Cycles in crypto, Ropsten merge date and more - The Daily Gwei Refuel #365 - Ethereum Updates

Transcript

hello everyone and welcome to another episode of the delegate refuel where you cap the latest news and ethereum ecosystem i'm your host anthony designer and today the 16th of may 2022 all right everyone let's get into it so over the weekend i was thinking about i guess my journey within crypto and kind of like when i started to where i am today basically and in context of the markets not so much kind of like the fundamental side of things but kind of like i guess the markets the investing side of things and all that stuff there and i kind of put out this tweet today where i said it actually took me three quote-unquote cryptocycles to make it uh in 2013 you know i was around i bought bitcoin but i wrecked myself trading i i remember trading like doge and quark coin and things like that and i just lost so much

btc and back then uh btc obviously during that bull run peaked at about 1100 i believe it was uh but when i was doing all this trading i think it was like a few hundred bucks or something so it wasn't like a lot i didn't have much bitcoin back then um but and that's why i was trying to trade right because i was trying to like make more and um you know make it so to speak uh but then the market crash you know mt gox collapsed and i sold in 2014 because i actually thought bitcoin was dead like i was one of those people who thought bitcoin was dead crypto was there you know there was no ethereum or anything like that there was bitcoin and all of its forks and it was just like such a boring ecosystem if the price wasn't going up to be honest right especially

for someone like me who isn't into a lot of the stuff that bitcoiners are into uh like libertarianism and stuff like that like that's just not my jam it's not my vibe um so then yeah i came back in 2017 you know bought eighth back then wrote it up uh i didn't still didn't sell them anything right um i stayed for the bear market though and i bought more eighth and then 2021 slash sorry 2020 2021 my investments finally paid off and i ended this tweet by saying crypto investing is a marathon and not a sprint now i figured it'd be topical to talk about this today because i know the markets have been turbulent i'm not al i know a lot of you guys listening are kind of like first cyclers like maybe you entered in 2020 2021 um and kind of like you're you've just experienced your

first kind of like cryptocycle maybe you have made little money or maybe you made a lot of money uh but like it's not very common for first cyclers to to make enough to kind of i guess like be financially independent or make enough to kind of like um quit their day job or anything like that right it usually happens on the second or third cycles now for me it did take three cycles like because of the fact that again i didn't have much money in 2017 to invest that's always the hardest thing is like you like if you're working a regular job you don't necessarily have that much money to invest especially if you have other responsibilities like maybe if you're younger and you've been saving up for a while you can you can degen some some funds in there but if you're kind of like a little bit older

uh you have uh debts uh maybe you have a mortgage maybe you have like lots of bills to pay you have a car payments and stuff like that then you don't really necessarily have too much disposable income so there's like a massive difference between being able to put like a few thousand dollars into something uh rather than a few tens of thousands of dollars right because it just it becomes a kind of like an exponential thing from there so if you get a hundred x on you know maybe two thousand dollars that's 200k but if you get 100x on 10 000 it's a million dollars right so you know it's kind of like five times more than you otherwise would have gotten which is a massive difference like the difference between 200k and a million dollars is huge uh not just on a number basis but on what you can buy

basis because with a million dollars you can buy yourself a house right you can just pay it all off with 200k you're not buying yourself a house so and and it's always kind of like hard because maybe by the time you save up enough money the market's gotten away from you and that's what happened to me in 2017. i didn't have much money like i was a i was 24 or something in 2017 or 2025 or something um i was working odd jobs here and there in my early 20s still at uni stuff like that and i had finally landed a good paying job a few months before i started buying eighth but i i i kind of like got the money and i i because that was my first time getting getting a lot of money i i i spent all of it to be honest right i just kind of

didn't really have uh much of a i guess like a savings plan in place or anything like that i was living with my parents so i didn't really have any any debts or anything um so you know when i discovered ethereum i didn't have much money to throw at each and i also didn't want to throw my entire savings at it right like that would just be irresponsible uh so i didn't and then i had to kind of like save up more money and keep going and then the price got away from me and i actually originally did fomo in like i bought my first eighth it was very little it wasn't that much ether kind of like ten dollars uh i wish i could have bought more i mean i i could have bought more i had the money to buy more but i didn't because like it

was my first time buying it as i said i'm not going to throw too much money at it right i had no idea at that point like where it was going to go what was happening with it i just had some kind of like very very high level knowledge of what ethereum was at that point before i bought and then it went to 50 really really quickly and i'm like holy i just went up 5x i need to buy so i i i kind of like uh tried to buy as much as i could then and then it just kept going up right it got got away from me so quickly and then i stopped i stopped it got to like 200 bucks and i'm like no i'm not gonna buy here like there's there's no point right and the thing is is that it depends right there there was

a point buying if i had sold when it was like at you know a thousand dollars something like that it would have made money but i didn't plan to do that i'd always plan to be like a long-term investor so i saved money i kept saving money um and kind of like bought as much as i could but then stopped buying at about kind of like 200 bucks in 2017 then obviously it went to its all-time high of 1400 and i kind of like came down off of off of that but yeah i sold nothing during this that whole kind of like cycle i so i actually i think i've mentioned this on the refill before i've sold i sold no crypto until 2020 d5 summer uh that's when i started actually selling something so you know if you count 2013 as my first foray that was seven years i

didn't kind of like uh i didn't make anything because when i sold my btc in 2014 i was at a loss because i had traded away a lot of it um and i sold it once i'd come down a bit and it was i think it was about the the price that i bought it at but i was at net loss because of the the trading that i was doing so in terms of like actually making money and being profitable from crypto investing it took me seven years now i'm not going to say necessarily that's going to take you guys seven years to do that um you know i i expect a lot of you have probably already made a bit of money from this or cashed out like especially depending on what you got in and things like that right and there's also a lot of things to

invest in these days there wasn't that many back then um there's a lot more that you can invest in and that are investable right from a kind of like fundamentals perspective but i think the most important thing to to remember is that um as i said crypto investing is a marathon not a sprint all investing is a marathon not a sprint you're not guaranteed to make money let alone life-changing money i think what that's what a lot of people fall into they fall into this trap that they think they're like guaranteed to make money just because they kind of stick around right and that's like so far from the truth for for a number of different reasons i mean the most obvious reasons to me is that you could be holding on to the wrong assets like just because you're holding on to something doesn't

mean it's going to go up like there are plenty of assets from 2017 that never recovered after that bull run and if you'd been holding them this entire time you would never have kind of like made much money from them so that's that's a major thing there but also just on a pure kind of like percentage basis most people aren't going to make life changing money from crypto investing no matter what like i don't know exactly what percentage i could put on this but just anecdotally i would say that it's it's most people in crypto would not make life changing money and when i say life-changing money i mean kind of like financial independence quit your job sort of thing work for yourself that's just not going to happen for the vast majority of of people for for so many different reasons i mean investing

to me is one of the hardest things you can do in the in the world and and bull markets make it seem like it's easy no it's extremely extremely hard as i've said to you guys before so um but i do want to kind of like say that i think you're more likely to to make it you're more likely to make better investing decisions if you're kind of like totally engrossed within the ecosystem because i know some people who think that they can just throw some money at btc or eth right um not pay any attention to anything and just ride it up to riches at this point in time guys like as i've mentioned plenty of times before btc and ethe are not giving you a 100x right like eight for eighth to go to 100 x it needs to go at current prices to 200k right like yes

i've said before that i think my long term uh like long term five ten year kind of like target is like 100k or uh um and kind of like you know that that's not guaranteed to happen either but that's kind of like a thesis that i have depending on all of these things playing out like it's not guaranteed it depends on ethereum kind of like obviously being very very successful um but yeah the 100x isn't coming from that so unless you've got like and even in the kind of like medium term like if eighth was to go to like 30k or something or 20k from here that's a 10x for you to make it from eighth in that case you would have to invest hundreds of thousands of dollars in into eth and btc so that's another kind of thing the law of kind of

diminishing returns there for me i just got kind of like lucky with my timing that i was able to buy ether at a much lower market cap right as you guys know i bought most of my eight between one and two hundred dollars i i that was just my kind of like ticket to to where i am today even though i haven't sold any it allowed me to kind of like uh you know leverage um my uh my holdings to kind of like do other things with it but i think the point i'm trying to make here is that if you actually want that 100x you have to look beyond btc and eve and beyond btc and eth becomes very very very hard to invest in anything as i'm sure you guys have seen by now just how difficult it is you can ride things up

but are you going to sell at the right time because they come down very very quickly right and you don't even notice like you just end up holding something without even realizing it so i think that's just kind of like the bit of wisdom that i wanted to kind of like impart on you guys and i wanted to kind of like uh um kind of like uh say that i think that what i was just saying before that if you're kind of like paying attention to the ecosystem getting more involved in it getting involved not just from like an investment perspective but also from like a personal perspective where you're getting a job maybe you join an early stage startup you get equity get token sort of thing and that's kind of like becomes your ticket sort of thing or maybe you just don't care about being

financially independent and you're you're fine working for a team or whatever because you're happy doing that right like there's nothing wrong with that at all i think that's another thing people get into their heads is that oh you know i'm not going to make it i'm not going to be able to be financially independent um you know that you know that kind of means i'm not going to make it no making it mean something different to everyone like there's making it financially and then there's kind of like making it from a personal perspective and a fulfillment and happiness perspective like for me personally i mean the money that i have would mean absolutely nothing if i wasn't doing what i love and what i love doing is is what i'm doing obviously with the delegate and everything i do in the ethereum ecosystem but if i was just

kind of like sitting around with all this money and i was like okay well i can do this this and this and but but like this this and this is like you know go on holidays or kind of like do whatever i want because i don't have to i don't have to work or something like that i would be bored instantly i would feel so because i would be getting no fulfillment or happiness from that no long term fulfillment happiness from that and it just wouldn't result in a good outcome for me personally so i think there's plenty of people like that who i mean they're happy just kind of like working and just being financially secure not so necessarily financially independent uh as long as they're loving what they're doing and i think that should be a goal for everyone like i think the goal shouldn't be to

kind of like make enough money to be financially independent or to buy a lambo or anything like that maybe you're into that i don't know but i feel like a lot of you guys aren't into that but the goal should be in terms of like if you're looking for long-term fulfillment and happiness the goal should be just to find what you love and just like put all your energy into it right um because at the end of the day like money is so fleeting guys like and take it from me money does not buy happiness like it buys you nice things it buys you time but it's not going to directly buy you happiness it's not going to buy you that long term fulfillment and that's why you see a lot of people who you think you know may be very happy a lot of rich people that

they end up depressed or they end up sad so i just want to kind of wanted to kind of like talk through that i know i've spent the first 10 minutes doing that but i feel like you know at times like these when the market's a bit shaky uh these kind of like things are probably important to kind of bring up and and kind of like reflect on my journey because as i said i was like i've been through everything in that this kind of like uh i guess um that this kind of like ecosystem has to throw in terms of like the market um at this point i think uh maybe there's other things coming down the line that that will kind of like shock me but the the funny thing is like the things that i consider crazy these days are like the

really rare occasions like the terror explosion and stuff like that that's that's kind of like what uh what impresses me these days right everything else is kind of like uh yeah okay been there done that blah blah whatever sort of thing so anyway i'm i'm going to stop there because there's a bunch of other things to get through as you can see from my tabs here just wanted to kind of like bring that up for you guys there all right so i shared this uh over the weekend uh i finished listening to this podcast on bankless with uh hal uh press from north rock digital which is uh which is a kind of like eighth only fun here guys like i'm not being kind of like i'm not exaggerating here i i captioned this tweet by saying i didn't think there was anyone left who could make me even more

bullish on each but i finally found someone i i'm being serious here like it is incredibly rare for me to find someone who can make me more bullish on eighth the last person was pioneer before that i don't even remember uh maybe justin drake went with the ultrasound money stuff um but it's very very rare because i'm so bullish on eath already i'm already engrossed in it i i know the bull case back to front i you know i know everything there is to know or so i thought what hal does in this podcast is he brings together all of the existing stuff that i've already spoken about that bankless has already spoken about that so many people have given the bull case for for ethereum and he puts it in a completely different light i got goosebumps at least two times during the

podcast like actual goosebumps as i was listening to it i was like holy because i had never thought about uh kind of like specifically the merge like what hal had thought about it even though i had discussed it in a similar way i just hadn't thought about it in the way that he thinks about it and he has such a great view on just crypto investing and kind of like the macro scale on in crypto in general i cannot recommend this enough if you haven't listened to it yet you need to listen to it like stop this right now stop the refill right now and go listen to it if you have to but but listen to it after it if you want as well um i was just absolutely blown away uh and i'm actually i actually have a call with how i'm going to be talking to him uh i'm

looking forward to that chat because like honestly guys it's it's as i said it's super rare for me to find someone that makes me more bullish on ethan when i do i want to be able to kind of like share that with you guys make sure that you're on top of this and make sure that you see what i see and all the replies to this tweet were basically people being like holy that was an awesome episode you're right you know and this guy here said i literally sent that video to my friend and told him this guy is even more bullish than cesano and look to be honest he may he might even be bullish more bullish than me i didn't again i didn't think that was possible but you know here we are right um so so that's another thing to kind of like do especially given that

the market's down right now this might give you uh kind of like some more things to think about when it comes to ethereum's longer term kind of like uh oh sorry the e longer term bull case but specifically around the merge so anyway go give this a listen highly recommended all right speaking of bullish things the ethereum robston testnet is going to be doing the merge on june 8th or approximately june 8th we obviously don't know the exact date because of the way the merge kind of like happens with ttd and stuff like that but it's around june 8th now as i've said to you guys before this is the final step before mainnet there are three test nets i believe going to be running through the merge transition and i think they're going to be two to three weeks apart so if all runs smoothly if there are no major bugs

if there are no kind of like things that hold back kind of like the timeline here this is how i'm envisioning it please don't quote me on this but this is how i'm envisioning it june 8th we have robston two to three weeks later we have another public test net run through the merge two to three weeks after that we have another one and then a month after that we have uh the main net merge now in terms of timelines this puts us at mid-august for mainnet merge so as i'm saying to you guys before like august was kind of like what i was thinking it seems like it's going to be august uh based on everything else that i'm seeing and on top of that um i think that in terms of percentages zero percent chance for july i would say 90 chance for august and 10 chance for

september the reason why i put that 10 for september is because if there is an issue with any of these public test nets if there's a bug or anything that's going to add a bit of time on to you know on to kind of like getting it out if it happens on the second public test net that's going to probably add maybe a couple more weeks on to getting the third one kind of run through the merge right and all that sort of stuff there so it could still happen in september but my money at this point in time is on august i see no reason to kind of like think that it's not going to happen in august especially because of the fact that uh we've already got like the first public one going live on june 8th first public test net going live on june 8th uh but

yeah as i said if there are any issues with the public test nets uh going through the merge then it will add time onto it and we may have to push into september which might mean we have to even do a separate fork which could uh to delay the difficulty bomb which you know would definitely push it into september so that's kind of like my thinking around the merch right now but as i said guys please don't quote me on this there is no timeline given this is my own personal timeline based on me listening to core dev calls reading through notes reading through you know all the kind of like literature being published on this sorts of stuff and just kind of like a bit of a gut feel as well so let's kind of like keep it like that for now but very much looking forward to

seeing robsten run through the merge on june 8th and speaking of uh the merge there's also going to be another mainnet shadow fork happening this one's number five on may 19th so all the links are here for you to kind of like go check out this uh tweet will be linked in the youtube description below for you to check out there uh tim biker put together another uh thread on the all-called devs meeting that happened last week so this is a recap here i think the biggest thing that come out of the the meeting was definitely that robson announcement but you definitely give the thread a read if you want to learn more about everything going on with accor debs here and just quickly another thing that tim biker uh kind of like put out today another tweet he put out today was he says a question i've

been getting asked a lot lately is why the validator size on ethereum is 32 8 rather than say 16 or eight vitalik has a great explainer here and also covers many other parts of ethereum proof of stake which you can kind of like check out i'll link to the nutri description and then he explains like i'm five below in the next tweet where he says metallic highlighted p2p networking as one of the areas where r d contributors could be most impactful for ethereum improvements there directly translate to better resilience and the network level or potentially lower minimum stakes okay the explain like i'm five is in this tweet here sorry so i think i brought this up um uh maybe on the refill when this happened because this tweet was put out on april 29th but the explainer like on five version of why 32 ether is

required and you and you haven't got lower eighth requirements is that it's based on the validator account so the more valid that is there are the more messages on the p2p network the more bandwidth used by nodes the higher node requirements which which would lead to less nodes more centralized networks so there's a trade-off between the cost to be a validator and the hardware requirements to follow the chain it's also a stability thing so that's why it was chosen it wasn't chosen based on some arbitrary eighth number it was chosen based on what you know tim says here with the validators and overheads and things like that as well so i'll link this in the youtube description you can go check it out all right so speaking of staking on ethereum uh leo gellistic oh man i'm kind of totally butchering that but i think his name's leo here um

can i put out a tweet thread uh where he starts it off by saying you may have heard that ethereum's proof of stake protocol is facing a centralization problem in this thread i'll explain why this is happening the solutions the community is pursuing and how you can help i'm not going to go through the thread i'll link it for you to check out highly recommended read it's actually a really great overview of kind of like what's going on right now um i did want to kind of like give my own two cents here on centralization of steak i think people like overestimate how much or i guess like over emphasize how much of an issue this is it is an issue but i think that what makes ethereum strong or what makes a theorem proof of stake strong is that it has many defenses against centralization within

the stake like both in protocol and extra protocol and by extra protocol i mean at the social layer so just to quickly run through this here if anyone attacks the network without the majority share of the network uh they will get slashed and if they do it with the majority slash in protocol and if they do it with a majority share they would get slash extra protocol the social layer would slash them because the community would come together because ethereum has a very strong social layer and say hey this isn't you know this goes against the rules this is a slashable offense slash them get rid of them kick them out continue on right so i i i don't think it's a huge issue i do think that it becomes a big a big issue uh when you kind of like consider things like censorship because if you

control over 33 of the stake you can uh do censorship on the network and that's obviously a big issue but i i just feel like and it's very hard to slash for censorship it has to be done extra protocol it's very subjective it's not something that uh is very clean like what the imp protocol slashing is um but other than that uh i think that just generally it's not as big as an issue as people kind of like uh i think it is and i also think it's a very hard kind of like problem not a very hard problem it's a very hard thing to kind of like have an accurate read on right now because staking is only one way so i i want to wait for with the withdrawals to be enabled on the beacon chain to see what the actual stake distribution looks like

when there's a two-way thing where you can actually exit steak you know re-enter through something else and and and kind of like go on from there because right now it's one way there's no way to exit like even if you sell your you know if you've got a liquid staking token like st and you sell it um because you're done staking so so to speak the eighth is still in the beacon chain the eighth is still staking because there's no way to exit that eighth yet so that's what i've kind of like uh uh based my thesis on as well like i i i i i told you guys about my thesis called the great reshuffling where i think that once withdrawals are enabled we're going to see a pretty big moving around of stake and it's going to go to different places and and kind of like maybe some

more goes to solar staking maybe you know kind of like shuffles into pools and stuff like that but that's kind of like how i'm viewing things as well there so anyway i just wanted to highlight this thread from leo it'll be in the youtube description below so ryan weyout from polygon studios today announced that they are working closely with a variety of terror projects to help them migrate over swiftly to polygon we will be putting capital and resources against these migrations to welcome the developers and their respective communities to our platform we will be sharing more soon this is really cool i was actually thinking about this just before what happened to terror like is is pretty intense right a blockchain actually pretty much died um which is something that has never happened before i think blockchains

usually just fade into a rebel irrelevance or turn into kind of like zombie chains they don't actually die but but like terra's dead right there's nothing salvageable uh in terms of kind of like the the old terror like they would have to fork to a new one you know maybe kind of like or fork back to the old state and kind of like start again restart the the chain so to speak because its current state is is just it's screwed right and if you do an analogy here and you think about this this would be like an entire country just disappearing right and all of its citizens and its businesses and its kind of like economic activity just gone right um and like in no man's land like the developers and

and the citizens are still there but all their businesses are gone all the infrastructure is gone all the economic activity is gone and now they're looking for somewhere to go and look it's not even just about like a country being kind of like removed from existence like we already have real world examples of war-torn countries where things just go to and people are like well i have to leave the country now and like they go and be you know become refugees on other pla on other in other countries it's the same thing here there's a lot of terror developers and community members who are now basically refugees of that community and are looking for another community to join or maybe they join multiple communities so i think it's good that polygon and other kind of like ecosystems within crypto are doing an initiative where they're reaching out and being like hey

guys like you you know your project can migrate here we'll support you we'll help you along the way and um and kind of like then you can kind of like start to rebuild and i think this goes back to a lot of stuff that i've spoken about in the past about how liveness of a blockchain and kind of like securing decentralization are absolutely critical for long-term sustainability because the worst thing for a developer is building on a platform that just kind of like fades into irrelevancy or just kind of like disappears because then they have to kind of migrate migration isn't an easy thing depending on on kind of like what uh what what the product is so i think from that point of view i think this has showed a lot of developers now that hey you need to be building on solid foundations like

building on shaky foundations can really screw you up and really ruin your project because all the terra project tokens are just completely wrecked right at this stage um and and kind of like the product is not able to be used because the chain is basically dead and and yeah like just thinking through it all is pretty crazy when you when you keep thinking about it like i've had time to process that whole terror incident now and it's the shock is gone but the craziness like when i keep running through the motions in my head is still there so just something that i wanted to share with you guys but um good on polygon for kind of inviting the um the terra ecosystem or what's left of the terror ecosystem to come build uh with their technology all right so uh this hits home here so

australia's first btc and eighth etfs have launched uh in by siebel sibel cboe australia and etf securities now obviously this isn't like a huge deal worldwide because australia is not the us um and australia is kind of uh very very small compared to somewhere like the us so an etf being launched isn't that big of a deal for most people but i think it's quite a big deal because australians actually have like a pretty big representation within crypto like there are a lot of australians that own crypto i was reading an article before that the ato which is the australian tax office has um flagged i think 800 000 uh people um that have kind of like used crypto exchanges or you all kind of like interacted with crypto now i think that

would be like just an estimate so it's probably higher than that uh for context australia's population is about 25 million you can remove pretty much like um you know everyone under 18 from that and then you know and maybe everyone over a cert like most people over a certain age like 50 or 60 or something like that because obviously most people investing in crypto are are kind of like um maybe between like 18 and i guess like 40 or 50 sort of thing and if you kind of like take that into account that's a lot of people from that pool you know from the pool of kind of like people who are going to invest in crypto that's a lot so i think that we're batting above our average in australia and i think that these etfs are going to be good for people to kind of like uh be

able to to kind of like buy these things instead of just the the um the spot market stuff because for tax related purposes and stuff like that but yeah cool to see that australia got their etfs it feels like every country is going to get an etf except before the us at this stage right but anyway i only got a few minutes left so i'm going to rush through the rest of these updates i just wanted to kind of shout out that sushi swap is now live on optimism so if you're a sushi swap user whether that be you know like you like it for swapping or liquidity providing you can go now use it on optimism um you know if you're already on optimism very simple for you to do so if not you can bridge in and go use it there all right uh this was kind of like news

out of uh the lfgo luna foundation guard kind of like today about what happened to their reserves so the trdr is that they basically are the worst traders uh one of some of the worst traders in history they claim that they sold a lot of their reserves especially the bitcoin that they had uh to uh into ust to try and defend the peg obviously that that didn't work so now what what they're left with is i think 80 million dollars worth of assets spread between btc bmb avax ust and luna from the original ser something billion dollars i think there was a couple billion dollars or something like that of assets so they've just completely wrecked their treasury they're saying they're going to use these funds to make users whole while there's not actually that many funds

there to make users whole with ust is not going nowhere luna is going nowhere in terms of value yeah it's just not a great situation at all and um and i think that uh this kind of like is is a really bad look for them if they are telling the truth about what they did with it uh they basically burn their entire treasury to defend what is now a completely failed stable coin so anyway i just wanted to kind of like update you guys on that the thread will be linked in youtube description all right just to end us off here i have a four four shout outs i want to make so first shout out bitcoin grounds round 14 is coming it's going to be taking place from june 8th to june 23rd as you guys know i'm a big proponent of public goods funding if

you're interested in playing part of the matching round you can kind of like put funds up for that or if you're interested in just donating well june 8th to 23rd you'll be able to and your donations are going to get matched next up uh kid is back with a new nft piece uh that he's doing here called cascade as part of his world of ethereum collections you can see the kind of like trailer uh the video trailer here of what this is um and kira's kind of like uh describing this in his tweet by saying the markets melted down in a fiery cascade among the panicked masses flood class leviathans flocks are followers in their wake desperately following the false prophecies into the long dark so this is a one of one nft it was for for sale uh today which was may 14th there 25 of the proceeds are being

donated to the protocol guild uh which is which obviously directly funds ethereum core development which is very very cool so i i think this is is this still on sale right now i can't remember i'm gonna just quickly check this for you guys um i think yeah it's still got a reserve of three epr um and kind of like you can go and place a beer in anything on it if you want to and kind of like own this piece of bar you can it's bet it's a kind of like clear picture here rather than the trailer but yeah go check this out if you haven't yet just supporting kid air obviously because he was uh the one who did the uh delhi anniversary nft as a lot of you a lot of you own right now all right so uh superfish shared today that there's 10 days left or well this

was from may 14th so there's like eight days left now to contribute to the funds matching round at qf.eatstaker.cc to support staking tooling on ethereum pro tip project entries technically closed today or may 14th but they're still accepting new entries but yeah if you want to donate towards making staking easier for everyone then this is where this is the project to donate to this is a pure public goods donation uh definitely go check this out at qf.eatstaker.cc and final shout out just quickly here i did a podcast uh or a live stream with david hoffman on saturday or saturday morning my time and uh eric connor actually ended up joining in the last kind of 15 minutes we talked about terra the old towel one stuff and all the

other stuff that happened last week um all about the merge bullish merge stuff and bear market lessons and you know just a bunch of other things it was a really really good podcast i actually live stream i actually really really enjoyed it and there was a lot of valuable insights in there so if you haven't yet definitely go give that a listen but that's going to be it for today so thank everyone for listening and watching be sure to subscribe to the channel if you haven't yet give the video a thumbs up subscribe to the newsletter join the discord channel and i'll catch you all tomorrow thanks everyone