This is an auto-transcription. Please excuse mistakes.

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Welcome to Challenging #ParadigmX. Does
distributed ledger technology like blockchain
have value besides the cryptocurrency hype.

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And if so, correct, potentially transform the economy.

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And how does mindset and imagination play into all of this?

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My guest today, Satya dash, she’s a digital economist
engineer and serial innovator who has worked in
multiple corporations Before becoming an advisor
and solution architect for business and technology
in the digital data economy, she enjoys finding
holistic solutions to complex challenges and to
represent two controversial points of view On topics.

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At the same time, I met Satya at the blockchain
conference where we were both speakers
and I found her angle on the technology.

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Very interesting.

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So, if you are interested in a different
perspective on a potential future economy
that is distributed ledger based, stay tuned.

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Hi, his today.

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I’m here with Satya Satya.

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It’s great to have you here.

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please introduce yourself.

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Who are you and what do you do?

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Thank you for inviting me to your podcast.

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It’s a big pleasure.

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Um, I’m Satya, I’m like digital economics and
an engineer who loves to innovate in their
digital assets and also being a digital strategy.

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As you can see, it’s a lot of digital world happening here.

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Okay.

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And, how did you come about to go into this direction?

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Why do you do what you do?

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So, uh, actually, um, my background is in harvest software
engineer and, uh, usually my whole work experience
was, um, just doing consulting or, uh, development.

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00:01:56,180 –> 00:02:03,380
But then in back in, uh, 2008, I had an experience
of finding what actually meant financial crisis.

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When you, when no one of the company who hired you.

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I, uh, fire Sue also because, uh, because of the economics.

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So back since then that day I learned,
okay, it’s not enough to have a job.

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You always have to be three steps ahead.

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So, and that gave me the cake when I was
a developer back in coach traffic com.

27
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Um, and we had an idle time, even though it’s a very stable
company, I think I just said, Hey, let me do something.

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You know, why wait for the next project?

29
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Uh, this, uh, let me do try to do something that
could be meaningful for the, for the company and
for the, uh, and for the, um, for the, uh, for the
customers, because I always have a triangle kind of, uh,
scenarios for most of the things, what I do in my life.

30
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So I always think if a company
does well, the customer’s happy.

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The employees are happy and the
stack whole stakeholders are happy.

32
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So as a developer, even though it was not my job and, uh,
I just took, uh, took an initiation to say, Hey, why not?

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I just improve the hardware of our company.

34
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Even though I was just back then just employed for
a GUI graphical user interface, just don’t do this
graphical, the UI user interface of the software.

35
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I just said, Hey, we could use the, uh, I could improve the
hardware, uh, which was a part of an ecosystem onboard unit.

36
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But coach was always in the onboard
unit where it tracks your tolling.

37
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Whenever you cross a tolling Plaza,
the Plaza recognize your car.

38
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It is because of the small onboard unit that is onboard
unit that is always attached to your car or your truck.

39
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And back then, I was thinking it’s almost 10 years.

40
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I say, Hey, why do the truck drivers and the car users have
to go to the, uh, uh, one place to personalize this unit?

41
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Why not?

42
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You can use back then the smartphone was coming.

43
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Hi, why don’t you use your, like, uh, your
smartphone with Bluetooth 4.0 back then it was
fancy to personalize, just sitting on the sofa.

44
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So that’s how I came.

45
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The, the idea was born smart, onboard unit.

46
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And, um, naturally it was not a, um, easy job
because no one had asked me it was not my job.

47
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And I was touching someone else’s steady story.

48
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But back then I was just wanting, I had this huge
idea, oh, I’ve never let this 2008 expense ever
happened to us as much as the employees and other try
to push so that we can get more additional revenue.

49
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That was the only intention, but the people.

50
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Differently.

51
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They said, who are you, Why
you’re trying to do this project?

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No one.

53
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And asked you stick to your boring, gooey.

54
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And I was under gooey was something, which was not
what I studied for, but I just took it because it must
have been the job I got after the financial crisis.

55
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So I was trying to do something which
involves everything and, um, yeah.

56
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And long story short.

57
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It took me on and one and a half years
since the idea inception was there.

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And until I got, uh, an opportunity to pitch
my idea to CEO from the company like , and
he’s just saying, Hey, it’s brilliant.

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Like, he just liked the idea.

60
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And I got the first funding for my brother.

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And I also try to do innovation on business model
innovation in no more product or business mode.

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And what it did is like I said, okay, And try to
imagine your car is not paying your toll automatically.

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You’re parking your McDonald’s driving, uh,
your gas, everything, and you’re just have to,
whenever the car passes, you just have to confirm
it if you want that payment to go through it.

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And, um, and the idea was called wallet on reels.

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And there’s this whole like,
uh, that was my second big area.

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And I also learned a lot about payment service.

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So like if you have a banking license and because I wanted
our company to be a payment service provider, so this
is a parallel kind of thing that was going in my head.

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I could see the reason why I pushed the whole idea,
because for me, transaction based business model, if you
aren’t from each drug injection, even if it’s little bit
you were on more than earning once a while, a chunk of.

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00:06:38,895 –> 00:06:53,295
So I was very clear if you make more transaction and
try to get some sort of 0.3 percentage from anywhere
from 0.3% to 3% is depending on which vertical you
are, you are able to add a lot for the company itself
because you are doing transaction based business model.

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So I really would like to ask you about, paradigms.

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I mean, you have very broad, skill sets
and, and know many different things.

72
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When it comes to innovation and technology economy, what
do you think are the paradigms that need to be challenged?

73
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Uh, with all the challenges that we do have at the moment?

74
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What do you think when you look, uh, into the future, from
your perspective, what is the things that you think, we need
to challenge for the next 10 years, or even beyond that?

75
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Centralized approach monopoly.

76
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This is what I think we need to
be more in the digital world.

77
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I think we need to be more decentralized and more
distributed, which is again, a definition of blockchain,
but I also believe one company earning all the
revenue will not make the mankind happier progress.

78
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If a prosperous, I believe if the a hundred
billion thing distributed 10,000, but a
hundred million people will make more.

79
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Ray has been to be more equally.

80
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And the society is a participation right now.

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There’s only producer and consumer.

82
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And we have to go from away from producer, one producer
and million consumer to have a hundred con con a
hundred million consumer, but a hundred million creator.

83
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It’s a more into create an economy, different kind of value.

84
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Each of us has a value.

85
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We have a value that’s variety.

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That’s the reason why we are here on this earth.

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So instead of like running into everyone
to the same value, but the competition is
like, everyone is trying to follow the same.

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Uh, like, uh, if you have a hundred million
followers or you’re Amazon, or you are Google.

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Like you are valuable in this con
economy or as you’re not, that?

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is not a very, uh, distributed and
decentralized value centric solution.

91
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If you and me and a third person, each of us
are creating value and we’re exchanging it.

92
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So it’s like live, live, live, and
thrive, thrive, thrive situation.

93
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It’s an R producer instead of producer and
consumer, we have to have a triangle nowadays.

94
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Hy-Vee one way or the triangle solution where
each node is connected with another two nodes.

95
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This is producing creator, distributor aggregator.

96
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Curation is lot of things.

97
00:09:42,174 –> 00:09:54,384
So I think as like most strategy approach to the place,
what we are, as you can see, pandemic was only the
people who are building it become more diminished.

98
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You that, that is what pandemic actually did to the people.

99
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The small businesses disappeared.

100
00:10:03,039 –> 00:10:13,599
The people who came into, who were able to thrive in
the digital world or had some money to hire freelancers,
to make something on them, they were able to thrive.

101
00:10:14,349 –> 00:10:16,899
So again, we are, um,

102
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this is not the way you can accommodate
7 billion, 7.7 billion people.

103
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Everyone wants to have family.

104
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Everyone wants to do everything.

105
00:10:26,139 –> 00:10:32,139
Then I asked you have to think what
kind of job and, and, and, uh, Um,

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the chef.

107
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Do you want an engagement?

108
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You want to give your child.

109
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And if you try to understand that, because, uh, if
you’re also creator like Spotify, the sad thing is
Spotify is not, not every artist is equality paid only
the, like, even if your song is played, if I listened
to your song, sadly Drake is getting that money.

110
00:10:56,689 –> 00:11:10,309
So it is not it’s the maximum, it’s like the cannot
just go to this, uh, this number based, uh, a number
based, uh, economy, the more number the bedroom.

111
00:11:10,429 –> 00:11:26,689
No, like I was reading a hundred million people like
in, uh, Switzerland has eight comma, eight percentage
of, uh, like per, like every, uh, like out of hundred
people in Switzerland, 8.8 people a millionaire.

112
00:11:27,529 –> 00:11:30,589
Can you imagine that crazy?

113
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And this is like in China, the ratios are up on one person.

114
00:11:36,474 –> 00:11:44,634
But if you see number of people, having more
than a hundred million people fosters a hundred
million year old is first as us, then it’s China.

115
00:11:44,634 –> 00:11:49,884
Then a Jew it’s like SS and what they want to do.

116
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They want to give it to, for the generation, for
the generation, for the generation, they will have
fewer pre-booked kids and more money accumulated.

117
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And the more money you’ll have, the
more money you can make out of it.

118
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And this great thing is when rich
people say, oh, we did it from nothing.

119
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I said, you don’t know what nothing is.

120
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Sometimes 400 Euro.

121
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If you could do it for me wrong.

122
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If I say I’m from nothing.

123
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When I know in India that people, people who couldn’t eat
anything, This is like, we have to be, I’m not saying let’s
go economic communist, Vanessa distributed, decentralized.

124
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It’s actually more intellectual.

125
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If you have more revenue and more value, if you get,
if your transit value between many points, you have
more revenue, more revenue, all of us will stay well.

126
00:12:38,005 –> 00:12:40,841
And all of us can build up by the pandemic.

127
00:12:40,841 –> 00:12:42,505
Is this like, Okay.

128
00:12:42,505 –> 00:12:50,932
It’s, it’s also, it’s like, um, um, it’s, uh, it’s
still very fear oriented economic at the moment.

129
00:12:52,587 –> 00:12:56,469
Uh, show off economy, agreed economy.

130
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We have to remove all the street economy and
let’s, let’s create value, which is authentically
value and doesn’t have to be attached to it.

131
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Okay.

132
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How many people liked it?

133
00:13:05,141 –> 00:13:06,014
Sort of, I like it.

134
00:13:07,546 –> 00:13:13,919
So essentially, if I understand you correctly,
you believe that the future, let’s say.

135
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more equal future for people for humanity
is, , on the blockchain based backbone society.

136
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Yes.

137
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I’ve is it blockchain or the different technology?

138
00:13:27,077 –> 00:13:31,547
It doesn’t have to be just like,
uh, D uh, uh, dag technology.

139
00:13:31,577 –> 00:13:39,287
It’s just not a blockchain, but still distributed
and decentralized any network that allows
you to be decentralized and distributed.

140
00:13:39,407 –> 00:13:43,487
I think that is the, even the
economy and even another mindset.

141
00:13:44,927 –> 00:13:46,517
I think the economy will not work.

142
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If the mindset is not there to value each other, to
recognize with one brain, I cannot produce everything.

143
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You need more.

144
00:13:57,297 –> 00:14:01,347
But you don’t have to tell the brain what
to think the brain can think on its own.

145
00:14:01,377 –> 00:14:08,637
That is what we are talking about in the
hierarchy of boss and everything, telling anyone
else, give them the freedom to do the thing.

146
00:14:08,937 –> 00:14:12,177
And the people who do want to do
the work, they will find the world.

147
00:14:12,927 –> 00:14:29,007
They will find their work, which will make them
happy if they are in the wrong place, but give
the space to want people who really wants to
make more meaningful value in society than just
earning money or earning state as a promotion.

148
00:14:29,774 –> 00:14:43,064
So do you think that a distributed technology kind
of does also interconnect people in a way that
more of their potential is being put into use?

149
00:14:43,514 –> 00:14:43,814
yes.

150
00:14:45,134 –> 00:14:45,434
Yes.

151
00:14:45,464 –> 00:14:57,194
For example, more of the laptops were used in like in the
back then when Bitcoin was mining more laptop, independent
people who have just lapped up to mine, they could mine it.

152
00:14:57,824 –> 00:15:15,524
Um, like right now, again, cryptocurrencies getting
again, grid is entering a lot of fears entering formers
entering, but the pure intention was back then really
intended is to transmit value peer to peer digital cash.

153
00:15:15,944 –> 00:15:17,534
Just stick to the Anat Bolivia.

154
00:15:17,654 –> 00:15:22,814
We even make an amazing future for
the present And the future generally.

155
00:15:24,331 –> 00:15:29,237
And do you think that, the cryptocurrency
hype, that has, taken off again recently?

156
00:15:29,237 –> 00:15:37,243
but, uh, you already had in 2017 and now we had it since
last year, starting off, for one year, like really going up.

157
00:15:38,307 –> 00:15:49,460
Do you think that this development of cryptocurrency
hype, is actually detrimental for the development
of decentralized networks in the sense of.

158
00:15:50,490 –> 00:15:59,220
Because people start to mistake the cryptocurrency
hype with the actual potential of the technology,
or do you think it doesn’t really matter?

159
00:16:00,240 –> 00:16:01,050
What’s your thoughts?

160
00:16:02,225 –> 00:16:03,215
it depends.

161
00:16:03,665 –> 00:16:04,685
It’s a good question.

162
00:16:06,335 –> 00:16:08,105
You said that’s a good question.

163
00:16:08,195 –> 00:16:12,935
And the, to be honest, it’s very hard to onset
this moment moment, but what I can say is that.

164
00:16:14,550 –> 00:16:21,990
There’s some percentage of people who are
just into that because of money, they say
dark money, Dodge, coin, and the jumping.

165
00:16:21,990 –> 00:16:23,040
They want to make money.

166
00:16:23,040 –> 00:16:25,800
And if you’re not making money,
you, they think you are a fool.

167
00:16:27,330 –> 00:16:29,640
Uh, they don’t, they are not interested in men.

168
00:16:29,670 –> 00:16:40,530
It’s a de-central as long as they can convert it
back to the Fiat money, then there are some people
who really want to make money by creating value.

169
00:16:40,950 –> 00:16:48,390
Like there are some projects they want, or like a
company they want their project to really sucks sexist.

170
00:16:48,420 –> 00:16:50,460
They want to invest, invest in that project.

171
00:16:50,460 –> 00:17:03,150
Like there are a lot of layer, two applications
that are coming up on a terrarium ecosystem, even
in Bitcoin right now towards trying to create
a value and be also prominent in that area.

172
00:17:04,825 –> 00:17:11,815
So the people who believe really like the maximalist
for each point, you are like a preacher, like religion.

173
00:17:11,845 –> 00:17:13,975
Cryptocurrency has become a religion on its own.

174
00:17:16,495 –> 00:17:25,465
But if you asked me if the tea people, very
few people out of one out of a hundred, people
will enter to technology for philosophy.

175
00:17:26,035 –> 00:17:39,025
10 out of a hundred people will enter for tech, uh,
technology, but the eight, the rest of the, so at rest
of that 89% of the people that are entering for money.

176
00:17:40,631 –> 00:17:55,985
So my sister has written a book, that’s quite, uh, has
become a best seller in the blockchain scene because it
talks about the potential future potential socioeconomic
potential of blockchain and distributed ledger technology.

177
00:17:56,531 –> 00:18:01,655
And what I find really interesting is that, I mean, I
know quite some people have the book on read the book.

178
00:18:01,655 –> 00:18:07,246
They’re very intelligent and still they don’t get it
in the sense of, because of the cryptocurrency hype.

179
00:18:07,301 –> 00:18:19,001
They, they, they, from what I see, they dismissed,
uh, the, the socioeconomic potential, uh, social
political potential of the superior religious.

180
00:18:19,028 –> 00:18:21,373
This is what, what my experiences and.

181
00:18:23,555 –> 00:18:31,055
Even those people who, who know the book
and have the knowledge, they, they cannot,
they cannot separate it from each other.

182
00:18:31,082 –> 00:18:32,255
That’s the one thing I see.

183
00:18:32,637 –> 00:18:49,546
And I think in general, I mean, so you are in
a technology field, but once you’re outside the
technology field, I think 98% of people think, uh,
the superior ledger technology is for cryptocurrencies
and it’s just a speculation bubble and that’s it.

184
00:18:49,710 –> 00:18:59,773
They don’t actually know that there’s a technology
that could sustainably, uh, revolutionize, how we
people live, how people interact and, and it’s created.

185
00:18:59,826 –> 00:19:06,906
Ownership or ownership like it is
revolutionizing like ownership, verification.

186
00:19:06,936 –> 00:19:14,196
And if this, for example, like before,
when you want to know who owned this home,
you have to go to a centralized authority.

187
00:19:14,766 –> 00:19:20,676
But as the blockchain allows you, because of blockchain,
the beauty in the blockchain is it is trustless.

188
00:19:20,706 –> 00:19:21,206
You don’t have to.

189
00:19:22,466 –> 00:19:26,426
You or me or my blue grandmother, grandfather, no one.

190
00:19:26,426 –> 00:19:32,636
We don’t have to trust anyone, not even
God to make it like to make it valid.

191
00:19:33,026 –> 00:19:34,556
And why can it be valid?

192
00:19:34,556 –> 00:19:49,646
Because mathematically it is proven if this document
or if this transaction is valid or not, two plus
two is always four doesn’t matter which language you
talk, which religion you go, which hemisphere you go.

193
00:19:49,646 –> 00:19:50,156
It’s called.

194
00:19:50,156 –> 00:19:52,946
Mathematic is called universal language.

195
00:19:53,546 –> 00:19:56,336
So the moment we understand it is a trust list.

196
00:19:56,336 –> 00:19:58,856
I don’t need someone else’s recommendation.

197
00:19:59,186 –> 00:20:03,476
I don’t need some highest Supreme power B bank.

198
00:20:03,536 –> 00:20:06,086
Be it organization, PayPal.

199
00:20:06,296 –> 00:20:07,736
I don’t need any trust.

200
00:20:07,976 –> 00:20:12,326
I don’t have to have a trust in some thing.

201
00:20:13,046 –> 00:20:16,676
Then I know mathematically this tri ingestion transaction.

202
00:20:17,846 –> 00:20:27,146
Has been validated and proven people don’t see because
people don’t know how, how to trust the trustless network.

203
00:20:27,206 –> 00:20:30,596
They don’t know how to trust,
trustless than need a reputation.

204
00:20:31,856 –> 00:20:32,966
This called halo effect.

205
00:20:33,235 –> 00:20:33,617
Yeah.

206
00:20:33,672 –> 00:20:36,208
It’s, it’s not just that they don’t know.

207
00:20:36,208 –> 00:20:43,026
I think it’s also basically, well, also, maybe
that, but I think it’s just too abstract also.

208
00:20:43,704 –> 00:20:43,813
Yeah.

209
00:20:43,813 –> 00:20:44,604
But God is also.

210
00:20:44,604 –> 00:20:45,613
abstract people.

211
00:20:45,613 –> 00:20:46,022
Like it.

212
00:20:46,326 –> 00:20:46,681
Yes.

213
00:20:46,681 –> 00:20:48,645
But there is so many stories about.

214
00:20:49,458 –> 00:20:57,831
That you can start to like it or this like
him or her, or can start to not believe
in him or her, uh, or them, whatever.

215
00:20:57,940 –> 00:21:09,667
So, you know, but the concept of not needing to
trust anyone anymore, because there’s a technology
is too abstract for people outside of technology.

216
00:21:10,285 –> 00:21:11,049
But it is Mac.

217
00:21:11,076 –> 00:21:13,095
I’m just saying I’m not using the word technology.

218
00:21:13,095 –> 00:21:15,658
That’s the reason I’m very aware
of not using the word I’m using.

219
00:21:15,685 –> 00:21:16,749
Do you trust two plus two?

220
00:21:16,749 –> 00:21:17,295
Is it going forward?

221
00:21:17,295 –> 00:21:17,949
Do you trust it?

222
00:21:18,626 –> 00:21:20,276
Yes, I do.

223
00:21:20,276 –> 00:21:36,326
I do know what you are saying, but making, making the jump
to understanding that this reality means that we can trust
technology basically, or algorithms, whatever you call it.

224
00:21:36,326 –> 00:21:43,286
Now, the system that we can completely change
everything in the world is such a big, big.

225
00:21:44,151 –> 00:21:46,611
Because there’s no story behind it.

226
00:21:46,641 –> 00:21:50,301
Like we have thousands of stories of the gods, you know,

227
00:21:51,358 –> 00:21:52,722
Let’s create new stories.

228
00:21:52,913 –> 00:21:59,540
well, this is basically, this is what it’s about, but I
mean, when you look at all religions, it’s all storytelling.

229
00:21:59,677 –> 00:22:03,331
They’re telling you stories over stories
or stories over stories, that’s it.

230
00:22:04,068 –> 00:22:17,568
And I think one of the biggest challenges in with these
new, in general, not just with superior ledger, technology
and blockchain, but in general, with things that are
new and where we don’t already have concepts and ideas.

231
00:22:18,086 –> 00:22:21,195
Um, so we can easily understand them.

232
00:22:21,549 –> 00:22:24,958
Then it’s, it’s really hard to introduce.

233
00:22:25,449 –> 00:22:26,022
So, I mean,

234
00:22:26,636 –> 00:22:30,596
Cloud computing, cloud computing 10 years ago.

235
00:22:30,686 –> 00:22:31,286
exactly.

236
00:22:31,286 –> 00:22:33,356
Everyone said, no, I don’t trust anything.

237
00:22:33,396 –> 00:22:34,556
My data to be there.

238
00:22:34,556 –> 00:22:38,396
And everyone now you cannot
progress without cloud computing.

239
00:22:38,585 –> 00:22:39,130
And this

240
00:22:39,130 –> 00:22:44,312
is why, I mean, I remember the first time someone explained
health computing to me, man, a long, long time ago.

241
00:22:45,130 –> 00:22:50,694
I was just, I can re you know, I’m, I’m, I’ve
always been interested in technology very much.

242
00:22:50,767 –> 00:22:58,112
I mean, I’ve, I’ve, I have a long history of going back
with technology without having, um, studied anything in it.

243
00:22:58,767 –> 00:23:04,821
But even for me, the first time I
heard it, it was so abstract, you know?

244
00:23:05,557 –> 00:23:05,912
Yeah.

245
00:23:06,457 –> 00:23:09,621
They’re the first, no, but the first
time I heard it was a long time ago.

246
00:23:09,621 –> 00:23:15,648
It was, I don’t know, 15 plus years ago, but, uh, maybe
even 20 years ago, I don’t, I don’t remember exactly,

247
00:23:15,771 –> 00:23:16,017
Okay.

248
00:23:16,167 –> 00:23:21,894
the first time I heard it, it was just,
uh, how, how how’s it supposed to work?

249
00:23:22,630 –> 00:23:22,903
True.

250
00:23:22,903 –> 00:23:24,539
Like in like internet, like internet

251
00:23:24,798 –> 00:23:25,607
Like the internet.

252
00:23:25,635 –> 00:23:26,180
Exactly.

253
00:23:26,180 –> 00:23:31,471
And I think, I think, um, all of these things
and thoughts, they’re super interesting.

254
00:23:31,553 –> 00:23:35,862
And I also believe in it because I’d want
to send distributed ledger technology.

255
00:23:36,517 –> 00:23:44,753
And also that it took me some time to
understand, you know, and I’m sure there’s
a, I still don’t have the full picture of it.

256
00:23:44,780 –> 00:23:47,017
Like people are really deeply into it, of course.

257
00:23:47,562 –> 00:23:57,407
But, um, my impression is really that, that, um, there
is this potential definitely that you’re talking about.

258
00:23:57,462 –> 00:24:00,926
And I mean, I know many people who are
into this technology and talk about it.

259
00:24:01,335 –> 00:24:07,053
And then there’s the gap to the mass of people who.

260
00:24:07,698 –> 00:24:15,780
Who don’t even know that, uh, the Bitcoin
technology, which is called blockchain.

261
00:24:15,798 –> 00:24:26,380
And, and when we talk now about blockchain was
meant to be for creating a better world and not
just for some people to get rich and speculate.

262
00:24:26,817 –> 00:24:27,689
And this is like what?

263
00:24:27,689 –> 00:24:29,517
98% of the people don’t know.

264
00:24:29,782 –> 00:24:30,322
Yes.

265
00:24:30,412 –> 00:24:33,352
It’s like, I, I jumped the reason that day.

266
00:24:33,382 –> 00:24:34,762
I can tell you that day.

267
00:24:34,882 –> 00:24:45,022
And the time I read the white paper, 2016,
November 14th, 2016, I was invited for,
for pitching my innovation thing in Berlin.

268
00:24:45,202 –> 00:24:47,122
And I was hearing people were talking blockchain.

269
00:24:47,422 –> 00:24:52,882
And since I was so much doing so much innovation back then
for caption, for my own thing, I was so busy in this world.

270
00:24:53,212 –> 00:24:54,772
I didn’t navigate, I didn’t know here.

271
00:24:54,772 –> 00:24:56,302
I did not see anything beyond that.

272
00:24:56,692 –> 00:25:01,132
I missed, I missed the whole thing
until 2016, November 14, November.

273
00:25:01,522 –> 00:25:07,402
And then I read the white people and
this guy wrote such a commitment.

274
00:25:07,432 –> 00:25:08,832
He had such a vision.

275
00:25:09,672 –> 00:25:15,282
And then I say, wow, because the value he did not
do to make profit, he wanted to do this values.

276
00:25:15,282 –> 00:25:25,752
Or I could identify with him so much, even though
he’s more brilliant expert in everything in
language, in cryptography, in computer and amazing.

277
00:25:25,752 –> 00:25:28,962
And I was thinking, wow, 2008, because it did hit me.

278
00:25:30,012 –> 00:25:31,872
It was really, really hard experience.

279
00:25:32,322 –> 00:25:36,102
And, uh, and then, uh, I could understand what he said.

280
00:25:36,522 –> 00:25:40,752
And then he brought up this
amazing solution with the payment.

281
00:25:41,112 –> 00:25:50,382
And I was thinking, and since I did my innovation
repayments service provider, and it was like,
and I say, what was I doing the whole life?

282
00:25:50,772 –> 00:26:04,482
Like when I saw it was 2016 and he had done it
and of 2008, like eight years behind, I was,
and I came back, talked to my friends, everyone
said, oh, I checked back then it was 600, 700.

283
00:26:05,352 –> 00:26:08,412
Beyond my capacity because I
was already entrepreneur paying.

284
00:26:08,412 –> 00:26:10,002
Every bill was bad, big thing.

285
00:26:10,752 –> 00:26:15,012
And I understand what you’re
saying, but he, I love the value.

286
00:26:15,252 –> 00:26:21,702
Like just dropped out of the project because
people, Vicky period started accepting Bitcoin.

287
00:26:22,002 –> 00:26:26,982
And one of his teammates started talking
to CA he did not like any of that here.

288
00:26:26,982 –> 00:26:39,192
A very, very, he wanted to do peer to peer digital
cash, but you and me, without a cent middleman can
transmit perceived value before like post you not.

289
00:26:39,252 –> 00:26:43,572
So 50 years ago, if I wanted to send you a
letter, I was dependent on a post office.

290
00:26:43,662 –> 00:26:44,922
Now I can send you email.

291
00:26:45,102 –> 00:26:45,972
This is what I see.

292
00:26:46,872 –> 00:26:49,542
Bitcoin is sending more money or email.

293
00:26:49,932 –> 00:26:51,072
You need a wallet address.

294
00:26:51,132 –> 00:26:52,212
You don’t need anything else.

295
00:26:52,302 –> 00:26:55,512
And you get the money or you send
the money like sending emails.

296
00:26:56,502 –> 00:26:57,822
And this is what amazing.

297
00:26:58,392 –> 00:27:11,247
That is like the power, but people obviously, um,
The bank, which is charging them for the trust and
chill, taking something, which is not trustless.

298
00:27:11,247 –> 00:27:13,167
That’s your safe, because it’s something new.

299
00:27:13,707 –> 00:27:19,857
But I tell people it’s the first time in the world
that you can take by this oppression in own gold.

300
00:27:19,887 –> 00:27:26,247
And this is like an old money-making
process on value creating process did.

301
00:27:26,247 –> 00:27:34,257
Now the society told us this is how value is created
and we have to accept that and navigate through
this is where you can all take participation.

302
00:27:34,917 –> 00:27:42,657
And I always say to people, don’t
put your money to cat, dog pig coin.

303
00:27:43,407 –> 00:27:50,307
See beyond that because the moment you invest your energy
now be about talking about spirituality and not financial.

304
00:27:50,337 –> 00:27:56,217
I can understand, I really want to earn also
3,000 million invest 1000 and got 10 million.

305
00:27:56,967 –> 00:28:00,267
I say, no, this is not what it is.

306
00:28:00,367 –> 00:28:07,417
Um, and this is like, Uh, uh, like for
me, it’s a very, very philosophical tie.

307
00:28:07,715 –> 00:28:14,069
because it’s solving some space, some problem
in blockchain space, because blockchain
has three pro three, a trilemma problem.

308
00:28:14,479 –> 00:28:16,469
Either in blockchain, you are decentralized.

309
00:28:16,851 –> 00:28:27,597
Like you can see blockchain space as a triangle,
again, a triangle decentralization, speed, uh,
scalability and security, and you can always
satisfy two and you have to compromise on that.

310
00:28:28,892 –> 00:28:32,547
And bid Constance is very
discharge, decentralized and secure.

311
00:28:32,547 –> 00:28:34,810
The modern myths come on 12 years, not being hacked.

312
00:28:34,810 –> 00:28:39,256
One time, it’s a public and not a private,
no firework or firewall or something.

313
00:28:39,256 –> 00:28:42,038
So five of firewall or something come on.

314
00:28:42,474 –> 00:28:43,619
It is amazing.

315
00:28:43,947 –> 00:28:46,674
But the speed is this compromising the speed.

316
00:28:47,438 –> 00:28:51,092
And this is right now, there is a proof
of work and people’s proof of work.

317
00:28:51,092 –> 00:28:57,938
As it says, you need the, you need to have put some work
in your honesty, integrity, and set doesn’t occur tomorrow.

318
00:28:58,138 –> 00:29:00,610
Recognize them the human greed factor.

319
00:29:01,538 –> 00:29:09,801
That’s the reason, the way he did and
designed was his amazing psychology person,
philosophy person, engineer, economics.

320
00:29:11,192 –> 00:29:12,529
like he introduced defamatory.

321
00:29:12,692 –> 00:29:14,329
This is amazing.

322
00:29:14,492 –> 00:29:20,683
I’m like, that’s the reason why, even
though I am not earning a single cent
in the crypto space, I’m at the moment.

323
00:29:21,447 –> 00:29:27,474
I’m still trying to stick in that space
because I think it has a longterm future.

324
00:29:27,474 –> 00:29:30,365
I want to integrate this whole innovation idea.

325
00:29:30,392 –> 00:29:30,938
What I had.

326
00:29:30,938 –> 00:29:34,947
I said, if I navigate anywhere
else, um, I would miss the train.

327
00:29:34,947 –> 00:29:38,356
That’s the reason I don’t judge
also Bitcoin blockchain projects.

328
00:29:38,683 –> 00:29:45,719
I’m not only Bitcoin, I think because
I missed my train Bennett, but I was in
doing innovation on my own circle room.

329
00:29:46,265 –> 00:29:50,219
I missed through a bill Bitcoin
when it happened or blockchain.

330
00:29:50,519 –> 00:29:55,019
So that’s the reason I look into all the blockchain
spaces project and see, okay, what can I learn?

331
00:29:55,019 –> 00:29:55,838
What is it solving?

332
00:29:55,838 –> 00:29:56,710
What are the use case?

333
00:29:57,174 –> 00:29:58,510
How can you do talk genomics?

334
00:29:58,810 –> 00:30:00,801
Like try to do the whole thing.

335
00:30:00,801 –> 00:30:03,229
What I did through legal business and technology.

336
00:30:03,229 –> 00:30:05,547
I tried to now navigate through the client.

337
00:30:05,574 –> 00:30:09,992
Like when some persons asked me if this
kind of good or bad, I give them a proof.

338
00:30:10,319 –> 00:30:11,247
Why is it good or bad?

339
00:30:11,301 –> 00:30:11,492
And.

340
00:30:13,306 –> 00:30:17,179
This is what I decided to do loud
right now in the decentralized world.

341
00:30:17,833 –> 00:30:18,160
Okay.

342
00:30:18,460 –> 00:30:26,669
So also please tell us, is the other paradigms that
you think, uh, need to be challenged at the moment?

343
00:30:27,701 –> 00:30:29,891
The paradigm of what a woman has to be,

344
00:30:30,721 –> 00:30:31,171
Okay.

345
00:30:32,331 –> 00:30:34,521
what like a pleasant preferable.

346
00:30:34,581 –> 00:30:52,341
Now I can like, w it’s always the woman on both men and
women tell me that if you’re confident, like, uh, people
is like this, the reason when someone says, introduce
yourself, I said, I’m arrogant, bold and courageous person.

347
00:30:52,581 –> 00:30:57,441
So before you judge, I judge my, I tell you
what you would think, because it comes over.

348
00:30:57,861 –> 00:31:03,111
Like most of the people always told
me what you think, who you are.

349
00:31:03,231 –> 00:31:04,311
That was always a question.

350
00:31:04,311 –> 00:31:05,511
When I came up with those.

351
00:31:06,521 –> 00:31:08,531
Who do you think what you, who you are?

352
00:31:09,071 –> 00:31:18,071
So that’s the reason I say, if I would be a male, preferably
white, I think I would be having a different kind of life.

353
00:31:18,311 –> 00:31:29,171
Just even my approach, the way I am, the aggressiveness
it’s will be charming if I would be a male male
person, but now it is like, oh, you’re very emotional.

354
00:31:29,171 –> 00:31:40,121
And you have to be this that, no, as a woman, I can
say, uh, like I don’t want to have children because I
want to make company that will employ future children.

355
00:31:40,601 –> 00:31:46,931
And there were men who attacked me and say, oh,
you need to mother earth needs more children.

356
00:31:46,931 –> 00:31:49,751
I say, no, mother earth needs
more trees by the way, but Okay.

357
00:31:50,261 –> 00:31:51,491
We can talk about it.

358
00:31:51,941 –> 00:31:55,961
Like, Uh, this is like the challenge.

359
00:31:57,596 –> 00:32:04,226
Then especially a woman, try to try to live a
very different life than the society expects.

360
00:32:04,256 –> 00:32:17,846
It’s to be like, uh, anything, anything that’s disruptive
picture of, of being a woman and a foreign woman and a
rebel, like a kind of first thing, but in your own terms,

361
00:32:20,875 –> 00:32:33,260
So when you look into a future 100 years from
now, and, if people think back of you, what
do you want people to be remembering you for?

362
00:32:34,670 –> 00:32:37,861
honestly, I don’t see people
think about being a hundred years.

363
00:32:38,567 –> 00:32:40,007
Maybe some family members.

364
00:32:42,687 –> 00:32:51,897
I wish a person, any person who is like me,
the moment I am at the moment I’m going,
talking as Satya, I’m talking as a personality.

365
00:32:54,072 –> 00:33:09,236
people can remember it was what for, for this person,
for me to live the life in her terms, even though she
was already, it was not a successful life in terms of the
usual success, what it is, but it is different, different.

366
00:33:09,399 –> 00:33:12,509
This could be sometimes more tastier than being successful.

367
00:33:13,109 –> 00:33:17,227
And if people will accept them and
remember them, like, we’re been amazing.

368
00:33:18,904 –> 00:33:19,313
Okay.

369
00:33:19,613 –> 00:33:20,540
Thank you very much.

370
00:33:21,359 –> 00:33:23,704
Thank you for your time.

371
00:33:23,786 –> 00:33:28,477
And the insights gave us and, uh, wish you a great day.

372
00:33:29,689 –> 00:33:30,559
Same here.

373
00:33:30,799 –> 00:33:33,919
And thank you very much for inviting me on your podcast.

374
00:33:33,919 –> 00:33:34,579
Thank you.

375
00:33:36,971 –> 00:33:41,621
Thank you for staying tuned for this
edition of challenging paradigm X.

376
00:33:42,101 –> 00:33:46,841
If you like this episode with Satya dash,
feel free to share it with your community.

377
00:33:46,841 –> 00:33:50,101
So Satya’s message gets spread even further.

378
00:33:51,001 –> 00:33:53,281
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379
00:33:53,281 –> 00:33:54,121
If you like it.

380
00:33:54,668 –> 00:34:08,978
I’d also be God, if you write me a review, if you have
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week, we are back with another edition of challenging
paradigm X until then I wish you a great week.