as everyone doing it's the new year we're having our first proper bi-weekly call i hope everyone's had
a nice holiday away and we're back and we have so much to talk about um we're joined today by
mark and jonathan um both john is leading the bd side um and the growth and mark is part of
the Bell 2, the Bitcoin Elastos layer 2 project, which really is about building smart contracts
on Bitcoin using smart web technology. So there's been so many different developments going on
and I think we should just jump straight in. I think the format of how we'll run this is,
let's talk a little bit about the recent release of Elasti. There's been so much going on here,
which has been really exciting. I think when we look at the 2018 vision and what's kind of
wrong chain set out with, here we have a framework now for monetizing data. So when Elastos allows for
the ownership of data, we can now say on this smart web technology, we have the tool sets to monetize
that data. And just over a week ago now, we released DRM. This is decentralized rights management
for video on the Elastos smart web. So we'll talk a little bit about that. It's been very exciting.
Mark's going to give us a little update on all the development that's going on in the Bitcoin
Elastos layer 2 project. Everyone from our team has just been so busy, both having calls,
making connections, and then also on the engineering side, kind of bringing everything together. So
there's lots of exciting developments there. And then finally, we're going to invite some
community members on just to talk about the different things going on in the Elastos ecosystem,
which will be chaired and led by John. So let me jump straight in, because I think from my perspective,
I'm head of Bell 2, but I'm also been leading Elastos with the DRM side now for well over two
years. And I think for most of us in the community who have been here since 2018,
there was a moment last week where everyone suddenly felt what really is a web 3 data
economy. It felt the feeling of what this whole mission has been about. And it was the ability
to go into Elastos on Elastos and actually purchase a video capsule and decrypt that video
capsule, watch it back, which we made the first video for this on the modern internet video.
So a 2018 video that was very popular. We used that as the first video to encrypt and sell.
All the proceeds go to the cyber republic DAO as a thank you. And in every purchase that was taken,
what you're really doing is you're interacting with the creators. In this case, it was Elastos'
digital rights management deployed smart contract. So traditionally in web 2, what really created
the kind of golden era of web 2, and it still continues today, is actually the ability to
protect intellectual property and monetize that intellectual property. And so when we think about
Google, Amazon, all these great giants, they've actually come and risen to power as a result of
the ability to integrate digital rights management systems into their products. Now, part of the
evolution of DRM and what's made them so good is that they have been gatekeepers of this digital
rights management systems. So they, primarily the big four, big tech companies have DRM services,
where they have a centralized license server. You as an artist, as someone who owns content,
can encrypt your video, your music, your documents, your games, anything that can be a digital asset
can be encrypted. And then a decryption key to decrypt and enjoy that content is usually handed
to you through a license server. So it's a centralized hub. So every time you go onto
Netflix, every time you use YouTube premium, even every time you're playing games and
you're accessing subscriptions, Spotify music, and what's really happening is you're interacting
with a license server, which is decrypting the content before you play back. And that checks,
do you have the rights in order to play this content? And if you do, because you pay a
subscription and you have an account, it will decrypt the content for you. Now it happens very
fast, but a very intricate system is in place to ensure and protect intellectual property.
The drawbacks of this is that it's been controlled by gatekeepers, to which most actually take up to
45% of a creator's profits. Not only that, but if license servers, because it's such a complicated
task managing all of these different license keys, there's not many that are able to do it. And
the ones that do are just managing an astronomical amount of digital rights online. They're
effectively servicing the whole internet. So this becomes a huge security risk in the bigger picture,
because if you can do DDoS attacks, you can target these servers, you can actually then go
ahead and decrypt a whole lot of content. And that's where we see these massive blowups where
there's these hacks that take place. So from a security perspective, we want to decentralize
these systems over time. And the benefits of decentralizing these systems is as an individual,
you can actually earn a lot more with your intellectual property. And so we've been super
excited because for the last year and a half, myself and my team Anders, seeing the guys that
are behind Elasti, this is wrong and Dr. Zinn as our advisors as well. We've been building this
new system and it's a framework which can scale into all different types of assets.
But fundamentally, it allows for you to be able to package, so to be able to encrypt,
to distribute, so to be able to distribute both the content and the smart contract that you create
the terms or the business model on onto a decentralized network, the ability for anyone
to globally trade access, or to buy that content and decrypt it. And then finally, the ability when
you do purchase a digital asset to play it back all in a secure environment. And that's really
what Elasti is here to deliver. And these pieces are what come together to create the DRM system
that we're offering. And we will continue to innovate on this. And even just as a creator,
being able to earn a lot of money to then also being able to distribute payments immediately rather
than relying on royalty houses to do it for you are huge innovations. And at this point,
the system is only available for Bella holders, Bella NFT holders to be able to mint video
capsules on. So it's quite closed for just our testing. So we have from the last week gathered
a whole host of feedback and we're refining the system from that. And then next, we will allow
Bella holders to create affiliate links, meaning that they can give to someone else and they can
then upload content. But the real the Bella holders can actually define a percentage that
they may wish to have as well when they give an affiliate link over. So it creates income
opportunities. And the final step really is about allowing anyone to create their own
personal server, their own IPFS node, which really is then about you deploying your own
Google drive like environment, and then you can encrypt your capsules to your own Google
drive like environment. And you can set the supply of how many capsules will be available
globally to be traded. And you are in full control both of the on chain rights through
the smart contracts, but also the off chain data, be it in your own personal what we call
a shop, your own shop front. And so it's been such a great week. I'm sure many people
have been following what's been going on. And we had the second video that was uploaded was
my everlasting and he'll be talking a little bit in the panel towards the end. But for someone
like everlasting, he uploaded an interview with wrong Chen, talking about all the innovations
in elastos. And actually, you know, within 24 hours had actually produced over $5,000 worth of
income, through being able to sell his content to a global audience, which is a staggering
statistic to take from this. And what we're looking for initially, actually,
as we refine the system on the engineering aspects, are these kinds of testimonials, you know,
you go you go look at some of these videos, and they might only have 10 views. But actually,
that's 10 purchases that's taken place. And in that case, for some creators, that's let's say,
let's say $40 to $60. And that fundamentally is much more than you would have earned on
YouTube with hundreds, if not thousands of views. So it's a very interesting kind of spin on what
we're used to, because the traditional models, especially in web two, when it comes to something
like YouTube, and actually making video content, is much more centered around getting as many
views as you can possible. And then the web two platform then basically does a deal with an
advertiser, and the advertiser then pays the content creator, and then the web two company takes
their 45%. So you're not really doing a direct deal with the advertiser for one, but nor are you
directly selling content to the world. And in this model, you can sell directly to the world,
there's a very, so very close creator, creator consumer relationship, which we don't see today.
And so I think for the people that were a part of the launch, we all felt it, you know,
this is what we're here for, we've established this technology. And then when we think about how in
the coming months, we're going to just refine and make it better. And then we're going to add new
assets. But then we also think about Bitcoin, Elastos layer two, and how we are building,
you know, smart contracts on top of Bitcoin, we then start to think, well, hang on a sec,
this technology is ultimately going to sit on top of Bitcoin, it's going to plug into what is
roughly $750 billion of value. And really, for Bitcoin, it's dormant value, the purpose of
Bitcoin is to unlock new markets. And it's, you know, Bitcoin is growing and innovating in itself.
So can we allow users to use that value in a productive way? And we can say yes, we can
now start to place this technology on top and build a new Bitcoin powered digital economy.
And this is using Elastos smart web technology. So thank you to everyone who has to this day,
been on this journey with us, you know, it's a huge milestone. Our next goal really is to refine
things to open up access, but then to start increasingly more go to market. And that's
both in video markets, but also in music. That will be the next, you know, most obvious
asset to build markets with. And then we work our way up to everything from gaming into software.
And, you know, these are such broad markets, we really just want to be able to say,
here is a global marketplace, it's decentralized, and you can come and sell your intellectual
property with the world. So that's the power of web three. I think we got a glimpse into that
last week. And I'm super excited for what will come this week, what will come for this month
and into the next and for this year, it's it's really, really good. So a little update about
Elasti, everything that's been going on. Shortly before we had this this call today,
we were on a call with Bell to we have board meetings, we have board calls every Friday,
where we give, you know, updates, and we discuss within, you know, a group about all the
kind of achievements and things that are moving forward. And we have some really exciting things
coming both next week and in the months ahead. And I think probably what's most appropriate is
we give us an update on what's been going on on the engineering side, because really the first
months, three months, particularly are about building towards a proof of concept. And we are,
you know, over halfway, if not nearly at the end of the first month. And the team have been
working so hard on that side. So, Mark, are you are you here and on?
Yes, I'm here. And first off, congratulations to you and your team. Elasti, what you guys have
accomplished is, is amazing. And if, you know, $5,000 can be generated from an interview with
wrong just from mainly our local community members, imagine what could happen once Bell
two gets implemented and then the value behind Bitcoin. And also, once other people actually
find out some of the intricacies of what you've created. I mean, it's it's amazing what could
happen. I believe we'll get there. It just takes a matter of time for a lot of these new
technologies to fully be rolled out and understood by the wider audience. But yeah,
congratulations to you. It's amazing to accomplish. So thank you. And I do think,
no, you really appreciate it. And I do think web two platforms actually, they work to web three
and to Elasti's advantage, because when we start really opening up, you know, access for a creator,
anyone can purchase access tokens globally. But for a creator, if you already have a big audience
on web two, where you can also upload for free, you know, you have now this new monetization
option, which is elasticity, where you don't necessarily need to do free content on elasticity,
even though that's an option, but you could use the free content and the years of followers from,
say, YouTube or, you know, your social media accounts like Twitter, and then you can encrypt
an asset and you can sell access to it as almost like exclusive content. So I think,
you know, I'd like to think we're not trying to make enemies with web two as much as we're here
to enhance web two for creators and say, well, actually, you know, you've got another option
where you can monetize and use your follower base from web two and continue doing free content on
web two, if that's what works. So yeah, thank you so much, Mark. And yeah, it's exciting. I
think for all of us, we just keep our heads down, keep iterating. And really, the goal is to find
that inflection point. And before that inflection point, there's sometimes pessimism, you know,
you're not sure. But when you hit that inflection point, it's a point in which everything changes
and you have nothing but just, you know, excitement and optimism. And when I look at
elastos, and I look at elasticity, and then I look at bell two, and I look at how this
is all coming together, it's like, yeah, cool, we're on our way, it's going to be really
exciting. So yeah, I'm really interested to hear from your side, Mark, some of the development
updates and thoughts your side. Yeah, absolutely. So we have had an opportunity to talk with
the engineering team related to the bell to roll out. And for those of you who've had an
opportunity to look at the the four bell to roadmap, it is available on elastos.info.
So you can look at that. But as Sasha alluded to, it's laid out in several phases.
What we're in right now is the lane, the foundations phase. And we have confirmed that
multiple areas of that phase are complete, are in completion or near completion. So four things
that I'll review briefly, and I'll attempt to do it in non developer terms, as I'm not a developer
myself, but I think it is important to understand at least some of the super superficial things that
go behind the more in depth technology for some of us who aren't developers. But the first thing
that they've completed is the proof of transaction amount of Bitcoin legacy addresses, which
basically means that the team has successfully developed a method to verify the amount in
Bitcoin transaction and the transactions that use some of those older legacy Bitcoin addresses. So
not like segwit or taproot, but but they have confirmed all of that. Number two,
the proof of the elliptic curve signature. So Bitcoin transactions do use a form of digital
signature known as elliptic curve signatures to ensure that the person sending the Bitcoins is
the rightful owner. The team has developed a way to verify the signatures, which is a crucial step
in ensuring the security and authenticity of the transactions. Number three, the proof of
sure signature. So sure signatures are a newer type of digital signature used in Bitcoin known
for their simplicity and efficiency. And the team's ability to verify these signatures means that
Bell to can support the latest types of Bitcoin transactions, which you see signatures for
improved security and efficiency. And lastly, they verified the zero knowledge proof in the
contract. So zero knowledge proofs are a way to prove that a statement is true without revealing
any information other than the fact that the statement is indeed true. So the team has
successfully implemented a system to verify these proofs within Bell to smart contracts.
And this is important for maintaining privacy and security in the transaction.
And as I alluded to earlier, for transactions using legacy addresses, the team has resolved
most technical challenges. So it's mostly about putting in the time and effort to complete the
work. However, the newer Bitcoin addresses like SegWid and Taproot the team is in the
process of developing methods to verify additional parts of Bitcoin transactions, specifically the
unlocking of scripts and segregated witness data. So these are more advanced features of
Bitcoin that allow for more efficiency and flexibility in transactions. Now, one thing I'll
also mention in regards to what they're looking forward to over the next couple of months or so.
So the engineering team has said that the first they're planning to publish a demonstration or a
demo in February, they intend to release a prototype version of the product in February.
And this demo is typically, I mean, it's meant to showcase the basic functionality and concept of
the project to potential users or stakeholders. So the number two, there's a plan to publish the
first version or the alpha version known as an MVP or minimal viable product. So in March,
they plan to release the first functional version of the product known as the alpha version.
This will act as again, a minimal viable product, which includes the most essential features that
demonstrate the product's potential and core functionality. As an MVP, it's often used to
gather early feedback from users. Number three, they're planning on developing a business related
DAP or decentralized application. So after MVP, the next step is develop a decentralized application
that has a business use case. Presently, the specific type of DAP has not fully been decided,
although there's a lot of stuff in the works that we really can't share at this point,
but I'm excited to in the near future. But it could be a Bitcoin decentralized finance
application, which would involve financial services like lending, borrowing, or trading
without central intermediaries. And then lastly, they're continuing to develop the
relayers protocol and their plan on that being published by June. So in parallel with the
decentralized application development, we'll also continue to work on the relayers protocol.
A relayer protocol is a system in a blockchain network that helps to facilitate transactions
between different parties. And it's often used in layer two solutions to improve the
scalability and efficiency of the network. So the developers, they aim to make this
service decentralized, meaning it would can operate without essential authority and enhance security
and trust. And this, again, is on tap to be released by June. So really, I mean, if you look
at the original roadmap, the team has made significant progress and handling various types of Bitcoin
transaction. They're well on their way to achieving their vision of rolling out the full
purpose and functionality of what Bell2 should offer. So I think there's a lot to be excited
about in the upcoming months as things get rolled out. I know there's a lot of hype here lately about
Bitcoin layer two projects in general, as many of the people listening may be aware a new
Satoshi EVM kind of layer two option has just been released and has a ton of hype around it. I think
eventually, I think it would be a good idea to really talk about some of the differences between
what Bell2 has to offer and other layer two options, such as the new Satoshi VM and also
what Stacks has to offer. Because there are really clear distinctions that from all of my looking into
things thus far, I really think we have a lot of advantages in certain areas. But I won't go into
the details of that yet. I know in the Telegram communications that we have for Elastos, there's
even been community members that really have delved into what makes Bell2 different than other
layer two options. And off the top of my head, there was an individual who it sounds like he's
been in the community, he or she has been in the community for quite some time named Spark,
who just laid out a really well-written piece on some of that. So totally props to you,
Spark, for what you've contributed. I think the more we're able to present some of the
advantages Bell2 has to offer, the more excitement that will go along with this, which will in the
long term help with our overall likelihood of adoption and really not only competing with these
other layer two protocols, but really being a priority or a first option. Because I think the
way things are looking, we're setting ourselves up to be in a really good position with this new
technology as it's rolled out over the next several months. So I'm also really excited to hear some of
the community panel as they discuss things with John. Before I pass it off to John, Sash,
did you have anything to add about any of the tech issues I just kind of reviewed?
Yeah, Nate, thanks, Mark. It's pretty staggering. I mean, guys, we're two and a half weeks into
the beginning development. So to hit these milestones this early on is actually huge.
I'm coming from understanding and working with engineers. And I know that it's sometimes
really hard to give dates and deadlines with engineering, because you get these bugs,
you get these problems that arise. And sometimes it takes longer than you wish. And that was a
concern I had initially with us in April, because I was thinking it could extend. But
from what we've done so far, I think it's actually extremely exciting and impressive,
because some of the core foundational work has been achieved and it's working now.
And to try and simplify what Bell 2 is really doing is we're building essentially
a Bitcoin network where when every transaction or sorry, a Bitcoin ecosystem where every
transaction that takes place generates a zero knowledge proof. So essentially generates a
proof alongside the transaction, which shows that that transaction took place. And then you have
what are called relayers, decentralized relayers, which are anyone from yourself to an institution
who can effectively stake ELA as collateral. And dependent on how big that stake of collateral is,
depends on how big of a proof value that they can hold and they can basically move into the
layer two. And so you'll find that you could have small individuals with small amounts of money
becoming decentralized relayers and just doing small quick transactions for other parties.
Or you could find a huge entity that's staking a lot of ELA who was able to facilitate a massive
institutional trade into the layer two network. And so when these proofs are created, you would
pick a relay that you'd like to do business to facilitate this transaction with. And then they
would be in charge to move that proof into a smart contract, which then executes a function.
And then when we start to think of, well, actually now we've got smart contracts layered on
top of Bitcoin. And this is in our case, but you see these are EVM smart contracts too. So they're
bringing the Ethereum ecosystem into the Bitcoin ecosystem. And then staking ELA is what kind of
connects these two layers together. It's quite exciting. And also it allows for a lot of
different applications. And we kind of identify smart finance, smart entertainment, and then smart
assets. And these classes are very broad. And so we can envision all kinds of Bitcoin-powered dApps
in the future that are being powered by Elastos. And for those that don't know as well, Elastos
has been around since 2018. And its token, its coin, sorry, the ELA token has been merged
mined with Bitcoin since 2018. If you go to Google and go to the main chain explorer for ELA,
you can see the hash rate in which Bitcoin and which ELA has from Bitcoin miners. And what
essentially happens is Bitcoin miners, they provide the same security they do for Bitcoin
to ELA's network at no additional cost, but they get to earn a little bit of ELA as a result.
Now, the benefits for Elastos and the main chain is now and in today's current form,
there's over 50% of Bitcoin's hash power. So that's over 50% of Bitcoin's security is securing
the main chain. So ELA is, if not more secure than Ethereum, it is certainly one of the most
secure assets in the whole web through space. And then you think about it now powering a Bitcoin
layer two, it's just like, you know, we've had this relationship with Bitcoin for a long time.
And now we are just like growing into this further. And we can, you know, power all these
incredible applications. So extremely excited. And yeah, again, watch this space to think that
we've achieved this much this far. And you can imagine the conversations that we're having
kind of behind the scenes, and the kind of opportunities and thoughts that we are able to
now start to present and start to talk about. So yeah, thank you everyone for being on this
journey. And thank you, Mark, as well for giving a great update there. So I think we're going to
move into the next part of today's talk, which will be led by John. John, I'm with you. I'm
connecting. Can you hear me? Can you hear me? Okay, so I think I see John's connecting,
and I see everlasting connecting, but you might not necessarily be able to hear me.
John, we can hear you. I can hear you from here. We can hear you. Great. Well, if you can
hear me, then I'll carry on and thank Sash. Are there any questions from the community?
There obviously will be a test on all of that. Fantastic technical insight at some point.
Is everyone able to hear? Okay.
I can hear John, Sash. Okay, let me leave and come back in. Sorry, thank you.
Okay, so like I was saying, the community is obviously absolutely key to what we're trying
to do here. And I wanted to, somebody asked me actually on the telegram earlier in the week,
what are you doing here basically? Why do you want to be with Elastos? I'm a relatively new member
to the community. And so it's a great question, right? Why are you here, right? And one of the
things I said was that I'm very passionate about the idea of decentralization and having worked
in the internet for a long time, believe that it's just a better model to organize.
But then I also thought a little bit more about, I've had the privilege of working with an
organization, Y Combinator, that you may have heard of in the past, both meeting with them,
but actually working for some of their companies that they've created, and Airbnb, and actually
work with some companies that compete with some of their companies, so Box, who compete with actually
their Dropbox, which was their company. And one of the brilliant things about Y Combinator is they
have this theory called a growth mindset, which means that they come at things with a very
powerful purpose, right? And I'll just explain a little bit about that, because growth mindset,
there's Dr. Trump, who was the education of Trump, not Trump, by the way, who found it,
set out five and a half characteristics, right? And these characteristics really remind me of the
Elastos community. See if you agree with me when I go through them, right? First one is that
intelligence can be developed, a fixed mindset might say intelligence is static, a growth mindset
says we can move it on. So yeah, that's the first one. Second one for the Elastos community,
embrace challenges, right? Don't give up. And in fact, leads into the third one,
assist in the face of setbacks, you know, I'm very aware that a lot of people in the community have
been with us on a bit of a journey and have stuck with it and looked at many setbacks because of,
I think, this amazing theory of decentralization. The fourth one is see effort as a path to mastery,
right? And, you know, that's, you know, that's very, very important, because you're not going to
do the kind of things. The reason why I think we're moving so fast is because the engineers
believe in the project and are putting that super effort into it. And so that's why all successful
projects I've worked with, you know, you have that inspiration that kind of juice that moves things
forward. The last one is learning, or five is learning from criticism, which again, I love the
way the community questions constructively what we do. And then the last one, five and a half,
actually, which is the really important one, it's like finding inspiration from the success of others.
And that's really kind of kind of the key to it all, right? So when I talk about community,
that's what I really hope we can do as a community is kind of see that joint success as just a
fantastic thing. And importantly, try to, you know, essentially with what we're doing with Bell 2,
try and change the world. I want the community to be part of that, because I think it's our kind
of superpower, really, and it's what will make us happen. So one of the other things is we are going
to try to grow the community. We're looking to try to bring in new members to the community,
I think we've already have done. And, you know, again, that's a challenge to a growth mindset,
because when you change people, you know, it creates questions and challenges. But it's
a growth thing. It's good. So I wanted to kind of consult with the community and kind of get people's
views on how they saw the future. And I really wanted to go first to an amazing member of the
community who I came across when we first joined Everlasting, who's got a real passion for this
view. And, yeah, so I wanted to hand over quickly to Everlasting. I guess my leading question to him
is, I'd love to know the origins of the name Everlasting OS, I think I can guess. But what
really drives your kind of passion in being part of this community? So over to you, Everlasting.
Have we lost Everlasting?
Looks like Everlasting's a listener at this point. So Everlasting, you should have a request
and connecting in, we're here. Hey Everlasting. Here you go. Here he comes.
Yeah, that's a little noisy there. Everlasting, are you able to hear us and
Okay, I'll tell you what, what we'll do is we'll go to a new member of the community. Like I said,
we've really got a mission to kind of extend the community and bring new thoughts, new energy,
more diversity into the community. So I wanted to give Tim or Paxson, as he's known in the
Telegram world, the chance to explain what he feels about this crazy place, because he's
joined the community and just jumped straight into building gold out and actually, you know,
already kind of contributed amazingly. So Paxson, if you can talk, please talk now.
Hi, yes, I can talk. So where should I start?
Yeah, start with gold. Start with why you joined the community and why you decided to put so much
time, energy and some money into gold.
Okay, sure. So first of all, I know about Elastos forever. But now recently I went into gold. So
it started basically just with me being in the chat and hearing people talking about it. So
and then I saw basically that there was no chat yet. There was no telecom group. I don't know who
said it, but someone mentioned that maybe those coins should have their own groups instead of
everyone discussing all the coins inside the Elastos chat itself. So then I made that group,
made also Sasha and Admin. And yeah, then I thought about what can we do with gold? I mean,
it's a community coin, right? So it's all about, you know, making things with it. And, you know,
enabling people to communicate with each other. And one way people can communicate with each other
is now, for example, through a tip bot, which I developed, so people can actually show their
appreciation for each other by tipping gold or Elastos to people, which is something that's also
integrated now into the main chat as well. And I have also other cool ideas that could be done,
like maybe there's some branding that could be done. I recently bought the website elastosgold.com.
So pretty cheap, 10 years, only $150. So something can be done with that. And I'm actually quite
excited to see, you know, where the path flows. So generally, I just love the engagement. I love
to see where gold can go. And I think,
I think we may be having some technical difficulties. Can anyone else hear?
I can hear you, Mark. Yes. But I think we just went dark for a while. I think we're going to have to
give Elon a call about this. X is letting us down here. Can you hear me okay?
I can hear you now, Sash. Yes. Okay. Great. And Paxon, are you able to unmute? And can we hear you
okay? Are you hearing Paxon, Mark? I cannot hear Paxon. I can still hear you, though.
No, neither. Can everyone, if you can put your thumb up as an emoji, if you can hear us,
that would be really helpful, actually. I think we need to establish what's going on.
Okay. We've got 100% from Everlasting. Everlasting, if you unmute, are you able to,
are we able to hear you? Yeah, let's try it. Can you hear me now? Okay. We can hear you,
Everlasting. And then, so Paxon, it might be worth leaving the chat and coming back in.
It looks like we can hear you talking, but the audio isn't coming out.
You cannot hear me. Hello? Okay. Yes, we can hear you now. Yeah, perfect. Okay.
I don't know what's going on, but good to be back. I know. The perils of technology at times.
But I think, yeah, if you don't mind continuing. John, I'm just sorry. Before you do,
John, actually, can you hear and are you able to speak?
No, John. Okay. I'm here. I actually, you probably can hear me now again.
That's good, yeah. I was just getting kicked out. Yeah. So sorry about this. This is the beauty of
community as it lives in the new world of X. Yeah. I mean, I think, as you heard from Paxon,
when he was talking there, the real kind of inspiration is to try to move the community
forward. And one of the things, the community gold, which is a community coin,
is really important. And I wasn't really aware of how it worked or in fact, other brilliant
named coins such as beer and platinum. And there are various others too. So it's really important,
I think, that we share and kind of try to pick up on the assets that just exist in the community.
So thanks to Tim for doing that. It's been really impressive. Okay, should we try with
Everlasting now? Because as I say, he's been here for a very long time and never wavered in his
passion. So Everlasting, do you want to explain why you see Elastos is so important?
Yeah, yeah, sure. Of course. I have been in with Elastos since 2017 or 18. And for answering your
first question, my name came actually from one of Ron's talks back in the days, when he said
that an internet OS can't have any versions. So it has to be like a everlasting operative system.
So that's why I took that name actually from his speech back in the day. But yeah, the most
important part for me is to show users that users finally can be able to own their own data. So
that is actually why I'm all into Elastos. So I share that vision that Ron has been talking about
for so many years. And I'm just trying to show other users how you actually can own your data
and what you are, what you can do by yourself. So that's why I tried to set up my node from my
Raspberry Pi or my ELA box, just to try and see if it works and also my high node. So yeah,
that's my passion. And yeah. And one of the things everlasting, as well, that you
were very kindly introduced me to, which is lots of web three social networks, so brilliant things
like warp cast, obviously lens and yap, where where the conversation around web three is really
happening. And, you know, one of the things that I'm quite keen on doing is sort of share that
knowledge more broadly. Do you want to just talk a little bit about some of those platforms?
Obviously, some of them are, you know, have the different agendas and stuff like that,
which is which is actually fascinating, because you see what any maxi looks like, you see what
a Bitcoin maxi might think. So do you want to just quickly talk about some of those other
platforms? Because I think it's really important if we're going to talk about being web three,
we've got to be in web three, not just in our community, but in the decentralized community, right?
Yeah, of course, of course. So at the beginning, I was trying out feeds,
feeds is a that built by Trinity back in days. And I just wanted to try what kind of other
social media are out there when it comes to web three, because I'm what I have found is that
the only real social media there, I can own my own data is actually own feeds. So that's why
I wanted to connect to the other platforms and see what other people's thinks about it.
But it says it has been very hard to get people to understand that they can own their own data,
because most of the users don't care, frankly. For them, it is okay to have your data on a
centralized server. And the most web free applications out now, it's more like the community are awaiting
a airdrop or a reward to for being active on that platform. So it hasn't been so much to
owning your own data. But I'm trying to talk to other community members and trying to understand
how we can get that point to the other users, why you need to own your data and why you
still want to own your own data. Yeah, and I think it's pretty inspirational how hard you push that
agenda in these social networks. And I think one of the things that I really want to try and see us
do in terms of kind of getting that story out there is sort of using a lot more social media.
I think the number comes up quite a lot in the community that we need to be on social media
more, obviously couldn't agree more. But you know, the question is, how do we go about doing
that? There are different ways. And so looking to the future, we're definitely going to beef up
some capabilities within the team around social media. I've worked with some guys that actually
they originally been working with, actually, they kind of set up the social media and
some comms function for consensus. And that 2017. So they actually consensus, rather strangely
decided to move to a much bigger global agency a couple of weeks ago. So these guys became available
for us to work with, which is almost like a gift, because they, you know, they literally,
you know, were right at the heart of building the kind of Ethereum social ecosystem. So
I'm really excited that those guys will be onboarding and supporting Ahmed and Houdini
who are driving forward or both the Ahmeds and to use their real names, the social program.
And so, you know, look forward to everyone's support in that. And again, we hear what the
feedback is from the community that we need to supercharge as we start to build momentum
with breaking new ground. So maybe we'll know if we don't tell them. So,
you know, that's really a very strong part of the agenda. So, yeah, you know, just to wrap up
this session, what I'd like to go forward is a lot more community members to engage on these kind of
talks and share their experience and motivation and what we can do, ideas and solutions. As I say,
it's all about kind of growth ideas. So please do drop me a line. If you've got something you
want to talk about, you want to share something, a complaint, a concern of what we're doing,
all open for that, right? That's part of what we need to do. Hopefully a lot more of this
engagement. We're bringing on lots of new developers into the ecosystem. We've got a very
exciting program. And Workhorse Ian, who I know has flu, so can't really talk today,
will be helping me develop what's known as Destiny calls, where we're going to drive
two elements of new engagements for people to build on the platform. One is really around
prototyping Bell 2. So we've got some fantastic new projects that want to build on Elastos
and build Bell 2 solutions. They range from music to the travel industry to core finance.
So we will launch the Destiny calls in February. And I'm really excited to kind of see the energy
that these new projects bring to the platform. And again, I want the community to hopefully be
feel kind of they can contribute and help us build these success stories. Because as I said,
it's all about seeing the success of other people and joining that success and joining it all
together. So yeah, that's really my introduction to how I would love us to engage on a more
communal basis and the principle really of the idea of inclusivity. So I've talked about
decentralization. But really, the heart of decentralization is inclusivity. And you know,
when you get different points of view, and diversity, you just come up with better solutions,
better ideas. And that's what to me, I see at the heart of Elastos. So yeah,
any questions from the community, I would I would I would obviously any concerns as well. I know,
I know these people regularly share their thoughts and concerns in the intelligram.
But happy to verbally answer any questions.
Doesn't look like there are any questions. So I'm gonna throw some questions quickly out there.
Yeah, because because it's interesting, I think, first of all, just because we've got
Paxson and everlasting on. Paxson Paxson's fairly new to the community. And actually,
to some degree, it's quite a quite a bold move and brave to come in and, you know, to kind of
create this channel for gold and to really get stuck in. And I think initially, there was
slight resistance or uncertainty. I know there's been a conversation around the changing of the
gold logo. But what I would say is, you know, real kudos to you Paxson for what you're doing,
because the the goal of gold was always as a community token. And, you know, it can go in
any direction. And it's apparent that you're actually really listening to the community's
feedback. And, you know, seeing some of the recent edits and what you have in mind, and the kind
of energy you're putting in there, it looks brilliant. It's really exciting. So yeah,
thank you for coming into the community and showing some leadership in this regard,
but also for also working with the community and listening to them, because I think
everyone will increasingly embrace that that side. So you talked about a tip box, Paxson,
but have you got any other plans that you have in mind for where you'd like to take gold
as a kind of community project? Sure, first of all, thank you so much. And yeah,
there are different plans. Like, for example, gold is a coin which does or a token better,
which does not have any inflation. So there are only 1000 gold, and there will never be more.
So people love staking, but staking on gold is a bit hard. But I've tried to find a solution
for this. So this is what my next plan is. I want to bring staking to gold.
And my idea for this is to create a platform, like a staking platform in which people can put their
gold. And then there is a distribution address. And if any rewards, if any gold gets sent in there,
it will be automatically redistributed to the stakers. And the question now is how can
rewards be generated so that staking even works? And some cool ideas here are that, for example,
gold NFT could be created where any sale generates a royalty for the stakers. So any time one of
these NFTs gets bought or sold, people who are staking gold can actively earn actually more gold.
And I'm thinking about many of these kinds of products. And I'm listening very carefully
if there are any other ideas as well to enhance gold or to create some sort of reward system,
because people really like the idea of staking. I still need to talk with Spark about something.
He had an idea about using LP tokens, which I still need to get a better idea about. But yeah,
that's some future plans, getting staking for gold. And also, I like to work on a website,
on the website for gold. And regarding the logo, there was some attempt to make the better logo
at first. And I found out that many people didn't saw the vote at that time. So after
listening carefully, it seems very clear to me that the people love the old logo.
So I see why. And now I try to make it better, or let's say a little bit more enhanced version
in my eyes. And then I let the community vote against, you know, again, for the logo. Maybe
they take the old one. Maybe they take the new one. I hired multiple designers, professional
designers. And let's see what the community wants. But my goal for gold in total is just to bring
lots of use cases for gold. I want to see gold prosper. I like the community in gold to prosper.
And yeah, I will stay as well. I'm here to support gold for the coming years. Let's see where it goes.
Oh yeah, Paxton, that's awesome. And yeah, when we think about, you know, if there's an NFT side
that can generate income that could pay out goldstakers, you know, then you think about NFTs and
how you can create utility. And when I think about us being able to create utility and elasticity,
you know, there's all these different things and actually emerging more and more utility
mechanisms. So, you know, you can drive demand through the NFT side, which drives sales,
which can then reward gold owners. And that in itself is really, you know, interesting to
think about. So yeah, thank you for all your energy and efforts here. And it's exciting
to think about, you know, where this will go in the future because gold has done extremely well,
you know, finding consensus in the Elastos ecosystem. And, you know, from my perspective,
I've always believed it must be a community token. And from an elasticity perspective,
we add utility. So you can buy and trade with gold, digital capsules and NFTs. But yeah,
to think about other community teams coming in and coming up with other ways to utilize gold. And
there can be synergies and how teams then work together. It's really awesome. So yeah,
looking forward to it. And for those that aren't yet, there is a gold telegram. So I'm not sure
what the best way is to do, but maybe in the comments, if someone doesn't mind just sharing that
link, jump on in and join in on the conversations. So we're nearing time. I have one last question,
which is for Everlasting. I think Everlasting's not with us now. Okay. It looks like Everlasting's
dropped. So as far as from our side, if anyone has any questions before we go, that's fine.
But we will aim to give you an update in two weeks time again. So we're back on on these
biweekly calls. And if you have any questions in the meantime, you know, tag elastos, A-M-A,
on either Twitter or come into the telegram, and we'll do our best to kind of answer that.
Okay, brilliant. Is there anything last before we go? Mark, John, Paxton, anything you'd like to add?
No, I just want to thank the guys for sharing and their energy and just say, please do let me know
if you want to contribute in these A-M-A sessions or just on telegram and get involved in any kinds
of projects. Again, I don't just want to hear nice things, you know, said about us. What I love
about the community is it's a lot of constructive feedback too, because we need that to pull off
what we're trying to do. So please do, you know, join in. As I said, we are looking to expand the
community and I know airdrops create mixed emotions. In some parts of the world, they're
still de rigueur and other parts are seen as a little bit less sexy. But we will be looking for,
as you've probably seen from the CRC vote, looking at you to run an airdrop because we've got
what is an absolutely awesome innovation that's coming out of the Bell 2 work that we hope to
launch as early as next week. And basically, we just need to get this in front of people
because they're awesome, to be honest. I've just been amazed about what the guys have done.
So that's just a flag that hopefully that will help us drive, you know, an expansion of our
community and bring more ideas into it. So as I say, let me know if you've got any thoughts.
But thanks again to the guys for today. Yeah, I'd also like to concur with John. Just thank you
so much to everybody who's really stepping up in the community. You know, Paxon Everlasting,
Spark, there's the Doshi. I mean, there's so many people who are really contributing,
too many to really name, but I really appreciate all of that. And I will just continue to
encourage the community. I know sometimes it can be discouraging when you're not only
a community member, but also an investor with any type of blockchain project.
But I would encourage you that there's a lot of wonderful things in the pipeline that
we don't have the capacity to share at this point. But I think everybody's going to be really
excited in the very near future with some of the stuff that's going to be rolled out. So
just continue to encourage you. I think that a lot of great things are happening. And I think
it's a good sign that we do have community members like Paxon and others stepping up and really
contributing. So appreciate all your efforts. And I'll hand it off to you, Sash.
Amazing. Yeah, thank you, everyone. Yeah, same time, two weeks' time doing the same. Any
questions, fire them away. Otherwise, wishing everyone a great weekend. And yeah, super
exciting. Lots going on. Everyone's got their heads down. And yeah, we keep building. So
thank you, everyone, and have a great rest of the evening.