AllCoreDevs Update, Hashflow on Polygon and more - The Daily Gwei Refuel #304 - Ethereum Updates

31 Jan 2022 · 29:43

Anthony Sassano rounds up Ethereum news for 31 January 2022 on The Daily Gwei Refuel. He starts with Vitalik Buterin's post on shared security, explaining why assets bridged from other layer 1 chains are only as secure as where they were issued while rollups inherit Ethereum's security. He covers an All Core Devs update showing early Shanghai upgrade planning, including EIP-3074 for bundling transactions and EIP-4488 to cut rollup data costs, then praises Rainbow wallet for supporting Polygon, Optimism and Arbitrum without manual network setup. Other items include Hashflow launching on Polygon, open problems in DeFi, Tim Roughgarden's free blockchain lectures and Layer 2 Amsterdam, before a warning against buying tokens promoted by traders.

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hello everyone and welcome to another episode of the delegate refuel worry cap the latest news in the ethereum ecosystem i'm your host anthony sosano and today's the 31st of january 2022 all right everyone let's get into it so first on the agenda here we have a post from vitalik with a quick reminder of what shared security means and why it is important now this is a bit of a lengthy post oh not not too lengthy but i suggest going and reading it for yourself if you want to kind of like get the gist of it but what i wanted to focus on was kind of like this table that he put together here and i mean the tldr of this post is basically looking at the different security properties of independent layer ones layer two side chains all that sort of stuff and this goes back to what i was talking about

actually last week on um the bankless live stream that i did with david about bridges and what i've been talking about a lot on the refill lately around bridges and how kind of like your assets are only as secure as where they're issued and stuff like that so you can see here some examples so if the asset is issued on ethereum and you are using that asset on ethereum then the security level is high because you have ethereum's security level you have the miners securing the network you have ethereum layer 1's decentralization in the future you will have the the stakers and validators securing the network there another example is you know your asset is on avalanche this is an example i used last week um and you were using that asset on ethereum uh the security is is low so if you've bridged an asset

from avalanche over to ethereum then as i explained last week with these bridges it's basically just an iou because the asset was originally issued on avalanche so you really are at the kind of mercy of the avalanche validators and the avalanche network not you don't have the ethereum security for those assets because um they're not issued natively on ethereum and you know they're kind of like um the differences here between other layer ones and and layer twos as you guys know is that with layer twos they don't have their own validators they don't have their own consensus uh their own kind of like validators that come to consensus on things and their own security they rely on ethereum for that so if the asset is issued on optimism for example and you are using that asset on ethereum then your security level is still high because of

the fact that they're it's a it's a roll-up right that's that's kind of like the security properties that we like so i thought this was a really great and timely post because i've been seeing a bit of um i guess fud coming from uh some kind of people in the industry about roll-ups and trying to redefine what layer one and layer two mean and what roll-ups means and it's all pretty much like lies and misinformation it's actually pretty bad i'm i'm pretty disappointed to see the things coming out of people uh especially from the avalanche ecosystem both emin and kevin who i know emin's a founder i'm not i'm not 100 sure if kevin is a founder of avalanche but uh they're spreading some pretty bad misinformation right now about layer two's roll-ups and layer ones and things like that so i thought this blog post

from vitalik was very timely uh and it's very very accurate it's uh it's basically the the industry standard agreed upon definitions of these things and it it basically fits in with the objective kind of reality of this sort of stuff so i just wanted to kind of like highlight that there but definitely recommend giving this this post a read as it's very important and it's a it's very straightforward it's not too technical it's actually not really technical at all i think by now pretty much all of you guys listening to the refuel should understand what what a vitalik is saying in this post if you've been watching and listening for quite a while as i've talked about this a lot as well and tried to explain it as best i can um but vitalik putting it down on on paper i guess so to speak is is a really

great way to visualize it as well so and you all called dev's update from tim biker over the weekend so i did say to you guys oh okay this isn't working i did say to you guys that i expected a um i guess like a a recap of consugi from okay it's working now from danny ryan but i think i'm not sure if that's still coming or not it may or may not be but there was a recap given in this all core devs update from from timbigo tim baiko so some stuff about the consul merge test net here some more stuff around shanghai actually which i actually didn't realize that we were this far ahead at this point but apparently we are shanghai is going to be the first hard fork network upgrade after the merge goes through and there's already a bunch of eips or or um

or features that people want to get into the network and there's already work beginning on this in terms of kind of research and development so i think uh the the merge is basically at the point now where essentially just kind of like testing it making sure everything's good the spec seems to be nearing the part where it gets frozen and by a frozen speck it means that there's no more changes to be made that's what what's going to go in on main net and it makes it much easier to kind of like develop around but yeah i was really surprised to see the shanghai updates included here but this is great i mean this includes the um ux improvements that people have been uh screaming about erp 3074 and i've talked about that before and yeah i'm pretty sure that's the eip where essentially it bundles the

transactions so you don't have to do a separate transaction for like an approve if you're doing a swap for swap of a new asset you wouldn't have to approve that asset and then swapping two separate transactions it would happen in one uh aip 4488 which reduces the core data costs which would lower the cost of rollups by about 5x i've covered that um extensively on the on the refill before and a bunch of other things as well so very very awesome to see that the shanghai planning is already begun maybe we see it end of year maybe that's uh then maybe um the withdrawals going to shanghai because as you guys know withdrawals for stakers isn't going through with the merger it's coming about six months later so maybe we see that in the shanghai hard fork network upgrade so very very excited to see that

but i recommend giving this core devs update a read i'll link it in the youtube description because it's got a bunch of links to a bunch of other things that you can read as well so mike here had a really great uh little i guess thread about roll-ups and and kind of like l1s and l2's and how they scale and and visualize that with the bus visualization that i've used before here so you can see on the left hand side of this image transacting on l1 is essentially a bunch of you know individual cars and a bunch of people um and those are the amount of people that you fit into those cars you can see how much of the road space it takes up then on the right hand side you have like the same amount of people but you have a bus and then this is transacting on roll-ups

where we can basically pack more transactions into um into a roll-up than we can on l1 and kind of like make better use of that l1 space so essentially making better use of the road as you can see in this in this image here now this is a very uh i mean i always like this analogy but it obviously misses a lot of stuff like obviously scaling via layer twos is going to give you much more capacity than a bus that does on the road like you know in reality this amount of people using using the bus i mean the amount of road that would be using is very minimal compared to how much roll-ups are going to scale and that's what people like using the vertical analogy of kind of like um skyscrapers so basically building the skyscraper up as much as possible and

then on each level of that skyscraper you can have like you know as many people as you i mean a lot of people not as many as you want obviously it's not unlimited but many many many people there and then um the horizontal scaling with sharding basically lets you build more skyscrapers right it gives you more i guess like land to build more skyscrapers on so people prefer that analogy but i've always liked this because what i always like to do when i look for analogies is try to try to think like it does is this going to resonate with people that have absolutely no context around kind of like l2s like they've got basic understanding of blockchains they understand transactions they understand why uh you know it can't be unlimited scale because the the essentially the size that we have to fit transactions into

is smaller but then when explaining kind of like okay well we're scaling via this thing called layer two it essentially packs more transactions in to this thing uh where i guess in the zk roll up uh in in the zk rollup sense and into the proofs um and then in the optimistic rollup sense i mean you can already go off on like a really big tangent here describing roll-ups but essentially you get more bang for your buck of the of the ethereum block space right we're basically condensing those transactions exactly what happens in a kind of analogy like this where you're basically condensing all these people out of their kind of like owned cars into a bus and you get a lot more bang for your buck in terms of kind of like road space and things like that so i thought that was a really cool thread

definitely go give this thread a read it's a short thread it's got a bunch of kind of like explanations about this sort of stuff um so so yeah great great thread here mike i know you're active in the discord channel it's actually where i saw this thread um so yeah great great work here i hope you keep doing more of these so rainbow wallet uh put out a tweet over the weekend that i wrote today's newsletter about where they said rainbow supports cheaper networks like polygon optimism and arbitrary out of the box without any need for manual configuration they just work and all of your tokens appear without needing to switch networks now this may seem like something small but i think this is an absolutely massive ux upgrade from what we're used to think about what you have to do with metamask when you

switch networks when you add a new network right to add a new network manually in metamask there's all these new terminology that you'll see that uh we should never show the end user stuff like chain id and rpc url and block explorer url i'm sorry but like that sort of stuff should never be shown to the kind of like a regular user that sort of stuff is power user stuff like even even that because of the fact is this that's like showing users the ipv4 settings and saying hey input your ip here or input your you know your dns yes you can do that but most users should never have to do that i should just work out of the box that is the secret to mass adoption and that's exactly what rainbow has done here it just works out of the box you don't have to add your

you the map you don't have to add the networks manually you don't have to kind of like switch them or anything it's just all in the background and all working uh working nicely there and they also have a little little logo on the um on the asset to tell you what network it's on like i actually sometimes find myself uh uh i mean i i used to i think you know zappa does this to it they put the little logo there but it used to be kind of like i didn't know where all my assets were and i had to kind of manually go to a block explorer and find them that is not any ever going to be a thing that most people do and they shouldn't have to do that it's a it's a pain in the ass so just having that logo

there tells people okay well you know you have a aether you have atheia you have you know in this case medic on polygon right and it just makes it much easier for people to kind of like get a quick glance of where their assets are uh and kind of like so that you know i mean they're also going to like have a heart attack if they don't see their assets in like their ethereum l1 wallet where they forgot that they bridged them to like arbitration or something like that right so there's also that aspect to it as well so i just wanted to kind of pick on that there's a the delegate newsletter today um is actually i have a bit more about this and i talked about how like web 2 has optimized for clicks and and you know the shortest amount of clicks possible and stuff like that so i

definitely recommend giving that a read if you want more context around this and more details around this so cash flow is now live on polygons you can take advantage of the low transaction fees on polygon to slap trade with zero slippage and no mev exploits and on the best yields without impermanent loss so easy to get started trading you just go to apple.hashflow.com here very awesome to see them live on polygon um i think they're going to be going live on every evm compatible network uh which means obviously arbitrary optimism and a bunch of the other kind of like alt l1 that are evm compatible which makes sense i mean this is how the evm becomes like the standard and become and just increases its network effect and is actually bullish for like the basically

ethereum as a whole because think about it the amount of entrenchment the evm has means that all these evm compatible rollups that we have the object and optimism right now zkvms in the future they're all just going to be immediately populated with apps because the apps are already built in these sorts of things they're already um they're already kind of uh compatible with them so there's no need to reinvent the wheel here but at the same time as i've said to you guys before i'm very very bullish on efforts being made by other by kind of like the layer two teams uh doing something other than the evm obviously star wars very big there with cairo and stuff like that and stark x and there'll be others but uh you can't deny the evm's network effect at this point in the abm's mode

it's just it's really really big it's only getting bigger and you know as a people as much as people think the evm is inferior technology uh it doesn't matter right it's what works it's what everyone's familiar with it's what the app developers are familiar with it's uh and it's basically what keeps getting network effect as as time goes on so a little little tangent there but definitely go check out this and check out hashflow on on polygon if you're a regular user on the on the pos chain there so emperor on twitter put out a blog post over the weekend i think it was um titled a list of open problems in d5 now i spoke last week about after the frog nation fallout about how i think that a lot of what we're seeing right now in quote-unquote d5 isn't

actually defy or finance it's like ponzi games or money games and because of that people are kind of like misattributing things and saying okay well this is a problem in d5 this needs to be solved and it's like well if it's a ponzi or if it's reliant on kind of like fresh money coming in for it to actually work and it only works in bull markets well that's a fundamental underlying issue that's not like a problem that needs to be solved that's a fundamental issue that may not even have a solution right whereas the problems in d5 that i think of immediately that immediately come to mind are things like relying too much on centralized front ends right admin keys multi-sigs having having systems that basically are too interconnected with each other that are

one you know one little one cog in the system is too weak and if that breaks everything breaks like those sorts of things um but in this blog post emperor put together a very very comprehensive list of open problems within d5 that i think is a highly recommended read some things around kind of like risk management and risk scoring on lending borrowing pools which is something that a lot of users don't think about but is extremely important for the protocols to think about a bunch of other things around here around derivatives which can get out of hand as well reputation systems oracles you know oracles are a big thing like power all of d5 and they carry a lot of risk with them as well so i definitely recommend giving this post a read for more context around around open problems in d5 but these are

the things that i think can be fixed in one way or another the things that i don't think can be fixed as i said are the fundam are the products that are fundamentally built around the fact that they need new capital entering all the time to even work and once that capital kind of dries up they fall apart completely and of course i'm talking about things like um not not so much olympus i think olympus is making an honest attempt at trying to build something uh that that actually has long term lasting value but the forks of it definitely aren't and all the forks have pretty much like dumped really really hard because the game was up the musical chairs the the the music stopped and there was literally one chair for like you know a thousand people so that i think that those are

fundamental issues that aren't going to be fixed but even instill in saying that i think that there are kind of like ways that these teams such as olympus can kind of like work around this find better mechanisms to put in place even if they have to re-architect things and then it could be cool but these open problems are different to that uh once again i i i have to stress the fact that just because something calls itself defy it doesn't mean that it's actually defy or finance related it just it could just be you know saying that it's defy because it's just easy for them for them to market themselves as that a lot of these things are ponzi's a lot of these things are money games a lot of these things are not going to be the future of finance right not even the future of france they're

just going to a lot of them are going to not i mean nothing goes to zero but a lot of them are going to lose a lot of people money because they think that it's d5 when in reality it's not but anyway i'm done with the rant there on to the next update from joey here who announced tribe turbo over the weekend which is a new d5 primitive which allows any token to become productive and provide fail liquidity at no cost to the markets that need it most how is this possible you ask well joey has a thread here now this is innovation in d5 this is stuff that people have kind of like talked about with regards to d5 2.0 and you know as i've said to you guys before i think the d5 2.0 branding is just kind of uh just that's like marketing right it's just

like kind of a meme i think that there's plenty of innovation going on within d5 and the protocols that people refer to as default 1.0 that uh there's no use kind of like separating them anymore it's just d fight to me and there's no d5 3.0 or d5 4.0 it's just d5 guys and we're improving it as time goes on and that's exactly what uh what joey's doing here with fey protocol uh by with uh with tribe turbo joey and of course his team in the community as well um i definitely recommend giving this threat a read for a uh a breakdown of exactly what's going on here what what's happening you know when to expect it stuff like that uh because it's very very interesting so i'll link that in the youtube description for you guys so joseph de long actually teased this over the weekend and i just wanted to

give a quick shout out here there is a new protocol coming called astaria and i have no idea what it does there i don't think there's any information about it they have one tweet um saying we are all on borrowed time and people were kind of i think focusing on the the word time here and thinking it was reference to the wonderland project and it was kind of like going to be another um another uh olympus fork another on fork i don't know all i know is that joseph long's involved who was the former cto of sushi swap and before that he was working on e2 stuff very very smart guy i'm very much looking forward to seeing what this is but i thought i'd put it on your guys radar because i usually try to point out projects when they're really early on in their life cycle uh for you

guys so you guys can get can get on board with that and be kind of like early to it because at the end of the day i think the biggest um maybe not the biggest the most powerful alpha in this ecosystem is just being early to things that succeed now obviously being early to um just through some things is not going to get you anywhere a lot of projects don't actually succeed a lot of projects may just have a pump and dump where their token goes up really quickly then comes back down really quickly but if you catch that just you know one that you're really early to you get in really early maybe you you know you get like a healthy air drop for being early or you invest early on when no one else is paying attention to it or you become part of the team become part of the

community and you get rewarded for that that is how i've seen a lot of people or pretty much everyone make their fortunes in crypto i mean all of my friends are hardcore ethereum people we kind of like you know went through the bear market together all that sort of stuff we were relatively early to if and that's kind of like where how we kind of like got to where we are um and also d5 the you know with d5 summer in 2020 that's the same same kind of story there there are a lot of people who are very early to nfts and saw what was coming and made the right bets and have kind of like ridden that wave up so you can be uh i mean you could be early you can but but being late is very easy too because you can think that you're early in terms

of kind of like uh the cycle because you've got to look at it from like a in cryptocycle and then like a out of cryptocycle there's the in crypto cycles that happen pretty regularly where things can get out of control and then come back down but you're still early if you kind of like take the out of crypto cycle into account which is a much longer term cycle so let maybe i'm confusing you guys for uh here but let me just use an example the way i think about it is eth went to 1400 in 2017 then went back to 80 dollars by the end of 2018. that was an in crypto cycle eth went from i guess what was it 30 cents in 2015 to now two and a half or i guess whatever it is two thousand six hundred dollars

right now um that is a kind of like an auto crypt out of crypto cycle because that is pretty much gone because we're not obviously at all-time high we're not in like the 4000's or anything like that but the price that ethies now most of its life hasn't been at this price and as time goes on as ethereum becomes more successful the obviously the earlier you were the more more kind of like return you would have had but the thing is is that you can't just look at like the microchasm of 2017 and 2018 and in the rest of the bear market you have to kind of like look at the long term the macro sense if you want to look at the out of crypto cycle and i guess maybe that's the wrong terminology to use or maybe confusing terminology out of crypto just basically means that

you know you if you expect more and more people to come into this industry to invest in this industry uh then over time the assets that you hold or the projects that you're backing if they're good should do well and the same was true for so many kind of projects i i use ava as an example right are there i think at the bottom of um arves price which was known as um lend uh back in 2019 i think it bottomed out like a 5 million market cap or something like that today i think it's two or three billion dollars in market cap so and and that's after it kind of like pumped up in 2017 because i believe it was an ico but uh you just got to look at the long term i mean this is just a roundabout way of me saying zoom out but it you

know depends on your time horizon as well a lot of people don't want to have to hold on to something for 10 years to make a return i mean that's fine like you can go do whatever you want um you know if you want to make a lot of money within a few months i mean that's it's not investing to me it's kind of like speculating and gambling but that's the kind of like mindset a lot of people come into this industry with and you know i always find it funny that when it kind of like happens like that because the most successful people that i know in this industry and the ones that have made the most money are the long-term investors the short term they may make some money in the in the short term but then they leave a lot on the table right

it's like coming to a coming to a a table uh uh eating really quickly it's like a dinner ta or i guess like a a a um an all you can eat table eating really quickly and then missing out on the other food that that is yet to come it's the same with these short-term speculators that maybe hang around for three months they come they make a little bit of money really quickly but then they miss out on all the money they could have made by being a long-term investor and they could have made you know potentially a lot more so i think um you know bringing it back to astaria here not to say that this is kind of going to be a project that's going to kind of like uh it's going to get you to make it as they say but just

being early in general to projects like astaria uh if they do succeed um i think it's kind of like the best way to do that it's the best way to make it in this industry so definitely go follow the account and keep an eye on it uh i'm very curious to see what this project is so the first lecture from tim roughgarden called the foundations of for from his foundations of blockchain uh lecture series is now available on youtube so i think it's only a 10 minute video or at least kind of like the first first video is is 10 minutes here but as i mentioned before i'm pretty sure i mentioned this on refuel tim roughgarden who is a professor at columbia university and also worked on eip1559 and did a kind of like research paper for it he's now doing a fun

foundations of blockchains lecture series on on youtube it's completely free so definitely go watch the first episode i really really enjoyed kind of like watching it it was it was pretty good even for me who obviously isn't a beginner it's still a good to go back to the basics and go back to the foundations of things and there was actually one tweet in this thread that i really really loved and really resonated with and i think a lot of people are going to resonate with where tim says for us blockchains will not be about digital money except as it means to an end but rather a new computing paradigm a programmable computer that lives in the sky that is not owned by anyone and that anyone can use this is exactly kind of why i've been so interested in ethereum over and smart contract chains in general

over something like bitcoin i don't think money or just digital money is the revolution here i agree with tim the revolution is a new computing paradigm if you just look at the money thing you're kind of like getting maybe 10 of this industry even less than that but what i love about ethereum is that it still has the money aspect to it it still has a native asset tied to it that native asset is not just an afterthought it is part is a core part of the network but the ethereum network is so much more than ether as an asset it is obviously all of the apps running on top of it no matter what it is d5 nfts whatever it's all of that sort of stuff it's i mean it's even beyond that it's like all the research that's going into all the bleeding edge cryptography it's all the

research going to bleeding edge computing stuff like roll-ups and and stuff like that and all the privacy stuff we've got going on i mean it's so much more than just digital money which as tim says is just a means to an end and i agree with that but uh that's not to say that digital money isn't interesting it's just so much less interesting than the rest of what this industry has to offer so i just really liked that uh that tweet here from tim but i'll link this in the youtube description you can go check it out for yourself so just a couple of final things here l2 beat announced that they're going to be hosting a conference in amsterdam called layer 2 amsterdam happening on april 19th and april 20th this year and this is going to be happening around ef dev connect here or dev connect and also eat

amsterdam as well i am going to be at amsterdam i know i originally said i was going to be at denver but apparently apparently but unfortunately i'm not able to make it to denver i am going to try so hard to make it to amsterdam i really really want to go i'm i'm you know i'm i i'm i'm going i just like barring any kind of like things that stop me from going maybe at the moment i don't think i can fly out unless i return a negative covert test i think that's the only thing that will stop me from growing is that if i return a positive cover test before my flight i won't be able to actually uh go go um but i'm planning to come and i'm planning to stay in amsterdam for a couple of weeks as well definitely want to see what the um

what the city has to offer but i'm super pumped for this i'm pumped for like everything i mean devconnect is uh is is going to be focusing on the economics of ethereum as well i believe which is super exciting because usually ethereum conferences don't do that um and then obviously layer 2 amsterdam is going to be from l2 bait is going to be focusing on the later two ecosystem and then 8th amsterdam is going to be a classic hackathon bunch of different talks from different people and i'm sure there's going to be other side events happening during that kind of like one to maybe two week period there so i'm super looking forward to this i hope to meet a lot of you in amsterdam i was hoping to meet a lot of you in denver but that's not happening so amsterdam and april's the next best thing here um but yeah

definitely go i kind of check this out i think there's a way to rsp vp yet but you should be following the l2 beat account on twitter anyway um l2b obviously is that website that tracks all the l2 metrics l2b.com i've talked about them a lot on the on the review before so yeah definitely go go check that all out all right finally here i just wanted to give a quick shout out that uh as you guys know i'm an advisor at a polygon and i was contacted for uh by the team because they want some help recruiting someone to lead devre rel or developer relations in the us so if this sounds like you if you think that you can do developer relations i mean if you don't know what that is then then you probably can't do it especially you probably can't even you

obviously can't lead and lead it but if it sounds like you if it's something that you are interested in doing it's something that you've got experience in uh definitely dm me on twitter i'll um i'll get back to you in the next couple of days and i'll do an intro with the polygon guys if you fit the bill um and damn me with an intro of yourself don't just dm me and say hey i'm interested because i've got so many dms to go through so please just intro with uh with why you think you're kind of i guess like fit for the role i think this is obviously an awesome role because of the fact that you'll be working with one of the bleeding edge kind of like ethereum scaling solutions polygon's awesome i mean the team's awesome i've worked with them as an advisor for over

a year now i have nothing but good things to say about them of course um but yeah if this kind of like fits you then definitely uh dm me on twitter with an intro uh if i don't get back to you uh it's because i it's either i've um i've got other people that have already kind of like been passed on or who didn't fit the bill so don't take offense to it um but still don't be shy reaching out to me on twitter there now i have a couple of minutes left i just wanted to make a quick comment about the markets i know i've talked about the markets a bit too much lately and i don't usually do it but quick comment on the markets here i i'm really i'm a little bit frustrated about kind of like what i saw play out

on twitter over the last few months especially with all of these traders and rotators just shilling absolute garbage to everyone i just wanna like this isn't investment advice but i just want to give a bit of like kind of live advice to you guys i personally have never uh other than my first foray into crypto in 2013 i have never since i got back into crypto 2017 looked at these people and said oh i want to buy this thing because this person shielded to me as i said to you guys before if someone is showing you something especially a trader on twitter they've already packed their bags they could have packed their bags you know ages ago and like at a much cheaper price what they're doing by showing it to you especially if they're a trader they're looking to pump the price up so that

they can have exit liquidity so they can have a higher price to exit at and so they're not going to tell you that they sold they're never going to tell you that they sold and there's plenty of these people who do this and it really really annoys me when this happens because i know people get hurt doing this they buy into it they get dumped on and then they're kind of left holding the bag two weeks ago everyone was meaning this thing this acronym phoen which stands for phantom uh or ftm one uh adam and nia right the the the uh the other kind of like quote-unquote killers or the l1 trait everyone was like oh we're going to rotate into these because these haven't pumped yet well they rotated into it right it worked for a couple of days then the market crashed in two weeks all of these things are

down to 50 percent so you lost half your money if you bought at around the time that these people were kind of like shilling this stuff to you so and they probably sold right because they know what they're doing um well not all of them but like a lot of them do so just as an example there i i just i get so frustrated when i see this because i know people are getting hurt i know people are kind of losing money here i think that as always being a longer term investor investing in things you actually believe unless you're a trader if you're a trader you can do what you want but if you're an investor you shouldn't be following what traders are doing because if you're planning to invest in something and hold it for the long term by listening to a trader

you're you're you're diametrically opposed a trader's position is dictated by days weeks and sometimes months a long-term investor's position is usually dictated by years so you're literally playing a different game so i just wanted to kind of like get give a bit of um heads up there for you guys because i've seen people kind of like just ah it's just been a mess lately i've seen if people kind of like really lose some money jumping into this sort of stuff so i just figured i'd bring that up but anyway i'm gonna leave it there for today so thank you everyone for listening and watching be sure to subscribe to the channel if you haven't yet give the video a thumbs up subscribe to the newsletter join the discord channel and i'll catch you all tomorrow thanks everyone