How Decred is pioneering atomic swaps with JZ

0:07now we're here live with jay-z from deke read on the Crippler Point show and deke red solves a lot of like problems that are in a pic point governance right now yes and it's its own block chain yep and so essentially what are you guys trying to do that Bitcoin can't do we're basically trying to put that the power in the hands of people who actually have

0:27the points you know they have the most skin in the game you know not miners who are getting free electricity and just want to ROI you know people who you know want to be in this point and want to see it succeed and are gonna be here for the next ten years you know for sure yeah so what do you think in terms of thank you what do you think in terms of

0:48development of the application is it is it going really quickly are you guys are the early stages or are we going to be seeing some things to the public right away it's going really quick I mean because of our funding model we're self-funded and 10% of the block reward goes into a death fund so we've got money to do stuff right we can hire people who want to help build II cred so

1:09that's what we've been doing and the team has just been growing exponentially so we expect you know we'll be able to have multiple dev teams working on multiple implementations and have it grow really really quickly Wow can you talk a little bit about the compatibility with the D Craig Joaquin and other ball chains is easy to get wallet access and store the

1:30coins right so basically we have our own wallets and we're also on other wallets like Sheikh Exodus which has shape-shift built-in rather oh we've been talking to other guys like edge edge wants to integrate us soon so we'll be there as well and in terms of compatibility I mean our guys pioneered cross-chain atomic swamps you know being able to go from one point to another

1:51without an intermediary you know nope no risk no counterparty risk because they can't steal your money while you're doing the trade you know so we really believe in decentralization at our core you know we want to bring it everywhere that's awesome yeah I just saw a nick szabo speech and he mentioned atomic swap says one of the most important things probably for 2018 so I know

2:12there's some other platforms that are working on that but that's gonna be crucial in terms of liquidity I like security of your coins right maintaining control most people who are doing atomic swaps are doing it with our code they for card github repo and they sent us PRS and that's how they get integrated so we're really happy about it we know there's a bunch of exchanges coming

2:30about that are using our code to get that done so we think 2018 is going to be the year of atomic swaps as well awesome so in terms of the roadmap what are we looking for in a public development we're gonna be seeing things so basically we're gonna be doing SPV with compact filters so it's secure you don't have to trust a middleman or a server somewhere to tell you that you're

2:53making you got the correct balance and whatnot we've got Lightning Network that's gonna activate it all the primitives have activated and the codes gonna be live soon so you'll have unlimited scaling there and then the other big one is privacy so privacy like Manero and Z cache because people want you know real fungibility like a real currency you know if I give you 20 bucks you know

3:15that's the end of it you don't know where it came from yeah you can give it to somebody else and they're not gonna see who you got it from something that's essential to us because our guys are very big on privacy so we're going to be doing something new with privacy that's quite unique so it doesn't have similar privacy features to Manero and sea cash I can't

3:34talk about the details the devs have kept it under wraps but it's going to be it's gonna be different from what you've seen that's awesome that's awesome so I heard that there wasn't an icy l4d cred what was the story behind it so look it's self-funded we believe that the risk should be taken on us you know we're not gonna take other people's money and give them a bunch of promises

3:53and put the risk on them we want to build real products and have the market decide if they want them you know a lot of I SEOs raise a bunch of money you know then you're sitting on a hundred million dollars and where's the incentive to build something of value you know you've already you've already received the money I can go buy a Lambo you know I don't need to deliver a real

4:11product anymore you know so we like tying incentives together properly you know that's our big thing so the best place to get deep cred then we can't get it Nico where would you recommend going we're on we're on bit Rex so if you got a bit tricks can get there we're on Polonius as well and if you use shape-shift or Exodus wallet you can get it through that very easily as

4:32well or you can do anatomic swap with somebody who wants to trade with you cool so if we're looking in terms of social channels can we find you guys on slack in the development or on telegram get on D cred org slash community and you can see all our platforms there slack telegram discord everything you know reddit twitter you can see them all awesome well thanks a lot Jay Z thank

4:55you it's a pleasure you