Big Geth update, Two Tiered staking and more - The Daily Gwei Refuel #655 - Ethereum Updates

Transcript

hello everyone welcome to another episode of The Daily refuel where we cut the latest news in ethereum ecosystem I'm your host and this is the 12th of September 2023. all right everyone let's get into it so a big announcement out of the go ethereum team today so they've said here it's been six years in the making but Geth version 1.13.0 with proper State pruning is finally released now of course there is an accompanying blog post here that you can go give a read to see what all this is about but essentially what this is about is making the blockchain uh smaller so if you're running a full node basically if you want to prune a Geth full node um on the non-version 1.13 versions you would have to stop the uh the chain basically you would have to

stop your full node do the pruning at pruning and then come back online at least that's my understanding of it now with this new uh with this new version you no longer have to do that and it just does uh pruning in real time now I believe this is a feature that never mind has had for a little while and obviously uh you know go ethereum or Geth has the guest team has been working on this for a little while now to get it to this to this state but also it's not just about that it's about the fact that all the work they've put into it is detailed here and how much work it actually took for them to so essentially get it to this spot and you can actually see a timeline of events on the blog post as well it's just a huge

undertaking considering that you know the Geth client has been around for a very long time now it's basically been around since day one of ethereum uh and there's a lot of technical debt there obviously because of that and it is a slow-moving Beast that definitely get being the majority of the execution layer they definitely don't want to move fast on it right they don't want to release things that could potentially break the network or could potentially lead to to bugs um in their client so obviously a lot of testing a lot of slow movement here uh and definitely it seems to have paid off now with their newest release yeah so I don't know if I'd encourage people to rush to update just yet as I said like it is a new kind of release it is a big release if you're running Geth right now and you don't

want to be a you know you don't want to be on the latest version just because as you you may not believe that it's stable yet or anything like that you don't have to upgrade uh your older version will work just fine but of course with the dencoon upgrade coming soon uh there will be updates to these clients in order to up the uh to uh um to enable the Dan upgrade so you're probably going to get bumped up to this version anyway but in saying all of that like I I mean I don't want to jinx it or anything like that but um there's been extensive testing done on this over time and if anything was to go wrong I'm sure that they would fix it pretty much immediately um but uh yeah you can go check this out for yourself this blog post with the

full technical details about what they've actually done here over the last few years and just congrats to the guest team on a major release uh yeah but this is also a good opportunity to let you guys know that uh you should definitely change probably change off Geth if you were running Geth uh because it's still the majority client but you know in saying that it's kind of a a catch-22 right where it's like okay get is the majority client because it is the the safest the the that you know I've been around for the longest it's the most reliable people trust that people know how to kind of use it people are used to it but at the same time it's the majority of well it's kind of hard to tell but it is the maybe not the majority at this state or I guess

depending on which way you look at it but it is a large part of the network and obviously get being so large if there was a critical bug in net uh that caused guests to go offline for whatever reason it would uh cause the the beacon chain to to suffer from from that it'll cause ethereum to suffer from that generally so obviously client diversity is critically important here but if you're already running Geth and you're like a solo sticker look if I'm being honest I think that when it comes to things like client diversity you as a solo Staker you're not really going to make a dent right like yes you should be running things that aren't Geth and I'm not saying that that uh that you shouldn't do that but I guess like from the perspective of how big of a deal is it if you run Geth versus another client

as a as a solo sticker um probably not that big because you know there where estimates put out there that solo stakers including rocketball node operators made up what seven percent of the network uh so it's still obvious obviously a nice chunk then and critically important but let's just say that all that seven percent was running Geth and then for example uh coinbase was running 100 Geth and then they changed from Geth to something else uh coinbase has 10 of the market share right so them changing uh from Death to something else would do more for the network um then then you know this all all the solo stakers including the rocker pull nerd operate is changing in saying that that shouldn't be uh there shouldn't be some uh me they shouldn't be taken as me

saying people should rest on their Laurels and not change if you're running Geth and uh you you know you might be looking at another client uh you can go with nevermind I think the order of kind of like recommendations at this stage would be uh in terms of running it in terms of the most reliability get the Netherlands are pretty much neck and neck for me then I would go Basu then Aragon then wrath wrath is still Alpha client software I wouldn't wouldn't even run get a retina in a production environment especially not if you're connecting validators to it just because it's so early but gethal never mind is is fine preferably never mind obviously for client diversity reasons but as I said as a solo Staker it is not a critical thing in my mind I think it is uh is definitely a high priority thing

but it's not a critical thing for this for the average solo sticker but if you do know the biggest stakers out there and you're involved with them and know their team members and you know that they're running Geth encourage them to switch you know client diversity is obviously critically important and we want to get the big staking providers and the big staking pools to ensure that they switch over from from Geth here but anyway you can read the full details about this I'll link it in the YouTube description below all right we have the latest ethereum cat herders update talking about all things dencoon uh and and uh I guess like they've said here what they're talking about dencoon uh Dev meetings different eips public goods funding and other community updates you can go give this a read I'll link it in the YouTube description below nothing new on The Dan

front I think I've discussed pretty much everything that's recent uh on on the dencoon front of things and the next all-core Dev school I believe is September 13th I think from memory which is tomorrow I guess it was actually uh that the date was given in this post here but I've lost it now but yeah I think it's it's it's it's obviously this week sometime just don't know the exact date there I think that's where we're going to get a decision on whether that's churn limit AIP will be included um and then we may get some talk around when we're going to start forking the test Nets as I mentioned yesterday but other than that there's not really much to report on when it comes to dencoon right now uh but ethereum Caterers also went over a bunch of things that people are doing in the public goods funding

space such as ens octant which is um got the Golem Foundation kind of spin out that has a lot of the Golem foundations eth being staked and people can kind of vote on where the rewards from that staked eth go like what public goods they go to they did a recap of Bitcoin grants around 18 and a bunch of other community updates here as well so you can go check this out for yourself we'll link it in the YouTube description below all right Mike new day is out with a fresh uh I guess like not eth research post but a fresh kind of like little post here today uh with ideas around something called two-tiered staking which is a proposal from Dan crad presenting a hypothetical hypothetical native liquid staking token design so you can go give this a read I'll link it

in the YouTube description below but essentially I guess this has been a topic of discussion especially over the last few months about ethereum basically enshrining an LST into its protocol so essentially having like let's call it for example and that would be the only LST um and then everyone would have access to that same Alice T so it would be an enshrined one you wouldn't have like St Ethan R wreath and CB Ethan whatever you would just have eth but I was having a discussion with someone in the daily Discord Channel about this I don't think the the the issues that we see with the staking ecosystem arise from there being different lsts I think the issues arise from just just different incentives and

and different kind of like node centralization points so for example um if we had eth uh and there was no other Alice T's there was no competition for lsts and 08 was was equal like every single A8 was was it was equal there was no kind of like special privileges depending on the Node operator I actually think that would be a more centralizing Force because what would happen is that everyone would just go with uh the I guess like provider that is most competitive on fees and the provider that's reducing the token rewards right because if you look at it at the current staking ecosystem today you have uh in terms of like the top stakers you have Lido the centralized exchanges uh rocker pool and then a kind of long tail there of other lsts and other entities there but if everyone was

on eth there would be no lighter right there would be no rocker pool what you would have is that you'd have centralized exchanges and then no centralized exchanges would be able to offer the most seamless staking experience right and they would have access to the same ee as everyone else so what so they wouldn't be competing on out on the LST anymore they'd be competing on uh a fees yield obviously but that's impacted by fees as well and also they could just juice their token reward sorry juice their rewards by in some way maybe they set their fees to zero for a little while or maybe another project comes along and says well I'm just going to do kind of like token incentives on top of this so at the end of the day I don't think that having many lsts is the issue here and I don't

think an enshrined LST would actually fix that um uh I think you know we need to fix obviously just the different points of node operator centralization and the biggest point of node operator centralization is the capital requirement barrier to entry because most people will never have 32 8th in order to become a full solo Staker um many people won't have eight East and a little bit of RPL that's um required for Rocket pool right now to become a nerd operator but they can buy our wreath right to still get exposure to each staking same with with Lido for example they can buy stf or they can stick with Lido centralized exchange you can buy CB 8th or you can mint CBE obviously you can you can mint um you know any of these lsts uh depending on

how you uh how you stake with them here you don't have to just buy it on secondary markets um but yeah most people will just never have the capital requirements unless they're lowered in the future for a solo stake and now I know rocketpool is working on a bunch of different things here in order to lower this but if we're talking pure solo Staker without rocket pool even if the requirement was uh I guess like lowered to one eth that still locks a fair few people out I think because if you if you believe that ether's gonna go to like 10K 20K right it doesn't even matter I've discussed this before on the refuel about how when you think about lowering the eth required amount um you can lower like for I guess like vanilla solo staking you can lower it as much as you want but at the end of the

day eth like as we all believe is going to keep going up so even eth Wing worth 5K what you know it still prices out a lot of people so if you want to make it as maximally decentralized as possible what you need to do is you need to basically allow people to stake with any amount of eat that they have whether it be 0.01 eth or 100 eighth or a thousand eight or whatever it is right and be able to do that in a decentralized and distributed way instead of it centralizing now that was a bit of a tangent there because what Mike has in this post is not I guess like solely focused on kind of like a native liquid staking token designer and Shrine staking it also focuses on other things that could be done such as like delegated staking and doing it in a

trustless way where essentially you delegate the stake and then um you know the the staking node operator can't rug you or anything like that and there are different Technologies to achieve this but this was basically talking about doing it natively within the protocol not doing an extra protocol as we see today obviously there is delegation when you're talking about staking today in like Lido and rocker pool and and other things like coinbase and whatever but this is talking about doing it natively in protocol uh and honestly it's a thought experiment at this stage it's just like uh uh uh thoughts that um I guess like Mike and Dan crowd and a bunch of others have kind of come up with here uh that you can read I'll link it in the YouTube description below but it does open more questions than it answers you can see here are seven open

questions about this and there's still lots to think about I don't think that we're going to get something like this anytime soon I think that what we're going to do is we're probably going to improve the ethereum protocol self for all of the other kind of staking projects that are built on top of it like that forced exit EIP that I've talked about before and those sorts of things I think those things are going to be what comes to the network rather than um uh what you know rather than enshrining an LST or making native Native liquid staking token design in the protocol itself and it really just falls back to ethereum's design philosophy which is really the design philosophy of subtraction which essentially we want to keep the ethereum protocol as lean and as kind of like simple as possible and then push out

everything to the ecosystem so we've done that with layer twos we've done that with um with with staking we're doing it with pretty much like everything really uh when it comes to the design of ethereum as a protocol here but you can go give this post the read I'll link it in the YouTube description below for you to do so all right as I'm sure you're all aware by now vitalik got Sim swapped I think yesterday or the day before uh and there was a bit of misinformation around this I want to clarify some things because vitalik actually clarified it himself today so he did not have um SMS two-factor authentication enabled on his Twitter account um what happened was that when you sign up for Twitter blue you need to provide a mobile number so you sign up provide a mobile number and that mobile number now

gets attached to your account even if you're not using it for two-factor authentication someone can still uh Sim swap you then use your mobile number as a recovery method for your Twitter account and then uh be able to essentially gain access to to your Twitter account so I just wanted to correct that because I saw people saying oh why does vitalik have SMS 2fa enabled he he didn't it wasn't it wasn't that attack vector and that's a good reminder to all of you that if you do have your your mobile attached to your Twitter account I highly recommend removing it because I mean even if you don't consider yourself a Target because maybe you you're not someone well known with me industry I still would recommend removing it because Sim swapping is just so easy it is so easy to do I mean not just because it's a social engineering

Vector but also because think about the people that have the ability to to do a Sim swap right the carriers have people working have low level kind of like support people working that have access to sim swaps and these people are often based offshore where they're not paid very well so what do you think is going to happen when a kind of like threat actor goes to them and basically says hey we'll pay you to do this right um and then the the uh the low level employee can basically say oh it was an accident you know and then and they're probably not going to get fired over that I don't know exactly what the kind of consequences would would be there but that sort of stuff happens guys so you want to protect yourself so I would go you know go into your settings I don't

know exactly where it is in the settings but going through a settings remove your mobile number from Twitter and then just used a authenticator uh like an authenticator app for your uh two-factor authentication never use SMS for really anything that uh anything to factory authentication because of the risk of of sim swap here and you know people have said oh you can just bring up your carrier and tell them not to Port your sim under any circumstance but there is countless examples of that not being adhered adhered to and I think as I said that's a lot to do with the fact that these threat actors they're just gonna bribe the people at the lowest level that still have access to sim swaps just just to do this for them right or they can just even socially engineer them because that happens quite frequently um but yeah and the reason why I'm

talking about this now is because Dan Romero who is the founder of farcar Star said you can't Sim swap an ethereum address and for those of you who don't know when you sign up to firecast you attach it to your ethereum address you sign a message and that is your private key obviously signing that message so unless someone gets access to your to your private key there is no way to obviously Sim swap yeah like obviously someone can get access to a private key uh through a seed phrase leak or anything like that but they can't what they can't do is that they can't get access to your account by swapping it via a third potty right by by I guess like get um swapping your your account access via third party which is pretty cool but obviously there's always the risk about private Keys being

stolen or leaked and that's happened plenty of times because of the the the seed phrase leaks and stuff like that right but I think generally as the wallet ecosystem matures as well private keys are going to be incredibly hard to get your hands on they're going to be very very secure they're going to be stored in things like the secure Enclave on your phone um obviously you can already do it with Hardware wallets more people are going to be using Hardware wallets to store these things and then I think eventually the industry will probably get rid of seed phrases for most things because seed phrases are that kind of really I guess like um uh really kind of uh what's what's the term I'm looking for that like that that kind of honey pot right people like oh I know I can get access to this

account if I just get their seed phrase and you're trying to write your seed phrase down on like a piece of paper and then people will fall for uh websites that say hey put your seed phrase in here and we'll do such and such or whatever or people write their seed phrases online or they save their seed phrases on things like Evernote or any other Cloud kind of um note-taking or they save it in like a cloud provider a cloud storage provider Dropbox or anything like that so this happens so I think the future will be no seed phrases to be honest for people who for like the default um and then people who want it optionally can do it of course but yeah anyway just figured I'd talk a little bit about the vitalik kind of sim swap attempt there and correct a bit of the

misinformation that I saw while also kind of highlighting how far cast the handles this stuff here all right so a bit of an update on chain link ccip today so Shaman here is a hacker who built a Gateway app enabling you to use any evm blockchain while signing transactions on only one so for example here you can sign on polygon uh on Napoleon POS chain sign a transaction on the polygon POS chain pay in Matic uh obviously for the fee and then execute on optimism and they said here a game changer for multi-sig user experience Now One multi-c controls assets across all chains so this is really really cool I think that when you look at the way this kind of works and as I've mentioned

before how how you can basically execute um transactions on one chain uh sorry you can sign transactions in one chain and have it executed on another chain it basically solves a lot of those interoperability issues that people have been talking about when it comes to l2s right and this was done not only with L2 l2s this was also done with this uh basically a side chain because the polygon POS chain is not a a true L2 right it is it is a side chain so and you you're paying gas in Matic not eth and then you're executing the the transaction on optimism here or using the chain link ccip infrastructure so something that I I still think is being slept on to be honest this was done on testing that obviously this is not on mainnet yet from what I know but yeah ccip is definitely being slept on by a

lot of Market participants right now for one reason or another and I've gone through this before I think it's got to do with the fact that I think the frogs uh the Frog army or the link Marines on Twitter kind of ruined chain Link's reputation at least the uh maybe not channeling the team's reputation but like chain Link's kind of like image which is slowly being repaired of course uh but yeah anyway that's just an aside I've talked about that before but very cool to see this hack here you can go check this out I'll link it in the YouTube description below all right so I spoke about espresso systems yesterday and how they're building a shared sequencer network uh in the context of optimism well it seems today that optimism is not the only L2 getting it on the phone off-chain Labs has announced a partnership with

espresso to bring decentralized and open shared sequencing technology to ethereum Roll-Ups now of course off-chan labs are the team behind arbitrine one or the arbitrim ecosystem generally here and you can actually read uh about their partnership PR but it's very similar to I guess like espresso working with optimism right where they're trying to build a shared sequencer Network so that all the different Roll-Ups can communicate with each other can interoperate with each other and and essentially have I guess like a better uh um fee system as well and better feed capture for the and better I guess like Mev um resistance too because I've said before Mev is that last boss of of um I guess like when it comes to uh stabilizing blockchains and making sure that people aren't getting taken

advantage of and making sure that um fees aren't just all influenced by Mev because I mentioned yesterday how that Jared from Subway account accounts for so much of the fear revenue on ethereum and that's just an Mev bot that is taking advantage of a lot of their toxic Mev that exists on ethereum layer one and obviously I'm sure they're doing stuff on layer twos as well uh so that's where things like shed sequences come in and and being able to to alleviate some of those issues around transaction ordering I think a chain link is working on a bunch of that stuff as well but yeah it's all working towards a similar goal I think so it's great to see that off-chan Labs has partnered with espresso and I'm very curious to see what this kind of uh looks like when these teams these L2 teams start

decentralizing their sequences and starting and start letting people run whatever sequences they want it's going to be wild to see The Economic Consequences of that and what Mev looks like in that world there all right so I put this tweet out and this was basically um uh uh something that I talked about I think last week or the week before but I I put out this tweet where I said teams based in the US are building on-chain crypto products and services that they themselves are not legally allowed to use uh this is a clown world so it really is a clown World guys I mean the fact that you can be a US citizen or U.S person building Innovative on-chain Financial products and services that you can use to your heart's content in a

testing environment but as soon as you deploy it to production you are no longer allowed to use it legally because of some regulatory uh kind of um uh some some regulations or some kind of like lack of regulatory Clarity uh and to me that's just absolutely ridiculous because when you think about it from their perspective from from the US 10's perspective they're like okay well I'm based in this country I'm paying taxes in this country I'm working in this country I'm I'm uh kind of like uh uh uh increasing the economic activity of this country uh and and bringing uh I guess more people into uh into this into this uh I guess like economy for example but I can't even access the products legally the and

services that I'm building because of some lack of regulatory Clarity or whatever else there is or some some laws and this obviously isn't just limited to products uh like Financial products it's also limited to things like tornado cash for example um I I think uh a couple of the tornado cash developers are US citizens and so for them you know obviously they built this stuff they deployed it uh and now they're arrested for money laundering charges and of course like even if it wasn't for those charges it'd still be illegal for them to use their own product that they have kind of deployed here for in my eyes kind of really weak reasons right and just because there's not regulatory Clarity here and the reason why it tweeted the status because I was reminded recently

um I think it was last year before where the uh Antonio from dydx uh basically said that they're building the uidx as a us-based team and none of them can use that product which is just ridiculous and I wonder how it's handled in the sense that well they can't use the product directly but they still have to maintain the product they still have to make sure that the the product is getting features that they still have to do customer support and all this stuff so really at the end of the day like it just doesn't make any sense it makes things look really weird it makes things look clownish as I said here right clown world and it makes zero sense so I'm hoping that we do get that more kind of regulatory Clarity over over time that helps these us-based teams otherwise what do you think the logical conclusion

is here The Logical conclusion is that these us-based teams are not going to be us-based for very long they're going to move they're going to get out of the US and they're going to have to obviously default block American users as they have been and then America or the US is the one that loses out in the end so I really hope that the politicians in the US and The Regulators can wisen up to this and can wake up to this I know that different Regulators have their own agendas like for example Gary Gensler obviously um he's just a puppet for Elizabeth Warren uh who is part of the wider kind of like upper echelons of the democratic party who have a very negative view of I guess like crypto especially D5 and I don't know what it's going to take to change that I don't know if it's going

to take an image Administration change like if uh for example the Republicans win the presidency next year that will definitely change things like they'll fire Garen Gensler on day one basically um if that happens uh which is I guess kind of okay but at the same time if they just end up putting someone in there that isn't going to afford US any regulatory Clarity isn't going to advance legislation uh then it's kind of moot because then the worst thing that could happen is that the Republicans win right in in in the presidency next year they fire go against like they put someone there they they re-jig the whole kind of apparatus to put Republican aligned people there but then then four years later nothing you know over those four years till the next presidential election nothing gets changed nothing improves nothing happens uh for one

reason or another and then the Democrats win again and then we haven't really moved the needle here so it's not just going to take an Administration change it's going to take that change uh and also for Action uh to be to be to be done on on these fronts and I think that the only way the action is going to be done is if that we continue to educate and Lobby For Better or Worse these politicians in the US and there are a lot of different groups doing this and a lot of it happens in the background so you won't hear about it that often um and also going to court and beating these regulatory bodies in court which obviously isn't for everyone not a lot of teams can afford to go to court especially against behemoths like the SEC but I think we're going to see more

and more teams take up the challenge now that the SEC has lost two major cases the Ripple case and the grayscale case it emboldens these teams to say well I it seems like I've got a really good chance of winning this it will be worth The Upfront kind of cost that I'm going to have to dish out to do this so yeah I think I'm going to be seeing more of that but anyway a moving on from that just wanted to give a quick shout out here to a bank list so I don't usually shout out the the projects that bankless has on because I think it's kind of a conflict of interest a lot of the times for me because uh there a lot of the um projects they have on have tokens and and a lot of the time actually I'm actually invested in that as a angel

investor but this project ethereum attestation service they don't have a token they're a public good and it is one of the coolest non-financial products that we have in ethereum today uh I know the two guys here Bryce and Steve I've been talking to them for quite a while around about it and I've highlighted a theory manifestation service on the refill plenty of times I highly recommend going and giving this episode a a you know watch and listen it is great um and it really showcases the power of ethereum um either non-financial context so I just wanted to give a shout out there for that one you can go check that out we'll link it in the YouTube description below um and also I just want to give a shout out to cryptocurrency jobs as well so I saw this tweet that they basically listed a bunch of teams that are hiring

in crypto right now look at all these teams guys like you'll recognize a lot of them you know chain link grid plus Athena never mind I'm just going through the list here safe chain safe status and hundreds more on the cryptocurrency jobs website so it might be a bear market for prices but it seems like teams are still hiring but maybe not the same clip as they once were in the bull market but it seems it seems like teams are still very much hiring and if you're interested in getting a job in crypto now is probably the best time to do it in a bear Market where there's less competition for these roles uh you probably get more favorable terms in in terms of like a salary and potentially token allocations or equity allocations and things like that so yeah go check that out and definitely keep

your eye on the cryptocurrency jobs website too they're really great I know the owner I've known him for quite a while he's a good friend of mine I'm not getting any Kickbacks for this by the way or it's not a paid ad or anything uh just helping out um helping out a um a service and a friend that I'm a very very big fan of so you can go check that out we'll link it in the YouTube description below all right just to round out today's episode was a poll that I put out today uh this little 15 hours left of this poll but I think we've got most of the results here so I asked people do you still remember what a crypto bull market feels like 47.6 of people said yes 52.4 of people said no now I don't know where you guys

fit in this spectrum I would say personally that I'm beginning to forget what a bull market feels like because it has been so long now uh and I and it actually started today but that's why I put this poll out because I was like wow I I was just sitting here and I was I was kind of like I'm looking at some charts and I was like okay like the price has done nothing for so long right excuse my language but it's done nothing for so long and then I was thinking back to the bull market in 2021 and in 2020 I'm like do I even remember what that feels like do I remember what it feels like to watch the price actually go up for sustained periods of time and it it at least it feels like to me right now that I don't remember that

personally but it seems like half the people still remember what it feels like which I don't know whether whether you want to take this as bullish or bearish maybe it's bearish maybe we need that yes percentage to be down at like 20 30 percent for us to kick start the next bull market I don't know I don't think it really has any bearing on that but it was just like more of a personal thing for me because as I said like I really just today just you know have forgotten what what a bull market feels like which I actually think is kind of bullish because if I the biggest permeable for eighth you could probably I guess like imagine to be honest um is feeling this way I'm sure there are others feeling this way and then maybe they don't want to admit that as well because it I mean

it sucks to admit stuff like that right for a lot of people because if you're publicly really bullish and a permeable it sucks for you to admit that oh I don't remember what a bull market feels like you know I'm feeling really bearish right now I mean I'm not feeling bearish at all to be honest like there's nothing to be bearish about in my mind as I said yesterday when I went over the four year cycle stuff we're still playing out the cycle just fine and when it comes to ethereum's fundamentals never been stronger guys it just keeps getting I don't know how it happens it just keeps getting stronger and stronger over time and I really think that once we end out this year we wash out the rest of the people that are going to get washed out next year is going to be super positive

and I will get to feel what we all will get to feel uh what it feels like to experience a crypto bull market again but of course you know after that we're going to get another bear market and who knows another two years of of what we've just seen over the past two years but such is life in crypto right we go through the pain we go through the shitty times for the good times and trust me guys the good times will come back it's not always going to be bad times I know it may feel like it sometimes but it's not going to be I can I mean I'm not gonna you guys know I don't like guaranteeing anything I don't like saying anything's 100 certainty but when it comes to Market Cycles 99 Market Cycles are always going to play out very similar to how they've always played out

we have hundreds and hundreds of years worth of data on this and fading that I think is is not something smart to do but anyway enough of the market talk I'm gonna end it there for today so thank everyone for listening and watching be sure to subscribe to the channel if you haven't yet give it a thumbs up subscribe to newsletter join the Disco Channel and I'll catch you all tomorrow thanks everyone