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Bull run, Blackrock ETFs, layer2s - Dogechain Roundtable #61
Recorded: Nov. 10, 2023 Duration: 1:40:22Space Recording
Full Transcription
Yeah, man.
That could work.
Especially,
It's like, you know, it goes back and forth with the devs and that like marketing and BD
sides and all that was like second that they've been really stressed out because they
haven't been sleeping.
They've been like getting very little sleep for the last month.
And so I just want to say thank you to them.
We don't give them enough shout outs live to the public.
So yeah, thank you to the to all the developers working on this and I think it's like 12 developers
that we're working on this.
So thank you guys.
Kudos to you guys.
guys um but yeah the reason i say it's like doge chain kind of 1.5 is because this was like uh an
upgrade that makes the chain much more usable and scalable now because we're like what it has to be
ready for you know this bull run feels like it's kicking off already we're already seeing like a
lot of engagement a lot more users a lot more listeners on the spaces a lot more um people
like asking about crypto you know my friends are i'm getting the dms uh one of my friends that works
at a one of the big four accounting uh big four accounting firms uh ernst and young uh he dm'd me
hey is it is bull season back like it's my first time he's asked me about crypto in like years
usually it's me trying to bug him like hey are you buying more you know crypto are you stacking
and he's uh he's like ah whatever man whatever uh but now he's dming me so we're we're starting to
see the the signs that the bull runs coming back and so we we had to be fully ready for this so now
this kind of 1.5 holds us into and makes the chain incredibly powerful like more functional and
powerful than 99 of chains out there i would argue actually uh like it's one of the lowest gas fees of
like i think we're going to put out a graphic if we haven't already on how cheap the transactions are
compared to all the other chains you know about uh and it's like it's really remarkable what they were
able to do uh with this new kind of engine i guess but this is 1.5 because zkvm hopefully if
everyone votes if uh will be kind of doge chain 2.0 this will be a new most likely unless we could
find a way to migrate all the contracts over without incurring a huge technical debt because
you have to realize the current chain has like a history of 100 million plus transactions i think and
like millions of wallets and like you know uh just a lot of technical debt that when you migrate to
this new chain the problem is um because this upgrade not right now was basically a fork but that
was easier because it's it's just evm still the problem with zkvm is it's not actually evm it's
it's zero it's zk it's zero knowledge roll-ups with the evm like i don't know if it's like a compiler or
face mask wasm i don't know that i'm not a dev you know but it's basically it's got an evm face
mask and that actually has technical uh computational power that's a kind of a uh it holds it back a
little bit but that's what everyone has to do because evm is what everyone's used to right so
sometimes you have to do things like that but the problem is if we migrate those chains entire
state over to this new zero knowledge you know uh setup it's it it can incur some major technical
debts that will make it not as performant and be very hard to do and and just overall from all the
consulting we're doing and all the technical minds you know like uh you know we have sam the
founder of frax who's one of the most brilliant devs you know are not devs but technical people in
the world that i know we have you know the anchor uh the anchor ceo and cto who have built all kinds
of infrastructure in the industry and have put together our dev team you know from talking to
everyone including polygon team it the most the thing that probably makes the most sense is restarting
a new fresh chain that will be highly performant and also scalable also fully layered to uh to ethereum
will have trustless bridges between ethereum and all other l2s like polygon zkvm polygon pos which
will become validiums uh immutable kanto astar manta uh what else uh okx chain is going live as a
polygon chain so all these different chains will have trustless bridges and this is like incredibly
important because we saw you know luckily we didn't have too much liquidity on multi-chain um like
our users didn't have it wasn't too bad but it did definitely hurt the chain right um but you have
like chains like phantom that were completely annihilated by that multi-chain um by that multi-chain
uh you know whether it was exploit or the government or whatever it was like some chains completely died
because of that luckily we didn't rely on that as much most of our liquidity on our chain came from
our from natively from doge proof of work doge so that was really good but um yeah some chains were
really annihilated by that and we can't risk that you know again that that's and look i mean look that
wasn't necessarily us that was like just like we always said from the beginning bridges are a risk
use it your own risk there's no official you know bridge multi-chain was one of the providers you could
you could use but look what happened it was it was a risk and we we always said and knew it was a risk
so we have to as an industry move away from that model of trusted bridges and that's why moving to be a
layer two is one of the reasons it's super important because now we there will be no trust
you can go freely to ethereum and back with no third party in the middle that's amazing you could
go freely to immutable or to okx chain or to any other polygon chains that'll launch in the next years
uh very freely like polygon proof of stake which will become volidiums and all that
so um really really important stuff uh and when we do do this launch i think it could be a huge hype
marketing event for the whole chain because it'll be it's kind of like a doze chain 2.0 is is is how
i think a lot of people will look at it i think it's very likely we'll see the same crazy influx we
had the first time uh i think we'll see massive influx again of tons of projects and we're already
starting to talk to projects about like hey when we do if if and when we do this launch um you know
who wants to to come and be launching on day one so we're we're going to be starting those
conversations with all of our builders uh and with like we're still figuring it all out so you know
we got to take it slow but i want people to start thinking about that when when and if if this is the
way we go which it seems like it's probably the way we have to go starting a new chain what will the
roadmap be who will be coming day one will be highly encouraging nfts and meme coins and everyone
to bring all their projects from the current dose chain over but we'll also be encouraging newcomers
to come that a lot of people that we've been talking to about launching now some of the really big
ones were like well maybe we should like tell them to wait and not launch on current dose chain
maybe maybe launch on this next chain i don't know it's that's up to people in the community but
uh that's something to for us all to start thinking about if we're going to launch this new chain
do we do we tell everyone hey come on day one and let's have this massive hype cycle like the first
time because the first time was insane right 600 projects in five days more daily transactions than
all of ethereum after like a month to a month and a half or something more more um transactions per day
than polygons base chain you know legacy chain we had that after like two months or so or two and a
half or something uh we had more transactions than them which was like four million transactions a day
so i imagine when this new chain starts you're going to get a lot of crazy people coming over
a lot of hype you're going to see also you'll have to be vigilant and careful because you'll have
ruggers and scammers coming and trying to launch on the new chain as well so um this is just our
thinking obviously community we want you guys to talk about this stuff and tell us what you think if you
think this is you know a good idea i mean there are drawbacks to launching a new chain it's going
to be hard right it's going to be a whole new process we'll lose the the previous state of the
last chain which kind of matters kind of doesn't i mean it depends on how you look at it but um i i see
it as a massive massive massive opportunity for us to go you know super viral again like we did
previously and but like if and the timing might be perfect because it seems like we're going into a
bull run so if we launch this in the next say couple or few months uh and you know we're and
we're back in a bull run and the timing is right i mean who knows what this could result in it's
something that i'm i'm pretty hyped on i'll shut up i've been talking for a while if anyone has
questions say them in the comments or if any of the other speakers here uh have anything to say um yeah
sorry about that my mic was a bit messed up then i think overall that was a really good summary
um it's clear that you're like super passionate about a rock and the other reason i jumped in
before is just to kind of add a bit of context for people um but yeah i mean like it's it's a pretty
amazing innovation and it's something that we think we can pull off pretty effectively so
pretty cool to be a part of that um and i think you know like one thing that's really cool is
once again like our closeness to the polygon team and community is really useful here for doge because
you know that that like connection and know-how and experience that comes from the polygon team
um is able to be translated onto you know the doge community in a way that maybe wouldn't have
been possible before doge chain so it's pretty cool it means that something that's pretty old
school which is plw doge gets to move with the times in a way that it probably wouldn't have been
able to do before right so it's like we get you know the latest tech for one of the oldest coins
which is really interesting one of the the biggest one of the topics by the way that we we actually
didn't get to uh to talk about was uh what about uh you on uh introducing doge for example into x
as a payment system maybe not the only one but as a portion of it so uh that would be uh resulting
huge adoption of of the of the coin itself but uh that would also it it doesn't change that dogecoin
has limited usability as as it stands without dogechain dogechain allows you to uh plug it into uh
digital into the digital world into web3 defy uh by nfts by by these assets uh that that that are
uh otherwise uh not accessible to uh to uh to users without uh without an evm chain uh but
specifically if uh this evm rolls up onto ethereum uh at the same time it becomes a much more appealing
way to uh to have your your transactions with doge on an evm because uh it's more secure uh it it rolls
up onto the the number one smart contract platform which is which will be eventually become the uh
the uh oh my god i it the the word is slipping uh what type of chain it is where where everything
goes written on it and it just serves as as proof god damn it what's it called rock come on
uh i'm sorry i was typing a settlement layer a settlement layer i think it it it came back to
me sorry about that the settlement layer if ethereum becomes a settlement layer for dogecoin
through dogechain it it's a huge deal i think that uh not only will people use doge uh as uh as a
payment method on on x but uh once they do they will be able to to plug it into web3 through dogechain
and uh and roll up their their transactions onto ethereum which will be uh even even uh bigger
uh by the way in uh in the in this regard and dogechain in particular we have princess and b who
who have been on the speakers here that have a few announcements to make by the way you
feel free to to interject and uh participate in the discourse and uh you don't have to uh
it's a round table so we we we everybody has uh has the right to uh to to express their opinion
that's why you're you're up as a speaker so uh feel free you guys to to speak whenever you want to
and interject in the in the discourse um i this is molly i do have a question about the new chain
that rock was just talking about um okay could you talk a little bit about how it would affect
like existing projects would we need to migrate um like trying to think about all of us who've locked
for a while and just before he does this this is a little ways off so it's not something we need to
worry about right now we're still in the discussion stage um and then we'll produce like full guidance
for technical implementation obviously like way ahead of time subject to community vote obviously
um but yeah sorry go ahead yeah so there there there's going to be like complications and things
we have to solve so for example people who have locked or stake tokens will have to find a way to
do something with that now i i don't think it'll be that hard really we'll we'll help you guys and
we're gonna help create tooling around this so that you can if you have a contract you can migrate the
state of the contract that people can with their same address have the same thing happen on the the
other chain um i'm not a dev so i don't know exactly how this is going to work but all the devs
we're talking to assure us that it's definitely possible to do it'll take some work on on our end to
build tooling for you guys but um we'll make sure we solve all of these issues somehow or another
and it may be complicated but somehow or another you know if we go this route we'll have to solve
issues and you know i always say in in kind of computer science and and tech and and blockchain
if there's a will there's always a way awesome thank you so so don't stress is what i'm getting
yeah don't i wouldn't i wouldn't stress i i would i would actually look at this as a huge positive event
because it'll make all of the contracts better stronger more secure secured completely 100 by
ethereum um this uh this is uh yeah it's definitely a huge upgrade and a big benefit um will there be
some some pain figuring out and trying to solve these kind of computer science problems along the
way sure there there may be some pain but in the end it'll be better for everyone i'm i'm i'm sure of it
and look if if the community feels differently when we do the votes and stuff then we can go back and
and figure out a different way i guess this this is not setting stone this is just the best idea we
think uh that there is right now yeah exactly because there's like there's like all these different
routes to scaling right and uh so making sure we're future proof and you know the basically the best the
best way that we can think of that's going to secure this long term is if we just hitch ourselves to
you know make sure that our transactions are written onto you know the goal the global standard in
security and decentralization which is ethereum that that's like the best way right because you can't
get more secure or more decentralized than the market leader so you know doing that and becoming
an l2 of ethereum just seems like the best the most logical the smart contract leader right um yeah
yeah i'm just being caveat i'm just no no you're right it's good it's good to be like precise
with these things um but yeah i mean like that that's the the best solution i can see anyway
the main thing is so long as we put all this to community vote like everybody who
like b uh or molly you know you guys obviously have a voice and so does everybody else and there'll
be like a bunch of reddit discussions there'll be the actual vote as well um to discuss all this on
before anything happens and still we're up we're like at the research phase right now
um so before we even put this to a vote we're like way way out in the future as we learn more
about what the implementations the different types of implementations could look like we'll be
releasing more information to the community like we are now i mean that's that's what the point of
today is is to talk about you know what we've found so far where we are in the discussions and
what the different implementations could look like and then let the community discuss it as we figure
it out too you know we don't want to just like do it all and then bring it to you guys we want to
discuss this as the ball is rolling and so when we figure out like okay here's what it'll look
like for developers we could we could post like uh you know some kind of um uh i don't know
white paper or something like you know some documentation showing okay this is if we go this
route it'll look like this if we go this other route it'll look like this and then let the
developers and the builders look at it and say okay this makes sense to us or this doesn't make
sense that's gonna this is gonna present a problem because there's a ton of stuff
like we're gonna figure out along the way that we just don't foresee yet right there's gonna be
there's gonna be things that'll work better than we're expecting and there's gonna be things that'll
work worse than we're expecting we'll just have to solve the problems as we go but this is part of
being in an industry that is ever changing and evolving is like we have to keep up and we don't
want to just follow we want to be on the cutting edge so there you know when you're on the cutting
edge it's there's some there is some pain that comes with that because we've got to figure out
you know things as we go but that's how you that's how you win is by being on the cutting edge in my
opinion thanks for having us on it i i would just like to say it's kind of like building a plane while
flying it right you want to be on the cutting edge you're gonna have to be there um but yeah i i'm a
princess from doge tools molly is up here with me i i'm excited you know from a technical standpoint i am
not an expert i'm more of a community girl um i actually was not originally part of the doge tool
team i was brought up as a community member later on but i'm excited i mean everything that i've seen
so far all the research i've done personally i think this is a huge stepping stone for doge chain
as an entire chain it's gonna just open up a world of possibilities for us and you know instead
of having to go cross-chain with our with our projects now we're gonna have access to all these
other um you know platforms like polygon without having to go cross-chain so i'm excited and honestly
doge tools is not you know we're not foreign to growing pains and having to go through trials so i'm
ready and i i think molly probably will agree with me that um we are we're game for any big innovative
steps that doge chain wants to take so glad to be here i'm with you peach
appreciate the sentiment and yeah please if you guys have thoughts about this add it to the reddit
discussion um this is you know i've given a lot we've given a lot of new information about this
today so please we want to hear from the community what you guys think about this um and also we'll be
looking to the community to to help basically like do decentralized bd on when if and when it's which
it sounds like i if i had to guess i would say um 80 that the way the best way forward is to launch
fresh a fresh chain so like i can't say for sure or not and we're still figuring it out and we need
to hear from the community but in my personal opinion i think 80 we will need to launch a new chain
and uh so we're going to want everybody to be like reaching out to as many projects as possible
to get like we want to recreate that lightning in a bottle moment we had when the chain first launched
of having hundreds of projects come on day one or week one or whatever you know uh so that's that's
our goal so we'll be doing a ton of outreach we'll be talking to a ton of projects um there is another
big piece to this but i'll wait i'll wait we'll wait until maybe next week or i don't want to give
away the crazy like hype stuff early because uh this is a process but uh we'll talk next time
about this but there's there could be some very interesting ways and reasons and things that
could make new projects uh get really excited about why they they all should come launch as soon as
possible when this launches i i'm pretty confident that this will be like um if it all goes through
will be a massive new launch that'll create a whole new massive hype wave for the chain i mean i look
i i own a marketing company right so um i'm ceo of lunar digital assets which you know incubated uh
quick swap and polygon and uh dose chain and a bunch of others um you know we do the marketing for uh
these projects and like so from my perspective i'm looking at this with my marketing hat on
as like okay this is an opportunity for us to create a massive viral you know push and campaign
around this i mean the first when we first launched if you guys remember we were trending on
um twitter in like business and finance in the uk and the us and a bunch of places um and this was
completely you know organic we were trending with 70 000 tweets uh a day on on average i think for like
weeks so i mean the first launch of this was a massive massive wave of hype um you know enough so
that it was so large it was so large and the fdv and stuff was so large that we burnt you know 80
percent of the entire supply we burnt 2.2 billion dollars of tokens because we thought that you know
the whole community was like oh man this fdv is kind of crazy and there was a lot of tokens unreleased
and stuff so the community voted to burn those i mean it was a crazy it was a crazy ride and i think
now leading into the next bull run if we could recreate that hype again of you know tons of builders coming
and launching on day one tons of new nfts and memes and you know uh and all the stuff that's
already on those chain bringing all that over and and uh and i'm sure they'll want to do their own
fun campaigns around the new launch you know um airdrops or grant you know whatever things that
the projects want to do to to create you know this hype with the whole chain uh i i could just imagine
a lot of ways that this could be really really really exciting for everyone and and a whole new kind
of fresh start and and at like literally the perfect time leading into a bull run so um i'm
pretty pumped for it but that's me with my marketing hat on it'll be it's going to be harder for the
developers but from a marketing side i think this is going to be kind of golden
just uh yesterday uh ethereum fees jumped up to 100 for swaps on uniswap
i think that people forgot i think people forget how uh what happens in this space
once people a 300 swap last time last time things really kicked off and i was so disappointed you
know you you're saying you did that or you saw that no i saw a 300 swap somebody oh i i definitely did
several multi-hundred dollar transactions on ethereum during the last one i there were some
way higher i mean there were some transactions people they were like ten thousand dollars during
like nft launches i mean when um when board apes um no not apes wait you got labs uh when they
created their but this was in the bear market uh that was just clogging the the the the network with
with smart contract interactions for nfts i think they paid something like 15 million dollars in
fees the people i thought i remembered 57 million but i could be totally off yeah i i i don't remember
exactly seven million in gas fees in one day to the ethereum uh the validators which is wild i mean
so like this goes that that's such a good point man when when the last okay so when we were first
doing all this stuff with polygon uh and people were like you know this was in the last bear market
and so the token dropped from it was like from i think it was like three or four cents down to
uh 0.8 cents so less than one penny a matic dropped uh and we're not allowed to talk about price on the
polygon on the polygon show the all roads of the polygon show for legal reasons but i think we could talk
about it here uh i'm not paid to do this so i i think i'm allowed to talk about polygon but um yeah
so matic token dropped under a penny and everybody was like super sad and and was like you know pissed
off and this was after the you know we did the the the there was the uh binance uh ieo or yeah ieo uh
that that matic did it was like the biggest ieo on um on binance uh like ever i think um
um so okay so there was this big launch things went well but then the token was dropping a lot
of people were blaming the team saying the team sold the team's dumping the team's dumping and then
um because there was one night where uh or actually it was like daytime for us but it was nighttime in
india and the the price was dropping and everybody was blaming the team but it was it was night it was
like three in the morning in india three or four in the morning and so i called sandeep woke him up and
was like hey man what's going on the price is dropping everyone's like panicking um and so we start
trying to figure it out and luckily cz from binance like the cz himself tweeted hey i looked into the
logs the team has not sold anything um it's just some whales some coordinated whale dump so uh the price
dropped it was like below a penny and uh you know people were all pissed off uh they were calling it
a scam coin i mean people were saying racist stuff like indian scam coin they were calling sandeep
scam deep and all this crazy stuff um but it clearly like cz looked at the logs and it was not the team
selling um but you know how people are when stuff drops they always play in the team whatever um but
so through that bear market now the point of this is that in that bear market this leads back to what
ivan was talking about so in that bear market like my thing to the community me and aztec who's you
know my co-host of the all road seeded polygon show and like uh shane a member at ld we were like the
most uh active matic community members us three were like the most active um and we actually built
the ambassador program for for polygon um ourselves so we were very active and like when all these people
were sad and saying that like it was a scam and that it was gonna die i just kept reminding people
guys when gas fees go up on ethereum and they will and they did when gas fees go up on ethereum
that's when polygon matic will shine and this was before quick swap was even around before we built
quick swap which was like three years ago so this was like maybe four years ago and so we i i just
kept echoing that i just kept like like a broken record telling them guys like i really believe that
when ethereum gas fees go up matic will be the release valve because there were no other uh layer
twos at the time uh matic was the only one there was like loop ring but they were like app specific
thing they actually got mentioned on the spaces uh the other spaces today but um there was like
loop ring and we were battling with them i think they had honey swap uh which was like a competitor
to quick swap but um anyways i just kept telling people look when the gas fees go up this is when
matic is going to shine you know for polygon formerly known as matic i i just kept telling people
that and then when the gas fees went up on ethereum in the next full run in 2020 2021 that's exactly
what happened that's when quick swap was born in 2020 and then and then when the gas fees started
going up and quick swap started taking off that's when matic started taking off and so quick swap got
was the first app to a million in tbl then it was the second app to a billion in tbl ave beat us to
that but um but yeah that's that's what we kept telling people and now that leads to what we're
saying here is eth gas fees starting to look high again bitcoin gas fees also going up by the way
uh i saw some some data on that so that shows the market is heating up yeah that's because of the
ordinals man ordinals are are uh getting some tractions again traction again yeah so uh they were nfts and uh
and token tokens or you know tokens and ordinal nfts getting traction and both of these like require a lot
of block space on on bitcoin network so uh hence you know the the fees on on bitcoin are increasing
so when you're sending on bitcoin be careful if you you're you're using a wallet that just sends with
default uh fee uh that can can cause you some problems and get your transaction stuck for for a while
so make sure that you have like a more advanced wallet that where you can uh increase your fee
uh yeah that sucks if you if you can't adjust the gas fee and you just get stuck there's people that
got stuck for months in the last cycle their transactions make sure that you have like a more
advanced wallet when sending smaller uh transactions in bitcoin so that it actually goes through especially
in in bull markets when uh there's a lot of block space demand so your wallet might estimate the gas
at current rate right but if there's a big spike or if it's climbing as you're sending it then you get
left behind you get put in the mempool let's say you bid you know 100 sats right which a sat is 100
millionth of a bitcoin let's say you bid 100 sats for your transaction but the trend but now there's a
bunch of transactions going through because of ordinals or because of just bull market whatever
speculation well now you're you're 100 sats it might have been enough to get into the block because
each block only has like 3 000 transactions i think i think that's the number so if you're one
if you're high enough to be bid into that 3 000 transaction block cool but if the price is going
up as you put the transaction in or if your wallet didn't estimate it properly or adjust fast enough
now you're 100 sats let's say that now the current lowest bid is 150 sats well then it goes up to 200
now you'll just forever be stuck in the mempool your transaction's not moving it's not getting
put into a block and if your wallet won't let you anyways we're talking about this isn't a bitcoin
show the same thing happens on doge by the way the exact same thing happens on doge so you got to
think about that with doge too because they're they're almost not identical but very similar you
know since it's a fork or a fork of something that was forked from something that was forked from
bitcoin i think lucky coin and whatever but anyways um litecoin and then lucky coin before that
whatever uh okay so anyways the point is when gas fees go up right now a lot of people are using
ethereum for the during the bear market a lot people a lot of people move their transactions
back to ethereum because it becomes cheap again it's bearable but then when the bull market comes
all the people that were using ethereum start they start bridging out to other chains they start
bridging out like in the last run it was polygon that was the main one right now there's lots of
chains they can bridge out to including doge chain right we have some of the lowest fees in the
industry so you're going to see when in the bull market layer twos are going to skyrocket a lot of
layer twos are going to skyrocket because people are going to want to move their transactions to
cheaper layers because ethereum will get too expensive that's skyrocket in usage not skyrocket
in price just look like yeah yeah yeah yeah yeah yeah all i mean there yeah i guess but yeah that's
that's that's what i'm talking about um you can do your own like thoughts on whether there's
correlation or whatever but i mean just generally you're going to see you should skyrocket yeah on
all layer twos um that includes polygon zkvm if doge chain becomes a layer two you know a lot of
transactions will move there because why would you want to do a transaction on ethereum for a hundred
dollars if you could do it on polygon zkvm or doge chain like zkvm or you know validiums or whatever
right yeah exactly man sure that um so while we were talking about the bull run earlier we need we
didn't uh ask the main question people have been asking uh and there there have been some uh some
discussions from uh you know the like the bitcoin naysayers that this is just uh a new foria
pre-etf and then it will just drop uh right after it even if they get approved they will the
the market will correct itself we will be back into uh into like crab walking uh into the 30ks or
something like that but i don't think that people are actually considering what these etfs mean for
the market in general uh not just a marketing event no yeah just for uh for for the industry
in in in general just bitcoin is the leader okay but even though it's it has this mass adoption from
even from mainstream people this is not uh what what is considered a mainstream asset yet we're still
early people still a lot of people when you ask them in the street uh you you tell them you want
one hundred dollars or bitcoin a lot of people will tell you that they want the hundred dollars
uh so uh it's still not it's still not mainstream you know but uh etfs allow like institutions to invest
into bitcoin and these institutions they have they hold uh important uh financial instruments like
pensions like 401ks like stuff that everybody uses uh but now once etfs are approved and held by
blackrock uh these uh etfs will hold bitcoin in in in addition to like bonds uh us dollars stock etc
uh the thing is that there's so much money that will be injected into the market that it we we cannot
really uh even anticipate how much uh how much it will grow uh whether whether it will be exponentially or
just it will shoot up one at one point uh because these uh funds they need to buy the bitcoin to uh
to to be able to offer it to these institutions you know there's something i've been thinking about
is like okay i want to hear from you guys if if i'm crazy here but if you could think of what the top
project like top tokens to become an etf bitcoin's obviously number one i think it's pretty clear
eth is number two what would be number three i would argue well i'll hear what you guys have to say first
and then i'll say what i think i would argue doge to be honest uh thank you that's what i was thinking
too because it's like the most retail centric it's one of the most known it's proof of work
which many would argue is a better security model i'm not saying it is but many would argue that and
there are good arguments for that uh it's very decentralized doge is one of the most decentralized
coins projects in the world by far right because of the way it was launched there was no there was
no um tokens to the team there was no there was no investment round or anything like that it was
the way it was launched was just like bitcoin just like litecoin these like you know a bunch of people
minded and that that was that so i would argue yeah i mean to me it it is definitely on the top of
the list for something that could get an etf what else i mean really i i mean you could argue litecoin
but i don't know litecoin's lost a lot of its excitement and hype over the years for me it used
to be one of my top three actually it used to be for me it was bitcoin ethan litecoin uh were my top
three doge somewhere after that is like doge i don't know i to be honest i i used to just look at
doge as like a fun thing it wasn't like a real like financial like investment or you know it was
more like a uh to be honest it was more like a gamble to me but now it's that's changed a lot
i mean my opinion on doge has changed a lot over the last years a lot of a lot of it because of i mean
it survived every market no matter what happens it survives and the community is stay strong because
elon got involved and because now it's actually being what's that thing uh ivan you always say is
the lindy effect lindy lindy effect yeah the longer the longer something uh it stays the longer it has
the chance to uh to survive so uh it's one of the only if you look back you could go it's cool actually i
i don't know where it is because coin market cap keeps changing their layout but they have a thing
it's like um i forget what it's called like history or like uh you could look you could go
on coin market cap and look at any month for the last like 15 years or 10 years or something and go
look at what coins were in the top 10 look every year for the for the last 10 years and doge is one
of the only ones that's been around for all of this time and and consistently is in the top 10
i mean i think it maybe it's at some points it fell out of top 10 but i mean it's there now
so i mean it's one of the lindy effect coins that survived everything
and people if blackrock's gonna make an etf that's what they want they want something they
know is gonna survive
so guys by the way we're gonna wrap up in seven minutes here we're gonna cut it off uh but
yeah so is there any other topics we need yeah i wanted to see uh princess and b wanted to announce
something regarding doge tools so uh let's uh let's take this opportunity to listen to them to what
they have to uh to say before we wrap up so we don't leave them uh hanging
um thank you so much ivan um yeah we have some really great updates and a really really big
announcement so um i'm molly from doge tools i go under b on here i don't know why it's just been
that way forever um and princess is here too um so i'll just go ahead and start princess you jump in
whenever you want so um for quick quick updates we hit 11 000 tipbot users this last week so we're
really excited about the growth and it's becoming faster so that's really great thank you
yeah
we um you know recently added shibarium and that brought a lot of people over and we've noticed
a lot more people in our own telegram and we're constantly telling people what doge chain is and how
to get on it so that's really great um today we did a reward for our nft stakers so anyone who had
10 or more nfts staked we we bought a bunch of monos nfts we minted a bunch and we handed um everyone
who had 10 or more got one monos and then the top three stakers received bonus so i think number one got
four or five or something and then down so um thank you to everyone who's staking your nfts
and um you earned those tools by by staking but we also do occasional rewards like giving out um
nfts we gave out chewy token last month so we hope to continue this and also use it to support
communities and projects on doge chain and possibly shibarium um and we want to thank
um the dc community for voting for us and that dow vote they wrapped up the um investment today so that
was pretty exciting to see it on our chart um and we want to thank all our community for being
amazing holders and believing in us and now i'm going to announce what our new um utility is
peach did you want to speak i'm gonna go ahead molly okay i am so excited about this utility it's
something i've been dreaming and hoping for um and a huge thanks to nick our our lead in technology
on doge tools for making this happen we have developed a nft tip bot so you can now tip nfts
i'm using your tip on account um and in addition to tipping nfts you can also mint nfts through telegram
so right now we have that working for um doge tools and monos we're using our nft tip bot and your
doge tools wallet you can easily mint and tip nfts and telegram so for tipping wow this is so good
wow seriously this is this is great yeah we've had our tester community like we've been testing it
internally for a month or two um and then we had our tester group at it for a couple weeks so um
you know we're going to constantly upgrade and improve it um but we're really excited we're going
to launch it today um so it'll be in our our telegram so you can get in there and start tipping
but um some commands we have added like uh nft balance will show you all the nfts you have in your
tip bot um you can tip with it you can withdraw so you can withdraw from your tip bot wallet with the
withdraw command and send it to another wallet through telegram you can mint nfts and then we've
also nick is awesome he added data so you can do you know slash data monos and i'll pull up like
all the information about monos like how many how many nfts in the collection what's the use case where
to buy stuff like that so that is that is so exciting and i'm so excited to do that i went last
night on um onto mantra and i bought a bunch of monos nfts and doge tools nfts so i can tip them out
today so already it's working to increase sales because i'm going out there and buying some and minting more
um i have a bunch of uh doge bears so uh just a question do they need to be whitelisted in some
sort of like the tokens or or or uh do do you have like a list of whitelisted nfts that can be sent
and used something like that yeah so we have um we we do it will be a subscription like the doge
um tools tip bot people can subscribe their nfts to be on it we do have set collections that are
automatically on it people that we've worked with for nfts and stuff like that so monos is on it
um rats is on it and um chimps is that right peach yeah yeah so yeah doge tools monos chimps and rats
nfts can be tipped um and transferred and all that good stuff and we also um there's a
a shibarian project called walk and um they we're going to partner with them they are going to
create a million nfts and they have subscribed to be on the nft tip bot for a lifetime so yesterday
um kyanese um who's the founder of that he bought and burned one percent of doge tool supply
using our burn bot which is really exciting um and so he did that and so he'll be on the
their nfts will be on the lifetime for our for our nft tip bot um and if anyone wants to subscribe
to it they can contact peach or nick or me i think that's awesome yeah so we're so excited it's it's
we still have a long list of stuff we're doing but um this has been our like something we've been
wanting for so long and i'm so grateful for nick who's amazing and so brilliant and he's just
he's just fantastic and thank you to our community and thank you to everybody on the team for
just always working and being positive you guys are banging out the hips here
yeah thank you for being patient with us while we did this because these are things that have
been it's a banger it's a hadouken banger
wait hadouken banger you're saying hadouken banger yeah yeah it was that uh what's that guy's name
it's he's a dj and he he did a lot of remixes of street fighter music and he was like oh it's a
hadouken banger and uh that's where it's like a meme that's where it comes from but awesome stuff
guys those tools are are pushing the the boundaries here with the usage of telegram awesome stuff uh
tipping with nfts now uh great stuff uh by the way you mentioned crypto rats uh for those that are
unfamiliar those are some of the most unique nfts that i've seen in the industry overall uh you you can
buy like different parts uh and uh remint your your nft with different with additional attributes for
example you have a rat and you buy glasses and then you can remint uh a new version of your rat
with glasses so you you you actually combine two nfts into one it's it's it's a super innovative way
to to do this and uh it can be it's a great way to to use in gaming for example like uh you have your
your character and you can add uh like uh stuff to him armor uh attributes etc etc pretty cool stuff
with uh with those crypto rats so check them out if you can and they're also a great greek um team
to work with too they're they've been really nice and helpful to us as well so um and their nfts are
amazing really cool stuff awesome guys we're glad we could have that announcement here uh you guys
really just are crushing it you guys are amazing you know honestly we we had a team shake up about six
months ago um and at the time it was just very dark and like oh my god oh that's right yeah yeah and so
after that happened it is kind of like we were on like we we rose from the ashes and we're so much
stronger and the team works so well together and we're always like brainstorming non-stop all the day
long like how to do this how we can upgrade what we can do like just everything and so we're i'm very
lucky that we have such a good team and strong team and um everybody you know likes to help and help
others so it's um we always say we got to stay humble stay positive and stay focused on the future
and that's really working for us awesome stuff guys seriously really good
okay i think we uh let me check topic list but i think we we we come come to an end here to to our
weekly uh we can pick it up next week with uh with new stuff to talk about in the industry of course
there's always something new and uh and awesome happening oh by the way one thing uh i forgot to
mention polonia was hacked for about 100 million dollars earlier and weirdly enough the guy that
hacked the exchange started buying trx tokens i don't know for people that are unaware but uh polonics is
owned by justin sun and uh which is the creator of of tron so the the hacker actually uh like spent like
a couple of million dollars buying trx and pumping the price like 10 15 percent earlier today after
hacking the exchange which is kind of insane uh but it also raises a lot of questions is who is this
hacker is it really a hacker or is it an inside job or something like that so uh pretty crazy stuff
happening i i mean okay i know we said we were going to end right here and already we probably i should
probably not say that until we actually end because i noticed a bunch of people already dropping off
um but um that's really interesting i don't know if we have time to dig into that but i one thing i do
want to dig into just really quick is like this this thing i i meant to ask about this but um has
anyone seen this like uh blackrock watch a guru and some others have been posting this but blackrock
confident sec will approve its spot bitcoin etf by january is this true guys is there has anyone like
checked the sources on this uh what you mean uh yeah i've been apparently blackrock is saying blackrock
themselves apparently are saying that they are confident the sec will approve yeah that's from
whale chart i don't know man uh these guys tweet something and they uh link to a uh a blog post that
they wrote themselves so i don't know sometimes it's uh it's fomo sometimes it's it's confirmed after a
while but i don't know i haven't seen it on on any other outlet than than theirs so i'm i'm i'm going to
stay reserved on that uh it's it's a gamble when you when you uh fomo into whale uh will watch her uh
announcements because uh sometimes they get debunked like uh an hour afterwards but you never know
yeah
yeah i want to look into this that's pretty interesting if blackrock is i mean blackrock
doesn't say stuff like that unless they're sure right but that would be pretty cool that means uh
i mean it could be a very interesting next couple months we'll see guys okay um we we've already had
a bunch of people dropping off so i think we'll just cut it there guys but uh yeah great spaces i'm glad
we can talk more about the the the future of does chain uh and how we've kind of done in a way we
you know not marketed as this but really in a way this upgrade we just did was like dose chain 1.5 and
now we're going to dose chain 2.0 with zk evm uh hopefully so pretty exciting stuff guys glad to be on
the journey with all of you awesome stuff thank you everybody for uh joining in today and uh of course
you can find us next uh week same time rock or uh an hour later what are we saying i don't know bro i
don't know what this time zone stuff did i don't even hear what happened today because that was a
crazy show was anyone in the audience there for the uh the beginning of the all roads lead to polygon
that was like pretty funny um i mean i had literally woken up two minutes before like
someone called me today we're starting spaces and i was like what it's an hour early and i guess
time zone stuff just created lots of confusion and none of them because we're ready it's because uh
last week no actually two weeks ago in europe we changed the time and you americans actually didn't
until last week i think or something like that uh over last weekend which means that this week
is with the new daylight savings and for example if you if you put depending on who made the the
meeting for example in google in google meets if it was an american uh it wouldn't have budged last
week so it would have been one hour later and if it wasn't a european it would be on time and
just crazy stuff super confusing and every year is the same i think the daylight saving i don't remember
ever being this confusing man it was the same last year it was the same last year it was the same last
year okay normally daylight savings happens i always thought it happens at one time but now it's
two different times for no no no but i know but it happened no it was i thought the same last year
europe in america both they change at different times exactly that's what i thought a week later
when we changed uh for uh for summertime i thought it was this everybody changed those that change change
at the same time and then we had trouble nobody showing up on the on the weekly calls etc like
people were huh it's like an hour late or it's an hour early and yeah it was already the case like last
time and now i i was prepared but not prepared enough because you never know what what is going to happen
yeah anyway whatever okay next week we'll see uh over the week we'll decide what time is better
uh we might move it we might keep the same but uh we'll be back uh next friday and uh happy to have
you here uh i'll say this i'm not getting up an hour early uh earlier so we got to figure that out
like yeah i had to get up at 5 15 on thursday 5 15 a.m for twitter spaces with i was doing it with
one inch and yeah and zero that was in the middle of the day for me i was like rock i got a notification
rocky speaking on a spaces it was like it has to be like 5 a.m for him what what the hell is he doing
did you not go to sleep or anything like that i slept like two or three hours man it was miserable
but it was a good space it was actually really good i got pretty hyped up i was surprised actually
i would i was surprised i wasn't that tired i think when you only sleep like three hours
you don't get into deep rim sleep or something so i just when i got up i actually woke up early for it
even before my alarm i woke up like 15 minutes 20 minutes before my alarm went off and i was just
like okay i guess i woke up at like five and i was like i guess i'm staying up okay anyways guys
cool have fun have a good weekend uh be good uh and see y'all soon congratulations uh all the
doge tool stuff you guys are doing and congratulations everyone who's still here in
the industry in this deep bear market finally we're seeing the sun come out hopefully guys
congrats to those who stuck stuck with the journey of the whole web3 journey guys
goodbye everybody thanks uh thanks for uh joining in and uh congrats again to uh doge tools for their
new utility see you next week guys ending it now bye bye bye
