39 Burst results for "Oracle"
The Charlie Kirk Show
Media Matters Tries to Destroy Elon Musk's X
"Linda Yaccarino said, if you know me, you know I'm committed to truth and fairness. Here's the truth. Not a single authentic user on X saw IBM, Comcast or Oracle ads next to content in the Media Matters article. Only two users saw an Apple ad next to the content, at least one of which was Media Matters. Data wins over manipulation or allegations don't mean manipulated stand with X. Yeah, this is a multidimensional hit job. And they're trying to go after Elon personally and criminally. They're trying to go after his liberation of the platform, all because Elon has now become a serious threat to the regime, to the unit party and the left by allowing us to speak, by allowing us to challenge preexisting orthodoxies, allowing us to incubate elite opinion in a way that the bad guys don't like. And so, you know, Michael, talk a little bit more about Media Matters. I don't know if they've targeted you. You know, they come after us quite a lot. Who funds these guys? It's it's it's a great question. You know, we see Rumble, we see X, you know, they're they're suing intensely. What else do we know about it? Well, we know that their executives make a whole lot of money in order to stifle your freedom of speech. In fact, the CEO, a woman named Angelo Caruso, Caruso makes four hundred fifty three thousand dollars a year. The person who's been in the news all week is actually David Brock. And he's arguably the most ideologically weaponized. He's the chairman of Media Matters, making two hundred ninety two thousand dollars a year in order to stifle your speech. But what's interesting is that you highlighted earlier Media Matters doesn't just not like Elon. They don't like you having the right to speak freely. Their donors and funders rely on them keeping the truth hidden and behind the curtain. The reality is X has been a platform that has provided for millions of Americans to learn the truth of what's happening in society in a way that never would have happened had X been under its formal leadership under Twitter. So we never would have learned about all that happened with the laptop and Hunter Biden. We never would have learned about the malfeasance in Ukraine. We never would have learned even recently about the January six tapes because so much of the effort for releasing the tapes, which I'm glad Speaker Johnson did, happened on X. So Media Matters can't lose their grip on power. Their grip on power relies on you not knowing the truth. And so we're seeing, as you described, this very coordinated hit job from people who are paid very, very highly in order to stifle your freedom of speech. One other thing that I will note is that some of the executives that Media Matters has tried to pull to drop their ads are people like NBC. NBC is a really interesting case because just last week NBC had a journalist of theirs that was defending somebody, an editor in chief of a progressive news site that ended up being outed as a pedophile, is now being charged with child pornography counts in one of the most egregious cases that law enforcement has ever seen in that area. So we're seeing that this virtue signaling is really just meant to target you. They don't want you to speak freely. And even these advertisers are backing people that are corrupt and dysfunctional. And yet Media Matters is silent on it. So Media Matters hasn't called out NBC about that, but they'll gladly call out NBC on a fake story that is not rooted in real data. And I'm glad that X ultimately is calling it
Simply Bitcoin
Fresh update on "oracle" discussed on Simply Bitcoin
"It's called the Deal Book Summit, New York Times. You guys know what this is. This is when SPF gave a speech and the audience gave a round of applause like, yeah, it's that same venue. It was that same show is that same event. And Musk was challenged because essentially there's some information warfare going on. And I think we covered it last week. But just to give a little bit of a little bit of a reminder of what's going on. So Media Matters made the claim that that advertisers ads essentially were being put next to extremist content content. So anti-Semitic content, racist content, extremist content, and it worked. A lot of companies pulled their ads, including IBM, Lionsgate Entertainment, Apple, Disney, Warner Brothers. Discovery, Paramount, NBC, Universal, Comcast, Sony, Ubisoft. Right. So just to name a few. So this was an attack. Now, if you read this on its face, you're like if you think about it, right. You're like, including us, it's simply Bitcoin. That's like, no, we don't like racism. Like we don't like, you know, people calling. We just I think racism is a fucking distraction and it's horrific and it's terrible. But are their claims true or they or they or did they manipulate the media in order to achieve a certain political end goal? And I believe it's obviously they tried to manipulate the media media. So Elon Musk, essentially, Elon Musk sued back, but it wasn't also Elon Musk. It was also the attorney general of Texas, Ken Paxson. He also announced that he was going to be launching an investigation into potential fraudulent activity. So here is a piece from the Associated Press. The Media Matters report pointed to ads from Apple and Oracle that also were placed next to anti-Semitic material on X. On Friday, it said it also found ads from Amazon, NBA Mexico, NBCUniversal and others next to white nationalist hashtags. But San Francisco based X says in the complaint filed in federal court in Fort Worth, Texas, that Media Matters, quote, knowingly and maliciously portrayed ads next to hateful material as if they were what typical X users experience on the platforms. X complaint claims that Media Matters manipulated algorithms on the platform to create images of advertisers paid posts next to racist, incendiary content. The just the positions, according to the complaint, were, quote, manufactured inorganic and extraordinarily rare. It says that Media Matters did this by using X accounts that just followed X users known to produce extreme fringe content and accounts owned by X major advertisers. This, the complaint says, led to a feed aimed at producing side by side placements that Media Matters could then screenshot in an effort to alienate X advertisers.
CoinDesk Podcast Network
A highlight from THE PROTOCOL: Krakens Potential Layer 2 Development and Coinbases Influence
"Dive deep into the blockchain realm with The Protocol Podcast with Coindesk founding editor of The Protocol newsletter Brad Count and tech journalists Sam Kessler and Margo Nykerk. They unravel the intricate technologies powering cryptocurrencies like Bitcoin and Ethereum one block at a time. Just a reminder, Coindesk is a news source and does not provide investment advice. Hello and welcome to The Protocol Podcast. I'm Brad Count here with my co -hosts Margo Nykerk and Sam Kessler. Please first don't forget to subscribe to our weekly newsletter The Protocol on Coindesk .com. And real quick, let's just take a second. We've got Sam Kessler here. He's actually missed a couple of our recordings over the past few weeks because he was down covering the Sam Bankman free trial, which is a story that Coindesk owns. Or we did break the story that led to the ultimate collapse of his business empire. Sam, you've been down at this trial and just like getting up at what, like 3 a .m. to get in line to get in the courtroom. Tell us what has it been like covering that trial? Yeah, it was a crazy experience. I'm glad to kind of be back to my normal life. Like you said, some days you had to wake up as early as 3 a .m. Somebody showed up at 10 p .m. the previous evening once to see Sam testify. I was not that crazy. I can only do that a few times the early day. But anyway, overall, it was a pretty insane experience. And yesterday we did sort of a panel with Coindesk reporters, four of the five Coindesk reporters who have covered this throughout the month long run of the trial to hear from members of the crypto community about questions they had and reflections on what was going on. And one of the questions that we received was around whether this trial was, in fact, the indictment of the cryptocurrency industry that everybody in the mainstream seems to frame it as. Or is this kind of this anomalous thing that exists outside of crypto, particularly because FTX was a centralized exchange? The question being, why did it feel like such a big deal? And I think the place where we all landed, like why this got the sort of breathless coverage that it did is because there is a difference between the crypto technology and the crypto industry. And I do still feel and I think those the folks who joined me on the panel agreed that this whole thing, even though it doesn't say much about the technology that undergirds all of these projects that we talk about on this podcast, this whole fiasco was an indictment of the crypto industry. The money, the attention, the focus, you know, the panels that people are willing to go on with Sandbank Manfried all just go to show that it does matter. The companies and the folks who we associate ourselves with cover. I mean, media plays a role in this, too, regardless of whether it has anything to do with the core blockchain technology itself as a centralized exchange in this case. That's super interesting, Sam. I mean, one thing I would just add, you always see giant frauds around new technologies, right? I mean, it's just like inevitable. People are always taking advantage of the opacity and the incredible, complicated stuff. And I mean, we see it all the time. But it's just stuff so hard to understand that it's pretty easy to like pull the wool over people's eyes. You know, I mean, I think we can talk a little more freely about this now that he's convicted. Anyway. OK, well, thank you, Sam. We're so glad to have you here. All right. Let's get right into it now, as we say, with the latest news and developments in technology behind crypto and blockchains. In our first segment, we will be talking about Arbitrum's governance. Of course, Arbitrum is the biggest layer two network atop Ethereum. Margo covers them all the time and they are super interesting project. But Sam, you know, this story you wrote yesterday focuses on some dissension in that community. Why don't you just give us a little brief overview of what that story is? Yeah. So like you said, Arbitrum is one of the people that I might be aware, I might remember last spring when they switched over to a decentralized governance model. So they made this big shift where they launched a token ARB and allowed holders of that token to be a part of something called the Arbitrum DAO that would govern the protocol. And the thing that we're seeing here is a nod to the growing pain, one of the growing pains that we see with all decentralized autonomous organizations, which is the difficulty of reconciling the need for decentralized governance, vast networks of people governing these protocols in like the spirit of crypto, with the reality that you need some somewhat centralized or at least professionalized decision making expertise in order to guide the direction of these really important platforms. Arbitrum has, you know, over two billion dollars locked in it as of today, if I recall correctly. But anyway, in this specific case, Arbitrum's community is currently grappling with a proposal to introduce a research coalition that will be helmed by BlockWorks Research, the research arm of the media organization, Gauntlet, a risk firm and one other cybersecurity firm that's not as specific to crypto. And those folks will kind of serve as this guidepost for the wider DAO to make its decisions. And there's been a lot of controversy around how much they'd be set to get paid under the proposal that BlockWorks presented in conjunction with these other. Let's just, Margo, what were your thoughts reading this story? So, well, two things. I sort of want to know what's in it for BlockWorks. Like, why are they putting themselves forward in this kind of proposal? But also this sort of like what Sam was alluding to drew us back to last spring when there was a controversial proposal about the DAO and there was like a ratification and they started transferring tokens before like that period had even ended. So I feel like ever since that happened, there's been a lot more attention on the DAO and like the proposals it puts forward. So there's always these controversies around DAOs and like the grapple they have to do with centralization and decentralization or professionalism in that case and having some kind of an authoritative figure that will make decisions. And so I wonder if we're looking at this more with a critical eye because of what happened six months ago and because we've sort of seen some controversy with the Arbitrum DAO. But I don't know, what are your guys thoughts on that? So it's a really good question. So that event that you're talking about was essentially when the DAO was established, there was also this foundation that was established, the Arbitrum Foundation. And you see this set up a lot of times where you have a foundation, you have a centralized company that builds a product, and then you have a DAO. The foundation kind of straddles the middle where it's like a real incorporated entity. But anyway, the foundation was suddenly granted a bunch of tokens from the initial mint of ARB. And members of this new DAO who had also just been airdropped a bunch of tokens were like, whoa, wait a minute, we didn't really have a formal vote on where those tokens should go. So it essentially looked like what it was, which was the people who initially created the blockchain granting a bunch of tokens to this foundation, which people think had some links to the old organization, the firm that ran things. So the chief irony here is that the whole idea of a DAO and the whole idea of this specific proposal is to decentralize things further so that something like a centralized foundation, something like the organization that created Arbitrum don't have an outweighed role in the direction of the chain. But the irony is that people see the same centralization issues with this new format. So one of the comments that we have in this article came from one of the voters in this Arbitrum DAO who said, quote, having the same parties review and provide opinions on proposals, cover those proposals publicly via media networks, vote on proposals, review the security concerns of a proposal, and then execute the Arbitrum network upgrades is fundamentally lacking separation of powers, which is a nod to the role that all of these different entities who would be on this coalition currently serve for Arbitrum. And this person showed that these folks who would be on this coalition also hold a huge number of ARB tokens. They'd now be kind of suggesting proposals or at least giving research on these proposals that they're also voting on and have an outweighed weight in terms of, you know, I mean, it's so interesting. It gets right at the heart of this debate, you know, the topic that just keeps coming up over and over again, which is, is all of this really about the tech or is it really about the money? It's like everybody wants the money and some people are providing value. Sometimes it's hard to tell whether this is going to actually be valuable or if it's just somebody who wants money, right? I say I'm curious, the research they're talking about, what kind of research is this? Like, why do why does Arbitrum DAO need research? Yeah, it's a good question. So it's quite interesting. One of the cool things about DAOs is you can go into the governance forums of any of them and you can see people weighing different proposals and those proposals will. So when it comes to research, sometimes there's going to be financial sort of research that they'll do into like what kinds of rewards we should give users of our protocol for doing certain things like what sort of interest should accrue to a token. Not really relevant in this case, but in the future, you know, if ARB should accrue interest, which it doesn't currently, it would kind of help make that call. You'll see a lot of risk assessment. So if Arbitrum is deciding on what bridge partners to use to transact with different chains, somebody like Gauntlet might come in or the cybersecurity firm might come in and do research to determine, hey, which of these bridge partners, given the technology we use and whatever platform we're bridging to uses would be the most secure. That's something that you saw in the past blew up on Uniswap when there's questions around conflicts of interest between the people doing the research and the bridge platforms themselves. But that's the kind of research you'll see, kind of like the technical and financial. Very briefly, the reason why this, you know, bristled so many people was the fact that it would cost two million dollars over the course of a year. And based on the cost breakdown, one person wrote, can the organizations involved demonstrate their time is worth, quote, six hundred fifty dollars to fifteen hundred dollars an hour? That seems exorbitant, as in more than I pay for a Harvard lawyer's exorbitant, literally. So these folks are asking for a ton of money in exchange for their services and they've had to defend themselves. And currently the proposal is really 50 -50 in terms of whether this is a temperature check, whether it goes to a real vote. The community can't decide whether that's a fair breakdown of costs. When does the temperature check end? It ends tomorrow. It ends tomorrow. And there's still some big voters that haven't weighed in yet. So we might be talking about this next week. One thing that is kind of cool, I will say, is in companies, modern companies, you know, the CEO and the board make the decisions and, you know, shareholders do not get to weigh in real time on kind of major strategy stuff or even like line item costs, initiatives or whatever. So that part of it is kind of cool that, you know, people are voting on whether they should spend the two million dollars. So let's turn to our next segment here. Well, there's a project called The Graph, and they came out with some news this past week. We wrote a short story about that. They call themselves the Google of Web3, or they say that people call them the Google of Web3. And the idea is that what they do is they basically look at the data that's on the blockchain and then kind of figure out how to, and then deliver that to protocols or teams and for whatever they need that blockchain data from. It's sort of like, my comment was the opposite of what Chainlink does, which is deliver, you know, stuff data onto the blockchain for protocols that need it. But they came out with this new era roadmap. I mean, a lot of it's pretty technical stuff, you know, it's like features, but they, you know, the line in the story was that this was one of their biggest upgrades since they had a 50 million dollar fundraising last year. And the development team, you know, similar to the decentralization in the previous segment, there's always, there's a development team and then there's the project. The development team is called Edgenone. And we sat down with their CEO, Tegan Klein, who, by the way, I think they said she was going to go on her honeymoon this week. So shout out to you. Congrats, Tegan. But anyway, Margo, you know, you were on this call with Tegan and you wrote up the Q &A. What were kind of your big, big ideas on this? Yeah, I thought it was interesting to hear her talk about like what the graph is, like who they serve, sort of like what entities, what protocols they serve. What I'm still sort of grappling with is like, I understand, like obviously there's a need for decentralizing data, but, you know, we'd asked sort of who her competitors are, who in the space is sort of similar to what she does. And her answer was that there isn't really anyone else in the space that does indexing like they do. Like if they do do indexing, it's something in -house. And so, yes, there's been efforts, I think, which one of, you know, Sam or Brad, you guys can talk about that because I know you have talked to Tegan about that before. But if there's no one else that does the indexing like the graph does, like how much of a hold do they have over organizing data on blockchains, especially because she claims that most of DeFi uses the graph? You know, I think that is a rare position to have in this industry, if that's true. You know, I think we haven't done a ton of reporting on this particular space. I think we're sort of more focused on the blockchain stuff that's kind of infrastructure layer of things and who's winning that race and all the apps. These are, they're kind of one of these middle players. They're not really front -facing, you know, they're sort of B2B in the sense that they're, you know, taking stuff from blockchains and delivery it to kind of like the backend of somebody's website or whatever. But I mean, in general, you know, we're going to get in the next segment, we're going to talk about all the layer twos, you know, that are developing and there's tons of layer one blockchains. But I don't know, that's kind of interesting to have a dominant position in anything in blockchain. It seems like there's tons of competition. I don't know. What do you think, Sam? Yeah, nothing comes to mind that does exactly what they do, which is they serve as a kind of like Chainlink sort of Oracle -ish function, but they're completely on chain. So they aggregate and index data on blockchains so that entities like Chainlink, like Uniswap and so on can use them. But I think that there are some, like I remember reporting on them a while ago and one of the problems that The Graph had and continues to have is just that it's extraordinarily complicated. They have their GRT token, they have these things called subgraphs, this role like indexers. And there's like all of these different, you know, jargon that you find all throughout crypto, but is particularly pronounced on The Graph that some people think is wholly unnecessary and it wouldn't be worth getting into all of it on Coindesk on this podcast, you know, is something that they still haven't been able to fix entirely at the same time. Yeah, I do think that they are somewhat unique in this intersection, but I also noticed that like some of the folks that they mentioned to you, Margo, that they, you know, are partnered with are the same folks that they've mentioned to me over almost like, I think like a year and a half ago when I last wrote about The Graph. So it's like art blocks, which is an NFT project that is really cool, but hasn't like been, you know, super huge in a while. They mentioned Uniswap. I also mentioned them, but if I recall from at least when I was, you know, writing about The Graph, their Uniswap thing is used for Uniswap to display prices on its website. It's not something used in the protocol itself, which is a distinction that might matter. The Graph is like certainly a really exciting project and it is the only one that I'm aware of that's doing, you know, this whole indexing decentralized role. I think that they are still kind of trying to exactly find their place and reach that level of ubiquity that they've wanted for a while. That's really interesting. You know, especially given that these projects that they help haven't really changed over the last two years. And one of the things we had asked her sort of is like, where are these new users that they can cater to? Especially, you know, we're in winter, so where's the growth? Like who are you poaching users from? So that's interesting. Yeah. I mean, to their credit, they did make a big gamble a while ago where they got rid of this centralized, this hosted service that they had, which is more akin to a Web2 service where they would index things and then you would query their own kind of hosted server in order to read off the data. They moved to this decentralized model a while ago and there were questions around whether they'd be able to kind of sustain those operations. And it seems like they have, you know, they really are working in alignment with that whole decentralized crypto ethos in a way that a lot of these sorts of information providers, aggregators aren't. They've had some staying power, at least as a result of that, regardless of whatever their user numbers and partners are. I mean, it's interesting when you were mentioning how technical some of this stuff is. All right. Well, let's take a quick break. And when we come back, we're going to talk about the story of the week. Margo Scoop, Kraken coming out with a layer two. We'll be right back. Calling all developers. Consensus 2024 is happening May 29th through the 31st in Austin, Texas. Experience three days of intensive learning with technical talks, 40 plus expert speakers and 20 or more in -depth workshops, including dedicated half days for Ethereum and Bitcoin. Don't miss the opportunity to network a curated developer meetups, discover new career opportunities and explore numerous side events and hacker houses around town. Score a Consensus 2024 developer pass for just one hundred nine dollars, but act fast. Only a limited number of these passes are available. Visit consensus .coindesk .com now to secure your developer pass before they're gone.
Postcards to the Universe with Melisa
Fresh update on "oracle" discussed on Postcards to the Universe with Melisa
"An apparently dead person. And not only that, but this fact is one of the foundations of the whole way we think in the West, which came from, ultimately, the ancient Greek philosophers. And what the average person in ancient Greece would think that a philosopher was, was the person who called up the spirits of the deceased. And for years that was thought, oh, you know, that's just a legend or something. But no, they had these very well-documented historical institutions called Oracles of the Dead, which they had various procedures where they would bring about this experience. And one of the most common ones, which is simply in a darkened room after reflecting and meditating on your deceased relative and so on, you gaze into a mirror by candlelight or a dim light in a dark room. And under those circumstances, it's a very common thing that people will have an experience during which they take to be an actual contact. It's not regarded as a fantasy or they are in a full state of waking awareness. They say that the apparition of the deceased appears in the mirror. A lot of people say that the apparition then steps out of the mirror, comes into the room fully three-dimensional or other people say that their experience is that their consciousness goes through the mirror and they come out on the other side into this other realm where that's where the engagement with their loved ones occurs. About 30% of the people who go through this report hearing an audible voice. They actually hear the person. Almost all the rest of them say it's a heart-to-heart or mind-to-mind communion with the person. And not only, the reason we don't know about this is I suspect you can gather it's that this was in early Christianity up to about the 300s, but then they realized that, uh-oh, people may be finding out their own things here. So we got to clamp down on it. It was outlawed. But nonetheless, it keeps cropping up. Everybody knows the character of John. Everybody knows the character of who was the 007, the James Bond. 007 James Bond. Yeah, John Dee. Yeah, but not many people know that he was an actual character that Fleming based him on a character named John Dee. Who did not know that. 1527 to 1608. And who found out about this himself and who did it. And this was very well known even to our great, great grandparents. It was until the radio age, this was something that people did. It was very well known in England and Britain and America that you could do this. But with the advent of radio where people stopped interacting, but rather just sort of listening to the radio and then the TV, this dropped out. But the amazing thing is, and I'm saying this based on the fact that not just of my work, but of multiple different investigators have tested this and they get the same results. So, you know, there is part of our common collective cultural heritage of humankind is this very easy procedure, actually, for calling up the rest of your deceased relatives. Well, you call it the psychomanteum, is that it? Psychomanteum, am I pronouncing it right? That was the Greek word for it, yeah. Right. And that you had one, Raymond, you had one in your home and you were doing them so much you got burnt out because everybody's knocking on your door. But I had heard about this with the Greeks and I wanted to talk about this and I heard about this, but I never really fully, you know, I heard about it many years ago and never really investigated it. But it's really interesting now because a year and a half ago I lost my sister and she was special needs. And my mom is, I've had a couple of visitation dreams, like I know there were visitations. At the moment she died, a cardinal showed up at the window and my mom said, oh, she passed. So that could have been a shared death experience. But this would be great. And I love that you teach us how to build one because I'm going to show my mom how to do it so she can see my sister, you know? Because I think that it's so much easier than you would think that to do it the way you describe it. People just can't believe this even though it's been known since remote antiquity all over the world. And so, you know, it's why do we block it? Well, one thing that occurs to me is that maybe, you know, it's a lot of effort. We have to extend a lot of effort to maintain the illusion that things are as they seem. To get along in the practical world, we have to not think of this so much, right? But it is something that is there and it's part of being a human being. What I've seen since 1975 when my book was published is that due to the advent of cardiopulmonary resuscitation making, you know, these near-death experiences available, they were always around but in the 60s and 70s when the CPR got perfected, then all of a sudden an experience that was what always existed but which was very rare suddenly became very common. So what I think is happening in our society, Melissa, is that the afterlife is becoming infused with this life in the sense that everybody you know knows somebody who has been to the other side. And I think when that occurs, I think society has got to come pretty quickly to some sort of peace with this notion of an afterlife because it's gotten to where it's, everybody knows somebody who's been there. Yeah, and with the internet now on YouTube, you can watch a million videos. I wanted to talk about what maybe, Paul, you can share. What terminal lucidity is because this is, I mean, I've heard of it before but you really describe it well in the book. Both of you really describe it. It's very easy to understand but for those who don't know what it is, if you could share with us. Well, terminal lucidity is defined as a flash of life that takes place shortly before one's death. Okay. So it can be quite dramatic because it takes place in people who are essentially dead. I mean, there's a lot of people who have no brain waves when they have terminal experiences. Or they're in end stage Alzheimer's and they're kind of gone. I've seen one and then there's another one that really stands out in history. But I had a son who broke his leg and he was in the hospital and I would go in every day and sit with him. And one day they brought in a gentleman who was at end stage Alzheimer's. So they just laid in bed all day and he didn't move much or attempt to communicate. And one day his family came in. They would come in every day as well. And one day they were all there and he suddenly popped out of it. He became perfectly lucid. He made sense and he talked about their lives together and how he felt about each of the individual people who were there. Stood up on his bed and kind of dominated the room with a nice lucid, coherent conversation. And his family was shocked because they'd seen him for a week or so just going out the door. And so they started to say, we're gonna be able to take dad home now. He's okay. And then they came back the next day and he was dead. He had died. And that's typical of terminal lucidity is that it's generally an end stage presentation that as a person starts to die, some people will then pop out of it and become very lucid. Another example of that is a woman in Katrina Emmer who lived in a mental institution in Germany. This is in the thirties. And she'd had meningitis in her childhood and she had never spoken her entire life. Spelled herself, couldn't speak. As they put it, would make animal sounds to speak. And as she began to die, she started with great lucidity, sing a song to herself. And the song, the line she repeated was, where does the soul find its home, its peace? And the people in this institution all knew who she was. They'd taken care of her for years. So they all came in and gathered around her. And she continued to sing and to act very normal. And doctors wrote about it. One of the doctors presented the story of Catherine Emmer to the National Socialist Party in Germany, the party previous to the Nazi party, as an education for not euthanizing people with mental deficit. But it was a very powerful story. And that's typical of what happens with terminal lucidity. Yeah, it's interesting. And that's considered one of the seven reasons of, cause there's so many cases of this, right? That's one of the reasons. There's a lot of cases where people are. Yeah. And when you see this in the hospital, which happens all the time, you know, people in hospice or who deal with the terminal ill, all of them will have experiences like this. And a man flew from Australia back 20 something years ago to see me to tell about this experience he had with his wife. She had been terminal ill, just going downhill. Then one day she just rallied and, you know, he thought she was going to be fine, but then she quickly died. And when he was trying to describe to me, I have a look, I wish I could convey the look on his face when he said that he said, I felt that she already had one foot on the other side. And that's definitely how it feels. It's like, when you don't deal with the terminal ill for a long period of time, you eventually get feeling like you're just like, you're sort of halfway there already. Yeah. That's how I felt with my friend's mom, that she was halfway on the other side. I feel like I described like she kicked me in the ass to get the hell out of there because she wanted to be with her daughter alone. Like, get out of here. But you talk about, which I thought was really cool, people who have witnessed you say mists and they hear music and some people have actually seen with their own eyes, the looks like the soul leaving the body. It's just fascinating to me that how many stories that people have been a witness to that. This is something you hear from doctors. Yeah, I mean, as the patient was dying, I saw this mist or cloud come out and one guy told me it disappeared through the ceiling or, you know, people say that it's, and what is it? Well, I give up, I give up, but it's, you know, it occurs. I mean, I've seen it myself. I don't know what to say. And the mystical light has been reported for hundreds of years. But we found some really great, we found some really great case studies from a large 19th century study that involved, that involved all of these actually, light, mist and music. And in some cases, in some cases, people who were standing around the deathbed would hear music, like a beautiful music. They didn't have radios and it was a beautiful music and they couldn't find it. And then other people who were there didn't hear it. And sometimes the music would last in a couple of cases, more than one day, but they would hear this music. They just seemed to come out of the air, but they couldn't find its origin. And again, this goes back literally to the foundation of Western civilization. The Christians based their theory of the afterlife on Plato's book, the Phaedo, which it's a long story, but the Christians, you know, that's where their theology of the afterlife came from. And that's about this very topic. It's about the relationship of music to the afterlife. And it's not as common as near-death experiences, but you find plenty of cases of people who say that grandma never had any interest in poetry or music or whatever, but just before she died, she started singing or reciting poetry or sometimes making up poetry on the spot. Yeah, it's interesting. That is interesting because I noticed two things that caught my eye. One, that many people who have had a witness to it when there's a group are the atheists where the believers don't, which I think that's interesting. And then the second thing is, is a lot of the NDEs, when they come back and I obviously, of course, it changes you, come back with these abilities and they're always in the artistic realm. And I just thought, that's really interesting too. Yeah. Creativity, what is that word? Well, you know, if you trace the origins of it back to the Greeks, creativity was what we would think of as a paranormal experience. It consisted of these entities, the muses. And so that the people would, to have the poetic inspiration, they would go to these places called the museons and you would consort with your spirit, muses. And you know, that sounds antique until you start talking to artists and say, yeah, you know, it's like, this doesn't come from me, they say, they point up and that, yeah, I just opened myself to it. And so creativity is, you know, it's... Why don't we call that a paranormal experience? So to me, it's not so surprising that people who come back from a near-death experience sometimes are seized with a musical ability or an art. The most amazing one I know from recent years, Melissa, is Dr. Anthony Cicoria, who's a PhD in physiology and MD and was a very eminent professor of neurosurgery, I'm sorry, of orthopedic surgery, who was struck in the neck by lightning and had a near-death experience. But afterward, although he'd never had any interest in music, he developed a strange fascination with the piano and started having this recurrent dream in which he was playing the same piece on the piano on a concert stage. To make a long story short, he learned how to transcribe music and learn the piano. And now in addition to being an eminent orthopedic surgeon, he's also a concert pianist. And you know, that series of events doesn't make sense within consensual reality as we have it. No, it doesn't. I love these stories though. Go ahead, Paul, what were you going to say? One thing that's kind of funny is if you go to a near-death experience conference, which there are many, undoubtedly somebody shows up with five or six or 10 paintings that they've made as a result of having the experience. And you see tunnel experiences and different types of light and on and on, right Raymond? Oh yeah, I mean, I've heard this repeatedly. Oh, decades ago I met in Toronto this elderly woman who came to one of my lectures and brought her paintings, but she said she had never, she was an award-winning artist in Toronto and she had never had any interest in painting until her near-death experience. And then, you know, it's so that is, I mean, it's just something really extraordinary. I mean, it makes sense to me as a creative person. I'm an artist, a photographer. I feel like everything in writer, everything's downloaded. I can't explain it. I just feel like it's just, I just get these downloads and yeah, so it makes sense to me. Artists say that, you know, that's what artists say. And yeah. It's amazing. It's mirror gazing to access it. Yeah, I'm gonna try that now. Now that I see how easy it is to make one, to create this space, I'm definitely gonna try that, yeah. Well, can we go back to the cyclomantium for a minute? Sure, please. When you first read about these and hear people talk about them, they sound like subjective experiences or they sound like, in a way, they sound like waking dreams. But Raymond had a patient who came from Argentina and she came to see her daughter who had died of cancer. And she showed up at his cyclomantium. He was really pushy. She just wanted to go right in without any preparation and tried to see her daughter. And with that attitude, she went in and saw nothing. But later in the day, it was about 3.30 in the afternoon, she had come with her sister and they were sitting in the room talking about the experience that she did not have. And all of a sudden, these orbs came into the room. And to me, this makes this an objective experience because her sister photographed the orbs. And what you can see is these orbs moving around the world. And there's one that stopped in front of her and she said that her daughter was in there and she spoke to the orbs for a period of time. Oh my God, I love that. That story's in the book. I don't mean to cut you guys off, but we're out of time. I could talk to you forever. Thank you so much, Raymond Moody and Paul Berry. Guys, look them up, get their book. Thank you. God, that was such a pleasure. Thank you everyone for listening to Postcards to the Universe with Melissa, Creating Life You Crave. And I'm wishing everyone a wonderful week filled with joy, abundance and love. Peace. See you next week. See you.
Unchained
A highlight from A 20+ Year Sentence? Why the Evidence Against SBF Was Too Hard to Overcome - Ep. 566
"Oh, right. Yeah. Cause at that point, it's too late for the government to rebut that. Although, no, I guess Danielle's has seen could have, I don't remember if she did in a moment, we're going to talk about the verdict and how swiftly it was dispatched. But first a quick word from the sponsors who make this show possible. The game has changed. The Google cloud Oracle built for layer zero is now securing every layer zero message by default. Their custom end to end solution sets itself up to bring its world -class security to web three and establish itself as the HTTPS within layer zero messaging. Visit layer zero .network to learn more. Popcorn just made DeFi way easier with Volcraft, your no -code DeFi toolkit for building, deploying and monetizing automated yield strategies in a few clicks. Forget spending months of R and D capital and human resources when you can now instantly launch your crypto fund with Volcraft on any EBM chain from wallets and institutional service providers to non and DeFi. Degen's Volcraft supercharges your crypto assets by enabling instant cross chain yield strategies that you can deploy in one minute. Now anyone can supercharge their crypto portfolios with custom tailored DeFi strategies. You can now partner with popcorn to launch and list your strategies on the popcorn DAP and earn kickbacks. Learn more on vaultcraft .io. Join over 80 million people using crypto .com, one of the easiest places to buy, trade and spend over 250 cryptocurrencies with the crypto .com visa card. You can spend your crypto anywhere and get rewarded at every step up to 5 % cash back instantly plus 100 % rebates for your Netflix and Spotify subscriptions and zero annual fees. New users enjoy zero credit card fees on crypto purchases in their first seven days. Download the crypto .com app and get $25 with the code, Laura. Link in the description. Back to my conversation with Sam and Rich.
Tech Path Crypto
Fresh update on "oracle" discussed on Tech Path Crypto
"We're just a bit worried it's going to launch. And as soon as it launches, it's going to be, you know, a crazy valuation. So it really depends what kind of entry you get. This was otherwise, yeah, I was going to say, just to kind of follow up on your point there with Solana, this was talking about all coins could explode in the next couple of years is coming over from James from Invest Answers. He hits on pith a couple of times. We did a full video kind of revealed pith as a strategy we were looking at, I don't know, a couple of weeks ago. And I'm intrigued in the potential upside in comparison to Chainlink, which is a very solid project. How do you, how would you look at those two if you had to say, okay, I'm going to, I'm going to kind of go one direction if I'm looking at Oracle based type platforms or projects like pith or link? I mean, I think the ratio is kind of the value between the two, you know, Chainlink has been around much longer. It's a broader ecosystem, you know, they have the CCTP bridge coming live, which is, you know, quite a large technical project that they've managed to accomplish, which is just like amazing what they've done. So that, you know, being at this sort of 14, 15 billion FTV makes sense. It's broken out of a long range where it was, you know, kind of fighting to break through that $10. I think link is a good project. Pith is amazing as well. It's quite a different project. Maybe it's not as technically complicated as Chainlink and CCTP, but it has this like huge backing of so many like traditional institutions like Jane Street and Citadel and like all these large institutions are supporting it. Many of them are providing reference data. And the thing is, if ever we will see things like equities being traded on chain, you will need something like pith because you will not be able to just kind of use NASDAQ data on chain. You will have to use, you know, the actual service providers that are the trading firms are getting all the fills. They're legally able to provide that data. Nobody like Chainlink can just, you know, plug into NASDAQ and pipe data. They will get sued. It's not legally, you know, possible to use that data. It's not public data, but trading firms are allowed to fill in their own estimate of prices. So it's quite an ingenious design that they've done. Now it obviously ties into the Solano system. Interesting. All right. So within Solano. Okay. So you have the Solano system ecosystem overall, kind of a hedge, I would say, versus Ethereum. And if you look at this next cycle, maybe we see that kind of alternative here, much like we saw ETH versus Bitcoin in the previous cycles, you know, as an alternative hedge. What do you make of that? I mean, do you like that as a range for an investor when they look at it, you know, obviously not investment advice, but when you look at trying to hedge versus one versus the other, because they're completely two different ecosystems. What are your thoughts there? Yeah, I think, you know, the Ethereum ecosystem in general has shown a lot of attention that's been able to grab and just keep over years and years. So you're kind of making that safe lower beta bet. I do think that that's probably the safest bet might be the best sort of risk reward. The thing is with technology, like it evolves and we will get new and new, you know, generations of faster blockchains. I think there's quite a few new ones coming online. You know, one project it's not out yet, but Monad is an alternative layer one that I think will rival the speeds of things like Solano and will still be EVM compatible. So that's an area that we're seeing right now in the market. The player that's done this and announced it today is Say. Say is a Cosmos chain that I would say was trying to just have very competitive TPS. And it announced today that they're going to go down the EVM route. So they're kind of aligning with that type of, you know, design rather than the move languages, for example, something like Aptos and Sui. And that's tagging along to the Monad narrative. I think Say is kind of jumping on to what they're seeing with Monad, which will come online in Q1. So scaling the EVM, I think is probably the most exciting bet that I'm seeing. Well, and I think that's something also that's kind of a trend that's starting to take place right now, especially like you mentioned, we're going to see new blockchains coming on that are dealing with, you know, TPS speeds that are unfathomable in terms of just being able to handle scale, which, you know, Solana is doing a pretty interesting test right now, obviously with Fire Dancer rolling out and deploying. They've got this thing going on with Visa where payments might be, you know, Solana pay could be a real thing within this next cycle. Retail adoption could be coming on chain, which if you look at what Visa, if they have any potential of running nodes and things of that nature, there could be some interesting scenarios. Okay, so I like leveraging against both, you know, if you're, whether you're an ETH fan or a Solana fan and you like the ecosystems, but let's go further in and say Solana versus an Avalanche. Avalanche, a lot of recent news, obviously we just had John Woo on the show, and you look at what Solana has been able to do versus Avalanche, and then you kind of step back and say, okay, well Avalanche has kind of taken a little bit of a different approach. What are your thoughts between those two projects right now? Yeah, you know, over time my opinions have shifted. I think right now it's looking like the Solana sort of monolithic approach makes more sense as a counterbalance to Ethereum, you know, the Avalanche and the subnets and what they're doing is closer to some of the other ecosystems. If you're going to believe that, you know, the experience is very monolithic as opposed to modular, then Solana is the bet that makes sense. I think Avalanche kind of stuck in the middle of, you know, trying to find the use case for it, you know, what exactly, what kind of projects make sense. And we've seen some gaming projects try, but I think gaming projects always, you know, like to be potentially on their own subnet, but also in their own chain. Yeah, I personally feel like Solana has shown more culture as well, like the resilience of the community there, you know, they have a lot of NFTs and they have a lot of things going on that are unique to that ecosystem. You know, Avalanche tried to get a little bit of traction with things like Stars Arena and the social fight. They tried to tap into the trend with Frantech, but that didn't go very well because, you know, there are all kinds of hacks and things going on. So yeah, right now between the two, I think Solana is more poised to make that sort of barrier that you need to cross over to sustain into the next cycles. Yeah, we're looking at both. And I think, you know, for most people, diversity is one of the things that's very good, you know, from a strategy standpoint. I know that's what we do. When you look at 2024, how are you playing it right now? If you look at trying to develop a strategy, whether you're going into, you know, layer ones, you look at some of the layer two projects, whether you want to take a look at social fi or gaming, is there any particular category that you're starting to research a little bit more? I mean, definitely always researching, you know, all the major categories, token wise, what we'll see pretty soon is the, the large cross chain messaging. So layer zero, wormhole, it's going to be similar to the chain link versus pith thing, you know, the next time you'll be asking me about those two, and which one of those two is better. And I think they'll both probably get tokens early in the year in 2024. You know, there are competitors, there's some overlap in the approach. But so we're looking at that definitely studying that want to be on top of it when that when that comes online very soon. I think both projects have have a lot of merit. So we're, we're diving in right now we'll, we'll talk about which one looks better. Otherwise, you know, some vanilla stuff, we really just think that the Ethereum ETF will probably be potentially successful. And I don't think we'll see altcoins have ETFs anytime soon that might years before we get like a Solana ETF. So I think there will be this catch up period for Ethereum. And that should do well for all the kind of main Ethereum coins as well. Things like chain link, you know, could do quite well once once Ethereum ETF gets approved. Jordi, it's always fun talking to you always learn something and you have a different, you know, viewpoint on it much more pragmatic, which I love to see in this space for sure, compared to some that are out there. So thanks again for coming in today. We appreciate it. I know it's late for you. So get some rest. Thanks for stopping in. Absolutely. Thanks, Paul. It's been a pleasure. You bet. All right. So you guys are maybe tuned in over on the podcast side of things right now. Make sure and jump over to the YouTube channel and get get in on all this action. This is where you learn a lot about Web3, what is really happening in blockchain. And the one thing I think that even Jordi mentioned there is how utility is starting to make its way into this cycle. I think that's one of the big things that you're probably going to see with Solana, Avalanche, others out there along with many of the projects that we talked about today. So this is a place to catch it over here on YouTube. Make sure and drop a like and subscribe. If you're not already subscribed to the channel, this will hopefully be your new home and destination for this next bull run. Of course, if you guys want to catch me, it's out there on X at Paul Baron. We'll catch you next time right here on Tech Path.
HASHR8
A highlight from Bidens AI Executive Order, Core Scientifics Exiting Chapter 11 and Tethers $600M Loan
"Welcome back to the mining pod. We got a great news roundup. Actually, a lot of stuff happened in Bitcoin mining this week, so we have much to get into. The shows have been getting slightly longer. We apologize for that. I think it's because we really like Bitcoin mining, so we just ended up talking about it a lot. As always, Charlie and Matt are joining me today. We'll get into the news in just a moment, but first a word from our sponsors. Did you know that you can make more money by merge mining other networks? Check out makemoremoneymining .com for information on BIPs 300 and 301, a proposal to bring more revenue to Bitcoin miners through sidechains and merge mining, called drivechains. Increase your mining revenues and learn more about participating in Bitcoin governance by visiting makemoremoneymining .com. Are you a miner who wants to activate Bitcoin improvements? Check out activation .watch. See what Bitcoin improvements the Bitcoin community, developers, and miners are considering, and show support by signaling from one of many BIPs up for consideration. Activation .watch. Is your mining operation happening ready? Take control of your own future with the right energy strategy. Lyncoin Energy Trading Platform is a tool used by miners to design, monitor, and seamlessly orchestrate sophisticated energy strategies within electricity markets such as ERCOT, New York, and PJM. Avoid penalties, participate in demand response programs, and capture hundreds of thousands of dollars per megawatt per year by deploying the right block and index strategy. Secure your competitive edge at lyncoin .com. Are you a retail or institutional investor interested in Bitcoin mining companies? The Miner Mag brings you free data and analysis from all major Nasdaq -listed Bitcoin mining operations to know who stands out. Check out visualized metrics and data -dependent stories at theminermag .com. Hey, MiningPod. I'm Lee Bratcher, President of the Texas Blockchain Council. The Texas Blockchain Summit is now the North American Blockchain Summit. The same emphasis on policy, energy, and Bitcoin mining, but now expanded by working with our partners across the country. We've got great sponsors lined up like Riot, Marathon, GDA, Cleanspark, BitDeer, Lanceum, Kormit, Compass, HTS, Crypto Power, Priority Power, Sunoda, and many more. Solidify your next deal or JV or just come for the networking on November 15th through 17th in Fort Worth, Texas for the third annual North American Blockchain Summit. We'll see you there. Okay, welcome back to the show. On the docket, four different topics this week. First, we're going to start off with a little sidebar from Michael Saylor talking about Bitcoin miners dumping on the market. We'll get a little video here in a second, some responses to that. Then we're going to go into the meat of today's conversation. Biden administration putting out an executive order around AI and compute, then moving over to Core Scientific and its notice to move out of Chapter 11 in the coming months, and finishing off with Tether and its recent unsecured loan to Northern Data. So I'll first throw this video up on the screen. Let's take a listen now. Michael, Bob Pisani here. Bitcoin is going to be having a halving next year. That's a rare event. Can you sort of educate the viewers on what happens when that occurs and what, if any, effect that'll have on Bitcoin's price? Well, most of the natural sellers of Bitcoin in the market right now are Bitcoin miners, and they have to sell to pay their electricity bill and their capital cost and retire their debt. That's about a billion dollars a month's worth of selling into the market. The protocol forces that to be cut in half as of about next April, late April. So you're going to see $12 billion of natural selling per year converted into $6 billion of natural selling a year, at the same time as things like Spot, Bitcoin, ETFs increase the demand for Bitcoin. So that's why all of us are fairly bullish over the next 12 months. Demand's going to increase, supply is going to contract, and this is fairly unprecedented in the history of Wall Street. All right, I'll start off with this one. Yes, please do. Okay, so his assumption is that every coin that is mined is going to be sold basically immediately by a miner. Where I agree with him is that miners are natural market participants, and they are natural sellers in some degree in the sense that that is how they receive their revenue through mining, earning Bitcoin, and then they do have operational costs that they have to pay. But as we've seen clearly by public miners, right, in a very public fashion, people hold Bitcoin. Miners particularly hold Bitcoin in our long Bitcoin. He also makes it sound like this is a kind of a lot of spot market sell volume, when he said about a billion a month, which that's the upper bound. Where daily spot Bitcoin market volume is like this year, I would say average probably five to seven billion a day, right? And that's probably on a subset of exchanges, not globally. So we're talking about a pretty small market impact with not necessarily right numbers. Not to completely call them out, but I don't know, Charlie, what do you guys think? He can call them out. I'll echo what you said, Matt. I mean, miners are a natural seller of Bitcoin to cover opex. And this has kind of been a part of the conversation. Are miners the primary seller? Are they kind of the primary driver of this selling pressure in the market? If we back test it, if we look at real numbers, it's pretty clear they're not the primary driver. They're not the main seller of Bitcoin that happens kind of for other market reasons and other market participants. So I think it's actually pretty well understood of a phenomenon now or kind of mechanic in the market where I would say sailors kind of wrong characterizing it like this is not entirely wrong talking about the other things such as issuance and supply and demand ramping up. But as far as like sell pressure, I think that's a mischaracterization. Yeah, so I saw this video this morning on my feed, and I got a little annoyed because I do think like there's a lot of misinformation around Bitcoin selling into the market. I think it's just like the easy swing to take at people. And he does have like a lot of broad strokes answers within the CNBC interview. And I understand why he's talking to like a boomer market. They're not necessarily going to get it. They can understand that there's these miners and they sell. So that's why they like make everything so abstract. That being said, a billion dollars a month is not what we're seeing. So I looked at two metrics, just to sort of understand how miners are selling right now. One being this one from CoinMetrics, which takes a look at the one hop addresses, which would probably be Bitcoin miners. That's the best we can kind of guess. And how often they are selling based on what is their supply? Is their supply decreasing over a certain time period? And from August to October, it decreased by about a billion dollars USD over like a 60 to 90 day period you can see here on the screen. But it's actually rebounding right now. So that means miners are probably holding more. The second metric we looked at was the percentage of cells or the amount of Bitcoin sold by public miners. So we have that information from their statements they put out every month, and we have about 20 of these public miners. And they put out how many Bitcoin they sell every single month. And I just went back and looked at the last month that we have numbers for in September. And above 15 public miners took a look at, they sold about 165 million dollars worth of Bitcoin over that time period. And that's possibly like between 20 and 25 percent of network cash rate. So to get to Michael Saylor's number of one billion dollars sold per month, you'd have to assume that all these other Bitcoin miners are also dumping on the market and they're also dumping on like a price point that would push it towards a one billion dollar volume. It just seems like a little nonsensical to me. And then the other thing I wanted to mention was he talks about like this cell pressure is always there when it's not. You can look at this chart right here. You can see like Bitcoin miners are typically accumulating. They're not really selling. A lot of the miners we've tracked over the last year or so have been accumulating. It's only been the last few months that they're selling and they're really only selling their production. They're not selling their treasuries. They typically have very large totals. But we've probably beaten that subject to death unless Matt, you have a follow up? I was just going to say if what Saylor was saying is true, that chart would be a flat line, right? Because it's a cumulative amount held by the addresses. But very different, yes. Well, actually, you should you should relay that it's in dollar terms. You should relay the Bitcoin price over the chart. But you can see on that chart that in May 2020, it was going up, right? So when the previous halving hit, actually the amount held by miners was increasing as coins were being issued at one half the rate. Maybe that'll happen again. I do like starting off an episode with a modest Saylor pushback. So a modest proposal for Saylor. That's okay. He bought more Bitcoin this week. So I guess we'll take it. Well, we'll appreciate what he did. Let's go over to another video clip. The Biden administration this week put out an executive order relating to general compute and AI, essentially stating that if you're over a certain size of compute, then you need to register with the national government so they can keep an eye on you. Very interesting executive order that made a lot of people in the tech industry unhappy. I saw Marc Andreessen tweeting about this. I saw numerous people tweeting about this in the tech industry, saying you can pry this GPU out of my cold, dead hands is basically the tagline. Now for the gist of it, I do want to get into it in a second. It does seem like the regulations are such a high hurdle or threshold at this point that's not really going to affect the industry. It's like a forward -looking regulation. But it is somewhat concerning. Before we go into that, I do want to show this clip from Sam Altman, the CEO of OpenAI. He testified in May to Congress about the need for regulation in AI. And to me, this is sort of where the whole story begins. So I get this video first before we dive into anything else. But it is absolutely true that the number of companies that can train the true frontier models is going to be small just because of the resources required. And so I think there needs to be incredible scrutiny on us and our competitors. I think there is a rich and exciting industry happening of incredibly good research and new startups that are not just using our models, but creating their own. And I think it's important to make sure that whatever regulatory stuff happens, whatever new agencies may or may not happen, we preserve that fire. Charlie, I'll hand it over to you to get your take on it. This pissed off a lot of people in the tech industry, as I think it should. But where do you think you draw the line for regulation? Dude, I'm really not that qualified to talk about regulation on AI. I think this should be a careful scrutinized industry, but I don't know how we should scrutinize it. Sam Altman tends to be a divisive figure and kind of rubs me the wrong way as far as like how much trust him to be the figurehead for this new frontier, as he says, but I really don't have a strong take on this. I'll throw it over to Matt. I will give my consumer's perspective, but I guess like Sam Altman is, and that's the first time I've seen that clip, but he's like in a line of these notorious tech founders, Zuckerberg, Elon, coming to Congress and saying, we are open, please regulate our industry. I can't help but think, of course they want that. It just gives them a bigger moat if there's more regulatory capture, if there's more licenses that need to be done that restricts open competition. My worry is that in the AI industry particularly, if there is a higher barrier to compete, that when we interact with AI, there will be kind of a standard truth among them that spits out a lot of very plausible, believable answers, but if you've interacted with any of the earlier large language models of today, they can be very believable, but they can also be incorrect if you are asking them about things that you yourself are a subject matter expert on. I think open competition is a very good thing in the sense that other perspectives or more truths can be relayed to you from interacting with AI. That was a bit of a rant, but the general sense is that open competition, I think, is pretty important in the AI space, especially with how big people are forecasting it will become. I went to see the Oracle of All Truth, which has read it to better understand this executive order, and the executive order said, quote, any model trained with over 280 million H100 hours, H100 being a model of GPU, or any cluster with 10 to 20 FLOPS, which is 50 ,000 H100s, so it gave this very generalistic metric for understanding what is going to be regulated by the government or must be regulated by the government, and for most people, it's like, I have no idea what that is, but according to Reddit, the idea here is that this is a very, very high threshold. Only a few companies would be able to do this. The Microsofts, meet that threshold at this point, but that does give the government the ability to start incrementally regulating this industry as it gets going and off the ground, very much in the same way that they tried to do this with early compute in the 70s and 80s. They tried to do with cryptography in the 90s. Typically, all these things fail over time, but it does present a large hurdle and or does create monopolies within the new tech sector. I'll say it seems ridiculous to me to define an amount of compute at the legal or at the structural level. This is the fastest moving industry, so by the time this becomes enshrined into law or policy, then we will already have been Moore's law 18 months, doubled the amount of compute or whatever. It seems crazy to me to define it like that. I have not had a lot of faith in our regulators to tech understand at a level well enough to regulate it, so I'm not super optimistic that we'll know what we're doing this time around.
WTOP 24 Hour News
Fresh "Oracle" from WTOP 24 Hour News
"First lady legendary rosalynn carter has been laid to rest officially in her hometown of georgia this week and recapping henry kissinger also breaking this morning the controversial diplomatic powerhouse whose service under two different presidents richard nixon and gerald ford left a significant mark on u .s policy has died this week at one hundred more in just minutes you are listening to 103 .5 luteal p dot com how do you keep up in a world wtop news that's how get up to speed check back with us two three four times a day wtop news facts matter every success you've had began with opportunity now there's another one at university of maryland global campus we provide no cost digital resources to replace textbooks in most courses and that's not all you'll receive your accredited online education at an affordable tuition with a choice for more than 125 degree and certificate programs with online in hybrid courses get everything you need to succeed again learn more at umgc .edu certified to operate by chev good thursday morning november 30th 148 in the morning on wtop over to ken burger first this morning in the wtop traffic quiet right all through the washington area there are no active work zones and no accidents reported on the capitol beltway both in virginia and in maryland so it's a good looking ride the only blemish on that record on the inner loop over on the side west you have that lane divide or new traffic pattern i should say on the approach to the dellis toll road where lanes go from four to three and that is currently causing just a very brief delay no other worries anywhere on the capitol beltway work work zones in maryland include in an oracle county on westbound one hundred uh... right around two ninety five you've got single lane closures because of some uh... pavement and safety improvement operations this is causing a very brief delay coming over from ninety seven would you clear that the right westbound one hundred is good there are no major delays currently on the eastbound side of one hundred coming over from the bw parkway two ninety seven ninety seven in anorano county clear from heading round fifty up to the beltway in baltimore and at the bay bridge you still have the eastbound span shut down one lane open either either direction on the westbound span the central and closed as a buffer zone and the right either direction of fifty between the bay bridge and at the cabo to beltway running in the clear there are no lanes that are blocked for any particular reason we do have a couple of lanes blocked to the left on southbound three ninety five at the fourteen street bridge in washington this because is of new road construction activity only the front lane is open there were some delays from maine avenue they have all cleared out i'm ken burger w t o p traffic looking forward to plenty of sunshine later this morning into the afternoon with daytime high temperatures anywhere from the upper forties in our northern western suburbs to lower to middle fifties inside the
Ethereum Daily
A highlight from Kelp DAO Introduces rsETH Liquid Restaking
"Welcome to your Ethereum news roundup, here is your latest for Wednesday, November 1st, 2023. KelpDAO introduces RSEth Liquid Restaking, Pythe Network announces its Pythe token airdrop, Eigenlayer begins its LST race, and Rarible introduces Marketplace as a service. All this and more starts right now. KelpDAO, a collective focused on maximizing rewards from staked assets, has introduced RSEth, a liquid restaked token which can be minted against LSTs approved as collateral on Eigenlayer. Restaking permits Ethereum validators to allocate their staked ETH to secondary services in exchange for earned rewards. Liquid restaking increases the liquidity of staked assets. RSEth enables fractional ownership of the restaked asset, simplifies access to restaking, and fosters deeper integrations with DeFi. RSEth is currently on testnet, KelpDAO plans to complete security audits and form key partnerships ahead of a mainnet launch. Pythe Network, a provider of off -chain price feed oracles, unveiled its native Pythe token alongside a retrospective airdrop. Users eligible for the airdrop include those who used any application that uses Pythe data across any of the 27 supported blockchains. The applications themselves will also be granted an allocation of the airdrop. Out of the 10 billion Pythe tokens supply, 6 % is allocated for the airdrop campaign, benefiting 75 ,000 eligible addresses. The Pythe token is not yet live and the date for claiming is yet to be announced. Pythe Network aims to stimulate governance participation to transition the network towards a decentralized and permissionless state. Voting for the Eigenlayer liquid staking token contest is now open. To be listed as a collateral type on Eigenlayer, LSTs must reach a minimum of 15 ,000 ETH in community votes. Eigenlayer will then integrate eligible LSTs sequentially over the coming months. LSTs with the highest vote counts will be prioritized for integration. Users who held LSTs at the snapshot date can vote in the contest. The voting power each user possesses corresponds to the USD value of the LSTs held during the snapshot date, with each dollar equating to one vote. Voting will remain open for a duration of 7 days, ending on November 8th at 12pm EST. And lastly, aggregated NFT marketplace Rarible introduced RaribleX, a marketplace -as -a -service platform for launching custom NFT marketplaces. Rarible anticipates that the next market cycle will extend NFT use cases beyond profile pictures requiring tailored user experiences. RaribleX allows paying users to deploy custom front -ends, access marketplace insights, and multi -chain support. In other news, Lominoes releases a base RPC, Modulus raises a $6 .3 million seed round, and Catalyst integrates Cosmos to Ethereum cross roll -up swaps. This has been a roundup of today's top news stories in Ethereum. You can support this podcast by subscribing and following us on Twitter at ethdaily. Also subscribe to our newsletter at ethdaily .io. Thanks for listening, we'll see you tomorrow.
Coronavirus
A highlight from Kelp DAO Introduces rsETH Liquid Restaking
"Welcome to your Ethereum news roundup, here is your latest for Wednesday, November 1st, 2023. KelpDAO introduces RSEth Liquid Restaking, Pythe Network announces its Pythe token airdrop, Eigenlayer begins its LST race, and Rarible introduces Marketplace as a service. All this and more starts right now. KelpDAO, a collective focused on maximizing rewards from staked assets, has introduced RSEth, a liquid restaked token which can be minted against LSTs approved as collateral on Eigenlayer. Restaking permits Ethereum validators to allocate their staked ETH to secondary services in exchange for earned rewards. Liquid restaking increases the liquidity of staked assets. RSEth enables fractional ownership of the restaked asset, simplifies access to restaking, and fosters deeper integrations with DeFi. RSEth is currently on testnet, KelpDAO plans to complete security audits and form key partnerships ahead of a mainnet launch. Pythe Network, a provider of off -chain price feed oracles, unveiled its native Pythe token alongside a retrospective airdrop. Users eligible for the airdrop include those who used any application that uses Pythe data across any of the 27 supported blockchains. The applications themselves will also be granted an allocation of the airdrop. Out of the 10 billion Pythe tokens supply, 6 % is allocated for the airdrop campaign, benefiting 75 ,000 eligible addresses. The Pythe token is not yet live and the date for claiming is yet to be announced. Pythe Network aims to stimulate governance participation to transition the network towards a decentralized and permissionless state. Voting for the Eigenlayer liquid staking token contest is now open. To be listed as a collateral type on Eigenlayer, LSTs must reach a minimum of 15 ,000 ETH in community votes. Eigenlayer will then integrate eligible LSTs sequentially over the coming months. LSTs with the highest vote counts will be prioritized for integration. Users who held LSTs at the snapshot date can vote in the contest. The voting power each user possesses corresponds to the USD value of the LSTs held during the snapshot date, with each dollar equating to one vote. Voting will remain open for a duration of 7 days, ending on November 8th at 12pm EST. And lastly, aggregated NFT marketplace Rarible introduced RaribleX, a marketplace -as -a -service platform for launching custom NFT marketplaces. Rarible anticipates that the next market cycle will extend NFT use cases beyond profile pictures requiring tailored user experiences. RaribleX allows paying users to deploy custom front -ends, access marketplace insights, and multi -chain support. In other news, Lominoes releases a base RPC, Modulus raises a $6 .3 million seed round, and Catalyst integrates Cosmos to Ethereum cross roll -up swaps. This has been a roundup of today's top news stories in Ethereum. You can support this podcast by subscribing and following us on Twitter at ethdaily. Also subscribe to our newsletter at ethdaily .io. Thanks for listening, we'll see you tomorrow.
VUX World
A highlight from AI in Healthcare with Adam Odessky, Sensley
"Start the proverbial stream and here we are this is indeed yes yes yes as it is right now hello ladies and gentlemen boys and girls here we go welcome welcome welcome to VUX world I'm your host Kane Sims and I am with today Adam Odeski from Sensely. Adam hello. Hello Kane how are you? Good to connect. Good to connect long follower time first -time caller that's me to you not you to me I've been following you for a long time definitely definitely yeah it's I'm so glad that we can connect and definitely definitely appreciative of your of your time and we're gonna jump in in just one second but very firstly before we do that I just want to quickly give a shout out to everyone who's tuning in whether you're on the podcast whether you're on LinkedIn YouTube wherever you are we are doing webinar a on it's it's a fortnight it's probably two weeks away now depending on when you listen to this but it will be on the is it the 9th let me just double check my dates the 9th of November save the day 9th of November and what it is is we will be joined by wisdom we did a webinar with them previously we had a look at that tool we had a look at the conversational analytics components there this time we're going to be taking you through a framework for chatbot improvement and this is the whole kind of theme for this is patronum expecto summoning the majesty of chatbot improvement if you in fact if you're a Harry Potter fan you'll like the the theme for this one but even if you're not Harry Potter fan doesn't really matter because it's not magic it is a proven framework it's a step -by -step process and we're gonna walk through some case studies and some examples of how you can first find the things that need your attention so you're not working on the wrong things you make sure you're working on things that are moving the needle what kind of things can you do to remedy it how do you track improvements over time and how do you make sure that your chatbot is constantly delivering value to to the business so if you are interested in joining that you can go to V UX dot world forward slash events or you can go to the V UX dot world website and the events tab there and feel free to enroll and join and we will see you next Thursday alright as I said thank you Adam for for joining me well let's let's kick off let's kick off with with yourself first of all and we'll get into sense because I know since he's been around for a long time actually so tell you tell us tell us a bit about yourself and how you how you kind of got involved with essentially oh yeah sure so I've actually been in the avatar or the voice user interface world for a very long time my first job out of college was actually with the Oracle voice lab in Chicago where we were building enterprise this is back in 2001 I guess I'm trying to kind of figure out I'm getting old I feel pretty young feel like a kid still but I guess I'm pretty old now but back into back in the early 2000s I could say my first job out of college was with the Oracle voice lab and the goal of the Oracle voice lab was to build enterprise voice applications that would sit on top of the Oracle application server so things like email and calendar and files things like that sort of like what Siri does today or the Apple you know the smartphones do today we're building in voice with voice applications and the goal for establishing the Oracle voice lab and these applications was basically one executive at Oracle who wanted to listen to his email on his commute in Silicon Valley from like his his place in Santa Cruz up to Redwood City so he really wanted to like listen to his emails as he was driving he's like okay well let's let's establish this lab so we can build these voice applications like what I have to do for the day and my emails from the last night and my first sort of I guess claim to fame or one of actually the first applications that I wrote was voice access to email where it was based sort of a voice made a voicemail model and it's interesting with the voicemail model because back I guess voicemails you can just tap and listen to voicemails today but you know quite early before the way the way you would listen to voicemails is that it wouldn't go from the the latest voicemail that you have down to the earliest unread voicemail it would start at the earliest unread voicemail that you have and go up to the latest so more chronological order and so that was the pattern that we used for building voice access to email we wanted it to be just like voicemail and that was kind of a tricky algorithm to figure out which which of your emails is the most unread one you know the earliest unreading you have so I had to like build this application to sort of start with that earliest unread email and they had maybe other unread email scattered throughout your inbox but the earliest that was in chronological or in like pattern order that also follows other unread emails all the way up to the top and we use kind of a it was like a Genesis platform or the voice genie platform IVR platform at the time to to basically use voice XML right and I was a voice ex developer I started out as a voice XML developer to to build these to build these applications and besides email I built you know calendar and you can listen to like you you know the appointments so you have for the day and and you know in file so it's kind of an early version of a voice based assistant digital assistant you can you can compose new emails and you would use your voice to basically compose the email so we didn't have great speech -to -text technology back then so the the emails would come as with a voice with an audio attachment basically of your recording but we had you know a large grammar for and we had recognition to like basically say the name of the person that you're trying to email so that was kind of early experience one of the earliest they think experiences in building these kind of voice only IVR applications for enterprise right for personal information for information management that that employees could use whatever they were away from the phone so that was sort of the start of my career that's how I got into this space building these applications later on I actually worked on a real voicemail product that was based on email except the emails were actual kind of deemed as voicemails you can just listen to your voicemails that used email servers to basically be transferred around and later on I went after that I went to work for for tell me networks which was later acquired by Microsoft and there's another example of a similar thing though wasn't it an IVR based assistant that's right that's right and tell me networks had a very actually large enterprise business as well and this is where I got a chance to work with big companies building both inbound and outbound IVR applications for their customer service so we worked with you know companies like United Airlines and E trade a bunch of a bunch of these big names insurance companies like Humana etc and I always had a I had a kind of a niche for health care you know on the my family had a lot of kind of health care issues over the years my grandma especially had heart failure and it was interesting I was so experienced with these customer service IVR applications but if you look at you know the way doctors work the way hospitals work they hardly use any of these kind of technologies to communicate with their patients it was always difficult to get a hold of a doctor was difficult to book an appointment and especially people with chronic conditions you know they they hardly ever followed up and you know the way the better these conditions is for you to check like you check various vital signs like blood pressure and weight and you know other things like glucose levels if you're diabetic and I always like I wondered why is the healthcare industry so far behind you know travel and transportation for instance or insurance or you know hospitality and those are the industries I was mainly dealing at tell me and Microsoft and so that's kind of that itch became sort of a passion of mine to build something that was similar to what I was building in you know it tell me in it oracle but specifically focused on the healthcare industry to do these kind of IVR outbound follow -ups and you know conversations where somebody can report something new or report their symptoms and that's sort of the that led me to eventually start building out Sensly to focus on that part of the industry which I thought was very much underserved but at the same time the need was I thought higher than and you know both the social need and the financial need you know was it was higher than any other sort of enterprise applications I've ever worked on and that was sort of the focus that I started the path that I started going on which eventually led to creating Sensly and then here we are yeah here we are the rest is history so they say that's really interesting that the the stuff from from before they're kind of like the tell me stuff in that was that using like keyword recognition was there like it and it was that one of the first sort of like intent based NLU systems like what kind of stuff was that using and and how did that inform what you wanted to do when you started building Sensly yeah so back then tell me and a bunch of other companies in the space this is around you know 2005 2010 I would say that that period in time that was still heavily using voice XML as a language for creating these applications the way voice XML works it's very similar to HTML where you would specify these tags of prompts that you want the you know the voice bot or the IVR system to say and then you'd have these grant would call them grammars back then I haven't used that term I haven't heard that term now being used in a while but you would build grammars of the things that you wanted to recognize and now I guess these are called intense and the way you build grammars there's a bunch of these grammar specifications like GSR and and some other ones but they kind of involve both sort of specifying the kind of keywords right that you want the system the speech recognition system to to listen for and some of these can be very large you can have a very large data set of keywords and then you could also specify like slot fill so which which keywords or which words or which phrases I need to be assigned to a particular slot and that's kind of a definition of an intent right you have a bunch of these kind of phrases and patterns and there's a lot of these pattern matching type of scripting involved into figuring out like these particular patterns and these kind of patterned orders is what a person has to say in order to fill this particular slot and that's the intent definition I think is much more broad now and you can specify a lot more things you'd be able to specify before but you know the GSR and the other kind of grammar definitions that then we're pretty sophisticated the the the speech recognition systems obviously weren't as sophisticated because you didn't have this speech -to -text translation that you have now and the matching of the speech recognition system was specifically done on these grammars you have to pass it into the speech recognition system specifically what you're looking for and it'll tell you whether there's a match or not now what it does is obviously translated to text and then you can do a lot more more specific and more customized matching on that text to figure out exactly what you know what you're looking for what the intent should match to what do you think because that because voice XML not very many companies use voice XML anymore don't do they where our CTO Justin he was saying that there's a lot of functionality that voice XML had that now doesn't kind of exist like what was how is there anything from your perspective being lost in the kind of transition to that more sort of speech recognition translated to text pass it off to a to a you system and like is there yeah is there anything that you think it's been sort of lost there was any benefits to it over and above I think the specification of how you would listen for particular types of phrases or particular kinds of intentions was much kind of easier to imagine for a developer to kind of figure out like this these are the kinds of things that I'm I'm listening for but I don't think there's anything that's been lost specifically I think there's just more features that were more obvious that made people think about how to develop an application like the these grammar specifications so they'll turn out a lot like what exactly this is do I want from this and it's harder to do that now with just speech to text where you're getting like a text string the other thing that you know in text -to -speech you use SSML which is a markup language to specify like the prosody or how the language or how something is pronounced or how something is spoken and I see fewer and fewer companies and developers using the power of SSML to specify how to pronounce specific specific things they kind of rely on the text -to -speech engines to just give them what they want when they give it the text without thinking about how that text should be spoken but the SSML inside voice XML kind of provided sort of an obvious way and made the developer think or the designer think about specifically not just you know what what the text should be spoken according to design but how the text should be spoken what kind of tonality to use what kind of prosody to use where to put in the specific like excitement or emotional cues we do that quite a bit at Sensley because you know healthcare conversations by nature have to be empathetic or we want them to be as empathetic as possible to reassure patients or to reassure you know people that everything's gonna be okay and we use quite a bit of that's a smell in our work but I don't see a lot of designers well building voice applications do to these things today because I don't think a lot of them actually know that SS this even though you can and most text -to -speech engines you can embed us SSML inside the prompts but they're just not well known yeah I agree and then that's that's with a voice user interface all you have is what it sounds like so like this is ML is a crucial sort of design tool to make sure that you can create the experience in a way that people expect you know so I definitely agree yeah yeah there's such an underutilization of SSML I think the Alexa community that's when I first come across since it actually it was when I was kind of like you know really tracking the Alexa movement we were building out and designing Alexa skills and Google actions and stuff and that I think Amazon did a pretty decent enough job of kind of you know educating people about SSML but the the community now is there's people come from absolutely all over the place some people come for messaging now they're kind of doing voice some people come from the contact center kind of like getting into it that way and so I agree there's definitely a gap there in people's one maybe is understanding and to certainly usage of SSML and it doesn't make a huge difference and if you look at the rate then you know the ratings for how people have people complete conversations what people actually think of the of the you know that the voice bot those things really make a difference as far as like judgment as far as appreciation as far as empathy and connection I think those are important tools to build really high quality voice applications definitely so so so you you left what was then Microsoft then you you think you are you identified that there's a an opportunity in healthcare you had the idea for sense Lee where did that kind of begin it was 2013 so it was a while ago so what were the first kind of few years like of getting essentially going yeah so since Lee actually started in the orange voice lab or the orange the orange lab or is a large telecommunications company you may know based in France yeah in the UK as well used to be France telecom and so I worked at the local research lab here in San Francisco that's where I built the first prototype of the avatar having conversations with patients that was the original sort of goal of my project at that point in time avatars only existed on the web via Adobe Flash I remember that yeah it was important you know at that point there were no avatars for the mobile phone right down to the kind of for avatar creation tools so what I did was this is like the hack at the time I made Adobe Flash work on on the iPhone and was able to make it the avatar work on both Android and and the iPhone and the first sort of applications were kind of a symptom checking a symptom checking tool and that's when you know like I displayed this tool at like like an event one of the events here in San Francisco it was health 2 .0 and I got like a standing ovation based on this avatar that like this talking avatar nurse that that I built as a demo and orange got really excited and they allowed me to spin out the company and that's what became sense Lee and that's how since we started in 2013 he knows actually a spin -off from orange and the first application that we built was the symptom checking application that was able to essentially that we marketed it as a virtual nurse a virtual avatar nurse that you can get on your smartphone and you can tell it what your symptoms are and it would basically navigate and ask a few questions navigate you to the appropriate place for care for care and we we we started the company we joined a couple accelerators there was our initial kind of fundraising is that we got a couple hundred thousand dollars for from alchemist accelerator and a few investors and our first big client that we landed it was actually the NHS which you may be familiar with the National Health Center here in the UK oddly enough we're a u .s.
The Voicebot Podcast
A highlight from Generative AI News This Week - Alexa LLM, DALL-E 3 in ChatGPT, Mircosoft Copilot, Google Bard, Funding, and More - Voicebot Podcast Ep 353
"This is episode 353 of the VoiceBot Podcast. It is also the 33rd edition of the Generative AI News Rundown. Today's top stories include Alexa gets an LLM, Dali comes to chat GPT, and Microsoft Copyle and Google Bart get new features and new integrations. Hello there to everyone in VoiceBot Nation and the generative AI lands of Synthia. I'm Brett Kinsella, the host of the VoiceBot Podcast. This episode of the Generative AI News Rundown returns to a focus on recent moves by the tech giants. Eric Schwartz, the head writer for VoiceBot .ai joins me again this week to break it all down. Top stories include Amazon embraces generative AI by adding an LLM to Alexa. I was on hand at Amazon's HQ2 for the announcement and had a chance to speak with some of the senior leadership in the executive team and also get hands on with the new solution. So that'll be interesting to talk about. We also have a segment on assistance on Parade as Bart gets integrated with Google Workspace and Microsoft Copilot for Windows 11 was announced. This is pretty interesting how each of these companies is taking a slightly different strategy in the space. And we have a cool demo from some new technology from R1, who is known for virtual humans, but they're going beyond that now. In funding stories, we hit on a recent acquisition by Roblox of a leading voice AI startup. You may be aware of this, but if not, I think you'll be interested. And there's a big funding round for Jasper, competitor writer. Also on the generative AI product and feature front, we have news from OpenAI, Oracle and Morgan Stanley. As per usual, we finish up with the generative AI winners and losers of the week. Next up, Alexa gets an LLM, Bart and Copilot go head to head, images come to chat, GPT and much more. Let's get started.
CoinDesk Podcast Network
A highlight from MARKETS DAILY: CoinDesk Market Index Week in Review
"This episode of Markets Daily is sponsored by CME Group. Wondercraft AI Voice here to give you three crypto market takeaways from last week. And stick around at the end, we will have additional analysis from David Adderman, co -founder and managing partner of OmniChain Capital. First, Tracy Stevens from Coindesk Indices provides week -to -date numbers over the Friday -to -Friday time period. The price of Bitcoin experienced a significant surge this week amid hype around a potential spot ETF. BTC is up another 14 % since midnight on Sunday, which brings its year -to -date gain to 75%. There has been a divergence in performance this month among larger protocols. Solana has increased by more than 50%, while Ether is up only 7 % so far in October. Both are members of Coindesk's large -cap select index, DLCS. Oracle provider Chainlink is up 21%, and Indexer. The graph is up 19%. Both members of Coindesk's computing sector have relatively outperformed compared to other assets. This continues a longer -term trend of computing sector outperformance. Stay tuned. After the break, we will bring you an expert analysis of this week's takeaways provided by David Adderman of OmniChain Capital. CME Group cryptocurrency futures and options provide market -leading liquidity for Bitcoin and Ether trading. These cash -subtle contracts give full exposure to crypto performance without the hassle of holding the physical position. No digital wallet? No problem! Trade nearly 24 -7 in a transparent CFTC -regulated market. Visit cmegroup .com slash crypto to learn more. This communication is not directed to investors of any specific jurisdiction or to recipients based in jurisdictions in which distribution is not permitted. It cannot be considered investment advice or results of market experience. Past results are not indicative of future performance. Trading derivatives products involves the risk of loss. Please consider it carefully. Full disclaimer included in show notes.
Markets Daily Crypto Roundup
A highlight from CoinDesk Market Index Week in Review
"This episode of Markets Daily is sponsored by CME Group. Wondercraft AI Voice here to give you three crypto market takeaways from last week. And stick around at the end, we will have additional analysis from David Adderman, co -founder and managing partner of OmniChain Capital. First, Tracy Stevens from Coindesk Indices provides week -to -date numbers over the Friday -to -Friday time period. The price of Bitcoin experienced a significant surge this week amid hype around a potential spot ETF. BTC is up another 14 % since midnight on Sunday, which brings its year -to -date gain to 75%. There has been a divergence in performance this month among larger protocols. Solana has increased by more than 50%, while Ether is up only 7 % so far in October. Both are members of Coindesk's large -cap select index, DLCS. Oracle provider Chainlink is up 21%, and Indexer. The graph is up 19%. Both members of Coindesk's computing sector have relatively outperformed compared to other assets. This continues a longer -term trend of computing sector outperformance. Stay tuned. After the break, we will bring you an expert analysis of this week's takeaways provided by David Adderman of OmniChain Capital. CME Group cryptocurrency futures and options provide market -leading liquidity for Bitcoin and Ether trading. These cash -subtle contracts give full exposure to crypto performance without the hassle of holding the physical position. No digital wallet? No problem! Trade nearly 24 -7 in a transparent CFTC -regulated market. Visit cmegroup .com slash crypto to learn more. This communication is not directed to investors of any specific jurisdiction or to recipients based in jurisdictions in which distribution is not permitted. It cannot be considered investment advice or results of market experience. Past results are not indicative of future performance. Trading derivatives products involves the risk of loss. Please consider it carefully. Full disclaimer included in show notes.
CoinDesk Podcast Network
A highlight from UNCHAINED: Why a Spot Bitcoin ETF Will Probably Launch No Later Than January 10
"Hi, everyone. Welcome to Unchained, your no -hype resource for all things crypto. I'm your host, Laura Shin, author of The Kotopians. I started covering crypto eight years ago and as a senior editor at Forbes was the first mainstream media reporter to cover cryptocurrency full -time. This is the October 24th, 2023 episode of Unchained. DeFi just got away easier with Vaultcraft, Popcorn's no -code DeFi toolkit for building, deploying, and monetizing automated yield strategies. From institutional service providers to DeFi degens, anyone can use Vaultcraft to supercharge their crypto with custom cross -chain yield strategies. Learn more on vaultcraft .io. The game has changed. The Google Cloud Oracle built for Layer 0 is now securing every Layer 0 message by default. Their custom end -to -end solution sets itself up to bring its world -class security to Web3 and establish itself as the HTTPS within Layer 0 messaging. Visit layer0 .network to learn more. Buy trade and spend crypto on the crypto .com app. New users can enjoy zero credit card fees on crypto purchases in the first seven days. Download the crypto .com app and get $25 with the code LORA. Link in the description.
Bankless
A highlight from The Bull Case for $LINK (Chainlink) | ChainLinkGod & Fishy Catfish
"The end case of what on -chain finance will ultimately look like where it will be a hybrid of both on -chain executing code as well as these off -chain collateralized assets or natively issued on -chain assets like tokenized bonds. Moving through the system using chain link price data, using chain link proof reserves, using identity data, like all these useful data inputs is ultimately the economy that we're trying to create and a lot of that will end up settling on Ethereum itself as like this neutral meeting ground between different distrusting counterparties where each counterparty has their own chain but they want some settled ground to execute their contracts upon so like this is a bull case for the whole industry it's growing the pie for everybody effectively is really what what chain link's trying to build towards. Bankless nation welcome to the bull case for chain link. A few weeks ago we hosted a long -awaited interview of Sergey Nazarov, the founder of chain link. We got the pitch for why chain link, what it potentially unlocks for the on -chain world. If you haven't listened to that episode yet and you're going down the chain link rabbit hole I definitely recommend listening to that episode. This episode you're currently listening to is what I feel is the second half of that first conversation with Sergey. During our episode with Sergey we stayed pretty high level about chain link and what it is and what an oracle network is. We never really got the chance to talk about the link token specifically. Chain link is understood to me now but the role and function and the upside of the link token specifically inside of the chain link system was a stone we left unturned in that episode with Sergey. In this episode we attempt to turn over that stone. What is the link token? How does it fit inside the chain link system? How does it capture value? Who is going to pay fees to link token? Sergey said that chain link wants to unlock the hundreds of trillions of dollars of real world assets and bring them on chain with chain link as the conduit of course. If that happens how does link token capture that value in that process? These are the questions I asked two of chain link's most prominent community members chain link god and fishy catfish, two crypto twitter anons who have seemingly committed their online lives to spreading the good word of chain link. So I brought them on the show so I could hear from them directly what exactly is the bull case for link. Bankless nation I am putting on my bull cap today. That means that this conversation is biased to bullish. I am here to understand the bull case for link and share that with you all and if you want to understand the bear case for link and the risks that the link token has this episode will not provide that. You will have to do your own research. Bear hats don't fit very well on my head. I prefer making bullish content so that is what you'll be getting today. Disclosures before we get into the episode with chain link god and fishy catfish. Nothing in particular. I don't hold any link tokens. I'm just here to help articulate the bull case. I do own a bunch of eth and we frequently talked about ethereum in this episode but that likely comes as no surprise to bankless listeners. There is a link to all bankless disclosures in the show notes bankless .com slash disclosures. So let's go ahead and get right into this episode. The bull case for link with two of chain link's most prominent community members but first a moment to talk about some of these fantastic sponsors that make this show possible especially our preferred crypto exchange in 2023 kraken. If you do not have an account with kraken consider clicking the link in the show notes to getting started with kraken today. You can buy chain link the link token on kraken as well as many of the other assets that they have listed because they're an exchange. Let's go hear from them right now. Kraken pro has easily become the best crypto trading platform in the industry. The place I use to check the charts and the crypto prices even when I'm not looking to place a trade. On kraken pro you'll have access to advanced charting tools real -time market data and lightning fast trade execution all inside their spiffy new modular interface. Kraken's new customizable modular layout lets you tailor your trading experience to suit your needs. Pick and choose your favorite modules and place them anywhere you want in your screen. With kraken pro you have that power whether you are a seasoned pro or just starting out join thousands of traders who trust kraken pro for their crypto trading needs. Visit pro .kraken .com to get started today. Celo is the mobile first EVM compatible carbon negative blockchain built for the real world and now something big is happening. Introducing the Celo layer 2. It's a game -changing proposal that's going to bring Celo's rapidly growing ecosystem home to Ethereum. Vitalik has shared his excitement for the Celo layer 2 on the Celo forum so has Ben Jones from Optimism. But why? The Celo layer 2 will bring huge advantages like a decentralized sequencer, off -chain data availability, and one block finality. Which is all that mean? Rock solid security, a trustless bridge to Ethereum, and more real world use cases for Ethereum without compromise. And real world adoption is happening. Active addresses on Celo have grown over 500 % in the last six months. With the Celo layer 2 gas fees will stay low and you can even pay for gas using erc20 tokens. But Celo is a community governed protocol. This means that Celo needs you to weigh in and make your voice heard. Join the conversation in the Celo forum. Follow at Celo Org on Twitter and visit Celo .org to shape the future of Ethereum.
The Bitboy Crypto Podcast
A highlight from 3 Reasons Bitcoin Bull Market IS STARTING NOW!!
"Morgan Stanley says the bear market is over and they have three strong data points saying that crypto spring is here and now's the time to load up on your bags. But what does crypto spring mean, folks, okay, we're gonna break it down here. Basically, folks, it means that halving is near and they're strong believers in the four year cycle being the strongest indicator for what Bitcoin's price is going to do. And they break things down into four seasons, just like the four year cycle, spring, winter, summer, fall. So what do they all mean? And now is spring. Well, what does it mean? You don't plant plants in the fall. You don't plant plants in the middle of summer, nor do you do it in the dead of winter. You want to load up the seeds into the dirt right around the spring. And now they're saying this is the crypto spring, so you need to plant those seeds and start loading up your bag. This is all coming from their analyst, Denny Galindo, and I'm going to read a quote from him real quick here. Based on current data, signs indicate that crypto winter may be in the past and that crypto spring is likely on the horizon. Now this doesn't just apply to Bitcoin either, folks. Alts are pumping as well. Just look at what Chainlink was doing today. Chainlink is over 10%, but a lot of people are saying, well, Chainlink's up. I don't want to buy the wick. You know, I typically don't like buying tokens when they're up in double digits. So what's the next coin that's going to have a wick so I can get in before the wick? Well, Chainlink's main value prop is, of course, it's an oracle, but they're also bridging the gap for real world assets. There's real another world asset play that's a smaller market cap. It's a lower coin market cap rank. It's coming in about 20%, 25 % of the value, so only coming in about a fourth of the value. I'm talking about quant, folks, QNT. Quant is also helping bridge the gap between the blockchain and real world assets. And so if you want to maybe try to find the next link, I like crypto quant, I like quant. I also like crypto quant, the platform. I like quant. So maybe that's one you could maybe check out, but again, do your own research, folks. So first data point, we have the seasons, now is the spring. The second data point is the bear market, folks, and he looks at the average time of how long the bear market lasts, and there's three since 2012, and he's pointing them out. Well, I started doing a more in -depth analysis here. We topped out 2017. You folks probably remember December 2017. Well, it bottomed out right around a year later. It was 366 days later, 365 days in a year, so it was literally a year and a day. Well, let's fast forward to 2021. Is it going to be similar? It will shock you, okay? November, we top out. We end up bottoming out 364 days later, so we went from a year and a day to a year and minus a day. And then, so the crypto winner is really largely playing in line with what we're seeing so far. We had the collapses of the exchange last year. I said this is the bottom. I called it. I tweeted it out. And now, it looks like, guys, now that we're about 12 months in the future, was $16K the bottom? It's looking more and more likely, okay? So now, let's go to the third and final point here. The last point is the halving event, okay? I'm going to read another quote here from Danny. Historically, most of Bitcoin's games come directly after a halving event that occurs every four years. Hey, technically, it's three years and 10 months, but okay, we'll let Danny slide on this one. Back to the quote. Estimates vary, but history indicates that the next halving event could occur sometime in April 2024. He reiterated, signs indicate that crypto winner, Bitcoin's cyclical bear market decline, may be in the past. So the final point is it's the halving. I agree this is still the strongest indicator for where Bitcoin's price is going to go. The second strongest indicator is the printing machine. They like to print the machine that makes all the little green rectangles, so that'd probably be No. 2. But still, the halving is going to be the strongest event. What is the halving? In case you don't know, every three years and 10 months, the Bitcoin reward gets cut in half. This is what the miners are paid to secure the network, and we're going to go from 6 .25 and approximately in April of next year, this could fluctuate a little bit, we're going to go from 6 .25 to 3 .125 rewards. So it's going to be the amount of Bitcoin hitting the blockchain every 10 minutes. So we're going from 6 to 3, and so the reward is going to be cut in half. That is going to make that Bitcoin a little bit more expensive immediately. It's twice as expensive, but a lot of people are going to cut the machines off. So that Bitcoin is going to get more expensive to mine. Historically, when this happens, Bitcoin's price goes up. And, folks, I just want to say you coincide this Morgan Stanley report with the ETF news that we're seeing. We're seeing it from BlackRock. We're seeing it from Vanguard. We're seeing it from the largest institutional players in the industry. They're all saying Bitcoin is the future, and Bitcoin is more and more looking like, hey, a safety quality asset. That is a large departure from what we saw five years ago from these big bankers, 10 years ago even. But let me warn you, I don't expect the ride to be smooth. In fact, it's going to be bumpy. This is going to be a very bumpy ride as we reach $69K again. I do think we'll, you know, I'm putting an approximate timeline around 14 months. I think we set in a new all -time high. And then the new all -time high probably four or five months after that. So we're setting up a bumpy ride. They don't want the ride to be smooth. They want the ride to be bumpy. They want to shake you out of the Bitcoin, okay? Do not sell your Bitcoin to BlackRock at $25K. Do not sell your Bitcoin to Morgan Stanley at $24K, okay? I'm warning you. They want to shake out the weak hands. They want to shake out all the weak players. They don't want you to believe in Bitcoin. They want you to be uncertain. They want to increase that FUD. And so while they're buying, I'm going to be buying, folks. I'll slow down my DCA as the price starts to increase and increase, but now is not the time to dump all your holdings. Now is the time to be patient, folks. But don't take my word for it, okay? Listen to the whales. Listen to BlackRock. Listen to Morgan Stanley, okay? You don't just got to listen to Deezy at Discover Crypto, but if you do, I have a good feeling I'll see you at the top.
The Bitboy Crypto Podcast
A highlight from MASSIVE Crypto Market Pump! ($LINK New Yearly Highs)
"What is Chainlink? Chainlink is an oracle. You might ask yourself, what is an oracle? It's not the person that bends a spoon in the first matrix. An oracle is gonna connect to off -chain data with on -chain data. So if you have something off -chain like Travis Kelsey scored two touchdowns, but I have an NFL NFT and it needs that off -chain data to come on -chain, that's where you're gonna see an oracle like Chainlink come into play. And I think as we merge real -world assets with on -chain activity, we're gonna see more and more Chainlink activity. And with Bitcoin pumping, Chainlink is feeling great today, folks. Chainlink is now up. If we refresh, we're up about 10 % today, folks. Chainlink is pumping. We're gonna talk about that. We're gonna talk about Chainlink. We're gonna talk about Bitcoin. We're gonna talk about Michael Saylor. And we have a very special guest in the corner today, folks. Yeah, hey, I'm back. I'm back in the small little box, pushing the buttons. I'm still rearranging them. Might still push some of the wrong ones, but looking forward to it. Well, let's see if you can hit the right one, and let's roll that intro. Did he? Oh, he already hit the wrong one. I already hit the wrong one. They moved the intro button on me. I don't even know where it is. We'll figure it out, folks. This is discovered crypto. I don't have it. Oh, we don't have it. You know what? You wanna just start the show? You know what? It was a good thing. We started with the monologue, isn't it? All right, folks. Well, this is live tubing. Things like this are gonna happen. All right, well, crypto markets are pumping, folks. We have Bitcoin moving in a serious way. It is up 2 .6 % today, but the alts are the real star of the show today. You can see ETH also really not moving too much. It's up 2 .8%, but then as we start going a little bit further down, you're gonna start seeing some exciting movement. It starts with Dogecoin, oddly enough. Dogecoin up 5 .8%. Then we have Polygon. Polygon is up 7 .4%. Chainlink has cooled off a little bit. It was up 10%. Chainlink is up 9%. What's the entire crypto market doing? The entire crypto market is up 2 .4 % today, and the 24 -hour volume, $56 billion, which is really good for Monday, folks, because this is, most of the data in American time is gonna be mostly Sunday night. For Sunday night to come off and we're at 56 billion, it's looking really good, and gas is way up. It is now 36 Gwei, but still relatively cheap. I moved some Apecoin around today. All right, we keep going down. We got some more exciting movement, so we got Chainlink up 9%. Below that, Polkadot up 4 .5%, and we keep scrolling. Really not too much, but now it's time to look at the top gainers. TJ, is any of your coins gonna be in the top gainers? Yeah, I had a lot of my coins over the, at least over the weekend that were in the top gainers. I was feeling really good. I love Chainlink. I've always loved Solana. I've been a holder of Solana from $5, so seeing that run a little bit was fun. I sold some last cycle. I didn't sell it all. Watched it go all the way back down, so seeing it run back up is always fun. So yeah, and of course, Bitcoin, Ethereum, you know, I always love to see that. Yeah, and then the boring coins. All right, well, speaking of running up, what are the coins that are running up more than any coin in the world, at least in the top hundred? We don't go to the micro caps here. All right, we have Injective leading the way. Injective is up 15%. Let me zoom out a little bit. Injective up 15%. Phantom up 11 .5%. Aave up 10%. Aave uses a lot of Chainlink, folks. Aave uses it a lot for their DeFi protocol. Then we have ThorChain up 9 .3%. A lot of people got to move those stolen funds. I'm kidding. It's used for normal purposes as well. Then we have ImmutableX up 8%. NEO up 7 .8%. Polygon. Yeah, any of these, I know you like Polygon. Any of these other ones up on the top really screaming at you here? Yeah, I like a lot of those.
CoinDesk Podcast Network
A highlight from UNCHAINED: Why These Lawyers Say It's Over for SBF--But His Only Hail Mary Is to Testify
"Now look, I think that the evidence here is overwhelming. I don't think there's actually a risk of a reversal, but when you ... Part of trying a good case when you're the government or a defense, but more especially when you're at your advantage and not get ahead of your skis and take risks you don't need to take. Hi everyone, welcome to Unchained, your no -hype resource for all things crypto. I'm your host, Laura Shin, author of The Cryptopians. I started covering crypto eight years ago and as a senior editor at Plorbs was the first mainstream media reporter to cover cryptocurrency full -time. This is the October 16th, 2023 episode of Unchained. The game has changed. The Google Cloud Oracle built for Layer 0 is now securing every Layer 0 message by default. Their custom end -to -end solution sets itself up to bring its world -class security to Web 3 and establish itself as the HTTPS within Layer 0 messaging. Visit Layer0 .network to learn more. DeFi just got way easier with Vaultcraft, Popcorn's no -code DeFi toolkit for building, deploying, and monetizing automated yield strategies. From institutional service providers to DeFi degens, anyone can use Vaultcraft to supercharge their crypto with custom cross -chain yield strategies. Learn more on vaultcraft .io. Buy, trade, and spend crypto on the crypto .com app. New users can enjoy zero credit card fees on crypto purchases in the first seven days. Download the crypto .com app and get $25 with the code LAURA. Link in the description. Today's topic is the second week in the criminal trial against Sam Pinkman -Fried, here to discuss our Sam Ensor, partner at Cahill Gordon & Rydell, and Greg Strong, partner at DLX Law. Welcome, Sam and Greg. Thanks for having us, Laura. Yeah, thanks very much, Laura. So we've now had two weeks in the criminal trial for Sam Pinkman -Fried. This week was a doozy because two of the government's biggest witnesses testified. I've seen people tweeting things like, for instance, that it's just over for Sam. But I was curious, from the lawyer's perspective, what do you think is the state of the trial at this point? I think that it is probably, it certainly is not going well for SPF. In particular, this week was the week of Carolyn Ellison, his former girlfriend, co -CEO and eventually CEO of Alameda Research. Her testimony was devastating on several accounts, not just because of the information she provided about various aspects of the fraud, but documentary corroboration. There was a lot of documentary corroboration of what she was saying, contemporaneous documents where, for example, she's noting concerns to SPF and he is remarking on the concerns, proving that he knew about them and that those concerns were contrary to what was being told to the public, that is to investors, to lenders and to customers. So, very, very bad. But it's always too soon to tell. There's more weeks to come. Anything can happen and there's probably going to be a defense case. So I think, you know, it's as the judge tells the jury, keep an open mind. Don't talk or deliberate until you've heard all the evidence.
Unchained
A highlight from Why These Lawyers Say It's Over for SBF--But His Only Hail Mary Is to Testify - Ep. 557
"I have a different take on this one. I think that the government did not need this testimony, that they have better points to make that are directly related to the crime. 404B evidence is very risky from an appellate perspective. The court of appeals wants to make sure a defendant gets a fair trial and that their jury is not prejudiced by evidence of things that are not charged. Now, look, I think that the evidence here is overwhelming. I don't think there's actually a risk of a reversal. But when you, part of trying a good case when you're the government or a defense, but more especially when you're in the government, is to protect your advantage and not get ahead of your skis and take risks you don't need to take. Hi, everyone. Welcome to Unchained, your no -hype resource for all things crypto. I'm your host, Laura Shin, author of The Cryptopians. I started covering crypto eight years ago, and as a senior editor at Forbes, was the first mainstream media reporter to cover cryptocurrency full -time. This is the October 16th, 2023 episode of Unchained. The game has changed. The Google Cloud Oracle, built for layer zero, is now securing every layer zero message by default. Their custom end -to -end solution sets itself up to bring its world -class security to Web3 and establish itself as the HTTPS within layer zero messaging. Visit layer0 .network to learn more. DeFi just got away easier with Vaultcraft, popcorn's no -code DeFi toolkit for building, deploying and monetizing automated yield strategies. From institutional service providers to DeFi degens, anyone can use Vaultcraft to supercharge their crypto with custom cross -chain yield strategies. Learn more on vaultcraft .io. Buy, trade and spend crypto on the Crypto .com app. New users can enjoy zero credit card fees on crypto purchases in the first seven days. Download the Crypto .com app and get $25 with the code laura. Link in the description.
Markets Daily Crypto Roundup
A highlight from CoinDesk Market Index Week in Review
"This episode of Markets Daily is sponsored by CME Group. Hello, this is Markets Daily from Coindesk. I'm Noa Atchison, and on today's show, we'll be turning it over to Coindesk Indices for some weekly crypto market insights. We'll be using Wondercraft AI Voice for this episode. Just a reminder, Coindesk is a news source and does not provide investment advice. Welcome to the Wondercraft AI Voice here to give you six crypto markets takeaways from last week. We'll start by taking a look at what happened in markets during the first half of the week. Here, Coindesk Indices provides week -on -week data over the seven days leading up to Tuesday, October 10. The divergence between Bitcoin and Ether continues this week, as Bitcoin is near flat week -on -week, up 0 .2%, and Ether is down substantially, down 5 % as of Tuesday. Decentralized credit platform Liquidy, up 35%, leads among the 184 assets in the Coindesk Market Index in seven -day return. Over the past week, only 17 assets in the Coindesk Market Index have seen positive returns. Automated market maker Bancor, up 34%, also a member of the DeFi sector, stands out as an outperformer. Stay tuned for after the break when we'll bring you three more takeaways from the week. Welcome back. Now for the takeaways from Friday, October 13. Here, Coindesk Indices asset class is broadly lower this week, with the Coindesk Market Index down 4 .9 % week -to -date, Bitcoin is down 4 .3%, and Ether is down 5 .4%. Among the large -cap assets in Coindesk's large -cap select index, Solana, down 8 .7%, and MATIC, down 8 .8%, have experienced the most significant decline so far this week. Over a slightly longer window, Coindesk's computing sector index is up 10 % month -on -month, compared to the CMI's more modest 1 .2 % gain over the same period. Oracle provider Chainlink, up 21%, and distributed computing platform Render Token, up 16%, still have double -digit gains month -on -month despite the market downturn. Like what you're hearing? Head on over to coindeskmarkets .com for more. We'll see you tomorrow. You can reach us at podcasts at coindesk .com, follow us, and if you like the show, please leave us a 5 -star rating on whatever platform you're listening to us on. Markets Daily is produced and edited by Eleanor Paul, with executive production by Jared Schwartz. I'm Noelle Acheson for Coindesk. We're back tomorrow with more market news and insights.
CoinDesk Podcast Network
A highlight from MARKETS DAILY: CoinDesk Market Index Week in Review
"This episode of Markets Daily is sponsored by CME Group. Hello, this is Markets Daily from Coindesk. I'm Noa Atchison, and on today's show, we'll be turning it over to Coindesk Indices for some weekly crypto market insights. We'll be using Wondercraft AI Voice for this episode. Just a reminder, Coindesk is a news source and does not provide investment advice. Welcome to the Wondercraft AI Voice here to give you six crypto markets takeaways from last week. We'll start by taking a look at what happened in markets during the first half of the week. Here, Coindesk Indices provides week -on -week data over the seven days leading up to Tuesday, October 10. The divergence between Bitcoin and Ether continues this week, as Bitcoin is near flat week -on -week, up 0 .2%, and Ether is down substantially, down 5 % as of Tuesday. Decentralized credit platform Liquidy, up 35%, leads among the 184 assets in the Coindesk Market Index in seven -day return. Over the past week, only 17 assets in the Coindesk Market Index have seen positive returns. Automated market maker Bancor, up 34%, also a member of the DeFi sector, stands out as an outperformer. Stay tuned for after the break when we'll bring you three more takeaways from the week. Welcome back. Now for the takeaways from Friday, October 13. Here, Coindesk Indices asset class is broadly lower this week, with the Coindesk Market Index down 4 .9 % week -to -date, Bitcoin is down 4 .3%, and Ether is down 5 .4%. Among the large -cap assets in Coindesk's large -cap select index, Solana, down 8 .7%, and MATIC, down 8 .8%, have experienced the most significant decline so far this week. Over a slightly longer window, Coindesk's computing sector index is up 10 % month -on -month, compared to the CMI's more modest 1 .2 % gain over the same period. Oracle provider Chainlink, up 21%, and distributed computing platform Render Token, up 16%, still have double -digit gains month -on -month despite the market downturn. Like what you're hearing? Head on over to coindeskmarkets .com for more. We'll see you tomorrow. You can reach us at podcasts at coindesk .com, follow us, and if you like the show, please leave us a 5 -star rating on whatever platform you're listening to us on. Markets Daily is produced and edited by Eleanor Paul, with executive production by Jared Schwartz. I'm Noelle Acheson for Coindesk. We're back tomorrow with more market news and insights.
The Bitboy Crypto Podcast
"oracle" Discussed on The Bitboy Crypto Podcast
"Everyone seems to be bullish on Chainlink, and you may be wondering if you should add its native token LINK to your portfolio. But like any good investor, you want to do some research first. Finding information on this project can be tricky. Sometimes it seems you need a genius level IQ to understand all the mystical things Chainlink does. I know it stops my dogs from running in the woods. But here at BitBoy Crypto, we've got you, and we're going to break it down. This is your Chainlink starter pack. So let's get it. Today, we're talking everything Chainlink. You may have heard Chainlink bandied about the comment sections of the cryptoverse. It seems that every YouTuber has put out a price prediction video, including us. Take a look at our price prediction video from July 30, 2023. But what is Chainlink? It is a decentralized oracle network. And we're not talking about the crystal ball type of oracle who tells you about your future or bends a spoon, although there are a few similarities that give rise to the name. In order to understand what an oracle does in the crypto space, we need a quick reminder on blockchains and smart contracts. Blockchains are a method of storing information. It's like the Hall of Prophecies from Harry Potter. But instead of being filled with prophecies, it's filled with crypto records. In the case of Bitcoin, the blockchain holds records of transactions. So if you decided to tip us in Bitcoin because you're so thankful for all the info BitBoy Crypto provides, we could go look at that transaction on the blockchain. Each block of the blockchain has a limited amount of information it can hold, so once that space is used up, another block is added to the chain. In Ethereum's case, the blockchain holds both records of transactions and smart contracts. A smart contract is a program with predetermined terms and conditions that automatically executes an agreement when that code is met. So an example of a smart contract would be logging into an exchange and trading $100 worth of ETH for $100 worth of LINK. The smart contract checks that both parties have the amount of crypto they're proposing to have and then executes the exchange. Smart contracts illuminate human error, discrimination, etc. by making code do the work. And this is part of what makes crypto so exciting. So you may be wondering what these things have to do with Chainlink. I promise we're getting there. Blockchains and smart contracts are amazing technologies, but by design, they're meant to have a singular focus. They aren't connected to information beyond their code or the world outside of the blockchain. That's where oracles come in. And that's why Sergei Nazarov and Steve Ellis of smartcontract.com launched Chainlink on Ethereum in June of 2017. The oracles that make up Chainlink's decentralized network connect real world data off-chain to smart contracts on the blockchain and vice versa. Real world data can include anything from the weather to stock prices to the results of a football game. You can think of Chainlink as a very necessary middleman that solves a real problem in crypto land. So we could develop a smart contract where you, our viewer, press the like button on this video and then get a token that provides access to crypto heaven. Chainlink would see that you like the video and let us know via smart contract, and then we would issue you the token. Okay, we can't do that yet. But who knows with Chainlink? But you get the idea. And we still appreciate it if you did like and subscribe. So how does Chainlink get the real world data onto the blockchain? It does this by maintaining a trustworthy network of oracles that are made up of nodes. These nodes answer questions in requesting contracts. Anyone can run a node. You just install the node on your computer connected to a blockchain, and then you look for jobs on the node operator dashboard. Although Chainlink was built on Ethereum, it now supports the BNB, Polygon, Avalanche, Phantom, Arbitrum and Optimism blockchains. I feel pretty optimistic about that. It uses a smart contract oriented programming language called Solidity, which is very popular on Ethereum. We won't sugarcoat it. The process to become a node operator is a bit more complicated than the spark notes we just gave you. But who are we to crush your dreams? You can check out Chainlink's website or search for YouTube tutorials, but we're not going to go too deep into the weeds with it here. The node operators agree to lock up their link, which can be confiscated if they're found to be untruthful. In exchange for fulfilling the request for information, node operators receive link from the people in search of this off-chain data. So Chainlink receives a requesting contract from someone or something who wants real world data. Chainlink then turns the requesting contract into a smart contract called Chainlink Service Level Agreement Contract. And because that wasn't enough contracts, the SLA then gets divided into three subcontracts. The first is the reputation contract, which is basically the judge, jury and executioner for the nodes, like Sylvester Stallone. It checks how reliable and true the data has been from the nodes and then removes any lying liars. So say there was a request for the color of the sky and eight nodes said the sky was blue and two nodes said it was green. The program is designed to kick the two nodes who sent misinformation to the curb. Get out of here, greenies! Once Chainlink knows which nodes are reliable, there's an order matching contract which sends the question to those nodes, collects their bids and then matches the right nodes to the job. Chainlink also uses code to search the interwebs for the information to double fact check everything. Finally, the aggregating contract comes into play. Remember the nodes who were debating the color of the sky? Well, the aggregating contract is designed to find the right answer by taking an average of all the data. Since eight nodes reported the sky as being blue, that's the answer that will be sent on chain to the smart contract. And the cool thing about Chainlink is they use an off-chain reporting consensus mechanism. The nodes talk to each other off-chain, and then they choose one node to send the data on chain. This is a secure method that uses way less gas than when this process took place on chain. And the smart contracts really, really want this real world data. That's why Chainlink has so many partnerships and projects across all areas of the cryptoverse and even into traditional finance. Chainlink has expanded their bespoke truth serum to provide proof of reserves, which uses their unbiased method of information gathering to fact check companies claiming to have certain items. Saying there's a new stablecoin that is supposedly backed by USD, Chainlink can use its proof of reserve to certify that the company behind the stablecoin actually has the reported amount of USD in reserve. This can be used from anything from gold to real estate to artwork and potentially could prevent major industry meltdowns like FTX and tariff. And then there's Chainlink CCIP, aka cross-chain interoperability protocol, which according to founder Sergey, makes different systems work with one communication standard. It allows blockchains to work together as smart contracts on different blockchains to send each other commands. It also facilitates communication between blockchains and banks. Basically connecting DeFi to TradFi for the first time ever. Chainlink has a partnership with SWIFT, and even Bank of America gave it a call out in its June 2023 Global Digital Assets Research Report. So that's exciting. The other exciting thing about Chainlink is that it's climate neutral. No matter what you think about the ESG wars, some companies will feel pressure not to use crypto companies that they see as harming the environment. So Chainlink being environmentally friendly just makes it even more adoptable by the masses and potentially a good bet long term. And speaking of bets, I want to give a shout out to Stake for sponsoring this video. I wonder if they use Chainlink. Okay, so let's chat a bit about Chainlink's tokenomics. LINK is non-inflationary because there's a max supply of 1 billion tokens. Currently, there's a circulating supply of over 500 million tokens. 35% of the tokens are used to secure the network, 30% is for development, and the other 35% were sold publicly. When LINK had its ICO back in September 2017, the price was around 15¢. And at the top of the last bull run of 2021, the price ballooned above $50. Back in June of 2022, Chainlink enabled another way to secure their network, staking on the Ethereum network. So even more of the coins will be locked up by the community. Staking rewards are 7% for node operators and nearly 5% for community members. The initial staking pool is capped at 25 million LINK, and there's a 7,000 LINK limit per person for staking for inclusivity. And there you have it, folks. Your Chainlink starter pack. The ecosystem is constantly expanding, so make sure you stay up to date and check back here for more updates on Chainlink. That's all I got. DZ out. I gotta go get my three Chainlink.
Bloomberg Radio New York
"oracle" Discussed on Bloomberg Radio New York
"This could be overdone You know Neil dutta renaissance macro saying we think it's a problem that fed is moving off their previous guidance And what was not a large surprise in the data And he's just it's a lagging economic indicator You do wonder at this point how much did maybe that journal story maybe they got it wrong Maybe it's you know we're overreaction in terms of the markets Let's go back to fundamentals for a moment because the oracle numbers are coming out Shares climbing post market so some reprieve for that particular name Oracle fourth quarter adjusted revenue $11.84 billion the estimate had been for 11.66 Their overall seeing and operating margin coming in actually slightly better than expected at 47% and the operating income coming in at 5.59 billion in the market had been looking for 5.4 So a relatively healthy beat whether or not we'd already seen some of these earning estimates pulled lower but this is also for their fiscal full year remember and we are seeing a company that had moved itself to Texas overall cloud services and license support revenues up 3% in U.S. dollar constant currencies they were up 7% so interesting taking in terms of the impact of the U.S. dollar the strength of it of course had already Microsoft had been signaling would be an issue but they do see overall total revenues for 2022 up 5% in U.S. dollar terms up 7% in constant currencies Taylor And this is where Gina might have a nice time to weigh in here because I think look operating cash flow $10 billion in the trailing 12 months If this is a company that can get it done it's Apple historical and yet Carol the market saying yeah no I don't think so I mean maybe in the aftermarket for Oracle gas this started a long term the market is saying nope not enough You still have a higher discount rate Yeah I think that is a really important point because this is not necessarily about fundamental earnings growth nor the economy It's about what's happening in the rates market And the stock market sort of being whipped around by what's happening in the rates market is the story of 2022 to us We see very clear divergence between low duration stocks and high duration stocks in the equity market It's a single most dominant factor of performance That in and of itself tells you that this is a market that's all about what's happening in rates and trying to price the path for fed tightening and the broader rates landscape Yeah it's a really good point We got to reset certainly in terms of rate expectations And now you wonder whether it goes back to a recent based on fundamentals And so that's kind of what we're seeing in the markets All right guys that's going to do it We're going to wrap up our cross platform coverage radio TV and YouTube beyond the bell We will see you again same time same place tomorrow This is Bloomberg businessweek with Carol masher and Bloomberg quick takes Tim still of it on Bloomberg radio All right you are listening to Bloomberg business We Carol master here in our interactive broker studio streaming on YouTube So wrapping up what we saw in terms of the trade and great to have with us just met and who follows the markets for us here at Bloomberg So you know I always think what's smart is we need to take a step back and kind of I feel like we can understand why we saw the trade we saw today right Right And obviously just another day where there's been a sea of red And this is a day that a lot of strategies has told me that they first saw coming just because when looking at the breadth and momentum we had seen some improvements recently but not enough to where they had conviction that that would have been a sustainable rally in recent weeks And so I've talked to you in the past in recent weeks about how sort of went through this progression and say early 2021 where we saw peak in mid cap and small cap stocks And then we saw sort of this consolidation but then the larger cap indexes still churning higher and hitting those records and then obviously the NASDAQ and the NASDAQ 100 peaking in November and then obviously the S&P 500 and we saw just these tech and growth indexes just get hammered this year and still the S&P 500 relatively held up well but now today actually crossing that 20% threshold but when you talk to strategists as far as trying to say today oh we're now an officially in a bear market They're saying we've seen this coming for 15 months almost as far as when they're looking at the progression but if you're sort of the average trader or just a retail investor that doesn't seem like something that you would normally if you're kind of looking beneath the surface You're not seeing all those momentum indicators there So that's something that's been kind of interesting to me depending on who I'm talking about because some people will say well you know we've already been in a bear market for months So even though we've kind of gone by that textbook definition of 20% to them they're thinking okay now we're finally there even though they first saw some of that already happening Just one thing We're talking about Bloomberg news equities reporter just meant to hear in our interactive brokers studio on Bloomberg businessweek Just how much though is a reaction to an aggressive fed who's thinking about reigning in inflation overdoing it recession and what does that mean ultimately for growth and corporate earnings going forward versus versus at this point versus something else right Like I feel like it's very like we understand why this is happening Right And especially because of those dynamics with what's going on with the Federal Reserve but not even just the fed it's a huge Central Bank week when you're looking at the bank of Japan and also the Bank of England coming off the back of last week with the ECB completely changing course and now getting more aggressive And so the thing that Japan isn't Right And so that's the big thing on Friday once we hear from them as far as because what's going on with their economy Do they change their tune at all It doesn't seem likely but that's the concern of whether or not will they surprise and somehow try to reverse course but obviously they have their challenges with that economy but the bigger thing is just the speed in which we've seen yields move much higher to me that's the interesting thing right And I think about how traders essentially are thinking okay the fed's going to be a lot more aggressive and they're going to be much more aggressive much more quickly Yes and especially just the speed in which the ten year treasury a topping 3.1% but then you're looking at the two year note as well in just how stocks have to recalibrate so much faster based on that and especially just growth and technology 'cause is it based on that the slowing of the economy and.
The Dork Forest
"oracle" Discussed on The Dork Forest
"Because I had taken a handful of them with me someplace. And I also think there's something to the randomization of them. I think that that feels generally kind of like mystical to people, where you're like, oh, the card wants, this is the card. I'm supposed to have. This is the question that's right for right now. 'cause I also have a lot of like Oracle cards and stuff. And people are always like, like, Oracle car. Besides, I know what an oracle is. They predict the future. Yeah, so they're basically, they're like tarot cards, but it's not a tarot deck. It's just something they usually have a theme. And they've got, yeah, just different. Are they images? Or are they words? They're both. Okay. Are you supposed to Rorschach it? Or, hey wag wag. Yeah, kind of, I mean, I definitely wore a jacket more. Some people are like, oh, here's what the card, just like with the tarot card. They're like, this is what this card means. It could be in that too. It could mean that to you. I prefer what do you feel like about this? What is this? And again, it's another way to spin a conversation in a certain direction. And I think kind of like with the games I like and the creativity and I feel like there's something interesting about the triangulation of here's me, here's you. Here's this other random thing. What does this what does this equation become that won't be anywhere else and anything else? And how do we get from each other to this other thing? That is cool. And initially, I betcha, God, I could have used those, just because it's a nice clock eater with the fact that you can at least go, all right, pick a card. Because it's weird in a situation, but is it any weirder than the way that I have conversations currently? Where are you from? What do you do for a living? What are you, if I've asked you what you're.
Techdirt
"oracle" Discussed on Techdirt
"Said that the that the behavior the functional behavior of the pro of the program and the sas language were not protected by copyright law so lost the case in the uk route. Another case in tennessee. Lost that case in tennessee but Then the same case in in in texas and now as before the federal circuit and they're still kind of plugging away as though you know they have the same input farah matt says we do in the same output formats. Well it's because you basically are are processing the same programs that individual users have created and that they want choice of platform on which it can run. So sassy is basically asking the federal circuit to say that there's originality in our program and they copied something and therefore it must be copyright infringement. And unfortunately they've hired the same lawyer One of the same lead lawyers as was representing oracle in the the google case. So she's trying to win again. the same Argument that she was one one on in two thousand fourteen. Wow interesting so. I wanna talk a little bit more. About why all this. Why all of this is so important. I mean we discussed a little bit at at the opening. Just you know the general idea of of interoperability and compatibility and the nature of sort of the innovation. Boom that that happened in the nineties in part because of this You can we go a little bit deeper right now. We're dealing in a time where you know. There's a lot of concern about about competition. And you know they're they're a bunch of big companies out there incl- including the the victor in in the supreme court case here google And and lots of people are talking about like antitrust. And i'm i've been perplexed at the at the nobody wants to talk about things like this. And how copyright law can hold back competition and. I think this is a perfect example. Where if you're allowed to copyright you know An api or other methods of of creating interoperability and compatibility that you lose out on competition really serious way so mark. Do you wanna do you wanna talk a little bit about about what you're thinking is on all of this. Yeah i think that's absolutely right so so we said great. He's sort of you. You saw kind of interoperability. Sort of pre sort of broad based internet in the early nineteen nineties. Sort of open up. Lots of different interoperable software programs. The internet of course was interoperability on steroids. Right so there's a very simple set of protocols and within the simple set of protocols. I can plug anything. I wanted into this network. Pass anything. I want across the network and we saw this explosion of innovation and creativity a really unprecedented in human history. One of the things. I think we've seen for a variety of reasons is that we're gonna pulling back on a lot of that freedom. I the internet is still dominantly. Right and open a thing but but two factors. I think have made it more challenging right. One is as you indicate that kind of enduring dominance of a few tech platforms And the other is the move to mobile devices. Smartphones right winch are much less. Run anything you want on them right apple system in particular. You want to run something on it. You gotta put it through the app store. You gotta give us thirty percent but you've also got to get approval and and we might not approve it because we compete with it right. Spotify had a heck of time getting on the app store. We might not prove it because we just don't like it or we don't think consumers appreciate.
Enlightened Empaths
"oracle" Discussed on Enlightened Empaths
"Bitch. That's spot on when you find the deck that works for you. You just know it. And sometimes just distrust that i also like ask your guys by A lot of great information about working with your spiritual team and each card. Like the one you were just describing. Denise is just very no nonsense advice. Yes which i think. Sometimes when you're what's the energy for today or i need inside on the situation you just want the quick. You're not looking for for really deep. And i'm going to meditate on this for twenty minutes. He just kinda wanted as a little springboard to moving in a new direction with stuff. Colette baron reid has another deck that i've had for quite a while. It's the wisdom of the oracle divination cards. And what i absolutely. It's very probably the most detailed book. I have their two or three pages. At least for each kearns. She goes into what it means upright reversed questions to ask yourself but when i love i love the illustrations in they just are so whimsical and fun and well-done so sometimes i'll just use these words because i love the picture so much. Oh i know. The pictures are so important. So i think my all time favourite oracle deck. And i don't even know if we could call this. An oracle deck is one. That you got me denise. It's the medicine cards by jamie sams and david carson. Would you consider that an oracle deck. I use it as an oracle deck more than as a another way of doing divination. That's adecco us every single day faithfully every day. I and i trust it in. I love it. And i just love the masses and the meanings in.
Enlightened Empaths
"oracle" Discussed on Enlightened Empaths
"Before you look to the book. That comes with the cards. Yes and that's why it goes back to what you were saying. At the beginning about the visual the colors the essence or they muted they vibrant. Are they things that really grab your i because i do think it's an immersive experience with the oracle cards t. Wanna talk about some of our favorite decks or loved to one of the decks. That i really love is called return of spirit oracle cards by sheryl lee hamish they have just wonderful fractional images on them and so there's really no correct or incorrect interpretation of the cards and each card has a beautiful uplifting message. Ooh that's very nice..
Enlightened Empaths
"oracle" Discussed on Enlightened Empaths
"The answer will not look like what you asked but it really is what you need to hear. What do you think about timing with oracle decks because to me. They're more of a in the moment president energy kind of a thing. Yes i agree. And i'm very impatient. So when i consult any deck. Whether it's toronto or oracle's i will always say in my prayer of intention. Please show me what. I need to know about blah blah blah in the next three months. So i tried to put a time line on the question as shuffling and cutting who. That's good that's good information will otherwise you don't know is that wonderful carter scary card. Is that gonna happen now or later or you know you just don't know in so it can be really helpful to put a little timeline on it. Do you always pull one card or do you do. Different spreads with your oracle cards. I go with ambient nudge to do and and go back to what you said a minute ago. If the card that i picked doesn't she'll clear or i feel like i need more information opole. Another one often all do three similar to a three chord spread in the toronto. Maybe past present future. Or is this a no or the energy around this situation. Where i am now. What what. I'm leaving behind me going into so i'll sometimes you can get the extra that you need to validate that initial car will yeah. I agree and there's so many cool three cards spreads you can use. Of course past present future is great. But you can also have. The left card. Indicate blocks or challenges. The middle card can symbolize opportunities in help. And then the third card in right can indicate the outcome. So you can you can create your own rijkaard's spread as well and if you wanna do like a body mind spirit. What if you're trying to find a balance in a decision that you're trying to make you you can. You're exactly right. You can make it whatever the cards work for you. You don't work for the cards. Well it's kind of a symbiotic relationship so it's not really a work real. Well not sure on that. I think it's also important to pay attention to cards that fall out. If you're shuffling in one card falls out this card needs to be considered as part of the reading oh very much so because often. That's the car that you really needed more. So than what you pick later on. And i have to admit if i have a jumper a look at it and i'll i'll give it credence and then i'll still pull a card anyway. I do both. But i won't put the jumper card back in. I used to do that and then it would just appear in the reading anyway right. i don't either. I said it to the side. Yeah i do too and then when you're done consulting the deck. I think it's really important to say. Thank you I acknowledge that exchange of energy. So some things you can use oracle cards for. You can use them for your daily meditation practice for guidance. You can use them for connecting with your spiritual team for setting intentions for manifesting for example if.
Enlightened Empaths
"oracle" Discussed on Enlightened Empaths
"Think about that If i'm face to face with someone. I will often. Well haven't done that so long. now. But i'll i'll him the person the cards and lay them shuffle them or pick one or i'll fan them out and let them put their hand over it and say you know. Just hold your hand over the cards until you find the one that that calls to you and pick them that way. Yeah i i think there needs to be that connection right right but it also does work for distance. So we're gonna do this little later in the show today as hickok card for for all of us and you'll see that it will probably resonate with with what's going on in your life the collective right now so it can't be distance as well. Yeah if i'm doing it in person. I'll shuffled deck. While i'm talking to them and kind of calming their energy down because people are nervous when they come for a reading and trying to connect with their energy and then i'll give them the deck and i'll say shuffle while thinking of your question and then cut it and then i started that way but if i'm doing it distantly i will shuffle while i'm talking to them and i'll say to them. Tell me when to stop shuffling. So it's interesting when i've done. Readings for people on my default position is to use the toronto but often have like one or two oracle decks in my bag with me to kind of validate what came through with the toronto reading in. And i'll say oh well picard and see if this validates or it gives you more information. But i've never really done full readings with just oracle cards other than like the medicine cards. But they're kind of combat air different. They're not just a one to me. They're different. Oh no i agree. I've never done a full professional reading with an oracle duck. But i will with my friends especially my friends who think to row. Is you know bad. yes yes so. Are you more apt to pull an oracle card for yourself. Yes yes. I feel a little superstitious about consulting the toronto all the time for myself. I'm talking like a full on celtic cross bred right so i might pull it row card. You know once a day or whatnot. But i have no issue. Consulting oracle decks frequently n-. I think they're great for meditation focused. They're great for journaling. They're wonderful if you're just talking to a friend and the friend's lake. Gosh i'm so worried about blah blah blah. I've got a big basket with oracle decks. And i'll just run upstairs and grabbed the basket pick and choose a card so i use them a whole variety of personal ways in your right there. I don't wanna say gentler than tomorrow. But anyone can pick up an oracle deck. Read the card or read the book and have a message. You don't need to know numbers and suits and all those other things that go with with something that might be a little more complicated. Do you think you always have to cut the deck. I think it depends on. What your your own personal preferences. Because i mean. I've talked about this with with different things that we teach and different things that we do in our own work is. You'll find what feels right for you so I tend to cut the deck. But what i'll do with a low temp with oracle decks is all shuffle shuffle shuffle. And then i'll hear like a number like three in all shuffle..
Enlightened Empaths
"oracle" Discussed on Enlightened Empaths
"Yeah i think that's a great idea. And you can take your oracle cards and you can take them out of the box with the book and put him in a special bag or a special box. We can just keep them in the box they come with. That's up to you. There's a wonderful teacher. I like to look at a lot on youtube. Her name is ellen goldberg and she has a lot of great youtube tutorials on reading palms in toronto but looking at her methodology of how she reads. Cards is so interesting. Denise she doesn't shuffle the deck. Like i i kind of become like a las vegas poker player because all bridge shuffle. I cut them. I do all sorts of things. She doesn't do that. She spreads them on a table and stirs them all around and around and around in a big circle and then regroups them. And i think that's an interesting way to do it. And she says there's no right or wrong way. Have you ever done that. i have. I'll just like spread 'em all out like your finger painting and you mix it all together and another thing is to once you've done all of that is to fan them out and feel like kind of when you do the ricky over them and send energy to that whole fan out Spectrum of cards. Lyle can be helpful. Yes so there's so many ways that that you can work with your oracle cards. And i think that's something. We want to emphasize today is. There's not there's not a weight way and a wrong way with these oracle cards. What would like to emphasize though is consistency. I have gotten that message a lot. I'm working with oracle cards or to row. That it's like my guides trying to tell me we need you to flip the cards in the same way each time so we can help you get the most accurate answers. So if sometimes you're flipping left to right or top to bottom or if sometimes you're using your left hand and other times you using your right hand. I feel like that does not help them. Give us the best card. So i try to be really really consistent so always flipping them over for example or i will say the same prayer of intention. Each time that i'm consulting the deck. And i do try to shuffle them in the same way to again so many different ways you can do this. I had. I went to a reader once and she. She put out every car like all every card in the deck on the table and told me to pick ten. And i hadn't seen that done before. Have you know. I thought that was interesting. And there are some people who will not let the person. They're reading for touch their cards right..
Enlightened Empaths
"oracle" Discussed on Enlightened Empaths
"We feel that it can take years to properly learn how to study and work with the toronto. And it's worth it. Don't you agree denise. I mean it's it's worth taking the time to study the toronto. I do because it. You never tap out. There's always more there's always another nuance another level and you build an intuitive connection with your back with the symbolism and everything else is involved with the toronto so i agreed with that seems more like a journey not just to a snapshot. Yeah exactly. it's a long journey but a worthwhile one. But the coping about working with oracle ducts. Is you can start learning how to work with them right away..
Software Engineering Daily
"oracle" Discussed on Software Engineering Daily
"Been different in the past. I suppose it's just that i don't know that past ellen knows what we are building a future customers when they look at the service of the grand gets more usually give us a second date Frankly that's that's what i'm looking for. Which is the second reader. Describe why we've been provide valley to and do that in clear transparent terms repeatedly so our from technology. If you look at what. We've done recently outlive services for migration meaning my team those and tries to migrate customers. Work those on our diamond behalf because we believe strongly that the platform will be where you want to be. As our costly encouraged. We have found the services as our program released two three months ago we set to customers has bringer worth does so i think earning trust is a very long term thing. It's got a chip away at it. And throughout case. By case. On the while i don't have a magic bullet for it but i think customers are taking notice and giving us more even more business to us. And it's about keeping their trust now them successful deployment which is a good portion of my focus and the entire organization. The idea that effectively every other provider has in the space of. Oh we'll charge you at a discounted rate to help. You migrate in its. I don't mean to be unkind here. But i've never understood the thinking behind that strategy because once someone starts spending money on your cloud service. They are going to continue to spend money on your cloud service spoiler. I've been down this road with a bunch of different customers. And i've seen how this goes. You should be paying customers to let you migrate things on the covering. The cost is one of the least difficult steps that companies could do. But somehow you're the only ones i've seen doing this in the wild. I further point out that i've spoken to a variety oracle cloud customers now. Historically most of these have been big e enterprises very large companies. The blue chips. You would expect. But i'm starting to see you move into the startup space a bit more at one thing. I have not heard through any of those. Conversations is a complaint about oracle cloud either a technical shortcoming or a business practice. Complaint people will complain about oracle the overall company without any provocation and honest a lot of this very well deserved but oracle cloud only gets grief. That is reflected. What i start seeing that i think is a real sign of maturity and growth in the platform is. They're starting to be stories around oracle cloud that don't feature the word databases or heaven forbid autonomous databases. Which is oracle's database divisions whole big thing. These days it starts to stand on its own legs on its own merits rather than depending upon its giant install base in existing enterprises as its primary means for marketing and selling. Are you seeing an uptick in the startup. World of oracle cloud these days. I'm a super goes through Beacon system really honest so substantiate anything that i make sure i do know that a lot of startups that are born in the cloud. The user cloud half shared the same sentiment so to the extent i can give you a trend lying or some sort of an indication that starves are now a big area unfocused oracle or know. They're coming to our platform. Organically i just don't have the data points on that one but i do know is fees but with was born in the cloud neil or was that are migrating. They are so this an esa foxy. I think everyone trying to develop this offer stock in the place to put both from the price performance perspective from business practices as well but i think the overall sentiment is changing and not only because we have autonomous database or not only because we have an oracle database associated with. I think that is true. And that's a fact all have come to really appreciate the thomas. I don't know what. Change my thinking on that one but i'll leave that for different debate. But i think you're right and part because we being very deliberate about it which is oracle cloud is more than just database or is about technologies things that you come to expect from. The top providers juwan developed new software of over existing software. And the proof. Really right now that. I see in sort of big bowl. Debtors is our independence offer. Vendors is fees that are coming onto the dropping. I would like to point out that. I didn't give you a list of questions. I was going to be asking you before we did this. The best gave hope none of us gets fired by the end of this and that was a perfect example. The sort of thing. I'm talking about you could have said. Oh yeah we're seeing a whole bunch of startup stuff that sort of clients taking stuff. Adopting our service. I can't talk about any off hand of course but oh yeah that's great. This ties into in many ways. An echo of what. I've seen it your previous employer. I have never yet caught someone at. Aws oracle cloud lying to me. Even when right now you could have come out and said oh. Yeah we're seeing any receding whatever it is will sound good. You're intrinsically honest. And i appreciate that about not just you but it seems to be a cultural ethos. I'm seeing throughout my conversations with folks working with oracle cloud. This is the sort of thing that makes me tell people. Yeah i know. It sounds like i'm having a joke at your expense. Just suspend disbelief and have a conversation with them and so far. It seems to be going relatively well one day. I'm hoping i won't have to wind up giving that disclaimer. I but that's gonna take a few more years. I suspect i don't know the time i just. I'm gonna smaller bubble up as i'm in the infrastructure piece on a no customers factory. I think to be honest. Ourselves teams the oracle fusion products are doing really well with customers as well. So i'd be doing a whole bunch of ourselves. Pats on teams to run on oracle cloud. Make it a canonical Wish to deliver this as products for improve latency improve user experience and whatnot. I don't think even if i was in. Aws our say that we are ever going to be happy with the experience that we offer to customers. We just have to continue in this environment in the especially it infrastructure Discontent strive for what we can do. Better so part of my not to give a glowing scorecard giorgo orca. Anybody is just general discontent moments where we are what we can do to be better so much. We can do to be better for our customer. So i think if i busied themselves back unaided obvious i would say that about ashley. Cows starts adopting out of you know. I wish we could do better. But nonetheless i think customers are taking no his simplicity focus video tough engineering problems and transparency in hobby. Do business with them. Both at the presale side. The prosales is and support. I think the combination of this on my hope is that customers will continue to give us more business. I expect that they will. I think that you've done a lot of the right things. I think that what you're doing is heading in the right direction. I also want to thank you for taking the time to sit here and suffer my slings and arrows if people wanna learn more about oracle cloud and make up their minds for themselves. Where should they go to start. This should go to oracle dot com on the page. They should get easy link to get to our infrastructure in and get started employ first application of the am sup murphy out better. Whatever have you so good. Dot com on the main page and very infrastructure. Kick on a take you to some canned pats on probably want us go solve with todd infrastructure on hopefully takes you getting to where you need to be pretty quickly. Thank you very much for taking the time. I appreciate it. You're welcome thanks for having macari appreciate the chat salmane piracha vice president cloud engineering cloud at customer. This concludes my guest hosting of software engineering daily. But the tour of the cloud isn't over quite yet subscribed screaming in the cloud on your podcast bought from of choice to hear the final episode of the cloud tour saga. And of course. Don't forget to go to last week in. Aws dot com to subscribe the last week in aws newsletter and. Follow me on twitter at quinny pig. That's q i double n. y. Pig for all my snarky tech's..
Software Engineering Daily
"oracle" Discussed on Software Engineering Daily
"Let's dive into the story that you just mentioned miniature because one of the things that i found when i talked to folks who are using. Hp or high performance computing is outside of some very specific. Use cases generally found in academia research. A lot of hp customers don't think of themselves in the context of hp. See on some level. This is harkens back to the problem of. Oh this is for your data lake and you talk to folks. And we don't have a data lake and sort of stare at them. No you have about thirty two bytes of data sitting in your object storage. What do you think that is. Oh you mean all the logging nonsense. All the assets are all the insert. Fill in the blank. Here it becomes something that customers don't self identify with. So what is hp for the vast majority of people out there who might not know what that is. I the secondly might not realize it applies to them so hpc's category of computer technology where you're really thinking about putting clusters of computers. So they can achieve a unit of war so in manufacturing does could be computer. Aided engineering on mutational dynamics figuring out if are know car's really gonna it. Crashes is really gonna sustain body injury as an example or is it going to happen. You know be able to fit. It falls off a bridge and on the water you know what's the rate of water flow into the car. A lot of interesting simulation work in manufacturing but it needs a lot of computational power to run these types of simulations and they all need to be done in concert with each other trying to achieve a unit of work similarly and finance is like trading platforms and risk modeling exercises and media is visual effects rendering which requires like rendering farms. You need a whole bunch of those and they do coordinated work and complete that order in a reasonable amount of time in some of that work is not showing up in sort of deep learning vase like coordinated works. It's not like the old classical high performance computing which has been labelled will be seeing that technology transfer into that type of work of as well and research and medical research drug discovery genomics climate change all that requires a whole bunch of computer servers put together coordinated where run algorithms and spit out in a result and do that quickly a reasonably well last but not least life sciences in analyzing the physical movements of atoms or molecules to vom genomic sequencing these are all various types of industries dodd jews high performance computing to achieve resolve. Hope that helps though the audience what. Sbc really means and for big four that you need bare metal. Instances low latency terrestrial networks using hundred gigabits per second argument technology and high performance storage to achieve that outcome. So i hope the it gives you a bit of colorful dish. Bcs no absolutely does. I have spoken to a couple of large hedge. Fund style computational heavy workloads and they wound up discovering was for what they were doing already built out of data center. They couldn't handle interrupts for their application stack super well and they were debating and we build out a second data center. Do we build a cloud environment and the answer became pretty clear. This was a couple years ago that there was no viable path economically to put this in the cloud unless they got some truly astronomical discounting which is always on a fixed term basis. So there's no guarantee that it'll be renewed at those generous levels so it's for their use case and given their sensitivity around how proprietary all the stuff was building a second data center economically made sense. I don't normally come up with that assessment. But i'm here to help customers come up with the right answer not try and push in any particular direction. I think there's some truth to that as customers eventually if they don't have the right. Price performance economic across compute storage networking and achieve the rate of performance. The network to complete. They will choose to go business as usual until when we looked at this problem to solve this across the stop right unpacked Readily available to have the work was compete to be completed and then the data has to flow out of it also has to be super cheap so i think that combination does make sense. Mazda nissan siemens they're all using oracle co today among some many others four. Abc style workloads. And that's one category. I'd be as we talked about and then the other category Touch a little bit on was was the war but the thing i didn't mention i think is words for a few minutes of chat for sure is what do you do for all the on. Premises workloads are sitting on blade servers today or commodity servers or especially service today. Generally i will wind up pulling the fire alarm. That winds up dumping all the foam out of the burbs of servers unworkable. rabbit written-off total loss by insurance. And start over somewhere else. But that's why they don't let me in the data centers anymore. Probably not a bad reason if you were going to do all that our that. A billion dollars worth of transactions every day. But i think the other thing that we were looking at selling off problem was customers. Trading in a single ride of a blade server for example for a single radical cloud sir does not necessarily get them along their rail of transforming the data center so data center transformation happening across the industry whether customers shrinking their data centers moving into Moving at all of the out is going to happening in one of these various types of shapes. And if you look at this market space and you say what hockey hall eighty percent of that work workload get to the cloud quickly apart. Because to be honest this is where or actually has a lot of business are exited. The combination of hardware and software. Today that are today. The provides us provide some really significant performance gains for her at all that customer base looking at this eighty percent work though. This is the tough engineering problem. That i think oracle has saw for. How do you get regions to scale down to various smaller size. So you can start small. And then linearly scaled them out. I think the notion of always having multiple availability inability zones to be part of a reason deployment all has been challenged in the market. But even in the market you'll see local zones right. I know small footprints and the engineering effort to get all of your services into a package out if you would that can help..
Software Engineering Daily
"oracle" Discussed on Software Engineering Daily
"Latency reassignment of peace for high availability. Invite migration multiplexing mac Excetera and lands or so we are seeing a lot of customers. Ready interested in running their vm. Ware stock oracle cloud because it looks very much like their battle that we're running on premises taking advantage of the scaling function of exiled taking advantage of the price performance function of the cloud and being able to really be more agile. So that's one. Category the other category related to networking as long as our hsbc fabric because hp requires note in clusters to be able to speak to me the best become mutation fluid dynamics whether that be visual rendering but without owning simulation the need the network to be really perform at at all times at every time as o. h. b. c. is use cases. There are as mazda nissan and a whole bunch of visas happening even an mit. That's how it takes. Advantage of our both our instances in our network stock to achieve certain scale points. I think we're seeing a lot of customers. Use it for that. Simplicity pricing or as into all that but abc our magazines a structure that such as On premises and the nations are making really attracting a lot of our customers. The other category. Which i'm not a super close tube. While others in oracle ours are isv category which are looking for simplicity of deployment. Significance does independent software vendors. Correct big yet these things. Because sometimes if i have to think for a second i'm probably not the only one. Please continue not sure so. Independent software vendors as a hill category of customers. They're continuing to build on oracle so that they can take advantage of the price performance at oracle offers while providing superior service to their customers and take advantage of cloud and in that space. We have a whole bunch of customers in or talks like eight zoom al-tair another in that. That book is workforce recently that he added to that as bob. And so these are non oracle workloads. They have nothing to do with oracle technology. Some of may have been running oracle databases in the past. Maybe a portion of it but buying far darks their purpose knife is to develop a new orleans. Act or in delivers about the oracle has been able to support these types of workouts. Couchbase is a modern multi cloud to edge sequel friendly jason document database for building applications with agility performance and scale if you're new to couchbase and would like to learn more the couchbase developer portal is.
Software Engineering Daily
"oracle" Discussed on Software Engineering Daily
"Instantly scale able to use just in time provisioning etc that the benefits of cloud as customer side. The that or goal knew about its customer base was a lot of their customers were using legacy software on the continue to have some legacy software. The customers they serve have a very different journey to the cloud so know a lot of customers have changed the may think about cloud journey and have adopted principles and services for sure but oracle really wanted to sort of say if i were to get customers to using of course oracle parts on oracle serves not just database has a whole bunch of software products in our you know global business unit space in another and get them to sort of seemed to see move without. What would that look like. And i think that's that story got a bit interesting. For example has a whole bunch of investments or was made in l. to allaire to networking to virtualization it. That's tough engineering work. Because usually what happens in town environment is the layer three. The packets are version so they're digging overlay network and you can send traffic for one instance to another instance offi as if you're in a in a physical Already not so as i all a numeric a few things so there's really look deeply add it. What if we were to do their to. What if we were to start. With sovereign virtualization for increased performance of networking and networking became very cool focal point for example or the first ones to offer ardia main one hundred gigabits per second network through between instances at scale in the cloud because customers were doing all these tough workloads and didn't want to have to change there. Were close to move like the events of the price. Performance data ingress egress challenges etc. So i can elaborate on these things in more detail but the fundamentals of building drought offering. That feels very much like on premises software. Little change in the naming conference lift and shift. I think has merits. Technical matters for sure and i think customers just getting the million or offer to them. Frankly org but has been in. A second generation offering has been relatively late to what was already stopped in the marketplace right. and historically. it's been mostly a story that i've seen in public around. Oh if you have existing oracle workloads. This is the best place to clarify them for lack of a better term. That said. i'm starting to see breakthrough success stories. We're folks who do not have these day. Disclosed on oracle environment are starting to seriously consider oracle cloud for different workloads. The thing that caught my mind you allude to networking but let's be very direct here. You are ten times less expensive for outbound. Data transfer than aws which is similar to the other tier one providers. So for anything that's heavily data transfer based that immediately becomes an object of significant interest and concern. Now everyone loves to say well once you're at significant scale. Of course no one pays retail sure but that also applies to you folks as well and when you're sitting here trying to sketch out a startup that might be heavy on data transfer. You're gonna use the publicly posted pricing just to get back of the envelope calculations and when you're orders of magnitude away from being a viable answer a lot of the expensive retail pricing doesn't seem to make a whole heck of a lot of sense so folks will never have those conversations with a number of cloud providers just because it doesn't look externally to be viable. There's some truth that for sure. One of the philosophies apart from the engineering principles along the principal engineers database do now come in built out. Oracle cloud was on top of the engineering principles was simplicity option so for example pricing simplicity or reply will have same does price across all regions. So now you can budget for a half thing about this. Instance cost one reason or the other now. We do have about ten of these regions. So it's like it's not trivial and submissively of pricing and this whole notion of having a single bucket accredits that you purchase and you can complain against any services was also a novel out for its time the simplicity of pricing transparency of pricing. And what you can easily use to construct your budget against. I think it's an important additional element of the oracle cloud story which are the customers are slowly but surely seeing 'em taking advantage played the customers. We have our website that we talk about that have used or goes egress to its advantage. Zoom on others in that same bucket like eight by eight but just the general principles of making pricing simple using savings to spicing across all regions for all types of services. It's big deal. And i think customers are really appreciate up. They seem to be my question for you is. Are you seeing a improved of oracle cloud from customers that do not have pre existing deep seated decades long relationships with oracle proper for sure. So i see a few parts of the business to those more convincingly i think if you look at all the networking it has done so a lot of our customers are not thinking about how to really run team where workloads on oracle cloud part because the workload catholic without l. too so denver applications were ready for physical networks ones particularly with dusters of compute nodes share the same broadcast maine's and use features for on premises that are supported lt or genetic extact foods apple assignment of max night without a preceding api hall low.
Software Engineering Daily
"oracle" Discussed on Software Engineering Daily
"Instantly scale able to use just in time provisioning etc that the benefits of cloud as customer side. The that or goal knew about its customer base was at a lot of their customers were using legacy software on the continue to have some legacy software. The customers they serve have a very different journey to the cloud so you a lot of customers have changed the may think about cloud journey and have adopted principles and services for sure but oracle really wanted to sort of say if i were to get customers to using of course oracle parts on oracle serves not just database has a whole bunch of software products in our you know global business unit space in another and get them to sort of seemed to see move without. What would that look like. And i think that's that story got a bit interesting. For example has a whole bunch of investments or was made in l. to allaire to networking to virtualization it. That's tough engineering work. Because usually what happens in town environment is the layer three. The packets are virtually so they're digging overlay network and you can send traffic for one instance to another instance offi as if you're in a in a physical Already not so as i all a numeric a few things so there's really look deeply add it. What if we were to do their to. What if we were to start with sovereign box. Virtualization for increased performance of networking and networking became very cool focal point for example or or the first ones to offer ardia main one hundred gigabits per second network through between instances at scale in the cloud because customers were doing all these hoffler clothes and didn't want to have to change there were close to move like the events of the price performance data ingress egress challenges etc. So i can elaborate on these things in more detail but the fundamentals of building drought offering. That feels very much like on premises software. Little change in the naming conference. Lift and shift. I think has merits technical matters for sure and i think customers just getting the million or offer to them frankly but has been in a second generation offering has been relatively late to what was already stopped in the marketplace right and historically. It's been mostly a story that i've seen in public around. Oh if you have existing oracle workloads. This is the best place to clarify them for lack of a better term. That said. i'm starting to see breakthrough success stories. We're folks who do not have. These disclosed on oracle environment are starting to seriously consider oracle cloud for different workloads. The thing that caught my mind. You alluded networking. But let's be very direct here. You are ten times less expensive for outbound. Data transfer than aws which is similar to the other tier one providers. So for anything that's heavily data transfer based that immediately becomes an object of significant interest and concern. Now everyone loves to say well once you're at significant scale. Of course no one pays retail sure but that also applies to you folks as well and when you're sitting here trying to sketch out a startup that might be heavy on data transfer. You're gonna use the publicly posted pricing just to get back of the envelope calculations and when you're orders of magnitude away from being a viable answer a lot of the expensive retail pricing doesn't seem to make a whole heck of a lot of sense so folks will never have those conversations with a number of cloud providers just because it doesn't look externally to be viable. Yeah there's some truth to them for sure. One of the philosophies apart from the engineering principles along the principal engineers database do now come built out. Oracle cloud was on top of the engineering principles was simplicity option so for example pricing simplicity will have same instance price across all regions. So now you can budget for a half thing about this. Instance cost one reason or the other now. We do have about ten of these regions. So it's like it's not trivial and submissively of pricing and this whole notion of having a single bucket accredits that you purchase and you can complain against any services was also a novel out for its time the simplicity of pricing transparency of pricing. And what you can easily use to construct your budget against. I think it's an important additional element of the oracle cloud story which are the customers are slowly but surely seeing 'em taking advantage played the customers. We have our website that we talk about that have used or goes egress to its advantage. Zoom on others in that same bucket like eight by eight but just the general principles of making pricing simple using savings to spicing across all regions for all types of services. So it's big deal. And i think customers are really appreciate up. They seem to be my question for you is. Are you seeing a improved of oracle cloud from customers that do not have pre existing deep seated decades long relationships with oracle proper for sure. So i see a few parts of the business. I can speak to those more convincingly. I think if you look at all the networking it has done. So a lot of our customers are not thinking about how to really run team where workloads on oracle cloud part because the workload catholic without l. too so denver applications were ready for physical networks ones particularly with dusters of compute nodes share the same broadcast maine's and use features for on premises. That are supported. Lt or genetic extact foods apple assignment of max night without a preceding api all low.
Lex Fridman Podcast
"oracle" Discussed on Lex Fridman Podcast
"Have to interact with all the world's data and provide all the services that blockchain's don't provide right so there's kind of a spectrum on the spectrum you have blockchain's that are highly secure reliable highly tamper-proof highly transparent but are not very feature rich for example. They cannot talk to an api. Many of them can't generate as they cannot do some kind of privacy preserving computation so they're very secure and there are these kind of data structures and smart contract platforms to hold unchain code that can define conditions receive value. Pay value back out under conditions and create transparency around all that which makes perfect sense. And then there's oracles an oracle networks. That is all the world's data right. We're talking about taking all the world's data and making it consumable for all the world's use cases that have trust issues so the amount of variability there is absolutely massive. Right it's like the decentralized oracle network and the conditions that that essentially oracle network needs to meet from an insurance contract to a lending contract to an ad network contract to the data sales contract that that we discussed to any number of other smart contracts so really the ability of a decentralized oracle network to flexibly address all of those requirements is. What's necessary so flexibility is the goal whereas with the unchain. Bitcoin flexibilities the enemy. In the sense that you want security the you want the focus there in in that kind of world design decisions have huge consequences. And then if you look at the distributor oracle network side you want to remove the restrictions of design choices. You went to provide maximum flexibility..
Lex Fridman Podcast
"oracle" Discussed on Lex Fridman Podcast
"Twitter. Yo pays the driver through stripe. If those services weren't available to the people who made uber they wouldn't have made over right because they would have written their core code on some database and then they would have had to make a ju location company telecom messaging company and global payments company and. They wouldn't have done that because it's too hard. And that's the weird scenario that a lot of people in our industry are in. And that's the problem that oracle and oracle. Networks fix is. They provide these decentralized services to take this develop reko system the blockchain and smart contract developer ecosystem from. Hey i can have a database and right some application logic about token ization and voting and private key signing all of which is super useful is a critical foundation. But now if you just lay around all the world service's whether that's market data. Weather data randomness. Suddenly people can build defy fraud-proof gaming fraud-proof trade fraud-proof ad networks. And that's why this world of the centralized services and decentralized oracle networks is particularly in my opinion important to our industry. Yes funny you you you talk about the currency of decentralized world defy but decentralized services world is primarily just tokens and is basically just financial transactions and the kind of thing the reason why super exciting the kind of gathering with chain link oracle networks is a. You can basically open up the whole world of services to this kind of Decentralized smart contract world. I mean you're talking about just orders of magnitude greater impact financially just socially and philosophically are. They're interesting near term and long term applications. Excite you yet. There's there's a lot that excites me. And that is how. I think about it that it's not just about. We made a decentralized oracle network. It's about we made a decentralized service or collection of services and it's going from hundreds to thousands and then people are able to build the hybrid smart contracts which i think will redefine what our industry is about because for example for the people that only learned about blockchain's through the lens of nfc's they understand blockchain's through nafta's not through speculative tokens are bitcoins. Right and i think that that that will continue. I think the use cases that excite me they vary between the developed market at the developed world's economies and emerging markets. I think in the developed world what you'll see is that transparency creating a level a new level of information for how markets work and the risk that is in markets and kind of the dynamics that put the global financial system at systemic financial risk. Like two thousand eight and my hope is that all of this infrastructure will will soften the boom and.