1
00:00:00,000 --> 00:00:00,800
Panging.

2
00:00:00,960 --> 00:00:02,460
Panging.

3
00:00:02,780 --> 00:00:04,540
Peg got pegged.

4
00:00:04,600 --> 00:00:12,300
You know, I even saw the stream light come in all the way over to the right hand side of my monitor while I was helping shield two with this other thing.

5
00:00:16,900 --> 00:00:22,840
Welcome to Game of Modes, a weekly podcast from independent valubator teams.

6
00:00:22,840 --> 00:00:28,500
Hello, welcome to Game of Modes, a weekly podcast from independent valubator teams.

7
00:00:29,380 --> 00:00:32,380
We're down to three because of a pegging and...

8
00:00:32,380 --> 00:00:33,380
Pegging?

9
00:00:33,380 --> 00:00:34,380
...is a pego.

10
00:00:34,380 --> 00:00:38,880
It's not possible to say the correct thing, is it, in that case?

11
00:00:40,880 --> 00:00:43,880
And there's been quite a bit of news this week, hasn't there?

12
00:00:43,880 --> 00:00:49,380
I mean, I've just jumped straight into the news because there's some relatively exciting things in there.

13
00:00:49,380 --> 00:00:53,380
But how are you guys doing? How are you doing?

14
00:00:53,380 --> 00:00:54,380
You doing alright?

15
00:00:54,380 --> 00:00:55,380
I'm watching, no.

16
00:00:55,380 --> 00:00:58,380
I'm doing something over here, but...

17
00:00:58,380 --> 00:01:01,380
I'm doing something over here, I'm not in this fucking board, guys.

18
00:01:01,380 --> 00:01:03,380
Why are you talking to me?

19
00:01:03,380 --> 00:01:05,380
Alright, Serp, how are you doing?

20
00:01:05,380 --> 00:01:07,380
I'm tired, but...

21
00:01:07,380 --> 00:01:08,380
Not too bad.

22
00:01:08,380 --> 00:01:10,380
Why are you tired, Uncle Daddy?

23
00:01:10,380 --> 00:01:13,380
You just fell asleep in your chair previously.

24
00:01:13,380 --> 00:01:16,380
I did fall asleep for 20 minutes on the chair today.

25
00:01:16,380 --> 00:01:19,380
Like, was that an exhaustion thing or just an old man thing?

26
00:01:19,380 --> 00:01:21,380
I don't know. It's just an old man thing.

27
00:01:21,380 --> 00:01:23,380
Late afternoon, coffee winds down.

28
00:01:23,380 --> 00:01:24,380
Well, you don't know.

29
00:01:24,380 --> 00:01:26,380
Coffee winds down.

30
00:01:26,380 --> 00:01:29,380
I got something, I got watching something finish, and the next thing you know,

31
00:01:29,380 --> 00:01:31,380
10 minutes later, you wake up.

32
00:01:31,380 --> 00:01:36,380
I tend to fall asleep when I get in my bed,

33
00:01:36,380 --> 00:01:38,380
not in front of my monitor.

34
00:01:38,380 --> 00:01:41,380
To be a type of fucking handsome below something.

35
00:01:41,380 --> 00:01:42,380
Absolutely.

36
00:01:42,380 --> 00:01:47,380
You never have been so much a narcolepsy thing.

37
00:01:47,380 --> 00:01:48,380
I think I had my feet up.

38
00:01:48,380 --> 00:01:49,380
I was watching something.

39
00:01:49,380 --> 00:01:51,380
I was waiting for something else to complete.

40
00:01:51,380 --> 00:01:53,380
And the next thing you know, whatever.

41
00:01:53,380 --> 00:01:55,380
You must have been in a couple minutes.

42
00:01:55,380 --> 00:01:57,380
You must have at some point now, like that is like a classic.

43
00:01:57,380 --> 00:01:58,380
Yeah, you have to.

44
00:01:58,380 --> 00:01:59,380
Right?

45
00:01:59,380 --> 00:02:03,380
Even late night, you don't just knock what couple minutes out in that thing?

46
00:02:03,380 --> 00:02:06,380
No, I don't sleep at night, man.

47
00:02:06,380 --> 00:02:08,380
I hear you bed at a regular house bedroom.

48
00:02:08,380 --> 00:02:10,380
Suns the lump and shit.

49
00:02:10,380 --> 00:02:13,380
Yeah, fucking is here.

50
00:02:13,380 --> 00:02:17,380
I've literally gone to bed with the sun fucking high in the sky.

51
00:02:17,380 --> 00:02:18,380
Blazing.

52
00:02:18,380 --> 00:02:20,380
Because it's not dark until nine o'clock.

53
00:02:20,380 --> 00:02:22,380
Like what the fuck?

54
00:02:22,380 --> 00:02:23,380
That's nice.

55
00:02:23,380 --> 00:02:30,380
Here, with British summertime, it gets dark just before 11 at night.

56
00:02:30,380 --> 00:02:31,380
Really?

57
00:02:31,380 --> 00:02:32,380
Really?

58
00:02:32,380 --> 00:02:33,380
Yeah.

59
00:02:33,380 --> 00:02:37,380
I mean, the sun goes down obviously way earlier than that, but it stays light.

60
00:02:37,380 --> 00:02:44,380
Like if you on the on the solstice, even down in the south of England, like, you know,

61
00:02:44,380 --> 00:02:49,380
Glastonbury Festival always happens on the solstice and they they in the in the stone circle,

62
00:02:49,380 --> 00:02:54,380
they burn a Phoenix every year at the like a wooden Phoenix at the opening of the festival

63
00:02:54,380 --> 00:02:58,380
because obviously it's a it's kind of important pagan site, I suppose.

64
00:02:58,380 --> 00:03:01,380
And it's also just like a meme as well.

65
00:03:01,380 --> 00:03:08,380
But they have to wait till like fucking midnight because otherwise they'd just be burning twigs in daylight and you would be at the shit.

66
00:03:08,380 --> 00:03:10,380
No, but it's like, oh, that's not very impressive.

67
00:03:10,380 --> 00:03:11,380
Yeah.

68
00:03:11,380 --> 00:03:14,380
Well, the first time I went, I was like, this was like 15 years ago or something.

69
00:03:14,380 --> 00:03:19,380
Like we got really fucked up because we were like, oh yeah, let's go see them do the fucking thing.

70
00:03:19,380 --> 00:03:22,380
And like we just didn't have we just didn't occur to us.

71
00:03:22,380 --> 00:03:23,380
Right.

72
00:03:23,380 --> 00:03:24,380
How late it would obviously be.

73
00:03:24,380 --> 00:03:26,380
You show up at four start drinking.

74
00:03:26,380 --> 00:03:34,380
Yeah, because you go you also go to the festival like way earlier because it's 135,000 tickets plus like 100,000 support stuff or something like that.

75
00:03:34,380 --> 00:03:38,380
So it's a huge site and they try and stagger like people arriving.

76
00:03:38,380 --> 00:03:39,380
So you can arrive from like Tuesday.

77
00:03:39,380 --> 00:03:42,380
So you there's no music until Thursday, I think.

78
00:03:42,380 --> 00:03:45,380
So you basically been getting fucked up in a field for two days.

79
00:03:45,380 --> 00:03:49,380
And this is one of the first things that's actually like an organized activity or some fucking shit that you can do.

80
00:03:49,380 --> 00:03:55,380
And you're like, let's get this good booktube because the thing is probably like a sunset at the latest, right?

81
00:03:55,380 --> 00:03:59,380
It's gonna be like say like you've been drinking and like getting fucked up for like hours.

82
00:03:59,380 --> 00:04:04,380
And then you like wander up to the field like 8pm and it's like, no, it's actually broad daylight, isn't it?

83
00:04:04,380 --> 00:04:05,380
And it's the solstice today.

84
00:04:05,380 --> 00:04:06,380
And we're leaving.

85
00:04:06,380 --> 00:04:09,380
We've we've we've we fucked up lads.

86
00:04:09,380 --> 00:04:11,380
How much what have we got with us?

87
00:04:11,380 --> 00:04:15,380
Like can we keep going for hours before we fall asleep in this warm field?

88
00:04:15,380 --> 00:04:22,380
Yeah, at least one person in our group just fully fell asleep and slept through the entire thing.

89
00:04:22,380 --> 00:04:25,380
Even there's like a drumming circle and stuff around them.

90
00:04:25,380 --> 00:04:26,380
They're just like face down.

91
00:04:26,380 --> 00:04:29,380
But I wonder if that weird isn't the wrong spot.

92
00:04:29,380 --> 00:04:30,380
Yeah.

93
00:04:30,380 --> 00:04:31,380
The awkward.

94
00:04:31,380 --> 00:04:38,380
I felt a general sense of unease, which is a medical condition about being in the wrong place.

95
00:04:38,380 --> 00:04:45,380
So I don't think it is medical condition, but I think it is something I've got a bunch of friends or doctors.

96
00:04:45,380 --> 00:04:51,380
And I think it is a thing you can write as a diagnosis when a patient comes in and you're just like,

97
00:04:51,380 --> 00:04:58,380
I need to record that there is a concern here, but they definitely don't have anything I could diagnose.

98
00:04:58,380 --> 00:05:04,380
But just in case something crops up later, they report a general sense of unease.

99
00:05:04,380 --> 00:05:07,380
About and plus I'm in the center, which is really weird.

100
00:05:07,380 --> 00:05:08,380
No, she'll see.

101
00:05:08,380 --> 00:05:12,380
Yeah, she'll see you're writing proper solo down there.

102
00:05:12,380 --> 00:05:19,380
Yeah, feel naked and alone, especially since no one would pay attention and just go documentation.

103
00:05:19,380 --> 00:05:23,380
So you figure out what server you have in your arsenal that actually runs this software.

104
00:05:23,380 --> 00:05:25,380
Yeah, I found it.

105
00:05:25,380 --> 00:05:26,380
Yeah.

106
00:05:26,380 --> 00:05:29,380
But then I just keep getting fucking distracted.

107
00:05:29,380 --> 00:05:33,380
Like I was, I can't even find the way.

108
00:05:33,380 --> 00:05:35,380
Fuck is that now?

109
00:05:35,380 --> 00:05:37,380
So there we go.

110
00:05:37,380 --> 00:05:42,380
So small about M&Ms is now like, we know M&Ms.

111
00:05:42,380 --> 00:05:44,380
I wanted to sort all the brown.

112
00:05:44,380 --> 00:05:48,380
Anyways, so I just like five brown ones and tie back sucks.

113
00:05:48,380 --> 00:05:52,380
Fuck are you talking about, man?

114
00:05:52,380 --> 00:05:56,380
Yeah, anyway, I'm not getting a fucking 10 gig box for a leader.

115
00:05:56,380 --> 00:05:57,380
I'm getting distracted.

116
00:05:57,380 --> 00:06:00,380
Talking about switching, switching topics.

117
00:06:00,380 --> 00:06:02,380
Did you get pricing in a layout box?

118
00:06:02,380 --> 00:06:11,380
So in new, I just, I just saw that, you know, one of our friend of the podcast said that he was switching to a 10 gig box.

119
00:06:11,380 --> 00:06:13,380
I'm like, fucking what?

120
00:06:13,380 --> 00:06:14,380
Yeah.

121
00:06:14,380 --> 00:06:15,380
Yeah.

122
00:06:15,380 --> 00:06:21,380
So Leo, which is a testnet that's starting, well, I guess testnet three starting soon.

123
00:06:21,380 --> 00:06:24,380
The one that people are allowed to fuck with.

124
00:06:24,380 --> 00:06:25,380
Is that what it is?

125
00:06:25,380 --> 00:06:26,380
Is that the official name?

126
00:06:26,380 --> 00:06:27,380
Yeah.

127
00:06:27,380 --> 00:06:33,380
Well, you know, the rest of them have been like behind closed doors.

128
00:06:33,380 --> 00:06:35,380
Okay.

129
00:06:35,380 --> 00:06:37,380
So that's kicking.

130
00:06:37,380 --> 00:06:44,380
Well, I guess there's, there's some distribution this week in terms of getting nodes in the set.

131
00:06:44,380 --> 00:06:48,380
There's pretty high expectations of CPU and some other things.

132
00:06:48,380 --> 00:06:52,380
And one of those requirements was a 10 gig line, not a one gig line.

133
00:06:52,380 --> 00:06:57,380
And, and, and so everybody's kind of back and forth in that.

134
00:06:57,380 --> 00:07:03,380
Cause that actually, if you, if you go 10 gig only, you're losing a ton of different providers that a lot of people use.

135
00:07:03,380 --> 00:07:04,380
So that does.

136
00:07:04,380 --> 00:07:09,380
I don't know where people have gleaned that 10 gig.

137
00:07:09,380 --> 00:07:16,380
That was an example that I think Dan provided, but in the build guide, it says 500 megabits.

138
00:07:16,380 --> 00:07:24,380
So symmetric, which would, which would be a gig, which would be a gig would be a gig line and be 500 megabits each way.

139
00:07:24,380 --> 00:07:25,380
Yes.

140
00:07:25,380 --> 00:07:26,380
Yeah.

141
00:07:26,380 --> 00:07:27,380
10, 10, no.

142
00:07:27,380 --> 00:07:28,380
Loads.

143
00:07:28,380 --> 00:07:29,380
Yeah.

144
00:07:29,380 --> 00:07:31,380
One gig line, one gig line is symmetric one gig, right?

145
00:07:31,380 --> 00:07:34,380
A one gig line is symmetrical one gig.

146
00:07:34,380 --> 00:07:36,380
So a gig each way.

147
00:07:36,380 --> 00:07:38,380
500 meg is symmetrical.

148
00:07:38,380 --> 00:07:40,380
500 megs, 500 each way.

149
00:07:40,380 --> 00:07:41,380
Yeah.

150
00:07:41,380 --> 00:07:42,380
That's right.

151
00:07:42,380 --> 00:07:43,380
Yeah.

152
00:07:43,380 --> 00:07:44,380
So that's what we're getting.

153
00:07:44,380 --> 00:07:45,380
That's in the GitHub.

154
00:07:45,380 --> 00:07:51,380
And then, and then I think in the notion, in the notion doc that was passed around that has that space, that specifically says 10 gig.

155
00:07:51,380 --> 00:07:59,380
Well, I'm putting on a 500 megabit here down under and see how that goes, I guess.

156
00:07:59,380 --> 00:08:01,380
But the machine's going to be OP.

157
00:08:01,380 --> 00:08:05,380
So like, maybe that makes up what machines back.

158
00:08:05,380 --> 00:08:07,380
We talking getting a 93 54.

159
00:08:07,380 --> 00:08:16,380
With half a terabyte of RAM and four 15.4 terabyte drives.

160
00:08:16,380 --> 00:08:18,380
But you're using it for something else, right?

161
00:08:18,380 --> 00:08:24,380
Because it's ultimately it's for something else, but we're just going to use it for a Leo in the for its maiden voyage.

162
00:08:24,380 --> 00:08:25,380
That's cool.

163
00:08:25,380 --> 00:08:28,380
It's a it's a it's a ball of machine anyway.

164
00:08:28,380 --> 00:08:35,380
And the IOPS on those, we had to go Jen for NVMEs because it's three months wait for Jen fives.

165
00:08:35,380 --> 00:08:38,380
But I mean, the IOPS are pretty insane.

166
00:08:38,380 --> 00:08:44,380
We're getting these random ass dooper store discs out of China.

167
00:08:44,380 --> 00:08:45,380
Sounds enterprises.

168
00:08:45,380 --> 00:08:46,380
Fuck.

169
00:08:46,380 --> 00:08:47,380
Yeah.

170
00:08:47,380 --> 00:08:48,380
Store.

171
00:08:48,380 --> 00:08:55,380
So while there sounds like the right words for something, but not the thing I'm after.

172
00:08:55,380 --> 00:08:57,380
It's like, not in the right order.

173
00:08:57,380 --> 00:09:00,380
Some some brand like Samsung spelled backwards or something.

174
00:09:00,380 --> 00:09:06,380
The the the the NAND flash is Kyoksia.

175
00:09:06,380 --> 00:09:09,380
So it's good.

176
00:09:09,380 --> 00:09:11,380
Last chips on a who knows what board.

177
00:09:11,380 --> 00:09:15,380
I the the the boards out of America.

178
00:09:15,380 --> 00:09:25,380
So the guy who was selling it to me is like, is like, these are like a lot cheaper than than if you were to buy us a Samsung.

179
00:09:25,380 --> 00:09:29,380
And I'm like, OK, what's the what's the right?

180
00:09:29,380 --> 00:09:30,380
You know, what's the catch here?

181
00:09:30,380 --> 00:09:39,380
And he's like, it's good Kyoksia, you know, NAND flash and the and the controllers, some other good brand out of the United States of America.

182
00:09:39,380 --> 00:09:44,380
He said, but they're assembled in China and people don't like that.

183
00:09:44,380 --> 00:09:48,380
And I was like, I'm not glad Americans don't anyway.

184
00:09:48,380 --> 00:09:50,380
And I said, what was that?

185
00:09:50,380 --> 00:09:51,380
It's 40% cheaper.

186
00:09:51,380 --> 00:09:53,380
Oh, take it.

187
00:09:53,380 --> 00:09:55,380
So we'll see how they go.

188
00:09:55,380 --> 00:09:56,380
They're on trial.

189
00:09:56,380 --> 00:09:58,380
I think I like a five year warranty.

190
00:09:58,380 --> 00:10:01,380
It's a I think it's got a ride endurance of 1.3.

191
00:10:01,380 --> 00:10:07,380
So we'll give it a you building these and rack it on yourself.

192
00:10:07,380 --> 00:10:08,380
Yeah.

193
00:10:08,380 --> 00:10:11,380
So you finally you finally going co low.

194
00:10:11,380 --> 00:10:20,380
So I wanted an Australian machine, but like honestly, I would have to sell both of my kidneys to rent one out of Australia.

195
00:10:20,380 --> 00:10:23,380
So we just decided to build one.

196
00:10:23,380 --> 00:10:28,380
And I've hooked up with a good co low provider.

197
00:10:28,380 --> 00:10:34,380
Obviously getting fingered on on the bandwidth charge out here.

198
00:10:34,380 --> 00:10:37,380
Electricity is pretty expensive here as well.

199
00:10:37,380 --> 00:10:39,380
So anyway, we'll see how it goes.

200
00:10:39,380 --> 00:10:42,380
It's the first first floor in the Colo.

201
00:10:42,380 --> 00:10:49,380
If this one works out, we'll probably look at jamming something into you serve as co low somewhere.

202
00:10:49,380 --> 00:10:51,380
Yeah, everyone.

203
00:10:51,380 --> 00:10:53,380
Yeah.

204
00:10:53,380 --> 00:10:58,380
But I think for higher end machines, I think it makes sense to build something rather than rent it.

205
00:10:58,380 --> 00:11:03,380
The rental machines are like a little bit tired to so.

206
00:11:03,380 --> 00:11:06,380
No, it's not with a night night 93 54.

207
00:11:06,380 --> 00:11:09,380
That's only they're only going to be a couple of.

208
00:11:09,380 --> 00:11:19,380
No, but I mean like, you know, even the tired ones like the, you know, 7200004 series is still quite expensive to rent.

209
00:11:19,380 --> 00:11:21,380
Yeah.

210
00:11:21,380 --> 00:11:23,380
I think it's going to be expensive, right?

211
00:11:23,380 --> 00:11:25,380
Because it targets like a different market.

212
00:11:25,380 --> 00:11:27,380
Yeah.

213
00:11:27,380 --> 00:11:29,380
And if you want any kind of decent amount of storage, you're fucked.

214
00:11:29,380 --> 00:11:31,380
Yeah.

215
00:11:31,380 --> 00:11:33,380
Well, yeah.

216
00:11:33,380 --> 00:11:39,380
The big ones, like if you want like over, like if you start getting a 12 terabyte SSDs and stuff, they start really charging for those things.

217
00:11:39,380 --> 00:11:44,380
But like for a 4 TB desk is going to cost you like 50 euro or something like that month.

218
00:11:44,380 --> 00:11:46,380
Yeah.

219
00:11:46,380 --> 00:11:51,380
So you're going to be like, well, we're going to buy these and we want to pay them back in two months.

220
00:11:51,380 --> 00:11:53,380
So it wasn't for those discs.

221
00:11:53,380 --> 00:11:57,380
You'll probably be looking at, I don't know, most $1000 a month.

222
00:11:57,380 --> 00:12:03,380
So the, yeah, to run up to the cost of what buying all that kits can cost you, right?

223
00:12:03,380 --> 00:12:05,380
Yeah.

224
00:12:05,380 --> 00:12:11,380
I mean, the payoff on this compared to the other two is that you're going to be able to buy a lot of these.

225
00:12:11,380 --> 00:12:19,380
And I'm like, yeah, it's going to cost you, right? Yeah. I mean, the payoff on this compared to what we're paying now for a far lesser machine.

226
00:12:19,380 --> 00:12:22,380
The payoff is 12 months.

227
00:12:22,380 --> 00:12:26,380
So that's including our hosting cost.

228
00:12:26,380 --> 00:12:28,380
The pay off worked out at 12 months.

229
00:12:28,380 --> 00:12:30,380
And that should go down if you add more hardware, right?

230
00:12:30,380 --> 00:12:33,380
Because you're basically, you have a pretty high fixed cost.

231
00:12:33,380 --> 00:12:36,380
Yeah. So the internet price is high.

232
00:12:36,380 --> 00:12:42,380
So once we add more, I use, you know, the Colo, it'll be get, we'll become more economical.

233
00:12:42,380 --> 00:12:47,380
So yeah, we've been like, we've been back and forth because we have our big issues.

234
00:12:47,380 --> 00:12:49,380
One gig lines are pretty cheap around here.

235
00:12:49,380 --> 00:12:52,380
10 gig lines are really expensive.

236
00:12:52,380 --> 00:12:58,380
Like 10 gig line for us is like anywhere between 1500 and 15,000 a month.

237
00:12:58,380 --> 00:13:01,380
So they're like really, they get really pricey.

238
00:13:01,380 --> 00:13:08,380
And for one gig, like we get, you know, we get a slash 24 on a one gig for 150 bucks a month, which is like really cheap.

239
00:13:08,380 --> 00:13:14,380
So in Australia, if you have to ask how much 10 gig is, you can't afford it.

240
00:13:14,380 --> 00:13:15,380
Yeah.

241
00:13:15,380 --> 00:13:17,380
Oh yeah. Yeah. Exactly.

242
00:13:17,380 --> 00:13:19,380
I'm sure it's an insane.

243
00:13:19,380 --> 00:13:25,380
I'm sure. Well, I mean, especially if it's like over the internet, I'm guessing if you're in country, well, I can't control that.

244
00:13:25,380 --> 00:13:26,380
So it doesn't matter.

245
00:13:26,380 --> 00:13:31,380
Interestingly, though, they did give us unlimited data.

246
00:13:31,380 --> 00:13:38,380
So that is generally in the rental space out of Australia or APAC or Singapore.

247
00:13:38,380 --> 00:13:44,380
Unlimited data is not really heard of. You can get it, but they charge you for it a lot.

248
00:13:44,380 --> 00:13:45,380
Right. Yeah.

249
00:13:45,380 --> 00:13:46,380
Yeah.

250
00:13:46,380 --> 00:13:51,380
Yeah. Especially AP like, like usually 10 or 20 terabytes a month or something like that, which is, which is not enough.

251
00:13:51,380 --> 00:13:53,380
Yeah. 10 to 25 terabytes.

252
00:13:53,380 --> 00:13:59,380
So you can top out at 25 terabytes for like off the shelf type stuff.

253
00:13:59,380 --> 00:14:04,380
But yeah. So I don't know. The gig is 800 kangabucks.

254
00:14:04,380 --> 00:14:07,380
So that's a lot 500, 500 US.

255
00:14:07,380 --> 00:14:08,380
Yeah.

256
00:14:08,380 --> 00:14:09,380
That's a lot.

257
00:14:09,380 --> 00:14:10,380
Yeah.

258
00:14:10,380 --> 00:14:14,380
The lot fun with it. You're still going to have to, I mean, even with that, you're going to need some offsite backup.

259
00:14:14,380 --> 00:14:17,380
So those archives and you're going to have some other stuff.

260
00:14:17,380 --> 00:14:20,380
It's going to be, but you'd have that cost anyway, but it's going to be pricey.

261
00:14:20,380 --> 00:14:26,380
The good thing about that is like, you know, so this is going into M1 in Melbourne.

262
00:14:26,380 --> 00:14:38,380
So we can get, you know, something else in M2 and use the, and use the like 25 gig cross connect with our co-load provider.

263
00:14:38,380 --> 00:14:40,380
So we don't actually have to go over the internet.

264
00:14:40,380 --> 00:14:44,380
We can just back up offsite without going over the internet.

265
00:14:44,380 --> 00:14:45,380
So it's cool.

266
00:14:45,380 --> 00:14:46,380
Yeah.

267
00:14:46,380 --> 00:14:47,380
Thanks.

268
00:14:47,380 --> 00:14:54,380
Yeah. So that should be like, you know, a pivot from what we've done to date.

269
00:14:54,380 --> 00:14:57,380
So it'd be a interesting learning curve.

270
00:14:57,380 --> 00:14:59,380
All new problems.

271
00:14:59,380 --> 00:15:02,380
Yeah. But it's not, it's not critical infrastructure to begin with.

272
00:15:02,380 --> 00:15:08,380
Like we're not running validators or anyone's any customer services out of there or anything.

273
00:15:08,380 --> 00:15:09,380
So.

274
00:15:09,380 --> 00:15:14,380
Yeah. We just like, we were burning through NVMe just so that's like a real pain in the ass on our side.

275
00:15:14,380 --> 00:15:17,380
Cause these are, these are NVMe sticks are not drives.

276
00:15:17,380 --> 00:15:19,380
So they're like, cause these back planes are really old.

277
00:15:19,380 --> 00:15:25,380
So they're basically like four port NVMe cards that are sitting in PCI slots.

278
00:15:25,380 --> 00:15:29,380
And sounds like they might have consumer NVMe's in them too.

279
00:15:29,380 --> 00:15:34,380
Well, they're, I mean, on the stick side, there really are not enterprise NVMe's and sticks.

280
00:15:34,380 --> 00:15:37,380
Right. These are, those are all like two and a half inch, right?

281
00:15:37,380 --> 00:15:39,380
You can get it. You can get a Dupastore.

282
00:15:39,380 --> 00:15:40,380
Yeah.

283
00:15:40,380 --> 00:15:41,380
Stick.

284
00:15:41,380 --> 00:15:42,380
Yeah.

285
00:15:42,380 --> 00:15:54,380
So Dupastore's. Yeah. So, and like they, I mean, they, these are the last thing that, I mean, those things have been there for a couple of years now, but still like when they fail, there's, there's not like, it's not the same amount of redundancy, right?

286
00:15:54,380 --> 00:16:06,380
Like on the SSD side, you can create like a 10 drive SSD array and I can have hot spares and things just kind of take care of itself and that type of stuff, which is, which is, even though it's a raid, it was a pain in the ass, at least it's redundant.

287
00:16:06,380 --> 00:16:12,380
On the NVMe side, you just don't have that. So you have to be planful around that, which is just a bit of a pain in the ass.

288
00:16:12,380 --> 00:16:15,380
So you say you get these sitting in expansion cards, did you say? Just like,

289
00:16:15,380 --> 00:16:16,380
I have to.

290
00:16:16,380 --> 00:16:17,380
And on these boxes.

291
00:16:17,380 --> 00:16:18,380
Mm-hmm.

292
00:16:18,380 --> 00:16:29,380
Yeah. Like four, four port NVMe on a 16, like a, doesn't really matter, but on a PCI slot. So there's, there's one or two of those in each of these 10 servers that we have.

293
00:16:29,380 --> 00:16:36,380
And then those things get basically get exposed as data stores. So, and then those can, those can actually blow up.

294
00:16:36,380 --> 00:16:42,380
It's not that big of a deal because most of that stuff that we put on there is more like node based type stuff and nodes are disposable.

295
00:16:42,380 --> 00:16:52,380
So it's not that big of a deal. And then like things that are important, like our monitoring and like Horcrux and that kind of shit, those sit on larger SSD arrays that can have fails.

296
00:16:52,380 --> 00:16:53,380
Like it's not a big deal.

297
00:16:53,380 --> 00:16:59,380
So, but it's just, it's just, it's just, you know, so he's got to go in there and you get that thing's dead and it can die.

298
00:16:59,380 --> 00:17:01,380
But then at some point I got to reboot that server.

299
00:17:01,380 --> 00:17:03,380
So I got to go in there and replace that fucking thing.

300
00:17:03,380 --> 00:17:08,380
But to reboot it means everything that's on that needs to go down and that might be okay. It might not be okay.

301
00:17:08,380 --> 00:17:16,380
And it takes forever to shut down. And then you got to, somebody's got to go do it and like, anyway, you'll see.

302
00:17:16,380 --> 00:17:19,380
What's one of those? What's one of those fails?

303
00:17:19,380 --> 00:17:21,380
You're like, fucking hell.

304
00:17:21,380 --> 00:17:32,380
What's the, what's the, what are they called? What's the, what's the, the smart endpoint for like the percentage used?

305
00:17:32,380 --> 00:17:34,380
That doesn't matter though.

306
00:17:34,380 --> 00:17:35,380
Does that mean?

307
00:17:35,380 --> 00:17:36,380
1000%.

308
00:17:36,380 --> 00:17:44,380
No, I think these enemies have failed probably. I think in Xabix it probably showed less than maybe 100%, 140. Some of those were less.

309
00:17:44,380 --> 00:17:50,380
They're all like, you know, but again, these are, they're just kind of anyway, Ramos has enough node complaining.

310
00:17:50,380 --> 00:17:54,380
Well, that's what this is about, man. That's why we, we gave money.

311
00:17:54,380 --> 00:17:59,380
First bitching, first bitching about none of preamble and then okay, too much preamble.

312
00:17:59,380 --> 00:18:00,380
Too much.

313
00:18:00,380 --> 00:18:04,380
We're only, we're only 20 minutes in the story.

314
00:18:04,380 --> 00:18:07,380
I'm not looking at my fucking spreadsheet. Okay.

315
00:18:07,380 --> 00:18:10,380
Drill tweet of the week. It was not last week.

316
00:18:10,380 --> 00:18:11,380
Oh, it's early.

317
00:18:11,380 --> 00:18:12,380
Yeah.

318
00:18:12,380 --> 00:18:13,380
So you suffer.

319
00:18:13,380 --> 00:18:14,380
Yeah.

320
00:18:14,380 --> 00:18:17,380
So when stop Jesus.

321
00:18:17,380 --> 00:18:18,380
Okay.

322
00:18:18,380 --> 00:18:21,380
The section is dogs.

323
00:18:21,380 --> 00:18:23,380
Oh, okay. I like dogs.

324
00:18:23,380 --> 00:18:24,380
I like dogs.

325
00:18:24,380 --> 00:18:25,380
You like dogs.

326
00:18:25,380 --> 00:18:26,380
I like dogs.

327
00:18:26,380 --> 00:18:28,380
Left page or right page?

328
00:18:28,380 --> 00:18:30,380
Let's see. Left.

329
00:18:30,380 --> 00:18:31,380
Yep.

330
00:18:31,380 --> 00:18:33,380
Readers choice. Just find a good one.

331
00:18:33,380 --> 00:18:36,380
Find some of the tickles.

332
00:18:36,380 --> 00:18:37,380
Yeah.

333
00:18:37,380 --> 00:18:46,380
We're just going to go for the middle one, which is what's the job where you dress up like a Michelin man and get attacked by vicious dogs?

334
00:18:46,380 --> 00:18:51,380
Anyway, that's the thing I spent $80,000 at college for.

335
00:18:51,380 --> 00:18:54,380
You have to get a college to do that.

336
00:18:54,380 --> 00:18:55,380
I think that's the joke.

337
00:18:55,380 --> 00:18:57,380
That's the joke.

338
00:18:57,380 --> 00:19:03,380
It's not the comedy.

339
00:19:03,380 --> 00:19:05,380
It's comedy.

340
00:19:05,380 --> 00:19:06,380
It's not a comedy.

341
00:19:06,380 --> 00:19:07,380
It's not a comedy.

342
00:19:07,380 --> 00:19:08,380
I tried.

343
00:19:08,380 --> 00:19:09,380
I can't get it.

344
00:19:09,380 --> 00:19:10,380
I tried.

345
00:19:10,380 --> 00:19:12,380
What was that?

346
00:19:12,380 --> 00:19:15,380
What was that hockey thing you posted?

347
00:19:15,380 --> 00:19:16,380
Oh, that's a.

348
00:19:16,380 --> 00:19:18,380
So that was my brain up.

349
00:19:18,380 --> 00:19:20,380
I was like, I feel like I should know this reference.

350
00:19:20,380 --> 00:19:23,380
That's a clip from Slap Shot with Paul Newman.

351
00:19:23,380 --> 00:19:26,380
If you've ever seen that movie, that's a great movie.

352
00:19:26,380 --> 00:19:27,380
I'll put the link in the show.

353
00:19:27,380 --> 00:19:30,380
It's great American 70s 70s.

354
00:19:30,380 --> 00:19:32,380
I don't know what year that is.

355
00:19:32,380 --> 00:19:36,380
I think again, I'll say it's all cases like 79 78, maybe 80.

356
00:19:36,380 --> 00:19:39,380
Great hockey movie about the Kansas City Chiefs.

357
00:19:39,380 --> 00:19:42,380
And it's awesome comedy.

358
00:19:42,380 --> 00:19:44,380
Should be should be watched.

359
00:19:44,380 --> 00:19:45,380
Slap Shot.

360
00:19:45,380 --> 00:19:46,380
Not slap.

361
00:19:46,380 --> 00:19:47,380
Yeah.

362
00:19:47,380 --> 00:19:48,380
Not slap shot.

363
00:19:48,380 --> 00:19:49,380
Slap shot.

364
00:19:49,380 --> 00:19:50,380
Not slap shot.

365
00:19:50,380 --> 00:19:52,380
Paul Newman classic.

366
00:19:52,380 --> 00:19:53,380
Okay.

367
00:19:53,380 --> 00:19:54,380
Paul Newman.

368
00:19:54,380 --> 00:19:55,380
How bad can it be?

369
00:19:55,380 --> 00:19:56,380
Slap shot today.

370
00:19:56,380 --> 00:19:58,380
Slap your troubles away.

371
00:19:58,380 --> 00:19:59,380
Okay.

372
00:19:59,380 --> 00:20:00,380
Slap shot.

373
00:20:00,380 --> 00:20:01,380
Slap shot.

374
00:20:01,380 --> 00:20:02,380
Edit to your list.

375
00:20:02,380 --> 00:20:03,380
77.

376
00:20:03,380 --> 00:20:04,380
Here's close.

377
00:20:04,380 --> 00:20:05,380
Okay.

378
00:20:05,380 --> 00:20:06,380
Yep.

379
00:20:06,380 --> 00:20:07,380
I will.

380
00:20:07,380 --> 00:20:08,380
I will.

381
00:20:08,380 --> 00:20:09,380
I will.

382
00:20:09,380 --> 00:20:10,380
I will.

383
00:20:10,380 --> 00:20:11,380
I will.

384
00:20:11,380 --> 00:20:12,380
I will.

385
00:20:12,380 --> 00:20:16,380
So the cosmos, the cosmos made some other progress this week, sir,

386
00:20:16,380 --> 00:20:18,380
that you might be interested in.

387
00:20:18,380 --> 00:20:20,380
I know the freighters and your fuck.

388
00:20:20,380 --> 00:20:23,380
Can I, can I throw in a piece of news first?

389
00:20:23,380 --> 00:20:24,380
Sure.

390
00:20:24,380 --> 00:20:25,380
Because okay.

391
00:20:25,380 --> 00:20:28,380
So this only matters to people, maybe only matters to people in the UK,

392
00:20:28,380 --> 00:20:33,380
but it is interesting is that last week there was, I think Thursday.

393
00:20:33,380 --> 00:20:41,380
So just after the show had there was a working document published by,

394
00:20:41,380 --> 00:20:44,380
I can't remember these fucking groups, like they're important,

395
00:20:44,380 --> 00:20:49,380
but they're all the titles are so yeah, the technology working group to the

396
00:20:49,380 --> 00:20:56,380
asset management task force issued an interim report on UK fun tokenization.

397
00:20:56,380 --> 00:21:02,380
The big thing here basically is fun tokenization in a regulated way and the

398
00:21:02,380 --> 00:21:04,380
FCA being okay with it.

399
00:21:04,380 --> 00:21:10,380
So it's kind of interesting, but also like low key kind of not because it only

400
00:21:10,380 --> 00:21:17,380
covers funds using ledges for essentially a system of record, right?

401
00:21:17,380 --> 00:21:20,380
And it kind of seems like a bit of a meme to me.

402
00:21:20,380 --> 00:21:24,380
Like, you know, when you're like, I'm not sure if I get what's going on here.

403
00:21:24,380 --> 00:21:26,380
Yeah, all the time in the show.

404
00:21:26,380 --> 00:21:27,380
Yeah, well, sure.

405
00:21:27,380 --> 00:21:31,380
But if they're just using it as a database essentially, but distributed one,

406
00:21:31,380 --> 00:21:33,380
then it's a meme, right?

407
00:21:33,380 --> 00:21:37,380
Because why not just instead get every hedge fund in the world and tell them

408
00:21:37,380 --> 00:21:41,380
to run Apache Cassandra and then just expose a port to each other.

409
00:21:41,380 --> 00:21:43,380
And then they have fault tolerance.

410
00:21:43,380 --> 00:21:48,380
And if any of those hedge funds gets blown up by a bomb, all the other hedge funds will know.

411
00:21:48,380 --> 00:21:53,380
I mean, and that is literally how international banking, I assume currently

412
00:21:53,380 --> 00:21:57,380
operates with some kind of sharded distributed databases, right?

413
00:21:57,380 --> 00:21:58,380
One would hope.

414
00:21:58,380 --> 00:22:00,380
One would hope.

415
00:22:00,380 --> 00:22:06,380
So the fact that it's kind of, it's sort of private, but it's also sort of in the public.

416
00:22:06,380 --> 00:22:11,380
Kind of just seems like you're asking somebody to just grief your record, right?

417
00:22:11,380 --> 00:22:13,380
Because the ledger can be rewritten.

418
00:22:13,380 --> 00:22:17,380
I think a lot of this stuff that's been done so far is on polygon.

419
00:22:17,380 --> 00:22:22,380
So I don't know like what level of, I don't think they have the same governance drama

420
00:22:22,380 --> 00:22:25,380
or any of that stuff that Cosmos has.

421
00:22:25,380 --> 00:22:27,380
So what did the approving set?

422
00:22:27,380 --> 00:22:28,380
They approve something?

423
00:22:28,380 --> 00:22:29,380
Is that what you're saying?

424
00:22:29,380 --> 00:22:35,380
They've pushed, they've sort of greenlit a slow burn.

425
00:22:35,380 --> 00:22:38,380
Path to fund tokenization.

426
00:22:38,380 --> 00:22:43,380
So it's like TradFy using public ledgers to represent funds.

427
00:22:43,380 --> 00:22:51,380
And there's like a, there's at least one company that has a regulated exchange where certain people could buy those funds,

428
00:22:51,380 --> 00:22:54,380
which are ultimately represented on chain.

429
00:22:54,380 --> 00:23:00,380
So something like, what was that Cosmos chain that like kind of failure to launch, failed to launch?

430
00:23:00,380 --> 00:23:02,380
It can be more specific than that.

431
00:23:02,380 --> 00:23:05,380
That was how it was all about ETFs.

432
00:23:05,380 --> 00:23:06,380
What was that called?

433
00:23:06,380 --> 00:23:08,380
Oh, defund.

434
00:23:08,380 --> 00:23:09,380
Yeah.

435
00:23:09,380 --> 00:23:16,380
Imagine defund, but it's actually a regulated financial institution that can sell your fund.

436
00:23:16,380 --> 00:23:19,380
But are they packaging them up in some sort of group of assets?

437
00:23:19,380 --> 00:23:22,380
It sounds like what you're talking about before was more like a CBDC.

438
00:23:22,380 --> 00:23:25,380
It was like, it was just like, we want to use a ledger for a digital currency,

439
00:23:25,380 --> 00:23:27,380
but that currency has to be back.

440
00:23:27,380 --> 00:23:32,380
And that's kind of what you said.

441
00:23:32,380 --> 00:23:33,380
So the currency involved, they just, they're issuing a token that represents shares in say like an ETF or a fund.

442
00:23:33,380 --> 00:23:40,380
Oh, so it is, oh, it is a representation of some other financial asset, like some sort of fund type structure.

443
00:23:40,380 --> 00:23:41,380
Yeah.

444
00:23:41,380 --> 00:23:43,380
So it's a representation of the asset.

445
00:23:43,380 --> 00:23:44,380
Yeah.

446
00:23:44,380 --> 00:23:46,380
What the fuck does that mean?

447
00:23:46,380 --> 00:23:50,380
Well, it means that the asset, the representation of the asset is living on a public ledger.

448
00:23:50,380 --> 00:23:57,380
And then ultimately, I guess is going to be, if it was to be traded or redeemed or whatever,

449
00:23:57,380 --> 00:24:04,380
will be redeemed via one of those regulated players that has a private, currently a private, regulated exchange for their investors.

450
00:24:04,380 --> 00:24:05,380
I got it.

451
00:24:05,380 --> 00:24:06,380
Use those funds.

452
00:24:06,380 --> 00:24:07,380
Okay.

453
00:24:07,380 --> 00:24:11,380
So if I own a token of a certain amount, I own that in a physical, in some other financial type of thing.

454
00:24:11,380 --> 00:24:17,380
If I turn that in, they burn that and I receive the actual financial, whatever, whatever, that type of idea.

455
00:24:17,380 --> 00:24:18,380
That's essentially it.

456
00:24:18,380 --> 00:24:19,380
Essentially the idea.

457
00:24:19,380 --> 00:24:25,380
The mechanics of it, really, the report doesn't, isn't interested in mechanics, implementation, any of that stuff.

458
00:24:25,380 --> 00:24:27,380
It's just interested in like the regulatory framework.

459
00:24:27,380 --> 00:24:36,380
But I do look at this and I go, well, I mean, if that is actually a representation of the asset, then what happens if there's cyber attack?

460
00:24:36,380 --> 00:24:38,380
What happens if you get owned?

461
00:24:38,380 --> 00:24:40,380
What happens if there's a governance attack?

462
00:24:40,380 --> 00:24:41,380
It is an interesting question.

463
00:24:41,380 --> 00:24:48,380
I don't know how much like the implementers or the regulator actually, I mean, they all seem like smart.

464
00:24:48,380 --> 00:24:52,380
Enough people, the people I've actually interacted with in any way.

465
00:24:52,380 --> 00:25:01,380
But I don't know to what extent like there is risk involved in this anyway, or whether it's, because the thing is, it's like, is it the system of record?

466
00:25:01,380 --> 00:25:03,380
Like, is it the system of record?

467
00:25:03,380 --> 00:25:06,380
Or is there also postgres running over here?

468
00:25:06,380 --> 00:25:08,380
Because I bet you there's also postgres running over here.

469
00:25:08,380 --> 00:25:16,380
And I bet you if Polygon shits the bed or gets attacked, they just turn it off, go back to postgres and go, don't worry, fun, safe.

470
00:25:16,380 --> 00:25:23,380
So they did select polygon, like some sort of like some sort of contract or representation on polygon in some sort of way?

471
00:25:23,380 --> 00:25:37,380
My understanding is the pilot, the current pilot that's in use that is in use that's referenced in the fund tokenization report is referring to a implementation on polygon.

472
00:25:37,380 --> 00:25:39,380
Why would they even need a public blockchain?

473
00:25:39,380 --> 00:25:46,380
Like, what they're saying is they're basically saying block blockchains, like technology makes sense for this use case, but defies bullshit.

474
00:25:46,380 --> 00:25:52,380
So, so which, okay, and there's a number that probably you can't even buy it, like you can't even interact with it.

475
00:25:52,380 --> 00:26:02,380
Yeah, so you why they could run 10 servers in a fucking data center and have a blockchain that runs as Hey, it's immutable, which yes, it's a database that has structure around it for sure.

476
00:26:02,380 --> 00:26:07,380
And they receive the get the same benefit like I mean, it doesn't make any sense why they even use a public chain.

477
00:26:07,380 --> 00:26:20,380
Yeah, my only understanding is that yeah, this is why I'm like there must be something I've misunderstood from what this pilot use cases is saying and and what that current implementation is.

478
00:26:20,380 --> 00:26:23,380
Because yeah, why, why?

479
00:26:23,380 --> 00:26:41,380
Because I also know that like obviously the inputs and whatnot will be like hashed is not like they're going to be like this is not like it's gonna be an NFT with a memo field that says this NFT represents $500,000 worth of X asset, like obviously it's not.

480
00:26:41,380 --> 00:26:54,380
But at the same time, like if you look to the series of assets that were being issued on polygon and you looked at the source wallet or the mint a contract and you were like, well, this is clearly run by one entity.

481
00:26:54,380 --> 00:26:58,380
And it looks like they have a specific pattern of usage and lifetime.

482
00:26:58,380 --> 00:27:02,380
It looks like they're all moving back to this one point and then they're coming back out again.

483
00:27:02,380 --> 00:27:06,380
They seem to have, you know, just random hashes in the water.

484
00:27:06,380 --> 00:27:10,380
But I mean, look, who's running that you got security by the way.

485
00:27:10,380 --> 00:27:12,380
You've got security by obscurity, right?

486
00:27:12,380 --> 00:27:20,380
But it doesn't mean that somebody can't see that in the open and go like, I wonder what that is and whether or not it's valuable in some way because even disrupting it could potentially be valuable, right?

487
00:27:20,380 --> 00:27:21,380
Yeah, sure.

488
00:27:21,380 --> 00:27:23,380
Yeah, no, everything else, right?

489
00:27:23,380 --> 00:27:24,380
Yeah.

490
00:27:24,380 --> 00:27:25,380
But so who's who put that out?

491
00:27:25,380 --> 00:27:26,380
Where's that from?

492
00:27:26,380 --> 00:27:29,380
I'll add a link to the to the show now.

493
00:27:29,380 --> 00:27:30,380
I put a link in there.

494
00:27:30,380 --> 00:27:38,380
It's it's the very, very catchy interim report from the technology working group to the asset management task force with with.

495
00:27:38,380 --> 00:27:39,380
What's that acronym?

496
00:27:39,380 --> 00:27:48,380
Yeah, exactly with with the assistance of the UK Investment Association and the is this like a government agency of some sort is a bunch of.

497
00:27:48,380 --> 00:27:58,380
So it's a private a private body with the sort of pseudo blessing of the FCA, which is the regulator.

498
00:27:58,380 --> 00:28:08,380
So the FCA is a regulator and they've sort of held hands throughout the process and the FCA has basically said, OK, that seems like a reasonable blueprint.

499
00:28:08,380 --> 00:28:10,380
OK, start taking this forward.

500
00:28:10,380 --> 00:28:14,380
Now you've kind of done some pilot stuff.

501
00:28:14,380 --> 00:28:35,380
My understanding is that if you are a company working with any kind of tokenized fund representation in the UK, what is going to happen next is probably that the FCA is going to ask you to say get in touch, essentially, and they're probably going to make you register in some way.

502
00:28:35,380 --> 00:28:44,380
I don't know if there'll be a financial cost involved in that or whether it will just be putting yourself on a register of companies that are working with the technology in some way.

503
00:28:44,380 --> 00:28:53,380
But almost everybody working with funds, like is in a fund is in Tradfy is already going to be regulated by the FCA anyway.

504
00:28:53,380 --> 00:28:55,380
So right.

505
00:28:55,380 --> 00:29:05,380
I don't know. It's a sort of a weird one because like obviously you don't need to register with the FCA if you were just running a private blockchain because nobody cares.

506
00:29:05,380 --> 00:29:15,380
And I don't get why you need to use a public blockchain other than maybe an investor wants to look at the look at ETH scan on their mobile phone while they're on the toilet.

507
00:29:15,380 --> 00:29:17,380
That's the only use case I can think of.

508
00:29:17,380 --> 00:29:19,380
As one does.

509
00:29:19,380 --> 00:29:21,380
So we'll look at min scan on the box.

510
00:29:21,380 --> 00:29:31,380
It would have to be new assets, right? Because you couldn't mirror an ownership structure or anything else from some other data source onto that chain, right?

511
00:29:31,380 --> 00:29:35,380
The long term play must be YOLO DeFi.

512
00:29:35,380 --> 00:29:38,380
It seems like it's a baby step towards.

513
00:29:38,380 --> 00:29:39,380
Yes.

514
00:29:39,380 --> 00:29:43,380
Right? We haven't figured out how to actually put an asset on chain and collateralize it and all that kind of stuff.

515
00:29:43,380 --> 00:29:51,380
And we are going to say, we're going to keep this shit on the side and trust us. If you want to make a change, we're going to make a change and you're going to see that change and then that change actually gets reflected.

516
00:29:51,380 --> 00:29:58,380
And when you want to actually sell this thing, we totally got you, bro. We're going to go sell it on this side because you're kind of trusting us to make that sale, right?

517
00:29:58,380 --> 00:30:04,380
Or you're trusting us to make that move because we are the broker of all the actual transactions on chain, right?

518
00:30:04,380 --> 00:30:08,380
My guess at the moment is it's blockchain, but Postgres is running over here.

519
00:30:08,380 --> 00:30:11,380
If anything goes wrong, they just have a backup.

520
00:30:11,380 --> 00:30:13,380
Postgres and they say, fuck it.

521
00:30:13,380 --> 00:30:15,380
The experiment failed, right?

522
00:30:15,380 --> 00:30:21,380
But presumably the long term plan is to be the...

523
00:30:21,380 --> 00:30:32,380
Any of these firms that are involved in this process, any of the stakeholders involved in the process, presumably, have clients who are big enough that want some exposure to digital assets.

524
00:30:32,380 --> 00:30:42,380
And they're going, okay, look, if we are the first to jump here and we take on a bit of risk and we just do something that actually doesn't really do much, it's technologically kind of naughty.

525
00:30:42,380 --> 00:30:48,380
But whatever, it gets us in the space. It gets us on a public blockchain.

526
00:30:48,380 --> 00:30:54,380
Then when we start being able to maybe suggest, oh, for high...

527
00:30:54,380 --> 00:30:55,380
What's it called?

528
00:30:55,380 --> 00:31:06,380
The accredited investors you have in the US, maybe in five years time, they get to go, oh, well, what if we could do certain types of DeFi on our funds, but only through accredited investors?

529
00:31:06,380 --> 00:31:13,380
Because the other thing that's obviously a part of this framework is KYC AML, right?

530
00:31:13,380 --> 00:31:15,380
Half the report is KYC AML.

531
00:31:15,380 --> 00:31:16,380
It's just like all of these firms...

532
00:31:16,380 --> 00:31:17,380
I'm sure it is.

533
00:31:17,380 --> 00:31:18,380
Yeah.

534
00:31:18,380 --> 00:31:20,380
All of these firms are already registered with the FCA.

535
00:31:20,380 --> 00:31:21,380
They already blah, blah, blah.

536
00:31:21,380 --> 00:31:22,380
I like it.

537
00:31:22,380 --> 00:31:23,380
It's that kind of stuff, right?

538
00:31:23,380 --> 00:31:24,380
Right.

539
00:31:24,380 --> 00:31:36,380
So, yeah, my guess is that it must be just a long-term play to try and be the first mover that gets to YOLO DeFi for very wealthy individuals and organizations.

540
00:31:36,380 --> 00:31:39,380
That seems like the only way it makes sense.

541
00:31:39,380 --> 00:31:42,380
Otherwise, why use a public blockchain, right?

542
00:31:42,380 --> 00:31:45,380
And also, why use Ethereum adjacent blockchains?

543
00:31:45,380 --> 00:31:46,380
Well, I mean, that would be the case.

544
00:31:46,380 --> 00:31:48,380
You could make that case for anything, but yeah, agreed.

545
00:31:48,380 --> 00:31:52,380
Well, one is YOLO on Aptos, where it's objectively faster.

546
00:31:52,380 --> 00:31:53,380
Right.

547
00:31:53,380 --> 00:31:54,380
Or, yeah.

548
00:31:54,380 --> 00:31:59,380
There's not a huge amount of transactions on Aptos at the moment, so there's no congestion for you to compete with.

549
00:31:59,380 --> 00:32:00,380
There you go.

550
00:32:00,380 --> 00:32:03,380
Always taking the positive side of things.

551
00:32:03,380 --> 00:32:05,380
No, I'm a glass half full kind of guy.

552
00:32:05,380 --> 00:32:08,380
Everybody is always so down on my wealthy.

553
00:32:08,380 --> 00:32:10,380
I'm just like...

554
00:32:10,380 --> 00:32:12,380
Chihuahua was wide open.

555
00:32:12,380 --> 00:32:21,380
Honestly, if I was the Aptos Foundation, what I'd be doing right now is I would be going to central banks and being like...

556
00:32:21,380 --> 00:32:22,380
Oh, they definitely are.

557
00:32:22,380 --> 00:32:27,380
Yeah, I would be going like, we can undercut this stuff.

558
00:32:27,380 --> 00:32:37,380
I'll put a link in the show notes, but there was just a medium post that came out from the Aptos team at the back end of our preview net two.

559
00:32:37,380 --> 00:32:40,380
And let me see if I can find it real quick.

560
00:32:40,380 --> 00:32:44,380
I wonder, maybe I'll try to quote it real quick.

561
00:32:44,380 --> 00:32:45,380
Oh, come on.

562
00:32:45,380 --> 00:32:46,380
Fucking history.

563
00:32:46,380 --> 00:32:48,380
We need the technical difficulties though.

564
00:32:48,380 --> 00:32:49,380
I can't find it, but...

565
00:32:49,380 --> 00:32:51,380
Yeah, anyway.

566
00:32:51,380 --> 00:32:52,380
But part of that in there...

567
00:32:52,380 --> 00:32:55,380
I don't know how you could find it like among all of your notes.

568
00:32:55,380 --> 00:33:01,380
I'm just going through the history, sometimes Chrome based tools.

569
00:33:01,380 --> 00:33:05,380
Let me see if I can find it where it says around credit.

570
00:33:05,380 --> 00:33:06,380
Nope, doesn't have it in there.

571
00:33:06,380 --> 00:33:11,380
There was somewhere in that either it's in the article or I'll link back to the Twitter stuff as well.

572
00:33:11,380 --> 00:33:20,380
But whenever TPS came up and the transaction per second is part of this, their yardstick was credit cards.

573
00:33:20,380 --> 00:33:23,380
So that always comes back.

574
00:33:23,380 --> 00:33:24,380
We've seen it before.

575
00:33:24,380 --> 00:33:41,380
It's not just Aptos, which is a good yardstick to use, but people say, okay, it's 30,000 transactions a second or we were sustaining 24,000 for today at these complicated transactions for 24 hours without issue and 2 billion transactions over two days or whatever the heck it was.

576
00:33:41,380 --> 00:33:43,380
And then that's a good number, but people can't relate to that.

577
00:33:43,380 --> 00:33:52,380
So what they do is they actually always relate back to credit and they say, well, all credit houses kind of average around 1,800 transactions a second.

578
00:33:52,380 --> 00:33:54,380
So we're already way more and blah, blah, blah, blah.

579
00:33:54,380 --> 00:34:05,380
So I guarantee chains like this, which they should be doing, absolutely should be doing, but they're probably doing a bit of a roadshow around some of these types of things and say, like, why this is better, right?

580
00:34:05,380 --> 00:34:06,380
Yes.

581
00:34:06,380 --> 00:34:18,380
So you're Postgres, your Postgres example is right, but like in the credit industry, when you have like multiple houses and you have all these delayed transactions and reversals and all this type of stuff, like the ledger there is good Lord.

582
00:34:18,380 --> 00:34:20,380
Like that's complicated shit, right?

583
00:34:20,380 --> 00:34:30,380
So it's a good use case if we can, if I assume I would assume these houses are already looking at it or they're running in house or something else doesn't mean it doesn't mean it's going to end up public.

584
00:34:30,380 --> 00:34:31,380
You would thought so.

585
00:34:31,380 --> 00:34:55,380
But then again, like also, I think that a lot of this is something I saw with some fintech providers in the UK and Cosmos during the bull market was that people came along to meetups and they were talking about doing in house projects and they definitely were working at fintech companies, right?

586
00:34:55,380 --> 00:34:56,380
Sure.

587
00:34:56,380 --> 00:35:01,380
And then there's more, more tradfi fintech companies, right?

588
00:35:01,380 --> 00:35:08,380
Those people have dropped off my radar and re-heard from people doing that sort of stuff since things have gone a bit south.

589
00:35:08,380 --> 00:35:19,380
I don't know if that's because those programs got canned because the market cooled or whether it is because, and again, I know I'm down on the Cosmos SDK, but I genuinely think there is a little bit of like, it is hard to work with.

590
00:35:19,380 --> 00:35:24,380
It is Byzantine, the amount of people you can find to professionals to work with you on it.

591
00:35:24,380 --> 00:35:32,380
But I think in terms of pure off the shelf, you could literally get running in five minutes, just as like a Hello World example.

592
00:35:32,380 --> 00:35:37,380
The Cosmos SDK was one of the best examples of that for doing like an in house Skunkworks project.

593
00:35:37,380 --> 00:35:46,380
So that was why I think I saw people doing that and I heard of people that I met people doing that with the Cosmos SDK, but I haven't heard much since.

594
00:35:46,380 --> 00:36:04,380
And so what I kind of wonder is for those, like, obviously I don't know about every ecosystem, but my perception is that there are very few very generalized, like off the shelf blockchains that you could do like a very minimal project with and then iterate forward.

595
00:36:04,380 --> 00:36:16,380
Because either blockchains are kind of proof of work or very special case or very minimal. They're literally just like a here's how babies first blockchain works, right? Just really, really simple blockchain.

596
00:36:16,380 --> 00:36:26,380
Or they're like, OK, well, it's a smart contract platform. And as soon as you have a smart contract platform with a VM, it's not always the case.

597
00:36:26,380 --> 00:36:44,380
But it's usually the case that the VM is very closely tied to how the blockchain works, because the types of transactions that you get going through your smart contract VM are obviously going to affect how you want to optimize the consensus engine, the storage engine, things like that, right?

598
00:36:44,380 --> 00:36:53,380
And that's what you see with APTAS, right? They aggressively optimize for those transactions and the use cases they think they're going to have like mints and whatnot.

599
00:36:53,380 --> 00:37:07,380
And the thing that you can't really do that in the same way in Cosmos without really kind of like deviating quite heavily from the base template of the SDK that everybody else is using.

600
00:37:07,380 --> 00:37:08,380
Sure.

601
00:37:08,380 --> 00:37:14,380
If not actually like starting to rewrite parts of the stack lower down, right?

602
00:37:14,380 --> 00:37:16,380
But they could.

603
00:37:16,380 --> 00:37:17,380
Yes.

604
00:37:17,380 --> 00:37:24,380
Right. I mean, like we talked about moving the base SDK over to Rust, right, which was a project that was happening.

605
00:37:24,380 --> 00:37:31,380
And like, I mean, this team has rewritten this consensus, I think like three times since we've been working on it.

606
00:37:31,380 --> 00:37:32,380
Yeah.

607
00:37:32,380 --> 00:37:35,380
They have a lot of money and they have.

608
00:37:35,380 --> 00:37:37,380
That's the difference, right?

609
00:37:37,380 --> 00:37:44,380
But they have tens of millions of dollars to throw at the problem and they demonstrably have experts who publish papers on this that.

610
00:37:44,380 --> 00:37:46,380
I think it's an expertise thing.

611
00:37:46,380 --> 00:37:48,380
That's like finding a role.

612
00:37:48,380 --> 00:37:57,380
But to give you a genuine, genuine, like obviously I know that there are the pockets of blockchain expertise in academia are like very spread out, right?

613
00:37:57,380 --> 00:38:01,380
Not everybody is on top of every single thing that's happening.

614
00:38:01,380 --> 00:38:14,380
Like some people have cryptographers, some people are consensus experts or distributed systems engineers or their physicists who like there's the paper that we were talking about with Schultz in the group earlier about approaching physical limits, right?

615
00:38:14,380 --> 00:38:18,380
And that's what I think is all about speed of light on distributed.

616
00:38:18,380 --> 00:38:22,380
And we've literally seen that over and over again in networks, right?

617
00:38:22,380 --> 00:38:24,380
Null runs into that problem all the time.

618
00:38:24,380 --> 00:38:28,380
So there's people who have like very, very specific expertise in very, very specific things.

619
00:38:28,380 --> 00:38:41,380
But it feels like there is especially on like the kind of consensus bit and then the smart contract bit and the move language.

620
00:38:41,380 --> 00:38:47,380
So there's three chunks all could be people who would never necessarily know what the others were working on.

621
00:38:47,380 --> 00:38:56,380
But they have experts in all of those fields who have done work that has led to SWE and Aptos.

622
00:38:56,380 --> 00:38:59,380
So on that level, I think they do have a technical advantage.

623
00:38:59,380 --> 00:39:10,380
It is my perception based on talking to real academics in the space and going like, oh, but you know about the implementation of this that's in Aptos in production right now.

624
00:39:10,380 --> 00:39:14,380
And people go like, I was aware of a paper, a working paper.

625
00:39:14,380 --> 00:39:15,380
Right.

626
00:39:15,380 --> 00:39:20,380
And you're like, oh, no, the working paper is now a published paper and it's now in production.

627
00:39:20,380 --> 00:39:24,380
And it's already gone through multiple revisions and test nets and this and that, right?

628
00:39:24,380 --> 00:39:25,380
Yeah.

629
00:39:25,380 --> 00:39:30,380
I don't know if that's a, I mean, we're on a way off topic, but I don't know if that's a, I don't know if that's so much.

630
00:39:30,380 --> 00:39:32,380
Is it cash or is it motivation?

631
00:39:32,380 --> 00:39:37,380
And it feels like, like that team that we work with in the Aptos side seems very focused.

632
00:39:37,380 --> 00:39:42,380
I know they clearly they're going after specific markets with that technology, right?

633
00:39:42,380 --> 00:39:52,380
And that might be led by investors, which they have a significant number of large, well-backed investors who are probably help guiding them around specific markets.

634
00:39:52,380 --> 00:39:54,380
Like I could see credit being one of those.

635
00:39:54,380 --> 00:39:59,380
I could see anything that has large transactional type structures to say, this is a better solution for that.

636
00:39:59,380 --> 00:40:00,380
It's more distributed.

637
00:40:00,380 --> 00:40:01,380
It's more blah, blah, blah, blah, right?

638
00:40:01,380 --> 00:40:21,380
And they would also have the ability to create opportunities to go change those markets with that technology, showing that it's proven, showing that it's tested and kind of building a roadmap of basically dominoes to knock down, trying to get to some sort of piece where this technology gets used for a global credit type system or a payment transaction or something else, right?

639
00:40:21,380 --> 00:40:23,380
That's used in those types of areas.

640
00:40:23,380 --> 00:40:32,380
Like on the in the Cosmos ecosystem, like we have a lot of use cases like that are kind of separate that are solving a small problem using that technology.

641
00:40:32,380 --> 00:40:40,380
But I don't know from maybe it's an ICF thing or maybe it's from an underlying technology that everybody uses is that same direction there.

642
00:40:40,380 --> 00:40:43,380
Like they're not trying to solve this 30,000 TPS problem.

643
00:40:43,380 --> 00:40:44,380
Like it's clear, right?

644
00:40:44,380 --> 00:40:46,380
Nobody has any interest in doing that because that's not maybe the focus.

645
00:40:46,380 --> 00:40:53,380
So is it just like, Hey, here's this thing we can go build some stuff and we can make it go a little bit faster if we want to.

646
00:40:53,380 --> 00:41:00,380
And we can't really push it too far, but it's really, but it's, but it's open and anybody can use it and it's, you know, extremely available to be able to use and extend what you've seen.

647
00:41:00,380 --> 00:41:04,380
And maybe that maybe that's enough, right?

648
00:41:04,380 --> 00:41:07,380
Which I guess has been for DYDX and say another.

649
00:41:07,380 --> 00:41:21,380
Yeah, I don't know. I mean, I think my hope my I could be wrong about this, but I think my hope my hot take purely from having been in the Ruby on Rails community in the 2000s would be that Ruby on Rails was a great technology.

650
00:41:21,380 --> 00:41:36,380
It really did like push forward web development and some important ways and the ergonomics of it being able to scaffold a simple application for most use cases inside of five minutes and then spend the rest of your life maintaining it in great amounts of pain and increasing pain over time.

651
00:41:36,380 --> 00:41:41,380
It sounds a lot like cosmos and the irony of cosmos right is that they said that it's the Ruby on Rails blockchains.

652
00:41:41,380 --> 00:41:54,380
What happened with Ruby on Rails, of course, is that the some of the smartest people in Ruby on Rails jumped into other ecosystems like closure, for example, full of Rails people when I first started working in Lisp.

653
00:41:54,380 --> 00:41:57,380
Node.js was full of Rails people.

654
00:41:57,380 --> 00:42:15,380
We're like, we've got to have a great build system. We've got to have great templating and ultimately other languages and other frameworks got more mind share and took those ideas further and into like look at Node.js now, like look at the isomorphic JavaScript and all of that stuff.

655
00:42:15,380 --> 00:42:40,380
I mean, like there was there were aspirationally people were trying to do that with Ruby in 2004 but couldn't obviously do the isomorphic front end stuff in the same way. Settled on coffee script instead, but a lot of those kind of a lot of the pain learned through that Ruby on Rails implementation path and the various versions of Rails and the Merb merge and all that kind of crazy stuff which only Ruby people will remember.

656
00:42:40,380 --> 00:42:53,380
Ultimately Ruby became a Ruby on Rails became a dead technology sometime in the mid 2010s. There are still obviously a lot of legacy sites built during it, but you wouldn't do it today, right?

657
00:42:53,380 --> 00:43:03,380
But it was a great technology while it lasted and it did so much to push the space forward. And like I think in some ways that the.

658
00:43:03,380 --> 00:43:12,380
I would agree 10 minutes of that case, right? It's not dead though. I mean, I wouldn't say that. Yeah, it's not that it's pushed that it's clearly pushed the space forward. Yeah. Yeah.

659
00:43:12,380 --> 00:43:30,380
Like I think the difficulty is that like without a core technical roadmap that is centralized that the word you're searching for open source. This is the thing open source projects need good core central vision. That's that is the reality.

660
00:43:30,380 --> 00:43:48,380
And I think the problem is we're too used to cosplaying decentralization in Cosmos at the expense of pragmatism. And one of the big learnings that teams will take away from the Cosmos is to work out when to spend your bickies on decentralization.

661
00:43:48,380 --> 00:44:00,380
And like, and I think all of us kind of have the view that if you're going to do decentralization, do it on the right thing and do it as actual decentralization, not decentralization theater would be a good learning.

662
00:44:00,380 --> 00:44:12,380
You know, for things like the actual investment structure, the roadmap, the vision, the adoption path, the business like development, all that kind of stuff. Yeah.

663
00:44:12,380 --> 00:44:29,380
Does anybody give a shit if that's centralized really? Not. I'm sure lots of people do. Yeah. I don't because I think the I think once it has a momentum of its own that might sort itself out and it will naturally spread out the mind share maybe.

664
00:44:29,380 --> 00:44:36,380
Yeah. I mean, look at Linux, right? You get lots of different distributions, you got lots of different opinions, it becomes an ecosystem happy days, right?

665
00:44:36,380 --> 00:44:56,380
The kernel, but the kernel to continue this nerdy relationship, the kernel is quite centralized from a leadership perspective. Like, he still drives direction on that kernel and they still control what goes in and what goes out, even though that's gotten obviously extremely large in terms of contributors and structure.

666
00:44:56,380 --> 00:45:09,380
That roadmap is still, I don't think it's centralized as it was, but it's still has a daddy, right? Yeah. And that daddy has a vision for where that goes and now obviously it's kind of achieved all its objectives.

667
00:45:09,380 --> 00:45:23,380
But in the early days, like you hear stories about how centralized that was in terms of like flat out rejecting change and fuck you, we're not doing this and those types of things, which I don't, which again, for the time and place it worked, right?

668
00:45:23,380 --> 00:45:36,380
I remember Git, the technology is named after Linus referring to his own management style, right? Is that right? Yeah, yeah, because his joke about Git was, I name all my projects after myself.

669
00:45:36,380 --> 00:45:47,380
Is that right? Yeah. I don't know that. There you go. There you go. It learned something today. All right, now, what were you going to talk about 20 minutes ago? Fuck you, fine, I can't remember.

670
00:45:47,380 --> 00:46:06,380
Did you solve Pego? No, did you get Pegoed? So actually, I was going to mention that for us Cosmos people, operationally, there is an improvement that is going to happen on the chain registry.

671
00:46:06,380 --> 00:46:24,380
Thanks to Shiltsy, they're going to add the fucking Go version so you can now implement that in your automation. That's all parts of Shiltsy's goal of never having Ansible variables associated any chain data in the repo.

672
00:46:24,380 --> 00:46:38,380
Cosmos.directory. It's a good goal. I like that goal. It's totally. Yeah, so now we can put a Go check at the start of every upgrade so we don't have to fucking initiate the upgrade twice every single time.

673
00:46:38,380 --> 00:46:46,380
He says, damn straight. That's my issue with that too, is because there's always like a little piece of information that's missing out of there.

674
00:46:46,380 --> 00:46:54,380
Even like even tool flags. It's always you try to do the upgrade, then you go back and you fucking install the right version of Go and then you do the upgrade again.

675
00:46:54,380 --> 00:47:04,380
So yeah, yeah, incredibly one that are lagging, which is a little bit annoying. Yeah, you're always going between like one, one, nine and like one, two, three.

676
00:47:04,380 --> 00:47:13,380
Yeah, yeah, that bounce between. Well, actually, I think we have ones in 1920 and 21 and some sort of thing. Crazy.

677
00:47:13,380 --> 00:47:23,380
Did you want to start on the news? Yeah, yeah. Yeah. No, do you want to join a shoot because there are a couple of pieces in that excited you?

678
00:47:23,380 --> 00:47:33,380
Yeah, I haven't read it. I've been completely distracted because the stuff you've been talking about was boring as fuck.

679
00:47:33,380 --> 00:47:41,380
Which one do you direct in interest me? I don't see any. Let's talk about row 18.

680
00:47:41,380 --> 00:47:45,380
You are heavy on your heavy investor in Coinbase is quite now.

681
00:47:45,380 --> 00:47:56,380
Coinbase is coin. Is that the USDC? No. What is coin? What is dollar sign coin? Is that is there a coin? A coin coin?

682
00:47:56,380 --> 00:48:02,380
Well, who knew? Imagine the dumbest thing you can imagine.

683
00:48:02,380 --> 00:48:13,380
And then down some more, baby. Okay, let's go. It's time to update the system. BlackRock. I mean, Coinbase is video. We're born into it.

684
00:48:13,380 --> 00:48:28,380
We work hard. Get good grades and go to college. Dead is good. Dead is so good. It's time to update the system with Coinbase. Buy coin.

685
00:48:28,380 --> 00:48:37,380
The video is absolutely cringe. It is the cringiest thing is unbelievable.

686
00:48:37,380 --> 00:48:48,380
Oh, yeah? Oh, yeah, yeah. If you look on Coinbase's Twitter, I post in the chat. It's, oh my God, it literally will hurt your retinas.

687
00:48:48,380 --> 00:48:57,380
Sound on as well for full cringe effect. Not right now, though. The references, please put it on.

688
00:48:57,380 --> 00:49:02,380
Devastating stuff. Yeah, I guess like, is this the link here?

689
00:49:02,380 --> 00:49:09,380
That is, in fact, the link. People on the Twitter accounts love it, though. The greatest ad of all time.

690
00:49:09,380 --> 00:49:17,380
No, you're mic is gone, you idiot.

691
00:49:17,380 --> 00:49:20,380
All right, I'll put that one in the show notes. It is.

692
00:49:20,380 --> 00:49:22,380
I take a massive amount of hands.

693
00:49:22,380 --> 00:49:31,380
It's something. Yeah. I don't know. It trips all of the worst cringe things, doesn't it?

694
00:49:31,380 --> 00:49:38,380
Because when it's a bunch of nerds who are trying to sell you something and that something is a risky asset on a blockchain, you're like, yeah, okay.

695
00:49:38,380 --> 00:49:46,380
You're like, the system, the system, the system. It's like, no, you're just trying to do first mover advantage on a last sucker, a last sucker Ponzi.

696
00:49:46,380 --> 00:49:56,380
You're not trying to change anything. You're just trying to get over the fact that we are at a stagnation of economic and social policy by enriching ourselves and then exiting, right?

697
00:49:56,380 --> 00:50:12,380
I've seen this script before. Don't play like you're the good guys. Very occasionally, you see an interesting idea in the space and you're like, okay, they might actually genuinely believe what they say and think it's a good thing and maybe it is actually a public good.

698
00:50:12,380 --> 00:50:23,380
But that's like 1%. And then the rest of them, when it's like category A and they're a massive company and they're backed by you just like, oh dear.

699
00:50:23,380 --> 00:50:32,380
It's like, you know, when you go to a nightclub and there's like somebody who's just like, you're just like, you're embarrassing yourself. You should go home. You've had one too many.

700
00:50:32,380 --> 00:50:43,380
But Ramas says his comment was, Coinbase seems very brave taking on the system after the lawsuit dropped. I agree with that too. Like, well, like, we got this far. Fuck it. Put this thing out. Yeah, exactly.

701
00:50:43,380 --> 00:50:49,380
We've had the lawsuit dropped. Let's see what's going to get sued again.

702
00:50:49,380 --> 00:50:51,380
I mean, any fucking thing.

703
00:50:51,380 --> 00:50:57,380
I'm now up to date and that was very cinematic.

704
00:50:57,380 --> 00:51:07,380
You look changed. You look transformed. You look ready to fight for the future.

705
00:51:07,380 --> 00:51:11,380
The future's fucked, apparently, according to Coinbase.

706
00:51:11,380 --> 00:51:12,380
It's fucked.

707
00:51:12,380 --> 00:51:18,380
It's fucked if you buy Coinbase's ICI.

708
00:51:18,380 --> 00:51:20,380
Oh, I love their cringe comments as well.

709
00:51:20,380 --> 00:51:22,380
I know they're all so positive.

710
00:51:22,380 --> 00:51:24,380
Incredible.

711
00:51:24,380 --> 00:51:26,380
Well done.

712
00:51:26,380 --> 00:51:29,380
At least they did admit that they're biased.

713
00:51:29,380 --> 00:51:31,380
Yeah. Do you know what? It's back to the thing that Ramas said.

714
00:51:31,380 --> 00:51:40,380
Like, if you accept that Crypto is just like about forgetting the day job, having a bit of a YOLO, mucking around, which I think it is for most people. That's fine.

715
00:51:40,380 --> 00:51:42,380
That's not that.

716
00:51:42,380 --> 00:51:47,380
But yeah, this ad is like, it's just such hope here, isn't it? You're just like, look.

717
00:51:47,380 --> 00:51:49,380
Put it in the Super Bowl.

718
00:51:49,380 --> 00:51:56,380
Yeah, exactly. The answers to life and all that other stuff are really boring.

719
00:51:56,380 --> 00:52:06,380
It's work hard. Pick a career where it's not the most interesting thing, but it is well paid and you can achieve mastery and then get better paid.

720
00:52:06,380 --> 00:52:14,380
And then just grind that fucking thing and save 30% of your salary and put it into things that appreciate your compound interest.

721
00:52:14,380 --> 00:52:16,380
That's how it works.

722
00:52:16,380 --> 00:52:19,380
Not hard. That's how pension funds work, right?

723
00:52:19,380 --> 00:52:21,380
I guarantee this ad actually will be in the Super Bowl.

724
00:52:21,380 --> 00:52:26,380
Now that I'm looking at the way it's shot and like the cinematography of it and everything else, yeah, this is headed that way.

725
00:52:26,380 --> 00:52:28,380
Oh, my God.

726
00:52:28,380 --> 00:52:33,380
This is why people hate people in Cryptos. Why people hate us is why we can't say what we do for a living.

727
00:52:33,380 --> 00:52:36,380
That and there's no more celebrity sponsorships of crypto section.

728
00:52:36,380 --> 00:52:40,380
Those days are, nobody's stepping up in that anymore.

729
00:52:40,380 --> 00:52:43,380
Not that somebody else has got picked up, right?

730
00:52:43,380 --> 00:52:47,380
What celebrity would front this, do you reckon?

731
00:52:47,380 --> 00:52:48,380
I know.

732
00:52:48,380 --> 00:52:49,380
So cringe, isn't it?

733
00:52:49,380 --> 00:52:51,380
It's like Helen Mirren's fame.

734
00:52:51,380 --> 00:52:58,380
This video cost the entire fucking like, like no budget for King Nodes for the whole year.

735
00:52:58,380 --> 00:53:00,380
Do you know what this video is like?

736
00:53:00,380 --> 00:53:10,380
This video is like, you know, if there was like a celebrity endorsement of it and then somebody called them out on it, they'd be like, if you were paid to do this, you would have said yes too.

737
00:53:10,380 --> 00:53:13,380
That would be the only explanation. 100%.

738
00:53:13,380 --> 00:53:15,380
Get like, get a little bit through to do it.

739
00:53:15,380 --> 00:53:17,380
Something like that.

740
00:53:17,380 --> 00:53:18,380
Perfect.

741
00:53:18,380 --> 00:53:25,380
Is at this point, I was noticing some hostility towards myself from the Koi base executive and it's like, ask more questions about their investments.

742
00:53:25,380 --> 00:53:28,380
It's funny. Too funny.

743
00:53:28,380 --> 00:53:29,380
Yeah, I don't know.

744
00:53:29,380 --> 00:53:31,380
It's so fucking blow hard.

745
00:53:31,380 --> 00:53:32,380
They are.

746
00:53:32,380 --> 00:53:34,380
Which agency did this?

747
00:53:34,380 --> 00:53:37,380
And it's weird that in the Koi places, respond to every one of those.

748
00:53:37,380 --> 00:53:39,380
Like, they're all over it.

749
00:53:39,380 --> 00:53:41,380
They're all over it.

750
00:53:41,380 --> 00:53:43,380
Let's see what else.

751
00:53:43,380 --> 00:53:45,380
Give this to your raise please.

752
00:53:45,380 --> 00:53:47,380
Yeah.

753
00:53:47,380 --> 00:53:53,380
So I think last week, I'll pick up another piece of news while you read those comments and enjoy your snack.

754
00:53:53,380 --> 00:53:55,380
It's breakfast time.

755
00:53:55,380 --> 00:54:14,380
I think per us calling it out, was it last week or the week before related to some of the notional excitement, but a proposal number 104 on the Cosmos Hub has been put forward to yes clawback 120,000 Adam left in the vesting wallet.

756
00:54:14,380 --> 00:54:16,380
I think that's what it is, right?

757
00:54:16,380 --> 00:54:18,380
No, there was 120,000 originally.

758
00:54:18,380 --> 00:54:21,380
There's 90,000 left that are locked and vesting.

759
00:54:21,380 --> 00:54:23,380
And I think the idea is being to pull all this back.

760
00:54:23,380 --> 00:54:26,380
What do you think the likelihood of that going ahead is?

761
00:54:26,380 --> 00:54:28,380
I don't think it'll happen.

762
00:54:28,380 --> 00:54:30,380
Are they still meeting their obligations?

763
00:54:30,380 --> 00:54:32,380
They put out their report, man.

764
00:54:32,380 --> 00:54:34,380
Don't have done the report.

765
00:54:34,380 --> 00:54:44,380
Don't put. I mean, does that matter? Does the contract make any difference? Does the promises made or not made make any difference in this?

766
00:54:44,380 --> 00:54:47,380
And logic both stand in the same room.

767
00:54:47,380 --> 00:54:51,380
Oh, man.

768
00:54:51,380 --> 00:55:00,380
Well, the paper I'm writing at the moment is is infinitely improved in its central thesis by this new development.

769
00:55:00,380 --> 00:55:03,380
Let me just tell you, it's amazing.

770
00:55:03,380 --> 00:55:08,380
It's just just when you're like you're researching all the times that stuff like this is happening crypto.

771
00:55:08,380 --> 00:55:11,380
And you're like, wow, it seems really confined to Cosmos.

772
00:55:11,380 --> 00:55:14,380
I wonder if it's going to happen again sometime soon.

773
00:55:14,380 --> 00:55:19,380
And you're like, bam, just when we're at the pre draft stage.

774
00:55:19,380 --> 00:55:23,380
I'll probably get some comment come back for for chuckling at that.

775
00:55:23,380 --> 00:55:24,380
Zach, you comment on here.

776
00:55:24,380 --> 00:55:28,380
I think the appropriate thing to do is claw back the funds and have notional or successor proposal.

777
00:55:28,380 --> 00:55:34,380
We should develop a new account type with native clawbacks comparisons to prop 16.

778
00:55:34,380 --> 00:55:39,380
Why am I getting buzzed now on my fucking microphone comparisons to prop 16 are inappropriate.

779
00:55:39,380 --> 00:55:43,380
The community fund proposal contemplates a clawback for dispute resolution.

780
00:55:43,380 --> 00:55:45,380
And this seems to be required in the setting.

781
00:55:45,380 --> 00:55:59,380
Can I point out the obvious to Zach here, which is that now already does this and they should just put next time just fucking put that money into Dow Dow on Osmosis or Juno.

782
00:55:59,380 --> 00:56:07,380
They could just cancel the vesting or even pause the vesting rather than canceling if there was a dispute in flight.

783
00:56:07,380 --> 00:56:08,380
Why?

784
00:56:08,380 --> 00:56:12,380
Why bring in let's just use this the straight governance proposal structure that we have.

785
00:56:12,380 --> 00:56:15,380
It's extremely limited with yes, no, whatever.

786
00:56:15,380 --> 00:56:29,380
And then we can implement an entirely new account transaction type with all of the scaffolding, bike shedding and you know, merge hell that that involves to get through that one type.

787
00:56:29,380 --> 00:56:31,380
That would be fucking cool.

788
00:56:31,380 --> 00:56:32,380
That would be great.

789
00:56:32,380 --> 00:56:33,380
Let's do that.

790
00:56:33,380 --> 00:56:34,380
Exactly.

791
00:56:34,380 --> 00:56:37,380
So yeah, anyway, I don't know why they're not just using Dow Dow.

792
00:56:37,380 --> 00:56:38,380
They should use Dow Dow.

793
00:56:38,380 --> 00:56:40,380
But I guess it didn't exist at the time.

794
00:56:40,380 --> 00:56:42,380
But I don't know if it would matter with it.

795
00:56:42,380 --> 00:56:44,380
Well, no, it did fucking exist.

796
00:56:44,380 --> 00:56:45,380
No, whatever, man.

797
00:56:45,380 --> 00:56:47,380
They just yeah, whatever.

798
00:56:47,380 --> 00:56:49,380
The hub going to be the hub.

799
00:56:49,380 --> 00:56:51,380
They're going to do hub things.

800
00:56:51,380 --> 00:56:53,380
This is going to be a hub thing.

801
00:56:53,380 --> 00:56:54,380
They're going to do hub things.

802
00:56:54,380 --> 00:56:55,380
This is an amazing hub thing.

803
00:56:55,380 --> 00:56:57,380
Not our fault.

804
00:56:57,380 --> 00:57:03,380
So I had to watch that Coinbase thing again and it's just regretted.

805
00:57:03,380 --> 00:57:04,380
You watched it again.

806
00:57:04,380 --> 00:57:05,380
Is that what you said?

807
00:57:05,380 --> 00:57:11,380
Like it is like it is it is almost like the room level bad, you know, it's almost like,

808
00:57:11,380 --> 00:57:12,380
you know, bad good.

809
00:57:12,380 --> 00:57:14,380
It's so but I think it might be bad.

810
00:57:14,380 --> 00:57:15,380
I think it's just bad.

811
00:57:15,380 --> 00:57:16,380
I think it's just cringe.

812
00:57:16,380 --> 00:57:17,380
I don't think it's bad good.

813
00:57:17,380 --> 00:57:18,380
It's just bad.

814
00:57:18,380 --> 00:57:24,380
Oh, just every bit of it you just like I'm being taught down to my intelligence is being

815
00:57:24,380 --> 00:57:32,380
insulted and and and of all people I won't be taught down to by Coinbase because you people

816
00:57:32,380 --> 00:57:35,380
are fucking stupid.

817
00:57:35,380 --> 00:57:40,380
Oh, yeah, actually, you know, I actually made me the first time I watched it I cringe.

818
00:57:40,380 --> 00:57:43,380
I think this time it just pissed me off.

819
00:57:43,380 --> 00:57:45,380
This is yeah.

820
00:57:45,380 --> 00:57:47,380
Anyway, it's bad.

821
00:57:47,380 --> 00:57:51,380
Anyway, so clawback happy days all fun and games.

822
00:57:51,380 --> 00:57:55,380
So it's released the hounds, right?

823
00:57:55,380 --> 00:57:57,380
This is not prop 16.

824
00:57:57,380 --> 00:57:59,380
It's not a tumor.

825
00:57:59,380 --> 00:58:01,380
It's not a tumor.

826
00:58:01,380 --> 00:58:05,380
This is a different type of changing the changing the blockchain.

827
00:58:05,380 --> 00:58:08,380
This is a different type of changing the blockchain.

828
00:58:08,380 --> 00:58:11,380
Same end result but totally different.

829
00:58:11,380 --> 00:58:16,380
Totally different is this one can be done automatically via governance proposal without

830
00:58:16,380 --> 00:58:17,380
any custom cut.

831
00:58:17,380 --> 00:58:18,380
Oh wait.

832
00:58:18,380 --> 00:58:19,380
Oh wait.

833
00:58:19,380 --> 00:58:23,380
No, no, it is the council of method in contract, which is actually not trivial.

834
00:58:23,380 --> 00:58:25,380
Okay, cool.

835
00:58:25,380 --> 00:58:26,380
Great.

836
00:58:26,380 --> 00:58:28,380
So all fun and games.

837
00:58:28,380 --> 00:58:29,380
Yep.

838
00:58:29,380 --> 00:58:32,380
Yeah, I love it.

839
00:58:32,380 --> 00:58:38,380
Just which if we learn from any of our mistakes, that would be fantastic, but we obviously choose not to.

840
00:58:38,380 --> 00:58:40,380
So where is the fun in that my boy?

841
00:58:40,380 --> 00:58:44,380
Nah, fuck all that.

842
00:58:44,380 --> 00:58:47,380
Anything else in the news you want to talk about?

843
00:58:47,380 --> 00:58:49,380
Where is the news?

844
00:58:49,380 --> 00:58:50,380
That's a good start.

845
00:58:50,380 --> 00:58:51,380
That's perfect.

846
00:58:51,380 --> 00:58:52,380
Where is that tab?

847
00:58:52,380 --> 00:58:54,380
We have that tab in other news.

848
00:58:54,380 --> 00:58:56,380
We are live.

849
00:58:56,380 --> 00:58:57,380
Well, we're not live.

850
00:58:57,380 --> 00:59:00,380
We're hosted on OmniFlix TV.

851
00:59:00,380 --> 00:59:02,380
So omniFlix.tv.

852
00:59:02,380 --> 00:59:04,380
There is a game of notes channel.

853
00:59:04,380 --> 00:59:07,380
There is 10, 12 episodes up there so far.

854
00:59:07,380 --> 00:59:10,380
We're going to pump up all the back catalog.

855
00:59:10,380 --> 00:59:18,380
We've been talking a lot with the OmniFlix team related to just some of our challenges, feedback,

856
00:59:18,380 --> 00:59:22,380
feedback related to kind of just the structure of it.

857
00:59:22,380 --> 00:59:27,380
So we will have 91 episodes up there this week, which is pretty cool.

858
00:59:27,380 --> 00:59:30,380
I was telling you can make a donation.

859
00:59:30,380 --> 00:59:31,380
You can.

860
00:59:31,380 --> 00:59:33,380
You can pump some flicks towards us.

861
00:59:33,380 --> 00:59:35,380
Yeah, to the pay Rama fund.

862
00:59:35,380 --> 00:59:39,380
Actually, I think, yeah, actually, yeah, maybe, maybe that's a good idea.

863
00:59:39,380 --> 00:59:40,380
So those will be up there.

864
00:59:40,380 --> 00:59:41,380
We'll put those links.

865
00:59:41,380 --> 00:59:46,380
We'll start including those links in the, in probably the podcast link and maybe in Twitter and things like that,

866
00:59:46,380 --> 00:59:49,380
because it can go directly down to the, to the episode.

867
00:59:49,380 --> 00:59:50,380
And we have some feedback.

868
00:59:50,380 --> 00:59:57,380
Again, like I said, we have some feedback related to just the structure of it and some of the items related to having to do polls and,

869
00:59:57,380 --> 01:00:04,380
and kind of the order of channels and how to structure this and just making it more user friendly, which I really want to be able to do.

870
01:00:04,380 --> 01:00:09,380
So, which are right now, I think it's, it's, it, it has some areas to be able to grow.

871
01:00:09,380 --> 01:00:11,380
But again, it's doing pretty good.

872
01:00:11,380 --> 01:00:17,380
So the, I mean, these, these gems will be all stored it and saved within IPFS.

873
01:00:17,380 --> 01:00:18,380
We're going to add that.

874
01:00:18,380 --> 01:00:21,380
We have some IPFS nodes, I'm going to start pinning these collections as well.

875
01:00:21,380 --> 01:00:24,380
So we have another copy of them just in case, but they're not, it's not a big deal.

876
01:00:24,380 --> 01:00:27,380
And, and yeah, so it's, it's kind of cool.

877
01:00:27,380 --> 01:00:29,380
I think we were joking.

878
01:00:29,380 --> 01:00:36,380
I think right now in total interactive videos and omniflix TV, there is 277 of which 10 of ours are now are ours.

879
01:00:36,380 --> 01:00:42,380
I think I did the math and at some point, gaming nodes will be 25.2% of omniflix TV.

880
01:00:42,380 --> 01:00:46,380
So we're obviously going to push towards total domination.

881
01:00:46,380 --> 01:00:48,380
33.6, right?

882
01:00:48,380 --> 01:00:50,380
As soon as we 33.4, so we get to that.

883
01:00:50,380 --> 01:00:52,380
So we're going to push for a name change.

884
01:00:52,380 --> 01:00:53,380
Yeah.

885
01:00:53,380 --> 01:00:55,380
This is great.

886
01:00:55,380 --> 01:00:56,380
God.TV.

887
01:00:56,380 --> 01:00:57,380
We'll see what happens.

888
01:00:57,380 --> 01:00:59,380
That's not what we're coming for you.

889
01:00:59,380 --> 01:01:01,380
So yeah, we want the flip.

890
01:01:01,380 --> 01:01:03,380
I was about to say we want the dog.

891
01:01:03,380 --> 01:01:13,380
And then I was like, I have no idea what reference for my deepest subconscious that's, that is whoever, whoever can remember what film that's from.

892
01:01:13,380 --> 01:01:15,380
I do anyway.

893
01:01:15,380 --> 01:01:26,380
I noticed it also in this list, like, as Null always points out, we're right next to a bunch of channels with busty chicks.

894
01:01:26,380 --> 01:01:32,380
So we're right through NFT location because there's always NFTs of busty chicks.

895
01:01:32,380 --> 01:01:33,380
So there we are.

896
01:01:33,380 --> 01:01:34,380
We're all in there.

897
01:01:34,380 --> 01:01:36,380
I mean, it's a good trend.

898
01:01:36,380 --> 01:01:37,380
You know,

899
01:01:37,380 --> 01:01:40,380
Romney says speaking with someone execute the proposal.

900
01:01:40,380 --> 01:01:41,380
Geez.

901
01:01:41,380 --> 01:01:44,380
Oh, shit.

902
01:01:44,380 --> 01:01:48,380
Is that still the way I like last month's pay?

903
01:01:48,380 --> 01:01:50,380
I feel like I did pass.

904
01:01:50,380 --> 01:01:51,380
We just didn't send it.

905
01:01:51,380 --> 01:01:54,380
I voted out, but maybe it didn't end yet.

906
01:01:54,380 --> 01:01:56,380
Or I don't know.

907
01:01:56,380 --> 01:01:58,380
Honestly, it's not how my party looks.

908
01:01:58,380 --> 01:02:02,380
I'm sure I executed it, but maybe I didn't because I'm an fucking idiot.

909
01:02:02,380 --> 01:02:04,380
I'll take the book.

910
01:02:04,380 --> 01:02:08,380
Gentle reminder, the dows tapped out.

911
01:02:08,380 --> 01:02:09,380
Yeah, I know.

912
01:02:09,380 --> 01:02:10,380
I think that was it.

913
01:02:10,380 --> 01:02:12,380
I know one last hurrah.

914
01:02:12,380 --> 01:02:13,380
No pay next month.

915
01:02:13,380 --> 01:02:14,380
Okay.

916
01:02:14,380 --> 01:02:15,380
Good thing.

917
01:02:15,380 --> 01:02:19,380
I got that 30 specifically put funds aside to top it up.

918
01:02:19,380 --> 01:02:26,380
I specifically converted everything into fiat just so I could be like, yeah, I got none.

919
01:02:26,380 --> 01:02:29,380
Yeah, everything we hear is shoved into dydx.

920
01:02:29,380 --> 01:02:36,380
I mean, if Rama could wait until I finish my PhD and implement a CBDC, then, you know,

921
01:02:36,380 --> 01:02:40,380
it'd be even easier, even easier to get paid.

922
01:02:40,380 --> 01:02:46,380
I do feel like quite the bag holder usurper, quite the bag holder of dydx.

923
01:02:46,380 --> 01:02:49,380
I mean, we're right outside that set.

924
01:02:49,380 --> 01:02:53,380
And I just keep looking at it like, like this is the longest we've been out of this set.

925
01:02:53,380 --> 01:02:55,380
I think it died out Monday or Sunday or something.

926
01:02:55,380 --> 01:02:57,380
So it's been a few days.

927
01:02:57,380 --> 01:02:59,380
Have you seen the latest?

928
01:02:59,380 --> 01:03:01,380
What's, yeah.

929
01:03:01,380 --> 01:03:04,380
68% now in the top three.

930
01:03:04,380 --> 01:03:08,380
Two of those are virtually a non validators.

931
01:03:08,380 --> 01:03:14,380
The top validator has 100% commission.

932
01:03:14,380 --> 01:03:18,380
Very, very fucking confusing behavior on that chain.

933
01:03:18,380 --> 01:03:20,380
Yeah, it's a bit shady.

934
01:03:20,380 --> 01:03:26,380
The second validator X machiner has 25% commission.

935
01:03:26,380 --> 01:03:31,380
Is the third one 100% to our course ones for I think something like that.

936
01:03:31,380 --> 01:03:32,380
Course is three.

937
01:03:32,380 --> 01:03:33,380
Of course.

938
01:03:33,380 --> 01:03:35,380
Figment is four.

939
01:03:35,380 --> 01:03:41,380
But like the number one has 9.5 million tokens.

940
01:03:41,380 --> 01:03:42,380
Yeah.

941
01:03:42,380 --> 01:03:45,380
Yeah, I reached out to the foundation commission.

942
01:03:45,380 --> 01:03:46,380
I mean, we've been talking to them.

943
01:03:46,380 --> 01:03:51,380
We talked to members foundation for six months and and like just brought up.

944
01:03:51,380 --> 01:03:59,380
We talked about a lot of these types of issues early on, like just poor VP structures and like this, the concern related to this.

945
01:03:59,380 --> 01:04:04,380
And like how chains can halt and the governance aspect of things and like, you know, how, how even like a high VP,

946
01:04:04,380 --> 01:04:14,380
makes the rest of the validator set basically miss blocks because they're so, they're so geographically far from the VP that if they're not in the right region,

947
01:04:14,380 --> 01:04:16,380
then they're just going to keep missing, missing and then never sign.

948
01:04:16,380 --> 01:04:17,380
Right.

949
01:04:17,380 --> 01:04:18,380
We've had that issue before as well.

950
01:04:18,380 --> 01:04:23,380
And well, we haven't had this issue, but obviously changed about this issue.

951
01:04:23,380 --> 01:04:31,380
And so the foundation said they're, you know, they're still talking to strive, but there's not enough history to understand how stride how that team is not just right,

952
01:04:31,380 --> 01:04:35,380
but how that team wants to identify what validators and how they're going to do that.

953
01:04:35,380 --> 01:04:37,380
And if they're going to do that in some sort of liquid staking structure.

954
01:04:37,380 --> 01:04:43,380
And number two, there's also talk about expanding the set, but expanding the set helps us out because we're at least we're putting D.

955
01:04:43,380 --> 01:04:44,380
Towards the validator.

956
01:04:44,380 --> 01:04:48,380
It's actually signing blocks, but it doesn't change the situation in any way.

957
01:04:48,380 --> 01:04:49,380
Just doesn't do anything.

958
01:04:49,380 --> 01:04:51,380
I can't do anything for the network health.

959
01:04:51,380 --> 01:04:53,380
Like it does jack shit for the network health.

960
01:04:53,380 --> 01:05:00,380
So yeah, I mean, it's like all this theater every time, like fucking, but this is pretty bad though.

961
01:05:00,380 --> 01:05:04,380
Compared to like three is like, this is, this is the worst.

962
01:05:04,380 --> 01:05:10,380
I think I've seen in a small validator set, right?

963
01:05:10,380 --> 01:05:22,380
In terms of VP structure on very shady or not necessarily shady and say that unknown anonymous, no history type validators, right?

964
01:05:22,380 --> 01:05:23,380
No cost of history.

965
01:05:23,380 --> 01:05:24,380
Yeah.

966
01:05:24,380 --> 01:05:28,380
So, so I don't know, whatever.

967
01:05:28,380 --> 01:05:31,380
Yeah. And I think the, the, Roma has another good point here.

968
01:05:31,380 --> 01:05:32,380
He says, D.

969
01:05:32,380 --> 01:05:34,380
If you won't do shit about it because it's not run by us.

970
01:05:34,380 --> 01:05:39,380
And we were joking about that as well on a tweet that came out from the D.

971
01:05:39,380 --> 01:05:40,380
Team earlier.

972
01:05:40,380 --> 01:05:43,380
Well, they made that very clear with their tweeters.

973
01:05:43,380 --> 01:05:47,380
They make that over and overly clear every time.

974
01:05:47,380 --> 01:05:49,380
First comment on every post.

975
01:05:49,380 --> 01:05:50,380
We ain't running shit.

976
01:05:50,380 --> 01:05:53,380
This is.

977
01:05:53,380 --> 01:05:54,380
We just, we just got here.

978
01:05:54,380 --> 01:05:56,380
You're talking about.

979
01:05:56,380 --> 01:05:57,380
Yeah.

980
01:05:57,380 --> 01:05:58,380
What's D.

981
01:05:58,380 --> 01:05:59,380
Y.

982
01:05:59,380 --> 01:06:00,380
X.

983
01:06:00,380 --> 01:06:01,380
Man.

984
01:06:01,380 --> 01:06:03,380
I don't know what you're talking about.

985
01:06:03,380 --> 01:06:04,380
We heard of it.

986
01:06:04,380 --> 01:06:05,380
Yeah.

987
01:06:05,380 --> 01:06:09,380
So there's a, is that that decentralized thing on the internet?

988
01:06:09,380 --> 01:06:12,380
What's a validator?

989
01:06:12,380 --> 01:06:13,380
Yeah.

990
01:06:13,380 --> 01:06:15,380
They stay away from that a good amount.

991
01:06:15,380 --> 01:06:17,380
I'm trying to find the tweet related to that.

992
01:06:17,380 --> 01:06:19,380
If I can find it, I'll put it up real quick.

993
01:06:19,380 --> 01:06:26,380
But yeah, it's, yeah, they, they really, they really try to back the back away from that for sure.

994
01:06:26,380 --> 01:06:29,380
So I may, maybe it'll be fine.

995
01:06:29,380 --> 01:06:38,380
I, I, this was like this from the very beginning, but I actually thought that that wouldn't last as long in terms of from, from launch and from the point of.

996
01:06:38,380 --> 01:06:44,380
Of these items coming together or the chain launching everything else associated to that.

997
01:06:44,380 --> 01:06:47,380
That we'd have a validator set like this.

998
01:06:47,380 --> 01:06:50,380
Like it's just, I think it's an extremely unhealthy set.

999
01:06:50,380 --> 01:06:52,380
And it's not really representation.

1000
01:06:52,380 --> 01:06:54,380
Like it's, it's not healthy at all.

1001
01:06:54,380 --> 01:07:02,380
It'll improve, I think at least Santorini, whoever that is is tapped out in tokens.

1002
01:07:02,380 --> 01:07:04,380
Now they've got all of their shit staked.

1003
01:07:04,380 --> 01:07:07,380
So they did it over time.

1004
01:07:07,380 --> 01:07:16,380
I think so that they didn't have a super majority of the network by the looks of it, but they've just staked the rest of their stuff.

1005
01:07:16,380 --> 01:07:23,380
So I guess over time, like it's only a very small percentage of the total tokens is staked anyways, like less than 5%.

1006
01:07:23,380 --> 01:07:26,380
I think it's like three, three point something percent.

1007
01:07:26,380 --> 01:07:28,380
So I don't know.

1008
01:07:28,380 --> 01:07:31,380
Hopefully as more people bring their tokens across, they will look down the listing.

1009
01:07:31,380 --> 01:07:33,380
Yeah.

1010
01:07:33,380 --> 01:07:35,380
Put some stuff low a bit.

1011
01:07:35,380 --> 01:07:39,380
That hasn't proved true so far, but yeah, maybe who knows.

1012
01:07:39,380 --> 01:07:42,380
Hanging in there is the hard part.

1013
01:07:42,380 --> 01:07:50,380
Yeah, we have, we luckily have received two, you know, relatively sizable.

1014
01:07:50,380 --> 01:07:51,380
You just got a big one yesterday.

1015
01:07:51,380 --> 01:07:53,380
The day before I thought.

1016
01:07:53,380 --> 01:07:56,380
Yeah, we got like a 42,000 and a 25,000 now.

1017
01:07:56,380 --> 01:07:59,380
So that's sort of kept us up in the top half at least.

1018
01:07:59,380 --> 01:08:01,380
Do you know who that is?

1019
01:08:01,380 --> 01:08:05,380
No, just someone who likes the look of the cut of my jib.

1020
01:08:05,380 --> 01:08:07,380
Just being in the right spot.

1021
01:08:07,380 --> 01:08:11,380
Yeah, you know, it's the orange stands out.

1022
01:08:11,380 --> 01:08:12,380
What orange?

1023
01:08:12,380 --> 01:08:13,380
In my logo.

1024
01:08:13,380 --> 01:08:15,380
It's like a yellowy orange.

1025
01:08:15,380 --> 01:08:16,380
That's gold.

1026
01:08:16,380 --> 01:08:17,380
Is that what you mean?

1027
01:08:17,380 --> 01:08:18,380
Color gold?

1028
01:08:18,380 --> 01:08:20,380
Yeah, that color, that gold color.

1029
01:08:20,380 --> 01:08:22,380
The yellowy orange.

1030
01:08:22,380 --> 01:08:24,380
Really slaps you in the face.

1031
01:08:24,380 --> 01:08:27,380
Sorry, I didn't know.

1032
01:08:27,380 --> 01:08:30,380
I didn't know gold was on the color swatch.

1033
01:08:30,380 --> 01:08:34,380
You know what, I just do it.

1034
01:08:34,380 --> 01:08:39,380
You've been watching a friend of the show and who's been on before is Greg Washuri.

1035
01:08:39,380 --> 01:08:45,380
I've been watching his Twitter like a cautious actually the USD spend is like going nuts lately because watch that.

1036
01:08:45,380 --> 01:08:47,380
No, like the revenue numbers.

1037
01:08:47,380 --> 01:08:52,380
I mean, it's always been like a couple hundred bucks a day type of idea, I think.

1038
01:08:52,380 --> 01:08:57,380
And just recently, it's I think maybe out of his GPU related or maybe they got some big customers in there.

1039
01:08:57,380 --> 01:08:58,380
It's the container side.

1040
01:08:58,380 --> 01:09:02,380
I'm not sure what it is, but now it's it's like 10 Xing in the last couple of days.

1041
01:09:02,380 --> 01:09:09,380
So maybe, I mean, they're very focused on what the daily numbers are, which I don't think is very interesting to be more interesting to see month over month or year over year.

1042
01:09:09,380 --> 01:09:13,380
But but but there's a there's a there's a big revenue.

1043
01:09:13,380 --> 01:09:14,380
Not a big.

1044
01:09:14,380 --> 01:09:18,380
I mean, I mean, $2,500 a day is 70 grand a month.

1045
01:09:18,380 --> 01:09:21,380
That's not like it's not significant in any sort of way.

1046
01:09:21,380 --> 01:09:24,380
But but but still like it's it's something that is going the right direction.

1047
01:09:24,380 --> 01:09:26,380
Yeah, it's absolutely right direction.

1048
01:09:26,380 --> 01:09:27,380
Yeah, for sure.

1049
01:09:27,380 --> 01:09:32,380
I mean, they kept working all through the the bear market like they implemented the GPU stuff.

1050
01:09:32,380 --> 01:09:34,380
And I think, you know, AI is big.

1051
01:09:34,380 --> 01:09:36,380
That'll pay off eventually.

1052
01:09:36,380 --> 01:09:43,380
But you know, I just I hope that they've made and I haven't used a cash in a while, but I hope that they've made improvements in like the usability.

1053
01:09:43,380 --> 01:09:53,380
Of it and the cost because, you know, previously it was it was getting to a point where it was like a similar cost to getting something that was a little easier to use.

1054
01:09:53,380 --> 01:09:54,380
You know what I mean?

1055
01:09:54,380 --> 01:09:58,380
I was I thought it was we know I think Fred did some work on this too early on.

1056
01:09:58,380 --> 01:10:02,380
I think we were we were determining it was like way more expensive actually, right?

1057
01:10:02,380 --> 01:10:04,380
A cash.

1058
01:10:04,380 --> 01:10:05,380
Yeah.

1059
01:10:05,380 --> 01:10:18,380
And so it was essentially the price of running on AWS except that your node would be down.

1060
01:10:18,380 --> 01:10:26,380
Except it wouldn't be working except that you'd be paying Amazon prices for something that was not working.

1061
01:10:26,380 --> 01:10:27,380
Yeah.

1062
01:10:27,380 --> 01:10:34,380
That they mean and that but that was to be fair and tell them the bull market so prices for everything were a lot higher.

1063
01:10:34,380 --> 01:10:42,380
But because of dynamic pricing, you would expect on the cash marketplace that still to be relatively expensive.

1064
01:10:42,380 --> 01:11:01,380
Now, we talked about this at the time, like because we were various of folks that we know, including us, including, I believe, short C, maybe polka and others were were approached about running providers and running an exchange for validator delegations from the foundation and whatnot.

1065
01:11:01,380 --> 01:11:11,380
But the running providers and becoming a hosting company is you don't want to go there from a regular true perspective.

1066
01:11:11,380 --> 01:11:15,380
It's not worth it unless there's a lot of money on the table.

1067
01:11:15,380 --> 01:11:17,380
There is not a lot of money on the table.

1068
01:11:17,380 --> 01:11:21,380
So that was I think that was in essence the problem there, right?

1069
01:11:21,380 --> 01:11:37,380
If you are an infrastructure provider large enough to be a good infrastructure provider, like an actual data center company, you don't just build a data center and be like, let them come.

1070
01:11:37,380 --> 01:11:39,380
I mean, some people probably do, right?

1071
01:11:39,380 --> 01:11:40,380
But most people don't.

1072
01:11:40,380 --> 01:11:44,380
Most people know who their first client is, blah, blah, blah.

1073
01:11:44,380 --> 01:11:47,380
These infrastructure, like it's called infrastructure for a reason at that level.

1074
01:11:47,380 --> 01:11:48,380
It really is.

1075
01:11:48,380 --> 01:11:56,380
And I don't think those guys are going to be looking to run providers on a cash because they already have revenue stream.

1076
01:11:56,380 --> 01:11:57,380
I don't know.

1077
01:11:57,380 --> 01:12:11,380
People who are just running, renting out a little bit of the spare space in Iraq or whatever, it's just not or even reselling boxes, which I suspected what some of the provider issues we have when we were running.

1078
01:12:11,380 --> 01:12:14,380
And this was a couple of years ago, like 18 months ago.

1079
01:12:14,380 --> 01:12:33,380
It's probably improved since, but I think that the reselling was probably part of the reason why we were getting shut down because you I was just like, well, maybe it's choking on network or any number of things where it's because, you know, there's one box that's got a bunch of cash stuff running on it and containers.

1080
01:12:33,380 --> 01:12:44,380
And the, you know, the end the actual owner of the hardware, whatever that company is, data center is, Hetson or whoever, it's just like, whoa, somebody's breaking out terms of service, shut down that box.

1081
01:12:44,380 --> 01:12:45,380
Right.

1082
01:12:45,380 --> 01:12:49,380
Then your RPC goes down and you're like, why has my RPC gone down?

1083
01:12:49,380 --> 01:12:59,380
And, you know, the provider might actually be providing a solid service that should on paper not go down, but, you know, they breach Hetson's TOS or whatever it might be, right?

1084
01:12:59,380 --> 01:13:03,380
So, yeah, I don't know.

1085
01:13:03,380 --> 01:13:10,380
I always love the idea of a cash, but I think a GPU thing is driving a lot too, though.

1086
01:13:10,380 --> 01:13:11,380
I could see.

1087
01:13:11,380 --> 01:13:19,380
Yeah, I mean, maybe maybe that piece of it in terms of there has to be, I mean, obviously the cloud vendors, but the ability to shard time associated to a GPU or something else like that.

1088
01:13:19,380 --> 01:13:21,380
I think that sounds, that sounds pretty cool.

1089
01:13:21,380 --> 01:13:24,380
So, but yeah, it's good to see that there's revenue coming in.

1090
01:13:24,380 --> 01:13:25,380
I hope it grows.

1091
01:13:25,380 --> 01:13:26,380
Like I hope that continues forward.

1092
01:13:26,380 --> 01:13:27,380
Like it's nice to.

1093
01:13:27,380 --> 01:13:35,380
I mean, we always talked this before like a long time ago, but I always like real world use cases that end up in these types of situations.

1094
01:13:35,380 --> 01:13:38,380
Like back in the helium days or or a cash and things like that.

1095
01:13:38,380 --> 01:13:40,380
So I hope it continues.

1096
01:13:40,380 --> 01:13:41,380
It's cool.

1097
01:13:41,380 --> 01:13:43,380
Yep.

1098
01:13:43,380 --> 01:13:47,380
So I got, I got, I got down the rabbit hole of reading the cosmos forum thread.

1099
01:13:47,380 --> 01:13:49,380
That's one of my item.

1100
01:13:49,380 --> 01:13:50,380
That's one.

1101
01:13:50,380 --> 01:13:56,380
It's one of my brain is decomposing because if you read too much of that shit, it will rot your brain.

1102
01:13:56,380 --> 01:13:58,380
Of course, I saw that there.

1103
01:13:58,380 --> 01:14:00,380
The first thing I did is to do a command F for 16.

1104
01:14:00,380 --> 01:14:03,380
That's what that was my first thing.

1105
01:14:03,380 --> 01:14:04,380
Like, who brought it up?

1106
01:14:04,380 --> 01:14:05,380
Who brought it up?

1107
01:14:05,380 --> 01:14:06,380
Who brought it up?

1108
01:14:06,380 --> 01:14:07,380
BAM.

1109
01:14:07,380 --> 01:14:08,380
Zaki.

1110
01:14:08,380 --> 01:14:14,380
Do you want to cover any of the Umi osmosis shamanigans?

1111
01:14:14,380 --> 01:14:16,380
That's all no, I don't know shit about that.

1112
01:14:16,380 --> 01:14:18,380
I don't know shit about that either.

1113
01:14:18,380 --> 01:14:20,380
It's the merger, right?

1114
01:14:20,380 --> 01:14:23,380
They, I'm sorry, everyone has been skipping over it.

1115
01:14:23,380 --> 01:14:26,380
Umi, well, these, these were announcements this week.

1116
01:14:26,380 --> 01:14:29,380
They got the, the fucking man.

1117
01:14:29,380 --> 01:14:32,380
These are written so hard to understand.

1118
01:14:32,380 --> 01:14:42,380
Anyway, I think Umi and osmosis are pro pro pro proposing a merger of some description.

1119
01:14:42,380 --> 01:14:50,380
I don't know why osmosis would want to merge with anyone, but that is what was proposed

1120
01:14:50,380 --> 01:14:53,380
by, I'm assuming Umi.

1121
01:14:53,380 --> 01:15:02,380
And the other one was shortly after that Mars proposed to merge with Neutron.

1122
01:15:02,380 --> 01:15:08,380
I guess this is because there are some efficiencies in the protocols, I guess, if you, if you would

1123
01:15:08,380 --> 01:15:09,380
emerge them.

1124
01:15:09,380 --> 01:15:11,380
But I mean, why merge?

1125
01:15:11,380 --> 01:15:17,380
Why not just shut down the chain and, and like run a contract on another chain?

1126
01:15:17,380 --> 01:15:21,380
Like some of these chains just don't need chains.

1127
01:15:21,380 --> 01:15:22,380
Yeah.

1128
01:15:22,380 --> 01:15:26,380
I mean, yeah, I mean, I guess it is effectively buying out Umi.

1129
01:15:26,380 --> 01:15:30,380
It's just, it's called a merger to save people's feelings.

1130
01:15:30,380 --> 01:15:35,380
But Umi is dead because Umi didn't really ever do anything.

1131
01:15:35,380 --> 01:15:37,380
But I mean, why merge at all?

1132
01:15:37,380 --> 01:15:38,380
Why not just die?

1133
01:15:38,380 --> 01:15:43,380
I think, I think osmosis probably has the funds and it allows them to add functionality very

1134
01:15:43,380 --> 01:15:46,380
easily for probably a pretty low price.

1135
01:15:46,380 --> 01:15:48,380
It's a good causeful thing to do.

1136
01:15:48,380 --> 01:15:50,380
Like it's smack we highest involved.

1137
01:15:50,380 --> 01:15:52,380
It's a smart osmosis move, I think for sure.

1138
01:15:52,380 --> 01:15:56,380
Like, like, and the other thing, like we always talk about like validators are running out

1139
01:15:56,380 --> 01:15:57,380
of cash.

1140
01:15:57,380 --> 01:16:00,380
I mean, you can start to see some of these chains are running out of money, right?

1141
01:16:00,380 --> 01:16:04,380
Like, which they've lasted a pretty long time with the derivatives not there.

1142
01:16:04,380 --> 01:16:09,380
And I think this idea around mergers is like you're getting more and more and more.

1143
01:16:09,380 --> 01:16:11,380
And also the next next piece of news as well, right?

1144
01:16:11,380 --> 01:16:13,380
Cause then Mars talk about the same thing.

1145
01:16:13,380 --> 01:16:16,380
We were literally having this conversation, weren't we?

1146
01:16:16,380 --> 01:16:22,380
Cause some of us validate Mars, never, never been profitable, never made any money on it.

1147
01:16:22,380 --> 01:16:28,380
And it's just like, well, fuck, it's just a wanted fucking decommission that server.

1148
01:16:28,380 --> 01:16:29,380
What's the point?

1149
01:16:29,380 --> 01:16:31,380
We have to show the set.

1150
01:16:31,380 --> 01:16:36,380
And I think I was like, I was like, ooh, I just, I believe I just shut mine down earlier

1151
01:16:36,380 --> 01:16:37,380
on.

1152
01:16:37,380 --> 01:16:40,380
It was evident that it was not going to do anything.

1153
01:16:40,380 --> 01:16:42,380
So well, I mean, it was never going to be an owner.

1154
01:16:42,380 --> 01:16:46,380
So we just, whilst we didn't have too many delegations, we shut it down.

1155
01:16:46,380 --> 01:16:50,380
Speaking of that, did you, did you do anything with, with Kujira?

1156
01:16:50,380 --> 01:16:52,380
Cause you were threatening.

1157
01:16:52,380 --> 01:16:56,380
It's still there for the time being we have lost a lot of delegations for

1158
01:16:56,380 --> 01:17:00,380
seemingly no fucking reason whatsoever.

1159
01:17:00,380 --> 01:17:03,380
So I don't know, I'll leave it there for the time being.

1160
01:17:03,380 --> 01:17:08,380
We're still probably about midway in the set, but I still haven't given my refund

1161
01:17:08,380 --> 01:17:15,380
because I can't get access to a, um, a archive node.

1162
01:17:15,380 --> 01:17:17,380
I can't find anyone with an archive node.

1163
01:17:17,380 --> 01:17:22,380
If anyone knows anyone with an, a synced up archive node, please hit me up.

1164
01:17:22,380 --> 01:17:23,380
Yeah.

1165
01:17:23,380 --> 01:17:25,380
It's easy to get a hold of.

1166
01:17:25,380 --> 01:17:31,380
You can send me a Twitter message or whatever, but Kujira archive seems to be

1167
01:17:31,380 --> 01:17:33,380
like at this time non-existent.

1168
01:17:33,380 --> 01:17:41,380
There is a team syncing one up on behalf of the Kujira team people.

1169
01:17:41,380 --> 01:17:45,380
But yeah, as to where the history is coming from, I don't know,

1170
01:17:45,380 --> 01:17:49,380
someone out there must be running one on the network, but I can't find them.

1171
01:17:49,380 --> 01:17:54,380
So if anyone knows anyone who's got a Kujira archive, please let me know so

1172
01:17:54,380 --> 01:17:57,380
that I can get the information I need to do a refund.

1173
01:17:57,380 --> 01:18:00,380
Surely what this podcast is all about is making sure that you get what you need

1174
01:18:00,380 --> 01:18:02,380
and using this as a platform.

1175
01:18:02,380 --> 01:18:03,380
Yes.

1176
01:18:03,380 --> 01:18:05,380
Delegate the YDX.

1177
01:18:05,380 --> 01:18:13,380
So I've just re-read the, the Gov prop, um, for neutron Mars merger.

1178
01:18:13,380 --> 01:18:21,380
And it's actually essentially deploy new Mars functionality on neutron first,

1179
01:18:21,380 --> 01:18:26,380
keep Mars chain running as the Gov chain for the Mars protocol.

1180
01:18:26,380 --> 01:18:29,380
But are there any Mars devs left?

1181
01:18:29,380 --> 01:18:33,380
Because the only two that I know of are no longer working for Mars.

1182
01:18:33,380 --> 01:18:38,380
So what is neutron paying $3 million for?

1183
01:18:38,380 --> 01:18:44,380
If the devs aren't there anymore, they can't implement any functionality on neutron

1184
01:18:44,380 --> 01:18:46,380
because there are no devs.

1185
01:18:46,380 --> 01:18:48,380
There have been no upgrades on Mars.

1186
01:18:48,380 --> 01:18:50,380
There's been no security upgrades on Mars.

1187
01:18:50,380 --> 01:18:52,380
Um, yeah.

1188
01:18:52,380 --> 01:18:53,380
Merger.

1189
01:18:53,380 --> 01:18:55,380
Maybe I've misunderstood.

1190
01:18:55,380 --> 01:19:02,380
But from the wording on that, it seems like it's, it seems like the Gov chain continues.

1191
01:19:02,380 --> 01:19:04,380
It was a ghost town.

1192
01:19:04,380 --> 01:19:05,380
Yeah.

1193
01:19:05,380 --> 01:19:06,380
There's not Mars anymore, right?

1194
01:19:06,380 --> 01:19:07,380
No.

1195
01:19:07,380 --> 01:19:08,380
So who is there then?

1196
01:19:08,380 --> 01:19:10,380
Who was that started by?

1197
01:19:10,380 --> 01:19:11,380
Are they unknowns?

1198
01:19:11,380 --> 01:19:13,380
Delphi, I think.

1199
01:19:13,380 --> 01:19:16,380
Or somebody, somebody found it by Delphi is some people.

1200
01:19:16,380 --> 01:19:17,380
I don't know.

1201
01:19:17,380 --> 01:19:20,380
So is it just the most protocol just operating?

1202
01:19:20,380 --> 01:19:21,380
Yeah.

1203
01:19:21,380 --> 01:19:23,380
Well, I mean, I only knew of two devs.

1204
01:19:23,380 --> 01:19:26,380
And then they're not there anymore.

1205
01:19:26,380 --> 01:19:27,380
Interesting.

1206
01:19:27,380 --> 01:19:32,380
But it was so it's a lot of shouting in the comments being like the Mars chain will die.

1207
01:19:32,380 --> 01:19:36,380
And it's like, well, that's not what it says in the actual text of the proposal.

1208
01:19:36,380 --> 01:19:38,380
Keep screaming for us to read the headlines.

1209
01:19:38,380 --> 01:19:39,380
Is that read the headline?

1210
01:19:39,380 --> 01:19:41,380
Read the forum post.

1211
01:19:41,380 --> 01:19:42,380
They stink.

1212
01:19:42,380 --> 01:19:43,380
Yeah.

1213
01:19:43,380 --> 01:19:45,380
This is why we haven't executed the contract.

1214
01:19:45,380 --> 01:19:46,380
Okay.

1215
01:19:46,380 --> 01:19:47,380
Maybe not.

1216
01:19:47,380 --> 01:19:48,380
Okay.

1217
01:19:48,380 --> 01:19:49,380
Did you read the headline?

1218
01:19:49,380 --> 01:19:52,380
I've read all the way down to the bottom.

1219
01:19:52,380 --> 01:19:53,380
And yeah.

1220
01:19:53,380 --> 01:19:54,380
Okay.

1221
01:19:54,380 --> 01:19:55,380
Okay.

1222
01:19:55,380 --> 01:19:56,380
20.

1223
01:19:56,380 --> 01:19:58,380
And it's at the end of the migration period.

1224
01:19:58,380 --> 01:20:04,380
The token does move over to a new contract on the neutron chain.

1225
01:20:04,380 --> 01:20:07,380
Do you want to guess how long in the future that is?

1226
01:20:07,380 --> 01:20:08,380
Five years.

1227
01:20:08,380 --> 01:20:09,380
No.

1228
01:20:09,380 --> 01:20:10,380
One year.

1229
01:20:10,380 --> 01:20:12,380
Oh, well, it's still a very long time.

1230
01:20:12,380 --> 01:20:17,380
The thing is, we can get ahead of that by just turning off Mars tomorrow.

1231
01:20:17,380 --> 01:20:18,380
We need it.

1232
01:20:18,380 --> 01:20:20,380
We need a polka-tube style.

1233
01:20:20,380 --> 01:20:23,380
You know, like, a curb proposal.

1234
01:20:23,380 --> 01:20:26,380
What was it?

1235
01:20:26,380 --> 01:20:28,380
Put down the three-headed dog or whatever it was.

1236
01:20:28,380 --> 01:20:34,380
We should just, like, sunset Mars or something, whatever.

1237
01:20:34,380 --> 01:20:39,380
Just like, they're just, they're just about to make $3 million and go off into the sunset.

1238
01:20:39,380 --> 01:20:42,380
And the validator set just turns off.

1239
01:20:42,380 --> 01:20:45,380
Because the validator set, never going to make a fucking cent.

1240
01:20:45,380 --> 01:20:46,380
We're never going to make a cent.

1241
01:20:46,380 --> 01:20:47,380
We're never going to make any money.

1242
01:20:47,380 --> 01:20:49,380
Even if it's migrates, we're not going to make any money.

1243
01:20:49,380 --> 01:20:53,380
We've just been running hardware for a year for no fucking reason.

1244
01:20:53,380 --> 01:20:56,380
That's thousands and thousands of dollars.

1245
01:20:56,380 --> 01:20:59,380
Probably $10,000, maybe more sunk into that.

1246
01:20:59,380 --> 01:21:00,380
I don't even know.

1247
01:21:00,380 --> 01:21:02,380
Substantial amount of money.

1248
01:21:02,380 --> 01:21:05,380
Just like, well, you know, we're not going to make a fucking cent from this.

1249
01:21:05,380 --> 01:21:06,380
It's been a big loss maker.

1250
01:21:06,380 --> 01:21:08,380
Maybe we should just turn off the chain.

1251
01:21:08,380 --> 01:21:10,380
And then you guys don't get to walk away with $3 million.

1252
01:21:10,380 --> 01:21:11,380
How about that?

1253
01:21:11,380 --> 01:21:14,380
Yeah, $3 million USDC is a pretty large number for this.

1254
01:21:14,380 --> 01:21:17,380
Yeah, I think we should just turn off Mars as validators.

1255
01:21:17,380 --> 01:21:19,380
Option B. That'd be kind of funny.

1256
01:21:19,380 --> 01:21:21,380
Option B, no merger, nothing.

1257
01:21:21,380 --> 01:21:24,380
If we don't make money, you don't make money.

1258
01:21:24,380 --> 01:21:28,380
Because that's how keeping your stakeholders happy works.

1259
01:21:28,380 --> 01:21:31,380
That's going on chain in five minutes time.

1260
01:21:31,380 --> 01:21:33,380
What is naming right?

1261
01:21:33,380 --> 01:21:38,380
Just put up a software upgrade proposal with a halt height and no plats.

1262
01:21:38,380 --> 01:21:40,380
It's just halt height.

1263
01:21:40,380 --> 01:21:41,380
Oh, what's happened?

1264
01:21:41,380 --> 01:21:45,380
Oh, the commit that you should run at this halt height is one that Freya's written,

1265
01:21:45,380 --> 01:21:49,380
which just halts the chain and then immediately outpashes.

1266
01:21:49,380 --> 01:21:51,380
That's it.

1267
01:21:51,380 --> 01:21:53,380
That's it. Bam.

1268
01:21:53,380 --> 01:21:54,380
That is the upgrade.

1269
01:21:54,380 --> 01:21:58,380
The upgrade is whatever you do after this, you will outpash.

1270
01:21:58,380 --> 01:22:03,380
It's just time dot now.

1271
01:22:03,380 --> 01:22:07,380
I think, yeah, Mars definitely wanted you to read the Mars will join the three headed dog.

1272
01:22:07,380 --> 01:22:11,380
He's he's going ahead and said it himself.

1273
01:22:11,380 --> 01:22:13,380
Yeah, Mars will join three headed dog.

1274
01:22:13,380 --> 01:22:27,380
Could you imagine the frustration of poor Rama being our sole supplier of news and having to listen to us butcher it every single fucking week?

1275
01:22:27,380 --> 01:22:28,380
Yes.

1276
01:22:28,380 --> 01:22:30,380
Yes, I back.

1277
01:22:30,380 --> 01:22:32,380
I'm a software engineer now.

1278
01:22:32,380 --> 01:22:45,380
I don't my entire life being the butt of the joke of a senior manager who doesn't understand what we do, who can't explain what the vision is trying to, you know, just get another feather in their cap.

1279
01:22:45,380 --> 01:22:50,380
And whenever you do get into the room, people like that, they're just like, yeah, blah, blah, blah, blah, blah, blah, blah.

1280
01:22:50,380 --> 01:22:54,380
And you're like, oh my God, they have no idea what project they commissioned from us.

1281
01:22:54,380 --> 01:22:56,380
They have no idea what the outcomes were.

1282
01:22:56,380 --> 01:22:58,380
They have no idea what we did.

1283
01:22:58,380 --> 01:23:03,380
They're like, I think it's something that we're doing it away like it's something it does, which it doesn't do.

1284
01:23:03,380 --> 01:23:04,380
Why am I here?

1285
01:23:04,380 --> 01:23:06,380
Why do we do what we do?

1286
01:23:06,380 --> 01:23:31,920
怕다다의

1287
01:23:31,920 --> 01:23:33,280
lowattacks