Open Garden at the F50 Synergy Blockchain Summit

Transcript:

I’m gonna talk to you a little bit about what that vision is all about and then and then we’ll get into some of the details about where we’re after the project but let’s start you know by talking a little bit about the current context why would somebody want to do this why is this necessary the way that we connect to the Internet today is really controlled by a few companies usually two to six companies in any one country in the world and there are some upsides to that but there are also some downsides all of the profits from providing internet connectivity to go to those companies the innovation cycle is a little slow because you’re dealing with Maula Kabbalists and so the Internet has grown more slowly and internet access speeds are relatively slow here in the United States as well as in many parts of the world and and then of course you’ve got in America and elsewhere ISPs monitoring your traffic taking that data of a great usage and then selling it to advertisers who can then advertise back to you and we learned through that we’re Snowden that of course governments are able to also monitor this stuff and way more about what you’re doing then we would have been imagine so this is not at all how you know some of the pioneers of the Internet imagine this playing up you know that was meant to be decentralized it was meant to be resilient it was meant to be not controlled by any one company or person and that’s not where we are today what when Darden is trying to do with protocol is really reshape this direction with our protocol and enabling anybody to share their connectivity we can make the internet faster cheaper and more practical we can make it faster because we’re developing as a mess protocol so that you can simultaneously connect multiple local garden hotspots at a time hot spots are poverty supply finally we can make it cheaper because people are selling unused bandwidth and we can make it more private because we’re adding VPN protocols to our staff so that an opened our new provider can’t see what you’re doing online but your ISP can’t either and in time you are fully decentralized at the end all you can garden hotspots can be from exit nodes on a fully centralized VPN which then means that it becomes very censorship resistance very difficult for governments to monitor what you’re doing online so that’s what we’re trying to do we we’ve developed a protocol we put it into an app that we built with a reference out in time it will be in other apps and then in hardware as well let’s talk about where where we’ve gotten to has a project we’re not really just a way paper in an idea we’ve got the product already built you can download it and use it to Google Play today our token is live on stellar Ain’t Nothing already and we’re going to be doing our formal network launched very very soon we’ll be on my Westerley after that and then in the fall you will be able to buy Wi-Fi hardware and use it running our protocol built in so you can buy this device is called a Wi-Fi range extender plug it in at home and enable your neighbors can connect to the internet and use the internet for you they don’t need to pay Comcast directly anymore they just pay you and our token and our protocol enables not just a peer-to-peer connection but I’ve here for your payment’s we’re not in the middle we don’t generate any revenue from this it’s intended to be a fully decentralized network so this is what we’re talking about when we talk about creating a network of millions of people call it the Internet of us a little bit more about our project uh status we we raised 17 million dollars in a private presale we’re not doing a public resell organ ICO we’re based here in the Bay Area we have 23 full-time people mostly engineers mostly network engineers people with experience from Samsung from Apple from Cisco who are helping to build this protocol so I need a posse err and just open it up for questions I know we have extra time but I’d rather just take questions from the audience any questions one question well yeah I always looking for free you know in the Knesset I use it anywhere anytime yeah so we offered is kind of an all our technology because the Internet of us not another kind of the Poconos you know Paige right yeah so what we’ve done by building a decentralized network is enable the people sharing their internet to set the price it’s tough for them then the internet belongs to the community and the communities made up people well those people get to decide how much they want to church and some of them will just want to make them free because I want to share their connectivity but other people will want to earn something back for sharing their unused bandwidth so we don’t set the price it’s not our network the idea here is the internet belongs to the community and we’re just providing tools for them to do that we’re providing tools for people to build their own on hotspot or build a whole network of hotspots that they manage it’s not our network hi how do you make money yeah I thought about that just now yes but there is a good question that’s it and the answer to that is we we aren’t trying to make money with protocol we’ve greater don’t open we’ve sold some of it to investors that help fund our operations and that’s what 17 million dollars worth we’re giving away most of the domains to the community actually help bootstrap the network and at the end of that our company our team will have some percentage of the tokens and if we need to fund further operations we can peel off some of that and sell it at a later date but that’s quite some time we have more than two years of rattling this one yes something well how do you see that your body change the future of Internet community so we think about the response from the industry and a couple of phases and I’ll use a quote that is often misattributed to Mahatma Gandhi first they ignore you great job of that now then they laugh at you then they fight you and then you win and I really think it will play out that way initially they’re not even paying attention and they and I’m mad operators I’ve worked for three mobile operators I’ve spent 15 years in mobile communications I talk to people and some of them think it’s laughable we’re trying to do but the point at which regular consumers I’m not talking about crypto nerds and we’re talking about crypto investors regular people see that they can buy this thing for $25 plug it in and cut them Internet Billa now this becomes something that’s really interesting to a lot of people not just crypto nerds like us and that’s the point in which I think they’ll get concerned now having worked on the centralized side of the table and network about operator side of the table I understand some of the levers that they can pull and ones that are really hard for them to to pull like it’s moving away from an unlimited model in the oligopolistic model that got out is it really tough to do and so for Comcast to move away from an uncapped model or kind of throttled after a terabyte is tough because the average person doesn’t understand what if you and understand that Muskaan past plan and now I can watch 10 hours of movies or not people don’t understand or comprehend very well what those numbers mean how many bits or how many bytes anything it just want to watch TV it’s like 80% of Internet traffic that was watching videos and so it needs to stay at the same sort of model well ultimately I believe that network operators will want to information protocol fairness yes I think what we’re doing has the potential to be very disruptive to them but in the long run I see them adopting we raise money last year for Verizon because they are interested in using a protocol like this hi yeah I think $35 for eg for my limit you know data rania so I can connect even at any time but you said that you offer like $25 we know for but you have no control for the community why how they offer the service it is freedom a right as one question how can you make e educate your community user you know to lower the cost another the question is Tweety’s why on the corner like you befitting available then the Penguins you know kind of almost you know faster than they like some kind of that so how can you facing that kind of a change sure so the answer to your first question about how do you educate the community what we built into the reference out that we designed the ability for you to see all the pricing of people around so how much your other open garden variety of charge so that when you decide how much you want to charge you have have a good indicator of what is normal so you’re not charging territory so that’s one one way to help solve that problem we’re not trying to control how much people charge and I think that’s really important but they’re part of a you know $35 RPG and being you know cell phone connectivity everywhere it’s a great point the starting point that we see is people sharing their home internet and so you know partner buildings and condos where there’s a fair amount of density of people nearby sharing your home Internet is a great starting point because then you really only need a one-to-one network you don’t need a walk outside their apartment and have your big with like a luggage man you just need a neighbor who’s sharing the Internet and you’re interested in connecting to them you just need one other person in your whole universe for this actually have a lot of utility and that’s really the starting point where we’re going to work this summer to put our protocol into ride-sharing vehicles so that when passengers get in the back of an uber or a live or a DD or a grab taxi they can get free internet and we think that that’s a great way to help grow phone to phone connectivity so that drivers who are sharing the time sharing their card you can also share their internet and make money.

 

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