Ropsten merges successfully, Gitcoin Grants 14 live - The Daily Gwei Refuel #382 - Ethereum Updates

Transcript

hello everyone and welcome to another episode of the delegate refuel where he capped the latest news in ethereum ecosystem i'm your host anthony sosano and today's the 9th of june 2022 all right everyone let's get into it so the robsten emerge has happened i was watching live on the eatstaker live stream i'm sure a lot of you were as well it happened around i think 2 30 a.m my time uh there was a bit of kind of like trouble getting enough hash rate onto the network in order to make ttd happen faster but we got there in the end the merge transition went through very smoothly i think i don't think there were any major issues there were a few minor issues with um i think nimbus and teku had some configuration issues which just just required a kind of um a config change and a restart of the

clients there and that was all well and good but the transition itself happens just fine you can see here kind of like the the picture um basically the dashboard showing it happening and then you've got the little pandas there with uh proof of stake activated as well so uh i don't know i don't know what to say guys like i i obviously have been talking about this for for a while now and i was just super excited to see kind of like this play out it reminded me of uh the madasha test net on the when the beacon chain the madasha beacon chain test net from from way back in the day uh my level of excitement was insane and obviously we still got another you know two more public test nets to go until main net but i don't even know what i'm going to

feel when it gets to main net like i've been talking about the merge for so long and we know we've we've been waiting for proof of stake since basically day one of ethereum uh it's been such a long time coming and we're so so close uh but yeah it was really awesome being on the um on the stream with everyone there's a bunch of people on there uh in in kind of like typical typical vitalik fashion he had a really bad mic um i think it ended up being the cable or something like that and i put out a tweet where i said vitalik probably announced the main merger date but we all missed it because his mic is so bad so that was that was quite funny um but yeah just generally good vibes all around we had jonathan mann the singing songs for us as well right up until kind

of like the robinson merge happen now there's a couple of things i wanted to talk about with regards to the kind of robston merge here so this is the block explorer for uh the beacon chain the robston beacon chain uh basically so you can see here basically the most recent epics and then the most recent blocks so whenever you see kind of like proposed that means everything went well and go uh when you know all while and good the um the block was proposed and the network is functioning it's all fine and then you got scheduled obviously that's the kind of like upcoming block and once that gets proposed there'll be another one that's scheduled now the epics are basically there's a one epic every six six minutes to epic make a finalized chain so when one epic is complete the chain is that does what's called

justifies and then when two uh goes through in 12 minutes the chain finalizes and we have that economic finality with two thirds of the stake basically making sure that we can't rewrite history there will make it very expensive to rewrite history now what i want to focus on is this percentage here so this is basically the percentage of validators that are kind of participating and voting on uh on kind of like on these blocks right now when you kind of look at these sorts of stuff and people kind of say oh only 85 percent instead of like 100 right or only kind of like um eighty percent instead of 100 whatever percentage it is it doesn't mean it could mean two things right like it doesn't mean that there's like a critical issue with the network or anything like that

so what it can mean is that either the block explorer is bugging out or having issues that happens more often than not but um what it what it can mean otherwise as well is that some kind of like portion of the network has gone offline for whatever reason and that's why the participation rate has dropped so it was i think about 80 85 percent when the merge happened and that was because nimbus and teku dropped off due to their configuration issues but the thing is it wasn't actually a problem with the network it was just a problem with specific clients this is why we have kind of like the multi-client architecture so that we don't have um a kind of like these issues happening with just one client because then obviously the whole network will go down so the network is more resilient because of this so i saw

people pointing to that and being like oh that means the merge didn't go through perfectly the rob's immersion go through perfectly that's a that's kind of like a bug no actually that's actually it functioning as intended and a configuration issue is is very very simple to fix it's just you know fix the configuration restart the the node it's uh or restart the validator it's very very simple to fix so that's not a big deal and you know if you go to kind of like the um the regular beacon chain website here i'll just bring it up on my other screen here i've actually got this in dark mode sorry for blinding you guys but uh you can see on here basically participation rate is 99.6 99.7 and that's obviously because of the economic um uh incentive to be online and to be validating because if you're

not then you're not making rewards and that's another reason why this thing would drop to maybe 85 90 or even lower than that on test nets is because there's no real incentive to do it on a test net besides kind of like altruism right like you're not getting any money to reward for it so why do you care like but on main that you care if you're offline um you start getting leaks and you start losing eighth and you're not even you're not earning eight so obviously it's a very bad thing so you wanna be online and that's why we see the participation rate being so so high here and if for some reason one of the clients is taking too long to i guess like fix their issues um especially kind of like on main net then people will just switch to another client right and just get back right

back into validating so the ethereum beacon chain has been designed to be as resilient and as possible so i just wanted to kind of like point that out there but in terms of a full kind of like early summary of how the merge went from a core developer perspective uh you should definitely read this thread here from uh parathos uh which you which i'll link in the youtube description it basically just gives like a high level uh kind of summary of what happened with the robson merge how it went what they looked for obviously it's going to take a few more days of kind of like analysis to give like a full breakdown of how it went and what happened there but from what i can tell it went very very well uh i didn't mean to rhyme but there it is um it went very well uh as i said

they're only those minor minor issues the merge transition happened as it should and i think we can move on to sepolia and gurley in you know two to three weeks for i can't the thing is i'm having conflicting information about which one's next some people are saying girly some people are saying sapolya and we're gonna have to see like which one there it is but i mean it doesn't really matter at the end of the day uh but yeah so polio girly and then there's gonna be a two to three x between those and then hopefully uh they'll go well as well and then and then we'll set kind of like uh finally set a main net merge date which ah guys i don't even have to kind of like go on about it anymore but uh but yeah i'm i'm just so happy that the

robston merge went through so so you know i mean i don't want to say uneventful but like it just went through as expected right it wasn't like we uh something unexpected happened it wasn't like the the chain came to a hold it wasn't like it didn't work it worked very very well and there was only those those kind of like minor issues there so definitely very cool to see i'm looking forward to the full breakdown uh from kind of like the core developers uh maybe like a post-mortem of kind of like what went right what were the kind of like little things that went wrong um and kind of like how that's being fixed i think there's a couple other issues as well that parathos kind of um talks about here but apparently the fixes are already being worked on for them so yeah i mean this is nothing like i did say

yesterday or at least the day before that rob's the robston merge would kind of like give us a better indication of timelines here there is a core debs call i believe this week um or next week i can't remember off top of my head it's either this week or next week which is going to give us even more insight into it but from how the robstone merge went i don't think there's going to be that i don't think there's going to be any kind of like um change to the timeline that i've put out so far which is the september merge but we'll have to see uh what was said on kind of like the core developer call which i'm sure they're gonna they're gonna hopefully schedule the next test net merge on that call uh but yeah everything went very well guys i am so

happy with how it went i am so excited the fact that we get to do this two more times on the test nets and then on mainnet super exciting like and there's going to be more calls as well i'm i'm hosting one of them hosting this polio call which is either in three weeks or i guess like six weeks right um so and then it's gonna obviously be a call for mainnet as well so calls abound it's gonna be very very fun and i'm glad you're all uh on on board for the ride here so just before i finish up on uh talking about the merge related stuff we've got here tim biker put out a tweet saying with robston now on proof of stake friendly reminder that many test nets will be shut down by end of the year kiln will shut down after

its main net merge sorry after main net merge rinkeby won't be merged shut down by end of vr and robstem is merged today obviously and shut down by end of year as well as well the only test nets that are going to be maintained post merge are girly and sepoia so if you're a developer or anyone that actively uses a test net for whatever reason just keep this in mind just kind of like a quick shout out there all right so related to i guess like the merge and and um kind of like people of stake ethereum in general i put out this tweet where i said it's weird that people think ethereum is hot swapping its consensus to something totally new and untested the beacon chain has been live as a proof of stake network since december 1st 2020 it will have been over

18 months by the time the execution layer emerges with the consensus layer now december 1st 2020 begin chain goes live that has all this ether steak and since then it's just grown there's literally billions of dollars tens of billions of dollars at stake in in the beacon chain right now yes the beacon chain isn't coming to consensus on anything except itself it's blocks are empty there's no transactions in those blocks right there's nothing kind of like um a value being generated there but there is still tens of billions of eighth being staked on the beacon chain right they're still kind of like at risk if there was something wrong with the beacon chain now uh since december 1st 2020 there has been a few bugs here and there that have been kind of like prepared and it's been it's been mostly uneventful right like

things have just been running really really well we've had we had the first kind of like hard fork on the beacon chain a little while ago that went through just fine and it's next hard focus coming up get to get it prepared for the merge and uh yeah so when people say that uh we're kind of like uh implementing proof of stake on ethereum without testing it and and it's you know it's as if it's something totally new that's completely wrong it's not new it's not untested it's been by the time the merge happens it'll have been about 18 months or probably over 18 months since that beacon chain went live and that's what we're kind of like hot swapping in and getting rid of proof of work obviously now in saying that it doesn't mean that the big enchant is perfect it doesn't mean that there are

there could not there could be no bugs in the future obviously we're going to keep upgrading we're going to keep introducing new things that could lead to bugs as well or there could be dormant ones that get found later but that's just par for the course that that goes for every piece of software in the world like that's nothing unique to the beacon channel to ethereum so i just wanted to kind of like lay that out there that it's just silly whenever someone says that it's new and untested because the whole reason of setting up uh the beacon chain first without doing uh without kind of like just changing ethereum to proof of stake in in one fell swoop was to make sure that this this kind of like new uh uh you know uh uh uh consensus mechanism or a new proof of stake kind of like

mechanism that had been that is on the bleeding edge of of kind of like uh of proof of stake was tested over a long period of time and and and allowed time to bake so to speak before we kind of uh put a merge the two layers together so that was the exact reason why it was done uh but yeah just wanted to kind of like highlight that for you guys all right so there was a bit of a drama around optimism today so the tldr is that apparently with their the op token they sent 20 million op tokens to a market making firm called wintermute uh and they sent these tokens to wintermute's multisig uh address uh which they kind of like um they created a gnosis safe kind of multi-sig wallet for this but the problem was that uh wintermute created

this wallet on layer 1 ethereum where as some of you may what may be aware the op token does not exist on layer 1 ethereum it only exists on layer 2 on the optimism network now what happens in the old versions of nosy safe which is what what winter mute was using is that if you deploy it to layer one someone can then or an attacker can then actually deploy it to layer two and and and calvin victor here goes through the technical breakdown of how this works in this thread here but that's exactly what the attacker did they were able to deploy it to layer 2 which means they had technically had access to those 20 20 million um op tokens that were winter mutes uh and basically were able to i guess sell a bunch and then they sold sorry they sent some to or i think they

sent a million op to vitalik for some reason i don't know it was a bit messy um and of course the price of the op token has dropped because of this as well but yeah just a very um it's very weird kind of like exploit here very weird bug here that you don't see uh you don't see often and unfortunately this should not have happened like i mean realistically this shouldn't have happened like winter moon should have known that uh they needed to deploy this uh notice safe on layer two on optimism because the opi token didn't exist on layer one and optimism the optimism team should have probably double checked this right so there was a bit of kind of like failures all around i think this is kind of like the bystander effect where everyone just assumes that everything was all well and

good and it kind of like went through but again everyone kind of like makes mistakes yeah i'm sure they're going to learn from this and kind of like learn this learn a very very good and serious lesson here uh but yeah just something i wanted to highlight for you guys because i thought it was noteworthy and definitely check out this thread from calvin victor here to basically breaking down on a technical level how it works i love his threads like i'm not super technical obviously not a developer uh but i love his technical threads because it allows me to read through it and then get like a better understanding of how it all works and it's it's actually pretty cool to kind of like see it all broken down the way calvin breaks it down so definitely go check this out if you haven't yet um i think the latest is

that winter mute offered kind of um a white hack bounty or something and basically said that you know if you return everything uh and return the kind of like funds we'll just let you go and we'll give you like a bounty uh whereas they said if you don't return the funds you being the attacker then we're going to use everything at our disposal to basically publicly dox you and have law enforcement go after you and all that sort of stuff there look if i was the attacker at any of these scenarios i would just take the white hat white hat bounty because when you think about it right not only are you at risk of being doxxed um you're also going to find it very hard to ever cash that crypto out like the centralized exchanges are basically

just going to blacklist the addresses that yes you can run it through tornado and things like that but i mean you got to do it like slowly and depending on the amount of money it is it becomes really hard and then that leaves a trail leaves breadcrumbs behind and channel analysis companies can potentially do pattern matching and things like that to de-anonymize you so it really just isn't worth the hassle and risk i think at the end of the day i think taking the white hat bounty is worth more and this is why bounty programs actually need to be a lot larger optimism is pretty big already but like in general if the team can afford it their bounty program should be much uh should be very very big because that works as kind of an incentive to be like okay well you know here's a million

dollars if you find a critical bug or two million dollars if you find a critical bug in our code um you know and rather than like the attacker being like okay well i can steal 100 million but how am i going to cash it out like realistically cashing out 100 million to uh kind of like fit into getting into your bank account and being able to spend it is going to be extremely hard and depending where you are you're going to have to declare that as um as kind of like taxable income and there's so much that goes into it right like it honestly like it really doesn't pay to be a criminal um just because you live in fear as well at the end of the day like so just take the white hat uh bounty and just take the bounty in kind of like my mind um but i guess like

first don't hack projects like if you find a critical bug in it if they've got a good bug bounty program um you know that's more incentive for the attacker to report it but i think that if the bug money program is kind of like shitty say for some for some of them that the um the program is 50 000 for critical bugs well i mean if you stand to kind of like maybe make 10 million out of it then you're probably going to take your chances with that because you're not going to go 50 50 000 because it's just not not worth it and i'm just trying to put my mind in kind of like the mind of an attacker here and then it depends who it is right we saw with uh the ronin hakka it was actually the north korean um uh uh hakka group uh lazarus right

they don't give a [ __ ] right they don't care at all they're just gonna steal the funds so i think this just applies to maybe just individuals or small groups that maybe aren't kind of like nation states right because the nation states don't care uh but that's a whole different kettle of fish i'm not even not even gonna kind of like reason about that but when it comes to individuals and small groups they you know definitely should um should count if i consider the white hat bounty uh here all right so an interesting tweet here from rodrigo who works for legal at paradigm uh where he said there's a uh there's been a lot of great content about legal rappers for daos recently and we'd like to one uh to add one more to the mix the dow legal entity matrix and you can find this at

daos.paradigm.xyz here uh which basically gives you more detail into it but for the sake of kind of like just the video today you can see kind of like images of uh legal entities for taos and like how they kind of like can get wrapped in these entities you can see here that with no legal entity obviously it's just down members kind of like uh all scattered around there right then you have like an llc wrapper which you have the dow members but then you have an llc which is a limited liability liability corporation in the us uh wrapped around that right and then you have other things like you know an ownerless foundation where you have a foundation that uh dao that is kind of like affiliated with a foundation but there's no kind of like direct connection there uh and then yeah i mean

you can go through all these but basically this is pretty cool because i think as i've discussed before for the the doxxed us-based teams like especially us-based teams they're going to need to look at this and think through this like very very carefully uh because if they want to be a dow if they want to have a token if they want to be able to drive value to that token they're going to need some forms of protection here that's the whole point of something like an llc right limits the liability of the person or the people running the company or running kind of like any entity right any for-profit entity so from from that perspective i like seeing things like this especially when it comes from uh you know places like paradigm which obviously uh you know there's a very big concentration of our gigabrains at

paradigm but uh if you want more information about how all this could work uh potentially you can definitely check out this table here on their website which i'll link in the youtube description but this is daos.paradigm.xyz here which goes into much more detail than i will today on on this episode uh but yeah i thought this is very very cool dao's is a another area that i try to pay attention to but just don't have the time to pay attention to especially because like it's exploding as fast as anything right now and i think there's a lot of noise there too just like anything right but i think you know for those of you who have watched my um interview with the stake borg dao uh basically my my general view on dows is that from the highest levels people have the wrong idea about them they think that

dao's are basically anarchy no no dao's don't have to be anarchy and they shouldn't be anarchy when it comes to diaz they should have leaders they should have coordinators it doesn't make them centralized but you know if you have a if you just have anarchy within the dao what ends up happening is that the leadership void gets filled by the worst people or the treasury just gets raided or the project goes nowhere or the token goes nowhere like there's so many negative kind of consequences because of it so i think that having leadership and coordination within a dao is critically important to the dao and that's you know pretty much related to what paradigm has put together here so definitely check out this it'll be in the youtube description below all right so something i came across today which which is called a morpho uh

compound so if you have a position on compound finance you can now upgrade your yields using morpho uh compound which is live at compound.morpho.xyz so basically uh it's a lending optimizer here morpho uh is a lending pool optimizer it means that by using morpho one up can upgrade its positions on link protocols such as compound or rv with peer-to-peer liquidity uh and today they're announcing our morpho compound here so why would you use it well as i said optimize your yields here i'm sure this comes with we're kind of like more risk and everything like that which uh i i think at this point you guys are well aware of but yeah if you are interested in kind of like uh going and checking this out and using this if you have a compound position open you can go to compound.morpho.xyz and check it all out

here connect your wallet all that good stuff uh as well you can even claim your comp tokens through this too which is which is pretty cool to see so i just wanted to kind of like hide this because something new something different that i hadn't seen before uh i'll be keeping an eye on this to see uh kind of like how it evolves from here all right finally we have an interesting tweet from justin drake today who was comparing the electricity consumption estimates of uh of different kind of like uh entities so you got the world which is 25 000 uh terawatt at the terawatt hours i think terawatt hours uh bitcoin at 244 terawatt hours which is 0.8 percent of the world's energy usage which is pretty insane right ethereum at 85 terawatt hours which is 0.34 of the world's

energy usage and then later on um justin kind of like provides some alternative sources which quotes that bitcoin is 60 lower than it is here and ethereum is about three times lower than it is that it is here so the the rough big picture crypto electricity consumption is around uh one percent i guess ethereum would be what 0.1 percent of that or something like that right still pretty crazy when you think about it but but yeah it's there and this and as um justin says yeah this electricity consumed to produce the rigs is not accounted for either and all the waste that comes from the from the rigs too so the reason why i'm bringing this up is because he put out another tweet where he said ethereum post merge is 0.000 of the world so basically the costs become

negligible for ethereum kind of like post merch here and it just completely collapses it which is pretty crazy right i mean i've mentioned this before but i think there's going to be a [ __ ] ton of gpus that flood the market the the gamers are going to love that uh there's going to and they're not going to be gpus that have been worn down or anything like that um has actually explained this before where basically with gpus for mining they actually have to be run um kind of like underclocked because they're more efficient that way so they're actually not kind of like being kind of just beaten down and that you know they're kind of like uh not not great to use later they're perfect they're fine to use later so there's going to be tons flooding the secondary market but there's going to be some electricity

companies i reckon electricity producers that are supplying these kind of i guess mining farms and they're going to take a little bit of a hit here right like especially if ethereum just say accounts for 0.1 of the world's electricity usage that's pretty that's that's pretty that's a lot guys like i mean i know it doesn't sound like a lot because you know say 0.1 but you're talking about the world's energy usage like the entire planet right like it's it's a lot so there's there's that aspect to it as well and then obviously the the positive narratives you know ethereum is green ethereum is no longer proof of work um and now we can kind of build on the theorem because we don't feel like we're destroying the planet all that sorts of stuff like narrative or or truth it doesn't matter right the narrative i

think the narrative matters more than the reality or truth when it comes to this and i've had this discussion on the refuel before about proof of work is it good is it bad is it kind of like um is it killing the planet blah blah but i mean in my mind i don't get i mean my play of this is not to get too involved with it for me i don't like proof-of-stake because it loses less energy like that's not that's not even something that i really think about too much i like proof of stake ethereum proof of stake um not not every purpose like just ethereum's people mistake because it is such an elegantly designed system that optimizes for so many good things right optimizes for liveness it optimizes for um for kind of like resiliency it optimizes

for security like economic security and it just makes sense right it punishes the bad actors it lets us kind of like fork out like really bad actors that are trying to spawn camp attack us and all that sort of stuff so that's that's kind of like the main reason why i'm excited about it rather than the energy used reduction which is a bonus in my mind like it's getting reduced by 99.9 percent nice little bonus but the rest of proof-of-stake related things is with regards to ethereum is what i'm most excited about but still cool to see justin do this comparison here again these are just like really rough estimates you can't get like an exact picture it's very very hard to get an exact picture of the electricity consumption but we can get estimates and the estimates are still pretty pretty uh pretty high right so once ethereum goes

off proof of work drops to basically zero percent gonna love to see it right all right so uh robin here from uh liquify liquify which is kind of a toke investing uh dashboard here has put together a thread uh where he started with thinking about launching a token in this market or granting future tokens to employees and investors we did some analysis on the latest economics benchmarks and trends to help you plan your critical token decisions now i don't think you need to read this just if you're kind of like planning to issue a token or part of a team that's planning to issue a token you should definitely read this because it's just a super interesting thread about tokens in general and i'll link it in the description for you to do so but basically this chart really kind of like stood out to me you can see here that

this chart shows token distributions or token allocations uh from 2017 to 2022 on the left-hand side 2017 you can see that 55 usually went to public sale which was obviously the ico mania but then over time this number has been shrinking and is basically non-existent now in 2022 um only three percent of the token allocation goes to the public sale are kind of like on average here right uh the biggest share is actually now community incentives or distributions aka airdrops and liquidity mining then second place would be company reserves or treasury uh uh fourth is core team and third is investors so i think this is an interesting view of things right guys like when you kind of look at these sorts of

stuff like people will say oh you know it was better in 2017 and then some people say no it's better now i think there's a very nuanced discussion here i don't think there's any right answer as i've discussed before token distributions are very very hard to get right but i don't think icos were a net positive honestly like just because things are available for public sale doesn't really mean anything so let me give you some few examples here there are plenty of tokens that were sold majority in a public sale or an ico a lot in a public sale and ico that are down a lot from their all-time highs or just from kind of like just in general and that's because the project didn't actually go anywhere it didn't

have any product market fit it doesn't matter how good the token distribution was the project was just [ __ ] right so this is kind of like what it's all about like the token distribution i think is important but it's kind of like secondary like the primary thing is is the product actually good because if the product is [ __ ] doesn't matter how good your token distribution is it doesn't matter if you give 100 to the community like it's still going to suck right the token is not going to accrue any value or it's going to include very little value so i think the primary thing that people should be looking at is the product itself first first and foremost right then the secondary thing is token distribution which i think is very very important but nowhere near as important as actually having a product that people

want to use and having product market fit that's the most important thing out of any of these sorts of stuff right so then from there we can reason about the new in the new reality of 2022 community incentives or distributions is this better than icos uh right like i mean air drops most people just sell them the incentives the liquidity mining people just farm and dump so er i mean the net results are basically the same like icos basically became that people would just buy and then sell on secondary because it would pump because you'd get in early and then just kind of like um dump on everyone else so yeah that's all i can say and then the rest of it didn't really change since even 2018 right so investors core team company reserves i mean that's all stock standard stuff some people will argue

that investors get too much people argue that core team gets too much this is just much lower than you know non-crypto companies guys like in terms of um a share of the of the um of the company or i guess the protocol here but i think it's that 44 or including the the company reserves or treasury 66 that should be the main focus here i think that's what we still need to kind of like get right because at the end of the day you need to basically make it so that on net more people want to hold and buy the token that want to kind of like farm and sell it or just sell it in general and i know that may be obvious but like that is literally the equation like how do you get more people to actual how do you produce more demand

for the token than there are there is uh kind of like um supply on the market or people kind of like selling right it's just a supply and demand thing it's extremely extremely hard to do like it's not an easy thing to do like it took i mean even eth right that which today is in my mind the most bullish asset in crypto by none still went down 94 from its all-time high from in 2017 because it went up a lot due to its kind of like hype cycle came down 2018 2019 and then went down 94 percent and then came back only because ethereum survived right ethereum the network survived ethereum the network actually found use cases like d5 like nfts like dao is like all these sorts of stuff and it is an asset has amazing tokenomics with one

five five nine with you know with staking with with getting monetary premium all that sort of stuff so you see how that works right none of that stuff would have happened if ethereum as a network didn't have product market fit if it was useless ethereum as a network has one product it's a block space everyone freaking wants ethereum's block space that's why the fees are so high so you see how that works right the theorem product came first then the token came second now yes obviously ethereum's token distribution is is is much better than pretty much you know any token except maybe bitcoin but i don't think that would have mattered and it didn't matter when ethereum wasn't uh actually a popular product which is during the last bear market in 2018 and 2019. so when ethereum did become a popular product when we had d5 summer when we

actually had uh ethereum block space commander premium and gas base started going up that's when either as an asset also started going up and you can map this pretty pretty closely actually so yeah just kind of like i think making those connections can help you a lot but yeah go give this some thread a read here from robin it's very very good i should disclose i'm an investor in liquefy as well here just going to get that out there but the thread is very very interesting and it's related to a lot of stuff that i think about pretty regularly as rao as well when it comes to like token distributions and things like that all right so finally here i just wanted to say the git coin grant around 14 is now live thank you everyone that has donated to the delegate and ether so far

i really really appreciate it as always but don't just donate to me donate to all of your favorite projects you can go to getcoin.com uh slash grants explorer there are millions of dollars up for grabs i think it's three million dollars in this round up for guys which is crazy so definitely go donate to your favorite projects get your donations matched and that matching comes out of the three million dollar pool there uh and support the public goods because public goods are goods and the only good maximalist is a public goods maximalist that's like my motto these days but uh yeah i just wanted to give a heads up to you guys that it's now live so definitely go donate if you haven't yet but on that note that is it for today thank you everyone for listening and watching be sure to subscribe to the channel if you haven't

yet give it a thumbs up subscribe to the newsletter join the discord channel and i'll catch you all tomorrow thanks everyone