NFT madness, Optimism growth and much more - The Daily Gwei Refuel #174 - Ethereum Updates

Transcript

hello everyone and welcome to another episode of the daily gray refuel where recap the latest news in ethereum ecosystem i'm your host anthony sosano and today's the 28th of july 2021 all right everyone let's get right into it so i announced today in the discord channel that i'm going to be doing an ama uh with daniel from cryptocurrency jobs in the discord channel this saturday um the that's the date the 31st of july at 11 p.m australian eastern standard time 3 p.m central eastern time and 9 a.m eastern daylight time in the us so this is the same time that i normally do the daily great amas but this one is going to be done with daniel from cryptocurrency jobs who i mean i've spoken about him before and i've spoken about cryptocurrency jobs

before basically it's going to be a text-based ama in the general channel in discord and um daniel and i will be answering all of your questions about like how to get a job in crypto and and everything related to that and i mean daniel's helped so many people get jobs over the over the years and he obviously runs the cryptocurrency jobs website which is a big help and an amazing resource people looking for jobs so if you have any questions you can jump into the discord channel and ask them in the new channel that i've created in there um called the crypto jobs dash ama channel and then those questions will be answered on saturday in the general channel and you can also ask them live and everything like that and of course there'll be a transcript transcript available uh after the ama is done so if you

aren't available or during that time they'll be um i'll publish that somewhere and you can go check that out so yeah uh just giving you guys a heads up with that um be sure to join the discord channel if you haven't yet to kind of participate in this on saturday so a few of you noticed this digital frame behind me uh yesterday and i didn't actually explain it yesterday so this is the digital frame uh digital picture kind of display frame called mural 2 from netgear and i bought this after seeing it on twitter but essentially what i've got displaying on it right now is the eip1559 supporter nft and it looks awesome i mean the video compression on twitter is really bad but essentially in real life i mean even on the video here on youtube you can see it just looks stunning and unfortunately

this room is like really really small so i haven't really got much space left to to put it like on the wall or anything you can see around me i mean like i have so much stuff around me and this room it really is like tiny i mean i don't even think it's three by three meters or something like that it's absolutely tiny but um you know hopefully when i get my own place in a few months i'll definitely be able to hang this on the wall and and display a bunch of other nfts that i own as well i i really do think that um being able to display them like in a physical location and also being able to kind of like you know when you have people over explain to them hey they'll ask like oh no that's awesome what's that and you can explain to them

oh well you know i actually own this it's digital and you know you can probably load up your ethereum wallet i mean i own this one at sassel.exe so i could load up my ethereum wallet and say you know i own this i could sell it if i wanted to i'll send it to other people so i just think it's really awesome and you know from now on it'll be on the background of the refuel videos i might add more to it so you might see it change over time but yeah i basically just wanted to kind of like cover that because i saw a few people commenting about it all right so i saw a bunch of confusion on twitter today for some reason about london slash eip1559 um being delayed now uh this was obviously something that was discussed last week on the refuel

uh and you know the core devs came to consensus that they wouldn't delay it due to the ropstenbug so it's still going live in around eight days at the same time it was scheduled to go live at a block twelve million nine hundred sixty five thousand um but then i later discovered that this kind of confusion was being spread by the cardano community for some reason they were spreading this narrative that one five five nine had been delayed and there was also um people saying that it means that ethereum's triple harvening got delayed or something and i was like okay where is all this confusion coming from it's just it's bizarre to me and i know not everyone can pay attention or pay close attention as as we all do um and i don't know a lot of mainstream media sites get things wrong all the time but it was just

bizarre for me so i wanted to clear that up but the other thing i wanted to clear up is this triple harvening thing now you may have heard of it before this this notion that um ethereum will undergo something called a triple harvening and that refers to uh bitcoins harvesting and basically having three bitcoin harvestings at once now this term was uh coined by squish crypto or squish chaos in his um long report where he called for like an ethereum price of 130 000 or something like that i went over the report when he published it but essentially what it describes is got nothing to do with one five five nine absolutely nothing it describes the merge and the merge alone because essentially what the merge does the eth1 to e3 merge as as i've described before is it lowers the issuance um of of

eighth like the new issued eighth by about ninety percent which if you kind of like um calculate it equals three bitcoin harvesting because you say like four point five percent today is the current issuance on the proof of work chain you halve that once have it again and then have it again and you'll get to the current proof of proof of stake issuance on on the beacon chain so that's why it's called the triple harvening and as i said that has nothing to do with one five five nine it has only got to do with the merge and it only happens once um so i just wanted to kind of clear that up as well now when these kind of two things come together that's when we get what's called ultrasound money where essentially one five five nine could potentially lead to burning more ethan

we're issuing per year post-merge which means that it could be net deflationary and have a decreasing supply over time so those are the distinctions that need to be made and if you see anyone maybe kind of like pushing the the fact that 1559 has anything to do with the triple harvening it might be worth correcting them because i don't like these narratives getting ahead of themselves because then for some reason uh people like me get blamed at the end of the day for saying that oh you know you guys are spreading these narratives about like eighth being ultrasound money and everyone's confused well all the people that i know that have have kind of like talked about ultrasound money or talked about triple harvening and stuff like that they've never kind of like um misled people they've always tried to be truthful to it but then you

know various people like whether they be youtubers or crypto youtubers or people on twitter they just twist this narrative for some reason um and they kind of get it wrong so you know i always try to stick to the truth as much as i can but it gets ahead of me like i don't have the reach that some of these crypto youtubers have and people get ahead of themselves so i just wanted to clarify all that but again back to the main point here one five five nine london not delayed happening next week really looking forward to it obviously um and today's delight newsletter is an eip159 explainer actually you should go check that out it's the 300th edition of the newsletter it was the only one that i've co-authored ever and i corrupted it with my good friend nada but essentially if you still don't understand how 1559 works

outside of the fee burn you should definitely read this piece i think it is actually one of the best if not the best simple explanations about how the new kind of gas fee mechanism and market will work and obviously it's not going to give you like a deep dive comprehensive overview of absolutely everything but it's going to give you enough knowledge to understand how this new mechanism works so definitely go check that out it's published by now um and it's out there the links in the youtube description for you to check out so coca-cola is going to issue their first ever nft uh on open c uh very soon and i put out this little fun tweak today where i said i wonder if warren buffett still thinks crypto is rat poison squared considering his favorite brand is now issuing nfts and built on ethereum of course

um and for those who don't know warren buffett absolutely loves coke uh coca-cola he is the top shareholder in coca-cola and he drinks it every day apparently um and if anything's poison it's coca-cola i mean come on but uh you know obviously he hasn't been a fan of crypto in the past but this is just i guess like going back to my point about how even if people hate crypto they're gonna use it and in some roundabout way warren buffett is using crypto and he's uh because of the fact that he he's majority shareholder in in coca-cola and they're issuing nft so even if he absolutely hates it he's still getting value out of it i think obviously what coca-cola is doing here is going to be a little bit of a pr stunt but they are doing it for a um a cause like international friendship

day and i'm pretty sure they're going to donate the proceeds uh from the auction uh to the special olympics international which is which is really cool i mean i i obviously you know coca-cola is massive multinational corporation nothing they ever do is is uh from the good of their heart but the thing is is that i'm just glad to see that they're doing an nft on ethereum and that the proceeds are going towards the special olympics kind of international committee here which is which is absolutely awesome to see and it's funny because like i've been saying it for a while on the refuel that nfts are basically making crypto and ethereum mainstream and i still don't think enough of us have come to terms with the fact this is going to be way bigger than any of us can even conceive i mean you know there was this thing stoner

cats that launched today which was um which is pretty funny i'm going to talk a little bit more about that in a bit but that was made by celebrities like ashton kutcher and mila kunis um and i think vitalik was involved to some extent he was voicing one of the one of the the stoner cats or something but uh and i've spoken about it before how nfts just have like such such a broad appeal and a much more broad appeal than uh that things like defy do but that doesn't mean that defy isn't going to be absolutely massive it will but in terms of bringing in like new people and getting people involved and staying involved during like i guess bear markets and down markets i think nft is going to play an absolutely massive role there um and already is playing a massive role

there and as i speak to people every day who ask me about nfts then you know it's new people as well that they're kind of not necessarily into crypto um you know they're asking about nft it's like what is it you know what's all the the fuss about it like why is it so big uh you know why is it a big deal all these sorts of stuff so yeah i guess coca-cola is just lending their brand to the nft uh kind of um movement here so that's kind of big even if they haven't got like the best reputation out of companies because they're massive multinational and they serve uh beverages that are not known for being healthy um i still think it's a pretty big signal to like other companies and to people in general that nfts are here to stay um and ethereum is

the premier platform to to issue them on even though i mean i'm going to talk about this in a sec i think i've got the tweet here i want to talk about um even though the gas fees are high i still think ethereum's going to remain like the the the home and the hotbed of nfts and actually i'll talk about that now so i put out this tweet where i said it would be great if all these nft projects waited until after one five five nine is implemented to launch and that's because every time there's one of these nft launches now everyone tries to like ape into it and the gas fees go absolutely ballistic i mean i i woke up and i saw screenshots of the gas fees going up into the high hundreds again um which is what we saw during that massive crash uh from four point

four k eighth to like seventeen hundred eighth um but like this time it was just people trying to ape in and obviously once one five five nine is implemented um a lot of this fear revenue is going to be burned so let's just wait let's just wait a week or so left until we've got one five five nine then you can launch as many as you want because then it's gonna get burned and it won't be as painful but outside of that i think there are so many layer two platforms now um that support nfts that it's just a matter of time i mean not even just layer two you also have like side chains but essentially something like polygons pos chain has like full support has like open c on there you can do nfts you can do crypto gaming zk sync i just spoke about them a lot recently

you can issue nfts on there i mean xerox mons is leading the charge there with um with zk and ft and stuff like that you have immutable x going commissionless soon they've already got their gods unchanged stuff on there they're partnered with a bunch of different people so these high gas fees are not like a death now for ethereum's ability to be home of the nfts and at the end of the day nfts is capturing culture and ethereum has culture has a monopoly on cryptoculture i believe um at least in terms of what appeals for to people who want nfts and you know there's a lot of history there with crypto punks with a lot of the other kind of like original nfts like there's some cat nfts and then there's some other ones but crypto punks really is the the center there and then generally a lot of the nfts are

priced in eight so people are used to paying that and people are used to obviously uh um kind of like using the ethereum network and stuff like that but as soon as we get more like um these these um nft projects start doing more and more stuff on layer twos and and more of these side chains i know polygon kind of like announced polygon studios and stuff i think people are just going to realize that that ethereum is is the nexus of all this kind of stuff like yes there's other kind of blockchains that are trying to capture at the nft ecosystem like tazos for example and and flow and i actually don't consider what flow has to be nfts it's it's got so much centralization around it i don't even call them nfts they're basically just like digital collectibles like something you would collect on like a steam

marketplace or something um but tazos has like a bit of traction because they appealed to people i'm concerned about the environmental impacts but with layer two and with like the merge going through i think within the next like six to twelve months we're gonna see ethereum just like completely monopolize the nft space like i know there are there are kind of like approach some some projects um working on other chains and things like that but i think that they are misguided i think that they've been sold in narrative and i do think that the more and more that launch on ethereum um i guess like the the the more those network effects grow and liquidity bigger liquidity and all these sorts of stuff and at the end of the day as i said ethereum has a monopoly on the culture and most people just like wants to have

them on ethereum they don't want to have their nfts on another kind of like chain and stuff like that that's not to say that these other chains may not gain traction or anything like that i think some of them have already and and everything like that but you got to contextualize it too as i said i don't think what flow has is actually nfts um it's extremely closed off and really the only people building on it right now is dapper labs which created flow um and and also like the fact that they have so much centralization everywhere is just like a a downer um tazos doesn't really have much activity or community on there i think there's only one project that really took off on there whereas on ethereum there's literally hundreds of projects and on layer one and layer two um soon to be

more and more on layer two that it's just gonna be really hard to compete there so yeah and i don't have to preach it to you guys like i mean i talk about uh this sort of stuff all the time but i just wanted to kind of like comment on nfts in general or there so uh speaking of layer twos and things like that i'm gonna talk about actually i'm gonna talk about this uh kind of like crypto fees update first and then how it relates to layer twos but essentially crypto fees added a new feature today uh that supports bundling so now you can bundle uh the different versions of say uni swap into one uh kind of a line item on crypto fees dot info here and you can see how many fees are being generated across other different versions so you can see

here that essentially unisop is is generating so many i mean in the picture like it's an insane amount of fees across version three version two optimism and version one uh version three is doing more than version two now uh and then on optimism it's growing as well um and that's what i want to talk about with the layer two stuff here is that if you actually go to crypto fees.info and you scroll down a bit here and you can kind of see optimism optimism came out what two weeks ago uh it is very limited right now it's really on the uni swap and synthetics on there and they're very limited in what you can do on them but optimism is already generating more fear of anew than all these other kind of ethereum competitors terra cardano i mean it's not hard to

outperform cardano avalanche phantom zilliqa tazos uh polka dot i mean really like the fact that just one layer two that came out two weeks ago that really hasn't even tried to market itself or do any kind of like business development or any kind of like onboarding or stuff like that in any big way because it's still early days for them is already doing more fear revenue which i consider to be the best measure of activity on a chain because it's very hard to fake um is just incredible to me i think that it's just like so funny that like people can't see this they can't see that all these other chains at least most of them are just completely useless they don't mean anything they don't the activity on them is just it just isn't

enough to justify their existence so i just wanted to kind of point that out but i think this upgrade is great from from crypto freeze you can see here like uni swap is is three here um binance smart chain is doing is second here in ethereum's obviously first by a large margin and i actually wanted to make a comment about binance smart chain here i was looking at this and i'm like okay well i don't i i was kind of like okay well binance smart chain the only reason people were using it was because the fees were lower than ethereum um and you know these fees are like what 3.1 million over the last 24 hours and obviously bsc can pre process more transactions per day than ethereum can because it's block size is larger because it's centralized and all that sort of stuff but i also was looking at

this and i'm like okay who's actually getting the fees from on bsc is it is it like the validators yes okay well who controls the validators well binance controls the validators okay so really what's stopping binance from like faking the fee activity here um and and it doesn't cost them anything because the fees are going to themselves anyway now i'm not saying that's exactly what's happening this isn't me trying to cope and say that bsc doesn't have activity on it obviously does but you know i said before i think fee revenue is the best measure of a blockchain's growth because it's very hard to manipulate but when you control all the validators what's stopping you from manipulating it by just paying yourself the money and to fluff up the metric because this metric has been used to basically shield ethereum a lot

by various people in industry and then there's a saying that says you know when a when it when um when and something becomes like a target then it ceases to become a good measure so basically what that means is that when everyone's looking at something as like a target as something like positive then it becomes uh basically something for other projects to target and it ceases to become a good measure of anything really and i think that to an extent that applies to to some various projects here if they're faking their favorite revenue or not especially you know things like this where the validators are all controlled by one entity and they're not losing any money by doing so but there's a lot more nuance to this than just like faking it i mean fees uh uh exist for various different reasons you know there's wash trading everywhere

there's like mav stuff i mean there's so much nuance here that's kind of hard to to to say one way or another where it goes um but at least when i guess one five five nine is implemented most of these fees are going to be being burned so it's going to be a positive for each holders at the end of the day but yeah just good to see optimism kind of like gaining traction here and even unisop on optimism i mean i've got it bundled here you can see unisop on optimism is is um doing some some great kind of volumes here but still like much much less kind of like fee revenue than v2 or v3 but early days no liquidity mining only six trading pairs all that sort of stuff so we're going to see how that grows there but great new feature from crypto

fees here and yeah i guess like speaking of um the daily revenue of optimism you can see that it's been growing over time and as i said they've only been around for a couple weeks now um in terms of like unisoft being on their optimism has been live with synthetics for a little while uh but you can see like they've been growing um you know as time goes on but also as the market heats up more and more people will trade uh so that free revenue can be expected to grow from there as well so speaking of layer twos starkware has uh their starkx 3.0 that is now live on mainnet so i've been talking about this for a little while so what this uh styx 3.0 introduces is a couple new features here um l1 volts which supports uh d5 pulling and this new thing called

dam or damm which i'll go into in a bit uh and and something called sharp which is independent dapps share the proof and split the gas bill so lower gas uh transactions for all essentially um you know obviously with these layer twos you have to put proofs onto layer one so if you split the bill with all the different apps on the chain then you can kind of like bring the cost down and average it out like that but essentially what this dam is and this is something i've just discussed before but i think this is one what the most interesting thing here is this kind of like l1 volts um uh d5 pulling and and and uh dam which is usually we used to be called caspian and that's what i discussed on the um the last refuel but it's essentially this notion of being able to

use l1 liquidity at layer 2 which is like incredibly important because there's so much liquidity on l1 and basically allowing people to tap into that on l2 to do conditional orders and things like that is going to be really really good for adoption and get more people to kind of use it here so they kind of like explain it how it kind of works here so um you know why is this important or why is this a novelty um you know up until now users have to choose either participate in the scalable l2 environment or participate in l1 strategies so you have to kind of like split your your kind of like time up there um such as liquidity mining uh sorry such as supplying liquidity to an amm or a y vault now users can do both the same funds without having to pay expensive deposits

to l2 and withdraws uh back to l1 so this stark xl1 volts allow smart contracts to deposit deposit funds to any ethereum address publish limit orders relating to these funds and withdraw these funds so and you can see a bunch of potential use cases here um you know i'll let you read through this on your own but the first one and the most important one in my mind is default pooling which basically means that d5 strategy contracts can now own an l1 volt this allows starkx users to easily and inexpensively participate in d5 strategies such as lending money on rv and compound investing in wi-fi etc the cost to the user participating in l1 strategy significantly lower in starkx than doing so directly from l1 enabling small accounts the chance to participate for

the the first time here so this i mean i've discussed this before like pulling being able to do like l1 stuff at l2 this is going to solve all those issues between composability and fragments and liquidity and all that sort of stuff and stock where and um you know the various bridges are leading the charge here so really cool to see that i'm super excited that this is live and i can't wait for developers to essentially um uh kind of like build more and more stuff on here and get more of these features in front of users so mahalo one of the co-founders of polygon i now kind of announced today that binance is uh supports withdrawals and deposits to the polygon pos chain now which i think is really cool i mean as much as i

not a big fan of binance you know any centralized exchange supporting an ethereum scaling solution is is good in my books because we need these centralized exchanges to support um you know things like polygon things like up german optimism to get users to adopt them you know there's there's a few different ways you can get adoption right i've discussed them at length before one of the biggest ways liquidity mining but that's fleeting that's also kind of like uh you know you could have like large spikes and then it'll go down a lot and then you really get much adoption from that but i think the biggest one and the one that bsc really showed us was really important was having a nice centralized exchange exchange bridge into this network because at the end of the day everyone boards to a centralized exchange or at least most

people do when they buy with fiat and then they withdraw to you know their ethereum quality and participate in the ethereum network well you know we need to be able to let them withdraw from the exchange to polygon to albert trim to optimism to start with whatever whatever it is so it's great to see binance supporting um polygon here um and i i i think that that this joins like ok x um there's a couple other exchanges okay coin that support polygon um you know arbitrary is being supported by okex i believe i'm curious to see if binance will support arbitrary optimism and all that sort of stuff we'll see what happens there but finance as well is coming under scrutiny too like i don't know what's happening with them um you know i i don't think this kind of scrutiny is going to kill them or

anything like that but like uh you know it's going to be curious just i'm going to be curious to see like what their next movie is because i basically said here you know short finance long define i was quoting uh this tweet from haskar here who said um binance's non-kyc daily withdrawal limits are moving down from 2btc to 0.06 btc which is an end of an era now for those of you who've used binance in the past you'll know what kind of like he's talking about here where essentially you know but i tell this for quite a while and i was actually amazed that they had a 2btc daily withdrawal limit without kyc so that meant that you could um you could essentially withdraw 80 000 from binance each day without having to do kyc which was i think the largest of any exchange any

centralized exchange there might be some other on others out there but in terms of like the biggest exchanges binance you know having this withdrawal limit was was huge and the fact that they've changed this along with a string of other regulatory stuff that's been happening at binance like um you know uh them kind of bowing down to regulators and saying we want to work with you and even cz kind of like saying today um that he would be open to uh being replaced the ceo with someone that had more regulatory experience i i do think that like violence is finally feeling the wrath of the regulators and at the end of the day um this is i think a positive for the ecosystem because it will push more people to defy and that's why i said long d5 short finance but i don't think centralized exchanges

are going away anytime soon i think they serve a critical role in being a fiat on on-ramp for an off-ramp for now maybe we can decentralize that in the future it's a lot harder than decentralizing the other parts of the crypto economy but um you know this is just like another signal to people that if your funds are on centralized exchanges get them off get them into dfi you you know one you don't own them if they're on centralized exchange you own an iou and you're not really in crypto at that point you're just kind of like trading tickers on an exchange um and also with d5 you don't have withdrawal limits you can trade as many as much as you want whenever you want um from your own wallet it's non-custodial and everything so there's no withdrawal limits there's no deposit limits there's none of this kind of garbage on here

you can trade tens of millions of dollars and and whatever you want every single day forever and we and it all stays within your wallet that's why there's no withdrawal limits is because it's all done from your own wallet so i think that this is just going to push more and more people to kind of adopt d5 so yeah we'll see how this plays out i'm sure there's going to be more and more regulatory stuff coming for centralized exchanges in the future um but oddly enough and not maybe not oddly but funny enough coinbase is has kind of like escaped all of this and i think that's because coinbase has played nice with regulators since day one whereas finance hasn't at all they've been um you know antagonistic towards regulators they've been skirting regulations they've been lying saying they're having a physical location when in reality they

do um so there was a reckoning coming and it finally came for them so i'm going to keep an eye on this see how see what happens here and also with things like tether and stuff there's been some news around that i think just any centralized points of failure within crypto we need to stop relying on just we have the tools to go you know to do d5 stuff to be decentralized to be um you know self-sovereign to self-cluster your assets to start doing that for all of your activities i know fees are still high on layer one but we have layer two's coming too i mean there's a perfect storm right now for for the actual kind of crypto economy to take off so let's take the let's make the most of it really at the end of the day so a reality card a project that uh is a

basically a prediction market project that i've known about for quite a while announced today they are moving to 0x polygons so the reason why is because obviously they've been priced out of layer 1 because they're an nft based prediction market um and they've been they're going to polygon uh to kind of like scale out their system and openc is on polygon which just makes it easier for them to do to do this as well so if you haven't checked out the reality cards project i highly suggest doing so they have like a novel approach to prediction markets where you can basically own the outcome either way um they've been building for quite a while i mean i heard about them a little while ago now probably almost a year ago they've got a guide here on how to access this and kind of like how to

migrate your tokens from like x die and your winnings from there and stuff like that um so yeah it's great to see them on polygon and uh it's great to see them kind of like scaling via via polygon as well all right last up is this thread i wanted to talk about from chris dixon who um i i think he used to work on a still work set uh aa160z are still a big part of that but he's basically a famous silicon valley vc um and he's famous for a few different things one of the things is he put out this blog post i think it was only a couple years ago when did he put this out um oh it was a while ago now not a couple years ago this is this is like 11 years ago basically he put out this blog post describing that

the next big thing will start out looking like a toy and in this thread he talks about that he talks about how people dismiss all types of technologies and kind of things like that as toys to begin with he talks about how people dismissed um uh uh things like the telephone as like a toy or things as being too expensive or things as being like something that people didn't want to use i mean it sound familiar right like this is exactly crypto people think that nfts are a toy and it's a fat it's going away people are saying that ethereum is expensive so it's always going to be this way and they mis they're missing the forest for the trees and i've discussed you know this at length on the refuel before of course but over time costs come down right like costs come down considerably i mean he

gives some really great examples here where he says sequencing a human genome went from costing 100 million dollars 20 years ago to under 1 000 today that's an insane kind of um level of growth uh sorry level of uh i mean i guess you could call it growth um but basically uh uh cost savings here and i think the same thing is going to happen to something like you know ethereum fees we're gonna go from uh a decentralized exchange swap costing like 20 bucks they're costing you know very little i mean we already have the technologies out there but more people are going to use that and eventually those kind of like high costs are not going to be something that end users are going to have to pay anyway i recommend going and giving this twitter thread a read it gives a really great picture about

these sorts of things and i think that this is the sort of stuff that like these i guess like long-term thinkers think about and as i said this post was published 11 years ago they kind of realized that this stuff is all a long-term game there is no shortcuts here there is no short termism here if you want shortcuts in short termism within crypto and that's what your investment thesis is or really you're just gambling or you're a trader at the end of the day if you're a long term investor and you want to be in this ecosystem for the long term then you need to have a long term mindset you need to look at these things as technologies that are very new they're going to take time to develop you are a pioneer of these technologies and and with a being a pioneer means

that you deal with the clunkiness you deal with the expensiveness you deal with things not being kind of mainstream or up to scratch or up to the same experience that you would expect considering you come from like the web 2 world web 3 d5 crypto nft's ethereum whatever it is is going to take uh you know a while to roll out completely to get us to a point where we have like that mainstream adoption but by being this early in the ecosystem you get to capture all the upside and get to capture all the opportunities that are awarded to you that will not be available to the people who come in later so make the most of it don't you know don't uh don't dawdle about all the problems that we have today or do dole on on them and fix them do something about it i think

you know don't just complain on twitter about it do something about it but anyway go read this thread i'm going to leave it at that so that's it for today everyone thank you again for listening and watching be sure to subscribe to the channel if you haven't yet give that video a thumbs up subscribe to the newsletter join the discord channel and i'll catch you all tomorrow thanks everyone