Coinbase vs SEC, Taiko alpha 2 testnet and more - The Daily Gwei Refuel #554 - Ethereum Updates

Transcript

hello everyone and welcome to another episode of The Daily way refuel where we cup the latest news in ethereum ecosystem I'm your host and Denise 23rd of March 2023 alright everyone let's get into it so I think the thing that I'm going to be focusing on for probably half of this episode is the uh coinbase drama from today now in case you haven't been on Twitter today or haven't seen anything in the news about this uh Brian Armstrong announced on Twitter that coinbase had received a Wells noticed from the SEC focused on staking an asset a listing a Wells notice typically precedes an enforcement actions and of course Brian has a whole tweet thread here about this uh and there's a lot to unpack here about what's going on first

of all I wouldn't say I'm surprised by this at all given that the SEC has not been kind to crypto for quite a while now and we all know that that's that's quite obvious at this point right um Gary Gensler is definitely not a friend uh the SEC just gaslights and doesn't actually provide any regulatory clarity and really seems like they want to hurt crypto as much as possible now on that note I want to start I want to start there to be honest I see a lot of people talking about this stuff as if it's like a war on crypto or that the US government and the regulatory bodies are having like have a concerted effort to take down crypto and I will probably take the unpopular kind of side of this here and say that I don't actually think

that's the case what I think is happening is that right now the world hates crypto right like so many people hate crypto because of the pain of 2022 they're really big blobs we we saw with Terra and with FTX and stuff like that so it's kind of popular to hate crypto right now right so if you look at it from that lens well what what do Regulators want to do right what what do the individuals as part of these Regulatory Agencies want to do well obviously they want to advance their own careers now it's no secret that Gary Gensler obviously wants to advance his own career he wants to end up at the treasury eventually he doesn't want to be at the essay PC forever so what better way to advance your career than bringing enforcement actions against something that everyone hates right and

I've talked about this before how they've brought enforcement actions against celebrities uh in particular ones like Kim Kardashian for promoting uh I guess like pretty much scams right but they do that for the headlines and they actually did that today with a bunch of other celebrities for promoting Tron I think in some other assets based on Tron but that's how I kind of view this I view it as humans having career Ambitions Within These regulatory bodies they see an easy target with crypto so they take the easy target now coinbase has announced that they're actually going to fight this and as I've said before coinbase had stated that they were going to fight any action against them and this is going to get taken to court now these sorts of things can last for years in court do you think Gary

ganza is going to be at the SEC for years do you think he gives a ship what the outcome of this is if he's not there anymore of course he doesn't right it it equipment could win and and Gary guns I could be at the treasury or be somewhere else right and for him it's like okay well whatever I don't care anymore because at the end of the day at the end of the day I truly believe that him and others like him do a lot of things for their own career advancement rather than for actually protecting investors or because they hate crypto or something like that I really do think that uh at least maybe maybe it's not the whole reason but I believe it's a a big part a big reason is that they don't necessarily hate crypto they're just using it as a way to essentially uh

Advance their own career now of course the action against coinbase yeah is not based on any kind of Merit or reality it doesn't really make much sense uh as Brian says in his thread and as Collins Belton said here there is a um kind of blog post that was put out I Believe by coinbase that basically walks through what coinbase has been doing with the SEC over the years and while it's enforcement action against them makes no sense so Collins quotes here and says that coinbase had has had 30 plus meetings with the SEC they've spent millions of dollars drafting a registration proposal despite that literally being the sec's job to do they've get they've gotten ghosted by the SEC for over nine months uh they were promised a meeting for clarity with

the SEC um which was canceled with one day notice and then coinbase was sued for being a bad actor so essentially coinbase has tried to do absolutely everything right they are the most legitimate company in crypto I would say at this point uh I don't think there's any other company out there that is as legitimate as coinbase besides maybe you know the Kraken and and maybe something and maybe other us-based exchanges but in terms of scale and size coinbase beats them you know by by a lot um in that regard right but I would say Kraken is definitely up there as well but Kraken did have an enforcement action and I discussed that a few weeks ago around their staking product but obviously coinbase was next on The Chopping Block yeah but as I said coinbase is not going to take this line down they're going to fight this in

court they've stated that uh and and as I said these court cases can take years and I don't think that Gary Ganzo is going to be around for that long maybe two years from now you know the funny thing is so the thing is is that he has a term uh which can get renewed but his term could be up instantly if the government changes next year so for example and these are people say two years so for example uh if the uh presidency changes and the Republic uh sorry the um the executive branch changes and the and the presidency changes there and the Republicans win right they would instantly get rid of gansla because he is not a republican nominee right they'd get their own guy in there or their own girl in there whoever it is right uh but that is still

pretty far away the election isn't until uh next year uh uh until the end of next year pretty much I believe if I'm getting that right uh so we can't really rely on that but in saying that this court case could go on until you know after next year the year after right and by that point uh genza will probably not be there anymore as I said I'm sure he doesn't want to stay there forever um but yeah this is just the Classic SEC Mo here just to not do anything uh keep saying you know come in and register come in and get clarity from us come in and be compliant and when coinbase tried to do that and they tried really really hard to do that uh they were stonewalled and then met with enforcement action anyway which is just beyond ridiculous right it's obviously not something that

we want to be seeing especially from Regulators in the US which are supposed to be the Bastion of democracy and freedom and I'm not really seeing much of that lately out of the the US regulatory regime here so that's basically the tldr of what's happened with the enforcement action and as I said it's against their staking products and against uh certain asset listings which is pretty broad right I mean I know coinbase has listed a bunch of crap in the past that people you know it was questionable people were like you know why are they listing this asset uh and I was like that too on a bunch of these things but the staking product I think is the the thing that I'm I guess I wouldn't say concerned about but the thing that I think say we'll hit we'll hit hard about is uh because they've

shut down one of coinbase's hey it's not a staking product but they've shut down one of coinbase's product before which is coinbase earn they've obviously shut down Kraken staking products so it remains to be seen if they're able to do the same to coinbase but the fact that coinbase is fighting this in court uh means that they're gonna have a much harder time uh doing that there now uh coinbase is cheap Chief legal officer Paul Grewal here who I've talked about before on the rear fuel put together his own thread uh with the blog post uh basically here which the blog post is titled we asked the SEC for reasonable crypto rules for Americans we've got legal threats instead uh yeah this is just more of the same I guess from the SEC and you can read the blog post for yourself and the Tweet thread from Paul

here which I'll link in the YouTube description below um but I also put a tweet out today where just just to put this in context of how absurd this is I put out a tweet and I said the SEC misses one of the biggest frauds in history FTX and Alameda right Gary ganzai coaches up to the head of that fraud SPF and then the SEC goes after the most legitimate company in crypto coinbase yes yes very normal and total totally rational now described at the beginning of the episode uh why I believe this isn't something this isn't a necessarily a war on crypto it's more of a a kind of land grab for power and also for career advancements I'm not going to say there isn't certain parts of the US government certain parts

of the regulatory regime that hate crypto and want to see it I guess like uh uh um maybe not banned but want to see it kind of die uh Elizabeth Warren is the poster child for that but there's there's obviously more people out there but as I said I don't think the whole thing is a concerted effort from the US government to be like we need to shut down crypto because if they wanted to do that they would literally just ban crypto right like they have the power to do that even though it would be it would it would have to be it would so it'd be challenging court and everything they have the power to do that or they could come up with some reason to sanction the entire network and they could sanction the entire Bitcoin and ethereum networks right so they could come up with any

reason they wanted to to do this now some people will say Well they're not doing that because they want to be able to do it and for it to stick so they'll so they'll do it slowly you know Death By A Thousand Cuts but that uh strategy is actually not great for for a number of different reasons the the two major reasons is that the admins change right if this is something if is the Democrats trying to do this well then if the Democrats lose next year all of the death by a Thousand Cuts they try to do pretty much can get reversed and and can get stopped in its tracks um and two it's not very effective because a lot of these things can be fought in the court in courts and uh there's been a bunch of uh uh so there was a there was a judge the other day

that basically slammed the SEC saying that uh they're crazy for bringing this enforcement action against I can't remember who it was uh because they haven't actually given the um the company I believe it was the organization an ability to be compliant with the SEC uh and the SEC actually uh sorry I should say coinbase actually asked the SEC what assets they consider Securities on coin basis platform and the SSC wouldn't even answer that so obviously they're not playing ball here at all they're doing a regulation via enforcement which is not what we want to see but yeah I just thought my tweet showed the absurdity of this action and why it doesn't uh it doesn't actually gel with reality and why it basically looks like a power grab right and then I

continued with another tweet where I said you know friendly reminder while the US is a big part of the world and the crypto economy it is not the only place that exists on Earth if the US continues down this shitty regulatory path then over time crypto will simply route around it and it'll be the US that ultimately loses now I strongly believe this because let's just say let's give a hypothetical here let's say coinbase is forced out of the U.S and that there can't be a U.S registered company anymore their stock gets to list it you know let's let's talk worst case scenario here right and maybe they can't even serve as U.S customers anymore do you really think that Brian Armstrong and his executive team are going to be like well we try that's it bye-bye no what they're gonna do is they're gonna

go register overseas right they're going to go register in some jurisdiction that'll have them and there's plenty of them out there and then they're going to serve the rest of the world and if they can't serve us customers which I think would be pretty far-fetched that is obviously the worst case scenario but if they can't serve us customers they just won't right at the end of the day when coinbase is a business they're going to protect their business or the executive team who's going to protect that business as much as they can and but the fact that they were able to go public as well was hilarious to me because in order to actually go public in the US you need the blessing of the SEC to do that you need their permission so the fact that the SSC gave coinbase permission and he's now um taking

regulatory action against them is is is is pretty ironic and if they're taking regulatory action against coinbase for products that were essentially uh launched before they went public such as e-staking then that it just is bizarre right and that is something that will be fought in court and that is something the SSC would probably have no chance of winning in court because it doesn't really make any sense like why did you approve coinbase's IPO if you think that they have a product that doesn't meet the Securities regulations such as e-staking right or maybe an asset listing that was listed before the IPO here um but yeah getting back to the topic uh and it's not just coinbase right it's any any kind of crypto company in the US any teams in the US and individuals

they're not going to stick around if their entire livelihood is at risk they're going to move somewhere else and there's plenty of places in the world that are embracing crypto the the funniest thing is is that Hong Kong the other day actually legalized uh trading of large cap crypto assets and I'm sure they're going to do smaller cap ones as time goes on but Hong Kong in China is being more uh I guess like friendly to crypto it feels like at this point than than the US is which is which is insane uh Europe they've got a bunch of regulations they're putting in place around crypto um and they're actually trying to put things in place they're not they're not just um doing a regulation via enforcement uh crypto is is getting uh I guess more and more popular in in places like India uh the government's I think

warming up to that the Middle East you know as I said there's plenty of places in the world outside of the US that is that are more than ready to embrace crypto so I believe all the US is doing by attacking crypto by trying to stifle Innovation here is just shooting themselves in in in the foot and I think that's going to be uh the kind of theme probably for at least the next 18 months till the next election and that's the thing if the Republicans don't win right and Democrats win again you know who knows I don't know what the what the kind of uh their chances are of all that happening but that just brings more uncertainty but as I said I don't think Gary gensley himself actually wants to be at the SEC for that much longer he definitely has bigger Ambitions than

that so if he moves on it'd be curious to see who replaces him yeah I don't know there's so many unknowns here and that's why I hate these unelected bureaucrats because you don't actually elect the SEC chairman right uh the the party that you elect uh appoints them so or the President appoints her like Biden appointed appointed him right when he was elected so from that lens really you have to basically vote by proxy uh to get rid of those people which I I just hate I hate that system I really don't uh don't appreciate unelected bureaucrats they're pretty useless I think a lot of the time and they do these land grabs and these power grabs that don't really benefit anyone but anyway I think there's one more thing uh no that's it for the for the um the

enforcement action against coinbase hopefully that gives you a tldr it gives you some of my thinking around this I do have a lot more to say on this in terms of not the enforcement action against coinbase but regulatory stuff generally because I see a lot of people panicking about it from from time to time they're like oh my God you know especially when it comes to the prices they're like you know what what's gonna happen to the prices blah blah and I was talking to some friends about this today and maybe it's worth me quickly just breaking down the summary of of my view on this my view on this is is my view on on basically everything in crypto and and everything online it everything online and in crypto is an attention game right and the new cycle moves so incredibly quickly today we're

talking about coinbase tomorrow we're going to talk about something different by next week no one's ever going to remember this enforcement action against coinbase anymore until unless there's a major update right it's not going to be the Talk of the Town I mean the arbitrim tokens launching uh today everyone's probably gonna be talking about that right instead of instead of the coinbase action but my point here is that the regulatory stuff doesn't necessarily have to have negative impacts on the market prices because the market prices don't necessarily have to be dictated by the regulatory action and for my friends today I actually broke this down and I said you know let's go through each participant in crypto and how they think so you've got the regular Normie retail investor how do they think well they aren't here right now right but when

they are here they buy uh indiscriminately right they'll buy when this froth and fomo when the prices are at all-time highs they don't care they're low information investors they don't care about any of this regulatory stuff like they don't even understand half of it they just like number go up I'm gonna buy it right then you have the day trader they're here right now they're here all the time but they don't trade based on the news and regulation stuff they're based on technical analysis right they're based on these um these lines that they draw on a chart a lot of the time the regulation stuff for them they see that and they don't even compute that into their model of how they're trading they're trading based on Trends you know patterns uh different indicators they don't care about regulations then you have the long-term

investors they understand that short term is noise right and their long-term thesis on assets is based on a wide variety of things regulation may be what part of that but their the investment thesis is usually based on a wide variety of different things over the long term and will and actually has it modeled in to ignore the short-term kind of stuff unless the short-term stuff is is critical and existential then you probably pay more attention to it but stuff like the action against coinbase isn't existential to crypto right that's obviously bad but it's not something existential then finally you have the noob retail investor these retail investors are these noobs like the total Loops they Panic about everything right

and they'll they'll buy on um on on good news they'll sell on shitty news they'll just Panic right and this is because they don't actually understand that no one else gives a crap about the regulation stuff and no one ask gives you a crap about most other things so in turn this new retail investor is is using information that the market doesn't care about to make their decisions and that's that's kind of how I view it more more generally right and and going back to what I said about attention what has the most attention in crypto by far out of anything and what has the constant attention well it's the prices of crypto assets of course everyone's always looking at the prices doesn't matter if it's sideways going down going up everyone's looking at prices literally every single crypto

participant doesn't matter who you are if you're a developer if you're a Trader if you're just a Community member it doesn't matter what you are you are looking at the prices maybe you don't look at it every single day but you're looking at it very regularly everyone is paying attention to that whenever the price goes up it's all over Twitter instantly right because everyone's paying attention to that so Ergo when you reason like that you realize that all that matters at the end of the day is the price the price sets the tone that nothing else matters if the price is going up and you get really bad regulatory story news no one gives a crap about that because the price is going up they're like oh my God the price is going up who cares right so the price controls the attention because the

attention is focused on price the price is always in the news cycle so at the end of the day the price at least um and not just over the short term but the medium long term dictates everything nothing else really matters and now of course everything else plays into the price it dictates the price over the longer term and there are a million different variables here but in terms of the stuff that gets the most attention uh it's by far the price the regulatory stuff if you think that the majority of the people in crypto that are investing crypto are plugged in and smart enough to digest all of these regulatory actions and then make informed investment decisions based on them while you're kidding yourself because the perfect example here is that the merge we knew the merge was going to happen

for years and how many people thought the emerge was never going to happen until it actually happened how many people thought that the withdrawals weren't going to happen until it actually happened how many people look at things like the herfax sanctions and say the US government captured ethereum because they don't understand what's happening with with Mev boost so when you look at it through that lens when you actually understand that at the end of the day the new cycle is incredibly quick no one has the ability to digest everything and make informed investment decisions on their own they would need a team for that right and even the people with teams don't really care about that sorts of stuff and realize that the price dictates everything because the attention is on the price then you'll understand and why generally these things aren't as big as a deal as

they're made out to be but anyway I'm gonna as I said I didn't want to go too much on about that but that's how I generally think about these things and that's why I am pretty immune to panicking about these things and I will just report on them and I'll say if they're shitty of course I'll say if they're positive of course but generally I don't think it's worth panicking about anyway leaving it at that all right moving on so Brian had a another throw Brian Armstrong from coinbase had another thread a thread a tweet today where he said he overheard from Jesse and Jesse was saying on chain is the next online now this falls into what I've been saying lately about how coinbase is launching base because they want to push as many users as possible to use on-chain products instead of just

basically treading crypto on their exchange they want to get people actually using crypto and Jesse is at the Forefront of that of coinbase because he's the the head of the the base initiative here but you know Brian wouldn't have let Jesse do something like bass if Brian didn't believe in it as well so it's really really cool to see see this it's really cool to see the synergies here because I personally obviously want to see as many users on chain as possible and you guys know my view on this that I don't really consider someone who buys crypto and just stores it on a centralized exchange to be a crypto user uh crypto user to me someone who actually uses on-chain products it doesn't matter if it's on ethereum or another chain but someone who actually uses stuff on chain that to me is is a crypto user but anyway I just

wanted to highlight that uh one there um coinbase's wallet as a service that I talked about the other day has their apis now available for public preview uh so this might be something that's interesting for developers to have a look at I discussed this the other day so I'm not going to go too deep into this now uh but Yuga here from coinbase said you know there's no need for complicated cryptography or blockchain specific knowledge uh now building a crypto wallet into your app is as simple as calling uh coinbase's API endpoints and then the Yuga goes on to explain how this works in a Twitter thread which I'll link in the YouTube description below all right interesting project that I came across uh is something called a blob scan uh now I only came across this project today and they've announced that uh blob scam which is the first eip4844

blob data Explorer is making great progress since being a finalist at Heath Bogota uh they're dedicated to making blob data accessible and preserved for posterity uh here's a quick update on our roadmap now for those of you who may not remember blobs expire every I think the current spec is like every month so essentially what happens is the data is stored in the blobs is inaccessible um and it's just basically gone unless someone saves that data right now anyone can save that data it's it's not needed obviously the state is saved and the hash is saved and that's all well and good but if you want that data you have to save it yourself so blob scan is an initiative here that wants to do that they want to be a blob data Explorer they want to store The Blob data

themselves and offer this service to the community now I'm sure they're not going to be the only ones that do this I'm sure like eat the scan is going to do this and Alchemy and fury they're all going to do this right and even just hobbyists are going to do it like I plan to do it as well I have 100 terabytes worth of Nas storage that I'm going to uh that are that I can use for these sorts of stuff to just keep that there and the cool thing about this is that the data is hush so you can't actually if you alter the data people know that it's not the correct data because it won't match the hash that's actually permanently stored on chain so really cool to see more of these Services spinning up here I did mention that I I suspected these things would would be

made and would be created and obviously they'll monetize in some way to make this sustainable uh but yeah they've made the first block Explorer for 4844 blobs it's on test net right now which you can check out I'll link the thread in the YouTube description below for for you to check out if you want to but yeah you can click through it's quite basic right now you can see here the different blocks with the different blobs in here and the hashes and things like that but yeah very very cool to see this project and as I said I'll link it in the YouTube description below for you to check out all right so metamask has announced a uh I guess well consensus has announced that metamask institutional has in partnership with all nodes uh block Damon and Kiln uh launched a staking

service for institutional investors so they're going to be able to to basically stake eath which a bunch of so this is sorry this is an Institutional staking marketplace where basically uh the institutions will be able to select from a list of who they want to stake with and and and and and and trade based on that there's a little video here that's showing kind of uh Bridge asset you can Bridge assets across different networks you can stake eith you can see here I mean it's a bit hard to see in the video because the video is quite small maybe if I make a bigger here I don't know if you guys can see it oh you can you can I'm just seeing on my screen so you can see here that steak eth uh and there's a list of of um of who you can uh of who

you can stake with it's consensus block damn and Kiln in all nodes and then uh it makes it just very easy for institutions to get started here so very very cool to see this service from consensus and from metamask institutional as I've said before I suspect post post Shanghai we're going to see a lot more Eve staked uh and we're not going to see that massive unstaking of ether people predict that uh that that we're going to see all right so tycho's ZK evm Alpha 2 test net is now live as was the case with the alpha one test net it's permissionless for anyone to transact and Deploy on uh the big change is that's now permissionless for provers to generate proofs that's pretty big uh the fact that you can actually run approver on

Taiko right now uh on on this Alpha test net which is very very cool to see and you can get all the details about this in the uh in the blog post ER apparently their prover does not require that much Hardware though it's a 8 or 16 core CPU only 32 gigs of RAM and proof generation takes about 10 minutes and if renting a machine with the above specs it would cost about 15 cents per proof now obviously the proving time and the cost can be brought down over time but that's really great for the fact that you only need an 8 or 16 core CPU and only 32 gig of memory kudos to Taiko for doing that there that's that's that's really awesome but as I said you can get the full breakdown of the Alpha 2 test and all the details around it I'll link this

blog post in the YouTube description below but great to see Tycho making progress here I think that from memory there on their roadmap they plan to launch mainnet by the end of the year if not early next year so that they'll probably be one of the last ckvms to come online but they are building a ZK VM a type 1 ZK ABM which is the different to all the other ones out there the polygon one the scroll one um ZK sync and uh and a bunch of others out there I believe Tycho is the only one building a type 1 dkvm so I'm super excited for that of course uh but yeah anyway moving on so unisop has introduced something called a mini portfolio today it's a new way to view your assets uh on the unisob web app so you can see in the video here that you

can see your tokens nfts activity L peoples and more when you connect the unisop web app with any wallet this is pretty cool again this is unisop just bringing more stuff in-house for their users making sure that their users get a nice and beautiful experience when using the uni swap interface not just to swap things but also to view their assets and This falls into what they've been doing with the unisop Mobile Wallet app as well that I showed uh the other day or a couple weeks ago in the end when they announced it I don't think that's live just yet it's still on test net I think the Apple App Store is still blocking it from going live uh but yeah they can't block um I guess uh this this thing on the web app here so very cool to see this you can check out the video and the little

tweet thread here which I'll link in the YouTube description below all right speaking of uni swap Enzo here shared that he just paid his uni swap gas fee on arbitrim with usdc thanks to Soul wall now you guys will remember that Soul wallet is a account abstraction smart contract wallet that was uh announced the other day that they had raised around that I participated in of course uh and you can see here with account obstruction and smart contract while it's like cell wallet users can pay it can now pay gas with erc20s so people often ask me questions about this they say well if I can pay with usdc what do I need uh you know does that take away the value of eth as as used as

gas and I've long said that I don't think eats main value driver is its use as fees But ultimately the the fee is still paid in it because you're paying the fee on um the arbitrary Network to the arbitrim sequencer but then the sequencer needs to pay the fee on ethereum mainnet and the only um mainnet accepts the only fee currency that it accepts ultimately is eth right so ultimately the fee is still paid in eighth to the base layout and that's what protects its value especially with erp1559 where the base fee itself has to be paid in here there's no way around that the tip can technically be paid in other currencies um but the base fee has to be paid in eth and that's what protects the value then so hopefully that addresses that

concern but very cool to see this this is the power of account abstraction and smart contract bullets and I can't wait to see more Integrations come online here all right now to just round out today's episode was a service that was DM to me today uh uh from the queen feeds team so what they've done is they've basically crawled all of the daily way uh podcast whether they be refuels or amas or my old data dumps that I used to do and basically I believe used AI where you can now search for anything so you can basically search is eth money uh yeah I can type in Easy Money search it and it'll comb through all of the all of my podcasts all of my content and timestamp

where I talked about each being money or I mentioned uh ethe's money in a sentence or as part of talking about anything here which is insane you can ask it other questions you can ask what is Mev right uh and it'll come up and you search and it comes up very very quickly and it'll comes up with my AMA where I actually uh broke down what Mev was this is actually a mind-blowing tool for me because it basically means that you don't you guys don't need to actually ask me these questions again the Discord Channel or you don't need to uh to comb through all this content to to get to the the answer here you can just use this service now of course I'll link this in the YouTube description below uh but this is this is awesome I mean you can ask any question like I

asked what is ethereum's monetary policy and it even came up with results for that which I thought was cool because I don't talk about that that often but you can see here it's come up here and it time stamps it for you which is just insane right I love it absolutely love it I don't know what else to ask it right now off the top of my head but just anything you can think of you know what is about let's let's ask it what is base let's see what comes up when you ask uh what is base here uh uh yeah uh yeah you could say uh let's uh let's see or maybe it's not that smart yet it's getting confused between things like base fee and stuff like that uh maybe if I ask uh what is coinbase's Layer Two uh and let's see if

it comes up with with bass um uh no it comes up with a bunch of different things obviously still stuff to iron out here I believe this is just an early preview of what this can do but I think this is really really cool and I am looking forward to seeing this evolve but anyway this will be linked in the YouTube description below for you to check out but on that note that's going to be it for today 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