OP RetroPGF 2 results, Rocket Pool Atlas and more - The Daily Gwei Refuel #559 - Ethereum Updates

Transcript

hello everyone and welcome to another episode of The Daily gray refuel where we cup the latest news in ethereum ecosystem I'm your host the Anthony 31st of March 2023 alright everyone let's get into it so we have another all core devs call that was wrapped up and Tim baiko is on Twitter with the thread of course they discussed a bunch of different things including chappella which obviously is around the corner uh eof self-destruct El and cl State access a local block building and vehicle tree so it seems to have been a bit of a uh packed core Dev call and definitely moving past withdrawals now moving on to future upgrade things I don't think erp4844 was discussed in this uh in this call but other things that are going

into the next uh Network upgrades such as eof was discussed so you can of course read Tim's Thread about this but great to see that progress it doesn't seem to be slowing down at all and we're already talking about vertical trees which is of course part of The Verge part of the ethereum roadmap I don't expect those things to go live this year I think next year is a pretty good candidate for that but it's great to see them discussed uh you know already being just discussed on uh core Dev calls here and as I said Tim baiko has the thread to get you up to speed on all of that which I'll link in the YouTube description below and you can always and you can also always or check out the agenda here on GitHub and the agenda comes out just before the meetings do so

you'll know what will be discussed there and there's also the recording available on YouTube if you want to listen in look the core Dev calls are pretty slow generally so I don't recommend most people listening they're slow and 10 Technical and you can get basically the meat of it from Tim baiko's threads but if you are someone who just wants to put it on the background or enjoys those more technical discussions well it's always there it's always recorded but I've tried to listen to a few of them myself a lot of it is just a lot of back and forth about the technical stuff that I really don't have any context around especially when it comes to core client teams just talking to each other uh you know it's kind of all gibberish to me so for me I go off timbiko's threads I I

definitely like uh there are other people that do threads as well and I look at um at people's Recaps rather than watching and listening to the core Dev call itself but as I said if that's something that you're interested in you can definitely go always check that out on the ethereum foundation YouTube channel which I'll link in the uh you in the description below all right so we have Chapala going live very soon and Danny Ryan has a thread not a threaded tweet where he said withdrawals is a great time to catalyze a redistribution of stake amongst pools for a more secure ethereum just like stakers succeeded in making ethereum more resilient by switching consensus clients we can do so at chappella for pools do your part switch to a smaller pool now this is of course just

reiterating what I've been saying for many months now about the fact uh that we need to kind of uh do that great reshuffling of steak on the beacon chain now of course as I've mentioned uh previous times it's not going to happen straight away it's going to be a long process maybe you know 6 12 18 month process of us seeing a reshuffling of steak and of course uh immediately after chappella goes live there some of these services will be enabling withdrawals such as coinbase announced that we're enabling withdrawals within 24 hours whereas later is going to be at least a month uh rocker pool I'm gonna talk about in a little bit but I believe they're going to be about a week um a week after I believe with the atlas upgrade uh so yeah it's not all gonna happen at once but that's why I say 6 12

18 months we're gonna hopefully see this reshuffling of steak and we're going to see uh certain pools that have a lot of dominance such as Lido and the centralized exchanges we want to see their dominance come down and I I was discussing this with another person the other day about that percentage of what we actually want to see as a maximum percentage per entity on the beacon chain and I really don't think you can Define it honestly there is no objective kind of uh percentage you can give based on whatever facts you want to base it on there's just not something that people are going to agree with uh and not everyone's going to agree with so personally I've said before anything over ten percent I consider to be uh just too much for any one entity to have but there's a lot of nuance there

because if for example there were over 10 of solo stakers I would prefer that then coinbase having 10 for example right because it's very very different uh the solo sticker entity shouldn't be considered one entity because obviously they're individuals spread all out around the world but it's also quite difficult to identify solo stake is it's definitely not something that you can identify with any kind of 100 accuracy or anything like that so there are there are a lot of nuances there as well and then same for something like a a rocker pool right a decentralized staking provider I would I would um I would be okay with them having more percent of a share than a centralized one because again there's that Nuance of it being decentralized versus centralized but and that's why you can't really have a flat percentage and say

okay well no provider can have over 10 or no entity can have over ten percent I mean it sounds good on paper but when you start thinking through uh the kind of consequences of that and thinking through the Nuance of that it doesn't really make much sense anymore so I personally just want to see uh the more of a kind of spread out Beacon chain right now I think that we we have a I guess like uh there's like what three or four top operators on the Chain right now top entities on the Chain right now obviously later being the biggest one but I've discussed later before and how I believe that they're at least a lot better than a centralized exchange because they spread out the stake to various different entities around the world and most of those entities are not actually based in the US either which is

a very positive um but yeah generally I would love to see more solo stakers after um chappella goes live more rockable stakers you know and more decentralized Stadium providers like stakewise V3 with their vaults that that's going to be decentralized there's going to be a swell launching as well I would just love to see more decentralization uh in in the stake than we have uh today and as I've said before the reason why this wasn't possible before shapella is because the only way any Earth could ever destroy any dominance could go down for any of these providers is if they didn't get new inflows and some other service got new inflows and their percentage share of the network went down like that they weren't able to lose share by losing uh staked in the beacon chain which they obviously will be able

to do a post a Shanghai Chapala I guess what is going back between those two names Shanghai shapala but I guess it doesn't really matter everyone knows what I mean but yeah just a great reminder from Danny here that if you fall into this bucket if you're someone who's staked with a centralized provider and you haven't wanted to get out via lsds because you just wanted to wait and not take any discount and then maybe go spin up some mini pools with rock a pool or become a solo Staker um just a reminder there that uh yeah it is the the path to do if you're able to do it it is the path to take post uh post trapella here all right so speaking of a beacon chain withdrawals a shellway wang from the ethereum r d team uh put together a thread where she starts off by saying

ethereum Beacon chain withdrawal technical intro mini thread so essentially this goes through uh the technicals of Beacon chain withdrawals how it all works under the hood the differences between full and partial withdrawals and how it works I I guess like from a client's perspective as you can see here in these images and also the uh the thread itself uh and and there is uh I guess like a tldr which uh Terence I bring up terence's thread yesterday that's the trdl of xiaoware Wang's thread but if you read terence's thread and thought you know you know what I want more details about this well you can read xiaoway's a thread here which I'll of course Link in the YouTube description below for a more technical deep dive into a beacon chain withdrawals

all right I also spoke about yesterday um the kind of Adventure I had staking with my low-powered protest device and about how ethereum on arm is bringing uh their ethereum staking and running ethereum nodes to a camera with exactly what it was called but it's another low powered device well today they put out another thread where they said uh or another tweet where they said look a whole ethereum universe running inside a home rack a one L1 node um and a plus three validators Geth and Lighthouse arbitrim uh one gnosis chain and uh starknet L2 nodes uh e swarm ipfs and and Status also running and all in under 1500 of gear consuming less than

40 Watts and you can see here all the different terminal Windows running this is very cool and there's more details in this little thread here but this is really really cool uh not just because it's running on a rock 5B board as you can see here but the fact that you can run all these things today right like you can run all these things on a low powered uh device today and uh and using less than 40 Watts which is incredible for especially for people who uh want to watch the electricity bills um and it's nothing like proof of work of course but this is very very cool uh and as I said it's all being done on a rock 5B uh board here 16 gig version and then the full specs are here of what they're using they're using a two terabyte SSD as well uh which

apparently is 140 uh us so I forgot the pro I didn't realize I didn't know what the price was yesterday but they're so cheap I mean I remember when ssds were first coming out not even just not not the nvme ssds but just the ones that just normal ones that use the the SATA connection uh and that was so expensive it was crazy like you were like you know if you had an SSD and it was a decent size you could put like a game on it you were like regarded as a God in gamer circles because you could load everything really quickly and all that sort of stuff right um but yeah it's it's so cheap now two terabytes for 140 and this is not some no name knockoff brand this is crucial which is uh which is a pretty good brand uh in general and also running on a rock

5B board which as I said has proven at least for me to be really really reliable with my protest device even after I re-image the the device uh away from the stock image that came with that everything has been running really really well there so I just wanted to highlight this because yeah this is decentralization in a nutshell being able to run these things on low powered devices and being able to run just nodes in General on low power devices I know people some people will say and knock back at me and say well look okay yeah you can run ethereum validator on a really low powered device but the thing is you still need 32e to run the validator I'm like okay let's let's break that down yes you need 32 to run a

validator uh but to run a solo validator but you can run other validators you can run rockable mini pools right and post Atlas you'll be able to run them for eight eighth plus 2.48 worth of RPL that is collapsing the cost there by about a third right uh but uh two by about two-thirds to a third of the cost then you're gonna have things like stake wise vaults which will be able to run on these devices and pull eth together and then run validators like that there's going to be other Solutions coming out around that as well and then on top of that you are also able to run these full nodes that don't require you to put up a stake of eth or another token and contribute to the security of the network and also use these full nodes as

your RPC that's what I think a lot of people don't don't realize is that for each of these l2s for ethereum layer one you can use your full node that is running on a low powered device as your RPC for to to relay your transactions so you don't have to rely on third-party services you don't have to compete with other people in that RPC and if that RPC goes down well you've got your own and you're able to connect into the network using your own uh and it's just you using it I mean you could potentially open it up to other people if you wanted to but you could just use it yourself so there are so many benefits uh for keeping uh running ethereum nodes on low-cost hardware for so many different people even if it costs you know to be a solo Staker 32 eighth which is a lot of

money right now uh and and you know we obviously think it's going to go up in the future so it'll probably be even more money in the future uh but I think if you just look at that uh it lose you lose a lot of the the Nuance around that and you you lose a lot of the lose a lot of sight of what the actual benefits are so yeah I just wanted to hire that for you guys uh but yeah you can check out ethereum on arms tweet about this I'll link it in the YouTube description below all right so as I mentioned before rocket pools Atlas upgrade is going live on the 18th of April 2023 at midnight UTC uh and they just released uh a thread about this so Atlas is ready for launch they also released version 1 uh point nine I believe of the uh smart

node stack which I just upgraded my Odell uh Box 2 before which comes with a bunch of different features obviously you guys know some of the major features like being able to uh it's been up a mini pool with eight eighth instead of 16 eighth uh you can migrate your existing 16th mini pools uh into there uh to eight eighth mini pools uh and you can also migrate your existing solo validators directly into mini pools without exiting uh using Atlas as well and version 1.9 of the uh the uh smart note stack also enables the chappella hard fork for everyone running running it in Docker mode but the details about that are on the uh rocketpool Discord Channel but yeah This Thread about Atlas goes through basically all of the major

features coming it's just of what's happening there there's a lot of obviously ones that I've mentioned before but very very cool to see that this is a finally uh live here I think this is going to be such a huge Boon to rock rockapool as a decentralized taking ecosystem especially pro-shapella uh especially because of that greater increased Capital efficiency and people being able to Mint these uh pools for basically half of what they've been able to Mint them for uh currently and also just lowering the barrier of entry for a lot of people uh and making our Earth a more efficient token especially because it's been trading at a premium for quite a while and that's hampered growth there and as I said before when I was talking about Danny

Ryan's tweet we want to encourage as much decentralized uh stake pooling as possible to combat the centralized stake pooling and I don't think you know I think um when the R8 premium uh kind of collapses and it's basically zero essentially users can get a very similar experience or pretty much the same experience as they can get buying other LSD tokens right buying steth or CBE or be through binance um by just buying it on the open market and they get exposure to the to Eve staking right so it is very simple it's it's the kind of same one two click access to staking there obviously if you want to deposit directly into something like a centralized exchange staking or a

Lido staking it is still easier because you can just deposit directly and they'll handle everything in the back end for you but it's centralized right whereas with rocker pool you get to do it yourself and it's not it doesn't have to be centralized and you can uh I do it with with uh post Atlas you can do it with eight eighth and 2.48 worth of RPL which obviously lowers the the barrier to entry for decentralized uh staking there and I do know that there are there are plans to get that eight eth down to four eighth eventually as well it's just a matter of uh developing this slow and steadily making sure that it's secure making sure that we aren't taking shortcuts and introducing risk into rocketpool because I think the single worst thing that can happen to any staking pool is uh them getting uh

massively slashed for some reason uh or some other way that they lose their their staked eth maybe it's a smart contract pack or something like that that is the single worst thing that could happen to a staking pool provider because I truly believe that that would actually be a death blow for that provider I don't think people would want to use it after that uh I I think that if it were to happen to any of the solutions uh today that's that's the end result uh they will lose a lot of their stake uh and then uh people will just go elsewhere especially because there's going to be a lot more solutions available for them in the coming months and the way I think about it and the reason why I have that opinion is because look at usdc as an example I know this doesn't map one to one but

it's more about I guess like uh Safety and Security here so usdc as I've described before is fine right I did that obviously DPAC thing that it did but it's fine it's trading at a dollar now you can redeem that nothing's wrong with it it's it's the same as it's always been right but because of that deep pegging event a lot of trust has been lost in usdca that needs to be rebuilt over time and the usdc market cap has gone down considerably I believe it's down almost 10 billion dollars from its peak uh or from what it was before the dpeg and a lot of that stablecoin um uh a flow would have gone to other things like usdt even though usdt has uh has uh depaked before and that happened quite a while quite a while ago and a

lot of people aren't even aware of that or forgot about it and it's gone to a few other stable coins as well I believe there are some that are that are currently growing uh off the back of that now as I said it's not a Perfect Analogy but that's the same way I think about the staking providers if there was a mass slashing event due to the staking provider stuffing up in some way especially the centralized ones uh with with a decentralized version like rocket POI it's very hard for there to be a mass slashing event unless something was actually wrong with the software uh the the smart node stack or there was a bug in the smart contracts or something like that because there are separate um separate uh no providers right uh whereas something like uh like a centralized exchange that may not be

employing best practices could uh have a mass slashing event on their validators and lose trust from a lot of people and and have a lot of outflows and cost them a lot of money now thankfully post uh Shanghai and post Chapel we're going to have Solutions like opal Network going live with their distributed validated technology which is going to make it easier to have redundancy and security for running validators whether you're doing it in a centralized or decentralized way so that's going to help a lot as well uh but yeah that's how I view it it's like the single worst thing that can that can happen so we obviously want these things to be developed at a slow and methodological pace and and keeping Security in mind but also keeping Pace with Market forces obviously that's always the the

challenge for any product within any industry really is you want to make sure you're doing it the right way you want to make sure that you're not harming your customers so to speak in any way especially when there's money on the line obviously uh but you want to be able to do it in a way that uh is uh is secure right but uh but and and also efficient but yeah anyway you can check out rockapol's Thread about Atlas I'll link it in the YouTube description below all right so I've spoken about stakewise uh V3 a fair bit on the refuel and also a fair bit on this episode while they have a thread uh out today whether where they introduce vaults which is something that I've spoken about on the review a bunch of times before but they describe volts as representing a non-custodial

mini staking pools that can be deployed by anyone to accept each delegations run a staking business and access liquidity for your stake so essentially what this allows anyone to do is become a lato basically right uh or become like a lighter operator without having to go through the lotto governance process now obviously this this you know you wouldn't obviously become a part of the later network doing this but you'll be able to set up your own pool and as I've discussed before I could for example set up my own Vault and say hey hey everyone like give give your ease to to my pool My Vault it's non-custodial by the way so you're not giving your Earth to me but stake your eat with with me I'll run the validators I'll run everything for you I've got experience there obviously and I've got redundancies in place and

everything like that uh and uh then you want to worry about any of that but you still get the benefit of a much more decentralized steak right much more decentralized uh Ace taking and helping the the health of the the overall uh overall health of the ethereum network I should say uh and on top of that if I was to take a fee I could direct that anywhere I wanted so I as I've said before on the refuel I plan to actually spin up a stakewise V3 Volt take a fee and then donate that fee to the protocol Guild so not only do you get to uh stake uh your eighth with with a trusted provider such as myself right where it's non-custodial you're basically just trusting me to run the validators and run them correctly uh but you get to help out core developers as well and

help out public goods so that kind of stuff is the stuff that excites me and I Know It excites a lot of you uh but this is the first time that I will be able to do this basically and I'll even be able to run distributed validated technology as well so what I could do is I could essentially work with some community members and say hey do you want to run these validators with me and then we could all run them together and make it even more resilient and secure so really the um these things are going to be happening a lot over the next six 12 18 months and this is this kind of stuff that's definitely going to lead to that great reshuffling event that I've been trying to push it's not a guarantee that it's going to happen I just want to

highlight that but I've been trying to push and I'm trying to meme it into reality because we need it to happen uh for the good and the health of the uh ethereum Beacon chain so yeah I'll keep you guys updated on on my uh progress with with uh stakewise V3 volts here uh when they go live and everything like that but this thread explains what they are as well uh you can go give this thread a read I'll link it in the YouTube description below and it'll probably do a better job of explaining it than I did uh but you can give it a read I'll link it for you below all right so the results of optimism's retroactive public goods funding round two are in now uh there are a lot of tokens given in this round 10 million op tokens which is over 20 million dollars

worth was given to I believe how many projects I'm wondering if 195 projects uh were nominated and all 195 were rewarded now they were part of different categories there were three categories infrastructure education and tooling and utilities and they were all they all got a roughly equal amounts of op for each category and then the category breakdowns are here in the blog Pro so you can see here in the education uh category L2 beat uh topped out and they got over five hundred thousand dollars worth of op which is which is pretty cool uh there's a bunch of other projects CR obviously some names will pop out to you like Zack xbt who does a lot of um a lot of uh reporting and calling out of scams in the ecosystem he

was given over four hundred thousand dollars worth of op uh it's really awesome to see Paul and I here for all the work that they've done in Education uh you can see that they've been given almost 100 000 op which is uh which is I believe over 200 000 and yeah you can keep going down this list and checking out all the names for yourself Hill dobbies here for his Dune dashboards he got given 31 000 op so the rewards here are quite lucrative guys like this isn't small amounts of money this is life-changing money for some of these individuals here I mean I'm sure half a million dollars is uh is a lot of money for for Zach and I'm sure he's feeling very appreciated with that same with Paul and IR uh same with uh Hill Dobby like this is the kind of stuff that I go

on about when I say that sticking around in a bear Market presents so many opportunities like you could be on here as an educator right and maybe you are on here maybe maybe someone that's on this list is watching uh the refuel I know there are a few of you out there I know I know hilldob is a refuel Watcher uh and and I believe paulinaire is as well but maybe you're in here I don't even know you know who you are and you were rewarded here well this is what I'm always preaching this is what I'm always saying you stick around uh not only do you get opportunities via investing but you also get opportunities like this which as I said is potentially life-changing money for for certain people here which is really really cool but that's the education category there was the infrastructure category with the

protocol Guild topping uh with uh they got over a million dollars worth of op they got a huge share here uh and then uh coming in second place was was go ethereum or Geth getting uh over over I believe 600 000 worth of op and you can see here basically like all the core Dev teams are here a lot of the stuff that we all we all use and a lot of developers use such as ethers um and Viper and I mean uh gnosis safe is here as well and the beacon chain website too like this is really awesome too to see infrastructure getting a lot of funding here as well uh and then you can see in the tooling and utilities section uh open Zeppelin top tier with D5 llama uh coming second uh and then a bunch of others as well which uh which

you can check out I'll link it in the YouTube description below but this feels like a a really like supercharged Bitcoin Grant surround to me because these kind of numbers and and all in terms of dollar numbers per project could only be dreamed of in a git coin grants round and the reason is is because the dollars that are going to these people aren't actually dollars right it's op tokens now these op tokens are given a value by the open market whereas in Bitcoin grants rounds you could donate any token you wanted but most people will donate like eighth or dollars and it would come directly from the people themselves whereas the op tokens are coming from the pre-minted op that was generated at Genesis of the op token so it was basically money printed

out of thin air really but when you think about it the only reason why it has values because there's demand in the market for op and right now the market is rating uh or op at over 10 billion dollars fluid eluded value that's why these dollar values are so high here even though it was a very small a percentage of the total op Supply as I said the 10 million op tokens which is a tiny percentage of the supply I believe the the uh the op Supply is what like 7 billion or something like that uh seven I can't oh no maybe maybe four billion or something I want to look it up quickly because I don't want to give out the wrong information here I'm just looking up my other screen so uh I believe the total Supply is yeah sorry 4.2 billion I don't know where I got 7

billion from 4.2 billion so only 10 million tokens of that 4.2 billion was given out in this round and there is a lot of tokens I believe 800 million tokens um allocated towards these retroactive public goods funding rounds so there is plenty of opportunity you have plenty of money to be made uh for providing value to the uh ethereum crypto optimism ecosystems layer to ecosystems generally so just really great to see this I'm super pumped for this sort of stuff because you guys know my public goods maximalist and you can check out all of the recipients and their the amounts that they got for yourself I'll link this in the YouTube description below all right last up here is a tweet that I put out today

um it's a little bit political but I'm not going to get into the politics side of it I just wanted to talk to it a little bit so I tweeted out by saying being anti-crypto is sadly the popular stance in the quote-unquote normally Circles of the world and will win Elizabeth Warren many votes and I should give some context here that Elizabeth Warren has a new campaign right now where she's basically running on an anti-crypto campaign uh that's part that's literally part of her campaign so that's why I put this tweet out but I continued and I said what we as an interest industry need to do is work to change the attitude of Regular People towards crypto one of the ways we do this uh do this is by building products and services that regular people can get value out of instead of telling them

like BTC is going to one million dollars and the USD is going to hyperinflate in 90 days we also need to do much better to call out ponzis like Terror and frauds like SPF deifying these people uh then finding the people running these projects did enough damage to make being an anti-crypto politician a popular stance now as I said I don't want to get into the politics side of this sort of thing but the thing but what I do want to do is expand on what I've said here so for the last year all the mainstream non-crypto people have heard about crypto has been all the right Terror collapsing FTX collapsing all the funds collapsing the price is going to right that's all I've heard really and to them and I don't

blame them if that's all they've heard they think crypto is a scam they think literally all of it is a scam because all they hear about is this shitty stuff because that's what the mainstream media reports on now of course they should be doing better research than just defaulting to the mainstream media blah blah whatever I'm not here to debate that point what I'm here to say is what the reality is right the majority hates crypto and it is a very popular platform to run on right now in the US because of that right especially for someone like Elizabeth Warren whose platform has traditionally been like anti-banking right reigning the banks in uh going against Wall Street all that sort of stuff the crypto resonates with that same bass because that same bass believes that crypto is a scam right gets all the grift it's all just money

uh being made for already rich people and and you know screw those guys blah blah right screw the rich so to speak that's that's the kind of Base that Elizabeth Warren already has so this will appeal to that existing base and then of course it'll it'll also appeal to moderates who uh may have uh May hate crypto right and they're looking for a politician that will do something about crypto because they feel like it needs to be reigned in just like the banks and that's exactly who she is appealing to um but but yeah just generally when you think about what the the non-native crypto crowd thinks about crypto just everyone else out there they either don't think about it at all I mean that's obviously a stands for many people or they hate it and want it to be either banned outright or reigned in or

limited or whatever for whatever reason that's that's the stance of a lot of people uh and that's just the unfortunate stance uh of a lot of people now do can as I said before can I blame them for this not if they hear if that's all they're hearing from mainstream media not if they're not paying attention and uh can I really put all the blame on mainstream media no I can't because without this crappy stuff to report on they wouldn't be reporting on it right like people within crypto they deify dokwon they pumped up Terror and I'm not talking about just random chills and reply guys on Twitter there were plenty of legitimate quote I'm doing the air quotes right legitimate people and funds and and and smart money that all

got into Terror and all pumped a share out of it even though it was one of the most obvious ponzis that existed in crypto right and then with SPF and FTX to be fair it wasn't as transparent well nowhere near as transparent as as Terra but there were red flags everywhere with with SPF and FTX and people ignored that because obviously they were making money right and then all the other that came out last year uh again people ignored Celsius block file that sorts of right people ignored like oh you know I'm getting really high yields when interest rates are basically zero percent no one really questioned that it's like well I mean why is the yields that high well a lot of the times because of token incentives or a lot of the time it was because of crypto leverage where funds were all borrowing

from each other and paying a premium to do that and then that premium was getting paid to customers or getting passed down to customers whose assets were being lent out to these people and then we saw what happened with three hours Capital with the alleged uh fraud around them and everything like that so you know we can't really blame people for having this anti-crypto stance right now because all they've seen is all this and that we haven't actually developed any products that the regular people will get uh get use out of at least right now because it's still very early and I'm not I'm not particularly blaming us for not developing it because it is so early uh but I just wanted to explain and expand on this tweet because that's how I think about it that's the logic I'm going off and that's why you

see all this anti-crypto rhetoric from a lot of the politicians because it's a very popular stance to take right now now I'm hoping that these kind of stances aren't rewarded at uh the poll not the polls at the at the election booths right I'm hoping that uh that these kind of things aren't emboldened but the problem is is that someone like Elizabeth Warren from my understanding she's in a pretty safe seat and she stands a pretty good chance of getting reelected now she could get reelected for for uh nothing to do with crypto at all right she could just get reelected for other uh policies but she'll take that and she'll be like well okay people resonated with that I'm going to keep clamping keep bug attacking crypto keep clamping down on crypto and we need both politicians that fight the other side

for us which there are some I've mentioned some before on on the refill like Tom Emma and things like that but and I'm just talking about their crypto stances I don't know their pulses or anything else I'm not an American so I don't even really bother looking into that because I can't vote anyway right I can't vote in U.S elections anyway um but that's that's kind of like how I view these things and as I've said before I think the US political sphere towards crypto is not friendly right now it's not great the regulatory actions are also not great regulatory uh in uh side of things is is just pretty pretty bad uh especially compared to other places around the world which are much more Progressive uh but yeah anyway I just wanted to expand on that you can go read the replies to my tweet if you want

I read a few of them and lost a bit of faith in humanity because people started getting into fights about politics like U.S politics and I try my best to avoid that uh but I knew that was gonna happen when I put this tweet out so I actually just muted this Tweety when I put it out like nope I'm not reading that I just want people to realize that uh this position of hating crypto is actually a popular one to run on it is not unpopular in mainstream circles it's only unpopular within crypto and to be honest I don't think Elizabeth Warren gives a about any of us at the end of the day right she doesn't like us she wants to use it as a way to uh get herself more power and that's just the way it is but anyway I'm not going to

talk about the politics anymore I'm going to end that on that note for today so thank you everyone for listening and watching be sure to subscribe to the channel if you haven't yet give the video a thumbs up subscribe to newsletter join the disc our Channel and I'll catch you all next week thanks everyone