WEBVTT - Roe v. Wade and Solana's New Web3 Phone 0:00:02.240 --> 0:00:05.600 From the heart of where innovation, money and power collive 0:00:06.360 --> 0:00:10.880 in Silicon Valley and beyond. This is Bloomberg Technology with 0:00:10.920 --> 0:00:27.640 Emily jun Emily checking San Francisco, and this is Bloomberg 0:00:27.680 --> 0:00:31.760 Technology coming up in the next hour to day. The 0:00:31.800 --> 0:00:36.440 Supreme Court the United States expressly took away a conscious 0:00:36.720 --> 0:00:40.839 right from the American people that it had already recognized. 0:00:42.120 --> 0:00:48.600 They didn't limit it, they simply took it away. President Biden, 0:00:48.600 --> 0:00:52.479 reacting to an unprecedented moment in American history the Supreme 0:00:52.520 --> 0:00:57.880 Court's decision to overturn Row versus Wade, protests erupting outside 0:00:57.880 --> 0:00:59.760 the High Court as women respond to the news and 0:00:59.800 --> 0:01:04.000 come panties are responding to we'll discuss Plus, the co 0:01:04.120 --> 0:01:07.160 founder of the Buzzy blockchain developers a lot of Labs 0:01:07.240 --> 0:01:09.440 is out with a new crypto cell phone. We'll ask 0:01:09.520 --> 0:01:14.080 him why he's dialing into the world of mobile and 0:01:14.319 --> 0:01:16.560 n f T n YC comes to a clothe We'll 0:01:16.560 --> 0:01:17.880 take a look at the future of n f T 0:01:18.040 --> 0:01:21.320 s As trading slows down, yet n f T companies 0:01:21.360 --> 0:01:25.280 are raking in more funding and more celebrities are jumping 0:01:25.319 --> 0:01:28.399 on the bandwagon. Where's it going? We'll discuss all that 0:01:28.480 --> 0:01:31.000 and more later this hour, but first I want to 0:01:31.000 --> 0:01:33.000 get a look at the markets with Bloomberg's Katie Grydfeld 0:01:33.040 --> 0:01:37.080 and Katie. Despite what's going on in Washington, stocks rebounding 0:01:37.160 --> 0:01:39.560 for their best week in a month. Absolutely, Emily, it 0:01:39.640 --> 0:01:42.840 was a big textbook risk on rally today. Look at 0:01:42.840 --> 0:01:46.000 the SMP five hundred finishing the day over three percent higher. 0:01:46.040 --> 0:01:48.559 A lot of that buying came into the closed tech 0:01:48.680 --> 0:01:51.840 performing even better than NAZAC one hundred, finishing about three 0:01:51.840 --> 0:01:54.720 and a half percent higher on the day. And of course, 0:01:54.920 --> 0:01:58.920 as UH stocks rally, you also saw a bitcoin rally 0:01:59.040 --> 0:02:03.040 as well, bit and actually breaking above remember it had 0:02:03.080 --> 0:02:06.360 been glued to about twenty per coin, finally getting above it. 0:02:06.440 --> 0:02:09.919 All this coming again as yields rose. Textbook rally. But 0:02:09.960 --> 0:02:13.040 let's all get what that meant for the volatility index 0:02:13.160 --> 0:02:15.679 the VIX, if you will, you can see that sort 0:02:15.680 --> 0:02:18.800 of continues to breathe a sigh of relief. Edging down, 0:02:19.120 --> 0:02:21.960 it's still above it's one year average as you can 0:02:21.960 --> 0:02:24.799 see on the chart, but still volatility markets breathing a 0:02:24.880 --> 0:02:27.919 sigh of relief as we finally see risk assets catch 0:02:28.000 --> 0:02:29.800 a bid this week and one of the sucks that 0:02:29.880 --> 0:02:32.440 stuck out to me was Twitter. Actually, it was up 0:02:32.440 --> 0:02:35.400 for its first week in four rallying about five and 0:02:35.400 --> 0:02:38.280 a half percent over the past week. A lot of 0:02:38.280 --> 0:02:41.160 those games came today, even you had an insider report 0:02:41.440 --> 0:02:44.600 that Twitter it's agreed to give Elon Musk more real 0:02:44.680 --> 0:02:48.080 time data, more user data. So maybe Emily, this deal 0:02:48.080 --> 0:02:51.680 will finally go through one day. All right, we shall see. 0:02:51.760 --> 0:02:54.399 Not going to predict anything on that front, Okay, Bloomberg, 0:02:54.440 --> 0:02:58.400 Katie Griffeld, thank you. Meantime, a historic day in Washington, 0:02:58.560 --> 0:03:02.480 the Supreme Court striking down constitutional right to an abortion. 0:03:02.800 --> 0:03:05.040 For more on this decision, how we got here and 0:03:05.120 --> 0:03:07.280 what happens next, I'm joined by Blue Brooks Greg Store, 0:03:07.280 --> 0:03:10.320 who covers the Supreme Court for US. So, Greg, we 0:03:10.360 --> 0:03:12.239 had a feeling this was coming, baked on the leaf 0:03:12.400 --> 0:03:15.079 leak draft opinion from a few months ago. But talk 0:03:15.200 --> 0:03:17.600 to us about how we got here and what has 0:03:17.680 --> 0:03:20.840 actually changed from this moment forward when it comes to 0:03:20.880 --> 0:03:24.960 women's access to abortion. Well, how we got here was 0:03:25.040 --> 0:03:28.760 in large part through three nominees by President Donald Trump, 0:03:29.320 --> 0:03:32.600 two of whom significantly shifted the court to the right 0:03:32.960 --> 0:03:35.440 compared with what it was with their predecessors, and of 0:03:35.480 --> 0:03:39.400 course to those all vacancies happened in an election year 0:03:39.440 --> 0:03:42.000 and Republicans were able to fill them. Both those three 0:03:42.040 --> 0:03:46.839 justices were in the majority today, they tipped the balance. Uh. 0:03:46.880 --> 0:03:49.080 They are the ones that have made this a much 0:03:49.120 --> 0:03:53.080 more conservative court than we had seen previously. Uh. One 0:03:53.120 --> 0:03:55.680 of them, Brett Havanaugh, did put some limits on today's 0:03:55.720 --> 0:03:58.440 decision and a concurring opinion. We can talk about some 0:03:58.560 --> 0:04:02.040 of those, but but really this is a victory for 0:04:02.120 --> 0:04:05.320 those who supported the Trump nominees and wanted them to 0:04:05.360 --> 0:04:08.640 transform the Supreme Court. There is some fine print here, 0:04:08.680 --> 0:04:11.560 as you mentioned, with Justice Kavanaugh and Justice Roberts talked 0:04:11.560 --> 0:04:14.440 to us about what we see in that fine print. Yeah. 0:04:14.480 --> 0:04:17.040 So Chief Justice Roberts did not join the majority in 0:04:17.080 --> 0:04:20.400 saying he would overturn Roge weight. He would have. Uh. 0:04:20.440 --> 0:04:23.480 He agreed with the decision to uphold the Mississippi fifteen 0:04:23.520 --> 0:04:25.719 week band, but he said the Court didn't need to 0:04:25.720 --> 0:04:29.039 go beyond that. In this case, Justice Kavanaugh did vote 0:04:29.080 --> 0:04:32.320 over turned Row, but he added a concurring opinion that 0:04:33.360 --> 0:04:35.400 laid out a few areas where he didn't think the 0:04:35.400 --> 0:04:38.880 Court needed to go or shouldn't go. Among them. He 0:04:38.960 --> 0:04:41.640 said that, uh, if a state were to try to 0:04:41.760 --> 0:04:46.800 ban somebody from traveling to a state that allows abortion. Uh. 0:04:47.160 --> 0:04:50.279 Justice Kavanaugh said that, in his view, would be unconstitutional, 0:04:50.360 --> 0:04:53.680 and since he's really the fifth vote here, that would 0:04:53.680 --> 0:04:55.960 mean that the Supreme Court would not uphold that sort 0:04:55.960 --> 0:04:58.880 of travel band. He also included some language suggesting that 0:04:58.920 --> 0:05:01.240 he felt pretty strongly the Court was not deciding other 0:05:01.320 --> 0:05:04.600 things like whether same the same sex marriage ruling from 0:05:04.600 --> 0:05:08.080 a few years ago was still good law. How have 0:05:08.200 --> 0:05:11.599 the states been reacting to the ruling? I mean, are 0:05:11.640 --> 0:05:14.320 are you know? You know, as as we understand it, 0:05:14.400 --> 0:05:17.400 this could lead to abortion becoming illegal in half of 0:05:17.520 --> 0:05:21.039 US states? How quickly will that happen? As some of 0:05:21.040 --> 0:05:24.440 those very quickly. Some states have already announced abortion is 0:05:24.440 --> 0:05:27.680 is now illegal. Um. You know, thirteen states had the 0:05:27.760 --> 0:05:30.880 so called trigger laws that were designed to take effect 0:05:31.160 --> 0:05:33.599 as soon as the Court said Rose overturned, which it 0:05:33.640 --> 0:05:36.080 did do today. There's some other states that had pre 0:05:36.160 --> 0:05:38.960 existing bands, and there might still be some litigation as 0:05:38.960 --> 0:05:43.960 to whether those pre existing bands are are can be enforced. 0:05:44.400 --> 0:05:48.560 But those twenty six or so states, uh, in pretty 0:05:48.600 --> 0:05:52.800 short order, folks are expecting them to largely ban abortion. 0:05:53.920 --> 0:05:56.680 Al right, Greg, store much to continue to cover here 0:05:56.839 --> 0:06:00.000 in Washington Forest. Thank you, Greg. Now, we've seen new 0:06:00.000 --> 0:06:02.360 Worris companies, including some of the biggest names in tech, 0:06:02.520 --> 0:06:05.760 react to this Supreme Court ruling by saying they'll provide 0:06:05.760 --> 0:06:09.520 travel benefits for employees to access abortion. But my next guess, 0:06:09.640 --> 0:06:12.119 that's not all tech companies can do to help women 0:06:12.160 --> 0:06:15.960 who want the option to navigate a post row world. 0:06:16.080 --> 0:06:18.440 Joining me now is Rebecca Wexler. She is an assistant 0:06:18.480 --> 0:06:21.760 professor at Law of Law at Berkeley Center for Law 0:06:22.200 --> 0:06:26.159 and Technology. So, first of all, Rebecca, you say that 0:06:26.240 --> 0:06:30.480 big tech companies can take a stand, and not necessarily 0:06:30.520 --> 0:06:34.120 in the way we might think. What can big companies 0:06:34.200 --> 0:06:38.200 do in this debate? Absolutely, well, they have to take 0:06:38.200 --> 0:06:41.120 a stand. There is no neutral position. They haven't either 0:06:41.279 --> 0:06:44.400 or choice. They can either protect pregnant people who are 0:06:44.440 --> 0:06:48.320 seeking medical care, or they can help anti abortion prosecutions. 0:06:48.760 --> 0:06:50.720 And there's a couple different ways they can do this. 0:06:51.680 --> 0:06:54.479 What is they have a choice about what kind of 0:06:54.520 --> 0:06:59.000 information they will aid in disseminating to people who are 0:06:59.120 --> 0:07:02.520 pregnant and seek access to medical care. So, how do 0:07:02.560 --> 0:07:06.320 you access medication abortion? How do you access abortion clinics 0:07:06.360 --> 0:07:10.680 across state lines that remain open and functioning. Tech companies 0:07:10.800 --> 0:07:16.600 could choose to uh provide that information, provide free security 0:07:16.680 --> 0:07:20.720 services to websites disseminating that information so they're protected from 0:07:20.800 --> 0:07:25.120 vigilante hackers. Or they could choose to use their content 0:07:25.240 --> 0:07:28.600 moderation policies to shut that information down and censor it 0:07:30.280 --> 0:07:34.680 on the airport of other things that could do as well. Exactly, Well, 0:07:34.800 --> 0:07:39.320 let's talk about it all because you know, a big, something, 0:07:39.440 --> 0:07:42.800 very valuable that big tech companies have is the data. 0:07:43.360 --> 0:07:48.239 And if law enforcement asks for this data, aren't they 0:07:48.280 --> 0:07:53.200 obligated to hand it over by law? Great question. So 0:07:53.280 --> 0:07:56.760 it depends on what law enforcement uses when they ask. 0:07:56.960 --> 0:08:00.720 If law enforcement comes and says pretty please, no, of course, 0:08:00.720 --> 0:08:03.560 they're not required to hand it over. If law enforcement 0:08:03.640 --> 0:08:07.320 comes with a valid warrant, well, then sure a company 0:08:07.360 --> 0:08:11.840 has to comply. But actually, companies are receiving requests for 0:08:11.960 --> 0:08:14.880 data from law enforcement all the time. They have representatives 0:08:14.920 --> 0:08:18.720 that engage in negotiations around those requests, and they can 0:08:18.800 --> 0:08:24.800 choose to be more stringent, a less helpful shall I 0:08:24.840 --> 0:08:29.440 say less providing efficient data distribution to law enforcement. They 0:08:29.440 --> 0:08:33.080 can challenge the scope of even a lawful warrant. There's 0:08:33.120 --> 0:08:36.640 something called emotion to quash. I really love the word quash. 0:08:36.679 --> 0:08:39.120 But Facebook or Meta has done this in the past 0:08:39.200 --> 0:08:42.160 with warrants, taking them to court to say this is overbroad, 0:08:42.240 --> 0:08:46.480 it's a phishing expedition, it's not sufficiently particular. Um and 0:08:46.520 --> 0:08:50.040 the tech companies know generally which laws are claimed to 0:08:50.080 --> 0:08:52.640 be violated when they receive a warrant. So one of 0:08:52.679 --> 0:08:55.240 the things they could do, even in that extreme where 0:08:55.480 --> 0:08:59.640 police are coming with where anti abortion prosecutors are coming 0:08:59.679 --> 0:09:03.640 with valid legal process, the company can also push back 0:09:04.040 --> 0:09:07.559 and assert rights to challenge that process in court. They 0:09:07.559 --> 0:09:11.960 couldn't additionally notify the people whose information is being sought, 0:09:12.040 --> 0:09:15.080 so long as that's not prohibited by the warrant, And 0:09:15.240 --> 0:09:17.760 they could do things before they get to the warrant 0:09:17.800 --> 0:09:21.840 stage that would protect all this data that we're generating 0:09:21.880 --> 0:09:27.240 all the time from being used in anti abortion prosecutions. 0:09:27.280 --> 0:09:30.840 So having end to end encryption for all your communications 0:09:30.880 --> 0:09:34.920 by default, giving warnings to users to say, if you 0:09:35.040 --> 0:09:38.400 choose this communication channel, your data is going to be 0:09:38.440 --> 0:09:42.840 subject to law enforcement surveillance. Storing data locally on users 0:09:42.880 --> 0:09:47.120 devices instead of in the cloud, purging data giving users 0:09:47.200 --> 0:09:53.840 the right to delete data remotely, foregoing using complications analytic 0:09:53.920 --> 0:09:58.720 systems to predict people's early pregnancies and abortions, um, all 0:09:58.760 --> 0:10:01.319 of these things they could be doing. They could say, 0:10:01.440 --> 0:10:05.280 we're not going to store location tracking data for people 0:10:05.400 --> 0:10:12.480 that are traveling near abortion clinics, so there is no 0:10:12.600 --> 0:10:16.280 neutral position. If they collect this data, they store it, 0:10:16.720 --> 0:10:19.800 they make it easy for law enforcement to access. That's 0:10:19.800 --> 0:10:23.280 a choice they're aiding anti abortion prosecutions. Interesting what we 0:10:23.360 --> 0:10:27.440 have heard from some prominent women in technology so far 0:10:27.480 --> 0:10:30.160 today This from Melinda Gates. Today, a government in which 0:10:30.160 --> 0:10:33.360 women have never had an equal voice reached deep into 0:10:33.360 --> 0:10:35.880 the most private corners of a woman's life to tell 0:10:35.920 --> 0:10:38.400 her the choice over what she does with her body 0:10:38.480 --> 0:10:42.040 is no longer her own. This is America taking a step, 0:10:42.320 --> 0:10:46.560 a big step backward. And this from Cheryl Samberg, the 0:10:46.559 --> 0:10:49.520 Supreme Court's ruling jeopardizes the health and lives of millions 0:10:49.559 --> 0:10:51.680 of girls and women across the country. It threatens to 0:10:51.760 --> 0:10:55.240 undo the progress women have made in the workplace and 0:10:55.360 --> 0:10:59.720 strip women of economic power. She also points out that 0:10:59.760 --> 0:11:04.040 this impact women the most with the fewest resources. Now, 0:11:04.040 --> 0:11:06.120 it's one thing for Cheryl Sandberg who's the CEO of 0:11:06.160 --> 0:11:09.560 Meta and yes, she's leaving in September to say this, 0:11:09.760 --> 0:11:13.760 it's another for Meta the company to take a stand. 0:11:14.280 --> 0:11:18.240 What more specifically could a company like Meta, which has 0:11:18.480 --> 0:11:21.400 all of this information about what users are talking about 0:11:21.440 --> 0:11:24.520 to each other in private messages? Um? One more could 0:11:24.520 --> 0:11:28.160 a company like Meta specifically do in this instance to 0:11:28.280 --> 0:11:30.559 take a stand? And what are they actually likely to do? 0:11:30.640 --> 0:11:35.640 Given that these companies the data is their business model, Well, 0:11:35.679 --> 0:11:38.480 they absolutely could take a stand to say that data 0:11:38.559 --> 0:11:43.000 that would subject people to criminal prosecution for abortions is 0:11:43.040 --> 0:11:46.560 going to be treated differently. They have enough data on 0:11:46.640 --> 0:11:50.160 all of us to serve their business model. They don't 0:11:50.240 --> 0:11:54.120 need data about people's private health choices in order to 0:11:54.200 --> 0:11:58.040 make money. So they could cord it off data that 0:11:58.160 --> 0:12:01.280 is going to make people vulnerable to criminal prosecutions and 0:12:01.320 --> 0:12:04.120 say we're going to protect that, we're going to treat 0:12:04.160 --> 0:12:06.599 it differently, we're going to purge it, we're going to 0:12:06.800 --> 0:12:10.600 fight when law enforcement comes to access it. They could 0:12:10.720 --> 0:12:17.280 provide those privacy protections and use their power to reclaim 0:12:17.480 --> 0:12:20.959 some of the privacy from government intrusion that Rowe once 0:12:20.960 --> 0:12:24.800 guaranteed and the court just eviscerated. Do you see a 0:12:24.840 --> 0:12:29.920 wave of warrants, a wave of of lawsuits and demands 0:12:29.960 --> 0:12:33.440 for for this kind of information, from law enforcement, to 0:12:33.880 --> 0:12:39.880 tech companies to startups. Absolutely, the data that we are 0:12:39.960 --> 0:12:42.920 generating in our everyday lives is already being used in 0:12:42.960 --> 0:12:47.040 criminal prosecutions. Fitted data has been used in murder prosecutions. 0:12:47.760 --> 0:12:54.720 People's unencrypted text messages, web search histories, UM chat messages 0:12:55.000 --> 0:12:59.520 have already been used to charge one woman who miscarried 0:12:59.559 --> 0:13:04.440 with feet side and another with murder. So the location data, 0:13:05.720 --> 0:13:12.200 the web search histories, your emails, your communications, your associations, 0:13:12.240 --> 0:13:15.320 all of those are data that law enforcement ken and 0:13:15.480 --> 0:13:20.040 does use and will pursue. This conversation has focused a 0:13:20.080 --> 0:13:23.920 lot on period tracking apps, which is a hugely important issue. 0:13:24.320 --> 0:13:28.920 How are those apps that serve reproductive choice needs going 0:13:29.000 --> 0:13:32.800 to protect people, protect their users? But in fact, it's 0:13:32.880 --> 0:13:35.880 all this other kind of data that will also leave 0:13:35.920 --> 0:13:41.720 people vulnerable UM heartbeat, uh, sleep cycle data. Any any 0:13:41.800 --> 0:13:45.400 of this information can be used as evidence in court 0:13:45.480 --> 0:13:51.040 to convict people of crimes. Interesting alright, Rebecca Wexler, Assistant 0:13:51.040 --> 0:13:54.600 Professor of Law at Berkeley. Professor Wexler, thank you for 0:13:54.679 --> 0:13:57.079 joining us as we were talking about a headline from 0:13:57.120 --> 0:14:00.079 The Washington Post that Google workers can now app I 0:14:01.000 --> 0:14:06.319 to relocate in the aftermath of this decision to overturn 0:14:06.640 --> 0:14:09.880 Row versus Wade that coming from the chief people officer 0:14:10.559 --> 0:14:14.520 at Google, two employees, um will continue to cover more 0:14:14.559 --> 0:14:17.440 headlines as we get them. More still to come. MS 0:14:32.720 --> 0:14:35.080 shares of Twitter rose and the week this after Twitter 0:14:35.120 --> 0:14:38.320 said it sent war user data to Elon Musk, including 0:14:38.760 --> 0:14:41.200 real time information which could allow the Musque team to 0:14:41.240 --> 0:14:44.320 determine how many users are actually bought, which, of course 0:14:44.400 --> 0:14:47.720 Musk has been complaining about. Last week, Musk lawyers sent 0:14:47.800 --> 0:14:51.720 Twitter a letter complaining the data wasn't enough that they 0:14:51.720 --> 0:14:56.200 had sent previously. And hackers have stolen a hundred million 0:14:56.240 --> 0:14:59.120 dollars in an attack on a cryptocurrency bridge, an app 0:14:59.200 --> 0:15:03.040 that lets people s coins between blockchains. Harmony says it's 0:15:03.080 --> 0:15:06.080 working with national authorities and friends especialists who identify the 0:15:06.120 --> 0:15:09.440 hackers and get the money back. So called crypto bridges 0:15:09.640 --> 0:15:22.880 have been seen as particularly vulnerable two hacks, the saga begins. 0:15:23.200 --> 0:15:27.000 That is how Salana is building its newest venture, mobile phones. 0:15:27.440 --> 0:15:30.880 The blockchain is unveiling a cryptophone for Android called Saga, 0:15:30.960 --> 0:15:33.880 along with the Salana Mobile Stack and open source software 0:15:33.880 --> 0:15:37.440 toolkit also for Android. Joining me now, Salana Labs co 0:15:37.480 --> 0:15:40.240 founder on a totally yako venko on a totally thank 0:15:40.280 --> 0:15:43.200 you so much for joining us. So how does launching 0:15:43.240 --> 0:15:48.280 a mobile phone fit into Salona's broader ambition of being 0:15:48.400 --> 0:15:52.880 a pivotal key n f T blockchain. Um, I mean, 0:15:52.880 --> 0:15:54.720 thank you for having me. First of all, it's awesome 0:15:54.760 --> 0:15:58.720 to be here. Um So, phones are everyday device that 0:15:58.800 --> 0:16:00.960 you use. You know, every everybody has one. You probably 0:16:00.960 --> 0:16:03.160 spend more time on your phone than on anything else. 0:16:03.960 --> 0:16:08.000 And the most important part of crypto and these networks 0:16:08.080 --> 0:16:11.200 is self custody. And it's a really complicated piece because 0:16:11.240 --> 0:16:14.520 it involves cryptography, so not a lot of people understand it. 0:16:14.640 --> 0:16:17.600 Not a lot of people actually use, you know, while 0:16:17.640 --> 0:16:20.240 it's like phantom like meta mask around the world. And 0:16:20.280 --> 0:16:22.320 the goal of the phone is to make that experience 0:16:22.360 --> 0:16:25.440 delightful and easy and simple and have the you know, 0:16:25.560 --> 0:16:28.640 the user experience of like Google Pay or something like that. 0:16:29.720 --> 0:16:32.200 You actually had a career in mobile back at Qualcom. 0:16:32.240 --> 0:16:35.720 How long have you been thinking about a crypto mobile phone? Oh? 0:16:35.760 --> 0:16:38.400 I mean as soon as we started working on Salona. 0:16:38.560 --> 0:16:41.600 We kind of felt that, you know, imagine everybody in 0:16:41.600 --> 0:16:44.000 the world using these networks. Of course they're going to 0:16:44.120 --> 0:16:47.840 use them from their phones. And because it involves secrets 0:16:47.840 --> 0:16:50.280 and cryptography, given that it worked a lot on the 0:16:50.560 --> 0:16:52.760 hard row layer of the firmer layer, it's kind of 0:16:52.760 --> 0:16:55.960 obvious to build all of these smarts directly into the 0:16:56.000 --> 0:16:59.120 device itself. So kind of having your hardware wallet be 0:16:59.160 --> 0:17:02.600 your phone just makes a lot of sense. Now, Salana 0:17:02.680 --> 0:17:05.119 has gotten a lot of buzz over the last couple 0:17:05.119 --> 0:17:08.359 of years. More broadly, what is it about Salana that 0:17:08.400 --> 0:17:11.920 you think makes it better than other blockchain? Um, it's 0:17:12.000 --> 0:17:15.720 cheaper and faster, that's about it. And that means developers 0:17:15.720 --> 0:17:18.480 building about three applications can build them for a larger 0:17:18.600 --> 0:17:22.240 number of people, make the more delightful, simpler and easier 0:17:22.240 --> 0:17:26.359 to use, and that is translated into growth everywhere. But like, 0:17:26.400 --> 0:17:29.479 you know, holy moly, n f T s there's fifteen million, 0:17:29.840 --> 0:17:33.000 nearly fifteen million, and f t's minted on Salana. That's 0:17:33.040 --> 0:17:35.840 not something anyone of us expected, but um, it's kind 0:17:35.880 --> 0:17:39.560 of crazy to watch now. Helium has also been trying 0:17:39.560 --> 0:17:43.320 to do something simple similar with wireless for years, but 0:17:43.480 --> 0:17:45.520 you know, they're just now starting a five G pilot. 0:17:45.920 --> 0:17:48.400 They have a deal with Dish. What a Salona think 0:17:48.400 --> 0:17:50.440 it can do better? Here? Are you looking for corporate 0:17:50.520 --> 0:17:53.040 wireless deals along those lines? I mean, I would love 0:17:53.119 --> 0:17:55.439 to take a Helium five G SIM card and plug 0:17:55.440 --> 0:17:59.440 it into Saga. That would be that would be amazing. 0:17:59.520 --> 0:18:02.560 That means this is a cryptophone running on a decentralized 0:18:02.600 --> 0:18:07.680 five gen network. So you know, Salana has been focused 0:18:07.720 --> 0:18:11.359 on more kind of fintech applications, why throw wireless into 0:18:11.359 --> 0:18:15.320 the mix? I think the key part to adoption is 0:18:15.320 --> 0:18:19.120 is making that experience of cryptography simpler for users. It's 0:18:19.160 --> 0:18:21.840 just such a complicated thing. And one of the biggest 0:18:21.920 --> 0:18:25.160 challenges even is even for Web developers like Web three developers, 0:18:25.240 --> 0:18:28.960 they can't build true Web three applications for the big 0:18:29.000 --> 0:18:32.280 app source. So part of the Salani mobile stack is 0:18:32.320 --> 0:18:35.760 a developer friendly app store that doesn't have extractive fees, 0:18:36.000 --> 0:18:38.399 and that's a huge selling point for a lot of doubs. 0:18:39.560 --> 0:18:43.200 Salana has been having issues with congestion. Won't this additionally 0:18:43.280 --> 0:18:47.439 usage make that worse? Um? So, congestion issues that we 0:18:47.480 --> 0:18:50.200 have on the network come from bots, not really from humans, 0:18:50.520 --> 0:18:52.760 and a lot of the performance improvements in one tent 0:18:52.840 --> 0:18:55.439 already showing that a lot of the bugs have been fixed. 0:18:55.720 --> 0:18:57.920 You know, every release just makes the network better and better. 0:18:58.800 --> 0:19:00.560 What else are you doing the fix to fix the 0:19:00.800 --> 0:19:05.159 reliability issues. There's three technologies that are rolling out, so 0:19:05.200 --> 0:19:07.760 they're already implemented in once Out ten and one dot 0:19:07.760 --> 0:19:10.440 ten is already a may not but they're not activated 0:19:10.440 --> 0:19:12.880 by the community yet, and that's going to take then 0:19:12.880 --> 0:19:15.359 over the next several months. And that's quick stakeaway to 0:19:15.440 --> 0:19:19.280 qus and most importantly localized fee markets. So if you 0:19:19.359 --> 0:19:21.920 heard of ethereum and you know how you know there's 0:19:21.920 --> 0:19:24.679 an air drop and all of a sudden transactions costing 0:19:24.680 --> 0:19:28.240 a thousand dollars um. That's something that can be contained 0:19:28.280 --> 0:19:31.840 within an application. So when there's something popular happening in 0:19:31.920 --> 0:19:34.640 one air drop, that doesn't impact Salanta pay for example. 0:19:35.720 --> 0:19:38.760 Now the crypto market is going through this broader quip 0:19:38.880 --> 0:19:41.240 crypto winter, and I'm so curious what your take is 0:19:41.320 --> 0:19:44.359 on that and whether you think this skepticism around digital 0:19:44.359 --> 0:19:48.720 currencies will bleed into the blockchain market. Yeah. I think 0:19:48.800 --> 0:19:52.000 what's been really surprising is that the users that are 0:19:52.160 --> 0:19:55.800 engaging and platforms like magic Heaton haven't slowed down that 0:19:55.920 --> 0:19:58.600 an amount of you know, engagement they're having, how often 0:19:58.600 --> 0:20:01.040 they're participating in mints, and how many of them are 0:20:01.080 --> 0:20:03.520 doing it, that's just keeps growing and growing. So I 0:20:03.600 --> 0:20:07.479 think we're for the first time seeing web experiences they're 0:20:07.520 --> 0:20:11.159 totally decoupled from the price of bitcoin um and I 0:20:11.200 --> 0:20:13.080 think the big deal here is that these are new 0:20:13.160 --> 0:20:16.840 business models. You know, magic Keaton does not make money 0:20:16.840 --> 0:20:19.400 off and at exchange somewhere. It's a purely Web three 0:20:19.440 --> 0:20:24.879 application running on Web three digital assets. Now there's a 0:20:25.040 --> 0:20:28.399 more existential question at play here. We're seeing uh, you know, 0:20:28.480 --> 0:20:32.359 venture capitalists that have plowed money into blockchain technology, big 0:20:32.359 --> 0:20:37.080 backers of Solano. I wonder how you square that with this, 0:20:37.240 --> 0:20:42.159 you know, ethos of decentralization. So I think what actually 0:20:42.240 --> 0:20:45.880 drives decentralization is users that use the network and love 0:20:45.920 --> 0:20:50.200 it and need to run the actual physical hardware because 0:20:50.200 --> 0:20:53.160 they're getting some value out of it. And because of that, 0:20:53.320 --> 0:20:55.800 we've seen the number of nodes in the network, uh, 0:20:56.000 --> 0:20:58.440 you know, breach over half of what a theorem has today, 0:20:58.520 --> 0:21:01.119 so roughly thirty four un it on Salana, and I 0:21:01.119 --> 0:21:04.119 think roughly about six thousand and ethereum, so, you know, 0:21:04.520 --> 0:21:06.480 kind of roughly if you think of it in the 0:21:06.480 --> 0:21:09.800 East term, Salana is as half of the centralized as Ethereum, 0:21:09.920 --> 0:21:11.840 but one of the top three networks at this point. 0:21:13.200 --> 0:21:17.160 Any concerns about d Y d X competing with salana 0:21:17.560 --> 0:21:19.840 um so I think d I d X moved from 0:21:19.880 --> 0:21:23.480 starkware to a Cosmos chain. I mean, I love Cosmo. 0:21:23.640 --> 0:21:26.040 Zaki is an amazing builder. I love that whole community. 0:21:26.400 --> 0:21:29.359 I think that's a perfectly great spot for them for 0:21:29.400 --> 0:21:33.040 the kind of application they're building. All Right, we'll keep 0:21:33.040 --> 0:21:47.000 watching Salana. Co founder Anatole Yaka Venko, thank you. The 0:21:47.080 --> 0:21:50.480 hell and life of women in this nation are now 0:21:50.600 --> 0:21:56.520 at risk, the voiceless. Finally, termination of a pregnancy is 0:21:56.560 --> 0:21:59.320 just their opening act. It's just their front game. I 0:21:59.359 --> 0:22:01.040 don't know what the books that this quarter are going 0:22:01.080 --> 0:22:03.600 to be. All civil rights are under threat. But we'll 0:22:03.640 --> 0:22:06.800 save the lives of millions of children, and it will 0:22:06.800 --> 0:22:11.040 give families hope. It will have huge implications, economic implications 0:22:11.080 --> 0:22:14.399 for families. Takes away their ability to engage fully in 0:22:14.440 --> 0:22:17.520 the economy. This decision is not about abortion. It is 0:22:17.560 --> 0:22:21.359 about power and patriarchal control over women. It pushes it 0:22:21.440 --> 0:22:25.320 back to state legislatures from all across the country. You 0:22:25.400 --> 0:22:28.120 will see certainly a little bit more voter intensity, even 0:22:28.160 --> 0:22:30.720 in uh in swing states and center races this fall. 0:22:30.800 --> 0:22:36.000 A woman's right to choose reproductive freedom is on the 0:22:36.000 --> 0:22:41.359 ballot in November. Welcome back to Bloomberg Technology and Emily 0:22:41.440 --> 0:22:44.080 Changed San Francisco On and get back to today's big story. 0:22:44.119 --> 0:22:48.320 The Supreme Court overturning ro versus Wade, wiping out American 0:22:48.359 --> 0:22:52.480 women's constitutional right to abortion, a ruling that's likely to 0:22:52.520 --> 0:22:55.880 make the procedure illegal in half the country. I want 0:22:55.880 --> 0:22:58.360 to talk about the role of telehealth here and how 0:22:58.440 --> 0:23:01.680 health tech companies can maybe bridge that gap for women 0:23:01.720 --> 0:23:03.639 who want that choice. My next guest is a co 0:23:03.720 --> 0:23:07.320 founder and CEO of Hey Jane and at Home Abortion 0:23:07.359 --> 0:23:11.919 Pill Company, Kiki Friedman. Kiki, thank you so much for 0:23:12.000 --> 0:23:15.520 joining us as someone who runs and at home abortion 0:23:15.560 --> 0:23:20.639 pill company. What is your reaction to this ruling? We 0:23:20.760 --> 0:23:23.720 think the Supreme Court today was absolutely on the wrong 0:23:23.760 --> 0:23:27.399 side of history by overturning Row. These judges are making 0:23:27.480 --> 0:23:31.560 an incredible attack on people's individual liberty, and they're putting 0:23:31.640 --> 0:23:35.639 the help of millions of individuals at risk? UM, the 0:23:35.680 --> 0:23:38.199 decision is coming at a time when the vast majority 0:23:38.200 --> 0:23:41.760 of Americans do support access to safe and legal abortion care, 0:23:42.400 --> 0:23:45.720 and UM, you know, I do think it's important to 0:23:45.760 --> 0:23:48.359 note that abortion is still legal in many seats in 0:23:48.359 --> 0:23:50.200 this country despite what we've seen as a lot of 0:23:50.240 --> 0:23:53.040 confusion around the issue, and that, unlike in the pre 0:23:53.200 --> 0:23:56.240 ro era, to maybe do have access to safe, effective 0:23:56.280 --> 0:23:59.359 abortion pills and the technology to connect with patients to 0:23:59.400 --> 0:24:01.880 give them the worth that they need. So how does 0:24:01.880 --> 0:24:05.760 this decision impact your business model? Are there changes that 0:24:05.800 --> 0:24:07.879 you're having to make right now as a result of 0:24:07.880 --> 0:24:12.119 this law. We will continue operating in all six states 0:24:12.119 --> 0:24:15.440 in which we're currently live. Abortion does remain legal in 0:24:15.480 --> 0:24:19.400 those states. We've strategically positioned ourselves in those states as 0:24:19.440 --> 0:24:22.600