Other

“Akash is an internal tool we created to manage Overclock itself. It has a more verbose output and some of the controls for debugging that doesn’t exist in the Overclock toolchain.” — 00:01:30

“As an active member in the space, I can tell you firsthand there is a massive shortage in the talent that hasn’t quite caught up with the increasing demand created by the enormous growth in the cloud infrastructure market.” — 00:00:01

“The data, amount of data we process is doubling every two years. So that’s when we’re like looking at solving this problem. And we discovered there’s a lot of latent capacity lying around.” — 00:06:47

“I like to see regulation, legislation — in fact regulators can’t do anything without legislation… I testified in front of assembly two days ago on the first blockchain law ever introduced in state of California. I really like to see some legislation around blockchain and this new economy — it’s very very important. That’s my number one priority, because if you get that out of the way, I think US is a cradle of innovation.” — 00:15:11

“Bitcoin today is ultimate store of value, better than gold. It’s just easier. And government doesn’t have control on it… Bitcoin is the last crypto that will run out of business if crypto dies.” — 00:20:40

“My bet would be at least two years by the time we see [legislative understanding]… evidence being the kind of bills that are being introduced… about 18 new legislations being introduced in different states now… these states are moving faster than the feds.” — 00:49:55

“Which is not a small market. It’s about $10 billion market. And then we moved on to CI CD [pipelines], which is about $30 billion market. And machine learning workloads is about $60 billion market. So that’s how we’re looking at go to market.” — 00:11:49

“Ethereum — it costs about $13,000 to get one megabyte of memory… and you look at EOS, which is supposedly the modern Ethereum killer — it costs about twenty-five hundred dollars per megabyte of memory… we’re talking about floppy disks costing $2,500… the problem happens to be they all adopt a monolithic, homogeneous architecture with an assumption that all the applications have the same exact needs.” — 00:07:59

“Any brand-new cloud provider, the first choice is serverless… a whole new generation of programmers that don’t really care about deploying a server… we’re gonna see more and more serverless adoption. Now will there be a scenario where everything [is serverless]? It’s gonna be like trucks and cars — there will be people that are still going to drive trucks, but that number is gonna be so minimal compared to the car drivers.” — 00:14:41

“A key insight we learned over the past year… the challenge for distributive systems is not technology, it’s the experience.” — 00:12:32

“We haven’t seen any major open source implementation for SGX yet. So I think the technology is like still early and under development. But that’s, I’m pretty certain that’s going to change in like the next year.” — 00:26:28

“When can we expect mainnet? We’re working on final details on that now, and TLDR should be sometime within the next month to six weeks… it will be soon.” — 00:34:48

“It’s been quite a long [time] since a new project like Akash has been used in a Chinese market, so we’re very excited… considering China is also a gigantic market for machine learning and they’ve been leading quite a bit in that space, Akash would be a great addition to their capacity in general.” — 00:08:47

“Most of our community is not very pro-AWS, unlike Ethereum community which has 60% of the nodes on AWS. We’ll change that very soon.” — 00:05:43

“About 3,600 app deploys… and about 460 or so unique developers. To put this number into context, DOT [Polkadot], which is a very popular project, has about 430 monthly active developers.” — 00:04:26

“When we launched our latest testnet we had 3,800 or so deployments in two weeks… about 80 applications that people shared… and about 480 or so monthly active developers right now on the testnet, which is phenomenal — for comparison, Polkadot has about 420 monthly active developers.” — 00:09:53

“When we launched our latest testnet we had 3,800 or so deployments in two weeks… about 80 applications that people shared… and about 480 or so monthly active developers right now on the testnet, which is phenomenal — for comparison, Polkadot has about 420 monthly active developers.” — 00:09:56

“This is the cost of liberty, right? I fundamentally believe censorship resistance and privacy are the foundational pillars for a liberal society.” — 00:28:35

“Our first biggest exclusive provider, and we’re launching mainnet number two, is Equinix… Equinix is the largest data center provider in the world… they have 100 regions, so they’re pretty well distributed… and their biggest customer I believe is Amazon.” — 00:19:59

“A big thing today in the cloud — and a lot of the open source community hates this — is because cloud is actually stifling open source innovation by stealing their business model.” — 00:41:20

“I’m genuinely excited… with everything that’s happening with censorship… Akash is primed to take off. There’s no other possible solution — solving for censorship begins with solving for the foundational element, which is the cloud… we have all the compute capacity, we have over 80 applications, we have over 480 users on our testnet.” — 01:14:02

“And I fell in love with it and dropped everything I was doing. And I was like, yeah, Kubernetes is going to be the future. This was in 2014. And I built a company around taking Kubernetes to market in 2015. I started Overclock Labs.” — 00:38:30

“Our biggest big enterprise that we’ll be announcing very soon, probably next week, is Equinix — I mean, it’s an open secret at this point. So Equinix is the largest data center network in the world…” — 00:38:06

“We are currently aiming for March 8th, 2021, for the mainnet to be ready and accessible… if all goes well, March 8th is what we’re looking at for Mainnet 2.” — 00:21:17

“I think Ethereum is a proof of concept more than a real, scalable architecture, and it’s obvious with the gas fees that we are paying. The shared fee model — all that is just not scalable.” — 00:27:17

“Я думаю, уже сейчас нашу платформу используют более 80 разработчиков. Для сравнения, Polkadot используют 400 разработчиков… Я думаю, что мы скоро достигнем уровня Polkadot. И это очень скоро.” (“I think more than 80 developers already use our platform. For comparison, Polkadot is used by 400 developers… I think we’ll reach Polkadot’s level soon. Very soon.”)” — 00:17:17

“You are selling your data without consent for the most part, and I think the future is consent… I think the future is about sovereignty. It’s not about reduced capability… you as a user are going to have a lot more control as to what data you want to sell versus what data you don’t want to sell.” — 00:42:02

“Akash just literally launched three months ago and we are more than doubling every month in terms of applications we deployed… right now, I believe, about 50 application deploys a day… sometimes we range from 50 to 100 deployments a day, and we’re three months old. We grew 17x in the last two months in terms of deployments.” — 00:26:09

“There was this quote from Rosa Luxemburg… ‘people that don’t move don’t notice their chains.’ Right now you are in these chains by the centralized infrastructure that literally exist because you’re comfortable with it… The moment you start moving and really putting these into perspective, you’ll see it’s kind of messed up. Decentralized infrastructure is ready, d-web is here, adoption is growing.” — 00:27:06

“If you tell me nothing bad happens, I’ll tell you you’re full of [it]. Something bad will happen — and when a centralized platform can censor a sitting US president, that tells you the amount of power these platforms have… We are seeing quite a bit of weaponizing of this deplatforming by state actors looking to hurt companies or organizations that have disagreement with these states… We as a society owe it to take back the power to ourselves.” — 00:07:49

“I think right now you have the technology that’s prime, so developers can build censorship-resistant networks. I think the future is going to highly demand that — if not, the demand is already here — and we need platforms like YouTube that’s censorship resistant… highly encourage people to go build it, and we’ll even fund them.” — 00:24:41

“A lot of very innovative use cases that are not possible in the cloud today are being built on Akash, and it’s only a matter of time you’ll start actually using Akash without knowing you’re using Akash.” — 00:19:33

“That’s why I’m really bullish on metaverse — the idea of creating virtual communities a lot more immersive. I personally invested in a few metaverse companies and I’m looking forward to a good future that embraces virtual communities.” — 01:06:53

“We’re saying increasingly de-platforming becoming a threat to our civil liberties… it’s not so much about what side of the political spectrum you fall under, but the fact that there’s a single company or a single individual or entity that has so much power on civil liberties is what’s concerning.” — 00:02:10

“We’re seeing increasingly de-platforming becoming a threat to our civil liberties… it’s not so much about what side of the political spectrum you fall under, but the fact that there’s a single company or a single individual or entity that has so much power on civil liberties is what’s concerning.” — 00:02:53

“If you put privacy first, that is inherently dangerous for decentralization — I won’t say dangerous, but that goes against the open system policy… when you have systems that are open, that leads to more participation, that leads to more innovation.” — 04:29:52

“I’m actually weirdly a little optimistic just looking at our history of tool adoption… when the internet really came about… people did adopt internet because the convenience of an open system, the value of an open system… even though it wasn’t very clear, somehow it was perceived as valuable.” — 04:45:33

“I think it’s only time that will eventually make privacy a lot more valuable. You see something like Signal — Signal is a great privacy messenger, but it’s also a messenger, right? The value proposition is just not purely privacy, but it’s private messages… we can build applications that have privacy as a core primitive and build value on top of that.” — 04:47:00

“The way I would define surveillance capitalism is a modern-day business model where everything we do is tracked and analyzed and monetized… this didn’t really exist 10 years ago… Google really knows… when you’re pregnant, Facebook knows when you have a period, my Fitbit knows when I’m having sex… How did we end up here? I think we traded convenience for privacy without even realizing what we’re trading for, and we traded user experience for privacy.” — 04:29:07

“If you put privacy first, that is inherently dangerous for decentralization… when you have systems that are open, that leads to more participation, that leads to more innovation. So I really don’t know what the answer is — do we do privacy first, or do we do decentralization first, or can we do both? And if you do both, how is the user experience going to look? A lot of unanswered questions.” — 00:16:18

“I’ve seen quite a bit of anti-Facebook, anti-big-tech creeping into the mainstream — I mean, my mom is concerned about Facebook prying on us. So that’s an indication that the infringement of privacy is becoming a lot more mainstream. I think it’s only time that will eventually make privacy a lot more valuable.” — 00:33:25

“The most lucrative monetization mechanism happens to be surveillance capital… the way I would define surveillance capitalism is a modern-day business model where everything we do is tracked and analyzed and monetized… Google really knows when you’re pregnant, Facebook knows when you have a period, my Fitbit knows when I’m having sex… we traded convenience for privacy without even realizing what we are trading for.” — 00:15:37

“Remember, we are in the midst of the largest migration from web 2 to web 3. The fact that Elon Musk is talking about web3 just tells you how far we’ve come… web 2 developers using web3 tools with subpar experience is going to be bad, so my goal is to make sure that doesn’t happen… the user has to be delighted to a point that they don’t want to go back to web 2.” — 00:51:24

“I think it’s just going to be like one slew of listings that are going to happen. I am seeing quite a bit of interest from a lot of exchanges on supporting Cosmos assets.” — 01:18:03

“Decentralization is just not about coin distribution, but it’s also community participation… more often than not we just look at technology and number of nodes… and ultimately it comes down to continuity of operations.” — 00:41:22

“Most of the conversations I’ve been having with people is about sovereignty and scalability, and I think the general conclusion is: shared state doesn’t scale, sovereign state is the end state.” — 00:03:33

“Having someone like Chanda work at Akash is an obvious signal that the talent is migrating from web 2 to web 3… if you even open TechCrunch there’s nothing else going on in web two… that’s all web 2 is, it’s ads and SaaS… anybody that cares about the open web will obviously jump at web 3.” — 00:38:43

“A lot of the projects that purely build on hype will die during this bear cycle… products that can deliver value but also show incredible metrics when it comes to retention and adoption will survive the bear market and thrive when the bull market comes… builders will get more attention than the shillers.” — 00:27:46

“How we’re funded the development and how we’re gonna sail through the next, you know, next two to three years of a potential bear market.” — 00:04:14

“It’s very, very unlikely that we’ll have some enforcement action, considering how conservative we are… DeFi protocols are definitely promising high returns to US investors… we’re going to probably see a lot of SEC enforcement in that purview.” — 00:42:33

“People don’t really care about cost of compute, but when times are difficult, in a bear market, Akash is getting quite a lot of attention… a plot, when Chia was in a bull market, was selling for $2 — now [10 cents]… the source of compute is coming from unused compute, right? So the model is really working here.” — 00:10:35

“I was using the product to discover some of the security holes that they had — massive security holes. One big hole was they were exposing environment variables to the public. Akash, we don’t do that — environment variables in Akash are private between the tenant and the provider.” — 00:26:22

“It’s not like compromises, but just clever design that evolves over time, and I think very, very soon we’re going to have these systems come into play and people will figure this out, and these patterns will become the global web3 onboarding patterns — and I would give it another two years by the time web three goes mainstream.” — 00:18:33

“It’s not like compromises, but just clever design that evolves over time, and I think very, very soon we’re going to have these systems come into play and people will figure this out, and these patterns will become the global web3 onboarding patterns — and I would give it another two years by the time web three goes mainstream.” — 00:18:34

“I think we’re going to see a similar pattern in 2022 and 2023: I think we’re going to see a year-long crisis and then it’s going to be an upturn, and I think that will be rooted in real growth… last time it was about product-market fit, this time it’s going to be about growth and people using real products.” — 00:15:04

“In all honesty, cost is not a keeper. Cost is a hook, but it doesn’t retain, because cost is generally a function of demand-supply: once the demand increases, supply reduces, the price goes up, so people start jumping ship… like Airbnb — initially cost was a hook, $20 rooms, but then you eventually got into a mode where you have diversity and variety available to you.” — 00:14:18

“You could launch an Altered node on Akash yourself and have the guarantees that this node is going to be completely private, owned and controlled by you. This is going to be a game changer for DAOs… I think the future, at least for the next few months to years, of privacy applications are going to take the center stage.” — 00:05:50

“In a way I want this bear market to last a little longer, as long as possible, because that gives us opportunity to really shine, and that’ll filter out a lot of the junk that the bull market got. Once the bull market comes, the chains that performed well in the bear market are going to get the best shine.” — 00:42:04

“Overclock Labs is independently funded, it’s privately funded… we have enough capital to answer your question — I mean we have enough capital to last this next four to four years or so.” — 00:01:25

“They are on chain and highly visible, and identifiable to a certain degree. So I think these open systems’ ban lists are going to be very interesting, because they’re going to be curated — especially if they’re curated by a community.” — 00:51:46

“The fact that a tool was blocked because of illicit usage is very surprising, and this is very analogous to, like, I don’t know, you know, if North Koreans use electricity — banning electricity. So it’s very similar to banning a tool because it was used by bad people.” — 00:05:01

“Arresting a developer because his code was used for money laundering — his arrest is like arresting Edison because his bulb was used by the Nazis. It’s the same analogy, and that’s not okay.” — 00:17:09

“GitHub is no longer a service discovery tool for web3 and we need to do better… moving away from GitHub to a more decentralized system like a Radicle or a Gitopia… I think is the future.” — 00:12:50

“The big difference between the open systems that are prominent so far versus web3 is that web3 comes with functionality, whereas open systems don’t come with functionality… with something like web3, you use an open source software, it comes [with] the network capability where you can fully realize the power of the software.” — 00:37:59

“If we can improve the developer experience, especially around interoperability, I think this is going to go places where web 2… can’t even come close. So I’m very, very confident on where we’re going.” — 00:40:08

“US DoD is, I think, the purest form of government… they don’t care about anything else except protection, and them really looking at a technology and putting a stamp is such an amazing feature. If any branch of government would use [it], I would prefer the US military as a first user of Akash.” — 00:02:11

“That’s coming out in a few weeks… this should be the last big update before the GPU, so we’re going to be actively working on GPUs after the IP leases release. It’s really exciting — talk on GPU is heating up.” — 00:02:56

“It’s very obvious now, bear market, but I think it’s going to be a lot worse — I mean that’s the general consensus — and it’s a prolonged market… with the console I think we can hunker down and hyper focus on users and nothing else, and when the light finally comes you’re going to see a lot of these efforts come to fruition.” — 00:31:28

“You can’t have a top-down approach… it really has to be a bottoms-up. It’s not a company, it’s an ecosystem… Every enterprise we are in right now happened because there was a developer, a hacker, or somebody curious… used the Akash network, participated in one of our hackathons, and took that back to the enterprise and gathered support… If you go top-down and be like ‘hey, we’re 95% cheaper than Amazon,’ people throw you out, because it’s unbelievable.” — 00:13:31

“What crypto allows us to do is coordination — permissionless coordination at planetary scale… I think it’s very, very important for us to shift our focus away from finance and think about what we can do beyond finance.” — 00:51:29

“Digitalization of ownership, I think, is going to be a lot bigger than DeFi. I think NFTs are going to be a lot bigger than DeFi… DeFi is essentially taking the old, oligopolized model of how to deal with finance and modernizing that, but NFTs unlock whole new levels of engagement with what has been traditionally very hidden and very inaccessible.” — 00:44:14

“Mainstream definition means 50% of 14,000 companies all have [a] web3 strategy — I would consider that mainstream. I think we’re going to see that in five years. I mean, by 2027 at least… Ernst & Young… they think it’s 2030, just by following the trajectory of cloud… but I believe as we evolve in tech stacks they tend to get faster in terms of adoption, and I believe 2027 will be the date.” — 00:40:30

“It’s not about having hundreds and thousands of applications on day one… it’s quite the opposite: it’s one, two, three key applications that will bring hundreds of millions of users… it was Netflix that changed the face of Amazon.” — 01:01:40

“I think crypto makes it a lot simpler to track… crypto actually makes it easier to track crime and shut down than an opaque system that we had before.” — 00:55:10

“I always like the idea of owning my own data. Urbit is sort of delivering that, and Akash will be the first decentralized cloud to be able to run Urbit.” — 00:02:57

“The biggest reason why people leave Akash is they run out of money — like, it’s really that dumb… it’s like [a] parking meter, you forget to put more money in… the deployment goes away and I have no idea why my deployment went away… churn has been a larger contributing factor for a flat adoption curve.” — 00:36:50

“Using AI, folks right now are creating not only drawings but animations. Very soon you’ll be able to see a full feature-length film made with AI — and a lot of this means so much compute power.” — 00:08:41

“I think the investments are going to dry up maybe in September of next year, because that’s when all of funds will go dry… so there is investments for really good projects, but the likeliness of you raising money pre-product-market fit is very very low.” — 00:31:49

“It’s very obvious bear market, but I think it’s going to be a lot worse — I mean that’s the general consensus — and it’s a prolonged market. So with the Console I think we can be hunkered down and hyper-focus on users and nothing else, and when the light finally comes you’re going to see a lot of these efforts come to fruition.” — 00:04:24

“One of the recent use cases for Akash was with the U.S. Department of Defense, using Akash Network to secure inter-group communications. So when people start seeing some of these advanced use cases used by the government, I think the government and regulators will have a different opinion on how Akash is used and how web3 is considered.” — 00:05:04

“Overall I think November — we hit the bottom. We’re starting to see some recovery… there’s indication inflation actually reducing, so that could actually influence the Fed to pivot — a pivot means that they would start reducing interest rates sometime next year. So this is the worst part of the bear market, I think.” — 01:11:57

“I prefer building in a bear market, selling in a bull market… it usually takes about one year of deep bear market to build, another year of narrative building in a bear market, so it usually takes two years between the cycles… none of the movements right now matters; what matters is what happens in two years.” — 01:03:16

“Anybody in the world can take up the spec and actually earn a decent living income. So now we are actually incentivizing developers that are stuck in fancy jobs at Facebooks and Googles… now we are solving a huge problem, which is attracting talent — we are attracting talent, we’re hiring talent by not hiring.” — 00:05:05

“Our security budget… comes from inflationary tokens… we pay higher price for lower security. But if I can optimize the security budget to have much better price for performance by borrowing Bitcoin security, I think we’ll be a lot better and a lot more secure chain. So I see a future where we can borrow Bitcoin security and pay relatively less than what we’re paying right now.” — 00:31:39

“You can compose different chains together to form different levels of security, different sources of security… I think we’re gonna see that sort of composability happen, and you pay higher price for securing higher valuable items, just like in the real world. I think that’s going to come to Cosmos as well.” — 00:05:00

“Ultimately it comes down to who’s actually writing the code, who’s actually controlling the website, who’s actually controlling the communications — those become the attack vectors. So if you can sufficiently decentralize these layers, you will be able to create a much, much better system when it comes to resiliency.” — 00:21:38

“They’re going to have their own ChatGPT moment in the next three months — they’re very very close, they did release a paper… a smart prediction now, you know: I think AI is going to have its web-3 moment very very soon.” — 00:46:44

“There’s an incredible amount of intellectual dishonesty — incredible, to a point… it starts at the top and it trickles down to the community… when people see comments like ‘Bitcoin solves world hunger’… that dishonesty is giving us as an industry a bad name and hurting people… The way you unlock community is through radical openness, because the more barriers you remove for trust, the higher network effects you get.” — 00:44:52

“I don’t like to use unnecessary buzzwords… just like when you use Uber you don’t talk about the internet. When you approach an AI user, they don’t care about blockchain or decentralization — they care about low cost, high quality resources… I try to use [the] minimum amount of words to describe the value prop in the quickest manner possible.” — 00:35:36

“My philosophy is: if you have 100 problems, solve 99 of them and give one for smart people to go solve, because once you give smart people opportunity, they will go build amazing things — and that’s how Kubernetes worked… it’s not [that] simplicity is the answer all the time… create great value and create opportunities for smart people to capture value and you’re going to create an amazing system.” — 00:23:26

“If you go to a hackathon in San Francisco, your biggest prize is API credits — that’s more valuable than money. Access to OpenAI API is more valuable than money right now… if you say the wrong thing, a wrong prompt, your access gets cut. So one company controlling that — is that the future that you want, or do you want the future where all of us have a say?” — 00:30:08

“The way I use AI every day is as a programmer, I can write 10 times more code the same amount of time spent… it’s literally 10x.” — 00:30:48

“I think it’s way closer than what people anticipate… I think AGI is going to [come] faster.” — 00:36:31

“AI is going to fundamentally change everything.” — 00:27:11

“It’s going to be job loss, but I don’t think it’s going to be it dooms the scenario. I think we’re just going to produce more.” — 00:32:12

“I don’t think I write code anymore without AI assistance. I’ve been writing code for 25 years and… this is the first time I saw a fundamental shift in how we write code… my productivity as an engineer increased at least 10 times.” — 00:15:50

“Akash Network, along with other networks, have been being experimented [with] inside Department of Defense. I mean, DoD sees the value of Akash Network — they’re doing a proof of concept internally.” — 00:38:09

“You see a lot of fake, what do you call fake videos and AI generated videos that are going to take over. Video creation is extremely powerful now. Within a year, there’s no doubt it’s going to get [more] powerful. Incredibly hard for you to know what’s fake and what’s real. So there’s attribution.” — 00:29:03

“It’s not going to replace doctors, but it’s going to make them a lot more productive… in some cases even I saw ChatGPT doing way better than some of the doctors.” — 00:20:57

“If Akash is not successful in, let’s say, five years — if there’s no traffic, we haven’t met any thresholds that we need to meet in order to consider to be successful — we’ll move to Solana.” — 00:19:18

“If I had to do my predictions, very unlikely the Democrats are going to win again, considering what they did to the country.” — 01:17:49

“Unless you think you’re going to be with a company for at least 10 years, do not [start]. There’s no quick buck — there’s no launching a DeFi protocol and getting rich and getting out. Unless you signed up for 10 years, do not engage.” — 00:42:59

“Solidity is a very poorly designed language, and it’s very evident with all the exploits that we have today. It is a really poorly designed language — you don’t see the level of exploits you have with Solidity with any other language.” — 00:21:16

“Every failure can be attributed to closed and opaque models — think about it: FTX, Celsius, even Luna to a large degree… Don’t trust Twitter as much as you should trust GitHub… Let’s do a better job this time; let’s make better mistakes tomorrow.” — 00:59:17

“The amount of productivity we get is so high with AI. It’s unbelievable. And if you know how to use the right tools, chain them together, you can build incredibly effective and proficient, like, processes, right? I think AI, it makes a 10x engineer a 100x. It doesn’t negate for a need of humans, but it just makes humans better.” — 00:33:39

“I think the pattern is going to be like, if today, if you deem a doctor can serve up to 10 patients a day, tomorrow’s doctors will be able to serve up to a hundred patients a day. Right. I think doctors are not going to go away. I think they’re just going to get better with AI. And that means more accessible healthcare.” — 01:06:05

“I think this current overreach by the state is just temporary. Like, I don’t see this lasting in more than, you know, maybe a few years… Government tends to, you know, anything they deem to be a threat, they tend to take an adversarial position. And eventually, they learn that it’s actually helping them.” — 01:33:24

“I think a Bitcoin ETF is going to be a big trigger… then you need the cost of money to come down — the Fed pivoting to lowering interest rates… whenever these three things come together — you need [a] trigger, you need cost of money to go down, and you need these degeneracy patterns to come up — that comes a bull market. That’s my thesis.” — 01:15:33

“Compared to the last big technology that got popularity, which was crypto… AI is exponentially easier to explain to your grandmother. It passes the grandmother test. And that’s key because no technology that came before AI could pass the test.” — 00:48:00

“AI makes someone’s job much better. Lawyers, doctors, just service professionals. So, today if a doctor can see 10 patients in a day, with AI, they’ll be able to see 50 patients a day. If a lawyer needs to review a contract, if it takes an hour, that contract will take 10 minutes to 5 minutes using AI.” — 00:51:12

“Also, US Department of Defense use Akash internally to secure their servers — but they use a fork of the Akash Network, they don’t connect to the network.” — 00:31:28

“For me AI is just, in one way to look at it, a better recollection engine; another way to look at it, a better automation engine; another way to look at it, a better listener or emotional engine… in the simplest manner I think it’s just a better paintbrush.” — 00:07:25

“Very soon the real content versus synthetic content will be indifferentiable, right? So very soon you won’t be able to say what’s real, what’s not.” — 00:16:50

“I predict in two years… I think this election is going to be a deepfake election, and in two years we’re going to have this problem so massive. There will be moments of chaos during this election due to fakes — that’s my prediction… ultimately I think humanity will figure it out, but it’s going to be painful before we figure it out.” — 00:42:12

“You can have a fully vertically integrated stack… yes, you can get adoption very quickly if you do it fully custodial, but you can go fast — you can’t go far. Really, open systems that are open to everybody and give opportunity for people to build on top of it tend to go much further. That’s why I’m a big believer in open systems.” — 00:16:46

“A key insight we learned over the past year, but something that has always been behind our thoughts: the challenge for distributed systems is not technology, it’s the experience… the user almost is not at the center of what we do. So by taking a different approach, an approach that involves the user, [that] solves the adoption problem.” — 00:12:37

“Platforms is a winner-take-all market, and there is no place for the second person — it doesn’t work that way. When you enter a market you want to absolutely dominate, and you want to do it because you want your values, that align with industry, to take precedence over people with greed.” — 00:46:15

“It is not always the easiest-to-use products [that] win. It is usually the products that have cognitive coefficiency of over one… if the value perceived over cognitive load required is greater than one, the product will be successful.” — 00:37:37

“Specialization is also a myth. People say that in order to be successful you’ve got to be doing one thing and one thing only. It’s a myth, because the greatest luminaries like Leonardo da Vinci or Einstein always had creative outlets.” — 00:30:55

“I think IPs are more scarce than gold — think about it. It’d be cool to have an IP coin someday that’s backed by IP addresses.” — 00:12:44

“We have enormous community — about 500 open source devs now contributing to Akash. We want to make that 5,000 by the time we have the next Accelerate.” — 03:58:44

“Akash is too early right now to be shut down by regulation. I think if regulation is out of the way, I think Akash is unstoppable… if you’re a builder you can build as long as you’re allowed to build — we’ll build our way out of any problems.” — 01:12:37

“Akash is one of the largest IP address marketplaces — we don’t really talk much about it… IPs are more scarce than gold, think about it. It’d be cool to have an IP coin someday that’s backed by IP addresses. It’s a really scarce namespace.” — 00:10:02

“Beginning of 2023… we went radically open source, in the sense including the process of setting the road map is open source, along with the code… we had like 20 or 30 contributors before… now we have about 500 contributors… [Overclock Labs] does not conduct any private product meetings anymore. It’s all done in the public, the video is posted on a blockchain… I guess people are training [AI] on our meeting notes.” — 00:12:11

“End of the year, I think it’ll be 100K.” — 01:06:02

“Akash is too early right now to be shut down by regulation. I think if regulation is out of her way, I think Akash is unstoppable. But if regulation comes and basically says you cannot exist, I think that’s going to be a big problem… if you’re a builder you can build as long as you’re allowed to build — we’ll build our way out of any problems… but if you’re not allowed to build, that’ll be a problem.” — 00:23:13

“With closed you can go fast, with open you can go far. That’s why any sufficiently important technology that has wide adoption is always open — starting off with internet, with operating systems… open source always goes so much further than closed source can, but it’s so much slower.” — 00:29:01

“Even looking at quantum — there’s quite a lot of work happening in quantum. We’ll be announcing some things very soon. We have a researcher from MIT that is looking into quantum seriously for machine learning.” — 00:50:55

“Eight years.” — 00:27:53

“A big challenge today with open software… is contributor churn… we saw companies like Docker just run out of business after raising at billions of dollars of valuation… the challenge is how do we really create open source, stay open source, without taking shortcuts… that was one of the big things that we figured out at Akash.” — 00:03:36

“We have a 0.5% — less than 0.5% — conversion rate for activation… but guess what, we solved it. We have a new update coming in a couple of months called trial wallets… I think these trial wallets are going to be a bigger unlock than GPUs for Akash.” — 00:20:58

“My personal experience: Anthropic is way better than GPT-4. Like, all these errors — I didn’t have them before; it was cleaner, it had the right dependencies. For some reason ChatGPT forgot how to code.” — 00:54:43

“Most people have no clue what AI can do… I have this like dystopian view at the same time, very optimistic view as well. I think it’s going to get worse before it gets better, because there’s going to be quite a lot of damage… when things get worse, regulation comes in… and I’m praying that it happens at a pace where the people that want to stop us can’t keep up.” — 00:35:34

“Railroads did not die because airplanes came or motorways came… railroads died because they got overly corrupt and regulated as a result, and that led to the death of a whole industry. And that’s the reason why we have railroads in Asia and Europe but we don’t have railroads anymore in America.” — 00:19:48

“Underrated.” — 00:30:20

“It’s going to be semiconductor dollar, it’s going to be energy dollar… whoever owns semiconductors will own the economy.” — 00:28:09

“The need for computation, especially for AI, is growing at the rate of half an order of magnitude every year. Today it is predicted by 2030 about 5% of global GDP will be spent on AI.” — 00:13:09

“There’s going to be, of course, classism, where people that know how to use AI are going to out-[compete] people that don’t use AI. So then people that don’t know how to use AI will have no other option [but] to use AI… like back in the day, [the] internet was the same thing.” — 00:52:57

“I think there’s going to be a very fascinating East AI and West AI. I’m obviously bullish [on] West AI because we’re more free people in general — I think freedom in thought is very important for innovation. West innovates, China replicates, and Europe regulates.” — 00:51:32

“It’s not regulating AI that’s important — it’s regulating what AI produces that matters… if you start banning producing images then you’ve got to ban art, then you’ve got to ban paintbrushes. It’s just a better paintbrush. So the best regulation is no regulation for AI, in my opinion.” — 00:14:30

“AI literally unlocks so much human potential that was locked away because of information asymmetry. So I think a lot of the [things] that we thought historically were far away are going to be proven wrong. You’re going to see future in the next five years… humanity is going to reach type one civilization [in] 50 years with the rate we’re going.” — 00:58:56

“The challenge today is for LLM developers to deploy an LLM and use an LLM that is large, like a Llama 3.1 405B, takes about 6 hours. It’s extremely expensive… it costs about $30 per hour… so we have a new product that’s going to significantly reduce the cost and the time it takes to run LLMs, so that way you’ll be able to attract your traditional web2 developers, and Akash will be one of the most attractive products not only in web3 but also web2.” — 00:16:39

“Oh, it’s coming soon. We’re working with MIT professors to quantum-proof Akash… It’s very, very close now. I would say like next three years.” — 00:58:11

“AI is a technology that buys you time. It’s not something that is going to replace human beings, but it lets humans do things that were previously not possible. Like me — as a CEO I run a company but I don’t have time to code, but now I have time to code because AI lets me write code really fast.” — 00:02:56

“Our quarterly earnings this year for Q3, last quarter, was 1,700% compared to a year before. That is 17x growth. That is a whole order of magnitude… that’s really my north star. Like, we got to grow 10x every year.” — 00:19:48

“There’s no stopping of this technology, this is unstoppable… [The US] has to move out of people’s way… and remove all the export controls… if we didn’t have export controls, DeepSeek wouldn’t exist.” — 00:46:22

“There historically hasn’t been a single success story… that’s overfunded, that actually innovated… Solana is a classic story, Ethereum is a classic story… most successful teams always have significantly lower funding because… once you have money you have distractions.” — 00:02:54

“If I were to do it today, I would most likely do it as Solana or one of these shared-state chain systems… when you do sovereign, yes, you have the benefits of control, but if you ask yourself deeply, do you really need that control in the early stages?” — 00:12:22

“They’re going to have their own ChatGPT moment in the next three months — they’re very very close, they did release a paper… It’s my prediction now: I think AI is going to have its web-three moment very very soon.” — 00:46:23

“We’re seeing quite a lot of AI projects in crypto popping up and getting listed and getting a lot of attention. Be aware of any of these — anything that has a GPT in the title generally is a scam… none of them have open source software. They’re all closed, they’re all mostly OpenAI API wrappers.” — 00:17:17

“Now the question is how do you create a truly open source software and give everything out, you know, like all the features, capabilities, and somehow capture value and sustain? That’s where tokenized open-source software comes into play — I think is a much superior model than traditional software.” — 00:15:50

“AI is an evolutionary step for humanity. And I think, you know, in 100 years, I definitely can see a birth of a new species that’s augmenting AI and humans.” — 00:04:12

“If you think AI is going to be the most transformative technology in our generation, which I believe it is — I believe about 100 years from now people will look back at this era and… think about, this is the era that defined human acceleration. I think we’re going to have a exponential growth, and humans are not good at visualizing exponential growth.” — 00:39:08

“Let’s build a cloud no one can shut down. Let’s build the intelligence layer of a free civilization… A type one civilization isn’t built on one warehouse or by one company. It’s born across a thousand rooftops and million racks and billions of watts all working in harmony… Let’s build an open planetary scale AI — resistant, renewable, and unstoppable… Let’s meet at Kardashev 1.” — 04:44:30

“The states can get into owning part of these data centers through bonds… issue municipal bonds… that can go build out data centers and give its citizens a way, or its treasury a way, to earn or get the upside from AI… nobody has focused on what happens underneath the chips: we need energy, we need the lines, our transmission infrastructure is aging.” — 04:53:12

“AI is no longer an emerging technology. It’s here and it’s becoming the bedrock of modern civilization… Soon, every major institution from hospitals to the military will integrate AI into their core operations.” — 00:00:01

“Their DeepSeek model R1 rivals top tier US models… If DeepSeek is any indication of China’s momentum, we are far behind them. It won’t matter who leads in algorithms if the US keeps treating infrastructure as an afterthought, because we’re on track to lose the platform war.” — 00:01:28

“If you look at AI, it is a substrate of civilization. There are very few substrates that we have historically. We had electricity as a substrate. We had water as a substrate… So the foundational technology is not a feature. There’s no technology or no area in humanity that AI will not touch.” — 00:02:29

“I guarantee you, the state at which AI is right now, it cannot replace a human being. Not even close… AI once trained cannot learn continuously… but a human being will be replaced by someone that knows how to use AI, for sure.” — 01:36:43

“People that know how to use AI are going to disrupt people that don’t use AI, hands down. We have an active policy in the company… if you don’t do it by X amount of time, you’re going to be replaced, and we’re very public about it… I think that’s going to be standard across different companies.” — 01:43:51

“Cardashev level one civilization is a civilization that figured out how to capture all sources of energy on the home planet… We’re currently at 0.7 level… In my lifetime, I’d like to see us go towards a type one at least. That would be my dream and that’s something I want to work towards.” — 00:52:29

“The founders of Cosmos [aren’t] active anymore, and when you don’t have the founder mode, the fire usually dies. Very rarely you can see an example — I think the only example I can think of where the founder is not present is probably Satoshi in Bitcoin… You can have the founders retire or go when you have a level of maturity, and Cosmos doesn’t have the level of maturity for the founders to go silent.” — 00:10:44

“It’s been thriving. I think we have 10x revenue in the last year and we are growing pretty aggressively… we’re expanding to virtual machines and even bare metal… I think we’ll be one of the first ones to do that for a decentralized network.” — 00:34:38

“I think just the identity — if you identify yourself as a programmer, your job is at risk… the people that identify themselves as ‘I’m a full stack, I’m a back end’ — no, those are going to be gone. There’s zero margin[al] value in that skill anymore.” — 03:22:16

“We’re processing about 100 billion tokens a month. I think we do more tokens on OpenRouter than Cloudflare and whatnot, which is pretty decent volume — and nobody that uses AkashML knows we’re using crypto on the underneath rails.” — 00:38:22

“I think by 2030 we are going to see a very different world than we have today… dollar is going to get weaker… resources are going to get more scarce… because people can do more with less… people that have the means are going to consume a lot more resources compared to people that have no access to AI.” — 00:56:33

“I think we’re just going to do a lot more but less people were employed. I think overall output will be significantly higher… in like 5 years there’s going to be at least a two-digit growth in GDP because of AI. I really believe that… the wealthy is going to get wealthier.” — 00:58:45

“We lost such major deals because we mandated crypto purchases… it’s a very big company and everybody knows this company. We forced them to buy AKT… the finance department was very unhappy with owning crypto… we eventually lost the deal because of crypto. So if you’re trying to sell to anyone decent in AI, don’t do crypto. Trust me, it doesn’t work. And I think trying to force crypto on AI people was our biggest mistake we made.” — 00:39:47

“If you’re identifying yourself as a front-end developer or a back-end developer… you’ll be out of a job in two, three years. I mean, I’m very serious about this. But if you identify yourself as a builder… those people are going to be successful.” — 00:52:58