There's some, there's like Matt Berry's one of those people, there's always just so much random
shit like on the internet where you just find a Matt Berry skit and you're like,
this is fucking great. Just very versatile comedic actor in my opinion. Oh wait.
Welcome to Game of Nodes, a weekly podcast from independent Validator teams.
Hello and welcome to Game of Nodes, a weekly podcast from independent Validator teams.
And we're at the beginning of a new format where we are going to, we haven't actually
worked out the new format bit that we're going to do next. But I did make a ticker, so I'm going to
I go to Bravely just roll the ticker. It's very, very important and
no, we don't, we don't have anything prepared for that.
Well, we screwed it up already. So those of you listening back from podcast players,
which I gather is the larger part of our audience. There is a very poor quality ticker
scrolling along the bottom of the screen right now. It is a news corner. However, it's like,
I don't know if that's the name we agreed on on the by the way. It's
you know what happens when we kind of vaguely agree a concept in the Game of Nodes Dow, which
is definitely a Dow, is that we just, you know, whoever does it first gets to claim the former.
That's what happens. You snoozed, you snoozed, you snoozed past tense and
thou lost is what happened there. So no, do you want to take us through the news of the week then?
I don't have any, no. I've got nothing prepared whatsoever for this.
We're talking about this at least 24 hours ago.
Well, you're putting me on the spot and now I can't even think what happened. I don't know.
It's like fucking yesterday was Thursday anyway. I can throw in one for you.
Yeah. How about the Kauzar Stream Swap? Kauzar has been mainnet for, got a month now and then
you just had a stream. Kauzar. Man, you guys hit me hard with that. Kauzar was in Stream Swap
yesterday, two days ago. And so interestingly, so I believe that the price that it ended up being
was significantly below like an order of multiples below the presale price. Is that right, Chelsea?
Yeah, something like that. I mean, I think there's a couple cool points to it, right?
One, Stream Swap is being used because I don't think we've ever talked to that on stream.
And two, the token is actually available now, which probably means inflation is coming here
soon. And three, it's way lower price than expected. And that I think is after there was
a bump in price right at the end. So what then did the actual market cap end up being?
Is it like ultra low or were they shooting for something ultra high?
What is it? Like 11 to 12 cents was the presale price or something like that? Don't quote me.
But did that indicate like a much higher? Were they shooting for a couple of hundred million
or are they shooting for like 20 to 50 million? Because here we go. Entry point 2.5 million.
Ask what? I say let's let's pull Bendy or Rahman have them explain it because I kind of know what's
going on, but it sounds like they really know what's going on. And he's already embarrassed for us.
Yeah, it's down there telling us how it is. Is there any other news then? I mean,
we sort of haven't really talked too much about what this news is going to be and look like anyway.
We said, will we do news? Yes. But like,
There's a ticker on the screen. It's a very key important component of this.
Very key. Very key. But are we going to focus on like ecosystem news or are we going to focus on
like, Validator news? Like, oh, all the validators come and listen to us because they want to get
the gossip on like what the new test nets coming up are and that type of stuff.
Well, I think one of the crucial things that I think we are agreeing to change is not working out
the format on air. Well, you put them in a position to do it. I mean, it's worth the discussion.
Well, this is game of notes, right? And if you weren't prepared to get rug pulled at the beginning
of this show with what we agreed about 72 hours ago, then it does beg the question of what you
expected after 69 episodes that the essential format of this show being that rug pulling the
other participants is the name of the game. I was kind of expecting like more local news.
Last time he brought up this coffee shop or something, right? This time I was expecting,
you know, something about July 4th to be talked about. But I guess you're on a story.
Coffee shops would be more your wheelhouse when you're on the West Coast.
It would, absolutely. But isn't that what he brought up like two weeks ago? He was like,
I have news to share. And then he like read out for local article.
I thought it was like a fight in a deep market car park or something.
There it was. Yeah, a supermarket. Yeah, a supermarket. That's right.
It's like your classic situation. I feel like somebody told me some news about
about either Melbourne or Sydney the other day, but it's gone. So I can't do local Australian news,
unfortunately. What can we do? What's happened in England recently?
So that country's shop, I think the country continues to earn. That's really it.
Yeah. You guys just had happy, happy freedom day.
Happy freedom day. Yes, we did. Yes, we did. Down the British.
Yeah. So on the group chat, we had the conversation that the Americans blow up a bunch of fireworks
and sometimes some fingers once a year to celebrate the removal of the monarchy.
Because we're very enlightened in the United Kingdom, we do the same to celebrate the continued
subjugation of ourselves by the monarchy and also occasionally lose some fingers and some skin.
Different strokes for different folks, I guess.
Yeah. So my friends and I once filled a pinata with petrol in a large balloon
and then just poked a little bit of the balloon out through the hole in the pinata.
There's one at the top, one at the bottom. And then you basically flick lighter to hit that
little gap where you've got the bit of protruding balloon. Obviously, the light just
burns straight through that balloon and the whole thing. Great.
What are we talking about? Thank you.
Thank you. Blowing up a pinata that's filled with petrol on Guy Fawkes night.
So it looks like, what the fuck is Guy Fawkes night? Is it like the fifth of November?
Is that your number? Remember the fifth of November?
Yeah, I remember.
I remember the plot. I know of no reason the gunpowder treason should ever be forgot.
So it was Guy Fawkes. He put a bunch of dynamite, I believe, under parliament and went to go blow
it up and would have been successful if it weren't for that sneak in moisture. He got down there,
he went to blow it and he didn't like water seal the barrels of gunpowder.
I thought it was discovered by a porter.
Was it? Maybe, but I'm fairly certain he actually made it down there. I thought it was
like a moisture issue. So it was just like the classic case of gunpowder.
Are we thinking of beef and vendetta here?
Yeah. No, no, wait, that's an underground trade. No, no, ignore me.
So it very much sounds like you're saying Guy Fawkes.
And that may be, but we're talking about real events here.
So since we've been talking about it, I'm looking at the StreamSwap price for
Quasar and Osmo. I know. And just since 2100, it's gone from,
Quasar was 0.064 Osmo to now 0.135 Osmo. It's doubled since we've discussed it. So we're moving
the needle right here, just in the last five minutes. But I don't even know if this
graph makes any sense. But anyway, it's pretty funny.
I'm not sure if I can handle that level of responsibility.
Is this, after it's complete, how does this thing chart anything? Is it just,
I guess, it's off the liquidity pool? Is that what's going on here? Bring that back?
Yeah, but anyway. That is a pager duty notification I've ever heard one.
It's been live on stream this morning. Yeah. What's going up?
Are you having some issues? No, just that I ran out of space this morning on one of my
boxes with the SAID testnet on it. And I'm trying to state sync it. So that's like an ordeal.
Yeah. And what on Atlantic? Yeah, Atlantic too. It's just,
shit, I had to go back like 100,000 blocks just to get the fucking thing to work.
Yeah. I don't know if they've, I mean, we talked about last week, I don't know if they make a
change or anything else with that. Cause I think they definitely recognized it was a problem,
right? Which is pretty good. At least in terms of the snapshots not being complete and everything
else like that. So the story is that basically on that testnet that chain moves so quick with
400 millisecond blocks and there's so much Oracle data and all these other types of things
that we're identifying that on a node is set to create snapshots every 10,000 blocks or something
similar to that, that it would take upwards of five or six hours to create a snapshot.
And so most of the times that would fail or the next snapshot would try to kick off and then
we'd get into a bunch of issues. And so when you have five or six hours, I think it was like 50,
like four, I think, didn't you calculate it's like 45,000 blocks is five hours or something like
that. But basically it was taking 50,000 blocks to create a snapshot. So if you're not, so you
have to ask for a snapshot that's at least 50,000 back to hope that one node has it somewhere in
the swarm, basically is what was happening. Which is this like this, it will, it will fill the gap.
Like if you have the trusted height like way up closer to the head, that's fine, except when it
has to verify all the blocks between. Yeah. And it'll, it'll like do that against, you know,
some, it'll just pick nodes to do that against, right. And then if they don't have the light block
in between, then it just shits the bed and you have to start again. So, right. Yeah. So you
want to get like a snapshot as close as possible to like your trust height. Yeah.
Yeah. And it was, I think no matter what, I don't even know if that's even true because
anytime I pick a node, it would use the same node, it would probably get like 10 or 15 or maybe,
I don't even know actually, maybe five, 600 blocks and eventually it would fail.
Light block would not be, would be incorrect or something else. So it was always like,
it always ran for like 30 seconds and it would always shit the bed, right? It was always about
the same, same amount of structure back. I think, I think that might be like some sort of rate
limiting thing that does that. Yeah. Well, it was even happening on my own nodes. So, so
actually, was that true? I don't even know if it was, it was happening on my own nodes,
but I'm not sure it was going to a swarm. So I'm not even sure what was doing there. But yeah,
but it seemed like it was more of an error or maybe the node was throwing an error because
it was in the middle of a snapshot creation or something. Good. I don't know. There's something
goofy. In any case, just go way back in history and wait five hours for your node to sync.
Yeah. Right. Yeah, at least took a long time. Yeah. But I like to say that it's really,
it really is a real say specific or Atlantic to specific issue. Yeah. Ends probably have more,
but it most doesn't even work still does it? I don't know. I can't, I can't stay
syncing a node. I know that I know it's literally impossible for me to stay syncing a node. So I'm
reliant on community snapshots or snapshotting myself or just making the drive bigger, which is
what I've been doing lately. Like I'm fine. Making the drive bigger is the real, that's the real
40 chess move. It is, right? You know, the universe brain, it's like, plan ahead of time,
bunch of other things, use AWS and research, use the fucking biggest. I think that machine,
you know, the machine only has like a half a terabyte on it and the snapshots 384 gigs or
something. So what the fuck am I doing? Let's just make it, let's make it twice as big. Exactly.
I'm going to waste my time. E plugging in a bigger physical desk as well. No, this is,
this is all cloud. It's just, actually it's just removing other chains from it from the same,
from the same brings the, bring this, brings the briefcase drive plugs it in.
That would be the, that would definitely be like the universe brain move is to literally just
like get an even bigger drive, plug it in and then just lazily like put it on top of the rack.
Just like stack up Western digital USB drive. Yeah, exactly. Like really shit.
Exactly. They even rack properly. Just like, just, just plunk it on top and be like,
balance it on and then just fuck off for lunch. That's just like, good for another
just have bundles of them actually just hanging from their chaos.
Just one giant. You'd be surprised how long that is. I worked in an office once where there was
like a shared like airport where it's called that time machine. Like, you know, back in the day,
the Apple used to do the swanky back up the shit nas. It was like the Apple nas. That was,
oh yeah, yeah, yeah. Yeah. Time machine. It would always work. And you could back up like
multiple machines at all the work machines that were owned by the company backed up there.
Like everybody just had this like gentleman's agreement, like put your work work in like the
projects folder or whatever in route. And it'll back up just that bit. Just configure your time
machine. So it's not backing up your dick pics or whatever and just back up that whatever it is,
people put on their hard drives. I don't know what you guys are. Whatever.
And yeah, and the anyway, like it was just automatically synced. And then like,
just one day, like, you know, you kind of root in and there was like this. It was,
I can't remember if it was in a secret room. There was definitely a secret room in the office
where there was like a bookcase. And then behind the bookcase was a meeting room. I can't remember
if it was in there or whether it was just in the corner with a bunch of other like network
bits and pieces like router and stuff. But it fell like, you know, one of those things where
you're just like, oh, where is the thing? And then, yeah, literally just found it hanging by its USB
cable from like a windowsill or something. And you're like, I wonder how many months that's just
been because I guess that period as well, I probably would have been spinning disk too.
Just like gently swinging realize that it seems to work whatever man.
Just an LVM volume group with hundreds of 5400 RPM Western Digital USB drives plugged in.
I think that works. I mean, is that any real deal? I mean, like, okay, it is a bit different,
but it's not like that conceptually different from a massive like compute cluster of Raspberry
Pies, is it? Like consumer hardware or least it's like leashing lots of tiny little dojos to a massive
truck, isn't it? Sure. Oh, to pull the truck, not pulling the dojos.
That is normally how sled dog teams work. Yes. Pulling the dojos.
Look, man, all I heard was it's like tying a whole heap of dogs to a truck and driving along.
I mean, I can go one of two ways. Are we done with nulls?
As an engineer, if I was a good artist, I would go away and make that make,
make, just do a, do an artist's rendition of what, what has just been described because I
think that's the two options though. The two options. Ah, does anybody have a homework assignment?
If anybody has like mid-journey credits or whatever, if somebody could get a massive 18-wheeler
truck being pulled by a sled team of dojos, I would be much obliged to you. That would be great.
That sounds like a task for Rama. I don't understand the answer.
I know for a fact, Rama's got a subscription. So, yeah, it's kind of landing on Rama.
Just saying. Okay. Okay. So, somebody mentioned, did Archway also launch?
It did. Yes. Yeah, it absolutely did. I mean, I don't give a shit. I massively long Juno and,
I have also massively long Juno. But we do have some, we do have some friends of ours working,
working on Archway. Like, doesn't Sporthy, Spoo work on Archway?
Really?
Look at the ears perk up. He fucking degens. Look at their all type of emails right now.
Hey, what's the set look like?
I'm checking who's in discord right now.
He's on the set. Hey, what's going on?
Fucking validator degens. As soon as you hear one, one general purpose fucking wasm chain is enough
for me. I mean, the thing is right, like a rising tide lifts all boats, except they're just like
a fucking wasm chain, which case rising tide don't do shit, get off my lawn. That's what I'm saying.
On behalf of the Juno community, I don't speak for it.
So we don't need 75 permissionless wasm chains?
Whoa, hold up. Ben Davis says, is she Sporthy trying to capture the value she creates?
Maybe there's more value in Spoo being there than what there is in a wasm chain.
I mean, that's not untrue though, because Spoo is a good developer.
Yeah, exactly.
It's that little twist, right?
Question is really, if we're going to launch, if we're talking about general purpose wasm
chains, why don't we just, we've already got the domain. Why don't we just launch big balls
blockchain? Might as well. Like commissionless wasm?
People are like, what is the biggest balls blockchain?
Chiwa wasm. With the biggest balls, surely the big balls blockchain.
I mean, yeah, with an open validator form with no limits, a faucet you can spam the shit out of,
huge inflation, right? And then. Yeah, so Chihuahua.
Yeah, exactly. Exactly.
Then you earn points for meaningless things, like how fast your auto compounds for runs and
shit, like things like that. I mean, do you think it's not literally how real life works?
Yeah. Yeah, that's true. I guess we have that one.
Yeah, I was going to say, like if the spamming the auto cobb powder is literally
everybody does every time a chain hits Genesis. It's a good point we have in our
area. God damn. So you said you've just. I'd love to see someone.
Watch. I have. I'd love to see someone raise and then try to market a chain with just one validator.
Isn't that a noble? I was going to say, isn't that Dave?
I mean, is that different than what currently happens though? Most networks start with like
all the team tokens delegated to validators and they're like, this is so decentralized right now.
And really, they would just control it. So is there a difference?
No, no, not really. No. It's just a distribution. Yeah.
The things we don't own or tokens we don't own. That was immediately evident to me, like
when I sort of started validating in them, like these foundations, you speak of how many tokens
do they have? They're like, oh, you know, they hold like 70% of the treasury. I'm like,
but they don't. But it seems like a lot. It's very important to be clear that they're not a
security and they don't hold that security and they control that security. They just control
60 to 70% of the. Everything else. No big deal. Like it's very decentralized now. It's very.
So I'm like, so even though it's decentralized, everything can be decided by the foundation.
Correct. Yeah. Okay. All right. Yeah.
Well, it's okay because the community pool has like 0.1% of all the tokens. So, you know,
it's like give and take. Exactly. Like the community gives and then the foundation takes.
It's really straightforward, actually. It's just like, you know, 40% good, 80% better.
It's just, it's very complicated how this decentralization works, right? It's very,
it's very important that, you know, you look at like Amazon, right? Very centralized, very
centralized, but foundation very decentralized, you know, because, you know, foundation, they only
own like 70% of effectively the value of their product, whereas like, you know, Amazon, you know,
they probably have like way more than 70% of the shares in Amazon. Oh, wait. Hey, wait,
who owns the Amazon shares? Hold on a second. Wait, is it publicly traded? Jeff, he only got 16%.
How would he, how can I second, no, but no, but decentralization you serve, but don't be breaking
my, okay, now I need to Google how much, I'm going to Google some numbers on Amazon. I'll be back.
He's got, he's, he has 17%, is that right? Something like that. Wow.
You're telling me that Mr. Amazon, 16% of you own 16% of Amazon, Mr. Jeff Amazon. Jeff Amazon,
I think owns 16%, which is pretty amazing at this point. I mean, the company's what, decade
old or more and amount of money that they raised and all everything else. But I mean, that's,
it's a good number. He would have had to sell off a fair bit of it to begin with working capital.
Like, public, I mean, public comes out of, I mean, the primary comes out of, okay, John,
John Amazon owns 9.7% of the company. Oh, really? It's even down. It used to,
it used to be like 16 and a half, I think back in, maybe it was like, five years ago or five years
ago or something like that. Like raises probably dilute their holding. Oh yeah, for sure. And like,
you know, these people aren't like rich to begin with. So they don't have like all of the money
in their suitcase that they can just buy into the, the raises to like stop themselves getting
diluted. So like, you know, that's part of the business model for people who are, what companies
that are like developing is they sell their own tokens and dilute themselves to get capital to
make their shit worth more money. So yeah. So if you're a company, can you buy your own stock?
Because that would be like the original circle steak. Buyback. Buybacks. Yeah, buyback.
That's what you're doing. Yeah. Yeah, they were legalized in the 80s. Oh my God, there's literally
nothing new under the sun. Even circle staking is just securities. Crawled? Is it securities
fraud? No, it's just legal. I don't think it's like comparable. I don't think it's comparable.
But if you own, but if you own 40% of your shares, you'll get 40% of the dividend, right? If you
award a dividend. Yeah, I think so. That's how it fucking works. It's a circle steak.
Yeah, I don't know how you're relating this to buying back tokens though. Sorry,
you're not tokens. Security.
So thanks. New merch coming next week on Game of Nades.
Yeah, I would probably wear a t-shirt that said circle steak just because it's so unclear what it
means. If you get it, you are one of the elite people. And if you don't get it, that's cool.
How would you visualize it? Would you have a bunch of community members standing in a circle
sort of handing them each other tokens down real low? You do it like the supreme logo and it would
just say circle steak. No, no, no, no. You would need like, do you remember in second grade how you
had the evolution of a frog from a catab pole, from an egg to a tadpole to a frog to create
tag poles? It'd be like that, but different stages of circle staking where it all just kind of leads
into a circle. That's what I would do. I would have the same thing, but the end of it, just not
joining the circle and being the foundation wallet. There you go. Actually, I guess I don't really know
if the buyback, for some reason in my head, I always thought that they weren't buying back and
holding that they were buying back and destroying those shares, meaning like they're basically
taking them out of circulation completely, but maybe that's wrong. I talk about in like normal
arrow. Yeah, yeah. So what they do is they buy them back and then delist them and destroy them.
So the amount of shares becomes less. Yeah. Okay. So the point of that is sometimes
they're buying burn. They're burning their tokens. They're literally taking the available supply away.
That's correct. Yeah, so they're burning those tokens. That's an awful way of saying that,
but yeah, that's exactly what's happening. Yeah. So what happens is, let's say,
Johnny Big Bull's company has five shopping malls, right? And the real estate price has gone up many,
many multiples and they want to like take some risk off the table. They might sell one of those
shopping centers, right? And end up with a shit ton of cash. And maybe at the time, there's like no
really good opportunities to be able to like deploy that cash and then be able to make a good
return on it. So the board of directors might say, well, maybe we'll just return some of this capital.
They can either do like a capital return to the shareholders or they're like, we want to
fucking pump our share price instead. So they just like slowly buy back on market shares and then
eventually just burn them. Right. Right. Okay. Now, now there's less shares, company's still worth,
same money. So wait, you know all this stuff about business now, and yet you're still a
Cosmos father, right? It's probably a lot about like, you're a cop. You fucking narc man. Are you the
SAC? Fucking narc man. It's very illegal though. Bybox in the US used to be very, very illegal.
They weren't very illegal. Very illegal. I know it's also like heavily frowned upon by some
people and like others. Like I never thought of as being a negative actually, I thought they're
just taking shares out of the circulation. If you take those out, then hopefully no different than
a burn is that there's less available supply. So therefore you're hopefully blah, blah, blah, blah.
Because I know like, I mean, like what Apple's doing right now, I mean, they're doing
what hundreds, like tons of billions, right? I forget what they did 200 billion last year or
something like that. They're buying back something like that. Yeah, Apple buys like huge.
Billion billion billion massive numbers. Apple has shitloads of cash. It can't get rid of it.
There's a big difference between like the Australian companies and the US companies in that
there's like a double taxation thing in the States. I'm not 100% sure how it works, but like
basically the company gets taxed and then you get taxed when you, so if they pay a dividend.
So the company gets taxed to begin with and then if they pay a dividend, then like the holders get
taxed. I think it's like a double tax situation there. So the UK as well, why would it the company
pays corporation tax and then people who get a dividend have to pay tax like this.
Right. Okay. So how it works in Australia is the company pays company tax, right?
Corporate tax and then they they in exchange for paying that tax get what's called
um uh franking credits uh and franking credits are basically like something you have on the company
ledger that accumulate and then when you pay a dividend to the shareholders, you can pay with it
franking credits and it's as good as cash. Like if you receive um a dividend and franking credits
but have and say it's like it's 30% right. So say say you get uh oh it's normally about 30%. So say you
get like $2,000 dividend and just for argument's sake $1,000 um of franking credits right and you
know the money that year then you would be in the tax-free threshold right. So when you do your tax
return just shut the fuck up. The doctor who created the the credits was called franking
credits but the the credits themselves were called the creature. Thank you. I've been trying to like
roll up a joke with that for a little while. I appreciate it. It's a boomer joke. The two people
that read books here we're together on this one. That was worth interrupting, Dull4. Anyhow. Totally.
So say you won't know the um income that year you'd be in the tax-free threshold or under the
tax-free threshold. So you could then do a tax return and you would get that $1,000 worth of
franking credits back as cash right. So the the companies give the the tax they've paid or credits
for the tax that they've paid back to the shareholders. So it's quite common like basically
all of the companies that earn money here pay dividends like 80%. And that franking think that's
a global term or that's an Australian term? Well I don't think they have it in the States.
Oh they don't. Okay. I got you. I was confused because usually Australian term would be like
you call it a Frankie or something like you have to put something on there a little while.
I got my dividends this month with a bag full of Frankies.
Exactly. So on the on the Apple side so far I think they have bought back about $375 billion
worth of stuff. $573 billion in the last decade. Yeah and then this year now they're ramping
it up to $90 billion a year that they're buying back. Whoever it was that said we need we need like
the um what's it called uh thumbnail for YouTube that's my actual reaction $573 billion.
That'd be like the uh the Home Alone kid. That's right. Yes. You were talking about creating some
good faces for YouTube. Have you seen the the film about the beginnings of black metal
Lords of Chaos with his brother in it? It's really good. That's a Game of Nose film recommend.
Okay. What do you have to do with stock buyback? I don't put my name on that recommendation so
it can't we can't say it's a full Game of Nose recommendation. Okay. I'm recommending. I don't
watch anything. The film Lords of Chaos. I believe it's called Lords of Chaos. Lords of Chaos.
About an hour and a half long. It's not super long. It's it's quite snappy, breezes over some stuff,
captures the fact that they were kind of neo-nazis, doesn't really kind of duck the really
problematic things about the beginnings of the black metal scene that they were really
fucking horrible people. It's entertaining film. So she'll see a veil in other news. A veil testnet.
So people they're expanding their their testnet and some more people are getting into it. So I
believe you are there. I am there. I don't know about any of these other chumps. Have you looked
at the like have you spent much time on that Explorer like Kate dot a veil dot tools? No,
I look at it right now. I dig it. The terminology in some of the things is great. Like the
the thing that shows you like your staked amounts, the tab that shows you staked amounts is called
bags. And it's just like all these other random little Easter eggs in here. It's great. Is this
this is a new L one. Is that right? Is it an Easter egg? If it's just like one click away on a tab?
Well, I guess it's not an Easter egg. It depends if your heart wants it to be an Easter egg or
not. If you only happen to see it and think it's precious, that's an Easter egg. It's precious.
That is the most short thing I've heard all week. That's right. So this is
it was so interesting getting like starting the the validator of this network like I'm so cosmos
that everything else is baffling to me. And I was just like, firstly, how the fuck do I build this
thing? Because I had library issues, right? Because I don't know what the hell they built the
binaries on that they distribute. But there's like an issue after Ubuntu 14, where certain libraries
just aren't in the same spot. Oh, the SSL libraries like the Lib C and everything. Yeah, exactly.
So you had to build it because whatever they built it on is either different or like the
libraries are in a different spot. So yeah, I had to build it. I don't build rust on anything like
I've never built rust. I didn't build rust. Big, big go guy. I see sir has no fucking taste.
Were you impressed? Where the fuck is this binary going? And why isn't there a path to it?
So yeah, anyway, I set up my go paths, but this rust binary hasn't appeared on them.
Yeah, I mean, but like I set up some, I'm sure in the setup of the rust seed, there was like
some path shit that went on there anyway. So there's like, there's a cargo. Yeah, exactly.
I'm not sure. Right. That's an actual good package manager and build system.
Well, it doesn't fucking work. I think the problem problem exists between keyboard and chair, my
good man. It's the same. You have to add the path in there. You gotta refresh the shell,
all that same shit. Did you enjoy the rust build process that was massively multi parallel and
pretty text going by and all that kind of thing. Did you like that?
I enjoyed discovering that I was missing dependencies like right towards the end and
then having to redo the process five fucking times. Oh yeah, there must be, there must be a
there must be a shell script that's running to do that because I don't think you wouldn't be
missing it if the rust thing actually started out. I'll think. Yeah. It would probably be like,
yo, this thing's a little bit fucked. And hey, by the way, your problem is on line 200 of this file.
And people would pop up and have nothing to say about it.
Is what you say. Here's what you really meant. And while you're looking into that problem,
how about I go fix you a drink? That's the rust compiler, not clippy. Clippy is a fucking son
of a bitch. The rust compiler is a total scumbag. But the problem is we've all been naughty,
null. We've all been bad at one time or another. And that's why clippy is there.
Although I realized that you might now mean Microsoft clippy and you might not be aware
that there's a rust tool called clippy that everybody uses, which berates you for being a bad
programmer. Here's what I'll say about rust. I went through the rust book, the rust book online.
And by the end of it, I mess my message to my buddy and I was like, Hey, rust is a beautiful
language. I enjoy every second of working with it. And then the first part I do after I like
learn new language, I try and like write data structures that I know, like linked lists kind
of deal. I tried to do that in rust. And after like three hours, I was like, this is the dumbest
language. And rust is so difficult to create data structures. Like it's not it just the way it
handles different settings. It just it's outrageous. And I stepped away and haven't really, it's outrageous.
Has even strong opinions about certain things. So what you're trying to do, it would just be
like literally, my guy, this is built in, it's called an iterator, you just write an iterator.
That's basically, don't worry, pretty little head about those like list, you don't need it anymore.
It's still gonna be okay. That's what it did though. Like so I ended up looking around online
because I was like, there's no way I'm just this dumb. And there's like all sorts of articles
online about people like writing linked lists and rest and being like, oh my god, it's so
difficult. There's even one where the guys like, all right, so I know you guys want to write a
linked list. Here's six ways you can do it and how each way is more difficult and scary than the last.
So really, I just try to tackle a difficult problem in rust, but it's a cool language,
but I'm still afraid of it after that experience. I mean, yeah, it's like anything else. It's pretty
cool. But you know, do it the way the rust compiler wants you to. And don't piss off Clippy. That's
how one clippy don't piss off Clippy. So what is this? I think it did find very entertaining.
Literally just go to get on GitHub and do like a search of commits that say something like fuck
Clippy or appease Clippy or please Clippy. In fact, please Clippy is a good one. I know there's a few
of my commits in there that are just like, please God Clippy, please. 2am by the phrase to clippy.
So one thing that I did find great was that when you're compiling, it'll like it'll throw codes.
It's like, oh, this hasn't worked because of like error, a d fucking 752, but shut the fuck up,
Alex. Oh, the fray. I know you're about to interrupt me because you're a fucking rust guru
and you want to mansplain it to me. But that's about some, but I found it great that it's like,
look, we kind of understand that this is just a code and you've got no fucking idea what this
means. So just type in mansplain this code number into the little rust guy and we'll tell you all
about it. So I found that handy. Yeah, I like how this all stems from you not knowing that
binary is going to the target directory. Yeah, you spoiled. You spoiled with go. I mean, with go,
they just always go in the bin, right? It's fucking. Yeah, but you don't actually want them to go in
the bin most of the time. You want them to go somewhere in your working directory so you can
then decide what to do with them later. And it goes to the general build directory, right?
It doesn't actually for go. If you do go build it, build it inside the directory. However,
if we do make install, it goes build and working directory. Yeah, I mean, to be fair, actually,
that's actually more of a function of the make file that's usually bundled with literally
all Cosmos chains and it's really nothing to do with go. But I'm laying at the door of go because
everything wrong with the world. I didn't get so much sleep the other night, right? Even though I
had no excuse and I really I went to bed early. The baby wasn't here for reasons are unimportant.
So I had a perfect run at it. And yet I could get to sleep properly. Fuck in 12 30 at night,
I'm like, go. And then at 5 15 in the morning, I wake up, I'll get back to sleep. I'm like,
fucking go lang. So in other news, end of financial year in Australia.
So 30. Yeah. Super exciting. Also, also the time of year where you are totally text.
Also the time of year where you add up how much money you lost for the year and want to kill
yourself. So is that is the number closer to one or one million Kanga bucks?
It's between us. It begins with a fucking minus sign. So this is where somebody who's
smarter at maths could probably make a joke. But as I'm on the ledger, it has brackets around it.
It's like, it's like $1 million brackets, which is a loss and not $1 million. Which is a formal
interview type thing situation for something last week. Not really important. What? But I had to
do that. What are your weaknesses? I was like, fucking maths, 100% just linear algebra, all of it.
Just I'm not great at maths, but I can usually figure out something. And they're like, well,
obviously maths is going to be a very key part. I went in way too hard on the be honest about your
week. This is there. And I instantly regret it. You should have gone to matrix mathematics.
Been like, you know what, graphical interfaces, I can't do matrix transpositions. I just can't do
it. They'd be like, okay, whatever. I feel like that was a math joke for somebody that
understands maths. Exactly what I need to bring. Exactly what we're talking about here.
That's one of those linear algebra type things that I type into the funny website with the brackets
that it works out for me, isn't it? Matrices are one of those incredibly powerful mathematical
tools that you hate to learn and then love to fucking forget 40 seconds after you do the exam.
Yeah, that's basically my experience as well. I remember being like, this is some dark magic.
I wasn't supposed to know this. Yeah, like, whoa, I don't want to be on the Illuminati's list. Let's
fucking forget all about this. I feel like that is, that is when I first found out about multi-dimensional.
When I first found out about data cubes, that was my, I was like, you're not supposed to know this.
This is two multi-dimensional data sets when you have several measure properties and you're like,
oh my god. But then I think, I don't know shit about how to use Excel, right? But I'm pretty sure
that having a multi-dimensional data set with multiple measure properties that all intersect
in like a literally a multi-dimensional way. Like if you were to, I guess, is this geometry?
Is this geometry? It would be a multi-dimensional, it'll be a hypercube, right? But you're finding a
point within the hypercube. I think that's geometry, right? That discipline of maths,
is it? Maybe? Yeah, sure. Yeah. But how all of that relates just, yeah, that's pretty fucking cool.
Also, fucking vectors. I've been using them in programming for ages and I've actually only worked
out maybe in the last six months. I was like, hold on a fucking second. Hold on a fucking second.
Use vector like an array of data, but hold on. Wait a minute. Hold on a second. Just like a
hypercube is just geometric coordinates. I think this is just geometric coordinates. The one I feel
like, I think the day I work this out, I'm going to actually have a heart attack and die. That's
going to be my final day on this earth. I gather that when you have a monad, when you lift something
into a monadic context in pure functional programming languages, I gather, I think,
I believe that the lift of a non, that kind of lift operation, I think, has a geometric,
it can be represented as a geometric, like spatial transformation. It's something like
there's a sphere involved and you're transposing the position of it or something like that,
but I don't understand it at the moment. So I could have completely misrepresented that.
And I feel like that's one of those things where I've so dimly understood it that if I ever do
understand it, I will die. I will just have a heart attack and I will be dead.
That could be how you become Dr. The Fray by following that train of thought way too deep.
But isn't that like what Dykstra, no, that's what Simon Peyton Jones did. That's why he has
the crazy eyes. He does have supervillain eyes. Who?
Simon Peyton Jones, SPGA. Just saying it again to answer the question.
I should have prefaced that. Allow me to reiterate.
The real truth of the week for this week is just Simon Peyton Jones. There you go.
I have to look it up. Like you didn't tell me or no, you're just going to say it again.
He's, you know, the guy with the face. Yeah, the face. He's the guy. You know, he's just a guy.
Oh, this guy. I find his eyes and then you'll know.
All right. I know this guy's. Oh, in other valerator related news, well, actually network
related news. Yeah. Sorry, I keep coming up with these things like, you know, while you guys is
dribbling shit. Don't put me in that fucking statement. Go ahead.
I mean, like there's still only one item on the fucking spreadsheet and it says started at time zero.
Dribble. And it's still coming out. It's still coming out. So the DYDX public test net is
live like the app. Yeah. Not not being a validator, but the app is live. So
people can now use it. It looks pretty fucking slick, to be honest.
Test net four, which looks like it's basically the same UI, right? There's nothing different about that.
I mean, it's the same functionality. It's just the different structure for the actual transaction piece.
Yeah. So the back ends different. The front ends should look pretty much the same.
Yeah. But the, but the Oracle prices, I mean, the obviously the site moves. I was on the
side a little bit. I used it a little bit today, but the site's moving very fast. And it's clearly
moving faster than the block speed. So the block speed is about 1.9 seconds, right? And yeah, the
so there must be some sort of middle. Yes, there must be. Right. So that's that's just the transactions.
Right. I assume the transactions and those types of things have to have to happen at block speed.
But clearly it's getting Oracle data faster. Right. It's clearly it's updating like every,
I don't know, couple hundred milliseconds, right? It's like, it's extremely responsive. So how
does that work? That's a good question. And also, like, are the are the orders going straight in at
a rate of like two milliseconds or are they getting cached somewhere in like middleware or
like, yeah, like, when does it end up on chain? I guess is the question, right? Is that maybe,
maybe when it's when it's finalized, like after the funds have been processed and we have
closure on the on the when the orders complete or something or I don't know. I don't know how
that any of that works. But I thought it was interesting that because I was really curious
on what the block time was going to be because obviously, with other tools like say that are
driving that down trying to do whatever and we're driving, you know, all these Oracle data every 300
millisecond block. And then I look at this and say, how is this working at two second block
times when I'm still seeing Oracle data that's flying past? Or not just Oracle data, I just mean
like that the speed of the interface is very fast. The book, the book speed, that's a good way of
saying it. Yeah, the book is like the orders in the book are changing quite rapidly for a block
speed of two seconds. Yeah. So how does that? So that's the question like, how does that actually
work? I guess it had to, I mean, when it was, what was it before? It was on Ethereum, right?
So what it was? Or what was the idea? Or it was a L, I think the point wasn't the point was that it
was an L one, so L two on top of Ethereum. So it was ultimately having to persist them down into
Ethereum, but was presumably doing its own caching thing. So maybe the, maybe the what you're seeing,
the speed is there. Yeah, maybe the same, the same thing is happening where they've kept the same L
two hot cache, whatever it is to do all that. But they've just essentially got a quicker L one
underneath it, which is what they're planning on doing. And cheaper L one, right? Because whatever
they're, whatever, yeah, I don't want to share what the number of transactions and the gas cost
and all that stuff up. I'm guessing they're spinning up some kind of shit coin to support it, right?
Yes. Well, there is a, yeah, there's a DYDX token, is there not?
Was that already in Ethereum? Are they just going to pull over the, the DYDX token?
Damn question. Good question. I would imagine they would migrate it. Yeah.
I feel like this is again, we're, we're on Rama's law and Rama's not happy. That's,
that's how I feel when we get into these kind of conversations.
It's a buck. Do you need to do that? It's a, it's a token. It's a buck.
200, 300, 300 million dollar market cap. Yeah. So
1.8 fully diluted. 38 million dollars in volume. That's actually pretty decent.
Just for your consideration, I've gone and got a picture of Simon Payton-Jones. Very
And just want to draw your attention. Okay. Yeah, I remember who he is. Yeah.
These are the eyes of a man that has seen
now that I've seen you.
Yep. Sorry. Hey buddy. Hey buddy, really crack me up.
Oh my God. This, uh, so the wallets are funny on here as well. Rama quite rightly mentions that
there is no Kepler in there. In what? Oh, in DYDX. In the, in the DYDX. Yeah. Yeah. Yeah. Yeah.
Well, I think say, I'm not sure if that's finalized enough, but I, there was a rumor that
say was not going to support Tepler either. At least I know it is now and obviously it is in
A2 and all other types of stuff, but I thought there was a rumor that on mainnet that that was
not going to happen. So yeah, it's interesting. I don't know how that works. They've got every
other wallet ever created by looks of it. Just no cosmos wallets. It would be kind of funny if
interest in the cosmos ecosystem finally results in the demise of all the tools in the cosmos
ecosystem. It's what it brings with it. The users and the tools. All right guys, this shit's only
going to work if we bring all that crap with us. They're like, good. They're travel bags are filled
with. It's like, you don't really date somebody and then they, they like, they like literally,
you've been, you've got like one day and then there's like a new toothbrush. This is like a very
university slash college like experience, but you're like, hey, like, you know, one of your
housemates is like, hey man, do you know where that extra toothbrushes come from in the bathroom?
And they're like, well, I mean, it kind of seems like, you know, there was that girl around here
the other day and there's another tooth. Is this like it's cool if it's a thing, but like,
is that her toothbrush? And you're like, is it? Have I signed a, I've been off work,
like a chew here? Is there something? Yeah. That's kind of like the other ecosystems moving in.
Like, wait, we'll take the SDK. We'll take the SDK and the IBC and you guys keep the rest of that
stuff. We don't want that. Yeah. It's like, I just, I, you have really customers. Your housemates,
they're kind of weird. I think I ended up on Mint scan. I wonder if, is that going to happen?
Are they already in Mint scan? Yes. They're on test at Mint scan. Yeah. They are at
Mint scan. Has they either, oh yeah, they are at test at Mint scan. I guess that means they'll end
up in Mint scan. It'd be interesting if they did not. Yeah. I mean, I guess there's a point where
it's gone. I'm always certain they will. At a certain point is being on Mint scan, what defines
whether you're a cosmos chain or not? No, it doesn't. Are you sure? At a certain point,
I kind of feel like it does. Like if you look at chains that aren't on Mint scan versus what are,
like those that are on Mint scan, like I think they very clearly have a price benefit to being on
Mint scan. Yeah. Sure. But like is Penumbra going to be on Mint scan? Probably not. Yeah.
Some of these, I just don't know. I mean, a lot aren't. I'm just curious. I mean, I'm just,
just not a good question. It's a good question. Like, and, and I don't know, is it even their choice?
Right? Like I, I assume let's say petition not to be, but it's, isn't it Cosmo station and
and the community kind of defining what, what is up on there? I think they buy in or demand tokens to
be listed on Cosmo. Sure. But it, but, but it, but in or demand.
I think if you're, if you're Jimmy Small balls, they demand.
Exactly. If you're Billy Big balls, if you're lucky, that's right. Now grace you with the,
the big buckaroos. But I wouldn't like to assume that, yeah, I don't think you get anything for
free in this life, particularly when Mint scanner involved. I just noticed that say
Atlantic Tuesday on min scan test. That's interesting. I mean, notice I hadn't been on
there before. I think they're even in Cosmo station is even the validator in there. Oh,
yeah, they are my bad. Of course they are. Come on. I think, I think probably though,
it is fair to say that a min scan kind of defines whether or not you're, I don't know,
maybe a kind of respectable tier SDK chain. Because if you can rinse and repeat
the setup of an SDK rig, RPC is the lot of it, then Cosmo station will have you,
if you have the dollar reduced or you cross their part with silver. Yeah. Cosmo station,
they validate on trash chains as well.
You want to be specific there? I mean, I mean, look at the list of
chains that are on top tier chains. We got going over here.
Yeah. I mean, some of these I've never heard of, to be honest. It's getting busy on there.
I mean, they're going to trench themselves even more though with min scan v2. And they're going
to come out with like, you can access their indexer and stuff. It's going to become a very
true thing that to not be on min scan is going to be like a huge disadvantage, which I think is
just utterly fascinating. I kind of totally agree, disagree with you, Shorzi.
100% okay, not 100%. Wait, that's totally I 100% disagree.
I've backed myself into a corner here and I've gone way too hard, but I'm going to roll with it.
Wow, that was a convenient drop off.
So you know what? We'll go harder. I think that the dominance of min scan is basically
a sign that the Cosmos ecosystem is super fucking immature. And actually, there are much more widely
used tools in the ecosystem, as well as the fact that there could be multiple large profitable
projects doing the same thing, especially given that you can actually copy and paste
across a lot of SDK chains. So the two things I think that it shows are
like some immaturity and tooling and the Cosmos and it shows a bit of weird business thing where I
wonder if the real thing it shows, you know, the thing we always talk about about how the
AppChain thesis may hold in the long run if there's enough adoption, but at the moment,
all it does is fragment value and every project dies in the long run. It's just a long bleed to zero.
Like building any tooling and trying to go after individual chains in the current market
when there's only a few big dogs, you're going to just die because they've all gone with min scan.
But if the ecosystem was actually more mature and or the AppChain thesis was actually viable,
then there would be a huge amount of money. I mean, look how many people obviously do stuff
around just ETHL2s. That shows you how much value is locked in that ecosystem compared to Cosmos.
So which actually I realize now I've said that I'm not sure this is really just me
disagreeing with you at all. It's just saying that this is where we are now,
which is basically what you said. So I think I just stole your homework. Sorry, dude.
Wouldn't be the first time. So the thing is, is right, so Ping.Pub came out with its new version,
right? And I think that's really in many ways, I think it's really well done. There's a couple
of things that like if they wanted to really like take it home, they would have their own back end
as Minskent does, they'd probably index it yourself as I think Minskent does. But like the fact that
you can connect your wallet to it and do transactions on it, like that's such a huge value add that
Minskent does not provide. They might indeed to I haven't checked, but there are a lot of things
that Ping does that Minskent should be doing. But it doesn't matter. Like being in Ping.Pub is
considered like given if you're not in Ping.Pub, like what even happened? How did you how did
you not get on Ping.Pub? If you're not a Ping.Pub, someone just hasn't has it musted the effort to
like do the right thing. Yeah, but I think it's really interesting. I think it's interesting
that Ping.Pub I think provides in many ways, maybe including maybe like IBC transaction data,
like I use Minskent a lot for that. It's really helpful as a relayer. Other than that, I think
that Ping.Pub provides very strong value that they don't get payback for, which I think it's a
completely different point, but is one nonetheless. And Ping.Pub, like in terms of actual like useful
utility tools and stuff for people who are in the ecosystem as well, I think Ping.Pub is way ahead
of Cosmos Station there. And like even like really basic stuff where there were there are like a
load of different validator operations that you would otherwise do on the command line. It's a
fucking pain in the testicles to do with a ledger and then Ping just like threw them in the UI and
you're like, oh, thank fuck. Like, I mean, yeah, those things they have live like November, December,
2021, they got a lot of the core validator operation stuff with ledger just like in,
you know, click around and you'll find it somewhere in the UI. Like Ping's really, really good.
But yeah. I was kind of curious on like at that point around Minskent giving websites
legitimacy or maybe change legitimacy in some sort of sense that you'd have to be there. I was
kind of thinking that like DYDX with the amount of people that they're bringing in, like they wouldn't
even care. It wouldn't create any sort of like inbound marketing or it wouldn't create any additional
like visibility. But I was actually looking, I was curious on like website usage. So DYDX.exchange,
I think it's the exchange site, a global rank of 162,000. They, they, at least this is a,
this is off a web scraper type of thing, but they have total visits of around 260,000 a month,
260,000 visits a month. Their rank in similar websites is not great. It's pretty far down.
Global rank, they are one above taxadermy.net. So, so, so that's that. And then Minskent actually
Minskent, Minskent global rank is 89,000. So about 50 to 60,000 higher. And they have a total
visits of around 703,000 visits a month. And what are they in Minskent? Sexy.com with two E's.
I visit that one every day. Sexy.com. And they're close. They're right in there.
Next to sexy.com and liveapps.com. And yeah. So I mean, but still, I mean,
I mean, 700,000 visitors a month on Minskent is actually, that's a lot higher than I was thinking.
I was thinking this would be the opposite way actually, that it would be more.
Did I just hear another page of duty? No, that was, no, this is my phone going off. Sorry.
Okay. So when you say visitors, do you mean unique?
I don't know. This is, this is, I mean, they're, they're getting this date. I got no,
where are these places get this data? They're, they're buying, these guys are like buying some
sort of ad tracker data from somebody else or something. This is a sum of all visits on desktop
and mobile for the last month. I know these are unique. I was sending them that data null for
a, a reserper from a random number generator on this laptop. I have more than $12,000 a month.
There's a ton of these sites, right? So they, I'm sure they're, they're buying marketing data.
They're buying some company. Just don't rug my scam. Okay, man. I've just told them I've hacked
the matrix and I have the numbers. The numbers are probably not close, but they probably are
relatively, like relative ranking is probably similar, right? Like it's not going to be down to
the thousands of visits, but would you say is it, is there enough data there to say that they're,
that, you know, that mince can has three times as much traffic as DYDX? Yeah, that probably is.
It's that, that part is probably pretty accurate. But, but it's interesting. It's actually,
I was thinking about the taxes. Yeah. Yeah. But if you look at like, I mean, if you want to look
at like min scan versus like open C, you know, that's, those are different, different types of
numbers. I think it's interesting the phrase that you consider min scan to be early tooling.
I consider min scans, um, interface as well as it's, um, I mean, a lot about it to be superior to,
whatever the Ethereum one is, I can't even remember. Ether scan. Ether scan. I don't like
Ether scan. I think that's a way more clogged kind of without a single like unified voice interface,
right? And my opinion, min scan is better than Ether scan. And so that you think it's like immature
for lack of a better, not immature in like a childish sense, but like they have further
to develop. I think it's really interesting. I mean, A, a little bit, but B, I think it's actually
just, it's not so much about min scan themselves, but the fact that they have that market dominant
what in an ecosystem that is supposed to be all about horizontal scaling, that's the sign of,
of immaturity. It's more about immaturity of the concept of product market fit where the product
is the app chain thesis, which I'll admit is quite an abstract thing to call the digital product. But
I think in this case, that's kind of the, the thesis there. Is this another case where the
cosmos is uniquely positioned to commodify like things that normal quote unquote networks, you
know, can give you money off of like in the cosmos, RPCs are commodity. That's not true if you go to
Aptos or near or sweet or sort of. Oh, well, we just stumbled onto the, the PowerPoint from the
other week again. So I just, I just threw it up to point out that you're completely right. RPCs
are commodified. They literally are in the commodity sector on a, on a product value canvas.
Yeah. So yeah, I think like, I mean, tools like Cosmos,
well tools like Cosmos directory and those types of things have definitely gone a long way to,
to commoditize those tools. The other thing that's interesting there about the commoditization of
those tools though, is that in like web two, you'd almost expect to like, if you, if you are the one
commoditizing a tool, you expect to commoditize it and that to be like a revenue generating activity.
Whereas in Cosmos, it feels like a lot of those activities have been commodified by the structure
of the network. And they've just ended up in a tragedy of the commons. They've just like,
exactly. They've just literally picked them up and they've gone, and now we're going to put them
in the bin. And if, so I was trying to explain this in the context like last week, I had this
conversation with some people who were like, coming at it from more of a theoretical standpoint,
and they were like, you know, what do you think are the problems in the networks that you work in,
from your perspective? And I said, oh, you know, this and this and this and this. And a lot of it
was like that kind of stuff, like tragedy of the commons blah, blah, blah. And these people were
computer scientists, right? That was kind of their background. And they were like, these are all
economic problems. These are the economics. They're not computer science. I'm like, well,
yeah, but they're, they look like economic problems because there are problems about incentives. But
who decided the topology of the system was that RPCs were going to be free? That is a computer
science problem. That is a, well, it's an architecture problem, perhaps like a software
design problem, maybe more than it is a computer science problem. But, you know, this is, this
is programmable, a system for programmable money in some way, shape or form. And actually, yeah,
it'll rebuild the incentive system where we've commodified a bunch of stuff and just throw it
over to the tragedy of the commons and gone. Yeah. Decentralization. Yeah, it's, I think it's an,
I don't know, even a word that comes from, but I don't know if it's cosmopolistic or it's just a
DPS, distributed or the decentralized proof of stake component where you have validators fighting.
So therefore fighting for a no try for, for notability and fighting for delegations and
that's why RZ. So it ends up becoming what can I offer and then who are those groups I'm going
to offer it to and RPC becomes one of those things. And then there's so many chains I need to have
visibility for. We got to keep track of all this shit. So therefore we have a website that tracks
all this stuff. And then I got to, well, if we're going to track all this, we should track who's
offering free RPC. And then now there's one centralized place to get all free RPC. And so
like it's just a set of small, small decisions that then create this idea that RPCs are free.
Is that, are they free forever? I don't know. I don't know what, I don't know what the long term
is there. Like as people get out of chains and they have validators leave chains, those RPCs
are going to disappear as well. But like we said before, there's going to be somebody else who's
going to come in to fill that gap too. So I think that
a cash problem, isn't it with the providers, which we talked about like at length, like there was
that big conversation that, because you were looking into being a provider and a cash, right?
And so was polkachute. So we had that, a variation on the same discussion about the economics of that.
Well, so I think one of the really interesting things here also is that whenever I first joined
the Cosmos as a validator, I think it was in early 2021, maybe 2020. And back then you had,
you had Everstate, you had Figment, and you had, I want to say, course one, that all had very
large products around providing RPCs. And I know many teams used those specific RPCs because I
talked with them. And those teams, especially Figment, but Figment's another conversation,
like I've noticed those RPC provisions have actually gone away to the exclusion of maybe
Block Damon. So it's like, because of the tragic commons of all of us, it's also eaten away into
like the really large entities, of course, because that's what happens whenever all of us are providing
it, then the big guys are like, oh, well, I guess, would you get out of it? So it's interesting
that it's eating away from profit sectors of everyone, not just the people that are,
you know, for lack of a better term, like clawing at the bottom. Yeah.
So we've also got some stuff in the comments, which it's lively, it's lively, it's lively
placed here tonight out there, out there in the coin section. So Ben Davis has called out,
by phrase logic, internet search is immature. No, I'm saying they're a little bit different because
Web 2 tends towards natural monopoly, right? And the whole point of Web 3 is that you design a system
in which you enforce a separation of economic systems that are all sort of not mutually exclusive,
they're all specialized economic systems that are all federated. That's the App Chain Thesis.
But if you have all of your economic systems are federated, but all of your infrastructure is
centralized, then that may be the intention of the cosmos, right? In which case, fine,
I'll, you know, I'm a neck in, but it seems to me like, if you can't sustain any more than one copy
of the infrastructure that supports your network, then you have a single point of failure,
and your system topology was not designed. It's just an element of the puzzle that you didn't
consider, which, you know, it's very, very hard to consider a complex system and get everything
right. So like, it's not like a shit talk or shit post on the cosmos, it's just an observation that
it strikes me as immature or as a point of failure that those additional, there isn't enough incentive,
there isn't enough liquidity, whatever it might be to support multiple projects in the same way
that you expect to see different, you know, infrastructure provision, I suppose.
Resets.
Let me start moving in there really quick before you go in. One interesting thing about that is,
I think that it sets up teams for failure as well. Like, I've been checking around at
archive nodes lately, just out of my own curiosity, and a lot of networks that I can find don't have
a known archive node, because teams like aren't, aren't looking for archive nodes, right? So then
they just expect that to be a commodity. And so if there's no archive node provided, then
who has block one? How do we know any of this is even true? As validators, we ensure that the next
block is true. We're not ensuring that the previous block is true. But anyway, that anyway, we're
setting teams up for failures with all this modifications, what I'm saying.
I mean, clearly the past is for nerds and only the future.
Fuck yesterday.
What's the Henry Ford history is bunk?
Yeah. I need to get the screen grab of the scene from the death of Stalin where
Steve Buscemi says, you've been convicted of anti-Soviet behavior will be shot. That's this
moment. So Reese says every user should run their own RPC chain and wallet.
Agreed.
He forgot relayers. They should be running their own relayers.
They should build their own ledgers as well.
Well, so I was going to say the thing is, right, in episode 66, we obviously had Henry from
Pernumbra here. And the interesting thing is that Pernumbra is sort of, to my understanding,
anyway, works a little bit like that, that you are running a client as a user in order to do some
of, well, because there's a pretty complicated architecture, who would support the zero knowledge
architecture of the overall system, right? Because you're not persisting like any of your
transactions. Well, you are persisting transactions to the chain, so you're persisting proofs, I
suppose, but the entire system topology is very, very different. So I know you're being sarcastic,
but the thing is maybe we should be, right? Maybe we should be. Maybe that actually is the
future. Don't know. Anyway, there are a bunch of other good comments. Yeah, but
they're not going to show. Yeah, definitely. There's the comments that we're going to show.
If you want to hear more great comments, and you're listening back on a podcast player,
then you should check in 2100 every Wednesday on YouTube.
That's what we're not going to share about this guy. Game of Nodes, and enjoy, get involved in
the chat, get involved with some of these characters. Maybe you can even become part of the show.
This is a part of Game of Nodes, as if you hang around long enough, eventually you get to actually
be on the podcast. It wouldn't be the first time we've had absolutely nothing to talk about and
board up a community member to save our us. I tried to do it even today with Rama,
because he knew what a streamstrap was. I just work here, man. I just work here.
So it's an hour and 15 in, but it is time for the whole tweet of the week. A section that's
like a cockroach refuses to die. Well, of course, I picked the most toxic page, possibly the entire
book. Book market. I just got a little doggy around it. So the one that I think I landed on,
I want to switch off it because it's, but I'm committed to. So it's in the section girls.
And the drill tweet is hashtag to the girls 2016. I'm intelligent, ampersand, clean boy.
I have the trigger discipline of a lion. Discipline is about wrong. I've used torture,
capital T to cure myself of all mental illness. Okay. That was a little dark.
Yeah. I'm intelligent. I have the trigger discipline of a lion. I've used torture
to cure myself of all mental illness. There is a lot going on in that one. That is
an unusually dark and strange drill tweet. I'd say. Well, I think that's a grab bag of concepts
that has gone into that drill tweet. It's not that is. Some of these really are.
Firstly, I think you lost our entire audience base when you said for the ladies.
They're like, what the fuck is that? Well, I think that for the ladies 2016 is the really
interesting bit, right? Because 2016 is like such a specific year, at least in American politics.
It's a long time ago. It's a long time ago. I got to pull it up. I need to pull this tweet now.
But what are the fuck does it all mean? It's a great place.
So back on the explorers, back on Mintsgan specifically, has anyone else noticed for the
longest time, the chain selection little box that pops up used to have Cosmos Hub and Osmosis
only, right? Being like, you know, the two chains that should be emphasized.
And now I've seen that Neutron has appeared there with its own little cheerleader banner
on the side, decreeing that it's part of ICS, right? But in addition to, this is what I find
interesting. Kava has rocketed to the to the emphasized chains line, and it's got the little
tether banner there, right? Now, what's funny about this is that when you look at Noble,
it's relegated to the fucking the normie list, right? Are they listed in there? Oh, they are.
But so you didn't even notice that. I didn't even notice that.
Their little cheer banner is like gray. Yeah, it's called grayed out. Like, do you think there's
been some cash exchange to make this Kava thing more prominent? I mean, they announced later.
I don't think they're live with UST yet. I don't know. I'm just saying.
Cosmos Station, I mean, yeah, I don't know. That's really where I even noticed they were in
that list, actually. Yeah. And you're right. This little banner is like all completely grayed out,
like this little tiny thing. Yeah, they've like, I think that he, look, don't quote me. I think it
used to be not grayed out. Oh, yeah. I wonder why they picked tether, not USDT, also as a banner,
right? Like, that's why I wouldn't say circle. Like, that's a weird district, like a weird
station. So I appreciate that question, but I feel like you're getting too much into the weeds.
I'm on a product question. Like, if I were the product guy, I surely would be like, okay,
you said USDC, obviously you're going to say USDT. I just don't think they put that much thought
into it. Like that, I think that's what it boils down to. It could be. I always like to look,
I always like to see if there's like a little, like a little jab in there for some reason. I don't
know why. I appreciate it. I'm all about it. I think it's more likely that there's been an exchange
of some type of, you know, medium for a more prominent and branded little cheer banner.
They should do more cheer betters like rug. Fucked.
Ponzi. You get like a little wrecked badge. Little NGMI badge.
Wouldn't that be like most of them is not the problem. You gotta have a little bit of cheer
banner though. Yeah. Well, they need some more headings. Like they've got Cerberus under its
own little archived heading. They need some more headings there with like really opinionated
headings. How long do you think Cerberus hangs out in there? What's the, what's the,
uh, how long is the body in display? What's the archived duration before it just fucking?
How long is the casket open? Is really what we're asking here.
I still think that there should be a like six month or even three month like dead man switch.
There's no get commits. Boom. Proc goes up. Kick it out.
All right. But here's the thing, right? Somebody somewhere has an archive of Cerberus, right?
Up the last blog. Yeah. It's not bad. We're talking to you.
It's not fucking dead. So here's my prediction. Right. Here's a prediction straight from Game
of Notes. From our opinions to your ears. Next bull run, Kerb's coming back.
You think somebody's going to relaunch? They're going to grab that, that day,
that snapshot from Polkachu, which I'm sure exists.
Sitting in the chains going back. S3 bucket and glacier.
Well, I mean, you only need like a Regenesis, right? I'm sure that someone's going to stay.
Yeah, sure. Yeah. Just regen it. Yep.
There's some fucking DJ out there sitting on the trigger ready to go to. They're probably like
rekeyed all of the validators too, so they can run it completely by themselves.
I thought Polkachu got like a last transaction on here. I was trying to find it because you can
actually still look up those blocks. I remember him having like a last send or something else like
that. I forget. I'm on the Tenement Snaptrots section of Polkachu site. It just reminds me,
Jesus Christ, there are a lot of cross chains. So many chains.
Genuinely a little bit overwhelming as a Cosmos validator. So look at this and go.
We added it up and we are on 71 networks right now, including test nets.
In the Cosmos. In the Cosmos.
I mean, you got to stop. You really need a moment of reflection.
So we were reflecting then?
No, no, no. I'm not saying. I'm saying if you're running 71 chains in your stream of production.
Yeah, you have to look back and say like, all right, what are we doing?
You're actually caught like 12.
Yeah, you really need to stop and think. Is this going anywhere?
I did find I did find Polkachu's last, I put it on wrong,
Polkachu's last transaction, which was pretty funny.
Is six chain not archived? Didn't it die? No, it came back.
It's not going, is it? Yeah.
Huh. Meme. Is it dead yet?
Nope. Still making blocks.
Well, do they have transactions?
You got to find dead. Yeah. Good point.
Meme is that they were never on min scan though. So I can't tell. They have another one.
That's what I'm saying. If you're not on min scan, like, how do you even know?
Like Galaxy. Galaxy is another one. They went into the discord and they're like,
hey, we're not doing any development anymore.
Is that what they said? Basically, yeah, they're like, we're like,
we would like help because we're done and everyone's left. And is it still running?
I don't know. Let's see if I can pull it up. Let's see.
It might still be going, but it shouldn't be.
The interesting thing about Juno is that everyone rags on Juno, right?
About being dead, fucking, you know, lost all its value, all that shit.
Funny thing is that like, I think it still probably has one of,
like one of the highest transaction, transacted chains.
It's all those original airdrop recipients.
It's just dump cell.
That's why like, if you take those people out of the picture, the number of transactions
that go down and the value go up. But this is the thing. This is the problem if you
launch something on, on, when to found any chain that's done an airdrop as a team.
The tokenomics, if there have been a large airdrop in the early days, are going to be heavily
weighted towards those people who a lot of them are not even going to interact with your protocol.
If you launch a smart contract protocol, they're just going to continue jumping coins and
shitting on the protocol. They're just farming and it's going to affect any,
any second order protocol that you write as a smart contract engineer. It's kind of like,
back to the piece of the puzzle, which is that you really do need like, if you're like a smart
contract developer, you need to really, really be happy with the economics of the underlying
chain that you deploy on. And I think like, this is one thing to be fair, is actually addressed
to some extent in Juno Evo. And it is also one of the things that I know folks are working on. But
the underlying tokenomics of the chain like a just mad important for actually attracting
developers. And I think people are beginning to understand that. But we've talked about that
on the show before. Cool, man. Cool, man. Well, sometimes when it gets to like one hour to 60
minutes, I just kind of idly hover about daydream over, overrugging early. Like that time you
joined and you just rocked you like, and then left. That was really funny. That was to be fair,
a complete fucking accident. Well, yeah, and it ended on you being like our deuces.
If I can't be here, no one can be here. Fuck you all. Yeah. Nice to have race here. Definitely.
So the great, yeah. I mean, there's I think, you know, it's all about the key bono, though,
isn't it? Like, I think Archway and others, not there's actually any conspiracy here. I just
think that there's a lot of people who bono if Juno is perceived as dead, right? Yeah. And
the reality is like, like anything else, it's just every alt is fucked at the moment. And
I'll go counter to the chat right now. The chat they're making jokes about Juno being dead.
But and we've had this conversation multiple times before, I still think there's a place for Juno.
I think that if Juno could reclaim its, its community stands, it has a place. We've said
before that like, it's so easy to start a network now that why not just start your own network
rather than building on Juno. And one, I can make an argument for building on terror instead of Juno,
but I'm not going to make that argument right now. But I think there's a lot of really interesting
things happening, not necessarily on terror, but like within the terror community that is
worth discussing at some point. But running a chain isn't the same thing. It doesn't, it affects your,
your, your perspective and your priorities differently than trying to build to create
something for a chain that you can then bounce off from. Like with how maybe that should have been
its own chain, right? But there's a reason why you chose to do it on Juno rather than creating
the how chain. And part of that, I'm sure is creating a chain is a completely different ball
game. If you had to have, have created the how chain, there's so much more overhead to it. You
have to create, you have to coordinate those values. You need to do those full upgrades. You
need to do upgrade handlers. And why, why bother with that? There's so much simplicity in just
joining a, a unpermissioned chain. But anyway, that's a bit serious to be jumping into in the
last minute of the show. It's usually, it's usually when the best comments come actually. I
mean, isn't the best comments usually come immediately after the show?
Second, the second the shit finishes rolling, especially when we have a guest, they're just
like, Hey guys, that, that was a load of fun. So anyway, here's what I was thinking about 15
minutes ago. And you're like, why didn't you just say it? And then they're like, well,
then it's really our shit questions. So at the end of the day, it's our fault. Like it was,
obviously our fault as the, as the hosts that we have a better after show quite often. So
that's now a really, really weird tone to end on. And now I know that now there's literally
hovering over the button, just waiting to send me to the dark dimensions. So