Meet the Founds - Bette Chen, Co-founder and COO.srt

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cool

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so we're recording i'm here with betty

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chen um

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one of our co-founders and ceo um betty

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do you want to just start off and maybe

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give a quick introduction to yourself

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and what you do for akala

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uh yeah sure thanks dan uh and hi

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everyone um this is betty i'm the

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co-founder of acara

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currently uh recording from auckland new

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zealand

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um that's where quite a few of us

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in akala based but of course we are a

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very diverse team i think

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uh there are folks in the u.s and south

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america

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in china also in parts of europe and

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singapore as well so

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that is the environment that we are

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working in uh very remote very diverse

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very

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uh decentralized i guess so

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uh yeah so a bit of uh myself um i

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had an engineering background uh

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from university uh specialized in

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software so i was a developer

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right after school but then later on

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there was more focus on

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product development uh in in tech

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and it was a rare chance that i think

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six or seven years ago

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i stumbled across bitcoin like many of

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us here right once you got into that

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rabbit hole

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you never come back so basically dig

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into everything about bitcoin and

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subsequent ethereum

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and that's how somehow magically i i had

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a career change

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and moved into crypto full-time uh a few

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years back

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um and you know once you are in the

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arena

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you meet like-minded people and cool

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people that you

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really like to work with and that's

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where i met the other co-founders like

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retail and brian very talented engineer

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and also entrepreneur

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which is very important for the makeup

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of akala is we have a diverse team so

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we've got top engineers also got top

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entrepreneurs

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um and also got top people you know for

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operation and growth

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uh now uh you know like dan join us this

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year

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so yeah so that that's how we you know

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come about

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uh to today yeah cool thanks

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um so we're going to get into a call out

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and maybe some of the the technical

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things but um

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let's also start out just kind of

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talking about you

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um so people can get to know you a

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little bit better so could you

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um maybe talk about like maybe one or a

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couple things that you like to do in

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your free time when you're not

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um building your products definitely

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uh i have a lot of interest but uh one

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thing top

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is snowboarding that is one thing i

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missed

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uh when i moved to this crypto job that

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i moved from

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christchurch which is the south island

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of new zealand

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to actually the north island a warmer

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place that are far away from the

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mountains

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i used to actually go snowboarding every

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weekend but hopefully i can get back

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into it this weekend

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this winter actually yeah cool

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um and this could kind of lead into the

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same kind of

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area of your life but um what would you

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say is something like interesting about

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you

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that most people probably don't know at

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this point

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i meditate yeah can you talk about

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um like your your treat that you did

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earlier this year

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uh yeah sure so um i went to a cave well

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uh like uh yeah went to a meditation uh

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retreat called

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vipassana but uh the main thing is like

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to switch off i think

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uh probably not only people in crypto

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but especially in crypto you're

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24 7. uh the market is up and down

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um people can get very emotional um

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and also because you are that engaged

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in what you are um a lot of times you

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could lose perspective

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a small thing can trigger a lot of the

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agitation

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uh anxiety uh uh although you know like

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once you switch off

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turn your computer off look at your

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families look at you know the the

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uh you know very good strong

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relationship that you have in in your

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life

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then you know it puts a lot of things uh

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in perspective

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um and one of the reasons i do that

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retreat uh was to kind of like

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switch off and recharge um and it did

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just that so

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uh i think with not everyone needs to do

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like a 10-day retreat and put yourself

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in a cave

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or something like that that extreme um

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but you know i think we can all

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switch off 10 minutes 20 minutes every

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day or even an hour every day

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uh just to put things into perspective

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through meditation

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or some other uh you know form of

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exercise

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sports running or whatever that we do so

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i also run as well so

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uh yeah so hopefully that helps yeah

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awesome

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um this is a question that i got

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from um tim ferriss who runs a huge

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podcast and

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has written several books and he asks a

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lot of the people he interviews several

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questions

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one of them that i think is is

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interesting which is if you had a

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gigantic

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billboard to give a message to say like

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one billion people

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what would you put on that billboard

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choose the unknown she was the unknown

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yeah i took the rep pill

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brian said buy bitcoin

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[Laughter]

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um okay well this you already answered

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this one

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when you feel stressed or unfocused what

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do you do

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um is there anything besides meditation

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that you think is helpful for

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like times when you're feeling a little

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bit unfocused

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yeah i think i think if you go down to

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the root cause of

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why you feel stressed or anxious or even

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emotional

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it's mostly because we're not quite

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present right if you if you are

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very attached to the past like something

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that you did wrong and

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or you're very much attached to the

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future anticipate what is going to

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happen

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um you're deemed to be in those uh not

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very positive

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mental state right uh so so the main

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thing is like how do i

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what do i need to do to break that

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pattern like mostly thinking you know

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thoughts

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pattern and move back into the present

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state

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um and apart from meditation there's

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many things you can do you know play

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tennis

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uh play some sort of sports that takes

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your mind

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from uh you know random thoughts into

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uh you know very focused events uh

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running is also

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pretty good or working um or just having

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a healthy conversation engaged

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conversation

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with your loved ones would also be good

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i guess yeah

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yeah that's awesome um

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so let's start moving in a little bit

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towards like your career and then we'll

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get into akala and carrera so

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you gave background on like your your

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career what

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led you to coming into crypto um but

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could you talk about

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like on these days where we're working

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you know 12

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14 hours plus like what is what

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like what drives you what inspires you

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to to do what you do

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every day yeah so

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um i think what drove me to crypto

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or the blockchain area as i see the

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potential how they can change the

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uh like the fabric of society uh because

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you know bitcoin kind of proved the

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point

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of uh uh you know value we can take

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their power back to

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individuals um you're not beholden uh to

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any one

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uh authority right uh everyone have

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ownership

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of what they're supposed to own so

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bitcoin kind of kind of make it possible

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that everyone own

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their value or own their property uh we

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didn't used to have that before

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i don't know if people realize um when

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you have a uh you know

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bank card uh the money on the bank card

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we don't own it at the iou

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right so bank owes you some money um if

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you ask nicely they will give you

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back uh but they could just close the

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door or shut their server

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and you wouldn't be able to access that

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value or that money

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so i think bitcoin allows us to have

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real ownership and then the second thing

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allows

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kind of like uh uh switch our mindset

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is uh uh no one actually owns the

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bitcoin network

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so no one actually owns the monetary

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policy or no one actually owns

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uh no one actually controls the rules

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that governs

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who owns what right this is all governed

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by the bitcoin network so those two

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things

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bitcoin only applies that to money and

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value

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a very specific use case however

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that you know ownership proof of

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ownership

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and also resistance to you know some

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authority

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controlling uh everything and everyone's

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life uh those two things can apply to

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almost

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every single aspect of our lives right

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and and and that is kind of like

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mind-bending and also inspiring

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that there are so many things that we

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can turn around uh

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in in in our life you know for example

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um

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i think we are currently beholden to

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many of the

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web 2 companies uh where they uh well

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they've done a great job you know

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providing products and services that

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make our lives more convenient

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but probably by design you know they

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kind of converge to this

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giant resource sucker

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and sucking up everybody's data and

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resource

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and are not able probably also by design

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not able to share

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any of those wealth or profits they

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generated through

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explorating everyone's data however

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blockchain turns the entire model around

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you know for example when we built a

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caller

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um one thing that drives us every day is

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uh

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how we measure uh our success ultimately

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is we can actually hand the network over

291
00:09:47,839 --> 00:09:52,880
to all of the network uh

292
00:09:49,600 --> 00:09:55,519
i say token provider uh holders right so

293
00:09:52,880 --> 00:09:56,000
if we can be hands off like as a as a

294
00:09:55,519 --> 00:09:58,320
core

295
00:09:56,000 --> 00:09:59,920
developer team if we can actually go

296
00:09:58,320 --> 00:10:00,640
into that cave that i talked about

297
00:09:59,920 --> 00:10:04,000
earlier

298
00:10:00,640 --> 00:10:05,920
uh for 10 days 20 days 30 days without

299
00:10:04,000 --> 00:10:07,120
you know further monitoring the network

300
00:10:05,920 --> 00:10:10,480
it can still be

301
00:10:07,120 --> 00:10:11,519
uh self-governing uh uh through its

302
00:10:10,480 --> 00:10:14,560
governance model

303
00:10:11,519 --> 00:10:16,399
and also economically sustainable uh

304
00:10:14,560 --> 00:10:19,519
through you know economic sovereignty

305
00:10:16,399 --> 00:10:22,000
uh from the network and you know

306
00:10:19,519 --> 00:10:22,560
the the token holders can through

307
00:10:22,000 --> 00:10:25,200
governance

308
00:10:22,560 --> 00:10:26,160
vote to continue to manage and evolve

309
00:10:25,200 --> 00:10:29,360
the network

310
00:10:26,160 --> 00:10:31,279
then that's the success uh it is very

311
00:10:29,360 --> 00:10:32,640
idealistic probably but i think it's

312
00:10:31,279 --> 00:10:34,800
it's very possible through

313
00:10:32,640 --> 00:10:35,680
the plan that we've put out and so far

314
00:10:34,800 --> 00:10:38,000
the uh

315
00:10:35,680 --> 00:10:39,760
you know the proof that we've had so far

316
00:10:38,000 --> 00:10:40,240
but of course everyone's anticipating uh

317
00:10:39,760 --> 00:10:43,440
you know

318
00:10:40,240 --> 00:10:46,079
the launch very soon um but this is the

319
00:10:43,440 --> 00:10:47,920
direction that we are heading and this

320
00:10:46,079 --> 00:10:50,640
turns the model around because

321
00:10:47,920 --> 00:10:51,279
if i walk into a bank today while i can

322
00:10:50,640 --> 00:10:53,920
open

323
00:10:51,279 --> 00:10:55,760
a bank account and borrow a loan but i

324
00:10:53,920 --> 00:10:56,880
would not be possible to become a

325
00:10:55,760 --> 00:10:59,839
shareholder

326
00:10:56,880 --> 00:11:00,880
or if the ceo or all the companies

327
00:10:59,839 --> 00:11:03,360
misconducted

328
00:11:00,880 --> 00:11:03,920
i would not be able to vote the ceo out

329
00:11:03,360 --> 00:11:06,240
i have

330
00:11:03,920 --> 00:11:08,000
none of those rights right so in a

331
00:11:06,240 --> 00:11:10,560
blockchain and how we design

332
00:11:08,000 --> 00:11:12,000
the sort of the next generation network

333
00:11:10,560 --> 00:11:14,000
is this co-ownership

334
00:11:12,000 --> 00:11:15,920
model anyone who participated

335
00:11:14,000 --> 00:11:19,360
contributed in certain ways

336
00:11:15,920 --> 00:11:21,920
they also co-own uh the the platform or

337
00:11:19,360 --> 00:11:23,040
uh the the network that they are

338
00:11:21,920 --> 00:11:25,200
participating in

339
00:11:23,040 --> 00:11:26,640
so this kind of flips around uh the

340
00:11:25,200 --> 00:11:28,800
whole model

341
00:11:26,640 --> 00:11:30,399
of you know how you actually share the

342
00:11:28,800 --> 00:11:31,279
wealth that you generated how you

343
00:11:30,399 --> 00:11:33,279
actually share

344
00:11:31,279 --> 00:11:34,399
the ownership and also how you share

345
00:11:33,279 --> 00:11:37,360
responsibility

346
00:11:34,399 --> 00:11:37,760
right so these all come in proportion uh

347
00:11:37,360 --> 00:11:40,560
to

348
00:11:37,760 --> 00:11:42,880
each other uh but now at least we have a

349
00:11:40,560 --> 00:11:45,680
uh i guess a very

350
00:11:42,880 --> 00:11:46,720
uh reasonable or technological uh

351
00:11:45,680 --> 00:11:48,720
capable way

352
00:11:46,720 --> 00:11:50,880
for us to all implement that and roll

353
00:11:48,720 --> 00:11:52,639
that out to many aspects of life and of

354
00:11:50,880 --> 00:11:55,680
course you know for a caller we are

355
00:11:52,639 --> 00:11:57,760
trying that out in a finance arena

356
00:11:55,680 --> 00:11:59,760
but this technology can be used in many

357
00:11:57,760 --> 00:12:00,639
other fields and we are only at the very

358
00:11:59,760 --> 00:12:02,480
beginning

359
00:12:00,639 --> 00:12:05,040
of all the stuff that i was talking

360
00:12:02,480 --> 00:12:06,480
about that's what drives me up every day

361
00:12:05,040 --> 00:12:08,800
right because i know there's so many

362
00:12:06,480 --> 00:12:10,399
things that we could we could do

363
00:12:08,800 --> 00:12:12,079
and then there's also so many things we

364
00:12:10,399 --> 00:12:12,880
haven't got to the point where we can

365
00:12:12,079 --> 00:12:15,360
hand off

366
00:12:12,880 --> 00:12:17,920
uh to say we are truly decentralized um

367
00:12:15,360 --> 00:12:20,560
so those are all the motivators i guess

368
00:12:17,920 --> 00:12:21,279
uh that that makes me exciting and uh

369
00:12:20,560 --> 00:12:24,800
inspired

370
00:12:21,279 --> 00:12:25,760
yeah awesome thanks and that that leads

371
00:12:24,800 --> 00:12:29,519
into

372
00:12:25,760 --> 00:12:32,880
um a couple other questions so um

373
00:12:29,519 --> 00:12:35,760
sticking to akala for now so if you

374
00:12:32,880 --> 00:12:37,920
if you had to use like three adjectives

375
00:12:35,760 --> 00:12:39,519
or three descriptive words to describe

376
00:12:37,920 --> 00:12:42,639
akala what would those

377
00:12:39,519 --> 00:12:42,639
three words be

378
00:12:44,399 --> 00:12:48,240
uh that's a tough question um

379
00:12:48,800 --> 00:12:55,279
uh okay so that would be a

380
00:12:52,800 --> 00:12:55,279
stable

381
00:12:57,200 --> 00:13:00,880
a trusted in a trustless way

382
00:13:02,320 --> 00:13:10,480
and decentralized okay that's great

383
00:13:07,200 --> 00:13:12,560
brian's brian's answer was polka dot

384
00:13:10,480 --> 00:13:14,399
defy hub

385
00:13:12,560 --> 00:13:16,320
there's a three three words so i

386
00:13:14,399 --> 00:13:19,680
rephrase the question a little bit

387
00:13:16,320 --> 00:13:21,680
um and then i guess switching to karua

388
00:13:19,680 --> 00:13:24,000
how would you describe kirura in three

389
00:13:21,680 --> 00:13:24,000
words

390
00:13:25,680 --> 00:13:32,959
uh it's actually easier so

391
00:13:29,440 --> 00:13:37,120
kura is kura is hot

392
00:13:32,959 --> 00:13:40,639
uh kora is uh uh

393
00:13:37,120 --> 00:13:44,079
so yeah so so hot um

394
00:13:40,639 --> 00:13:47,519
and uh innovative

395
00:13:44,079 --> 00:13:51,839
um and also cool yeah

396
00:13:47,519 --> 00:13:54,160
perfect um okay so going back to

397
00:13:51,839 --> 00:13:56,399
i guess the beginning of of all of this

398
00:13:54,160 --> 00:13:59,279
with akala could you maybe just tell

399
00:13:56,399 --> 00:14:00,000
a brief story around how the teams came

400
00:13:59,279 --> 00:14:03,360
together how

401
00:14:00,000 --> 00:14:05,040
call started um maybe what made you

402
00:14:03,360 --> 00:14:06,720
realize that there was this need for

403
00:14:05,040 --> 00:14:08,160
this d5 para chain

404
00:14:06,720 --> 00:14:10,639
a stable coin because i know you were

405
00:14:08,160 --> 00:14:14,000
working on um laminar at the time

406
00:14:10,639 --> 00:14:16,639
so maybe just a little history of akala

407
00:14:14,000 --> 00:14:17,680
uh sure yeah so um yeah so prior to

408
00:14:16,639 --> 00:14:20,880
akara um

409
00:14:17,680 --> 00:14:23,920
we uh we set up laminar so there was uh

410
00:14:20,880 --> 00:14:26,560
uh so that was uh before when i met

411
00:14:23,920 --> 00:14:27,440
uh brian and retail we decided to build

412
00:14:26,560 --> 00:14:30,720
something in

413
00:14:27,440 --> 00:14:33,519
the uh d5 space so we started laminar

414
00:14:30,720 --> 00:14:34,399
um it's focused on synthetic asset

415
00:14:33,519 --> 00:14:37,360
margin trading

416
00:14:34,399 --> 00:14:38,720
uh but it's also a uh sort of d5

417
00:14:37,360 --> 00:14:41,920
protocol development

418
00:14:38,720 --> 00:14:44,639
house basically um and then it was right

419
00:14:41,920 --> 00:14:46,800
at the point where we decided to

420
00:14:44,639 --> 00:14:48,240
move all our focus on to substrate

421
00:14:46,800 --> 00:14:50,000
development because we built our

422
00:14:48,240 --> 00:14:51,920
prototype on ethereum

423
00:14:50,000 --> 00:14:53,600
i believe or not um it actually launched

424
00:14:51,920 --> 00:14:55,680
on coven

425
00:14:53,600 --> 00:14:56,959
uh so there's full sunset as a margin

426
00:14:55,680 --> 00:14:58,959
training protocol on there

427
00:14:56,959 --> 00:15:01,199
so we're about to launch on ethereum but

428
00:14:58,959 --> 00:15:04,000
that's also the beginning of you farming

429
00:15:01,199 --> 00:15:05,920
um and then we re evaluated uh you know

430
00:15:04,000 --> 00:15:07,920
everything and i think probably

431
00:15:05,920 --> 00:15:09,760
uh substrate and polka dot is probably

432
00:15:07,920 --> 00:15:12,800
much better bet for the model

433
00:15:09,760 --> 00:15:14,880
that we are able to launch um

434
00:15:12,800 --> 00:15:16,000
and um and stablecon is actually a

435
00:15:14,880 --> 00:15:18,800
critical path

436
00:15:16,000 --> 00:15:19,600
uh in building that protocol and then at

437
00:15:18,800 --> 00:15:21,839
the time

438
00:15:19,600 --> 00:15:23,600
when we started building in substrate

439
00:15:21,839 --> 00:15:26,480
that was like 2.5 plus

440
00:15:23,600 --> 00:15:27,839
years ago so it was very very early not

441
00:15:26,480 --> 00:15:30,480
only the framework

442
00:15:27,839 --> 00:15:31,600
uh substrate is very in the early stage

443
00:15:30,480 --> 00:15:34,079
of development

444
00:15:31,600 --> 00:15:35,759
also the ecosystem is at a very early

445
00:15:34,079 --> 00:15:38,880
stage we are probably one of the

446
00:15:35,759 --> 00:15:40,480
first uh for quite a while the only

447
00:15:38,880 --> 00:15:42,079
commercial team that are building

448
00:15:40,480 --> 00:15:45,040
outside of parity

449
00:15:42,079 --> 00:15:46,079
um but of course you know we've seen

450
00:15:45,040 --> 00:15:48,079
what we believe

451
00:15:46,079 --> 00:15:50,560
things probably other people only seeing

452
00:15:48,079 --> 00:15:52,079
that today or believing that today

453
00:15:50,560 --> 00:15:54,240
that you know we kind of see the

454
00:15:52,079 --> 00:15:55,040
multi-chain future we believe you know

455
00:15:54,240 --> 00:15:58,560
substrate

456
00:15:55,040 --> 00:16:00,320
uh is at that time the leading

457
00:15:58,560 --> 00:16:02,240
framework that we could use to achieve

458
00:16:00,320 --> 00:16:04,959
our goals but of course today you know

459
00:16:02,240 --> 00:16:06,240
the gap is you know miles bigger but at

460
00:16:04,959 --> 00:16:09,360
the time you know that was

461
00:16:06,240 --> 00:16:11,759
our conclusion at the time um and then

462
00:16:09,360 --> 00:16:12,480
um so there's a stable coin that needed

463
00:16:11,759 --> 00:16:14,320
to be built

464
00:16:12,480 --> 00:16:15,680
uh at the time so we were approached by

465
00:16:14,320 --> 00:16:17,759
web3 foundation

466
00:16:15,680 --> 00:16:19,519
uh we were thinking about it because in

467
00:16:17,759 --> 00:16:21,759
polkadot when you build things

468
00:16:19,519 --> 00:16:23,120
the mindset needs to be way bigger you

469
00:16:21,759 --> 00:16:25,120
are not building something that's

470
00:16:23,120 --> 00:16:26,800
preparatory or only serve your own

471
00:16:25,120 --> 00:16:28,560
purposes if you are going to build

472
00:16:26,800 --> 00:16:30,399
something like a stable coin it will

473
00:16:28,560 --> 00:16:32,480
need to serve the community like a

474
00:16:30,399 --> 00:16:34,079
multi-chain community right even you are

475
00:16:32,480 --> 00:16:34,639
talking about just within the polka dot

476
00:16:34,079 --> 00:16:37,040
network

477
00:16:34,639 --> 00:16:38,560
that has to be like a community driven

478
00:16:37,040 --> 00:16:41,600
um sort of stable coin

479
00:16:38,560 --> 00:16:44,480
uh product um so we we

480
00:16:41,600 --> 00:16:46,480
we thought it wouldn't just laminar to

481
00:16:44,480 --> 00:16:49,120
boat us it wouldn't be quite right

482
00:16:46,480 --> 00:16:49,759
but at the time we went to this uh first

483
00:16:49,120 --> 00:16:53,040
uh

484
00:16:49,759 --> 00:16:55,120
substrate hackathon uh held in hangzhou

485
00:16:53,040 --> 00:16:56,720
where brian our other co-founder was a

486
00:16:55,120 --> 00:16:58,399
judge alongside gavin

487
00:16:56,720 --> 00:16:59,839
um that that was the time we met the

488
00:16:58,399 --> 00:17:02,079
pokeball team

489
00:16:59,839 --> 00:17:03,920
so led by fuyao they were one of the

490
00:17:02,079 --> 00:17:06,799
earliest developer also uh

491
00:17:03,920 --> 00:17:08,640
creating a mobile wallet there um and

492
00:17:06,799 --> 00:17:10,559
yeah and then

493
00:17:08,640 --> 00:17:11,919
they they are also very solid builders

494
00:17:10,559 --> 00:17:14,400
and then we saw fuyao

495
00:17:11,919 --> 00:17:15,600
you know waving this hammer on stage and

496
00:17:14,400 --> 00:17:17,919
then raving about

497
00:17:15,600 --> 00:17:20,559
how how much he hated about you know all

498
00:17:17,919 --> 00:17:22,880
the erc20 like ico craves

499
00:17:20,559 --> 00:17:24,000
craze uh that kind of destroyed a lot of

500
00:17:22,880 --> 00:17:27,120
the reputation

501
00:17:24,000 --> 00:17:29,120
or a lot of people's faith in uh using

502
00:17:27,120 --> 00:17:30,080
crypto using blockchain as a new

503
00:17:29,120 --> 00:17:32,160
innovation

504
00:17:30,080 --> 00:17:33,679
uh to change many aspects of lives and

505
00:17:32,160 --> 00:17:35,360
then and then everyone's you know

506
00:17:33,679 --> 00:17:35,760
thinking about icos and things like that

507
00:17:35,360 --> 00:17:38,559
he's

508
00:17:35,760 --> 00:17:38,880
very angry about that so um uh anyways

509
00:17:38,559 --> 00:17:40,799
so

510
00:17:38,880 --> 00:17:42,799
that that was like how we actually met

511
00:17:40,799 --> 00:17:44,960
fuyao and his team

512
00:17:42,799 --> 00:17:46,640
um and then right after that was like

513
00:17:44,960 --> 00:17:49,360
you know this guy has a you know very

514
00:17:46,640 --> 00:17:50,640
high moral standard and uh value wise

515
00:17:49,360 --> 00:17:53,679
and also vision

516
00:17:50,640 --> 00:17:54,880
was very aligned with with us um and at

517
00:17:53,679 --> 00:17:56,320
the same time he wanted to do something

518
00:17:54,880 --> 00:17:58,480
in d5 as well

519
00:17:56,320 --> 00:18:00,720
so uh yeah so and then right after that

520
00:17:58,480 --> 00:18:02,960
we started dating

521
00:18:00,720 --> 00:18:04,480
by opening a github ripple and then we

522
00:18:02,960 --> 00:18:06,720
coded for a month or so

523
00:18:04,480 --> 00:18:08,320
and then that's how basically how how

524
00:18:06,720 --> 00:18:10,480
consolidated our

525
00:18:08,320 --> 00:18:11,600
formal relationship after that and

526
00:18:10,480 --> 00:18:14,640
that's sort of the

527
00:18:11,600 --> 00:18:18,400
backstory of our akala

528
00:18:14,640 --> 00:18:21,440
perfect um let's get into a little

529
00:18:18,400 --> 00:18:24,799
around um like i guess internal

530
00:18:21,440 --> 00:18:26,559
aspects of akala so could you talk about

531
00:18:24,799 --> 00:18:28,559
like how you would describe describe the

532
00:18:26,559 --> 00:18:30,320
culture of the kala and

533
00:18:28,559 --> 00:18:31,760
what types of characteristics you look

534
00:18:30,320 --> 00:18:34,240
for and people that

535
00:18:31,760 --> 00:18:35,280
you're recruiting to join akala are

536
00:18:34,240 --> 00:18:38,799
considering

537
00:18:35,280 --> 00:18:41,200
for employment yeah so

538
00:18:38,799 --> 00:18:43,600
all in all we are a very engineering

539
00:18:41,200 --> 00:18:46,400
focused uh

540
00:18:43,600 --> 00:18:47,760
a group of people a team right i think

541
00:18:46,400 --> 00:18:49,440
even for then he turned

542
00:18:47,760 --> 00:18:51,520
into like a geek or he's probably

543
00:18:49,440 --> 00:18:53,360
already a geek in crypto

544
00:18:51,520 --> 00:18:54,880
before he joined and now he's even more

545
00:18:53,360 --> 00:18:56,960
geekier so

546
00:18:54,880 --> 00:18:58,720
this is the this is the culture we're

547
00:18:56,960 --> 00:19:01,120
very engineering focused because we

548
00:18:58,720 --> 00:19:03,039
are infrastructure builder we're at very

549
00:19:01,120 --> 00:19:05,600
early stage of this technology

550
00:19:03,039 --> 00:19:06,320
if we are not focusing on solving uh

551
00:19:05,600 --> 00:19:08,960
some of the

552
00:19:06,320 --> 00:19:10,000
fundamental or technological problems uh

553
00:19:08,960 --> 00:19:12,240
then we're not doing a good

554
00:19:10,000 --> 00:19:13,679
job because whatever we built today is

555
00:19:12,240 --> 00:19:16,080
going to be used by

556
00:19:13,679 --> 00:19:16,960
many other developers and many other

557
00:19:16,080 --> 00:19:19,200
users

558
00:19:16,960 --> 00:19:20,000
in the future to make all of those tech

559
00:19:19,200 --> 00:19:22,400
mainstream

560
00:19:20,000 --> 00:19:24,240
right so this is a very important sort

561
00:19:22,400 --> 00:19:26,640
of thing that we uh

562
00:19:24,240 --> 00:19:27,600
well feel pretty proud and also need to

563
00:19:26,640 --> 00:19:30,160
continue

564
00:19:27,600 --> 00:19:31,760
uh to carry out in in the growth of the

565
00:19:30,160 --> 00:19:34,480
uh of the akala team

566
00:19:31,760 --> 00:19:35,280
um and then uh beyond that so we we

567
00:19:34,480 --> 00:19:38,320
attracted

568
00:19:35,280 --> 00:19:38,880
uh a lot of uh you know talent i think

569
00:19:38,320 --> 00:19:41,120
10x

570
00:19:38,880 --> 00:19:42,880
developers tend to attract 10x

571
00:19:41,120 --> 00:19:45,840
developers and also 10x

572
00:19:42,880 --> 00:19:47,120
operators uh and also 10x whatever

573
00:19:45,840 --> 00:19:50,559
attracts 10x

574
00:19:47,120 --> 00:19:52,000
uh rows right so uh i think we're lucky

575
00:19:50,559 --> 00:19:54,559
enough we started off

576
00:19:52,000 --> 00:19:55,280
uh many of the 10x talents uh founding

577
00:19:54,559 --> 00:19:57,520
the team

578
00:19:55,280 --> 00:19:59,280
and then we continue to track uh attract

579
00:19:57,520 --> 00:20:00,160
those talents so we hopefully that

580
00:19:59,280 --> 00:20:03,120
that's gonna

581
00:20:00,160 --> 00:20:04,400
carry on as well so a high performer is

582
00:20:03,120 --> 00:20:06,799
certainly one of the

583
00:20:04,400 --> 00:20:07,440
culture here as well um and then and

584
00:20:06,799 --> 00:20:08,960
then thirdly

585
00:20:07,440 --> 00:20:11,360
is like we actually rate this very

586
00:20:08,960 --> 00:20:14,400
highly probably number one is integrity

587
00:20:11,360 --> 00:20:16,320
uh this is this is uh

588
00:20:14,400 --> 00:20:17,919
not just saying you know we have to hold

589
00:20:16,320 --> 00:20:20,240
ourselves very high standard but

590
00:20:17,919 --> 00:20:20,960
we are in the industry uh that is

591
00:20:20,240 --> 00:20:24,400
evolving

592
00:20:20,960 --> 00:20:26,480
um any early uh innovation or field

593
00:20:24,400 --> 00:20:27,520
uh you're gonna have a lot of grey areas

594
00:20:26,480 --> 00:20:29,280
uncertainties

595
00:20:27,520 --> 00:20:31,039
and you've got to have this wild group

596
00:20:29,280 --> 00:20:31,600
of people who are trying to just

597
00:20:31,039 --> 00:20:35,120
leverage

598
00:20:31,600 --> 00:20:37,200
technology for purposes other than uh

599
00:20:35,120 --> 00:20:38,159
you know progressing our human you know

600
00:20:37,200 --> 00:20:41,679
improvement

601
00:20:38,159 --> 00:20:45,200
um and doing good to the society uh so

602
00:20:41,679 --> 00:20:48,159
um and sometimes it's a very fine line

603
00:20:45,200 --> 00:20:48,720
so integrity uh we hold it very very

604
00:20:48,159 --> 00:20:51,039
highly

605
00:20:48,720 --> 00:20:53,039
within the team through individuals but

606
00:20:51,039 --> 00:20:56,159
also through how we conduct

607
00:20:53,039 --> 00:20:56,480
all the activities that we do internally

608
00:20:56,159 --> 00:21:00,400
and

609
00:20:56,480 --> 00:21:02,720
externally so and also

610
00:21:00,400 --> 00:21:05,120
i think integrity and trust even though

611
00:21:02,720 --> 00:21:07,200
we are trying to build trustless network

612
00:21:05,120 --> 00:21:08,640
but trust is something that is very hard

613
00:21:07,200 --> 00:21:11,200
to build

614
00:21:08,640 --> 00:21:13,120
and very easy to break so we take that

615
00:21:11,200 --> 00:21:13,600
very very seriously and every single

616
00:21:13,120 --> 00:21:15,200
person

617
00:21:13,600 --> 00:21:16,799
in the team holds very high

618
00:21:15,200 --> 00:21:19,360
responsibility

619
00:21:16,799 --> 00:21:20,559
of making something that could benefit

620
00:21:19,360 --> 00:21:23,679
many people

621
00:21:20,559 --> 00:21:26,400
but also many of the information and

622
00:21:23,679 --> 00:21:27,120
and things that we handle are highly uh

623
00:21:26,400 --> 00:21:29,360
critical

624
00:21:27,120 --> 00:21:30,480
and sensitive to many of the users that

625
00:21:29,360 --> 00:21:33,120
we will serve

626
00:21:30,480 --> 00:21:33,679
right so um i think those those three

627
00:21:33,120 --> 00:21:36,080
things

628
00:21:33,679 --> 00:21:38,320
uh kind of describes who we are like you

629
00:21:36,080 --> 00:21:40,720
know still very nerdy engineering

630
00:21:38,320 --> 00:21:42,080
focused um and very passionate about

631
00:21:40,720 --> 00:21:44,640
what we are doing

632
00:21:42,080 --> 00:21:45,520
but also holds uh holds very high

633
00:21:44,640 --> 00:21:47,520
integrity

634
00:21:45,520 --> 00:21:49,200
um and at the same time we're also kind

635
00:21:47,520 --> 00:21:51,760
of fun because everyone

636
00:21:49,200 --> 00:21:52,799
uh we're very straightforward team uh

637
00:21:51,760 --> 00:21:54,240
mostly because

638
00:21:52,799 --> 00:21:55,600
engineering driven but we're also

639
00:21:54,240 --> 00:21:56,559
intentionally trying to be very

640
00:21:55,600 --> 00:21:59,520
straightforward

641
00:21:56,559 --> 00:22:00,400
uh we say what we think uh we don't hold

642
00:21:59,520 --> 00:22:03,280
anybody you know

643
00:22:00,400 --> 00:22:04,480
personally uh but we discuss things very

644
00:22:03,280 --> 00:22:06,080
openly

645
00:22:04,480 --> 00:22:07,840
and we have fun together right so

646
00:22:06,080 --> 00:22:11,280
there's a whole bunch of snowboarders

647
00:22:07,840 --> 00:22:13,919
a whole bunch of game players um then

648
00:22:11,280 --> 00:22:15,919
and there's many things that we enjoying

649
00:22:13,919 --> 00:22:17,120
not just like working in coding and do

650
00:22:15,919 --> 00:22:19,600
stuff together but also

651
00:22:17,120 --> 00:22:20,799
you know play together as well so that's

652
00:22:19,600 --> 00:22:24,080
that's how we are today

653
00:22:20,799 --> 00:22:26,159
yeah awesome um

654
00:22:24,080 --> 00:22:27,200
so in your role you're you're doing a

655
00:22:26,159 --> 00:22:29,600
lot with our

656
00:22:27,200 --> 00:22:30,720
products um and one thing that i was

657
00:22:29,600 --> 00:22:33,120
wondering

658
00:22:30,720 --> 00:22:34,080
is uh i guess what would your what would

659
00:22:33,120 --> 00:22:36,240
you say your

660
00:22:34,080 --> 00:22:37,840
favorite product is or which product

661
00:22:36,240 --> 00:22:38,640
that we're building you're most excited

662
00:22:37,840 --> 00:22:40,720
about

663
00:22:38,640 --> 00:22:43,280
and maybe why um why you're excited

664
00:22:40,720 --> 00:22:46,080
about that product

665
00:22:43,280 --> 00:22:46,640
ah you're trying to ask me which which

666
00:22:46,080 --> 00:22:49,520
child

667
00:22:46,640 --> 00:22:49,520
is my favorite

668
00:22:50,080 --> 00:22:54,240
that that is gonna uh that's very hard

669
00:22:52,400 --> 00:22:58,000
to choose and then it's going to piss

670
00:22:54,240 --> 00:23:00,559
other children off so um

671
00:22:58,000 --> 00:23:02,480
but but i would say this right uh what

672
00:23:00,559 --> 00:23:04,640
we're doing at akala

673
00:23:02,480 --> 00:23:06,480
at least at this stage we're creating a

674
00:23:04,640 --> 00:23:09,200
completely new category

675
00:23:06,480 --> 00:23:11,280
because in the past you will see teams

676
00:23:09,200 --> 00:23:12,240
uh more focused on layer one building a

677
00:23:11,280 --> 00:23:14,559
blockchain

678
00:23:12,240 --> 00:23:15,840
um and then you're also seeing uh teams

679
00:23:14,559 --> 00:23:17,760
building protocols

680
00:23:15,840 --> 00:23:19,600
uh you know like compound and ave

681
00:23:17,760 --> 00:23:22,799
they're focusing on the protocol

682
00:23:19,600 --> 00:23:24,880
itself and you also see folks who are uh

683
00:23:22,799 --> 00:23:26,640
building mostly the front-end you know

684
00:23:24,880 --> 00:23:28,799
the portfolio managers

685
00:23:26,640 --> 00:23:30,480
or the aggregators and things like that

686
00:23:28,799 --> 00:23:31,280
so people all operate at different

687
00:23:30,480 --> 00:23:34,559
levels

688
00:23:31,280 --> 00:23:37,840
um i think it might be uh first time uh

689
00:23:34,559 --> 00:23:39,919
that uh well uh partly powered by

690
00:23:37,840 --> 00:23:41,039
uh what substrate and polka dot is made

691
00:23:39,919 --> 00:23:43,360
possible

692
00:23:41,039 --> 00:23:45,200
that we are a team building in multiple

693
00:23:43,360 --> 00:23:46,320
layers so this is the entire category

694
00:23:45,200 --> 00:23:49,760
because akala

695
00:23:46,320 --> 00:23:52,880
is both a blockchain network as well as

696
00:23:49,760 --> 00:23:54,640
a set of protocols so we have a stable

697
00:23:52,880 --> 00:23:57,039
coin borrowing

698
00:23:54,640 --> 00:23:58,640
protocol and then we have a amm

699
00:23:57,039 --> 00:24:00,799
decentralized exchange

700
00:23:58,640 --> 00:24:02,880
and then we also have liquid sticking

701
00:24:00,799 --> 00:24:04,320
that makes your steak asset also liquid

702
00:24:02,880 --> 00:24:07,520
and be used in other

703
00:24:04,320 --> 00:24:08,320
d5 protocols so we are also protocol

704
00:24:07,520 --> 00:24:10,320
builders

705
00:24:08,320 --> 00:24:11,360
and then at the same time on top of that

706
00:24:10,320 --> 00:24:14,320
we also have

707
00:24:11,360 --> 00:24:15,360
evm virtual machine and down the track

708
00:24:14,320 --> 00:24:18,480
also you know inc

709
00:24:15,360 --> 00:24:20,640
smart contract platform as well

710
00:24:18,480 --> 00:24:21,600
so then we can empower more developers

711
00:24:20,640 --> 00:24:25,279
to build apps

712
00:24:21,600 --> 00:24:27,840
so we are all i guess three things

713
00:24:25,279 --> 00:24:28,960
all together um and then sometimes it's

714
00:24:27,840 --> 00:24:31,120
quite hard to

715
00:24:28,960 --> 00:24:32,400
uh for people to compare us to a

716
00:24:31,120 --> 00:24:34,559
specific project

717
00:24:32,400 --> 00:24:36,559
or team because we are all three right

718
00:24:34,559 --> 00:24:39,919
and i think this is going to be

719
00:24:36,559 --> 00:24:41,679
maybe more in the future that individual

720
00:24:39,919 --> 00:24:43,279
chains will be more specialized

721
00:24:41,679 --> 00:24:44,799
because if we think the future is

722
00:24:43,279 --> 00:24:47,120
multi-chain

723
00:24:44,799 --> 00:24:48,720
then uh it makes sense that chengs are

724
00:24:47,120 --> 00:24:50,480
gonna be more specialized

725
00:24:48,720 --> 00:24:52,559
in what they do and solve a domain

726
00:24:50,480 --> 00:24:55,600
problem really well you know for us we

727
00:24:52,559 --> 00:24:56,799
purely focus on finance and trying to uh

728
00:24:55,600 --> 00:24:59,679
uh you know uh

729
00:24:56,799 --> 00:25:01,600
improve many of the roadblocks and

730
00:24:59,679 --> 00:25:04,400
bottlenecks that we're currently facing

731
00:25:01,600 --> 00:25:04,880
in traditional finance as well as in d5

732
00:25:04,400 --> 00:25:09,440
right

733
00:25:04,880 --> 00:25:12,799
so um yeah so uh if you ask me to pay

734
00:25:09,440 --> 00:25:15,120
favor it uh it's very hard um

735
00:25:12,799 --> 00:25:16,320
but again i think uh first of all you

736
00:25:15,120 --> 00:25:18,640
know all those products

737
00:25:16,320 --> 00:25:21,039
uh people are gonna be really like to

738
00:25:18,640 --> 00:25:21,679
use especially you know ksm holders dot

739
00:25:21,039 --> 00:25:24,240
holders

740
00:25:21,679 --> 00:25:26,159
or folks who actually want to expose to

741
00:25:24,240 --> 00:25:27,279
the staking economy so if you have to

742
00:25:26,159 --> 00:25:29,919
ask me to pick one

743
00:25:27,279 --> 00:25:30,799
i would pick products related to the

744
00:25:29,919 --> 00:25:32,720
proof of stake

745
00:25:30,799 --> 00:25:34,000
economy because this is a completely new

746
00:25:32,720 --> 00:25:36,320
sort of economy

747
00:25:34,000 --> 00:25:38,559
that grows out of the uh you know the

748
00:25:36,320 --> 00:25:40,559
pow or other economy

749
00:25:38,559 --> 00:25:41,679
because now you can actually have a

750
00:25:40,559 --> 00:25:44,799
meaningful

751
00:25:41,679 --> 00:25:45,200
and stable income out of say you know

752
00:25:44,799 --> 00:25:47,919
dot

753
00:25:45,200 --> 00:25:48,559
staking and also if you are a bitcoin

754
00:25:47,919 --> 00:25:50,960
holder

755
00:25:48,559 --> 00:25:52,480
uh it's also good news to you because

756
00:25:50,960 --> 00:25:54,880
you no longer need to sit

757
00:25:52,480 --> 00:25:56,960
uh with your bitcoin you can now it does

758
00:25:54,880 --> 00:25:59,679
multi-chain right so you can cross your

759
00:25:56,960 --> 00:26:00,880
bitcoin to a caller and then you can use

760
00:25:59,679 --> 00:26:02,640
some of the products

761
00:26:00,880 --> 00:26:04,480
to actually participate in the

762
00:26:02,640 --> 00:26:05,520
proof-of-stake economy earning the

763
00:26:04,480 --> 00:26:07,919
staking yield

764
00:26:05,520 --> 00:26:09,760
without selling your bitcoin right so

765
00:26:07,919 --> 00:26:12,559
then this is this is sort of the

766
00:26:09,760 --> 00:26:13,120
area that becomes very very interesting

767
00:26:12,559 --> 00:26:15,679
um

768
00:26:13,120 --> 00:26:17,360
and yeah but very very uh cool i guess

769
00:26:15,679 --> 00:26:20,799
the the proof of state economy

770
00:26:17,360 --> 00:26:21,840
would be my pick okay great

771
00:26:20,799 --> 00:26:24,000
that was the one i thought you were

772
00:26:21,840 --> 00:26:27,520
going to take anyway okay

773
00:26:24,000 --> 00:26:29,679
all right so let's so i'm gonna ask this

774
00:26:27,520 --> 00:26:32,559
is just the last question so more of um

775
00:26:29,679 --> 00:26:34,240
where you see things going so if we

776
00:26:32,559 --> 00:26:35,039
think maybe five years down the road

777
00:26:34,240 --> 00:26:38,159
it's

778
00:26:35,039 --> 00:26:40,080
april 2026 um

779
00:26:38,159 --> 00:26:43,120
we've we've been working on akala for

780
00:26:40,080 --> 00:26:45,760
years maybe building things on akala

781
00:26:43,120 --> 00:26:47,679
um where do you see like how do you see

782
00:26:45,760 --> 00:26:49,120
this playing out in that time frame like

783
00:26:47,679 --> 00:26:50,720
d5

784
00:26:49,120 --> 00:26:52,799
multiple chains like what would what

785
00:26:50,720 --> 00:26:54,400
would be your your guess for how things

786
00:26:52,799 --> 00:26:56,400
play out

787
00:26:54,400 --> 00:26:57,840
uh that's like a lifetime like i mean

788
00:26:56,400 --> 00:27:01,440
that's like a three life

789
00:26:57,840 --> 00:27:03,520
in crypto um so you're asking me to

790
00:27:01,440 --> 00:27:06,720
predict like after three reincarnation

791
00:27:03,520 --> 00:27:09,760
and what is gonna happen yeah yeah so

792
00:27:06,720 --> 00:27:11,120
uh yeah i can i can it's how to estimate

793
00:27:09,760 --> 00:27:13,120
right because all of those things could

794
00:27:11,120 --> 00:27:16,240
happen within a year or something yeah

795
00:27:13,120 --> 00:27:17,760
but certainly i i i can see a lot of

796
00:27:16,240 --> 00:27:19,279
things that we build will become

797
00:27:17,760 --> 00:27:21,919
infrastructure

798
00:27:19,279 --> 00:27:23,039
which means we're gonna power a lot of

799
00:27:21,919 --> 00:27:25,279
consumer products

800
00:27:23,039 --> 00:27:26,159
without people actually knowing it comes

801
00:27:25,279 --> 00:27:28,960
from polka dot

802
00:27:26,159 --> 00:27:29,760
or it comes from akala uh if you use an

803
00:27:28,960 --> 00:27:31,600
analogy

804
00:27:29,760 --> 00:27:34,720
this will be like you know today you are

805
00:27:31,600 --> 00:27:36,399
using i guess facebook or even zoom

806
00:27:34,720 --> 00:27:38,080
right you wouldn't actually think about

807
00:27:36,399 --> 00:27:39,919
the cloud service

808
00:27:38,080 --> 00:27:41,440
which cloud service that is using at the

809
00:27:39,919 --> 00:27:43,120
back end um also

810
00:27:41,440 --> 00:27:44,559
you wouldn't actually think about which

811
00:27:43,120 --> 00:27:47,200
uh what what kind of

812
00:27:44,559 --> 00:27:49,279
tcp ip or internet protocol that is

813
00:27:47,200 --> 00:27:52,000
using to package up all the data

814
00:27:49,279 --> 00:27:53,039
transmitting across across the internet

815
00:27:52,000 --> 00:27:56,240
you wouldn't think about

816
00:27:53,039 --> 00:27:58,000
any of those at all right we are

817
00:27:56,240 --> 00:27:59,919
actually operating and building in that

818
00:27:58,000 --> 00:28:02,000
level today uh in

819
00:27:59,919 --> 00:28:03,919
uh in blockchain so polka dot is more

820
00:28:02,000 --> 00:28:05,919
like the internet protocol

821
00:28:03,919 --> 00:28:06,960
and then akala is more of like finance

822
00:28:05,919 --> 00:28:09,360
focused uh

823
00:28:06,960 --> 00:28:10,640
infrastructure uh to to route the

824
00:28:09,360 --> 00:28:13,279
payments and also

825
00:28:10,640 --> 00:28:14,559
to be able to uh support many of those

826
00:28:13,279 --> 00:28:16,960
uh situations

827
00:28:14,559 --> 00:28:18,080
so i think uh if you if you think in a

828
00:28:16,960 --> 00:28:21,039
few years time

829
00:28:18,080 --> 00:28:22,799
uh a user or maybe my mom and dad would

830
00:28:21,039 --> 00:28:24,799
just like swipe their debit card or

831
00:28:22,799 --> 00:28:28,080
credit card like what they use it today

832
00:28:24,799 --> 00:28:31,120
right um i think the future will be uh

833
00:28:28,080 --> 00:28:31,840
hi-fi so you know d5 and c5 all merge

834
00:28:31,120 --> 00:28:34,880
together

835
00:28:31,840 --> 00:28:36,960
as a hybrid finance as hi-fi so my mom

836
00:28:34,880 --> 00:28:40,159
and dad will probably still interface

837
00:28:36,960 --> 00:28:41,520
with many of the familiar providers uh

838
00:28:40,159 --> 00:28:43,200
there could be new ones but they will

839
00:28:41,520 --> 00:28:44,399
still use the similar interface like

840
00:28:43,200 --> 00:28:46,320
swap a credit card

841
00:28:44,399 --> 00:28:48,720
or you know it's an in-app you know

842
00:28:46,320 --> 00:28:50,480
swipe and pay qr code payment

843
00:28:48,720 --> 00:28:51,760
process uh no different from you know

844
00:28:50,480 --> 00:28:52,559
wechat pay or whatever that we are

845
00:28:51,760 --> 00:28:55,840
familiar

846
00:28:52,559 --> 00:28:58,640
with today however behind the scene

847
00:28:55,840 --> 00:28:59,919
it's probably powered by many different

848
00:28:58,640 --> 00:29:02,159
blockchain

849
00:28:59,919 --> 00:29:03,120
applications and services so you can

850
00:29:02,159 --> 00:29:06,000
imagine you know

851
00:29:03,120 --> 00:29:07,200
uh my mom is probably going to uh you

852
00:29:06,000 --> 00:29:10,720
know swipe the car

853
00:29:07,200 --> 00:29:12,559
or save some of the dollars into the car

854
00:29:10,720 --> 00:29:13,919
and that could you know potentially

855
00:29:12,559 --> 00:29:17,120
route it into

856
00:29:13,919 --> 00:29:19,760
uh a carlos uh defy swiss

857
00:29:17,120 --> 00:29:22,399
uh or some of the portfolio uh or

858
00:29:19,760 --> 00:29:24,399
investment vehicle built on top of a car

859
00:29:22,399 --> 00:29:25,679
to make that money work for her right it

860
00:29:24,399 --> 00:29:27,440
could turn into like a

861
00:29:25,679 --> 00:29:30,159
five percent or ten percent savings

862
00:29:27,440 --> 00:29:32,399
account um maybe she's also interested

863
00:29:30,159 --> 00:29:34,399
uh now she's you know hearing me uh

864
00:29:32,399 --> 00:29:36,880
talking about maybe hearing brian

865
00:29:34,399 --> 00:29:37,520
talk about buy bitcoin um and then uh

866
00:29:36,880 --> 00:29:40,159
every

867
00:29:37,520 --> 00:29:40,799
i don't know uh uh five percent of her

868
00:29:40,159 --> 00:29:43,840
saving

869
00:29:40,799 --> 00:29:46,559
goes automatically into bitcoin uh right

870
00:29:43,840 --> 00:29:47,279
um and then maybe uh ten percent goes

871
00:29:46,559 --> 00:29:48,960
into dot

872
00:29:47,279 --> 00:29:50,720
staking youth and then through that

873
00:29:48,960 --> 00:29:52,320
staking you uh automatically get

874
00:29:50,720 --> 00:29:53,840
converted back to daughters

875
00:29:52,320 --> 00:29:56,480
and then she can use that to buy

876
00:29:53,840 --> 00:29:58,960
groceries right um and all of this

877
00:29:56,480 --> 00:30:00,159
will happen within her you know debit

878
00:29:58,960 --> 00:30:02,559
card or just

879
00:30:00,159 --> 00:30:03,679
a simple app that she can see you know

880
00:30:02,559 --> 00:30:06,159
how much dollar in

881
00:30:03,679 --> 00:30:07,279
uh what is the interest rate uh no

882
00:30:06,159 --> 00:30:09,440
probably not much different

883
00:30:07,279 --> 00:30:11,520
apart from you know the financial aspect

884
00:30:09,440 --> 00:30:12,480
looks way better and more liberating but

885
00:30:11,520 --> 00:30:14,559
behind the scene

886
00:30:12,480 --> 00:30:17,039
this is all powered by you know many

887
00:30:14,559 --> 00:30:19,520
different uh networks working together

888
00:30:17,039 --> 00:30:20,880
um and on top of that uh you know folks

889
00:30:19,520 --> 00:30:23,120
probably don't want

890
00:30:20,880 --> 00:30:24,080
their transaction history being seen by

891
00:30:23,120 --> 00:30:26,480
anybody

892
00:30:24,080 --> 00:30:28,000
so this could be you know you go bitcoin

893
00:30:26,480 --> 00:30:30,240
and then jump onto polka dot

894
00:30:28,000 --> 00:30:32,399
jump onto akala and then jump on to you

895
00:30:30,240 --> 00:30:34,240
know fala or some other privacy network

896
00:30:32,399 --> 00:30:36,159
and it comes back with a privacy you

897
00:30:34,240 --> 00:30:37,360
know sort of token that hides all the

898
00:30:36,159 --> 00:30:39,360
transaction history

899
00:30:37,360 --> 00:30:40,880
and but you still you know get whatever

900
00:30:39,360 --> 00:30:43,600
the returns that you get

901
00:30:40,880 --> 00:30:44,960
uh uh through the app right so all i'm

902
00:30:43,600 --> 00:30:48,159
trying to say is like

903
00:30:44,960 --> 00:30:49,440
uh we will gonna become uh the bottom of

904
00:30:48,159 --> 00:30:51,279
the iceberg

905
00:30:49,440 --> 00:30:53,360
and then there will be folks that we

906
00:30:51,279 --> 00:30:54,799
integrate with would deliver the tip of

907
00:30:53,360 --> 00:30:57,679
the iceberg to a

908
00:30:54,799 --> 00:30:59,200
very very uh you know wide mass market

909
00:30:57,679 --> 00:31:02,000
so that that will be

910
00:30:59,200 --> 00:31:02,640
uh ideal i would be very happy to see

911
00:31:02,000 --> 00:31:04,960
that

912
00:31:02,640 --> 00:31:06,320
many many more people like mass market

913
00:31:04,960 --> 00:31:07,840
uh adoption

914
00:31:06,320 --> 00:31:09,679
of what we are building uh today

915
00:31:07,840 --> 00:31:12,640
basically replacing the backbone

916
00:31:09,679 --> 00:31:14,159
of the trefy and then the second thing i

917
00:31:12,640 --> 00:31:18,000
would be hoping to see

918
00:31:14,159 --> 00:31:20,080
is uh we are able to get to our angle

919
00:31:18,000 --> 00:31:22,240
is to actually decentralize and this

920
00:31:20,080 --> 00:31:25,519
network is actually operated

921
00:31:22,240 --> 00:31:28,480
owned and governed by all the people

922
00:31:25,519 --> 00:31:30,159
uh on akala network uh rather than just

923
00:31:28,480 --> 00:31:32,559
a core team right so

924
00:31:30,159 --> 00:31:33,840
uh yeah so those will be the two things

925
00:31:32,559 --> 00:31:35,600
cool

926
00:31:33,840 --> 00:31:36,880
well that's everything i had so thanks

927
00:31:35,600 --> 00:31:38,720
for taking us through

928
00:31:36,880 --> 00:31:41,039
um a little bit more about you and your

929
00:31:38,720 --> 00:31:42,399
career and akala i think i know i

930
00:31:41,039 --> 00:31:43,120
learned something new and i think a lot

931
00:31:42,399 --> 00:31:46,080
of people will

932
00:31:43,120 --> 00:31:48,200
so um thanks for taking the time no

933
00:31:46,080 --> 00:31:51,200
problem thanks for doing this dan

934
00:31:48,200 --> 00:31:51,200
yep