered, kiss breaking and looking into your eyes.

‘I love you Heechul.’ You blurted out, not really thinking but it also wasn't the first time you said it.

All he could do was smile again, calming your lips for his. This time the kiss was a bit more rough and passionate. He now held your face in his hands, slightly squishing your face and situated on top of you. The weight was comfortable and not crushing as your hand creeped under his shirt, exploring his toned body. You kissed him back, as he ran his soft tongue over your lower lip before taking it between his teeth and pulling gently. A sensual moan slipped from your mouth, as he used that as an opportunity to slip his tongue in and taste more of you. Both of you smelt of alcohol as your tongues moved together in a heated erotic dance. Your legs were tangled with his as you pulled his shirt off and then pushed him onto the bed. Back against the soft sheets, you straddled his waist and licked your lips sensually. He immediately sat up to try and kiss you but you pushed him back by his forehead.

‘God you are fucking sexy, Y/N.’

Smirking, you began to kiss his neck. Nipping it gently and sucking at the spot just above his collarbone. His eyes shut as his mouth let out raspy noises, hands tangled in your hair. Pleased with the mark, you traveled down his exposed skin. Kissing every inch of his chest, flat stomach and burying your noise in the thin trail of hair that was leading you to your destination. You felt his breathing hitch when you ended at your boxers and began to peel them off ever so slowly. Releasing him, you threw the underwear somewhere around the room. Gently you took him into your hand, stroking it. You could feel Heechul tremble just a little as you gave the tip a soft lick. Smiling, a long sensual lick was given to the shaft before you had taken him in.

Heechul really wants ready for that, eyes opening in shock before relaxing and falling under your spell. One hand still held around the base as the other massaged his balls. Bobbing up and down, you felt him tangle his hands in your hair. He bit his lower lip, holding back the moans that sounded much like your name. Slowly your pace began to pick up, sucking all the way up to twirl your tongue and then go back down. You released your breath through your nose so your cheeks hollowed out. Sucking him to the hilt, you had him in whole. Heechul's hold on you hair tightened as you went faster and you knew he was close. Moaning, you sent a vibration down his harden shaft that had him undone at the seems.

‘F..fffuck!’ He groaned out as he released, ‘Ngh…ahhh…Y/N!’

Preparing yourself, you sucked up and swallowed before releasing him. You wiped the side of your mouth before Heechul pulled you through his legs and pinned you to the bed. You now joined him in the naked glory as his eyes scanned your body and a goofy sexy smile caressed his face. The room temperature had risen as he now held three digits in front of your face. Leaning in close and whispering.

‘Suck these for me, baby girl.’ His voice sultry and you smelling the alcohol that was still very evident.

‘Mmmmm.’ Was all you mustered as you took his willowy fingers into you mouth.

Running your tongue over his fingers, he placed kisses on your neck. You knew that you would have to wear a scarf to school tomorrow. His free hand had begun massaging your breast just as you released his fingers that were generously coated. Slowly he prepared you with the gentle touch, regardless of the fact that he was drunk. Soon he lined himself at your entrance and inched in. Your nails dug into his back as he was finally in and allowed a few seconds of adjustment. Giving him a swift kiss, he took that as a sign to move.

Thrusting in and out, he began moving as your suppressing of moans wasn't helpful anymore. Your hands wrapped around his neck, pulling him down for a sloppy kiss as you felt him smile again your lips. He moved faster as both of you moaned profanities. Slowly, the warm familiar sensation began to bubble within the two of you as he moved his hips and slammed back in. At that moment, he had found that spot that had you screaming out his name. On edge, soon the feeling exploded and ran rampant through the both of you. Moaning shamelessly, he rode out the orgasam before slowing down and panting. He still lingered over you, sweat decorating the both of you as he leaned down for another gentle kiss.

‘Y/N?’ He asked softly.

‘Hmmmmm?’

‘Will you go out with me now?’

[stevedonnellyfaith-blog]

The Storage Locker (Post 89) 5-20-15

                        I popped the door open, looked at the inside space and my heart sank. The storage room looked way too small for the lion share of my earthly possessions and I really had no backup plan.  It was Sunday morning and the moving van was due to arrive in twenty minutes of so.  A serial procrastinator, I had waited until Saturday morning to finally procure a self-storage location for the shipment that Nick and Abby had served into my court from California on Monday and Tuesday.

The semi had crossed the continent at an inexorable pace throughout the week like the white blipping ball in a game of 70’s electronic pong.  I knew I would have to deal with the rolling truckload eventually but the sand in the hour-glass sifted slowly enough that I kidded myself that I had more time … until it nearly ran out.  During Thursday lunch I web searched for storage locations; most of them were clustered around Kent, Ohio for summer use by vacationing university students.  On Friday, finally, I called the first one on my list of four and hit pay dirt immediately.  

A helpful woman named Tina could rent me two large lockers that would give me extra space to organize and stage my stuff in the future when I finally go to move into the house that I have yet to identify, make an offer on, get under contract, etcetera. I arranged to meet Tina on Saturday morning still well ahead of the glacial progress of my household goods which might have then been crawling through Nebraska or Iowa.

Next day, I left the house bright and early on Saturday morning, well actually at least bright but more towards 11 AM as I am a late riser on the weekend.  In route I dropped Natalie off at a friend’s house to organize a lemonade stand project that they were completing as part of a school activity.  From there I proceeded down a state road and arrived at the locked door of the office of the aptly named Storage Company.  The locked door was unexpected so I broke into a cold sweat at this seeming roadblock to my first recent concrete participation in the family cross country migration from California back to the land of snowy slush, smoldering rivers, and appallingly bad professional football.

Luckily, Tina answered the door as the lock was an apparent security measure necessitated by some unsavory clientele called college students.  Her office reminded me of a pawn shop without merchandise or the television repair shop that my father used to patronize back in the days of cathode ray tubes.  The room was dressed with faux wood paneling, dingy vinyl floors and only lacked a Budweiser clock to complete the décor of a finished basement circa the dawn of the Age of Disco.  Maybe my marathon sessions of Zillow surfing is beginning to jade my latent real-estate sensibilities.

Anyway, Tina let me in and I began to process my paperwork. Things proceeded slowly as she was multi-tasking.  Tina was also helping a heavily accented young Asian coed from the university who had discovered that the small sized locker purveyed to her did not match the large load in the U-Haul van that she had also rented from the same location. I kibitzed with a representative from my insurance company while Tina strolled out to do a walk-thru of my prospective lockers and to try to engineer a resolution to the student’s problem.

That’s when the steady slope of my progress did a loop-d-loop. Tina returned to the office cave and announced that there was an issue: both of my units were flooded from some previously unidentified roof damage.  My lockers would not be my lockers as neither room could be repaired in the near term and my traveling effects did not consist of a load of swimming pool noodles and rubber inner tubes.  Other than those two lockers that had inadvertently been equipped with spa facilities, the site had no other units available that might suit my needs.  I have no idea how things turned out for the young lady and her predicament, but my haphazardly laid plans had definitely placed their foot squarely on a greasy black banana peel.

A resourceful customer service professional, Tina soon resolved my dilemma with a price match at a sister facility that was headquartered within a couple miles of where I had dropped off Natalie.  The single locker that I finally rented was in a third site located conveniently at the nexus of the three towns that I am targeting for my house search.  The only issue was that I would be renting a single unit unseen until the morning of the arrival of all my stuff.  The whole business seemed of an angelic Candid Camera prank staged in retribution for my agreeing to delivery on the morning of the Lord’s Day.  Obviously, Sunday AM delivery also meant that the rental office would be closed; there would be no safety net for the operation. Hauling an appliance that didn’t fit to my parent’s house with a Chevy Aveo is not a viable contingency plan.

So I was pretty apprehensive as I promenaded my Aveo on a 5MPH circuit through the facility ostensibly to make room for the moving van, but also surreptitiously casing the locked hasps of the other lockers in hopes of spying an unlocked unit where I could squirrel an odd dozen boxes for a couple of hours if the unload went badly.  Finally, I opened the roll-up door for a second time to unveil my quaint cubby to Matt, the polite semi-driver from Allied Van Lines.  My household goods needed to fit there, but I waited nervously hoping for a positive diagnosis from my friendly shipping professional.  Matt and his crew were surprisingly unastonished by the small size of my rental unit.  They said they could fit everything in with no problem.

The news was a great relief, but also simultaneously deflating.  The stress of being at the potential epicenter of a colossal screw-up was immediately calmed.  I’m sure my blood-pressure plummeted by ten psi quicker than a Patriot’s football, but I was also disheartened in a way that end result of my fifty-year secular endeavor in collecting cool stuff had reaped such a meager bounty.  After inspecting the minuscule sanctum that would house the remaining cache of a half-century of acquisitions, Matt and his crew were confident that my stuff would slide right inside.  In a way I felt like I had failed as an American male.

And I will say to my soul, "Soul, you have many goods laid up for many years to come; take your ease, eat, drink and be merry."' "But God said to him, 'You fool! This very night your soul is required of you; and now who will own what you have prepared?' "So is the man who stores up treasure for himself, and is not rich toward God." [Luke 12:18-20]

I understand that while men judge each other based on the amount and quality of acquisitions, in actuality, Jesus will critique my earthly sojourn based on my actions, inactions, thoughts and emotions, the evidence of my loving demonstration that I desire life with Him and am of His flock. My energy and concern ought to be towards the needs of my neighbor and not towards my toy box, which still holds an unfortunate spiritual power over me that webs my soul to the little-used air hockey table that Pam sold before we emigrated from Fort Wayne to California. I understand that Jesus is helping me be free from the material world in stages as each season change of life seems to begin with a garage sale or trip to the dump, but jettisoning junk does not come easy to me.

I don’t know whether my journey through this life will end in a car crash, as Natalie once dreamed.  If her nightmare proves prophetic, I will still probably be in possession of too many items of no import, but I am hopeful that their value to me will, in the future, be at a commensurate level to their eternal worth. God may, instead, choose to continue to empty my ditty bag of material possessions in stages as He has throughout the last decade – an air hockey table here, an extra well-used and dated couch there while my accommodations shrink from 3000 SQFT to 1500 on down to 1200 until I just possess a disposable toothbrush and the current hospital gown that I will own only until my next sponge bath and linen rotation. Whichever way I go, I understand that it will be to my benefit as part of my preparation for eternal life.

So I sit here writing in a my muggy Aveo, mercifully ignorant of whatever the vacuum noise is on the obscured business side of the moving truck where a crew of three wrestles my gear into a mini confined space – at least there is no sound of a buzz saw.  I am sure that there is steady progress being made on shoving the collections of my life into that small spider hole that Matt, the mover, approved. The weather is oscillating annoying as it does in Ohio between quick drizzle and sunshine with the result being that I have to keep adjusting my car windows.

Anyway, the only packed possessions I really care about that will be stored are pictures, letters, family videos and a wedding album that is mostly uploaded to Facebook already anyway.  My memories won’t need props once I get into the after-life, I’m sure. In the short term, if a Mid-Western tornado launches my rented portion of this facility and peppers Portage County with the contents my locker, there is nothing in there that I haven’t done without for two months already. The long-ago discarded, one-time cherished hockey game is adorning somebody else’s basement somewhere in Indiana.

[monstyn]

The HERO – What is The Billion Dollar Hero Challenge? – Bitshares

This video, https://www.youtube.com/watch?v=VxCn4j2JOtY, can also be seen at https://www.youtube.com/channel/UCASo8I7HjXn6ypM2vkF7xqg.

Hi everybody I’m Michael and I’ve got Stan Larimer here from Krypton ohmic and bitshares and we’re here to talk about its exciting new initiative that we’ve got going on called the hero challenge or I guess more so it’s more like the billion dollar prize challenge and I think we’re going to explain what this is and everything here in just a minute but you want to say hi to everybody real quick Stan hello everybody great to be here everybody now we’re going to talk about the hero or well I guess what is the hero first of all Stan where’s the hero to you well what we’ve done is we’ve produced a new coin using the chairs capabilities that should be of great interest to ordinary people right now a lot of people get excited about digital currencies are pretty much either you know people who like technology or people who have a special use case but the RV’s consumer now they haven’t seen a reason to do it just yet but we wanted to produce a currency that was more likely to be interesting of interest to the average person and the average person out there would like to have something that works a lot better than the banking system like to have something that make is stable and doesn’t put it a lot of risk on them in terms of volatility because most people don’t like to play the markets and help me to give them a nice stable % ready to return because that’s something people just can’t get these days when I was a kid I could put my money from mowing lawns into a passbook savings account learned % and like to return to that day and so we created a coin that does exactly that and that’s the one we’re going to mark market to the mainstream and what you’re hearing today is our plans to take it to the mainstream which quite frankly is about a hundred times maybe the market than the current market that we’ve been playing it right and so you know even though the coin it says honest money for heroic enterprises and I think that’s a really great tagline for what the hero is and just in just a quick little description and a little nutshell you know and so people will say what are you II need my honest money well that’s a really good question I guess we could talk about what dishonest money is like money that tends to lose value over time because governments print too much of it oh that’s pretty dishonest and the fact that money gets interfere dwith all along the way when you try to send it to somebody you don’t have the freedom that you would have just reaching in your pocket and pulling out a coin and handing it physically to somebody we’ve lost that when we try to interact with people around the planet so this particular honest money is money that can’t be taken from you it’s on a blockchain where no one else can get it it’s one that’s not backed by a potential fiction either public debt or in some cases theoretically gold that may or may not be present somewhere yes purple money is money that you actually can verify as backing because the backing is equity of the blockchain company that’s running it I think that’s a really important part to this entire thing and I think to selling this on consumers and people who are not crypto savvy in general is that this is something that has backing once I think most people understand the way that our current monetary and banking systems work and they don’t have to have a high level understanding just enough to understand it it’s based on fiction as you just said and there is not a lot backing what they have in their pockets were spending their confidence level would plummet in that system the more and more they do and I see it whenever somebody actually begins to understand that this is a little different in that there is a value behind it and people can assess that value and I think that is really important because I have the confidence in it and folks that are watching this right now please feel free to give us your tape – because I want to know what’s important to you when you see the hero when you think about bitshares when you think about this system that you’ve got at your fingertips that you can use to now take control of your finances take control of your personal assets as a global banking alternative of sorts what is important to you about what what do you want to use it for those are the things that we need to know and understand so when Stan and I go out there market this and we push this hero challenge we talk to people about it and how to use it we’re able to talk to them about what’s important so that’s that’s really great stuff so I’m going to actually go to the next slide because I think that’s important – it is a million two billion dollar club who’s in that club now right – that’s a kind of important thing we’ve got Bitcoin you know hit the billion dollar market cap Club is up and what we’re referring to here and then etherium did and in bitshares it’s a billion dollar market cap Club which is unrelated but that’s not what I mean by this that’s right that it’s called the million two billion Club okay basically swimming if you had a wallet that had a million dollars worth of Bitcoin in it a few years ago that wallet would be worth a billion dollars now can he get hurt Bitcoin was the first to take millionaires and make them billionaires yeah of course if you had a thousand dollars you had a million dollars too so it’s a scale to anything it took Bitcoin three years to achieve that which you know is pretty amazing you know what a rate of return from a million to a billion but still there hams on track they’re not quite having done a million to a billion but they’re pretty close and could make it inside of two years if they get it done by the end of the summer so they’re they’re not technically in the million billion club yet but they’re pretty darn close and so we looked at bitshares and said we’ll wait a minute there’s a couple things here yeah if Bitcoin and aetherium did it with the things they’ve got going for them and as we’ll show in this conversation we got a whole lot more going for pictures than they do then one would ask why wouldn’t we expect the chairs to do that same thing if bitshares does do that same thing and we can sort of say yeah I think that’s really likely then why don’t we build an entire marketing campaign around the fact that hey that could probably happen and has happened without such a marketing campaign with Bitcoin and probably aetherium why not build a marketing campaign that assumes that will happen and put a billion dollar prize out at the end of it so that it becomes a self-fulfilling prophecy and that is the idea that you know inspired everything that we’re talking about here because we can prove that coins do this we can show people that we’re better positioned than either of those two were before they did it and we’re putting a marketing campaign behind it that is unequaled in the industry yeah I agree um it is interesting watching the Bitcoin jumping in-you theorems up and now you know here we are at the presses the technology as you just said it’s completely different you know we’ve been I believe more advanced in the other two that we’ve been talking about quite a long time but we’ve been under the radar you know there’s a lot of folks that have heard about it and have built some companies on it and we’ll talk about then here on the next slide so on this line right here in and I’ll let you kind of explain a little bit to it but that little bump that you see right there is now this is actually Bitcoin market cap and their timeline of value right that we’re looking at right here yeah this is Bitcoin and we’re pointing to events in the life of pictures that seem to fit what bitcoin is doing and that little tiny blip that we looked at if you blow that up looks like what happened Bitcoin back in April of Levin went from nine million up to million and then settled back down to about heck hey does that look familiar in terms of what happens every time there’s a big run-up and then things coming back down to maybe half scale I’ve heard a lot of chatter on our community it was really excited during the run-up that we just experienced around June th where we had a boom like the one that you see over there in the second side the first boom just went up to in some million at the time we looked at it in May and now we’re Michael’s touch highlighting you see that we’ve already had our go above a billion in back down to half a billion so people who are concerned about what’s happening hey just look historically what happens when we get these different booms then there’s always a recalibration and back up to the next site so you know if you’re a day trader well okay plan on that but if you’re a person who doesn’t want to take that risk just look at where we are and that’s what we’re saying well heck this coin did that without a global marketing campaign we’re going to do that and one other thing we have is quite a few very large investors who are behind us this time just ready to jump in so there are a lot of different things contributing to our ability to pretty much count on being able to do what the other two have done and those are kinds of things we’ll talk about here today right and that Ben is very interesting stuff i remember i got into bitcoin right around this area right around here but I remember this jump definitely because I was heavily involved in Bitcoin at that time everything Simpson has just been really amazing two point we’re now bitcoins you know what’s waiting anywhere between to almost $, coin absolutely insane you know a theory on copying over $ several times $ and bits here pushing over a billion dollar market cap multiple times the last month I’m just kind of testing the water and I do believe that we’re about to see from this blip like you said in June of that we just experienced right here which is where we’re at to see this big jump and that’s going to be really exciting stuff is I think this is where we’re at right right in this section right here so really exciting thing about that I’ll just mention is all that all that happened just on its own merits not due to our campaign our campaign doesn’t start till tomorrow so everything I’m talking about here would have presumably happened anyway there’s a few of you who may have bought based upon us leaking to you what’s happening but in general the rest of the world hasn’t seen this has no clue what’s coming and that much happened already on its own so cake benadryl kheh absolutely so on this screen and I really like this one because it puts into context the technological capabilities of what we’re talking about we got over here I’m going to highlight this and if you want to just go through it we’ve got Bitcoin right here and they’re they’re worth the most right now in terms of market cap and awesome value corn quote and you got a steering right here and what’s the correlation is I think this section right here right which is the speed of transactions yeah if there am is transactions per second Bitcoin is about three to four maybe maxing out at seven and so I put them over there sort of on a scale of you know Bitcoin is how fast can you walk if they’re in yeah maybe how fast can a horse run and then clear over off the chart the various technologies that that on our block chains bitch air is steam and you know EOS is shown I probably should have shown it clear off the right-hand my speed of a board cube or something I don’t know but it would you know it obviously allow us to scale to where the right-hand axis becomes meaningless because there is no limit but the real question I want to ask everybody is you’re so used to thinking of number one being based on the metric of market cap okay but certainly competitions of all types just look at the Olympics there’s all kinds of games where different things become what the competitions in my competition comes to the ability to scale they and all the world’s transactions the technologies we see along the bottom x-axis there are the ones that as far as I’m concerned determines who’s not who’s number one not not the instantaneous market cap that might tell you the market cap rate is a an indication of past history it doesn’t really tell you anything about the future or not much what tell you about the future is the x-axis in terms of what is the performance of different systems so I would argue that the technology is that we’re promoting are number one and Bitcoin is you know clear back at the beginning and as I’ve always said I salute Henry Ford for developing the Model T but don’t drive Model T’s anymore if I’ve got a starship I can take absolutely and that’s that’s a really good point that puts it into a very good context I think for a lot of people when I heard you say that the first time I kind of chuckled a little bit but it’s so true enm thank you Henry Ford II now and take you right brothers you know and Leonardo DaVinci to but I’m not flying what I think it draws Atlantic or even taking it up anywhere around here either for various reasons and it makes lesson and I would like to say you know when people start understanding technological capabilities of what we have to offer when people start understanding not just the tech but just the ability to save their assets and to have more control over them and to have personal freedom of it I would like to see the value six years and steam videos continue to rise and I guess have that value be recognized in terms of market cap and marketability then that would be really great stuff so on this next slide well just a minute guess what lacquer we got feels a little robot sir I’d like to just mention yes sovereign software companies you know we have a collection of people on this call that may range from people who have been with us for the past four years and basically we started four years ago tomorrow on July fourth the development years so long history with some people but some people just joining us and certainly all the people who want to reach with the hero had no idea what the benefit of a sovereign software company might be decentralized a communist company is what we called it four years ago but I’d like to emphasize the sovereign the idea that these companies sit out there and cannot be interfered with by anybody and he government any power any big bank that’s what bitcoin was originally designed for and all of these block cane based systems are basically there because they’re built out of a whole bunch of computers scattered around the world to check each other and no humans can corrupt because their robots are all checking each other and the robots are programmed to be robotic ly honest and therefore we’re relying on that but here’s the other big factor if we were to try to go out and sell that to the average consumer today that doesn’t realize how much at risk their money is in the current system even though every decade we’ve seen some major currency collapse going back as far as you can remember but people just don’t have memories that are that long new people are coming along all the time and T the Great Depression and the all the inflation’s that happen somewhere else really don’t enter into people’s consciousness so if we were to try to market bitshares as we have for the past few years as being really high performance and really incorruptible guess what that falls on deaf ears a lot of people that’s why we invented the hero we need to meet people and solve problems that they care about once they’re there we’ll teach him about the other benefits and I’ll never want to go back but that’s a fundamental difference in our marketing strategy coming forward in the coming year and what you typically see people out doing various interviews and so on talking about their great new blocking most people don’t know what a blockchain is and don’t care to find out but if they can go get % on a passbook savings account and maybe that’s worth learning about and so that’s the big difference in our approach yeah okay and in that that puts in a lot of perspective – how many people here understood kind of the approach behind that that we we want to be able to we’ll take the power away from everybody – correct or control it and this is a way to do so how many people here are getting that I see I see people enhancer down there so awesome now we had a couple of questions they’ll answer a few of them – so he says hero works the same way as bitusd apart from different interest rates we’ll cover that here in a few minutes somebody’s saying I think for block change in general it’s super important to have developers be cool for developer like me that just starts out in a black teen area to have video tutorials to get started with bitshares yet I think that those kind of things are are coming in the future now that now that more people are showing some interest in it you know we do have some core developers who’ve been around for a long time some of them may be on this call there’s other folks that have been on here working with us and as Stan just mentioned and chewing on the slide different spin-offs like steams kind of spinoff from what was started by EEOC is kind of a new interation it’s kind of Richard on steroid and then some and with Daniels new project with that which congratulations on I mean over million dollars donations within the first few days and stuff like that great I think it’s on track to be one of the biggest I SEOs if not the biggest ICO in crypto history which is going to be kind of fantastic thing so many much in pure plays which is another spin-off by Jonathan and the rest of his crew and there’s a lot of other developers again at Stansted who’ve been in the bitshares ecosystem working really hard to develop separate companies that help build on what we have to offer to bring in more people open ledger Ronnie over there and other people we’ve got you know the remedial projects and other folks that are trying to bring in and trying to build out the ecosystem so folks can on-ramp off ramp and do different things within here on this next slide and it let me Google or get rid of that drawing is again in perspective of the technology in and of itself but this is really this is a really important slide because of what we discussed go ahead and go over what you want to that I wanted to take a minute on what I think is really important on this particular slide okay well there’s two things that are being talked about one is just the total time it takes or the total transactions per second it can happen I think most people have noticed Bitcoin with seven transactions per second and aetherium with those are good for you know experimenting but it doesn’t scale so you put a big task on to it like for example a big major crowdfunding activity suddenly they clog up and have to start rationing their bandwidth because they can’t get everything done and that’s what’s driven up the price of doing transactions on those networks but generally that’s what you get throughout the industry and if you look way down in the bottom right corner the three little bars are shown in that circle compared to the total capacity that bitch shares brings to the table yeah it’s not even in the same league all those little bars you know that are about the same size as the dash bar over there are stacked up to represent recent stress test that we did that’s not a limit on how much we can handle that’s how many transactions we were able to generate and the system didn’t break a sweat theoretically in the laboratory we have shown that the technology has the capability to go up to , transaction per second if people out there just switch to you know state-of-the-art processors that are commercially available that’ll happen as the actual usage picks up note also by the way someone’s asked about peer players I put a little peer plays symbol on that chart over on the right and area just as a salute to them but yeah they do count to using the same technology as bitshares and steam it enhanced with new features I’ll let you talk about the other circle there Michael yeah you know I I really like this one uh first of all I stand pointed out you know we got seven you know transactions per second transactions per second those are all great but again you cannot replace a global financial system be a global banking alternative even even really do a decent amount of point-of-sale transactions per day at a busy company let’s say Starbucks for instance you know and be able to run on any of these networks Bitcoin Siri or desk you just can’t do it I just I don’t see a way to do it and I’m in e-commerce you know I’ve done this stuff for years I know people who run websites that have you know tens of thousands of transactions per day ease easily when you start adding up one company with , transactions and maybe have a hundred of those companies that have , transactions what’s that do these networks what’s going to happen is exactly what you seen happen in the last days you see large crowd funds icos but it doesn’t matter that it’s ICO you see a large amount of transactions now their fuel these IPOs that are coming people all want to jump in so they’re all pushing all these transactions to these networks but it doesn’t matter what it’s fueled by the ICO is feeling it but what it is in general is always transactions coming through the network just like any other financial network like Visa MasterCard or anybody else and they’re clogging the network and are causing the network to shut down go slow exchanges that are trying to exchange those types of currencies and critical assets unable to trade those assets customer support departments being clogged to the point where there are two three four weeks out in support tickets people sending assets to convert from one to another having those assets hanging ether so to speak but maybe maybe not intended but now it those things happening those things happen big problems I don’t know what’s going on here I got a something that’s not happy those are all issues that you have to address and those are things that I saw Daniel attempt to address years ago at Bitcoin conferences in Austin in Las Vegas and other ones where we brought this up in side table conversations on stage through keynote addresses and these were things that were not taking it seriously when they should have a thing now here’s why and this is the second part of the graph that you see here if you see the cement bitshares section right here this circle what’s really interesting about that is this is peak transactions per day what I think we almost hit either , transactions just on bitshares last week in just one day which was pretty amazing since almost a billion transactions in one day on the good shares Network alone that doesn’t even include steam it boring of the other projects your honor so what you see here is that schema and viscera speak transactions per day totally eclipsed experience and bitshares any of the other crypto assets are out there in fact if you take the top or or even thirty crypto assets and PI on all of their transactions per day together pictures and scene it’s still eclipse them and we can handle all them what that also means that all of these IPOs that are clogging up Syria and everything like that this is pretty crazy to think about but every transactions that’s done and all of the major cryptocurrencies combined plus the I SEOs that are happening on a theorem all the same time could happen on the bitshares network and it not have the congestion that is what this means that is the capability of this network Daniel force saw things like FEMA for instance and I think this is a really great example of an argument for using bitshares graphing blockchain technology for industrial and commercial usage FEMA is a social media platform you know you have facebook on an average day thousand lights per second that’s just like so there’s may include comments as include people posting things as an include tags that include any of that that is just like those are operations or transactions on any sort of network you cannot run a social media network on the other blockchain technologies that are out there you can run it on pictures graphing technology because it’s capable of scaling to one hundred two hundred thousand transactions per second maybe even warm that’s what that’s what what is very important about this slide if you want to be able to have industrial commercial usage if you want to have social media networks if you want to have actual point-of-sale transactions happening on network just imagine you know a thousand different companies using one point-of-sale transaction system you know what would that look like how many transactions are happening per second or per minute that’s a lot of transactions it’s not going to be able to happen on these other technologies maybe they can catch up maybe they can hard for maybe they can do that stuff but these being things these these capabilities the technology that we’ve had referral systems to transactions per second the scalability we’ve had this for three years and it’s been out there tested secure it’s never had a day of downtime this is what’s important and I think this is perfect she shines and if people were able to understand and see this and recognize it for what it is that’s where I think you’re going to see that big jump that’s where you’re going to see that jump that we were talking about on previous slide so okay Michael we’re getting a lot of really great questions here that should have been we should have made this chart a lot busier because it currently we’re leaving out a lot of things I like to quickly run down through here and just give some real bam-bam-bam answers to some of these questions before we continue if you don’t mind if I want to be important okay first question Hiro works the same as bitusd apart than the different interest rate yeah it’s definition is that it grows five percent against the dollar per year since and we’ll talk a little bit more about that coming up but it basically it’s a market pegged asset works just like bitusd and next question is you know what platforms are we going to be advertising on we’ll cover that coming up a little bit although a lot of that is determined by our advertising partner that takes over tomorrow that doesn’t mean I won’t write stuff but they’re going to watch what I write because they want to manage the brand I mean these guys are pros and they have access to every media out there you’ll probably see when the time is right mainstream adds like a Geico ad or something it could happen right now it says we could use a hero to help medical marijuana industry yeah there’s a lot of people in that industry that need a currency that won’t be interfered with you would not believe the number of people Michael talks to on a given week interested in in that so this would be a perfect thing for them to use and let’s see the idea is not to spend BTS so a good thing to go over is how do we get cash to spend anywhere it accepts MasterCard okay I’ll leave that one to you Michael when we get towards the end and then let’s see we’ll just I’ll come back and I don’t want to repeat every one of them until we get I wanted to pick up because some of these will cover in due course that difference between pictures here oh and it’s cerium well the hero is basically a asset type or some type of class on the bitshares Network Hysterium that is its own blockchain networking payment network as well as ether which is its kind of currency on the network bitshares is its own network and also a denomination or currency or share on the network as well kind of like Bitcoin is its own payment network as well as a currency on the network another question some merchants accept Bitcoin which is what makes it so valuable though merchants accept the hero ah very interesting many things to be said about that it turns out that accepting Bitcoin directly is going to become a thing of the past it’s been bitcoins advantage as you’ve indicated but more and more payment systems are abstracting that out and accepting dozens of different currencies so that it doesn’t become necessary for merchants to be aware of what digital currency is being used Michael’s got a company that will load a debit card from any of the main currencies including the hero and you can then just go spend it in debit card anywhere you want you can see that in video com so it doesn’t matter is the bottom line long term that that advantage Bitcoin has it goes away but keep in mind by the time the hero and bit sure is this number one will have that advantage if we ever needed I agree and also it’s maybe not necessarily to be spent to I don’t want to be giving advice on what to do with your money or anything like that me personally I see the hero as something that I would put my money into and keep into I wouldn’t necessarily spend it but I want to spend it I might move some out in to something that would be more expendable but the hero is supposed to appreciate at an average of five percent per year so if I were to be spending it I’m kind of spending my my nest egg that’s appreciating rather than letting it sit there and accrue so I see people as holding the hero more than necessarily spending it but I do also see people you know doing some transactions and I see people holding on to it as a savings more than anything like that but I see other people who talked about accepting it as payment I’ve accepted it already as payment but I didn’t cash it in I saved it so you know I would be willing to accept heroes’s payment for different things and how many people here if you guys know about hero’s would accept a hero think you know let me know because that’s important to us too we’re actually considering paying people in heroes for different asks so you know that’s something that’s important to us what’s the let’s see what are the hair max go ahead yeah that’s what I was going to talk about next what are the drawbacks of the DAC Eugene management issues this is actually an inverted question because if you look at the management issues Bitcoin has it cannot even decide what the blog new block type size ought to be Richard chairs has upgraded many many times during the past few years with new features the community has the authority to decide to do an upgrade and make it happen very quickly so it’s actually an advantage although technically bitcoin is a deck it’s decentralized it’s autonomous and it’s a company whether they realize it or not it’s just a very simple company and it’s unprofitable and it doesn’t have any kind of a management methods now one of the true interesting challenges is to improve management because when you decentralize management you pick up the the lack of immediacy that you know at a dynamic company with Steve Jobs at the head of it who can make an instantaneous decision I don’t get that type of flexibility and so you’re always limited that if you give any system that much power it’ll probably run away with you and become corruptible by some other outside power and using that against you so it’s a compromise but bitshares is actually one of the most successful government systems that you could get and still remain highly decentralized right that’s that is very important and that’s part of this part of the problem I guess and part of this solution that we have here is that we don’t have that central authority we don’t have that one person that can go and just make that decision and there are times that that is really really good you know when you’re worried about corrupt ability and stuff there’s also times when it comes to pivot that you’re not able to do quite as quickly and maybe that’s the next problem that we need to work on solving is how to get the folks that are voting in the delegates and everybody that are on this part of the system to be able to move a little bit faster and in those times be able to vote for initiatives and and workers and things like that and proposals that we put out on the network but that’s also part of the strength of this network is the governance of the network the way that we have governed it the way that it has been governed by the people we don’t always agree with each other and believe me there are definitely some decisions that are made I am NOT the most pleased with because it’s made what I feel is a adoption of bitshares a little bit more difficult that’s my opinion you know and that’s not the overall consensus of the rest of shareholders so I you know I accept to ride that out and hopefully they either see the light or something else changes or something else happens right it’s kind of it’s going to how it works well this next slide a good one because it’s kind of about the guy responsible for a lot of this now there’s a lot of folks that have worked on pictures that are responsible for what it is today absolutely but I think the person that dassault starts with is this guy right here Daniel armor which is Stan’s son and Daniel again if you guys have seen us speak previously but I’m going to just say again that Daniels really owned those guys who impressed me on such an intellectual level the first time I met him and then subsequent conversations at everyone since then I always have value any time I’ve been able to spend with him personally together with him physically or even on any conference calls and we spent a lot of times on conference calls in the past when um bitshares is being developed in the . everything features what I gathered from all those conversations is that he just has this vision there’s so much far beyond the scope of most people what they’re able to see or even care about we’re going to be able to implement work built and he’s able he’s been able to do that over the last few years particularly and I’ve been starting to see a pattern of him stair stepping everything that he’s been trying to do he’s building this out in increments he realizes that you can’t build a whole thing out in one piece he had to build it out in pieces and parts in order to get the whole thing into play and I see what he’s doing now and so Victor’s itself was a was a huge jumping technology if you look at blockchain technology and everything that we’ve discussed so far on this call you see that this bitshares blockchain is the most technologically advanced most scalable for commercial and industrial purposes and in most application technology it just is and this was a few years ago since then he was able to create the steamin platform which is again another technological success it then showcases the ability to have that many transactions per second that in a blockchain that’s not just used for currency or crypto or anything like that and in and of itself with this entire social media network that also has its own asset or currency that rides on it and that in and of itself is huge to to be able to that and make that leak from the bitshares system and the decks that we have to steam it and now te OS which again I believe is going to be on track to be the largest donation and contribution ICO in crypto history it’s going to it’s going to get there I believe it fully it’s only been what five six days out and it’s already in some of the top five or ten that have ever launched and it’s still got another three hundred fifty something days to go so we’ll see what happens I myself am really excited about the advent of that technology and what it’s going to do for bitshares what’s going to do for blockchain technology and the world at the hole Daniel you know and he said this ever since I met him is that you know he and his principles and what is his goals are secure life liberty and property for all freedom you know to make your own choices without third party stepping in or people getting involved and that that was really great and so like I said you know he really impressed me first time we met he talked about everything from flying velocity and technology to the insurance industry entertainment to medical records to you know everything I think we’ve even talked about like DNA sequencing and all sorts of craziness you both this is the stuff that blockchain is capable of and years ago when I met and that’s what turned a light on for me I thought to myself this is way past Bitcoin we’ll wait a minute here I get it now and that’s why I’ve kind of just worked alongside as much as I can to promote bitshares and the understanding of this technology and getting some sort of adoption or usage or anybody that to really understand or shape any sort of course in this so that’s why we’re here and Daniel I mean he he walks the walk and I don’t know what else I could say about him other than he is one extremely smart person that has a lot of convictions too and it’s based not just on his word for his actions and that I can appreciate quite a bit so I’ll quit quit on that slide and can move over this one and this is a good timeline of what he’s done I’ll let you kind of go over this a little bit and then I’ll fill in it through thinking four years ago tomorrow we started a company dan it was the vision behind it he got some investment from a big investor in China within five months on September th Guy Fawkes Day or November th Guy Fawkes Day introduced proto shares which was just a clone a Bitcoin but it was a way for people to own a coin that could then be upgraded to the destination of over time so it was the role ETSI Stiletto yeah it’s it was an early crowd funding mechanism a distribution mechanism where people could mine coins and so a lot of bitshares distribution comes from the same type of mining model as as Bitcoin but within a couple weeks all the big Bitcoin miners were turning their power over onto that day we put a few hiccups in there to make it so they had to modify their code but didn’t take them that long to do that and then suddenly they were sucking up all the proto shares just like they suck up all the Bitcoin and selling them into the market so we came to the understanding very quickly what’s the point if people are selling them into the market why don’t we just sell them into the market and bypass all the mining mythology that even today over half the bitcoins out there are mined by three companies and sold into the market so that’s where we started the trend towards initial coin offerings proud sales that’s where the model that’s being used right now in the eos distribution was first invented in something that was called angel shares at the time which gave people a chance to compete for a small group of shares every day for a hundred a period and so oh this was very cutting edge at the time and now everybody’s doing it but what happened is a year or so later bitch Ares came out and it started running and proving that you could put an exchange on a blockchain not just a coin and a whole smart coin factory for that matter then he went back to the drawing board and decided to accelerate it and a year later came graphene which pitch here is upgraded to and that’s what gave us the Lightspeed performance we’ve been talking about and steam it then pure plays spun off using that technology and now when EOS comes out about a year pitchers will just adopt that technology that’s huge because the other competitors out there are still stuck back saying we can’t upgrade why can’t Bitcoin upgrade to this technology right now because it’s run by miners and the miners make make money and they have a monopoly on it a few big miners so it can’t upgrade to something that would eliminate those miners it’s stuck in the Tar Pits but we don’t have that need to stick with year old technology we have demonstrated a smooth three second upgrade multiple times and that’s what we’ll do a year from now when EOS comes out we’ll do an upgrade to that technology while continuing to keep everybody’s ownership in the in the current system intact not change which is really saying that’s the disagree point is that only son of lot teams have been unable to keep up with changes have been able to keep up with and pivot with what happens in the world and I’m sorry you know it as a business owner and being in business you have to be able to adapt or you will perish that’s just the way it is this years has been able to adapt and continue on and not just adapt but to evolve evolve blockchain technology evolve the way that people market their blockchain businesses even with the ICL model structures that are out there today and can we did why don’t people like seoeon bitshares because they don’t know they don’t know any better that’s one number two you know aetherium is a more widely distributed token so it’s easier for them to potentially you know have distribution but when you have these problems of these ico shutting down entire payment networks you know when is enough enough so I see a lot of people in chat being very upset about Assyrian and about the clogs the congestion incoming it took me five days to get Experian the other day no you know customer service support help or anything like that until it finally came through it’s just because that network congestion stuff it’s really difficult to do business like that so they don’t I don’t think understands and as soon as we start having some high profile icos on bitshares i think you’re going to see a lot of people looking at it and say that’s where I should be at and that’s something I’m working on personally is bringing my profile i ciose to this year’s network over the next six to twelve months I’ve got about fifteen to twenty very very good i SEOs that are lining up and we’re just getting ready to put together the right team we’ve been putting it together now for the last month we’re going to have the right team to start pushing these out on the network in a very thoughtful good marketing campaign of good businesses but yeah now I think we’re going to have to move along because I’ve got about another half hour and then we can leave you answer all the rest of the questions if you want I like to get to the answer a lot of questions excuse me the big elephant the room question a lot of people are asking is if this is so good why aren’t people using it and the answer to that is because we have not had the marketing in place to do it what are the strategic alliances now one thing I will certainly say that clean aetherium have done their homework those teams did make good alliances and as a result they got a lot more adoption our approach has been if we build it they will come and it ought to be clear that building that system is not good enough you’ve got a market it you got to make strategic relationships and we’re finally doing that we finally got a team in place that has brought in an unbelievable number of supporters and investors and marketing power and we’re going to start leveraging that so once we do that we think that we’re going to have all the market liquidity and everything else people expect in order to adopt something the only reason people use the etherium is because it had more raw money sitting inside it they could be spent on the ice ago once we do that same thing that limitation goes away and then people will pick it based on performance we’re seeing people move from ethereum already and so we’ll see that become an avalanche in Cibola there’s actually some of the top bitshares markets out there and you’ll notice that since we look at this hero has appeared in two places those markets are now becoming more popular although they still lack a lot of liquidity that will come once we get some marketing but Swabians been building a bot that will help keep that market making function alive and that will help improve the liquidity and that’s necessary before big sponsors are willing to put a lot of money into it because anybody that has a lot of money doesn’t have time to sit there all day keep adjusting the buy and sell walls we’ve got to get that automated before things will pick up and work as smoothly as we like and that’s coming up in the coming month yes that is coming up in the coming months so we do recognise the need for that and there are two different groups that are going to be using the heroes they’re going to be people who are going to be borrowing or shorting them in existence of speculating a little bit more and taking a little bit more risk for greater rewards and there’s many people who are using the hero to just buy the hero to just have a quote unquote safe-haven you know to sit inside that and to get their percent interest per year and to be comfortable with that so there’s gonna be two groups of people that are there and you know group to where they’re going to be just more concerned with the percent not borrowing or speculating or gambling a little bit more on the market they don’t need to be educated about shorting a hero or collateral ratios or any of that sort of stuff what they need to be educated about and concern with more than anything is just being able to have their money in a safe place that’s accruing interest in a safe way honest money that’s backed by something of value that they can be reasonably assured is going to maintain that value and increase in value and that’s that’s its value prospect for them just as much as a bank try to make a case we’re having a interest rate of less than % on your savings account and people buying it every single day is that average national interest rate this point is zero point two two that is it’s crazy you know when a hero is percent and that I don’t think is a very hard value proposition for people once they understand that they can just put it in there and they see that value rise let’s see so this slide right here what were you doing with on this good – I don’t know we fluctuating market cap so much per day right now it’s it’s hard to keep up with it but you know the point is it sure is is already out there and been there for a long time adding the hero is the thing that can you know basically give it huge new legs because it’s something that we can market to the average person and that’s huge and with that everything else then can build a wrap we build around it and that’s what our marketing campaign can go now because we don’t have to go explain all the technical superiority differences we just talk to people about hey some heroes earn % and have a nice day so we’re leveraging that and that’s what enables this new marketing campaign or coming up with food right okay so on this one you’re going to talk a little bit about smart coin so the hero itself would be what’s determined to be a smart coins people heard about you know smart contracts maybe you may have heard of them smart climbs they may have heard of them maybe not what is a smart way and well okay best friend we start out with a dumb coin bit coin I’m not being purged or ative but bitcoin is a dumb coin it sits there and gets passed around but it doesn’t have any processing inside it it’s just people traded based like a dumb thing so silver or gold whereas a smart coin can be programmed by a smart contract to guarantee a share of another asset that’s put up as collateral to bakit and so you could make the equation be anything so people are talking about a definition that actually oscillates in time for certain applications and in our case the smart coins mostly say this coin is going to track the value of some of the fiat currency like the dollar euro yuan whatever but with the hero it actually closed in a growth factor of % annually and so it’s equation is a little bit more sophisticated and a smart coin is simply something whose value is defined by a smart contract in terms of another asset that backs it that’s interesting I know I am the next one we’re going to shoot some more about the hero and how the value is determined and all of that on this slide you know that what’s really cool about this is that you do get to see the usage of smart coins catching on quite a bit and the orange one is bit CNY so it’s actually Chinese currency right that’s that’s paid to the Chinese yon right and so if there is their reviews I mean they’re very pointing I into that that’s I mean I got a screen over here at some point but you see a lot of bit USD see bit see and why you see some euros but you I mean you see a huge spike in the last is this is this weekly here yes right every week for sure yeah thatis that is crazy I it has an absolutely crazy and you do see a live volume I started checking the volume of the market I’m using and there’s quite a lot of people that are putting money into become our coins because they are paid to the same currency that they’re used to so that is another value proposition people know what gold is or euros USD they could put their cryptocurrency into something like that that’s easier for mass adoption this is something that we were arguing in Las Vegas and Austin about price table crypto currencies when we I said I remember sitting there watching Daniel talk about unveiling bitusd and holding the pig steady and it was so funny I watched a video the other day and I was thinking about Erica da audience when this was going on and some people know I didn’t got it a lot more of them could not wrap their minds around how a cryptocurrency could have a stable value and it still to this day I see people getting to this look on their face like how is it possible so I think it’s possible through a smart coin to respond contract and through what we built right years ago here so this is a good example right here display which is the hero this is a smart coin with certain capabilities you’ve got bitusd pages of press the US dollar of value of the US dollar figure Oh same thing big gold pay the price of gold gold gold goes up and down that coin where that token goes up and down with it right so that is that it’s a smart coin bit Bitcoin value is determined by the market if you traded it any value for smart or it’s a dumb coin right does it have any sort of capabilities or values or anything like that what is different about the hero from a smart coin of like a bit USD to what we’ve got with the hero farmer well you know the big thing about the hero if you look at this chart you’ve seen the part done at the bottom it shows how the dollar has decayed because of people printing money but a reserve took over in and has been steadily eroding it ever since if we define the hero as starting the same day the Federal Reserve took over December a date that will live in infamy and instead you said ok we’re going to grow at % every year relative to the dollar what you see there in that upper curve is what the hero would have done if we had started it at that time and in fact that is its defined value today which is upwards of one hundred and fifty five dollars or something on the market right now because it’s defined to have grown along this path and so it doesn’t mean that its purchasing power doesn’t go up and down but it’s biased towards growth and that was the innovation that we put into the equation to make the hero attractive to the masses because if the choice is to hold dollars or to hold the hero and I think we can sell that as a better thing to do and that is the giant sucking sound that moves Fiat into the bitshares ecosystem I really agree with that too when when finally clear for people you will hear and I heard you say that before a million times it makes me laugh every time the giant sucking sound going anywhere ecosystem you know that that’s what I want to hear that’s what I’m really compared for and that’s you know so the value of the US dollar now is like what was like and some change it goes up a little bit every day because of the way that this formula works the value in and of itself is supposed to continue to rise up every day so people I see questioning here saying how the bikes and interest rate relate to a coin that will probably have a large trading range buying best now it seems the coin would write farm prices totally dominate % not sure what % is related to pike centrality to the value of the US dollar so % what one of the things that the % does is define what the force settlement value is yeah and and that’s the only thing that is fixed is the price that you can force the system to cough up that many bitshares at that price yes it can fluctuate around that with supply and demand and as supply and demand grows that should become more stable but not absolutely stable because if there’s more supply than there is demand the price will sag and it’ll also grow but you always have a point of reference of what’s backing it and that’s the key what is backing it is bit shares that are held in escrow on the system and the system promises that if you want to within hours you can cash it in from the system you don’t need to find a buyer you can cash it in from the system for that specified price and that specified price is what grows at % right that’s that’s really important parts of this actually so I’m glad you mentioned that is that they don’t have to find a buyer they can settle out whatever they want to holding that geared up for bitshares and that’s a valuable asset as they can go trade they can go spend they can go load into their bank account what with their debit card using the remedial service that we have or there’s other ways to do it so this is something that and actually be able to get the money relatively quickly too so that’s let’s see why not market the hero to exchanges as US dollar alternative that’s probably what’s going to happen here after we get more volume and some usage out of it and more and more people holding it we’re going to hopefully see other exchanges not just picture this changes maybe some other ones participating in that because they see the value of holding those heroes because even those exchanges can participate and getting that extra % but if they want to let’s kind of go on to a little bit more site I know you’re under some tyson straits here so we’re now we’ve talked about two different kind of camps for for the hero the savers who just buy the hero’s so they have something that is accruing it at a reasonable rate of appreciation five percent what are what are we looking at right here which is i think the other group of people that speculators i’m really really happy with this chart because i finally found a way to explain this it’s not complicated at all well you all know how to get a home equity loan you go to the bank you give them the deed to your house and they lend you money and if you don’t pay it back they take your house easy peasy right we just found a way to take that loan if you will and loan it in the form of a coin called the hero and we instead of giving the lead to your house to the bank you give them control of your bitshares so you still own them just like you still own your house but they’re locked up as backing for the loan you took out and the loan is in the form of this new coin with all these wonderful properties we’re talking about and you can go spend it and when you spend it it circulates just like another coin backed by your equity which is locked up so that if somebody needs to ever cash it out they can and the rest of the system is just the blockchain managing that banking function of locking up escrow and putting a coin back by that escrow in the circulation now in the event that bitshares double in value when the time comes to pay off your loan you’re only going to need to have as many of them to pay it off and so you go out on the market you buy a hero for half price because the coins of herbage shares have gone up by double let’s say and that you got it for half price you can go pay off your loan and guess what you just made it appreciation that’s the same thing people do when they take out a mortgage on their house and then they come back ten years later and find the housing prices have doubled and they pay off their house with cheaper money and that’s all profit and that is the motivation for people to borrow because they think the cherries is going to go up of course if you take and sell your coin in order to buy you know cases a beer or more batarus whatever you want to spend it on and if the chairs goes down now it’s going to cost you twice as much to buy that hero back so you can pay off your loan that’s just like the housing market collapsing and leaving you stuck with a difficult time paying off your loan so all we did is make that an automated process and what the hero becomes is something back buy assets stock in the bank if you will in this case the by tears Network and now you know if you were backing it was gold in a bulk how do we really know that there’s gold in Fort Knox or that a bank hasn’t sold that gold gold to five different people or a fractional reserve eight or whatever in the bitshares system you can see that every one of those heroes is backed up by at least twice the value of it so that when the time comes to cash it out you get a full hero’s worth of those pictures that you can sell and the person who took out the loan gets the rest which hopefully will make a profit but if not they take the risk the holder of the hero doesn’t take the risk and so it allows two kinds of people someone who wants to bet on bitshares going up they take one side of the bed and the other person says I don’t want to risk it going down so they hold the heroes and they just swap what the benefits are the two points buy a smart contract that is enforced without any counterparties yeah yeah pretty much um welcome question to this infamy it’s a preteen five percent well the five percent comes out of the settlement cost if we just sit statically and let’s say the cheers doesn’t fluctuate and I took out a loan when I have to go pay that off the value of the hero has gone up a five percent over a course of a year that means that the escrow I set aside is going to not going to have to use an extra five percent of it to pay it off and I would have when I first did it I’m counting when I do that that I can grow faster than five percent the bitshares will go faster than five percent and in particular we’re saying a factor of , like Bitcoin theorem have done and so if we can show our plan to make it grow that fast a lot of people will want to issue the heroes and that will make a big supply available to people who are retirees who just want to secure savings and when those retirees spend them they just transfer to someone else with loan stays in existence when someone wants to force cash it out they can do that but by then the back people who took that that I’m making is it will have grown more than two and a half percent remember to double the amount packing it so you don’t have to go two and a half percent to get enough to pay the five percent right so it’s a pretty good bet that it’ll grow two and a half percent not guaranteed and we see examples if you look on a very narrow time window where you could go backwards so you want to make sure that you have extra collateral put aside and we’ll talk about that a little bit right that’s that’s important stuff so again if speculators are betting on the value of pictures rising enough to cover that % and then some that’s really what what’s going on there okay so that answers a big question because a lot people have that too let’s see here so he says is this % times the current value of the US dollar five percent regardless of the current value of the US dollar is five percent at the u.s. dollar at since then plus five percent Acy so if the value of dollar plunges the value of the US dollar plunges right now half of what it’s worth in the euro is going to be worth half of what the US dollar is worth from up until this point so if let’s say it’s worth six right now be worth half of that pretty much right it’s not because it’s defined in how many dollars you get and if dollars worth half as much then your values half as much the hero is not guaranteeing that if the dollar collapses it won’t follow it down though this collapse five percent less but in general during normal times the hero is useful for canceling out inflation and in the event that the dollar collapses guess what people who issued the hero make out because they they’re the ones that get the benefit of a collapsing dollar so I was going to actually mention I did see a lot of folks but basically borrow a bunch of heroes into existence when the price of pictures was a lot higher and then I saw them selling them at a premium when bitch your started going down I saw the heroes go up in value they went up from whenever I think they were like I’m $ or something like that when pitchers would continuing to go up and I saw people buy them for dollars ever a hero so people were making $ per hero just on those sales when the market turns so even the speculators who borrow those is the indie existence took that risk they flip that risk back over and made money on the downstream yeah of course they’re taking the risk if it keeps on going down sooner or later they’ll get margin called and you know have to pay the piper but if they’ve got adequate backing behind it they can weather the storm and if their long term bullish they can make money on both sides of that because anytime the market is dropping the hero is rising because people want it as a place to weather the storm and right now because we’re just starting it weren’t enough to go around so people were fighting over them and that means of premium price habits here’s an example of levels of risk because sometimes people I don’t really understand what why they’re buying things and so we’ve seen some fluctuations just because we didn’t do a good enough job of explaining it to people so let me try to remedy that here there’s several different levels in this contest we have by the way no purchase is necessary you can play the game that we’re going to be talking about and earn free Rose which is just a dumb coin that we’ve created that allows you to earn points for doing certain things in the contest and those help those count towards winning the contest but not as much as some of these other things the things that are higher risk gets you more points and require greater expertise if you’re playing in the contest so buying a hero is a pretty lowest thing to do because it’s backed by twice its value in pitchers at least and backed by the the entire platform with no counterparty risk so you can buy that if you’re a retired person and it’ll be you know it’s not completely risk reading the whole world could collapse and and the dollar could collapse and things can happen but in general in the whole digital currency space the hero is remarkably safe by comparison to say buying Bitcoin which could fall in half any given day it’s been more stable cently but it could the next step up is if you’re recognizing the fact that we’re putting a contest in place specifically intended to cause people to learn about the hero and pitchers and anytime someone buys a hero it’s putting demand for someone to buy bitshares to make another one to replace it so everything we’re doing is driving is intended to drive the bitshares up by factors of in the coming year or two and so buying bitters and just holding it don’t anything fancy if you’re not an expert you’ll have to clear up to the next stage but just holding pictures it’s got flexibility we’ve seen it go way up past and we’ve seen it come back down with a half % correction yeah that can happen but over time we think that’s a good bet if you can stand the volatility in the meantime and then at the ultimate high level if you’re an expert you can borrow heroes into existence and use them to buy more pictures and that gives you leverage double the risk but you know a chance to really make out good but you got to pay attention to it and we got to discourage people from doing that if they don’t know what they’re doing just stick with one of the lower levels all of those things will contribute to scoring points and notice that you’re not giving your money to anybody else you’re just building your savings account up with a basket of these different kinds of assets and holding it as your savings account you always control it the only thing the contest does is give you credit for doing responsible things learning how to use our system and that controls who wins the ultimate prize which charity or other good cause wins but you’re not actually extending any resources to us or to that cause you’re just saving it and getting credit you get to determine which cause gets credit for you being responsible mm-hmm I think those are those are great points to an a that’s a great way to explain the natural progression of understanding for some of the folks that are out there that are in the crypto world or understand a lot of that is just getting a free ro you know buying a hero buying some good shares and a piece of actual network and shares in a network and it actually leveraging those and getting some heroes borrowing the existence showing into somebody else or keeping them or using Leafly mortgage shares or whatever they’re going to do with them um this is the this is a slide that you really like which explains kind of what you just talked about with either a person a company and I vo anyway regular a team of celebrities that are competing for a billion dollar prize perhaps something like that can use this method of what you just explained so you want to just do a quick run out of this slide right here an explanation of it you kind of did just a moment ago but this is a good visual of it yeah and I’m going to do it very quickly because I got five more minutes but this is just saying that you know we’ve talked about doing one little operation but if you set it up so that you have a stream either savings from your paycheck a certain amount every week or if a company has a profit stream or whatever if you do that on a regular basis then basically that stream gets used to purchase pictures which could lock up in escrow and you borrow against that stream to just fund whatever you’re doing you know to pay your mortgage or to pay your employees or whatever so we’re working with a lot of startups on this model where the investment dollars come in and get locked up in bitshares ESCO and they borrow against that to fund their company meanwhile the it’s causing buying pressure on pitchers which makes the chairs go up in value so that they never actually spend the company’s equity that equity is growing and every other company in our incubator doing that same thing is all causing benefit every other company and part of the contest is to get everybody in the world doing that so to go to the next chart and look at the you know yeah look at a imagine every company and every person out there is got some revenue stream going in there into their savings plan and they’re spending heroes into circulation those heroes are backed by a growing value of bitshares and that is the you know virtuous cycle that causes bitshares to be biased towards always going and more we’ll do this the more heroes are taken out of circulation the more valuable they become and the less risky it becomes to do that borrowing heroes and shorting them into into circulation so we’re out there with this contest encouraging and trying to get everybody in the world we won’t get them all some people just won’t want to do something that complicated but a whole lot of companies we’re working with will do that and that’s how we buy us pictures towards growth and that’s how we get to the likely event that we can do the growth to a billion dollars from a million dollars in less time than it took Bitcoin in this area I got so look at the very top left corner the hero backed by bitshares bitshares are backed by business we’re trying to work to get a lot of businesses buying pictures in this model so that they get lots of growth themselves and that’s what backs that share is to make sure it grows so that the hero can be generated safely by lots of people all right so could anybody from like you to somebody just taking some savings you know other normal paychecks be you know companies that have existing revenues or existing businesses can be people who are doing ICS or crowdfunder anything like that you take funds that are putting in their five bitshares not spend their VIP shares they still own them generate heroes to them pay for their stuff buy more bitshares increase your investment leverage or whatever is there looking to do but be able to still hold those assets and as they’re increasing in value take more of a loan or take more of Heroes out or decrease the amount of collateral they have in their of their investment right and so they be able to decrease that down okay so these are all these are all really great points that that you’re covering right here so we’re throwing a contest and we’ve got four minutes so we’ve got a billion hero challenges is what the contest is and let’s explain how this works so there’s a billion dollars in and we’re breaking it down to twelve different teams are going to get a payout when we hit a billion dollars credit that’s correct and that’s that’s measured by a weighted sum of all the members of each team you can join a team by simply pointing your up proxy link to the account of your team leader and that team leader gets credit for doesn’t get your money just gets credit for how much of the different things you’ve done how many heroes do you have how many have you shorted how many bitshares you own and how many of the free rows have you accumulated by participating in different ways to earn free rows that probably will create a little market for the pre row of people who earn them and so the people who want them for the contest reasons who knows what will happen there but that’s just another little side issue like that when the final value of that prize money which will get put in place probably tonight at midnight grows from a million dollars to a billion dollars then whoever is in st through th place in that scoring mechanism will be issued those that amount of bitshares for the cause that they have been championing so their job is to get as many of their followers as possible to participate so that not only do the followers gain their own knowledge and and savings but their team gets a chance at chunks of change that they can spend on something that those team members care about ok so that and that’s a billion dollars we’re giving away here and definitely be seeded by how much is that going to be seeded or what where’s that money coming from well what we did was we picked a point during the past month where we crossed for the first time a x growth from our minimums we started out a couple months ago with the chairs worth a third of a cent okay and when it reached a third of a dollar back on June th we lock that in and said guess what we’re not going to that first x growth we’re going to start the contest there we’re going to put three million bitshares at cents into a kitty it was worth a million dollars at that time it’s come down a little bit since then but that’s okay we have to climb clear up to a thousand times that cents so that’s three hundred and thirty three dollars is what bitshares will be worth when the contest is over and if we can do it faster than bitshares that’s probably faster than aetherium in Bitcoin that’s probably sometime this decade that the prize will be ordered I agree you put it in perspective hitting three hundred dollars for crypto it’s not that difficult that’s going to happen several times now so in the doable entirely doable especially when you’ve got an initiative behind you so speaking of initiatives we’ve got a bunch of different folks that you have been tirelessly if you’re working it and networking and moving and shaking and I’ve done a little bit of work on this too but you’ve definitely been all over the place working on this and this is fantastic stuff so we’ve been putting together what we’d like to call our hero makers but anybody can be a hero maker anybody can be a hero anybody can participate in this you do not have to be rich famous good-looking although all of those things you help so these folks are what are they doing out here and how are they helping us achieve this billion dollar prize well each one of these persons has a group of fans or followers or a network of friends that they think that they can a list toward some cause they believe in and that their friends believe in I’ll publish an article tomorrow that talks about who these people are but some of them are very famous super respected people some are controversial some are unknown I selected those just to give you a sampling of the variability but since anybody can lead a team even five has put out a post on statement to lead a team and so over time I’m we’re not trying to bias gook and then we’re just getting a few leaders to sign up to get it started they could win or somebody could come out of nowhere and win it and we don’t want to constrain who can win it whether they’re the saint or a sinner is not the issue it’s can they get enough supporters to vote for them to be one of the winners and will will let it go at that Brian Williams is a guy that’s got a big plan like that to bring a lot of his friends together to do concerts and all their fans will be recruited into his plan that’s just an example of one guy’s job yeah I do not drive one of the teams right we’ve got a lot of teams but the city so he what he’s doing is he’s putting together a lot of other influencers that he can use and leverage and work with to win this challenge faster and so I think we’re going to see other people and influencers like that aligning to be able to do the same thing and this is a really good example because you see a lot of people who are you probably recognize pictures on here yes all right cool and so this right here is going to be an example I see this is an example of the hero to the pictures market right now correct where did I lose Stan here oh I didn’t stand all right so so questions Glen shoot me any questions that you have right now we dressed quite a few of them but if there’s any of them on here that I can jump on let me know and may have been lost yeah he did have to go so if you just mention that previously uh so this is an example right here of the hero market as you can see right here the big-haired X is a little interesting you know folks are using and starting to get used to it but like anything else to work in progress markets are always going to fluctuate and as I mentioned be able day now I’m sorry just go just a little bit ago yeah and the other day when I changed some folks when you see the pictures market go down and you saw the hero jump and value and it did stabilized after a little while but people were jumping over and moving into it as a way to shelter the storm and way to shelter the downturn in good shares somebody asked a question uh am I worried about the bitshares price up and down or whatever it’s done recently no I’m not really too concerned with the the value or the price movement of pictures before the launch of the Hero competition just because it’s July th does not mean that everything’s going to happen all on that day and that’s just the beginning in the launch the start of the competition we anticipate this competition could be anywhere from months to maybe even a couple of years long we don’t really know what we do know is that we’re going to continue to fly around to teach to educate to get more hero makers and other influencers involved I’m speaking at several engagements this month and next month on blockchain and crypto currencies so I’ve got a lot of media interviews scheduled and I’m working out more of them right now so we’re going to be getting the word out on this but we need all of your health just as much to either make markets if you want to speculate to educate other people about this to show folks how easy it is to just be able to save some of their assets in something like a hero or bit yesterday anything but this is about the hero challenge in general and being able to give away this money we are putting that money into escrow with the intention of giving it all away when we hit the billion dollars you know we don’t want the billion dollars we want to give to other people the whole reason why we’re doing this hero challenge is to get people to understand the technology somewhat but some of them aren’t going to understand that more so it’s going people to have confidence in digital currencies crypto currencies and what value they can offer them once they get that and have that aha moment like a lot of other folks that had on here like all of us did not start out knowing as much as we know about cryptocurrency and blockchain but we all had that one moment where we started dabbling and then the light turned on and that’s what we need to get a lot of these are the folks understand to it that they can put their value in something other than us bankers Bank of America and get interest off of it and have it be safe and also be able to move around if they understand those concepts which they do and understand the ease of use by it it was going to succeed Stan and I have lots of plans as we go along there to hero initiative moved forward with the company here anomic we plan on creating a much easier to use wallet we plan on other initiatives we have marketing funnels that we’re creating with our PR marketing firm out in New York right now and you’re going to be seeing a lot of that as we go along let’s see here any plans to create a customized hero bit Cheers you interface yes absolutely we did we are creating bus right now to increase liquidity standard mention that Fabien Zurich you guys know him as on the forum he’s working on those software bots for liquidity as soon as they’re ready to rock we will have them out and going the only way to get a hero coin by borrowing against or can we use bitusd you can only get it by using bitshares right now you can get a hero coin by either borrowing it using the chairs or by buying it using anything you can buy it with the USD if you want to and then you can settle it and get bitchy chairs for it so does that answer your question I hope it does so I mean if you want to tune that sequence you have it USD you could just buy a hero and then settle it out so see how it does the price shift for hero if bit BTS go up does a hero goes down it’s possible and if you saw the pictures go up the value of the hero kind of did go down in that people we’re creating a lot of heroes and selling them and as with anything else in the market as they start selling them they’re going to start undercutting each other more and more and more in order to get that hero’s sold eventually pushes the price down that price pressure but if you just hold out if you want to wait for a little bit it’s almost always stabilized and remember the hero has just started this whole thing it’s a smart coin it’s going to hold its capabilities only we can’t be responsible for what people do in the market just if you know people make crazy decisions see how does the price shift for the hero okay we can stretch that is there currently enough liquidity you buy heroes and current market I believe there is but again I would like to get these BOTS out there before we get a lot of speculators really getting out there and borrowing heroes into existence I’m just going to say this and again I don’t get I’m not giving investment advice or anything like that if you’ve got to be borrowing heroes in the existence for anything right now you’re going to be one of those Trailblazers just make sure you watch your collateral level ever you know I say every eight to twelve hours if you can just take a quick look and adjust accordingly to make sure that you’re comfortable if you’ve got a large pool of bitshares and you’re in this for long term in its win it game for bitter spin it shouldn’t be a big deal to add collateral I myself am doing that I’m in it to win it I don’t sell my good shares I never have I’ve got a lot of them and I really care about the ecosystem in and of itself I want to grow it you know and so whatever it takes for me to have to do that I’m going to be doing that and most people that are shorting these and doing it believe the same thing based on conversations that we’ve had with them but if you care about this contest you will just learn about the heroes about about borrowing and buying them about how it works Anna Kate other people you know refer people to the bitshares system and get the referral fee that you get for using good shares you know you get referral fees for that stuff it’s great and then I help them with the challenge or be a leader just like some of the folks on our forum I’ve already started getting referrals and building out their teams you know this is all work in progress you don’t have to be have a team and be ready to rock tomorrow you guys can still work on this for the next several weeks or months and make this happen let’s see here we plan to create a simplified wallet to buy the hero yes we do have plans to create a simplified wallet spy to hero the wall is the average wallet a little complicated I absolutely do agree I’ve been saying that for a very very long time and so we do plan on doing that I I would love to see you know bitshares initiative of a worker proposal to create a more simplified wallet for richer community in general but we do plan on doing that for the hero either way unless somebody steps up in the victory community and does it and we could assist in some sort of way or help pay for it that’s an option – we’re opening it pretty much anything right now to grow this because our overall goal as with anything is to grow pictures technology network understanding of it and the uses and use cases of it from both the best about use cases of victory technology we can point to niche areas we’ve put to steam peer plays all of those are great use cases most of them are working you know companies with market cap values of at least two three hundred million dollars and up over half a billion dollars maybe even pictures over billion about two weeks ago it’s a little bit under right now but that’s pretty impressive stuff for companies that just started within the last couple of years being worth that much one where’s the forum so I can follow the forum is bitshares talk org bitshares Tosca organ just google it you’ll find it there any other questions folks and then I will cut this off string now spin and I will plan on doing some more of these we may even get into the wallet and actually do some borrowing and trading of heroes so you guys can see it live in action as we go along but again we are going to have a replay of this in a couple of hours I’ll be answering questions in a chat you guys have me feel free to ask them in there I’ll be answering them I would really like all you folks to just send as many people as you can to this reporting if you if you’d like to – the link to register for it and we will be doing a replay again probably in about a week or so after in the United States I know not every merica here absolutely fact more non Americans probably than not but there’s a lot of people out there me mailing this out to a mailing list of about , people as well as dropping it into some cryptocurrency groups on LinkedIn and Facebook them and members up that will be getting subtraction on here so I would really like to get feedback on this presentation folks is anything that you think we can add some folks that they’d like to see us update the smart coin slides will update that we’ve actually updated it three times and you have to continue to update it but we’d like to really jump on and do whatever we can to help you guys out that in either educating others answering your questions make sure you join our telegram channel we have the bitshares dex channel which we’re Stan and I are on there all the time anyways but we also have a specific channel for the hero I’ll actually drop down to chat right now here we just go ahead and pause my screens and I will beat you guys a link to the hero channel this link right here drop that out to the entire audience as well as a link to the website where you can learn more about this hero and about the initiative we will be revamping the website to reflect some of the changes and just you know some overall a housekeeping looks a branding style based on what our PR agency is saying if anybody wants to put in for doing web breezes either web redesign or user interface for the wallet for a hero or for pictures in general private message me a on well we’ll say on telegram here and make it my info I’ll see you guys on here right now let’s see here this is my username on telegram feel free to private message me on there if you feel like you can contribute to the hero initiative if you think that you can be a hero maker or form a team I’d love to talk to you Stan and I will help you out in any way you can if you folks think you could help with the user interface or with web design or anything like that be willing to talk about that because we’re very serious about making this happen anyways I really appreciate you all for being on here thank you very very very much for being on and asking all the smart questions we do have quite a few folks on here for me advertising it nowhere near as much as usual I really wanted to make sure that we did this presentation to dis answers based questions give me standards only second time we’ve actually even done this presentation so there you go and we really want to again educate and show folks how to use this all of your feedback is taking into consideration everything you’ve been writing in here everything you guys stay on the telegram forum if you have anything specific for Stan a nice private message us on there let us know I really do like the feedback we do consider all of it and it is in our best interest at the end of the day whether you agree or don’t agree with how we do things or our initiatives or anything like that all we do really care about is big shared system the technology the community and growing it into what it deserves to be that’s it and however we have to to get there is you know Stan and I are are getting there one way or another so the train is leaving the station as tomorrow this an issue is starting and I hope y’all join and help grow it to be what it needs to be thanks a lot folks appreciate it spring some of the comments all right I will leave the comments section open here for about another five more minutes you guys want to give us any other feedback let us know what you thought about the presentation and send anybody and everybody to this to register for this I will have a replay on this presentation that they’ll be able to access anytime anywhere after this evening so anybody that wants to see the replay and get notifications about it and be able to have access to it just have them register for this web seminar all right thanks folks have a good time and appreciate it take care bye

https://videoblogsite.com/the-hero-what-is-the-billion-dollar-hero-challenge-bitshares/

[deborahdeshoftim5779]

Trelsi: The Pleasure of Un-Orthodoxy

I have to advise honest High School Musical fanfiction writers that they must shelve their fear of being un-orthodox. The HSM fandom is one of the least balanced I have ever seen, and I’ve been part of a few other major fandoms within the last couple of years. With almost no criticism applied to the major couple, Troy and Gabriella, then there should be no fear of going against the grain, even if that means a substantially smaller reading audience. I’ve just spent a couple of hours rewriting and adding to notes for my major Trelsi story, as I’ve been dilly-dallying on it for a while, working on a couple of smaller Trelsi projects. I love this story madly, because I’ve got loads of unorthodox additions, structures and changes that I want to make, all of which have been thought through over the last six months. 

The deal is this: non-Orthodox HSM fandoms are often better considered than the canonical pairings-- particularly Troyella. I’ve discussed the patent problems with Troyella in a current series I’m writing called ��The Marvel of Trelsi”. Check it out if you like chunky paragraphs, unbridled sarcasm and endless footnotes. This is because the non-orthodox ships must often sift through a large body of script and photographic evidence in order to build a case for their ship. Of course, this is not always the case, and this does not guarantee that anyone will agree with that interpretation. I personally much prefer a case for a ship that is built on script evidence, rather than photographic evidence, as the script is less prone to manipulation than photographs-- a screenshot could mean anything to anyone at any time. But even so, the non-Orthodox shipper often has to look beyond what they are given, whereas the Troyella narrative is so imposing that it does not lend to critical thinking. 

Of course, there are many non-Orthodox ships that I consider implausible or ridiculous. Not everyone bothers to do their homework. And building a case for a ship does not mean that one has considered the legitimate future for that ship, which I argue is somewhat important. (Depending upon how seriously you take these things). But they have often yielded potential scenarios of greater interest than what was given to us via Troyella. I consider Trelsi to be very much in this vein. Because so few fans are willing to consider Trelsi outside of Kelsi being a useful accessory to promote the Troyella relationship, then very few people are willing to actually think the potential through (soon to be discussed in my above-mentioned series) and see how that compares to the canonical narrative. I have to appreciate the very small audience willing to consider these things, but I continue, because these links and possibilities should be explored.

I don’t know about the writing process of other authors, although judging by the quality of  some fics that I’ve read in the fandom so far, I assume that many don’t have one. I like to write detailed character notes before even writing the first letter of the first chapter. I have to get to the very bottom of the character, and this is honestly where some of my best ideas with regards to the Trelsi ship have come from. In fact, I drew heavily from my character notes in order to write my current series on Trelsi, and vice versa. Up until today, I had been procrastinating on finishing my character notes for Kelsi (ironic, given that I managed it for this series!) and finally completed them today. Previously, I had been considering whether her inability to criticize Troyella would be a significant flaw, until I dug a little deeper and thought about why she supported this “relationship”, and discovered the real reason (which I will discuss in “The Marvel of Trelsi”! XD), which gave me a whole new perspective. I was like “YES-- this makes sense!” It’s amazing when you discover more about the character whilst writing them and then being able to develop the plot. And I contend that this comes from un-orthodoxy; I have to think outside the box and work with the limited materials available to me on Trelsi in order to justify deviating so wildly from canon. 

I wrote an amateur list of “Thou Shalts and Thou Shalt Nots” for the Trelsi fandom, which I now think wasn’t detailed enough with problems that I had when reading Trelsi fics. One of them includes an inability to write Troy Bolton as well as Kelsi Nielsen. I have seen a wide range of characterizations for Troy which range from an unrealistic, macho jock (not sure what script evidence supports that) to being a complete wimp and pushover, which, despite Troy’s plummeting self-esteem, is not true either. In fact, I discussed this in a footnote for my Trelsi series, that Troy can pluck up the courage to walk away from Gabriella during HSM II, when she had been deceiving and manipulating him whilst pretending to flirt with Ryan. There are clear moments when Troy is willing to try and persuade Gabriella, to disagree with her, to try and make her see reason. Just because he is not successful in these attempts does not turn him into a glob of jelly. Another characterization that I wish to challenge is that of Kelsi as being the perennial shrinking violet throughout the movies. I alluded to this during my “Thou Shalts/Thou Shalt Nots”, but I believe that time has given me enough perspective to expand upon that. It appears popular to portray Kelsi as always been the hapless, innocent, shy and sweet girl. I hope that I have brought more nuance and complexity to her as a character here and here. If you can’t see a decided evolution in Kelsi’s character throughout the canonical movies, then I must conclude that you were watching different movies. The key is to understand how much of Kelsi’s shyness remains, and how to balance that with an increased confidence. Because Kelsi takes love VERY SERIOUSLY (check out my analysis of her lyrics), there is little room for playing around with her characterization. This also undervalues the stories that rely too heavily upon the “Kelsi has a crush on Troy theory”, which I will deconstruct in my next instalment for “The Marvel of Trelsi”. (It’s coming. It’s coming... :D)

Another joy of unorthodoxy helps me to challenge the Trelsi fics where the result is a seamless happily-ever-after. I hate HEA endings with a passion-- so much so that I have committed myself to never writing one, whether for fanfiction or for an original. I’m currently working on an original story where I want my protagonist to fail in his quest, because the quest is so deep-rooted and draining that I’m not sure it can be won. It’s not that I advise being pessimistic in unorthodox pairings; I understand the desire to give two underappreciated characters a happy ending. But unorthodoxy is precisely just that. For every action, there is an equal and opposite reaction. Think about that. You need to deal with Gabriella, you need to deal with her friends, you need to deal with the dreaded status quo that the Wildcats claim has disappeared, but really exists throughout the movie canon. Personally, I embrace this challenge, and I’m very excited about adding in all my unorthodox changes to the Trelsi storyline. For me, I see no profit without a struggle, and I want Troy and Kelsi to struggle. I see no other way for them as a couple unless they have struggled first. Don’t follow the grain of Troyella where there is no struggle from the start, and everything only gets sweeter and sweeter. If you have a significant problem with Troyella, then you get to deconstruct this myth-- but don’t go overboard and decide to demonize Gabriella, or make Troyella into something worse than it is. (Although it’s difficult to see anything worse as far as relationships go). Play around a little within canonical constraints and plain old common sense. 

I despise fluff in most forms. I read Trelsi fic to learn from the characterization and to add to my headcanons. I actually do not read Trelsi fiction to enjoy the fluff, because I don’t generally enjoy fluff. I understand the appeal, but it never draws me in. Am I too much of a realist? But we are dealing with teenagers, if one sticks to the canonical narrative, and whilst that may be an argument for fluff, it certainly isn’t an argument for unrealistic platitudes of love. Despite the fact that Kelsi is a heavy romantic idealist (as is Troy), that does not immeidately translate into a sugary relationship with anyone. This is why I cautioned against sugary Trelsi stories. But don’t get me wrong, you can still get some classic romantic moments between Troy and Kelsi. I know, because I’ve been planning stories for the last six months. It’s just a matter of understanding what constitutes Troy and Kelsi’s relationship, that it is made up of small, notable and largely quiet moments, often demonstrated during when one of them (usually Troy, but it can also be Kelsi) is at their lowest. So from a writing technique, aesthetic and sadistic viewpoint, I prefer to challenge Troy and Kelsi before they deserve any romantic moments together. I take this same approach to all the romance fiction that I’ve written for other fandoms. If they haven’t suffered, then they don’t deserve it. 

(Fun fact: I used to hate the romance genre, and swore never to write it). 

I have attempted to demonstrate a romantic moment here:

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“Today, he looked casual, almost invisible, with his black jeans, sneakers and black shirt. Casual and handsome, she added, quite forgetting that she should have outgrown such thoughts by now.  

“Why don’t you play the rest of it?”  Without waiting for response, he had jumped off stage (she couldn’t help admiring his agility) and the next minute, was sitting next to her on the piano stool. Distracted by this, and possibly by his deodorant or aftershave or whatever, she stared at him before remembering that this wasn’t Junior Year, and she hadn’t only just met him, and she should just play the damn thing. 

“It’s kinda rough right now--”

He smiled. “Didn’t sound like it.” 

Relenting, she played it. And somehow, maybe because it was her first time, or perhaps because only Troy was there to hear it, she felt drawn in far deeper than she’d intended, so much so that when she’d finished, it took a moment to return to reality. Just the bare bones? No, she had accessed something deeper in the three or four minutes she’d played, and wasn’t sure how to retrieve it, capture the moment in a bottle and repeat. She stared at the keys, her fingernails and then the crumpled manuscript in front of her as though they’d suddenly appeared.  Jesus Christ. And finally, she glanced at Troy, embarrassed about zoning out on him. 

“Er… so yeah. That’s the song. So far.” 

For a moment, he didn’t answer, his eyes fixed on hers. “Wow… That’s… That’s nice.” 

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As you can see, I’ve reused the scene from HSM I, after Troy hears “What I’ve Been Looking For” in order to demonstrate the emotional connection that Troy feels-- canonically, I might add-- towards Kelsi’s music. Obviously, this is rough, so it will be edited properly, but right now (at 22:11pm), I’m thinking it’s not too shabby. Yet. :D I am going to have some fun coming up with more scenes, some already which are in my head. 

I’m onto writing my character notes for Gabriella Montez, which I will finish sometime later this week. That will certainly be fun as I seek to understand her motivations, and why she gets away with such atrocious behaviour towards Troy Bolton. 

Stay unorthodox! :D

[meulinthekittytroll]

Rant af I'm sorry

Yunno I don’t know what my dads problem is with my boyfriend. He doesn’t like him, at all. And I honestly have no idea why. Maybe it’s because this is the only relationship he’s seen me in? I’m not sure But if my dad could have seen all my past relationships he’d understand why B is probably the only one I could ever want to be with. There were some major people who impacted my life in negative ways and I’m still recovering from them. I will point out the major ones First there was David. He tried to kill me once, and manipulated me and made my self esteem plummet. (Grade 3-7) Yes, I know, 3rd through 7th grade and he tried to KILL you? Are you over exaggerating? No I’m not lol. Then there was Devin. He was the first boy to cheat on me. Which made my self esteem plummet even further. He also was the first boy to treat me… like I wasn’t a person I guess?? I don’t know how to describe that one but it made me feel very inferior. (Grade 6) young I know but shoosh this shit can happen at any age if you let it happen. Then there was Max. We never actually dated, but he is still very important because oh boy I crushed on this boy HARD from 8th to 10th grade. He and I had a thing going on in 8th grade but never quite did anything about it which only made me like him more. Then 9th grade came along and we only got closer but still didn’t quite do anything. (I also had a boyfriend at that time that I’ll get to in JUST a second) Finally 10th grade came along and I FINALLY made a move, only to get shot down, HARD. That was partly my fault I suppose for being too scared to tell him my feelings earlier than that. But still, ouch ouch that hurt me a lot. Jacob, the boyfriend mentioned just a second ago, this was a long distance relationship. He was a couple years older than me and I had never met him in person, I dated him because I was extremely lonely. This lasted almost a year, but not quite. It started out really fun because I could lowkey flirt with Max but still have someone to go home to and text and get the feelings of love that Max didn’t give me, I know I know that’s borderline cheating but hey I was in 9th grade and I was stupid in love with Max and it was just a messy time in my life and Ive obviously learned from it and cheating is disgusting ugh……. ihatemyselfAAAAnyways, as the months rolled by, things slowly went downhill with this Jacob kid. He just was a downer. We both were depressed and got even sadder when we realized we couldn’t meet for a long time blah blah you get the point everything was a mess and he made me extremely unhappy, that was a very toxic relationship and I’m glad nothing ever became of it. I haven’t talked to him in almost a year, I hope he’s doing well. Also in 10th grade I developed this crush on this boy named Anthony and he was a dorky kind of cute, tall and scrawny but still muscly, I dug it. I flat out told him I liked him bc I didn’t want another Max situation and he seemed interested at first until he told one of his friends that doubled as my friend that he wasn’t interested so I obviously found out and got shot down again. Ouch! When that didn’t happen I started talking to a good friend I also met over the internet named Gavin and wowie did this boy make me feel wanted and loved. I had a brief thing with him previously but it never followed through, due to the fact that he was a dickbag and cheated on me and blamed it on some personality disorder where he needed more than one girlfriend to be satisfied *cough* bullshit *cough* but anyways, I tried it with him again the summer going into 11th grade c he was sooooooo sorry and loved me soooo much and wanted to marry me (gag!) anyways, things were good for a while but then he slowly stopped talking to me and cheated again and all this other shit and as my confidence in myself slowly went down the garbage disposal as it had been since like 4th grade, I finally told myself enough is enough and told him I was done with him. I told myself I was done with boys until the right one came along and treated me right. As a junior at a new school with no friends, I assumed it would take until junior year of COLLEGE to even consider boys again (besides possibly sleeping around once I got too tired of being a virgin kek) But yunno, life throws unexpected things at you. I remember the night so clearly. I went to bed finally content with being alone, not having to worry about any boy cheating on me or making me feel bad or putting me down constantly. Then, wouldn’t you know it, the NEXT FUCKIN DAY, this super duper cute boy I had seen a few times around school walked into my first period photography class. And I thought to myself “fuck.” Bc I immediately knew something would happen between us. This boy was he perfect mix of goofy, nerdy, and cute as fuck, with a hint of holy shit you’re SEXY. Exactly my type. Tall, dark, and handsome (a spongebob reference has never been more relatable) ((besides maybe “i’m surrounded my idiots”)) ANNYYYWAYS Me and this kid start talking bc I grew a pussy (not balls bc balls are sensitive and vaginas take a pounding) and gave the kid my Snapchat. That same day I reaaallly wanted a chance to talk to him so I posted a pic on my story of me and my dog havin’ a blast (rip Lily u will be missed ily thank you for being the reason the loml messaged me for the first time) anywho, HE MESSAGED ME FIRST AND WE STARTED TALKING AND SHIT bc he thought my dog was cute af (which she was!!!!) and we kept talking and talking and found we had so much in common and finallyyyy we admitted to each other we liked each other and started dating soon after and I’m spare you all the mushy details of how that came to be. Back to the reason why I started writing this little rant/story in the first place. My dad borderline hates the guy. But what my dad doesn’t understand (which is a lot but these next few sentences are important) Every single relationship I’ve had, was with a guy who has done nothing but lead me on, cheat on me, or abuse me (both physically (which only happened twice thank god) and mentally (which happened SO MUCH OH MY GOD it’s so much harder to catch that than actually getting physically abused) Yet, my current boyfriend…. we’re gonna call him B, bc his name is unique and I don’t want people knowing who I am if this ever gets read by someone who knows me and cares enough to read though all of this. B is the most beautiful person I have ever met, inside and out. He makes me feel important. He makes every day a blessing. When I first moved in with my dad in the beginning of 11th grade, I was a complete shut in. I hardly ever left my room besides to eat and bathe. After I met B, I started opening up and spending time with the family, and I made such amazing friends at school that I would have never talked to if it weren’t for him. B makes everything exciting. Of course we have had our fair share of bumps in the road, but ever healthy relationship does. And yunno what else healthy relationships do? They talked them through and fix the problems!!! B has made it so clear to me that I am worth all of the shit that goes on sometimes, and believe me I can be crazy so that is saying something. And oh boy is he a package deal too. He’s constantly got something going on, he’s quite frankly an idiot sometimes. But hey, he’s my idiot! I’ve never woken up and been happy about being alive since I was like 10, until B came around. B completely flipped my view of the world around. We tell each other this thing all the time because weird kinda opposites when it comes to certain things. He looks like the moon, but is the sun. And I look like the sun, but am the moon. He has dark hair and he’s got olive skin (very Italian looking) looking like a human version of the moon. But he has this optimistic view on life, the personality of the sun. Then there’s me; golden brown hair with fair skin, I look like the sun. But I’m kinda a pessimist, and I also am quite the night owl (he definitely isn’t!) personality of the moon. That might not make sense to you, but it does to us. I’m getting side tracked. The whole fuckin point is, I hadn’t felt true happiness since I was 10 until I met this guy. My dad says we aren’t going to last. My dad barely even lets me see him outside of school once a week, and when he does let me he always gives this disapproving scowl and scoff when I ask to see my boyfriend (who I have been with for well over a year now) once a week. Oh and by the way, he LIVES with his girlfriend who he’s only been dating a few more months than B and I have been. I wonder what he’d feel like if the roles were reversed. Yunno? Like he gets to see his gf every day and sleep next to her ever night, but the moment I want to see B, I get a scowl and a reluctant confirmation that I can see him on the day I asked to see him on. I’m sorry for all this rant and I know it’s probably all over the place but I just really really had to get it out because I don’t know why my dad is so unhappy with me being with a guy who makes me so happy. It’s not like B is a delinquent. He has two jobs (one is a photography business, he does really well with it actually he shoots for weddings and shit he’s an amazing photographer ((he only took the photography class at my school for the credit and to laugh at how low quality everything was at the school and how badly they taught it))) and he’s polite and respectful. My father truly has no reason to not like him, he has no idea how badly I’ve been treated up until I met B. B treats me better than anyone ever has, including my dad. Everyone else in my family loves him! Not nearly as much as I love the son of a bitch tho. I truly grew up from 3rd grade on getting belittled and cheated on and made to feel terrible, and if my dad knew that or understood it, maybe he wouldn’t hate the boy that made me happy to be alive again. Thank u for the ppl who took the time to read this through even tho I doubt anyone will do that bless u ilysm

[brightlotusmoon]

Sneak Peak: A long moment of Donnie

I think writing Donnie’s perspective on Mikey remains my favorite. With Raph, there is a massive amount of bromance and emotion and sometimes it’s so overwhelming, but with Donnie it never is. Maybe it’s because my autistic brain is both Don and Mike and it’s easy to find their depths together. With Leo, it’s a lot of self-exploration and attempts to relate with his brothers and doubt and guilt, which is heavy when it comes to Mikey, because Leo keeps missing the point of The Killer Cinnamon Roll, which is what frustrates Donnie, who knows Mikey’s skills and capabilities better than anyone. Which is why I’m slightly diverting from canon and making Donnie a lot more mellow, patient, gentle, and soft, because he knows why Mikey. Here’s the second part of the first ‘Earth And Oxygen” section from “Spirit And Oxygen: Across The Universe” which is going to be a long-ass fic that will wind up needing to have chapters. @mysillylittlesoapbox knows what I mean.

Donatello paces his lab, and remembers.

He looks around at the bareness of his space, but he sees how it is beginning to crowd, gratefully. Courtesy of break-ins at clinics, he now has a small clinic himself. There are two medical beds over there in that corner. There are oxygen tanks and cabinets filled with IV components. A computer to monitor vitals. A small, portable defibrillator. Cupboards containing medicines and treatments that can be used on them and their mutated bodies without rejection. And the one thing they don’t have, an EEG, but for now he’ll need to make do with the device for April and Mikey and Rockwell…and the brand new invention that he and Rockwell and Karai painstakingly created out of love for a brother.

Leatherhead and Slash volunteered to find and steal one of those small EEG machines, but when Leo stiffened and Donnie let out a strangled whine, Raph gently convinced them not to.

Rockwell finally explained how some hospitals were using Japanese-made mobile app based portable ultrasound devices, and that there were ways he could procure one. At the time, the turtles had decided they had already gone too far.

And then, Karai suggested using bits of the Dimension X technology scattered in the lab to create the proper silicone chips and build a device from the ground up.

Hours later, Donnie found himself holding a rudimentary portable terahertz scanner able to act as an ultrasound and CT scanner. It was flat like his tablet, as big as his laptop, and needed to be held over the subject, and very much reminded Leo of some of the scanner devices used in “Space Heroes”. So Donnie decided that Leo would be the test subject. Leo was rather excited.

The screen lit up and flashed as Donnie held his new baby up and moved it from Leo’s head to his toes, making him turn around. The three-dimensional images were perfect, and for the first time he could see his brother’s insides all the way down. Leo seemed the picture of health. His subject preened a bit. Raphael just rolled his eyes and muttered “Wonder Boy.”

But it’s now, and Donnie chews his lower lip, and paces the lab, picking up the tablet, rubbing his fingers along its screen. It’s his last hope. April did her best to scan Mikey’s mind, but she encountered only whiteness, and fog, and then a blue darkness too deep and too intense, suffocating, and Mikey’s slow soft pulse was a pressurized physical presence; the only thing she was certain of was the powerful flare of a miniature sun in the vast distance, and Donnie had to take her word for it that their baby brother was, in fact, still there.

Donnie thinks about the times Mikey would smile at him. The cheerful smiles, the cheeky smiles, the adorable smiles, the prankster smiles, the naïve smiles, the confident smiles, the scary smiles. In battle, Mikey never gives up, and the way his teeth will bare makes Donnie think of a wounded apex predator in a corner, turning into a hurricane full of force and fury and lightning and silence and feared awe. Mikey has always used his role of the cute baby brother to his advantage. Not even Master Splinter really understood; Mikey usually flew under the radar. Donnie kept missing that unless Mikey was directly underfoot.

There are no smiles right now. Donnie knows it’s no one’s fault but he really wants to blame himself. He and Mikey had made a promise to stick with each other, all those months ago, because of their neurodivergent brains. 

He should have figured out the gang members’ motives. He should have calculated. He should have kept an eye on the largest man, the one with the huge knife and the huge crushing hands, the one who seemed to stalk Mikey’s acrobatics until finding a chance to grab his ankle and and swing him, and strike him, and stab him, and crack him…

“I don’t need to hurt you all. Just the little one.”

Shut up, he tells his memory. He hugs the scanner tablet to his chest and runs from the lab as though the memory of that giant man could find him.

In Mikey’s room, Raph is in a chair someone had brought, his arms folded over his plastron. He’s staring at Mikey’s face as though glaring could force consciousness to happen.

Donnie clears his throat.

Raph moves just his eyes. “Oh, is that the scanner thing?” When Don just stands there, Raph grunts and moves the chair back so Donnie has room.

He sits on the bed and checks the IV lines, checks his brother’s steady vitals. Carefully positioning the tablet directly over Mikey’s head, Don turns on the proper application, and with his other hand he cradles the back of Mikey’s head to turn it this way and that. He watches the screen.

It’s there, he sees it, and his heart plummets and his gut turns cold, and his hands begin to tremble just a little. Raph notices before he gets them under control and shoots forward. “What is it? What’s the matter? What’s wrong with him?”

Donnie remains silent. With a finger he traces the section of the right temporal lobe housing the injury he hoped would not be there; the closed head injury and the bleeding head wound had frightened him enough. Between blood gushing from the baby brother’s left leg and a head gash that looked worse than it was, the family was panicking so hard most of the human gang had been taken down with far more brutal force than necessary. Donnie was the first to noticed the breaks and fractures in the left knee, stained by blood, and wound up setting it himself before the others could notice, scooping Mikey into his own arms and rushing home before the others could really see. All the sutures, all the bandages, and the brace were applied under swift, barking orders, because Donnie didn’t want his family to realize.

His family is going to realize.

Fuck, he thinks. I can’t do this anymore.

Mikey’s smile during battle was powerful, edging toward something extreme and feral, and Donnie felt nervous around it. It was frightening because it showed how Mikey could run toward a precipice no one else could see, not even Raph. It would be too easy for Mikey to dance over an edge rimmed with fire and ice. If Mikey applied that behavior, that scary playfulness, to an enemy, no force in the universe could help them.

Damage to the temporal lobe could cause abrupt changes in behavior, and Mikey already had temporal lobe epilepsy.

Sudden aggression was common, and Mikey was cheery and playful, especially in battle.

Combine it all, and Mikey’s smiles would transform.

Placing the device down, Don begins to unwrap the gauze on Mikey’s head. The wound itself is healing, bruise colors staining the light green skin from the right temple to the cheekbone. Donnie grabs the tube of antibiotic ointment and carefully applies some before the fresh bandages. Checking Mikey’s pupils, he notes they are still dilated. Fuck.

“Donnie,” Raph says. “Donnie, what’s the matter? You were shaking. You only shake when it’s really bad. How bad is it?”

Donnie has almost forgotten he was there. He blinks at his older brother, eyes wide. Raph’s sharp green eyes are also huge, pupils like pinpricks. They have that connection, Donnie remembers.

“It…” Don begins, and Raph grabs the tablet.

“W-” Raph frowns deeply. “Donnie, what…what’s this mean? This…this little spot, right here?” and he is pointing at the spot Donnie had found. “That’s, you know, the tempiral lobe, right?”

“Temporal,” he corrects absently, securing the bandages and moving on to the leg.

“But, there’s already damage there!” Raph’s voice is rising, high and stressed, throat closing. Donnie unwraps and looks over the long, ugly gash, which is slowly showing signs of healing, the stitches holding firm. He doesn’t bother checking the knee, but he does reach for the tablet so it can be scanned. Raph grips it tighter.

“Raph, I need my scanner, please, I need to scan his knee–”

And Raph is making a sound high in his throat, like a whine, his lower lip pushed out. Donnie stares at him.

Oh, he realizes.

“It’s going to be all right, Raph.” He switches to a soothing tone. “I swear. Mikey will be okay.”

And Raph gasps, “I don’t believe you.”

Oh, ouch.

Donatello bites his lip and just holds out his hand.

“I’m sorry, Donnie,” and Raph does sound so sorry, hanging his head and handing over the device.

“It’s okay, Raph, it’s fine,” and Donnie smiles, but Raph looks afraid now.

The scan on Mikey’s leg reveals a patella fracture directly across the left knee cap. The crack is wide, the entire knee area swollen and the joint unable to bend. Just as he figured. The good news is that it will heal with proper care; the bad news is that Mikey will be devastated that he can’t do anything athletic for at least a couple of months.

Then again, it does also depend on what the knife damaged.

The scan there reveals less damage than Donnie thought. The knife went two inches in, piercing the quadriceps tendon. Blood loss was substantial, but no major arteries were hit, and Mikey will easily heal. Donnie exhales, and realizes he is sweating. He shuts his eyes tightly and with both hands he presses down on the leg like he did during the battle, knowing that this time there is no blood flow to staunch.

A hand on the back of his head. When he looks up, Raph is staring at him, and Leo and April and Karai are there, staring at him, staring at Mikey, staring at the tablet, their faces drained of color. Donnie suddenly realizes how this must appear. He leaps off the bed, hands up and out.

“It’s okay, he’s okay, he’s just got temporal lobe damage again and a broken kneecap and he’ll be okay in a couple of months, I’ll take care of it.” “It’s…not okay,” Karai murmurs with a hint of shock.

Leo tilts his head. “Donnie…are you all right?”

“I’m fine, why does everyone keep asking me that? I just want to help Mikey be okay!”

And a hoarse, raspy whisper behind him croaks out, “Thanks, Donnie…”

And he whirls around. Mikey’s eyes are open, clouded and dilated but seeing and focused only on him. He can’t help the whoop of joy as he wraps his arms around his only little brother’s shoulders, burying his face in Mikey’s shoulder. “Hey, B-Team buddy.”

“I th-thought…you…h-hated that…” And Mikey’s voice sounds like tears as his arms weakly wrap around Don’s carapace.

“Nope. Not anymore. Welcome back, Mikey. Missed you.”

It isn’t until Leonardo’s arms wrap around him from behind that Donatello finally gives in to stress and exhaustion. He is carefully helped into the bed right next to Mikey, and he throws an arm across Mikey’s plastron, nuzzling his cheek. “Wake me in like six hours.”

Mikey gives a harsh, raw laugh. “Make it ten, dudes.”

The others are lavishing kisses and hugs on him, and it’s April who turns bright, teary eyes on Donnie, with a relieved smile, and says, “If Mikey can’t get out of bed for at least twelve hours, neither can you.”

Donnie is just too tired at this point to argue. As his eyes begin to close, he sees April take the tablet as if it were a treasure, and then he hears Mikey give a soft churring coo, like the beginning of a lullaby. Mikey is almost purring, nuzzling him, and then Donatello is asleep.

[kristablogs]

The next generation of race car drivers started out as gamers

Getting ready for the raceway increasingly means cutting your teeth on virtual tracks. (The Voorhes/)

James Baldwin’s confidence overtakes his ability midway through his fourth lap of Silverstone Circuit. The track, home to the British Grand Prix and among the most famous in racing, features a tricky series of sweeping curves best approached with a delicate balance of gas and brakes. Baldwin, however, attacks them at 110 miles per hour, risky given the damp morning’s freezing cold. His tires skate across the slick pavement and he careens onto the grass. After hitting the brakes, he cranks the shuddering steering wheel to the left, turning into the skid. The car skitters for several seconds and just misses a wall, but the move arrests his slide and gets him pointed the right way. Baldwin exhales, downshifts, and roars back onto the track. Within moments he reaches 110 again for the sprint down a short straight, then heads into the next turn. Chastened, he takes this one at a more prudent velocity.

The 22-year-old Brit watches this drama not through the visor of a helmet, but on the screen of a racing simulator. Baldwin is among the best esports drivers in the world, one of several dozen who earn a living competing in the digital domain. Now he’s preparing for his professional motor-sports debut on a bona fide road course.

Baldwin earned his shot a few months earlier, when he won the second season of World’s Fastest Gamer, a reality television series that saw 10 would-be Mario Andrettis compete for the chance to go wheel-to-wheel with seasoned pros. They raced on virtual and physical asphalt and dirt tracks and faced a series of challenges designed to test their problem-solving and leadership skills. When filming started in October 2019, Baldwin hadn’t done much more real-world driving than tooling around town. Fourteen days later, he crossed the finish line at Las Vegas Motor Speedway doing more than 130 miles per hour in a machine he called “fast enough to be scary.”

That isn’t as foolhardy as it might sound. Hyper-realistic driving games and hardware that mimic the sensation of hurtling around a track have made it possible to go racing with minimal experience in a proper car. Research suggests that the skills needed to master titles like Gran Turismo or Forza apply to competing in events like the 24 Hours of LeMans, one of the most grueling contests in motor sports. Baldwin now joins a handful of sim hotshots who have made that jump, something you don’t see in other sports, says Darren Cox, who launched World’s Fastest Gamer after a career in the auto industry. He notes that people who excel at, say, playing soccer on their Xbox aren’t going to find themselves appearing in the World Cup. “You can’t kick a ball around in FIFA and become the next Ronaldo,” he says.

The line between the virtual and real worlds began to blur in 2008, when Cox launched GT Academy, a TV program that turned gamers into drivers. When the show’s inaugural winner went on to finish second at LeMans in 2011, Formula One, Nascar, and other leagues started paying attention. Several have since joined the automakers that compete in them to launch online teams and tournaments in a bid to attract new drivers and, more importantly, fans. Many involved see gamers crossing over in greater numbers within the decade.

Not everyone believes the next champions will emerge from the world of esports, however. Skeptics argue that the physical and mental demands—let alone the inherent feel for the machinery—needed to compete at the upper echelons require experience, not simulation.

Baldwin is determined to prove them wrong. After winning his shot, he started working with a coach to hone the skills to handle the 700-odd-horsepower McLaren he’ll drive throughout Europe sometime in 2020. As he clocked hours in the simulator and miles around Silverstone, the COVID-19 pandemic put the date of his debut on hold. Nonetheless, Baldwin will spend the intervening time enduring an arduous schedule of workouts to prepare his body—and mind—for the challenges ahead. “This has been my dream since I was a kid,” he says. “Because of my esports experience over the last couple of years, I believe I will be able to compete at a very high level in the real world.”

Esports ace James Baldwin with the ­McLaren he’ll drive in his live racing debut. (The Voorhes/)

On a bright, clear morning in November 2019, Baldwin and three other finalists on World’s Fastest Gamer stood on the pavement of Las Vegas Motor Speedway. The circuit, 20 minutes northeast of the Strip, has seen Nascar drivers approach 200 mph, but no one had any illusions of reaching such a number during the 22-minute dash that would determine the show’s grand prize winner. Moments later, Baldwin pulled a helmet over his spiky blond hair and folded himself into a sleek fiberglass-bodied racer called a Mitjet EXR LV02.

The pack sprinted away from the starting line. Californian Mitchell de Jong led for two laps before Baldwin squeaked by. He ruthlessly built a 10-second lead—forever in auto racing—by the time the checkered flag waved. Cox congratulated him as he climbed from the cockpit, sweaty and elated. “We’ve just watched a group of kids, most of whom had never raced a car in their lives, get into a superfast sports car and dominate this track after just two weeks of practice,” Cox said.

Baldwin began training for his big-time debut two months later. He started at Brands Hatch Circuit, near London, before switching to Silverstone. The track is not far from where he grew up watching Formula One, the pinnacle of motor sports. At an age when most kids learn to ride a bike, he begged his mother and father to let him take up karting, often the first step toward a career as a throttle jockey. As hobbies go, it’s not cheap—a few thousand for a decent machine, and, at the uppermost levels, as much as six figures in expenses each season. Still, they relented, and over the next several years Baldwin did well enough to move up in 2015 at age 17 to a larger, more powerful ride in the Formula Ford division. He entered four events in six months, compiling a decent record but spending $20,000 doing it. “My parents were like, ‘We have to stop now,’” he recalls after a session in the simulator at the track.

Baldwin switched to playing the racing sim Project Cars in his bedroom when he wasn’t in a classroom studying engineering. The title is among the most popular in a genre that dates to 1974, when people used to drop quarters into Atari’s Gran Trak 10 arcade game, which featured a genuine steering wheel, shift lever, and pedals. Despite the realistic hardware, the experience was more Mario Kart than Indy 500. That remained the norm until the mid-1990s and the debut of seminal titles like Gran Turismo, Grand Prix Legends, and others that featured lifelike physics, environments, and driving techniques.

The rise of online gaming in the early 2000s has allowed players to compete against each other, more like they would on the track. Dabblers get by with consoles like the PlayStation 4 and Xbox One, but hardcore competitors often favor computers with peripherals like a steering wheel, shifter, pedals, and seat. “Once I transitioned to a more realistic simulator, not only did I get faster, but I had more fun,” Baldwin says.

He started entering tournaments and in 2018, at age 20, joined Veloce Esports, a gaming team in London. He quit school, and within a year ranked among the world’s top competitors in Project Cars 2, prompting Cox to offer him a spot on World’s Fastest Gamer.

Cox grew up wanting to try karting, but turned to video games because his parents couldn’t afford it. He studied politics and economics in college before going to work for Renault and then Nissan, where he led its global competition operation. The automaker launched a marketing campaign with Gran Turismo in 2006, and Cox invited aficionados of the game to lap a track with professional drivers. “Some of the instructors came up to me after and said, ‘You know, a bunch of these guys can really drive,’” he says. “That was my light bulb moment.” Seeing a chance to cultivate talent and attract new racing fans, in 2008 Cox launched GT Academy, an unprecedented television series in which Gran Turismo players competed for a seat on Nissan’s racing team. The show, filmed in Britain, ran for eight seasons, aired in 160 countries, and drew 100 million viewers at its peak.

A new generation of drivers are getting their start on consoles instead of racecars. (The Voorhes/)

It also launched several careers—impressive, given that most contestants had never climbed behind the wheel of anything faster than the family hauler. The show’s first winner, Lucas Ordóñez of Spain, has since competed in 112 events and racked up 21 top-three finishes, including two at LeMans. Jann Mardenborough earned his driver’s license just two years before winning season three. Nissan spent six months preparing the Brit for the 2011 24H Dubai endurance race, where his team placed third. He’s been at it ever since. “The transition from the virtual to the real world felt completely normal,” says Mardenborough, who now competes with Kondo Racing in the Japanese Super GT series. “Being a 19-year-old at the time probably helped; I didn’t have the self-preservation part of my brain telling me to back off.”

The pivot could not have come at a better time. Formula One saw viewership in Britain, where most teams are based, plummet 24 percent between 2018 and 2019. Nascar has lost more than half of its live and TV audience since 2014. The sport is on a “constant quest” to counter declining viewership, and “esports presents an intriguing opportunity to access a potentially valuable new demographic,” according to a 2017 report by Nielsen analysts. The tactic worked for soccer. A 2016 University of Michigan study cited the success of the FIFA game franchise as a factor in the sport’s surging popularity in the US.

In 2015, Cox founded his own outfit, which joined the Canadian firm Torque Esports in 2017. One year later, he launched World’s Fastest Gamer. The first season aired on ESPN and CNBC. Some 400 million people tuned in, and Rudy van Buren of the Netherlands won the grand prize: a job as a simulation driver for McLaren Racing, helping perform virtual tests of its Formula One cars. Impressive, but Baldwin will face the ultimate challenge of driving a McLaren 720S GT3 for Jenson Team Rocket RJN in the 2020 GT World Challenge endurance championship series. “Of course people in recent years have been on a similar journey, going from esports into the real world, but no one has gone in at the level of racing we are,” Baldwin says. “I am determined to show what is possible.”

Given Baldwin’s resolve to prove he can handle a $600,000 carbon-fiber rocket on wheels, it is perhaps ironic that he still spends much of his time in a simulator. But then, so do many pros. Teams at every level rely on the machines, which can cost as much as eight figures, to precisely replicate navigating any course, in any conditions. They allow drivers to acquaint themselves with a car or track and help engineers analyze vehicle performance. The technology is so precise that it has in many cases largely replaced expensive physical testing.

That explains why Baldwin’s training relies so heavily on it. If he isn’t in his rig at home, he is squeezed into the form-fitting seat of a simulator built by Allinsports, an Italian firm founded by a former Formula One engineer. His hands grip a steering wheel flanked by gearshift paddles (the computerized controls long ago replaced conventional stick shifts), and his feet depress gas and brake pedals. His eyes rarely leave the curved 48-inch screen before him. The hardware, about the size of a recliner, sits in the corner of a conference room overlooking Silverstone.

An off-the-shelf program called rFactor 2 allows Baldwin to experience nearly any circuit in the world, in any of dozens of cars. He can adjust his ride’s suspension, tune its engine, even customize the paint job. The software models factors like the damage tires sustain in a skid and how traction varies as the rubber wears and pavement conditions change. The system uses these calculations to provide surprisingly tactile feedback. The steering wheel shudders and vibrates, the brake pedal demands a firm push, and, like the McLaren he’ll drive, everything requires a deft touch to avoid a stall or spin.

James Baldwin practicing in a racing simulator. (The Voorhes/)

Evidence suggests the skills Baldwin has honed in the digital realm will serve him well as he crosses over. Cognitive psychologists at New York University Shanghai and the University of Hong Kong showed that gamers are much better than other people at processing visual information and acting on it. They also found that driving sims can help anyone “significantly improve” those abilities in just five to 10 hours, leading the researchers to believe that such software could be effective training tools. Their 2016 study builds on work by Daphne Bavelier and Adrien Chopin, cognitive neuroscientists at the University of Geneva and the Sorbonne in Paris, respectively; their 2012 inquiry revealed that playing titles that feature highly dynamic situations and demand rapid decision-making can improve perception, attention span, and spatial cognition. Chopin has little doubt that esports players can become racers, given the authenticity of the vehicles, environments, and controllers. “Because of these characteristics, it is essentially the same task,” he says. “What you learn in the game should be transferable.”

Still, Baldwin knows he must hone his abilities through real-world experience. He’s lapped Silverstone in several cars, learning how to handle them at racing speeds. (So far he’s achieved 170 mph.)

This past March, he spent two days zipping around Circuit Paul Ricard in France in the McLaren. “The team was very happy with my performance,” he says. “They said my pace and consistency were great. And I didn’t crash, which was a massive tick in the box for them.” Naturally, he crammed for that test by driving a virtual version. Still, Baldwin concedes there are some things a simulator can’t prepare him for. “A real car is hot, it’s sweaty, it vibrates,” he says. “It sounds silly, but you don’t actually realize this until you get in and start driving.”

Beyond heat and noise, gamers have a lot to learn. They often miss subtle signals from the tires and suspension that can help them go faster and avoid problems, says Ross Bentley, a coach who has trained them. And while esports drivers possess excellent reflexes, concentration, and hand-eye coordination, they often lack the fitness long stints at speed require, says Mia Sharizman of Renault Sport Academy, the automaker’s driver recruiting program. During a race, competitors can lose several pounds, experience as much as five times the force of gravity, and endure heart rates as high as 170 beats per minute. “You need to be able to have core and neck strength to withstand the extreme G-forces, leg strength for the braking, and, most importantly, mental fortitude to be able to function while knowing that your life is at risk,” Sharizman says. “It’s extremely difficult to replicate that type of scenario and environment.”

Fortunately, Baldwin has some appreciation of this from his childhood racing experience. He’s working with Simon Fitchett, who has spent seven years training Formula One drivers, to prepare his body and further sharpen his concentration. “It’s hard to focus my mind sometimes,” he says. But the greatest challenge may lie in mastering fear, something Juan Pablo Montoya, whose long career includes stints in Formula One and Nascar, saw competitors struggle with while he was a judge on World’s Fastest Gamer. “A fast corner in a simulator is nothing. You press a button and you try and you try until you get it right,” he says. “When you’re doing 150 or 180 miles per hour on a track in a corner and you have to keep your foot down, the reality sets in. That’s when you’re going to start seeing the difference between the guys who can make it in reality and the guys who can only make it in esports.”

Baldwin will face that test when he finally rolls up to the starting line at Brands Hatch Circuit outside London, fulfilling a childhood dream. He has no doubt he’ll pass. “As long as I’m finishing first,” he says, flashing a cheeky grin, “then it should all be good, right?”

This story appeared in the Summer 2020, Play issue of Popular Science.

[scootoaster]

The next generation of race car drivers started out as gamers

Getting ready for the raceway increasingly means cutting your teeth on virtual tracks. (The Voorhes/)

James Baldwin’s confidence overtakes his ability midway through his fourth lap of Silverstone Circuit. The track, home to the British Grand Prix and among the most famous in racing, features a tricky series of sweeping curves best approached with a delicate balance of gas and brakes. Baldwin, however, attacks them at 110 miles per hour, risky given the damp morning’s freezing cold. His tires skate across the slick pavement and he careens onto the grass. After hitting the brakes, he cranks the shuddering steering wheel to the left, turning into the skid. The car skitters for several seconds and just misses a wall, but the move arrests his slide and gets him pointed the right way. Baldwin exhales, downshifts, and roars back onto the track. Within moments he reaches 110 again for the sprint down a short straight, then heads into the next turn. Chastened, he takes this one at a more prudent velocity.

The 22-year-old Brit watches this drama not through the visor of a helmet, but on the screen of a racing simulator. Baldwin is among the best esports drivers in the world, one of several dozen who earn a living competing in the digital domain. Now he’s preparing for his professional motor-sports debut on a bona fide road course.

Baldwin earned his shot a few months earlier, when he won the second season of World’s Fastest Gamer, a reality television series that saw 10 would-be Mario Andrettis compete for the chance to go wheel-to-wheel with seasoned pros. They raced on virtual and physical asphalt and dirt tracks and faced a series of challenges designed to test their problem-solving and leadership skills. When filming started in October 2019, Baldwin hadn’t done much more real-world driving than tooling around town. Fourteen days later, he crossed the finish line at Las Vegas Motor Speedway doing more than 130 miles per hour in a machine he called “fast enough to be scary.”

That isn’t as foolhardy as it might sound. Hyper-realistic driving games and hardware that mimic the sensation of hurtling around a track have made it possible to go racing with minimal experience in a proper car. Research suggests that the skills needed to master titles like Gran Turismo or Forza apply to competing in events like the 24 Hours of LeMans, one of the most grueling contests in motor sports. Baldwin now joins a handful of sim hotshots who have made that jump, something you don’t see in other sports, says Darren Cox, who launched World’s Fastest Gamer after a career in the auto industry. He notes that people who excel at, say, playing soccer on their Xbox aren’t going to find themselves appearing in the World Cup. “You can’t kick a ball around in FIFA and become the next Ronaldo,” he says.

The line between the virtual and real worlds began to blur in 2008, when Cox launched GT Academy, a TV program that turned gamers into drivers. When the show’s inaugural winner went on to finish second at LeMans in 2011, Formula One, Nascar, and other leagues started paying attention. Several have since joined the automakers that compete in them to launch online teams and tournaments in a bid to attract new drivers and, more importantly, fans. Many involved see gamers crossing over in greater numbers within the decade.

Not everyone believes the next champions will emerge from the world of esports, however. Skeptics argue that the physical and mental demands—let alone the inherent feel for the machinery—needed to compete at the upper echelons require experience, not simulation.

Baldwin is determined to prove them wrong. After winning his shot, he started working with a coach to hone the skills to handle the 700-odd-horsepower McLaren he’ll drive throughout Europe sometime in 2020. As he clocked hours in the simulator and miles around Silverstone, the COVID-19 pandemic put the date of his debut on hold. Nonetheless, Baldwin will spend the intervening time enduring an arduous schedule of workouts to prepare his body—and mind—for the challenges ahead. “This has been my dream since I was a kid,” he says. “Because of my esports experience over the last couple of years, I believe I will be able to compete at a very high level in the real world.”

Esports ace James Baldwin with the ­McLaren he’ll drive in his live racing debut. (The Voorhes/)

On a bright, clear morning in November 2019, Baldwin and three other finalists on World’s Fastest Gamer stood on the pavement of Las Vegas Motor Speedway. The circuit, 20 minutes northeast of the Strip, has seen Nascar drivers approach 200 mph, but no one had any illusions of reaching such a number during the 22-minute dash that would determine the show’s grand prize winner. Moments later, Baldwin pulled a helmet over his spiky blond hair and folded himself into a sleek fiberglass-bodied racer called a Mitjet EXR LV02.

The pack sprinted away from the starting line. Californian Mitchell de Jong led for two laps before Baldwin squeaked by. He ruthlessly built a 10-second lead—forever in auto racing—by the time the checkered flag waved. Cox congratulated him as he climbed from the cockpit, sweaty and elated. “We’ve just watched a group of kids, most of whom had never raced a car in their lives, get into a superfast sports car and dominate this track after just two weeks of practice,” Cox said.

Baldwin began training for his big-time debut two months later. He started at Brands Hatch Circuit, near London, before switching to Silverstone. The track is not far from where he grew up watching Formula One, the pinnacle of motor sports. At an age when most kids learn to ride a bike, he begged his mother and father to let him take up karting, often the first step toward a career as a throttle jockey. As hobbies go, it’s not cheap—a few thousand for a decent machine, and, at the uppermost levels, as much as six figures in expenses each season. Still, they relented, and over the next several years Baldwin did well enough to move up in 2015 at age 17 to a larger, more powerful ride in the Formula Ford division. He entered four events in six months, compiling a decent record but spending $20,000 doing it. “My parents were like, ‘We have to stop now,’” he recalls after a session in the simulator at the track.

Baldwin switched to playing the racing sim Project Cars in his bedroom when he wasn’t in a classroom studying engineering. The title is among the most popular in a genre that dates to 1974, when people used to drop quarters into Atari’s Gran Trak 10 arcade game, which featured a genuine steering wheel, shift lever, and pedals. Despite the realistic hardware, the experience was more Mario Kart than Indy 500. That remained the norm until the mid-1990s and the debut of seminal titles like Gran Turismo, Grand Prix Legends, and others that featured lifelike physics, environments, and driving techniques.

The rise of online gaming in the early 2000s has allowed players to compete against each other, more like they would on the track. Dabblers get by with consoles like the PlayStation 4 and Xbox One, but hardcore competitors often favor computers with peripherals like a steering wheel, shifter, pedals, and seat. “Once I transitioned to a more realistic simulator, not only did I get faster, but I had more fun,” Baldwin says.

He started entering tournaments and in 2018, at age 20, joined Veloce Esports, a gaming team in London. He quit school, and within a year ranked among the world’s top competitors in Project Cars 2, prompting Cox to offer him a spot on World’s Fastest Gamer.

Cox grew up wanting to try karting, but turned to video games because his parents couldn’t afford it. He studied politics and economics in college before going to work for Renault and then Nissan, where he led its global competition operation. The automaker launched a marketing campaign with Gran Turismo in 2006, and Cox invited aficionados of the game to lap a track with professional drivers. “Some of the instructors came up to me after and said, ‘You know, a bunch of these guys can really drive,’” he says. “That was my light bulb moment.” Seeing a chance to cultivate talent and attract new racing fans, in 2008 Cox launched GT Academy, an unprecedented television series in which Gran Turismo players competed for a seat on Nissan’s racing team. The show, filmed in Britain, ran for eight seasons, aired in 160 countries, and drew 100 million viewers at its peak.

A new generation of drivers are getting their start on consoles instead of racecars. (The Voorhes/)

It also launched several careers—impressive, given that most contestants had never climbed behind the wheel of anything faster than the family hauler. The show’s first winner, Lucas Ordóñez of Spain, has since competed in 112 events and racked up 21 top-three finishes, including two at LeMans. Jann Mardenborough earned his driver’s license just two years before winning season three. Nissan spent six months preparing the Brit for the 2011 24H Dubai endurance race, where his team placed third. He’s been at it ever since. “The transition from the virtual to the real world felt completely normal,” says Mardenborough, who now competes with Kondo Racing in the Japanese Super GT series. “Being a 19-year-old at the time probably helped; I didn’t have the self-preservation part of my brain telling me to back off.”

The pivot could not have come at a better time. Formula One saw viewership in Britain, where most teams are based, plummet 24 percent between 2018 and 2019. Nascar has lost more than half of its live and TV audience since 2014. The sport is on a “constant quest” to counter declining viewership, and “esports presents an intriguing opportunity to access a potentially valuable new demographic,” according to a 2017 report by Nielsen analysts. The tactic worked for soccer. A 2016 University of Michigan study cited the success of the FIFA game franchise as a factor in the sport’s surging popularity in the US.

In 2015, Cox founded his own outfit, which joined the Canadian firm Torque Esports in 2017. One year later, he launched World’s Fastest Gamer. The first season aired on ESPN and CNBC. Some 400 million people tuned in, and Rudy van Buren of the Netherlands won the grand prize: a job as a simulation driver for McLaren Racing, helping perform virtual tests of its Formula One cars. Impressive, but Baldwin will face the ultimate challenge of driving a McLaren 720S GT3 for Jenson Team Rocket RJN in the 2020 GT World Challenge endurance championship series. “Of course people in recent years have been on a similar journey, going from esports into the real world, but no one has gone in at the level of racing we are,” Baldwin says. “I am determined to show what is possible.”

Given Baldwin’s resolve to prove he can handle a $600,000 carbon-fiber rocket on wheels, it is perhaps ironic that he still spends much of his time in a simulator. But then, so do many pros. Teams at every level rely on the machines, which can cost as much as eight figures, to precisely replicate navigating any course, in any conditions. They allow drivers to acquaint themselves with a car or track and help engineers analyze vehicle performance. The technology is so precise that it has in many cases largely replaced expensive physical testing.

That explains why Baldwin’s training relies so heavily on it. If he isn’t in his rig at home, he is squeezed into the form-fitting seat of a simulator built by Allinsports, an Italian firm founded by a former Formula One engineer. His hands grip a steering wheel flanked by gearshift paddles (the computerized controls long ago replaced conventional stick shifts), and his feet depress gas and brake pedals. His eyes rarely leave the curved 48-inch screen before him. The hardware, about the size of a recliner, sits in the corner of a conference room overlooking Silverstone.

An off-the-shelf program called rFactor 2 allows Baldwin to experience nearly any circuit in the world, in any of dozens of cars. He can adjust his ride’s suspension, tune its engine, even customize the paint job. The software models factors like the damage tires sustain in a skid and how traction varies as the rubber wears and pavement conditions change. The system uses these calculations to provide surprisingly tactile feedback. The steering wheel shudders and vibrates, the brake pedal demands a firm push, and, like the McLaren he’ll drive, everything requires a deft touch to avoid a stall or spin.

James Baldwin practicing in a racing simulator. (The Voorhes/)

Evidence suggests the skills Baldwin has honed in the digital realm will serve him well as he crosses over. Cognitive psychologists at New York University Shanghai and the University of Hong Kong showed that gamers are much better than other people at processing visual information and acting on it. They also found that driving sims can help anyone “significantly improve” those abilities in just five to 10 hours, leading the researchers to believe that such software could be effective training tools. Their 2016 study builds on work by Daphne Bavelier and Adrien Chopin, cognitive neuroscientists at the University of Geneva and the Sorbonne in Paris, respectively; their 2012 inquiry revealed that playing titles that feature highly dynamic situations and demand rapid decision-making can improve perception, attention span, and spatial cognition. Chopin has little doubt that esports players can become racers, given the authenticity of the vehicles, environments, and controllers. “Because of these characteristics, it is essentially the same task,” he says. “What you learn in the game should be transferable.”

Still, Baldwin knows he must hone his abilities through real-world experience. He’s lapped Silverstone in several cars, learning how to handle them at racing speeds. (So far he’s achieved 170 mph.)

This past March, he spent two days zipping around Circuit Paul Ricard in France in the McLaren. “The team was very happy with my performance,” he says. “They said my pace and consistency were great. And I didn’t crash, which was a massive tick in the box for them.” Naturally, he crammed for that test by driving a virtual version. Still, Baldwin concedes there are some things a simulator can’t prepare him for. “A real car is hot, it’s sweaty, it vibrates,” he says. “It sounds silly, but you don’t actually realize this until you get in and start driving.”

Beyond heat and noise, gamers have a lot to learn. They often miss subtle signals from the tires and suspension that can help them go faster and avoid problems, says Ross Bentley, a coach who has trained them. And while esports drivers possess excellent reflexes, concentration, and hand-eye coordination, they often lack the fitness long stints at speed require, says Mia Sharizman of Renault Sport Academy, the automaker’s driver recruiting program. During a race, competitors can lose several pounds, experience as much as five times the force of gravity, and endure heart rates as high as 170 beats per minute. “You need to be able to have core and neck strength to withstand the extreme G-forces, leg strength for the braking, and, most importantly, mental fortitude to be able to function while knowing that your life is at risk,” Sharizman says. “It’s extremely difficult to replicate that type of scenario and environment.”

Fortunately, Baldwin has some appreciation of this from his childhood racing experience. He’s working with Simon Fitchett, who has spent seven years training Formula One drivers, to prepare his body and further sharpen his concentration. “It’s hard to focus my mind sometimes,” he says. But the greatest challenge may lie in mastering fear, something Juan Pablo Montoya, whose long career includes stints in Formula One and Nascar, saw competitors struggle with while he was a judge on World’s Fastest Gamer. “A fast corner in a simulator is nothing. You press a button and you try and you try until you get it right,” he says. “When you’re doing 150 or 180 miles per hour on a track in a corner and you have to keep your foot down, the reality sets in. That’s when you’re going to start seeing the difference between the guys who can make it in reality and the guys who can only make it in esports.”

Baldwin will face that test when he finally rolls up to the starting line at Brands Hatch Circuit outside London, fulfilling a childhood dream. He has no doubt he’ll pass. “As long as I’m finishing first,” he says, flashing a cheeky grin, “then it should all be good, right?”

This story appeared in the Summer 2020, Play issue of Popular Science.

[trendingnewsb]

Is the world really better than ever?

The long read: The headlines have never been worse. But an increasingly influential group of thinkers insists that humankind has never had it so good and only our pessimism is holding us back

By the end of last year, anyone who had been paying even passing attention to the news headlines was highly likely to conclude that everything was terrible, and that the only attitude that made sense was one of profound pessimism tempered, perhaps, by cynical humour, on the principle that if the world is going to hell in a handbasket, one may as well try to enjoy the ride. Naturally, Brexit and the election of Donald Trump loomed largest for many. But you didnt need to be a remainer or a critic of Trumps to feel depressed by the carnage in Syria; by the deaths of thousands of migrants in the Mediterranean; by North Korean missile tests, the spread of the zika virus, or terror attacks in Nice, Belgium, Florida, Pakistan and elsewhere nor by the spectre of catastrophic climate change, lurking behind everything else. (And all thats before even considering the string of deaths of beloved celebrities that seemed like a calculated attempt, on 2016s part, to rub salt in the wound: in the space of a few months, David Bowie, Leonard Cohen, Prince, Muhammad Ali, Carrie Fisher and George Michael, to name only a handful, were all gone.) And few of the headlines so far in 2017 Grenfell tower, the Manchester and London attacks, Brexit chaos, and 24/7 Trump provide any reason to take a sunnier view.

Yet one group of increasingly prominent commentators has seemed uniquely immune to the gloom. In December, in an article headlined Never forget that we live in the best of times, the Times columnist Philip Collins provided an end-of-year summary of reasons to be cheerful: during 2016, he noted, the proportion of the worlds population living in extreme poverty had fallen below 10% for the first time; global carbon emissions from fossil fuels had failed to rise for the third year running; the death penalty had been ruled illegal in more than half of all countries and giant pandas had been removed from the endangered species list.

In the New York Times, Nicholas Kristof declared that by many measures, 2016 was the best year in the history of humanity, with falling global inequality, child mortality roughly half what it had been as recently as 1990, and 300,000 more people gaining access to electricity each day. Throughout 2016 and into 2017, alongside Collins at the Times, the author and former Northern Rock chairman Matt Ridley the title of whose book The Rational Optimist makes his inclinations plain kept up his weekly output of ebullient columns celebrating the promise of artificial intelligence, free trade and fracking. By the time the professional contrarian Brendan ONeill delivered his own version of the argument, in the Spectator (Nothing better sums up the aloofness of the chattering class than their blathering about 2016 being the worst year ever) the viewpoint was becoming sufficiently well-entrenched that ONeill seemed in danger of forfeiting his contrarianism.

The loose but growing collection of pundits, academics and thinktank operatives who endorse this stubbornly cheerful, handbasket-free account of our situation have occasionally been labelled the New Optimists, a name intended to evoke the rebellious scepticism of the New Atheists led by Richard Dawkins, Daniel Dennett and Sam Harris. And from their perspective, our prevailing mood of despair is irrational, and frankly a bit self-indulgent. They argue that it says more about us than it does about how things really are illustrating a certain tendency toward collective self-flagellation, and an unwillingness to believe in the power of human ingenuity. And that it is best explained as the result of various psychological biases that served a purpose on the prehistoric savannah but now, in a media-saturated era, constantly mislead us.

Once upon a time, it was of great survival value to be worried about everything that could go wrong, says Johan Norberg, a Swedish historian and self-declared New Optimist whose book Progress: Ten Reasons to Look Forward to the Future was published just before Trump won the presidency last year. This is what makes bad news especially compelling: in our evolutionary past, it was a very good thing that your attention could be easily seized by negative information, since it might well indicate an imminent risk to your own survival. (The cave-dweller who always assumed there was a lion behind the next rock would usually be wrong but hed be much more likely to survive and reproduce than one who always assumed the opposite.) But that was all before newspapers, television and the internet: in these hyper-connected times, our addiction to bad news just leads us to vacuum up depressing or enraging stories from across the globe, whether they threaten us or not, and therefore to conclude that things are much worse than they are.

Really good news, on the other hand, can be a lot harder to spot partly because it tends to occur gradually. Max Roser, an Oxford economist who spreads the New Optimist gospel via his Twitter feed, pointed out recently that a newspaper could legitimately have run the headline NUMBER OF PEOPLE IN EXTREME POVERTY FELL BY 137,000 SINCE YESTERDAY every day for the last 25 years. But none would have done so, because predictable daily events, by definition, arent newsworthy. And youll rarely see a headline about a bad event that failed to occur. But surely any judicious assessment of our situation ought to take into account all the wars, pandemics and natural disasters that might hypothetically have happened but didnt?

I used to be a pessimist myself, says Norberg, an urbane 43-year-old raised in Stockholm who is now a fellow at the libertarian Cato Institute in Washington DC. I used to long for the good old days. But then I started reading history, and asking myself, well, where would I have been in those good old days, in my ancestors northern Sweden? I probably wouldnt have been anywhere. Life expectancy was too short. They mixed tree bark in the bread, to make it last longer!

In his book, Norberg canters through 10 of the most important basic indicators of human flourishing food, sanitation, life expectancy, poverty, violence, the state of the environment, literacy, freedom, equality and the conditions of childhood. And he takes special pleasure in squelching the fantasies of anyone inclined to wish they had been born a couple of centuries back: it wasnt so long ago, he observes, that dogs gnawed at the abandoned corpses of plague victims in the streets of European cities. As recently as 1882, only 2% of homes in New York had running water; in 1900, worldwide life expectancy was a paltry 31, thanks both to early adult death and rampant child mortality. Today, by contrast, its 71 and those extra decades involve far less suffering, too. If it takes you 20 minutes to read this chapter, Norberg writes at one point, in his own variation on the New Optimists favourite refrain, almost another 2,000 people will have risen out of [extreme] poverty currently defined as living on less than $1.90 per day.

These barrages of upbeat statistics seem intended to have the effect of demolishing the usual intractable political disagreements about the state of the planet. The New Optimists invite us to forget our partisan biases and tribal loyalties; to dispense with our cherished theories about what is wrong with the world and what should be done about it, and breathe, instead, the refreshing air of objective fact. The data doesnt lie. Just look at the numbers!

But numbers, it turns out, can be as political as anything else.

The New Optimists are certainly right on the nostalgia front: nobody in their right mind should wish to have lived in a previous century. In a 2015 survey for YouGov, 65% of British people (and 81% of the French) said they thought the world was getting worse but judged according to numerous sensible metrics, theyre simply wrong. People are indeed rising out of extreme poverty at an extraordinary rate; child mortality really has plummeted; standards of literacy, sanitation and life expectancy have never been higher. The average European or American enjoys luxuries medieval potentates literally couldnt have imagined. The essential finding of Steven Pinkers 2011 book The Better Angels of Our Nature, a key reference text for the New Optimists, seems also to have been largely accepted: that we are living in historys most peaceful era, with violence of all kinds from deaths in war to schoolyard bullying in steep decline.

But the New Optimists arent primarily interested in persuading us that human life involves a lot less suffering than it did a few hundred years ago. (Even if youre a card-carrying pessimist, you probably didnt need convincing of that fact.) Nestled inside that essentially indisputable claim, there are several more controversial implications. For example: that since things have so clearly been improving, we have good reason to assume they will continue to improve. And further though this is a claim only sometimes made explicit in the work of the New Optimists that whatever weve been doing these past decades, its clearly working, and so the political and economic arrangements that have brought us here are the ones we ought to stick with. Optimism, after all, means more than just believing that things arent as bad as you imagined: it means having justified confidence that they will be getting even better soon. Rational optimism holds that the world will pull out of the current crisis, Ridley wrote after the financial crisis of 2007-8, because of the way that markets in goods, services and ideas allow human beings to exchange and specialise honestly for the betterment of all I am a rational optimist: rational, because I have arrived at optimism not through temperament or instinct, but by looking at the evidence.

Illustration by Pete Gamlen

If all this were really true, it would suggest that an overwhelming proportion of the energy we dedicate to debating the state of humanity all the political outrage, the warnings of imminent disaster, the exasperated op-ed columns, all our anxiety and guilt about the misery afflicting people all over the world is wasted. Or, worse, it might be counterproductive, insofar as a belief that things are irredeemably awful seems like a bad way to motivate people to make things better, and thus in danger of becoming a self-fulfilling prophecy.

Here are the facts, wrote the American economist Julian Simon, whose vocal opposition to the gloomy predictions of environmentalists and population experts in the 1970s and 1980s set the stage for todays New Optimists. On average, people throughout the world have been living longer and eating better than ever before. Fewer people die of famine nowadays than in earlier centuries every single measure of material and environmental welfare in the United States has improved rather than deteriorated. This is also true of the world taken as a whole. All the long-run trends point in exactly the opposite direction from the projections of the doomsayers.

Those are the facts. So why arent we all New Optimists now?

Optimists have been telling doom-mongersto cheer up since at least 1710, when the philosopher Gottfried Leibniz concluded that ours must be the best of all possible worlds, on the grounds that God, being perfect and merciful, would hardly have created one of the more mediocre ones instead. But the most recent outbreak of positivity may be best understood as a reaction to the pessimism triggered by the terrorist attacks of 11 September 2001. For one thing, those attacks were a textbook example of the kind of high-visibility bad news that activates our cognitive biases, convincing us that the world is becoming lethally dangerous when really it isnt: in reality, a slightly higher number of Americans were killed while riding motorcycles in 2001 than died in the World Trade Center and on the hijacked planes.

But the New Optimism is also a rejoinder to the kind of introspection that gained pace in the west after 9/11, and subsequently the Iraq war the feeling that, whether or not the new global insecurity was all our fault, it certainly demanded self-criticism and reflection, rather than simply a more strident assertion of the merits of our worldview. (The whole world hates us, and we deserve it, is how the French philosopher Pascal Bruckner derisively characterises this attitude.) On the contrary, the optimists insist, the data demonstrates that the global dominance of western power and ideas over the last two centuries has seen a transformative improvement in almost everyones quality of life. Matt Ridley likes to quote a predecessor of the contemporary optimists, the Whig historian Thomas Babington Macaulay: On what principle is it that, when we see nothing but improvement behind us, we are to expect nothing but deterioration before us?

The despondent self-criticism that frustrates the New Optimists is fuelled in part at least the way they see it by a kind of optical illusion in the way we think about progress. As Steven Pinker observes, whenever youre busy judging governments or economic systems for falling short of standards of decency, its all too easy to lose sight of how those standards themselves have altered over time. We are scandalised by reports of prisoners being tortured by the CIA but only thanks to the historically recent emergence of a general consensus that torture is beyond the pale. (In medieval England, it was a relatively unremarkable feature of the criminal justice system.) We can be appalled by the deaths of migrants in the Mediterranean only because we start from the position that unknown strangers from distant lands are worthy of moral consideration a notion that would probably have struck most of us as absurd had we been born in 1700. Yet the stronger this kind of consensus grows, the more unconscionable each violation of it will seem. And so, ironically enough, the outrage you feel when you read the headlines is actually evidence that this is a magnificent time to be alive. (A recent addition to the New Optimist bookshelf, The Moral Arc by Michael Shermer, binds this argument directly to the optimists faith in science: it is scientific progress, he argues, that is destined to make us ever more ethical.)

The nagging suspicion that this argument is somehow based on a sleight of hand it would seem to permit any outrage to be reinterpreted as evidence of our betterment may lead you to another objection: even if its true that everything really is so much better than ever, why assume things will continue to improve? Improvements in sanitation and life expectancy cant prevent rising sea levels destroying your country. And its dangerous, more generally, to predict future results by past performance: view things on a sufficiently long timescale, and it becomes impossible to tell whether the progress the New Optimists celebrate is evidence of historys steady upward trajectory, or just a blip.

Almost every advance Norberg champions in his book Progress, for example, took place in the last 200 years a fact that the optimists take as evidence of the unstoppable potency of modern civilisation, but which might just as easily be taken as evidence of how rare such periods of progress are. Humans have been around for 200,000 years; extrapolating from a 200-year stretch seems unwise. We risk making the mistake of the 19th-century British historian Henry Buckle, who confidently declared, in his book History of Civilization in England, that war would soon be a thing of the past. That this barbarous pursuit is, in the progress of society, steadily declining, must be evident, even to the most hasty reader of European history, he wrote. It was 1857; Buckle seemed confident that the recently concluded Crimean war would be one of the last.

But the real concern here is not that the steady progress of the last two centuries will gradually swing into reverse, plunging us back to the conditions of the past; its that the world we have created the very engine of all that progress is so complex, volatile and unpredictable that catastrophe might befall us at any moment. Steven Pinker may be absolutely correct that fewer and fewer people are resorting to violence to settle their disagreements, but (as he would concede) it only takes a single angry narcissist in possession of the nuclear codes to spark a global disaster. Digital technology has unquestionably helped fuel a worldwide surge in economic growth, but if cyberterrorists use it to bring down the planets financial infrastructure next month, that growth might rather swiftly become moot.

The point is that if something does go seriously wrong in our societies, its really hard to see where it stops, says David Runciman, professor of politics at Cambridge University, who takes a less sanguine view of the future, and who has debated New Optimists such as Ridley and Norberg. The thought that, say, the next financial crisis, in a world as interconnected and algorithmically driven as our world, could simply spiral out of control that is not an irrational thought. Which makes it quite hard to be blithely optimistic. When you live in a world where everything seems to be getting better, yet it could all collapse tomorrow, its perfectly rational to be freaked out.

Runciman raises a related and equally troubling thought about modern politics, in his book The Confidence Trap. Democracy seems to be doing well: the New Optimists note that there are now about 120 democracies among the worlds 193 countries, up from just 40 in 1972. But what if its the very strength of democracy and our complacency about its capacity to withstand almost anything that augurs its eventual collapse? Could it be that our real problem is not an excess of pessimism, as the New Optimists maintain, but a dangerous degree of overconfidence?

According to this argument, the people who voted for Trump and Brexit didnt really do so because they had concluded their system was broken, and needed to be replaced. On the contrary: they voted as they did precisely because they had grown too confident that the essential security provided by government would always be there for them, whatever incendiary choice they made at the ballot-box. People voted for Trump because they didnt believe him, Runciman has written. They wanted Trump to shake up a system that they also expected to shield them from the recklessness of a man like Trump. The problem with this pattern delivering electoral shocks because youre confident the system can withstand them is that theres no reason to assume it can continue indefinitely: at some point, the damage may not be repairable. The New Optimists describe a world in which human agency doesnt seem to matter, because there are these evolved forces that are moving us in the right direction, Runciman says. But human agency does still matter human beings still have the capacity to mess it all up. And it may be that our capacity to mess it up is growing.

The optimists arent unaware of such risks but it is a reliable feature of the optimistic mindset that one can usually find an upbeat interpretation of the same seemingly scary facts. Youre asking, Am I the man who falls out of a skyscraper, and as he passes the second storey, says, So far, so good? Matt Ridley says. And the answer is, well, actually, in the past, people have foreseen catastrophe just around the corner and been wrong about it so often that this a relevant fact to take into account. History does seem to bear Ridley out. Then again, of course it does: if a civilisation-ending catastrophe had in fact occurred, you presumably wouldnt be reading this now. People who predict imminent catastrophes are usually wrong. On the other hand, they need only be right once.

If there is a single momentthat signalled the birth of the New Optimism, it was fittingly, somehow a TED talk, delivered in 2006 by the Swedish statistician and self-styled edutainer Hans Rosling, who died earlier this year. Entitled The best stats youve ever seen, Roslings talk summarised the results of an ingenious study he had conducted among Swedish university students. Presenting them with pairs of countries Russia and Malaysia, Turkey and Sri Lanka, and so on he asked them to guess which scored better on various measures of health, such as child mortality rates. The students reliably got it wrong, basing their answers on the assumption that countries closer to their own, both geographically and ethnically, must be better off.

But in fact Rosling had picked the pairs to prove a point: Russia had twice Malaysias child mortality, and Turkey twice that of Sri Lanka. Part of the defeatist mindset of the modern west, the way Rosling saw it, was the deeply ingrained assumption that we are living through times that are as good as theyre ever going to be and that the future we are bequeathing, to future generations and especially to the world beyond Europe and north America, can only be a disheartening one. Rosling enjoyed observing that if you had run this experiment on chimpanzees by labelling a banana with the name of each country and inviting them to pick one, they would have performed better than the students, since they would be right half the time, thanks to chance. Well-educated European humans, by contrast, get things far wronger than chance. We are not merely ignorant of the facts; we are actively convinced of depressing facts that arent true.

Its exhilarating to watch The best stats youve ever seen today partly because of Roslings nerdy, high-energy stage performance, but also because it seems to shine the bracing light of objective fact on questions usually mired in angry partisanship. Far more than when he delivered the talk, we live now in the Age of the Take, in which a seemingly infinite supply of blog posts, opinion columns, books and TV talking heads compete to tell us how to feel about the news. Most of this opinionising focuses less on stacking up hard facts in favour of an argument than it does on declaring what attitude you ought to adopt: the typical take invites you to conclude, say, that Donald Trump is a fascist, or that he isnt, or that BBC presenters are overpaid, or that your yoga practice is an instance of cultural appropriation. (This shouldnt really come as a surprise: the internet economy is fuelled by attention, and its far easier to seize someones attention with emotionally charged argument than mere information plus you dont have to pay for the expensive reporting required to ferret out the facts.) The New Optimists promise something different: a way to feel about the state of the world based on the way it really is.

Illustration by Pete Gamlen

But after steeping yourself in their work, you begin to wonder if all their upbeat factoids really do speak for themselves. For a start, why assume that the correct comparison to be making is the one between the world as it was, say, 200 years ago, and the world as it is today? You might argue that comparing the present with the past is stacking the deck. Of course things are better than they were. But theyre surely nowhere near as good as they ought to be. To pick some obvious examples, humanity indisputably has the capacity to eliminate extreme poverty, end famines, or radically reduce human damage to the climate. But weve done none of these, and the fact that things arent as terrible as they were in 1800 is arguably beside the point.

Ironically, given their reliance on cognitive biases to explain our predilection for negativity, the New Optimists may be in the grip of one themselves: the anchoring bias, which describes our tendency to rely too heavily on certain pieces of information when making judgments. If you start from the fact that plague victims once languished in the streets of European cities, its natural to conclude that life these days is wonderful. But if you start from the position that we could have eliminated famines, or reversed global warming, the fact that such problems persist may provoke a different kind of judgment.

The argument that we should be feeling happier than we are because life on the planet as a whole is getting better, on average, also misunderstands a fundamental truth about how happiness works: our judgments of the world result from making specific comparisons that feel relevant to us, not on adopting what David Runciman refers to as the view from outer space. If people in your small American town are far less economically secure than they were in living memory, or if youre a young British person facing the prospect that you might never own a home, its not particularly consoling to be told that more and more Chinese people are entering the middle classes. At book readings in the US midwest, Ridley recalls, audience members frequently questioned his optimism on the grounds that their own lives didnt seem to be on an upward trajectory. Theyd say, You keep saying the worlds getting better, but it doesnt feel like that round here. And I would say, Yes, but this isnt the whole world! Are you not even a little bit cheered by the fact that really poor Africans are getting a bit less poor? There is a sense in which this is a fair point. But theres another sense in which its a completely irrelevant one.

At its heart, the New Optimism is an ideological argument: broadly speaking, its proponents are advocates for the power of free markets, and they intend their sunny picture of humanitys recent past and imminent future to vindicate their politics. This is a perfectly legitimate political argument to make but its still a political argument, not a straightforward, neutral reliance on objective facts. The claim that we are living in a golden age, and that our dominant mood of pessimism is unwarranted, is not an antidote to the Age of the Take, but a Take like any other and it makes just as much sense to adopt the opposite view. What I dislike, Runciman says, is this assumption that if you push back against their argument, what youre saying is that all these things are not worth valuing For people to feel deeply uneasy about the world we inhabit now, despite all these indicators pointing up, seems to me reasonable, given the relative instability of the evidence of this progress, and the [unpredictability] that overhangs it. Everything really is pretty fragile.

Johan Norberg, who launched his book Progress two months before the US presidential election, watched the results come in on a foggy morning in Stockholm, at a party organised by the American embassy. As Trumps victory became a certainty, the atmosphere turned from one of rumbling alarm to horrified disbelief. We were all Swedes in the media, politics, business and so on I think it would have been hard to find a single person there who had hoped for a Trump win so pretty soon the mood was going downhill dramatically, Norberg recalled. And whats more, they didnt have any alcohol, which didnt help, because everyone was saying: We need something strong here! But they had it more set up like a breakfast thing. He smiled. I think Americans dont really understand Swedes.

The populist surges of the last two years in the US and Britain powering the rise of Trump, the Brexit vote, and the unpredicted levels of support for Bernie Sanders and Jeremy Corbyn pose a complicated problem for the New Optimists. On the one hand, its easy enough to characterise such anger directed toward political establishments as a mistake, based on a failure to perceive how well things are going; or as a legitimate reaction to real, but localised and temporary bumps in the road, which neednt constitute any larger argument for pessimism. On the other hand, it is a curious view of the world that sees such political waves solely as responses, mistaken or otherwise, to the real situation. They are part of that real situation. Even if you think that Trump supporters, say, were wholly in error to perceive their situation negatively, the perception itself was real enough and they really did elect Trump, with all his potential for destabilisation. (The New Optimists, says David Runciman, think of politics as nothing more than an annoyance, because in their view the things that drive progress are not political. But the things that drive failure are political.) There is a point at which it stops being so relevant whether widespread pessimism and anxiety can be justified or not, and becomes more relevant simply that it is widespread.

Norberg is no Trump supporter, and the election result might have seemed like a setback to an author promoting a book painting humanitys immediate future as entirely rosy. In it, he does warn that progress isnt inevitable: There is a real risk of a nativist backlash, he writes. When we dont see the progress we have made, we begin to search for scapegoats for the problems that remain. But it is in the nature of the New Optimism that negative developments can be alchemised into reasons to be cheerful, and by the time we spoke, Norberg had an upbeat spin on the election, too.

I think it might be that in a couple of years time, well think it was a great thing that Trump won, he says. Because if hed lost, and Hillary had won, shed have been the most hated president of modern times, and then Trump and Bannon would have used that to build an alt-right media empire, create an avalanche of hatred, and then there might have been a more disciplined candidate the next time round a real fascist, rather than someone impersonating Trump may prove to have been the incompetent, self-absorbed person who ruins the populist brand in the United States. This sort of counterfactual argument suffers from not being falsifiable, and in any case, its a long way from a position of straightforward positivity about the direction in which the world is moving. But perhaps it is the one genuinely indisputable truth on which the New Optimists and the more pessimistically minded can agree: that whatever happens, things could always, in principle, have been worse.

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The HERO – What is The Billion Dollar Hero Challenge? – Bitshares

This video, https://www.youtube.com/watch?v=VxCn4j2JOtY, can also be seen at https://www.youtube.com/channel/UCASo8I7HjXn6ypM2vkF7xqg.

Hi everybody I’m Michael and I’ve got Stan Larimer here from Krypton ohmic and bitshares and we’re here to talk about its exciting new initiative that we’ve got going on called the hero challenge or I guess more so it’s more like the billion dollar prize challenge and I think we’re going to explain what this is and everything here in just a minute but you want to say hi to everybody real quick Stan hello everybody great to be here everybody now we’re going to talk about the hero or well I guess what is the hero first of all Stan where’s the hero to you well what we’ve done is we’ve produced a new coin using the chairs capabilities that should be of great interest to ordinary people right now a lot of people get excited about digital currencies are pretty much either you know people who like technology or people who have a special use case but the RV’s consumer now they haven’t seen a reason to do it just yet but we wanted to produce a currency that was more likely to be interesting of interest to the average person and the average person out there would like to have something that works a lot better than the banking system like to have something that make is stable and doesn’t put it a lot of risk on them in terms of volatility because most people don’t like to play the markets and help me to give them a nice stable % ready to return because that’s something people just can’t get these days when I was a kid I could put my money from mowing lawns into a passbook savings account learned % and like to return to that day and so we created a coin that does exactly that and that’s the one we’re going to mark market to the mainstream and what you’re hearing today is our plans to take it to the mainstream which quite frankly is about a hundred times maybe the market than the current market that we’ve been playing it right and so you know even though the coin it says honest money for heroic enterprises and I think that’s a really great tagline for what the hero is and just in just a quick little description and a little nutshell you know and so people will say what are you II need my honest money well that’s a really good question I guess we could talk about what dishonest money is like money that tends to lose value over time because governments print too much of it oh that’s pretty dishonest and the fact that money gets interfere dwith all along the way when you try to send it to somebody you don’t have the freedom that you would have just reaching in your pocket and pulling out a coin and handing it physically to somebody we’ve lost that when we try to interact with people around the planet so this particular honest money is money that can’t be taken from you it’s on a blockchain where no one else can get it it’s one that’s not backed by a potential fiction either public debt or in some cases theoretically gold that may or may not be present somewhere yes purple money is money that you actually can verify as backing because the backing is equity of the blockchain company that’s running it I think that’s a really important part to this entire thing and I think to selling this on consumers and people who are not crypto savvy in general is that this is something that has backing once I think most people understand the way that our current monetary and banking systems work and they don’t have to have a high level understanding just enough to understand it it’s based on fiction as you just said and there is not a lot backing what they have in their pockets were spending their confidence level would plummet in that system the more and more they do and I see it whenever somebody actually begins to understand that this is a little different in that there is a value behind it and people can assess that value and I think that is really important because I have the confidence in it and folks that are watching this right now please feel free to give us your tape – because I want to know what’s important to you when you see the hero when you think about bitshares when you think about this system that you’ve got at your fingertips that you can use to now take control of your finances take control of your personal assets as a global banking alternative of sorts what is important to you about what what do you want to use it for those are the things that we need to know and understand so when Stan and I go out there market this and we push this hero challenge we talk to people about it and how to use it we’re able to talk to them about what’s important so that’s that’s really great stuff so I’m going to actually go to the next slide because I think that’s important – it is a million two billion dollar club who’s in that club now right – that’s a kind of important thing we’ve got Bitcoin you know hit the billion dollar market cap Club is up and what we’re referring to here and then etherium did and in bitshares it’s a billion dollar market cap Club which is unrelated but that’s not what I mean by this that’s right that it’s called the million two billion Club okay basically swimming if you had a wallet that had a million dollars worth of Bitcoin in it a few years ago that wallet would be worth a billion dollars now can he get hurt Bitcoin was the first to take millionaires and make them billionaires yeah of course if you had a thousand dollars you had a million dollars too so it’s a scale to anything it took Bitcoin three years to achieve that which you know is pretty amazing you know what a rate of return from a million to a billion but still there hams on track they’re not quite having done a million to a billion but they’re pretty close and could make it inside of two years if they get it done by the end of the summer so they’re they’re not technically in the million billion club yet but they’re pretty darn close and so we looked at bitshares and said we’ll wait a minute there’s a couple things here yeah if Bitcoin and aetherium did it with the things they’ve got going for them and as we’ll show in this conversation we got a whole lot more going for pictures than they do then one would ask why wouldn’t we expect the chairs to do that same thing if bitshares does do that same thing and we can sort of say yeah I think that’s really likely then why don’t we build an entire marketing campaign around the fact that hey that could probably happen and has happened without such a marketing campaign with Bitcoin and probably aetherium why not build a marketing campaign that assumes that will happen and put a billion dollar prize out at the end of it so that it becomes a self-fulfilling prophecy and that is the idea that you know inspired everything that we’re talking about here because we can prove that coins do this we can show people that we’re better positioned than either of those two were before they did it and we’re putting a marketing campaign behind it that is unequaled in the industry yeah I agree um it is interesting watching the Bitcoin jumping in-you theorems up and now you know here we are at the presses the technology as you just said it’s completely different you know we’ve been I believe more advanced in the other two that we’ve been talking about quite a long time but we’ve been under the radar you know there’s a lot of folks that have heard about it and have built some companies on it and we’ll talk about then here on the next slide so on this line right here in and I’ll let you kind of explain a little bit to it but that little bump that you see right there is now this is actually Bitcoin market cap and their timeline of value right that we’re looking at right here yeah this is Bitcoin and we’re pointing to events in the life of pictures that seem to fit what bitcoin is doing and that little tiny blip that we looked at if you blow that up looks like what happened Bitcoin back in April of Levin went from nine million up to million and then settled back down to about heck hey does that look familiar in terms of what happens every time there’s a big run-up and then things coming back down to maybe half scale I’ve heard a lot of chatter on our community it was really excited during the run-up that we just experienced around June th where we had a boom like the one that you see over there in the second side the first boom just went up to in some million at the time we looked at it in May and now we’re Michael’s touch highlighting you see that we’ve already had our go above a billion in back down to half a billion so people who are concerned about what’s happening hey just look historically what happens when we get these different booms then there’s always a recalibration and back up to the next site so you know if you’re a day trader well okay plan on that but if you’re a person who doesn’t want to take that risk just look at where we are and that’s what we’re saying well heck this coin did that without a global marketing campaign we’re going to do that and one other thing we have is quite a few very large investors who are behind us this time just ready to jump in so there are a lot of different things contributing to our ability to pretty much count on being able to do what the other two have done and those are kinds of things we’ll talk about here today right and that Ben is very interesting stuff i remember i got into bitcoin right around this area right around here but I remember this jump definitely because I was heavily involved in Bitcoin at that time everything Simpson has just been really amazing two point we’re now bitcoins you know what’s waiting anywhere between to almost $, coin absolutely insane you know a theory on copying over $ several times $ and bits here pushing over a billion dollar market cap multiple times the last month I’m just kind of testing the water and I do believe that we’re about to see from this blip like you said in June of that we just experienced right here which is where we’re at to see this big jump and that’s going to be really exciting stuff is I think this is where we’re at right right in this section right here so really exciting thing about that I’ll just mention is all that all that happened just on its own merits not due to our campaign our campaign doesn’t start till tomorrow so everything I’m talking about here would have presumably happened anyway there’s a few of you who may have bought based upon us leaking to you what’s happening but in general the rest of the world hasn’t seen this has no clue what’s coming and that much happened already on its own so cake benadryl kheh absolutely so on this screen and I really like this one because it puts into context the technological capabilities of what we’re talking about we got over here I’m going to highlight this and if you want to just go through it we’ve got Bitcoin right here and they’re they’re worth the most right now in terms of market cap and awesome value corn quote and you got a steering right here and what’s the correlation is I think this section right here right which is the speed of transactions yeah if there am is transactions per second Bitcoin is about three to four maybe maxing out at seven and so I put them over there sort of on a scale of you know Bitcoin is how fast can you walk if they’re in yeah maybe how fast can a horse run and then clear over off the chart the various technologies that that on our block chains bitch air is steam and you know EOS is shown I probably should have shown it clear off the right-hand my speed of a board cube or something I don’t know but it would you know it obviously allow us to scale to where the right-hand axis becomes meaningless because there is no limit but the real question I want to ask everybody is you’re so used to thinking of number one being based on the metric of market cap okay but certainly competitions of all types just look at the Olympics there’s all kinds of games where different things become what the competitions in my competition comes to the ability to scale they and all the world’s transactions the technologies we see along the bottom x-axis there are the ones that as far as I’m concerned determines who’s not who’s number one not not the instantaneous market cap that might tell you the market cap rate is a an indication of past history it doesn’t really tell you anything about the future or not much what tell you about the future is the x-axis in terms of what is the performance of different systems so I would argue that the technology is that we’re promoting are number one and Bitcoin is you know clear back at the beginning and as I’ve always said I salute Henry Ford for developing the Model T but don’t drive Model T’s anymore if I’ve got a starship I can take absolutely and that’s that’s a really good point that puts it into a very good context I think for a lot of people when I heard you say that the first time I kind of chuckled a little bit but it’s so true enm thank you Henry Ford II now and take you right brothers you know and Leonardo DaVinci to but I’m not flying what I think it draws Atlantic or even taking it up anywhere around here either for various reasons and it makes lesson and I would like to say you know when people start understanding technological capabilities of what we have to offer when people start understanding not just the tech but just the ability to save their assets and to have more control over them and to have personal freedom of it I would like to see the value six years and steam videos continue to rise and I guess have that value be recognized in terms of market cap and marketability then that would be really great stuff so on this next slide well just a minute guess what lacquer we got feels a little robot sir I’d like to just mention yes sovereign software companies you know we have a collection of people on this call that may range from people who have been with us for the past four years and basically we started four years ago tomorrow on July fourth the development years so long history with some people but some people just joining us and certainly all the people who want to reach with the hero had no idea what the benefit of a sovereign software company might be decentralized a communist company is what we called it four years ago but I’d like to emphasize the sovereign the idea that these companies sit out there and cannot be interfered with by anybody and he government any power any big bank that’s what bitcoin was originally designed for and all of these block cane based systems are basically there because they’re built out of a whole bunch of computers scattered around the world to check each other and no humans can corrupt because their robots are all checking each other and the robots are programmed to be robotic ly honest and therefore we’re relying on that but here’s the other big factor if we were to try to go out and sell that to the average consumer today that doesn’t realize how much at risk their money is in the current system even though every decade we’ve seen some major currency collapse going back as far as you can remember but people just don’t have memories that are that long new people are coming along all the time and T the Great Depression and the all the inflation’s that happen somewhere else really don’t enter into people’s consciousness so if we were to try to market bitshares as we have for the past few years as being really high performance and really incorruptible guess what that falls on deaf ears a lot of people that’s why we invented the hero we need to meet people and solve problems that they care about once they’re there we’ll teach him about the other benefits and I’ll never want to go back but that’s a fundamental difference in our marketing strategy coming forward in the coming year and what you typically see people out doing various interviews and so on talking about their great new blocking most people don’t know what a blockchain is and don’t care to find out but if they can go get % on a passbook savings account and maybe that’s worth learning about and so that’s the big difference in our approach yeah okay and in that that puts in a lot of perspective – how many people here understood kind of the approach behind that that we we want to be able to we’ll take the power away from everybody – correct or control it and this is a way to do so how many people here are getting that I see I see people enhancer down there so awesome now we had a couple of questions they’ll answer a few of them – so he says hero works the same way as bitusd apart from different interest rates we’ll cover that here in a few minutes somebody’s saying I think for block change in general it’s super important to have developers be cool for developer like me that just starts out in a black teen area to have video tutorials to get started with bitshares yet I think that those kind of things are are coming in the future now that now that more people are showing some interest in it you know we do have some core developers who’ve been around for a long time some of them may be on this call there’s other folks that have been on here working with us and as Stan just mentioned and chewing on the slide different spin-offs like steams kind of spinoff from what was started by EEOC is kind of a new interation it’s kind of Richard on steroid and then some and with Daniels new project with that which congratulations on I mean over million dollars donations within the first few days and stuff like that great I think it’s on track to be one of the biggest I SEOs if not the biggest ICO in crypto history which is going to be kind of fantastic thing so many much in pure plays which is another spin-off by Jonathan and the rest of his crew and there’s a lot of other developers again at Stansted who’ve been in the bitshares ecosystem working really hard to develop separate companies that help build on what we have to offer to bring in more people open ledger Ronnie over there and other people we’ve got you know the remedial projects and other folks that are trying to bring in and trying to build out the ecosystem so folks can on-ramp off ramp and do different things within here on this next slide and it let me Google or get rid of that drawing is again in perspective of the technology in and of itself but this is really this is a really important slide because of what we discussed go ahead and go over what you want to that I wanted to take a minute on what I think is really important on this particular slide okay well there’s two things that are being talked about one is just the total time it takes or the total transactions per second it can happen I think most people have noticed Bitcoin with seven transactions per second and aetherium with those are good for you know experimenting but it doesn’t scale so you put a big task on to it like for example a big major crowdfunding activity suddenly they clog up and have to start rationing their bandwidth because they can’t get everything done and that’s what’s driven up the price of doing transactions on those networks but generally that’s what you get throughout the industry and if you look way down in the bottom right corner the three little bars are shown in that circle compared to the total capacity that bitch shares brings to the table yeah it’s not even in the same league all those little bars you know that are about the same size as the dash bar over there are stacked up to represent recent stress test that we did that’s not a limit on how much we can handle that’s how many transactions we were able to generate and the system didn’t break a sweat theoretically in the laboratory we have shown that the technology has the capability to go up to , transaction per second if people out there just switch to you know state-of-the-art processors that are commercially available that’ll happen as the actual usage picks up note also by the way someone’s asked about peer players I put a little peer plays symbol on that chart over on the right and area just as a salute to them but yeah they do count to using the same technology as bitshares and steam it enhanced with new features I’ll let you talk about the other circle there Michael yeah you know I I really like this one uh first of all I stand pointed out you know we got seven you know transactions per second transactions per second those are all great but again you cannot replace a global financial system be a global banking alternative even even really do a decent amount of point-of-sale transactions per day at a busy company let’s say Starbucks for instance you know and be able to run on any of these networks Bitcoin Siri or desk you just can’t do it I just I don’t see a way to do it and I’m in e-commerce you know I’ve done this stuff for years I know people who run websites that have you know tens of thousands of transactions per day ease easily when you start adding up one company with , transactions and maybe have a hundred of those companies that have , transactions what’s that do these networks what’s going to happen is exactly what you seen happen in the last days you see large crowd funds icos but it doesn’t matter that it’s ICO you see a large amount of transactions now their fuel these IPOs that are coming people all want to jump in so they’re all pushing all these transactions to these networks but it doesn’t matter what it’s fueled by the ICO is feeling it but what it is in general is always transactions coming through the network just like any other financial network like Visa MasterCard or anybody else and they’re clogging the network and are causing the network to shut down go slow exchanges that are trying to exchange those types of currencies and critical assets unable to trade those assets customer support departments being clogged to the point where there are two three four weeks out in support tickets people sending assets to convert from one to another having those assets hanging ether so to speak but maybe maybe not intended but now it those things happening those things happen big problems I don’t know what’s going on here I got a something that’s not happy those are all issues that you have to address and those are things that I saw Daniel attempt to address years ago at Bitcoin conferences in Austin in Las Vegas and other ones where we brought this up in side table conversations on stage through keynote addresses and these were things that were not taking it seriously when they should have a thing now here’s why and this is the second part of the graph that you see here if you see the cement bitshares section right here this circle what’s really interesting about that is this is peak transactions per day what I think we almost hit either , transactions just on bitshares last week in just one day which was pretty amazing since almost a billion transactions in one day on the good shares Network alone that doesn’t even include steam it boring of the other projects your honor so what you see here is that schema and viscera speak transactions per day totally eclipsed experience and bitshares any of the other crypto assets are out there in fact if you take the top or or even thirty crypto assets and PI on all of their transactions per day together pictures and scene it’s still eclipse them and we can handle all them what that also means that all of these IPOs that are clogging up Syria and everything like that this is pretty crazy to think about but every transactions that’s done and all of the major cryptocurrencies combined plus the I SEOs that are happening on a theorem all the same time could happen on the bitshares network and it not have the congestion that is what this means that is the capability of this network Daniel force saw things like FEMA for instance and I think this is a really great example of an argument for using bitshares graphing blockchain technology for industrial and commercial usage FEMA is a social media platform you know you have facebook on an average day thousand lights per second that’s just like so there’s may include comments as include people posting things as an include tags that include any of that that is just like those are operations or transactions on any sort of network you cannot run a social media network on the other blockchain technologies that are out there you can run it on pictures graphing technology because it’s capable of scaling to one hundred two hundred thousand transactions per second maybe even warm that’s what that’s what what is very important about this slide if you want to be able to have industrial commercial usage if you want to have social media networks if you want to have actual point-of-sale transactions happening on network just imagine you know a thousand different companies using one point-of-sale transaction system you know what would that look like how many transactions are happening per second or per minute that’s a lot of transactions it’s not going to be able to happen on these other technologies maybe they can catch up maybe they can hard for maybe they can do that stuff but these being things these these capabilities the technology that we’ve had referral systems to transactions per second the scalability we’ve had this for three years and it’s been out there tested secure it’s never had a day of downtime this is what’s important and I think this is perfect she shines and if people were able to understand and see this and recognize it for what it is that’s where I think you’re going to see that big jump that’s where you’re going to see that jump that we were talking about on previous slide so okay Michael we’re getting a lot of really great questions here that should have been we should have made this chart a lot busier because it currently we’re leaving out a lot of things I like to quickly run down through here and just give some real bam-bam-bam answers to some of these questions before we continue if you don’t mind if I want to be important okay first question Hiro works the same as bitusd apart than the different interest rate yeah it’s definition is that it grows five percent against the dollar per year since and we’ll talk a little bit more about that coming up but it basically it’s a market pegged asset works just like bitusd and next question is you know what platforms are we going to be advertising on we’ll cover that coming up a little bit although a lot of that is determined by our advertising partner that takes over tomorrow that doesn’t mean I won’t write stuff but they’re going to watch what I write because they want to manage the brand I mean these guys are pros and they have access to every media out there you’ll probably see when the time is right mainstream adds like a Geico ad or something it could happen right now it says we could use a hero to help medical marijuana industry yeah there’s a lot of people in that industry that need a currency that won’t be interfered with you would not believe the number of people Michael talks to on a given week interested in in that so this would be a perfect thing for them to use and let’s see the idea is not to spend BTS so a good thing to go over is how do we get cash to spend anywhere it accepts MasterCard okay I’ll leave that one to you Michael when we get towards the end and then let’s see we’ll just I’ll come back and I don’t want to repeat every one of them until we get I wanted to pick up because some of these will cover in due course that difference between pictures here oh and it’s cerium well the hero is basically a asset type or some type of class on the bitshares Network Hysterium that is its own blockchain networking payment network as well as ether which is its kind of currency on the network bitshares is its own network and also a denomination or currency or share on the network as well kind of like Bitcoin is its own payment network as well as a currency on the network another question some merchants accept Bitcoin which is what makes it so valuable though merchants accept the hero ah very interesting many things to be said about that it turns out that accepting Bitcoin directly is going to become a thing of the past it’s been bitcoins advantage as you’ve indicated but more and more payment systems are abstracting that out and accepting dozens of different currencies so that it doesn’t become necessary for merchants to be aware of what digital currency is being used Michael’s got a company that will load a debit card from any of the main currencies including the hero and you can then just go spend it in debit card anywhere you want you can see that in video com so it doesn’t matter is the bottom line long term that that advantage Bitcoin has it goes away but keep in mind by the time the hero and bit sure is this number one will have that advantage if we ever needed I agree and also it’s maybe not necessarily to be spent to I don’t want to be giving advice on what to do with your money or anything like that me personally I see the hero as something that I would put my money into and keep into I wouldn’t necessarily spend it but I want to spend it I might move some out in to something that would be more expendable but the hero is supposed to appreciate at an average of five percent per year so if I were to be spending it I’m kind of spending my my nest egg that’s appreciating rather than letting it sit there and accrue so I see people as holding the hero more than necessarily spending it but I do also see people you know doing some transactions and I see people holding on to it as a savings more than anything like that but I see other people who talked about accepting it as payment I’ve accepted it already as payment but I didn’t cash it in I saved it so you know I would be willing to accept heroes’s payment for different things and how many people here if you guys know about hero’s would accept a hero think you know let me know because that’s important to us too we’re actually considering paying people in heroes for different asks so you know that’s something that’s important to us what’s the let’s see what are the hair max go ahead yeah that’s what I was going to talk about next what are the drawbacks of the DAC Eugene management issues this is actually an inverted question because if you look at the management issues Bitcoin has it cannot even decide what the blog new block type size ought to be Richard chairs has upgraded many many times during the past few years with new features the community has the authority to decide to do an upgrade and make it happen very quickly so it’s actually an advantage although technically bitcoin is a deck it’s decentralized it’s autonomous and it’s a company whether they realize it or not it’s just a very simple company and it’s unprofitable and it doesn’t have any kind of a management methods now one of the true interesting challenges is to improve management because when you decentralize management you pick up the the lack of immediacy that you know at a dynamic company with Steve Jobs at the head of it who can make an instantaneous decision I don’t get that type of flexibility and so you’re always limited that if you give any system that much power it’ll probably run away with you and become corruptible by some other outside power and using that against you so it’s a compromise but bitshares is actually one of the most successful government systems that you could get and still remain highly decentralized right that’s that is very important and that’s part of this part of the problem I guess and part of this solution that we have here is that we don’t have that central authority we don’t have that one person that can go and just make that decision and there are times that that is really really good you know when you’re worried about corrupt ability and stuff there’s also times when it comes to pivot that you’re not able to do quite as quickly and maybe that’s the next problem that we need to work on solving is how to get the folks that are voting in the delegates and everybody that are on this part of the system to be able to move a little bit faster and in those times be able to vote for initiatives and and workers and things like that and proposals that we put out on the network but that’s also part of the strength of this network is the governance of the network the way that we have governed it the way that it has been governed by the people we don’t always agree with each other and believe me there are definitely some decisions that are made I am NOT the most pleased with because it’s made what I feel is a adoption of bitshares a little bit more difficult that’s my opinion you know and that’s not the overall consensus of the rest of shareholders so I you know I accept to ride that out and hopefully they either see the light or something else changes or something else happens right it’s kind of it’s going to how it works well this next slide a good one because it’s kind of about the guy responsible for a lot of this now there’s a lot of folks that have worked on pictures that are responsible for what it is today absolutely but I think the person that dassault starts with is this guy right here Daniel armor which is Stan’s son and Daniel again if you guys have seen us speak previously but I’m going to just say again that Daniels really owned those guys who impressed me on such an intellectual level the first time I met him and then subsequent conversations at everyone since then I always have value any time I’ve been able to spend with him personally together with him physically or even on any conference calls and we spent a lot of times on conference calls in the past when um bitshares is being developed in the . everything features what I gathered from all those conversations is that he just has this vision there’s so much far beyond the scope of most people what they’re able to see or even care about we’re going to be able to implement work built and he’s able he’s been able to do that over the last few years particularly and I’ve been starting to see a pattern of him stair stepping everything that he’s been trying to do he’s building this out in increments he realizes that you can’t build a whole thing out in one piece he had to build it out in pieces and parts in order to get the whole thing into play and I see what he’s doing now and so Victor’s itself was a was a huge jumping technology if you look at blockchain technology and everything that we’ve discussed so far on this call you see that this bitshares blockchain is the most technologically advanced most scalable for commercial and industrial purposes and in most application technology it just is and this was a few years ago since then he was able to create the steamin platform which is again another technological success it then showcases the ability to have that many transactions per second that in a blockchain that’s not just used for currency or crypto or anything like that and in and of itself with this entire social media network that also has its own asset or currency that rides on it and that in and of itself is huge to to be able to that and make that leak from the bitshares system and the decks that we have to steam it and now te OS which again I believe is going to be on track to be the largest donation and contribution ICO in crypto history it’s going to it’s going to get there I believe it fully it’s only been what five six days out and it’s already in some of the top five or ten that have ever launched and it’s still got another three hundred fifty something days to go so we’ll see what happens I myself am really excited about the advent of that technology and what it’s going to do for bitshares what’s going to do for blockchain technology and the world at the hole Daniel you know and he said this ever since I met him is that you know he and his principles and what is his goals are secure life liberty and property for all freedom you know to make your own choices without third party stepping in or people getting involved and that that was really great and so like I said you know he really impressed me first time we met he talked about everything from flying velocity and technology to the insurance industry entertainment to medical records to you know everything I think we’ve even talked about like DNA sequencing and all sorts of craziness you both this is the stuff that blockchain is capable of and years ago when I met and that’s what turned a light on for me I thought to myself this is way past Bitcoin we’ll wait a minute here I get it now and that’s why I’ve kind of just worked alongside as much as I can to promote bitshares and the understanding of this technology and getting some sort of adoption or usage or anybody that to really understand or shape any sort of course in this so that’s why we’re here and Daniel I mean he he walks the walk and I don’t know what else I could say about him other than he is one extremely smart person that has a lot of convictions too and it’s based not just on his word for his actions and that I can appreciate quite a bit so I’ll quit quit on that slide and can move over this one and this is a good timeline of what he’s done I’ll let you kind of go over this a little bit and then I’ll fill in it through thinking four years ago tomorrow we started a company dan it was the vision behind it he got some investment from a big investor in China within five months on September th Guy Fawkes Day or November th Guy Fawkes Day introduced proto shares which was just a clone a Bitcoin but it was a way for people to own a coin that could then be upgraded to the destination of over time so it was the role ETSI Stiletto yeah it’s it was an early crowd funding mechanism a distribution mechanism where people could mine coins and so a lot of bitshares distribution comes from the same type of mining model as as Bitcoin but within a couple weeks all the big Bitcoin miners were turning their power over onto that day we put a few hiccups in there to make it so they had to modify their code but didn’t take them that long to do that and then suddenly they were sucking up all the proto shares just like they suck up all the Bitcoin and selling them into the market so we came to the understanding very quickly what’s the point if people are selling them into the market why don’t we just sell them into the market and bypass all the mining mythology that even today over half the bitcoins out there are mined by three companies and sold into the market so that’s where we started the trend towards initial coin offerings proud sales that’s where the model that’s being used right now in the eos distribution was first invented in something that was called angel shares at the time which gave people a chance to compete for a small group of shares every day for a hundred a period and so oh this was very cutting edge at the time and now everybody’s doing it but what happened is a year or so later bitch Ares came out and it started running and proving that you could put an exchange on a blockchain not just a coin and a whole smart coin factory for that matter then he went back to the drawing board and decided to accelerate it and a year later came graphene which pitch here is upgraded to and that’s what gave us the Lightspeed performance we’ve been talking about and steam it then pure plays spun off using that technology and now when EOS comes out about a year pitchers will just adopt that technology that’s huge because the other competitors out there are still stuck back saying we can’t upgrade why can’t Bitcoin upgrade to this technology right now because it’s run by miners and the miners make make money and they have a monopoly on it a few big miners so it can’t upgrade to something that would eliminate those miners it’s stuck in the Tar Pits but we don’t have that need to stick with year old technology we have demonstrated a smooth three second upgrade multiple times and that’s what we’ll do a year from now when EOS comes out we’ll do an upgrade to that technology while continuing to keep everybody’s ownership in the in the current system intact not change which is really saying that’s the disagree point is that only son of lot teams have been unable to keep up with changes have been able to keep up with and pivot with what happens in the world and I’m sorry you know it as a business owner and being in business you have to be able to adapt or you will perish that’s just the way it is this years has been able to adapt and continue on and not just adapt but to evolve evolve blockchain technology evolve the way that people market their blockchain businesses even with the ICL model structures that are out there today and can we did why don’t people like seoeon bitshares because they don’t know they don’t know any better that’s one number two you know aetherium is a more widely distributed token so it’s easier for them to potentially you know have distribution but when you have these problems of these ico shutting down entire payment networks you know when is enough enough so I see a lot of people in chat being very upset about Assyrian and about the clogs the congestion incoming it took me five days to get Experian the other day no you know customer service support help or anything like that until it finally came through it’s just because that network congestion stuff it’s really difficult to do business like that so they don’t I don’t think understands and as soon as we start having some high profile icos on bitshares i think you’re going to see a lot of people looking at it and say that’s where I should be at and that’s something I’m working on personally is bringing my profile i ciose to this year’s network over the next six to twelve months I’ve got about fifteen to twenty very very good i SEOs that are lining up and we’re just getting ready to put together the right team we’ve been putting it together now for the last month we’re going to have the right team to start pushing these out on the network in a very thoughtful good marketing campaign of good businesses but yeah now I think we’re going to have to move along because I’ve got about another half hour and then we can leave you answer all the rest of the questions if you want I like to get to the answer a lot of questions excuse me the big elephant the room question a lot of people are asking is if this is so good why aren’t people using it and the answer to that is because we have not had the marketing in place to do it what are the strategic alliances now one thing I will certainly say that clean aetherium have done their homework those teams did make good alliances and as a result they got a lot more adoption our approach has been if we build it they will come and it ought to be clear that building that system is not good enough you’ve got a market it you got to make strategic relationships and we’re finally doing that we finally got a team in place that has brought in an unbelievable number of supporters and investors and marketing power and we’re going to start leveraging that so once we do that we think that we’re going to have all the market liquidity and everything else people expect in order to adopt something the only reason people use the etherium is because it had more raw money sitting inside it they could be spent on the ice ago once we do that same thing that limitation goes away and then people will pick it based on performance we’re seeing people move from ethereum already and so we’ll see that become an avalanche in Cibola there’s actually some of the top bitshares markets out there and you’ll notice that since we look at this hero has appeared in two places those markets are now becoming more popular although they still lack a lot of liquidity that will come once we get some marketing but Swabians been building a bot that will help keep that market making function alive and that will help improve the liquidity and that’s necessary before big sponsors are willing to put a lot of money into it because anybody that has a lot of money doesn’t have time to sit there all day keep adjusting the buy and sell walls we’ve got to get that automated before things will pick up and work as smoothly as we like and that’s coming up in the coming month yes that is coming up in the coming months so we do recognise the need for that and there are two different groups that are going to be using the heroes they’re going to be people who are going to be borrowing or shorting them in existence of speculating a little bit more and taking a little bit more risk for greater rewards and there’s many people who are using the hero to just buy the hero to just have a quote unquote safe-haven you know to sit inside that and to get their percent interest per year and to be comfortable with that so there’s gonna be two groups of people that are there and you know group to where they’re going to be just more concerned with the percent not borrowing or speculating or gambling a little bit more on the market they don’t need to be educated about shorting a hero or collateral ratios or any of that sort of stuff what they need to be educated about and concern with more than anything is just being able to have their money in a safe place that’s accruing interest in a safe way honest money that’s backed by something of value that they can be reasonably assured is going to maintain that value and increase in value and that’s that’s its value prospect for them just as much as a bank try to make a case we’re having a interest rate of less than % on your savings account and people buying it every single day is that average national interest rate this point is zero point two two that is it’s crazy you know when a hero is percent and that I don’t think is a very hard value proposition for people once they understand that they can just put it in there and they see that value rise let’s see so this slide right here what were you doing with on this good – I don’t know we fluctuating market cap so much per day right now it’s it’s hard to keep up with it but you know the point is it sure is is already out there and been there for a long time adding the hero is the thing that can you know basically give it huge new legs because it’s something that we can market to the average person and that’s huge and with that everything else then can build a wrap we build around it and that’s what our marketing campaign can go now because we don’t have to go explain all the technical superiority differences we just talk to people about hey some heroes earn % and have a nice day so we’re leveraging that and that’s what enables this new marketing campaign or coming up with food right okay so on this one you’re going to talk a little bit about smart coin so the hero itself would be what’s determined to be a smart coins people heard about you know smart contracts maybe you may have heard of them smart climbs they may have heard of them maybe not what is a smart way and well okay best friend we start out with a dumb coin bit coin I’m not being purged or ative but bitcoin is a dumb coin it sits there and gets passed around but it doesn’t have any processing inside it it’s just people traded based like a dumb thing so silver or gold whereas a smart coin can be programmed by a smart contract to guarantee a share of another asset that’s put up as collateral to bakit and so you could make the equation be anything so people are talking about a definition that actually oscillates in time for certain applications and in our case the smart coins mostly say this coin is going to track the value of some of the fiat currency like the dollar euro yuan whatever but with the hero it actually closed in a growth factor of % annually and so it’s equation is a little bit more sophisticated and a smart coin is simply something whose value is defined by a smart contract in terms of another asset that backs it that’s interesting I know I am the next one we’re going to shoot some more about the hero and how the value is determined and all of that on this slide you know that what’s really cool about this is that you do get to see the usage of smart coins catching on quite a bit and the orange one is bit CNY so it’s actually Chinese currency right that’s that’s paid to the Chinese yon right and so if there is their reviews I mean they’re very pointing I into that that’s I mean I got a screen over here at some point but you see a lot of bit USD see bit see and why you see some euros but you I mean you see a huge spike in the last is this is this weekly here yes right every week for sure yeah thatis that is crazy I it has an absolutely crazy and you do see a live volume I started checking the volume of the market I’m using and there’s quite a lot of people that are putting money into become our coins because they are paid to the same currency that they’re used to so that is another value proposition people know what gold is or euros USD they could put their cryptocurrency into something like that that’s easier for mass adoption this is something that we were arguing in Las Vegas and Austin about price table crypto currencies when we I said I remember sitting there watching Daniel talk about unveiling bitusd and holding the pig steady and it was so funny I watched a video the other day and I was thinking about Erica da audience when this was going on and some people know I didn’t got it a lot more of them could not wrap their minds around how a cryptocurrency could have a stable value and it still to this day I see people getting to this look on their face like how is it possible so I think it’s possible through a smart coin to respond contract and through what we built right years ago here so this is a good example right here display which is the hero this is a smart coin with certain capabilities you’ve got bitusd pages of press the US dollar of value of the US dollar figure Oh same thing big gold pay the price of gold gold gold goes up and down that coin where that token goes up and down with it right so that is that it’s a smart coin bit Bitcoin value is determined by the market if you traded it any value for smart or it’s a dumb coin right does it have any sort of capabilities or values or anything like that what is different about the hero from a smart coin of like a bit USD to what we’ve got with the hero farmer well you know the big thing about the hero if you look at this chart you’ve seen the part done at the bottom it shows how the dollar has decayed because of people printing money but a reserve took over in and has been steadily eroding it ever since if we define the hero as starting the same day the Federal Reserve took over December a date that will live in infamy and instead you said ok we’re going to grow at % every year relative to the dollar what you see there in that upper curve is what the hero would have done if we had started it at that time and in fact that is its defined value today which is upwards of one hundred and fifty five dollars or something on the market right now because it’s defined to have grown along this path and so it doesn’t mean that its purchasing power doesn’t go up and down but it’s biased towards growth and that was the innovation that we put into the equation to make the hero attractive to the masses because if the choice is to hold dollars or to hold the hero and I think we can sell that as a better thing to do and that is the giant sucking sound that moves Fiat into the bitshares ecosystem I really agree with that too when when finally clear for people you will hear and I heard you say that before a million times it makes me laugh every time the giant sucking sound going anywhere ecosystem you know that that’s what I want to hear that’s what I’m really compared for and that’s you know so the value of the US dollar now is like what was like and some change it goes up a little bit every day because of the way that this formula works the value in and of itself is supposed to continue to rise up every day so people I see questioning here saying how the bikes and interest rate relate to a coin that will probably have a large trading range buying best now it seems the coin would write farm prices totally dominate % not sure what % is related to pike centrality to the value of the US dollar so % what one of the things that the % does is define what the force settlement value is yeah and and that’s the only thing that is fixed is the price that you can force the system to cough up that many bitshares at that price yes it can fluctuate around that with supply and demand and as supply and demand grows that should become more stable but not absolutely stable because if there’s more supply than there is demand the price will sag and it’ll also grow but you always have a point of reference of what’s backing it and that’s the key what is backing it is bit shares that are held in escrow on the system and the system promises that if you want to within hours you can cash it in from the system you don’t need to find a buyer you can cash it in from the system for that specified price and that specified price is what grows at % right that’s that’s really important parts of this actually so I’m glad you mentioned that is that they don’t have to find a buyer they can settle out whatever they want to holding that geared up for bitshares and that’s a valuable asset as they can go trade they can go spend they can go load into their bank account what with their debit card using the remedial service that we have or there’s other ways to do it so this is something that and actually be able to get the money relatively quickly too so that’s let’s see why not market the hero to exchanges as US dollar alternative that’s probably what’s going to happen here after we get more volume and some usage out of it and more and more people holding it we’re going to hopefully see other exchanges not just picture this changes maybe some other ones participating in that because they see the value of holding those heroes because even those exchanges can participate and getting that extra % but if they want to let’s kind of go on to a little bit more site I know you’re under some tyson straits here so we’re now we’ve talked about two different kind of camps for for the hero the savers who just buy the hero’s so they have something that is accruing it at a reasonable rate of appreciation five percent what are what are we looking at right here which is i think the other group of people that speculators i’m really really happy with this chart because i finally found a way to explain this it’s not complicated at all well you all know how to get a home equity loan you go to the bank you give them the deed to your house and they lend you money and if you don’t pay it back they take your house easy peasy right we just found a way to take that loan if you will and loan it in the form of a coin called the hero and we instead of giving the lead to your house to the bank you give them control of your bitshares so you still own them just like you still own your house but they’re locked up as backing for the loan you took out and the loan is in the form of this new coin with all these wonderful properties we’re talking about and you can go spend it and when you spend it it circulates just like another coin backed by your equity which is locked up so that if somebody needs to ever cash it out they can and the rest of the system is just the blockchain managing that banking function of locking up escrow and putting a coin back by that escrow in the circulation now in the event that bitshares double in value when the time comes to pay off your loan you’re only going to need to have as many of them to pay it off and so you go out on the market you buy a hero for half price because the coins of herbage shares have gone up by double let’s say and that you got it for half price you can go pay off your loan and guess what you just made it appreciation that’s the same thing people do when they take out a mortgage on their house and then they come back ten years later and find the housing prices have doubled and they pay off their house with cheaper money and that’s all profit and that is the motivation for people to borrow because they think the cherries is going to go up of course if you take and sell your coin in order to buy you know cases a beer or more batarus whatever you want to spend it on and if the chairs goes down now it’s going to cost you twice as much to buy that hero back so you can pay off your loan that’s just like the housing market collapsing and leaving you stuck with a difficult time paying off your loan so all we did is make that an automated process and what the hero becomes is something back buy assets stock in the bank if you will in this case the by tears Network and now you know if you were backing it was gold in a bulk how do we really know that there’s gold in Fort Knox or that a bank hasn’t sold that gold gold to five different people or a fractional reserve eight or whatever in the bitshares system you can see that every one of those heroes is backed up by at least twice the value of it so that when the time comes to cash it out you get a full hero’s worth of those pictures that you can sell and the person who took out the loan gets the rest which hopefully will make a profit but if not they take the risk the holder of the hero doesn’t take the risk and so it allows two kinds of people someone who wants to bet on bitshares going up they take one side of the bed and the other person says I don’t want to risk it going down so they hold the heroes and they just swap what the benefits are the two points buy a smart contract that is enforced without any counterparties yeah yeah pretty much um welcome question to this infamy it’s a preteen five percent well the five percent comes out of the settlement cost if we just sit statically and let’s say the cheers doesn’t fluctuate and I took out a loan when I have to go pay that off the value of the hero has gone up a five percent over a course of a year that means that the escrow I set aside is going to not going to have to use an extra five percent of it to pay it off and I would have when I first did it I’m counting when I do that that I can grow faster than five percent the bitshares will go faster than five percent and in particular we’re saying a factor of , like Bitcoin theorem have done and so if we can show our plan to make it grow that fast a lot of people will want to issue the heroes and that will make a big supply available to people who are retirees who just want to secure savings and when those retirees spend them they just transfer to someone else with loan stays in existence when someone wants to force cash it out they can do that but by then the back people who took that that I’m making is it will have grown more than two and a half percent remember to double the amount packing it so you don’t have to go two and a half percent to get enough to pay the five percent right so it’s a pretty good bet that it’ll grow two and a half percent not guaranteed and we see examples if you look on a very narrow time window where you could go backwards so you want to make sure that you have extra collateral put aside and we’ll talk about that a little bit right that’s that’s important stuff so again if speculators are betting on the value of pictures rising enough to cover that % and then some that’s really what what’s going on there okay so that answers a big question because a lot people have that too let’s see here so he says is this % times the current value of the US dollar five percent regardless of the current value of the US dollar is five percent at the u.s. dollar at since then plus five percent Acy so if the value of dollar plunges the value of the US dollar plunges right now half of what it’s worth in the euro is going to be worth half of what the US dollar is worth from up until this point so if let’s say it’s worth six right now be worth half of that pretty much right it’s not because it’s defined in how many dollars you get and if dollars worth half as much then your values half as much the hero is not guaranteeing that if the dollar collapses it won’t follow it down though this collapse five percent less but in general during normal times the hero is useful for canceling out inflation and in the event that the dollar collapses guess what people who issued the hero make out because they they’re the ones that get the benefit of a collapsing dollar so I was going to actually mention I did see a lot of folks but basically borrow a bunch of heroes into existence when the price of pictures was a lot higher and then I saw them selling them at a premium when bitch your started going down I saw the heroes go up in value they went up from whenever I think they were like I’m $ or something like that when pitchers would continuing to go up and I saw people buy them for dollars ever a hero so people were making $ per hero just on those sales when the market turns so even the speculators who borrow those is the indie existence took that risk they flip that risk back over and made money on the downstream yeah of course they’re taking the risk if it keeps on going down sooner or later they’ll get margin called and you know have to pay the piper but if they’ve got adequate backing behind it they can weather the storm and if their long term bullish they can make money on both sides of that because anytime the market is dropping the hero is rising because people want it as a place to weather the storm and right now because we’re just starting it weren’t enough to go around so people were fighting over them and that means of premium price habits here’s an example of levels of risk because sometimes people I don’t really understand what why they’re buying things and so we’ve seen some fluctuations just because we didn’t do a good enough job of explaining it to people so let me try to remedy that here there’s several different levels in this contest we have by the way no purchase is necessary you can play the game that we’re going to be talking about and earn free Rose which is just a dumb coin that we’ve created that allows you to earn points for doing certain things in the contest and those help those count towards winning the contest but not as much as some of these other things the things that are higher risk gets you more points and require greater expertise if you’re playing in the contest so buying a hero is a pretty lowest thing to do because it’s backed by twice its value in pitchers at least and backed by the the entire platform with no counterparty risk so you can buy that if you’re a retired person and it’ll be you know it’s not completely risk reading the whole world could collapse and and the dollar could collapse and things can happen but in general in the whole digital currency space the hero is remarkably safe by comparison to say buying Bitcoin which could fall in half any given day it’s been more stable cently but it could the next step up is if you’re recognizing the fact that we’re putting a contest in place specifically intended to cause people to learn about the hero and pitchers and anytime someone buys a hero it’s putting demand for someone to buy bitshares to make another one to replace it so everything we’re doing is driving is intended to drive the bitshares up by factors of in the coming year or two and so buying bitters and just holding it don’t anything fancy if you’re not an expert you’ll have to clear up to the next stage but just holding pictures it’s got flexibility we’ve seen it go way up past and we’ve seen it come back down with a half % correction yeah that can happen but over time we think that’s a good bet if you can stand the volatility in the meantime and then at the ultimate high level if you’re an expert you can borrow heroes into existence and use them to buy more pictures and that gives you leverage double the risk but you know a chance to really make out good but you got to pay attention to it and we got to discourage people from doing that if they don’t know what they’re doing just stick with one of the lower levels all of those things will contribute to scoring points and notice that you’re not giving your money to anybody else you’re just building your savings account up with a basket of these different kinds of assets and holding it as your savings account you always control it the only thing the contest does is give you credit for doing responsible things learning how to use our system and that controls who wins the ultimate prize which charity or other good cause wins but you’re not actually extending any resources to us or to that cause you’re just saving it and getting credit you get to determine which cause gets credit for you being responsible mm-hmm I think those are those are great points to an a that’s a great way to explain the natural progression of understanding for some of the folks that are out there that are in the crypto world or understand a lot of that is just getting a free ro you know buying a hero buying some good shares and a piece of actual network and shares in a network and it actually leveraging those and getting some heroes borrowing the existence showing into somebody else or keeping them or using Leafly mortgage shares or whatever they’re going to do with them um this is the this is a slide that you really like which explains kind of what you just talked about with either a person a company and I vo anyway regular a team of celebrities that are competing for a billion dollar prize perhaps something like that can use this method of what you just explained so you want to just do a quick run out of this slide right here an explanation of it you kind of did just a moment ago but this is a good visual of it yeah and I’m going to do it very quickly because I got five more minutes but this is just saying that you know we’ve talked about doing one little operation but if you set it up so that you have a stream either savings from your paycheck a certain amount every week or if a company has a profit stream or whatever if you do that on a regular basis then basically that stream gets used to purchase pictures which could lock up in escrow and you borrow against that stream to just fund whatever you’re doing you know to pay your mortgage or to pay your employees or whatever so we’re working with a lot of startups on this model where the investment dollars come in and get locked up in bitshares ESCO and they borrow against that to fund their company meanwhile the it’s causing buying pressure on pitchers which makes the chairs go up in value so that they never actually spend the company’s equity that equity is growing and every other company in our incubator doing that same thing is all causing benefit every other company and part of the contest is to get everybody in the world doing that so to go to the next chart and look at the you know yeah look at a imagine every company and every person out there is got some revenue stream going in there into their savings plan and they’re spending heroes into circulation those heroes are backed by a growing value of bitshares and that is the you know virtuous cycle that causes bitshares to be biased towards always going and more we’ll do this the more heroes are taken out of circulation the more valuable they become and the less risky it becomes to do that borrowing heroes and shorting them into into circulation so we’re out there with this contest encouraging and trying to get everybody in the world we won’t get them all some people just won’t want to do something that complicated but a whole lot of companies we’re working with will do that and that’s how we buy us pictures towards growth and that’s how we get to the likely event that we can do the growth to a billion dollars from a million dollars in less time than it took Bitcoin in this area I got so look at the very top left corner the hero backed by bitshares bitshares are backed by business we’re trying to work to get a lot of businesses buying pictures in this model so that they get lots of growth themselves and that’s what backs that share is to make sure it grows so that the hero can be generated safely by lots of people all right so could anybody from like you to somebody just taking some savings you know other normal paychecks be you know companies that have existing revenues or existing businesses can be people who are doing ICS or crowdfunder anything like that you take funds that are putting in their five bitshares not spend their VIP shares they still own them generate heroes to them pay for their stuff buy more bitshares increase your investment leverage or whatever is there looking to do but be able to still hold those assets and as they’re increasing in value take more of a loan or take more of Heroes out or decrease the amount of collateral they have in their of their investment right and so they be able to decrease that down okay so these are all these are all really great points that that you’re covering right here so we’re throwing a contest and we’ve got four minutes so we’ve got a billion hero challenges is what the contest is and let’s explain how this works so there’s a billion dollars in and we’re breaking it down to twelve different teams are going to get a payout when we hit a billion dollars credit that’s correct and that’s that’s measured by a weighted sum of all the members of each team you can join a team by simply pointing your up proxy link to the account of your team leader and that team leader gets credit for doesn’t get your money just gets credit for how much of the different things you’ve done how many heroes do you have how many have you shorted how many bitshares you own and how many of the free rows have you accumulated by participating in different ways to earn free rows that probably will create a little market for the pre row of people who earn them and so the people who want them for the contest reasons who knows what will happen there but that’s just another little side issue like that when the final value of that prize money which will get put in place probably tonight at midnight grows from a million dollars to a billion dollars then whoever is in st through th place in that scoring mechanism will be issued those that amount of bitshares for the cause that they have been championing so their job is to get as many of their followers as possible to participate so that not only do the followers gain their own knowledge and and savings but their team gets a chance at chunks of change that they can spend on something that those team members care about ok so that and that’s a billion dollars we’re giving away here and definitely be seeded by how much is that going to be seeded or what where’s that money coming from well what we did was we picked a point during the past month where we crossed for the first time a x growth from our minimums we started out a couple months ago with the chairs worth a third of a cent okay and when it reached a third of a dollar back on June th we lock that in and said guess what we’re not going to that first x growth we’re going to start the contest there we’re going to put three million bitshares at cents into a kitty it was worth a million dollars at that time it’s come down a little bit since then but that’s okay we have to climb clear up to a thousand times that cents so that’s three hundred and thirty three dollars is what bitshares will be worth when the contest is over and if we can do it faster than bitshares that’s probably faster than aetherium in Bitcoin that’s probably sometime this decade that the prize will be ordered I agree you put it in perspective hitting three hundred dollars for crypto it’s not that difficult that’s going to happen several times now so in the doable entirely doable especially when you’ve got an initiative behind you so speaking of initiatives we’ve got a bunch of different folks that you have been tirelessly if you’re working it and networking and moving and shaking and I’ve done a little bit of work on this too but you’ve definitely been all over the place working on this and this is fantastic stuff so we’ve been putting together what we’d like to call our hero makers but anybody can be a hero maker anybody can be a hero anybody can participate in this you do not have to be rich famous good-looking although all of those things you help so these folks are what are they doing out here and how are they helping us achieve this billion dollar prize well each one of these persons has a group of fans or followers or a network of friends that they think that they can a list toward some cause they believe in and that their friends believe in I’ll publish an article tomorrow that talks about who these people are but some of them are very famous super respected people some are controversial some are unknown I selected those just to give you a sampling of the variability but since anybody can lead a team even five has put out a post on statement to lead a team and so over time I’m we’re not trying to bias gook and then we’re just getting a few leaders to sign up to get it started they could win or somebody could come out of nowhere and win it and we don’t want to constrain who can win it whether they’re the saint or a sinner is not the issue it’s can they get enough supporters to vote for them to be one of the winners and will will let it go at that Brian Williams is a guy that’s got a big plan like that to bring a lot of his friends together to do concerts and all their fans will be recruited into his plan that’s just an example of one guy’s job yeah I do not drive one of the teams right we’ve got a lot of teams but the city so he what he’s doing is he’s putting together a lot of other influencers that he can use and leverage and work with to win this challenge faster and so I think we’re going to see other people and influencers like that aligning to be able to do the same thing and this is a really good example because you see a lot of people who are you probably recognize pictures on here yes all right cool and so this right here is going to be an example I see this is an example of the hero to the pictures market right now correct where did I lose Stan here oh I didn’t stand all right so so questions Glen shoot me any questions that you have right now we dressed quite a few of them but if there’s any of them on here that I can jump on let me know and may have been lost yeah he did have to go so if you just mention that previously uh so this is an example right here of the hero market as you can see right here the big-haired X is a little interesting you know folks are using and starting to get used to it but like anything else to work in progress markets are always going to fluctuate and as I mentioned be able day now I’m sorry just go just a little bit ago yeah and the other day when I changed some folks when you see the pictures market go down and you saw the hero jump and value and it did stabilized after a little while but people were jumping over and moving into it as a way to shelter the storm and way to shelter the downturn in good shares somebody asked a question uh am I worried about the bitshares price up and down or whatever it’s done recently no I’m not really too concerned with the the value or the price movement of pictures before the launch of the Hero competition just because it’s July th does not mean that everything’s going to happen all on that day and that’s just the beginning in the launch the start of the competition we anticipate this competition could be anywhere from months to maybe even a couple of years long we don’t really know what we do know is that we’re going to continue to fly around to teach to educate to get more hero makers and other influencers involved I’m speaking at several engagements this month and next month on blockchain and crypto currencies so I’ve got a lot of media interviews scheduled and I’m working out more of them right now so we’re going to be getting the word out on this but we need all of your health just as much to either make markets if you want to speculate to educate other people about this to show folks how easy it is to just be able to save some of their assets in something like a hero or bit yesterday anything but this is about the hero challenge in general and being able to give away this money we are putting that money into escrow with the intention of giving it all away when we hit the billion dollars you know we don’t want the billion dollars we want to give to other people the whole reason why we’re doing this hero challenge is to get people to understand the technology somewhat but some of them aren’t going to understand that more so it’s going people to have confidence in digital currencies crypto currencies and what value they can offer them once they get that and have that aha moment like a lot of other folks that had on here like all of us did not start out knowing as much as we know about cryptocurrency and blockchain but we all had that one moment where we started dabbling and then the light turned on and that’s what we need to get a lot of these are the folks understand to it that they can put their value in something other than us bankers Bank of America and get interest off of it and have it be safe and also be able to move around if they understand those concepts which they do and understand the ease of use by it it was going to succeed Stan and I have lots of plans as we go along there to hero initiative moved forward with the company here anomic we plan on creating a much easier to use wallet we plan on other initiatives we have marketing funnels that we’re creating with our PR marketing firm out in New York right now and you’re going to be seeing a lot of that as we go along let’s see here any plans to create a customized hero bit Cheers you interface yes absolutely we did we are creating bus right now to increase liquidity standard mention that Fabien Zurich you guys know him as on the forum he’s working on those software bots for liquidity as soon as they’re ready to rock we will have them out and going the only way to get a hero coin by borrowing against or can we use bitusd you can only get it by using bitshares right now you can get a hero coin by either borrowing it using the chairs or by buying it using anything you can buy it with the USD if you want to and then you can settle it and get bitchy chairs for it so does that answer your question I hope it does so I mean if you want to tune that sequence you have it USD you could just buy a hero and then settle it out so see how it does the price shift for hero if bit BTS go up does a hero goes down it’s possible and if you saw the pictures go up the value of the hero kind of did go down in that people we’re creating a lot of heroes and selling them and as with anything else in the market as they start selling them they’re going to start undercutting each other more and more and more in order to get that hero’s sold eventually pushes the price down that price pressure but if you just hold out if you want to wait for a little bit it’s almost always stabilized and remember the hero has just started this whole thing it’s a smart coin it’s going to hold its capabilities only we can’t be responsible for what people do in the market just if you know people make crazy decisions see how does the price shift for the hero okay we can stretch that is there currently enough liquidity you buy heroes and current market I believe there is but again I would like to get these BOTS out there before we get a lot of speculators really getting out there and borrowing heroes into existence I’m just going to say this and again I don’t get I’m not giving investment advice or anything like that if you’ve got to be borrowing heroes in the existence for anything right now you’re going to be one of those Trailblazers just make sure you watch your collateral level ever you know I say every eight to twelve hours if you can just take a quick look and adjust accordingly to make sure that you’re comfortable if you’ve got a large pool of bitshares and you’re in this for long term in its win it game for bitter spin it shouldn’t be a big deal to add collateral I myself am doing that I’m in it to win it I don’t sell my good shares I never have I’ve got a lot of them and I really care about the ecosystem in and of itself I want to grow it you know and so whatever it takes for me to have to do that I’m going to be doing that and most people that are shorting these and doing it believe the same thing based on conversations that we’ve had with them but if you care about this contest you will just learn about the heroes about about borrowing and buying them about how it works Anna Kate other people you know refer people to the bitshares system and get the referral fee that you get for using good shares you know you get referral fees for that stuff it’s great and then I help them with the challenge or be a leader just like some of the folks on our forum I’ve already started getting referrals and building out their teams you know this is all work in progress you don’t have to be have a team and be ready to rock tomorrow you guys can still work on this for the next several weeks or months and make this happen let’s see here we plan to create a simplified wallet to buy the hero yes we do have plans to create a simplified wallet spy to hero the wall is the average wallet a little complicated I absolutely do agree I’ve been saying that for a very very long time and so we do plan on doing that I I would love to see you know bitshares initiative of a worker proposal to create a more simplified wallet for richer community in general but we do plan on doing that for the hero either way unless somebody steps up in the victory community and does it and we could assist in some sort of way or help pay for it that’s an option – we’re opening it pretty much anything right now to grow this because our overall goal as with anything is to grow pictures technology network understanding of it and the uses and use cases of it from both the best about use cases of victory technology we can point to niche areas we’ve put to steam peer plays all of those are great use cases most of them are working you know companies with market cap values of at least two three hundred million dollars and up over half a billion dollars maybe even pictures over billion about two weeks ago it’s a little bit under right now but that’s pretty impressive stuff for companies that just started within the last couple of years being worth that much one where’s the forum so I can follow the forum is bitshares talk org bitshares Tosca organ just google it you’ll find it there any other questions folks and then I will cut this off string now spin and I will plan on doing some more of these we may even get into the wallet and actually do some borrowing and trading of heroes so you guys can see it live in action as we go along but again we are going to have a replay of this in a couple of hours I’ll be answering questions in a chat you guys have me feel free to ask them in there I’ll be answering them I would really like all you folks to just send as many people as you can to this reporting if you if you’d like to – the link to register for it and we will be doing a replay again probably in about a week or so after in the United States I know not every merica here absolutely fact more non Americans probably than not but there’s a lot of people out there me mailing this out to a mailing list of about , people as well as dropping it into some cryptocurrency groups on LinkedIn and Facebook them and members up that will be getting subtraction on here so I would really like to get feedback on this presentation folks is anything that you think we can add some folks that they’d like to see us update the smart coin slides will update that we’ve actually updated it three times and you have to continue to update it but we’d like to really jump on and do whatever we can to help you guys out that in either educating others answering your questions make sure you join our telegram channel we have the bitshares dex channel which we’re Stan and I are on there all the time anyways but we also have a specific channel for the hero I’ll actually drop down to chat right now here we just go ahead and pause my screens and I will beat you guys a link to the hero channel this link right here drop that out to the entire audience as well as a link to the website where you can learn more about this hero and about the initiative we will be revamping the website to reflect some of the changes and just you know some overall a housekeeping looks a branding style based on what our PR agency is saying if anybody wants to put in for doing web breezes either web redesign or user interface for the wallet for a hero or for pictures in general private message me a on well we’ll say on telegram here and make it my info I’ll see you guys on here right now let’s see here this is my username on telegram feel free to private message me on there if you feel like you can contribute to the hero initiative if you think that you can be a hero maker or form a team I’d love to talk to you Stan and I will help you out in any way you can if you folks think you could help with the user interface or with web design or anything like that be willing to talk about that because we’re very serious about making this happen anyways I really appreciate you all for being on here thank you very very very much for being on and asking all the smart questions we do have quite a few folks on here for me advertising it nowhere near as much as usual I really wanted to make sure that we did this presentation to dis answers based questions give me standards only second time we’ve actually even done this presentation so there you go and we really want to again educate and show folks how to use this all of your feedback is taking into consideration everything you’ve been writing in here everything you guys stay on the telegram forum if you have anything specific for Stan a nice private message us on there let us know I really do like the feedback we do consider all of it and it is in our best interest at the end of the day whether you agree or don’t agree with how we do things or our initiatives or anything like that all we do really care about is big shared system the technology the community and growing it into what it deserves to be that’s it and however we have to to get there is you know Stan and I are are getting there one way or another so the train is leaving the station as tomorrow this an issue is starting and I hope y’all join and help grow it to be what it needs to be thanks a lot folks appreciate it spring some of the comments all right I will leave the comments section open here for about another five more minutes you guys want to give us any other feedback let us know what you thought about the presentation and send anybody and everybody to this to register for this I will have a replay on this presentation that they’ll be able to access anytime anywhere after this evening so anybody that wants to see the replay and get notifications about it and be able to have access to it just have them register for this web seminar all right thanks folks have a good time and appreciate it take care bye

https://videoblogsite.com/the-hero-what-is-the-billion-dollar-hero-challenge-bitshares/

[the-pearl-is-yours]

The HERO – What is The Billion Dollar Hero Challenge? – Bitshares

This video, https://www.youtube.com/watch?v=VxCn4j2JOtY, can also be seen at https://www.youtube.com/channel/UCASo8I7HjXn6ypM2vkF7xqg.

Hi everybody I’m Michael and I’ve got Stan Larimer here from Krypton ohmic and bitshares and we’re here to talk about its exciting new initiative that we’ve got going on called the hero challenge or I guess more so it’s more like the billion dollar prize challenge and I think we’re going to explain what this is and everything here in just a minute but you want to say hi to everybody real quick Stan hello everybody great to be here everybody now we’re going to talk about the hero or well I guess what is the hero first of all Stan where’s the hero to you well what we’ve done is we’ve produced a new coin using the chairs capabilities that should be of great interest to ordinary people right now a lot of people get excited about digital currencies are pretty much either you know people who like technology or people who have a special use case but the RV’s consumer now they haven’t seen a reason to do it just yet but we wanted to produce a currency that was more likely to be interesting of interest to the average person and the average person out there would like to have something that works a lot better than the banking system like to have something that make is stable and doesn’t put it a lot of risk on them in terms of volatility because most people don’t like to play the markets and help me to give them a nice stable % ready to return because that’s something people just can’t get these days when I was a kid I could put my money from mowing lawns into a passbook savings account learned % and like to return to that day and so we created a coin that does exactly that and that’s the one we’re going to mark market to the mainstream and what you’re hearing today is our plans to take it to the mainstream which quite frankly is about a hundred times maybe the market than the current market that we’ve been playing it right and so you know even though the coin it says honest money for heroic enterprises and I think that’s a really great tagline for what the hero is and just in just a quick little description and a little nutshell you know and so people will say what are you II need my honest money well that’s a really good question I guess we could talk about what dishonest money is like money that tends to lose value over time because governments print too much of it oh that’s pretty dishonest and the fact that money gets interfere dwith all along the way when you try to send it to somebody you don’t have the freedom that you would have just reaching in your pocket and pulling out a coin and handing it physically to somebody we’ve lost that when we try to interact with people around the planet so this particular honest money is money that can’t be taken from you it’s on a blockchain where no one else can get it it’s one that’s not backed by a potential fiction either public debt or in some cases theoretically gold that may or may not be present somewhere yes purple money is money that you actually can verify as backing because the backing is equity of the blockchain company that’s running it I think that’s a really important part to this entire thing and I think to selling this on consumers and people who are not crypto savvy in general is that this is something that has backing once I think most people understand the way that our current monetary and banking systems work and they don’t have to have a high level understanding just enough to understand it it’s based on fiction as you just said and there is not a lot backing what they have in their pockets were spending their confidence level would plummet in that system the more and more they do and I see it whenever somebody actually begins to understand that this is a little different in that there is a value behind it and people can assess that value and I think that is really important because I have the confidence in it and folks that are watching this right now please feel free to give us your tape – because I want to know what’s important to you when you see the hero when you think about bitshares when you think about this system that you’ve got at your fingertips that you can use to now take control of your finances take control of your personal assets as a global banking alternative of sorts what is important to you about what what do you want to use it for those are the things that we need to know and understand so when Stan and I go out there market this and we push this hero challenge we talk to people about it and how to use it we’re able to talk to them about what’s important so that’s that’s really great stuff so I’m going to actually go to the next slide because I think that’s important – it is a million two billion dollar club who’s in that club now right – that’s a kind of important thing we’ve got Bitcoin you know hit the billion dollar market cap Club is up and what we’re referring to here and then etherium did and in bitshares it’s a billion dollar market cap Club which is unrelated but that’s not what I mean by this that’s right that it’s called the million two billion Club okay basically swimming if you had a wallet that had a million dollars worth of Bitcoin in it a few years ago that wallet would be worth a billion dollars now can he get hurt Bitcoin was the first to take millionaires and make them billionaires yeah of course if you had a thousand dollars you had a million dollars too so it’s a scale to anything it took Bitcoin three years to achieve that which you know is pretty amazing you know what a rate of return from a million to a billion but still there hams on track they’re not quite having done a million to a billion but they’re pretty close and could make it inside of two years if they get it done by the end of the summer so they’re they’re not technically in the million billion club yet but they’re pretty darn close and so we looked at bitshares and said we’ll wait a minute there’s a couple things here yeah if Bitcoin and aetherium did it with the things they’ve got going for them and as we’ll show in this conversation we got a whole lot more going for pictures than they do then one would ask why wouldn’t we expect the chairs to do that same thing if bitshares does do that same thing and we can sort of say yeah I think that’s really likely then why don’t we build an entire marketing campaign around the fact that hey that could probably happen and has happened without such a marketing campaign with Bitcoin and probably aetherium why not build a marketing campaign that assumes that will happen and put a billion dollar prize out at the end of it so that it becomes a self-fulfilling prophecy and that is the idea that you know inspired everything that we’re talking about here because we can prove that coins do this we can show people that we’re better positioned than either of those two were before they did it and we’re putting a marketing campaign behind it that is unequaled in the industry yeah I agree um it is interesting watching the Bitcoin jumping in-you theorems up and now you know here we are at the presses the technology as you just said it’s completely different you know we’ve been I believe more advanced in the other two that we’ve been talking about quite a long time but we’ve been under the radar you know there’s a lot of folks that have heard about it and have built some companies on it and we’ll talk about then here on the next slide so on this line right here in and I’ll let you kind of explain a little bit to it but that little bump that you see right there is now this is actually Bitcoin market cap and their timeline of value right that we’re looking at right here yeah this is Bitcoin and we’re pointing to events in the life of pictures that seem to fit what bitcoin is doing and that little tiny blip that we looked at if you blow that up looks like what happened Bitcoin back in April of Levin went from nine million up to million and then settled back down to about heck hey does that look familiar in terms of what happens every time there’s a big run-up and then things coming back down to maybe half scale I’ve heard a lot of chatter on our community it was really excited during the run-up that we just experienced around June th where we had a boom like the one that you see over there in the second side the first boom just went up to in some million at the time we looked at it in May and now we’re Michael’s touch highlighting you see that we’ve already had our go above a billion in back down to half a billion so people who are concerned about what’s happening hey just look historically what happens when we get these different booms then there’s always a recalibration and back up to the next site so you know if you’re a day trader well okay plan on that but if you’re a person who doesn’t want to take that risk just look at where we are and that’s what we’re saying well heck this coin did that without a global marketing campaign we’re going to do that and one other thing we have is quite a few very large investors who are behind us this time just ready to jump in so there are a lot of different things contributing to our ability to pretty much count on being able to do what the other two have done and those are kinds of things we’ll talk about here today right and that Ben is very interesting stuff i remember i got into bitcoin right around this area right around here but I remember this jump definitely because I was heavily involved in Bitcoin at that time everything Simpson has just been really amazing two point we’re now bitcoins you know what’s waiting anywhere between to almost $, coin absolutely insane you know a theory on copying over $ several times $ and bits here pushing over a billion dollar market cap multiple times the last month I’m just kind of testing the water and I do believe that we’re about to see from this blip like you said in June of that we just experienced right here which is where we’re at to see this big jump and that’s going to be really exciting stuff is I think this is where we’re at right right in this section right here so really exciting thing about that I’ll just mention is all that all that happened just on its own merits not due to our campaign our campaign doesn’t start till tomorrow so everything I’m talking about here would have presumably happened anyway there’s a few of you who may have bought based upon us leaking to you what’s happening but in general the rest of the world hasn’t seen this has no clue what’s coming and that much happened already on its own so cake benadryl kheh absolutely so on this screen and I really like this one because it puts into context the technological capabilities of what we’re talking about we got over here I’m going to highlight this and if you want to just go through it we’ve got Bitcoin right here and they’re they’re worth the most right now in terms of market cap and awesome value corn quote and you got a steering right here and what’s the correlation is I think this section right here right which is the speed of transactions yeah if there am is transactions per second Bitcoin is about three to four maybe maxing out at seven and so I put them over there sort of on a scale of you know Bitcoin is how fast can you walk if they’re in yeah maybe how fast can a horse run and then clear over off the chart the various technologies that that on our block chains bitch air is steam and you know EOS is shown I probably should have shown it clear off the right-hand my speed of a board cube or something I don’t know but it would you know it obviously allow us to scale to where the right-hand axis becomes meaningless because there is no limit but the real question I want to ask everybody is you’re so used to thinking of number one being based on the metric of market cap okay but certainly competitions of all types just look at the Olympics there’s all kinds of games where different things become what the competitions in my competition comes to the ability to scale they and all the world’s transactions the technologies we see along the bottom x-axis there are the ones that as far as I’m concerned determines who’s not who’s number one not not the instantaneous market cap that might tell you the market cap rate is a an indication of past history it doesn’t really tell you anything about the future or not much what tell you about the future is the x-axis in terms of what is the performance of different systems so I would argue that the technology is that we’re promoting are number one and Bitcoin is you know clear back at the beginning and as I’ve always said I salute Henry Ford for developing the Model T but don’t drive Model T’s anymore if I’ve got a starship I can take absolutely and that’s that’s a really good point that puts it into a very good context I think for a lot of people when I heard you say that the first time I kind of chuckled a little bit but it’s so true enm thank you Henry Ford II now and take you right brothers you know and Leonardo DaVinci to but I’m not flying what I think it draws Atlantic or even taking it up anywhere around here either for various reasons and it makes lesson and I would like to say you know when people start understanding technological capabilities of what we have to offer when people start understanding not just the tech but just the ability to save their assets and to have more control over them and to have personal freedom of it I would like to see the value six years and steam videos continue to rise and I guess have that value be recognized in terms of market cap and marketability then that would be really great stuff so on this next slide well just a minute guess what lacquer we got feels a little robot sir I’d like to just mention yes sovereign software companies you know we have a collection of people on this call that may range from people who have been with us for the past four years and basically we started four years ago tomorrow on July fourth the development years so long history with some people but some people just joining us and certainly all the people who want to reach with the hero had no idea what the benefit of a sovereign software company might be decentralized a communist company is what we called it four years ago but I’d like to emphasize the sovereign the idea that these companies sit out there and cannot be interfered with by anybody and he government any power any big bank that’s what bitcoin was originally designed for and all of these block cane based systems are basically there because they’re built out of a whole bunch of computers scattered around the world to check each other and no humans can corrupt because their robots are all checking each other and the robots are programmed to be robotic ly honest and therefore we’re relying on that but here’s the other big factor if we were to try to go out and sell that to the average consumer today that doesn’t realize how much at risk their money is in the current system even though every decade we’ve seen some major currency collapse going back as far as you can remember but people just don’t have memories that are that long new people are coming along all the time and T the Great Depression and the all the inflation’s that happen somewhere else really don’t enter into people’s consciousness so if we were to try to market bitshares as we have for the past few years as being really high performance and really incorruptible guess what that falls on deaf ears a lot of people that’s why we invented the hero we need to meet people and solve problems that they care about once they’re there we’ll teach him about the other benefits and I’ll never want to go back but that’s a fundamental difference in our marketing strategy coming forward in the coming year and what you typically see people out doing various interviews and so on talking about their great new blocking most people don’t know what a blockchain is and don’t care to find out but if they can go get % on a passbook savings account and maybe that’s worth learning about and so that’s the big difference in our approach yeah okay and in that that puts in a lot of perspective – how many people here understood kind of the approach behind that that we we want to be able to we’ll take the power away from everybody – correct or control it and this is a way to do so how many people here are getting that I see I see people enhancer down there so awesome now we had a couple of questions they’ll answer a few of them – so he says hero works the same way as bitusd apart from different interest rates we’ll cover that here in a few minutes somebody’s saying I think for block change in general it’s super important to have developers be cool for developer like me that just starts out in a black teen area to have video tutorials to get started with bitshares yet I think that those kind of things are are coming in the future now that now that more people are showing some interest in it you know we do have some core developers who’ve been around for a long time some of them may be on this call there’s other folks that have been on here working with us and as Stan just mentioned and chewing on the slide different spin-offs like steams kind of spinoff from what was started by EEOC is kind of a new interation it’s kind of Richard on steroid and then some and with Daniels new project with that which congratulations on I mean over million dollars donations within the first few days and stuff like that great I think it’s on track to be one of the biggest I SEOs if not the biggest ICO in crypto history which is going to be kind of fantastic thing so many much in pure plays which is another spin-off by Jonathan and the rest of his crew and there’s a lot of other developers again at Stansted who’ve been in the bitshares ecosystem working really hard to develop separate companies that help build on what we have to offer to bring in more people open ledger Ronnie over there and other people we’ve got you know the remedial projects and other folks that are trying to bring in and trying to build out the ecosystem so folks can on-ramp off ramp and do different things within here on this next slide and it let me Google or get rid of that drawing is again in perspective of the technology in and of itself but this is really this is a really important slide because of what we discussed go ahead and go over what you want to that I wanted to take a minute on what I think is really important on this particular slide okay well there’s two things that are being talked about one is just the total time it takes or the total transactions per second it can happen I think most people have noticed Bitcoin with seven transactions per second and aetherium with those are good for you know experimenting but it doesn’t scale so you put a big task on to it like for example a big major crowdfunding activity suddenly they clog up and have to start rationing their bandwidth because they can’t get everything done and that’s what’s driven up the price of doing transactions on those networks but generally that’s what you get throughout the industry and if you look way down in the bottom right corner the three little bars are shown in that circle compared to the total capacity that bitch shares brings to the table yeah it’s not even in the same league all those little bars you know that are about the same size as the dash bar over there are stacked up to represent recent stress test that we did that’s not a limit on how much we can handle that’s how many transactions we were able to generate and the system didn’t break a sweat theoretically in the laboratory we have shown that the technology has the capability to go up to , transaction per second if people out there just switch to you know state-of-the-art processors that are commercially available that’ll happen as the actual usage picks up note also by the way someone’s asked about peer players I put a little peer plays symbol on that chart over on the right and area just as a salute to them but yeah they do count to using the same technology as bitshares and steam it enhanced with new features I’ll let you talk about the other circle there Michael yeah you know I I really like this one uh first of all I stand pointed out you know we got seven you know transactions per second transactions per second those are all great but again you cannot replace a global financial system be a global banking alternative even even really do a decent amount of point-of-sale transactions per day at a busy company let’s say Starbucks for instance you know and be able to run on any of these networks Bitcoin Siri or desk you just can’t do it I just I don’t see a way to do it and I’m in e-commerce you know I’ve done this stuff for years I know people who run websites that have you know tens of thousands of transactions per day ease easily when you start adding up one company with , transactions and maybe have a hundred of those companies that have , transactions what’s that do these networks what’s going to happen is exactly what you seen happen in the last days you see large crowd funds icos but it doesn’t matter that it’s ICO you see a large amount of transactions now their fuel these IPOs that are coming people all want to jump in so they’re all pushing all these transactions to these networks but it doesn’t matter what it’s fueled by the ICO is feeling it but what it is in general is always transactions coming through the network just like any other financial network like Visa MasterCard or anybody else and they’re clogging the network and are causing the network to shut down go slow exchanges that are trying to exchange those types of currencies and critical assets unable to trade those assets customer support departments being clogged to the point where there are two three four weeks out in support tickets people sending assets to convert from one to another having those assets hanging ether so to speak but maybe maybe not intended but now it those things happening those things happen big problems I don’t know what’s going on here I got a something that’s not happy those are all issues that you have to address and those are things that I saw Daniel attempt to address years ago at Bitcoin conferences in Austin in Las Vegas and other ones where we brought this up in side table conversations on stage through keynote addresses and these were things that were not taking it seriously when they should have a thing now here’s why and this is the second part of the graph that you see here if you see the cement bitshares section right here this circle what’s really interesting about that is this is peak transactions per day what I think we almost hit either , transactions just on bitshares last week in just one day which was pretty amazing since almost a billion transactions in one day on the good shares Network alone that doesn’t even include steam it boring of the other projects your honor so what you see here is that schema and viscera speak transactions per day totally eclipsed experience and bitshares any of the other crypto assets are out there in fact if you take the top or or even thirty crypto assets and PI on all of their transactions per day together pictures and scene it’s still eclipse them and we can handle all them what that also means that all of these IPOs that are clogging up Syria and everything like that this is pretty crazy to think about but every transactions that’s done and all of the major cryptocurrencies combined plus the I SEOs that are happening on a theorem all the same time could happen on the bitshares network and it not have the congestion that is what this means that is the capability of this network Daniel force saw things like FEMA for instance and I think this is a really great example of an argument for using bitshares graphing blockchain technology for industrial and commercial usage FEMA is a social media platform you know you have facebook on an average day thousand lights per second that’s just like so there’s may include comments as include people posting things as an include tags that include any of that that is just like those are operations or transactions on any sort of network you cannot run a social media network on the other blockchain technologies that are out there you can run it on pictures graphing technology because it’s capable of scaling to one hundred two hundred thousand transactions per second maybe even warm that’s what that’s what what is very important about this slide if you want to be able to have industrial commercial usage if you want to have social media networks if you want to have actual point-of-sale transactions happening on network just imagine you know a thousand different companies using one point-of-sale transaction system you know what would that look like how many transactions are happening per second or per minute that’s a lot of transactions it’s not going to be able to happen on these other technologies maybe they can catch up maybe they can hard for maybe they can do that stuff but these being things these these capabilities the technology that we’ve had referral systems to transactions per second the scalability we’ve had this for three years and it’s been out there tested secure it’s never had a day of downtime this is what’s important and I think this is perfect she shines and if people were able to understand and see this and recognize it for what it is that’s where I think you’re going to see that big jump that’s where you’re going to see that jump that we were talking about on previous slide so okay Michael we’re getting a lot of really great questions here that should have been we should have made this chart a lot busier because it currently we’re leaving out a lot of things I like to quickly run down through here and just give some real bam-bam-bam answers to some of these questions before we continue if you don’t mind if I want to be important okay first question Hiro works the same as bitusd apart than the different interest rate yeah it’s definition is that it grows five percent against the dollar per year since and we’ll talk a little bit more about that coming up but it basically it’s a market pegged asset works just like bitusd and next question is you know what platforms are we going to be advertising on we’ll cover that coming up a little bit although a lot of that is determined by our advertising partner that takes over tomorrow that doesn’t mean I won’t write stuff but they’re going to watch what I write because they want to manage the brand I mean these guys are pros and they have access to every media out there you’ll probably see when the time is right mainstream adds like a Geico ad or something it could happen right now it says we could use a hero to help medical marijuana industry yeah there’s a lot of people in that industry that need a currency that won’t be interfered with you would not believe the number of people Michael talks to on a given week interested in in that so this would be a perfect thing for them to use and let’s see the idea is not to spend BTS so a good thing to go over is how do we get cash to spend anywhere it accepts MasterCard okay I’ll leave that one to you Michael when we get towards the end and then let’s see we’ll just I’ll come back and I don’t want to repeat every one of them until we get I wanted to pick up because some of these will cover in due course that difference between pictures here oh and it’s cerium well the hero is basically a asset type or some type of class on the bitshares Network Hysterium that is its own blockchain networking payment network as well as ether which is its kind of currency on the network bitshares is its own network and also a denomination or currency or share on the network as well kind of like Bitcoin is its own payment network as well as a currency on the network another question some merchants accept Bitcoin which is what makes it so valuable though merchants accept the hero ah very interesting many things to be said about that it turns out that accepting Bitcoin directly is going to become a thing of the past it’s been bitcoins advantage as you’ve indicated but more and more payment systems are abstracting that out and accepting dozens of different currencies so that it doesn’t become necessary for merchants to be aware of what digital currency is being used Michael’s got a company that will load a debit card from any of the main currencies including the hero and you can then just go spend it in debit card anywhere you want you can see that in video com so it doesn’t matter is the bottom line long term that that advantage Bitcoin has it goes away but keep in mind by the time the hero and bit sure is this number one will have that advantage if we ever needed I agree and also it’s maybe not necessarily to be spent to I don’t want to be giving advice on what to do with your money or anything like that me personally I see the hero as something that I would put my money into and keep into I wouldn’t necessarily spend it but I want to spend it I might move some out in to something that would be more expendable but the hero is supposed to appreciate at an average of five percent per year so if I were to be spending it I’m kind of spending my my nest egg that’s appreciating rather than letting it sit there and accrue so I see people as holding the hero more than necessarily spending it but I do also see people you know doing some transactions and I see people holding on to it as a savings more than anything like that but I see other people who talked about accepting it as payment I’ve accepted it already as payment but I didn’t cash it in I saved it so you know I would be willing to accept heroes’s payment for different things and how many people here if you guys know about hero’s would accept a hero think you know let me know because that’s important to us too we’re actually considering paying people in heroes for different asks so you know that’s something that’s important to us what’s the let’s see what are the hair max go ahead yeah that’s what I was going to talk about next what are the drawbacks of the DAC Eugene management issues this is actually an inverted question because if you look at the management issues Bitcoin has it cannot even decide what the blog new block type size ought to be Richard chairs has upgraded many many times during the past few years with new features the community has the authority to decide to do an upgrade and make it happen very quickly so it’s actually an advantage although technically bitcoin is a deck it’s decentralized it’s autonomous and it’s a company whether they realize it or not it’s just a very simple company and it’s unprofitable and it doesn’t have any kind of a management methods now one of the true interesting challenges is to improve management because when you decentralize management you pick up the the lack of immediacy that you know at a dynamic company with Steve Jobs at the head of it who can make an instantaneous decision I don’t get that type of flexibility and so you’re always limited that if you give any system that much power it’ll probably run away with you and become corruptible by some other outside power and using that against you so it’s a compromise but bitshares is actually one of the most successful government systems that you could get and still remain highly decentralized right that’s that is very important and that’s part of this part of the problem I guess and part of this solution that we have here is that we don’t have that central authority we don’t have that one person that can go and just make that decision and there are times that that is really really good you know when you’re worried about corrupt ability and stuff there’s also times when it comes to pivot that you’re not able to do quite as quickly and maybe that’s the next problem that we need to work on solving is how to get the folks that are voting in the delegates and everybody that are on this part of the system to be able to move a little bit faster and in those times be able to vote for initiatives and and workers and things like that and proposals that we put out on the network but that’s also part of the strength of this network is the governance of the network the way that we have governed it the way that it has been governed by the people we don’t always agree with each other and believe me there are definitely some decisions that are made I am NOT the most pleased with because it’s made what I feel is a adoption of bitshares a little bit more difficult that’s my opinion you know and that’s not the overall consensus of the rest of shareholders so I you know I accept to ride that out and hopefully they either see the light or something else changes or something else happens right it’s kind of it’s going to how it works well this next slide a good one because it’s kind of about the guy responsible for a lot of this now there’s a lot of folks that have worked on pictures that are responsible for what it is today absolutely but I think the person that dassault starts with is this guy right here Daniel armor which is Stan’s son and Daniel again if you guys have seen us speak previously but I’m going to just say again that Daniels really owned those guys who impressed me on such an intellectual level the first time I met him and then subsequent conversations at everyone since then I always have value any time I’ve been able to spend with him personally together with him physically or even on any conference calls and we spent a lot of times on conference calls in the past when um bitshares is being developed in the . everything features what I gathered from all those conversations is that he just has this vision there’s so much far beyond the scope of most people what they’re able to see or even care about we’re going to be able to implement work built and he’s able he’s been able to do that over the last few years particularly and I’ve been starting to see a pattern of him stair stepping everything that he’s been trying to do he’s building this out in increments he realizes that you can’t build a whole thing out in one piece he had to build it out in pieces and parts in order to get the whole thing into play and I see what he’s doing now and so Victor’s itself was a was a huge jumping technology if you look at blockchain technology and everything that we’ve discussed so far on this call you see that this bitshares blockchain is the most technologically advanced most scalable for commercial and industrial purposes and in most application technology it just is and this was a few years ago since then he was able to create the steamin platform which is again another technological success it then showcases the ability to have that many transactions per second that in a blockchain that’s not just used for currency or crypto or anything like that and in and of itself with this entire social media network that also has its own asset or currency that rides on it and that in and of itself is huge to to be able to that and make that leak from the bitshares system and the decks that we have to steam it and now te OS which again I believe is going to be on track to be the largest donation and contribution ICO in crypto history it’s going to it’s going to get there I believe it fully it’s only been what five six days out and it’s already in some of the top five or ten that have ever launched and it’s still got another three hundred fifty something days to go so we’ll see what happens I myself am really excited about the advent of that technology and what it’s going to do for bitshares what’s going to do for blockchain technology and the world at the hole Daniel you know and he said this ever since I met him is that you know he and his principles and what is his goals are secure life liberty and property for all freedom you know to make your own choices without third party stepping in or people getting involved and that that was really great and so like I said you know he really impressed me first time we met he talked about everything from flying velocity and technology to the insurance industry entertainment to medical records to you know everything I think we’ve even talked about like DNA sequencing and all sorts of craziness you both this is the stuff that blockchain is capable of and years ago when I met and that’s what turned a light on for me I thought to myself this is way past Bitcoin we’ll wait a minute here I get it now and that’s why I’ve kind of just worked alongside as much as I can to promote bitshares and the understanding of this technology and getting some sort of adoption or usage or anybody that to really understand or shape any sort of course in this so that’s why we’re here and Daniel I mean he he walks the walk and I don’t know what else I could say about him other than he is one extremely smart person that has a lot of convictions too and it’s based not just on his word for his actions and that I can appreciate quite a bit so I’ll quit quit on that slide and can move over this one and this is a good timeline of what he’s done I’ll let you kind of go over this a little bit and then I’ll fill in it through thinking four years ago tomorrow we started a company dan it was the vision behind it he got some investment from a big investor in China within five months on September th Guy Fawkes Day or November th Guy Fawkes Day introduced proto shares which was just a clone a Bitcoin but it was a way for people to own a coin that could then be upgraded to the destination of over time so it was the role ETSI Stiletto yeah it’s it was an early crowd funding mechanism a distribution mechanism where people could mine coins and so a lot of bitshares distribution comes from the same type of mining model as as Bitcoin but within a couple weeks all the big Bitcoin miners were turning their power over onto that day we put a few hiccups in there to make it so they had to modify their code but didn’t take them that long to do that and then suddenly they were sucking up all the proto shares just like they suck up all the Bitcoin and selling them into the market so we came to the understanding very quickly what’s the point if people are selling them into the market why don’t we just sell them into the market and bypass all the mining mythology that even today over half the bitcoins out there are mined by three companies and sold into the market so that’s where we started the trend towards initial coin offerings proud sales that’s where the model that’s being used right now in the eos distribution was first invented in something that was called angel shares at the time which gave people a chance to compete for a small group of shares every day for a hundred a period and so oh this was very cutting edge at the time and now everybody’s doing it but what happened is a year or so later bitch Ares came out and it started running and proving that you could put an exchange on a blockchain not just a coin and a whole smart coin factory for that matter then he went back to the drawing board and decided to accelerate it and a year later came graphene which pitch here is upgraded to and that’s what gave us the Lightspeed performance we’ve been talking about and steam it then pure plays spun off using that technology and now when EOS comes out about a year pitchers will just adopt that technology that’s huge because the other competitors out there are still stuck back saying we can’t upgrade why can’t Bitcoin upgrade to this technology right now because it’s run by miners and the miners make make money and they have a monopoly on it a few big miners so it can’t upgrade to something that would eliminate those miners it’s stuck in the Tar Pits but we don’t have that need to stick with year old technology we have demonstrated a smooth three second upgrade multiple times and that’s what we’ll do a year from now when EOS comes out we’ll do an upgrade to that technology while continuing to keep everybody’s ownership in the in the current system intact not change which is really saying that’s the disagree point is that only son of lot teams have been unable to keep up with changes have been able to keep up with and pivot with what happens in the world and I’m sorry you know it as a business owner and being in business you have to be able to adapt or you will perish that’s just the way it is this years has been able to adapt and continue on and not just adapt but to evolve evolve blockchain technology evolve the way that people market their blockchain businesses even with the ICL model structures that are out there today and can we did why don’t people like seoeon bitshares because they don’t know they don’t know any better that’s one number two you know aetherium is a more widely distributed token so it’s easier for them to potentially you know have distribution but when you have these problems of these ico shutting down entire payment networks you know when is enough enough so I see a lot of people in chat being very upset about Assyrian and about the clogs the congestion incoming it took me five days to get Experian the other day no you know customer service support help or anything like that until it finally came through it’s just because that network congestion stuff it’s really difficult to do business like that so they don’t I don’t think understands and as soon as we start having some high profile icos on bitshares i think you’re going to see a lot of people looking at it and say that’s where I should be at and that’s something I’m working on personally is bringing my profile i ciose to this year’s network over the next six to twelve months I’ve got about fifteen to twenty very very good i SEOs that are lining up and we’re just getting ready to put together the right team we’ve been putting it together now for the last month we’re going to have the right team to start pushing these out on the network in a very thoughtful good marketing campaign of good businesses but yeah now I think we’re going to have to move along because I’ve got about another half hour and then we can leave you answer all the rest of the questions if you want I like to get to the answer a lot of questions excuse me the big elephant the room question a lot of people are asking is if this is so good why aren’t people using it and the answer to that is because we have not had the marketing in place to do it what are the strategic alliances now one thing I will certainly say that clean aetherium have done their homework those teams did make good alliances and as a result they got a lot more adoption our approach has been if we build it they will come and it ought to be clear that building that system is not good enough you’ve got a market it you got to make strategic relationships and we’re finally doing that we finally got a team in place that has brought in an unbelievable number of supporters and investors and marketing power and we’re going to start leveraging that so once we do that we think that we’re going to have all the market liquidity and everything else people expect in order to adopt something the only reason people use the etherium is because it had more raw money sitting inside it they could be spent on the ice ago once we do that same thing that limitation goes away and then people will pick it based on performance we’re seeing people move from ethereum already and so we’ll see that become an avalanche in Cibola there’s actually some of the top bitshares markets out there and you’ll notice that since we look at this hero has appeared in two places those markets are now becoming more popular although they still lack a lot of liquidity that will come once we get some marketing but Swabians been building a bot that will help keep that market making function alive and that will help improve the liquidity and that’s necessary before big sponsors are willing to put a lot of money into it because anybody that has a lot of money doesn’t have time to sit there all day keep adjusting the buy and sell walls we’ve got to get that automated before things will pick up and work as smoothly as we like and that’s coming up in the coming month yes that is coming up in the coming months so we do recognise the need for that and there are two different groups that are going to be using the heroes they’re going to be people who are going to be borrowing or shorting them in existence of speculating a little bit more and taking a little bit more risk for greater rewards and there’s many people who are using the hero to just buy the hero to just have a quote unquote safe-haven you know to sit inside that and to get their percent interest per year and to be comfortable with that so there’s gonna be two groups of people that are there and you know group to where they’re going to be just more concerned with the percent not borrowing or speculating or gambling a little bit more on the market they don’t need to be educated about shorting a hero or collateral ratios or any of that sort of stuff what they need to be educated about and concern with more than anything is just being able to have their money in a safe place that’s accruing interest in a safe way honest money that’s backed by something of value that they can be reasonably assured is going to maintain that value and increase in value and that’s that’s its value prospect for them just as much as a bank try to make a case we’re having a interest rate of less than % on your savings account and people buying it every single day is that average national interest rate this point is zero point two two that is it’s crazy you know when a hero is percent and that I don’t think is a very hard value proposition for people once they understand that they can just put it in there and they see that value rise let’s see so this slide right here what were you doing with on this good – I don’t know we fluctuating market cap so much per day right now it’s it’s hard to keep up with it but you know the point is it sure is is already out there and been there for a long time adding the hero is the thing that can you know basically give it huge new legs because it’s something that we can market to the average person and that’s huge and with that everything else then can build a wrap we build around it and that’s what our marketing campaign can go now because we don’t have to go explain all the technical superiority differences we just talk to people about hey some heroes earn % and have a nice day so we’re leveraging that and that’s what enables this new marketing campaign or coming up with food right okay so on this one you’re going to talk a little bit about smart coin so the hero itself would be what’s determined to be a smart coins people heard about you know smart contracts maybe you may have heard of them smart climbs they may have heard of them maybe not what is a smart way and well okay best friend we start out with a dumb coin bit coin I’m not being purged or ative but bitcoin is a dumb coin it sits there and gets passed around but it doesn’t have any processing inside it it’s just people traded based like a dumb thing so silver or gold whereas a smart coin can be programmed by a smart contract to guarantee a share of another asset that’s put up as collateral to bakit and so you could make the equation be anything so people are talking about a definition that actually oscillates in time for certain applications and in our case the smart coins mostly say this coin is going to track the value of some of the fiat currency like the dollar euro yuan whatever but with the hero it actually closed in a growth factor of % annually and so it’s equation is a little bit more sophisticated and a smart coin is simply something whose value is defined by a smart contract in terms of another asset that backs it that’s interesting I know I am the next one we’re going to shoot some more about the hero and how the value is determined and all of that on this slide you know that what’s really cool about this is that you do get to see the usage of smart coins catching on quite a bit and the orange one is bit CNY so it’s actually Chinese currency right that’s that’s paid to the Chinese yon right and so if there is their reviews I mean they’re very pointing I into that that’s I mean I got a screen over here at some point but you see a lot of bit USD see bit see and why you see some euros but you I mean you see a huge spike in the last is this is this weekly here yes right every week for sure yeah thatis that is crazy I it has an absolutely crazy and you do see a live volume I started checking the volume of the market I’m using and there’s quite a lot of people that are putting money into become our coins because they are paid to the same currency that they’re used to so that is another value proposition people know what gold is or euros USD they could put their cryptocurrency into something like that that’s easier for mass adoption this is something that we were arguing in Las Vegas and Austin about price table crypto currencies when we I said I remember sitting there watching Daniel talk about unveiling bitusd and holding the pig steady and it was so funny I watched a video the other day and I was thinking about Erica da audience when this was going on and some people know I didn’t got it a lot more of them could not wrap their minds around how a cryptocurrency could have a stable value and it still to this day I see people getting to this look on their face like how is it possible so I think it’s possible through a smart coin to respond contract and through what we built right years ago here so this is a good example right here display which is the hero this is a smart coin with certain capabilities you’ve got bitusd pages of press the US dollar of value of the US dollar figure Oh same thing big gold pay the price of gold gold gold goes up and down that coin where that token goes up and down with it right so that is that it’s a smart coin bit Bitcoin value is determined by the market if you traded it any value for smart or it’s a dumb coin right does it have any sort of capabilities or values or anything like that what is different about the hero from a smart coin of like a bit USD to what we’ve got with the hero farmer well you know the big thing about the hero if you look at this chart you’ve seen the part done at the bottom it shows how the dollar has decayed because of people printing money but a reserve took over in and has been steadily eroding it ever since if we define the hero as starting the same day the Federal Reserve took over December a date that will live in infamy and instead you said ok we’re going to grow at % every year relative to the dollar what you see there in that upper curve is what the hero would have done if we had started it at that time and in fact that is its defined value today which is upwards of one hundred and fifty five dollars or something on the market right now because it’s defined to have grown along this path and so it doesn’t mean that its purchasing power doesn’t go up and down but it’s biased towards growth and that was the innovation that we put into the equation to make the hero attractive to the masses because if the choice is to hold dollars or to hold the hero and I think we can sell that as a better thing to do and that is the giant sucking sound that moves Fiat into the bitshares ecosystem I really agree with that too when when finally clear for people you will hear and I heard you say that before a million times it makes me laugh every time the giant sucking sound going anywhere ecosystem you know that that’s what I want to hear that’s what I’m really compared for and that’s you know so the value of the US dollar now is like what was like and some change it goes up a little bit every day because of the way that this formula works the value in and of itself is supposed to continue to rise up every day so people I see questioning here saying how the bikes and interest rate relate to a coin that will probably have a large trading range buying best now it seems the coin would write farm prices totally dominate % not sure what % is related to pike centrality to the value of the US dollar so % what one of the things that the % does is define what the force settlement value is yeah and and that’s the only thing that is fixed is the price that you can force the system to cough up that many bitshares at that price yes it can fluctuate around that with supply and demand and as supply and demand grows that should become more stable but not absolutely stable because if there’s more supply than there is demand the price will sag and it’ll also grow but you always have a point of reference of what’s backing it and that’s the key what is backing it is bit shares that are held in escrow on the system and the system promises that if you want to within hours you can cash it in from the system you don’t need to find a buyer you can cash it in from the system for that specified price and that specified price is what grows at % right that’s that’s really important parts of this actually so I’m glad you mentioned that is that they don’t have to find a buyer they can settle out whatever they want to holding that geared up for bitshares and that’s a valuable asset as they can go trade they can go spend they can go load into their bank account what with their debit card using the remedial service that we have or there’s other ways to do it so this is something that and actually be able to get the money relatively quickly too so that’s let’s see why not market the hero to exchanges as US dollar alternative that’s probably what’s going to happen here after we get more volume and some usage out of it and more and more people holding it we’re going to hopefully see other exchanges not just picture this changes maybe some other ones participating in that because they see the value of holding those heroes because even those exchanges can participate and getting that extra % but if they want to let’s kind of go on to a little bit more site I know you’re under some tyson straits here so we’re now we’ve talked about two different kind of camps for for the hero the savers who just buy the hero’s so they have something that is accruing it at a reasonable rate of appreciation five percent what are what are we looking at right here which is i think the other group of people that speculators i’m really really happy with this chart because i finally found a way to explain this it’s not complicated at all well you all know how to get a home equity loan you go to the bank you give them the deed to your house and they lend you money and if you don’t pay it back they take your house easy peasy right we just found a way to take that loan if you will and loan it in the form of a coin called the hero and we instead of giving the lead to your house to the bank you give them control of your bitshares so you still own them just like you still own your house but they’re locked up as backing for the loan you took out and the loan is in the form of this new coin with all these wonderful properties we’re talking about and you can go spend it and when you spend it it circulates just like another coin backed by your equity which is locked up so that if somebody needs to ever cash it out they can and the rest of the system is just the blockchain managing that banking function of locking up escrow and putting a coin back by that escrow in the circulation now in the event that bitshares double in value when the time comes to pay off your loan you’re only going to need to have as many of them to pay it off and so you go out on the market you buy a hero for half price because the coins of herbage shares have gone up by double let’s say and that you got it for half price you can go pay off your loan and guess what you just made it appreciation that’s the same thing people do when they take out a mortgage on their house and then they come back ten years later and find the housing prices have doubled and they pay off their house with cheaper money and that’s all profit and that is the motivation for people to borrow because they think the cherries is going to go up of course if you take and sell your coin in order to buy you know cases a beer or more batarus whatever you want to spend it on and if the chairs goes down now it’s going to cost you twice as much to buy that hero back so you can pay off your loan that’s just like the housing market collapsing and leaving you stuck with a difficult time paying off your loan so all we did is make that an automated process and what the hero becomes is something back buy assets stock in the bank if you will in this case the by tears Network and now you know if you were backing it was gold in a bulk how do we really know that there’s gold in Fort Knox or that a bank hasn’t sold that gold gold to five different people or a fractional reserve eight or whatever in the bitshares system you can see that every one of those heroes is backed up by at least twice the value of it so that when the time comes to cash it out you get a full hero’s worth of those pictures that you can sell and the person who took out the loan gets the rest which hopefully will make a profit but if not they take the risk the holder of the hero doesn’t take the risk and so it allows two kinds of people someone who wants to bet on bitshares going up they take one side of the bed and the other person says I don’t want to risk it going down so they hold the heroes and they just swap what the benefits are the two points buy a smart contract that is enforced without any counterparties yeah yeah pretty much um welcome question to this infamy it’s a preteen five percent well the five percent comes out of the settlement cost if we just sit statically and let’s say the cheers doesn’t fluctuate and I took out a loan when I have to go pay that off the value of the hero has gone up a five percent over a course of a year that means that the escrow I set aside is going to not going to have to use an extra five percent of it to pay it off and I would have when I first did it I’m counting when I do that that I can grow faster than five percent the bitshares will go faster than five percent and in particular we’re saying a factor of , like Bitcoin theorem have done and so if we can show our plan to make it grow that fast a lot of people will want to issue the heroes and that will make a big supply available to people who are retirees who just want to secure savings and when those retirees spend them they just transfer to someone else with loan stays in existence when someone wants to force cash it out they can do that but by then the back people who took that that I’m making is it will have grown more than two and a half percent remember to double the amount packing it so you don’t have to go two and a half percent to get enough to pay the five percent right so it’s a pretty good bet that it’ll grow two and a half percent not guaranteed and we see examples if you look on a very narrow time window where you could go backwards so you want to make sure that you have extra collateral put aside and we’ll talk about that a little bit right that’s that’s important stuff so again if speculators are betting on the value of pictures rising enough to cover that % and then some that’s really what what’s going on there okay so that answers a big question because a lot people have that too let’s see here so he says is this % times the current value of the US dollar five percent regardless of the current value of the US dollar is five percent at the u.s. dollar at since then plus five percent Acy so if the value of dollar plunges the value of the US dollar plunges right now half of what it’s worth in the euro is going to be worth half of what the US dollar is worth from up until this point so if let’s say it’s worth six right now be worth half of that pretty much right it’s not because it’s defined in how many dollars you get and if dollars worth half as much then your values half as much the hero is not guaranteeing that if the dollar collapses it won’t follow it down though this collapse five percent less but in general during normal times the hero is useful for canceling out inflation and in the event that the dollar collapses guess what people who issued the hero make out because they they’re the ones that get the benefit of a collapsing dollar so I was going to actually mention I did see a lot of folks but basically borrow a bunch of heroes into existence when the price of pictures was a lot higher and then I saw them selling them at a premium when bitch your started going down I saw the heroes go up in value they went up from whenever I think they were like I’m $ or something like that when pitchers would continuing to go up and I saw people buy them for dollars ever a hero so people were making $ per hero just on those sales when the market turns so even the speculators who borrow those is the indie existence took that risk they flip that risk back over and made money on the downstream yeah of course they’re taking the risk if it keeps on going down sooner or later they’ll get margin called and you know have to pay the piper but if they’ve got adequate backing behind it they can weather the storm and if their long term bullish they can make money on both sides of that because anytime the market is dropping the hero is rising because people want it as a place to weather the storm and right now because we’re just starting it weren’t enough to go around so people were fighting over them and that means of premium price habits here’s an example of levels of risk because sometimes people I don’t really understand what why they’re buying things and so we’ve seen some fluctuations just because we didn’t do a good enough job of explaining it to people so let me try to remedy that here there’s several different levels in this contest we have by the way no purchase is necessary you can play the game that we’re going to be talking about and earn free Rose which is just a dumb coin that we’ve created that allows you to earn points for doing certain things in the contest and those help those count towards winning the contest but not as much as some of these other things the things that are higher risk gets you more points and require greater expertise if you’re playing in the contest so buying a hero is a pretty lowest thing to do because it’s backed by twice its value in pitchers at least and backed by the the entire platform with no counterparty risk so you can buy that if you’re a retired person and it’ll be you know it’s not completely risk reading the whole world could collapse and and the dollar could collapse and things can happen but in general in the whole digital currency space the hero is remarkably safe by comparison to say buying Bitcoin which could fall in half any given day it’s been more stable cently but it could the next step up is if you’re recognizing the fact that we’re putting a contest in place specifically intended to cause people to learn about the hero and pitchers and anytime someone buys a hero it’s putting demand for someone to buy bitshares to make another one to replace it so everything we’re doing is driving is intended to drive the bitshares up by factors of in the coming year or two and so buying bitters and just holding it don’t anything fancy if you’re not an expert you’ll have to clear up to the next stage but just holding pictures it’s got flexibility we’ve seen it go way up past and we’ve seen it come back down with a half % correction yeah that can happen but over time we think that’s a good bet if you can stand the volatility in the meantime and then at the ultimate high level if you’re an expert you can borrow heroes into existence and use them to buy more pictures and that gives you leverage double the risk but you know a chance to really make out good but you got to pay attention to it and we got to discourage people from doing that if they don’t know what they’re doing just stick with one of the lower levels all of those things will contribute to scoring points and notice that you’re not giving your money to anybody else you’re just building your savings account up with a basket of these different kinds of assets and holding it as your savings account you always control it the only thing the contest does is give you credit for doing responsible things learning how to use our system and that controls who wins the ultimate prize which charity or other good cause wins but you’re not actually extending any resources to us or to that cause you’re just saving it and getting credit you get to determine which cause gets credit for you being responsible mm-hmm I think those are those are great points to an a that’s a great way to explain the natural progression of understanding for some of the folks that are out there that are in the crypto world or understand a lot of that is just getting a free ro you know buying a hero buying some good shares and a piece of actual network and shares in a network and it actually leveraging those and getting some heroes borrowing the existence showing into somebody else or keeping them or using Leafly mortgage shares or whatever they’re going to do with them um this is the this is a slide that you really like which explains kind of what you just talked about with either a person a company and I vo anyway regular a team of celebrities that are competing for a billion dollar prize perhaps something like that can use this method of what you just explained so you want to just do a quick run out of this slide right here an explanation of it you kind of did just a moment ago but this is a good visual of it yeah and I’m going to do it very quickly because I got five more minutes but this is just saying that you know we’ve talked about doing one little operation but if you set it up so that you have a stream either savings from your paycheck a certain amount every week or if a company has a profit stream or whatever if you do that on a regular basis then basically that stream gets used to purchase pictures which could lock up in escrow and you borrow against that stream to just fund whatever you’re doing you know to pay your mortgage or to pay your employees or whatever so we’re working with a lot of startups on this model where the investment dollars come in and get locked up in bitshares ESCO and they borrow against that to fund their company meanwhile the it’s causing buying pressure on pitchers which makes the chairs go up in value so that they never actually spend the company’s equity that equity is growing and every other company in our incubator doing that same thing is all causing benefit every other company and part of the contest is to get everybody in the world doing that so to go to the next chart and look at the you know yeah look at a imagine every company and every person out there is got some revenue stream going in there into their savings plan and they’re spending heroes into circulation those heroes are backed by a growing value of bitshares and that is the you know virtuous cycle that causes bitshares to be biased towards always going and more we’ll do this the more heroes are taken out of circulation the more valuable they become and the less risky it becomes to do that borrowing heroes and shorting them into into circulation so we’re out there with this contest encouraging and trying to get everybody in the world we won’t get them all some people just won’t want to do something that complicated but a whole lot of companies we’re working with will do that and that’s how we buy us pictures towards growth and that’s how we get to the likely event that we can do the growth to a billion dollars from a million dollars in less time than it took Bitcoin in this area I got so look at the very top left corner the hero backed by bitshares bitshares are backed by business we’re trying to work to get a lot of businesses buying pictures in this model so that they get lots of growth themselves and that’s what backs that share is to make sure it grows so that the hero can be generated safely by lots of people all right so could anybody from like you to somebody just taking some savings you know other normal paychecks be you know companies that have existing revenues or existing businesses can be people who are doing ICS or crowdfunder anything like that you take funds that are putting in their five bitshares not spend their VIP shares they still own them generate heroes to them pay for their stuff buy more bitshares increase your investment leverage or whatever is there looking to do but be able to still hold those assets and as they’re increasing in value take more of a loan or take more of Heroes out or decrease the amount of collateral they have in their of their investment right and so they be able to decrease that down okay so these are all these are all really great points that that you’re covering right here so we’re throwing a contest and we’ve got four minutes so we’ve got a billion hero challenges is what the contest is and let’s explain how this works so there’s a billion dollars in and we’re breaking it down to twelve different teams are going to get a payout when we hit a billion dollars credit that’s correct and that’s that’s measured by a weighted sum of all the members of each team you can join a team by simply pointing your up proxy link to the account of your team leader and that team leader gets credit for doesn’t get your money just gets credit for how much of the different things you’ve done how many heroes do you have how many have you shorted how many bitshares you own and how many of the free rows have you accumulated by participating in different ways to earn free rows that probably will create a little market for the pre row of people who earn them and so the people who want them for the contest reasons who knows what will happen there but that’s just another little side issue like that when the final value of that prize money which will get put in place probably tonight at midnight grows from a million dollars to a billion dollars then whoever is in st through th place in that scoring mechanism will be issued those that amount of bitshares for the cause that they have been championing so their job is to get as many of their followers as possible to participate so that not only do the followers gain their own knowledge and and savings but their team gets a chance at chunks of change that they can spend on something that those team members care about ok so that and that’s a billion dollars we’re giving away here and definitely be seeded by how much is that going to be seeded or what where’s that money coming from well what we did was we picked a point during the past month where we crossed for the first time a x growth from our minimums we started out a couple months ago with the chairs worth a third of a cent okay and when it reached a third of a dollar back on June th we lock that in and said guess what we’re not going to that first x growth we’re going to start the contest there we’re going to put three million bitshares at cents into a kitty it was worth a million dollars at that time it’s come down a little bit since then but that’s okay we have to climb clear up to a thousand times that cents so that’s three hundred and thirty three dollars is what bitshares will be worth when the contest is over and if we can do it faster than bitshares that’s probably faster than aetherium in Bitcoin that’s probably sometime this decade that the prize will be ordered I agree you put it in perspective hitting three hundred dollars for crypto it’s not that difficult that’s going to happen several times now so in the doable entirely doable especially when you’ve got an initiative behind you so speaking of initiatives we’ve got a bunch of different folks that you have been tirelessly if you’re working it and networking and moving and shaking and I’ve done a little bit of work on this too but you’ve definitely been all over the place working on this and this is fantastic stuff so we’ve been putting together what we’d like to call our hero makers but anybody can be a hero maker anybody can be a hero anybody can participate in this you do not have to be rich famous good-looking although all of those things you help so these folks are what are they doing out here and how are they helping us achieve this billion dollar prize well each one of these persons has a group of fans or followers or a network of friends that they think that they can a list toward some cause they believe in and that their friends believe in I’ll publish an article tomorrow that talks about who these people are but some of them are very famous super respected people some are controversial some are unknown I selected those just to give you a sampling of the variability but since anybody can lead a team even five has put out a post on statement to lead a team and so over time I’m we’re not trying to bias gook and then we’re just getting a few leaders to sign up to get it started they could win or somebody could come out of nowhere and win it and we don’t want to constrain who can win it whether they’re the saint or a sinner is not the issue it’s can they get enough supporters to vote for them to be one of the winners and will will let it go at that Brian Williams is a guy that’s got a big plan like that to bring a lot of his friends together to do concerts and all their fans will be recruited into his plan that’s just an example of one guy’s job yeah I do not drive one of the teams right we’ve got a lot of teams but the city so he what he’s doing is he’s putting together a lot of other influencers that he can use and leverage and work with to win this challenge faster and so I think we’re going to see other people and influencers like that aligning to be able to do the same thing and this is a really good example because you see a lot of people who are you probably recognize pictures on here yes all right cool and so this right here is going to be an example I see this is an example of the hero to the pictures market right now correct where did I lose Stan here oh I didn’t stand all right so so questions Glen shoot me any questions that you have right now we dressed quite a few of them but if there’s any of them on here that I can jump on let me know and may have been lost yeah he did have to go so if you just mention that previously uh so this is an example right here of the hero market as you can see right here the big-haired X is a little interesting you know folks are using and starting to get used to it but like anything else to work in progress markets are always going to fluctuate and as I mentioned be able day now I’m sorry just go just a little bit ago yeah and the other day when I changed some folks when you see the pictures market go down and you saw the hero jump and value and it did stabilized after a little while but people were jumping over and moving into it as a way to shelter the storm and way to shelter the downturn in good shares somebody asked a question uh am I worried about the bitshares price up and down or whatever it’s done recently no I’m not really too concerned with the the value or the price movement of pictures before the launch of the Hero competition just because it’s July th does not mean that everything’s going to happen all on that day and that’s just the beginning in the launch the start of the competition we anticipate this competition could be anywhere from months to maybe even a couple of years long we don’t really know what we do know is that we’re going to continue to fly around to teach to educate to get more hero makers and other influencers involved I’m speaking at several engagements this month and next month on blockchain and crypto currencies so I’ve got a lot of media interviews scheduled and I’m working out more of them right now so we’re going to be getting the word out on this but we need all of your health just as much to either make markets if you want to speculate to educate other people about this to show folks how easy it is to just be able to save some of their assets in something like a hero or bit yesterday anything but this is about the hero challenge in general and being able to give away this money we are putting that money into escrow with the intention of giving it all away when we hit the billion dollars you know we don’t want the billion dollars we want to give to other people the whole reason why we’re doing this hero challenge is to get people to understand the technology somewhat but some of them aren’t going to understand that more so it’s going people to have confidence in digital currencies crypto currencies and what value they can offer them once they get that and have that aha moment like a lot of other folks that had on here like all of us did not start out knowing as much as we know about cryptocurrency and blockchain but we all had that one moment where we started dabbling and then the light turned on and that’s what we need to get a lot of these are the folks understand to it that they can put their value in something other than us bankers Bank of America and get interest off of it and have it be safe and also be able to move around if they understand those concepts which they do and understand the ease of use by it it was going to succeed Stan and I have lots of plans as we go along there to hero initiative moved forward with the company here anomic we plan on creating a much easier to use wallet we plan on other initiatives we have marketing funnels that we’re creating with our PR marketing firm out in New York right now and you’re going to be seeing a lot of that as we go along let’s see here any plans to create a customized hero bit Cheers you interface yes absolutely we did we are creating bus right now to increase liquidity standard mention that Fabien Zurich you guys know him as on the forum he’s working on those software bots for liquidity as soon as they’re ready to rock we will have them out and going the only way to get a hero coin by borrowing against or can we use bitusd you can only get it by using bitshares right now you can get a hero coin by either borrowing it using the chairs or by buying it using anything you can buy it with the USD if you want to and then you can settle it and get bitchy chairs for it so does that answer your question I hope it does so I mean if you want to tune that sequence you have it USD you could just buy a hero and then settle it out so see how it does the price shift for hero if bit BTS go up does a hero goes down it’s possible and if you saw the pictures go up the value of the hero kind of did go down in that people we’re creating a lot of heroes and selling them and as with anything else in the market as they start selling them they’re going to start undercutting each other more and more and more in order to get that hero’s sold eventually pushes the price down that price pressure but if you just hold out if you want to wait for a little bit it’s almost always stabilized and remember the hero has just started this whole thing it’s a smart coin it’s going to hold its capabilities only we can’t be responsible for what people do in the market just if you know people make crazy decisions see how does the price shift for the hero okay we can stretch that is there currently enough liquidity you buy heroes and current market I believe there is but again I would like to get these BOTS out there before we get a lot of speculators really getting out there and borrowing heroes into existence I’m just going to say this and again I don’t get I’m not giving investment advice or anything like that if you’ve got to be borrowing heroes in the existence for anything right now you’re going to be one of those Trailblazers just make sure you watch your collateral level ever you know I say every eight to twelve hours if you can just take a quick look and adjust accordingly to make sure that you’re comfortable if you’ve got a large pool of bitshares and you’re in this for long term in its win it game for bitter spin it shouldn’t be a big deal to add collateral I myself am doing that I’m in it to win it I don’t sell my good shares I never have I’ve got a lot of them and I really care about the ecosystem in and of itself I want to grow it you know and so whatever it takes for me to have to do that I’m going to be doing that and most people that are shorting these and doing it believe the same thing based on conversations that we’ve had with them but if you care about this contest you will just learn about the heroes about about borrowing and buying them about how it works Anna Kate other people you know refer people to the bitshares system and get the referral fee that you get for using good shares you know you get referral fees for that stuff it’s great and then I help them with the challenge or be a leader just like some of the folks on our forum I’ve already started getting referrals and building out their teams you know this is all work in progress you don’t have to be have a team and be ready to rock tomorrow you guys can still work on this for the next several weeks or months and make this happen let’s see here we plan to create a simplified wallet to buy the hero yes we do have plans to create a simplified wallet spy to hero the wall is the average wallet a little complicated I absolutely do agree I’ve been saying that for a very very long time and so we do plan on doing that I I would love to see you know bitshares initiative of a worker proposal to create a more simplified wallet for richer community in general but we do plan on doing that for the hero either way unless somebody steps up in the victory community and does it and we could assist in some sort of way or help pay for it that’s an option – we’re opening it pretty much anything right now to grow this because our overall goal as with anything is to grow pictures technology network understanding of it and the uses and use cases of it from both the best about use cases of victory technology we can point to niche areas we’ve put to steam peer plays all of those are great use cases most of them are working you know companies with market cap values of at least two three hundred million dollars and up over half a billion dollars maybe even pictures over billion about two weeks ago it’s a little bit under right now but that’s pretty impressive stuff for companies that just started within the last couple of years being worth that much one where’s the forum so I can follow the forum is bitshares talk org bitshares Tosca organ just google it you’ll find it there any other questions folks and then I will cut this off string now spin and I will plan on doing some more of these we may even get into the wallet and actually do some borrowing and trading of heroes so you guys can see it live in action as we go along but again we are going to have a replay of this in a couple of hours I’ll be answering questions in a chat you guys have me feel free to ask them in there I’ll be answering them I would really like all you folks to just send as many people as you can to this reporting if you if you’d like to – the link to register for it and we will be doing a replay again probably in about a week or so after in the United States I know not every merica here absolutely fact more non Americans probably than not but there’s a lot of people out there me mailing this out to a mailing list of about , people as well as dropping it into some cryptocurrency groups on LinkedIn and Facebook them and members up that will be getting subtraction on here so I would really like to get feedback on this presentation folks is anything that you think we can add some folks that they’d like to see us update the smart coin slides will update that we’ve actually updated it three times and you have to continue to update it but we’d like to really jump on and do whatever we can to help you guys out that in either educating others answering your questions make sure you join our telegram channel we have the bitshares dex channel which we’re Stan and I are on there all the time anyways but we also have a specific channel for the hero I’ll actually drop down to chat right now here we just go ahead and pause my screens and I will beat you guys a link to the hero channel this link right here drop that out to the entire audience as well as a link to the website where you can learn more about this hero and about the initiative we will be revamping the website to reflect some of the changes and just you know some overall a housekeeping looks a branding style based on what our PR agency is saying if anybody wants to put in for doing web breezes either web redesign or user interface for the wallet for a hero or for pictures in general private message me a on well we’ll say on telegram here and make it my info I’ll see you guys on here right now let’s see here this is my username on telegram feel free to private message me on there if you feel like you can contribute to the hero initiative if you think that you can be a hero maker or form a team I’d love to talk to you Stan and I will help you out in any way you can if you folks think you could help with the user interface or with web design or anything like that be willing to talk about that because we’re very serious about making this happen anyways I really appreciate you all for being on here thank you very very very much for being on and asking all the smart questions we do have quite a few folks on here for me advertising it nowhere near as much as usual I really wanted to make sure that we did this presentation to dis answers based questions give me standards only second time we’ve actually even done this presentation so there you go and we really want to again educate and show folks how to use this all of your feedback is taking into consideration everything you’ve been writing in here everything you guys stay on the telegram forum if you have anything specific for Stan a nice private message us on there let us know I really do like the feedback we do consider all of it and it is in our best interest at the end of the day whether you agree or don’t agree with how we do things or our initiatives or anything like that all we do really care about is big shared system the technology the community and growing it into what it deserves to be that’s it and however we have to to get there is you know Stan and I are are getting there one way or another so the train is leaving the station as tomorrow this an issue is starting and I hope y’all join and help grow it to be what it needs to be thanks a lot folks appreciate it spring some of the comments all right I will leave the comments section open here for about another five more minutes you guys want to give us any other feedback let us know what you thought about the presentation and send anybody and everybody to this to register for this I will have a replay on this presentation that they’ll be able to access anytime anywhere after this evening so anybody that wants to see the replay and get notifications about it and be able to have access to it just have them register for this web seminar all right thanks folks have a good time and appreciate it take care bye

https://videoblogsite.com/the-hero-what-is-the-billion-dollar-hero-challenge-bitshares/

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The HERO – What is The Billion Dollar Hero Challenge? – Bitshares

This video, https://www.youtube.com/watch?v=VxCn4j2JOtY, can also be seen at https://www.youtube.com/channel/UCASo8I7HjXn6ypM2vkF7xqg.

Hi everybody I’m Michael and I’ve got Stan Larimer here from Krypton ohmic and bitshares and we’re here to talk about its exciting new initiative that we’ve got going on called the hero challenge or I guess more so it’s more like the billion dollar prize challenge and I think we’re going to explain what this is and everything here in just a minute but you want to say hi to everybody real quick Stan hello everybody great to be here everybody now we’re going to talk about the hero or well I guess what is the hero first of all Stan where’s the hero to you well what we’ve done is we’ve produced a new coin using the chairs capabilities that should be of great interest to ordinary people right now a lot of people get excited about digital currencies are pretty much either you know people who like technology or people who have a special use case but the RV’s consumer now they haven’t seen a reason to do it just yet but we wanted to produce a currency that was more likely to be interesting of interest to the average person and the average person out there would like to have something that works a lot better than the banking system like to have something that make is stable and doesn’t put it a lot of risk on them in terms of volatility because most people don’t like to play the markets and help me to give them a nice stable % ready to return because that’s something people just can’t get these days when I was a kid I could put my money from mowing lawns into a passbook savings account learned % and like to return to that day and so we created a coin that does exactly that and that’s the one we’re going to mark market to the mainstream and what you’re hearing today is our plans to take it to the mainstream which quite frankly is about a hundred times maybe the market than the current market that we’ve been playing it right and so you know even though the coin it says honest money for heroic enterprises and I think that’s a really great tagline for what the hero is and just in just a quick little description and a little nutshell you know and so people will say what are you II need my honest money well that’s a really good question I guess we could talk about what dishonest money is like money that tends to lose value over time because governments print too much of it oh that’s pretty dishonest and the fact that money gets interfere dwith all along the way when you try to send it to somebody you don’t have the freedom that you would have just reaching in your pocket and pulling out a coin and handing it physically to somebody we’ve lost that when we try to interact with people around the planet so this particular honest money is money that can’t be taken from you it’s on a blockchain where no one else can get it it’s one that’s not backed by a potential fiction either public debt or in some cases theoretically gold that may or may not be present somewhere yes purple money is money that you actually can verify as backing because the backing is equity of the blockchain company that’s running it I think that’s a really important part to this entire thing and I think to selling this on consumers and people who are not crypto savvy in general is that this is something that has backing once I think most people understand the way that our current monetary and banking systems work and they don’t have to have a high level understanding just enough to understand it it’s based on fiction as you just said and there is not a lot backing what they have in their pockets were spending their confidence level would plummet in that system the more and more they do and I see it whenever somebody actually begins to understand that this is a little different in that there is a value behind it and people can assess that value and I think that is really important because I have the confidence in it and folks that are watching this right now please feel free to give us your tape – because I want to know what’s important to you when you see the hero when you think about bitshares when you think about this system that you’ve got at your fingertips that you can use to now take control of your finances take control of your personal assets as a global banking alternative of sorts what is important to you about what what do you want to use it for those are the things that we need to know and understand so when Stan and I go out there market this and we push this hero challenge we talk to people about it and how to use it we’re able to talk to them about what’s important so that’s that’s really great stuff so I’m going to actually go to the next slide because I think that’s important – it is a million two billion dollar club who’s in that club now right – that’s a kind of important thing we’ve got Bitcoin you know hit the billion dollar market cap Club is up and what we’re referring to here and then etherium did and in bitshares it’s a billion dollar market cap Club which is unrelated but that’s not what I mean by this that’s right that it’s called the million two billion Club okay basically swimming if you had a wallet that had a million dollars worth of Bitcoin in it a few years ago that wallet would be worth a billion dollars now can he get hurt Bitcoin was the first to take millionaires and make them billionaires yeah of course if you had a thousand dollars you had a million dollars too so it’s a scale to anything it took Bitcoin three years to achieve that which you know is pretty amazing you know what a rate of return from a million to a billion but still there hams on track they’re not quite having done a million to a billion but they’re pretty close and could make it inside of two years if they get it done by the end of the summer so they’re they’re not technically in the million billion club yet but they’re pretty darn close and so we looked at bitshares and said we’ll wait a minute there’s a couple things here yeah if Bitcoin and aetherium did it with the things they’ve got going for them and as we’ll show in this conversation we got a whole lot more going for pictures than they do then one would ask why wouldn’t we expect the chairs to do that same thing if bitshares does do that same thing and we can sort of say yeah I think that’s really likely then why don’t we build an entire marketing campaign around the fact that hey that could probably happen and has happened without such a marketing campaign with Bitcoin and probably aetherium why not build a marketing campaign that assumes that will happen and put a billion dollar prize out at the end of it so that it becomes a self-fulfilling prophecy and that is the idea that you know inspired everything that we’re talking about here because we can prove that coins do this we can show people that we’re better positioned than either of those two were before they did it and we’re putting a marketing campaign behind it that is unequaled in the industry yeah I agree um it is interesting watching the Bitcoin jumping in-you theorems up and now you know here we are at the presses the technology as you just said it’s completely different you know we’ve been I believe more advanced in the other two that we’ve been talking about quite a long time but we’ve been under the radar you know there’s a lot of folks that have heard about it and have built some companies on it and we’ll talk about then here on the next slide so on this line right here in and I’ll let you kind of explain a little bit to it but that little bump that you see right there is now this is actually Bitcoin market cap and their timeline of value right that we’re looking at right here yeah this is Bitcoin and we’re pointing to events in the life of pictures that seem to fit what bitcoin is doing and that little tiny blip that we looked at if you blow that up looks like what happened Bitcoin back in April of Levin went from nine million up to million and then settled back down to about heck hey does that look familiar in terms of what happens every time there’s a big run-up and then things coming back down to maybe half scale I’ve heard a lot of chatter on our community it was really excited during the run-up that we just experienced around June th where we had a boom like the one that you see over there in the second side the first boom just went up to in some million at the time we looked at it in May and now we’re Michael’s touch highlighting you see that we’ve already had our go above a billion in back down to half a billion so people who are concerned about what’s happening hey just look historically what happens when we get these different booms then there’s always a recalibration and back up to the next site so you know if you’re a day trader well okay plan on that but if you’re a person who doesn’t want to take that risk just look at where we are and that’s what we’re saying well heck this coin did that without a global marketing campaign we’re going to do that and one other thing we have is quite a few very large investors who are behind us this time just ready to jump in so there are a lot of different things contributing to our ability to pretty much count on being able to do what the other two have done and those are kinds of things we’ll talk about here today right and that Ben is very interesting stuff i remember i got into bitcoin right around this area right around here but I remember this jump definitely because I was heavily involved in Bitcoin at that time everything Simpson has just been really amazing two point we’re now bitcoins you know what’s waiting anywhere between to almost $, coin absolutely insane you know a theory on copying over $ several times $ and bits here pushing over a billion dollar market cap multiple times the last month I’m just kind of testing the water and I do believe that we’re about to see from this blip like you said in June of that we just experienced right here which is where we’re at to see this big jump and that’s going to be really exciting stuff is I think this is where we’re at right right in this section right here so really exciting thing about that I’ll just mention is all that all that happened just on its own merits not due to our campaign our campaign doesn’t start till tomorrow so everything I’m talking about here would have presumably happened anyway there’s a few of you who may have bought based upon us leaking to you what’s happening but in general the rest of the world hasn’t seen this has no clue what’s coming and that much happened already on its own so cake benadryl kheh absolutely so on this screen and I really like this one because it puts into context the technological capabilities of what we’re talking about we got over here I’m going to highlight this and if you want to just go through it we’ve got Bitcoin right here and they’re they’re worth the most right now in terms of market cap and awesome value corn quote and you got a steering right here and what’s the correlation is I think this section right here right which is the speed of transactions yeah if there am is transactions per second Bitcoin is about three to four maybe maxing out at seven and so I put them over there sort of on a scale of you know Bitcoin is how fast can you walk if they’re in yeah maybe how fast can a horse run and then clear over off the chart the various technologies that that on our block chains bitch air is steam and you know EOS is shown I probably should have shown it clear off the right-hand my speed of a board cube or something I don’t know but it would you know it obviously allow us to scale to where the right-hand axis becomes meaningless because there is no limit but the real question I want to ask everybody is you’re so used to thinking of number one being based on the metric of market cap okay but certainly competitions of all types just look at the Olympics there’s all kinds of games where different things become what the competitions in my competition comes to the ability to scale they and all the world’s transactions the technologies we see along the bottom x-axis there are the ones that as far as I’m concerned determines who’s not who’s number one not not the instantaneous market cap that might tell you the market cap rate is a an indication of past history it doesn’t really tell you anything about the future or not much what tell you about the future is the x-axis in terms of what is the performance of different systems so I would argue that the technology is that we’re promoting are number one and Bitcoin is you know clear back at the beginning and as I’ve always said I salute Henry Ford for developing the Model T but don’t drive Model T’s anymore if I’ve got a starship I can take absolutely and that’s that’s a really good point that puts it into a very good context I think for a lot of people when I heard you say that the first time I kind of chuckled a little bit but it’s so true enm thank you Henry Ford II now and take you right brothers you know and Leonardo DaVinci to but I’m not flying what I think it draws Atlantic or even taking it up anywhere around here either for various reasons and it makes lesson and I would like to say you know when people start understanding technological capabilities of what we have to offer when people start understanding not just the tech but just the ability to save their assets and to have more control over them and to have personal freedom of it I would like to see the value six years and steam videos continue to rise and I guess have that value be recognized in terms of market cap and marketability then that would be really great stuff so on this next slide well just a minute guess what lacquer we got feels a little robot sir I’d like to just mention yes sovereign software companies you know we have a collection of people on this call that may range from people who have been with us for the past four years and basically we started four years ago tomorrow on July fourth the development years so long history with some people but some people just joining us and certainly all the people who want to reach with the hero had no idea what the benefit of a sovereign software company might be decentralized a communist company is what we called it four years ago but I’d like to emphasize the sovereign the idea that these companies sit out there and cannot be interfered with by anybody and he government any power any big bank that’s what bitcoin was originally designed for and all of these block cane based systems are basically there because they’re built out of a whole bunch of computers scattered around the world to check each other and no humans can corrupt because their robots are all checking each other and the robots are programmed to be robotic ly honest and therefore we’re relying on that but here’s the other big factor if we were to try to go out and sell that to the average consumer today that doesn’t realize how much at risk their money is in the current system even though every decade we’ve seen some major currency collapse going back as far as you can remember but people just don’t have memories that are that long new people are coming along all the time and T the Great Depression and the all the inflation’s that happen somewhere else really don’t enter into people’s consciousness so if we were to try to market bitshares as we have for the past few years as being really high performance and really incorruptible guess what that falls on deaf ears a lot of people that’s why we invented the hero we need to meet people and solve problems that they care about once they’re there we’ll teach him about the other benefits and I’ll never want to go back but that’s a fundamental difference in our marketing strategy coming forward in the coming year and what you typically see people out doing various interviews and so on talking about their great new blocking most people don’t know what a blockchain is and don’t care to find out but if they can go get % on a passbook savings account and maybe that’s worth learning about and so that’s the big difference in our approach yeah okay and in that that puts in a lot of perspective – how many people here understood kind of the approach behind that that we we want to be able to we’ll take the power away from everybody – correct or control it and this is a way to do so how many people here are getting that I see I see people enhancer down there so awesome now we had a couple of questions they’ll answer a few of them – so he says hero works the same way as bitusd apart from different interest rates we’ll cover that here in a few minutes somebody’s saying I think for block change in general it’s super important to have developers be cool for developer like me that just starts out in a black teen area to have video tutorials to get started with bitshares yet I think that those kind of things are are coming in the future now that now that more people are showing some interest in it you know we do have some core developers who’ve been around for a long time some of them may be on this call there’s other folks that have been on here working with us and as Stan just mentioned and chewing on the slide different spin-offs like steams kind of spinoff from what was started by EEOC is kind of a new interation it’s kind of Richard on steroid and then some and with Daniels new project with that which congratulations on I mean over million dollars donations within the first few days and stuff like that great I think it’s on track to be one of the biggest I SEOs if not the biggest ICO in crypto history which is going to be kind of fantastic thing so many much in pure plays which is another spin-off by Jonathan and the rest of his crew and there’s a lot of other developers again at Stansted who’ve been in the bitshares ecosystem working really hard to develop separate companies that help build on what we have to offer to bring in more people open ledger Ronnie over there and other people we’ve got you know the remedial projects and other folks that are trying to bring in and trying to build out the ecosystem so folks can on-ramp off ramp and do different things within here on this next slide and it let me Google or get rid of that drawing is again in perspective of the technology in and of itself but this is really this is a really important slide because of what we discussed go ahead and go over what you want to that I wanted to take a minute on what I think is really important on this particular slide okay well there’s two things that are being talked about one is just the total time it takes or the total transactions per second it can happen I think most people have noticed Bitcoin with seven transactions per second and aetherium with those are good for you know experimenting but it doesn’t scale so you put a big task on to it like for example a big major crowdfunding activity suddenly they clog up and have to start rationing their bandwidth because they can’t get everything done and that’s what’s driven up the price of doing transactions on those networks but generally that’s what you get throughout the industry and if you look way down in the bottom right corner the three little bars are shown in that circle compared to the total capacity that bitch shares brings to the table yeah it’s not even in the same league all those little bars you know that are about the same size as the dash bar over there are stacked up to represent recent stress test that we did that’s not a limit on how much we can handle that’s how many transactions we were able to generate and the system didn’t break a sweat theoretically in the laboratory we have shown that the technology has the capability to go up to , transaction per second if people out there just switch to you know state-of-the-art processors that are commercially available that’ll happen as the actual usage picks up note also by the way someone’s asked about peer players I put a little peer plays symbol on that chart over on the right and area just as a salute to them but yeah they do count to using the same technology as bitshares and steam it enhanced with new features I’ll let you talk about the other circle there Michael yeah you know I I really like this one uh first of all I stand pointed out you know we got seven you know transactions per second transactions per second those are all great but again you cannot replace a global financial system be a global banking alternative even even really do a decent amount of point-of-sale transactions per day at a busy company let’s say Starbucks for instance you know and be able to run on any of these networks Bitcoin Siri or desk you just can’t do it I just I don’t see a way to do it and I’m in e-commerce you know I’ve done this stuff for years I know people who run websites that have you know tens of thousands of transactions per day ease easily when you start adding up one company with , transactions and maybe have a hundred of those companies that have , transactions what’s that do these networks what’s going to happen is exactly what you seen happen in the last days you see large crowd funds icos but it doesn’t matter that it’s ICO you see a large amount of transactions now their fuel these IPOs that are coming people all want to jump in so they’re all pushing all these transactions to these networks but it doesn’t matter what it’s fueled by the ICO is feeling it but what it is in general is always transactions coming through the network just like any other financial network like Visa MasterCard or anybody else and they’re clogging the network and are causing the network to shut down go slow exchanges that are trying to exchange those types of currencies and critical assets unable to trade those assets customer support departments being clogged to the point where there are two three four weeks out in support tickets people sending assets to convert from one to another having those assets hanging ether so to speak but maybe maybe not intended but now it those things happening those things happen big problems I don’t know what’s going on here I got a something that’s not happy those are all issues that you have to address and those are things that I saw Daniel attempt to address years ago at Bitcoin conferences in Austin in Las Vegas and other ones where we brought this up in side table conversations on stage through keynote addresses and these were things that were not taking it seriously when they should have a thing now here’s why and this is the second part of the graph that you see here if you see the cement bitshares section right here this circle what’s really interesting about that is this is peak transactions per day what I think we almost hit either , transactions just on bitshares last week in just one day which was pretty amazing since almost a billion transactions in one day on the good shares Network alone that doesn’t even include steam it boring of the other projects your honor so what you see here is that schema and viscera speak transactions per day totally eclipsed experience and bitshares any of the other crypto assets are out there in fact if you take the top or or even thirty crypto assets and PI on all of their transactions per day together pictures and scene it’s still eclipse them and we can handle all them what that also means that all of these IPOs that are clogging up Syria and everything like that this is pretty crazy to think about but every transactions that’s done and all of the major cryptocurrencies combined plus the I SEOs that are happening on a theorem all the same time could happen on the bitshares network and it not have the congestion that is what this means that is the capability of this network Daniel force saw things like FEMA for instance and I think this is a really great example of an argument for using bitshares graphing blockchain technology for industrial and commercial usage FEMA is a social media platform you know you have facebook on an average day thousand lights per second that’s just like so there’s may include comments as include people posting things as an include tags that include any of that that is just like those are operations or transactions on any sort of network you cannot run a social media network on the other blockchain technologies that are out there you can run it on pictures graphing technology because it’s capable of scaling to one hundred two hundred thousand transactions per second maybe even warm that’s what that’s what what is very important about this slide if you want to be able to have industrial commercial usage if you want to have social media networks if you want to have actual point-of-sale transactions happening on network just imagine you know a thousand different companies using one point-of-sale transaction system you know what would that look like how many transactions are happening per second or per minute that’s a lot of transactions it’s not going to be able to happen on these other technologies maybe they can catch up maybe they can hard for maybe they can do that stuff but these being things these these capabilities the technology that we’ve had referral systems to transactions per second the scalability we’ve had this for three years and it’s been out there tested secure it’s never had a day of downtime this is what’s important and I think this is perfect she shines and if people were able to understand and see this and recognize it for what it is that’s where I think you’re going to see that big jump that’s where you’re going to see that jump that we were talking about on previous slide so okay Michael we’re getting a lot of really great questions here that should have been we should have made this chart a lot busier because it currently we’re leaving out a lot of things I like to quickly run down through here and just give some real bam-bam-bam answers to some of these questions before we continue if you don’t mind if I want to be important okay first question Hiro works the same as bitusd apart than the different interest rate yeah it’s definition is that it grows five percent against the dollar per year since and we’ll talk a little bit more about that coming up but it basically it’s a market pegged asset works just like bitusd and next question is you know what platforms are we going to be advertising on we’ll cover that coming up a little bit although a lot of that is determined by our advertising partner that takes over tomorrow that doesn’t mean I won’t write stuff but they’re going to watch what I write because they want to manage the brand I mean these guys are pros and they have access to every media out there you’ll probably see when the time is right mainstream adds like a Geico ad or something it could happen right now it says we could use a hero to help medical marijuana industry yeah there’s a lot of people in that industry that need a currency that won’t be interfered with you would not believe the number of people Michael talks to on a given week interested in in that so this would be a perfect thing for them to use and let’s see the idea is not to spend BTS so a good thing to go over is how do we get cash to spend anywhere it accepts MasterCard okay I’ll leave that one to you Michael when we get towards the end and then let’s see we’ll just I’ll come back and I don’t want to repeat every one of them until we get I wanted to pick up because some of these will cover in due course that difference between pictures here oh and it’s cerium well the hero is basically a asset type or some type of class on the bitshares Network Hysterium that is its own blockchain networking payment network as well as ether which is its kind of currency on the network bitshares is its own network and also a denomination or currency or share on the network as well kind of like Bitcoin is its own payment network as well as a currency on the network another question some merchants accept Bitcoin which is what makes it so valuable though merchants accept the hero ah very interesting many things to be said about that it turns out that accepting Bitcoin directly is going to become a thing of the past it’s been bitcoins advantage as you’ve indicated but more and more payment systems are abstracting that out and accepting dozens of different currencies so that it doesn’t become necessary for merchants to be aware of what digital currency is being used Michael’s got a company that will load a debit card from any of the main currencies including the hero and you can then just go spend it in debit card anywhere you want you can see that in video com so it doesn’t matter is the bottom line long term that that advantage Bitcoin has it goes away but keep in mind by the time the hero and bit sure is this number one will have that advantage if we ever needed I agree and also it’s maybe not necessarily to be spent to I don’t want to be giving advice on what to do with your money or anything like that me personally I see the hero as something that I would put my money into and keep into I wouldn’t necessarily spend it but I want to spend it I might move some out in to something that would be more expendable but the hero is supposed to appreciate at an average of five percent per year so if I were to be spending it I’m kind of spending my my nest egg that’s appreciating rather than letting it sit there and accrue so I see people as holding the hero more than necessarily spending it but I do also see people you know doing some transactions and I see people holding on to it as a savings more than anything like that but I see other people who talked about accepting it as payment I’ve accepted it already as payment but I didn’t cash it in I saved it so you know I would be willing to accept heroes’s payment for different things and how many people here if you guys know about hero’s would accept a hero think you know let me know because that’s important to us too we’re actually considering paying people in heroes for different asks so you know that’s something that’s important to us what’s the let’s see what are the hair max go ahead yeah that’s what I was going to talk about next what are the drawbacks of the DAC Eugene management issues this is actually an inverted question because if you look at the management issues Bitcoin has it cannot even decide what the blog new block type size ought to be Richard chairs has upgraded many many times during the past few years with new features the community has the authority to decide to do an upgrade and make it happen very quickly so it’s actually an advantage although technically bitcoin is a deck it’s decentralized it’s autonomous and it’s a company whether they realize it or not it’s just a very simple company and it’s unprofitable and it doesn’t have any kind of a management methods now one of the true interesting challenges is to improve management because when you decentralize management you pick up the the lack of immediacy that you know at a dynamic company with Steve Jobs at the head of it who can make an instantaneous decision I don’t get that type of flexibility and so you’re always limited that if you give any system that much power it’ll probably run away with you and become corruptible by some other outside power and using that against you so it’s a compromise but bitshares is actually one of the most successful government systems that you could get and still remain highly decentralized right that’s that is very important and that’s part of this part of the problem I guess and part of this solution that we have here is that we don’t have that central authority we don’t have that one person that can go and just make that decision and there are times that that is really really good you know when you’re worried about corrupt ability and stuff there’s also times when it comes to pivot that you’re not able to do quite as quickly and maybe that’s the next problem that we need to work on solving is how to get the folks that are voting in the delegates and everybody that are on this part of the system to be able to move a little bit faster and in those times be able to vote for initiatives and and workers and things like that and proposals that we put out on the network but that’s also part of the strength of this network is the governance of the network the way that we have governed it the way that it has been governed by the people we don’t always agree with each other and believe me there are definitely some decisions that are made I am NOT the most pleased with because it’s made what I feel is a adoption of bitshares a little bit more difficult that’s my opinion you know and that’s not the overall consensus of the rest of shareholders so I you know I accept to ride that out and hopefully they either see the light or something else changes or something else happens right it’s kind of it’s going to how it works well this next slide a good one because it’s kind of about the guy responsible for a lot of this now there’s a lot of folks that have worked on pictures that are responsible for what it is today absolutely but I think the person that dassault starts with is this guy right here Daniel armor which is Stan’s son and Daniel again if you guys have seen us speak previously but I’m going to just say again that Daniels really owned those guys who impressed me on such an intellectual level the first time I met him and then subsequent conversations at everyone since then I always have value any time I’ve been able to spend with him personally together with him physically or even on any conference calls and we spent a lot of times on conference calls in the past when um bitshares is being developed in the . everything features what I gathered from all those conversations is that he just has this vision there’s so much far beyond the scope of most people what they’re able to see or even care about we’re going to be able to implement work built and he’s able he’s been able to do that over the last few years particularly and I’ve been starting to see a pattern of him stair stepping everything that he’s been trying to do he’s building this out in increments he realizes that you can’t build a whole thing out in one piece he had to build it out in pieces and parts in order to get the whole thing into play and I see what he’s doing now and so Victor’s itself was a was a huge jumping technology if you look at blockchain technology and everything that we’ve discussed so far on this call you see that this bitshares blockchain is the most technologically advanced most scalable for commercial and industrial purposes and in most application technology it just is and this was a few years ago since then he was able to create the steamin platform which is again another technological success it then showcases the ability to have that many transactions per second that in a blockchain that’s not just used for currency or crypto or anything like that and in and of itself with this entire social media network that also has its own asset or currency that rides on it and that in and of itself is huge to to be able to that and make that leak from the bitshares system and the decks that we have to steam it and now te OS which again I believe is going to be on track to be the largest donation and contribution ICO in crypto history it’s going to it’s going to get there I believe it fully it’s only been what five six days out and it’s already in some of the top five or ten that have ever launched and it’s still got another three hundred fifty something days to go so we’ll see what happens I myself am really excited about the advent of that technology and what it’s going to do for bitshares what’s going to do for blockchain technology and the world at the hole Daniel you know and he said this ever since I met him is that you know he and his principles and what is his goals are secure life liberty and property for all freedom you know to make your own choices without third party stepping in or people getting involved and that that was really great and so like I said you know he really impressed me first time we met he talked about everything from flying velocity and technology to the insurance industry entertainment to medical records to you know everything I think we’ve even talked about like DNA sequencing and all sorts of craziness you both this is the stuff that blockchain is capable of and years ago when I met and that’s what turned a light on for me I thought to myself this is way past Bitcoin we’ll wait a minute here I get it now and that’s why I’ve kind of just worked alongside as much as I can to promote bitshares and the understanding of this technology and getting some sort of adoption or usage or anybody that to really understand or shape any sort of course in this so that’s why we’re here and Daniel I mean he he walks the walk and I don’t know what else I could say about him other than he is one extremely smart person that has a lot of convictions too and it’s based not just on his word for his actions and that I can appreciate quite a bit so I’ll quit quit on that slide and can move over this one and this is a good timeline of what he’s done I’ll let you kind of go over this a little bit and then I’ll fill in it through thinking four years ago tomorrow we started a company dan it was the vision behind it he got some investment from a big investor in China within five months on September th Guy Fawkes Day or November th Guy Fawkes Day introduced proto shares which was just a clone a Bitcoin but it was a way for people to own a coin that could then be upgraded to the destination of over time so it was the role ETSI Stiletto yeah it’s it was an early crowd funding mechanism a distribution mechanism where people could mine coins and so a lot of bitshares distribution comes from the same type of mining model as as Bitcoin but within a couple weeks all the big Bitcoin miners were turning their power over onto that day we put a few hiccups in there to make it so they had to modify their code but didn’t take them that long to do that and then suddenly they were sucking up all the proto shares just like they suck up all the Bitcoin and selling them into the market so we came to the understanding very quickly what’s the point if people are selling them into the market why don’t we just sell them into the market and bypass all the mining mythology that even today over half the bitcoins out there are mined by three companies and sold into the market so that’s where we started the trend towards initial coin offerings proud sales that’s where the model that’s being used right now in the eos distribution was first invented in something that was called angel shares at the time which gave people a chance to compete for a small group of shares every day for a hundred a period and so oh this was very cutting edge at the time and now everybody’s doing it but what happened is a year or so later bitch Ares came out and it started running and proving that you could put an exchange on a blockchain not just a coin and a whole smart coin factory for that matter then he went back to the drawing board and decided to accelerate it and a year later came graphene which pitch here is upgraded to and that’s what gave us the Lightspeed performance we’ve been talking about and steam it then pure plays spun off using that technology and now when EOS comes out about a year pitchers will just adopt that technology that’s huge because the other competitors out there are still stuck back saying we can’t upgrade why can’t Bitcoin upgrade to this technology right now because it’s run by miners and the miners make make money and they have a monopoly on it a few big miners so it can’t upgrade to something that would eliminate those miners it’s stuck in the Tar Pits but we don’t have that need to stick with year old technology we have demonstrated a smooth three second upgrade multiple times and that’s what we’ll do a year from now when EOS comes out we’ll do an upgrade to that technology while continuing to keep everybody’s ownership in the in the current system intact not change which is really saying that’s the disagree point is that only son of lot teams have been unable to keep up with changes have been able to keep up with and pivot with what happens in the world and I’m sorry you know it as a business owner and being in business you have to be able to adapt or you will perish that’s just the way it is this years has been able to adapt and continue on and not just adapt but to evolve evolve blockchain technology evolve the way that people market their blockchain businesses even with the ICL model structures that are out there today and can we did why don’t people like seoeon bitshares because they don’t know they don’t know any better that’s one number two you know aetherium is a more widely distributed token so it’s easier for them to potentially you know have distribution but when you have these problems of these ico shutting down entire payment networks you know when is enough enough so I see a lot of people in chat being very upset about Assyrian and about the clogs the congestion incoming it took me five days to get Experian the other day no you know customer service support help or anything like that until it finally came through it’s just because that network congestion stuff it’s really difficult to do business like that so they don’t I don’t think understands and as soon as we start having some high profile icos on bitshares i think you’re going to see a lot of people looking at it and say that’s where I should be at and that’s something I’m working on personally is bringing my profile i ciose to this year’s network over the next six to twelve months I’ve got about fifteen to twenty very very good i SEOs that are lining up and we’re just getting ready to put together the right team we’ve been putting it together now for the last month we’re going to have the right team to start pushing these out on the network in a very thoughtful good marketing campaign of good businesses but yeah now I think we’re going to have to move along because I’ve got about another half hour and then we can leave you answer all the rest of the questions if you want I like to get to the answer a lot of questions excuse me the big elephant the room question a lot of people are asking is if this is so good why aren’t people using it and the answer to that is because we have not had the marketing in place to do it what are the strategic alliances now one thing I will certainly say that clean aetherium have done their homework those teams did make good alliances and as a result they got a lot more adoption our approach has been if we build it they will come and it ought to be clear that building that system is not good enough you’ve got a market it you got to make strategic relationships and we’re finally doing that we finally got a team in place that has brought in an unbelievable number of supporters and investors and marketing power and we’re going to start leveraging that so once we do that we think that we’re going to have all the market liquidity and everything else people expect in order to adopt something the only reason people use the etherium is because it had more raw money sitting inside it they could be spent on the ice ago once we do that same thing that limitation goes away and then people will pick it based on performance we’re seeing people move from ethereum already and so we’ll see that become an avalanche in Cibola there’s actually some of the top bitshares markets out there and you’ll notice that since we look at this hero has appeared in two places those markets are now becoming more popular although they still lack a lot of liquidity that will come once we get some marketing but Swabians been building a bot that will help keep that market making function alive and that will help improve the liquidity and that’s necessary before big sponsors are willing to put a lot of money into it because anybody that has a lot of money doesn’t have time to sit there all day keep adjusting the buy and sell walls we’ve got to get that automated before things will pick up and work as smoothly as we like and that’s coming up in the coming month yes that is coming up in the coming months so we do recognise the need for that and there are two different groups that are going to be using the heroes they’re going to be people who are going to be borrowing or shorting them in existence of speculating a little bit more and taking a little bit more risk for greater rewards and there’s many people who are using the hero to just buy the hero to just have a quote unquote safe-haven you know to sit inside that and to get their percent interest per year and to be comfortable with that so there’s gonna be two groups of people that are there and you know group to where they’re going to be just more concerned with the percent not borrowing or speculating or gambling a little bit more on the market they don’t need to be educated about shorting a hero or collateral ratios or any of that sort of stuff what they need to be educated about and concern with more than anything is just being able to have their money in a safe place that’s accruing interest in a safe way honest money that’s backed by something of value that they can be reasonably assured is going to maintain that value and increase in value and that’s that’s its value prospect for them just as much as a bank try to make a case we’re having a interest rate of less than % on your savings account and people buying it every single day is that average national interest rate this point is zero point two two that is it’s crazy you know when a hero is percent and that I don’t think is a very hard value proposition for people once they understand that they can just put it in there and they see that value rise let’s see so this slide right here what were you doing with on this good – I don’t know we fluctuating market cap so much per day right now it’s it’s hard to keep up with it but you know the point is it sure is is already out there and been there for a long time adding the hero is the thing that can you know basically give it huge new legs because it’s something that we can market to the average person and that’s huge and with that everything else then can build a wrap we build around it and that’s what our marketing campaign can go now because we don’t have to go explain all the technical superiority differences we just talk to people about hey some heroes earn % and have a nice day so we’re leveraging that and that’s what enables this new marketing campaign or coming up with food right okay so on this one you’re going to talk a little bit about smart coin so the hero itself would be what’s determined to be a smart coins people heard about you know smart contracts maybe you may have heard of them smart climbs they may have heard of them maybe not what is a smart way and well okay best friend we start out with a dumb coin bit coin I’m not being purged or ative but bitcoin is a dumb coin it sits there and gets passed around but it doesn’t have any processing inside it it’s just people traded based like a dumb thing so silver or gold whereas a smart coin can be programmed by a smart contract to guarantee a share of another asset that’s put up as collateral to bakit and so you could make the equation be anything so people are talking about a definition that actually oscillates in time for certain applications and in our case the smart coins mostly say this coin is going to track the value of some of the fiat currency like the dollar euro yuan whatever but with the hero it actually closed in a growth factor of % annually and so it’s equation is a little bit more sophisticated and a smart coin is simply something whose value is defined by a smart contract in terms of another asset that backs it that’s interesting I know I am the next one we’re going to shoot some more about the hero and how the value is determined and all of that on this slide you know that what’s really cool about this is that you do get to see the usage of smart coins catching on quite a bit and the orange one is bit CNY so it’s actually Chinese currency right that’s that’s paid to the Chinese yon right and so if there is their reviews I mean they’re very pointing I into that that’s I mean I got a screen over here at some point but you see a lot of bit USD see bit see and why you see some euros but you I mean you see a huge spike in the last is this is this weekly here yes right every week for sure yeah thatis that is crazy I it has an absolutely crazy and you do see a live volume I started checking the volume of the market I’m using and there’s quite a lot of people that are putting money into become our coins because they are paid to the same currency that they’re used to so that is another value proposition people know what gold is or euros USD they could put their cryptocurrency into something like that that’s easier for mass adoption this is something that we were arguing in Las Vegas and Austin about price table crypto currencies when we I said I remember sitting there watching Daniel talk about unveiling bitusd and holding the pig steady and it was so funny I watched a video the other day and I was thinking about Erica da audience when this was going on and some people know I didn’t got it a lot more of them could not wrap their minds around how a cryptocurrency could have a stable value and it still to this day I see people getting to this look on their face like how is it possible so I think it’s possible through a smart coin to respond contract and through what we built right years ago here so this is a good example right here display which is the hero this is a smart coin with certain capabilities you’ve got bitusd pages of press the US dollar of value of the US dollar figure Oh same thing big gold pay the price of gold gold gold goes up and down that coin where that token goes up and down with it right so that is that it’s a smart coin bit Bitcoin value is determined by the market if you traded it any value for smart or it’s a dumb coin right does it have any sort of capabilities or values or anything like that what is different about the hero from a smart coin of like a bit USD to what we’ve got with the hero farmer well you know the big thing about the hero if you look at this chart you’ve seen the part done at the bottom it shows how the dollar has decayed because of people printing money but a reserve took over in and has been steadily eroding it ever since if we define the hero as starting the same day the Federal Reserve took over December a date that will live in infamy and instead you said ok we’re going to grow at % every year relative to the dollar what you see there in that upper curve is what the hero would have done if we had started it at that time and in fact that is its defined value today which is upwards of one hundred and fifty five dollars or something on the market right now because it’s defined to have grown along this path and so it doesn’t mean that its purchasing power doesn’t go up and down but it’s biased towards growth and that was the innovation that we put into the equation to make the hero attractive to the masses because if the choice is to hold dollars or to hold the hero and I think we can sell that as a better thing to do and that is the giant sucking sound that moves Fiat into the bitshares ecosystem I really agree with that too when when finally clear for people you will hear and I heard you say that before a million times it makes me laugh every time the giant sucking sound going anywhere ecosystem you know that that’s what I want to hear that’s what I’m really compared for and that’s you know so the value of the US dollar now is like what was like and some change it goes up a little bit every day because of the way that this formula works the value in and of itself is supposed to continue to rise up every day so people I see questioning here saying how the bikes and interest rate relate to a coin that will probably have a large trading range buying best now it seems the coin would write farm prices totally dominate % not sure what % is related to pike centrality to the value of the US dollar so % what one of the things that the % does is define what the force settlement value is yeah and and that’s the only thing that is fixed is the price that you can force the system to cough up that many bitshares at that price yes it can fluctuate around that with supply and demand and as supply and demand grows that should become more stable but not absolutely stable because if there’s more supply than there is demand the price will sag and it’ll also grow but you always have a point of reference of what’s backing it and that’s the key what is backing it is bit shares that are held in escrow on the system and the system promises that if you want to within hours you can cash it in from the system you don’t need to find a buyer you can cash it in from the system for that specified price and that specified price is what grows at % right that’s that’s really important parts of this actually so I’m glad you mentioned that is that they don’t have to find a buyer they can settle out whatever they want to holding that geared up for bitshares and that’s a valuable asset as they can go trade they can go spend they can go load into their bank account what with their debit card using the remedial service that we have or there’s other ways to do it so this is something that and actually be able to get the money relatively quickly too so that’s let’s see why not market the hero to exchanges as US dollar alternative that’s probably what’s going to happen here after we get more volume and some usage out of it and more and more people holding it we’re going to hopefully see other exchanges not just picture this changes maybe some other ones participating in that because they see the value of holding those heroes because even those exchanges can participate and getting that extra % but if they want to let’s kind of go on to a little bit more site I know you’re under some tyson straits here so we’re now we’ve talked about two different kind of camps for for the hero the savers who just buy the hero’s so they have something that is accruing it at a reasonable rate of appreciation five percent what are what are we looking at right here which is i think the other group of people that speculators i’m really really happy with this chart because i finally found a way to explain this it’s not complicated at all well you all know how to get a home equity loan you go to the bank you give them the deed to your house and they lend you money and if you don’t pay it back they take your house easy peasy right we just found a way to take that loan if you will and loan it in the form of a coin called the hero and we instead of giving the lead to your house to the bank you give them control of your bitshares so you still own them just like you still own your house but they’re locked up as backing for the loan you took out and the loan is in the form of this new coin with all these wonderful properties we’re talking about and you can go spend it and when you spend it it circulates just like another coin backed by your equity which is locked up so that if somebody needs to ever cash it out they can and the rest of the system is just the blockchain managing that banking function of locking up escrow and putting a coin back by that escrow in the circulation now in the event that bitshares double in value when the time comes to pay off your loan you’re only going to need to have as many of them to pay it off and so you go out on the market you buy a hero for half price because the coins of herbage shares have gone up by double let’s say and that you got it for half price you can go pay off your loan and guess what you just made it appreciation that’s the same thing people do when they take out a mortgage on their house and then they come back ten years later and find the housing prices have doubled and they pay off their house with cheaper money and that’s all profit and that is the motivation for people to borrow because they think the cherries is going to go up of course if you take and sell your coin in order to buy you know cases a beer or more batarus whatever you want to spend it on and if the chairs goes down now it’s going to cost you twice as much to buy that hero back so you can pay off your loan that’s just like the housing market collapsing and leaving you stuck with a difficult time paying off your loan so all we did is make that an automated process and what the hero becomes is something back buy assets stock in the bank if you will in this case the by tears Network and now you know if you were backing it was gold in a bulk how do we really know that there’s gold in Fort Knox or that a bank hasn’t sold that gold gold to five different people or a fractional reserve eight or whatever in the bitshares system you can see that every one of those heroes is backed up by at least twice the value of it so that when the time comes to cash it out you get a full hero’s worth of those pictures that you can sell and the person who took out the loan gets the rest which hopefully will make a profit but if not they take the risk the holder of the hero doesn’t take the risk and so it allows two kinds of people someone who wants to bet on bitshares going up they take one side of the bed and the other person says I don’t want to risk it going down so they hold the heroes and they just swap what the benefits are the two points buy a smart contract that is enforced without any counterparties yeah yeah pretty much um welcome question to this infamy it’s a preteen five percent well the five percent comes out of the settlement cost if we just sit statically and let’s say the cheers doesn’t fluctuate and I took out a loan when I have to go pay that off the value of the hero has gone up a five percent over a course of a year that means that the escrow I set aside is going to not going to have to use an extra five percent of it to pay it off and I would have when I first did it I’m counting when I do that that I can grow faster than five percent the bitshares will go faster than five percent and in particular we’re saying a factor of , like Bitcoin theorem have done and so if we can show our plan to make it grow that fast a lot of people will want to issue the heroes and that will make a big supply available to people who are retirees who just want to secure savings and when those retirees spend them they just transfer to someone else with loan stays in existence when someone wants to force cash it out they can do that but by then the back people who took that that I’m making is it will have grown more than two and a half percent remember to double the amount packing it so you don’t have to go two and a half percent to get enough to pay the five percent right so it’s a pretty good bet that it’ll grow two and a half percent not guaranteed and we see examples if you look on a very narrow time window where you could go backwards so you want to make sure that you have extra collateral put aside and we’ll talk about that a little bit right that’s that’s important stuff so again if speculators are betting on the value of pictures rising enough to cover that % and then some that’s really what what’s going on there okay so that answers a big question because a lot people have that too let’s see here so he says is this % times the current value of the US dollar five percent regardless of the current value of the US dollar is five percent at the u.s. dollar at since then plus five percent Acy so if the value of dollar plunges the value of the US dollar plunges right now half of what it’s worth in the euro is going to be worth half of what the US dollar is worth from up until this point so if let’s say it’s worth six right now be worth half of that pretty much right it’s not because it’s defined in how many dollars you get and if dollars worth half as much then your values half as much the hero is not guaranteeing that if the dollar collapses it won’t follow it down though this collapse five percent less but in general during normal times the hero is useful for canceling out inflation and in the event that the dollar collapses guess what people who issued the hero make out because they they’re the ones that get the benefit of a collapsing dollar so I was going to actually mention I did see a lot of folks but basically borrow a bunch of heroes into existence when the price of pictures was a lot higher and then I saw them selling them at a premium when bitch your started going down I saw the heroes go up in value they went up from whenever I think they were like I’m $ or something like that when pitchers would continuing to go up and I saw people buy them for dollars ever a hero so people were making $ per hero just on those sales when the market turns so even the speculators who borrow those is the indie existence took that risk they flip that risk back over and made money on the downstream yeah of course they’re taking the risk if it keeps on going down sooner or later they’ll get margin called and you know have to pay the piper but if they’ve got adequate backing behind it they can weather the storm and if their long term bullish they can make money on both sides of that because anytime the market is dropping the hero is rising because people want it as a place to weather the storm and right now because we’re just starting it weren’t enough to go around so people were fighting over them and that means of premium price habits here’s an example of levels of risk because sometimes people I don’t really understand what why they’re buying things and so we’ve seen some fluctuations just because we didn’t do a good enough job of explaining it to people so let me try to remedy that here there’s several different levels in this contest we have by the way no purchase is necessary you can play the game that we’re going to be talking about and earn free Rose which is just a dumb coin that we’ve created that allows you to earn points for doing certain things in the contest and those help those count towards winning the contest but not as much as some of these other things the things that are higher risk gets you more points and require greater expertise if you’re playing in the contest so buying a hero is a pretty lowest thing to do because it’s backed by twice its value in pitchers at least and backed by the the entire platform with no counterparty risk so you can buy that if you’re a retired person and it’ll be you know it’s not completely risk reading the whole world could collapse and and the dollar could collapse and things can happen but in general in the whole digital currency space the hero is remarkably safe by comparison to say buying Bitcoin which could fall in half any given day it’s been more stable cently but it could the next step up is if you’re recognizing the fact that we’re putting a contest in place specifically intended to cause people to learn about the hero and pitchers and anytime someone buys a hero it’s putting demand for someone to buy bitshares to make another one to replace it so everything we’re doing is driving is intended to drive the bitshares up by factors of in the coming year or two and so buying bitters and just holding it don’t anything fancy if you’re not an expert you’ll have to clear up to the next stage but just holding pictures it’s got flexibility we’ve seen it go way up past and we’ve seen it come back down with a half % correction yeah that can happen but over time we think that’s a good bet if you can stand the volatility in the meantime and then at the ultimate high level if you’re an expert you can borrow heroes into existence and use them to buy more pictures and that gives you leverage double the risk but you know a chance to really make out good but you got to pay attention to it and we got to discourage people from doing that if they don’t know what they’re doing just stick with one of the lower levels all of those things will contribute to scoring points and notice that you’re not giving your money to anybody else you’re just building your savings account up with a basket of these different kinds of assets and holding it as your savings account you always control it the only thing the contest does is give you credit for doing responsible things learning how to use our system and that controls who wins the ultimate prize which charity or other good cause wins but you’re not actually extending any resources to us or to that cause you’re just saving it and getting credit you get to determine which cause gets credit for you being responsible mm-hmm I think those are those are great points to an a that’s a great way to explain the natural progression of understanding for some of the folks that are out there that are in the crypto world or understand a lot of that is just getting a free ro you know buying a hero buying some good shares and a piece of actual network and shares in a network and it actually leveraging those and getting some heroes borrowing the existence showing into somebody else or keeping them or using Leafly mortgage shares or whatever they’re going to do with them um this is the this is a slide that you really like which explains kind of what you just talked about with either a person a company and I vo anyway regular a team of celebrities that are competing for a billion dollar prize perhaps something like that can use this method of what you just explained so you want to just do a quick run out of this slide right here an explanation of it you kind of did just a moment ago but this is a good visual of it yeah and I’m going to do it very quickly because I got five more minutes but this is just saying that you know we’ve talked about doing one little operation but if you set it up so that you have a stream either savings from your paycheck a certain amount every week or if a company has a profit stream or whatever if you do that on a regular basis then basically that stream gets used to purchase pictures which could lock up in escrow and you borrow against that stream to just fund whatever you’re doing you know to pay your mortgage or to pay your employees or whatever so we’re working with a lot of startups on this model where the investment dollars come in and get locked up in bitshares ESCO and they borrow against that to fund their company meanwhile the it’s causing buying pressure on pitchers which makes the chairs go up in value so that they never actually spend the company’s equity that equity is growing and every other company in our incubator doing that same thing is all causing benefit every other company and part of the contest is to get everybody in the world doing that so to go to the next chart and look at the you know yeah look at a imagine every company and every person out there is got some revenue stream going in there into their savings plan and they’re spending heroes into circulation those heroes are backed by a growing value of bitshares and that is the you know virtuous cycle that causes bitshares to be biased towards always going and more we’ll do this the more heroes are taken out of circulation the more valuable they become and the less risky it becomes to do that borrowing heroes and shorting them into into circulation so we’re out there with this contest encouraging and trying to get everybody in the world we won’t get them all some people just won’t want to do something that complicated but a whole lot of companies we’re working with will do that and that’s how we buy us pictures towards growth and that’s how we get to the likely event that we can do the growth to a billion dollars from a million dollars in less time than it took Bitcoin in this area I got so look at the very top left corner the hero backed by bitshares bitshares are backed by business we’re trying to work to get a lot of businesses buying pictures in this model so that they get lots of growth themselves and that’s what backs that share is to make sure it grows so that the hero can be generated safely by lots of people all right so could anybody from like you to somebody just taking some savings you know other normal paychecks be you know companies that have existing revenues or existing businesses can be people who are doing ICS or crowdfunder anything like that you take funds that are putting in their five bitshares not spend their VIP shares they still own them generate heroes to them pay for their stuff buy more bitshares increase your investment leverage or whatever is there looking to do but be able to still hold those assets and as they’re increasing in value take more of a loan or take more of Heroes out or decrease the amount of collateral they have in their of their investment right and so they be able to decrease that down okay so these are all these are all really great points that that you’re covering right here so we’re throwing a contest and we’ve got four minutes so we’ve got a billion hero challenges is what the contest is and let’s explain how this works so there’s a billion dollars in and we’re breaking it down to twelve different teams are going to get a payout when we hit a billion dollars credit that’s correct and that’s that’s measured by a weighted sum of all the members of each team you can join a team by simply pointing your up proxy link to the account of your team leader and that team leader gets credit for doesn’t get your money just gets credit for how much of the different things you’ve done how many heroes do you have how many have you shorted how many bitshares you own and how many of the free rows have you accumulated by participating in different ways to earn free rows that probably will create a little market for the pre row of people who earn them and so the people who want them for the contest reasons who knows what will happen there but that’s just another little side issue like that when the final value of that prize money which will get put in place probably tonight at midnight grows from a million dollars to a billion dollars then whoever is in st through th place in that scoring mechanism will be issued those that amount of bitshares for the cause that they have been championing so their job is to get as many of their followers as possible to participate so that not only do the followers gain their own knowledge and and savings but their team gets a chance at chunks of change that they can spend on something that those team members care about ok so that and that’s a billion dollars we’re giving away here and definitely be seeded by how much is that going to be seeded or what where’s that money coming from well what we did was we picked a point during the past month where we crossed for the first time a x growth from our minimums we started out a couple months ago with the chairs worth a third of a cent okay and when it reached a third of a dollar back on June th we lock that in and said guess what we’re not going to that first x growth we’re going to start the contest there we’re going to put three million bitshares at cents into a kitty it was worth a million dollars at that time it’s come down a little bit since then but that’s okay we have to climb clear up to a thousand times that cents so that’s three hundred and thirty three dollars is what bitshares will be worth when the contest is over and if we can do it faster than bitshares that’s probably faster than aetherium in Bitcoin that’s probably sometime this decade that the prize will be ordered I agree you put it in perspective hitting three hundred dollars for crypto it’s not that difficult that’s going to happen several times now so in the doable entirely doable especially when you’ve got an initiative behind you so speaking of initiatives we’ve got a bunch of different folks that you have been tirelessly if you’re working it and networking and moving and shaking and I’ve done a little bit of work on this too but you’ve definitely been all over the place working on this and this is fantastic stuff so we’ve been putting together what we’d like to call our hero makers but anybody can be a hero maker anybody can be a hero anybody can participate in this you do not have to be rich famous good-looking although all of those things you help so these folks are what are they doing out here and how are they helping us achieve this billion dollar prize well each one of these persons has a group of fans or followers or a network of friends that they think that they can a list toward some cause they believe in and that their friends believe in I’ll publish an article tomorrow that talks about who these people are but some of them are very famous super respected people some are controversial some are unknown I selected those just to give you a sampling of the variability but since anybody can lead a team even five has put out a post on statement to lead a team and so over time I’m we’re not trying to bias gook and then we’re just getting a few leaders to sign up to get it started they could win or somebody could come out of nowhere and win it and we don’t want to constrain who can win it whether they’re the saint or a sinner is not the issue it’s can they get enough supporters to vote for them to be one of the winners and will will let it go at that Brian Williams is a guy that’s got a big plan like that to bring a lot of his friends together to do concerts and all their fans will be recruited into his plan that’s just an example of one guy’s job yeah I do not drive one of the teams right we’ve got a lot of teams but the city so he what he’s doing is he’s putting together a lot of other influencers that he can use and leverage and work with to win this challenge faster and so I think we’re going to see other people and influencers like that aligning to be able to do the same thing and this is a really good example because you see a lot of people who are you probably recognize pictures on here yes all right cool and so this right here is going to be an example I see this is an example of the hero to the pictures market right now correct where did I lose Stan here oh I didn’t stand all right so so questions Glen shoot me any questions that you have right now we dressed quite a few of them but if there’s any of them on here that I can jump on let me know and may have been lost yeah he did have to go so if you just mention that previously uh so this is an example right here of the hero market as you can see right here the big-haired X is a little interesting you know folks are using and starting to get used to it but like anything else to work in progress markets are always going to fluctuate and as I mentioned be able day now I’m sorry just go just a little bit ago yeah and the other day when I changed some folks when you see the pictures market go down and you saw the hero jump and value and it did stabilized after a little while but people were jumping over and moving into it as a way to shelter the storm and way to shelter the downturn in good shares somebody asked a question uh am I worried about the bitshares price up and down or whatever it’s done recently no I’m not really too concerned with the the value or the price movement of pictures before the launch of the Hero competition just because it’s July th does not mean that everything’s going to happen all on that day and that’s just the beginning in the launch the start of the competition we anticipate this competition could be anywhere from months to maybe even a couple of years long we don’t really know what we do know is that we’re going to continue to fly around to teach to educate to get more hero makers and other influencers involved I’m speaking at several engagements this month and next month on blockchain and crypto currencies so I’ve got a lot of media interviews scheduled and I’m working out more of them right now so we’re going to be getting the word out on this but we need all of your health just as much to either make markets if you want to speculate to educate other people about this to show folks how easy it is to just be able to save some of their assets in something like a hero or bit yesterday anything but this is about the hero challenge in general and being able to give away this money we are putting that money into escrow with the intention of giving it all away when we hit the billion dollars you know we don’t want the billion dollars we want to give to other people the whole reason why we’re doing this hero challenge is to get people to understand the technology somewhat but some of them aren’t going to understand that more so it’s going people to have confidence in digital currencies crypto currencies and what value they can offer them once they get that and have that aha moment like a lot of other folks that had on here like all of us did not start out knowing as much as we know about cryptocurrency and blockchain but we all had that one moment where we started dabbling and then the light turned on and that’s what we need to get a lot of these are the folks understand to it that they can put their value in something other than us bankers Bank of America and get interest off of it and have it be safe and also be able to move around if they understand those concepts which they do and understand the ease of use by it it was going to succeed Stan and I have lots of plans as we go along there to hero initiative moved forward with the company here anomic we plan on creating a much easier to use wallet we plan on other initiatives we have marketing funnels that we’re creating with our PR marketing firm out in New York right now and you’re going to be seeing a lot of that as we go along let’s see here any plans to create a customized hero bit Cheers you interface yes absolutely we did we are creating bus right now to increase liquidity standard mention that Fabien Zurich you guys know him as on the forum he’s working on those software bots for liquidity as soon as they’re ready to rock we will have them out and going the only way to get a hero coin by borrowing against or can we use bitusd you can only get it by using bitshares right now you can get a hero coin by either borrowing it using the chairs or by buying it using anything you can buy it with the USD if you want to and then you can settle it and get bitchy chairs for it so does that answer your question I hope it does so I mean if you want to tune that sequence you have it USD you could just buy a hero and then settle it out so see how it does the price shift for hero if bit BTS go up does a hero goes down it’s possible and if you saw the pictures go up the value of the hero kind of did go down in that people we’re creating a lot of heroes and selling them and as with anything else in the market as they start selling them they’re going to start undercutting each other more and more and more in order to get that hero’s sold eventually pushes the price down that price pressure but if you just hold out if you want to wait for a little bit it’s almost always stabilized and remember the hero has just started this whole thing it’s a smart coin it’s going to hold its capabilities only we can’t be responsible for what people do in the market just if you know people make crazy decisions see how does the price shift for the hero okay we can stretch that is there currently enough liquidity you buy heroes and current market I believe there is but again I would like to get these BOTS out there before we get a lot of speculators really getting out there and borrowing heroes into existence I’m just going to say this and again I don’t get I’m not giving investment advice or anything like that if you’ve got to be borrowing heroes in the existence for anything right now you’re going to be one of those Trailblazers just make sure you watch your collateral level ever you know I say every eight to twelve hours if you can just take a quick look and adjust accordingly to make sure that you’re comfortable if you’ve got a large pool of bitshares and you’re in this for long term in its win it game for bitter spin it shouldn’t be a big deal to add collateral I myself am doing that I’m in it to win it I don’t sell my good shares I never have I’ve got a lot of them and I really care about the ecosystem in and of itself I want to grow it you know and so whatever it takes for me to have to do that I’m going to be doing that and most people that are shorting these and doing it believe the same thing based on conversations that we’ve had with them but if you care about this contest you will just learn about the heroes about about borrowing and buying them about how it works Anna Kate other people you know refer people to the bitshares system and get the referral fee that you get for using good shares you know you get referral fees for that stuff it’s great and then I help them with the challenge or be a leader just like some of the folks on our forum I’ve already started getting referrals and building out their teams you know this is all work in progress you don’t have to be have a team and be ready to rock tomorrow you guys can still work on this for the next several weeks or months and make this happen let’s see here we plan to create a simplified wallet to buy the hero yes we do have plans to create a simplified wallet spy to hero the wall is the average wallet a little complicated I absolutely do agree I’ve been saying that for a very very long time and so we do plan on doing that I I would love to see you know bitshares initiative of a worker proposal to create a more simplified wallet for richer community in general but we do plan on doing that for the hero either way unless somebody steps up in the victory community and does it and we could assist in some sort of way or help pay for it that’s an option – we’re opening it pretty much anything right now to grow this because our overall goal as with anything is to grow pictures technology network understanding of it and the uses and use cases of it from both the best about use cases of victory technology we can point to niche areas we’ve put to steam peer plays all of those are great use cases most of them are working you know companies with market cap values of at least two three hundred million dollars and up over half a billion dollars maybe even pictures over billion about two weeks ago it’s a little bit under right now but that’s pretty impressive stuff for companies that just started within the last couple of years being worth that much one where’s the forum so I can follow the forum is bitshares talk org bitshares Tosca organ just google it you’ll find it there any other questions folks and then I will cut this off string now spin and I will plan on doing some more of these we may even get into the wallet and actually do some borrowing and trading of heroes so you guys can see it live in action as we go along but again we are going to have a replay of this in a couple of hours I’ll be answering questions in a chat you guys have me feel free to ask them in there I’ll be answering them I would really like all you folks to just send as many people as you can to this reporting if you if you’d like to – the link to register for it and we will be doing a replay again probably in about a week or so after in the United States I know not every merica here absolutely fact more non Americans probably than not but there’s a lot of people out there me mailing this out to a mailing list of about , people as well as dropping it into some cryptocurrency groups on LinkedIn and Facebook them and members up that will be getting subtraction on here so I would really like to get feedback on this presentation folks is anything that you think we can add some folks that they’d like to see us update the smart coin slides will update that we’ve actually updated it three times and you have to continue to update it but we’d like to really jump on and do whatever we can to help you guys out that in either educating others answering your questions make sure you join our telegram channel we have the bitshares dex channel which we’re Stan and I are on there all the time anyways but we also have a specific channel for the hero I’ll actually drop down to chat right now here we just go ahead and pause my screens and I will beat you guys a link to the hero channel this link right here drop that out to the entire audience as well as a link to the website where you can learn more about this hero and about the initiative we will be revamping the website to reflect some of the changes and just you know some overall a housekeeping looks a branding style based on what our PR agency is saying if anybody wants to put in for doing web breezes either web redesign or user interface for the wallet for a hero or for pictures in general private message me a on well we’ll say on telegram here and make it my info I’ll see you guys on here right now let’s see here this is my username on telegram feel free to private message me on there if you feel like you can contribute to the hero initiative if you think that you can be a hero maker or form a team I’d love to talk to you Stan and I will help you out in any way you can if you folks think you could help with the user interface or with web design or anything like that be willing to talk about that because we’re very serious about making this happen anyways I really appreciate you all for being on here thank you very very very much for being on and asking all the smart questions we do have quite a few folks on here for me advertising it nowhere near as much as usual I really wanted to make sure that we did this presentation to dis answers based questions give me standards only second time we’ve actually even done this presentation so there you go and we really want to again educate and show folks how to use this all of your feedback is taking into consideration everything you’ve been writing in here everything you guys stay on the telegram forum if you have anything specific for Stan a nice private message us on there let us know I really do like the feedback we do consider all of it and it is in our best interest at the end of the day whether you agree or don’t agree with how we do things or our initiatives or anything like that all we do really care about is big shared system the technology the community and growing it into what it deserves to be that’s it and however we have to to get there is you know Stan and I are are getting there one way or another so the train is leaving the station as tomorrow this an issue is starting and I hope y’all join and help grow it to be what it needs to be thanks a lot folks appreciate it spring some of the comments all right I will leave the comments section open here for about another five more minutes you guys want to give us any other feedback let us know what you thought about the presentation and send anybody and everybody to this to register for this I will have a replay on this presentation that they’ll be able to access anytime anywhere after this evening so anybody that wants to see the replay and get notifications about it and be able to have access to it just have them register for this web seminar all right thanks folks have a good time and appreciate it take care bye

https://videoblogsite.com/the-hero-what-is-the-billion-dollar-hero-challenge-bitshares/

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The HERO – What is The Billion Dollar Hero Challenge? – Bitshares

This video, https://www.youtube.com/watch?v=VxCn4j2JOtY, can also be seen at https://www.youtube.com/channel/UCASo8I7HjXn6ypM2vkF7xqg.

Hi everybody I’m Michael and I’ve got Stan Larimer here from Krypton ohmic and bitshares and we’re here to talk about its exciting new initiative that we’ve got going on called the hero challenge or I guess more so it’s more like the billion dollar prize challenge and I think we’re going to explain what this is and everything here in just a minute but you want to say hi to everybody real quick Stan hello everybody great to be here everybody now we’re going to talk about the hero or well I guess what is the hero first of all Stan where’s the hero to you well what we’ve done is we’ve produced a new coin using the chairs capabilities that should be of great interest to ordinary people right now a lot of people get excited about digital currencies are pretty much either you know people who like technology or people who have a special use case but the RV’s consumer now they haven’t seen a reason to do it just yet but we wanted to produce a currency that was more likely to be interesting of interest to the average person and the average person out there would like to have something that works a lot better than the banking system like to have something that make is stable and doesn’t put it a lot of risk on them in terms of volatility because most people don’t like to play the markets and help me to give them a nice stable % ready to return because that’s something people just can’t get these days when I was a kid I could put my money from mowing lawns into a passbook savings account learned % and like to return to that day and so we created a coin that does exactly that and that’s the one we’re going to mark market to the mainstream and what you’re hearing today is our plans to take it to the mainstream which quite frankly is about a hundred times maybe the market than the current market that we’ve been playing it right and so you know even though the coin it says honest money for heroic enterprises and I think that’s a really great tagline for what the hero is and just in just a quick little description and a little nutshell you know and so people will say what are you II need my honest money well that’s a really good question I guess we could talk about what dishonest money is like money that tends to lose value over time because governments print too much of it oh that’s pretty dishonest and the fact that money gets interfere dwith all along the way when you try to send it to somebody you don’t have the freedom that you would have just reaching in your pocket and pulling out a coin and handing it physically to somebody we’ve lost that when we try to interact with people around the planet so this particular honest money is money that can’t be taken from you it’s on a blockchain where no one else can get it it’s one that’s not backed by a potential fiction either public debt or in some cases theoretically gold that may or may not be present somewhere yes purple money is money that you actually can verify as backing because the backing is equity of the blockchain company that’s running it I think that’s a really important part to this entire thing and I think to selling this on consumers and people who are not crypto savvy in general is that this is something that has backing once I think most people understand the way that our current monetary and banking systems work and they don’t have to have a high level understanding just enough to understand it it’s based on fiction as you just said and there is not a lot backing what they have in their pockets were spending their confidence level would plummet in that system the more and more they do and I see it whenever somebody actually begins to understand that this is a little different in that there is a value behind it and people can assess that value and I think that is really important because I have the confidence in it and folks that are watching this right now please feel free to give us your tape – because I want to know what’s important to you when you see the hero when you think about bitshares when you think about this system that you’ve got at your fingertips that you can use to now take control of your finances take control of your personal assets as a global banking alternative of sorts what is important to you about what what do you want to use it for those are the things that we need to know and understand so when Stan and I go out there market this and we push this hero challenge we talk to people about it and how to use it we’re able to talk to them about what’s important so that’s that’s really great stuff so I’m going to actually go to the next slide because I think that’s important – it is a million two billion dollar club who’s in that club now right – that’s a kind of important thing we’ve got Bitcoin you know hit the billion dollar market cap Club is up and what we’re referring to here and then etherium did and in bitshares it’s a billion dollar market cap Club which is unrelated but that’s not what I mean by this that’s right that it’s called the million two billion Club okay basically swimming if you had a wallet that had a million dollars worth of Bitcoin in it a few years ago that wallet would be worth a billion dollars now can he get hurt Bitcoin was the first to take millionaires and make them billionaires yeah of course if you had a thousand dollars you had a million dollars too so it’s a scale to anything it took Bitcoin three years to achieve that which you know is pretty amazing you know what a rate of return from a million to a billion but still there hams on track they’re not quite having done a million to a billion but they’re pretty close and could make it inside of two years if they get it done by the end of the summer so they’re they’re not technically in the million billion club yet but they’re pretty darn close and so we looked at bitshares and said we’ll wait a minute there’s a couple things here yeah if Bitcoin and aetherium did it with the things they’ve got going for them and as we’ll show in this conversation we got a whole lot more going for pictures than they do then one would ask why wouldn’t we expect the chairs to do that same thing if bitshares does do that same thing and we can sort of say yeah I think that’s really likely then why don’t we build an entire marketing campaign around the fact that hey that could probably happen and has happened without such a marketing campaign with Bitcoin and probably aetherium why not build a marketing campaign that assumes that will happen and put a billion dollar prize out at the end of it so that it becomes a self-fulfilling prophecy and that is the idea that you know inspired everything that we’re talking about here because we can prove that coins do this we can show people that we’re better positioned than either of those two were before they did it and we’re putting a marketing campaign behind it that is unequaled in the industry yeah I agree um it is interesting watching the Bitcoin jumping in-you theorems up and now you know here we are at the presses the technology as you just said it’s completely different you know we’ve been I believe more advanced in the other two that we’ve been talking about quite a long time but we’ve been under the radar you know there’s a lot of folks that have heard about it and have built some companies on it and we’ll talk about then here on the next slide so on this line right here in and I’ll let you kind of explain a little bit to it but that little bump that you see right there is now this is actually Bitcoin market cap and their timeline of value right that we’re looking at right here yeah this is Bitcoin and we’re pointing to events in the life of pictures that seem to fit what bitcoin is doing and that little tiny blip that we looked at if you blow that up looks like what happened Bitcoin back in April of Levin went from nine million up to million and then settled back down to about heck hey does that look familiar in terms of what happens every time there’s a big run-up and then things coming back down to maybe half scale I’ve heard a lot of chatter on our community it was really excited during the run-up that we just experienced around June th where we had a boom like the one that you see over there in the second side the first boom just went up to in some million at the time we looked at it in May and now we’re Michael’s touch highlighting you see that we’ve already had our go above a billion in back down to half a billion so people who are concerned about what’s happening hey just look historically what happens when we get these different booms then there’s always a recalibration and back up to the next site so you know if you’re a day trader well okay plan on that but if you’re a person who doesn’t want to take that risk just look at where we are and that’s what we’re saying well heck this coin did that without a global marketing campaign we’re going to do that and one other thing we have is quite a few very large investors who are behind us this time just ready to jump in so there are a lot of different things contributing to our ability to pretty much count on being able to do what the other two have done and those are kinds of things we’ll talk about here today right and that Ben is very interesting stuff i remember i got into bitcoin right around this area right around here but I remember this jump definitely because I was heavily involved in Bitcoin at that time everything Simpson has just been really amazing two point we’re now bitcoins you know what’s waiting anywhere between to almost $, coin absolutely insane you know a theory on copying over $ several times $ and bits here pushing over a billion dollar market cap multiple times the last month I’m just kind of testing the water and I do believe that we’re about to see from this blip like you said in June of that we just experienced right here which is where we’re at to see this big jump and that’s going to be really exciting stuff is I think this is where we’re at right right in this section right here so really exciting thing about that I’ll just mention is all that all that happened just on its own merits not due to our campaign our campaign doesn’t start till tomorrow so everything I’m talking about here would have presumably happened anyway there’s a few of you who may have bought based upon us leaking to you what’s happening but in general the rest of the world hasn’t seen this has no clue what’s coming and that much happened already on its own so cake benadryl kheh absolutely so on this screen and I really like this one because it puts into context the technological capabilities of what we’re talking about we got over here I’m going to highlight this and if you want to just go through it we’ve got Bitcoin right here and they’re they’re worth the most right now in terms of market cap and awesome value corn quote and you got a steering right here and what’s the correlation is I think this section right here right which is the speed of transactions yeah if there am is transactions per second Bitcoin is about three to four maybe maxing out at seven and so I put them over there sort of on a scale of you know Bitcoin is how fast can you walk if they’re in yeah maybe how fast can a horse run and then clear over off the chart the various technologies that that on our block chains bitch air is steam and you know EOS is shown I probably should have shown it clear off the right-hand my speed of a board cube or something I don’t know but it would you know it obviously allow us to scale to where the right-hand axis becomes meaningless because there is no limit but the real question I want to ask everybody is you’re so used to thinking of number one being based on the metric of market cap okay but certainly competitions of all types just look at the Olympics there’s all kinds of games where different things become what the competitions in my competition comes to the ability to scale they and all the world’s transactions the technologies we see along the bottom x-axis there are the ones that as far as I’m concerned determines who’s not who’s number one not not the instantaneous market cap that might tell you the market cap rate is a an indication of past history it doesn’t really tell you anything about the future or not much what tell you about the future is the x-axis in terms of what is the performance of different systems so I would argue that the technology is that we’re promoting are number one and Bitcoin is you know clear back at the beginning and as I’ve always said I salute Henry Ford for developing the Model T but don’t drive Model T’s anymore if I’ve got a starship I can take absolutely and that’s that’s a really good point that puts it into a very good context I think for a lot of people when I heard you say that the first time I kind of chuckled a little bit but it’s so true enm thank you Henry Ford II now and take you right brothers you know and Leonardo DaVinci to but I’m not flying what I think it draws Atlantic or even taking it up anywhere around here either for various reasons and it makes lesson and I would like to say you know when people start understanding technological capabilities of what we have to offer when people start understanding not just the tech but just the ability to save their assets and to have more control over them and to have personal freedom of it I would like to see the value six years and steam videos continue to rise and I guess have that value be recognized in terms of market cap and marketability then that would be really great stuff so on this next slide well just a minute guess what lacquer we got feels a little robot sir I’d like to just mention yes sovereign software companies you know we have a collection of people on this call that may range from people who have been with us for the past four years and basically we started four years ago tomorrow on July fourth the development years so long history with some people but some people just joining us and certainly all the people who want to reach with the hero had no idea what the benefit of a sovereign software company might be decentralized a communist company is what we called it four years ago but I’d like to emphasize the sovereign the idea that these companies sit out there and cannot be interfered with by anybody and he government any power any big bank that’s what bitcoin was originally designed for and all of these block cane based systems are basically there because they’re built out of a whole bunch of computers scattered around the world to check each other and no humans can corrupt because their robots are all checking each other and the robots are programmed to be robotic ly honest and therefore we’re relying on that but here’s the other big factor if we were to try to go out and sell that to the average consumer today that doesn’t realize how much at risk their money is in the current system even though every decade we’ve seen some major currency collapse going back as far as you can remember but people just don’t have memories that are that long new people are coming along all the time and T the Great Depression and the all the inflation’s that happen somewhere else really don’t enter into people’s consciousness so if we were to try to market bitshares as we have for the past few years as being really high performance and really incorruptible guess what that falls on deaf ears a lot of people that’s why we invented the hero we need to meet people and solve problems that they care about once they’re there we’ll teach him about the other benefits and I’ll never want to go back but that’s a fundamental difference in our marketing strategy coming forward in the coming year and what you typically see people out doing various interviews and so on talking about their great new blocking most people don’t know what a blockchain is and don’t care to find out but if they can go get % on a passbook savings account and maybe that’s worth learning about and so that’s the big difference in our approach yeah okay and in that that puts in a lot of perspective – how many people here understood kind of the approach behind that that we we want to be able to we’ll take the power away from everybody – correct or control it and this is a way to do so how many people here are getting that I see I see people enhancer down there so awesome now we had a couple of questions they’ll answer a few of them – so he says hero works the same way as bitusd apart from different interest rates we’ll cover that here in a few minutes somebody’s saying I think for block change in general it’s super important to have developers be cool for developer like me that just starts out in a black teen area to have video tutorials to get started with bitshares yet I think that those kind of things are are coming in the future now that now that more people are showing some interest in it you know we do have some core developers who’ve been around for a long time some of them may be on this call there’s other folks that have been on here working with us and as Stan just mentioned and chewing on the slide different spin-offs like steams kind of spinoff from what was started by EEOC is kind of a new interation it’s kind of Richard on steroid and then some and with Daniels new project with that which congratulations on I mean over million dollars donations within the first few days and stuff like that great I think it’s on track to be one of the biggest I SEOs if not the biggest ICO in crypto history which is going to be kind of fantastic thing so many much in pure plays which is another spin-off by Jonathan and the rest of his crew and there’s a lot of other developers again at Stansted who’ve been in the bitshares ecosystem working really hard to develop separate companies that help build on what we have to offer to bring in more people open ledger Ronnie over there and other people we’ve got you know the remedial projects and other folks that are trying to bring in and trying to build out the ecosystem so folks can on-ramp off ramp and do different things within here on this next slide and it let me Google or get rid of that drawing is again in perspective of the technology in and of itself but this is really this is a really important slide because of what we discussed go ahead and go over what you want to that I wanted to take a minute on what I think is really important on this particular slide okay well there’s two things that are being talked about one is just the total time it takes or the total transactions per second it can happen I think most people have noticed Bitcoin with seven transactions per second and aetherium with those are good for you know experimenting but it doesn’t scale so you put a big task on to it like for example a big major crowdfunding activity suddenly they clog up and have to start rationing their bandwidth because they can’t get everything done and that’s what’s driven up the price of doing transactions on those networks but generally that’s what you get throughout the industry and if you look way down in the bottom right corner the three little bars are shown in that circle compared to the total capacity that bitch shares brings to the table yeah it’s not even in the same league all those little bars you know that are about the same size as the dash bar over there are stacked up to represent recent stress test that we did that’s not a limit on how much we can handle that’s how many transactions we were able to generate and the system didn’t break a sweat theoretically in the laboratory we have shown that the technology has the capability to go up to , transaction per second if people out there just switch to you know state-of-the-art processors that are commercially available that’ll happen as the actual usage picks up note also by the way someone’s asked about peer players I put a little peer plays symbol on that chart over on the right and area just as a salute to them but yeah they do count to using the same technology as bitshares and steam it enhanced with new features I’ll let you talk about the other circle there Michael yeah you know I I really like this one uh first of all I stand pointed out you know we got seven you know transactions per second transactions per second those are all great but again you cannot replace a global financial system be a global banking alternative even even really do a decent amount of point-of-sale transactions per day at a busy company let’s say Starbucks for instance you know and be able to run on any of these networks Bitcoin Siri or desk you just can’t do it I just I don’t see a way to do it and I’m in e-commerce you know I’ve done this stuff for years I know people who run websites that have you know tens of thousands of transactions per day ease easily when you start adding up one company with , transactions and maybe have a hundred of those companies that have , transactions what’s that do these networks what’s going to happen is exactly what you seen happen in the last days you see large crowd funds icos but it doesn’t matter that it’s ICO you see a large amount of transactions now their fuel these IPOs that are coming people all want to jump in so they’re all pushing all these transactions to these networks but it doesn’t matter what it’s fueled by the ICO is feeling it but what it is in general is always transactions coming through the network just like any other financial network like Visa MasterCard or anybody else and they’re clogging the network and are causing the network to shut down go slow exchanges that are trying to exchange those types of currencies and critical assets unable to trade those assets customer support departments being clogged to the point where there are two three four weeks out in support tickets people sending assets to convert from one to another having those assets hanging ether so to speak but maybe maybe not intended but now it those things happening those things happen big problems I don’t know what’s going on here I got a something that’s not happy those are all issues that you have to address and those are things that I saw Daniel attempt to address years ago at Bitcoin conferences in Austin in Las Vegas and other ones where we brought this up in side table conversations on stage through keynote addresses and these were things that were not taking it seriously when they should have a thing now here’s why and this is the second part of the graph that you see here if you see the cement bitshares section right here this circle what’s really interesting about that is this is peak transactions per day what I think we almost hit either , transactions just on bitshares last week in just one day which was pretty amazing since almost a billion transactions in one day on the good shares Network alone that doesn’t even include steam it boring of the other projects your honor so what you see here is that schema and viscera speak transactions per day totally eclipsed experience and bitshares any of the other crypto assets are out there in fact if you take the top or or even thirty crypto assets and PI on all of their transactions per day together pictures and scene it’s still eclipse them and we can handle all them what that also means that all of these IPOs that are clogging up Syria and everything like that this is pretty crazy to think about but every transactions that’s done and all of the major cryptocurrencies combined plus the I SEOs that are happening on a theorem all the same time could happen on the bitshares network and it not have the congestion that is what this means that is the capability of this network Daniel force saw things like FEMA for instance and I think this is a really great example of an argument for using bitshares graphing blockchain technology for industrial and commercial usage FEMA is a social media platform you know you have facebook on an average day thousand lights per second that’s just like so there’s may include comments as include people posting things as an include tags that include any of that that is just like those are operations or transactions on any sort of network you cannot run a social media network on the other blockchain technologies that are out there you can run it on pictures graphing technology because it’s capable of scaling to one hundred two hundred thousand transactions per second maybe even warm that’s what that’s what what is very important about this slide if you want to be able to have industrial commercial usage if you want to have social media networks if you want to have actual point-of-sale transactions happening on network just imagine you know a thousand different companies using one point-of-sale transaction system you know what would that look like how many transactions are happening per second or per minute that’s a lot of transactions it’s not going to be able to happen on these other technologies maybe they can catch up maybe they can hard for maybe they can do that stuff but these being things these these capabilities the technology that we’ve had referral systems to transactions per second the scalability we’ve had this for three years and it’s been out there tested secure it’s never had a day of downtime this is what’s important and I think this is perfect she shines and if people were able to understand and see this and recognize it for what it is that’s where I think you’re going to see that big jump that’s where you’re going to see that jump that we were talking about on previous slide so okay Michael we’re getting a lot of really great questions here that should have been we should have made this chart a lot busier because it currently we’re leaving out a lot of things I like to quickly run down through here and just give some real bam-bam-bam answers to some of these questions before we continue if you don’t mind if I want to be important okay first question Hiro works the same as bitusd apart than the different interest rate yeah it’s definition is that it grows five percent against the dollar per year since and we’ll talk a little bit more about that coming up but it basically it’s a market pegged asset works just like bitusd and next question is you know what platforms are we going to be advertising on we’ll cover that coming up a little bit although a lot of that is determined by our advertising partner that takes over tomorrow that doesn’t mean I won’t write stuff but they’re going to watch what I write because they want to manage the brand I mean these guys are pros and they have access to every media out there you’ll probably see when the time is right mainstream adds like a Geico ad or something it could happen right now it says we could use a hero to help medical marijuana industry yeah there’s a lot of people in that industry that need a currency that won’t be interfered with you would not believe the number of people Michael talks to on a given week interested in in that so this would be a perfect thing for them to use and let’s see the idea is not to spend BTS so a good thing to go over is how do we get cash to spend anywhere it accepts MasterCard okay I’ll leave that one to you Michael when we get towards the end and then let’s see we’ll just I’ll come back and I don’t want to repeat every one of them until we get I wanted to pick up because some of these will cover in due course that difference between pictures here oh and it’s cerium well the hero is basically a asset type or some type of class on the bitshares Network Hysterium that is its own blockchain networking payment network as well as ether which is its kind of currency on the network bitshares is its own network and also a denomination or currency or share on the network as well kind of like Bitcoin is its own payment network as well as a currency on the network another question some merchants accept Bitcoin which is what makes it so valuable though merchants accept the hero ah very interesting many things to be said about that it turns out that accepting Bitcoin directly is going to become a thing of the past it’s been bitcoins advantage as you’ve indicated but more and more payment systems are abstracting that out and accepting dozens of different currencies so that it doesn’t become necessary for merchants to be aware of what digital currency is being used Michael’s got a company that will load a debit card from any of the main currencies including the hero and you can then just go spend it in debit card anywhere you want you can see that in video com so it doesn’t matter is the bottom line long term that that advantage Bitcoin has it goes away but keep in mind by the time the hero and bit sure is this number one will have that advantage if we ever needed I agree and also it’s maybe not necessarily to be spent to I don’t want to be giving advice on what to do with your money or anything like that me personally I see the hero as something that I would put my money into and keep into I wouldn’t necessarily spend it but I want to spend it I might move some out in to something that would be more expendable but the hero is supposed to appreciate at an average of five percent per year so if I were to be spending it I’m kind of spending my my nest egg that’s appreciating rather than letting it sit there and accrue so I see people as holding the hero more than necessarily spending it but I do also see people you know doing some transactions and I see people holding on to it as a savings more than anything like that but I see other people who talked about accepting it as payment I’ve accepted it already as payment but I didn’t cash it in I saved it so you know I would be willing to accept heroes’s payment for different things and how many people here if you guys know about hero’s would accept a hero think you know let me know because that’s important to us too we’re actually considering paying people in heroes for different asks so you know that’s something that’s important to us what’s the let’s see what are the hair max go ahead yeah that’s what I was going to talk about next what are the drawbacks of the DAC Eugene management issues this is actually an inverted question because if you look at the management issues Bitcoin has it cannot even decide what the blog new block type size ought to be Richard chairs has upgraded many many times during the past few years with new features the community has the authority to decide to do an upgrade and make it happen very quickly so it’s actually an advantage although technically bitcoin is a deck it’s decentralized it’s autonomous and it’s a company whether they realize it or not it’s just a very simple company and it’s unprofitable and it doesn’t have any kind of a management methods now one of the true interesting challenges is to improve management because when you decentralize management you pick up the the lack of immediacy that you know at a dynamic company with Steve Jobs at the head of it who can make an instantaneous decision I don’t get that type of flexibility and so you’re always limited that if you give any system that much power it’ll probably run away with you and become corruptible by some other outside power and using that against you so it’s a compromise but bitshares is actually one of the most successful government systems that you could get and still remain highly decentralized right that’s that is very important and that’s part of this part of the problem I guess and part of this solution that we have here is that we don’t have that central authority we don’t have that one person that can go and just make that decision and there are times that that is really really good you know when you’re worried about corrupt ability and stuff there’s also times when it comes to pivot that you’re not able to do quite as quickly and maybe that’s the next problem that we need to work on solving is how to get the folks that are voting in the delegates and everybody that are on this part of the system to be able to move a little bit faster and in those times be able to vote for initiatives and and workers and things like that and proposals that we put out on the network but that’s also part of the strength of this network is the governance of the network the way that we have governed it the way that it has been governed by the people we don’t always agree with each other and believe me there are definitely some decisions that are made I am NOT the most pleased with because it’s made what I feel is a adoption of bitshares a little bit more difficult that’s my opinion you know and that’s not the overall consensus of the rest of shareholders so I you know I accept to ride that out and hopefully they either see the light or something else changes or something else happens right it’s kind of it’s going to how it works well this next slide a good one because it’s kind of about the guy responsible for a lot of this now there’s a lot of folks that have worked on pictures that are responsible for what it is today absolutely but I think the person that dassault starts with is this guy right here Daniel armor which is Stan’s son and Daniel again if you guys have seen us speak previously but I’m going to just say again that Daniels really owned those guys who impressed me on such an intellectual level the first time I met him and then subsequent conversations at everyone since then I always have value any time I’ve been able to spend with him personally together with him physically or even on any conference calls and we spent a lot of times on conference calls in the past when um bitshares is being developed in the . everything features what I gathered from all those conversations is that he just has this vision there’s so much far beyond the scope of most people what they’re able to see or even care about we’re going to be able to implement work built and he’s able he’s been able to do that over the last few years particularly and I’ve been starting to see a pattern of him stair stepping everything that he’s been trying to do he’s building this out in increments he realizes that you can’t build a whole thing out in one piece he had to build it out in pieces and parts in order to get the whole thing into play and I see what he’s doing now and so Victor’s itself was a was a huge jumping technology if you look at blockchain technology and everything that we’ve discussed so far on this call you see that this bitshares blockchain is the most technologically advanced most scalable for commercial and industrial purposes and in most application technology it just is and this was a few years ago since then he was able to create the steamin platform which is again another technological success it then showcases the ability to have that many transactions per second that in a blockchain that’s not just used for currency or crypto or anything like that and in and of itself with this entire social media network that also has its own asset or currency that rides on it and that in and of itself is huge to to be able to that and make that leak from the bitshares system and the decks that we have to steam it and now te OS which again I believe is going to be on track to be the largest donation and contribution ICO in crypto history it’s going to it’s going to get there I believe it fully it’s only been what five six days out and it’s already in some of the top five or ten that have ever launched and it’s still got another three hundred fifty something days to go so we’ll see what happens I myself am really excited about the advent of that technology and what it’s going to do for bitshares what’s going to do for blockchain technology and the world at the hole Daniel you know and he said this ever since I met him is that you know he and his principles and what is his goals are secure life liberty and property for all freedom you know to make your own choices without third party stepping in or people getting involved and that that was really great and so like I said you know he really impressed me first time we met he talked about everything from flying velocity and technology to the insurance industry entertainment to medical records to you know everything I think we’ve even talked about like DNA sequencing and all sorts of craziness you both this is the stuff that blockchain is capable of and years ago when I met and that’s what turned a light on for me I thought to myself this is way past Bitcoin we’ll wait a minute here I get it now and that’s why I’ve kind of just worked alongside as much as I can to promote bitshares and the understanding of this technology and getting some sort of adoption or usage or anybody that to really understand or shape any sort of course in this so that’s why we’re here and Daniel I mean he he walks the walk and I don’t know what else I could say about him other than he is one extremely smart person that has a lot of convictions too and it’s based not just on his word for his actions and that I can appreciate quite a bit so I’ll quit quit on that slide and can move over this one and this is a good timeline of what he’s done I’ll let you kind of go over this a little bit and then I’ll fill in it through thinking four years ago tomorrow we started a company dan it was the vision behind it he got some investment from a big investor in China within five months on September th Guy Fawkes Day or November th Guy Fawkes Day introduced proto shares which was just a clone a Bitcoin but it was a way for people to own a coin that could then be upgraded to the destination of over time so it was the role ETSI Stiletto yeah it’s it was an early crowd funding mechanism a distribution mechanism where people could mine coins and so a lot of bitshares distribution comes from the same type of mining model as as Bitcoin but within a couple weeks all the big Bitcoin miners were turning their power over onto that day we put a few hiccups in there to make it so they had to modify their code but didn’t take them that long to do that and then suddenly they were sucking up all the proto shares just like they suck up all the Bitcoin and selling them into the market so we came to the understanding very quickly what’s the point if people are selling them into the market why don’t we just sell them into the market and bypass all the mining mythology that even today over half the bitcoins out there are mined by three companies and sold into the market so that’s where we started the trend towards initial coin offerings proud sales that’s where the model that’s being used right now in the eos distribution was first invented in something that was called angel shares at the time which gave people a chance to compete for a small group of shares every day for a hundred a period and so oh this was very cutting edge at the time and now everybody’s doing it but what happened is a year or so later bitch Ares came out and it started running and proving that you could put an exchange on a blockchain not just a coin and a whole smart coin factory for that matter then he went back to the drawing board and decided to accelerate it and a year later came graphene which pitch here is upgraded to and that’s what gave us the Lightspeed performance we’ve been talking about and steam it then pure plays spun off using that technology and now when EOS comes out about a year pitchers will just adopt that technology that’s huge because the other competitors out there are still stuck back saying we can’t upgrade why can’t Bitcoin upgrade to this technology right now because it’s run by miners and the miners make make money and they have a monopoly on it a few big miners so it can’t upgrade to something that would eliminate those miners it’s stuck in the Tar Pits but we don’t have that need to stick with year old technology we have demonstrated a smooth three second upgrade multiple times and that’s what we’ll do a year from now when EOS comes out we’ll do an upgrade to that technology while continuing to keep everybody’s ownership in the in the current system intact not change which is really saying that’s the disagree point is that only son of lot teams have been unable to keep up with changes have been able to keep up with and pivot with what happens in the world and I’m sorry you know it as a business owner and being in business you have to be able to adapt or you will perish that’s just the way it is this years has been able to adapt and continue on and not just adapt but to evolve evolve blockchain technology evolve the way that people market their blockchain businesses even with the ICL model structures that are out there today and can we did why don’t people like seoeon bitshares because they don’t know they don’t know any better that’s one number two you know aetherium is a more widely distributed token so it’s easier for them to potentially you know have distribution but when you have these problems of these ico shutting down entire payment networks you know when is enough enough so I see a lot of people in chat being very upset about Assyrian and about the clogs the congestion incoming it took me five days to get Experian the other day no you know customer service support help or anything like that until it finally came through it’s just because that network congestion stuff it’s really difficult to do business like that so they don’t I don’t think understands and as soon as we start having some high profile icos on bitshares i think you’re going to see a lot of people looking at it and say that’s where I should be at and that’s something I’m working on personally is bringing my profile i ciose to this year’s network over the next six to twelve months I’ve got about fifteen to twenty very very good i SEOs that are lining up and we’re just getting ready to put together the right team we’ve been putting it together now for the last month we’re going to have the right team to start pushing these out on the network in a very thoughtful good marketing campaign of good businesses but yeah now I think we’re going to have to move along because I’ve got about another half hour and then we can leave you answer all the rest of the questions if you want I like to get to the answer a lot of questions excuse me the big elephant the room question a lot of people are asking is if this is so good why aren’t people using it and the answer to that is because we have not had the marketing in place to do it what are the strategic alliances now one thing I will certainly say that clean aetherium have done their homework those teams did make good alliances and as a result they got a lot more adoption our approach has been if we build it they will come and it ought to be clear that building that system is not good enough you’ve got a market it you got to make strategic relationships and we’re finally doing that we finally got a team in place that has brought in an unbelievable number of supporters and investors and marketing power and we’re going to start leveraging that so once we do that we think that we’re going to have all the market liquidity and everything else people expect in order to adopt something the only reason people use the etherium is because it had more raw money sitting inside it they could be spent on the ice ago once we do that same thing that limitation goes away and then people will pick it based on performance we’re seeing people move from ethereum already and so we’ll see that become an avalanche in Cibola there’s actually some of the top bitshares markets out there and you’ll notice that since we look at this hero has appeared in two places those markets are now becoming more popular although they still lack a lot of liquidity that will come once we get some marketing but Swabians been building a bot that will help keep that market making function alive and that will help improve the liquidity and that’s necessary before big sponsors are willing to put a lot of money into it because anybody that has a lot of money doesn’t have time to sit there all day keep adjusting the buy and sell walls we’ve got to get that automated before things will pick up and work as smoothly as we like and that’s coming up in the coming month yes that is coming up in the coming months so we do recognise the need for that and there are two different groups that are going to be using the heroes they’re going to be people who are going to be borrowing or shorting them in existence of speculating a little bit more and taking a little bit more risk for greater rewards and there’s many people who are using the hero to just buy the hero to just have a quote unquote safe-haven you know to sit inside that and to get their percent interest per year and to be comfortable with that so there’s gonna be two groups of people that are there and you know group to where they’re going to be just more concerned with the percent not borrowing or speculating or gambling a little bit more on the market they don’t need to be educated about shorting a hero or collateral ratios or any of that sort of stuff what they need to be educated about and concern with more than anything is just being able to have their money in a safe place that’s accruing interest in a safe way honest money that’s backed by something of value that they can be reasonably assured is going to maintain that value and increase in value and that’s that’s its value prospect for them just as much as a bank try to make a case we’re having a interest rate of less than % on your savings account and people buying it every single day is that average national interest rate this point is zero point two two that is it’s crazy you know when a hero is percent and that I don’t think is a very hard value proposition for people once they understand that they can just put it in there and they see that value rise let’s see so this slide right here what were you doing with on this good – I don’t know we fluctuating market cap so much per day right now it’s it’s hard to keep up with it but you know the point is it sure is is already out there and been there for a long time adding the hero is the thing that can you know basically give it huge new legs because it’s something that we can market to the average person and that’s huge and with that everything else then can build a wrap we build around it and that’s what our marketing campaign can go now because we don’t have to go explain all the technical superiority differences we just talk to people about hey some heroes earn % and have a nice day so we’re leveraging that and that’s what enables this new marketing campaign or coming up with food right okay so on this one you’re going to talk a little bit about smart coin so the hero itself would be what’s determined to be a smart coins people heard about you know smart contracts maybe you may have heard of them smart climbs they may have heard of them maybe not what is a smart way and well okay best friend we start out with a dumb coin bit coin I’m not being purged or ative but bitcoin is a dumb coin it sits there and gets passed around but it doesn’t have any processing inside it it’s just people traded based like a dumb thing so silver or gold whereas a smart coin can be programmed by a smart contract to guarantee a share of another asset that’s put up as collateral to bakit and so you could make the equation be anything so people are talking about a definition that actually oscillates in time for certain applications and in our case the smart coins mostly say this coin is going to track the value of some of the fiat currency like the dollar euro yuan whatever but with the hero it actually closed in a growth factor of % annually and so it’s equation is a little bit more sophisticated and a smart coin is simply something whose value is defined by a smart contract in terms of another asset that backs it that’s interesting I know I am the next one we’re going to shoot some more about the hero and how the value is determined and all of that on this slide you know that what’s really cool about this is that you do get to see the usage of smart coins catching on quite a bit and the orange one is bit CNY so it’s actually Chinese currency right that’s that’s paid to the Chinese yon right and so if there is their reviews I mean they’re very pointing I into that that’s I mean I got a screen over here at some point but you see a lot of bit USD see bit see and why you see some euros but you I mean you see a huge spike in the last is this is this weekly here yes right every week for sure yeah thatis that is crazy I it has an absolutely crazy and you do see a live volume I started checking the volume of the market I’m using and there’s quite a lot of people that are putting money into become our coins because they are paid to the same currency that they’re used to so that is another value proposition people know what gold is or euros USD they could put their cryptocurrency into something like that that’s easier for mass adoption this is something that we were arguing in Las Vegas and Austin about price table crypto currencies when we I said I remember sitting there watching Daniel talk about unveiling bitusd and holding the pig steady and it was so funny I watched a video the other day and I was thinking about Erica da audience when this was going on and some people know I didn’t got it a lot more of them could not wrap their minds around how a cryptocurrency could have a stable value and it still to this day I see people getting to this look on their face like how is it possible so I think it’s possible through a smart coin to respond contract and through what we built right years ago here so this is a good example right here display which is the hero this is a smart coin with certain capabilities you’ve got bitusd pages of press the US dollar of value of the US dollar figure Oh same thing big gold pay the price of gold gold gold goes up and down that coin where that token goes up and down with it right so that is that it’s a smart coin bit Bitcoin value is determined by the market if you traded it any value for smart or it’s a dumb coin right does it have any sort of capabilities or values or anything like that what is different about the hero from a smart coin of like a bit USD to what we’ve got with the hero farmer well you know the big thing about the hero if you look at this chart you’ve seen the part done at the bottom it shows how the dollar has decayed because of people printing money but a reserve took over in and has been steadily eroding it ever since if we define the hero as starting the same day the Federal Reserve took over December a date that will live in infamy and instead you said ok we’re going to grow at % every year relative to the dollar what you see there in that upper curve is what the hero would have done if we had started it at that time and in fact that is its defined value today which is upwards of one hundred and fifty five dollars or something on the market right now because it’s defined to have grown along this path and so it doesn’t mean that its purchasing power doesn’t go up and down but it’s biased towards growth and that was the innovation that we put into the equation to make the hero attractive to the masses because if the choice is to hold dollars or to hold the hero and I think we can sell that as a better thing to do and that is the giant sucking sound that moves Fiat into the bitshares ecosystem I really agree with that too when when finally clear for people you will hear and I heard you say that before a million times it makes me laugh every time the giant sucking sound going anywhere ecosystem you know that that’s what I want to hear that’s what I’m really compared for and that’s you know so the value of the US dollar now is like what was like and some change it goes up a little bit every day because of the way that this formula works the value in and of itself is supposed to continue to rise up every day so people I see questioning here saying how the bikes and interest rate relate to a coin that will probably have a large trading range buying best now it seems the coin would write farm prices totally dominate % not sure what % is related to pike centrality to the value of the US dollar so % what one of the things that the % does is define what the force settlement value is yeah and and that’s the only thing that is fixed is the price that you can force the system to cough up that many bitshares at that price yes it can fluctuate around that with supply and demand and as supply and demand grows that should become more stable but not absolutely stable because if there’s more supply than there is demand the price will sag and it’ll also grow but you always have a point of reference of what’s backing it and that’s the key what is backing it is bit shares that are held in escrow on the system and the system promises that if you want to within hours you can cash it in from the system you don’t need to find a buyer you can cash it in from the system for that specified price and that specified price is what grows at % right that’s that’s really important parts of this actually so I’m glad you mentioned that is that they don’t have to find a buyer they can settle out whatever they want to holding that geared up for bitshares and that’s a valuable asset as they can go trade they can go spend they can go load into their bank account what with their debit card using the remedial service that we have or there’s other ways to do it so this is something that and actually be able to get the money relatively quickly too so that’s let’s see why not market the hero to exchanges as US dollar alternative that’s probably what’s going to happen here after we get more volume and some usage out of it and more and more people holding it we’re going to hopefully see other exchanges not just picture this changes maybe some other ones participating in that because they see the value of holding those heroes because even those exchanges can participate and getting that extra % but if they want to let’s kind of go on to a little bit more site I know you’re under some tyson straits here so we’re now we’ve talked about two different kind of camps for for the hero the savers who just buy the hero’s so they have something that is accruing it at a reasonable rate of appreciation five percent what are what are we looking at right here which is i think the other group of people that speculators i’m really really happy with this chart because i finally found a way to explain this it’s not complicated at all well you all know how to get a home equity loan you go to the bank you give them the deed to your house and they lend you money and if you don’t pay it back they take your house easy peasy right we just found a way to take that loan if you will and loan it in the form of a coin called the hero and we instead of giving the lead to your house to the bank you give them control of your bitshares so you still own them just like you still own your house but they’re locked up as backing for the loan you took out and the loan is in the form of this new coin with all these wonderful properties we’re talking about and you can go spend it and when you spend it it circulates just like another coin backed by your equity which is locked up so that if somebody needs to ever cash it out they can and the rest of the system is just the blockchain managing that banking function of locking up escrow and putting a coin back by that escrow in the circulation now in the event that bitshares double in value when the time comes to pay off your loan you’re only going to need to have as many of them to pay it off and so you go out on the market you buy a hero for half price because the coins of herbage shares have gone up by double let’s say and that you got it for half price you can go pay off your loan and guess what you just made it appreciation that’s the same thing people do when they take out a mortgage on their house and then they come back ten years later and find the housing prices have doubled and they pay off their house with cheaper money and that’s all profit and that is the motivation for people to borrow because they think the cherries is going to go up of course if you take and sell your coin in order to buy you know cases a beer or more batarus whatever you want to spend it on and if the chairs goes down now it’s going to cost you twice as much to buy that hero back so you can pay off your loan that’s just like the housing market collapsing and leaving you stuck with a difficult time paying off your loan so all we did is make that an automated process and what the hero becomes is something back buy assets stock in the bank if you will in this case the by tears Network and now you know if you were backing it was gold in a bulk how do we really know that there’s gold in Fort Knox or that a bank hasn’t sold that gold gold to five different people or a fractional reserve eight or whatever in the bitshares system you can see that every one of those heroes is backed up by at least twice the value of it so that when the time comes to cash it out you get a full hero’s worth of those pictures that you can sell and the person who took out the loan gets the rest which hopefully will make a profit but if not they take the risk the holder of the hero doesn’t take the risk and so it allows two kinds of people someone who wants to bet on bitshares going up they take one side of the bed and the other person says I don’t want to risk it going down so they hold the heroes and they just swap what the benefits are the two points buy a smart contract that is enforced without any counterparties yeah yeah pretty much um welcome question to this infamy it’s a preteen five percent well the five percent comes out of the settlement cost if we just sit statically and let’s say the cheers doesn’t fluctuate and I took out a loan when I have to go pay that off the value of the hero has gone up a five percent over a course of a year that means that the escrow I set aside is going to not going to have to use an extra five percent of it to pay it off and I would have when I first did it I’m counting when I do that that I can grow faster than five percent the bitshares will go faster than five percent and in particular we’re saying a factor of , like Bitcoin theorem have done and so if we can show our plan to make it grow that fast a lot of people will want to issue the heroes and that will make a big supply available to people who are retirees who just want to secure savings and when those retirees spend them they just transfer to someone else with loan stays in existence when someone wants to force cash it out they can do that but by then the back people who took that that I’m making is it will have grown more than two and a half percent remember to double the amount packing it so you don’t have to go two and a half percent to get enough to pay the five percent right so it’s a pretty good bet that it’ll grow two and a half percent not guaranteed and we see examples if you look on a very narrow time window where you could go backwards so you want to make sure that you have extra collateral put aside and we’ll talk about that a little bit right that’s that’s important stuff so again if speculators are betting on the value of pictures rising enough to cover that % and then some that’s really what what’s going on there okay so that answers a big question because a lot people have that too let’s see here so he says is this % times the current value of the US dollar five percent regardless of the current value of the US dollar is five percent at the u.s. dollar at since then plus five percent Acy so if the value of dollar plunges the value of the US dollar plunges right now half of what it’s worth in the euro is going to be worth half of what the US dollar is worth from up until this point so if let’s say it’s worth six right now be worth half of that pretty much right it’s not because it’s defined in how many dollars you get and if dollars worth half as much then your values half as much the hero is not guaranteeing that if the dollar collapses it won’t follow it down though this collapse five percent less but in general during normal times the hero is useful for canceling out inflation and in the event that the dollar collapses guess what people who issued the hero make out because they they’re the ones that get the benefit of a collapsing dollar so I was going to actually mention I did see a lot of folks but basically borrow a bunch of heroes into existence when the price of pictures was a lot higher and then I saw them selling them at a premium when bitch your started going down I saw the heroes go up in value they went up from whenever I think they were like I’m $ or something like that when pitchers would continuing to go up and I saw people buy them for dollars ever a hero so people were making $ per hero just on those sales when the market turns so even the speculators who borrow those is the indie existence took that risk they flip that risk back over and made money on the downstream yeah of course they’re taking the risk if it keeps on going down sooner or later they’ll get margin called and you know have to pay the piper but if they’ve got adequate backing behind it they can weather the storm and if their long term bullish they can make money on both sides of that because anytime the market is dropping the hero is rising because people want it as a place to weather the storm and right now because we’re just starting it weren’t enough to go around so people were fighting over them and that means of premium price habits here’s an example of levels of risk because sometimes people I don’t really understand what why they’re buying things and so we’ve seen some fluctuations just because we didn’t do a good enough job of explaining it to people so let me try to remedy that here there’s several different levels in this contest we have by the way no purchase is necessary you can play the game that we’re going to be talking about and earn free Rose which is just a dumb coin that we’ve created that allows you to earn points for doing certain things in the contest and those help those count towards winning the contest but not as much as some of these other things the things that are higher risk gets you more points and require greater expertise if you’re playing in the contest so buying a hero is a pretty lowest thing to do because it’s backed by twice its value in pitchers at least and backed by the the entire platform with no counterparty risk so you can buy that if you’re a retired person and it’ll be you know it’s not completely risk reading the whole world could collapse and and the dollar could collapse and things can happen but in general in the whole digital currency space the hero is remarkably safe by comparison to say buying Bitcoin which could fall in half any given day it’s been more stable cently but it could the next step up is if you’re recognizing the fact that we’re putting a contest in place specifically intended to cause people to learn about the hero and pitchers and anytime someone buys a hero it’s putting demand for someone to buy bitshares to make another one to replace it so everything we’re doing is driving is intended to drive the bitshares up by factors of in the coming year or two and so buying bitters and just holding it don’t anything fancy if you’re not an expert you’ll have to clear up to the next stage but just holding pictures it’s got flexibility we’ve seen it go way up past and we’ve seen it come back down with a half % correction yeah that can happen but over time we think that’s a good bet if you can stand the volatility in the meantime and then at the ultimate high level if you’re an expert you can borrow heroes into existence and use them to buy more pictures and that gives you leverage double the risk but you know a chance to really make out good but you got to pay attention to it and we got to discourage people from doing that if they don’t know what they’re doing just stick with one of the lower levels all of those things will contribute to scoring points and notice that you’re not giving your money to anybody else you’re just building your savings account up with a basket of these different kinds of assets and holding it as your savings account you always control it the only thing the contest does is give you credit for doing responsible things learning how to use our system and that controls who wins the ultimate prize which charity or other good cause wins but you’re not actually extending any resources to us or to that cause you’re just saving it and getting credit you get to determine which cause gets credit for you being responsible mm-hmm I think those are those are great points to an a that’s a great way to explain the natural progression of understanding for some of the folks that are out there that are in the crypto world or understand a lot of that is just getting a free ro you know buying a hero buying some good shares and a piece of actual network and shares in a network and it actually leveraging those and getting some heroes borrowing the existence showing into somebody else or keeping them or using Leafly mortgage shares or whatever they’re going to do with them um this is the this is a slide that you really like which explains kind of what you just talked about with either a person a company and I vo anyway regular a team of celebrities that are competing for a billion dollar prize perhaps something like that can use this method of what you just explained so you want to just do a quick run out of this slide right here an explanation of it you kind of did just a moment ago but this is a good visual of it yeah and I’m going to do it very quickly because I got five more minutes but this is just saying that you know we’ve talked about doing one little operation but if you set it up so that you have a stream either savings from your paycheck a certain amount every week or if a company has a profit stream or whatever if you do that on a regular basis then basically that stream gets used to purchase pictures which could lock up in escrow and you borrow against that stream to just fund whatever you’re doing you know to pay your mortgage or to pay your employees or whatever so we’re working with a lot of startups on this model where the investment dollars come in and get locked up in bitshares ESCO and they borrow against that to fund their company meanwhile the it’s causing buying pressure on pitchers which makes the chairs go up in value so that they never actually spend the company’s equity that equity is growing and every other company in our incubator doing that same thing is all causing benefit every other company and part of the contest is to get everybody in the world doing that so to go to the next chart and look at the you know yeah look at a imagine every company and every person out there is got some revenue stream going in there into their savings plan and they’re spending heroes into circulation those heroes are backed by a growing value of bitshares and that is the you know virtuous cycle that causes bitshares to be biased towards always going and more we’ll do this the more heroes are taken out of circulation the more valuable they become and the less risky it becomes to do that borrowing heroes and shorting them into into circulation so we’re out there with this contest encouraging and trying to get everybody in the world we won’t get them all some people just won’t want to do something that complicated but a whole lot of companies we’re working with will do that and that’s how we buy us pictures towards growth and that’s how we get to the likely event that we can do the growth to a billion dollars from a million dollars in less time than it took Bitcoin in this area I got so look at the very top left corner the hero backed by bitshares bitshares are backed by business we’re trying to work to get a lot of businesses buying pictures in this model so that they get lots of growth themselves and that’s what backs that share is to make sure it grows so that the hero can be generated safely by lots of people all right so could anybody from like you to somebody just taking some savings you know other normal paychecks be you know companies that have existing revenues or existing businesses can be people who are doing ICS or crowdfunder anything like that you take funds that are putting in their five bitshares not spend their VIP shares they still own them generate heroes to them pay for their stuff buy more bitshares increase your investment leverage or whatever is there looking to do but be able to still hold those assets and as they’re increasing in value take more of a loan or take more of Heroes out or decrease the amount of collateral they have in their of their investment right and so they be able to decrease that down okay so these are all these are all really great points that that you’re covering right here so we’re throwing a contest and we’ve got four minutes so we’ve got a billion hero challenges is what the contest is and let’s explain how this works so there’s a billion dollars in and we’re breaking it down to twelve different teams are going to get a payout when we hit a billion dollars credit that’s correct and that’s that’s measured by a weighted sum of all the members of each team you can join a team by simply pointing your up proxy link to the account of your team leader and that team leader gets credit for doesn’t get your money just gets credit for how much of the different things you’ve done how many heroes do you have how many have you shorted how many bitshares you own and how many of the free rows have you accumulated by participating in different ways to earn free rows that probably will create a little market for the pre row of people who earn them and so the people who want them for the contest reasons who knows what will happen there but that’s just another little side issue like that when the final value of that prize money which will get put in place probably tonight at midnight grows from a million dollars to a billion dollars then whoever is in st through th place in that scoring mechanism will be issued those that amount of bitshares for the cause that they have been championing so their job is to get as many of their followers as possible to participate so that not only do the followers gain their own knowledge and and savings but their team gets a chance at chunks of change that they can spend on something that those team members care about ok so that and that’s a billion dollars we’re giving away here and definitely be seeded by how much is that going to be seeded or what where’s that money coming from well what we did was we picked a point during the past month where we crossed for the first time a x growth from our minimums we started out a couple months ago with the chairs worth a third of a cent okay and when it reached a third of a dollar back on June th we lock that in and said guess what we’re not going to that first x growth we’re going to start the contest there we’re going to put three million bitshares at cents into a kitty it was worth a million dollars at that time it’s come down a little bit since then but that’s okay we have to climb clear up to a thousand times that cents so that’s three hundred and thirty three dollars is what bitshares will be worth when the contest is over and if we can do it faster than bitshares that’s probably faster than aetherium in Bitcoin that’s probably sometime this decade that the prize will be ordered I agree you put it in perspective hitting three hundred dollars for crypto it’s not that difficult that’s going to happen several times now so in the doable entirely doable especially when you’ve got an initiative behind you so speaking of initiatives we’ve got a bunch of different folks that you have been tirelessly if you’re working it and networking and moving and shaking and I’ve done a little bit of work on this too but you’ve definitely been all over the place working on this and this is fantastic stuff so we’ve been putting together what we’d like to call our hero makers but anybody can be a hero maker anybody can be a hero anybody can participate in this you do not have to be rich famous good-looking although all of those things you help so these folks are what are they doing out here and how are they helping us achieve this billion dollar prize well each one of these persons has a group of fans or followers or a network of friends that they think that they can a list toward some cause they believe in and that their friends believe in I’ll publish an article tomorrow that talks about who these people are but some of them are very famous super respected people some are controversial some are unknown I selected those just to give you a sampling of the variability but since anybody can lead a team even five has put out a post on statement to lead a team and so over time I’m we’re not trying to bias gook and then we’re just getting a few leaders to sign up to get it started they could win or somebody could come out of nowhere and win it and we don’t want to constrain who can win it whether they’re the saint or a sinner is not the issue it’s can they get enough supporters to vote for them to be one of the winners and will will let it go at that Brian Williams is a guy that’s got a big plan like that to bring a lot of his friends together to do concerts and all their fans will be recruited into his plan that’s just an example of one guy’s job yeah I do not drive one of the teams right we’ve got a lot of teams but the city so he what he’s doing is he’s putting together a lot of other influencers that he can use and leverage and work with to win this challenge faster and so I think we’re going to see other people and influencers like that aligning to be able to do the same thing and this is a really good example because you see a lot of people who are you probably recognize pictures on here yes all right cool and so this right here is going to be an example I see this is an example of the hero to the pictures market right now correct where did I lose Stan here oh I didn’t stand all right so so questions Glen shoot me any questions that you have right now we dressed quite a few of them but if there’s any of them on here that I can jump on let me know and may have been lost yeah he did have to go so if you just mention that previously uh so this is an example right here of the hero market as you can see right here the big-haired X is a little interesting you know folks are using and starting to get used to it but like anything else to work in progress markets are always going to fluctuate and as I mentioned be able day now I’m sorry just go just a little bit ago yeah and the other day when I changed some folks when you see the pictures market go down and you saw the hero jump and value and it did stabilized after a little while but people were jumping over and moving into it as a way to shelter the storm and way to shelter the downturn in good shares somebody asked a question uh am I worried about the bitshares price up and down or whatever it’s done recently no I’m not really too concerned with the the value or the price movement of pictures before the launch of the Hero competition just because it’s July th does not mean that everything’s going to happen all on that day and that’s just the beginning in the launch the start of the competition we anticipate this competition could be anywhere from months to maybe even a couple of years long we don’t really know what we do know is that we’re going to continue to fly around to teach to educate to get more hero makers and other influencers involved I’m speaking at several engagements this month and next month on blockchain and crypto currencies so I’ve got a lot of media interviews scheduled and I’m working out more of them right now so we’re going to be getting the word out on this but we need all of your health just as much to either make markets if you want to speculate to educate other people about this to show folks how easy it is to just be able to save some of their assets in something like a hero or bit yesterday anything but this is about the hero challenge in general and being able to give away this money we are putting that money into escrow with the intention of giving it all away when we hit the billion dollars you know we don’t want the billion dollars we want to give to other people the whole reason why we’re doing this hero challenge is to get people to understand the technology somewhat but some of them aren’t going to understand that more so it’s going people to have confidence in digital currencies crypto currencies and what value they can offer them once they get that and have that aha moment like a lot of other folks that had on here like all of us did not start out knowing as much as we know about cryptocurrency and blockchain but we all had that one moment where we started dabbling and then the light turned on and that’s what we need to get a lot of these are the folks understand to it that they can put their value in something other than us bankers Bank of America and get interest off of it and have it be safe and also be able to move around if they understand those concepts which they do and understand the ease of use by it it was going to succeed Stan and I have lots of plans as we go along there to hero initiative moved forward with the company here anomic we plan on creating a much easier to use wallet we plan on other initiatives we have marketing funnels that we’re creating with our PR marketing firm out in New York right now and you’re going to be seeing a lot of that as we go along let’s see here any plans to create a customized hero bit Cheers you interface yes absolutely we did we are creating bus right now to increase liquidity standard mention that Fabien Zurich you guys know him as on the forum he’s working on those software bots for liquidity as soon as they’re ready to rock we will have them out and going the only way to get a hero coin by borrowing against or can we use bitusd you can only get it by using bitshares right now you can get a hero coin by either borrowing it using the chairs or by buying it using anything you can buy it with the USD if you want to and then you can settle it and get bitchy chairs for it so does that answer your question I hope it does so I mean if you want to tune that sequence you have it USD you could just buy a hero and then settle it out so see how it does the price shift for hero if bit BTS go up does a hero goes down it’s possible and if you saw the pictures go up the value of the hero kind of did go down in that people we’re creating a lot of heroes and selling them and as with anything else in the market as they start selling them they’re going to start undercutting each other more and more and more in order to get that hero’s sold eventually pushes the price down that price pressure but if you just hold out if you want to wait for a little bit it’s almost always stabilized and remember the hero has just started this whole thing it’s a smart coin it’s going to hold its capabilities only we can’t be responsible for what people do in the market just if you know people make crazy decisions see how does the price shift for the hero okay we can stretch that is there currently enough liquidity you buy heroes and current market I believe there is but again I would like to get these BOTS out there before we get a lot of speculators really getting out there and borrowing heroes into existence I’m just going to say this and again I don’t get I’m not giving investment advice or anything like that if you’ve got to be borrowing heroes in the existence for anything right now you’re going to be one of those Trailblazers just make sure you watch your collateral level ever you know I say every eight to twelve hours if you can just take a quick look and adjust accordingly to make sure that you’re comfortable if you’ve got a large pool of bitshares and you’re in this for long term in its win it game for bitter spin it shouldn’t be a big deal to add collateral I myself am doing that I’m in it to win it I don’t sell my good shares I never have I’ve got a lot of them and I really care about the ecosystem in and of itself I want to grow it you know and so whatever it takes for me to have to do that I’m going to be doing that and most people that are shorting these and doing it believe the same thing based on conversations that we’ve had with them but if you care about this contest you will just learn about the heroes about about borrowing and buying them about how it works Anna Kate other people you know refer people to the bitshares system and get the referral fee that you get for using good shares you know you get referral fees for that stuff it’s great and then I help them with the challenge or be a leader just like some of the folks on our forum I’ve already started getting referrals and building out their teams you know this is all work in progress you don’t have to be have a team and be ready to rock tomorrow you guys can still work on this for the next several weeks or months and make this happen let’s see here we plan to create a simplified wallet to buy the hero yes we do have plans to create a simplified wallet spy to hero the wall is the average wallet a little complicated I absolutely do agree I’ve been saying that for a very very long time and so we do plan on doing that I I would love to see you know bitshares initiative of a worker proposal to create a more simplified wallet for richer community in general but we do plan on doing that for the hero either way unless somebody steps up in the victory community and does it and we could assist in some sort of way or help pay for it that’s an option – we’re opening it pretty much anything right now to grow this because our overall goal as with anything is to grow pictures technology network understanding of it and the uses and use cases of it from both the best about use cases of victory technology we can point to niche areas we’ve put to steam peer plays all of those are great use cases most of them are working you know companies with market cap values of at least two three hundred million dollars and up over half a billion dollars maybe even pictures over billion about two weeks ago it’s a little bit under right now but that’s pretty impressive stuff for companies that just started within the last couple of years being worth that much one where’s the forum so I can follow the forum is bitshares talk org bitshares Tosca organ just google it you’ll find it there any other questions folks and then I will cut this off string now spin and I will plan on doing some more of these we may even get into the wallet and actually do some borrowing and trading of heroes so you guys can see it live in action as we go along but again we are going to have a replay of this in a couple of hours I’ll be answering questions in a chat you guys have me feel free to ask them in there I’ll be answering them I would really like all you folks to just send as many people as you can to this reporting if you if you’d like to – the link to register for it and we will be doing a replay again probably in about a week or so after in the United States I know not every merica here absolutely fact more non Americans probably than not but there’s a lot of people out there me mailing this out to a mailing list of about , people as well as dropping it into some cryptocurrency groups on LinkedIn and Facebook them and members up that will be getting subtraction on here so I would really like to get feedback on this presentation folks is anything that you think we can add some folks that they’d like to see us update the smart coin slides will update that we’ve actually updated it three times and you have to continue to update it but we’d like to really jump on and do whatever we can to help you guys out that in either educating others answering your questions make sure you join our telegram channel we have the bitshares dex channel which we’re Stan and I are on there all the time anyways but we also have a specific channel for the hero I’ll actually drop down to chat right now here we just go ahead and pause my screens and I will beat you guys a link to the hero channel this link right here drop that out to the entire audience as well as a link to the website where you can learn more about this hero and about the initiative we will be revamping the website to reflect some of the changes and just you know some overall a housekeeping looks a branding style based on what our PR agency is saying if anybody wants to put in for doing web breezes either web redesign or user interface for the wallet for a hero or for pictures in general private message me a on well we’ll say on telegram here and make it my info I’ll see you guys on here right now let’s see here this is my username on telegram feel free to private message me on there if you feel like you can contribute to the hero initiative if you think that you can be a hero maker or form a team I’d love to talk to you Stan and I will help you out in any way you can if you folks think you could help with the user interface or with web design or anything like that be willing to talk about that because we’re very serious about making this happen anyways I really appreciate you all for being on here thank you very very very much for being on and asking all the smart questions we do have quite a few folks on here for me advertising it nowhere near as much as usual I really wanted to make sure that we did this presentation to dis answers based questions give me standards only second time we’ve actually even done this presentation so there you go and we really want to again educate and show folks how to use this all of your feedback is taking into consideration everything you’ve been writing in here everything you guys stay on the telegram forum if you have anything specific for Stan a nice private message us on there let us know I really do like the feedback we do consider all of it and it is in our best interest at the end of the day whether you agree or don’t agree with how we do things or our initiatives or anything like that all we do really care about is big shared system the technology the community and growing it into what it deserves to be that’s it and however we have to to get there is you know Stan and I are are getting there one way or another so the train is leaving the station as tomorrow this an issue is starting and I hope y’all join and help grow it to be what it needs to be thanks a lot folks appreciate it spring some of the comments all right I will leave the comments section open here for about another five more minutes you guys want to give us any other feedback let us know what you thought about the presentation and send anybody and everybody to this to register for this I will have a replay on this presentation that they’ll be able to access anytime anywhere after this evening so anybody that wants to see the replay and get notifications about it and be able to have access to it just have them register for this web seminar all right thanks folks have a good time and appreciate it take care bye

https://videoblogsite.com/the-hero-what-is-the-billion-dollar-hero-challenge-bitshares/

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The HERO – What is The Billion Dollar Hero Challenge? – Bitshares

This video, https://www.youtube.com/watch?v=VxCn4j2JOtY, can also be seen at https://www.youtube.com/channel/UCASo8I7HjXn6ypM2vkF7xqg.

Hi everybody I’m Michael and I’ve got Stan Larimer here from Krypton ohmic and bitshares and we’re here to talk about its exciting new initiative that we’ve got going on called the hero challenge or I guess more so it’s more like the billion dollar prize challenge and I think we’re going to explain what this is and everything here in just a minute but you want to say hi to everybody real quick Stan hello everybody great to be here everybody now we’re going to talk about the hero or well I guess what is the hero first of all Stan where’s the hero to you well what we’ve done is we’ve produced a new coin using the chairs capabilities that should be of great interest to ordinary people right now a lot of people get excited about digital currencies are pretty much either you know people who like technology or people who have a special use case but the RV’s consumer now they haven’t seen a reason to do it just yet but we wanted to produce a currency that was more likely to be interesting of interest to the average person and the average person out there would like to have something that works a lot better than the banking system like to have something that make is stable and doesn’t put it a lot of risk on them in terms of volatility because most people don’t like to play the markets and help me to give them a nice stable % ready to return because that’s something people just can’t get these days when I was a kid I could put my money from mowing lawns into a passbook savings account learned % and like to return to that day and so we created a coin that does exactly that and that’s the one we’re going to mark market to the mainstream and what you’re hearing today is our plans to take it to the mainstream which quite frankly is about a hundred times maybe the market than the current market that we’ve been playing it right and so you know even though the coin it says honest money for heroic enterprises and I think that’s a really great tagline for what the hero is and just in just a quick little description and a little nutshell you know and so people will say what are you II need my honest money well that’s a really good question I guess we could talk about what dishonest money is like money that tends to lose value over time because governments print too much of it oh that’s pretty dishonest and the fact that money gets interfere dwith all along the way when you try to send it to somebody you don’t have the freedom that you would have just reaching in your pocket and pulling out a coin and handing it physically to somebody we’ve lost that when we try to interact with people around the planet so this particular honest money is money that can’t be taken from you it’s on a blockchain where no one else can get it it’s one that’s not backed by a potential fiction either public debt or in some cases theoretically gold that may or may not be present somewhere yes purple money is money that you actually can verify as backing because the backing is equity of the blockchain company that’s running it I think that’s a really important part to this entire thing and I think to selling this on consumers and people who are not crypto savvy in general is that this is something that has backing once I think most people understand the way that our current monetary and banking systems work and they don’t have to have a high level understanding just enough to understand it it’s based on fiction as you just said and there is not a lot backing what they have in their pockets were spending their confidence level would plummet in that system the more and more they do and I see it whenever somebody actually begins to understand that this is a little different in that there is a value behind it and people can assess that value and I think that is really important because I have the confidence in it and folks that are watching this right now please feel free to give us your tape – because I want to know what’s important to you when you see the hero when you think about bitshares when you think about this system that you’ve got at your fingertips that you can use to now take control of your finances take control of your personal assets as a global banking alternative of sorts what is important to you about what what do you want to use it for those are the things that we need to know and understand so when Stan and I go out there market this and we push this hero challenge we talk to people about it and how to use it we’re able to talk to them about what’s important so that’s that’s really great stuff so I’m going to actually go to the next slide because I think that’s important – it is a million two billion dollar club who’s in that club now right – that’s a kind of important thing we’ve got Bitcoin you know hit the billion dollar market cap Club is up and what we’re referring to here and then etherium did and in bitshares it’s a billion dollar market cap Club which is unrelated but that’s not what I mean by this that’s right that it’s called the million two billion Club okay basically swimming if you had a wallet that had a million dollars worth of Bitcoin in it a few years ago that wallet would be worth a billion dollars now can he get hurt Bitcoin was the first to take millionaires and make them billionaires yeah of course if you had a thousand dollars you had a million dollars too so it’s a scale to anything it took Bitcoin three years to achieve that which you know is pretty amazing you know what a rate of return from a million to a billion but still there hams on track they’re not quite having done a million to a billion but they’re pretty close and could make it inside of two years if they get it done by the end of the summer so they’re they’re not technically in the million billion club yet but they’re pretty darn close and so we looked at bitshares and said we’ll wait a minute there’s a couple things here yeah if Bitcoin and aetherium did it with the things they’ve got going for them and as we’ll show in this conversation we got a whole lot more going for pictures than they do then one would ask why wouldn’t we expect the chairs to do that same thing if bitshares does do that same thing and we can sort of say yeah I think that’s really likely then why don’t we build an entire marketing campaign around the fact that hey that could probably happen and has happened without such a marketing campaign with Bitcoin and probably aetherium why not build a marketing campaign that assumes that will happen and put a billion dollar prize out at the end of it so that it becomes a self-fulfilling prophecy and that is the idea that you know inspired everything that we’re talking about here because we can prove that coins do this we can show people that we’re better positioned than either of those two were before they did it and we’re putting a marketing campaign behind it that is unequaled in the industry yeah I agree um it is interesting watching the Bitcoin jumping in-you theorems up and now you know here we are at the presses the technology as you just said it’s completely different you know we’ve been I believe more advanced in the other two that we’ve been talking about quite a long time but we’ve been under the radar you know there’s a lot of folks that have heard about it and have built some companies on it and we’ll talk about then here on the next slide so on this line right here in and I’ll let you kind of explain a little bit to it but that little bump that you see right there is now this is actually Bitcoin market cap and their timeline of value right that we’re looking at right here yeah this is Bitcoin and we’re pointing to events in the life of pictures that seem to fit what bitcoin is doing and that little tiny blip that we looked at if you blow that up looks like what happened Bitcoin back in April of Levin went from nine million up to million and then settled back down to about heck hey does that look familiar in terms of what happens every time there’s a big run-up and then things coming back down to maybe half scale I’ve heard a lot of chatter on our community it was really excited during the run-up that we just experienced around June th where we had a boom like the one that you see over there in the second side the first boom just went up to in some million at the time we looked at it in May and now we’re Michael’s touch highlighting you see that we’ve already had our go above a billion in back down to half a billion so people who are concerned about what’s happening hey just look historically what happens when we get these different booms then there’s always a recalibration and back up to the next site so you know if you’re a day trader well okay plan on that but if you’re a person who doesn’t want to take that risk just look at where we are and that’s what we’re saying well heck this coin did that without a global marketing campaign we’re going to do that and one other thing we have is quite a few very large investors who are behind us this time just ready to jump in so there are a lot of different things contributing to our ability to pretty much count on being able to do what the other two have done and those are kinds of things we’ll talk about here today right and that Ben is very interesting stuff i remember i got into bitcoin right around this area right around here but I remember this jump definitely because I was heavily involved in Bitcoin at that time everything Simpson has just been really amazing two point we’re now bitcoins you know what’s waiting anywhere between to almost $, coin absolutely insane you know a theory on copying over $ several times $ and bits here pushing over a billion dollar market cap multiple times the last month I’m just kind of testing the water and I do believe that we’re about to see from this blip like you said in June of that we just experienced right here which is where we’re at to see this big jump and that’s going to be really exciting stuff is I think this is where we’re at right right in this section right here so really exciting thing about that I’ll just mention is all that all that happened just on its own merits not due to our campaign our campaign doesn’t start till tomorrow so everything I’m talking about here would have presumably happened anyway there’s a few of you who may have bought based upon us leaking to you what’s happening but in general the rest of the world hasn’t seen this has no clue what’s coming and that much happened already on its own so cake benadryl kheh absolutely so on this screen and I really like this one because it puts into context the technological capabilities of what we’re talking about we got over here I’m going to highlight this and if you want to just go through it we’ve got Bitcoin right here and they’re they’re worth the most right now in terms of market cap and awesome value corn quote and you got a steering right here and what’s the correlation is I think this section right here right which is the speed of transactions yeah if there am is transactions per second Bitcoin is about three to four maybe maxing out at seven and so I put them over there sort of on a scale of you know Bitcoin is how fast can you walk if they’re in yeah maybe how fast can a horse run and then clear over off the chart the various technologies that that on our block chains bitch air is steam and you know EOS is shown I probably should have shown it clear off the right-hand my speed of a board cube or something I don’t know but it would you know it obviously allow us to scale to where the right-hand axis becomes meaningless because there is no limit but the real question I want to ask everybody is you’re so used to thinking of number one being based on the metric of market cap okay but certainly competitions of all types just look at the Olympics there’s all kinds of games where different things become what the competitions in my competition comes to the ability to scale they and all the world’s transactions the technologies we see along the bottom x-axis there are the ones that as far as I’m concerned determines who’s not who’s number one not not the instantaneous market cap that might tell you the market cap rate is a an indication of past history it doesn’t really tell you anything about the future or not much what tell you about the future is the x-axis in terms of what is the performance of different systems so I would argue that the technology is that we’re promoting are number one and Bitcoin is you know clear back at the beginning and as I’ve always said I salute Henry Ford for developing the Model T but don’t drive Model T’s anymore if I’ve got a starship I can take absolutely and that’s that’s a really good point that puts it into a very good context I think for a lot of people when I heard you say that the first time I kind of chuckled a little bit but it’s so true enm thank you Henry Ford II now and take you right brothers you know and Leonardo DaVinci to but I’m not flying what I think it draws Atlantic or even taking it up anywhere around here either for various reasons and it makes lesson and I would like to say you know when people start understanding technological capabilities of what we have to offer when people start understanding not just the tech but just the ability to save their assets and to have more control over them and to have personal freedom of it I would like to see the value six years and steam videos continue to rise and I guess have that value be recognized in terms of market cap and marketability then that would be really great stuff so on this next slide well just a minute guess what lacquer we got feels a little robot sir I’d like to just mention yes sovereign software companies you know we have a collection of people on this call that may range from people who have been with us for the past four years and basically we started four years ago tomorrow on July fourth the development years so long history with some people but some people just joining us and certainly all the people who want to reach with the hero had no idea what the benefit of a sovereign software company might be decentralized a communist company is what we called it four years ago but I’d like to emphasize the sovereign the idea that these companies sit out there and cannot be interfered with by anybody and he government any power any big bank that’s what bitcoin was originally designed for and all of these block cane based systems are basically there because they’re built out of a whole bunch of computers scattered around the world to check each other and no humans can corrupt because their robots are all checking each other and the robots are programmed to be robotic ly honest and therefore we’re relying on that but here’s the other big factor if we were to try to go out and sell that to the average consumer today that doesn’t realize how much at risk their money is in the current system even though every decade we’ve seen some major currency collapse going back as far as you can remember but people just don’t have memories that are that long new people are coming along all the time and T the Great Depression and the all the inflation’s that happen somewhere else really don’t enter into people’s consciousness so if we were to try to market bitshares as we have for the past few years as being really high performance and really incorruptible guess what that falls on deaf ears a lot of people that’s why we invented the hero we need to meet people and solve problems that they care about once they’re there we’ll teach him about the other benefits and I’ll never want to go back but that’s a fundamental difference in our marketing strategy coming forward in the coming year and what you typically see people out doing various interviews and so on talking about their great new blocking most people don’t know what a blockchain is and don’t care to find out but if they can go get % on a passbook savings account and maybe that’s worth learning about and so that’s the big difference in our approach yeah okay and in that that puts in a lot of perspective – how many people here understood kind of the approach behind that that we we want to be able to we’ll take the power away from everybody – correct or control it and this is a way to do so how many people here are getting that I see I see people enhancer down there so awesome now we had a couple of questions they’ll answer a few of them – so he says hero works the same way as bitusd apart from different interest rates we’ll cover that here in a few minutes somebody’s saying I think for block change in general it’s super important to have developers be cool for developer like me that just starts out in a black teen area to have video tutorials to get started with bitshares yet I think that those kind of things are are coming in the future now that now that more people are showing some interest in it you know we do have some core developers who’ve been around for a long time some of them may be on this call there’s other folks that have been on here working with us and as Stan just mentioned and chewing on the slide different spin-offs like steams kind of spinoff from what was started by EEOC is kind of a new interation it’s kind of Richard on steroid and then some and with Daniels new project with that which congratulations on I mean over million dollars donations within the first few days and stuff like that great I think it’s on track to be one of the biggest I SEOs if not the biggest ICO in crypto history which is going to be kind of fantastic thing so many much in pure plays which is another spin-off by Jonathan and the rest of his crew and there’s a lot of other developers again at Stansted who’ve been in the bitshares ecosystem working really hard to develop separate companies that help build on what we have to offer to bring in more people open ledger Ronnie over there and other people we’ve got you know the remedial projects and other folks that are trying to bring in and trying to build out the ecosystem so folks can on-ramp off ramp and do different things within here on this next slide and it let me Google or get rid of that drawing is again in perspective of the technology in and of itself but this is really this is a really important slide because of what we discussed go ahead and go over what you want to that I wanted to take a minute on what I think is really important on this particular slide okay well there’s two things that are being talked about one is just the total time it takes or the total transactions per second it can happen I think most people have noticed Bitcoin with seven transactions per second and aetherium with those are good for you know experimenting but it doesn’t scale so you put a big task on to it like for example a big major crowdfunding activity suddenly they clog up and have to start rationing their bandwidth because they can’t get everything done and that’s what’s driven up the price of doing transactions on those networks but generally that’s what you get throughout the industry and if you look way down in the bottom right corner the three little bars are shown in that circle compared to the total capacity that bitch shares brings to the table yeah it’s not even in the same league all those little bars you know that are about the same size as the dash bar over there are stacked up to represent recent stress test that we did that’s not a limit on how much we can handle that’s how many transactions we were able to generate and the system didn’t break a sweat theoretically in the laboratory we have shown that the technology has the capability to go up to , transaction per second if people out there just switch to you know state-of-the-art processors that are commercially available that’ll happen as the actual usage picks up note also by the way someone’s asked about peer players I put a little peer plays symbol on that chart over on the right and area just as a salute to them but yeah they do count to using the same technology as bitshares and steam it enhanced with new features I’ll let you talk about the other circle there Michael yeah you know I I really like this one uh first of all I stand pointed out you know we got seven you know transactions per second transactions per second those are all great but again you cannot replace a global financial system be a global banking alternative even even really do a decent amount of point-of-sale transactions per day at a busy company let’s say Starbucks for instance you know and be able to run on any of these networks Bitcoin Siri or desk you just can’t do it I just I don’t see a way to do it and I’m in e-commerce you know I’ve done this stuff for years I know people who run websites that have you know tens of thousands of transactions per day ease easily when you start adding up one company with , transactions and maybe have a hundred of those companies that have , transactions what’s that do these networks what’s going to happen is exactly what you seen happen in the last days you see large crowd funds icos but it doesn’t matter that it’s ICO you see a large amount of transactions now their fuel these IPOs that are coming people all want to jump in so they’re all pushing all these transactions to these networks but it doesn’t matter what it’s fueled by the ICO is feeling it but what it is in general is always transactions coming through the network just like any other financial network like Visa MasterCard or anybody else and they’re clogging the network and are causing the network to shut down go slow exchanges that are trying to exchange those types of currencies and critical assets unable to trade those assets customer support departments being clogged to the point where there are two three four weeks out in support tickets people sending assets to convert from one to another having those assets hanging ether so to speak but maybe maybe not intended but now it those things happening those things happen big problems I don’t know what’s going on here I got a something that’s not happy those are all issues that you have to address and those are things that I saw Daniel attempt to address years ago at Bitcoin conferences in Austin in Las Vegas and other ones where we brought this up in side table conversations on stage through keynote addresses and these were things that were not taking it seriously when they should have a thing now here’s why and this is the second part of the graph that you see here if you see the cement bitshares section right here this circle what’s really interesting about that is this is peak transactions per day what I think we almost hit either , transactions just on bitshares last week in just one day which was pretty amazing since almost a billion transactions in one day on the good shares Network alone that doesn’t even include steam it boring of the other projects your honor so what you see here is that schema and viscera speak transactions per day totally eclipsed experience and bitshares any of the other crypto assets are out there in fact if you take the top or or even thirty crypto assets and PI on all of their transactions per day together pictures and scene it’s still eclipse them and we can handle all them what that also means that all of these IPOs that are clogging up Syria and everything like that this is pretty crazy to think about but every transactions that’s done and all of the major cryptocurrencies combined plus the I SEOs that are happening on a theorem all the same time could happen on the bitshares network and it not have the congestion that is what this means that is the capability of this network Daniel force saw things like FEMA for instance and I think this is a really great example of an argument for using bitshares graphing blockchain technology for industrial and commercial usage FEMA is a social media platform you know you have facebook on an average day thousand lights per second that’s just like so there’s may include comments as include people posting things as an include tags that include any of that that is just like those are operations or transactions on any sort of network you cannot run a social media network on the other blockchain technologies that are out there you can run it on pictures graphing technology because it’s capable of scaling to one hundred two hundred thousand transactions per second maybe even warm that’s what that’s what what is very important about this slide if you want to be able to have industrial commercial usage if you want to have social media networks if you want to have actual point-of-sale transactions happening on network just imagine you know a thousand different companies using one point-of-sale transaction system you know what would that look like how many transactions are happening per second or per minute that’s a lot of transactions it’s not going to be able to happen on these other technologies maybe they can catch up maybe they can hard for maybe they can do that stuff but these being things these these capabilities the technology that we’ve had referral systems to transactions per second the scalability we’ve had this for three years and it’s been out there tested secure it’s never had a day of downtime this is what’s important and I think this is perfect she shines and if people were able to understand and see this and recognize it for what it is that’s where I think you’re going to see that big jump that’s where you’re going to see that jump that we were talking about on previous slide so okay Michael we’re getting a lot of really great questions here that should have been we should have made this chart a lot busier because it currently we’re leaving out a lot of things I like to quickly run down through here and just give some real bam-bam-bam answers to some of these questions before we continue if you don’t mind if I want to be important okay first question Hiro works the same as bitusd apart than the different interest rate yeah it’s definition is that it grows five percent against the dollar per year since and we’ll talk a little bit more about that coming up but it basically it’s a market pegged asset works just like bitusd and next question is you know what platforms are we going to be advertising on we’ll cover that coming up a little bit although a lot of that is determined by our advertising partner that takes over tomorrow that doesn’t mean I won’t write stuff but they’re going to watch what I write because they want to manage the brand I mean these guys are pros and they have access to every media out there you’ll probably see when the time is right mainstream adds like a Geico ad or something it could happen right now it says we could use a hero to help medical marijuana industry yeah there’s a lot of people in that industry that need a currency that won’t be interfered with you would not believe the number of people Michael talks to on a given week interested in in that so this would be a perfect thing for them to use and let’s see the idea is not to spend BTS so a good thing to go over is how do we get cash to spend anywhere it accepts MasterCard okay I’ll leave that one to you Michael when we get towards the end and then let’s see we’ll just I’ll come back and I don’t want to repeat every one of them until we get I wanted to pick up because some of these will cover in due course that difference between pictures here oh and it’s cerium well the hero is basically a asset type or some type of class on the bitshares Network Hysterium that is its own blockchain networking payment network as well as ether which is its kind of currency on the network bitshares is its own network and also a denomination or currency or share on the network as well kind of like Bitcoin is its own payment network as well as a currency on the network another question some merchants accept Bitcoin which is what makes it so valuable though merchants accept the hero ah very interesting many things to be said about that it turns out that accepting Bitcoin directly is going to become a thing of the past it’s been bitcoins advantage as you’ve indicated but more and more payment systems are abstracting that out and accepting dozens of different currencies so that it doesn’t become necessary for merchants to be aware of what digital currency is being used Michael’s got a company that will load a debit card from any of the main currencies including the hero and you can then just go spend it in debit card anywhere you want you can see that in video com so it doesn’t matter is the bottom line long term that that advantage Bitcoin has it goes away but keep in mind by the time the hero and bit sure is this number one will have that advantage if we ever needed I agree and also it’s maybe not necessarily to be spent to I don’t want to be giving advice on what to do with your money or anything like that me personally I see the hero as something that I would put my money into and keep into I wouldn’t necessarily spend it but I want to spend it I might move some out in to something that would be more expendable but the hero is supposed to appreciate at an average of five percent per year so if I were to be spending it I’m kind of spending my my nest egg that’s appreciating rather than letting it sit there and accrue so I see people as holding the hero more than necessarily spending it but I do also see people you know doing some transactions and I see people holding on to it as a savings more than anything like that but I see other people who talked about accepting it as payment I’ve accepted it already as payment but I didn’t cash it in I saved it so you know I would be willing to accept heroes’s payment for different things and how many people here if you guys know about hero’s would accept a hero think you know let me know because that’s important to us too we’re actually considering paying people in heroes for different asks so you know that’s something that’s important to us what’s the let’s see what are the hair max go ahead yeah that’s what I was going to talk about next what are the drawbacks of the DAC Eugene management issues this is actually an inverted question because if you look at the management issues Bitcoin has it cannot even decide what the blog new block type size ought to be Richard chairs has upgraded many many times during the past few years with new features the community has the authority to decide to do an upgrade and make it happen very quickly so it’s actually an advantage although technically bitcoin is a deck it’s decentralized it’s autonomous and it’s a company whether they realize it or not it’s just a very simple company and it’s unprofitable and it doesn’t have any kind of a management methods now one of the true interesting challenges is to improve management because when you decentralize management you pick up the the lack of immediacy that you know at a dynamic company with Steve Jobs at the head of it who can make an instantaneous decision I don’t get that type of flexibility and so you’re always limited that if you give any system that much power it’ll probably run away with you and become corruptible by some other outside power and using that against you so it’s a compromise but bitshares is actually one of the most successful government systems that you could get and still remain highly decentralized right that’s that is very important and that’s part of this part of the problem I guess and part of this solution that we have here is that we don’t have that central authority we don’t have that one person that can go and just make that decision and there are times that that is really really good you know when you’re worried about corrupt ability and stuff there’s also times when it comes to pivot that you’re not able to do quite as quickly and maybe that’s the next problem that we need to work on solving is how to get the folks that are voting in the delegates and everybody that are on this part of the system to be able to move a little bit faster and in those times be able to vote for initiatives and and workers and things like that and proposals that we put out on the network but that’s also part of the strength of this network is the governance of the network the way that we have governed it the way that it has been governed by the people we don’t always agree with each other and believe me there are definitely some decisions that are made I am NOT the most pleased with because it’s made what I feel is a adoption of bitshares a little bit more difficult that’s my opinion you know and that’s not the overall consensus of the rest of shareholders so I you know I accept to ride that out and hopefully they either see the light or something else changes or something else happens right it’s kind of it’s going to how it works well this next slide a good one because it’s kind of about the guy responsible for a lot of this now there’s a lot of folks that have worked on pictures that are responsible for what it is today absolutely but I think the person that dassault starts with is this guy right here Daniel armor which is Stan’s son and Daniel again if you guys have seen us speak previously but I’m going to just say again that Daniels really owned those guys who impressed me on such an intellectual level the first time I met him and then subsequent conversations at everyone since then I always have value any time I’ve been able to spend with him personally together with him physically or even on any conference calls and we spent a lot of times on conference calls in the past when um bitshares is being developed in the . everything features what I gathered from all those conversations is that he just has this vision there’s so much far beyond the scope of most people what they’re able to see or even care about we’re going to be able to implement work built and he’s able he’s been able to do that over the last few years particularly and I’ve been starting to see a pattern of him stair stepping everything that he’s been trying to do he’s building this out in increments he realizes that you can’t build a whole thing out in one piece he had to build it out in pieces and parts in order to get the whole thing into play and I see what he’s doing now and so Victor’s itself was a was a huge jumping technology if you look at blockchain technology and everything that we’ve discussed so far on this call you see that this bitshares blockchain is the most technologically advanced most scalable for commercial and industrial purposes and in most application technology it just is and this was a few years ago since then he was able to create the steamin platform which is again another technological success it then showcases the ability to have that many transactions per second that in a blockchain that’s not just used for currency or crypto or anything like that and in and of itself with this entire social media network that also has its own asset or currency that rides on it and that in and of itself is huge to to be able to that and make that leak from the bitshares system and the decks that we have to steam it and now te OS which again I believe is going to be on track to be the largest donation and contribution ICO in crypto history it’s going to it’s going to get there I believe it fully it’s only been what five six days out and it’s already in some of the top five or ten that have ever launched and it’s still got another three hundred fifty something days to go so we’ll see what happens I myself am really excited about the advent of that technology and what it’s going to do for bitshares what’s going to do for blockchain technology and the world at the hole Daniel you know and he said this ever since I met him is that you know he and his principles and what is his goals are secure life liberty and property for all freedom you know to make your own choices without third party stepping in or people getting involved and that that was really great and so like I said you know he really impressed me first time we met he talked about everything from flying velocity and technology to the insurance industry entertainment to medical records to you know everything I think we’ve even talked about like DNA sequencing and all sorts of craziness you both this is the stuff that blockchain is capable of and years ago when I met and that’s what turned a light on for me I thought to myself this is way past Bitcoin we’ll wait a minute here I get it now and that’s why I’ve kind of just worked alongside as much as I can to promote bitshares and the understanding of this technology and getting some sort of adoption or usage or anybody that to really understand or shape any sort of course in this so that’s why we’re here and Daniel I mean he he walks the walk and I don’t know what else I could say about him other than he is one extremely smart person that has a lot of convictions too and it’s based not just on his word for his actions and that I can appreciate quite a bit so I’ll quit quit on that slide and can move over this one and this is a good timeline of what he’s done I’ll let you kind of go over this a little bit and then I’ll fill in it through thinking four years ago tomorrow we started a company dan it was the vision behind it he got some investment from a big investor in China within five months on September th Guy Fawkes Day or November th Guy Fawkes Day introduced proto shares which was just a clone a Bitcoin but it was a way for people to own a coin that could then be upgraded to the destination of over time so it was the role ETSI Stiletto yeah it’s it was an early crowd funding mechanism a distribution mechanism where people could mine coins and so a lot of bitshares distribution comes from the same type of mining model as as Bitcoin but within a couple weeks all the big Bitcoin miners were turning their power over onto that day we put a few hiccups in there to make it so they had to modify their code but didn’t take them that long to do that and then suddenly they were sucking up all the proto shares just like they suck up all the Bitcoin and selling them into the market so we came to the understanding very quickly what’s the point if people are selling them into the market why don’t we just sell them into the market and bypass all the mining mythology that even today over half the bitcoins out there are mined by three companies and sold into the market so that’s where we started the trend towards initial coin offerings proud sales that’s where the model that’s being used right now in the eos distribution was first invented in something that was called angel shares at the time which gave people a chance to compete for a small group of shares every day for a hundred a period and so oh this was very cutting edge at the time and now everybody’s doing it but what happened is a year or so later bitch Ares came out and it started running and proving that you could put an exchange on a blockchain not just a coin and a whole smart coin factory for that matter then he went back to the drawing board and decided to accelerate it and a year later came graphene which pitch here is upgraded to and that’s what gave us the Lightspeed performance we’ve been talking about and steam it then pure plays spun off using that technology and now when EOS comes out about a year pitchers will just adopt that technology that’s huge because the other competitors out there are still stuck back saying we can’t upgrade why can’t Bitcoin upgrade to this technology right now because it’s run by miners and the miners make make money and they have a monopoly on it a few big miners so it can’t upgrade to something that would eliminate those miners it’s stuck in the Tar Pits but we don’t have that need to stick with year old technology we have demonstrated a smooth three second upgrade multiple times and that’s what we’ll do a year from now when EOS comes out we’ll do an upgrade to that technology while continuing to keep everybody’s ownership in the in the current system intact not change which is really saying that’s the disagree point is that only son of lot teams have been unable to keep up with changes have been able to keep up with and pivot with what happens in the world and I’m sorry you know it as a business owner and being in business you have to be able to adapt or you will perish that’s just the way it is this years has been able to adapt and continue on and not just adapt but to evolve evolve blockchain technology evolve the way that people market their blockchain businesses even with the ICL model structures that are out there today and can we did why don’t people like seoeon bitshares because they don’t know they don’t know any better that’s one number two you know aetherium is a more widely distributed token so it’s easier for them to potentially you know have distribution but when you have these problems of these ico shutting down entire payment networks you know when is enough enough so I see a lot of people in chat being very upset about Assyrian and about the clogs the congestion incoming it took me five days to get Experian the other day no you know customer service support help or anything like that until it finally came through it’s just because that network congestion stuff it’s really difficult to do business like that so they don’t I don’t think understands and as soon as we start having some high profile icos on bitshares i think you’re going to see a lot of people looking at it and say that’s where I should be at and that’s something I’m working on personally is bringing my profile i ciose to this year’s network over the next six to twelve months I’ve got about fifteen to twenty very very good i SEOs that are lining up and we’re just getting ready to put together the right team we’ve been putting it together now for the last month we’re going to have the right team to start pushing these out on the network in a very thoughtful good marketing campaign of good businesses but yeah now I think we’re going to have to move along because I’ve got about another half hour and then we can leave you answer all the rest of the questions if you want I like to get to the answer a lot of questions excuse me the big elephant the room question a lot of people are asking is if this is so good why aren’t people using it and the answer to that is because we have not had the marketing in place to do it what are the strategic alliances now one thing I will certainly say that clean aetherium have done their homework those teams did make good alliances and as a result they got a lot more adoption our approach has been if we build it they will come and it ought to be clear that building that system is not good enough you’ve got a market it you got to make strategic relationships and we’re finally doing that we finally got a team in place that has brought in an unbelievable number of supporters and investors and marketing power and we’re going to start leveraging that so once we do that we think that we’re going to have all the market liquidity and everything else people expect in order to adopt something the only reason people use the etherium is because it had more raw money sitting inside it they could be spent on the ice ago once we do that same thing that limitation goes away and then people will pick it based on performance we’re seeing people move from ethereum already and so we’ll see that become an avalanche in Cibola there’s actually some of the top bitshares markets out there and you’ll notice that since we look at this hero has appeared in two places those markets are now becoming more popular although they still lack a lot of liquidity that will come once we get some marketing but Swabians been building a bot that will help keep that market making function alive and that will help improve the liquidity and that’s necessary before big sponsors are willing to put a lot of money into it because anybody that has a lot of money doesn’t have time to sit there all day keep adjusting the buy and sell walls we’ve got to get that automated before things will pick up and work as smoothly as we like and that’s coming up in the coming month yes that is coming up in the coming months so we do recognise the need for that and there are two different groups that are going to be using the heroes they’re going to be people who are going to be borrowing or shorting them in existence of speculating a little bit more and taking a little bit more risk for greater rewards and there’s many people who are using the hero to just buy the hero to just have a quote unquote safe-haven you know to sit inside that and to get their percent interest per year and to be comfortable with that so there’s gonna be two groups of people that are there and you know group to where they’re going to be just more concerned with the percent not borrowing or speculating or gambling a little bit more on the market they don’t need to be educated about shorting a hero or collateral ratios or any of that sort of stuff what they need to be educated about and concern with more than anything is just being able to have their money in a safe place that’s accruing interest in a safe way honest money that’s backed by something of value that they can be reasonably assured is going to maintain that value and increase in value and that’s that’s its value prospect for them just as much as a bank try to make a case we’re having a interest rate of less than % on your savings account and people buying it every single day is that average national interest rate this point is zero point two two that is it’s crazy you know when a hero is percent and that I don’t think is a very hard value proposition for people once they understand that they can just put it in there and they see that value rise let’s see so this slide right here what were you doing with on this good – I don’t know we fluctuating market cap so much per day right now it’s it’s hard to keep up with it but you know the point is it sure is is already out there and been there for a long time adding the hero is the thing that can you know basically give it huge new legs because it’s something that we can market to the average person and that’s huge and with that everything else then can build a wrap we build around it and that’s what our marketing campaign can go now because we don’t have to go explain all the technical superiority differences we just talk to people about hey some heroes earn % and have a nice day so we’re leveraging that and that’s what enables this new marketing campaign or coming up with food right okay so on this one you’re going to talk a little bit about smart coin so the hero itself would be what’s determined to be a smart coins people heard about you know smart contracts maybe you may have heard of them smart climbs they may have heard of them maybe not what is a smart way and well okay best friend we start out with a dumb coin bit coin I’m not being purged or ative but bitcoin is a dumb coin it sits there and gets passed around but it doesn’t have any processing inside it it’s just people traded based like a dumb thing so silver or gold whereas a smart coin can be programmed by a smart contract to guarantee a share of another asset that’s put up as collateral to bakit and so you could make the equation be anything so people are talking about a definition that actually oscillates in time for certain applications and in our case the smart coins mostly say this coin is going to track the value of some of the fiat currency like the dollar euro yuan whatever but with the hero it actually closed in a growth factor of % annually and so it’s equation is a little bit more sophisticated and a smart coin is simply something whose value is defined by a smart contract in terms of another asset that backs it that’s interesting I know I am the next one we’re going to shoot some more about the hero and how the value is determined and all of that on this slide you know that what’s really cool about this is that you do get to see the usage of smart coins catching on quite a bit and the orange one is bit CNY so it’s actually Chinese currency right that’s that’s paid to the Chinese yon right and so if there is their reviews I mean they’re very pointing I into that that’s I mean I got a screen over here at some point but you see a lot of bit USD see bit see and why you see some euros but you I mean you see a huge spike in the last is this is this weekly here yes right every week for sure yeah thatis that is crazy I it has an absolutely crazy and you do see a live volume I started checking the volume of the market I’m using and there’s quite a lot of people that are putting money into become our coins because they are paid to the same currency that they’re used to so that is another value proposition people know what gold is or euros USD they could put their cryptocurrency into something like that that’s easier for mass adoption this is something that we were arguing in Las Vegas and Austin about price table crypto currencies when we I said I remember sitting there watching Daniel talk about unveiling bitusd and holding the pig steady and it was so funny I watched a video the other day and I was thinking about Erica da audience when this was going on and some people know I didn’t got it a lot more of them could not wrap their minds around how a cryptocurrency could have a stable value and it still to this day I see people getting to this look on their face like how is it possible so I think it’s possible through a smart coin to respond contract and through what we built right years ago here so this is a good example right here display which is the hero this is a smart coin with certain capabilities you’ve got bitusd pages of press the US dollar of value of the US dollar figure Oh same thing big gold pay the price of gold gold gold goes up and down that coin where that token goes up and down with it right so that is that it’s a smart coin bit Bitcoin value is determined by the market if you traded it any value for smart or it’s a dumb coin right does it have any sort of capabilities or values or anything like that what is different about the hero from a smart coin of like a bit USD to what we’ve got with the hero farmer well you know the big thing about the hero if you look at this chart you’ve seen the part done at the bottom it shows how the dollar has decayed because of people printing money but a reserve took over in and has been steadily eroding it ever since if we define the hero as starting the same day the Federal Reserve took over December a date that will live in infamy and instead you said ok we’re going to grow at % every year relative to the dollar what you see there in that upper curve is what the hero would have done if we had started it at that time and in fact that is its defined value today which is upwards of one hundred and fifty five dollars or something on the market right now because it’s defined to have grown along this path and so it doesn’t mean that its purchasing power doesn’t go up and down but it’s biased towards growth and that was the innovation that we put into the equation to make the hero attractive to the masses because if the choice is to hold dollars or to hold the hero and I think we can sell that as a better thing to do and that is the giant sucking sound that moves Fiat into the bitshares ecosystem I really agree with that too when when finally clear for people you will hear and I heard you say that before a million times it makes me laugh every time the giant sucking sound going anywhere ecosystem you know that that’s what I want to hear that’s what I’m really compared for and that’s you know so the value of the US dollar now is like what was like and some change it goes up a little bit every day because of the way that this formula works the value in and of itself is supposed to continue to rise up every day so people I see questioning here saying how the bikes and interest rate relate to a coin that will probably have a large trading range buying best now it seems the coin would write farm prices totally dominate % not sure what % is related to pike centrality to the value of the US dollar so % what one of the things that the % does is define what the force settlement value is yeah and and that’s the only thing that is fixed is the price that you can force the system to cough up that many bitshares at that price yes it can fluctuate around that with supply and demand and as supply and demand grows that should become more stable but not absolutely stable because if there’s more supply than there is demand the price will sag and it’ll also grow but you always have a point of reference of what’s backing it and that’s the key what is backing it is bit shares that are held in escrow on the system and the system promises that if you want to within hours you can cash it in from the system you don’t need to find a buyer you can cash it in from the system for that specified price and that specified price is what grows at % right that’s that’s really important parts of this actually so I’m glad you mentioned that is that they don’t have to find a buyer they can settle out whatever they want to holding that geared up for bitshares and that’s a valuable asset as they can go trade they can go spend they can go load into their bank account what with their debit card using the remedial service that we have or there’s other ways to do it so this is something that and actually be able to get the money relatively quickly too so that’s let’s see why not market the hero to exchanges as US dollar alternative that’s probably what’s going to happen here after we get more volume and some usage out of it and more and more people holding it we’re going to hopefully see other exchanges not just picture this changes maybe some other ones participating in that because they see the value of holding those heroes because even those exchanges can participate and getting that extra % but if they want to let’s kind of go on to a little bit more site I know you’re under some tyson straits here so we’re now we’ve talked about two different kind of camps for for the hero the savers who just buy the hero’s so they have something that is accruing it at a reasonable rate of appreciation five percent what are what are we looking at right here which is i think the other group of people that speculators i’m really really happy with this chart because i finally found a way to explain this it’s not complicated at all well you all know how to get a home equity loan you go to the bank you give them the deed to your house and they lend you money and if you don’t pay it back they take your house easy peasy right we just found a way to take that loan if you will and loan it in the form of a coin called the hero and we instead of giving the lead to your house to the bank you give them control of your bitshares so you still own them just like you still own your house but they’re locked up as backing for the loan you took out and the loan is in the form of this new coin with all these wonderful properties we’re talking about and you can go spend it and when you spend it it circulates just like another coin backed by your equity which is locked up so that if somebody needs to ever cash it out they can and the rest of the system is just the blockchain managing that banking function of locking up escrow and putting a coin back by that escrow in the circulation now in the event that bitshares double in value when the time comes to pay off your loan you’re only going to need to have as many of them to pay it off and so you go out on the market you buy a hero for half price because the coins of herbage shares have gone up by double let’s say and that you got it for half price you can go pay off your loan and guess what you just made it appreciation that’s the same thing people do when they take out a mortgage on their house and then they come back ten years later and find the housing prices have doubled and they pay off their house with cheaper money and that’s all profit and that is the motivation for people to borrow because they think the cherries is going to go up of course if you take and sell your coin in order to buy you know cases a beer or more batarus whatever you want to spend it on and if the chairs goes down now it’s going to cost you twice as much to buy that hero back so you can pay off your loan that’s just like the housing market collapsing and leaving you stuck with a difficult time paying off your loan so all we did is make that an automated process and what the hero becomes is something back buy assets stock in the bank if you will in this case the by tears Network and now you know if you were backing it was gold in a bulk how do we really know that there’s gold in Fort Knox or that a bank hasn’t sold that gold gold to five different people or a fractional reserve eight or whatever in the bitshares system you can see that every one of those heroes is backed up by at least twice the value of it so that when the time comes to cash it out you get a full hero’s worth of those pictures that you can sell and the person who took out the loan gets the rest which hopefully will make a profit but if not they take the risk the holder of the hero doesn’t take the risk and so it allows two kinds of people someone who wants to bet on bitshares going up they take one side of the bed and the other person says I don’t want to risk it going down so they hold the heroes and they just swap what the benefits are the two points buy a smart contract that is enforced without any counterparties yeah yeah pretty much um welcome question to this infamy it’s a preteen five percent well the five percent comes out of the settlement cost if we just sit statically and let’s say the cheers doesn’t fluctuate and I took out a loan when I have to go pay that off the value of the hero has gone up a five percent over a course of a year that means that the escrow I set aside is going to not going to have to use an extra five percent of it to pay it off and I would have when I first did it I’m counting when I do that that I can grow faster than five percent the bitshares will go faster than five percent and in particular we’re saying a factor of , like Bitcoin theorem have done and so if we can show our plan to make it grow that fast a lot of people will want to issue the heroes and that will make a big supply available to people who are retirees who just want to secure savings and when those retirees spend them they just transfer to someone else with loan stays in existence when someone wants to force cash it out they can do that but by then the back people who took that that I’m making is it will have grown more than two and a half percent remember to double the amount packing it so you don’t have to go two and a half percent to get enough to pay the five percent right so it’s a pretty good bet that it’ll grow two and a half percent not guaranteed and we see examples if you look on a very narrow time window where you could go backwards so you want to make sure that you have extra collateral put aside and we’ll talk about that a little bit right that’s that’s important stuff so again if speculators are betting on the value of pictures rising enough to cover that % and then some that’s really what what’s going on there okay so that answers a big question because a lot people have that too let’s see here so he says is this % times the current value of the US dollar five percent regardless of the current value of the US dollar is five percent at the u.s. dollar at since then plus five percent Acy so if the value of dollar plunges the value of the US dollar plunges right now half of what it’s worth in the euro is going to be worth half of what the US dollar is worth from up until this point so if let’s say it’s worth six right now be worth half of that pretty much right it’s not because it’s defined in how many dollars you get and if dollars worth half as much then your values half as much the hero is not guaranteeing that if the dollar collapses it won’t follow it down though this collapse five percent less but in general during normal times the hero is useful for canceling out inflation and in the event that the dollar collapses guess what people who issued the hero make out because they they’re the ones that get the benefit of a collapsing dollar so I was going to actually mention I did see a lot of folks but basically borrow a bunch of heroes into existence when the price of pictures was a lot higher and then I saw them selling them at a premium when bitch your started going down I saw the heroes go up in value they went up from whenever I think they were like I’m $ or something like that when pitchers would continuing to go up and I saw people buy them for dollars ever a hero so people were making $ per hero just on those sales when the market turns so even the speculators who borrow those is the indie existence took that risk they flip that risk back over and made money on the downstream yeah of course they’re taking the risk if it keeps on going down sooner or later they’ll get margin called and you know have to pay the piper but if they’ve got adequate backing behind it they can weather the storm and if their long term bullish they can make money on both sides of that because anytime the market is dropping the hero is rising because people want it as a place to weather the storm and right now because we’re just starting it weren’t enough to go around so people were fighting over them and that means of premium price habits here’s an example of levels of risk because sometimes people I don’t really understand what why they’re buying things and so we’ve seen some fluctuations just because we didn’t do a good enough job of explaining it to people so let me try to remedy that here there’s several different levels in this contest we have by the way no purchase is necessary you can play the game that we’re going to be talking about and earn free Rose which is just a dumb coin that we’ve created that allows you to earn points for doing certain things in the contest and those help those count towards winning the contest but not as much as some of these other things the things that are higher risk gets you more points and require greater expertise if you’re playing in the contest so buying a hero is a pretty lowest thing to do because it’s backed by twice its value in pitchers at least and backed by the the entire platform with no counterparty risk so you can buy that if you’re a retired person and it’ll be you know it’s not completely risk reading the whole world could collapse and and the dollar could collapse and things can happen but in general in the whole digital currency space the hero is remarkably safe by comparison to say buying Bitcoin which could fall in half any given day it’s been more stable cently but it could the next step up is if you’re recognizing the fact that we’re putting a contest in place specifically intended to cause people to learn about the hero and pitchers and anytime someone buys a hero it’s putting demand for someone to buy bitshares to make another one to replace it so everything we’re doing is driving is intended to drive the bitshares up by factors of in the coming year or two and so buying bitters and just holding it don’t anything fancy if you’re not an expert you’ll have to clear up to the next stage but just holding pictures it’s got flexibility we’ve seen it go way up past and we’ve seen it come back down with a half % correction yeah that can happen but over time we think that’s a good bet if you can stand the volatility in the meantime and then at the ultimate high level if you’re an expert you can borrow heroes into existence and use them to buy more pictures and that gives you leverage double the risk but you know a chance to really make out good but you got to pay attention to it and we got to discourage people from doing that if they don’t know what they’re doing just stick with one of the lower levels all of those things will contribute to scoring points and notice that you’re not giving your money to anybody else you’re just building your savings account up with a basket of these different kinds of assets and holding it as your savings account you always control it the only thing the contest does is give you credit for doing responsible things learning how to use our system and that controls who wins the ultimate prize which charity or other good cause wins but you’re not actually extending any resources to us or to that cause you’re just saving it and getting credit you get to determine which cause gets credit for you being responsible mm-hmm I think those are those are great points to an a that’s a great way to explain the natural progression of understanding for some of the folks that are out there that are in the crypto world or understand a lot of that is just getting a free ro you know buying a hero buying some good shares and a piece of actual network and shares in a network and it actually leveraging those and getting some heroes borrowing the existence showing into somebody else or keeping them or using Leafly mortgage shares or whatever they’re going to do with them um this is the this is a slide that you really like which explains kind of what you just talked about with either a person a company and I vo anyway regular a team of celebrities that are competing for a billion dollar prize perhaps something like that can use this method of what you just explained so you want to just do a quick run out of this slide right here an explanation of it you kind of did just a moment ago but this is a good visual of it yeah and I’m going to do it very quickly because I got five more minutes but this is just saying that you know we’ve talked about doing one little operation but if you set it up so that you have a stream either savings from your paycheck a certain amount every week or if a company has a profit stream or whatever if you do that on a regular basis then basically that stream gets used to purchase pictures which could lock up in escrow and you borrow against that stream to just fund whatever you’re doing you know to pay your mortgage or to pay your employees or whatever so we’re working with a lot of startups on this model where the investment dollars come in and get locked up in bitshares ESCO and they borrow against that to fund their company meanwhile the it’s causing buying pressure on pitchers which makes the chairs go up in value so that they never actually spend the company’s equity that equity is growing and every other company in our incubator doing that same thing is all causing benefit every other company and part of the contest is to get everybody in the world doing that so to go to the next chart and look at the you know yeah look at a imagine every company and every person out there is got some revenue stream going in there into their savings plan and they’re spending heroes into circulation those heroes are backed by a growing value of bitshares and that is the you know virtuous cycle that causes bitshares to be biased towards always going and more we’ll do this the more heroes are taken out of circulation the more valuable they become and the less risky it becomes to do that borrowing heroes and shorting them into into circulation so we’re out there with this contest encouraging and trying to get everybody in the world we won’t get them all some people just won’t want to do something that complicated but a whole lot of companies we’re working with will do that and that’s how we buy us pictures towards growth and that’s how we get to the likely event that we can do the growth to a billion dollars from a million dollars in less time than it took Bitcoin in this area I got so look at the very top left corner the hero backed by bitshares bitshares are backed by business we’re trying to work to get a lot of businesses buying pictures in this model so that they get lots of growth themselves and that’s what backs that share is to make sure it grows so that the hero can be generated safely by lots of people all right so could anybody from like you to somebody just taking some savings you know other normal paychecks be you know companies that have existing revenues or existing businesses can be people who are doing ICS or crowdfunder anything like that you take funds that are putting in their five bitshares not spend their VIP shares they still own them generate heroes to them pay for their stuff buy more bitshares increase your investment leverage or whatever is there looking to do but be able to still hold those assets and as they’re increasing in value take more of a loan or take more of Heroes out or decrease the amount of collateral they have in their of their investment right and so they be able to decrease that down okay so these are all these are all really great points that that you’re covering right here so we’re throwing a contest and we’ve got four minutes so we’ve got a billion hero challenges is what the contest is and let’s explain how this works so there’s a billion dollars in and we’re breaking it down to twelve different teams are going to get a payout when we hit a billion dollars credit that’s correct and that’s that’s measured by a weighted sum of all the members of each team you can join a team by simply pointing your up proxy link to the account of your team leader and that team leader gets credit for doesn’t get your money just gets credit for how much of the different things you’ve done how many heroes do you have how many have you shorted how many bitshares you own and how many of the free rows have you accumulated by participating in different ways to earn free rows that probably will create a little market for the pre row of people who earn them and so the people who want them for the contest reasons who knows what will happen there but that’s just another little side issue like that when the final value of that prize money which will get put in place probably tonight at midnight grows from a million dollars to a billion dollars then whoever is in st through th place in that scoring mechanism will be issued those that amount of bitshares for the cause that they have been championing so their job is to get as many of their followers as possible to participate so that not only do the followers gain their own knowledge and and savings but their team gets a chance at chunks of change that they can spend on something that those team members care about ok so that and that’s a billion dollars we’re giving away here and definitely be seeded by how much is that going to be seeded or what where’s that money coming from well what we did was we picked a point during the past month where we crossed for the first time a x growth from our minimums we started out a couple months ago with the chairs worth a third of a cent okay and when it reached a third of a dollar back on June th we lock that in and said guess what we’re not going to that first x growth we’re going to start the contest there we’re going to put three million bitshares at cents into a kitty it was worth a million dollars at that time it’s come down a little bit since then but that’s okay we have to climb clear up to a thousand times that cents so that’s three hundred and thirty three dollars is what bitshares will be worth when the contest is over and if we can do it faster than bitshares that’s probably faster than aetherium in Bitcoin that’s probably sometime this decade that the prize will be ordered I agree you put it in perspective hitting three hundred dollars for crypto it’s not that difficult that’s going to happen several times now so in the doable entirely doable especially when you’ve got an initiative behind you so speaking of initiatives we’ve got a bunch of different folks that you have been tirelessly if you’re working it and networking and moving and shaking and I’ve done a little bit of work on this too but you’ve definitely been all over the place working on this and this is fantastic stuff so we’ve been putting together what we’d like to call our hero makers but anybody can be a hero maker anybody can be a hero anybody can participate in this you do not have to be rich famous good-looking although all of those things you help so these folks are what are they doing out here and how are they helping us achieve this billion dollar prize well each one of these persons has a group of fans or followers or a network of friends that they think that they can a list toward some cause they believe in and that their friends believe in I’ll publish an article tomorrow that talks about who these people are but some of them are very famous super respected people some are controversial some are unknown I selected those just to give you a sampling of the variability but since anybody can lead a team even five has put out a post on statement to lead a team and so over time I’m we’re not trying to bias gook and then we’re just getting a few leaders to sign up to get it started they could win or somebody could come out of nowhere and win it and we don’t want to constrain who can win it whether they’re the saint or a sinner is not the issue it’s can they get enough supporters to vote for them to be one of the winners and will will let it go at that Brian Williams is a guy that’s got a big plan like that to bring a lot of his friends together to do concerts and all their fans will be recruited into his plan that’s just an example of one guy’s job yeah I do not drive one of the teams right we’ve got a lot of teams but the city so he what he’s doing is he’s putting together a lot of other influencers that he can use and leverage and work with to win this challenge faster and so I think we’re going to see other people and influencers like that aligning to be able to do the same thing and this is a really good example because you see a lot of people who are you probably recognize pictures on here yes all right cool and so this right here is going to be an example I see this is an example of the hero to the pictures market right now correct where did I lose Stan here oh I didn’t stand all right so so questions Glen shoot me any questions that you have right now we dressed quite a few of them but if there’s any of them on here that I can jump on let me know and may have been lost yeah he did have to go so if you just mention that previously uh so this is an example right here of the hero market as you can see right here the big-haired X is a little interesting you know folks are using and starting to get used to it but like anything else to work in progress markets are always going to fluctuate and as I mentioned be able day now I’m sorry just go just a little bit ago yeah and the other day when I changed some folks when you see the pictures market go down and you saw the hero jump and value and it did stabilized after a little while but people were jumping over and moving into it as a way to shelter the storm and way to shelter the downturn in good shares somebody asked a question uh am I worried about the bitshares price up and down or whatever it’s done recently no I’m not really too concerned with the the value or the price movement of pictures before the launch of the Hero competition just because it’s July th does not mean that everything’s going to happen all on that day and that’s just the beginning in the launch the start of the competition we anticipate this competition could be anywhere from months to maybe even a couple of years long we don’t really know what we do know is that we’re going to continue to fly around to teach to educate to get more hero makers and other influencers involved I’m speaking at several engagements this month and next month on blockchain and crypto currencies so I’ve got a lot of media interviews scheduled and I’m working out more of them right now so we’re going to be getting the word out on this but we need all of your health just as much to either make markets if you want to speculate to educate other people about this to show folks how easy it is to just be able to save some of their assets in something like a hero or bit yesterday anything but this is about the hero challenge in general and being able to give away this money we are putting that money into escrow with the intention of giving it all away when we hit the billion dollars you know we don’t want the billion dollars we want to give to other people the whole reason why we’re doing this hero challenge is to get people to understand the technology somewhat but some of them aren’t going to understand that more so it’s going people to have confidence in digital currencies crypto currencies and what value they can offer them once they get that and have that aha moment like a lot of other folks that had on here like all of us did not start out knowing as much as we know about cryptocurrency and blockchain but we all had that one moment where we started dabbling and then the light turned on and that’s what we need to get a lot of these are the folks understand to it that they can put their value in something other than us bankers Bank of America and get interest off of it and have it be safe and also be able to move around if they understand those concepts which they do and understand the ease of use by it it was going to succeed Stan and I have lots of plans as we go along there to hero initiative moved forward with the company here anomic we plan on creating a much easier to use wallet we plan on other initiatives we have marketing funnels that we’re creating with our PR marketing firm out in New York right now and you’re going to be seeing a lot of that as we go along let’s see here any plans to create a customized hero bit Cheers you interface yes absolutely we did we are creating bus right now to increase liquidity standard mention that Fabien Zurich you guys know him as on the forum he’s working on those software bots for liquidity as soon as they’re ready to rock we will have them out and going the only way to get a hero coin by borrowing against or can we use bitusd you can only get it by using bitshares right now you can get a hero coin by either borrowing it using the chairs or by buying it using anything you can buy it with the USD if you want to and then you can settle it and get bitchy chairs for it so does that answer your question I hope it does so I mean if you want to tune that sequence you have it USD you could just buy a hero and then settle it out so see how it does the price shift for hero if bit BTS go up does a hero goes down it’s possible and if you saw the pictures go up the value of the hero kind of did go down in that people we’re creating a lot of heroes and selling them and as with anything else in the market as they start selling them they’re going to start undercutting each other more and more and more in order to get that hero’s sold eventually pushes the price down that price pressure but if you just hold out if you want to wait for a little bit it’s almost always stabilized and remember the hero has just started this whole thing it’s a smart coin it’s going to hold its capabilities only we can’t be responsible for what people do in the market just if you know people make crazy decisions see how does the price shift for the hero okay we can stretch that is there currently enough liquidity you buy heroes and current market I believe there is but again I would like to get these BOTS out there before we get a lot of speculators really getting out there and borrowing heroes into existence I’m just going to say this and again I don’t get I’m not giving investment advice or anything like that if you’ve got to be borrowing heroes in the existence for anything right now you’re going to be one of those Trailblazers just make sure you watch your collateral level ever you know I say every eight to twelve hours if you can just take a quick look and adjust accordingly to make sure that you’re comfortable if you’ve got a large pool of bitshares and you’re in this for long term in its win it game for bitter spin it shouldn’t be a big deal to add collateral I myself am doing that I’m in it to win it I don’t sell my good shares I never have I’ve got a lot of them and I really care about the ecosystem in and of itself I want to grow it you know and so whatever it takes for me to have to do that I’m going to be doing that and most people that are shorting these and doing it believe the same thing based on conversations that we’ve had with them but if you care about this contest you will just learn about the heroes about about borrowing and buying them about how it works Anna Kate other people you know refer people to the bitshares system and get the referral fee that you get for using good shares you know you get referral fees for that stuff it’s great and then I help them with the challenge or be a leader just like some of the folks on our forum I’ve already started getting referrals and building out their teams you know this is all work in progress you don’t have to be have a team and be ready to rock tomorrow you guys can still work on this for the next several weeks or months and make this happen let’s see here we plan to create a simplified wallet to buy the hero yes we do have plans to create a simplified wallet spy to hero the wall is the average wallet a little complicated I absolutely do agree I’ve been saying that for a very very long time and so we do plan on doing that I I would love to see you know bitshares initiative of a worker proposal to create a more simplified wallet for richer community in general but we do plan on doing that for the hero either way unless somebody steps up in the victory community and does it and we could assist in some sort of way or help pay for it that’s an option – we’re opening it pretty much anything right now to grow this because our overall goal as with anything is to grow pictures technology network understanding of it and the uses and use cases of it from both the best about use cases of victory technology we can point to niche areas we’ve put to steam peer plays all of those are great use cases most of them are working you know companies with market cap values of at least two three hundred million dollars and up over half a billion dollars maybe even pictures over billion about two weeks ago it’s a little bit under right now but that’s pretty impressive stuff for companies that just started within the last couple of years being worth that much one where’s the forum so I can follow the forum is bitshares talk org bitshares Tosca organ just google it you’ll find it there any other questions folks and then I will cut this off string now spin and I will plan on doing some more of these we may even get into the wallet and actually do some borrowing and trading of heroes so you guys can see it live in action as we go along but again we are going to have a replay of this in a couple of hours I’ll be answering questions in a chat you guys have me feel free to ask them in there I’ll be answering them I would really like all you folks to just send as many people as you can to this reporting if you if you’d like to – the link to register for it and we will be doing a replay again probably in about a week or so after in the United States I know not every merica here absolutely fact more non Americans probably than not but there’s a lot of people out there me mailing this out to a mailing list of about , people as well as dropping it into some cryptocurrency groups on LinkedIn and Facebook them and members up that will be getting subtraction on here so I would really like to get feedback on this presentation folks is anything that you think we can add some folks that they’d like to see us update the smart coin slides will update that we’ve actually updated it three times and you have to continue to update it but we’d like to really jump on and do whatever we can to help you guys out that in either educating others answering your questions make sure you join our telegram channel we have the bitshares dex channel which we’re Stan and I are on there all the time anyways but we also have a specific channel for the hero I’ll actually drop down to chat right now here we just go ahead and pause my screens and I will beat you guys a link to the hero channel this link right here drop that out to the entire audience as well as a link to the website where you can learn more about this hero and about the initiative we will be revamping the website to reflect some of the changes and just you know some overall a housekeeping looks a branding style based on what our PR agency is saying if anybody wants to put in for doing web breezes either web redesign or user interface for the wallet for a hero or for pictures in general private message me a on well we’ll say on telegram here and make it my info I’ll see you guys on here right now let’s see here this is my username on telegram feel free to private message me on there if you feel like you can contribute to the hero initiative if you think that you can be a hero maker or form a team I’d love to talk to you Stan and I will help you out in any way you can if you folks think you could help with the user interface or with web design or anything like that be willing to talk about that because we’re very serious about making this happen anyways I really appreciate you all for being on here thank you very very very much for being on and asking all the smart questions we do have quite a few folks on here for me advertising it nowhere near as much as usual I really wanted to make sure that we did this presentation to dis answers based questions give me standards only second time we’ve actually even done this presentation so there you go and we really want to again educate and show folks how to use this all of your feedback is taking into consideration everything you’ve been writing in here everything you guys stay on the telegram forum if you have anything specific for Stan a nice private message us on there let us know I really do like the feedback we do consider all of it and it is in our best interest at the end of the day whether you agree or don’t agree with how we do things or our initiatives or anything like that all we do really care about is big shared system the technology the community and growing it into what it deserves to be that’s it and however we have to to get there is you know Stan and I are are getting there one way or another so the train is leaving the station as tomorrow this an issue is starting and I hope y’all join and help grow it to be what it needs to be thanks a lot folks appreciate it spring some of the comments all right I will leave the comments section open here for about another five more minutes you guys want to give us any other feedback let us know what you thought about the presentation and send anybody and everybody to this to register for this I will have a replay on this presentation that they’ll be able to access anytime anywhere after this evening so anybody that wants to see the replay and get notifications about it and be able to have access to it just have them register for this web seminar all right thanks folks have a good time and appreciate it take care bye

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