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Xploring Space Economy and Entrepreneurship w Observer Family
Recorded: Nov. 5, 2023 Duration: 2:51:46Space Recording
Full Transcription
Yeah, and welcoming everyone to the Observer Family Space.
Today, we are having a broader discussion about the space economy, entrepreneurship, and we have the space quadratic funding with Rod behind.
So, yeah, we will be getting into the conversation soon.
So, feel free to kind of repost the space, get more people in, and share your questions on the space economy in the comments below.
But, yeah, feel free to just join the conversation.
We will be starting shortly.
So, yeah, Rod.
So, yeah, Rod, let's kind of get the conversation going.
I think people will be joining in in next, you know, five to 10 minutes.
So, you know, just give us a brief introduction to yourself, to the space quadratic funding.
And let's just start discussing a little bit about the space economy while the people are coming in.
Yeah, sure.
Sure.
So, first of all, thank you so much for the invitation and for the opportunity to spread the word about DSpaceQF.
That's Rod Mammin behind DSpaceQF PFP.
I'm a systems engineer and one of the payloads that I was in charge of is installed on Peregrine Lander that hopefully would be launched to the moon on 24th of December this year.
So, five or already almost six years ago, I had an opportunity to join the UK company SpaceBeat, where I was responsible for the development of the first walking rover Asaguma.
So, however, with that experience, with the experience that I received, that I get working with companies like Astrobotic, Intuitive Machines, iSpace, and Masten, I believe I had experiences only those for companies.
It turned out that the processes actually are quite, let's say, outdated in a sense that as almost everywhere when you're, maybe except huge companies.
But I'm talking about smaller companies, the size of Astrobotic, which is actually quite huge compared to lunar companies.
So, the processes in these companies are quite obsolete.
And I started LUNCA as a tool that would allow to easily exchange engineering information directly, having all the meta without the need of relying on emails and having tons of versions of different models.
However, one of the main ideas is to make it open source and available to everyone.
But someone has to develop it, and the one who develops it needs to have at least some money to pay for food and for bills.
And I was lucky starting LUNCA because, well, I started it last May, and last September there was a round of, a round on the Gitcoin, I'll explain later in details what it means.
For projects that could be considered as decentralized science.
And LUNCA could be considered as decentralized science and is focused on knowledge sharing.
On that round, I was able to raise around 12k, I'm talking about dollars, and it really helped to kickstart the activity.
And I released LUNCA not so long time ago, the first decent version.
However, my main focus today would be on the Space QF and my main idea that actually today there is an alternative way to kickstart your projects related to space exploration.
It's just emerging, and we will have the first round starting in November 15.
It's kind of a test round with a matching fund of 2500 that maybe it will be increased.
However, the goal is to run the first round to get in touch with active projects who build space projects on the intersection with the Web3 and to get some traction.
But I'm talking about Bitcoin, funds, surrounds, and other things.
Maybe it's...
Yeah, yeah.
So I think we're kind of getting quite deep into the Web3 already.
Sure.
Yeah, I really appreciate that, you know, you're bringing a lot of that expertise in.
But I think we just have a few new listeners.
I see Liz, I see Aziz, I see Chandra.
So, yeah, welcome to the space.
And I just wanted to say that we are kind of having this conversation today about the space economy, how entrepreneurship is evolving on the Web.
And, you know, how space as a common good is kind of quite the opportunity at this moment to kind of contribute because we have a lot of information, a lot of processing, a lot of analytics.
And, yeah, I think you are right that we need to find a lot of different ways to kind of sustain ourselves, I guess.
And so I just wanted to kind of take a step back.
I wanted to probably explore the space economy a little bit, talk about some of the key stakeholders and their roles.
And then we can kind of have a larger conversation about where probably our projects can fit within this ecosystem.
Right. So I think that's kind of the conversation for today.
But feel free to repost this room and share any of your thoughts in the comments.
I will be checking them once every half an hour just so that I can take in your conversation, have some live feedback.
Please do share your observations.
And I would love it if you could also share this room.
So with that, I just want to get into the space economy and talk more about, you know, what is this space economy?
So space economy is kind of a lot of different activities that are oriented towards space.
So part of it is services, applications and technologies, facilities that are all dealing with this global connectivity and are part of this larger network of information that even is the Internet.
So the space economy has largely been, you know, under the government agencies and has been developed by NASA, ESA, Roscosmos, ISRO, JAXA and much more.
So the government agencies have largely been curated along with governmental policy towards space research and technology.
And we have definitely had quite a bit of space missions and scientific research under them.
And the latest kind of change in the 21st century happened with kind of companies like SpaceX and Elon and Blue Origin, where commercial space has always tried to kind of compete,
but they just didn't have the infrastructure nor the organizational efforts to kind of create these long term sustaining investments of space research and technology.
So only now that the industry has sufficiently evolved, Elon, you know, kind of is reaping the rewards.
He is kind of bringing together the economy in a way that not many other companies aim to and has achieved, you know, reusable flight.
And I think with that, we had like some operational costs, you know, definitely changed.
And that has what spurred the new space economy.
So we have investors, we have private companies now.
And of course, now with that, we have a lot of launches coming in.
So research institutions, international organizations and different kind of groups can kind of have access to this data and be part of an economy where they understand that a lot of this data is representative of them.
It is impacting their everyday lives in various types of forecasts.
So, yeah, I think we have a lot more to figure out in terms of advocacy groups, in terms of regulations, in terms of the end users of these space based products and services.
So these are some of the key stakeholders in this space based economy.
And now we can kind of ask where the D space quadratic funding kind of seeks to address, you know, within this economy.
Well, that's quite multi-level and long question to respond on.
I mean, there is a short version of web, I mean, internet.
I hope everyone heard of web one, web two and web three.
So kind of the same similarity happens in space exploration.
We had the old space mostly driven by giants and the government.
Then new space came when a lot of advancements allowed to make some tangible products for much less money, like CubeSat that could be launched, created in a matter of tens of thousands of dollars.
And this space is kind of an evolution.
This space stands for decentralized space exploration.
And it's highly tied to blockchain.
The first companies who were working on the intersection of space exploration and applications of blockchain appeared not so long time ago, actually, along 2016.
When the first companies start to appear, for example, actually, I see Mary's and our friend who actually already have applied to the round.
They appeared around the time.
So, overall, the idea of decentralized space exploration is that actually nowadays a lot of activities, thanks to existing technologies,
like not only software technologies, but also manufacturing technologies and capabilities like 3D printers, affordable CNC.
You can even buy kids.
So, the overall idea is that a lot of tasks could be achieved by a global decentralized team.
And we're moving towards that, hopefully.
Hopefully.
However, it's all just beginning and it all ties actually to open source software.
That's a huge driver of innovations nowadays.
I mean, not any specific software, but the way that we actually have it.
Because to create software, it takes a lot of efforts.
And we have tools like, for example, Linux, that are actually free for everyone to use, but that were built by great professionals.
And one of the biggest questions, how to fund such activities, because as the software is free and open source, there is no incentive for each single user to pay for the software.
However, if no one would pay for it, then the software won't exist.
And to address the issue, in 2018, Vitalik Buterin and a group of other guys, I'm really sorry, I forgot their name, they created an interesting mechanism that is optimal from a certain perspective.
I frankly, I tried to understand the mess.
It's not so complicated, but like, it takes a lot of time to understand a way to fund such activities.
And one important idea is the idea of the public good.
Public good is something that everyone uses, that is available to everyone, like clean air.
That's public good.
Everyone uses it.
The roads, actually, medicine, education, all of that could be considered as a public good.
And as we know, traditionally, like not traditionally, all space was led by governments, was sponsored and affordable only to governments.
And during the most history of humanity, huge projects like actually building roads, healthcare, education, all of that was led and governed by governments and states.
However, states, they collect taxes, and with that taxes, they create kind of a fund.
And then government decides how the funds would be used.
Which has its own advantages and disadvantages, which has its own advantages and disadvantages.
But in 2018, Vitalik proposed a new mechanism that allows to democratically, and it's mathematically proven that it's optimal democratic way to actually decide how the funds would be used for common goods.
It works quite interesting and simple.
So, first of all, you need to have a matching fund.
A matching fund.
Often, it comes from sponsors or other who involved.
The matching fund would be distributed across participants, across the grantees.
The most interesting way is how the distribution is made.
To get a portion of the fund.
To get a portion of the fund, you have to raise donations.
And the more donations you raise, the bigger portion of the fund you will get.
However, the dependency is a quadratic meaning, if you want to go into details, just Google for the formula.
For the formula, but at its core, one person, if one person donate $100, it's the same as 10.
Okay, a slightly easy example.
So, if one person donates you $1, that could be counted as one vote.
However, if a person donates, to get two votes, a person has to donate $4, to get three votes, a person has to donate $9, and so on.
And the idea is that a mechanism allows us to find the balance between Wales, who has a lot of money, and a bigger community, a wider community, who has not so much money, but on average, much more representatives.
So, to get a question.
So, just one minute there, you know, you're kind of going on.
So, I just wanted to kind of reset the room a little bit, and we will get back to the conversation.
I wanted to welcome all the listeners once again.
Today, we are exploring the space economy and entrepreneurship.
We are kind of discussing a bit about how the economy has changed, and decentralized web is trying to capitalize on some of this economic moves.
And what you kind of brought in was this idea of quadratic funding and Gitcoin, I guess.
And what you mentioned was probably the idea that for each increased vote, the amount of money is quite a lot, so that one person does not end up with too many votes, probably, if I understood that right.
And other than that, I think you do speak about, you know, having it much more about being a grassroots movement, having a lot of small donations that kind of symbolize that vote.
Right. So, that's kind of a very interesting concept that you bring in with the idea of a digital collective, you know, voting in and kind of sharing their interests, sharing their ideas.
So, this is kind of a very live validation of even market demand. Would you agree?
Yes, exactly. I know that I went into many details, but there are so many things that have to be addressed.
But yes, at its core, at its core, we say donation because it acts like donation. However, it's not correct because it's more of a people voting with their real money for things that actually matters for them.
Yes, for public goods, right?
Not only public goods, but for things that matter for them. Often, Gitcoin is about public goods and it's most applicable to public goods.
However, the core is to give value. So, people have to support what matters for them.
And to make it simpler, I believe everyone in this room are passionate or at least interested in space exploration.
And I hope that for most people here, one dollar is not a big deal.
And the whole idea of this space is that anyone in the world who cares, in our case, we are talking about space exploration, can actually vote and support the projects without any borders.
And I think that's cool, that's innovative. So, it could be perceived even as a voluntary taxation, when instead of, you know, governments who force you to pay, you make an obligation to support things that matters for you.
And, as I've said, all of the people here most probably are space enthusiasts and it's matter for you.
So, now there is a tool that allows you, no matter where you are, to actively participate in that economy and to just become a part of the space economy in a sense that you can give some money to the economy.
And the economy actually can give you money back. Because if you have projects, you can apply. I mean, it's super easy. It takes just five minutes.
And you just have to explain why, how your project is related to space, why it helps to decentralize space exploration, and how overall your project would help to grow the ecosystem, would benefit everyone.
And that's all. Or you can actually join one of the projects that are there if you are lucky, if you do not know how to start your career in space. That's another way.
Or you can just, you know, talk to people because we already have around like 10 projects on the round.
And those projects are led by professionals who have been in the industry for years. I'm talking about space exploration.
And, yeah, you can learn. So, that's a great activity to bring community for whom things matters. In our case, it's space exploration.
And to create a working economy in a sense that people start making transactions. But it's both ways. I mean, if you support projects that actually would benefit you, then on average it's not a zero-sum game.
And you will gain more than, you know, just, it will be a huge return on investment.
So, again, I think you're bringing this back into the idea of investments, right? So, the real question then becomes, what do these projects represent, I guess?
And what kind of economic factors are there for different parts of the world to be part of this initiative, right?
So, I think that setting the $1 donation matching, it's a very interesting kind of way to get people interested and maybe even talk about accessibility.
But I would like to ask the room, you know, so, how does this work for you guys?
I think there have been quite a few of you here who have been part of the Web3 ecosystem and probably are interested in space.
And, you know, we do have to kind of support a lot of these initiatives that kind of can create and help you with open source software, analytics, knowledge, education.
So, how do you see, you know, these decentralized pools of liquidity for you to kind of capitalize on for your projects?
And what are some of the, you know, space exploration aims that you would like to see?
Would you like to see some asteroid missions?
Would you like to see space tourism come up?
Because we have, you know, different kind of programs that do need that kind of interest and support.
And you can kind of become a much more grassroots supporter in the decentralized land.
So, I think there is definitely a shift in the way organizations work.
And we definitely have a few people joining in today.
So, we have Steven and we have Yonda.
So, just want to say hi.
How is it going?
Hi, Phantom.
How are you doing?
I love the space so far.
I get the opportunity to, I was back here dreaming.
So, I do apologize for my pause, right?
And I was thinking about why do I care about space, right?
And I care about space because it's like a new frontier.
By the way, I'm a Trekkie, okay?
I just want to, I'm a Trekkie.
So, when I look at like space and I think about things such as the materials that are in space even.
What, I mean, what are some current use on the ground that we can leverage space?
I look at leverage.
Are there minerals from some stuff that's out there in this space?
I don't know.
But in addition, I think it's fascinating to be able to look at even the, we were just in the Wildcat Alliance, the blue hat dial space.
And we were just talking about even the plants and looking at our bodies.
So, really just balancing and looking at how space, time and our bodies actually interact.
I think I heard earlier people discussing, I think it was some additional things that you could do to really understand your body.
I think about my little girl who is studying.
And I'm like, okay, girl, we're going to go to space.
So, either we're going to space together or at least I want to create this laboratory where my baby is getting excited about space.
Thank you, Sansa.
Yeah, Yanda, definitely.
I think, like, part of this is kind of also getting to know people's needs and kind of helping people map out this large scale endeavor in their life.
Because I believe that, yeah, getting to space is definitely quite a bit of work.
And the space economy is vast.
So, figuring out our place and our expertise definitely is there.
And I'm happy that, you know, this intersectionality is possible between us.
And I'm just happy that, you know, you're thinking such long-term things with your daughter and, you know, things like actually going into space and creating a space lab and things like that.
So, it's really wonderful.
I think we did lose Steven in the meantime.
But before I go to the hands, I wanted to kind of request everyone to kind of say that if you do enjoy the space, do like, share and repost the space and invite more people into the conversation.
Because today we are going to be discussing about the space economy and these evolving opportunities that come from the open data and open software, the access that the internet has enabled today.
So, we will go to our new speaker, Santosh, and then we will get back to Rod.
Hello, Phantom.
Hello, everybody.
My first question is, like, everybody is talking about space economy.
But space is so vast, like, there is so different way to invest or get the money back from that.
But before talking about money, there is like, as you said, like space tourism and you can say the asteroid or formula, the finest thing which happened in past few years is JWST.
So, if you take the example of JWST, it was 10 billion budget, right?
But each and every part was built in different industry or different country.
So, space is very vast.
Very vast.
So, we are talking about which part of the economy.
Like, in JWST, there is some equipment, it was made in France.
I live in France.
So, I know, like, it was made in Toulouse.
So, they operate, they have got their own startups and their company, they invest in that.
So, they are focused on that part, like scanning and taking the analyze of different materials and all.
And there is some other company like JAXA, they work with asteroid.
So, we had some, how do you call it, some material we got from some asteroid.
And there is space tourism and there is satellite.
You can send like satellite, like India, they do very good in sending satellites.
So, I just want to say it's so vast.
So, I'm not trying, I'm trying to figure out, you guys are talking about which particular, which domain you are talking about.
Yeah, yeah, definitely, Santosh.
And part of this is going to be, you know, integrating the space domain with various domains on Earth.
So, it's kind of going to be that broad scale.
But some of the projects currently include LUNCO, which is kind of an interactive engineering, systems engineering platform.
And we have Redautics doing SpaceDAO, which is kind of about space operations and traffic management.
So, some of them are kind of about these broader, you know, data sets and observations that observatories, you know, sometimes also require volunteers to kind of help process data and things like that.
So, how can we educate people more on these and how can we get people to kind of engage and participate in the broad, as you say, you know, the vast space economy?
Because I think there needs to be some level of competency, definitely, in understanding astrophysics and things like that.
But yeah, like subsystems and certain things definitely help you become a part of the economy somewhere.
So, this is still a discovery process.
And DSpace just stands for like a much more open way for people to participate in these space explorations.
So, there is even a company known as Axiom 3, which is trying to build a commercial space station.
So, this kind of movement is broad and we are just trying to kind of get the word out, get people's interest, get more of their needs mapped out so that, you know, we can understand their reasons for participation and kind of support them there.
So, that's kind of the goal for today's space.
But I will also allow Rod to kind of broadly answer that question as well.
Yeah, thank you so much.
So, I'll try to answer on several questions.
First of all, we have to keep in mind the scale of the project.
So, JWST, that's a really huge project.
Also, I'm not sure if it's applicable or if it's correct to say investments in, if we talk about JWST.
It's a scientific tool that would provide humanity with tons of great and interesting data.
However, I'm not sure if that data could be utilized directly to, could be monetized directly.
And that's just the issue of how our economy works.
It prioritizes short-term projects over, you know, long-term projects.
Regarding the space economy, that's definitely vast and huge and it has tons of players of different scale.
But we have to keep in mind that it all starts from projects.
We have Iwaka, Uganda.
That's one of the projects from Gitcoin.
And there are, for example, there are farmers all over the world, even in the deep rural areas where there are no internet.
And they still could benefit from space economy in tons of different ways.
Often it ties to Earth observation data processing in a sense that it helps to deal, it improves agriculture.
It could be used as measuring, measuring, reporting, verification solutions, meaning that people can use that to get carbon credits and monetize that.
So there are tons of different ways how people could participate in the economy.
The overall idea of this space is to urge the appearance of a project that actually can do that.
No matter what project, if it's directly related to space, then let's try to help that.
In a sense of scale, at this point in time, I believe the biggest decentralized space exploration project is Mundao.
And it was able to send the person to space on the Blue Origin rocket.
And actually soon, Mundao will send the second astronaut to space.
And everyone here actually can participate in that.
I do not know the details of sweepstakes.
But if you can get a video to the US, you can win a ticket to space thanks to Mundao.
That's one way to participate.
There is my project called Lumka.
That's a tool, that's a software meaning that capital investments are not so big.
And it's a tool that is sponsored thanks to the space activities.
However, often space exploration is perceptive as a place for huge players.
But even before new space appeared, relatively small companies of 10 people.
I know at least one company, it could be perceptive as old space.
It has around from 10 to 20 people.
It's called SEE.
I forgot what abbreviation stands for, but founder of the company, Astrogator John.
He is the guy who created an important Astrogator module of STK.
So it's just 10, 20 people.
But those guys, they participated in a lot of orbital trajectories planning.
So that's kind of a small company that makes huge impact, including like Capstone mission and tons of other missions.
But, you know, to be the...
So relatively small company can make huge impact, like trajectory planning, like different designs and so on.
There are tons of opportunities.
And with this space, you know, we live in the era of internet.
So a lot of things could be done through computers.
And it could be, you know, like data processing, data extraction, selling data to, for example, farmers, I don't know, in Colombia, in Africa, to trajectory planning, to actually CubeSat development.
And I hope that with the growth of economy in 10, 20, I'm talking about general Web3 economy, the bigger with the time, the more bigger projects would be able.
So at this point in time, I think that the biggest advantage, sorry, achievement of DAO in the decentralized community was able to say a person to space, which I think is really cool.
But it's just the beginning. I mean, it happened two years ago.
And if you talk about space, like space projects, they are multigenerational and evolution happens really fast.
So I'm sure that in the next five, 10 years, a lot of projects, most probably that would be relatively small projects, but they will appear all over the world.
And it will be a solid basis for bigger and bigger projects included.
And such approach allows to just, you know, it's just completely different approach in a sense that I don't know even how to explain.
Yeah, go ahead, Phantom.
Yeah, no worries, Rod. I just wanted to also introduce Ephemeris here who has joined us and also kind of wanted to give a little bit of a context about what the estimates are on the space economy.
So currently, the kind of overview of the economy from 2022 by a report by something known as Euroconsult was estimating it somewhere around $464 billion.
And it talks about probably just under the 64 forming, you know, the government and the civil defense parts and about 360 billion forming this kind of commercial space.
And, you know, there's a lot of manufacturing, there is ground segment, there is operations, but most importantly, there is a lot of services.
So the service industry has grown largely purely because of the space sector.
You can understand how telecommunications and connectivity has kind of allowed for this global kind of flow of talent, global flow of energy.
And so there are different kind of sectors in the world that are contributing.
I think Santosh kind of rightly pointed out that, you know, big global ventures like JWST are coming out and they are kind of very scientific endeavors for sure.
But the commercial arm, right, like that is kind of very driven by commerce.
And if we have to incentivize more deep space observations, Santosh, that is how we will have to kind of create more policy and we will have to incentivize space agencies to keep these in their kind of plans.
Because otherwise, yeah, the space is always going to be driven by more of the commercial things, which brings us to asteroid mining.
And I think Yonda was kind of running out there saying, oh, what minerals, what crystals are out there.
So that's a very interesting conversation, Yonda, because right now we have a little bit of the outer space treaty that kind of governs our activities in outer space.
And the U.S. has kind of talked about a space launch competitiveness act that happened, I think, in 2015.
And I wanted to kind of discuss this commercial exploration and exploitation of space resources.
So this is something that is still being discussed in space law.
So I would say that maybe this is going to be a very, very policy driven thing in the moving future.
This year we had the G20 and the space law kind of space leaders meeting.
So there is quite a bit of movement in the economy.
And that's kind of why we have got this moment to discuss this.
But I will give it to Ephemeris before we go back to Rod.
Hi, everyone.
There is a lot of ground to cover.
But specifically from the perspective of, you know, how space and where three intersect and why decentralization is actually something that makes a lot of sense.
So I'll probably focus a little bit more on our case, but I think that the general principle behind it is pretty valid for a lot of other segments in general in the space industry, which is if you look at the origin of the industry, it's this kind of very closed encapsulated industry as it has developed throughout the decades.
Of course, it's it's liberalized a lot and in the last especially in the last decade or two.
But in general, it's still a very heavily regulated industry.
At the same time, it brings a lot of benefits to pretty much every every economic sector down here on Earth that you can imagine.
Take, for example, Earth observation data.
So Earth observation data is used in if you think of an economic sector, there is probably some use case in there for it.
So from agriculture, which relies on, you know, weather data on soil observation, on crop observation, you go through forestry, which relies on satellites for stuff like tree counting.
Then you go to even nowadays insurance, which is the most rapidly growing use case for Earth observation data to assess risk for calamities or to establish damage from calamities.
Then you go to traditional sectors, which have have used it for since the dawn of the space age, which is like intelligence, defense and so on.
And you have so many benefits from from from from space assets, from space infrastructure.
And at the same time, you you have a lot of capital going behind the sector.
You have a lot of room to actually grow the sector because space is not really big.
You mentioned that, you know, the whole industry is something like four hundred and fifty four hundred and sixty billion.
If you compare this to even a large oil company, it's you know, it's very small.
Saudi Aramco has a market cap of about, I believe, eight trillion dollars.
So, you know, and that's a single that's a single company.
So you have a lot of space to grow and then you have all these three factors, wide benefits, widely available, wide potential to disseminate these benefits.
And then at the same time, you have strong regulation and centralization and you kind of have this paradox.
How do you bring these benefits to a lot of people, to a lot of communities and businesses while retaining this sort of need to to keep this technology regulated and to keep it somehow, you know, secure?
And this is precisely where decentralization and Web3 can actually make sense for for for space, because it allows people, communities, businesses to to form new types of interactions with the space industry, with space technology.
And at the same time, you go through these unfortunately and still inevitable regulatory issues that surround the industry.
And it makes it possible to, let's say, provide better verification for who uses their observation data, because that's a that's a significant concern in the industry by means of the technology itself.
By means of blockchain, you can actually have a better grip of who's using the data, who's benefiting from whatever is being generated from from satellites in terms of data.
You can sort of establish better trust systems of, let's say, who's using ground stations or who's using launch services.
So there is a lot of a lot of potential, untapped potential in actually fusing the two spaces.
And ultimately, decentralization is, in my opinion, the path to bringing all these benefits to the greatest amount of of potential users.
And there is a lot of a lot of stuff going on in many of the many of the segments we mentioned, not just the commercial side.
We also mentioned, you know, the scientific side, because that's that's really dependent on government budgets.
But just imagine if there is new opportunities to fund science, not just, you know, like large, large infrastructure like telescopes.
But, you know, even smaller projects within universities or research institutes via decentralized governance or funding.
This could really provide a lot of boost to the scientific to the scientific side of space exploration as well.
So I think there is tremendous potential that remains untapped.
There is a lot of there's a lot of room to actually grow and to make things developed in a completely new paradigm.
So I think it's a pretty, pretty exciting time to to be starting in either space or in Web3, because once you fuse the two, you can actually create a lot of a lot of new opportunities and gain a lot of multipliers that previously weren't available.
Yeah, yeah, definitely.
So I just want to welcome back everyone.
I see a lot of listeners.
So I really wanted to thank you all for tuning in to the Observer Space Station.
Today, we are exploring the space economy and entrepreneurship.
So we are discussing with DSpace and Ephemeris, who are kind of decentralized space projects that talk about, you know, bringing space assets.
And we also want to discuss the broader, you know, growth of the space economy itself, because, you know, we have a lot of satellites that monitor the Earth today.
We have a lot of connectivity that's coming to us because we have a Starlink user amongst us.
You know, Yonda here is a Starlink user.
So we even have an end user of the space technology joining us.
And we will have this discussion of how, you know, this kind of decentralized network combined with the space Internet is going to allow for inclusion and accessibility at a level where we have not previously achieved.
And the telecommunications web one was actually a product of the telecom boom of the 90s.
So space technology was, you know, a decade behind what the Internet boom really was.
And that is because precisely we need a constellation of satellites in operation reliably and all these networks to be secure before we allow for these, you know, large scale operations to kind of happen.
So we are in the kind of early stages of this decentralized access, if I may say.
So these spaces about decentralized access and having it much more democratized and globalized, but with the people involved, with the people's votes and kind of people's interest.
So the idea is, you know, I see a lot of EO, Earth observation capabilities to kind of impact agriculture, insurance, supply chain, energy.
And there is a lot of real on ground impact that space can create.
And there is a great explainer about how the missing element of your strategy is space by McKinsey.
So I would definitely recommend you guys to probably have a look at that article because it has done an excellent job of how it talks about prioritizing space on your agenda.
And it talks about how we have to understand that these sectors are just evolutions of the current industry.
And the Internet also means that you have access to information across the globe.
So it is high time that we coordinate, cooperate, and we kind of bring this together.
So we will be kind of, you know, at the turn of the hour, bringing in more details.
We will talk about the specifics of LUNCO and Ephemeris as the projects themselves and see how these examples have kind of started.
But also, I would love to have all of your questions down there in the comments below.
Please do let me know, you know, even if you did not understand a lot of what was said today, do share your questions because I will try to address them after the space with as much knowledge about the space economy as possible.
But I would like to know your knowledge base.
How much do you know?
What more would you like to know?
And so please do share your observations and share this space.
You know, please do repost the space if you have found this, you know, information valuable.
And we have been having a very great discussion on the space economy.
So, Rod, yeah, go ahead.
I think I once, I just realized a different perception of the idea of this space.
Today you are discussing like, what is a decentralized space?
What is this space?
What is this space?
What is this space?
But if you open any dictionary, you will find no definition for the term because simply it's just a period.
So, frankly, it's up to us to fill the term with the ceiling.
And for me, decentralized space, I think it's not, and it's mostly not about technology.
It's about global collaboration and active participation in space project for everyone who has passion and who contribute in any form.
So, for me, it's just permissionless and low barrier.
Possibility to just, you know, do for people who love space, just do space.
Because definitely today, space is hard.
Space is dangerous.
I mean, that's definitely like, it's regulated, not because someone wants to regulate, because it's needed.
However, often those regulations are driven by the fact that states and governments, they want to prohibit others from getting access to those resources.
So, that's kind of, you know, that's a competition.
So, a lot of limitations that we have, a lot of lack of access that we have comes not from the fact that it has to be regulated, but from the fact that it's a competition between governments.
And one way to win the competition is to make it as hard as possible for others to join the competition.
And for me, decentralized space is the focus on, you know, just building space, just building stuff for space and passionate.
Just do what you're passionate about, no matter where you are, no matter what's your background.
But, of course, you have to be a skilled professional.
But, you know, if you're passionate about space, you just have to do that.
And, yeah.
So, for me, it's about collaboration and exploration without stupid and unnecessary limitations.
Okay.
Okay.
Great.
Interesting.
Yeah.
Yeah.
Let's have an ephemerist probably give his idea of what he brings of the space, the spirit.
Well, honestly, I think the biggest benefit is what already is being said.
You can establish new forms of collaboration, but ultimately it's because you can set up, you know, forms of collaboration in many ways.
Essentially, if you want to collaborate with someone, if you want to form communities, you don't necessarily need the Web3 approach.
But the Web3 does offer the technological stack and it does offer the frameworks which are going to allow these communities, these organizations, these businesses that ultimately set up shop and start doing activities to actually do it in a way that's meaningful.
And in a way that actually produces some kind of value, because ultimately it's the technology here that allows a lot of new ways to do what's being done so far in a very constricted way to do it for a much broader user base, to do it for a much broader audience.
It doesn't matter if it doesn't matter if it's commercial users or if it's scientific users or if it's something else.
So I think even though the technology is something that we don't really think about that much yet, it's going to be the key, the critical thing that actually enables these communities to flourish, not just for the sake of forming a community, but actually for the sake of either building space science,
space science or either working on new commercial projects, developing new products, new services.
And in simple terms, I do believe that it's almost a natural overlap between the two spaces because it doesn't matter how we see it in the short term.
In the midterm, but in the long term, pretty much every economic sector is going to rely more and more on space technology, whether it's Earth observation satellites, whether it's SATCOM, whether it's something else.
But the current paradigm that we have, even in the new space is still very, very constricted.
And we need a somewhat new paradigm to actually unlock all these benefits for everyone.
And the technology that we have here, allowing us to form new types of communities, allowing us to form, let's say, DAOs to govern some kind of project.
That's something that really opens a lot of opportunity, which is why as a space company, we didn't initially start with the idea of implementing blockchain and what we do.
We actually sort of thought about it early on in the beginning, we understood that there is a need to decentralize a little bit more, but we didn't really emphasize it.
But the more we actually researched and the more we actually tried to understand that the problem our team is tackling, we figured out, hey, you know, like there's a lot of room here to implement this technology to solve problems.
And when you have this organic sort of necessity for the technology, then you're also going to have inevitably the benefits that technology generates in addition to that, which is, you know, like people forming new communities, new governance mechanisms, new funding mechanisms.
It's going to help the space industry and space in general, yeah, just find new, completely new avenues to, to grow and to have people organizing themselves into.
So I do believe that's the, that's one of the biggest, the biggest benefits to it.
Yeah, definitely.
So I want to welcome our new speaker, Feral, and also just wanted to thank all the listeners for staying tuned in.
I hope you've been enjoying the conversation.
Feel free to kind of let me know what you think, you know, what benefit you'd like from the space economy, which is the benefit that is most aligned with your industry and what industry you're currently working in.
And probably, you know, you can connect to the space economy because D-Space is about finding your path into the space economy.
So I will go to Yonda and then Feral.
Yeah, Phantom, this is fascinating.
And thank you so much to the speakers here on the panel today.
So when you were speaking, I was saying to myself in my head, right, because I'm a space explorer.
So I take Google Maps, for instance.
So I was all in my Google Maps and I was saying to myself, one of the behaviors that I do is I take pictures and I take pictures of businesses.
I take videos of businesses and I just do that at random.
But then later on, I'll go ahead and I'll post those videos and those pictures.
And in my head, I'm saying, oh, man, that's for accuracy in the locations.
So I post those pictures, those videos and also ratings.
So I keep businesses accurately being able to be located.
And so what that will do is to help people find those places or those businesses that can help them in their area.
So that's how I've chosen to kind of time and space with my Google Maps.
Does that make sense to y'all?
Yeah, so you're talking about like ground validation for the Google Maps and kind of providing some of the observational data on ground, right?
So you're kind of giving the review that this business exists.
This business is doing X, Y, Z.
It is located at the like the online verification, Yonda, is very important.
And sometimes right now, it's kind of, you know, left to self report and, you know, things like that.
But you are doing kind of this, you know, due diligence and verification and validation.
So, yes, it totally makes sense.
It is something that we definitely need a little bit as these kind of online information hub spots become, you know, more important to our reality.
So, yeah, go ahead, Rod.
A few things to mention is that such an approach is called DMRV, Decentralized Measurement, Reporting, Verification.
MRV is the buzzword in the climate area.
I mean, the idea is that with the climate solutions, there is the idea is that, for example, if you planted a lot of trees, you receive so-called carbon credits that later could be somehow monetized.
So, like, you know, that's kind of more general idea is that you can combine different types of observations for different things, including this application, like you mentioned, or with the, for example, with the climate solutions and many more.
So, that's the first thing, and the second thing is that actually huge companies like Google, they have a huge team of people.
So, often it's actually kind of decentralized, those people, I don't know how they're called in Russian, sorry, in English.
But, yeah, that's already happening and I'm sure that, but, you know, it's led and governed by huge companies and with the decentralized tools, it could be turned differently.
When, you know, when, you know, the whole community could actually create kind of a map.
We already have open street maps and what you are saying is the way actually to sustain things like open street maps in the actual state.
But with the Web3 mechanics, it's possible to incentivize people to do that, which is kind of fun and open tons of new opportunities.
Just, you know, a simple reward in a sense, like, in a sense of achievement that could make a lot.
And, for example, there are projects who reward people for collecting trash and other things.
And why it's still not, why space guys didn't utilize those mechanics.
Well, I know why, because it's just not enough time has passed, but I'm sure there are tons of opportunities.
On open street map, it's called Geotagging.
Hi, yeah, so Geotagging and Geolocation, right?
So, and I'm a non-techie, understand, I'm really a non-techie tech.
I just go out there.
So, right now, I almost have about 350,000 views, right, from my maps.
And so, I do have, I haven't started my community yet, but I can instantaneously start my community.
And literally, from that, right now, I'm just working on my ranking right now.
Because to your point, from a reward system standpoint, first of all, I didn't even know what any of this was.
I was like, why am I getting all these notifications?
Like, beep, beep, beep.
I'm like, oh, my goodness.
As a non-techie tech, I get excited.
Phantom, I had you on speed dial.
Trust me on that one.
So, then, all of a sudden, I was like, oh, 2004 until now?
Wait a minute.
Let me look at all this stuff here.
But anyway, I started going in, and I started to say, okay, I don't just want to be a beginner, right?
Wait a minute.
I need to be at the expert level.
So, now, I'm starting to gamify how many minutes, how many stars.
And I'm really engaging in this.
So, now, I make it a point.
Every time I go out, I want to make sure that I'm capturing something real time.
Because I see so many next steps, right?
And I'm like, ah, I'm so excited.
So, I just wanted to bring this and water it down just a tad bit, right?
To kind of give people real-life examples of how just a regular person is using this technology.
Definitely, Yanda.
And so, I think with that and the turn of the hour, I want to, again, thank all my listeners for joining in.
And if you are enjoying this, feel free to invite more of the people on X to come listen in to our conversation.
Because this is a very broad conversation.
We are all impacted by the space economy.
This very feature on X is known as spaces.
So, we are indeed exploring spaces together.
And I will kind of bring together the initiatives themselves.
So, we will be talking more with Ferrell about Copernic space.
And we have Rod from Parametri.
We have Zulu from Ephemeris.
And Rod, who is also behind DSpace.
But I think the project is Lungco.
So, we will be kind of exploring these in the next half an hour.
And we will kind of explore them.
And then we will have another hour of an open-ended AMA so that all of you can come up and probably give your thoughts on kind of your participation and your ideas for what you would like to be explored in space, right?
So, this is going to be you looking to govern some of the activities in space.
It is vast, but then someone has to decide to do something.
And that decision needs to get validated by others.
So, that's partly how we are kind of just coming here and discussing the evolution of space and Web3.
We will go to Ferrell and then we will go to Red.
Ferrell, are you there?
I think we just might have some issues.
But in the meantime, Red.
Yeah.
I see Ferrell activating his microphone.
I'm not sure if we can hear him.
Say if you can hear me because sometimes it doesn't work.
I can hear you, but I'm unable to hear Ferrell for some reason.
Can you guys hear Ferrell?
So, anyway, I will keep it up.
So, I am Red.
Everything, I don't remember.
I'm very bad at Twitter.
You know, the geotagging part, this is fascinating.
There's so many things that have been done on validating location.
What I wanted to say is that if you think about something, people have gone a bit further in execution.
And it's always like a matter of searching and, you know, joining forces with those people.
There's so many things that have been done and lessons learned if they're not working yet.
And more to do, anyway, in joining the dance with some of the people here.
So, thanks for doing that space.
I'm super happy to be here.
So, I represent the SpaceDowel project.
And it's about verifying every information that comes from space used in big and large state decisions.
So, happy to be talking about that later on another call.
But thanks for having me here and having the opportunity to say hi.
This is amazing.
Thanks.
Yeah, most definitely, Ed.
And Farrell, do we have you?
Mic check?
Yeah, I'm back.
I'm not sure what happened there.
Yeah, perfect.
So, yeah, do give us your overview on the space economy and what probably, you know, you have achieved with Copernic.
Well, I mean, that's a broad, broad, broad conversation.
I've actually got a podcast I'm walking into tomorrow where it's really going to be more about education than the details.
But some details will come up.
So, all right, I'll just give you my viewpoint on the space economy because I've come into the conversation late.
I see the space economy as extremely young, and I think some people have definitely touched this.
I've heard the word expert, and in my humble opinion, none of us are experts because none of this has been around long enough in the capacity that we're stepping into it.
The space sector has been around for some time.
But the space economy, as we're walking into it, as we're all putting our thoughts and our processes and our businesses, our ideas, et cetera, into this, we're all collaborating, competing against each other, and competition is healthy.
We're trying to figure this out.
So, definitely no experts, just steps ahead and beside and so forth.
What the space economy means for our planet, it means everything.
You know, it's amazing how people on this world have no idea how important the space sector and the space economy as it currently is, is for just about every single economy on Earth, either directly or indirectly.
Just the simple aspect of GPS technology, without that, our world would not function the way it is.
Without a lot of the advancements that have come from the space sector and its spin-off from the military research and so forth, a lot of the technology wouldn't exist.
A lot of our advances in computer science wouldn't exist.
Or it wouldn't exist at the pace it has evolved for.
So, it wouldn't have the funding or it wouldn't have the resources.
And speaking of resources, that is probably, at least to mid-century, if not this entire century, one of the most important factors of the space economy.
To set an example of technology, one of the most important elements or minerals is cobalt.
And we don't have enough readily accessible on this planet without destroying the planet in the process, looking for it.
So, Ghana is one of the most important places in the world for that.
And unfortunately, it could also be a powder keg for a major conflict.
But we don't have enough of it.
And we don't have enough of the rare earth minerals.
We don't have enough readily accessed silver, etc., etc.
Without ripping the planet apart or scraping the ocean floor in the Pacific, picking up nodules.
And the claim that it won't affect the environment or the sea life below, of course it will.
I mean, they're looking at vacuuming it up.
But ultimately, the most intelligent answer, but it has to be a will and a financial choice to do it, is to go to the asteroid belt, is to capture an asteroid, to pull resources.
And we have the technology to do this.
We just haven't fully, fully committed to it.
We've done where we've gotten probes.
We were able to determine from aspects of prospecting what a potential value of a given asteroid is.
I mean, I can't remember the name of the specific one, but it was a year or two ago it was put out that the one asteroid that NASA and whomever else was involved, they estimated to be worth $100 trillion in assets of minerals and so forth.
And we've had the BNU sample come back and we're seeing carbon and water and we're seeing all the building blocks of everything that we need.
So getting the resources that we need, the space economy, is a critical, critical piece to it.
And figuring out the infrastructural aspect and the marketplaces and the trading protocols, the certificates of authority, the data standards and so forth, which is what we've been working on at Copernic for four plus years.
Some of it is not publicly there yet, but we're working on some things privately.
There are some things that we've put up, there are things that we're doing, and this is the case with everybody.
Some people have got a little bit more going on in certain spaces, some don't.
Some are coming up with things that none of us even thought about.
So this is definitely going to change our world in ways that we need, in ways that we haven't fully understood yet.
So my opinion of the space economy is that we have no choice.
We need this.
We need this for the expansion of our economies, for the stability of our economies, for bringing parity and balance to a lot of the countries and cultures of the world, and for the resources that we need.
If we don't go out there to get the resources, we're going to keep depleting our own living space and making it more and more difficult for life as we know it to survive here.
So this is critical.
That's just my thoughts for the moment.
As we talk, I'll engage more.
Yeah, yeah, most definitely.
And I think that these kind of thoughts definitely need to, you know, have some of those exploratory studies, some of those feasibility studies.
And we have a lot of these thoughts that don't get enough attention just because, you know, the economy kind of drives the attention somewhere else.
And definitely, you know, these are kind of self-sustaining purposes, right?
Like we are just creating an opportunity for ourselves to kind of lift ourselves up.
And that's literally what it is to get to space.
We are lifting each other up to space and together, right?
So that's kind of how I see this.
You know, it's not just a mental thing, but even a physical thing where we are literally sending rockets to newfound land, to newfound asteroids.
I mean, there is a mission to Lucy that I think launched earlier in, you know, November.
So there is just so many of these kind of like missions and sciences that do impact our lives.
The, you know, the discovery of water on another asteroid does change our resource mapping.
So these are kind of understanding, these operational efficiencies are critical in kind of sustaining humanity.
And so today our discussion has largely been about, you know, improving access, inclusion and what decentralization means.
So I would definitely say think boldly about how you can participate and I would appreciate it if you could answer my poll above.
I have just given you guys a very simple yes, no, maybe.
And I would just like to know, you know, what are your thoughts?
Are you even interested in participating or does it feel maybe intimidating?
Maybe not interesting, but yeah, feel free to share your comments down below and let me know the reason as well.
And that would be very helpful in understanding how many of you are truly interested in knowing more.
And these kind of spaces can be helpful in some of those specifics that we can get with actual experts.
So I would definitely appreciate, you know, more of your, even if you could share that, you know, poll and have more people even answer it and help the observer family kind of get some more validations and observations of these intentions to participate.
So yeah, Feral, tell me.
I just wanted to, you talked about decentralized and I heard, I think when I popped in, I think I heard the word democratization.
And so it's important for a lot of the conversations that I've had and for myself, it's important that we focus on democratization of space.
We make it accessible for everybody as easy and as affordable as possible with whatever aspect of what we're doing, whether it be research, commerce, travel, whatever, whatever it is that are our individual and corporate and organizational passions and purposes are.
And that we take it upon ourselves, everybody that's in this room, that's in the space economy, that's in the space sector, puts their voice out there, educates, gets on podcasts, puts out articles, talks to whomever will listen.
Because that education excites everybody, but it also teaches them and it emphasizes the value of everything that we already know and what we want to accomplish with this, with the space economy and the space sector and the benefits that we'll have for humanity.
One of the biggest objections I get, and okay, so for example, I'm based between LA and Calgary.
And for those who know, Calgary is one of the energy sectors, energy sector centers of the world.
It's not the most important, but it's a critical city for it.
And when I've walked into a lot of the war rooms here, that's what they like to call them.
In some cases, they really are in the way they behave.
But they sometimes don't fully comprehend the value of space, yet their business is actually very important or very much dependent on it for the satin imagery, all sorts of things.
And teaching them these things, and for us teaching the value of space, when they start to get it, it opens up a whole bunch, a bunch of possibilities.
It also opens up opportunity for funding.
It opens all sorts of creative ideas and business use cases.
So I just wanted to say that that democratization is probably the critical piece to all of it.
Because the more people that we get on board with understanding what we're trying to do is deeply important.
Yeah, definitely, Faril.
And so my goal in the coming years is to have a visualization of the space value chain to kind of break down how the different information networks kind of facilitate.
Even if we talk about a service that uses other services for data, right, there is a large network of satellites that somehow enabled part of that infrastructure.
So I do want to bring space into the conversation.
And I want to have people understand that sometimes, yeah, these investments, highly risky, highly regulated.
There are so many complications.
But yeah, part of it is understanding systems, interconnectedness of all of our kind of lives through these systems, and how that kind of guides us tomorrow.
Because, you know, the Uber pool decided that my house was closer than someone else's house.
And, you know, I get some priority or something like that.
So there are going to be a lot of these unique factors that come into play that we just ascribe to technology, but we don't have truly an understanding of why some of these things might be.
And funnily enough, I remember another Genius Room member, Peg Yonda, who spoke about these kind of zones that are created for figuring out, like, surges or, you know, for Uber and things like that.
And I'm like, of course, these kind of things are monitored, maybe using satellite, right?
So these are very kind of critical infrastructure that we subtly use, but it is subtle.
And a lot of people just don't recognize it.
So you can go Yonda, then we'll go to Rod.
Absolutely.
I know you want to go to space.
I can go to space and talk to you about some of that water on asteroids, but I want to come, I want to stay here in the physical space for just for a second, right?
And so I'm bringing this perspective, right?
So I'm sitting here, and I have this stuff growing in my yard, right?
And I guess I was establishing some type of organic garden that just kind of grew in my yard, and all these thoughts started coming up.
And I was like, what are these thoughts?
So my girlfriend was like, uh-uh, girl, we got a camera.
We can go ahead and we can flash that camera.
We can find out what that plant is.
I'm like, why would we do that?
She was like, girl, don't pull it.
Don't kill it.
Don't do nothing to it.
Find out what that plant is.
I was like, okay.
So I pointed that plant.
And so when I believe it was Pharrell that was speaking or a parametry.
But what I heard was really when you have to prioritize orders, right?
What's critical?
What's urgent?
What's important that needs to be.
So what was growing in my garden, just so you know, was this thing called mullein?
Mullein?
Mullein?
So I had to do this research.
I was like, where I didn't plant a thing.
Where is the mother?
Where is the host?
Because I need to find where she is because I did not plant anything.
I found her, right?
So anyway, I'm doing this whole plant science thing on my own by myself, kind of charting
it along with my video and everything.
But then it said to me that mullein is used for respiratory, right?
So even just talking to you all about the space and time and location for mullein, right?
That's going to, if you start to think about all the congestion and all the things that's
happening, it made sense.
So it helped me to think about gardening differently and thinking about how that interconnectedness
works, right?
So if you're growing mullein over in your geography and you're growing mullein over
in your geography, we have a natural resource that could be maybe not necessarily used in
the past, but certainly there are some use cases that are continuing to skyrocket with
mullein.
So I just wanted to add that in there on the current physical space and being able to capture
plants like that.
That's all.
Yeah, definitely.
I think we need like, you know, satellite observations and on-ground observations for
foliage, for identifying these species.
There is kind of, you know, I think we had a space maybe two weeks ago with the Observer
app by NASA.
And I think I did speak about how they want to kind of have landscape validations and other
aspects of these kind of satellite matching, right?
So the satellite might have given you the mullein, but then maybe we can also map out the wind
model around your area and figure out that the mullein might have fallen, you know, because
of the seeds that traveled through the wind, probably a few blocks away, but, you know, nowhere
else has it grown.
And only from there it is found in your yard.
So that can be kind of, you know, an interesting way of finding out how these seeds migrate,
how life migrates.
So there are a lot of different things.
I think technology is just allowing us to observe these much more.
Other than that, I think it would have been you and me just walking around and just saying,
oh, I did see a mullein there, you know, in their house.
And then like, you know, I'm looking at it here and most likely we connect the two things.
And today we are having these like large scale observations that kind of give us all these
changes.
So, yeah, I think there needs to be a lot more coordination in handling such data and understanding
such data because those data are being used to kind of guide policy and guide our lives
because that is kind of measuring how our world is changing.
So, yeah, Rod, go ahead.
Yeah, Red speaking.
Yeah, thanks.
Oh, Rod, Rod.
Okay, okay.
Go ahead.
Sorry.
Red and Rod.
Yeah, Red, you can go ahead after Rod.
No problem.
I wanted to add a few notes to Farrell's words about democratization.
That's highly, highly supporting the idea.
And I want to get back to the beginning of discussion where we discussed what the Space QF is.
And I want to remind everyone that now there is the first in the world, it's actually the
first in the world initiative that is aimed to fund decentralized space exploration projects
all over the world, despite their location.
And everyone here can actually support that just by voting for the projects with a $1 donation.
That's how you show that it actually matters for you.
And that's how you help to grow the economy.
And the main value behind those donations is that it's just, you know, you spend some time
and you made certain actions to show your appreciation.
However, the donation itself could be as low as $1.
But with that time, the more people we get, the more people we reach, the more money will
flow in the ecosystem, opening new capabilities, new jobs, new projects for everyone all over the world.
So I would encourage everyone once the round started to take a look at the projects.
And frankly, I'm a bit tired.
It's half past 2 a.m.
So I want to jump off soon.
However, let me briefly show my project.
It's called LUNKON.
It's actually here in the audience.
And it's a tool to design space missions in a decentralized manner.
Personally, my goal is to participate in building the base on the moon.
So mostly I'm developing the LUNKON to design and to create conops for different solar missions.
So when you have several robots on one mission to prevent robot fights.
But it could be used to planning of any mission that you can imagine.
Especially with the fact that LUNKON is focused on combining different models into one rather than creating advanced models that already exist.
So, for example, for all orbital mechanics, LUNKON is relying on JMAT's General Mission Analysis Toolkit by NASA that has a TRL-9 and was used for trajectory planning for a lot of missions.
So there are a lot of integrations and it's fully open source and free tool.
You can download it.
You can sell it under your own brand name.
And it was possible thanks to activities like Gitcoin and Givas where I was able to raise some funds.
I believe around 35k in a year.
It's not much, but it allows to sustain myself and keep building.
And with all that experience, it would be really cool if more projects and more people would join the new emerging economy around Gitcoin and the relevant activities.
And back to you, Phantom.
And I'm sorry, but I'll drop off in five minutes.
Yeah, no worries, Throd.
I can understand and thank you for coming in and sharing your, you know, observations, your insights, your wisdom, because I think this is kind of a very important point to kind of have discussed.
And I think you brought a great deal of discussion there.
I will definitely get to red now and we will have a discussion.
But thank you for coming.
And yeah, feel free to drop down anytime.
If you want, you can share like maybe like a post about Lungko as well in the post before you go so that people can check out that project.
And I would also, you know, say that to other projects as well, just so that people can have a look at your projects and know what the space is trying to become.
And yeah, the round is opening in probably a few, actually 10 days or nine days, I would say.
So it's going to be a much more detailed discussion in the coming weeks.
So for now, this is just an explainer about the space economy, how decentralization and finance are coming in and how the space economy is kind of working through some of those.
So, yeah, Red, do explain to us about your project.
Hi, thanks.
Yeah, I wanted to just to salute the fact that, you know, whenever we talk about space, we talk about having this holistic view.
You know, I'm trying to explain what's growing in her garden.
And, you know, that's the thing, like you want to know, like on a wider scale, what happened.
And you actually keyed it very well, like you want to see the winds and take all the parameters.
So that's why, like in the series of chats, I mean, or messages in that discussion, I put the digital tooling project from the European Space Agency.
It's from the fee lab.
So that's when I was working there, that was the AI lab of ESA, literally.
They were initially focused on EO, but they do a bit of everything.
So EO is Earth Observation.
And there they're kind of trying to build this big data repository and linking information.
So really the knowledge about the Earth.
So it's amazing.
So I guess the plenty of things is just the beginning, I would say, in our generation here about those kind of projects.
But I mean, the possibilities are endless.
This is crazy.
And about the project we maintain.
So we actually started Space DAO, so DAO for Decentralized Autonomous Organization.
And in the beginning, we actually had fun a bit calling it Decentralized Autonomous Orbit.
But having space in front, that was kind of paradoxical.
So the game was to really like reorganize the orbit.
So trying to actually organize the orbit in a sense that there's a lot of things that happen multi-governmental.
So that actually brings tensions from space to the ground.
So we wanted to avoid that.
And how we would do that is by confronting gently with nice incentives,
confronting the businesses and companies that actually share information about space.
So that we have a consensus about what's happening in space.
Where are things in orbit?
When they're going to collide to actually create a consensus-based space traffic management.
So this is Space DAO.
Oh, this is one of our main applications in Space DAO, which is space traffic management.
Another one, which is also in partnership with the University of Strathclyde,
is disaster response management.
So in the same way that you want to have consensus on space traffic,
you want to have consensus on what's happening in terms of disasters on the ground.
So that you can actually call the emergency response the right time, right place,
and make the right decision, thanks to this consensus.
So we're trying to really shrink down the time to which the consensus is made
and to which the overall emergency response is made.
So you can't live spare minutes in those situations.
And currently, it takes one day and a half to get an emergency map.
It's crazy.
So with things happening that we call cognitive space,
we have spacecraft going into orbit with the onboard AI,
we see more things happening.
And being part of the DSpace QF, it's amazing.
We have projects like Ephemeris or others like Omiculum
that want to actually make those marketplaces of data.
And we are here at SpaceDAO trying to make the consensus across those marketplaces.
So still a long road to go.
This is a marathon.
We are super happy because we have an article
for the 10th Space Traffic Management Conference in Austin, Texas, next February.
So we'd be there presenting SpaceDAO.
So this is kind of, you know, when I think about this, it's kind of crazy.
Like this guy was presenting a blockchain-based project
into a very, very conservative and traditional enterprise, which is Space.
So I would love to have your support on SpaceDAO, definitely.
In the next days, I'm going to put all the projects
that are listed on Gitcoin round for SpaceDAO QF
so that we have them on the website, the official website,
which is SpaceDAO, sorry, dspace-qf.com.
And I'm talking about DSpace this time because I'm still out there
and I'm trying to make the best of it.
So enjoy the ride and I'll be there.
We'll be there.
We're talking to each other.
I mean, this is amazing how this is going.
And those projects really need you because this is the only way for them
to get the seed starting because they are very intraditional,
very disruptive.
There's nothing else that's going to fund them.
So really counting on you all and I'm here to support you as well.
Thanks, Rajat, for the time.
Yeah, definitely, Red.
And thank you for coming and sharing.
You know, I think the blockchain consensus for space traffic management
is something that I feel even is important for traffic management, right?
So eventually, I think these can be different kind of operational research.
This is just kind of operations research for me.
And this is one of the most complex ways.
So I would definitely say that, you know, it's a very interesting project.
And I would definitely be, you know, looking to get more involved with the space
down over time.
So I will go to Yonda, then Pharrell, and then we have a new speaker, Mutasko.
And we will be winding down in the next 20 minutes, guys.
So I would really appreciate it if you could leave me your takeaways for this space.
What are your thoughts on the space economy?
What have you understood?
What maybe is your question is like, how can I participate?
So have you any thoughts?
Please do share your observations down in the purple pill below.
And let me know how you would like to participate.
Because I do want to get this observer family a bit more of resources.
And I will be participating with the DSpace QF a little bit to kind of help you guys with
curation and sustaining my own content creation and create these kind of spaces that can help
you connect to the world and the space economy.
So that's my idea.
And that's the goal.
So we will be getting a bit more of this conversation going.
But we will go to Yonda and then Pharrell.
I just want to say, Parametri, thank you so much.
You recognized me when I was speaking.
And you identified with the clarity that I knew existed.
So what a great connection, active listening to me.
Thank you so much.
And the second thing I wanted to say to you is I would love to have experience with reentry
passes and from a disaster, a national disaster for disaster recovery and even experience with
point of distribution, the pods.
So that people are able to, yeah, absolutely.
And even the quick connects and all those type things and even the kind of forecasting per
pre-storm and post-storm.
So looking forward to talking with you.
Definitely.
And this is the only thing.
Yeah.
Ferdinand?
Yeah.
I just wanted to, and I guess to some degree I'm piggybacking on what was just said by,
sorry, my brain's just tricking here.
Anyway, Parametri, you said that disruption.
That was where my thought was, is that truly disruption is key.
And what you said is perfect.
And I wholly support it.
And I support that we see that within the industry.
The one biggest problem the space sector has had is that it's been up until the last
few years, and really kind of obviously started with Elon Musk and wouldn't happen from there,
but it's been getting even more aggressive, is the disruption.
We need these outside-the-box startups.
And there's a lot of us in this room and there's a lot more out there.
We need them to have the funding, the support, and the understanding.
So what you're doing, I wholly support.
Love to communicate with you.
But we need that disruption for innovation.
Without it, it's going to be stagnant and it's going to be the same crap,
and we're not going to fully get to our potential where we need to go in the space economy
and into the solar system.
That's all I wanted to say.
So thank you and bravo.
Yeah, most definitely, Ferdinand.
So I think now we have another expert in the house with Mutasko.
I really, really value your opinion.
So I would love to hear your thoughts on the space economy itself, maybe a short summary,
and then probably what you think of this decentralized access to space,
because I do know that you are very well versed in these blockchain technologies.
Hey, Phantom.
How are you?
That was a high bar.
I'm not an expert.
High, high bar.
I'm just kidding.
This was great.
I heard Pharrell speak earlier, and it just sparked a lot of fire in me.
Just to give you a little background, I currently work for a defense contractor.
They're usually called Prime.
And we have different sectors, right?
My sector is space missions and systems, so we call them SMS.
And part of the area that I support specifically is an optical imaging infrastructure
and also the other mission-critical infrastructure that we deploy to the government.
Now, and as I said, it's space missions and systems.
So this is a very, very – I'm exposed to a little bit, right?
So I have an understanding of what is being discussed here from my background.
And then I'm always intrigued about the different perspectives.
Like Pharrell was talking about cobalt, right, which is a mineral.
And he was speaking – and just the – he talked about prospecting, right?
And I think – I'm just going to use, say – there's a lot going on in my head,
but I'm going to try and be simple here.
So I'm just going to pick what Pharrell said.
And I'm going to use something to make a point about – if you remember, Funtum,
the last time we met, I had – because sometimes it's very difficult.
If you're not – especially if space is not people's area of expertise, you know,
it's very difficult to get people along the way.
And so when I say things, I tend to just want to use, like, examples that made sense to me,
that helped me to connect, right?
So when we did – we did a space – it's probably four months, five months now.
I made a reference of a guy who – I think at the time, the Malaysian aircraft A370 that left Kuala Lumpur,
whatever it's called in Singapore, is it Singapore, and was headed to India, I believe.
The MH370?
Yeah, yeah.
So this is fascinating because the gentleman who actually created a company,
he was inspired by the complexity of the disappearance.
And then that led to Capella Space, right?
So you can go look it up, look up his history, why and what drove him to create Capella Space,
and understand the mechanics of how we can make space economy more accessible to people.
Because if you start to break it down and you stay at the top, it's almost, like, inaccessible.
And it's like what Farrell said, right?
It's an exclusive industry.
And I'm coming from a space where there's only a handful of prime contractors in the country.
And there's a lot of restrictions, jurisdictionally, of who we can even work with.
So there are very few artificially constrained experts.
And when I say experts, it's like the restrictions, because these are critical, strategic, national security infrastructure.
And that's how they're considered.
So the mechanics of even funding is also even restricted, because most of our revenue comes from the government, right?
Almost 90-something percent.
And we are a very, very significant company when it comes to defense infrastructure space and all of that.
And I'm saying this just to make a point about what Farrell said about mentioning that particular mineral that he talked about.
And I'm going to use gold as an example, right?
If you think of gold and how we extract it, there's a process through that.
But today, globally, it's a precious metal.
But the profitability of it is still kind of up there.
But you can only count a few companies that are literally doing it at large commercial scale.
Now, that in itself is a limitation.
Because if you don't have capital, then don't even venture in that.
Because the process of even getting there and being profitable is complex.
The other problem is the hoarding.
Because as we know, gold, you go through all the process, the expensive process, getting the land.
Even getting the land, you have to go through licensing, depending on where the jurisdiction that you're looking to participate in.
And so those complexities makes it even more difficult for people to access.
This is why you hear small scale mining, predominantly in developing countries where a lot of people are just trying to participate, but they can't.
But the governments of those countries don't have processes where they can allow the larger economy to expand enough that the little guy can participate, right?
You get the point I'm saying.
But the problem with even these commercialized big companies is that they hoard it.
And the hoarding process of this mineral also is like, if you look at the supply chain, right?
It ends up when the extraction is done and it's packaged, it ends up in a bank or a national reserve or in the bank, it's a vault.
So nobody even gets access to it, right?
So they get to extract value, but it's limited.
That's the point I'm trying to make there.
So if you take that context and you fit it into space, if you're in that area, you want to start asking the question, how can I make this accessible?
And the way I'm going to explain this is blockchain, right?
Today we have blockchain and people talk about Bitcoin and Ethereum.
But I'm always fascinated by the ability of maybe Ethereum to expand the access line to allow more people to come in, right?
The customers to Ethereum are developers, right?
But then if you look at Ethereum as a layer one and then you think of what layer two's use cases are, it extends the usability of Ethereum and it allows more people to come in.
But then beyond that, there's also another benefit.
Another example on that from the banking system is if you take Visa, right?
I was just talking to somebody about this.
You have Visa and you have the card issuer.
And if you take Visa aside, you can say Visa is what service, what value are they getting and what service are they providing?
They've found a way to create a security layer or trust layer and they're distributing it to the banks.
And these banks then leverage that trust to issue cards.
And then when they're issuing the card, they're coordinating with merchant acquirers.
And then you get the point, right?
So if I get a card and I walk into a store, I don't need to know what Visa is and how they figured that out.
The same thinking can be applied to space economy.
When we start thinking about space economy and accessibility, we have to think about whatever that is restrictive today in traditional economic commercial ventures and try to create something different.
This is where my mind is all the time because I'm trying to understand, like, how can I participate, right?
This is why I said the Copernic, I think it was Copernic that was in the space before.
I love what they're trying to do, just tying it to the whole structure, right?
And I'll let Farrell speak.
You know it.
I get excited when I'm talking about stuff like this because it's, like, it's fascinating.
It's mind-blowing.
But I come from the angle of how can I participate, make it easy so I can be a part of that economy.
Right now, that doesn't even exist, right?
So, yeah.
Farrell, just let me just reset the room a little bit and we will have this discussion.
So, welcoming everyone back to the Observer family space today.
So, I see a lot of familiar faces now joining in and we are continuing the conversation on access to space, democratization, as well as decentralization.
So, we are kind of winding down in the last kind of 15, 20 minutes.
I would love it if anyone from the Observer family came up and, you know, asked some normy questions because I feel, you know, all of us engineers have been nerding out and it's amazing.
I think Yonda has definitely provided some measured responses to kind of ground us.
But I would definitely expect some of you also to have questions.
So, feel free to jump up and also share your observations in the comments below.
But in the meantime, we have Manuel and, yeah.
So, Farrell, go ahead.
Okay.
So, Matasko, I've heard you speak a few times.
And there's three things I'm going to share in what you've said.
Passion and the excitement.
Scarcity and Web3.
And so, thank you for sharing all that.
And I love the fact that with the space that you work in and things that you can and cannot talk about, I very much appreciate your voice.
And you hit some critical points.
So, one, obviously, passion and the excitement of things.
Well, that, I love it.
Especially somebody who's, for lack of better words, buried in the infrastructure of the existing space sector and space economy.
Because, excuse me, I'm fighting COVID, I think.
Nonetheless, if you can see past the forest and see the trees or see the trees to the forest, however it goes right now, that shows that everybody can see it.
Because when we're in the midst of what we're in, if we can't see the future, we can't see the opportunities, that's a problem.
So, I thank you for that.
Scarcity.
You hit that key point about the way that gold is treated as a scarce resource.
It's far less scarce than it really is.
It's just a question of command and control.
It's just like oil.
Oil is not nearly as scarce as it's believed to be.
But it's a control mechanism for economic purposes.
So, the scarcity factor is a driver to get to what, from an economic perspective, to get to what we can accomplish in the solar system.
And this will take us the century.
It could take us faster, but we don't have a global mission because we're not united as a species on our planet yet.
Let's hope we get there quickly.
But that scarcity is going to drive us further.
So, as long as that scarcity game is played on Earth and the environmental impact of getting those scarce resources is going to become more and more focused, it will drive us further.
So, I'm happy for the scarcity game, even though there's some BS to it.
But it drives us to where we need to go in the space economy for the resources out in space and allows us to treat our home better.
We want to look at it from the environmental perspective and just everything overall.
Web 3.
Web 3 is ultimately, in my humble opinion, the technology that is going to absolutely take us to that next level.
And if we utilize Web 3, as everybody's talked about and as many of us are trying to do, what we're doing at Copernic Space, it opens up that door to democratization.
It opens up that door to, as you said, Mutasco, how do I get into it?
Well, that's a common question for everybody.
I had a conversation with somebody a few days ago, and actually he's an Uber driver.
And the Uber driver was asking me what I do.
And for the time I was in the Uber for an hour, we were talking about all this, and I blew his mind.
But he blew my mind, too.
But he didn't know how to get into the space sector, telling him what we're doing at Copernic Space, what the intention is, how to utilize Web 3 for generational wealth and growing that for him and his family,
and how to utilize acquiring space assets and give them the ideation seeds to come up with ideas to develop concepts of businesses or how to acquire into assets that can create wealth.
And it won't be overnight, but over the months to years to the decade ahead.
And so that's the power of what we have with Web 3.
All of this stuff with the DAOs, with all the different platforms, with Bitcoin, with Ethereum, the layer one, layer two, the whole bit.
This is the exciting piece.
And I just wanted to emphasize, thank you for that.
And I'm just going to turn off the mic because I'm still having some trouble talking.
Thanks.
Yeah, definitely, Farrell.
So we will have Ephemeris kind of give us some final talking points, and then we'll go to Manuel.
Yeah, thanks.
Because I also need to drop off anyway, but I'll just use the opportunity to reconcile a lot of the things that were said up until now.
I think that's the prime opportunity that we're looking at here.
Precisely the question, how do we make more people join this industry, benefit from it?
That's precisely what we're doing at Ephemeris.
It's more focused on Earth observation data, including Capella data for the record.
Because essentially, you have a lot of potential users out there, a lot of organizations that can benefit from some kind of observation.
But the problem is that you just don't have, in the current way, things are structured, which still carries a lot of legacy marks of how the data is distributed.
The key to unlocking a lot of this value and to giving it to a lot of people to benefit from is precisely to establish the mechanisms, organizational and technological, to distribute it.
And my firm belief is that at least for Earth observation data, I'm not sure how other segments, I'm not that much into other segments, but specifically for this one,
the point is to make the data widely available, to make it cost effective, because right now it's super expensive, and to make sure that the infrastructures that also carry the data are not centralized and not controlled,
but rather they're responsive to what the demand down on the ground is, which is why the vision, at least that we have,
is to make sure that everything from the antenna that receives the data to the actual end user is actually decentralized and ends up being appropriately owned by stakeholders.
Because ultimately, you have a lot of infrastructure that right now even can be upgraded, it can be expanded.
And this can be done with people actually joining in and participating, whether it's through even their own equipment, if you want.
There's already examples where people set up antenna networks to receive data from satellites, and they do this voluntarily.
But the problem is that you have all these, also as Mutasko mentioned, you have all these roadblocks,
all these hyper-regulated aspects of the industry that don't yet allow this to happen.
And I do firmly believe that Web3 is going to be this enabler that ultimately democratizes participation,
allows everyone to join in, whether it's through capital, whether it's through their own contribution,
whether it's through their ability to make sense of the data, process it, and give the end result to everybody else,
whether it's to do appropriate KYC of who's actually using the technology,
which inevitably is going to remain a concern.
And that's why I'm really pumped for this space, really excited to see where it's going.
And yeah, that's pretty much why we ventured out into building Ephemeris out of a more conventional data delivery company,
because I do believe that the ultimate development and ultimate pathway of things is to allow everyone to participate.
And yeah, I think that pretty much kind of sums up many of the points that we talked,
but yeah, that's in it for me.
And also, I also want to thank everyone for contributing, because I do believe this is just an initial discussion.
There's going to be a lot more to come up in the coming days and weeks.
But I think it's a very, very exciting place to be.
And there's a lot of awesome companies, a lot of awesome projects here and out there.
And it's just going to be very exciting to see where it all goes.
Yeah, definitely, definitely, Ephemeris.
And we have Manuel and then Emily.
So yeah, go ahead, Manuel.
Hey, guys.
I hope you can hear me.
Yeah, I'm obviously also a little bit sick as Pharrell.
I was just in Berlin presenting everything that we are doing with Copernic Space,
also research related to how we can scale up the technological adoption in space.
So I understand all of you guys.
I mean, we all want to make money.
All the people in Web3 are also here for making a shitload of money.
And even if we can capture like a fraction of this flowing towards the scientific improvements
that we want to see that are driving the new business modes on the horizon forward,
it's already a big win for the industry.
So I was recently thinking a lot about these modes of also space data, intellectual property,
patents, everything ranging also from academic research assets.
And this is also highly linked towards commercialization.
I mean, how do we want to commercialize, for example, academic paper publishing?
And there are some certain aspects to this.
I mean, we have the opportunity right now to enable more and more people for a buy-in,
for a global distribution of this knowledge as well,
and also supporting and funding the initiatives that we want to see in the reality.
But it's still the path forward from my perspective,
where we need to find sustainable business modes and build bridges to all the industries
that, you know, can have a huge benefit of the stuff that we are proposing here.
From my perspective, I mean, Ferrer talked a lot also about,
I would say, the commercial side of our marketplace.
I'm a highly, I'm a hardcore advocate for open science.
So if you want to do anything related to open science and scaling this adoption with us,
feel free to reach out.
And, yeah, I think we're all thinking about the same thing over and over again.
And there are, like, different paths forward and different strategies
and different tools that we can use right now, right today,
in making this a reality.
So thank you very much for having me.
I also need to save my voice for later in the day.
But, yeah, awesome space.
Thanks for supporting DSpaceQF as well.
You know, there are also some community leaders
related to open science and blockchain called Decentralized ScienceQF.
So we're also doing this, again, with Gitcoin,
as we envision it with the DSpaceQF round,
also at the official feature round beginning of next year.
So, yeah, there's a lot of very interesting dynamics going on.
And from my perspective, the most important stuff
and the most important thing that we need to ensure is
that we keep continuing pushing forward and talking with each other
because, you know, we saw this convergence of blockchain in space
already, like, six to seven years ago.
And right now it's, like, a good time to learn out of the mistakes
that were done before and get the OGs on board
and also support the newcomers of our very rapidly growing ecosystem
and equip most of the people that we have with a high interest
in getting engaged with the right technology
and the right resources to actually make this a reality.
So thanks, Phantom, for having me up on stage.
And, yeah, all the best to all of you.
I see so many familiar faces in here.
And, yeah, let's try out, you know,
what kind of economic model and incentive mechanism
might play out the best.
So I'm very optimistic about that.
And thanks, guys.
Yeah, definitely.
Thank you, Manuel.
And just want to thank all the listeners for joining in and tuning in.
Feel free to share this space on your timelines
because we have shared quite a bit of discussion.
Even if you have joined late,
you might be sharing quite an important discussion on your timeline.
And you might want to revisit this
and you might want to help, you know,
improve the participation in the space economy.
We are winding down.
So this is going to go on for the next 5 to 10 minutes.
I just would like to say that, you know,
anyone who would request right now will be the final speakers.
But I would definitely appreciate everyone who has joined
to kind of, you know,
share their observations down in the comment section below
and help me understand what your takeaways for today are
and what you want to do in the space economy.
Because I do understand that, you know,
we all want to understand and work in this broader economy,
but we also have our own skills and capabilities.
So I think that we can leverage them
and we can maximize the output
by bringing it into the space economy
and helping humanity together.
So, Emily, we will go to you,
then Javier or Xavier.
So after that, we can kind of go to the rest of the speakers.
Phantom, thank you for having me up.
Um, it's always great to be in your spaces
because they're always thought-provoking for me.
And I'll do my best to have a brief question,
but it's a question that I'm opening to all the panelists,
everybody on stage.
Um, and I'll be asking a normie question
and maybe taking it all the way back.
So please bear with me.
But I'm trying, the goal for this question
is that I'm trying to make it real for me.
So we've been talking about space economy,
what that looks like,
and there's been mention of Web3 and decentralizations,
but I'm still not clear
on what that economy will look like.
And most importantly,
why should we talk about it now?
Is it because we see that in the next 25 or 15 years,
we're going to seriously need to think about,
um, colonizing space?
Are we close to this?
Like, I guess I'm looking for some help
to make it tangible
as to why this discussion is important
because I'm missing it a little bit
and I really, really want to participate.
So that's my question.
What does it look like, space economy?
And why should we, everybody,
like a normies like me,
think about it and spread the message?
That's my question.
Yeah, definitely, Emily.
And I think we will get some more answers down the lane.
I will quickly answer for you what I think.
And I would just say that
part of this is kind of understanding
how the space technology and research
has been impacting our broader economy, right?
So there are quite a bit of changes
that are happening over the world.
And there is just a very different shift in technology.
So we are kind of monitoring assets.
We are having satellite connected internet.
We have like teleconferencing.
We have just so many capabilities
that the space economy has enabled.
And we are noticing a paradigm shift
and the commercialization, right?
So the 21st century
with probably what you have seen of Elon and SpaceX
has kind of brought in this newer paradigm shift
known as the new space economy.
And I don't know if we had,
you were there in the earlier part of the discussion,
but the new space economy was this kind of
higher launch rate
and miniaturization of spacecrafts
that allowed for a lot of, you know,
broad scale operations and missions to be done,
but on a commercial basis.
But because the market was so highly regulated,
it is again left to some of the most prominent
commercial entities and governments.
And so again, you know,
the decentralization aspect
is bringing in a category of inclusion
and the idea of participation
where you get to understand
how space economy is impacting you
and probably leveraging that for the future.
So I will, that's my answer,
but I also see a lot of hands.
So we will kind of be getting to them
and then we will kind of be winding down the space.
So we will go to Xavier first
and then the rest of the hands,
because I think probably
they will be answering Emily's question,
but I want that to be probably
your final thoughts for the space.
Thank you, Phantom.
I appreciate you for allowing me to speak.
It's always a pleasure
to be in your spaces,
like in either this one or another.
But I think,
at least from my perspective,
when it comes to space,
I like to draw parallels.
I like to see it almost like the gold rush
or like you said,
Web 3,
when it was like Web 2
and when it came to NFTs
or when it came to crypto
or even another parallel
would be just like right now
where everyone's making AI.
And so Phantom,
I have to give you kudos to you
for being ahead of the game
because your mindset is,
you're drawing the parallels
with what's happening already
and what's going to happen.
And space travel is,
though it sounds big and grandiose,
that only sounds big to grandiose
who for those people,
like you said,
well, somebody in the space
said that they can't see,
that can't look forward.
And forward essentially
is the tomorrows.
But I think,
but the one thing,
one pattern I've seen
in each of these economies,
either it's the gold rush,
right?
Either if it's even
the internet boom,
right?
When browsers are going crazy
and the .nets
and I remember the first .net
and so on,
so on the .com,
the .com boom.
And when we get
the chat to achieve
and now you see,
I think what we have
to understand is,
well,
when we get to that point
is how we're going
to mitigate this
and how can we spread
an economy
of an abundance
without having individuals
not think about
the repercussions
of their actions.
Because one thing,
whenever this occurs,
we are constantly forgetting,
we're looking at the possibilities
that benefit us,
but we're forgetting
about that
with every action,
there is an opposite reaction,
right?
And so we have to understand
that when something occurs,
something else occurs,
either it's something good
or something bad
would redeem it.
So if we're going
to do NFTs,
if you're going
to do this space,
if you're going
to tap into the economy
of space,
travel,
and so on and so forth,
you have to,
it's important,
I would encourage everyone
to look at,
to mitigate the risks,
right?
And make sure
that we're being
more ethical about this.
And I love the fact
that you're actually
using real world application
for the future.
Because right now,
NFTs are being diluted
and how they're being used.
And I love,
love,
love,
love real world application
on NFTs.
Because that's,
rather than just
a membership per se,
and I think that's going
to give us,
and I think if you do
this right,
I think that's going
to give people,
it's going to set
a precedent for other
space traveling
or space economy
NFTs
or cryptos
or whatever we're
going to have
in the future.
I think if you do
this right,
fandom,
this will set
a standard.
And I thank you
for being ahead of it.
And I would encourage
everyone else
to follow through
and just continue
with those standards
and ethics.
Yeah.
Thank you, Xavier.
I think that's
quite a bit
of compliment.
But partly,
I think it's
just democratization,
right?
I want people
to have access
to this.
I want people
to understand this.
The main advantage
I think I have
is knowledge,
which I think
is requiring
transfer.
So I believe
that some of us
are just more
knowledgeable
and we need
to kind of
make that
communication
so that people
can be better
equipped to
understand this
changing world,
to navigate it,
and hopefully
help us,
right?
I need their
help also
because these
challenges are
as complex
as they come
and the more
people that are
there,
the better it is.
So we are
trying to just
onboard more
people who are
capable but
probably have not
been involved
in this endeavor
yet.
So we'll go to
Feral,
then Mutasco,
and yeah,
I think I also
saw, I think,
Santosh's hand.
Yonda,
we will be kind
of ending with
you because I
want to hear
your final
thoughts as
probably the
wind down.
So yeah,
thank you again.
So yeah,
Feral, go ahead.
Thanks,
Phantom.
I'm going to
respond directly
to Emily,
and just
before I do
that,
in concert
with that,
I'm going
to share
some things
to Xavier
and in
parallel to
what he was
saying.
And I very
much appreciate
what Xavier
said with
respect to
NFTs getting
diluted,
and it's
unfortunate
because the
non-fungible
token technology,
the blockchain
environment in
its full
capacity of
the technology
and what it
can truly do
has been
diluted by
the noise.
Well,
it's how
things go,
unfortunately,
but the
real world,
the real world
deeply matters,
the 3D
matters for
the NFT,
as most
people can't
understand an
NFT,
and what an
NFT truly is
in terms of
the purpose of
the token,
that real
world
involvement,
engagement,
and purpose,
and its
longevity and
renewability is
the economy.
It's a
microeconomy.
You have to
look at the
NFT in
terms of the
space economy
or in your
NFT project
and so forth
as what does
it bring and
how is it
recurring?
What is it
really doing?
What is its
purpose?
Et cetera,
et cetera.
I mean,
most of us
know this.
The ones who
don't are
probably not
really legit in
terms of the
way that they're
approaching their
business and
either.
Anyway,
you don't
have to dive
into that
hole.
So in
terms of
what we're
doing at
Copernic as
an example
to that is
that, for
example,
the passports,
the space
passports are
not just an
NFT.
They're really
a business
model.
They're the
doorway into
space where
an organization
like us and
the entire
network that
we've got and
the network of
people that
we're associating
with and
building our
network brings
capability,
power, and
understanding and
knowledge.
Knowledge is one
of the most
important things
and helps them
to build their
use cases,
their research
projects, their
purpose, their
business, what
they want to
accomplish in the
space economy.
Thus, that NFT
becomes an entity
that they design
it and want it
to be.
And so, thus,
we're supporting
those passport
holders within the
Copernic space
ecosystem.
And it becomes a
bigger ecosystem
with the entire
network of
everybody that we
know and that is
involved with us.
So, that's one
example of what
Xavier is stating
that things are
diluted out there,
but in the space
economy, for those
of us that are
doing stuff like
that, it's not
diluted.
It's creating
real, real value
and real long-term
activity that's going
to make this
sustainable.
So, in terms of
directly to
Emily, you know,
look at the
space sector,
specifically the
space economy
side of it,
as what
blockchain was
before the
guy paid
30 Bitcoin
for a pizza.
I think it
might have been
more in Miami.
In that case,
that was before
people understood
what blockchain
was and what
Bitcoin was.
This is before
that.
And then what
Xavier said about
AI, well,
this is basically
artificial intelligence
back in the
1980s and 90s
where there were
people seriously
working on it
at the DARPA
level, etc.
But it was
science fiction
in movies.
Well, the reality
is we're at that
early stage in the
space economy.
This is the
absolute abundance
for economic,
scientific, and
really the
renaissance of
humanity at the
intellectual level
and really arts
culture and
probably even in
terms of how we
can have longevity
in life.
So this is what
the space economy
Does that help
you, Emily?
It does.
It does.
What you and
Xavier said, it
does help because
you're like, is
it like, yeah, it
did.
I don't want to be
too long.
I know other
people are going
to chime in, but
it helps me to
figure out, okay, so
it's going to be
the next thing.
And from that
technology, from
what people are
doing, you know,
people are going
to build businesses
and make money.
And basically what
Phantom wants is,
and I guess you
guys at Copernicus
want is that for
people to get in
now, even like
people like me,
even if I don't
fully see the
whole scope of
it, there's
something to be
gained and it's
going to be big
because things
like longevity of
humanity, like
finding a
sustainable space
to live.
I'm going back
to that movie
Midnight Sky,
right, where they
were trying to
migrate people in
space.
Like, we're not
there yet, but
like, there's going
to be first a
space economy and
then, I don't
know, I'm not
going to process
over here, but
yes, the short
answer of it is I'm
starting to get it.
Thank you,
Farrell.
Yeah, I just want
to quickly add
before anybody
else chimes in,
and I'd love to
hear other
thoughts, is that
this is definitely
also for the
betterment of
humanity at large.
For example,
Manu is going to
be speaking in
Berlin, I think it's
this week, he'd
have to speak to it,
but it really is
about the
science.
It really is
about, when we
talk about it, the
greater health of
humanity and all
that we can
accomplish for each
other.
And in terms of
things that are
going to come up
that matter in the
next few years and
into the next
decade, is the
plans and intentions
for orbital
platforms, for
manufacturing, for
commercial space
stations, for
initial bases on
the moon, and
colonization, for
learning how to
get to Mars,
Venus, Titan,
Io, and
beyond, that's
what the moon is
about right now.
And everything that
we're going to do
in orbit and then
actually get into
the asteroid belt to
seriously mine and
utilize those
resources.
That's it.
I'll stop talking.
Yeah, most
definitely.
And I think,
Emily, this is a
subjective thing,
right?
So I think part of
it is understanding
for you what is
your role and
then connecting
you to the
space economy is
going to be also
understanding how
you feel connected
to space, right?
So your connection
and your fascination
with space is
probably always for
me the way into
the space economy.
And for you,
you know, you like
to nerd out on
sci-fi.
And so even
within sci-fi,
you know, we can
kind of say that
sci-fi has inspired
so much of the
engineering because
it just helps us
ground our
imagination and
conceptualize.
you know, I
might say energon
today, but then
tomorrow I might go
figure out some
material, some
energy source, some
process that just
might help.
So there is a lot
of playing around
that we can do,
but I definitely
want to wind down
in the next five,
ten minutes.
So I will be kind
of going around
with Mutasko,
then we'll go to
Santosh, and then
Manuel, and then
finally Yonda.
Hey, Phantom.
Yeah, thanks for
the space.
This was great.
And I think, was
it Manuel or
somebody who was,
no, it was
Xavier.
Xavier was talking
about something.
And I think it's
like, it's a
productive feedback
to you, Phantom,
because like I
told you the first
time you started
these spaces and
started pivoting,
I mean, there
isn't any space
like that on X.
period.
Point me to one
and I'll be happy
to join.
So this is
very, very
important.
And I think
you've set the
pace.
I want you to
continue to do
these things
because there's
always a saying
that understanding
the question is
part of the
answer.
And I think a
lot of people
just not even
having these
discussions, no
one is ever
going to want
to participate
in anything
regarding space,
economy.
I mean, you
can go build
it, but if you
don't generate
the network
effect, then how
are you going to
break even to
even think about
profitability?
So the
sustainability of
the company, it's
even threatened,
right?
So back to
Emily, to your
question, there's
a lot of things
that comes to my
mind.
And because I'm
in this space, I
always tend to
share a few
things with
people, things I
can share, right,
publicly, because
this is public
information.
And one of the
things that
fascinates me
because my
company was part
of the
infrastructure
development, and
it's a NASA
mission, and I've
mentioned it
before, it's the
double asteroid
redirection test
mission.
If you're trying
to understand,
what is this
for me, how is
this going to
benefit me, it's
a little bit
abstract, but when
you think of it,
right, if we're
going to go
extinct, and
somehow there
isn't anybody
working to
redirect asteroids
because they have
what they call
the near-Earth
objects, NEOs,
right, and
somebody has to
take care of
stuff like that
because if
something gets
destructive and
we're all gone,
you're not even
going to talk
about economy.
We have a much
bigger problem.
So when you're
talking about the
value proposition
and what this
actually means,
you can think of
that and you can
go research that
and understand
what that mission
is for NASA
and the extension
of it, right?
And so from an
economic standpoint
and access, right,
for you as a
participant, you
want to be able
to say, okay,
let's say if
gold is being
vaulted, there's
cost involved in
vaulting the gold
at a bank level.
Now, you don't
have access to the
bank, so you
can't participate,
but if the bank
can use that as
collateral to get
maybe billions of
dollars, that
billions in
dollars that they're
getting could be
redirected, allocated
into some
productive use in
the economy.
Now, it
sounds great, but
it's the bank,
right?
What if you
have something
where a
platform creates
a marketplace
where, like
what Terrell was
talking about,
the digital
passport, right?
When he mentioned
that, what came
to my mind, I
mean, I'm in
supply chain,
there's a company
called Unisoc,
right?
They're leveraging
the blockchain,
they're building
what they call
the digital
product passport,
it's called
DPP, and it's
in line with
European, I
think in Europe
they have some
regulation going
on, right, about
companies, the
next future of
companies, right?
So if you're not
strategic, you're
not forward-looking,
your business model
can literally die,
right?
So from an
economic standpoint,
you're going to
think about how
can I participate?
And the digital
passport he's
talking about
allows you, like,
so it links
you to that
access, and
then if you
then use that
as a means,
just like a
U.S.
passport or a
country passport,
it opens the
door to
different
jurisdictions
around the
world.
Without a
passport, you
can't even get
access to a
particular country.
I'm just using
that as an
example, right?
And then there's
another thing, and
this is partial
because my
company is working
on a project
right now with
a company that
is, they have a
patent, right?
And the patent
has to do with
basically, if
you flew into
Chicago and you
wanted to get to
your hotel, you
have to go through
a taxi or
whatever.
And you hear
people talk about
flying taxi and
all that.
This one provides
a different
purpose, right?
And I always put
it this way, if
you think of
self-driving
vehicles, right,
and you say,
well, who's
going to own
You want to
think about
owning a fleet
of self-driving
vehicles, and
then you can
deploy them.
And if you
own it, you
can generate
economic value
from just being
an owner.
But if the
deployment and
distribution of
self-driving
vehicles was
only centralized
to Tesla and
nobody else, what
do you think the
level of access
will be, right?
So when you're
thinking about
people involved
in space
economy, you
want to break
it down to
how you can
participate in
a fractionalized
level, so that
if you own
5% or 2%,
whatever that
fraction is,
it gives you
access, because
then if that
space economy
grows, the
value of your
ownership grows,
and you may not
necessarily need
to sell it or
dispose it off,
but you can use
it as a
collateral to
borrow and
then use it
to do other
economic activities,
right?
And I can go
on and on.
I hope that
makes sense,
because this
space is growing,
but there are
companies strategically
building infrastructure
around it, and
they're going to
build it, it's
going to exist,
whether you
believe in it
or not, but
that would
create an
exclusive economy.
If you know
now that that
is the future
of where the
economy is headed,
and you participate
now, then you
become part of
it, right?
Even though
you're going to
be exclusive,
you're going to
be part of
1%, you're
still participating,
right?
I hope that
makes sense,
because that
was what came
to my mind.
I just want
to add really
quick that
what Matosko
said, he's
bang on, but
one thing that
needs to be
added is
because of
blockchain
architecture, we
can fractionalize.
We can create
additional assets
that are not
the derivatives
that caused
us a problem
in 2008.
We can create
extensive,
I won't want
to call it
unlimited
economic growth
and opportunity,
but we can
create additional
extension to a
lot of these
things because
of blockchain,
because of the
concepts of what
we've been playing
around with and
evolving over the
last decade, and
apply it to all
this.
Yeah, most
definitely.
So we will
have, I think,
we still have
red behind space
down there.
Are you
there?
Yeah, I'm
here, I'm
like, I'm
listening to
Zulu behind
the Ephemeris
project, they
are seeing
Aurora Borealis
from Bulgaria,
which is kind
of crazy,
currently, like
some reports
from Ukraine
saying there
are pictures
of Aurora
visible outside
and I can't
see anything.
I'm in
Frankfurt right
now, Germany.
It's night
sky.
It's crazy.
I mean, that's
crazy.
Sorry, I haven't
been listening to
the last three
minutes because of
this.
you killed
me on this.
Yeah, yeah,
nothing to
say.
Sorry, guys.
Space event
happened.
Okay, yeah.
No worries.
So, yeah, I'm
just going to be
ending.
That's why I
just wanted to
ask you if you
had any final
thoughts.
But, yeah, I
mean, the
Aurora is always
great to observe.
And as an
observer, you
wanted to see
that.
I've been
listening to
the, you
know, the
space economy
inputs.
You know, what
I want to say
is that
I have
nothing to
add because
there's always
somebody like
would say
what I'm
thinking almost
and, you
know, as
Emilie said, I
don't want to
take the time
and it's the
attitude that
everybody here
has, which is
inspiring.
And I love
this.
so let's keep
on doing this
discussing and
acting.
You know, there
are some
times that we
when we
understand how
the ecosystem
we need to
act and, you
know, for the
description to
happen, we
need to have
more ambition
than whatever
is, you
know, opposite
that kind of
wave.
So it's very
good to have
those spaces.
it's, you
know, we are
often undermining
that, but we
need this kind
of momentum
that we are
giving each
other.
The energy we
have here is
critical.
So thanks,
everybody, and
keep it up.
I'll be there.
I'll be there for
you, everyone.
So I am
Red.
I was talking
as Parametry.ai.
This is my
company.
Spacedow is the
project, which is
independent, hopefully
going to turn as a
foundation.
Our goal is not
to make money, it's
to make impact.
So, yeah, hopefully
this will happen.
Thanks a lot,
everyone.
Yeah, wonderful,
Red.
And thank you
again.
And I want to
thank all the
listeners who have
joined in today.
So I would
really appreciate
it if you would
share your
thoughts, your
observations down
there in the
comments and
maybe answer the
question, you
know, how would
you like to
participate in
the space
economy?
Also, feel free
to repost the
space and share
this so that
this conversation
can be further
spread on X
to everyone and
so that we can
have further
discussions on
participation within
the space
economy because
the D-Space
quadratic funding
is only
beginning and
this is a great
opportunity for us
to understand and
participate in the
space economy
together because
we all have a
great opportunity
to navigate this
kind of an
inflection point in
the space economy
between new space,
old space, and a
whole new
decentralized space.
So I do have my
last three speakers
for now.
We have Cordell,
Mutasco, and
Yonda, and I
would like to hear
your final
takeaways.
Cordell, I would
really hear, you
know, some
pineapples in space,
so what do you
think?
Oh, pineapples in
space, oh my god.
I can create, like,
a pineapple power
ranger and put
them in space, I
think that would
be a ledge, you
know, they could
be dancing and
squirting pineapple
juice on everyone.
What?
But, um, this is
cool.
This is actually
really cool and
super interesting
equipment-based
economy, and I
didn't get to hear
all the very
beginning conversation
around this, but
I do have a
question, maybe
that could be
pointed to you,
Phantom.
So I was
wondering, in
general, for
people who are
just now really
diving into
what the space
economy could be
and who may,
like, you know,
maybe like me,
are creators
that are dealing
in learning AI,
along with kind
of teaching it as
a way for people
to understand
themselves, what
avenues of space
do you see
AI and content
creation playing
a huge part in
our abilities to
grow as an
economy?
Oh, wow.
That's a very,
very interesting
question.
question, and
partly I will
say there are
like multiple
ways in which
that can be
addressed.
You know, it's
just how vast
the space
economy is, and
you know, you
can participate
as an AI
kind of
moderator, as
kind of someone
who is probably
sharing some
kind of training
data to AI,
or even, you
know, on the
broader thing
of just being
a space
enthusiast and
kind of
communicating your
space enthusiasm
through your
content, space
communication, and
bringing more
kind of attention
to space-related
activities into
your everyday
life, like
probably, you
know, understanding
the satellite
technology behind
the geotag,
right?
Like you're
saying, oh, I
tagged myself in
this area, like
or just having
this kind of a
thing where, you
know, like at
least for me as
an engineer, these
kind of
conversations become
very easy to
have in my
spheres, but I
wonder how much
the real public
talks about the
fact that, you
know, they
checked in on
Facebook, and
now Facebook has
a geotag of
exactly which
location they
were at, at
what time, and
things like that.
So, we are
kind of leaving
behind a lot of
information that
is related to
space technology,
that is related to
space and time,
and we slowly
have to understand
how to kind of
leverage that for
ourselves, right?
I think the
internet has been
for free and
has asked so
much information
of us for so
long that slowly
we are recognizing
the power of
leveraging that
information.
for ourselves,
and that has
kind of come in
various ways.
So, I will
just say that
feel free to
probably listen
into some
more of the
space, or
maybe join in
some of the
future spaces as
well, so that
we can have a
broader discussion
on how
everyday people
like you can
participate in
the space
economy.
but I will
be kind of
winding down
right now.
Madecoins, I
think I will
appreciate it if
you left behind
your comments
because I really
want to wind
down.
I've been saying
this for half
an hour.
I really
apologize, but
Mutasco and
Yonda, oh
yeah, Farrell,
sorry, go
ahead.
Just one quick
thing to what
was just said.
I leave my
door open.
Anybody that
wants to talk
about the
space economy,
DM me.
I'm not, you
know, if there's
business opportunity,
great, but I'm
more than happy
to talk about
this.
I'm going on a
podcast tomorrow
and I've got
more of that
going on.
This is a
mission and
it's a passion,
so education
is important.
And through
those conversations,
a lot of great
things evolve.
So feel free to
reach out to me.
Most definitely,
Phil, and I
think this is a
great, great
opportunity you
have just given
So all of you
do check out
Farrell.
He is kind of
behind the
business development
of Copernic
Space and,
you know,
Copernic Space
has been on
the Observer
family spaces
and we are all
talking about
these various
distributed
systems, the
distributions and
how we can
all organize
together and
come together
as one global
family.
So yeah, I
wanted to
thank all of
you for
staying and
listening in
and I
definitely want
to wind down
today.
Butasko,
yeah, take
it away.
Thank you,
Vantan.
This has been
great.
Like you
said, it
can be a
lonely, lonely
road, especially
with where you're
coming from,
right?
I tell you I
work with
system engineers
all day.
So, your
thinking and
perspective is
almost like
riding a lonely
road and it
can be frustrating
sometimes.
So, just
creating this
platform where
we can have
a respectful
dialogue on
important things
is a good
thing, right?
So, I
would encourage
you to
continue these
things.
As you do
them, you're
going to
collectively
attract the
right people
in this space
and it would
help all of
us be active
participants and
also if there's
some value to
capture, I'm
sure we will
see it and
we'll be first
to capture it.
I always say,
you know, it's
almost like a
VC is like a
control, airport
control tower,
right?
They get to
see everything,
every new
thing that's
coming.
The biggest
currency they
have is capital,
right?
So, they get to
allocate the
capital to the
right places and
then they
capitalize on the
value.
So, we can't
just talk about
space economy.
We want to
participate and
if you're
creating the
platform, I
see this as
a lot of
value because
I was literally
telling somebody,
you can call
it the
L1, L2
model of
blockchain,
right, which
was done by
Ethereum and
the way I'm
contextualizing
this is if
you have a
Twitter handle
or X handle,
instead of
using it for
some malicious
purposes, you
can literally
use it as a
tool or as
a passport to
disseminate
content and
that content
has to come
with quality,
right?
You can use
it also to
connect with
the right
people, but
think of
it as what
I said
earlier about
Visa and
the card
issuers,
right?
X is L1.
You holding
your handle is
what?
So, X is
creating that
distributed layer
for us to be
more productive
and how we use
it is on us.
But if you're
using this to
collectively bring
like-minded people
to discuss
this specific
niche area
that you're
expert in,
power to you.
And I would
say keep doing
it, okay?
This was a
great space.
Thank you for
the space and
I shut up.
Yeah, thank
you for the
compliments,
Tasko.
I always
appreciate your
wisdom and
your wise
words.
I mean, you
bring in a
perspective like
no other and
I think that's
part of our
ecosystem.
There are
very few who
actually make
it to the
space economy
just because,
you know, we
discussed it.
There is an
exclusivity here.
So, most
definitely something
that the industry
has to change
and it is
going to change.
So, I think
we are here to
facilitate it and
we are having
this conversation.
So, I will
welcome everyone
to join in on
more discussions
on these
observer family
spaces and
these are going
to be every
Sunday at
6 p.m.
European time
for this
month and
we might have
some changes
coming in
once the
DSpace
quadratic
funding begins.
So, we
just stay
tuned but we
will be ending
our space
today with
our wonderful
co-host
Yonda, my
fellow space
explorer.
hey there
phantom
hey there
speakers and
listeners
what a
fantastic
spaces
I am so
excited so
first and
foremost
phantom
I was going
for the most
emojis of
love in your
room today so
that's why I
was just going
ham on the
emojis of
love so
hopefully that's
a contest
between me and
myself right
I'm just like
the emoji
person in the
room so pay
me no mind
right because
that's how much
I loved your
spaces today
absolutely spot
on okay
second I did
the same thing
in the last
space too in
Aslan and
on the space
I'm going ham
on the emojis
so guess what
y'all see me in
y'all spaces
know something
I'm going for
the most emojis
in that
particular spaces
all right now
I'll see y'all
there on that
that that that
that hold on
let me go ahead
I'm not emojiing
myself while I'm
talking this new
one all right
so let me tell
you something real
quick fans because
this is so
fantastic so I
have to change
screens for a
moment because I
have to give you
a report a real
life diagnostic
report from
Starlink okay
so while the
show I was
looking at my
systems check
right and I
was saying to
myself okay let
me look at
network statistics
so I wanted to
look at my
uptime and see
how much outages
I actually had
you're not going
to believe this
so in the last
12 hours right
because I had
zero outages
during your time
right so in the
last 12 hours
on Starlink I've
been down a
total of 18
seconds that's
it oh my
goodness and then
I started okay
here's your
latency report
so your spaces
really takes a
low latency to
operate oh my
goodness that's
fantastic then I
wanted to see
speed right so I
went to I looked
at the throughput
right and I have
throughput from a
download and
upload to see how
many seconds during
your spaces like it
gives me time
intervals and stuff
like that and oh my
goodness that was
fantastic and this is
all while I had
seven devices on
my Starlink right
and then I looked
at obstructions
because I'm like
okay because it's a
little bit different
around here it's a
little bit cooler so
I was like oh my
goodness the speed
test low latency
low latency low
latency so anyway
all systems check
dude what a great
space is today how
you feeling phantom
I'm feeling great
Yonanda and today
has been like an
amazing space for me
because it's much
closer to my heart
and it's much
closer to my mission
right like my
mission is to bring
space for everyone
and opening up
access but that
conversation is not
easy like I can
tell you know
holistically spaces
for everyone but
realizing and creating
that infrastructure I
know is a big big
challenge so this is
just the first step
and part of it is
beginning the
conversation with the
public right and
having them understand
how this is impacting
their lives like you
just said you know
Starlink so little
you know downtime and
you had so much
download and upload
speeds and these
things are just going
to be much more
available in rural
areas so the
idea that you
know you don't
have to move to a
more centralized
location like
urbanizations is
going to be
critical and this
is going to
probably again have
another telecommunications
boom right so I
can see this coming
because I'm part of
the space industry
but so can who
all the asset
managers right so I
think in an age
where we are
digitizing assets
we can all be
larger asset
managers and we
have to learn to be
asset managers so
I think that you
know we have to
manage them over
time we have to
learn what makes
them sustainable
and we have to
invest in the
things that help
us sustain those
assets so whether
it's digital whether
it's physical all of
these things have
their own operational
costs maintenance
costs and we
slowly begin to
realize that
everything we say
is so free and
available today
might just not be
tomorrow so it's
kind of this thing
of you know us
figuring out how to
include everyone
and also have you
know a place for
everyone to come
to so that's the
goal and I will be
probably developing the
observer space station
as kind of the
outlier for this
kind of space and
I will be kind of
curating it I will
be having more of
the community members
and hopefully I can
hire some people to
help me manage this
community better so
that will be the
goal in the for
moving forward and
the space quadratic
funding is opening up
on 14th so today was
just kind of a
pre-discussion on
what space economy
truly is and
hopefully those kind
of conversation with
each project will be
brought in and
discussing the
blockchain aspects and
distributions will be
definitely interesting
so I wanted to
thank everyone for
joining in and
listening in and I
would definitely say
that keep tuning in
and I really
really really
wanted to thank
you Yonda because
you really made my
day by giving me
that Starlink report
and that is you
know the ultimate
kind of touch the
space touch Emily
like we will all
have one day
satellite internet
and we will just
have you know
nothing but the
internet access
itself is space
technology and
that's something
that you know I
feel we always have
to acknowledge and
it's something that
is evolving our
digitized world is
changing what being
online can truly
mean so our lives
are digitizing so
definitely I think
this is going to
become much more
important as we
bring in the
economy aspect to
it and I want to
thank everyone for
joining in thank you
again and feel free
to join the
community in my
bio for further
updates and we
also have a
discord but yeah
the activities will
be getting more
traction in the
coming weeks so
stay tuned keep
tuning in every
week to the
observer space
station until next
time thank you
everyone and
greetings from the
planet and the
observer family
