Infura x Optimism, zkNFT detailed and more - The Daily Gwei Refuel #152 - Ethereum Updates

Transcript

hello everyone and welcome to another episode of the daily gray refuel where recap the latest news in the ethereum ecosystem i'm your host anthony sosano and today's the 28th of june 2021 all right everyone let's get into the news from the weekend so i put out this tweet over the weekend because i was getting a lot of questions from people and they were asking me like you know how can i you know get involved with the crypto ecosystem i don't want to kind of go full time but i want to do kind of like part-time things or just be like a casual kind of contributor so i put together this tweet where i said that there are many ways to provide value to the crypto ecosystem you can join a community or a dow so i've said this you know multiple times on the refill before where you can

literally just go join a community discord channel and just start talking to people and just start kind of like providing value that way whether you're basically providing i wouldn't call it customer support but you're just helping people out if you know the you know the project really well you're just just helping them out on the discord getting to know people i mean really it's just joining like joining any community and of course a lot of these communities are dao's as well and joining the dow uh you know can come in many different forms you can just start contributing to the project and the dow can pay you in in rewards like token rewards something like that uh spoken about how the index co-op does that a lot in the past but like pretty much like so many different projects do that these days uh you know if if you're looking

for something a doubt a work for there's definitely lots out there and secondly it's if you're a developer you can contribute to open source software so basically all open source software allows people to contribute to it uh and you know not to say that your contribution is going to be like accepted into the canonical kind of software here where it's basically part of the main fork but you can still kind of like uh you know use that add to it uh you know try and fix things maybe find kind of like bugs in the code or try to refactor it or make it more efficient things like that so if you're a developer you know you can do that with anything and literally any open source project that you want you can go take a look at that a lot of the codes on github

you know even if you're just like a casual security researcher and you're just looking at different crypto projects and you find a bug you can report that to the team and basically fix that for them or you can submit a pull request on github and basically say hey i found this bug here's the fix you know here you go that's another really good way um you can help on board other developers if you are a developer yourself or if you are an educator you direct people to the kind of right resources and i think one of the best places is the ethereum.org developer section as i've mentioned in the past because that actually has links to all the other resources out there to learn ethereum development in particular so that's another thing creating educational content uh like exactly what i do i guess at the daily

gray and ethub um you know just making sure that people get educated about these sorts of things and about defy and daos and ethereum and crypto in general there's plenty of um kind of i guess people doing this already like um d5 dad fine maddix bankless they're defined uh there's so many out there i saw crypto test as is doing something as well um you know there's plenty out there but that doesn't mean that there isn't room for more because at the end of the day everyone learns differently and my style might be different to someone else's style who's different to someone else and you know people want to learn from people that they trust and actually like enjoy learning from so if you are someone i mean i mean and and no one person can cover everything right like i can't i don't have the time to

write guides for everything whereas you know other people might like you can write a guide for whatever like if it's a new app out there and people are wondering okay how do i use this app like what is this you know i don't understand it you can just write like a blog post on it and basically say okay well here's like a explain like i'm five here's how you use it here's how to take advantage of it and those things can go really far that's you know the the way i built my twitter following initially was that i just started doing educational tweet threads it wasn't even blog posts it was just tweet threads uh and then you know people started following me because i was providing them value uh through that educational stuff so i think that's definitely what people should focus on if they want

to grow a twitter following um but also you know even if you just want to kind of like uh you know help people and educate them you can do stuff like that uh and on top of that i guess the related things you can translate other people's content as well so if you speak any other language other than english then you have and you speak english as well and then you have a pretty a pretty good leg up here because you can take all that english content and start translating it i have two uh groups that are translating the delegate newsletter into uh once translated into spanish the other one into french so i have the spanish and and french communities the ones that don't speak english reading my work and obviously i don't speak french or maybe that's not so obvious to you i only

speak english and i can understand a little bit of italian because my background's italian but i definitely can't speak any other languages so you know translating that content for these people who don't speak english is a huge boon because there are plenty of people in the world who don't speak english uh and there are plenty of people out there who are missing out on on all this good content that is just in english and you know they might read it because they have google translate and things but things definitely get lost in translation so uh you know translating other people's content uh and then just like asking them for permission to post it into your own community say you have like a community that you're um you know you say you're in like a greek community for example and you want to translate it and then and kind of um i

guess push it out to that community well then you can i would ask permission though from the content creator first before doing so but generally you know they're all okay with it like i'm definitely okay with that um on that note if anyone um from communities other than the the french and spanish communities wants to translate their daily weird newsletter into other languages definitely hit me up on twitter or discord dm i'll be keen to chat to you uh but and then i just kind of finish with there's like much more you can do obviously but also like what are you waiting for right i i think i've discussed this in the past on the refuel where especially when the prices were coming down of like ethan all that sort of stuff and so and when i was saying you know there are things you

can do when the market's quiet where you can add like a ton of value that is just generally harder to do while the market's hot and i think all of these are kind of those things you can do while the market's quiet you can do it while the market's hot as well but while things are quiet it's just much easier to break into different communities it's much easier to get your name out there i mean i as i said like i do my twitter following by doing educational threads but i did that through 2018 and 2019 when it was like basically a pure bear market uh you know most people were gone there was the engagement was like 99 percent less than what it is today but you can like i kept grinding through it and and got through to where i am now but that's the same thing that can

happen now and i'm not saying we're gonna go into a two-year bear market but when things are quiet it's just a much better thing to do because the people that are sticking around the ones that are actually in it for the tech actually care about what you have to say aren't just like speculators who are just here for for the pump so to speak uh so yeah start now if if this is you if you're looking for something to do um you know i know for a lot of the world at summer right now so maybe you're not going to be spending too much time indoors you're going to be outside a lot that's fine i mean maybe take your laptop or your like your your tablet or something and go uh go create some content um you know while you're outdoors or whatever uh but for me in a little old melbourne

down here where it's still in winter so i'm trying to just catch up on a lot of the backlog that i have especially because the market's quiet but anyway i'll leave it at that i'll leave it up to you all to do that if you need help and i guess like suggestions or anything or like feedback or any of ideas you have again hit me up i'm happy to help you along with that so i put it i i kind of saw this tweet from greg eisenberg here uh i mean on friday where he said uh gutenberg launched the printing press when 96 of the people in europe were illiterate that's how it feels to be building in web 3 crypto today it's just early this really i mean as i quote tweeted here this messed me up like i didn't know this uh at all i knew about gutenberg and the

printing press obviously but i didn't know that 96 of people in europe were illiterate which basically means 96 percent of people in europe had no use for the printing press uh at what in that at that point in time obviously later on they did because they became illiterate and i'm sure the the printing press had a very big part to play in that um but that's exactly how it feels within crypto today right like we all like a lot of people like to complain about ethereum and d5 and interfaces being all clunky and the ui ux being clunky and all that sort of stuff and it's like well for one yes okay to an extent they are but i think a lot of them are actually pretty good and two there's just a lot of new language that people have to learn i don't think we should be dumbing down

the language to a point where we're basically taking away from the fact that there are a lot of things that are unique to the crypto ecosystem and if people need to learn a few new words then then they should i mean there are so many new terms that people had to use when they kind of just started using the computer uh sorry started using computers or started using the internet and you know like yes we we probably tried to dumb it down and try to make it simpler but there are lots of things that people just didn't like a lot of terms people didn't use like think of even back in like the early days like floppy disk right like that that wasn't something that was in the english lexicon until uh computers came along and people were like oh okay that's a floppy disk and like everyone

uses them like fax machine right or or um i guess an inkjet printer or something like all those kind of terms i mean there's so many i'm not going to go through all of them even google right like people people describe searching for something as i'll google it like that definitely wasn't part of people's vocabulary until like the the i guess like early 2000s or even the late 2000s so just just kind of taking that as an early example here i think the fact that you could say most people are illiterate when it comes to crypto and d5 because they haven't used that they don't know the lingo they don't know the terminology it's just because we're early that's all it is and i've said this time and time again it may not feel like it because the markets get ahead of themselves but we

are so stupidly early in this industry it just blows my mind um uh how early we are given the fact that the markets are still you know so hot and i and i've attributed this before to the fact that most of crypto to most people or i guess like i guess like all of crypto to most people is literally just trading coins on an exchange on a centralized exchange mind you and you know this kind of like i guess um a mini ball run we had during april and may where it got kind of heated uh we did see people branch out and use you know uni swap to trade dog coins and things like that but it was still the same concept where these people were just here to speculate they were just here for the pump and they immediately left like pretty much all of those people are gone

now because the markets came down and they're not interested anymore so from that point of view uh there's very little people who actually use the apps day-to-day and actually get value out of them but that will change over time there'll be more and more people that come in it's just a slow process at the start but then you get like kind of that exponential growth where you see this on pretty much every chart of new technology it starts off slow uh and then it you know it obviously grows over time and then you have like a point where it just hits a kind of an inflection point and it goes exponential um and you know as humans we find it hard to grasp exponential growth but if you think about it it it it it makes a lot of sense and it's very very powerful

so yeah i mean this obviously like the whole weekend i was thinking about this and i was i actually didn't have time to but i want to go and do more research on like uh more more history around these sorts of things because i think there's a lot from history that we can learn about uh in terms of like i guess the adoption of what the adoption of crypto is going to look like and there's actually a really good podcast on bankless where they had someone on that was talking about all this sort of stuff and talking about the history of um of basically i mean i'm talking history like not the internet but like uh much much further back than that i'm talking like the early uh i can't remember exactly the errors of it but basically during like the roman empire and things like that

so they were talking about that and how like a lot of crypto today and a lot of like the internet culture and cryptoculture is very similar to culture back then so i highly recommend going and giving that a listen you can find it on on bankless um but yeah generally uh i just think that if you look at this space through a lens that we're just really early and you ignore the markets you can have like a better grasp of where we're at in the adoption cycle uh but yeah i'll leave it at that for now so infuriate i missed this actually the other day i think this was this on friday or maybe it was and i missed this still today but infuria announced that they are supporting optimism so i mean i've i've talked about how all these infrastructure providers are going to be supporting

layer 2s and i expect this to continue and this is just another one that optimism needed to be live and needed to have support before they could go live on mainnet and as i've said before on the refuel the reason why their launch was delayed is because this key infrastructure was missing and now they now they have this key infrastructure so i'm pretty sure optimism is going to launch their public main in july and i'm pretty sure arbitrary is going to do the same thing uh which is going to be fun it's going to be very i think july is going to be a fun month because then we're going to also have the ip1559 um a date set uh very soon i think uh for late july or early august but i i really like not even just july like july august september seems like it's going

to be a very fun time in the ethereum ecosystem especially if the market heats up again i mean everyone as i said people like most of the world's in in summer right now they're enjoying the outdoors but once i guess like kind of the colder months start hitting again people are going to be back indoors and there's going to be a lot more activity happening so i'm excited to see what happens there but another thing that i noticed in the blog post was that uh infuria says uh we are now live with support for the optimism layer two scaling solution in in time for the optimism launch on uh uniswap so uh i i think they're meant to say like uni swap launch on optimism here instead of this unless they're talking about a token which uh would be even would be even an even

bigger alpha leak but yeah um this is funny because like i think as i said july but i think like maybe the first half of july we're going to see unisop on both arbitrary and optimism which is going to be crazy because who's going to win like i'm not i'm not saying it's a zero sun some game but you know which kind of roll-up is going to get the most liquidity off with uniswap which which is going to get the most users and i really do think it comes down to i guess uh uh support from like centralized exchanges and also support from different bridging solutions now as i mentioned in the past arbitrary already has support from ok x optimism uh has support from coinbase but not on their core product just in their mobile wallet

app so if they announce support um you know it'll be just like a battle between kind of onboarding users via that and obviously via layer one as well so it's gonna be a very interesting battle there but as i said the next three months in general is just going to be huge i mean you know even going beyond july and going to august you have zk uh syncs uh uh wait no i don't i think zk sync might be late august or early september they're evm compatible um zk roll up main net but you also have stockwear um they're going to live with their stock net mainnet in in august i believe um so yeah i mean there's so much stuff happening there and then you have like just the the other layer twos continuing on like i i guess like i can kind of talk about

this now uh polygon is teasing i have been teasing a lot of layer two stuff that they've been working on uh they're saying stay tuned here in this new teaser video about what they've got coming i'm sure they've been working like diligently in the background on roll ups and on other kind of solutions here so yeah i mean you know last i guess yeah we got d5 summer maybe this year we get layer two summer i know people have been pushing that for a little bit i don't know if it's gonna coincide exactly with summer um at least northern hemisphere summer maybe it happens in my summer at the end of the year but still it's it's a very very exciting time for layer two and speaking of that uh xerox mods here put out a tweetstorm about the fact that they're building a zknft which is a marketplace for nfts on

zksync so and they're saying that it's coming very very soon so again you have all this stuff coming out in the next three months just like it's going to cause a i guess a huge boon in apps and users i believe it's going to be like a renaissance where people just come back and i've been talking about how this i'm seeing this this um this trend shifting where people are deploying to layer two like projects are deploying just to layer two and skipping layer one entirely i don't know i i maybe i'm getting ahead of myself here maybe i'm getting like too excited about it but i really do think and still believe that uh layer 2 is going to change the game for a lot of different things and it's going to open the eyes of many many doubters out there who thought that ethereum couldn't scale

and it's also going to allow projects to do things we couldn't even dream of on layer one because of those obviously cheaper transactions and that faster throughput the one thing i did want to mention about cheaper transactions though and the one thing people may be getting a bit of a misconception about is the fact that they think that it's going to be uh that one layer two can service like all kind of users and that's that's not true layer twos have their limits they're not unlimited scalability they have their limits and they're actually limited by um well i mean not only by but they're being in large part limited by ethereum's layer one uh and where they can kind of store their data on and things like that now there are uh layer two technologies that that are like validity or volitium i think it's called um

that use kind of like off-chain data availability but they come with security trade-offs at the end of the day so there's going to be multiple layer twos out there with bustling ecosystems they're going to be limited by ethereum's layer one uh kind of um uh throughput as well or kind of like scaling on layer one there so it's gonna take time to get to where we want it to be and i also think that with layer 2 is because the transactions are cheaper there's going to be that block space is going to fill up pretty quickly i mean we saw it play out with polygon right for example now i got heat the other day because people said that i said polygon was a layer too their pos chain is not a layer two and i've never said that it's a layer two i've said before that um

it could be considered a side chain or a commit chain or whatever um but it is definitely not like something that um you know most people would consider a layer two so i'm just going to use polygon as an example as something that like has a lot more block space than ethereum's layer one but got filled up very quickly because what ends up happening is that it's this concept of like induced demand right like you've got like a highway that has three lanes and you say okay how can i fix the traffic on this highway all right i'll just add another lane well if you add another lane then more people start driving on that highway and then you get the same problem you have to keep adding more and more lanes so that's the same concept with scaling on ethereum where these layer twos give you like a lot

more lanes like hundred times more lanes but people now that there is that capacity people are just gonna fill that up and it's not only just people it's bots there's gonna be a lot of bots filling up the space and the capacity on these layer twos with arbitrage transactions especially so when you have that kind of stuff happening uh these layer twos can actually reach their limit right and and they can reach that limit a lot faster than people think they can that's exactly what happened with polygons pos chain it reached its limit it started having full blocks and you know the fees spike when that happens so i just want to have some caution there i don't i don't expect it to happen kind of like too quickly on the layer twos and i do expect the experience to still be much better than layer one

in terms of fees and and uh speed of transactions but generally uh nothing has unlimited scalability absolutely nothing and anyone claiming that something has unlimited scalability is lying to you because even centralized things don't have unlimited scalability the scalability is limited by the hardware and the band and uh sorry for centralized solutions it's mostly limited by hardware um for decentralized uh from my understanding it's limited by bandwidth where you basically have to communicate across a global set of nodes uh especially on like layer 1 blockchains and you know agree on the current state of the chain and not you know create all these kind of different forks and and the chain in the stability going out the window sort of thing so just a kind of like word of caution there but that's not to say that nft

and nft layer twos are going to be revolutionary it's just to say that i think people need to pause and think about the fact that these aren't infinite scalability solutions and there will be multiple solutions and i believe that even millions of transactions a second is not going to be enough one day so there's going to be a multitude of different solutions with different trade-offs with different security guarantees um and we're just going to have to see how it all plays out going forward and i think this is going to be like a 5 to 10 year thing this isn't going to be something we have an answer to and it's not something that's gonna work itself out within like six months it's going to take longer than that um and i think a lot of it depends on just what developers you know deployed to and what users uh

decide to use but also what the bots do because the bots rule this stuff like the arbitrage bots front running mev all that sort of stuff that happens on layer two is the same as it happens on layer one uh and there are a few different things you can do at layer two to minimize it like you can do mav auctions which is something that optimism i looked into i don't know if that's gonna be live um from day one but yeah there's a lot of stuff happening there a lot of research as well but anyway i'll leave it at that for now i'll move on to uh what i talked i spoke about this last week how um uh the the alchemics had that uh that incident with owl eth where people could basically withdraw eth without paying back their ollie then they were asking the

those users to return the funds and so far over half of the funds have have been returned which i mean i mentioned last week this is just absolutely awesome uh 1200 eighth return out of the 2262 that was owed uh and you know if you returned it i think uh scoopy was teasing that if you returned it you got you're gonna get an nft and then you're gonna get like some other benefits for doing so whatever so it pays to be a good citizen here um but generally yeah i mean i didn't honestly i didn't even expect half of the half of the funds to be returned i expected maybe 10 20 of them but it seems like the alchemics community is very strong uh very good willed so really really cool to see that so kane from synthetics put out a blog post called an older dictator appears

now this blog post is basically him saying that he realized that maybe maybe mistake isn't the right word but he realized that he made a kind of like uh i guess mistake in oh no i don't think the mistake's right word i think he realized that by stepping away from synthetics he was able to kind of like get this spartan council set up which manages all the the i guess like uh day-to-day activities of the synthetics ecosystem and the dow and decentralizes it out but but kane also realized that he had been spending too much time outside of the synthetic ecosystem helping other projects out instead of focusing on the synthetics product and being kind of like not an actual dictator but like being a a source of guidance and and someone

kind of to like soft lead the effort here so this post is just a reflection on that i highly suggest going and giving it a read it's really really great to get a kind of d5 founders um perspective on this uh but basically the tldi is that he'll be kind of i guess spending more time and and being more active within the synthetics ecosystem again and i think he's he's better for it i mean it's funny because i often think about you you know is something decentralized if it has a leader and i think yes just because something has a leader doesn't mean it's not decentralized the the meaning of decentralized is basically okay you have a leader you have a lead you have someone that people kind of like not blindly follow but look for look to for guidance and look to for kind of like i guess a signal on

like what um you know what's good what's not and and kind of like getting advice from them and things like that this is something that vitalik does i think for the ethereum ecosystem he is a good an amazing leader but he is not a dictator at all he doesn't dictate what goes into ethereum he just gives ideas like everyone else can and the community can choose to adopt it or not and the community can definitely say no vitalik we're not putting this in and it won't go in it's simple as that if the the majority of the community um disagree with vitalik then it's not going into the protocol vitalik does not control the protocol and that's the same thing i think with synthetics where if you know kane puts forward a proposal and says you know we should do this and everyone else is like well no this is a

stupid idea well you know as far as i know kane doesn't have any kind of like god mode over the protocol anymore he can't put in whatever he wants uh i think that's up to the council at this point so there are different degrees of decentralization for these sorts of things and i think the fact that you have someone that acts as like a leader or a lead figure in your app or or anything doesn't really take away from decentralization and i've discussed before how decentralization isn't just like i mean it is the people it starts from the people but it's also many other things out there it's also like uh the economic nodes within the system like the exchanges it's also the infrastructure providers it's the apps it's the uh the people running ethereum four nodes stuff like that uh that back this

all up same similar things for the synthetic ecosystem right there's the economic nodes like the exchanges there's infrastructure uh chain link uh you know infuria all that sort of stuff um and there's also the core synthetics community and the spartan council so you know there's people all along the chain there and i think that if they were and the funny thing is is that because crypto open source and because it's crypto so open you can basically just leave if you don't like something that's happened and if the majority of your community leaves because you put through something that was against the i guess like ethos of the community and was it was a really bad idea then your product dies anyway so it's a lot of you know funky game theory that goes on with this stuff but it actually works but anyway i highly suggest going giving this blog

post to read it was a very good perspective from kane so element finance announced over the weekend that they're going to be deploying it to the ethereum mainnet on june 30th which is in a couple of days from now with initial support for all usd which is liquidy protocol's usd token uh followed by dye usdc al usd eth and btc thereafter now there's this blog post of how you can participate in the launch and their rationale you know why they um i guess i support supporting lusd first it's because uh it's a stable coin with low volatility it's got good apy a vibrant community and we honor their launch date of june 30th while they wait for the new die and usdc earn volts so just a refresher here element finance

is a fixed rate protocol which basically splits the yield bearing token into its principle into a principal token and a yield token so you can basically sell the yield as as individual token and still keep your principal so it's basically creating a market for fixed rate kind of like lending and borrowing here so i'm excited to see this girl i've been following it for a while hoping to get involved with it um you know alpha leak here i'm gonna assume that they're gonna have a token just like every other app so use it right like if you wanna get an airdrop then all you have to do is use it and i i i don't know if they're going to have a token or not i don't have any special knowledge but i'm going off my rule of if it exists and if it's a crypto project

it's going to have a token so uh jake uh gave us a little bit of an update on the uh i guess like some regulatory news here so he says some big news in global crypto policy the financial action task force was expected to finalize it's quite bad draft guidance on aml regulation today but in today being june 26th but instead will delay until october due to the volume of feedback they received thanks to everyone who wrote comments this is a good start so uh this was basically i think a few months ago there was some guidance put out by this task force that was really really bad for crypto and i think in particular for d5 and jake was leading the charge on getting people to basically write comments to uh the uh fat f which

is the the taskforce here um basically saying that it was bad regulation and they should be reviewed and all this sort of stuff so due to those comments they've had to delay their kind of i guess finalization of this guidance till october to read through all the comments read to all the feedback which is positive right like they actually do read our comments in our feedback which is really really cool so i'm sure they have thousands of replies to read through but i think that they definitely uh you know hopefully i'm i'm hoping that they will uh kind of i guess uh amend this guidance make it more friendly because at the end of the day the number one thing that can stifle a lot of this this ecosystem and it slow its growth down considerably is if there's really bad regulations that choke the on ramps to crypto

and really all you have to do is choke defeat on ramps to shut down most of the activity on uh on ethereum at this point in time i actually think all you would have to do is basically say to the fiat on ramps like coinbase no users can't withdraw from coinbase to the ethereum main chain and you would shut off a lot of the activity on ethereum now uh that's not to say that you can regulate d5 you can't um you can't regulate what's happening on the ethereum network or anything like that but choking the the on ramps is definitely a risk so we need to make sure that the regulators understand what they're kind of like regulating for starters and we need to ensure that they don't put forward bad regulation because as much as like i personally hate most financial regulations i mean hating it is one thing working to

fix it and making sure that the powers that be don't kind of like mess up our uh nascent ecosystem before we have a chance to grow it and see where this goes is is a really great uh idea but generally more and more regulations are going to come i'm sure you've been seeing all the stuff with binance getting barred from different countries and and different um kind of um exchanges being told to stop offering uh leveraged products to retail investors uh i'm on the fence about this binance is obviously playing with fire and has been for quite a while they're definitely a regulatory target just generally um and i think that leveraging crypto and i've discussed this many times before is just really really bad like i don't want the government to have to regulate these things for people to actually kind of

like learn their lesson and just like stop using this stuff but there's not in my eyes there's no other way like using leverage is akin to gambling uh where you know it's an addiction right it gets very addictive and people lose a lot of money by doing this uh so i guess like the government's just basically saying well this is like toxic we don't want people leveraging up on on these instruments especially doing leveraging crypto i mean leveraging stocks is one thing because they don't move as fast and there's like circuit breakers and all this kind of like regulation around it but doing leveraging crypto there is none of that there is no circuit breaker there is no um there's nothing stopping an asset that you're leveraged up on dropping 50 in a day and you get massive amounts of leverage as a brand new user with no experience

in trading so i get ex i get why the regulators are going after leverage and i've been saying for a while that they will go after leverage and margin trading products and derivatives in general like options as well is another thing that people can get wrecked on um but i'm not a fan that the government has to step in and do that i wish that we could self-regulate better i wish that people would listen to uh the people in this industry about rubbish being like really risky and and can potentially blow blow you up and make you lose a lot of money but at the end of the day they just people don't don't listen they have to learn it for themselves which is fine like i've been there myself before not with leverage but like i've learned like in the past you know after making some bad trades a while ago

that uh you know i shouldn't be trading but uh i think the quickest way and the only way really that people are going to learn is if they blow themselves up so yeah we'll see what happens there but generally i expect the regulations to be clamping to be ramping up over the next couple years definitely um and we just got to make sure that they don't go ramp up to the point where it chokes this industry all right last thing here so i joined david hoffman on the bankless weekly roll up last week filling in for ryan sean adams who is currently vacationing so if you haven't listened to this yet i highly suggest you do so it's about an hour and a half two hours of me basically me and david sorry talking through the week that was uh within i guess ethereum crypto all that sort of stuff

had a lot of fun doing this it'll be linked in the youtube description below for you to go check out if you haven't yet and on that note i think that's it for today so thank you everyone for listening and watching be sure to subscribe to the channel if you haven't yet give that video a thumbs up subscribe to the newsletter join the discord channel and i'll catch you all tomorrow thanks everyone