UTU x Satoshi Club AMA Recap from 23rd of April

UTU x Satoshi Club AMA Recap from 23rd of April

Hello, Satoshi clubbers! Another AMA took place in Satoshi Club and we would like to introduce to you the AMA session with our friends from UTU and our guests were @UTUman and @databu. The AMA took place on 23 April.

The AMA session was divided into 3 parts with a total crypto reward pool of 500$

In this AMA Recap we will try to summarise the most interesting points for you.

Part 1 — introduction and questions from the Telegram community

Mary | Satoshi Club: Hello Satoshi Club! We are happy to announce our AMA session with UTU! Welcome to Satoshi Club😀

D. | Satoshi Club: today our guests –  @UTUman and @databu !

Bastian Blankenburg | UTU: Hi all, great to be here again 🙂

D. | Satoshi Club: welcome to our club!

Mary | Satoshi Club: Hello😀 welcome back

D. | Satoshi Club: happy to see you here 😃

Mary | Satoshi Club: How’s going?😀

Jason Eisen | UTU: Hey all! Great to be here!

Mary | Satoshi Club: Hi! Always happy to see you in Satoshi Club 😀

Bastian Blankenburg | UTU: Going very well, thanks!

Jason Eisen | UTU: feels like a second hom for us 🙂

D. | Satoshi Club: 😄👍

Mary | Satoshi Club: Ahaha, that’s true 😀

Guys, Satoshi Club got more members since your last visit and i think you will need to introduce yourself and UTU project again😀

Bastian Blankenburg | UTU: With pleasure

Jason Eisen | UTU: I see that! Congrats o the growth! Happy to do so.

Mary | Satoshi Club: Also we will are excited to hear what new happened to UTU lately 😉

Thank you 🚀

Jason Eisen | UTU: I’m Jason. I’m a serial entrepreneur. Grew up between Boston and Nashville. I spent 10 years in Washington DC, first at university at The American University (studied International Relations) then 7 years as a consultant for USAID, World Bank, and others. I started spending time in East Africa through that work in 2010 and moved to Kenya in 2013 to start (at the time) the first Taxi App anywhere in Africa, MARAMOJA. We realized in the process of building that taxi app that we were solving the wrong problem. we realized the problem was actually about Trust and began to focus our attention there, building better models of digital trust. This was the origin of UTU actually.

D. | Satoshi Club: don’t hurry, we have questions about this in the first part 😄

Jason Eisen | UTU: UTU’s vision is to become the trust infrastructure of the entire internet. Our mission is to bridge the gap between how people trust in real life and how they are asked to trust online. We believe in a more human friendly internet, data as a human right, and the need to avoid digital trust dystopias as we’ve seen portrayed and played out in various contexts around the world. We provide trust infrastructure as a service to make the internet a safer more trusted place to gather, work, share, trade, etc

sure, so much news since our last visit! we’ve been busy 😉

Bastian Blankenburg | UTU: I did a PhD in computer science/distributed AI. This involved multiagent systems using game theory, risk models, trust models etc. It also involved building payment protocols that incentivised agents to adhere to the protocol, before blockchain came along. So nowadays one would use smart contracts for some of this, and I find it exciting which possibilities for distributed systems are now available.

Later worked in industry, then moved to Kenya because of private reasons. Met Jason who convinced me to join his startup, the taxi app MARAMOJA, because he had this great idea for a trust mechanism. That’s because the taxi sector had traditionally a lot of crime here, and people prefer known drivers. Then from that we spun off UTU, to make its own product of the trust mechanism.

Bastian Blankenburg | UTU: Oh right lol

Mary | Satoshi Club: Thanks, guys! Btw, did your team changed since last AMA? Became bigger?

Bastian Blankenburg | UTU: Yes, in all departments!

Jason Eisen | UTU: Sooooo much…we’ve been hiring some amazing people. Mike Chan joined us as our Chief Commercial Officer, Nereah Okanga as our Head of Product, Shiku Ngigi as our Head of Marketing….check out their profiles…legends

Bastian also got some great new engineers and data scientists

Mary | Satoshi Club: Wow! Crypto is really gaining mass adoption and all projects are busy😀 and growing

Jason Eisen | UTU: And we have super exciting new addition to our board that we’ll announce soon…guys are gonna FOMO hard…

Mary | Satoshi Club: That’s a key to success 💪

Jason Eisen | UTU: agreed – good governance begets great projects

Mary | Satoshi Club: I see that you development never stops! And that’s awesome! Thank you for your introduction 😀

Bastian Blankenburg | UTU: We’re really just starting…

Jason Eisen | UTU: [ 👈 Sticker ]

Mary | Satoshi Club: Do you think it’s time to dive deeper into the details with the questions from our community?😉

Bastian Blankenburg | UTU: Sure let’s go!

D. | Satoshi Club:🚀🚀🚀

Mary | Satoshi Club:  [ 💪 Sticker ]

Q1 from Telegram user @Jonahapagu

The last time you were here for an AMA like this, you talked about your socially powered Taxi app called MARAMOJA, has there been any new improvements or achievements on MARAMOJA you will like to share with us… What other new implementations do you have on your platform that also aims at advancing your Goal of Establishing a Trust Economy using Trust as a Service (Tass)

Bastian Blankenburg | UTU: MARAMOJA’s released version still has the original version of the trust engine built-in, which is quite a barebones version really. Now that we’ve released the first proper UTU Trust API + Web SDK, we’re integrating that with MARAMOJA, so it can use the improved feedback like badges and soon-coming video review etc., and generally the better mechanism.

We’re also in the process of getting our first pilot clients going with integrating the SDK.

Jason Eisen | UTU: Great question! Yes, on the business side too, MM has been kicking some serious ass lately! Led by Ronald Mahondo, MM has been dethroning its larger competition(Uber, Bolt) consistently in the B2B space in Kenya, winning exclusive contracts away from those guys to serve the largest corporates in Kenya.

We have also announced a serious of partners that will be integrating our TIAAS across a range of sectors and geographies over the past months.

Bastian Blankenburg | UTU: To add to that, for some business clients having trusted drivers is actually now a requirement.

Jason Eisen | UTU: Check our medium for more details: https://medium.com/utu-trust

Mary | Satoshi Club: Ahaha, so Uber is behind😂

Mary | Satoshi Club: Could you name us some of your partners?😉

Jason Eisen | UTU: hmmm well thats a big statement but I would say that they fail to recognize both the uniqueness of some markets as disparate from the global one size fits all approach and they fail to see the trends that will shape that industry over the coming years as distinct from the last 10 years

Mary | Satoshi Club: Yes, they can’t win everywhere and can’t compete with blockchain future 😉

Jason Eisen | UTU: Sure, just recently we announced collaborations with Curacel, a pan-African AI powered insurance solution, as well as with Harmony protocol, Hypermine, KardiaChain, Oasis, and Hyve…that’s all just in the last couple months

Bastian Blankenburg | UTU: I’d like to jump in here and give a shout-out to our dev partners as well, Ape Unit in Berlin and hack.bg in Sofia.

Jason Eisen | UTU: we are also working with amazing projects like AmpNet, CryptoTask, BitLipa, RideSafe Africa, Maple Finance, Shuttle One, and so many more

Mary | Satoshi Club: Wow, so many famous names and some of them are our friends 😉

Jason Eisen | UTU: haha almost forgot, travala.com

Mary | Satoshi Club: Oh, yes, that’s awesome project 👍

Tones of news! You did a great job!

Thank you for your answers! Ready to go to the next question?😉

Bastian Blankenburg | UTU: ready

Jason Eisen | UTU: we trying…

born ready

Q2 from Telegram user @yellowchamp

UTU’s mission is to become the trust infrastructure of the entire internet, replacing anonymous star ratings, reviews, and scores as the de facto trust mechanisms of our digital lives. As this mission is the bottomline of what you wanted with your platform especially to become the trust infrastructure of the entire internet,can you explain to us how will you possibly realize this mission in the near future? With this mission of yours and since the time you launch, what part of this mission is being accomplish already so far? Since the pandemic time,how does UTU brings impacts and innovation with the de facto trust mechanisms of our digital lives? Thank you

Jason Eisen | UTU: we actually just updated our roadmap, you can check it here: https://medium.com/utu-trust/the-utu-roadmap-update-february-2021-99b0ffb2ab70

Mary | Satoshi Club: 👍

Jason Eisen | UTU: We are very much on track toward delivering on our promised vision…We actually released the first version of our Core API and Web SDK a couple weeks ago and exponentially grew our pipeline of integrations…

Bastian Blankenburg | UTU: There’s the business and the tech side to this question, I’m leaving the business one to @UTUman . On the tech side, we’ve built our architecture to be scalable from the get-go. There’s the common wisdom to not optimise prematurely, and do so only when needed. But I’ve been there before, and don’t want to repeat the experience to have to scale your systems while they’re already crouching under heavy load. So this time, our tech is ready from the beginning.

Jason Eisen | UTU: https://medium.com/utu-trust/the-utu-trust-api-v1-is-now-live-6c4d19c1720b

Mary | Satoshi Club: How many users do you currently have?😉

Jason Eisen | UTU: Since you mention the pandemic, one interesting bit to mention is some work that we did around the development and roll-out of a privacy preserving contact tracing solution for the world that is dumb-phone compatible – we actually got a shiny endorsement from the African Development Bank for this work and looking for some places to push that forward when the moment is right

We don’t disclose that number typically but more than 50,000 (depends on how you look at it, but not worth getting into that detail here)

Mary | Satoshi Club: Btw, i found something interesting p for myself – that  96% of riders chose socially-referred drivers over highly-rated but unknown drivers. So, this means that you already have a good customer base to make such kind of researchs 😉

Jason Eisen | UTU: we have the benefit of serving the entire world, not just the crypto world…

Mary | Satoshi Club: 👍

Bastian Blankenburg | UTU: Yes, this is also the reason why we kept MARAMOJA as part of the company for so long. Instead of separating earlier, which would have made some things easier, but MM is a great experimentation ground for the trust mechanism.

Jason Eisen | UTU: Yes, this has been one of the most critical parts of our evolution, having MARAMOJA as a real world use case and going concern that let us test things in real time and do the type of real world trust research that has informed every step of our product development. We are our first clients and have seen a direct, tight correlation between better trust and the growth of MM’s key metrics

Mary | Satoshi Club: I am happy to hear that you serve real world 😉 it will be awesome experience for both!

Jason Eisen | UTU: depending on where you live, you may not identify with wanting this level of trust for your taxi driver, but I’m sure you want it for your nanny, doctor, lender, coder, etc

Bastian Blankenburg | UTU: We’ve also gotten some other interesing results from that, such as detecting a degree of correlation between social closeness of people, measured by the number of common friends, and their rating behaviour.

Mary | Satoshi Club: Yes, i had to find nanny several days ago and i need to say it wasn’t so easy 😉

So, you got a lot of info😉 sure it will help you in the future!

Jason Eisen | UTU: this will be easier soon…we will announce a nanny sector partner soon so depending on where you live, you may find that nanny easier quite soon

Mary | Satoshi Club: Waiting for you, guys in my country 👍

Thank you for your answers! Ready to go to the next question?

Bastian Blankenburg | UTU: Yes absolutely, that’s the idea!

Jason Eisen | UTU: bring it on

Q3 from Telegram user @Highpee

The version 1 of UTU Trust API went live on March 31st and you have described it as a real model of human trust which can integrate with apps and web. What type of online business platform can integrate with your API and what doest it costs (in terms of money or software infrastructure/requirements) to facilitate easy integration? How does the combination of UTU API, Artificial Intelligence and blockchain help you to provide a reliable platform that can offer personalised recommendations which can be helpful in building an ecosystem of trust among business providers and consumers?

Jason Eisen | UTU: woah that’s a big question, let’s break it down

Bastian Blankenburg | UTU: Technically, any app where the user has to make some choice among different options could integrate it. At the moment, the SDK supports any web app — React, Vue, Angular, plain html + js all work well. We’re now taking on mobile SDKs, starting with Android. But a client could also use our API directly and build their own UI elements, if they prefer.

Jason Eisen | UTU: What type of online business platform can integrate with your API – any digital platform! B2B, B2C, P2P…anywhere you’ve interacted with feedback mechanisms, ratings, reviews, recommendations; they can all be humanized by UTU. And generally speaking across all sectors of the digital economy – we tend to think about key sectors based on risk – risk and trust being corollaries; the more risk I feel, the more trust I want. So what are the things we feel the most risk about? Our health, family, home, business, and assets – if a digital transaction is exposing one of these things to risk – UTU has a huge role to play

D. | Satoshi Club: [ 👍 Sticker ]

Mary | Satoshi Club: And how do you personally wonder if everyone is interested in honest feedbacks?😉

Bastian Blankenburg | UTU: The AI works mostly in the background, identifiying the most relevant feedback of other users. For example, if a use case provides us with some context data, such as origin and destination of a taxi ride, it can identify similar situations like “business trip” or “party trip”, and choose fitting recommenders accordingly. (The context isn’t in the current API version but will be soon.)

Jason Eisen | UTU: The components of our system AI, API/SDK, Protocol/Tokens  respectively address each of the three main problems with digital trust

D. | Satoshi Club: i want to ask one thing, i see you don’t have so much activity on your github, why? last update was in November…

Jason Eisen | UTU: 1. Theory of trust – digital trust currently is basically a legacy of what Ebay gave us in the 90s when we were just buying some beanie babies or whatever and some aggregated, averaged, anonymous feedback was ehhh.. good enough. Meanwhile the whole internet as evolved around us and digital trust mechanisms have stagnated. We abandon this one size fits all model of a universal score card for trust, and instead seek a descriptive model of trust, filtered by our own networks of trust and evaluated dynamically based on the options available…you could think about it like best fit vs. highest rating.

2. Delivery mechanism. Trust has been hitherto delivered as a product – either as a consumer-facing review platform (yelp, tripadvisor, google reviews, etc) or as an afterthought inside products (“let’s throw a 5 star system on it and call it a day”). But trust isn’t a product…its infrastructure. It should be delivered as such. We serve up our Trust Infrastructure via API/Oracle so platforms and marketplaces can consume them as infrastructure. This also eliminates that massive manipulation ability on consumer platforms where I can create limitless

3. Incentives around Digital Trust. All of the economic incentives around digital trust are for the abuse/manipulation thereof. Fake reviews, bot armies, they all manipulate trust and tend to yield rewards for those that buy (and sell) such services. Meanwhile, projects/peoplee that only focus on organic metrics might languish on the side. We designed our token model to address both sides – to eliminate the ability to “buy Trust” while creating a positive economic incentive to build trust – defined as facilitating good outcomes

Bastian Blankenburg | UTU: The blockchain compoments have 2 main motivations:

1. Being able to reward users with UTU Trust Tokens for truthful participation, which they can ultimatly monetise by conversion to UTU Coin

2. Enable users to verify recommendations and feedback. I.e. if our trust engine tells you, “Your friend Paul’s friend like this provider”, you can check on the blockchain that there exists a friend of Paul (assuming you know Paul’s address) who endorsed the provider.

Mary | Satoshi Club: You’re building something perfect 😂

Jason Eisen | UTU: I don’t… I have literally asked the question “who do you trust?” to a few thousand people at this point across the entire world…everyone answers the same, that they trust the people they know (themselves, friends, family) caveated for context – this is what we are building; that legacy digital trust systems ignored this was a function of the limited economic activity on the net when such things were devised

 [ 🤘 Sticker ]

Bastian Blankenburg | UTU: We’ve been mostly working on our closed source components since then, i.e. the API and SDK. However we’re about to open-source the SDK. Our alpha version of the œternity UTU Trust Token is also still a private repo, I think, but we’ll OS that too very soon.

D. | Satoshi Club: got it! thanks for clarification

Mary | Satoshi Club:You should help with vaccination, btw

As researched people don’t want to vaccinate till they won’t see their nеighbors or relatives share with them positive experience 😉

Bastian Blankenburg | UTU: That’s interesting, do you have a link? 🙂

Jason Eisen | UTU: That’s a great idea! We have thought at various moments about how to apply UTU to solve the fake news problem in general and have developed some proposals for public funding on the same. I think I tweeted at Elon Musk once some time back about applying a reverse implementation of UTU on Pravda…its a huge problem that we’d love to contribute toward solving

Mary | Satoshi Club: I will send to you later, it’s stats in our country 😂

Bastian Blankenburg | UTU: Yeah I think this could be dependent on the location, but I think it might be similar here in Kenya.

Mary | Satoshi Club: Yes, hope he will listen to you!

Think about this 😉

Thank you for your answers! Ready to proceed?

Bastian Blankenburg | UTU: yep

Q4 from Telegram user @Korryl

UTU is trust infrastructure for the internet and have native coin UTU Coin. Could you explain what are the role from UTU Coin in your project? Is it for governance, payment, or fees? Do we need to hold UTU Coin if we want use product/service from UTU?

Jason Eisen | UTU: that’s a @databu question

 [ 👇 Sticker ]

Mary | Satoshi Club: I remember that you explained last time, but i think our new members need to read the answer😉

[ 👊 Sticker ]

Bastian Blankenburg | UTU: Yes 🙂 I mean, for all of those, though we’re still going back-and-forth on the exact governence mechanism that we want. There is also UTU Trust Token (UTT) , which is awarded for participation in the system, i.e. for providing endorsements, feedback and other data. UTT is not tradable, because we want to make it impossible for anyone to “buy trust”. But it can be converted to some limited extent to UTU Coin.

I  think that UTT should also be required for governence, so that people taking part in governance have some proven participation in the core mechanism. But additionally, requiring some staked UTU Coin will prove even more skin in the game.

Mary | Satoshi Club: What is your current governance system? Who is boss?😀

Bastian Blankenburg | UTU: Services served by UTU will also accept UTU Coin as payments, and ultimately the recommendations will incur a fee, which will be used to replenish the UTU Coin pool for conversion from UTU Coin.

D. | Satoshi Club: do you have additional benefits for token holders? like farming, staking, high APYs etc. you know, everything that people love nowadays😄😉

Mary | Satoshi Club: APY everywhere 🤣

Jason Eisen | UTU: not at the moment but who knows what may happen

D. | Satoshi Club: 😉

Mary | Satoshi Club:  [ 😉 Sticker ]

Bastian Blankenburg | UTU: Currently the 3 UTU Coin pools for conversion (ecosystem building), growth and team are held in multisig wallets. But how we’re building the protocol is up to UTU Protocol at the moment…

Mary | Satoshi Club: Gotcha! 😀

Thanks! Ready to jump to the next question?😉

Jason Eisen | UTU: yup

Bastian Blankenburg | UTU: That said, we’re going to add a governance protocol about protocol decisions, see the white paper from utu.io/protocol

👍

D. | Satoshi Club: nice!

Mary | Satoshi Club: We will follow your updates!

Q5 from Telegram user @V1ct0r_26

Not too long ago, Facebook suffered an attack where people’s information was leaked and hackers were selling it on the internet. That being said, could you give us more details about how secure will UTU be? How can users be sure their personal data that is entrusted to you won’t end up being sell on the internet?

D. | Satoshi Club: let’s ask them about audit @madamlobster 👀😄

Jason Eisen | UTU: *sips coffee* waits for Bastian to come with the technical fire

Mary | Satoshi Club: Ahaha🤣 my favourite question

Jason Eisen | UTU: you found video of me from new years eve…

Bastian Blankenburg | UTU: Our systems are well-secured behind an auth gateway, and each client app’s data is stored in a separate DB.. Additionally, our trust API stores only data that client apps give us. E.g. they could give us only encrypted profile data. Our trust engine is really interested only in the relationships.

On the blockchain side, the feedback and endorsements will be public to be verifiable, but can be given pseudonymously. Though then it depends also on the client app and their users whether they’re able to keep it so, or whether it could be de-anonymised. But we’re also working on mechanisms to make this easier to enforce.

Mary | Satoshi Club: Lol🤣

And as @Cool_as_Ice asked me before can you tell us if UTU was audited?

Bastian Blankenburg | UTU: Additionally, our partnership with Oasis will enable us to provide users with a secure and privacy-preserving way to share their data with selected services.

Jason Eisen | UTU: Yes by Hacken – https://medium.com/utu-trust/utu-collaborates-with-hacken-to-bring-trust-oracles-to-the-entire-crypto-ecosystem-65712d1de843/

Bastian Blankenburg | UTU: The UTU Coin contract is audited, yes.

Mary | Satoshi Club: I like your choice! Security confirmed😀

Jason Eisen | UTU: We are all about trust…trust starts with us

Bastian Blankenburg | UTU: Here: https://github.com/utu-protocol/utu-coin/tree/master/docs

Mary | Satoshi Club: Waiting to see your systems are using all around the world!

💪

Jason Eisen | UTU: us too… though less waiting and more pushing!

Mary | Satoshi Club: Thank you for your answers! And just 6th and last question left from this part😀 ready?

Jason Eisen | UTU: yup

Bastian Blankenburg | UTU: sure

Q6 from Telegram user @mctrho

According to your roadmap, UTU is currently in the second quarter of 2021. In total, you have 4 objectives for this quarter and I would like to know which of them have been finalized and which objective are you focusing on at the moment. Can you tell me a little about this? By the way, why doesn’t your roadmap contain the future plans for Q4 2021 and 2022? You have not established concrete plans for the future?

Jason Eisen | UTU: Q4 is covered in the RoadMap…For 2022, we of course have our roadmap but have not published it yet as we tend to operate quite lean and 9 months is a world away in time and learnings – we wanted to leave some flexibility in the roadmap to integrate all the learning that will happen over the remainder of the year

We are definitely on track to achieve all our Q2 objectives on time

please send coffee to our engineers…

Mary | Satoshi Club: Which are the main goals for Q2?😄

Bastian Blankenburg | UTU: Looks like you might refer to our previous roadmap, from before the update. From our Q2 one, “Launch UTU protocol testnet” is almost ready, “Release Android SDK” is somewhere mid-work, and “Update DeFi Portal” means mostly integrating the now-released SDK to provide direct user feedback, which we just began with (but should be simple enough, given that our SDK is built to be integrated easily).

D. | Satoshi Club: who knows what will happen in this year with market, tough to plan things on 2022 already 😄

Jason Eisen | UTU: We will launch the testnet with the following main features:

The first implementation of the UTU Token (UTT) smart contracts, where you receive UTT for submitting accurate ratings, reviews, and recommendations.

The prototype of the token conversion mechanism, where you can convert UTT to UTU Coin (UTU).

Preliminary models for privacy-preserving endorsements and data usage rights controls.

Initial integration of the testnet’s endorsement smart contracts into our Trust API and SDK.

Mary | Satoshi Club: A lot of events 👏 it sounds like you will have a journey to the moon soon🤣

Bastian Blankenburg | UTU: Also, we do have big plans for the future, the tricky part is that a roadmap requires putting them into an order, but we also have to be responsive to our clients’ experience, market developments etc. So we think that setting things in order for more than a year is dubious, because it will change anyway. But yes, we could maybe add a non-dated “long term plans” section or so.

Mary | Satoshi Club: Sounds logical 😀

D. | Satoshi Club: you have a wise approach 👌

Mary | Satoshi Club: Thank you, guys! And live part is near 😉

Ready for the storm of questions?

Bastian Blankenburg | UTU: Let’s go

Mary | Satoshi Club: Let’s go 🚀

Part 2 — live questions from the Telegram community

Q1 from telegram username @Karoech

If I am just a regular member of the UTU community, is there an opportunity for me to participate in building the UTU project? Do you provide a member engagement program that benefits both the member side and UTU?

Jason Eisen | UTU: We are working on modalities to engage all the trust guardians that are out there and believe in our vision, to make use of the diverse skills and experience from around the world. Just reach out in our TG to our admins about how to become an ambassador/community manager. In Q3 we’ll open up some additional channels for folks to support us

Q2 from telegram username @centoscu

How can we trust to your Trust API about if it collects our private data?

 Bastian Blankenburg | UT: As mentioned, the trust API in its most basic form only requires relationship data. Client apps can decide what other data to provide, and on-chain data can be kept pseudonymous. However, providing more data does allow the AI to make better decisions. So we reward users for providing more data, but everything is opt-in.

Q3 from telegram username @ysasoma

Which countries can currently use the UTU infrastructure?

 Bastian Blankenburg | UT: Apps in any country can use it. Currently the UTU API stores its data in the EU, so a client app should ensure that storing the provided data there  conforms to the app’s jurisdiction.

Q4 from telegram username @mem197

🧨     UTU works as a recommendation service based on reviews from friends, or family, but this makes me wonder about how will UTU work for a person that is the first one starting this sort of chain? What kind of recommendation will be shown and how will it be different then from other review apps if there is no one near them to provide their data and a trustfull review?

Jason Eisen | UTU: This is a great question – the cold start problem. The answer is that we are all way better connected than we realize and our networks often look a lot like us and consume like us. If you think about your phone book, facebook, linkedin – you’re probably connected to like 2/3 thousand people, and each of them is probably connected to two or three thousand people. So your second level network is 3000 to the 3000 power….it’s a lot of people. What’s interesting is that we’ve also learned that trust has an 80% transitive property at the first two levels before dropping to zero. In cases where you don’t have any relational recommendations to be shown, we also work based on similarity of users and contexts

Q5 from telegram username @My1queen

You want to launch testnet with some basic features where users will receive UTT for accurate data. How do you check for accuracy of the data?

 Bastian Blankenburg | UT: We don’t check, because we’re not generally able to decide which data is accurate. Instead, or mechanism is designed to reward “successdul” endorsements (and later other feedback), i.e. those which lead to recommendations which have been followed by others who then also endorsed the service. There’s also a penalty for the reverse situation, i.e. users who follow a recommendation and then leave negative feedback. Together this should lead to users trying to leave truthful feedback.

Q6 from telegram username @meml97

🧨     It is not a secret for anyone that apps like Instagram, Facebook and such, tend to trespass our privacy without us even knowing to obtain more information in order to give recommendations more suitable to us. So, with this said, how will we know that UTU is not “spying” on us like those apps? What guarantee do you give us that will make us sure that the information we decide to provide you is the only one you really get? @databu @UTUman

Jason Eisen | UTU: We believe in data as human right and are building to this effect. It’s why we dencentralized our trust infrastructure, to ensure it’s perpetual benevolence for the net.

Q7 from telegram username @K2ice

Is there any form of sales for the UTT tokens or the tokens are just only awarded for participation in the system?

Bastian Blankenburg | UTU: UTT can never be bought, only earned through participation.

Q8 from telegram username @smelekin

What is the service fee you require from your partners, users and customers?

Jason Eisen | UTU: We are still iterating on business models but generally working with a pay as you go consumption fee model – $0.01 or less per query of the API depending on volume, with a free tier for small projects to build on our infrastructure from the start when they have limited resources.

Q9 from telegram username @Johana0012

Trust” is based primarily on personal relationships with respect to human actors (but may have additional transactional components), as well as the type of interaction (eg, requesting a certain type of service) and its  context.  What are the data that a user has to provide to UTU in order to enjoy the recommendation system?  If the user refuses to provide data to UTU, will she still receive a recommendation system?  How do you carry out the analysis of personal relationships? @databu @UTUman

Jason Eisen | UTU: Absolutely…much of our work over the past years has been about identifying the relevant context factors you mention for different sectors, countries, understanding which exogenous factors influence decision-making and how we can model those factors in. Of course the strength of the recommendations we can show is limited by the data a user shares and gives permission for us to use but the value proposition is essentially – Share more data, get better recommendations. It’s up to every user to share data and set their privacy according to their wishes and needs.

Q10 from telegram username @JasmineSha

Is it true that more UTT I have means more trust is granted to me, If so why should I keep trust token UTT with me while I can get tradable UTU token?

According to roadmap, UTU API will make users rate other users, how this will help UTU to achieve the goal, to be the trust infrastructure of the entire internet? are you building a network of trusted people?

 Bastian Blankenburg | UT: > Is it true that more UTT I have means more trust is granted to me

Sort of, it means that you participated and that other users endorsed your endorsements, so there was value that you contributed to the system. But whether other users trust you, is still up them — we never tell users who to trust, we only provide relevant information at the right time to make that decision.

> If so why should I keep trust token UTT with me while I can get tradable UTU token?

Chances are that you’d want to convert part of it to UTU Coin, yes, but this is available only up to some amount per day, and you need to win an auction to do so. Otherwise, having many UTT just might improve your “standing” with other users, as noted above.

Part 3 – Quiz Results

As usual, for the third part, Satoshi Club Team asked the chat 4 questions about the crypto project. A link to a Quiz form was sent into the chat.

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