person or pool and we're live
[Music]
hello and welcome to game of nodes a weekly podcast on the cosmos from
independent validator teams and uh I've forgotten to do the weekly tweet the one
weekly tweet our massive marketing push and so I was just being uh just being ridiculed from that
um do we want to do some drama so as you can see we're we're very much in the old
school format of uh streaming the group call hence the hence the name for this week's episode we've had a few weeks
with some very very I would say highbrow guests like some serious technical chat
especially last week I thought um I've actually never spoken I think before to Simon face to face I've only
ever spoken on the old textnomeroo um and I was kind of
yeah what can I just clarify has has someone
done the tweet I think when the when the stream starts it automatically goes up so I retweeted
that it just puts it literally well not right now we are on Twitter we are in
the computer we're in it it files are inside the computer now so
what you're saying is that a hundred percent of our marketing tweets failed this week
that's what you're saying I do sometimes look at the uh
that we're we're competing with and I'm like what is it they have and I realize
it's like a really like professional operation and a defined release uh
schedule those guys aren't those guys aren't six minutes late to their own stream we should we should get our [ __ ]
together at least by Episode 50. by episode 50. um but so so anyway so like
this week we're just going to be we're just gonna be talking about a few things if you have any questions put them in the comments um and we are back to kind of regular
guest schedule I believe from next week we've got some exciting stuff coming up a lot of it I guess is
still um I guess announcements and things trickling through from um from like cosmiverse and stuff
because like so much stuff happened both there and then the hackathon afterwards and we're still kind of pouring through
well it's not really wreckage because it's actually more like clever [ __ ] that clever people have built but we're kind
of just like copying their homework really frantically in order to discern
what the [ __ ] happened in Colombia we're like all right okay so oh yeah so all right okay so that's that and can I make
money for okay right that's the [ __ ] that then right next thing uh just come
on nerd give me something I can monetize uh that's as if we're not what have you overlooked
as if we adopt the nerds in that particular vignette but um but yeah so
we're going to be we're gonna be doing a few more that obviously we're not stopping this podcast anytime soon and
you get to pry it away from our cold dead hand so there's going to be some more guests in the coming weeks we will
go on forever whether or not there is no not anyone who [ __ ] watches it
the podcast will continue until the delegation's improve that's right exactly
and then we shut this [ __ ] down probably promise to be fair we were saying before the show started so I don't know if
anybody out there who's listening is into bad kids uh again I know there will be some people watching on Twitter if
you're going to watch on Twitter you can join on YouTube and then you can [ __ ] Post in the comments which I recommend
doing um I don't know if anybody else is is in the bad kids thing um all of us obviously pretty involved
with stargaze big fans of stargaze project and we all Degen the [ __ ] out of the nfts when they first came uh live
and I think all of us are in a bad kid right at least one yeah yeah I have a
bad kids are at times three I think you were you were bad kid pfp before it was cool weren't you no I was I was a Minto
a Minto mentor yeah congrats so actually I was on the call I was on the call when
they announced the project and I was like I am hard for that give me give me bad kids I want [ __ ] that looks like was
drawn by a two-year-old more please do it so I actually don't
know who's behind it are they actually a 10 year old do you know that because I'm guessing no it's just no no no no so but
they did have kids draw them no I thought I thought it was I think there's some sort of computer generation
involved in this yeah no but they had I'm pretty sure they they got them to draw like you know on the thing and then
they've taken um elements from that and then jammed them all together is this a is this a child labor situation we have here yeah
I was instantly like wow that sounds like like because crypto's like not really illegal no matter what you do
it's kind of like gray area but like child labor that shit's illegal that [ __ ] that one definitely is there was
child labor involved yes like a sweatshop making the bad kids and
then we're just profiting off of it look this this might be [ __ ] but I'm pretty sure that he said that he got his
kids and all his kids friends together and they [ __ ] drew them put them in a put them electricity no they drew nine
thousand that doesn't sound plausible no I mean the bits you know draw some
hair oh look this isn't going well this isn't going well it's not going well at all but anyway so so but the point here
right is biggest news of the week is obviously that stargaze is mooning
relatively because of bad kids which is awesome and we're big is it though like
has someone actually two cents to Four Cents that is doubled yeah but is it
because of bad kids or is someone just going oh stargazers moaning because of bad kids
does anyone actually drawn the correlation or of the causation or are they just uh correlate all of us some of
us are they just correlated that people like bad kids with the price Rising
I am a developer not a mathematician not a statistician we don't have the answers to that question when I worked when I
work for a data consultancy I asked them whether I could do a part-time like degree or Foundation degree in stats
because my math was bad and it might be useful for the job and they said to me you don't need to know maths to be a
programmer to do what we do that was when I was a junior so I don't know the answer to your
question because professionally I've been told by people smarter than me that I don't need to know the answer to your
question in order to make the correlation that bad kids are causing stargaze to moon and therefore I'm right
nice I don't really know how I choose I was just trying to compute that and
I'm pretty sure that was an incorrect statement it was like I just somebody I had one of these for a second for five
thousand and somebody just bought one actually there's a little run on these things yeah they should be doing like they seem
to be doing right bad kids yes anyway before the show we were talking about we were joking about the bad kid stuff and
uh I think we all committed that if if uh bad kids get stargazed back to 50
cents yeah we stopped podcast we will get a tattoo of our bad kids
in various places which we we might add that regressing because actually if
there's a bull run it's very plausible it will get back to that price bracket what if you what if you have a lot of
star kids do you have to get all of it like are we looking up our validator way which is why I could say you need a
tattoo of every single one of those [ __ ] oh [ __ ] I got eight of these things yeah
so in kryptonium and have to get a whole [ __ ] back done you feel like hundreds of the [ __ ]
things yeah if it was like glitch candies then I'd be [ __ ] because there's like too many of those
um I couldn't have these little kids up my ass I couldn't do it I have to fun we have
to figure out some other way to pay this where's uh yeah where's poku when you need him like because it's it's their intern that's been pushing this agenda
like at the end of the day we've all got we've all got them to thank for not only the potential incoming tattoo but also
the uh the price action you think so take it yeah yeah poker
well polka's intern anyway it's been uh it's been pushing the it's been pushing the bad kids pfp thing pretty hard it's
nice I think the oh [ __ ] meme has been largely there doing I don't
know I guess other people participate in it right but I I feel like I've seen the most exposure to the meme from polka so
the oh [ __ ] meme so people can make bids and
my they can make offers on my 2195 is the
classic there I would say now that is I don't know how did I yeah that's that's classic null right there yeah that's a
bit kind of butt ahead click on that dude which one this one yeah and go scroll
down to see if you have offers on that I don't know how do you know if you get offers on the bottom of that keep going
right there are those people making offers on that or is that generic offers is somebody bidding you 6 800 stars for
that sucker yeah they are I can I can accept that yeah that's interesting I
thought you had actually had to put them up to bid for those bids to come in but like I have a ton of bids on all mine actually
that's really interesting that uh what I didn't leave it okay do
we those are so you can make a bit I guess you could do this now in Game of knows
where we're gonna be burning all of our badges yeah just a [ __ ] Anarchist okay let's I
want to burn one of these [ __ ] things though hey burn that big burn the bit canner
see you later Buckethead uh you know what I'm gonna need you yeah
[ __ ] Ledger ah this is a good podcast just uh yeah
yeah I don't know I don't know which Ledger
it is off Pinterest I think this is I think this has started to become self-harming just like Burnley yes he's
yeah I mean that's going to be too much work to try and find that ledger right now
because my operational security is too good leave a leave a like leave a uh comment
should we burn this [ __ ] next next episode I'll I'll bring my my ledger to
work day yeah maybe we could maybe we could all do a mass bird [Music]
[Laughter] it's like I think it's like book burning Sinister nft burning kind of funny we
should all we should all make a uh an nft to burn
no glitch candy I'm not gonna burn a glitch kind of they're [ __ ] cool and they would not
cheat do I have a good time it was like you know cash out your stargaze rewards immediately reinvest
them into glitch Camp you know what you know the meme where it's like the vending machine it's like no Billy no whether it's trying to teach them the
value of money yes that was that was me and glitch candies it was like look your
validator income's making money because we're in the middle of a bull market and the price is mooning you're like feeding
it straight back into the glitch candy machine you know who made this click click click click click wow it doesn't
matter I think people are just making like blanket offers for any because if I
look at all of my uh they've all got the same bids on them they're both the same uh offers so they do but I don't have
another I don't have another nft that has any offers on it but every one of my bad kids has 12 offers on it I think
people may be there's a new features now where you can do like a blanket floor offer oh can you yeah and I think it
it doesn't mean like it's you can accept I can't keep up with them I think there's a feature where you can
basically say I'll take anyone I'll make a collection bid Ah that's what it is so it's you're bidding on 512 items at a
specific number of stars each look at that so they're bidding so these this is a [ __ ]
oh now
the floor yesterday honestly was still over 700. it's 9 000. no wonder mine got
picked up for five I guess I should watch that a little bit closer huh I had one for sale for 5 000 for like I
don't know a month okay I just forgot about it and it's gone so that makes sense since somebody picked it up and put it
back for sale for nine wow I'm good 360
floor at the moment which is still is that a profit from the original minting price yeah oh it's just about
profit maybe this is what brings uh users to stargaze
there were a couple hundred wait maybe this is what brings users to Adam maybe uh maybe this is our kickoff boys this
is it this is it this is it cancel item 2.0
yeah I mean I think I think bad kids are the like unequivocally the kind of Blue Chip it started off as like a joke and a
meme like to go around it um in Prague or whatever and just talk about how bad kids were Blue Chip and
then it has gradually become true I mean this is no worse than anything else right
I feel I feel like that yeah I'm told the crinkle paper is like a hot a hot uh
you know background the crinkle page you seem to know a lot a lot more about the bad kids than I do I just like blindly
minted one and it had a really round football head like it um and I was like oh that's kind of weird
all right when I was scrolling through Twitter this morning at 4am I was like just
abused with bad kids content everywhere don't cryptok I think Don kryptonius is
single-handedly like humping is just pumping it it's going hard on uh I think well it doesn't Don Don has loads
doesn't he and I think his one might be a custom one sure he's literally got hundreds I think
well there's 500 how many others ten thousand total 511 for sale yeah 9 000 floor right now
the hell all right I'm putting all these up for sale Jesus Christ who is making these uh
what yeah never mind I have one crinkle background am I rich
maybe just put it up for like thirty thousand so it'll be the four tomorrow
you're all pumping his bags all right let's move on sitting on 40
Jews Don to come on and talk about the bad kids price action since he's obviously
the the genius behind it all but um wait Rama have you done the math is he
sitting on 40K USD with his bad kids collection I'm pretty sure he could like tank the price then does that make him
more responsible from uh child labor perspective or what seven-year-olds
have you ever seen the film Road to Perdition usurper um that there's a line where what's the
name of the um that you're much older act anyway because it's a young younger Tom Hanks right and
um what's his name the much older actor whose name escaped me I'll no doubt remember after the show
um he's he says he says to him uh This Is The Life we've chosen it's the life we
lead there's only one guarantee none of us will see heaven
what did is that in the movie tip
yeah they're trying to it's trying to explain something to Tom Hanks I think about because he kicks off because his
son sees I have seen this movie actually he sees the the son of the mob boss
killer made man I think that's it isn't it and obviously you can't do that
so then the sun has to die because he's the witness and so it's Tom Hanks pleading for his son's life he's saying
oh you know there's a life we live in this life he's like no no my you know and he's trying to kind of argue for his
son's life or whatever but anyway guys do we get uh do we get you know
demonetized or bmc-8 or whatever the [ __ ] it is when we play [ __ ] off YouTube yeah uh yeah
anyway so you can't well they can take away our marketing they can take away
our marketing budget and our Mass we're not even monetized on YouTube I don't think we've even clicked that button so I think what actually happens is when we
get a copyright strike the original copyright provider if they're monetized
get to play ads on our video so if you ever see an ad on a game of nounsfit nodes video it probably means that we
screwed up somewhere and got demonetized but because we don't monetize it just means somebody else is monetizing us
um crypto right at least somebody's making money off this podcast so all right so
if there's an ad we've been given a strike and now someone's going to make me think of our [ __ ] two views like
this video is owned by water music or something it will be like uh
as soon as you swear you lose money so I said oh right so that's [ __ ] that must
be awesome because we [ __ ] yeah I listen to a lot of YouTube videos they're swearing and [ __ ] yeah but
they're probably making money through sponsorships or something patreon or something yeah I mean um see you next
week so we can be on Hal pay and get a [ __ ] cw20 in exchange for
all of our hard work help all right um yeah so a different avenue for our
[ __ ] uh yeah super has made a great suggestion for another Australian movie
I'd like to watch the trailer for please
monetize anyway [ __ ] it go for it [ __ ] it uh so I mean he doesn't even know that he's made this suggestion but I saw
it I don't know she was alone
they were Renegades she became the target of their Savage Hunt she was a
fair game [Music]
oh wow oh wow
if we would already demonetized we are now
[Music] it looks like it's sort of the entire
floor this looks like the whole movie yeah they used her now they pay the
price fair game what I know exactly how that one's gonna
pass out let's go back to my Australian movie checklist number one everybody's sweating they're also waiting in that
movie number two everything looks yellow number three there's weird dead animals
all the boxes are checked and uh you know that that voiceover
couldn't have been any more Australian it was totally perfect weirdly menacing bogans turn out to
actually be menacing so the the the description of it's hilarious because it's like a young
woman running a wildlife sanctuary in Australia Outback is in trouble is is in
for trouble when she is confronted by three kangaroo Hunters
[Laughter] Ford was killing kangaroos they decided
to kill the animals in the sanctuary and then when they see how attractive the owner is they decide to have a little
fun with her too turns out they may get a bit more fun than they
bargained for it got hard to read the last bit because my eyes were Welling I
was laughing it's like I've seen three or four topics just like with different like different structure
yeah two up killing kangaroos I mean I'm excited I didn't I didn't know that that uh trailer was going to be so explicit
well so far in this episode we've talked about child labor we've swore and we've shown nudity in the first like 18
minutes we did we actually talk about Eddie Cosmos stuff yet bad kids well it's clear that if we ever want to get
monetized we're going to have to go back and delete the first year of uh episodes yeah that's that's gonna be a real
problem so we we've got some we've got some we've got some we've got some actual Cosmos bits we can talk about as
well more Cosmos bits we've already talked about bad kids for like ages
yeah so I also have well if we're doing the movie section right I have a fact about heat that I found out the other
day yeah I saw that what so we're talking about the heat like the classic random heater
there's also the meme about heat facts as well there's like the you know the meme about heat facts is
that everybody comments on a clip of heat about how great some facts of heat
is and here's their little fact about why he is objectively good by using a
fact and it's like a whole like mini I guess kind of like Millennial Zuma
meme about heat like about ironically being like oh did you know like the gun play is so good
that they actually trained US Marines in it where you basically take it backwards a fact that is based on something
vaguely adjacent to truth which is that they used military advisors to train them to do the rolling cover thing and
it was once used I think to show recruits oh this is actually how you do rolling cover or whatever uh like
bounding cover I think is the term okay right so you can take you take kind of like a fact and then you exaggerate it
ridiculously and then you post it on every video of heat you can find and that's why the Heat YouTube video
comment sections are just like progressively more and more outlandish where somebody's just like yeah my my
father was in Vietnam and he says this is actually more realistic than any movie about Vietnam to show what
um war is like and stuff and they're just like it's just people trying to one-up each other about how amazing heat is but would like completely made up
facts um this is actually a real fight unlike
those other ones which is you so you know the scene out outside the bank like you know the way the sound design is
really [ __ ] and it's like every everything is at like this level and as soon as a gun fires it's like at this
level yeah in the city and all that stuff yeah yeah it's almost like that at all and it's
just like most movies sound designs not like that it's more one level whereas heat
explosive yeah like it's just it's like by the end that scene you're exhausted and kind of freaked out by the level of
the gunfire way over the top right like yeah it's meant to shock like it's meant to bring some real it's an accident
is it it's an accident so they filmed they filmed it with like
obviously Mike's on location and that's the sound of the blanks obviously ricocheting between the buildings yeah
and the sound designs were like obviously we'll replace this in post like because it's just so over the top
and we need control in order to be able to actually hear the lines of like the dialogue but they when they did the
overdub of the control gun fire they just didn't they couldn't make it
like gel in the right way and in the end they basically ran I think they ran out of time or something and so they just went and basically I think Michael Mann
was the one who's still pushing to do to fix the overdub and the rest of the production team were like this is
[ __ ] awesome like this is actually pretty good like just overdub the dialogue and then let's move on and I
think eventually they basically won him over because they'd run out of time um and it's what but it's why the volume
levels are so completely out of whack throughout that entire scene and said why it's so impressive to listen to
um because it's it's kind of not meant to be palatable to an audience because they didn't have time to make it that
way is what I understand anyway um so that's so much an accident as a
happy accident happy a happy accident yeah and there's also the other one I heard about that was the they hadn't
prepared all of the actors and uh especially some of the extras for how loud it would be when they were shooting
blanks in like an enclosed space between two skyscrapers and so some of the bits
where they first start opening fire and all the extras who are playing the cops go like and stuff like some of that is
just people going like [ __ ] what is that that's [ __ ] loud um apparently the bit where they all Flinch in the car when they start firing
us again because nobody told them how loud it would be to fire even like inside the car they thought that like
the wheels are burst or something like I mean that is that that part right there when they're when they're actually getting the car and they're shooting out
through the front to the windshield and everything is by far the loudest part in the movie right like that is it's crazy yeah because I think the boom
mic operator is like sat next to Val kilma like this just holding in there in the car so I I have a I have a random
story about loud noises um so the other day I was out in my
Caravan right in the middle of nowhere and some kangaroo Hunters no I was I was
nearer like my Caravan was on a property where the guy there's this uh wild pig
that's just been tearing up the bottom Paddock right and so there's people being out like trying to catch the
bloody thing for weeks and anyways so what's that like a humming rap scallion
Disney film where the the pig has like a life of its own it's friends it's got a ratings so anyway I was doing some work
and then I thought them Rascal rascally blood this is at night time or like in the afternoon not not quite night and I
thought the rascally bloody uh you know Hunters were out trying to get that pig and I heard these loud bangs I'm like Oh
I thought it was you know like a 30 30 or something like a big gun like a rifle and um I was like oh they must have got
that that pig they've been trying to get shooting at it and um anyway so I was
talking to the property owner later on in the day and he's like no my my Bobcat caught on fire and it was the uh the
tires exploding oh [ __ ] it was [ __ ] loud
literally Seattle like someone was like letting off bombs in the valley and uh yeah anyway so he's he's
um I don't know if you know what a bobcat is it's just like a thing with four wheels and a bucket on the front runs around yeah like construction
equipment yeah skid loader just caught on fire and exploding tires and I went down looked at it's completely burnt out
I just catch on fire was it well insured lack of Maintenance no no so then um
management oversight so he's like well I'm gonna have to get a new one and I'm not gonna pay like a hundred thousand
dollars for a skid steer so he bought a Chinese one uh on the internet and miraculously it
did actually show up and it was a real skid steer so for a while no it works just fine Oh I thought that
was the one that burned no no that was the other one the old one the old one so the new one's got like you know AC I had
a drive of it it's pretty cool it's nice yeah it works you live a fascinating
life stages like this is wild like the you know like I live in a country where
between two major cities you can ride a bike because they're never that far apart
there is nothing in the UK that you cannot ride about like I was down in the south of England visiting some friends
and they looked like there was a train strike and I had my bike with me and I was like oh worst case scenario I've got
my rucksack I've got my laptop it's only 180 kilometers there's only like seven hours on in the
saddle like there's not there's there's just nowhere in this country that is
that far away at the Grand Theft scheme of things and like the idea that you just like oh yeah just like in the valley there was on the property
somebody had a thing that blew up I live in a country where you have to drive to the [ __ ] mailbox bro
it's just like it's good yeah it's like when I went across America on the train and I remember thinking like between
Chicago and Denver there's that whole patch where
you kind of get past uh that you get past that little town where radar Riley is from in Mash
um oh I don't know I'll look it up though
it's just I didn't know this this is a good piece of 80s it trivia it's not long after you cross the Mississippi
um like he's like also Harmony or something like
that I'll look it up um but basically there's not much that happens after that yeah it's just it's
very hard isn't it like there's just like kind of it's like kind of grain for a while and then sort of feedlots and
then like nothing yeah and then Denver and then the right and you're like and then mountains yeah it's a Plains yeah
and you're like and then you went to Denver and there's like these plaque saying like oh the border with Mexico was here in like 1830 or whatever and
you're like huh we really are a long way away from New York now like yeah America's a weird place I
think you have to go across it in a very slow mean mode of transportation to really
understand anything about the country you know when somebody when you just spent a day on a train going from
Chicago to Denver you then read a thing saying about how it took like some soldiers or whatever
a week to ride from the nearest Garrison to Denver and you're like
I could buy that I could buy that yep I can see him take [ __ ] ages in the
olden times yeah okay I mean it's a it's a big country and like any other big country it seems like
it's even though there's Jew like there's political borders and state lines and everything else it's totally
different sets of people right like west coast East Coast the South different parts of the South like like anywhere
else right the same thing happens in in England as well right or in Australia
like there's just different sets of people based on based on region here um there's it's a big region right so
yeah yeah you have some no man we don't no we don't differ that much with region
like Australians are like pretty consistent across mostly yeah good old
cats maybe in a city um Australians are a little bit [ __ ]
weird but you get out in the country and we're all like a little bit more normal like the outer suburbs of the cities and the country folk are like you know
pretty normal um normal like the movies we've been watching that type of normal or like is that is that like what was that one we
were just talking about um fair game yeah okay everybody everybody
that's that's homework on everybody's list for next week so man I've got like
crypto some some work to do today and then I'm just gonna start shoving beer down my face and watching movies this
afternoon nice I've been away from home for so long um and I've been away from like where I was staying for the last two weeks was
like three hours away round trip to go to a shop and so I have
haven't had any beer in like two weeks and so where's basically as soon as I walked through the door yesterday I
discovered there was beer in my fridge and I just started shoving it down my head I'm like I forgot what you tasted
like good Lord give it to me so much uh I don't have a fridge at the moment
because we're knocking down a wall um and the fridge was in the way of knocking down the wall so
what the [ __ ] man I have a fridge everywhere I've got a fridge there I haven't got a fridge in my car that's a fridge desk there's a fridge
on the way to the fridge apparently I'm doing life wrong thank you um yeah I mean I can go to the pub and get again
this if I want it's pretty easy anyway um so we have topics right we should
talk about those we have topics so um do you want to talk about the the DPS du jour the the Jaquan Japan
episode to do it because we're already deep in the hole here with our other topic so sure bring it up yeah I mean
that well I think I think the the first thing to say is there's obviously a lot going on there
um for a guy that I believe I'm correct in saying he wants
change his name maybe not legally but changed his name or asked people to refer to him as Jesus Stein
is that true and who who wrote who wrote A a weird Twitter thread yesterday or
the day before where he signed it offers Quan Jay East in reference
um so
um okay so I I should say you know with it with with a little bit of a responsible hat on here I did Once Upon a Time work
in mental health and if um you are having a I feel like I have to say this
and this is totally insane but if you have if you think you're having a severe mental health crisis or in particular a
psychotic episode you should seek help from a mental professional or reach out to somebody you know and trust because
that [ __ ] is actually really dangerous for you and the people around you and you should do it yes
um and with that said so yeah Jay appears to be having a
pretty public psychotic episode which is um pretty wild and you kind of there's
oh no I think we've talked before about like how there is some stuff obviously public about what happened within tender men
back in the day and all that kind of stuff and I think we're now getting like a really
public taste of that right were those similar um is this jaquon's
uh Twitter uh Avatar what is happening here
I don't know but I don't know not the [ __ ] foggiest
what is going on with that Let's uh please make it stop that's unique
yeah I mean just look at the Twitter bio I think that actually kind of yeah
everyone is well invited to the no World Order no land founder of Cosmos and
tendermint never sold his soul no Financial advice okay yeah yeah so anyway uh Jay's been
posting some pretty strange stuff and then what happened I think today the
kind of the escalation of it if you like was that uh Jacob G from notional posted
um a fork I think of the no land documentation or something like that
that had been sent to him a while ago um like an old Fork of it or something like that he kept around and it's just
got like a whole folder of like essentially it's kind of like title like
research so like I haven't very so there's like a really weird little read me that says like I haven't been through
it checked everything here but food for thought and a lot of it's very
like off the deep end conspiracy theory type like oh who's running the world
type type stuff and it's all a bit nod in a wink
is it's one of those where it's like I mean it's literally what people say when they say dog whistle right where it's
it's you you say a lot but you never say out loud you
never say the quiet bit out loud right and it's very not in a whistle kind of anti-Semitic it's kind of the
implication there right um that's why I never see the quiet bit out loud what is that what does that
mean like that that means you use 25 000 words to try to say six words
right like you built you build an argument where in your head you you kind of connect the dots over and over and
over and over but you just don't come out and say what you want to say basically yeah exactly yeah so it's it's
like a common like it's quite a common thing when somebody when somebody just like in the public eye says something
really like [ __ ] bad people say oh like oh they're saying they're saying they're quite a bit out loud right oh yeah right
I get you yeah exactly they're like it's the thing that was in their head and it just comes out of their mouth and you're
like oh right yeah you are a racist okay cool
um but yeah there's also a couple of there's a couple of almost more bizarre things which are like there's a couple
of essays at the kind of the top the root of the folder and one of them is like
um like if you read it and you didn't go okay this is somebody who is having like
a bit of a mental health emergency I would be very surprised um where it's kind of like equating
essentially the the problems inherent in Byzantine fault
tolerant message passing to like the second coming or something it was very
long and it's very yeah so anyway that's that's all kicking
off again um Jay is Jay is Jay has come back around I guess the last time was with
that atom prop um kudos to Jacob it was pretty smart
just to hit Fork that's just it's going to take a copy of this in time so it
doesn't get lost and buried I'm just gonna take a little Fork of this crazy rambling because that happened a while
ago right didn't he Fork it off a while ago when he saw it originally I think so yeah something like that I'm not I'm not clear on the tire I mean yeah the drama
is like kind of in the same way that like something on fire is kind of like oddly compelling it's you're like okay
you're also just like equally don't want it like too close to me
um I think you mentioned this on we were talking about this before you mentioned this hot Channel but um I also thought just kudos to Jacob
because I think he wasn't he he brought forward the information
you want to bring forward but he wasn't judging about it and he was I thought quite level-headed around hey this is
take a look like he wasn't I thought I thought he brought it up the right way yeah and and I think and he got a lot of
a lot of flack from it from what kind of looked a little bit like sock pocket set suck puppet accounts and
and stuff and you're kind of like um yeah well it turns into like oh you're bringing this up for some sort of
reason versus actually reading what what's being complained yeah yeah I think it's I like I guess the
thing is it's like it's I um I'm gonna go out on a limb and I'm gonna say that
without being judgmental about where Jay is at and whether unlike whether or not
presumably some of his personal views align with let's say my world view probably not but like Mental Health
Emergency aside difference in opinions aside I also think that it's a pretty well held view among
builders in Cosmos that the ecosystem would be the ecosystem is
taken more seriously the further Jake want is sort of from it at this point I
think like thank you for bft uh thank you for for attending mbft
but yeah you know
um it's because it's not even about like the professionalism and stuff like that or VCS or any of the other stuff the
arguments they're thrown around I think it's just like a lot of us want to get on with like building useful stuff and like a lot there's drama and there's
drama like a distraction right yeah yeah yeah exactly yep um but yes that's
the that's the Jake one drama to Joe du jour it was more fun when we put it in notes
actually talking about like all right this is kind of serious yeah yeah exactly yeah
um we got oh we've got some got some comments as well about it as well so Highlander friend of the show says I
said to JG to be silent today but he was pissed off that's the end of that not sure it should be all over Twitter yeah
I mean to be fair Highlander not sure it should be all over Twitter is basically the beginning and end of what should be
happening here with all this it's like I think you'll notice that he did say Twitter I was going to call that because
he's right you pronounced it wrong very good yes yes just we've used the
incorrect enunciation we do like do like a pun do you like a pun
um cordless arm says I don't know that Jacob calling Jay a Nazi is necessarily
a good look so I guess that is the one that's maybe the one bit where
Jacob was not totally um level-headed
yeah but so what else have we got on our list
today I was the I was the only one thing on that right which is that it's very very
it you need to be very very careful when you call somebody a Nazi but I will also say that there are plenty of people that
leverage the fact that it is basically impossible to call somebody a Nazi because it's really hard to prove to get
away with being a Nazi so do I think Jay is a Nazi don't I don't
really have an opinion to judge and I certainly wouldn't call them that publicly because there isn't enough
material to judge do I think he may be anti-semitic yes
and that that seems at the very at the very least it's those ideas of he's collecting a folder of
anti-semitic propaganda and disseminating it to other people I mean that seems like the definition of
anti-Semitic to me um and if you look at go look at the commit history because I was like is this like one rambling over one night
and no it's like it's weeks of commits like he goes back and re-edits and re-edits and ads and re-edits like this
is not like uh this is not like yeah like it was it's a curation that's all
right it's kind of will say fascinating here that you could just get to reconstruct it as well it's a big excitement so that you get not only like
the state of history at the point it was shared but you can also see the pattern of behavior running up to it as well to
be like this is not like a one-off thing this is like an obsessive curation of a
corpus of related material not only that but it's
like it's a it's a mental health uh it's actually helpful to kind of see how not being a professional but you could
see like kind of like where you can see the history of like kind of where the thoughts were going right over time I would think that would be helpful
for some actually yeah I'm not a mental health professional in any way I just I would hospital I worked
in a records department which meant I've had to file away a lot of material and like so I came into contact with a lot
of stuff that was like this person was arrested in the streets because they were in like having a
mental health emergency and they were carrying this handwritten essay on them like you only have to see one of those
things in your life to then recognize the pattern for the rest of your life you know it has a particular like people
who are caught in the street with a bed sheet around them saying that they're the second coming of Christ they always pretty much say the
same thing yeah is what I learned from that job so I did want to point out that um in
commit number 200 dac1 he did delete the DS store good job okay
don't let friends keep the DS store file in there
did you add it to the gig nor you deleted yes we've all committed a
dsdorfile right but then you've got to add it to the game it's got to be in there it's got to be in there yeah
exactly I reckon that's probably the most consistent commit I've ever made in my career yeah commit one
I'll take it okay because the most domestic okay
this is pretty exciting so you know what it is right no so it's the the
um so it's it's more of a situation so you know building something similar to T
grade presumably where you can uh add and remove basically modules of cosmosm yeah
um yeah it goes a bit further in the it's more like re-implementing
the SDK it has caused miles and contracts so you'd have so you know at the moment
you have a tendermen which is like the consensus engine and then you have the SDK which talks via ABCI to tenement
and then the the SDK is like your application layer and then you build on top of the application layer
the idea of this is like there's kind of a thin shim to talk to tenement via ABCI
and that's basically a cosmos VM that's that's like it
um and then you you throw your contracts you have like a base set of contracts that you throw
excuse me at the VM which would be like Bank staking
gov distribution what what handles consensus though is it
rebuilding the consensus engine around still a module road yeah so tendermint rust I think is the
consultant engine so you talk via ABCI to tenement from like a thin layer
basically um underneath the VM essentially explain ABCO
the application blockchain interface null is the key building block in how
the cosmos SDK or any other SDK built on top of tenement could leverage uh
present tenement Byzantine fault tolerance to build the more expressive
developer toolkits for for creating blockchain applications sounds like it's from the manual
so you've been memorizing manuals not quite but I have written a few of my time I guess so is tournament but that
tenement piece today isn't go is that right in the current binary go on rust is it in both in the in what we run
today like in even in a junior everybody pretty much runs go except for penumbra
and there's also ibcrs as you know wait no penumbra don't even use tenement do
they they use IBC but they don't use temperament oh yeah that's right we were talking about that last week yeah or do
they use tenement but they don't you um no they don't use tender mint because they use utxos don't they
this is why we need Henry on the show her her number or number penumbra
penumbra a no make is a totally different stack as well um right that's they really want to say
nomik is tender member asked but they have their whole they have this whole thing underneath called auger which is
like their state um they they have like their implementation
of like essentially the the store so under the hood uh you know there's like
rocksdb um Pebble they're basically all just like key value stores aren't they so
um you need a representation to save like serialize and save um to the database to represent state
right um that's what the store abstraction is so that's whenever you see iavl which
I'm sure you've seen in dependencies we've seen problems with was involved in the recent hack I have all right
um that's like that representation essentially um and like obviously I don't fully
perfectly understand the stuff so if anybody wants to correct me then uh please do but what does iever stand for
asking for a friend something AVL so AVL is the representation of the tree and
then I I AVL what is the eye so somebody have to tell us to Google it
and tell me what I'm missing but um in is
that kind of a caching that's a caching layer interactive okay I'm just going to throw out a word that begins with I and I might be wrong interactive AVL there
we go I'm probably not correct but um yeah so so I have all this like it's
like that that implementation of the AVL um
tree and then there's like there's like Merck RS which is the one used by auger which is nomec and so the bit of
um I can't remember why we're talking about this now so the point is anyway there's a bunch of chunks of the of the that
make up a blockchain right in in Cosmos it's right at the bottom tender mint that's consensus so that's just the
validators all talking to each other um and coming to consensus about what the correct state is and then there's
the actual application on top that decides what to do with the
keep going yeah there you go don't let the comment distract thank you Dan that is a very concise and shiny thing yeah
so I'm trying to do like the the hands made as it's like yeah this is this is actually like this is a much more
concise explanation of what's going on so the point is that basically like the storage
is separated from the consensus engine that's like the big idea in tenement is
that you could replace tender men in theory with like narwhal or hot stuff or
like a different um consensus engine right you know but
still basically save the data you want developed with an application that's
kind of built on top of that in a different way right okay um so CW SDK is basically
keep tournament over here tenement RS and re-implement the application stack a bit so that you're not so like obviously
Cosmos already rust right and then there's like a shim around it which is go like the go bindings the F the ffi
bit um and then on top of the go buy things you write rust again
um and then you can pile that down to wasm and send it through all the go bindings to the rust bit which runs it
well ultimately the VM runs it right so the the CW SDK stack is like a bit
different and that's kind of like basically VM then rust bindings
then rust which compiles to customize them
um so ostensibly you get that kind of more coherent experience as a developer
if you understand those pieces um it's more than a developer it's more than a developer experience benefit
though right I getting rid of go and is it is that a safety thing is it a speed
component area is it like is it all those or no until until you benchmarked it I I
wouldn't say that my own guarantee there's gonna be a speed up I would have thought if anything
if I had to guess the wasm would be but then I would have guessed the wasm would be
slower than go but then we're not leveraging any of the concurrency of go so actually maybe it's not dissimilar in
speed okay um free
explain to me like I'm I don't know 12 12 or 13. bad campaign yeah
um end blockers what about them
well that wasn't a very good explanation like okay well so so an end blocker right so there's there's a number of
things that that are involved in like building a Blog right and the way that's
modeled um there's kind of like a let's see again we have to where this is almost like
having to rewrite the documentation from scratch on the Fly isn't it but there's the begin blocker which is like a a set
of instructions and then there's uh there's like um a set you basically Branch the state of
the world and then on one set you basically apply a bunch of transactions do a bunch of stuff validate a bunch of
stuff and then when you're happy with that you then do a thing called deliver TX which
basically says okay here's my state of the world that's not yet happened I want to make that state of the world
and uh basically switch that in like Branch kind of like we have two branching universes and then we like say
okay we want we want the Right Fork and we we pick one of those and that's that's a block and then the N blocker is
once we've finalized everything else the end blocker is like uh further actions you can take so there are like several
steps in the flow of um if you have like a flow chart of what
happens while creating a block in in the cosmos SDK you'd have like I think in this order anti-handler
begin blocker then all the TX wrangling deliver TX and
then the N blocker so you can do the reason the end blocker is significant is
that things like who is currently in the validator set are essentially like callbacks or hooks
um in the M blocker because like if you if something happens in that block like um
like a double sign then the N blocker I think is the point at which you would you would actually
resolve that and say this validator is no longer in the vowel set down like MO
yeah yeah downlight mode and so the the end blocker is quite important in terms
of like it's specifically quite um quite powerful
um in terms of like the extra functionality you can get from it from those things in the SDK like they're really kind of important to that transaction flow
and currently cosmoasm obviously works at a completely higher level of abstraction to that so the reason that
t-grade is interesting is that they obviously have they have extensions of the SDK that they can call into so proof
of Engagement dynamically changes the validator set based on actions that taken in smart contracts and that's
really interesting because they could update the validator set on the fly from Smart contract outputs
um at the end blocker yeah so um okay it's actually on my so I'm on my
desktop right now so I actually don't have the file up I was literally today looking at the
um the code in the proof of proof of Engagement contracts that um can modify the vowel set
um it's really interesting actually like I don't fully I own pretend to fully understand it obviously people were working on it for a very long time and
it's like you like anything where you jump into a big code base and you're like is like opening a book halfway but all
the pages off the one you're on have been ripped out and all the pages before the one you're on have been ripped out you're just like this looks really well
written and then you like look either side and you're like okay well this is going to take some understanding
um why is Sherlock Holmes on top of a building actually why is Sherlock Holmes at the Reich and back Falls
um what
I wasn't a question I was it's a thought it's a literary allusion to like how do
you reconstruct how we got here and what will happen next although obviously it was a trick question because
sorry you pointed at me as just confused for a second
I mean I thought I'd made a literary illusion that was quite that there was a bit of a joke and this is fine it's kind
of fun it's all right it's all right um don't worry about it I really just I'm
really disappointed you you mentioned the downlight mo and then you didn't do that [Applause]
like that [ __ ] took literally minutes to make literally minutes to make and we
gotta get we've got to get our money's worth from it uh there needs to be a weekly recurrence of that for at least
two years during the news again right because they were [ __ ] talking this this week
yeah I don't know there was just there was just some some post about like kuji kuji shillers and that was a bit like
oh that's all it was that's right yeah it was a bit like well you're kind of
like a evma Shiller I guess or whatever or wear it out of my sugar until you know
yeah so you know but actually I had an interesting I had a question about kuji
because because I've obviously been digging in a bunch of SDK code bases this week finalizing some stuff for Juno
um I was thinking about I was thinking about kajira as you do
um was the Bob Dylan line I've been thinking about the government
um I've been thinking about kajira um I mean khajira and the government are like
pretty you know feral clubs apart yeah they're not cops uh although code hands
didn't come on the show and we told him he couldn't wear we had to inspect under his shirt see if he was wearing a wire
and he was like nah I got other things to do maybe he is a cop yeah I hear the
wife calling exactly cop confirmed 100 said like if you say you're not wearing
a wire that's how we know you're wearing a wire no it's how you know I'm not wearing a wire when I say I'm not
wearing a word say you know I'm not wearing a wire I need to be fair we are also broadcasting this on the internet so I mean
maybe we're the cops maybe uh anyway so I was thinking about kujiro
you guys both you guys both validate kajira right no we do not you don't
validate kajira we didn't make the that's why I want cold hands on here because we were like they took the top seven they're gonna take top 100
validators at a test net I think they cut the list at 75 right or 15. you were like 76. we were literally
like the next one yeah oh man I was like I was like well [ __ ] that
I I do like that project though I do I do I had a great development team they
move fast I like I do like I think it is [ __ ] bold as [ __ ] that they're just like
[ __ ] inflation I love it I mean I love it that was what I wanted to talk about is that I hadn't
yeah because I did we didn't do the we didn't do the um the test net because you know too
busy [ __ ] putting out fires as usual Here There and Everywhere um
but yeah it was literally because we we I think we've got like one commit in that code base or something just to do
something to on the ad anti-handlers that we spotted and that's how I originally got called into code hands and I had like this realization
yesterday or the day before or something like that where I was just like I didn't [ __ ] see any minting
schedule in their code base and like you know this was like months ago so I don't know how it took four
months to kind of go through my subconscious and I literally like stopped what I was doing got my laptop
and went to their GitHub it was like hey their inflation schedule is really different to everybody else's and then I
suddenly remembered like I think one of you we must be you know had said oh yeah it's like really weird like how you are
gonna make money or not make money as a validator from kajira and then I was like have this like light bulb and I was
like oh yeah so their inflation schedule must be weird or non-existent right they don't have I didn't say it was weird how
you make money I said it's you're not going to make money [Music] it's weird that you won't make money
yeah okay okay so because I'm really interested in this now because because I've seen their code and I was like okay
like you say that's bold I was like [ __ ] I haven't seen a but because they're not emitting any
more rewards are they or they're mint are they minting them from Smart contract
and then they're not no there's no mint at all there's no inflation fix it right next
yeah fix Supply so they the only way that there is um rewards to stakers and
and thus validators from their commission is through um transaction fees on the platform
yeah can't have big oh where'd he go oh you died
you're back resurrected so so wait so how do you how do you make money then from um transaction fees fees on the
swaps and right transaction pieces and are those like are those like meaningful no no no
no I think I've made nine dollars in uh what six months how long has it been going now a fair while no money but yeah
yeah it's it's a bit of a charity at the moment but I mean it so this is what I like about it though right because
this is the exact model people should be using and like I was saying last week or
the week before or whenever it was when I went on a bit of a rant about inflation is that
people like tokens become popular because of the defy returns right from
inflation and it becomes popular it gets pumped and then it hits a point and then it falls off a cliff because obviously
you know um you know markets don't work like that they don't just keep going up
um they go up until the demand has reached a point and the interest has reach a point and then everyone Stakes
it and they're trying to get just selling all of their rewards trying to like you know get back their capital and
then get the cream right and then once the hype runs out then the token price runs out and then it falls off a cliff
and so with a currency that's not inflated and it works off
the end game mechanism right which is what so the whole point of inflation and
the whole point of rewards from inflation and proof of stake was to provide like a mechanism for return to
get people interested in the token and to get people to buy the token and use the platform create use right create use
in the interim while they develop the use case and the user base so that the
end game is that the support uh the the network is supported by fees right so
that's the end game with Juno that the network is supported by fees after 12 years that it's gotten enough
development and user base by then that it can be adequately supported by fees so
good year is just going well [ __ ] your model let's just start out
with fee based mechanism and we'll either make it or we won't based on that we're not going to come up with some
[ __ ] interim plan so basically right now they're they're coasting along and
you know people are obviously using it the the fees are coming through they're [ __ ] all but there's still quite a bit
of like you know the top validators are pretty loaded still in kijira
um but um yeah you know time will tell it's it's a fresh platform it hasn't
been out for that long but I'm I'm just happy that someone has gone straight to
the end game and now we can see if having that um
you know endgame model from the start is something that can actually be achieved I'm pretty interested to see how it
turns out yeah that's really interesting we it's a shame Max Juno isn't in the chat because he's the other tokonomics
kind of expert besides like you and Rama that we kind of have regular contact with I guess and like I kind of feel
like the the I think I was literally I think it was literally Max actually I was talking
to this talking to you the other day about about how we have a real problem with like really
serious long tail inflation schedules which is like what you're ranting about on the the show the other day which like
most of the bigger chains in the cosmos right now are still in that early super high
ramp phase of their inflation like even 20 30 inflation is crazy you know oh yeah
um and so like nobody even the chains that have like um proved some intrinsic value have not
proved any intrinsic value and actually this is the irony of like atom 2.0 it's
like changing their tokenomics from what was previously right relatively steady emissions
like actually infinite low inflation if you're going to do inflation
from the beginning is probably the way to go like start [ __ ] 20 or 10 and
reduce down to like five or three like a central bank would I know we're not
supposed to talk about them but like keep it low keep it within the bounds of say Consumer Price inflation
um and then see if you're you see if you're inflationary bound actually rewards the validators and protocol
operators for being in that Network or do what could you have done just [ __ ]
it off from the beginning which is interesting I mean I I think the only thing I caution on like kajira is I think like a fully deflationary currency
is a bit risky
is it deflationary I don't think it's deflationary I don't think they'd burn anything if you no if you have a if you have a fixed amount it is by definition
inflationary because people lose Keys people do yeah yeah like very gently but
there will come a time mathematically when through loss of wallet keys through
whatever like it will decline to zero eventually like that certainty but then
all chains will die through entropy through some means
so yeah let's do another airdrop that's fine nothing's forever dude
except for high high returns in Cornwall chains it does take the timeline off of them though because
the without without that deflationary piece of constant mint and constant
selling of that and you have the pipe price pressure down and without all that the only thing that you're really going to be shedding is validators and there's
an unlimited Supply to step in that group right so if somebody somebody on bonds because they don't you know null
and bonds because he's making nine bucks a year and he doesn't want to wait for the fee structure there's more that we'll invest in that right if they
believe in the project they want so that's really the only that's only risk right otherwise they're not doing like a
they don't have a Chihuahua situation that is that is we're gonna MIT the hell out of this and then oh [ __ ] we need to
burn a half a million dollars every six hours because
you start burning and then you're selling at the same time you're burning and everything else right so a little bit obviously not the same project but
you kind of get the idea yeah I think it's kind of like it's so interesting the state we're at now I think with the
like where we got to without chain winter last year where we had this like slew of projects launch get liquidity on
osmosis crack on like kerberus was really like the nail in the coffin on that one that was the last one which
just like got it kind of almost no questions asked got like a lot of the classic things sorted got a mint scan
listing right and then did absolutely [ __ ] nothing and it was a useless piece of [ __ ] chain
um but like that wouldn't happen again now except that you have got like the kind
of like last gasp of like these kind of chains like territory and stuff that started appearing now
it does make you wonder if there is another Market not Financial advice Etc but it makes
you wonder if sentiment is changing a little bit or people just like want something anything because they're bored
but like you've got to wonder like there's no way that the the high
inflation to economics that we've seen to this point
only works when there's like 10 chains it's easy to grab attention like that yeah right when there's like 10 chains
and you can get the liquidity on osmosis to then make that high inflation profitable for people in the short term
enough to get a hype cycle going but like when there's a hundred Cosmos chains that [ __ ] isn't going to work
and then people are gonna have to completely rethink how tokonomics makes money for teams and makes money for
people buying into a project like because if the answer's not utility it's going to be you [ __ ] nothing basically your Project's just [ __ ] so
I was just like pondering the other day um staring at the wall about like
in your you know sex versus decks because the
like the writings on the wall right from the beginning with with the liquidity because the liquidity
is a [ __ ] to [ __ ] rewards so it's just a model that I think in the
long term just isn't sustainable at all because networks need to basically give around
give away token to attract liquidity and you're basically like
you have to dilute your token to have liquidity by giving more of it away
um and if once the once the rewards stops so people basically have to continually keep
um voting in more and more and more liquidity rewards and keep draining the
community pool to be able to sustain that liquidity so that there's not price
shock when people do uh trades whereas you know a centralized
exchange is more uh indicative of the market so you're
you're liquidity is sort of replaced with Market depth and participants in the market so that
you know large trades you can see ahead of time the impact that's going to have and you can sort of make a more informed
decision as to um where your trades going to end up by looking at the market depth right yeah
periods in periods of like high cell pressure or like disinterest in a token
if you're on a sex the token price will fall very quickly if people
turn on the on the token right whereas um you know decks there can be uh
you know disinterest in the token and a lot of cell pressure that just actually abuses the the available liquidity from
the liquidity providers so it actually drains the people who get drained in that it's actually the liquidity
providers not the the token holders yeah I actually think that it's better
to have to have sail 306 to be honest it's kind of interesting isn't it and I think like
again if you look at how many chains in Cosmos are actually even on a sex and then look at their depth like
this is like people looking for like atom 2.0 and
that you know a good a good project would actually be a cosmos Centric centralized exchange
because I mean it's it's unpopular to say this but just the cost of having a DEX is
great and people don't really realize that compared to having a centralized exchange where you're your um you know
the participants take the risk rather than the liquidity providers and the networks providing liquidity incentives
it's very centralization now it's very costly yeah but I mean
but decentralization is always bad it's always good and centralization is always
bad which is why though why because it is but isn't osmosis trying to build
that sex structure out to be able to offer both those kind of avenues and yeah so the um the order book right so
they're so I mean kuji's a decentralized order book so yeah they do exist but
I mean like a cosmos Centric centralized exchange so there's options but but your
problem is going to be liquidity depth again because like Juno is on Kraken do you want to like go on cracker now and
try and [ __ ] sell some Juno try and buy some Juno can't you
you can but uh Kraken Juno's on Kraken and it is the the depth is total dog
[ __ ] like so this is like the atom 2.0 thing like people are like
what's the the they're scrabbling for a hundred different over complicated things to make as the use case for atom
I will tell you what the use case for atom is and it's that ordinary crypto people have heard of
atom and they haven't heard of anything else in the ecosystem they equate Cosmos with atom and they buy it on Kraken
and that's why every project team in the entire of the cosmos off-board their payroll through atom and
through Kraken or binance or whoever that is the fundamental use of atom and
it's going to be the fundamental use of atom for the time being I'm messing too much with the tokenomics of atom kind of
misses that point I think but for me anyway like I don't I don't see that situation changing like the depth of
liquidity for any of these other chains in the cosmos changing anytime soon The Hub is going to be the onboarding and
off-boarding hub for [ __ ] payroll that is the use of the Hub The Hub is everybody's going to be fond of the Hub
if you run a team of three people that you need to pay through uh you know any project in the in the cosmos
I I don't know all the other stuff ICS all that kind of thing it's like those don't feel like problems we have problems we have include liquidity depth
on an exchange where you can get US dollars out the other side if you have a team to pay who needs to pay for you know lights and heating and food
yeah Market depth the 24 hour volume the 24
hour volume and Juno USD and Kraken is thirteen hundred dollars
what else we got yeah so I mean I I would not unlike
Highlander says there's the usdc um you know the ICS thing coming next
year you're not gonna lie that's that's cool that's useful um that probably will bring in money
from eth yeah but I think like my gut feeling is the money coming from eth is like a different pool of money from the
money coming from people buying atom on binance cracker and stuff like that I think that that's
a different pool of money I think there are some people who just like buying it on those exchange possibly staking it with
excuse me a cast audio validator on those chains and that that's quite
different from like if you're bridging from if you probably at least have some idea what you're doing
like to even own oh but then I guess usdc although it's from eth it's like stable isn't it
in usdc Native is coming soon it'll be my Parker and you parking all my stuff
there the Luna classic the Luna classic volume is 1.4 million dollars
at .00025 USD have you checked your Luna
classic lately the phrase uh I think it's still still locked in osmosis though so I'm not sure I can get
it out yeah oh dang are you still like uh
like what what's your token management situation like at the moment
yeah what are your policies like at the moment uh our policy is like
um we could use the bad not being a bear yeah um I'm down with that is there is there
a form we're having to like for well I think so I think we can talk about
userpa can we talk briefly about what we've been up to as well like elsewhere
we can is that so we're just gonna make is this going to make be careful like I don't like
okay so we won't talk too much about it but we're we're doing some stuff in or
in Aptos and have been for a little while and it's now live so it can actually say
that that is the case um but our infrastructure costs particularly ours at envoys needlecast
we are running a bunch of C 6i 8xl
servers um those of you AWS nerds probably have
just uh taken a sharp intake of breath um usurper is currently making
sharing cash move with his hands yeah our main net setup is that and we're
also running testnet which is three times c6i 4XL
so saving money there yeah I mean this is about making these little savings where you can isn't it
um uh yeah and you know obviously I could be running a 110 I think Euro box on hatsner but
instead we're running on AWS so there you go um and yeah Rama says Jeff is very happy
about it yes he is I've been getting a lot of value out of the gifts of of Jeff Bezos laughing recently you recently you
you recently received a uh courtesy call right uh
so I I told all about this I we we got a call the other day
um to our business line um from our new AWS account manager who noticed that our usage had gone through
the roof that wasn't the term they used they used something like your Cloud on-ramping Journey looks like it's
accelerated recently um they said they would they they called
they called up the business line it goes through to my mobile by default and then round Robins so it went through to my
mobile picked it up and then they were like can we speak to the operations team please
and I was like excellent excellent we can't afford
whatever bill is coming um so with that in mind like in answer
your question of Are We selling no we're not but we would really like the bear Market to turn around because that AWS
bill is getting big um
Jeff yeah I think we were you looking for the one where he does that with all the things yeah
um yeah so we're not selling uh I don't think selling in this market is conducive to I mean
I've been a prolific Staker of late every time I do it I like shake my head
at myself I'm like yeah we've been staking everything since such a degenerate Man March April maybe
something like that since April yeah we've been restaking since April
so without like I don't want to be Shady or anything about it I'm just gonna like kind of state
some element but there's obviously like been quite a few large Juno grants because of the terror developer fund
there have also been grants Upstream to like the maintenance of cosmoasm for good [ __ ] reasons we don't exist
without them um and other Dev teams and all that sort of stuff some of that obviously those
teams do stake to get like a recurring revenue and some of it gets sold and also you know ditto with a lot of the
terror teams had to sell because they had to make payroll so there's been a lot of cell pressure on Juno I would say
in the last few months and that's in the context of like a wider market downturn so there's kind of two things like from
a short-termness perspective you're like well if I sell like or I'm sorry from like a long-term perspective and like a
personal perspective you kind of look at his business and go if we sell now are we really kind of just pinching from our own pocket later yeah but also you kind
of go well as a business if we sell are we contributing to an environment in which we undermine the faith of retail
or the faith of ordinary users of the platform because you need that positive energy
to bring like interest back in the project both from people who are like where
should I build but also like if the bull market does come back like where people
want to spend their energy and time and ultimately money if you are looking at places like Kraken where there's focal
liquidity at the moment but you know they put Juno in an email saying to people hey here's one of the cosmos
ecosystems projects we were interested in that's not going to happen if if the
cell pressure is always outweighing the buy right I wouldn't have thought so anyway
I really thought I really thought the crack and listening was going to kind of bust Juno out a little bit but it's really I think it's down 50 since it
launched on there or something like that even in the even yeah you're right I think it was on I think it was like five or six bucks I got it too at their point
I mean there's really there's just almost then that's what I mean yeah a lot of
those Terror developer fund grants didn't get uh actually shipped out to the projects they you know they had all
their negotiations what end of May 3 to June July was when they were receiving
their challenges of funding which you know and like Kraken was right at the end of July and you've got to think like
a lot of those teams were told don't sell immediately stage you're selling oh did this yeah so you've got to think
like July August September is when those funds were getting liquidated yeah Highlander down here is bloody uh
charting he's like what does it say two dollar Junior when Bitcoin hits a swoop of 14k other than that Juno floor is in
not doing that yeah one Jane chess coach
we got one new we got one new viewer on this show and you gotta butcher their name welcome Don there you go that's
what I like to hear you uh viewer number nine of a game of notes congratulations we individually and welcome every viewer
we can individually welcome everybody to this podcast
um oh man yeah crazy I would like to ask the panel oh we have a question of the opinion of
what me and Rama was discussing on changing the unbonding time of Juno
no for me that's a [ __ ] no Roma had a
tweet thread maybe a thread a short discussion around trying to load or talking about the the fact that
unbinding times don't really have any impact on price or those types of things and so the 28 days wasn't really doing
anything you think it's possibly the tokenomics Rama let's see about it over
a bit it it also uh keeps people away from staking and so sometimes that can
actually put pressure on the other side because they don't want to lock up for that long in uncertain markets and so it
does a 14 day or 28 day actually make any sort of difference in any sort of way is it just a pain in the ass
I think I was agreeing actually I I don't see there's any reason for it but I I don't know if there's
if somebody showed me some evidence that it would radically change if it was 14 days or seven days then I think we would
be that would be a more interesting conversation but my suspicion is as soon as you go over one day as soon as it's
locked at all that's the majority it's like you know you know how vacuum tube amplifiers work
like it because of the way we yeah men intimately a combination because
unfortunately typically are should be audio tape but often they're linear and
also the way we perceive decibels of volume the way the components work all that sort of stuff there's this
phenomenon where usually when you turn the amplifier on you turn it up to one and it's like quite quiet and then you
turn to two and suddenly it's [ __ ] air splitting and there is no middle ground and you're like
and it's like no no one thing but it's a whole set of factors that mean that the
end result is you really actually have a binary system you have this this volume control that looks like it's
linear it's a range right and it's actually binary it's just it's on or it's off right and I think people's
reaction to staking is a bit like that like they're either like the amp is slammed and they're like ah I'm gonna
react in this way because the staking is locked or they're like nad's liquid YOLO I'm not so but I would love to improved
like if somebody's done some research on this though it's they'll be sick um I I didn't think I'm like out of hand
against it my gut feeling that's just my my gut intuition is that raising it by a little bit sorry lowering it by a little
bit won't do much but you are my previous wrong yeah I mean the only my only data point I brought up
with him was like on the helium side which they do it's different structure because it's not like staking it's a honey badger bft
so there's a bunch of validators that each have a fixed stake amount and then um there's no really individual staking
list that's not custodial but but in that situation that unbinding they have an unbinding there of of
that's 275 000 blocks or something that ends up becoming like five or six months so when the from the point that you
choose to unstake it's six months and there's been a lot of talk there and like trying to get that down because it's just [ __ ] ridiculous and the
idea was that it was growing Network and there's a but there's a lot stake there's like 40 of all available or 45
or 50 or something like that and there was there was adamant structure around it needs to be this long otherwise
everybody's going to sell off and this token's gonna go down 95 and guess what Tokyo went down 95 so whether that
whether that would have been 96 or 98 or 99 if that structure was different but
now you have a significant amount of loss value that's in there as being a validator or even a token holder
whatever types of things and you're you know some of that you're you're working into right you're you're stuck in there but the idea that I think the idea that
staking period does anything to hold price pressure I think is just more than 14 days I think it doesn't
make a difference so you're probably right like I think I'm agreeing with you like anything more than you know it's
one seven fourteen that's infinitely long and somebody who's looking at this 14 versus five months uh or 14 maybe
versus a month like 28 days if it if you know I don't know if it has really that much of an impact
um so don't change KO better uh just comes in for the first
time and just slams down spicy [ __ ] on the table I like it about uh what do you guys think about the atom 2.0 I know
um pretty sure the phrase got uh thoughts and opinions I think we already
covered this earlier didn't we did we today God do I want to rug you
one to 44 45. you know like it's like when our 29 and
51 seconds it's a perfect time right when you're asking that question but I I held it