DAO Coordination - The Final Meta (@1x speed) Kevin Owocki at Permissionless II 2023

Transcript

all right hello everyone again so for our next talk we have Kevin from get coin speaking about Dows and this is Kevin's first public speaking appearance since he rejoined Bitcoin so you guys are in for a special treat um all right let's just let's give it up for Kevin all right hello everyone how are we doing all right a little liveliness from the audience um my talk is entitled dial coordination the final meta uh so basically coordination is what you do whenever you want to solve a coordination failure whenever a group of humans want to solve for a share goal then they coordinate and uh meta is the most effective tactic available so we're gonna be talking about how we can rewrite the way the groups of humans coordinate and what the

most effective tactic available for doing so is today I'm Kevin uh from get coin give me snap if you ever heard a good coin all right we're coordinating it's a signal generation mechanism um and I also run a podcast called the Greenfield podcast which is all about different ways crypto can be pro-social kind of a snap if anyone has listened to the green pill podcast all right a little less people but uh we're uh still building the movement it's okay crypto can be good for the world thanks Sam bakeman fried for making everyone think it's not possible all right so um the the gist of this talk is going to be about exporting coordination technology to the world so basically we have ethereum which is programmable money we program our values in term money we can build web scale coordination mechanisms for the world

the first thing we're going to do with this technology is fund the public goods fund the open source software the things that we all derive value from in the ethereum ecosystem and then from there how can we channel that uh momentum into our digital public goods things like open source software that create 400 billion dollars per year in economic value for the world uh but there is no business model to work on them so you have to go work for JPMorgan Chase if you're a software developer in web 2 instead of working on open source software um I hope there's no one from JPMorgan here give this talk a consensus and there's like a guy in the front row who is uh from JPMorgan all right so there are internet public goods which is you know just like all of the digital public goods out there and as a coordination

failure that we cannot solve the ability to fund digital ecosystems without surveillance capitalism without advertising um and and without creating social media environments that destroy democracies because all we can do is push out rage bait and things that trigger dopamine rushes in the world and then there's this all of knowledge which is an example of a worldwide public good things that uh the outer ring of of the momentum that we're going to create is exporting more coordination to all of these things in the world and just because of our digital skills and because of ethereum because it has a multi-billion dollar market cap can generate momentum and we can cross the chasm into funding the world's public goods from there and that what this this talk is going to sort of lay out a vision for how we can do that so I'm going to start with the evolving meta of

the ethereum ecosystem and we're going to talk about scaling uh this coordination meta into the the mainstream and then we're going to close with a uh with a little special treat all right oh my gosh you're getting ready to step into my brain on this one okay so what we're looking at here is an evolutionary tree of the web3 ecosystem so the way you read this is from inside out uh the Byzantine generals problem was solved in 2008 by uh individual or a group of individuals named Satoshi Nakamoto and that gave birth to the Bitcoin ecosystem and there's been every couple years a bull bear cycle each of these Rings right here is a bear Market in which in the bull markets the ecosystem expands 10 to a thousand X and in the bear markets it declines five to

Five Hundred X and so we have this sort of bull bear cycle this evolutionary cycle in which the Bitcoin ecosystem has been ebbing and flowing between bearish and bullishness and then over the years we've gotten things like Mount gox which grew in the bull market and then imploded in the bear market and then we've got a whole ecosystem of centralized exchanges that have been built out of Bitcoin over the last couple years so uh this orange layer of the evolutionary tree is the evolution of the Bitcoin ecosystem and then adjacent to it the there is the Bitcoin Forks so basically Bitcoin cash Litecoin zcash Dogecoin The Meta in this part of the ecosystem was just a fork Bitcoin and to add make it more light make it more Doge Affiliated uh and um and so there's the evolution of the whole uh

Bitcoin ecosystem then adjacent to it was the Bitcoin forks and then you sort of the next rung over is ethereum and the ethereum forks in so basically ethereum classic uh ethereum uh the main Fork Avalanche binance coin and then as the bowl and bear cycle happens we start to see uh things like EIP 1559 in the merge in the outer rings of this evolutionary tree um we start to see the profligation of early dowels I'll tweet this later so you don't have to got a low-rise picture on your phone uh so there's an Extinction event right here with the Dow and the the thing I think is really incredible about the Dow if you were around in the ecosystems at times they really dreamed big they were saying how could we allocate Capital together and uh it was the implosion of the Dow the

extinction of the event event of that dial that we got early Dallas um things like Mobile in Baker Dow Rose From the Ashes of the extinction event of of Vidal and form the foundation of the Dow ecosystem that we know today oh man stable coins icos see this big Extinction event after icos uh EOS salt can is anyone using dentacoin to pay their dentists these days uh defy dolls uh game V1 I would say is sort of an Extinction event vegetable Forks were part of the meta last cycle oh my gosh we were all farming digital vegetables at this about this time last cycle wallets uh new Dev tools alt layer ones Bridges e flare twos nfts dowels Dell

tooling region web 3 of which I would count myself to be a part of and then play to earn so this all started with the Byzantine generals problem and our ability to now send value across a computer network and that triggered this evolutionary cycle in the web3 ecosystem that ebbed and flowed between the bull and the bear of the ecosystem and it was not through natural selection through which the ecosystem evolved it was through Market selection okay oh all right so I think what's really interesting about this is that the meta evolve each cycle if you're in crypto in 2011 basically all you had to do was Fork Bitcoin and add a dog to it or at a light lightness to it always made me upset that Charlie Lee calls himself the Satoshi light yeah you

copy pasted Litecoin and then like congratulations all right uh so the meta evolves uh each cycle and um in the early days you just had to Fork Bitcoin and add something to it Vitality that we got a general purpose programmability to it that spawned a whole ecosystem of dowels anything you could program your value into your money with in the ethereum ecosystem kind of became a meta digital organizations uh faster transactions more pro-social adapts I would consider the region web3 ecosystem to be and so what I think is interesting is that the meta the most effective tactic available has been evolving each cycle ever since the beginning and uh it never stays the same The Meta is always changing because this is such a chaotic industry and it's the people who can figure out the next meta I think are going to be the ones that are defining

our future and I I mean this is just like maybe the hippie dippy and me but like I'd like to make an analogy between natural systems and digital systems in that the Cancers and the viruses in this ecosystem the three ACS and the ftxs are degenerative degenerative means resource capacity goes down over time degenerative systems are self-terminating the wow Dental coin icos that didn't follow through they're degenerating and it's going to be the projects that are regenerating that are growing over time that are going to be the ones that are going to define the next cycle you want to build the keystone species of these regenerative ecosystems you want to build the species upon which every other species depends ethereum is a great example of that Bitcoin is a great example of that maker Dao and die is an example of that I would personally like for one day to be

it to be said that Bitcoin is a keystone species of the regenerative ecosystem okay so the meta of the web3 ecosystem has been evolving and ebbing and flowing over the last 10 years and yes there's been this bull bear cycle over the last 10 years we've also had a historically low rate environment from 2011 to 2022 but it went from Bitcoin Forks to ethereum Forks to icos to Veggie coins to uh meme I think meme coins are probably Evergreen because it's the internet uh to pfp projects to loot does anyone have loot for adventurers in the audience couple hands and then other people who aren't paying attention or are too ashamed to say that they still have own Forks you remember own Forks metaverse everyone we talked about in the last panel the metaverse dowels uh AI coins layer twos and now we're all all the way over at the end of this ebb

and flow we're friend Tech we're financializing our friends and that's the meta right now so all of these ecosystems in order to survive are going to need to regenerate and instead of degenerate in the Crux of my talk if you don't remember anything from my talk it's that funding your ecosystems public goods is a sustainable competitive Advantage it is the final meta underneath of financializing your friends or building a layer two or building a pfp project or building loot for adventurers you're going to need to fund your ecosystems coordination you are going to need to coordinate around your coordination failures in order to solve those problems so ecosystem public goods and by the way to me solving coordination failures and public goods are just the same thing public goods are one of the biggest coordination failures out there and one of the biggest promises I think I see for crypto is the

ability to solve for how do you create Byzantine fault tolerance in a digital assistant with the validator network that is ethereum um but other public goods in ecosystems that aren't cryptographically provable are things like road maps I think metallic does a great job of hey here's the merge the Splurge The Verge turge I don't know making up adjectives at this point but the fact that he's kind of nemified the ethereum roadmap I think is a public good for the ethereum ecosystem synthesizing feedback building great software getting that software adoption adopted I think one thing that dowels are really solid are struggling with right now is governance apathy how do we solve that it's public good for your ecosystem if you can solve that but one of the three lines of this talk that I'm really excited about is how do we go from solving ecosystems public goods

where uh we're basically coordinate coordinating and prototyping new Public Funding technology and how do we reach escape velocity so that we can solve our Global coordination failures things that aren't in the crypto ecosystem how do we solve for open source funding how do we solve for AI alignment how do we solve for climate change how do we solve for biodiversity collapse how do we solve for the fact that in order to make any money in the web 2 ecosystem you have to surveil all of your users all the time these things are deeply connected and it is my belief that we can reach escape velocity in the crypto ecosystem with these mechanisms and funding uh funding sources and we can cross the chasm to solving Global coordination failures after all we are rewriting how Society allocates Capital to the things that it needs all right so a building block of this

hypothesis is this thing called hollons so basically hold on is uh something that's simultaneously a whole in itself and also part of a larger whole so I am a human I'm the whole on of Kevin owaki up here on stage I'm also part of the hollon of this audience standing into in this room there's also an adjacent set of Hollands that hopefully out there is my Twitter audience and is following along at home uh if you were following along at home thanks for tuning in and then there's the web3 ecosystem and there's Austin Texas and then there's the national economy and it's the global World planet Earth um and so basically these holdons full or something called a hierarchy okay so a connection between Hollands where each hold on is both a part and a whole of itself so basically uh you as a person

are a member of a family which is a member of your extended family which at least in the olden times would have been part of a village in a community and would have been part of your local bioregional ecosystem the digital ecosystem is a little bit more complicated than that but uh that's an example of a holarchy one of the things that I really love about talking about holons is that it breaks The Duality between individualism and collectivism so basically as an individual uh as a collective of individuals we can break The Duality between what is right for the individual the things that you need sovereignty protection and what is right for the group Democratic decision making Capital allocation and uh coordination versus defection and there's a famous game theoretical example of this that I think really illustrates hollana coordination and it's this example of a

game theoretical setup called the prisoner's dilemma people in the audience familiar with the prisoners dilemma oh my gosh start talking about this with uh some of my wife's friends the other day and they were like no one knew about the prisoners Helena but I feel like it's foundational in this space this is what we've solved with the Byzantine generals problem uh this this game theoretic setup is that a prisoner uh is interrogated in a separate room with another prisoner uh for an alleged crime that they had committed and basically they're both offered a deal where if each of them rap on the other person then they get less time in prison but if they stay silent then they each get a little bit of time in prison but not as much as if they ride on the each other and the whole point of the prisoner's

dilemma is that without a ability to coordinate between the two of them they'll almost always rat on each other and so I think this is like a funny toy example of what a coordination failure looks like and whenever I'm listening to this I'm like oh I would stay silent because I'm brave and if like you know I wouldn't I wouldn't rat out my friend and it's just like a funny toy example but we'll all fly across the world and we'll all externalize harm to our Global ecosystem by creating carbon credits in order to advance our own agenda uh we'll defect in order to in in order to create our own economic gains and and so like the Toyota sample is just meant to illustrate that when there's a difference between the individual's needs and the collective needs then a lot of times people will choose their

own individual incentives absent away to mutually enforce contracts to coordinate between the actors in the system in web 3 we're building programmable transparent immutable commitments and we can build coordination power tools our Legacy institutions are opaque unaccountable inefficient and often centralized not to mention that they are built out of a nation-state infrastructure where you can only coordinate and Trust other people in your nation state unless you're in a place in the world in which your nation state agreements framework is expensive or is falling apart web3 provides a better coordination substrate at least in theory we can build transparent uncorruptable programmable and permissionless coordination mechanisms using web3 and is on this Foundation that I think that we can build better ways of allocating resources as a group and aligning the individual incentives

with the collective breaking the duality of the individual versus the collective and I've seen it firsthand in my work at git coin so we have in the ethereum ecosystem uh different ways of funding public goods so basically donations uh premine minor extractable value taxes if you consider block rewards to be taxes uh but uh and then we have distribution mechanisms of which I think the most prominent are quadratic funding buy Bitcoin and optimism retroactive public goods funding there are other people that are experimenting with different ways to distribute these public goods and what I think is really cool about this mutualistic uh and opt-in nature of these public goods funding mechanisms and ecosystem is that you can stack them on top of each other quadratic funding

is really great at creating a democratic Capital allocation mechanism for your ecosystem but you can just put it right next to retroactive public goods funding which is really a little bit less Democratic but is also a way of bootstrapping a flywheel of of public goods funding in your ecosystem so these things stack next to each other and it's in the market between these things that we're going to better learn to coordinate our ecosystem public goods and we're going to create a market in which these mechanisms compete with each other as opposed to the state where you're just stuck with this bureaucratic inefficient way of allocating resources where you pay 500 000 for a toilet or if you can even get the disclosure report of of what was built so this is what is the ethereum ecosystem we've got optimism in retroactive public good sign language is delivering 20 million

dollars per quarter of public goods funding to the ecosystem you've got Dow drops which is doing 250k uh per round we've got Bitcoin who's doing about two million dollars per quarter and 50 million dollars uh in total in capital allocation clear fund also quadratic funding tool that's done three million dollars giveth I actually don't know give us his number but I'm assuming that it's around three million dollars and then protocol Guild which is a self-curating registry that is funding ethereum open source software developers so we're stacking these things on top of each other and we're prototyping a better way to allocate ecosystem public goods and that to me is just a beautiful beautiful thing because if we can if we can find a way to prototype the best funding sources for public goods and mechanisms for public goods and we can export Legos for anyone in the world to

do it then holy we're going to cross that Chasm from ecosystem public goods to the world's public goods by prototyping it in the ethereum ecosystem and creating a better coordination mechanisms and one of the things I think is really cool about this is that if the higher you go up in the whole on stack like the more adversarial you get uh at like the nation state and city state level you're in the kind of like a dark Forest where anyone could rob you absent any sort of agreements that that they're not going to uh steal from you you have zero-sum games and you have a transactional mindset but the more and more you start bootstrapping this culture of funding public goods of karma where impact equals profit where value creation equals value capture then you can build uh an ecosystem where your GDP is your power this is what's so powerful

about optimism and Bitcoin and all of these examples that I showed off is that they're legitimately multi-million dollar ecosystems and so this isn't just some hippie dippy Theory we're actually shipping something that people want and that hold on is GDP is its economic power but within that we're bootstrapping a teal culture if anyone's familiar with spiral Dynamics we're bootstrapping positive some relationships between dial constituents and we're building this positive some give first mentality give first culture of where we're trying to have a bias towards action so there's this Loop between giving and receiving that's positive sum if ethereum is a dark forest in the region ecosystem we're bootstrapping a a positive sum ecosystem that is not a dark form Forest where Karma karmic Loops happen and X by exporting that to the World by building a the GDP of that ecosystem I think that's how the region ecosystem wins and

one of the ways that I'm really excited about this happening is through down-to-door relationships so if you are in a Dao and you want to do a relationship with another dial um I think there's basically three layers to a down-to-door relationship so basically at the social layer it's like hey do we hang out and do We Vibe together um you know uh maybe an example of this is that Bitcoin and radical have just been friends for years six or seven years we've always been into trying to build this ecosystem in which we're funding open source software Bitcoin happened to go in a direction where it was funding all public goods radicals still focused on open source software it was just been like I have a picture with those guys from 2017 where we're just like sitting at a coffee table and we're planning how we can work together

and then there's the technological layer which is basically how does our technology interrupt with each other um Bitcoin happens to be now exporting Bitcoin grants to the world we've now got a credibly neutral protocol where anyone can put Bitcoin grants in their ecosystem and so um I guess to continue the radical example uh us using radical drips in order to allocate funding to matching pools and them using Bitcoin grants in order to fund their ecosystem public goods getting the technology building blocks to work together and then the third layer is economic interop this is this is like what are the funding that is flowed to each other and the real put a ring on it version of this is if you're going to like do a token swap with each other so Bitcoin and radical have done that uh git coin holds a certain amount of rad on their treasury

balance and radical has a certain amount of GTC on their balance so what are the ways in which we can build down-to-door relationships Where We Vibe on the social level on the technological level and the economic level and if each of these Dow ecosystems is positive sum and is coordinating their own public goods well then you start to get in a really interesting spot in which we can build Bridges between these two hollonic ecosystems through leadering together in sponsorships and hanging out at the social layer through technological Integrations together through doing token swaps or aqueducts of funding between each other but don't just look at this as a one-to-one token relationship between these between these two dials what happens when we start building a mesh network of dowels that are all rising and falling together because they're all integrating at the social and technological and economic

layer we're starting to build a positive some regenerative infrastructure for the entire web3 ecosystem and since these positive some relationships and uh and this coordination is is helping to bootstrap a better meta in the web3 ecosystem and so what I think becomes really cool over time is as the top 100 or 500 dials in the web for ecosystem all start to have these relationships with each other they rise and fall together by holding each other's tokens on balance sheet by having technological Integrations and not just because they're all built in the ethereum ecosystem but you know many of them will be just by happenstance of their digital native ecosystem so these millions of interdependent dowels form the substrate through which we could build civilization national scale public goods one day and that's what the remainder of

my talk will be I think I have about 10 10 minutes left so I'll bring it home here so you as a person in the web3 ecosystem are a member of multiple interdependent hollons uh this is me over here this is you next to me inside of this whole line in which we're part of permissionless I also happen to be a part of the ethereum ecosystem and get coined out and get coin runs a conference called shelling point which I would consider myself to be a member of but there's intersectionality in these many of us are part of different Hollands in which we are going to uh see a shift towards this culture of funding public goods so um if you look at it from a civilizational scale you're going to see millions of interdependent dowels and then if you look at it from the

perspective of uh yourself you'll just see the dials that you're in your social group are intersected with and one of the things I'm really uh interested in is is is basically the the hierarchy which again is just the stack of of Hollands up and down this the the stack so basically all the way from uh if you look at like atoms and molecules and cells uh as holons then up to uh people and families in local communities and cities and states uh like Austin Texas uh to the country United States to the planet uh these are all holonic structures and one of the things that's really beautiful to me is is looking at the The Duality of of individualism versus collectivism up up and down the stack and when you can connect in your mind the fact that cancer is just your cells defecting against your body and

climate change is just humans defecting against each other and they're both creating degenerative systems at different holonic levels holy this is like just like something materially part of the universe all right so that's the physical hilarchy and keep in mind that we're in the middle of multiple hologies here um the other hierarchy that I think is really important in the 21st century in which we are bootstrapping Information Age public goods is the digital public goods that we are a part of so you're in a bunch of different social networks you're in a bunch of different telegram groups if you're me you're in too many of them Discord groups College friends I play Ultimate Frisbee if you couldn't tell um open source software Reddit communities Twitter followers so these are the digital ecosystems that we're in the digital hold ons that we're in and what it gets really interesting to me

that when this really jumps the shark into the main into the mainstream is when we start cross-pollinating these mechanisms and money across the digital public goods realm and out of the ethereum ecosystem into our Geographic uh public goods and um what I think is really interesting is that when I wrote this talk the crypto ecosystem has a one point something trillion dollar market cap it's probably less today and um our physical ecosystem has trillions of dollars of capital available for for public goods funding so this is uh you know something that my friend Griff and giveth have have looked up and basically add up all the NGO funding all the social impact funding and all of the government taxes in just like North America you're getting into the tens of trillions of dollars per year so this is probably one of the biggest markets that's out there and we can build better

mouse traps for public goods funding for coordination for the rest of the world um and this is something that we've been trying to Prototype at Bitcoin by not just funding ethereum infrastructure and web3 infrastructure but also starting to fund things like climate Solutions through Bitcoin grants and to fund like supporting the uh the humanitarian efforts in Ukraine when covet happened about two years ago we were also uh funding 3D printers that were printing uh respirators for uh for for people uh at the time there was a shortage of respirators decentralized science anti-surveillance technology privacy is a public good so it gets really interesting to me when we start to string together all of these different mechanisms of funding and we start to distribute funding across all of these

different mechanisms of public goods funding one of the ideas that I'm really excited about that also interconnects all of these different things is aqueducts which I guess basically in like ancient Rome were ways of carrying liquidity from where there was supply of it to where there's demand of it I think there's going to be aqueducts in web 3 that are going to carry funding to get coin and dial drops in protocol Guild and optimism and clear fund this is an example basic example of the aqueduct up on up on stage up on the sides right here but I think where it's really interesting is when you start making governance into these aqueducts so basically what are the ways in which we could use governance in order to solve okay this quarter it's more important that we focus on privacy technology and advocacy but next quarter it might be

some other public good and so governance weighted aqueducts in which you can just permissionlessly change the the flow of the funding according to the democratic needs of the people that it serves is where it gets fun and I think another area where it gets really fun is building uh composability into these aqueducts so you can basically flow through Xerox splits or through dial drops these aqueducts into each other and you can start to build these emergent superstructures that will fund public goods uh both at the local scale and the global scale so basically the local skill builds legitimacy for the mechanisms uh it helps people understand that crypto is not all just for nftes and for speculation when you imagine next cycle that people are earning for just having impact in their Community as opposed to buying a pfp or buying a bag and then at the global scale by funding

our digital public goods we really hit a scale in which we're really building the biggest levers for supporting the world's public goods from there um one this is one of my favorite slides and it's one of the ones that uh as I'm as I'm starting to close out I want you to visualize the transition into a civilizational scaleonic structure for funding public goods it's going to seem crazy in the year 2023 probably seems a little bit crazy to you right now but as it starts transitioning and we're funding ethereum public goods and all of Open Source software we're going going to be in transition to an end state in decades out in which we're going to be funding public goods for the whole world and I kind of think of like Bitcoin is kind of like a gadfly right now for the ecosystem was like oh it's cute like

Kevin's funding public goods and bitcoin's still alive just through sheer force of will of all the people in their their ecosystem but like we're gonna exhaust all of the pumps like lowering the stack around like layer twos and decentralized messaging and and um meme coins and we're going to climb the stack of things that you need to build into the internet of value and eventually there's going to be like a cycle in which we're actually funding that's good for the world like we'll climb that stack so it seems crazy right now but we can meme it into existence and we can articulate this vision of this hold on superstructure in which we're building a ecosystem that has roots that are all interconnected and are funding a a forest of of different organisms and animals and a regenerative ecosystem that is going to fund public goods uh if

anyone's seen the Netflix documentary fantastic fungi there's this analogy analogy of uh of uh oh someone snapped there I was like on a roll there mycelium networks who knows about mycelium networks um basically these fungal systems that transfer resources between the forest plants and the forest organisms and I think that like that's kind of what the public goods funding ecosystem is out there so um gonna end on a uh a quick chill um which is that I'm very happy to be back at git coin we have now um achieved a a status in which we've launched Bitcoin Grant stack which now anyone can use to run a quadratic funding round anyone can take what was working for the ethereum ecosystem for vitalik last cycle and can now deploy it in their own hole on in their own evm based community so um if you're out there and you're

interested in funding public goods because it's what's best for your community but also you believe that coordination is the final meta then you can just use Bitcoin grants and just like do it all as a service for you so you can find out more at getco.com Grants you can generate a signal of what your ecosystem really wants um this is the Bitcoin grants round 18 economic graph every node in this network is a user and every Edge is a transaction in the network and so we're building a mesh network of interconnected people who are generating signal about which public goods they want to fund it's not like how it works in Washington where you just have some Senator who's disconnected from their local environment deciding what the public goods funding are we're building an emergent bottoms up superstructure for how public goods are funding um a little Alpha leak on what the next

generation of uh Bitcoin is uh the protocol underneath of get coin grants is called aloe protocol which is a Next Generation Capital allocation protocol so quadratic funding is just the first app that we're building in the gitcoin ecosystem we are building quadratic voting I hope to one day have Assurance contracts retroactive public goods funding milestone-based payouts and I believe that the future of capital allocation is peer-to-peer and massively multiplayer and we are going to be building the mechanisms the Swiss army knife uh if Bitcoin grants 1.0 was a screwdriver with quadratic funding it's now Swiss army knife a different Capital allocation mechanism we were going to build the operating system for Capital allocation in these dowels and so allo protocol if you're a developer come hit me up and we'll get you hooked up with an SDK in closing we are going to bootstrap a

ecosystem of funding public goods for the ethereum ecosystem and that's going to help the ethereum ecosystem win we're going to use that to bootstrap funding of Open Source software internet and all World public goods we're going to use this to cross the chasm from ecosystem public goods to Global coordination failures we're going to solve for all of the different public goods out there in the world be they crypto digital Global nation state city or local we're going to break the Duality between individualism and collectivism there is trillions of dollars in this market there are dozens of the medic tribes that are going to use this infrastructure in order to fund their public goods and we're going to cross the chasm between digital and physical public goods and that my friends is why dial coordination is the final meta thank you so much [Applause]