Restaking ETH, 4844 updates and more - The Daily Gwei Refuel #460 - Ethereum Updates

Transcript

hello everyone welcome to another episode of The Daily gray refuel where I kept the latest news in ethereum ecosystem I'm your host Tim lisasano and since the 4th of October 2022 alright everyone let's get into it so we have an update about the uh cftc I guess uh Pro uh regulatory um process against ukidao here so uh Nicholas Shia from coindesk reports that the court has granted the cftc motion to serve okidao by way of helpbot allows the service to be retroactive to September 22nd ruling comes same day that the uh Lex Punk Army files to join the case as Friend of the Court to argue cftc should serve individuals properly so there's an article here for full details on this in coindesk um I think

the funny thing about this issue is that it seems to be flying under the radar a bit like obviously there's a lot of attention on the SEC which I'm going to talk about in a sec normally we think crypto because that is the organization that's given our industry the most grief up until this point in the cftc was rather friendly up until this point but it seems now they're they're not right with these stuff that they that they seem to be doing uh and they served ukidao uh which alleged which they've alleged offers a legal leveraged margin trade without a Futures commission Merchant designation or know your customer program uh and the Dow has three weeks to respond from that date meaning if no one responds by October 13th the cftc could win a default judgment so uh you can read the article for full details here look as I've

talked about this before and I reiterate what I what I said on previous episodes this is classic regulatory agencies going after the small players in order to set precedent in order to make it easier for them to go over the after the larger players obviously ukidao is very very small it was formerly bzx they don't have much money to defend themselves uh and it's an easy target whereas you go after the big targets it becomes really really hard and we've seen that with things like the SEC going after Ripple I mean at Ripple Labs I should say uh over xrp I mean Ripple Labs has a lot of money from selling xrp over the years they have a All-Star legal team because of that money so the SEC is having a lot of issues with their lawsuit against Ripple labs and I think they've actually learned their lesson

there and I think other regulatory bodies have learned their lesson uh from that and have kind of said well let's just go after the easy targets right like let's not go for the big guns because they actually have a lot of money to defend themselves I think maybe some of the Regulatory Agencies may have underestimated how much money some of these players had given that the crypto industry kind of still exists in a niche uh kind of area maybe not last year maybe I think we kind of entered Spotlight at the spotlight more last year but I I do think as hard as it may be to believe that a lot of these organizations just didn't realize how much money there was in in crypto how much money was being thrown around thrown around and how much money these uh kind of certain companies have

especially to defend themselves so I I think that's why the cftc is going after okay instead of going after another kind of like DF application maybe a bigger one out there so just go off to the easy targets easy pickings I mean it's a classic strategy this is being used for a very long time but obviously it's now being used within crypto and as I was talking about the SEC there was another other bit of regulatory news over the last 24 hours so uh Kim Kardashian famously was uh Shilling or I guess promoting a scam called ethereum Max during the bull market now she did disclose that it was an ad and that it was an investment advice but that wasn't enough because I mean it shouldn't be enough just to be able to disclose that

and show whatever you want um so the SEC went after her settled with her find her I think 1.26 million dollars and she was paid 250 000 for the promotion but I mean she has a net worth of 1.8 billion US dollars so that 1.26 million dollar fine is nothing but again this is the SEC going after the easy pickings they know that Kim Kardashian can pay the fine they know that she's not going to want a legal battle she's just gonna settle because the finest pittance to her and they know it makes a good headline as I said in my tweet here it shows the public leak that the SEC is quote unquote doing something about the crypto scams when in reality they're not they didn't go after ethereum Max or the opera The Operators of ethereum Max they haven't found them maybe yet maybe they

will uh the victims are all still wrapped the victims get nothing out of this uh and Kim Kardashian gets a slap on the wrist the SEC gets a good headline and that's about it so these Regulatory Agencies this is why I've advocated against a lot of them in the past and I've said that they're full of bureaucracy they're full of politics they don't actually do that much good for the for I guess like the financial system I still believe that especially the SEC especially when it comes to crypto I don't think they've actually done anything good for our industry uh they've they've really dropped the ball on a lot of things I mean instead of going after the small things or going after the I guess celebrity Shilling which obviously uh we don't like seeing it's obviously crap but they could be going after the big things the big risks

the big scams the big griffs and all that sort of stuff obviously I've talked about Terror a lot in the past uh and the SEC did actually go after dark one but the funny thing is the SEC has such a bad reputation within crypto has such a bad reputation generally that when the SEC served dokon everyone was just on dokwon's side about it everyone was saying well the SEC is just trying to bully us again blah blah blah we um we kind of like uh we we don't care about the SEC we're going to take dough Quan side which is hilarious in hindsight but that's the way it is if your organization or your institution does not have legitimacy then everyone's just going to laugh at it and that's I guess goes for every organization or institution in the world really I mean it goes all the way to the nation-state

level if your nation state doesn't have social legitimacy then it's a weak nation state if it has uh strong uh social legitimacy then it's normally a strong uh nation-state right and there's obviously I'm I'm simplifying an extremely complex topic but that is the general gist of it and that goes for these institutions such as the SEC the cftc and you see you've seen the opinion of the cftc uh go down a lot within crypto simply because they've gone after ukida here which everyone kind of sees as an obvious play at going after the smaller players in order to set a precedent for the larger players so even the cfdc who were regarded as Darlings as an as a regulatory institution by crypto people is now getting the same

treatment as the SEC and as it should we should hold these institutions accountable they are unelected bureaucrats right they are not uh private companies they are actually working for the public so they should work in the Public's best interest not in their own best interest right in their own individual best interests but as we know at the larger institution gets the more it acts in its own best interest than it acts for self-preservation and that people within that institution They Don't Really act in in the interest of the Public Act in the interest of themselves and there's actually a video recently of uh a bunch of banks in sitting in a um they were sitting somewhere with a bunch of government officials I can't remember exactly who it was but there was the biggest banks in the US people representatives from there I believe

that the CEOs from there it and they were just having a laugh about how someone was going from public office and got hired by I believe Bank of America one of those Banks uh to work there and it just really shows the revolving door that exists between the public and private markets where you work in the Private Industry and they're like okay well I'm going to go work in the public sector I'm going to go work do stuff in office I'm gonna whether it's a via election or not I'm gonna go do that and then after that obviously you've made a lot of connections you you've kind of the way of the land then you are you look very appealing to private corporations who are going to pay a lot of money for that access so it's this revolving door of just Insider crap that

keeps going on between these things and it's especially bad in the US because they have such large organizations and such large institutions that they just basically work together it's not an implicit thing they don't implicitly work together um because implicitly would uh obviously leave too much of a trail and things like that but they do it explicitly uh they do it uh you know they've done it for a very long time and honestly like as time guys is on they kind of push the boundary of what they can get away with and sometimes they just do it out in the open like that video right that's literally out in the open I mean you don't have to be a genius to figure out what's going on there but they know that nothing's going to come of it they know they can do whatever they want they feel

Untouchable because to be honest I mean these financial institutions within the US are pretty much Untouchable they got bailed out in 2008 if they fail again they're gonna get bailed out again now I'm selling like a sounding like a raging libertarian but I think there's a lot of Merit to these arguments where there's just this revolving door going on and that's why you see a lot of these actions that don't necessarily make sense from the Mandate that these institutions have the SSC has a mandate to regulate the Securities um uh the trading of security cftc has a man there to regulate the trading of our futures and other commodity products right and commodities sorry um but at the end of the day like the SSC we can easily say he's not fulfilling that mandate when it comes to crypto not at all because I mean not

even in the traditional space anymore but especially within crypto it hasn't given any clear guidance in anything it's doing enforcement but uh via VIA regulatory action via the chilling effect right it's not actually doing its job and that's because the people within the SEC especially Gary Gensler like they very much seem like they're only in it for themselves and their only advancement what do you think Gary ganza is gonna are gonna end up after his term uh as uh SEC chairman I don't know how old he is maybe he'll retire but I don't think so he'll probably just go get a cushy job at some private financial institution some large one whether it be a bank or something else and it's not hard to see that that's the logical progression of someone who's worked in a you know obviously one of the um the

biggest institutions in the US at the highest point in that institution but enough me ranting about this sorts of stuff I think that it's very important just to understand how these things work to understand that it's not all conspiracy theories it's not all just like raging Libertarians screaming about all this stuff that doesn't make any sense I mean if you dig even a little bit it's all there for you to see and that's it's so transparent if you dig because they don't actually care and at the end of the day the politicians all they care about is their image all they care about is re-election they'll do whatever they can to protect that they will do whatever they can to get reelected and then these unelected bureaucrat bureaucrats I mean they don't really care about the their Public Image because they don't get elected and they

don't need to appease voters obviously they need to appease the people that appoint them to those positions and things like that but that's a whole different game altogether like that has got nothing to do with the public that has got everything to do with just Insider I guess in the US Washington style politics right uh but yeah I'm gonna leave that at that one just another thing that SEC has done that I mean it doesn't really serve anyone at the end of the day they get some money out of it they get a nice headline that's it didn't actually help anyone right but uh yeah I'll leave that one at that all right I'll do some ethereum related news now so uh Tim baiko posted that they just wrapped up a another EIP 4844 or proto-dang sharding Community call which happened on October 1st so I

forgot to cover this uh on yesterday's refill but this happened on October 1st there are a bunch of notes Here for uh that meeting that that took place and I mean there's a lot of notes here you can go give it a read I'll link it in the YouTube description below but what I love about this is the fact that I mean that it's full steam ahead right I did say to you I expected the core devs to take a break after the merge doesn't seem they want to take a break they're very uh I guess excited to keep working on all the other upgrades coming with the Shanghai update but one thing that stood out to me on this document was the the variety of attendees on this call right obviously a lot of people from the ethereum foundation but there was someone from coinbase uh there was

someone there were people from the optimism uh uh that uh optimism uh project I should say there were people that aren't affiliated with any organ organization I just think that and they will call devs and things like that of course like from from techu and besu and Basu I just love the diversity here because it doesn't just mean there's just like I'm learning a small group of people from the ethereum foundation pushing this thing there are people across different organizations whether that be core development layer 2 or even coinbase right a centralized exchange being involved in such an important upgrade that's coming to uh to ethereum right uh and then you can read all these notes for I guess an up the the latest on that but uh it's just very very encouraging to see this I think that look I'm not convinced that Proto dang

sharding will be ready in time for the Shanghai update if we want withdrawals to come with that update if we do like a separate withdrawal update because we decide that hey let's just do withdrawals on their own I I should say beacon chain withdrawals on their own and then we'll do 4844 on the other erps later well I can see that happening as well because I actually saw the other day that I think there are 28 eips uh considered for inclusion within Shanghai there's not going to be 28 eips that go into Shanghai like not even close to that I mean I think the most we've ever had I don't know the exact number of thoughts in my head but it's nowhere close to 28. if I had to guess we'd probably if we do withdrawals in Shanghai as well and we do proto-dang sharding I mean we jeez like you

wouldn't even have that many maybe five or something right not 28 there's no way in hell you're gonna get 28 in One update but there's always a lot of erps there because people want to get their upgrades in but you know it doesn't mean that all those upgrades are actually necessary or actually needed or actually wanted it's just they're there anyone can submit an AIP but things like big and chain withdrawals and proto-dank sharding are definitely things that everyone wants we want uh you know people to be able to withdraw their stake for a number of different reasons that I've talked about before and we also want people to be able to get cheaper transactions on layer 2. a scalability is obvious obviously a core part of the ethereum roadmap so there's not really any objection there from from what I say I think when it comes to 4844

it seems one of the biggest things is the state expiry uh I guess like the the expiry aspect of it where after a month the it basically expires and and the shoe had a backup of it uh you you can't you can't access that data anymore I think while it makes sense that it would be controversial or concerning maybe I don't know if that's the right word I don't think it's going to be a showstopper I think when you think about this sort of stuff if you actually care about that data that about the about storing that longer term you have a whole month to download it and store it yourself and you don't need it to prove that it existed uh because of the way the um uh because of the way the state Works uh sorry that should say the um the not the vertical trees the Merkle

trees works and the guarantees that you get by obviously auditing the um the chain yourself but if you actually want the data and want to be able to unpack it well then you need to store it yourself otherwise it expires and the reason why it expires from my understanding is so that it doesn't bloat the chain it doesn't make it really hard to run a full node all that good stuff there it's basically offloading it to anywhere I mean just traditional ways of storing data like any of us could download that data store it on a on a Nas if we wanted to and we could make it accessible to people over a peer-to-peer Network uh such as um such as BitTorrent right and that's not illegal I mean you know sometimes I mentioned tyrants and people like oh torrents it's like piracy and stuff like

yeah okay a lot of it's used for piracy but the actual Act of uh or of uh using peer-to-peer file sharing is not illegal right BitTorrent is not illegal uh and it's used for very legitimate purposes because it's just a really great way of sharing data around especially globally so I expect there to be a bunch of services spun up that offer this uh there'll be paid Services of course there'll probably be some free ones but you're free to download it yourself and store it yourself if you want and I actually will to be honest I have a lot of storage space in my NASA's I think I have over 100 terabytes now in my Nas uh most of that is still unused that I can use for this sort of stuff and I and I'd love to do that as a service to the

network and yes obviously I'm not going to make any money from it unless I charge for that data which I don't which I don't plan to do but I think that that's fine like if you actually care about it then it's there so to speak and you also have cryptographic guarantees that that data is what it what um was stored on the Chain originally but because you can compare the hashes to each other which unless the hash function is broken which would be bad for the entire world you have that cryptographic guarantee there but anyway you can read the breakout notes I'll link it in the YouTube description below just great to see more progress happening on 4844 and speaking of upgrades coming to ethereum Ali here had a great tweet where they said ethereum should issue a lucrative prize for the best design and proof of concept

implementation of PBS plus CR list so I've spoken a lot about PBS and CR list or censorship resistant lists in the context of uh making ethereum or censorship resistant and making it so that Mev doesn't play a huge part in ethereum and makes it so that we can uh so that Builders I guess like can't censor or have a really hard time censoring uh and I think I agree with Ali here that they should be a lucrative prize uh Tim asks Tim biker asks how big do you think it should be to draw in people who currently who aren't currently working on it Ali says the Earth 2 BLS Bounty was 1 million I believe so at least that so I agree at least that I mean if you put this

massive bounty on it you bet your ass someone's going to do this as a as a a new design or a kind of like the best design and a proof of concept implementation I think I mean honestly like this all three million dollars is going to get you that and that's not much to the ethereum foundation when you look at the amount of money they have and they should really do this for something as important as PBS and CR lists yes it's being worked on and as Tim says here there are people currently working on it if you put a big bounty on it maybe one of those people are like oh wow okay I'm going to prioritize this now maybe they're working on other things and this isn't a priority for them but for that amount of money people will prioritize it and you might even

get new entrants that just weren't interested in it before and they look at it and like okay this is a a a fun problem to solve if I solve it or if I if I meet their standards I potentially get a million dollars well let's let's do it right um you know a million dollars that's that's nothing to scoff at guys like it's a ton of money I mean imagine if that person to get that million dollars put it into eighth and then um you know rode the the next bull market up and I don't know I mean it made a lot of money off that maybe they will maybe they won't but I still think uh this is a great idea I don't know if it's gonna happen or not I'll keep tabs on that of course but we definitely need probably more of a push on PBS CR list

as I said and as Tim said it is being worked on but I think it's definitely moved up the list in terms of priorities that's for sure all right another great rocket pool thread here and blog post here from Jasper today so this one's titled the rocket pool layer zero bull case and Jasper says running a rock-a-pull node is great but what if you could do more what if you could validate ethereum with rocketpool secure data availability layout and run an oracle with the same node layer 0 equals a crown rocket King rocket uh hopefully I'm getting that just was going to correct me on that but you can read this uh this blog post here for full details on what this is but this concept of restaking your eth uh has been getting more and more attention

lately and that's because of something called eigen layer I don't know if I'm pronouncing that right but I'm just going to say eigenlayer someone can correct me somewhere um but essentially eigenlayer is a data availability layout that wants to use staked eth as its security mechanism so you could you can take stake teeth whether it be R8 or St or some other LSD and you can restake that with eigenlayer to secure it so technically it's eth that's securing it it's just a staked you know instead of the eighth itself right so this concept as I said has been getting more and more popular lately it's something that Jasper has put has thought about obviously and put in his blog post here and I think it makes a lot of sense to to do this because I mean as SRI Ram here says who is I

believe the founder or one of the founders of uh of eigenlay a founder of eigenlayer he says you know I like eigenlayer allows a variety of staking modalities including solo operators in rockapool using native restaking decentralizing L2 sequences is one of the applications and application Builders can choose relative weights across different staking modalities so it's just bringing more functionality for stakers and it obviously gives a lot more functionality to rocketpool as well because if you want to restake well as a soil Staker you can't read like as a Pure Solar Staker you don't get an LSD right when you put Ethan as a pure solid sticker you don't get the protocol doesn't issue you uh staked token so you go through one of these third parties go through rocker pool obviously the most

decentralized solution you get your Arif and then you're like okay what can I do with this all right I can put it in amm I can put it in a money Mark I can borrow against I can do all this stuff but what if I could restake it and what if I could restag it to secure another Network and then get paid for doing that well that's what you potentially will be able to do with eigenlayer with other things out there and I think this concept is going to get more more popular as time goes on because not only do you get to uh you know you give the utility to the user to restake this asset or I guess reuse this asset but you also get to inherit a bit of that security as well and you don't have to kind of bootstrap your own obviously it

limits you to to eth maybe you won't issue you don't want to issue your own token maybe it's like a public good or something like that but I think this is a really really cool concept and obviously you can take it to its logical conclusion and say okay well why don't we what if we do like restate the restake the restaked eat right you could imagine a world where the R8 gets staked in eigen they are and then eigenlayer issues you an ER right eigen rocket eth for example and then you can go stake that somewhere else that is you know potentially possible and people may be wondering well doesn't this just sound like the banking system pre-2008 with the GFC and things just getting packaged and repackaged and sold and blah blah blah yes but but the thing is with crypto the beautiful thing about crypto

is that we can track the whole thing and we can order whole thing on chain you can see that the eighth was deposited in to Rocket pool the R8 was issued to the user the user went and staked that R8 with eigenlayer they were issued ER eth and then they took that and and staked it somewhere else or put it somewhere else so there's a trail there that is fully auditable by anyone in the world just by running a full node I mean you don't even have to go that far you could just go and eat the scan like obviously this game is not 100 trustworthy but like you don't even have to go that far right whereas with the traditional system I mean it's completely opaque we don't get to see what's happening in the traditional system we can't see anything The Regulators get to see it but like

they don't have full view over it as well the banks them themselves don't even have full view over it so from that perspective this sort of stuff is both possible and much safer within crypto than it is in traditional Finance simply because of that audit Trail which I think a lot of people Miss they always do that comparison where they're like oh isn't this like the you know traditional system reaperification all this sort of stuff like no I mean yes the mechanism are the same but no the auditing is very different and that's the key element here it's not like someone could just issue as much R8 as they wanted to you can't the protocol doesn't allow you to do that you have to put eth in to get our eth out that's how it works at the end of the day so uh yeah go give this

blog post a read from Jasper here I'll link in the YouTube description below but I thought it was clarifying worth clarifying on that front because I see a lot of comments around that uh definitely pretty pretty commonly all right so Aztec has announced support for uh Euler Financial um so Euler is the first yield protocol supported on Aztecs 4626 Bridge which I spoke about the other day so what is oil art how do you earn yield how do we achieve private lending at 7.5 times lower gas fees than ethereum mainnet uh well you can read this thread to fit to uh I guess learn all about that but this is cool to see that they're already supporting a D5 protocol on their 4626 Bridge as I said I spoke about the other day and actually a side note here it is

pronounced Euler people were bringing me up on this I did pronounce this one right this is like the only thing I pronounced right on this show Euler it's not you like and the funny thing is I used to actually pronounce it as Euler and then I went to Google and it's like it's Euler it's up it's named after the mathematician the famous mathematician who I can't remember his name except the Euler part I don't know his first name um but uh yeah it is Euler so I got one thing right like a clap clap for me but anyway read this thread I'll link it in the YouTube description this is really cool because obviously you get that privacy that Aztec enable enables and Euler only exists right now on layer 1 ethereum so you get to tap into uh Euler on layer one through the Aztec 4626

Bridge so go check out this thread as I said you can read full details on this but very cool to see this supported all right last up here we have a new blog post from ingonyama on ZK Bridges so you can read all about the latest killer applications of zero knowledge proofs in zero ZK bridges in this 14 minute read from ingonyama which I'll link in the YouTube description below for you to read it is quite technical but it's fun reading it's really great and there's a nice little table here that compares things uh so it compares the general features and application specific comparisons with things like framework what zero knowledge proof um uh algorithm they're using the Innovations all that sorts of stuff gas costs you know all the relevant stuff yeah so there's that table which I'll

link the thread in the YouTube description as well for you below but this is really cool I love the fact that ZK stuff is just getting more and more integrated within crypto I mean it is the future of this industry if if anyone tells you otherwise they don't know what they're talking about ZK or xeronauts technology is the future of everything in this industry from layer 1 to layer 2 to layer 3 to Bridges to everything it is going to transform this industry over the next few years it already is trying transforming it but if you look at the industry as it exists today and look at it in five years it's going to be so totally different it's going to be crazy how different it is just like five years ago the industry was totally different we didn't really have defy nfts were kind of a thing but not really right

um you know ethereum wasn't a mistake all that sorts of stuff the industry is going to look very very different in five years and I think ZK Tech is going to play a absolutely pivotal role in that and going to be at the Forefront of that transformation so on that note you can go give this a read I'll link it in the YouTube description now I have a few minutes left here I want to quickly talk about something um it's funny spending time in the daily grade Discord Channel spending time on Twitter spending time on Reddit and various different subreddits not just crypto subreddits but like other ones I I frequently go to Oz Finance which is like the Australian Finance subreddit and it's hilarious reading all the comments in there and then reading all the comments in crypto and like seeing how things kind of blur together and I

want to make one comment uh and and a little bit of background here before I got into crypto while I was working like a quote-unquote normal job and I felt like I couldn't afford a house I couldn't ever buy a house because the prices were so high for those of you don't know Australian real estate is is some of the most expensive real estate in the world all that sorts of stuff I used to beg and pray for house prices to crash right I was like okay this is it the feds the RBA we call here The Reserve Bank of Australia they're going to raise rates things are going to crash it's going to be amazing right I'm going to be able to afford a house of course that didn't happen right uh and then obviously prices have come down over the last six months but I mean they're not

back to what they were when I was thinking this five years ago and they're not going to go back there I don't think but my main point here is that depending where you are positioned portfolio wise it especially as a newer person to investing you definitely have a strong bias to certain things now these days I don't think like that at all I don't want the housing market to crash right like that would obviously directly impact me but I don't need it to crash either because like I don't need uh you know cheaper entry so to speak and then take that concept apply to crypto look at everyone who is a quote-unquote bear right now they're not bearish right what they are is that they are people who want the market to go down so they can

get a better entry in order to make more money that's all it is at the end of the day so my main point here and I've gone a little bit off track there but my main point is that I don't actually think true bears exist within most asset classes or maybe all asset classes there's obviously certain assets that you should be bearish on because they're dog I mean most of the assets and crypto or dog but I'm talking about your eats you know real estate good stocks and bonds and things like that right like there are times where you can be bearish for short to medium term but a lot of the pit times people are just bearish because they don't have a position on and they want to and and they believe the Market's going to turn down more but they're planning to buy

back in eventually they're not just going to stay out of the market the whole time because they believe that the Market's never coming back I think that's very important to realize is that when you see people being bearish especially Traders they're obviously operating on very different timelines to you but they're not bearish in the sense of they think it's all going to zero everything's done they're never going to be able to they're never going to buy back in and make money from it they just think that the market is due to go down more they want to get a better entry and then they want to ride it up they want to ride the Cycles like everyone tries to do so I think that when I look back on how I used to feel about things depending on you know as I was not in

position at all back then I didn't have any stocks didn't have any crypto didn't have real estate I was just a guy working a normal job and I was like yeah okay it's gonna crash I'm gonna be able to get a better entry here I'm gonna be able to afford this sort of stuff I think that mindset is very dangerous as an investor especially as a Trader as a Trader it's very very dangerous the best Traders don't think like that they know exactly the way it works but I think it's an investor that definitely is something to consider so I just wanted to say that because I've been seeing it a lot more lately because obviously rates are going up I go and visit the Oz Finance subreddit and sure enough like they're all probably in their 20s and early 30s and and maybe even some some teens in there as well

who are hoping for the prices to crash because they can't see another way to afford to buy right but that's the thing like they're going to buy they're planning to buy right so that again just adds to the fact that prices never go down as much as you think they are because of the fact that even at some point the people who wanted to buy are just going to pull the trigger and buy so yeah I'm gonna leave it at that note but I thought that was just something funny that I'd be noticing more and more over the last six months because this is the first time in a long time that I've actually experienced a um a a a period of time where rates have gone up most of my adult life pretty much my whole adult life rates of either ever gone down or just stayed very very

flat so now I'm experiencing the opposite of it as an adult and it's got me thinking about different times in my life and how I thought about different things I think for a lot of you guys you're definitely in your 20s and 30s I mean YouTube tells me that from the analytics that I can see and that's just the majority demographic of crypto anyway I'm sure you you probably feeling the same as me so just a little bit of context there not Financial advice or anything like that but just context that I thought was worth sharing but that's 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