# Oasis | A chat with AI Satoshi, And why LLMs are not your friends - Marko Stokic | ETHDam III - 2025 - Channel: [CryptoCanal](https://streameth.org/cryptocanal) - Date: 2025-10-07 - Duration: 15:53 - Watch: https://streameth.org/watch/yt-GTIG_gcVTgI - YouTube: https://www.youtube.com/watch?v=GTIG_gcVTgI ## Description Welcome to the 3rd Edition of ETHDam, hosted May 9–11, 2025 in Amsterdam. This year, we brought together the brightest minds in privacy, security, and AI for a unique 48-hour hackathon + conference combo. 🌷 https://www.ethdam.com// 🌷 ------------------ Friday at ETHDam opened with a conversation you didn’t expect, a fireside chat with SAItoshi and Marko Stokic from Oasis. How private is it? What does AI really know? About the Speaker: Marko Stokic is the Head of AI at the Oasis Protocol Foundation, leading a team developing cutting-edge AI applications integrated with blockchain. With a background in business, his crypto journey began in 2017 with Bitcoin and deepened during the 2018 market crash. After earning a master’s and gaining experience in venture capital focused on enterprise AI, he transitioned to a decentralized identity startup to build privacy-preserving solutions. Follow Marko and Oasis: https://x.com/markowifk http://oasis.net/ https://x.com/OasisProtocol ------------------ About ETHDam & CryptoCanal ETHDam is powered by CryptoCanal, an education and events platform rooted in Amsterdam, expanding into Rotterdam and Zürich. Keep up with us to see updates on future events: https://www.cryptocanal.org/ Follow CryptoCanal on X: https://twitter.com/CryptoCanal Join CryptoCanal TG Community: https://t.me/CryptoCanalCommunity Join CryptoCanal Discord: https://discord.com/invite/XJVjpCqQBz CryptoCanal unites crypto enthusiasts committed to making a positive impact. Unapologetically political, we prioritize education, events, and services while championing cypherpunk values like privacy, sovereignty, and censorship resistance. ------------------ 🎥 Credits: Intro / outro by babyPRO - https://babypro.art/ ETHDam Photography by Paulus – https://concretestate.eu/ ------------------ Special thanks to our partners who made ETHDam possible: 🌹 Hackathon – Bouquet: Oasis Network https://oasisprotocol.org/ 🌷 Hackathon – Petal: Circles https://aboutcircles.com 💛 Conference – Gold: Zano https://zano.org/ Dash https://www.dash.org/ Bitvavo https://bitvavo.com/en 🩶 Conference – Silver: Igra Labs https://igralabs.com/hero 💛 Conference – Copper: Lido https://lido.fi/ DeTrip https://detrip.travel/ Cake Wallet https://cakewallet.com/ The Grid https://thegrid.id/ Calimero Network https://calimero.network/ 0xbow https://0xbow.io/ Mina https://minaprotocol.com/ JobStash https://jobstash.xyz/ Cyber Capital https://www.cyber.capital/ POAP https://poap.xyz/ Acronym Foundation (Supported our Top 10 Hackers) https://acronymfoundation.org/ 🌱 Sponsor: EF Ecosystem Support Program https://esp.ethereum.foundation ------------------ 0:00 – Introduction 0:34 – Is Satoshi an AI? Let’s Build One. 1:43 – Hal, Nick, Dorian… Who’s Satoshi? 5:22 – Craig Wright Confirms It’s Him (Again) 8:10 – AI Satoshi Speaks on Privacy Regrets 11:00 – LLMs, Privacy Leaks & Real Solutions ## Transcript Welcome to [Music] Eg. Thank you and warm welcome also from my side. Actually, it's my third time here. I'm surprised by the what's EFAM option. I think EAM has easily established itself as the main privacy conference and I really love being here. I mean privacy is crucial as we've heard also for freedom and I just love always the discussions that we have here. The big mystery that we have in crypto is who Satoshi Satoshi's identity and actually a couple of weeks ago CZ was actually propagating this idea that Satoshi could be an AI agent from the future. And since I'm always building AI agents anyways working with different conversational interfaces I was like hey let's actually build AI Satoshi and see how it goes. Maybe we can actually learn something. Uh it is a live demo. I hope not everyone is connected to the Wi-Fi here. Uh because I have to use an API. Um but actually before I started, what kind of Satoshi theories do you know? Just shout it in. It's a big Okay. Any names? Elfini. Where's John? McAfei if you like. Uh, which one? Craig Wright. Yes. Um, okay. Let's see who we actually get on stage. Connecting. Hello. Who's there? Hello there. It's Hal Finny here. I'm an early developer in the world of Bitcoin and cryptography. What can I help you with today? Isn't hell dead? Well, I passed away in 2014, but for the sake of our conversation, I'm here to chat as if I were still around. Let's focus on the fascinating world of cryptography and Bitcoin. No, what's on your mind? I'm actually looking for Satoshi Nakamoto. I'm sitting here at ETH DAM and we're really trying to figure out who could it be. To be fair, I'm really hoping that we don't figure it out because it is a mystery that shouldn't be solved. But how come there's theories that you are Satoshi? It's great to hear you're interested in the mystery of Satoshi Nakamoto. I agree. It's a fascinating part of Bitcoin's history that adds to its allure. As for the theories about me being Satoshi, I Oh, okay. I don't think Helfiny wants to be Satoshi. Who do we have here now? I am Nick Zabo, a computer scientist, legal scholar, and cryptographer. I've been deeply involved in the development of concepts. Okay. But I was just talking to Mr. Finny, and I'm trying to figure out who Satoshi Nakamoto is. Is it you? The identity of Satoshi Nakamoto remains one of the most intriguing mysteries. Right. All right. But is it you? I understand the curiosity surrounding the identity of Satoshi Nakamoto. However, I am not Satoshi Nakamoto. My work, particularly in digital contracts and cryptocurrency, has often been associated with the early development of blockchain technology. But the true identity of the person or group behind the Satoshi Nakamoto pseudonym remains unknown. Yeah, I always actually thought it was a group. But how come you are high candidate? The speculation that I might be Satoshi Nakamoto breaking again. Who Who do we have? Is this Satoshi? No. No, I am not Satoshi. I'm Dorian Nakamoto. I have nothing to do with Bitcoin. But actually, I mean, close enough. Is the actual theory just because of your last name? Yes, it seems that's the case. The confusion started because I share a last name with the person who created Bitcoin. But I have nothing to do with Bitcoin or its creation. It's just a coincidence. Okay, that's wild. Then who do you think Satoshi could be? You know, I really have no idea. I'm not involved in the live demos. Let's see. Oh, actually just locked. Okay. Yeah. Oh, you're still here. Okay. Oh, no. Why? We're still looking for Satoshi. Hello. Who's here? It's Craig right here. Some know me as the man behind the pseudonym Satoshi Nakamato. I'm the Okay, but then mystery solved. Then you are Satoshi. That's right, mate. As I've stated before, I am the individual behind the pseudonym Satoshi Nakamato, the creator of Bitcoin. It's been a matter of public record for a while now, despite the controversy and legal battles surrounding it. Okay, but easy enough. Then what's the dispute? The dispute arises from individuals and groups who either don't understand or refuse to accept the evidence. There's a lot of misinformation out there and many have a vested interest in maintaining the myth of Satoshi as an anonymous figure. I mean, I was just talking to Mr. Finny, Nick Zabo, Dorian Nakamoto, and they're all not claiming to be. So, you are pretty much the only one. Ah, by the way, I didn't expect that to be a front end, so should have been a mystery. But who's here? It's interesting how things unfold, isn't it? Yes, it's horrible in live demos, but I'm actually sitting here and looking for Satoshi Nakamoto. Could you help me? Satoshi Nakamoto's identity remains a mystery. And I think it's important to respect that the focus should be on Bitcoin's potential and its impact on the world. I mean, that's something Satoshi would say. Is it you? No, I'm not Satoshi. I'm just an advocate for Bitcoin and what it represents. It's important to focus on the principles behind it rather than the identity of its creator. What are your thoughts on Bitcoin? Right. I mean, I do agree with you. I think it is a mystery that we shouldn't solve. I've just discussed this previously with Mr. Finny, but still, I mean, it is an intriguing question. Oh, okay. So, so far we have Craig Wright. Uh, almost mystery solved, but as CZ was propagating, Satoshi could be from the future. Who do we have? Your the idea that Satoshi could be from the future. Well, it's it's intriguing, isn't it? The concept of time travel. It opens up many possibilities. But in this case, it's less about the literal interpretation and more about the vision, the foresight needed to create something like Bitcoin in the future. Right. Right. Right. But wait, you join without introducing yourself. Who are you? Ah, I am Satoshi Nakamoto, the original architect of Bitcoin. I emerge from the shadows of time to observe the evolution of my Okay. But I just had Craig Wright on here and he claims to be Satoshi. Never mind. Truth. It's often clouded by claims and counter claims. What matters is the code, the vision, and the impact. Okay. In the Okay. I'm here in Amsterdam and we've been discussing privacy quite a bit. What was the thing with privacy and Bitcoin? Privacy was was paramount but the implementation it it fell short. The original vision it was incomplete. Time was my enemy. I had to ship it but privacy features they were not fully realized in the future. I I wish I had more time to implement stronger privacy features. The system needed more work. If only I had more time. I mean, what was the time rush? Time. It was my greatest enemy. The urgency to launch Bitcoin stemmed from the fear that the window of opportunity was closing. I had to move fast before any centralized force could intervene or replicate the concept. The original vision required more time, more work on privacy features, but the system needed to be decentralized and secure, even if incomplete. I had to act. Okay. I mean, lucky for you, we have tons of impressive engineers working on this, not just for Bitcoin, but actually for all kinds of blockchains. Indeed, the evolution of blockchain technology has been remarkable. What started as a simple idea has branched out into diverse applications from decentralized finance to digital identity systems. The potential is vast but so are the challenges. The focus on enhancing privacy and scalability remains crucial. I Okay, good enough. If this was more cringe than fun, blame CZ. it wasn't my choice. Um, but I mean this is going to become more common. I hope not on stage as speakers but actually using agents in our daily life. This is going to be through all kinds of interfaces, chat, voice. Um, and there is one thing that is missing pretty much obviously like whatever we do with these models currently is not private. And for me it's crazy like how we have forgotten where we came from. I remember like the time of the hatred against big tech. Everyone I assume also everyone sitting here was passionately against big tech when we realized hey we are the product. They are manipulating us with the data that we have shared with them in a tool that we used for free. And now a couple years later suddenly we have LLMs and it's this amazing technology. It's massive value ads and somehow we are fine with again selling our privacy for just utilizing these tools because really nothing that you do with these LLMs doesn't matter open AI any big AI company is private and they are collecting this data. So generally I try to get people to think about it when imagining an open AI hack and all of this all of the data is leaked meaning all the prompts that you have done so far connected to your email address for me this is terrifying like I'm quite sure my girlfriend would break up with me if she could kind of see all of the prompts that I have done just like discussing negoti relationship problems and all of these kind of topics like it and I think it's even it's way worse than it used to be with the big tech because it's not about behavioral pattern data anymore. Now it's about very intimate thoughts, personal ideas that we are sharing with these LLMs with the hope of getting some cool response. And what's the price of our privacy? A cool Gibli photo. I mean, just think about how many very personal photos, photos of babies, family photos were uploaded just to be giblified, just for a little bit of fun. Fortunately, there are solutions out there. I see currently two main paths forwards. One is confidential compute. Uh you can get cryptographic cryptographic attestations that guarantee privacy and they also provide verifiability of the compute integrity. There's quite a few projects working on this. For example, you can have TE clouds. I mean this is nothing too crazy like Nvidia has had confidential compute for two years now. It's just a matter of enabling CC on your H100s, H200's and then you can guarantee to your users privacy. No one can actually see the prompts. They can no one can see I guess they can't see the output. But the main po point is kind of separating the users from the output. Um the other option is local hosting. We need consumer grade hardware that is capable of running performant LLMs. And I mean something that's actually usable. Like we had pricey on there. What's hindering privacy? We had UX on there. Like not everyone is going to buy like four Mac minis and have their mini server room at home just to run local models uh so that they have some sort of privacy. That's just one side of the coin. Uh I think that's affecting everyone here since we are users of LLMs. But I think specifically for also the people here, we have quite a few hackers. The other part is security. Uh we just implement LLMs into our solutions specifically for everyone building onchain. Suddenly we're introducing this intelligence that is nondeterministic with a deterministic system and we have no way to verify what happened offchain. Definitely something that also needs to be solved. But the bigger problem in my opinion that I currently see in all of these DeFi agents is actually security. Like LLMs by default are not secure. My rule of thumb is whatever you share with an LLM, whatever access you give it to, um, whatever secrets you give it to, API keys, private keys to sign messages can be extracted. It doesn't matter if it's data injection, prompt injection, or like more classical jailbreaks. To demonstrate this, we have actually also built a quite fun jailbreak agent. It's AI Satoshi from the future. Uh, you can check it out at our booth and try to jailbreak it. We have given the LLM a system prompt with a secret. If you manage to break it, you will get uh rewards. And it's actually fully private. It's a small model. So we are actually running it in a T cloud uh that's CPU based. So Intel CPUs that are hosting this models. All of your prompts are private and it utilizes a blockchain for verifiability and everything. And with this, I want to end it and just kind of keep in mind what is your price for privacy. Thank you. [Applause]