ETH supply breakdown, Public goods chat and more - The Daily Gwei Refuel #696 - Ethereum Updates

Transcript

hello everyone welcome to another episode of the delway refuel where cup the latest news new the ecosystem I'm your host Ando the 30th of November 2023 all right everyone let's get into it so kicking off today's episode we have a handy little guide here from Samson who is a uh very I guess like Infamous person within the ethereum and crypto ecosystems he's a security researcher um but his post today is all about how to secure your Twitter account so he shared this uh by captioning it on Twitter with if you're reading this then you have 15 minutes to follow this simple guy and protect you or your protocol's Twitter account from being hacked because it is really hard to get a stolen Twitter account back unless you're literally balic and this has been a common thing I think not just within crypto but within Twitter or I guess like X you know

generally especially since Elon took over where their support staff seem to be a skeleton crew and if you lose your Twitter account in a hack or anything like that it is really really difficult to get it back um uh unless you're potentially like a big account like if you're a smaller account it's just going to be near impossible to get it back back so how do you prevent this from happening well you follow this handy little guide that Samson has put together all about how to basically secure your account now I'll link the guide in the YouTube description below but basically I guess the biggest thing is to just get rid of your phone number like remove your phone number completely from Twitter and this guy tells you how to do that uh because that is the that is where these kind of like hackers and

scammers usually get people they do a a port of the phone number and if you're using the phone number as two- Factor authentication or as a password recovery mechanism then because they've done like a Sim swap of your phone number they've got access to those codes and then they get access to your Twitter account not to mention anything else that has your phone number attached as tofa I think generally you should remove your phone number as tofa from everything important I mean you can leave it for for some things if you want to but generally for from as much as you can you should just remove it and use a different authentication uh uh kind of method for that like an Oni on device authentication method like Google Authenticator or something like that because using a phone number for tofa as we've seen countless times before is

very bad from a security perspective because it's unfortunately way too easy to to sim swap people and that doesn't seem to be to be something that will be changed anytime soon um because of the fact that uh it doesn't seem like phone carriers or carriers generally care about that sorts of stuff so that's that's kind of like the first thing there but then there are other things like revoking access from unnecessary apps revoking access um or logging out of sessions on Old devices all that sorts of stuff and obviously changing your password things like that but yeah you can check this out I'll link in the YouTube description below for you to do so um and even if you think that you've got like everything sorted just go through this guide at least once just to make sure uh and check all the relevant things on your own Twitter account

because I actually thought that I was um completely secure cuz I don't use SMS TOA for basically anything but I went on Twitter after valalik got got hacked right uh or got got kind of exploited there and I saw that my phone number was still being used as a recovery mechanism for my account which means that if if someone wants to sim SWOT me uh at the the time I've since removed it of course but at the time they could have gotten access to my Twitter account through that which is just insane to me that that was there and and just buried there and it's still there even though I had removed it um from the toffa thing um and you know Twitter doesn't have like a security kind of checkup tool I think like I know Google has a security checkup tool that you can use and they

run you through all the different things so yeah Samsung created this guide in order to basically act as that tool so you can check this out I'll link it in the YouTube description below for you to do so all right so ewave has created a second version of his breakdown of the ethereum supply now or the eth token Supply I should say now I mentioned last time when I showed his V1 uh chart that it's kind of very very difficult to get an exact kind of breakdown of what the eth supply looks like because of the fact that there is eth in you know wallets like centralized exchanges there's eth in the deposit contract and then they gets split out into different service providers such as liquid staking centralized exchanges so on and so forth um and you can actually see here that eth wve has done a great job of kind of

breaking this down and and trying their best to break it down into into different entities and different parties here so you can see at the top it's got the l2s right it's got all the eth bridge to l2s and which l2s they have bridged to uh and you can see a list of them at the top there then you've got the beacon chain deposit contract which is obviously the contract that eth needs to be sent to in order to be activated on the beacon chain and then that's split out into things like liquid staking centralized exchanges uh unidentified you know staking pool solo stakers etc etc and split out even further from there and they they even go further than that and split out okay well if if ether's gone into Lio has it gone anywhere else after that and you can see here it has it went to ig layer

and it went to blast as well because IG lay obviously people are depositing uh to be part of IG lay once it goes live and to be reaking their St and then with blast as we discussed you know or as I discussed the other day people are just doing it really to farm an airdrop right uh but then yeah I mean it continues on breaking this out in this sanky diagram here and I'll link it in the YouTube description below for you to check out but ewave also has like a V1 of their chart as as a kind of comparison which is which is cool to see so in V1 they still broke these things out uh and you can see here how they've broken them out but it was just less detailed right and there was it was it was kind of um less

lines here and less kind of bre uh less uh less entities that they've broken it out in but as I said it is quite difficult to actually get an accurate picture here because a lot of the time eth is co-mingled uh you know it belongs to this entity but but the thing is that that entity maybe borrowing it from another entity or may have a liability to another entity so technically it's not that entity's e it's this one and and so it it is quite difficult to to obviously get that full that full breakdown there and what I enjoy about this uh this diagram as well and a new addition to to the to the sanki diagram is the total amount of eth burned at the bottom here as you can see they've also split this out into different things like you know how much eth was burned

due to defi activity or an nft activity or L2 activity obviously Define nft activity are the top two you know it's kind of funny because n NS have been quiet on ethereum for quite a while now but because we had such a huge surge of nft activity on ethereum during the bull market it it counts for like a huge amount of uh of eth burnt here um and if you remember I think the the highest ever daily Fair revenue for ethereum was because of an nft drop or mint I can't remember exactly what it was I think it was the board ape um kind of other side Mint or whatever it was it ended up being like close to $100 million in a day with a fe Revenue most of which was burned of course uh and then of course defi is number one here but that's only

natural because even today most of the activity is just defire related right people doing Arbitrage people doing me generally like front running and sandwich attacks you know the toxic meev stuff like that but also people just moving ether around right people just uh speculating on chain all that good stuff there but yeah it's always fun to me to see like just how much activity nfts did on ethereum during their kind of I guess like Peak there and it remains to be seen if it's going to come back um you know I'm bullish nfts as a thing generally but I think I think a lot of the nft activity definitely gets pushed to layer twos which means that it's going to burn less eth because it's not going to be down on layer one but I still think in the bull market we're going to see some crazy stuff going on

but I guess I'm talking about like sustainable eth burn and what what what kind of gets led to from that there but anyway you can check out this sanki diagram from eth wve I hope they continue to to work on this and continue to to kind of like identify different entities here and maybe make a V3 of this this diagram because I think it's quite important to see just how distributed eth is and the eth play is and where it actually sits and kind know what people are doing on chain I mean for anyone paying attention we already kind of we we we know what people are doing on chain right there's a large amount of eth in staking there's a large amount of eth in l2s and on centralized exchanges but beyond that like if you're breaking it down even further than that it's kind of difficult to get a good

picture of it and this I guess diagram acts as a really great picture for that so yeah you can go check that out I'll link it in the YouTube description below as well as eth waves uh little tweet thread here uh with a bit bit more information which I'll also link for you guys all right so rockol has a brand new website today so you can go to rock aol.net and see this new website honestly I love the design of this website it is super cool it reminds me uh a little bit of the ethereum.org website with all the uh all the different kind of um artwork here and just the general overview and design of it and it looks it looks a lot more professional as well while still keeping with the Rocka pool branding you know that the the the kind of painted or

trademark uh orange that Rocka pool is known for but it just looks more professional looks more polished looks like like something that I guess is is is more of a a business rather than like a hobby project cuz obviously rocker pool started off as a startup and I could you could still consider it a startup right but they're quite big these days right and they're trying to be taken seriously as a staking protocol of course and I think they are but the website or the previous website don't I don't have it handy here I don't think reflected that and and I think the new website definitely reflects that and just makes it easier for people to get started with rocker pool staking I mean there's a this launch button in the top right here which basically brings you straight to the Rocka pool dashboard here which is

still the old dashboard by the way uh I'm hoping they will uh will update this as well but essentially you can just immediately stake your eth and receive receive our e here right so just very very very very quickly and that's what we need to to uh I guess like increase Rocka pool's market share because this is the sort of thing that Lio does just making it like obviously super simple um but I think you know getting people to navigate towards that by clicking just the launch button at the top here the top right uh and and making it like it's two or three C to get started staking is the Holy Growl because I mean I talk about user experience a lot on the refu and I talk about how I think that we need to get to the world where it's really two to three clicks to do

anything within crypto for us to reach ma ma Mass Appeal uh but that doesn't just go for for things like um like wallets for example it also goes for websites you know at the end of the day like this is the first thing that people see when they come to your website they see something it's called above the fold so they see this part which is uh you know before they scroll down there's obviously more information if you scroll down but this is what they see every single user every single person that comes to Rocka pool donet this is what you see so if this is the first thing that they see and this is the top of the funnel of of kind of I guess potential customers you need to basically State what you are and then make it easy for them to get involved so obviously

they're stating what they are State your eth earn rewards and help secure ethereum really nice tagline right there and a couple of links for more information like liquid staking and node staking and some nice artwork to to go along with it which I really appreciate and then you have the menu items at the top obviously but then youve got the big launch button the Big Orange launch button which is that call to action it's the way to get people to get started with Rocka pool I think uh I think you know the web 2 world looks a lot like this if you go to a lot of web 2 websites I mean I think this is also why a lot of websites Consolidated because uh Shopify for example the e-commerce website I mean there is so much e-commerce just running on Shopify alone and I I would say that like most of the

sites that I ever go to that are run on Shopify they look pretty much the same and I don't think that's a bad bad thing because once you have consistency you have predictability for for customers where the customer comes and they basically expect it to be like that and then because they expect it to be like that uh it's very easy for them to navigate around it and very easy for you to land that customer same is true for for crypto or anything really I mean if if we can make uh the crypto websites look more like the web 2 counterparts in terms of ease of usability in terms of user experience then we stand a much better uh I guess chance of getting these people or converting these people into quote unquote customers right or or users of the system so yeah just just

figured it was great to to see Rocka pool's new website today and kind of dive into a little bit about why I think that uh it's critically important for uh websites within crypto to look like this uh and to make sure that they're targeting customers in the right way and make sure that they're making it obvious to customers exactly what they are and I think Rocko rockol has nailed it here so you can go check out this new website for yourself I'll link it in the YouTube description below for you to do so all right so gitcoin grants Round 19 has finished and a total of $600,000 or just over $600,000 was donated part of this round over 300,000 donations were made by 44,000 unique donors with a matching pool size of 1.1 million so just great

to see more stuff being funded here you know I think that it's funny because uh while it's great to see more stuff being funded here the more money that goes towards these things and the more attention stuff like gitcoin grants gets and optim retroactive public goods funding gets the more I guess questions start being asked about what is a public good you know or what deserves funding and this is a huge question and it it may seem simple you may say to yourself okay well a public good is something that is basically open- Source it's free uh you know the people that are creating it or or maintaining it haven't gotten like VC funding are independent developers right or independent uh people uh and they're just doing it for the public good but that's so I guess

like binary and it lacks so much nuance and I'll give a few examples here this is actually a broader topic that I wanted to talk about today so I'm going to spend a little bit of time on this and you can skip ahead if you don't want to listen to me talk about public goods again there's time stamps of course but the broader discussion here comes to the fact of okay well if we agree that public goods can also have private funding right so for example if you agree that something is a public good so let's take L2 beat as an example here just because I've actually got an L2 beat tab open so L2 beat has taken private funding before um I mean I participated in one of their funding rounds um as as an angel investor now for me personally I didn't invest in

them as a kind of thing where I was like I invest in this team and then I'm going to make like 100x I'm I'm going to make so much money no for me it was actually a donation I honestly invested in them because I I I think L2 beat is an incredible resource and I think it's critical for L2 beat to exist but some other people will say well because l2b got private funding they shouldn't be eligible for funding from gitcoin Grant so they shouldn't be eligible for funding from the retroactive public goods funding from optimism and I push back on that because I don't think that that should be the case I think that you should be able to as a potentially non-commercial Enterprise get money from wherever you can get money from um especially if you're a non-commercial Enterprise now it remains to be seen if

l2b does you know doesn't later commercialize and start making products that they sell to customers so on and so forth but at the end of the day it should be on the individual to choose which projects they actually want to fund right and which projects they consider uh worthy of their money to donate to and I think that the happy middle ground here may be and it already happens a lot of the time but the happy middle ground is for projects to actually stipulate what funding they've gotten historically whether that's been funding from gitcoin whether that's been private funding whether that's been donations from elsewhere that way the user is fully informed before they make their donation and if they still make their donation then that's on them like we shouldn't be gatekeeping what is a public public good and what isn't now of

course again like it's it's more nuanced than that because you go even further and you say okay well is is there a limit here what if a project comes along and the project has raised $100 million in private funding and they're very obviously a commercial Enterprise and they're very obviously not something that would be considered a public good by any definition that you use uh and I'm not going to name names here cuz I don't want to pick on any projects in particular but there are projects like that and then you can kind of say well the same thing applies here here you should have to disclose that on you know if you are on gitcoin or if you are on if you are if you do apply to optimism's retroactive public goods funding that you receive that funding and then from there again it just falls on to to the

person to make the informed decision whether they should be donating to this project or or not right I personally would never donate to a big commercial project that has raised a ton of money that I know is go is a for-profit entity and that I know is not struggling for funds as well um but the thing is I I won't like I I know that for a lot of projects because I pay a lot of attention to projects but for most people they don't know that so for most people they actually need that information provided by the project themselves or provided by someone else to stipulate hey this project is a for-profit Enterprise they've raised a lot of money uh from private investors uh you know and then from there the user can make the decision of okay well this isn't worth donating to this isn't

something that I should donate to I should donate to one of these other projects that are potentially underfunded that are actually you know closer to public goods than than this other project uh and then it just becomes a user Choice thing because I think if we start gatekeeping at the I guess like application Level so not the user Choice level if we start having a council of people who review the applications and then gatekeep based on that rather than gate there is some gatekeeping that goes on because obviously you have to filter for spammy applications or for scams and fraud and uh optimism had to do this recently with the retroactive public goods funding and there were still over 600 projects on there um but still you kind of like have to have to a filter right but if you start filtering for legitimate projects

that are you know have huge private funding then you start gatekeeping right uh and then it starts getting real messy from there you start involving a lot of human governance and you start taking agency away from the user and you've just given all the agency to some Council or some Dow which probably has like only a few engaged people to make these decisions so I think that the happy middle ground or at least like the least worst solution I love using that term because there is no best solution to to to hard problems I think there's always a least solution is to basically allow people if even if they've been privately funded even if they're commercial Enterprises allow those projects to still be on these platforms but require them to disclose their previous funding and and require them to disclose things like Hey we're for

profit entity so that the user can make can make that informed decision to donate to that project or not right so at least that's my general view on things maybe you agree or disagree love to hear your thoughts on it in the daily way Discord channel uh or in the YouTube comments but I think we can all agree that if you've received previous funding whether that's been donations private funding whatever it is you should definitely have to disclose that so that the user knows that you know you're a project that received $10 million in funding maybe you aren't struggling right maybe you're you're doing okay um and then uh go from there and then there's also a whole another side to it which I won't discuss today because I've got a bunch of other things I want to talk about today but there there's a whole another side to it

which is basically the the person the individual take making the decision of okay what deserves my money even though they've gotten a lot of funding because for example the protocol Guild um for those of you who have been paying attention to the grow the P website that's tracking the retroactive public goods funding on uh on optimism I'll actually bring it up here for you guys if you see here protocol Guild is number one and it is it is number one by a little by by quite a margin I mean it's got 29 badge holders that have um have voted for it so far as opposed to Second which is revoke cash at 26 now the reason I bring up protocol Guild is because the protocol Guild has received a lot of funding in the past already it's over I think $12 million has been donated to the protocol Guild uh and you

can see that on chain and then over 500,000 op has also been donated to protocol Guild in the previous two retroactive public goods funding rounds but the thing is is that you have to actually unpack what this project is because the protocol Guild as I'm I'm sure all of you know is not one entity it's not one person the protocol Guild is an entity that distributes funds to over 100 ethereum CT velers and researchers I can't think of anything more public good than that and I can't think of anything more deserving of as much money as we can give it than that I mean I'm not even kidding when I say that we should be giving the protocol Guild billions of dollars because there's no one in ethereum in my mind uh that adds more value to the ethereum ecosystem than the researchers and and

and and developers the co-developers because without them without them building the thing that we all build on that we all use uh we wouldn't be where we are today we we wouldn't have had the mer right we wouldn't have had uh uh um all these upgrades that are coming the road map is not going to get executed on and we're not going ethereum is not going to be a uh a chain that people were going to want to build on it's not going to be something something people have confidence in and then everything else falls apart so I can't think of anything better than than protocol Guild to give money to but then you can look at other projects or look at other things so for example I'm going to use myself as an example here I I mean I I thought about this for a long time but I

ended up applying to retroactive public funding round three here and I'm eligible now to to be eligible for for funding you needed at least 17 uh ballots I mean 18 right now and I'm am number 25 out of the over 600 projects into ranked by by ballot count here now I'm using my cell phone as an example because I've got my my reported funding here right so this is basically the uh the donations that were made to me on gitcoin when I had the daily way gitcoin Grant there but this does not include my individual net worth right this does not include the amount of money I have or the amount of money I expect to get in the future or anything like that for obvious reasons right I don't want to put my netw worth there all docs M my net worth but it doesn't include that

and it's not just me right it's basically all all the individuals on this on this list they're not going to report their net worth so that opens another can of worms of people asking the question of okay well is Anthony Sano you know even though he produces the daily the daily way for free and he does a lot of stuff for free in the ecosystem does he deserve to get rewards from uh you know optimism is retroactive public goods funding does he deserve to get rewards from gitcoin gret and honestly I don't know what I deserve and I don't know how much I deserve and I don't like thinking about it in those terms obviously because I'm biased towards myself as well but but generally as I said like it opens another kind of can of worms there and it opens another subjective thing there so it's very

difficult that's that's kind of the point of my entire reasoning of discussing this with you guys today it's just it's very difficult to know um what to fund and again it just comes back to the individual and I'm humbled that I am in you know the top 25 right now here and I I think I'm the only individual uh in the top 25 uh I think there's uh Rook Mia from esther. JS but I think esther. JS is not maintained just by him I think it's a team and the rest of them are teams right I think it's so in the in the in the top 25 here or in top 30 I mean if I keep scrolling down I think that polya is the next individual and they're number 34 so I'm very humbled to be there um but then you have individuals versus projects because as I

said like projects I mean protocol Guild is 100 plus people uh I don't know what the size of these other teams are but they're more than one person for sure right and it's and and and for a lot of these people it's it's potentially their livelihood as well so and they rely on this funding for their livelihood whereas you know for me I don't rely on this for my livelihood at all like I I could get zero and I'd be fine but then people say well you should be rewarded for your work and then it's like okay well then we come to the big meta discussion of like how do we value people's time and how do we value people's work and then again I think the least worst solution is still just reverting to what the individual believes and what the individual wants to donate and how the individual wants

to allocate resources um and and you know groups can allocate resources as well but I think when it comes to this stuff is very individual based and and that to me is the least worst way to do it I can't think of a better way to do it we can keep iterating on that and we can keep giving more information for people to make more informed decisions but it's a difficult thing to discuss because there's so much subjectivity around it um and it it's not something that can be objectively measured but anyway I spoke about that for a good 10 minutes but I thought it was important because it's definitely something that is uh is very important in the ethereum ecosystem and something that I figured was worth discussing with you guys but anyway going to move on from that so there was an update from Zora today

which is a basically one of those art marketplaces uh or I guess on onchain NF marketplaces or does a bunch of stuff with nfts uh and today they announced that they're making it even easier to to get started on Zora so now all you need is an email and your IM imagination there's no wallet or crypto required so you can go to Zora doco you can of course connect your wallet so if you click connect up here it'll prompt you if you want to connect your wallet whether it be metamask or something else or you can enter your email and then just log in and sign up like that so again this falls back to what I've been saying about crypto ux rapidly improving over time and basically becoming much more like the web 2ux where no seed phrases no private Keys none of that

stuff just a very easy way for people to sign up log into things and get started we don't need to complicate things we don't need to show people seed phrases because that to me is never going to catch on H and also it's a bad security practice because I don't think that most people would be able to secure their seed phrase and they probably wouldn't even understand the importance of securing that seed phrase uh so yeah I mean I I think that just having it having it as like ease of on boarding with email and even phone numbers which I'm not a huge fan of but still all right things like that Mak it look more like web 2 is the way here but yeah you can go check this out for yourself if you haven't yet I'll link it in the YouTube description below

for you to do so all right so I've got the L2 beat website up today because I just wanted to quickly uh mention something that I think gets overlooked a bit in the crypto ecosystem because I don't know people are so focused on other things I mean there's so much to focus on right but what I want to talk about was if you look at this list of projects on l2b you can see that most of them uh I mean it doesn't tell you on the front page here but tells you to click into it you can see that most of them are evm based right they're evm compatible or evm equivalent and that's fine like there's nothing wrong with that and that's that's also a consequence of the fact that uh these l2s wanted to make it really easy for developers to just Port

their apps over from L1 so if you go down the list you can see arbitrum 1 op mainnet Bas ZK sync er uh uh I believe manol uh uh and then polygon zkm uh I'm just going down the list as I'm reading this scroll they're all evm based right but you'll notice that like at least half of them on the on the page are not evm based so dydx V3 is not evm it's built on starkware technology uh starnet not evm immutable X not evm right linear I think is evm as well I should have mentioned them looping has their own custom tech there uh uh metas I believe is evm as well uh right now uh ZK sync light uh is not evm I don't

think it's just the payments uh chain there and then you can keep scrolling down the list here but the point I want to make here and and then also I should actually say that arbitrum is also doing a bunch of stuff that's not evm with their stylus uh uh Suite as well and people can build arbitrum chains that that are not evm but arbitrum one definitely is evm right or evm compatible but the point of what I'm trying to say here is that the magical thing about l2s is that they give developers expressibility expressibility here they give developers and they give people who want to create l2s the choice of okay you can be evm or you can be something else and the reason why this was done was because with ethereum layer 1 even if you were to scale ethereum layer 1 even if we were to do sharding

and things like that it would still be limited uh by the evm you would still have to interact with the evm and do things with the evm you wouldn't be able to have an expressive playground and as a consequence of that before l2s came to the scene we saw a lot of these other l1's spin up right and they actually used technology that wasn't the evm and then we had the wave of evm l1s of course but um and they ended up being the biggest funny enough but you know we had these other l1s out there and we still do today that aren't just copying ethereum that aren't just evm right things like polka dot and cardano and obviously salana uh and then um I'm just going down the list here A bunch of others out there I mean abdos say sui all these things right they they're not

like evm first they're trying to build their own thing and that's great and that that that's awesome but I think that what ethereum has done over the past couple years is basically said okay well people want to do this so let's just get them and allow them to do that at L2 it can't happen at L1 because L1 is not being optimized for this sorts of stuff L1 is trying to be a sentiment layer it's trying to be reliable and secure and it's very very slow moving okay so let's push this to L2 and then at L2 people can do whatever they want and that's what's actually been happening there are so many l2s now there are so many different L2 Stacks as I said like arbitrum 1 is evm but arbitrum has an entire stack dedicated to uh to to other things that aren't evm

and there's new projects coming on on line all the time that are targeting things that aren't evm uh and not to say that the evm is necessarily bad I mean it's not the best tech out there and it has a lot of uh a lot of issues but at the same time these l2s can also improve on the evm they can actually make the evm better than what it is on L1 uh through things like you know doing things like local fee markets doing things like paralyzation these things have been discussed for years in the ethereum community but we didn't do that at layer one because we pushed everything to layer two I mean to implement local fee markets on layer 1 ethereum would be a massive lift and it would break things to be honest because ethereum has been alive for a very long

time without local fee markets and it will potentially break a lot of things um and then also paralyzation is is a huge engineering and research effort which is much better done on on layer 2 uh and those are both really really great features and you know to Solana's credit it has those features and I'd love to see those features implemented on layer 2's on ethereum and even other layer 1 EVMS like monad uh for example they're building a uh layer 1 evm but they've made it uh they they paralyzed it now there's no reason why this can't be ported to layer 2os either so all of this effort collectively allows us to do things um with you know creating an evm that's better than the layer 1 evm but also creating other ecosystems that are non evm which I think is pretty exciting

and I and and I think it's like the biggest draw of the L2 ecosystem is that we get like a Cambrian explosion of developments we get to keep it in the ethereum ecosystem and we get to eventually once these rollups and l2s decentralize properly get to a point where they actually inherit ethereum security and decentralization and they just act as an extension of ethereum block space um rather than um you know just more L1 spinning up and and being insecure and and and not being great for for the user generally there but yeah hopefully that resonates with you guys but just something I wanted to discuss today all right last up here was a tweet that I put out just before actually where I'm not going to read the whole tweet out I'll link it in the YouTube description below but the gist of it was

that and I'm not going to talk too long about this cuz I'm going to go into rant mode if I do but the juice of it is that people always ask me it's like why don't you talk about other crypto ecosystems you know other than ethereum um the simple answer is that like I it takes me all of my time really I mean most most of my day is dedicated to keeping up with just ethereum because I don't just keep up with ethereum right I keep up with the layer tws I keep up with all of the developments happening on as many of the apps that I can I talk to a lot of people in the ethereum ecosystem to be able to do that and that is a huge time sync for me and it's all being done for free you know dead way is free I have no

team it's literally just me right and I try to be active in the Discord Channel I try to do you know I I have a fiance as well right I try to spend time with her you know I have other things that I enjoy doing um so that is really the reason why I just focus on on ethereum at least the main reason the other reason is that I enjoy the out of ethereum and honestly like ethereum is is the most exciting thing in crypto to me but the main reason is just I don't have the time like I can't go into other ecosystems and start from the ground uh floor on those and still be able to keep up with ethereum and still be able to do the daily gay so if the choice is between doing the daily gay and keeping up with other ecosystems I'd rather just

do the daily gay it's just so much easier for me to do and so much simpler and also so much more fun and I also said in my tweet here that I find it insane that I even have to explain this to people because no one calls like an apple engineer an apple Maxi just because they spend their time working on Apple products and services and don't focus on other on other um you know Tech ecosystems for example that's just what they spend their time doing doing that's what what they enjoy doing and no one faults them for it no one calls them that but in crypto for some reason you're called an eth maxi or a XYZ chain Maxi or whatever whatever it is if you're just focused on one ecosystem and it's and and and I think that it's really a crypto Twitter thing it's

definitely not something that I really hear in real life to be honest I think crypto Twitter is just just a whole kind of other thing you you guys have heard me rant about that enough um but yeah I just generally find it insane that I even have to say these things to people I think for for you guys watching and listening to the refu are probably have to spell it out for you but for so many people on crypto Twitter it's just insane to me and I get these replies all the time it's like you're an eth maxi because you don't cover anything else and you know if we take that to its logical conclusion you know what would happen let's just say I started covering this chain right or chain why okay I start covering chain Y what happens well the E people are going to be angry at me

because they're going to be like why are you covering other things right I thought you didn't believe in these other things I thought you only believed in in ethereum or you only found ethereum exciting which is actually the truth but let's just humor it for the the example here so I start covering that chain those people on that other chain may be happy for a little while that I started covering them and paying attention to them but then they would turn on me as well because they'd be like well you're still covering this other chain you're still covering ethereum and then in the midst of all that I would get people from chain X and chain Z saying hey you're covering chain y now why don't you cover our chains and then I start covering those and then chain Y starts being really angry at me

because they're like you know uh I'm getting mixed up with the letters here uh I think but they stop being angry at me because they're like hey why are you covering these other ecosystems why aren't you covering us more and then it just becomes a whole like sandwich of opinions on what I should and shouldn't cover and you know I'm a this Maxi I'm a that Maxi and the end state is just not good for anyone so I'm just going to keep focusing on ethereum it's going to keep uh keeping up with ethereum I believe in ethereum I think ethereum is going to be here for decades to come I enjoy ethereum I I get the most excitement out of the ethereum ecosystem and I just love doing it I love keeping up with it so if people going to call me an e Maxi for that then

I guess like so be it but I don't think it really makes sense I don't think it it really gels with reality but if anything I've learned over the last few years is that crypto Twitter doesn't care about reality all they care about is narrative and dunking and being toxic that it is what it is but I think on that note I'm going to end it for today so thank you 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 Discord Channel and I'll catch you all tomorrow thanks everyone