WEBVTT 1 00:00:00.120 --> 00:00:04.040 Right now, there was Bitcoin, which is slow as balls, 2 00:00:04.400 --> 00:00:07.360 then if the Ethereum, which was still sort of slow 3 00:00:07.440 --> 00:00:10.480 but offered like the ability to become programmable, and then 4 00:00:10.519 --> 00:00:12.320 sort of moved on for there we got we got 5 00:00:12.400 --> 00:00:16.559 l twos to go solve the etherium like transaction speed problem. 6 00:00:16.839 --> 00:00:20.000 And then we have all kinds of novel novel systems 7 00:00:20.039 --> 00:00:23.839 which are less and less decentralized, but more and more practical. 8 00:00:24.000 --> 00:00:31.440 So this episode is brought to you by Treasure. Treasure 9 00:00:31.480 --> 00:00:34.960 makes beautifully crafted hardware wallets that make it easy for 10 00:00:35.079 --> 00:00:38.719 you to safely store your cryptocurrencies. I'm a big believer 11 00:00:38.759 --> 00:00:41.960 in self custody. I've been using hardware wallets for years 12 00:00:42.280 --> 00:00:45.880 and Treasure was the pioneer of hardware wallets and they 13 00:00:45.960 --> 00:00:49.159 started this journey in twenty thirteen. Their hardware wallets are 14 00:00:49.200 --> 00:00:52.960 open source and they support a variety of tokens from 15 00:00:53.119 --> 00:00:55.840 Bitcoin to the top all coins and even new coins 16 00:00:55.840 --> 00:00:58.920 such as black Rocks, Biddle and I'm personally a user 17 00:00:59.039 --> 00:01:02.200 of the Treasure say. It's a beautiful device and easy 18 00:01:02.240 --> 00:01:06.359 to use, and Treasure offers a handholding service where they 19 00:01:06.359 --> 00:01:08.599 can help you on board and set up your device 20 00:01:08.959 --> 00:01:12.200 so you can speak directly to a Treasure representative who 21 00:01:12.200 --> 00:01:14.879 can hold your hand through the process. And if you 22 00:01:15.040 --> 00:01:18.439 use the code thinking Crypto all one word, you can 23 00:01:18.439 --> 00:01:21.560 get five percent off your purchase of a Treasure device. 24 00:01:21.879 --> 00:01:24.079 So to learn more about Treasure and all their great 25 00:01:24.120 --> 00:01:28.480 devices and services, visit the link in the description. Hey, folks, 26 00:01:28.519 --> 00:01:31.840 welcome into the Thinking Crypto podcast. I'm your host, Tony Edward, 27 00:01:31.879 --> 00:01:34.200 and joining me today is Bailly Wang, who's the co 28 00:01:34.280 --> 00:01:38.079 founder and CEO of Prisma X. Billy, great to have you. 29 00:01:38.760 --> 00:01:40.319 It's pleasure to pleasure to be here. 30 00:01:41.040 --> 00:01:44.040 Yeah, Bailly, I'm really excited to speak with you and 31 00:01:45.000 --> 00:01:46.959 learn about what you and the folks at Prisma X 32 00:01:46.959 --> 00:01:50.079 are doing with robotics and AI, and of course there's 33 00:01:50.120 --> 00:01:53.159 the convergence with blockchain and crypto. But let's kick it 34 00:01:53.200 --> 00:01:55.519 off with your background. Tell us about yourself, your time 35 00:01:55.560 --> 00:01:58.280 at MIT, and your professional background as well. 36 00:01:58.920 --> 00:02:01.760 Yeah, yeah, so, i I've been a founder on my life. 37 00:02:01.799 --> 00:02:04.760 I was a robotics research at MIT for a long time. 38 00:02:05.159 --> 00:02:07.879 I worked on a robot called the MIT Mini Cheetah, 39 00:02:08.199 --> 00:02:11.039 and the Mini Cheetah was very influential in the industry 40 00:02:11.120 --> 00:02:13.319 because it got the cost of the hardware down about 41 00:02:13.319 --> 00:02:16.080 one hundred x and really enabled people to do things 42 00:02:16.080 --> 00:02:19.599 like focus on applications and use cases and software. But 43 00:02:19.639 --> 00:02:23.360 when push came to shove, there wasn't really enough automation 44 00:02:23.479 --> 00:02:25.960 to make the robots do anything useful at the time, 45 00:02:26.199 --> 00:02:29.639 so that project was retired. The researchers left, went and worked, 46 00:02:29.840 --> 00:02:33.080 went and worked at other companies. So ultimately, that's what 47 00:02:33.120 --> 00:02:35.639 we want to solve. We want to at prism X. 48 00:02:35.639 --> 00:02:38.280 We want to give these machines the intelligence they need 49 00:02:38.360 --> 00:02:40.479 to be able to interact with the real world to 50 00:02:40.479 --> 00:02:44.360 be able to complete real tasks, and we think that 51 00:02:44.439 --> 00:02:46.840 crypto and blockchain are a great way to coordinate the 52 00:02:46.879 --> 00:02:50.520 tasks that need to happen to make this takeoff. I've 53 00:02:50.560 --> 00:02:54.159 also been involved in blockchain for quite some time now, 54 00:02:54.280 --> 00:02:57.199 since I mined my dollar bitcoins back in the early 55 00:02:57.240 --> 00:02:59.800 twenty tens. I was one of those guys who went 56 00:02:59.840 --> 00:03:02.719 to spent ten bitcoins on a pizza and felt really 57 00:03:02.800 --> 00:03:05.879 happy about it because it was it was free money, right. 58 00:03:05.919 --> 00:03:08.919 We used that Mitax electricity the mind bitcoins and used 59 00:03:08.919 --> 00:03:11.319 the bitcoins to buy lunch. Felt great when we were 60 00:03:11.319 --> 00:03:14.759 poor undergrads. Now that those pizzas are worth a million dollars. 61 00:03:14.800 --> 00:03:18.319 It's maybe a little a little less great, but that's 62 00:03:18.400 --> 00:03:21.520 that's that's that's why I've enjoyed crypto. Like through it 63 00:03:21.560 --> 00:03:25.599 all the narratives have shifted, the industry has changed a lot. 64 00:03:25.639 --> 00:03:28.639 We've seen everything from selling plots of land in the 65 00:03:28.639 --> 00:03:33.560 metaverse to decentralized lending systems to and everything in between. 66 00:03:33.879 --> 00:03:37.120 And the one thing that's remained constant is that crypto 67 00:03:37.159 --> 00:03:39.840 has the ability to captivate and engage a million people 68 00:03:39.879 --> 00:03:43.960 and something completely new, very very very quickly, like literally 69 00:03:44.039 --> 00:03:46.960 literally overnight, over over over a week. You could have 70 00:03:47.000 --> 00:03:49.400 a million people be excited about what you're doing. And 71 00:03:49.439 --> 00:03:53.039 I think that's really important for emerging frontier technology like robotics, 72 00:03:53.280 --> 00:03:55.879 where we do need new ways of working with things. 73 00:03:55.919 --> 00:03:59.080 We do need new types of jobs, new types of interactions, 74 00:03:59.120 --> 00:04:01.199 and crypto is a way to get these people engaged 75 00:04:01.280 --> 00:04:02.599 and to coordinate what they're doing. 76 00:04:03.639 --> 00:04:06.479 Billy, that's amazing that you were mining bitcoins so early 77 00:04:07.240 --> 00:04:10.439 at a dollar, that's incredible. Were you part of the 78 00:04:10.560 --> 00:04:13.199 MIT Crypto Club, I know they had formed that over 79 00:04:13.240 --> 00:04:13.639 the years. 80 00:04:14.039 --> 00:04:16.040 Yeah, yeah, I was part. I was part of the 81 00:04:16.079 --> 00:04:19.000 original community. I saw the first rise of bitcoin to 82 00:04:19.040 --> 00:04:23.000 thirteen hundred dollars a coin hundred thousand dollars. Bitcoins were 83 00:04:23.040 --> 00:04:25.040 a pipe tream back then. We laughed about it, but 84 00:04:25.040 --> 00:04:27.360 no one thought it could happen. We were part of 85 00:04:27.399 --> 00:04:29.560 this thing called the Experiment where we gave a third 86 00:04:29.560 --> 00:04:33.560 of a bitcoin to every MIT undergrad. When this price 87 00:04:33.639 --> 00:04:35.720 is slumped, we wanted to inject some life back into 88 00:04:35.720 --> 00:04:38.399 the ecosystem and see whether we could get any applications 89 00:04:38.439 --> 00:04:39.120 coming out of it. 90 00:04:40.399 --> 00:04:43.120 Wow, this is going to sound like a weird question, 91 00:04:43.199 --> 00:04:44.759 and there's a lot of people who hate this guy. 92 00:04:44.800 --> 00:04:48.560 But Gary Ganser, former SEC chairman, he was teaching at MIT, 93 00:04:48.839 --> 00:04:51.399 I believe around twenty eighteen. Were you there? Did you 94 00:04:51.439 --> 00:04:53.240 attend any of his courses by any chance? 95 00:04:54.160 --> 00:04:56.879 I was not there. I was in eighteen. I was 96 00:04:56.920 --> 00:04:59.399 still in Cambridge, but I was more on the robotic 97 00:04:59.399 --> 00:05:00.199 side of that point. Point. 98 00:05:01.000 --> 00:05:03.360 Got it okay? I had to ask because that's a 99 00:05:03.399 --> 00:05:06.399 big controversial time, you know, against her in the last 100 00:05:06.480 --> 00:05:09.360 under Biden. You know, they had attacked crypto and at 101 00:05:09.439 --> 00:05:12.000 one point he was teaching about it at MIT. So 102 00:05:12.879 --> 00:05:15.120 it's just a weird change that took place. But I 103 00:05:15.120 --> 00:05:16.480 guess it was all politically driven. 104 00:05:17.120 --> 00:05:18.319 Politics is a weird thing. 105 00:05:20.360 --> 00:05:22.720 So Billy, you know, I really want to get your 106 00:05:22.720 --> 00:05:27.040 perspective as an entrepreneur and a builder on kind of 107 00:05:27.040 --> 00:05:31.560 the future economy. Right, you have all these technologies converging, AI, robotics, 108 00:05:32.360 --> 00:05:37.639 E V space exploration is booming, you have crypto and blockchain, 109 00:05:38.000 --> 00:05:40.399 and it seems like this is an industrial revolution that 110 00:05:40.439 --> 00:05:44.199 we're part of the fourth and these technologies are converting 111 00:05:44.279 --> 00:05:46.959 and they kind of have a symbiotic relationship where you know, 112 00:05:47.000 --> 00:05:51.639 as you mentioned, like I don't foresee robots transacting in cash, 113 00:05:51.720 --> 00:05:54.079 but maybe with stable coins in there, and they're running 114 00:05:54.120 --> 00:05:57.680 on blockchain networks to power the data that they need. 115 00:05:58.160 --> 00:06:00.879 Yeah, yeah, I think you put it right. It's a 116 00:06:00.920 --> 00:06:04.839 new industrial revolution. And with these revolutions, they're not bad. 117 00:06:04.879 --> 00:06:07.399 They don't displace people, but they make people change what 118 00:06:07.439 --> 00:06:10.279 they do and how they work, and I think that's 119 00:06:10.319 --> 00:06:12.680 important for robotics. One of the core beliefs we have 120 00:06:12.759 --> 00:06:15.680 at Chrisma X is that in the future economy, people 121 00:06:15.720 --> 00:06:19.879 will work new roles alongside of robots rather than being 122 00:06:19.920 --> 00:06:22.920 displaced by the robots. There's clearly things humans are good at, 123 00:06:23.000 --> 00:06:24.800 Like we have a lot of experiences we can be 124 00:06:24.839 --> 00:06:28.319 responsible for own actions. We are really good at this 125 00:06:28.439 --> 00:06:33.000 sort of external environmental perception and decision making that's really 126 00:06:33.079 --> 00:06:36.800 hard for computers to do. But ultimately the robots are 127 00:06:36.800 --> 00:06:39.079 also great because it means that these people no longer 128 00:06:39.120 --> 00:06:43.199 have to be in dangerous positions lifting heavy objects. They 129 00:06:43.199 --> 00:06:45.600 can do what they're actually good at, which is sit 130 00:06:45.680 --> 00:06:48.360 in the control making controlling the robots and making sure 131 00:06:48.399 --> 00:06:51.839 the robots are behaving properly. And these machines, which are 132 00:06:51.920 --> 00:06:54.519 you know, they're good at outputting high amounts of force 133 00:06:54.560 --> 00:06:56.680 and working twenty four to seven. They're the ones who 134 00:06:56.680 --> 00:06:59.120 are out in the field actually doing the physical labor, 135 00:06:59.399 --> 00:07:01.439 and we see that as a really good relationship, like 136 00:07:01.439 --> 00:07:04.000 it's it's it's very positive, right, Like no one actually 137 00:07:04.040 --> 00:07:08.399 says I enjoy cleaning sewers or hammering nails into two 138 00:07:08.439 --> 00:07:11.040 by fours. But if you can make the same amount 139 00:07:11.079 --> 00:07:13.920 of money or even more money controlling five robots that 140 00:07:13.959 --> 00:07:16.079 are doing the same thing, that's a that's a huge 141 00:07:16.120 --> 00:07:16.879 wen for everyone. 142 00:07:17.560 --> 00:07:21.240 And to your yeah, continue, I didn't mean to interest you. 143 00:07:21.360 --> 00:07:23.720 Yeah, And to you to your point, I think that's 144 00:07:23.800 --> 00:07:28.439 where that that's similar for things like blockchain, where we 145 00:07:28.519 --> 00:07:31.079 are sort of at the cusp of a transition in 146 00:07:31.120 --> 00:07:35.000 financial systems where because information is more freely accessible, being 147 00:07:35.079 --> 00:07:38.279 able to have more decentralized financial systems is now a 148 00:07:38.319 --> 00:07:42.079 possibility and can be done safely and safely and reliably 149 00:07:42.160 --> 00:07:44.600 right like there were like there were problems like one 150 00:07:44.639 --> 00:07:47.160 hundred years ago where like you, you just didn't have 151 00:07:47.199 --> 00:07:51.079 access to enough information to be able to make decisions intelligently. 152 00:07:51.439 --> 00:07:53.920 But now with the blockchain, with everything be one hundred 153 00:07:53.920 --> 00:07:57.160 percent transparent, with the Internet, with data analytics tools, it's 154 00:07:57.240 --> 00:08:00.639 become a lot better. And I think that the machine 155 00:08:00.680 --> 00:08:04.399 transactions to are a really interesting aspect. There's clearly a 156 00:08:04.519 --> 00:08:07.600 space for machines to be able to rent time on 157 00:08:07.680 --> 00:08:11.279 other machines to complete more fleet oriented tasks, and that 158 00:08:11.319 --> 00:08:14.399 can only happen through blockchain. I don't think the traditional 159 00:08:14.439 --> 00:08:17.560 financial system is going to allow that kind of computerized 160 00:08:17.560 --> 00:08:21.800 transaction into the system. It's just their risk profile on 161 00:08:21.839 --> 00:08:24.279 how they make money is not aligned with what the 162 00:08:24.319 --> 00:08:27.839 system needs right now, which is speed and transparency and 163 00:08:28.160 --> 00:08:29.120 all that kind of stuff. 164 00:08:30.319 --> 00:08:33.399 And also is there this safety component that Look, you 165 00:08:33.440 --> 00:08:35.440 have these robots, they're going to be powered by a 166 00:08:35.480 --> 00:08:38.799 network where data is coming in and look, we've seen 167 00:08:38.799 --> 00:08:41.799 the dystopian movies, right with the dystopian scenario of these 168 00:08:41.879 --> 00:08:46.919 robots being taken control of. But blockchain and encrypted network 169 00:08:47.039 --> 00:08:51.759 using cryptography immutable and all these things, could that help 170 00:08:51.799 --> 00:08:54.440 police the network, so to speA, because you're building on 171 00:08:55.200 --> 00:08:58.360 a better infrastructure versus Web two infrastructure. 172 00:08:59.240 --> 00:09:02.639 I think it's more that the actual humans that control 173 00:09:02.679 --> 00:09:05.720 the blockchain are much more diffused than with a centralized 174 00:09:05.759 --> 00:09:09.240 Web two infrastructure, so you can't have a single bad 175 00:09:09.279 --> 00:09:13.080 actor make a bad decision. Right. The whole point of 176 00:09:13.080 --> 00:09:16.440 blockchain is that it's unless fifty one percent of the 177 00:09:16.600 --> 00:09:19.240 entire community believes that an action should be done, the 178 00:09:19.360 --> 00:09:22.200 chain should reject that state. And I think that's really 179 00:09:22.240 --> 00:09:25.159 important because it means rather than you could imagine a 180 00:09:25.200 --> 00:09:28.120 dystopian future, like the typical dystopian future is like the 181 00:09:28.159 --> 00:09:31.480 CEO of some evil ABC Mega corporation decides to go 182 00:09:31.600 --> 00:09:34.080 bad and commands all of his lackeys to go bad, 183 00:09:34.080 --> 00:09:36.519 and there's like a wash and effect down the line. 184 00:09:36.720 --> 00:09:40.000 But it's much harder to attack with a decentralized system, 185 00:09:40.039 --> 00:09:44.039 where even for like a modern stake based validation system, 186 00:09:44.080 --> 00:09:46.840 you still have thousands of validators that all have to 187 00:09:47.200 --> 00:09:51.360 form a consensus and convincing every fifty one percent of 188 00:09:51.399 --> 00:09:55.240 those to follow your plans is very challenging, right that 189 00:09:55.240 --> 00:09:58.879 that's the whole underpinning behind modern networks. 190 00:09:59.440 --> 00:10:02.519 Yeah, and you know, I personally don't view the world 191 00:10:02.639 --> 00:10:06.360 as this dystopian thing terminator I robot. I viewed more 192 00:10:06.399 --> 00:10:08.360 as the Jetsons. Like you said, there's going to be 193 00:10:08.399 --> 00:10:11.840 bad actors that has existed throughout time, right and will 194 00:10:11.879 --> 00:10:16.840 continue because humans will be humans. But if my grandma 195 00:10:17.000 --> 00:10:19.519 could be helped by a robot where it's monitoring, doing 196 00:10:19.559 --> 00:10:22.919 the heavy lifting, if dangerous jobs are done by robots, 197 00:10:23.279 --> 00:10:25.759 and it can even free me up in my daily 198 00:10:25.799 --> 00:10:28.559 life to do things I want to do versus Okay, 199 00:10:28.559 --> 00:10:30.320 I don't need to go mow the grass, the robot 200 00:10:30.360 --> 00:10:32.679 can do it, or you know, as a simple example, 201 00:10:33.600 --> 00:10:35.399 it just seems like it's going to open up more 202 00:10:35.440 --> 00:10:38.759 opportunities for us to do the things we love, right right. 203 00:10:38.799 --> 00:10:41.840 I think the terminator scenario was one that was unfortunately 204 00:10:41.919 --> 00:10:46.320 popularized like three decades ago by media that did media, 205 00:10:46.399 --> 00:10:49.039 a media that didn't quite understand the technology and be 206 00:10:49.440 --> 00:10:53.480 technology that didn't quite understand itself at the time either, 207 00:10:53.519 --> 00:10:56.279 like robotics was mostly a pipe tream thirty years ago 208 00:10:56.320 --> 00:10:59.679 when Terminator came out right, So I don't really see 209 00:10:59.720 --> 00:11:02.159 for variety of reasons, I don't really see robots as 210 00:11:02.159 --> 00:11:04.639 being a physical safety hazard, not the least of this 211 00:11:04.759 --> 00:11:07.519 there there. It's actually very easy to stop a robot, 212 00:11:08.480 --> 00:11:11.240 especially like a modern dynamic humanoid robot, where if you 213 00:11:11.320 --> 00:11:14.960 cut the power, it just falls over. Uh, It's not 214 00:11:15.000 --> 00:11:17.279 like it would be a different scenario. I think if 215 00:11:17.279 --> 00:11:20.960 we were deploying like huge autonomous for cliffs rolling rolling 216 00:11:21.000 --> 00:11:23.919 around to go move things around there there, you would 217 00:11:23.960 --> 00:11:26.159 have a real real safety issue if there was a 218 00:11:26.559 --> 00:11:29.080 if there was like a security problem. But I think 219 00:11:29.120 --> 00:11:34.240 with modern, modern compliant robotics it's much less of an issue. 220 00:11:34.440 --> 00:11:36.320 Now. Before we continue a conversation, I want to make 221 00:11:36.320 --> 00:11:39.200 sure folks know what Prisma X is. Get give us 222 00:11:39.200 --> 00:11:40.759 the overview to history and your mission. 223 00:11:41.639 --> 00:11:45.480 Yeah. So our our our sort of long term vision 224 00:11:45.639 --> 00:11:48.519 is to drive mainstream adoption of robotics by helping the 225 00:11:48.559 --> 00:11:51.240 industry scale the things that has a lot of trouble 226 00:11:51.240 --> 00:11:54.320 scaling right now. More specifically, that means right now we 227 00:11:54.399 --> 00:11:58.559 provide things like a unified platform for robot taler operation, 228 00:11:58.759 --> 00:12:01.600 mostly focused on data collects right now, but potentially real 229 00:12:01.639 --> 00:12:06.480 world stuff as well, scalable data filters for vision for 230 00:12:06.720 --> 00:12:10.879 vision data collection, and things like guild ownership of robotics 231 00:12:10.879 --> 00:12:14.360 which will help the hardware side of the pictures scale. Ultimately, 232 00:12:14.399 --> 00:12:17.279 we see Prisma access backing a lot of the man 233 00:12:17.399 --> 00:12:20.759 machine interactions in the future, where you would go through 234 00:12:20.759 --> 00:12:23.879 things like remotely operate robots to complete tasks, be the 235 00:12:23.879 --> 00:12:27.000 guy who ensures that the robots are safe, coordinating a 236 00:12:27.000 --> 00:12:33.120 lot of the ownership, leasing, access mech mechanics behind robotics. 237 00:12:34.440 --> 00:12:37.679 Interesting. So, you know, we talked a bit earlier about 238 00:12:38.480 --> 00:12:41.399 certain jobs being taken out by robots that maybe are 239 00:12:41.440 --> 00:12:43.639 more dangerous to human beings and they can work around 240 00:12:43.679 --> 00:12:46.320 the clock. But do you see new jobs being created 241 00:12:46.320 --> 00:12:48.960 where people are going to have to fix these robots. 242 00:12:49.320 --> 00:12:53.440 There's a financialization, the leasing, the buying, and all that jazz. 243 00:12:54.720 --> 00:12:56.759 What do you see as far as jobs being created 244 00:12:56.840 --> 00:12:58.200 out of the robot industry. 245 00:12:58.919 --> 00:13:02.919 I think like the actual hardware maintenance will be no 246 00:13:03.120 --> 00:13:06.399 different than existing equipment leasing, but there's going to be 247 00:13:06.480 --> 00:13:08.519 a lot more of it. It's going to exist at 248 00:13:08.519 --> 00:13:12.519 a too orders of magnitude higher scale than existing leasable equipment, 249 00:13:12.840 --> 00:13:15.320 which is going to require the creation of new structures 250 00:13:15.320 --> 00:13:18.600 in order to manage these things. Right, you can go 251 00:13:18.720 --> 00:13:21.440 manage a million bulldozers, but one hundred million robots is 252 00:13:21.480 --> 00:13:24.919 a whole different picture. Beyond that, the real position we 253 00:13:25.039 --> 00:13:28.799 see being created is this idea of the human behind 254 00:13:28.840 --> 00:13:31.519 the robot who drives the machine, but he doesn't have 255 00:13:31.559 --> 00:13:33.519 to drive the machine one hundred percent of the time. 256 00:13:33.559 --> 00:13:36.399 The robot drives itself ninety percent of the time, but 257 00:13:36.480 --> 00:13:38.879 ten percent of the time someone needs to come in 258 00:13:38.879 --> 00:13:40.720 and make sure that the robot's doing its job or 259 00:13:40.720 --> 00:13:43.519 do a spot check. And if you do the math, 260 00:13:43.879 --> 00:13:46.440 if there's a billion robots or even one hundred million robots, 261 00:13:46.480 --> 00:13:50.039 we're talking millions to tens of millions of positions being created. 262 00:13:50.399 --> 00:13:53.080 And ultimately we think that's where a lot of the 263 00:13:53.200 --> 00:13:56.600 existing sort of like gig worker demographic. I would say, 264 00:13:56.639 --> 00:13:59.200 like people who right now make money doing repetitive tasks 265 00:13:59.399 --> 00:14:02.919 will eventually be able to occupy themselves. And it's a 266 00:14:03.240 --> 00:14:06.360 much better use of humans as well, because, as I 267 00:14:06.399 --> 00:14:09.759 said earlier, people are good at making decisions and learning 268 00:14:09.799 --> 00:14:13.159 about the environment. People are actually quite bad at doing 269 00:14:13.240 --> 00:14:16.639 things like lifting heavy items. Like we're not built for 270 00:14:16.679 --> 00:14:17.399 that kind of work. 271 00:14:18.399 --> 00:14:21.240 Yeah, and it seems like we're in this transition period 272 00:14:21.240 --> 00:14:24.320 away from that, right and the old Industrial Revolution, the 273 00:14:24.559 --> 00:14:26.879 old way of doing things, and look, we needed to 274 00:14:26.919 --> 00:14:29.120 do it is what it is. We have to do 275 00:14:29.159 --> 00:14:32.639 it at that point because the technology wasn't there. But 276 00:14:33.200 --> 00:14:35.200 it's like this brave new world where you have AI 277 00:14:35.519 --> 00:14:39.080 as like this virtual assistant that give you knowledge point, 278 00:14:39.120 --> 00:14:41.720 you give you ideas, and then you have the physical 279 00:14:41.759 --> 00:14:44.759 component of the robots to help execute some of it, 280 00:14:45.200 --> 00:14:47.720 and you as a human being, you get freed up to, 281 00:14:48.159 --> 00:14:50.159 like I said, do more things that you love. Maybe 282 00:14:50.159 --> 00:14:52.559 I don't have to spend all day doing maintenance on 283 00:14:52.639 --> 00:14:55.480 my yard or my house or whatever it is. You know. 284 00:14:55.519 --> 00:14:58.000 I know it's a very simplistic example, but I can 285 00:14:58.000 --> 00:15:01.279 go fishing, or I can go work longer things like that. 286 00:15:01.559 --> 00:15:04.759 Yeah, I mean, I mean driving an analogy with existing 287 00:15:04.840 --> 00:15:07.639 gen AI. Right, there's like a lot of concern especially 288 00:15:08.600 --> 00:15:11.399 like AI content generation is going to displace a lot 289 00:15:11.399 --> 00:15:14.200 of jobs. But the top content creators are like really 290 00:15:14.279 --> 00:15:17.120 jumping on the AI because it means they can spend 291 00:15:17.159 --> 00:15:20.360 more time being creative and less time and money doing 292 00:15:20.399 --> 00:15:23.000 things like correcting the color and their videos or a 293 00:15:23.039 --> 00:15:25.679 masking out objects like it's a it's a powerful tool 294 00:15:25.720 --> 00:15:27.960 for people who right now are already ahead of the 295 00:15:28.000 --> 00:15:30.759 curve to do better. And what that means is that 296 00:15:30.600 --> 00:15:34.200 the whole curve gets pulled up right. You've displaced the bottom, 297 00:15:34.399 --> 00:15:36.799 and now in order to continue to compete, everyone has 298 00:15:36.840 --> 00:15:39.919 to move up and that ultimately, ultimately that makes people 299 00:15:40.120 --> 00:15:42.759 better at what they do. And it's happened in every 300 00:15:42.799 --> 00:15:47.440 industrial revolution. The first industrial industrial revolution took us from 301 00:15:48.159 --> 00:15:51.120 subsistence farming on like like planting corn and wheat, to 302 00:15:51.440 --> 00:15:55.639 manufacturing goods. Then sort of like the information revolution, move 303 00:15:55.720 --> 00:16:00.320 people away from doing small manual tasks into doing things 304 00:16:00.360 --> 00:16:03.120 like more service oriented things, and overall, like in the 305 00:16:03.159 --> 00:16:06.440 long run, that was like we look back on that happily, 306 00:16:06.919 --> 00:16:10.679 like we're everyone is very happy that ten percent of 307 00:16:10.679 --> 00:16:13.200 the population doesn't sit in a room for fourteen hours 308 00:16:13.279 --> 00:16:17.240 leading socks, which is just it was not a good world, right, 309 00:16:17.240 --> 00:16:20.080 Like everyone agrees that was a bad world, and we're 310 00:16:20.080 --> 00:16:21.399 happy to be out of it. And I think it's 311 00:16:21.399 --> 00:16:24.000 gonna be the same thing. You're not gonna have people 312 00:16:24.039 --> 00:16:27.159 going and like manually masking things out in photoshop or 313 00:16:27.360 --> 00:16:30.759 being robotics like like clipping burgers or mowing lawns, and 314 00:16:30.759 --> 00:16:32.600 they're gonna be going off and doing something new. 315 00:16:33.600 --> 00:16:36.559 Absolutely. And then when you throw into the mix the 316 00:16:36.600 --> 00:16:39.919 next frontier, so to speak, which is space. We see 317 00:16:40.200 --> 00:16:43.000 SpaceX and all these companies, right Virgin Collecting, So everybody's 318 00:16:43.039 --> 00:16:46.519 trying to build their best rockets do space flights. And 319 00:16:46.559 --> 00:16:49.480 then Elon's trying to colonize Mars. I can't imagine they're 320 00:16:49.480 --> 00:16:53.840 gonna send humans first. They're gonna send robots, right, Yeah. 321 00:16:53.759 --> 00:16:58.799 And that I think is a big hidden gem in robotics, 322 00:16:59.159 --> 00:17:03.000 having robots do things which are completely impossible for humans. 323 00:17:04.559 --> 00:17:06.920 There's like a whole lot of business considerations you have 324 00:17:06.960 --> 00:17:08.880 to think about, right, like what is the commercial value 325 00:17:08.880 --> 00:17:11.079 of being on Mars? How can we get to Mars? 326 00:17:11.559 --> 00:17:14.400 Launching the robot to Mars is very annoying, it's it's 327 00:17:14.519 --> 00:17:16.480 it's a lot of mass to put on Mars. But 328 00:17:16.519 --> 00:17:18.720 I think it's an active field and research which more 329 00:17:18.720 --> 00:17:20.200 companies should go explore. 330 00:17:21.680 --> 00:17:23.200 Yeah, I mean, and you don't even have to send 331 00:17:23.200 --> 00:17:26.039 a ton of robots. I mean you send three. That's 332 00:17:26.039 --> 00:17:30.160 still because they don't have to sleep or eat and breathe. 333 00:17:30.799 --> 00:17:34.200 That's it's probably the equivalent of what fifty human beings. 334 00:17:34.240 --> 00:17:36.759 I don't know, and you don't. You don't need spacesuits. 335 00:17:36.880 --> 00:17:39.599 They can grow more freely like a person in a 336 00:17:39.640 --> 00:17:45.680 spacesuit is not a very dexterous thing. Yeah, so the problem, 337 00:17:45.799 --> 00:17:48.039 the problem with robots on Mars has always been the 338 00:17:48.839 --> 00:17:51.440 few minutes of latency between the Earth and Mars. Like 339 00:17:51.480 --> 00:17:54.079 the speed of light is finite. So it's a little 340 00:17:54.079 --> 00:17:55.720 bit troublesome, and they're trying to figure out how to 341 00:17:55.759 --> 00:17:56.240 deal with that. 342 00:17:56.960 --> 00:18:02.599 Oh. Absolutely, Now tell us how Prisma X is executing 343 00:18:02.640 --> 00:18:05.440 on robotics. Are you do you actually are you building 344 00:18:05.440 --> 00:18:07.759 the actual physical robots? I saw on the website the 345 00:18:07.839 --> 00:18:09.920 fleet tell us a bit about that. 346 00:18:11.079 --> 00:18:14.880 Do not build physical robots beyond what's absolutely necessary to 347 00:18:14.960 --> 00:18:19.160 kickstart the platform. We partner with external robotics companies. Ultimately, 348 00:18:19.200 --> 00:18:22.960 one of our short term midterm visions is to drive 349 00:18:23.039 --> 00:18:26.319 a little bit more standardization in the robotics industry in 350 00:18:26.440 --> 00:18:29.279 order to make it easier to build applications. When you 351 00:18:29.440 --> 00:18:32.640 have three dozen different types of robot, each with their 352 00:18:32.680 --> 00:18:36.160 own quirks, it's hard to decide what to do. But 353 00:18:36.480 --> 00:18:39.839 by pushing the platform and the data and the operators 354 00:18:39.839 --> 00:18:42.400 to be skilled on a few embodiments which we think 355 00:18:42.400 --> 00:18:45.519 are we think are the best embodiments of that class. 356 00:18:45.799 --> 00:18:48.119 We can make things a little more efficient. So we 357 00:18:48.160 --> 00:18:50.640 do offer some robot access right now, and as the 358 00:18:50.680 --> 00:18:54.119 platform grows, there will be more access and more community 359 00:18:54.160 --> 00:18:56.720 owned robots which will be made available through the platform 360 00:18:57.000 --> 00:19:00.680 for everything from data collection to task completion. There's like, 361 00:19:00.839 --> 00:19:03.920 if you like in not too long, I think if 362 00:19:04.000 --> 00:19:06.400 you want a human oild robot to come mow your lawn, 363 00:19:06.640 --> 00:19:08.720 there will be potential to go on the platform and 364 00:19:08.759 --> 00:19:11.279 try to hire a humanoid and find an operator to 365 00:19:11.279 --> 00:19:13.880 mow your lawn. Whether the early platform, in the early 366 00:19:13.920 --> 00:19:16.240 hardware be efficient at actually getting a lawn mode is 367 00:19:16.519 --> 00:19:20.000 a different question, but it's it's right, it's a it's 368 00:19:20.039 --> 00:19:22.880 that's that's a nice thing about building something decentralized. The 369 00:19:22.920 --> 00:19:25.960 community gets to grow and discover what's valuable. Like we 370 00:19:26.039 --> 00:19:28.839 offer the tools to hire a robot, hire an operator 371 00:19:28.880 --> 00:19:31.599 and make them do things, and what you want to 372 00:19:31.599 --> 00:19:33.200 build on top of that is up to you. Like 373 00:19:33.240 --> 00:19:35.519 it could be anything from collect data to mow your 374 00:19:35.559 --> 00:19:38.480 lawn to who knows what else, put on a song, 375 00:19:38.640 --> 00:19:41.319 put put on a show, which is probably going to 376 00:19:41.359 --> 00:19:43.799 be actually a big use case. Or you go hire 377 00:19:43.799 --> 00:19:45.880 a humanoid to stand in front of your restaurant and 378 00:19:45.920 --> 00:19:48.319 like wave around like people will come either just look 379 00:19:48.319 --> 00:19:48.960 at the robot. 380 00:19:49.839 --> 00:19:52.440 Yeah, it's it's man like I said. A brave new 381 00:19:52.480 --> 00:19:57.839 world is so fascinating. It's exciting. Which blockchains or blockchain 382 00:19:57.920 --> 00:20:00.920 or blockchains are you using to power your network? 383 00:20:02.319 --> 00:20:04.839 It's still a bit TBD right now. We do a 384 00:20:04.880 --> 00:20:07.920 little bit of collaboration with some of the more prominent projects. 385 00:20:08.279 --> 00:20:10.880 The nice thing about the way the current ecosystem is 386 00:20:10.920 --> 00:20:13.480 set up is that you do have the potential to 387 00:20:14.000 --> 00:20:17.559 have different deployments of robots and different communities on different chains, 388 00:20:17.880 --> 00:20:21.160 depending on depending on where the communities are, what they're 389 00:20:21.160 --> 00:20:25.880 interested in, and then use technological means that tire reading together. 390 00:20:27.640 --> 00:20:31.079 And you know, I know the future is interoperable. We're 391 00:20:31.079 --> 00:20:33.240 seeing a lot of folks issue stable coins and doing 392 00:20:33.279 --> 00:20:36.480 different things on multichain right because you have these chains 393 00:20:36.519 --> 00:20:39.839 that maybe have different swim lanes, like an example be 394 00:20:39.880 --> 00:20:42.759 etherorem is more on the enterprise corporate level salon and 395 00:20:42.839 --> 00:20:46.839 more in the retail meme coin n FT level Bitcoin 396 00:20:46.880 --> 00:20:49.720 in its own lane, and you know some folks are 397 00:20:49.720 --> 00:20:54.039 targeting sports, the sports industry, so maybe it makes sense 398 00:20:54.079 --> 00:20:57.519 to be on multiple blockchains. Until you said targeting different communities. 399 00:20:58.400 --> 00:21:02.599 Yeahl L wonder ferentiation right now is a very interesting thing. 400 00:21:02.680 --> 00:21:06.279 Like I've seen the entire industry well before the concept 401 00:21:06.279 --> 00:21:08.880