Dappland.com launched, Social decentralization - The Daily Gwei Refuel #462 - Ethereum Updates

Transcript

hello everyone and welcome to another episode of The Daily gray refuel where he kept the latest news in the ethereum ecosystem I'm your host the Anthony's assignment has the 6th of October 2022. alright everyone let's get into it so some news out of cloud flare today and a thread posted by Michael zoltu here where he says or he asks why is cloudflare censoring static files hosted on ipfs historically you have been a strong proponent of censorship and have tried to avoid censoring unless you absolutely have to the code which is uh which is what is on ipfs is explicitly not sanctioned and this is referencing the fact that cloudflare is censoring the ipfs uh uh I guess like um sorry the tornado cash code that's hosted on ipff ipfs now we know given a recent uh

clarification from the U.S treasury Department that this is not required GitHub put the code back on their website right because it is not required as part of the sanctions so why is cloudflare censoring here look I don't think they've replied to this I don't know if it's still censored at time recording but I wanted to have a little bit of a discussion about the implications here and everything surrounding this I know I've talked a lot about the tornado cash sanctions before I mean on the refill plenty of times but there's one specific topic that I want to dive deeper into or specific kind of variable here that I want to dive deeper into and that's the one of people not knowing what to do like this is the issue with all these sorts of things like this is the issue with financial regulations this is the

issue with the SEC not giving guidance uh to teams you know whether they're things are security or like what to do to not be a security or what to do to be classified as a security or you know all these sorts of stuff no guidance things like that there's different kind of regulations per country so basically it it's really hard to do anything on ethereum because ethereum is a Global Network so we see defy apps censoring their front ends for us users and then we see some going really really um far by not even air dropping their token to us-based investors and users right so there's all this confusion so who is this actually how helping like what what crimes are being prevented here who are who is being held by this who's being protected by this it doesn't do any of

that like I'm looking at all of this and I'm just saying fragmentation I'm just seeing frustration I'm seeing people just confused over why this is happening and I'm seeing a lot of people are not not understanding uh why and how this can happen like there's um I think uh uh Lyra Finance which was talked about in the Discord Channel started uh Banning us users or I'm not allowing us users to use their platform or use their front end and I explained well that's you know it's a front-end ban you can just use the uh the back end infrastructure if you want uh because that's still decentralized but like I even saying that I kind of felt a little bit gross saying that because I'm like I can't just keep saying this to everyone I can't be like oh just go use the

contracts bro you know just go interact with the thing on the Chain like that's not a scalable thing yes other people can build front ends on top of these things but I mean Lyra as exists today just as an example he's not big enough to attract developers who want to build those sorts of front ends and things like that and we're not there yet obviously it's going to be a slow Journey but just saying to people that oh it's okay like if you're a US person you can just use the uh you know a different front end or you can just use the default contracts I don't think that's enough because like at the end of the day there as far as I know there is no actual legal requirement for these platforms to buy U.S users they're just doing it because they don't want to get

in you know they don't want the the long uh I guess like reach of the US I guess um uh law or I guess they've sometimes referred to as the world police are reaching them and going after them and making their life miserable so what you're really just getting here is that massive chilling effect that I've spoken about plenty of times before where the government doesn't really have to do anything The Regulators don't have to do anything they just scare everyone into submission that is not Freedom right that is not what a democracy should be about like if we are always talking about oh you know we're in Western democracies they're free uh you know you're afraid to do what you want in the confines of the law that's all well and good like I'm I'm happy with that I you know I I think that's an amazing system

uh obviously it has its faults no system is perfect but you know it gets even worse when it's like okay well you know people are trying to follow the law they're trying to follow the regulations but the thing is is that a lot of this stuff has no Clarity around it could you imagine if you were went to the government just as a hypothetical here you went to the government and just straight up asked them you know is murder illegal like as the most obvious example and they just said to said to you I don't know I don't know is it illegal isn't it illegal maybe you should treat it as being you know illegal or not illegal just in case we get you know you get in trouble for murdering someone right like that's what they're doing with these Financial regulations within crypto especially

they're basically sitting on their hands saying maybe it's illegal maybe it's not maybe you're doing something wrong maybe you're not it's up to you to figure it out and the default that people will do is obviously take the path that doesn't end doesn't end up with them getting in trouble so if someone tells you murder me or may not be illegal well you're just gonna basically say or just basically go with the default of well I'm not going to murder anyone because what if it is illegal then I'll get in trouble right and you can see how this extends to to the crypto space with these regulations and with these defy teams all these teams building DFI products not wanting to take the risk because even if it isn't technically illegal to prove that would obviously be costly and if it ends up being illegal

because uh they weren't able to fight this in a core and and the um the regulator one or something like that they'd be on the hook for something that to them is easily avoidable because they can just do a Giro block right on their front end they can just say okay we're just not going to allow us uh investors or users because we have no Clarity here so let's not risk it so to speak like that's how insane it is and I don't expect that to change anytime soon the US has always been like this when it comes to financial regulations like for for a very long time I went back and looked it's been like this for a very long time and it just got worse and worse as time went on especially in the digital age because of the fact that uh the law moves extremely slowly regular

lighters move extremely slowly right and the digital age especially crypto moves so quick it moves incredibly quickly like it's funny how long it took for uh proper um tax guidance to come out about crypto uh for just like the most basic things you can do in crypto do we have any proper tax guidance around D5 around what happens when you wrap your eth in you know wrapped ether in some jurisdictions that's classified as as a capital gains event or a capital um loss event depending on if you gained or lost but in others it's not and you could argue like it you would have to go to court to argue this if if the tax office came to you but you can make the argument that it's not because when you wrap your eighth into wrapped Eve it's still the same asset yes you're getting

a different token but the asset Remains the Same like wrapped Ethan Eve a one for one like there's no uh change there in the um in the underlying token uh it'd be like putting your dollars into a bank and then you just get like JP Morgan dollars for example because technically when you put your dollars into a banking I'll put your fee into a bank account you get an IOU from the bank and they and that's what you have when you do internet banking and things like that that's just numbers in their system like that's not actually them giving the cash physically to someone right whereas with crypto it's digital cash so it is like that but at the same time it's the same thing like you're just converting your eighth into wrapped ether which allows you to use it within D5 but it's not a new asset so that's an

example of something that still has no real Clarity around it there is Clarity from specific bodies and the tax officers can usually give Clarity but the thing is it's not legislated by that point because it takes forever to get new legislation in so what it is it's basically our oh maybe this is this maybe this isn't here's our guidance and that is good and you know to a certain extent because at least it gives you something to to use if you had to fight it you could basically say well here's the tax website saying that this is how they treat it yes technically it's not you know legislated like this but this is a government body saying this this and this you would have a really good chance of winning that case but the problem is is that you'd have to actually go to court to do this and you

have to spend all this money to do it it when it should just be clear and I know there's a lot of complexities around this it's very hard to be clear about certain things but the way that it's been happening in crypto across every institution SEC cftc of fact no matter what it is there's just no Clarity at all like there's nothing really I mean I think the tax office would be the in the US at least would probably be the one that's given the most Clarity so far and why do you think that is oh well because the government gets money out of it like it's you know like I think it's pretty obvious why there would be oh okay maybe we should give Clarity here so that we can actually collect more taxes whereas these other institutions the organizations that don't care for them

it's like well let's scare everyone into submission and let's go after the people that uh that didn't basically do what we scared them into doing let's let's say that this was a security let's find them let's collect some money so it really I mean it boils down to money and power at the end of that like everything really but I think it's very important to realize that these things are happening and that they will continue to happen and why you see things like cloudflare here centralized you have us-based company censoring these uh files hosted on ipfs even though there is literally no legal requirements to do it and going Beyond this this the um US Treasury Department has actually given clarity as well saying that this there's no requirement here but I guess they're erring on the extreme side of caution or

maybe they just aren't aware of this which is even worse right I would I would say and on top of this I've just been talking about the US predominantly here every single nation stay every single country in the world has different laws and regulations that does not compute that does not work with a Global Network with a credibly neutral Global Network like ethereum and you can't actually enforce this on ethereum itself uh there are certain actors within ethereum that will be in for that this enforcement will uh will influence such as I've been talking about the Mev blue boost block Builders uh using the relays that are censoring but the ethereum network itself the what ethereum is which I'm actually going to talk about at the end of this um this episode as well and all the builders is on the network and all the validators

everything you can't force them to do your bidding ethereum is a global decentralized censorship resistant Network obviously made up of humans but there is always going to be as a certain uh I guess like hold out or or a um a certain I guess cypherpunk uh section of though that community that basically says screw it to every government even though there are obviously risks involved with that but uh yeah that's my little rant on that today you can read this little mini thread from Micah for some more details on this I'll link it in the YouTube description and below all right so speaking of Mev boost Terence from prilat has put to put out a tweet today saying Outsourcing your mainnet block Construction Construction to something like Mev boost increases block arrival latency uh Terence sampled

15 000 plus blocks between September 24th and September 30th on his home knock with 300 megabits per second bandwidth normal blocks come in in 1.158 seconds Mev blocks 1.624 seconds and Mev blocks resulting in 40 slower to arrive a time so I'm not gonna say I totally understand the implications of slower blocks here I think the biggest implication would be that the efficiency of your I guess like client and of your rewards would be less than someone that wasn't running Mev boost but it could end up just netting out anyway because of the fact that you're getting the extra revenue from running Mev boost here but this also affects the whole network as well right

like we obviously want blocks to come in as fast as possible and uh the slower they come in the less we can actually do in terms of uh scaling the base layer as so skating the base layer via maybe a block size increase so to speak right increasing the throughput there because that would increase the time to arrival for blocks and make the network uh potentially unstable and things like that so yeah I mean this is I guess like logical that it would result in something like this because you are adding an additional piece of software to the the beacon chain so that has to kind of do those extra computations and all that extra processing but that's a pretty big slowdown 40 slow to arrive than the normal block CR it's not an issue right now but it may become an issue in the future when we try to

increase the the um I guess like uh maybe block size might be the wrong term here I'm trying to think of a better term but maybe increase the the throughput of the the beacon chain and increase the kind of like data data throughput of what needs to be verified but uh it's good that Terence has looked into this uh it's good that it's being looked at I think it's pretty cool because these are the things that inform certain decisions around certain protocol upgrades like this is the stuff that that they look at because at the end of the day every protocol upgrade needs to be done in a way that won't actually uh negatively impact the network I mean that's obvious but we don't know everything about every upgrade and like a lot of the time there are the things that we know there are

the things that we don't know that we know we need to know and then there are the things that we don't know that we don't know which are the scariest things because like those you can't plan for those are typically like the black swans but like gladly or luckily there's not that many of those things but that's why you do these sorts of tests you do these sorts of benchmarks and and look at these metrics you try to find as many of these things as you can sort of like how we did it leading up to the merge itself we tested everything we could think of and then we found things that we didn't even know were there um there was actually one fun bug once around I believe um I can't remember exactly what it was but I think it had to do with TTD but there was one fun bug

that no one had thought of and that came to light during testing uh because of the fact that I think a test net was different to mainnet or mainnet was going to be different to the test Nets in terms of one variable there I can't remember exactly what it was but I do remember it happening because it was a pretty fun little thing and I thought well okay that's why we do our testing right but yeah just a cool little tweet here from Terence today all right so etherscan has made some updates to their block scan chat it is now end to end encrypted you have a contract address sign in and uh which means that you can sign in with smart contract wallets I believe and browser notifications with more coming soon so you can see the thread here for full details on all these upgrades but you

may have forgotten that etherscan offers this uh end to end now encrypted chat that you can use with your ethereum wallet whether that be uh you know ens or otherwise it doesn't really matter and you can come up here you can see on the left hand side pane as someone such like obviously this vitalik.eth there obviously I have sasol.af I think I have conversations in there from just random people trying to message me I check it from time to time and I'm like okay now this is cool but at the same time it opens yourself up to spam if you're a I guess really public person with a Public ENS and things like that but for more of those private Communications I think it's really cool because it basically turns your ethereum address into a way to communicate with other ethereum addresses through now and end-to-end

encrypted chat app so kudos to eat the scan for building this and also improving it I think it's pretty cool all right so for you developers out there optimism Covan has been fully decommissioned optimism girlies optimism soul testnet and a place to experience and test Bedrock upgrades first hand all the info is in this blog post as I said this was one for developers just wanted to give a shout out there for any developers that may have missed this maybe you're interested in developing on optimism uh Covan has been fully decommissioned is Now offline the girly optimism test net is the main one it's the only one that exists today and you'll be able to go on there and test out all the stuff coming with bedrock uh so yeah I'll link this in the YouTube description below for you to go check that out

all right so we have something new from Argent here today called dapland which they're calling the best place to find and explore leading daps across the Stark net ecosystem to find Team info audits token information and much much more at dapplan.com this is really cool I like the way this looks it's even got a night mode which I should turn on um it's really cool because you can see on the left here you can sort by the different categories on-ramps Bridges D5 games nfts whatever you want and it'll show you things on on starknet so let's go to games then we can see all the things being built on starknet we can click into one of them let's click into influence actually I've talked about them before let's click into them we can see a little bit of a description you know visit their website links tags

screenshots and some information about when it was founded if it's got audits has a token blah blah uh which I think is obviously very relevant information there's a there's things for defy in here as well I mean I'll let you guys go and check this out for yourself but I love these sorts of things this is how people are going to be finding apps uh and you know I've talked about discover ability before we need more and more of these things as time goes on because there's just more and more of app that these apps popping up and we need a way for people to be able to find them I know Zappa has been working on a lot of features around uh discoverability within their app as well which is very cool but this is just another one and right now it just covers the stock net

ecosystem I'm sure they're going to add other networks here especially ZK sync since Argent supports CK sync uh and obviously ZK sync 2.0 with ZK VM is coming out and I think 22 days now it's pretty close um but yeah you can go check this out for yourself you can even add your own dap if you're working on one here which is very cool uh but yeah I like these sorts of things I mean it reminds me of those old internet directories that people used to need to use to find certain websites and things like that before the internet became extremely centralized uh right where you know I was thinking about this today while looking at dapland I was looking at uh thinking about how many websites on the internet do we actually use like we don't use that many websites day to day I should say right

um and uh they're all the ones that everyone knows about like for me personally obviously I use a lot of Twitter I use YouTube a lot actually I'm I'm pretty uh pretty addicted to YouTube I love watching things on there um I don't use Facebook uh I barely use Instagram um I use Reddit uh ETA scan obviously and a few dapps here and there right but like really I mean I and I'm a power user right like I think I'm on my computer all the time so when you think about it like that is crypto going to end up like that is web3 going to end up like that where we just have a handful of these apps that dominate I think inevitably it will look a bit like that just because of the fact that I mean human attention span is

limited our uh I guess like brain is limited in what we can remember and also things tend to have that kind of like you know um that distribution of the top apps have a lot of the percentage of market share and then you have like a long tail which is fine uh but it's gonna be curious to see how it works within a decentralized ego system as well because you could have the underlying app itself let's say lens protocol and you can have like 20 different front ends built on top of lens protocol will we have equal distribution between those front ends I don't think we will I think there will be like a long tail of front ends that aren't really used and they'll maybe be like two or three major ones that's still better than the status quo right now you can only really use Twitter with

the Twitter app they killed off a lot of the third parties that they supported I think most of them have been killed off so and those third parties can't access the same stuff that Twitter can access either so you know with lens protocol for example there could be two or three front ends that dominate but they're much much better and the switching costs are really low because your social graph your profile your data is actually stored on chain it's not stored on the front ends themselves so all the important information can be taken from one front end to the other which I discussed yesterday I believe but that's the really cool thing and that's the key difference between modern web 2 and and what where the the direction web3 is going so yeah it remains to be seen how that will shake out but I'm pretty

confident that we're not going to just have these monolithic one uh I guess like um one website things that people go to there will definitely be a handful of them that dominate that maybe talk to one app so for example uni swap dominates the amm space but there's many different interfaces to access uni swap from and I'd love to see a breakdown of the market share between the main unusop interface the official one that's run by uni swap labs and the rest of them uh it'll be hard to get that breakdown problem but I'd love to see it because it would probably shine a lot on how the rest of this stuff will evolve here but uh yeah anyway go check out dapplan.com I'll link it in the YouTube description below all right so there's a thread here today from Jonah talking about RPL and why so

much of it is getting locked in smart contracts now I don't usually talk about other tokens except eth on the refuel uh for obvious reasons and I actually don't have much rpr all the RPL I have is on sasol.heath uh and that's just sitting there but the reason why I wanted to highlight This Thread is because I know there's a lot of you that are very uh invested in rockable both uh you know obviously monetarily and socially and I just thought it was a really great thread breaking down uh why this is happening here and you may be interested in it as I said like I'm not I don't have any RPL besides what's on sasol.heath I'm not trying to show you on RPL but the rockapool project if anything I mean is I I I I struggle to like rank my favorite projects in the

ecosystem obviously ethereum is number one but like the things built on ethereum um but rockapool is like definitely right up there I mean I've discussed this before but like if I had to give one reason as to why rockapool is one of my favorite projects it's because it's basically just an extension of ethereum like it's got the same community members as ethereum does they're very aligned on their mission their values they've been building for such a long time uh and they and and they don't just shill the token in a way that makes no sense the token actually has a core role in the protocol it will put together a really great analysis of why the token should accrue value or maybe you know shouldn't accrue value the Bull and Bear case so to speak um and I I always like that sorts of stuff as well and the reason why I don't

own more of it is because like I'm just stacking eth like I have nothing against RPL or any other token but my money goes into eighth as you guys know a lot of um but maybe that's wrong maybe I should be buying RPL I don't know but again it's not investment advice not me trying to show you on it just wanted to hide this thread because I know a lot of you out there are really into rocket pool uh and I know that there's a lot of people who are in the rocketball community that watch The Daily gray refuel so so yeah just wanted to highlight that one all right so I just wanted to give a quick shout out here to bankless who has a brand new YouTube channel now this YouTube channel is going to be focusing on shorter bite size maybe not as

bite-sized content but much much shorter than the one to two hour episodes they do and catered towards newer people in the ecosystem so this channel is called uh it's down here sorry bankless uh shows here so uh you can go check this out uh subscribe to the new channel uh at their Bankers website here but bankless shows uh basically uh yeah here it is bankless show so you've got the the welcome from David Hoffman here and you've also got a video that he's linked here yeah so this first up video so it's a video called why crypto is full of scams and it's a it's an under 20 minute video I thought it was really great it obviously um uh I I obviously thought it was great as well because that he gave a shout out to dailyway he being David so thank you for that David

um but it was great because he went through I guess some examples of scammers and grifters within crypto and expand and then when went through some examples of people who aren't grifters or scammers and explain that kind of juxtapose them together which I thought was really cool um if I had any feedback to give on this video I as I said I really loved it was that the length may be too long because the target audience is supposed to be people newer to crypto people with maybe shorter attention spans um and I think that 10 minutes is probably the sweet spot for that obviously most people aren't going to be watching 20 or 30 minute videos every day you guys are because you love the refuel but I mean I'm under no illusions that the the refill is not going to be a mass Market thing I'm not not trying for

for it to be like that but if you want to appeal to the masses in this day and age in this really fast-paced internet era you need to have as bite sizes content as possible so I think that 10 to 15 minutes is The Sweet Spot I believe this video was about 17 minutes long I think which is fine I mean I don't I don't actually think that's a that's a that's a big deal uh but you know I'd like to see a bit shorter videos in the future just to capture more and more people and I think that uh you know why crypto is full of scams is a really great video to start on and I'm looking forward to seeing more from uh from David and I guess Bankers generally here all right so I'm okay I had this tweet up and I

debated whether I should talk about it because it's not really got anything to do with ethereum but I think it's important and I'll I'll explain why so this tweet from Jimmy ragosa goes most people involved in lightning Network lightning Network projects know that it is a joke but are not allowed to say it or they would lose their job and become outcasts from their Aaron Echo chamber it's like mutually assured destruction where no one can tell the truth so I'm not going to pick on the lighting Network here you guys know my opinion on that but I think this applies to a lot of crypto there are a lot of projects that are already dead or dead men walking or Dead projects walking zombies dinosaurs you know whatever you want to name it and they've been dead for a very long time but the top two reasons why

they won't actually die off one they don't want to die off because they don't want to draw that I have Regulators if you can basically show that you're still building if you did a token sale for example if you did any kind of raise well you won't get the eye of the regulator as much as a project that basically just shuts down and gets caught a scam a rug porn runs with people's money right whether it's because you actually shut down because the project wasn't working or because you actually run it doesn't matter like that's what everyone will always say that you rocked right and secondly it's because they don't want to be seen as uh as fail as a failure in the eyes of their Community depending on how big the community is I guess the more and more um uh the more and more of this is this

is a thing and I think within the mining Network itself it's actually more pronounced because there is no token for the lighting Network there is no way that any of the people building on the lighting Network have monetized so far they've just raised VC money they're actually not making any money from this so they don't have the same incentive as say a project that has a token that they're hoping will just pump and pump and pump and they can just keep selling it while they're quote unquote building this thing out even though they know that this thing doesn't work or is going to fail or just like doesn't have product Market fit it's very different with the lighting Network because that as I said they don't have a token it's not Revenue generating um and if you had to make an argument I mean the token is Bitcoin so to speak so

that so the lighting Network itself attracts all the bitcoiners and the bitcoiners talk about it as if it's like the best thing ever because they believe it's going to drive value to bitcoin the asset when in reality it hasn't driven any value to bitcoin it is actually being detrimental to bitcoin I think putting all the bets of of scaling on the lighting Network and it's benefit other Solutions like ethereum immensely uh stay I mean I I think that if Bitcoin actually had its together and had a proper credible scaling roadmap with multiple solutions ethereum would be in a much different place than it is today but that's not how it how it came to be right so I think Jimmy hits it on the head here when it comes to lightning Network itself is that like they're in an echo chamber they don't want to be

outcast they're building this thing they've been building it for so long and they don't want to admit to the Bitcoin community that it's not going to work that it's actually like not great I mean and when I say not going to work I'm not saying it doesn't work at all it does clearly work I mean sometimes right but it's not going to work for the world it's not going to be able to scale to the world it's not going to be the solution to the payments problem that that's just not going to happen the network is not that um but admitting that would be admitting that the last seven plus years of work that's gone into it was a total waste right could you imagine the teams that have raised money from VCS admitting that they're not going to do that right so I just thought that was a great

little tweet highlighting how obviously it applies to the lightning network but it applies to pretty much every project in crypto for various different reasons but there is that tribalism as well you always have to consider and I think that a big reason is definitely because if you shut your project down because it didn't work out and you have public if you have a token that's publicly traded all of your token holders are going to say it's a ruggable to scan blah blah and that will I guess like materially or immaterially increase your risk of regular regulatory action you never want to do that right so I think that's why a lot of these projects are still dinosaurs they're still just pretending like they're building pretending like they're relevant just so that they can avoid that kind of scrutiny all right last up here is a bit of a

discussion I'm not going to go too long on this because I've only got a couple minutes left but Sandeep from polygon put out a tweet where he said our ones are a need to be cult don't mistake them as softwares in your VC investment thesis now to unpack that statement will take me a while I'm not going to unpack the whole statement but I think on the surface Sandeep is right our ones or I guess like l1's like ethereum Bitcoin any other one out there for them to survive long term they that need to be a cult to a religion I mean the lines blur between the two depending on on on on your view on things but that's because think about what the most enduring organizations have been in human history their religions right religion is the most enduring thing nations rise and fall Empires rise and fall religion

persists religion remains why is that because religion when you really boil it down to boil down to it it's just a set of shared beliefs ideals principles right and yes they can become corrupted or they can be pure I think that's just details that don't really at the end of the day what matters is that you have uh I guess like this thing that people adhere to and they follow it and they believe in it and they they fight for it both figuratively and literally uh and they uh they invest their money in it right and they go they invest their social capital in it you know you go to church or you you pray whatever in ethereum we do similar things we don't pray and go to church but there are obviously examples that you could draw and juxtapositions that you can draw there uh and then SRI Ram here said that

you know here's his thesis contrary to popular belief Nakamoto coefficient or otherwise decentralization is not measurable by System performance but by adherence of community to some principles I couldn't have put this better myself and I actually replied and I said this is exactly right too many intelligent people in this in this ecosystem over index on technical decentralization while completely ignoring social cultural decentralization which is arguably much more important I just said to you that Empires nations rise and fall but religion persists the technology of blockchains will rise and fall so to speak they'll change over time right but what persists what persists with all the changes that ethereum has gone through it's the social the cultural it's the community right it's the shared values

it's the principles that's what persists over time even as ethereum evolves so dramatically I mean ethereum literally had its biggest Evolution ever it went from proof of work to proof of stake and and that Evolution was akin to Magikarp evolving into Gyarados like that's I mean for those of you who understand the Pokemon reference there you understand how massive of an evolution that is but that is what happened and yet the ethereum community remained the same we have the same principles ideals that we did before even though we completely changed the the um consensus engine of the ethereum network which is obviously the thing it's basically it's Beating Heart right so when you look at it like that you can draw all these parallels and we have real world examples over tens of thousands of years what the most

enduring thing is it's religions and by extension culture culture persists through Nations right Nations rising and falling culture can be expected exported right obviously it can be imported as well too to various different places but I think that that's just the way to look at these things blockchains doesn't matter how technically decentralized you think you are or do you think you can achieve if you don't have social and cultural decentralization a shared of beliefs a shared of ideals and principles you don't have a decentralized network you don't have a decentralized network at a technical level and you don't have one at the social level because they definitely mix they're not independent of each other they're codependent but I would argue and I'd argue this very strongly that social and cultural decentralization is

much more important than technical decentralization I think technical decentralization is an implementation of the social and cultural decentralization of a network and on that note I'm going to end it there so thank 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