Hop token launch, Consensus client analysis & more - The Daily Gwei Refuel #383 - Ethereum Updates

Transcript

hello everyone and welcome to another episode of the daily gray refuel barry cap the latest news in the ethereum ecosystem i'm your host anthony sosano and it has a 10th of june 2022 all right everyone let's get into it so we have a tweet from danny ryan here today talking about the roxton merge so he said robsten merge was a major success if this were mainnet i'd be jumping for joy congratulations to everyone involved quick discussion and contextualization of issues seen during their transition below and thanks to parathos here for the details so you can see kind of like in these tweets danny goes on with with the details where he says 14 of validators had downtime at the transition and nine percent were due to the nimbus team's config issue which i talked about yes yesterday and this was fixed with a cli change and a redeploy

1.8 was uh due to a known concurrence uh no uh concurrency bug in nether mind required a reboot for some nodes and two point five to three percent uh were nimbus bay su a websockets problem a swap to use http so not major issues at all very very minor issues that were easily fixed fixed and then danny ryan continues if these were the issues observed during the main net transition nine percent operator with a configuration problem and two small bugs affecting a minority of stakers that can be fixed locally no new co-deployed then it would be considered a resounding success a fantastic work and i mean this is exactly what i said yesterday guys like the robston merge could have obviously gone better like there could have been no uh validators having any downtime but the fact that this downtime

was related to such minor things especially uh most of it being related to a confic issue is very very positive i think now obviously we'll see how the the rest of the public test nets go from here but uh yeah it's great to see kind of like danny you putting this out like as a kind of vote of confidence as well i'm basically saying you know if this was a main net merge then he'd be very very happy with this because as i mentioned yesterday the bigger training is extremely resilient so if this was to happen on the mainnet merge and we had 15 or 14 of validators having downtime um at the transition uh they you know more times than not there would not be a kind of like code change required or any kind of like fork required it would just be on the client

side of things which is obviously what we want to see so even if this was to happen on mainnet it is not a show stopper it is not anything of a big deal it is literally just kind of like pretty much expected i think at some point you know and the funny thing is is because the beacon chain's so resilient this can actually happen in say like a year after the merge where some uh clients or some kind of like validators drop off the network due to a buggy in there in their code or something like that just one of the clients not the other ones and then they could get fixed then and then how they could kind of like restart and participate again uh but this is exactly why uh you know people like super fears were going on about client diversity so

much because obviously the more uh dominance a client has over the network the more effect it has so for example when prism had over two-thirds of the network uh if there was a bug in prism and if something went wrong with prism then that bug would have affected the entire network and would have uh potentially led to the network finalizing on the bug chain so that's why we obviously don't want any client to be a super majority uh just in case of things like that right so it's not just for the merge it's for the steady state of the beacon chain really so it's just very very promising to see that we are you know with that that corrupts them went so well uh even though we had like these minor issues they just kind of like weren't show-stopping they were things that were easily recovered from and i think it's

just really really great so just wanted to kind of give that shout out there uh from danny here and i mean all of you know who danny ryan is by now right i don't think i need to explain it but for those who don't the reason why danny ryan's word means a lot is because he is one of the main coordinators of the merge effort in general so you know really if you're talking about getting the information from the horse's mouth from the literal source danny is as close as you're gonna get pretty much right and speaking of that that's a nice segue into the next thing that i wanted to speak about which was a tweet that i put out today where i said you know stop getting your information about a theorem from low signal random twitter accounts you literally have the core devs active on twitter who provide

accurate and to the minute information about important things like the merge there's no need to fall for the fud and then underneath it i kind of like linked some of the top accounts here that i follow um or you can just follow me because i retweet all of them or you can just watch the refill because i talk about all their tweets all the time but basically like what i always find insane is that right after the robson merge you had the core devs on twitter you even had uh people doing threads about about how it went the core devs doing threads about how it went why would you get your information about the uh kind of rob stem transition just as an example from random twitter accounts that don't even tweet about ethereum like i don't understand why people do that it just makes absolutely zero sense to me uh and

i and i think that that is obviously like a source of a lot of the bad information out there and it doesn't have to be you don't need to fall for the fight you don't need to expose yourself to all this noise and all this bad information there is so much signal out there not just on twitter uh but through other educational channels obviously on my show but also on other kind of like channels like um like bankless uh you can join the core dev discord channel and just read through the conversations there yes it's a bit a bit more work than just reading random twitter accounts tweet or reading some tabloid piece on the merge for example but you're gonna get much much better information a much more reliable information and if you actually give a [ __ ] about keeping up with things as

accurately as possible that's what you should be doing or you can just outsource it to someone trusted i think that i do a pretty good job of covering this sorts of stuff on the refuel but so does bankless they obviously have guest episodes but they also have their weekly roll up the ethereum.org website is an absolutely amazing resource there there are plenty of good resources there ben edgington's what's new in e2 newsletter then he's himself a core dev works with the the kind of like teku team i mean you you just don't have to go to the bad sources for this information and there's no need to kind of like take their word as as the truth because you can verify that for yourself so whenever i just i get so frustrated as an educator as someone who aims to be one of those high signal people that people

will just continuously look at these random twitter accounts that i have never heard of before it's it's actually bizarre to me that that people look at this as a signal when you have access to the people building this [ __ ] like how often do you have access to for example the core engineers at apple that build uh the technology you don't you don't have any access to them basically most people don't most people can't view their conversations there's nothing done out in the open it's all closed off right and you're never going to be able to just like dm one of these kind of um core devs and have like a deep conversation with them whereas with the ethereum core devs you potentially can there's a much higher chance obviously not 100 chance but there's a much higher chance of it uh and it's not just kind

of like direct communication with them it's also them kind of like putting out things out in the open because ethereum is an open source open kind of like platform it is not doing anything in the shadows or on on kind of like the um or in kind of like a closed source world the only thing uh that is doing the shadow related is the shadow forks but they're again done out in the open right it's got nothing to do with with hiding everything's just public so from that point of view i just find it utterly insane that people still go to these low information resources for their um for their news and it's not like the other resources are small either bankless is huge like just as just as an example here the ethereum website is the first result you will see when you type

ethereum into google right so going on twitter or on reddit and following low signal uh kind of like information on there and like high noise kind of like accounts is not the way to go it is not the guy as i like to say uh the guy is following the i guess people who provide the highest signal and maybe following other people here and there just to kind of like not get stuck in an echo chamber but but i think that's orthogonal to the signal because at the end of the day from what i've seen from the core devs that i kind of like follow which is pretty much all of them they they tend to kind of like stick to just giving information a lot of the time especially on twitter rather than getting bogged down in debates or opinionated kind of like uh

things and i think it's better that way i don't think it it's good for them to get bogged down in kind of like debates around things on twitter i mean they can do that in in the correct channels but usually they're pretty active in just providing that kind of like signal to people and and getting and filtering out the noise so definitely uh just keep that in mind when you're looking for information about crypto in general all right so there's been a bit of chatter around the st eth uh assets today uh and i guess over the last few days and about its quote-unquote peg when it's not really pegged to to ether on the secondary market and i put out a tweet where i said you know a lot of retail investors might panic out of st ethier because they think it's similar to ust and can death spiral in reality

st is backed one one for one by eighth that he staked on the beacon chain which means sd8 can be redeemed for eighth once withdrawals are enabled in the first half of next year hopefully now i want to unpack this a bit for you guys just in case you don't know what i'm talking about here you can verify verify this on chain that each ste is backed one for one you cannot generate st8 unless you put eight into a contract that it gets forwarded to one of the service providers one of the staking providers and gets put into the beacon chain and you can verify all that along the way right so that is on chain verifiable collateral backing st did not have uh much backing it had uh you know a bit of bitcoin backing it a

bit of um i guess like avax backing it but there was obviously all that drama around did they actually use that to back it because it wasn't programmatically backing it it was based on terraform labs but most of it was was kind of like not backed right it was not collateralized it was an algorithmic under collateralized stable coin and that's what led to the death spiral st cannot death spiral because at some price point at whether that's 0.95 or 0.98 or 0.858 there will be enough people stepping in to take what is called the arbitrage trade there and i explained in my second tweet what this is where i said if you sell st for eth today you are trading on a secondary market which has a price that floats independent of the reality i outlined in my first tweet the astute

observers among you will notice that this is a relatively low risk arb you can take advantage of and what i mean by this is that say st drops down to 0.98 on the secondary market and you can buy one st for 0.9 uh each that means you're basically getting a 10 percent free um you know 10 percent free uh free ether so 0.18 um in a relatively low risk arbitrage trade and the arbitrage basically gets closed when you go and redeem that st for actual eth once withdrawals are enabled from the beacon chain or you can just wait for st to float back up to you know 0.980.99 it shouldn't ever actually trade one for one on secondary uh because of other kind of like risks associated with it

but if you if you wait that could be a trade as well now i think the that's a riskier trade than the um the trade of just basically buying it sitting on it and then just kind of like redeeming it once uh withdrawals are enabled on the beacon chain and honestly at 0.9 and below i'm a buyer there like i'll be i'll buy st instead of instead of eighth because i but i believe that by the time the beacon chain withdrawals are done sorry that they come around lido is not going anywhere light is still going to be here uh and and and lightroom and and kind of like the service providers are definitely going to honor that withdrawal i mean the risk is obviously that they don't honor that withdrawal but i feel like that's a relatively kind of like low risk there as well so from

that perspective uh and also you have like a slashing risk so if the validators get slashed i guess like um you know there's kind of like some some uh funny business that can go on there but in the steady state of things because st8 is backed one to one by eighth there is no risk of a death spiral unless the i guess lighter contract was hacked and the eighth was all withdrawn but that that can't happen either because of the fact that the eighth is in the beacon chain so it would have to happen like post uh withdrawals uh being enabled um and it would and and the thing is is that because it got sent into the beacon chain because it goes through the service providers it it's not a honeypot right it can't actually happen to that contract that stores all of the eighth

because the eighth was effectively burned to uh on the execution layer side to uh kind of like go out through the bridge contract to go to the big the consensus layer side and you know there's there's obviously a lot that goes into this but i think my main point is that if you're reading fight about people who say that this this can death spiral or people saying that this is kind of like bearish for 8th and all these things it's it's kind of like a really weird take because at the end of the day if people are panicking and panicking out of st they're buying eth with it they're trading back to eat now whether they sell that eat for stables later on they may do that right uh but they've already they've taken a haircut by selling sta kind of like at a discount

here maybe they they they take a further haircut you know you don't know that and there's also the leverage positions too which i think if st was to depict a 0.88 it would wipe out all the leveraged staking positions but again in order to pay back that debt eighth would need to be paid back which means that the s8 would need to be swapped for eighth or like east would need to be sourced to pay all that back so i don't see this as being kind of like a thing that would you know tank eth or crash eighth i know the eighth price and crypto in general has been very poor lately but that's not due to this i believe that's due to just kind of like the wider market forces playing out so whenever you see someone talking about the st quote-unquote d-peg which isn't

actually a peg because there's nothing keeping um ste a one for one with on uh um a one-to-one with eight on the secondary market right it's a separate independent thing the only thing keeping st with eth is the is the mechanism in place for when withdrawals kind of like are enabled where you can redeem that st for the eighth in the beacon chain you can't do that on a secondary market you can only sell s2e for what people are willing to pay for it on secondary market as denominated in eth there so just something to keep in mind on that front there i think it's quite important to understand this uh especially if you have exposure here uh and this is again like one of the uh i guess risks of liquid staking derivatives or lsds are pre-merged because of the fact that you

can't close that up so pre-withdrawals being enabled not pre-merged because of the fact that you can't close that up once the withdrawals are enabled well you're not going to see st really do this again right it's going to probably trade at a slight discount because of the other risks i've mentioned but if when you can close the arb then it means that like anyone can close it so they'll be kind of like bots set up and people will close it whenever it gets kind of like too out of whack and they'll be profit to be made and everything like that so yeah again this is nothing like ust nothing like terror there cannot be a death spiral um and you know it's all backed one for one it's it's chirolites it's just that the cartel backing it right now is locked because obviously there's no

withdrawals on the beacon chain but that changes hopefully in the first half of next year all right so aztec connect was supposed to ship today but unfortunately uh it didn't due to a i think a few different issues here so you can read through this thread for a breakdown on this so basically uh what they did uh kind of like as part of their launch plan they ran through the following test sequences they deployed on gurley they tested successfully with large roll-up transaction sizes exceeding 300 kilobytes deployed on mainnet ethereum and tested successfully with roll-up transaction sizes below gets 128 kilobyte limit uh then they went on to say we expected mainnet to behave similarly for full-size roll-ups however sending large transactions on ethereum mainnet was not successful late tonight

the team pivoted to using flashbots a gethbok that supports la sports larger transaction sizes given the change to sending transactions via flashbots there have been some teething issues such as they had a formatting area in their pr which caused the flash boss transactions to fail so they are working around the clock to kind of like uh i guess rectify this issue obviously they've uh identified a simple fix but unfortunately it is kind of like put a pause on the launch date and they're going to be setting a new timeline here so a bit of kind of like sad news here but these things happen right like i mean it's not like they're not going to launch it's just that they've encountered some kind of like 11th hour bugs here that i need to kind of uh fixed in order to get this out the door and just a quick refresher for what

aztec connect is it basically allows you to use the aztec layer 2 network in order to do private defy interactions on there with using layer 1. so it's a pretty cool feature but unfortunately it wasn't able to go live today but i'll definitely keep you guys updated on that when it does go live and uh hopefully it's sooner rather than later all right so amiga labs put out a really great uh blog post today saying the analysis of ethereum to consensus clients so you can go kind of like check out these blog posts here it's a 12-minute rate it's pretty lengthy it's basically analyzing all the consensus clients on the ethereum 2.0 side or the consensus layer aside which is obviously uh lighthouse nimbus prism tekku and lodestar uh those are the five clients

that are mainnet ready today uh and also grandsign which i guess is like a much newer client um that has only come out recently so that was analyzed as well which is cool to see so yeah they do analysis such as kind of like cpu analysis uh memory analysis disk usage disk rights disk reads all this like all the kind of like techie stuff that matters to i think larger staking operations more than the smaller smaller ones because it can affect profitability obviously if you're running a large operation you have more hardware costs to worry about and all that sorts of stuff and also network costs to worry about too so if you're interested in learning all about the different clients this is probably the most comprehensive analysis that i've seen to date around all the consensus layer clients hopefully they do one for the execution layer clients

obviously guest basu nethermines and uh eragon uh hopefully they kind of like do that for those clients but yeah this is just for the consensus layer side which is obviously the beacon chain right now so definitely go give this blog post a read i'll link it in the youtube description all right so the hop token finally launched today so you can now claim your tokens at the kind of website here hop dot hop dot exchange slash airdrop now i i want to talk a little bit again about airdrops here and how just it's kind of funny whenever this sort of stuff happens i think and i want to profess this by saying that i think hop is an amazing protocol it's an amazing project it adds a lot of value to people and they're really just

getting started and they're doing a lot of great work here but the problem is is that one they're launching a token in a bear market which yeah i mean depending on how you look at it could be good or bad um two uh i think a lot of people got annoyed because they didn't get many tokens in the airdrop which i think is just more entitlement and i don't like that i've i've discussed this on the on the refuel before i think that people are just way too entitled when it comes to airdrops but i don't want to open that kind of like um kettle of fish again um i do want to i really do want to focus on the part around launching a token in a barrel bulmark and i talked a bit about token distribution yesterday and about how it doesn't matter how good your token

distribution is if the product is [ __ ] then the token's going to be not going to do anything right but i think there's another important point that i didn't really cover yesterday and that's around launching in different markets so people often say well it's a positive thing to launch in a bear market because the token price doesn't get ahead of itself too much the token has time to bake it has time to distribute and people have time to accumulate it i actually think this is true i don't think that's a wrong wrong way to think about it but when it comes to the right and wrong way to think about things i don't think that the bear and ball cycles are going to matter in the long run so say you want to hold a token for five years i'm not going to do 10 years that's a that's a

very long time five years is still an eternity in crypto but say you want to hold something for five years could you give me any single token that exists today that you would like to hold for five years right that will both outperform usd which is easy or outperform eighth which is pretty hard right so besides eight exclude eight from this obviously a lot of you are gonna pick eight i mean i would pick eight but outside of that like can you think of any other token that you would wanna hold from today right if you bought it right now four or five years i can't think of any besides eighth personally and i wouldn't tell you guys anyway if i if i had some up my sleeve because i don't want to kind of give investment of icr but that's just a mental exercise for you guys to run

through now if you can't bring yourself to hold anything from here which is like the depths of the bear market or pretty much i mean it can go lower than here but we're pretty pretty deep in the bear market right now most of these tokens are 90 plus percent off their all-time highs already and a lot of the ones that are launching are launching at very very low valuations compared to what they would have launched in the bull market so if you can't bring yourself to buy something today to hold for five years to have enough confidence in that token right to hold it for five years in order to outperform not only usd but eth well there is like therein lies the problem so and then and then it goes back to what i was saying yesterday about okay well why don't you want to hold any of

the tokens for that long and you kind of look at the look at what's backing up that token which is obviously the project well that means you don't have any faith in any of these projects uh to kind of deliver value to their token not necessarily to grow as a project because we've seen a perfect example of this where the uni swap project continues to grow but the uni token doesn't grow alongside it it went up during the bull market but you know it's it's pretty low today right it's basically not much higher than when it first started trading so when you take all that into account you can really kind of make the connections here between the fact that it doesn't really matter between kind of like a bull and bear market if you can't bring yourself to buy any of these things in the in what is the depths of

the bear market well then there's your answer right there now in saying that i think that over the years we've gotten better at a slower pace than i would have liked at token distributions token design token value accrual i think ether's led the way here and led the charge here um and i think eth is pretty much i would say the only token or coin in the entire crypto ecosystem that does both deserves its current evaluation and is undervalued based on its current everything right i mean there are studies out there that that have kind of run run the math and said that each should be worth at least six thousand dollars um today now you know there's obviously different assumptions back into that but i think that

it is really the only thing that deserves it i don't think bitcoin deserves its current evaluation at all i think bitcoin should be worth more than zero obviously i think there's a lot of value people that got to get a lot of value out of bitcoin i think there's many different reasons that people would like to hold bitcoin and why it's worth what it is but based on you know the same factors that i attribute to ethereum i don't think bitcoin should be worth what it is i think it's overvalued so in my mind the only thing that i can look at right now and confidently say that i'm willing to hold for five years and that i believe is undervalued um is eighth and i know that might be a cop-out answer i know that might not be the answer people want to hear but like

i look at all these other tokens even the one that have ones that have been slaughtered and i look at them i'm like okay you know some of them could potentially outperform aethia but not only do you have to pick the one that outperforms eighth you have to cold it for long enough to outperform it and sell it at the right time so the thing is is that if you want to hold a token for five years i mean there's been very very very few that you could have actually held for five years and made money on um because five years ago was 2017 right so imagine you bought it at the beginning of 2017 and held it till today you would not have outperformed eighth with any token anything from 2017 i think uh if you bought in 2017 over the last five years

i don't think anything has outperformed eth in that time um and there's obviously coins that launched later that may have like slightly outperformed it but the risk reward there is is is out of whack as well so i think that's something to think about when it comes to judging why you want to buy a token or why you would buy a token and it's not supposed to be investment advice but this goes back to what i always say where it's kind of like there are certain things in my mind that i always run through and that's why i'm so bullish on ethan why i always come back to eat because i've thought about these things time and time again and yes i do a lot of early stage angel investments and things like that but i view them as distinctly separate like i'm talking about public markets

i'm not talking about private markets but there are there are you know there are private market ones that just got completely completely out of whack and there's no guarantee that i win on any of those investments right like not even against eth um but also i mean for me personally the angel investing is like half the the kind of like money thing but half i just want to be closer to the teams that i'm most bullish on and the easiest way to do that is for me to have like a monetary stake in them because then i get like um to be on the investor list i get to be on the emails i get to hear about things that they're doing i get invested updates which i i really love and i and i and i kind of like love being like basically as close as

possible to the source that's a major reason why i do it um but yeah i mean the public public and private markets are pretty separate to each other and they both get overheated in their own ways but i'm purely talking about what you can buy on public markets for the next five years from today i don't don't see much and i'm not just saying that because i'm not really a dj anymore i'm literally trying to think like a dj and be like okay what would i hold and i just can't come up with anything if you guys have anything definitely put it in the discord channel your own suggestions because there's a lot of people in there always searching for these sorts of things but as i said i'm never going to single out any token and this wasn't even supposed to kind of like single out hop or anything like

this but this got me thinking a lot you know when hop kind of like dropped and it's in a bear market and then people like oh it's dropping in a bear market that's actually a positive i'm like eh it depends on all these other factors you can't just rate a token based on like one variable there is like a million variables and as i said yesterday the most important to me is like does the project have product market fit because if it doesn't the token is [ __ ] worthless unless it has like a cold following behind it obviously there are exceptions to the rule i think cardano is a perfect example where their project i mean that doesn't really go anywhere either that much much if anything in terms of usage but it's still worth a lot but most things aren't like that most things don't have a cult

following around uh charles for example right so so yeah just something to consider i'm gonna stop it there because i rants it for a bit there but i just always see people talking about this in the discord channel i just love giving my two cents here because this is based on my experience this is based on a lot of research and and and kind of like time thought that i spent thinking about this literally like i think about this a lot guys like because it's just something that i think that as an industry we do need to keep improving like token distributions token value accrual mechanisms because if everything just dies against eighth over the long term well it's actually not very positive it actually it dissuades people from doing things in and the second order effects of that are kind of like tough to quantify but i

don't think they're actually bullish long term so i would like to see tokens actually do well but right now i just don't see any in their current iteration at least that i would hold for five years but maybe you guys do so definitely drop it in the discord channel in maybe the maybe the airdrop channel the prices channel if you do i'd love to hear your thoughts around that all right so today we also have uh the op governance update number one which just dropped so you can go read this thread for kind of like what's going on with optimism governance right now with the op stimpak the token house uh voting cycles all that good stuff there and on the topic of optimism as well i just read before it seems that the hacker has returned most of the funds to winter mute uh so they seem to be taking the

bounty uh from from winter moot i i believe which was 1 million op i think um which is pretty cool to see uh i'm not sure exactly on the details i may be getting this wrong i only saw a couple of tweets before i started recording but it seems that the hacker has returned the funds which is i guess a good outcome um but like i think from going forward not just optimism but like every project out there needs to be paying closer attention to these things like if you're going to have a token on l2 only then you need to make sure that you know if you've got a market maker or someone else you're sending tokens to you need to make sure that they have an l2 address not an l1 address right that they've given you to kind of like um send send tokens to and i mean normal

address it's kind of like doesn't matter because obviously um a normal address maps to kind of like layer 2 here but uh because of the way the the old nurses safe kind of like worked it was a different thing where it didn't map one to one and someone could redeploy it and you know i went through this yesterday and you probably read calvin's three yesterday so something to keep in mind there but yeah go read this governance update uh from optimism governance here i'll link it in the youtube description all right so i just wanted to hide this thread here from dcf pascal who put together a thread on uh starkware's cohort of a weird amalgamation of endearingly strange group of builders with a focus on games so this is basically a thread about all the or not maybe not all of them but like a lot of

the games that are currently being developed on starkwear and on starknet and all that sort of stuff it's pretty cool there's a lot of accounts kind of like linked here as well um to follow along with i am linked here too uh but basically i've noticed this as well starkware seems to be becoming or at least stocknet becoming the home for these kind of like on-chain games which is really cool to see because i think that starquest technology gives itself towards those sorts of things obviously you've seen immutable x um you know do very very well with their with the nft trading and stuff like that but these things are more on the actual gaming side rather than the nft side of things so give this thread a read if you're interested in that sort of stuff i'll link it in the youtube description below

all right finally here speaking of of charles he said something apparently on stage here uh someone tweeted saying you know charles charles hodgkinson from cardano predicts eth2 will be launched no earlier than 2023 more likely 2024. he later said eth 1.5 is already out it's called polka dot what are you saying here charles like are you just saying words and hoping they mean something because this is just really bad and i just want to quickly break down why it's really bad eth2 doesn't exist it's it's it's a fugazi right it's it's it's a it's a it's a term that has been deprecated the ethereum roadmap is the ethereum roadmap it's not e2 it's not eth1 it's all just ethereum so that first off the bat i don't know if

charles knows that but first off the bat that it doesn't make sense now if he's using eth2 to refer refer to the main package of um ethereum roadmap uh i guess like um items that were part of kind of like quote unquote eth2 such as staking and sharding well okay fair enough but the thing is is that sharding has substantially changed since the first iteration proof of stake is going live with the merge in the next few months right so it's not going to be pushed to 2023 or 2024 and proto dank sharding is hopefully happening in the first half of of kind of like next year so i guess like you could give him like one percent points if he actually means that but apparently he didn't like someone told me that they watched it and apparently

he wasn't even talking about that sort of stuff so it's completely wrong there and then he says something like eth 1.5 is already out it's called polka dot which i'm not even going to go into why that's so insane for him to say but it literally makes no sense so this is why guys i think people like charles are grifters that cardano deserves to be mocked for everything that it is and and isn't basically i think there are some redeeming attributes of it such as cardano like the way it's engineered actually has been engineered in a way that favors decentralization but they have depos which kind of like works against that as well but charles himself is full of [ __ ] a lot of the time he's the master of

spinning [ __ ] don't get me wrong and his followers eat it up but you know when he says stuff like this i just look at it and i'm just like dude like what's going on come on mate like this is not even remotely accurate and you're just misleading people by saying this so i wanted to just call that out here today but some people are going to make jokes that i'm calling out my dad here but anyway i think i'm going to end it there for today so thank you everyone for listening and watching be sure to subscribe to the channel if you haven't yet give it a thumbs up subscribe to the newsletter join the discord channel and i'll catch you all next week thanks everyone