Emad Mostaque

And there was some really good principles, a lot of really good people in there, but then a lot of like fricking raccoons that were just trying to make a quick buck, right?

The ups and downs of the cycle means that a lot of people have been washed out and there were a lot of good ideas there, but again, it needed something to bring it together because

To get information from one place to another, and Bitcoin paper was about information.

It was a transfer of value.

That's just a transfer on the ledger, right?

It's not really a transfer.

It's just a ledger point just changing.

Applying intelligence to that makes that even better.

Having intelligent market makers, having AIs that represent you.

Because how are AIs when they get a genetic, when they have the ability to go out into the world?

Not physically, but digitally.

How are they going to pay each other?

They're not going to have bank accounts, right?

They'll probably use crypto.

How there's going to be a system of record for something like image generation.

You'll probably use a blockchain or something similar, maybe a Merkle tree series.

There was a whole bunch of stuff around federated learning and zero knowledge proofs and things like that.

AI can help it if you have standardized AI on your phone.

It can make much more intelligent zero knowledge proofs.

And zero knowledge proof is something like, rather than showing a whole passport, you just say that I'm old enough to drink and it can verifiably show that.