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They forget about the thing growing up and then like it

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essentially blows up and just you just hear like a bang.

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And then next time you open the cupboard to get shit out of

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the cupboard, fucking cider everywhere, man, sucks.

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I've done that with key for it.

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Right.

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I used to store it right behind my couch.

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Why behind my couch?

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Because I was in college.

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And so the back of my couch was covered in like milk key for

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just everywhere.

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So that couch had to go because it was coming out.

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Steps where it takes step back.

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Sorry, what the fuck?

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Wait, did you actually brew cider or was it just like a sink full

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of like unclean dishes that was this was just fermenting at its own?

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Welcome to Game of Nodes, a weekly podcast from independent

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validated teams.

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Hello, and welcome to Game of Nodes, a weekly podcast from

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independent validator teams.

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And on this week's episode, we want to kick off and immediately

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start talking about the bizarre team tactics from team Yumbo

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Visma in the last two stages of the world to Spain.

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What was Jonas Fingegard doing on stage 16 when he started

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opening up a gap with three kilometers to go?

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Is GC Coos a meme or is it a dream?

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Shorty, what do you think is happening in the DS camp at

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Yumbo Visma right now?

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Well, I assume these are all words.

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But I can't quite identify.

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No idea what the fuck you're talking about.

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Like none.

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Is that the title?

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Prescripted.

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Okay, so that I just assumed was real.

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I have no idea.

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Of course, the the Fuelta, which is currently happening.

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But yeah, a little bit of internecine warfare looks like

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it's taking hold.

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It'd be interesting to see what happens there.

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You guys kind of have a dog in the fight, right?

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Because the current Red Jersey race leader is Sepp Coos,

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Yankee Doodle, you know, the Durango kid.

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What are we talking about?

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Durango, that's a place in America somewhere.

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What are we talking about?

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Are we talking about a sport?

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Are we talking about?

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I have a feeling this is a cycling reference.

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Is it a cycling reference?

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It has to be.

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For some reason, I feel like it was F1.

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I don't know why.

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No, F1, some people know about.

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Like there was actually recognizable names on F1.

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You said the word Sepp Coos.

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Sepp Coos, the name you said?

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Sepp Coos, yeah.

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See that one's that one's actually Googleable.

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I had to figure that one.

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I had to figure out it was going to be like Bob Smith or something.

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Sepp Coos. Yeah.

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That's the name. He's a cyclist.

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OK, that's quite the name.

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Sepp Coos and Sepp SEPP.

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Double P. SEPP.

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So close to that.

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C USS K USS.

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K USS so close to piss spilled backwards.

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Almost.

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Piss.

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It's sup.

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Sup piss.

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I'm not sure that that.

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Oh, yeah.

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You're close enough with that you can say that, right?

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Yeah, just go down to the cafe.

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Hey, Sepp.

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Yeah, Sepp Coos.

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I assume he lives in Andorra, like most professional cyclists

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for tax and altitude reasons.

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But but yeah, he's American.

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Yeah, yeah, that's why I said he's from Derango.

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Yeah.

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I see somewhere high in America.

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It's in Wyoming.

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I think is what we're talking about.

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Yeah. Wyoming.

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That's is Wyoming a high state.

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I mean, it can be.

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Yeah, I mean, yeah, it's quite high because in the Rockies,

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it's definitely the rockies.

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He's known as a climber.

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So that would be if you'd grown up an altitude that would.

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6500 feet.

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So yeah, it's up to you.

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So yeah, it's up there.

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What's that real money?

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2000 meters.

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A little bit more.

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Yeah.

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Okay. 2000.

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That's pretty fucking high.

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That's like top of an Alp high.

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Okay. So no wonder he's quite a good climber if you fucking grew

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up in the in the bloody mountains.

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Yeah, literally with no accident.

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Just going up.

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Yeah.

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He's just used to having no oxygen at all any of the time.

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Anyway, Drango's in Colorado, though.

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Is it?

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Is there Durango, Wyoming as well?

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I looked up Durango, Wyoming, because I didn't recognize it.

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I'm from Wyoming, you know, and.

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Oh, no, you're right.

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Colorado.

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My bad.

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My bad.

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You're right.

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It's Colorado.

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I got excited for a moment there.

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I was like, wow, someone that's actually from Wyoming.

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No, you're from Wyoming.

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Somebody's from Wyoming doing something.

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I got excited for a moment.

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I was like, wow, my people.

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It's just out there in the world.

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Not a bear or something.

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Yeah.

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All our stories are about bears.

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My, although this is not relevant, we should move on to the news in a second.

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My favorite thing that's happened in cycling in the last couple of years was with in the

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Olympics, right?

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The British coverage is super strange, right?

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We only ever get medals in a couple of sports, but cycling is one of them.

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One of the ones that we won was Cross Mountain Biking.

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The guy that won that thing is about 20 years old, something like that.

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His name's Tom Pickock.

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He happens to be a road cyclist and he's very good despite being very, very young, but

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he's not really like a household name.

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They had this interview with his parents where they were obviously pissed with their friends

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at a pub in Yorkshire, right?

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They were very Yorkshire people.

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They're very, very plain spoken.

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They're just like shenanigans going on in the background and stuff like this.

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Halfway through the interview, something just falls over in back of shot.

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It was amazing.

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The best thing was the interviewers obviously were just knocking through whenever a British

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person won a medal.

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They were just like, oh, quickly, interview the family.

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They had none of the background.

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They just figured out this guy's 19 years old.

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He probably lives with his parents.

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This is a real shock.

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They have no idea that he's probably on a 2 million euro contract.

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Lives in Andorra, is a professional cyclist, has done a couple of seasons, has won some

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pretty major one day races.

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They interview his parents who all of their children are really sporty in some way.

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They're like rowers or they're on the development team for gymnastics, for Team GB or something.

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All of the kids are.

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There's these two parents.

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They're just like, oh, so it's very hot in Japan.

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Did Tom have the heat training tents that Team GB gave out?

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Did he put it up in the garden?

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Then his mum's just like, oh, I expected to put it up in his flat in Andorra where he

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bloody lives kind of thing.

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It was great.

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Then there's obviously between shots.

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You could tell the dad was just surreptitiously swinging for a bite of beer.

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At the end of the interview, somebody had put some flowers and stuff in the edge of

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the shot.

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There's like a congratulations, I guess, while they were talking.

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Then everything just tipped over really slowly like that.

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Just as they were saying goodbye, it was a shambles.

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It was great.

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Speaking of shambles, our new section, courtesy of Rama, was supposed to be live delivered

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by Rama today, but I gather he's having technical issues, which is why I'm having to hastily

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cover with some phrase favorite cycling moments for the last three years.

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My screen keeps going blue.

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I can share some cycling moments too.

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The world record for racing the Great Divide, which is a 2700 mile bike route from Canada

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to Mexico, just got beat.

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It's 12 days and 12 hours.

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Like 17 minutes is the new record.

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So he averaged like 250 miles per day.

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That's what from the border of the border, is that what we said?

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It's from Banff, Canada to the border of Mexico.

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Yeah.

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Going down the Rockies.

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That's a true.

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How many miles a day?

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250 miles a day.

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And insane amount.

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I mean, you're going.

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Mostly downhill, right?

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No.

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No.

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So you're starting off at Banff, which means you are.

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You're pretty high.

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You're quite high.

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Yeah.

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And you climb over the Rockies in Wyoming, come back down, climb over the Rockies in

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Colorado, come back down, New Mexico, come back down.

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That's what it's.

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I think, wait, Idaho, Montana, Wyoming, Colorado, New Mexico.

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Insane amount of climbing.

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12 days, 12 hours.

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00:08:31,600 --> 00:08:32,600
Absolutely outrageous.

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That's like the new cannonball, huh?

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That's like the.

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00:08:36,840 --> 00:08:38,840
It's the cyclist cannonball.

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00:08:38,840 --> 00:08:39,840
Yeah.

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That's totally crazy.

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00:08:40,840 --> 00:08:41,840
It is crazy.

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00:08:41,840 --> 00:08:43,080
And the way he did it, here's how he did it.

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00:08:43,080 --> 00:08:46,600
He didn't think he'd win the record, but he was like, I figured I'd try this new thing

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00:08:46,600 --> 00:08:51,520
where I would ride my bike for 48 hours straight and then I would sleep for 12 hours.

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00:08:51,520 --> 00:08:53,760
And then I'd just repeated that a couple of times.

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Perfect.

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Because he did good.

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00:08:55,760 --> 00:08:56,760
Yeah.

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It's pretty straightforward.

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00:08:57,760 --> 00:08:58,760
Yeah.

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00:08:58,760 --> 00:09:04,360
I was like, I'm going to ride a lot and then I'm going to sleep.

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00:09:04,360 --> 00:09:05,360
Yeah.

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00:09:05,360 --> 00:09:09,120
There's a pretty devastating.

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00:09:09,120 --> 00:09:10,920
It's the interesting documentary.

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00:09:10,920 --> 00:09:11,920
It's kind of low key.

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00:09:11,920 --> 00:09:13,680
It's like very low budget.

231
00:09:13,680 --> 00:09:16,760
It's called something like, oh, what's it called?

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00:09:16,760 --> 00:09:21,440
On board the transcontinental race, I think, which is despite.

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00:09:21,440 --> 00:09:25,240
I was on the edge of my seat.

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00:09:25,240 --> 00:09:29,120
I was on the edge of the continent of Europe, say three day, 4,000 mile.

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I think it's three days.

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00:09:30,120 --> 00:09:31,320
It's something like three or four days.

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00:09:31,320 --> 00:09:33,080
Oh, no, no, it's got to be more than that.

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00:09:33,080 --> 00:09:35,080
I think three or four days is the quickest time people do it.

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00:09:35,080 --> 00:09:36,760
I think it's about 4,000 kilometers.

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00:09:36,760 --> 00:09:39,840
But there's really hard cut off time.

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00:09:39,840 --> 00:09:45,960
And if you're just a bit not fit enough to really be doing it, the cut off time is such

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00:09:45,960 --> 00:09:50,640
that you will probably do it on that day and you'll probably arrive on that day, but you

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00:09:50,640 --> 00:09:54,400
will miss the cut because the cut is like early evening.

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00:09:54,400 --> 00:10:02,280
So on that final day, if you've paced it badly, you will be like 50 kilometers too slow.

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00:10:02,280 --> 00:10:06,440
And it happens to loads of people who are just not quite fit enough to do it in the

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00:10:06,440 --> 00:10:07,840
time cut.

247
00:10:07,840 --> 00:10:12,080
And this documentary covers like three years of it, just following some riders and following

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00:10:12,080 --> 00:10:16,240
like because I think the founder had died shortly before, had been hit by a car and

249
00:10:16,240 --> 00:10:17,240
died.

250
00:10:17,240 --> 00:10:24,240
And that's why they sort of crowdfunded this film about this DIY race, basically, because

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00:10:24,240 --> 00:10:30,320
they were like, yeah, maybe look left before you turn in case there's a cyclist.

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And also here's a cool event in his documentary in honor of the guy that died.

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But yeah, they cover about three years of it because of COVID.

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I think they were going to do two years of it and then they ended up having like a big

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00:10:41,240 --> 00:10:43,160
gap or something like that.

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00:10:43,160 --> 00:10:47,720
But every time people miss the time gap by like a really small amount after being on

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00:10:47,720 --> 00:10:51,680
their bike nonstop for a week and sleeping like three hours a night and stuff.

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It's brutal.

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00:10:52,680 --> 00:10:55,640
I don't know why it's, it's paced.

260
00:10:55,640 --> 00:11:01,400
It must be like, it must be like if you can ride like 200 watts or like whatever that

261
00:11:01,400 --> 00:11:06,040
is in watts per kilo for most people, like I don't know if you can ride like 2.4 watts

262
00:11:06,040 --> 00:11:09,440
per kilo constantly forever, you won't make the time cut.

263
00:11:09,440 --> 00:11:13,600
But if you ride 2.5 or it must be like something like they've just, there's something about

264
00:11:13,600 --> 00:11:14,600
the average.

265
00:11:14,600 --> 00:11:18,200
It just means that it, like if you're pretty fit, you'll fail.

266
00:11:18,200 --> 00:11:24,040
But if you're, you've trained your, your, your proverbials off, then you'll be fine.

267
00:11:24,040 --> 00:11:25,040
I don't know.

268
00:11:25,040 --> 00:11:26,760
But it's really sad.

269
00:11:26,760 --> 00:11:32,160
Like when you, the great divides a heck of a lot of fun to watch because, you know, they're

270
00:11:32,160 --> 00:11:34,040
in the mountains most times, you don't have reception.

271
00:11:34,040 --> 00:11:38,400
And so they, everyone has like the garment and reach, which tracks them the entire time.

272
00:11:38,400 --> 00:11:41,200
And then you get on a, they're on a webpage that you can see.

273
00:11:41,200 --> 00:11:45,120
And from like day one, you'll start seeing people flip from orange where like they're

274
00:11:45,120 --> 00:11:49,080
active to gray where now they're just a tourer, they're no longer a race.

275
00:11:49,080 --> 00:11:50,080
Just toast.

276
00:11:50,080 --> 00:11:51,080
Yeah.

277
00:11:51,080 --> 00:11:52,080
Yeah.

278
00:11:52,080 --> 00:11:55,960
There was a documentary about the great divide on Netflix, wasn't there?

279
00:11:55,960 --> 00:12:02,840
I don't know about Netflix, but yeah, there was one that followed Lauren, I believe.

280
00:12:02,840 --> 00:12:04,760
Is that ride the divide?

281
00:12:04,760 --> 00:12:05,760
Yeah.

282
00:12:05,760 --> 00:12:06,760
I'll put a link.

283
00:12:06,760 --> 00:12:07,760
They're crazy.

284
00:12:07,760 --> 00:12:12,760
They'll, they'll, the people that do the great divide, they'll prep by riding from like

285
00:12:12,760 --> 00:12:17,520
wherever they came from, so a lot of people will ride from like Juneau, Alaska down to

286
00:12:17,520 --> 00:12:20,520
BAM for like Florida to BAM.

287
00:12:20,520 --> 00:12:24,120
And you're like, okay, so you're just going to do like a 3000 mile warmup ride?

288
00:12:24,120 --> 00:12:25,120
Great.

289
00:12:25,120 --> 00:12:26,120
Perfect.

290
00:12:26,120 --> 00:12:27,120
Smart.

291
00:12:27,120 --> 00:12:28,120
I mean, that sounds like fun, man.

292
00:12:28,120 --> 00:12:31,280
It would, but Jesus God, that means like you're riding for two months.

293
00:12:31,280 --> 00:12:39,120
I mean, yeah, if that bull market had gone a bit better, where would Brady now?

294
00:12:39,120 --> 00:12:40,120
Yeah.

295
00:12:40,120 --> 00:12:45,920
I would have been riding in the mountains with a, with a Garmin and a bike in a packet

296
00:12:45,920 --> 00:12:46,920
of Chris probably.

297
00:12:46,920 --> 00:12:50,720
Although probably not actually because I ended up having a baby, so it'd be really

298
00:12:50,720 --> 00:12:51,720
irresponsible.

299
00:12:51,720 --> 00:12:52,720
Just to sort out some things.

300
00:12:52,720 --> 00:12:56,600
No, you probably can't, you can't just, you can't just lash a baby to the back of the

301
00:12:56,600 --> 00:12:57,600
bike.

302
00:12:57,600 --> 00:12:59,040
That's not a sensible thing.

303
00:12:59,040 --> 00:13:01,000
Well, you could do a cargo bike.

304
00:13:01,000 --> 00:13:03,240
Like one guy, he raced the great divide with his dog.

305
00:13:03,240 --> 00:13:04,760
Get this dog out of here, really?

306
00:13:04,760 --> 00:13:06,000
I, I, let me pull it up.

307
00:13:06,000 --> 00:13:07,320
I swear to God.

308
00:13:07,320 --> 00:13:11,040
So I know for a fact that there, somebody has completed.

309
00:13:11,040 --> 00:13:16,120
So there's a nine day event in the UK called the lands and to John a growth.

310
00:13:16,120 --> 00:13:17,120
It's like not too bad.

311
00:13:17,120 --> 00:13:22,200
It's like whatever 130 kilometers a day and Britain's not that hilly.

312
00:13:22,200 --> 00:13:28,920
But I know I'm pretty certain that somebody a couple of years ago rode it on a tandem where

313
00:13:28,920 --> 00:13:34,920
their young child was on the back as a non peddling tandem rider.

314
00:13:34,920 --> 00:13:39,400
And then there was a trailer behind, I think with their baby.

315
00:13:39,400 --> 00:13:44,040
And then their wife was, I think maybe also with the trailer, I think they had three kids.

316
00:13:44,040 --> 00:13:45,160
It was insane.

317
00:13:45,160 --> 00:13:48,640
This whole family like did it.

318
00:13:48,640 --> 00:13:49,960
Citation needed on that one.

319
00:13:49,960 --> 00:13:52,080
But I think they also got their own.

320
00:13:52,080 --> 00:13:57,400
So one of somebody I know rode a hill climb race.

321
00:13:57,400 --> 00:14:00,640
They were a hill climber before they became a mom.

322
00:14:00,640 --> 00:14:06,240
And they rode a hill climb race when their daughter was a year old with their daughter

323
00:14:06,240 --> 00:14:09,800
in a buggy behind the race, behind the bike.

324
00:14:09,800 --> 00:14:16,200
And in time trials and regulated time trials, most of them whimsically as a relic from when

325
00:14:16,200 --> 00:14:21,080
this was a thing and like the 1910s or whatever, they have a separate category that you automatically

326
00:14:21,080 --> 00:14:23,720
get put in if you turn up on a tandem.

327
00:14:23,720 --> 00:14:29,040
A lot of regulation time trials can't technically stop you from lining up if you line up on

328
00:14:29,040 --> 00:14:30,040
a tandem.

329
00:14:30,040 --> 00:14:31,560
On the second of the day, it was a thing, right?

330
00:14:31,560 --> 00:14:33,040
You just get put into your own category.

331
00:14:33,040 --> 00:14:39,000
So if you turn up with your baby daughter in a pulley thing and it's got wheels, they

332
00:14:39,000 --> 00:14:41,280
just go, I guess it's a tandem.

333
00:14:41,280 --> 00:14:46,160
And then you end up winning the tandem category as the only entrance.

334
00:14:46,160 --> 00:14:51,520
So there's a time trial out in the Peak District that has like a standing record for the tandem

335
00:14:51,520 --> 00:14:55,720
and it's been set by this lady and a daughter, which is quite funny.

336
00:14:55,720 --> 00:14:56,720
That's pretty fun.

337
00:14:56,720 --> 00:14:57,720
That's cool.

338
00:14:57,720 --> 00:14:58,720
Yeah, they're like.

339
00:14:58,720 --> 00:15:01,720
They're like, I'm not tired of my resume.

340
00:15:01,720 --> 00:15:02,720
Yeah.

341
00:15:02,720 --> 00:15:07,120
I was just looking at you brought up this.

342
00:15:07,120 --> 00:15:08,120
I was looking up.

343
00:15:08,120 --> 00:15:11,040
I remember like some other story similar that with the dog on the back of the bike.

344
00:15:11,040 --> 00:15:15,000
I remember somebody doing the same thing with like walking across the United States.

345
00:15:15,000 --> 00:15:16,000
Forest gum.

346
00:15:16,000 --> 00:15:18,000
No, it wasn't forest.

347
00:15:18,000 --> 00:15:19,000
Forest did that too, right?

348
00:15:19,000 --> 00:15:20,000
But it wasn't that a plot point.

349
00:15:20,000 --> 00:15:21,000
That's a good point.

350
00:15:21,000 --> 00:15:26,400
That was I was looking at Subway Sean, which I think was like around the, I remember this

351
00:15:26,400 --> 00:15:31,920
guy from, I think it was around the pandemic who walked from New York to LA, but only ate

352
00:15:31,920 --> 00:15:34,880
at Subway sandwich locations like the whole way.

353
00:15:34,880 --> 00:15:38,640
It was 176 days of just walking and subway.

354
00:15:38,640 --> 00:15:41,320
I remember this because he was live streaming like every day because he just walked literally

355
00:15:41,320 --> 00:15:42,320
like down.

356
00:15:42,320 --> 00:15:48,160
I mean, so Subway is one of my go to meals for when I do like long bike packing rides

357
00:15:48,160 --> 00:15:49,480
that and Taco Bell.

358
00:15:49,480 --> 00:15:51,640
Taco Bell is like the best.

359
00:15:51,640 --> 00:15:52,640
Oh yeah.

360
00:15:52,640 --> 00:15:54,400
Cause it has a really little glycemic index.

361
00:15:54,400 --> 00:15:58,400
So like if you need energy now, you eat some Taco Bell and like you're ready to rock right

362
00:15:58,400 --> 00:15:59,400
now.

363
00:15:59,400 --> 00:16:03,080
But Subway is actually great like value for money for like calories.

364
00:16:03,080 --> 00:16:04,080
Yeah.

365
00:16:04,080 --> 00:16:05,080
That's fun.

366
00:16:05,080 --> 00:16:08,440
Yeah, but you need like the right calories as well.

367
00:16:08,440 --> 00:16:11,720
I mean, yeah, I'm not saying it's part of this complete breakfast, right?

368
00:16:11,720 --> 00:16:13,760
I'm just saying like going on.

369
00:16:13,760 --> 00:16:14,760
Yeah.

370
00:16:14,760 --> 00:16:18,520
But this is why Belgium is the best place to do long distance cycling because weirdly

371
00:16:18,520 --> 00:16:22,560
they have a big expat Italian community.

372
00:16:22,560 --> 00:16:28,200
And so everywhere like not because of Italian people everywhere will serve you a carbonara

373
00:16:28,200 --> 00:16:30,080
in Belgium like almost all of Wallonia.

374
00:16:30,080 --> 00:16:34,840
They're just like everywhere just serve spaghetti carbonara, right?

375
00:16:34,840 --> 00:16:36,680
And then the beer is bottle conditioned.

376
00:16:36,680 --> 00:16:42,240
So it actually does have some nutrients in it and it's isotonic because it's beer, right?

377
00:16:42,240 --> 00:16:43,240
So it's okay.

378
00:16:43,240 --> 00:16:44,560
It's a little bit dehydrating.

379
00:16:44,560 --> 00:16:46,200
Let's just put a pin in that one.

380
00:16:46,200 --> 00:16:51,440
Yes, it is 9% which is not good for your hand like coordination, but one or two at lunchtime.

381
00:16:51,440 --> 00:16:52,600
I mean, come on.

382
00:16:52,600 --> 00:16:53,600
Come on.

383
00:16:53,600 --> 00:16:54,600
Come on.

384
00:16:54,600 --> 00:16:55,600
Again, you're burning that off.

385
00:16:55,600 --> 00:16:56,600
Yeah.

386
00:16:56,600 --> 00:16:57,600
Exactly.

387
00:16:57,600 --> 00:16:58,600
I'm just saying, you know.

388
00:16:58,600 --> 00:16:59,600
Seems like a good time.

389
00:16:59,600 --> 00:17:00,600
Where'd you do it?

390
00:17:00,600 --> 00:17:01,600
Stop for chocolate.

391
00:17:01,600 --> 00:17:04,600
I mean, that's great to chocolate.

392
00:17:04,600 --> 00:17:06,680
I mean, chocolate is just legit straight up.

393
00:17:06,680 --> 00:17:08,360
Super good for the long rides.

394
00:17:08,360 --> 00:17:09,360
I mean, just sugar.

395
00:17:09,360 --> 00:17:10,360
You just want carbohydrate, right?

396
00:17:10,360 --> 00:17:15,160
On a super long ride, you just the closer it is to raw sugar.

397
00:17:15,160 --> 00:17:19,040
Actually if you make your own flapjacks, that's the winning because you can put multiple

398
00:17:19,040 --> 00:17:25,280
types of sugar in, so you put like brown sugar and then muscovado sugar and then one of them

399
00:17:25,280 --> 00:17:30,520
will act differently from the other, I guess.

400
00:17:30,520 --> 00:17:31,520
For pancakes?

401
00:17:31,520 --> 00:17:32,520
Wait, what?

402
00:17:32,520 --> 00:17:33,520
What are you saying to me, right?

403
00:17:33,520 --> 00:17:35,040
Is that different from a flapjack and a pancake?

404
00:17:35,040 --> 00:17:36,040
I thought those were the same thing.

405
00:17:36,040 --> 00:17:37,040
No, wait, what?

406
00:17:37,040 --> 00:17:40,760
No, flapjack is a cake made of oats.

407
00:17:40,760 --> 00:17:41,760
Oh, not here.

408
00:17:41,760 --> 00:17:42,760
Yeah, not here.

409
00:17:42,760 --> 00:17:43,760
Same thing here.

410
00:17:43,760 --> 00:17:48,960
Flapjack is like you get oats and you get golden syrup and then you add sugar and then

411
00:17:48,960 --> 00:17:51,560
whatever you want to it and then you bake it.

412
00:17:51,560 --> 00:17:52,560
That's a flapjack.

413
00:17:52,560 --> 00:17:53,560
It's an oat paste.

414
00:17:53,560 --> 00:17:54,560
That sounds awesome.

415
00:17:54,560 --> 00:17:56,560
I'm going to look at the recipe for that right now.

416
00:17:56,560 --> 00:18:03,280
I can give you mine, my man, although I think they're about 800 calories per flapjack because

417
00:18:03,280 --> 00:18:06,640
they're for long distance cycling.

418
00:18:06,640 --> 00:18:08,960
I normally go with oatmeal scotchies for that.

419
00:18:08,960 --> 00:18:09,960
You go for what?

420
00:18:09,960 --> 00:18:10,960
Oatmeal scotchies.

421
00:18:10,960 --> 00:18:13,360
It's like an oatmeal cookie with butter scotch chips in them.

422
00:18:13,360 --> 00:18:14,360
Oh, it's so good.

423
00:18:14,360 --> 00:18:17,560
Okay, so basically the same thing because you can make it because flapjack is oats, right?

424
00:18:17,560 --> 00:18:24,240
And you can actually do flapjacks with oatmeal, which makes it kind of cakey and consistency.

425
00:18:24,240 --> 00:18:27,680
Although I don't know for the purposes of the conversation the other week about the

426
00:18:27,680 --> 00:18:30,360
whole cake lawsuit thing.

427
00:18:30,360 --> 00:18:35,120
I don't know whether flapjacks with oatmeal and biscuits or cake.

428
00:18:35,120 --> 00:18:40,600
I think they're still biscuits legally, probably.

429
00:18:40,600 --> 00:18:42,680
We are off the fucking rails here.

430
00:18:42,680 --> 00:18:43,680
Yeah.

431
00:18:43,680 --> 00:18:47,600
So I think we need to conclude that Rama is dead.

432
00:18:47,600 --> 00:18:48,600
He's dead.

433
00:18:48,600 --> 00:18:51,560
Long live the Rama and we're going to have to continue without him.

434
00:18:51,560 --> 00:18:54,240
As like, yeah, but first.

435
00:18:54,240 --> 00:18:55,240
Huge disappointment.

436
00:18:55,240 --> 00:18:56,240
Huge disappointment.

437
00:18:56,240 --> 00:18:57,240
Huge.

438
00:18:57,240 --> 00:19:01,760
Yeah, it's nice to let the interns have a crack at the prize and like come out from behind

439
00:19:01,760 --> 00:19:05,400
the curtain, but you know, not going to happen on this occasion.

440
00:19:05,400 --> 00:19:06,400
So.

441
00:19:06,400 --> 00:19:07,400
Oh yeah, dig the book out.

442
00:19:07,400 --> 00:19:08,400
Let's get moving.

443
00:19:08,400 --> 00:19:09,400
Let's get the win on this.

444
00:19:09,400 --> 00:19:10,400
Right.

445
00:19:10,400 --> 00:19:11,400
Short seat.

446
00:19:11,400 --> 00:19:12,400
You're up this week.

447
00:19:12,400 --> 00:19:13,400
Say when?

448
00:19:13,400 --> 00:19:16,880
Oh, we are in the section marked police.

449
00:19:16,880 --> 00:19:20,360
Would you like the left page or the right page?

450
00:19:20,360 --> 00:19:23,040
Right page fourth from the bottom.

451
00:19:23,040 --> 00:19:24,040
Fourth from the bottom.

452
00:19:24,040 --> 00:19:27,040
So the counting up.

453
00:19:27,040 --> 00:19:28,040
Yep.

454
00:19:28,040 --> 00:19:29,040
Yep.

455
00:19:29,040 --> 00:19:33,920
A man on a mountaintop won't stop yelling wanker.

456
00:19:33,920 --> 00:19:36,520
The cops cannot reach him because of falling rocks.

457
00:19:36,520 --> 00:19:38,520
Sounds like one.

458
00:19:38,520 --> 00:19:40,520
That's a good one.

459
00:19:40,520 --> 00:19:48,440
I kind of have the suspicion that the drill guy might be English just because almost everything

460
00:19:48,440 --> 00:19:53,640
in it, every single reference is like American stuff, except for there's a few of them that

461
00:19:53,640 --> 00:20:00,800
use bloody and there's a few use wanker and you're just like, you guys don't really say

462
00:20:00,800 --> 00:20:01,800
one.

463
00:20:01,800 --> 00:20:02,800
Not at all.

464
00:20:02,800 --> 00:20:07,200
Can't Canadians do, but I use a wanker because I think it's hilarious and I almost always

465
00:20:07,200 --> 00:20:11,080
get like a look from people of like, what is he saying to me?

466
00:20:11,080 --> 00:20:12,080
Should I be offended?

467
00:20:12,080 --> 00:20:14,800
And I'm like, yeah, I'm just going to move on from right there.

468
00:20:14,800 --> 00:20:17,400
It's just the greatest.

469
00:20:17,400 --> 00:20:19,520
It's just the greatest insult.

470
00:20:19,520 --> 00:20:20,920
It rose off the tongue.

471
00:20:20,920 --> 00:20:24,400
It's like, by the way, he's from New Jersey.

472
00:20:24,400 --> 00:20:30,320
The farthest place from both culturally.

473
00:20:30,320 --> 00:20:33,480
Yeah, from New Jersey.

474
00:20:33,480 --> 00:20:34,480
I thought so too.

475
00:20:34,480 --> 00:20:37,360
I remember because I know they know who he is and like who that person is.

476
00:20:37,360 --> 00:20:38,880
Oh, he's from New Jersey.

477
00:20:38,880 --> 00:20:39,880
He's from New Jersey.

478
00:20:39,880 --> 00:20:44,000
He's been in something awful forms, which I used to like put out 20 years ago.

479
00:20:44,000 --> 00:20:45,000
Oh, really?

480
00:20:45,000 --> 00:20:46,000
Yeah, he was on SA.

481
00:20:46,000 --> 00:20:47,000
Yeah, I remember that.

482
00:20:47,000 --> 00:20:49,640
I remember that name too, because I think it was like something else drill, but it was

483
00:20:49,640 --> 00:20:51,840
like, yeah, I forget what the hell it was.

484
00:20:51,840 --> 00:20:53,840
And he's been with FYAD.

485
00:20:53,840 --> 00:20:56,640
If you guys were on that shit.

486
00:20:56,640 --> 00:20:57,640
Yeah.

487
00:20:57,640 --> 00:20:58,640
Huh.

488
00:20:58,640 --> 00:20:59,640
SA used to be awesome.

489
00:20:59,640 --> 00:21:03,800
I loved it like the early 2000s or all that kind of maybe it wasn't that far ago.

490
00:21:03,800 --> 00:21:06,520
Maybe 2005, maybe after that.

491
00:21:06,520 --> 00:21:08,520
That was a lot of fun.

492
00:21:08,520 --> 00:21:12,040
I mean, the internet was better back in the day, wasn't it?

493
00:21:12,040 --> 00:21:13,040
It was.

494
00:21:13,040 --> 00:21:14,040
It was a lot less shitty.

495
00:21:14,040 --> 00:21:15,040
Yeah.

496
00:21:15,040 --> 00:21:19,520
I mean, it was like objectively a lot more effort.

497
00:21:19,520 --> 00:21:21,000
Like everything was more effort.

498
00:21:21,000 --> 00:21:22,000
Yeah.

499
00:21:22,000 --> 00:21:23,400
But it was like, oh, I don't know.

500
00:21:23,400 --> 00:21:28,440
It was very interestingly atomized, just by default, I think.

501
00:21:28,440 --> 00:21:33,680
When I think about the number of random people over the years that I've known or met,

502
00:21:33,680 --> 00:21:37,560
via random forums and stuff like that.

503
00:21:37,560 --> 00:21:41,680
But then I guess it's probably the same, I don't know, Zoomers chip in.

504
00:21:41,680 --> 00:21:43,960
I guess it's probably the same these days.

505
00:21:43,960 --> 00:21:48,840
There'll be a vector that's similar, but it would just be different, I don't know, influences,

506
00:21:48,840 --> 00:21:50,440
fees or something like that.

507
00:21:50,440 --> 00:21:54,800
Reddit feels like one of the only places that's very like the Internet of old, but it's still

508
00:21:54,800 --> 00:21:57,280
very centralized, I guess, which is like.

509
00:21:57,280 --> 00:21:58,280
Yeah.

510
00:21:58,280 --> 00:22:02,320
It's very, I mean, I mean, I remember pre-Google when you were basically looking things up

511
00:22:02,320 --> 00:22:04,640
on Yahoo, right?

512
00:22:04,640 --> 00:22:06,280
Because it was basically a listing, right?

513
00:22:06,280 --> 00:22:07,280
It wasn't search.

514
00:22:07,280 --> 00:22:10,880
It was just, it was just you applied to have a site listed on a location.

515
00:22:10,880 --> 00:22:13,520
And then that would, that was a very small list, right?

516
00:22:13,520 --> 00:22:16,880
I mean, it was large at the time, but whatever, say it was 50,000 sites or something.

517
00:22:16,880 --> 00:22:17,880
Did you have OSG's?

518
00:22:17,880 --> 00:22:19,880
That was the thing that came out before Google?

519
00:22:19,880 --> 00:22:20,880
Oh, yeah.

520
00:22:20,880 --> 00:22:21,880
Yeah.

521
00:22:21,880 --> 00:22:22,880
Yeah.

522
00:22:22,880 --> 00:22:28,800
Alta Vista, OSG's, Netscape had their own search, I think, early on, like based in those

523
00:22:28,800 --> 00:22:29,800
days.

524
00:22:29,800 --> 00:22:33,000
You know, Yahoo is like a massive conglomerate in Japan.

525
00:22:33,000 --> 00:22:34,000
Like everyone uses Yahoo.

526
00:22:34,000 --> 00:22:36,000
Like they don't use eBay, they use Yahoo.

527
00:22:36,000 --> 00:22:38,000
They don't use Craigslist, they use Yahoo.

528
00:22:38,000 --> 00:22:40,000
And a bunch of other things.

529
00:22:40,000 --> 00:22:41,000
It's wild.

530
00:22:41,000 --> 00:22:42,000
It's crazy that they're still around, yeah.

531
00:22:42,000 --> 00:22:43,000
But like, but.

532
00:22:43,000 --> 00:22:44,000
Wild.

533
00:22:44,000 --> 00:22:45,000
Genuinely wild.

534
00:22:45,000 --> 00:22:48,960
But you had like a small list of sites and then there, you basically branch that off to

535
00:22:48,960 --> 00:22:50,280
find other ones.

536
00:22:50,280 --> 00:22:52,480
And then you, then you shared those things, right?

537
00:22:52,480 --> 00:22:56,760
You'd bookmark them and then you, then you would, you'd really, you'd share that with

538
00:22:56,760 --> 00:22:57,760
something.

539
00:22:57,760 --> 00:22:58,760
Yeah, I found this.

540
00:22:58,760 --> 00:22:59,760
Yeah.

541
00:22:59,760 --> 00:23:02,200
And then, and then you started getting the.

542
00:23:02,200 --> 00:23:06,200
And then you send all your for agents an email that happened ever virus in it and they were

543
00:23:06,200 --> 00:23:11,760
like, fucking hell, man, you send me this thing and now my computer is worth, my family

544
00:23:11,760 --> 00:23:13,320
computers are worth this piece of crap.

545
00:23:13,320 --> 00:23:17,040
And then you're like, well, you should have used Linux and then, you know, your friends

546
00:23:17,040 --> 00:23:20,360
start to stop, stop talking to you in the playground and then you decide to become a

547
00:23:20,360 --> 00:23:21,880
cosmos validated 10 years later.

548
00:23:21,880 --> 00:23:22,880
I mean, it's just like.

549
00:23:22,880 --> 00:23:26,360
So you call somebody an asshole and use some sort of use net group, but then, but your

550
00:23:26,360 --> 00:23:29,320
names on it and you didn't realize that they track you down and come to your door.

551
00:23:29,320 --> 00:23:30,520
That'd be one thing, right?

552
00:23:30,520 --> 00:23:35,360
Cause like it wasn't no ennemy, ennemy, ennemy back then, or like you, then you do like a

553
00:23:35,360 --> 00:23:36,560
finger command on the UNIX.

554
00:23:36,560 --> 00:23:38,360
Like you try to figure out who that person is.

555
00:23:38,360 --> 00:23:39,360
Remember that?

556
00:23:39,360 --> 00:23:42,640
Remember like, you should be able to do a finger, like where it was like a finger command where

557
00:23:42,640 --> 00:23:47,840
you could finger at a specific address, like a, like a, basically a name at a server that

558
00:23:47,840 --> 00:23:50,400
would bring back like what your full name is and all that kind of stuff.

559
00:23:50,400 --> 00:23:53,560
Cause they didn't really lock those ports down back in the old finger days.

560
00:23:53,560 --> 00:23:54,560
And yeah, yeah.

561
00:23:54,560 --> 00:23:57,840
Yeah, like, look, they used to be crazy because back in college, I'm where you could like,

562
00:23:57,840 --> 00:24:00,960
if you had an email from anybody, you could just like do fingers and see like, it would

563
00:24:00,960 --> 00:24:03,200
show like what their office is and like their office hours.

564
00:24:03,200 --> 00:24:06,080
Like you basically use it as like a Rolodex, right?

565
00:24:06,080 --> 00:24:07,080
And pull that data back.

566
00:24:07,080 --> 00:24:08,080
Totally.

567
00:24:08,080 --> 00:24:09,080
Yeah.

568
00:24:09,080 --> 00:24:10,080
Yeah.

569
00:24:10,080 --> 00:24:11,080
That was crazy.

570
00:24:11,080 --> 00:24:12,080
Yeah.

571
00:24:12,080 --> 00:24:13,080
Yeah.

572
00:24:13,080 --> 00:24:14,080
That was a thing different in the UK.

573
00:24:14,080 --> 00:24:20,480
So let's just, let's what else was early days?

574
00:24:20,480 --> 00:24:21,480
Yeah.

575
00:24:21,480 --> 00:24:22,480
Those are good.

576
00:24:22,480 --> 00:24:24,680
Yeah, that's what I was like, that when Google showed up like that, and then, then you like,

577
00:24:24,680 --> 00:24:28,440
I don't know, just the, I remember like early days of like all these like MSN or maybe it

578
00:24:28,440 --> 00:24:33,000
was MSN, who like some of your MSN and Yahoo, maybe some of the original big properties

579
00:24:33,000 --> 00:24:37,920
that just had like started pulling together like weather and sports and news and shit under

580
00:24:37,920 --> 00:24:40,480
one domain, which was never like that before.

581
00:24:40,480 --> 00:24:41,480
Right.

582
00:24:41,480 --> 00:24:45,120
It was always like, oh, this is my local news site or this is something else.

583
00:24:45,120 --> 00:24:48,080
And like it was very compartmentalized and they start getting bigger and bigger and all

584
00:24:48,080 --> 00:24:49,400
that kind of shit.

585
00:24:49,400 --> 00:24:52,200
And yeah, it started, it started to get less fun.

586
00:24:52,200 --> 00:24:53,200
That's for sure.

587
00:24:53,200 --> 00:24:54,200
And now we have Twitter.

588
00:24:54,200 --> 00:24:55,680
And now we have X.

589
00:24:55,680 --> 00:24:59,960
But not for much longer at current, at current rate of play.

590
00:24:59,960 --> 00:25:01,480
So I don't know.

591
00:25:01,480 --> 00:25:03,920
It's a losing.

592
00:25:03,920 --> 00:25:05,080
Imagine my surprise.

593
00:25:05,080 --> 00:25:11,200
It turns out it's still losing money because the leadership at the top is garbage.

594
00:25:11,200 --> 00:25:18,440
So in the absence of our glorious intern, shall we do a bit of a bit of news corner without

595
00:25:18,440 --> 00:25:22,000
null null is gone walk about.

596
00:25:22,000 --> 00:25:24,200
He's gone to belong to null.

597
00:25:24,200 --> 00:25:28,520
And he's he's he's like the point.

598
00:25:28,520 --> 00:25:29,520
Right.

599
00:25:29,520 --> 00:25:34,080
So he went to Cosmoverse last year and he pissed off the cartel and Medine and we all

600
00:25:34,080 --> 00:25:40,920
know what happens from Australian person that pisses off an American drug dealer or drug

601
00:25:40,920 --> 00:25:41,920
cartel.

602
00:25:41,920 --> 00:25:46,600
Eventually they're in the bush, engaging in shenanigans, trying to lead them on walk

603
00:25:46,600 --> 00:25:53,040
about so they can via series of convoluted but non-lethal means disarm all the henchmen

604
00:25:53,040 --> 00:25:56,720
and eventually bring them to the justice of the Australian police system because they

605
00:25:56,720 --> 00:25:58,680
you know, doing that in America, it's difficult.

606
00:25:58,680 --> 00:26:00,240
There's regulations and laws and stuff.

607
00:26:00,240 --> 00:26:03,960
So instead, you know, it's just crocodile hats on out into the bush.

608
00:26:03,960 --> 00:26:04,960
That's how it works.

609
00:26:04,960 --> 00:26:05,960
Right.

610
00:26:05,960 --> 00:26:07,480
I think machete is also required.

611
00:26:07,480 --> 00:26:09,080
But I could be machete required.

612
00:26:09,080 --> 00:26:11,280
Maybe crocodile skin vests.

613
00:26:11,280 --> 00:26:12,280
Yeah.

614
00:26:12,280 --> 00:26:13,280
Yeah.

615
00:26:13,280 --> 00:26:18,040
It kind of like it sort of makes sense, right, to break the break the meme for a second,

616
00:26:18,040 --> 00:26:19,880
break the fourth wall and go.

617
00:26:19,880 --> 00:26:24,600
It's interesting, of course, that film is an American film, right?

618
00:26:24,600 --> 00:26:26,360
Is no it's not.

619
00:26:26,360 --> 00:26:27,360
Is it really?

620
00:26:27,360 --> 00:26:29,560
You're yeah, like crocodile done.

621
00:26:29,560 --> 00:26:36,080
Yeah, you guys, you guys love that meme, that Australian meme as much if not more than the

622
00:26:36,080 --> 00:26:37,080
American.

623
00:26:37,080 --> 00:26:38,080
That's a true story.

624
00:26:38,080 --> 00:26:39,080
That was a documentary.

625
00:26:39,080 --> 00:26:41,520
Steve Irwin is bigger than America's in Australia.

626
00:26:41,520 --> 00:26:42,520
Rest in peace.

627
00:26:42,520 --> 00:26:43,520
Yeah.

628
00:26:43,520 --> 00:26:50,000
Noel had to break that gently to me whenever he was staying over here that to Australians,

629
00:26:50,000 --> 00:26:52,960
he wasn't anything and then for like Americans, it was.

630
00:26:52,960 --> 00:26:53,960
We talked about late night.

631
00:26:53,960 --> 00:26:55,960
What's wrong with you people?

632
00:26:55,960 --> 00:26:58,040
I was like, what?

633
00:26:58,040 --> 00:27:01,640
You can't say that.

634
00:27:01,640 --> 00:27:03,360
I follow his son on Instagram.

635
00:27:03,360 --> 00:27:04,360
What do you mean?

636
00:27:04,360 --> 00:27:07,760
I think he made fun of us for that and Mr. Rogers and one there was one other personality

637
00:27:07,760 --> 00:27:10,920
forget what it was, but it was like Steve Irwin and Mr. Rogers like, yeah.

638
00:27:10,920 --> 00:27:13,720
And she'll say never like, fuck you, man.

639
00:27:13,720 --> 00:27:20,360
Like, Mr. Rogers is the weird, like I thought that that was a joke and then like I realized

640
00:27:20,360 --> 00:27:21,360
it was a real thing.

641
00:27:21,360 --> 00:27:22,760
I will cut you.

642
00:27:22,760 --> 00:27:26,520
You do a little bit of looking around and you're just like, don't you bad talk, Fred?

643
00:27:26,520 --> 00:27:29,600
You're like, this guy can't be real.

644
00:27:29,600 --> 00:27:30,600
He was real.

645
00:27:30,600 --> 00:27:31,600
God damn it.

646
00:27:31,600 --> 00:27:36,080
Well, so the thing is we had people like that in the UK, right?

647
00:27:36,080 --> 00:27:40,920
And then we had this thing called Operation U-Tree, which was a wide-ranging investigation

648
00:27:40,920 --> 00:27:42,920
into historical wrongdoing.

649
00:27:42,920 --> 00:27:47,520
And now we don't have any beloved children.

650
00:27:47,520 --> 00:27:50,120
Everybody's gone.

651
00:27:50,120 --> 00:27:51,680
There are none left.

652
00:27:51,680 --> 00:27:54,600
It turned out that it was all too good to be true.

653
00:27:54,600 --> 00:27:55,600
Yeah.

654
00:27:55,600 --> 00:27:57,000
That's like, that's like Peewee Herman.

655
00:27:57,000 --> 00:28:01,480
Like you get one blowjob and then your whole life's work is down the train.

656
00:28:01,480 --> 00:28:02,480
Ridiculous.

657
00:28:02,480 --> 00:28:07,080
Peewee didn't wait, compared to like other things.

658
00:28:07,080 --> 00:28:08,080
I mean, Peewee didn't do nothing.

659
00:28:08,080 --> 00:28:10,120
Then he got shit on that for a long time.

660
00:28:10,120 --> 00:28:11,760
It's like all it was.

661
00:28:11,760 --> 00:28:12,760
Yeah.

662
00:28:12,760 --> 00:28:15,480
Well, I thought it was a, I thought it was a, I could be wrong.

663
00:28:15,480 --> 00:28:20,360
I thought it was like a, um, a call girl in a public movie theater or something like

664
00:28:20,360 --> 00:28:21,920
that, something like that.

665
00:28:21,920 --> 00:28:22,920
I forget.

666
00:28:22,920 --> 00:28:23,920
And what about Hugh Grant?

667
00:28:23,920 --> 00:28:24,920
Same thing.

668
00:28:24,920 --> 00:28:25,920
Yeah.

669
00:28:25,920 --> 00:28:26,920
Pulled up.

670
00:28:26,920 --> 00:28:27,920
Yeah.

671
00:28:27,920 --> 00:28:29,440
He's like Teflon down though.

672
00:28:29,440 --> 00:28:31,720
Like it just, it just rolled off.

673
00:28:31,720 --> 00:28:32,720
He's like, yeah.

674
00:28:32,720 --> 00:28:35,720
It's got it sucked.

675
00:28:35,720 --> 00:28:39,240
Everybody would have had it done.

676
00:28:39,240 --> 00:28:43,080
No, but Fred, no stories came out about Fred.

677
00:28:43,080 --> 00:28:44,080
Yeah.

678
00:28:44,080 --> 00:28:48,920
Keep your, keep your, what, what is that group called that goes back and shits on everybody's

679
00:28:48,920 --> 00:28:49,920
history?

680
00:28:49,920 --> 00:28:50,920
Storyans?

681
00:28:50,920 --> 00:28:51,920
No.

682
00:28:51,920 --> 00:28:52,920
Investigative journalists?

683
00:28:52,920 --> 00:28:54,920
The one that you just mentioned.

684
00:28:54,920 --> 00:28:55,920
Police detectives?

685
00:28:55,920 --> 00:28:56,920
Yeah.

686
00:28:56,920 --> 00:29:01,440
I, I, I honestly don't know where we're going with this.

687
00:29:01,440 --> 00:29:04,720
But, oh my God.

688
00:29:04,720 --> 00:29:06,920
Anyway, back to Steve Irwin.

689
00:29:06,920 --> 00:29:08,720
Oh, there we go.

690
00:29:08,720 --> 00:29:09,720
Let's get Steve Irwin.

691
00:29:09,720 --> 00:29:12,240
Finally, somebody can do the news.

692
00:29:12,240 --> 00:29:13,240
Finally.

693
00:29:13,240 --> 00:29:15,360
Well, I'm a, hello.

694
00:29:15,360 --> 00:29:16,360
I made it.

695
00:29:16,360 --> 00:29:17,520
I've got, I'm on makeshift here.

696
00:29:17,520 --> 00:29:19,640
Pulled out the old portable computer.

697
00:29:19,640 --> 00:29:21,640
Those are called like mobile tops, right?

698
00:29:21,640 --> 00:29:23,640
Is that what those are called?

699
00:29:23,640 --> 00:29:24,640
Yeah.

700
00:29:24,640 --> 00:29:25,640
I don't know.

701
00:29:25,640 --> 00:29:28,640
It's this new fend angle technology we just got here in Australia.

702
00:29:28,640 --> 00:29:31,400
Usually it's like this bulb.

703
00:29:31,400 --> 00:29:36,960
Burst looking device with the corded keyboard and mouse, but this one, like you can move

704
00:29:36,960 --> 00:29:38,960
it around and stuff like, whoa.

705
00:29:38,960 --> 00:29:39,960
Yeah.

706
00:29:39,960 --> 00:29:40,960
Look at that.

707
00:29:40,960 --> 00:29:41,960
That latest technology.

708
00:29:41,960 --> 00:29:42,960
Yeah.

709
00:29:42,960 --> 00:29:43,960
Yeah.

710
00:29:43,960 --> 00:29:44,960
It's pretty cool.

711
00:29:44,960 --> 00:29:45,960
You're looking well.

712
00:29:45,960 --> 00:29:46,960
Congrats.

713
00:29:46,960 --> 00:29:47,960
You're looking good.

714
00:29:47,960 --> 00:29:51,280
The bear market, bear market plus children seem to be doing well for you.

715
00:29:51,280 --> 00:29:55,000
The lightings, I don't, I had the room light on and then it was flickering.

716
00:29:55,000 --> 00:29:57,880
I guess that, you know, it's new fend angle technology.

717
00:29:57,880 --> 00:30:00,400
Can't keep up with my 60 Hertz.

718
00:30:00,400 --> 00:30:03,280
Light bulb or something like that.

719
00:30:03,280 --> 00:30:05,560
Just wait till the capacitors get to Australia.

720
00:30:05,560 --> 00:30:06,560
Things have changed.

721
00:30:06,560 --> 00:30:07,560
It's going to be amazing.

722
00:30:07,560 --> 00:30:08,560
Yeah.

723
00:30:08,560 --> 00:30:12,040
Is that, is that the bucket used to take water from the well behind, hanging behind

724
00:30:12,040 --> 00:30:13,040
you?

725
00:30:13,040 --> 00:30:14,040
Is that what you guys use?

726
00:30:14,040 --> 00:30:15,040
Yeah.

727
00:30:15,040 --> 00:30:22,240
I think the wife decided that it would be really nice to put a plant in the office.

728
00:30:22,240 --> 00:30:26,880
That was the plant.

729
00:30:26,880 --> 00:30:27,880
It did not survive.

730
00:30:27,880 --> 00:30:29,880
I don't know why it's providing.

731
00:30:29,880 --> 00:30:30,880
It's not bad.

732
00:30:30,880 --> 00:30:35,520
In our shared office, somebody had the same idea where they were like, man, this place

733
00:30:35,520 --> 00:30:37,400
is, it's bleak.

734
00:30:37,400 --> 00:30:41,120
We keep saying we're going to repaint the walls, but not because it's a shared office

735
00:30:41,120 --> 00:30:43,640
and all of us work for different companies.

736
00:30:43,640 --> 00:30:45,720
You know, we never seem to get around to it.

737
00:30:45,720 --> 00:30:47,240
So I'm going to take the initiative.

738
00:30:47,240 --> 00:30:51,480
I'm going to buy some pots, you know, some hanging fancy pots because we have like these

739
00:30:51,480 --> 00:30:52,480
big steel I beams.

740
00:30:52,480 --> 00:30:54,000
We're in like a loft.

741
00:30:54,000 --> 00:30:56,400
We'll put the pots, we'll hang them down.

742
00:30:56,400 --> 00:30:57,400
It's going to be great.

743
00:30:57,400 --> 00:31:01,760
It's going to be like hanging garden vibe and predictably, right?

744
00:31:01,760 --> 00:31:02,760
What happens?

745
00:31:02,760 --> 00:31:03,760
They get like four.

746
00:31:03,760 --> 00:31:04,760
All dead.

747
00:31:04,760 --> 00:31:06,400
The plants die quickly.

748
00:31:06,400 --> 00:31:09,760
And then the taller people in the office start hitting their heads on the pots and then the

749
00:31:09,760 --> 00:31:16,440
pots start falling until there was just one mesh, you know, like the rope bag that the

750
00:31:16,440 --> 00:31:21,960
pot came in with no pot in it hanging down from the middle, but middle beam in the room.

751
00:31:21,960 --> 00:31:22,960
That was all that was left.

752
00:31:22,960 --> 00:31:29,320
It's one sad, empty scrotum of a pot holder.

753
00:31:29,320 --> 00:31:33,840
And it was quite a good metaphor for like the tragedy of the commons if you're into

754
00:31:33,840 --> 00:31:34,840
economics.

755
00:31:34,840 --> 00:31:39,840
It was like one person putting all the effort, the rest of us did nothing.

756
00:31:39,840 --> 00:31:43,280
And now we can't have nice things.

757
00:31:43,280 --> 00:31:47,000
Though what we should, I mean, the actual solution probably was just like taxation.

758
00:31:47,000 --> 00:31:50,040
Somebody should have said, hey, can everybody just chip in a hundred?

759
00:31:50,040 --> 00:31:51,040
We're all too lazy.

760
00:31:51,040 --> 00:31:52,040
We're all too busy.

761
00:31:52,040 --> 00:31:53,880
Can everybody just chip in a hundred quid?

762
00:31:53,880 --> 00:31:56,800
We're just getting a painter and paint the fucking place.

763
00:31:56,800 --> 00:31:57,800
That's what we should do.

764
00:31:57,800 --> 00:31:58,800
Okay.

765
00:31:58,800 --> 00:32:01,360
Here's what I'll say to that.

766
00:32:01,360 --> 00:32:06,440
The biggest, one of the biggest life changing things I've had was paying someone to mow my

767
00:32:06,440 --> 00:32:07,440
lawn.

768
00:32:07,440 --> 00:32:10,800
They come out twice a month, $70 a month.

769
00:32:10,800 --> 00:32:12,880
And it's like life changing.

770
00:32:12,880 --> 00:32:14,200
No longer have any of that stress.

771
00:32:14,200 --> 00:32:16,040
It looks better than is if I'm going to do it.

772
00:32:16,040 --> 00:32:17,880
That's an American and Australian problem.

773
00:32:17,880 --> 00:32:18,880
Let me tell you.

774
00:32:18,880 --> 00:32:23,400
My line is like eight inches because it just stresses the shit out of me too.

775
00:32:23,400 --> 00:32:24,400
Yeah.

776
00:32:24,400 --> 00:32:25,400
Well, yeah, exactly.

777
00:32:25,400 --> 00:32:31,680
I don't think my garden is three, four foot by six foot or something like that.

778
00:32:31,680 --> 00:32:33,240
The lawn is about that big.

779
00:32:33,240 --> 00:32:34,240
Yeah.

780
00:32:34,240 --> 00:32:35,240
Yeah.

781
00:32:35,240 --> 00:32:36,240
I have a manual mower.

782
00:32:36,240 --> 00:32:39,200
Just like this is the thing that's the actual.

783
00:32:39,200 --> 00:32:40,200
Wow.

784
00:32:40,200 --> 00:32:43,560
You haven't got new, you know, motors either.

785
00:32:43,560 --> 00:32:44,760
Interesting.

786
00:32:44,760 --> 00:32:46,240
We had them and then we did it.

787
00:32:46,240 --> 00:32:48,120
And now there's a shortage of motors.

788
00:32:48,120 --> 00:32:53,520
So we've just gone back to, you know, it was good enough for your granddad.

789
00:32:53,520 --> 00:32:55,000
In fact, this was your granddad's.

790
00:32:55,000 --> 00:32:56,280
There's no new motors.

791
00:32:56,280 --> 00:32:58,720
So we're just going to have to resharpen the old ones.

792
00:32:58,720 --> 00:33:00,200
That's split spirit.

793
00:33:00,200 --> 00:33:04,840
I think this is like a fundamental issue with the modern mail.

794
00:33:04,840 --> 00:33:08,440
It's like, I'm just going to get someone else to come in and cut my grass.

795
00:33:08,440 --> 00:33:09,520
I can't handle this.

796
00:33:09,520 --> 00:33:10,760
I can't do it.

797
00:33:10,760 --> 00:33:13,400
It's, you know, have pride in your property and your lawn.

798
00:33:13,400 --> 00:33:14,400
All right.

799
00:33:14,400 --> 00:33:17,480
If you can't trim your lawn, then how are you going to hold a wife?

800
00:33:17,480 --> 00:33:18,480
All right.

801
00:33:18,480 --> 00:33:23,440
So the man with the empty hanging flower pod behind them, at least at least take the

802
00:33:23,440 --> 00:33:26,640
dead plant out of here, man.

803
00:33:26,640 --> 00:33:29,920
This is like the most Australian thing.

804
00:33:29,920 --> 00:33:32,000
This thing can't do shit about my grass outside.

805
00:33:32,000 --> 00:33:33,000
Fucking awesome.

806
00:33:33,000 --> 00:33:35,360
Like, it's very Australian to come on.

807
00:33:35,360 --> 00:33:41,280
The problem is that you Americans are getting cocked by your lawn.

808
00:33:41,280 --> 00:33:42,280
Mike drop.

809
00:33:42,280 --> 00:33:43,280
Yep.

810
00:33:43,280 --> 00:33:44,280
Exactly.

811
00:33:44,280 --> 00:33:45,280
All right.

812
00:33:45,280 --> 00:33:46,280
Do some news.

813
00:33:46,280 --> 00:33:50,080
We're excited for a real, like a real news.

814
00:33:50,080 --> 00:33:51,080
Real news.

815
00:33:51,080 --> 00:33:52,080
Okay.

816
00:33:52,080 --> 00:33:53,080
Game face shit.

817
00:33:53,080 --> 00:33:54,080
Brushes on.

818
00:33:54,080 --> 00:33:56,480
So is all your keeping up?

819
00:33:56,480 --> 00:33:57,640
Is it always negative?

820
00:33:57,640 --> 00:33:58,640
We mean no.

821
00:33:58,640 --> 00:33:59,640
Is there positive here?

822
00:33:59,640 --> 00:34:00,640
Okay.

823
00:34:00,640 --> 00:34:01,640
All right.

824
00:34:01,640 --> 00:34:02,640
Yeah.

825
00:34:02,640 --> 00:34:03,640
No, no.

826
00:34:03,640 --> 00:34:07,120
First off the rank, the big news, the big shelling point of Cosmos now, no more when

827
00:34:07,120 --> 00:34:08,120
USDC.

828
00:34:08,120 --> 00:34:09,120
It's here.

829
00:34:09,120 --> 00:34:10,120
I don't know.

830
00:34:10,120 --> 00:34:11,120
No one knows how to get it.

831
00:34:11,120 --> 00:34:13,120
I think businesses have to get it first.

832
00:34:13,120 --> 00:34:14,120
You have to buy it.

833
00:34:14,120 --> 00:34:15,120
Right.

834
00:34:15,120 --> 00:34:17,800
Yeah, this is the problem with circle, right?

835
00:34:17,800 --> 00:34:22,760
Is that circle at the gateway is garbage because if you're in the UK, you can't fucking use

836
00:34:22,760 --> 00:34:24,760
it with a business account.

837
00:34:24,760 --> 00:34:26,760
You can't use.

838
00:34:26,760 --> 00:34:28,760
News spray.

839
00:34:28,760 --> 00:34:29,760
All right.

840
00:34:29,760 --> 00:34:32,480
So USDC is here.

841
00:34:32,480 --> 00:34:33,480
Okay.

842
00:34:33,480 --> 00:34:34,480
It's here.

843
00:34:34,480 --> 00:34:35,480
I feel blessed.

844
00:34:35,480 --> 00:34:37,360
I feel absolutely generally in the area.

845
00:34:37,360 --> 00:34:38,360
It's near.

846
00:34:38,360 --> 00:34:39,360
It's near.

847
00:34:39,360 --> 00:34:41,360
It's here adjacent.

848
00:34:41,360 --> 00:34:42,360
Exactly.

849
00:34:42,360 --> 00:34:52,400
If you are able to and you are a business, you can buy it and then put it in your D app.

850
00:34:52,400 --> 00:35:00,160
That's what I got from the circle website, but it's here and it's native and you're going

851
00:35:00,160 --> 00:35:03,680
to be able to IBC it when someone buys it.

852
00:35:03,680 --> 00:35:08,280
And then adding to that, this part I think is really cool.

853
00:35:08,280 --> 00:35:09,280
It's here.

854
00:35:09,280 --> 00:35:10,440
That's kind of nice.

855
00:35:10,440 --> 00:35:14,440
What they're looking to do though is like bridging between, oh, I'm about to run out

856
00:35:14,440 --> 00:35:15,440
of battery.

857
00:35:15,440 --> 00:35:17,200
So I'm in all sorts of chambers.

858
00:35:17,200 --> 00:35:18,200
Fucking hurry up.

859
00:35:18,200 --> 00:35:28,200
They're going to be using a squid router circles transfer protocol and IBC to enable one to

860
00:35:28,200 --> 00:35:32,320
one, ETH to DYDX swaps in one click.

861
00:35:32,320 --> 00:35:39,760
So ETH USDC to DYDX USDC, one click, one transaction.

862
00:35:39,760 --> 00:35:41,760
Like okay, it's cool.

863
00:35:41,760 --> 00:35:42,760
Yeah.

864
00:35:42,760 --> 00:35:46,600
Kind of similar to where USDC works on a sex across multiple different Ethereum based

865
00:35:46,600 --> 00:35:47,600
chains, right?

866
00:35:47,600 --> 00:35:48,600
Same type of thing.

867
00:35:48,600 --> 00:35:49,600
Like it's just USDC.

868
00:35:49,600 --> 00:35:50,600
Yeah.

869
00:35:50,600 --> 00:35:54,040
And you only pay like 40 cents per dollar to do it.

870
00:35:54,040 --> 00:35:55,040
Object.

871
00:35:55,040 --> 00:35:57,040
Object to the tax.

872
00:35:57,040 --> 00:35:58,040
Good.

873
00:35:58,040 --> 00:36:00,040
Do you feel it?

874
00:36:00,040 --> 00:36:01,040
No.

875
00:36:01,040 --> 00:36:02,040
Wow.

876
00:36:02,040 --> 00:36:03,040
Sorry.

877
00:36:03,040 --> 00:36:07,560
Oh, do we just wandering through the house?

878
00:36:07,560 --> 00:36:12,520
You can get the live view of wandering through the house to get the power cord.

879
00:36:12,520 --> 00:36:15,040
This is the live news, breaking news right here.

880
00:36:15,040 --> 00:36:17,560
The news reporter is about to run out of battery.

881
00:36:17,560 --> 00:36:19,560
That is the most Australian hat I've ever seen in my life.

882
00:36:19,560 --> 00:36:21,560
That's what I was just about to say.

883
00:36:21,560 --> 00:36:24,960
Where's your sneak vest, man?

884
00:36:24,960 --> 00:36:25,960
Do you get that?

885
00:36:25,960 --> 00:36:27,960
It's the Australian hat.

886
00:36:27,960 --> 00:36:31,360
Do you get that like at birth?

887
00:36:31,360 --> 00:36:32,560
Did they give you that?

888
00:36:32,560 --> 00:36:33,760
Like is that given away?

889
00:36:33,760 --> 00:36:37,000
That one was birthday present.

890
00:36:37,000 --> 00:36:40,000
So you don't have to have a subscription for it.

891
00:36:40,000 --> 00:36:42,920
When he was born, it was literally put on the baby.

892
00:36:42,920 --> 00:36:47,320
They're like, it's big for you now, Nipper, but you grow into it.

893
00:36:47,320 --> 00:36:48,320
Here's your birth certificate.

894
00:36:48,320 --> 00:36:49,320
Here's your hat.

895
00:36:49,320 --> 00:36:50,320
Never get this to me, though.

896
00:36:50,320 --> 00:36:55,000
That would never give you a walkthrough from through his house, ever.

897
00:36:55,000 --> 00:36:58,840
Well, that's because the news reporter, he walked through that door at the end of the

898
00:36:58,840 --> 00:36:59,840
room.

899
00:36:59,840 --> 00:37:02,840
It would be up a flight of stairs into his parents' house.

900
00:37:02,840 --> 00:37:05,720
So they'd probably tell him off, right?

901
00:37:05,720 --> 00:37:07,040
Mom.

902
00:37:07,040 --> 00:37:11,920
We can make fun of him all you want, because he never goes back to the show.

903
00:37:11,920 --> 00:37:12,920
So it doesn't matter.

904
00:37:12,920 --> 00:37:13,920
You can say whatever you want.

905
00:37:13,920 --> 00:37:14,920
I'll never hear any of this.

906
00:37:14,920 --> 00:37:16,520
So it doesn't make a difference.

907
00:37:16,520 --> 00:37:22,240
I once, once Noel called me to ask me about something and I heard somebody shouting at

908
00:37:22,240 --> 00:37:23,240
him in the background.

909
00:37:23,240 --> 00:37:24,240
I was like, what's all that?

910
00:37:24,240 --> 00:37:27,360
And he was just like, oh, I'm going out of the house to get a coffee.

911
00:37:27,360 --> 00:37:31,000
And that's my, that's my mom shouting at me to get a coffee.

912
00:37:31,000 --> 00:37:38,240
It's like, actually, context is not important here because it's just obviously more of my

913
00:37:38,240 --> 00:37:40,440
evidence that he lives in the basement.

914
00:37:40,440 --> 00:37:42,160
That's the important thing.

915
00:37:42,160 --> 00:37:44,320
Of a customer's bill.

916
00:37:44,320 --> 00:37:45,320
Yeah.

917
00:37:45,320 --> 00:37:47,160
Why do you have corks on hand?

918
00:37:47,160 --> 00:37:55,560
So USDC here, but we need some big, big regulated US based company to go buy a bunch of it,

919
00:37:55,560 --> 00:38:00,680
exchange it for shitcoins on Osmosis so that the rest of us can buy it permissionlessly

920
00:38:00,680 --> 00:38:04,760
and then we can have, then we can finally have the thing we're after.

921
00:38:04,760 --> 00:38:06,840
We can always lose money together.

922
00:38:06,840 --> 00:38:07,840
Yeah.

923
00:38:07,840 --> 00:38:10,440
So the way I see it is right.

924
00:38:10,440 --> 00:38:18,520
Osmosis Foundation's got like 1.5 million USDC on Mars supplying USDC.

925
00:38:18,520 --> 00:38:23,600
They can just one to one swap it, you know, get some, sell it, get some circle.

926
00:38:23,600 --> 00:38:29,200
And now, you know, we can fight amongst ourselves for the 1.5 million USDC on Osmosis.

927
00:38:29,200 --> 00:38:37,000
But it looks like there has been $1.8 million in USDC minted, but a grand total of $4,

928
00:38:37,000 --> 00:38:38,320
IBC it out.

929
00:38:38,320 --> 00:38:40,680
So that's nice.

930
00:38:40,680 --> 00:38:44,440
I'm not sure if you, I don't think IBC is enabled just yet.

931
00:38:44,440 --> 00:38:46,920
You can buy it.

932
00:38:46,920 --> 00:38:52,000
Get inflated, but now, hey, it's stop, stop yucking my yum, you know, bringing the mood

933
00:38:52,000 --> 00:38:53,000
down.

934
00:38:53,000 --> 00:38:54,000
I'm not bringing the mood down.

935
00:38:54,000 --> 00:38:56,640
I'm just saying it's funny that only $4 have been IBCed out.

936
00:38:56,640 --> 00:39:01,720
I bet it has been IBCed out because they would have needed to get the Denon from Osmosis

937
00:39:01,720 --> 00:39:02,720
somehow.

938
00:39:02,720 --> 00:39:05,120
I suppose they probably could have built it manually, but it probably would have been

939
00:39:05,120 --> 00:39:07,320
easier to be like, I'll just shoot over.

940
00:39:07,320 --> 00:39:08,320
Right.

941
00:39:08,320 --> 00:39:09,320
Here it is.

942
00:39:09,320 --> 00:39:10,320
Yeah.

943
00:39:10,320 --> 00:39:11,320
I know Kooji and stuff do this.

944
00:39:11,320 --> 00:39:17,600
I don't know how they do it, but they like pre, they pre seed it or something and be like,

945
00:39:17,600 --> 00:39:20,480
hey, look, we're ready for native USDC.

946
00:39:20,480 --> 00:39:22,240
All the wallets apparently too already.

947
00:39:22,240 --> 00:39:23,920
So I don't know how you do that when you don't have the Denon.

948
00:39:23,920 --> 00:39:28,560
Well, you can build the Denon because it's a function of like the originating Denon and

949
00:39:28,560 --> 00:39:30,600
like the chain ID and something else.

950
00:39:30,600 --> 00:39:31,600
It's pretty easy to build.

951
00:39:31,600 --> 00:39:34,600
Like I did on and yeah, yeah, I guess they just build it and then put it in their day

952
00:39:34,600 --> 00:39:35,600
up.

953
00:39:35,600 --> 00:39:36,600
There you go.

954
00:39:36,600 --> 00:39:42,040
Anyway, you know, I just like to quickly, you know, I think people that are very important

955
00:39:42,040 --> 00:39:45,520
to this around USDC, we've got to thank them all, all of their hard work, all of their

956
00:39:45,520 --> 00:39:47,320
building incredible feet.

957
00:39:47,320 --> 00:39:49,960
Can't wait for all of that liquidity to flow in.

958
00:39:49,960 --> 00:39:51,520
It's going to happen.

959
00:39:51,520 --> 00:39:55,720
So, you know, you can build a DYDX, going to be a catalyst, you see.

960
00:39:55,720 --> 00:39:59,800
Next news agenda, Metamask snaps open beta.

961
00:39:59,800 --> 00:40:00,800
It is here.

962
00:40:00,800 --> 00:40:05,960
Got a little bit of front run by Leap a couple of times and shade on their own announcement,

963
00:40:05,960 --> 00:40:10,000
but officially Metamask snaps betas here.

964
00:40:10,000 --> 00:40:11,920
Multiple chains and wallets have already announced it.

965
00:40:11,920 --> 00:40:16,320
As I said, Leap, shade, but now Cosmos has got it.

966
00:40:16,320 --> 00:40:21,680
So I believe over the next few days, we'll start to see, you know, more apps like Osmosis,

967
00:40:21,680 --> 00:40:22,680
et cetera.

968
00:40:22,680 --> 00:40:25,640
I think Cosmos kit, we look to adopt it and get it.

969
00:40:25,640 --> 00:40:29,520
At the moment, there's only like a handful of chains or Dapps using it.

970
00:40:29,520 --> 00:40:32,240
Stargaze used it the other day to buy an NFT.

971
00:40:32,240 --> 00:40:33,240
Yeah, it's kind of cool.

972
00:40:33,240 --> 00:40:34,240
Or he did it.

973
00:40:34,240 --> 00:40:35,240
Yeah, saw that.

974
00:40:35,240 --> 00:40:36,240
It's cool.

975
00:40:36,240 --> 00:40:37,240
Yeah.

976
00:40:37,240 --> 00:40:39,440
And it doesn't support ledger though, right?

977
00:40:39,440 --> 00:40:40,440
Not to, wait, hold on.

978
00:40:40,440 --> 00:40:42,520
Are we still in the positive section of the podcast?

979
00:40:42,520 --> 00:40:43,520
Yeah.

980
00:40:43,520 --> 00:40:44,520
Okay.

981
00:40:44,520 --> 00:40:46,720
That's true, yeah, it does.

982
00:40:46,720 --> 00:40:48,920
So there are a couple of limitations.

983
00:40:48,920 --> 00:40:52,520
So within the native wallet itself, you can't do like send transactions.

984
00:40:52,520 --> 00:40:55,760
So you can, you have your, yeah.

985
00:40:55,760 --> 00:40:57,800
So you need the Dapp to have a send function.

986
00:40:57,800 --> 00:41:00,080
The wallet doesn't send function.

987
00:41:00,080 --> 00:41:01,080
So there are a couple of limitations.

988
00:41:01,080 --> 00:41:05,080
And I think, you know, there wasn't officially announced, but if you check like Sam Hart,

989
00:41:05,080 --> 00:41:09,280
who is kind of leading it from a biz depth side, he said that the first iteration is

990
00:41:09,280 --> 00:41:11,280
going to be quite limited.

991
00:41:11,280 --> 00:41:14,840
And to be clear, this is the, it's a snap beta that got released, right?

992
00:41:14,840 --> 00:41:16,000
So it's not like it's a cosmos.

993
00:41:16,000 --> 00:41:19,760
So there's a ton of add-ins or snaps that got released on the same day because MetaMask

994
00:41:19,760 --> 00:41:20,760
released it, right?

995
00:41:20,760 --> 00:41:22,920
So it's new for everybody.

996
00:41:22,920 --> 00:41:24,600
It's new for every, for every ecosystem.

997
00:41:24,600 --> 00:41:26,120
So yeah, that makes sense.

998
00:41:26,120 --> 00:41:29,480
So it's going to take time to mature and all that kind of good stuff.

999
00:41:29,480 --> 00:41:30,480
Exactly.

1000
00:41:30,480 --> 00:41:34,040
And I think the big kind of news story here for me is like, you know, we're going to

1001
00:41:34,040 --> 00:41:37,000
have MetaMask, it's going to, you know, 35 million users.

1002
00:41:37,000 --> 00:41:41,920
I think, you know, not to be too negative, but you need to have some form of like go-to-market

1003
00:41:41,920 --> 00:41:44,200
strategy to attract new users.

1004
00:41:44,200 --> 00:41:46,400
They're not just going to come because cosmos.

1005
00:41:46,400 --> 00:41:50,120
And I haven't seen anyone have a plan for its release.

1006
00:41:50,120 --> 00:41:53,800
I think that's kind of the biggest disappointment in a sense for me.

1007
00:41:53,800 --> 00:41:55,560
It's like, hey, it's here.

1008
00:41:55,560 --> 00:41:56,680
We've got some functionality.

1009
00:41:56,680 --> 00:41:58,760
Let's have a plan where we can onboard some users.

1010
00:41:58,760 --> 00:42:00,680
Who are they going to be?

1011
00:42:00,680 --> 00:42:01,680
How are we going to do that?

1012
00:42:01,680 --> 00:42:02,840
Why do I agree?

1013
00:42:02,840 --> 00:42:07,920
I do think that the MetaMask integration itself is a huge deal.

1014
00:42:07,920 --> 00:42:11,160
Whenever I have to like go to Solana and download Phantom, I'm always like, you know what?

1015
00:42:11,160 --> 00:42:14,120
I don't know if I'm really that interested in this network.

1016
00:42:14,120 --> 00:42:15,920
So I don't know.

1017
00:42:15,920 --> 00:42:19,440
I absolutely see the criticism for sure that like there needs to be more holistic approach

1018
00:42:19,440 --> 00:42:23,080
to like completing the picture for people that want to come over.

1019
00:42:23,080 --> 00:42:25,560
But even just getting this step, I think is pretty incredible.

1020
00:42:25,560 --> 00:42:26,560
Oh, definitely.

1021
00:42:26,560 --> 00:42:27,560
Right.

1022
00:42:27,560 --> 00:42:31,160
And it's going to remove a massive blocker, which is if people don't like to touch other

1023
00:42:31,160 --> 00:42:35,040
wallets and they're not going to create a new wallet.

1024
00:42:35,040 --> 00:42:36,960
So it's a good news there.

1025
00:42:36,960 --> 00:42:42,400
I think it was because if users are basically Windows users in like 1998 and they just want

1026
00:42:42,400 --> 00:42:44,840
to use IE.

1027
00:42:44,840 --> 00:42:48,760
You know, I would accept that criticism, except how many wallets now have had exploits

1028
00:42:48,760 --> 00:42:52,240
where people lost their mnemonic because they started using the other wallet.

1029
00:42:52,240 --> 00:42:55,160
I don't know.

1030
00:42:55,160 --> 00:42:56,160
It's just unfortunate.

1031
00:42:56,160 --> 00:42:57,160
Yeah.

1032
00:42:57,160 --> 00:42:58,160
I mean, fair.

1033
00:42:58,160 --> 00:43:01,720
Like MetaMOS, it doesn't feel like the safest either.

1034
00:43:01,720 --> 00:43:05,600
Like I don't, I don't trust it anymore than.

1035
00:43:05,600 --> 00:43:06,600
I agree.

1036
00:43:06,600 --> 00:43:08,680
And the interface of it, I think kind of sucks.

1037
00:43:08,680 --> 00:43:09,680
Yeah.

1038
00:43:09,680 --> 00:43:12,480
It's basically the same as it was when it launched.

1039
00:43:12,480 --> 00:43:17,400
I mean, there's a few small differences, but it's not, it's not super fun to use.

1040
00:43:17,400 --> 00:43:23,960
It's similar to Kepler 1, which was, it was clunky, but once you learned how it thought,

1041
00:43:23,960 --> 00:43:24,960
it was very straightforward.

1042
00:43:24,960 --> 00:43:27,280
Like, oh, I know exactly what's going on here.

1043
00:43:27,280 --> 00:43:30,240
And then I think Kepler 2 lost that a little bit because there's, you have to like kind

1044
00:43:30,240 --> 00:43:34,720
of relearn how they're thinking about the chain structure and, and, you know, like

1045
00:43:34,720 --> 00:43:39,760
the idea of being able to, to allow specific coins on each individual wallet that you have

1046
00:43:39,760 --> 00:43:42,120
and all that kind of shit, which is kind of pain in the ass.

1047
00:43:42,120 --> 00:43:44,040
I think that, sorry, go ahead.

1048
00:43:44,040 --> 00:43:45,040
No, it's it.

1049
00:43:45,040 --> 00:43:47,520
No, it's going to say so, so I think that'll happen here as well.

1050
00:43:47,520 --> 00:43:49,680
Because I mean, I, I've talked with it a little bit.

1051
00:43:49,680 --> 00:43:52,960
I didn't do any transactions, which I was supposed to do with the ledger, but I was

1052
00:43:52,960 --> 00:43:56,640
able to at least log into some sites and see some stuff.

1053
00:43:56,640 --> 00:44:01,160
And I think you had a note here also, Remer, about like the, the scary kind of warnings

1054
00:44:01,160 --> 00:44:02,160
that come up with that.

1055
00:44:02,160 --> 00:44:06,480
And there was, there was a shitload too was like, Hey, this, like the wording, the wording

1056
00:44:06,480 --> 00:44:07,800
was not great.

1057
00:44:07,800 --> 00:44:11,760
Like the wording was like, I should have taken a screenshot of it, but, but maybe we can

1058
00:44:11,760 --> 00:44:13,920
take control of your cosmos assets.

1059
00:44:13,920 --> 00:44:14,920
I think it's exactly what it was.

1060
00:44:14,920 --> 00:44:20,040
Like this, you are going to get allows that allows you to take control of like Adam and

1061
00:44:20,040 --> 00:44:21,400
allows you to take control of this.

1062
00:44:21,400 --> 00:44:24,200
And there was a list of like 75 of them, right?

1063
00:44:24,200 --> 00:44:28,920
And the launch chains in that, in that first integration were not, not what I thought actually

1064
00:44:28,920 --> 00:44:32,800
it was, I think it was cosmos and osmosis and a couple other ones, but there was a couple

1065
00:44:32,800 --> 00:44:38,360
like, like meta block was in there and a bunch of like old school stuff in there as well.

1066
00:44:38,360 --> 00:44:40,080
But some other newer ones like stride was in there.

1067
00:44:40,080 --> 00:44:43,480
We wasn't in there by all the shit chains.

1068
00:44:43,480 --> 00:44:47,720
You said, yeah, I mean, I mean, use your own definitions, but, but yeah, like the wording

1069
00:44:47,720 --> 00:44:48,720
was a little bit weird.

1070
00:44:48,720 --> 00:44:50,960
It was like, we'll take control of your Adam and all that kind of stuff.

1071
00:44:50,960 --> 00:44:55,200
But, but I mean, at least it logged in and, and I also don't, you can't see your, you

1072
00:44:55,200 --> 00:44:57,080
can't see those tokens within the wallet right yet.

1073
00:44:57,080 --> 00:45:02,400
I don't think so it's still, it still takes a, there's, it's, it's got a ways to go,

1074
00:45:02,400 --> 00:45:03,400
right?

1075
00:45:03,400 --> 00:45:04,400
But it's very out focused, right?

1076
00:45:04,400 --> 00:45:06,880
So it's not very wallet focused.

1077
00:45:06,880 --> 00:45:07,880
It's very DAP focused.

1078
00:45:07,880 --> 00:45:15,280
So if the, if the DAP doesn't provide the functionality of, you know, mint NFT, send TX, etc.

1079
00:45:15,280 --> 00:45:17,920
You're likely not going to see it within the metamask wallet.

1080
00:45:17,920 --> 00:45:18,920
Yeah.

1081
00:45:18,920 --> 00:45:20,920
Essentially, all it's doing is signing the transaction.

1082
00:45:20,920 --> 00:45:21,920
Yeah.

1083
00:45:21,920 --> 00:45:22,920
It's, it's, you're right.

1084
00:45:22,920 --> 00:45:24,480
It's a, it's a signing interface is really what it is, right?

1085
00:45:24,480 --> 00:45:26,720
So which I guess also non ledger.

1086
00:45:26,720 --> 00:45:29,720
So it kind of limits it as well, but hopefully those things will be.

1087
00:45:29,720 --> 00:45:34,080
I think that Pontum is a great iteration on metamask.

1088
00:45:34,080 --> 00:45:38,560
Like it was Pontum is a, as a wallet on the Apto's ecosystem and they kind of start their

1089
00:45:38,560 --> 00:45:42,640
interface with the metamask interface and they kind of iterate on it just a little bit.

1090
00:45:42,640 --> 00:45:46,720
And in my opinion, their interface is really like the final form.

1091
00:45:46,720 --> 00:45:48,400
Like if you want to do metamax, right?

1092
00:45:48,400 --> 00:45:51,120
You do Pontum.

1093
00:45:51,120 --> 00:45:52,120
Yeah, it is.

1094
00:45:52,120 --> 00:45:53,120
Yeah.

1095
00:45:53,120 --> 00:45:54,120
Yeah.

1096
00:45:54,120 --> 00:45:55,120
I agree.

1097
00:45:55,120 --> 00:45:57,760
Even, even with, I mean, they also don't deal with the multi chain thing as much, right?

1098
00:45:57,760 --> 00:46:02,760
They deal with multi wallet, but like the whole thing, like it's a tough UI experience when

1099
00:46:02,760 --> 00:46:06,560
you're talking about multiple different chains and you have the same wallet, which might have

1100
00:46:06,560 --> 00:46:09,360
the same key structure, but slightly different across those.

1101
00:46:09,360 --> 00:46:13,920
And like it's not, it's not the easiest UI challenge to solve, but, and especially in

1102
00:46:13,920 --> 00:46:18,880
Cosmos, like, I don't know how they're going to do that, but if, if, like they granted

1103
00:46:18,880 --> 00:46:22,720
access to whatever this 20 chains are, if all those things show up as tokens in the

1104
00:46:22,720 --> 00:46:24,840
metamask wallet, people are going to hate that shit, right?

1105
00:46:24,840 --> 00:46:27,920
Like they don't want to see that because right now it's really permission to be able

1106
00:46:27,920 --> 00:46:30,440
to add a token within there.

1107
00:46:30,440 --> 00:46:33,120
And I think you have to have a, you know, you don't have to have balance, but at least

1108
00:46:33,120 --> 00:46:35,960
you have to have a, like you have to have something to be able to initiate that structure

1109
00:46:35,960 --> 00:46:39,960
where that gets shown or to, or to go out and search and see if you have a balance on

1110
00:46:39,960 --> 00:46:42,280
it on a different ERC 20.

1111
00:46:42,280 --> 00:46:45,040
And so maybe that would have to be the same because you wouldn't want to see this big

1112
00:46:45,040 --> 00:46:48,720
long list of, which I think metamask or Kepler does right now, right?

1113
00:46:48,720 --> 00:46:51,000
So I think the reason they hide some of those types of things is they don't want to show

1114
00:46:51,000 --> 00:46:55,160
75 or 100 different chains with zero balances on them.

1115
00:46:55,160 --> 00:46:56,960
Anyway, yeah, but anyway, it's good stuff, right?

1116
00:46:56,960 --> 00:47:01,400
I think it's a, it's a starting point and we'll see what comes next.

1117
00:47:01,400 --> 00:47:02,400
Yeah.

1118
00:47:02,400 --> 00:47:03,400
I think it's cool.

1119
00:47:03,400 --> 00:47:06,800
It was, it was always fun, like jumping in and being like, Hey, like I'm using metamask

1120
00:47:06,800 --> 00:47:10,280
to buy an NFT and, you know, play around with it.

1121
00:47:10,280 --> 00:47:11,280
That was, that was cool.

1122
00:47:11,280 --> 00:47:15,960
So hopefully we, we get some adoption from it and let's see version two.

1123
00:47:15,960 --> 00:47:20,400
So if you think that who owns the go to market there, like, is that, is that a, I mean, there's

1124
00:47:20,400 --> 00:47:23,800
a, a Dow did some sponsoring of this to be able to help build some of these.

1125
00:47:23,800 --> 00:47:29,480
Leap has their own, the Stargaze, is it, is it like say an NFT, it's Stargaze obviously

1126
00:47:29,480 --> 00:47:36,400
has a, now they have a, not the most beautiful, but a in road to a tremendous more of amount

1127
00:47:36,400 --> 00:47:37,520
of users.

1128
00:47:37,520 --> 00:47:41,440
So each chain has their own GDM go to market around each of each of that, right?

1129
00:47:41,440 --> 00:47:46,800
Or is there, do you think there's a centralized entity that does a larger go to market around

1130
00:47:46,800 --> 00:47:50,840
being able to show metamask users that this world has opened?

1131
00:47:50,840 --> 00:47:52,000
I think it should be both.

1132
00:47:52,000 --> 00:47:57,200
I think something like either a Dow or, you know, even ICF should be leading a broader

1133
00:47:57,200 --> 00:47:59,040
go to market strategy for cosmos.

1134
00:47:59,040 --> 00:48:04,000
You know, you can, you know, now using your metamask, well, you can connect to cosmos.

1135
00:48:04,000 --> 00:48:08,080
You know, his, how to do it, his various apps that are supported, et cetera.

1136
00:48:08,080 --> 00:48:11,680
I think that should be what they're doing from a holistic approach.

1137
00:48:11,680 --> 00:48:15,840
But then individually, I think whoever's trying to capture some of that liquidity that's coming

1138
00:48:15,840 --> 00:48:18,520
across should have their own go to market strategies, right?

1139
00:48:18,520 --> 00:48:24,320
So, you know, neutron, osmosis, Stargaze as, as examples or shade as examples, they should

1140
00:48:24,320 --> 00:48:26,600
be having a plan to onboard users.

1141
00:48:26,600 --> 00:48:31,360
And I suggest that this to the Stargaze team is bring back the original Starz air drop,

1142
00:48:31,360 --> 00:48:37,480
modify it for metamask users and wallets and specifically target your audience, right?

1143
00:48:37,480 --> 00:48:38,480
Who is your audience?

1144
00:48:38,480 --> 00:48:40,880
It's going to be NFT whales, right?

1145
00:48:40,880 --> 00:48:42,640
You don't want to airdrop to the plebs.

1146
00:48:42,640 --> 00:48:45,520
That's very obvious that it's going to farm your stars and leave.

1147
00:48:45,520 --> 00:48:51,400
So some things that you could do as examples would be the original airdrop was like task

1148
00:48:51,400 --> 00:48:52,400
and claim base.

1149
00:48:52,400 --> 00:48:57,480
So first thing is like bridge $500 from ETH to Starz, right?

1150
00:48:57,480 --> 00:49:03,840
If you do that, you're eligible to collect some stars, mint an open edition, mint for

1151
00:49:03,840 --> 00:49:11,200
free, you can claim some stars LP, some stars, USDC, you know, pool, you can claim some stars

1152
00:49:11,200 --> 00:49:15,760
like locking it up so that you're incentivizing them and bringing them across and getting

1153
00:49:15,760 --> 00:49:21,200
them involved in both the token and the platform and things like, you know, listing an NFT

1154
00:49:21,200 --> 00:49:26,200
or buying an NFT, you can then claim some stars, whether it's vested or not, whatever.

1155
00:49:26,200 --> 00:49:30,600
There's obviously a risk there, but at least you're attempting to bring across liquidity

1156
00:49:30,600 --> 00:49:35,640
over the bridges and getting those NFT whales involved.

1157
00:49:35,640 --> 00:49:41,280
And, you know, he's had to buy a bad kid, come and do it and claim some stars as an example.

1158
00:49:41,280 --> 00:49:43,680
You don't want to shield bad kids all the time.

1159
00:49:43,680 --> 00:49:44,680
I think it's played out.

1160
00:49:44,680 --> 00:49:45,680
Yeah, agreed.

1161
00:49:45,680 --> 00:49:46,680
They're the only blue chip.

1162
00:49:46,680 --> 00:49:51,000
They're the only real blue chip in our hearts.

1163
00:49:51,000 --> 00:49:52,000
But the tooling is there.

1164
00:49:52,000 --> 00:49:55,080
That idea, it's basically like a Stargaze welcome pack, right?

1165
00:49:55,080 --> 00:49:58,840
Like you build some structure around some specific activities that you want to be able

1166
00:49:58,840 --> 00:50:01,840
to have and those types of things, which I think makes sense.

1167
00:50:01,840 --> 00:50:07,560
Like then I guess the benefit is, I mean, I'm just so disappointed with the Stargaze

1168
00:50:07,560 --> 00:50:12,760
price because under a cent, I think it's anything that's under, I think a cent in the

1169
00:50:12,760 --> 00:50:18,280
USD is still, I think people look down on that as a project, even though I think that

1170
00:50:18,280 --> 00:50:20,200
is one of the best projects in the ecosystem.

1171
00:50:20,200 --> 00:50:23,880
Like, I think it's one of the best projects in crypto.

1172
00:50:23,880 --> 00:50:29,600
And I think that really undermines the value and the quality of the tooling, the quality

1173
00:50:29,600 --> 00:50:34,240
of some of the projects on there and everything else that's coming behind that.

1174
00:50:34,240 --> 00:50:37,640
That's the only part that really disappoints me, but I guess that's a mix of things that

1175
00:50:37,640 --> 00:50:38,640
create that.

1176
00:50:38,640 --> 00:50:39,640
But I think that makes sense.

1177
00:50:39,640 --> 00:50:40,640
There's some challenges, right?

1178
00:50:40,640 --> 00:50:45,800
Like I think the pools, NFT pools are coming out soon.

1179
00:50:45,800 --> 00:50:51,840
I think pairing your NFTs against stars, I think utilizing liquid state stars across

1180
00:50:51,840 --> 00:50:53,360
the marketplace would be a lot better.

1181
00:50:53,360 --> 00:50:57,480
So rather than just using native stars, you can use liquid state stars, you can list and

1182
00:50:57,480 --> 00:51:00,320
buy against liquid state stars.

1183
00:51:00,320 --> 00:51:04,440
And again, I harp on this for days and days and weeks and weeks.

1184
00:51:04,440 --> 00:51:09,080
Getting their own pair against USDC will support and strengthen the token rather than being

1185
00:51:09,080 --> 00:51:13,000
only paired against Osmosis.

1186
00:51:13,000 --> 00:51:17,040
It's obviously not the issue, but it's one of the issues that they face.

1187
00:51:17,040 --> 00:51:25,880
Does DYDX single-handedly solve that problem or that's like, could you do that as well?

1188
00:51:25,880 --> 00:51:29,840
Does DYDX, you talk about like in terms of like one click across from Ethereum, USDC

1189
00:51:29,840 --> 00:51:34,280
to Cosmos, USDC and like really making that seamless associated.

1190
00:51:34,280 --> 00:51:38,840
Are you relating that idea back to the DYDX thing or just in general?

1191
00:51:38,840 --> 00:51:46,360
That's just squid router and I think it's either GMP or CCTP, the axilar, et cetera,

1192
00:51:46,360 --> 00:51:50,400
the bridges are making that one click experience and pack it forward middleware from my understanding.

1193
00:51:50,400 --> 00:51:54,080
So it doesn't, that's just the bridging.

1194
00:51:54,080 --> 00:51:58,160
Pooling against USDC for your sovereign 01 is critical.

1195
00:51:58,160 --> 00:52:03,560
Getting away from other tokens that are having downward pressure and then obviously Stargaze

1196
00:52:03,560 --> 00:52:06,680
itself needs to figure out its token.

1197
00:52:06,680 --> 00:52:11,560
Like you're minting everything in stars, you're selling on secondary in stars, people are going

1198
00:52:11,560 --> 00:52:14,640
to take their profits in stars and it's going to put down on pressure on the token.

1199
00:52:14,640 --> 00:52:21,000
So you need to solve that problem, either burn more tokens or enable people to list

1200
00:52:21,000 --> 00:52:24,440
in other tokens that don't put pressure on the token.

1201
00:52:24,440 --> 00:52:25,440
Which I think is coming right?

1202
00:52:25,440 --> 00:52:31,520
That was also a good thing that USDC has just entered, has just entered player two.

1203
00:52:31,520 --> 00:52:32,520
Yeah.

1204
00:52:32,520 --> 00:52:33,520
Yeah.

1205
00:52:33,520 --> 00:52:38,680
I mean, and I think now that Cosmos hubs deployed the liquid staking module, I think we'll probably

1206
00:52:38,680 --> 00:52:40,280
see other chains start to do it soon.

1207
00:52:40,280 --> 00:52:45,160
So I think it would make sense for stars to put LSM on there and then all that stake

1208
00:52:45,160 --> 00:52:51,080
stars you can now have liquid, you can pair it against your NFTs, still staking, increase

1209
00:52:51,080 --> 00:52:56,480
the staking amount on the chain and then use it in Defy and LP, et cetera.

1210
00:52:56,480 --> 00:53:00,680
So wasn't there already stride liquid staking module exists?

1211
00:53:00,680 --> 00:53:01,680
Like what's different?

1212
00:53:01,680 --> 00:53:03,480
Yeah, instant unbond.

1213
00:53:03,480 --> 00:53:09,600
So the liquid staking module takes your state stars or Adam and enables you to instantly

1214
00:53:09,600 --> 00:53:13,960
unbond it into a liquid stake derivative that you can use elsewhere.

1215
00:53:13,960 --> 00:53:17,320
So the only difference between that and ST Adam is what?

1216
00:53:17,320 --> 00:53:19,880
Just the unbonding period to be able to...

1217
00:53:19,880 --> 00:53:20,880
Oh, okay.

1218
00:53:20,880 --> 00:53:21,880
All right.

1219
00:53:21,880 --> 00:53:25,240
So it bypasses unbonding period to be able to turn that into liquid staking.

1220
00:53:25,240 --> 00:53:26,240
Yeah.

1221
00:53:26,240 --> 00:53:27,240
Okay.

1222
00:53:27,240 --> 00:53:28,240
Which we're about to get to.

1223
00:53:28,240 --> 00:53:29,740
So a nice little segue there.

1224
00:53:29,740 --> 00:53:32,440
The Cosmos hub exit liquidity module is now live.

1225
00:53:32,440 --> 00:53:38,200
Private little groups will know why that one's funny.

1226
00:53:38,200 --> 00:53:39,760
I'll read the headline.

1227
00:53:39,760 --> 00:53:40,760
Sorry.

1228
00:53:40,760 --> 00:53:41,760
Exit.

1229
00:53:41,760 --> 00:53:42,760
Can we just...

1230
00:53:42,760 --> 00:53:50,280
I think it's very important to bring up that we've had two headlines in a row, which

1231
00:53:50,280 --> 00:53:53,480
you've not read your own snippy headline.

1232
00:53:53,480 --> 00:54:02,000
Well, let's be honest, you would give Nala a lot of stick if he did not read that verbatim.

1233
00:54:02,000 --> 00:54:03,000
I read it.

1234
00:54:03,000 --> 00:54:05,880
It's Cosmos hub exit liquidity module is live.

1235
00:54:05,880 --> 00:54:11,080
Enabling all previous back holders to convert their state data into a receipt token, which

1236
00:54:11,080 --> 00:54:14,160
they can use to obtain ST Adam by a stride.

1237
00:54:14,160 --> 00:54:15,600
A little bit of...

1238
00:54:15,600 --> 00:54:16,600
Sorry.

1239
00:54:16,600 --> 00:54:20,520
You could also do it via persistence if you wanted to, but we all know that 90% of it's

1240
00:54:20,520 --> 00:54:23,120
going to be stride.

1241
00:54:23,120 --> 00:54:25,440
Little bit of tech talk here, which is rather interesting.

1242
00:54:25,440 --> 00:54:31,320
I was listening into the liquid stake module call with stride and informal.

1243
00:54:31,320 --> 00:54:39,320
And when you tokenize your items from your state data into your tokenized Adam, which

1244
00:54:39,320 --> 00:54:47,320
is your unbonded Adam, you then move it to stride and get state data.

1245
00:54:47,320 --> 00:54:50,680
You can then use that wherever and however you want.

1246
00:54:50,680 --> 00:54:56,800
Stride then has an obligation to stake items back into the validator set.

1247
00:54:56,800 --> 00:55:01,520
The way that that's currently operating is that there's one interchange account for all

1248
00:55:01,520 --> 00:55:05,280
state Adam, 3.5 million items.

1249
00:55:05,280 --> 00:55:09,800
And there's a limitation within, I believe, the SDK module where you can only do seven

1250
00:55:09,800 --> 00:55:13,040
redelegations per month.

1251
00:55:13,040 --> 00:55:21,960
So what they do is they actually hold that on Adam, the unstaked Adams as an NFT until

1252
00:55:21,960 --> 00:55:26,000
they hit their monthly redelegation cycle.

1253
00:55:26,000 --> 00:55:35,880
That word for word, please confirm it from the space that I linked in the recording.

1254
00:55:35,880 --> 00:55:39,840
So that seems like a limitation that could be, that could be a governance change, right,

1255
00:55:39,840 --> 00:55:41,400
in terms of changing the...

1256
00:55:41,400 --> 00:55:43,400
I don't think that's a problem.

1257
00:55:43,400 --> 00:55:45,400
Yeah, I don't think it's a problem.

1258
00:55:45,400 --> 00:55:48,280
I think it's a code side limitation.

1259
00:55:48,280 --> 00:55:54,440
Yeah, there's a lot of limit there, quite a lot of limitations with interchange accounts

1260
00:55:54,440 --> 00:55:57,720
because they're still quite early days.

1261
00:55:57,720 --> 00:56:02,600
And there's a lot of hereby dragons type stuff in the code.

1262
00:56:02,600 --> 00:56:05,360
Well, that's not a limitation in ICA though.

1263
00:56:05,360 --> 00:56:07,480
That's just a staking limitation.

1264
00:56:07,480 --> 00:56:12,160
You can only undeligate seven times per month or maybe a period per account.

1265
00:56:12,160 --> 00:56:15,320
Yeah, so the interaction between the machine and the staking.

1266
00:56:15,320 --> 00:56:18,800
The challenge is the way that Stride is doing their delegations.

1267
00:56:18,800 --> 00:56:19,800
And this isn't...

1268
00:56:19,800 --> 00:56:20,800
Right.

1269
00:56:20,800 --> 00:56:21,880
Other Dapps have had this.

1270
00:56:21,880 --> 00:56:26,240
So Cosmos Millions, what are they called?

1271
00:56:26,240 --> 00:56:31,400
The Vaults on Osmosis, Quasar had the same issue.

1272
00:56:31,400 --> 00:56:33,400
Oh, Quasar, yeah.

1273
00:56:33,400 --> 00:56:39,520
So both of those using interchange accounts faced the same issue after the fact.

1274
00:56:39,520 --> 00:56:46,640
So they went live, realized that they hit their redelegation or undeligation cap and

1275
00:56:46,640 --> 00:56:48,680
users accounts funds were just locked.

1276
00:56:48,680 --> 00:56:54,520
So the solution that they've come up with is to use multiple accounts and do batching

1277
00:56:54,520 --> 00:56:56,640
to handle it.

1278
00:56:56,640 --> 00:57:02,120
It seems like Stride just wants to have one account and they'll just do their delegation

1279
00:57:02,120 --> 00:57:03,760
once a month.

1280
00:57:03,760 --> 00:57:05,400
So there is a...

1281
00:57:05,400 --> 00:57:10,200
What's the expectation of loss with that sitting on the sideline?

1282
00:57:10,200 --> 00:57:14,480
Because, I mean, while it sits in that structure, it's not earning, right?

1283
00:57:14,480 --> 00:57:16,400
So there's a loss in terms of APR.

1284
00:57:16,400 --> 00:57:20,400
So they just do the math to figure out and lower that expectation based off this weird

1285
00:57:20,400 --> 00:57:22,640
NFT monthly staking structure?

1286
00:57:22,640 --> 00:57:24,400
Yeah, I didn't...

1287
00:57:24,400 --> 00:57:25,400
I was listening to it.

1288
00:57:25,400 --> 00:57:26,400
It was like 2 a.m. or something.

1289
00:57:26,400 --> 00:57:30,760
I fell asleep, but I listened to that part and I thought it was noteworthy.

1290
00:57:30,760 --> 00:57:35,640
And yeah, essentially they handled their delegations and redelegations once a month.

1291
00:57:35,640 --> 00:57:41,040
The Delta is sitting there waiting in between and probably just suffer a small hit.

1292
00:57:41,040 --> 00:57:46,080
What happens if there's a slashing event with the Validate that they're delegated

1293
00:57:46,080 --> 00:57:49,440
to that's going to cause them a pretty big economic problem?

1294
00:57:49,440 --> 00:57:52,960
They do a governance proposal and everybody just forgives it and they move on.

1295
00:57:52,960 --> 00:57:54,960
Of course, yeah, we just rewrite the ledger.

1296
00:57:54,960 --> 00:57:55,960
I think that's what we do.

1297
00:57:55,960 --> 00:57:56,960
We just ignore the rules.

1298
00:57:56,960 --> 00:58:04,760
But wait, they're a fucking silly balls chain now, aren't they?

1299
00:58:04,760 --> 00:58:05,760
ICS.

1300
00:58:05,760 --> 00:58:06,760
ICS.

1301
00:58:06,760 --> 00:58:10,480
The rewriting the ledger just got a lot harder, right?

1302
00:58:10,480 --> 00:58:16,040
Because you stop your ledger, you stop consensus for that other chain, the one they're...

1303
00:58:16,040 --> 00:58:17,040
And they brought up with it.

1304
00:58:17,040 --> 00:58:18,040
Neutron?

1305
00:58:18,040 --> 00:58:19,040
No.

1306
00:58:19,040 --> 00:58:20,040
Yes.

1307
00:58:20,040 --> 00:58:21,040
Yeah.

1308
00:58:21,040 --> 00:58:23,040
They don't have to fork that, right?

1309
00:58:23,040 --> 00:58:26,040
I thought they just governance, prop that out and figure out a way...

1310
00:58:26,040 --> 00:58:27,040
Oh, maybe...

1311
00:58:27,040 --> 00:58:28,040
I don't know how they do that actually.

1312
00:58:28,040 --> 00:58:31,440
So, if you get slashed on Adam, you just get slashed.

1313
00:58:31,440 --> 00:58:36,240
If you get slashed on a consumer chain, you've got to go through the slashing prop.

1314
00:58:36,240 --> 00:58:37,240
That's right.

1315
00:58:37,240 --> 00:58:38,240
But that's the thing.

1316
00:58:38,240 --> 00:58:42,200
If you get slashed on Adam and then you have to do shenanigans on Adam, then you're in

1317
00:58:42,200 --> 00:58:43,200
trouble.

1318
00:58:43,200 --> 00:58:44,200
Yeah.

1319
00:58:44,200 --> 00:58:48,760
So, your point being that if an Adam validator gets slashed, that holds a significant amount

1320
00:58:48,760 --> 00:58:51,840
of these stride bonded tokens.

1321
00:58:51,840 --> 00:58:52,840
Copy it to that.

1322
00:58:52,840 --> 00:58:57,040
You're forgetting that one of the greatest features of the liquid state module is that

1323
00:58:57,040 --> 00:59:01,840
we centralize all this state Adam into 32 validators' hands.

1324
00:59:01,840 --> 00:59:08,440
So the select 32, the cream of the crop, primo validators that we don't slash, they just

1325
00:59:08,440 --> 00:59:10,760
fundamentally don't get slashed.

1326
00:59:10,760 --> 00:59:16,720
All of the other validators who offer liquid staking, their stake and their liquid tokens

1327
00:59:16,720 --> 00:59:21,760
for their delegators go to these other 32 to centralize the chain.

1328
00:59:21,760 --> 00:59:22,760
So, proper solved.

1329
00:59:22,760 --> 00:59:23,760
Perfect.

1330
00:59:23,760 --> 00:59:24,760
I hope it's taken in there.

1331
00:59:24,760 --> 00:59:27,760
Right, those 32 can still be slashed.

1332
00:59:27,760 --> 00:59:31,360
Technically, yes, but they're the best.

1333
00:59:31,360 --> 00:59:32,360
That's why they're getting all the best.

1334
00:59:32,360 --> 00:59:36,240
I mean, I used to give them the best where we're obviously not disagreeing with that.

1335
00:59:36,240 --> 00:59:40,560
I'm sure that there are some names in there that we all think are the most professional

1336
00:59:40,560 --> 00:59:42,680
outfits to ever grace this earth.

1337
00:59:42,680 --> 00:59:48,360
But let's imagine here a narrative where one of those guys gets slashed, then that's going

1338
00:59:48,360 --> 00:59:52,560
to cause all hell of problems when you're looking at downstream economic effects.

1339
00:59:52,560 --> 00:59:58,680
It's like an actual economy, but an economy only built on derivatives.

1340
00:59:58,680 --> 01:00:02,800
I mean, I can't think of a time this has ever gone wrong in human history, so it's probably

1341
01:00:02,800 --> 01:00:03,800
going to be fine.

1342
01:00:03,800 --> 01:00:04,800
It should be fine.

1343
01:00:04,800 --> 01:00:05,800
It should be fine.

1344
01:00:05,800 --> 01:00:11,600
But hey, it's all right because we've got fear in the ecosystem now, finally.

1345
01:00:11,600 --> 01:00:15,320
So, we can build some derivatives on top of that, which would be cool.

1346
01:00:15,320 --> 01:00:22,160
We've got all this additional economic stimulus through the ecosystem now that we'll be able

1347
01:00:22,160 --> 01:00:26,440
to recover from it really easy because all that previously staked out and that was securing

1348
01:00:26,440 --> 01:00:32,440
the hub is now liquid and we can use it and generate some inflation elsewhere.

1349
01:00:32,440 --> 01:00:33,440
Lots of inflation.

1350
01:00:33,440 --> 01:00:34,440
Yeah.

1351
01:00:34,440 --> 01:00:39,320
I mean, it's all really, really good news before America goes into an election cycle

1352
01:00:39,320 --> 01:00:41,720
that could cause them to fall into a civil war.

1353
01:00:41,720 --> 01:00:45,280
So, I for one am looking forward.

1354
01:00:45,280 --> 01:00:47,880
I don't know what you're talking about.

1355
01:00:47,880 --> 01:00:53,120
I mean, America's like, I'm not stockpiling baby in style.

1356
01:00:53,120 --> 01:00:54,120
That would be bad.

1357
01:00:54,120 --> 01:00:55,120
It should be fine.

1358
01:00:55,120 --> 01:00:56,120
It should be fine.

1359
01:00:56,120 --> 01:00:57,120
Yeah.

1360
01:00:57,120 --> 01:00:58,800
I'm not putting a bunker in the backyard.

1361
01:00:58,800 --> 01:00:59,800
It's fine.

1362
01:00:59,800 --> 01:01:07,400
I'm just buying up a supply of NATO flags to sellers like Souvenirs when day one, you

1363
01:01:07,400 --> 01:01:12,920
know, Levin had withdraws from NATO and it becomes a footnote in history books.

1364
01:01:12,920 --> 01:01:15,040
I'll be like, I'll be that guy in eBay.

1365
01:01:15,040 --> 01:01:23,800
Get underscore your underscore NATO underscore flags underscore 1985 selling NATO flags historic

1366
01:01:23,800 --> 01:01:28,760
replica historic memorabilia, 100 euro piece niche market.

1367
01:01:28,760 --> 01:01:29,760
He's cornered it.

1368
01:01:29,760 --> 01:01:30,760
He bought them all.

1369
01:01:30,760 --> 01:01:32,200
He bought them all before the guy even got elected.

1370
01:01:32,200 --> 01:01:36,600
He knew it was coming inside of trading to know what other flags, what other flags would

1371
01:01:36,600 --> 01:01:39,600
be consigned to the history books.

1372
01:01:39,600 --> 01:01:42,960
The Ukrainian one probably because he'll just sell out, sell them out to the Russians.

1373
01:01:42,960 --> 01:01:45,960
So buy up your Ukrainian flags too.

1374
01:01:45,960 --> 01:01:46,960
That's a dark one.

1375
01:01:46,960 --> 01:01:47,960
Sorry about that.

1376
01:01:47,960 --> 01:01:50,400
Ukrainian listeners, Slava Ukraine.

1377
01:01:50,400 --> 01:01:51,400
We have one.

1378
01:01:51,400 --> 01:01:52,400
Yeah.

1379
01:01:52,400 --> 01:01:55,600
Maybe, maybe two had had one.

1380
01:01:55,600 --> 01:01:56,600
Yeah.

1381
01:01:56,600 --> 01:02:03,760
Hey, look, if it was my call, you know, we'd be spending, we'd, Raytheon would be spending

1382
01:02:03,760 --> 01:02:07,240
a lot more time producing javelin missiles for Ukraine.

1383
01:02:07,240 --> 01:02:09,240
That's that's what I'm saying.

1384
01:02:09,240 --> 01:02:12,240
Anyway, back to you.

1385
01:02:12,240 --> 01:02:20,480
That's a great segue into our next news topic, which is all about friends.

1386
01:02:20,480 --> 01:02:26,080
So there's two things that I wanted to talk to Stargaze looks like they're shipping lots

1387
01:02:26,080 --> 01:02:29,640
of features related to community.

1388
01:02:29,640 --> 01:02:35,800
One of the devs released a new on-chain community chat.

1389
01:02:35,800 --> 01:02:39,040
So it's tied to your, you know, Star's wallet.

1390
01:02:39,040 --> 01:02:41,720
IBC.chat is where it is.

1391
01:02:41,720 --> 01:02:45,880
And you can go in there, you can DM other wallets, you can create groups and you can

1392
01:02:45,880 --> 01:02:48,520
chat without transactions.

1393
01:02:48,520 --> 01:02:51,120
But it's, you know, your ID is your star name.

1394
01:02:51,120 --> 01:02:52,120
Do you know who did that?

1395
01:02:52,120 --> 01:02:53,120
That's kind of cool.

1396
01:02:53,120 --> 01:02:54,120
Yeah.

1397
01:02:54,120 --> 01:02:55,120
The tweet is in the spreadsheet.

1398
01:02:55,120 --> 01:02:57,280
I don't know the gentleman's name.

1399
01:02:57,280 --> 01:03:01,400
I haven't heard of him too much before, but they ship that which is cool.

1400
01:03:01,400 --> 01:03:03,320
Fabian Penzo is the Twitter account.

1401
01:03:03,320 --> 01:03:04,320
So was it?

1402
01:03:04,320 --> 01:03:05,320
Oh, is it Fabian?

1403
01:03:05,320 --> 01:03:09,800
So it leads me to conclude it may well be Fabian Penzo.

1404
01:03:09,800 --> 01:03:10,800
It is Fabian Penzo.

1405
01:03:10,800 --> 01:03:11,800
Okay.

1406
01:03:11,800 --> 01:03:12,800
Yeah.

1407
01:03:12,800 --> 01:03:14,680
We work with him because he does a lot of the stuff behind the scenes of Stargaze and

1408
01:03:14,680 --> 01:03:16,000
I think he's part of Stargaze team now.

1409
01:03:16,000 --> 01:03:18,640
Or is he part of Stargaze team now?

1410
01:03:18,640 --> 01:03:20,680
Maybe it may be Tenshenshul.

1411
01:03:20,680 --> 01:03:21,680
I don't know.

1412
01:03:21,680 --> 01:03:25,600
I know he handles a lot of the stuff related to consolation and some of the market behind

1413
01:03:25,600 --> 01:03:26,600
the scene marketplace.

1414
01:03:26,600 --> 01:03:27,600
I know he's a dev.

1415
01:03:27,600 --> 01:03:31,840
I met him in the early days.

1416
01:03:31,840 --> 01:03:39,120
We talk all the time actually just because he uses some RPC stuff and we pin all the

1417
01:03:39,120 --> 01:03:40,360
IPFS stuff for Stargaze.

1418
01:03:40,360 --> 01:03:44,440
So he provides a link or a feed for that based on what's coming through testnet, domainnet

1419
01:03:44,440 --> 01:03:45,440
and all that kind of good stuff.

1420
01:03:45,440 --> 01:03:46,440
So that's really cool.

1421
01:03:46,440 --> 01:03:51,040
I didn't know that 49 people waiting to be let in on the invite code.

1422
01:03:51,040 --> 01:03:56,160
It's really cool to work behind the scenes of Stargaze.

1423
01:03:56,160 --> 01:03:59,000
I got to be the one to work the back chat.

1424
01:03:59,000 --> 01:04:04,720
Is this similar to the one on Secret, what's it called?

1425
01:04:04,720 --> 01:04:05,720
I don't remember.

1426
01:04:05,720 --> 01:04:06,720
I'm losing track.

1427
01:04:06,720 --> 01:04:07,720
They had this on Secret, right?

1428
01:04:07,720 --> 01:04:11,280
So I think the intention is to have this for the interchange or for whatever chain you

1429
01:04:11,280 --> 01:04:12,280
wanted.

1430
01:04:12,280 --> 01:04:17,120
One of the comments of the news article here was I thought was quite hilarious.

1431
01:04:17,120 --> 01:04:22,320
to the replies and he's just like, can we make this token gated and only access for

1432
01:04:22,320 --> 01:04:26,000
a certain amount of staked atoms so we can use it for governance?

1433
01:04:28,160 --> 01:04:32,640
So I had to take the opportunity to quote retweet and ship post on it.

1434
01:04:32,640 --> 01:04:35,600
So I was like, the poor and the new are not allowed to speak to governance.

1435
01:04:35,600 --> 01:04:37,280
You will listen to the rich and the old God.

1436
01:04:38,240 --> 01:04:41,920
I jumped in there. I'm like, isn't that exactly the current Cosmos governance?

1437
01:04:41,920 --> 01:04:45,200
This is exactly what it is. This is fucking, it's all validators voting.

1438
01:04:45,200 --> 01:04:48,240
What do you want? How much more is centralize going to be than elected officials?

1439
01:04:48,240 --> 01:04:49,920
Come on now. It's exactly what it is.

1440
01:04:50,480 --> 01:04:52,800
Yeah. So it's like, Hey, here's this fun community thing.

1441
01:04:52,800 --> 01:04:55,600
You know, you can get involved in chat with the NFT community.

1442
01:04:55,600 --> 01:05:00,560
No, we will token gate this and this is for us to discuss official governance business.

1443
01:05:01,120 --> 01:05:03,280
And if you're a pleb, you are not allowed in.

1444
01:05:04,640 --> 01:05:05,840
But no, it's fine.

1445
01:05:05,840 --> 01:05:07,280
Song off the wall or something.

1446
01:05:07,280 --> 01:05:10,400
Yeah, I swear it's a Pink Floyd song just exactly about built on that.

1447
01:05:10,400 --> 01:05:16,240
Yeah. And then the second one, which was kind of subtly released was Shane from stars.

1448
01:05:16,800 --> 01:05:21,360
He's done like a 400 line Cosmos version of friends.tech.

1449
01:05:22,480 --> 01:05:26,080
So I think he's looking to kind of get that into beta and start testing that,

1450
01:05:27,120 --> 01:05:28,080
which would be interesting.

1451
01:05:28,080 --> 01:05:29,600
So I looked at the community.

1452
01:05:30,320 --> 01:05:32,960
After you posted, I look at the repo is all like three or four weeks ago.

1453
01:05:33,520 --> 01:05:37,680
That that's, I don't know, Shane, worry well, but I know well enough to at least,

1454
01:05:37,680 --> 01:05:41,520
I think he probably looked at that saw the hyper on his like, I could build that and just,

1455
01:05:41,520 --> 01:05:44,080
it's just maybe pulled in all night or just built the whole damn thing.

1456
01:05:45,280 --> 01:05:48,240
Because it's all like, it looked like it was one push like three weeks ago.

1457
01:05:48,240 --> 01:05:50,160
So it was, it's pretty cool.

1458
01:05:50,160 --> 01:05:50,800
Hopefully he does it.

1459
01:05:51,840 --> 01:05:52,560
Yeah. I'm sorry.

1460
01:05:52,560 --> 01:05:54,080
I'm battling tech support over here still.

1461
01:05:54,640 --> 01:05:56,240
Yeah. It's, I think it's really cool.

1462
01:05:56,240 --> 01:06:01,200
Like the, especially for stars in particular, like shipping community based features like that,

1463
01:06:01,200 --> 01:06:02,800
right? Like they're very community orientated.

1464
01:06:02,800 --> 01:06:06,640
So it makes sense for them to kind of ship those kind of community chats.

1465
01:06:06,640 --> 01:06:10,720
And if you can get done chain and it's away from, you know, web to type social,

1466
01:06:10,720 --> 01:06:14,240
then I think we're making good steps, especially if it's not using transactions,

1467
01:06:14,240 --> 01:06:16,960
but it's using your on chain identity.

1468
01:06:16,960 --> 01:06:18,080
I think those are kind of cool.

1469
01:06:18,080 --> 01:06:19,280
Yep. Very cool.

1470
01:06:19,280 --> 01:06:22,640
So Jake, Jake's lurking in the chat and I said,

1471
01:06:22,640 --> 01:06:27,840
was actually in the first version of stargaze, which, which I remember steak, steak bird,

1472
01:06:28,480 --> 01:06:30,160
which was the state.

1473
01:06:31,120 --> 01:06:32,160
Pretty sure that was the name of it.

1474
01:06:32,800 --> 01:06:34,880
Is that the chat part or which part?

1475
01:06:34,880 --> 01:06:38,880
That was the, well, it was like, it was like, there are a bunch of stuff with,

1476
01:06:40,240 --> 01:06:45,680
like, yeah, sort of like a delegate staking and social staking and stuff.

1477
01:06:46,320 --> 01:06:50,640
So it's something obviously that Shane's thought a lot about and the rest of the stargaze

1478
01:06:50,640 --> 01:06:52,080
he even thought a lot about over the years.

1479
01:06:52,080 --> 01:06:56,480
So it's no surprise that obviously they've got some thoughts about how that would,

1480
01:06:57,280 --> 01:06:58,400
how that would work.

1481
01:06:58,400 --> 01:07:02,240
And therefore, you know, I think there's that back to the thing that we've talked about with

1482
01:07:02,240 --> 01:07:06,640
stargaze before when we had Shane on the Jorge on and we've also talked to Jake about it too,

1483
01:07:06,640 --> 01:07:07,440
one point or another.

1484
01:07:08,160 --> 01:07:12,320
Like everybody knows the whole NFT thing is basically a social thing and that's the way it

1485
01:07:12,320 --> 01:07:12,800
works.

1486
01:07:12,800 --> 01:07:20,240
So I think they, from, you know, the team very much started on the social side, pivoted to the NFT

1487
01:07:20,240 --> 01:07:27,920
side because that had a bigger community than Web3Social and now heading back in that sort of

1488
01:07:27,920 --> 01:07:32,800
direction, which again kind of makes sense as a kind of roadmap. Yeah.

1489
01:07:32,800 --> 01:07:37,760
And to your point, you say, like, it's back to the thing of like the reason that stargaze is a

1490
01:07:37,760 --> 01:07:42,640
pretty good project in CosmosTurbs, is there a project that probably actually have a roadmap

1491
01:07:42,640 --> 01:07:45,360
unlike most others, to be honest?

1492
01:07:45,920 --> 01:07:50,960
Well, I think it, I mean, other than getting away from derivatives and swapping tokens and

1493
01:07:50,960 --> 01:07:55,200
everything else, like there's a real product here that is a very early that can grow into a

1494
01:07:55,200 --> 01:07:59,760
tremendous amount of different things, right? And I think the power of NFTs or

1495
01:08:00,560 --> 01:08:06,000
power of NFT is still, I think there's a lot of use cases still left to be defined.

1496
01:08:06,000 --> 01:08:12,400
I mean, I had to point to the thought of that on which one of the many random Cosmos coins that

1497
01:08:12,400 --> 01:08:19,280
we as a company hold from being early, I guess, that is likely to be worth anything in the future,

1498
01:08:20,320 --> 01:08:22,480
that would probably be on stargaze, to be honest.

1499
01:08:22,480 --> 01:08:27,040
Yeah. And I think like one time, I remember, I thought about this a few weeks ago, but I think

1500
01:08:27,040 --> 01:08:32,160
one time I hear, I might have said that stargaze is undervalued in Cosmos. And like that's a true

1501
01:08:32,160 --> 01:08:36,880
statement, but not a very fair statement because it is extremely valuable and valued in Cosmos.

1502
01:08:36,880 --> 01:08:43,120
And I think it's nowhere near what it should be. Like, so it's both valued and undervalued,

1503
01:08:43,120 --> 01:08:49,520
but I really, I mean, that team, the way that they ship and I think what's coming and the

1504
01:08:49,520 --> 01:08:54,400
attention though, because you don't want like, if you want that stuff to actually work like in a

1505
01:08:54,400 --> 01:09:00,240
mass scale, like it can't be like ETH prices for NFTs, like that shit's fucking insane.

1506
01:09:00,240 --> 01:09:06,640
Yeah, I agree. Or at least, well, so you, well, it's, it's all relative, right?

1507
01:09:06,640 --> 01:09:11,680
Because yeah, so the problem is actually that you have multiple, and this is why Fiat currency

1508
01:09:11,680 --> 01:09:17,840
works for what it works for, right? Is that you have one token trying to be all things to all men,

1509
01:09:17,840 --> 01:09:22,560
whereas it's actually not just one product, but it's an ecosystem of products that actually have

1510
01:09:22,560 --> 01:09:27,920
orthogonal use cases back to the thing of like, essentially validators, ideally always,

1511
01:09:28,800 --> 01:09:32,960
they need to have money, right? They need to have money to sell, right? But you don't want

1512
01:09:32,960 --> 01:09:39,760
downward pressure on your token. And you also don't want validator selling to affect NFC prices,

1513
01:09:39,760 --> 01:09:43,920
but it will do if you, you know, it's all of these kind of everything is kind of all interconnected

1514
01:09:43,920 --> 01:09:49,520
and it's all, right? Yeah, in this bear market, it's back to the, I don't know why Australian

1515
01:09:49,520 --> 01:09:56,240
contingent is always the most down with DeFi, but it's back down to what our Australian contingent

1516
01:09:56,240 --> 01:10:02,000
always talk about with, you know, LSM and all this stuff to reduce that kind of pressure or to change

1517
01:10:02,000 --> 01:10:07,520
it. And a lot of that is just because of the app chain model is still, the entire ecosystem has to

1518
01:10:07,520 --> 01:10:12,320
be built on that new coin, right? And then when you get away from that and you go, well, we can just

1519
01:10:12,320 --> 01:10:18,240
spin up any number of coins, you end up going back to the proliferation of shitcoins of Ethereum,

1520
01:10:18,240 --> 01:10:23,200
but with like just a tiny, a tiny footprint, because each app chain in Cosmos is like chicken

1521
01:10:23,200 --> 01:10:29,040
feed compared to other than maybe atom, this chicken feed to a lot of the size of ecosystems

1522
01:10:29,040 --> 01:10:34,560
that you need to be in order to have that proliferation of all coins that people like.

1523
01:10:34,560 --> 01:10:39,120
But, but it's all relative. Like, I mean, even you never know how good you have it, because

1524
01:10:39,120 --> 01:10:42,640
like we do a lot of transactions in the Ethereum world too. And if I can do an actual transfer,

1525
01:10:42,640 --> 01:10:45,600
if I can do some things for under five bucks, a transaction, I'm pretty happy.

1526
01:10:46,240 --> 01:10:50,320
Like, I'm like, all right, this is a good deal. Like it's only $3.40 for me to send this, this

1527
01:10:50,320 --> 01:10:55,760
token token. So like, it's like maybe under 20, 25 quay, something similar to that, right? I'm

1528
01:10:55,760 --> 01:11:00,240
pretty ecstatic. And you go on Twitter and everybody's fucking bitching about less than one cent

1529
01:11:00,240 --> 01:11:04,240
transaction fees in Cosmos. Like, yeah, I know it's not much, but I'm going to do a million of

1530
01:11:04,240 --> 01:11:09,760
these. So therefore, that really adds up, folks. Like, like, I get it. But at the same time, like,

1531
01:11:09,760 --> 01:11:14,800
there has to be some balance there, right? So, and we want to get, I think we all want to get to

1532
01:11:14,800 --> 01:11:21,200
the point of trying to reduce mint and we try to reduce inflation and be able to work off fees.

1533
01:11:21,200 --> 01:11:26,080
And like, there has to your point, I think there's going to be a balance there. And some

1534
01:11:26,080 --> 01:11:30,560
change will find that balance and others will not. Like, I think, I think, Ramez said the same

1535
01:11:30,560 --> 01:11:35,280
thing, right? Like, like, and whether or not that's all, if all the pressure's on just the native

1536
01:11:35,280 --> 01:11:41,040
token, that's a tough spot to be in because like, we get usually paid in the native token, right?

1537
01:11:41,040 --> 01:11:46,560
That's our, that's our, that's the way that we, that we have to eat. And so therefore, that we're

1538
01:11:46,560 --> 01:11:51,920
automatically putting down a pressure on. So what are this? And I think the infinity swaps that's

1539
01:11:51,920 --> 01:11:57,280
coming out very soon from what I hear will be, will be quite a catalyst, right? Like, you know,

1540
01:11:57,280 --> 01:12:02,480
the previous marketplace experience where it is nice for Stargaze, it's just replicating,

1541
01:12:02,480 --> 01:12:06,720
you know, very basic features that we have on kind of ETH and have had for a very long time.

1542
01:12:06,720 --> 01:12:11,280
So having something new from a Cosmos perspective with, you know, being able to LP your own tokens,

1543
01:12:11,920 --> 01:12:18,800
reducing or removing royalties for creators and then minting, you know, 10% of the collection

1544
01:12:18,800 --> 01:12:24,400
for themselves and pairing it against either stars or USDC, it kind of opens up a lot more of those

1545
01:12:24,400 --> 01:12:30,800
kind of defy options. And you will hopefully see kind of less direct sell pressure on the token,

1546
01:12:30,800 --> 01:12:34,480
because, you know, rather than going to the marketplace and going, oh, do I want to buy

1547
01:12:34,480 --> 01:12:39,760
that NFT, you can just do a straight swap. Hey, I want to swap, you know, this amount of X token,

1548
01:12:39,760 --> 01:12:46,000
and I receive five of the related NFTs because the floor price is determined by how many are paired

1549
01:12:46,000 --> 01:12:52,240
in the pool against said token. So I think with secondary with different tokens,

1550
01:12:52,240 --> 01:12:59,680
you know, Adam, USDC, whatever you want to do, whilst also using something like Osmosis's

1551
01:13:02,000 --> 01:13:08,800
fee abstraction module, as an example, where you can buy a token, buy an NFT with Adam off

1552
01:13:08,800 --> 01:13:14,960
the secondary, the portion of that that's supposed to be burnt is swapped into stars and burnt

1553
01:13:14,960 --> 01:13:19,280
with the fee abstraction module as an example. So the community is still getting what it's,

1554
01:13:19,280 --> 01:13:23,440
you know, promised by governance, you're not putting downward sell pressure on the token,

1555
01:13:23,440 --> 01:13:27,680
because it's the secondary is in a different token. And perhaps, you know, you send a small

1556
01:13:27,680 --> 01:13:33,120
percentage to the foundation or the community pool to start accruing value back into the chain itself

1557
01:13:33,120 --> 01:13:37,600
to continue development and diversify the community pool, etc. So there's lots of options

1558
01:13:37,600 --> 01:13:42,320
there. It's just a matter of how you implement it and how long it takes to do it. One of my

1559
01:13:42,320 --> 01:13:48,160
criticisms of Cosmos is things take too long, right? Like, you know, six months to deliver

1560
01:13:48,160 --> 01:13:53,920
infinity swaps on Stargaze, for example, small teams on Ethereum deliver that in a few weeks,

1561
01:13:53,920 --> 01:13:58,640
right, with a very basic website. And now we're in the position where we're releasing

1562
01:13:58,640 --> 01:14:05,920
infinity swaps on Stargaze, but they've already got curved pools on Ethereum, right? And we're

1563
01:14:05,920 --> 01:14:10,240
already getting, they're already moving on from, you know, these basic pooling mechanisms to

1564
01:14:10,240 --> 01:14:14,720
different new mechanisms that they've invented on Ethereum. So we just need to kind of find that

1565
01:14:14,720 --> 01:14:18,720
balance between delivering features and providing a good user experience to make sure we're staying

1566
01:14:18,720 --> 01:14:23,840
relevant. If we're not staying relevant in terms of features and functionality of either DeFi or,

1567
01:14:23,840 --> 01:14:28,240
you know, NFTs, we're not going to attract new users. You know, we need to be innovating and

1568
01:14:28,240 --> 01:14:33,440
bringing new features that other people don't have and attracting users that way.

1569
01:14:35,440 --> 01:14:39,040
The same thing about money and everything, isn't it? Like, it's a little bit where we are.

1570
01:14:39,680 --> 01:14:44,480
Oh, I would say that it's the development cycle, right? Like, I think that Cosmos Prides

1571
01:14:44,480 --> 01:14:49,920
itself, especially our like blue chip chains, pride ourselves on delivering these incredibly

1572
01:14:49,920 --> 01:14:55,040
good user experience, you know, concentrated liquidity and infinity swaps as two examples,

1573
01:14:55,040 --> 01:14:58,160
right? They're going to be very nice features, but they've taken a year to deliver.

1574
01:14:58,640 --> 01:15:04,240
But is that purely development or is that more just risk adverse because it's early and we want

1575
01:15:04,240 --> 01:15:10,320
to make, like those teams don't want to make incorrect steps or like, is that just being cautious

1576
01:15:10,320 --> 01:15:14,880
or because it's early for the ecosystem or is that truly like we're all agreement,

1577
01:15:14,880 --> 01:15:17,120
this is where we want to be, it just takes forever to be able to build?

1578
01:15:17,120 --> 01:15:24,240
I think it's probably cautious and also shows the lack of, you know, basic developer that we have

1579
01:15:24,240 --> 01:15:29,920
in Cosmos. So, you know, in the bull market, we use Fortis as the example, right? Absolute crazy

1580
01:15:29,920 --> 01:15:35,120
ride, DGen. But the innovation that that opened up with, you know, pairing liquid,

1581
01:15:35,120 --> 01:15:40,720
pairing LPs against other base tokens, that's a cool feature that other chains could use.

1582
01:15:41,360 --> 01:15:46,080
And they're probably featured in their code that other chains could use. If we had DGen's

1583
01:15:46,080 --> 01:15:51,600
building alternative marketplace of stars where they shipped, you know, these like for like features

1584
01:15:51,600 --> 01:15:56,560
on Ethereum very quick and dirty. And then Stargaze goes, oh, that's kind of cool. Let's, you know,

1585
01:15:56,560 --> 01:16:01,280
add that as part of our DApp or an additional feature. I just think it's we're relying on these

1586
01:16:01,280 --> 01:16:04,880
core devs to build these core platform features. So they take their time with it.

1587
01:16:04,880 --> 01:16:09,520
To make sure it's right. But that development cycle means that, you know, we miss out on

1588
01:16:09,520 --> 01:16:13,600
other innovation opportunities. But Fortis also didn't work, right? It didn't stick. So

1589
01:16:13,600 --> 01:16:18,000
you're also relay, you're relaying it to something that fizzled. And so, and these,

1590
01:16:18,000 --> 01:16:22,560
these teams are building for a decade. So they're not going to like just step into something that

1591
01:16:22,560 --> 01:16:27,040
like from a, from a consumer perspective, there might be 10 chains that could do this job. So

1592
01:16:27,040 --> 01:16:32,000
that like we want to, we want to see things happen fast and before, but from a team perspective,

1593
01:16:32,000 --> 01:16:35,680
they're trying to hold on to the value and grow it at a, at a sustainable rate, right? So they

1594
01:16:35,680 --> 01:16:40,160
don't want to take that amount of risk and, and risk something that could destroy the chain as well.

1595
01:16:40,160 --> 01:16:44,240
Right. For sure. Right. And that's why I said, you know, the two blue chip examples take the,

1596
01:16:44,240 --> 01:16:48,160
the slower, less risk adverse approach. You know, having something like, you know, these crazy

1597
01:16:48,160 --> 01:16:53,280
features built on like who or something, right? Is a perfect example of like based on what they

1598
01:16:53,280 --> 01:17:02,960
say, Chihuahua, like that's where this DGN stuff should be built, right? And then you have your

1599
01:17:02,960 --> 01:17:06,880
chips go, oh, is that, is that nice? Let's leverage off that and bring that feature in.

1600
01:17:06,880 --> 01:17:11,360
So that's fair. That's fair. And let, and yeah, I agree with that. Yeah. And to your point, like

1601
01:17:11,360 --> 01:17:16,320
Fortis was, you're right, like, like what they were, maybe not the full package, but you're

1602
01:17:16,320 --> 01:17:19,040
right. Is there a reasonable components in there we could look at and say, this is something that

1603
01:17:19,040 --> 01:17:22,240
we want to, we want to cherry pick out of this and be able to use somewhere else, right? Yeah.

1604
01:17:22,240 --> 01:17:26,640
Last news item, which is funnily enough, the news now takes up the whole show.

1605
01:17:27,440 --> 01:17:34,800
Composable finance, the first chain to bring us an IBC connection to dots is requesting to join

1606
01:17:34,800 --> 01:17:40,480
the atom economic zone. In their original proposal, they asked for 450,000 atoms for protocol and

1607
01:17:40,480 --> 01:17:45,120
liquidity, which is very swiftly removed after some basic questions from the community.

1608
01:17:45,120 --> 01:17:53,440
Their plan is to make the hub, the IBC router for the interch, for the interconnected network of

1609
01:17:53,440 --> 01:18:00,320
blockchains. And they're, you know, they've pitched a bunch of revenue through IBC transactions.

1610
01:18:00,320 --> 01:18:07,840
And they're going to provide 8 million Pica tokens, which is their, their chains token per day for

1611
01:18:07,840 --> 01:18:14,400
the validator set from inflation's. And the Pica tokens got a bunch of zeros in front of its

1612
01:18:14,400 --> 01:18:20,720
price and it's down 80% since May. So I think there's probably some questions around economic

1613
01:18:20,720 --> 01:18:29,520
sustainability there and transaction volumes. But yes, put it up. Yeah. It's, it's a little bit more

1614
01:18:29,520 --> 01:18:35,600
price pressure on the atom validator set. It's fine. We okay. So that's an interesting one. I think

1615
01:18:35,600 --> 01:18:42,400
initially there was some, you know, scrutiny around the founder, which is always going to happen. But

1616
01:18:42,400 --> 01:18:48,400
I'm more interested in the economic model, right? Like currently there's been about 5000 volume

1617
01:18:48,400 --> 01:18:53,920
across their decks in dollars. So I count much IBC volume that we had from dot to cosmos.

1618
01:18:53,920 --> 01:19:01,200
5000 USD. Yeah. Not 5000 transactions, $5000 straight up across the entire thing.

1619
01:19:01,760 --> 01:19:06,560
From what I can see, it's very difficult to see because they, they're on ping pub and I think the

1620
01:19:06,560 --> 01:19:13,600
IBC client was on byte codes don't decode very well. So like actually tracking transaction

1621
01:19:13,600 --> 01:19:19,360
volumes very difficult. So I can only use their decks as like a catalyst of how much has been

1622
01:19:19,360 --> 01:19:23,840
swapped through as an example, which is quite low, which gives me an indication that there's

1623
01:19:23,840 --> 01:19:30,000
probably not a whole lot of IBC transaction on top. The main thing is like, I would have thought

1624
01:19:30,000 --> 01:19:35,440
that if people were interested in being cross ecosystem, we would have seen like a decent uptick

1625
01:19:35,440 --> 01:19:40,880
in, you know, dot being LP on osmosis as an example. What is going to be the catalyst for this?

1626
01:19:41,440 --> 01:19:48,000
Was the dot from composable ever marked as like the canonical dot? Because you can also get dot

1627
01:19:48,000 --> 01:19:55,920
through axler, right? So I believe because it's now through IBC, it's going to be,

1628
01:19:55,920 --> 01:20:01,840
I don't know if it's actually gone through on chain as the canonical dot. But the composable

1629
01:20:01,840 --> 01:20:07,680
chain Centuri will be basically it's going to hold all the denoms for everything that comes from dot.

1630
01:20:08,880 --> 01:20:13,680
And they plan to do that for like abax and eth and they want it to be an easy chain and provide

1631
01:20:13,680 --> 01:20:20,560
20% of the revenue back to the hub. So my biggest thing is like the transaction volume, right? Like

1632
01:20:21,360 --> 01:20:27,520
why would people bring their dot to cosmos other than being long on dot and then using it in defy

1633
01:20:27,520 --> 01:20:33,200
to earn some cosmos assets? I just don't see the big catalyst here. And it's the same for like

1634
01:20:33,200 --> 01:20:37,360
abax and stuff, right? Like you're just going to swap. Yeah, well, this was about the size of the

1635
01:20:37,360 --> 01:20:44,400
ecosystem. Like and what you can do and what can you do in cosmos that you can't do in polka dot?

1636
01:20:44,400 --> 01:20:49,680
I mean, there's quite a few things, but they mainly are, I mean, they're mainly technical

1637
01:20:49,680 --> 01:20:54,000
really, like as a developer, there's a lot of reasons for being in the cosmos ecosystem rather

1638
01:20:54,000 --> 01:21:00,800
than the polka dot one. But the end user way, maybe you don't care. You're just a shit coin investor.

1639
01:21:03,600 --> 01:21:07,360
You know, potato with toe, no? And the biggest thing is, which is why I think

1640
01:21:07,360 --> 01:21:11,280
Composal has been going around asking for protocol and liquidity from a bunch of

1641
01:21:11,280 --> 01:21:18,720
Dex's and neutron atom, I assume they'll ask for Osmo as well, is that you'll bring your dot across,

1642
01:21:18,720 --> 01:21:23,200
you might use it in something, but at the end of the day, you're going to most likely need to

1643
01:21:23,200 --> 01:21:27,520
want to swap it at some point. And if you don't have liquidity along that path, then it's essentially

1644
01:21:27,520 --> 01:21:32,320
useless bridging it across. Right. Answer your question. And she'll team that is coming across

1645
01:21:32,320 --> 01:21:38,880
through Moonbeam, not XLR, but that's coming through Moonbeam on Osmo. I thought Moonbeam was

1646
01:21:38,880 --> 01:21:45,600
through XLR. Is it? Yeah. Oh, it's just a front end. Yeah. Oh, my bad. There's other dot that's

1647
01:21:45,600 --> 01:21:51,280
not visible or usable anywhere. Hmm. Yeah. Interesting. Anyway, you know, out of

1648
01:21:51,280 --> 01:21:57,600
Mechanomics Zone, props are always fun. So we'll see if it gets on chain and how that plays out.

1649
01:21:58,400 --> 01:22:03,120
You got to work on your order of these. You kind of left a download. You got to work on the order

1650
01:22:03,120 --> 01:22:09,040
of these. Yeah. I think that's a great news. More chains wanting to join the AES, it's bullish,

1651
01:22:09,040 --> 01:22:14,320
don't you think? Even though you said, it's not going to happen, but yeah, it's bullish.

1652
01:22:14,320 --> 01:22:25,040
I'm not an atom validator. I'm not gifted the opportunity to vote to change the world.

1653
01:22:25,760 --> 01:22:28,960
This feels a little bit like quantity is a quality all of its own.

1654
01:22:30,640 --> 01:22:33,840
You know, whenever there's like another one of these projects coming along, you're a little bit

1655
01:22:33,840 --> 01:22:40,400
like, hmm, I mean, it might do something, but it might not. And I've been wrong before. So now I'm

1656
01:22:40,400 --> 01:22:49,360
just like, yeah, it's kind of, I guess it's all kind of back to the bullish or bullshitt from

1657
01:22:49,360 --> 01:22:55,920
Ben Davis in the chat. Yes, indeed. It's kind of all back to the match. I think impossibly,

1658
01:22:55,920 --> 01:23:01,760
this is like the vestiges of half an economic degree poking through. But I guess I look at

1659
01:23:01,760 --> 01:23:05,920
some of that stuff and I go, well, the user base isn't significantly different. And what can we

1660
01:23:05,920 --> 01:23:12,000
offer like the average user that they could do their own eco? And it's definitely bullish to have it,

1661
01:23:12,000 --> 01:23:17,840
right? May as well. Why not? But you're also just like, it's not enough to turn the needle on anything

1662
01:23:18,560 --> 01:23:23,040
significant. That's like a macro question. That's like a macro question of where we are

1663
01:23:23,040 --> 01:23:26,800
with inflation, the wider economy, access to liquidity, access to fear,

1664
01:23:27,360 --> 01:23:32,720
what people have in their own pockets, right? And I'm not sure we can just create derivatives to

1665
01:23:32,720 --> 01:23:37,600
get ourselves out of that problem. Because fundamentally, somewhere somebody's getting

1666
01:23:37,600 --> 01:23:41,600
paid for their day job and eventually that money ends up as liquidity somewhere,

1667
01:23:42,800 --> 01:23:52,720
you know, as shitcoins, right? But the vector for all the party all happening is somewhere

1668
01:23:52,720 --> 01:24:04,720
far away from where we are for the majority of users. Like nobody's getting paid in.

