UST implosion, Optimism growth and more - The Daily Gwei Refuel #361 - Ethereum Updates

Transcript

hello everyone and welcome to another episode of the delegate refuel where we cut the latest news the ethereum ecosystem i'm your host anthony designer and today's the 10th of may 2022 all right everyone let's get into it so i think you all know what i'm going to be talking about for probably the next 10 15 minutes and that is the absolute craziness that went on over the last 24 hours um i guess like not in the ethereum ecosystem but like in the crypto ecosystem more broadly now if you've been living under a rock over the last 24 hours you won't know what i'm talking about but the trdr is that the ust a stablecoin basically imploded uh on itself it went to like 60 cents i think it it bottomed out at i think it's a currently 90 cents so it's still off peg and it imploded exactly the way

pretty much everyone said it would now the reason why this was crazy is because it took the rest of the market with it there was a lot of contagion risk here um some of the reserves that were kind of like set up to make sure ust got off peg included bitcoin so btc which was sold i think there was a billion and a half worth of btc sold to try and defend the peg uh there are a lot of other kind of bigger players buying into it trying to defend the peg and selling off other assets like the other not not the last 24 hours but i think a couple days ago uh jump which is a prop trading firm within within crypto sold like a lot of eth to try and kind of like keep that peg stable there and yeah it just didn't

work there was just too much cell pressure the lunar token went down over 50 percent uh you know over the last 24 hours just a crazy kind of like uh volatility there for that ecosystem and as i said it's still not back to peg confidence is completely lost in it in my eyes like people are trying to equate uh ust with usdt saying oh usdt the being tether has lost its peg in the in the past and it's been fine but they're two completely different things to me right i mean ust is what we call an algorithmic stable coin usdt is just a centralized stable coin with uh kind of like assets backing it now whether those assets exist or not has always been a debate over the years in crypto but uh you know maybe in in usdt's kind of like case it it helps

that no one really knows right so but but they're just completely different kind of like things there so what i wanted to kind of like focus on was a few different things got to do with this uh in terms of kind of like being a kind of like diving deeper into all the mechanisms behind ust and how it all works and that sort of stuff i'm not going to go through that today i'm going to direct you to this blog post here that you can read from m hon calzello i hope i hope i said that right um it's basically just like a short blog post going through what happened to ust and kind of like how it all works so definitely recommend giving this a read i'll link it in the description for you below there but one thing i really wanted to focus on was

this kind of like trend that doesn't just exist within crypto obviously but it's pretty pronounced in crypto of these kind of like cults of personality right and i think i've spoken about this on the refill before but crypto loves their cults of personality they love the the the um especially the first cyclers the the kind of like noobs they love looking for someone that's kind of like promising them all these things usually got to do with making money and just like completely latching on to that now a few examples of this it's like charles hodgkinson right from cardano definitely a massive cult of personality around him danielle sesta before that kind of um whole ecosystem exploded as part of the frog nation andre cronje with obviously his old ecosystem that he was building before

that imploded there's there's cal and and and i guess recently doe kwan from terra and he hasn't tweeted over you know in a while now he used he was tweeting over the last few days like posting basically uh kind of like calling everyone out insulting everyone and now he hasn't tweeted in a while because the thing actually imploded and probably doing damage control and all that sort of stuff there but the theme is the same right there's always this kind of big personality charismatic extremely ego driven that's kind of like the a big trend amongst them all that uh manages to build a following um maybe that's because the token that they're associated with has gone up in price and the people kind of like holding it obviously feel richer and they're like attributing that wealth creation to this individual uh

and then they kind of like just follow them right and it keeps getting bigger and bigger and bigger but pretty much every time it has ended badly like i don't know of any big cult of personality within crypto that have ended well like and and this isn't just kind of recent this is like over the years it has happened uh and you know it just never ends well and that's why i always kind of like have a really big issue with this and it's kind of hard to fight these kind of like people as well because when everything is going good and people are making money you know you can't speak out they'll just gang up on you you get like ratio you get kind of less like you get silence basically you get kind of like pushed down and it just there's no motivation to speak up in that case

that's why on twitter i haven't really been public about my bearishness on something like ust and how i think the mechanism was fundamentally flawed and that this scenario would exactly play out but if you've been following what i'm saying on discord or just like privately with some of you maybe i have been calling this out um for a while now like it just was obvious to me that this was gonna happen uh i mean ust is not the first algorithmic stable coin to go you know to to d peg and to go not to zero i mean it's not zero yet but like to crash and it won't be the last i mean there's plenty of examples um especially from like d5 summer of this playing out and we kind of like learned our lesson back then uh at least uh the kind of like veterans learned our

lessons back then but a lot of the newer people they they don't know those lessons right all they see is number go up and they get excited and like oh my god i'm making so much money this is awesome and they kind of buy into these narratives and one of the big narratives around ust was that it was a truly decentralized stable coin and i called this out i was like no it's it's not right like it is not a truly decentralized stable coin at all like it there's so many centralized points of value within ust not just within its mechanism itself but the terror blockchain is not decentralized like it is is basically deposed with a few validators and these validators aren't even good like i i am i saw some stability statistics around these validators today and they struggled because everyone was trying to obviously

go for the exits with um with the with the stable coin crashing in with lunar crashing and all that sort of stuff so like you're just taking all this together and it's just it's it really is crazy like it's it's crazy how how fast this thing moved as well and how i guess like some entities within this ecosystem you know the uh the like as i said like jump and a few others out there are kind of like willing to defend this thing and willing to make sure that it doesn't explode for for one reason or another or but yeah it's just been kind of like absolutely crazy there's some i mean there's so much i could i could talk about here and so many different directions i want to go and i want to go in but i think the cult of personality thing is key because

it happens every time right every time one of these things gets popular inevitably kind of like fails and you just have to wait like it's kind of like it's not a matter of like if it's going to fail it's like when um and and i i'm sick of kind of like this stuff happening i know the ecosystem is a permissionless one and it's permissionless to build in but like frankly i'm sick of like sitting there trying to build or trying to support builders of sustainable things and just getting called out for it like it i mean you guys know like i get called in 8th maxi all the time anytime i kind of like call out any of the other ecosystems i get called an ethmaxy but let's take stock here for a second right solana did exactly what i said it was going to do

not just me but like a lot of the people that get called ethmax's did exactly what we said it was going to do it was going to buckle under the load because they don't have a free market to regulate demand the network's fallen over multiple times it has stability issues all the time avalanche the c chain we said that the fees are going to go up with more usage because it's just a geth fork right just an evm fork what happened the fees went up terra obviously we said that it was gonna kind of like implode because the uh ust is gonna implode because the mechanism behind it is fundamentally unsound again that played out like i mean i could keep going i'm not trying to inflate my own ego here and as i said like i hate these cults of personality that form around

people and the egomaniacs but like at some point i kind of like i look at it and i'm just like like it's not that we're trying to be right it's not that we're trying to be like i told you so it's that a lot of the people in the ethereum ecosystem have been through this so many times and we also fundamentally care about building more sustainable long-term systems and we also realize that the more of these ponzis that get built and the more of them they get bigger and implode and hurt more people the faster the regulators are coming guys like this is actually one thing that concerns me a lot in crypto is the kind of like regulators and how how they'll use this as ammo against us like i mean elizabeth warren has been going on about stable coin risk recently right she's not going

to differentiate between ust dye usdc usd no she's just going to look at them all the same and she's going to use this as a talking point i i i would bet to say you know we need to we need to kind of regulate stable coins look what happens when we don't right and i've said before that i think that regulators have no power when we build truly decentralized systems so that's why i'm so harsh on these systems that i consider to be not truly decentralized because they're not going to survive a concerted regulatory onslaught like no way they're gonna survive that because at the end of the day the governments have a lot of power that just private people and institutions do not right they have the power to do whatever they want essentially um i know there's checks and balances and things like that

but look crypto doesn't have a good image to the outside world we are hated by a lot of the outside world uh for one reason or another so it's very easy for these politicians to drum up support for kind of like quote-unquote banning crypto or heavily regulating it or doing any such things like that and then they can always just kind of like fit it into their existing regulatory uh kind of like framework of regulating the financial system right and it's gonna happen like as i've said before they're gonna go after the choke points which are the feared on-ramps they're gonna go after the individuals that are doxton that aren't anon like i i don't know how doe makes it out of this without basically i don't know like i don't know how he makes it out of this he's already like the sec already went

after him but i think that was more of a kind of like frivolous thing i don't think that kind of like had much grounds to stand on but just generally i don't know how he kind of like survives this honestly like maybe he will maybe he's like a cockroach he'll survive but i i don't know i kind of like look at that and i'm just like he's gonna get targeted now for this right um and same is true for for pretty much everyone that's doxxed even if they're not doing anything wrong like obviously unisop labs has come under regulatory scrutiny and they're not doing anything wrong in my eyes but this again is why i keep promoting truly decentralized systems we need to build them we can't rely on this crap anymore guys like i'm so frustrated like actually like i'm not i'm not angry i'm disappointed and

frustrated because of the fact that i mean i i obviously saw this coming and i i also know that this isn't going to be the last of it people are going to keep building these systems especially when the market gets bullish again and we have a flood of new people come in they gravitate towards these things like flies to dog honestly like it's the same thing they love these things they love the ponzis because they go up really quickly it makes people feel really rich really quickly and they love uh formulating cults of personality around the people that are leading these things and as i said you know cults of personality aren't a um a crypto thing they're a human thing at the end of the day and there's plenty of this kind of like um happening in the real world right now especially around politicians but i don't want to

get into like that that part of it but just generally that that trending crypto has always been something that i've hated and you know when you look at things like and it's funny because some people say oh there's a cult of personality around around vitalik it's like no there's not like people respect vitalik for his work for on merit for what he's been able to build for his brain essentially and he doesn't like i mean obviously he has a coin associated with him with eth but he's not on twitter posting and pumping eve and telling people to buy eighth and kind of like insulting other people he's not doing any of that he's probably never done any of that i don't remember a time when he's kind of like done that but he's taken a lot of over the years but you know he has

earned respect from pretty much everyone in this ecosystem like it's the only people who don't like him are bitcoin maximalists and you know that's for obvious reasons but i think that there's no cult of personality around him people just genuinely respect him but then there's other people who just do not deserve their respect like as i said charles hoshkinsen is one of them he i mean i'm not going to go on about that again but like that's one there uh dokwan um i mean there's some in the avax community too like emin from avax the same thing and a bunch of others daniel sester andrew cronje whether they deserve the praise or not i'm not gonna debate that but it's always it always ends badly like it never ends well and i think that as i said this isn't gonna be the end we're gonna see more of this go on um

but like it's just sad it really is sad and disappointing at the end of the day entertaining i mean at least that's entertaining right like but uh we're gonna have to see how how it kind of like shakes out because as i said this was one of the craziest days like craziest last 24 hours that i've had in my my timing crypto i mean i remember all the craziest days i think for me um if i had to kind of like name my top five today would make it into the top five at this point i think the other ones would be the march 2020 crash the yam launch yearn launch and maybe the sushi launch because the way i kind of like rank craziness is when something happens that like no one knows where it's gonna go from here like no one can predict what's

gonna happen it's all happening in real time everyone's focused on it and and the five that i just mentioned is what everyone was focused on and for those of you who weren't around in march 2020 imagine the last 24 hours and what happened to luna and ust happening to the whole market that's what march 2020 was that that particular day in march 2020 that we call i think black thursday that's what happened back then it was crazy if no one knew it was gonna happen people thought that things were literally headed to zero it was just a crazy time there and it's always good to kind of like reflect on these things and see what shakes out of it and like what is actually sustainable and what actually survives and guys like i was saying this in the in the discord channel before over the last 12 months every popular

narrative has basically been gone to essentially the alt l1 trade completely gone to right there oh ethereum is going to fail because of high fees didn't materialize oh l2 suck didn't materialize l2s are killing it right now i'm doing better than ever um a bunch of other ones like the algorithmic stable coin stuff the frog nation all that sort of stuff it all went to whereas ethereum is constant ethereum is fine ethereum is chugging along just like it always has ethereum is more bullish than ever eid is more bullish than ever and i have never been more confident in ethereum's history than i am today and i think that the fact that all these other things just keep failing it just strengthens ethereum at the end of the day which is what i really like because it just shows the ecosystem it

shows the world that ethereum is being built to be long-term sustainable it's not playing these games yes people can play these games on top of ethereum but ethereum as a network ethereum as an ecosystem is and and kind of like the hardcore uh ethereum community is focused on the long term focused on the decades the centuries the sustainability into the long term rather than these short-term opportunities to get uh opportunistic gains and the funny thing is even if those these games play out on ethereum it still benefits because of the fee burn right we all get to kind of like benefit from this stuff as i said these are permissionless systems you can build whatever you want on them and i'm so glad that we have one aip1559 implemented because of that as well but anyway i've been talking for 15 minutes about that as i said i could

talk about this for a very long time there's just so much to go through so much happened but i'm going to leave it at that because there's a bunch of other interesting things that i wanted to get through uh today here but as i said if you want to learn more about kind of like what happened with ust and how it all works definitely give this blog post to read here from from m juan castello uh i'll link it in the youtube description for you to do so uh but i'm gonna move on from that for now so our rule for uh from prior labs rule jordan put out a great tweet today where he which is kind of related to what i was just saying where he said not fully in the loop regarding the markets but we are heads down working on the ethereum

merge and beyond this is one of the most exciting years in the ethereum project's history and sentiment has not changed uh for us working on this this is exactly what i was saying the builders in ethereum their heads down they don't give a about this this stuff right this is all just kind of like stuff for us who kind of sit on crypto twitter to pay attention to it's important to learn from by the end of the day like the people who are building the future of ethereum have much better things to focus their attention on not just that layer one ethereum but layer two as well and i'm glad that they don't get bogged down in this sort of stuff and it actually takes like a special kind of someone to do this to focus like i actually respect the builders who can focus in crypto because it's just

there's just so much going on all the time um but their heads down they're building merge is still coming there's no news on the merge uh since uh i guess like the last few refuels but i'm sure we'll see something soon but yeah it's still being built out still kind of like stuff happening there but great for rule to put a tweet like this out today i think it was a very timely tweet all right so we have another set of data from uh data always here today who said beacon chain demand just keeps chugging along deposits in the all-time high queue size increasing consensus layer is going to tick up again soon uh uh price is just noise so you can see here that uh the validator deposits i mean they're still at like what what is it let me uh it's like 18 000 pending validators

right now guys that's still crazy right it's been like this for for a while now you can see here like how long the validator uh like the validator deposits right from basically i guess maybe end of february to now maybe the beginning of march to now and this other chart shows beacon chain estimated validated activation time the queue has been persistent since since march here and then you can see the the churn limit as i discussed on the refill the other day how that churn limit every time we reach a certain validated threshold we can kind of like get more validators in and that's going to be ticking up soon so cl here stands for churn limit not consensus layer by the way guys like i'm too used to using class consensus layer but in this case it stands for churn limit um but yeah

this is this is really cool i i think that uh obviously a lot of it's going into lighter and i've discussed that before but there's actually some stuff coming for rocketpool that i'm going to discuss soon it was mentioned in the discord channel by jasper but i said to him i'll cover it once there's an official forum post but they're making some some moves behind the scenes to make it easier for people to on board on to want to rock a pawn to stake with them so i'm super excited about that but yeah there's the ethereum staking ecosystem is so healthy right now it's just crazy i mean client diversity front is very healthy obviously we can do better on the um on the distribution uh of kind of like steak but we're gonna work on that that's gonna come uh but yeah i just

think this is a really cool set of charts that you can check out it'll be linked to the youtube description so thanks today to always for putting this together all right so starkware's uh stargate alpha is now live on mainnet this was live on testnet recently but basically stargate alpha is essentially the quote-unquote official bridge for moving assets into and out of starknet so you can go check out the blog post for full details on this but basically uh you can kind of check it out at stargate.starnet.io you'll be able to kind of like uh i guess like when you accept this uh this terms of service thing here uh you can kind of like log in with metamask of course which let me see if i can just run this through for you guys quickly yeah it's sasudori there so metamask i'll log into sassel.ed here

so connect in and then um basically uh you can log into starknet as well by using igenx and and braavos as well bravo i haven't heard of that while before but you can use argent x2 to kind of like log in uh and continue with the stock network as well which i think is what you will need i don't have it installed but you will need that instead of metamask here so i can't go any further than this but you can definitely check this out but it's cool to see this on on mainnet finally um i say finally i think it was a test net when did test net go live um i think it went live a few weeks ago so cool to see this yeah already on mainnet and as i said like the l2 ecosystem just keeps chugging along keeps building this

stuff just keeps kind of like being deployed to to mainnet and the stock ecosystem is is growing every day slow and steady i think on the l2 front but but definitely steady and speaking of l2's optimism hit a transaction day record transactions per day record today which is very very cool you can see it here on the dune analytics dashboard that uh the optimism network saw the most transactions in a day uh ever today essentially right that's an all-time high right there and i've also got the chart up here from eat the scan you can see it's just like completely mooned which is very very cool to see this is kind of like i guess like a a harbinger of things to come guys like once the as i've said please be saying for a while now once these kind of like

tokens get announced the in the kind of like incentive programs get started incentive programs being liquidity mining these l2s are really going to take off in a serious way and it seems optimism is already doing so here um could be you know you can see in the in both the dune analytics dashboard and also the etherscan kind of like chart here of that happening uh and also i guess like uh transacting addresses per day it's not an all-time high but it's holding steady as well i expect that to go up soon contracts deployed per day holding steady i mean this is a really cool dashboard actually i think this bit this has been updated since the last time i i looked at it but this is a dashboard here uh basically all about optimism that you can kind of like go go check out it's got a bunch of awesome stats on

everything happening here i mean wow there's a lot of stats here definitely been updated since the last time i checked this so i'll link this in the youtube description for you to check out but obviously great to see uh optimism growing here and i hope that continues all right so compound announced this uh yesterday where the compound treasury has received a b minus credit rating from s p global ratings this makes compound treasury the first institutional default offering to be rated by a credit rating agency this is pretty cool uh someone made a joke in the replies here that this rating is junk status uh you can see here b minus is a highly speculative which is considered junk but i mean what would you expect from a crypto treasury to be rated right obviously it's going to be rated at a kind of like highly

speculative rating but i don't think that takes away from the point that this is a big step for this this is the first time that an institutional defy offering has been raided by one of these kind of like traditional credit rating agencies so again just continuing the trend of d5 entering i guess like the mainstream consciousness and entering kind of like the tradify world and like chugging along there which is very cool to see so if you want to see all the details about this it's in this blog post from compound i'll link it in the description it's very short so you can go check it out but yeah congrats to i guess like the uh the compounds um ecosystem here for for landing this uh this uh rating so awoke put out a tweet uh today which i thought was quite timely where he said

the bull market rewards those who who survived through the bear market but to survive the bear market you must be a cockroach impossible to kill this is like a really really great way of putting this because as i've mentioned plenty of times before guys there were a lot of things that did not survive the 2018-2019 bear market um at all like literally they didn't go to zero market wise but their communities pretty much went to zero and a lot of these things in 2017 were incredibly popular and i've talked about a bunch of them before eos is a prime example here it was very very popular neo was another one that was extremely popular these are just layer one chains but there are a bunch of apps as well that were very popular a bunch of kind of like things that were just getting a lot of

attention and they're basically dead today like their market cap isn't zero but their communities are completely dead right and that's because they weren't cockroaches they didn't they weren't impossible to kill they didn't have a long lasting community they didn't have enough interesting stuff going on to hold that attention hold that community as i've said to you guys before attention is the most scarce resource in life not just within crypto and to hold that attention you need interesting things to be happening so this is why something like ethereum survives through all kinds of markets because ethereum always has the attention i mean i do a 30 minute daily show on ethereum every single weekday guys like it has everything happening on it there's always something happening it doesn't even matter if it's like

christmas or new year's there is always stuff happening on ethereum 24 7 365 days uh days a year it's never boring and that's why ethereum that's a theorem superpower i believe and that's what attracts so many smart people to ethereum which basically makes ethereum the the cockroach of the crypto industry and obviously that you know a similar thing is true for bitcoin but i think bitcoin and ethereum are the only two uh ecosystems that can claim to be cockroaches now there are other ones out there that are cockroaches that have confused me such as ripple for example that has i don't i wouldn't say it actually has much of a community i believe much of the kind of like posts you see about xrp on twitter are bots but it it just it is a cockroach like it it somehow survived

for a very long time now survive i think it's longer than yeah it survived longer than ethereum which just puzzles me i i will probably never understand it but it is what it is but in terms of like actual organic kind of like ecosystems that have kept growing that have done really well over the long term bitcoin and ethereum are the two there but i actually think bitcoin peaked i think bitcoin peaked in uh 2021 uh in terms of kind of like relevance and market cap and everything like that i think it's just going to be declining from now and i think ethereum is going to flip bitcoin sooner rather than later and ethereum will just continue to survive and thrive it's it at this point in time i wouldn't say that ethereum is impossible to kill but it's getting there guys like it's getting to the

point where it's getting so big it has so much attention it's getting so secure that it is going to basically be impossible to kill and that's the goal right like we want ethereum to survive everything like from you know the regulators going after it to to wars to kind of like centuries worth of just humanity stuff right we want ethereum to be able to survive through all that that's what we're building towards um to be like a true true cockroach so i thought i'd walk you put you know put it put it great like in a tweet here because as he said the bull market awards those who survive through a bear market uh in terms of kind of like people and and stuff um but to survive that bear market you must be a cockroach so yeah great way to put it here from milwaukee

uh so uh just a couple other uh well actually one last update to get through before i just shout out something from immutable xcr uh there was this new tool i can't i don't know how to pronounce it yeah geyser or giza or giza like i'm so terrible pronouncing words sometimes guys like correct me if i'm wrong but like i'm just going to call it geyser for now uh with which is which th they're calling a fully on chain machine learning model inference powered by stark net so there's been a bunch of these artificial intelligence projects in crypto before and a lot of them have been vaporware but this is building on stock net and using zero knowledge proofs to achieve what they want to achieve here so i'm actually quite intrigued by it like it could still be vaporware i don't know right like i'm

not i'm not endorsing this project but i do want to put it on your radar because uh because i think that it's interesting at least and i always look out for these interesting things happening within the ecosystem and the fact that it's building on stock net is is is really cool as well so you can go check this out there's a blog post describing it all here it'll be linked in the youtube description for you to do so all right last up here i just wanted to shout out that uh immutable is hiring 20 business developers in the next 12 weeks uh to do strategic sales at uh that for top tech and gaming companies so if you know as robbie says here if you know of a recruiting firm who specializes in these hires dm robbie um if we end up hiring through them i'll pay you 10k usd

but also if you know anyone that might be fit for this role definitely message robbie about them or if you think you may be fit for it you know dm him maybe you'll land a job at immutable which as you guys know is one of the uh kind of like team scaling nfts on ethereum here so just wanted to give a quick shout out there now i have a couple of minutes left here just the final thing about the um the terror thing in the last 24 hours that i forgot to mention before i don't know what's gonna happen from here with tara this is why it's so exciting and so intriguing i don't know what's gonna like i do think that ust will get back to peg eventually but i don't know if that's to be enough like to me confidence has been shattered and

then it shattered in that ecosystem i will never hold ust ever even if they change the underlying mechanisms i feel like the usd stablecoin will become much less desirable just generally like the only way i think that they can kind of like salvage it at this point is by collateralizing it but that just basically makes it closer to die and they didn't want to be closer to die i mean doe kwon was on twitter saying that he was going to kill dai right so i don't know what's going to happen i do think the peg i mean i'm guessing the peg is going to be restored because people are just going to throw money at it whatever but yeah confidence is shattered uh maybe the peg doesn't get restored maybe it just kind of like stays off peg forever i don't know i think it's going to

normalize eventually but yeah it's going to be very very interesting to see what happens from here i think this is going to be something that people are going to be talking about for a while they're going to be referencing in the future when more of these kind of like things get spun up because the ponzi stable coins the algorithmic stable coins they're not over guys they're going to keep happening over and over again especially in bull markets but just be vigilant as i've always said to you guys like the worst thing you can do is blow yourself up and a lot of people blew themselves up today and they're probably going to be out of position if we if we kind of like recover and go into a new bull market eventually and it and that's the worst thing that can happen so just you know minimize

your risk know the risks listen to people that are telling you that that are honest people that are actually telling you these things don't try not to get caught up in like the bull market hype because that's how you wreck yourself that's how you blow yourself up um and i think at this point like you know i don't know like i i don't like tuning my own horn and my own ego but i think at this point like i have called out so many of these things that i do hope that you heed my warnings when i talk about these things i don't give investment advice but i will always advise you guys or at least kind of like give you guys a heads up when i'm seeing something that is uh just kind of like setting off alarm bells in my head because i want you guys to make it like

that's that's literally like one of my goals with the daily way it's like as i said i don't give you a direct investment of us i'm not going to tell you what to buy i'm not going to tell you you know when to sell none of that sort of stuff but i am going to give you the advice or i can i guess pass down the wisdom to you that i've accumulated over my years in crypto and i'm going to hope that you kind of like you know heed those guys got that advice and heed those warnings and make it yourself um but on that note i think that's gonna be it for today's episode so thank you everyone for listening and watching be sure to subscribe to the channel if you haven't yet give it a thumbs up subscribe to newsletter join the discord

channel and i'll catch you all tomorrow thanks everyone