Optimism reducing fees, Lido raises $70mil and more - The Daily Gwei Refuel #328 - Ethereum Updates

Transcript

hello everyone and welcome to another episode of the delegate refuel where we cap the latest news in the ethereum ecosystem i'm your host anthony sosano and today's the 4th of march 2022 all right everyone let's get into it so a bit of drama over the last 24 hours in ethereum land with i believe i woke up to this uh infuria had a misconfiguration i guess they were calling it where they were blocking some users in certain jurisdictions such as venezuela now you know obviously people saw this and were like oh my god you know if you're you know it means ethereum centralized blah blah and there was so much fun around this oh my god the fud when i was going through kind of like all the people's takes on this sort of stuff it was just absolutely ridiculous and that's what prompted me to put out

this tweet where i said no ethereum the protocol is not centralized because in furore the centralized infrastructure provider decided to block certain countries from its service run your own node use alternative rpcs like alchemy use a non-meta mask wallet or work to help make light clients a reality so i want to break this down a bit for you guys basically the ethereum network the protocol that has nothing to do with inferior right the protocol itself is run by the full nodes and the miners produce the blocks that's it right that is the bacterium protocol that is the ethereum network now in furore what inferior is is basically a centralized service provider that runs nodes right full nodes archive nodes all that kind of good stuff there and they allow other users to basically piggyback off their

nodes when submitting transactions so for example in metamask the default rpc or the default network that you connect to connecting to the ethereum main net is inferior and the reason this is the case is because both metamasking and furious are consensus companies and obviously they want to work together because it's better you know it's good for consensus which is totally fine it's been like this since forever i mean i'm pretty sure infuriate has been the default for metamask for as long as metamask has been around essentially right um or at least uh almost as long as minimize has been around so from that point of view if you're going offline if you're blocking certain jurisdictions infuria uh kind of like uh you know being being hacked or whatever else you can think of would not affect the ethereum protocol itself what it does affect though is

users abilities to transact if you're using inferior which is high chance you are if you're using metamask unless you've manually changed your rpc to use another provider or you've uh basically changed it to use your own full node uh you are definitely using um inferior on the main ethereum network now it's shitty that they're exercising their centralized powers to do this or they have the ability to do this but this is the reality at the end of the day any centralized service that is built on top of ethereum has on top of any blockchain has the ability to do this and it was funny watching a bunch of bitcoiners kind of fight ethereum about this saying you know this is why bitcoin is the only thing that uh that basically matters is why because the only thing that's decentralized guys if you're using a bitcoin wallet that

talks to an infrastructure provider that infrastructure provider can also stop you from doing your transactions it's the same thing like i don't understand why bitcoins don't get this it's exactly the same thing it's just that with ethereum obviously there's a lot more to do there's a lot more transactions you do on bitcoin the only transaction you're ever going to do really is sending bitcoin to and from different addresses and maybe you want to play with lightning network and you're kind of like uh sending it into that but on ethereum obviously there's hundreds if not thousands of different things you can do many people have done tens of thousands of transactions over the lifetime of their ethereum account uh and a lot of those transactions would have gone through infuria now obviously it's not something that most

users are aware of because because inferior is the default because most users will never actually touch their rpc especially if they're changing their kind of like their ethereum mainland rpc uh they might touch it to go on to optimism onto arbitram or to another kind of like ethereum compatible network but a lot of the time they're not going to change the mainnet rpc because there's just no reason to right uh and i think just a lot of people aren't aware of what an rpc is what function it serves and why it's needed and it's needed because when you have metamask which is just a client-side wallet you need to talk to the ethereum network somehow you need to to submit your transactions into the mempool which is basically the pool that uh that are kind of like miners kind of mine and that's how it

gets included into a block now how are you going to do that if you don't if you're not talking to the ethereum network and obviously syncing an ethereum full node takes a few days it's not a difficult thing to do but it's not something that we're gonna we should expect most users to to to do um especially if they're on mobile devices and things like that they have to talk to these centralized providers now there's also alternatives to the centralized providers there's decentralized ones um uh such as pocket network that's trying to be a decentralized one um there's flashbots which i i don't think flashbots is is decentralized so to speak but it is an alternative there's as i mentioned alchemy which is which is basically the same thing as infuria in terms of i guess centralization but it's an alternative at the end of the day right

there's running your own full node and then there's initiative like initiatives like like clients which would basically allow you to verify that everything's running well when you're submitting your transactions that everything's fine with the network without having to have a copy of the network uh on your device so to sort of so to speak and that would obviously be really really huge for things like mobile devices now like clients have kind of like taken a back seat over the last few years i think they'll see much more kind of like prominence in a post-merge world but still they're not uh i don't i don't think you know there are initiatives here and there but i don't think they're like that close to reality it's probably kind of like a couple years maybe sort of thing um and even then it would require the providers like metamask to include that

option things like that uh so so yeah so that's kind of like i guess uh a breakdown of everything i um you know got to do with with kind of like rpcs and infrastructure providers and all that sort of stuff and it's not just infuriating it's also things like the graph which produces which is basically a middleware layer which produces a lot of different kind of like uh things for for defy especially front ends and a lot of information that you see is provided by the graph and a lot of querying stuff is done by the graph i know the graph is trying to decentralize because they have a token they have like a i plan to decentralize with their network which is all well and good uh and as far as i know infuriate has no plans to decentralize so we shouldn't be expecting that so if you really want to

protect yourself i mean the best thing to do is run your own node and then just point metamask at your own node that is the best you're going to get i mean that is full self for an ethereum experience obviously not everyone's going to do that obviously you're not going to do it um if you're kind of like transacting from a mobile phone well then the next best thing would just be to i don't know like make sure that you know that there's a bunch of um well actually no i do know there there's a website and i can't remember the name of the website right now that provides you with with a list of rpcs that you can use and just having that website bookmarked just in case you know one of these other you know just in case something like if euro goes down or just

in case it starts blocking you in your jurisdiction you have alternatives and there's plenty of these things right now um that you know they're all pretty much centralized but i think we're going to sell a little while away before we have pretty robust decentralized infrastructure as i mentioned poc network is working on this but uh as far as i know they're not as robust as we want them to be yet uh but you know there are people kind of like working on this and as i said you can use flashbots as well which protects you against front running and and general mev and stuff like that uh too so so yeah that's the kind of like summary of everything that happened there and i just kind of like wanted to to bring up one last point is that metamask can't actually block you from doing anything like the metamask

client itself it is a sorry the minimize like browser extension it is client-side software the only way you can be blocked from transacting using metamask is via the rpc which as we've seen can happen you know infuria whether it was a misconfiguration error or whatever else blocked cert users in certain jurisdictions um and they're going to have to comply with law enforcement and sanctions and stuff like that because they're they're us-based as far as i know so don't expect infuria to uh be decentralized to preserve everyone forever um and don't expect any centralized rpc to do this because at the end of the day if the government comes knocking and says to them hey you're running infrastructure that's allowing such and such sanctioned country to do their transactions we need you to block

them they're going to block them just like a lot of defy front ends are blocking us users like for example dydx blocks us users um and they're pretty strict on it too they actually even look for vpns and stuff like that that's the front end right that's not the kind of like decentralized contracts but we do have the xs case is a bit hard because they kind of control the whole flow there but yeah this is why we basically need to do much more work on decentralizing the entire stack not just the smart contracts but like the front ends the rpcs just general infrastructure which will happen over time but i think that's the biggest risk of this kind of like industry is that if we fail to decentralize that sort of stuff and we just basically have everything defaulting to centralized infrastructure and centralized front-ends and all that

sort of stuff um it sucks for the decentralized future and sucks for the decentralized vision but i think that the saving grace is that the option is always there all right just like how i say the saving grace of l2s is that you can always withdraw your funds to l1 in case anything happens to the l2 the thing about truly decentralized smart contracts is that if you're using a centralized front end and for some reason it goes down or it blocks you from using it you can always still interact with the smart contracts do another front end or manually you know that's the kind of like worst case scenario there but that's what i find the beauty and this sort of stuff being um but still we need to make sure that we don't just coalesce around all these centralized infrastructure providers in the long term right now it's kind of

like a stepping stone but they're all very much web 2 things that i don't think have a place in web 3 long term all right so we have another merge related update today so ahead of the uh kiln test net going live next week there's a new merge devnet uh that's currently live which is merge devnet dash five so it's been launched uh the beacon js beacon chain genesis happens at 4 pm utc which is it already happened because i saw this yesterday and the proof of work chain has already been launched the ttd has been set to the really to be really high to let everyone to join pre-merge so everything can be found at devnet devnet5.themerge.dev very similar to all the other devnets that i've spoken about on the refuel before you can check out things like um

explorer the rpc all that sort of stuff i wonder if everything is kind of like launched at this stage this is the beacon chain kind of like explorer here i don't know if this is if the kind of like merge has actually happened yet um maybe i have to check the consensus monitor let's see here i'm just doing a kind of kind of live here um uh not sure not sure not sean but uh but yeah this is a devnet ahead of the um the test net going live next week so just wanted to kind of put this on your radar i'll link it in the youtube description for you to go check it out all uh for yourself all right so another banger thread from paulina today talking about das or data availability sampling which i've talked about before and you may have heard of

it before but polynomial starts to thread off by saying while das remains highly misunderstood and underrated what you should know is that data capacity is not going to be the bottleneck for much longer the medium term bottlenecks will be squarely on the execution layer i.e how much computation i roll up can process and then polynomial continues while this report is highly flawed and seems to be oblivious to the wonders of of das and the report that he's um mentioning is haseeb's report on i guess the amm test of looking at kind of like l1 performance uh via kind of like amms which i think i mentioned on the refuel recently and i said it was kind of like a flawed test but uh polynomial goes on to say uh what it does show is that monolithic execution layers are heavily limited and can only scale up to a 200

or 300 tps for multi-complex stuff like amm swaps and then the thread continues which you can go give a read here why i wanted to highlight this was simply because i want you to read this thread read the things that polynomial links to get familiar with das or data availability sampling get uh more familiar with um just data availability in general and more familiar with um bottlenecks such as those at the execution layer that um that polynomial is mentioning here this sort of stuff is obviously very technical i wouldn't feel bad if you don't understand it on the service i'm not going to claim to be an expert either you probably don't even know what data availability sampling is right and i mentioned before but i can i repeat it now it's basically a way to ensure that data is available without having to have

all the validators store all the data of the network so for example if you want to scale it up and have like terabytes of terabytes of data on the ethereum network you don't want to force every node or validator in the network to have to validate all of that and to have to store it so there's two ways to tackle that that's the data availability sampling to basically using erasure coding i believe to ensure that the data is available because that's what we all or that's what it's all about right the data isn't available then this does this stuff doesn't work and to do it in such a way where as i said not every validator node has to carry the entire thing and then you also have the um the state expiring history expiring all that sort of stuff as i've discussed before which basically allows

us to say hey if this hasn't been used in a while or if no one cares to keep this thing alive or part of the active state we're gonna expire it and it still kind of like exists there but if you want to revive it you have to bring the data back yourself and it's kind of like there's a pointer to it and you have to bring it back yourself so highly recommend checking out this thread from paulina and all the things that they've linked to in it as well so greg vardy from the nethermind team announced the launch of nethermine synthesis today which is a really cool initiative so the tldr of what nethermine synthesis is is is basically a uh as they described here it encompasses a bunch of new things that they're working on at nethermind uh and this is kind of like a non-exhaustive

list of what they're working on so for those of you who don't know netherminds is an ethereum core client the team is called nethermind they've been working on that for a while but they've also been working on a bunch of other things like warp for stock net um which is the transpiler they've been working on merge related things i mean they're they're an awesome team they've been doing so much and funny enough they've actually grown from 15 employees to more than 100 now which is awesome guys like this is all like ethereum core development stuff absolutely awesome stuff going on here uh but what they're going to be working on as part with with this kind of like synthesis initiative initiative uh is something like things like formal verification and auditing which is obviously an absolutely massive market right now guys like seriously i don't know how many of

you are developers out there or if you know about this getting a good auditor these days is both extremely expensive and you have to go into a queue basically there's just not enough people out there doing auditing and doing formal verification so it's a very lucrative industry to get into if you have the team members to do it if you have the expertise under your wing to do it fundamental cryptography research which is right up there ali right they're doing core development work both on the ethereum core protocol and also at layer 2. uh stark net development of course right as i said they've got warp which is basically allowing people to transpile solidity to to the cairo language and also protocol value which is what they've been doing you know all this time anyway as uh with it with the nethermine client now they

go into detail about this and about what they kind of um what their goals are here what they're trying to do you can jump into the kind of like blog post for details on that um but yeah i mean these guys are awesome i mean this team is awesome i didn't realize they had grown so large like i remember donating to them on git coin grants like a long time ago they'd kind of like come out of nowhere and and started developing really cool things for the ethereum ecosystem and now they're at more than 100 employees which is absolutely great to see and they're starting to i guess like monetize and and get actual revenue now i'm sure uh starkware paid them to develop kind of like warp and and all the other stuff they're doing for stark net which is which is great we obviously

want to see these core developers get paid for their work and not just paid but like an outsized portion i'm hoping they got um a bunch of those stock where future stock wear tokens that's for sure uh but they don't have to stop there i mean i'm sure they're going to be working with other layer 2's as well not just kind of like starkware given that the team is over 100 people they're going to be doing all sorts of stuff so i get super excited whenever i see this because of the fact that the core developer teams usually have the smart like absolute smartest people in ecosystem working for them and they're the ones that don't necessarily you know um not in it for the money so to speak they're in it for the tech and i think ethereum has the largest concentration of people who are in it for the tech

rather than the money and you know if you want to drill down even deeper into that you just have to look at the core teams and you'll get kind of like more into the weeds there as well so definitely really awesome to see this you can go read the full blog post it'll be linked in the youtube description below all right so polygon is teasing something called a polygon identity now obviously identity has been an absolutely massive thing especially over the last few months everyone's been talking about it you have signing with ethereum uh you have kind of like um on-chain identity things that are going on with get coin there's a bunch of things with with git coin um bunch of bunch of projects on there proof of humanity all that sort of stuff everyone's kind of talking about it right and for good reason as i've

discussed in the past you're not going to be able to have like a really vibrant on-chain ecosystem uh without identity and identity is going to be really big for things like decentralized social media and being able to kind of like carry your identity with just your ethereum address from app to app without having to kind of like change anything and also controlling your your identity and controlling all your profile information it's absolutely massive so to see polygon teasing that they're going there jumping into the identity game is really awesome because i mean as i mentioned before polygon is pretty much across everything they love to just be across everything they want to kind of like help as much as possible and we need more teams working on this like it's great to have deciding with ethereum slash you know kind of like spruce id team and an ens team and all

that sort of stuff working on it already but the more the merrier when it comes to this stuff identity is a huge thing it's not just going to be an overnight thing it's actually more of a long-term thing considering that i believe web 3 like decentralized social media platforms are more of a long-term thing but getting all the kind of primitives built out now getting more people familiar with it making sure that they kind of like know you know why it's so important is definitely uh a big deal so very cool very very cool to see this uh there's not much there's no more information on this from what i can see i don't have any inside information for you guys you guys know i'm an advisor to polygon but i haven't kind of like uh talked to them about this or anything like that so we're just

gonna have to see what this uh you know what this entails when they decide to publicly release more information about it all right so an update from optimism today where they said optimism will be the first optimistic roll-up to deploy system-wide call data compression reducing fees by up to 40 percent uh and now there's a accompanying blog post you can read about this as well which i highly recommend reading i read it earlier today absolutely awesome blog post has a bunch of kind of like metrics in it as well i can quickly show you here of kind of like all the um the compression methods that they tried and what the estimated fee savings were and what's the most pragmatic and uh also kind of like they have dates as well so this is going live on the cobain test net on the 17th of the third uh and then

on mainnet on the 24th of the third and uh also this is part of their wider kind of i guess um upgrade called optimism bedrock which is uh which is uh really slated for later this year as well but what i wanted to talk about was call data compression now this is something that i spoken about before this is basically as the name reads a way to compress the call data so it takes up less space on the ethereum main net which means that you pay less for more data that you can put on the ethereum net which as optimism is claiming here is going to reduce fees by up to 40 percent that's huge guys like as i've said to you guys like we're gonna get to the point very very soon before any of the layer one upgrades get in where these optimistic roll-ups are

going to be doing sub 10 cent swaps they're already sub 1 they're already approaching sub kind of like um 50 cents sub 10 cents swaps is a reality coming soon especially with core data compression this i mean 40 it's almost half a reduction like reduction from where they are today i mean i don't even know what what they're at today i mean i know this is influenced by layer 1 gasps as well but right now i'm just looking it up on my other screen here if i go to l2 fees dot info you can see to swap uh tokens on optimism right now is only 43 cents so if they if they take away 40 uh uh 40 from that right i'll do the math right here that's 25 cents 25 cents per uh swap on optimism that's so cheap especially compared to mainnet now

of course as i said it's influenced by layer one gas prices which are quite cheap right now 20 to 30 gray um but this is just the beginning of this sort of stuff they're going to keep optimizing not just with core data compression with a lot more other things going on and not just them obviously arbitrary is going to keep optimizing too uh but this is this is absolutely awesome to see that they're already doing this and this is already going to be deployed this month right i mean optimism kind of had a bit of a a slow start and a and a failed start because they were supposed to launch march of last year but it feels like they're really ramping up now i know as i mentioned yesterday i showed you some metrics around the arbitrary ecosystem that ecosystem is on fire it's doing

really well it's going really well there's tons of projects on there optimism is a little bit behind i think but they're catching up which is great to see and as i said to you guys before i want to see all these layer twos thrive i want to see them race to the bottom on fees because that i've said before the two main things uh that users care about are cheap fees and fast transactions and i mean optimism and option already off of the fast transactions no problems it's just getting those fees down you know to the sub 10 cent level which as i said before guys i thought i've said i think i've said before on the refill plenty of times that the sweet spot for fees from for most people in the short term medium term is is like one to ten cents i think and you can

even go higher than that for a lot of people but under 10 cents i mean come on like how like how many of the everyday users like how many transactions uh transactions are they doing right like if you're doing like 100 transactions a day which i don't actually consider to be an everyday user 100 transactions per day is more of a power user thing but even if you're doing that that's ten dollars in fees a day right if it's at ten cents per per transaction ten dollars in fees to do 100 transactions those 100 transactions that you're doing you know if you're a power user it's probably making you way more money in profit than the ten dollars that you're spending so when you contextualize it like that absolutely amazing obviously we can do better than 10 cents let's get it down to you know five cents then one

cent and then just get it down to three let's just subsidize the cost for everyone by taking them from other places which is what's probably gonna happen eventually a lot longer term not not in the short term but longer term that's what's gonna happen and then i mean i mean this is what i mean guys when i've talked about this a long long time ago on the refuel like we're up to like over 300 episodes right now but i've been talking about this since basically day one this is all coming so fast it's not it will ethereum scale it's a theorem of scaling right now ethereum is scaling much faster than anyone probably anticipated the fees are dropping dramatically every other week there is kind of like the next time we get a mass influx of users they're going to absolutely love ethereum again they're

not going to complain about the high fees anymore they're going to be able to withdraw to these l2s from centralized exchanges obviously a bunch of them already support this and they're going to have a really really fun time with ethereum which is what i love and the hilarious thing is a lot of them probably aren't even going to know they're using ethereum they're going to be like i withdrawed my funds from binance to arbitrarium i love arbitrary it's awesome i get to do everything in there and the fees are cheap and then a lot of them will some of them might even kind of like on ethereum say ah it's better than ethereum ethereum has higher fees and it's kind of like well i mean you're using ethereum technically and then you know the whole game kind of got game starts from there but uh but yeah anyway

highly recommend reading this blog post from optimism i'm super excited about them getting uh this cool data compression in i'm sure arbitrary is not far behind given uh the fact that optimism is kind of like pushing the envelope here so as i said guys competition is the healthiest thing we're going to ever in the layer two space it's going to make sure that we drop fees down to as low as we can get them and eventually long term i expect fees to be free for the end user they'll just come from other parts of the ecosystem they'll still be paid of course like it's not going to be free free um but they're going to come from other other kind of like places because unfortunately or fortunately whichever way you look at it web 2 trained users to want everything for free online because obviously in web 2 everything's

paid for via ads i don't think i don't think that's going to happen in web 3. i think the way that costs are going to be subsidized is that the apps will basically just cover the the cost for users because they'll generate the revenue and dydx already does this where basically they generate revenue from their um their exchange and they pay the gas fees themselves they don't charge users any gas fees so if you take that into kind of like a account there it it makes total sense uh so yeah very awesome to see this go read the blog post it will link in the youtube description all right so uh 16z announced today that that they have invested 17 million dollars in lido uh this is a crazy big raise guys i mean lighter has raised uh a large amount of money before from i believe paradigm led

their kind of like last race here and they did like a strategic round like an ecosystem round they've been raising a ton and you know what i mean i don't know if it's justified about the amount that they're raising but they have grown really large i mean not just with ethereum staking they do support a bunch of other staking protocols now um and they're doing a lot of great work now obviously they're not decentralized at this point in time they're still a centralized service obviously i prefer prefer rocker pool right now because it's decentralized but i think rocker pool eventually having competition in the decentralized pool space when lighter actually decentralizes is extremely healthy for for the ethereum staking space and as i've said before i don't want any one staking provider to have a monopoly on

on ethereum staking that is not healthy for the network for that to happen but the cool thing about kind of like lido is that they kind of like split your stake up uh between different centralized providers so i think that they support eight or something on ethereum providers where essentially anyone who chucks their ether into kind of like lido here that eth goes to one of the eight centralized providers and they kind of like work hard to balance that out and instead of just going into one kind of like large pool now of course uh because lighter issues you an st kind of like um eat token or a staked eath token it does go into a kind of like pool in that sense uh and there are kind of like risks around that and obviously it's it's centralized because it's with centralized providers uh but still i

mean this is a this is an absolutely amazing raise for for a team that seems to be you know doing uh doing a lot for ethereum right now in terms of making it easy for users to stake uh but one thing that i i've seen people say is that they think lido is decentralized today they're not guys like from everything that i've read from people that i've talked to like i've tried to get to the bottom of this to make sure that i'm not missing anything but no lido is not decentralized today and that's fine i mean they do they have they have got a plan to decentralize in the future they've actually got blog posts about it you can go read it on their medium um but it's not true to say it's decentralized today uh but as i said that's fine for now i guess congrats to

them on this on this massive monster race here i'm sure they're going to put it to good use and a16z is obviously a big backer as well he has so cool to see that too all right so last up we have a tweet from a walkie from get coin today who said hey everyone i have an idea what if we use web3 technology to make a utopian future instead of a dystopian one this is i think a constant back and forth within ethereum within crypto within like just the community in general where there are some there are good days and bad days there are days where like yeah this technology is awesome it's empowering all these people it's allowing people to kind of like you know get out of war-torn countries but with their wealth and all that sort of stuff and that's all well and awesome

like obviously that's what we're building for and then there are days where we see scams and rug pulls and bad stuff happening on chain and people doing bad things on chain and scam is getting away with everything and scanners making tons of money right and i think what a wookie is trying to get at here is that we have the power to both kind of like promote the good and change the bad and we have to use this technology in such a way to promote that utopian future instead of creating a dystopian one can it be done don't know right maybe it can't be done but we've got a damn well try especially i'll walk you with git coin and with all the other stuff he's doing he is very big on this he's trying his ass off to make sure that we head down a brighter future and

i actually believe that you can harness a lot of the quote-unquote bad things of this industry in a good way i've talked about regenerative finance before which basically harnesses the kind of like degenerative aspects of this industry and essentially kind of i guess um funnels the the kind of funds into the the regenerative regenerative aspects and an example of this is kind of like when i did my nf team mint and donated all the funds or most of the funds to uh core developers i i mean i don't think anyone degend into my nft there were some people that did some people that bought kind of like a lot of them trying to resell them on the market but i basically harnessed that activity of people wanting to speculate on an nft or wanted to kind of like ape into something uh and basically turned it

into a regenerative thing where core developers get the most of the eighth that was that was kind of raised there so there's a lot of examples of this happening obviously within get coin they do matching rounds and a lot of those matching rounds all that money comes from the speculation that goes on in this industry now speculation isn't a bad thing i'm not saying that at all it's not necessarily a degenerate thing but we're harnessing those kind of like aspects for the greater good for the public goods and as i said there's plenty of examples of this happening right now there's going to be more and more as time goes on but we have to be very very careful with how we approach these things and we really don't want to recreate the same world that we have today as i mentioned earlier when i was

talking about the inferior stuff let's not recreate web 2 you know where everything around the protocols is centralized right because at the end of the day it's not going to matter that ethereum is is is decentralized if everything built on top is centralized because uh the the matter of the fact is that people will use those centralized tools and then they won't be able to kind of like experience what we built this technology for in the first place we tried to have decentralization and as a kind of like extension of that security and to basically take control of your own everything you know not just your own funds your own identity all that sort of stuff uh which obviously we want uh that future to be so let's keep working out that i'm gonna try everything i can to keep educating around that and keep working towards

that i i get you know why people kind of like a bit negative on this or kind of like a bit defeated on this because they see all the kind of like dj and stuff going on and the reality is that most people are in the indian ecosystem to make money but as i said we can harness that we can turn it into regenerative stuff it's on us it's all coordination as a wookie says we can do it guys like i am very confident that we can i i genuinely have an optimistic outlook when it comes to humanity even though you know the media tries to basically portray things as uh as worse than what they are uh and obviously right now in the world we need more optimistic thinking there's a lot of going on right now obviously with the war and stuff like that and uh you know where

you know a lot of us are sitting in our comfortable homes just watching this play out like it's actually wild as i've said in the past to what basically be able to sit on twitter in my study surrounded by all my kind of like you know my pleasures and just watch people get bombed literally right watch people kind of like lose their homes have to escape wartorn their wartorn country for basically no reason right for just just just because someone wanted some extra land so i'm not going to get like into the weeds there but that's just an example of what i mean where i'm kind of like you know try to be optimistic i know why you know you can't but at the same time focus that energy on trying to make better things within ethereum within crypto trying to make sure that we kind of like don't repeat the

mistakes that we have in the web 2 world and in kind of like the real world as well but i think on that note i'm going to leave it at that for today so thank 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 next week thanks everyone