1 00:00:03,620 --> 00:00:07,905 And continue. That same parent. 2 00:00:07,905 --> 00:00:09,540 Just hit the button, 3 00:00:09,540 --> 00:00:13,380 the blue button with the mouse down, 4 00:00:13,380 --> 00:00:15,914 the mouse on the right hand side. 5 00:00:15,914 --> 00:00:18,525 Sorry, I forgot to do that. 6 00:00:18,525 --> 00:00:21,045 Elimination, remember, 7 00:00:21,045 --> 00:00:24,210 is adding energy to the biosphere. 8 00:00:24,210 --> 00:00:25,499 And I'm going to point out, 9 00:00:25,499 --> 00:00:28,529 is the major problem we have now a problem, 10 00:00:28,529 --> 00:00:30,765 or should I say it's a major problem 11 00:00:30,765 --> 00:00:35,260 because Edna's entire biosphere, 12 00:00:37,160 --> 00:00:39,629 in order to find a solution 13 00:00:39,629 --> 00:00:42,250 we have no import. 14 00:00:42,540 --> 00:00:46,335 Now, I began this view of 15 00:00:46,335 --> 00:00:48,039 my work has led here by 16 00:00:48,039 --> 00:00:50,859 thinking about general evolution. 17 00:00:50,859 --> 00:00:52,974 In that, in terms of that, 18 00:00:52,974 --> 00:00:54,700 research, always is 19 00:00:54,700 --> 00:00:57,205 the technological lineage on Earth. 20 00:00:57,205 --> 00:00:59,019 No other speeds even 21 00:00:59,019 --> 00:01:00,894 lineage and compete with us. 22 00:01:00,894 --> 00:01:02,740 Because we keep on 23 00:01:02,740 --> 00:01:05,934 developing new tools and methods, 24 00:01:05,934 --> 00:01:08,185 giving them a new 25 00:01:08,185 --> 00:01:10,269 doubling you deal with continuous. 26 00:01:10,269 --> 00:01:12,639 So we basically started crashing Hayek, 27 00:01:12,639 --> 00:01:15,084 was this Mr. needs? 28 00:01:15,084 --> 00:01:17,214 No, nothing that up let's 29 00:01:17,214 --> 00:01:20,290 say retiree tigers are now gone. 30 00:01:20,290 --> 00:01:24,640 They were for a long time in main. 31 00:01:24,640 --> 00:01:28,404 Now we have hats which are harder to do. 32 00:01:28,404 --> 00:01:29,860 And getting them on the side of the 33 00:01:29,860 --> 00:01:31,704 faith that the club, 34 00:01:31,704 --> 00:01:33,894 they've got conical UP. 35 00:01:33,894 --> 00:01:38,005 They weren't big on Earth until we got it. 36 00:01:38,005 --> 00:01:41,739 We got so we could, 37 00:01:41,739 --> 00:01:43,060 and we did develop and 38 00:01:43,060 --> 00:01:45,979 our expand in our domain out. 39 00:01:48,060 --> 00:01:50,589 One of the tool their ancestors 40 00:01:50,589 --> 00:01:52,690 first Belk respire as process, 41 00:01:52,690 --> 00:01:55,119 a way of getting 42 00:01:55,119 --> 00:01:58,300 its element metabolism to both the cells. 43 00:01:58,300 --> 00:02:00,235 The smoke blew away. 44 00:02:00,235 --> 00:02:03,039 We took fire is good nor bad. 45 00:02:03,039 --> 00:02:05,709 Beginning with it. We still 46 00:02:05,709 --> 00:02:07,910 owe their mood today. 47 00:02:08,380 --> 00:02:13,280 We develop games and sharing many. 48 00:02:13,280 --> 00:02:15,860 And whether they were tray Gua, 49 00:02:15,860 --> 00:02:18,080 raise your hand and practitioners 50 00:02:18,080 --> 00:02:19,579 all the interest sharing 51 00:02:19,579 --> 00:02:21,379 because later generation 52 00:02:21,379 --> 00:02:23,659 took the ideas to develop and expand 53 00:02:23,659 --> 00:02:28,669 upon overtime and it'll change. 54 00:02:28,669 --> 00:02:31,834 But scale Trier's competed later kingdoms, 55 00:02:31,834 --> 00:02:33,409 better resource than submission. 56 00:02:33,409 --> 00:02:36,769 We, better technologies meant 57 00:02:36,769 --> 00:02:39,754 some group expanded their area of control. 58 00:02:39,754 --> 00:02:41,479 Metallurgy developed. 59 00:02:41,479 --> 00:02:42,919 We expand that I use the fire 60 00:02:42,919 --> 00:02:44,644 go much larger scale. 61 00:02:44,644 --> 00:02:46,429 We've never got asked 62 00:02:46,429 --> 00:02:48,899 the fact it's worldwide. 63 00:02:48,970 --> 00:02:53,629 Civilization clash between cultural groups. 64 00:02:53,629 --> 00:02:56,879 We got better methods everywhere. 65 00:02:57,370 --> 00:03:00,859 Eventually to a planet. 66 00:03:00,859 --> 00:03:03,739 That environment, although it's no longer 67 00:03:03,739 --> 00:03:05,180 small compared to what we 68 00:03:05,180 --> 00:03:08,099 were doing was small. 69 00:03:09,460 --> 00:03:14,429 One also result in one set of tools. 70 00:03:14,590 --> 00:03:18,409 After the Industrial Revolution began. 71 00:03:18,409 --> 00:03:21,260 Mass USE resources, we 72 00:03:21,260 --> 00:03:24,619 became dependent on fossil fuels. 73 00:03:24,619 --> 00:03:25,894 You have to understand 74 00:03:25,894 --> 00:03:27,649 the reason why paths are important 75 00:03:27,649 --> 00:03:31,894 is because while you have limited amount. 76 00:03:31,894 --> 00:03:36,200 My current growth, a 77 00:03:36,200 --> 00:03:40,710 large amount of you start road built. 78 00:03:42,460 --> 00:03:45,139 Eventually came to the realization 79 00:03:45,139 --> 00:03:47,479 that we live in Sufism or making, 80 00:03:47,479 --> 00:03:50,014 for example, wandering thoughts. 81 00:03:50,014 --> 00:03:52,999 And then at the store was worldwide. 82 00:03:52,999 --> 00:03:54,620 And it's very recently gave 83 00:03:54,620 --> 00:03:56,240 where exactly that that is not, 84 00:03:56,240 --> 00:03:58,715 you know, plays that speed go. 85 00:03:58,715 --> 00:04:01,790 We bought when data is we're living in 86 00:04:01,790 --> 00:04:02,750 a place that applies 87 00:04:02,750 --> 00:04:05,374 both pristine mountains modified. 88 00:04:05,374 --> 00:04:07,324 But anyhow. 89 00:04:07,324 --> 00:04:09,425 And so our 90 00:04:09,425 --> 00:04:12,630 civilization crushed everything guys. 91 00:04:13,210 --> 00:04:16,189 Don't worry about fossil fuel consumption 92 00:04:16,189 --> 00:04:17,779 and greenhouse gases and climate change, 93 00:04:17,779 --> 00:04:18,859 but the symptoms are 94 00:04:18,859 --> 00:04:20,089 technological development 95 00:04:20,089 --> 00:04:21,934 under a motivational system. 96 00:04:21,934 --> 00:04:23,599 They recognize the benefits 97 00:04:23,599 --> 00:04:24,844 derived for goods, 98 00:04:24,844 --> 00:04:27,920 but not by arms derived from back in the bad, 99 00:04:27,920 --> 00:04:30,480 they're associated with those goods. 100 00:04:31,000 --> 00:04:33,410 Now we know how to compensate 101 00:04:33,410 --> 00:04:36,185 undecided contemporary poets who smoke. 102 00:04:36,185 --> 00:04:38,810 This is due to an economist 103 00:04:38,810 --> 00:04:40,910 working twenties named Bob, 104 00:04:40,910 --> 00:04:43,010 who could go up, 105 00:04:43,010 --> 00:04:44,479 you can tax the bad, sufficiently 106 00:04:44,479 --> 00:04:45,965 bad efficiently. 107 00:04:45,965 --> 00:04:48,740 And let the ax, whoops, 108 00:04:48,740 --> 00:04:51,529 that other taxes, alternative tax relief. 109 00:04:51,529 --> 00:04:53,210 But either way, you get rid of 110 00:04:53,210 --> 00:04:55,429 the excess consumption of 111 00:04:55,429 --> 00:04:57,319 the good and you've made it. 112 00:04:57,319 --> 00:04:58,894 And you, you, you 113 00:04:58,894 --> 00:05:02,015 corrected that effect on distorting and 114 00:05:02,015 --> 00:05:05,480 I'm going to actually go off and we 115 00:05:05,480 --> 00:05:09,784 could accumulate bad signal overload. 116 00:05:09,784 --> 00:05:13,740 He continues to harm the future. 117 00:05:13,810 --> 00:05:17,569 Effects current generation for 118 00:05:17,569 --> 00:05:20,435 a long time and then later generations. 119 00:05:20,435 --> 00:05:22,340 Those generations are not 120 00:05:22,340 --> 00:05:24,140 only not compensate, 121 00:05:24,140 --> 00:05:26,149 that preferences can be 122 00:05:26,149 --> 00:05:27,994 considered plenty good as either being 123 00:05:27,994 --> 00:05:30,350 purchased ON THE pledges 124 00:05:30,350 --> 00:05:33,060 from its use of being enjoy. 125 00:05:33,370 --> 00:05:35,809 Thus, no tax can 126 00:05:35,809 --> 00:05:36,920 compensate for the 127 00:05:36,920 --> 00:05:38,640 harm under these conditions. 128 00:05:38,640 --> 00:05:42,219 The moral choice would have to be not 129 00:05:42,219 --> 00:05:46,180 put to the problem 130 00:05:46,180 --> 00:05:49,839 address here in this part is a moral one. 131 00:05:49,839 --> 00:05:52,749 Symptoms that a first-day addressed now, 132 00:05:52,749 --> 00:05:54,220 now only because they 133 00:05:54,220 --> 00:05:56,095 no longer be overlooked. 134 00:05:56,095 --> 00:05:59,319 Bears worn 1896. 135 00:05:59,319 --> 00:06:04,089 Greenhouse. Demonstrating that morality 136 00:06:04,089 --> 00:06:07,525 is easier in the abstract synonymy alum, 137 00:06:07,525 --> 00:06:10,099 and in reality, 138 00:06:10,860 --> 00:06:14,214 our solution is correct existing alarms 139 00:06:14,214 --> 00:06:17,454 as best possible MongoD motivational system 140 00:06:17,454 --> 00:06:19,524 and will generate that much progress 141 00:06:19,524 --> 00:06:21,135 in directly to the open syndrome. 142 00:06:21,135 --> 00:06:23,730 Look what similar arms. 143 00:06:24,160 --> 00:06:28,010 Now, that would seem to be impossible, 144 00:06:28,010 --> 00:06:30,769 but it is we can 145 00:06:30,769 --> 00:06:32,480 have technological development 146 00:06:32,480 --> 00:06:34,925 without the biosphere. 147 00:06:34,925 --> 00:06:37,444 But he can't use mineral sources. 148 00:06:37,444 --> 00:06:41,149 Energy, solar power, on the other hand, 149 00:06:41,149 --> 00:06:43,504 never add then goodbyes here. 150 00:06:43,504 --> 00:06:46,220 Whether it's directly or indirectly, 151 00:06:46,220 --> 00:06:48,139 if you actually know wind waves and I 152 00:06:48,139 --> 00:06:50,510 do actually, the sun shines. 153 00:06:50,510 --> 00:06:53,120 It always adds energy to the biosphere. 154 00:06:53,120 --> 00:06:54,800 We can do whatever we want to 155 00:06:54,800 --> 00:06:58,050 that energy without too much. 156 00:06:59,230 --> 00:07:03,469 So the only moral choice we go full forward. 157 00:07:03,469 --> 00:07:07,970 We're so close. The limited use 158 00:07:07,970 --> 00:07:09,560 of the past and other minerals for 159 00:07:09,560 --> 00:07:12,019 entry and the generation of 160 00:07:12,019 --> 00:07:14,749 greenhouse gasses at their impacts 161 00:07:14,749 --> 00:07:18,570 on the biosphere are negligible. 162 00:07:23,740 --> 00:07:26,300 So going for, so there must 163 00:07:26,300 --> 00:07:28,550 be a long-term goal. 164 00:07:28,550 --> 00:07:31,910 Obviously, it can't be him. 165 00:07:31,910 --> 00:07:37,559 And Andrew. Luke would end. 166 00:07:38,410 --> 00:07:42,629 Transitioning to low fossil fuel use. 167 00:07:42,790 --> 00:07:46,799 Requires a few steps. 168 00:07:46,990 --> 00:07:51,229 Is that going to carbon-rich Boston with 169 00:07:51,229 --> 00:07:53,074 your fuel and feedstock 170 00:07:53,074 --> 00:07:55,325 is less expensive than alternatives. 171 00:07:55,325 --> 00:07:58,175 It doesn't matter what 172 00:07:58,175 --> 00:08:02,239 your green new deal might be. 173 00:08:02,239 --> 00:08:03,904 You gotta faced that, 174 00:08:03,904 --> 00:08:06,019 that it can have fossil fuel thing, 175 00:08:06,019 --> 00:08:10,460 cheap way to solar 176 00:08:10,460 --> 00:08:11,660 has to become less expensive, 177 00:08:11,660 --> 00:08:14,749 eventually, bottomed out, disrupt 178 00:08:14,749 --> 00:08:20,670 everyday life during the transition period. 179 00:08:21,310 --> 00:08:24,484 Now, if you ever, 180 00:08:24,484 --> 00:08:28,400 if you ignore the fact that fossil known cure 181 00:08:28,400 --> 00:08:30,620 must become less expensive 182 00:08:30,620 --> 00:08:32,630 once you end up with, 183 00:08:32,630 --> 00:08:34,879 is having a border crop. 184 00:08:34,879 --> 00:08:37,879 Oh, you've got more expensive materials. 185 00:08:37,879 --> 00:08:38,795 Here. 186 00:08:38,795 --> 00:08:39,230 They're 187 00:08:39,230 --> 00:08:41,569 less expensive materials in another country. 188 00:08:41,569 --> 00:08:43,490 They are not doing what we're doing. 189 00:08:43,490 --> 00:08:45,379 So we started importing goods 190 00:08:45,379 --> 00:08:47,675 instead of using a euro. 191 00:08:47,675 --> 00:08:49,279 That would've happened anyway, 192 00:08:49,279 --> 00:08:52,459 you deal that ignores the boys. 193 00:08:52,459 --> 00:08:54,964 So I am going to 194 00:08:54,964 --> 00:08:56,179 develop without 195 00:08:56,179 --> 00:08:57,469 discussing the poorer problem, 196 00:08:57,469 --> 00:08:59,870 but I want you to be aware of the fact that 197 00:08:59,870 --> 00:09:04,079 order problem will be addressed in the story. 198 00:09:04,720 --> 00:09:09,514 Ultimately. Now technological development 199 00:09:09,514 --> 00:09:11,329 itself has checked your SD 200 00:09:11,329 --> 00:09:13,249 rapidly to avoid the fog. 201 00:09:13,249 --> 00:09:15,050 That's the only heating pad that 202 00:09:15,050 --> 00:09:19,175 obviously you don't want is if they're oiled. 203 00:09:19,175 --> 00:09:21,755 So we have to do something in a hurry. 204 00:09:21,755 --> 00:09:23,675 But if you take a look at the curves, 205 00:09:23,675 --> 00:09:26,239 what it really means is that you gotta 206 00:09:26,239 --> 00:09:29,165 get knot is 0 growth in June you, 207 00:09:29,165 --> 00:09:33,259 in missions, you gotta get emissions down. 208 00:09:33,259 --> 00:09:41,764 You guys are movies that came what follows? 209 00:09:41,764 --> 00:09:43,490 It's best to understand where 210 00:09:43,490 --> 00:09:45,695 technological progress takes place, 211 00:09:45,695 --> 00:09:50,390 why we can turn our attention to the points. 212 00:09:50,390 --> 00:09:56,510 B, I changed my partner's toddlers. 213 00:09:56,510 --> 00:09:58,685 They can walk. Our ancestors 214 00:09:58,685 --> 00:10:00,319 had to fight your way down. 215 00:10:00,319 --> 00:10:02,749 Trees, connect your input file. 216 00:10:02,749 --> 00:10:05,789 And Lady, generation by 217 00:10:05,890 --> 00:10:09,079 generation than those who 218 00:10:09,079 --> 00:10:11,585 lack the kind of tools and weapons VA, 219 00:10:11,585 --> 00:10:14,164 to fending off predators. 220 00:10:14,164 --> 00:10:16,055 Predators and still learning 221 00:10:16,055 --> 00:10:18,329 that they had something here. 222 00:10:18,820 --> 00:10:21,935 Once those two problems with the belt, 223 00:10:21,935 --> 00:10:23,614 we're taking care of near term, 224 00:10:23,614 --> 00:10:25,325 you can have this upkeep one round 225 00:10:25,325 --> 00:10:27,689 hung up, stockpile. 226 00:10:27,689 --> 00:10:30,339 But no matter which 227 00:10:30,339 --> 00:10:31,930 way you tell a story about a time, 228 00:10:31,930 --> 00:10:33,565 you got us on the ground and 229 00:10:33,565 --> 00:10:37,430 technological development as pecan. 230 00:10:38,760 --> 00:10:41,110 What makes us a tech Blanche 231 00:10:41,110 --> 00:10:43,810 lineage goods contain idx ON children. 232 00:10:43,810 --> 00:10:45,489 I had the tools they 233 00:10:45,489 --> 00:10:48,070 can improve abundant in the future. 234 00:10:48,070 --> 00:10:50,229 Have a tool that's continuously 235 00:10:50,229 --> 00:10:51,610 and training our children to 236 00:10:51,610 --> 00:10:52,989 improve tools and methods 237 00:10:52,989 --> 00:10:54,549 views to these better than 238 00:10:54,549 --> 00:10:56,005 their parents generation to 239 00:10:56,005 --> 00:10:59,179 what makes us the technological image. 240 00:11:00,060 --> 00:11:03,620 It's a learning by doing story. 241 00:11:03,780 --> 00:11:06,430 Technology in its broader sense. 242 00:11:06,430 --> 00:11:08,139 Now Ottoman art or craft. 243 00:11:08,139 --> 00:11:10,499 So I'm not being narrow in magnesium. 244 00:11:10,499 --> 00:11:13,520 Pick out your new generation 245 00:11:13,520 --> 00:11:14,795 and push any grants, 246 00:11:14,795 --> 00:11:16,565 or it'll stop when 247 00:11:16,565 --> 00:11:18,110 you directions that new 248 00:11:18,110 --> 00:11:19,580 limits when they suddenly, 249 00:11:19,580 --> 00:11:22,535 it's all learning by doing batches. 250 00:11:22,535 --> 00:11:24,680 One result, what's competition another, 251 00:11:24,680 --> 00:11:27,050 so its growth and scientific knowledge. 252 00:11:27,050 --> 00:11:29,990 Consequently voila dependent. 253 00:11:29,990 --> 00:11:32,045 And so is the growth of the aggregate 254 00:11:32,045 --> 00:11:33,860 about what we're not 255 00:11:33,860 --> 00:11:36,269 looking at are not developed. 256 00:11:39,490 --> 00:11:42,260 There are four kinds of components 257 00:11:42,260 --> 00:11:43,820 in different courses. 258 00:11:43,820 --> 00:11:45,844 In technological development. 259 00:11:45,844 --> 00:11:47,674 You were each one. 260 00:11:47,674 --> 00:11:50,029 Therefore, they're all driven by 261 00:11:50,029 --> 00:11:53,610 the fact that the surplus or prepare foods. 262 00:11:53,620 --> 00:12:00,244 And he developed an individual experts 263 00:12:00,244 --> 00:12:02,945 as accumulating noun, the sum. 264 00:12:02,945 --> 00:12:05,915 What we think of is that while large, 265 00:12:05,915 --> 00:12:08,360 not wallet, which is in current news, 266 00:12:08,360 --> 00:12:10,369 but which we can define quickly. 267 00:12:10,369 --> 00:12:14,250 One, you got music, for example. 268 00:12:15,070 --> 00:12:17,510 You can think about vacuum tubes, 269 00:12:17,510 --> 00:12:19,684 but use them anymore. 270 00:12:19,684 --> 00:12:21,769 We have lineages of experts, 271 00:12:21,769 --> 00:12:22,879 generic brightnesses. 272 00:12:22,879 --> 00:12:24,859 That's basically when any PhD program 273 00:12:24,859 --> 00:12:27,185 is focused knowledge. 274 00:12:27,185 --> 00:12:31,820 By those narrow but deep. 275 00:12:31,820 --> 00:12:34,430 We have limited and we have carbon, 276 00:12:34,430 --> 00:12:35,959 not attitudes, needs, food, 277 00:12:35,959 --> 00:12:38,240 clothing, shelter, et cetera. 278 00:12:38,240 --> 00:12:41,090 More than we realize because we're using 279 00:12:41,090 --> 00:12:44,584 all the time, is wide knowledge. 280 00:12:44,584 --> 00:12:49,474 But shallow. We all share. 281 00:12:49,474 --> 00:12:52,130 So we know how to consume. 282 00:12:52,130 --> 00:12:55,819 We have mains or sharing spoils, 283 00:12:55,819 --> 00:12:57,200 newly technology, that is 284 00:12:57,200 --> 00:12:58,925 the action of lineages, 285 00:12:58,925 --> 00:13:01,264 experts and parenthesis and 286 00:13:01,264 --> 00:13:04,039 businesses to produce ideas 287 00:13:04,039 --> 00:13:06,769 and things which we can then use. 288 00:13:06,769 --> 00:13:10,339 And of course, as experts, 289 00:13:10,339 --> 00:13:13,129 you pay what we're doing medical service. 290 00:13:13,129 --> 00:13:17,540 A nice owes you 291 00:13:17,540 --> 00:13:20,405 thinking about what happened in simplistic, 292 00:13:20,405 --> 00:13:23,540 slow, pretty stark village. 293 00:13:23,540 --> 00:13:27,245 You can imagine that people went out. 294 00:13:27,245 --> 00:13:28,669 You get materials they 295 00:13:28,669 --> 00:13:30,980 shared than pitcher and adequate. 296 00:13:30,980 --> 00:13:33,169 And then if they had 297 00:13:33,169 --> 00:13:36,184 enough food to each other, they could rest. 298 00:13:36,184 --> 00:13:38,015 So you end up reducing 299 00:13:38,015 --> 00:13:42,090 basically Islam and not nothing much pork. 300 00:13:42,490 --> 00:13:46,310 So one row and one is an adequate way of 301 00:13:46,310 --> 00:13:49,445 describing division in a very small crew. 302 00:13:49,445 --> 00:13:50,930 When everybody knows one another, 303 00:13:50,930 --> 00:13:53,404 we portray starts betray 304 00:13:53,404 --> 00:13:55,699 the milk baseband useful materials. 305 00:13:55,699 --> 00:13:58,220 That bookbinder, lovely and easy to access. 306 00:13:58,220 --> 00:14:01,250 I love these scarce materials 307 00:14:01,250 --> 00:14:03,065 and more valuable elsewhere. 308 00:14:03,065 --> 00:14:05,104 And they are locally. 309 00:14:05,104 --> 00:14:07,265 A little bit of effort. 310 00:14:07,265 --> 00:14:08,929 And a big payoff blue 311 00:14:08,929 --> 00:14:10,220 tray because you take what you 312 00:14:10,220 --> 00:14:13,444 can easily get and getting Embedded. 313 00:14:13,444 --> 00:14:16,355 C, new economic mechanisms developed. 314 00:14:16,355 --> 00:14:18,229 There's no page rank for all. 315 00:14:18,229 --> 00:14:21,095 Consider specialist bass fishing nets. 316 00:14:21,095 --> 00:14:23,945 Reads, traders were grown 317 00:14:23,945 --> 00:14:26,419 using tools made from Obsidian trade, 318 00:14:26,419 --> 00:14:28,550 where their mind, they're all trade. 319 00:14:28,550 --> 00:14:30,259 It then interacts with the oily fish 320 00:14:30,259 --> 00:14:31,774 that's found elsewhere, 321 00:14:31,774 --> 00:14:33,379 which are carrying with 322 00:14:33,379 --> 00:14:35,960 the baskets and which we'll call the nets. 323 00:14:35,960 --> 00:14:38,389 Everybody gains from trade. 324 00:14:38,389 --> 00:14:40,910 Good city, any paper 325 00:14:40,910 --> 00:14:42,620 depleted in Gadamer is not spend 326 00:14:42,620 --> 00:14:44,089 very much time on that 327 00:14:44,089 --> 00:14:47,270 traveled city to read gatherers, 328 00:14:47,270 --> 00:14:50,510 aggregate what's available, where it's grown. 329 00:14:50,510 --> 00:14:52,219 This nearby. They could do a 330 00:14:52,219 --> 00:14:55,040 very suddenly and fissured 331 00:14:55,040 --> 00:14:58,819 fisher people and then 332 00:14:58,819 --> 00:15:00,859 probably live by River. 333 00:15:00,859 --> 00:15:06,409 At certain times v or we have to go to money. 334 00:15:06,409 --> 00:15:08,809 Is money introduced an evolutionary sequence 335 00:15:08,809 --> 00:15:10,099 whenever there's no trust 336 00:15:10,099 --> 00:15:11,839 can trader that later, 337 00:15:11,839 --> 00:15:13,519 the money will add value. 338 00:15:13,519 --> 00:15:15,304 Ok, you don't think of it as b. 339 00:15:15,304 --> 00:15:17,729 Now I haven't gotten exactly. 340 00:15:17,770 --> 00:15:20,780 Money. Allows the timing 341 00:15:20,780 --> 00:15:23,224 of the production of trade goods because 342 00:15:23,224 --> 00:15:26,059 transaction which would allow you to harvest 343 00:15:26,059 --> 00:15:28,984 is a Hopkins and pick up a fish a later day. 344 00:15:28,984 --> 00:15:32,719 A massive gain from Gregory One. 345 00:15:32,719 --> 00:15:35,060 Money as a store of value, 346 00:15:35,060 --> 00:15:37,204 which means by which it allows 347 00:15:37,204 --> 00:15:38,120 separation and could 348 00:15:38,120 --> 00:15:40,084 actually bursting assumption. 349 00:15:40,084 --> 00:15:42,419 But it requires trust. 350 00:15:42,610 --> 00:15:46,114 There's a very important concepts. 351 00:15:46,114 --> 00:15:48,409 Way. Money as a practical matter, 352 00:15:48,409 --> 00:15:49,894 becomes useful. 353 00:15:49,894 --> 00:15:52,519 Or large economy is you could pay accident, 354 00:15:52,519 --> 00:15:56,359 but it is worthwhile. 355 00:15:56,359 --> 00:15:59,789 If you can trust your gut. 356 00:16:00,160 --> 00:16:03,080 The catcher's mitt, you start with 357 00:16:03,080 --> 00:16:06,239 a few dollars and even another connections. 358 00:16:07,630 --> 00:16:09,770 At any point in time, 359 00:16:09,770 --> 00:16:11,870 your roll direction that love which API 360 00:16:11,870 --> 00:16:14,764 both Watkins because once I produce 361 00:16:14,764 --> 00:16:16,489 dinner rolls expert at doing 362 00:16:16,489 --> 00:16:20,119 enough normal that much extra City 363 00:16:20,119 --> 00:16:21,920 and ability to pay the tray. 364 00:16:21,920 --> 00:16:24,860 So demand determined what has produced. 365 00:16:24,860 --> 00:16:26,539 Thinking this is the business as 366 00:16:26,539 --> 00:16:29,090 usual situation. Peering way trick. 367 00:16:29,090 --> 00:16:30,815 You can use the normal pattern, 368 00:16:30,815 --> 00:16:33,409 change, direction and technological change. 369 00:16:33,409 --> 00:16:35,000 Necessary change, what customers 370 00:16:35,000 --> 00:16:38,070 want and what produces that one. 371 00:16:40,570 --> 00:16:42,590 Business as usual, can be 372 00:16:42,590 --> 00:16:44,059 changed either by introducing 373 00:16:44,059 --> 00:16:45,649 a new technology which 374 00:16:45,649 --> 00:16:46,850 give them percolate through. 375 00:16:46,850 --> 00:16:50,434 This is what most between trying to 376 00:16:50,434 --> 00:16:52,489 provide motivation to produce 377 00:16:52,489 --> 00:16:55,519 these rapidly changing ba, 378 00:16:55,519 --> 00:16:59,120 ba you by introducing a new technology is no. 379 00:16:59,120 --> 00:17:01,280 One set of specialists must 380 00:17:01,280 --> 00:17:02,104 commercialized 381 00:17:02,104 --> 00:17:03,754 technology for other specialists, 382 00:17:03,754 --> 00:17:06,020 use it and pop and wrong ways. 383 00:17:06,020 --> 00:17:07,040 They don't even know how they want 384 00:17:07,040 --> 00:17:08,870 to use it to learn. 385 00:17:08,870 --> 00:17:11,659 But only after being 386 00:17:11,659 --> 00:17:13,999 introduced and popularized, 387 00:17:13,999 --> 00:17:16,115 the technology actually 388 00:17:16,115 --> 00:17:18,365 does throughout the economy. 389 00:17:18,365 --> 00:17:19,580 For example, 390 00:17:19,580 --> 00:17:21,679 considering the boundary computing runtimes, 391 00:17:21,679 --> 00:17:23,645 yeah, may seem them. 392 00:17:23,645 --> 00:17:25,579 And it's importantly do 393 00:17:25,579 --> 00:17:28,054 but relate pretty accurately. 394 00:17:28,054 --> 00:17:29,809 Principal business computers 395 00:17:29,809 --> 00:17:32,270 developed only in large-scale, 396 00:17:32,270 --> 00:17:33,560 business oriented 397 00:17:33,560 --> 00:17:35,900 approximately 20 years to appear. 398 00:17:35,900 --> 00:17:37,460 And then people did 399 00:17:37,460 --> 00:17:39,200 not know what to do with them. 400 00:17:39,200 --> 00:17:41,779 Immediately. They didn't business, 401 00:17:41,779 --> 00:17:45,919 but elsewhere in the anion and the start of 402 00:17:45,919 --> 00:17:47,614 widespread individual access to 403 00:17:47,614 --> 00:17:51,019 machines to one another through 16 years. 404 00:17:51,019 --> 00:17:52,790 That the fog is 405 00:17:52,790 --> 00:17:55,440 more before the first smartphones. 406 00:17:55,870 --> 00:17:58,459 Smart phone didn't get fully 407 00:17:58,459 --> 00:18:00,769 adapted for another six years after that. 408 00:18:00,769 --> 00:18:02,360 You'll get the point here. 409 00:18:02,360 --> 00:18:04,069 If I'm computing, starting 410 00:18:04,069 --> 00:18:06,080 to penetrate the business cleanly, 411 00:18:06,080 --> 00:18:08,975 where it became that, sorry. 412 00:18:08,975 --> 00:18:11,120 We don't have people 413 00:18:11,120 --> 00:18:14,429 year is with the climate change problem. 414 00:18:15,940 --> 00:18:18,874 Change motivational, Timmy tasker, 415 00:18:18,874 --> 00:18:20,795 experts grab economy of 416 00:18:20,795 --> 00:18:22,999 families and others were very frankly to 417 00:18:22,999 --> 00:18:26,359 see the sequential development about using 418 00:18:26,359 --> 00:18:28,790 new technology is replaced by 419 00:18:28,790 --> 00:18:30,274 parallel developments 420 00:18:30,274 --> 00:18:33,004 in marketing and new technologies. 421 00:18:33,004 --> 00:18:35,450 So they go up absolutely quickly. 422 00:18:35,450 --> 00:18:36,929 We should work simultaneously, 423 00:18:36,929 --> 00:18:38,525 be psych when electric Asian 424 00:18:38,525 --> 00:18:41,220 biofuels and logging in. 425 00:18:43,330 --> 00:18:45,500 A second best solution 426 00:18:45,500 --> 00:18:49,640 is what we can 427 00:18:49,640 --> 00:18:51,079 empower future residents 428 00:18:51,079 --> 00:18:52,399 and citizens directly. 429 00:18:52,399 --> 00:18:54,140 We can empower individual 430 00:18:54,140 --> 00:18:57,570 current residents and citizens. 431 00:18:57,940 --> 00:19:01,049 As proxies. 432 00:19:02,830 --> 00:19:05,149 We can do this by letting 433 00:19:05,149 --> 00:19:07,205 everybody be compensated. 434 00:19:07,205 --> 00:19:09,995 Use of Yan'an Spirit sewer. 435 00:19:09,995 --> 00:19:13,460 In other words, if you want to sell my Air, 436 00:19:13,460 --> 00:19:18,454 painting, rate of compensation 437 00:19:18,454 --> 00:19:20,330 at a minimum set 438 00:19:20,330 --> 00:19:23,370 and it can increase year by year. 439 00:19:23,850 --> 00:19:27,339 So when I'm talking about is 440 00:19:27,339 --> 00:19:29,420 recognizing something of value 441 00:19:29,420 --> 00:19:31,644 each adult desert that says, 442 00:19:31,644 --> 00:19:34,900 given h and equal share and total energy, 443 00:19:34,900 --> 00:19:36,759 you use newly 444 00:19:36,759 --> 00:19:38,800 extracted fossil fuel materials. 445 00:19:38,800 --> 00:19:40,509 That's good news 446 00:19:40,509 --> 00:19:41,860 for you or something, you know, 447 00:19:41,860 --> 00:19:44,770 any firing as being 448 00:19:44,770 --> 00:19:48,250 burned in the US because they have limited 449 00:19:48,250 --> 00:19:50,394 as to where you were 450 00:19:50,394 --> 00:19:51,729 where you can basically you 451 00:19:51,729 --> 00:19:55,689 bet on employ them. 452 00:19:55,689 --> 00:19:58,359 I don't want to make us 453 00:19:58,359 --> 00:20:01,584 broadly construed to MCU or protect us. 454 00:20:01,584 --> 00:20:03,639 And us agency in 455 00:20:03,639 --> 00:20:06,570 pure Workbook says what to measure? 456 00:20:06,570 --> 00:20:08,869 That total energy content. 457 00:20:08,869 --> 00:20:10,354 We want to measure. 458 00:20:10,354 --> 00:20:16,759 The shares, manage every weekday, 459 00:20:16,759 --> 00:20:18,319 require every business unit and 460 00:20:18,319 --> 00:20:20,209 governing agency or any By once 461 00:20:20,209 --> 00:20:25,009 used much here is z by shares intended 462 00:20:25,009 --> 00:20:26,719 them to their supplier of 463 00:20:26,719 --> 00:20:30,845 fuel and send a minimum price, 464 00:20:30,845 --> 00:20:33,290 which will then yes, blade overtime. 465 00:20:33,290 --> 00:20:35,419 Hours per guest me gallon 466 00:20:35,419 --> 00:20:37,354 equivalent starting in comprise 467 00:20:37,354 --> 00:20:39,740 each adult method and citizen would see but 468 00:20:39,740 --> 00:20:45,004 $68 shares using an average of $1000, 469 00:20:45,004 --> 00:20:48,885 leaving them with $5 thousand bonus. 470 00:20:48,885 --> 00:20:52,720 Every person by a small car 471 00:20:52,720 --> 00:20:56,605 do their biologic are a privilege. 472 00:20:56,605 --> 00:21:03,490 However, there is far more well-being, 473 00:21:03,490 --> 00:21:05,379 fuel credits being given out 474 00:21:05,379 --> 00:21:07,089 than almost anybody who 475 00:21:07,089 --> 00:21:10,885 doesn't know what I 476 00:21:10,885 --> 00:21:13,360 ended with the shares isn't new. 477 00:21:13,360 --> 00:21:18,729 Money. They separate the consumption of 478 00:21:18,729 --> 00:21:23,664 fossil fuel production because they 479 00:21:23,664 --> 00:21:30,405 purchase or the fuels are delivered. 480 00:21:30,405 --> 00:21:33,564 Anybody? Sure? Servers had 481 00:21:33,564 --> 00:21:37,160 the money to buy the product at depressed. 482 00:21:37,160 --> 00:21:39,785 So we already have what she 483 00:21:39,785 --> 00:21:42,514 should be year about income distribution. 484 00:21:42,514 --> 00:21:45,275 Okay? Expensive use. 485 00:21:45,275 --> 00:21:49,919 Not made any by changing our habits at all. 486 00:21:51,220 --> 00:21:55,804 Businesses usual continue course instead, 487 00:21:55,804 --> 00:21:57,590 something it'll be cheaper than others. 488 00:21:57,590 --> 00:21:59,509 And if you still make consumer choices 489 00:21:59,509 --> 00:22:02,150 and begin parsing way. 490 00:22:02,150 --> 00:22:05,525 Now, anaphase, but that's my wife. 491 00:22:05,525 --> 00:22:09,785 That sort of share a little bit. 492 00:22:09,785 --> 00:22:12,800 Limited supplier diploma delivery. 493 00:22:12,800 --> 00:22:15,379 Then the money supply 494 00:22:15,379 --> 00:22:17,614 that labor shares bears, 495 00:22:17,614 --> 00:22:20,974 and so on down the economy ultimately will 496 00:22:20,974 --> 00:22:24,785 reach tractors of fossil fuel materials. 497 00:22:24,785 --> 00:22:26,389 They would have to buy shares to 498 00:22:26,389 --> 00:22:29,059 cover any waste fraction. 499 00:22:29,059 --> 00:22:31,669 You issue the shares, the ABC. 500 00:22:31,669 --> 00:22:33,769 So flared gas is 501 00:22:33,769 --> 00:22:36,514 very expensive process after him. 502 00:22:36,514 --> 00:22:40,430 Or the shares will be 503 00:22:40,430 --> 00:22:43,355 extinguishment place of extraction 504 00:22:43,355 --> 00:22:47,159 so that the new sheriff on all the time. 505 00:22:49,390 --> 00:22:52,400 Non-negative surveys have enough cash 506 00:22:52,400 --> 00:22:54,589 to all needed fresh voices. 507 00:22:54,589 --> 00:22:56,575 Most businesses, no reason cut 508 00:22:56,575 --> 00:22:59,149 operation or miss those, 509 00:22:59,149 --> 00:23:01,249 those fossil fuel companies too, 510 00:23:01,249 --> 00:23:03,439 because they lack the operating if people 511 00:23:03,439 --> 00:23:06,019 still don't have enough renewal 512 00:23:06,019 --> 00:23:09,560 and operational choice as experts in 513 00:23:09,560 --> 00:23:12,154 manufacturing many battery that 514 00:23:12,154 --> 00:23:14,704 you immediately what it's doing now. 515 00:23:14,704 --> 00:23:18,170 As consumers, we got stuff and how we get 516 00:23:18,170 --> 00:23:21,814 our houses when we were a bit, 517 00:23:21,814 --> 00:23:26,044 we're not going to change my black. 518 00:23:26,044 --> 00:23:29,189 Click Next. 519 00:23:30,510 --> 00:23:32,695 So while at first, 520 00:23:32,695 --> 00:23:35,830 fossil fuel in the world today, 521 00:23:35,830 --> 00:23:38,469 everybody be planning decrease 522 00:23:38,469 --> 00:23:40,914 that fossil fuel materials consumption. 523 00:23:40,914 --> 00:23:43,329 Businesses you in the short run, 524 00:23:43,329 --> 00:23:45,880 but not necessarily in the long run. 525 00:23:45,880 --> 00:23:48,610 So we've gotten rid of the product back and 526 00:23:48,610 --> 00:23:51,820 sense because a lot of fear why they're here. 527 00:23:51,820 --> 00:23:54,204 And then here you have a government agency 528 00:23:54,204 --> 00:23:58,015 or small program at a university. 529 00:23:58,015 --> 00:24:01,899 And you have a bigger business unit 530 00:24:01,899 --> 00:24:02,950 here wherever you're 531 00:24:02,950 --> 00:24:04,359 charged with business unit, 532 00:24:04,359 --> 00:24:07,510 which in your case need some fossil fuel, 533 00:24:07,510 --> 00:24:09,039 needs to purchase the materials 534 00:24:09,039 --> 00:24:10,615 fascinating periods. 535 00:24:10,615 --> 00:24:12,584 Maybe fuel for vehicles. 536 00:24:12,584 --> 00:24:14,089 But we know that if you can at 537 00:24:14,089 --> 00:24:15,724 some point can have access to 538 00:24:15,724 --> 00:24:17,719 shared because madam available 539 00:24:17,719 --> 00:24:19,280 at a certain point in time, 540 00:24:19,280 --> 00:24:21,274 we'd actually goldmine to all 541 00:24:21,274 --> 00:24:23,720 ordered the point you can't access 542 00:24:23,720 --> 00:24:25,685 the shared by RNA bands 543 00:24:25,685 --> 00:24:28,384 and store them because they expelled eighth. 544 00:24:28,384 --> 00:24:32,359 And then the new quantity that you cannot put 545 00:24:32,359 --> 00:24:35,524 the need for fossil fuel materials 546 00:24:35,524 --> 00:24:38,060 aside when you have treatment methods. 547 00:24:38,060 --> 00:24:39,454 It's going to be foremost, 548 00:24:39,454 --> 00:24:42,079 you're thinking, no money 549 00:24:42,079 --> 00:24:44,645 in the bank with the fossil fuel material. 550 00:24:44,645 --> 00:24:46,429 Your valuable time isn't 551 00:24:46,429 --> 00:24:49,099 Europe unit scarcest resource? 552 00:24:49,099 --> 00:24:51,110 To motivation to go 553 00:24:51,110 --> 00:24:54,659 fossil fuel material is very high. 554 00:24:58,320 --> 00:25:02,950 Now, when you are dealing with taxes, 555 00:25:02,950 --> 00:25:05,245 revised price instead of shares, 556 00:25:05,245 --> 00:25:08,020 majuscule always computed tradeoff, 557 00:25:08,020 --> 00:25:10,615 inequality Ax and no action. 558 00:25:10,615 --> 00:25:14,094 They have an equilibrium solution as well. 559 00:25:14,094 --> 00:25:17,109 Basically business as usual is. So thanks. 560 00:25:17,109 --> 00:25:22,149 Noise smooth operations with shares of money 561 00:25:22,149 --> 00:25:24,580 manages base the possibility 562 00:25:24,580 --> 00:25:27,535 of being honored with no materials available. 563 00:25:27,535 --> 00:25:31,060 Corner solutions, no equilibrium solution. 564 00:25:31,060 --> 00:25:33,280 So they hadn't thank actually 565 00:25:33,280 --> 00:25:35,199 either repeatedly get asked, 566 00:25:35,199 --> 00:25:37,814 you know, periods or by going FFmpeg. 567 00:25:37,814 --> 00:25:41,285 There is no choice. There is no easy way out. 568 00:25:41,285 --> 00:25:44,840 There is no business as usual. 569 00:25:44,840 --> 00:25:47,000 But then internal. 570 00:25:47,000 --> 00:25:49,625 They're experts in their own area 571 00:25:49,625 --> 00:25:51,724 with a new direction of learning by doing 572 00:25:51,724 --> 00:25:52,940 which they actually get 573 00:25:52,940 --> 00:25:56,540 to. Consumers will want to go. 574 00:25:56,540 --> 00:25:58,460 So O&M will share yourselves so they can 575 00:25:58,460 --> 00:26:01,085 paradigm of negotiating roots. 576 00:26:01,085 --> 00:26:03,409 The question of how it gets over 577 00:26:03,409 --> 00:26:05,780 L is live long enough 578 00:26:05,780 --> 00:26:07,249 that you're not going to take 579 00:26:07,249 --> 00:26:10,339 the electrical grid with utilities, 580 00:26:10,339 --> 00:26:12,260 which start with fossil plants. 581 00:26:12,260 --> 00:26:16,355 And then trying to, trying to serve, 582 00:26:16,355 --> 00:26:19,865 to serve customer reports by shares. 583 00:26:19,865 --> 00:26:24,785 And everybody will have the normal power. 584 00:26:24,785 --> 00:26:27,229 Their customers no electrical 585 00:26:27,229 --> 00:26:29,300 devices. Are they using? 586 00:26:29,300 --> 00:26:31,070 Fossil power plants? 587 00:26:31,070 --> 00:26:34,115 Make 201A mofo is best possible. 588 00:26:34,115 --> 00:26:37,324 Wasted fuel projects become feasible. 589 00:26:37,324 --> 00:26:40,009 This was interesting to me when I looked up 590 00:26:40,009 --> 00:26:44,015 the costs of doing wasted fuel projects, 591 00:26:44,015 --> 00:26:46,594 either in foreign waste of food waste, 592 00:26:46,594 --> 00:26:50,675 or in terms of plastic ways. 593 00:26:50,675 --> 00:26:53,120 I discovered you didn't mean very much 594 00:26:53,120 --> 00:26:56,225 but sensitive. Mckenzie Galway. 595 00:26:56,225 --> 00:26:59,659 Ok. So if you made possible with 596 00:26:59,659 --> 00:27:00,980 your yields a couple Madonna's more 597 00:27:00,980 --> 00:27:03,995 expensive per day. Going down the equivalent. 598 00:27:03,995 --> 00:27:07,189 You certainly have the capacity to do a lot 599 00:27:07,189 --> 00:27:10,954 of a lot of recycling site, 600 00:27:10,954 --> 00:27:14,400 which is the way to go. 601 00:27:15,250 --> 00:27:19,100 So because waste fuel products, 602 00:27:19,100 --> 00:27:23,120 usable organism as raw material suppliers, 603 00:27:23,120 --> 00:27:25,670 and finding new directions learning. 604 00:27:25,670 --> 00:27:28,190 We've changed over basically 605 00:27:28,190 --> 00:27:29,975 the fundamental question. 606 00:27:29,975 --> 00:27:31,849 The way people approach. 607 00:27:31,849 --> 00:27:34,309 They wanted to technologically, 608 00:27:34,309 --> 00:27:37,834 what are taking emphasis from my really, 609 00:27:37,834 --> 00:27:40,160 my share price of gasoline. 610 00:27:40,160 --> 00:27:43,339 Galileo put $20 is much 611 00:27:43,339 --> 00:27:46,010 higher than a Beasley proposed tax. 612 00:27:46,010 --> 00:27:47,599 Will be more. 613 00:27:47,599 --> 00:27:50,224 Biofuels production environment group-based, 614 00:27:50,224 --> 00:27:52,549 too many class. 615 00:27:52,549 --> 00:27:55,130 Importantly, crew hours per gallon 616 00:27:55,130 --> 00:27:56,720 equivalent to permit learning 617 00:27:56,720 --> 00:27:58,039 by doing the math, 618 00:27:58,039 --> 00:27:59,254 we decrease the weights. 619 00:27:59,254 --> 00:28:00,739 Now reshaped around 620 00:28:00,739 --> 00:28:02,824 cities, hundreds of miles, 621 00:28:02,824 --> 00:28:03,989 landfills bow, 622 00:28:03,989 --> 00:28:05,509 replacing other fast 623 00:28:05,509 --> 00:28:07,729 pure materials with biology. 624 00:28:07,729 --> 00:28:09,769 I want to point out 625 00:28:09,769 --> 00:28:14,084 that this city design should be waste R12, 626 00:28:14,084 --> 00:28:15,999 new York City, it is not dumped 627 00:28:15,999 --> 00:28:20,049 that cause there's a lot 628 00:28:20,049 --> 00:28:22,239 of waste produced New York City. 629 00:28:22,239 --> 00:28:24,010 And we bought about once 630 00:28:24,010 --> 00:28:25,104 I'm shows and used to 631 00:28:25,104 --> 00:28:28,420 market the volume packaging 632 00:28:28,420 --> 00:28:32,269 content goes and where 633 00:28:33,540 --> 00:28:35,980 climate change copay can 634 00:28:35,980 --> 00:28:37,270 place the microphone you 635 00:28:37,270 --> 00:28:38,829 in some circles activists, 636 00:28:38,829 --> 00:28:40,629 programs introduced. 637 00:28:40,629 --> 00:28:44,604 But behaviors would become renewal, spread. 638 00:28:44,604 --> 00:28:46,690 Such behaviors, I will have a 639 00:28:46,690 --> 00:28:52,239 0 $2 per gallon 640 00:28:52,239 --> 00:28:53,979 equivalent parallel I take only buys 641 00:28:53,979 --> 00:28:56,804 an average 515 to 16%. 642 00:28:56,804 --> 00:28:58,370 Let's joke Aussie bone, 643 00:28:58,370 --> 00:29:02,880 there are only a small art airline, boss. 644 00:29:02,880 --> 00:29:04,970 Airlines. You re thinking that 645 00:29:04,970 --> 00:29:07,310 this one shorted all airlines and ready 646 00:29:07,310 --> 00:29:09,680 converting its electrical algae 647 00:29:09,680 --> 00:29:13,010 is using and using biofuels would've, 648 00:29:13,010 --> 00:29:17,179 could've reflect and give our lives. 649 00:29:17,179 --> 00:29:18,200 But to use biofuels, 650 00:29:18,200 --> 00:29:20,359 they could avoid purchased shares, 651 00:29:20,359 --> 00:29:22,790 therefore, possibly being 652 00:29:22,790 --> 00:29:25,070 one way forward a find. 653 00:29:25,070 --> 00:29:29,359 Really. Any way we 654 00:29:29,359 --> 00:29:30,714 can be pretty sure edifying, 655 00:29:30,714 --> 00:29:32,120 people can view, you can go 656 00:29:32,120 --> 00:29:33,845 on vacation, remember you want to, 657 00:29:33,845 --> 00:29:35,210 without necessarily having 658 00:29:35,210 --> 00:29:36,320 a deleterious effect 659 00:29:36,320 --> 00:29:38,639 on directly on the biosphere. 660 00:29:39,700 --> 00:29:42,260 I went into the electrification 661 00:29:42,260 --> 00:29:43,520 of having another equipment. 662 00:29:43,520 --> 00:29:45,084 Most industry, if you're close to 663 00:29:45,084 --> 00:29:47,719 a small version of fuels and for airlines, 664 00:29:47,719 --> 00:29:51,110 axle necessarily loops using heavy equipment. 665 00:29:51,110 --> 00:29:52,355 Regulators should 666 00:29:52,355 --> 00:29:53,899 recognize the transportation 667 00:29:53,899 --> 00:29:55,970 and heavy equipment in British possible. 668 00:29:55,970 --> 00:29:57,829 Our automatically needs 669 00:29:57,829 --> 00:30:00,829 air quality standards that would allow 670 00:30:00,829 --> 00:30:02,930 new industry develop to 671 00:30:02,930 --> 00:30:06,425 convert women very much money and energy. 672 00:30:06,425 --> 00:30:09,910 And it will also speed He's conversion 673 00:30:09,910 --> 00:30:12,189 because there's no smoke 674 00:30:12,189 --> 00:30:14,750 no for IPO, very slowly. 675 00:30:16,920 --> 00:30:20,755 Worth reiterating that sits legible, 676 00:30:20,755 --> 00:30:22,479 is inherently more efficient than 677 00:30:22,479 --> 00:30:24,625 a internal combustion engine propulsion. 678 00:30:24,625 --> 00:30:27,970 And it used would decline the GHK version 679 00:30:27,970 --> 00:30:31,855 from industrial combustion, electric power. 680 00:30:31,855 --> 00:30:34,345 Whoa, and any electric vehicle, 681 00:30:34,345 --> 00:30:36,490 even electric power use 682 00:30:36,490 --> 00:30:39,619 to generate a fast foods. 683 00:30:40,890 --> 00:30:44,485 Based on my initial conservative calculating 684 00:30:44,485 --> 00:30:46,750 what the adult methods 685 00:30:46,750 --> 00:30:49,894 citizens within each receive about $60. 686 00:30:49,894 --> 00:30:51,855 Per year about by 687 00:30:51,855 --> 00:30:53,399 out no more than the average 688 00:30:53,399 --> 00:30:55,170 between youth by buying 689 00:30:55,170 --> 00:30:57,329 five young girls directly. 690 00:30:57,329 --> 00:30:59,580 Shares would be quite aggressive. 691 00:30:59,580 --> 00:31:00,900 Hopefully a poor farm when 692 00:31:00,900 --> 00:31:02,669 Rich and the pent up 693 00:31:02,669 --> 00:31:04,619 demand by the current world. 694 00:31:04,619 --> 00:31:07,990 Sure, I handed program began. 695 00:31:08,660 --> 00:31:11,549 Now. This will be 696 00:31:11,549 --> 00:31:13,169 temporary course because you 697 00:31:13,169 --> 00:31:15,300 want efficiency to improve, 698 00:31:15,300 --> 00:31:16,815 in which case the share value, 699 00:31:16,815 --> 00:31:20,550 share payments would drop precipitously. 700 00:31:20,550 --> 00:31:22,169 So to share painter 701 00:31:22,169 --> 00:31:23,460 should not be allowed reduce, 702 00:31:23,460 --> 00:31:26,145 replace both their stuff to eat any kind. 703 00:31:26,145 --> 00:31:28,080 Share the share payments. 704 00:31:28,080 --> 00:31:30,209 We expect you pick that variable and 705 00:31:30,209 --> 00:31:33,149 uncertain and 706 00:31:33,149 --> 00:31:36,015 soon be reduced your conservation. 707 00:31:36,015 --> 00:31:39,149 Furthermore, the share payments being high at 708 00:31:39,149 --> 00:31:41,610 first required maintaining consumer spending, 709 00:31:41,610 --> 00:31:43,589 especially important phase of 710 00:31:43,589 --> 00:31:45,644 the inflation that must occur. 711 00:31:45,644 --> 00:31:46,799 As long as you're making 712 00:31:46,799 --> 00:31:48,120 possible PWM with guerrilla, 713 00:31:48,120 --> 00:31:49,289 no longer the 714 00:31:49,289 --> 00:31:51,730 cheapest way of doing everything. 715 00:31:52,700 --> 00:31:54,749 Because it started up an 716 00:31:54,749 --> 00:31:56,429 operation that's going to be covered 717 00:31:56,429 --> 00:32:00,014 by a 0.1% tax on bids and offers made. 718 00:32:00,014 --> 00:32:02,010 Its that would reveal about 719 00:32:02,010 --> 00:32:04,349 $1.5 billion per year at 720 00:32:04,349 --> 00:32:06,225 the onset of the program 721 00:32:06,225 --> 00:32:08,459 from the sales and purchases, 722 00:32:08,459 --> 00:32:10,889 just newly distributive shares. 723 00:32:10,889 --> 00:32:18,314 Now, if you are doing this operation, 724 00:32:18,314 --> 00:32:20,580 given realize some business mooc will 725 00:32:20,580 --> 00:32:21,599 become out of sync 726 00:32:21,599 --> 00:32:23,264 periodically the shares they have. 727 00:32:23,264 --> 00:32:24,659 So they have to also 728 00:32:24,659 --> 00:32:26,189 add needs of getting rid of 729 00:32:26,189 --> 00:32:28,289 their access shares because 730 00:32:28,289 --> 00:32:30,134 you cannot buy them at the last moment. 731 00:32:30,134 --> 00:32:32,910 With planning, that would 732 00:32:32,910 --> 00:32:34,480 bring more, more revenue. 733 00:32:34,480 --> 00:32:37,064 It presumably at the beginning, 734 00:32:37,064 --> 00:32:40,060 people get scared the first couple of months. 735 00:32:40,970 --> 00:32:42,989 And I rigged it 736 00:32:42,989 --> 00:32:45,914 up with the minimum share price. 737 00:32:45,914 --> 00:32:48,180 So you basically find very 738 00:32:48,180 --> 00:32:49,589 difficult for anybody 739 00:32:49,589 --> 00:32:51,639 to manipulate this mark. 740 00:32:53,030 --> 00:32:56,954 Not re board would be needed to upgrade this. 741 00:32:56,954 --> 00:32:58,724 When equilibria hours. 742 00:32:58,724 --> 00:33:00,719 You can work with 743 00:33:00,719 --> 00:33:04,035 the way you feel and your money in the US, 744 00:33:04,035 --> 00:33:06,315 we're dealing with electronic money. 745 00:33:06,315 --> 00:33:08,399 You'll I tried my SB 746 00:33:08,399 --> 00:33:10,364 share failure to real money. 747 00:33:10,364 --> 00:33:11,760 And we have to track where 748 00:33:11,760 --> 00:33:14,070 the fossil fuel account because they've 749 00:33:14,070 --> 00:33:17,549 been trail on this program. 750 00:33:17,549 --> 00:33:19,529 And we know that people are 751 00:33:19,529 --> 00:33:23,820 getting they asked me an audit classes. 752 00:33:23,820 --> 00:33:26,520 So there's a large database involved. 753 00:33:26,520 --> 00:33:28,409 The role of the operating point if 754 00:33:28,409 --> 00:33:30,150 both the distributed monetary shares 755 00:33:30,150 --> 00:33:32,519 match market and societ database 756 00:33:32,519 --> 00:33:33,959 monitor the spread between 757 00:33:33,959 --> 00:33:35,430 the main creating pricing act with 758 00:33:35,430 --> 00:33:37,410 Bitcoin and compute the number 759 00:33:37,410 --> 00:33:38,460 of shares you distribute 760 00:33:38,460 --> 00:33:40,239 at that point in time. 761 00:33:41,420 --> 00:33:44,220 Now, the quantity practices 762 00:33:44,220 --> 00:33:46,019 are important to the board. 763 00:33:46,019 --> 00:33:47,430 The character a buy by signals 764 00:33:47,430 --> 00:33:50,859 the current fossil fuel materials. 765 00:33:51,650 --> 00:33:54,990 The concept is necessarily 766 00:33:54,990 --> 00:33:56,189 keep the economy growing, 767 00:33:56,189 --> 00:33:57,600 not necessarily in 768 00:33:57,600 --> 00:33:59,369 short line, all short ones, 769 00:33:59,369 --> 00:34:01,139 it's business as usual, 770 00:34:01,139 --> 00:34:03,550 from moment to moment all the time. 771 00:34:03,550 --> 00:34:06,754 What the birdie employment 772 00:34:06,754 --> 00:34:11,884 to new forms. We wanted eight. 773 00:34:11,884 --> 00:34:15,319 Appointment I, the price rise 774 00:34:15,319 --> 00:34:17,270 a possible opium and the price 775 00:34:17,270 --> 00:34:19,520 per share is rising over an interval, 776 00:34:19,520 --> 00:34:21,320 implies more fossil fuel 777 00:34:21,320 --> 00:34:22,910 material should be distributed, 778 00:34:22,910 --> 00:34:24,785 at least for short period of time. 779 00:34:24,785 --> 00:34:27,410 On the price dropping into the floor. 780 00:34:27,410 --> 00:34:29,779 Price implies that 781 00:34:29,779 --> 00:34:31,009 pure fossil fuel 782 00:34:31,009 --> 00:34:32,599 materials should be distributed. 783 00:34:32,599 --> 00:34:34,940 So unlike with the absences, 784 00:34:34,940 --> 00:34:37,580 he had began information necessary 785 00:34:37,580 --> 00:34:43,379 manage the decline in past greatness. 786 00:34:47,780 --> 00:34:52,199 So patentable because making 787 00:34:52,199 --> 00:34:54,314 fuels us, barriers backfired. 788 00:34:54,314 --> 00:34:55,844 Play the man by quiet, 789 00:34:55,844 --> 00:34:57,659 would allow much flexibility. 790 00:34:57,659 --> 00:34:59,789 We basis while staying within the 791 00:34:59,789 --> 00:35:01,319 estimated within 792 00:35:01,319 --> 00:35:03,239 the expected annual production capacity, 793 00:35:03,239 --> 00:35:05,249 unit euros per given year. 794 00:35:05,249 --> 00:35:07,769 Rising price, which we're going 795 00:35:07,769 --> 00:35:10,619 to get bit womb. 796 00:35:10,619 --> 00:35:12,240 Sure. And I go and decrease 797 00:35:12,240 --> 00:35:13,950 the quantity about the pure materials 798 00:35:13,950 --> 00:35:19,890 produced because more and more about periods. 799 00:35:19,890 --> 00:35:22,679 The gentle upon the racking loads and 800 00:35:22,679 --> 00:35:26,379 Walker and decrease and fossil fuel use. 801 00:35:28,720 --> 00:35:32,250 Is she ensured. 802 00:35:32,350 --> 00:35:34,700 Here to the pricing practice, 803 00:35:34,700 --> 00:35:37,760 shares, legislative schedule, 804 00:35:37,760 --> 00:35:40,999 trading price asked move this by mere Isaac. 805 00:35:40,999 --> 00:35:42,709 Yes, but when he buys every 806 00:35:42,709 --> 00:35:46,444 year, price rise activity, 807 00:35:46,444 --> 00:35:53,060 that deflation corrective or mayor's schedule 808 00:35:53,060 --> 00:35:54,410 such that the market is 809 00:35:54,410 --> 00:35:58,430 scheduled to open in 2021 and is getting $2 810 00:35:58,430 --> 00:36:00,499 per share and actually is 811 00:36:00,499 --> 00:36:03,364 laid out these late 2023. 812 00:36:03,364 --> 00:36:06,395 The share price will begin at 50-50. 813 00:36:06,395 --> 00:36:11,245 Because you'd have that schedule change 814 00:36:11,245 --> 00:36:12,525 as soon as it started. 815 00:36:12,525 --> 00:36:14,475 The scheme is taken seriously, 816 00:36:14,475 --> 00:36:15,600 planning and actual 817 00:36:15,600 --> 00:36:17,925 begin throughout the academy. 818 00:36:17,925 --> 00:36:20,265 Cilia move to loan, mission, 819 00:36:20,265 --> 00:36:22,949 grow Pat would be underway even 820 00:36:22,949 --> 00:36:27,224 before you open the door isn't scheme. 821 00:36:27,224 --> 00:36:29,624 Eventually we reach the point. 822 00:36:29,624 --> 00:36:31,469 Fossil fuels only to use. 823 00:36:31,469 --> 00:36:32,820 They are very high 824 00:36:32,820 --> 00:36:36,389 value uses compared to alternatives. 825 00:36:36,389 --> 00:36:39,809 Out, I want to point out that at that point, 826 00:36:39,809 --> 00:36:42,255 you've gotten through the moral solution. 827 00:36:42,255 --> 00:36:44,490 You no longer have to worry 828 00:36:44,490 --> 00:36:46,935 about eating. You burn. 829 00:36:46,935 --> 00:36:51,869 On an ongoing increase impulse. 830 00:36:51,869 --> 00:36:55,604 Ongoing. Pollution can pass 831 00:36:55,604 --> 00:36:56,999 geometry because I left 832 00:36:56,999 --> 00:36:58,784 out a number of things. 833 00:36:58,784 --> 00:37:00,930 Covered in this presentation. 834 00:37:00,930 --> 00:37:03,150 We jiggering electrical machines. 835 00:37:03,150 --> 00:37:05,489 It's a greenhouse gases other than 836 00:37:05,489 --> 00:37:08,265 carbon dioxide or international trade, a boy. 837 00:37:08,265 --> 00:37:10,949 And why the crisis of infection that 838 00:37:10,949 --> 00:37:14,220 might extend this in other countries. 839 00:37:14,220 --> 00:37:16,230 But no barriers are obvious. 840 00:37:16,230 --> 00:37:18,450 Many various political 841 00:37:18,450 --> 00:37:21,149 was bad forward awaits. 842 00:37:21,149 --> 00:37:26,460 Just said, hey, when that I'm almost over. 843 00:37:26,460 --> 00:37:29,189 I want to mention one thing which I left out. 844 00:37:29,189 --> 00:37:32,309 If you're going to pull 845 00:37:32,309 --> 00:37:36,000 solar, wherein you have. 846 00:37:36,000 --> 00:37:38,474 Everybody trying generates over 847 00:37:38,474 --> 00:37:40,244 and cheap ways doing it. 848 00:37:40,244 --> 00:37:41,879 We now know how to make 849 00:37:41,879 --> 00:37:43,619 though we haven't developed in pigs. 850 00:37:43,619 --> 00:37:47,159 Erica, passive, fully, roll to roll, 851 00:37:47,159 --> 00:37:48,930 creating a solar cells. 852 00:37:48,930 --> 00:37:50,835 Some base being pretty oppresses. 853 00:37:50,835 --> 00:37:53,190 Moreso cells make huge areas 854 00:37:53,190 --> 00:37:54,914 of fabric curl walls. 855 00:37:54,914 --> 00:37:57,689 Since trees growing, circle, 856 00:37:57,689 --> 00:37:58,980 you can develop, you can 857 00:37:58,980 --> 00:38:01,365 generate some awful aren't they? 858 00:38:01,365 --> 00:38:06,355 Extend? The question then becomes what? 859 00:38:06,355 --> 00:38:08,744 Uk if you have that DO cheaply, 860 00:38:08,744 --> 00:38:11,985 you want to have enough batteries chart 861 00:38:11,985 --> 00:38:13,290 guy with cars which are 862 00:38:13,290 --> 00:38:15,465 available as research demand. 863 00:38:15,465 --> 00:38:17,819 So you can have local delivery of power, 864 00:38:17,819 --> 00:38:21,074 resilience and paste national natural. 865 00:38:21,074 --> 00:38:23,084 But quite apart from that, 866 00:38:23,084 --> 00:38:24,540 you got a lot of excess 867 00:38:24,540 --> 00:38:26,369 solar part of the pot. 868 00:38:26,369 --> 00:38:28,259 And that can be used to 869 00:38:28,259 --> 00:38:31,844 remove carbon dioxide from the atmosphere. 870 00:38:31,844 --> 00:38:33,899 Basically, an artificial trees 871 00:38:33,899 --> 00:38:36,420 whose name will be 872 00:38:36,420 --> 00:38:39,555 the case because you have backup power, 873 00:38:39,555 --> 00:38:43,514 you've got utility grid much no way. 874 00:38:43,514 --> 00:38:46,799 And you can basically pay utilities 875 00:38:46,799 --> 00:38:49,289 then they help decrease 876 00:38:49,289 --> 00:38:50,759 greenhouse gas out there. 877 00:38:50,759 --> 00:38:54,959 Now, I know no meaning 878 00:38:54,959 --> 00:38:58,124 we got some technologies develop that 879 00:38:58,124 --> 00:39:01,619 gathered concentrated CO2 yet 880 00:39:01,619 --> 00:39:08,910 that I asked you, 881 00:39:08,910 --> 00:39:10,935 please finish the request. 882 00:39:10,935 --> 00:39:12,540 So I took longer than I 883 00:39:12,540 --> 00:39:15,284 wanted to instill this time frequency. 884 00:39:15,284 --> 00:39:20,940 Wave has panel a bunch of people I'm 885 00:39:20,940 --> 00:39:21,629 here to do you want to 886 00:39:21,629 --> 00:39:22,769 type a question out in the 887 00:39:22,769 --> 00:39:26,309 either I'll try to wrap up here. 888 00:39:26,309 --> 00:39:29,129 There's like people ask the question, the, 889 00:39:29,129 --> 00:39:33,615 these shares, they, they, the money. 890 00:39:33,615 --> 00:39:35,219 Yes, it share, it goes 891 00:39:35,219 --> 00:39:37,980 public government or some other edges here. 892 00:39:37,980 --> 00:39:40,574 Okay, so here's the deal. You take. 893 00:39:40,574 --> 00:39:43,799 Total amount, great energy 894 00:39:43,799 --> 00:39:46,290 consuming from fossil fuels indirectly, 895 00:39:46,290 --> 00:39:46,739 indirectly. 896 00:39:46,739 --> 00:39:49,769 And unless you're, 897 00:39:49,769 --> 00:39:55,179 divide that up among the adult resonances, 898 00:39:55,250 --> 00:39:57,629 you have a database, 899 00:39:57,629 --> 00:39:59,790 everybody got an account. 900 00:39:59,790 --> 00:40:03,899 They appear in the account with the basics. 901 00:40:03,899 --> 00:40:07,185 Then that person has, has it, 902 00:40:07,185 --> 00:40:08,624 which somebody can buy 903 00:40:08,624 --> 00:40:10,649 real money, real money. 904 00:40:10,649 --> 00:40:13,064 It's account defocus, shares. 905 00:40:13,064 --> 00:40:15,209 You make the transfer burst. 906 00:40:15,209 --> 00:40:17,639 Now as Kashmir government 907 00:40:17,639 --> 00:40:18,674 does not handle that, 908 00:40:18,674 --> 00:40:19,709 you only think it's 909 00:40:19,709 --> 00:40:22,139 doing governments Manichean system. 910 00:40:22,139 --> 00:40:24,114 You're not saving money. 911 00:40:24,114 --> 00:40:26,389 The government wanted to use some of that, 912 00:40:26,389 --> 00:40:27,950 some Bush as they 913 00:40:27,950 --> 00:40:29,690 spend money and they buy them 914 00:40:29,690 --> 00:40:33,605 from you. Share the word. 915 00:40:33,605 --> 00:40:36,139 By sharing. This time somebody, 916 00:40:36,139 --> 00:40:38,990 well, you can sell your shares. 917 00:40:38,990 --> 00:40:40,580 You can't, you can't 918 00:40:40,580 --> 00:40:42,005 sell the right to be shared. 919 00:40:42,005 --> 00:40:43,114 And so we've completed, you will 920 00:40:43,114 --> 00:40:49,009 power what money component, 921 00:40:49,009 --> 00:40:51,995 but you're right to the shares is your own. 922 00:40:51,995 --> 00:40:54,755 And that and stays with you. 923 00:40:54,755 --> 00:40:56,479 You can't really capitalize that. 924 00:40:56,479 --> 00:40:58,219 Nobody knows how that's 925 00:40:58,219 --> 00:41:00,124 going to pay out in the future. 926 00:41:00,124 --> 00:41:03,260 So the only person who can access 927 00:41:03,260 --> 00:41:06,785 that account is you. 928 00:41:06,785 --> 00:41:09,334 There'd be a simplified way of 929 00:41:09,334 --> 00:41:11,270 actually selling shares will 930 00:41:11,270 --> 00:41:12,829 be handled within the system. 931 00:41:12,829 --> 00:41:15,200 But you still end up with the, 932 00:41:15,200 --> 00:41:17,359 with the VBA payments 933 00:41:17,359 --> 00:41:19,204 if you prevent you up on the page. 934 00:41:19,204 --> 00:41:21,020 But yeah. 935 00:41:21,020 --> 00:41:23,840 So I guess I'm I'm 936 00:41:23,840 --> 00:41:26,614 not following what's happening at the shares. 937 00:41:26,614 --> 00:41:28,129 Shares are issued at all 938 00:41:28,129 --> 00:41:30,209 for that and sell them. 939 00:41:31,870 --> 00:41:35,810 And use. Thank you things in two ways. 940 00:41:35,810 --> 00:41:37,760 They arrive to the shares, 941 00:41:37,760 --> 00:41:39,589 right? Cancel out, right? 942 00:41:39,589 --> 00:41:42,049 But they received the shares, 943 00:41:42,049 --> 00:41:43,940 they can sell the shares, Debussy. 944 00:41:43,940 --> 00:41:45,409 So they've gotta write 945 00:41:45,409 --> 00:41:46,544 your shares embedded in, 946 00:41:46,544 --> 00:41:47,989 factor, goes in and 947 00:41:47,989 --> 00:41:49,804 says shares, shares timeout. 948 00:41:49,804 --> 00:41:51,410 The shares are so they 949 00:41:51,410 --> 00:41:52,970 have a certain amount of time on them. 950 00:41:52,970 --> 00:41:56,134 When they traded, they get a new clock. 951 00:41:56,134 --> 00:41:59,209 That first clock is not the same second pot. 952 00:41:59,209 --> 00:42:00,649 So you've got your shares 953 00:42:00,649 --> 00:42:01,834 that might have a month, 954 00:42:01,834 --> 00:42:04,130 Langton month, month view to 955 00:42:04,130 --> 00:42:07,579 sell or use them or use them yourself. 956 00:42:07,579 --> 00:42:10,999 So if I go to the gas station, height, paper, 957 00:42:10,999 --> 00:42:13,580 gas and chairs with your you pay, 958 00:42:13,580 --> 00:42:15,170 you pay with money and shares. 959 00:42:15,170 --> 00:42:17,909 The shares do not replace other money. 960 00:42:18,160 --> 00:42:20,840 The shares and needed per 961 00:42:20,840 --> 00:42:22,789 share are only required, 962 00:42:22,789 --> 00:42:26,554 are required, right? Make your purchase. 963 00:42:26,554 --> 00:42:29,450 So gases, four bucks a gallon, 964 00:42:29,450 --> 00:42:32,704 cash of $2 a gallon for this gas coast. 965 00:42:32,704 --> 00:42:35,579 Even candidate $2 in your antenna. 966 00:42:35,579 --> 00:42:37,460 And most of us are protected because 967 00:42:37,460 --> 00:42:41,420 we given sharedness it at moons, 968 00:42:41,420 --> 00:42:43,220 the responsibility for the decision 969 00:42:43,220 --> 00:42:45,439 to consumers and MapReduce. 970 00:42:45,439 --> 00:42:47,254 Yeah, I'm ashamed. Bigger out. 971 00:42:47,254 --> 00:42:49,174 Like how are the shared around 972 00:42:49,174 --> 00:42:51,454 where OK. Shares or you have an a, 973 00:42:51,454 --> 00:42:53,989 you add high, I'm going 974 00:42:53,989 --> 00:42:56,390 to be a downstream producer. 975 00:42:56,390 --> 00:42:58,279 You are going to be, 976 00:42:58,279 --> 00:43:00,409 number one is who 977 00:43:00,409 --> 00:43:02,660 has got a lot of charity and 978 00:43:02,660 --> 00:43:05,540 sell some way wants 979 00:43:05,540 --> 00:43:07,984 to fill its not what being pitched, 980 00:43:07,984 --> 00:43:12,245 endpoint, being defensive about that. 981 00:43:12,245 --> 00:43:15,339 So you sell seven ppm and whatever price, 982 00:43:15,339 --> 00:43:18,404 $2 you get fewer shares, mislead them. 983 00:43:18,404 --> 00:43:20,340 You're gonna catch, you 984 00:43:20,340 --> 00:43:22,365 go your destination and you say, 985 00:43:22,365 --> 00:43:24,330 I want to buy five gallons. 986 00:43:24,330 --> 00:43:26,520 So you end up with bank giving 987 00:43:26,520 --> 00:43:29,670 shares at $2 per gallon 988 00:43:29,670 --> 00:43:32,684 than five gallons or five gallon 989 00:43:32,684 --> 00:43:36,840 by shapefile shares at GAO. 990 00:43:36,840 --> 00:43:39,569 And you're a then the price for the money. 991 00:43:39,569 --> 00:43:41,249 And if you're out, either 992 00:43:41,249 --> 00:43:42,989 come back out what the mother ads, 993 00:43:42,989 --> 00:43:44,625 but they still gotta fetch 994 00:43:44,625 --> 00:43:47,160 when that company goes, 995 00:43:47,160 --> 00:43:50,609 me get resupplied with their fuel. 996 00:43:50,609 --> 00:43:52,964 That give me shares, 997 00:43:52,964 --> 00:43:57,225 or I can't give them fuel and fuel. 998 00:43:57,225 --> 00:44:00,525 I go to resupply my anger. 999 00:44:00,525 --> 00:44:05,324 I gotta give those shares to that guy. 1000 00:44:05,324 --> 00:44:07,920 Get my money. 1001 00:44:07,920 --> 00:44:09,404 You give me for my tiger. 1002 00:44:09,404 --> 00:44:11,999 In addition, I've gotta buy off my bankers, 1003 00:44:11,999 --> 00:44:13,620 but I've gotta imaginary balls. 1004 00:44:13,620 --> 00:44:14,879 And the gas station, 1005 00:44:14,879 --> 00:44:15,959 it's gotta have biogenetics 1006 00:44:15,959 --> 00:44:18,524 because it basically not berkeley officially. 1007 00:44:18,524 --> 00:44:20,820 Singling that will share 1008 00:44:20,820 --> 00:44:22,695 has being purchased throughout the economy 1009 00:44:22,695 --> 00:44:25,620 and the inefficiencies at 1010 00:44:25,620 --> 00:44:28,269 each stage of production being. 1011 00:44:30,200 --> 00:44:34,950 So there's an account they count on 1012 00:44:34,950 --> 00:44:36,929 database which is doing the handling 1013 00:44:36,929 --> 00:44:40,139 a share transaction. There is. 1014 00:44:40,139 --> 00:44:42,870 Urine there, gas stations and 1015 00:44:42,870 --> 00:44:46,200 where to make its media chairs. I'm in there. 1016 00:44:46,200 --> 00:44:48,524 So I went shares gas station, 1017 00:44:48,524 --> 00:44:52,109 my suppliers and gets us Min. 1018 00:44:52,109 --> 00:44:54,330 And so then what are the shares of 1019 00:44:54,330 --> 00:44:56,924 money's going to the URL of the edge. 1020 00:44:56,924 --> 00:44:59,700 So you're taking what are now 1021 00:44:59,700 --> 00:45:01,409 unaccounted for extranalities 1022 00:45:01,409 --> 00:45:02,850 and bringing system. 1023 00:45:02,850 --> 00:45:04,650 I'm bringing images discriminating 1024 00:45:04,650 --> 00:45:08,520 awareness because the producers, 1025 00:45:08,520 --> 00:45:10,440 the reason that a consumer gets 1026 00:45:10,440 --> 00:45:11,339 a lot more credits 1027 00:45:11,339 --> 00:45:12,795 and they probably would be, 1028 00:45:12,795 --> 00:45:15,404 is that you need to, 1029 00:45:15,404 --> 00:45:17,309 because we're going to internalize 1030 00:45:17,309 --> 00:45:19,619 the externalities that are producers VM 1031 00:45:19,619 --> 00:45:22,184 enabled, discharged without cost. 1032 00:45:22,184 --> 00:45:23,639 Now that's I don't have to pay 1033 00:45:23,639 --> 00:45:27,029 for the decision-maker, isn't them? 1034 00:45:27,029 --> 00:45:29,550 Because they haven't had a chance to make 1035 00:45:29,550 --> 00:45:31,199 these decisions for a long time 1036 00:45:31,199 --> 00:45:33,225 and I'm not gonna do it and gather force. 1037 00:45:33,225 --> 00:45:35,429 So we want to give that power to 1038 00:45:35,429 --> 00:45:39,209 our Sumer capability to us. 1039 00:45:39,209 --> 00:45:40,440 And that's, that's kind of 1040 00:45:40,440 --> 00:45:42,749 a fundamental bump here, 1041 00:45:42,749 --> 00:45:45,045 is that you're actually going to empower 1042 00:45:45,045 --> 00:45:48,209 consumers and take something. 1043 00:45:48,209 --> 00:45:49,394 Some of the flexibility 1044 00:45:49,394 --> 00:45:51,074 of ignoring the actual Alan, 1045 00:45:51,074 --> 00:45:53,400 externalities from the producers 1046 00:45:53,400 --> 00:45:54,704 are going to fight tooth and nail. 1047 00:45:54,704 --> 00:45:58,260 Yes, let's imagine that and that. 1048 00:45:58,260 --> 00:45:59,640 But we as consumers 1049 00:45:59,640 --> 00:46:02,129 after assert ourselves, basically, 1050 00:46:02,129 --> 00:46:03,510 what you're suggesting as 1051 00:46:03,510 --> 00:46:04,935 a group matter larger, 1052 00:46:04,935 --> 00:46:06,869 yeah, go have breakfast each. 1053 00:46:06,869 --> 00:46:08,985 You might say the Arab government, 1054 00:46:08,985 --> 00:46:14,190 reform are quite an interesting idea. 1055 00:46:14,190 --> 00:46:16,439 Let me come to the political bearing. 1056 00:46:16,439 --> 00:46:19,844 Yeah. And it's, it's not, 1057 00:46:19,844 --> 00:46:22,064 it's obviously not fear for 1058 00:46:22,064 --> 00:46:25,049 an artefact or for any speaker. 1059 00:46:25,049 --> 00:46:27,180 So you ask a question about 1060 00:46:27,180 --> 00:46:29,294 what the speaker says they likely to cope. 1061 00:46:29,294 --> 00:46:33,100 So I want to be unfair. A little. 1062 00:46:33,110 --> 00:46:36,729 Areas are obvious apart. 1063 00:46:36,800 --> 00:46:41,610 So just as a way we encourage you to 1064 00:46:41,610 --> 00:46:44,504 add the thing about bees 1065 00:46:44,504 --> 00:46:47,924 also have p, Okay, so the, 1066 00:46:47,924 --> 00:46:51,180 the, this process infection 1067 00:46:51,180 --> 00:46:52,350 you're talking about very 1068 00:46:52,350 --> 00:46:54,735 basically the problem of 1069 00:46:54,735 --> 00:46:57,420 the international problem you have is 1070 00:46:57,420 --> 00:47:01,080 a President that paying 1071 00:47:01,080 --> 00:47:03,419 is as Unless you couldn't 1072 00:47:03,419 --> 00:47:06,539 get international agreement on this, 1073 00:47:06,539 --> 00:47:07,800 you won't be able to solve 1074 00:47:07,800 --> 00:47:10,449 this problem, would you agree? 1075 00:47:11,120 --> 00:47:14,549 Yes and no. I mean, 1076 00:47:14,549 --> 00:47:16,140 I agree that we 1077 00:47:16,140 --> 00:47:18,540 if we don't manage the infection, 1078 00:47:18,540 --> 00:47:22,119 were working as nice lead country. 1079 00:47:22,550 --> 00:47:26,310 But thank goodness, we're at one and 1080 00:47:26,310 --> 00:47:29,790 we are the world's premier Atkinson entry. 1081 00:47:29,790 --> 00:47:32,519 So we didn't have a fairness but 1082 00:47:32,519 --> 00:47:36,405 a fair amount of cloud. You blown cotton. 1083 00:47:36,405 --> 00:47:39,390 And it anybody has adapted 1084 00:47:39,390 --> 00:47:41,969 livable framework the same and we 1085 00:47:41,969 --> 00:47:44,789 were doing for their own country. 1086 00:47:44,789 --> 00:47:47,384 They trade, really connect with no, 1087 00:47:47,384 --> 00:47:49,290 with no need to do 1088 00:47:49,290 --> 00:47:50,909 what they didn't have any will share, 1089 00:47:50,909 --> 00:47:52,919 sharing, sharing back and forth. 1090 00:47:52,919 --> 00:47:55,020 So. Goods come in and 1091 00:47:55,020 --> 00:47:56,940 they wouldn't have to pay for their goods. 1092 00:47:56,940 --> 00:47:59,490 They would not occupy chairs here. 1093 00:47:59,490 --> 00:48:00,900 But let's say the Chinese 1094 00:48:00,900 --> 00:48:02,520 do not want to cooperate. 1095 00:48:02,520 --> 00:48:05,850 They send you a little plastic toy. 1096 00:48:05,850 --> 00:48:08,355 And they say, oh, it's a plastic toy. 1097 00:48:08,355 --> 00:48:09,479 You took as much energy to 1098 00:48:09,479 --> 00:48:11,070 make this Mackenzie unit. 1099 00:48:11,070 --> 00:48:13,499 You gotta buy this much, this much 1100 00:48:13,499 --> 00:48:16,844 you spend chairs at bringing this toy. 1101 00:48:16,844 --> 00:48:19,695 While changing my, not my app. 1102 00:48:19,695 --> 00:48:23,115 It's a terrible, I gotta say I was a terror. 1103 00:48:23,115 --> 00:48:30,299 It is essentially if there are 1104 00:48:30,299 --> 00:48:32,280 essentially solar energy 1105 00:48:32,280 --> 00:48:34,919 but not quite something 1106 00:48:34,919 --> 00:48:38,940 which should be in too badly when axes. 1107 00:48:39,190 --> 00:48:42,240 And that's legal. 1108 00:48:43,420 --> 00:48:45,770 But it's going to feel like a tariff 1109 00:48:45,770 --> 00:48:47,989 might only provide part. 1110 00:48:47,989 --> 00:48:48,920 But now I got a base out 1111 00:48:48,920 --> 00:48:51,245 of magma evaluated Perhaps. 1112 00:48:51,245 --> 00:48:51,860 Yeah. 1113 00:48:51,860 --> 00:48:54,350 Okay. Well, maybe that's an easier Golden's. 1114 00:48:54,350 --> 00:48:57,395 Yeah. So basically what you end up doing, 1115 00:48:57,395 --> 00:48:59,989 a bigger problem with 1116 00:48:59,989 --> 00:49:02,839 the logic of what you do with exports. 1117 00:49:02,839 --> 00:49:06,515 In that you want to pay somebody for the car, 1118 00:49:06,515 --> 00:49:09,214 for the product, can be arbitrary. 1119 00:49:09,214 --> 00:49:11,824 They have had to purchase, let's say, 1120 00:49:11,824 --> 00:49:13,429 to deliver something, 1121 00:49:13,429 --> 00:49:15,889 my mind which you're going to export. 1122 00:49:15,889 --> 00:49:18,414 And this is a question which I, 1123 00:49:18,414 --> 00:49:20,174 what we moving my hand, 1124 00:49:20,174 --> 00:49:21,779 how you deal with the fact 1125 00:49:21,779 --> 00:49:24,045 that the way they want to export 1126 00:49:24,045 --> 00:49:30,360 petroleum products that your abstract us. 1127 00:49:30,360 --> 00:49:32,714 Yes. I'm yeah. 1128 00:49:32,714 --> 00:49:34,949 So I saw that you had a slide 1129 00:49:34,949 --> 00:49:37,605 earlier as saying the cost of the program. 1130 00:49:37,605 --> 00:49:40,274 No. You better be revenues, 1131 00:49:40,274 --> 00:49:45,150 not much into Asians. 1132 00:49:45,150 --> 00:49:46,170 Yeah, I'm just trying to figure 1133 00:49:46,170 --> 00:49:48,074 out how are we, 1134 00:49:48,074 --> 00:49:49,380 who is actually keeping 1135 00:49:49,380 --> 00:49:50,560 track of how many, correct? 1136 00:49:50,560 --> 00:49:52,559 So if I want to buy a plastic thing, 1137 00:49:52,559 --> 00:49:54,329 China, who tells me 1138 00:49:54,329 --> 00:49:56,864 how many credits are required for E? 1139 00:49:56,864 --> 00:49:58,859 That's why there's a board operating 1140 00:49:58,859 --> 00:50:00,630 the database to include 1141 00:50:00,630 --> 00:50:02,774 the organs tracking everyday bore, 1142 00:50:02,774 --> 00:50:04,589 greatest world, or does 1143 00:50:04,589 --> 00:50:08,144 everybody know before? 1144 00:50:08,144 --> 00:50:11,705 First of all, we have been, 1145 00:50:11,705 --> 00:50:14,565 we have always had a problem with carrots. 1146 00:50:14,565 --> 00:50:16,319 Problem dealing with a border 1147 00:50:16,319 --> 00:50:18,480 and correction isn't open. 1148 00:50:18,480 --> 00:50:21,255 And I'm proud of what you eat 1149 00:50:21,255 --> 00:50:24,014 or drink come information will not track now, 1150 00:50:24,014 --> 00:50:25,979 but it's useful information 1151 00:50:25,979 --> 00:50:27,674 in terms of what's happening. 1152 00:50:27,674 --> 00:50:30,889 Lucian. What would be 1153 00:50:30,889 --> 00:50:33,155 responsible for taking care 1154 00:50:33,155 --> 00:50:34,729 of the database and 1155 00:50:34,729 --> 00:50:39,425 the internal world countries for getting us. 1156 00:50:39,425 --> 00:50:41,960 But if somebody bringing in 1157 00:50:41,960 --> 00:50:45,124 consumer goods ready and we're back again, 1158 00:50:45,124 --> 00:50:46,610 you only have to pay for the board and 1159 00:50:46,610 --> 00:50:48,814 what's inside us that matter. 1160 00:50:48,814 --> 00:50:52,399 So they only have basically, hey, 1161 00:50:52,399 --> 00:50:54,814 important time in sort of a good, 1162 00:50:54,814 --> 00:50:56,885 happy, happy marriage will fuel. 1163 00:50:56,885 --> 00:51:00,649 Now. So if they 1164 00:51:00,649 --> 00:51:04,264 bring in a cosmic teddy bear, no problem. 1165 00:51:04,264 --> 00:51:06,799 If they graduated background teddy bear, 1166 00:51:06,799 --> 00:51:09,444 I gotta pay for 1167 00:51:09,444 --> 00:51:12,424 the map for the amount of weight. 1168 00:51:12,424 --> 00:51:14,869 In implant, in plastic 1169 00:51:14,869 --> 00:51:17,179 and whoever is bringing the stuff. 1170 00:51:17,179 --> 00:51:19,355 And since you have 1171 00:51:19,355 --> 00:51:22,129 energy embedded in transportation, 1172 00:51:22,129 --> 00:51:24,229 if it came in, biofuel, 1173 00:51:24,229 --> 00:51:27,230 inefficient means at part of the cost. 1174 00:51:27,230 --> 00:51:29,240 So it's landed cost, 1175 00:51:29,240 --> 00:51:34,835 but we're using your teddy bear analogy. 1176 00:51:34,835 --> 00:51:36,994 Suppose I wanted to 1177 00:51:36,994 --> 00:51:38,959 start a company that will replace 1178 00:51:38,959 --> 00:51:43,160 background teddy bears or equivalent ones, 1179 00:51:43,160 --> 00:51:44,329 and it takes the number 1180 00:51:44,329 --> 00:51:46,940 of carbon credits to do that. 1181 00:51:46,940 --> 00:51:48,290 How would I get access 1182 00:51:48,290 --> 00:51:52,295 to new ways saying, don't fight. 1183 00:51:52,295 --> 00:51:54,880 One of the carbon credits used for. 1184 00:51:54,880 --> 00:51:55,770 I'm going to run 1185 00:51:55,770 --> 00:51:57,570 some experiments on how to build 1186 00:51:57,570 --> 00:52:00,614 machines that manufacturer that, 1187 00:52:00,614 --> 00:52:02,535 the teddy bear and that we're okay. 1188 00:52:02,535 --> 00:52:04,169 Whatever API your usual 1189 00:52:04,169 --> 00:52:05,595 usual investment over business. 1190 00:52:05,595 --> 00:52:08,100 And what's the one thing that you do things? 1191 00:52:08,100 --> 00:52:11,025 So purchasing the shares 1192 00:52:11,025 --> 00:52:12,825 are in startup business. 1193 00:52:12,825 --> 00:52:13,799 Yeah, it's part of 1194 00:52:13,799 --> 00:52:15,194 the cost of doing business. 1195 00:52:15,194 --> 00:52:18,239 What would that sort of be a brake 1196 00:52:18,239 --> 00:52:21,840 on development of new technologies, 1197 00:52:21,840 --> 00:52:23,099 and it costs a lot 1198 00:52:23,099 --> 00:52:24,990 more to develop a new technology. 1199 00:52:24,990 --> 00:52:26,490 If I were a banker 1200 00:52:26,490 --> 00:52:29,265 and ISO and you went through your plates, 1201 00:52:29,265 --> 00:52:32,594 plastic teddy bears, cotton candy dance. 1202 00:52:32,594 --> 00:52:35,830 I'd say a good business model. 1203 00:52:36,530 --> 00:52:38,939 You get the money. 1204 00:52:38,939 --> 00:52:41,550 Because I understand that but, 1205 00:52:41,550 --> 00:52:44,130 but it cost a million dollars without 1206 00:52:44,130 --> 00:52:47,474 the without the shares fellow bit. 1207 00:52:47,474 --> 00:52:51,764 And it cost $2 million to develop it. 1208 00:52:51,764 --> 00:52:53,790 Buying the shares. 1209 00:52:53,790 --> 00:52:58,140 Then, then basically the excuse me, 1210 00:52:58,140 --> 00:53:04,289 the the onus of the process is put on people. 1211 00:53:04,289 --> 00:53:05,760 I don't want to develop the technology 1212 00:53:05,760 --> 00:53:07,260 to do a lot more expensive. 1213 00:53:07,260 --> 00:53:09,104 Is there any kind of 1214 00:53:09,104 --> 00:53:11,640 mechanism that can be put into place? 1215 00:53:11,640 --> 00:53:12,389 You'd want to make 1216 00:53:12,389 --> 00:53:13,859 it less expensive, developed. 1217 00:53:13,859 --> 00:53:15,345 Well, I'm going to get into 1218 00:53:15,345 --> 00:53:17,895 some opens ministries, myths and Phil. 1219 00:53:17,895 --> 00:53:19,619 But I will point out a few that 1220 00:53:19,619 --> 00:53:20,775 most businesses use 1221 00:53:20,775 --> 00:53:23,429 much less energy than you think they do. 1222 00:53:23,429 --> 00:53:25,559 It's a very small party business because 1223 00:53:25,559 --> 00:53:29,204 most countries are mostly going to trend. 1224 00:53:29,204 --> 00:53:31,709 It's remarkably little energy 1225 00:53:31,709 --> 00:53:33,180 use when it's mine. 1226 00:53:33,180 --> 00:53:36,045 Rock, flour to extract 1227 00:53:36,045 --> 00:53:38,025 Nehru, to extract mills. 1228 00:53:38,025 --> 00:53:41,529 It's scary how efficiently they do that. 1229 00:53:41,540 --> 00:53:44,099 Cares about the time he said 1230 00:53:44,099 --> 00:53:46,650 that this was going back on. 1231 00:53:46,650 --> 00:53:50,489 That initial price per share of galleries. 1232 00:53:50,489 --> 00:53:53,579 But accumulated error increase 1233 00:53:53,579 --> 00:53:56,400 our those bridges like arbitrarily, but yes. 1234 00:53:56,400 --> 00:53:58,140 Okay. Does carriers like what would be 1235 00:53:58,140 --> 00:54:00,270 the largest of your brand? 1236 00:54:00,270 --> 00:54:02,609 There's a 100 gr like ours 1237 00:54:02,609 --> 00:54:04,170 are shared and that would 1238 00:54:04,170 --> 00:54:05,999 disrupt that usual, Right? 1239 00:54:05,999 --> 00:54:08,130 Well, that's when this, by the way, 1240 00:54:08,130 --> 00:54:11,429 now, if this were actually dominated by 2021, 1241 00:54:11,429 --> 00:54:13,529 or at least we were planning on, 1242 00:54:13,529 --> 00:54:16,230 actually means that say, oh, 1243 00:54:16,230 --> 00:54:16,530 don't think 1244 00:54:16,530 --> 00:54:19,739 20-25 schedule of increased price. 1245 00:54:19,739 --> 00:54:21,540 So the people who are thinking 1246 00:54:21,540 --> 00:54:23,099 about whether or not we want to 1247 00:54:23,099 --> 00:54:25,739 make investment would be aware that in 1248 00:54:25,739 --> 00:54:30,284 2025 it might be a captain gung ho. 1249 00:54:30,284 --> 00:54:32,610 So they will be able to do that computation 1250 00:54:32,610 --> 00:54:34,890 based on inspire us upset. 1251 00:54:34,890 --> 00:54:38,700 And given that the business can start 1252 00:54:38,700 --> 00:54:40,289 acting as basically as 1253 00:54:40,289 --> 00:54:42,480 soon as I realize we don't go back. 1254 00:54:42,480 --> 00:54:43,379 What we're doing is 1255 00:54:43,379 --> 00:54:44,820 making the same schedule we 1256 00:54:44,820 --> 00:54:47,039 would if we hadn't started at one, 1257 00:54:47,039 --> 00:54:48,360 at your everything and 1258 00:54:48,360 --> 00:54:49,769 then rest of the inputs. 1259 00:54:49,769 --> 00:54:51,824 So I'm just estimating the price 1260 00:54:51,824 --> 00:54:53,489 along the original schedule. 1261 00:54:53,489 --> 00:54:54,630 So nobody has an 1262 00:54:54,630 --> 00:54:56,384 excuse for putting things on. 1263 00:54:56,384 --> 00:54:58,020 Both kids get through 1264 00:54:58,020 --> 00:54:59,445 in order for this to work. 1265 00:54:59,445 --> 00:55:01,605 A whole lot of administration. 1266 00:55:01,605 --> 00:55:03,539 And the whole technological said Yes for 1267 00:55:03,539 --> 00:55:06,599 the day to day 1268 00:55:06,599 --> 00:55:10,264 or every single extraction distribution, 1269 00:55:10,264 --> 00:55:12,974 refine a manufacturing process 1270 00:55:12,974 --> 00:55:14,070 that has to be done 1271 00:55:14,070 --> 00:55:16,484 so that a case 1272 00:55:16,484 --> 00:55:18,389 though along that the initial prize, 1273 00:55:18,389 --> 00:55:19,515 it too much of a shock. 1274 00:55:19,515 --> 00:55:20,850 And then you can actually do 1275 00:55:20,850 --> 00:55:22,350 a guess, but we'll know, 1276 00:55:22,350 --> 00:55:24,869 we'll be realizing that that would be 1277 00:55:24,869 --> 00:55:25,710 the class they can be 1278 00:55:25,710 --> 00:55:27,885 planned all the way through. 1279 00:55:27,885 --> 00:55:29,670 And as long as they're starting to 1280 00:55:29,670 --> 00:55:31,289 be working in directions for 1281 00:55:31,289 --> 00:55:33,180 function point in that 1282 00:55:33,180 --> 00:55:34,679 the bureaucratic problems you 1283 00:55:34,679 --> 00:55:36,329 bring up a real, 1284 00:55:36,329 --> 00:55:40,454 but we haven't much bigger bureaucracy, BOB. 1285 00:55:40,454 --> 00:55:44,340 And now realize a lot 1286 00:55:44,340 --> 00:55:45,899 of input-output work being 1287 00:55:45,899 --> 00:55:47,324 done all over the country. 1288 00:55:47,324 --> 00:55:49,230 And a lot of work done about this, 1289 00:55:49,230 --> 00:55:54,449 about this disassembling 1290 00:55:54,449 --> 00:55:55,950 the coefficients input, 1291 00:55:55,950 --> 00:55:58,465 output to figure out what they interpret. 1292 00:55:58,465 --> 00:56:02,234 That saying is all in this direction yet. 1293 00:56:02,234 --> 00:56:04,350 And I'm saying the number of people you end 1294 00:56:04,350 --> 00:56:07,464 up working from Edward, 1295 00:56:07,464 --> 00:56:09,615 mental problems more what'd you think? 1296 00:56:09,615 --> 00:56:12,389 And number of deployments in 1297 00:56:12,389 --> 00:56:15,090 the countries could be 1298 00:56:15,090 --> 00:56:16,680 employed would be 1299 00:56:16,680 --> 00:56:18,930 a bigger proportional number of points. 1300 00:56:18,930 --> 00:56:21,704 And the people paying for all that are, 1301 00:56:21,704 --> 00:56:24,134 is that the government after that? 1302 00:56:24,134 --> 00:56:25,769 But the initial cost per 1303 00:56:25,769 --> 00:56:27,375 plate, plate, I love it. 1304 00:56:27,375 --> 00:56:28,589 They get an allocation on 1305 00:56:28,589 --> 00:56:30,345 the show next, shares, 1306 00:56:30,345 --> 00:56:32,399 the transactions generate random number 1307 00:56:32,399 --> 00:56:33,900 that I can handle, 1308 00:56:33,900 --> 00:56:35,414 but we can't do that. 1309 00:56:35,414 --> 00:56:36,765 So he then tells his legs, 1310 00:56:36,765 --> 00:56:38,489 so how are you sleeping with 1311 00:56:38,489 --> 00:56:40,934 a startup Conrad tariffs on fuel use. 1312 00:56:40,934 --> 00:56:42,645 So the path you will 1313 00:56:42,645 --> 00:56:45,990 order your taxing every transaction that 1314 00:56:45,990 --> 00:56:48,900 allowed us to also you're essentially you do 1315 00:56:48,900 --> 00:56:50,279 so you'll be doing that 1316 00:56:50,279 --> 00:56:51,209 ahead of time before 1317 00:56:51,209 --> 00:56:53,174 you might have the shares. 1318 00:56:53,174 --> 00:56:55,319 May need to share the place. 1319 00:56:55,319 --> 00:56:57,569 We're actually passing the question 1320 00:56:57,569 --> 00:56:59,565 of how much you setup costs are, 1321 00:56:59,565 --> 00:57:01,424 doesn't issue. I am dressed. 1322 00:57:01,424 --> 00:57:05,940 But basically you don't have that. 1323 00:57:05,940 --> 00:57:08,639 The cost of administration, 1324 00:57:08,639 --> 00:57:12,480 believe database can't be 1325 00:57:12,480 --> 00:57:14,579 large compared to 1.5, 1326 00:57:14,579 --> 00:57:18,749 your small building databases 1327 00:57:18,749 --> 00:57:20,925 and hired a base 1328 00:57:20,925 --> 00:57:22,635 where force is quality, right? 1329 00:57:22,635 --> 00:57:23,055 Yeah. 1330 00:57:23,055 --> 00:57:25,170 Enforcing the monitoring enforcement pass 1331 00:57:25,170 --> 00:57:28,290 or where are you going to know? 1332 00:57:28,290 --> 00:57:32,940 That that small because you're getting 1333 00:57:32,940 --> 00:57:35,055 an electronic transfer 1334 00:57:35,055 --> 00:57:37,049 into your your database. 1335 00:57:37,049 --> 00:57:40,080 Yeah. You're using a car, bomb, your fuel. 1336 00:57:40,080 --> 00:57:43,799 Got database, debits, your card. 1337 00:57:43,799 --> 00:57:46,139 Okay. Credits another account? 1338 00:57:46,139 --> 00:57:47,669 Yeah. And doesn't 1339 00:57:47,669 --> 00:57:49,230 automatically you're tracking 1340 00:57:49,230 --> 00:57:50,849 automatically throughout this is 1341 00:57:50,849 --> 00:57:52,949 as you mentioned this before, 1342 00:57:52,949 --> 00:57:56,100 that they print translator that it's trucks. 1343 00:57:56,100 --> 00:57:58,139 I mentioned truck because 1344 00:57:58,139 --> 00:57:59,490 most of the have our aid money 1345 00:57:59,490 --> 00:58:03,389 that we ask people we owe money worth duck. 1346 00:58:03,389 --> 00:58:06,959 But the problem is, our society currently is, 1347 00:58:06,959 --> 00:58:08,880 is incredibly impoverished 1348 00:58:08,880 --> 00:58:10,155 and sharing of drugs. 1349 00:58:10,155 --> 00:58:12,779 You don't trust your bow and spend. 1350 00:58:12,779 --> 00:58:15,060 So this is Babbage with 1351 00:58:15,060 --> 00:58:17,925 some organization to do this 1352 00:58:17,925 --> 00:58:20,819 correctly at a monitoring problem and ionize. 1353 00:58:20,819 --> 00:58:23,300 Ionizing isn't about tracking. 1354 00:58:23,300 --> 00:58:24,900 When I go buy gas. 1355 00:58:24,900 --> 00:58:26,130 Sure, that's current, but I'm 1356 00:58:26,130 --> 00:58:27,794 talking about the news that 1357 00:58:27,794 --> 00:58:31,470 you bring in your plastic Eddie barriers. 1358 00:58:31,470 --> 00:58:33,179 You're going to pay, you 1359 00:58:33,179 --> 00:58:35,490 mean smuggle, flow, whatever. 1360 00:58:35,490 --> 00:58:37,499 You bring them in and you have to 1361 00:58:37,499 --> 00:58:39,704 know somebody asked me, hey, if you will, 1362 00:58:39,704 --> 00:58:42,660 shares a c, Somebody has to count 1363 00:58:42,660 --> 00:58:44,040 how many joules chairs 1364 00:58:44,040 --> 00:58:45,720 that teddy bear represent. 1365 00:58:45,720 --> 00:58:47,309 Yeah. So that's I'm saying 1366 00:58:47,309 --> 00:58:49,109 like someone has to go 1367 00:58:49,109 --> 00:58:52,830 assigned a share value to every product, 1368 00:58:52,830 --> 00:58:56,294 every product that's produced, a global Kohn. 1369 00:58:56,294 --> 00:58:58,469 I'm saying that's not 1370 00:58:58,469 --> 00:59:00,884 that's not a hand-waving way. 1371 00:59:00,884 --> 00:59:04,499 I'm not suggesting. I'm not. 1372 00:59:04,499 --> 00:59:08,490 But I think you'd be a products with weights. 1373 00:59:08,490 --> 00:59:11,220 Okay. And I do 1374 00:59:11,220 --> 00:59:13,409 believe there are certain things which we 1375 00:59:13,409 --> 00:59:14,730 developed by 1376 00:59:14,730 --> 00:59:18,959 the National Bureau of Standards. 1377 00:59:18,959 --> 00:59:20,340 Because you have to have 1378 00:59:20,340 --> 00:59:22,245 some means of computing 1379 00:59:22,245 --> 00:59:26,594 how much used in the actual fuel being. 1380 00:59:26,594 --> 00:59:29,399 So simple. 1381 00:59:29,399 --> 00:59:30,569 Yet tendencies sort of 1382 00:59:30,569 --> 00:59:32,385 standards which got it running. 1383 00:59:32,385 --> 00:59:34,949 And mondo standards would 1384 00:59:34,949 --> 00:59:37,079 quite possible, might be a way. 1385 00:59:37,079 --> 00:59:41,204 A sacrificial teddy bear gives you a measure. 1386 00:59:41,204 --> 00:59:44,169 I want to say thanks 1387 00:59:47,600 --> 00:59:52,345 to him lying around and channeled or A1, C1. 1388 00:59:52,345 --> 00:59:54,554 We will interview that. 1389 00:59:54,554 --> 00:59:57,359 Thanks. And all the rotten Yeager. 1390 00:59:57,359 --> 00:59:58,499 Thanks for coming. I'm going to go ahead 1391 00:59:58,499 --> 00:59:59,895 and start recording now. 1392 00:59:59,895 --> 01:00:05,654 Yeah. There were about 1393 01:00:05,654 --> 01:00:08,340 ten creative about twice the audio is 1394 01:00:08,340 --> 01:00:12,239 used whenever they want to be depressed. 1395 01:00:12,239 --> 01:00:14,250 Although they were out there. 1396 01:00:14,250 --> 01:00:16,570 I mean, it's important.