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Speaker A: Hey, guys, welcome to our episode after the episode with Brian Armstrong and Patrick Joyce on decentralized science. |
Speaker B: You know, David, it's just called Joyce. |
Speaker A: Yeah, Joyce. Yeah, Brian just called him Joyce. That's cool. |
Speaker B: Yeah. |
Speaker A: I start calling you Hoffman. Call me Adams. |
Speaker B: Oh, no, we're not in high school, buddy. |
Speaker A: Ooh, was that a slate on Brian Armstrong? |
Speaker B: But no, people called me Hoffman in high school. I was like, oh, did they really? Yeah. Yeah. How about the Hoffmande d Hoff? They called me Dhoff. |
Speaker A: David Hasselhoff. David Hoffman. I'm sure you got this. Did you get Baywatch reference? David? |
Speaker B: David. David Hasselhoffman was also one. But no, it was mostly d hoff that stuck. |
Speaker A: Oh, man, that's great. I had no nickname in high school. You'd be happy to know. |
Speaker B: Yeah. You had to give yourself a nickname. You had to add Shawn to your name. |
Speaker A: Yeah, that's. I definitely. In real life, I just go by Ryan Adams, but on the Internet, there's a lot of those weird. It's like, I know, way too short. Anyway, let's talk about the subject matter at hands. I never thought we would have an episode with Brian Armstrong where we talked about science. We talked ... |
Speaker B: Yeah. Not until the very end. And it was about. Was like, yo, how are you splitting your time? And he's basically just like. He's an advisor of research hub, who probably is a very activist investor, too. And that's probably how he got, like, co founders. |
Speaker A: Yeah, he's not doing the Elon Musk thing, you think, where he's actually, like, running all of these things and finding. |
Speaker B: 120 hours of work as Elon Musk. |
Speaker A: No, few are. |
Speaker B: No one is probably same number of hours of work, but just with a little bit more of a Zen head on his shoulders. So I think DSi and this concept of deci is when I got into crypto in 2017, and we were doing the whole ICo mania phenomenon, and we had, like, crazy ideas. We had, like, supply chain blockchains, ... |
Speaker A: Oh, just you wait, David. We will find a way to speculate on Deci. All right? It's pure right now. It won't. |
Speaker B: When that phase of this bull market comes, I'm selling. |
Speaker A: You're leaving. |
Speaker B: I'll come back in a couple of years. But, like, as soon as DSI enters, like, the traders here, I'm like, okay, this is. We're frothy here. It's important that we are taking the principles of crypto and applying them in completely different contexts, because I think it shows how expansive crypto can be. Becau... |
Speaker A: A couple of reflections. So, you know, first of all, I agree with that. You know, one thing I'll say is, as far as, from where is crypto actually being used? Like, where is block space being consumed sort of thing. This kind of app that they're building with research hub. And I think many of the Desi project... |
Speaker B: Like, the only on chain footprint really is like, the economics of, like, for this particular project, specifically research hub, like, the trading of the token, the passing of the token, the payment of the tokenization. But also, it can also get more expansive than that. Filecoin is actually not even adjace... |
Speaker A: Do you see this? Like, well, as you were talking, I was looking up the price of research coin showing anything. |
Speaker B: It's pumped bigly. |
Speaker A: Like, what is this? I mean, you said the speculators aren't here, but I don't know. I'm looking at this chart. Yeah, this is RSC price. |
Speaker B: I wonder what happened right when it went vertical. |
Speaker A: Okay, so we should describe what we're looking at. |
Speaker B: So when was it? November 9 and 10th. Wow. |
Speaker A: There's not much liquidity here, though. |
Speaker B: There can't be. |
Speaker A: There's almost. |
Speaker B: No. Okay, so fully diluted valuation, $375 million. It used to be. Wow. |
Speaker A: But look at the market cap. |
Speaker B: Used to be $1.3 million. Wow. Yeah, $1.3 million in November of this year, and then it jumped up to $60 million. But, like, I wonder how much was trading. It couldn't have been much, right? And so, like, that's not like somebody didn't sit on, like, a ten x gain or something, but, like, there's definitely a ... |
Speaker A: There's a little bit, but there's not. |
Speaker B: Oh, my God. It's time to swap. That's great. |
Speaker A: I. Who knows? It could pump as a result of this episode. Really? I mean, like, I don't know. |
Speaker B: I hope not. |
Speaker A: That's one thing we didn't get into. |
Speaker B: Well, I'm sorry, I'm not going to talk about research coin on a podcast with Brian. |
Speaker A: Yeah, don't sell it. We just talked. We just talked about how. How great it is that we're not. But there's a token and so you know what's coming and Brian Armstrong is behind it. And like, Brian Armstrong, founder of Coinbase. Yeah. |
Speaker B: Win research coin with hatred. |
Speaker A: Oh, God. Anyway, so what do you think about the approach that. Okay, so open science, you talk to somebody else from like kind of the deci community. Here's research hub. Brian Armstrong clearly thinks it's worth his attention. They built something here. It's got hundreds of thousands of scientific papers th... |
Speaker B: Yes, this was a little bit why I was asking Patrick and Brian in the episode about like, yo, we have this new blank slate, but it's blanken. And I bet you in the developmental arc of this platform, if we are applying a similar comparison to Ethereum, it's probably like 2016. 2017 Ethereum, where we thought p... |
Speaker A: Yeah, it's, there's a lot of cool problems to solve here. And if they can solve them, I think this could be really powerful. Like even just the simple idea of using a safe, right, so simple agreement for future equity. That was I believe kind of like a standard contract that I think it's like y combinator cr... |
Speaker B: Yeah, yeah. And kind of going back to what I was saying where like, well first we had defi, then now we're getting deci. What about d I don't know, like food d whatever. D something do we new other institution of humanities arc like we have the Ethereum magicians of Ethereum. We're getting the Ethereum magic... |
Speaker A: I mean, that was awesome, right? |
Speaker B: Why else are we in crypto? I'm here in crypto to re architect the way that humanity is built so that it's built with better foundations and we can move faster. I guess that makes me an accelerationist. |
Speaker A: It's kind of hard, though, right? So, like, even in crypto, where we have all these tools, if you contribute to Ethereum research, that's kind of a similar type of venue as something like this, this research hub, right? You know, the Ethereum research forums. I, as an individual contributor and, like, postin... |
Speaker B: But you can start, I mean, every single thing, crypto, deci, d food, whatever, included d health. I guess that's deci. It all boils down to the same problem, which is governance, which is humanity's greatest problem. It is. The problem of humanity is governance. And there's no silver bullet for fixing govern... |
Speaker A: Yeah, you're right. And another kind of term for governance, more abstractly, is what is government governance? It's who has control over capital allocation decisions, like who has yeah. And who gets the proceeds of, like, the resources, who gets the return on that and very, very difficult to solve. The inje... |
Speaker B: Bullshit or is it not bullshit? Someone just tell me. |
Speaker A: I don't know. It's probably a little bit like, there's probably a little bit of both. There's probably some risk here that's kind of like, could a platform like this answer that question? Because I don't have a good resource. |
Speaker B: Because chat, CBT is not going to. |
Speaker A: Help you because, well, and then people tell me, like, all of the pro vaccine like studies are, you know, pharma funded. Is that true? I don't know. Can a platform help me answer that question? Cause that would be great. It'd be good for, you know, like all kind of citizens, all people of the Internet, peopl... |
Speaker B: Yeah, no, very, very much agree. |
Speaker A: Anyway, it's nice to have content that's not crypto, actually. |
Speaker B: That was a breath of fresh air, I'd say. |
Speaker A: Well, cool. We're scientists now, David. We're on the journey of always. We're always worried just higher in the stack, you know. Now we're going to our roots here. |
Speaker B: Well, that is the bull case of deci, is that it democratizes access to doing science. |
Speaker A: Oh, you could be a science scientist. |
Speaker B: You be your own bank, be your own scientist, same thing. |
Speaker A: Be your own scientist. As long as you have verification of the block, you can repeat the experiment. That's what we need. It's real science. Right, right. We're all science validators here. |
Speaker B: Yeah. |
Speaker A: All right, this has been the debrief. Thanks, guys. We'll see you later. |
Speaker B: Thanks, guys. Bye. |
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