ETH ETF update, Ultra sound blobs and more - The Daily Gwei Refuel #783 - Ethereum Updates

Transcript

hello everyone welcome to another episode of delway refuel where cup latest news in the Eos system I'm your host and this is the 17th of June 2024 right everyone let's get into it so some fresh ETF news over the weekend here um I don't know if I'd call it fresh news more like fresh speculation actually so Eric buunis one of the Bloomberg guys that has been following the uh BTC and E ETFs for quite a while now says that he's expecting the s1s or s-1s to be approved by July 2nd now of course this is just speculation on his behalf it is not a concrete date it's not like it was with the 19 B4 approvals where there was a set date that they had to be decided on the s1's are are different here so we don't actually have a date and as you

guys know and I've speculated before that I think it would happen early July more specifically around July 8th but again that is just a guess uh you know it's an I guess like an educated and informed guess based on the facts available at the you know at the time that I made those those guesses there but yeah it's nothing concrete now of course this can happen ier too I mean there are some people that think that if the you know what we see this week if the s1's kind of uh have little feedback and little back and forth between the and the issuers it means we could see these things start trading as early as as next week so you know a full week before I guess um July 2nd here or you know full two weeks before July 8th as I speculated now I would love to be wrong

on this you know at this point in time I just want these things to go live it's kind of annoying that we've had this lag here and there's been a lot of speculation around what it's going to look like when it does go live compared to the BTC ETFs but I think I've mentioned this on the refill before the circumstances with where the you know between the BTC atfs and the eth atfs are so completely different there are too many different variables that you can't really draw too many comparisons between the two I think you know just some of the variables off thought my head is that the BTC ETFs you know I think the market knew at least 3 months in advance that there was a high chance that those were going to get approved whereas the E ETFs the market assumed you know uh I think in the two to three

months leading up to May 23rd that the eth ETFs were going to get denied so that alone is a huge substantial difference uh to to to the BTC ETF with the eth one um and then when it comes to flows with the BTC ETFs you know was the first crypto asset ETF it' been like 10 years of pent up demand because there were people trying to get BTC ETS for 10 years and at the time the market was raging you know by Jan 10th the the whole Market was raging up you know Meme coins were going nuts uh BTC was going nuts obviously it did sell off after that but then continue up but now we're in kind of like a crab you know sideways kind of thing it hasn't been just up only so the ETFs are launching it into a different environment here as well so

I'm curious to see what the flows look like I'm bullish that the flows are going to be nice they're not going to be as much as the BTC ones like I'm definitely not you know in my have my head in the clouds with the you know sniffing opium thinking that it's going to be like that no not at all but I'm curious to see what it is actually like and again like as I've said before the ETF stuff is a passive long-term vehicle you know you can't just like look at the first week worth of flows and judge the E ETF based on that I don't think that's uh that's the right way to do it at all um but those are like the two main things that I can think of amongst all the other variables that are different between the two so I don't think

comparing the two actually makes much sense here but you know we'll see what happens like we're very close now guys I mean even if it launches on July 8th the L the you know the latest prediction that I've I've seen so far it's only like 3 weeks away right we just over 3 weeks away so so we're quite close here but it is annoying that with the BTC ETFs they were trading you know a couple days after I think they got approved or something like that or within a day of them getting approved whereas with the E ETFs by the time they go live they go live on July 2nd it'll have been five weeks uh since they got approved which is kind of annoying five six almost six weeks which is kind of annoying that we've had to wait that long but at the

same time it's okay because the market has been basically sideways the entire time anyway I mean I know eth had that initial kind of pump up to 4K from 3K due to the ETF surprise approval there but other than that yeah the market has generally been sideways with most of the market actually trending down and going to its lowest prices before I guess uh the runup that we had over the last 6 to n months so to speak which is actually quite healthy I think as I've talked about a lot on the refi before I just didn't see any net new money coming in uh and that means that the prices weren't sustainable just crypto natives you know trading with each other like there's no net new money coming into anything but BTC you know what do you think's going to happen that's that's the way I look at things here but yeah

as I said in my tweet here study July 2nd if it gets approved before them then or you know I think that's good I I want to be wrong about July 8th even if it's just July 2nd I'm I'm happy with that I want to be wrong about July 8th there but I mean the Bloomberg guys besides the E ETFs they've been very good I think around this stuff I know that like I've given them a bit of before for some comments that they've made specifically Eric made made his Small Potatoes comment about eth and obviously uh they've they were quite bearish on the E ETFs being approved and then all of a sudden they switched uh and then they were saying that basically it was du to political winds changing when now we kind of know that it wasn't due to that at all it was due to the fact the

facts and circumstances as I described them and many others described them as well it wasn't just me of course um but generally they've been okay with this sort of stuff it's their world you know they they they they plugged into it they've got sources they've got the information there available to them so I think that you know Eric saying July 2nd here uh should should be accurate I mean if it happens before or after that doesn't really matter but we'll see we'll see what happens there but anyway enough on that uh you know I I basically just turned a little bit of news into 5 minutes of of content there but hey that's that's my job but anyway moving on from that so the blob Market is now in ultrasound territory so what do I mean by this well basically we're now at the target for blobs so you can see here

that I discussed this the other day but we're basically over Target for blob usage right now so the target is three blobs per block we're over that right now and we're up to around 3.7 based on the 2-hour moving average now I believe this is due to the ZK sink airdrop because everyone's claiming that right now which means that ZK you can see here ZK sync blobs are uh you know bigger you can actually see this on the chart so that's why blobs have gone into I guess like blob gas price Discovery uh so we'll see if that sustains itself but really the general Trend as I've described uh I think the other day on the refuel has been up for like 5 weeks now with blobs and the reason why I call it ultrasound blobs is because if you go to the ultrasound money website and you

look at the um the the blob section here you can see that we're now burning e due to blobs because underneath the target blobs are free essentially there's no fee Market kicking in blobs are basically free here whereas if you're over the target of three blobs per block the fee Market kicks in and now you're starting to to burn eth now the as I said like we don't know how sustainable this is going to be because it's due to the ZK sync air drop and this is only based on like the last few hours but at the same time the trend is up guys like as I showed like for the last 5 weeks but regardless of what's been happening the trend has been up and it's actually probably been longer than 5 weeks it's it's probably been like you know six seven weeks actually if you if

you take it from the lows here 6 seven8 weeks from the lows here and as I've said before we can expect this to keep going up because you can see here in this chart the blob's posted over the last 3 months this pink here that's Tao that didn't exist before I guess like May 25th before that they weren't even in it so they come online and now all of a sudden they're using blobs and they're basically uh making making the I guess like blob usage go up which eventually gets to the Target and makes flip fees go up and then as you can see in this other chart up here ZK sync's blobs are heavier right now because there's a lot more activity happening on ZK sync um and that's being posted down to L1 so as we get more of the l2s that come online

or more of the rollups that use blobs come online and as we get uh more usage on these things that's just going to keep scaling up and up and up and we're going to be permanently above Target this is the same thing that happens with L1 where we're basically permanently you know above uh you know having the fee market so you know it's not free transactions on layer one or near free transactions we're permanently in a in a you know in a in a fee Market or a relatively High fee environment there because we have so many uh users on the Chain like right now it's relatively low it's at like five gay uh but that is actually uh you know I think like 20 30% of that is definitely due to blobs you know going online in March but outside of that you know as the market heats up

and as things heat up on L1 again the L1 fees will go up just like the blobs go up so it doesn't matter like how you know that the fact that we scaled it's going to get filled up and then we're going to keep scaling from there as I've described before we can increase the size and count of blobs and we got things like pias coming down the pipeline here uh but it's great to see that the you know the thesis is just playing out guys the usage is there like we're seeing this play out this is not a pipe trim anymore this is not something we're just talking about this is not me ranting about this on the refill this is real and it's it's uh it's real users doing real things on these chains which is really great to see so you can go

check out Hill Doby's blob Das board to check this out for yourself but that is basically the reason why um we're in ultrasound territory on blobs right now the ZK sync air drop stuff but again like we are very close to Target regardless of that like on just any given normal day at this point which is great to see and and there are going to be more rollups coming online in the future like don't think that um this is it there's definitely not it there's going to be so many more coming online and there's going to be like l3s coming online on top of those l2s or top of those rollups which basically means that more and more usage is going to flow down to those rollups will settle down on them and then they'll settle down to L1 so yeah I mean if if anything like

I'm I'm so bullish on usage of rollups going up that I don't have any doubts that we're going to be above Target territory permanently quite soon but then as I said we can you know if it's a critical thing we can actually just do a hard Fork where we raise the uh oh sorry where we where we alter the count and size of blobs in order to give scalability like if we had to for some reason if blobs went up absolutely nuts and L2 Fe started skyrocketing we could do that but the general trend is we might do it at every hard fork and then we've got pias coming hopefully in the next Fork which is as you guys know q1 of next year so it's a cat and mouse game but we're a pretty good cat at this point we know what to do we know how to

upgrade the cat we put some turbos on the cat right uh we know put some rockets on the cat uh and then it can catch the mouse faster and faster but hey the mouse gets faster too as uh as we're chasing that scalability increase um as time goes on on there but anyway you can go check out this blob dashboard for yourself I'll link it in the YouTube description below for you to do so all right speaking of rollups the roll up. WTF website that I showed on the refuel about maybe a couple of weeks ago I think um I spoke about this the other day but it was updated with essentially um a bunch of different metrics here showing which da layer each uh rollup is using or each L2 and L3 are using uh where what what they're settling to uh their gas usage per second the T PS so

on and so forth as I said I did show this the other day so I don't want to go into the same stuff I I talked about the other day but one thing I didn't talk about the other day was the fact that this isn't just L2 this is l3s as well so you can actually see here when it says settlement where these chains are settling to so right now one of the most used l3s is proof of play which is I believe a gaming L3 on top of the arbitrum or using the arbitrum Nitro stack here so this is not using blobs for data it's using any trust which is an offchain da solution made by arbitrum and and it is settling to arbitrum so it's settling to arbitrum which then settles down to ethereum that's why it's an L3 right because it's sitting at the

top here settles down to an L2 and then settles down to the L1 ethereum the same with things like d gen chain that I've SP spoken about before and a bunch of others here so it's really cool to see this in real time basically that not not only do we get to see the da that these things are using but also what they're settling to and also uh the stack that they're using too like you look at this list here and as I've said uh before you may look at this and be like oh okay like how many l2s do we need when in reality the way I'm looking at it these days is that we're we're just like a bunch of super chains like you cons you could consider all of the arbitrum Nitro chains to be part of the same super chain all the op stack chains to be part

of the same super chain they're not by default they they you know they can choose to join or not join but the incentive is there to join the the super chain basically so essentially most of these things are part of the same ecosystem and then you can scroll down to the standal loans like you know polygon ZK M uh scroll which is just using Scrolls infrastructure and same with Tao here uh which is depending on the kind of like the way you look at it uh is is its own kind of I guess I wouldn't call it a super chain but its own L2 ecosystem which is critically important here and then some people gave me some feedback on looking at the TPS and saying that megag gas per second or kilobytes per second is probably a better uh a better way to kind of um

measure these things and look I've argued this before I've argued that TPS is generally flawed as well but I think when you're looking at the megag per second or kilobytes per second you have to adjust that for where the data is being settled on because these things are limited by their data layers so for example something like proof of play that's using any trust da and not blobs can do and process more data per second because any trust allows you to do that whereas blobs are very limited as you guys know as I was just explaining blobs are three blobs per block I don't know what the size is right now for it but it is quite limited right in terms of the the Kil the kilobytes per second throughput here the data throughput here uh and and same

with something like you know Celestia it's more than than blobs so I think that you have to basically normalize these things and it's quite difficult to do because of the fact that they use different DA they have different um Tex Stacks that they're using as well which can lend itself to different ways of of looking at it uh and TPS you know even megag gas per second or kilobytes per second it's not going to give you the most accurate uh I guess statti here but at the same time it will give you a kind of nice picture it will give you a general picture of what's going on you could say that okay well bass is one of the most used chains and ohy okay it's doing 36 TPS right now that makes sense same with arbitrum one you know bass and arbitrum one are the two most used

rollups right now on ethereum proof of plays most used L3 Blast coming in third here as one of the most used rollups using blobs so when you look at it from that perspective uh you can get a general idea but at the same time if you want to compare usage just based on these raw numbers it's not going to do go well for you because of the fact that of the the things I outlined before has there different ways of of measuring all of this but is this actually relevant in the end like for anything other than us nerds probably not because all that's relevant for the end user is that they're getting a fast and cheap experience on chain that's literally all that matters guys that is a North star fast transactions and cheap transactions and as I've said before fast is like one

to two seconds anything longer than two seconds not not not a go and cheap it doesn't have to be like basically free like yeah okay that would be ideal but there's this kind of goldilock zone for fees where too cheap and you get too much spam too expensive and you obviously bleed users and you price out users so there is really this goldilock Zone and I think it actually is around 1 cent that's that's the kind of the gold lock Zone that I imagine especially for things that or or for kind of uh I guess like uh for for everyday users when it comes to bots it's a different story but for everyday users like how many transactions are you doing per day even if you're doing like 100 transactions per day at one cent per transaction that's only a dollar a day and O

obviously depending on where you are in the world that's going to mean a lot more to you than otherwise if you're in a first world country a dollar a day is not going to be that much to you but if you're in a third world country of course dollar a day is heaps to you um so I think that like it's there's a goldilock Zone there I think it's around 1 cent and I don't expect the majority of users to be doing 100 transactions per day like you don't even do that in the normal Financial system right um and there's no reason to like if you're making for example if you're paying for something are you doing a 100 payments per day no probably not unless you like a massive Shopper or something like that like a regular person's day is doing a few payment transactions per day maybe

you do some banking related stuff maybe you you know swap some tokens around whatever but like I I highly doubt any anyone besides you know Mega Power users is going to be doing that much transactions per day so I think it's going to be interesting to see where we land on that in that goldilock zone it's going to be interesting to see uh what the you you know how cheap things get because not every chain is created equal but as I said you make it too cheap and then you just suffer from spam and then the Bots come and the Bots will fill up everything I mean meev generally plays a huge part in this as well but that's the way I generally look at at it there and I'm not saying that we shouldn't aim for cheaper than 1 cent per transaction or something like that and I'm not saying

that my I guess assumption here that that's the best price to be at for the goldilock zone is correct um but there's also other ways to handle this as well where the apps will pay the fee so if the fee is one cent and the app is paying it then uh won't even matter to the end user because it'll basically be free if it's baked into their order and things like that so yeah it's when it comes to fees you can go in so many different directions and there's so many different opinions on it and there's so many assumptions that you have to make at the end of the day I think that the only truth that we have is what people are willing to pay to use the chains and over the long term especially not the short-term because obviously during you know short-term really bullish Manas

people were willing to pay a lot to get their transactions on chain but I'm talking about this kind of the sustainable thing here and when it comes to l2s I mean most of the time if I go to gas fees. you can actually see the l2s that are using blobs for data um they're they're very cheap right now like uh for example bass is less than a cent for a Unis swop trade right now arbitrum is also less than a cent um that will go up as uh as obviously the um the blob fee Market goes up and I believe this is this is uh looking in the past 24 hours so this probably hasn't been adjusted yet but in the normal case yeah it's under a scent already here uh and I don't hear anyone one complaining about that at all uh and of course as I said it depends on what

that money means to you depends on where you are in the world but that seems to be where things are right now but anyway you can go check out the roll up. WTF website for yourself to check out all the new things uh going on here all right so just wanted to quickly shout out super fizz's GitHub repository or read me I should say here uh with which basically has a list of different ethereum dashboards that you should be paying attention to you should be looking at to track a bunch of different things now here super Fe has uh basically um put these into different categories here you can see that there are staking dashboards there are Layer Two dashboards ones that track blobs meev so on and so forth so if you're interested in keeping up with all the metrics related to that sort of stuff

you should definitely go check out this from Super feiz I think I've highlighted this before but he has updated it so there are a bunch of new dashboards in there and then you can also uh submit a pull request if you would like to get a dashboard included that's not on here yet if you think it's relevant so definitely go do that but once again if huge kudos to T fiz for maintaining this and originally putting it together it's a great resource I use it quite often um but I saw him tweet about it again today so I just wanted to share it again on the refuel here all right so to round out today's episode I came across this great tweet from L Cen where he basically listed out a few of the most unique applications that he's seen so far on bass now I

believe I've talked about pretty much all of these except one of them before on the refu but I did want to go through them again because I think that as an ecosystem we don't put enough focus on apps right we put a lot of focus on infrastructure put a lot of focus on speculation but when it comes to the actual apps themselves we tend to not focus too much on them because maybe they're not as exciting as infrastructure and they're not as exciting if they're not a speculative app right or maybe that it's just not something that people uh you know care to talk about for whatever reason so I do want to cover the ones that Lohan talked about today and the first one is a demo I think that's how you say it or or Doo It's probably Doo because it's it's I think it's maybe a play on on D

the uh the make a d stable coin there but essentially this is like a crypto venmo payments Rail and it's backed by a fair few big names you can see in their seed round they're backed by people like vitalik Justin Drake and a bunch of other core devs here bunch of good Founders and people in the ethereum ecosystem so yeah I mean I think from what I've seen and who I've talked to about them they're a legit team they've been around for a while but they're basically trying to make the simplest payments uh protocol that they can uh and they're using bass to do that and using usdc to do that and sorry I shouldn't call it a protocol from what I understand it is an app that you can use here and it's just very very simple so definitely go check that out if you're

interested in crypto payments uh then there's ZK P2P which I have highlighted before this is being built by some of my old team members from Set uh and basically this is a trustless uh onramp and off-ramp to to crypto or or from crypto uh using ZK technology uh I as I said I've highlighted this before essentially how it works is that you can use uh I believe um fmo or other kind of payment gateways that that they support here such as revolute in order to onboard into crypto without having to go through a kyc or anything like that it's it's fully done using ZK proofs it is a really cool flow and it's done relatively quickly it's in Alpha right now and you can try it for yourself at

zkp top. XYZ it is limited to a small amount of dollars or Euros I don't know what the exact amount is but it's it's a few hundred or few hundred I think um per transaction there and that's not limited by what ZK P2P can do it's limited by the fat on ramp uh like venmo and and revolute and stuff like that um and because as the name suggests it's peterp it matches you with people that are either wanting to you know sell eth for usdc for example or buy eth for U uh for usdc uh and vice versa from there next up on little coen's list is black bird which is a restaurant loyalty app now this is the one that I don't think I've talked about on the refi before and I haven't actually used myself but we

all know about loyalty apps generally well this one is built on crypto rails it's built on bass um from my understanding here and you can go check this out for yourself I'll link it in the usual description below but it's basically an app on on the App Store here yeah it's it's on the App Store you can see it on my screen um and uh you can download it and get basically membership points and I believe they I believe they have a token associated with it I'm not sure if that's the way they name the points yeah as I said like I only came across this really today uh and I haven't really checked this out yet but I I I think I will but I don't know if they support Australia I think they maybe only support the us or something like that I'm not sure I'll

have to check it out I don't want to give out false information here but you can go check that out for yourself as well and then last up here of course we have farcaster which I don't think I need to go into farcaster has been a staple in the ethereum ecosystem for quite a while now it has been a staple in the base ecosystem for a while uh and it has kept growing I mean I know I haven't had farcaster tabs up as much recently but I had a couple up today it's been quite difficult for me to use both Twitter and forecaster to be honest uh because of the fact that I am trying to limit my Twitter usage and trying to limit my social media usage in general uh and and that means that that farcaster are sometimes taking a backseat there uh and it is generally

hard to use two of very similar social medias I know that farcaster obviously has its own uh its own kind of um uh way of doing things its own way of doing social media its own way of of like doing things like with um different front ends you know you've got warcast you got hey and you got a few others out there compared to Twitter and you know Twitter seems to be going in the wrong direction I think and has been since Elon took over I haven't been shy about voicing that opinion recently they made likes private which I thought was just really dumb honestly uh and I I feel like they just do things based on whatever Elon wants to see done based on his personal feelings not what what's based on what's best for Twitter so I'm glad we have farcaster as an alternative

here the thing is the farcaster is still crypto heavy and crypto dominated I'm sure that um Dan Romero and his team the people the original team that built farcast are planning to do things to try and build bring people that aren't in crypto on board onto there but I guess like Twitter dominates everything basically like crypto Twitter these days is actually pretty bad it's it's basically mostly speculation mostly gambling stuff on there mostly just posting on there I'm finding the signal to be very very low on Twitter these days on for for crypto stuff uh whereas farcaster is is uh you know I think like I would say 50/50 there is a bit of noise on there because of the financial incentives but the information on there is pretty cool you know the eth people are definitely more active on there I believe than Twitter um but outside of

crypto Twitter like Twitter generally is very big in a bunch of different areas I mean there's Twitter areas for everything there's crypto Twitter there's politics Twitter right there's um you know Sports Twitter so on and so forth and it's extremely active trfi Twitter um with a lot of engagement on there but there's also a lot of bots so you don't know how much of it is real engagement versus fake so on and so forth there are bots on farcaster too but there is a cost there so it's less and and and you know so on and so forth but generally from what I found especially since since I came back from my break crypto Twitter is just not a very high signal Place anymore I mean I tried to get what I can out of it so I can cover it on the refuel but yeah it's

it's kind of sad to be honest because I've been on Twitter for a very long time now I built my initial following on there made a lot of friends on there but as time has gone on it just keeps spiraling it just keeps going down this like dgen hole which like it's fine you can do de gen stuff you can you know buy whatever assets you want gamble on whatever you want but when it becomes like the only thing that you see when you go on Twitter and then you see the drama around it of influencers doing stupid things and people becoming main characters that shouldn't be main characters and blowing themselves up or making a fool of themselves and it's just so tiring after being in the industry for so long to see the same stuff play out over and over again so I'm personally as I said like trying to

limit my exposure to social media in general especially crypto Twitter because of the fact that it's just a very high noise environment now um and it's not even that like I scroll through and I kind of lose faith in humanity when I read the things or I I get Jaded by it I I'm over that hump now I think where I'm basically like indifferent to it but at the same time I'm I'm doom scrolling on there sometimes and being like why am I even doing this like what's the point there's so many other productive things I could be doing so I'm definitely trying to do that and I highly recommend that as I say guys I've been on Twitter for a very long time it's like crypto Twitter for like over 6 years now and it is it in its worst place it's ever been there is just

barely any signal on there I've been covering Twitter stuff on the refill for a very long time so I think I I have a pretty good I guess like grasp on what it was and what it is today so if you want higher signal stuff I don't know where you're going to get it to be honest because it feels like I actually saw a tweet today um I don't I don't remember who tweeted it but they basically said that it feels like we're in a mini Dark Ages right now where essentially all of the smart conversations and all of the intelligent conversations around crypto have basically retreated into private discords private telegram groups you know DMs instead of being done in the public environment and it's like in many Dark Ages where that knowledge is not being shared widely anymore it's basically being kept tight knit because

if you want to do anything and want to share anything widely you get made fun of I mean perfect example of this and maybe not so much in the knowledge kind of part of things but more so in the culture side of things is that recently um and I think a couple of weeks ago vitalik was calling out the Celeb coins and calling out the grifters basically saying this is just a pure grift it's pure scammy it's really detrimental to the ecosystem let's do better right let's do better let's maybe donate some of the proceeds to charity let's be regenerative about it and he was made fun of for that basically and he was I mean he wasn't canceled for it but people gave him for it then recently you had Kobe saying the same thing you guys know who Kobe is a very a very famous on on Twitter did

the up only podcast I mean I'm sure everyone's aware of who Kobe is here um and has that Echo platform that he's doing as well um but he said I mean basically the same stuff uh and then everyone's praising him for it saying oh my God thank you for calling this out finally you're out Guiding Light so on and so forth and I'm just like what the like two weeks ago vitalic was saying this two things three weeks ago he was saying the exact same stuff and you canceled him for it well not canceled him for it but you gave him so much for it and you made fun of him for it but then when Kobe says it it's suddenly fine so there's like this cultural kind of thing here where certain people will say something and they'll get made fun of and and and you

know people will say that they're just an eth maxi or they just don't they just care about their bags or so on and so forth and then other people will say the exact same things and because people maybe don't don't associate with those people with any sort of ecosystem or being a maxi or for whatever reason they'll take that more seriously and obviously this isn't isn't just unique to crypto but that's the kind of culture that's now being bred here where you can't really call anything out you guys know that I'm big on calling stuff out but I don't do it on Twitter I do it in the Discord channel in the dead Discord Channel I do it on here you know I've I've called out so many of these grifters uh and these scammers plenty of times in the past but I learned not to

do it on Twitter because I learned that people would just attack me for it and I don't want to be attacked over it like I don't want deal with that I'd rather just you know say it to you guys who are listening to my podcast say it in the deadly way Discord Channel and that's it you guys you guys learn from that you guys can avoid that if you want um and yeah I'm hope I'm hoping some of the stuff that I've called out over the years have helped you avoid getting blown up uh and so on and so forth but anyway I just realized I've ranted for a very long time about all of that but that's actually been on my mind for a while and I'm glad that I got that out of my system because I hope it resonates with you guys but the t is that Twitter

these days is very low signal very very it's the lowest signal it's ever been so I wouldn't be consuming it too much and I wouldn't be trying to get good information about ethereum from it uh from Twitter you can obviously keep paying attention to the Daily gay because I'll give you guys the best information I can about ethereum bankless does a bang up job of things you have Christine Kim as well with her infinite jungle podcast focuses on a lot of the eth C Dev stuff she also does written reports as well you guys know her I've covered her a bunch of times on here and there are a bunch of other podcasts and and things you can pay attention to newsletters you don't need crypto Twitter honestly I don't think you actually need it anymore to be honest unless you enjoy following the drama you enjoy following the DJ stuff

like that's fine use it for that but if you're looking for high signal ethereum related stuff it's not the best place anymore I don't think guys but anyway on that note that's going to be it for today so thank you everyone for listening and watching be sure to subscribe to the channel if you haven't yet give a a thumbs up subscribe to newsletter join the Disco Channel and I'll catch you all tomorrow thanks everyone