WEBVTT - The Eyeball-Scanning Plan Designed to Save Us From AI

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<v Speaker 1>Hello, and welcome to another episode of the Odd Lots Podcast.

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<v Speaker 1>I'm Joe Wisenthal.

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<v Speaker 2>And I'm Tracy Alloway.

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<v Speaker 1>Tracy, do you remember a few weeks ago, or maybe

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<v Speaker 1>a couple of months ago now, someone made a like

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<v Speaker 1>a fake AI version of the Odd Lots podcast and

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<v Speaker 1>they like replicated our voice.

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<v Speaker 2>Yes, I think they used chat gpt to do it.

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<v Speaker 2>And they basically asked chat gpt to create a script

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<v Speaker 2>for odd Loots and that they had someone replicate another app

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<v Speaker 2>or something replicated.

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<v Speaker 1>It wasn't a someone like I mean, it was like

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<v Speaker 1>somewhat like other like AI app. It was like, yeah,

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<v Speaker 1>it was pretty it was pretty good. It was like good.

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<v Speaker 1>I mean it clearly like was not us.

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<v Speaker 2>How much did it worry you, Joe?

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<v Speaker 1>I think I'm more of an AI domer worrier than

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<v Speaker 1>you are.

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<v Speaker 3>Interesting.

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<v Speaker 2>I mean, I have concerns, don't get me wrong, But

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<v Speaker 2>what do you think is the worst case scenario? Is

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<v Speaker 2>it robot taking over the world.

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<v Speaker 4>No.

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<v Speaker 1>I think that like in a couple of years, the

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<v Speaker 1>AI will do a really good job of making the

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<v Speaker 1>Odd Lots podcast. And people say, I don't really need

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<v Speaker 1>to listen to Joe and Tracy anymore. The AI is

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<v Speaker 1>I don't know. I'm like, you know, I but I

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<v Speaker 1>feel like maybe that's all a parandoise.

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<v Speaker 2>No, I feel like there is reason for concern. I hope.

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<v Speaker 2>Maybe I'm just being an optimist here. I hope we

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<v Speaker 2>are a few years away from the odd Blots replicat.

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<v Speaker 1>I know what, I want to do this for like

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<v Speaker 1>another thirty years, and I don't want to just have

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<v Speaker 1>like three or four years or a few years.

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<v Speaker 2>That's the optimistic scenario. Is it doing this in thirty

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<v Speaker 2>years time?

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<v Speaker 3>Okay?

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<v Speaker 4>All right?

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<v Speaker 2>AI. Lots of people expressing some worries about.

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<v Speaker 1>It, a million different kind of words.

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<v Speaker 2>Yeah, and we see all these, you know, good ways

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<v Speaker 2>that the technology is being used, but also insidious ways.

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<v Speaker 2>As you pointed out, someone made an Audlots episode. I

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<v Speaker 2>think that was in a in a very fun spirited way,

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<v Speaker 2>a nice way. But there are people who use this

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<v Speaker 2>technology for more nefarious things. Yeah.

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<v Speaker 1>I think there was like a sixty minutes recently where

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<v Speaker 1>like someone was able to like impersonate someone's voice and say, hey,

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<v Speaker 1>you know, you know, you could imagine this scam where

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<v Speaker 1>someone's like kids, say hey, I need money or something

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<v Speaker 1>like that, and they call and it sounds just like them,

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<v Speaker 1>especially in a couple of years when the tech gets

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<v Speaker 1>better and it becomes a bit of a crisis in

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<v Speaker 1>the sense it's like, do I know that a person

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<v Speaker 1>is a person when they talk to me on a zoom,

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<v Speaker 1>when they talk to me on a podcast, when they

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<v Speaker 1>talk to me on a phone call, et cetera.

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<v Speaker 2>Well, even on Twitter on a much more basic level,

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<v Speaker 2>you have all these bots, and I don't know about you,

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<v Speaker 2>but there seems to be a new Tracy Alloway with

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<v Speaker 2>the l as like an I and fooling everyone almost

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<v Speaker 2>like every few weeks, and then you have to go

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<v Speaker 2>through the whole bureaucracy of reporting to Twitter and proving

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<v Speaker 2>that you are in fact the original Tracy alloyway.

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<v Speaker 1>And not to get into much of a tangent, but

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<v Speaker 1>wasn't Elon going to solve this because he said like, oh,

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<v Speaker 1>I'm buying Twitter to solve the bots problem, and I don't,

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<v Speaker 1>as you say, it's not been solved.

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<v Speaker 2>I think that's a whole other episode.

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<v Speaker 1>But even with like really rudimentary like human you know,

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<v Speaker 1>fake traces and fake Joe's like, that's the most rudimentary thing,

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<v Speaker 1>just like taking our avatar and like changing like one

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<v Speaker 1>of the l's and trade in L a way to

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<v Speaker 1>like an I or whatever or one like. That's just

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<v Speaker 1>gonna get worse.

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<v Speaker 2>You know what's a really good business model creating a

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<v Speaker 2>problem and then creating the solution to it.

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<v Speaker 1>Yes, that's exactly right. So you have all So we

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<v Speaker 1>have all of these ais, and they're going to like

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<v Speaker 1>replicate us, They're going to look like us, or they're

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<v Speaker 1>going to talk like us. But the good news, in

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<v Speaker 1>a sense good is that others are working out the

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<v Speaker 1>problem of how do you prove that you are who

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<v Speaker 1>you are in a world in which AIS can replicate

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<v Speaker 1>our voices and our faces and our expression.

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<v Speaker 2>Technology can save us from technology?

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<v Speaker 1>Is the thrust of this, right exactly. So we are

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<v Speaker 1>going to be speaking to someone working on the technology

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<v Speaker 1>designed to address this concern in part. And as you say,

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<v Speaker 1>some of the people working on it are some of

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<v Speaker 1>the same peopleeople behind some of the most cutting edge

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<v Speaker 1>AI research that's sort of like blowing everyone's minds in

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<v Speaker 1>both good and scary ways these days.

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<v Speaker 2>So I'm just going to go ahead and lay out

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<v Speaker 2>my priors here, which are that I find this sort

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<v Speaker 2>of instinctively dystopian the topic of this podcast what we're

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<v Speaker 2>going to be discussing. This technology creeps me out a

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<v Speaker 2>little bit. But that said, I don't know that much

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<v Speaker 2>about it. I don't know much about how it works,

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<v Speaker 2>and so I am very interested to hear the bowl

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<v Speaker 2>case on eyeball scanning.

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<v Speaker 1>So you just jump bright. We're going to be talking

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<v Speaker 1>eyeball scanning. We are going to be speaking with Alex Blania.

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<v Speaker 1>He is the co founder of world Coin, an entity

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<v Speaker 1>that was set up also by Sam Altman, who everybody

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<v Speaker 1>a name that everybody knows now because he's the co

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<v Speaker 1>founder or the founder of open ai, which powers chad

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<v Speaker 1>GPT and other tools. Other co founder Max nor Frenstern.

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<v Speaker 1>We're going to be talking about how an eyeball scanner

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<v Speaker 1>can allow us to theoretically prove our human in this

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<v Speaker 1>future AI world. So Alex, thank you so much for

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<v Speaker 1>coming on odd Lots.

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<v Speaker 4>Thank you for having me. I'm excited to talk.

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<v Speaker 1>So I'm trying to think, I mean, like the threat,

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<v Speaker 1>how real is it that you know, in a few

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<v Speaker 1>years do you think not whether AI will be able

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<v Speaker 1>to create a perfect replica of the podcast, but that

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<v Speaker 1>let's say we're having this conversation and I might really

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<v Speaker 1>not know that I am talking to the real Alex

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<v Speaker 1>Blania versus an AI that could perfectly replicate your voice

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<v Speaker 1>and replicate your face. Like is that two years away?

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<v Speaker 1>Is that three years away? Like? How soon is that coming?

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<v Speaker 4>Well? I think partially we are already there. Right the.

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<v Speaker 5>Technology is not completely open source yet, so you don't

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<v Speaker 5>have widely deployed, deployed systems that can't do that, but

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<v Speaker 5>rather you have right now you have like a few

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<v Speaker 5>teas that actually can do things like that or would

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<v Speaker 5>be able to do things like that. But this is

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<v Speaker 5>going to change because of course the progress is increasing.

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<v Speaker 5>So you had it started with Dolly and you had

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<v Speaker 5>stable diffusion and many other things that on the image

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<v Speaker 5>generation side became increasingly impressive. And I think are ai

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<v Speaker 5>R is one of the coolest things of the of

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<v Speaker 5>the last couple of the last year, to be honest.

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<v Speaker 5>So that's on the image generation side of things, and

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<v Speaker 5>then of course you have chat GIPT on the text

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<v Speaker 5>generation side of things. So I think on Twitter, as

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<v Speaker 5>you discussed in the introduction, you are I think already

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<v Speaker 5>there that it could happen that you just chat with

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<v Speaker 5>a neural network and you have absolute no idea that

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<v Speaker 5>you chat with a new network and you might argue

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<v Speaker 5>about odd lots for like an hour and don't realize that.

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<v Speaker 2>I'm just thinking, like half the people I argue with

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<v Speaker 2>on Twitter probably are.

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<v Speaker 1>Bots neural networks.

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<v Speaker 2>Yeah, well, maybe just to step back in time a

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<v Speaker 2>little bit, I mean, world coin has been around for

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<v Speaker 2>a few years now, and to some degree, as Joe mentioned,

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<v Speaker 2>you guys kind of anticipated this threat. What was the

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<v Speaker 2>sort of aha moment that made this all come together, Like,

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<v Speaker 2>how did this actually develop into a company, and what

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<v Speaker 2>was the use case thesis when you were just setting.

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<v Speaker 5>Out, Well, we honestly did not. We didn't start off

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<v Speaker 5>to solve a threat, all right, that is not brief

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<v Speaker 5>history in time. Sure, back then, I did research.

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<v Speaker 4>So we started the company a little bit over three

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<v Speaker 4>years ago.

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<v Speaker 5>And I was doing research in deep learning applied to

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<v Speaker 5>quantum physics. So I basically predicted quantum system of neural

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<v Speaker 5>networks and that's I think it's a very promising field

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<v Speaker 5>in physics. And Sam was already working on the idea

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<v Speaker 5>overall kind together with Max, so I think they've already

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<v Speaker 5>been on it for like six months. But of course

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<v Speaker 5>Sam had a full time job at opening Ie. Max

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<v Speaker 5>had a full time job back then, so it was

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<v Speaker 5>all like in an early idea face. Then I got

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<v Speaker 5>an email from from Max back then to Poop with

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<v Speaker 5>like an early paper describing the vision of world cooin

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<v Speaker 5>and that it should come by and talk. And then

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<v Speaker 5>at a couple of interree years with Max uh one

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<v Speaker 5>with Sam, we spent a lot of time together and

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<v Speaker 5>actually decided to.

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<v Speaker 4>Proceed, but.

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<v Speaker 5>To go back to the initial proposition, and I think

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<v Speaker 5>that is very important. It's not about solving a threat,

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<v Speaker 5>but rather how I mean, Sam was already breaking in

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<v Speaker 5>open EIE and this was three years ago, so back

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<v Speaker 5>then it was not yet an accepted topic that AI

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<v Speaker 5>is going to happen and it's going to be as

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<v Speaker 5>powerful as today.

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<v Speaker 4>It was like a very.

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<v Speaker 5>Niche topic I think, although open of course was already

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<v Speaker 5>quite famous entity. But of course Sam was motivated by

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<v Speaker 5>the idea of AI and what it's going to do

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<v Speaker 5>to the world and it's going to be this very

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<v Speaker 5>powerful technology. And so the initial proposition of Rocline was

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<v Speaker 5>really what is the societal infrastructure that we can build

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<v Speaker 5>that makes sure that AI is for the better of

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<v Speaker 5>all of society versus a few and so there's a

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<v Speaker 5>there's a many things actually that come together here, like

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<v Speaker 5>proof of personhood is what you just described, is the

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<v Speaker 5>ability to prove that you're actually human being on the Internet,

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<v Speaker 5>which is basically just a much more capable identity system.

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<v Speaker 4>But it goes as far as.

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<v Speaker 5>We think eventually UBI will become a thing, and it

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<v Speaker 5>actually is like a big chance if you have like

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<v Speaker 5>a very very powerful technology and it's not about kind

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<v Speaker 5>of political redistribution, but you have a very centralizing technology

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<v Speaker 5>that you want to share the upside with the world with.

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<v Speaker 5>And there was another motivation, kind of Rokin can actually

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<v Speaker 5>be the infrastructure to do that, because you have a

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<v Speaker 5>very capable identity system, you have an economic system that

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<v Speaker 5>connects everyone. So there were like a couple of very

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<v Speaker 5>ambitious reasons why we think something like that. So basically

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<v Speaker 5>creating and bootstrapping the largest identity and financial network that

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<v Speaker 5>is actually open and privacy preserving versus relying on centralized

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<v Speaker 5>government systems that might not work in large parts of

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<v Speaker 5>the world is a very important preposition for the coming decades.

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<v Speaker 1>So let's just jump right to it. If you're listening

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<v Speaker 1>people who are listening to this podcast, you might want

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<v Speaker 1>to actually watch the video version. We're recording this on

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<v Speaker 1>video as well. People just the audio butt here on

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<v Speaker 1>the set. I'm just gonna I was gonna wait a

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<v Speaker 1>little while before unveiling it, but this is I'm holding

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<v Speaker 1>in my.

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<v Speaker 2>Hand like we need extra music, a big.

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<v Speaker 1>Orb It feels about six pounds. I don't know how

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<v Speaker 1>heavy is this, Alex, I'm sure you know the exact weight.

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<v Speaker 4>It's a little bit over one kilogram.

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<v Speaker 1>Oh okay, so I was wrong on So that's like

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<v Speaker 1>just on like about two and a half pounds, Okay, okay,

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<v Speaker 1>that's fine, about two and have found and it's an

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<v Speaker 1>eyeball scanner, and so here it is, and it's not

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<v Speaker 1>working right now, or we're not scanning right now, so

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<v Speaker 1>I can like tilt this in our face. It's not scanning.

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<v Speaker 1>But let's like talk about what this piece of hardware

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<v Speaker 1>that I'm actually holding it is that I'm going to

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<v Speaker 1>set it on the table in front of me. There's

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<v Speaker 1>an eyeball scanner. What does it do?

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<v Speaker 5>So the show to answer is one it will start

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<v Speaker 5>with shortened than the longer answer. The short answer is

0:11:25.240 --> 0:11:29.199
<v Speaker 5>that it first ensures that whatever is interacting with the device,

0:11:29.240 --> 0:11:32.400
<v Speaker 5>is an actual human being, So okay, not a display,

0:11:33.320 --> 0:11:36.480
<v Speaker 5>not a photograph of an eyeball, not a photograph or

0:11:37.080 --> 0:11:40.160
<v Speaker 5>like more sophisticated optical attacks, because there's like many.

0:11:39.960 --> 0:11:41.040
<v Speaker 4>Things that you can do here.

0:11:41.720 --> 0:11:44.000
<v Speaker 5>So that's the first step checking that whatever we see

0:11:44.000 --> 0:11:47.040
<v Speaker 5>is an actual human being. And then the second piece

0:11:47.800 --> 0:11:52.120
<v Speaker 5>is it takes an image of my eye, calculates a

0:11:52.240 --> 0:11:57.040
<v Speaker 5>unique embedding out of this picture. Everything happens on a device,

0:11:57.920 --> 0:12:01.720
<v Speaker 5>and that embedding then signed by the device, and that's

0:12:01.840 --> 0:12:05.040
<v Speaker 5>then the only thing that actually leaves the device and

0:12:06.320 --> 0:12:10.240
<v Speaker 5>gets compared against all other users. And if that uniqueness

0:12:10.320 --> 0:12:14.480
<v Speaker 5>check is successful, then me that I just verified with

0:12:14.480 --> 0:12:17.720
<v Speaker 5>an ORB I then can later do a zero knowledge

0:12:17.760 --> 0:12:21.880
<v Speaker 5>proof that I am included in that set. And if

0:12:21.920 --> 0:12:23.880
<v Speaker 5>you're not familiar with your knowledge proves, what it allows

0:12:23.920 --> 0:12:27.160
<v Speaker 5>you to do is it lets you prove something without

0:12:27.200 --> 0:12:32.520
<v Speaker 5>actually revealing the underlying information. So what that enables us

0:12:32.600 --> 0:12:36.560
<v Speaker 5>to do is it builds a self like essentially a

0:12:36.600 --> 0:12:41.040
<v Speaker 5>self custodial identity network where the data control is with

0:12:41.080 --> 0:12:44.080
<v Speaker 5>the user and there's no centralized entity that actually has

0:12:44.200 --> 0:12:47.000
<v Speaker 5>the information of who you are, where you're from. All

0:12:47.000 --> 0:12:50.199
<v Speaker 5>of these things but rather this person is a unique

0:12:50.280 --> 0:12:55.160
<v Speaker 5>human being and has verified revocan before, while the user

0:12:55.520 --> 0:12:58.320
<v Speaker 5>could decide to attach more information to that. So that's

0:12:58.360 --> 0:13:00.600
<v Speaker 5>kind of the short of it. I think we should

0:13:00.640 --> 0:13:02.560
<v Speaker 5>talk much more about the why and for a second,

0:13:02.559 --> 0:13:03.960
<v Speaker 5>because that's not trivial.

0:13:04.000 --> 0:13:05.079
<v Speaker 4>But yeah, that's it.

0:13:05.520 --> 0:13:08.319
<v Speaker 2>Yeah, maybe just to help us get to the why,

0:13:08.440 --> 0:13:11.480
<v Speaker 2>you could talk about what would be a practical use

0:13:11.559 --> 0:13:14.920
<v Speaker 2>case for this technology. Because if I think about something

0:13:15.040 --> 0:13:18.600
<v Speaker 2>like you know, you mentioned UBI universal Basic income. If

0:13:18.640 --> 0:13:21.880
<v Speaker 2>I think a government starts some sort of UBI program,

0:13:21.920 --> 0:13:25.600
<v Speaker 2>then I would assume that they identify people by something

0:13:25.679 --> 0:13:28.760
<v Speaker 2>like a social Security number or whatever the equivalent might

0:13:28.800 --> 0:13:32.160
<v Speaker 2>be in that country. So what does this do that

0:13:32.240 --> 0:13:35.120
<v Speaker 2>those traditional systems of identity.

0:13:34.679 --> 0:13:36.760
<v Speaker 4>Do not well?

0:13:36.800 --> 0:13:40.640
<v Speaker 5>So when you start with traditional identity, the really hard

0:13:40.679 --> 0:13:44.679
<v Speaker 5>thing for governments is actually making sure everyone only has

0:13:44.720 --> 0:13:48.960
<v Speaker 5>one password, and that is with an identity is called deduplication.

0:13:49.640 --> 0:13:53.160
<v Speaker 5>It's a really hard problem because all the systems, all

0:13:53.160 --> 0:13:55.800
<v Speaker 5>the technologies you use usually in your life, let's say

0:13:55.840 --> 0:13:59.360
<v Speaker 5>your iPhone Phase ID. What that actually does is just

0:13:59.520 --> 0:14:04.080
<v Speaker 5>it re authenticates you, so it realizes I'm the same

0:14:04.120 --> 0:14:06.240
<v Speaker 5>person again logging into that phone. And that's a one

0:14:06.240 --> 0:14:09.079
<v Speaker 5>to one comparison, and that is fairly easy to do.

0:14:10.160 --> 0:14:12.200
<v Speaker 5>What is really hard to do is making sure okay,

0:14:12.320 --> 0:14:15.360
<v Speaker 5>Alex did not sign up compared to a billion other people.

0:14:16.280 --> 0:14:20.360
<v Speaker 5>And so that's why many governments actually have biometric systems

0:14:20.360 --> 0:14:24.320
<v Speaker 5>in place, because otherwise also their Social Security number system

0:14:24.320 --> 0:14:27.880
<v Speaker 5>would completely break. But that's not rolled out globally. So

0:14:27.960 --> 0:14:31.920
<v Speaker 5>in fact, a good mental model is about fifty percent

0:14:31.920 --> 0:14:35.560
<v Speaker 5>of the global population actually have a digitally verifiable identity.

0:14:36.120 --> 0:14:37.920
<v Speaker 4>But that's a huge number of people.

0:14:37.680 --> 0:14:40.400
<v Speaker 5>That just don't have it right, And so I think

0:14:40.600 --> 0:14:45.840
<v Speaker 5>United States is pretty good, or at least decent. It's

0:14:45.880 --> 0:14:50.120
<v Speaker 5>actually not a really good at any solution. Europe in

0:14:50.240 --> 0:14:56.880
<v Speaker 5>parts is pretty capable. The strongest is India, although there's

0:14:57.000 --> 0:15:00.240
<v Speaker 5>definitely privacy concerns here because they don't use you knowledge

0:15:00.280 --> 0:15:01.120
<v Speaker 5>proofs and things like that.

0:15:01.160 --> 0:15:02.800
<v Speaker 4>But for example, India.

0:15:03.000 --> 0:15:06.080
<v Speaker 5>They have a program called at HOR that also used

0:15:06.880 --> 0:15:09.680
<v Speaker 5>ours recognition to kind of roll out to the global

0:15:09.720 --> 0:15:12.160
<v Speaker 5>population and it really accelerated the whole economy like crazy.

0:15:12.280 --> 0:15:14.600
<v Speaker 5>So they had at HOR and then they build UPI

0:15:14.720 --> 0:15:17.000
<v Speaker 5>on Top, which is a payment rail, and so whenever

0:15:17.040 --> 0:15:18.960
<v Speaker 5>you talk to people that are in that kind of

0:15:19.560 --> 0:15:22.480
<v Speaker 5>area of technology, everyone always brings up India as the

0:15:22.520 --> 0:15:26.480
<v Speaker 5>most prominent example of like what identity plus a strong

0:15:26.520 --> 0:15:29.600
<v Speaker 5>financial rail can actually do to accelerate an economy.

0:15:30.320 --> 0:15:32.160
<v Speaker 4>So, and this is what roll coin is doing. Basically,

0:15:32.240 --> 0:15:32.800
<v Speaker 4>roll coin.

0:15:32.760 --> 0:15:38.400
<v Speaker 5>Is is able to create a d duplication set, so

0:15:38.720 --> 0:15:40.960
<v Speaker 5>it provides me with the ability to prove that I'm

0:15:41.000 --> 0:15:44.640
<v Speaker 5>actually unique against everyone else. But then also there's a

0:15:44.640 --> 0:15:47.160
<v Speaker 5>world ID, which is an identity protocol on top of that.

0:15:48.040 --> 0:15:49.840
<v Speaker 4>And let's start with the basics.

0:15:49.920 --> 0:15:51.640
<v Speaker 5>So the first thing I could do is I could

0:15:51.800 --> 0:15:54.840
<v Speaker 5>log into Twitter and I could say I don't already

0:15:54.840 --> 0:15:58.640
<v Speaker 5>have a Twitter account without actually really my name, And

0:15:58.680 --> 0:16:00.920
<v Speaker 5>then a few things a little bit forward. You could

0:16:00.920 --> 0:16:04.040
<v Speaker 5>even cryptographically sign every tweet you make, so that you

0:16:04.480 --> 0:16:06.440
<v Speaker 5>kind of lay a trace of like, okay, this is

0:16:06.480 --> 0:16:10.200
<v Speaker 5>actually Alex versus anyone else. And I think this is

0:16:10.240 --> 0:16:14.280
<v Speaker 5>really where this is going to go, right, because this

0:16:14.720 --> 0:16:19.920
<v Speaker 5>progress around AI is definitely an exponential So we will

0:16:19.920 --> 0:16:21.960
<v Speaker 5>get to a place where you will help You will

0:16:21.960 --> 0:16:24.240
<v Speaker 5>have to authenticate pretty much everything you do on the internet.

0:16:25.080 --> 0:16:25.880
<v Speaker 4>So that's the basic.

0:16:25.960 --> 0:16:28.920
<v Speaker 5>But then with rold eddy, which is a protocol that

0:16:29.040 --> 0:16:33.880
<v Speaker 5>lets you add verifiable credentials and many other things, with

0:16:33.920 --> 0:16:36.080
<v Speaker 5>an identity space, you can actually bootstop a whole identity

0:16:36.120 --> 0:16:36.760
<v Speaker 5>system on top.

0:16:37.480 --> 0:16:39.960
<v Speaker 4>So this was like a quick grant. But no, it's good.

0:16:40.520 --> 0:16:44.040
<v Speaker 2>So it's not that it's proving that you are, you know,

0:16:44.120 --> 0:16:46.720
<v Speaker 2>a Joe Wisenthal or a Tracy Alloway. It's proving that

0:16:46.760 --> 0:16:51.040
<v Speaker 2>there is only one of you without necessarily the ID

0:16:51.240 --> 0:16:52.800
<v Speaker 2>attached or the name attached.

0:16:53.720 --> 0:16:55.960
<v Speaker 4>That is exactly so that that is the I.

0:16:56.520 --> 0:16:59.600
<v Speaker 5>That is the whole point because then but then what

0:16:59.680 --> 0:17:04.600
<v Speaker 5>we're id lets you do so if you're not into crypto,

0:17:04.840 --> 0:17:08.720
<v Speaker 5>but this whole idea of self custody is very important,

0:17:08.880 --> 0:17:10.160
<v Speaker 5>right of course, I'm pretty sure.

0:17:10.080 --> 0:17:10.800
<v Speaker 4>It came up before.

0:17:12.560 --> 0:17:15.679
<v Speaker 5>What that lets you do is you basically you verify

0:17:15.720 --> 0:17:19.679
<v Speaker 5>for well, can you receive your world Eddy? And then

0:17:19.720 --> 0:17:22.000
<v Speaker 5>it might be that for some applications you actually want

0:17:22.000 --> 0:17:26.040
<v Speaker 5>to prove that you're over eighteen or you're Joe viisatal.

0:17:26.800 --> 0:17:30.119
<v Speaker 5>Then the world Eddie protocol, which is literally just like

0:17:30.119 --> 0:17:33.000
<v Speaker 5>an open source protocol and every developer, every company could

0:17:33.040 --> 0:17:36.120
<v Speaker 5>implement with that, You as a user reader can then

0:17:36.160 --> 0:17:39.760
<v Speaker 5>decide to also attach additional information to your world Eddie,

0:17:39.800 --> 0:17:42.239
<v Speaker 5>so that is my name or that is my can

0:17:42.320 --> 0:17:45.400
<v Speaker 5>we see information and then you can decide to reveel

0:17:45.480 --> 0:17:47.840
<v Speaker 5>that to some applications with zon knowledge proofs as well,

0:17:48.240 --> 0:17:51.360
<v Speaker 5>but no one other than you actually has that information.

0:17:51.840 --> 0:17:55.960
<v Speaker 1>So I think, God, I've I have like hundreds of questions.

0:17:56.000 --> 0:17:57.800
<v Speaker 1>There are so many different ways. So you know, one

0:17:57.840 --> 0:18:01.399
<v Speaker 1>basic but one idea. You keep mentioning zero knowledge proven

0:18:01.520 --> 0:18:03.399
<v Speaker 1>just to sort of like the basic idea, And this

0:18:03.480 --> 0:18:06.320
<v Speaker 1>is the shortest. Like you know, I go to websites,

0:18:06.359 --> 0:18:09.760
<v Speaker 1>sometimes government websites, you entering your social security number. But

0:18:09.800 --> 0:18:12.560
<v Speaker 1>the idea is with zero knowledge proof, it would be

0:18:13.040 --> 0:18:16.200
<v Speaker 1>I prove to the government that I know my social

0:18:16.200 --> 0:18:19.480
<v Speaker 1>Security number without telling the government what my social security

0:18:19.520 --> 0:18:20.000
<v Speaker 1>number is.

0:18:21.080 --> 0:18:23.160
<v Speaker 5>Well, I mean that that one is actually tricky because

0:18:23.520 --> 0:18:25.720
<v Speaker 5>in that cause you would reveal the social security number.

0:18:25.760 --> 0:18:28.240
<v Speaker 5>What is a much more what is a much better

0:18:28.359 --> 0:18:33.680
<v Speaker 5>way to explain it is a website asks you are

0:18:33.680 --> 0:18:35.639
<v Speaker 5>you on any kinds of sanctional list?

0:18:36.520 --> 0:18:36.720
<v Speaker 2>Right?

0:18:37.200 --> 0:18:37.480
<v Speaker 4>Right?

0:18:38.560 --> 0:18:42.399
<v Speaker 5>Or are you over eighteen? Or are you actually a

0:18:42.440 --> 0:18:43.080
<v Speaker 5>US citizen?

0:18:43.960 --> 0:18:44.240
<v Speaker 4>Right?

0:18:44.359 --> 0:18:47.600
<v Speaker 5>And then these things you could prove of zon knowledge

0:18:47.960 --> 0:18:49.800
<v Speaker 5>And then basically what comes out of this is like

0:18:50.600 --> 0:18:54.639
<v Speaker 5>approve runs on your phone that you're not included in

0:18:54.680 --> 0:18:57.280
<v Speaker 5>a sanctions list. Let's say and that the only thing

0:18:57.320 --> 0:18:59.359
<v Speaker 5>that comes out and ends up with the website is

0:18:59.520 --> 0:19:02.920
<v Speaker 5>yes or no. But the website does not know what

0:19:03.080 --> 0:19:05.399
<v Speaker 5>is the social security number you check against it.

0:19:22.160 --> 0:19:24.719
<v Speaker 1>So then the other question I have, and the obvious

0:19:24.760 --> 0:19:29.160
<v Speaker 1>thing is look, scanning your eyeball it's gonna make anyone anxious,

0:19:29.200 --> 0:19:31.960
<v Speaker 1>and I'm like totally upward even I'm like, you know,

0:19:32.000 --> 0:19:37.040
<v Speaker 1>a little bit anxious about it. How do you establish

0:19:37.680 --> 0:19:41.359
<v Speaker 1>so there's no unlike say clear at the airport, which

0:19:41.359 --> 0:19:43.560
<v Speaker 1>also uses an eyeball scan so that you can go

0:19:43.640 --> 0:19:48.520
<v Speaker 1>buy security, there's no centralized database of our irises, And

0:19:48.560 --> 0:19:50.800
<v Speaker 1>how do you sort of like establish or prove to

0:19:50.880 --> 0:19:53.960
<v Speaker 1>people that there's no database Because if my understanding, there

0:19:54.000 --> 0:19:56.679
<v Speaker 1>has been reporting that at least at some point in

0:19:56.760 --> 0:20:00.359
<v Speaker 1>the process of the development of world Cli and as

0:20:00.359 --> 0:20:02.720
<v Speaker 1>you've grown as a startup, that at one point or

0:20:02.760 --> 0:20:05.400
<v Speaker 1>at least currently there was a Irish database.

0:20:06.200 --> 0:20:08.600
<v Speaker 4>Okay, so there there's many things here. Yeah, we've got

0:20:08.600 --> 0:20:08.960
<v Speaker 4>to start.

0:20:09.000 --> 0:20:12.919
<v Speaker 5>I'm going to start with explaining how to develop comfort

0:20:12.920 --> 0:20:16.960
<v Speaker 5>around the idea and why why it's necessary. So, first

0:20:16.960 --> 0:20:20.399
<v Speaker 5>of all, I hated the idea of building the door,

0:20:20.560 --> 0:20:20.879
<v Speaker 5>like when we.

0:20:20.880 --> 0:20:22.280
<v Speaker 4>Actually started working a rockin like it.

0:20:22.359 --> 0:20:26.399
<v Speaker 5>It was absolutely horrific because it's We've been four people

0:20:26.480 --> 0:20:29.760
<v Speaker 5>sitting in a smart, small apartment in San Francisco and

0:20:30.040 --> 0:20:34.560
<v Speaker 5>the idea of building hydred devices that take biometric data

0:20:34.600 --> 0:20:37.240
<v Speaker 5>and enroll theomagic globally was a horrific idea back then.

0:20:37.280 --> 0:20:41.640
<v Speaker 5>One because it's very complicated expensive, And then yeah.

0:20:41.440 --> 0:20:43.760
<v Speaker 2>I imagine pitching that one to VCS would be kind

0:20:43.760 --> 0:20:44.560
<v Speaker 2>of tricky.

0:20:44.320 --> 0:20:47.240
<v Speaker 4>Right, Oh, it was, it was. It was horrific.

0:20:47.320 --> 0:20:49.159
<v Speaker 5>It was in the middle of it was also like,

0:20:49.320 --> 0:20:52.840
<v Speaker 5>I mean rock kind is also a crypto project, and

0:20:53.440 --> 0:20:56.199
<v Speaker 5>well I want to ask you. Yeah, we started like

0:20:56.240 --> 0:20:59.160
<v Speaker 5>in the middle of a bear market. So I remember

0:20:59.240 --> 0:21:01.280
<v Speaker 5>back then when we talked the first syvestors, They're like, okay,

0:21:01.320 --> 0:21:03.879
<v Speaker 5>like other than etheroreum or bridcoin, nothing will exist, Like

0:21:03.920 --> 0:21:06.760
<v Speaker 5>all of this nonsense. What do you talk about AI? Also,

0:21:06.920 --> 0:21:09.440
<v Speaker 5>no one cares about that. Also like what are you

0:21:09.440 --> 0:21:09.960
<v Speaker 5>even doing?

0:21:10.000 --> 0:21:10.119
<v Speaker 4>So?

0:21:10.600 --> 0:21:16.160
<v Speaker 5>But again, so neither me or anyone else was really

0:21:16.200 --> 0:21:21.600
<v Speaker 5>excited about building a hyder device. But really we spent

0:21:21.760 --> 0:21:25.919
<v Speaker 5>almost a year doing research in pretty much everything you

0:21:25.920 --> 0:21:28.879
<v Speaker 5>could do to solve the problem, right, and solving the

0:21:28.960 --> 0:21:32.639
<v Speaker 5>problem is okay, issuing a privacy preserving identity that works globally,

0:21:33.160 --> 0:21:36.000
<v Speaker 5>not only in the United States, not only in Europe.

0:21:37.200 --> 0:21:41.439
<v Speaker 5>What do we have to do? And there's basically like

0:21:41.520 --> 0:21:45.600
<v Speaker 5>three big answers to this. One is you use government

0:21:45.720 --> 0:21:49.359
<v Speaker 5>KYC right, which might be a sufficient answer for some

0:21:49.359 --> 0:21:51.399
<v Speaker 5>parts of the world, but it was pretty shocking to

0:21:51.440 --> 0:21:55.600
<v Speaker 5>realize for how few right, So kind of that very

0:21:55.680 --> 0:22:01.520
<v Speaker 5>quickly disqualified. Second is what people call of trust, So

0:22:01.720 --> 0:22:03.720
<v Speaker 5>this whole idea that you just like you build reputation

0:22:03.840 --> 0:22:06.560
<v Speaker 5>between people, and that also, like in Shure, it just

0:22:06.600 --> 0:22:07.120
<v Speaker 5>didn't work.

0:22:07.320 --> 0:22:08.800
<v Speaker 4>And the second and then the third.

0:22:08.600 --> 0:22:14.760
<v Speaker 5>Is biometrics and everything that surrounds that whole field. And

0:22:14.880 --> 0:22:19.840
<v Speaker 5>within biometrics, we then build prototypes for pretty much everything

0:22:19.840 --> 0:22:23.800
<v Speaker 5>you could imagine. We build palm scanners, we build kind

0:22:23.800 --> 0:22:27.320
<v Speaker 5>of a phase ID like implementation of it, we build

0:22:27.480 --> 0:22:29.800
<v Speaker 5>fingerprint scanners, all these things. But the short of it

0:22:29.920 --> 0:22:33.680
<v Speaker 5>is to solve this D duplication problem. So this uniqueness check,

0:22:33.960 --> 0:22:38.920
<v Speaker 5>you need a lot of entropy, so information about each user.

0:22:39.320 --> 0:22:43.600
<v Speaker 5>If you don't have that, your error rate explodes exponentially.

0:22:43.920 --> 0:22:47.399
<v Speaker 5>And so simple example, if you would use a face

0:22:47.480 --> 0:22:50.800
<v Speaker 5>ID to solve the same problem, after tens of millions

0:22:50.840 --> 0:22:54.199
<v Speaker 5>of users, you would have to reject everyone, so you

0:22:54.200 --> 0:22:56.200
<v Speaker 5>don't have a constant errate. You don't have like five

0:22:56.240 --> 0:22:59.400
<v Speaker 5>percent will constantly reject, but you just hit a wall

0:22:59.440 --> 0:23:02.240
<v Speaker 5>and your system breaks, and.

0:23:02.320 --> 0:23:03.280
<v Speaker 4>So face does work.

0:23:03.760 --> 0:23:07.000
<v Speaker 5>Same is true for fingerprints, and the only thing that

0:23:07.040 --> 0:23:10.520
<v Speaker 5>really works is and is proven to work as harvest recognition.

0:23:10.640 --> 0:23:11.880
<v Speaker 4>So that's why we ended up there.

0:23:12.280 --> 0:23:14.119
<v Speaker 5>And then even with an iris recognition, we even had

0:23:14.160 --> 0:23:15.760
<v Speaker 5>to build our own hardware. We had to build our

0:23:15.800 --> 0:23:21.080
<v Speaker 5>own lens, which sounds absolutely ridiculous, but we kind of

0:23:21.119 --> 0:23:22.919
<v Speaker 5>had to build this whole device from the ground up

0:23:22.960 --> 0:23:23.760
<v Speaker 5>to make that happen.

0:23:24.280 --> 0:23:26.760
<v Speaker 4>So much to the why and.

0:23:26.880 --> 0:23:29.240
<v Speaker 5>How do we get people are like, how do we

0:23:29.320 --> 0:23:34.600
<v Speaker 5>think about this whole headline of comfort around this? There's

0:23:34.640 --> 0:23:38.720
<v Speaker 5>a couple of things. One actually built a privacy preserving

0:23:38.760 --> 0:23:42.600
<v Speaker 5>system that goes way further than what you're used to,

0:23:42.920 --> 0:23:45.080
<v Speaker 5>all right, And that's I think really what we did

0:23:45.480 --> 0:23:49.359
<v Speaker 5>because there's no information about you that you actually reveal

0:23:49.400 --> 0:23:51.040
<v Speaker 5>by using world coin, and I think.

0:23:50.880 --> 0:23:52.840
<v Speaker 4>That's pretty remarkable.

0:23:52.840 --> 0:23:55.720
<v Speaker 5>It's definitely countentitive because you're like, okay, we use eyeball

0:23:55.720 --> 0:23:59.600
<v Speaker 5>scanning and yeah, so this is headline one, headline two,

0:24:00.480 --> 0:24:05.280
<v Speaker 5>and that's a journey for sure is open sourcing everything, right,

0:24:05.359 --> 0:24:09.080
<v Speaker 5>So this, I think that's one of the core parts

0:24:09.080 --> 0:24:13.919
<v Speaker 5>of the crypto ethos is just you don't have to trust,

0:24:14.040 --> 0:24:18.320
<v Speaker 5>but rather you can verify and we the hardware is

0:24:18.320 --> 0:24:22.159
<v Speaker 5>completely open source already, the software to meaningful parts, the

0:24:22.200 --> 0:24:26.639
<v Speaker 5>protocol completely and so everything will be open source in

0:24:26.680 --> 0:24:31.439
<v Speaker 5>the coming months. And so that's that's answer two. And

0:24:31.480 --> 0:24:32.520
<v Speaker 5>then three.

0:24:33.600 --> 0:24:36.960
<v Speaker 4>It actually is way less of a thing than you

0:24:36.960 --> 0:24:37.440
<v Speaker 4>would think.

0:24:37.600 --> 0:24:40.320
<v Speaker 5>So we have now one point seven million users, roughly

0:24:41.280 --> 0:24:43.480
<v Speaker 5>six hundred thousand of them that use the app on

0:24:43.600 --> 0:24:44.480
<v Speaker 5>a monthly basis.

0:24:45.560 --> 0:24:47.480
<v Speaker 4>I travel the world very frequently.

0:24:47.520 --> 0:24:49.160
<v Speaker 5>I talk to a lot of users on the ground

0:24:49.160 --> 0:24:51.560
<v Speaker 5>and just like try to understand what's kind of what's

0:24:51.640 --> 0:24:53.359
<v Speaker 5>what's your feeling, what do you what do you understand?

0:24:53.400 --> 0:24:54.240
<v Speaker 4>What you not do understand?

0:24:54.280 --> 0:25:00.719
<v Speaker 5>And it is very much Yeah, like broadly speakingly speaking,

0:25:00.840 --> 0:25:04.200
<v Speaker 5>this is way less of a concern, which obviously does

0:25:04.240 --> 0:25:07.080
<v Speaker 5>not lure our bar but it's the case.

0:25:07.960 --> 0:25:10.159
<v Speaker 2>So I have two things on that, and I think

0:25:10.160 --> 0:25:12.560
<v Speaker 2>they're sort of related. But one why does open source

0:25:12.560 --> 0:25:16.879
<v Speaker 2>seem to be such a thing an AI in particular?

0:25:17.040 --> 0:25:22.640
<v Speaker 2>And then secondly, what is the crypto role in this project?

0:25:22.720 --> 0:25:25.520
<v Speaker 2>Because yeah, you know we mentioned world coin. I can

0:25:25.560 --> 0:25:28.520
<v Speaker 2>only imagine what it was like pitching two vcs in

0:25:28.560 --> 0:25:32.159
<v Speaker 2>the midst of crypto bear market saying we want to

0:25:32.240 --> 0:25:35.040
<v Speaker 2>scan everyone's eyeballs and oh, by the way, there's also

0:25:35.119 --> 0:25:37.720
<v Speaker 2>like a crypto element to this as well, a token.

0:25:38.200 --> 0:25:39.760
<v Speaker 2>Why have that component of it?

0:25:41.080 --> 0:25:43.640
<v Speaker 5>I mean, at this point I'm actually not an AI

0:25:43.680 --> 0:25:46.080
<v Speaker 5>expert anymore because I think I'm basically two years out

0:25:46.080 --> 0:25:49.359
<v Speaker 5>of the field. Went it too crypto, which is an

0:25:49.400 --> 0:25:52.440
<v Speaker 5>interesting journey also, but as.

0:25:52.359 --> 0:25:54.720
<v Speaker 2>Soon you'll be going back into AI probably that's what

0:25:54.800 --> 0:25:56.200
<v Speaker 2>all the crypto people are doing.

0:25:56.040 --> 0:25:59.480
<v Speaker 4>Now right, Well, no.

0:26:01.160 --> 0:26:01.440
<v Speaker 2>Joking.

0:26:03.280 --> 0:26:05.520
<v Speaker 5>So why is open sourcing such a thing? It is

0:26:05.600 --> 0:26:10.760
<v Speaker 5>basically around AI specifically. It is that you have a

0:26:10.880 --> 0:26:16.840
<v Speaker 5>technology that is probably as foundational as electricity, as literally

0:26:17.480 --> 0:26:21.600
<v Speaker 5>like it's it's still I think, incomprehensible to people. What

0:26:21.680 --> 0:26:23.600
<v Speaker 5>a big deal this is, right, This is like one

0:26:23.600 --> 0:26:27.240
<v Speaker 5>of the biggest paradigm shifts in technology that happened ever.

0:26:28.080 --> 0:26:31.959
<v Speaker 5>And there is different approaches of how to deal with

0:26:32.000 --> 0:26:36.880
<v Speaker 5>this and all the underlying risks, and basically two different

0:26:37.840 --> 0:26:40.400
<v Speaker 5>lines of thought is one as the open source everything.

0:26:40.920 --> 0:26:43.560
<v Speaker 5>Everyone should be able to ratify and understand how everything

0:26:43.600 --> 0:26:46.680
<v Speaker 5>is happening, and then the other is, well, you actually

0:26:46.720 --> 0:26:48.399
<v Speaker 5>kind of have to lock down these models because if

0:26:48.440 --> 0:26:51.880
<v Speaker 5>it ends up in the wrong hands, then malicious actors

0:26:51.920 --> 0:26:54.720
<v Speaker 5>have a lot of power. And I think, I mean

0:26:54.760 --> 0:26:58.720
<v Speaker 5>OPENINGI is definitely the kind of in the center of

0:26:58.720 --> 0:27:01.760
<v Speaker 5>discourse because it started with open sourcing and then the

0:27:01.760 --> 0:27:06.800
<v Speaker 5>team realized throughout the years that actually this whole premise

0:27:06.840 --> 0:27:11.200
<v Speaker 5>of open sourcing is probably a terrible idea. So that's

0:27:11.200 --> 0:27:14.480
<v Speaker 5>why it's a discussion discussion with an AI. Within crypto,

0:27:15.040 --> 0:27:19.200
<v Speaker 5>it is just that the whole thesis of crypto is

0:27:19.240 --> 0:27:22.280
<v Speaker 5>that you build actual protocols, not companies, So you build

0:27:22.520 --> 0:27:26.560
<v Speaker 5>systems that are not dependent on a small group of people,

0:27:27.440 --> 0:27:32.639
<v Speaker 5>can be completely verified and can run over decades without

0:27:32.680 --> 0:27:36.000
<v Speaker 5>being interrupted by a living and that's open sources, just

0:27:36.040 --> 0:27:40.040
<v Speaker 5>like the core of this, together with decentralization. So I

0:27:40.040 --> 0:27:42.800
<v Speaker 5>think that's a I actually do think with an AI

0:27:42.880 --> 0:27:45.480
<v Speaker 5>it's it's a very overblown discussion.

0:27:46.400 --> 0:27:49.200
<v Speaker 4>I think within crypto it's the core thesis almost.

0:27:50.119 --> 0:27:53.879
<v Speaker 2>And so the crypto element with world coin, as I

0:27:54.000 --> 0:27:57.840
<v Speaker 2>understand it, is to like insert a degree of I

0:27:57.840 --> 0:28:01.359
<v Speaker 2>guess community control over that technology. Right, Like there's some

0:28:01.400 --> 0:28:04.320
<v Speaker 2>talk about the tokens coming with voting rights and things

0:28:04.359 --> 0:28:04.720
<v Speaker 2>like that.

0:28:05.520 --> 0:28:06.560
<v Speaker 4>There are so many things there.

0:28:06.600 --> 0:28:13.679
<v Speaker 5>Actually, one is I think crypto, and that's something that

0:28:13.800 --> 0:28:16.560
<v Speaker 5>is if you're not kind of deeply in the space,

0:28:16.640 --> 0:28:19.640
<v Speaker 5>that is hard to kind of realize what a big

0:28:19.680 --> 0:28:23.560
<v Speaker 5>deal is. But it is this idea that tokens build

0:28:23.640 --> 0:28:27.960
<v Speaker 5>business models for networks almost right, So you don't know,

0:28:28.080 --> 0:28:30.200
<v Speaker 5>you don't have a company, but rather you have a

0:28:31.040 --> 0:28:34.800
<v Speaker 5>you have a like let's let's let's say ethereum. Etheroreum

0:28:34.840 --> 0:28:38.360
<v Speaker 5>is a very powerful protocol, but it has kind of

0:28:38.400 --> 0:28:40.600
<v Speaker 5>an underlying business model. But it's not that Vitaly gets

0:28:40.680 --> 0:28:44.080
<v Speaker 5>rich by that. It is his fees on the system.

0:28:44.360 --> 0:28:47.280
<v Speaker 5>He well, he did, but because he was early, not

0:28:47.400 --> 0:28:49.520
<v Speaker 5>because now he still makes money. Right, It's not that

0:28:49.560 --> 0:28:51.800
<v Speaker 5>the company is printing money and then Vitaly gets rich

0:28:51.840 --> 0:28:54.480
<v Speaker 5>every month, but rather you have a token and you

0:28:54.560 --> 0:28:57.680
<v Speaker 5>have a fee structure, and as the utility increases, the

0:28:57.720 --> 0:29:01.080
<v Speaker 5>network can basically sustain itself, right, so it can sustain

0:29:01.120 --> 0:29:03.960
<v Speaker 5>its security, it can sustain its operation and things like that,

0:29:04.640 --> 0:29:06.680
<v Speaker 5>and so.

0:29:06.880 --> 0:29:10.120
<v Speaker 4>You basically find a way how you fund a.

0:29:10.120 --> 0:29:14.280
<v Speaker 5>Decentralized operation and can it just let it sustain over

0:29:14.320 --> 0:29:18.360
<v Speaker 5>time and that is one of the big core things

0:29:18.400 --> 0:29:22.960
<v Speaker 5>here is you build very like when rol con works,

0:29:23.000 --> 0:29:28.080
<v Speaker 5>it's really foundational infrastructure. It's I think, without being overconfident,

0:29:28.160 --> 0:29:30.160
<v Speaker 5>I think it's it is a very big deal because

0:29:30.160 --> 0:29:33.320
<v Speaker 5>it's a very foundational piece of technology. It just doesn't

0:29:33.320 --> 0:29:36.480
<v Speaker 5>exist right now. That should not be in the hands

0:29:36.520 --> 0:29:40.280
<v Speaker 5>off a few people, but rather it should be governed

0:29:40.320 --> 0:29:42.880
<v Speaker 5>by a wider group of people, and it should actually

0:29:42.920 --> 0:29:46.480
<v Speaker 5>be decentralized. So also that it cannot break just if

0:29:46.480 --> 0:29:48.680
<v Speaker 5>I'm in a bad mood, Let's say that would be depth.

0:29:48.800 --> 0:29:51.160
<v Speaker 2>That would be so instead of having like a centralized

0:29:51.200 --> 0:29:55.560
<v Speaker 2>actor who controls the ORB, which is a sentence I

0:29:55.560 --> 0:29:59.480
<v Speaker 2>didn't think I would say today you have this decentralized

0:29:59.520 --> 0:30:04.640
<v Speaker 2>group of investors slash stakeholders. Is that how it works?

0:30:05.600 --> 0:30:06.880
<v Speaker 3>Yep, got it.

0:30:07.000 --> 0:30:09.120
<v Speaker 5>This is like the sparks now like a whole other

0:30:09.360 --> 0:30:13.440
<v Speaker 5>part of conversation, but basically how it works is so

0:30:13.480 --> 0:30:17.040
<v Speaker 5>the ORB is an open source heard of advice. Right now,

0:30:18.240 --> 0:30:20.680
<v Speaker 5>the company that I'm a CEO of Tools for Humanity

0:30:21.600 --> 0:30:24.320
<v Speaker 5>is the only ones that produce these orbs. But this

0:30:24.360 --> 0:30:27.040
<v Speaker 5>will change, so you will have, like if you're fast

0:30:27.040 --> 0:30:28.800
<v Speaker 5>forward two three years in the future, you and I

0:30:28.840 --> 0:30:31.440
<v Speaker 5>have many companies that produce their implementation of the ORB

0:30:31.560 --> 0:30:34.840
<v Speaker 5>following the same standards that connect to the work on protocol.

0:30:35.680 --> 0:30:38.160
<v Speaker 4>Right, so you basically.

0:30:37.880 --> 0:30:40.560
<v Speaker 1>Apple could produce an or theoremically.

0:30:40.160 --> 0:30:43.280
<v Speaker 5>Apple, Microsoft, like whatever, they could produce their own ORB,

0:30:43.280 --> 0:30:45.760
<v Speaker 5>follow their own standards, make it, design it the way

0:30:45.760 --> 0:30:50.040
<v Speaker 5>they want, but it will connect to the protocol, and

0:30:50.960 --> 0:30:56.400
<v Speaker 5>that will allow for just a very foundational protocol on

0:30:56.440 --> 0:30:59.760
<v Speaker 5>the Internet that everyone can use that doesn't break. And

0:31:00.280 --> 0:31:06.760
<v Speaker 5>the token distributes the governance and also the incentive makingsmus

0:31:06.760 --> 0:31:08.160
<v Speaker 5>all around the same goal.

0:31:24.480 --> 0:31:27.440
<v Speaker 1>So I mean you talked about the importance of like, okay,

0:31:27.440 --> 0:31:29.880
<v Speaker 1>if this is going to be this foundational infrastructure that

0:31:30.200 --> 0:31:34.440
<v Speaker 1>everyone uses in some way to verify themselves or whatever,

0:31:35.040 --> 0:31:37.960
<v Speaker 1>and also is the sort of rails perhaps for some

0:31:38.200 --> 0:31:41.480
<v Speaker 1>universal basic income that we all need because you know,

0:31:41.520 --> 0:31:43.160
<v Speaker 1>AI is going to put half of us out of

0:31:43.240 --> 0:31:46.280
<v Speaker 1>jobs in theory, like okay, it's better be like not

0:31:46.440 --> 0:31:49.880
<v Speaker 1>just controlled no offense by Alex Blanya and Sam Altman,

0:31:49.960 --> 0:31:51.920
<v Speaker 1>like that'd be kind of weird. But how do we

0:31:51.960 --> 0:31:53.720
<v Speaker 1>know this not the case? And I want to go

0:31:53.800 --> 0:31:56.600
<v Speaker 1>back to a question I asked specifically about like in

0:31:56.680 --> 0:31:59.680
<v Speaker 1>the past, like have you had a IRIS database.

0:32:01.000 --> 0:32:04.280
<v Speaker 5>So how it works is and that's not it's not

0:32:04.320 --> 0:32:07.800
<v Speaker 5>a secret. Basically, when you when you verify with with

0:32:07.920 --> 0:32:11.640
<v Speaker 5>roll coin, go to the flow. So let's say here

0:32:11.640 --> 0:32:12.760
<v Speaker 5>what roll coin, you're excited about it?

0:32:12.840 --> 0:32:15.280
<v Speaker 4>Whatever, you want to sign up? You download an app.

0:32:15.680 --> 0:32:17.560
<v Speaker 5>Right now, there's only one app that lets you do that,

0:32:17.600 --> 0:32:20.479
<v Speaker 5>but soon that also will change. So right now that

0:32:20.520 --> 0:32:23.920
<v Speaker 5>it is called world app. It's a non constudial wallet.

0:32:24.600 --> 0:32:28.680
<v Speaker 5>You click verify now, a map pops up, hopefully we're

0:32:28.720 --> 0:32:32.200
<v Speaker 5>near you. You go to an orb and then you

0:32:32.280 --> 0:32:35.840
<v Speaker 5>show kr open. Thirty seconds later you receive your world

0:32:35.920 --> 0:32:38.719
<v Speaker 5>eddy and you also receive world coin on a rolling basis.

0:32:38.800 --> 0:32:41.480
<v Speaker 5>Every week receive like a small part.

0:32:41.760 --> 0:32:47.240
<v Speaker 4>Of world coin. And in that kind of flow.

0:32:47.600 --> 0:32:49.880
<v Speaker 5>Because we're in beta, we actually did not launch yet

0:32:50.120 --> 0:32:52.479
<v Speaker 5>right The launch is something that's going to happen recentaly soon.

0:32:52.520 --> 0:32:54.040
<v Speaker 5>It's also why we talk right now, why it's a

0:32:54.120 --> 0:32:57.960
<v Speaker 5>very important moment in time for us. There you had

0:32:57.960 --> 0:33:00.640
<v Speaker 5>two options, opt in or opt out. Opt out is

0:33:00.680 --> 0:33:04.320
<v Speaker 5>basically we don't have any data of you. Opt in

0:33:04.400 --> 0:33:09.440
<v Speaker 5>means we basically have custody of your data. For the

0:33:09.520 --> 0:33:12.320
<v Speaker 5>reason that the neural networks that are on this device

0:33:12.400 --> 0:33:14.960
<v Speaker 5>right now are still in development, and so if you

0:33:15.440 --> 0:33:19.760
<v Speaker 5>opt out, it could happen that you have to reverify

0:33:19.800 --> 0:33:22.560
<v Speaker 5>in a year or so, because we basically just updated

0:33:22.560 --> 0:33:25.560
<v Speaker 5>a model as we as we as we went. But

0:33:26.040 --> 0:33:29.360
<v Speaker 5>where this is going is very clearly by and I

0:33:29.400 --> 0:33:32.000
<v Speaker 5>think actually launch, it will be completely opt out.

0:33:32.880 --> 0:33:33.480
<v Speaker 4>This is just.

0:33:35.360 --> 0:33:38.560
<v Speaker 5>That the nature of being in beta and developing technology

0:33:38.560 --> 0:33:38.880
<v Speaker 5>as we go.

0:33:39.880 --> 0:33:41.719
<v Speaker 2>So I take the point that you're in beta at

0:33:41.720 --> 0:33:45.760
<v Speaker 2>the moment. But you know, the arc of recent technological

0:33:45.800 --> 0:33:48.719
<v Speaker 2>innovation seems to be that people often come up with

0:33:48.760 --> 0:33:51.560
<v Speaker 2>something with the best of intentions or in order to

0:33:51.680 --> 0:33:56.320
<v Speaker 2>solve an identified problem, and then it often gets used

0:33:56.480 --> 0:34:01.240
<v Speaker 2>in the worst possible way. So what's like the terrible

0:34:01.640 --> 0:34:05.280
<v Speaker 2>use case arc of this technology? Because one thing that

0:34:05.320 --> 0:34:08.040
<v Speaker 2>springs to mind, and you know, we could talk about

0:34:08.120 --> 0:34:11.920
<v Speaker 2>robot invasions and like terminator style AI takeovers, but like

0:34:12.040 --> 0:34:15.920
<v Speaker 2>one more realistic thing that would spring to mind is, Okay,

0:34:16.200 --> 0:34:18.799
<v Speaker 2>you set something like this up and then as you

0:34:18.880 --> 0:34:21.520
<v Speaker 2>walk through a shopping mall, you know, there's some other

0:34:21.600 --> 0:34:25.359
<v Speaker 2>technology that's scanning your eyeballs, identifying who you are and

0:34:25.440 --> 0:34:29.600
<v Speaker 2>maybe pitching targeted ads or something like that. Like how

0:34:29.640 --> 0:34:35.160
<v Speaker 2>do you separate the identity verification from companies using that

0:34:35.760 --> 0:34:37.319
<v Speaker 2>for other purposes?

0:34:38.080 --> 0:34:42.839
<v Speaker 4>Yep. So we actually have a quite.

0:34:44.160 --> 0:34:47.319
<v Speaker 5>In dem for extreme in the company right now in

0:34:47.320 --> 0:34:49.960
<v Speaker 5>Tools Rehumanity, and we will publish this as we go

0:34:50.800 --> 0:34:54.400
<v Speaker 5>that just like we tried to come of the worst,

0:34:54.800 --> 0:34:59.360
<v Speaker 5>weirdest scenarios of like whatever China's attacking the network with

0:34:59.400 --> 0:35:01.640
<v Speaker 5>billions of the like what could actually happen?

0:35:01.680 --> 0:35:02.719
<v Speaker 4>What could go wrong? Right?

0:35:03.160 --> 0:35:07.799
<v Speaker 5>So the thing is given seer knowledge proofs separate your

0:35:07.840 --> 0:35:13.200
<v Speaker 5>walid from the kind of the uniqueness check the only

0:35:13.280 --> 0:35:16.680
<v Speaker 5>thing that could happen. And to be clear, in some

0:35:16.760 --> 0:35:19.040
<v Speaker 5>cases that actually, like if you think ten years in

0:35:19.080 --> 0:35:21.000
<v Speaker 5>the future and you think, like rollkindness is very powerful

0:35:21.040 --> 0:35:26.480
<v Speaker 5>technology that could actually be bad is people could say, Okay,

0:35:26.560 --> 0:35:29.640
<v Speaker 5>that individual is verified with roll coin, yes or no, right,

0:35:29.719 --> 0:35:32.240
<v Speaker 5>and that might like you could definitely think of scenarios

0:35:32.280 --> 0:35:36.040
<v Speaker 5>of like, okay, China is banning roll coin because it's

0:35:36.200 --> 0:35:39.399
<v Speaker 5>literally the anti thesis of what they're building with their

0:35:39.440 --> 0:35:40.040
<v Speaker 5>in anity.

0:35:39.800 --> 0:35:43.200
<v Speaker 4>System, because it's privacy preserving that.

0:35:43.280 --> 0:35:46.279
<v Speaker 5>You might actually have it might be bad for you

0:35:46.360 --> 0:35:48.759
<v Speaker 5>to be verified with roll coin or whatever. Right, So

0:35:48.800 --> 0:35:50.640
<v Speaker 5>there's like there's some set scenarios here. But I think

0:35:50.680 --> 0:35:53.160
<v Speaker 5>that's that is pretty much the worst case scenario you're

0:35:53.160 --> 0:35:57.399
<v Speaker 5>looking at, because otherwise the only like, let's go even

0:35:57.400 --> 0:35:59.840
<v Speaker 5>to the far extreme, which to be very clear, is

0:35:59.880 --> 0:36:00.880
<v Speaker 5>not what is the case.

0:36:01.400 --> 0:36:05.000
<v Speaker 4>Let's say there would be like a huge database.

0:36:04.600 --> 0:36:08.360
<v Speaker 5>Of of of biometric images of all users.

0:36:09.120 --> 0:36:12.440
<v Speaker 4>It's not connected to your actual account, so.

0:36:12.840 --> 0:36:17.440
<v Speaker 5>You you still have the most there's like multiple players,

0:36:17.880 --> 0:36:19.120
<v Speaker 5>layers of privacy in between.

0:36:19.160 --> 0:36:21.160
<v Speaker 4>But did make sure that nothing really bad is happening there?

0:36:22.520 --> 0:36:27.279
<v Speaker 1>Well, I'm gonna get into a slightly macabre arc of

0:36:27.320 --> 0:36:30.759
<v Speaker 1>this or maybe sci fi angle, but since we're just

0:36:30.800 --> 0:36:34.320
<v Speaker 1>talking about bad things happening, I'm just gonna go there,

0:36:34.800 --> 0:36:39.800
<v Speaker 1>which is eyeball theft? Someone cutting out, uh if a

0:36:39.960 --> 0:36:44.320
<v Speaker 1>really important person who uses world coin to verify themselves

0:36:44.360 --> 0:36:49.920
<v Speaker 1>on some network, a criminal attacker physically maiming someone like

0:36:50.800 --> 0:36:54.000
<v Speaker 1>I imagine these these these sort of scenarios are digging up

0:36:54.480 --> 0:36:57.759
<v Speaker 1>the dead for their eyeballs. Can these must come up

0:36:57.800 --> 0:37:01.120
<v Speaker 1>in your conversations about really extreme scene. Can you talk

0:37:01.160 --> 0:37:03.319
<v Speaker 1>about some of these sort of like weird out there

0:37:03.360 --> 0:37:04.400
<v Speaker 1>physical risks?

0:37:05.280 --> 0:37:07.319
<v Speaker 5>Yeah, they all of these sign ups would not work

0:37:07.400 --> 0:37:12.200
<v Speaker 5>because the art would realize that you are that person

0:37:12.320 --> 0:37:16.160
<v Speaker 5>is these eyes are not alive and are not connected

0:37:16.200 --> 0:37:17.960
<v Speaker 5>to an actual This is the.

0:37:18.239 --> 0:37:22.440
<v Speaker 2>Moment on all thoughts when we talk about degenerating eyeball tissue.

0:37:23.120 --> 0:37:24.680
<v Speaker 1>But I don't know.

0:37:24.600 --> 0:37:26.719
<v Speaker 4>Anything part of discussion.

0:37:26.800 --> 0:37:29.000
<v Speaker 1>But no, no, no, I mean I am sure. I'm make

0:37:29.000 --> 0:37:31.240
<v Speaker 1>sure really like this is like what is a liveness

0:37:31.320 --> 0:37:33.040
<v Speaker 1>check like? And I guess it goes back to your

0:37:33.120 --> 0:37:36.440
<v Speaker 1>question of like why eyeballs not thumbprints or why not

0:37:36.480 --> 0:37:39.160
<v Speaker 1>fingerprints or face ID or your gate or something like

0:37:39.239 --> 0:37:42.719
<v Speaker 1>talk to us about that verification. Why the eyeball can't

0:37:42.760 --> 0:37:45.520
<v Speaker 1>be replicated? Why wouldn't work if not attached to a

0:37:45.560 --> 0:37:48.440
<v Speaker 1>live person? Like these must come up? This would this?

0:37:48.480 --> 0:37:49.399
<v Speaker 1>What would freak me out?

0:37:50.719 --> 0:37:50.959
<v Speaker 4>Sure?

0:37:51.040 --> 0:37:54.520
<v Speaker 5>So, so the device has multiple senses in front, there's

0:37:54.520 --> 0:37:56.759
<v Speaker 5>like a lot of computer on this device. There's like

0:37:56.800 --> 0:38:01.000
<v Speaker 5>a separate GPU and this seven year old firks that

0:38:01.320 --> 0:38:07.640
<v Speaker 5>basically at all time run and what a large part

0:38:07.680 --> 0:38:09.919
<v Speaker 5>of these networks is doing is just to make sure

0:38:09.960 --> 0:38:14.040
<v Speaker 5>that whatever we see is an actual human being alive,

0:38:14.160 --> 0:38:17.560
<v Speaker 5>no fraud attack, no kind of weird cases. And then

0:38:17.640 --> 0:38:20.439
<v Speaker 5>there is in front, there's multiple sensors that make sure

0:38:20.480 --> 0:38:22.920
<v Speaker 5>that that's the case. And you could even go as

0:38:22.960 --> 0:38:25.680
<v Speaker 5>far as like an AI trying to attack the system,

0:38:25.760 --> 0:38:28.080
<v Speaker 5>because that can also happen in the future, right, so

0:38:28.160 --> 0:38:31.719
<v Speaker 5>all of that should not happen. And so what the

0:38:31.840 --> 0:38:34.880
<v Speaker 5>ORB does It images multi spectral, So what that means

0:38:34.920 --> 0:38:39.520
<v Speaker 5>is across multiple wavelengths and the electroc neetic spectrum all

0:38:39.560 --> 0:38:45.239
<v Speaker 5>at the same time. And this is just like you

0:38:45.239 --> 0:38:49.160
<v Speaker 5>can think of very sophisticated optical table attacks like I

0:38:49.239 --> 0:38:51.160
<v Speaker 5>did a lot of these physics when I was younger.

0:38:52.280 --> 0:38:57.279
<v Speaker 5>You can think of these things, but it's extremely expensive

0:38:58.120 --> 0:39:00.480
<v Speaker 5>and I think even that will not be possible the future.

0:39:00.520 --> 0:39:02.920
<v Speaker 5>So it's just really really hard to fool this device.

0:39:04.840 --> 0:39:08.200
<v Speaker 5>I mean, of course, to be clear, the infrastructure is there,

0:39:08.200 --> 0:39:10.440
<v Speaker 5>like the new networks are still we were still building up,

0:39:10.480 --> 0:39:12.880
<v Speaker 5>so right now we are actually aware of a couple

0:39:12.920 --> 0:39:15.960
<v Speaker 5>of tacks that can still happen, and that will still

0:39:16.000 --> 0:39:17.319
<v Speaker 5>be the case for the next year. Like all of

0:39:17.320 --> 0:39:20.560
<v Speaker 5>this technology is not perfect yet, so we'll still take time,

0:39:20.640 --> 0:39:22.960
<v Speaker 5>but at least the technology is there to make sure

0:39:22.960 --> 0:39:24.719
<v Speaker 5>that none of these attacks will ever go through.

0:39:26.080 --> 0:39:30.560
<v Speaker 2>So setting aside the worst case scenarios maybe a slightly

0:39:30.960 --> 0:39:36.120
<v Speaker 2>easier question, but what is the path to adoption that

0:39:36.160 --> 0:39:39.319
<v Speaker 2>you see here, because like, there are a lot of

0:39:39.360 --> 0:39:42.000
<v Speaker 2>things it feels like to overcome. One is the creepiness

0:39:42.040 --> 0:39:45.239
<v Speaker 2>factor of having your eyeball scan. But secondly, you know,

0:39:45.239 --> 0:39:49.200
<v Speaker 2>if you're touting this as a way to identify people

0:39:49.280 --> 0:39:52.080
<v Speaker 2>who might be in need of some sort of official

0:39:52.120 --> 0:39:55.760
<v Speaker 2>identification in countries that don't necessarily have those systems yet

0:39:56.000 --> 0:39:59.319
<v Speaker 2>or have subpar systems, I imagine like there has to

0:39:59.360 --> 0:40:01.960
<v Speaker 2>be a reason and why they would want to have

0:40:02.000 --> 0:40:05.799
<v Speaker 2>this done. You know, in most places, in almost all

0:40:05.840 --> 0:40:08.320
<v Speaker 2>places in the world, no one is getting universal basic

0:40:08.400 --> 0:40:11.839
<v Speaker 2>income yet, So what is the path to adoption and

0:40:11.880 --> 0:40:15.239
<v Speaker 2>what are the the incentives for people to do this?

0:40:15.960 --> 0:40:16.280
<v Speaker 1>Right?

0:40:16.640 --> 0:40:20.600
<v Speaker 5>This is kind of the the everything question, Like, of

0:40:20.640 --> 0:40:23.080
<v Speaker 5>course if I would have the perfect.

0:40:22.760 --> 0:40:26.480
<v Speaker 4>Answer to this, I would tweet it out.

0:40:26.600 --> 0:40:33.560
<v Speaker 6>But that's a good answer every question we've ever Keep going,

0:40:34.040 --> 0:40:39.359
<v Speaker 6>So we're worried about being replaced. We don't need that anyway, Sorry,

0:40:39.440 --> 0:40:40.000
<v Speaker 6>keep gone.

0:40:41.120 --> 0:40:45.160
<v Speaker 5>Okay, So there's like there there's a couple different arcs

0:40:45.200 --> 0:40:47.719
<v Speaker 5>to the response to this question, right. So one is

0:40:48.400 --> 0:40:50.879
<v Speaker 5>when we launch, there's going to be a token token

0:40:50.920 --> 0:40:54.120
<v Speaker 5>with a capsule apply that will play a very important

0:40:54.160 --> 0:40:58.279
<v Speaker 5>role in that kind of the whole evolving nature of

0:40:58.360 --> 0:41:03.080
<v Speaker 5>this project. And when you sign up, you basically receive

0:41:03.600 --> 0:41:05.680
<v Speaker 5>on a running basis, you receive ownership in a network

0:41:05.719 --> 0:41:08.920
<v Speaker 5>through the token, And I think that's exciting for a

0:41:08.960 --> 0:41:09.520
<v Speaker 5>lot of reasons.

0:41:09.600 --> 0:41:10.960
<v Speaker 4>Like one, it's a direct incentive.

0:41:10.960 --> 0:41:13.719
<v Speaker 5>It's a direct like you literally get money basically that

0:41:13.800 --> 0:41:16.239
<v Speaker 5>you could you could sell, or you could do anything with.

0:41:17.200 --> 0:41:21.279
<v Speaker 5>So it's already like a very small form of It's

0:41:21.280 --> 0:41:23.520
<v Speaker 5>not basic because there's not enough money, but it's a

0:41:23.680 --> 0:41:26.360
<v Speaker 5>small form of UBI in some sense, I think that

0:41:26.400 --> 0:41:28.239
<v Speaker 5>will motivate a lot of people. And we already see

0:41:28.280 --> 0:41:31.160
<v Speaker 5>it's like moving a lot of people to like we

0:41:31.200 --> 0:41:34.680
<v Speaker 5>have the crazy Like literally right now is the craziest

0:41:34.680 --> 0:41:38.080
<v Speaker 5>time for me running this project because it's blowing up,

0:41:38.160 --> 0:41:42.440
<v Speaker 5>like all the dashboards completely go vertical, and we have

0:41:42.520 --> 0:41:46.360
<v Speaker 5>like people flying from Japan to Portugal to sign up

0:41:46.400 --> 0:41:50.600
<v Speaker 5>and whatever, like it's pretty really, it's pretty crazy. So

0:41:50.680 --> 0:41:56.280
<v Speaker 5>that certainly does something that's one too is of course integrations.

0:41:57.120 --> 0:42:01.719
<v Speaker 5>So making sure that kind of large technology companies or

0:42:02.719 --> 0:42:08.200
<v Speaker 5>services actually integrate with world ID. That's gonna I mean,

0:42:08.200 --> 0:42:09.839
<v Speaker 5>it's gonna take a while. Because you have a chicken

0:42:09.920 --> 0:42:12.080
<v Speaker 5>egg problem. You need a lot of users for that

0:42:12.160 --> 0:42:14.920
<v Speaker 5>to be interesting too, products and.

0:42:14.719 --> 0:42:16.319
<v Speaker 4>So and so forth. There just like a little bit

0:42:16.360 --> 0:42:18.880
<v Speaker 4>of a balancing act. I'm sure it's going to happen.

0:42:20.440 --> 0:42:22.560
<v Speaker 5>And once that is the case, once you have like

0:42:22.640 --> 0:42:28.040
<v Speaker 5>major integrations, then kind of an actual flywheel is starting

0:42:28.160 --> 0:42:30.480
<v Speaker 5>because as a user you will be able to use

0:42:30.480 --> 0:42:32.160
<v Speaker 5>a lot of services that you're just not able to

0:42:32.239 --> 0:42:34.480
<v Speaker 5>use without it. And so that's kind of that's the

0:42:34.600 --> 0:42:35.920
<v Speaker 5>that's the short of it. And I have a lot

0:42:36.200 --> 0:42:40.359
<v Speaker 5>more specific specific answers are much more localized as well.

0:42:40.440 --> 0:42:43.839
<v Speaker 5>So for example, we are in Bonos Aires and so

0:42:43.840 --> 0:42:49.400
<v Speaker 5>we will work on local integrations in Argentina. So it

0:42:49.440 --> 0:42:52.719
<v Speaker 5>will not start with Twitter or Meta. It will start

0:42:52.760 --> 0:42:58.520
<v Speaker 5>with like very localized applications. But yeah, that's where it goes.

0:43:00.160 --> 0:43:03.000
<v Speaker 1>Since this is odd lots, I have a really quick question.

0:43:03.120 --> 0:43:05.400
<v Speaker 1>You know, you built this I'm going to pick it

0:43:05.480 --> 0:43:07.000
<v Speaker 1>up again because it's really kind of fun the whole

0:43:07.239 --> 0:43:09.279
<v Speaker 1>or you built this piece of hardware, Yeah, this ORB.

0:43:09.800 --> 0:43:12.640
<v Speaker 1>Do you have any supply interesting supply chain issues in

0:43:12.719 --> 0:43:16.000
<v Speaker 1>terms of the optics, so the semiconductors or I mean

0:43:16.040 --> 0:43:18.160
<v Speaker 1>it's a and how much does a right now cost

0:43:18.160 --> 0:43:18.799
<v Speaker 1>to build an ORB?

0:43:21.800 --> 0:43:26.280
<v Speaker 5>So we had especially during COVID, we had crazy supply

0:43:26.440 --> 0:43:30.640
<v Speaker 5>chain crunches. So it's like generally, like Elon talked a

0:43:30.680 --> 0:43:33.640
<v Speaker 5>lot about this in the earlier days, but I definitely

0:43:33.680 --> 0:43:36.160
<v Speaker 5>also ran into this. It's like you have a perfect

0:43:36.280 --> 0:43:39.960
<v Speaker 5>running prototype and then it just feels trivial to produce

0:43:40.000 --> 0:43:44.960
<v Speaker 5>this thing, but it's just not. It was absolutely terrific,

0:43:45.160 --> 0:43:46.839
<v Speaker 5>Like we had this, We had this prototype, and then

0:43:46.840 --> 0:43:49.320
<v Speaker 5>building up a production line and really being able to

0:43:49.360 --> 0:43:51.640
<v Speaker 5>produce like thousands of them. It was a completely different

0:43:51.680 --> 0:43:53.719
<v Speaker 5>challenge that it almost took like a year or two

0:43:53.960 --> 0:43:57.600
<v Speaker 5>to complete. Doctors locked us in and then within COVID

0:43:57.600 --> 0:44:02.480
<v Speaker 5>we had crazy supply chain issues, but it's now mostly gone.

0:44:02.680 --> 0:44:05.719
<v Speaker 5>The kind of the industry has completely recovered.

0:44:06.000 --> 0:44:08.279
<v Speaker 2>What was the hardest component to get.

0:44:11.960 --> 0:44:15.880
<v Speaker 4>Oh, when it was it was death by a thousand cuts.

0:44:16.239 --> 0:44:24.040
<v Speaker 5>It was everything from the computing unit to random capacitors,

0:44:24.400 --> 0:44:29.239
<v Speaker 5>weird ones that we use. We have like that the

0:44:29.320 --> 0:44:33.200
<v Speaker 5>actual lens right now is single source supplier, which is

0:44:33.239 --> 0:44:37.280
<v Speaker 5>something that obviously has to change. But since we customly

0:44:37.280 --> 0:44:39.120
<v Speaker 5>had to build this lens, there's only one company in

0:44:39.160 --> 0:44:41.920
<v Speaker 5>the world that builds that lens, so that that was

0:44:42.160 --> 0:44:43.640
<v Speaker 5>a really tricky one to kind of ramp it up

0:44:43.680 --> 0:44:46.879
<v Speaker 5>over time. How much does it cost right now? Right

0:44:46.920 --> 0:44:52.040
<v Speaker 5>now is still We're still pretty expensive. But honestly, it

0:44:52.080 --> 0:44:55.920
<v Speaker 5>doesn't really matter because so right now it's like four thousand,

0:44:56.280 --> 0:44:58.480
<v Speaker 5>four to five thousand dollars depending on the exact patch,

0:44:59.080 --> 0:45:01.440
<v Speaker 5>it's coming down to be around one thousand, five hundred

0:45:01.440 --> 0:45:04.120
<v Speaker 5>dollars at mass manufacturing, and I think in a couple

0:45:04.160 --> 0:45:06.600
<v Speaker 5>of years it's going to be below five hundred dollars.

0:45:06.760 --> 0:45:09.319
<v Speaker 1>We got to put the THOT to put the ORB

0:45:09.400 --> 0:45:12.000
<v Speaker 1>into the FEDS inflation basket. We're getting so much better

0:45:12.040 --> 0:45:14.520
<v Speaker 1>at producing eyeball scanning orbs.

0:45:15.040 --> 0:45:19.520
<v Speaker 2>Yes, yes, healthcare and medical care massively inflated, but we

0:45:19.560 --> 0:45:22.919
<v Speaker 2>can all scan our eyeballs cheaper and cheaper excellent.

0:45:23.320 --> 0:45:26.440
<v Speaker 1>Alex Bonya, this was such a fascinating conversation. It's like,

0:45:26.480 --> 0:45:28.640
<v Speaker 1>I mean, there's like a million more things I could

0:45:28.719 --> 0:45:30.279
<v Speaker 1>want to ask, and maybe we'll have you back in

0:45:30.280 --> 0:45:32.799
<v Speaker 1>a year and then in two years when we're all

0:45:32.920 --> 0:45:35.279
<v Speaker 1>on UBI because we've been put out of work by

0:45:35.360 --> 0:45:38.319
<v Speaker 1>AI and so, you know, whatever it is. But this

0:45:38.440 --> 0:45:40.680
<v Speaker 1>was this was far and away our most sort of

0:45:40.719 --> 0:45:45.360
<v Speaker 1>like futuristic sci fi ish conversation we've ever had not

0:45:45.480 --> 0:45:47.800
<v Speaker 1>something I would have ever contemplated in the past. So

0:45:47.920 --> 0:45:50.400
<v Speaker 1>thank you so much for coming on outbox amazing.

0:45:50.440 --> 0:45:53.319
<v Speaker 4>I take that as a compliment. Thanks for absolutely question.

0:45:53.719 --> 0:46:08.560
<v Speaker 3>Yeah, that was really interesting, Tracy.

0:46:08.600 --> 0:46:09.880
<v Speaker 1>Are you are you going to get scanned?

0:46:11.600 --> 0:46:11.920
<v Speaker 3>You know what?

0:46:11.960 --> 0:46:13.960
<v Speaker 2>I think I'm gonna wait a little bit until there's

0:46:13.960 --> 0:46:17.520
<v Speaker 2>some visible upside for me, which which is kind of

0:46:17.560 --> 0:46:19.799
<v Speaker 2>that last question that I asked Alex, which you know,

0:46:19.920 --> 0:46:25.280
<v Speaker 2>I am reasonably I understand the use case of having

0:46:25.400 --> 0:46:29.520
<v Speaker 2>some sort of like wallet or portable identification that you

0:46:29.560 --> 0:46:33.920
<v Speaker 2>can take with you across the internet and like various outlets.

0:46:33.960 --> 0:46:35.399
<v Speaker 2>That kind of makes sense to me, and I think

0:46:35.400 --> 0:46:39.840
<v Speaker 2>we've spoken about that use case before. However, at this

0:46:39.960 --> 0:46:43.520
<v Speaker 2>point in time, I don't see a lot of upside.

0:46:43.760 --> 0:46:46.000
<v Speaker 2>Uh you know, maybe it would be easier to file

0:46:46.120 --> 0:46:49.840
<v Speaker 2>some claims against Twitter for like yeah, bought copycats, but

0:46:50.200 --> 0:46:50.839
<v Speaker 2>it's not much.

0:46:51.000 --> 0:46:53.600
<v Speaker 1>Yeah, but and to your point though, like or and

0:46:53.640 --> 0:46:57.840
<v Speaker 1>really or sorry to Alex's point, like, so it's on Twitter,

0:46:58.040 --> 0:47:00.279
<v Speaker 1>like do they want to integrate the world coin? Yeah,

0:47:00.480 --> 0:47:03.720
<v Speaker 1>which I don't actually get the impression that, Like I'm

0:47:03.840 --> 0:47:06.319
<v Speaker 1>it doesn't seem like any of the big networks like

0:47:06.360 --> 0:47:08.920
<v Speaker 1>are anywhere, like that's on the roadmap of anyone, right.

0:47:09.000 --> 0:47:12.320
<v Speaker 2>Well, this is the other thing I'm thinking about, is, uh,

0:47:12.360 --> 0:47:15.319
<v Speaker 2>you know, part of the world coin use case is

0:47:15.360 --> 0:47:19.840
<v Speaker 2>this decentralization aspect of it. But what we've seen time

0:47:19.880 --> 0:47:24.319
<v Speaker 2>and time again throughout history is that the world tends

0:47:24.440 --> 0:47:28.759
<v Speaker 2>towards middlemen and verification of some sort. So I can

0:47:28.800 --> 0:47:31.800
<v Speaker 2>imagine a future where maybe you do get your eyeball scanned,

0:47:32.040 --> 0:47:35.960
<v Speaker 2>but maybe it's not by world coin or decentralized entity.

0:47:36.160 --> 0:47:40.000
<v Speaker 2>Maybe it's Twitter itself, and they this is even more discian,

0:47:40.120 --> 0:47:42.640
<v Speaker 2>you know, like Twitter keeps its own database of your eyeballs.

0:47:42.640 --> 0:47:44.440
<v Speaker 1>Well that's the thing, like I used clear, you know,

0:47:44.560 --> 0:47:46.600
<v Speaker 1>like I already like scanned my ball at the airport,

0:47:46.680 --> 0:47:49.560
<v Speaker 1>and it's like one hundred dollars. That's a centralized database.

0:47:49.600 --> 0:47:52.000
<v Speaker 1>I save a few minutes. It's like I've already I

0:47:52.080 --> 0:47:55.040
<v Speaker 1>could when it comes to privacy, I've already like basically

0:47:55.200 --> 0:47:56.960
<v Speaker 1>given up. I've already given it all up to save

0:47:57.000 --> 0:48:00.600
<v Speaker 1>about five minutes in the airline. So I guess I've like, yeah,

0:48:00.680 --> 0:48:04.680
<v Speaker 1>you know, I'll get scanned, why not. But I'm skeptical,

0:48:04.719 --> 0:48:07.080
<v Speaker 1>you know, actually, honestly, it's not even like the privacy

0:48:07.200 --> 0:48:10.920
<v Speaker 1>or anything like that, or like the dystopian scenarios so

0:48:11.040 --> 0:48:14.480
<v Speaker 1>much as like, I don't really want a scenario in

0:48:14.560 --> 0:48:17.239
<v Speaker 1>which like computers put us all out of jobs and

0:48:17.280 --> 0:48:19.239
<v Speaker 1>we need the UBI, and I think we didn't really

0:48:19.280 --> 0:48:22.560
<v Speaker 1>get into like this scenario in the future, Like where

0:48:22.560 --> 0:48:25.719
<v Speaker 1>will the political impulse from UBI come from. It'll come

0:48:25.760 --> 0:48:29.200
<v Speaker 1>from in an economy that's so lopsided in who reaps

0:48:29.239 --> 0:48:31.239
<v Speaker 1>the benefits of AI that we like have to have

0:48:31.320 --> 0:48:34.080
<v Speaker 1>it for political stability, which is that's like the scenario

0:48:34.120 --> 0:48:35.880
<v Speaker 1>that like freaks me out more than anything.

0:48:35.719 --> 0:48:38.799
<v Speaker 2>Right in the future where you really need world coin,

0:48:39.120 --> 0:48:41.680
<v Speaker 2>Like the most insidious thing is that you need it

0:48:41.719 --> 0:48:42.920
<v Speaker 2>because no one has jobs.

0:48:43.040 --> 0:48:45.479
<v Speaker 1>That's right, right, Like more than anything else, the scan

0:48:45.760 --> 0:48:48.600
<v Speaker 1>or whatever, it's this scenario in which, oh, I need

0:48:48.600 --> 0:48:50.840
<v Speaker 1>to get my UBI from like somewhere, and like they

0:48:50.840 --> 0:48:53.719
<v Speaker 1>attack sam Altman so that we can all Like that's

0:48:53.760 --> 0:48:56.160
<v Speaker 1>like the part more than the SCAN or the privacy

0:48:56.320 --> 0:48:58.440
<v Speaker 1>or the you know, the digging up the dead that

0:48:58.480 --> 0:48:59.160
<v Speaker 1>freaks me out.

0:48:59.280 --> 0:49:01.960
<v Speaker 2>Yeah, I'm telling you a great business model create the

0:49:02.000 --> 0:49:04.920
<v Speaker 2>problem and the solution. On that happy note, shall we

0:49:04.960 --> 0:49:05.279
<v Speaker 2>leave it there.

0:49:05.360 --> 0:49:06.680
<v Speaker 1>Let's leave it there, all right.

0:49:06.600 --> 0:49:09.360
<v Speaker 2>This has been another episode of the All Thoughts podcast.

0:49:09.400 --> 0:49:11.879
<v Speaker 2>I'm Tracy Alloway. You can follow me on Twitter at

0:49:11.920 --> 0:49:12.640
<v Speaker 2>Tracy Alloway.

0:49:12.760 --> 0:49:15.480
<v Speaker 1>And I'm Joe Wisenthal. You can follow me on Twitter

0:49:15.560 --> 0:49:19.280
<v Speaker 1>at the Stalwart. Follow our guest Alex Blanya, as he said,

0:49:19.360 --> 0:49:21.160
<v Speaker 1>if he might just tweet it out, he might just

0:49:21.200 --> 0:49:23.000
<v Speaker 1>tweet out the answer to all of these things. He's

0:49:23.080 --> 0:49:27.240
<v Speaker 1>at Alex Blana. And follow our producers on Twitter Carmen

0:49:27.320 --> 0:49:31.359
<v Speaker 1>Rodriguez at Carmen Arman and dash Ol Bennett at dashbot.

0:49:31.520 --> 0:49:34.080
<v Speaker 1>And follow all of the Bloomberg podcasts onto the handle

0:49:34.200 --> 0:49:38.040
<v Speaker 1>at podcasts and for more Oddlots content, go to Bloomberg

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<v Speaker 1>dot com slash Oddlots, where we have a blog, we

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<v Speaker 1>have a transcript and a newsletter that comes out every Friday.

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<v Speaker 1>And check out our discord. It's super fun people chatting

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<v Speaker 1>about odd loot stuff with other listeners twenty four to seven.

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<v Speaker 1>Go to discord dot gg slash odlogs.

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<v Speaker 2>Yeah, the discord is very fun. You should also stream

0:49:56.880 --> 0:50:01.799
<v Speaker 2>Bloomberg originals on Apple TV, Samsung Roku. Tune in at

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<v Speaker 2>ten pm