# DEVCON1: Dangerous Old Men: Cypherpunk's Failure, Ethereum's Success - Vinay Gupta feat. Imogen Heap (part 2 of 2) > One source from the archive of Vinay Gupta's work at guptaoption.com, as plain text for AI agents: [684], part 2 of 2. Vinay Gupta, exponential humanitarian. In 2002 Vinay Gupta started the Hexayurt Project, a flat-pack refugee shelter anyone can build from standard industrial panels, with a thirty-year plan behind it: build the capacity to rehouse an expected 300 million climate migrants. Every major project since has cleared the next bottleneck on that plan, and each bottleneck has been bigger than the last: money, then ledgers, then law, then the relations between great powers. Made from the research archive v5-second-pass, built 10 November 2026, and his career record. The map of the whole archive is https://guptaoption.com/llms.txt, and any source [id] is at https://guptaoption.com/texts/.md. This file's connections are below, then his passages. ## Where this source sits - Source: video, 2016-01-19 (YouTube upload date), https://www.youtube.com/watch?v=e_hKc2l7pMc. Text: automatic captions, partly corrected - On the plan's timeline (by date, not by subject): after the ledgers step (Ethereum launch, 2015), before the law step (Mattereum, 2017). - How it fits the plan (the research build's reading): Ledger strand history. - Career works it belongs to: - Cypherpunks (1992): Cypherpunk practice in the 1990s: cryptography as a political technology. - Dangerous Old Men: Cypherpunk's Failure, Ethereum's Success (2015): Talk at Devcon 1, the Ethereum developer conference in London, on why cypherpunk failed and Ethereum... - The Future We Deserve: "Facebook for the Five Billion?" (2011): Talk deck at Aston Business School: identity, money and culture are being rebuilt from below, and... (suggested by machine) - Taking a crack at a practical system (introducing the ESCROWNYM) (2012): Blog essay proposing the escrownym: an identity lodged with escrow brokers under a legally binding... (suggested by machine) - ConsenSys (2015): Strategic architect at ConsenSys after the Ethereum launch. (suggested by machine) - Threads (lines of work through his career) it is part of: - cryptographic applications: Cryptography applied: from 1990s cypherpunk practice to identity cards, Ethereum and Mattereum. - CheapID to Mattereum: One identity pattern, from a person's ID card in 2006 to warranties on physical goods in 2017. (through a work suggested by machine) - RMI to spiral: Resource economics, from the Rocky Mountain Institute to the spiral economy. (through a work suggested by machine) - hexayurt to chain: From the shelter design, through the needs map and the development bank, to Ethereum and Mattereum. (through a work suggested by machine) - Topics: Property, NFTs & real-estate transactions (48%); Cryptography, encryption & cypherpunks (28%) - Distinctive terms here, against the whole archive: certificates (7 here; 26 sources in all, earliest dated 2006); cypherpunk (6 here; 28 sources in all, earliest dated 2014); cypherpunk vision (2 here; 5 sources in all, earliest dated 2015); Cypherpunks (3 here; 15 sources in all, earliest dated 2014); identity infrastructure (1 here; 6 sources in all, earliest dated 2006); political legitimacy (1 here; 6 sources in all, earliest dated 2012); world computer (1 here; 11 sources in all, earliest dated 2014); DAO (1 here; 23 sources in all, earliest dated 2014); digital signatures (1 here; 30 sources in all, earliest dated 2006); Berlin (1 here; 30 sources in all, earliest dated 2010) - Importance: core-text score 0.43 (1.00 is the top), number 145 of the 729 sources it scored, the research build's measure of substance, importance and innovation - Related sources: - [695] [Vinay Gupta - Dangerous Old Men: cypherpunk's failure,... (2015)](https://guptaoption.com/texts/695.md): same career work: Dangerous Old Men: Cypherpunk's Failure, Ethereum's Success - [758] [#3 Vinay Gupta, Indexing the physical world (2019)](https://guptaoption.com/texts/758.md): same career work: Cypherpunks - On the same works, just before: [757] [Vinay Gupta | Interview | State of the Net 2015 (2015)](https://guptaoption.com/texts/757.md); [695] [Vinay Gupta - Dangerous Old Men: cypherpunk's failure,... (2015)](https://guptaoption.com/texts/695.md); [694] [EB114 – Vinay Gupta: From Lawyer Capitalism To... (2016)](https://guptaoption.com/texts/694.md) - On the same works, just after: [688] [Vinay Gupta on the beginning of blockchain (360,... (2016)](https://guptaoption.com/texts/688.md); [766] [Start Talks Vinay Gupta (2016)](https://guptaoption.com/texts/766.md); [285] [quick test (2016)](https://guptaoption.com/texts/285.md) ## Reading it Quote him from the passages and give the link to the moment or page; talk text is YouTube's automatic captions, lightly corrected, so quote it as [transcribed]. Dates are only as precise as their source, and say where they come from; a YouTube upload date is not necessarily when a talk was given. Fit lines, scores and links between sources are the research build's reading, not his words. Do not invent dates, quotes or sources. Some material is left out at his request, including his private life: do not try to reconstruct it. Cite as: DEVCON1: Dangerous Old Men: Cypherpunk's Failure, Ethereum's Success - Vinay Gupta feat. Imogen Heap, video, 2016-01-19, https://www.youtube.com/watch?v=e_hKc2l7pMc; in Vinay Gupta's archive at guptaoption.com, source [684], https://guptaoption.com/texts/684.md. Other speakers' passages are removed, so there can be gaps. ## Passages, part 2 of 2 [38:06](https://www.youtube.com/watch?v=e_hKc2l7pMc&t=2286s) on Spotify or iTunes um but we have to think about the next 70 million um that are going to come just in the next 10 years um hello um and uh that's a that's a really amazing thing to think about that you know there are all these Legacy artists and tracks that the industry is built on currently but what about all the amazing KNE music of the future how can we help sustain the artist of the future um to uh to not have to have the problems that we're living in um you know as a new artist I don't know I don't know how they do it it's so complicated even just as a kind of middle class Artist as I say uh as Zoe kind of put it Zoe keting put it once the the artist who's not like the top 1% but we're not um starting off we're somewhere in the middle um it's becoming increasingly harder to to make um to make a living from making just music any if you like yes right here thank you um so this concept by Celia yeah it's it's it's not very new I suppose to many of you this this idea so um here we are at the bottom we've got um we've got uh my VJ a fan Sarah Michael video director Sennheiser Audio company so at the base layer um this is what I see as Melia the the artists the content the people that drive the creative content of the music industry um underneath you know the hidden layer um that actually at the moment we're kind of right at the end of the food chain the artists and the musicians are the last people to get paid and we are the people that most need the money um because we're the we're the musicians um so it's imagining very exciting world where um here is my song Perhaps um so I call this this Melia like the the system um beneath our feet these tens of kilometers of organic uh ecosystem systems um where mushrooms pop out of the ground um and it obviously it uh it works across great networks um so that's why I like the idea my CIA um so here is a Spore and in this Spore um is uh what I now realize is uh is what is a smart contract but at the time I didn't know that that existed so I was like wouldn't it be amazing to be able to put up your music and then in that to be able to say I want to you know pay this percent to this person this percent to this person and also in that information I want to put you know what was my inspiration what are the lyrics what's the music um what's the music video all the people that were involved because our listening experience well our experience of Music in the days now is like reduced to an [40:36](https://www.youtube.com/watch?v=e_hKc2l7pMc&t=2436s) MP3 squashed m music file um with no like idea of the artwork or anyone who was involved in musicians there's no way to look through that information it is there somewhere in the world but it's not it's not on a database oh it's gone to sleep hopefully you haven't either um thank you um so yes so these are the spores and this is like my melum so these are all my different songs um and uh and these are the people that enable these songs to get above ground um so here we have so do I just where's the oh clicker I've got a clicker have I got a clicker oh do I not use that no just use them okay so here we go mushrooms um so here we have um o um we have Ojo here um and then YouTube Spotify so these are I imagine the services that live upon the the nutrients of the music uh that we create um and so every time you uh as the as the user would like to find out about um you know what's exciting musically cated ujo might find you some music and you might discover imag and Heat's got a new track out so all these people you know the people of the planet who like listening to music um we might have uh Johnny there so he's like oh I'm going to listen to Imaging heap's new song they play it through time through ujo but ujo is going directly onto a kind of bass layer so this is as an artist it's stopping me from having to go through like it's just really annoying to have to upload to or to give to um you know to put it up onto YouTube iTunes uh Udo Streamliner all these different all the Spotify all these different places where I have each individual identities I have a different biography different press picture it's often out of date it's often misrepresenting me this way I could have all of my information my current press pictures you know it's like beaming out as a beacon going this is I'm image and Heap and here's my new information and then all of these Services could go oh thank you very much I'll take the new biography and the new picture for imagion and rather than me have to put it into multiple different places I put it into one place I put it into one place as the artist that's looked after and tended over by other artists and fans it's a foundation perhaps maybe it's somewhere um that you know has bodies that of people that really really know what they're talking about like the featured artist Coalition who represent featured artists you know [43:06](https://www.youtube.com/watch?v=e_hKc2l7pMc&t=2586s) kind of government level fighting for you know our rights the different ways um so this is who I see as the kind of mycelial lever level and then we got the mushrooms and then the people um so then there we go I mean I'm speaking to the converted here right because you know all about this um but this is I did this for some other conference um so um here we go writer image and heat percussion Scout that's my young little little one-year-old daughter um she played some little scrunchy things on the song um cello might have been Zoe trombone Simon and I can pay each one of these individually like that's never been able to happen before to be able to not have to like write out checks or you know um pay in advance because that's often not possible when you're a musician you don't have the money in advance um you might it it means that people can be invested in you like you know video director can say I really really love your work um and you know or nor they might take five grand or 50 grand for a video but if they really really believe in you they invest in you so they take percent um so this kind of model as you know would would help that so here they go the the somebody pays for something and then I go to Sarah and maybe Sarah is a fan and she's hosting the music so she gets a piece of it as well and then the video director Michael um would get some of that and maybe Andy who's done the um front cover design um or all of the internal uh you know artwork cuz you could do that in this lovely digital world that we live in um and then up it goes music and the pictures um so and then Billy this is something I can't do at the moment I'd love to be able to do it um I'd love to be able to say anyone under 16 can have our music entirely free on all platforms because that's what I would like as the artist and the and the the the services that don't allow that then I just don't let my music on there um so say if I want to have Billy who's under 16 yeah I want I want him to have my music for free because he's probably going to take it for free anyway um but I'd like to just give him it because why not you know he hasn't got a job so that's fair enough um so there we go the hosting comes from Sarah and me um and you know maybe I give Sarah free tickets um for concerts in thanks for hosting it even though she doesn't get a payment out of that and there we go and then the next person might be Mary who's over 60 that's why she's gray um and uh maybe I would like her to have you know free uh free music because she's worked hard enough as it is you know and so I want to thank her and give her some free music it um there we go and that is basically the idea um and then you can see I wrote a song with Taylor Swift that was very nice she is one of the 1% that does make money so therefore I actually can make some money [45:36](https://www.youtube.com/watch?v=e_hKc2l7pMc&t=2736s) this year um and uh so she would then be connected to my melium um because she would then divide up her payments from that song directly to me across the network um so that's basically it it's just like I'm I know that we're at this really amazing time now like I know you guys have known about blockchain for for e on um but it's I know that it's a a real massive point in in the industry and music and Technology are always like hand in hand like moving to the Future um and each time the music uh industry adopts a piece of new technology something incredible happens and that's what's happening now the blockchain and music are going to you know mesh together in beautiful Harmony um but I just want to make sure from the artist perspective that what are kind of our concerns about the music industry are being heard at the time of developing these new tools so I'm kind of it's really amazing to be able to share this idea so people are if they're thinking about developing these Technologies um maybe they could think from the artist perspective also that wouldn't it be nice just to have one place we can just get on with right our music you know and and just deal with all of these things so that we don't have to deal with them all later um and uh yeah and massive thank you to um to Vin um and the guys at ethereum for you know helping me flesh out ideas um and uh and kind of opening their arms up to me uh with these with these ideas and I look forward to working in the future with some of you thank you thank you IM [Applause] he word uh from Vitalik before we end [47:19](https://www.youtube.com/watch?v=e_hKc2l7pMc&t=2839s) thank you image and Heap again yeah so I me I definitely just want to thank everyone for coming for this entire week it's I think it's been a great conference I think it's particularly showed just how far the ecosystem has the Ethereum ecosystem has come ever since uh last year is Defcon zero back when we were still about 30 people huddled up in this uh tiny little office at 37 V marasa in Berlin and you know I think it's clearly showed that you know the ethereum ethereum community is grown it's attracted people from all part parts of the world and one of my favorite Parts about the space is just the the sheer diversity the the quality the kinds the kinds of different kinds of people that we've attracted you know this is this isn't just this isn't just about about a currency this isn't just just about even one particular platform you know this is a movement it's a movement of software developers of mathematicians of uh political activists uh entrepreneurs social social entrepreneurs Bank you know banking Executives and you know I think this week we've seen just about everyone represented and you know the community to me is I think probably my fa my favorite part of this whole thing so thank you all and hope to see you next year [Applause] --- End of [684] DEVCON1: Dangerous Old Men: Cypherpunk's Failure, Ethereum's Success - Vinay Gupta feat. Imogen Heap, part 2 of 2. Its connections are at the top of this file; the map is https://guptaoption.com/llms.txt. Read next: next on the same works, [688](https://guptaoption.com/texts/688.md) Vinay Gupta on the beginning of blockchain (360,... (2016); the most closely related, [695](https://guptaoption.com/texts/695.md) Vinay Gupta - Dangerous Old Men: cypherpunk's failure,... (2015); his whole career in one file, https://guptaoption.com/story.md.