Ethereum turns 9, DeFi is the value prop and more - The Daily Gwei Refuel #799 - Ethereum Updates

Transcript

hello everyone welcome to another episode of delway refi break up the latest news in etherum ecosystem I'm your host Ando the 30th of July 2024 all right everyone let's get into it so today is a special day it is ethereum's 9th birthday now I feel like I've done these birthday celebrations for ethereum on the refuel a couple of times at this point uh because I've been doing the refuel since late 2020 so yeah it would have been this is the fourth time I'm doing this fourth birthday fourth ethereum birthday that I've been talking about on the refuel and wow nine like it doesn't feel like uh that long it feels a lot longer right because I mean you guys know I wasn't into ethereum from the beginning I was in since early 2017 um by that point ethereum was already 2 years old basically or almost 2 years

old uh which is kind of crazy that I got into it that early it didn't seem early at the time it seemed like I was very late to ethereum at the time uh but since then obviously it's been another seven years and now we're celebrating ethereum's 9th birthday but it feels like decades right it doesn't feel like just 9 years old 9 years old is still very very young especially considering how far ethereum has come and how far eth as an asset has come I mean eth is worth $400 billion guys that puts it at something like number 26 out of all of the Assets in the world like it's it's the 26th most valuable asset out of everything like everything stocks bonds um other you know precious metals other kind of cryptos obviously except Bitcoin right it is like 26 probably even the 25th now because eth price went up a

little bit over the last couple of days so it is an incredibly valuable asset and the ethereum network has processed an incredible amount ount of transactional activity over the last 9 years a lot of that obviously happening over the last few years and now we're on the cusp of obviously layer 2 is really taking off you know they've been taking off for quite a while but it seems like things are definitely accelerating there which would just bring more economic density to the ethereum network and more usage to the ethereum network generally but as I said it's easy to forget that ethereum ethereum is only 9 years old and there's still probably another I would say till the end of the decade of ethereum development to go until ethereum is in like the ideal place that we want it to be in you know it's funny

because I was discussing this with a couple of friends earlier basically about how ethereum's kind of I guess decade of building is really from 2020 to 2030 it's not so much from 2015 to 2020 I think 2015 to 2020 was like the experimentation phase of ethereum or like the hyper experimentation phase of ethereum or basically ethereum finding its feet right like where do we want to go you know what do we want to do here obviously during that time uh proof of stake was completely redone sharting execution sharting was abandoned we went towards the rollup Centric road map a lot of different things changed within ethereum over those years but then from 2020 onwards uh with the publishing of vitalex road map with the bacon chain going live end of 2020 with eth becoming an institutionalized asset and becoming

s such a big asset The Becoming such a big Eco system with all the layer tws coming online we've really kind of come into our own and I think from like 2020 to 2030 is going to be that decade of uh basically the Golden Era as i' as I've discussed it before on the refuel of ethereum and we're not even halfway through yet we're only in 2024 2030 I think that this this will take us out to that cuz the layer one road map obviously as you guys know is a very long-term road map uh and there's a lot of changes on there that are going to take a while to to kind of get out there into the network I mean Petra is not going live until early next year right early 2025 and that's the next ethereum upgrade but then we have so many more

after that and there's so many more things to come and then of course on the layer 2 side there's still a lot of work to be done you know most of them aren't decentralized today they're working towards that most of them have uh issues that they need to to iron out with regards to ux still even though the ux is quite good for us crypto natives obviously it needs to be better for the non crypto natives right the mass Market appeal here and we still need to just grow things generally but really I'm very happy with where ethereum is right now in this kind of decade Long play that we're having here because if I think back to 2020 and the position ethereum was in then maybe at the start of 2020 uh to today there's been a world of difference over the last four years

as as I described some of them before you know the beacon chain launch obviously defi summer happened in 2020 which really put defi to the Forefront we all we've had all the layer tws and rollups and stuff go online we had blobs get delivered right we had um staking just grow into its own we have reaking there's just too many things to keep up with right and that is as I said we're not even halfway through the decade yet and there is still a lot to go from here but that's what makes it so exciting that's what makes it so interesting to be involved with the ethereum ecosystem over really any other ecosystem I don't know of any other ecosystem that has such a long-term Road mapap and that has been executing on it in such a strong way for such a long time that is uh

exciting to be in because of not just the technical road map but also the cultural and social values and and the community aspect of it too and I was talking I talk to people about this all the time where essentially ethereum's culture ethereum's kind of social layer is the strongest part of ethereum regardless of the tech regardless of the E the economics regardless of the value of eth the culture and the social layer are are the strongest and we have the strongest concentration of gigar brains as we like to call them uh within the ethereum ecosystem out of out of any ecosystem really and it's not enough just to be I guess like heads down in research and be like a super smart researcher uh I guess coming up with all these novel ideas but it needs to actually be implemented into the network I think that's the main difference

between something like ethereum and a lot of these other layer ones out there that look more like science projects than an actual ecosystem you know I'm going to call some of them out right cardano being the obvious first one here polka do being another one I I think Avalanche even to an extent right they just feel like overfunded science projects where essentially they have all this money they spend it all on research and then when it comes to actually implementing things and growing a community and growing out their activity on their Network they completely fail at doing that and for a bunch of different reasons right there's not just one reason why this happens but ethereum kind of strikes The goldilock Zone where it's like it has a really strong research Community a lot of money goes into funding that research but things are delivered out of it both at layer

one and layer 2os and that's the most exciting thing is that layer one research is uh in service of both the layer one of ethereum but also of the layer twos and then layer twos are basically our uh ethereum's commercial arm which essentially means that a lot of private funding goes into that right like the a lot of the research on the ethereum layer one side is funded via the ethereum foundation and and other entities it's not really and it's not done really for direct for-profit whereas funding in the l2s definitely done for direct for-profit right they're buy buying equity which can be converted into tokens later that's the kind of funding model there obviously the VCS Angel Investors so on and so forth uh but that's a good thing I think I don't think that's a bad thing that ethereum's research um has funding acoss basically

every aspect of ethereum layer 1 layer 2 layer three whatever it is there and the different parts of all of that there and as I said ethereum is only nine guys and we're already at this stage I can't imagine what it's going to be like by the end of the decade I really do think by the end of the decade ethereum is going to be so deeply ingrained into so much of the financial ecosystem or the the existing Financial system that we won't even realize it we won't even realize where it is we we won't even realize we're using it a lot of the time which is just crazy to me considering how close we are to it today you know we know when we're using ethereum today obviously for a bunch of different reasons you know you know when you're using layer 1 ethereum because the fees

are are relatively High you know when you're using lay layer to ethereum because normally you have to change the network in your wallet right or be aware of the network that you're on in your wallet and what assets are there none of that is going to be a consideration by 2030 I mean probably even sooner than that to be honest actually definitely even sooner than that none of that's going to be a consideration that's not something you're going to need to think about and that's the most amazing thing I think about about all of this here but enough of me ranting I mean it turn into a little bit of a bullish rent on ethereum's birthday you know I may as well do that and I did say to you guys that I'm going to keep uh you know speaking of bullish rents I'm going to

keep all the ETF stuff to the end of the week I'm not going to I'm not going to uh talk about it dayto day because I just feel like that's relatively pointless but as I said eth is in a really strong place to as an asset is one of the most valuable assets in the world contrary to popular belief on crypto Twitter that ether's been quote unquote underperforming ether's been performing amazingly like I I don't know if I mentioned this on the refu last week or in a previous episode where if you actually look at like the top 50 top 100 of crypto assets pretty much almost all of them are down like 80 plus% whereas from alltime high whereas eth is down only 30% from all-time high eth just got the ETF right eth is pretty much going to alltime high sooner rather than later I know I've been saying that

for a couple months now but the summer kind of put a pause on that but I do believe that it's going to be at all-time high sooner than people think uh and then the long the other long tale of assets they just like they performed so horribly so people really need to remember that eth is a super strong asset and it's not going to give you a 10x 100x anytime soon right like I mean from here for eth to go to 30k like my target for this cycle is 15 to 20K as you guys know I I don't want to rant too long here but as you guys know that's my target he to go to 10x from here 33k let's say uh that's not going to happen this cycle probably happen next cycle but that might be another like 5 years out from here right so you're not going

to get a 10x from E you're definitely not get an 100x from e um but also you're not going to have the same risk if you go into a random meme coin that just launched and you're hoping for a 10x or 100x the amount of risk you're taking on for that is astronomical whereas with eth it's a store of value it is a long-term investment it is a comfy hold it is not something that's going to give you the outsized returns uh like 10x or 100x but it's also not going to give you that risk that's associated with it so there's always a risk reward here something that I think crypto Twitter definitely doesn't think about because they're all about the oh we're going to go into meme coins and we're going to make so much money it's going to be amazing but they don't do

that most of the time but anyway crypto Twitter is not a monolith right there's different kind of Strokes for different folks here but anyway enough about that I think that's uh going to be it for today on ethereum's birthday moving on to some other stuff that I came across so uh speaking of I guess like the actually this is related to what I was just talking about with regards to ethereum's birthday vitalic is in edcon is at edcon right now which is an ethereum conference and he had this slide that someone shared on Twitter of one of his talks where he basically gave the goal of the ethereum verse in one sentence and the sentence is using the greater ethereum verse should not feel like you're jumping between 34 blockchains it should feel like you're using ethereum and then basically he says we want the 2015 error ethereum

like experience with 2015 error fees but with 2029 error ux quality and scale so essentially what this means is that for those of you who are around from like 2015 to I guess like honestly it's probably 2015 and 2016 uh the fees were really really low the experience was was quite good actually we had like 15c block times that was obviously too long but the user experience wasn't wasn't that bad in terms of uh I I guess like getting a transaction in because it was very very cheap basically almost free right um and then it there wasn't much people using the network uh but there also wasn't many things to do so you want that kind of experience there you want the the the the um 2015 like fees but you want the 2029 Era user

experience quality and scale and obviously everything that comes with that all the apps and stuff that you want to use so that's bigs to what I was saying before about this decade long road map that ethereum has been on since 2020 that's going to get us to that point where potentially we have the Holy Grail of ethereum the reunification or the unified ethereum as I like to call it but it's going to take time to get there ethereum doesn't take shortcuts etherum doesn't want to just scale by throwing Hardware at the chain etherum wants to retain its most important properties which are decentralization censorship resistance credible neutrality All That Jazz that I've spoken out before while also scaling to the world there's only really One path that we know of to do that without sacrificing those those things and that's the path that ethereum has taken

as I said yes it's going to take longer than people would like it to take but at the same time once it's done it's going to be amazing guys like I I really do believe this and I believe this for many years now it already is quite amazing I think the the user experience if you're using like rabby and you're on an L2 the ux is is pretty good like for a crypto for someone who knows how to navigate these things the ux is actually pretty good but obviously for the mass Market the ux has to be a lot better it can't just be what it is today and that's going to come and obviously jumping between chains is definitely not ideal you guys know my opinion on this I don't think it's like the most critical like honest honly don't have like such a a

sour view on it that other people do because I do believe that there's that long taale effect where it's essential essentially that well if you're if there's like two three major L2 ecosystems we're already seeing that play out arbitrum is number one bass is number two right and then uh arbitr is part of their own kind of like super chain basis part of the the optimism super chain but then communication between those will also happen we already have bridges that are relatively fast I know it's not the best ux in the world I'm not making excuses here but I also don't think it's as bad as it make it out to be honestly and I feel like if you are on l2s it's because you don't want to pay the high fees on L1 these l2s are already have so much liquidity for you and they really do have a lot of

the same apps on them so I really don't like I don't know I I feel like it's an overblown thing here not to say that we shouldn't work towards making sure that we reunify everything but I feel like people are acting like it's a death now for ethereum or it's a deal breaker for etherum when it isn't because we know that ler 2s have been growing so rapidly over the last few months especially we know that e ecosystem generally is continuing to grow we know there's a lot of work on reunifying things so I think that it's just uh overblown for the short term and definitely underpriced for the long term at least that's my my view on things uh there all right just wanted to put this on your radar East ster has introduced the E Staker deposit CLI and they say here the staking

deposit CLI has long needed some critical features uh for better staking you user experience e stakers Remy Rory and valfar have developed the E Staker depos deposit CLI and starting the audit process on it so we can get these features to stakers and just for a context here the staking deposit C is a critical tooling for stakers to get up and running and was developed by the EF before the launch of the beacon chain so solo stakers Among Us will probably be uh be aware of this tool and probably have used it before I know I definitely have but as was mentioned in the Tweet they want to add some more features to this and they've listed the features out here essentially there's going to be new features like prompting for a withdrawal address so that you do that within the deposit CLI without having to do that out outside of

that the ability to create an exit message and perform a voluntary voluntary exit for your validators that's pretty important actually because of the fact that um if you don't do this and then you lose access to your validator keys you could be up creek definitely don't want to be there uh warnings if the machine you're using is connected to a network support for more recent operating systems and python versions by default better support for generating a large number of keys at once so some much needed features coming to the staking uh the staking deposit CLI here so kudos to the E staking community and the ethereum foundation for working together on this especially to a big shout out to Remy Roy and valif here but you can go check this out for yourself I'll link it in the YouTube description below for you to do

so all right I wanted to have a little bit of discussion around a tweet that I put out I think this is yesterday where I said after all of these years I still strongly believe that defi is the main value prop of blockchain Technology everything else is a bonus that simply plugs into defi to either enh enhance it or benefit from it the job's not done until all of global Finance settles on crypto rails I don't know why this is controversial to some people when Finance trade payments you know all the stuff that I would considered to be under the defi umbrella run the world right or under the finance umbrella it runs the world like you can't do anything in the world without some kind of transaction taking place even in kind of uh underdeveloped or third world

countries where the barter system is still in place uh for the majority of trade that is still a form of a financial transaction in in the bartering system so when people say oh you know there's there's all these other use cases of blockchain that we should be paying attention to why you know that they're going to be just as big as defi I'm like no because defi literally plugs into everything for example let's look at something that is a non I guess Financial uh product or non-financial app on ethereum today one of the biggest ones is enss Right ens is not inherently Financial because you can trade the ens addresses but the ens address that you have is not a financial thing you you you you pay for it obviously and you buy it and you make sure it doesn't expire

but the actual use case of it is just to attach it I mean this not the only use case but the main use case is to attach it to your EA or your smart contract wallet or whatever it is and have a human readable name there right but then the thing is is that as I just said when you go to get an enss you're paying for it that is a financial transaction that's taking place that is in my mind maybe some people disagree with me but that is part of defi there if you're trading these ens addresses that is part of defi there even though it's an nft and not a fungible token it's still part of defi because you're trading it somewhere on some Online Marketplace right so as as I like said before everything touches Defi and as I said in the tweet it to either enhance it or

benefit from it and this kind of like Financial transactions and these the financial system generally is what runs the world without an a functional Financial system uh and without a functional system like capitalism for example uh the uh economies and countries fall into turmoil basically like I know that capitalism has a lot of issues especially around wealth inequality and things trending trending towards monopolization over time um but it's better than a lot of the other systems that have been tried over the centuries I guess like in in human development right so capitalism is currently the best that we have and there are different forms of capitalism of course but um crypto systems especially ethereum with defi they're hyper capitalist systems right and you need only look at the me ecosystem to

see how true this is because the me e system is the purest form of capitalism ever it is pure profit maximization to the just like to the extent of you know it's same what happen happens within tradire where the firms collocate with the Clearing House or with the settlement layer so that they can essentially get their orders in first like m is such a diverse field right and and and and as I said like a the purest form of capitalism that you could have so given that and given that uh it's got to do with financial trans transactions given that there are transaction fees within crypto though Financial transactions tend to price everything else out but as I said everything else tends to touch Financial transactions so there is this balance here that needs to be struck but I have no doubt in my mind

that for decades centuries to come of ethereum being a global settlement layer the main use case will be defi it the vast majority of activity will happen within defi yes there'll be other big things that happen yes there'll be other big use cases but all of that will just enhance defi right like it's all just attitude for defi so defi really is that Main value prop there it is actually something that gets the most value out of a blockchain out of decentralization out of sensorship resistance whereas I think a lot of the other use cases especially things like gaming they don't have to be on a blockchain but they want to be on a blockchain they want to be in crypto because they can plug into things like defi like that is that is basically the the main draw here so defi is the main draw it is the main thing it is the

most valuable thing and everything else plugs into it if you disagree with me feel free to sound off in the in in the Discord Channel or in the YouTube comments I'm always happy to to read those I'm much more likely to reply in the Discord channel so if you want to have a discussion there let's let's have a discussion but yeah I mean I think there's enough evidence and enough kind of I guess like examples over the years of D5 being the biggest thing in dominating that there's not much of a debate to be had I don't think you can debate that defi is the biggest but maybe you want to debate me on the fact that you think something else will be bigger than Defi and actually enhance dii instead of the other way around we'll have to see right uh but anyway enough on that a little just little rant

there but yeah I mean this is all really bullish for ethereum by the way ethereum being like the world's Global siment layer is the most bullish thing for it uh and I think that this is something that we should definitely be paying more attention to defi seems to get forgotten as this old boring thing but it is the thing like it is the thing more than anything else so yeah anyway enough about that moving on from there so speaking of l2s uh I took I took a look at the L2 beat website now the L2 beat website actually tracks a bunch of different things these days it has evolved quite a bit but in my screenshot here I look at just the roll up activity so as you guys know I tend to refer to things as rollups if they post all of their relevant bits like proofs and data

to the same settlement layer in this case ethereum L1 if it and I tend to refer to other things as just layer twos like things that use offchain da so what I've done in this picture or in this in this image on the l2b website I've just looked at rollup only activity and you can tick this here and you can see that includes chains like Arbitron one bass op main net blast scroll lanaa ZK sync stet mode and Lisk actually in the top 10 here that's funny Lisk used to be a layer one and has become an optimistic rollup man my thesis on layer one's becoming rollups just continues to age like fine wine like I don't even know how I got that call so right but I did anyway enough gloating but yeah if you go to the activity tab here and click rollups only you can see that the rollup

activity is at all-time high and if you untick it you can see that that all layer 2 activity is at alltime high as well but I just wanted to look at rollups because this uh if you unticket you've also got Z in here which is an L3 it settles down to arbitrum 1 I believe um and then you've got proof of play as well I think one or both of these settle down to arbitrum 1 but they definitely settle down to an L2 here uh but I believe they store their data uh kind of offchain but yeah rollups only uh it's at alltime highs basically you can see here and it just keeps going up and you know the other website you guys know that I love looking at is roll up. WTF it is a realtime TPS website so it's not going to give you historical data or

anything like that I'm sure they're going to integrate that at some point but this has been hovering between usually when I look at it like 250 to 300 TPS it's slightly lower at 240 TPS at time of recording uh but that includes Z right that that's not just rollup so if I expand this and I just basically include settlement being uh ethereum here this will just show rollups only and it's about 100 TPS which is pretty amazing like this is including ethereum L1 not just the um the l2s but I mean you can see here bass doing 32 TPS arbitrum 1 doing 22 ethereum l14 Tao 10 and you guys know that I think that TPS isn't the best measure of activity generally but it is one of many and you know it's not just TPS going up it's also tvl going up just general activity like stable coin

activity going up so taking that all together it's uh very obvious that ler 2 are continuing to grow which is what we like to see here now staying on the layer 2 topic and I came across another dashboard today that's hosted on the cosmos station website now don't let the name fool you this is not about Cosmos this is a website that tracks a bunch of different chains and essentially it it's a real-time monitoring dashboard for the uh I guess like liveness of different chains out there so you can see basically it shows you blocks coming in uh per per chain that they're tracking here and each chain has different block time so on ethereum we have 12 seconds slot block times Cosmos I believe it is I actually don't know cosmos' slot time I'm just eyeing it here I believe it's like 8 seconds or something uh optimism

is coming in every couple of seconds Arbitron one's bit faster but really what I wanted to show here and the reason why I'm bringing this up is because you can see especially between the different L1 so not don't include the l2s in this but between the different l1s they have different block times right so Bitcoin has roughly 10 minute block times ethereum is at 12 Cosmos is at 8 go down to B&B it's at like 4 I believe they their um their times I or maybe three or something like that um polygon which is the POS side chain which is I guess like an L1 2 seconds um Celestia different times as well and yeah I mean the my point is yeah the the l1s they all have different block times and the reason why I bring this up is because it's something that

I've spoken about before where essentially because all the l1s have different block times this is why bridging between different l1s is one very slow uh and slower than l2s and and two much more risky because the risk of a RoR is much greater than uh than it is for anywhere else and you're always going to be uh I guess like at the mercy of the slowest chain so for example if you wanted to bridge from ethereum to bitcoin or Bitcoin to ethereum you'd be at the mercy of the 10minute Bitcoin blockchains if you uh Bitcoin block times if you could Bridge there like natively I mean there are some bridges here and there but essentially what you would have to wait for is a minimum of 10 minutes um or minimum of one one Bitcoin block but ideally you want to wait for more than that just in case of

a r so ideally at minimum you want to wait probably two so you want to wait up to 20 minutes for that bridge there to make sure it's not Reed and that is that is a huge risk but also what you have is an IOU There's No Escape PCH either here you basically have an IOU it's not like that for example if you bridge from Bitcoin to to some L2 uh not some L2 to some to some other L1 and the L1 goes offline or gets attacked or something there is no escape hatch for you to get back to bitcoin you have to go through that bridge again and it's a it's a mess because if that bridge gets hacked or if that bridge gets drained um essentially the IOU becomes worthless it's just so messy whereas it's much cleaner when you have all these l2s that even though they

have different block times they're all settling down to the same L1 on ethereum and with ethereum you still have to wait ideally you want to wait for finality which is like 13 minutes but uh all the l2s do that like it's all on equal footing it's all on that 13-minute footing but then ethereum wants to do faster finality so there's talk of obviously single slot finality which would be like 12C finality but even if we got to like a couple minutes finality that's still much much better and that's real finality on one settlement like one L1 there's not relying on other l1s out there you're only relying on ethereum L1 here so that's why I wanted to show this because really um the bridging between different l2s and the settlement of them is much stronger and much better than it is between different uh l1s here and

actually they actually do track the different l1s it's just up here where you can actually select the um category so I was I was just in the popular category but if you go to the different l1s you can see all different block times right I mean obviously Bitcoin is the longest but uh you know everything else is is quite different too and I'm actually uh going to see if I can have this dashboard up somewhere in my house cuz this is just actually a really cool dashboard to monitor things hopefully I don't know if they'll give you a way to create your own list here maybe they do and I don't I can't see it right now but I would love to create my own list and just have obviously ethereum and all the l2s here just to have a nice little dashboard running to see to see how

things are going there but anyway I thought that i' put that on your radar you can go check that out if you haven't yet all right last up here just a little bit of discussion around onchain eth movements so as you guys know people love to watch onchain movements of eth of Bitcoin and they love to attach a stories to it now there was a big movement the other day of 92,000 e and it was moved by an address that had interacted with with an ethereum Foundation address before now of course people jumped to the conclusion that the ethereum foundation was about to dump 92,000 eth on everyone now initially I saw this number and I was like hm that's a peculiar number because 92,000 is actually divisible by 32 into 2875 which would B basically be 2875 validators if they wanted to stake this

eth now I didn't know if it was ethereum Foundation or not and then I saw that it wasn't because someone uh I think the block reached out to the foundation they said no this is not our address right um and then what ended up happening with this eth is it was staked it was staked I Believe by Bitcoin s or swise I don't know how actually uh or swiss I don't know how to pronounce the the name there but it was staked by then so this is the danger of just looking at the raw onchain data is that like it's not telling you anything it's just telling you that some eth moved somewhere it doesn't tell you who actually owns that eth doesn't tell you what's happening with that eth even if the eth is sent to an exchange it doesn't mean it's getting sold there's an a number of reasons for

for people to send funds to a centralized exchange you know the ethereum foundation actually does it in order to distribute funds from uh The Exchange usually Kraken to their employees as bonuses so as to protect their privacy essentially right so it's not just always getting sold so these narratives that form around this is always funny to me because people are like oh I'm going to panic you know all this E's getting dumped on me when in reality that's not the case and there was actually one today where I think up to $2 billion of BTC the Silk Road seized BTC was moved on chain onto coinbase and people were like oh my God the US government is dumping on us but in reality it was just them moving it to coinbase to custody it because coinbase has custody Services right like as I said don't take this stuff at face value

make sure that you get additional information before panicking or before being like Oh my God we're getting dumped on whatever blah blah blah it it's like most of the time not actually that there is so many different reasons for for for coins to move around for things to happen here and also Wales play games with this too market makers Wales they play games where essentially they know that people are watching this so they might do a big transaction and then be like okay if we do this big transaction it's going to Spook the market and then we can kind of scalp this right there are a lot of games being played here especially when certain people are watching these things so just keep that in mind keep in mind that whenever you see a large onchain transaction or onchain movement happening you need to get additional

context before coming to a conclusion and I feel like that goes for everything in life like reading a headline and then drawing a conclusion is like the worst thing you can do so in just generally not just within crypto but everything so make sure that you're always uh like checking the context checking uh double checking uh the I guess like headline the body of the the text and everything against other stuff especially when it comes to crypto and ethereum feel free to just ask me or ask in the daily grade Discord uh channel for essentially like a clarification on things because there's a lot of bad information out there about ethereum and it's very easy to get the good information if you know where to look and I believe the daily way Discord channel is actually one of the best places to get it there are a

lot of engaging eans there they care about the truth as much as I do so if you are coming across these things and you're wondering what's true and what's not just come in there there's a link to the delway Discord channel in the YouTube description below friendly bunch of people in there we're always happy to help you so definitely go join that but I think on that note 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 it a thumbs up subcribe to this letter join this go Channel and I'll catch you all on uh probably on Thursday actually at this stage I probably won't do one on tomorrow because I missed yesterday's episode so yeah probably on Thursday so yeah thanks everyone