Layer 2's on fire, Fighting EIP-1559 FUD and more - The Daily Gwei Refuel #200 - Ethereum Updates

Transcript

hello everyone welcome to another episode of the daily gray refuel where we cap the latest news in the ethereum ecosystem i'm your host anthony sosano and today's the second of september 2021 all right everyone let's get into it so i was thinking about kind of like the crypto ecosystems today i mean as i normally do right and thinking about the term multi-chain and i put out this tweet where i said the crypto ecosystem has been multi-chain since the first economically relevant fork of bitcoin which was obviously litecoin i think litecoin was forked back in 2011 got value still has value still worth billions of dollars to this day um and then i went on to say so i don't think the question is will the future be multi-chain rather the question is which platforms will have the most market share in a multi-chain world now i wrote

about this in the delegate newsletter today but just to quickly summarize it on the refuel here essentially there's this thing called a power law distribution which essentially says that in kind of like networks 80 of the uh the activity will be kind of concentrated in a small amount of winners like a handful of winners and 20 will be uh the long what's called the long tails like everyone else essentially so you could imagine the crypto ecosystem as being eighty percent uh of the activity and the relevance and everything revolves around bitcoin ethereum maybe a few other platforms out there like maybe some layer twos i mean i'm talking about in the future right maybe some layer two some other chains some smart uh some non-smart contract chains that exist to do things like what ah weave is doing it with decentralized

storage and all that sort of stuff and then you have the long tail of these things that exist but they don't necessarily have very much activity they just kind of like have their own little niches and stuff like that which i fully expect to happen i mean i don't expect ethereum to be the absolute winner and to actually kind of like account for everything in this ecosystem i believe ethereum will be the biggest platform i believe it will be the settlement layer for the world but i don't necessarily believe that it's gonna have all the action um over the long term i mean it it hasn't ever had that i mean like if we if we include bitcoin in that i mean bitcoin dominance has gone down over time of course against uh against eth but uh in terms of like uh just the way

the world works we're never gonna have like this mono culture where there's just one platform to rule at all that's just never gonna happen um and i don't think that's uh an issue i think that's fine i think people can use what they want to use and developers will build on what they want to build on but at the end of the day it's i definitely still think it's going to be a power law distribution i don't believe it's going to be a thing where uh you have 100 of the ecosystem being ethereum or 100 being bitcoin uh it's going to be that kind of like long tail with a handful of winners at the top now let's talk about the size of this opportunity what is the 80 20 in dollar terms well if you believe the total crypto market cap is gonna be say a

hundred trillion dollars right which i think it will be one day i think it'll be more than that i think it'd be like a few hundred trillion over the next kind of ten years or something like that um then let's just take the hundred trillion trillion dollar number for that so if you're 80 you know that's obviously 80 trillion dollars and in that 80 is gonna be uh sorry in that 80 trillion dollars is going to be i believe i mean even though i don't like obviously not very bullish on bitcoin but like i still think bitcoin's going to be in that 80 um ethereum are definitely uh some of the ethereum layer twos not all of them but like a lot of them some other chains as well and and kind of like the uh from there you'll have the longtail which is the other 20

trillion of like all the other stuff that we see today in crypto that already accounts for the long tail i mean if you look at the market caps today it pretty much already is a power law distribution um so i expect that to remain but people are always speculating on like what how that how that's going to look in the future right like what chains are going to be in the 80 what are going to be in the 20 and that can change over time it's not a static thing but if you think about it in percentage terms say one percent of that 100 trillion um if you only capture one percent if your platform only captures one percent of that 100 trillion dollars well you still have a trillion dollar market cap no crypto except bitcoin has gotten to a trillion dollar market cap and bitcoin

only got there briefly so um you know in saying that if you are a platform right now and your market cap is 100 million dollars and it goes to a trillion that's an absolutely massive opportunity right that's a thousand x or more than that i think like uh i think it's like a 10 000 x or something like that if i'm doing my math correctly absolutely massive opportunity for just one percent of the ecosystem so this when you start thinking in these kind of like numbers and percentage terms you really do see why people are speculating on everything absolutely everything in this ecosystem because there's no clear-cut winner besides in my eyes ethereum and and bitcoin in their own categories i think ethereum's gonna be bigger than bitcoin obviously i think ethereum is not just a smart contract platform but it's also a money platform it's also uh eth is also a

better asset than bitcoin in my eyes but i won't go too much into that but if you think about it even if if if that kind of like 80 trillion dollars is split between like a handful of platforms and say like eth is like four um 30 trillion btc is 30 trillion then you have the other 20 trillion split between like the layer twos and stuff like that absolutely insane massive opportunity right it's just it's just absolutely crazy so um that's why you see uh people speculating on other chains and everything like that even if it doesn't make much sense i know there's a there's a bunch of stuff going on in the markets that make absolutely absolutely no sense but when you when people are speculating they'll build things up to evaluations that'll make your eyes water at the end of the day so yeah i just wanted to give

a bit of extra color there and actually what prompted this for me was listening to raul paul on uh bank list there was a really really great podcast he did with them the other day and he was talking in these kind of like terms as well he was saying you know the global equities market is 200 trillion dollars so if crypto captures just the global equities market then the total crypto market cap should go to 200 trillion at least and i i mean i agree with him it should and and more than that um but then he also says like even if some of these platforms only capture one percent of the value then that's still a massive opportunity at 200 trillion dollars let alone 100 trillion so sorry at 100 trillion let alone 200 trillion so from that point of view easy to understand the way uh why the

ecosystem is the way it is but anyway leave it at that for now got plenty more to talk about today this tweet from vitalik so he basically put out a tweet today where he says doing a random twitter experiment just on this day only the 268 people i follow can reply to this tweet feel free to ask things and i'll talk about anything crypto or non-crypto related now i'm one of the people that vitalik uh kind of like follow so i asked my question which i don't know it's in the sea of these questions somewhere i don't think he's answered it yet unfortunately um i may have asked it when he went to bed considering i mean i'm in australia here but uh essentially there's a lot of great questions and a lot of great answers in this this was just like an impromptu ama

for vitalik on twitter and it was awesome i mean if you haven't seen this and haven't read through all the answers i highly recommend going and doing so because as i said it i mean as he says in in his tweet you didn't have to just ask about crypto could be non-crypto related as well and a few people took that opportunity to do that my question was basically asking what would vitalik do if you never created ethereum like what what i mean what what what uh here's my question what do you think that you'd be spending most of your time on if you never created ethereum um and i hope he answers it i i really want to hear what he'd be doing i think based on his other interests he would probably be doing something with public goods or i mean he's very interested in like anti-aging technology

stuff like that he's still very interested in cryptography but maybe that's just like a byproduct of his interest in ethereum but generally i think he'd still be doing stuff in the public good space for sure but anyway definitely go give his entire kind of like thread here a read um and kind of like see the questions and answers that were kind of like put out here in case you missed it i'm sure you guys didn't miss it i'm sure you've all seen it by now but for those who haven't definitely recommend giving this uh this tweet a read it'll be linked in the youtube description of course so arbitram's growth has been amazing already i mean it's just like i mean you know l2beat says here that albatroom has experienced hockeystick growth up 2785 percent over the last past seven days when really it's just like the past 24

to 48 hours right since arbitrary net went live to the public and you can see their tvl is already over 20 million dollars this is just like really fast and you know some of the metric sites that i'm using to track this are lagging like i think rb scan is lagging um l2b seems to be lagging as well but you can actually go to the various bridge contracts on ether scan and see because the tbl is basically just measuring the assets deposited into the various bridge contracts that bridge into arbitram from ethereum so it's pretty easy to kind of kind of manually calculate it but i mean over 20 million dollars in 24 48 hours is is amazing and it's just great to see this i mean you know it's funny because like i said yesterday that i i did my first trade on sushi swap on

there and today i did my kind of like second one to test out the liquidity and liquidity was much better yesterday it was kind of it was poor today was much much better than it was yesterday and i was able to kind of like pretty much do a normal like eighth tray that i would on layer one i think layer one has less kind of slippage and less price impact but there's still more and more liquidity coming over time and and this is just going to be kind of like a thing that plays out in the next few months right where we kind of like get this parallel ecosystem developing on arbitram that mirrors kind of what's happening on ethereum layer one um and i guess there's a few updates about arbitrary today sushi swap announced that they're live i mean obviously they're live on albuquerque but they

have sushi rewards as well now so these pairs currently have sushi rewards on them um which i think is really really cool because i think this is needed to bootstrap liquidity on these things on a new platform like arbitram you definitely need some liquidity mining and i've talked about this before but i believe that you can do a mild amount of liquidity money you don't have to go crazy with it and say okay we're going to pay 100 million dollars out for you know over this one month let's let's let's all go on to kind of like arbitrary no i think a very conservative just some rewards to make up for like a bit of the impermanent loss and stuff like that of of um of uh providing liquidity here is very good and it's a really easy way just to bootstrap uh the kind of like ecosystem for sushi swap

and i'm sure the other ones will do it as well um dai or is also coming to arbitrary very soon similar to how that uh how makers kind of like putting dye on optimism it will be using a custom gateway so that in the future goodies like fast withdrawals and minting diet directly on l2 will be supported and this kind of like foreign post kind of goes over that so make it dale's timeline for launching die on arbitram1 you can read this it'll be linked in the youtube description but really really cool to see that uh zappa added their support for arbitrary and i'm pretty sure they have support for for optimism as well um but they're also going to be supporting uh different arbitrary integrations as time goes on too here so i mean it's all happening right this is absolutely crazy how fast

this is happening and really it just speaks to the fact that this is all permissionless and this is all kind of like open and you know you can integrate no matter who you are you don't have to kind of go to the arbitrary team and say hey can we uh integrate with your your smart contracts or whatever you can do that as i mentioned yesterday people still have to uh i mean developers left a white list to deploy their apps and stuff like that but i think that's totally fine um and it's just great to see like all this support coming in for arbitrary all at once uh and you know finally here seller network announced that their uh their seller seabridge has been supporting arbitration from day one so you can get in into and out of arbor trim in minutes instead of seven days and at a 20 to 50

x lower cost uh so this is just one of those bridges that i always talk about on the refuel um there are the other ones i think are enabled as well that can next and hop but it's also you know depending on the liquidity pairs you know it's it's funny though because i actually think that these just on the bridge note for a second i actually think these bridges only really have to have liquidity for stable coins and eth really because uh to go between the chains because if you have amms on each of the chains well then if you need to kind of like bridge out you just kind of like sell into each or sell into usdc and kind of like come out but the i mean the only showstopper that i can imagine there is the fact that like the the taxable kind of like events

that happen because going from crypto crypto at least in australia is a taxable event so that would be kind of annoying having to do that but for people that this doesn't affect or maybe the legislation changes in the future it'd be really cool that we have just really deep liquidity pools that uh stable coins and eth between the for these bridges between the different chains and then you can just like swap in and out of tokens on on all of the different l2s and and side chains and whatnot instead of having to kind of like bootstrap the liquidity for the bridges as well because that's always going to be the bottleneck here i believe and arbitrary isn't the only one getting love chain link is now up and live on optimism which means uh near real-time price feats and near instantaneous confirmations uh plus uh low gas fees

equals crypto nirvana on optimistic ethereum now this is really cool because it means that moral apps can now deploy to optimism that relia uh sorry rely on chain link for the app to work so something like rv right which relies on price feeds to make sure that they can track the value of the collateral assets backing uh the loans on rva and things like that obviously there's a bunch of other apps out there that also use uh kind of like rv that tap into that like like yearn and i mean like when when curve gets deployed uh you can con sorry i can kind of tap into that and then tap into ave and stuff like that so yeah i mean there's always these apps that have the dependencies like alchemics as well so having the core infrastructure providers like chain link up and live

allows for all these extra apps to come on board here which is really really cool um and on i guess i tweeted out about optimism today saying that uni swap on optimism had a record trading volume day yesterday as well they had almost seven million dollars a 24 hour trading volume and i just said here slowly but surely because it has been a slow kind of progression here and this is by design like i had some people in the comments kind of say you know this just seems like really um what are the comments say it said saying is that life for everyone to use do pools need to move or is that in a in a beta six million dollars is super small volume if uniform does over a billion dollars so this person's talking about unisop doing over a billion dollars on layer one now

you can't compare unisop on layer one to unisop on optimism because optimism has like three other apps live right now right so there's not really anything for there's not really too much of an ecosystem just yet there will be i mean and it's also kind of like a brand new thing where people have to bridge into it it's not like at the the fully kind of like battle tested adopted network effect out kind of like ethereum layer one here and it took a while for optimism to get to a billion dollars on layer one anyway and there's no liquidity mining for anything on on layer two uh sorry on optimism with regards to uni swap so and they haven't tried to do that there's transaction limits on uni swap there's been no marketing for this i mean i think the most marketing that unisop on optimism

has gotten is probably from me if i'm being honest i haven't really seen anyone else talk about it i've posted about it a few times i've talked about it on the refuel but no no one is really talking about it and yet it still has almost 7 million dollars of 24 hour volume which is kind of kind of crazy right after just about six weeks which i think is really cool that's going to ramp up over time i believe as more and more apps deployed to optimism here but yeah cool to see that kind of like this record being set by uniswap uh and i guess optimism and arbitrary aren't the only layer twos having fun uh starkware has put out an update about starknet alpha two so starknet is their kind of like generalized layer two platform running on i believe zkroll cr so with this alpha

two phase uh stock net now supports composability the main feature defining stock net's constellation phase uh they are releasing a testing framework for stock uh stockinette developers can now test their contracts locally and effectively this release includes several several notable performance improvements such as support for merkel patricia tries uh trees sorry and a built-in uh for bitwise operation so for you developers out there you'll probably know what that means more than i do and on the ecosystem front they've standardized their contracts and they have an evm to cairo compiler uh which is the kind of like warp thing that i talked about the other day from nethermind um i talked about on the refuel so i mean this is really cool because i think what's happening now in the layer two space is that because these things are going live like

arbitrary and optimism and um some of the other ones out there there's been a fire lit under uh uh up under everyone's arse and everyone's basically like oh my god we have to get our stuff out there we have to release it we have to do it now and they're not rushing to the point where they're making kind of like trade-offs or they're kind of like launching when it's not secure to do so this is why some of the layer twos take so long to launch like arbitrary took longer to launch because of that same with optimism you need to make sure that these things are secure and they have rails and stuff in place as i've discussed before but essentially i think that these other platforms and these other like competitors they're all speeding their kind of development timelines up and working really really hard to get

this out there because they know that it's a power law distribution they know that 80 of the activity is just going to be existing in a handful of these layer 2s and they want to you know they want to be that 80 because as i mentioned at the start this opportunity is trillions of dollars and these kind of like platforms want to be worth trillions of dollars like these are companies at the end of the day uh and like their networks so they have the network effect that makes them valuable and if you're not first to market it's very very hard like after something gets adopted if you if you wait too long to kind of get those network effects and this is something that i don't think a lot of the people that are debating on these other kind of like platforms understand these other smart contract platforms

they say oh it's going to kill ethereum and all this sort of stuff and it's like guys like it doesn't matter if you think your technology is better it doesn't matter if it's faster doesn't matter if it has more tps that has never mattered what matters is the network effects it's the same for layer once as it is for layer twos it's it's always the same in any technology it's always about the network effects so i think that the layer two teams are very very aware of this and they are trying their best to get their solutions out there which just means us as end users get a much better experience right which is obviously super exciting there um and then i think it's the last thing about layer twos today uri from starkware also tweeted out that in august so rare spent 38 on gas that's

98.5 percent less than it spent uh as recently as may uh and as uri says here we're nowhere near done yet we will continue to slash their gas um spending further with sharp and other tools now sharp is their shared prover which essentially means that people uh sorry the apps that are deployed to stock uh with stockx can actually share the load of the fees that they have to pay to layer one in terms of like securing themselves but this is awesome and as i've discussed before this is the long-term kind of thing for ethereum all these layer ones are just going to substantially reduce sorry layer twos are going to substantially reduce the fees that each of them has to pay to layer one but in aggregate they're probably going to be the same if not more than what's being paid today because there's just going to be so many

of them and i guess i've spoken about how these layers are like user wrappers at the end of the day so i'm not going to rehash that but i think that is it for layer two stuff yes that's a lot of layer to update so i mean if anyone ever tells you that ethereum layer 2 is not coming or not here or kind of like too slow just show them a refuel really at the end of the day but anyway moving on corpy put out this excellent tweet about eip1559 today and this is a narrative that i've been seeing spread on twitter recently which i haven't really been bothered fighting people with i've been talking about on the refill a little bit but um corpy's kind of like starts off with the narrative and he says erp this is a quote he's quoting people saying

eip1559 sucks after it was implemented gas prices skyrocketed and then corpy outside of quote says this take is propagated a lot and i think this is far from true correlation is not causation i suppose gas prices would be much higher now if we didn't have erp one five five nine so how does eip1559 save you eighth now i'm not going to go through the whole thread i want to just highlight one part of it i mean i suggest reading this it's a very great thread but one part of it is where he basically explains why the gas fees are higher and this should be obvious to anyone who actually understands how the fee market works which admittedly is not many people and i get that a it can be quite a technical thing but i hope that the daily refuel refuel viewers and listeners are you

guys all understand this but essentially this is why gas is insane it's not because of eip1559 it is because of nft mania and it's just a coincidence that nft mania happened or basically went into like overdrive when 1559 went live as i discussed i think yesterday remember the day before openc did 3.3 billion dollars a volume in august which was 10 times what they did in july and open c if you go on ultrasound.money is the top gas burner by far i'm sorry top 8 burner by far which means they're the top gas user by far so when looking at this i know it can be hard for people to grasp this because it's because it really is a coincidence but the reason gas prices are high and probably they probably

would have been higher if not for 1.559 is because of nft mania and nft activity is some of the most gas heavy activity on the network which means it uses more gas in a block than pretty much like most other things i think the only other heavier thing is some kind of things in d5 and d5 is already heavy on its own but nfts like minting in nft is one of the most the heaviest things you can do it's one of the most expensive things you can do on the network so when people are minting obviously the gas prices are going to shoot up crazy especially if they're formoing into it but 1559 saves people in two ways one it's got the the refund mechanism where you basically refunded the excess amount that isn't used because you get to set like the max fee and two it's got the

self-adjusting mechanism of basically compressing all the demand into a few blocks while the min like while the kind of like the spiking activity is going on and then it dissipates after that and returns us back to the baseline which is the base fee which can be anywhere from 50 to 100 way these days so you obviously sometimes see gas prices go up to one two thousand three thousand quay that is by design with eip1559 but that by design will also come down just as quickly and normalize around the base fee again which as i said is 50 to 100 grey so read this thread from copy it does a great job of explaining this and he linked my pc which i thank him for as well you'll see here my newsletter piece uh uh describing what 1559 is and how it works and all that so you can read that

as well but yeah i just wanted to kind of point that out and make clear that 1559 did not increase gas prices the nft mania did or generally the thing that really affects gas prices on ethereum at the end of the day is network activity that's it like not even the price of eighth because the price of eight can be ten thousand dollars but if the network activity is zero well then the fees is a zero right or if the network activity is really low then the fees are lower it doesn't really correlate to the earth i mean so this is like a deeper topic i don't want to get stuck on this but essentially it does correlate to the east price a bit because obviously when the eighth price is volatile the d5 kind of ecosystem is volatile the and then the you know multiply activity

is happening which means the chain usage goes up you know and all that sort of stuff but it's not like a one-to-one correlation where essentially if it gets um more expensive so if the if price goes up and the network demand goes down well then the gas prices are going to go down but if the eighth price goes up and i mean i should say guy price if the eth price goes up and the grade price stays the same or increases then yes in a pure dollar value it will the fees will be more expensive but if the network activity goes down then the dollar value will go down with it so yeah i just i don't wanna i don't wanna get stuck on that because i'm gonna run out of time if i do that but yeah go read this thread from copy it was really

really good speaking of gas block native released a gas estimator browser extension today which is the best browser extension for gas estimation that i have ever seen it is currently available for chrome and for brave i don't know if you'll be able to see it if i pop it up here no i have it installed but it doesn't show up on the recording for some reason but essentially it looks exactly like this i mean i don't have to show you uh this was taken from from my pc obviously this screenshot but it shows you exactly the base fee here down the bottom it shows you the max fee and it shows you the priority fee and it shows you the percentage probability that um you'll get your transaction into the next block now for most of your transactions you won't have to worry about this but if you know

the network's going to be heavy or if you know that there's going to be like an nft mint and you're trying to get in you can use this as a kind of like barometer as like a measure to see what you need to kind of like set your base max fee and priority fee too uh so yeah this has become definitely my favorite and i mean disclosure i'm an advisor to block native but that doesn't influence kind of like what i'm saying here i mean i haven't seen an extension that gives me this much information i mean i've used all of the gas extensions and you know some of them i mean pretty much all of them will give you like an option between like the fast or slow or whatever base fee which is more relevant pre one five five nine but in a post one

five five nine world we need more information um if you want to kind of like uh i guess like play the gas market or whatever you don't have to do this like as i said metamask is decent at i mean it's not the best but it's decent at kind of like estimating um fees but if you want to kind of like have total control over it this block native extension is is what's right for you and i believe people asked about a firefox um kind of app as well or extension i'm sure that's coming i don't actually know if it is but i'm sure it is considering firefox is so popular but right now it's available on chrome and brave so definitely go install it if you haven't yet so an interesting tweet from ian uh from from ideo here who said uh bitcoin introduced money primitives ethereum

introduced software primitives d fi introduced finance primitives crypto punks introduced culture primitives and loot project which i spoke about yesterday has introduced a primitive for story narrative and world building and i mean this goes into exactly what i was saying yesterday about loot project and how it's just kind of like a bottoms-up approach to nfts where essentially just this text has been issued as nfts and people can kind of like build their own story narrative you know world and art around it and i just think that ian really can capture the encapsulated all of this pretty pretty well here um i think you know it's funny because people always ask you know what's the next big thing what's the thing that's going to change the game what's going to be another zero to one moment and i think all the things he listed here were zero to one moments and

for those of you who don't know what a zero to one moment is it's basically i mean it's a term coined i can't remember exactly who it's coined by but it's actually a book you can you can search it but it's essentially i guess like something going from uh i guess uh how do i explain this but basically it's like a revolutionary technology or essentially essentially it it takes like a massive leap in technology that's kind of like what a zero to one moment is there and you know bitcoin introducing uh money primitives introducing a decentralized money was obviously an absolutely massive leap from fiat money right or from all the monetary systems that we have known then ethereum introduced software primitives on top of this smart contracts right that was a zero to one moment for blockchains and for the world really in general to have a trustless kind of

decentralized base layer for executing arbitrary code through smart contracts then you have d5 introducing finance primitives to all of this in a way that was decentralized permissionless trustless global you know all that sort of stuff that was a zero to one moment for finance then you had crypto punks introducing culture primitives on top of all of this and this was a zero to one moment for culture within uh not just within crypto but outside outside of it as well and then loop project i think what ian's been playing here is like a zero to one moment for kind of like nfts generally where it's basically taken the nft concept and turned it on ted which i think is really really cool so yeah i just wanted to kind of point out that tweet from ian and expand a little bit for you guys there um the

maker dao growth team announced that matic has been added as a collateral asset on maker uh so you can now issue die through matic as collateral thanks to the maker community and governance um and matic is obviously the native token of the polygon pos chain here i like this little meme that they did you know you guys may have seen some drama around polygon over the last couple days especially involving me it's funny how i've become like the face of polygon on twitter i get it because i'm an advisor to polygon but it's just funny because you know people think that i'm responsible for everything that that part that polygon like as a as a kind of like company does when in reality i'm like i'm just like one small cog in the machine i just like you know i i kind of um just just an advisor but maybe i'll

do a thread on exactly what an advisor is one day but anyway this meme is kind of like this guy crying on the left saying no ethereum can't scale and side chains are not safe and then make a go and as like the chad character goes wait a minute friendship ended with the crying dude polygon is now my best friend because they added like the matic as collateral here which is which is cool to see i'm glad i did this i mean i'm surprised it didn't happen sooner to be honest but anyway all the details are in this thread from the maker growth make it our growth account linked in the youtube description okay i have this up twice for some reason about the block native uh kind of gas estimator browser extension here anyway uh this was just like the link to download it but you know i just talked

about this so i'm just keep skipping over this um danny ryan kind of trolled uh again i guess like ethereum twitter today um for those of you who don't know danny ryan is like the main coordinator for the e2 effort but essentially what he tweeted today was just like when merge and then hudson jameson took it a step further and trolled us all and he said it is happening on march 23 2022 this is not the merge date this is a troll the i mean hudson isn't even involved with uh uh with kind of like the theorem foundation anymore or anything like that he actually just recently got a job at flashbots he's still involved in the ethereum ecosystem with eth hurders and all that but it's just funny because like this is definitely a troll as much as you know i've been saying it's gonna happen in q1

2022 there's no date yet and i don't even know if it's going to happen in q1 it could happen in q2 but i just wanted to kind of point that out for people who may have seen this and may have thought this was real no it's a troll uh please don't take this as the merge date all right finally here i wanted to kind of highlight this meme that well created uh i mean i love this like i you know how i talked about like the uh being an early adopter yesterday and how i wrote my newsletter and how it's become kind of a meme well rap rap put together this meme with me and it kind of like as the character here saying the early adopter you know sees that it sees one whatever that number there is one million times growth knows it's still early ah so

early knows nobody's ready for what's coming including himself blah blah i just thought this was cool and you know what if anyone wants to make another meme with me as the character here do like a daily gray refuel or kind of me and coffee in the discord channel today was actually saying some really hilarious stuff and that you could kind of put around the image here but that'd be fun to see because i know there's a lot of things that i say on the refuel that kind of like you guys hear and you're and you're like um what's he saying like and i repeat myself a lot about a lot of things because i do this every day i think there's someone in the youtube comments who always has like a whatever counter like when i say whatever that kind of counts that i know people always make

fun of the way i say the word here i say it like he yeah apparently i don't even hear myself doing that maybe it's my accent maybe it's just the way i say this word and a bunch of other things obviously at me at the start singing my name and whatever right so if you're down to create a meme you know do it and i'll obviously highlight it on the refuel but i think on that note i'm gonna 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 the video a thumbs up subscribe to the newsletter join the discord channel and i'll catch you all tomorrow thanks everyone