Coinbase announces Base, Ethereum reflections & more - The Daily Gwei Refuel #546 - Ethereum Updates

Transcript

hello everyone and welcome to another episode of daily refuel where we cup the latest news in ethereum ecosystem I'm your host and this assignor and since the 24th of February 2023. all right everyone let's get into it so before we get into the craziness of the last 24 hours just wanted to say that this will be the last refuel until March 8th so as I mentioned the other day there'll be no refills next week and I worked out exactly what days I'll be able to get back into it uh so March 8th is a Wednesday so that means there won't be any refills on the Monday and Tuesday not next week the week after as well because I will be on a plane so I will not be able to do a refuel um uh maybe one day I'll be able to do a refill on the plan and upload it but

yeah Wednesday the 8th I should be back depends how bad the jet lag is uh the time zone difference is pretty crazy between Australia and the us but I will endeavor to make a Refuel on Wednesday the 8th if not worst case scenario it'll be the Thursday the 9th of March there and I uh we'll be doing a longer episode it won't be half an hour we'll probably be an hour plus because there'll be a lot of news to cover I'm anticipating a lot of announcements to come out of East Denver and I can't wait to be in person to when these announcements happen uh I'm just super excited for uh for each Denver super excited for the daily way meet up that I'm hoping to see a lot of you at uh and if you aren't you know if you weren't able to get a ticket at uh

to the Meetup because we did have a pretty strict uh kind of capacity limit of 100 people uh you can catch me at the conference of course and just come up and say hey uh there but yeah just wanted to say that this will be the last refuel until at least March 8th all right so moving on to that big news I was talking about well this was basically what I said yesterday uh I was talking about how coinbase and optimism were teasing something on yesterday's refuel and I surmised that it was coinbase launching their own L2 and lo and behold it came true now I wasn't surprised by this at all considering that I had already thought that this was going to happen based on connecting the dots uh but still I am surprised by a few things now I'm going to spend probably the bulk of today's episode

talking about this because I think it's a really important topic to talk about there's a lot to cover here so exactly what did coinbase launch I think there was a bit of confusion around this so coinbase has launched something called bass which is basically a fork of of optimism it's using the op stack that optimism has developed and this is a brand new optimistic roll up that will be set linked to ethereum using optimism's technology so that's why people are being saying you know it's built by coinbase powered by optimism and secured by ethereum uh because that is basically how the stack goes with this now is it decentralized no it's not decentralized from day one obviously uh is it live no it's not live yet there there's a girly test net that is live and there is actually an nft that you

can mint on mainnet uh but that's about all you can do right now with bass uh there's been a slew of projects that have already announced that they'll be supporting bass which is really really cool to see and obviously this being coinbase's own L2 they're going to be throwing their a massive amount of weight behind uh this this L2 uh as obviously the months and years go on here now this is I I think setting the kind of context here and saying that you know this is just day one this is not like uh bass is at a mature stage fully decentralized roll up has fraud proofs all that stuff there no it is as I said not live yet it's going to be centralized from the get-go there is a path to decentralization they actually put a blog post about how they're actually going to decentralize the L2

which is surprising considering a lot of people thought that if coinbase was to launch an L2 it would be a centralized World guard and it'd be KY seed and I think I said yesterday that I didn't think that would be the case I didn't feel like it would be something that was actually worth launching um so I feel like this is coinbase's answer to BSC uh you know binance obviously has BSC that has actually been quite successful uh so yeah but we'll base have a token on that note obviously BSC has the BNB token no it will not uh they actually said in their second tweet here base is not a token and they do not have any plans to issue a new network token for base uh they would just be using eth as the native gas token another thing that I said was most

likely to happen yesterday I think this is probably purely due to regulatory stuff if coinbase could I I would assume that they would love to launch a token for this thing because I mean tokens aren't bad I I really do think that tokens get a bad rep because there's just there's a lot of tokens right but tokens when done well can lead to some beautiful incentive alignments which I think that uh you know a few projects have done obviously ethereum with eth has done uh magically here but it's it's great that they're not even doing a token anyway I mean I think if a project Can Survive and Thrive without a token that's even better so yeah they have announced that they do not plan to issue a new uh Network token um who knows if they're ever going to do it like maybe they'll do it sometime in

the future but for now and for the foreseeable future they don't plan to launch a token for this and will be using eth as the native gas token um so so yeah and then they continue on by saying that base will be the on-chain home for coinbase it'll be an open open ecosystem where any Iran anywhere can build adaps that reach the next one billion users a bridge that brings our users on chain enables them to go anywhere including L1 other l2s and ecosystems like Bitcoin and Solana so they're not just building I guess the L2 they're also Building Bridges around this so that people can hop between these different layers you know maybe you start on bass and you say okay well I want to go to arbitrim now or I want to go to optimism now or I want to go to another layer one I think that's pretty

cool as well being able to bring all this together and and on board people and obviously people will want to stay where they get the best user experience uh and they continue on you know describing a bit about this as well and linking to the decentralization blog post which I highly recommend giving a read by the way the fact that that they're already talking about uh decentralizing bass is a really really positive sign um and they're also uh they've also confirmed that they are going to be working directly on the op stack with optimism so they're the second core team that's going to be working on the op stack alongside optimism so basically a bit of uh I I wouldn't call it client diversity but development diversity here which is which is obviously very very awesome to to see well okay so that's bases thread on it there's also

coinbases thread on it uh which you can give a read to it's uh it definitely doesn't have any really new information just links to a bunch of blog posts here there is Jesse pollax thread now I think I mentioned Jesse Pollock yesterday and I've talked about him a bunch on the refuel he's doing a lot of great work when it comes to coinbase and l2s while he has his own thread on this year and he was also on bankless uh so that stream that Bankers did Jesse was the guest on that uh you know talking about all of this and answering everyone's questions uh and Jesse and this thread goes through basically how he came to to develop this so I feel like this is his main project for the foreseeable future it's definitely the thing that he's going to be spending the most amount of

time on and it's his baby really which is very very cool so this is just a great little thread to get context and history around exactly where this came from so you should definitely go give that a read um and also there was some terminology thrown around by optimism they have their own thread on this but they're calling uh what they're doing with the op stack the super chain which is basically from a high level it's their thesis that they can bring all these op stack chains together to make one big interoperable super chain instead of things being siled so instead of bass uh and and you know the normal optimistic ethereum Network being siled that would be part of this super chain line that essentially allows them to interoperate and have composable liquidity uh seamlessly now people have brought up a

few concerns around this saying you know uh would that mean that the the security is compromised in any way like how does the actual super chain work how does the composibility work and those are all fair questions but as I said um just before we're really at day one of this sort of stuff this is this is not something that's going to be mature or anywhere near mature we're basically in the pre-alpha stages of of this sort of stuff here so don't expect any kind of maturity here but on top of that as well uh bass is actually committed to submit a portion of transaction fee Revenue backed to back to the optimism Collective treasury furthering the vision for a sustainable future where impact equals profit so essentially coinbase is going to be using their own L2 to generate fear revenue and donate some of that fear Revenue to the

optimism Collective treasury which goes towards funding public goods so Ergo coinbase is funding public goods via their L2 really awesome I mean honestly like I wouldn't be be gushing so much if if coinbase just launched an L2 and didn't put as much effort as they have into explaining exactly what their goals are with it what they want to do with it how they want to align with ethereum values and optimism values how they want to support public goods there's just a lot of great stuff happening here so yeah kudos to them for that but all of this stuff obviously will be linked in the YouTube description below but now I get to the thread that actually I I wanted to talk to each point because it actually it actually kind of summarized my own thoughts that I was having in it and I I thank Ryan Sean Adams for

putting this out but he starts off this thread by saying the coinbase thing is a big deal so here are 10 reasons why so the first reason they choose ethereum instead of launching their own L2 this is a massive vote of confidence for ethereum now I touched on this point yesterday but this is definitely a massive kind of point I I think that this can't be overstated how massive this is for ethereum because coinbase has a choice between ethereum layer twos uh other layer ones uh similar Technologies maybe hybrids uh and and I guess like not doing anything at all right out of all the choices that they had they chose an ethereum L2 and they didn't just choose any L2 to build with they chose optimism which uh is

considered I guess one of them most aligned uh l2s in terms of uh as close as they align with the ethereum vision not just socially but technically because I believe optimism is the closest you can get to basically an L2 that looks like L1 ethereum um so they embody all those values that's not to say the other ones the other l2s don't have those values as well as I mentioned the other day scroll is trying to be that uh a polygon is definitely that arbitrim as well but optimism definitely has taken it a little bit further I think so uh and a bit further along in that journey in particular which which I think is really cool but uh that aloe is a massive vote of confidence for ethereum it's basically telling the world that coinbase one of the largest exchanges in

the world believes that ethereum is going to be the world sentiment layer they believe that the ethereum L2 roadmap is the best way to scale a blockchain they believe that the best technology comes from the teams that are most aligned with ethereum and they also are trusting the ethereum ecosystem uh with managing their users funds so to speak right because obviously bass will be secured by ethereum so that's that's point one there point two uh this sets precedent that other crypto companies will follow then fintechs then Banks eventually the world will use ethereum as a settlement and property right system so just falling off of what I just said about ethereum being the world sediment layer which is not a new thing by the way I've talked about this for years I I think I have a post in the daily gray newsletter from 2020 where I talked

about this uh this is not anything new but this is just coinbase validating the thesis that myself and a bunch of other people have had around ethereum becoming that settlement layer uh and as Ryan Sean Adams says yeah it sets a precedent it basically signals to the world hey come settle your stuff on ethereum it's it's worthy of your of your kind of um settlement it's going to give you good settlement guarantees it's going to give you good credible neutrality and censorship resistance and all that good stuff there uh so yeah definitely agree with that point uh third point this is a maximally decentralized way for an exchange to launch a chain no token no Walled Garden or open source this is good for crypto values more D5 less C5 this is really impressive that coinbase has done this as I mentioned before they could have gone the totally you know

we'll keep it World guard and centralized kyc route but they obviously understand that that doesn't work that doesn't work at all it's going to fail if they do that so instead of doing that they're like let's just make it all open right let's just make everything open make it actual D5 make it actually decentralized um you know don't have a token as well be open source uh and that's exactly what they've done now obviously there's been regulatory questions that have been raised over this people some people are taking the opposite kind of uh approach yeah and not being excited about this but being worried that it's going to draw Regulators in even more and it's basically bait for Regulators to that I say you know what The Regulators are already here they're already at our doorstep they're already being aggressive so let's just do things and

ask for forgiveness later like there's no point typicallying around all this stuff anymore unless there's actually going to be like pure criminal liability for doing these sorts of things um uh for for the individuals I I think it's worth the risk and I guess like for the criminal liability stuff let's just say you're a U.S citizen and you start using kineto cash okay maybe that's not that's something that you should be doing right it's not advised that you should do that it's obviously illegal and and there's a severe punishment down I'm not encouraging anyone to do anything illegal or against Regulators but I guess my point is is that coinbase obviously did this risk reward analysis and they thought to themselves we are going to build this thing we think it's cool we think it adds a lot of value to the world and we think that the

Regulators are wrong uh about everything I mean I I I think it's pretty clear that I think The Regulators are wrong about most things if not everything and they're actively trying to educate Regulators as well they're actively trying to change get legislation through and change bad legislation Brian is in DC Brian Armstrong's in DC doing this uh but they're not going to wait around for that right they're not going to wait around for the old build to catch up to the new world they're going to be pioneers and they're just going to cop any heat that comes their way because there is definitely going to be heat from The Regulators on this I I completely agree with that point that other people have brought up whether that heat actually leads to enforcement action or leads to base not being able to be launched that's another story

altogether and that's obviously going to play out over time and then fourth point that Ryan continues with if coinbase converts 20 of its 110 million verified users to layer 2 users in the coming years this alone will 10 times the number of total crypto native users this is a point that I think a lot of people Miss we don't actually have that many users in crypto guys and I'm talking on chain I don't actually count the people who buy crypto on an exchange as a user uh I don't really consider holding an asset to be using the the chain I kind of I feel like that's nonsensical even if you're doing self-custody you you're still obviously withdrawing to your own address and you've used the chain but I mean if all you're doing is holding it in Cold Storage yeah you're not really a user of the of the tech right uh so it's

just like if I have a Facebook account that I've spun up and I don't you know it's just there it's just sitting there and I don't I haven't looked at it in years am I really a Facebook user no and that's why you always delineate between users and and active users whether they be daily monthly or whatever but me personally I don't consider that person a user just because they have a Facebook account that they haven't used in five years right and that's kind of like me I don't use Facebook at all but I still have my account there um but on that note if you actually look at the total number of Unchained users that we've we have and active users today are not in the bull market today right in the depths of the bear Market uh there aren't that many I would I

would struggle to think that there's more than a few hundred thousand active users across all of the on-chain stuff and maybe we're talking monthly active users here even that would surprise me now in saying that I've argued before that measuring active users for financial applications is kind of hard because I would still consider you a user of something if say you've got to die alone on maker but you haven't actually touched that loan in a year because there's you know you don't have to do anything to touch it right like you're not you're not ready to pay it back or anything like that you don't want to draw more day out of there you would still be considered a user but you wouldn't shop in the active addresses or the active monthly users or whatever right so there are delineations to be made here but regardless of all of that

as Ryan said here if coinbase converts just 20 of its 110 million users uh into layer 2 users that would be an insane amount of growth and the thing is is that 20 of 110 million is is what like 22 million right if I'm doing my math correctly there uh so 22 million people you could even just bring that down to like one percent of 110 million get to 1.1 million uh people that is still a massive step up from where we are today and I believe it's going to be more than one percent because if coinbase really wants this thing to succeed I think they understand that they need to put all their effort behind this and all their weight behind and they'll be nudging users to go use uh the the base chain the fifth Point Ryan brings up this is an answer that The Regulators asking our

industry how will you protect retail without our control the answer is regulation by code atrocess money system built on transparent open D5 protocols look this is something that I agree with in principle but disagree with in practice because The Regulators don't care about this answer this is already an answer that they've been told many many times right they've been told that these are transparent open systems that that uses self-custody yes there are rugs yes there are scams yes there are big projects that can fall over like Terra that pretend to be D5 but really aren't but the core actual defy protocols uh you know are exactly what The Regulators should be loving but they're not because they're not really open to uh 2d5 they're not open to free flow of money

they're there to protect the state uh you know they're there to protect the state's interest and the state's interest is not in the free flow of money they want to be able to see where all the money is going what what it's all doing they can on a blockchain because it's all transparent but they want Total Control they don't want just uh you know the same control as an everyday user has they want total control over everything and I think that's what uh our pill battle is against is that total control from from The Regulators there and then Ryan says this is incredibly bullish for ethereum Block space demand as his sixth Point that's self-explanatory you know more users using ethereum more block space demand more uh I guess like fear of a new more eth burnt incredibly bullish Faith no need to explain more than that

seventh Point uh this incense coinbase to build public goods infrastructure like Erp 4844 which will speed up our progress and they actually have been doing this for a while now I mean Jesse Pollack's been on the on the calls and and helped with 4844 a lot and I'm sure other people have coinbase have done so as well but this is another incentive for them to do it like on top of the internet that they already had which is obviously very cool number eight coinbase somehow got this through their legal and compliance team in the US which is bullish since the current regulatory regime in the US is the most oppressive I've ever seen if big gov wants to fight decentralization they'll have to fight their people this is an interesting point because I mean I've obviously talked about regulation a lot just over the last few minutes but the

fact that like even if coinbase's compliance and legal team told coinbase that you you're not allowed to do bass at all they I don't think they would have been able to launch it even if they wanted to because these compliance and legal teams especially for a publicly traded company if the executives go against them there is a a I guess like a fiduciary duty that they have that the board and Executives have and if they break that by ignoring legal counsel and compliance Council there can be ramifications for that so I I do believe that coinbase was actually able to get this past those teams and get them to sign off on it which yet is very bullish considering the hostile environment that we have today now will that mean that coinbase will be spared from the wrath of Gary gensla we don't know right he

may come along and say that base itself is a security because the Love's labeling everything has Securities I you know the base the chain that's a security uh no I don't I don't think he's going to do that um maybe he will right but I don't think Grimace is going to avoid Regulators here but I don't think it's going to be as bad as people think it is where reggae is going to go to coinbase and be like you have to shut base down right now and if they do that I reckon coinbase will fight it I don't think they're going to go down without a fight on that note number nine this will supercharge L2 infrastructure tooling and development I mean that's pretty self-explanatory more users more developers more brains you know brain power going into L2 stuff will increase the amount of L2 stuff that we have and

tenth and last point from Ryan is that this shows that credibly neutral technology is the ones that no one can control corrupt these are the technologies that win bullish bankless money systems bullish self-sovereign values and bullish for the people as I said at the start coinbase chose ethereum for a reason for many reasons and these are some of them so I completely agree with Ryan on that one but that's it for his thread and the reason why I wanted to go through each point is as I said this was basically everything that I wanted to say just packaged nicely in a tweet thread from Ryan here as you can tell I'm super excited for bass I'm super excited to see how it develops how much value coinbase can add to the ethereum and L2 ecosystem on top of all the value that they've already added and I'm really

really glad to see coinbase put their way behind ethereum as I said before I've had long-standing kind of physicists and theories and and opinions on blockchains generally on ethereum generally and I'm talking long long standing like since 2017 and 20 and 2018 1920 that uh are slowly coming true over time and it just validates me personally it keeps me motivated it keeps me uh really really obviously excited about all this stuff going on and I hope it does for you as well uh lastly before I move on from the base stuff is that ETA scan has actually built a base block Explorer called base scan and it's at basecan.org currently it is uh tied to the girly test net but obviously it'll be changed over to uh the Base main net

when that goes live so kudos to either scan for building this uh for base here all right oh and just one last thing uh the build on base nft actually topped the burn leaderboard over the last 24 hours as you can see here so that's why the gas fees were quite highest because there was an nft that you could mint and I'm going to assume that a lot of people minted it because they think that if coinbase does a token in the future for bass right by any chance they'll potentially air drop it to nft Holders which actually isn't a bad assumption right I actually think that if coinbase was to do a token for base at some point in the future they would airdrop it to you know base token holders or nft holders so that's why I I think at top they'll burn leaderboard there

all right moving on so Danny Ryan put out a really really great blog post today uh reflecting on I guess ethereum generally in the last five-ish years of ethereum uh protocol development uh that you know the technology the social layer things that are happening uh you know worries that he has uh concerns that he has as well uh and all these kind of things wrapped in a very very nice blog post honestly this is one of the best posts I've ever read on ethereum like this just is so concise it's not that long I think it's about 5 000 words but it goes over pretty much everything that I talk about really on the refuel and everything that the core ethereum Community thinks about a lot such as the roadmap obviously um and how it's going to take quite a

while Mev uh complexity of ethereum's roadmap uh development of L1 and how uh you know potentially it could be you know maybe it could it be captured one day could the governance be captured uh where when you know when L1 ethereum should ossify how l2s play into that you know L2 alignment here uh and a bunch other stuff that hangs off of that as well so I'm not going to read through the post I just wanted to say that I highly recommend that you go and read it it'll be linked in the YouTube description below and for those of you who don't know who Danny Ryan is I mean I think all of you know who he's by now but I have to reiterate without Danny Ryan at the helm I actually don't think proof of stake and the merge would have shipped for you know a very long time uh

definitely wouldn't have shipped last year the merge and maybe ever the amount of coordination work that Danny has done has been incredible like he has just done so much for the ethereum ecosystem and he's done a lot of it behind the scenes he definitely does not get the props that he deserves from The Wider Community simply because he's just generally not a very public person and he can't really be very public because there's a lot of work to be done on the ethereum core protocol and he's at the heart of it but him and Tim baiko as the coordinators over the years have done so much and not to diminish the other people's work the all the researchers and the core developers but in terms of coordinating it all Danny Ryan and Tim micro definitely uh your men in that arena there but yeah go give this blog

post a read I'll link it in the YouTuber description below all right so speaking of Tim baiko he actually put out a thread around test Nets today so I spoke yesterday and the day before about this test net drama that's been going on in ethereum uh well Tim put out a threat where he said the topic of ethereum test Nets came up again this week which is something people either feel like there's zero information about or that everyone already knows short thread to give context on the current situation and future plans you can give this thread a read it'll be linked in the YouTube description below but it basically recast what I've been saying over the last few days about how girl is going to be sunset um and he's not for app developers it's for staking or it's a polio is for app developers and there's going to be

another test net spun up and all that stuff but but Tim's thread gives a lot of context around that that I didn't give and a lot of a lot of new things that um that I didn't even know as well so I highly recommend giving the thread a read which of course will be linked in the YouTube description below all right so here's a fun one Eclipse which is a roll-up or I guess like uh an L2 platform is launching a L2 based on solanus technology on polygon now this is an L2 in so far as I don't believe it's a roll up yet it's going to be using polygon Avail I believe so it's like a validium a kind of hybrid here but what I think is funny is that I've always said that I think that Solana

would work better as an L2 on ethereum like I actually don't think Solana's execution engine is bad I actually think it's quite quite novel and quite good I just think that it doesn't work very well as an L1 and I don't think Solana as an L1 is going to have a very bright future um but as an L2 you know it could work right who knows if it's going to work or not like as I said the technology is interesting but there's so much more to these things than technology um but I think this is just an interesting thing to to keep an eye on now in saying that I don't know much about it I haven't stated it too much uh there's obviously a lot of trust assumptions here we don't know if you know how well it's going to work we don't really know uh you know

how centralized or decentralized it's going to be as I said it is not a roll-up from what I can understand it is more like a validium where they're storing data off chain but it's still cool it's still cool to see this technology coming to ethereum and ethereum kind of taking the best parts of other ecosystems and bringing it in-house here so if you want to learn more about this there is a tank crunch article on this as well as a little thread here that you can check out but I think the main driver here or the main draw here for people is that if you're already a Solana developer and you're already familiar with the Solana tooling and languages and all that stuff you can do that on this L2 now instead of using Solana you can use this and it's the same experience or similar experience to

building on Solana which I thought was was definitely pretty cool there all right so okay this thread I should have talked about before but this is another thread on bass but this is basically optimism's uh Thread about bass and their wider plans around that uh you can go check this thread out I'll link in the YouTube description below uh but yeah that was all about uh bass so I should have spoken about that earlier but it's just the thread that Recaps a bunch of of things that I've already talked about but we'll be linked in the YouTube description below all right so lava network uh testnet is now open but you know what the FAQ is lava well lava is a uh Network lover network is a decentralized network for RPC and API providers offering fast high uptime and scalable services to

developers any provider can join meaning new chain support can be quickly added to the network so how does it work decentralized access any Apple provider can join the network accountability mechanisms providers stake and are rewarded according to their quality of service and data integrity and private sessions requests cannot be profile profiled or front run so basically they're trying to do I guess a more decentralized version of the rpcs that we have today and the apis that we have today such as inferior and Alchemy and fewer is actually trying to decentralize now as well which is pretty which is pretty funny because they've been centralized for a while but I think they see the writing on the wall so that's very cool to see uh but yeah it's one of the high at this project for you guys I don't know that much about it besides

seeing this thread reading through it and it seems legit like uh it's it it seems pretty cool and it seems low risk and way since it's just an RPC an API provider it's nothing that's going to be uh taking your funds here but yeah it's on testnet now if you want to play around with it I'll link this in the YouTube description for you to check out all right so a bit of drama here in the ethereum staking community so nixo said here uh repos is good it's why open source is great because we can iterate and improve on work but probably best to say hey we're a clone of this other protocol and here's where we improved rather than wait for the community to start recognizing vestigial code you forgot to remove and what nexo is talking about here is that stata Labs which is another ethereum staking

service that's currently in development forked rocket pool uh and Fork the smart node stack and didn't really change anything except the color you can see here that their stator is purple rocker pool uh is blue and yeah they didn't change anything and they didn't say they were rocker polite I don't believe and it seems pretty blatant that they've done this now I think that this repo that people found was supposed to be private or something like that I don't think it was at the state of one I don't think it was meant to be public but still I think it's a pretty bad look because I haven't seen stata talk about this anywhere else in all their promotions they've just been talking about spinning up this new uh I guess like in infrastructure it's taking infrastructure that they're building and they've got a few features that I think

rocketpool doesn't have yet or something like that but the funny thing is is that they've pretty much almost word for word uh copied rockably unfork the software which I guess is flattering for rockapole that they're getting forked like this but I think from my point of view I'd love to see you know stata Labs make a I don't know if they made a statement about this but I'd love to see them be more honest here about this there's nothing wrong with forking um but I think it becomes it Wades into uh dodgy grift territory when you do it and you don't tell anyone um and you do it so blatantly as well but I I don't know that much about this I'm not going to give any strong opinions here uh but the evidence is pretty damning and I do trust that Nick sorrow did her due diligence here it

isn't just calling anything out uh for the sake of it and I saw other people talking about this from the rockapole community of course as well uh but yeah we'll have to see how this evolves hopefully stata can come out with something and say uh you know and improve from here um but yeah I think on that note that's going to be it for for today's episode a reminder no more episodes until at least Wednesday the 8th of March 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 the newsletter join the Discord Channel and I'll catch you all in about a week and a half thanks everyone [Music]