1
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I had no idea.

2
00:00:01,640 --> 00:00:03,200
And they had the they had the board.

3
00:00:03,200 --> 00:00:05,600
They're doing like the dick to floor number and all that stuff.

4
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You know, it's like DTF.

5
00:00:07,600 --> 00:00:08,800
Yeah.

6
00:00:08,800 --> 00:00:09,600
I thought about it.

7
00:00:09,600 --> 00:00:11,400
I think it would be one king.

8
00:00:11,400 --> 00:00:12,600
I think it would be one king.

9
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That's sort of everybody by height.

10
00:00:15,400 --> 00:00:17,120
Well, technically, you got to sort everybody from

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sort everybody from dick to floor by height.

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00:00:22,840 --> 00:00:26,320
Welcome to Game of Nodes, a weekly podcast

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00:00:26,320 --> 00:00:30,320
from Independent Validator Teens.

14
00:00:32,200 --> 00:00:35,040
Hello, welcome to Game of Nodes, a weekly podcast

15
00:00:35,040 --> 00:00:37,000
from Independent Validator Teens.

16
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And that was well done.

17
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Two in a row.

18
00:00:40,440 --> 00:00:40,800
Good job.

19
00:00:40,800 --> 00:00:42,800
Well done. Good intro.

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Peace in our time, says Noel.

21
00:00:46,560 --> 00:00:50,880
So, given that you've obviously prepared very,

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very carefully for rugging us into the intro,

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would you like to take it away with Noel's News Corner for this week?

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00:00:57,760 --> 00:01:01,480
Oh, I'll have you know that I spent five minutes on Twitter this week.

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Oh, congrats. Nice.

26
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Wait, is that the news?

27
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Or you mean you were on five minutes for Twitter to find the news?

28
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That is the news.

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Oh, shit.

30
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No, no.

31
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So actually, look, I did write down some things,

32
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but I did literally spend five minutes on Twitter.

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So I don't know if it's the most important things that happened this week.

34
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But I had a feeling that, you know, this news corner wasn't going away just yet,

35
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even though we haven't got any researchers on the job yet.

36
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So I'll take it away.

37
00:01:34,920 --> 00:01:38,520
So I mean, one thing I did notice, to be fair,

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your research amount has increased by over 10,000 percent.

39
00:01:41,920 --> 00:01:42,520
Yes.

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Five minutes.

41
00:01:43,200 --> 00:01:44,920
Like if you stay away from the actuals,

42
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you just focus on the percentages.

43
00:01:46,720 --> 00:01:48,720
Huge jump in research this week, dude.

44
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Congrats.

45
00:01:49,160 --> 00:01:51,720
It's technically it's an infinity.

46
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In research point.

47
00:01:54,720 --> 00:01:58,600
One thing that's really funny about this is I talked to Erdeman about it

48
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and he was like, I don't know how I can help you guys

49
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because you hit all the right topics.

50
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None of you just know what you're talking about.

51
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None of you know what you're talking about.

52
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I was like, oh, no.

53
00:02:07,120 --> 00:02:08,120
Exactly.

54
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That hurts.

55
00:02:09,120 --> 00:02:14,120
So I mean, I mean, that that is literally something that he could help with.

56
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It's just that we would be stealing his homework.

57
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That's the right because then we'd be looking knowledgeable.

58
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We might not always disclose our sources.

59
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So, no, I think we had the other issue, right?

60
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We'd read it off and then it'd be like us.

61
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It'd be like me stealing a professor's notes and trying to read it

62
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and somebody'd ask you a question.

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Be like, oh, that's a great question.

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Do you want me to come back and read that part again to you?

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This week on Quasar.

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So I do feel like it is kind of my responsibility to do like at least five minutes of research

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because like when we look at the inputs into this podcast, we've got the Frey who presses the button each week to create the new podcast.

68
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You, Serpa, he does a lot.

69
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He downloads and then re-uploads the podcast and then Shiltsy shows up and then.

70
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Wow.

71
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I make highly contextual short video memes at a rate of about one every eight episodes as well.

72
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Let's just be clear.

73
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I do feel like you might sit there for at least 30 minutes pondering what the name of the potty might be for this week and try to come up with some smart pun.

74
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Let's pretend that it takes me five seconds because that would be less embarrassing than the truth.

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00:03:37,920 --> 00:03:42,920
Anyway, I've gone back to 1994 and found paper.

76
00:03:42,920 --> 00:03:45,920
I thought you're going to say that you draw the deck or the piece of paper.

77
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I found paper.

78
00:03:46,920 --> 00:03:48,920
And that was the use of a site.

79
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We found this raggedy ass notepad in the corner for posting the drill of the week.

80
00:03:54,920 --> 00:03:55,920
Yeah.

81
00:03:55,920 --> 00:04:00,920
And a pen and Twitter.

82
00:04:00,920 --> 00:04:09,920
Anyway, it's got in here a heading that says game of nodes notes on my paper and not on the spreadsheet where it should be.

83
00:04:09,920 --> 00:04:11,920
But anyway, the news.

84
00:04:11,920 --> 00:04:16,920
So all in bits drops the lawsuit against Grace.

85
00:04:16,920 --> 00:04:18,920
I noticed any comments on that.

86
00:04:18,920 --> 00:04:22,920
Anybody about fucking time.

87
00:04:22,920 --> 00:04:31,920
They went so far as to make it hub about it and then actually this was at the days ago that I read this, but I'm going to try to remember some shit.

88
00:04:31,920 --> 00:04:32,920
So get ready.

89
00:04:32,920 --> 00:04:43,920
They they had the GitHub article about it where they went on to say that yes, yes, they've dropped the lawsuit.

90
00:04:43,920 --> 00:04:58,920
We're going to go public about it on GitHub and then said that they're creating a public project to be able to arbitrate issues like this in a decentralized manner.

91
00:04:58,920 --> 00:05:01,920
So we're getting some more software, maybe.

92
00:05:01,920 --> 00:05:13,920
And software would have prevented this problem, which was essentially bullying by a rich person or a powerful person to a less powerful person software would have 100% stop that.

93
00:05:13,920 --> 00:05:16,920
So it is an open source as well.

94
00:05:16,920 --> 00:05:17,920
So do not contribute.

95
00:05:17,920 --> 00:05:19,920
You might be in trouble later.

96
00:05:19,920 --> 00:05:20,920
Okay.

97
00:05:20,920 --> 00:05:21,920
Amazing.

98
00:05:21,920 --> 00:05:26,920
So so if as long as you contribute, you can be part of the penopticon.

99
00:05:26,920 --> 00:05:32,920
I mean, the solution, sorry, rather than one of the people being oppressed by that, right?

100
00:05:32,920 --> 00:05:33,920
Cool.

101
00:05:33,920 --> 00:05:34,920
Good thing I know Rust.

102
00:05:34,920 --> 00:05:38,920
Except it probably being in it'll be in a no lang, won't it?

103
00:05:38,920 --> 00:05:47,920
So I feel like you said something really smart when you said that pinopticon thing like that might have been some sort of really smart panel.

104
00:05:47,920 --> 00:05:49,920
I don't know what that means.

105
00:05:49,920 --> 00:05:50,920
So we'll put in the show notes.

106
00:05:50,920 --> 00:05:51,920
Yeah.

107
00:05:51,920 --> 00:05:54,920
Maybe a link to like a dictionary.

108
00:05:54,920 --> 00:05:56,920
Okay.

109
00:05:56,920 --> 00:06:06,920
So the other thing that I happened to cross was a lunar whale accounts just going mad on on Luna.

110
00:06:06,920 --> 00:06:14,920
There's a bunch of what people are speculating to be civil validated showing up probably not the first time this has happened.

111
00:06:14,920 --> 00:06:22,920
But one of the the Twitter sleuths traced it back to Binance accounts.

112
00:06:22,920 --> 00:06:36,920
So I think there was like three validators that started overnight and rocketed to the top 10 with the help of like two or three wallets and potentially Binance wallets.

113
00:06:36,920 --> 00:06:39,920
So Binance pulling a big civil.

114
00:06:39,920 --> 00:06:43,920
I mean Binance owned managed accounts to think Binance wallets.

115
00:06:43,920 --> 00:06:44,920
Okay.

116
00:06:44,920 --> 00:06:50,920
Not just like accounts that Binance that could be fake news because I didn't check that at all.

117
00:06:50,920 --> 00:06:52,920
I didn't fact check that one bit.

118
00:06:52,920 --> 00:06:54,920
But someone said it on Twitter.

119
00:06:54,920 --> 00:06:56,920
So it's probably on Twitter.

120
00:06:56,920 --> 00:06:58,920
But wasn't on threads.

121
00:06:58,920 --> 00:07:01,920
If it wasn't on threads, I don't care that much.

122
00:07:01,920 --> 00:07:05,920
That statement is the cornerstone of Nulls news in the corner.

123
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Probably true.

124
00:07:07,920 --> 00:07:08,920
Can we just be clear?

125
00:07:08,920 --> 00:07:10,920
It's actually a silent and very common.

126
00:07:10,920 --> 00:07:11,920
No.

127
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Literary device.

128
00:07:12,920 --> 00:07:13,920
Yeah.

129
00:07:13,920 --> 00:07:14,920
Yeah.

130
00:07:14,920 --> 00:07:15,920
In corner.

131
00:07:15,920 --> 00:07:16,920
Nulls news in corner.

132
00:07:16,920 --> 00:07:17,920
Yeah.

133
00:07:17,920 --> 00:07:18,920
Okay.

134
00:07:18,920 --> 00:07:21,920
I saw that before and I didn't even question it.

135
00:07:21,920 --> 00:07:23,920
I'm like, that seems perfectly normal.

136
00:07:23,920 --> 00:07:24,920
The corner.

137
00:07:24,920 --> 00:07:28,920
This is how much do this podcast has warped your sets of reality.

138
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Everything's fine.

139
00:07:30,920 --> 00:07:32,920
That's a thing.

140
00:07:32,920 --> 00:07:33,920
That's obviously a thing.

141
00:07:33,920 --> 00:07:35,920
I'm just going to trust the process.

142
00:07:35,920 --> 00:07:40,920
So I misspell things so prolifically that that seems completely normal to me.

143
00:07:40,920 --> 00:07:42,920
Spell prolifically.

144
00:07:42,920 --> 00:07:43,920
No.

145
00:07:43,920 --> 00:07:48,920
So, and we, we heard about some validators getting pushed out of the Luna set.

146
00:07:48,920 --> 00:07:51,920
So there, is it just three that started or was it more than that?

147
00:07:51,920 --> 00:07:53,920
Cause I thought there was a bunch that got kicked out or something.

148
00:07:53,920 --> 00:07:55,920
Well, it's more than just that though.

149
00:07:55,920 --> 00:08:00,920
I think it was the three big ones that just sort of blew up.

150
00:08:00,920 --> 00:08:02,920
They might have made more.

151
00:08:02,920 --> 00:08:04,920
So, so it wasn't just that people fell out of the active set.

152
00:08:04,920 --> 00:08:08,920
The interesting bit was, was that there were delegations that were moved around.

153
00:08:08,920 --> 00:08:12,920
So, oh, yeah, whisper node was in the active set and they were above,

154
00:08:12,920 --> 00:08:15,920
us and we're like still pretty solidly in the set,

155
00:08:15,920 --> 00:08:18,920
but our delegations didn't get moved around.

156
00:08:18,920 --> 00:08:20,920
Whereas theirs did.

157
00:08:20,920 --> 00:08:24,920
So it wasn't that like doubt that the floor has risen.

158
00:08:24,920 --> 00:08:28,920
It's that things are in a very larger way getting moved.

159
00:08:28,920 --> 00:08:35,920
Was that like a couple of like whale wallets got moved off whisper or into someone else?

160
00:08:35,920 --> 00:08:38,920
Or was it like a bunch of people moved off?

161
00:08:38,920 --> 00:08:39,920
Whale wallets.

162
00:08:39,920 --> 00:08:40,920
Yeah.

163
00:08:40,920 --> 00:08:42,920
But it happened for others as well.

164
00:08:42,920 --> 00:08:44,920
It wasn't just whisper, but yeah.

165
00:08:44,920 --> 00:08:46,920
All those moved to these new validators.

166
00:08:46,920 --> 00:08:48,920
Not to the new validators.

167
00:08:48,920 --> 00:08:49,920
No.

168
00:08:49,920 --> 00:08:50,920
Oh, really?

169
00:08:50,920 --> 00:08:51,920
Just around.

170
00:08:51,920 --> 00:08:52,920
Correct.

171
00:08:52,920 --> 00:08:53,920
Yeah.

172
00:08:53,920 --> 00:08:54,920
Interesting.

173
00:08:54,920 --> 00:08:55,920
That is interesting.

174
00:08:55,920 --> 00:09:01,920
So I'm not on Luna, but is it like, is that token predominantly owned by whales?

175
00:09:01,920 --> 00:09:05,920
Is there just like 20 whale, Luna whales and then like,

176
00:09:05,920 --> 00:09:08,920
This is Luna classic we're talking about, right?

177
00:09:08,920 --> 00:09:09,920
No, Luna 2.

178
00:09:09,920 --> 00:09:10,920
New Coke.

179
00:09:10,920 --> 00:09:11,920
New Coke.

180
00:09:11,920 --> 00:09:12,920
New Coke.

181
00:09:12,920 --> 00:09:13,920
Which I'm about New Coke.

182
00:09:13,920 --> 00:09:14,920
Yes.

183
00:09:14,920 --> 00:09:15,920
New Coke.

184
00:09:15,920 --> 00:09:16,920
Okay.

185
00:09:16,920 --> 00:09:17,920
Right.

186
00:09:17,920 --> 00:09:18,920
Must be a joke.

187
00:09:18,920 --> 00:09:21,920
What is the whole thing was like a resus for the institutions.

188
00:09:21,920 --> 00:09:22,920
What do you mean?

189
00:09:22,920 --> 00:09:23,920
What's a new Coke?

190
00:09:23,920 --> 00:09:24,920
How old are you?

191
00:09:24,920 --> 00:09:26,920
So that make it down there in the 80s, 90s.

192
00:09:26,920 --> 00:09:27,920
Was it 90s?

193
00:09:27,920 --> 00:09:28,920
I don't even know.

194
00:09:28,920 --> 00:09:31,920
But they had they branded Coke as new Coke.

195
00:09:31,920 --> 00:09:34,920
No, they came up with a new formula because I don't know, whatever.

196
00:09:34,920 --> 00:09:38,920
And they branded as new Coke and then they were going to switch to it.

197
00:09:38,920 --> 00:09:39,920
And they ran it as new Coke.

198
00:09:39,920 --> 00:09:40,920
I think it was a story.

199
00:09:40,920 --> 00:09:43,920
They ran it as new Coke and everybody fucking revolted against it.

200
00:09:43,920 --> 00:09:44,920
So they left it Coke, a classic.

201
00:09:44,920 --> 00:09:46,920
They used to have cans called Coke classic.

202
00:09:46,920 --> 00:09:47,920
Do they still do that?

203
00:09:47,920 --> 00:09:48,920
I don't think they do.

204
00:09:48,920 --> 00:09:49,920
I don't think they do either.

205
00:09:49,920 --> 00:09:51,920
But he used to be used to be Coke and Coke classic.

206
00:09:51,920 --> 00:09:53,920
I think it was what they did, but it was always called new Coke.

207
00:09:53,920 --> 00:09:55,920
And I think they eventually dumped it.

208
00:09:55,920 --> 00:09:56,920
There's got to be a story.

209
00:09:56,920 --> 00:09:58,920
There's got to be somebody had to do a documentary on this.

210
00:09:58,920 --> 00:09:59,920
I've done this now.

211
00:09:59,920 --> 00:10:01,920
I only know two formulas, right?

212
00:10:01,920 --> 00:10:06,920
The formula that you get at the shop and the formula that you get at Mac is.

213
00:10:06,920 --> 00:10:08,920
You mean out of the five?

214
00:10:08,920 --> 00:10:09,920
What did you just say?

215
00:10:09,920 --> 00:10:10,920
I don't know.

216
00:10:10,920 --> 00:10:11,920
Who knows?

217
00:10:11,920 --> 00:10:13,920
One of them is a syrup.

218
00:10:13,920 --> 00:10:16,920
What you're getting at is one of them is a syrup and one is already pre-bottled, right?

219
00:10:16,920 --> 00:10:17,920
Yeah.

220
00:10:17,920 --> 00:10:18,920
Yeah.

221
00:10:18,920 --> 00:10:22,920
You get the fucking, you get the brain brew and the home brew.

222
00:10:22,920 --> 00:10:27,920
That means you don't get to appreciate the Mexican Coke then because that's all the rage right now.

223
00:10:27,920 --> 00:10:29,920
It has real sugar.

224
00:10:29,920 --> 00:10:30,920
So you get the Mexican Coke for that one.

225
00:10:30,920 --> 00:10:33,920
Just to be clear, like in a lot of the rest of the world where they have food standards

226
00:10:33,920 --> 00:10:35,920
goes, Mexican Coke is Coke.

227
00:10:35,920 --> 00:10:36,920
It is Coke.

228
00:10:36,920 --> 00:10:37,920
Yeah.

229
00:10:37,920 --> 00:10:38,920
Yeah.

230
00:10:38,920 --> 00:10:41,920
So the Coke you get here is just Mexican Coke.

231
00:10:41,920 --> 00:10:42,920
Right.

232
00:10:42,920 --> 00:10:43,920
We just have sugar.

233
00:10:43,920 --> 00:10:45,920
So like what's interesting, okay, not maybe not interesting, but whatever.

234
00:10:45,920 --> 00:10:50,920
In the UK, they decided that because kids were fat, they were like, we're going to ban a load of stuff

235
00:10:50,920 --> 00:10:55,920
and we're going to increase the price of sugar in a bunch of stuff, especially fizzy drinks, right?

236
00:10:55,920 --> 00:10:56,920
Sugar tax.

237
00:10:56,920 --> 00:10:57,920
Yeah, sugar tax.

238
00:10:57,920 --> 00:10:58,920
Right.

239
00:10:58,920 --> 00:11:01,920
So overwhelmingly, the reason that you have childhood obesity is obviously early years

240
00:11:01,920 --> 00:11:02,920
nutrition.

241
00:11:02,920 --> 00:11:05,920
The underlying cause is actually poverty.

242
00:11:05,920 --> 00:11:10,920
The underlying reason is 30 years of like massively increasing wealth and income inequality,

243
00:11:10,920 --> 00:11:12,920
static incomes.

244
00:11:12,920 --> 00:11:17,920
But that actually requires a government to tackle it and some ideas.

245
00:11:17,920 --> 00:11:19,920
So instead they ban sugar.

246
00:11:19,920 --> 00:11:23,920
And so like literally every single soft drink was like, right, fuck it.

247
00:11:23,920 --> 00:11:24,920
We don't want to touch this.

248
00:11:24,920 --> 00:11:25,920
We don't want to spend any more money.

249
00:11:25,920 --> 00:11:30,920
So we're going to basically shadow move to like you guys have Coke zero, right?

250
00:11:30,920 --> 00:11:31,920
Yeah, that's still Coke zero.

251
00:11:31,920 --> 00:11:32,920
It's really new Coke, right?

252
00:11:32,920 --> 00:11:34,920
Cause people are like, oh, I don't like Coke zero.

253
00:11:34,920 --> 00:11:36,920
It doesn't fucking taste like Coke.

254
00:11:36,920 --> 00:11:37,920
What's the point of even drinking it?

255
00:11:37,920 --> 00:11:40,920
No, but new Coke wasn't sugar free or anything like that.

256
00:11:40,920 --> 00:11:44,920
Well, no, no, I know, but like people, people, like the thing is like there are, there are new

257
00:11:44,920 --> 00:11:45,920
Oh, versions.

258
00:11:45,920 --> 00:11:46,920
Yeah.

259
00:11:46,920 --> 00:11:47,920
Super popular.

260
00:11:47,920 --> 00:11:48,920
Like Coke zero.

261
00:11:48,920 --> 00:11:52,920
So what's now happened is that in the UK Coke zero is in a red can.

262
00:11:52,920 --> 00:11:56,920
So it used to be a black can and then it was a black can with black writing.

263
00:11:56,920 --> 00:12:00,920
And now it's red can with white.

264
00:12:00,920 --> 00:12:03,920
It has white writing, but it says zero in black.

265
00:12:03,920 --> 00:12:05,920
So it's quite hard to see the zero.

266
00:12:05,920 --> 00:12:06,920
Okay.

267
00:12:06,920 --> 00:12:11,920
And classic Coke, because they is the only, so every single company, literally every single

268
00:12:11,920 --> 00:12:18,120
thing I've found to Sprite, you name it, only Coke and Pepsi said, oh, we'll eat the cost

269
00:12:18,120 --> 00:12:21,920
of keeping the sugar in and just can size.

270
00:12:21,920 --> 00:12:28,160
So now the only way you can tell apart really, glards Coke zero and classic Coke is that

271
00:12:28,160 --> 00:12:31,160
the can is smaller for classic Coke.

272
00:12:31,160 --> 00:12:33,160
10 ounces or something instead of whatever.

273
00:12:33,160 --> 00:12:34,160
Yeah.

274
00:12:34,160 --> 00:12:35,720
It's, it's have 330 mil.

275
00:12:35,720 --> 00:12:38,840
It's 260 mil for the same price.

276
00:12:38,840 --> 00:12:44,480
But weirdly, some places have the same old 330 mil cans, but they just charge you slightly

277
00:12:44,480 --> 00:12:45,480
more.

278
00:12:45,480 --> 00:12:49,160
So it means that you can't even bank on like identifying the shape of the can.

279
00:12:49,160 --> 00:12:53,640
So some, so quite often you're literally going to a store, pick up a can of Coke, walk towards

280
00:12:53,640 --> 00:12:59,040
the counter with it and then be like, this is bullshit Coke zero, you heave it into the

281
00:12:59,040 --> 00:13:02,160
sun and then you go back and get something with actual sugar.

282
00:13:02,160 --> 00:13:04,440
And you just peel off more dollars for it.

283
00:13:04,440 --> 00:13:05,440
Yeah.

284
00:13:05,440 --> 00:13:09,280
You just like, look, I like to know the cast and the gens that I'm ingesting.

285
00:13:09,280 --> 00:13:10,280
Right.

286
00:13:10,280 --> 00:13:15,000
I thought you were going to say they do like, like what Canada does with cigarette packs

287
00:13:15,000 --> 00:13:19,960
where they put like horrible pictures of mutilated babies and whatever else they put like this

288
00:13:19,960 --> 00:13:22,000
thing kills or whatever else.

289
00:13:22,000 --> 00:13:27,040
Well, I thought maybe for new Coke, they put just big, big American kids on the side of

290
00:13:27,040 --> 00:13:28,040
it.

291
00:13:28,040 --> 00:13:34,720
No, we have pictures of overweight American kids is plastered on the side of the high

292
00:13:34,720 --> 00:13:38,040
sugar Coke in the UK.

293
00:13:38,040 --> 00:13:44,440
So we have, uh, yeah, we have Coke zero and Coke no sugar.

294
00:13:44,440 --> 00:13:47,080
What the fuck is Coke no sugar?

295
00:13:47,080 --> 00:13:50,360
Diet Coke or is Diet Coke a third thing?

296
00:13:50,360 --> 00:13:52,400
So there's like, they call it Coke.

297
00:13:52,400 --> 00:13:53,400
Yeah.

298
00:13:53,400 --> 00:13:54,400
There's diet.

299
00:13:54,400 --> 00:13:59,920
There's diet, which says no sugar and then zero, which is zero sugar, but they both got

300
00:13:59,920 --> 00:14:01,240
no sugar in them.

301
00:14:01,240 --> 00:14:04,840
But which one is Doquan's current project?

302
00:14:04,840 --> 00:14:05,840
Both.

303
00:14:05,840 --> 00:14:09,160
One might be a caffeine free shirt.

304
00:14:09,160 --> 00:14:13,240
He is the franchisee in Australia.

305
00:14:13,240 --> 00:14:16,200
That's what he did with all those loon of dollars.

306
00:14:16,200 --> 00:14:17,200
Yeah.

307
00:14:17,200 --> 00:14:22,160
So Ben Davis says that, um, you know, glass bottle Coke is the best Coke, which I tend

308
00:14:22,160 --> 00:14:23,160
to agree with.

309
00:14:23,160 --> 00:14:26,520
I don't know how the flavor changes, but you also end up with a weapon at the end.

310
00:14:26,520 --> 00:14:28,880
So you defend yourself for the bush.

311
00:14:28,880 --> 00:14:30,440
I can give you a fact on this.

312
00:14:30,440 --> 00:14:37,360
There is the way that you taste things, uh, differs depending on the pattern of bubbles

313
00:14:37,360 --> 00:14:42,360
in the liquid, because we, we actually taste like our senses.

314
00:14:42,360 --> 00:14:46,480
For whatever reason, we can taste the pattern of bars or bubbles and what's in them.

315
00:14:46,480 --> 00:14:48,720
And so they've done scientific studies.

316
00:14:48,720 --> 00:14:53,120
If you put like, say champagne in a different shape glass, it literally tastes different.

317
00:14:53,120 --> 00:14:58,640
So there is some evidence, I guess that that would hold true for any carbonated drink,

318
00:14:58,640 --> 00:14:59,640
right?

319
00:14:59,640 --> 00:15:01,880
I think wine is more about the oxygenation.

320
00:15:01,880 --> 00:15:05,840
So it's about, you're saying about the oxygenation as it comes up rather than the shape of the

321
00:15:05,840 --> 00:15:06,840
vessel.

322
00:15:06,840 --> 00:15:07,840
Yeah.

323
00:15:07,840 --> 00:15:08,840
Like that's why they have decanters.

324
00:15:08,840 --> 00:15:11,920
So that's, that's, that's like non carbonated.

325
00:15:11,920 --> 00:15:13,920
So we're talking about only carbonated.

326
00:15:13,920 --> 00:15:16,080
So like, no, but present would have it.

327
00:15:16,080 --> 00:15:19,600
So what I'm saying is that the shape of the container matters for carbonated things.

328
00:15:19,600 --> 00:15:24,480
So like Prosecco champagne, not wine, Prosecco champagne, but that would also hold true for

329
00:15:24,480 --> 00:15:26,040
carbonated soft drinks, right?

330
00:15:26,040 --> 00:15:30,200
I think, oh, like what the fuck is Prosecco champagne like that?

331
00:15:30,200 --> 00:15:31,200
Prosecco and champagne.

332
00:15:31,200 --> 00:15:34,200
They're two different types of sparkling.

333
00:15:34,200 --> 00:15:35,200
You know, bubblies.

334
00:15:35,200 --> 00:15:36,200
Bubbly.

335
00:15:36,200 --> 00:15:37,200
Bubbly.

336
00:15:37,200 --> 00:15:38,200
Bubbly.

337
00:15:38,200 --> 00:15:39,200
Bubbly.

338
00:15:39,200 --> 00:15:40,200
They're lovely bubbly.

339
00:15:40,200 --> 00:15:43,400
And now here's, here's a, here's one for you.

340
00:15:43,400 --> 00:15:46,680
So Coke better out of a bottle, right?

341
00:15:46,680 --> 00:15:49,080
Like a glass bottle in my opinion.

342
00:15:49,080 --> 00:15:51,200
Can I get a show of hands?

343
00:15:51,200 --> 00:15:52,200
Yeah.

344
00:15:52,200 --> 00:15:54,280
So I think that is Mexican Coke over here.

345
00:15:54,280 --> 00:15:57,680
That's what they consider Mexican Coke is like it's in the bottle of sugar.

346
00:15:57,680 --> 00:16:03,760
The fucking Mexican Coke over here is like goes up your nose, not your mouth.

347
00:16:03,760 --> 00:16:05,000
So.

348
00:16:05,000 --> 00:16:12,880
So the, but on the conversely beer better in a tin.

349
00:16:12,880 --> 00:16:15,880
I hate drinking beer out of a can.

350
00:16:15,880 --> 00:16:16,880
Really?

351
00:16:16,880 --> 00:16:18,800
I think the aluminum taste does side them though.

352
00:16:18,800 --> 00:16:19,800
I poured it out.

353
00:16:19,800 --> 00:16:20,800
I poured it into a glass.

354
00:16:20,800 --> 00:16:21,800
I fucking hate this.

355
00:16:21,800 --> 00:16:22,800
I do.

356
00:16:22,800 --> 00:16:23,800
I do.

357
00:16:23,800 --> 00:16:24,800
I do.

358
00:16:24,800 --> 00:16:25,800
I do.

359
00:16:25,800 --> 00:16:26,800
I do.

360
00:16:26,800 --> 00:16:27,800
I do.

361
00:16:27,800 --> 00:16:28,800
I do.

362
00:16:28,800 --> 00:16:29,800
I do.

363
00:16:29,800 --> 00:16:30,800
I do.

364
00:16:30,800 --> 00:16:31,800
I do.

365
00:16:31,800 --> 00:16:32,800
I do.

366
00:16:32,800 --> 00:16:33,800
I do.

367
00:16:33,800 --> 00:16:34,800
I do.

368
00:16:34,800 --> 00:16:35,800
I do.

369
00:16:35,800 --> 00:16:36,800
I do.

370
00:16:36,800 --> 00:16:37,800
I do.

371
00:16:37,800 --> 00:16:38,800
I do.

372
00:16:38,800 --> 00:16:39,800
I do.

373
00:16:39,800 --> 00:16:40,800
I do.

374
00:16:40,800 --> 00:16:41,800
I do.

375
00:16:41,800 --> 00:16:42,800
I do.

376
00:16:42,800 --> 00:16:43,800
I do.

377
00:16:43,800 --> 00:16:44,800
I do I do.

378
00:16:44,800 --> 00:16:45,800
I do.

379
00:16:45,800 --> 00:16:46,800
I do.

380
00:16:46,800 --> 00:16:47,800
I do.

381
00:16:47,800 --> 00:16:48,800
I do.

382
00:16:48,800 --> 00:16:49,800
I do so.

383
00:16:49,800 --> 00:16:50,800
Do.

384
00:16:50,800 --> 00:16:51,800
I do.

385
00:16:51,800 --> 00:16:52,800
I do.

386
00:16:52,800 --> 00:16:53,800
I do.

387
00:16:53,800 --> 00:16:54,800
I do.

388
00:16:54,800 --> 00:16:55,800
I do.

389
00:16:55,800 --> 00:16:56,800
I do.

390
00:16:56,800 --> 00:16:57,800
I do.

391
00:16:57,800 --> 00:16:58,800
I do.

392
00:16:58,800 --> 00:16:59,800
I do.

393
00:16:59,800 --> 00:17:00,800
I do.

394
00:17:00,800 --> 00:17:01,800
I do.

395
00:17:01,800 --> 00:17:02,800
I do.

396
00:17:02,800 --> 00:17:03,800
I do.

397
00:17:03,800 --> 00:17:04,800
I do.

398
00:17:04,800 --> 00:17:05,800
I do.

399
00:17:05,800 --> 00:17:06,800
I do.

400
00:17:06,800 --> 00:17:07,800
I do.

401
00:17:07,800 --> 00:17:08,800
I do.

402
00:17:08,800 --> 00:17:09,800
I do.

403
00:17:09,800 --> 00:17:10,800
I kid you, there is.

404
00:17:10,800 --> 00:17:11,800
Before that, that's it.

405
00:17:11,800 --> 00:17:13,360
There's what they're crappy wallet.

406
00:17:13,560 --> 00:17:16,560
Mm. So I do have one more news.

407
00:17:16,640 --> 00:17:19,640
I I endeavored to have three items of news.

408
00:17:19,760 --> 00:17:21,640
So I've got one more.

409
00:17:21,640 --> 00:17:24,440
What do you think is a good number of items like three?

410
00:17:24,760 --> 00:17:25,600
I mean, it seems like a lot.

411
00:17:25,600 --> 00:17:26,680
Yeah, all right.

412
00:17:26,680 --> 00:17:30,280
Five. I would say there could be small news nuggets.

413
00:17:30,680 --> 00:17:32,920
Yeah, they could be news units.

414
00:17:33,880 --> 00:17:35,920
This one's for the operators out there.

415
00:17:36,080 --> 00:17:39,040
The operators are warriors.

416
00:17:39,040 --> 00:17:42,040
Shout out.

417
00:17:42,200 --> 00:17:44,280
The ladies.

418
00:17:44,480 --> 00:17:46,360
Obal, has anyone heard of Obal?

419
00:17:46,560 --> 00:17:51,000
Yes. So DVT distributed, validated technology.

420
00:17:51,360 --> 00:17:53,920
I watched an entire podcast on it,

421
00:17:54,120 --> 00:17:59,320
and it is more or less Horcrux competition sort of.

422
00:17:59,600 --> 00:18:01,600
There's a tenement like is it for.

423
00:18:01,800 --> 00:18:06,200
So it started out as a project for Ethereum.

424
00:18:06,200 --> 00:18:07,200
Uh-huh.

425
00:18:07,400 --> 00:18:14,040
But they are going to migrate it to Cosmos based chains.

426
00:18:14,720 --> 00:18:15,640
I don't know.

427
00:18:15,640 --> 00:18:19,040
It seemed to be more based around like a

428
00:18:19,440 --> 00:18:23,040
validator that's distributed by organizations.

429
00:18:23,040 --> 00:18:25,800
So, for example, if you had like,

430
00:18:26,680 --> 00:18:29,040
say 20 for argument's sake,

431
00:18:29,320 --> 00:18:33,720
smaller validators who wanted to get into the hub, for example,

432
00:18:33,720 --> 00:18:36,600
then they might pull their resources.

433
00:18:36,800 --> 00:18:40,800
I mean, in some ways, this seems like a really inefficient

434
00:18:41,080 --> 00:18:46,920
like model for a validator in terms of like resource use,

435
00:18:46,920 --> 00:18:47,920
but him yeah.

436
00:18:48,120 --> 00:18:54,000
So they could pull their resources to create a distributed validator

437
00:18:55,320 --> 00:18:57,880
in a similar way to how Horcrux would do it,

438
00:18:57,880 --> 00:19:03,240
except they would all have ownership of a shard of the key.

439
00:19:03,880 --> 00:19:09,000
And then they could raise that validator as a group

440
00:19:09,000 --> 00:19:13,240
and delegate to it as a group to bring it up.

441
00:19:13,240 --> 00:19:16,600
So it's a Daueron validator, but with extra steps.

442
00:19:16,600 --> 00:19:20,440
Well, potentially, but it could also just be a B2B,

443
00:19:20,440 --> 00:19:21,640
like business to business.

444
00:19:21,640 --> 00:19:24,680
I assume you need a certain percentage of that

445
00:19:25,320 --> 00:19:26,680
available to sign.

446
00:19:26,680 --> 00:19:27,960
Is that right?

447
00:19:27,960 --> 00:19:28,960
Yeah.

448
00:19:28,960 --> 00:19:29,480
Yeah.

449
00:19:29,480 --> 00:19:31,080
So you need two thirds of the,

450
00:19:31,080 --> 00:19:33,480
and I guess you break the key down in whatever percentage

451
00:19:33,480 --> 00:19:36,840
is based on ownership and then you had a 66% they signed type of thing.

452
00:19:36,840 --> 00:19:37,840
Mm hmm.

453
00:19:37,840 --> 00:19:38,840
Huh.

454
00:19:38,840 --> 00:19:39,840
Yeah.

455
00:19:39,840 --> 00:19:43,400
So they designed it for Ethereum,

456
00:19:43,400 --> 00:19:47,240
but they're planning to port it over to the Cosmos.

457
00:19:47,240 --> 00:19:50,040
So there was question time at the end,

458
00:19:50,040 --> 00:19:53,480
and question time seemed to go on longer than the presentation time,

459
00:19:53,480 --> 00:19:55,480
which is irritating to me.

460
00:19:55,480 --> 00:20:03,800
But anyway, so there were questions around the governance problem.

461
00:20:03,800 --> 00:20:10,520
And like, it doesn't seem like they had really solved the whole operator key

462
00:20:10,520 --> 00:20:15,240
is different to the signing key issue.

463
00:20:15,240 --> 00:20:16,040
Oh, I see.

464
00:20:16,040 --> 00:20:16,560
Yeah.

465
00:20:16,560 --> 00:20:19,480
So they can sign blocks, but the idea of like actually voting on something

466
00:20:19,480 --> 00:20:20,600
probably doesn't work.

467
00:20:20,600 --> 00:20:21,080
Yeah.

468
00:20:21,080 --> 00:20:23,240
And also like, I don't think they had,

469
00:20:23,240 --> 00:20:25,960
maybe they thought about it, but I don't think they had like,

470
00:20:25,960 --> 00:20:28,680
well, they certainly didn't articulate very well

471
00:20:28,680 --> 00:20:32,360
how the mechanism would work for like a shared,

472
00:20:32,360 --> 00:20:38,520
right, like operator key, like whether that would be some sort of multi-seg or,

473
00:20:38,520 --> 00:20:39,520
yeah.

474
00:20:39,520 --> 00:20:40,520
Get rid of it all.

475
00:20:40,520 --> 00:20:44,760
I mean, just fucking you flush Cosmos validated.

476
00:20:44,760 --> 00:20:46,920
Down the toilet, start over.

477
00:20:46,920 --> 00:20:48,440
Yeah, that's good.

478
00:20:48,440 --> 00:20:51,640
Go to an incredible amount of effort to fucking.

479
00:20:51,640 --> 00:20:57,400
So what you're saying is that instead of just A, running a validator,

480
00:20:57,400 --> 00:21:01,800
B, running a Dow run validator, you could see,

481
00:21:01,800 --> 00:21:07,800
run a slightly more complex Dow run validator and split one 20th of nothing.

482
00:21:07,800 --> 00:21:08,600
Yeah.

483
00:21:08,600 --> 00:21:11,800
Basically, you get one of those shiny new codes.

484
00:21:11,800 --> 00:21:14,600
Let's get the, let's get the montage music on.

485
00:21:14,600 --> 00:21:17,240
And I want to run up the steps like Rocky.

486
00:21:17,240 --> 00:21:20,280
At some point validators will have to do this because all the

487
00:21:20,280 --> 00:21:25,400
the actual validator set will just be filled with the validators that are run by the other chain,

488
00:21:25,400 --> 00:21:26,440
chain owners.

489
00:21:26,440 --> 00:21:32,600
So you'll have in 150 different chains running validators on all the other 150 different chains.

490
00:21:32,600 --> 00:21:33,880
So there's no room for anybody else.

491
00:21:33,880 --> 00:21:35,000
That's what's going to happen.

492
00:21:35,000 --> 00:21:35,880
Does that happen?

493
00:21:35,880 --> 00:21:36,680
Yeah, sure.

494
00:21:36,680 --> 00:21:37,640
There's tons of them.

495
00:21:37,640 --> 00:21:38,840
Well, we got Chihuahua.

496
00:21:38,840 --> 00:21:40,040
They bounced around a bunch, right?

497
00:21:40,040 --> 00:21:40,840
Chihuahua does it.

498
00:21:40,840 --> 00:21:41,480
Yes.

499
00:21:41,480 --> 00:21:44,920
Shane does it at Stargaze and Juno's talking about doing it.

500
00:21:44,920 --> 00:21:47,160
And it's going to happen more and more, right?

501
00:21:47,160 --> 00:21:49,080
Juno isn't owned by anyone.

502
00:21:49,080 --> 00:21:53,080
I mean, you could have, you could have, yeah, you can have mesh security or you can just run

503
00:21:53,080 --> 00:21:55,960
validator on other chains or, I mean, yeah.

504
00:21:55,960 --> 00:21:56,840
I like my street.

505
00:21:56,840 --> 00:21:58,680
It's kind of surprising it didn't happen more actually.

506
00:21:58,680 --> 00:22:03,000
Like given the amount of money some people made in App Chain Winter, like just at that

507
00:22:03,000 --> 00:22:07,720
point, the hub wasn't doing so well, but it's actually like in hindsight held up surprisingly

508
00:22:07,720 --> 00:22:09,400
well given market conditions.

509
00:22:09,400 --> 00:22:17,000
Like the IQ 9000 move it turned out was to exchange your second tier

510
00:22:17,000 --> 00:22:21,000
Cosmos coins for atom, right?

511
00:22:21,000 --> 00:22:23,000
Basement.

512
00:22:23,000 --> 00:22:25,000
Basement.

513
00:22:25,000 --> 00:22:31,640
You know, your non hub tokens for hub tokens and then run a validator and that would have

514
00:22:31,640 --> 00:22:35,000
probably generated more money than your entire chain potentially.

515
00:22:35,000 --> 00:22:37,000
So.

516
00:22:37,000 --> 00:22:39,000
So, you know what news?

517
00:22:39,000 --> 00:22:43,000
Because there's, Ben keeps bringing news point number four up like five or six times.

518
00:22:43,000 --> 00:22:47,000
This is a metamask coming to Cosmos, right?

519
00:22:47,000 --> 00:22:51,000
Well, it's kind of coming to, this is the metamask API piece, right?

520
00:22:51,000 --> 00:22:53,000
Yes.

521
00:22:53,000 --> 00:22:59,000
I think snaps is the ability for individuals to write a plugin snap that adds in the metamask

522
00:22:59,000 --> 00:23:03,000
to be able to extend to other L1s and L2s and whatever else.

523
00:23:03,000 --> 00:23:09,000
So now when there's a lot of security for in metamask, every single ecosystem gets rocked.

524
00:23:09,000 --> 00:23:13,000
Well, there.

525
00:23:13,000 --> 00:23:15,000
Sure.

526
00:23:15,000 --> 00:23:17,000
Right.

527
00:23:17,000 --> 00:23:19,000
One to rule them all.

528
00:23:19,000 --> 00:23:25,000
But yeah, I think there's a few groups that are, I know one that's working on the, obviously

529
00:23:25,000 --> 00:23:31,000
the Cosmos integration or I should say, tenement IBC integration for metamask.

530
00:23:31,000 --> 00:23:33,000
And I think there's a couple, right?

531
00:23:33,000 --> 00:23:38,000
There's like at least two I know of that are that are starting to write snaps for tenement

532
00:23:38,000 --> 00:23:40,000
for tenement, just dreams.

533
00:23:40,000 --> 00:23:42,000
So secret how this running like 18 months ago.

534
00:23:42,000 --> 00:23:44,000
The DIY.

535
00:23:44,000 --> 00:23:46,000
This isn't new, is it?

536
00:23:46,000 --> 00:23:48,000
The DIY DX test net has every other wallet except Kepler.

537
00:23:48,000 --> 00:23:52,000
So is it like EVM or?

538
00:23:52,000 --> 00:23:54,000
It is.

539
00:23:54,000 --> 00:23:56,000
It is EVM, I believe.

540
00:23:56,000 --> 00:23:58,000
Yeah.

541
00:23:58,000 --> 00:24:00,000
I did have one more item of news.

542
00:24:00,000 --> 00:24:04,000
I mean, it's not on the list, but it's been talked about a lot.

543
00:24:04,000 --> 00:24:06,000
So I could probably mention it.

544
00:24:06,000 --> 00:24:10,000
If you want to go on, please, what do you want to invite?

545
00:24:10,000 --> 00:24:12,000
Go on.

546
00:24:12,000 --> 00:24:14,000
I was waiting for the vindication.

547
00:24:14,000 --> 00:24:22,000
So it has been the talk of the town, the feasibility of reducing set sizes.

548
00:24:22,000 --> 00:24:24,000
Okay.

549
00:24:24,000 --> 00:24:26,000
For networks.

550
00:24:26,000 --> 00:24:28,000
It's extremely feasible, right?

551
00:24:28,000 --> 00:24:32,000
Is this also known as Nulls I was right all along corner?

552
00:24:32,000 --> 00:24:34,000
Sorry, I would have prepared a tech ref I'd known.

553
00:24:34,000 --> 00:24:36,000
It is Nulls I was right all along.

554
00:24:36,000 --> 00:24:48,000
I was fiercely against raising set sizes during the bull market just for the sake of people being able to fucking get in at the bottom because it creates an overhead that you have to deal with later.

555
00:24:48,000 --> 00:24:50,000
And here we are.

556
00:24:50,000 --> 00:24:56,000
So did it benefit anyone in that fucking year and a half's time?

557
00:24:56,000 --> 00:24:58,000
I don't think so.

558
00:24:58,000 --> 00:25:08,000
People who are down there barely have any delegation compared to the rest of the chain and have now been running hardware for a year with fucking negative revenue.

559
00:25:08,000 --> 00:25:14,000
But nonetheless, look, some people are cutters and just want to do that anyway.

560
00:25:14,000 --> 00:25:28,000
So now the question is whether they should be trying to reduce the size of the set to stem the losses, I guess, from those people down the bottom.

561
00:25:28,000 --> 00:25:30,000
What's the point?

562
00:25:30,000 --> 00:25:32,000
Unless they want to.

563
00:25:32,000 --> 00:25:34,000
I don't see the point.

564
00:25:34,000 --> 00:25:42,000
The overhead to the chain is not that severe on something that's slow anyway.

565
00:25:42,000 --> 00:25:44,000
You can still make the blocks on time.

566
00:25:44,000 --> 00:25:46,000
It's not that much data overhead.

567
00:25:46,000 --> 00:25:54,000
I'd prefer to have 50 better for my hard disk, but it doesn't really matter too much in the big scheme of things.

568
00:25:54,000 --> 00:25:58,000
I'll recycle nodes quick enough that I don't kill the hard drives.

569
00:25:58,000 --> 00:26:00,000
But that's the number of connections, right?

570
00:26:00,000 --> 00:26:02,000
You could just reduce that anyway.

571
00:26:02,000 --> 00:26:04,000
There's nothing to the set size.

572
00:26:04,000 --> 00:26:12,000
The set size adds an overhead in terms of data. Every block you record information about every single validator on the network.

573
00:26:12,000 --> 00:26:21,000
So there is some extra storage overhead, but it's not like things like Stargaze and Juno and Evmorsen.

574
00:26:21,000 --> 00:26:24,000
It's not enough to really care about.

575
00:26:24,000 --> 00:26:28,000
Yeah, in some sense, I think, or we've seen ones that are not even filled out all the way.

576
00:26:28,000 --> 00:26:30,000
So it's starting to happen naturally on its own.

577
00:26:30,000 --> 00:26:34,000
And I would assume that you're going to see more and more people just walking away.

578
00:26:34,000 --> 00:26:38,000
The floors have changed a lot.

579
00:26:38,000 --> 00:26:44,000
Even on networks that still pay, the floors sometimes you can get in for virtually nothing.

580
00:26:44,000 --> 00:26:52,000
And I think it's up to everyone wanted those set sizes.

581
00:26:52,000 --> 00:26:54,000
I think they should just stay there.

582
00:26:54,000 --> 00:26:58,000
And if people are making a loss, it's up to them to close down and walk away.

583
00:26:58,000 --> 00:27:11,000
Well, I think one of the tools that I was thinking about, like it's really, I'm trying to come up with something, but I think one tool that will be really valuable would be an ROI metric on chains that is extremely easy to use.

584
00:27:11,000 --> 00:27:20,000
Meaning to pick a spot, pick a chain, pick the returns are known at a specific commission rate at a specific spot within a set.

585
00:27:20,000 --> 00:27:31,000
And then you can put it, say, I think it's going to cost me $300, $400 a month of just hardware costs plus my time and everything else in terms of being able to support a new chain and then do the math on a chain that exists.

586
00:27:31,000 --> 00:27:33,000
Because I think people have no idea.

587
00:27:33,000 --> 00:27:34,000
Like I don't think it does the math.

588
00:27:34,000 --> 00:27:40,000
And a tool actually that would help them look at, yeah, you're down 190 out of $200 a month.

589
00:27:40,000 --> 00:27:41,000
And this is where your break even is.

590
00:27:41,000 --> 00:27:46,000
Your break even is as at Juno at a buck or $2.

591
00:27:46,000 --> 00:27:52,000
And so you look at it and actually make a reasonable decision because I think everybody runs into it, but I don't think I may have actually done the math.

592
00:27:52,000 --> 00:28:00,000
Like I don't think I mean, it's not really easy to kind of figure out what the actual commission amount is based off of a mint and everything else.

593
00:28:00,000 --> 00:28:02,000
It'd be a nice tool to build.

594
00:28:02,000 --> 00:28:10,000
So one thing that I think would be handy is like an exit strategy built into the protocol.

595
00:28:10,000 --> 00:28:32,000
So one thing that happens when, so say, you know, big balls blockchain validator wasn't that popular and they're sitting down there with like, they're, you know, on the floor, they've got 27 different delegators delegating seven Juno.

596
00:28:32,000 --> 00:28:33,000
Yeah.

597
00:28:33,000 --> 00:28:35,000
And you don't want to fuck those.

598
00:28:35,000 --> 00:28:38,000
I thought they were really big balls that Jimmy Small Bulls got you.

599
00:28:38,000 --> 00:28:40,000
Okay.

600
00:28:40,000 --> 00:28:41,000
You're just your own terminology here.

601
00:28:41,000 --> 00:28:44,000
They don't want to fuck over their 27 delegators when they leave, right?

602
00:28:44,000 --> 00:28:45,000
Yeah.

603
00:28:45,000 --> 00:28:53,000
So they're just hanging in there paying their $300 a month for their server so that they don't fuck over these guys in their seven cents.

604
00:28:53,000 --> 00:28:57,000
Maybe if they moved to Hetzner, they would break even in.

605
00:28:57,000 --> 00:29:00,000
That's like higher because they're breaking terms of service.

606
00:29:00,000 --> 00:29:02,000
And then we all know.

607
00:29:02,000 --> 00:29:07,000
I mean, at that point you're looking at a Raspberry Pi that's already amortized.

608
00:29:07,000 --> 00:29:09,000
Yeah.

609
00:29:09,000 --> 00:29:20,000
So what would be handy is some sort of function in the blockchain that doesn't have to be an upgrade handler where you could say, all right, I'm going to exit.

610
00:29:20,000 --> 00:29:26,000
I run this transaction and it just sprays your delegations across the fucking the rest of the set.

611
00:29:26,000 --> 00:29:27,000
Right.

612
00:29:27,000 --> 00:29:31,000
I actually built a proof of concept for that tool and couldn't get funding for it.

613
00:29:31,000 --> 00:29:32,000
Yeah, that's a good idea.

614
00:29:32,000 --> 00:29:33,000
You're on the same page.

615
00:29:33,000 --> 00:29:38,000
Like, just to be able to automatically re-delegate delegators that are delegated to me, right?

616
00:29:38,000 --> 00:29:39,000
I should have that.

617
00:29:39,000 --> 00:29:40,000
Exactly.

618
00:29:40,000 --> 00:29:41,000
So you just fucking put it below them.

619
00:29:41,000 --> 00:29:42,000
Sure.

620
00:29:42,000 --> 00:29:45,000
So it was a code x forward slash I am going to head out.

621
00:29:45,000 --> 00:29:47,000
Yeah, that's what it was called.

622
00:29:47,000 --> 00:29:50,000
Yeah, it was more generalized than what I built.

623
00:29:50,000 --> 00:29:56,000
But yeah, I approached the ICF about it and they were like, well, we actually don't fund things that are less than like $500,000.

624
00:29:56,000 --> 00:29:58,000
And I was like, it is $500,000.

625
00:29:58,000 --> 00:29:59,000
It can be.

626
00:29:59,000 --> 00:30:02,000
Yeah, I was like, I can make this awesome.

627
00:30:02,000 --> 00:30:03,000
I'm afraid if you like.

628
00:30:03,000 --> 00:30:07,000
I think I forgot to carry it.

629
00:30:07,000 --> 00:30:10,000
I'm emotional why I charged that.

630
00:30:10,000 --> 00:30:11,000
Yeah, I was right.

631
00:30:11,000 --> 00:30:13,000
Yeah, they probably would have or more.

632
00:30:13,000 --> 00:30:14,000
Yeah.

633
00:30:14,000 --> 00:30:16,000
Go more tidy.

634
00:30:16,000 --> 00:30:17,000
Yeah.

635
00:30:17,000 --> 00:30:18,000
Yeah, I agree.

636
00:30:18,000 --> 00:30:19,000
That's it.

637
00:30:19,000 --> 00:30:23,000
Because there's no way to communicate today and you can't like even I thought about like doing that.

638
00:30:23,000 --> 00:30:27,000
Like you could do a message to everybody, but they always got to see that shit in the memo.

639
00:30:27,000 --> 00:30:29,000
It's like, like there's no visibility to it.

640
00:30:29,000 --> 00:30:35,000
So you really blasting it out on Twitter, you're trying to go into, you know, community discord conversations or something else.

641
00:30:35,000 --> 00:30:37,000
Like there's no way to communicate that.

642
00:30:37,000 --> 00:30:41,000
So somebody's going to be surprised eventually when they come back a month later or two months later.

643
00:30:41,000 --> 00:30:57,000
Could I just throw a regulatory curveball in there and just say maybe it's better that people can get rugged by the validator going away because of hardware failure, getting hit by a bus, whatever it might be with no communication.

644
00:30:57,000 --> 00:31:02,000
Because then that increases consumer risk in the general case.

645
00:31:02,000 --> 00:31:14,000
And it means that number one, if you're validating has a plan to communicate something like that, you know, showing some due diligence and maybe it's like a differentiator for trust.

646
00:31:14,000 --> 00:31:22,000
But also number two, you know, it's decentralized baby, you know, the shits of Wild West.

647
00:31:22,000 --> 00:31:23,000
It is.

648
00:31:23,000 --> 00:31:30,000
But I do agree with Mel's point that I think validators hold on because the exit is not clean.

649
00:31:30,000 --> 00:31:34,000
And actually, this brings us to an actual show note transition.

650
00:31:34,000 --> 00:31:36,000
I don't know if you meant to do this.

651
00:31:36,000 --> 00:31:44,000
But friend of the show, Bosco from Silk Notes was talking about this just recently because they were talking about leaving.

652
00:31:44,000 --> 00:31:47,000
And this is a point that we could talk about, but they were talking about leaving some chains.

653
00:31:47,000 --> 00:31:58,000
And he brought up the question that we are not leaving some chains that we think do not have a future because we're concerned that it...

654
00:31:58,000 --> 00:32:00,000
We're kind of afraid that I'll use his words.

655
00:32:00,000 --> 00:32:06,000
We're kind of afraid that it might lose us delegations on quote unquote better chains or another chains.

656
00:32:06,000 --> 00:32:15,000
And so the idea is that is leaving a chain or leaving something that is not, you know, not earning or doesn't seem like it's going anywhere or whatever else.

657
00:32:15,000 --> 00:32:20,000
Is that a brand negative or do delegators actually even give a shit?

658
00:32:20,000 --> 00:32:26,000
I think it's... I think it can be brand negative, especially if you have people that delegate to you across a bunch of networks.

659
00:32:26,000 --> 00:32:35,000
But like, you know, I think that people jump into being a validator without putting too much forethought into it.

660
00:32:35,000 --> 00:32:44,000
And I believe that if you're going to start validating a network, then you should be committed to that network

661
00:32:44,000 --> 00:32:48,000
until it goes into the dirt, no matter how much money it loses you.

662
00:32:48,000 --> 00:32:49,000
Why?

663
00:32:49,000 --> 00:32:50,000
The thing is like...

664
00:32:50,000 --> 00:32:52,000
Why?

665
00:32:52,000 --> 00:32:54,000
That's insane.

666
00:32:54,000 --> 00:32:57,000
Yeah, so you didn't hear me out. You didn't hear me out.

667
00:32:57,000 --> 00:33:02,000
So if the chain is bad for users, yes.

668
00:33:02,000 --> 00:33:04,000
Define bad for users.

669
00:33:04,000 --> 00:33:06,000
You know, that needs definition.

670
00:33:06,000 --> 00:33:15,000
But yeah, you know, something like maybe SIF chain or...

671
00:33:15,000 --> 00:33:17,000
I wasn't asking for examples.

672
00:33:17,000 --> 00:33:22,000
I was not saying that the site is bad for users, by the power vested in me by the users.

673
00:33:22,000 --> 00:33:24,000
I am going to find this painless...

674
00:33:24,000 --> 00:33:27,000
That's a constantly changing policy.

675
00:33:27,000 --> 00:33:37,000
Like, I could look... Like, I judge things based off of a... Like, what are the ones that would be the number of actual upgrades or code that's being pushed?

676
00:33:37,000 --> 00:33:38,000
Yeah.

677
00:33:38,000 --> 00:33:39,000
Like, our dev team is actually working on it.

678
00:33:39,000 --> 00:33:43,000
If the developer is being abandoned and the chain has no hope, then it's done.

679
00:33:43,000 --> 00:33:46,000
But the other part of it is that... Sorry, I didn't mean to cut you off there.

680
00:33:46,000 --> 00:33:47,000
But the other part of that is that...

681
00:33:47,000 --> 00:33:48,000
What are you taking?

682
00:33:48,000 --> 00:33:49,000
I know, I love it.

683
00:33:49,000 --> 00:33:50,000
It's like, it's the only reason I show up.

684
00:33:50,000 --> 00:33:57,000
But the other piece of it is that the chain itself might not need changes for the dApps that use that to be able to take advantage of that.

685
00:33:57,000 --> 00:33:58,000
Like, a good example of this is...

686
00:33:58,000 --> 00:34:02,000
It's like, it's perfectly functional, but you still want the developers to be there.

687
00:34:02,000 --> 00:34:06,000
Like, a good example is OmniFlex.

688
00:34:06,000 --> 00:34:13,000
Like, there's very... I think we've had like maybe one breaking chain change upgrade in two years or something.

689
00:34:13,000 --> 00:34:16,000
And there's like, Cicela rolls out very slow changes in that.

690
00:34:16,000 --> 00:34:19,000
But on the app side, there's tons of work that's being done, right?

691
00:34:19,000 --> 00:34:20,000
So I don't really count that.

692
00:34:20,000 --> 00:34:23,000
But it is very evident that they are still there.

693
00:34:23,000 --> 00:34:24,000
Oh, huge.

694
00:34:24,000 --> 00:34:25,000
Oh, yeah, huge.

695
00:34:25,000 --> 00:34:27,000
So you can't really look at it just at that.

696
00:34:27,000 --> 00:34:31,000
But the other hand, like something like Constellation or even like Nomic.

697
00:34:31,000 --> 00:34:33,000
Like, what are we doing?

698
00:34:33,000 --> 00:34:36,000
Like, what's happening with these?

699
00:34:36,000 --> 00:34:40,000
It's funny that you bring up Nomic because there was just an upgrade today about it with it.

700
00:34:40,000 --> 00:34:41,000
What upgrade?

701
00:34:41,000 --> 00:34:42,000
If I can just finish my thought.

702
00:34:42,000 --> 00:34:43,000
Wait, what?

703
00:34:43,000 --> 00:34:46,000
If I can just finish my thought.

704
00:34:46,000 --> 00:35:02,000
So, you know, what I mean is that if you are going to commit to a blockchain, I think in the first place, you should believe in that particular blockchain or what they're trying to do.

705
00:35:02,000 --> 00:35:08,000
And I think you should at least be making a commitment to see it through some tough time.

706
00:35:08,000 --> 00:35:18,000
Like, if you, you know, I don't agree with just soaking up the good times and then fucking popping smoke and then coming back in the good good times.

707
00:35:18,000 --> 00:35:26,000
Like, I think that if you're going to commit to that chain, you should bring it up even, you know, maybe soak up a bit of good time.

708
00:35:26,000 --> 00:35:36,000
But if there's a deep bear market like we're in now, I think you should be like willing to to bear through that.

709
00:35:36,000 --> 00:35:37,000
Yeah, I think.

710
00:35:37,000 --> 00:35:43,000
At least, you know, a certain amount of time, like, I don't think it's like, okay, well, I'm not making money this week.

711
00:35:43,000 --> 00:35:44,000
I'm just going to fuck off now.

712
00:35:44,000 --> 00:35:49,000
No, I don't think that's I don't think that there's there's those are two different extremes, right?

713
00:35:49,000 --> 00:35:53,000
There's one is just running it forever without anything happening and nobody's using the chain.

714
00:35:53,000 --> 00:35:56,000
It's just producing zero transaction blocks for years and years.

715
00:35:56,000 --> 00:35:58,000
Versus at the first sign of challenge.

716
00:35:58,000 --> 00:35:59,000
I'm dumping it.

717
00:35:59,000 --> 00:36:01,000
Like there's there's areas.

718
00:36:01,000 --> 00:36:15,000
I mean, is like you should be making a commitment to it and have that have that in mind like know that when you join this blockchain, it may not make you money for a while or it may make you money for a while and then not make you money.

719
00:36:15,000 --> 00:36:21,000
And how how you handle that as a business or an individual is is, you know, you need to plan for that.

720
00:36:21,000 --> 00:36:24,000
You can't just I can't really be making money.

721
00:36:24,000 --> 00:36:25,000
Right.

722
00:36:25,000 --> 00:36:27,000
At the same point, it's a business.

723
00:36:27,000 --> 00:36:43,000
So yeah, and if if you look at teams that are not executing and you look at founders that have left or you look at users that are not there, you're wasting your you're wasting your fucking time and money and you should go spend that somewhere else in the category of well, this this chain is not going to make it.

724
00:36:43,000 --> 00:36:45,000
I'm not supporting a chain that has a good chance.

725
00:36:45,000 --> 00:36:48,000
I'm supporting a fucking dead camel.

726
00:36:48,000 --> 00:36:49,000
Sure.

727
00:36:49,000 --> 00:36:50,000
Yeah.

728
00:36:50,000 --> 00:36:51,000
Yeah.

729
00:36:51,000 --> 00:36:52,000
And the challenge is it's difficult.

730
00:36:52,000 --> 00:36:56,000
It's sometimes the determining the difference between those two is is really difficult, especially in a bear market, right?

731
00:36:56,000 --> 00:37:04,000
Because it's difficult to see is it's just something that's sitting in a lull and it takes it needs time or is that is that it's never coming out?

732
00:37:04,000 --> 00:37:05,000
Right.

733
00:37:05,000 --> 00:37:11,000
So and we've had we have a good number of chains that have had good times that we still run that are in the doldrums like everybody else.

734
00:37:11,000 --> 00:37:14,000
And we've had we have a lot of chains that we run that have never had the good times.

735
00:37:14,000 --> 00:37:15,000
Right.

736
00:37:15,000 --> 00:37:17,000
So so you have both those.

737
00:37:17,000 --> 00:37:25,000
I think the ones that had the good times can you extend it longer because you think has a possibility of of of of regrowth maybe.

738
00:37:25,000 --> 00:37:32,000
And but the ones that you you run that have never done anything or maybe maybe don't even have tokens that are liquid.

739
00:37:32,000 --> 00:37:35,000
You look at and say, you know, is there a time light on this?

740
00:37:35,000 --> 00:37:38,000
And if there's not a time limit, you gotta make some decisions.

741
00:37:38,000 --> 00:37:49,000
So there are chains that we run that are relatively new that and I'll name some that don't make money and probably never will.

742
00:37:49,000 --> 00:37:58,000
One of them is Kujira and that may be a function of our we've got 1% commission on there.

743
00:37:58,000 --> 00:38:00,000
But I think even at 5% is pretty good chance.

744
00:38:00,000 --> 00:38:02,000
I thought it was fee based, isn't it?

745
00:38:02,000 --> 00:38:05,000
It's fee based, but you do also get a stipend for Kujira.

746
00:38:05,000 --> 00:38:10,000
You should be getting $75 a month as a validator, which might not be covering your costs, but at least goes somewhere.

747
00:38:10,000 --> 00:38:12,000
So it's hard to say that.

748
00:38:12,000 --> 00:38:15,000
But we're net loss on that for sure.

749
00:38:15,000 --> 00:38:18,000
100% I would think right because you also have to run those other unsupporting chains for the Kujira too.

750
00:38:18,000 --> 00:38:30,000
Or no, no, no, you know, by the time you run a couple of century nodes, fucking mate, the time is I'd be losing $3,000 a month in fucking time.

751
00:38:30,000 --> 00:38:34,000
Yeah, the price theater changes are quite a lot for sure.

752
00:38:34,000 --> 00:38:40,000
The governance and price feed is I don't vote the price feeder changes are fucking insane.

753
00:38:40,000 --> 00:38:41,000
Why is that?

754
00:38:41,000 --> 00:38:43,000
Like it should be automated.

755
00:38:43,000 --> 00:38:45,000
It should be automated from Kujira.

756
00:38:45,000 --> 00:38:47,000
I mean, like, yeah, it is just it takes fucking time.

757
00:38:47,000 --> 00:38:50,000
It takes fucking way too much time for what it is.

758
00:38:50,000 --> 00:38:52,000
Yeah, yeah.

759
00:38:52,000 --> 00:38:57,000
I mean, knowledge just started, but you know, it's we're right next to you on that shield.

760
00:38:57,000 --> 00:39:01,000
So I don't think we're going to turn a profit on that for which one?

761
00:39:01,000 --> 00:39:03,000
A long time.

762
00:39:03,000 --> 00:39:06,000
No, no, no, no, noise isn't listed.

763
00:39:06,000 --> 00:39:11,000
But it's always I was really expecting.

764
00:39:11,000 --> 00:39:17,000
No, it's always I was never I never had like huge expectations of profit there. It's just really more support.

765
00:39:17,000 --> 00:39:21,000
I like the to me noise is more of a public good.

766
00:39:21,000 --> 00:39:22,000
Yeah, I agree.

767
00:39:22,000 --> 00:39:23,000
That's I agree.

768
00:39:23,000 --> 00:39:35,000
And it's relatively light and I don't think that there needs to be much maintenance on it and they purposely kept the set small right so that it's, you know, manageable.

769
00:39:35,000 --> 00:39:36,000
Right.

770
00:39:36,000 --> 00:39:37,000
Exactly.

771
00:39:37,000 --> 00:39:41,000
I'm happy to run that indefinitely. You can run that on your fucking.

772
00:39:41,000 --> 00:39:42,000
Yeah, agreed.

773
00:39:42,000 --> 00:39:46,000
Like it's a it's a very reasonable. Yeah, exactly.

774
00:39:46,000 --> 00:39:47,000
Yeah.

775
00:39:47,000 --> 00:39:51,000
Mars is like, I don't know about Mars.

776
00:39:51,000 --> 00:39:58,000
Like we we don't well, I think we rank in the mid there somewhere, but it seems like really top heavy.

777
00:39:58,000 --> 00:40:00,000
And so how long has that been running for?

778
00:40:00,000 --> 00:40:03,000
Shields see maybe like three or four months longer than that.

779
00:40:03,000 --> 00:40:05,000
I've been out for three or four months.

780
00:40:05,000 --> 00:40:10,000
So I think we've made a total commission of about fucking 60 bucks.

781
00:40:10,000 --> 00:40:13,000
It's probably more like 68 months at this point.

782
00:40:13,000 --> 00:40:14,000
Yeah.

783
00:40:14,000 --> 00:40:18,000
So 10 bucks a month.

784
00:40:18,000 --> 00:40:20,000
That doesn't seem very sustainable to me.

785
00:40:20,000 --> 00:40:29,000
I think that the people like high up in the in the set might be able to like cover their costs make a little bit of profit.

786
00:40:29,000 --> 00:40:33,000
I have been considering pulling out of Mars.

787
00:40:33,000 --> 00:40:36,000
I don't think that I have a lot of actual delegators there.

788
00:40:36,000 --> 00:40:39,000
I think it might just be a whale that's got someone way.

789
00:40:39,000 --> 00:40:46,000
So maybe I'll just like jack the commission up and wait for them to leave rather than them getting nothing.

790
00:40:46,000 --> 00:40:55,000
Yeah, but that is, you know, just one that like even even if you're like top 20, I don't don't think you're going to make money on Mars.

791
00:40:55,000 --> 00:40:57,000
It's a pretty high profile chain too.

792
00:40:57,000 --> 00:40:59,000
It's a pretty high profile chain too.

793
00:40:59,000 --> 00:41:02,000
It is, but it doesn't like it doesn't.

794
00:41:02,000 --> 00:41:03,000
No, I understand.

795
00:41:03,000 --> 00:41:05,000
I'm just saying it's disappointing.

796
00:41:05,000 --> 00:41:09,000
Yeah, it's just not economically incentivizing validators very well.

797
00:41:09,000 --> 00:41:17,000
So going back to to Bosco structure, do we think that we can't talk through like if should we leave or not a certain thing?

798
00:41:17,000 --> 00:41:24,000
But do we think that leaving chains that that fall under the criteria of bad chain definition to be fine later?

799
00:41:24,000 --> 00:41:28,000
That if leaving does that have an impact defined in this podcast?

800
00:41:28,000 --> 00:41:29,000
Absolutely not.

801
00:41:29,000 --> 00:41:30,000
No.

802
00:41:30,000 --> 00:41:36,000
I think that I think we could know that this this won't have a resolution this entire conversation.

803
00:41:36,000 --> 00:41:37,000
No, absolutely.

804
00:41:37,000 --> 00:41:45,000
No, this is we can bring it back up seven or eight times and just beat the fuck out of the dead cat over the next six months.

805
00:41:45,000 --> 00:41:46,000
Perfect.

806
00:41:46,000 --> 00:41:51,000
Okay, so what I think is that could it be bad for your brand?

807
00:41:51,000 --> 00:41:52,000
Yeah, possibly.

808
00:41:52,000 --> 00:42:03,000
But I think what you can do to reduce the damage is to be is to have a plan and communicate it effectively as you can to the decentralized world.

809
00:42:03,000 --> 00:42:05,000
Just fucking Twitter.

810
00:42:05,000 --> 00:42:14,000
And you know, give people ample run time to undeligate, give many updates, warnings.

811
00:42:14,000 --> 00:42:15,000
Yeah, yeah, absolutely.

812
00:42:15,000 --> 00:42:16,000
Right.

813
00:42:16,000 --> 00:42:17,000
Put it into your moniker.

814
00:42:17,000 --> 00:42:18,000
Do not delegate.

815
00:42:18,000 --> 00:42:19,000
Yeah.

816
00:42:19,000 --> 00:42:21,000
And leave it there for a couple of months.

817
00:42:21,000 --> 00:42:22,000
Getting set out.

818
00:42:22,000 --> 00:42:31,000
Yeah, yeah, like all the things you can do to at least try and get the delegators to leave and re delegate.

819
00:42:31,000 --> 00:42:36,000
I think that's a responsible way to do it rather than just popping smoke and fucking unbonding.

820
00:42:36,000 --> 00:42:37,000
Yeah.

821
00:42:37,000 --> 00:42:43,000
And honestly, I mean, for the most part, if it's community based, there are delegators that are on there.

822
00:42:43,000 --> 00:42:46,000
And if we're leaving a specific chain, there's no value in it.

823
00:42:46,000 --> 00:42:48,000
So like, it doesn't fucking matter.

824
00:42:48,000 --> 00:42:56,000
Like, like, honestly, like, I understand the ability of like, not like turning off of restake and other types of things, but whatever's in there, it's worthless.

825
00:42:56,000 --> 00:43:02,000
So the ones that we're talking about that in this situation, it's like, I agree with everything you're saying, like, we want to do these things.

826
00:43:02,000 --> 00:43:06,000
But if you step back, right, it's there's nothing there.

827
00:43:06,000 --> 00:43:15,000
So it's, it's a, you want to act professionally around it, you want to be able to write the thing, obviously, but at the same point, it's not like we're not going to the situation we're causing anybody money.

828
00:43:15,000 --> 00:43:18,000
I would caution everyone from being a chain whore.

829
00:43:18,000 --> 00:43:19,000
What does that mean?

830
00:43:19,000 --> 00:43:23,000
Like just fucking whoring around the chains, joining everything.

831
00:43:23,000 --> 00:43:26,000
Oh, as a validator as a delegator as a validator.

832
00:43:26,000 --> 00:43:28,000
Oh, yeah.

833
00:43:28,000 --> 00:43:35,000
I mean, like, you know, that is some people's strategy, though, like I know Schultz is on about 400 billion fucking chains.

834
00:43:35,000 --> 00:43:37,000
500 billion, actually, you never know.

835
00:43:37,000 --> 00:43:41,000
I mean, to the point you never know what the hell's going to happen.

836
00:43:41,000 --> 00:43:42,000
Right.

837
00:43:42,000 --> 00:43:43,000
Like you never know what's going to win her.

838
00:43:43,000 --> 00:43:45,000
Either you, right.

839
00:43:45,000 --> 00:43:52,000
Some of the most profitable chains in App Chain win to we didn't get on because we were just like, we're good with Stargaze and Juno.

840
00:43:52,000 --> 00:43:53,000
There are two big bets.

841
00:43:53,000 --> 00:43:54,000
Yeah.

842
00:43:54,000 --> 00:43:56,000
What was profitable?

843
00:43:56,000 --> 00:43:58,000
I mean, fucking everything was profitable.

844
00:43:58,000 --> 00:43:59,000
Do you not remember?

845
00:43:59,000 --> 00:44:02,000
Oh, you mean, oh, okay.

846
00:44:02,000 --> 00:44:03,000
A year ago.

847
00:44:03,000 --> 00:44:11,000
Yeah, that's six, that five, six month period before it, the wheels came off with prop 16 and then UST drove everything into the dirt.

848
00:44:11,000 --> 00:44:18,000
Like there was a period where, you know, fucking Chihuahua could make you $100,000 a month.

849
00:44:18,000 --> 00:44:29,000
I think that even like with with, I mean, Chihuahua was not profitable anymore, but you know, we'll keep running that.

850
00:44:29,000 --> 00:44:36,000
So I think we would be where we are now anyway, without prop 16 and without UST would still be here.

851
00:44:36,000 --> 00:44:39,000
There's, I think such a, it would be something else.

852
00:44:39,000 --> 00:44:41,000
I think the timing might have been different.

853
00:44:41,000 --> 00:44:49,000
I think Cosmos went down heavily before the rest of crypto or maybe they all tanked at the same.

854
00:44:49,000 --> 00:44:52,000
Well, they all had a slide at the same time.

855
00:44:52,000 --> 00:44:54,000
It's a slide maybe.

856
00:44:54,000 --> 00:44:56,000
It moves, it moves with the greater market rate.

857
00:44:56,000 --> 00:45:00,000
There's nothing, I mean, it moved farther than the greater market, but still.

858
00:45:00,000 --> 00:45:04,000
But it also went up more than the greater market as well.

859
00:45:04,000 --> 00:45:05,000
So yeah, true.

860
00:45:05,000 --> 00:45:07,000
But again, around about so suppose.

861
00:45:07,000 --> 00:45:10,000
So my question would be on this, right?

862
00:45:10,000 --> 00:45:17,000
And we are going to find the bad chains thing, but my question would be, is the answer this question different depending on who your delegates are?

863
00:45:17,000 --> 00:45:27,000
Because I think if your goal is mainly retail, then I think the more visibility, the better, right?

864
00:45:27,000 --> 00:45:29,000
You want to be everywhere.

865
00:45:29,000 --> 00:45:46,000
Whereas if your goal is maybe some retail, but like maybe retail with a bit more, a bit more of a bag or, you know, people who are going to do a bit more due diligence.

866
00:45:46,000 --> 00:45:57,000
The discerning investor, shall we say, plus potentially like foundation delegations, team delegations, those sort of like actual kind of big bag holders.

867
00:45:57,000 --> 00:46:01,000
You're more likely to go quality over quantity, right?

868
00:46:01,000 --> 00:46:16,000
And so coming off chains that you perceive as bad quality, as long as your definition is sound might actually mean that those bag holders, if you're in the latter camp, might trust you more on the chains that you do retain, right?

869
00:46:16,000 --> 00:46:26,000
And certainly, unless you're the size of some of these like, you know, big, big bulls companies that love double signing like Block Demon, like you're not just going to get auto enviroment.

870
00:46:26,000 --> 00:46:33,000
You're going to get auto invited to every massive VC circle jerk that's going to make you loads of money.

871
00:46:33,000 --> 00:46:38,000
So those guys are going to run every chain they can get their hands on, because they do that.

872
00:46:38,000 --> 00:46:43,000
And then they'll drop them like hot trash as soon as they don't want to look at what figment do.

873
00:46:43,000 --> 00:46:55,000
But unless you're figment, there's a really serious danger to that strategy because just doing that strategy isn't necessarily going to get you invite to the big brand new hot VC chain that might actually be really valuable.

874
00:46:55,000 --> 00:47:03,000
Whereas being more discerning, you might there's still a chance you can network your way into that.

875
00:47:03,000 --> 00:47:06,000
And you won't have to have all the heartache of running garbage.

876
00:47:06,000 --> 00:47:08,000
So I don't know. I don't know.

877
00:47:08,000 --> 00:47:17,000
But then I guess, you know, we're only in sort of two main ecosystems, plus some additional L ones that we've kind of been invited to or whatever.

878
00:47:17,000 --> 00:47:30,000
So I guess maybe we're not the best one. I'm certainly not the best person to be a spokesperson for that strategy of being hyper discerning, but across multiple ecosystems because we're still very heavily exposed to two or three main ones.

879
00:47:30,000 --> 00:47:42,000
Whereas like Schultz maybe, the thing is like Schultz, you know, lavender five spread across like a small number of ecosystems, we're quite discerning, but you also do run fucking loads of random ass chains as well.

880
00:47:42,000 --> 00:47:43,000
Yeah, we do.

881
00:47:43,000 --> 00:47:48,000
Schultz, would you be like negative across cosmos then or

882
00:47:48,000 --> 00:47:53,000
Well, I guess it depends on if you count salaries or not.

883
00:47:53,000 --> 00:47:56,000
I do count salaries and commission.

884
00:47:56,000 --> 00:48:01,000
Then as a business, as a profit and loss business, so you net negative across the cosmos.

885
00:48:01,000 --> 00:48:11,000
Yeah, absolutely. I mean, we take in a decent amount of commissions, but like for like infrastructure. Yeah, we're positive for sure.

886
00:48:11,000 --> 00:48:13,000
But for salaries, no question.

887
00:48:13,000 --> 00:48:22,000
So what you mean by that is by when you balance the commissions you're receiving directly against like the outgoings from just the infrastructure costs.

888
00:48:22,000 --> 00:48:32,000
Yes, you make potentially a profit, small profit. But when you take into account that you actually have to pay people because you need people to run this shit or yourself and you're making a loss.

889
00:48:32,000 --> 00:48:37,000
And myself. Yeah, and myself. And relay relaying is still expensive.

890
00:48:37,000 --> 00:48:48,000
So so last year without paying myself a salary for the year, the way we do accounting, we lost 30 grand last year.

891
00:48:48,000 --> 00:48:49,000
Yeah.

892
00:48:49,000 --> 00:48:56,000
Yeah. So and we don't we don't cover that many chains like we're now on 14 chains.

893
00:48:56,000 --> 00:49:04,000
So, you know, you have multiple employees, I imagine potentially a lot worse for you.

894
00:49:04,000 --> 00:49:08,000
Yeah. Well, you know, you know what I mean, across the cosmos anyway.

895
00:49:08,000 --> 00:49:23,000
There's a pure, there's a pure like cosmos operation, like just the validator side of things. I think that would be the same position for us, especially because we only actually did off AWS re platform like four months into this tax year.

896
00:49:23,000 --> 00:49:29,000
So that was already when the bear was rolling. We were like, shit, we need to start decommissioning AWS stuff.

897
00:49:29,000 --> 00:49:43,000
So even we're bringing that cost right down, I think we'd be in the same boat where maybe we paid a good we were probably paying our info costs until about last September, I would guess.

898
00:49:43,000 --> 00:49:51,000
And that was the point where I think the token price dip below our ability to cover it from our delegations to cover infrastructure costs.

899
00:49:51,000 --> 00:50:02,000
And that's obviously not taking time into account. But because we do additional stuff like, especially until like last September, when my availability changed quite heavily because of life events.

900
00:50:02,000 --> 00:50:07,000
We are still doing some software development here and there and that was also like bringing in some income.

901
00:50:07,000 --> 00:50:20,000
So those two things combined meant we are still turning a profit. But I think from that point on, I'm not even sure we've created a taxable event like a cash out event since last September is the validator because it gets to a point where like,

902
00:50:20,000 --> 00:50:30,000
at this price, it's not worth creating that event. It's not really, I mean, it could be worth compounding, but you are increasing your risk position potentially.

903
00:50:30,000 --> 00:50:42,000
I don't know, like, is it better to just like sit on the commission and wait for it and trust that you're going to keep, because like you say now, if you're going to keep running the networks, you've, you're making a bet already that they're going to become profitable in the future, right?

904
00:50:42,000 --> 00:50:50,000
So do you just sit on them and then wait for that commission to come back around but not create any taxable events in the meantime and just say, infra is a straight right off.

905
00:50:50,000 --> 00:51:00,000
That's kind of been our position. And then, you know, we're washing our faces of business by doing regular consulting. That's kind of what we're doing.

906
00:51:00,000 --> 00:51:14,000
And that now is actually to be fair, after replatforming almost everything that we run off of AWS, the great replatforming finishing last month.

907
00:51:14,000 --> 00:51:15,000
Nice.

908
00:51:15,000 --> 00:51:24,000
We now cover all our infrastructure costs just off of our consulting. So we actually do turn, we are, we're actually turning like a net profit just on that line of business again, which is.

909
00:51:24,000 --> 00:51:28,000
Do you not only delegate like two chains on Cosmos?

910
00:51:28,000 --> 00:51:35,000
We run about four chains because we're on Mars, Stargaze, Juno.

911
00:51:35,000 --> 00:51:36,000
Oh, you're in Mars.

912
00:51:36,000 --> 00:51:37,000
Yeah.

913
00:51:37,000 --> 00:51:38,000
Yeah, you'll get some.

914
00:51:38,000 --> 00:51:39,000
Genesis and Mars.

915
00:51:39,000 --> 00:51:40,000
Stargaze, Juno.

916
00:51:40,000 --> 00:51:41,000
Yeah.

917
00:51:41,000 --> 00:51:47,000
I think we've now come off the other chains that we were in on Cosmos. I think we're just on those three now.

918
00:51:47,000 --> 00:51:48,000
Yeah.

919
00:51:48,000 --> 00:51:55,000
Although they did get a weird bill from Hexen the other day that suggests that we still do run a passage box.

920
00:51:55,000 --> 00:51:57,000
That's halted, I think.

921
00:51:57,000 --> 00:51:58,000
Has it?

922
00:51:58,000 --> 00:51:59,000
I think so.

923
00:51:59,000 --> 00:52:02,000
I think it halted a few months ago, right? Is that right?

924
00:52:02,000 --> 00:52:03,000
Yeah.

925
00:52:03,000 --> 00:52:04,000
Yeah.

926
00:52:04,000 --> 00:52:06,000
I thought we was giving you exit.

927
00:52:06,000 --> 00:52:10,000
I thought we did, yeah, but maybe.

928
00:52:10,000 --> 00:52:11,000
Kill it.

929
00:52:11,000 --> 00:52:26,000
Maybe I haven't renamed that, maybe I haven't renamed that box, but I thought, I thought we had like a couple of monitoring boxes in Hexen, but then there's this weird line item that sort of looked like a coded way of saying that it was a server involved in passage in some way, but not trying to, you know.

930
00:52:26,000 --> 00:52:30,000
Get the ear up of the Hexen police, you know.

931
00:52:30,000 --> 00:52:41,000
So that is one example, right, that we left passage, but we didn't have any delegations whatsoever, so I had no problem leaving that.

932
00:52:41,000 --> 00:52:42,000
Yeah.

933
00:52:42,000 --> 00:52:43,000
It doesn't matter.

934
00:52:43,000 --> 00:52:44,000
Yeah.

935
00:52:44,000 --> 00:52:48,000
I mean, it's halted right now anyway, so it's been halted for, I don't know, three or four months or something like that.

936
00:52:48,000 --> 00:52:52,000
I mean, you have also reminded me to go and fucking double check that before I go on holiday.

937
00:52:52,000 --> 00:52:53,000
You should get rid of that thing.

938
00:52:53,000 --> 00:52:54,000
That's 45 years old.

939
00:52:54,000 --> 00:52:55,000
Same thing.

940
00:52:55,000 --> 00:52:58,000
Save the private key, dump everything else.

941
00:52:58,000 --> 00:52:59,000
Leave the cannolis.

942
00:52:59,000 --> 00:53:05,000
Yeah, blow the, blow the, send the private key into the solid.

943
00:53:05,000 --> 00:53:07,000
Scrub that hard drive.

944
00:53:07,000 --> 00:53:08,000
Exactly.

945
00:53:08,000 --> 00:53:09,000
All right.

946
00:53:09,000 --> 00:53:12,000
So we, do we determine, do we answer Bosco's question or no?

947
00:53:12,000 --> 00:53:13,000
Probably not.

948
00:53:13,000 --> 00:53:14,000
The answer is yes, you can do it.

949
00:53:14,000 --> 00:53:17,000
I think, I don't think it has an effect on other delegations.

950
00:53:17,000 --> 00:53:23,000
I think it's partly, responsibly, even if they're, even if it's, everything's worth nothing and whatever, whatever.

951
00:53:23,000 --> 00:53:28,000
What we, I think the conclusion is it depends on your definition of a good chain.

952
00:53:28,000 --> 00:53:31,000
Luckily, we will give you that definition.

953
00:53:31,000 --> 00:53:33,000
Episode 71.

954
00:53:33,000 --> 00:53:35,000
34 minutes time.

955
00:53:35,000 --> 00:53:36,000
So,

956
00:53:36,000 --> 00:53:45,000
So speaking of profitability, like I, I reckon there are like some chains where take Stargaze, for example, right?

957
00:53:45,000 --> 00:53:49,000
Like we got pretty heavy Stargaze bags as a validator.

958
00:53:49,000 --> 00:53:54,000
We make three times the amount in rewards than what we do in commission.

959
00:53:54,000 --> 00:54:01,000
We could probably happily fucking leave that and still have good exposure to that chain without taking up a slot.

960
00:54:01,000 --> 00:54:05,000
But I mean, I wouldn't because it's also a similar to noise.

961
00:54:05,000 --> 00:54:09,000
It's also a pretty, it's a low stress chain, right?

962
00:54:09,000 --> 00:54:11,000
Like a lot of work.

963
00:54:11,000 --> 00:54:22,000
And I think like contrary to some opinions in this fucking chat, the, I think that that chain will probably make it.

964
00:54:22,000 --> 00:54:23,000
Oh, I think so too.

965
00:54:23,000 --> 00:54:26,000
There's a pessimist amongst us who thinks that all the chains will fail.

966
00:54:26,000 --> 00:54:30,000
Well, no, I think the, the, so back to the MetaMask thing.

967
00:54:30,000 --> 00:54:39,000
And so we could talk a little bit more about what that means, but that idea and that plugin, I don't think anything defy that integration makes any sort of fucking difference.

968
00:54:39,000 --> 00:54:40,000
I really don't.

969
00:54:40,000 --> 00:54:44,000
Like those products exist elsewhere on also on low cost chains.

970
00:54:44,000 --> 00:54:46,000
There's lots of options for that.

971
00:54:46,000 --> 00:54:58,000
NFT marketplaces that have low costs and the ability to, like I could see that MetaMask integration actually really turning into something very positive for Stargaze and OmniFlex for that matter, but primarily Stargaze.

972
00:54:58,000 --> 00:54:59,000
Yeah, I think you're right.

973
00:54:59,000 --> 00:55:00,000
I think you're right.

974
00:55:00,000 --> 00:55:01,000
It makes a lot of sense for Stargaze.

975
00:55:01,000 --> 00:55:02,000
It does.

976
00:55:02,000 --> 00:55:08,000
Like it, it has a real benefit there, especially with the gas structure and the speed of transaction.

977
00:55:08,000 --> 00:55:11,000
I mean, the site looks, the site is hollow and ass.

978
00:55:11,000 --> 00:55:26,000
I really think that that integration has a good possibility, especially if NFTs show up in the app or in the, in the actual extension, I can see my NFTs, I can see Cosmos NFTs in the MetaMask extension, things like that, like that, that you're starting to get some cool stuff in that.

979
00:55:26,000 --> 00:55:28,000
So I'm excited about that and see if that happens.

980
00:55:28,000 --> 00:55:35,000
You know, I think, I think OmniFlex will also do well once they find their stride.

981
00:55:35,000 --> 00:55:40,000
Like, I think they need to do better with marketing to the target audience.

982
00:55:40,000 --> 00:55:43,000
I don't think users are their target audience.

983
00:55:43,000 --> 00:55:52,000
I think like media outlets and stuff like that are their target audience that they need to target better and, and market to better.

984
00:55:52,000 --> 00:56:00,000
But I think if they can actually like bring the right users to their platform, they will probably do well in the long run as well.

985
00:56:00,000 --> 00:56:01,000
And there's a,

986
00:56:01,000 --> 00:56:02,000
I'm just committed to it.

987
00:56:02,000 --> 00:56:05,000
Yeah, and there's such a ton of functionality there too.

988
00:56:05,000 --> 00:56:17,000
I have a harder time seeing the value out of OmniFlex versus Stargaze, not that I've anything against OmniFlex, but if they're like, what is their marketing to like media agencies, right?

989
00:56:17,000 --> 00:56:20,000
They're not marketing that they're like a federated YouTube.

990
00:56:20,000 --> 00:56:24,000
Like, so, so what's the value that they're really adding to being a platform?

991
00:56:24,000 --> 00:56:25,000
Yeah, well, that's it.

992
00:56:25,000 --> 00:56:31,000
They're not marketing the actual functionality, which is like a federated YouTube, right?

993
00:56:31,000 --> 00:56:32,000
Is that what it is though?

994
00:56:32,000 --> 00:56:42,000
If everything's an NFT and the ability to claim ownership and commission and structure around that, and you extend that to these other types of media things, I think that OmniFlex is building the ability to do that.

995
00:56:42,000 --> 00:56:48,000
To Null's point, how they market that and people understanding just how to be able to take advantage of it and use it.

996
00:56:48,000 --> 00:56:49,000
I think that's probably the gap, right?

997
00:56:49,000 --> 00:56:50,000
Like, like, what is that?

998
00:56:50,000 --> 00:56:51,000
Okay, that's cool.

999
00:56:51,000 --> 00:56:57,000
Now, realistically, other than me buying and selling NFT and having a marketplace, how do I use that?

1000
00:56:57,000 --> 00:56:58,000
Like, what do I do with that?

1001
00:56:58,000 --> 00:57:02,000
Right, like even from a video clip perspective, like who uses that and what's the structure around it?

1002
00:57:02,000 --> 00:57:11,000
Because now you're dealing with like transactions, not between NFT holders, but your transactions between organizations or between individuals and organizations or broadcasters and all that type of stuff.

1003
00:57:11,000 --> 00:57:16,000
And I think you start opening this Pandora's box of complexity, right?

1004
00:57:16,000 --> 00:57:22,000
There is 100% of gap between the market and the product.

1005
00:57:22,000 --> 00:57:23,000
Oh, yeah.

1006
00:57:23,000 --> 00:57:25,000
Which is, I mean, you can say that for all of Web3, right?

1007
00:57:25,000 --> 00:57:28,000
I mean, there's a lot of that, right?

1008
00:57:28,000 --> 00:57:31,000
But I think in that area, they're early for sure.

1009
00:57:31,000 --> 00:57:36,000
But the functionality is there and it's cool, especially like cross-chain FTs and all this type of shit.

1010
00:57:36,000 --> 00:57:38,000
There's a lot of cool stuff there.

1011
00:57:38,000 --> 00:57:46,000
It's just a matter of like what's going to be the compelling event that like really wakes people up and go, oh, shit, I can see, you know.

1012
00:57:46,000 --> 00:57:50,000
I mean, OmniFlix, they contribute to other things as well.

1013
00:57:50,000 --> 00:57:55,000
They more or less developed like StreamSort wrote with Osmosis.

1014
00:57:55,000 --> 00:57:56,000
Yeah, don't get me wrong.

1015
00:57:56,000 --> 00:57:58,000
I'm not speaking poorly on them.

1016
00:57:58,000 --> 00:57:59,000
I just, I guess.

1017
00:57:59,000 --> 00:58:01,000
Sounds like we're shitting on them, she'll say.

1018
00:58:01,000 --> 00:58:02,000
Yeah, exactly.

1019
00:58:02,000 --> 00:58:04,000
I just want to know more, right?

1020
00:58:04,000 --> 00:58:08,000
So if I think of the most popular apps for videos like TikTok, right?

1021
00:58:08,000 --> 00:58:12,000
Could OmniFlix be able to compete with TikTok in any way?

1022
00:58:12,000 --> 00:58:18,000
Like, would they be able to stream their videos like TikTok can?

1023
00:58:18,000 --> 00:58:20,000
Do they have it stored in such a way?

1024
00:58:20,000 --> 00:58:22,000
Do they have the same level of replication?

1025
00:58:22,000 --> 00:58:23,000
Can they do that?

1026
00:58:23,000 --> 00:58:24,000
I don't know.

1027
00:58:24,000 --> 00:58:25,000
Yeah, good question.

1028
00:58:25,000 --> 00:58:33,000
Like, could they build a mobile app that has the user experience of TikTok and then allow the ability for people to tip in Flix?

1029
00:58:33,000 --> 00:58:34,000
Like, that's a good question.

1030
00:58:34,000 --> 00:58:35,000
Could I stake on a video?

1031
00:58:35,000 --> 00:58:38,000
Because this guy is, right?

1032
00:58:38,000 --> 00:58:44,000
Could I stake Flix on a video knowing that the more views come happen, the more views that that person gets.

1033
00:58:44,000 --> 00:58:45,000
I take a piece of that.

1034
00:58:45,000 --> 00:58:46,000
Exactly.

1035
00:58:46,000 --> 00:58:50,000
The staking also raises where they are in the app, like, because they have more visibility.

1036
00:58:50,000 --> 00:58:55,000
The answer to the question is, do they have $50 to $60 million in the bank?

1037
00:58:55,000 --> 00:58:56,000
That's right.

1038
00:58:56,000 --> 00:58:57,000
Because I don't know.

1039
00:58:57,000 --> 00:58:59,000
Then the answer is NGMI.

1040
00:58:59,000 --> 00:59:01,000
Well, yes.

1041
00:59:01,000 --> 00:59:07,000
Or that somebody who does have that flexibility, somebody who has a vision for that looks at that and says,

1042
00:59:07,000 --> 00:59:10,000
I could totally see how this works like long term, right?

1043
00:59:10,000 --> 00:59:11,000
Sure.

1044
00:59:11,000 --> 00:59:12,000
But that is a big engine.

1045
00:59:12,000 --> 00:59:15,000
Like, that task there, that's a huge engineering thing.

1046
00:59:15,000 --> 00:59:16,000
For sure.

1047
00:59:16,000 --> 00:59:17,000
No, I'm trivial on that.

1048
00:59:17,000 --> 00:59:19,000
Like, it is, not really.

1049
00:59:19,000 --> 00:59:20,000
That's really hot.

1050
00:59:20,000 --> 00:59:21,000
Here's another example.

1051
00:59:21,000 --> 00:59:24,000
Awesome wasm is happening today and tomorrow, right?

1052
00:59:24,000 --> 00:59:26,000
Because we're not there.

1053
00:59:26,000 --> 00:59:27,000
But who's doing the ticketing?

1054
00:59:27,000 --> 00:59:28,000
OmniFlix does the ticketing, right?

1055
00:59:28,000 --> 00:59:31,000
And they did the same thing, I think, for Cosmo versus last year, right?

1056
00:59:31,000 --> 00:59:32,000
I didn't know that.

1057
00:59:32,000 --> 00:59:33,000
That's really cool.

1058
00:59:33,000 --> 00:59:35,000
So OmniFlix does the ticketing for that.

1059
00:59:35,000 --> 00:59:36,000
So you buy a ticket.

1060
00:59:36,000 --> 00:59:38,000
It's an NFT, blah, blah, blah.

1061
00:59:38,000 --> 00:59:40,000
It's a QR code, the whole thing.

1062
00:59:40,000 --> 00:59:41,000
Like, they run that whole thing.

1063
00:59:41,000 --> 00:59:42,000
That's fucking awesome.

1064
00:59:42,000 --> 00:59:43,000
Like, that's a great use case.

1065
00:59:43,000 --> 00:59:47,000
And we talked about ticketing as a great Web3 use case, because it's like a really good

1066
00:59:47,000 --> 00:59:51,000
use case of proving ownership and proving identity, number one, and number two.

1067
00:59:51,000 --> 00:59:53,000
And then being able to do transfers and all that stuff.

1068
00:59:53,000 --> 00:59:56,000
Like, it's a really good Web3 use case that they're executing on.

1069
00:59:56,000 --> 01:00:02,000
If you search, like, everybody, like, go search for Web, like, go search for, like,

1070
01:00:02,000 --> 01:00:05,000
ticketmaster competitors and tell me if OmniFlix shows up anywhere there.

1071
01:00:05,000 --> 01:00:06,000
Right?

1072
01:00:06,000 --> 01:00:08,000
Like, like, how do you do that?

1073
01:00:08,000 --> 01:00:10,000
That's a difficult one.

1074
01:00:10,000 --> 01:00:17,000
There's a ticketing platform on Ethereum.

1075
01:00:17,000 --> 01:00:20,000
They're doing a pretty good job of marketing.

1076
01:00:20,000 --> 01:00:25,000
And, like, if OmniFlix have that product and it's functional and comparable, you know,

1077
01:00:25,000 --> 01:00:26,000
that's something they should market.

1078
01:00:26,000 --> 01:00:31,000
And that's something that you don't need a huge build out of a CDN and everything in

1079
01:00:31,000 --> 01:00:33,000
an app to be able to do.

1080
01:00:33,000 --> 01:00:38,000
Like, that's well within their wheelhouse to be able to make a good UX on that type of

1081
01:00:38,000 --> 01:00:39,000
product.

1082
01:00:39,000 --> 01:00:43,000
And maybe they won't like, I mean, can you compete and beat Ticketmaster at this?

1083
01:00:43,000 --> 01:00:45,000
I mean, fuck, probably not.

1084
01:00:45,000 --> 01:00:46,000
But can you?

1085
01:00:46,000 --> 01:00:55,000
No, like you can, because, you know, there's, there might be a industry whale, right?

1086
01:00:55,000 --> 01:00:57,000
But it doesn't mean they're not beatable.

1087
01:00:57,000 --> 01:01:00,000
It just means that you need to fucking muscle your way in there.

1088
01:01:00,000 --> 01:01:07,000
So what makes Ticketmaster successful is partnerships and agreements, right?

1089
01:01:07,000 --> 01:01:14,000
So you have to stop thinking about this product as a decentralized thing that's just going

1090
01:01:14,000 --> 01:01:15,000
to happen.

1091
01:01:15,000 --> 01:01:21,000
And you need to start thinking about it as a project that you need to aggressively market

1092
01:01:21,000 --> 01:01:25,000
and form partnerships with IRL companies.

1093
01:01:25,000 --> 01:01:27,000
To evangelize.

1094
01:01:27,000 --> 01:01:33,000
And yeah, you need to take your product and fucking stick it where it needs to be used

1095
01:01:33,000 --> 01:01:39,000
and talk to the people who need to use it and make an agreement with them that's more,

1096
01:01:39,000 --> 01:01:44,000
you know, that's competitive with the industry stalwarts.

1097
01:01:44,000 --> 01:01:48,000
You can't just be like, we've got the thing, come use it.

1098
01:01:48,000 --> 01:01:50,000
Not denying that.

1099
01:01:50,000 --> 01:01:51,000
I agree.

1100
01:01:51,000 --> 01:01:54,000
It's just, it's a, it's a, that is a hard road, right?

1101
01:01:54,000 --> 01:01:58,000
When you have, when you have an organization that might have agreements with every single

1102
01:01:58,000 --> 01:02:05,000
property owner in this country for an event venue that might own multiple venues, which

1103
01:02:05,000 --> 01:02:09,000
means that you're, and those agreements might be five, 10 years in length, right?

1104
01:02:09,000 --> 01:02:12,000
Like, I totally agree with you in that fair market type situation.

1105
01:02:12,000 --> 01:02:15,000
I'm just saying, like, some of these things are, you're working so negative, but again,

1106
01:02:15,000 --> 01:02:17,000
that's have to start with like.

1107
01:02:17,000 --> 01:02:19,000
They do have one thing going for them, right?

1108
01:02:19,000 --> 01:02:26,000
Which is the typically like large incumbents like Ticketmaster, they buy their competitors,

1109
01:02:26,000 --> 01:02:27,000
right?

1110
01:02:27,000 --> 01:02:30,000
And that's how they stay the incumbent, right?

1111
01:02:30,000 --> 01:02:35,000
And in the, in a lot of cases where these incumbents are like, why does every fucking company in

1112
01:02:35,000 --> 01:02:39,000
the world use Oracle MyHR even though it's the worst piece of shit in the universe?

1113
01:02:39,000 --> 01:02:41,000
Because they buy all their competitors, right?

1114
01:02:41,000 --> 01:02:44,000
So there's no alternative MyHR, right?

1115
01:02:44,000 --> 01:02:50,000
I worked for a large cooperative ones and I was, I was like, Hey, look, if you want to

1116
01:02:50,000 --> 01:02:56,000
IQ 9000 play, build an alternative to MyHR, like, like re, re, re, reca, re-restruct,

1117
01:02:56,000 --> 01:03:01,000
re-structure yourselves as a software company, build a competitor to MyHR.

1118
01:03:01,000 --> 01:03:03,000
Oracle can't buy you.

1119
01:03:03,000 --> 01:03:07,000
And Oracle know they can't compete with you, which is why they would try and buy you.

1120
01:03:07,000 --> 01:03:12,000
But you are a cooperative, so you are not purchasable in the traditional sense.

1121
01:03:12,000 --> 01:03:16,000
So you could just take that market, you could take a significant chunk of that market if

1122
01:03:16,000 --> 01:03:19,000
you executed well, because everybody hates MyHR.

1123
01:03:19,000 --> 01:03:22,000
Your big problem is it's going to take five years for people's commercial agreements with

1124
01:03:22,000 --> 01:03:24,000
Oracle to run out.

1125
01:03:24,000 --> 01:03:26,000
And you're going to have a hard sales road.

1126
01:03:26,000 --> 01:03:28,000
But hey, good news, you're a cooperative.

1127
01:03:28,000 --> 01:03:30,000
You don't answer to shareholders.

1128
01:03:30,000 --> 01:03:34,000
You can literally wait out that time as long as you keep the costs under control and you

1129
01:03:34,000 --> 01:03:37,000
have that roadmap in place for how you're going to do the sales.

1130
01:03:37,000 --> 01:03:39,000
You need to really think about this as a sales process.

1131
01:03:39,000 --> 01:03:43,000
Obviously, this was literally me spitballing in the fucking, in the cafeteria.

1132
01:03:43,000 --> 01:03:44,000
Like it never went anywhere.

1133
01:03:44,000 --> 01:03:48,000
There's no, no business leader would have the vision to, to bank millions of pounds on this

1134
01:03:48,000 --> 01:03:49,000
suggestion.

1135
01:03:49,000 --> 01:03:53,000
I am right, by the way, that this would have 100.

1136
01:03:53,000 --> 01:03:58,000
I reckon, I reckon literally you want, you want a two million pound idea, a two billion

1137
01:03:58,000 --> 01:03:59,000
pound idea.

1138
01:03:59,000 --> 01:04:00,000
Sorry.

1139
01:04:00,000 --> 01:04:04,000
There it is, which is that a major cooperative should reconfigure themselves as a software

1140
01:04:04,000 --> 01:04:06,000
cooperative and compete with MyHR.

1141
01:04:06,000 --> 01:04:07,000
There you go.

1142
01:04:07,000 --> 01:04:08,000
It's free.

1143
01:04:08,000 --> 01:04:09,000
It's just on this podcast.

1144
01:04:09,000 --> 01:04:10,000
Thanks for listening to Game of Nodes.

1145
01:04:10,000 --> 01:04:11,000
Don't forget like and subscribe.

1146
01:04:11,000 --> 01:04:15,000
But ticketing is a really good example where you don't, it's like a similar thing from

1147
01:04:15,000 --> 01:04:18,000
a different approach, which is it's a direct consumer use case.

1148
01:04:18,000 --> 01:04:19,000
Yes.

1149
01:04:19,000 --> 01:04:20,000
Where Shorthy's rugging us.

1150
01:04:20,000 --> 01:04:21,000
Enjoy your tree cutting.

1151
01:04:21,000 --> 01:04:22,000
Yep.

1152
01:04:22,000 --> 01:04:23,000
See you folks.

1153
01:04:23,000 --> 01:04:24,000
Have fun.

1154
01:04:24,000 --> 01:04:27,000
We're because it's direct to consumer.

1155
01:04:27,000 --> 01:04:32,320
Actually, the, the, the model that you, that maybe is most relevant to a chain in that

1156
01:04:32,320 --> 01:04:35,000
space or a product in this space is not that it's decentralized.

1157
01:04:35,000 --> 01:04:37,000
I think that's garbage anywhere.

1158
01:04:37,000 --> 01:04:42,000
I don't think, what is the definition decentralized in our current market anyway, whatever, but

1159
01:04:42,000 --> 01:04:45,000
maybe it's more like a consumer cooperative whereby holding the token.

1160
01:04:45,000 --> 01:04:47,000
Yeah, you are an owner.

1161
01:04:47,000 --> 01:04:51,000
You know, what is, what is literally number one of the cooperative principles.

1162
01:04:51,000 --> 01:04:53,000
Member economic participation.

1163
01:04:53,000 --> 01:04:58,000
And then, and then if you think about it, it's like, okay, this is actually a ticketing cooperative

1164
01:04:58,000 --> 01:05:02,000
that won't be bought out or intimidated by a ticketmaster.

1165
01:05:02,000 --> 01:05:09,000
And once then go as a cooperative with some spokespeople and negotiate with the venues

1166
01:05:09,000 --> 01:05:12,000
to say, hey, you also need to work with us too.

1167
01:05:12,000 --> 01:05:18,000
We have a million members in four different countries, 40 different countries, 100 different

1168
01:05:18,000 --> 01:05:20,000
countries, whatever.

1169
01:05:20,000 --> 01:05:24,000
And then that narrative is a lot more understandable, I think, to a traditional business venture.

1170
01:05:24,000 --> 01:05:26,000
People know what cooperatives are.

1171
01:05:26,000 --> 01:05:29,000
People know what those kind of organizational structures are.

1172
01:05:29,000 --> 01:05:35,000
If you just go, you know, a bunch of nerds on the internet is the Sadao, is a venue going to take you seriously?

1173
01:05:35,000 --> 01:05:42,000
It's like, it's, it's, it's, it's, it's how you communicate that those venues that are bricks

1174
01:05:42,000 --> 01:05:48,000
and mortar that run a very traditional business model, but the, you know, ticketing doesn't

1175
01:05:48,000 --> 01:05:51,000
have those venues, they're the key to the whole party, right?

1176
01:05:51,000 --> 01:05:59,000
How should people in a very legacy industry treat you in a very new industry, like you're not a joke

1177
01:05:59,000 --> 01:06:02,000
given that a lot of people in our industry are a joke?

1178
01:06:02,000 --> 01:06:04,000
How do you bridge that gap?

1179
01:06:04,000 --> 01:06:05,000
Right?

1180
01:06:05,000 --> 01:06:06,000
It's all, it's all communication.

1181
01:06:06,000 --> 01:06:08,000
It's not the tech, all that stuff.

1182
01:06:08,000 --> 01:06:10,000
I think like, like anything else has to start small and it works up.

1183
01:06:10,000 --> 01:06:17,000
So you start with smaller venues, you start with stuff like this, you get involved in other types of groups that put together events

1184
01:06:17,000 --> 01:06:23,000
and you start working it in small areas, not made out of venue perspective, but more of a platform that people use to get together.

1185
01:06:23,000 --> 01:06:35,000
And you find ways that, that software moves forward and forward and you build up, you don't take, you don't try to take over, you know, a massive event or a venue with that.

1186
01:06:35,000 --> 01:06:39,000
You have to start with years and years of smaller events and keep growing and keep growing.

1187
01:06:39,000 --> 01:06:47,000
It has to start with a set of, with a, with marketing, I mean, that's a product.

1188
01:06:47,000 --> 01:06:48,000
I mean, that is a product company, right?

1189
01:06:48,000 --> 01:06:51,000
That's a company itself, much less what everything else at OmniFlix is trying to do.

1190
01:06:51,000 --> 01:06:58,000
Like that ticketing piece, that's a product that could get funded, that could have its own marketing and name and everything else.

1191
01:06:58,000 --> 01:07:00,000
And it's blah, blah, blah, like there's a whole thing there.

1192
01:07:00,000 --> 01:07:06,000
But again, are you building a product or are you building tools for people to be able to use?

1193
01:07:06,000 --> 01:07:09,000
And those are two different strategies, I think, right?

1194
01:07:09,000 --> 01:07:17,000
So, I mean, it's a tool that anybody can use and OmniFlix built it and it works great and it's run by Web3.

1195
01:07:17,000 --> 01:07:23,000
And there's a, I mean, to be able to say that, I mean, the idea of having a ticketing thing is pretty cool.

1196
01:07:23,000 --> 01:07:30,000
But the proof of either having tickets to an event or viewing an event or other types of things, like there's a, you can extend that out to a lot of other use cases too.

1197
01:07:30,000 --> 01:07:38,000
So, but again, that's a whole product business in itself that I think you could go fund and try to build a whole organization around.

1198
01:07:38,000 --> 01:07:44,000
But again, I don't know how, does somebody doing that or is it just a tool set that's out there?

1199
01:07:44,000 --> 01:07:45,000
I don't know.

1200
01:07:45,000 --> 01:07:50,000
I built an event system once for a contract, so I could do it again, but...

1201
01:07:50,000 --> 01:07:51,000
There you go.

1202
01:07:51,000 --> 01:07:52,000
There you go, bud.

1203
01:07:52,000 --> 01:07:53,000
Events on Twitter.

1204
01:07:53,000 --> 01:07:55,000
You should do it on the Twitter.

1205
01:07:55,000 --> 01:08:03,000
Yeah, well, yeah, but if we're going for like, yeah, things that we built once but could build again, we've got ticketing system, we've got a lot of...

1206
01:08:03,000 --> 01:08:05,000
A long and set list.

1207
01:08:05,000 --> 01:08:11,000
Yeah, I worked on a WhatsApp competitor once, so you know, like WhatsApp on the blockchain, we could do that.

1208
01:08:11,000 --> 01:08:16,000
Except we can't because blockchain's way too slow, but then you shouldn't put your data on the blockchain anyway.

1209
01:08:16,000 --> 01:08:18,000
It's really bad use case for that.

1210
01:08:18,000 --> 01:08:24,000
But economic system, like, so it's basically, whatever, you know, fuck it.

1211
01:08:24,000 --> 01:08:25,000
Fuck it.

1212
01:08:25,000 --> 01:08:26,000
Hey.

1213
01:08:26,000 --> 01:08:27,000
Fuck it.

1214
01:08:27,000 --> 01:08:28,000
Fuck it.

1215
01:08:28,000 --> 01:08:29,000
The problem is...

1216
01:08:29,000 --> 01:08:30,000
Is this a very negative episode?

1217
01:08:30,000 --> 01:08:32,000
I feel like it's a little bit negative.

1218
01:08:32,000 --> 01:08:33,000
Are we negative?

1219
01:08:33,000 --> 01:08:34,000
Or is it just...

1220
01:08:34,000 --> 01:08:38,000
I think I was looking back, like, we've got to episode 70.

1221
01:08:38,000 --> 01:08:39,000
That's kind of cool.

1222
01:08:39,000 --> 01:08:40,000
It is cool.

1223
01:08:40,000 --> 01:08:49,000
But I am kind of aware that we are a full year on from when we really started having...

1224
01:08:49,000 --> 01:08:55,000
Because we got over the shock of Luna and I think we'd really started having the, oh shit, this is a bear, it's going to be around for a long time.

1225
01:08:55,000 --> 01:08:59,000
Conversations on the poddo.

1226
01:08:59,000 --> 01:09:02,000
It really has been a year.

1227
01:09:02,000 --> 01:09:04,000
So it's...

1228
01:09:04,000 --> 01:09:07,000
Yeah, maybe there's a bit of that energy in the air.

1229
01:09:07,000 --> 01:09:08,000
I don't know.

1230
01:09:08,000 --> 01:09:09,000
I don't know.

1231
01:09:09,000 --> 01:09:13,000
For what it's worth, I feel fucking pretty alright.

1232
01:09:13,000 --> 01:09:16,000
Because I'm fucking taking a holiday tomorrow.

1233
01:09:16,000 --> 01:09:21,000
So we're working 14-hour days to clear the fucking decks and set up all the monitoring.

1234
01:09:21,000 --> 01:09:22,000
And...

1235
01:09:22,000 --> 01:09:23,000
Exciting.

1236
01:09:23,000 --> 01:09:24,000
It's going to be fucking great.

1237
01:09:24,000 --> 01:09:28,000
I am pretty excited to touch some grass in September.

1238
01:09:28,000 --> 01:09:29,000
With a...

1239
01:09:29,000 --> 01:09:31,000
That's too long away, sir.

1240
01:09:31,000 --> 01:09:37,000
Six-day fucking hiking trek in the mountains of Tasmania.

1241
01:09:37,000 --> 01:09:39,000
God, it's Tasmania.

1242
01:09:39,000 --> 01:09:40,000
I've been there once.

1243
01:09:40,000 --> 01:09:41,000
I like that.

1244
01:09:41,000 --> 01:09:43,000
Carry your house on your back.

1245
01:09:43,000 --> 01:09:45,000
Eat more.

1246
01:09:45,000 --> 01:09:49,000
Sounds worse when you say it like that.

1247
01:09:49,000 --> 01:09:51,000
Oh yeah, I guess you've got to wait a bit.

1248
01:09:51,000 --> 01:09:55,000
Because it's presumably really fucking cold right now.

1249
01:09:55,000 --> 01:09:57,000
Yeah, I think September it's still cold.

1250
01:09:57,000 --> 01:09:59,000
It's not as snowy.

1251
01:09:59,000 --> 01:10:04,000
We actually just bought snow shoes from fucking Spain of all places.

1252
01:10:04,000 --> 01:10:07,000
Because we intend to do some war.

1253
01:10:07,000 --> 01:10:09,000
You know there's a lot of mountains in Spain, right?

1254
01:10:09,000 --> 01:10:10,000
Spain?

1255
01:10:10,000 --> 01:10:14,000
Yeah, it's just that buying snow shoes in Spain.

1256
01:10:14,000 --> 01:10:17,000
And I think that it is potentially...

1257
01:10:17,000 --> 01:10:20,000
Well, it must be off season now, right?

1258
01:10:20,000 --> 01:10:22,000
It's fucking Spain right now.

1259
01:10:22,000 --> 01:10:23,000
Yes.

1260
01:10:23,000 --> 01:10:25,000
So when you're looking at...

1261
01:10:25,000 --> 01:10:28,000
We looked at the local stores in Melbourne.

1262
01:10:28,000 --> 01:10:35,000
And it was like 500 kangabugs to buy a pair of snow shoes, right?

1263
01:10:35,000 --> 01:10:36,000
It's fucking insane.

1264
01:10:36,000 --> 01:10:38,000
And then...

1265
01:10:38,000 --> 01:10:40,000
Wait, 500 kangabugs.

1266
01:10:40,000 --> 01:10:44,000
That's like still $300?

1267
01:10:44,000 --> 01:10:48,000
I don't know man, I don't work in freedom bucks.

1268
01:10:48,000 --> 01:10:52,000
Well, the rest of the world and all of crypto does.

1269
01:10:52,000 --> 01:10:58,000
So to buy them and ship the fucking things to Australia from Spain was like 200 bucks.

1270
01:10:58,000 --> 01:10:59,000
Jesus.

1271
01:10:59,000 --> 01:11:02,000
How special are these boots?

1272
01:11:02,000 --> 01:11:04,000
Exactly the same fucking things.

1273
01:11:04,000 --> 01:11:07,000
Well, they're like, you know, they're things you walk on fucking snow with.

1274
01:11:07,000 --> 01:11:08,000
So I don't know.

1275
01:11:08,000 --> 01:11:09,000
You don't have any of those there?

1276
01:11:09,000 --> 01:11:11,000
I think you said there was some snow there.

1277
01:11:11,000 --> 01:11:12,000
Yeah, there is.

1278
01:11:12,000 --> 01:11:13,000
So they've got boots in the shop.

1279
01:11:13,000 --> 01:11:15,000
They're just fucking insanely expensive.

1280
01:11:15,000 --> 01:11:16,000
Oh, okay.

1281
01:11:16,000 --> 01:11:17,000
Yeah.

1282
01:11:17,000 --> 01:11:19,000
So we bought them in Spain less than half the price.

1283
01:11:19,000 --> 01:11:21,000
Only took like a week to get here.

1284
01:11:21,000 --> 01:11:22,000
So...

1285
01:11:22,000 --> 01:11:23,000
What's that about?

1286
01:11:23,000 --> 01:11:25,000
Anyway, the point is we bought them.

1287
01:11:25,000 --> 01:11:32,000
And so we're going to go do a hiking and camping in the snow around the Alps here, around Melbourne.

1288
01:11:32,000 --> 01:11:38,000
And then we're also going to do some back country snowboarding.

1289
01:11:38,000 --> 01:11:40,000
So that'll be interesting.

1290
01:11:40,000 --> 01:11:41,000
Back country snowboarding.

1291
01:11:41,000 --> 01:11:42,000
Yeah.

1292
01:11:42,000 --> 01:11:47,000
Yeah, you stick your snowboard on your back, you fucking walk up the hill and then you ride your snowboard back down.

1293
01:11:47,000 --> 01:11:48,000
That's cool.

1294
01:11:48,000 --> 01:11:49,000
Yeah.

1295
01:11:49,000 --> 01:11:51,000
I think like the proper way to do it is with a split board.

1296
01:11:51,000 --> 01:11:55,000
You like actually split it in half and put the...

1297
01:11:55,000 --> 01:11:56,000
Is that called skis?

1298
01:11:56,000 --> 01:11:57,000
...skins on them.

1299
01:11:57,000 --> 01:11:59,000
So you just fucking up the hill.

1300
01:11:59,000 --> 01:12:00,000
Oh, okay.

1301
01:12:00,000 --> 01:12:01,000
I got you.

1302
01:12:01,000 --> 01:12:05,000
I didn't really realize you could do that with anything other than telemarked skis, but...

1303
01:12:05,000 --> 01:12:10,000
Yeah, they got like special bindings, which you're... is attached around your toes.

1304
01:12:10,000 --> 01:12:15,000
So your heel lifts and then you just kick your skis up the hill or your snowboard.

1305
01:12:15,000 --> 01:12:18,000
So it's exactly like back country skiing because you just...

1306
01:12:18,000 --> 01:12:19,000
Yeah, so a telemark.

1307
01:12:19,000 --> 01:12:20,000
...snap your board in half.

1308
01:12:20,000 --> 01:12:24,000
That's telemarked skis, but weirdly for a snowboard.

1309
01:12:24,000 --> 01:12:28,000
Yeah, so your snowboard's got a joint down the guts of it and it's like...

1310
01:12:28,000 --> 01:12:33,000
But I'm sure it's got two different bindings because the snowboard bindings are like there and there, whereas the telemark...

1311
01:12:33,000 --> 01:12:34,000
Yeah, so you...

1312
01:12:34,000 --> 01:12:42,000
You clip your bindings off the way you're using them for cross country and then you clip them back on to use them as a snowboard.

1313
01:12:42,000 --> 01:12:44,000
Will that get enough perch?

1314
01:12:44,000 --> 01:12:48,000
Oh, I guess, yeah, because they kind of go around the bottom, don't they, for telemark?

1315
01:12:48,000 --> 01:12:51,000
They put the gut clip, don't they?

1316
01:12:51,000 --> 01:12:52,000
The gut?

1317
01:12:52,000 --> 01:12:56,000
Yeah, it used to be animal gut or something, didn't it?

1318
01:12:56,000 --> 01:13:02,000
You know the thing that you put around the bottom of the ski when you're going uphill, where it's like...

1319
01:13:02,000 --> 01:13:06,000
Yeah, the skins, you put them on and they grip backwards.

1320
01:13:06,000 --> 01:13:15,000
So every time you put the thing down, it catches like a claw, like a spike, like a barb, a barb.

1321
01:13:15,000 --> 01:13:17,000
The word I'm looking for is barb, barb.

1322
01:13:17,000 --> 01:13:20,000
You know, like you'd have a barb, so it's unidirectional.

1323
01:13:20,000 --> 01:13:24,000
You know, like some mammals have like a barb penis.

1324
01:13:24,000 --> 01:13:26,000
Just a shoe form.

1325
01:13:26,000 --> 01:13:27,000
It's just...

1326
01:13:27,000 --> 01:13:31,000
I've been working really long days to get my shit together.

1327
01:13:31,000 --> 01:13:34,000
So whatever.

1328
01:13:34,000 --> 01:13:36,000
It's like an animal's penis, but on your feet.

1329
01:13:36,000 --> 01:13:39,000
It's like an animal's penis, but on your feet, yeah.

1330
01:13:39,000 --> 01:13:41,000
You know what? Why not? Let's go with that.

1331
01:13:41,000 --> 01:13:42,000
Why not?

1332
01:13:42,000 --> 01:13:46,000
I too am going hiking, but not in the snow, in the sunshine.

1333
01:13:46,000 --> 01:13:48,000
Is that like something you do often?

1334
01:13:48,000 --> 01:13:51,000
We do it all the time. I fucking love hiking.

1335
01:13:51,000 --> 01:14:00,000
It is something that my other half, my better half's family do more of, and she is a big proponent of.

1336
01:14:00,000 --> 01:14:06,000
But I think the hills and mountains in the UK are a bit boring and small.

1337
01:14:06,000 --> 01:14:12,000
So you've got insane fucking mountains in Europe just across the way.

1338
01:14:12,000 --> 01:14:21,000
So that is where I am going, is to go to the French Alps where they have Billy Big Bull's mountains.

1339
01:14:21,000 --> 01:14:24,000
Did you get a little infant backpack thing?

1340
01:14:24,000 --> 01:14:26,000
Yeah, baby strats.

1341
01:14:26,000 --> 01:14:27,000
Oh, on the front.

1342
01:14:27,000 --> 01:14:31,000
Rucky on the back. So I already did. We went to a conference.

1343
01:14:31,000 --> 01:14:33,000
This is probably too small still for the back, actually.

1344
01:14:33,000 --> 01:14:36,000
Yeah, we went to it. He's still got to go on the front.

1345
01:14:36,000 --> 01:14:45,000
Went to a conference with the lads from Artifact and obviously met Earthman as well from Lavi.

1346
01:14:45,000 --> 01:14:50,000
Lavi Sanko and did that trip as well.

1347
01:14:50,000 --> 01:14:55,000
Ben on the front, Dag on the back, Barlman in my hand, you know, Classico.

1348
01:14:55,000 --> 01:14:59,000
So doing that again tomorrow.

1349
01:14:59,000 --> 01:15:02,000
It's gonna be interesting.

1350
01:15:02,000 --> 01:15:04,000
Like, you've got some time off.

1351
01:15:04,000 --> 01:15:06,000
I guess you're gonna stay at home, right?

1352
01:15:06,000 --> 01:15:12,000
Because you've got the small one and I'm like, no, I'm gonna travel 1100 miles tomorrow.

1353
01:15:12,000 --> 01:15:15,000
And they're like, oh, right, you flying.

1354
01:15:15,000 --> 01:15:18,000
Okay, that's, you know, there can be a point of pain on the plane that age.

1355
01:15:18,000 --> 01:15:24,000
And I'm like, no, mate, getting four trains across two countries.

1356
01:15:24,000 --> 01:15:26,000
A train on the sea.

1357
01:15:26,000 --> 01:15:28,000
And I'm gonna be carrying him.

1358
01:15:28,000 --> 01:15:32,000
And people are like, are you, how are you carrying the buggy?

1359
01:15:32,000 --> 01:15:35,000
And you're like, I don't own a buggy, mate.

1360
01:15:35,000 --> 01:15:37,000
I am the buggy.

1361
01:15:37,000 --> 01:15:38,000
I am.

1362
01:15:38,000 --> 01:15:40,000
I am the buggy now.

1363
01:15:40,000 --> 01:15:42,000
I am the buggy.

1364
01:15:42,000 --> 01:15:45,000
I am the saddle.

1365
01:15:45,000 --> 01:15:53,000
So the way I like to think about this is, you know, the old cavalry thing where it's like the horse, the saddle, the man.

1366
01:15:53,000 --> 01:15:54,000
Yeah.

1367
01:15:54,000 --> 01:15:55,000
Right?

1368
01:15:55,000 --> 01:15:56,000
Yeah.

1369
01:15:56,000 --> 01:15:57,000
I'm the fucking horse now.

1370
01:15:57,000 --> 01:15:58,000
I am the horse.

1371
01:15:58,000 --> 01:15:59,000
You are the horse.

1372
01:15:59,000 --> 01:16:00,000
Finally.

1373
01:16:00,000 --> 01:16:01,000
Yes.

1374
01:16:01,000 --> 01:16:02,000
Finally in life, I have.

1375
01:16:02,000 --> 01:16:03,000
You are.

1376
01:16:03,000 --> 01:16:05,000
Eventually they will be the horse, but right now you are the horse.

1377
01:16:05,000 --> 01:16:06,000
Yes, that's correct.

1378
01:16:06,000 --> 01:16:07,000
You are the donkey.

1379
01:16:07,000 --> 01:16:08,000
You're the donkey.

1380
01:16:08,000 --> 01:16:13,000
Okay, but right now I am the most important piece of logistical equipment in the pyramid

1381
01:16:13,000 --> 01:16:15,000
and will be respected as such.

1382
01:16:15,000 --> 01:16:19,000
I mean, you're creating a situation where you are the most important piece in the pyramid,

1383
01:16:19,000 --> 01:16:20,000
but yes, that's correct.

1384
01:16:20,000 --> 01:16:22,000
I mean, ultimately you're now the most important piece in the pyramid.

1385
01:16:22,000 --> 01:16:24,000
But yes, the system is rigged.

1386
01:16:24,000 --> 01:16:29,000
Then of course, if there's one thing I've learned from crypto is yes, the system is rigged,

1387
01:16:29,000 --> 01:16:32,000
but you need to rig it in your favor.

1388
01:16:32,000 --> 01:16:38,000
Actually, one thing when the little man does get older, we had like those, the backpack

1389
01:16:38,000 --> 01:16:40,000
ones where he could sit, where he could sit like up here.

1390
01:16:40,000 --> 01:16:46,000
So they backpack, but like his ass is like right at your bottom of your shoulder.

1391
01:16:46,000 --> 01:16:47,000
Minimum heights.

1392
01:16:47,000 --> 01:16:48,000
Yeah.

1393
01:16:48,000 --> 01:16:51,000
He's like, I think, I mean, you get strapped in there pretty good.

1394
01:16:51,000 --> 01:16:55,000
I would say probably 18 months, maybe two years, something like that.

1395
01:16:55,000 --> 01:17:00,000
I'm hoping next year we'll be there, but then I'm going to get my shit over.

1396
01:17:00,000 --> 01:17:01,000
Oh, there's a bag.

1397
01:17:01,000 --> 01:17:02,000
Well, sure.

1398
01:17:02,000 --> 01:17:05,000
At the moment, I've got like, I've got like, because I'm carrying a bunch of other shit.

1399
01:17:05,000 --> 01:17:06,000
I'm carrying.

1400
01:17:06,000 --> 01:17:09,000
Well, you could put that in your front, but like, but when he gets older, he's not going

1401
01:17:09,000 --> 01:17:11,000
to want to sit facing you and he's going to be like, right?

1402
01:17:11,000 --> 01:17:14,000
Or you have one where they spin around where he's like underneath you, but facing up.

1403
01:17:14,000 --> 01:17:19,000
The last trip I did it where he was in, you know, looking at one, but facing out.

1404
01:17:19,000 --> 01:17:20,000
Yeah.

1405
01:17:20,000 --> 01:17:23,000
And this one, hoping to get him to sleep more.

1406
01:17:23,000 --> 01:17:24,000
So actually, they face a man.

1407
01:17:24,000 --> 01:17:25,000
Yeah.

1408
01:17:25,000 --> 01:17:29,000
In one of those, you know, ones with the almost like, you know, the mummy hood where it's like.

1409
01:17:29,000 --> 01:17:30,000
Yeah.

1410
01:17:30,000 --> 01:17:32,000
But the backpack ones are a ton of fun.

1411
01:17:32,000 --> 01:17:37,560
Like those, we had, we, I shit, we sold it like a bunch of years ago, but we did tons

1412
01:17:37,560 --> 01:17:38,560
of hikes with those things.

1413
01:17:38,560 --> 01:17:44,000
And like, I even had two kids stacked in there at one time just to get on a horrible hill.

1414
01:17:44,000 --> 01:17:46,000
But, but like they loved it.

1415
01:17:46,000 --> 01:17:47,000
They're extremely comfortable.

1416
01:17:47,000 --> 01:17:49,000
And then it's like the weights off you.

1417
01:17:49,000 --> 01:17:52,000
And you want to go like, if you're going hiking, you have both hands for you and they're not

1418
01:17:52,000 --> 01:17:53,000
in front of you.

1419
01:17:53,000 --> 01:17:56,000
So, and you can even if you fell forward or something like that, it's not like, you know,

1420
01:17:56,000 --> 01:17:58,000
there's less danger there and those types of things.

1421
01:17:58,000 --> 01:17:59,000
But yeah, highly recommend it.

1422
01:17:59,000 --> 01:18:01,000
That's in my future.

1423
01:18:01,000 --> 01:18:02,000
Yeah.

1424
01:18:02,000 --> 01:18:03,000
Highly recommended.

1425
01:18:03,000 --> 01:18:04,000
Yeah.

1426
01:18:04,000 --> 01:18:05,000
Gonna have to work on the logistics of that one.

1427
01:18:05,000 --> 01:18:11,000
So anyway, whatever my exciting fucking holiday trains involved, there will be train chat

1428
01:18:11,000 --> 01:18:14,000
when I get back after a miss next week's show.

1429
01:18:14,000 --> 01:18:17,000
Hey, so we didn't talk about awesome wisdom at all.

1430
01:18:17,000 --> 01:18:19,000
Yeah, it was supposed to be awesome.

1431
01:18:19,000 --> 01:18:20,000
Yes, today and today.

1432
01:18:20,000 --> 01:18:25,000
And I was gonna, I was gonna join from, from hip and happening Berlin.

1433
01:18:25,000 --> 01:18:27,000
What happened?

1434
01:18:27,000 --> 01:18:31,000
But the, at the moment, I kind of have a day job.

1435
01:18:31,000 --> 01:18:37,000
So it just like the logistics of I like, I like money.

1436
01:18:37,000 --> 01:18:39,000
And it looked pretty good.

1437
01:18:39,000 --> 01:18:41,000
There's a lot of people there.

1438
01:18:41,000 --> 01:18:42,000
I saw the busy.

1439
01:18:42,000 --> 01:18:43,000
I was kind of bummed out.

1440
01:18:43,000 --> 01:18:48,000
And we had, we had, I had a few people messaging being like, at the game of nerds boys, going

1441
01:18:48,000 --> 01:18:49,000
to be awesome.

1442
01:18:49,000 --> 01:18:50,000
Okay.

1443
01:18:50,000 --> 01:18:51,000
A couple of people.

1444
01:18:51,000 --> 01:18:52,000
I didn't hear about until today.

1445
01:18:52,000 --> 01:18:55,000
So no friends of the show were like, are you, you guys actually here?

1446
01:18:55,000 --> 01:18:58,000
And I was like, sorry, we're not here.

1447
01:18:58,000 --> 01:19:02,000
But maybe we can get friend of the show that is there.

1448
01:19:02,000 --> 01:19:08,000
I think off top of my head, I know that Spoo, I'm just gonna dox a bunch of people there.

1449
01:19:08,000 --> 01:19:09,000
So I think Spoo's there.

1450
01:19:09,000 --> 01:19:10,000
Heart now it's there.

1451
01:19:10,000 --> 01:19:11,000
Jake's there.

1452
01:19:11,000 --> 01:19:12,000
Shane's there.

1453
01:19:12,000 --> 01:19:13,000
Yeah.

1454
01:19:13,000 --> 01:19:14,000
Son is there.

1455
01:19:14,000 --> 01:19:19,000
I mean, you can find without me next week, you could just do a fucking mega chads episode.

1456
01:19:19,000 --> 01:19:22,000
Do a run down, break it down.

1457
01:19:22,000 --> 01:19:23,000
Break it down.

1458
01:19:23,000 --> 01:19:27,000
Dude, get the straight dope from good idea from Berlin.

1459
01:19:27,000 --> 01:19:32,000
There probably is a straight dope probably is a drug smuggling hotspot.

1460
01:19:32,000 --> 01:19:33,000
Actually.

1461
01:19:33,000 --> 01:19:34,000
So that's maybe not the correct.

1462
01:19:34,000 --> 01:19:35,000
Yeah.

1463
01:19:35,000 --> 01:19:36,000
It would, it would really make it.

1464
01:19:36,000 --> 01:19:40,000
I wouldn't surprise it because you think about the geographical location of Berlin.

1465
01:19:40,000 --> 01:19:43,000
As you know, wait, Rotterdam is the big one, isn't it?

1466
01:19:43,000 --> 01:19:44,000
Is it Rotterdam?

1467
01:19:44,000 --> 01:19:46,000
That's the big one for drugs?

1468
01:19:46,000 --> 01:19:48,000
Rotterdam and Antwerp are the big ones for drugs.

1469
01:19:48,000 --> 01:19:49,000
I don't know.

1470
01:19:49,000 --> 01:19:50,000
Could be.

1471
01:19:50,000 --> 01:19:51,000
Yeah.

1472
01:19:51,000 --> 01:19:52,000
I think so.

1473
01:19:52,000 --> 01:19:56,000
Anyway, I've just realized we haven't yet done the draw tweet the week.

1474
01:19:56,000 --> 01:19:58,000
So good timing.

1475
01:19:58,000 --> 01:20:00,000
Oh, we forget.

1476
01:20:00,000 --> 01:20:01,000
Excellent.

1477
01:20:01,000 --> 01:20:05,000
The section is the boys.

1478
01:20:05,000 --> 01:20:06,000
Okay.

1479
01:20:06,000 --> 01:20:14,000
Me and some extremely crude boys in a pickup truck scream hipster at some kids lemonade stand,

1480
01:20:14,000 --> 01:20:17,000
then crash into a turtle and eat shit hard.

1481
01:20:17,000 --> 01:20:18,000
Turtle.

1482
01:20:18,000 --> 01:20:19,000
Yeah.

1483
01:20:19,000 --> 01:20:21,000
The turtle, I didn't see the turtle coming.

1484
01:20:21,000 --> 01:20:24,000
And neither did they, I think, which is the story.

1485
01:20:24,000 --> 01:20:26,000
I thought we got rid of the surprise.

1486
01:20:26,000 --> 01:20:28,000
There's, I mean, there's, there's just every.

1487
01:20:28,000 --> 01:20:30,000
Why do we keep doing this?

1488
01:20:30,000 --> 01:20:36,000
Coming back from war.

1489
01:20:36,000 --> 01:20:38,000
So were you talking about the drill tweets?

1490
01:20:38,000 --> 01:20:41,000
Overall, we're talking about.

1491
01:20:41,000 --> 01:20:47,000
Drinking always touch an awkward moment like there's at least a minute of silence afterwards

1492
01:20:47,000 --> 01:20:50,000
where there is trying to contemplate or just happened.

1493
01:20:50,000 --> 01:20:52,000
What the fuck just happened?

1494
01:20:52,000 --> 01:20:53,000
Wow.

1495
01:20:53,000 --> 01:20:54,000
Just happened.

1496
01:20:54,000 --> 01:20:55,000
What happened?

1497
01:20:55,000 --> 01:20:57,000
We're just hanging out here.

1498
01:20:57,000 --> 01:20:58,000
Oh my goodness.

1499
01:20:58,000 --> 01:21:00,000
Yeah.

1500
01:21:00,000 --> 01:21:04,000
So it's good to just, to just, you know, introduce a bit of, in a bit of awkward silence into

1501
01:21:04,000 --> 01:21:05,000
the conversation.

1502
01:21:05,000 --> 01:21:12,000
So yeah, in conclusion, baby carriers stock riding high.

1503
01:21:12,000 --> 01:21:19,000
Currently every chain we validate on stock, not riding so high, but that's, that's also

1504
01:21:19,000 --> 01:21:20,000
good.

1505
01:21:20,000 --> 01:21:22,000
I mean, obviously other than like apps, they're still doing pretty well.

1506
01:21:22,000 --> 01:21:24,000
So, you know, can't complain.

1507
01:21:24,000 --> 01:21:25,000
Can't complain.

1508
01:21:25,000 --> 01:21:27,000
Can complain.

1509
01:21:27,000 --> 01:21:33,000
I've been, I've been fighting with, uh, been setting up a bunch of nodes for other networks.

1510
01:21:33,000 --> 01:21:38,000
So this week I've worked on optimism, avalanche, polygon, arbitrum.

1511
01:21:38,000 --> 01:21:41,000
What are you setting up nodes there for?

1512
01:21:41,000 --> 01:21:45,000
Despite the fact that optimism is not actually that bad a network.

1513
01:21:45,000 --> 01:21:48,000
The fact is called optimism every time I say it, I'm just like, hope you.

1514
01:21:48,000 --> 01:21:50,000
It's all hope you.

1515
01:21:50,000 --> 01:21:51,000
Optimism.

1516
01:21:51,000 --> 01:21:52,000
Yeah.

1517
01:21:52,000 --> 01:21:56,000
I mean, they're all very, they're not all that straightforward and they don't really

1518
01:21:56,000 --> 01:21:59,000
prune and so they're a bit unwieldy.

1519
01:21:59,000 --> 01:22:04,000
Um, like for instance, like polygon has both a tendermint chain and EVM chain or like,

1520
01:22:04,000 --> 01:22:07,000
which I didn't really recognize before I really got into it.

1521
01:22:07,000 --> 01:22:11,000
And the tenement chain, like there was like, you can, I think they have some default structure.

1522
01:22:11,000 --> 01:22:13,000
Like it's really, it's extremely modified.

1523
01:22:13,000 --> 01:22:17,000
But I think the, the, I think the chain there's like 300 gigs or something like that to be

1524
01:22:17,000 --> 01:22:22,000
able to get going on the EVM side that, that, that, um, which, which is, I said this morning

1525
01:22:22,000 --> 01:22:27,000
I, I fat fingered a fucking command and fucked up 40 hours of, of work.

1526
01:22:27,000 --> 01:22:32,000
And that, that thing that I did is that there is a 1.5 terabyte snapshot.

1527
01:22:32,000 --> 01:22:37,000
Um, and that 1.5 terabyte snapshot comes down and then gets extracted to like 8 million

1528
01:22:37,000 --> 01:22:42,000
fucking files at like three, three and a half, four terabytes or something like that.

1529
01:22:42,000 --> 01:22:46,000
And I thought it was doing a, I have a script that runs that basically pulls that down and

1530
01:22:46,000 --> 01:22:47,000
extracts it on the stuff.

1531
01:22:47,000 --> 01:22:53,000
Shit, I thought it was just doing a Shaw check on the files before it extract and I accidentally

1532
01:22:53,000 --> 01:22:58,000
I meant to hit a key command that I used to jump between screens and I hit command C and it killed it.

1533
01:22:58,000 --> 01:23:03,000
And so I had to go back and like the extraction itself is a 12 hour job.

1534
01:23:03,000 --> 01:23:08,000
Like just a, I'm fucking do two terabytes or three terabytes of fucking shit.

1535
01:23:08,000 --> 01:23:11,000
So anyway, I don't know all that stuff is, it's all history, right?

1536
01:23:11,000 --> 01:23:15,000
So what you're saying is if you hadn't scripted it, but you were copy and pasting individual commands,

1537
01:23:15,000 --> 01:23:17,000
it might have actually been quicker.

1538
01:23:17,000 --> 01:23:20,000
I really set out, I was looking at it.

1539
01:23:20,000 --> 01:23:22,000
I was like, why the fuck is this doing this?

1540
01:23:22,000 --> 01:23:25,000
And then I was going to jump into the screen and look at it and I fucked it up and then that was it.

1541
01:23:25,000 --> 01:23:26,000
So now I had to restart it.

1542
01:23:26,000 --> 01:23:27,000
Now it's extracting again.

1543
01:23:27,000 --> 01:23:31,000
So you are trying to join these other networks as well.

1544
01:23:31,000 --> 01:23:37,000
No, this one, uh, these are, um, uh, we're a chain link operator.

1545
01:23:37,000 --> 01:23:38,000
Yeah.

1546
01:23:38,000 --> 01:23:39,000
So chain link things.

1547
01:23:39,000 --> 01:23:43,000
So, so, uh, chain link is launching it for folks to know that there's a, they're launching

1548
01:23:43,000 --> 01:23:48,000
something called CCIP, which is basically a chain link, a bridge between networks that

1549
01:23:48,000 --> 01:23:53,000
is going to get, it's got picked up by Swift and a couple other, couple other ones, which

1550
01:23:53,000 --> 01:23:54,000
looks very positive.

1551
01:23:54,000 --> 01:23:56,000
And we're not a CCIP member.

1552
01:23:56,000 --> 01:24:15,000
We're not running the bridge, but we're running a structure that allows for the...