1
00:00:00,000 --> 00:00:04,900
Hi, so let's go around the room and you're like, well, I'm the fucking degenerate.

2
00:00:04,920 --> 00:00:09,600
I mean, sorry, I'm the technical SME on the product on the project and I'll be

3
00:00:09,600 --> 00:00:11,280
and you just like, what the fuck?

4
00:00:14,800 --> 00:00:20,200
Welcome to Game of Nodes, a weekly podcast on the cosmos from independent

5
00:00:20,200 --> 00:00:21,200
validator teams.

6
00:00:24,360 --> 00:00:27,280
Hello, apparently it's nine o'clock and welcome to Game of Nodes, a weekly

7
00:00:27,280 --> 00:00:31,520
podcast on the cosmos from independent validator teams.

8
00:00:32,840 --> 00:00:36,640
And once again, we've got special guest Null with us all the way from Australia.

9
00:00:36,640 --> 00:00:39,160
So expect a bit of lag.

10
00:00:40,440 --> 00:00:45,160
Also, you know, again, we can kind of weirdly see how you enjoying the standing desk.

11
00:00:45,160 --> 00:00:47,040
Null. I'm sitting down.

12
00:00:47,360 --> 00:00:48,360
Yeah, I should sit down.

13
00:00:48,360 --> 00:00:49,560
How long does that last?

14
00:00:49,560 --> 00:00:50,400
Wait, wait, hold a second.

15
00:00:50,400 --> 00:00:51,400
How long is your body?

16
00:00:52,440 --> 00:00:53,440
What? Yeah.

17
00:00:53,440 --> 00:00:56,200
From the mirror behind you, it really does look like you're standing.

18
00:00:56,200 --> 00:00:57,760
It does. Oh, there you go.

19
00:00:57,760 --> 00:00:58,440
No, it doesn't.

20
00:00:58,440 --> 00:01:01,240
See, the chair is oddly shaped like you're.

21
00:01:01,880 --> 00:01:03,600
See, I mean, it kind of looked like.

22
00:01:03,600 --> 00:01:04,600
I'm not going to lie.

23
00:01:04,600 --> 00:01:06,760
This chair is fucking garbage.

24
00:01:06,760 --> 00:01:07,760
I hate it.

25
00:01:07,760 --> 00:01:08,760
It's it's terrible.

26
00:01:08,760 --> 00:01:14,440
It's my it's my partner's chair and it's like one of those racing car chairs

27
00:01:14,440 --> 00:01:15,840
and it fucking sucks.

28
00:01:15,840 --> 00:01:19,120
So yeah, it's not great.

29
00:01:19,120 --> 00:01:20,520
But I just got her.

30
00:01:20,520 --> 00:01:23,080
I just got her back for having a shitty chair when I made a coffee.

31
00:01:23,080 --> 00:01:26,680
Her retainer thing was in a cup and I accidentally filled it with milk.

32
00:01:26,760 --> 00:01:27,760
So.

33
00:01:29,840 --> 00:01:33,800
Does it at least have like a like a PlayStation one star steering wheel or something?

34
00:01:33,800 --> 00:01:35,800
No, no.

35
00:01:35,800 --> 00:01:39,360
It's not like she's in the steering wheel.

36
00:01:39,640 --> 00:01:41,680
It's got patterns in the pleather.

37
00:01:41,680 --> 00:01:42,680
Pleather.

38
00:01:42,680 --> 00:01:43,680
Pleather.

39
00:01:43,680 --> 00:01:44,680
It's not leather.

40
00:01:44,680 --> 00:01:46,360
I get a sweaty asshole every day.

41
00:01:47,720 --> 00:01:51,200
Looking at our viewer count, it looks like everyone has completely given up on us.

42
00:01:51,200 --> 00:01:56,480
This is the final final straw in the in the bear market saga.

43
00:01:56,480 --> 00:02:00,640
Well, you know, we started with zero.

44
00:02:00,640 --> 00:02:01,640
We're back to zero.

45
00:02:01,640 --> 00:02:03,880
It's kind of the shit coin journey.

46
00:02:03,880 --> 00:02:08,680
The you know, like, you know, the the the joes, it was named the guy, Joseph.

47
00:02:10,560 --> 00:02:15,000
You know, the heroes, Jenny, like the archetypal several types of story that just told

48
00:02:15,000 --> 00:02:18,280
a Joseph Campbell, Joseph, of course, a fucking course shorts.

49
00:02:18,280 --> 00:02:19,560
He knows, of course, short.

50
00:02:19,560 --> 00:02:23,240
He knows that that is exactly kind of fact that I'm just like, yeah, short.

51
00:02:23,240 --> 00:02:23,880
We should know that.

52
00:02:23,880 --> 00:02:24,880
Yeah, that checks out.

53
00:02:25,720 --> 00:02:26,080
Yeah.

54
00:02:26,080 --> 00:02:27,480
So it's like a Joseph Campbell thing.

55
00:02:27,480 --> 00:02:30,920
So but instead of like the hero's journey, it's like the shit coins journey starts

56
00:02:30,920 --> 00:02:36,320
off the zero, goes up really quickly at the beginning, thanks to largely exogenous

57
00:02:36,320 --> 00:02:42,040
factors in our case, probably prop 16, tail end of the spiciest drama in maybe in

58
00:02:42,040 --> 00:02:43,800
the cosmos overall, I don't know.

59
00:02:44,320 --> 00:02:49,080
And then it's just been a long, slow slide from there on on onwards to to where

60
00:02:49,080 --> 00:02:49,920
we are now.

61
00:02:49,920 --> 00:02:55,480
Somebody would say, was it who was it that posted that chart of was it metal, the

62
00:02:55,480 --> 00:03:00,520
the blockchain where the price chart was just like basically backed out to zero.

63
00:03:00,520 --> 00:03:02,160
They're flat, flat, flat, flat slide.

64
00:03:02,320 --> 00:03:04,760
It's like, I mean, it's really it's like every cosmos chain right now, for the

65
00:03:04,760 --> 00:03:08,120
most part, like they're all at different rates of decline, but they're all kind of

66
00:03:08,120 --> 00:03:12,200
the slow, the slowly edging out, slowly edging towards.

67
00:03:13,040 --> 00:03:17,480
Now, now to to our on the other side of that, we have done zero marketing.

68
00:03:17,480 --> 00:03:20,080
We just put a tweet out literally when this started.

69
00:03:20,480 --> 00:03:21,640
Well, no reminder.

70
00:03:21,880 --> 00:03:27,360
But what I was going to say is that that that that chart that was shared, you may

71
00:03:27,360 --> 00:03:30,320
recall that there was a funny thing at the end of the chart.

72
00:03:30,640 --> 00:03:30,920
Yeah.

73
00:03:31,200 --> 00:03:34,280
Which is that right, right at the end of the chart, right on the far left of the

74
00:03:34,280 --> 00:03:37,400
price chart, there was a big buy, like a massive whale.

75
00:03:37,400 --> 00:03:38,440
There was a believer in there.

76
00:03:38,520 --> 00:03:40,240
Just some real believer.

77
00:03:40,320 --> 00:03:45,200
I kind of feel like with Game of Nose, we're still a long way before we we

78
00:03:45,200 --> 00:03:48,720
we reach that that whale moment when people start buying back in.

79
00:03:48,720 --> 00:03:53,120
So we're going to be here broadcasting throughout the bear market and beyond.

80
00:03:53,480 --> 00:03:57,360
For folks listening on the podcast, I would say that our downloads continue to

81
00:03:57,360 --> 00:04:01,600
increase the number of the number of people that actually download every week

82
00:04:01,600 --> 00:04:02,880
continues to go up.

83
00:04:03,360 --> 00:04:05,360
And it actually ended a little bit of a trajectory.

84
00:04:05,440 --> 00:04:10,600
So even though it show up live, we are more people are tuning in or at least

85
00:04:10,600 --> 00:04:13,680
starting the maybe it's a three seconds like, oh, this shit and they hang up.

86
00:04:13,680 --> 00:04:15,960
But that but hey, we'll take the viewer count there.

87
00:04:16,120 --> 00:04:20,160
Well, I think there is some evidence that I mean, certainly with YouTube based

88
00:04:20,160 --> 00:04:23,600
streams and podcasts that one of the biggest things you need is a large

89
00:04:23,600 --> 00:04:28,880
corpus of content before the algorithm starts recommending you.

90
00:04:28,880 --> 00:04:30,800
We also have the problem that we say fuck all the time.

91
00:04:30,800 --> 00:04:34,880
And so we get D, D listed and D monetized and we get kind of hellbanned.

92
00:04:34,880 --> 00:04:39,120
So it probably makes sense that our YouTube is always going to be a tough

93
00:04:39,120 --> 00:04:45,120
set because we get we're always getting shadow banned for my language specifically.

94
00:04:46,560 --> 00:04:51,920
What's interesting about that actually is that I purposely held off on the explicit

95
00:04:51,920 --> 00:04:55,840
tag on a bunch of our episodes, actually 99% of our episodes.

96
00:04:56,240 --> 00:04:58,480
I never tagged the actual podcast as explicit.

97
00:04:59,120 --> 00:05:02,160
And then just last week, I was like, why the fuck am I like, why the hell am I

98
00:05:02,160 --> 00:05:03,040
doing this? Who gives a shit?

99
00:05:03,040 --> 00:05:06,640
Like we don't want anybody you're 18 once nobody should be involved in this shit.

100
00:05:06,640 --> 00:05:09,200
If you're that young anyway, so who cares?

101
00:05:09,200 --> 00:05:11,120
And I added it and then the numbers went up.

102
00:05:11,120 --> 00:05:12,080
Yeah, baby.

103
00:05:12,080 --> 00:05:13,040
D-jins.

104
00:05:13,040 --> 00:05:19,520
I don't know what it wasn't 100% tied, but maybe there's no profanity.

105
00:05:19,520 --> 00:05:21,360
I don't want to listen to that shit.

106
00:05:21,360 --> 00:05:23,120
That's not a world I want to live in.

107
00:05:23,120 --> 00:05:25,280
I only built an explicit.

108
00:05:25,280 --> 00:05:27,120
I don't know.

109
00:05:27,120 --> 00:05:28,400
My feeling is through.

110
00:05:28,400 --> 00:05:30,720
You've traveled across America now.

111
00:05:30,720 --> 00:05:36,240
You're a man of the world, or at least a man of North America.

112
00:05:36,240 --> 00:05:42,880
I feel like on the whole, generalization, my impression of traveling across America

113
00:05:42,880 --> 00:05:45,120
is that Americans don't like profanity.

114
00:05:46,240 --> 00:05:50,320
They've more than other English speaking countries.

115
00:05:50,320 --> 00:05:55,360
Did I tell you that I had a long conversation with an Amish on the train?

116
00:05:55,920 --> 00:05:57,200
You did, yes.

117
00:05:57,840 --> 00:06:03,600
So I dropped many FNC bombs while I was talking to that Amish.

118
00:06:03,600 --> 00:06:06,720
And he did not seem phased at all.

119
00:06:06,720 --> 00:06:11,920
He was just interested in what I had to say about fucking nothing.

120
00:06:11,920 --> 00:06:18,480
He probably was just astonished that Australia was in fact a real place.

121
00:06:18,480 --> 00:06:20,720
He may have been scared.

122
00:06:20,720 --> 00:06:24,240
He was like, just not in smile.

123
00:06:24,240 --> 00:06:27,120
He was politely backing away.

124
00:06:27,120 --> 00:06:29,280
I was like advancing.

125
00:06:29,280 --> 00:06:34,160
Hey, man, I tell you about this crypto shit.

126
00:06:34,160 --> 00:06:36,080
Could I jump off this train?

127
00:06:36,080 --> 00:06:41,920
I had a weird, like, a really short but weird interaction with an Amish person on the train.

128
00:06:41,920 --> 00:06:45,120
And I genuinely, it was the first time I ever seen an Amish person in my life.

129
00:06:45,120 --> 00:06:46,720
And I was totally stunned by it.

130
00:06:46,720 --> 00:06:53,520
And this was back when I used to use Twitter as myself back in the real world, long before crypto.

131
00:06:54,640 --> 00:06:58,320
And I just tweeted something like, holy fuck, I just had a weird interaction with an Amish person

132
00:06:58,320 --> 00:07:01,760
on the train. And an Amish person fucking tweeted me back and like,

133
00:07:01,760 --> 00:07:04,640
fucking, all right, don't be big against Amish people with fucking pranks.

134
00:07:04,640 --> 00:07:05,680
We take trains.

135
00:07:05,680 --> 00:07:06,960
And I was like, oh, hold on.

136
00:07:06,960 --> 00:07:09,520
And you use fucking Twitter.

137
00:07:09,520 --> 00:07:10,880
And you use fucking Twitter.

138
00:07:10,880 --> 00:07:14,800
Like, I've not, I have given that I've only just met an Amish person for the first time.

139
00:07:14,800 --> 00:07:21,200
I am not an expert in the Amish, but I'm pretty certain that Twitter is off the fucking menu lads.

140
00:07:22,480 --> 00:07:26,400
But some Google revealed that some people consider the mobile phone

141
00:07:26,400 --> 00:07:31,920
to be a type of telephone, to be a type of telegraph, which then gets you back in the

142
00:07:31,920 --> 00:07:34,000
building and yes, you're fucking sorted.

143
00:07:34,000 --> 00:07:35,520
It's all fucking loopholes, right?

144
00:07:35,520 --> 00:07:37,600
Yeah. Desktop PC, no fucking chance.

145
00:07:37,600 --> 00:07:42,560
But telephone, which is basically a telegraph, will get you in the door with a mobile phone

146
00:07:42,560 --> 00:07:43,440
and you're on Twitter.

147
00:07:44,640 --> 00:07:46,000
I was talking to this lad.

148
00:07:46,000 --> 00:07:47,040
He was a racist.

149
00:07:47,040 --> 00:07:52,640
And I'm like, I was talking to this lad for a while.

150
00:07:52,640 --> 00:07:58,160
And they play fast and loose for those fucking rules.

151
00:07:58,160 --> 00:08:05,440
Let me tell you, like your man had one of those mobile phones that is like a chair.

152
00:08:06,160 --> 00:08:10,960
But it had like the dock, you know, like the old candy bar fucking thing with nothing on it.

153
00:08:10,960 --> 00:08:17,600
And it's just like text and call, like an old, like a Motorola fucking thing that you almost

154
00:08:17,600 --> 00:08:18,320
need to back for.

155
00:08:18,320 --> 00:08:19,360
You can still text.

156
00:08:19,360 --> 00:08:21,360
You can text.

157
00:08:21,360 --> 00:08:23,120
You fucking suspect.

158
00:08:23,120 --> 00:08:25,520
I mean, Twitter is just texting to everyone, right?

159
00:08:26,560 --> 00:08:31,600
Well, I mean, well, the reason it's originally 140 characters is because of the

160
00:08:31,600 --> 00:08:38,000
whatever it is, 155 character spare space, isn't it, on the ping from the cell tower.

161
00:08:38,400 --> 00:08:38,720
Okay.

162
00:08:39,600 --> 00:08:41,600
So like SMS is.

163
00:08:41,600 --> 00:08:42,320
Is that true?

164
00:08:42,320 --> 00:08:43,120
Yeah, I get it.

165
00:08:43,120 --> 00:08:43,600
I get it.

166
00:08:43,600 --> 00:08:44,080
I get it.

167
00:08:44,080 --> 00:08:44,400
Yeah.

168
00:08:44,400 --> 00:08:46,640
I don't have a fucking hour explanation.

169
00:08:46,640 --> 00:08:49,520
So you know, if you know your phone call, your phone calls home.

170
00:08:49,520 --> 00:08:53,440
So for those listening, it's something like you need to fact check this to get the exact

171
00:08:53,440 --> 00:08:53,840
details.

172
00:08:53,840 --> 00:08:58,640
It's something like your phone is was pinging cell towers to find out like where the nearest

173
00:08:58,640 --> 00:09:00,400
one is and what network is on blah, blah, blah.

174
00:09:01,280 --> 00:09:06,640
In that packet of data, it has a bit of extra space and that is the the spare space is the

175
00:09:06,640 --> 00:09:09,520
SMS and it's it's something like that.

176
00:09:09,520 --> 00:09:13,040
And it's also why, you know, if you're at like a big concert, like a festival or something like

177
00:09:13,040 --> 00:09:20,240
that, and you try and text your mates and say, oh, we're at the front by the fucking white guy

178
00:09:20,240 --> 00:09:21,680
with a massive dreadlocks.

179
00:09:21,680 --> 00:09:22,880
It was a tool concert.

180
00:09:23,840 --> 00:09:25,280
Viewers, it was a tool concert.

181
00:09:26,560 --> 00:09:31,680
Surprise, surprise, your text ain't going to fucking arrive because there's five.

182
00:09:31,680 --> 00:09:34,000
Well, first of all, there's two problems with that that concert.

183
00:09:34,000 --> 00:09:37,680
Number one is there's 5000 people trying to tell each other where they are at the Hammersmith

184
00:09:37,680 --> 00:09:42,160
Apollo in relation to Adam Jones's sick guitar tones.

185
00:09:42,160 --> 00:09:49,600
But also in the average tool concert of 5000 people, there are 3200 white guys with dreadlocks.

186
00:09:49,600 --> 00:09:52,880
So that landmark is completely useless to you.

187
00:09:54,240 --> 00:09:58,480
But the cell towers and their cell towers overloaded so nobody's text gets through.

188
00:09:58,480 --> 00:10:00,800
I used to have dreadlocks and really enjoy tool.

189
00:10:01,360 --> 00:10:01,840
Still do.

190
00:10:01,840 --> 00:10:02,320
What?

191
00:10:02,320 --> 00:10:03,280
No, you didn't do it.

192
00:10:03,280 --> 00:10:04,000
I would love to see that.

193
00:10:04,000 --> 00:10:05,440
You did not have dreadlocks.

194
00:10:05,440 --> 00:10:07,120
Like in show you a photo.

195
00:10:09,840 --> 00:10:11,280
I absolutely.

196
00:10:11,280 --> 00:10:12,400
Yeah, I need to see it.

197
00:10:12,400 --> 00:10:14,880
I was having a pretty good day as well.

198
00:10:14,880 --> 00:10:16,880
I was just thinking my day's going to be okay.

199
00:10:16,880 --> 00:10:18,720
I'm not sure it could get any better.

200
00:10:18,720 --> 00:10:21,520
And now, you know, my cup run is over, man.

201
00:10:22,000 --> 00:10:23,360
Looking forward to this for editing.

202
00:10:23,360 --> 00:10:24,080
I do want to see that.

203
00:10:24,080 --> 00:10:24,640
I won't.

204
00:10:24,640 --> 00:10:29,600
I won't put it up on here because it will get like proliferated throughout the internet.

205
00:10:29,600 --> 00:10:31,760
If I do because I'm a scumbag, yes, it will.

206
00:10:31,760 --> 00:10:32,880
So that's a good idea.

207
00:10:33,520 --> 00:10:35,200
But I will then ask you this.

208
00:10:35,200 --> 00:10:37,120
Sir, what is the best tool album?

209
00:10:37,920 --> 00:10:39,680
I like the last one that they did.

210
00:10:39,680 --> 00:10:42,560
I don't know the name of it, but it was the good one.

211
00:10:43,520 --> 00:10:44,320
Fear and Oculom.

212
00:10:44,320 --> 00:10:45,280
Fear and Oculom.

213
00:10:45,280 --> 00:10:47,040
Yeah, that's good.

214
00:10:47,040 --> 00:10:47,680
I really like it.

215
00:10:47,680 --> 00:10:48,320
Me too.

216
00:10:49,680 --> 00:10:50,800
Mine's Lateralis.

217
00:10:50,800 --> 00:10:52,160
I think that's my 10,000 days.

218
00:10:52,960 --> 00:10:53,520
10,000 days.

219
00:10:53,520 --> 00:10:54,560
I'm one of those.

220
00:10:54,560 --> 00:11:00,160
Look, I'm one of those guys who listens to like lots of different genres and bands,

221
00:11:00,160 --> 00:11:03,760
but never really knows the names of any of the songs or album.

222
00:11:03,760 --> 00:11:07,760
You're about to listen to the Leica version show on Triple J.

223
00:11:07,760 --> 00:11:10,080
And I love that.

224
00:11:10,080 --> 00:11:11,360
That is your favorite.

225
00:11:12,000 --> 00:11:15,840
So you serve Leica version on Triple J.

226
00:11:17,600 --> 00:11:19,360
I don't know how you can't love that shit.

227
00:11:19,360 --> 00:11:25,280
I just love like the like just the band's different flavor on all of them.

228
00:11:25,280 --> 00:11:25,760
I love it.

229
00:11:26,480 --> 00:11:27,520
You serve it.

230
00:11:27,520 --> 00:11:30,960
Do you ever watch any of the fucking the ones that I send through?

231
00:11:30,960 --> 00:11:33,760
Or you just like, oh, it's another Leica version video.

232
00:11:33,760 --> 00:11:34,480
Fuck.

233
00:11:34,480 --> 00:11:34,800
No, I was.

234
00:11:35,760 --> 00:11:36,640
You sent me one.

235
00:11:36,640 --> 00:11:39,760
It's always at the same time because it's like in the middle of my night,

236
00:11:39,760 --> 00:11:41,200
like in the middle of your night or something.

237
00:11:41,200 --> 00:11:45,840
So it's like you're up too late and then I get like this random link of a Leica version.

238
00:11:45,840 --> 00:11:48,720
And then like what I do is I just click on it and just watch it.

239
00:11:48,720 --> 00:11:51,920
And then now what I do is I jump ahead like four minutes after they get in to actually

240
00:11:51,920 --> 00:11:54,640
see what the hell is going to go on because that one that you sent me,

241
00:11:54,640 --> 00:11:58,400
which I will put the link in the show notes, I will find that one that it started weird.

242
00:11:58,400 --> 00:11:59,440
It just got off the rails.

243
00:11:59,440 --> 00:12:03,440
Like it was really that one with like the naked dudes, not naked, but they're like,

244
00:12:03,440 --> 00:12:06,480
like all greased up and they're like, what the fuck are you sending me?

245
00:12:06,480 --> 00:12:07,760
It was like three in the morning.

246
00:12:07,760 --> 00:12:09,360
I was like, what are you sending me?

247
00:12:09,360 --> 00:12:10,560
They're doing weights and shit.

248
00:12:10,560 --> 00:12:10,880
Be Eddie.

249
00:12:10,880 --> 00:12:11,120
Yeah.

250
00:12:13,280 --> 00:12:14,880
Link will be in the show to this one.

251
00:12:15,600 --> 00:12:18,000
There's another one that I'm sure I said you.

252
00:12:18,000 --> 00:12:22,720
It's it's peaking duck doing this cover of I kind of remember the fucking song.

253
00:12:22,720 --> 00:12:29,360
But just that there's this dude like with all this curly hair is like the front man for peaking duck.

254
00:12:30,000 --> 00:12:31,920
Like there's this other chick.

255
00:12:31,920 --> 00:12:34,240
I'm pretty sure she's not even like normally in the band.

256
00:12:34,240 --> 00:12:36,560
Right. And she's doing the singing doing a really good job.

257
00:12:37,120 --> 00:12:42,000
But this this other dude is on the guitar and he's like taller than everyone else.

258
00:12:42,000 --> 00:12:44,560
He's got this fucking mane of hair coming off him.

259
00:12:44,560 --> 00:12:50,400
Right. And then and then like he's just so fucking extra.

260
00:12:50,400 --> 00:12:54,720
He is just whenever I'm like having a shit morning, I like I put that song on.

261
00:12:54,720 --> 00:12:55,200
Hight me up.

262
00:12:55,200 --> 00:12:58,800
I just watched this guy's energy into the room and I'm like fucking now.

263
00:13:00,400 --> 00:13:01,760
It's it's pretty epic.

264
00:13:01,760 --> 00:13:04,160
Right. You'd remember it if you watched it.

265
00:13:04,160 --> 00:13:07,680
You probably fucking I'm trying to usually that one I was trying to block out.

266
00:13:07,680 --> 00:13:10,720
But now that we're making sure it's in the in the show notes for the show.

267
00:13:10,720 --> 00:13:17,840
So if you if you want to check out at home on your own time, you can see Niles extra man.

268
00:13:19,200 --> 00:13:24,320
What if it's a live version or if it's just a live session on Australian radio show.

269
00:13:24,320 --> 00:13:26,880
But I love one of my favorite ones.

270
00:13:26,880 --> 00:13:27,760
Obviously they're too fat.

271
00:13:27,760 --> 00:13:30,880
There are some really good like a versions and actually I'm slagging off.

272
00:13:30,880 --> 00:13:34,320
But I actually also spent some time on that YouTube channel.

273
00:13:34,320 --> 00:13:34,720
It's really good.

274
00:13:36,320 --> 00:13:38,320
I think I think it's like a version.

275
00:13:38,320 --> 00:13:38,800
I can't remember.

276
00:13:38,800 --> 00:13:43,840
There's obviously a big fan of the Australian progressive rock band Carnival.

277
00:13:45,280 --> 00:13:49,760
And one of my favorite moments is they're they do a live they just stream like a live session.

278
00:13:49,760 --> 00:13:54,800
And then right at the end as they finish, I think it's the song Aeons Aeons.

279
00:13:54,800 --> 00:13:58,880
Aeons must be Aeons actually off of asymmetry.

280
00:13:58,880 --> 00:14:01,200
Like really it's really emotional. It's like about the end of the world.

281
00:14:01,200 --> 00:14:05,680
It's about like the end of the mankind from like a plague or something like that.

282
00:14:05,680 --> 00:14:07,920
And you get right to the end of the singer Ian Kenny.

283
00:14:07,920 --> 00:14:13,840
Everybody's sort of wrapping up and he steps away from the mic, but the mic is still hot.

284
00:14:13,840 --> 00:14:16,160
And he just goes, I reckon that was the tits.

285
00:14:18,720 --> 00:14:20,240
And he just gets picked up by the mic.

286
00:14:20,240 --> 00:14:24,240
And that's literally the last thing you hear before the video ends is the last thing you see.

287
00:14:24,240 --> 00:14:27,120
And you're like, they're they're an Australian fan.

288
00:14:27,120 --> 00:14:30,400
What can you fucking say? That's that's fucking.

289
00:14:30,400 --> 00:14:32,720
Yeah, that's part of the fucking course of the lives.

290
00:14:32,720 --> 00:14:34,320
Too funny. Yeah, mute.

291
00:14:34,320 --> 00:14:36,800
So yeah, what's happening? What's happening in the cosmos?

292
00:14:36,800 --> 00:14:43,600
I I literally at the moment I am I'm nine to fiveing my cosmos experience,

293
00:14:43,600 --> 00:14:48,560
which is that I'm doing call one work behind the scenes and checking in with people and stuff.

294
00:14:48,560 --> 00:14:55,440
But I have come off Twitter for a little bit because just a bit. It's a bit silly.

295
00:14:55,440 --> 00:15:02,960
So other than Ben B basically sending me fucking what out of accelerators do it.

296
00:15:02,960 --> 00:15:05,120
So this is what we did. That's cool.

297
00:15:07,360 --> 00:15:12,560
Well, because there there was some I come who was somebody had got somebody who got in touch that

298
00:15:14,080 --> 00:15:19,200
Juno had funded to do some really specific work around supporting cosmism.

299
00:15:20,160 --> 00:15:23,200
I think it was recently or this is in the past.

300
00:15:23,200 --> 00:15:27,120
Yeah, I think I feel like it might have been subquery actually, because they were on the show

301
00:15:27,120 --> 00:15:32,080
and that does ring a bell. You can tell that I've had I've worked an eight hour day before

302
00:15:32,080 --> 00:15:38,000
coming on this because I am even more scared than usual. But yeah, it was something like that.

303
00:15:38,000 --> 00:15:40,960
And it was like, what was it like? What working with them? And I was just like,

304
00:15:41,840 --> 00:15:45,600
anybody's asking you for money. They're really nice to you until you give them the money.

305
00:15:47,520 --> 00:15:48,800
And they're fucking asshole.

306
00:15:48,800 --> 00:15:54,240
Yeah, to be fair, pretty nice afterwards as well, because you give them the money. But

307
00:15:54,240 --> 00:15:57,840
you know, it's just whether or not that's actually useful to you is obviously

308
00:16:00,080 --> 00:16:05,440
this is the kind of really lucid consultative advice you'll get from me, by the way, if you do

309
00:16:05,440 --> 00:16:10,960
actually if you do actually work with me in professional context. This is the kind of

310
00:16:10,960 --> 00:16:16,160
real cutting insight that I can give you. Be nice before you get the money and

311
00:16:16,160 --> 00:16:19,440
shortly thereafter you get the money. Is that your advice? Yeah, I mean,

312
00:16:20,560 --> 00:16:26,720
I mean, it was this this cautionary advice I would give to a company of any size going through a

313
00:16:26,720 --> 00:16:31,680
tender or due diligence process. Definitely being a dick before you get the money is a

314
00:16:31,680 --> 00:16:37,520
pretty although invalidator teams that happens all the time. There's I love we were just talking

315
00:16:37,520 --> 00:16:43,520
about we were just talking about like teams are yelling at projects about delegations and like,

316
00:16:43,520 --> 00:16:47,840
what the fuck are you doing? We're just laughing about that channel because it's

317
00:16:47,840 --> 00:16:51,920
it's always interesting to have when like maybe some partial delegation comes out or the team's

318
00:16:51,920 --> 00:16:55,760
not done or they haven't figured it out. And some of those go out and everybody who's not in that

319
00:16:55,760 --> 00:16:59,840
list just like some people are just like, whatever, you know, like maybe get asked behind the channels

320
00:16:59,840 --> 00:17:03,280
or maybe hasn't happened yet, you have some patients and some people are like, the fuck you

321
00:17:03,280 --> 00:17:08,720
doing, man? Like, where's where's my delegation? What the fuck? And it always makes me laugh to

322
00:17:08,720 --> 00:17:14,000
say, well, maybe maybe you should be nice before you get the delegation and then ask later about

323
00:17:14,000 --> 00:17:18,640
that. Well, the great part about this week was that they even decided to run like an impromptu

324
00:17:18,640 --> 00:17:24,160
poll on like, who thought the current delegation system was okay. And like that's just really

325
00:17:25,040 --> 00:17:30,720
that's advanced. Mark is what that is. That's just advanced fucking passive aggressive behavior

326
00:17:30,720 --> 00:17:34,720
that is. And then and then actually the crow's nest, the bro came out and said is like,

327
00:17:34,720 --> 00:17:37,920
and this validator's running at 0%. It didn't make a fucking difference anyway.

328
00:17:37,920 --> 00:17:42,560
Like, what do you worry about delegation for like, it's coming to 0%. Like what the fuck?

329
00:17:43,120 --> 00:17:48,320
It's just weird. Like, that was like, why would you never in 0% and you're yelling about lack of

330
00:17:48,320 --> 00:17:54,960
foundation delegation? I gotta get to the top, bro. That's the name of the game. Get to the top.

331
00:17:54,960 --> 00:17:59,760
Get to the top. I want my name on top. Yeah. Before we get too far off under the cosmos land,

332
00:18:00,320 --> 00:18:06,400
I want to talk about some other bullshit. And that is, do you guys know Corey Taylor personally?

333
00:18:06,400 --> 00:18:10,720
No, like from the internet, you know, I'm talking about no idea who you're talking about.

334
00:18:10,720 --> 00:18:15,600
The Slipknot guy, the Frey probably knows. Oh, yeah, yeah, yeah, yeah. That guy. Yeah.

335
00:18:15,600 --> 00:18:19,600
I thought there was some other Corey Taylor like some fucking crypto guy that

336
00:18:19,600 --> 00:18:22,560
know you're like, oh my God, it's like, it's not the

337
00:18:23,200 --> 00:18:26,880
null notes of music. Is that one of the guys that implement a slidity?

338
00:18:26,880 --> 00:18:37,600
So anyway, he does a concert of covers called Hated. It's recorded on YouTube.

339
00:18:37,600 --> 00:18:41,760
Watch it as well, man. It's got some fucking good songs in there. That guy's amazing,

340
00:18:41,760 --> 00:18:46,080
actually. He's got a fantastic voice. It's got a crypto guy named to it,

341
00:18:46,080 --> 00:18:50,800
to Corey Taylor. And he's really not a dick. Oh, maybe not a crypto guy.

342
00:18:50,800 --> 00:18:56,480
I've just listened to shit loads of everything, everything recently. That's just been my, the

343
00:18:57,840 --> 00:19:03,680
fucking surrealness of Jonathan Higgs's lyrics is just where my head is right now.

344
00:19:07,440 --> 00:19:11,440
Well, like there's a great light. Like I was listening to just before I did this,

345
00:19:11,440 --> 00:19:16,880
I was just just early, I was finished off some writing work. Again, one of my many fucking gigs.

346
00:19:16,880 --> 00:19:22,800
And I was listening to one of their, the least single of the first album,

347
00:19:22,800 --> 00:19:27,920
Mikey's Your Boyfriend. And there's a line in it, something like,

348
00:19:29,200 --> 00:19:36,800
the whole song is about an argument in a pub between a guy, the protagonist who is confronting

349
00:19:37,600 --> 00:19:42,560
what is implied to be the ambiguously former lover of his girlfriend.

350
00:19:42,560 --> 00:19:48,480
Right. And there's a line in it, something like, Hey, are you guys together? Oh, I've just seen

351
00:19:48,480 --> 00:19:54,960
your torso on the floor. I guess you're separated. It just, his fucking lyrics just to say they're

352
00:19:54,960 --> 00:19:59,600
amazing. Because if you, the lyrics don't make any sense, right? And then you, you,

353
00:20:00,800 --> 00:20:06,880
the, what the thing is about the song is actually about is having a mundane fight in a pub,

354
00:20:06,880 --> 00:20:10,880
probably in Oldham, because it's based in Greater Manchester. Sorry, Oldham.

355
00:20:10,880 --> 00:20:17,120
Um, maybe Eccles could be Eccles, could be Wangy's bar and Eccles. Sorry, Wangy's bar and

356
00:20:17,120 --> 00:20:23,440
Eccles. That was like the most hyper specific reference I've ever made. I once saw, so this

357
00:20:23,440 --> 00:20:31,360
is another high specific reference. If you know who Bez is, I once shot a news article,

358
00:20:31,360 --> 00:20:36,880
as a photographer, shot a news article about Bez running for political office at Wangy's bar in

359
00:20:36,880 --> 00:20:41,680
Eccles, one of the strangest freelance gigs I've ever done in my entire life. Anyway,

360
00:20:41,680 --> 00:20:46,000
what becomes obvious is that this is just a bar fight, right? But what actually happens while

361
00:20:46,000 --> 00:20:51,120
they've been having a bar fight, they haven't been watching the news and nuclear war has broken out

362
00:20:51,120 --> 00:20:58,640
between presumably Russia and the rest of the world or something. And actually, the, the pub

363
00:20:58,640 --> 00:21:04,640
has just been caved in by a nuclear shockwave. And so the song is about the protagonist coming to

364
00:21:04,640 --> 00:21:11,200
the realization that he is about to die because the building is collapsing, but he's sort of laughing

365
00:21:11,200 --> 00:21:15,840
to himself about the surrealness of the situation. And that's quite, quite a typical sort of level

366
00:21:15,840 --> 00:21:20,240
of an everything, everything song where it looks like it's a breakup song. And then you read more

367
00:21:20,240 --> 00:21:25,040
closely and you're like, there's all these references to the wall disintegrating and the

368
00:21:25,040 --> 00:21:30,240
people around him being ripped pieces in a nuclear fireball. I don't think they're just like angry

369
00:21:30,240 --> 00:21:33,680
and fighting each other with pork use. I think they're actually are being ripped apart by a

370
00:21:33,680 --> 00:21:38,480
nuclear fireball. Amazing band. Amazing band. Anyway,

371
00:21:40,240 --> 00:21:44,960
DrillTweet of the Week. We're going up to the DrillTweet of the Week.

372
00:21:47,120 --> 00:21:51,360
You missed one of the weeks when you were off now. That was actually a situation where I used

373
00:21:51,360 --> 00:21:54,800
a DrillTweet in anger, but that was another. Okay, so the section is-

374
00:21:54,800 --> 00:21:58,240
I watched when I was off. I was still watching. I was just driving.

375
00:21:58,240 --> 00:22:04,160
Right. He did DrillTweet of the Second Book and there was briefly a meme on YouTube where some

376
00:22:04,160 --> 00:22:10,800
of the funniest stories from the second DrillTweet book, people got the M&M voice thing. You know,

377
00:22:10,800 --> 00:22:16,320
you can feed it lines and it will wrap them like M&M to read out the stories. And there's this

378
00:22:16,320 --> 00:22:22,000
amazing one about DrillTweet trying to buy a car. And there's this line in it where it says something

379
00:22:22,000 --> 00:22:27,920
like, the salesman took one look at me and realized that I was in no good piece of shit.

380
00:22:29,680 --> 00:22:34,640
Oh, did that say? The salesman took one look at me and decided that I was not to be taken seriously.

381
00:22:34,640 --> 00:22:40,640
That's the line. That's what it's. Fucking love. That's just like the story of my fucking life.

382
00:22:41,760 --> 00:22:45,920
No matter what I do, I feel like that is perennially my fucking problem.

383
00:22:45,920 --> 00:22:58,000
Okay. So the section is Hollywood. And the tweet is, my regular life and my Ocean's 11

384
00:22:58,000 --> 00:23:03,840
fan fiction life have collided in a horrible fireball. I'm not sure I fully get one, but I'm

385
00:23:03,840 --> 00:23:08,480
sure it's wisdom will reveal itself to me over time. Also, there's this, I don't know if you can

386
00:23:08,480 --> 00:23:12,720
see there's a massive fly just flying around right by my head, which is really fucking.

387
00:23:12,720 --> 00:23:18,480
I thought we got rid of that segment. It's, um, they keep going back. Someone keeps mentioning.

388
00:23:19,680 --> 00:23:24,720
Just keeps being relevant is the problem. So, um, so what's happening this week?

389
00:23:25,440 --> 00:23:28,400
A couple of network launches this week, right? Say,

390
00:23:28,400 --> 00:23:32,320
No, it's launched yesterday. Oh, that's a fashion. Fashionably.

391
00:23:32,320 --> 00:23:38,480
They're still not live yet. Not live. Not live yet. Yeah. Uh, wait, Nollis, right?

392
00:23:38,480 --> 00:23:45,200
Is that what was? Nollis was fun too. That one was brutal. What is it? What is Nollis again?

393
00:23:46,400 --> 00:23:51,840
Uh, I believe that's margin lending. Um, kind of like in the vein of Quasar where, um,

394
00:23:51,840 --> 00:23:57,920
Quasar, Quasar, how we decided it's called? That's, we, we as the rest of the world,

395
00:23:57,920 --> 00:24:02,320
yes, we've all decided that it's Quasar. Okay. Okay. Uh, I think, I think it's margin

396
00:24:03,280 --> 00:24:07,920
lending, margin lending. Yeah. I think so. Using ICA and stuff. Okay.

397
00:24:07,920 --> 00:24:12,960
Why, why was it, why was it so interesting start? The launch was hilarious because, uh,

398
00:24:13,920 --> 00:24:20,560
like just a couple of random validators seem to have an infinite amount of fucking tokens.

399
00:24:20,560 --> 00:24:28,960
And so, um, Genesis. Yeah. And was it a mistake? No, but like, so I can't remember the validator.

400
00:24:28,960 --> 00:24:35,920
They're a real pissy cause I was like up them. But, um, one of the validators, uh, just deli,

401
00:24:35,920 --> 00:24:42,000
everyone had one, one token, right? And this guy delegated like a million tokens to himself.

402
00:24:43,360 --> 00:24:48,800
Not against died. Well, it's just like the whole network was just this one dude. And, um,

403
00:24:49,920 --> 00:24:56,160
and then like, uh, everyone got up in and he's like, I was just testing my bots. And I was like,

404
00:24:58,320 --> 00:25:02,960
I don't count on that shell. The funny thing is that that was his defense. He's like, oh,

405
00:25:02,960 --> 00:25:09,360
we were testing out auto compound bots. And I'm like, so not only are you delegating a million

406
00:25:09,360 --> 00:25:16,160
tokens to yourself, you're testing bots with your fucking validator key. Like that's not better,

407
00:25:16,160 --> 00:25:20,320
dude. Your auto-comphone shell. It's like, that was his defense though. He's like, oh, we were

408
00:25:20,320 --> 00:25:25,440
testing our bots. I'm like testing my bots. You're just fucking kicking yourself in the shin more

409
00:25:25,440 --> 00:25:28,960
times. Did they run an incentive based test or how did they, how did they determine like initial

410
00:25:28,960 --> 00:25:35,360
delegations and all that? I think these guys bought tokens. One of those. Yeah. I won't say who

411
00:25:35,360 --> 00:25:41,920
they were. It's like the, it's like the figment style. When you see a network launch and you see

412
00:25:41,920 --> 00:25:48,560
like somebody like figment, just like, you never come in after not spending any time on the network

413
00:25:48,560 --> 00:25:55,680
at all in any test. Like they joined the discord like the deal. Yeah. There's one massive delegation.

414
00:25:55,680 --> 00:26:00,880
You know, like that meme with the, where the guy is just cycling along happily and then he

415
00:26:00,880 --> 00:26:05,280
gets a stick and then looks at it and then puts it in the spokes bicycle that is like the next

416
00:26:05,280 --> 00:26:11,200
picture is on the floor. He's holding his leg going, ah, it's like that. Wasn't there another

417
00:26:11,200 --> 00:26:18,960
network where like an institutional team came in super late doors and then they were the reason

418
00:26:18,960 --> 00:26:24,800
it crashed on start. I feel like that happened not too long ago. It feels like it happens all the

419
00:26:24,800 --> 00:26:30,240
time. I mean, it feels like it happens all the time really. It is pretty funny. What's this

420
00:26:30,240 --> 00:26:36,240
fucking door hacks lately have just been rolling up and going like five minutes before the network

421
00:26:36,240 --> 00:26:39,920
starts and like, hi, I'm Dora Hacks. How do I get into mainnet? They're like, come this way.

422
00:26:43,760 --> 00:26:48,240
They must be buying the sets too because I think they're an apt host right now and I think they

423
00:26:48,240 --> 00:26:53,600
just got pulled in right with the second preview and all that stuff. Hang on. What was that? They

424
00:26:53,600 --> 00:26:58,240
just started on apt host? I thought that they, I could be wrong, but I thought she'll see we

425
00:26:58,240 --> 00:27:02,000
know this or maybe Frey would know this, but I thought they were not in the original set and

426
00:27:02,000 --> 00:27:06,080
then they were one of a couple that pulled in after the preview net. I think that's correct.

427
00:27:06,880 --> 00:27:12,800
I seem to remember that. Yeah. So either they are, and I don't know if that's, I don't know the

428
00:27:12,800 --> 00:27:18,320
history of that because if you look at the preview net performance, they were like almost dead last,

429
00:27:18,320 --> 00:27:25,600
like almost dead last. So it wasn't, it was not a like, oh, shit, we got to get you in here

430
00:27:25,600 --> 00:27:28,720
type of situation, I think from a performance side, but I, you know, I could be wrong.

431
00:27:28,720 --> 00:27:31,200
Are they like a biggie, phallidator or something? I don't know.

432
00:27:31,200 --> 00:27:35,760
I would assume so. Yeah, they're big in other echoes. They're like big pools.

433
00:27:35,760 --> 00:27:39,760
Solana maybe? Was that what it was? There's something. I think they're in ETH.

434
00:27:40,640 --> 00:27:44,160
It's probably ETH too. Yeah. So anyway, but I think that's right. I think that's where that's

435
00:27:44,160 --> 00:27:49,440
coming from. I think there's a bunch of that, that kind of core, you know, there's enough that's

436
00:27:49,440 --> 00:27:54,240
going on in those home ecosystems, but now you come to Cosmos and, you know, you bring 30 grand

437
00:27:54,240 --> 00:27:58,960
to a chain and you have a decent delegation on some shit, some shit chain. Yeah. Right. So

438
00:27:58,960 --> 00:28:02,400
there's been a bit of that recently where I've been going to like physical meetups where they're

439
00:28:02,400 --> 00:28:07,200
more like, I mean, of course, they're like ETH focused because it's like the biggest eco

440
00:28:08,240 --> 00:28:12,560
outside of Bitcoin. And it's the biggest eco really because Bitcoin doesn't seem to have like

441
00:28:12,560 --> 00:28:18,080
as coherent a community almost as Ethereum. Bitcoin is just like the meme and Ethereum seems

442
00:28:18,080 --> 00:28:22,000
to actually have like an inverted comm as a community. Although a lot of people seem like

443
00:28:22,000 --> 00:28:29,920
they're quite like, I work in commercial property and I'm into crypto. Therefore, I hold some ETH

444
00:28:29,920 --> 00:28:36,800
and some L2 tokens. That kind of is like, and I don't mean that like being a fucking penis.

445
00:28:36,800 --> 00:28:41,200
Like I know everybody like this is a hobby and it's like just kind of interested in cool.

446
00:28:41,200 --> 00:28:46,080
We all started just poking around the edges of it or whatever. But that kind of seems like the

447
00:28:46,080 --> 00:28:51,760
average person that you kind of talk to one of those meetups is somebody who has a professional

448
00:28:51,760 --> 00:28:57,440
job with a bit of extra income and they bought some L2 tokens around ETH and they maybe hold

449
00:28:57,440 --> 00:29:03,680
a couple of Ethereum. It's that kind of the vibe. But the two things that are really surprising

450
00:29:03,680 --> 00:29:08,320
about that were not surprising. Nobody has a fucking clue about any other ecosystem apart from

451
00:29:08,320 --> 00:29:16,400
Ethereum like Cosmos, like Huda. But also just like the mechanics of staking and stuff are really

452
00:29:16,400 --> 00:29:20,960
poorly understood because I guess in Ethereum, although it is proof of stake now, most people

453
00:29:20,960 --> 00:29:26,160
don't really have to interact with that and like liquid staking is maybe more commonly

454
00:29:26,720 --> 00:29:32,720
encountered than like the actual validator mechanics is not, most people don't have much of an

455
00:29:32,720 --> 00:29:37,760
exposure to it. So that's really, really interesting because people are like, well, Ethereum is proof

456
00:29:37,760 --> 00:29:40,800
of stake too. And people are just like, what's a validator? And you're like,

457
00:29:41,760 --> 00:29:44,320
it's a marketing company that it's a marketing company.

458
00:29:45,040 --> 00:29:45,920
Run servers and shit.

459
00:29:47,360 --> 00:29:53,120
So we're just all, there was, there was, but it's the other funny thing, actually,

460
00:29:53,120 --> 00:29:57,600
is people asking you, well, how does the validator company make money? And you're like,

461
00:29:58,160 --> 00:30:05,760
doesn't guess work. Good timing, good luck, not good timing, because that would imply some element

462
00:30:05,760 --> 00:30:11,920
of skill, I think. Right time, right place. Relationships. Yeah. Relationships.

463
00:30:12,800 --> 00:30:16,640
It's the, it's the fucking artifact. It's the artifact approach, isn't it?

464
00:30:17,680 --> 00:30:20,800
Speaking of relationships, check out this fucking awesome thing that I have here.

465
00:30:20,800 --> 00:30:26,720
That looks like some cheap sweet man. That's fucking, hey, that is not a fucking swag.

466
00:30:26,720 --> 00:30:31,440
I love that shit. The phrase spending all these hard end fucking contractor money on swag.

467
00:30:31,440 --> 00:30:35,920
I know. I'm taking the dollars right out of Jeff Bezos pockets.

468
00:30:37,520 --> 00:30:38,960
This swag doesn't pay for itself.

469
00:30:38,960 --> 00:30:42,240
Give me a care package of swag all the way to Australia.

470
00:30:42,240 --> 00:30:47,040
It was nice. I got a couple, the first me a couple items in mail, and then he sent me a very nice

471
00:30:47,040 --> 00:30:50,800
note. The note is out with a handwriting analysis firm right now to figure out what the

472
00:30:50,800 --> 00:30:58,480
fuck actually it says since maybe by far the worst handwriting I've ever seen anywhere by anything.

473
00:30:58,480 --> 00:31:00,720
It's a collection of favorite drill tweets.

474
00:31:00,720 --> 00:31:07,200
It is, it literally, it's like, it's like you, it was like, you shoved a pen in your asshole and

475
00:31:07,200 --> 00:31:11,840
just sat over the, sat over the thing, just kind of wiggled your ass a little bit. It is,

476
00:31:11,840 --> 00:31:16,400
I think through my wife and I, we both looked at it and then my, then my wife took,

477
00:31:16,400 --> 00:31:20,000
well, you had this huge bright light on it and I'm like, all right, here's some keywords that

478
00:31:20,000 --> 00:31:25,280
might be in there. See if you can actually use this. It's like, so we kind of Rosetta stoned

479
00:31:25,280 --> 00:31:29,200
it backwards. Like, all right, that's what an S looks like. And then we figured it backwards.

480
00:31:29,200 --> 00:31:31,040
And then now we figured out what the note was and it was very nice.

481
00:31:31,040 --> 00:31:33,200
So you've built your own cipher?

482
00:31:33,200 --> 00:31:36,480
We did. Yeah. It's very important. It's like, I turn it into a font.

483
00:31:37,440 --> 00:31:42,640
If you use pen and paper, like habitually to write with in client meetings, if you have a

484
00:31:42,640 --> 00:31:47,360
journal that's, that's, that's, you know, pen and paper, it's very important for it to be essentially

485
00:31:47,360 --> 00:31:49,600
an unbreakable code. Just in that sense.

486
00:31:49,600 --> 00:31:55,920
It was, man. It was, this was like, once I was in it, I was in a, I was in a meeting at a place I

487
00:31:55,920 --> 00:32:02,240
worked and I, this is when I abandoned using two colors to make my notes in meetings was,

488
00:32:03,360 --> 00:32:08,080
it was like some, some tender thing, that some preliminary thing. And the people that come in,

489
00:32:09,040 --> 00:32:13,120
Microsoft, whoever, some integration company, whatever, they're charging you a load of money

490
00:32:13,120 --> 00:32:19,200
for something you don't need. They said something and apparently, and my, my, my boss starts like

491
00:32:19,200 --> 00:32:24,240
he's kicking me under the table and like, I look on my laptop and he sent me like a slack message

492
00:32:24,240 --> 00:32:29,760
or something. It's been like, I can see the fucking red on your pad and everybody else can.

493
00:32:29,760 --> 00:32:34,080
And literally, it's like, although my notebook is like right next to me on the table, I just

494
00:32:34,080 --> 00:32:39,360
written like, what? It all caps in red at the bottom of the page. And you could like really,

495
00:32:39,360 --> 00:32:43,520
I put it all across the table. You could just see it. I just like, what? And then like a metal

496
00:32:43,520 --> 00:32:50,160
gear solid style exclamation. Oh, yeah. And you just like, good one, mate. Just next time, don't

497
00:32:50,160 --> 00:32:54,480
fucking use red. And I was like, okay, no, the red pen is going in the bed. Like,

498
00:32:54,960 --> 00:32:59,040
that's one of those consulting things too, as you start using that shit. And now the systems are

499
00:32:59,040 --> 00:33:01,680
a little bit better because they won't like show notifications when you're when you're displaying

500
00:33:01,680 --> 00:33:06,400
and stuff. But I remember in days, we used to have like a laptop or something. And then you get a

501
00:33:06,400 --> 00:33:10,160
notification like somebody in the room would say, this is the most boring presentation I've ever

502
00:33:10,160 --> 00:33:13,840
seen. And the little, it just come down the corner like bloop. And everybody would see it with their

503
00:33:13,840 --> 00:33:20,240
name on it. And you just be like, oh, my God. So just miserable. I saw that the other day at a thing

504
00:33:20,240 --> 00:33:24,400
where some where somebody got like the classic, hey, are you free? I've just tried to call you

505
00:33:24,400 --> 00:33:28,080
twice. It's just like, yeah, they're written like a really important meeting, man. Right.

506
00:33:28,880 --> 00:33:32,480
I mean, any meeting the moment is obviously going to be pretty fucking important. Let's face it.

507
00:33:32,480 --> 00:33:39,680
Because, um, no, they're not smub. package question. I'm pretty sure you have a signal

508
00:33:39,680 --> 00:33:46,160
message dated some fucking time ago where I said, what size are you? I think you're a medium, aren't

509
00:33:46,160 --> 00:33:56,480
you? Yeah, medium. The Juno shirt was like on the limit of what I can fit over my beer gut. So

510
00:33:57,120 --> 00:34:04,320
Oh, it's too too small. Yeah, just just so maybe whatever that was, just I think it was medium,

511
00:34:04,320 --> 00:34:12,480
medium. Maybe UK is a small people. I don't know. I feel like this is a medium or small jumper.

512
00:34:13,200 --> 00:34:20,480
And it seems to fit all right. So you were US, US medium and large and stuff are different from EU,

513
00:34:20,480 --> 00:34:24,560
UK, right large and jumper here means like it has footies on it and shit.

514
00:34:24,560 --> 00:34:34,960
It's a little bit jump. Sorry, me back in sweater. Yeah. He's sweater. Um, yeah, I don't know. Maybe

515
00:34:34,960 --> 00:34:39,760
large. Yeah, especially if it's a hoodie. I like a baggy hoodie. Okay. What the fuck were we talking

516
00:34:39,760 --> 00:34:46,000
about? I was going to send you a hoodie. You fucking dick. Well, you just had to ask. You had to ask.

517
00:34:46,880 --> 00:34:49,920
So is that it for chain lunches this week? Anything else? Start? That's it.

518
00:34:49,920 --> 00:34:56,080
Hey, I think it's a new trial. Oh, there's that other wasn't that wasn't there some other weird

519
00:34:56,080 --> 00:35:01,920
one that there was easy? Is it Cosmos chain that that humans AI thing we were talking about where

520
00:35:01,920 --> 00:35:07,520
quite a few of us had just like weird approach from their launching next week. And that's

521
00:35:07,520 --> 00:35:11,360
that's launching soon, isn't it? That was the one where it was very like, we're going to launch a

522
00:35:11,360 --> 00:35:15,760
thing and you should buy in and you're like, okay, but what is the product you're launching?

523
00:35:15,760 --> 00:35:23,120
Mm hmm. And then maybe have a great product. I shouldn't trash talk. I'm just gonna

524
00:35:23,680 --> 00:35:27,520
have to wait till it's released. Then you can try it. You can trash talk it after

525
00:35:27,520 --> 00:35:33,920
May night. That's right. That's how it works. Yeah. That's correct. So yeah,

526
00:35:33,920 --> 00:35:39,440
there's actually quite a lot of chain launches actually in the Cosmos now.

527
00:35:39,440 --> 00:35:45,760
This is like, yeah, the bottom of the bear market market launch strategy. I mean, I guess you

528
00:35:45,760 --> 00:35:50,320
can't wait, right? I guess you have to. It's kind of like dollar cost averaging. Like if you're

529
00:35:50,320 --> 00:35:54,720
starting all this and you need revenue and you have to have some sort of start point. So,

530
00:35:54,720 --> 00:35:59,680
but it always surprises me that that like it said, and I think I asked you this as well. No,

531
00:35:59,680 --> 00:36:02,480
I always thought it was a bad time to start, but you said it was a good time to start when it's

532
00:36:03,200 --> 00:36:09,200
in the doldrums. Well, you don't want to be like at the peak of a bear market of a

533
00:36:09,200 --> 00:36:13,840
bull market because then your your token gets dragged down with everything when it inevitably

534
00:36:13,840 --> 00:36:19,840
shits the bed. If you start the other way around, you can open with your, you know, you can hit

535
00:36:19,840 --> 00:36:26,720
your target market cap that you want. And then you've only really got one way to go. Yeah. When

536
00:36:26,720 --> 00:36:34,080
things turn around, you might like there's no aggressive tanking in a bear market. Like there's

537
00:36:34,080 --> 00:36:38,800
not people out there just like aggressively selling the fuck out everything. They're just like selling

538
00:36:38,800 --> 00:36:45,760
rewards for dick. So, you know, once the once the market turns, you want to be like,

539
00:36:46,560 --> 00:36:51,280
but you want to have runways to have your mark and your your your price go up. You don't want to

540
00:36:51,280 --> 00:36:57,040
like immediately shoot yourself in the foot with price go down. So yeah. And I guess you can keep a

541
00:36:57,040 --> 00:37:02,480
decent token price at launch and you're not just sweating it out. That's a pretty good price.

542
00:37:02,480 --> 00:37:09,520
All right. There's like a lot less participants in the ecosystem at the moment too. And I think

543
00:37:09,520 --> 00:37:14,480
that like people have much lower expectations of what airdrops and shit should look like, you know,

544
00:37:14,480 --> 00:37:17,680
so you can like deck people on the airdrop a little bit and you like use your 20 cents.

545
00:37:18,480 --> 00:37:22,160
Like we're watching about today with that neutron thing. Holy shit. There was like,

546
00:37:22,160 --> 00:37:24,400
they spent 20 minutes on this. I got 47 cents.

547
00:37:24,400 --> 00:37:33,760
But like the aggressive selling as well as just like, if your airdrop is too big,

548
00:37:33,760 --> 00:37:39,120
people will just sell the shit out of it into the floor. Yeah. Like I showed it with Neda.

549
00:37:40,640 --> 00:37:49,760
Oh, bitch. Ben Davis. The Juno has just been slowly being burned. But I have a theory about Juno

550
00:37:49,760 --> 00:37:56,960
that like that. I think that the main drag on Juno is airdrop recipients from ages ago. I think

551
00:37:56,960 --> 00:38:02,640
about I talked about it last week, but Evmos is probably mainly due to like a turn in sentiment

552
00:38:02,640 --> 00:38:08,880
because of that founder selling the fuck out of tokens. But it wasn't that much, right? It was

553
00:38:08,880 --> 00:38:15,600
like it was like $64,000. Like it wasn't like a rediculous. It's the fear, you surfer, because

554
00:38:15,600 --> 00:38:21,440
he's got 34 million tokens. Right. Right. No, I understand. I understand. Yeah. Which is like

555
00:38:21,440 --> 00:38:26,560
a whole half a million or something. But I think the fear or he's trying to sell like half a million.

556
00:38:26,560 --> 00:38:30,720
But the fear is that he's like, well, he's out. So he's going to dump the fuck out of them. So

557
00:38:31,280 --> 00:38:38,800
yeah, it was like $365,000 worth of tokens in the wallet or something like that.

558
00:38:38,800 --> 00:38:43,600
Which I mean, again, not nothing to sneeze at. And it's a big number. But there's also thin

559
00:38:43,600 --> 00:38:48,800
liquidity on Osmosis with them. For sure. I mean, the thing about these numbers though is you've

560
00:38:48,800 --> 00:38:54,480
got to remember that the height of Prop 16, when that kicks off, the amount of tokens into Kumi's

561
00:38:54,480 --> 00:39:02,240
wallet was $120 million. Yeah. So like sometimes when I get that we're in a bear market, I get

562
00:39:02,240 --> 00:39:06,080
that there's a lot of fun, I get that people are like, oh shit, man, like this one's got like

563
00:39:06,880 --> 00:39:11,760
a significant portion of the liquidity for a chain is locked up in one account, one founder,

564
00:39:11,760 --> 00:39:19,600
whatever. But I just can't, I think my brain has been permanently broken by the combination of

565
00:39:19,600 --> 00:39:24,720
AppChain Winter and then the way that led into Prop 16. I just like, if it's not $50 million,

566
00:39:24,720 --> 00:39:28,160
I'm just like, oh, it's not a bigger number, is it really?

567
00:39:28,160 --> 00:39:32,320
Well, that and everybody, but there were a group in that guy with like, we were talking about Jake

568
00:39:32,320 --> 00:39:37,280
last week, but with Jake's numbers and that was like in the same sentence. Like it's,

569
00:39:37,280 --> 00:39:42,880
these two are exactly the same. Like, no, they're not. These numbers are far away from each other.

570
00:39:46,080 --> 00:39:50,480
Like I know it's like quite literally 360,000 sounds like a big, but it's not big compared

571
00:39:50,480 --> 00:39:58,800
to 6.4. Like we're doing some math here. Yeah, exactly. But hey, you know, the flip side of

572
00:39:58,800 --> 00:40:02,560
this stuff is that like, I think that the market is going to turn around at some point because

573
00:40:02,560 --> 00:40:08,400
that's like basic fucking economics. It will do. The question is like what opportunities are going

574
00:40:08,400 --> 00:40:15,440
to be presented as we come out of that to actually build product that isn't completely shit? Like,

575
00:40:15,440 --> 00:40:21,280
yeah, let's be real. A lot of stuff now is basically on life support is basically on hiatus.

576
00:40:21,280 --> 00:40:25,920
Like, you know, how's on fucking hiatus at the moment because like, you know,

577
00:40:25,920 --> 00:40:29,680
everybody's got day jobs, they got stuff to do. Like you can't work on something free

578
00:40:29,680 --> 00:40:34,240
when you also have a nine to five, you can you can justify putting off friends and family and

579
00:40:34,240 --> 00:40:39,120
doing other shit when something is paying a lot harder otherwise, you know, all that kind of stuff.

580
00:40:39,120 --> 00:40:44,480
Like, more so for the other guys, I guess, because you know, I have a bit more leeway in my week,

581
00:40:44,480 --> 00:40:48,400
but you know, the validated business in demands time and all this other stuff, you know.

582
00:40:49,680 --> 00:40:53,600
But like, I think a lot of projects, especially the ones that are kind of bootstrapped by devs

583
00:40:53,600 --> 00:41:00,320
and stuff are in that kind of same weird space where there's a lot of projects that are kind of

584
00:41:00,320 --> 00:41:07,280
potentially viable with users come back to the space and I say often more users than investors,

585
00:41:07,280 --> 00:41:12,960
but the two are so muddled, aren't they? But the question is like what what chains actually

586
00:41:13,600 --> 00:41:18,640
like like my my feeling is that the chains that are going to actually do well in the next bull

587
00:41:18,640 --> 00:41:23,920
are going to be the ones that actually have like, yeah, that kind of like use cases for users rather

588
00:41:23,920 --> 00:41:29,600
than money for investors. Unlike, you know, obviously token value will increase with users

589
00:41:29,600 --> 00:41:35,120
and utility. So the two can become conflated. But I think the the cause or relationship is going to

590
00:41:35,120 --> 00:41:42,800
be from utility that ain't just defy first. But like it's super weird to still be in this position

591
00:41:42,800 --> 00:41:46,480
where like, you know, we still have a lot of chains with the liquidity problem. Obviously,

592
00:41:46,480 --> 00:41:51,440
Bendy and Co over at him less of a fucking problem over there, that's when we are jealous.

593
00:41:51,440 --> 00:41:55,600
But like how you can try and position yourself well for when those things do turn around. And

594
00:41:55,600 --> 00:41:59,520
that's why you like Adam accelerator is a really good idea, right? Because that's what the goal

595
00:41:59,520 --> 00:42:05,200
of that program is, right? Position yourself well for the future. But like, it is hard to like,

596
00:42:05,200 --> 00:42:09,120
I mean, I guess this is if you knew how to do this, you would be a business genius. And therefore,

597
00:42:09,120 --> 00:42:13,440
you wouldn't have to ask these questions, right? Is like, how do you position yourself well for

598
00:42:13,440 --> 00:42:20,720
the sentiment to change, right? Yeah, I think it's management. Yeah. Well, the other thing also is

599
00:42:21,760 --> 00:42:26,160
what I've seen at least in some of these chains that are launching is that there's a lot of overlap

600
00:42:26,160 --> 00:42:30,720
that is existing between chains or, you know, better mousetraps type of idea. And

601
00:42:32,240 --> 00:42:38,720
and when you have three or four or five different platforms that do similar components for liquidity

602
00:42:38,720 --> 00:42:45,520
or other types of things, the user count has to multiply at the same rate as the number of platforms,

603
00:42:45,520 --> 00:42:50,080
or each of those platforms make one a percentage of what they would have if they were the only

604
00:42:50,080 --> 00:42:55,520
platform to be able to provide that functionality. And so when you have three or four or five or

605
00:42:55,520 --> 00:42:58,880
six chains that are launching, they're all providing some sort of structured liquidity pool

606
00:42:58,880 --> 00:43:04,800
type of piece that are based on liquid staking or based on x, y, or z. If they're all doing kind of

607
00:43:04,800 --> 00:43:09,440
the same thing with some, there's only so many dollars that are flowing in. And so that gets

608
00:43:09,440 --> 00:43:14,240
spread across, which means that the revenue is not there for each one of those. And then you have a

609
00:43:14,240 --> 00:43:19,920
higher propensity of them collectively failing, right? And so I think we joked about this like,

610
00:43:19,920 --> 00:43:23,760
I don't know, it was a bunch of bunch of episodes ago, but like, sometimes cosmos, that's what they

611
00:43:23,760 --> 00:43:31,520
want. Like cosmos would rather have six competing ideas all fail than one centralized idea succeed.

612
00:43:31,520 --> 00:43:36,240
And I kind of think that sometimes that might play out in some of these types of things, but

613
00:43:36,240 --> 00:43:43,520
I don't know, see kind of where it goes. I think the biggest drag on the cosmos ecosystem from that,

614
00:43:43,520 --> 00:43:50,640
like following on from that is that like the competition between communities is so fucked

615
00:43:50,640 --> 00:43:57,040
that no one wants someone else's shit to succeed. So they just shit on it. So and try and bring the

616
00:43:57,040 --> 00:44:02,800
liquidity to their project. And I think collectively as an ecosystem, it's just fucking everything up.

617
00:44:03,840 --> 00:44:07,360
The only strong one really is Adam and it's got nothing.

618
00:44:07,360 --> 00:44:07,840
So.

619
00:44:07,840 --> 00:44:12,320
Well, but that's really, I mean, that's because it's early and it has like the dollars are in there,

620
00:44:12,320 --> 00:44:15,840
right? But does that, it's not a functionality question there.

621
00:44:15,840 --> 00:44:20,160
Romer said, like a good chance the number of the OG app chains fail, already seeing a number of new

622
00:44:20,160 --> 00:44:24,720
gen app chains coming, which fix the issues we face with the OGs. Yeah, but repeat this ad

623
00:44:24,720 --> 00:44:29,280
infineium, right? So if there's always a new chain that does something that's a little bit more than

624
00:44:29,280 --> 00:44:34,240
what the existing one is, and people run into it, then what you have is just a rolling wave

625
00:44:34,800 --> 00:44:41,280
of chains that kills the one previous. And so I agree with that. That's a, that's kind of what

626
00:44:41,280 --> 00:44:45,360
I'm trying to say as well is, is like, like when there's this competition, or there's a new one,

627
00:44:45,360 --> 00:44:49,760
a new version of X, Y or Z. But if that's always there, then there's always a, there's always a

628
00:44:49,760 --> 00:44:53,280
pump and dump, right? Because everybody bails out of the old one, they hop in a new one, it pumps

629
00:44:53,280 --> 00:44:58,560
up, you exit out, people lose money, people make money, it dies, you go to the next one,

630
00:44:58,560 --> 00:45:03,360
and there's people holding on to the old OG chain, because saying that we're, you know,

631
00:45:03,360 --> 00:45:06,080
I got a bag full of tuna, right? I mean, I kind of describe it in just stock market,

632
00:45:06,080 --> 00:45:11,120
but just in like a super accelerated way. Because I mean, creative destruction is like

633
00:45:11,120 --> 00:45:20,720
the theory behind, you know, company creation and life cycle, albeit semi-discredited as an

634
00:45:20,720 --> 00:45:26,400
economic theory, but nevertheless. Yes. But that is also based on actual

635
00:45:26,400 --> 00:45:30,400
company performance. And there's nothing here based on actual company performance.

636
00:45:30,400 --> 00:45:33,920
Well, is the stock market always based on company performance? Some of it, quite a lot of

637
00:45:33,920 --> 00:45:43,040
things. Eventually. Eventually. It always is, it just depends on the timeline of how much

638
00:45:43,040 --> 00:45:46,800
patience there is, right? Which I agree, which is similar to this.

639
00:45:46,800 --> 00:45:51,440
It depends on what phase of your company, like a lot of new companies, the valuations are

640
00:45:51,440 --> 00:45:58,800
like speculative because they're pre-generate. What would you call it? Like pre-revenue?

641
00:45:58,800 --> 00:46:03,920
Pre-revenue. That's pre-revenue. But like established companies, and especially like

642
00:46:03,920 --> 00:46:09,840
OG companies, all the valuations are based on like, you know, actual revenue announcements.

643
00:46:09,840 --> 00:46:15,440
Like regular shit, right? Like GE is never, GE gets measured based on how many fucking light

644
00:46:15,440 --> 00:46:18,080
bulbs and aircraft engines it makes, right? That's literally it.

645
00:46:18,080 --> 00:46:22,480
Yeah. Like future valuations are done on like the companies.

646
00:46:22,480 --> 00:46:27,680
So, you said that too. Like Jeff came out and actually said that on Amazon a bunch of times,

647
00:46:27,680 --> 00:46:31,440
where like, they never want to turn a profit because they always want to lose money because

648
00:46:31,440 --> 00:46:35,280
when you start turning a profit, then you're being measured. And if you're constantly losing,

649
00:46:35,280 --> 00:46:39,360
not losing, but like you're constantly investing back in, you're raising, and you're growing,

650
00:46:39,360 --> 00:46:43,280
you're in that, you're still in that mode to take over the earth. And nobody's going to,

651
00:46:43,280 --> 00:46:45,840
nobody's going to question that because the future is always out there.

652
00:46:46,400 --> 00:46:49,440
Once you start making profit, you start paying tax too.

653
00:46:51,200 --> 00:46:56,640
Yeah. Or you, and you start getting measured on, on kind of core metrics, which nobody really

654
00:46:56,640 --> 00:47:01,760
wants to be measured on, right? No, you'd rather have like a speculative multiple of 30.

655
00:47:01,760 --> 00:47:07,040
But that only goes for so long, right? Eventually, I think it has to eventually,

656
00:47:07,600 --> 00:47:11,600
and for every one of these businesses, that, that, that the bell tolls, right?

657
00:47:11,600 --> 00:47:15,520
It might, some of those might take a long time, but Amazon, the bell's tolling, right? Like,

658
00:47:15,520 --> 00:47:20,480
they still look at it. I mean, if it wasn't for EWS, like that business would be in real trouble.

659
00:47:20,480 --> 00:47:22,080
It would be a great place.

660
00:47:22,080 --> 00:47:27,920
Like, like Tesla is still like their proper company now that makes stuff and just barely

661
00:47:27,920 --> 00:47:34,800
turn a profit on purpose, I think. But their, their, their price is still way speculative

662
00:47:34,800 --> 00:47:39,360
compared to what their revenue is. And that, I think that's still on the promise of like

663
00:47:39,360 --> 00:47:45,520
self-driving fleet of fucking shareholders. I also think they're like the super chargers are a huge

664
00:47:45,520 --> 00:47:50,880
moat. That, that is such, that was like, it's so difficult to compete with that.

665
00:47:51,520 --> 00:47:55,440
Big brain idea, that shit. That, that is such a freaking moat, man. But now they're starting to

666
00:47:55,440 --> 00:47:59,440
open it up, which is, which I think is the US, I think it's the US government forcing that a

667
00:47:59,440 --> 00:48:04,800
little bit, but because they're, I think, Corson, maybe mainland Europe, I think they lost an

668
00:48:04,800 --> 00:48:10,960
anti-competition thing that might, I might have imagined that, but I think there was like an

669
00:48:10,960 --> 00:48:17,120
anti-competition thing in, yeah, not just in the US, but I think several regulators have been like,

670
00:48:18,480 --> 00:48:19,520
not sure about that lads.

671
00:48:19,520 --> 00:48:22,720
I don't remember exactly what it was in the US, but I think it was, it was something related to the,

672
00:48:23,520 --> 00:48:29,120
there's the $7,500 tax rebate exists in the US still, but that's only for cars that are sourced

673
00:48:29,120 --> 00:48:32,640
in the United States, like built in the US. So Tesla is one of the very few ones like Rivian and

674
00:48:32,640 --> 00:48:39,360
whatever else that are made here. But I thought part of that was based and the breakout of what

675
00:48:39,360 --> 00:48:44,640
dollar amount car was always under, like it had to be a below a certain amount or above a certain

676
00:48:44,640 --> 00:48:48,640
amount, I forget what exactly what it was. But I think the opening of the supercharger was a

677
00:48:48,640 --> 00:48:53,680
negotiation point around changing that structure. So that means Tesla can sell a Model 3 with a

678
00:48:53,680 --> 00:49:00,000
7,500 discount for less money and be much more competitive, but they have to open up supercharters.

679
00:49:00,000 --> 00:49:04,160
So like, which is actually good for the federal government, that's a good way to break down that

680
00:49:04,160 --> 00:49:10,800
mode too. Yeah, smart. So I guess the other thing I kind of think, well, I kind of like,

681
00:49:10,800 --> 00:49:15,680
one of my big things about why all this tech is interesting, particularly smart contracts is the

682
00:49:15,680 --> 00:49:21,440
ability to build like arbitrary incentive systems. And like in those cases, like when you're building

683
00:49:21,440 --> 00:49:26,320
an economic system, maybe you do want a token, right? Because it's a little bit like going to a

684
00:49:26,320 --> 00:49:30,480
seaside amusement arcade, you want to play time crisis to you've got to get some tokens, right?

685
00:49:31,120 --> 00:49:35,520
They're not worth anything when you leave the amusement arcade, you can only play time crisis

686
00:49:35,520 --> 00:49:41,680
to with them, but you need them, then they're just like a, you know, what token, right? And you can

687
00:49:41,680 --> 00:49:45,440
build it all sorts of incentive systems around that, but eventually you got to cash them back out to

688
00:49:45,440 --> 00:49:53,120
real money. And it's that kind of it's the point where there's not an expectation from users that

689
00:49:53,120 --> 00:50:01,600
you need to recycle the imaginary money back into actual exchangeable workable currency.

690
00:50:02,240 --> 00:50:07,840
That is, I think, the problem with a lot of these systems, because people are just entering into a

691
00:50:07,840 --> 00:50:13,760
chain and sort of an imaginary economy with a map, often imaginary utility and then holding.

692
00:50:13,760 --> 00:50:19,440
And that kind of speculative cycle occurring over and over and over and over and over again,

693
00:50:19,440 --> 00:50:23,920
is actually like incredibly detrimental to not only the idea that those could be functioning

694
00:50:23,920 --> 00:50:29,280
economies, but also that they could build utility of their own. And so I'm almost like one of the

695
00:50:29,280 --> 00:50:33,200
things I've been sort of interested in recently, and this is obviously there are other ways of

696
00:50:33,200 --> 00:50:36,480
breaking this down like Rahmah and Ben are talking in the chat about atomic swaps and

697
00:50:37,280 --> 00:50:43,920
like essentially more fungible assets via IBC. I've also obviously been reading a lot of stuff

698
00:50:43,920 --> 00:50:49,520
recently about CBDCs. And there's some really interesting models around digital cash,

699
00:50:49,520 --> 00:50:56,080
where specifically things are cash like as in they are semi anonymous at the point of

700
00:50:56,080 --> 00:51:03,120
having them, they're issued to you and then they're recycled after use. So there's no account

701
00:51:03,120 --> 00:51:07,360
abstraction again for privacy reasons. And I think there's some quite interesting things about

702
00:51:07,360 --> 00:51:13,280
that model, which mean that the fungibility of the asset is completely derived by the fact that

703
00:51:13,280 --> 00:51:18,000
at some point, and this is also how you regulate it by the way, because we're talking about regulated

704
00:51:18,000 --> 00:51:23,520
CBDCs, is that at some point you need to go to a money services business as we call them,

705
00:51:23,520 --> 00:51:28,640
I assume they're called a similar thing in the States or a bank, and you say, I have five

706
00:51:29,280 --> 00:51:36,160
imaginary internet pounds, here you go, and they go great, and they literally recycle them,

707
00:51:36,160 --> 00:51:42,880
they're gone from circulation. And that though those unique IDs will never be seen again,

708
00:51:42,880 --> 00:51:47,440
that business can issue them because on their internal ledger, they know how many there are

709
00:51:47,440 --> 00:51:52,880
and somewhere, all of those money services businesses have a ledger, they know how many coins

710
00:51:52,880 --> 00:51:57,920
is the max supply, but the number that are in supply obviously is not always the max,

711
00:51:57,920 --> 00:52:03,280
right? So they recycle and they reissue them. But that kind of, it kind of leads you to an

712
00:52:03,280 --> 00:52:07,360
interesting situation where you go, okay, well, if you're going to take this regulator thing,

713
00:52:07,360 --> 00:52:12,240
right, and then go send it via IBC, what are you going to do? Well, your IBC client situation

714
00:52:12,240 --> 00:52:17,520
is probably going to be a recycler of some kind by the same measure, right? Because you've always

715
00:52:17,520 --> 00:52:22,080
going to have to reissue and recycle the tokens out of use. When they move out of use, they always

716
00:52:22,080 --> 00:52:28,160
have to be recycled. So you start looking at the situation where you can move a representation

717
00:52:28,160 --> 00:52:33,040
into a different ecosystem, but the way its fungibility works is totally different. And then

718
00:52:33,040 --> 00:52:37,280
you're like, is it even the same asset anymore? And what happens if you bring it back out of

719
00:52:37,280 --> 00:52:42,720
that other ecosystem into the other one, and then it gets issued to you, but then you can't

720
00:52:42,720 --> 00:52:46,400
recycle it and to fear it. There's just these, I think like as soon as you start thinking about,

721
00:52:46,400 --> 00:52:52,400
okay, at some point you need real money, like, and maybe all of the stuff we're doing,

722
00:52:53,040 --> 00:52:57,360
maybe all of this stuff we're doing is the equivalent of a vast network of seaside amusement

723
00:52:57,360 --> 00:53:03,120
arcades. And we're just validating different versions of time crisis. Maybe, you know, Juno's

724
00:53:03,120 --> 00:53:10,720
time crisis two, the classic, maybe, I don't know, Stargaze's time crisis three, pretty good,

725
00:53:10,720 --> 00:53:15,280
but some of the missions weren't as good as time crisis two. I don't know what time crisis four is,

726
00:53:15,280 --> 00:53:20,000
answers in the comments. The point is that we have this vast amusement arcade, right? And we

727
00:53:20,000 --> 00:53:25,280
have all these tokens to play all these different games, but at the moment, or we don't want to

728
00:53:25,280 --> 00:53:30,640
play time crisis because apparently we're weird. We're an old lady. This actually may be discriminatory

729
00:53:30,640 --> 00:53:36,800
towards old people, whatever they vote Brexit, I don't care. I'm going to go play the two penny

730
00:53:36,800 --> 00:53:41,040
machine and try and win some two pennies. Although that was my sense because that's already fear

731
00:53:41,040 --> 00:53:44,960
currency. Okay, I'm going to go try and win a prize on one of those ticket machines where you

732
00:53:44,960 --> 00:53:51,360
get a lot of tickets. And I want to turn those back in a cash. But yeah, it's weird. So I don't

733
00:53:51,360 --> 00:53:55,280
know. I feel like we're kind of in that situation, but there's no way I've ever taken your money and

734
00:53:55,280 --> 00:54:01,680
leaving half the time because all of those use cases, like the important thing is the economic

735
00:54:01,680 --> 00:54:05,760
system, not the not the fucking currency you're doing it. And if it was all USDC, I think it would

736
00:54:05,760 --> 00:54:10,320
be fine. I think that's the thing maybe that terror got right. The more I think about it,

737
00:54:10,320 --> 00:54:16,560
anniversary of the terror collapse. Yeah, for the average user, maybe the stablecoin is the

738
00:54:16,560 --> 00:54:21,280
fucking universe brain idea. Like maybe that is the thing that's the thing that ties it all together

739
00:54:21,280 --> 00:54:27,520
is is the stablecoin is the CBDC. And you just enter into for a very short period of time,

740
00:54:28,080 --> 00:54:33,760
to use a particular use case, you enter into the economic system of a chain to do the activity you

741
00:54:33,760 --> 00:54:38,800
want to do as a user and then you exit straight back into a representation of fear, whether that's

742
00:54:38,800 --> 00:54:42,880
then recycled, however the fungibility mechanism works, whether it works like digital cash,

743
00:54:42,880 --> 00:54:48,560
whether it works like someone else, I don't know. I'm just I don't know. I'm just beginning to think

744
00:54:48,560 --> 00:54:54,320
that like every chain having its own token is maybe not even necessary. Like or if it's necessary,

745
00:54:54,320 --> 00:54:58,720
it's only necessary in a very short term way to do a really specific thing as a user.

746
00:54:59,600 --> 00:55:05,040
Or it's time boxed by the length of time of the thing. Because you know, staking, liquid staking,

747
00:55:05,680 --> 00:55:08,480
it's like a bond, isn't it? It's like a bond or it's like getting

748
00:55:10,400 --> 00:55:15,440
my point is derivatives and things exist like that in the wider financial world.

749
00:55:15,440 --> 00:55:21,360
But then you do you have a period of time like an ISO is a good example or a savings account

750
00:55:21,360 --> 00:55:27,920
where you can't withdraw straight away. But I guess even those are denoted in fear, aren't they?

751
00:55:27,920 --> 00:55:33,760
They don't have like such a flexible value. So I don't know. It's really interesting because

752
00:55:34,320 --> 00:55:38,720
there's obviously something super compelling about the tech. I think the ability to program

753
00:55:38,720 --> 00:55:46,080
money is just so revolutionary. There's this I think there's this increasing disconnect in my

754
00:55:46,080 --> 00:55:52,560
head between like the actual the payments. The fact that none of this shit works for payments.

755
00:55:53,440 --> 00:55:55,840
Well, I mean, that's what we were talking about that last week, right? That's

756
00:55:57,200 --> 00:56:04,800
we keep shuffling tokens around in these complex DeFi ways. But the utility of those has to be

757
00:56:04,800 --> 00:56:08,480
there at some point, right? Like there has to be to your point, like whether that's payments or

758
00:56:08,480 --> 00:56:12,480
something similar that like there has to be something that's beyond just shuffling a to b

759
00:56:12,480 --> 00:56:17,840
and back and forth and blah, blah, blah. So I mean, if you look at it from the perspective

760
00:56:18,400 --> 00:56:24,960
of the real world, like companies don't have their own token, right? And they do just fine.

761
00:56:24,960 --> 00:56:31,120
Maybe we should be building systems where we actually do use like a common stable and then

762
00:56:31,120 --> 00:56:36,880
build the revenue models out from that. But I mean, that would affect the whole get rich on

763
00:56:36,880 --> 00:56:42,400
launch thing, right? With founder tokens, founder bags? Well, and companies do have their own token,

764
00:56:42,400 --> 00:56:49,680
right? It's called like shares. But I don't know, I would push back against the idea that a lot of

765
00:56:49,680 --> 00:56:53,520
chains don't need their own tokens. I think that I think there's an argument to be made that they

766
00:56:53,520 --> 00:56:58,320
don't. But I think that there's more archangery that they do. In my opinion, one of the coolest

767
00:56:58,320 --> 00:57:05,280
things, you know, crypto is good for is, is funding open source. And so if you are funding

768
00:57:05,280 --> 00:57:10,560
open source through tokens, like, there's kind of like two arbiters there, right? So you got,

769
00:57:10,560 --> 00:57:15,760
you know, a currently working example, which would be like that, the basic attention token,

770
00:57:15,760 --> 00:57:20,320
right? You can pay open source contributors through that. But then you have to go through them as an

771
00:57:20,320 --> 00:57:27,600
arbiter, them being like the the bat protocol. Yeah, Ben Davis said tokens are just the way we

772
00:57:27,600 --> 00:57:32,480
all get rich and go to the beach. Yes, absolutely. That's right. Which is why all chains need one.

773
00:57:32,480 --> 00:57:39,040
Uh-huh. But I mean, noble doesn't have its own token really like technically it does.

774
00:57:39,600 --> 00:57:42,800
But it's not issued. I don't know. Noble is kind of a weird thing anyway.

775
00:57:42,800 --> 00:57:47,360
Doesn't have it? Is it? Yeah, it's not USDC. Is it like, you know, there's there's a noble.

776
00:57:47,360 --> 00:57:52,640
No, they don't really have like a token token. I think every validator just has like one token

777
00:57:52,640 --> 00:57:55,920
and then there's no inflation. It's just to create blocks, right? Is that really one of this?

778
00:57:55,920 --> 00:58:02,320
Yeah, but then one even set. But you know, isn't nobles basically probably just going to

779
00:58:02,320 --> 00:58:07,600
like a share isn't it? The noble one. Because it's like a it's like a share. It's almost like an

780
00:58:07,600 --> 00:58:14,800
NFT because if you don't have the token, you can't be a validator. So implicitly, the token

781
00:58:15,520 --> 00:58:20,240
is like a stake in ownership. It's like proof of stake and like a really

782
00:58:20,240 --> 00:58:24,640
was not it's not distributed proof of stake or decentralized proof of stake or any of the

783
00:58:24,640 --> 00:58:31,040
the DP the DS that could be in DPOS. It's almost like a pure. I have I have no idea

784
00:58:31,040 --> 00:58:37,520
about noble or how it works. But from the outside looking in, it looks a lot like they selected

785
00:58:37,520 --> 00:58:44,720
some partners that are probably going to be I'm assuming paid IRL outside of the crypto world

786
00:58:44,720 --> 00:58:51,840
and that that chain exists solely for the security of the USDC. So I'm pretty sure they

787
00:58:51,840 --> 00:58:56,640
tightly will control those fucking handful of tokens that are there so that they can control

788
00:58:56,640 --> 00:59:02,560
who's providing security to that chain. Because circle make fucking shitloads of money. They don't

789
00:59:02,560 --> 00:59:07,600
they don't need like a token. They're already rich. They just need like a highly secured

790
00:59:07,600 --> 00:59:13,600
chain that they fully 100% control. Right. They don't they don't care about the token.

791
00:59:13,600 --> 00:59:18,800
No, they're they're no, they want use. Right. So they want to they want to lower barriers of use.

792
00:59:18,800 --> 00:59:22,320
That's that's what they are. Right. So this is a this is a lowering the barrier of use.

793
00:59:22,320 --> 00:59:25,200
Right. Like nobody wants to go through bridges and bullshit. Right. So I mean,

794
00:59:25,200 --> 00:59:32,240
to be fair to like USDC and circle like I mean, I've had always no luck using their services.

795
00:59:32,240 --> 00:59:42,080
And I think they're shit. But get me up. Yeah, but at least like there is a weird situation

796
00:59:42,080 --> 00:59:48,960
which their profit motive is pretty well aligned with providing a good that is actually

797
00:59:48,960 --> 00:59:55,600
pretty well needed. The question is whether or not they are actually backed in the way that

798
00:59:55,600 --> 01:00:02,320
they say they are because there are just so many fucking asterisks around USDC. Like there is no way

799
01:00:02,320 --> 01:00:07,600
I would have that on the company books for more than an hour or two. Absolutely top end.

800
01:00:08,240 --> 01:00:14,000
But the same was with USDT as well. And they sort of just kept all this shit quiet for a while.

801
01:00:14,000 --> 01:00:21,280
Well, and man, they were everyone was calling the rug card on USDT like back in 2017 when

802
01:00:21,280 --> 01:00:27,200
they when they watched everyone was just fucking all over those poor bastards. And everyone was

803
01:00:27,200 --> 01:00:32,960
yelling at them about, you know, audits and all this type of stuff. And then when they finally

804
01:00:32,960 --> 01:00:40,320
released reports with them having non cash assets, everyone was fucking pissed. And now they're

805
01:00:40,320 --> 01:00:45,680
turning like, I don't know if they were rolling the dice, they seem like pretty solid investments to

806
01:00:45,680 --> 01:00:50,320
me. But now they're I think they posted a profit of like $1.4 trillion or something like that,

807
01:00:50,320 --> 01:00:56,800
or billion billion dollars. It would be million not trillion. Yeah, trillions a lot. No, 1.4 billion,

808
01:00:56,800 --> 01:01:01,200
I think is what they they posted as a profit. So you know, now they're building a war chest,

809
01:01:01,200 --> 01:01:06,960
I think they're fine. Presumably USDC have the same strategy. When they launched those things

810
01:01:06,960 --> 01:01:14,320
back in like the day 15, 16, 17, wherever it was, I thought it was fucking genius. You're taking like

811
01:01:14,320 --> 01:01:19,440
everyone's money, you're not paying them any interest, and you're you're taking that money

812
01:01:19,440 --> 01:01:25,280
and investing it like it could there couldn't be and like in large volumes that could end.

813
01:01:25,280 --> 01:01:29,760
Presumably those businesses didn't actually need that much startup capital because once you create

814
01:01:29,760 --> 01:01:40,800
the system, then all you really need is investment bankers. So yeah, it's a winner of a idea. And

815
01:01:42,000 --> 01:01:48,160
I would happily have USDC and USDT on my book. I don't think they're anywhere near failure.

816
01:01:48,160 --> 01:01:55,520
The baffling thing to me right about USDC is how I mean, I get systemic risk, systemic risk and

817
01:01:55,520 --> 01:02:01,760
contagion of the actual answer to what I'm about to say. That's the reason why you say,

818
01:02:01,760 --> 01:02:08,640
Frey, you're fucking idiot. Okay, amongst other things. But I also still kind of don't understand

819
01:02:08,640 --> 01:02:17,840
why a major government with a currency is traded extensively on forex markets, dollar, euro,

820
01:02:18,960 --> 01:02:25,120
yen, pound, something like that, doesn't look at USDC and just go, fuck man, we could literally

821
01:02:25,120 --> 01:02:32,960
spin up a fucking chain tomorrow and literally just tell a bunch of banks, get four or five banks

822
01:02:32,960 --> 01:02:36,560
that are big, that are the kind of banks that if they were looking like they were going to fail,

823
01:02:36,560 --> 01:02:40,480
the government would bail them out anyway and just say to them, look, you guys have,

824
01:02:41,040 --> 01:02:49,760
because of how MMT works, you guys know what your credit line is in terms of the amount of

825
01:02:49,760 --> 01:02:56,080
currency you can issue, right? Take 5% of that liquidity for now, we'll ramp it up every year

826
01:02:56,080 --> 01:03:02,720
by 5%, take 5% of that liquidity and allow it because again, the recycling model for digital

827
01:03:02,720 --> 01:03:08,480
cash is not that like we're squint and it's not that different to how credit lines and extension

828
01:03:08,480 --> 01:03:12,400
work in terms of actually expanding the credit base of how much money is in the economy, right?

829
01:03:13,040 --> 01:03:18,880
So you could just say to them, look, issue 5% of your liquidity via credit as imaginary internet

830
01:03:18,880 --> 01:03:25,360
money and it's out there in the world until it returns to you and we'll count it as kind of

831
01:03:25,360 --> 01:03:30,720
out there and liquid until we see it come back in and get recycled or reissued or however that works

832
01:03:31,840 --> 01:03:36,880
and if that works, we'll increase it to 10% next year, but you don't have to do that,

833
01:03:36,880 --> 01:03:41,760
you don't have to use all of that percentage, but that's the amount that we'll let you play with

834
01:03:41,760 --> 01:03:47,680
and it would be fucking wildly profitable, of course it would. And also, I hate to point out

835
01:03:47,680 --> 01:03:54,560
the fucking obvious as well, like from I guess like a purchasing power question, but like as

836
01:03:54,560 --> 01:04:00,960
somebody who lives in a country that's currency got completely fucked by bad decisions by old people

837
01:04:00,960 --> 01:04:06,480
and politicians a few years ago, if you want your currency to become more in demand, a really

838
01:04:06,480 --> 01:04:13,600
fucking great way would be to increase its utility by embracing like a massive emerging market and

839
01:04:13,600 --> 01:04:18,720
just start dipping your feet into it over maybe a five-year period and just give it a bit of

840
01:04:18,720 --> 01:04:23,920
liquidity, see what happens, give it a bit more liquidity. You've got this like network of issuing

841
01:04:23,920 --> 01:04:29,680
credit already, like that's exactly how modern financial systems work, like you're already issuing

842
01:04:29,680 --> 01:04:34,080
imaginary money, this is just a different kind of imaginary money. That's the thing I was,

843
01:04:34,080 --> 01:04:38,640
I kind of understand, you look at how wildly profitable on paper at least, something like

844
01:04:38,640 --> 01:04:43,520
Circlis and I would be looking at that as a central bank and going, fuck man, this could really help our

845
01:04:43,520 --> 01:04:48,880
balance of payments if we like, or a purchasing power of our currency, less of an issue for the

846
01:04:48,880 --> 01:04:52,960
euro because they obviously have huge problems with the different disparity of the economies

847
01:04:52,960 --> 01:04:57,440
within the euro zone. So like maybe they just don't need any more fucking headaches and I appreciate

848
01:04:57,440 --> 01:05:04,240
the ECB might just be like, fuck no, fine. But like the UK is in a fucking position where we need

849
01:05:04,240 --> 01:05:09,360
DGEN options on the table fucking quick. So it's no surprise that the Bank of England is

850
01:05:09,360 --> 01:05:14,400
like doing feasibility studies on this stuff. But I mean, like Circlis has done the feasibility

851
01:05:14,400 --> 01:05:19,600
study for them, which is Circlis isn't even backed and people trust it. It's not even backed, like

852
01:05:19,600 --> 01:05:24,000
we all know it's not backed, it's not really, they say they're backed. Well, some part of it is backed.

853
01:05:24,000 --> 01:05:28,720
Some part of it is backed, but we all know it's not fucking backed. It's not backed by a government

854
01:05:28,720 --> 01:05:33,520
with a fucking aircraft carrier. No, it's not. You're backed by an aircraft carrier,

855
01:05:33,520 --> 01:05:40,640
worst case scenario. Or an old man with a gold crown. You know, worst case scenario,

856
01:05:40,640 --> 01:05:46,080
you melt down the crown jewels, you pay your debts. Or you just invade Finland or something. That

857
01:05:46,080 --> 01:05:50,720
worked really well for the Soviets right here. Actually, of course, you wouldn't invade Finland.

858
01:05:50,720 --> 01:05:54,880
That's a really bad idea. You always lose a win to war in Finland. You invade Norway because they've

859
01:05:54,880 --> 01:06:00,160
got oil and the majority of their population centers are on the coast. Smart. They're going to

860
01:06:00,160 --> 01:06:03,920
land into the interior and then wage a guerrilla war and then you'd be back to square one.

861
01:06:04,880 --> 01:06:10,480
NATO is not good at guerrilla warfare or counter-insurgency, I think is the conclusion there.

862
01:06:10,480 --> 01:06:12,960
So my money would be on the Norwegians.

863
01:06:14,480 --> 01:06:19,440
How, what kind of, what kind of diatribe did you just go on?

864
01:06:19,440 --> 01:06:22,640
It was like 22 minutes. I'm going to have to cut that down to like 45 seconds.

865
01:06:23,280 --> 01:06:27,440
Started monologuing. You started to become syndrome from the big criggles.

866
01:06:27,440 --> 01:06:30,560
We got to go longer tonight because I got to cut out 20 minutes.

867
01:06:30,560 --> 01:06:36,800
Yeah. In the potty, in the potty, there's just going to be like this director's cut and it'll be like,

868
01:06:37,600 --> 01:06:42,640
you surper just stepping in and you go, let me just fucking like, you know,

869
01:06:42,640 --> 01:06:44,880
somewhere, 45 minutes.

870
01:06:48,480 --> 01:06:51,200
I'd play a thing, but I know we get YouTube banned for it, so I can't do it.

871
01:06:51,200 --> 01:06:59,120
We haven't played anything this epi that will like make your life difficult in the cut room.

872
01:06:59,120 --> 01:07:00,800
Maybe we need to wake up our audience.

873
01:07:02,800 --> 01:07:10,720
Oh, Schultzie, tell us what was going on with a new berry. There's a new berry, right?

874
01:07:11,600 --> 01:07:14,720
Yeah, but I think it's still on the hash hash. So we'll have to go with the next week.

875
01:07:15,280 --> 01:07:17,760
Oh, is it? I thought there was a kid about it.

876
01:07:17,760 --> 01:07:18,640
It wasn't on Twitter?

877
01:07:18,640 --> 01:07:20,480
Yeah, it wasn't on Twitter.

878
01:07:21,840 --> 01:07:24,320
I know what you're talking about. This is hash hash.

879
01:07:24,320 --> 01:07:24,960
No, it's not.

880
01:07:29,200 --> 01:07:30,000
It is not hash hash.

881
01:07:30,000 --> 01:07:32,960
It's fine. Everything's fine.

882
01:07:32,960 --> 01:07:34,240
You step it.

883
01:07:34,240 --> 01:07:38,800
Oh, you're full of shit because sometimes you step it gets up in a hurry from his chair when

884
01:07:38,800 --> 01:07:42,000
he's had a couple of drinks. He gets a little bit of a head rush and he looks like.

885
01:07:42,000 --> 01:07:45,760
I just saw in a public forum, I was clicking around like an asshole.

886
01:07:45,760 --> 01:07:50,480
Yeah, they've mentioned the name of it, but they've only released binaries for fixes as far as I've

887
01:07:50,480 --> 01:07:54,480
seen. You don't actually see source code for what the issue is.

888
01:07:54,480 --> 01:07:56,000
I don't give a shit about that. Just tell us what.

889
01:07:57,280 --> 01:07:58,880
We're not going through source code on this thing.

890
01:07:58,880 --> 01:08:01,120
Just tell us the details of the problem.

891
01:08:01,120 --> 01:08:03,040
How do I exploit it? Can I make any money?

892
01:08:03,040 --> 01:08:04,240
How can I make some money?

893
01:08:05,200 --> 01:08:07,840
It's called Huckleberry. That's the new one.

894
01:08:07,840 --> 01:08:09,600
Who picked that? Who's responsible for that?

895
01:08:09,600 --> 01:08:10,640
Yeah, I don't know.

896
01:08:10,640 --> 01:08:11,520
Who picked Berryformal?

897
01:08:12,640 --> 01:08:14,480
Ben, you need to join in and tell us.

898
01:08:14,480 --> 01:08:16,320
Who picks that shit? That's awful.

899
01:08:16,320 --> 01:08:18,720
I don't know about these berries. I'm kind of sick of berries.

900
01:08:18,720 --> 01:08:19,360
They're a lot of work.

901
01:08:19,360 --> 01:08:23,120
We should do like they should do after the nuts like they should do what Harlem Pepper did.

902
01:08:23,840 --> 01:08:26,640
Macadamia nut, cashew nut.

903
01:08:28,320 --> 01:08:33,040
Imagine if the people who were having these exploits disclosed to them were discovering

904
01:08:33,040 --> 01:08:35,440
these exploits. We're actually assholes.

905
01:08:36,320 --> 01:08:37,200
What'll be broke now?

906
01:08:38,240 --> 01:08:39,040
Bustachia.

907
01:08:39,040 --> 01:08:41,600
Wow. I think a lot of us already are broke.

908
01:08:41,600 --> 01:08:47,760
So what if just one of these teams that they're working with to patch, we're like,

909
01:08:47,760 --> 01:08:50,000
oh, wait a minute. I see what I can do with this.

910
01:08:50,000 --> 01:08:51,680
Ben, that's kind of what happened.

911
01:08:52,240 --> 01:08:58,320
Yeah. The honest answer is that a lot of the bugs are hard to exploit,

912
01:08:58,320 --> 01:09:00,000
so people can't exploit them.

913
01:09:00,000 --> 01:09:02,720
The Cosmos SDK is inherently complex.

914
01:09:04,240 --> 01:09:09,680
The number of people that have the knowledge to exploit these things in the time frame

915
01:09:09,680 --> 01:09:15,200
available is relatively small. So the ones that you see out in the wild are usually chain holds

916
01:09:15,200 --> 01:09:21,520
because that's the easiest way to lock up the SDK. But it obviously funds are safe anyway.

917
01:09:21,520 --> 01:09:24,480
And then on a couple of occasions where somebody has successfully exploited,

918
01:09:24,480 --> 01:09:29,520
the chains usually patched itself to roll back that change in the ledger.

919
01:09:30,080 --> 01:09:32,560
Chain just became sentient, patched itself.

920
01:09:33,120 --> 01:09:36,160
Well, no, but chains have literally stopped and corrected

921
01:09:36,160 --> 01:09:40,960
like particular smart contract exploits and stuff. Yeah.

922
01:09:43,040 --> 01:09:47,440
People have just changed the ledgers to say that Attacker didn't have the funds anymore.

923
01:09:48,240 --> 01:09:49,120
That definitely happened.

924
01:09:49,120 --> 01:09:52,240
And was it Esmos or Osmosis?

925
01:09:52,240 --> 01:09:53,920
That was a thing.

926
01:09:53,920 --> 01:09:54,880
I think it was Osmosis, right?

927
01:09:56,000 --> 01:09:58,480
That's why Secret 2 from Secret 2 to Secret 3.

928
01:09:59,760 --> 01:10:05,360
Secret swap was hacked and the hackers pulled all the liquidity out of Secret Finance

929
01:10:05,360 --> 01:10:09,600
and they couldn't figure out how to bridge it back to ETH.

930
01:10:10,160 --> 01:10:16,800
So it was able to be shut down before they could bridge out.

931
01:10:17,760 --> 01:10:19,680
But I have a very bad fact.

932
01:10:19,680 --> 01:10:23,360
I got AxlUSDC on Juno, but it's bridged through Stargaze.

933
01:10:23,360 --> 01:10:26,800
I don't know how to get this out of here. I'm four IBCs away. What do I do?

934
01:10:26,800 --> 01:10:27,680
Fuck this machine.

935
01:10:29,680 --> 01:10:30,640
Spaghetti IBC.

936
01:10:30,640 --> 01:10:35,680
I think I got spaghetti IBC. Maybe that's the security we need.

937
01:10:35,680 --> 01:10:37,760
Just spaghetti IBC all this shit away.

938
01:10:37,760 --> 01:10:40,080
I got to go through what? I don't understand this shit.

939
01:10:40,880 --> 01:10:42,160
Big coin rollback.

940
01:10:42,160 --> 01:10:42,400
What?

941
01:10:44,000 --> 01:10:45,520
So we can't talk about Huckleberry.

942
01:10:45,520 --> 01:10:49,200
That's the only piece of Cosmos thing we talk about this whole fricking podcast.

943
01:10:49,200 --> 01:10:50,080
Can't talk about it.

944
01:10:50,080 --> 01:10:50,880
Yeah, can't talk about it.

945
01:10:50,880 --> 01:10:54,320
I think there's even only one or two chains that have released an update for it.

946
01:10:54,320 --> 01:10:55,120
And so.

947
01:10:55,120 --> 01:10:59,360
All I heard was that it was minor and it will be patched.

948
01:10:59,360 --> 01:11:02,320
So it's minor for most chains.

949
01:11:02,320 --> 01:11:02,560
Yes.

950
01:11:03,520 --> 01:11:09,680
It's if we were a year down the line, it would probably not be minor.

951
01:11:09,680 --> 01:11:12,480
And I think the bed would have been shat.

952
01:11:12,480 --> 01:11:13,360
But as it is.

953
01:11:13,920 --> 01:11:15,280
What would time have to do with it?

954
01:11:15,280 --> 01:11:16,000
What's that?

955
01:11:16,000 --> 01:11:17,120
What is time has to do with it?

956
01:11:20,640 --> 01:11:24,080
I'm not going to say because it would probably actually reveal the exploit.

957
01:11:24,720 --> 01:11:25,360
That's interesting.

958
01:11:25,360 --> 01:11:27,040
Well, what's interesting too about this.

959
01:11:27,040 --> 01:11:29,440
It's based on time.

960
01:11:31,360 --> 01:11:32,400
Put that in the drill tree.

961
01:11:32,400 --> 01:11:34,640
It's almost like state is the problem.

962
01:11:35,760 --> 01:11:41,920
Time is always the problem because when it finds its way into the state machine,

963
01:11:41,920 --> 01:11:43,120
everyone gets different hashes.

964
01:11:43,120 --> 01:11:47,280
And the time goes by differently on different machines.

965
01:11:47,280 --> 01:11:49,360
By any source of any source of non determinism.

966
01:11:51,840 --> 01:11:54,640
I have a fun story that's like not Huckleberry related.

967
01:11:54,640 --> 01:11:59,600
But are there fun stories that are Huckleberry related?

968
01:12:01,280 --> 01:12:02,000
Actually, you know what?

969
01:12:02,000 --> 01:12:04,160
I can throw in a fun story Huckleberry related.

970
01:12:04,160 --> 01:12:04,480
All right.

971
01:12:04,480 --> 01:12:05,280
My waiting.

972
01:12:05,280 --> 01:12:05,440
Okay.

973
01:12:06,080 --> 01:12:07,760
You fucking fuck my story.

974
01:12:07,760 --> 01:12:08,320
Yeah.

975
01:12:08,320 --> 01:12:08,800
Yeah.

976
01:12:08,800 --> 01:12:09,360
Hold on.

977
01:12:09,360 --> 01:12:12,000
I need to because you asked a question.

978
01:12:12,000 --> 01:12:14,960
You thought it was rhetorical and it's not because I can answer it.

979
01:12:16,000 --> 01:12:16,880
What was the question?

980
01:12:16,880 --> 01:12:18,080
It was a fucking statement.

981
01:12:18,080 --> 01:12:21,600
It was a segue with a and I am throwing it right under the bus.

982
01:12:22,160 --> 01:12:24,000
So I can say what I want to say.

983
01:12:24,000 --> 01:12:24,800
I like it.

984
01:12:24,800 --> 01:12:30,160
My wedding cake is going to be almond like cake-ing and then Huckleberry cream on the inside.

985
01:12:30,160 --> 01:12:32,000
Oh, that's the fun bit.

986
01:12:32,000 --> 01:12:33,280
Now you can tell your story.

987
01:12:33,280 --> 01:12:34,160
Hasmose all the way through.

988
01:12:34,160 --> 01:12:34,800
It's not very cream.

989
01:12:36,560 --> 01:12:37,600
It's I don't know.

990
01:12:37,600 --> 01:12:39,840
Huckleberries and it's got like a buttercream mix.

991
01:12:39,840 --> 01:12:40,480
What the fuck?

992
01:12:40,480 --> 01:12:41,920
Huckleberry is a real thing?

993
01:12:41,920 --> 01:12:42,800
Like is it berry?

994
01:12:43,440 --> 01:12:43,680
Yeah.

995
01:12:43,680 --> 01:12:45,680
I think it's like it's like a blackberry.

996
01:12:45,680 --> 01:12:46,720
But yeah, not.

997
01:12:46,720 --> 01:12:47,600
But not.

998
01:12:47,600 --> 01:12:48,160
But not.

999
01:12:48,160 --> 01:12:48,880
So was Dragonberry.

1000
01:12:48,880 --> 01:12:53,040
I thought Huckleberry was just the Huckleberry Finn, which is the guy, you know.

1001
01:12:53,040 --> 01:12:54,640
No, you silly Sally.

1002
01:12:54,640 --> 01:12:57,760
So whenever in Tombstone, whenever we are silly, Sally,

1003
01:13:01,600 --> 01:13:02,720
silly, Sally.

1004
01:13:02,720 --> 01:13:02,960
Yeah.

1005
01:13:02,960 --> 01:13:04,160
No, Huckleberry is a real thing.

1006
01:13:04,160 --> 01:13:04,720
It's very good.

1007
01:13:04,720 --> 01:13:05,360
I like them a lot.

1008
01:13:06,320 --> 01:13:06,640
All right.

1009
01:13:06,640 --> 01:13:07,680
You can show us.

1010
01:13:07,680 --> 01:13:08,000
All right.

1011
01:13:08,000 --> 01:13:09,120
You're I guess.

1012
01:13:09,120 --> 01:13:10,640
Give a story questions.

1013
01:13:10,640 --> 01:13:12,080
Like, aren't you already married?

1014
01:13:12,080 --> 01:13:14,880
How can you get a light fucking wedding cake?

1015
01:13:14,880 --> 01:13:15,840
Well, yeah.

1016
01:13:15,840 --> 01:13:19,600
I mean, so yeah, I am already married because we are lobed.

1017
01:13:19,600 --> 01:13:21,920
But we are lobed with like her side of the family.

1018
01:13:21,920 --> 01:13:25,520
So like we did have a kind of like we went to the park and signed papers and we're like,

1019
01:13:25,520 --> 01:13:26,560
all right, we're married.

1020
01:13:26,560 --> 01:13:28,160
And now we're going to do my side of the family.

1021
01:13:28,160 --> 01:13:30,080
And we're going to have also some of her family.

1022
01:13:30,080 --> 01:13:32,400
So we're going to do a little, little more for this.

1023
01:13:32,400 --> 01:13:33,040
They know.

1024
01:13:33,040 --> 01:13:34,000
Everybody knows.

1025
01:13:34,000 --> 01:13:34,880
Everybody knows.

1026
01:13:34,880 --> 01:13:35,280
OK.

1027
01:13:35,280 --> 01:13:36,160
So everybody knows this is.

1028
01:13:36,720 --> 01:13:37,920
Everybody knows this is.

1029
01:13:37,920 --> 01:13:40,080
Everyone thinks it's like this is the real thing.

1030
01:13:40,080 --> 01:13:42,320
Does anybody think they're showing up to an actual wedding or they?

1031
01:13:42,320 --> 01:13:43,120
I mean, it's a what?

1032
01:13:43,120 --> 01:13:45,120
I mean, that's not a bad word.

1033
01:13:45,120 --> 01:13:47,360
But they think that you're that you are not married.

1034
01:13:47,360 --> 01:13:49,280
There's anybody everybody's showing up knows that you're married.

1035
01:13:49,280 --> 01:13:50,240
Everybody knows we're married.

1036
01:13:50,240 --> 01:13:50,480
Yeah.

1037
01:13:50,480 --> 01:13:51,040
For sure.

1038
01:13:51,040 --> 01:13:54,240
Well, and it's also like an excuse to get house stuff done because we're going to have

1039
01:13:54,240 --> 01:13:55,200
it in our backyard.

1040
01:13:55,200 --> 01:13:57,120
So like I've got my deck that needs rebuilt.

1041
01:13:57,120 --> 01:14:00,400
And so instead of, you know, putting money towards, I don't know, a venue or whatever,

1042
01:14:00,400 --> 01:14:04,560
we're just going to have a backyard and then I'm going to rebuild my deck with said difference.

1043
01:14:04,560 --> 01:14:10,080
You should have your wedding at your house and then just invite free labor over.

1044
01:14:10,080 --> 01:14:11,600
Oh, that's what's happening.

1045
01:14:11,600 --> 01:14:12,080
Yes.

1046
01:14:12,080 --> 01:14:13,360
That's exactly what's happening.

1047
01:14:15,040 --> 01:14:16,960
It's a lot of work to have a wedding at your house.

1048
01:14:16,960 --> 01:14:18,240
So it's not going to be a full wedding.

1049
01:14:18,240 --> 01:14:21,040
It's just going to be like a ceremony, really.

1050
01:14:21,040 --> 01:14:22,400
So I'm working there.

1051
01:14:22,400 --> 01:14:25,040
It's the part of the very is a bill.

1052
01:14:25,040 --> 01:14:27,680
Barry that I can't remember every nobile.

1053
01:14:27,680 --> 01:14:28,000
Barry.

1054
01:14:29,760 --> 01:14:38,480
But the there is some it has some dialect names in English, which I guess is when people

1055
01:14:38,480 --> 01:14:39,520
went over to America.

1056
01:14:40,880 --> 01:14:42,000
It was called a hurdle.

1057
01:14:42,000 --> 01:14:44,320
Barry, which presumably is how Huckleberry.

1058
01:14:44,880 --> 01:14:45,200
What?

1059
01:14:45,200 --> 01:14:47,520
I'll say one more time or a portal.

1060
01:14:47,520 --> 01:14:52,000
Barry, Huckleberry with a W Barry.

1061
01:14:52,000 --> 01:14:55,760
The phrase is like deep in research now, not knowing what a Huckleberry was.

1062
01:14:56,560 --> 01:14:58,240
I was deeply disturbed by now.

1063
01:14:58,240 --> 01:15:01,440
I mean, like I'm not great at plants and and whatnot.

1064
01:15:01,440 --> 01:15:03,440
I'm okay at trees sometimes.

1065
01:15:05,600 --> 01:15:09,600
Like, like I get really confused by what's a lime tree and what's a beach tree and that.

1066
01:15:10,640 --> 01:15:12,160
Put that on your Twitter profile.

1067
01:15:12,160 --> 01:15:14,560
I'm not great at plants, but I'm pretty good at trees.

1068
01:15:14,560 --> 01:15:15,440
Pretty good at trees.

1069
01:15:15,440 --> 01:15:20,560
Like, yeah, but then like things like a lot of trees like classic English hedgerow trees

1070
01:15:20,560 --> 01:15:23,360
are really like quite obvious a lot of the time what they are.

1071
01:15:24,880 --> 01:15:27,520
I guess the problem is like Americans, you've got so many good trees.

1072
01:15:27,520 --> 01:15:30,960
Like you do have like quite a lot of unspoiled nature, whereas like in the UK,

1073
01:15:30,960 --> 01:15:34,240
I like well, loads of things are fucked bird populations fucked.

1074
01:15:34,240 --> 01:15:35,760
But lots of nature nokes.

1075
01:15:35,760 --> 01:15:37,040
There's a lot of nature nokes.

1076
01:15:37,040 --> 01:15:40,320
There's a lot of fucked here, too, because we're getting a lot of like beetles and shit

1077
01:15:40,320 --> 01:15:42,000
from Asia, which I'm sure you guys are as well.

1078
01:15:42,000 --> 01:15:45,600
But we get a lot of lanternflies and ferrule hogs.

1079
01:15:46,320 --> 01:15:48,480
No, well, not around us, but yeah, they're around.

1080
01:15:48,480 --> 01:15:50,320
That's like South, isn't it?

1081
01:15:50,320 --> 01:15:51,680
That's good eating in West.

1082
01:15:51,680 --> 01:15:52,560
Good eating.

1083
01:15:52,560 --> 01:15:53,440
The ferrule hogs.

1084
01:15:54,880 --> 01:15:58,960
We have a problem where we have too few ferrule hogs generally in Europe.

1085
01:15:59,840 --> 01:16:01,600
I don't think that's a problem.

1086
01:16:01,600 --> 01:16:05,440
We have a problem of too few ferrule wolves, in my opinion.

1087
01:16:05,440 --> 01:16:05,840
You know what?

1088
01:16:05,840 --> 01:16:07,120
No, I retract that.

1089
01:16:07,120 --> 01:16:08,000
It's not an opinion.

1090
01:16:08,000 --> 01:16:08,400
It's fact.

1091
01:16:08,400 --> 01:16:13,040
We have too few ferrule wolves as well, but you need the wolves and the hogs because

1092
01:16:14,400 --> 01:16:21,200
basically a lot of tree saplings take root because they take root where hogs, well, not hogs,

1093
01:16:21,200 --> 01:16:26,400
you see wild boar, or depending on your country, they were actually different sub.

1094
01:16:27,440 --> 01:16:28,000
Doesn't matter.

1095
01:16:28,000 --> 01:16:33,520
But they disturb the soil, which allows the tree saplings to actually take root and then

1096
01:16:33,520 --> 01:16:41,040
large herbivores, like big cows, or predecessors of the modern cow, tread the saplings or the seeds

1097
01:16:41,040 --> 01:16:41,760
into the ground.

1098
01:16:42,400 --> 01:16:44,400
And then they poo, obviously, because they're big herbivores.

1099
01:16:44,400 --> 01:16:48,640
And then the poo first lizes the trees, and that's how you end up with ancient woodlands,

1100
01:16:48,640 --> 01:16:49,440
basically.

1101
01:16:49,440 --> 01:16:57,360
And that's why you just don't get a lot of that regrowth into what would be really

1102
01:16:57,360 --> 01:17:01,920
a healthy woodland ecosystem without the combination of hogs and large herbivores.

1103
01:17:01,920 --> 01:17:07,120
But it's also how you can get quite, it's obviously very low intensity farming, but it's

1104
01:17:07,120 --> 01:17:12,720
how you can also get quite sustainable beef and stuff like that, it's by combining hogs.

1105
01:17:12,720 --> 01:17:17,120
I keep saying ferrule hogs, and I just want to say ferrule hogs, but I gather anyway that's how

1106
01:17:17,120 --> 01:17:17,600
you would do it.

1107
01:17:18,800 --> 01:17:22,000
Things like in the Netherlands and stuff, they've done a lot of studies on this sort of stuff.

1108
01:17:22,000 --> 01:17:26,240
CBT- Well, similarly, a lot of people don't appreciate how destructive a lot of herbivores

1109
01:17:26,240 --> 01:17:31,680
are. If you go and kind of fall like a herd of elk, man, they annihilate everything that

1110
01:17:31,680 --> 01:17:37,440
they compass. Entire hill size will just be destroyed. So you'll see a lot of environmental

1111
01:17:37,440 --> 01:17:42,000
spin, like, oh, we've got to save the elk and the deer. Meanwhile, they're not understanding that

1112
01:17:42,000 --> 01:17:42,320
like-

1113
01:17:42,320 --> 01:17:44,000
CBT- We need predators for them too.

1114
01:17:44,000 --> 01:17:48,240
CBT- Yeah, exactly. Yeah. The argument is that we don't need wolves because we need to protect

1115
01:17:48,240 --> 01:17:56,320
the deers and the elk. But they're so destructive that having a balance or a check would have

1116
01:17:56,320 --> 01:18:02,320
helped the situation. And hunters, long story, but there aren't enough hunters, so they're not able

1117
01:18:02,320 --> 01:18:03,760
to make that difference.

1118
01:18:03,760 --> 01:18:11,440
CBT- Yeah. Well, we have so many deer in deer parks in the UK, and then they literally would

1119
01:18:11,440 --> 01:18:16,880
die in winter. Every year there's deer cull because otherwise their populations are too big to survive.

1120
01:18:16,880 --> 01:18:21,520
So they just get killed. And it's like one of the most, as a result, it's really sustainable meat.

1121
01:18:21,520 --> 01:18:25,520
If you do want to eat meat, you just go after a deer cull and you're like, hey, venison,

1122
01:18:25,520 --> 01:18:31,280
it's relatively cheap, it's organic, and they literally would die anyway. But the problem is

1123
01:18:31,280 --> 01:18:36,640
the deer population is actually too big anyway. So yeah. Anyway, fun with deer.

1124
01:18:36,640 --> 01:18:43,280
CBT- We've covered the gamut. Cosmos. Cosmos Maladay podcast. Welcome to G-Mos.

1125
01:18:43,280 --> 01:18:44,240
CBT- Yeah, right. What the fuck?

1126
01:18:44,240 --> 01:18:47,440
CBT- I think Noel had a story he wanted to tell, and he's been looking very impatient up in the

1127
01:18:47,440 --> 01:18:47,840
corner.

1128
01:18:47,840 --> 01:18:58,320
CBT- I thought he told it. CBT- Fuckin' time passed. But hey, didn't Penumbra

1129
01:18:59,200 --> 01:19:08,320
or Numbra have the stable test net now or something instead of doing a new test net every week?

1130
01:19:08,320 --> 01:19:10,000
I saw an answer to that number.

1131
01:19:10,000 --> 01:19:13,520
CBT- I think it came out today. And I think this is their official launch of their private

1132
01:19:13,520 --> 01:19:17,920
dex. Because that's what Penumbra is, right? It's effectively a private dex for the start.

1133
01:19:18,960 --> 01:19:21,200
I think today was the start of the...

1134
01:19:21,200 --> 01:19:28,720
CBT- Shielded swaps now execute against the first complete version of Numbra dex engine.

1135
01:19:28,720 --> 01:19:30,400
Is it Penumbra or Numbra?

1136
01:19:30,400 --> 01:19:31,840
CBT- Penumbra.

1137
01:19:31,840 --> 01:19:32,720
CBT- Penumbra?

1138
01:19:32,720 --> 01:19:35,680
CBT- Yeah, Penumbra because it's P-N, not P-N.

1139
01:19:35,680 --> 01:19:44,240
CBT- Yeah, so it looks like they're firing on all cylinders. I mean, it could have been a silent P

1140
01:19:44,240 --> 01:19:44,960
for fuck's sake.

1141
01:19:44,960 --> 01:19:51,840
CBT- Typically, it's only a silent P. If it's P, then immediately followed by N. If there's a

1142
01:19:51,840 --> 01:19:55,200
vowel in between, then you pronounce the vowel. But there isn't a P-N.

1143
01:19:55,200 --> 01:19:57,520
CBT- I didn't major in like fucking English.

1144
01:19:57,520 --> 01:19:58,880
CBT- It's P-E-Numbra.

1145
01:19:58,880 --> 01:20:00,800
CBT- Oh, it is P-E-N. Oh, okay. Yeah.

1146
01:20:00,800 --> 01:20:01,360
CBT- Sorry.

1147
01:20:01,360 --> 01:20:06,160
CBT- Okay, so there's no E then we're talking silent P situation.

1148
01:20:06,160 --> 01:20:12,160
CBT- Also because they're optical phenomenon, aren't they? So it's Umbra and Penumbra.

1149
01:20:12,800 --> 01:20:20,720
So you can infer that Pen is probably... I actually don't know this, but I would strongly guess that

1150
01:20:21,360 --> 01:20:29,920
Pen is a Latin pre-modifier to describe the difference between Umbra and Penumbra,

1151
01:20:29,920 --> 01:20:36,000
like the bit around. And therefore, Pen will be pronounced the Latin way, which would be hard

1152
01:20:36,000 --> 01:20:42,320
letters because it's like just like Latin, generally Latin things. Like, there's not a hard and fast

1153
01:20:42,320 --> 01:20:47,120
rule. It's been a long time since I did Latin at school, but they generally are very hard sounds,

1154
01:20:47,120 --> 01:20:50,880
aren't they? So if you're going to pronounce it like Caesar, we always say Caesar, but it's actually

1155
01:20:50,880 --> 01:20:54,720
Kaiser, isn't it? It's how it would be pronounced in Latin. So if you see P-E-N, you're like,

1156
01:20:54,720 --> 01:21:01,280
it's probably Pen rather than any softer way of putting it. Hey, the...

1157
01:21:01,280 --> 01:21:03,280
CBT- Or like, or like, Kaiser and Quasar.

1158
01:21:03,280 --> 01:21:06,400
T-Quasar. It's not Quasar, probably. Or they...

1159
01:21:07,120 --> 01:21:11,440
It's quite... Quasar be Greek? I don't know. Answers in the comments. I don't know.

1160
01:21:11,440 --> 01:21:13,040
CBT- That's good.

1161
01:21:13,040 --> 01:21:15,680
T- Like and subscribe for the answer next week.

1162
01:21:15,680 --> 01:21:21,680
CBT- Yeah, next week we'll look up word histories. What's that? Tim, I always get mixed up between

1163
01:21:21,680 --> 01:21:25,680
the ones with bugs and the ones with word history. Etymology?

1164
01:21:25,680 --> 01:21:28,160
T- Yeah, etymology. That's word history.

1165
01:21:28,160 --> 01:21:29,200
CBT- Oh, is that... Oh, shit.

1166
01:21:29,200 --> 01:21:29,680
T- Of course, sure.

1167
01:21:29,680 --> 01:21:30,240
CBT- Let's hear this one.

1168
01:21:30,240 --> 01:21:31,120
T- Fuck. All right.

1169
01:21:31,120 --> 01:21:32,800
T- Etymology is cool, all right?

1170
01:21:32,800 --> 01:21:40,320
CBT- On our agenda for this week, we are 90 or 60, 80 something minutes in. We've not talked

1171
01:21:40,320 --> 01:21:45,440
about Huckleberry. We've not talked about anything else. We have talked about deer population.

1172
01:21:45,440 --> 01:21:49,520
We've ignored Null stories. We've shit on the cosmos mostly. Is there anything else?

1173
01:21:49,520 --> 01:21:52,880
We miss anything? Etymology is bugged. That's what I thought. Thanks, Funtapunky.

1174
01:21:52,880 --> 01:21:55,120
T- Anything else to add?

1175
01:21:55,120 --> 01:21:57,840
CBT- We ranked the tool albums as well. That was good.

1176
01:21:57,840 --> 01:21:58,800
T- That's true.

1177
01:21:58,800 --> 01:22:02,880
CBT- I think that was both pre-show. We're talking about tool pre-show.

1178
01:22:02,880 --> 01:22:08,240
T- Another thing worth bearing in mind is that some people have taken MIDI transcriptions of

1179
01:22:08,240 --> 01:22:10,880
tool and run them through the N64 sound engine.

1180
01:22:10,880 --> 01:22:13,200
CBT- Oh, yeah. I'll put those a couple of those on the show.

1181
01:22:13,200 --> 01:22:16,640
T- That's really good. So you can go find your favorite tool album and listen to it in

1182
01:22:16,640 --> 01:22:22,960
N64 mode. I'm going to put it out there and say that I think Latteralus reveals it's true genius

1183
01:22:22,960 --> 01:22:30,160
as the best tool album through its N64 version. I can't get enough of the parabola.

1184
01:22:30,160 --> 01:22:34,000
CBT- 10,000 days on that little thing was really good too though.

1185
01:22:34,000 --> 01:22:38,400
T- Yeah. I feel like one of the right in two or maybe the pot was pretty decent.

1186
01:22:38,400 --> 01:22:43,520
Also, the pot, if you've never seen the John Q cover version, the drummer,

1187
01:22:43,520 --> 01:22:51,520
where he's just like a geologist or something. He uploads really occasional drum covers to

1188
01:22:51,520 --> 01:22:57,200
YouTube once a year or something for songs that he really wants to learn. And there's a great

1189
01:22:57,200 --> 01:23:02,080
video a few years ago where he was just like, the pot is pretty much tools hardest song in my book.

1190
01:23:02,080 --> 01:23:04,640
I'm going to try and learn it. He learns it in films.

1191
01:23:04,640 --> 01:23:05,200
CBT- Is it really?

1192
01:23:05,200 --> 01:23:10,240
T- There's a couple of bits of very complicated compound time, is my understanding,

1193
01:23:10,240 --> 01:23:15,200
like in that bit in the middle. And so just getting the timing nailed is just super hard.

1194
01:23:15,200 --> 01:23:20,080
And also all of the, just the fact is also very technical. But the combination of all

1195
01:23:20,080 --> 01:23:22,560
the poly rhythms. And there's-

1196
01:23:22,560 --> 01:23:25,200
CBT- There's a reason why he's called the octopus, that's all I'm saying.

1197
01:23:25,200 --> 01:23:25,920
T- I like Kari.

1198
01:23:25,920 --> 01:23:31,200
T- There's basically a moment where the poly rhythms largely end and you're on the home

1199
01:23:31,200 --> 01:23:35,840
straight of the song. It's just after the breakdown. And this video is amazing because

1200
01:23:35,840 --> 01:23:41,840
like obviously you don't know watching the video. I happened to have watched the making of thing

1201
01:23:41,840 --> 01:23:45,840
before I watched the video. So I knew he'd taken him like 100 hours to learn this.

1202
01:23:45,840 --> 01:23:48,880
And he had done like 40 takes or something like it was, and he was like,

1203
01:23:48,880 --> 01:23:54,400
this is the last take. I can't do this anymore. And he gets to the point where it's like,

1204
01:23:54,400 --> 01:23:58,160
there's the one more bit of the breakdown to do and then you're on the home straight.

1205
01:23:58,160 --> 01:24:00,880
If you get through that, you're going to get through the rest of the song.

1206
01:24:00,880 --> 01:24:06,880
And it looks like he's about to fuck it. And then he just gets back control, pushes on through

1207
01:24:06,880 --> 01:24:11,360
the breakdown bit. And you see his face, the second he realizes he's done it.

1208
01:24:11,920 --> 01:24:16,240
And then there's a moment where you have like, I think it's like literally two to three beats

1209
01:24:16,240 --> 01:24:18,880
rest or something. It's when the...

1210
01:24:23,840 --> 01:24:29,920
And then there's one, two, three, four, but a bit of that rhythm. It's really similar to the

1211
01:24:29,920 --> 01:24:35,200
break in Parabola, actually, which I hum there. It's not the same riff, but it is a similar break

1212
01:24:35,200 --> 01:24:40,160
figure. And he just goes for it. Yolos and fucking flips his drumsticks.

1213
01:24:42,480 --> 01:24:46,720
Because he's going to fuck it up. But that obviously doesn't. It's just amazing. But this is

1214
01:24:46,720 --> 01:24:50,880
like one of the most pure moments of enjoyment I've seen from any musician ever. And it's worth

1215
01:24:50,880 --> 01:24:54,720
watching that video just for the moment where he realizes he's done it. He realizes he's done it.

1216
01:24:54,720 --> 01:25:00,240
And then he decides to gamble and throws his drumstick anyway. And then he's through it. And

1217
01:25:00,240 --> 01:25:03,760
he does actually finish it and you're like, fucking hell, man, I would not have thrown that drumstick.

1218
01:25:04,880 --> 01:25:08,640
I wouldn't have done it. Sounds like a true DJ. And he should probably be a validator.

1219
01:25:08,640 --> 01:25:26,560
Yeah, small balls wouldn't throw the drumstick.