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AAG #216 - Cloud ⛅️
Recorded: March 20, 2025 Duration: 1:48:30Space Recording
Short Summary
The latest discussions in the crypto community highlight significant growth in the Polkadot ecosystem, with monthly transactions surging from 20 million to 60 million. Key topics include new project launches, ongoing fundraising efforts, and strategic partnerships aimed at enhancing liquidity and innovation within the space.
Full Transcription
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216, and we got a fresh panel of faces here to discuss just a few refs today, but it's
going to be a great show.
I think we're going to dive deep in a few important topics, of course, but we're going
to start with the state of the treasury.
And before I show it on screen, we're down this week.
We're really down this week, starting with DOT.
Down 10,000 DOT worth $.4 thousand US dollars at today's
market value bringing the DOT pile to 30.3 million DOT. USDC down 5 million
50 thousand USDC from this time last week bringing us to 2.57 million USDC and we're also down 340,000 USDT to 8.22 million USDT.
That's the state of the treasury.
I'll now throw it over to Limo for referenda gone by to find out where all this USDC went.
Limo.
Where's Funky?
He's never here, man.
Just please, just please, just push on.
Just go through. I just push on it. Just go through
Believe it. Okay, the first dress is by Alex GGH on the whitest did call a track ref one four eight four
This was approved and increases the validator set size to 600. We've come a long way on that one
Then we've got quite a big one. This is the polka dot liquidity campaign on the big spendender track ref 1 4 3 9 This was approved and it's for seven hundred and ninety five thousand dots
Which is to be allocated towards liquidity provision for dot e for and V dot e pairs on arbitrum base
BNB and the theory of main that
pretty sweet
Then we have Chloe on the big spanner track ref one four three two
This was approved and proposes the curators for the urgey rust bounty and those curators are valerie from hydration
Yakka panic from hydration basti who is a wizard donnell murray who is a wizard and some dude called zero x taylor. He's really dodgy
Then we've got
a pair free ref 145 this was approved as well and this is for
350,000 USDT immediately and then two hundred and fifty thousand USDT and
30,000 dot after six months for the pay free SDK real-time pay to pay
Smart contracts. This is the guys that we're talking about like poker games and stuff if you remember about two weeks ago, I believe
Then we have who's in the then we have open square on the small spend,
the track ref one four five five.
This was approved and it is for 67,000 USDT for the maintenance of state scan
from the period of October, 20, 23 until March, 20, 25, quite a long one there.
Then we've got SIM dots on the the BigTipper track ref 1483.
This was rejected and it was for 700.
for the Jam SDK implementation of a reusable service.
And finally, we've got a serial repeat grifter,
Lima, with one BigTipper ref 1491.
This was approved.
And it's for 1000 usdc 1000 usdt and 550 dot to provide liquidity to the snowbridge usdt usdc tokens against dot on asset hub to facilitate fee swaps.
And that's all been executed now. And there's one that's about to confirm
ref 1493. This is for 520.
Which some of it will be swapped into ETH
and then bridged over and then bridged over again.
And there'll be a SnowBridge ETH against .pool on AssetHub
to facilitate fee payments.
And both of those include 50. for beers
because you've got anti-grift waiting when you can get it.
And that is ref comp.
Well done. You know, the one thing though, they mo is I didn't quite see there where what happened all our viable USDC. Can you can you help me
understand where that 5.05 million USDC went from this time last year?
So this I believe was in ref comp by the last week is the brave proposal. So
that was 3 million USDC. So it's quite a
substantial amount. And what was the treasury at now USDC wise? Not too much.
USDC now 2.57 million USDC. So not enough for that PBA proposal, which is why they resubmitted half
and half. Yeah.
Somebody should do something about that.
I think we're going to talk about that later in the show.
And there's been a lot of great work, people just doing things.
We're going to get into that. But you know what?
A few that you spoke about here.
One is, oh yes, so this liquidity for the fee swaps. You already deployed this, I think. You and Ben already deployed this, right?
Yeah, the USDT against Dot Pool.
Yeah, so that was already done. And then this 50 dot tip is for you guys for doing that, right?
Any other work that you guys are doing right now?
So, the ETH Dot Pool that should exist tonight or tomorrow,
depending on when we do it, because Ben's an event in Poland,
so he has to assign stuff on the move.
Then I'm kind of working on making SnowBridge, USDC, USDT
sufficient on AssetHub and setting the metadata for them.
So, we've got the call ready.
We've tested it on chopsticks. It works. So maybe just going to pass that around a few people in
like the fellowship, see what they think. There's some questions on should the existential deposit
be one cent or four cents or something. Apparently that's a big deal. So, yeah, gonna just pass that round, the fellowship,
and hopefully get some level of confirmation
that people are happy with it,
because what we'll talk about later,
there might be a root ref that gets put up
in the next couple of days,
which then I wouldn't be able to submit this
on the retrack, so maybe the wizards at the fellowship
can whitelist it if they're happy with it.
Cool. All right, nice. Hey, the other big thing was this DeFi singularity.
That's a big chunk of dot there. This is going to be distributed over time, I
guess. So we have one tranche. Well, right now last week, it was available.
The next one is in two months. The next one is in five months. The next one is
in eight months, almost 200,000 dot every time crazy. And then the final crazy thing
was this pure three SDK, I can't believe this snuck through 52%. I thought this is going
to get killed. But I don't know what happened there. I mean, congratulations to the team.
I'm happy about this one. I think it's cool. But yeah, Lee.
Signing is cool. Some people are against it, right?
So as a reminder, yeah, a lot of this payment is a schedule payment. Yeah, so let in six months time So let's say in three months time. Let's like ask how it's going
Maybe check it upon it and if if it's been delivered then fine if there's no delivery you can always cancel schedule payments, right?
Yes, so don't be too worried. But definitely,
you can check up on this in a few months. Yeah, there were definitely some grumbles about this
passing, although I did throw this meme up in certain venues. Clearly, complaining about a
ref that you didn't participate in is a tailor's all this time. But really, if you want to influence
the future, you have to play in the present. What do we got, Tommy?
I think also a little bit critical about the proposal, but it is funded. And I think it's
very important that we root for them winning. Make the most of it, yeah. Because, you know,
there's, there's Polkadot and there's, I would say the Kusama side of things, sort of the light and
the dark side of things. And Polkadot is one of the very few ecosystems that is rooting for true web-free technologies,
right? And the proposal is very true to the core of cypherpunk ideas. So I'm really hoping that
they are able to deliver because it would add to our capacity to do nice cypherpunk things.
Absolutely. I mean, the poker and casino use case alone, I think could be well, big enough to do this,
but we have to pull it off.
It's the same thing with the Inter Miami deal, right?
It went through.
We got to be making the most of it.
And yeah.
Hey, did you guys see Tom Brady retweeted the KOOS logo?
Really?
Huge.
Absolutely huge.
Yeah.
Big.
Huge.
All right, let's keep going here.
Because he retweeted a goal. Okay, what's next? Oh, I think we want to hear from
some awesome people starting with where is it? Here it is. We got Flez on the
show Flez. Welcome to AAG sir. We've been talking about your proposal here ref
1466 polkaot cloud website development.
This is just phase one, 50,000 USDT.
And you're kind of on the line here.
We got about what a third of the way of the decision period left, 10 days left.
And yeah, you come up to clear the air.
I did.
And bring us up.
Okay, so what do you want to talk about here?
Well, I know some of you guys already,
but as a quick background, essentially,
I've been in Polkadot for three years.
I'm on the quiet side up until about six months ago.
I'm on the UX Bounty Curator now.
And I'm working with the Inc. Alliance team behind the scenes
for the last few weeks, working on their new website.
Should be ready by the end of the month.
In Web2, I'm co-founder of an ad network.
And before that, for a decade, I did a web design agency.
And so I'm really looking to bring my talents to Polkadot.
And so really, my focus right now
is on the Polkadot Cloud project.
If we take a step back and think about what Polkadot Cloud really
is, I think as a network, we've always been building toward think about what Polkadot Cloud really is, I think as a network,
we've always been building toward this concept of Polkadot Cloud.
It's just not really apparent until more recently.
Because if you ask yourself, what is Polkadot actually selling?
What is our unique attribute?
It's not block space sales, it's not core time reservations.
We offer that today, but that's not what we're actually selling.
We're selling resilience, right?
Building unstoppable cloud services, individual services
at that.
And so Polkadot started with just a simple service.
It was a blockchain hosting service.
And over the years, we added a lot more features,
data availability, object storage, elastic scaling,
you name it.
Each improvement though, you could argue is just an iteration of Polka.cloud.
So it's like adding to that greater resilience narrative.
And then Jam's going to really take this to the next level, right?
Because Polka VM is going to do a lot of stuff that typically, you know,
builders had a lot more hurdles with, right?
So like, for example, Web3 app developers had to build for the blockchain before,
severely limiting what they could do.
Moving forward with Jam though,
Polkadot VM is gonna handle all of that, right?
So it's gonna open the door dramatically
for developers to get involved with Polkadot
on a much quicker basis and for a lot more things.
So, in other words, you can kind of think of the Polkadot Cloud
as this decentralized Web 3 cloud offering
and get away from Polkadot being so stuck
to a blockchain conceptually.
So I'm involved with the Polkadot Cloud project
because I'm personally paying a lot of money
for Web 2 cloud services right now.
I see the future of Polkadot being centered around this cloud
offering.
And so that's really what I'm focused on doing.
Now, there are some issues that have been brought up,
like fragmentation in different groups,
which I think we did a good job so far answering.
But just to be blunt about it,
polka.com is more for the mainstream users,
it's more generalized, it's static.
Whereas what we're trying to build here is more of an interactive tool,
something that you can actually see live pricing,
you can actually do things on the actual website.
There's legal limitations and whatnot for .com
and what you can't do there.
So it's pretty much a necessity in my mind.
It's just more so getting community buy-in
and making sure we're all on the same page
and working together to bring this to life.
So I'm here to answer any questions you guys have.
Phase one is really to highlight those individual cloud
services, make sure it's very obvious what is available
today, what is available today,
what's coming soon, and then making it so that we can
showcase what's possible.
There's just this huge disconnect right now.
Like, think about it.
There's all these core builders building amazing technology
at Polkadot.
Where is that being talked about, right?
It's like 1x.
Like polkadot.com does not currently even mention
Polkadot Cloud.
It doesn't have individual services highlighted
and so forth.
So there's a big opportunity here
for us to just rally around this idea, this north star
for the ecosystem, and make sure that what we fund,
for OpenGov, for example, just all these referendums,
we're funding them, but we don't have the vision in place.
So it's like, there's all these things that we could fund,
but hey, if it fits into the Polkadot Cloud
narrative and the Hub narrative, that
should be something we focus on as a network, I think, more.
So like I said, I'm here to help answer any questions you guys
have.
The referendum is kind of like 50-50 close right now.
I think it's a little bit under that.
So any support you guys have, I'd love it.
All right.
Thanks a lot.
I want to have a discussion with you here,
but let's open it up to the panel first, starting with Angie.
Is there any chance we can tap into your Ad Network
background and bring in decentralized advertising?
Yeah. So that was one of the main things that we wanted to do originally.
Me and my partner from the web two world, but the technology is not there yet.
It's definitely coming. And I think that that's where, you know,
that that's where we got to get to as a network.
I would love to bring those services to polkaot, but that's not the main focus.
And I don't want everybody to think, hey,
I just want to make money on advertising.
That's not the goal.
But definitely for phase two, when
we get into the marketing discussions,
I would definitely be one of the people
that you would want to lead that effort,
just because I know programmatic advertising inside and out.
I build a DSP and SSP and an exchange from scratch
with just one other developer.
And it's fully automated at this point.
So I'd just love to bring that to Polkadot.
Good. Maybe you should talk to the marketing bounty.
It's all a roadmap.
Hey, Tommy.
Talk to the games bounty.
We want to bring that into games.
Nice.
Okay, just listing a few pro and contrasts.
So first of all, I think it's a very good idea.
This is exactly the direction we want to go for is list all the cloud products.
I think it would also help us discover any gaps we have in our thinking when we get it on a product page,
and then we see what products are we actually missing.
I think the ask is very
proper. It's $50,000. If you compare it, for example, OpenAuth last year has been funding
at $150,000 for a Bounty Manager UI, which has a much smaller target group. And I think $50,000
for a bigger target group for developers for exactly the narrative we're going for. I think
this is very much worth it. I see the risk that some people might have an issue with the
polka dot dot cloud URL being owned by you because it feels so official that some people might have
an issue with the team owning it and then in the future leveraging from it, which also would
not be the worst thing if a team can be successful on leveraging on this.
But I think some people might have an issue with that. Yeah, and that's it for me. I will give it
an eye because I think $50,000 is super low risk for something that can have a lot of benefit just
in improving our collective thinking about the whole area.
Appreciate that. Any support is amazing.
Yeah, and to your point about the domain,
think about it.
I actually own polkadot.inc myself.
However, I'm hosting that domain for the use.inc and inc
alliance.
So it's going to be redirected to their offering.
And so I look at it like we're a decentralized platform. Obviously, we can centralize domain ownership with a, you know, web three foundation, but essentially nonprofits aren't that safe either here in the United States, they're actually compromised right now. And so if you just take a step back and think like, hey, as long as the people that are behind it are involved heavily with Polkadot and the development,
I would look at it as a positive,
as long as it's not being used in any negative way
and the community's involved, right?
That's the big thing.
I wanna make clear that this is gonna be a group effort
with lots of teams.
Phase two is gonna include integrations
from around the ecosystem, right?
So there's all these silos,
all these really good developers building things,
but there's no cohesion.
So that's really what we wanna do.
What are some examples of?
Well, a good example in my mind is like Apple on,
they've built all this really good stuff behind the scenes,
but not many people talk about them.
And so they have really good solutions built,
very quick for people to get involved
with the technology behind Polkadot.
But as far as visibility is concerned,
I feel like it could be better off
working with something like Polkadot Cloud,
even the PDP project, for example,
that could eventually integrate into Polkadot Cloud.
It's mentioned on their website multiple places,
but there's no actual website or
anybody talking about Polka.cloud on the .com. So it seems like a no-brainer or at least the next step
for us to explore as an ecosystem. All right, I'm still holding on to something, but Jose's got
something to say first. Yeah, so basically I can see two targets here.
We're targeting two different people.
We're targeting, with Pocadot.com,
we're targeting people who wants to build a service, who
wants to get deep into the technology itself as launching
a parachain or a service on their jam.
But we don't have a marketing focus into the
Polkadot.com website. I think it has become more of a repository of really
useful information for launching, staking, whatnot. But it's not really
functional. Do you see the Polkadot Cloud being more promotional than
information-wise towards the target of basically you are trying to bring the developers and show them what is available in the ecosystem in a more promotional way, or are you including or going to be including some functionality?
Sorry, I'm getting a bunch of questions. Yeah, so if we take a step back, right, .com, to me at least, and reading through Sean's notes on the forum and whatnot, right,
it makes a lot of sense to separate the cloud and the hub offerings
in a very obvious way.
And so if you think about what hub is,
it's really .com and it's the mobile app, right, that's being built.
That's what users are, the more mainstream users are going to get involved
with their first touch point, right, for Polkadot.
Whereas Polkadot.cloud is going to be specifically for enterprise users and developers that are more
hardcore, right, people that are spending a lot of time working on infrastructure plays, things like
that. Otherwise, developers that are just tinkering around here and there will live in the hub, right,
they're just going to be able to launch smart contracts with ease, you know, get involved very quickly.
So from a marketing perspective, polkadot.cloud
should definitely focus more on just the business aspect
of it, right?
Why would TikTok get involved with Polkadot?
What webpage do we link them to, right?
Like right now I have no webpage to even send somebody to
from X or TikTok or
any of that where it actually shows them what's possible. Right? And developers right now
on Web2 are exploring. But most Web2 developers think like, hey, I need to have a blockchain
to do anything like this. Right? But that's not the case anymore. But Jam, you can, little
pieces, right? You can make web3 this, web3 that,
you don't need to have your whole thing run on the blockchain. So I think that's
going to open the door for a lot. Hey James, do you have a question? Yeah, so I
remember seeing a lot of discussion online around should this content be on
polka.com or a separate website? And we know polka.com is not open source right now,
but even if it were, I heard the argument
that this type of content will never be on that website.
And I didn't know if you wanted to mention that
just for any listeners who may still have
some confusion around that.
Yeah, I'm not too sure how much the Web3 Foundation
and those guys and Parity and whatnot
wanna talk about that publicly, to be honest.
But I think just if everybody takes a step back and thinks about it, right,
there's always going to be legal limitations when you attach it to the main website.
So things like showing live core pricing, doing swaps, all that kind of stuff.
Anything that's like one chain, you add liability.
So to have Polkadot cloud be a separate separate entity where that's the main focus is definitely
opportunistic from the top. You'd have two different funnels, you'd have the ability to
really go crazy with polkadot.cloud, whereas polkadot.com is going to be very straightforward,
mainstream, professional, clean. So yeah, hope that answers your question.
Hey, Nikos.
Hey, my question comes mainly to,
I understand that you want to build this Polkadot cloud
thing, and it's going to be like,
I don't want to go into the details and anything
like if it's going to be awesome or not.
This is on capable hands.
And let's say it's going to be amazing.
What if Parity or Web3 Foundation or Distractive
come the next day with an official flying
court Polkadot Cloud?
And then some other developer comes with a Polkadot Hub
website that will be super dynamic.
And then somebody else comes with a, I don't know,
Jam Cloud website. This sounds to me very split across different areas.
So what I would like to see very much into the proposal
is somewhere that this is in alignment with Web3 Foundation,
in alignment with polkadot.com.
Like if this polkadot cloud works out and it comes out,
then this is going to be the official polkadot cloud thing that we're going to be using.
We're not going to have all this information split into different websites.
I don't think that the money are too little or too much.
I don't want to touch on that.
I just would like to see a much better cooperation across the parties that evolved in the marketing strategy
and the exposure of Polkadot, I don't know how to say it, like icon on the web for all these products,
either clouds or hubs or whatever it is.
So the question comes down to have you talked with Parity,
have you talked to the fellowship,
have you talked with the destructive about if this thing goes well,
if it could be the official one?
Yeah, I've been in touch with Sean T. the whole time.
This was actually his concept on the forums originally.
So when I was reading through that a couple of months back,
I reached out to him directly, showed him the different ideas
that I had, the plans he liked it.
Gavin tweeted the official Polkadot Cloud launch
announcement.
So that was pretty big, but he's obviously aware
I think you know to take some of what you said and just kind of break it down
Hub and cloud offerings are going to be different timings right clouds something where we can get started now
Jam's going to open up a lot of stuff with that
Hub to make a whole website dedicated for the hub the right way, in my opinion, is something
that's not available today.
There's just too much going on.
So to your point, you would have a cloud website start.
You'd have the polka.com website.
Very straightforward, hub and cloud.
You connect them at the top of the website,
whether it's a link or some sort of callout.
But essentially, there shouldn't be any confusion there.
Now, for a hub to work, that's a pretty extensive play
for a whole new website, where if you go through the forums,
there's actually a post dedicated
to what the hub could be.
It's extensive.
It's a lot of functionality built into one tool.
So I'd argue, let's start with the cloud.
Let's get that going.
There's already polkadot.com and the app being worked on,
which will cover the hub.
And then we can see where it looks like.
It's only a 50 grand referendum,
which would allow me to lead the project,
really focus on this, not just do design,
but actually network with all of the people in this space and do it the right way.
But we only have one shot at this.
We should make sure that it's really done correctly. And that's what I want to do. So
so my comment, Flez, is about the messaging. And you said this off the top, you said that what we're selling is resilience. And I think this these concepts are developing quite quickly. But at this point, I'd have to say that that messaging and that idea, it's very stuck in
this idea of Web3 developers trying to push a vision onto the mainstream.
Because like you said, the thing we're selling is resilience. Well,
if you're selling something, it means there's a need for it. But I don't think enterprises
have any real need for resilience.
I mean, tell that to Elon Musk, right? Tell that to TikTok, whenever they were going through
all the issues. I mean, there's going to be world events that happen in our lifetime.
This is very philosophical, very difficult to get a company to shell out hundreds of
thousands of dollars or whatever it costs to protect against some black swan event in
the future. I think much much even just just let me finish
I think much much better messaging is and what we're actually selling is a verification machine
And so what these enterprises have is they have little pockets of truth embedded in their operations
Which is costing them money and what we offer is or sorry little pockets of trust yet
But what we offer is a truth alternative
This is what they're doing for V brick. This is what they're doing for VBRIC. This is what Mythical is doing for digital asset
ownership. This is what Blue Sky is doing for ownership of one's social graph. This
idea of like we're selling resilience is a very Web 3 concept that is not relevant to
enterprises today.
But it's very, very hard to sell.
Correct for the existing enterprises, correct. But there
are going to be new startups that are building for web three.
And they're going to choose this is totally different. This is
totally right. So this is a totally different target
audience than enterprises. Yeah, you're talking about you're
talking about new you're talking about new age startups
who want to protect against some future where they could be shut down.
Resilience is not a problem
when it comes to mass adoption.
Only philosophically, only in our idealistic vision, it's a problem.
But in the real world, trying to sell things on the ground, it's not a problem. So it's not something that you can sell very easily. Resilience.
Right. The reason I brought that up is that the narrative right now in X is that, hey,
core time sales are so low. Do we need this? And that's because they're focused on the
fact that Polkadot is selling core space. That's what we're selling. That's like the idea. It's like, it's not working.
It's not true, right?
It's not selling and the adoption is low
because right now developers look at Polkadot
and they think they would need to build for a blockchain.
It's not accepting any type of application yet.
So to your point, I sort of disagree.
I think there's many enterprises out there
that will not switch their entire stack to something like Polkadot right away, 100% agree. That said, if there are cloud services that are highlighted in a clear way that they could start to use and take advantage of, and replace certain aspects of their tech stack, right, To add more resilience to their overall product.
I think it's a no-brainer. Especially if that's a shift.
I think if you open your mind a little bit, actually, you can tell the same story. It's
just selling resilience is a bad idea. What is resilience? It makes no sense. But you can
sell truth. You can say, right now, you're trusting Amazon to not shut down your website, but instead,
you don't have to trust anybody. That messaging is more relatable than selling resilience,
because nobody has a problem with resilience. Who's getting shut down?
Well, to be honest, there's whole industries getting shut down from cannabis industry.
There's thousands of companies right now that can't post on any social platform because they are literally being stopped.
Like they're selling it in an illegal jurisdiction?
No, just talking about any... No, no, no. In America, there's plenty of states that are
completely legalized. And so if you dig into that, those types of people can't even post
right now without it being
censored to oblivion. So you're building this website for the cannabis
industry. Oh, you're twisting it. No, I'm looking for very specific examples. I
think this messaging is wrong. That's fine. I'm just basing this off of what me
and even Sean, you know, has proposed the same concept. I think it's evolved since Sean
proposed it. That's fair. And that's why we're here.
I'm open-minded.
I want to talk with different groups.
I want to see what the different thought process is around this.
And it's still new, right?
This is a brand new concept.
So it's not like we're set in our ways
and I want to just do it this way.
I'm just saying that's where my thought process is right now.
I think there's many people that think similar to me.
I do see your point.
But I just think that this depends on the user, right?
There are different use cases for this.
It's not going to be a one size fits all solution.
Yeah, it sounds like Web3 trying to convince Web2 of something that is not relevant to them.
All right, let's hear from Michael.
Yeah, so in my core day business with Republic, we still get exposed to quite a lot of different
ecosystems outside of Polkadot.
And if anyone who's ever spent any significant amount of time at a non-Polkadot conference,
you start to like after a split second, start to get indoctrinated and you think, hey, these
ecosystems actually kind of cool. And then you take a step back and you realize, hang on a second, start to get indoctrinated and you think, Hey, we say ecosystems actually kind of cool.
And then you take a step back and you realize, hang on a second.
The whole reason why I was in doctor was because of this reason, this
reason, this reason, but for the normie who is coming into web three for the
first time, the fact that they jumped from web two to web three, regardless
of the ecosystem is a big enough jump for them to stop digging right there.
It's only once you've been in web three for a little while
that you start like being able to differentiate
between the different blockchain networks.
And so sorry, Flays, this is not so much specifically
about your ref per se, but I think about it like a narrative,
like we probably need like the kind of understand
what it is actually that we're trying to differentiate ourselves in now
because for someone just going from web two to web three,
that's enough.
And that's how you get so many people stuck in XRP
who has a blockchain with a CEO.
So I think some differentiation points
and some direction around this is like, is very needed
needed and very needed. There probably needs to be an overarching direction here.
and very needed.
There probably needs to be an overarching direction here.
Gotcha. There's a question.
Yeah, yeah. You know, Jay opened a good point there and I think it's, you know, how open are you?
I mean, by approving these, we're giving you control of a voice, right, and the image and everything else, right?
So it's like, how open are you to basically bring people
who are marketers to really focus on how we basically
target the cloud website?
Are you open to get four or five marketers that
are within the ecosystem that have a very clear idea of how to market things into, you know, giving you like
feedback into that? Or are you just going to do it alone and basically just launch it and it will
just, you know, we cannot change it or do anything? Or we're never doing anything alone, Jose, you know
that. So, you know, at the end of the day, it's going to be a community effort, right? I mean,
this is something where it would be crazy for me
to try to do this all by myself. I mean, no, this is going to be something where I'm going
to work with the best teams in the space, you know, the best developers, the best marketing
people. I mean, the marketing bounty is there, right? But to be honest, that's phase two.
Phase one is essentially building the website. Now, obviously there's some things
that we have to include there
from a marketing perspective, obviously.
But even Sean has reviewed the website.
He likes the direction.
Obviously we can tweak it, right?
And get community feedback.
I do build in public.
So, you know, you can kind of see what's already there
and leave feedback and I'm happy to incorporate it.
So, yeah. So people can basically just ping you and say, and leave feedback and I'm happy to incorporate it.
So people can basically just ping you and say, hey, I'm a marketing, this is my experience
and I have an idea of where this can go
and basically just be part of the team, I guess, no?
Yeah, to be honest,
I'm probably one of the easier people to reach.
I mean, just reach out to me on X,
I'm on the UX bounty team, right?
So I'm already networking with all the different teams
in the space or trying to, it's still early.
So I'm trying to get more involved with that, everybody.
Yeah, I think the consensus that needs to be created
around how we portray the cloud website,
it needs to be there.
You know, this is, you know, we're in the central land,
but we need some kind of like, you know, check marks,
you know, checkpoints.
And I think this could add that, you know,
the most important thing, like in my take. Yeah, and I think this could add that, you know, the most important thing in my take.
Yeah, I think to do that correctly, it's like you have to build in public, right? You have to show
people what you're thinking and get feedback and then incorporate it, right? And I think it's kind
of a downfall of the current dot com. It's like there's all these ideas and they just kind of go
into limbo. It would be really nice to get things that are, you know, added to the website quickly
when new
things are announced.
And that's something that I can definitely do pretty 100%.
Hey, Tommy.
I think you're muted.
Yeah.
I just want to observe that this energy, this discussion is quite some energy and it feels to me like we all are interested in getting a solution like the one we're discussing.
And I think it's also good to have alternative websites to Polkadot.com because we know it moves at its own pace, which is not always the pace that we want.
know it moves at its own pace, which is not always the pace that we want. So I think we
should be experimenting with websites that have good design. And to me, it seems Fless
is a guide that you can at least reasonably discuss with. So yeah, final points for me.
Appreciate that a lot.
Hey, Angela.
Hey there.
We're way over time, by the way, Nikos.
We're not going to go over time.
Really fast.
Really, really fast because Jay made me think about something.
The messaging around Polka.Cloud,
it was a given in my mind that
that would be something that
maybe a group, including Sean,
Jay, other people come up with
with you together, and you would execute on
the website. So if you could clarify that in the proposal, I think it'll, I think you'll
get a lot more support because that is really key. Making sure, the benefit of it
is we all need to be singing the same tune and if we have this website we can
all sing the same tune, we have a go-to place, but the actual messaging of what
it is should be a consensus decision. A hundred percent agree with you. And to be honest, I did reach out to all these groups.
Some of them are busy, right? Sean's busy. He cannot be a full-time advisor on this.
All right. Let's go to Nikos real quick. But I will. Yes, sure.
Yeah. Thank you, Jay. Sorry for that. I agree with Angela and she supported, she said exactly what I wanted to say. If, from my point of view, if I see a consensus across
parity, web-refundation, big players of the ecosystem,
and they all agree that this is the go-to for Polkadot Cloud,
then I would applaud and support it 100%.
Yeah, like I said, if PDP wants to get involved,
I would love to integrate that right into the cloud
and work with them directly.
So yeah, 100%.
Nice. Yeah, I just want to say again, as far as messaging goes, the builders have failed
very badly for years to sell what they're building. This website is very attractive
to everybody who's building and it might pass for that reason. But please, we've done interviews
with Veebrick, we've done interviews with Godom, who has actually built the technology for these
enterprises. Listen to what they're saying,dum who has actually built the technology for these enterprises.
Listen to what they're saying because these people are actually selling the tech.
And although you can impress the people who are building the tech and get a proposal through,
actually selling the tech is the goal here.
So just listen to them and see if it changes what you're thinking here.
I'm an open book, Jay.
Check it out.
Check it out.
Okay.
Now, the guys at the bottom of the call who are trying to get attention, not paying attention
to the call, what do you guys want to say?
We just would like to inform you that we have a prize from NBX, like prize for Polka.Fastest
growing community.
Nice.
Who gave that to you? Who gave that to you?
Who gave that to you? We received this during the NBX Warsaw, the
Office of Conference. This is like, you know, the state is fastest growing
community reward from the NBX organizers. Now we're gonna have to do something where
everybody, we mail it around the world and everybody gets to have it for a week.
We can push this forward to, I don't know, OpenGov or whatever, but here it is.
Congrats guys, nice work.
Good luck out there guys. Thanks for wrapping.
All right, Fez, that was a pretty diverse discussion there. Good luck out there guys. Thanks for wrapping.
Alright, Fez, that was a pretty diverse discussion there. We gave you lots and lots of time because you only have this one week left here.
What do you think on your way out?
I appreciate the time today, guys and girls.
And so, at the end of the day, like I said, I just want everybody to know this is like a group effort.
It's not going to be something where it's like you guys fund this and then it's hard to reach me. So let's just make this happen and then let's maybe set up some calls
afterward if you're interested in working on this. Nice. Great, buddy. Nice to have you on the show.
Thanks very much. Yeah, likewise. Appreciate it. All right, we're going to roll on now to a discussion.
Thanks for waiting, guys. Oh, we got BitBasil back. So we saw a proposal from you folks previously, maybe six months ago, or I don't know.
I don't know what time it is anymore.
But here you are back for 316,000 proposal.
Yeah, why don't you lay it out?
What's up?
Oh, let's go.
I'm just going to have a quick intro, Jay.
So Dennis Belkovich from TrueLarts has appeared on AAG multiple times when the first round
of proposals went through, I believe in November.
Scott Spiegel from BitBuzzle, who is the CEO,
is appearing on AAG for the very first time today.
So let's welcome him.
And I'm gonna let the two of them talk about
the current status of this.
Yeah, can you go full screen on that slide, Joe?
Nice.
All right, take it away, folks. All right, guys. Thank you.
Thank you, James.
Very interesting discussion.
This is my first AAG, so I love how open this community is.
I haven't really seen this from other blockchain ecosystems, so we're excited to dive in full
steam into Polkadot.
But my name is Scott Spiegel.
I'm the founder and CEO of BitBozl.
BitBozl is the leading Web3R community in the United States
based out of sunny Miami, Florida.
Personally, also, I was the founder of the Blockchain Center Miami in 2018,
which you can learn more about in our Netflix documentary,
Banking on Bitcoin, which highlights our origins from 2013 in New York.
All right.
And then my friend Dennis is here too.
What?
What's a.
Dennis.
Oh, is he on mute? Maybe he's on mute.
Oh, Dennis.
All right. It's more to be, you know, during, sorry.
Hey, hey, hey, what's up?
I'm here.
I'm here.
Yeah.
Thank you. I'm happy to, to reason back again.
That was quite a nice experience of collaborating with you four months ago.
So we've mastered our skills and after months of community feedback, we've To return back again, that was quite a nice experience of collaborating with you four months ago.
So we've mastered our skills and after months of community feedback, FuelArts and BitBuzzle have
refined our approach. We shaped our proposal that strengthens creator adoption, transaction volume,
and ecosystem sustainability. Well, we all know that between January and December
24 Polkadot's monthly transactions surged from 20 million to 60 million
daily active addresses, trifle, and also Polkadot set a new NFT minting speed
record nearly 5,000 NFTs per minute So that surpasses previous benchmarks by Solana and Polygon.
And in other words Polkadot has built an exceptional blockchain infrastructure for
digital assets but adoption as we all know depends on engagement and now comes the real challenge
activating both sides of the market supply and demand. So we are here today to introduce a structured action-leading solution
that not only brings artists, collectors, but also investors into Polka.web3 space at scale.
Scott?
Yeah, so as Dennis said, this isn't just about education.
This is really turning knowledge into real scale market growth and real revenues on chain.
So, you know, we have a very high selection criteria.
We want to bring in artists that have proven sales records in the fine art history.
And then when we talk about collectors, we're really talking about high net worth individuals.
We're also talking about corporate executives in the
marketing department at mainstream brands that are looking to implement NFT solutions.
And if you can go to the next slide, Dennis. And like I said, we have a highly selective
application criteria. So what's a little different about this proposal from the last one is that
we're doing a hybrid approach, which was really recommended. So
most of these sessions will be hosted in Miami, Florida, and we're going to be having a select number of artists that we're going to be incubating inside of these classes in Miami. So we really
expect these incubated artists to really outperform and lead to the highest amount of sales from this group.
And on the collector's side, we're educating about the next generation of NFTs, I guess, which we're calling NFTs 2.0, which also the unique network is pushing forward.
And what we see as NFT 2.0 is real world assets,
blending NFTs with decentralized finance or NFT-FI,
and really also blending consumer perks and benefits into NFTs with decentralized finance or NFT-FI, and really also blending consumer
perks and benefits into NFTs for extra utility for collectors.
Here are our KPIs.
Here's a few of them.
We have a whole list of, I think, 25 of them, but our top one is right there in the middle.
We're estimating $468,000 of on-chain revenue
as a result of the projects from this program.
And on top of this, we want to contribute 3%
back to the treasury.
Our success needs to be the treasury's success.
So we're excited to be able to propose that model, which
I think is very unique to the Polkadot treasury, which is incomparable to other blockchains.
And why us?
We'd like to say there's a lot of reasons, but one thing I'd like to
highlight here, like I said from the last proposal, is this hybrid approach.
And we're here and we've been really working with James and Polkadot because
Polkadot was really the first and only blockchain
to really make an investment in Miami and South Florida
and the whole state of Florida with their InterMiami deal.
And the great thing about these sponsorships
and DD is that they have knock on effects.
And doing this program as well will have knock on effects.
We expect, we already have a lot of support
as you'll see from universities, institutions,
governments, local governments, state governments, enterprises, local startup communities,
and just putting this out there, me and James, we hang out at least a few times a week, we'll be
making sure to onboard all these projects on the Polkadot.
making sure to onboard all these projects onto Polkadot.
Yeah, Scott has mentioned the word program for a certain number of times.
So what is this program about? It's designed for real-world adoption.
From the one hand, artists learn how to mint, monetize, and navigate web-free tools,
including and mostly focusing on brand activations, collaborations with brands.
And on the other side, collectors must have their NFT evaluation, investment strategies, and
cross-chain opportunities. I should also say that this program is a unique one because there have
been a lot of attempts to create artist-focused program and and collectors related program, but no one has ever decided
to and was brave enough to combine two in one.
And we have tested this on the both Web3 and Web2 art markets top voices and they said,
yes, this is the thing that the world needs.
Yes and as soon as I also responsible for part of the program so we have gathered an
unmatched lineup of experts leaders in the air spheres from Christus, Artnet, Heddaf,
of course BitBuzz and FuelArts because you because the best way to drive adoption is by learning
from those who have done it before, so those people have proven traction in Web3.
And yeah, Scott?
Yeah, just quickly, I think this slide answers that question.
This will be for the Asset Hub, but we are getting tons of support from the Unique Network,
which their NFT SDK is really being utilized on the Asset Hub. So, you know, these are our confirmed partners so far.
The University of Florida, the flagship program there, we stood up their blockchain lab five
years ago, underneath their arts department, Sotheby's, the Sagamore Hotel, which is the art
hotel, where we'll be showcasing a lot of these artworks. And as I said, we've been talking with Charu from the Unique Network.
And I think her excitement was that we're really tackling this art vertical,
which is a $1.7 trillion asset class, a $100 billion a year industry.
And really no blockchain has really taken it by the horns.
And BitBozle and FuelArts are in the best position to do that and Polkadot you know kind of going to market here in North America is primed to do that as well.
Yeah, so our roadmap is quite clear and structured from May to December, made for preparations and from June to December we'll have education, hackathons, and real-world implementation.
We're requesting funding amounting to 316,000 USDT.
It's allocated strategically across development,
mentorship events, and marketing.
Yeah, Scott, the closing word.
That's it, I mean, thank you.
Thanks for having us.
We look forward to the feedback.
This is a discussion proposal right now. We'll be back here if you allow us, Jay, every week to defend our proposal, share updates.
We have a lot of updates up our sleeve that we haven't announced yet, and we'll be updating that along the line. Thanks.
Yeah, very welcome to come back. All right. What do we think about this? Any comments or questions on this?
Yeah, go ahead Jose. Yeah, as I just brought down, I love the project.
I think artists are basically, they will just flock into it.
Now, we have the opportunity, you
have the opportunity with these to create more traffic for coffee shops. I mean, you're in a coffee shop, you have the opportunity with these, you know, to create more like traffic for coffee shops.
You know, I mean, you're in a coffee shop,
you have an art collection that is NFT combined.
The coffee shop is getting traffic because, you know,
collectors are going there to get the NFT
and the piece as they buy the NFT.
You know, we need to start thinking like that, right?
Like, you know, it's just not one focus.
We need to focus way more, right? And, you know, it's just not one focus. We need to focus
way more, right? And I think this kind of thing will enhance the product, right? So, you know,
we want to see these more, more of these, right? I mean, you know, there is so many ways we can
skin that cat, right? Could you be one of our mentors, Jose? Because your approach
matches our vision a lot. And I remember our conversation four months ago when you said startups are good, but artists might be better.
So we revisioned our proposal also based on your suggestion and advice.
It's beautiful. Thanks, man. You'll call me, involve me, whatever. I'm all in.
So this is really like an art accelerator.
You're going to help artists launch on-chain. Is that basically what we're doing here?
Right?
Correct. Correct.
Not just digital artists, you know, painters, right?
Really, really bringing in that real world asset play
into the picture.
It's cool.
And what you mentioned,
you said there'd be some revenue for Polkadot.
What does that look like?
Or is that revenue for your company?
And what's that whole structure look like?
The revenue is going to the artists, but the artists that join our program, 3% of all primary sales will be going back to the treasury.
Okay. And then just to clear up, are you going to mint these on you, Nick? Or was it somewhere else? Or is that just Cheru is just an advisor? What's the strategy? An advisor and really it seems the strategy is to focus on the asset hub.
You know, have these assets be on the asset hub.
Yeah.
NECAS or SDK that interacts with that.
Yeah.
Okay.
I'm glad to hear about that.
That's good.
Okay.
Let's hear from Angie.
Yeah, I want to dig in more on the mechanics and the model.
But I love the fact that this is in Florida.
And given James's commitment to all things Florida,
I'm really excited about it.
But I would like to do a follow-up call,
because I just want to make sure I understand the flow of things.
I'd love to.
Sweet, Tommy.
So recently, I've been pondering a lot about the NFT space,
because back in the Kusama days we had like a really vibrant and interesting community and it was a lot of fun and then it sort of was dying off.
So I think we need an initiative like this. The missing part for me is and I think this is more on our side is what is actually our strategy overall for the art space.
And I feel like at least for myself,
I don't have a good model of how we should get that done.
If your proposal gets approved,
I think this would also be very important thing for us
to figure out together.
Like what's Polka Dots unique edge that we can offer? And I think, for example, what
we have with Unique and Quota, that we should just pull together the resources that we have
and better figure this out.
Thank you, Tommy, for your question. As I said, we have spent two last months in discussions with Charo and Alexander and several other top voices from the Polkadot community.
And the program, I mean the vision that you're talking about, that will be a part, a natural part of our outcomes because as we said and as we all know Polkadot is prepared to
become the blockchain number one for arts and the place for like the throne
for that the title is still empty so why not why not Polkadot and why not
the fuel arts and the Basel.
of the arts and did Basel.
Yeah, Angie.
I was just gonna say, we are bringing on a 3D artist,
you know, knock on wood, it hasn't,
we need to get it through this week,
but we've been talking about it a lot
and we think we're close.
And the idea is that we would have 3D avatars
for the whole Polka dot community
that are kind of uniform and really cool.
And I think we can do a lot in gaming
in terms of collaboration with art.
So that's why I just wanted to understand,
I totally agree with Tommy.
I just don't know what the big picture is here.
So it'd be good to know like kind of strategy, model,
go to market, all of that.
And then we could fit into that.
Like, you know, there's just everybody, each of the bounties,
each of the verticals probably has some angle in art
to fit into that overall strategy.
And Angie, just to add on to that comment,
like because you and I are so close anyway,
like all of that is part of all of our thinking
that has been happening around not only this proposal,
but with Scott and
Bipasso and Juul Arts and where we see both Miami and North America going around all of these
creative arts. I think we have a very clear idea of where we would like to see Polka Dot go and if
we don't have that existing strategy today, we want to be part of that conversation to craft that
strategy together. So in addition, like we've also spent a lot of time with Spencer on the music side of things, right? Next week is Miami Music Week. We've got the whole Polkadot
Mega Week thing happening with like 14 events happening in the next over five days. So there's
a lot, a lot happening here around creative arts and we are trying hard to make Polkadot, like
right, have all of it right on Polkadot Town.
That's right. I'll say one quick thing, you know BitBozzer. We also have a whole entire multi-chain Bitcoin ornals
marketplace built out.
I've been talking with James like how can and Shahru how can we move this over to Polkadot?
What's the best strategy? But we are recommended to get this program going first introduce ourselves to the community. But this isn't just a, um, a marketing play, which is just as
helpful or if not more important, but we also have a whole entire technical
team ready to break tools to the art world.
Pretty good.
Okay.
Let's have some more discussion and, um, yeah, you're welcome back every week.
Guys.
Let's see, let's see how this can go.
Thanks.
Yeah, that's great. Thank you. Thank you, guys. Let's see how this goes. Thanks.
Yeah, it's great.
Thank you, Jay.
Thanks everyone.
Thank you very much.
All right, we're gonna move on now.
Looks like Tommy's faffing here.
Deploy idle treasury capital into dot V dot liquidity by BTC.
ETH, Mint, Holler, get it all done.
How much are we talking here, Tommy?
10 million dollars.
Oh, 10 million dollars.
Looking to put these idle assets to work.
This is what we need.
Why don't you break it down for us here?
Yeah.
So it's a discussion starter.
So I'm putting out videos so that we have something specific to discuss.
And we have to say this in advance. This is, this
is balance sheet neutral, right? So this is basically
juggling around cash diversifying, deploying it, but
it's still available for the treasure in the future if it
wants to use it. But the main idea is that Polkadot has sort
of around $100 million in TVL all across the ecosystem. And I think we should pump those numbers.
I think we need to make sure that the DeFi ecosystem is
growing.
And so these are the ideas that have been connected
over the last few weeks, mums.
So I'm going to start with these ones.
Some people have pushed the idea to buy
Bitcoin for the treasury, to buy ETH for the treasury.
So I'm putting out those ideas. I've had a discussion with Jakub from Hydration and he
thinks very highly of TBTC and LBTC. So that's Lambert BTC and Threshold Network BTC.
So these can be discussions what kind of BTC would actually be good for Boko.to buy.
The same with ETH,
there could also be a discussion
about buying strategic ETH tokens,
depending on how much alignment
we want to show with Ethereum,
or if there's maybe opportunities
to have strategic partnerships in the future
with certain protocols.
So putting that out for discussion,
and I've attached values like 1 million DOT for BTC,
1 million DOT for ETH and strategic projects. So we can talk about that. Then, so that's one segment.
And then the other segment is adding liquidity. So ByFrost is doing fairly well there, it's also
expanding now, I think via HyperBridge to other ecosystems ecosystems and VDOT is a very popular product.
It's also very popular on hydration and there was also just this open graph proposal approved of
the DeFi singularity. It's this collaboration between BioFest and HyperBridge to incentivize
DOT and VDOT liquidity on four other chains. So the idea is also to improve VDOT liquidity,
especially for hydration and also for the liquidity pool
of VDOT and DOT on Byfront.
And then, Hydration is gonna launch HolA in,
I don't know, a few weeks, a few months,
which is a Polkadot native stable coin.
And so the interesting thing is because it is built
on Hydration, because Hydration has a lot of customizability,
you can do a lot in creating custom angles, custom incentives, custom structures
with different ways and how new Holo is minted.
It would be an interesting savings product.
Maybe the treasury wants to pay out in Holo in the future as a native stable coin
to reduce risk to external factors. And so launching
this initial wave of liquidity for Holos is going to be hugely important. So maybe lending
1 million dollars into a lending market and then minting Holo against it on a conservative loan
to value ratio would be a good idea. And then also hydration is launching GigaDot as a product that is sort
of a mix of VDot and ADot. So the the the dot that is lent into
the money market. So there's a lot of combinations that could
be leveraged here to increase the overall liquidity and the
more liquidity you have in the market, the more volume we are
also inviting. And, and I think hydration is on a very good trajectory right now,
up and to the right.
And so supporting them as much as possible,
supporting our winners in the ecosystem,
I think is very important.
So that would be my suggestion.
Again, $1 million for VDOT, $1 million for Polar,
and then maybe $1 million for GigaDot or some other ideas.
So in total we have five million
dollars. And then last part of the forum post is there is a need for more stablecoins. So I think
the treasury is running dry on stablecoins. So again launching new stablecoin acquisition
campaigns for USDC, USDT right now would also be a good idea. So maybe putting 2.5 million dot in each of those, and then we would be
totaling a 10 million dot.
It is a discussion starter why last year the treasury was already
venturing into different, like giving loans, providing liquidity, providing
incentives, and I think it would be really good if we have a holistic concept,
if we look at everything as a whole, and if we sort of can negotiate between those
factors so that we can see what our priorities are. So this is the opening of that.
All right, sounds very good. Thank you, Tommy. Now, hey, Lee, are you there?
Yeah.
Yeah, so you are also looking at the DCA portion of this for stablecoins.
This is already being looked at.
This doesn't all have to happen in one big ref, right Tommy?
This can happen.
Yeah, yeah.
Yeah, it's more like a framework.
Yeah, a framework.
Okay.
So, Lima, you're kind of already approaching this, are you?
Yes, I made a group with a bunch of people that are
interested in stable coin acquisition I think you are in there as well. The
hydration team are working on the proposal and the call. It's basically to basically converting, renewing the schedule presented in proposal 457,
which converts two and a half million dot into USDT and two and a half million
dot into USDC with some added bits, I think.
Yeah, great. We might go through the A dot or something like that, right?
Yeah, I'm guessing in the next day or two, it will be fleshed out and shared with more people.
But definitely, we need to initiate another DCA.
Cool. Sounds good. Okay, so that's on the way, Tommy. And you all and all these other ideas,
V dot, Holler is a big idea. That's a very interesting one. BTC already popular, we know from the wish for change.
So I don't know, I'm behind you here.
I think the interesting thing would also be to figure out if people,
it's more like pushing the idea to check for disagreements and say,
I don't know, maybe we missed something or someone wants to push themselves in the foreground. Right. So, and so I think creating a little bit of formal between
whoever wants to push out their idea right now is the best point in time to get out your idea
because it's also intended to sort of harden the existing ideas and see if there's any pushback
because if not, we can just move forward with them. Right. So you don't even need a wish for change.
I think it's more like having this debate and negotiation right now.
And if there is no pushback, then we can sort of assume that we can move
forward with the individual ideas.
Sounds very good.
All right.
Any other comments on this?
All good.
Cool.
Cool.
Alrighty. Hey, before we go to this week's House of Shame, which is going to be something you don't want to miss. It's hard to look at, but you can't look
away sort of situation. We want to talk about the Wish for Change that we were playing with on the Monday show. This is KSM RFP number one,
Shielded Kusama Hub transfers.
Kind of dragging us through this
because I think we should figure out this RFP,
kind of the rules of the game by playing the game.
And this, if you missed it,
is based on a discussion post
from folks who wanted to implement an EVM,
a ZK EVM based
shielded asset product.
They wanted to do this on Moonbeam originally, and they only had one
individual who also is very close to the team as the sort of, um,
Arbitrary of these funds.
Um, so those were two things that I thought, you know, weren't so
great for the Kusama DAO.
Um, maybe we could take this scope
and tweak it slightly as well as provide a little bit more oversight, which is what we
did here to create this RFP. So this RFP has a prize pool that's a little bit bigger than
the spend that they were suggesting, so $43,000. There's a $2,000 finders fee for anybody who
brings the answer to the RFP and supervisors, the people on
the multisig or people off the multisig who just have the expertise.
There's $5,000 set aside for that.
We had, as far as supervisors go, now this is a tricky one because some people may not
want to be on here, but we do have some bold people.
James Slusser has volunteered to be on it.
Berto was nominated, but he's declined.
Aaron, we still haven't heard from her but she's aware of this RFP and Flip Chan
was the one was the person who was suggested in the original discussion.
Now I think we're gonna put this on chain on on Monday. Hey Limo, you think we
that that sounds about right?
Potentially. Do you think we'll be able to one-shot a bounty here?
Do you think we have the call data to make this happen?
We now have the skills and abilities to use chopsticks properly, so I reckon we can give
it a good go.
We can give it a...
Okay, nice.
Yeah.
Hopefully my volume is better there.
Sorry, guys.
Bit of a new setup today.
Okay, sounds good. Let's check out the comments here, just updating it.
We're not going to spend too much time on this.
But we have Allison Bob, Blowin' Smoke, great initiative.
Thank you, Tommy, for your comment here. Appreciate this.
We have Luke is wondering, you know, what's going to go on with the legal bounty.
I don't think the legal bounty applies to Kusama, but thank you, Luke. And then here is here's Flipchand talking. So he seems to
be in support of this approach as well. Mr. Cole responding to Luke saying that it doesn't
really look in the scope of the legal bounty. Birdo turning down his nomination. And then
we have D-Wolf here saying he'd like to try his hand at the supervisor track. I think there's
a little bit of a misunderstanding here, but possibly we have another supervisor here.
Then he goes on in another comment, just talking general ideas. Sometimes people just throw
a lot of ideas at the wall and see what sticks. But anyway, D Wolf is in Kustow, so maybe
we can get some clarification on what he's saying here. But if anybody wants to be on this bounty
and distribute funds as the project gets built,
that would be great.
There's a little bit of a reward here for you
and shouldn't be too hard.
I think it'll work out.
Any comments on this, Lee?
Anybody?
Yeah.
So I posted something on Twitter
about like more privacy related stuff.
So like, yeah, it seems like account balance is transfers and voting.
Um, I was reminded, like we mentioned off the Monday show in cognitive does exist.
And I would hope that people watching try and using cognate.
I'm planning, I'm planning to like, give it a go tonight or tomorrow.
Yeah.
Um, seems to do this like shielded transactions thing. It doesn't. So I'm going to give it a go tonight or tomorrow. Yeah. It seems to do this like shielded transactions thing.
It does.
Yeah.
The only thing is Incognito uses TEs.
And on the whole spectrum of privacy, TEs are not quite as private as CK.
I think that's the main difference there.
But they basically have that built already, that's true.
Yeah, for me, the goal is on Kisama to have something like Monero or Zcash. So if I sent
you 1x Mata, you know that you've received 1x Mata from me, right? But you don't know
how much XMata I have. And nobody else can really understand that I've sent you 1x Mata,
right? So it's like that transaction is private you one XMR, right? It's like that
transaction is private between me and you. Now, there's a lot of difference on how like Monero
works compared to stuff. It's like ring signatures and all this kind of stuff. But there's people
like Amir Taki and all this kind of people that are building these kind of things on an EVM.
So to me, we should explore this direction. We have funds to do cool shit,
and this is some cool shit that I think we should do.
Maybe we could get a mirror on this bounty.
I believe he's friends with Dr. Woods, so there's a potential there.
Here's the thing about this RFP. So I put at the top the canary. This is true. This is just an experiment
RFPs are you know an idea right now
This may come down to a situation where the only supervisor that we get is flip-chan
And then it basically ends up being the the initial proposal anyway
I'm prepared for that to happen, but it's a good experience anyway to to try
It's like it's like trying RFPs on hard mode.
Let's start with something dodgy like privacy and see how we get. Privacy is not dodgy.
Privacy is not dodgy. It's essential. This is what all the Monero people tell you.
It's so that you don't get a $5 rent attacked when you buy something. It's not for money laundering.
Okay. It's for actual stuff. You can then potentially use it pop for skits though from what I saw
We shouldn't do that. I saw a tweet earlier this week and it
It said this is why crypto privacy has failed
Because there's no no crypto payments have failed because there's no privacy
It's like if I you know, there's a vision of like I go and I tap my my wallet and I get a coffee
Well now the barista in my neighborhood knows
how much I have.
Now they know my entire financial situation.
How can you have a payment?
It's so true.
How can you have payments without privacy?
Yeah, this is like in my tweet, I mentioned this live streamer that recently got held
at gunpoint because someone found out how much crypto they have.
I think I mentioned like the pizza delivery guy, uh thing but it's like
for example, let's say that um
You're in a country with this maybe uh got some crime problems. Um, and you want to buy something at the
the corner shop
And uh, you know you tap to pay whatever everyone is scanning QR codes and tokens. Well
They can then check your account and then next time you go in the grocery store
What if they like clock the doors and like, you know?
Anything can happen right? It's like if I buy something at
Walmart in in the US like the cashier doesn't know which money I have on my debit card, right?
But they know that I've like paid. Yeah, the don't need to know which money that I actually have right now
If I then wear like a really fancy watch
And then someone robs me that's my problem
but like paying for product or a service and then
Getting robbed because someone finds out how much money you have kind of kind of cringe, you know
Totally. Yeah. All right. So that's yeah, we actually we were talking about this last night
We had our third East Toronto meetup here and we had a big conversation about privacy
there.
A lot of smart people in here.
Here I am onboarding four people using Nova Wallet and Wood.
Got 4.2 million Wood and boy oh boy did we have a good time here.
That was a lot of fun.
People had good experience with Nova there, Limo, by the way.
Fairly painless.
Awesome.
I'm talking to a few people about ways to improve,
but mainly for this payments thing.
Yeah.
There's a lot of people, especially in Latam,
doing a lot of cool stuff.
Hopefully, there'll be some improvements on this paying part,
which would be really good if you then add the private transactions.
Really, really nice.
Absolutely. Now, something odd just happened. 1462. Did you say House of Pain we're doing on ref 1462?
I maybe no wrong 171 78.
Oh, 178. Okay, we got send the urgent tracker in the chat as well.
Did somebody want to talk about Pappy today?
Nikos, did you want to talk about Pappy?
No, I can if you want me to but no no no, I mean I don't want you to I just got a little confused in the
In the show here what we actually wanted to talk about for house of shame
Okay, everybody welcome to house of shame the part of the show where we look at our past failures and hope to make less of them in the future.
Today we're gonna talk about,
and we wanna be delicate about this
because this project was relaunched
and it's very successful.
However, this particular ref,
we should all hang our heads in shame.
This is ref 178.leap2.
Let's grow.
And this was for 30. Oh
I'm sorry
37,000 851 dot this went to dot leap editor who I believe was mr. Bruno Shkvork and
Why don't you walk us through here limo what happened
54.4 percent in favor of the past.
So it's not like we were totally walking into this like, you know, without any reservations,
but it did end up passing. And Lee, why don't you take it away here and let us know what
happened.
We cast our mind back to the world before the decentralized voices program, when a single
whale was in control of the treasury, didn't listen to anybody about social capital
or anything like that. And they would just ice stuff randomly.
You're talking about 16BG here.
Yeah, talking about 16BG.
That brings back memories, man.
Yes.
So yeah, this was, I mean, quite the expensive proposal for a newsletter. Now, newsletters, for example,
Tommy does like a quarterly report, these kind of things that are like
monthly, weekly, quarterly.
Some people really like them, right?
They don't have the time to be on crypto all day.
They want to get like the highlights of what's gone on.
So there is some benefit in a newsletter, especially when it's done well,
it's curated properly and it has relevant information
Now this referendum if you scroll down to fee and payment terms
it just seemed to be a lot of money for certain things like a
AI integration and stuff like this and ad spend now a lot of this newsletter previously
And stuff like this and ad spend now a lot of this newsletter
Previously was like copy pasting stuff off of Twitter copy pasting ref gone by it was a cold and then like
Yeah, yeah, so it felt like this was probably a bit too expensive for the scope of what this is
And I mean you can see chaos style did near this end and leave some some feedback
now this gets into another conversation
of social capital and reputation.
So Bruner obviously has been in the eco a while
or was in the eco a while.
I think he's now at base or something like that,
a polygon or something.
But then it's, OK, you've been in the eco a long time,
but then are you just constantly footing
and constantly aggressive and sort of weird. Okay, you've been in the eco a long time, but then are you just constantly footing
and constant aggressive and sort of weird.
And it just felt weird that somebody with that mindset
was making a newsletter that was supposed to be
kind of unbiased, you know?
Yeah.
So then if you go to the OG tracker
and then go to the progress tab,
you can see the website development is flagged because it didn't get done
The AI features integration got flagged because it didn't get done. And I mean, I think it did like six
Posts of the newsletter before just leaving it something really low. It was definitely not like a year's worth
It's kind it's kind of weird and
this guy as far as I know, has not stemmed the thought back.
And now works for, I think someone said Ethereum Foundation.
I mean, sorry, was it Polygon?
Polygon, yeah, something like that.
Yeah.
So this seems very weird.
Very strange.
We also, and I know he left the project some time ago, but also saw where Mark just went
under as well,
which earlier in the show, we were talking about that, that NFT, beautiful NFT time we had about
four years ago was so much fun. And that was all because of Remark, but wasn't able to turn it into
something sustainable. Newsletters could be good, right? There is genuine use cases for newsletters,
for example, Bill does his daily digest digest which gives you like you know a
few snippets of information like media the eyes
Yeah, exactly. They are good. It's just
Should we be spending?
38,000 dot almost a hundred you slay it's just a bit a bit ridiculous now
If the person has took it over comes with a smaller request and they can show that we've been doing and it's a lot better
Quality wise then you know, maybe we can give them some some funds
But I don't think it'd be anywhere close to 38 thousand thought it's ridiculous. Yeah. Yeah. Yeah. Hey Tommy. I
Think you guys have way too nice with Pune here
Okay, so Bruner was a respected builder and I would say respected guy in the ecosystem
that had a lot of great ideas and built a lot of great stuff.
And he has been running this newsletter for some time quite successfully.
Okay, he makes this proposal and then disappears, which can happen.
Sometimes you want to do a project and you cannot finish it. But this guy exists and he stalks and he has an identity. He's working as DevRel for pulling on right now.
You can reach him, you can ask him and I've been commenting, I've commented under his posts multiple times on Twitter and asked,
hey, what about the money? If you cannot finish the project, do you want to return it? He never commented on this and he saw the tweets because he made a statement recently that
The newsletter is now happening and he handed it to someone right?
So he obviously wants to keep the money and deliver on this project way too late, right?
But there is still nothing happened. So it's not a priority to fix it
It's not a priority for him to return the money
And I think we should make it very clear
that he does this intentionally. And he is very well aware of the situation.
But let me say real quick, because Mubar, I'm gonna throw it to you a sec, but you just pointed
out like Gabbache took over the newsletter. But when he took over the newsletter, he specifically
said he's going to be doing it for free to build the reputation of the newsletter back up and then
ask for funds later. So it doesn't sound like that those funds, at least at that time, there was any talk of transferring them over.
He just picked up the brand.
Gabbatchi, so he's probably picked up because the newsletter does have subscribers, right?
Right.
So it's like easier to take over like an existing thing with subscribers than start your own thing.
Yeah, he just took the brand. There you go. Yeah.
Now, if I was Gabbatchi, I try and make sure that you distance from Brina.
Personally, I don't really like Brina myself, but this kind of behavior seemingly is a bit sus, right?
Allegedly sus.
Moon bearer.
Moon Brina.
Oh, I just wanted to bring in the information and basically I just put it in the chat, sir.
Please continue.
Thank you very much.
Yeah, I know that's an important piece to add there because the newsletter is actually
pretty good again, but it's just because Gabbace took it up.
Anyway, LV in the chat is saying that we're wrong.
Bruno is actually just a misunderstood artist.
I think he's just an antagonist who couldn't take it all the way by himself. And so he hopped onto a nice salaried position in another ecosystem.
Yeah, LV's coming onto this chat. LV, what's up, dude?
Nice to see you too. All right, that's House of Shame everybody.
Ouch.
Oh boo.
Boo.
It is, you know, sorry, before we go, I just want to take a walk down memory.
The comments here just brings you way back.
These are people who we recognize a lot back then.
Obviously, Aleksandr Mitrovich is still around,
but there's Batman with a strong name,
Kryptos Chain, that's an I.
Kryptos Chain is an I there.
What's that?
Adam Steber.
Adam Steber's in the house here, sharing his perception.
Ivy, hi.leap editor, Ivy in the fray here as well.
Hey, I wonder if that's a house of shame we could talk about soon as the glove project.
Remember that.
Kust.delegate, early Kust.delegate abstained there.
Delegate, no delegate, abstained there.
And chaosdow, as he said, had a few words as well.
So that's house of shame, everybody.
Thank you for coming.
Thank you for being part of OpenGov. We're going to make mistakes because what we're doing here is so damn cool.
Sometimes you break a leg, sometimes you break a wrist, but we got to keep going.
We're going to look at just a few refs that we've spoken about recently. PokeAssembly
doing a lot better still. 80% in favor with about a week remaining. Or no, it looks like it's going
to pass in a week.
So that's very good.
It's going to enter confirmation in about three days.
So congratulations to them.
If all continues as is, and just retroactive compensation for the contributors to the Polkadot
ecosystem.
This is Raul and Otar.
Enjoying 90% support right now, looking to enter confirmation in three days.
Still, just Saxenburg on the nayside there sticking to their guns.
Don't like retroactive payments, but that's, you know, that's called consensus baby.
90% in favor despite that.
Looking at the confirming refs today.
Limo your beer money tip right there.
And we also have the party confirmed me, mate. Already grifted.
It's approved.
Zipped right through, buddy. Zipped right through. All right, drinks on you.
Sounds very nice.
And oh, this is where it came up earlier.
The Polkadot API 2025 Development Funding through Polkadot Community Foundation.
Through the Polkadot Community Foundation? What? Development funding through Polkadot Community Foundation. the the game and then this money is going to them and then they're giving it to papi. I don't know.
I have a feeling that isn't there like specific ways you have to title refs and stuff for
them to execute upon them.
Tommy Tommy doesn't even want to be part of this conversation.
He's just got like, like Tommy's wish for change that he did, right?
So say one, four, one, six.
Yeah.
It starts with polka dot community foundation,
colon, and then something.
I have a feeling in the bylaws,
maybe says you have to do that.
I'll double check.
I don't want to be chatting a load of nonsense.
I think it does give you
guidelines and Is it there is that this address should have all the centrifugal unit? So if we go to on
Subscan it should have like 1.5 billion it alright
Which it's Pokedal let me go to
Because if you remember that the PCF does still have that centrifuge money.
Yeah.
I don't think it has.
Some projects. Hmm. Yeah, I don't know. I wish that team the best of luck and getting a PCF to pay
for stuff. And I'm looking forward to the $20,000 referendum to pay for legal fees for
that as well.
That's interesting. I don't know why, why would we do this structure? Why don't we just
pay them? This is a team
of trusted people.
Yes. I don't want to talk about that team specifically, but in general, some teams are
in jurisdictions where the money needs to come from other legal entities.
Oh, okay.
It does say, once the referendum is approved, the PCF and pocket API team will
go through the following process. Contracts for agreements, KYCKYB invoice will pay the fee
and the, the allocated seven grand for legal and operational costs. Okay. So it sounds like maybe
they've already spoke to them actually. So no food. No food. I don't want no food. Yeah. the like decent people so there will be no you know oh the guys are going on here i agree yeah yeah
uh i will i will ask them ask them and we'll see it's more about it i'm worried more about them to
be honest you know the pcf isn't the most agile uh organization so far so that's why i want to
ask them yeah yeah like finding out what's going on but
like letting them know like are you sure? Yeah well we're confirming right now so
let me just let that one slip right through I didn't even realize.
Okay what else anything else we want to talk about before we wrap up the show?
Been a good one. This's been a good one.
This is kind of an interesting one.
Register Pogadot native assets on Ethereum.
Now Alistair put this one up,
but then I think he tried to cancel it, all this stuff like that.
The original list was a bit wacko.
We had like, what was it?
Equilibrium assets and stuff like this.
Now we have Clara from the Fellowship and also from the SnowBridge team, SnowFork, putting it up herself.
Lima, you got some context here for us?
Yes, from doing that thing I was speaking about earlier with USDC, USDT,
it seems bridged assets don't have metadata on either side.
Like on either side it's like really strange something like so like yeah, so like five bridge of a
It's really strange.
Something like that.
ERC 20 USDT to poke dot there's no metadata for it. So it's like kind of weird
So you have to set that which is one of the things I'm gonna try and do but then it seems that
Poke dot assets on the ERC on the VM side on on the furion also that have met it
So this is just like trying to one bang most
assets having metadata, right?
Yeah. I mean, it's still an interesting list. So we have, we do. I mean, we have the bangers,
right? Let's talk about the bangers here. We have, oh, I can't see anymore. What just
happened to my... Mamma Mia. Let's go back around here. So boom. Oh yeah, so we have dot, we have KSM, we have glimmer, BNC, V dot, HDX, tier, aune, polemic,
louse, kilt, a star, and then we have sub, and fala, and parallel, and crew, and manta,
and ACA, L dot, and then we have dead pink coal and wood
so i don't think this is where name the ref for but i think parallel is abandoning their chain
and is renamed to you and man and i think man is leaving too well man is close calamari
Well, Mantis closed Kalamari 400 hours ago, that's like 20 days ago.
Anyway, it's not worth naeing it over there.
No harm done, no harm done.
No, it's just an interesting list as well, but doesn't seem dangerous.
Anything else?
Oh yeah, we did talk about it.
Oh, we got Nikos on the call too, but PBA resubmitted.
Oh, actually, I thought it was resubmitted split, but it's resubmitted all USDT and tiered with a payout plan.
So we have one immediately, another in 12 months and a half, and the other in four and a half months.
Yeah, we're trying not to drive the treasury completely.
We thought it's a better way to go that way. No, you're welcome.
So we got advice, we talked with some people and we thought that's a better approach.
So far we have okay support. Hope everything will be fine and yeah.
Super stuff. How's prep going forward? Yeah go ahead.
Yeah sorry for interrupting. We're planning to come on the next AIG with Pauline to talk about
it a bit more. That's a promise. Proportation for Lucerne, we're getting ready like starting next
week so yeah.
I heard the KOOSE cameras are going to be there for some pretty epic live stream panels or something?
Absolutely. We love the KOOSE and we're preparing some nice panels and this time we're going to be streaming them for everyone. And interesting subjects, not just, you know, jump that's all over the place, but also governance, uh,
regulator things, nice things, lovely stuff.
Yeah. Well done. Okay. Great. Hey,
anything else we want to talk about? Lee, you got anything?
Michael, you're getting your talk about something.
Michael, you, you're trying to talk about something.
I like Tommy's idea.
Yeah, you're chucking some of those assets into the ring.
Is that what you're saying? The $10 million thing?
Yeah, I like Tommy's idea. Big fan.
It'd be good to start mixing it with Michael's idea. the Yeah, I'm a big fan of that idea. Love it. A lot of Bitcoin is that even though that perked up has the ability to have Bitcoin
drivers on it, by the way, like I think I mentioned this on the show last week, when
I was at the polka dot booth at eef Denver, the threshold network guys came up to me.
Yeah, like, hey, how can we get threshold TV TC on on polka dot and I'm like, sorry,
I'm polka dot mate.
And they're like, what?
So I showed them it on nervous.
I was like, yeah, the hydration balance like over a million dollars of TBTC and like
Gonna add it to a money market and stuff. And they're like, holy shit. I had no idea
so we need to maybe promote the fact that you can
you can
Swap
Cognizant around the polka account, you can swap into Bitcoin derivatives,
ETH, Solana, Sui, Sun, I think there's Lynx, Sky, LIDAR, governance token, all these things
you can do on Polkadot.
Yeah.
We need to get those communities aware of that because it's probably a lot cheaper than
trading on Ethereum.
Yeah, no doubt.
No doubt. And knocking down those barriers is going to be great. Yeah, Michael.
I've noticed we are not mentioning IBTC anymore. So we're pretty done here, are we?
The problem with IBTC is...
It's hard to use right now.
Yeah, you need to over-collateralize the vault vault So then the started adding stuff like VDOT and stuff so you didn't just have like idle dot
Nobody's spinning up new vaults because it seems to be not worth the risk or something or just the faffing about
So you can't bridge Bitcoin
To you perked up properly you can only go the other way, but the price of my IBTC is really high
Like the only pool so like I believe that's the whole point of swapping
Turcans for
TVTC and then hopefully we can like reset the vaults potentially because I think most of the IVTC is in or was in the
the you know, hydrations staking 400,000 dot to be used by call time. But I think at day staking rewards,
Omnipool is uh, yeah
we could buy all of the calls. So it's got a lot of a lot of dot transferable right now
that is owned by the protocol. Yeah, yeah. Let's fucking go. Oh, hey, I did a decent size swap on hydration last week.
And then that split trade button.
So split the trades, I don't know what it was, eight different trades or something like
that saved me almost $90.
It was crazy.
Oh, one thing we could talk about potentially is what Gavin was talking about on the on
the Dev show about the
Cause right now there's not like elastic demand for them and like a lot of a lot of teams like like hydration
For example purchased a parachute and lease lot right at the end
Realizing that they were going to be deprecated
So you might as well get the two- lease and then bother with cars in two years time
when everybody else has sorted it out and it all works and stuff. Right.
And it was well, hopefully at some point soon,
you know, these parachains or whatever you want to roll up,
whatever you want to call them,
are going to be able to purchase more than one car.
So it becomes like like it last the size demand.
So then that hopefully
Increases the car time sales which will increase the price right right now
Not many people buying cars apart from people spying them for the sake of them, especially on Kusama
And it's like well, even if hydration was buying a car they could only buy one
So it's not really doing much whereas if they could buy three five
It's not really doing much. Whereas if they could buy three five a hundred whatever it is
You know then they would buy more of them and then the price would go up right and then it becomes like a competitive market
Right now the markets just not there
but it doesn't mean when elastic scalings live and all this stuff slide and the ability for people to buy up for people but
paratrain is to be able to like
Instantaneously scale up and use a new car and buy like instantaneous call time for like a few blocks
Like that will increase that will create the market once that's live. So people complain about car time price like
The main stuff isn't even like live yet. It's like the main users aren't even purchasing yet
The main customers haven't even shown up yet
Yeah, you think hydration is not gonna buy free cars immediately, like have two second block times.
Yeah, right. Yeah, totally. And I think the word, the phrase he kept using is,
in order to improve, make the market better, we have to make core time more useful.
It's just like kind of not very useful right now. There's like two different use cases,
two different scenarios, and they're very like, not very flexible. But I'm going to cut that up and
release it as its own clip because I need to I need to study it more myself and try
to understand. But yeah.
Be bullish when when I lasted scaling slides.
Yeah, which is they also talked about it on the call. I think they're going to... what
was the timeline they gave there? It's not already on Kusama, right? It's not on Kusama.
Elastic scaling is... it's just, there's not that many users utilizing Kisama parachains for the purchase of a
Possible car right? Yeah, like part of the Kisama are buying cars, right? It's just like
There's no point in having free, you know at this point
Yeah, so it's like the spamming in there was if you remember the dashboard
There was some chains that were like six seconds and then there was some that were fall with a and then there was some that were four with a lightning bolt, and then some that were two
with a lightning bolt. Right, right. Three with a lightning bolt. Yes, right. Yeah, yeah. Cool.
That was a really good open Dev call earlier this week. That was one of my favorites. Yeah,
that was cool. All right, guys, well, why don't we wrap it there? Good show. Good show. We'll
see you again on Monday
where we're gonna bang out that RFP on chain
and see what we get.
This Sunday, Space Monkeys with the guys from SQD,
formerly SubSquid, it's just a quick episode,
but a deep dive into core infrastructure concept of Web3
and what they're doing with it is very, very cool.
Less trust, more truth, even on the indexing it is very very cool. Less trust more truth even on the
indexing layer is very neat to see. So check that out you'll definitely learn something and
the guys are great. Well besides that you just have a great weekend and we'll see you all very soon. The 2.5 cm x 2 cm 3.5 cm x 2 cm 4.5 cm x 2 cm
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15 cm x 2 cm 16 cm x 2 cm I'm out. Music I'm out. අපි කිරීම් කිරීම් කිරීම් කිරීම් කිරීම් කිරීම් කිරීම් කිරීම් කිරීම් කිරීම් කිරීම් කිරීම් කිරීම් කිරීම් කිරීම් කිරීම් කිරීම් කිරීම් කිරීම් කිරීම් කිරීම් කිරීම් කිරීම් කිරීම් කිරීම් කිරීම් කිරීම් කිරීම් කිරීම් කිරීම් කිරීම් කිරීම් කිරීම් කිරීම් කිරීම් කිරීම් කිර Thanks for watching!
