New mev-boost relay, Argent Web Wallet and more - The Daily Gwei Refuel #635 - Ethereum Updates

Transcript

hello everyone welcome to another episode of The Daily gray refuel where we cut the latest news in ethereum ecosystem I'm your host and this designer and 27th of August 2023. all right everyone let's get into it so kicking off today or kicking off I guess like the news recap over the last 24 48 hours is that uh coinbase so Paul Grove shared here that coinbase has filed a brief asking the court to dismiss the sec's case against us us being coinbase here and they say well Paul says our call argument is simple we do not offer investment contracts as that term has been construed by Decades of Supreme Court and other binding precedent and then he continues By ignoring that precedent the SEC has violated due processed abused its discretion and abandoned its own early interpretations

of the Securities laws By ignoring that precedent the SEC has trampled the strict boundaries on its basic Authority set by Congress we appreciate the Court's careful consideration and you can see this kind of uh uh this uh this brief here it's not that long I think a lot of it is definitely just kind of like uh going over a stuff that you may have seen already I mean okay it is pretty long ride I'd actually didn't scroll down there um but if you want to read it I'll link in the YouTube description below but really as Paul says here the Crux of this is that the SEC as we know has seemed to try and uh assert its authority over basically everything trying to extend its Authority gain more power for itself uh for various

different reasons obviously I think it has a lot to do with political reasons and we've seen recently that uh I think when this is validated a thesis that I've held for quite a while is that the sac and specifically Gary gensla don't care about anything except getting attention and that that was proven by the fact that recently uh the SEC has pivoted pretty hard into talking about Ai and talking about regulating Ai and regulating companies in the AI space now why are they doing this well it's because AI is a Hot Topic right now and they want to attach themselves to that in order to get attention they want to bring possible enforcement actions against various AI companies because that will lead to more headlines for people like Gary Gensler and the Democrats generally and and Elizabeth

Warren and things like that so it really is just politics at the end of the day and I remember saying on the refuel that I believed Gary against uh just wanted to use crypto as a punching bag as a way for him to basically uh strut it out in front of every in front of the mainstream kind of like audience and basically say hey we're going after crypto because crypto blew up and crypto this and crypto that and getting the headlines right and now that AI is the Hot Topic they've kind of pivoted to AI here uh I don't know if the SSC is going to withdraw this case against coinbase it feels like they don't even care if they lose cases because they lost their case against Ripple and they kind of tried to frame it as if they won their case against Ripple because I mean okay

the case is is pretty big and they I think they won on just one or two things but they lost on like the main thing obviously not being able to declare xrp as a security but it just seems like they don't actually care and Gary genslow certainly doesn't seem to care that much he's just been gaslighting the whole time he's just been changing the at least bending the truth and basically um making it out as if they did win so yeah I mean will they withdraw this case knowing that they are going to lose because I do believe that they're going to lose in in court against Queen base here I don't know I don't know I hope they do because it saves coinbase a lot of time and money and energy it saves this ecosystem a lot of time and money and energy of having to fight this crap

but at the same time the SEC as I said has um just been trying to get more power for itself Gary genslow is on a war path in terms of uh just going after anything that can get him the most attention so it's it's kind of tough to to tell here but yeah as I said this brief will be linked in the YouTube description below and you can go check it out for yourself all right so Trent Van Epps here from uh the ethereum foundation who has been instrumental in running things like the kzg ceremony has published a blog post all about the special contributions that were made to the kzg ceremony now I've talked about this before and about how the special contributions uh was a phase where people could submit kind of these exotic uh sources of entropy to the kcg

ceremony and uh this blog post basically goes over all the ones that were submitted here and you can go give this a read I'll link in the YouTube description below but one in particular particular that I wanted to highlight was number nine I believe here called exothermic entropy that was submitted by a team that comprised of a bunch of members here one of those members being Outsider analytics who is someone you may have seen in the in the daily great Discord Channel and for those of you don't know he was the one who organized the Meetup in Denver when uh when beneath Denver was happening for the daily Wear Community and I'm pretty sure I highlighted this video when it was made but there was a video of him you can scroll down here and see it basically uh shooting uh you know a gun

off into the distance and I said it was one of the most American things I had I had ever seen but the point of that and as you can see here what they did was that the and it reads the Mac 34 team detonated four pounds of a binary explosive called Tannerite Tannerite and used a raspberry shake to record the seismic activity as entropy so raspberry Shake is a piece of Hardware I believe um that allows you to record that stuff afterwards they destroyed the storage media with a rifle so pretty exotic way of I guess like um I guess like recording entry BR and submitting it to the kzg ceremony to give a better source of Randomness but but very very cool nonetheless now of course their contribution was not the only one uh

there was a bunch of others I think there was 15 in total or something or 14 in total which you can as I said go check out I'll link it in the YouTube description below uh but great to see that these contributions were were made great to see that uh it's going going towards obviously a good cause or something that we um that we're going to be using in the ethereum network that with the kzg ceremony and things like that uh and just really just generally uh random um sorry not random a very creative kind of uh contributions made here so yeah I'll link this in the YouTube description below for you to go check out all right so PBS and Pepsi and eigenlayer and Suave and you know Amy V boost and Mev all these terms they've

been the Talk of the Town over at least the last six to 12 months right it's been something that you guys have been hearing me talk a lot about on the refuel it's been something that you've seen talked about a lot on Twitter and there's just so much information coming out lately that it's hard to keep track of and you know in saying that there's another blog post out over the weekend called exploring protocol enforced proposal commitments or Pepsi so I covered Pepsi last week and I linked to the um basically the uh the FAQ in last week's episode on Friday I believe she can go check that one out but this is a new blog post from uh yq who's building uh outlayer alt layer here which is a um elastic roll up as a service protocol but yeah it's it's more of I guess like

a high level view of what Pepsi is or I keep saying Pepsi they say this they said to say it as Pepsi but it's p-e-p-c it stands for I mean I've forgotten what it stands for right now uh product coin Force proposal commitments which is basically an evolution of PBS or maybe maybe not maybe evolution is the wrong word it's kind of like a sister project to PBS and it's trying to essentially I believe in shrine eigenlayer at layer one or and trying something like eigenlayer at layer one but I mean there's a lot of stuff going on here and there's a lot of moving parts to it so I don't want to butcher the explanation of exactly what this is but you can go uh give this a read I'll link in the YouTube description below but as I've said before this is going to be the main

thing that is going to be focused on I think after uh dencoon or after erp4844 goes live towards the end of this year because the Verge upgrade includes obviously vertical trees but I think vocal trees generally are less interesting than and sailors ethereum is generally less interesting to I guess the everyday people than something like uh eigenlayer is something like Mev boost is something like PBS is because it has a more of an immediate impact and more of I guess like an interesting impact on on people outside of the core researchers and developers here so you'll be hearing me and a lot of people in the ecosystem talk more about this uh into next year definitely uh and uh it's

gonna be exciting to see what kind of what we eventually decide on you know are we going to put Mev burn into the network are we going to do um PBS or epbs or are we going to do a modified version of it when's that going to come is it going to be pushed out to 2025 a lot of open questions a lot of open research happening right now but stuff happening nonetheless so you can go check out this blog post I'll link it in the YouTube description below for you to do so all right speaking of Mev the when merge uh kind of like initiative here or I guess some website uh you you guys know when merge.com uh now has an Mev boost relay so this relay is at relay.whenmerge.com you can see it up the top here so if you add this to your

validators you will be registered with the um when merge Mev boost relay here now of course goes without saying that this is an uncensored relay so non-censoring relay it will not sense any transactions and the reason why I say it goes without saying is because I probably wouldn't be highlighting a relay if it was censoring to be honest you guys know my views on censorship resistance generally and my views on censoring Mev boost relays um but yeah this is a new one for you to add to your validators if you haven't yet I believe that it's not supported in uh in the smart node stack for rocketpool yet because it's very new but you can add it to rockapool if you would like you have to do it manually I think there's docs for that with solo validators depending on how you're

running it you you know it's relatively easy to to add this as well there's not that many value that is registered just yet it's only a 976 validators so yeah very not very much at all but I think that generally you know it's very new it just came out it hasn't been much marketing around it I think we'll see that tick up but yeah it's kind of funny looking at the distribution of Mev boost relays right now and generally the makeup of it hasn't really changed lately I I've highlighted this before but just to give you guys another look here the ultrasound money relay is still the biggest I mean it's near 40 market share in terms of um overall not just non-censoring but overall um and then block shot Max profit for non-censoring is at 12 agnostic boost at

7.4 percent then in terms of censoring uh relays the the makeup has actually changed quite a bit recently so flashbot is at 16.2 percent uh blocks route is at 12.2 percent and block native is at 8.5 so actually a bit of a healthier Distribution on the censoring side of things funny enough but generally we have like a pretty pretty healthy distribution here and this isn't tracking uh the when merge relay just yet hasn't been added here um but as I said that hasn't been that many validators um registered yet so it obviously wouldn't wouldn't really show up here but yeah it's it's it's still generally pretty good in terms of distribution much better than what it was but uh yeah I think that on the non-censoring side of things ultrasound

money probably still has too much market share at 37.3 percent uh but I think block shot Max profit and agnostic boost will add into that over time uh yeah as time goes on there but yeah as I said go to relay.whenmerge.com to get the details here if you want to add this relay to your solar validators or your rockerport node uh validators there all right channeling guide to shared some exciting news on Twitter over the weekend uh on uh or exciting news about activity happening on the chain link ccip testnet so he's singled out three things here there is an Australian dollar Australian dollar digital coin and a New Zealand dollar digital coin and a Singapore dollar digital coin um being tested uh on uh ethereum

sapolia and the Avalanche Fuji test net using ccips burn and Min functions and he's attached some screenshots here of this happening now you guys know and I think I've highlighted it before that these banks have been trialling their own digital dollars uh for a little while now I think this is the first time that they've been using ccip since since uh ccip is a relatively new protocol that went live uh recently here um but yeah this is only on testnet right now interesting choice to to bridge it between the ethereum sapolia and Avalanche Fuji test net but I guess it makes sense because ccip obviously supports these Networks when it comes to test Nets as well as far as L2 test Nets go I don't think there's many of them I

think there's Ops test now but I don't know if that's supported by ccrp right now um but other than that I'm not actually sure so it makes sense for them to test these things and also ccip is not just meant to be for l2s it's meant to be for any kind of arbitrary bridging that you can think of so yeah it's pretty bullish that uh that companies like uh that the companies are experimenting with this with the uh with Australian digital dollars and New Zealand digital dollars and these aren't just any company These Are banks as well you can see here that ANZ one of the big four banks in Australia is uh trolling this uh and they're also uh one of the big banks in New Zealand as well uh ANZ actually stands for um Australia New Zealand Bank sorry Australian and New Zealand Bank um

it's pretty self-explanatory I think but just for those of you who don't know uh in Singapore I don't know which bank is actually trialling it out of Singapore here I don't actually know Singapore's Banks but very cool to see these trials I'm continuing here and using crypto native technology like chain links CC CIP now all of the relevant links are linked here in chain Link's tweet enchanting God's tweet which I link in the YouTube description below for you to check out all right I spoke about this a few weeks ago uh but espressos uh sequencer uh recently passed its second major Milestone and test Nets uh with the doppio test net well now uh as of August 5th the uh doppio test net is now open to the public and the ecosystem's first public test this and this is the

ecosystem's first public test net for a shared sequencing layout which is very exciting I've talked about shared sequencing a bunch of times on the refill before and about how it is definitely a big Trend lately and now this uh doppio uh test net is the first public test net of a shared sequencer so uh there they say here today we're thrilled to share that doppio is the first decentralized shared sequence of testnet made available to the public as a part of this public release we're releasing our benchmarks for the test net documentation on how users can submit transactions to a polygon ZK the M Fork running over the espresso sequencer and next steps so you can go check that out I'll link it in the YouTube description below there's some benchmarks here as well which is really cool and there's also a guide on how to

how to join this yourself and as I said before one of the main themes of ethereum core development is going to be PBS and Mev burn and stuff like that going into next year I think one of the main themes of l2s going into next year is going to be sequences not just shared sequences but the decentralization of sequences how they're going to handle Mev how they're going to handle censorship resistance all that sorts of stuff because as I've said before sequences are important for things like Mev distribution censorship resistance and liveness they're not Central the centralization vectors that people think they they are but in terms of what those other things can lead to they can lead

to um adverse outcomes that is due to centralization as I explained last week if you only have one sequencer on an L2 and if the L2 is properly constructed that sequencer can't prevent you from withdrawing your funds from the L2 um on because you get to submit that transaction on L1 but what it can can do if there's only a single sequencer is that it can censor you and censor you completely because there's only you know a single sequence so there's only one sequencer it can um extract a lot of Mev because again it's only one sequencer and the liveness of the transaction inclusion depends on the sequencer for uh for uh for uh liveness at the L2 you still get liveness at the L1 in that you

can still submit your transactions on L1 uh in order to exit from the L2 or to to interact with the L2 but if you want to do that in a obviously cheap way and take advantage of it out of what l2s give you like cheap fees faster transactions then obviously a sequence up matters for liveness here so it's going to be a big topic of discussion going forward especially as we move into next year especially as l2s continue to heat up and especially as systems like shared sequences come online so you can go check this out for yourself I'll link it in the YouTube description below all right we're all aware of that Viper uh kind of like bug that happened last week or the Viper vulnerability that led to a bunch of funds being stolen from curve pools well the Viper Twitter account here has put out a vulnerability

post-mortem report regarding those events over the last week and the trdr is the versions affected uh these versions here the vulnerability was a cross-function re-entracy that was possible on contracts compiled with the subs with the susceptible versions so obviously very technical and this post-mortem is very detailed and uh and and quite lengthy so and they show a developer probably not something that you that you'll um you'll get a lot of value out of but maybe you're just interested in seeing what went wrong here how the Viper team is thinking about this and how it can affect other things within the ecosystem so yeah definitely go check this out if you haven't yet I'll link it in the initial description below but great to see them come out with such a quick post-mortem

report and such a detailed report as well because as I said this is technical this is very quite lengthy quite detailed here and all this stuff only happened last week so not only was the Viper team um putting out fires obviously trying to help teams that were vulnerable to this bug uh you know upgrade their their versions upgrade their contracts making sure that that they don't get any funds stolen and obviously dealing with the fact that it was already exploited but they also were able to put together this post-mortem report and put this out within a few days of it all happening so kudos to them on that kudos to their team uh for for this quick turnarounds here and I think this does definitely set a standard for the rest of the ecosystem because I've seen other teams do this quick turnaround I think prism

did a really really quick turnaround with their post-mortem report when we had the finality issues on mainnet and considering what they had to do as simultaneously they had to basically fix their client and test it and make sure everything was was working um they did that and then they put their postmortem report out relatively soon after that I think arbitrim did this as well when their sequencer went offline I believe or the validator went offline and then they had that issue of their um their account running out of eight to pay for fees and they had quick post mortems out so I always really respect teams who do a really really quick technical post-mortem because it means they really understand what they've built they really understand what what went wrong and they can put something together that explains that to people outside of I guess like the their

regular wheelhouse because as I said while this post is technical it still does give a bit of a higher level overview of what happened here which is great to see so yeah you can go check this out I'll link it in the YouTube description below all right an exciting announcement out of Argent over the weekend they've introduced something called their web wallet which they're calling the easiest way to access the starknet ecosystem there is no app no download no friction no need for a seed phrase thanks to account obstruction on stock net you can use adapt with just an your email and a password and then there's this explanation video here of how this all works as well as a Twitter thread here now I've said it before and I'll say it again the future of wallets is account abstraction the future of interacting

with the on-chain products and services is account abstraction and the future of this ecosystem is everything being abstracted away from the end user so that there is little as little as friction as possible for them to get on chain and I've talked about this in the con context of web 2 hours before about how web 2 apps basically enable what is it a one to two click kind of um thing where you begin interacting with what you want to to interact with like for example with Twitter it's really just one one click to open the app and then maybe one click to refresh your feed right and then you're there you're on Twitter you're browsing through your news feed and you're getting all the latest updates that of the accounts that you follow and and what the algorithm will serve you of course then if you

want to tweet it's literally the bottom right hand corner there is a tweet icon you push it you put you type in what you want to tweet and then you click tweet right so there's this kind of this concept of like the least amount of clicks possible to achieve uh the main goals of what the app wants you to do uh this is this this should be the same for crypto you should be able to do a swap on an amm with one transaction you shouldn't have to approve a token and then do a swap right or you shouldn't have to worry about the fact that you have enough eth for gas or anything like that you should just be able to go there uh say you want to swap the asset do not have to do two different transactions to approve things not have to make sure

that you have the you know 80 for fees basically what you want is I want to swap usdc for eighth right that's that's the transaction that's all you want to do you want to be able to do one click and that all happened in the background the approval gets done in the background um the uh the uh the gas fees get paid in the background out of the usdc it gets converted as some meta transactions whatever and the swap gets that gets done and and you just do that one click or maybe two clicks to confirm the transaction of course as a security measure and then you get the eighth in your wallet instantly because it's a layer two and then that's it you go you go about your business you go use other things anything more than a few clicks I think is going to scare off a lot of

people it's going to bring engagement down for a lot of people obviously there are certain things that require more clicks than others an amm swap requires less clicks than say uh interacting with a money market for example or say playing a crypto game or something like that but it just depends on what your app actually is and what the user wants to achieve because everyone knows that anyone who's going to UNI swap at the end of the day there's really only two things that they're going to do on there they're going to make a swap or they're going to provide liquidity right providing liquidity is more complex than making a swap and it's inherently going to require more than probably uh you know clicks then and then a swap is going to require but not but not by that much not by a large margin but those

things are pretty simple when you think about it right you either want to provide liquidity or do a swap whereas if you go to uh some other apps out there say you're going to a gaming app well there's a lot of different things that go into that are you just buying some nfts for the game or are you going to play the game how long are you playing for are you buying some in-game items are you going to trade those in-game items you know there's all these things that kind of fall off of it uh you're going to talk to someone in the game using a decentralized chat app all these sorts of things so different apps require different levels of abstraction but I think generally the goal is to abstract away as much as possible and to make it as few clicks as possible while

still keeping people safe right while still keeping things secure while making sure people don't kind of like rug themselves so to speak or get themselves exploded or anything like that which is why I said that even though you could make it literally a one-click thing to swap on on unitop for example you would still ideally want two clicks because you would want one you know clicking the swap button and then you want one to confirm the swap so that people can actually confirm what they're doing and make sure that what they are doing is what they actually wanted to do you could have an option to disable that where people can say no I don't want the confirm window just do it right eh I mean should you have that option there to reduce friction I actually don't think so I think this should always be

that I I think that that should be the default and that shouldn't be able to be turned off because you should be protecting users from themselves uh in a way that's low friction there are certain ways that I guess like different uh I don't know if I call them apps but like different entities protect people from themselves for example I don't really like the way Banks do it I'm sure you guys have seen the news recently and I think I've talked about this on the refill before about some Australian banks limiting payments to uh crypto exchanges that they deem to be higher risk and there is like a ten thousand dollar a month limit or something on how much it could go to a high risk exchange or whatever well okay you don't know which exchanges they consider higher risk because they're not going to say

that because that could open themselves up to liability uh and any other number of of things but still it doesn't help you right you don't know they can just arbitrarily uh stop your funds based on security concerns there is no option for you to waive those uh kind of protections off there's no option for you to increase that that limit so it just that that is like overbearing right that is just too much kind of quote-unquote protection and really it's not trying to protect you as a user trying to protect the bank from exposures of these sorts of things whereas within crypto with on-chain products because they're non-custodial in nature and and and uh you don't have to give up custody of your funds to interact with these things these apps can be a lot a lot more I guess like fluid while still protecting users from

themselves a simple yes you want to do this transaction is enough there's no kind of like approving it on your end making sure that the person isn't getting scammed or anything like that at the end of the day it's their assets they're the ones controlling it it's their self-custody if they don't want to self-custody they can go through a centralized exchange or whatever and and maybe that centralized exchange will have their own policies over things but I'm talking about like pure Unchained stuff that you do on your own through these different different wallets yeah so you can go check out arjun's solution here I'll link it in the YouTube description below uh for you to do so all right so I put out this tweet in response to a question I got on on Twitter here so someone asked if roll ups can do most of what ethereum L1 can

do at a fraction of the cost with their own token why is this bullish eth token price also adding the fact that eth is lowering the rent they charge for roll up specifically so I replied to this and I said the main value driver of eth does not come from its use as a fee token does not come from eip1559 as bullish as that is and as bullish as I think it is and as much as I think it is a valuable cool driver it definitely isn't the the the top right it's not even the top three and I've listed out some of these things yeah so the first thing that I guess like makes it valuable in my mind is it's used as a store of value and it's used as a money and I think that is true for really any asset that is trying to be uh the most

valuable right outside of companies that are valued based on like earnings and things like that right because ethereum is not trying to be valued based on just earnings yes it has earnings because of fear revenue and stuff like that but if it was only based on that it was only valued based on fee revenue and stuff like that it would be worth a lot less and I gave an example here where I said BTC is more than double its market cap right now but normally only has one tenth of the fear Revenue so 10 of the fear Revenue that the ethereum network has okay so if that's the case then obviously Bitcoin isn't valued based on its fee Revenue so it's about it's valued based on something else well we all know that it's valued mostly based on its store of value slash money

properties so the same is true for eth and then secondly this is unique to eth is used as a staking asset right people buy it they stake it to earn a yield and it's a real yield um because you get the I mean the whole thing's not technically a real yield because some of it comes from the consensus layer which is new each issuance but the real yield comes from Fair Revenue whether that be tips or Mev uh you get that as well right so that's a real yield being paid by users of of the network to use the network then you have the third value crew driver which is a to use as a collateral asset it is such a good collateral asset because it's worth so much it has a lot of network effect a lot of liquidity right has a lot of economic prop

economic depth to it you can use it as liquidity for a bunch of uh sorry as collateral for a bunch of different things in the ecosystem it is the de facto collateral asset whenever a protocol goes live any new protocol that goes live will always start with eth right every single time it doesn't start with any other token it always starts with eighth and that's because it is you know a story value it's money it's worth a lot it has a good distribution there's a lot of holders has a network effect etc etc then I said the fourth valuable cool driver is its use as a fee token right it's used obviously as a fee token it's like currently it's like five million dollars a fear Revenue every day most of that is burned it's very bullish right it's very bullish but I still don't think it is as I say in the top

three those three things in my mind are worth more and then I said the fifth thing is everything else now I did expand than what I meant by everything else yeah so I said everything else includes things that are I guess non-obvious or less obvious valuable cruel drivers these things call as such things as the general diversity of the ecosystem so for ethereum we have a lot of diversity we have scaling diversity because we have different L2 teams we have uh client diversity right we have and they're all independently funded and they're in their different clients around there we have diversity of opinions of thoughts we have diversity of researchers uh just general diversity obviously of the ecosystem decentralization and all that entails obviously ethereum is very decentralized

for a number of different reasons credible neutrality as I've discussed before censorship resistance confidence in ethereum's roadmap execution risk or lack of execution risk and number of active developers and as I said these are just some of the less obvious things but this goes into the everything else category now of course each of these things feeds on each other right and they feed up into each other eats use as a staking and collateral asset or I guess like as a collateral asset uh is only possible because of its store value money properties because to be a good collateral asset you need to be worth a lot you need to have a lot of liquidity and that's exactly what it has but it has that because it's a good story value and money right and it's a good money because it's used as a fee token because

it's used to power the ethereum economy so these things all all feed into each other that's why I said in the tweet I continued and I said you know eth is it de facto money for everything built within its orbit whether that be layer twos or otherwise for a wide variety of reasons as I said it's valuable has deep liquidity Network effect lots of holders accepted everywhere Etc and uh and I want to hit I hit home on this kind of like in its orbit kind of thing where it's not just l2s eth gets exported to other l1s right uh because it's it's because of those properties because it's deeply liquid it has a lot of holders has the network effect these other l1s want eth as well which just further reinforces its Network effect and eats uh properties of of story value and its

money properties and its collateral asset properties and and further and so on and so forth and then I explained how the thesis for l2s is that the aggregate demand will match and exceed the current Demand on L1 so for example if an L1 swap fee is ten dollars right you make one swap it costs you ten dollars then imagine on an L2 a swap costs one cent there is a thousand swaps that is ten dollars right so but obviously uh uh there's going to be more swaps if it's only costing one cent because more people can afford to do swaps the Bots are going to be doing more swaps there's going to be more Arbitrage stuff like that so we're basically just replacing the L1 fee one L1 fee with a thousand L2 fees so the aggregate demand it it

matches or exceeds what we have at L1 but also L1 is still going to be used so it's all additive right so that's what that was my kind of answer to this question that that this person kind of posed here and I guess I ended the Tweet by saying I don't own enough eth and this is because and this goes to my next tweet uh uh uh where I said in 12 to 18 months time when eth is hitting fresh all-time highs many people will be wishing that they had bought more under 2K but I won't be one of them I've gone through this before in the review about why I believe that in 12 to 18 months eth will be hitting fresh all-time highs in the second half of next year so I'm not going to rehash that here but my tweet that I was just talking about is

definitely one of those reasons but I think that it's funny right now because I'm getting a lot of hate whenever I'm bullish on on Twitter right now and that makes me more bullish because I was getting so much hate more hate in 2019 being bullish on eath you know it may seem crazy but being bullish on Ethan 2019 was considered to be something that you will you you know you were crazy if you were bullish on Eighth in 2019 for a variety of different reasons and of course it was the right thing to be bullish on because eighth was you know between a hundred and three hundred dollars but most of the time it's spent between 100 and 200 in 2019 and even 2020 and then eighth we did 50x went to 5K right so

times are different now I don't think people are doubting its value accrual now but back then they were but the funny thing is people are still very bearish right now for a bunch of different reasons I don't know they have their own reasons for being bearish I know anytime I bull post I get hate for it and whatever I mean that hate makes me more bullish so keep it coming uh 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 subscribe to newsletter join the Discord Channel and I'll catch you all tomorrow thanks everyone