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I can watch some YouTube.

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So it is.

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Yeah.

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Welcome to Game of Modes, a weekly podcast from Independent Validator Teams.

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Hello, welcome to Game of Modes, a weekly podcast from Independent Validator Teams.

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Um, uh, you said we'll be doing.

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I mean, at this point, you could almost just stop at it at weekly podcast.

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Yeah.

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I mean, we're still all Validator Teams.

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I mean, we are still Validators, yes.

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But I mean, it would be just as valid if you went a weekly podcast.

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It is technically.

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Yeah.

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Yeah.

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I mean, whatever.

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Um, so.

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And what is an independent Validator Team?

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I still don't really know what that is.

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Well, we're not like Figment or somebody who's like propped up by dead loads of VC money.

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Wait, are you saying if I accept VC money, the

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money I have to exit the potto?

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I mean, it means this is definitely banned from saying the second part.

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I think we need to say.

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No, let's say we can't take the second part off.

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Yeah.

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Yeah.

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But it's kind of lying through it on the fucking, on the.

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I mean, I'm still super confused as to how you can even get VC money for being a Validator,

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given that you have nothing, your company has nothing to sell other than your delegations,

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which can go up as well as down.

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Like, do they have a token?

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They can sell a token.

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I guess it must be like the scam must be that VCs want to invest in Validator company,

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like big ones, so they can get that Validator Team a big delegation from a chain that they

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invest in and then they're making money at both ends.

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Even, even if the chain goes to zero, they'll make money in the interim, I guess.

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So do you think, do you think then when they're investing in them, they're like, like investing

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in a traditional sense and then taking part of the revenue?

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I would guess so.

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Yeah.

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I would be very surprised if those real big Validator shops don't have some kind of a

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revenue share agreement with their investors.

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Because, well, I mean, like, you know, if they don't, my big question is why do they,

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why do they need investors?

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Like why, why do they, is it for runway?

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Like how, you know, how many fucking people do they have working for them?

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That they need that much runway?

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I can certainly see some investors.

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Like there's a couple of products that I've wanted to build where, like, it might take

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me a year to build it, right?

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And it would like prop up the Validator business.

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But how does it enhance?

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Like, is it going to have a significant return?

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Is it going to improve your business that much that you're going to have a significant

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return on that money?

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Like if a VC handed me tomorrow $3 million and said, here, make your business better,

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I'd be like, I can give you $1.

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I can't, well, either.

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It doesn't matter.

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It was a made up number.

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But I mean, I could not extract more value out of my business with an extra $3 million

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of...

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Yeah, I like money, though.

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Of capital.

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Like, you know, a capital injection for me would do fucking nothing except for like,

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let me be able to sleep at night when I just offload that work to someone else.

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I wonder what, like, what are the actual stipulations on taking cash, right?

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Like if they give you $3 million, what's the stuff you from being like, and $1 million

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is being dispersed to me?

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Can you do that?

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I assume not, right?

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No, because it goes to the company, right?

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You're not the company.

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Right.

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You could just take a dividend.

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Yeah.

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Well, it's not income either.

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But like, a capital raising is when you sell part of the company and it's not income.

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Like if you distributed a dividend, you'd have to distribute it back to the person you

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get it back.

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You just didn't have a problem, yeah.

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Yeah.

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You could pay yourself directus fees, but you'd have to get...

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You'd have to take a vote.

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I mean, if you're like, got the biggest share, then you win anyway.

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So...

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Yeah.

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So yes, you could.

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Yeah.

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Well, yeah.

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It looks like you had a $3 million directus fee this year.

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And I was 90% holder.

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So that means I get.

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It doesn't go with that.

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If all you're doing is expanding to expand, it feels like a very, very strange reason

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to raise capital really.

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I know some of the big valve shops are big, like big, big, big.

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Like I don't know if they must have reduced in size, whatever we are now, 18 months into

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a bear market.

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But like chorus one has like 80 staff or something crazy.

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Like of which like maybe 40 were technical.

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Jesus Christ.

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I'm pretty sure I remember hearing that in Gateway.

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Gateway Conf last year.

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And 80 staff.

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Who was it?

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Someone the other day told me they had fucking 60 devs.

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And I was like, are you fucking serious?

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60 devs.

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60 devs in which country?

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Oh, well, I think it was India, but...

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Right.

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Like that's a lot.

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60 devs in the valley, isn't it?

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That's a lot of mouths and feet though.

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I mean, it probably just is effective, like whether you're in the valley or India, it doesn't

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really matter as long as you can do the typing right.

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As long as you hit the right buttons.

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A little reductive.

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I will just say this is no shade on the developers themselves, but the process is almost always

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broken for either near or far show outsourcing.

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And I make quite a bit of consultancy dollar ado every year by going into organizations,

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doing an audit and discovering that the problem is the...

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Essentially it's not even about quality of developers.

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It's just about if you have people around the same desk, virtual or real, in the same

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country, in the same time zone, productivity is higher.

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I've never seen a situation where that wasn't the case.

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And your management team is usually in...

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Well, obviously there are a lot of career Japanese, et cetera, start up.

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So not in this space anyway.

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So it's not just Europe, America, Oceana, et cetera.

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But there is an element of that, I think.

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Yeah.

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Ben Davis says you could get into the active set on something profitable.

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I mean, yes.

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But then you would also have to hold that risk of the particular coin.

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Yeah.

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I mean, maybe I can get it again.

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Like if there are some chains that are totally big balls where there's loads of investor

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money sloshing around and how you get in is by having the same investors.

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I mean, look at...

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Do I have a DYDX is like that, right?

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They have the 41% centralized...

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Oh, yeah.

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Like I could spend $3 million on DYDX coin, but then I would have spent $3 million on

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DYDX coin.

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No, no, no, that's what I mean.

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The investors have $3 million worth of DYDX coin.

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They stake it to your validator.

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Yeah, but that's not the same as investing in your company.

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Well, it kind of is.

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Like it means that you're in the set on a bunch of chains and you have a very stable

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delegation.

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Yeah, but that's a partnership.

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That's not a direct...

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No, no, but what I mean is they also invest in your companies.

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They give you money to hire people and then they go invest in DYDX.

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They get a bunch of tokens.

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They stake it to your validator.

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And then they also say to the DYDX foundation or whoever, like, I mean, it could be an insurance.

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There isn't one.

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They just go, yo, hey, you guys also give a delegation to our boys here because we're

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also investing them.

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And then the whole fucking, you know, the whole thing continues.

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That's been really, really interesting actually with the DYDX chain is the foundation doesn't

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do any delegation of any kind.

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There is like no big foundation or DAO or anything that does any of that.

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They just like, they got tokens.

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They just don't use them for staking.

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So that'd be interesting.

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I mean, I would have thought as the DAO, they would want to use their treasury to like gain

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a stable income for the DAO.

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But maybe that's later on.

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They'll think about that.

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Is it just that for a lot of these, these orgs, once they've, once they've listed on

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an exchange and they can start liquidating?

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Yeah, you know, yeah, but I mean, then you have, then you diminish your capital.

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Whereas if you had a stake, you'd be earning some of those trading fees.

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Even if you just staked enough to get the amount that you need to cover off your operating

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expenses, at least then you're not diminishing the capital of a DAO or even if you wanted

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to build a war chest so you could actually, you know, if something happened and you needed

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to bring on 10 more devs for six months, you could, without having to liquidate your capital.

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More typing required, you mean?

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Yeah, if you needed more typists.

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If you needed more fucking typing.

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So cause less harm in the chat was just reflecting with the amusement on the fact that for now

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developers equals typing.

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That's that.

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I mean, that is what they do.

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They type.

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I wish I had prepared in advance the clip from Garth Marengi where he's talking about

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writing horror novels and he says, I just hit the keys and the letters come out and getting

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them in the right order.

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That's the difficult best.

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That's the key.

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I was like, that is so relatable to so many things in life.

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Cause less harm also says that most VCs have terms on how the capital is used.

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That makes more sense.

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You obviously know it's more than us.

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Yeah.

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Maybe cause less harm should be happy.

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I think the last startup I worked for it was like very explicitly.

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They raise.

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No Lambos.

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No subway.

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Well, I think that from memory, like the, what's it called the founders, like the CTO

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and CEO basically or COO, whatever, you know, all these Cs.

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Order, they, they didn't, they, I think they basically have to take, take minimum wage

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during the period, the runoff period of the investment, like the two years that they were

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given runway for.

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And the money like was stipulated to be for like hiring, hiring devs, hiring devs, hiring

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a sales team.

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That was like the condition of getting the, the fund raise.

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So as a director, I am on minimum wage.

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Yeah, but that's for tax efficiency because you got, you know, have you sorted out your

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accountants yet?

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Found new ones?

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Yeah.

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I've had that sorted for years now.

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I just did my tax the other day.

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It took two days.

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Oh, I mean, it's easy to do your taxes when you're not making money, isn't it?

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I've noticed that.

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We, last financial year, we got money back from the government.

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We just did it the other day and I got money back from the government.

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Can you believe it?

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We have like, we got that during one of the VAT periods because of the amount we spent

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on AWS.

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Like we spent so much money like with sales tax on AWS services that it was like we did

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the maths of everything that we owed for the AT for sales.

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It was very much now like, well, we owe you quite a bit of money because you guys have

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spunked it all on on EKS clusters.

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We get the same thing every, well, every month we get money back from, we call it GST, but

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it's similar VAT because all of our costs in Australia, we deal with all mostly Australian

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companies and most of the overseas companies charges GST as well, the bigger companies.

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But none of the income we make as GST.

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So because they're all overseas companies, we can't charge GST to overseas companies.

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So basically every month we get all of our GST back, but don't pay any because we're

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not charging any.

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We, one of the things that really caused us problems back in the day with like the name

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service and whatnot was that if you sell NFTs, you have to charge sales tax and you have

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to establish technically like what country.

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So if you know they're not in a country where you have to charge sales tax, you don't have

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to charge sales tax.

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But if you don't know, because for example, you're on a blockchain, you, and it's just

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loads of nons with wallets, you have to basically do a best estimate.

247
00:12:57,900 --> 00:12:59,740
And they're quite on it about this stuff.

248
00:12:59,740 --> 00:13:04,700
So in the end, we basically just had to say like, we honestly don't know except that the

249
00:13:04,700 --> 00:13:07,660
vast majority is not in the UK.

250
00:13:07,660 --> 00:13:11,060
So we're just going to have to write in the larger percentage of it.

251
00:13:11,060 --> 00:13:14,620
I can't remember what percentage it was high.

252
00:13:14,620 --> 00:13:16,420
We assume it's from Ireland.

253
00:13:16,420 --> 00:13:22,740
So like our sales return is like in absence of any other evidence, we sell a lot of NFTs

254
00:13:22,740 --> 00:13:28,500
in Ireland and therefore have to pay sales tax because, you know, it's back to the like,

255
00:13:28,500 --> 00:13:31,540
it's better to overpay than it is to get caught with your pants down.

256
00:13:31,540 --> 00:13:35,740
But it, you know, it was like, it's like 20% of every sale, right?

257
00:13:35,740 --> 00:13:36,740
So like,

258
00:13:36,740 --> 00:13:37,980
I'm still I'm stuck.

259
00:13:37,980 --> 00:13:41,900
Did you say that you have to pay sales tax?

260
00:13:41,900 --> 00:13:45,380
We have to charge sales tax on an NFT.

261
00:13:45,380 --> 00:13:46,380
Yep.

262
00:13:46,380 --> 00:13:50,340
So this is the thing like, which was quite funny, like, you know, when we did the name

263
00:13:50,340 --> 00:13:56,020
service thing, they were like, any number of DJs coming up in the chat being like, you

264
00:13:56,020 --> 00:13:59,260
guys are like printing millions of dollars, blah, blah, blah, blah, blah.

265
00:13:59,260 --> 00:14:01,700
And also it was nowhere near that amount.

266
00:14:01,700 --> 00:14:05,460
But the it was like, no, no, it was the first of all, we're not putting anywhere near that

267
00:14:05,460 --> 00:14:06,460
amount.

268
00:14:06,460 --> 00:14:12,380
But also second of all, straight off the bat, 20% of every sale is going to the government.

269
00:14:12,380 --> 00:14:17,220
And also, and I think this is something that people weren't necessarily aware of.

270
00:14:17,220 --> 00:14:24,740
But I think especially at that point, it probably drove some of the price action with Juno to

271
00:14:24,740 --> 00:14:29,020
a lesser or greater extent, because it was so early in the chain, but 25% of every sale

272
00:14:29,020 --> 00:14:32,100
was burnt, of the Juno paid.

273
00:14:32,100 --> 00:14:38,140
So there was at least in the first few days, there were a lot of minutes, right?

274
00:14:38,140 --> 00:14:41,060
I actually don't know, maybe a couple of thousands, something like that.

275
00:14:41,060 --> 00:14:45,020
But that was like a non-trivial amount of Juno, right?

276
00:14:45,020 --> 00:14:48,980
But like a huge, well, huge proportionate quarter of it got burnt or whatever, maybe

277
00:14:48,980 --> 00:14:50,580
the quarter or third, I can't remember.

278
00:14:50,580 --> 00:14:54,220
Wait, why did it get burnt?

279
00:14:54,220 --> 00:14:59,420
Because in hindsight, we should have just not done that and just pocketed the cash as

280
00:14:59,420 --> 00:15:01,060
a business, right?

281
00:15:01,060 --> 00:15:03,060
Because why not?

282
00:15:03,060 --> 00:15:07,900
But at the time, obviously working very, very closely with the core team and whatnot, it

283
00:15:07,900 --> 00:15:13,820
was like, well, this is kind of giving something back to early stakers because it's going to

284
00:15:13,820 --> 00:15:19,260
move, if the project's successful, it's going to move the price, right?

285
00:15:19,260 --> 00:15:22,260
And you can never know whether it did have an impact or not.

286
00:15:22,260 --> 00:15:24,700
I think it was very early in the chain, but maybe it did.

287
00:15:24,700 --> 00:15:26,220
Hard to say.

288
00:15:26,220 --> 00:15:27,220
Okay.

289
00:15:27,220 --> 00:15:34,100
So part of the contract was 25% of all Juno went into the staking module.

290
00:15:34,100 --> 00:15:36,820
Is that what you're saying?

291
00:15:36,820 --> 00:15:37,820
No, no.

292
00:15:37,820 --> 00:15:39,900
So this was the smart contracts for the name service.

293
00:15:39,900 --> 00:15:43,820
Like when you minted an NFT, it just burnt part of the fee.

294
00:15:43,820 --> 00:15:44,820
Straight up.

295
00:15:44,820 --> 00:15:48,220
Okay, so you meant it literally, okay.

296
00:15:48,220 --> 00:15:49,220
Got it.

297
00:15:49,220 --> 00:15:53,820
So you were being figurative and hyperbole, which I'm all about hyperbole.

298
00:15:53,820 --> 00:15:57,620
I will stand behind the fish getting bigger every story.

299
00:15:57,620 --> 00:15:59,420
But no, you were being literal.

300
00:15:59,420 --> 00:16:00,420
Okay, got it.

301
00:16:00,420 --> 00:16:05,780
So were you having to pay tax on that 25% that was getting burned?

302
00:16:05,780 --> 00:16:06,780
No.

303
00:16:06,780 --> 00:16:11,500
So we were paying tax on the 75% that remained.

304
00:16:11,500 --> 00:16:18,700
So we paid 20% tax on that and then 19% corporation tax on top of that.

305
00:16:18,700 --> 00:16:23,300
Is that of the pre 20% amount or the post 20% amount?

306
00:16:23,300 --> 00:16:26,660
Pre-sales tax or post sales tax?

307
00:16:26,660 --> 00:16:27,660
Post sales tax.

308
00:16:27,660 --> 00:16:28,660
Yeah.

309
00:16:28,660 --> 00:16:31,020
So you calculated it at the end of your corporation tax.

310
00:16:31,020 --> 00:16:37,380
So all up about 33% or something like that.

311
00:16:37,380 --> 00:16:42,340
So yeah, so straight off the bat, it would have been like 25% of the original number

312
00:16:42,340 --> 00:16:44,380
and then 33% of the remaining numbers.

313
00:16:44,380 --> 00:16:51,860
So whatever that is, just a math manorts, but I would guess all up about 40% maybe more

314
00:16:51,860 --> 00:16:55,860
of the mint cost evaporated into the ether somewhere.

315
00:16:55,860 --> 00:17:02,780
But the moral of that story, by the way, for business people listening to the podcast is,

316
00:17:02,780 --> 00:17:08,740
you know, burning tokens is cool, but putting tokens on your balance sheet might be a smarter

317
00:17:08,740 --> 00:17:09,740
bet.

318
00:17:09,740 --> 00:17:17,860
So don't cave to community pressure and restake loads of the income because this was long

319
00:17:17,860 --> 00:17:20,420
before we had any decent accountancy on this.

320
00:17:20,420 --> 00:17:25,580
So what we didn't realize, and I've mentioned this before on the poddo is that like the

321
00:17:25,580 --> 00:17:28,540
second you receive it, you pay tax on it at that price.

322
00:17:28,540 --> 00:17:33,900
So we had a huge tax bill for Juno at peak because that was around when the thing was

323
00:17:33,900 --> 00:17:34,900
launched.

324
00:17:34,900 --> 00:17:39,060
And then by the time we actually did anything with the tokens, restakes and sold them, it

325
00:17:39,060 --> 00:17:42,740
was just like it was a massive pain in terms of the accounting.

326
00:17:42,740 --> 00:17:47,860
And we also like we restaked a lot and then had to pay, we were like restaking X amount,

327
00:17:47,860 --> 00:17:49,420
we were paying the tax on double that.

328
00:17:49,420 --> 00:17:51,860
And of course, all those tokens are worthless now.

329
00:17:51,860 --> 00:17:56,540
So yeah, lesson learned, right?

330
00:17:56,540 --> 00:18:00,460
And don't forget, dear listeners, that validators are the biggest DGENs.

331
00:18:00,460 --> 00:18:02,340
So it's true.

332
00:18:02,340 --> 00:18:07,580
It is to be fair, that is actually the other lesson is that is that validators masquerade

333
00:18:07,580 --> 00:18:12,700
as businesses, but in fact, I've noticed that sometimes you know, when you go to like a

334
00:18:12,700 --> 00:18:17,660
tech meter up of some kind where it's like not really Web 3 and you meet the other founder,

335
00:18:17,660 --> 00:18:18,660
right?

336
00:18:18,660 --> 00:18:23,380
And we'll, I certainly think of my risk tolerance is relatively low for this space.

337
00:18:23,380 --> 00:18:27,020
And then you talk to somebody who doesn't work in the space and you're like, oh yeah,

338
00:18:27,020 --> 00:18:28,340
no, we're all G-Juns.

339
00:18:28,340 --> 00:18:30,140
We're complete and have to D-Juns.

340
00:18:30,140 --> 00:18:32,140
Hey, Uncle Devin.

341
00:18:32,140 --> 00:18:33,140
Hey.

342
00:18:33,140 --> 00:18:34,140
What's up?

343
00:18:34,140 --> 00:18:35,140
Do you have those cigarettes?

344
00:18:35,140 --> 00:18:38,140
I am, my phone's lower is yours high.

345
00:18:38,140 --> 00:18:39,140
That's good.

346
00:18:39,140 --> 00:18:42,140
I think it's just good diction probably.

347
00:18:42,140 --> 00:18:43,140
Yeah.

348
00:18:43,140 --> 00:18:45,140
Not a dick dick.

349
00:18:45,140 --> 00:18:49,140
I need a mic that filters out mumbling.

350
00:18:49,140 --> 00:18:50,140
Minor yours.

351
00:18:50,140 --> 00:18:51,140
Mine.

352
00:18:51,140 --> 00:18:52,140
Mine.

353
00:18:52,140 --> 00:18:56,140
What does cause less harm do?

354
00:18:56,140 --> 00:18:59,140
Well, don't dox him, but is he a dev?

355
00:18:59,140 --> 00:19:01,140
Seems butt hurt by my typist content.

356
00:19:01,140 --> 00:19:03,140
He just said he's not a dev.

357
00:19:03,140 --> 00:19:05,140
So I would guess not.

358
00:19:05,140 --> 00:19:08,140
No, he's not a typist.

359
00:19:08,140 --> 00:19:10,140
He said, forgive the spelling mistakes.

360
00:19:10,140 --> 00:19:11,140
Period.

361
00:19:11,140 --> 00:19:12,140
Not a dev.

362
00:19:12,140 --> 00:19:13,140
Yeah.

363
00:19:13,140 --> 00:19:19,140
So we're continually carrying on the joke of I said that devs are typists.

364
00:19:19,140 --> 00:19:21,140
Words are hard on the internet.

365
00:19:21,140 --> 00:19:23,140
So he's saying he's not a dev.

366
00:19:23,140 --> 00:19:24,140
He's not a typist.

367
00:19:24,140 --> 00:19:26,140
That's why he's spelling shit.

368
00:19:26,140 --> 00:19:27,140
Got it.

369
00:19:27,140 --> 00:19:28,140
All right.

370
00:19:28,140 --> 00:19:30,140
This is, this is a deep, deep plot.

371
00:19:30,140 --> 00:19:34,140
But like, what do I, what do I take from that is that he's butt hurt.

372
00:19:34,140 --> 00:19:36,140
So potentially a dev.

373
00:19:36,140 --> 00:19:37,140
I don't know.

374
00:19:37,140 --> 00:19:38,140
We'll find out.

375
00:19:38,140 --> 00:19:43,140
I don't mean any, I meant nothing about my typist comment.

376
00:19:43,140 --> 00:19:44,140
All right.

377
00:19:44,140 --> 00:19:45,140
It's just what came out.

378
00:19:45,140 --> 00:19:46,140
It's just what happened.

379
00:19:46,140 --> 00:19:49,140
So who wants to do the drill to it for the week?

380
00:19:49,140 --> 00:19:51,140
Oh, Uncle Dad, he's late.

381
00:19:51,140 --> 00:19:52,140
I'll take it.

382
00:19:52,140 --> 00:19:53,140
Okay.

383
00:19:53,140 --> 00:19:54,140
You ready?

384
00:19:54,140 --> 00:19:55,140
Yeah.

385
00:19:55,140 --> 00:19:56,140
What are we doing?

386
00:19:56,140 --> 00:19:57,140
About there.

387
00:19:57,140 --> 00:19:59,140
It's kind of a tough guy.

388
00:19:59,140 --> 00:20:01,140
You're going to take into account the delay.

389
00:20:01,140 --> 00:20:02,140
Yeah, I know.

390
00:20:02,140 --> 00:20:03,140
Left and left and right.

391
00:20:03,140 --> 00:20:04,140
Left or right.

392
00:20:04,140 --> 00:20:07,140
Left halfway.

393
00:20:07,140 --> 00:20:12,140
This one genuinely is the most nonsense clone on both pages.

394
00:20:12,140 --> 00:20:14,140
I'm sorry.

395
00:20:14,140 --> 00:20:17,140
Are you going in on me?

396
00:20:17,140 --> 00:20:22,140
Am I being gone in upon just for posting my time tested opinions about girls holding

397
00:20:22,140 --> 00:20:23,140
forks incorrectly?

398
00:20:23,140 --> 00:20:24,140
I can pick them.

399
00:20:24,140 --> 00:20:26,140
What category was this?

400
00:20:26,140 --> 00:20:27,140
Tough guys.

401
00:20:27,140 --> 00:20:28,140
What category?

402
00:20:28,140 --> 00:20:29,140
Okay.

403
00:20:29,140 --> 00:20:32,140
So this is actually a very good page.

404
00:20:32,140 --> 00:20:34,140
I'm just going to read a couple more from the page.

405
00:20:34,140 --> 00:20:37,140
Just going to break the format a little bit to show you how you manage to.

406
00:20:37,140 --> 00:20:38,140
Hang on.

407
00:20:38,140 --> 00:20:40,140
Was that last one constituted as a very good one as well?

408
00:20:40,140 --> 00:20:41,140
No.

409
00:20:41,140 --> 00:20:42,140
Okay.

410
00:20:42,140 --> 00:20:46,140
So the one below it says, go ahead, keep screaming, shut the fuck up at me.

411
00:20:46,140 --> 00:20:49,140
It only makes my opinions worse.

412
00:20:49,140 --> 00:20:50,140
That's a good one.

413
00:20:50,140 --> 00:20:51,140
That's a good one.

414
00:20:51,140 --> 00:20:52,140
Yeah.

415
00:20:52,140 --> 00:20:54,140
A man does a wheelie past you on a motorcycle.

416
00:20:54,140 --> 00:20:57,140
The back of his jacket says, take down the fucking posts.

417
00:20:57,140 --> 00:20:59,140
There's a lot of good ones here.

418
00:20:59,140 --> 00:21:01,140
Everyone loves dank Woolies is the thing.

419
00:21:01,140 --> 00:21:05,140
Like anytime you see a squid going down the road, you just know something good's going

420
00:21:05,140 --> 00:21:06,140
to happen.

421
00:21:06,140 --> 00:21:09,140
I love the name of honor more than I fear death.

422
00:21:09,140 --> 00:21:13,140
Me to my boss after he found a picture of me with a big shit stain on my sweatpants.

423
00:21:13,140 --> 00:21:15,140
There's some good ones on there.

424
00:21:15,140 --> 00:21:18,140
Anyway, I've taken my shirt off over 10 million times.

425
00:21:18,140 --> 00:21:19,140
Right.

426
00:21:19,140 --> 00:21:26,140
I feel like you could just sit there and read that book one after the like just, you know,

427
00:21:26,140 --> 00:21:31,140
he used to be in our bathroom and it was always told to take it away because it was distracting.

428
00:21:31,140 --> 00:21:37,140
We also had a copy of a couple of copies of a very niche publication for all the Glaswegians

429
00:21:37,140 --> 00:21:43,140
out there called the digger, which is essentially like, it's like a totally insane.

430
00:21:43,140 --> 00:21:45,140
How would you even describe the digger?

431
00:21:45,140 --> 00:21:50,140
It's kind of like court transcripts from the Glaswegian organized crime underworld, but

432
00:21:50,140 --> 00:21:57,140
it's like written by presumably one guy who's like a hysterical kind of moralist, but also

433
00:21:57,140 --> 00:22:00,140
kind of morbidly obsessed with the organized crime.

434
00:22:00,140 --> 00:22:04,140
Like so it's all done in publisher, Microsoft publisher.

435
00:22:04,140 --> 00:22:10,140
And the template is so lazily done that sometimes the words just go off one page and onto the

436
00:22:10,140 --> 00:22:14,140
next page and just go straight into the title on the next page and then just continue.

437
00:22:14,140 --> 00:22:16,140
Like it's really poorly done.

438
00:22:16,140 --> 00:22:22,140
It's just this kind of hysterical stream of thought about everything that's happened in

439
00:22:22,140 --> 00:22:28,140
criminality in Glasgow with like a really intense energy, but also like everybody in the criminal

440
00:22:28,140 --> 00:22:32,140
underworld reads it because they get kind of shout outs for their infamy.

441
00:22:32,140 --> 00:22:37,140
But the tone of it is like, we should fucking shooting is too good for these people.

442
00:22:37,140 --> 00:22:42,140
It's just like one of the most insane things that you will ever see in your life.

443
00:22:42,140 --> 00:22:45,140
And the best bit is there's a letters page right at the back, right?

444
00:22:45,140 --> 00:22:51,140
And people right in in Glasgow dialect like to threaten each other and shit.

445
00:22:51,140 --> 00:22:54,140
They like read something in the digger and they're just like, oh, fucking, you said this

446
00:22:54,140 --> 00:22:55,140
about me.

447
00:22:55,140 --> 00:22:56,140
I'm going to come around your house.

448
00:22:56,140 --> 00:22:57,140
I'm going to kill you.

449
00:22:57,140 --> 00:23:01,140
And there's there's a statement at the bottom of the page where it says like, if you're going

450
00:23:01,140 --> 00:23:06,140
to submit anything to the digger, you have to provide your full name and like contact

451
00:23:06,140 --> 00:23:12,140
number so that if other people are slandered, they could respond to you with legal action.

452
00:23:12,140 --> 00:23:17,140
And it's just all of these like absolute nut jobs like just threatening each other on

453
00:23:17,140 --> 00:23:20,140
the back page, but like in full eye dialect.

454
00:23:20,140 --> 00:23:23,140
So just like completely dense and incomprehensible.

455
00:23:23,140 --> 00:23:24,140
It's amazing.

456
00:23:24,140 --> 00:23:28,140
And also kind of disturbing, but also amazing.

457
00:23:28,140 --> 00:23:32,140
It's an acquired taste of the point that I've been thrown out of a news agent in Glasgow

458
00:23:32,140 --> 00:23:34,140
for asking for a copy of the digger.

459
00:23:34,140 --> 00:23:37,140
I was like, can I get a four pack copy of the digger?

460
00:23:37,140 --> 00:23:39,140
And they're like, it's not a kind of fucking place.

461
00:23:39,140 --> 00:23:40,140
Get out.

462
00:23:40,140 --> 00:23:43,140
Like, okay, what I miss nothing.

463
00:23:43,140 --> 00:23:44,140
Okay.

464
00:23:44,140 --> 00:23:48,140
I called the abster.

465
00:23:48,140 --> 00:23:52,140
I have food poisoning.

466
00:23:52,140 --> 00:23:55,140
So I've been in a terrible state.

467
00:23:55,140 --> 00:23:59,140
We're already like, we're what four days or something away from the end of the Apto stress

468
00:23:59,140 --> 00:24:01,140
now, which has been really, really stressful.

469
00:24:01,140 --> 00:24:03,140
And then also getting this level of ill.

470
00:24:03,140 --> 00:24:08,140
I mean, I think I could summarize my current mood as this action, please.

471
00:24:08,140 --> 00:24:15,140
Classic, classic drunk, drunk tired, elderly as well.

472
00:24:15,140 --> 00:24:17,140
That's where that's where I am right now.

473
00:24:17,140 --> 00:24:20,140
Where did you queue up all of these little video snippets?

474
00:24:20,140 --> 00:24:22,140
He's laying in bed.

475
00:24:22,140 --> 00:24:24,140
No, I haven't.

476
00:24:24,140 --> 00:24:25,140
Yeah.

477
00:24:25,140 --> 00:24:26,140
Today's been bad.

478
00:24:26,140 --> 00:24:27,140
Today's been bad.

479
00:24:27,140 --> 00:24:29,140
What's that?

480
00:24:29,140 --> 00:24:33,140
What's Ken Brock's old YouTube thing?

481
00:24:33,140 --> 00:24:37,140
The Hoonigan Hoonigan Hoonigan Hoonigan Hoonigan.

482
00:24:37,140 --> 00:24:38,140
Yeah.

483
00:24:38,140 --> 00:24:40,140
They do that in their videos all the time.

484
00:24:40,140 --> 00:24:44,140
They have like, is it all snippets of like, you know, TV shows and stuff.

485
00:24:44,140 --> 00:24:47,140
I reckon the Friday great editor for them.

486
00:24:47,140 --> 00:24:50,140
I don't know if this after seeing is actually going to end on time.

487
00:24:50,140 --> 00:24:57,140
I have a feeling it's going to go into extra things to extra time.

488
00:24:57,140 --> 00:25:01,140
I'm not too far broken because I just paid all the bills, like two days ago.

489
00:25:01,140 --> 00:25:05,140
So I was just kind of fuming that there's going to be a month of the machines doing absolutely nothing.

490
00:25:05,140 --> 00:25:09,140
So as far as I'm concerned, it can go towards like December 10th or so.

491
00:25:09,140 --> 00:25:11,140
I have totally satisfied.

492
00:25:11,140 --> 00:25:13,140
I have one ending on the 18th on Saturday.

493
00:25:13,140 --> 00:25:17,140
So I'm trying to think if I can, that's, that's when it gets shut off on the end of the 18th.

494
00:25:17,140 --> 00:25:19,140
I was like, well, we done by Saturday, maybe.

495
00:25:19,140 --> 00:25:22,140
If it's one of the VFNs, you can just let it fail because they're failing anyway.

496
00:25:22,140 --> 00:25:24,140
No, it's a, it's a valid air.

497
00:25:24,140 --> 00:25:25,140
It's valid air.

498
00:25:25,140 --> 00:25:26,140
No.

499
00:25:26,140 --> 00:25:29,140
Our VFNs have just been total, total trash.

500
00:25:29,140 --> 00:25:30,140
Yeah.

501
00:25:30,140 --> 00:25:34,140
It's, well, I think that's VN, VFN, that's, it's validator full nodes.

502
00:25:34,140 --> 00:25:39,140
So it's the full node, not the validator, but I think it's the validator full node, I guess code within that structure.

503
00:25:39,140 --> 00:25:41,140
That's, I think they're looking at.

504
00:25:41,140 --> 00:25:42,140
So yeah.

505
00:25:42,140 --> 00:25:45,140
Well, the hard disks were like red hot as well.

506
00:25:45,140 --> 00:25:51,140
Like when we, yeah, going to like 60, one was like, one of the sensors was like 60 degrees down.

507
00:25:51,140 --> 00:25:52,140
I was 79.

508
00:25:52,140 --> 00:25:54,140
And I was, I was doing something else.

509
00:25:54,140 --> 00:26:03,140
And then I actually had the one valid air that actually has done great during this sustained 25,000 TPS for 20 days.

510
00:26:03,140 --> 00:26:05,140
And then it just, they just finished up.

511
00:26:05,140 --> 00:26:09,140
It just stopped literally, it just like, it just, it load went down to three.

512
00:26:09,140 --> 00:26:13,140
And then it went, huh, it did that same thing that like the Orson Walls thing.

513
00:26:13,140 --> 00:26:15,140
And then it just, I'm going to head out.

514
00:26:15,140 --> 00:26:16,140
It's like, I'm going to head out.

515
00:26:16,140 --> 00:26:17,140
I don't get head out.

516
00:26:17,140 --> 00:26:30,140
So, and what I, what I was on three calls while it was happening, but I guess what, there's a, there's some sort of LVM bug that I guess are a MD, the MD array, a raid bug that, that I think for some reason after that, I think that for some reason, it was kind of like,

517
00:26:30,140 --> 00:26:42,140
a raid bug that, that I think for some reason after a huge sustained load and you, that sounds filthy, but after a huge load and then after it, I guess the, I guess the raid tries to catch up or something.

518
00:26:42,140 --> 00:26:43,140
And it goes into a hard deadlock.

519
00:26:43,140 --> 00:26:46,140
And so Aptos would get stuck to one core.

520
00:26:46,140 --> 00:26:48,140
Everything would take forever to write.

521
00:26:48,140 --> 00:26:50,140
And the only way you really get out of it for me was to reboot it.

522
00:26:50,140 --> 00:26:57,140
And it happened to somebody else we work with in the test net on the same architecture during this, during like the preview piece of it.

523
00:26:57,140 --> 00:27:00,140
And it just, it, like literally, the thing was like dead.

524
00:27:00,140 --> 00:27:08,140
And then I, I was trying to figure out the hell's going on and it took like a couple minutes to figure that and finally just rebooted the damn thing after like half an hour, then it's back and it's fine.

525
00:27:08,140 --> 00:27:15,140
So it's a really weird, it's so anyway, I gotta get rid of these MD arrays, I think on these, on these things, but not for this stress net.

526
00:27:15,140 --> 00:27:16,140
I mean, next time.

527
00:27:16,140 --> 00:27:29,140
I mean, I think our learning is basically just massively to overspec both on disk size and on Ram, because as soon as we're doing fine to 13 k TPS 15 k TPS and then

528
00:27:29,140 --> 00:27:37,140
In the validator in the, in the VFN, VFN, I don't think that's a fair.

529
00:27:37,140 --> 00:27:42,140
Yeah, I don't think it's a fair thing right now because I think the VFNs are really kind of fucked on me.

530
00:27:42,140 --> 00:27:52,140
Yeah, yeah, yeah, both of ours bagged out and then, and then the one validator I had, which was doing well, I had pruning off and so the disk filled up and I was waiting until like last possible minute.

531
00:27:52,140 --> 00:27:59,140
And then I finally had to kill it and try to have it state sync up in it and you can't state sync under load and this network doesn't work.

532
00:27:59,140 --> 00:28:03,140
And so that thing basically was out for 24 hours out of that, but my other one was doing great.

533
00:28:03,140 --> 00:28:04,140
Didn't drop a single one.

534
00:28:04,140 --> 00:28:05,140
It was just cranking.

535
00:28:05,140 --> 00:28:07,140
We have one of those right.

536
00:28:07,140 --> 00:28:08,140
It shot the bed.

537
00:28:08,140 --> 00:28:16,140
Like literally, yeah, it filled, even though pruning should have kicked in, it just filled the whole of a terabyte disk and then just shot the bed.

538
00:28:16,140 --> 00:28:17,140
That's weird.

539
00:28:17,140 --> 00:28:18,140
Yeah.

540
00:28:18,140 --> 00:28:20,140
And you're just like, what the fuck?

541
00:28:20,140 --> 00:28:26,140
Like, and I was looking at the configuration, it was like, there was nothing that should have allowed it to get that big.

542
00:28:26,140 --> 00:28:27,140
Yeah.

543
00:28:27,140 --> 00:28:34,140
But I think there must have been something to do with, so the memory was like maxed, like the RAM was totally maxed.

544
00:28:34,140 --> 00:28:43,140
So even though there was, I don't know, there was like fuck or swap configured like 32 meg or something like some tiny amount.

545
00:28:43,140 --> 00:28:52,140
There's got to be something happening there was spilling to disk or something because I just don't have a smoking gun for why the disk would fill up like that.

546
00:28:52,140 --> 00:28:54,140
It was like, it wouldn't be swap.

547
00:28:54,140 --> 00:28:56,140
It wouldn't be swap in that situation.

548
00:28:56,140 --> 00:28:57,140
No, exactly.

549
00:28:57,140 --> 00:29:05,140
But somehow the disk just filled up to like 98% and then RAM utilization was like, yeah, like 100%.

550
00:29:05,140 --> 00:29:07,140
And it was completely locked up.

551
00:29:07,140 --> 00:29:12,140
Like, you know, we want those, you know, when you know something's in trouble, when the monitoring drops off and you go check it out.

552
00:29:12,140 --> 00:29:20,140
And then you have to say, John, and it takes ages to connect and then you connect and when you type, there's like a big gap.

553
00:29:20,140 --> 00:29:21,140
That's what happened.

554
00:29:21,140 --> 00:29:22,140
That's what, yeah.

555
00:29:22,140 --> 00:29:23,140
That's not good.

556
00:29:23,140 --> 00:29:28,140
Something bad has happened. Let's open H top and then H top takes like eight minutes to load.

557
00:29:28,140 --> 00:29:31,140
You're like, okay, bad things are happening.

558
00:29:31,140 --> 00:29:32,140
Yeah, it's like kind of good.

559
00:29:32,140 --> 00:29:37,140
It's like an old, I want those teen slasher films when you enter the house and they've blood everywhere.

560
00:29:37,140 --> 00:29:42,140
You're just like, oh dear, here we go again.

561
00:29:42,140 --> 00:29:44,140
So I'm hoping we get a new version here.

562
00:29:44,140 --> 00:29:47,140
Maybe tonight I heard or tomorrow or something.

563
00:29:47,140 --> 00:29:49,140
And I think they're going to push through.

564
00:29:49,140 --> 00:29:53,140
I don't know, like to our point before whether it's going to end on Friday, I'm not really sure.

565
00:29:53,140 --> 00:30:00,140
But if they keep that timeline, I think that would be great to hold on to Friday because I have some machines on Saturday just by luck.

566
00:30:00,140 --> 00:30:03,140
I think ours end tomorrow, unfortunately.

567
00:30:03,140 --> 00:30:05,140
So we're going to have to renew for another month.

568
00:30:05,140 --> 00:30:06,140
Yeah.

569
00:30:06,140 --> 00:30:07,140
Yeah.

570
00:30:07,140 --> 00:30:12,140
And they've not been, well, the epics have been really good.

571
00:30:12,140 --> 00:30:15,140
The 7, 950s have been trash.

572
00:30:15,140 --> 00:30:27,140
Well, I think, again, I think that might be more related to the VFN than the actual, because somebody, our friend of the show at Republic,

573
00:30:27,140 --> 00:30:31,140
he's running one of his validators is on a 7, 950x and that thing does great.

574
00:30:31,140 --> 00:30:32,140
Kicks ass.

575
00:30:32,140 --> 00:30:33,140
Like does a really good job.

576
00:30:33,140 --> 00:30:36,140
Actually, been in the Republic.

577
00:30:36,140 --> 00:30:37,140
Yeah.

578
00:30:37,140 --> 00:30:39,140
One of his two is on a 7, 950 because it passed.

579
00:30:39,140 --> 00:30:46,140
So he's like, well, let's give it a shot because then he has the same thing I had, which is that 90, that big dog that we were talking about last week.

580
00:30:46,140 --> 00:30:51,140
And that thing is done really, I mean, it's not okay, but it's not pretty poorly up until this last bill.

581
00:30:51,140 --> 00:30:59,140
Like it is not executing the way that, like it's not executing the way that it should based on what's going on, which I assume is software, right?

582
00:30:59,140 --> 00:31:00,140
Like not really.

583
00:31:00,140 --> 00:31:04,140
7, 950 you'd have a way faster clock speed there, right?

584
00:31:04,140 --> 00:31:06,140
No, actually not that much more than these.

585
00:31:06,140 --> 00:31:07,140
It does.

586
00:31:07,140 --> 00:31:11,140
It's like 4, 4, 1 versus 3, 8 or something like that.

587
00:31:11,140 --> 00:31:13,140
It's not as big as you think.

588
00:31:13,140 --> 00:31:14,140
Yeah, it's not as well.

589
00:31:14,140 --> 00:31:15,140
What is it up to though?

590
00:31:15,140 --> 00:31:20,140
Is it like, I think this one boosts up to a look.

591
00:31:20,140 --> 00:31:23,140
I would have thought it'd be up like 4800.

592
00:31:23,140 --> 00:31:25,140
I can look really quick.

593
00:31:25,140 --> 00:31:28,140
I know this is usually exciting topics.

594
00:31:28,140 --> 00:31:41,140
The other thing that several people said was people who are racking their own nodes rather than relying on a third party provider were saying that the cooling was also a big, big issue.

595
00:31:41,140 --> 00:31:43,140
Yeah, like sustained load.

596
00:31:43,140 --> 00:31:50,140
Yeah, we've just purchased them straight off the shelf from Data Center provider.

597
00:31:50,140 --> 00:31:55,140
And so I don't know what their setup for cooling is, but back to the...

598
00:31:55,140 --> 00:32:00,140
Some of the others are doing all kinds of water cooling shit now.

599
00:32:00,140 --> 00:32:03,140
Yeah, well, it's back to like the sensors when we look to the sensors on the box.

600
00:32:03,140 --> 00:32:10,140
You know, fine, you don't know how accurate they are, but the fact that some of it's over 60, 70 degrees and that's not...

601
00:32:10,140 --> 00:32:13,140
SSDs are always cooking.

602
00:32:13,140 --> 00:32:14,140
Well, sure.

603
00:32:14,140 --> 00:32:17,140
Well, no, not the validators one.

604
00:32:17,140 --> 00:32:19,140
The fucking VFNs were.

605
00:32:19,140 --> 00:32:21,140
The validators were chilling.

606
00:32:21,140 --> 00:32:25,140
It wasn't even like a couple hundred meg right per second.

607
00:32:25,140 --> 00:32:26,140
Like it wasn't...

608
00:32:26,140 --> 00:32:27,140
I mean, it's a lot.

609
00:32:27,140 --> 00:32:30,140
I mean, in the old days, it's a lot, but like compared to what these things can do, it's really not much.

610
00:32:30,140 --> 00:32:31,140
70 plus degrees.

611
00:32:31,140 --> 00:32:32,140
That is warm.

612
00:32:32,140 --> 00:32:35,140
Yeah, but on NVMe, it's warm.

613
00:32:35,140 --> 00:32:42,140
Yeah, but the other thing, like some of those you can just like, I do that and I've done it in situations where you just go into like LLM sensors and just force all the fans to 100.

614
00:32:42,140 --> 00:32:44,140
Like don't even don't even let the temperature sensors work.

615
00:32:44,140 --> 00:32:46,140
Just fucking jack them up.

616
00:32:46,140 --> 00:32:48,140
Like jack every fan to 100 and just force it.

617
00:32:48,140 --> 00:32:50,140
Yeah, like no fan curve.

618
00:32:50,140 --> 00:32:53,140
Yeah, just just force them all to 100 at all times.

619
00:32:53,140 --> 00:32:54,140
Like there's nothing wrong with that.

620
00:32:54,140 --> 00:32:57,140
Because sometimes what you actually get is you get those fan curves.

621
00:32:57,140 --> 00:33:01,140
Like you might be on an edge where it like the fans are constantly ramping up and ramping down.

622
00:33:01,140 --> 00:33:06,140
And so you have this like wave that's going on with like, within NVMe spec, like temperatures and things like that.

623
00:33:06,140 --> 00:33:11,140
And sometimes you just want to force it to 100 because you get more airflow and, you know, just kind of keep it.

624
00:33:11,140 --> 00:33:12,140
Doesn't matter.

625
00:33:12,140 --> 00:33:13,140
It's not you're not listening to it.

626
00:33:13,140 --> 00:33:16,140
I was going to say, especially like on other people's hardware, it's not bad.

627
00:33:16,140 --> 00:33:17,140
Yeah, especially for something like this.

628
00:33:17,140 --> 00:33:18,140
It's for a couple of months.

629
00:33:18,140 --> 00:33:21,140
Well, we just had to pay you another month as well.

630
00:33:21,140 --> 00:33:23,140
When we really needed it for one more day.

631
00:33:23,140 --> 00:33:28,140
So pure spite, I'm going to wreck fucking wreck this server.

632
00:33:28,140 --> 00:33:40,140
So to answer your question on boost, no, this is a this epic is a 3264 with a base of 3.9 and a max boost of 4.3.

633
00:33:40,140 --> 00:33:47,140
And the 7950X3D is a 1632 with a base of 4.2 with a with a boost up to 5.7.

634
00:33:47,140 --> 00:33:49,140
So that's a pretty big difference within there.

635
00:33:49,140 --> 00:33:55,140
But also, I mean, PCI lanes and all that kind of stuff is vastly different the size of the L2 cache.

636
00:33:55,140 --> 00:33:57,140
And like, like that makes a difference.

637
00:33:57,140 --> 00:34:02,140
But but you don't need shit loads of PCI lanes like here on the run.

638
00:34:02,140 --> 00:34:03,140
You don't see where it's this days.

639
00:34:03,140 --> 00:34:04,140
Well, we're in five.

640
00:34:04,140 --> 00:34:06,140
But yeah, even with that, it's only one 16.

641
00:34:06,140 --> 00:34:09,140
It's one, well, I guess it's one 16 plus a little bit more.

642
00:34:09,140 --> 00:34:10,140
But yeah, some much.

643
00:34:10,140 --> 00:34:16,140
Have you, have you seen the, the new fourth gen epic?

644
00:34:16,140 --> 00:34:18,140
The the game.

645
00:34:18,140 --> 00:34:19,140
Oh, the game.

646
00:34:19,140 --> 00:34:23,140
Oh, see thing it's got 128 cores.

647
00:34:23,140 --> 00:34:27,140
That is that's the same one is that's still 99X, right?

648
00:34:27,140 --> 00:34:29,140
That's the same series as this.

649
00:34:29,140 --> 00:34:30,140
Yeah.

650
00:34:30,140 --> 00:34:31,140
Yeah, the bigger one.

651
00:34:31,140 --> 00:34:37,140
Yeah, the one that the other one that we run is that 9474, which is six, which is 4896.

652
00:34:37,140 --> 00:34:40,140
But those are the F's, which are like the really high clock speed ones.

653
00:34:40,140 --> 00:34:43,140
The other ones are those other ones are just they're not like good for this type stuff.

654
00:34:43,140 --> 00:34:46,140
No, they're like three triggers.

655
00:34:46,140 --> 00:34:47,140
Yeah.

656
00:34:47,140 --> 00:34:49,140
256 cores though.

657
00:34:49,140 --> 00:34:54,140
Like that's, that's like a big fucking dinner on it too.

658
00:34:54,140 --> 00:34:55,140
It's like huge.

659
00:34:55,140 --> 00:34:58,140
But if you're running like vSphere or something like that, where you have like, you know,

660
00:34:58,140 --> 00:35:02,140
a shitload of nodes that are running and sharing time and all that kind of stuff that would do really well.

661
00:35:02,140 --> 00:35:03,140
Yeah.

662
00:35:03,140 --> 00:35:04,140
Yeah.

663
00:35:04,140 --> 00:35:07,140
Anyway, so I just had dual CPU on those bad boys.

664
00:35:07,140 --> 00:35:15,140
But this, this test, I mean, the stress net to its, I guess it ran for what 25,000 sustained TPS, right?

665
00:35:15,140 --> 00:35:17,140
24, 25 somewhere in there.

666
00:35:17,140 --> 00:35:18,140
I think for what?

667
00:35:18,140 --> 00:35:20,140
For like 30 hours, 28 hours?

668
00:35:20,140 --> 00:35:24,140
I think they said it pumped in 2 billion transactions.

669
00:35:24,140 --> 00:35:25,140
Yeah.

670
00:35:25,140 --> 00:35:27,140
2 billion transactions is over 24 hours or whatever.

671
00:35:27,140 --> 00:35:28,140
It was pretty cool.

672
00:35:28,140 --> 00:35:29,140
Yeah.

673
00:35:29,140 --> 00:35:30,140
Yeah.

674
00:35:30,140 --> 00:35:34,140
I mean, and that was with like 25% of the network offline as well.

675
00:35:34,140 --> 00:35:35,140
Yeah.

676
00:35:35,140 --> 00:35:36,140
It was down to 70.

677
00:35:36,140 --> 00:35:39,140
The lowest I saw was like 72 or something like that.

678
00:35:39,140 --> 00:35:41,140
2 billion sends.

679
00:35:41,140 --> 00:35:42,140
Woo.

680
00:35:42,140 --> 00:35:45,140
I think, I don't know if they're all, were they all sends?

681
00:35:45,140 --> 00:35:48,140
I thought it was pretty simple transactions though, wasn't it?

682
00:35:48,140 --> 00:35:49,140
I don't think it was like.

683
00:35:49,140 --> 00:35:51,140
I think there's some NFTs and things.

684
00:35:51,140 --> 00:35:52,140
Yeah.

685
00:35:52,140 --> 00:35:56,140
I don't remember what, I don't remember what Alden's or what they said Alden said about the, the transaction mix.

686
00:35:56,140 --> 00:36:05,140
But we did see like our, I, I, we had about, I think 50 or they were sustaining about 50 or 60s requests a second on our VFNs.

687
00:36:05,140 --> 00:36:14,140
So I guess at 20,000 there's seven, they must have been distributing that out to a ton of nodes to, to add it in.

688
00:36:14,140 --> 00:36:17,140
What's the, what's the data growth on something like that?

689
00:36:17,140 --> 00:36:18,140
It prunes pretty hard.

690
00:36:18,140 --> 00:36:23,140
So I think the pruning on this is, was it 300 million versions?

691
00:36:23,140 --> 00:36:24,140
What was that guys?

692
00:36:24,140 --> 00:36:25,140
Do you know?

693
00:36:25,140 --> 00:36:27,140
I think it was 300 million versions.

694
00:36:27,140 --> 00:36:33,140
I think the, I think the desk utilization on the valve never got over about 300 gig.

695
00:36:33,140 --> 00:36:34,140
Yeah.

696
00:36:34,140 --> 00:36:38,140
It prunes pretty, it prunes and it's continuously pruning, right?

697
00:36:38,140 --> 00:36:57,140
So every time, if you're getting 20,000 transactions a second, I think it's pruning that in the back end too, which was some of the issues I think they were showing on the VFN or on the, on the full notice is it wasn't pretty fast enough for the number of pruners and, and then this version also they moved from like straight file based storage to RocksDB and sharded RocksDB.

698
00:36:57,140 --> 00:37:04,140
So there's like 16 separate RocksDB databases for each of these different data stores and they, they open them all up.

699
00:37:04,140 --> 00:37:16,140
And so there's like a, so if you actually look at the number of concurrent writes and the processes that are writing, it's a really long process list because it's writing concurrently to all these different shards and then also printing across those shards as well.

700
00:37:16,140 --> 00:37:21,140
They really are just pushing the limits of something nobody needs, right?

701
00:37:21,140 --> 00:37:38,140
Yeah. Well, the interesting thing is that they got to like 18,000 in the last one. And so there's a lot of code changes required to add that additional four, four, five K, maybe six K extra transactions, which we've got 24 K was peak.

702
00:37:38,140 --> 00:37:45,140
Like it's a huge amount of work to have added that additional TPS and still a lot of things have fallen over, you know.

703
00:37:45,140 --> 00:37:50,140
Yeah, I show 27,000 as peak. That's pretty good.

704
00:37:50,140 --> 00:38:00,140
That's pretty decent. Even if they are sent and like, you know, some men's and those types of things like that's per second, that's a lot of, that's a lot of defy.

705
00:38:00,140 --> 00:38:08,140
I mean, never the Celestia, I was noticing, they picked it like 12 transactions per second.

706
00:38:08,140 --> 00:38:09,140
Yeah. Yeah.

707
00:38:09,140 --> 00:38:12,140
And I was also just totally brought to its knees with that.

708
00:38:12,140 --> 00:38:19,140
Right. Right. Yeah. I mean, these are real transactions. Like it's not like that bullshit stuff that you saw in the SUI side, what they're saying.

709
00:38:19,140 --> 00:38:21,140
It's like 600,000 or whatever the hell it was.

710
00:38:21,140 --> 00:38:27,140
But yeah, it's a it's a big number and like, and like these things were humming, like they're doing pretty good too.

711
00:38:27,140 --> 00:38:34,140
But well, 600 K is the is the number in the original NARWAL paper, isn't it? The NARWAL task paper.

712
00:38:34,140 --> 00:38:44,140
So we mentioned on the bottle last week, but that's that's probably psychologically why Siri felt comfortable bullshitting their way to 600 K because

713
00:38:44,140 --> 00:38:57,140
it might have been 100 K now that I'm thinking about it. In a very, very limited sense that has already been benchmarked in a kind of lab setting, but not in a production setting, I suppose.

714
00:38:57,140 --> 00:39:09,140
So, yeah. Hey, Nold, to celebrate your lack of alcohol, I went out and picked up some specific. Oh, Penfolds, baby. Oh, is that Canungra Hill?

715
00:39:09,140 --> 00:39:11,140
It is. Yeah. Absolutely. It's will.

716
00:39:11,140 --> 00:39:17,140
I hate Shiraz too, but I bought it just for you. I saw it on the shelf. I was like, oh, look at, I mean, had such a goofy name.

717
00:39:17,140 --> 00:39:19,140
I'm like, look at the Kunununu noon. Good nose in here.

718
00:39:19,140 --> 00:39:21,140
And I was like, oh, I'm getting it just for you.

719
00:39:21,140 --> 00:39:22,140
Can get angry.

720
00:39:22,140 --> 00:39:24,140
I literally. I have.

721
00:39:24,140 --> 00:39:25,140
I have.

722
00:39:25,140 --> 00:39:26,140
I have.

723
00:39:26,140 --> 00:39:27,140
I have.

724
00:39:27,140 --> 00:39:30,140
15 dollar fucking podcast joke.

725
00:39:30,140 --> 00:39:33,140
I only drink Shiraz, man. It's the best.

726
00:39:33,140 --> 00:39:34,140
Do you?

727
00:39:34,140 --> 00:39:35,140
Yeah.

728
00:39:35,140 --> 00:39:36,140
I was trying to.

729
00:39:36,140 --> 00:39:37,140
Shiraz is not bad.

730
00:39:37,140 --> 00:39:38,140
Shiraz?

731
00:39:38,140 --> 00:39:39,140
Shiraz.

732
00:39:39,140 --> 00:39:41,140
What's that? We say it.

733
00:39:41,140 --> 00:39:42,140
Shiraz.

734
00:39:42,140 --> 00:39:44,140
That is up.

735
00:39:44,140 --> 00:39:45,140
Sure.

736
00:39:45,140 --> 00:39:52,140
Well, yeah, I mean, that's the other thing in my stable is beer, whiskey and Shiraz pussy.

737
00:39:52,140 --> 00:39:54,140
The trifecta of gout.

738
00:39:54,140 --> 00:39:57,140
I tried to get some stuff in there.

739
00:39:57,140 --> 00:40:00,140
What was that trifecta of gout?

740
00:40:00,140 --> 00:40:03,140
I knew a guy.

741
00:40:03,140 --> 00:40:11,140
A guy that like a friend of mine and he he was a bit of a useless bloke kind of living

742
00:40:11,140 --> 00:40:13,140
off mommy and daddy.

743
00:40:13,140 --> 00:40:17,140
And you know, just like, you know, one of those people that's like, yeah, people need to get

744
00:40:17,140 --> 00:40:18,140
a job and stuff.

745
00:40:18,140 --> 00:40:20,140
And it was like, yeah, what do you do, man?

746
00:40:20,140 --> 00:40:21,140
It's like, oh, I trade antiques.

747
00:40:21,140 --> 00:40:23,140
And it was like, do you now?

748
00:40:23,140 --> 00:40:25,140
And you live in the center of London.

749
00:40:25,140 --> 00:40:27,140
You're like 23 and you trade antiques.

750
00:40:27,140 --> 00:40:32,140
So in other words, mommy and daddy are propping up the party.

751
00:40:32,140 --> 00:40:37,140
And that guy completely on this will not surprise anybody that's had even that slight bit of

752
00:40:37,140 --> 00:40:38,140
intro.

753
00:40:38,140 --> 00:40:40,140
That guy got gout.

754
00:40:40,140 --> 00:40:48,140
One of my favorite stories was that he he bought he bought a like some fancy like Bavarian

755
00:40:48,140 --> 00:40:52,140
cigarette case, silver cigarette case or something to resell.

756
00:40:52,140 --> 00:40:54,140
She's like, oh, shit, it's super cheap.

757
00:40:54,140 --> 00:40:59,140
What it is like even just the silver cost, it's massively cheaper than it should be.

758
00:40:59,140 --> 00:41:04,140
It's collection only in like, okay, the city in Bavaria, I don't know, my German geography

759
00:41:04,140 --> 00:41:05,140
is so hot.

760
00:41:05,140 --> 00:41:09,140
So he got an easy jet flight over there when I picked it up, brought it home and then it's

761
00:41:09,140 --> 00:41:11,140
just like, yeah, it's just kind of cool.

762
00:41:11,140 --> 00:41:13,140
I'm going to keep it.

763
00:41:13,140 --> 00:41:16,140
Oh, that's not really good business sense.

764
00:41:16,140 --> 00:41:17,140
Yeah, exactly.

765
00:41:17,140 --> 00:41:20,140
When validators are calling your business sense bad.

766
00:41:20,140 --> 00:41:22,140
That's bad news.

767
00:41:22,140 --> 00:41:23,140
Yeah.

768
00:41:23,140 --> 00:41:24,140
Okay.

769
00:41:24,140 --> 00:41:28,140
I guess you have a point.

770
00:41:28,140 --> 00:41:34,140
On something like a little bit off off off topic.

771
00:41:34,140 --> 00:41:41,140
Any of you boys a omniflicks validator, both of you both of you boys.

772
00:41:41,140 --> 00:41:44,140
I'm not even talking to the fray.

773
00:41:44,140 --> 00:41:46,140
It's one network.

774
00:41:46,140 --> 00:41:52,140
Well, anything like strike you as a little bit fucking suspect last night with that.

775
00:41:52,140 --> 00:41:54,140
What the whole thing upgrade.

776
00:41:54,140 --> 00:41:57,140
Yeah, I mean, that was some shit.

777
00:41:57,140 --> 00:42:02,140
But as soon as they hit the whole height, people were like upgraded.

778
00:42:02,140 --> 00:42:06,140
I can't type and my fucking compiler is not that quick.

779
00:42:06,140 --> 00:42:12,140
Like I had pre compiled my thing before the upgrade height, but someone typed in their

780
00:42:12,140 --> 00:42:17,140
upgraded literally within five seconds of the whole height.

781
00:42:17,140 --> 00:42:18,140
What's your point?

782
00:42:18,140 --> 00:42:20,140
How is that possible?

783
00:42:20,140 --> 00:42:23,140
Also, the network was running again in like no seconds.

784
00:42:23,140 --> 00:42:24,140
Did it even stop?

785
00:42:24,140 --> 00:42:26,140
It did stop.

786
00:42:26,140 --> 00:42:28,140
Because I got I didn't even I even see that notification.

787
00:42:28,140 --> 00:42:33,140
So I didn't see it until after I think it halted is really how I got notified about it.

788
00:42:33,140 --> 00:42:36,140
But I was sitting here and it went like right away.

789
00:42:36,140 --> 00:42:39,140
And as soon as I as soon as I actually ran that it started right away.

790
00:42:39,140 --> 00:42:41,140
It was only been down like five minutes, right?

791
00:42:41,140 --> 00:42:44,140
Which is like less than a minute.

792
00:42:44,140 --> 00:42:45,140
No, it was.

793
00:42:45,140 --> 00:42:48,140
Oh, well, I didn't even know actually because as soon as mine was starting, I was seeing

794
00:42:48,140 --> 00:42:49,140
blocks.

795
00:42:49,140 --> 00:42:50,140
So I actually thought that I might have pushed it over.

796
00:42:50,140 --> 00:42:55,140
Well, no, well, it was going when as soon as I restarted my nodes.

797
00:42:55,140 --> 00:42:57,140
So I had pre-compiled right.

798
00:42:57,140 --> 00:43:00,140
So I watched my log.

799
00:43:00,140 --> 00:43:02,140
I saw the halt.

800
00:43:02,140 --> 00:43:03,140
You watched your log.

801
00:43:03,140 --> 00:43:05,140
I watched my log.

802
00:43:05,140 --> 00:43:06,140
I stopped.

803
00:43:06,140 --> 00:43:15,140
I stopped the system D and then I like pasted the copy command that I'd pre-copied.

804
00:43:15,140 --> 00:43:16,140
Right.

805
00:43:16,140 --> 00:43:20,140
And then I started it again and the network was running.

806
00:43:20,140 --> 00:43:24,140
So I'm thinking that it could have been a like upgrade in place thing.

807
00:43:24,140 --> 00:43:28,140
I don't think it was state breaking because I think all those other nodes that didn't

808
00:43:28,140 --> 00:43:30,140
upgrade were still running.

809
00:43:30,140 --> 00:43:32,140
So maybe that maybe.

810
00:43:32,140 --> 00:43:36,140
So in that case, there, the halt height wasn't really a halt height, right?

811
00:43:36,140 --> 00:43:38,140
Cause not enough people cause I didn't even see it in the location.

812
00:43:38,140 --> 00:43:39,140
It was very short, right?

813
00:43:39,140 --> 00:43:41,140
I don't think it was a state breaking thing.

814
00:43:41,140 --> 00:43:44,140
I think it must not have been because otherwise it wouldn't have, it wouldn't have started

815
00:43:44,140 --> 00:43:45,140
that quickly.

816
00:43:45,140 --> 00:43:50,140
Like it would have been impossible for 67% that on any network that would have happened within

817
00:43:50,140 --> 00:43:51,140
that short of a time, right?

818
00:43:51,140 --> 00:43:55,140
On a state state and change on a manual halt height non-governance.

819
00:43:55,140 --> 00:43:56,140
Yeah.

820
00:43:56,140 --> 00:43:57,140
Like a manual hold.

821
00:43:57,140 --> 00:44:01,140
You'd expect it to take like six hours.

822
00:44:01,140 --> 00:44:02,140
Yeah.

823
00:44:02,140 --> 00:44:09,140
I was thinking to myself like how, how you could do it without having to wake up and get

824
00:44:09,140 --> 00:44:10,140
out of bed.

825
00:44:10,140 --> 00:44:16,140
And I came up with this process of how, how was it?

826
00:44:16,140 --> 00:44:18,140
So you stop your node.

827
00:44:18,140 --> 00:44:24,140
You copy the existing binary into a different place, not in your, your go bin or whatever.

828
00:44:24,140 --> 00:44:27,140
Or you can leave it in probably in your go bin.

829
00:44:27,140 --> 00:44:34,140
You compile the new node in just into the build directory, like without installing it.

830
00:44:34,140 --> 00:44:35,140
Yeah.

831
00:44:35,140 --> 00:44:39,140
Copy that across into the Cosmovisor directory where it needs to be.

832
00:44:39,140 --> 00:44:42,140
Oh, hey.

833
00:44:42,140 --> 00:44:48,140
And, and then manually start it, your node, right?

834
00:44:48,140 --> 00:44:56,140
So in this, in this case, OmniFleek sub D start with the halt height flag and then the or

835
00:44:56,140 --> 00:45:02,140
operator, the, the double pipe to then start the system D.

836
00:45:02,140 --> 00:45:04,140
I think that would work.

837
00:45:04,140 --> 00:45:10,140
So it had exit with a code one, once it hits the halt height and then it would hit your

838
00:45:10,140 --> 00:45:13,140
system D start again, which would pick up the new binary.

839
00:45:13,140 --> 00:45:14,140
Yeah.

840
00:45:14,140 --> 00:45:15,140
You could work.

841
00:45:15,140 --> 00:45:19,140
You could replace, I mean, you could replace the binary in place, even in the Cosmovisor

842
00:45:19,140 --> 00:45:20,140
directory.

843
00:45:20,140 --> 00:45:23,140
And it would replace the running binary.

844
00:45:23,140 --> 00:45:25,140
The running binary is.

845
00:45:25,140 --> 00:45:28,140
You can't replace the running binary in Cosmovisor.

846
00:45:28,140 --> 00:45:29,140
Sure you can.

847
00:45:29,140 --> 00:45:30,140
Well, you can.

848
00:45:30,140 --> 00:45:32,140
You have to force it.

849
00:45:32,140 --> 00:45:36,140
So I mean, normally when you do a normal copy of this, CP dash F, like you can force replace

850
00:45:36,140 --> 00:45:37,140
that binary.

851
00:45:37,140 --> 00:45:39,140
It doesn't replace the running actual binary.

852
00:45:39,140 --> 00:45:42,140
Like, like the process is continuing to run.

853
00:45:42,140 --> 00:45:43,140
Right.

854
00:45:43,140 --> 00:45:45,140
If it goes back to the binary for something, maybe it fucks up, but I've, we've done this

855
00:45:45,140 --> 00:45:47,140
before and other for some other reason.

856
00:45:47,140 --> 00:45:52,140
And then when that thing, when that process restarts, it would, it would use the new one.

857
00:45:52,140 --> 00:45:56,140
Yeah, but you need to be able to set a hold height that's not in your.

858
00:45:56,140 --> 00:45:57,140
For sure.

859
00:45:57,140 --> 00:45:58,140
Yeah.

860
00:45:58,140 --> 00:45:59,140
So it says, I don't matter our manage.

861
00:45:59,140 --> 00:46:02,140
God's even the comment says, I don't manage our OmniFleek snow, but it sounds like this

862
00:46:02,140 --> 00:46:05,140
might be a case of restart always flag on the, on the unifile.

863
00:46:05,140 --> 00:46:06,140
That's another issue too.

864
00:46:06,140 --> 00:46:08,140
Cause like manual halftights doesn't do anything.

865
00:46:08,140 --> 00:46:11,140
It does a binary, but usually system defires it right back up.

866
00:46:11,140 --> 00:46:14,140
And so you end up moving past, we had that issue like every time, right?

867
00:46:14,140 --> 00:46:16,140
Cause people just move right past it.

868
00:46:16,140 --> 00:46:17,140
And so there's enough there.

869
00:46:17,140 --> 00:46:18,140
It just moves right past the whole.

870
00:46:18,140 --> 00:46:21,140
Well, it actually pushes through the hold height.

871
00:46:21,140 --> 00:46:23,140
Like, yeah, it would just keep going.

872
00:46:23,140 --> 00:46:24,140
Yeah.

873
00:46:24,140 --> 00:46:25,140
Well, it doesn't keep going.

874
00:46:25,140 --> 00:46:26,140
Yeah.

875
00:46:26,140 --> 00:46:32,140
It pushes through and then it errors out and then, but it does sometimes advance round.

876
00:46:32,140 --> 00:46:33,140
It does.

877
00:46:33,140 --> 00:46:34,140
It would have it.

878
00:46:34,140 --> 00:46:35,140
Yeah.

879
00:46:35,140 --> 00:46:39,140
It does usually just keep breaking it and restarting.

880
00:46:39,140 --> 00:46:40,140
Yeah.

881
00:46:40,140 --> 00:46:44,140
But this is back to the, how you can end up with random teams stands and whatnot.

882
00:46:44,140 --> 00:46:49,140
Well, no, I'm, well, as long as you know, fuck with the state file shouldn't.

883
00:46:49,140 --> 00:46:54,140
That's why I just had it quite interesting that the network was back up so quick on a

884
00:46:54,140 --> 00:46:55,140
manual.

885
00:46:55,140 --> 00:46:56,140
Right.

886
00:46:56,140 --> 00:46:59,140
My guess is actually to your point, it probably didn't halt.

887
00:46:59,140 --> 00:47:00,140
Right.

888
00:47:00,140 --> 00:47:02,140
You probably had 67% that continued forward.

889
00:47:02,140 --> 00:47:07,500
And it was a non state breaking change that people randomly updated binaries throughout

890
00:47:07,500 --> 00:47:08,500
there.

891
00:47:08,500 --> 00:47:13,140
And who knows if even if the state is correct based on the updated binaries.

892
00:47:13,140 --> 00:47:17,140
I mean, I just don't understand why they didn't just do a governance upgrade.

893
00:47:17,140 --> 00:47:18,140
Yeah.

894
00:47:18,140 --> 00:47:20,140
What was, do you know what, was this like a security thing or something?

895
00:47:20,140 --> 00:47:21,140
Like, why does it even happen?

896
00:47:21,140 --> 00:47:23,140
It must have been a security thing.

897
00:47:23,140 --> 00:47:24,140
Yeah.

898
00:47:24,140 --> 00:47:25,140
Some description.

899
00:47:25,140 --> 00:47:30,140
Like, I didn't even really say they just said do this upgrade.

900
00:47:30,140 --> 00:47:31,140
Right.

901
00:47:31,140 --> 00:47:33,140
They've been a couple of late.

902
00:47:33,140 --> 00:47:35,140
So maybe they realized they were still exposed.

903
00:47:35,140 --> 00:47:36,140
Yeah.

904
00:47:36,140 --> 00:47:41,140
I mean, it was like what 12 hours notice maybe less than a day.

905
00:47:41,140 --> 00:47:42,140
I missed it.

906
00:47:42,140 --> 00:47:44,140
I mean, I missed it until after the halt.

907
00:47:44,140 --> 00:47:45,140
That's for sure.

908
00:47:45,140 --> 00:47:48,140
When you got the notification notification.

909
00:47:48,140 --> 00:47:53,140
Hey, do you remember I was telling you the other day's about the, that stalling problem

910
00:47:53,140 --> 00:47:55,140
with my osmosis RPCs.

911
00:47:55,140 --> 00:47:56,140
Yes.

912
00:47:56,140 --> 00:48:03,140
And I made a script to just like constantly poll the, the height and then just restart

913
00:48:03,140 --> 00:48:07,140
the system D if it gets stalled out.

914
00:48:07,140 --> 00:48:10,140
That does not work so good around epoch.

915
00:48:10,140 --> 00:48:12,140
Oh yes.

916
00:48:12,140 --> 00:48:16,140
So we said it's sad at epoch and then you just, you just started rebooting it.

917
00:48:16,140 --> 00:48:17,140
Yeah.

918
00:48:17,140 --> 00:48:22,140
And then he keeps trying to do the epoch.

919
00:48:22,140 --> 00:48:24,140
So, yeah.

920
00:48:24,140 --> 00:48:27,140
So there was another four AM wake up this morning.

921
00:48:27,140 --> 00:48:29,140
That's pretty funny.

922
00:48:29,140 --> 00:48:30,140
Yeah.

923
00:48:30,140 --> 00:48:34,140
But it, it's a, it was a simple change like in the, in the part of the statement that

924
00:48:34,140 --> 00:48:35,140
actually does the restart.

925
00:48:35,140 --> 00:48:39,140
So now it polls on one minute, but if it does a restart, it just waits five minutes before

926
00:48:39,140 --> 00:48:40,140
it polls again.

927
00:48:40,140 --> 00:48:46,140
So yeah, that was a, I mean, I didn't put any error handling in that at all.

928
00:48:46,140 --> 00:48:49,140
It's like the dirtiest script, but it works sort of.

929
00:48:49,140 --> 00:48:51,140
So that's, that's fun.

930
00:48:51,140 --> 00:48:54,140
Um, crypto prices are crazy today.

931
00:48:54,140 --> 00:48:58,140
It was like down, it was down 10% earlier like yesterday you're messaging me.

932
00:48:58,140 --> 00:48:59,140
Party's over.

933
00:48:59,140 --> 00:49:00,140
Party's over.

934
00:49:00,140 --> 00:49:01,140
Everything's done.

935
00:49:01,140 --> 00:49:02,140
Everything's like red.

936
00:49:02,140 --> 00:49:03,140
It's all going down.

937
00:49:03,140 --> 00:49:04,140
Yeah.

938
00:49:04,140 --> 00:49:05,140
Today things are bouncing back a little bit.

939
00:49:05,140 --> 00:49:06,140
Yeah.

940
00:49:06,140 --> 00:49:09,140
Well, it's that they bang up that 20% right?

941
00:49:09,140 --> 00:49:14,140
Is say performing or is it say is it 16 cents again?

942
00:49:14,140 --> 00:49:15,140
Oh baby.

943
00:49:15,140 --> 00:49:16,140
Yeah.

944
00:49:16,140 --> 00:49:19,140
It was, it's up 25% this week.

945
00:49:19,140 --> 00:49:24,140
The UIDX is $4, which is pretty crazy since.

946
00:49:24,140 --> 00:49:29,140
So the word on the street is people think that that's because of validators buying.

947
00:49:29,140 --> 00:49:31,140
I don't think that's small numbers, right?

948
00:49:31,140 --> 00:49:32,140
Overall.

949
00:49:32,140 --> 00:49:33,140
Yeah.

950
00:49:33,140 --> 00:49:37,140
I mean, this, it's not like it's in the context of the liquidity of like D Y DX.

951
00:49:37,140 --> 00:49:39,140
Less than a million dollars, right?

952
00:49:39,140 --> 00:49:40,140
Easily.

953
00:49:40,140 --> 00:49:44,140
So, so you're not like really pushing anything related to that market cap is huge over several

954
00:49:44,140 --> 00:49:45,140
weeks as well.

955
00:49:45,140 --> 00:49:46,140
Yeah.

956
00:49:46,140 --> 00:49:47,140
Yeah.

957
00:49:47,140 --> 00:49:50,140
But it is like, it's a, it's a pretty nice drive at the price.

958
00:49:50,140 --> 00:49:56,740
Like I told you guys before, if all of the trading action was on V for my estimate is

959
00:49:56,740 --> 00:50:02,140
about six bucks a token is what it's worth, but no financial advice.

960
00:50:02,140 --> 00:50:03,140
We're good.

961
00:50:03,140 --> 00:50:04,140
Yeah.

962
00:50:04,140 --> 00:50:06,140
We're going to remind you of that every time.

963
00:50:06,140 --> 00:50:13,640
But it's nice that, you know, ask D Janning to get into the validator set has like been

964
00:50:13,640 --> 00:50:15,740
a reasonable investment thus far.

965
00:50:15,740 --> 00:50:20,740
Yeah, which is, which is actually one of the reasons that I did it is, is because I, you

966
00:50:20,740 --> 00:50:25,740
know, obviously just a little bit less risk with a, with a somewhat stable token that I

967
00:50:25,740 --> 00:50:27,740
didn't think we actually would even have this much price movement.

968
00:50:27,740 --> 00:50:30,740
Like I didn't really, I wasn't expecting anything to grow here.

969
00:50:30,740 --> 00:50:33,740
I was hoping it wasn't going to turn into four cents, you know?

970
00:50:33,740 --> 00:50:34,740
Yeah.

971
00:50:34,740 --> 00:50:38,740
I wouldn't have expected like more than, you know, 20% price action.

972
00:50:38,740 --> 00:50:43,740
Well, there's a, I mean, there's a lot over the, over the, I suppose this is up 30% this

973
00:50:43,740 --> 00:50:50,740
week, Stargaze 50%, which is whatever small numbers, but whatever start, maybe 25%.

974
00:50:50,740 --> 00:50:55,740
Maybe there's more people than we know watch this podcast and like everyone's buying on

975
00:50:55,740 --> 00:50:56,740
my valuation.

976
00:50:56,740 --> 00:50:57,740
It could be.

977
00:50:57,740 --> 00:50:59,740
That's exactly what it is.

978
00:50:59,740 --> 00:51:01,740
So what it is.

979
00:51:01,740 --> 00:51:02,740
I'm sure that's what it is.

980
00:51:02,740 --> 00:51:03,740
Yeah.

981
00:51:03,740 --> 00:51:06,740
Cosney also says apparently circle benches invested in say we did see that as well, that

982
00:51:06,740 --> 00:51:10,480
there was some sort of announcement from the say team that circle made an investment.

983
00:51:10,480 --> 00:51:15,420
We were trying to find some news or information from circle related to that or any more details

984
00:51:15,420 --> 00:51:18,100
of what that is, but we didn't really see much run.

985
00:51:18,100 --> 00:51:22,740
There was certainly a one liner from the say Twitter account.

986
00:51:22,740 --> 00:51:23,740
Right.

987
00:51:23,740 --> 00:51:24,740
That's right.

988
00:51:24,740 --> 00:51:25,740
With a, with a cool graphic.

989
00:51:25,740 --> 00:51:27,140
So this was some time of the graphic.

990
00:51:27,140 --> 00:51:28,140
Yeah.

991
00:51:28,140 --> 00:51:29,140
It was like the circle balls and everything.

992
00:51:29,140 --> 00:51:30,140
Yeah.

993
00:51:30,140 --> 00:51:31,140
The hell is this?

994
00:51:31,140 --> 00:51:32,140
No, it's not.

995
00:51:32,140 --> 00:51:34,140
Investment was more than a graphic cost.

996
00:51:34,140 --> 00:51:35,140
I know that.

997
00:51:35,140 --> 00:51:36,140
Yeah.

998
00:51:36,140 --> 00:51:37,140
Well, I must.

999
00:51:37,140 --> 00:51:38,140
Well, maybe they just got someone really good at graphics.

1000
00:51:38,140 --> 00:51:39,140
So you just bang that out and.

1001
00:51:39,140 --> 00:51:41,140
I don't know.

1002
00:51:41,140 --> 00:51:43,740
I don't even know how you'd make that.

1003
00:51:43,740 --> 00:51:44,940
What about some news?

1004
00:51:44,940 --> 00:51:47,140
Have we covered any of the news with our rambling?

1005
00:51:47,140 --> 00:51:50,940
Oh, D Y DX enables trading.

1006
00:51:50,940 --> 00:51:56,500
Are we rich with that sweet, sweet centralized US DC yet?

1007
00:51:56,500 --> 00:51:58,580
So funny, funny about that.

1008
00:51:58,580 --> 00:52:03,180
The trading has commenced on the D Y DX.

1009
00:52:03,180 --> 00:52:05,540
You heard it here last folks.

1010
00:52:05,540 --> 00:52:09,380
Trading has commenced on D Y DX.

1011
00:52:09,380 --> 00:52:13,620
Believe the grand total of volume today is $20 last I checked.

1012
00:52:13,620 --> 00:52:15,060
Is that your $20?

1013
00:52:15,060 --> 00:52:17,300
Yeah, it wasn't mine yesterday.

1014
00:52:17,300 --> 00:52:20,780
It was a, it was like 25 grand yesterday or something like that.

1015
00:52:20,780 --> 00:52:23,660
Well, I mean, it's, it's, it's brand new.

1016
00:52:23,660 --> 00:52:24,660
It's fresh.

1017
00:52:24,660 --> 00:52:28,940
People still haven't really bridged that much across in the big scheme of things.

1018
00:52:28,940 --> 00:52:30,660
You also can use it in the US.

1019
00:52:30,660 --> 00:52:31,660
Yeah.

1020
00:52:31,660 --> 00:52:32,660
No US, right?

1021
00:52:32,660 --> 00:52:33,660
You can't do that in V three either.

1022
00:52:33,660 --> 00:52:34,660
Right.

1023
00:52:34,660 --> 00:52:35,660
You can.

1024
00:52:35,660 --> 00:52:36,660
I think you can.

1025
00:52:36,660 --> 00:52:38,660
I, I went and checked.

1026
00:52:38,660 --> 00:52:39,660
With the check.

1027
00:52:39,660 --> 00:52:44,660
I swear I tried it a while ago, but it wouldn't work, but I, there might be a while ago.

1028
00:52:44,660 --> 00:52:53,180
So when D Y DX was telling us to run nodes around the Asia region, because that's where

1029
00:52:53,180 --> 00:52:56,660
the customers are, I was skeptical.

1030
00:52:56,660 --> 00:52:59,820
I was like, really?

1031
00:52:59,820 --> 00:53:03,540
And you know, didn't quite believe that.

1032
00:53:03,540 --> 00:53:04,540
Yeah.

1033
00:53:04,540 --> 00:53:09,660
Um, that appears to be where the customers are looking at the traffic status.

1034
00:53:09,660 --> 00:53:15,140
Lots of Singapore, Japan, uh, yeah, type areas.

1035
00:53:15,140 --> 00:53:19,420
So that's pretty common and say too, like we've saw that, like we talked about the before

1036
00:53:19,420 --> 00:53:25,980
on a previous show and say launch too, that, that we were surprised about the amount of

1037
00:53:25,980 --> 00:53:27,540
like traffic coming out of Asia Pacific.

1038
00:53:27,540 --> 00:53:30,260
So, so that's moved a little bit for us.

1039
00:53:30,260 --> 00:53:34,420
Like now it's like balanced out a little bit more, but, but it was definitely very Asia

1040
00:53:34,420 --> 00:53:35,420
focused.

1041
00:53:35,420 --> 00:53:41,940
The, um, the traffic is definitely increasing on, um, D Y DX.

1042
00:53:41,940 --> 00:53:44,740
So, and that's a good sign.

1043
00:53:44,740 --> 00:53:46,260
People are coming over.

1044
00:53:46,260 --> 00:53:54,300
Um, but yeah, if I'm looking at like country, there are still like us, like the US is still

1045
00:53:54,300 --> 00:53:55,300
got traffic.

1046
00:53:55,300 --> 00:53:56,300
So I don't know.

1047
00:53:56,300 --> 00:54:01,900
It is very little though, like in the last 24 hours is like, it doesn't even show on

1048
00:54:01,900 --> 00:54:02,900
the country's list.

1049
00:54:02,900 --> 00:54:07,980
It's that, that little, but yeah, I think it's all for the UI and Hong Kong.

1050
00:54:07,980 --> 00:54:13,860
I'm suspect that the France traffic is a thoughts and some of that stuff in the US might be,

1051
00:54:13,860 --> 00:54:17,180
we've had this, I've seen this before too, where it's like, Oh, is Canada's probably

1052
00:54:17,180 --> 00:54:18,180
not blocked, right?

1053
00:54:18,180 --> 00:54:19,180
From, from D Y DX.

1054
00:54:19,180 --> 00:54:20,180
I don't know if it is or not.

1055
00:54:20,180 --> 00:54:23,380
I'm not seeing much traffic from those.

1056
00:54:23,380 --> 00:54:28,380
So like Japan, Hong Kong, South Korea, Australia, Russia.

1057
00:54:28,380 --> 00:54:32,980
We have seen like, uh, even though the residents are in those countries that they hit, uh,

1058
00:54:32,980 --> 00:54:35,780
either clough or end points or edge end points that might sit in the US.

1059
00:54:35,780 --> 00:54:38,900
And so sometimes I get registered there, even though their IP is coming from another country.

1060
00:54:38,900 --> 00:54:43,140
So you might, you might get some of that type of stuff too, um, which shows up in the stats

1061
00:54:43,140 --> 00:54:46,740
from clough or coming from countries that are just nearby where the actual user is not

1062
00:54:46,740 --> 00:54:48,180
initially where they're in.

1063
00:54:48,180 --> 00:54:49,180
Yeah.

1064
00:54:49,180 --> 00:54:50,180
But that's good.

1065
00:54:50,180 --> 00:54:51,540
I'm glad, I'm glad it's growing.

1066
00:54:51,540 --> 00:54:53,020
Um, I mean.

1067
00:54:53,020 --> 00:54:58,780
I think, oh, I think everybody, everybody who's a validator involved in D Y DX, I think

1068
00:54:58,780 --> 00:55:02,260
at least on the Cosmos side wants feed forward to grow quickly, right?

1069
00:55:02,260 --> 00:55:05,740
And you want users to migrate and you want them to take advantage of the lower costs

1070
00:55:05,740 --> 00:55:11,980
and you want them to move cash over and bring more stability to this validator set, especially

1071
00:55:11,980 --> 00:55:14,140
around validator number 45.

1072
00:55:14,140 --> 00:55:16,140
Um, and, uh,

1073
00:55:16,140 --> 00:55:18,140
Um,

1074
00:55:18,140 --> 00:55:21,540
45 on the list, number one in your hearts.

1075
00:55:21,540 --> 00:55:22,540
Yeah.

1076
00:55:22,540 --> 00:55:26,420
God, it is like, it's tough out there, man.

1077
00:55:26,420 --> 00:55:29,660
It is the, the, yeah.

1078
00:55:29,660 --> 00:55:34,220
I mean, there are whales coming in and just starting their own validators as well.

1079
00:55:34,220 --> 00:55:35,220
Sure.

1080
00:55:35,220 --> 00:55:36,540
Um, I think we've talked about before, right?

1081
00:55:36,540 --> 00:55:38,300
I think you're going to get Ethereum validators showing up.

1082
00:55:38,300 --> 00:55:40,620
You're going to get massive whales and D Y DX holders.

1083
00:55:40,620 --> 00:55:43,100
You're going to get, it's so easy to join this.

1084
00:55:43,100 --> 00:55:44,100
It's not like Ethereum, right?

1085
00:55:44,100 --> 00:55:45,460
It's so easy to join this set.

1086
00:55:45,460 --> 00:55:49,860
And if you're holding, yeah, you have, you hold the half a million D Y DX.

1087
00:55:49,860 --> 00:55:50,860
Right.

1088
00:55:50,860 --> 00:55:51,860
Right.

1089
00:55:51,860 --> 00:55:55,060
So I said, like this validator set, I think is going to change significantly.

1090
00:55:55,060 --> 00:55:59,900
I have to wonder though, like if you're a whale, is it really worth the hassle and the

1091
00:55:59,900 --> 00:56:03,140
like sleepless nights to run your own shit?

1092
00:56:03,140 --> 00:56:06,500
Like, even if you're paying someone to do it, like, is it really worth it?

1093
00:56:06,500 --> 00:56:08,500
Just for 5% or something?

1094
00:56:08,500 --> 00:56:10,500
There's no tombstone.

1095
00:56:10,500 --> 00:56:11,500
Maybe.

1096
00:56:11,500 --> 00:56:12,500
Yes.

1097
00:56:12,500 --> 00:56:13,500
I don't think, yeah.

1098
00:56:13,500 --> 00:56:15,100
That's the other thing is like, that's what we, we talked before in some other chain,

1099
00:56:15,100 --> 00:56:16,100
right?

1100
00:56:16,100 --> 00:56:19,540
Where people didn't understand like the slashing piece, like, like, like pure just standing

1101
00:56:19,540 --> 00:56:22,420
up nodes and they didn't realize it could get slashed or get tombstone or anything else.

1102
00:56:22,420 --> 00:56:25,380
But the, but don't, didn't you just get rid of that?

1103
00:56:25,380 --> 00:56:28,060
So D Y DX is reasonably safe.

1104
00:56:28,060 --> 00:56:31,220
Who, because there is no slashing amount yet.

1105
00:56:31,220 --> 00:56:37,300
Um, it's slashing zero, but I, in test net, the double sign was turned off.

1106
00:56:37,300 --> 00:56:39,540
I'm not sure if it's turned off on main net.

1107
00:56:39,540 --> 00:56:40,540
Yeah.

1108
00:56:40,540 --> 00:56:41,980
I didn't even know you could turn it off.

1109
00:56:41,980 --> 00:56:42,980
It is turned off.

1110
00:56:42,980 --> 00:56:43,980
Yes, it is turned off.

1111
00:56:43,980 --> 00:56:44,980
Oh, so like, so.

1112
00:56:44,980 --> 00:56:46,980
I mean, you use Horcrux.

1113
00:56:46,980 --> 00:56:50,740
Yeah, what the fuck, you just fucking YOLO at it and gives a shit, right?

1114
00:56:50,740 --> 00:56:51,740
Curious.

1115
00:56:51,740 --> 00:56:52,740
Fuck.

1116
00:56:52,740 --> 00:56:53,740
Seriously.

1117
00:56:53,740 --> 00:56:54,740
Who gives a shit?

1118
00:56:54,740 --> 00:56:56,380
I mean, it's just not even double sign.

1119
00:56:56,380 --> 00:56:57,380
Can't even submit.

1120
00:56:57,380 --> 00:57:00,300
Put on a raspberry pie and fuck it.

1121
00:57:00,300 --> 00:57:02,900
Cares can miss all the blocks you want.

1122
00:57:02,900 --> 00:57:05,500
Mail your raspberry pie to Japan.

1123
00:57:05,500 --> 00:57:10,300
Some of these big, some of these big, like the, the blocks misses on D Y DX is pretty

1124
00:57:10,300 --> 00:57:15,540
brutal on a lot of these upper nodes, like 72% active and things like that.

1125
00:57:15,540 --> 00:57:17,900
There's some shit numbers in there.

1126
00:57:17,900 --> 00:57:18,900
Yeah.

1127
00:57:18,900 --> 00:57:22,100
It's the, the, the uptime has been a little bit weird.

1128
00:57:22,100 --> 00:57:27,620
Like, I think the network center of mass is getting dragged around when, yeah, like

1129
00:57:27,620 --> 00:57:30,220
big, big delegations come and drop in.

1130
00:57:30,220 --> 00:57:31,220
All right.

1131
00:57:31,220 --> 00:57:32,220
So.

1132
00:57:32,220 --> 00:57:35,620
Yeah, we've actually held pretty, we've held pretty decent uptime even though, I mean,

1133
00:57:35,620 --> 00:57:41,020
we're in Singapore, but it seems like the mass is being dragged towards.

1134
00:57:41,020 --> 00:57:43,540
Take a guess Finland and West Germany.

1135
00:57:43,540 --> 00:57:45,660
I wonder why that could be.

1136
00:57:45,660 --> 00:57:46,660
I don't know.

1137
00:57:46,660 --> 00:57:47,660
I don't know.

1138
00:57:47,660 --> 00:57:49,780
Maybe $100 a month, 7950s.

1139
00:57:49,780 --> 00:57:56,460
But yeah, but we've still held pretty decent signature, like pretty decent signing.

1140
00:57:56,460 --> 00:58:02,340
But but yeah, like some of these numbers are pretty, pretty poor on some of these groups.

1141
00:58:02,340 --> 00:58:03,340
Pretty pit.

1142
00:58:03,340 --> 00:58:08,300
Well, I think the best, the best uptime I was seeing is from crows nest, right?

1143
00:58:08,300 --> 00:58:09,780
And they just got bumped out.

1144
00:58:09,780 --> 00:58:10,780
Yeah.

1145
00:58:10,780 --> 00:58:15,660
Someone redelegated, redelegated off them and they actually had the best uptime.

1146
00:58:15,660 --> 00:58:20,460
Who did they say they, the someone redelegated to is someone dumb.

1147
00:58:20,460 --> 00:58:21,460
I can't remember.

1148
00:58:21,460 --> 00:58:22,460
Someone dumb.

1149
00:58:22,460 --> 00:58:26,420
I think he was that firefly guy, the dry flyer, flyer, whatever it's called.

1150
00:58:26,420 --> 00:58:30,460
That's a really who's already got like all the fucking steak anyway.

1151
00:58:30,460 --> 00:58:31,460
That's number one, right?

1152
00:58:31,460 --> 00:58:32,460
Yeah.

1153
00:58:32,460 --> 00:58:33,580
That's a, I mean, that's clearly a civil, right?

1154
00:58:33,580 --> 00:58:37,260
There's three or four that are very similar named with like three words and no.

1155
00:58:37,260 --> 00:58:39,300
I don't think so.

1156
00:58:39,300 --> 00:58:42,460
They probably know each other, but I don't think it's a civil.

1157
00:58:42,460 --> 00:58:47,420
They like I was talking to some guys about it yesterday and apparently they do know

1158
00:58:47,420 --> 00:58:50,020
who the number one is.

1159
00:58:50,020 --> 00:58:51,020
They know those operators.

1160
00:58:51,020 --> 00:58:52,020
Yeah, they know.

1161
00:58:52,020 --> 00:58:53,020
All right.

1162
00:58:53,020 --> 00:58:54,020
That's good.

1163
00:58:54,020 --> 00:58:55,020
Yeah.

1164
00:58:55,020 --> 00:58:56,020
That's good.

1165
00:58:56,020 --> 00:58:57,980
I mean, that's very hearsay and conjecture, but it is.

1166
00:58:57,980 --> 00:59:02,100
I mean, they're all kind of similar in nature and structure and I don't know.

1167
00:59:02,100 --> 00:59:04,300
It seems a little shady, but whatever.

1168
00:59:04,300 --> 00:59:05,300
Totally legit.

1169
00:59:05,300 --> 00:59:06,300
DPOS man.

1170
00:59:06,300 --> 00:59:13,780
I guess they don't want to be like identifiable as someone if I don't know, like they're shit

1171
00:59:13,780 --> 00:59:14,780
or something.

1172
00:59:14,780 --> 00:59:17,780
I don't know who does.

1173
00:59:17,780 --> 00:59:22,620
Like, you know, we have, that's how we use our brand or I would like, look at us.

1174
00:59:22,620 --> 00:59:23,620
This is us here.

1175
00:59:23,620 --> 00:59:25,500
It's is our brand.

1176
00:59:25,500 --> 00:59:26,940
We're not shit.

1177
00:59:26,940 --> 00:59:31,540
And then like, I guess if you're just running one network, like maybe it doesn't matter

1178
00:59:31,540 --> 00:59:32,540
the dislike.

1179
00:59:32,540 --> 00:59:33,540
Yeah, who gives a shit?

1180
00:59:33,540 --> 00:59:36,460
We've got shit loads of token, we're going to go to the top anyway.

1181
00:59:36,460 --> 00:59:37,460
So who cares?

1182
00:59:37,460 --> 00:59:38,460
Right.

1183
00:59:38,460 --> 00:59:40,140
And there's no, people delegate with this call.

1184
00:59:40,140 --> 00:59:42,420
And there's no, there's no penalty for shit performance.

1185
00:59:42,420 --> 00:59:43,420
So who cares?

1186
00:59:43,420 --> 00:59:45,140
Yeah, yeah, exactly.

1187
00:59:45,140 --> 00:59:48,820
It's like you build a system with loads of economic incentives to cover particular

1188
00:59:48,820 --> 00:59:52,340
education and you just take all of those away without replacing with anything.

1189
00:59:52,340 --> 00:59:56,660
And there are, you know, consequences side effects.

1190
00:59:56,660 --> 00:59:57,660
Yeah.

1191
00:59:57,660 --> 01:00:01,300
I was, this kind of, this is not on the news list, but we were talking, there's a friend

1192
01:00:01,300 --> 01:00:06,420
of the show and validator whisper node that we were talking about this, Rithik related

1193
01:00:06,420 --> 01:00:12,260
to Brendan put up a Twitter post, which I'll put in the show notes.

1194
01:00:12,260 --> 01:00:14,860
And I think she'll see you reply this on this as well.

1195
01:00:14,860 --> 01:00:20,620
And it was related to D Y DX and just Bretton and whisper nodes, kind of was it did not

1196
01:00:20,620 --> 01:00:23,900
give out large foundation deliations to validators and thus created a frenzy of competition

1197
01:00:23,900 --> 01:00:24,900
to remain in the set.

1198
01:00:24,900 --> 01:00:29,860
So I did personally funding operations by buying large amounts of D Y DX without rewards

1199
01:00:29,860 --> 01:00:32,100
at launch and little self pressure.

1200
01:00:32,100 --> 01:00:35,500
This seems to create high demand for D Y DX lead to an increase in price as teams scrambled

1201
01:00:35,500 --> 01:00:36,500
to buy more.

1202
01:00:36,500 --> 01:00:38,460
I think we said that we don't think this is validator focus.

1203
01:00:38,460 --> 01:00:43,940
I think this is just the larger marketing related to moving from V three to V four,

1204
01:00:43,940 --> 01:00:47,340
I think would create buy in, right?

1205
01:00:47,340 --> 01:00:50,580
And then value, value teams are getting kicked out of the set and frantically trying to find

1206
01:00:50,580 --> 01:00:51,580
ways to remain active.

1207
01:00:51,580 --> 01:00:54,860
I got several DMs from teams looking to form partnerships, AKA to delegate from their validators

1208
01:00:54,860 --> 01:00:55,860
to keep them active.

1209
01:00:55,860 --> 01:00:58,220
Everyone's, you know, have the cloud for the brand, which I agree with.

1210
01:00:58,220 --> 01:01:03,660
How do you think that would work?

1211
01:01:03,660 --> 01:01:05,740
I don't understand what they mean by partnership.

1212
01:01:05,740 --> 01:01:08,740
Also, you delegate to us and what?

1213
01:01:08,740 --> 01:01:09,900
Yeah, also, what the fuck?

1214
01:01:09,900 --> 01:01:14,020
Like from a legal perspective, from an accounting perspective, like there's a whole bunch of

1215
01:01:14,020 --> 01:01:15,020
unknowns there.

1216
01:01:15,020 --> 01:01:19,020
I mean, literally what you would do is, I mean, the only thing I understood that to

1217
01:01:19,020 --> 01:01:23,700
be would be, Hey, we have 20,000 D Y DX, we're gonna, we can't be in the set.

1218
01:01:23,700 --> 01:01:28,780
I'm going to delegate null to you, but I want that, I want that number and I want that commission

1219
01:01:28,780 --> 01:01:29,780
back.

1220
01:01:29,780 --> 01:01:31,140
That's basically what the email said.

1221
01:01:31,140 --> 01:01:32,140
That's what it would be.

1222
01:01:32,140 --> 01:01:33,140
Right.

1223
01:01:33,140 --> 01:01:34,140
Oh yeah.

1224
01:01:34,140 --> 01:01:35,700
Did you get the same thing?

1225
01:01:35,700 --> 01:01:36,700
She'll see.

1226
01:01:36,700 --> 01:01:37,700
Uh, yeah.

1227
01:01:37,700 --> 01:01:38,700
Let me go find it.

1228
01:01:38,700 --> 01:01:40,700
And I just said that that would give you your.

1229
01:01:40,700 --> 01:01:41,700
Yay.

1230
01:01:41,700 --> 01:01:42,700
In so many words.

1231
01:01:42,700 --> 01:01:43,700
Yeah.

1232
01:01:43,700 --> 01:01:44,700
It was by Futura Meridian.

1233
01:01:44,700 --> 01:01:50,100
Um, I had, I had those like an osmosis and early days and those types of things like,

1234
01:01:50,100 --> 01:01:51,580
Hey, you know, I have this.

1235
01:01:51,580 --> 01:01:55,100
This will help you, but I want, you know, and even it's 5% like who gives a shit.

1236
01:01:55,100 --> 01:01:56,820
Like it's fucking small numbers.

1237
01:01:56,820 --> 01:01:57,820
Like it's such a pain to ask.

1238
01:01:57,820 --> 01:01:59,780
And there's doing the math on that.

1239
01:01:59,780 --> 01:02:06,900
If I've failed my attempts to get in the, the set and the, and the fucking, and the

1240
01:02:06,900 --> 01:02:08,940
price is high, I'm selling them.

1241
01:02:08,940 --> 01:02:09,940
Yeah.

1242
01:02:09,940 --> 01:02:14,540
Allegedly to someone else like, you know, you shot, you shoot, you shot.

1243
01:02:14,540 --> 01:02:19,540
And if it doesn't work out, well, I mean, that's a serious, you have to seriously consider

1244
01:02:19,540 --> 01:02:22,820
whether you're going to still hang around with, with that investment.

1245
01:02:22,820 --> 01:02:30,660
Anyway, I mean, this, this idea, um, and this comment, I honestly just don't think.

1246
01:02:30,660 --> 01:02:34,180
They literally just fishing for delegations to try and stay in.

1247
01:02:34,180 --> 01:02:35,180
So yeah.

1248
01:02:35,180 --> 01:02:39,420
No, no, no, no, no, no, I mean, whoever these people are.

1249
01:02:39,420 --> 01:02:40,420
Oh yeah.

1250
01:02:40,420 --> 01:02:41,420
Yeah.

1251
01:02:41,420 --> 01:02:42,420
Yeah.

1252
01:02:42,420 --> 01:02:43,740
They're like, yeah, they're trying to find ways to whatever, right?

1253
01:02:43,740 --> 01:02:46,420
Like work together or find some way, but you're truly not.

1254
01:02:46,420 --> 01:02:47,740
And honestly, I think this idea.

1255
01:02:47,740 --> 01:02:49,780
It's not sustainable either.

1256
01:02:49,780 --> 01:02:55,180
Like, like it's like you take a, it's like a kind of, um, you know, when you're trying

1257
01:02:55,180 --> 01:03:00,740
to buy something on eBay and people bid it up over the price of the thing new because

1258
01:03:00,740 --> 01:03:04,540
they all get carried away and you're like, fuck, have you done?

1259
01:03:04,540 --> 01:03:06,020
That's so dumb.

1260
01:03:06,020 --> 01:03:08,980
I think it's kind of a little bit like that frenzy.

1261
01:03:08,980 --> 01:03:12,460
Like we had a little bit of that in chain winter where people competing to stay in the

1262
01:03:12,460 --> 01:03:14,740
set, like the floor is lava and all that.

1263
01:03:14,740 --> 01:03:17,700
But, uh, it, it, it seems to be a.

1264
01:03:17,700 --> 01:03:23,300
It seems to me to be a weird thing to do in the current market because we just don't know

1265
01:03:23,300 --> 01:03:30,620
what will have momentum coming out of, uh, coming out of whenever this bear begins to

1266
01:03:30,620 --> 01:03:31,620
wind down.

1267
01:03:31,620 --> 01:03:39,100
And also like, I think the narrative of a lot of this stuff is like, it's essentially

1268
01:03:39,100 --> 01:03:40,100
get rich quick.

1269
01:03:40,100 --> 01:03:42,300
Let's not like fucking sugarcoat it.

1270
01:03:42,300 --> 01:03:48,100
I don't think most people give two fucks about DeFi other than you juggle some coins around

1271
01:03:48,100 --> 01:03:51,900
a tin and you get more coins out, you can sell them.

1272
01:03:51,900 --> 01:03:53,540
Like that's the utility, right?

1273
01:03:53,540 --> 01:03:59,100
Most people don't give a fuck about derivatives and it's not real demand, right?

1274
01:03:59,100 --> 01:04:04,060
So there, I think there's like a big question there about, um, I wrote in the, in the show

1275
01:04:04,060 --> 01:04:11,220
notes, real trans versus fake trends because I was rewatching the Sam Altman, um, you know,

1276
01:04:11,220 --> 01:04:13,900
good startups, uh, YouTube video.

1277
01:04:13,900 --> 01:04:19,180
And I was like, I was like, yeah, I think the real trends versus fake trends thing is

1278
01:04:19,180 --> 01:04:25,540
so pertinent for, for this space where you're like, the example he gives in his talk is

1279
01:04:25,540 --> 01:04:29,980
iPhone, iPhone jumps on top of trends that were in flight, right?

1280
01:04:29,980 --> 01:04:34,020
And it, it then launches an ecosystem of things like apps and, you know, all these things

1281
01:04:34,020 --> 01:04:38,540
that you can do via compute in your pocket, whereas like AR and VR have been very, very

1282
01:04:38,540 --> 01:04:41,660
slow to take off because there's a lot of interest in the industry, but there's not

1283
01:04:41,660 --> 01:04:46,220
a lot of interest from consumers because what people are actually trying to do with them

1284
01:04:46,220 --> 01:04:50,220
is like totally different, like in terms of level of essentialness to their day to day

1285
01:04:50,220 --> 01:04:51,220
life.

1286
01:04:51,220 --> 01:04:55,580
And that's like a lot of these chains to be honest, right?

1287
01:04:55,580 --> 01:04:58,420
Um, especially the DeFi ones.

1288
01:04:58,420 --> 01:05:05,900
So I mean, I mean, to Brendan's point here, I also think that at fundamental, fundamentally

1289
01:05:05,900 --> 01:05:08,860
teams don't give a shit on who validates for them.

1290
01:05:08,860 --> 01:05:13,100
Um, I think there's not much loyalty associated with this stuff, which I think is fine.

1291
01:05:13,100 --> 01:05:15,380
Like I think it's there, probably to be able to do that.

1292
01:05:15,380 --> 01:05:20,500
This is a, a, it's a vendor client relationship, but even in that perspective, they're not

1293
01:05:20,500 --> 01:05:24,380
even vendors that you're courting and doing those types of things away from like other

1294
01:05:24,380 --> 01:05:27,380
types of services, like you're doing private RPC or doing XYZ.

1295
01:05:27,380 --> 01:05:28,700
Like that's a more personal relationship.

1296
01:05:28,700 --> 01:05:29,700
You're like doing something.

1297
01:05:29,700 --> 01:05:30,860
So you want to support that.

1298
01:05:30,860 --> 01:05:34,900
So I think if you're a general validator, which a lot of us are in some of those types

1299
01:05:34,900 --> 01:05:37,020
of situations, they don't care.

1300
01:05:37,020 --> 01:05:38,020
Like they don't care.

1301
01:05:38,020 --> 01:05:42,220
And there's not much loyalty to that because their loyalty, their loyalty goes to end users,

1302
01:05:42,220 --> 01:05:44,540
their loyalty goes to investors.

1303
01:05:44,540 --> 01:05:49,220
There's a long list of loyalty and, and that idea that you provided some sort of infrastructure

1304
01:05:49,220 --> 01:05:52,980
and, you know, helped out in some sort of testing type of thing is pretty low on that

1305
01:05:52,980 --> 01:05:53,980
list.

1306
01:05:53,980 --> 01:05:55,500
Um, and then you can look at the delegator side.

1307
01:05:55,500 --> 01:05:59,620
The delegator side is very similar where like there might, there's some good brand, clearly

1308
01:05:59,620 --> 01:06:06,260
there's good brand recognition and, and, and delegates that are loyalty to specific brands.

1309
01:06:06,260 --> 01:06:09,820
If they're on those chains, I think they'll probably use them or like mix them into a,

1310
01:06:09,820 --> 01:06:10,820
into that thing.

1311
01:06:10,820 --> 01:06:12,260
But like, I mean, look at the set here.

1312
01:06:12,260 --> 01:06:17,620
I mean, you have like massive, you know, large scale validators.

1313
01:06:17,620 --> 01:06:22,580
Um, that maybe those are community delegates or maybe those are just all internal tokens,

1314
01:06:22,580 --> 01:06:26,180
but you have the figments of the world and those types of things that regardless of where,

1315
01:06:26,180 --> 01:06:30,220
where they end up, they're going to have a significant amount of delegates associated

1316
01:06:30,220 --> 01:06:31,220
to that.

1317
01:06:31,220 --> 01:06:33,100
So like, I understand Brandon's point here.

1318
01:06:33,100 --> 01:06:36,380
I also think that like you're just shouting into the wind.

1319
01:06:36,380 --> 01:06:37,980
Like I don't know who's coming to this.

1320
01:06:37,980 --> 01:06:39,940
There's somebody coming to this rescue, right?

1321
01:06:39,940 --> 01:06:41,940
Like those teams don't care.

1322
01:06:41,940 --> 01:06:48,420
Well, but also I don't think I think that for the, for the whole party to actually work,

1323
01:06:48,420 --> 01:06:50,700
I think the validators need to be fungible.

1324
01:06:50,700 --> 01:06:56,140
Like they really shouldn't be any favorites because, you know, if you've got uptime, you

1325
01:06:56,140 --> 01:07:01,540
got, if you're all your metrics are the same as the next company, you should be exchangeable

1326
01:07:01,540 --> 01:07:02,540
with one another.

1327
01:07:02,540 --> 01:07:04,420
That's like the basis of decentralization.

1328
01:07:04,420 --> 01:07:09,500
And I think what sticks in the core about the bigger validators that are backed by VCs

1329
01:07:09,500 --> 01:07:14,820
or whatever is that they are the least fungible.

1330
01:07:14,820 --> 01:07:16,540
They are not fungible.

1331
01:07:16,540 --> 01:07:23,700
And it is one of those things like foundation unlocks, like fucker inflation, you know,

1332
01:07:23,700 --> 01:07:29,540
bonds, you know, mix and whatnot that kind of is a little bit emperor's new clothes about,

1333
01:07:29,540 --> 01:07:33,300
you know, like you can say whatever you want about how you revolutionizing, revolutionizing

1334
01:07:33,300 --> 01:07:35,740
finance and this and that for the people or whatever.

1335
01:07:35,740 --> 01:07:42,660
But it's just shit here populism, like the technical implementation speaks volumes as

1336
01:07:42,660 --> 01:07:48,820
does who is actually, you know, a top, a top validator on that chain.

1337
01:07:48,820 --> 01:07:51,580
And that shows you whether or not it's theater, I suppose.

1338
01:07:51,580 --> 01:07:55,700
And I should say as well, like Robert just jumped in the chat and was like, Frey is sick.

1339
01:07:55,700 --> 01:07:56,700
Frey is very sick.

1340
01:07:56,700 --> 01:08:01,700
And that's why this is like, I think I sound even more negative than you just because I

1341
01:08:01,700 --> 01:08:02,700
am so fucking croaky.

1342
01:08:02,700 --> 01:08:08,100
But you definitely don't stand as regal with this fucking nasal like stuff.

1343
01:08:08,100 --> 01:08:13,140
On the related note, I actually genuinely as I exhausted, I'm going to fall asleep in

1344
01:08:13,140 --> 01:08:14,140
my chair.

1345
01:08:14,140 --> 01:08:18,380
So I am going to peace out and catch your lads later.

1346
01:08:18,380 --> 01:08:22,260
But I literally cannot, cannot stay awake for another 10 minutes.

1347
01:08:22,260 --> 01:08:23,660
You can stay away for 10 minutes.

1348
01:08:23,660 --> 01:08:24,660
Maybe.

1349
01:08:24,660 --> 01:08:25,660
Yeah, Dr. Frey.

1350
01:08:25,660 --> 01:08:31,180
I don't think it does anything if you flip me off.

1351
01:08:31,180 --> 01:08:32,180
I'm trying.

1352
01:08:32,180 --> 01:08:33,180
It doesn't work.

1353
01:08:33,180 --> 01:08:34,180
I think I have to look at the camera, right?

1354
01:08:34,180 --> 01:08:35,180
Is that how it doesn't work?

1355
01:08:35,180 --> 01:08:36,180
It doesn't work.

1356
01:08:36,180 --> 01:08:39,060
It is a MacBook thing, too, by the way.

1357
01:08:39,060 --> 01:08:40,060
It's not.

1358
01:08:40,060 --> 01:08:41,060
It's a MacBook Mac thing.

1359
01:08:41,060 --> 01:08:42,060
It's a Mac thing.

1360
01:08:42,060 --> 01:08:43,060
Yeah.

1361
01:08:43,060 --> 01:08:44,060
Oh, it's a Mac thing.

1362
01:08:44,060 --> 01:08:45,060
Yeah.

1363
01:08:45,060 --> 01:08:46,060
I'm a genius.

1364
01:08:46,060 --> 01:08:51,620
I'm a fucking one because you'll never see me again.

1365
01:08:51,620 --> 01:08:52,620
He's gone.

1366
01:08:52,620 --> 01:08:53,620
Wow.

1367
01:08:53,620 --> 01:08:54,620
Perfect.

1368
01:08:54,620 --> 01:08:57,340
That was that was perfect.

1369
01:08:57,340 --> 01:08:58,660
Oh, man.

1370
01:08:58,660 --> 01:09:03,980
To the comments, Ryan, funky, you prick.

1371
01:09:03,980 --> 01:09:05,060
Why did you could you know?

1372
01:09:05,060 --> 01:09:06,580
Get slash null.

1373
01:09:06,580 --> 01:09:11,300
I lost point zero, probably zero to Kujira.

1374
01:09:11,300 --> 01:09:12,300
Damn it.

1375
01:09:12,300 --> 01:09:13,300
Yeah.

1376
01:09:13,300 --> 01:09:23,460
I'm not afraid to say I fucked up there because I calculated the amount of signatures we could

1377
01:09:23,460 --> 01:09:25,100
miss wrong.

1378
01:09:25,100 --> 01:09:33,340
So as a validator with a lot of workloads, sometimes you need to prioritize the things

1379
01:09:33,340 --> 01:09:35,180
in your workload.

1380
01:09:35,180 --> 01:09:44,060
And I had a customer who was having a lot of we were having a lot of problems with an

1381
01:09:44,060 --> 01:09:45,060
RPC service.

1382
01:09:45,060 --> 01:09:50,940
And with their customers using that service, we prioritized trying to work with them to

1383
01:09:50,940 --> 01:09:56,540
find the problems and fix that service, which was not us, by the way.

1384
01:09:56,540 --> 01:09:58,460
It's a protocol level thing.

1385
01:09:58,460 --> 01:10:05,540
But we were concentrating on that and I knew that we were having missed signatures for

1386
01:10:05,540 --> 01:10:08,980
the for the Oracle on Kujira.

1387
01:10:08,980 --> 01:10:14,980
But I also thought that we could miss something like 270,000 of them.

1388
01:10:14,980 --> 01:10:18,220
However, it was more like 20,000.

1389
01:10:18,220 --> 01:10:21,340
So my bad.

1390
01:10:21,340 --> 01:10:25,820
Now I know I've fixed my monitoring to calculate this the missed slash percentage.

1391
01:10:25,820 --> 01:10:30,420
Sorry, the missed fraction percentage accurately now.

1392
01:10:30,420 --> 01:10:32,540
So lesson learned.

1393
01:10:32,540 --> 01:10:36,820
And yeah, it's going to cost me probably $100 to reimburse everybody.

1394
01:10:36,820 --> 01:10:39,580
So that was what that was.

1395
01:10:39,580 --> 01:10:40,980
There you go.

1396
01:10:40,980 --> 01:10:44,260
Hey, that was Oracle signing.

1397
01:10:44,260 --> 01:10:45,260
Is that what that was?

1398
01:10:45,260 --> 01:10:46,940
Yeah, it was Oracle.

1399
01:10:46,940 --> 01:10:55,260
So the way my monitoring works is for Oracle's I pull the slash window and I thought that

1400
01:10:55,260 --> 01:11:01,420
the slash window was like the and it makes more sense now that I have been slashed and

1401
01:11:01,420 --> 01:11:02,980
are going back and thinking about it.

1402
01:11:02,980 --> 01:11:10,260
I didn't realize there was like another parameter of like, you have to make a signature every

1403
01:11:10,260 --> 01:11:11,980
so many blocks.

1404
01:11:11,980 --> 01:11:18,580
It's 14 for Kujira or you know, out of that 274 blocks, there are, you know, divide that

1405
01:11:18,580 --> 01:11:21,740
by 14 or 274,000 divide that by 14.

1406
01:11:21,740 --> 01:11:24,940
That's the amount of blocks signatures there are in that time.

1407
01:11:24,940 --> 01:11:31,620
So when I was looking at my missed signatures of like, you know, 15,000, I was like, well,

1408
01:11:31,620 --> 01:11:35,460
I've got a month before I'm actually going to get slashed.

1409
01:11:35,460 --> 01:11:41,100
But you know, it was actually 15,000 of like 19,500.

1410
01:11:41,100 --> 01:11:46,660
So then then we were working on this other problem for days.

1411
01:11:46,660 --> 01:11:49,420
And I was missing all my sleep for days.

1412
01:11:49,420 --> 01:11:51,100
And then yeah, got slashed.

1413
01:11:51,100 --> 01:11:56,980
And I was like, had to investigate it further than to figure out why and that's, that's why.

1414
01:11:56,980 --> 01:11:58,380
So there was a bunch.

1415
01:11:58,380 --> 01:12:02,540
I think I saw there was a bunch of, it's a pretty tight slashing window on that.

1416
01:12:02,540 --> 01:12:06,140
It seems like for the for the Pego or whatever that.

1417
01:12:06,140 --> 01:12:07,580
No, no, not injecting.

1418
01:12:07,580 --> 01:12:08,580
So this is Kujira.

1419
01:12:08,580 --> 01:12:09,580
What's talking about?

1420
01:12:09,580 --> 01:12:10,780
Oh, okay.

1421
01:12:10,780 --> 01:12:15,740
Injective is fucking expensive if you get slashed, do not get slashed.

1422
01:12:15,740 --> 01:12:16,740
Same thing though, right?

1423
01:12:16,740 --> 01:12:19,980
Like maybe I thought it was same windows, but, but that's all Oracle slashing, right?

1424
01:12:19,980 --> 01:12:22,180
That you guys are worried about with Pego or whatever.

1425
01:12:22,180 --> 01:12:25,380
Pego is actually an orchestrator for a bridge.

1426
01:12:25,380 --> 01:12:26,620
It's not an Oracle.

1427
01:12:26,620 --> 01:12:28,500
Oh, but yeah.

1428
01:12:28,500 --> 01:12:31,820
So Pego is really like finicky.

1429
01:12:31,820 --> 01:12:34,940
And if you don't have your monitoring dialed, you're fucked.

1430
01:12:34,940 --> 01:12:41,740
So it's a bridges to like L twos and L ones and other ecosystems that you're somehow

1431
01:12:41,740 --> 01:12:44,060
Ethereum from Ethereum, basically.

1432
01:12:44,060 --> 01:12:46,140
Oh, it's all it's all Ethereum.

1433
01:12:46,140 --> 01:12:47,140
Yeah.

1434
01:12:47,140 --> 01:12:54,940
So the, the, the, the Damon though, like the Pego Damon, it, it, like, it, it just stalls

1435
01:12:54,940 --> 01:12:56,100
a lot.

1436
01:12:56,100 --> 01:12:57,460
Hmm.

1437
01:12:57,460 --> 01:13:03,140
So if you like restart your node that it's attached to, like sometimes it'll stall.

1438
01:13:03,140 --> 01:13:04,140
Sometimes it won't.

1439
01:13:04,140 --> 01:13:09,460
If the network has a problem, it'll like stall out after some retries.

1440
01:13:09,460 --> 01:13:15,140
If there's like any number of things where there's like a disconnection between it and

1441
01:13:15,140 --> 01:13:16,140
other processes.

1442
01:13:16,140 --> 01:13:17,140
Yeah.

1443
01:13:17,140 --> 01:13:18,140
It'll, it'll.

1444
01:13:18,140 --> 01:13:19,140
It'll break.

1445
01:13:19,140 --> 01:13:20,140
Hmm.

1446
01:13:20,140 --> 01:13:22,980
And so then you start missing, um, Nounce rounds.

1447
01:13:22,980 --> 01:13:26,340
Like you, you're missing, um, announced, like what do they call it?

1448
01:13:26,340 --> 01:13:27,340
Um, sure.

1449
01:13:27,340 --> 01:13:29,900
See there's like Valset announced and Nonsense.

1450
01:13:29,900 --> 01:13:30,900
Yeah.

1451
01:13:30,900 --> 01:13:31,900
Nonsense.

1452
01:13:31,900 --> 01:13:32,900
Yeah.

1453
01:13:32,900 --> 01:13:36,540
So there's, yeah, there's not Nonsense, Nonsense that you have to, uh, so there's a network

1454
01:13:36,540 --> 01:13:39,060
one and then there's one, like your own validated one.

1455
01:13:39,060 --> 01:13:44,260
If you're not caught up, if there's a lag between them, like you're, you're marching towards

1456
01:13:44,260 --> 01:13:45,260
the slashing.

1457
01:13:45,260 --> 01:13:50,260
So the way our, we don't, all those announcers and stuff, like for the Valset and that we

1458
01:13:50,260 --> 01:13:54,260
don't monitor, we only monitor our Nounce and the network Nounce.

1459
01:13:54,260 --> 01:14:01,260
And if they have a lag more than five, um, we get a very alert, very, very persistent

1460
01:14:01,260 --> 01:14:02,260
alert.

1461
01:14:02,260 --> 01:14:03,260
You know, shit.

1462
01:14:03,260 --> 01:14:12,180
Well, it's on a different, um, so our, our Pego alert is actually on a different channel

1463
01:14:12,180 --> 01:14:15,580
in, um, PagerDuty than everything else.

1464
01:14:15,580 --> 01:14:16,580
And it is persistent.

1465
01:14:16,580 --> 01:14:21,100
It like, it'll, it'll send you the message in the app and then it'll text, it'll call

1466
01:14:21,100 --> 01:14:24,500
somebody, somebody comes to your house and shit.

1467
01:14:24,500 --> 01:14:25,500
Yeah.

1468
01:14:25,500 --> 01:14:34,700
Because, um, I mean that, that is our highest risk, uh, element of our entire operation at

1469
01:14:34,700 --> 01:14:37,100
the moment is a slashing from.

1470
01:14:37,100 --> 01:14:38,100
Injective.

1471
01:14:38,100 --> 01:14:44,780
And it's amazing that that's tied to a service that is, is unstable, but not of your doing.

1472
01:14:44,780 --> 01:14:45,780
Oh yeah.

1473
01:14:45,780 --> 01:14:50,380
We have it on, it's in restarts just so that if it does stop, then it'll just take itself

1474
01:14:50,380 --> 01:14:51,380
back on at some point.

1475
01:14:51,380 --> 01:14:52,380
Right.

1476
01:14:52,380 --> 01:14:53,900
Rather just restart every hour and fuck with it.

1477
01:14:53,900 --> 01:14:54,900
Oh yeah.

1478
01:14:54,900 --> 01:14:55,900
Oh yeah.

1479
01:14:55,900 --> 01:14:56,980
Like why, like why fuck with it, right?

1480
01:14:56,980 --> 01:14:57,980
Just restart every hour.

1481
01:14:57,980 --> 01:14:58,980
Who gives a shit?

1482
01:14:58,980 --> 01:15:02,500
Like you'd rather, rather do more poorly on, on those types of things and then deal with

1483
01:15:02,500 --> 01:15:04,260
a possible slash.

1484
01:15:04,260 --> 01:15:05,260
Literally exactly it.

1485
01:15:05,260 --> 01:15:06,260
Yes.

1486
01:15:06,260 --> 01:15:08,460
I mean that makes sense, right?

1487
01:15:08,460 --> 01:15:10,740
That kind of doesn't fix all of the problems though.

1488
01:15:10,740 --> 01:15:16,180
Like if you, if there's an actual problem with the RPC that it's attached to or something,

1489
01:15:16,180 --> 01:15:17,620
then it's not going to fix that.

1490
01:15:17,620 --> 01:15:20,820
But, but it does fix the stalling problem.

1491
01:15:20,820 --> 01:15:21,820
It doesn't replace monitoring.

1492
01:15:21,820 --> 01:15:22,820
Yeah.

1493
01:15:22,820 --> 01:15:27,180
We have monitoring as well, but if you restart your node, then you also have to restart Pego

1494
01:15:27,180 --> 01:15:28,180
with it, right?

1495
01:15:28,180 --> 01:15:30,260
And if you don't, then Pego starts missing.

1496
01:15:30,260 --> 01:15:34,780
So if the node happens to restart for whatever reason, like Cosmobis, like an upgrade, if

1497
01:15:34,780 --> 01:15:37,020
an upgrade happens, then Pego doesn't have to restart.

1498
01:15:37,020 --> 01:15:38,820
You have to do that manually, right?

1499
01:15:38,820 --> 01:15:42,260
And so if you just have a looping restart, then you just don't have to think about Pego

1500
01:15:42,260 --> 01:15:45,620
anymore so long as you have that node still operating.

1501
01:15:45,620 --> 01:15:48,940
Yeah, man, it makes sense.

1502
01:15:48,940 --> 01:15:50,940
The games we play baby.

1503
01:15:50,940 --> 01:15:55,740
So do you have that then on, do you use a system D timer for that or are you just got

1504
01:15:55,740 --> 01:15:57,900
the old, uh, cron tab?

1505
01:15:57,900 --> 01:15:59,380
Uh, I don't remember.

1506
01:15:59,380 --> 01:16:00,380
It's one of the two.

1507
01:16:00,380 --> 01:16:01,380
Yeah.

1508
01:16:01,380 --> 01:16:02,380
Probably cron.

1509
01:16:02,380 --> 01:16:03,380
If I had to guess.

1510
01:16:03,380 --> 01:16:06,140
That's pretty funny.

1511
01:16:06,140 --> 01:16:07,140
Ron baby.

1512
01:16:07,140 --> 01:16:08,380
I try not to use cron now.

1513
01:16:08,380 --> 01:16:12,900
I try to use like system D timers and, um, dirty, dirty scripts.

1514
01:16:12,900 --> 01:16:16,140
Uh, you know, I probably have 50 50.

1515
01:16:16,140 --> 01:16:18,780
Uh, oh, James, uh, just corrected me.

1516
01:16:18,780 --> 01:16:21,460
We are using system D for it for that runtime max.

1517
01:16:21,460 --> 01:16:22,460
Oh yeah.

1518
01:16:22,460 --> 01:16:23,460
Runtime max is a good example.

1519
01:16:23,460 --> 01:16:24,460
Yeah.

1520
01:16:24,460 --> 01:16:26,500
So runs two hours and it automatically kicks it off or whatever.

1521
01:16:26,500 --> 01:16:27,500
Yeah.

1522
01:16:27,500 --> 01:16:28,500
That's good.

1523
01:16:28,500 --> 01:16:29,500
So it's not a timer.

1524
01:16:29,500 --> 01:16:32,500
It's just runtime max in your system D management.

1525
01:16:32,500 --> 01:16:33,500
Yeah.

1526
01:16:33,500 --> 01:16:34,500
Yeah.

1527
01:16:34,500 --> 01:16:37,500
Uh, I can't keep up.

1528
01:16:37,500 --> 01:16:40,740
Uh, he's like, or, or cron, or cron job.

1529
01:16:40,740 --> 01:16:41,740
Okay.

1530
01:16:41,740 --> 01:16:42,740
Yeah.

1531
01:16:42,740 --> 01:16:43,740
It was interesting.

1532
01:16:43,740 --> 01:16:53,260
I just, I don't want to keep banging on about, um, dydx, but just some other, uh, interesting

1533
01:16:53,260 --> 01:16:58,260
and funny observations in dydx, uh, and other networks as well.

1534
01:16:58,260 --> 01:17:00,300
This is, this is not just the dydx.

1535
01:17:00,300 --> 01:17:07,380
Well, this particular observation, people who put little messages next to their validator

1536
01:17:07,380 --> 01:17:08,380
name, right?

1537
01:17:08,380 --> 01:17:10,980
Uh, so I saw one in here.

1538
01:17:10,980 --> 01:17:18,060
I don't think they're in the active set, but I saw one in here, um, that has their validator

1539
01:17:18,060 --> 01:17:27,140
name and then they've got, and then they've got, um, 100% slashing refund when there's

1540
01:17:27,140 --> 01:17:29,300
no, when there's no slashing.

1541
01:17:29,300 --> 01:17:34,940
And then they've got, um, auto compound when there's no warthee.

1542
01:17:34,940 --> 01:17:38,340
So that's, uh, you're forgetting one of them.

1543
01:17:38,340 --> 01:17:40,300
You're forgetting the 0% commission guy, even though.

1544
01:17:40,300 --> 01:17:41,300
Yeah.

1545
01:17:41,300 --> 01:17:42,300
Yeah.

1546
01:17:42,300 --> 01:17:43,300
Yeah.

1547
01:17:43,300 --> 01:17:46,740
The 0% commission with a minimum 5.5% commission.

1548
01:17:46,740 --> 01:17:48,740
It's a fucking sewer.

1549
01:17:48,740 --> 01:17:55,180
Like that is shit that, that is shit that the team should fucking stand up on.

1550
01:17:55,180 --> 01:17:58,780
Like, yeah, but I mean, how, how, what are you going to do?

1551
01:17:58,780 --> 01:18:03,340
And it's like, like there's, those should be like those delegations should come out

1552
01:18:03,340 --> 01:18:07,140
that, that anyway, there's, there's lots of ways to be able to do that.

1553
01:18:07,140 --> 01:18:08,140
Right.

1554
01:18:08,140 --> 01:18:09,140
Like there's even reaching out.

1555
01:18:09,140 --> 01:18:11,380
There's, there's personal communication related to that.

1556
01:18:11,380 --> 01:18:13,220
Like it's, it's dishonest.

1557
01:18:13,220 --> 01:18:16,300
So either you're going to support, like this is a small validator set.

1558
01:18:16,300 --> 01:18:17,460
There's only 60 individuals.

1559
01:18:17,460 --> 01:18:22,020
So either you're going to protect your delegates or you're going to sit in your hand and say,

1560
01:18:22,020 --> 01:18:23,020
this is permissionless.

1561
01:18:23,020 --> 01:18:24,020
Yeah.

1562
01:18:24,020 --> 01:18:27,900
It's permissionless, but you have fucking power to like fix this problem.

1563
01:18:27,900 --> 01:18:31,180
And that is being, like you have 60 names in that set.

1564
01:18:31,180 --> 01:18:32,180
It's being decevious.

1565
01:18:32,180 --> 01:18:35,620
If you're going to sit in your hands and do nothing, then like, what the hell is that?

1566
01:18:35,620 --> 01:18:39,380
You're not even protecting your, you're not protecting people who hold the token.

1567
01:18:39,380 --> 01:18:41,220
And I think that's a bunch of bullshit.

1568
01:18:41,220 --> 01:18:42,220
Yeah.

1569
01:18:42,220 --> 01:18:43,220
Right.

1570
01:18:43,220 --> 01:18:46,740
Like I know that's permissionless, but like you, they do have, there's clearly powers

1571
01:18:46,740 --> 01:18:48,740
that they have and to be able to do this on with that.

1572
01:18:48,740 --> 01:18:53,180
Really what you're saying is we need strive, strive to come in and save us.

1573
01:18:53,180 --> 01:18:54,180
That's what you're saying.

1574
01:18:54,180 --> 01:18:55,180
Yeah.

1575
01:18:55,180 --> 01:19:00,380
We need as a third party policing to reduce the 60 down to maybe how, what do we say,

1576
01:19:00,380 --> 01:19:01,900
32 validator sound good to you guys?

1577
01:19:01,900 --> 01:19:03,540
That sounds like a lot to me.

1578
01:19:03,540 --> 01:19:04,540
Maybe 16 validators.

1579
01:19:04,540 --> 01:19:07,620
Let's get down to 16 validators.

1580
01:19:07,620 --> 01:19:11,340
And let's make sure that, that the same eight are in there at least.

1581
01:19:11,340 --> 01:19:12,340
Wow.

1582
01:19:12,340 --> 01:19:15,900
Top eight across the, the whole week.

1583
01:19:15,900 --> 01:19:16,900
Yeah.

1584
01:19:16,900 --> 01:19:21,940
Another thing that was surprising to me is stake Cito is not in the active set.

1585
01:19:21,940 --> 01:19:22,940
They were.

1586
01:19:22,940 --> 01:19:23,940
I thought they were pretty high up there.

1587
01:19:23,940 --> 01:19:24,940
He just was.

1588
01:19:24,940 --> 01:19:27,260
No, he's like, what?

1589
01:19:27,260 --> 01:19:28,260
He was.

1590
01:19:28,260 --> 01:19:29,260
He was like pretty high actually.

1591
01:19:29,260 --> 01:19:30,740
Well, maybe he's got two.

1592
01:19:30,740 --> 01:19:31,740
Does he have two?

1593
01:19:31,740 --> 01:19:33,740
I would hope not.

1594
01:19:33,740 --> 01:19:35,700
Oh, you're just looking at who got kicked out.

1595
01:19:35,700 --> 01:19:37,700
Are you looking at the, at the boot list?

1596
01:19:37,700 --> 01:19:39,260
I was just looking at the inactive list.

1597
01:19:39,260 --> 01:19:40,260
Yeah.

1598
01:19:40,260 --> 01:19:41,260
He's not in them.

1599
01:19:41,260 --> 01:19:42,260
He's not in the active list.

1600
01:19:42,260 --> 01:19:43,260
That's weird.

1601
01:19:43,260 --> 01:19:44,260
That's weird.

1602
01:19:44,260 --> 01:19:45,260
Right.

1603
01:19:45,260 --> 01:19:46,260
I thought they worked.

1604
01:19:46,260 --> 01:19:47,260
They get, maybe they get jailed and something.

1605
01:19:47,260 --> 01:19:48,260
No, I didn't get jailed.

1606
01:19:48,260 --> 01:19:50,060
Oh, hey, we're down one.

1607
01:19:50,060 --> 01:19:51,060
We're down 46.

1608
01:19:51,060 --> 01:19:54,140
So if you look at, if you're going to stake a D Y DX validators, don't use 45.

1609
01:19:54,140 --> 01:19:57,540
That's Lugan nodes, which very low respect for.

1610
01:19:57,540 --> 01:19:59,700
So try to go to one more.

1611
01:19:59,700 --> 01:20:00,700
You're right.

1612
01:20:00,700 --> 01:20:02,060
I said one more down the list.

1613
01:20:02,060 --> 01:20:03,060
Go one more down the list.

1614
01:20:03,060 --> 01:20:04,060
Yeah, I swear.

1615
01:20:04,060 --> 01:20:05,060
Oh, a 41's in this list now too.

1616
01:20:05,060 --> 01:20:06,700
They're going to move up fast.

1617
01:20:06,700 --> 01:20:07,700
Yeah.

1618
01:20:07,700 --> 01:20:08,700
So look at 55.

1619
01:20:08,700 --> 01:20:11,980
55 also needs a little bit of help.

1620
01:20:11,980 --> 01:20:14,860
We could use a little bit of love and attention.

1621
01:20:14,860 --> 01:20:17,620
Oh, you guys are side by side 55 and six?

1622
01:20:17,620 --> 01:20:18,620
No, or 46.

1623
01:20:18,620 --> 01:20:19,620
Yeah.

1624
01:20:19,620 --> 01:20:20,620
We're 46.

1625
01:20:20,620 --> 01:20:23,620
Give, give Schultz the, the delegate first.

1626
01:20:23,620 --> 01:20:25,980
He needs to keep it away from us a little bit.

1627
01:20:25,980 --> 01:20:26,980
Yeah.

1628
01:20:26,980 --> 01:20:27,980
So let's see.

1629
01:20:27,980 --> 01:20:32,620
Oh, we have a Nakamoto of two and what four validators own the governance structure and

1630
01:20:32,620 --> 01:20:36,540
the whole chain of which are unidentified and two of which don't vote.

1631
01:20:36,540 --> 01:20:37,540
So that's interesting.

1632
01:20:37,540 --> 01:20:38,540
That's great.

1633
01:20:38,540 --> 01:20:39,540
Very cool.

1634
01:20:39,540 --> 01:20:40,540
Very cool.

1635
01:20:40,540 --> 01:20:41,540
It should be great.

1636
01:20:41,540 --> 01:20:43,540
Imagine if they just turned on the.

1637
01:20:43,540 --> 01:20:46,740
Turn on where the fuck they want.

1638
01:20:46,740 --> 01:20:47,740
Yeah.

1639
01:20:47,740 --> 01:20:51,420
Where's our, where's our, where's our Tara.de boys?

1640
01:20:51,420 --> 01:20:53,420
Where aren't they spamming this shit?

1641
01:20:53,420 --> 01:20:56,380
They not figure out that the D Y DX is a cosmos chain yet.

1642
01:20:56,380 --> 01:20:57,380
Who's Tara.de?

1643
01:20:57,380 --> 01:21:01,700
The fucking, the fucking spammers that keep putting up bullshit proposals on every guy

1644
01:21:01,700 --> 01:21:02,700
in the cosmos.

1645
01:21:02,700 --> 01:21:04,980
The hardest working team in all the cosmos.

1646
01:21:04,980 --> 01:21:05,980
What's that?

1647
01:21:05,980 --> 01:21:11,140
I didn't, I didn't, I'm a Tara.de.

1648
01:21:11,140 --> 01:21:12,140
I've never looked at it.

1649
01:21:12,140 --> 01:21:13,860
Tara V2, Tara this, Tara that.

1650
01:21:13,860 --> 01:21:15,020
Like it's obviously something, right?

1651
01:21:15,020 --> 01:21:17,740
The airdrop spam problem with the diamond.

1652
01:21:17,740 --> 01:21:20,340
If I see the diamond, I just know a fetus so hard.

1653
01:21:20,340 --> 01:21:21,860
I don't even look at what's going on.

1654
01:21:21,860 --> 01:21:24,580
If you have an emoji in your props, I'd be a diamond.

1655
01:21:24,580 --> 01:21:25,580
I don't care what it is.

1656
01:21:25,580 --> 01:21:26,940
Stay away from the diamond everybody.

1657
01:21:26,940 --> 01:21:32,860
I'll tell you why they're not spamming it because the minimum deposit is 10,000 D Y DX.

1658
01:21:32,860 --> 01:21:33,940
Oh, is it?

1659
01:21:33,940 --> 01:21:36,140
If you want to lose 40 grand real quick.

1660
01:21:36,140 --> 01:21:37,140
No shit.

1661
01:21:37,140 --> 01:21:38,140
Is it, is it 10,000?

1662
01:21:38,140 --> 01:21:39,140
Yeah.

1663
01:21:39,140 --> 01:21:40,140
That doesn't fucking around.

1664
01:21:40,140 --> 01:21:41,140
That doesn't seem very.

1665
01:21:41,140 --> 01:21:44,300
They're like, if you're not rich, you can fuck off.

1666
01:21:44,300 --> 01:21:45,660
That doesn't seem very permissionless to me.

1667
01:21:45,660 --> 01:21:47,180
It's a bit high, isn't it?

1668
01:21:47,180 --> 01:21:48,180
For a cosmos?

1669
01:21:48,180 --> 01:21:53,060
You don't have a lazy 40 grand usurper, you can't make a good decision.

1670
01:21:53,060 --> 01:21:54,060
Clearly.

1671
01:21:54,060 --> 01:22:00,340
I love when everybody argues about what like, I think what was Stargaze or something that

1672
01:22:00,340 --> 01:22:03,780
bumped it up and it was, it went from like $150 to 500.

1673
01:22:03,780 --> 01:22:06,260
Everybody freaked out that was totally non-commit.

1674
01:22:06,260 --> 01:22:07,260
Like it wasn't.

1675
01:22:07,260 --> 01:22:08,260
Yeah.

1676
01:22:08,260 --> 01:22:12,300
It was like, it was not, it was, everybody hates the community and like, you know, bad

1677
01:22:12,300 --> 01:22:13,860
governance and all this kind of shit.

1678
01:22:13,860 --> 01:22:15,860
40,000 is pretty up there.

1679
01:22:15,860 --> 01:22:16,860
It is.

1680
01:22:16,860 --> 01:22:18,460
Yeah, it's a long way up there.

1681
01:22:18,460 --> 01:22:21,580
And Figment's running at 10% flash cat at 6%.

1682
01:22:21,580 --> 01:22:23,300
Look at this shit.

1683
01:22:23,300 --> 01:22:25,220
Figment not messing around, man.

1684
01:22:25,220 --> 01:22:26,220
Yeah.

1685
01:22:26,220 --> 01:22:27,220
Figment's like.

1686
01:22:27,220 --> 01:22:28,220
Fuck yinz.

1687
01:22:28,220 --> 01:22:32,180
Did you see they say validators?

1688
01:22:32,180 --> 01:22:35,260
Their commission is 33%.

1689
01:22:35,260 --> 01:22:36,260
What?

1690
01:22:36,260 --> 01:22:37,260
Amazing.

1691
01:22:37,260 --> 01:22:38,260
And they're ranked.

1692
01:22:38,260 --> 01:22:39,700
Google three or something.

1693
01:22:39,700 --> 01:22:42,340
That's amazing.

1694
01:22:42,340 --> 01:22:45,500
But they, they must be investors in these chains, right?

1695
01:22:45,500 --> 01:22:52,620
So I asked the team, I said, what, what about this 33% and they, I think they are their

1696
01:22:52,620 --> 01:22:53,620
own tokens.

1697
01:22:53,620 --> 01:22:56,380
I don't think the team can do anything.

1698
01:22:56,380 --> 01:22:59,820
They have 500,000 tokens in their commission pool right now.

1699
01:22:59,820 --> 01:23:00,820
Wow.

1700
01:23:00,820 --> 01:23:01,820
Yeah.

1701
01:23:01,820 --> 01:23:02,820
They don't, they don't pull very often.

1702
01:23:02,820 --> 01:23:03,820
I saw that too.

1703
01:23:03,820 --> 01:23:04,820
Are you talking about say or where?

1704
01:23:04,820 --> 01:23:05,820
Yeah.

1705
01:23:05,820 --> 01:23:06,820
Yeah.

1706
01:23:06,820 --> 01:23:07,820
Yeah.

1707
01:23:07,820 --> 01:23:08,820
Yeah.

1708
01:23:08,820 --> 01:23:09,820
Yeah.

1709
01:23:09,820 --> 01:23:10,820
They, they vary really.

1710
01:23:10,820 --> 01:23:14,220
I have seen that too where like they'll have large amounts coming in and then like

1711
01:23:14,220 --> 01:23:16,740
they'll sit on it and not really do anything.

1712
01:23:16,740 --> 01:23:19,020
So which is always interesting to me.

1713
01:23:19,020 --> 01:23:22,460
So I don't think they have like a foundation delegation.

1714
01:23:22,460 --> 01:23:24,420
I think it's all their own customers.

1715
01:23:24,420 --> 01:23:25,420
Unsafe.

1716
01:23:25,420 --> 01:23:26,420
Yeah.

1717
01:23:26,420 --> 01:23:31,260
But I mean, if it's their own customers, like their own VCs, you know, big institutionals,

1718
01:23:31,260 --> 01:23:33,820
they are fleecing the fuck out of them.

1719
01:23:33,820 --> 01:23:35,100
I assume that's what this is, right?

1720
01:23:35,100 --> 01:23:37,780
Like this is like, I know they had like large scale investment coming in.

1721
01:23:37,780 --> 01:23:42,900
So this must be using VC investment, which I don't know why you would have to be a figment

1722
01:23:42,900 --> 01:23:44,700
shareholder to be able to do that.

1723
01:23:44,700 --> 01:23:47,660
Cause you could just take those and stake them yourself, I guess.

1724
01:23:47,660 --> 01:23:50,580
But I guess, you know, those extra fleecing rewards, right?

1725
01:23:50,580 --> 01:23:53,940
Like you can't just lose 33% to anyone.

1726
01:23:53,940 --> 01:23:56,220
You have to choose who you lose 33% to.

1727
01:23:56,220 --> 01:23:57,220
That's right.

1728
01:23:57,220 --> 01:23:58,220
That is, that's right.

1729
01:23:58,220 --> 01:23:59,220
I ain't right.

1730
01:23:59,220 --> 01:24:00,220
You can't just pick a 5% validator.

1731
01:24:00,220 --> 01:24:05,260
You have to purposefully lose 33% and then stake yourself with a 10% validator.

1732
01:24:05,260 --> 01:24:07,260
Yeah, exactly.

1733
01:24:07,260 --> 01:24:10,780
And then not pull rewards and just let them sit there.

1734
01:24:10,780 --> 01:24:13,060
They're learning nothing.

1735
01:24:13,060 --> 01:24:15,060
Let them sit there.

1736
01:24:15,060 --> 01:24:16,060
Oh, God.

1737
01:24:16,060 --> 01:24:17,940
We're in the wrong fucking business.

1738
01:24:17,940 --> 01:24:24,980
I'm wondering if during the daylight savings, we should change our showtime.

1739
01:24:24,980 --> 01:24:29,700
We seem to get more, at least two or three more viewers come in later, like an hour later.

1740
01:24:29,700 --> 01:24:31,340
What are you talking about?

1741
01:24:31,340 --> 01:24:32,340
We're doing pretty well.

1742
01:24:32,340 --> 01:24:33,340
10?

1743
01:24:33,340 --> 01:24:34,340
Yeah, it's like, that's what I'm saying.

1744
01:24:34,340 --> 01:24:36,020
We've got big numbers now that we're like near the end.

1745
01:24:36,020 --> 01:24:37,020
This is earlier for Shultz.

1746
01:24:37,020 --> 01:24:38,020
You know.

1747
01:24:38,020 --> 01:24:42,220
So, just want to click through these comments.

1748
01:24:42,220 --> 01:24:44,700
No, there's nothing worth talking about.

1749
01:24:44,700 --> 01:24:45,700
Oh, sorry.

1750
01:24:45,700 --> 01:24:46,700
Combiners.

1751
01:24:46,700 --> 01:24:47,700
Fucking hammer dropped.

1752
01:24:47,700 --> 01:24:52,300
Is there anything else in the news you want to talk about before we run out of time?

1753
01:24:52,300 --> 01:24:53,300
No.

1754
01:24:53,300 --> 01:24:58,140
I mean, thank you to those concerned in the comments.

1755
01:24:58,140 --> 01:25:02,060
Rama, I feel much better this week.

1756
01:25:02,060 --> 01:25:07,180
I was like, yeah, a bit of a fucking turd last week, but feel great this week.

1757
01:25:07,180 --> 01:25:13,140
We should have talked about the Cosmos Hub reducing inflation because that has been an

1758
01:25:13,140 --> 01:25:14,620
absolute shit storm.

1759
01:25:14,620 --> 01:25:39,380
SG1 has gone a lot of flak because they vote.