i think... all right, then we have...this conference, man. why did we make this conference? because we like guile a lot. guile versus bandit keith.

AY1 TH-IH1-NG K-AO1-L R-AY1-T DH-EH1 N-W-IY1 HH-AE1 V-IH0 TH-IH0-S K-AA1-N F-ER0 AH0-N S-M-AE1 N-W-AY1 D-IH1 D-W-IY1 M-EY1-K DH-IH1-S K-AA1-N F-ER0 AH0-N-S B-IH0 K-AO1 Z-W-IY1 L-AY1-K G-AY1 L-AH0 L-AA1-T G-AY1-L V-ER1 S-AH0-S B-AE1-N D-AH0-T K-IY1-TH


oh, before that, though. yeah. he might be the only legitimate one throughout [crosstalk] the whole thing.

OW1 B-IH0 F-AO1-R DH-AE1-T DH-OW1 Y-AE1 HH-IY1 M-AY1-T B-IY1 DH-AH0 OW1 N-L-IY0 L-AH0 JH-IH1 T-AH0 M-AH0 T-W-AH1-N TH-R-UW0 AW1-T K-R-AO1-S T-AO1-K DH-AH0 HH-OW1-L TH-IH1-NG


like he has them in a choke hold, like right into a suplex, nothing.

L-AY1-K HH-IY1 HH-AE1-Z DH-EH1 M-IH0 N-AH0 CH-OW1-K HH-OW1-L D-L-AY1 K-R-AY1 T-IH0-N T-UW1 AH0 S-UW1 P-L-EH0-K S-N-AH1 TH-IH0-NG


oh, thank you, mandy. appreciate it a lot. we'll check out your tabletop thing. i know i said i would, caroline will find out what that's [crosstalk].

OW1 TH-AE1-NG K-Y-UW1 M-AE1-N D-IY0 AH0 P-R-IY1 SH-IY0 EY2 T-IH1 T-AH0 L-AA1 T-W-EH1-L CH-EH1 K-AW1 T-Y-AO1-R T-EY1 B-AH0-L T-AA2-P TH-IH1 NG-AY1 N-OW1 AY1 S-EH1 D-AY1 W-UH1-D K-EH1 R-AH0 L-AY2 N-W-IH1-L F-AY1-N D-AW1 T-W-AH1-T TH-AE1-T-S K-R-AO1-S T-AO1-K


[inaudible] kingdom, this is the first rare hunter we meet, because that's what he is at this point.

IH0 N-AO1 D-AH0 B-AH0-L K-IH1-NG D-AH0-M DH-IH1 S-IH1-Z DH-AH0 F-ER1-S T-R-EH1-R HH-AH1-N T-ER0 W-IY1 M-IY1-T B-IH0 K-AO1-Z TH-AE1-T S-W-AH1-T HH-IY1 IH1 Z-AE1-T DH-IH1-S P-OY1-N-T


at some point, joey saves the day... but... ...it solidifies their friendship...

AE1-T S-AH1-M P-OY1-N-T JH-OW1 IY0 S-EY1-V-Z DH-AH0 D-EY1 B-AH1 T-IH1-T S-AH0 L-IH1 D-AH0 F-AY2-Z DH-EH1-R F-R-EH1-N-D SH-IH0-P


because... he's like...bandit keith, you've done too much. your soul's gone. bandit keith... and then he just becomes like a husky.

B-IH0 K-AO1-Z HH-IY1 Z-L-AY1 K-AH0-N B-EY2 D-AH0-M K-IY1 TH-Y-UW1-V D-AH1-N T-UW1 M-AH1 CH-Y-AO1-R S-OW1-L-Z G-AO1-N B-AE1-N D-AH0-T K-IY1 TH-AH0-N-D DH-EH1-N HH-IY1 JH-AH1-S-T B-IH0 K-AH1-M Z-L-AY1 K-AH0 HH-AH1-S K-IY0


how's this, how's this...if you cheat your way to the world championship, you deserve to be all right.

HH-AW1-Z DH-IH1-S HH-AW1-Z TH-IH1 S-IH0 F-Y-UW1 CH-IY1 T-Y-AO1 R-W-EY1 T-UW1 DH-AH0 W-ER1-L-D CH-AE1-M P-IY0 AH0-N SH-IH2 P-Y-UW1 D-IH0 Z-ER1-V T-UW1 B-IY1 AO1-L R-AY1-T


alright. great. so in that matchup, i want to give it to ben and keith, but i think guiles is going to win. i just think guile's too...

AO2-L R-AY1-T G-R-EY1-T S-OW1 IH0-N DH-AE1 T-M-AE1 CH-AH0 P-AY1 W-AA1-N-T T-UW1 G-IH1 V-IH1-T T-UW1 B-EH1 N-AH0-N-D K-IY1-TH B-AH1 T-AY1 TH-IH1-NG-K G-AY1-L Z-IH1-Z G-OW1 IH0-NG T-UW1 W-IH1 N-AY1 JH-AH1-S-T TH-IH1-NG-K G-AY1-L-Z T-UW1


place to do stuff. if you want a military organization to fight the rest of the world, it has to start in america, otherwise america will beat it.

P-L-EY1-S T-UW1 D-UW1-S T-AH1 F-IH1 F-Y-UW1 W-AA1-N T-AH0 M-IH1 L-AH0 T-EH2 R-IY0 AO2-R G-AH0 N-AH0 Z-EY1 SH-AH0-N T-UW1 F-AY1-T DH-AH0 R-EH1-S T-AH1-V DH-AH0 W-ER1-L D-IH1-T HH-AE1-Z T-UW1-S T-AA1-R T-IH0 N-AH0 M-EH1 R-AH0 K-AH0 AH1 DH-ER0 W-AY2 Z-AH0 M-EH1 R-AH0 K-AH0 W-IH1-L B-IY1 T-IH1-T


it's weird. there's no need to make the ninja, also, like just the white guy.

IH1-T S-W-IH1-R-D DH-EH1-R Z-N-OW1 N-IY1-D T-UW1 M-EY1-K DH-AH0 N-IH1-N JH-AH0 AO1-L S-OW0 L-AY1-K JH-AH1-S-T DH-AH0 W-AY1-T G-AY1


not the invisible hand of fate.

N-AA1-T DH-AH0 IH0-N V-IH1 Z-AH0 B-AH0-L HH-AE1-N D-AH1-V F-EY1-T


[inaudible] the cleaner kano. wait kano is in it?

IH0 N-AO1 D-AH0 B-AH0-L DH-AH0 K-L-IY1 N-ER0 K-AA1 N-OW0 W-EY1-T K-AA1 N-OW0 IH1 Z-IH0 N-IH1-T


anybody else that anybody thinks maybe deserves to be talked about more?

EH1 N-IY0 B-AH0 D-IY0 EH1-L-S DH-AE1 T-EH1 N-IY0 B-AH0 D-IY0 TH-IH1-NG-K S-M-EY1 B-IY0 D-IH0 Z-ER1-V-Z T-UW1 B-IY1 T-AO1-K T-AH0 B-AW1 T-M-AO1-R


i don't think he can beat hulk hogan.i think he's got a shot against homer.

AY1 D-AA1-N-T TH-IH1-NG-K HH-IY1 K-AE1-N B-IY1-T HH-AH1-L-K HH-OW0 G-AA1 N-IY0 TH-IH1-NG-K HH-IY1-Z G-AA1 T-AH0 SH-AA1 T-AH0 G-EH1-N-S-T HH-OW1 M-ER0


i think hulk is going to come out. that's my prediction. homer. alright.

AY1 TH-IH1-NG-K HH-AH1-L K-IH1-Z G-OW1 IH0-NG T-UW1 K-AH1 M-AW1-T TH-AE1-T S-M-AY1 P-R-IY0 D-IH1-K SH-AH0-N HH-OW1 M-ER0 AO2-L R-AY1-T


have you ever seen, have you seen rocky three?

HH-AE1 V-Y-UW1 EH1 V-ER0 S-IY1-N HH-AE1 V-Y-UW1 S-IY1 N-R-AA1 K-IY0 TH-R-IY1


and in the ring, you know i'll hit you a few times, you hit me a few times, and then hulk hogan, just like, doesn't understand that. because he's just a...thunder

AH0-N D-IH0-N DH-AH0 R-IH1 NG-Y-UW1 N-OW1 IH1-L HH-IH1 T-Y-UW1 AH0 F-Y-UW1 T-AY1-M Z-Y-UW1 HH-IH1 T-M-IY1 AH0 F-Y-UW1 T-AY1-M Z-AH0-N-D DH-EH1-N HH-AH1-L-K HH-OW1 G-AA2-N JH-AH1-S T-L-AY1-K D-OW1 S-AH0-N T-AH2-N D-ER0-S T-AE1-N-D DH-AE1-T B-IH0 K-AO1-Z HH-IY1-Z JH-AH1-S T-AH0 TH-AH1-N D-ER0


lips is the name of the character...so he's playing hulk hogan pretty much. he's not playing terry vallejo, but he, terry vallejo is the actor who he is.

L-IH1-P S-IH1-Z DH-AH0 N-EY1 M-AH1-V DH-AH0 K-ER0 AA0-K-T S-R-OW1 S-IY0 HH-IY1-Z P-L-EY1 IH0-NG HH-AH1-L-K HH-OW1 G-AA2-N P-R-IH1 T-IY0 M-AH1-CH HH-IY1 Z-N-AA1-T P-L-EY1 IH0-NG T-EH1 R-IY0 V-AA0 L-EY1 Y-OW0 B-AH1-T HH-IY1 T-EH1 R-IY0 V-AA0 L-EY1 Y-OW0 IH1-Z DH-AH0 AE1-K T-ER0 HH-UW1 HH-IY1 IH1-Z


all of that. despite all that. there's no way he's beating captain america.

AO1 L-AH1-V DH-AE1-T D-IH0-S P-AY1 T-AO1-L DH-AE1-T DH-EH1-R Z-N-OW1 W-EY1 HH-IY1-Z B-IY1 T-IH0-NG K-AE1-P T-AH0 N-AH0 M-EH1 R-AH0 K-AH0


just flexible. now captain america's coming out of this conference. i think it's i think captain america and stephen colbert are the most clear cut ones coming out of there.

JH-AH1-S-T F-L-EH1-K S-AH0 B-AH0-L N-AW1 K-AE1-P T-AH0 N-AH0 M-EH1 R-AH0 K-AH0-Z K-AH1 M-IH0 NG-AW1 T-AH1-V DH-IH1-S K-AA1-N F-ER0 AH0-N S-AY1 TH-IH1-NG K-IH1-T S-AY1 TH-IH1-NG-K K-AE1-P T-AH0 N-AH0 M-EH1 R-AH0 K-AH0 AH0-N-D-S T-IY1 V-AH0-N K-OW1-L B-ER0 T-AA1-R DH-AH0 M-OW1-S-T K-L-IH1-R K-AH1 T-W-AH1-N-Z K-AH1 M-IH0 NG-AW1 T-AH1-V DH-EH1-R


yeah. i hate forrest gump. no, it's not. i don't like the movie. i don't like that...

Y-AE1 AY1 HH-EY1-T F-AO1 R-AH0-S-T G-AH1-M P-N-OW1 IH1-T S-N-AA1 T-AY1 D-AA1-N T-L-AY1-K DH-AH0 M-UW1 V-IY0 AY1 D-AA1-N T-L-AY1-K DH-AE1-T


because i don't know which ones was going to go. we talked a lot about hulk hogan. let's talk about homer simpson. we can finish on that. we can end on that one. [crosstalk]

B-IH0 K-AO1 Z-AY1 D-AA1-N T-N-OW1 W-IH1 CH-W-AH1-N Z-W-AA1-Z G-OW1 IH0-NG T-UW1 G-OW1 W-IY1 T-AO1-K T-AH0 L-AA1 T-AH0 B-AW1-T HH-AH1-L-K HH-OW1 G-AA2 N-L-EH1-T-S T-AO1 K-AH0 B-AW1-T HH-OW1 M-ER0 S-IH1-M-P S-AH0 N-W-IY1 K-AE1-N F-IH1 N-IH0 SH-AA1-N DH-AE1 T-W-IY1 K-AE1 N-EH1-N D-AA1-N DH-AE1 T-W-AH1-N K-R-AO1-S T-AO1-K


i have some classic simpsons quotes about america. let's see if any of them are any good.

AY1 HH-AE1-V S-AH1-M K-L-AE1 S-IH0-K S-IH1-M-P S-AH0-N-Z K-W-OW1-T S-AH0 B-AW1 T-AH0 M-EH1 R-AH0 K-AH0 L-EH1-T-S S-IY1 IH1 F-EH1 N-IY0 AH1-V DH-EH1 M-AA1 R-EH1 N-IY0 G-UH1-D


the next thing we'll say about the contest, it's already kind of like a bracket style

DH-AH0 N-EH1-K-S-T TH-IH1 NG-W-EH1-L S-EY1 AH0 B-AW1-T DH-AH0 K-AA1-N T-EH0-S T-IH1-T S-AO0-L R-EH1 D-IY0 K-AY1-N D-AH1 V-L-AY1 K-AH0 B-R-AE1 K-IH0-T-S T-AY1-L


and then you'd go on. but still, the only way to do your thing is brackets. yeah. get it right, people.

AH0-N-D DH-EH1 N-Y-AH1-D G-OW1 AA1-N B-AH1-T-S T-IH1-L DH-AH0 OW1 N-L-IY0 W-EY1 T-UW1 D-UW1 Y-AO1-R TH-IH1 NG-IH1-Z B-R-AE1 K-AH0-T S-Y-AE1 G-EH1 T-IH1 T-R-AY1-T P-IY1 P-AH0-L


it's not going to be like, darn we lost. everyone's going to go, "what happened yesterday that we all forgot about?"

IH1-T S-N-AA1-T G-OW1 IH0-NG T-UW1 B-IY1 L-AY1-K D-AA1-R N-W-IY1 L-AO1-S T-EH1 V-R-IY0 OW2 N-IH0-S G-OW1 IH0-NG T-UW1 G-OW1 W-AH1-T HH-AE1 P-AH0-N D-Y-EH1-S T-ER0 D-EY2 DH-AE1 T-W-IY1 AO1-L F-ER0 G-AA1 T-AH0 B-AW1-T


wow. detroit in particular. i can definitely see a great need there. that's really awesome. so how can people get involved if they want to help somebody on handout?

W-AW1 D-IH0 T-R-OY1 T-IH0-N P-ER0 T-IH1 K-Y-AH0 L-ER0 AY1 K-AE1-N D-EH1 F-AH0 N-AH0 T-L-IY0 S-IY1 AH0 G-R-EY1 T-N-IY1-D DH-EH1-R TH-AE1-T S-R-IH1 L-IY0 AA1 S-AH0-M S-OW1 HH-AW1 K-AE1-N P-IY1 P-AH0-L G-EH1 T-IH0-N V-AA1-L-V D-IH1-F DH-EY1 W-AA1-N-T T-UW1 HH-EH1-L-P S-AH1-M B-AA2 D-IY0 AA1-N HH-AE1-N D-AW2-T


bit seed is selling products that support the decentralized internet.

B-IH1-T S-IY1 D-IH1-Z S-EH1 L-IH0-NG P-R-AA1 D-AH0-K-T-S DH-AE1-T S-AH0 P-AO1-R-T DH-AH0 D-IH0 S-EH1-N T-R-AH0 L-AY2-Z D-IH1-N T-ER0 N-EH2-T


all patreon who send me a copy of their patreon receipt along with a bitcoin address from counterwallet.io are eligible to participate in my ltb coin giveaway program.

AO1-L P-EY1 T-R-IY0 AH0-N HH-UW1 S-EH1-N D-M-IY1 AH0 K-AA1 P-IY0 AH1-V DH-EH1-R P-EY1 T-R-IY0 AH0 N-R-IH0 S-IY1 T-AH0 L-AO1 NG-W-IH1 DH-AH0 B-IH1-T K-AH0 N-AE1 D-R-EH2-S F-R-AH1-M K-AW2-N T-ER0 W-EH1 L-AH0 TH-OW2 AA1 R-EH1 L-AH0 JH-AH0 B-AH0-L T-UW1 P-AA0-R T-IH1 S-AH0 P-EY2 T-IH0-N M-AY1 L-EH1-B T-IY1 K-OY1-N G-IH1 V-AH0 W-EY2 P-R-OW1 G-R-AE2-M


if you're interested in sharing your own perspectives on peer to peer philosophy, technology, and culture, please contact me through the contact page on my website@p2pconnects.us.

IH1 F-Y-UW1 AA1 R-IH1-N T-R-AH0-S T-AH0 D-IH0-N SH-EH1 R-IH0 NG-Y-AO1 R-OW1-N P-ER0-S P-EH1-K T-IH0-V Z-AA1-N P-IH1-R T-UW1 P-IH1-R F-AH0 L-AA1 S-AH0 F-IY0 T-EH0 K-N-AA1 L-AH0 JH-IY0 AH0-N-D K-AH1-L CH-ER0 P-L-IY1-Z K-AA1-N T-AE2-K T-M-IY1 TH-R-UW1 DH-AH0 K-AA1-N T-AE2-K-T P-EY1 JH-AA1-N M-AY1 W-EH1-B S-AY2 T-AE1-T P-IY1 T-UW1 P-AH0-N K-EH1-T-S D-AA1 T-AH1-S


you can follow the show on twitter at p2p connects us, subscribe to the p2p connects us youtube channel at soundcloud page and sign up for email alerts,

Y-UW1 K-AE1-N F-AA1 L-OW0 DH-AH0 SH-OW1 AA1-N T-W-IH1 T-ER0 AE1-T P-IY1 T-UW1 P-IY1 K-AH0 N-EH1-K-T S-AH1-S S-AH0-B-S K-R-AY1-B T-UW1 DH-AH0 P-IY1 T-UW1 P-IY1 K-AH0 N-EH1-K-T S-AH1 S-Y-UW1 T-UW2-B CH-AE1 N-AH0 L-AE1-T S-AW1-N-D K-AH2-L-F P-EY1 JH-AH0-N-D S-AY1 N-AH1-P F-AO1 R-IY0 M-EY1 L-AH0 L-ER1-T-S


motherboard obtained some samples of the accounts being offered in his confirmed that they are still active.

M-AH1 TH-ER0 B-AO2-R D-AH0-B T-EY1-N-D S-AH1-M S-AE1-M P-AH0-L Z-AH1-V DH-AH0 AH0 K-AW1-N-T-S B-IY1 IH0 NG-AO1 F-ER0 D-IH0-N HH-IH1-Z K-AH0-N F-ER1-M-D DH-AE1-T DH-EY1 AA1-R-S T-IH1 L-AE1-K T-IH0-V


it's still unclear where the data came from or just how large the breach was.

IH1-T-S-S T-IH1 L-AH0-N K-L-IH1 R-W-EH1-R DH-AH0 D-EY1 T-AH0 K-EY1-M F-R-AH1 M-AO1-R JH-AH1-S-T HH-AW1 L-AA1-R-JH DH-AH0 B-R-IY1 CH-W-AA1-Z


other personal information exposed on the uber profile can also be obtained by anyone who gains access to these hacked accounts.

AH1 DH-ER0 P-ER1 S-IH0 N-IH0 L-IH2-N F-ER0 M-EY1 SH-AH0 N-IH0-K-S P-OW1-Z D-AA1-N DH-AH0 Y-UW1 B-ER0 P-R-OW1 F-AY2-L K-AE1 N-AO1-L S-OW0 B-IY1 AH0-B T-EY1-N-D B-AY1 EH1 N-IY0 W-AH2-N HH-UW1 G-EY1-N Z-AE1-K S-EH2-S T-UW1 DH-IY1-Z HH-AE1-K T-AH0 K-AW1-N-T-S


these are policy proposals for the short term home rental market popularized by peer-to-peer home sharing marketplaces like airbnb and nine flats.

DH-IY1 Z-AA1-R P-AA1 L-AH0 S-IY0 P-R-AH0 P-OW1 Z-AH0-L-Z F-AO1-R DH-AH0 SH-AO1-R-T T-ER1-M HH-OW1 M-R-EH1-N T-AH0-L M-AA1-R K-AH0-T P-AA1 P-Y-AH0 L-ER0 AY2-Z-D B-AY1 P-IH0 R-OW1-T P-ER0 IY0 HH-OW1-M SH-EH1 R-IH0-NG M-AA1-R K-AH0-T P-L-EY2 S-IH0 Z-L-AY1 K-EH1-R B-N-AH0 N-AH0-N D-N-AY1-N F-L-AE1-T-S


cities already make policies and regulate markets in order to ensure fair access to vital resources,

S-IH1 T-IY0 Z-AO0-L R-EH1 D-IY0 M-EY1-K P-AA1 L-AH0 S-IY0 Z-AH0-N D-R-EH1 G-Y-AH0 L-EY2 T-M-AA1-R K-AH0-T S-IH0 N-AO1-R D-ER0 T-UW1 EH0-N SH-UH1-R F-EH1 R-AE1-K S-EH2-S T-UW1 V-AY1 T-AH0-L R-IY1 S-AO0-R S-IH0-Z


such a ban could lead to arrest against peaceful people, using and developing these platforms,

S-AH1 CH-AH0 B-AE1-N K-UH1 D-L-EH1-D T-UW1 ER0 EH1-S T-AH0 G-EH1-N-S-T P-IY1-S F-AH0-L P-IY1 P-AH0 L-Y-UW1 Z-IH0 NG-AH0-N-D D-IH0 V-EH1 L-AH0 P-IH0-NG DH-IY1-Z P-L-AE1-T F-AO2-R-M-Z


and can see how they would think that these proposals will address their concerns.

AH0-N-D K-AE1-N S-IY1 HH-AW1 DH-EY1 W-UH1-D TH-IH1-NG-K DH-AE1-T DH-IY1-Z P-R-AH0 P-OW1 Z-AH0-L Z-W-IH1 L-AE1 D-R-EH2-S DH-EH1-R K-AH0-N S-ER1-N-Z


prohibit a person from engaging in this state, in the business of virtual currency unquote, without either a license or a special exemption from the state.

P-R-OW0 HH-IH1 B-AH0 T-AH0 P-ER1 S-AH0-N F-R-AH1 M-EH0-N G-EY1 JH-IH0 NG-IH0-N DH-IH1-S-S T-EY1 T-IH0-N DH-AH0 B-IH1 Z-N-AH0 S-AH1-V V-ER1 CH-UW0 AH0-L K-ER1 AH0-N S-IY0 AH1-N K-W-OW1 T-W-IH0 TH-AW1 T-IY1 DH-ER0 AH0 L-AY1 S-AH0-N S-AO1 R-AH0-S P-EH1 SH-AH0 L-IH0-G Z-EH1-M-P SH-AH0-N F-R-AH1-M DH-AH0-S T-EY1-T


i really appreciate terry's bravery and speaking out against this bill and thank him for supporting the petition.

AY1 R-IH1 L-IY0 AH0 P-R-IY1 SH-IY0 EY2-T T-EH1 R-IY0-Z B-R-EY1 V-ER0 IY0 AH0-N-D-S P-IY1 K-IH0 NG-AW1 T-AH0 G-EH1-N-S-T DH-IH1-S B-IH1 L-AH0-N-D TH-AE1-NG-K HH-IH1-M F-AO1-R S-AH0 P-AO1-R T-IH0-NG DH-AH0 P-AH0 T-IH1 SH-AH0-N


the magic word for today's episode is market that's m a r k e t, market.

DH-AH0 M-AE1 JH-IH0 K-W-ER1-D F-AO1-R T-AH0 D-EY1 Z-EH1 P-AH0 S-OW2 D-IH1 Z-M-AA1-R K-AH0-T TH-AE1-T S-EH1 M-AH0 AA1-R K-EY1 IY1 T-IY1 M-AA1-R K-AH0-T


my tiny hint of a claim to fame is that i write economics and finance at a blog called interfluidity that has a certain amount of niche notoriety.

M-AY1 T-AY1 N-IY0 HH-IH1-N T-AH1 V-AH0 K-L-EY1-M T-UW1 F-EY1 M-IH1-Z DH-AE1 T-AY1 R-AY1 T-EH2 K-AH0 N-AA1 M-IH0-K S-AH0-N-D F-AH0 N-AE1-N S-AE1 T-AH0 B-L-AA1-G K-AO1-L D-IH2-N T-ER0 F-L-UW2 D-AH0 T-AY1 AH0-D DH-AE1-T HH-AE1 Z-AH0 S-ER1 T-AH0 N-AH0 M-AW1-N T-AH1 V-N-IH1 CH-N-OW2 T-ER0 AY1 AH0 T-IY0


so for the last year or so, i've become more and more involved in the cryptocurrency slash distributed consensus community

S-OW1 F-AO1-R DH-AH0 L-AE1-S T-Y-IH1 R-AO1-R S-OW1 AY1-V B-IH0 K-AH1-M M-AO1 R-AH0-N D-M-AO1 R-IH0-N V-AA1-L-V D-IH0-N DH-AH0 K-R-IH1 P-AH0 K-Y-AH0 N-ER0 SH-IY0 S-L-AE1-SH D-IH0-S T-R-IH1 B-Y-AH0 T-AH0-D K-AH0-N S-EH1-N S-AH0-S K-AH0 M-Y-UW1 N-AH0 T-IY0


because we can all be a lot of peers, but there can be not much interesting, too, happening between us. we can be atoms or we can just be chaotic in ways that are uninteresting.

B-IH0 K-AO1 Z-W-IY1 K-AE1 N-AO1-L B-IY1 AH0 L-AA1 T-AH1-V P-IH1-R-Z B-AH1-T DH-EH1-R K-AE1-N B-IY1 N-AA1 T-M-AH1 CH-IH1-N T-R-AH0-S T-IH0-NG T-UW1 HH-AE1 P-AH0 N-IH0-NG B-IH0 T-W-IY1 N-AH1 S-W-IY1 K-AE1-N B-IY1 AE1 T-AH0-M Z-AO1 R-W-IY1 K-AE1-N JH-AH1-S-T B-IY1 K-EY0 AA1 T-IH0 K-IH0 N-W-EY1-Z DH-AE1 T-AA1 R-AH0 N-IH1-N T-R-AH0-S T-IH0-NG


but it's one application and putting my sort of economist hat on, it's really a very flawed application and how it's arranged and the things that it claims that it wants to be able to do.

B-AH1 T-IH1-T S-W-AH1 N-AE2 P-L-AH0 K-EY1 SH-AH0 N-AH0-N-D P-AH1 T-IH0-NG M-AY1 S-AO1-R T-AH1 V-IH0 K-AA1 N-AH0 M-IH0-S-T HH-AE1 T-AA1 N-IH1-T S-R-IH1 L-IY0 AH0 V-EH1 R-IY0 F-L-AO1 D-AE2 P-L-AH0 K-EY1 SH-AH0 N-AH0-N-D HH-AW1 IH1-T S-ER0 EY1-N-JH D-AH0-N-D DH-AH0 TH-IH1-NG-Z DH-AE1 T-IH1-T K-L-EY1-M-Z DH-AE1 T-IH1 T-W-AA1-N-T-S T-UW1 B-IY1 EY1 B-AH0-L T-UW1 D-UW1


so i got a little bit excited about bitcoin, but not really all that excited. i was more excited by the architecture.

S-OW1 AY1 G-AA1 T-AH0 L-IH1 T-AH0-L B-IH1 T-IH0-K S-AY1 T-AH0 D-AH0 B-AW1-T B-IH1-T K-AH0-N B-AH1 T-N-AA1 T-R-IH1 L-IY0 AO1-L DH-AE1 T-IH0-K S-AY1 T-AH0 D-AY1 W-AA1 Z-M-AO1 R-IH0-K S-AY1 T-AH0-D B-AY1 DH-AH0 AA1-R K-AH0 T-EH2-K CH-ER0


and so that really excited me. so ethereum i'm still,

AH0-N-D S-OW1 DH-AE1 T-R-IH1 L-IY0 IH0-K S-AY1 T-AH0 D-M-IY1 S-OW1 EH1 TH-R-IY0 AH0 M-IH1-M-S T-IH1-L


which is an architecture i think we should try to get away from.

W-IH1 CH-IH1 Z-AE1 N-AA1-R K-AH0 T-EH2-K CH-ER0 AY1 TH-IH1-NG K-W-IY1 SH-UH1-D T-R-AY1 T-UW1 G-EH1 T-AH0 W-EY1 F-R-AH1-M


so you know, so it's, it's, it's really an exciting moment with, with ethereum because

S-OW1 Y-UW1 N-OW1 S-OW1 IH1-T S-IH1-T S-IH1-T S-R-IH1 L-IY0 AE1 N-IH0-K S-AY1 T-IH0-NG M-OW1 M-AH0-N T-W-IH1 DH-W-IH1 DH-EH1 TH-R-IY0 AH0-M B-IH0 K-AO1-Z


if the platform works as advertised and works well, which has a big if,

IH1-F DH-AH0 P-L-AE1-T F-AO2-R M-W-ER1-K S-AE1 Z-AE1-D V-ER0 T-AY2-Z D-AH0-N D-W-ER1-K S-W-EH1 L-W-IH1-CH HH-AE1 Z-AH0 B-IH1 G-IH1-F


in a way there, there, there are too many. i mean,

IH0 N-AH0 W-EY1 DH-EH1-R DH-EH1-R DH-EH1 R-AA1-R T-UW1 M-EH1 N-IY0 AY1 M-IY1-N


the knowledge and interests of much broader publics into effective political action...that's

DH-AH0 N-AA1 L-AH0 JH-AH0-N D-IH1-N T-R-AH0-S-T S-AH1 V-M-AH1-CH B-R-AO1 D-ER0 P-AH1 B-L-IH0-K S-IH0-N T-UW1 IH0 F-EH1-K T-IH0-V P-AH0 L-IH1 T-AH0 K-AH0 L-AE1-K T-IY0 AE2 TH-AH0-N-T-S


smart political action...both from the perspective of being strategically effective and being good policy.

S-M-AA1-R-T P-AH0 L-IH1 T-AH0 K-AH0 L-AE1-K SH-AH0 N-AO2-B-TH F-R-AH1-M DH-AH0 P-ER0-S P-EH1-K T-IH0 V-AH1-V B-IY1 IH0-NG-S T-R-AH0 T-IY1 JH-IH0 K-L-IY0 IH0 F-EH1-K T-IH0 V-AH0-N-D B-IY1 IH0-NG G-UH1-D P-AA1 L-AH0 S-IY0


so that's what i would love to see, come from platforms like ethereum

S-OW1 TH-AE1-T S-W-AH1 T-AY1 W-UH1 D-L-AH1-V T-UW1 S-IY1 K-AH1-M F-R-AH1-M P-L-AE1-T F-AO2-R-M Z-L-AY1 K-EH1 TH-R-IY0 AH0-M


that may or may not have incentives or may or may not have its heart in...in putting the interest of that community upfront.

DH-AE1 T-M-EY1 AO1-R M-EY1 N-AA1-T HH-AE1 V-IH0-N S-EH1-N T-IH0-V Z-AO1-R M-EY1 AO1-R M-EY1 N-AA1-T HH-AE1 V-IH1-T-S HH-AA1-R T-IH1 N-IH0-N P-AH1 T-IH0-NG DH-AH0 IH1-N T-R-AH0-S T-AH1-V DH-AE1-T K-AH0 M-Y-UW1 N-AH0 T-IY0 AH1-P F-R-AH2-N-T


so i'd really like to see the kind of web 2.0, you know, this is cliche in the ethereum community,

S-OW1 IH1 D-R-IH1 L-IY0 L-AY1-K T-UW1 S-IY1 DH-AH0 K-AY1-N D-AH1 V-W-EH1-B T-UW1 P-OY1-N T-OW1 Y-UW1 N-OW1 DH-IH1 S-IH1-Z K-L-IY0 SH-EY1 IH0-N DH-AH0 EH1 TH-R-IY0 AH0-M K-AH0 M-Y-UW1 N-AH0 T-IY0


just analyze their data and aggregate and all of that and giving the value of that back to the community and giving control of those platforms back to the community that actually creates the value.

JH-AH1-S T-AE1 N-AH0 L-AY2-Z DH-EH1-R D-EY1 T-AH0 AH0-N D-AE1 G-R-AH0 G-AH0 T-AH0-N D-AO1 L-AH1-V DH-AE1 T-AH0-N-D G-IH1 V-IH0-NG DH-AH0 V-AE1 L-Y-UW0 AH1-V DH-AE1-T B-AE1-K T-UW1 DH-AH0 K-AH0 M-Y-UW1 N-AH0 T-IY0 AH0-N-D G-IH1 V-IH0-NG K-AH0-N T-R-OW1 L-AH1-V DH-OW1-Z P-L-AE1-T F-AO2-R-M-Z B-AE1-K T-UW1 DH-AH0 K-AH0 M-Y-UW1 N-AH0 T-IY0 DH-AE1 T-AE1-K CH-AH0 W-AH0 L-IY0 K-R-IY0 EY1-T-S DH-AH0 V-AE1 L-Y-UW0


yeah and so this podcast, p2p connects us, is syndicated on the let's talk bitcoin network,

Y-AE1 AH0-N-D S-OW1 DH-IH1-S P-OW1-D K-AE2-S-T P-IY1 T-UW1 P-IY1 K-AH0 N-EH1-K-T S-AH1 S-IH1-Z S-IH1-N D-IH0 K-EY2 T-IH0 D-AA1-N DH-AH0 L-EH1-T-S T-AO1-K B-IH1-T K-AH0-N N-EH1 T-W-ER2-K


obviously because we're still in a web 2.0 kind of paradigm, the website itself is centrally hosted and managed.

AA1-B V-IY0 AH0 S-L-IY0 B-IH0 K-AO1 Z-W-ER0-S T-IH1 L-IH0 N-AH0 W-EH1-B T-UW1 P-OY1-N T-OW1 K-AY1-N D-AH1-V P-EH1 R-AH0 D-AY2-M DH-AH0 W-EH1-B S-AY2 T-IH0-T S-EH1-L F-IH1-Z S-EH1-N T-R-AH0 L-IY0 HH-OW1-S T-IH0 D-AH0-N D-M-AE1 N-AH0-JH-D


i'm not so familiar. we have offline had a couple of conversations about it, but i don't know all that much, but generally i think

IH1-M N-AA1-T S-OW1 F-AH0 M-IH1 L-Y-ER0 W-IY1 HH-AE1 V-AO1 F-L-AY2-N HH-AE1 D-AH0 K-AH1 P-AH0 L-AH1-V K-AA2-N V-ER0 S-EY1 SH-AH0-N Z-AH0 B-AW1 T-IH1-T B-AH1 T-AY1 D-AA1-N T-N-OW1 AO1-L DH-AE1 T-M-AH1-CH B-AH1-T JH-EH1 N-ER0 AH0 L-IY0 AY1 TH-IH1-NG-K


community script or tokens specific to some particular group of people or application.

K-AH0 M-Y-UW1 N-AH0 T-IY0-S K-R-IH1-P T-AO1-R T-OW1 K-AH0-N-Z-S P-AH0 S-IH1 F-IH0-K T-UW1 S-AH1-M P-ER0 T-IH1 K-Y-AH0 L-ER0 G-R-UW1 P-AH1-V P-IY1 P-AH0 L-AO1 R-AE2 P-L-AH0 K-EY1 SH-AH0-N


and again, it's where i'm really hopeful that a platform like ethereum will really be helpful because...but

AH0-N D-AH0 G-EH1 N-IH1-T S-W-EH1 R-IH1 M-R-IH1 L-IY0 HH-OW1-P F-AH0-L DH-AE1 T-AH0 P-L-AE1-T F-AO2-R M-L-AY1 K-EH1 TH-R-IY0 AH0 M-W-IH1-L R-IH1 L-IY0 B-IY1 HH-EH1-L-P F-AH0-L B-IH0 K-AO1-Z B-Y-UW0-T


again...the question of ownership of who really owns the thing is, it's pretty important.

EY1 G-AH0-N-TH K-W-EH1-S CH-AH0 N-AH1 V-OW1 N-ER0 SH-IH2 P-AH1-V HH-UW1 R-IH1 L-IY0 OW1-N-Z DH-AH0 TH-IH1 NG-IH1 Z-IH1-T-S P-R-IH1 T-IY0 IH0-M P-AO1-R T-AH0-N-T


'cause i know that's just, it's a marketing thing managed by the issuer, managed by an airline and they'll mess with it.

K-AA1 Z-AY1 N-OW1 TH-AE1-T-S JH-AH1-S T-IH1-T S-AH0 M-AA1-R K-AH0 T-IH0-NG TH-IH1-NG M-AE1 N-AH0-JH-D B-AY1 DH-AH0 IH1 SH-UW0 ER0 M-AE1 N-AH0-JH-D B-AY1 AE1 N-EH1-R L-AY2 N-AH0-N-D TH-EY1-L M-EH1 S-W-IH1 DH-IH1-T


and you know, i prefer to have the token than to not have it. i'd like to get a free flight sometime,

AH0-N D-Y-UW1 N-OW1 AY1 P-R-AH0 F-ER1 T-UW1 HH-AE1-V DH-AH0 T-OW1 K-AH0-N DH-AE1-N T-UW1 N-AA1-T HH-AE1 V-IH1 T-IH1 D-L-AY1-K T-UW1 G-EH1 T-AH0 F-R-IY1 F-L-AY1-T S-AH1-M T-AY2-M


but it's not really a profound change.

B-AH1 T-IH1-T S-N-AA1 T-R-IH1 L-IY0 AH0 P-R-OW0 F-AW1-N-D CH-EY1-N-JH


and so that's, right away a little bit more pro social, but the, the

AH0-N-D S-OW1 TH-AE1-T S-R-AY1 T-AH0 W-EY1 AH0 L-IH1 T-AH0-L B-IH1 T-M-AO1-R P-R-OW1 S-OW1 SH-AH0-L B-AH1-T DH-AH0 DH-AH0


marketing for all kinds of things to happen.

M-AA1-R K-AH0 T-IH0-NG F-AO1 R-AO1-L K-AY1-N-D Z-AH1-V TH-IH1-NG-Z T-UW1 HH-AE1 P-AH0-N


and all of a sudden the character of what started out as very smartly arranged...all

AH0-N D-AO1 L-AH1 V-AH0 S-AH1 D-AH0-N DH-AH0 K-EH1 R-IH0-K T-ER0 AH1 V-W-AH1-T-S T-AA1-R T-AH0 D-AW1 T-AE1-Z V-EH1 R-IY0 S-M-AA1-R T-L-IY0 ER0 EY1-N-D G-EY0-L-D


of the subtle misbehavior that lots of us associate with web 2.0 platforms...but

AH1-V DH-AH0 S-AH1 T-AH0-L M-IH2-S B-AH0 HH-EY1 V-Y-ER0 DH-AE1 T-L-AA1-T S-AH1 V-AH1 S-AH0 S-OW1 S-IY0 EY2 T-W-IH1 DH-W-EH1-B T-UW1 P-OY1-N T-OW1 P-L-EY1-T F-R-AO2-M-P-SH-T


with something like ltb coin, the problem right now is that it's a great idea, but what if it's exceeded really well and actually being the ltb coin, issuer became really valuable? what would happen?

W-IH1-DH S-AH1-M TH-IH0 NG-L-AY1 K-L-EH1-B T-IY1 K-OY1-N DH-AH0 P-R-AA1 B-L-AH0 M-R-AY1 T-N-AW1 IH1-Z DH-AE1 T-IH1-T S-AH0 G-R-EY1 T-AY0 D-IY1 AH0 B-AH1 T-W-AH1 T-IH1 F-IH1-T S-IH0-K S-IY1 D-AH0 D-R-IH1 L-IY0 W-EH1 L-AH0-N D-AE1-K CH-AH0 W-AH0 L-IY0 B-IY1 IH0-NG DH-AH0 L-EH1-B T-IY1 K-OY1 N-IH1 SH-UW0 ER0 B-IH0 K-EY1 M-R-IH1 L-IY0 V-AE1 L-Y-AH0 B-AH0 L-W-AH1 T-W-UH1-D HH-AE1 P-AH0-N


but the people were great with lots of...you know, the google guys i think were awesome when they started...i don't think it's highly of them anymore,

B-AH1-T DH-AH0 P-IY1 P-AH0 L-W-ER0 G-R-EY1 T-W-IH1 DH-L-AA1-T S-AO1 F-Y-UW0 N-OW1 DH-AH0 G-UW1 G-AH0-L G-AY1 Z-AY1 TH-IH1-NG K-W-ER0 AA1 S-AH0 M-W-EH1-N DH-EY1-S T-AA0-R T-EH1 D-IY0 D-AA1-N-T TH-IH1-NG K-IH1-T-S HH-AY1 L-IY0 AH1-V DH-EH1 M-EH2 N-IY0 M-AO1-R


but that's not to say that there's anything wrong with them as people

B-AH1-T TH-AE1-T S-N-AA1-T T-UW1 S-EY1 DH-AE1-T DH-EH1-R Z-EH1 N-IY0 TH-IH2 NG-R-AO1 NG-W-IH1-DH DH-EH1 M-AE1-Z P-IY1 P-AH0-L


it's that, we should be really excited to have

IH1-T-S DH-AE1 T-W-IY1 SH-UH1-D B-IY1 R-IH1 L-IY0 IH0-K S-AY1 T-AH0-D T-UW1 HH-AE1-V


institutions that can stand to succeed, that don't always have to be marginal and experimental.

IH2-N-S T-IH0 T-UW1 SH-AH0-N-Z DH-AE1-T K-AE1-N-S T-AE1-N-D T-UW1 S-AH0-K S-IY1-D DH-AE1-T D-AA1-N T-AO1 L-W-EY2-Z HH-AE1-V T-UW1 B-IY1 M-AA1-R JH-AH0 N-AH0 L-AH0-N D-IH0-K-S P-EH2 R-IH0 M-EH1-N T-AH0-L


yeah. so i've talked about ltb coin before on the show,

Y-AE1 S-OW1 AY1-V T-AO1-K T-AH0 B-AW1 T-L-EH1-B T-IY1 K-OY1-N B-IH0 F-AO1 R-AA1-N DH-AH0 SH-OW1


the basic idea behind the ltb coin,

DH-AH0 B-EY1 S-IH0 K-AY0 D-IY1 AH0 B-IH0 HH-AY1-N-D DH-AH0 L-EH1-B T-IY1 K-OY1-N


which is given away to content creators on the platform, as well as people who participate in the online communities...and

W-IH1 CH-IH1-Z G-IH1 V-AH0 N-AH0 W-EY1 T-UW1 K-AH0-N T-EH1-N-T K-R-IY0 EY1 T-ER0 Z-AA1-N DH-AH0 P-L-AE1-T F-AO2-R M-AE1 Z-W-EH1 L-AE1-Z P-IY1 P-AH0-L HH-UW1 P-AA0-R T-IH1 S-AH0 P-EY2 T-IH0-N DH-AH0 AO1 N-L-AY2-N K-AH0 M-Y-UW2 N-AH0-S T-EY1 SH-AH0-N-D


they specify all of the ways that you can earn ltb coin...and

DH-EY1-S P-EH1 S-AH0 F-AY2 AO1 L-AH1-V DH-AH0 W-EY1-Z DH-AE1 T-Y-UW1 K-AE1 N-ER1 N-L-EH1-B T-IY1 K-OY1 N-AH0-N-D


i believe it's going to be maybe two or three years from now that that supply tapers off

AY1 B-IH0 L-IY1 V-IH1-T-S G-OW1 IH0-NG T-UW1 B-IY1 M-EY1 B-IY0 T-UW1 AO1-R TH-R-IY1 Y-IH1-R-Z F-R-AH1-M N-AW1 DH-AE1-T DH-AE1-T S-AH0 P-L-AY1 T-EY1 P-ER0 Z-AO1-F


and it will actually take ltb coin to run one of these swap bots if you want to run it yourself.

AH0-N D-IH1 T-W-IH1 L-AE1-K CH-AH0 W-AH0 L-IY0 T-EY1 K-L-EH1-B T-IY1 K-OY1-N T-UW1 R-AH1 N-W-AH1 N-AH1-V DH-IY1-Z S-W-AA1-P B-AA1-T S-IH1 F-Y-UW1 W-AA1-N-T T-UW1 R-AH1 N-IH1 T-Y-ER0 S-EH1-L-F


well, the first thing to notice is it sounds like it eventually wants to become the most basic kind of token, right? which is an "i owe you one" token

W-EH1-L DH-AH0 F-ER1-S-T TH-IH1-NG T-UW1 N-OW1 T-AH0 S-IH1 Z-IH1-T S-AW1-N-D Z-L-AY1 K-IH1 T-IH0 V-EH1-N CH-AH0 W-AH0 L-IY0 W-AA1-N-T-S T-UW1 B-IH0 K-AH1-M DH-AH0 M-OW1-S-T B-EY1 S-IH0-K K-AY1-N D-AH1-V T-OW1 K-AH0 N-R-AY1 T-W-IH1 CH-IH1 Z-AE1 N-AY1 OW1 Y-UW1 W-AH1-N T-OW1 K-AH0-N


that deserves to be paid in some way and they give you a token.

DH-AE1-T D-IH0 Z-ER1-V-Z T-UW1 B-IY1 P-EY1 D-IH0-N S-AH1 M-W-EY1 AH0-N-D DH-EY1 G-IH1 V-Y-UW1 AH0 T-OW1 K-AH0-N


i don't really need to have my name on the network, but somebody else might want that.

AY1 D-AA1-N T-R-IH1 L-IY0 N-IY1-D T-UW1 HH-AE1 V-M-AY1 N-EY1 M-AA1-N DH-AH0 N-EH1 T-W-ER2-K B-AH1-T S-AH1-M B-AA2 D-IY0 EH1-L S-M-AY1 T-W-AA1-N-T DH-AE1-T


and so the exchange value of the token will then depend in a pretty direct way on how much people value the services that the network can provide, that use value.

AH0-N-D S-OW1 DH-AH0 IH0-K-S CH-EY1-N-JH V-AE1 L-Y-UW0 AH1-V DH-AH0 T-OW1 K-AH0 N-W-IH1-L DH-EH1-N D-IH0 P-EH1-N D-IH0 N-AH0 P-R-IH1 T-IY0 D-ER0 EH1-K T-W-EY1 AA1-N HH-AW1 M-AH1-CH P-IY1 P-AH0-L V-AE1 L-Y-UW0 DH-AH0 S-ER1 V-AH0 S-AH0-Z DH-AE1-T DH-AH0 N-EH1 T-W-ER2-K K-AE1-N P-R-AH0 V-AY1-D DH-AE1 T-Y-UW1-S V-AE1 L-Y-UW0


that would be like, you know trying to, if the main service network provides the people for the token and it's something like sponsorship advertising,

DH-AE1 T-W-UH1-D B-IY1 L-AY1 K-Y-UW1 N-OW1 T-R-AY1 IH0-NG T-UW1 IH1-F DH-AH0 M-EY1-N S-ER1 V-AH0 S-N-EH1 T-W-ER2-K P-R-AH0 V-AY1-D-Z DH-AH0 P-IY1 P-AH0-L F-AO1-R DH-AH0 T-OW1 K-AH0 N-AH0-N D-IH1-T-S S-AH1-M TH-IH0 NG-L-AY1-K-S P-AA1-N S-ER0 SH-IH2 P-AE1-D V-ER0 T-AY2 Z-IH0-NG


you can kind of put a floor on the use value of the token by kind of imagining that all the tokens are going to be used for sponsorships.

Y-UW1 K-AE1-N K-AY1-N D-AH1-V P-UH1 T-AH0 F-L-AO1 R-AA1-N DH-AH0 Y-UW1-S V-AE1 L-Y-UW0 AH1-V DH-AH0 T-OW1 K-AH0-N B-AY1 K-AY1-N D-AH1 V-IH0 M-AE1 JH-AH0 N-IH0-NG DH-AE1 T-AO1-L DH-AH0 T-OW1 K-AH0-N Z-AA1-R G-OW1 IH0-NG T-UW1 B-IY1 Y-UW1-Z-D F-AO1-R-S P-AA1-N S-ER0 SH-IH2-P-S


there are some tricky things about thinking about how the flow works. what happens when the tokens are paid? are they redeemed and disappear? are they paid to other people? there are details in there.

DH-EH1 R-AA1-R S-AH1-M T-R-IH1 K-IY0 TH-IH1-NG Z-AH0 B-AW1-T TH-IH1-NG K-IH0 NG-AH0 B-AW1-T HH-AW1 DH-AH0 F-L-OW1 W-ER1-K S-W-AH1-T HH-AE1 P-AH0-N Z-W-EH1-N DH-AH0 T-OW1 K-AH0-N Z-AA1-R P-EY1 D-AA1-R DH-EY1 R-IH0 D-IY1-M D-AH0-N-D D-IH2 S-AH0 P-IH1 R-AA1-R DH-EY1 P-EY1-D T-UW1 AH1 DH-ER0 P-IY1 P-AH0-L DH-EH1 R-AA1-R D-IH0 T-EY1-L Z-IH0-N DH-EH1-R


that would be more of a floor than a ceiling. because

DH-AE1 T-W-UH1-D B-IY1 M-AO1 R-AH1 V-AH0 F-L-AO1-R DH-AE1 N-AH0 S-IY1 L-IH0-NG B-IH0 K-AO1-Z


that tends to, in an unstable way, but at least for a while,

DH-AE1-T T-EH1-N-D-Z T-UW1 IH0 N-AE1 N-AH0-N-S T-EY1 B-AH0 L-W-EY1 B-AH1 T-AE1 T-L-IY1-S-T F-AO1 R-AH0 W-AY1-L


the value of bitcoin is higher than it would otherwise be if all bitcoin that had ever been mined was actively circulated.

DH-AH0 V-AE1 L-Y-UW0 AH1-V B-IH1-T K-AH0 N-IH1-Z HH-AY1 ER0 DH-AE1 N-IH1 T-W-UH1 D-AH1 DH-ER0 W-AY2-Z B-IY1 IH1 F-AO1-L B-IH1-T K-AH0-N DH-AE1-T HH-AE1 D-EH1 V-ER0 B-IH1-N M-AY1-N D-W-AA1 Z-AE1-K T-IH0 V-L-IY0 S-ER1 K-Y-AH0 L-EY2 T-AH0-D


uh-huh (affirmative). i think it's a mistake to rely, for most tokens, to rely upon that kind of value as a source of value.

Y-UW1 HH-UW0 AH0 F-ER1 M-AH0 T-IH0 V-AY1 TH-IH1-NG K-IH1-T S-AH0 M-IH0-S T-EY1-K T-UW1 R-IH0 L-AY1 F-AO1-R M-OW1-S-T T-OW1 K-AH0-N-Z T-UW1 R-IH0 L-AY1 AH0 P-AA1-N DH-AE1-T K-AY1-N D-AH1-V V-AE1 L-Y-UW0 AE1 Z-AH0 S-AO1-R S-AH1-V V-AE1 L-Y-UW0


the only reason to really bring it up as to say that the fundamental values are floor.

DH-AH0 OW1 N-L-IY0 R-IY1 Z-AH0-N T-UW1 R-IH1 L-IY0 B-R-IH1 NG-IH1 T-AH1 P-AE1-Z T-UW1 S-EY1 DH-AE1-T DH-AH0 F-AH2-N D-AH0 M-EH1-N T-AH0-L V-AE1 L-Y-UW0 Z-AA1-R F-L-AO1-R


then the network should actually sell more tokens into the demand,

DH-EH1-N DH-AH0 N-EH1 T-W-ER2-K SH-UH1 D-AE1-K CH-AH0 W-AH0 L-IY0 S-EH1-L M-AO1-R T-OW1 K-AH0-N Z-IH0-N T-UW1 DH-AH0 D-IH0 M-AE1-N-D


and use the proceeds of that to do things that will enhance the value of the network over time.

AH0-N D-Y-UW1-Z DH-AH0 P-R-OW1 S-IY0-D Z-AH1-V DH-AE1-T T-UW1 D-UW1 TH-IH1-NG-Z DH-AE1 T-W-IH1 L-EH0-N HH-AE1-N-S DH-AH0 V-AE1 L-Y-UW0 AH1-V DH-AH0 N-EH1 T-W-ER2 K-OW1 V-ER0 T-AY1-M


if they issue stock to acquire other firms that offer assets to them that will increase the longterm value of the firm

IH1-F DH-EY1 IH1 SH-UW0-S T-AA1-K T-UW1 AH0 K-W-AY1 ER0 AH1 DH-ER0 F-ER1-M-Z DH-AE1 T-AO1 F-ER0 AE1 S-EH2-T-S T-UW1 DH-EH1-M DH-AE1 T-W-IH1 L-IH2-N K-R-IY1-S DH-AH0 L-AO1-NG T-ER2-M V-AE1 L-Y-UW0 AH1-V DH-AH0 F-ER1-M


that then support the token from the bottom and increase its fundamental value.

DH-AE1-T DH-EH1-N S-AH0 P-AO1-R-T DH-AH0 T-OW1 K-AH0-N F-R-AH1-M DH-AH0 B-AA1 T-AH0 M-AH0-N D-IH2-N K-R-IY1 S-IH1-T-S F-AH2-N D-AH0 M-EH1-N T-AH0-L V-AE1 L-Y-UW0


so that would be the kind of thing i would think that a network like ltb might try to think about, and consider building into its model.

S-OW1 DH-AE1 T-W-UH1-D B-IY1 DH-AH0 K-AY1-N D-AH1-V TH-IH1 NG-AY1 W-UH1-D TH-IH1-NG-K DH-AE1 T-AH0 N-EH1 T-W-ER2 K-L-AY1 K-L-EH1-B T-IY1 M-AY1-T T-R-AY1 T-UW1 TH-IH1-NG K-AH0 B-AW1 T-AH0-N-D K-AH0-N S-IH1 D-ER0 B-IH1-L D-IH0 NG-IH0-N T-UW1 IH1-T S-M-AA1 D-AH0-L


so that like a traditional business ought to do,

S-OW1 DH-AE1 T-L-AY1 K-AH0 T-R-AH0 D-IH1 SH-AH0 N-AH0-L B-IH1 Z-N-AH0 S-AO1-T T-UW1 D-UW1


the odd thing is is that in the traditional finance, this notion of using the issuance of tokens, the issuance of stock in particular...

DH-AH0 AA1-D TH-IH1 NG-IH1 Z-IH1-Z DH-AE1 T-IH0-N DH-AH0 T-R-AH0 D-IH1 SH-AH0 N-AH0-L F-AH0 N-AE1-N-S DH-IH1 S-N-OW1 SH-AH0 N-AH1 V-Y-UW1 Z-IH0-NG DH-AH0 IH1 SH-UW0 AH0-N S-AH1-V T-OW1 K-AH0-N-Z DH-AH0 IH1 SH-UW0 AH0-N S-AH1-V-S T-AA1 K-IH0-N P-ER0 T-IH1 K-Y-AH0 L-ER0


in the crypto asset community, we really have an opportunity to

IH0-N DH-AH0 K-R-IH1-P T-OW0 AE1 S-EH2-T K-AH0 M-Y-UW1 N-AH0 T-IY0 W-IY1 R-IH1 L-IY0 HH-AE1 V-AE1 N-AA2 P-ER0 T-UW1 N-AH0 T-IY0 T-UW1


redo an understandable, but lamentable, historical path

R-IY0 D-UW1 AE1 N-AH2-N D-ER0-S T-AE1-N D-AH0 B-AH0-L B-AH1 T-L-AH0 M-EH1-N T-AH0 B-AH0-L HH-IH0-S T-AO1 R-IH0 K-AH0-L P-AE1-TH


where this idea of you generate value, people get excited about your tokens, and then you use that enthusiasm.

W-EH1-R DH-IH1 S-AY0 D-IY1 AH0 AH1 V-Y-UW1 JH-EH1 N-ER0 EY2-T V-AE1 L-Y-UW0 P-IY1 P-AH0-L G-EH1 T-IH0-K S-AY1 T-AH0 D-AH0 B-AW1 T-Y-AO1-R T-OW1 K-AH0-N Z-AH0-N-D DH-EH1 N-Y-UW1 Y-UW1-Z DH-AE1 T-IH0-N TH-UW1 Z-IY0 AE2 Z-AH0-M


you're going to turn your dream into something real and solid. a thing that-

Y-UH1-R G-OW1 IH0-NG T-UW1 T-ER1 N-Y-AO1-R D-R-IY1 M-IH0-N T-UW1 S-AH1-M TH-IH0 NG-R-IY1 L-AH0-N-D S-AA1 L-AH0 D-AH0 TH-IH1-NG DH-AE1-T


as you said, selling into the demand and then using that newly invested capital to actually invest in things that will improve the longterm.

AE1 Z-Y-UW1 S-EH1-D S-EH1 L-IH0 NG-IH0-N T-UW1 DH-AH0 D-IH0 M-AE1-N D-AH0-N-D DH-EH1 N-Y-UW1 Z-IH0-NG DH-AE1 T-N-UW1 L-IY0 IH0-N V-EH1-S T-AH0-D K-AE1 P-AH0 T-AH0-L T-UW1 AE1-K CH-AH0 W-AH0 L-IY0 IH0-N V-EH1-S T-IH0-N TH-IH1-NG-Z DH-AE1 T-W-IH1 L-IH0-M P-R-UW1-V DH-AH0 L-AO1-NG T-ER2-M


yeah. so i wouldn't want to say it's self-fulfilling because most of the time it won't be fulfilled. most

Y-AE1 S-OW1 AY1 W-UH1 D-L-AH0-N T-W-AA1-N-T T-UW1 S-EY1 IH1-T-S S-EH1-L F-AH1-L F-IH0-NG B-IH0 K-AO1 Z-M-OW1-S T-AH1-V DH-AH0 T-AY1 M-IH1 T-W-OW1-N-T B-IY1 F-UH0-L F-IH1-L D-M-OW1-S-T


businesses fail. and most great ideas,

B-IH1 Z-N-AH0 S-AH0-Z F-EY1 L-AH0-N D-M-OW1-S-T G-R-EY1 T-AY0 D-IY1 AH0-Z


whether they just seem great, and they're not really so great, or whether they're awesome, but very difficult to execute,

W-EH1 DH-ER0 DH-EY1 JH-AH1-S-T S-IY1-M G-R-EY1 T-AH0-N-D TH-EH1-R N-AA1 T-R-IH1 L-IY0 S-OW1 G-R-EY1 T-AO1 R-W-EH1 DH-ER0 TH-EH1 R-AA1 S-AH0-M B-AH1-T V-EH1 R-IY0 D-IH1 F-AH0 K-AH0-L-T T-UW1 EH1-K S-AH0 K-Y-UW2-T


there's never going to be any guarantee. and most speculative enterprises are probably always going to fail.

DH-EH1-R Z-N-EH1 V-ER0 G-OW1 IH0-NG T-UW1 B-IY1 EH1 N-IY0 G-EH2 R-AH0-N T-IY1 AH0-N D-M-OW1-S-T-S P-EH1 K-Y-AH0 L-AH0 T-IH0 V-EH1-N T-ER0 P-R-AY2 Z-IH0 Z-AA1-R P-R-AA1 B-AH0 B-L-IY0 AO1 L-W-EY2-Z G-OW1 IH0-NG T-UW1 F-EY1-L


so hopefully, the tokens that have those real bouts of speculative enthusiasm

S-OW1 HH-OW1-P F-AH0 L-IY0 DH-AH0 T-OW1 K-AH0-N-Z DH-AE1-T HH-AE1-V DH-OW1 Z-R-IY1-L B-AW1-T S-AH1-V-S P-EH1 K-Y-AH0 L-AH0 T-IH0 V-IH0-N TH-UW1 Z-IY0 AE2 Z-AH0-M


are tokens for which at least the dream itself is a good one, a pretty good prospect.

AA1-R T-OW1 K-AH0-N-Z F-AO1 R-W-IH1 CH-AE1 T-L-IY1-S-T DH-AH0 D-R-IY1 M-IH0-T S-EH1-L F-IH1 Z-AH0 G-UH1 D-W-AH1 N-AH0 P-R-IH1 T-IY0 G-UH1-D P-R-AA1-S P-EH0-K-T


people will do their very best with that money, and it doesn't work out.

P-IY1 P-AH0 L-W-IH1-L D-UW1 DH-EH1-R V-EH1 R-IY0 B-EH1-S T-W-IH1-DH DH-AE1 T-M-AH1 N-IY0 AH0-N D-IH1-T D-OW1 S-AH0-N T-W-ER1 K-AW1-T


that's a great distinction. i appreciate you making that clarification.

TH-AE1-T S-AH0 G-R-EY1-T D-IH0-S T-IH1-NG-K SH-AH0 N-AY1 AH0 P-R-IY1 SH-IY0 EY2 T-Y-UW1 M-EY1 K-IH0-NG DH-AE1-T K-L-EH2 R-AH0 F-AH0 K-EY1 SH-AH0-N


another thing that we discussed briefly was this idea of using demurrage as a way to maybe head off inflation.

AH0 N-AH1 DH-ER0 TH-IH1-NG DH-AE1 T-W-IY1 D-IH0-S K-AH1-S-T B-R-IY1 F-L-IY0 W-AA1-Z DH-IH1 S-AY0 D-IY1 AH0 AH1 V-Y-UW1 Z-IH0-NG D-IH0 M-Y-UH1 R-IH0 JH-AE1 Z-AH0 W-EY1 T-UW1 M-EY1 B-IY0 HH-EH1 D-AO1 F-IH0-N F-L-EY1 SH-AH0-N


oh yeah. i see a role for demurrage, particularly in limited supply currencies.

OW1 Y-AE1 AY1 S-IY1 AH0 R-OW1-L F-AO1-R D-IH0 M-Y-UH1 R-IH0-JH P-AA2-R T-IH1 K-Y-AH0 L-ER0 L-IY0 IH0 N-L-IH1 M-AH0 T-AH0-D S-AH0 P-L-AY1 K-ER1 AH0-N S-IY0-Z


so you say, "i'm going to start a limited supply currency."

S-OW1 Y-UW1 S-EY1 IH1-M G-OW1 IH0-NG T-UW1-S T-AA1-R T-AH0 L-IH1 M-AH0 T-AH0-D S-AH0 P-L-AY1 K-ER1 AH0-N S-IY0


and then all of a sudden, over time, whatever the application or collaboration or business or whatever it is that this token

AH0-N-D DH-EH1 N-AO1 L-AH1 V-AH0 S-AH1 D-AH0 N-OW1 V-ER0 T-AY1 M-W-AH2 T-EH1 V-ER0 DH-AH0 AE2 P-L-AH0 K-EY1 SH-AH0 N-AO1-R K-AH0 L-AE2 B-ER0 EY1 SH-AH0 N-AO1-R B-IH1 Z-N-AH0 S-AO1 R-W-AH2 T-EH1 V-ER0 IH1 T-IH1-Z DH-AE1-T DH-IH1-S T-OW1 K-AH0-N


is going to be undergirded by actually succeeds. so sometime in the future.

IH1-Z G-OW1 IH0-NG T-UW1 B-IY1 AH1-N D-ER0 JH-R-EH2-D B-AY1 AE1-K CH-AH0 W-AH0 L-IY0 S-AH0-K S-IY1-D-Z S-OW1 S-AH1-M T-AY2 M-IH0-N DH-AH0 F-Y-UW1 CH-ER0


but early on, lots of really cheap speculators, who didn't do much contributing to the actual value of the enterprise...

B-AH1 T-ER1 L-IY0 AA1 N-L-AA1-T S-AH1 V-R-IH1 L-IY0 CH-IY1-P-S P-EH1 K-Y-AH0 L-EY2 T-ER0-Z HH-UW1 D-IH1 D-AH0-N-T D-UW1 M-AH1-CH K-AH0-N T-R-IH1 B-Y-UW0 T-IH0-NG T-UW1 DH-AH0 AE1-K CH-AH0 W-AH0-L V-AE1 L-Y-UW0 AH1-V DH-AH0 EH1-N T-ER0 P-R-AY2-Z


yeah. so it certainly does happen. it happens in any financial market, any speculative market.

Y-AE1 S-OW1 IH1-T S-ER1 T-AH0 N-L-IY0 D-AH1-Z HH-AE1 P-AH0 N-IH1-T HH-AE1 P-AH0-N Z-IH0 N-EH1 N-IY0 F-AH0 N-AE1-N SH-AH0-L M-AA1-R K-AH0 T-EH1 N-IY0-S P-EH1 K-Y-AH0 L-AH0 T-IH0 V-M-AA1-R K-AH0-T


but it's also not really so fine if the things people get rich from are too disjoint.

B-AH1 T-IH1-T S-AO1-L S-OW0 N-AA1 T-R-IH1 L-IY0 S-OW1 F-AY1 N-IH1-F DH-AH0 TH-IH1-NG-Z P-IY1 P-AH0-L G-EH1 T-R-IH1-CH F-R-AH1 M-AA1-R T-UW1 D-IH0-S JH-OY1-N-T


so in apple's case, for example. apple never issued a fixed token,

S-OW1 IH0 N-AE1 P-AH0-L-Z K-EY1-S F-AO1 R-IH0-G Z-AE1-M P-AH0 L-AE1 P-AH0-L N-EH1 V-ER0 IH1 SH-UW0 D-AH0 F-IH1-K-S-T T-OW1 K-AH0-N


that early token holders would be entirely diluted out.

DH-AE1 T-ER1 L-IY0 T-OW1 K-AH0-N HH-OW1-L D-ER0 Z-W-UH1-D B-IY1 IH0-N T-AY1 ER0 L-IY0 D-AY0 L-UW1 T-AH0 D-AW1-T


it doesn't want to too much recently because it has so much cash

IH1-T D-OW1 S-AH0-N T-W-AA1-N-T T-UW1 T-UW1 M-AH1 CH-R-IY1 S-AH0-N T-L-IY0 B-IH0 K-AO1 Z-IH1-T HH-AE1-Z S-OW1 M-AH1-CH K-AE1-SH


because, from a regulatory and also cultural perspective right now, issuing new shares for cash and secondary offerings is just not done.

B-IH0 K-AO1-Z F-R-AH1 M-AH0 R-EH1 G-Y-AH0 L-AH0 T-AO2 R-IY0 AH0-N D-AO1-L S-OW0 K-AH1-L CH-ER0 AH0-L P-ER0-S P-EH1-K T-IH0 V-R-AY1 T-N-AW1 IH1 SH-UW0 IH0-NG N-UW1 SH-EH1-R-Z F-AO1-R K-AE1 SH-AH0-N-D S-EH1 K-AH0-N D-EH2 R-IY0 AO1 F-ER0 IH0-NG Z-IH1-Z JH-AH1-S T-N-AA1-T D-AH1-N


so yeah, they're not fixed supply. and the important thing is, they're not sort of the best thing in the world. the real

S-OW1 Y-AE1 TH-EH1-R N-AA1-T F-IH1-K-S-T S-AH0 P-L-AY1 AH0-N-D DH-AH0 IH0-M P-AO1-R T-AH0-N-T TH-IH1 NG-IH1-Z TH-EH1-R N-AA1-T S-AO1-R T-AH1-V DH-AH0 B-EH1-S-T TH-IH1 NG-IH0-N DH-AH0 W-ER1-L-D DH-AH0 R-IY1-L


early investors in apple did supply a service that was really important, which is that they were willing to bear a lot of risk for something that at the time was totally nothing.

ER1 L-IY0 IH0-N V-EH1-S T-ER0 Z-IH0 N-AE1 P-AH0-L D-IH1-D S-AH0 P-L-AY1 AH0 S-ER1 V-AH0-S DH-AE1 T-W-AA1 Z-R-IH1 L-IY0 IH0-M P-AO1-R T-AH0-N T-W-IH1 CH-IH1-Z DH-AE1-T DH-EY1 W-ER0 W-IH1 L-IH0-NG T-UW1 B-EH1 R-AH0 L-AA1 T-AH1 V-R-IH1-S-K F-AO1-R S-AH1-M TH-IH0-NG DH-AE1 T-AE1-T DH-AH0 T-AY1 M-W-AA1-Z T-OW1 T-AH0 L-IY0 N-AH1 TH-IH0-NG


and certainly, early token holders sometimes do that as well.

AH0-N-D S-ER1 T-AH0 N-L-IY0 ER1 L-IY0 T-OW1 K-AH0-N HH-OW1-L D-ER0-Z S-AH0-M T-AY1-M-Z D-UW1 DH-AE1 T-AE1 Z-W-EH1-L


and so there's a role for equity, like tokens, that aren't issued very much.

AH0-N-D S-OW1 DH-EH1-R Z-AH0 R-OW1-L F-AO1 R-EH1 K-W-AH0 T-IY0 L-AY1-K T-OW1 K-AH0-N-Z DH-AE1 T-AA1 R-AH0-N T-IH1 SH-UW0-D V-EH1 R-IY0 M-AH1-CH


but most of the tokens that i think we're talking about we're not really asking people to take large bets.

B-AH1 T-M-OW1-S T-AH1-V DH-AH0 T-OW1 K-AH0-N-Z DH-AE1 T-AY1 TH-IH1-NG K-W-ER0 T-AO1 K-IH0 NG-AH0 B-AW1 T-W-ER0 N-AA1 T-R-IH1 L-IY0 AE1-S K-IH0-NG P-IY1 P-AH0-L T-UW1 T-EY1 K-L-AA1-R-JH B-EH1-T-S


and mostly, what we want to do with the tokens, as i understand what the ltb token, is we want to encourage people to actually perform, to do things that add value to the network.

AH0-N D-M-OW1-S T-L-IY0 W-AH1 T-W-IY1 W-AA1-N-T T-UW1 D-UW1 W-IH1-DH DH-AH0 T-OW1 K-AH0-N Z-AE1 Z-AY1 AH2-N D-ER0-S T-AE1-N D-W-AH1-T DH-AH0 L-EH1-B T-IY1 T-OW1 K-AH0 N-IH1 Z-W-IY1 W-AA1-N-T T-UW1 EH0-N K-ER1 IH0-JH P-IY1 P-AH0-L T-UW1 AE1-K CH-AH0 W-AH0 L-IY0 P-ER0 F-AO1-R-M T-UW1 D-UW1 TH-IH1-NG-Z DH-AE1 T-AE1-D V-AE1 L-Y-UW0 T-UW1 DH-AH0 N-EH1 T-W-ER2-K


but another model is to say, "well, we're issuing tokens because we want you to actually provide value directly to our enterprise.

B-AH1 T-AH0 N-AH1 DH-ER0 M-AA1 D-AH0 L-IH1-Z T-UW1 S-EY1 W-EH1 L-W-ER0 IH1 SH-UW0 IH0-NG T-OW1 K-AH0-N-Z B-IH0 K-AO1 Z-W-IY1 W-AA1-N T-Y-UW1 T-UW1 AE1-K CH-AH0 W-AH0 L-IY0 P-R-AH0 V-AY1-D V-AE1 L-Y-UW0 D-ER0 EH1-K T-L-IY0 T-UW1 AW1 ER0 EH1-N T-ER0 P-R-AY2-Z


and so we're going to pay you in tokens for the enterprise." and if that's your model, then this lottery ticket-like behavior is deeply counterproductive.

AH0-N-D S-OW1 W-ER0 G-OW1 IH0-NG T-UW1 P-EY1 Y-UW1 IH0-N T-OW1 K-AH0-N-Z F-AO1-R DH-AH0 EH1-N T-ER0 P-R-AY2 Z-AH0-N D-IH1-F TH-AE1-T S-Y-AO1-R M-AA1 D-AH0-L DH-EH1-N DH-IH1 S-L-AA1 T-ER0 IY0 T-IH1 K-AH0 T-L-AY2-K B-IH0 HH-EY1 V-Y-ER0 IH1-Z D-IY1 P-L-IY0 K-AW1-N T-ER0 P-R-AH0 D-AH2-K T-IH0-V


because as a new entrant, no matter what i do,

B-IH0 K-AO1 Z-AE1 Z-AH0 N-UW1 EH1-N T-R-AH0-N T-N-OW1 M-AE1 T-ER0 W-AH1 T-AY1 D-UW1


i can contribute 1,000 hours of work to the network.

AY1 K-AE1-N K-AH0-N T-R-IH1 B-Y-UW0-T TH-AW1 Z-AH0-N D-AW1 ER0 Z-AH1 V-W-ER1-K T-UW1 DH-AH0 N-EH1 T-W-ER2-K


but somebody who contributed two hours of work to the network in the fifth day

B-AH1-T S-AH1-M B-AA2 D-IY0 HH-UW1 K-AH0-N T-R-IH1 B-Y-UW0 T-IH0-D T-UW1 AW1 ER0 Z-AH1 V-W-ER1-K T-UW1 DH-AH0 N-EH1 T-W-ER2 K-IH0-N DH-AH0 F-IH1-F-TH D-EY1


is going to be rewarded lots more than i am.

IH1-Z G-OW1 IH0-NG T-UW1 B-IY1 R-IH0 W-AO1-R D-IH0 D-L-AA1-T S-M-AO1-R DH-AE1 N-AY1 AE1-M


it just doesn't well-align the incentives of people to tribute with the rewards from contribution,

IH1-T JH-AH1-S-T D-OW1 S-AH0-N T-W-EH1 L-AH0 G-AH0-N DH-AH0 IH0-N S-EH1-N T-IH0-V Z-AH1-V P-IY1 P-AH0-L T-UW1 T-R-IH1 B-Y-UW0 T-W-IH1-DH DH-AH0 R-IH0 W-AO1-R-D-Z F-R-AH1-M K-AA2-N T-R-AH0 B-Y-UW1 SH-AH0-N


to just have a fixed value token, and let people's reward be a matter of happenstance about at what price they purchase that token.

T-UW1 JH-AH1-S-T HH-AE1 V-AH0 F-IH1-K-S-T V-AE1 L-Y-UW0 T-OW1 K-AH0 N-AH0-N D-L-EH1-T P-IY1 P-AH0-L Z-R-IH0 W-AO1-R-D B-IY1 AH0 M-AE1 T-ER0 AH1-V HH-AE1 P-AH0-N-S T-AE2-N S-AH0 B-AW1 T-AE1 T-W-AH1-T P-R-AY1-S DH-EY1 P-ER1 CH-AH0-S DH-AE1-T T-OW1 K-AH0-N


so with something like demurrage, you can say, basically, "look, here's the deal.

S-OW1 W-IH1-DH S-AH1-M TH-IH0 NG-L-AY1-K D-IH0 M-Y-UH1 R-IH0 JH-Y-UW1 K-AE1-N S-EY1 B-EY1 S-IH0 K-L-IY0 L-UH1-K HH-IH1-R-Z DH-AH0 D-IY1-L


we want to basically pay people in tokens.

W-IY1 W-AA1-N-T T-UW1 B-EY1 S-IH0 K-L-IY0 P-EY1 P-IY1 P-AH0 L-IH0-N T-OW1 K-AH0-N-Z


we want a certain contribution. say our blog posts. we want to

W-IY1 W-AA1-N T-AH0 S-ER1 T-AH0-N K-AA2-N T-R-AH0 B-Y-UW1 SH-AH0-N S-EY1 AW1 ER0 B-L-AA1-G P-OW1-S-T S-W-IY1 W-AA1-N-T T-UW1


reward you for a blog post with something that pretty much matches

R-IH0 W-AO1-R D-Y-UW1 F-AO1 R-AH0 B-L-AA1-G P-OW1-S T-W-IH1-DH S-AH1-M TH-IH0-NG DH-AE1-T P-R-IH1 T-IY0 M-AH1 CH-M-AE1 CH-AH0-Z


the sponsorship value, or however we measure the value of the blog post.

DH-AH0-S P-AA1-N S-ER0 SH-IH2-P V-AE1 L-Y-UW0 AO1-R HH-AW2 EH1 V-ER0 W-IY1 M-EH1 ZH-ER0 DH-AH0 V-AE1 L-Y-UW0 AH1-V DH-AH0 B-L-AA1-G P-OW1-S-T


and we can put a dollar figure on it. we want to pay you something that's worth maybe $100 for that blog post."

AH0-N D-W-IY1 K-AE1-N P-UH1 T-AH0 D-AA1 L-ER0 F-IH1 G-Y-ER0 AA1 N-IH1 T-W-IY1 W-AA1-N-T T-UW1 P-EY1 Y-UW1 S-AH1-M TH-IH0-NG TH-AE1-T S-W-ER1 TH-M-EY1 B-IY0 W-AH1-N HH-AH1-N D-R-AH0-D D-AA1 L-ER0-Z F-AO1-R DH-AE1-T B-L-AA1-G P-OW1-S-T


but that amount of tokens has a value that you can understand. well,

B-AH1-T DH-AE1 T-AH0 M-AW1-N T-AH1-V T-OW1 K-AH0-N-Z HH-AE1 Z-AH0 V-AE1 L-Y-UW0 DH-AE1 T-Y-UW1 K-AE1 N-AH2-N D-ER0-S T-AE1-N D-W-EH1-L


one way that you can support that value is you can say, "look." and holders of older token are going to have to give up something that value.

W-AH1 N-W-EY1 DH-AE1 T-Y-UW1 K-AE1-N S-AH0 P-AO1-R-T DH-AE1-T V-AE1 L-Y-UW0 IH1 Z-Y-UW1 K-AE1-N S-EY1 L-UH1 K-AH0-N-D HH-OW1-L D-ER0 Z-AH1 V-OW1-L D-ER0 T-OW1 K-AH0 N-AA1-R G-OW1 IH0-NG T-UW1 HH-AE1-V T-UW1 G-IH1 V-AH1-P S-AH1-M TH-IH0-NG DH-AE1-T V-AE1 L-Y-UW0


we're going to actually take some of those older tokens away or demurrage. we're going to, over time, fractionally decay older tokens

W-ER0 G-OW1 IH0-NG T-UW1 AE1-K CH-AH0 W-AH0 L-IY0 T-EY1-K S-AH1 M-AH1-V DH-OW1 Z-OW1-L D-ER0 T-OW1 K-AH0-N Z-AH0 W-EY1 AO1-R D-IH0 M-Y-UH1 R-IH0 JH-W-ER0 G-OW1 IH0-NG T-UW1 OW1 V-ER0 T-AY1-M F-R-AE1-K SH-AH0 N-AH0 L-IY0 D-AH0 K-EY1 OW1-L D-ER0 T-OW1 K-AH0-N-Z


to make room for new tokens to be more valuable.

T-UW1 M-EY1 K-R-UW1-M F-AO1-R N-UW1 T-OW1 K-AH0-N-Z T-UW1 B-IY1 M-AO1-R V-AE1 L-Y-AH0 B-AH0-L


and the net effect of that is we're basically saying we value current contributions a little bit more than old contributions.

AH0-N-D DH-AH0 N-EH1 T-IH0 F-EH1-K T-AH1-V DH-AE1 T-IH1 Z-W-ER0 B-EY1 S-IH0 K-L-IY0 S-EY1 IH0 NG-W-IY1 V-AE1 L-Y-UW0 K-ER1 AH0-N-T K-AA2-N T-R-AH0 B-Y-UW1 SH-AH0-N Z-AH0 L-IH1 T-AH0-L B-IH1 T-M-AO1-R DH-AE1 N-OW1-L-D K-AA2-N T-R-AH0 B-Y-UW1 SH-AH0-N-Z


so as you get a token, it starts out with the value. and you can sell it now.

S-OW1 AE1 Z-Y-UW1 G-EH1 T-AH0 T-OW1 K-AH0 N-IH1-T-S T-AA1-R-T S-AW1 T-W-IH1-DH DH-AH0 V-AE1 L-Y-UW0 AH0-N D-Y-UW1 K-AE1-N S-EH1 L-IH1 T-N-AW1


but over time, that value is going to dissipate.

B-AH1 T-OW1 V-ER0 T-AY1-M DH-AE1-T V-AE1 L-Y-UW0 IH1-Z G-OW1 IH0-NG T-UW1 D-IH1 S-AH0 P-EY2-T


so you might say, "well, why would anybody ever hold a token that's going to evaporate forever?" well, that's where you really have to think about, does the token have some kind of value from holding?

S-OW1 Y-UW1 M-AY1-T S-EY1 W-EH1 L-W-AY1 W-UH1 D-EH1 N-IY0 B-AH0 D-IY0 EH1 V-ER0 HH-OW1-L D-AH0 T-OW1 K-AH0-N TH-AE1-T-S G-OW1 IH0-NG T-UW1 IH0 V-AE1 P-ER0 EY2-T F-ER0 EH1 V-ER0 W-EH1-L TH-AE1-T S-W-EH1 R-Y-UW1 R-IH1 L-IY0 HH-AE1-V T-UW1 TH-IH1-NG K-AH0 B-AW1-T D-AH1-Z DH-AH0 T-OW1 K-AH0-N HH-AE1-V S-AH1-M K-AY1-N D-AH1-V V-AE1 L-Y-UW0 F-R-AH1-M HH-OW1-L D-IH0-NG


so if the token pays a dividend, or something like that,

S-OW1 IH1-F DH-AH0 T-OW1 K-AH0-N P-EY1 Z-AH0 D-IH1 V-IH0 D-EH2-N D-AO1-R S-AH1-M TH-IH0 NG-L-AY1-K DH-AE1-T


well, then people hold the tokens, not because they expect them to appreciate. they know, actually, their tokens going to decay over time.

W-EH1-L DH-EH1-N P-IY1 P-AH0-L HH-OW1-L-D DH-AH0 T-OW1 K-AH0-N Z-N-AA1-T B-IH0 K-AO1-Z DH-EY1 IH0-K-S P-EH1-K-T DH-EH1-M T-UW1 AH0 P-R-IY1 SH-IY0 EY2-T DH-EY1 N-OW1 AE1-K CH-AH0 W-AH0 L-IY0 DH-EH1-R T-OW1 K-AH0-N-Z G-OW1 IH0-NG T-UW1 D-AH0 K-EY1 OW1 V-ER0 T-AY1-M


but they're going to get a dividend stream that starts out high and decays over time.

B-AH1-T TH-EH1-R G-OW1 IH0-NG T-UW1 G-EH1 T-AH0 D-IH1 V-IH0 D-EH2-N-D-S T-R-IY1-M DH-AE1-T-S T-AA1-R-T S-AW1-T HH-AY1 AH0-N-D D-AH0 K-EY1 Z-OW1 V-ER0 T-AY1-M


and it's that dividend stream that's going to define the value of their token.

AH0-N D-IH1-T-S DH-AE1-T D-IH1 V-IH0 D-EH2-N-D-S T-R-IY1-M TH-AE1-T-S G-OW1 IH0-NG T-UW1 D-IH0 F-AY1-N DH-AH0 V-AE1 L-Y-UW0 AH1-V DH-EH1-R T-OW1 K-AH0-N


and so when you decide how much to pay for the blog posts, you're going to put a value on that dividend stream. and give them the dividends stream that maps to $100.

AH0-N-D S-OW1 W-EH1 N-Y-UW1 D-IH0 S-AY1-D HH-AW1 M-AH1-CH T-UW1 P-EY1 F-AO1-R DH-AH0 B-L-AA1-G P-OW1-S-T S-Y-UW1 AA1-R G-OW1 IH0-NG T-UW1 P-UH1 T-AH0 V-AE1 L-Y-UW0 AA1-N DH-AE1-T D-IH1 V-IH0 D-EH2-N-D-S T-R-IY1 M-AH0-N-D G-IH1-V DH-EH1-M DH-AH0 D-IH1 V-AH0 D-EH2-N-D-Z-S T-R-IY1-M DH-AE1 T-M-AE1-P-S T-UW1 W-AH1-N HH-AH1-N D-R-AH0-D D-AA1 L-ER0-Z


and nobody gets screwed because everybody got paid exactly the value that they expected.

AH0-N D-N-OW1 B-AA2 D-IY2 G-EH1-T-S-S K-R-UW1-D B-IH0 K-AO1 Z-EH1 V-R-IY0 B-AA2 D-IY0 G-AA1-T P-EY1 D-IH0-G Z-AE1-K T-L-IY0 DH-AH0 V-AE1 L-Y-UW0 DH-AE1-T DH-EY1 IH0-K-S P-EH1-K T-AH0-D


and it's just that that value gets paid with a stream of payments. it starts out high and goes down over time.

AH0-N D-IH1-T-S JH-AH1-S-T DH-AE1-T DH-AE1-T V-AE1 L-Y-UW0 G-EH1-T-S P-EY1 D-W-IH1 DH-AH0-S T-R-IY1 M-AH1-V P-EY1 M-AH0-N-T S-IH1-T-S T-AA1-R-T S-AW1-T HH-AY1 AH0-N-D G-OW1-Z D-AW1 N-OW1 V-ER0 T-AY1-M


today, my guest is sound engineer and the owner of audio studio nord in wilhelmshaven, germany, mike rauchfleisch. mike, thanks so much for being here.

T-AH0 D-EY1 M-AY1 G-EH1-S T-IH1-Z S-AW1-N D-EH1-N JH-AH0 N-IH1 R-AH0-N-D DH-AH0 OW1 N-ER0 AH1 V-AA1 D-IY0 OW2-S T-UW1 D-IY0 OW2 N-AO1-R D-IH0 N-W-IH2-L HH-IH0-L M-EH1 SH-AH0-N JH-ER1 M-AH0 N-IY0 M-AY1 K-R-AO1-F K-L-EH2 SH-IH0-NG M-AY1-K TH-AE1-NG-K-S S-OW1 M-AH1-CH F-AO1-R B-IY1 IH0-NG HH-IY1-R


okay, good. yeah. i wanted to ask you how you got your first job in audio. so tell me about that.

OW2 K-EY1 G-UH1 D-Y-AE1 AY1 W-AA1-N T-AH0-D T-UW1 AE1-S K-Y-UW1 HH-AW1 Y-UW1 G-AA1 T-Y-AO1-R F-ER1-S-T JH-AA1 B-IH0 N-AA1 D-IY0 OW2 S-OW1 T-EH1-L M-IY1 AH0 B-AW1-T DH-AE1-T


how do you think germany's going to do in the world cup coming up this summer?

HH-AW1 D-UW1 Y-UW1 TH-IH1-NG-K JH-ER1 M-AH0 N-IY0-Z G-OW1 IH0-NG T-UW1 D-UW1 IH0-N DH-AH0 W-ER1-L-D K-AH1-P K-AH1 M-IH0 NG-AH1-P DH-IH1-S S-AH1 M-ER0


facebook page has 18 ratings, which is new to me. i didn't know that you could rate businesses on facebook. have you always been able to do that or is that recent?

F-EY1-S B-UH2-K P-EY1-JH HH-AE1 Z-EY0 T-IY1 N-R-EY1 T-IH0-NG Z-W-IH1 CH-IH1 Z-N-UW1 T-UW1 M-IY1 AY1 D-IH1 D-AH0-N T-N-OW1 DH-AE1 T-Y-UW1 K-UH1 D-R-EY1-T B-IH1 Z-N-AH0 S-AH0 Z-AA1-N F-EY1-S B-UH2-K HH-AE1 V-Y-UW1 AO1 L-W-EY2-Z B-IH1 N-EY1 B-AH0-L T-UW1 D-UW1 DH-AE1 T-AO1 R-IH1-Z DH-AE1 T-R-IY1 S-AH0-N-T


well, it looks like you are putting some effort into it. you're posting cool photos from your events, and people like that.

W-EH1 L-IH1 T-L-UH1-K S-L-AY1 K-Y-UW1 AA1-R P-AH1 T-IH0-NG S-AH1 M-EH1 F-ER0 T-IH0-N T-UW1 IH1 T-Y-UH1-R P-OW1-S T-IH0-NG K-UW1-L F-OW1 T-OW2-Z F-R-AH1 M-Y-AO1 R-IH0 V-EH1-N-T S-AH0-N-D P-IY1 P-AH0-L L-AY1-K DH-AE1-T


how much cocaine do you give each team member to help them stay up for the entire rave?

HH-AW1 M-AH1-CH K-OW0 K-EY1-N D-UW1 Y-UW1 G-IH1 V-IY1-CH T-IY1-M M-EH1-M B-ER0 T-UW1 HH-EH1-L-P DH-EH1-M-S T-EY1 AH1-P F-AO1-R DH-AH0 IH0-N T-AY1 ER0 R-EY1-V


hi, great to be here. thank you very much for having me.

HH-AY1 G-R-EY1-T T-UW1 B-IY1 HH-IY1-R TH-AE1-NG K-Y-UW1 V-EH1 R-IY0 M-AH1-CH F-AO1-R HH-AE1 V-IH0-NG M-IY1


cool. that's fantastic. well, thank you so much for your time. and i look forward to speaking to you maybe in a year or so, and see where [inaudible] at.

K-UW1-L TH-AE1-T-S F-AE0-N T-AE1-S T-IH0 K-W-EH1-L TH-AE1-NG K-Y-UW1 S-OW1 M-AH1-CH F-AO1 R-Y-AO1-R T-AY1 M-AH0-N D-AY1 L-UH1-K F-AO1 R-W-ER0-D T-UW1-S P-IY1 K-IH0-NG T-UW1 Y-UW1 M-EY1 B-IY0 IH0 N-AH0 Y-IH1 R-AO1-R S-OW1 AH0-N-D S-IY1 W-EH1 R-IH0 N-AO1 D-AH0 B-AH0 L-AE1-T


... an effort to offer people a universal, basic income using blockchain technology.

AE1 N-EH1 F-ER0-T T-UW1 AO1 F-ER0 P-IY1 P-AH0 L-AH0 Y-UW2 N-AH0 V-ER1 S-AH0-L B-EY1 S-IH0 K-IH1-N K-AH2 M-Y-UW1 Z-IH0-NG B-L-AA1-K HH-EY2-N T-EH0 K-N-AA1 L-AH0 JH-IY0


police raids on uber offices in china and france

P-AH0 L-IY1 S-R-EY1-D Z-AA1 N-Y-UW1 B-ER0 AO1 F-AH0 S-AH0 Z-IH0-N CH-AY1 N-AH0 AH0-N-D F-R-AE1-N-S


to build technology that enables people to make a living driving, or conveniently find a ride,

T-UW1 B-IH1-L-D T-EH0 K-N-AA1 L-AH0 JH-IY0 DH-AE1 T-EH0 N-EY1 B-AH0-L-Z P-IY1 P-AH0-L T-UW1 M-EY1 K-AH0 L-IH1 V-IH0-NG D-R-AY1 V-IH0 NG-AO1-R K-AH0-N V-IY1 N-Y-AH0-N T-L-IY0 F-AY1-N D-AH0 R-AY1-D


i'm wary of one size fits all framework.

IH1 M-W-EH1 R-IY0 AH1 V-W-AH1-N S-AY1-Z F-IH1-T S-AO1-L F-R-EY1 M-W-ER2-K


so, kyle, what is neocities?

S-OW1 K-AY1 L-W-AH1 T-IH1 Z-N-IY2 AH0 S-IH1 T-IY0-Z


this is stupid. it's going away, and

DH-IH1 S-IH1-Z-S T-UW1 P-AH0 D-IH1-T-S G-OW1 IH0 NG-AH0 W-EY1 AH0-N-D


oh. you take a picture of yourself eating an ice cream and post it to your wall, or profile, or whatever.

OW1 Y-UW1 T-EY1 K-AH0 P-IH1-K CH-ER0 AH1 V-Y-ER0 S-EH1-L F-IY1 T-IH0 NG-AE1 N-AY1-S K-R-IY1 M-AH0-N-D P-OW1-S T-IH1-T T-UW1 Y-AO1 R-W-AO1 L-AO1-R P-R-OW1 F-AY2 L-AO1 R-W-AH2 T-EH1 V-ER0


yeah. the whole thing is just ridiculous to me,

Y-AE1 DH-AH0 HH-OW1-L TH-IH1 NG-IH1-Z JH-AH1-S T-R-IH0 D-IH1 K-Y-AH0 L-AH0-S T-UW1 M-IY1


but i have some of them on my backup drive. and i was looking at my old sites, and i was like, "wow, that's actually really cool. that's a nice little, fun little, site." and

B-AH1 T-AY1 HH-AE1-V S-AH1 M-AH1-V DH-EH1 M-AA1-N M-AY1 B-AE1 K-AH2-P D-R-AY1 V-AH0-N D-AY1 W-AA1 Z-L-UH1 K-IH0 NG-AE1 T-M-AY1 OW1-L-D S-AY1-T S-AH0-N D-AY1 W-AA1 Z-L-AY1 K-W-AW1 TH-AE1-T S-AE1-K CH-AH0 W-AH0 L-IY0 R-IH1 L-IY0 K-UW1-L TH-AE1-T S-AH0 N-AY1 S-L-IH1 T-AH0-L F-AH1 N-L-IH1 T-AH0-L S-AY1 T-AH0-N-D


make it so that you can arrange the content the way you want. and not just make it about you.

M-EY1 K-IH1-T S-OW1 DH-AE1 T-Y-UW1 K-AE1 N-ER0 EY1-N-JH DH-AH0 K-AA1-N T-EH0-N-T DH-AH0 W-EY1 Y-UW1 W-AA1-N T-AH0-N D-N-AA1-T JH-AH1-S T-M-EY1 K-IH1 T-AH0 B-AW1 T-Y-UW1


it could just be your personal site. it could be anything. and that's what's cool about it is. it gives you that creative control to be able to make things.

IH1-T K-UH1-D JH-AH1-S-T B-IY1 Y-AO1-R P-ER1 S-IH0 N-IH0-L S-AY1 T-IH1-T K-UH1-D B-IY1 EH1 N-IY0 TH-IH2 NG-AH0-N-D TH-AE1-T S-W-AH0-T-S K-UW1 L-AH0 B-AW1 T-IH1 T-IH1 Z-IH1-T G-IH1-V Z-Y-UW1 DH-AE1-T K-R-IY0 EY1 T-IH0-V K-AH0-N T-R-OW1-L T-UW1 B-IY1 EY1 B-AH0-L T-UW1 M-EY1-K TH-IH1-NG-Z


and now that we have modern technology, like html5 and css, it also renders very beautifully.

AH0-N D-N-AW1 DH-AE1 T-W-IY1 HH-AE1 V-M-AA1 D-ER0-N T-EH0 K-N-AA1 L-AH0 JH-IY0 L-AY1-K T-AH1 M-AH0-L F-AY1 V-AH0-N-D-K S-EH1 S-IH1 T-AO1-L S-OW0 R-EH1-N D-ER0-Z V-EH1 R-IY0 B-Y-UW1 T-AH0 F-L-IY0


and if you want to move it to another site, it's really easy to just click. literally on neocities, you click one button to download a zip file of all the files.

AH0-N D-IH1 F-Y-UW1 W-AA1-N-T T-UW1 M-UW1 V-IH1-T T-UW1 AH0 N-AH1 DH-ER0 S-AY1 T-IH1-T S-R-IH1 L-IY0 IY1 Z-IY0 T-UW1 JH-AH1-S-T K-L-IH1 K-L-IH1 T-ER0 AH0 L-IY0 AA1-N N-IY2 AH0 S-IH1 T-IY0 Z-Y-UW1 K-L-IH1 K-W-AH1-N B-AH1 T-AH0-N T-UW1 D-AW1 N-L-OW2 D-AH0 Z-IH1-P F-AY1 L-AH1 V-AO1-L DH-AH0 F-AY1-L-Z


that was okay. we're bringing it back. but the most important thing we need to do is not make it look like a.

DH-AE1 T-W-AA1 Z-OW2 K-EY1 W-ER0 B-R-IH1 NG-IH0 NG-IH1-T B-AE1-K B-AH1-T DH-AH0 M-OW1-S T-IH0-M P-AO1-R T-AH0-N-T TH-IH1 NG-W-IY1 N-IY1-D T-UW1 D-UW1 IH1 Z-N-AA1 T-M-EY1 K-IH1 T-L-UH1 K-L-AY1 K-AH0


and this is one of the most exciting things i've ever seen in my career as a developer.

AH0-N-D DH-IH1 S-IH1 Z-W-AH1 N-AH1-V DH-AH0 M-OW1-S T-IH0-K S-AY1 T-IH0-NG TH-IH1-NG Z-AY1 V-EH1 V-ER0 S-IY1 N-IH0-N M-AY1 K-ER0 IH1 R-AE1 Z-AH0 D-IH0 V-EH1 L-AH0 P-ER0


the distributed database was the real innovation there. it was

DH-AH0 D-IH0-S T-R-IH1 B-Y-AH0 T-AH0-D D-EY1 T-AH0 B-EY2 S-W-AA1-Z DH-AH0 R-IY1 L-IH2 N-AH0 V-EY1 SH-AH0-N DH-EH1 R-IH1 T-W-AA1-Z


what he said. this isn't civilization.

W-AH1-T HH-IY1 S-EH1-D DH-IH1 S-IH1 S-AH0-N-T S-IH2 V-AH0 L-IH0 Z-EY1 SH-AH0-N


they didn't think into the longterm. and so, the vikings were a culture, but they weren't a civilization.

DH-EY1 D-IH1 D-AH0-N-T TH-IH1-NG K-IH0-N T-UW1 DH-AH0 L-AO1-NG T-ER2 M-AH0-N-D S-OW1 DH-AH0 V-AY1 K-IH0-NG Z-W-ER0 AH0 K-AH1-L CH-ER0 B-AH1-T DH-EY1 W-EH1 R-AH0-N T-AH0 S-IH2 V-AH0 L-IH0 Z-EY1 SH-AH0-N


so you wouldn't write books if you weren't, or build temples or build cities-

S-OW1 Y-UW1 W-UH1 D-L-AH0-N T-R-AY1-T B-UH1-K S-IH1 F-Y-UW1 W-EH1 R-AH0-N T-AO1-R B-IH1-L-D T-EH1-M P-AH0-L Z-AO1-R B-IH1-L-D S-IH1 T-IY0-Z


.. and figure out a way to profit off of it. get all the loot, and get the spoils of war and take them back in our ships.

AH0-N-D F-IH1 G-Y-ER0 AW1 T-AH0 W-EY1 T-UW1 P-R-AA1 F-AH0 T-AO1 F-AH1 V-IH1-T G-EH1 T-AO1-L DH-AH0 L-UW1 T-AH0-N-D G-EH1-T DH-AH0-S P-OY1-L Z-AH1 V-W-AO1 R-AH0-N-D T-EY1-K DH-EH1-M B-AE1 K-IH0 N-AW1 ER0 SH-IH1-P-S


do you remember the mr. t versus something craze? do you remember this? does this ring a bell to you?

D-UW1 Y-UW1 R-IH0 M-EH1-M B-ER0 DH-AH0 M-IH1-S T-ER0 T-IY1 V-ER1 S-AH0-S S-AH1-M TH-IH0-NG K-R-EY1-Z D-UW1 Y-UW1 R-IH0 M-EH1-M B-ER0 DH-IH1-S D-AH1-Z DH-IH1 S-R-IH1 NG-AH0 B-EH1-L T-UW1 Y-UW1


[inaudible 00:00:19]. the problem is that the way that the http is designed, you link to other fixed resources.

IH0 N-AO1 D-AH0 B-AH0-L Z-IH1 R-OW0 AW1 ER0-Z Z-IH1 R-OW0 M-IH1 N-AH0-T S-AH0-N D-N-AY1-N T-IY1-N S-EH1 K-AH0-N-D-Z DH-AH0 P-R-AA1 B-L-AH0 M-IH1-Z DH-AE1-T DH-AH0 W-EY1 DH-AE1-T DH-AH0 T-AE1-P T-IY1 IH1-Z D-IH0 Z-AY1-N D-Y-UW1 L-IH1-NG-K T-UW1 AH1 DH-ER0 F-IH1-K-S T-R-IY1 S-AO0-R S-IH0-Z


the original idea behind http was that everyone would have an http server, and then they would communicate with the other http servers.

DH-AH0 ER0 IH1 JH-AH0 N-AH0 L-AY0 D-IY1 AH0 B-IH0 HH-AY1-N-D T-AE1-P T-IY1 W-AA1-Z DH-AE1 T-EH1 V-R-IY0 W-AH2 N-W-UH1-D HH-AE1 V-AE1-N T-AE1-P T-IY1 S-ER1 V-ER0 AH0-N-D DH-EH1-N DH-EY1 W-UH1-D K-AH0 M-Y-UW1 N-AH0 K-EY2 T-W-IH1-DH DH-AH0 AH1 DH-ER0 T-AE1-P T-IY1 S-ER1 V-ER0-Z


another problem is that it allows them to take control of all the stuff that's happening on the internet.

AH0 N-AH1 DH-ER0 P-R-AA1 B-L-AH0 M-IH1-Z DH-AE1 T-IH1 T-AH0 L-AW1-Z DH-EH1-M T-UW1 T-EY1-K K-AH0-N T-R-OW1 L-AH1 V-AO1-L DH-AH0-S T-AH1-F TH-AE1-T-S HH-AE1 P-AH0 N-IH0 NG-AA1-N DH-AH0 IH1-N T-ER0 N-EH2-T


when i built neocities, i made free website hosting. but again, what i did is i inherited that problem because of the technical problems with the web.

W-EH1 N-AY1 B-IH1-L T-N-IY2 AH0 S-IH1 T-IY0 Z-AY1 M-EY1-D F-R-IY1 W-EH1-B S-AY2-T HH-OW1-S T-IH0-NG B-AH1 T-AH0 G-EH1 N-W-AH1 T-AY1 D-IH1 D-IH1 Z-AY1 IH0-N HH-EH1 R-AH0 T-IH0-D DH-AE1-T P-R-AA1 B-L-AH0-M B-IH0 K-AO1 Z-AH1-V DH-AH0 T-EH1 K-N-IH0 K-AH0-L P-R-AA1 B-L-AH0-M Z-W-IH1-DH DH-AH0 W-EH1-B


then it's just gone forever. you'll never find that file again, unless they put it back there.

DH-EH1 N-IH1-T-S JH-AH1-S-T G-AO1-N F-ER0 EH1 V-ER0 Y-UW1-L N-EH1 V-ER0 F-AY1-N-D DH-AE1-T F-AY1 L-AH0 G-EH1 N-AH0 N-L-EH1-S DH-EY1 P-UH1 T-IH1-T B-AE1-K DH-EH1-R


you can use that hash to find the file again.

Y-UW1 K-AE1 N-Y-UW1-Z DH-AE1-T HH-AE1-SH T-UW1 F-AY1-N-D DH-AH0 F-AY1 L-AH0 G-EH1-N


if you're able to do that, even if it didn't exist at google.com/pat.png, you could still get that file.

IH1 F-Y-UH1 R-EY1 B-AH0-L T-UW1 D-UW1 DH-AE1 T-IY1 V-IH0 N-IH1 F-IH1-T D-IH1 D-AH0-N T-IH0-G Z-IH1-S T-AE1-T G-UW1 G-AH0-L-M P-AA2 T-IH0 NG-Y-UW1 K-UH1-D-S T-IH1-L G-EH1-T DH-AE1-T F-AY1-L


for example, distributed hash tables, which is what we use for creating distributed, decentralized networks

F-AO1 R-IH0-G Z-AE1-M P-AH0-L D-IH0-S T-R-IH1 B-Y-AH0 T-AH0-D HH-AE1-SH T-EY1 B-AH0-L Z-W-IH1 CH-IH1 Z-W-AH1 T-W-IY1 Y-UW1-Z F-AO1-R K-R-IY0 EY1 T-IH0-NG D-IH0-S T-R-IH1 B-Y-AH0 T-AH0-D D-IH0 S-EH1-N T-R-AH0 L-AY2-Z D-N-EH1 T-W-ER2-K-S


that can be also hosted in the content.

DH-AE1-T K-AE1-N B-IY1 AO1-L S-OW0 HH-OW1-S T-IH0 D-IH0-N DH-AH0 K-AA1-N T-EH0-N-T


that website will always be accessible. so that's a pretty radical thing because it makes it so that you can create a web that is essentially permanent.

DH-AE1 T-W-EH1-B S-AY2 T-W-IH1 L-AO1 L-W-EY2-Z B-IY1 AE0-K S-EH1 S-AH0 B-AH0-L S-OW1 TH-AE1-T S-AH0 P-R-IH1 T-IY0 R-AE1 D-AH0 K-AH0-L TH-IH1-NG B-IH0 K-AO1 Z-IH1 T-M-EY1-K S-IH1-T S-OW1 DH-AE1 T-Y-UW1 K-AE1-N K-R-IY0 EY1 T-AH0 W-EH1-B DH-AE1 T-IH1 Z-IH0 S-EH1-N SH-AH0 L-IY0 P-ER1 M-AH0 N-AH0-N-T


even if half of the nodes go down, or a lot of people lose interest, or,

IY1 V-IH0 N-IH1-F HH-AE1 F-AH1-V DH-AH0 N-OW1-D-Z G-OW1 D-AW1 N-AO1 R-AH0 L-AA1 T-AH1-V P-IY1 P-AH0-L L-UW1 Z-IH1-N T-R-AH0-S T-AO1-R


i don't know, if some barbarians come in and start burning books or whatever, burning people's computers.

AY1 D-AA1-N T-N-OW1 IH1-F S-AH1-M B-AA0-R B-EH1 R-IY0 AH0-N-Z K-AH1 M-IH0 N-AH0-N-D-S T-AA1-R-T B-ER1 N-IH0-NG B-UH1-K S-AO1 R-W-AH2 T-EH1 V-ER0 B-ER1 N-IH0-NG P-IY1 P-AH0-L-Z K-AH0-M P-Y-UW1 T-ER0-Z


this has a very similar notion. each note id has what's called a pub key hash.

DH-IH1-S HH-AE1 Z-AH0 V-EH1 R-IY0 S-IH1 M-AH0 L-ER0 N-OW1 SH-AH0 N-IY1 CH-N-OW1 T-IH1-D HH-AE1 Z-W-AH0-T-S K-AO1-L D-AH0 P-AH1-B K-IY1 HH-AE1-SH


it would look up that record, that dns record, using the name servers,

IH1 T-W-UH1 D-L-UH1 K-AH1-P DH-AE1 T-R-EH1 K-ER0-D DH-AE1-T D-IY1 EH1-N S-IY1 R-EH1 K-ER0 D-Y-UW1 Z-IH0-NG DH-AH0 N-EY1-M S-ER1 V-ER0-Z


and then get the ipns pub key hash that it's looking for, and then use that to find the ipfs hash that it needs in order to load the site correctly.

AH0-N-D DH-EH1-N G-EH1-T DH-AH0 IH1-N-P-S P-AH1-B K-IY1 HH-AE1-SH DH-AE1 T-IH1-T S-L-UH1 K-IH0-NG F-AO1 R-AH0-N-D DH-EH1 N-Y-UW1-Z DH-AE1-T T-UW1 F-AY1-N-D DH-AH0 IH1-F-S HH-AE1-SH DH-AE1 T-IH1 T-N-IY1-D Z-IH0 N-AO1-R D-ER0 T-UW1 L-OW1-D DH-AH0 S-AY1-T K-ER0 EH1-K T-L-IY0


because the ipfs hash changes every time that you update the content.

B-IH0 K-AO1-Z DH-AH0 IH1-F-S HH-AE1-SH CH-EY1-N JH-AH0 Z-EH1 V-ER0 IY0 T-AY1-M DH-AE1 T-Y-UW1 AH0-P D-EY1-T DH-AH0 K-AA1-N T-EH0-N-T


a few hundred gigabytes or something like that on their laptop hard drive,

AH0 F-Y-UW1 HH-AH1-N D-R-AH0-D G-IH1 G-AH0 B-AY2-T S-AO1-R S-AH1-M TH-IH0 NG-L-AY1-K DH-AE1 T-AA1-N DH-EH1-R L-AE1-P T-AA2-P HH-AA1-R-D D-R-AY1-V


different kinds of implications that would fundamentally change

D-IH1 F-ER0 AH0-N-T K-AY1-N-D Z-AH1 V-IH2-M P-L-AH0 K-EY1 SH-AH0-N-Z DH-AE1 T-W-UH1-D F-AH2-N D-AH0 M-EH1-N T-AH0 L-IY0 CH-EY1-N-JH


on this idea that data can't be deleted?

AA1-N DH-IH1 S-AY0 D-IY1 AH0 DH-AE1-T D-EY1 T-AH0 K-AE1-N-T B-IY1 D-IH0 L-IY1 T-AH0-D


personal pictures hacked or whether it's somebody who has-

P-ER1 S-IH0 N-IH0-L P-IH1-K CH-ER0-Z HH-AE1-K T-AO1 R-W-EH1 DH-ER0 IH1-T-S S-AH1-M B-AA2 D-IY0 HH-UW1 HH-AE1-Z


in terms of actually addressing the morality of that,

IH0-N T-ER1-M Z-AH1 V-AE1-K CH-AH0 W-AH0 L-IY0 AH0 D-R-EH1 S-IH0-NG DH-AH0 M-ER0 AE1 L-AH0 T-IY0 AH1-V DH-AE1-T


and i think that's kind of weird we've been becoming so entrenched into these social networks.

AH0-N D-AY1 TH-IH1-NG-K TH-AE1-T-S K-AY1-N D-AH1 V-W-IH1-R D-W-IY1-V B-IH1-N B-IH0 K-AH1 M-IH0-NG S-OW1 EH0-N T-R-EH1-N-CH T-IH0-N T-UW1 DH-IY1-Z S-OW1 SH-AH0-L N-EH1 T-W-ER2-K-S


developing still, and they don't really have a lot of rule of law, and so you can just

D-IH0 V-EH1 L-AH0 P-IH0-NG-S T-IH1 L-AH0-N-D DH-EY1 D-AA1-N T-R-IH1 L-IY0 HH-AE1 V-AH0 L-AA1 T-AH1 V-R-UW1 L-AH1 V-L-AO1 AH0-N-D S-OW1 Y-UW1 K-AE1-N JH-AH1-S-T


post whatever you want, and then nobody will stop you because the government doesn't care.

P-OW1-S T-W-AH2 T-EH1 V-ER0 Y-UW1 W-AA1-N T-AH0-N-D DH-EH1-N N-OW1 B-AA2 D-IY2 W-IH1-L-S T-AA1 P-Y-UW1 B-IH0 K-AO1-Z DH-AH0 G-AH1 V-ER0 M-AH0-N-T D-OW1 S-AH0-N-T K-EH1-R


but again, i'm not sure how you solve that problem.

B-AH1 T-AH0 G-EH1 N-IH1-M N-AA1-T SH-UH1-R HH-AW1 Y-UW1 S-AA1-L-V DH-AE1-T P-R-AA1 B-L-AH0-M


one of the big changes between the geocities cities internet and the modern internet

W-AH1 N-AH1-V DH-AH0 B-IH1-G CH-EY1-N JH-AH0-Z B-IH0 T-W-IY1-N DH-AH0 JH-IY2 S-AH0 T-IY1 AH0-S S-IH1 T-IY0 Z-IH1-N T-ER0 N-EH2 T-AH0-N-D DH-AH0 M-AA1 D-ER0 N-IH1-N T-ER0 N-EH2-T


to our internet presence, this has been a very interesting development because essentially it's turned us into narcissists.

T-UW1 AW1 ER0 IH1-N T-ER0 N-EH2-T P-R-EH1 Z-AH0-N-S DH-IH1-S HH-AE1-Z B-IH1 N-AH0 V-EH1 R-IY0 IH1-N T-R-AH0-S T-IH0-NG D-IH0 V-EH1 L-AH0 P-M-AH0-N-T B-IH0 K-AO1 Z-IH0 S-EH1-N SH-AH0 L-IY0 IH1-T-S T-ER1-N D-AH1 S-IH0-N T-UW1 N-AA1-R S-AH0 S-AH0-S-T-S


i mean, that's public life in general, right? you look at public figures and that's

AY1 M-IY1-N TH-AE1-T-S P-AH1 B-L-IH0 K-L-AY1 F-IH0-N JH-EH1 N-ER0 AH0-L R-AY1 T-Y-UW1 L-UH1 K-AE1-T P-AH1 B-L-IH0-K F-IH1 G-Y-ER0 Z-AH0-N-D TH-AE1-T-S


just so happened to be experiencing that phenomenon of living in public, in a way.

JH-AH1-S-T S-OW1 HH-AE1 P-AH0-N-D T-UW1 B-IY1 IH0-K-S P-IH1 R-IY0 AH0-N S-IH0-NG DH-AE1-T F-AH0 N-AA1 M-AH0 N-AA2 N-AH1 V-L-IH1 V-IH0 NG-IH0-N P-AH1 B-L-IH0 K-IH0 N-AH0 W-EY1


but they wouldn't actually be able to really attach that to you in any meaningful way,

B-AH1-T DH-EY1 W-UH1 D-L-AH0-N T-AE1-K CH-AH0 W-AH0 L-IY0 B-IY1 EY1 B-AH0-L T-UW1 R-IH1 L-IY0 AH0 T-AE1-CH DH-AE1-T T-UW1 Y-UW1 IH0 N-EH1 N-IY0 M-IY1 N-IH0-NG F-AH0 L-W-EY1


and not just because it gives you that private life that we were losing to the social networks.

AH0-N D-N-AA1-T JH-AH1-S-T B-IH0 K-AO1 Z-IH1-T G-IH1-V Z-Y-UW1 DH-AE1-T P-R-AY1 V-AH0 T-L-AY1-F DH-AE1 T-W-IY1 W-ER0 L-UW1 Z-IH0-NG T-UW1 DH-AH0 S-OW1 SH-AH0-L N-EH1 T-W-ER2-K-S


so for example, let's say that there's a site on neocities ... which by the way, neocities does not require real identity. you can just create an anonymous site. you don't have to put your name on it,

S-OW1 F-AO1 R-IH0-G Z-AE1-M P-AH0-L L-EH1-T-S S-EY1 DH-AE1-T DH-EH1-R Z-AH0 S-AY1 T-AA1-N N-IY2 AH0 S-IH1 T-IY0 Z-W-IH1-CH B-AY1 DH-AH0 W-EY1 N-IY2 AH0 S-IH1 T-IY0-Z D-AH1 Z-N-AA1 T-R-IY2 K-W-AY1 ER0 R-IY1 L-AY0 D-EH1-N T-AH0 T-IY0 Y-UW1 K-AE1-N JH-AH1-S-T K-R-IY0 EY1 T-AE1 N-AH0 N-AA1 N-AH0 M-AH0-S S-AY1 T-Y-UW1 D-AA1-N-T HH-AE1-V T-UW1 P-UH1 T-Y-AO1-R N-EY1 M-AA1 N-IH1-T


you don't put a picture of yourself on it or anything like that. you can if you want, but you don't have to.

Y-UW1 D-AA1-N-T P-UH1 T-AH0 P-IH1-K CH-ER0 AH1 V-Y-ER0 S-EH1-L F-AA1 N-IH1 T-AO1 R-EH1 N-IY0 TH-IH2 NG-L-AY1-K DH-AE1 T-Y-UW1 K-AE1 N-IH1 F-Y-UW1 W-AA1-N-T B-AH1 T-Y-UW1 D-AA1-N-T HH-AE1-V T-UW1


think about it this way. you go to this site. you don't know who made the site. it could be a man, it could be a woman,

TH-IH1-NG K-AH0 B-AW1 T-IH1-T DH-IH1 S-W-EY1 Y-UW1 G-OW1 T-UW1 DH-IH1-S S-AY1 T-Y-UW1 D-AA1-N T-N-OW1 HH-UW1 M-EY1-D DH-AH0 S-AY1 T-IH1-T K-UH1-D B-IY1 AH0 M-AE1 N-IH1-T K-UH1-D B-IY1 AH0 W-UH1 M-AH0-N


which i think is the core of the problem. we're never going to be able to get rid of content on the internet that we don't want on there. i mean, we can try our hardest.

W-IH1 CH-AY1 TH-IH1-NG K-IH1-Z DH-AH0 K-AO1 R-AH1-V DH-AH0 P-R-AA1 B-L-AH0 M-W-ER0 N-EH1 V-ER0 G-OW1 IH0-NG T-UW1 B-IY1 EY1 B-AH0-L T-UW1 G-EH1 T-R-IH1 D-AH1-V K-AA1-N T-EH0-N T-AA1-N DH-AH0 IH1-N T-ER0 N-EH2-T DH-AE1 T-W-IY1 D-AA1-N T-W-AA1-N T-AA1-N DH-EH1 R-AY1 M-IY1 N-W-IY1 K-AE1-N T-R-AY1 AW1 ER0 HH-AA1-R D-AH0-S-T


i think it is an unreasonable thing. i think that we're going to continue to see this problem.

AY1 TH-IH1-NG K-IH1 T-IH1 Z-AE1 N-AH0 N-R-IY1 Z-N-AH0 B-AH0-L TH-IH1 NG-AY1 TH-IH1-NG-K DH-AE1 T-W-ER0 G-OW1 IH0-NG T-UW1 K-AH0-N T-IH1 N-Y-UW0 T-UW1 S-IY1 DH-IH1-S P-R-AA1 B-L-AH0-M


that's what's going to fix that problem, if it is a problem.

TH-AE1-T S-W-AH0-T-S G-OW1 IH0-NG T-UW1 F-IH1-K-S DH-AE1-T P-R-AA1 B-L-AH0 M-IH1 F-IH1 T-IH1 Z-AH0 P-R-AA1 B-L-AH0-M


but in an ipfs system, you're basically knocking on a bunch of random doors and you're like, "hey, can i get this resource?"

B-AH1 T-IH0 N-AE1 N-IH1-F-S S-IH1-S T-AH0 M-Y-UH1-R B-EY1 S-IH0 K-L-IY0 N-AA1 K-IH0 NG-AA1 N-AH0 B-AH1-N CH-AH1 V-R-AE1-N D-AH0-M D-AO1-R Z-AH0-N D-Y-UH1-R L-AY1-K HH-EY1 K-AE1 N-AY1 G-EH1-T DH-IH1 S-R-IY1 S-AO0-R-S


academic papers. but it uses the kademlia dht, or a distributed hash table.

AE2 K-AH0 D-EH1 M-IH0-K P-EY1 P-ER0-Z B-AH1 T-IH1 T-Y-UW1 Z-IH0-Z DH-AH0 K-AH0 D-EH1-M-Y L-AH0 D-AH1 TH-AO1 R-AH0 D-IH0-S T-R-IH1 B-Y-AH0 T-AH0-D HH-AE1-SH T-EY1 B-AH0-L


it takes 20 network hops to ask a network of 10 million nodes, whether it has a specific file, or a hash, or not.

IH1-T T-EY1-K-S T-W-EH1-N T-IY0 N-EH1 T-W-ER2-K HH-AA1-P-S T-UW1 AE1-S K-AH0 N-EH1 T-W-ER2 K-AH1-V T-EH1-N M-IH1 L-Y-AH0-N N-OW1-D Z-W-EH1 DH-ER0 IH1-T HH-AE1 Z-AH0-S P-AH0 S-IH1 F-IH0-K F-AY1 L-AO1 R-AH0 HH-AE1 SH-AO1-R N-AA1-T


so the way that it's designed is that it's very efficient. the lookup mechanism is very efficient and you don't have to bang on ...

S-OW1 DH-AH0 W-EY1 DH-AE1 T-IH1-T-S D-IH0 Z-AY1-N D-IH1-Z DH-AE1 T-IH1-T-S V-EH1 R-IY0 IH0 F-IH1 SH-AH0-N-T DH-AH0 L-UH1 K-AH0 P-M-EH1 K-AH0 N-IH2 Z-AH0 M-IH1-Z V-EH1 R-IY0 IH0 F-IH1 SH-AH0-N T-AH0-N D-Y-UW1 D-AA1-N-T HH-AE1-V T-UW1 B-AE1 NG-AA1-N


with tour, you're required to transfer whatever content's coming through.

W-IH1-DH T-UH1 R-Y-UH1-R R-IY0 K-W-AY1 ER0-D T-UW1 T-R-AE0-N-S F-ER1 W-AH2 T-EH1 V-ER0 K-AA1-N T-EH0-N-T-S K-AH1 M-IH0-NG TH-R-UW1


now, a lot of people are going to complain about that.

N-AW1 AH0 L-AA1 T-AH1-V P-IY1 P-AH0 L-AA1-R G-OW1 IH0-NG T-UW1 K-AH0-M P-L-EY1 N-AH0 B-AW1-T DH-AE1-T


it does use cryptography to communicate with the other nodes, so it's not just sending plain text data through the web.

IH1-T D-AH1 Z-Y-UW1-Z K-R-IH1-P T-AH0 G-R-AE2 F-IY0 T-UW1 K-AH0 M-Y-UW1 N-AH0 K-EY2 T-W-IH1-DH DH-AH0 AH1 DH-ER0 N-OW1-D-Z S-OW1 IH1-T S-N-AA1-T JH-AH1-S-T S-EH1-N D-IH0-NG P-L-EY1-N T-EH1-K-S-T D-EY1 T-AH0 TH-R-UW1 DH-AH0 W-EH1-B


in the future i'm sure if we did switch from http directly to using ipfs,

IH0-N DH-AH0 F-Y-UW1 CH-ER0 IH1-M SH-UH1 R-IH1 F-W-IY1 D-IH1-D S-W-IH1-CH F-R-AH1-M T-AE1-P T-IY1 D-ER0 EH1-K T-L-IY0 T-UW1 Y-UW1 Z-IH0 NG-IH1-F-S


it comes with some political implications that you have to think about.

IH1-T K-AH1-M Z-W-IH1-DH S-AH1-M P-AH0 L-IH1 T-AH0 K-AH0 L-IH2-M P-L-AH0 K-EY1 SH-AH0-N-Z DH-AE1 T-Y-UW1 HH-AE1-V T-UW1 TH-IH1-NG K-AH0 B-AW1-T


a different kind of anonymity system would have to be deployed, or a different combination of existing.

AH0 D-IH1 F-ER0 AH0-N-T K-AY1-N D-AH1 V-AE2 N-AH0 N-IH1 M-IH0 T-IY0 S-IH1-S T-AH0 M-W-UH1-D HH-AE1-V T-UW1 B-IY1 D-IH0 P-L-OY1 D-AO1 R-AH0 D-IH1 F-ER0 AH0-N-T K-AA2-M B-AH0 N-EY1 SH-AH0 N-AH1 V-IH0-G Z-IH1-S T-IH0-NG


it's not too much different than using bittorrent.

IH1-T S-N-AA1-T T-UW1 M-AH1-CH D-IH1 F-ER0 AH0-N-T DH-AE1 N-Y-UW1 Z-IH0-NG B-IH1 T-ER0 AH0-N-T


i guess using bittorrent, if they want to protect their privacy from their peers, then-

AY1 G-EH1 S-Y-UW1 Z-IH0-NG B-IH1 T-ER0 AH0-N T-IH1-F DH-EY1 W-AA1-N-T T-UW1 P-R-AH0 T-EH1-K-T DH-EH1-R P-R-AY1 V-AH0 S-IY0 F-R-AH1-M DH-EH1-R P-IH1-R-Z DH-EH1-N


and to start showing people, "hey, this technology, it's not vaporware. this is a real thing and it works."

AH0-N-D T-UW1-S T-AA1-R-T SH-OW1 IH0-NG P-IY1 P-AH0-L HH-EY1 DH-IH1-S T-EH0 K-N-AA1 L-AH0 JH-IY0 IH1-T S-N-AA1-T V-EY1 P-ER0 W-EH2-R DH-IH1 S-IH1 Z-AH0 R-IY1-L TH-IH1 NG-AH0-N D-IH1 T-W-ER1-K-S


yeah, not replacing your infrastructure, but supplementing it.

Y-AE1 N-AA1 T-R-IH0 P-L-EY1 S-IH0 NG-Y-AO1 R-IH2-N F-R-AH0-S T-R-AH1-K CH-ER0 B-AH1-T S-AH1 P-L-AH0 M-AH0-N T-IH0 NG-IH1-T


its own key and can use that to update their own site.

IH1-T S-OW1-N K-IY1 AH0-N-D K-AE1 N-Y-UW1-Z DH-AE1-T T-UW1 AH0-P D-EY1-T DH-EH1 R-OW1-N S-AY1-T


but they can also be changed forever. the users can use that key to update their neocity site.

B-AH1-T DH-EY1 K-AE1 N-AO1-L S-OW0 B-IY1 CH-EY1-N-JH-D F-ER0 EH1 V-ER0 DH-AH0 Y-UW1 Z-ER0-Z K-AE1 N-Y-UW1-Z DH-AE1-T K-IY1 T-UW1 AH0-P D-EY1-T DH-EH1-R N-AH0 S-OW1 T-IY0 S-AY1-T


i think that that makes a lot more sense than the direction we're going in right now.

AY1 TH-IH1-NG-K DH-AE1-T DH-AE1 T-M-EY1-K S-AH0 L-AA1 T-M-AO1-R S-EH1-N-S DH-AE1-N DH-AH0 D-ER0 EH1-K SH-AH0 N-W-ER0 G-OW1 IH0 NG-IH0 N-R-AY1 T-N-AW1


they don't have our best intentions in mind. they don't have the future of the internet in mind. they're conquers. they're vikings.

DH-EY1 D-AA1-N-T HH-AE1 V-AW1 ER0 B-EH1-S T-IH0-N T-EH1-N CH-AH0-N Z-IH0-N M-AY1-N-D DH-EY1 D-AA1-N-T HH-AE1-V DH-AH0 F-Y-UW1 CH-ER0 AH1-V DH-AH0 IH1-N T-ER0 N-EH2 T-IH0-N M-AY1-N-D TH-EH1-R K-AA1-NG K-ER0-Z TH-EH1-R V-AY1 K-IH0-NG-Z


with that, you start to have a good pattern for realizing whether a technology is a good idea or a bad one.

W-IH1-DH DH-AE1 T-Y-UW1-S T-AA1-R-T T-UW1 HH-AE1 V-AH0 G-UH1-D P-AE1 T-ER0-N F-AO1-R R-IY1 L-AY2 Z-IH0 NG-W-EH1 DH-ER0 AH0 T-EH0 K-N-AA1 L-AH0 JH-IY0 IH1 Z-AH0 G-UH1 D-AY0 D-IY1 AH0 AO1 R-AH0 B-AE1 D-W-AH1-N


for example, bitcoin to me is not a revolution.

F-AO1 R-IH0-G Z-AE1-M P-AH0-L B-IH1-T K-AH0-N T-UW1 M-IY1 IH1 Z-N-AA1 T-AH0 R-EH2 V-AH0 L-UW1 SH-AH0-N


but without having the problem of sites going away when a single resource goes down-

B-AH1 T-W-IH0 TH-AW1-T HH-AE1 V-IH0-NG DH-AH0 P-R-AA1 B-L-AH0 M-AH1-V S-AY1-T-S G-OW1 IH0 NG-AH0 W-EY1 W-EH1 N-AH0 S-IH1-NG G-AH0-L R-IY1 S-AO0-R-S G-OW1-Z D-AW1-N


that's a really great explanation.

TH-AE1-T S-AH0 R-IH1 L-IY0 G-R-EY1 T-EH2-K-S P-L-AH0 N-EY1 SH-AH0-N


what's interesting about ipfs is that when it uses private keys to sign mutable pub key hashes.

W-AH0-T S-IH1-N T-R-AH0-S T-IH0 NG-AH0 B-AW1 T-IH1-F S-IH1-Z DH-AE1 T-W-EH1 N-IH1 T-Y-UW1 Z-IH0-Z P-R-AY1 V-AH0-T K-IY1-Z T-UW1 S-AY1-N M-Y-UW1 T-AH0 B-AH0-L P-AH1-B K-IY1 HH-AE1 SH-AH0-Z


so it's a lot of the same problems. one of the reasons that bitcoin is such a great informer of that is that

S-OW1 IH1-T S-AH0 L-AA1 T-AH1-V DH-AH0 S-EY1-M P-R-AA1 B-L-AH0-M Z-W-AH1 N-AH1-V DH-AH0 R-IY1 Z-AH0-N-Z DH-AE1-T B-IH1-T K-AH0 N-IH1-Z S-AH1 CH-AH0 G-R-EY1 T-IH0-N F-AO1-R M-ER0 AH1-V DH-AE1 T-IH1-Z DH-AE1-T


attackers love to hack into bitcoin stock because they can steal money.

AH0 T-AE1 K-ER0 Z-L-AH1-V T-UW1 HH-AE1 K-IH0-N T-UW1 B-IH1-T K-AH0-N-S T-AA1-K B-IH0 K-AO1-Z DH-EY1 K-AE1-N-S T-IY1-L M-AH1 N-IY0


we've been able to- yeah, it's given an incredible financial incentive to figure out how to properly secure these things.

W-IY1-V B-IH1 N-EY1 B-AH0-L T-UW1 Y-AE1 IH1-T-S G-IH1 V-AH0 N-AE1 N-IH0-N K-R-EH1 D-AH0 B-AH0-L F-AH0 N-AE1-N SH-AH0 L-IH0-N S-EH1-N T-IH0-V T-UW1 F-IH1 G-Y-ER0 AW1-T HH-AW1 T-UW1 P-R-AA1 P-ER0 L-IY0 S-IH0 K-Y-UH1-R DH-IY1-Z TH-IH1-NG-Z


that essentially allows you to create a cryptocurrency.

DH-AE1 T-IH0 S-EH1-N SH-AH0 L-IY0 AH0 L-AW1 Z-Y-UW1 T-UW1 K-R-IY0 EY1 T-AH0 K-R-IH1 P-AH0 K-Y-AH0 N-ER0 SH-IY0


it becomes a lot easier for people to, for example, run a node that represents a cryptocurrency that's built on top of ipfs.

IH1-T B-IH0 K-AH1-M Z-AH0 L-AA1 T-IY1 Z-IY0 ER0 F-AO1-R P-IY1 P-AH0-L T-UW1 F-AO1 R-IH0-G Z-AE1-M P-AH0-L R-AH1 N-AH0 N-OW1-D DH-AE1 T-R-EH2 P-R-AH0 Z-EH1-N-T S-AH0 K-R-IH1 P-AH0 K-Y-AH0 N-ER0 SH-IY0 TH-AE1-T-S B-IH1-L T-AA1-N T-AA1 P-AH1 V-IH1-F-S


one of the things that the protocol labs is working on-

W-AH1 N-AH1-V DH-AH0 TH-IH1-NG-Z DH-AE1-T DH-AH0 P-R-OW1 T-AH0 K-AA2-L L-AE1-B Z-IH1 Z-W-ER1 K-IH0 NG-AA1-N


it's definitely going to be really interesting to watch the evolution of this technology.

IH1-T-S D-EH1 F-AH0 N-AH0 T-L-IY0 G-OW1 IH0-NG T-UW1 B-IY1 R-IH1 L-IY0 IH1-N T-R-AH0-S T-IH0-NG T-UW1 W-AA1-CH DH-AH0 EH2 V-AH0 L-UW1 SH-AH0 N-AH1-V DH-IH1-S T-EH0 K-N-AA1 L-AH0 JH-IY0


so, kyle, i really want to thank you for taking the time to come on the show and talk about your journey in learning about ipfs and deciding to

S-OW1 K-AY1 L-AY1 R-IH1 L-IY0 W-AA1-N-T T-UW1 TH-AE1-NG K-Y-UW1 F-AO1-R T-EY1 K-IH0-NG DH-AH0 T-AY1-M T-UW1 K-AH1 M-AA1-N DH-AH0 SH-OW1 AH0-N-D T-AO1 K-AH0 B-AW1 T-Y-AO1-R JH-ER1 N-IY0 IH0 N-L-ER1 N-IH0 NG-AH0 B-AW1 T-IH1-F S-AH0-N-D D-AH0 S-AY1 D-IH0-NG T-UW1


turn your website into one of the first truly peer-to-peer distributed websites.

T-ER1 N-Y-AO1 R-W-EH1-B S-AY2 T-IH0-N T-UW1 W-AH1 N-AH1-V DH-AH0 F-ER1-S-T T-R-UW1 L-IY0 P-IH0 R-OW1-T P-ER0 IY0 D-IH0-S T-R-IH1 B-Y-AH0 T-AH0 D-W-EH1-B S-AY2-T-S


elucidating the wonders of sound this evening, we're going to find out everything that has to do with what we're hearing here. here. here. here. ...

IH0 L-UW1 S-AH0 D-EY2 T-IH0-NG DH-AH0 W-AH1-N D-ER0 Z-AH1-V S-AW1-N-D DH-IH1 S-IY1 V-N-IH0 NG-W-ER0 G-OW1 IH0-NG T-UW1 F-AY1-N D-AW1 T-EH1 V-R-IY0 TH-IH2-NG DH-AE1-T HH-AE1-Z T-UW1 D-UW1 W-IH1 DH-W-AH1 T-W-ER0 HH-IY1 R-IH0-NG HH-IY1-R HH-IY1-R HH-IY1-R HH-IY1-R


in these two vertebrates.

IH0-N DH-IY1-Z T-UW1 V-ER1 T-AH0 B-R-EY2-T-S


but yet there, there are still these different structures for doing it.

B-AH1 T-Y-EH1-T DH-EH1-R DH-EH1 R-AA1-R-S T-IH1-L DH-IY1-Z D-IH1 F-ER0 AH0-N-T-S T-R-AH1-K CH-ER0-Z F-AO1-R D-UW1 IH0 NG-IH1-T


i know that you have some examples of the songs.

AY1 N-OW1 DH-AE1 T-Y-UW1 HH-AE1-V S-AH1 M-IH0-G Z-AE1-M P-AH0-L Z-AH1-V DH-AH0 S-AO1-NG-Z


so we got the back and forth there, of the two birds, the caller response.

S-OW1 W-IY1 G-AA1-T DH-AH0 B-AE1 K-AH0-N-D F-AO1-R-TH DH-EH1 R-AH1-V DH-AH0 T-UW1 B-ER1-D-Z DH-AH0 K-AO1 L-ER0 R-IH0-S P-AA1-N-S


that feeling between the two. but that was something that people hadn't been able to observe in the field, for example, that we were able to do in captivity.

DH-AE1-T F-IY1 L-IH0-NG B-IH0 T-W-IY1-N DH-AH0 T-UW1 B-AH1-T DH-AE1 T-W-AA1-Z S-AH1-M TH-IH0-NG DH-AE1-T P-IY1 P-AH0-L HH-AE1 D-AH0-N-T B-IH1 N-EY1 B-AH0-L T-UW1 AH0-B Z-ER1 V-IH0-N DH-AH0 F-IY1-L-D F-AO1 R-IH0-G Z-AE1-M P-AH0-L DH-AE1 T-W-IY1 W-ER0 EY1 B-AH0-L T-UW1 D-UW1 IH0-N K-AE0-P T-IH1 V-AH0 T-IY0


got a lot of really good reviews, so thank you for listening to that. chris [inaudible] was awesome.

G-AA1 T-AH0 L-AA1 T-AH1 V-R-IH1 L-IY0 G-UH1 D-R-IY0 V-Y-UW1-Z S-OW1 TH-AE1-NG K-Y-UW1 F-AO1-R L-IH1 S-AH0 N-IH0-NG T-UW1 DH-AE1-T K-R-IH1 S-IH0 N-AO1 D-AH0 B-AH0 L-W-AA1 Z-AA1 S-AH0-M


i think it was at, you know where the amc theater used to be? yes. it was in one of those theaters or whatever.

AY1 TH-IH1-NG K-IH1 T-W-AA1 Z-AE1 T-Y-UW1 N-OW1 W-EH1-R DH-AH0 EY1 EH1-M S-IY1 TH-IY1 AH0 T-ER0 Y-UW1-Z-D T-UW1 B-IY1 Y-EH1 S-IH1 T-W-AA1 Z-IH0 N-W-AH1 N-AH1-V DH-OW1-Z TH-IY1 AH0 T-ER0 Z-AO1 R-W-AH2 T-EH1 V-ER0


you should check it out. so i went and auditioned for broken leg

Y-UW1 SH-UH1-D CH-EH1 K-IH1 T-AW1-T S-OW1 AY1 W-EH1-N T-AH0-N D-AO2 D-IH1 SH-AH0-N-D F-AO1-R B-R-OW1 K-AH0 N-L-EH1-G


and i got the part. once i got the part, i had to start helping with auditions for like the smaller roles.

AH0-N D-AY1 G-AA1-T DH-AH0 P-AA1-R T-W-AH1-N S-AY1 G-AA1-T DH-AH0 P-AA1-R T-AY1 HH-AE1-D T-UW1-S T-AA1-R-T HH-EH1-L P-IH0 NG-W-IH1 DH-AO2 D-IH1 SH-AH0-N-Z F-AO1-R L-AY1-K DH-AH0 S-M-AO1 L-ER0 R-OW1-L-Z


this was my second ever local show. i'm like, "what is going on?" was this

DH-IH1 S-W-AA1 Z-M-AY1 S-EH1 K-AH0-N D-EH1 V-ER0 L-OW1 K-AH0-L SH-OW1 IH1 M-L-AY1 K-W-AH1 T-IH1-Z G-OW1 IH0 NG-AA1 N-W-AA1-Z DH-IH1-S


for good? i don't know.


this is amazing. there's no end to this.

DH-IH1 S-IH1 Z-AH0 M-EY1 Z-IH0-NG DH-EH1-R Z-N-OW1 EH1-N-D T-UW1 DH-IH1-S


okay, hold on. i kind of want to get into film school a bit, because i never went. i just went to regular college.

OW2 K-EY1 HH-OW1-L D-AA1 N-AY1 K-AY1-N D-AH1 V-W-AA1-N-T T-UW1 G-EH1 T-IH0-N T-UW1 F-IH1-L-M-S K-UW1 L-AH0 B-IH1-T B-IH0 K-AO1 Z-AY1 N-EH1 V-ER0 W-EH1-N T-AY1 JH-AH1-S T-W-EH1-N-T T-UW1 R-EH1 G-Y-AH0 L-ER0 K-AA1 L-IH0-JH


only because you're getting paired up with random people, right?

OW1 N-L-IY0 B-IH0 K-AO1 Z-Y-UH1-R G-EH1 T-IH0-NG P-EH1-R D-AH1 P-W-IH1 DH-R-AE1-N D-AH0-M P-IY1 P-AH0-L R-AY1-T


the age difference is huge because i'm 25.

DH-AH0 EY1-JH D-IH1 F-ER0 AH0-N S-IH1-Z HH-Y-UW1-JH B-IH0 K-AO1 Z-AY1 AE1-M T-W-EH1-N T-IY0 F-AY1-V


first of all, i wrote something that actually i love. it was a nice script. it's called rent is due.

F-ER1-S T-AH1 V-AO1 L-AY1 R-OW1-T S-AH1-M TH-IH0-NG DH-AE1 T-AE1-K CH-AH0 W-AH0 L-IY0 AY1 L-AH1 V-IH1 T-W-AA1 Z-AH0 N-AY1-S-S K-R-IH1-P T-IH1-T-S K-AO1-L D-R-EH1-N T-IH1-Z D-UW1


however, she was like, "you can climb the tree in the front yard," which is a little taller.

HH-AW2 EH1 V-ER0 SH-IY1 W-AA1 Z-L-AY1 K-Y-UW1 K-AE1-N K-L-AY1-M DH-AH0 T-R-IY1 IH0-N DH-AH0 F-R-AH1-N T-Y-AA1-R D-W-IH1 CH-IH1 Z-AH0 L-IH1 T-AH0-L T-AO1 L-ER0


i was like- which makes sense. "it's a little taller." thanks, grandma.

AY1 W-AA1 Z-L-AY1 K-W-IH1 CH-M-EY1-K-S S-EH1-N S-IH1-T S-AH0 L-IH1 T-AH0-L T-AO1 L-ER0 TH-AE1-NG-K-S G-R-AE1 M-AA0


the doctor just looked at her like, "you're a terrible parent. are you letting him do this?"

DH-AH0 D-AA1-K T-ER0 JH-AH1-S T-L-UH1-K T-AE1-T HH-ER0 L-AY1 K-Y-UH1 R-AH0 T-EH1 R-AH0 B-AH0-L P-EH1 R-AH0-N T-AA1 R-Y-UW1 L-EH1 T-IH0-NG HH-IH1-M D-UW1 DH-IH1-S


okay, so i do want to get back into the writing thing because it's something i do.

OW2 K-EY1 S-OW1 AY1 D-UW1 W-AA1-N-T T-UW1 G-EH1-T B-AE1 K-IH0-N T-UW1 DH-AH0 R-AY1 T-IH0-NG TH-IH1-NG B-IH0 K-AO1 Z-IH1-T-S S-AH1-M TH-IH0 NG-AY1 D-UW1


writer or comic? what are you picking?

R-AY1 T-ER0 AO1-R K-AA1 M-IH0 K-W-AH1 T-AA1 R-Y-UW1 P-IH1 K-IH0-NG


the one thing i'll tell you is during standup, i'll have my jokes written out, but i'll leave room to explore. you know what i mean?

DH-AH0 W-AH1-N TH-IH1 NG-IH1-L T-EH1 L-Y-UW1 IH1-Z D-UH1 R-IH0-NG-S T-AE1-N D-AH2 P-IH1-L HH-AE1 V-M-AY1 JH-OW1-K S-R-IH1 T-AH0 N-AW1-T B-AH1 T-IH1-L L-IY1 V-R-UW1-M T-UW1 IH0-K-S P-L-AO1 R-Y-UW1 N-OW1 W-AH1 T-AY1 M-IY1-N


yeah. but she has to pay you for it, and go on a date with you

Y-AE1 B-AH1-T SH-IY1 HH-AE1-Z T-UW1 P-EY1 Y-UW1 F-AO1 R-IH1 T-AH0-N-D G-OW1 AA1 N-AH0 D-EY1 T-W-IH1 DH-Y-UW1


for free. hey. why? what is happening? because they live in maricopa. oh.

F-AO1-R F-R-IY1 HH-EY1 W-AY1 W-AH1 T-IH1-Z HH-AE1 P-AH0 N-IH0-NG B-IH0 K-AO1-Z DH-EY1 L-AY1 V-IH0-N M-EH2 R-IH0 K-OW1 P-AH0 OW1


well buy a house out here. there was a strip of every fast food and that was it.

W-EH1-L B-AY1 AH0 HH-AW1 S-AW1-T HH-IY1-R DH-EH1 R-W-AA1 Z-AH0-S T-R-IH1 P-AH1 V-EH1 V-ER0 IY0 F-AE1-S-T F-UW1 D-AH0-N-D DH-AE1 T-W-AA1 Z-IH1-T


it's only in the fast food chains, but now they're putting it out in the stores.

IH1-T S-OW1 N-L-IY0 IH0-N DH-AH0 F-AE1-S-T F-UW1-D CH-EY1-N-Z B-AH1 T-N-AW1 TH-EH1-R P-AH1 T-IH0 NG-IH1 T-AW1 T-IH0-N DH-AH0-S T-AO1-R-Z


the music was so loud. i'm thinking, how am i going to get the fuck out of here? there was a bathroom attendant and everything.

DH-AH0 M-Y-UW1 Z-IH0 K-W-AA1-Z S-OW1 L-AW1 D-IH1-M TH-IH1-NG K-IH0-NG HH-AW1 AE1 M-AY1 G-OW1 IH0-NG T-UW1 G-EH1-T DH-AH0 F-AH1 K-AW1 T-AH1-V HH-IY1-R DH-EH1 R-W-AA1 Z-AH0 B-AE1 TH-R-UW2 M-AH0 T-EH1-N D-AH0-N T-AH0-N D-EH1 V-R-IY0 TH-IH2-NG


well, a lot of it, what it comes down to is just the role. if i'm invested in the role and i'm, "hey, i think this is what i would say," or, "this is what i would do ..."-

W-EH1 L-AH0 L-AA1 T-AH1 V-IH1 T-W-AH1 T-IH1-T K-AH1-M-Z D-AW1-N T-UW1 IH1-Z JH-AH1-S-T DH-AH0 R-OW1 L-IH1 F-IH1 M-IH0-N V-EH1-S T-AH0 D-IH0-N DH-AH0 R-OW1 L-AH0-N D-IH1-M HH-EY1 AY1 TH-IH1-NG-K DH-IH1 S-IH1 Z-W-AH1 T-AY1 W-UH1-D S-EY1 AO1-R DH-IH1 S-IH1 Z-W-AH1 T-AY1 W-UH1-D D-UW1


.. setting it up. so it's the same thing. you got to do your background and everything like that.

S-EH1 T-IH0 NG-IH1 T-AH1-P S-OW1 IH1-T-S DH-AH0 S-EY1-M TH-IH1 NG-Y-UW1 G-AA1-T T-UW1 D-UW1 Y-AO1-R B-AE1-K G-R-AW2-N D-AH0-N D-EH1 V-R-IY0 TH-IH2 NG-L-AY1-K DH-AE1-T


giving that performance really changed it.

G-IH1 V-IH0-NG DH-AE1-T P-ER0 F-AO1-R M-AH0-N S-R-IH1 L-IY0 CH-EY1-N-JH D-IH1-T


he lives in new york and he finished it and he was like, "can you read it?" and i did. and there was some

HH-IY1 L-IH1-V Z-IH0-N N-UW1 Y-AO1-R K-AH0-N-D HH-IY1 F-IH1 N-IH0-SH T-IH1 T-AH0-N-D HH-IY1 W-AA1 Z-L-AY1-K K-AE1 N-Y-UW1 R-EH1 D-IH1 T-AH0-N D-AY1 D-IH1 D-AH0-N-D DH-EH1 R-W-AA1-Z S-AH1-M


genuine things that needed to change for the story to make sense. and i pointed them out and he was like, "oh my god, thank you so much."

JH-EH1 N-Y-AH0 W-AH0-N TH-IH1-NG-Z DH-AE1 T-N-IY1 D-AH0-D T-UW1 CH-EY1-N-JH F-AO1-R DH-AH0-S T-AO1 R-IY0 T-UW1 M-EY1-K S-EH1-N S-AH0-N D-AY1 P-OY1-N T-AH0-D DH-EH1 M-AW1 T-AH0-N-D HH-IY1 W-AA1 Z-L-AY1 K-OW1 M-AY1 G-AA1-D TH-AE1-NG K-Y-UW1 S-OW1 M-AH1-CH


and the punchline on that was that nasa was going to change their name to now assisting suicides apparently. so

AH0-N-D DH-AH0 P-AH1-N CH-L-AY2 N-AA1-N DH-AE1 T-W-AA1-Z DH-AE1 T-N-AE1 S-AH0 W-AA1-Z G-OW1 IH0-NG T-UW1 CH-EY1-N-JH DH-EH1-R N-EY1-M T-UW1 N-AW1 AH0 S-IH1-S T-IH0-NG S-UW1 AH0 S-AY2-D Z-AH0 P-EH1 R-AH0-N T-L-IY0 S-OW1


the suicide note thing was a real dark thing for me to play with.

DH-AH0 S-UW1 AH0 S-AY2 D-N-OW1-T TH-IH1 NG-W-AA1 Z-AH0 R-IY1-L D-AA1-R-K TH-IH1-NG F-AO1-R M-IY1 T-UW1 P-L-EY1 W-IH1-DH


and it is amazing. i can't get enough of it. like after my dentist appointment, i got another pack.

AH0-N D-IH1 T-IH1 Z-AH0 M-EY1 Z-IH0 NG-AY1 K-AE1-N-T G-EH1 T-IH0 N-AH1 F-AH1 V-IH1 T-L-AY1 K-AE1-F T-ER0 M-AY1 D-EH1-N T-AH0-S T-AH0 P-OY1-N T-M-AH0-N T-AY1 G-AA1 T-AH0 N-AH1 DH-ER0 P-AE1-K


it was that for like family feud, you know what i mean? like it's just like, all right, top three answers on the board. what does vegetarians love?

IH1 T-W-AA1-Z DH-AE1-T F-AO1-R L-AY1-K F-AE1 M-AH0 L-IY0 F-Y-UW1 D-Y-UW1 N-OW1 W-AH1 T-AY1 M-IY1 N-L-AY1 K-IH1-T-S JH-AH1-S T-L-AY1 K-AO1-L R-AY1-T T-AA1-P TH-R-IY1 AE1-N S-ER0 Z-AA1-N DH-AH0 B-AO1-R D-W-AH1-T D-AH1-Z V-EH2 JH-AH0 T-EH1 R-IY0 AH0-N Z-L-AH1-V


i don't watch it because i honestly think... like, is it still on for real?

AY1 D-AA1-N T-W-AA1 CH-IH1-T B-IH0 K-AO1 Z-AY1 AA1 N-AH0-S T-L-IY0 TH-IH1-NG K-L-AY1 K-IH1 Z-IH1-T-S T-IH1 L-AA1-N F-AO1-R R-IY1-L


and he was like, "yeah." i was like, "add me on facebook." he was like, "oh, maybe after a sip."

AH0-N-D HH-IY1 W-AA1 Z-L-AY1 K-Y-AE1 AY1 W-AA1 Z-L-AY1 K-AE1 D-M-IY1 AA1-N F-EY1-S B-UH2-K HH-IY1 W-AA1 Z-L-AY1 K-OW1 M-EY1 B-IY0 AE1-F T-ER0 AH0 S-IH1-P


chris's last week was what?

K-R-IH1 S-L-AE1-S T-W-IY1 K-W-AA1 Z-W-AH1-T


all right, where can... you got any shows you want to promote? anything?

AO1-L R-AY1 T-W-EH1-R K-AE1 N-Y-UW1 G-AA1 T-EH1 N-IY0 SH-OW1 Z-Y-UW1 W-AA1-N-T T-UW1 P-R-AH0 M-OW1 T-EH1 N-IY0 TH-IH2-NG


was really awesome. so it's a really great film heartfelt. we put a lot of work into it, so it's really cool. awesome. we had that payoff.

W-AA1 Z-R-IH1 L-IY0 AA1 S-AH0-M S-OW1 IH1-T S-AH0 R-IH1 L-IY0 G-R-EY1-T F-IH1-L-M HH-AA1-R-T F-EH2-L T-W-IY1 P-UH1 T-AH0 L-AA1 T-AH1 V-W-ER1 K-IH0-N T-UW1 IH1-T S-OW1 IH1-T S-R-IH1 L-IY0 K-UW1 L-AA1 S-AH0 M-W-IY1 HH-AE1-D DH-AE1-T P-EY1 AO2-F


hey guys. welcome. it's appropriately inappropriate, episode number 37. thank you again for listening to the show. we hope you love it.

HH-EY1 G-AY1 Z-W-EH1-L K-AH0 M-IH1-T S-AH0 P-R-OW1 P-R-IY0 IH0 T-L-IY0 IH2 N-AH0 P-R-OW1 P-R-IY0 IH0 T-EH1 P-AH0 S-OW2 D-N-AH1-M B-ER0 TH-ER1 D-IY0 S-EH1 V-AH0-N TH-AE1-NG K-Y-UW1 AH0 G-EH1-N F-AO1-R L-IH1 S-AH0 N-IH0-NG T-UW1 DH-AH0 SH-OW1 W-IY1 HH-OW1 P-Y-UW1 L-AH1 V-IH1-T


free entertainment and hopefully a lot of free laughs. we're starting the show now. we have a guest that's going to be coming in, in a little bit,

F-R-IY1 EH2-N T-ER0 T-EY1-N M-AH0-N T-AH0-N-D HH-OW1-P F-AH0 L-IY0 AH0 L-AA1 T-AH1-V F-R-IY1 L-AE1-F S-W-ER0-S T-AA1-R T-IH0-NG DH-AH0 SH-OW1 N-AW1 W-IY1 HH-AE1 V-AH0 G-EH1-S-T TH-AE1-T-S G-OW1 IH0-NG T-UW1 B-IY1 K-AH1 M-IH0 NG-IH0 N-IH0 N-AH0 L-IH1 T-AH0-L B-IH1-T


who was highly anticipated, tons of requests to get him in. his name is kingsley amukamara.

HH-UW1 W-AA1-Z HH-AY1 L-IY0 AE0-N T-IH1 S-AH0 P-EY2 T-AH0-D T-AH1-N Z-AH1 V-R-IH0 K-W-EH1-S-T-S T-UW1 G-EH1-T HH-IH1 M-IH0-N HH-IH1 Z-N-EY1 M-IH1-Z K-IH1-NG Z-L-IY0 AE2-M K-OW0 Y-UW0 M-AA1 R-AH0


he is a fucking hilarious comedian. so we're super excited. he's just running a little late. so once he gets here, we'll have him talk to everybody and we'll

HH-IY1 IH1 Z-AH0 F-AH1 K-IH0-NG HH-IH0 L-EH1 R-IY0 AH0-S K-AH0 M-IY1 D-IY0 AH0-N S-OW1 W-ER0 S-UW1 P-ER0 IH0-K S-AY1 T-AH0-D HH-IY1-Z JH-AH1-S T-R-AH1 N-IH0 NG-AH0 L-IH1 T-AH0-L L-EY1-T S-OW1 W-AH1-N-S HH-IY1 G-EH1-T-S HH-IY1 R-W-EH1-L HH-AE1-V HH-IH1-M T-AO1-K T-UW1 EH1 V-R-IY0 B-AA2 D-IY0 AH0-N D-W-EH1-L


literally probably laugh our bones off. 30 for the april showcase.

L-IH1 T-ER0 AH0 L-IY0 P-R-AA1 B-AH0 B-L-IY0 L-AE1 F-AW1 ER0 B-OW1-N Z-AO1-F TH-ER1 D-IY0 F-AO1-R DH-AH0 EY1 P-R-AH0-L SH-OW1 K-EY2-S


i've won club favorite three times, let's go for four. kingsley, who will be with us, won the club favorite last month, and he's probably one of the funniest

AY1 V-W-AH1-N K-L-AH1-B F-EY1 V-ER0 IH0-T TH-R-IY1 T-AY1-M Z-L-EH1-T-S G-OW1 F-AO1-R F-AO1-R K-IH1-NG Z-L-IY0 HH-UW1 W-IH1-L B-IY1 W-IH1 DH-AH1 S-W-AH1-N DH-AH0 K-L-AH1-B F-EY1 V-ER0 IH0 T-L-AE1-S T-M-AH1-N TH-AH0-N-D HH-IY1-Z P-R-AA1 B-AH0 B-L-IY0 W-AH1 N-AH1-V DH-AH0 F-AH1 N-IY0 AH0-S-T


comedians i've ever seen. so excited to get him in. but again, he'll be in, in just a little bit. so stick with us, nancy. what's up?

K-AH0 M-IY1 D-IY0 AH0-N Z-AY1 V-EH1 V-ER0 S-IY1-N S-OW1 IH0-K S-AY1 T-AH0-D T-UW1 G-EH1-T HH-IH1 M-IH0-N B-AH1 T-AH0 G-EH1-N HH-EH1-L B-IY1 IH0 N-IH0-N JH-AH1-S T-AH0 L-IH1 T-AH0-L B-IH1-T S-OW1-S T-IH1 K-W-IH1 DH-AH1 S-N-AE1-N S-IY0 W-AH0-T S-AH1-P


what's up everyone. and what's up, kevin? i have a really special question for you.

W-AH0-T S-AH1 P-EH1 V-R-IY0 W-AH2 N-AH0-N D-W-AH0-T S-AH1-P K-EH1 V-IH0 N-AY1 HH-AE1 V-AH0 R-IH1 L-IY0-S P-EH1 SH-AH0-L K-W-EH1-S CH-AH0-N F-AO1 R-Y-UW1


i was scrolling through facebook and i came across a picture. i'm going to show it to you real quick and then i'm going to explain it to everybody.

AY1 W-AA1-Z-S K-R-OW1 L-IH0-NG TH-R-UW1 F-EY1-S B-UH2 K-AH0-N D-AY1 K-EY1 M-AH0 K-R-AO1 S-AH0 P-IH1-K CH-ER0 IH1-M G-OW1 IH0-NG T-UW1 SH-OW1 IH1-T T-UW1 Y-UW1 R-IY1-L K-W-IH1 K-AH0-N-D DH-EH1 N-IH1-M G-OW1 IH0-NG T-UW1 IH0-K-S P-L-EY1 N-IH1-T T-UW1 EH1 V-R-IY0 B-AA2 D-IY0


okay. this is a picture of a guy wearing a g-string, but it's only like a half g-string. it goes all the way up your ass but it only is connected on one hip.

OW2 K-EY1 DH-IH1 S-IH1 Z-AH0 P-IH1-K CH-ER0 AH1 V-AH0 G-AY1 W-EH1 R-IH0 NG-AH0 S-EY1-T S-IH1-NG B-AH1 T-IH1-T S-OW1 N-L-IY0 L-AY1 K-AH0 HH-AE1-F S-EY1-T S-IH1 NG-IH1-T G-OW1 Z-AO1-L DH-AH0 W-EY1 AH1 P-Y-AO1 R-AE1-S B-AH1 T-IH1 T-OW1 N-L-IY0 IH1-Z K-AH0 N-EH1-K T-AH0 D-AA1 N-W-AH1-N HH-IH1-P


but it's on ebay and a dollar and 24 cents. i want to bid on it,

B-AH1 T-IH1-T S-AA1 N-EH1 B-EY0 AH0-N D-AH0 D-AA1 L-ER0 AH0-N-D T-W-EH1-N T-IY0 F-AO1-R S-EH1-N-T S-AY1 W-AA1-N-T T-UW1 B-IH1 D-AA1 N-IH1-T


but shipping's $150. but here's my favorite part. this description on ebay, new without tags.

B-AH1-T SH-IH1 P-IH0-NG Z-W-AH1-N HH-AH1-N D-R-AH0 D-AH0-N-D F-IH1-F T-IY0 D-AA1 L-ER0-Z B-AH1-T HH-IY1 R-IH1 Z-M-AY1 F-EY1 V-ER0 IH0-T P-AA1-R-T DH-IH1-S D-IH0-S K-R-IH1-P SH-AH0 N-AA1 N-EH1 B-EY0 N-UW1 W-IH0 TH-AW1-T T-AE1-G-Z


so somebody wore this and now they're going to sell it and someone's going to buy it.

S-OW1 S-AH1-M B-AA2 D-IY0 W-AO1-R DH-IH1 S-AH0-N D-N-AW1 TH-EH1-R G-OW1 IH0-NG T-UW1 S-EH1 L-IH1 T-AH0-N-D S-AH1 M-OW2-N-Z G-OW1 IH0-NG T-UW1 B-AY1 IH1-T


why even wear underwear if you're going to wear that?

W-AY1 IY1 V-IH0 N-W-EH1 R-AH1-N D-ER0 W-EH2 R-IH1 F-Y-UH1-R G-OW1 IH0-NG T-UW1 W-EH1-R DH-AE1-T


maybe it's like a sex outfit, maybe.

M-EY1 B-IY0 IH1-T S-L-AY1 K-AH0 S-EH1-K S-AW1-T F-IH2 T-M-EY1 B-IY0


your husband wears that into the bedroom, you get excited?

Y-AO1-R HH-AH1-Z B-AH0-N D-W-EH1-R-Z DH-AE1 T-IH0-N T-UW1 DH-AH0 B-EH1 D-R-UW2 M-Y-UW1 G-EH1 T-IH0-K S-AY1 T-AH0-D


this thing is great. i will put the picture on the page. i'm going to do it. okay, good.

DH-IH1-S TH-IH1 NG-IH1-Z G-R-EY1 T-AY1 W-IH1-L P-UH1-T DH-AH0 P-IH1-K CH-ER0 AA1-N DH-AH0 P-EY1 JH-IH1-M G-OW1 IH0-NG T-UW1 D-UW1 IH1 T-OW2 K-EY1 G-UH1-D


you know what? it's kind of like a headband and somebody just put it on like their package and then stretched it over one hip. i don't know.

Y-UW1 N-OW1 W-AH1 T-IH1-T-S K-AY1-N D-AH1 V-L-AY1 K-AH0 HH-EH1-D B-AE2-N D-AH0-N-D S-AH1-M B-AA2 D-IY0 JH-AH1-S-T P-UH1 T-IH1 T-AA1 N-L-AY1-K DH-EH1-R P-AE1 K-AH0 JH-AH0-N-D DH-EH1-N-S T-R-EH1-CH T-IH1 T-OW1 V-ER0 W-AH1-N HH-IH1 P-AY1 D-AA1-N T-N-OW1


because think about it, if you put a headband on, like one leg, all the way up there, it's kind of like that.

B-IH0 K-AO1-Z TH-IH1-NG K-AH0 B-AW1 T-IH1 T-IH1 F-Y-UW1 P-UH1 T-AH0 HH-EH1-D B-AE2-N D-AA1 N-L-AY1 K-W-AH1 N-L-EH1 G-AO1-L DH-AH0 W-EY1 AH1-P DH-EH1 R-IH1-T-S K-AY1-N D-AH1 V-L-AY1-K DH-AE1-T


what clothing designer came up with this?

W-AH1-T K-L-OW1 DH-IH0-NG D-IH0 Z-AY1 N-ER0 K-EY1 M-AH1 P-W-IH1-DH DH-IH1-S


those fashion shows or whatever, not that i watched them frequently,

DH-OW1-Z F-AE1 SH-AH0-N SH-OW1 Z-AO1 R-W-AH2 T-EH1 V-ER0 N-AA1-T DH-AE1 T-AY1 W-AA1-CH-T DH-EH1-M F-R-IY1 K-W-AH0-N T-L-IY0


but i've seen some of them and they're always wearing the most fucked up things that i've never seen somebody wear.

B-AH1 T-AY1-V S-IY1-N S-AH1 M-AH1-V DH-EH1 M-AH0-N-D TH-EH1 R-AO1 L-W-EY2 Z-W-EH1 R-IH0-NG DH-AH0 M-OW1-S-T F-AH1-K T-AH1-P TH-IH1-NG-Z DH-AE1 T-AY1 V-N-EH1 V-ER0 S-IY1-N S-AH1-M B-AA2 D-IY0 W-EH1-R


i don't understand those. like what it's about, what fat? what? like, do you know?

AY1 D-AA1-N T-AH2-N D-ER0-S T-AE1-N-D DH-OW1 Z-L-AY1 K-W-AH1 T-IH1-T S-AH0 B-AW1 T-W-AH1-T F-AE1 T-W-AH1 T-L-AY1-K D-UW1 Y-UW1 N-OW1


no one wears that. i don't get it either. i don't like those shows. you know what show i do like. but i also started watching total divas.

N-OW1 W-AH1 N-W-EH1-R-Z DH-AE1 T-AY1 D-AA1-N-T G-EH1 T-IH1 T-IY1 DH-ER0 AY1 D-AA1-N T-L-AY1-K DH-OW1-Z SH-OW1 Z-Y-UW1 N-OW1 W-AH1-T SH-OW1 AY1 D-UW1 L-AY1-K B-AH1 T-AY1 AO1-L S-OW0-S T-AA1-R T-AH0 D-W-AA1 CH-IH0-NG T-OW1 T-AH0-L D-IY1 V-AH0-Z


it's wwe, but it's kind of like behind the scenes, more of a reality drama,

IH1-T S-W-IY1 B-AH1 T-IH1-T-S K-AY1-N D-AH1 V-L-AY1-K B-IH0 HH-AY1-N-D DH-AH0 S-IY1-N Z-M-AO1 R-AH1 V-AH0 R-IY0 AE1 L-AH0 T-IY0 D-R-AA1 M-AH0


women. john cena and the twins. what are their names? the bellas.

W-IH1 M-AH0-N JH-AA1-N S-IY1 N-AH0 AH0-N-D DH-AH0 T-W-IH1-N Z-W-AH1 T-AA1-R DH-EH1-R N-EY1-M-Z DH-AH0 B-EH1 L-AH0-Z


all right. one show that i saw for the very first time ever today was hoarders.

AO1-L R-AY1 T-W-AH1-N SH-OW1 DH-AE1 T-AY1 S-AO1 F-AO1-R DH-AH0 V-EH1 R-IY0 F-ER1-S-T T-AY1 M-EH1 V-ER0 T-AH0 D-EY1 W-AA1-Z HH-AO1-R D-ER0-Z


there's not much to go on other than, i think i'm a hoarder,

DH-EH1-R Z-N-AA1 T-M-AH1-CH T-UW1 G-OW1 AA1 N-AH1 DH-ER0 DH-AE1 N-AY1 TH-IH1-NG K-IH1 M-AH0 HH-AO1-R D-ER0


but i know i'm not. i know i'm not, i just... i'm lazy. and my laziness trumps everything in my life.

B-AH1 T-AY1 N-OW1 IH1-M N-AA1 T-AY1 N-OW1 IH1-M N-AA1 T-AY1 JH-AH1-S T-IH1 M-L-EY1 Z-IY0 AH0-N D-M-AY1 L-EY1 Z-IY0 N-AH0-S T-R-AH1-M-P S-EH1 V-R-IY0 TH-IH2 NG-IH0-N M-AY1 L-AY1-F


because i'm looking at this dude's house and he has shit everywhere.

B-IH0 K-AO1 Z-IH1 M-L-UH1 K-IH0 NG-AE1-T DH-IH1-S D-Y-UW1-D-Z HH-AW1 S-AH0-N-D HH-IY1 HH-AE1-Z SH-IH1 T-EH1 V-R-IY0 W-EH2-R


stuff piled, literally everywhere in his living room. like dude, my living room looks exactly like that, but it's not because i want it to be there or i'm keeping it for something i'm just lazy.

S-T-AH1-F P-AY1-L D-L-IH1 T-ER0 AH0 L-IY0 EH1 V-R-IY0 W-EH2 R-IH0-N HH-IH1 Z-L-IH1 V-IH0 NG-R-UW1 M-L-AY1-K D-UW1 D-M-AY1 L-IH1 V-IH0 NG-R-UW1 M-L-UH1-K S-IH0-G Z-AE1-K T-L-IY0 L-AY1-K DH-AE1-T B-AH1 T-IH1-T S-N-AA1-T B-IH0 K-AO1 Z-AY1 W-AA1-N T-IH1-T T-UW1 B-IY1 DH-EH1 R-AO1 R-IH1-M K-IY1 P-IH0 NG-IH1-T F-AO1-R S-AH1-M TH-IH0 NG-IH1-M JH-AH1-S T-L-EY1 Z-IY0


if someone came in and was like, "oh, this is gross. we have to get rid of it here." be my guest.

IH1-F S-AH1 M-W-AH2-N K-EY1 M-IH0 N-AH0-N D-W-AA1 Z-L-AY1 K-OW1 DH-IH1 S-IH1-Z G-R-OW1 S-W-IY1 HH-AE1-V T-UW1 G-EH1 T-R-IH1 D-AH1 V-IH1-T HH-IY1-R B-IY1 M-AY1 G-EH1-S-T


have you seen hoarders when they find cats?

HH-AE1 V-Y-UW1 S-IY1-N HH-AO1-R D-ER0 Z-W-EH1-N DH-EY1 F-AY1-N-D K-AE1-T-S


that. like this person had cats, like 40 of them

DH-AE1 T-L-AY1-K DH-IH1-S P-ER1 S-AH0-N HH-AE1-D K-AE1-T S-L-AY1-K F-AO1-R T-IY0 AH1-V DH-EH1-M


and they were having kittens and then the kittens would die because it wasn't a livable situation,

AH0-N-D DH-EY1 W-ER0 HH-AE1 V-IH0-NG K-IH1 T-AH0-N Z-AH0-N-D DH-EH1-N DH-AH0 K-IH1 T-AH0-N Z-W-UH1-D D-AY1 B-IH0 K-AO1 Z-IH1 T-W-AO1-S T-AH0 L-IH1 V-AH0 B-AH0-L S-IH2 CH-UW0 EY1 SH-AH0-N


and they were all in the house, like the bones and stuff.

AH0-N-D DH-EY1 W-ER0 AO1 L-IH0-N DH-AH0 HH-AW1 S-L-AY1-K DH-AH0 B-OW1-N Z-AH0-N-D-S T-AH1-F


apparently all of these people houses, you can't even go into because they're so contaminated with everything.

AH0 P-EH1 R-AH0-N T-L-IY0 AO1 L-AH1-V DH-IY1-Z P-IY1 P-AH0-L HH-AW1 S-AH0 Z-Y-UW1 K-AE1-N T-IY1 V-IH0-N G-OW1 IH0-N T-UW1 B-IH0 K-AO1-Z TH-EH1-R S-OW1 K-AH0-N T-AE1 M-AH0 N-EY2 T-AH0 D-W-IH1 DH-EH1 V-R-IY0 TH-IH2-NG


uh. and the toilets are always like the last... they don't get them fixed. they're always broken. so they're having to use other... it's just disgusting.

AH1 AH0-N-D DH-AH0 T-OY1 L-AH0-T S-AA1 R-AO1 L-W-EY2 Z-L-AY1-K DH-AH0 L-AE1-S-T DH-EY1 D-AA1-N-T G-EH1-T DH-EH1-M F-IH1-K-S-T TH-EH1 R-AO1 L-W-EY2-Z B-R-OW1 K-AH0-N S-OW1 TH-EH1-R HH-AE1 V-IH0-NG T-UW1 Y-UW1 Z-AH1 DH-ER0 IH1-T-S JH-AH1-S-T D-IH0-S G-AH1-S T-IH0-NG


and the one i saw, the woman had kids, and her kids got taken away and the cats disappeared and they finally found the cats under all the rubble, it was disgusting. it was the grossest thing i've ever seen.

AH0-N-D DH-AH0 W-AH1 N-AY1 S-AO1 DH-AH0 W-UH1 M-AH0-N HH-AE1-D K-IH1-D Z-AH0-N-D HH-ER0 K-IH1-D-Z G-AA1-T T-EY1 K-AH0 N-AH0 W-EY1 AH0-N-D DH-AH0 K-AE1-T-S D-IH2 S-AH0 P-IH1-R D-AH0-N-D DH-EY1 F-AY1 N-AH0 L-IY0 F-AW1-N-D DH-AH0 K-AE1-T S-AH1-N D-ER0 AO1-L DH-AH0 R-AH1 B-AH0 L-IH1 T-W-AA1-Z D-IH0-S G-AH1-S T-IH0 NG-IH1 T-W-AA1-Z DH-AH0 G-R-OW1 S-AH0-S-T TH-IH1 NG-AY1 V-EH1 V-ER0 S-IY1-N


so you think you're just as disgusting as a hoarder?

S-OW1 Y-UW1 TH-IH1-NG K-Y-UH1-R JH-AH1-S T-AE1-Z D-IH0-S G-AH1-S T-IH0 NG-AE1 Z-AH0 HH-AO1-R D-ER0


yeah. i'm as lazy as a hoarder.

Y-AE1 IH1 M-AE1 Z-L-EY1 Z-IY0 AE1 Z-AH0 HH-AO1-R D-ER0


and look at it this way, they make an effort to keep everything.

AH0-N D-L-UH1 K-AE1 T-IH1-T DH-IH1 S-W-EY1 DH-EY1 M-EY1 K-AE1 N-EH1 F-ER0-T T-UW1 K-IY1 P-EH1 V-R-IY0 TH-IH2-NG


collecting all that stuff, just having it. i don't even try, i'm so good at it.

K-AH0 L-EH1-K T-IH0 NG-AO1-L DH-AE1-T-S T-AH1-F JH-AH1-S-T HH-AE1 V-IH0 NG-IH1 T-AY1 D-AA1-N T-IY1 V-IH0-N T-R-AY1 IH1-M S-OW1 G-UH1 D-AE1 T-IH1-T


yeah. i am. who would have thought my natural talent would be hoarding.

Y-AE1 AY1 AE1-M HH-UW1 W-UH1-D HH-AE1-V TH-AO1 T-M-AY1 N-AE1 CH-ER0 AH0-L T-AE1 L-AH0-N T-W-UH1-D B-IY1 HH-AO1-R D-IH0-NG


they're doing it a little different this year than they have in the past, but i'm excited to see it. i like how... all right, here's a little inside tidbit.

TH-EH1-R D-UW1 IH0 NG-IH1 T-AH0 L-IH1 T-AH0-L D-IH1 F-ER0 AH0-N-T DH-IH1 S-Y-IH1-R DH-AE1-N DH-EY1 HH-AE1 V-IH0-N DH-AH0 P-AE1-S-T B-AH1 T-IH1 M-IH0-K S-AY1 T-AH0-D T-UW1 S-IY1 IH1 T-AY1 L-AY1-K HH-AW1 AO1-L R-AY1-T HH-IH1-R Z-AH0 L-IH1 T-AH0 L-IH0-N S-AY1-D T-IH1-D B-IH2-T


in the old last comic standings, they would hold open auditions for people, anybody, to just come out. you do like a three minute set in front of these judges.

IH0-N DH-AH0 OW1-L D-L-AE1-S-T K-AA1 M-IH0-K-S T-AE1-N D-IH0-NG-Z DH-EY1 W-UH1-D HH-OW1-L D-OW1 P-AH0 N-AO2 D-IH1 SH-AH0-N-Z F-AO1-R P-IY1 P-AH0 L-EH1 N-IY0 B-AH0 D-IY0 T-UW1 JH-AH1-S-T K-AH1 M-AW1 T-Y-UW1 D-UW1 L-AY1 K-AH0 TH-R-IY1 M-IH1 N-AH0-T S-EH1 T-IH0-N F-R-AH1-N T-AH1-V DH-IY1-Z JH-AH1 JH-IH0-Z


but the open auditions were horseshit, because they already had the comedians that they were putting on the show.

B-AH1-T DH-AH0 OW1 P-AH0 N-AO2 D-IH1 SH-AH0-N Z-W-ER0 HH-AO1-R-S SH-IH2-T B-IH0 K-AO1-Z DH-EY1 AO0-L R-EH1 D-IY0 HH-AE1-D DH-AH0 K-AH0 M-IY1 D-IY0 AH0-N-Z DH-AE1-T DH-EY1 W-ER0 P-AH1 T-IH0 NG-AA1-N DH-AH0 SH-OW1


and so they made people feel like, "hey, i'm trying out for the last comic standing. dude, i can totally get on because i'm really funny." no, you have no chance. because somebody who's

AH0-N-D S-OW1 DH-EY1 M-EY1-D P-IY1 P-AH0-L F-IY1-L L-AY1-K HH-EY1 IH1-M T-R-AY1 IH0 NG-AW1-T F-AO1-R DH-AH0 L-AE1-S-T K-AA1 M-IH0-K-S T-AE1-N D-IH0-NG D-UW1 D-AY1 K-AE1-N T-OW1 T-AH0 L-IY0 G-EH1 T-AA1-N B-IH0 K-AO1 Z-IH1 M-R-IH1 L-IY0 F-AH1 N-IY0 N-OW1 Y-UW1 HH-AE1 V-N-OW1 CH-AE1-N-S B-IH0 K-AO1-Z S-AH1-M B-AA2 D-IY0 HH-UW1-Z


an established comedian has a good agent that got him on the show. that's the way it works.

AE1 N-IH0-S T-AE1 B-L-IH0-SH-T K-AH0 M-IY1 D-IY0 AH0-N HH-AE1 Z-AH0 G-UH1 D-EY1 JH-AH0-N-T DH-AE1-T G-AA1-T HH-IH1 M-AA1-N DH-AH0 SH-OW1 TH-AE1-T-S DH-AH0 W-EY1 IH1 T-W-ER1-K-S