 So I'm gonna talk about our platform yours also called yours org But the title is making Bitcoin cash mainstream because we think about this you know one of the ways to think about the project that we're building is basically making a mainstream user-friendly interface to the blockchain or Bitcoin cash and We're trying to reach a mainstream audience. We're trying to make this technology Useful to normal people who aren't technical People that are familiar with social media people that know how to use snapchat, but they don't necessarily know how to run a miner So that's sort of our interest so Let's let's start here. So because this is a Bitcoin cash conference. I'm gonna frame it all in terms of You know, basically what we're doing with Bitcoin cash and how we're making Bitcoin cash mainstream specifically so Look this conference is called Satoshi's vision I've been involved in the Bitcoin industry for a long time and Bitcoin cash has all the properties that Bitcoin is supposed to have It's sound permissionless scalable peer-to-peer electronic cash with low fees instant transfers Entering complete smart contracts. Wow So let me dive into this a little bit and explain what each of these terms being because some of these might even be controversial So it's sound of course. We know that there's only ever gonna be 21 million Bitcoin cash No one can cheat and inflate it away. It's permissionless. No one can stop you from using it You can do whatever you want to do in accordance with the protocol rules. It's scalable We do know how we can scale this to reach a global audience. That's possible. It's peer-to-peer You can send money, you know to anyone. Okay directly with no third party. It's electronic cash It's it's money, you know, you can hold it and you can transmit it It has low fees on our case or well, I mean for any Bitcoin cash transaction But it's especially noticeable in our case fees are less than a cent most of the time Instant transfers because especially if you're sending smaller values zero con for it's just fine and Touring complete smart contracts. This is kind of the controversial part I won't get into this in my talk, but my co-founder Clemens is gonna talk about this on Sunday So all this stuff is really amazing, but these are all really technical things So how do we bring this incredible value to normal people? So We think about it, you know, so one question people have asked since the early days of Bitcoin is what's the killer app? You know, we're sort of missing something that by itself sort of goes viral some application of Bitcoin That you know goes to a You know to a mainstream audience something that's you know the app that introduces everybody to to Bitcoin cash So That's Bitcoin cash now. Let me talk about sort of the problem. We're looking at and how and why we're using Bitcoin cash So on the internet today, we have a couple of related problems First of all on most social media networks people the users don't earn money. Okay You create content on reddit. We look to reddit as a role model, but we look to all social media networks, you know, Facebook Medium SoundCloud and so on Usually they either don't have a way for people to earn money for creating content or they don't have very good ways It's all based on ads and ads only work for like some of the users But also not just the creators. What about everybody else the moderators the editors and so on people that curate good content We want to create mechanisms for those people to earn money The second problem is why is there so much low quality content on the internet? And I'll start with trolling because many of us in the Bitcoin community have probably seen or experienced Hopefully not done the trolling In in you know, Twitter, especially reddit and so on There's also things like, you know, just outright false information. There's lots of propaganda and censorship things of the sort Clickbait spam and so on of course. There's also really good content, but there's a lot of low quality, too So how do we how do we make this better? And so our solution is basically we think that if you build payments in that we can solve a lot of these problems So first of all if you build payments into the infrastructure of a social media app You make it possible for people to earn money for doing anything on the app You can make it possible for people to earn money for creating content for curating content for moderating content and so on Secondly, we think that if you set up the incentives correctly we can encourage high quality content If you earn more money for creating better content, well, you're encouraged to do so So we think this will improve the quality of content if we do a good job designing the incentives Or in other words ads suck Let's use Bitcoin cash instead and what this means is if you think through what these problems are and why they are this Way it has something to do with ads like the fact that you know When you create or consume content on Facebook for instance Why are these third-party advertisers involved at all like why are you why are you you know? Why do you have to look at these ads? Why are these unrelated parties involved in funding the content and how come you're not earning the money? I mean if you're creating all the value how come advertisers are paying Facebook for that There's something wrong here. There's something wrong with the sort of the ubiquitousness of ads on the internet And we think we can solve a lot of these problems with with Bitcoin cash. So Yours org this is the the app that we created It is a social media destination with Bitcoin cash monetization for creating and curating good content I'll get into this in a minute what this means exactly because it won't be obvious But we get compared to reddit a lot because we have a vote button With the difference is that actually the vote button is money. So the voting cost 25 cents I'll get into how that works in a minute, but you can start getting the idea for what it is that we've built That it's a social media app with built-in payments So I'm gonna start with this one. This is my favorite feature It's my favorite because it's fun to talk about and it's a fun sort of thought experiment Although I admit it's not the most widely used of our features, but I Mentioned trolling earlier It's interesting that on most social networks You usually have the ability to add comments sometimes you have the ability to turn them off But you don't have the ability to charge money. So on YouTube for instance YouTube lets you allow comments or disallow them in other words It's either free or it's infinitely expensive, but there's nothing in between Wouldn't it be cool if you could just charge some amount of money for people to write a comment? So on YouTube or on Twitter wherever Wouldn't it be I mean like imagine you get trolled which again many of us have experienced this Wouldn't it be interesting if you could just charge people a dollar to write a comment on your article or your tweet or read it Whatever I bet that would discourage trolling because the trolls would realize that it's actually costing them money And so they're gonna run out if they keep doing that We're also very interested in creating mechanisms for people to earn money for all this stuff So that anytime that you spend money on something you can you can earn it back again So another feature is this one's this one's just kind of cool We've seen this one use in our app we have tipping built into comments So as you can think of it like tipper bot people have probably used that one But sort of built into the app so you can tip comments directly you see it when you tip something You see a little face and the amount of money that you tipped you can see the total amount of money the commenter earned So this makes cool things possible like you could ask a question in your article and Say I will pay you five dollars for the answer and then someone answers it You can pay them and you provably pay them built into the app So this makes just interesting interesting things possible We also have something we call the voting model So we saw the vote button earlier The way voting works is it's 25 cents to vote on content The idea is that by voting you're curating you're helping send a signal to other people that this is high quality It costs 25 cents and that 25 cents is distributed evenly to all earlier voters Or if you're the first voter it goes to the content creator they get it They get the first vote for free So this makes it possible to earn money for curating content So you got to sort of buy in you got to pay 25 cents to vote on content But imagine you're the first voter and a bunch of people vote after you you earn money from each subsequent vote So if you're good at curating content you vote on hot content early you can profit from that And finally we have a paywall and the paywall is it's probably poorly named We need to come up with a better name because people are he's turned off by paywalls But our paywall is a little bit different than what you see on you know The Wall Street Journal the New York Times or something like that our paywall is actually literally just a paywall where the author sets The price for something behind the paywall Newspapers have subscription walls when you go to the Wall Street Journal and you're not signed up yet They say something like well, please you know before you can read the rest of this article Please sign up for $25 a month or whatever it is But wouldn't it be cool if you could just pay like a one-off fee to read the article like maybe the author could Just set a price that's how our paywall works It's like the obvious simplest way to monetize something on the internet is just charge whatever for it So we let the author set the price they can set anything as low as one cent as high as $10 or higher than $10 could be anything We've actually had people charge hundreds of dollars For content on the app and yes people have actually paid for that. I'll get to some of that later So you get the idea We are a social network with built-in payments and actually it's really cool once you have that working You can do all these different things that actually many of these things have never even been tried before We're not aware of a working version of the paid comments ever in existence to the best of our knowledge Even the paywall it's actually really hard to find examples where people actually literally just had a button You could press to make a payment to somebody there have been a few really minor Experiments and no one has really tried it in a serious way certainly the voting model We're not aware of that and we have a bunch of other ideas And it's fun to brainstorm all the other things you can do. In fact, I could just give you one other idea Well, eventually add a referral system to the platform Like wouldn't it be cool if you could earn money for sharing content to people? Because you get a portion of the revenue Generated from people that click through and then buy or vote or whatever it is after that So it's fun to experiment. There's there's a giant world of possibilities here new ways to monetize not just creating content But also curating and discovering and moderating content things of that sort that have never been tried That are only possible when you have really low cost transactions So anyway, so why Bitcoin cash? So there are sort of two ways to look at what we're doing We're taking Bitcoin cash and trying to bring it to a mainstream audience Or we're trying to solve these problems like improving the quality of content on the internet getting people paid They go hand in hand. Why do we use Bitcoin cash specifically? So the best way for me to explain this I'm just going to give a brief overview of like sort of our history and how we got to this situation Because often when I when I talk with sort of new people a Lot of people have no idea what Bitcoin cash is and if they look it up on the internet They they get a lot of negative, you know information like you'll see, you know, I won't go into it Actually, I'm not going to use any of the words they use but you know what I mean If you Google it you or whatever you see it on Twitter, you see a bunch of negative information about Bitcoin cash But let me just tell you briefly how we got here and why Bitcoin cash is the right tool for what we're trying to do Way back in the day a little more than two years ago. We started on Bitcoin We were using Bitcoin because well two plus years ago Bitcoin was like 95 percent market dominance and cryptocurrencies had by far the largest economy There was no reason to use anything else All we needed was peer-to-peer payments in the app We need peer-to-peer because we don't want to be a money transmitter Bitcoin made that possible The only problem was fees were kind of high in early 2016 at about five cents per transaction Now five cents at the time seemed high because fees used to be really low. It was like zero basically So at five cents, we thought well We need to lower fees because the payments might only be about five cents And so a five cent fee on a five cent transaction is awfully high So my co-founder and I Clemens who's in the audience probably somewhere here. We spent I see him in the back there We started developing payment channel technology similar to the lighting network So we you know by that point lighting network had been sort of theorized hadn't been put in production or anything like that but the basic ideas were out there and there's lighting network and a few other sort of Papers and whatnot about how to do this stuff So we researched and developed this it took about a year to get a prototype of this working Which we announced in early 2017 But by that time fees on Bitcoin weren't five cents anymore They were five dollars and actually in order to open a payment channel You have to broadcast about three transactions, which means that five dollar transaction fees It costs about $15 for someone to open a payment channel not to mention You have to actually fund the channels with something and with fees that high you got to fund it with quite a lot More than $15 for it to make sense. So Bitcoin just stopped working for our use case and I'm not going to go There's just simply no time. I'm sure many of the audience is familiar with this, but many probably aren't but unfortunately We just couldn't use Bitcoin anymore. So we switched to Litecoin Litecoin was technically very similar to Bitcoin. It was easy to switch to all of our technology worked on it and the fees were a lot lower But Litecoin's long-term roadmap was not encouraging Litecoin also has a fixed maximum block size and even though its fees were low The developer and sort of ecosystem around Litecoin was pursuing the same type of long-term roadmap as Bitcoin core Which meant that Basically, if it ever got popular we're gonna have the same problem again So we weren't very encouraged by that and we watched Bitcoin Cash Very very eagerly because we knew that Bitcoin Cash was solving the problem that really needed to be solved Which was how do we just raise the maximum block size? You know safely in a way that just scales to a larger transaction volume and when Bitcoin Cash launched in early August It's August 1st 20 you know last year 2017 We started running tests on Bitcoin Cash and the fees were less than one cent and we're obviously very encouraged by the community all Many of us in this in this room about what the plan is moving forward with a plan as we're gonna keep raising the maximum block Size as needed and we're gonna solve all the technical problems You know that we need to solve to be able to scale on chain So in a nutshell So anyway, so we switched to Bitcoin Cash visa really low We ended up archiving our payment channel technology So even after at that point about a year and a half developing the routed payment channel technology We actually archived all that code and we just use simple on-chain Bitcoin Cash transactions Because the fees are so low We don't need payment channels and furthermore the usability of on-chain Bitcoin transactions is way better than payment Channels and I have a couple of articles a couple of videos where I talk about this extensively about why the the The usability is better. I'll just give you one brief example On Lightning Network or any of these payment channel technologies The recipient of funds has to be online, which is a really difficult thing to work around if like they're not online Which is true in a social media app, which you don't literally have open 24-7. So anyway in a nutshell Bitcoin Cash works today and has a best chance to keep working tomorrow and that's why we're using Bitcoin Cash So we think the way to make Bitcoin Cash Mainstream is to make it really easy for anyone anywhere in the world to earn money For working in the global economy on the internet and that's exactly what we're doing in our app You can create value in our app You can create content you can curate content and so on and you can earn money And the payments can be from anybody anywhere in the world and that's amazing like you can be a part of the global economy you can doesn't matter where you live or whatever you can create value and you can earn money from that and we Think this is how we bring Bitcoin Cash to a mainstream global audience. We think it's the most basic use case smart contracts are awesome We'll get to that later. Let's just make it possible for people to earn money really easily So I'm gonna run through here. I don't know if I'm gonna get cut off on time. How many five minutes? Okay, what I'm gonna do is since I only have five minutes left. I'm just gonna cover a couple of these and then we'll leave it for For questions. So I was gonna run through tons of examples of how people have used our platform So just for instance our first popular article was called Bitcoin Cash Investment Thesis by a guy named Bitcoin Optimist and this article earned 86 dollars So this was I forget the timing of this exactly But this was the first article on our platform where someone earned enough money from it that actually maybe that was worth His time to write the article so this was like you know This was like a proof of concept that oh the thing actually does basically work It's no longer really theoretical and I'm just gonna jump ahead to the the next great example Which was we have a user named rivers and mountains who not only like was it worth his time to write the articles? He actually earned quite a lot of money. He earned about $500 per article because what he would do is he would write a free Article about Bitcoin cash that was actually a really good interesting article And so people would share it because it's just a good free article But then he placed an $8 paywall and behind the paywall was trading tips about how to trade Bitcoin cash And so but you read the article like oh this guy knows what he's talking about oh eight dollars But gosh if I like buy in you know at the right time, I'm gonna way more than eight dollars So he actually earned like $500 per article here and several thousand dollars something five thousand dollars total for all of his articles So that's just it I'm out of time. So I'm not gonna go through the rest. I'm just gonna blast through you can see there a bunch of them there But there are all sorts of interesting things people have used our platform for because we've set something up that like was Didn't really previously exist It's just a social app with content and built-in payments You can just easily pay people for stuff and see it on the app There's a lot of use case for this anyway, we're sort of out of time I don't know me how much time we have left and whether I have time for questions I'm gonna give you some questions because that was awesome Do we have any questions from the audience? Okay, I'll go. I'll just go. Yeah, I can I can tap one for 10 seconds or something. I'll just I'll leave this one up here Yes, so my Once you develop a social network that lets people get paid Yes, and you start to create this platform that anyone can use to earn money on the internet Based on like the current social climate It seems like one of the first things that's gonna happen that you're gonna receive our demands from various parties that you Start deep platforming various users for various reasons. Do you have a plan for dealing with that? I'm not sure I understand deep platforming Just saying that certain people should not be allowed to publish on the internet because some people don't like what they're saying Well, so our if you're talking about sort of censorship as a general concept here So we recognize that you know We think probably that actually one of the biggest use cases for our platform right now is to be anti censorship because sorry Yes anti censorship because we can see thank you. Thank you. All right. I should have started with that I guess but but You know look we see a lot of censorship on social media right now It's like actually really interesting that a lot of like Voices are being silenced on social media That's a real problem and that's actually I think the biggest problem and it this is very much related to earning money Because what's happening on YouTube for example a lot of the people that are being silenced what's actually happening is They're creating compelling content that turns off these third-party advertisers And so they get shut off from being able to be funded by ads on YouTube So that is one way voices are being silenced. Well, if the payments are peer-to-peer Your audience is paying you directly. We're not beholden to third-party advertisers So that problem doesn't exist on our platform. So I think that is probably the biggest use case That's true right now You know on our platform so Another question Hello, just a really simple question. Just wondering how does yours dog make money? Yeah, so we take 5% of payments on pieces of content So this is still an open question exactly what we're gonna do long term But we think the simplest thing we can do is we allow free Transactions because you can always go to somebody's profile and send them money directly for free But if you take advantage of our cool features like the paywall we take 5% of that. So that's our business model for right now Final question for Ryan. Hi Charles. Have you seen any clever clever exploits that people have done to abuse yours Clever exploits like just in in terms of how they use it or you mean like a security thing Yeah, I mean that's sort of let's see if I can find a cool example here. I'll start I'll do this one I think this is kind of cool. So this is I'll use his handle because that's what he used on the platform singularity Use our platform and a number of others to raise money for what would become the Bitcoin cash fund And yeah So this was at the time so singularity. So what happened? This is really interesting So he published this article on our platform and on Reddit a few other places and at the time we had like a tipping button that was like like 10 cents or something like that and It was just by definition 10 cents and the number of people like clicked the 10 cents button over and over and over again to give him more money So we're like well, we should let people type in any amount of money So we added that feature so anyway here in 20 $200 with our platform itself And also I think it on that day and he can correct me if I'm wrong. He's probably in the audience I don't see him right now, but they earn like $15,000 or something like that within a couple days Both on our platform and a number of others, but not via the platform specifically So so anyway, we this was a cool use case that we then realize Oh, let's make that easier for people to crowdfund on our platform in the future And that is our presentation today from Ryan on yours. Thank you. Please give Ryan a great hand and congratulations on yours