Crafting the Commons: Innovating Public Goods in Cosmos

Recorded: Feb. 3, 2024 Duration: 1:43:00

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I'm going to switch off the volume.
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second part of the song.
So, I'm going to switch over to the
second part of the song.
So, I'm going to switch over to the
good morning mike sex can you guys hear me
good morning everyone
good morning mike sex what's up trev gmgm on this fine fine saturday morning for me
and maybe almost noon for you in like an hour yeah it feels early for me though because
i eat heavy i usually don't eat heavy and i eat heavy last night and i honestly feel
like i feel like i'm hungover to be honest with you like i woke up i'm like god damn
man i felt like i had like 10 whiskies last night i had zero drinks and just just heavy
food man i don't eat heavy food anymore so it's like i had like pepper i got pepperoni
roll i had pasta i was like i don't eat that stuff because i just can't do it anymore i
swear as i get older i'm like i can't have it like i just feel like i get beat up so
it's like i don't eat it but it was so good though i was like so worth it it was amazing
so i'm just still what was the occasion what was it you putting in your two weeks finally
and failing on the real life yeah the real world trying to be totally in the matrix no
it was just like there's just really good um Italian plays by me and it's like top top
shelf like everyone talks about they rant rave about it and i'm like all right let's go do it
and um yeah so i just got like physically you know food coma afterwards and then like like i
said dude i woke up i was like holy shit i slept decent too for once and i'm just like i feel like
i need like 10 more hours of sleep so i'm just spending this like lore you know i'm on my second
caffeinated drink and um it just feels like it's not doing anything for me it's just more of the
taste not even doing much so that's kind of my status this morning but it's all good ready to
get it going yeah dude it's uh you know it's good to eat all that stuff every once in a while
but you know it's we're getting old huh i'm an old man i'm excited by the way i think i'm
finalizing coming to Denver but i'm not going to be there the entire trip that's just too long for
me i did last last ethember i went the very first day or so and then i stayed until the end of
builder week i think i'm kind of doing the same thing this year as well like i didn't i didn't
get all the glitz and glamour um event you know like the main event or whatever it's going to be
the same this year too i'm more i'm just more concerned about coming like checking you guys
out the app chain and then maybe go into a couple i've seen there's like a cosmo event every day
up until like march 1st so i'm just going to probably do all those and then head back home
yeah totally but you know it's what we're not too old to wake up in the morning and talk about
you know cosmos i don't know if that'll ever change yeah yeah yeah so uh thanks everybody
for tuning in uh we're talking public goods and and just cosmos in general today we have the
incredible hos up here uh jordan from way back in the day the day in art protocol uh and anybody
that just wants to like get up here in chat you know where this is really you know we're we're
talking public goods but also general cosmos um so it's you know and anybody can raise their hand
and come up here and chat where it's very casual today and and hos anything yeah we we encourage
that because you're on the front lines you know and maybe there's something that you don't like
or wish there was something improved and that's the whole purpose of you know common goods and
making it a better space for for users and builders and everyone else in between so
it's what we're looking for like your your uh feedback right like i know when i've been
in cosmos basically the last three years i've seen a substantial um amount of development when
it came to just like better experience like to me that's all it's about is like having a better
experience doing what you like to do so i think it's improved drastically and it's going to
continue to do so so it takes all of us to kind of get it better and that's one of the things that
really endure about cosmos it's very communitarian so like you your voices are heard so we encourage
anyone that's listening or listens to recording to you know reach out for sure but all right go
go over to you go trev yeah yeah and you know this is this would be very casual today so
everybody just kind of hopped in uh jordan arc protocol you guys just want to say say hello
gm what you guys yeah whatever you guys want yeah yeah gm everybody for me it's morning uh
i actually live in las vegas so it's 8 a.m but i'm i'm an early riser i have kids and then i feel old
like you guys claim you're old and i don't when you guys say old i i kind of wonder like how old
is old for you guys because i'm in my 40s i'm mid 40s already so where you guys stand on that
i mean i guess in theory you're like a boomer in this space but you're not old so i'm definitely
a boomer yeah well i feel like a boomer i'm turning i'm about to turn 38 in march next month
so i'm a kind of i'm an i'm a young boomer in this space you know i mean you're just like a
middle ground gen x yeah i'm like not even a boomer i'm i'm after the boomers and before
you know before everyone else i'm just like we're i'm in a generation where we're kind
of overlooked we're like the middle child of generations uh yeah you were the mistakes you
were the mistakes heck yeah i was saying why they gotta call him out like that huh
man sometimes the mistakes are good no no these mistakes were great you know we're that one
generation in between that's like we get along with the older group and the younger group all
at the same time whereas the older and the younger don't get along at all you know so
i'm in the weird i'm in the weird age because it's like it's almost like you working i'm
considered a millennial but when i look at millennials i mean the cell phone was pretty
much shit until i was in college and it was still kind of crap you know but i have seen every
iteration of technology like i played atari nintendo all the way up like every game system
so like i got to see oh man i don't consider myself like you know you're my generation you're
my generation because you didn't call it nintendo you called it nintendo which is what we called it
exactly nintendo yeah i mean that's that's hilarious yeah we still played outside and
build tree houses and shacks and like got beat oh yeah you know like all the time climb fences
and get jacked up and actually have stories and the younger generation the earlier millennials
the ones that like really to me are millennials they don't have those stories they don't have
the cuts the uh scratches the you know like this for life scars you know unless you you have that
and you know to me you didn't grow up in my you know our era well yeah in our era i don't know
about you but i mean we grew up you know there was no computers video games were scarce you know
it was atari nintendo and so on so it was a lot of uh not being able to communicate you know like
if the phone in the house rang we all ran to answer it like who gets to it first you know
type situation whereas now they can't be bothered to answer if you don't text then you're something's
wrong with you or so or you're on ao it's the messenger and your your parents picked up the
phone you got rugged yeah that's so funny it's so true so yeah the the new generation doesn't
know our struggles if you were born into a world where google has always been there for you
then congratulations you are privileged because we are older than google yep and that's a weird
thing to say yeah man it's been fun though man it's been super fun because one of the things
i like too it's so cool about cosmos is like dr shay he um is the founder of babel on chains and
he essentially is one of the reasons why we can have our phone right now and like talk to one
another and he was a pioneer in wireless communications and now like i interviewed
him a while ago and i was like hey like what was the you know it was this i'm curious like you're
very successful you have your own wing at stanford university like why are you doing this now and he
was just like it's the future of technology and i want to be a part of it for someone to like
basically pioneer wireless communications like web one to web two and then want to do something
in cosmos and web three it's like to me is like a really ultimate bullish signal and it's like
all right yeah like that's awesome like this guy is he doesn't need to do anything right it's like
this guy has a he wants to do this so it's pretty cool and it you know it just like motivates me even
more that we're on the right path i don't know how long it's going to take but we're here and
we're doing our thing and yeah it's super cool it's pretty awesome yeah just to see like how crappy
the internet was and what it was now and you know like you used to have to put a freaking floppy
disk in and have like 20 of them and then that like this flop 18 would be corrupted and you
would have to go back to the store be like hey i can't download this game on my computer i can't
install it you know it's like now it's just yeah it's insane the shit that we have now and it's
and it's just it's an incredible ride that's all it's just a lot of fun i agree with that sentiment
i mean the idea that people are coming into the web three space from high level tech successes
and and saying things like this is the future uh this is something that a lot of us in the space
already believe but hearing people who have had such a success in tech say it really makes us
you know i mean for me it's like confirmation it's like it's like when you make a trade
you need it to bounce off of a support but then you also need confirmation before you enter this
that's the confirmation so instead of aping you're trading uh you know high probability so when
people like that say that then crypto becomes more high probability and less of a gamble in our in
our minds which is a great feeling actually and uh the cosmos space has such a bright future in my
opinion i think that there are some some amazing amazing opportunities and a lot of new chains
coming and and with interchain and i noticed that the last time we spoke interchain was definitely
one of the the main themes but with interchain i think it will link all of cosmos eventually and
even more further out than just the cosmos and and with this link you know everybody's going to
still like the coins they like but it'll all be on the same chain and and we'll all be in the same
place so to speak just as i go into a bar everyone orders a different drink but we're all in the same
bar you know i don't know why that's the analogy this morning but that's the one so i like where
you go with that i yeah i tell that i tell people that all the time i don't know like i when people
like what are you investing in i'm like oh i don't give financial advice i i do a bunch of
shit and i know but i'm super long term i have like you you've been around a block too and you
know i've been around the block as well and it's like i remember oh yeah did you get a juke
airdrop yeah like i remember buying a freaking book on uh amazon when it was just a bookstore
i thought i thought it was the coolest shit ever it's like i remember that that was so long ago
and look how long it took them to become what they were and i'm not saying like you know
adam and all that's going to become that but i'm saying like it could so i'm looking long long
term so it's like when someone's like what are you investing in why aren't you investing in more
adam or something i'm like well i have enough and it's like i'm going elsewhere right now because
i think it's a really really long term play but i also think it's going to be a long term play so
i'm not you know derisking or whatever it's like i'm i see it and i believe in cosmos you know and i
i just believe in the app chain thesis and then you see like all these different ways of utilizing
the sdk and tenderment with like like celeste right and all the it's like everyone's tapping
into it and i've been i've been saying this shit for like three years now and i'm not saying i came
home with it but i see it like it's just like it's all coming to fruition it's gonna take time
because that's how technology is and you know we we when i say we're boomers it's because we are
experienced and the space as a whole tends to be on the younger side so they don't have that kind of
historical experience like look man this shit takes time it doesn't just happen overnight and
in your eyes you look in there like oh aetherium like this this and this it's kind of the wrong
way of viewing it because okay aetherium used to be a hundred dollars or below that now it's what
this is but you can't judge everything based off of that because obviously i mean look at the if
you want to look at the overall experience go use go use evm and then go use something on cosmos and
tell me what's a better experience i guarantee you it's going to be something on cosmos so
just give it time it's gonna happen and just let it be you know for us that have been in the space
for a long time you know like i've been here for five years so i i caught the end of a bull run
then i i watched in the bear then i got into a massive bull run and i was a massive lunatic
and and it was so much fun and then when it all crashed a lot of people were like why are you
still in there though you lost everything because i lost a huge portfolio but many of us did
and i was like what do you mean why am i in there first of all i had to kind of decide like do i
really want to stick with this can i can i lose money and not freak out which the answer was
obviously yes because here i am but um it's like i love crypto i love everything i see i love
utility uh even before the dpeg and before the crash i was already venturing into other chains
and just interacting and like you said the ui and the ux on all these chains are different
and no matter what they claim in their promotion when you go to use a chain that's when you really
see what's going on and one one thing i loved about terra luna was the utility i used so many
protocols starting with anchor which i was an anchor maxi i just loved the idea of spinning
money through anchor but i went through every protocol that that launched all the way up until
prism when prism launched it was sort of towards the end of uh before the dpeg and i didn't uh
really get into it but the one before that i think was stator labs i mean i still remember all these
protocols and then and then when i ventured off into other chains like you said ethereum really
pissed me off a lot of times just for the gas fees i'm not against ethereum i'm just against
paying high gas fees because i'm a numbers guy and when you do the risk to reward math and then
you add in the gas fee your risk to reward goes askew and it's not even worth doing anymore unless
you want a dgen which sometimes pays off but then i went to solana and anybody who's been on solana
oh my god the tools the community the the way that the nft market spins around it's just amazing
anybody who wants to build great things in the cosmos can go and play around in solana and
there's a thousand things there that don't exist on most chains that you could just simply bring
here like it's amazing what's going on over there rest is where it's at you know it's really cool
stuff but the cosmos going interchange is going to be super powerful and you got a lot of evm chain
people from ethereum coming over to the cosmos which is a really big deal in my opinion because
it's kind of pointing out that the high gas fees is kind of growing old on them too so you know all
of this spend time try chains and you'll realize that the cosmos user experience is fantastic
yeah that's the i'll let i'll give it to you trip i just wanted that one that last point to that
yeah like from and this is not financial advice but like if you are going to invest in anything
whether it's crypto or not like you should be a user of the product like if you're going to
invest in like a you know a product or you want to whatever you should use it and see if you like it
and that's the same thing in this space like don't just in my opinion don't just blindly buy things
that you don't know of or or have used or experienced it because maybe you're like oh
yeah someone's talking about this you go over and use it and you're just like confused and you're
like this is crap and then like why would you want to throw your money at that you're hard-earned
time on planet earth to throw money at something it's like it's not a good experience you know
like i i'm the same way i explore everything i i just considered us like digital early digital
explorers it's like we're just traveling around like looking and trying shit out it's like oh
yeah it was cool that was a fun time it was a good time maybe i'll throw some of my money at it and
hope for the best or whatever but yeah like that's what's so cool about cosmos is like
everything really is connected it's truly interoperable and then you could just like go
over i always consider like planets you could fly over this other planet go check it out if you
like it there you go if you don't go somewhere else and it's like the ultimate sign in my
opinion like a freedom like you're just free to roam like this galaxy it's just a good time man
like i completely agree with everything you're saying like i just i love doing this and i my
thesis was like this it's like do i want to continue my job that i have it's a good skill
and it's very useful and it's you know i have a good skill set i can always go back to the
old world and work a shitty job for the rest of my life or go do something i have like complete
passion about i could put 12 15 hours in straight it doesn't even feel like i'm working i'm just
enjoying everything i love learning i'm a nerd and then i love helping others so it's like i get
to do all that in this space let's just do this you know in the worst case scenario it all went to
zero yes it would absolutely be terrifying it would be horrible but i go back to this crappy job and
work it till i croak one day and it's like i'm cool with that too i don't want to do that but
so that was my conclusion and my thesis in this space and then like comparing that with
my job and people you know i talk to some people they're like oh that's crazy you're going to be
doing that i'm like well yeah it's also a crazy work in a job where it feels like it's sucking
the life out of me every single day of my life too so i would rather not do that you know so
here i am and i'm glad to be here and i'll pass it over to you chow
yeah i mean i i have so much to say on the topic of all those things uh but we'd be here for frickin
after uh if you guys heard me talk about all those things uh but i do want to say good gm gm to
everybody uh cos cosmos hos and as amanda jordan are shouting out some incredible people joining
us yield most is here reena cryptorium chill vibes forest dsh that looks like a bunch of
leaves of some kind rio rocket and uh celio or celo frans on this saturday morning uh again
we're talking public goods and cosmos in general uh and we have the incredible arc protocol
up here that's uh one of the recent grantees from our our team adora hacks but uh i do want people
just to come up here and talk and just to have a conversation about it um yeah just come up here
and have fun if you want to talk go ahead and speak but arc protocol like from nintendo to to
arc what's up with that yeah so so uh my name is scotty everybody calls me crypto scotty in the
space my real name is scott but scott is just fine um i basically represent arc and and i'll give you
a little history and arc uh the devs uh that are bringing this amazing tech uh are similar in age
some are a little younger but but mr t is a little older than me if i'm not mistaken
and basically we were all lunatics before the dpeg i mean we were heavy in crypto in general
and uh when the dpeg happened uh within a couple days i think it was like three days later arc was
arc was was born um because what happened in the dpeg and and and you know like uh cosmos
house was saying you know planet to planet traveling and stuff well the worst part is is that
when you travel through different chains you know so many of us we sport our pfps which are
usually nfts we hold and we we sport them as part of our our identity but then when we go to another
chain suddenly we don't have that identity with us but everybody who sees like when i see cosmos
uh a pfp i know it's him like right away like oh i know that guy you know it's just we associate
these things and so what happened was with this dpeg is is luna went to zero while other chains
didn't go to zero and all the projects on the other chains had the option to stick around through
the bear and stuff but on luna all these projects had to migrate and the process of migrating was
so difficult now arc decided right away like we want to try to create this tech that will allow
you to immediately not only move with your nft and carry your identity with you but wherever you
move to you can then buy sell and utilize your nft in that chain uh and and eventually once all
chains are connected imagine you could literally buy a uh you know uh a stargaze nft using luna and
have it sent to your injective wallet or whatever like and and then stake it through cross-chain
staking wherever the dao is sitting like enterprise or dao dao or something like that and it will
simply accept your staking all in one click even though it's going cross-chain uh and and what
that does is that opens it up for everybody uh to be able to kind of bounce back if there's an
issue if one chain has a major like let's say a chain is hacked you know there used to be something
called a 51 hack i'm assuming it still exists a chain can be taken down completely uh imagine you
you got a chain that's dying and you just you just move your nft over uh but even better the creator
has access to the arc protocol user interface and then the creator could literally set rules
it could freeze all the nfts on that chain if we can't get them off of there and just have them
remitted on on the chain that they want to be on and then everyone can then from there go roam
freely and they can drop it like if you had to do something crazy like that uh you could literally
air drop to all the holders that you had no matter what chains they're on uh so this utility
literally gives the freedom to travel across the cosmos like you said planet to planet but
with your belongings so you get to bring your luggage with you essentially that's what i guess
that's the that's a good metaphor but uh but our protocol is a team of some phenomenal devs
and um i mean they've contributed more to the ics 721 and the cw 721 protocol more than anybody
they're the the top contributors uh to this and and you know chains like uh like terra you know
tfl and and stargaze recognize this months and months and months ago and we've been working with
them uh behind the scenes because uh if anyone paid attention they are very interested in in
these texts and and terra went and made enterprise and their alliance dao and their station wallet
all interchain already without you know without really telling anybody that that was the plan so
i kind of feel like we were saying earlier about people who are successful in tech you know being
bullish on tech well if they were behind the scenes working on interchain without saying it
to anybody not even us uh that means that they see the future of this tech so i mean that's that's
just the the basics of it i feel like i've i've said a lot you know the room is kind of small i'd
be happy to answer questions about it but uh you know ark has the infrastructure and and we'll have
the utility uh and it will be super secure more secure than any other protocol in the cosmos
that can do things like this and uh and yeah it's it's just it's a passion it's a mission
um mr t does not want to see a projects go to zero and not be able to move and be stuck
you know a lot of the projects died because of it uh where you know other ecos they didn't die
they just you know we went into our bear market and now that we're coming out of the bear market
so many of those projects are just flying high like uh even on terra you got galactic punks
they just went interchange if you know galactic punks they're probably the biggest og project
on terra uh and uh basically they went in a chain so stargaze now recognizes the collection
and uh so a few of the communities started to play around with it and send nfts and and somebody
bought an nft on on stargaze zone using stars uh and it's a galactic punk and i don't know if
they kept it in stars in stargaze or if they sent it back to terra but that's just the beginning
you know as we add more chains projects get to decide what chains they want to associate to
their collection and eventually it won't even be what what chains do you want to associate
all chains will be accessible and and then the creator will have the option to blacklist chains
if they want if they're like no i don't want my community going to that chain which i don't
understand why somebody would want that but the freedom to to make those decisions for the creator
will be there and holders will get to decide where they want to be if you want to do a snapshot as
a creator it will see all your nfts because the metadata is stored all transactions are
stored all history is stored if you want to air drop once you've done a snapshot you'll know
where to air drop to and you'll be able to simply send whatever it is you're sending to the wallet
that's holding the nft on any chain it's on because it's all going to be visible through the user
interface uh that an infrastructure that arc is created from the relayers the proxies you know
and then we're also working on callbacks which is a technical term for being able to cross chain
stake all seamlessly in one click and the transaction be recorded all as one so that
it's easy to uh to reference the transaction later as well i like how you just drop all these
features for our protocol like you make it sound so easy like oh you do this you do that one click
this one click that and we know being in the space that it isn't that easy and also shout out to glad
at enterprise mr vlad joy you don't need to raise your hand just just jump jump on it you know if
anybody wants to come up here and talk as well you know do do hop in you know we're up here to
hear about these incredible projects building so i just had a quick question actually uh for arc
protocol um heard of you guys for a while now what are you guys using ibc i'm assuming or or
what's going on there under the hood for the nfts when they go interchange so basically the the end
goal is all chains uh whether they're ibc enabled or not there are already bridges through evm chains
onto the cosmos that i know of uh so there is tech already developed for some of that but currently
all ibc enabled chains that's that's the that's the starting point any chain that's ibc enabled
can utilize the ics 721 which is basically just a fancy code for the interchange utility
uh so uh but yeah all of all of cosmos but it's a step-by-step process like like was just mentioned
it's behind the scenes so much is happening if you want a good user experience and a good user
interface you need it to be quick click and and and settings and fields and and then behind the
scenes a lot has to happen so so yeah good question though does that answer your question
yeah no i appreciate that thank you cool cool
hi everyone um i've joined a bit late but uh can everyone hear me
chaz put your show on mute dude sorry like i was i was having some issues with with twitter and
then i like coughed and that was a whole lot of fun and it was at best like you were like insinuating
like oh dude you're late i'm gonna like to you like it was kind of funny but anyway i digress
hey i also wanted to point out real quick i know i give a lot of info um this part of what
ark has me for because when the devs talk it's sometimes it's hard to understand
their their terminologies and stuff but we we are a public good and and and the easiest i think the
easiest way to to define it is is by simply saying hey look at all these utilities but
our project doesn't actually have a collection we're not out there uh building collections for
ourselves we're out there building utilities for for the space so this is going to be accessible
to the public with absolutely zero limitations uh for use of this infrastructure anybody can
transfer nfts and uh and any project can come to us and and add this utility to their project
and we do have a lot of projects in line right now um and uh you guys will be seeing our posts
on twitter uh we'll be doing cross promotions for every project that's going to try to get some
some more awareness out there for them and for us yeah i freaking love it what you guys are doing
um can't wait for it start uh sorry no no it's coughing and dying over here it's okay yeah
apparently last time some people couldn't hear me so i thought okay maybe i need to go back to
my settings but everything seems fine yeah um it's great what they're doing in our protocol i think
um i'm also doing something similar so they're implementing ics21 for nfts whereas like my
implementation is for ics27 which is the interchange accounts implementation in cosmo and like the way
i see like these public goods is like one of the i think greatest superpowers of cosmos is that
like we have actual standards that a lot of protocols actually do follow whereas in like
other ecosystems like ethereum they don't really have like an interoperability standard and that's
why if you look at the last 30 days ibc has like the highest volume of all all bridges even including
native so i think i i really like seeing these public goods where we actually we're actually
implementing already existing standards in multiple places so um like our interoperability is actually
much more powerful compared compared to other ecosystems so definitely good stuff
trev you good over there yeah yeah i got some water so i'm no longer dying
no that's how i am i it's usually about one it's like i'm clockwork like it's like um as you get
older your body it's just like a clock and it's like the hour right before about 10 a.m here for
me it's the same thing dude i'm like clearing my throat i gotta take like allergy stuff it's like
it's fun getting older man your body just kind of starts breaking down especially if you're
always on the computer for your entire life and you never get outside and get some air like
anyways that's just funny you're you're right in the middle of this intros it was probably it
was pretty fun in my cola anyways just wanted to make sure you okay just a little pulse check on
you over there no no i'm i'm still alive you guys haven't gotten rid of me yet
no it's but like on a serious note like having um like a standardization to to be able to send
essentially it's data package but with nfts it's pretty cool and um it gives more utility as a
builder if you have a collection and just like i said like the vision should be we're kind of like
all citizens on all these different planets and if you know your planet potentially may be getting
hit by an asteroid in the in a terra luna in a sense that you can kind of get up and move and go
relocate to the you know a different planet and um you know before before we really didn't have
that because well we did but like you like we'll just use the analogy for like ust that was the
only kind of currency for stablecoins right so like you just got it you got wrecked unless you
were you left the entire galaxy you're like oh i'm gonna go to evm or go over to this other you
know place and now but we can use that in a sense with nfts as well like if you know okay well this
chain's not where i want to be or i want to go do something else like you could just kind of get it
take your your nft and and go elsewhere and we're seeing you know with kind of the interoperability
and notion that these teams and um go to launch like they see nfts are very valuable for culture
and everything else you know like they start airdropping to to nft holders and it's like well
we're gonna we're gonna airdrop to back hit holders well how do we do it you know i've actually been
helping teams kind of do that some teams will reach out and they're like hey like we're we're
we're gonna be launching soon and we're thinking about doing an airdrop like we were web2 guys
like how do we do this like we we know how to build tech but we don't even know how to do
like how do we implement these nfts like what's the way we go about it and or i mean airdrops
and like to be able to have like kind of for anyone just whether you're a coder or not you're
just like hey i really like this nft project over here but we'd like to maybe airdrop them some
nfts or like how do we begin and that's a lot of the questions that people have just in general
like how do i do this so to be able to have somewhere to to just you know point them like
here go over here as opposed to like let me set this private group up with this team that
this has already done a you know an airdrop in the past and then i've been on con you know i've
had conversations with you know obviously brilliant engineers and they're like look man
this is what i wish i knew when i did my uh my airdrop and you know six months ago and this is
like the shit that went wrong but like don't do this this and this and to make it easier right
like that's the only problem with having like the the multi-chain slash you know app chain thesis
is it's it's a little bit more difficult than like if you're on a monolithic it's like oh yeah
just get these addresses and the the user just gets it instantaneously but within their wallet
like they don't even have to know anything and that's a better you that's a better experience
for the end user but um you know how do we get that in this space too it's a little bit more
difficult since everything technically is its own chain so that'll be pretty cool if that all good
works out and the end user because you still get it like oh well you know i get questions from
users are like whoa how do i do this oh it's like my ledger is not allowing me and i'm like look man
i i'm not trying to badmouth ledgers i personally think they do more determined than good in this
space and it's always a good practice to have a hardware wallet there's multiple hardware wallets
out there but i also get like most problems if not all problems in this space tend to be some sort
of issue with ledgers and compatibilities and it's just like yeah i'm over ledger so like i can't
answer your question unfortunately if you have ledger questions because i just don't use it anymore
i don't i'd love to i'd love to jump in on that one um i don't know uh how many of you really
know me but i'm also have my own project called big tiny brand where we do web3 security data info
security and compliance with all the regulations looming but long story short i am definitely
against hard wallets and i know this is kind of a sore subject for some people and i've had some
debates on it but the way i see it is they give you a false sense of security one of the biggest
issues is understanding how wallets even work a wallet does not hold anything your ledger is
not holding anything there is nothing in there everything is on the blockchain okay most people
when they get scammed they're being scammed because they're they're they're trusting the
source and they're approving the transaction the ledger will not save you from that but it makes
you feel safe because you have it also if if you have a ledger and you do something stupid like
not save your seed phrase and your ledger dies so many people just believe it's all safe but it's
not and if i have your seed phrase and you have your stuff on a ledger i can just open up any
compatible wallet on my browser extension and access your coins or your assets so for me these
hardware wallets are just unnecessary what's necessary is educating yourself and how people
are getting scammed and how to develop safe practices so that you when you do connect to
protocols and you do take those risks you're not risking everything you own holding everything in
one wallet and then pretending like some hardware wallet's going to protect you in my opinion it's
just not the way uh and i actually just did a video with uh on youtube with uh one of these
youtuber guys uh in the space called the alt kings just about this subject just the other day he
hasn't actually dropped the video but safe practices and different ways to utilize many
wallets so that you never connect a wallet filled with assets to any protocols uh i i'm very
passionate about this topic which is why i wanted to jump in no that's good i feel the same i feel
the same way i just i'm sorry no no no no this is an open convo but uh but then dialing backwards
and and everything that you were saying about air drops and stuff uh you know the utility of
ics 721 has existed before arc built upon it what that means is technically you can send your nfts
to anywhere in the cosmos but the problem is interacting with it do you want to buy and sell
them on that chain well that chain doesn't recognize it also when you're transferring it over
okay if you transfer it over it's got to go across what's what's known as a channel well if
your nft that you sent from some project goes across one channel and somebody else from the
same project sends an nft through a different channel the the destination chain even though
it's the same chain will see them as two completely separate projects so uh the technology of being
able to move around existed but that being able to recognize and control the the actual
metadata so that as you're moving around the cosmos you're recognized as part of that collection
is where the infrastructure suddenly became needed the ability for a project to say okay
we're only going to allow our nfts to cross this one channel and we're going to blacklist all other
channels meaning your community can't mess up because if you send an nft right now across one
channel and send it back across another when it comes back it's not even going to be recognized
still so there's these these limitations that existed that that arc has been working on forever
to try to solve all this and uh and has and has solved it has found a way to create proxies
to help with with mitigating any kind of risk and and create channels so that
the and and create the the rule settings in the ui so that the creator can choose to whitelist
and blacklist certain channels certain chains so that their community doesn't make mistakes
because at the end of the day we can't expect everyone in the community to understand all the
details i mean it's hard enough for me to understand i'm not a developer they have to explain all this
stuff to me and then i have to sit there and i have to understand it and let me tell you for a
person that is not a techie such as myself it's not easy to understand it all so what i like to
do like you said earlier is i give a lot of info i'd like to just show you what you can do if you
want to know the details after that please come see us but it'll be boring to start to talk about
all the the details of how it actually happens just know that we work super hard to ensure that
all these little quirks and all these little limitations that existed are all being controlled
now through our utility you have to go through our utility of course yeah it was well said
people don't want to learn about uh merkle proofs you know they want to know what is a
merkle proof in a way that they can actually digest it and that's that's what's up but no
like back to touch on the the it is a false sense of security when you think because you
have a hardware wallet it's gonna like save your life you know it totally is now there is i don't
know i'll shout them out because i think it's a really good wallet is um is uh keystone because
it's it's basically the seed is actually technically stored on the device and it's
very secure in a way in a sense that if anyone even tried to pry that open it's a self-destruct
so in a sense like say you like a lot of people are just mobile users right so it's like well
what happens if someone like you know took your mobile phone off you and was like give me your
money right now well if you didn't have that device there would be no way for them to transact
on on your mobile phone so like in a sense like i i think that is really important but
but yeah for like ledgers and it's like oh well i'm not doing this because it's not ledger friendly
it's like well you're beat then just keep wasting money and not collecting that airdrop or whatever
is going on and um you know in a sense like ledger cost me a lot of money because when the terror
this is i'll tell you this funny story it's we're talking about before with the ust thing well
essentially evmos was launching in cosmos and they they launched the chain but they had to
halt it because they could not figure out the ledger compatibility issues so they basically
halted the chain and this was probably march or april of 22 before the may crash of ust and they
you know and my thing was is like i know this thing's gonna run and it's gonna like go to the
moon because it's role inflationary and at the time that's what everyone was going for
and i was like i'm gonna take off my luna and ust and basically just become like an
evmos well and i was gonna do it then it got halted so then i went and put all my luna ust
back into osmosis and then we were talking about earlier about the bad experience with evm and how
high the gas fees were they launched again and this was legit probably like a week before the
luna ust crash but the only way you can get over to evmos was using the nomad bridge and it was evm
so like i went and took all my luna ust grabbed a bunch of eth and then i was trying to bridge over
and i tried like three or four times and it failed and at the time each gas fee was probably about
like 65 70 and i just lost it man i was like this is this is dog shit like i will never do this
ever again and then i took all my my eth and was like screw eth like i'm going back to cosmos and
i took all that went back to living ust and i'm not kidding i swear it was within a week that's
when the whole crap happened and i was like are you kidding me man it was like a triple it was
like a double triple whammy and i was like oh gosh whatever but like you were saying earlier
i just believe in it right like i just believe in the tech and cosmos and i've been saying this
forever like forever there's just no way that like the future of crypto can be the best version of
itself without ib you know ibc like there's just no way around it like no one's going to be like
hey let me just devote the next three or four years of doing nothing besides working on some
sort of protocol that's going to make everything ubiquitous like no one's going to do it like you
would be moron to do it it's like if someone built built a trail race and the canals and the
you know the infrastructure they spent three or four years non-stop like why would someone go
okay let me just do the same thing it's not really like a technically a lucrative proposition for
them and like you could tap in the cosmos and you have all this like basically free infrastructure
really if you think about it like the sdk is a free amazing software kit that you get to use
and also you can like alter it to do what you feel is best and it's like you got tendermen and
it's just like we have all these tools out there and there's a reason why ibc transactions you can
like all the other bridges outside of of ibc like the all the other bridge you probably combine them
i don't know the numbers i'm just going to rant about it you can probably add them all together
and it's not even remotely close to anything ibc is doing on a day-to-day you know so it's like
why would you go and not tap into that so my thesis has been forever now does it make all the
pre-existent app chains like more valuable maybe maybe not i think it does but it's like everyone's
going to utilize this technology some way some shape or form and everyone you see it like teams
are going other way they're building ibc everywhere you got like a composable and just like um i think
it's quorum they're building like um like ways for like xrp ledger to interact with cosmos like
everyone's doing it right it's like you you see it happen and i've seen this like you know i'm not
trying like oh when i was a kid or pat myself on the back but it's just to me like philosophically
and just like technologically and just business acumen it's like why wouldn't everyone want to
tap into this because it's not a competition it's like we're making your shit better so why not use
it right now does that in the long run make prices of these assets go up that's been in here
since day one i don't know but i almost look at it like it's um you know why is new york city very
about like we'll use e for example even though we know aetherium like evm the tech is kind of
i don't want to be rude but it's kind of antiquated but it's almost like it's like new york city right
like you can get a direct flight to new york city basically like all from anywhere in the world so
like new york city is always going to have good tourism and you know the the location of it the
buildings if your rent if you own a building ready to buy it's probably going to be more valuable
over time and it's like do we see that with like the the quote-unquote um blue chips of cosmos
probably you know so it's like that that's always been my long-term thesis on you know the the ones
that have built some sort of foundation and value in this space and it's like that's why i throw
when i when i position my portfolio i'm like i'm going for this one because they're doing this
they're going you know this this chain is doing this and it's like that's been my thing and it
now now you're starting to see it right you if you weren't on youtube three years ago you had to go
out of your way to find cosmos like no one was talking about it like literally no one you got
like obviously crypto cita has been a couple other people but even then like you couldn't find them
on your searches like you weren't finding them unless you really like to be a nerd and you wanted
to know how shit works and you're like well why does this do this and why does it do that like you
then you're gonna find cosmos i mean that's how i found cosmos is like dude just researching you
know so now it's like the opposite like you're starting to see you want to call them grifters
or whatever you want to call them but you hear cosmos way way more and that's great that's what
we want right we want people to experience and and that's what i've been saying the entire time
is like when people were saying stuff i'm like look i don't like when when i would go to conferences
and it would be like an evm conference and they're asking me questions and i would explain how the
tech works with analogies and metaphors or whatever i would just simply say i don't care
what chain you go use just go use it and tell me if it's a good experience or not and no one's
ever like oh that shit you know like let me leave here and not like that's the thing is like but how
do we get people to do that and it takes all this infrastructure and these common you know these goods
that make the experience better and it's kind of like the unsung heroes you know you just need to
have all this stuff for the end user at the end of the day just to be like man that was like pretty
smooth and they don't even need to know like look man you just interact with like seven different
blockchains and it just works seamlessly and it has it's like so much better like i just like
always want to shout out the people that done all the work and you know made this happen because
it's it's been great man like i'm not trying to toot their horn or whatever but i know in the
three years that i've basically been in cosmos like non-stop it's way way better and i think
it's going to be way way better and three more years from now so that's that's where i'll leave
that at and i'll take some water because i just spoke for like
i think it's important to note that the experience matters on two sides both for the creators
and for the holders communities degens traders whatever we want to call them and what's really
cool about the cosmos is the cosmos sdk is is so freaking easy and powerful like it's such a great
great platform and then the user experience is good too for the inventors and your holders and
stuff so uh it's a powerful chain because it covers both sides of that so i thought that that
was kind of important to note that cosmos is great for both sides i think i want to go back to like
the wallet security that we talked about a little bit before but i think one of the things that is
going to be bigger in the next like um i guess maybe bull market or one of the next narratives
is like multistage and smart contract wallets and account abstraction and i think um you know
cosmos is doing some good stuff and that like if you've seen the accounts module like that's
going to probably be included in this in the future fully um you're going to be able to like
basically do um have accounts using any kind of signature verification and if you're following
like uh there's a new chain called zion that's like on testnet right now but basically you can
you can currently like just use it with your email and create an account and i actually tried using
it it was like super uh comfortable um but i think uh the cosmo was a man called sdk like are
providing like a lot of utility currently for account abstraction one uh good thing about
these public goods is that for example my contract this is a use case i never thought about it but
there's a team called namos that are actually adopting my interchange accounts contract in
order to extend the capabilities of zion to all interchange accounts so essentially you'll be able
to um like use your email to create an account on every chain um and when you build these public
goods they end up having these consequences that you've never thought about um yeah
yeah you brought up some good points there um i don't personally from a security standpoint
i don't like the idea of utilizing email so long as uh we don't have any protections
like if if your bank gets hacked they give you your money back but in crypto if you get hacked
you don't get nothing back so if i'm using my email i'll personally feel less secure unless
i fully understand how they're protected no yeah i agree with that i think what i want
what i'm trying to say is it's a multisake that includes your like one of the things that includes
is the like like the email thing that like zion has so you could have your hard wallet plus maybe
like a softwood and also your email on top of that uh as an example that's awesome yeah i i
always preach that for the whales for people who have a ton of money who want to keep it in crypto
i say use multisigs to hold it that way if you have one wallet that gets hacked they still need
to hack other wallets just to access your multisig so it's it's an extra layer of protection it's
also a major deterrent because these scammers have it easy with easy prey they like the low
hanging fruits if you make it more difficult to get to your money they'll leave you alone
exactly and one thing you can do with smart contract wallets that i like like to preach is
that like um even if you lose your like all your keys or something like you lose most of them
you can program it into the smart contract that like if no transaction occurs within like a within
like one year it sends like it allows another wallet to control it like like maybe a less secure
wallet but in that in case like you lost all your keys or something like that oh i never heard of
that that's great info i love it i love it these type of uh protections will slowly get us closer
towards mass adoption i mean we hear that term mass adoption but but we have to consider that
it's never going to happen until interfacing with crypto is as easy as interfacing with paypal
and your bank app they don't want to see codes they don't want to see a string of wallet addresses
they want to know that it's a one click easy to go the mass adoption will never happen until crypto
is super easy to use yeah so that's why like um if you're interested in that in ethereum like
i think safe wallet does that like the recovery thing with multisig you can look into that i think
cosmos uh namos is building that i think they're on testnet and archway
and they are going to expand to the chain soon and if you're interested in account abstraction
looking into xion uh because i think they have incentivized testnet right now
so um it's like if you're looking for air drops might be something interesting yeah is there any
false nice things in cosmos sorry what are there any multisig is available in cosmos they cover
like the majority of the chains the only ones that i know that i was going to say the only
team that i know that's been doing multi-sigs is uh territory they build out some uh multi-sig stuff
where you can like territory yeah territory and they're causing laws and laws what about enterprise
on terra what about dao dao don't they look so powerful policy policy
someone's echoing yeah i'm looking for like i'm looking for like a solution that i can use
um you know that covers osmosis celestia cosmos hub stride persistence you know all the main kind of
popular chains all in one ux uh that's coming but it's not there yet it's close we're so close
we're so yeah i agree i don't think that
i think arc is um echoing when uh not on mute but um yeah i'm not just i just cares um
you know what's interesting is uh all these app chains it's it's an interesting experience compared
to theorems um kind of these roadmaps have started in completely different ways as far
as ecosystems where cosmos is scaled kind of horizontally and aetherium is trying to go up
and vertically with l2s and now trying to like do absolute roll ups while cosmos app chains also
start to like try to integrate into the stack and build more into one chain and also bring their
chains together somehow it's quite like for what it's worth i think cosmos had the right idea but
i think the uh yeah there's some work to do with the ux as we all know yesterday i bridged from
arbitrum they have like a a rap tia token about hyperlane i bridge it to neutron and then i had
i bridge it to osmosis and then that just put me in a whirl i had to go i tried to send it to
stride then i had to send it back to osmosis then back to neutron and the only place i could bridge
was to celestial directly to like i suppose unwrap the the the tokenist i think or something
andy or i was a little bit of a situation are you when you're doing all that i mean i don't know i
would assume that squid squid can do all that for you without you having to like do all that work
yourself they don't even charge like any fees yeah you're probably right you're probably right
i think i was trying to farm the hyperlane uh potential airdrop and things there it is that
that explains everything yeah because if like what you just said like i know that uh fig from squid
has all that built out like this this dude legit wasn't like like a surgeon and then he's like all
right i'm tired of doing this and became like a master coder but yeah squid is what's up like
if you were trying to do like anytime anyone's trying to do evm to cosmos or vice versa just use
squid man because it like it's just one click transactions and they do all those like all those
maneuvers that you were just talking about they'll just do it all for you and you know and it works
every single time like i don't know maybe held once or twice but the money the money because
it's it's basically built in cosmos it's always how the code base is it always will go back to
the original destination like there's no chance of it getting lost or whatever so i would just
hypothetically just use them in the future but like if you're trying to do airdrops and they
need you to do it yourself manually then i totally understand why you would do that
and andy you're you're working on some cool stuff here you want to talk a little bit about that as
well yeah just briefly like uh happy to share some things just like doing a lot of educational work
uh in evm and l2s and modular blockchains and um you know very very interested in quite a few of
these kind of concepts with regards to scaling without uh without going back on the core
principles and the ethos of crypto right so trying to figure out like you know how we can scale
blockchains in ways which are uh you know decentralized and efficient and um you know
cost-effective and things i run a uh education company called the roll-up um we do a lot of
podcasts a lot of media on shank tutorials written content research things like that
um you know pretty pretty active in evm land and you know fairly active in cosmos over the last
couple of years been doing it for like three years um you know and i think uh i think there's
a lot to be said about trying to basically be a middle ground in a middle uh way or almost between
like these giga brain developers and and people here like um you know in in space as well as just
in in you know different teams and then like the people that want to kind of come in and like learn
and be a part of these ecosystems so we try to kind of be that force for good uh you know and and
provide people with an opportunity to learn about complex concepts in a
digestible manner so just call your just call yourself a translator that's what i tell you yeah
exactly man because i've been doing the same thing for three years i get like i've been so blessed
and fortunate that i've honestly for the most part have had private conversations with every
team every l one in cosmos and i just picked their brains but i've spent so much time with
these eclectic geniuses and a lot of them are socially awkward they don't know how to communicate
but i i understand what they're saying so then you know i just i just translate it to relatable
digestible language for just the normal person it's it's a very anyone that's doing that i commend
them well first because that's how you move the space forward but it's also it's a it's a skill
it's a it's a good skill to have and you're essentially because that's all it is it's language
you're just translating language to to ways that people you know they're they're talking alien and
no one else on planet earth for the most part understands it except for just a small percentile
of humans so now you're trying to take it and be like okay how can i digest how do i digest this
and how do i think that my audience are the people the normal people how do they understand it and
that's that's what you got to do man you got to use visualizations and just metaphors analogies and
it's it's commit it's great man i i think you should probably pin your um because i i thought
it was really good actually the most i don't know if it was your most recent one but you did
the interview with nick white from celeste i thought it was really good and it makes it and
he did a really good job like he did a really really good job he made it easy man yes like
it's just something i think everyone should listen to because it helps you know it helps
people understand like what the hell celeste is because i get that question sometimes like what
does celeste do i can't i can't wrap my brain around it and then i you know i tell them i
just try to translate it like look like you weren't on here earlier but i you know i i
when i talk about cosmos i consider like a galaxy and it's a bunch of planets and
you know as an investor or just a user and or just a dev or a builder like i i don't think
it's always wise to just have all your resources on one planet because like we're just a bunch of
rocks and outer space and there's a bunch of asteroids that can hit your planet so like if
you were tied up into all your eggs are in one basket i've been saying this forever it's like
even if you're like a real big eth guy in my opinion you should have you should diversify
where your resources are on all these different planets because like if you were just a tara
luna guy all your money and all everything was just in luna like then you got super super wrecked
as opposed to like great about cosmos is we all got hit by it because at the time ust was the only
show in town for the most part so we got wrecked but we didn't get like taken out of the game like
we still have more lives in our video game or whatever like now it's like it sucks don't get me
wrong like we did all this work and we were on level 28 we were on level 99 and it was like we
got reset back to like level seven and it's going to take us forever to get back to level 99 but
we're still in the game and it's like that's how i like to look at things and explain it to people
because if you don't like everyone gets disinterested and one of the things i really
really enjoy about cosmos is it's a more in my opinion it's a more educated audience than other
ecosystems out there and it's no knock on them but when i like tune into any other space it's
all about it's i mean people can do whatever they want they're just having a good time that's fine
but like when i tune into cosmos it's like i'm actually going to learn something today i'm going
to like from everything right and it's like it's more to me that's what i want now if you want to
talk like shit posts and all this other stuff thing probably you don't want to tune into anything
cosmos because not saying there isn't some shit posters in cosmos but there really isn't many so
i just enjoy you know this and then i thought you did you do a really good job and i thought that
that was really you know it was a good space and good it was it's it's worth people listening i
think it was like over an hour or whatever but it's worth your time where did andy go oh i don't
know i don't know oh man we'll try we'll try to get it back but is my echo gone yeah yeah my
echo's gone yeah the echoes all right now okay i wanted to yeah i was gonna say i wanted to offer
andy like uh be happy to come on his thing and and and help educate about ark or or safety you
know safety security in the space so uh if he if he comes back we'll tell him yeah i'll have a
connection problems because i it was like echoing really bad when he was on there so i think it was
it may have been him i'm not quite sure you know i'll i'll ping him uh and i do want to call on uh
musa you you requested to come up here and anybody can come up here and request to speak you know
where this is just an open kind of conversation about public goods with ark and serger and the
cool stuff he's doing and roll up um i see a lot of waiting did you have something you want a
question for one of the one of the teams up here or some kind of input
usa we don't we don't we don't have you i suppose
somebody calling me i'll get it that's the soundboard they got a little phone on there
that's what i do when people just go rogue it's pretty funny you know you waited all this time to
say something and you know where where do you really go it's all good it's a good it's a good
time man this this has been fun i um i used to do uh a space every saturday with with the ride chain
we would just talk about like crypto ai the future and stuff and it was always a good time but he's
my main guest is out in vietnam so it's like midnight this time or whatever for him it's
like yeah i don't expect you to be on your weekend and hop on a space at that time so
this was like a this is a great feeler man and it's uh no man it's always good to talk shop
especially in the weekend because like it's just me i love the weekends and it's like a good way
of getting my weekend started but anyways man i like what you guys are doing ark man i i know
i've been in a bunch of combos with um a couple different teams that have been working towards
like getting a standardization and and fts and all that and um yeah man it's awesome it's cool to
just see in general um just it's insane man like we'll just use uh bad kids for example
the mint was march 11th 2022 and it was like i don't even remember what the mint was it was
very cheap say 10 bucks 20 bucks and now like one bad kid is like over 4k it's pretty insane
i remember that 200 thinking i'm not putting 200 bucks into a cosmos nft right now like during
the bear i was like i don't have 200 bucks to throw at it and and looking back you know obviously
hindsight i'd have been doing very well had i picked up one or two but uh but so it goes
but you're right it started off small and who did they take off yeah it's every dev that's building
in the in the eco has one and it's just kind of like the cultural it's just a cultural thing and
it's just uh you know not financial advice but i still feel like it's this undervalued because
like everyone's airdropping to it and you know it's just it's the it's the vibe and it was the
first nft in in all of crypto that'd be hand drawn and like you know it's just it's pretty
cool so it's it's bad it's bad art you know it's just it's a good the airdrop meta is also big
getting airdrops to communities is a big thing right now in crypto just be aware everybody that
uh not every airdrop is safe uh so be just be careful when interacting with different airdrops
if you're not sure who it is or what it is don't just go trying to buy fell trade with it first look
into it it's important exactly and also don't do anything when you're really tired like well i got
i got rubbed one time on uh so on uh about a year ago i was like half out of it and i had a phantom
wallet at the time it would have been a little bit more than a year ago and i was half out of it
and uh it was like oh yeah you get this free you get a free i it was just a free nft it wasn't even
free money and i was like oh cool yeah because it came on my phantom wallet at the time and i
didn't realize like how scammy things were at the time i just figured like because kepler that
doesn't happen on kepler you don't get like a notification like hey there's a free airdrop and
you you know you're good just salon is dangerous yeah the wild west out there you have to you have
to understand what you're doing in salon or you're going to get wallet drained very quickly that's
what happened man i got super wallet drained i think at the time i had like 15 sold just like
hanging out just chilling oh that's bad yeah they just took it i used yeah i use a safe practice
where i interact with 17 different wallets right now and if i'm buying or selling nfts that number
goes up and down because i separate all my assets into many wallets and the more assets i have
uh the more likely i'll get into multi-sig wallets uh if needed to store long holds but uh
but i never connect on solana to anything with a wallet that has any assets in it ever i have
plenty of hot wallets that are empty to interact with because i have been wallet drained just last
year at least three times but they got point zero one solana each time because that was the scam
for the free mint whatever that drained everybody else who did it uh of all their assets where you
know if they didn't have a safe practice so connecting yeah it's it's terrible it's terrible
we're having so much fun degenning and buying and selling and then somebody drains you and it's like
it could ruin the whole experience for the rest of time for you so oh yeah like i felt terrible when
that happens to people you know like it seems like a lot of people are more educated and it takes us
all to help one another but you know when like a couple years ago like telegram it's still you
know there's still a bunch of scammers out there but like now it's it seems like in in general
people are more aware of it's like hey if you get a random dm it's not going to be the administrator
it's not someone from the official team it's gonna and people still fall for it it's sad people still
do and telegram is dangerous you can't telegram it's super dangerous you can't protect everyone
i guess there's always going to be lone people there's always going to be uh people like a
wildest wounded or whatever i guess new fish there's always going to be new fish to scam
unfortunately so we got to try to educate people quickly when they come in but um you know like
solana on telegram you have these bots like i use bonk bot for example and there's a lot like it
out there i just put in a coin address for any any coin and i click to buy it and and then boom
how much soul i want to buy with and then just does it instantly it's like a sniper
it's not exactly a sniper but it's a quick quick transaction bot but understand that every time i
make any gains i take the money out of there i do not trust that wallet i consider that wallet
a super hot wallet because it was created for me in bonk bot on telegram and then my my private
keys are given to me there only once and then after that it deletes it and it's gone so i think
there's a way to get it still but anyways point being is there's a lot happening there's a lot of
moving parts and you gotta use you know you gotta just use your use your head and and yeah when
you're tired it's the worst time i did a transaction recently when i was tired i did a 300 dollar
usdc purchase and it didn't go through it failed and i was like i was clicking real quick like just
do it and it turned out that usdc for like two minutes on that amm somehow dropped to 91 cents
and i lost i bought 300 i got 275 worth of that coin or whatever it came to and and then within
like like less than a minute boom it went back to a dollar it pegged itself so i was like so it
didn't depeg necessarily because of the way amms work on their curve they just had a shortage of
of of something in there which caused the the value of usdc on their amm to drop and i wasn't
paying attention and that's a quick 25 loss and for me i don't like to lose 25 bucks yeah they're
totally there's a lot of that in that in this space but we just got we just gotta eat it right
the general public is will be kind of pissed um cost no sauce that's the truth but you know us that
have been here a long time are being rewarded for being here i got the wen airdrop on 11 wallets i
got the juke airdrop on 10 wallets uh because i interact with so many wallets uh and that equaled
about four thousand dollars and not to boast about how much but i mean and i wasn't a big
user i know people with huge allocations like but for me four grand just handed to me after losing
you know hundreds of thousands in luna it's a nice feeling to be like hey thanks for sticking around
thanks for being here thanks for supporting during the bear here's some money that was a great
feeling to collect and claim all that yeah totally you have a lot of builders in this room i can see
them that were big into luna and part of why luna was successful so you guys keep bringing up luna
it feels like getting kicked in the nuts uh half a dozen times but like we should be used to it by
now but you know it's it still hurts now doesn't it people listening um whatever doesn't kill you
makes you stronger man yeah totally oh yeah we were in the dpeg you can't hurt us now yeah i do
want to kind of think of rio though who's been sitting here very patiently do you have something
to jump in on yeah people requesting to speak but they have nothing to say maybe they just want to
come up here and hang out with us it's all good man we're here to hang i think i think with luna
the main problem is you know it actually damaged like the actual defy users a lot like you know
when ftx happened and other like um centralized exchanges happened you know it's of course it's
bad but inside you're thinking okay you know they should have known better like you know we have
defy it's like um it's not a centralized service but you know luna was all like basically defy
degens that that got hurt the most so i think um uh and including myself so uh i think that was
much more damaging to the space than actually even even a bigger exchange getting hit yeah because
the exchange was theft luna was manipulated destroyed and we were all riding that wave
and it was feeling great and the utilities were fun and honestly i had spreadsheets and i was
working on on investment uh strategy to really go big right before the dpeg and like many were doing
so it was it was very painful to watch go watch it go to zero in two days and it was even more
painful to enter my wallets into these tracking programs that are available online for it to show
me how much it was worth at the peak because at the peak of my wallet i was halfway to retirement
now the upside is that i started with a very small amount of money so it was all unrealized
unrealized gain unrealized loss i have more money in crypto than i started with four or five years
ago and i have not put more in so for me it's uh it's been just a really fun ride you know it's
money if you can't handle it then don't don't go big but uh but you're right it definitely damaged
it hurts so many people and people left the space and are just now trickling back in realizing hey
stuff coming back yeah i mean you're you're old enough to remember like that's just how tech is
man it's really speculative i remember like even like amazon going down like 60 in one year and
same thing with microsoft and just kind of kind of is what it is because most humans on planet
earth just do you know i understand how technology is of what it does how it works and why it will
work in the future and benefit humans and all that other stuff at the end of the day and you
know not too long ago people thought the internet was a scam and everyone was saying oh the internet's
a scam internet's a scam it's for weirdos with all that's for the list of activities and then
you just like rinse and repeat and it's the same concept and same theory and thought process and
thesis now it's like oh you know bitcoin's for money launderers and you know it funds terrorism
it's like you just it's the same shit it's just like it's like 20 years later right it's just
like but yeah first they knock you then they join you yeah exactly so it is what it is i mean
well those sound i think i think rio's hand is back yeah that sounds great
you're alive what's up man hey guys can you hear me
yeah yes sir we hear you okay great hey hey so man i'd really love to pick your guys brain on
how to get usdc from salona over to the cosmos i can't find a direct route other than going
through a sex just use they have a they have a bridge to wormhole so no no they're uh are you
sure usdc can go through wormhole no you know what is i don't think there is there's a couple teams
building ibc from uh salona to the cosmos the only thing that i know is change now do you guys
know that website change now wait which route are you using are you trying to do
i want to go usdc from salona to anywhere in the cosmos don't even matter okay so i'm not sure
about usdc specifically but what i do is i have to swap the usdc to salona the reason why i do
that is because there's salona liquidity on osmosis so i take the salona well take the usdc
on salona swap it to soul right you have soul on salona then you're using wormhole to bridge
the soul on salona to wrapped soul on osmosis then from there you can then swap in the osmosis
liquidity pools to any assets of your choosing um what a pain in the ass yeah that's the route
we're not there yet we're not there yet with salona what you could do to make it real simple though
is just swap like he was saying just swap with the soul go on osmosis click deposit and it'll
it'll just go over to it'll just go you don't need to worry about doing anything else besides
yeah if you want i do a lot of work in the salona and i want to be i want to have a fast
uh stable coin route where i can go back and forth and we're just not there yet and i'm just
well does axler what about no no axler doesn't do it it's all evm i think i think cosmos is too
worried about evm i mean you guys are probably building right now dude there's people it's gonna
it's not going to be much longer pakasa is building ibc to salona and to anything in
cosmos like it's not that much further away it just takes time man like it's just it's
sadly that shit yeah no no i hear you i i think the focus shouldn't have been on evm to be honest
with you it should have been on salona i think you should uh skate where the puck is is going
not where it's been yeah i agree i agree with that at the time though when axler and everyone
was building like salona was at like eight bucks too though you know what i mean so it's like i'd
kind of understand there was like at the time salona was had a very bad reputation although like
people here have always liked it well one because it's rust and it's quick and it's it's just not a
high you know high fees but yeah i agree that maybe i think it wouldn't take much for someone
to be like look we're gonna do a usdc usdc poll on um on osmosis and it's gonna just be
you know usdc slap you know basically salona version of it and it's just gonna wrap over and
it's just native usdc on cosmos because we have circle you guys have circle so it's like why not
just have a fucking pool that has it doesn't even have to be much just like 500k worth so people
can come over and there's no there's literally zero slippage just like right now like you can
bring usdc from evm you know and come even like from from uh yeah at evm to osmosis and there's
zero slippage like you can you can do like 100k and it'll be 100k like there's you don't lose
anything maybe a couple pennies i don't know but it's not anything it's like yeah i agree
that needs to be a precedent i do know that i was talking to uh the composable team and i don't
think it's much further away where it's gonna be a reality for for just like it won't even be
wormhole it's just gonna be native ibc basically just boom right through so that'll be pretty cool
yeah looking forward to that just you know i've messed around on a bunch of different blockchains
and i see uh you know what salona is doing with their cell phone and and that's going to be such
an easy way to onboard normies or retail whatever you want to call it and uh cosmos needs that
pipeline you know because i don't to be honest with you guys i don't see uh cosmos doing anything
they to to get outside of crypto and onboard normies other than a cotto you know but it's
still it's it's not you got to be a little technical to figure all that stuff outwards
and salona you get that cell phone and and you're in right you can start doing stuff you know you
have a wallet embedded within the cell phone and that's tits that's that's good stuff no yeah it's
i mean i i just that's it's a home run that's or that's a grand slam you know that i agree man
that just opens the floodgate yeah i've always been a bank salon again that's the only thing
that i'll pretty much that i'll spend time and focal and like see what's going on because i'm
just the rust guy like it's just the better it's just a better experience you know it's more
smooth and arc was we before you came up i mean we spent probably like 10 15 minutes talking about
salona for a while you know so we're we're big i've always liked salona because i just me too
the way that i do things i just like good experiences and there's no one that's going
to be like oh that was a shit experience on salona and let me go over to edm and go do
something over there like it's just it's no knock on edm i i do stuff on edm as well but like no
one's going to say that unless you're just being naive like you're just lying to yourself you know
so there's that so yeah i agree yeah i'm i'm with you i don't even mess with evm anymore
it's just salon on cosmos for me and that that that tins or marketplace at magic even marketplace
is so good i mean that's so good i i hope we can get something like that over in the cosmos
stargaze is good but man when you play around over there on on those two uh
anti-marketplaces it's like wow it feels like you're in the future
i wanted to chime in real quick because you mentioned salona and uh the the saga phone right
so what's actually interesting and the the salona co-founders have talked about this for
they drop it here and there right and uh the tech on the salona saga phones uh for the seed vault
basically it's it's an encrypted vault that uh is supposedly securely storing your uh seed phrases
and whatnot for wallets um technically it's actually chain agnostic so even though they're
kind of spearheading all this and most of the dapps or pretty much all the dapps are all salon
and native uh there are some cross chain dapps but they're mostly like what maybe like the mine
finance wormhole bridge for example um so they've actually stated that other teams from other
blockchains can come in and actually start developing dapps for the uh saga phone and so
i think there's an opportunity for the first few teams to start building there and get some really
good cross chain exposure i don't know if anyone's been doing that yet but i think yeah i think a
clip is doing like sv uh svv or excuse me svms i can talk right now svm so like you can deploy
either way so pretty soon you'll be able to be you know someone just the salona dev and
build something natively and cosmos or vice versa so that that would be something to look forward
to and i don't think that's too much further the dude's name is neil and he's i think i talked to
him a couple years ago they've been working on it for a while so i don't think it should be too much
longer it seems like stuff like that takes like two and a half years and you were seeing that
right now like dimensions are going to launch and i know that's that has nothing to do with
salona but that's usually my timetable and people like oh yeah they tell me some idea
like two years ago and it seems like okay now it's all starting to come out right now so
i would feel pretty good that it's probably going to happen within no longer than by the end of the
first half of the year i would i would probably say all this stuff that we're talking about is
going to be there so that'll be cool and that's that's what it's about would be amazing it's
it's a game changer guys i mean that is a game changer we're what one trillion market cap or
something like that we'll go to 10 trillion we'll go to 10 trillion with that just the ability to
give normie's a cell phone where they can start doing defi and nft's and all that stuff
it's going to be insane and then it sounds like you guys uh work in uh web 3 man imagine going
from one to to 10 trillion and then all the jobs that open up so is anybody thinking about or
hopefully you guys are thinking about getting a job if you're spending your saturday
i was in this space getting a job in web 3 because it's it's exponential job growth
there's so much money that's going to be flowing in you know i think i think most people here
recognize that fact uh this is definitely a great place to be for growth i agree 1000 percent
i'm a big solana maxi in addition to being on the cosmos in addition to being on h bar which is a
super secure platform uh that you can't even airdrop to people anything you can't touch their
wallets you can't send them anything until they've approved that contract but uh but solana and the
saga phone was such a i have mixed feelings but it was such a great thing it was great for the space
my mixed feeling is on their v2 that in my opinion was a major cash grab they gave zero information
and sold 40 000 units and climbing no information on what it is or what it's going to give
but the saga community at first was super close tight knit and if anybody's in the saga server
right now the solana mobile servers you see that the community is not really paying as much attention
anymore to any of the drops or any of the projects simply because it's just too many people trying to
get in on the saga community as far as their projects and it super diluted everything and
with the disorganization of the project itself or of the servers it kind of led to them dividing
the community more than uniting them so uh between the v2 coming and and the saga phone great for
for like you said for noobs to onboard them great for interaction but the benefits to the actual
phone holders because i have one the benefits to us phone holders is gone in my opinion i don't see
a big benefit moving forward from here mainly because of the v2 and and the lack of unity in
the community but but didn't you get airdropped for v1s that like basically covered your bases
oh and then some yes yeah i mean it's paid for itself which is great uh don't get me wrong like
i said mixed feelings i'm super happy about it but i was hoping that it was going to be like
imagine a community of almost 20 000 people that that was exclusive because they said there
wasn't going to be a v2 but they saw how much money could they could get in my opinion it was
oh let's let's get this money and build something bigger uh but the benefits you can't benefit 50
000 people 20 000 is hard enough but imagine a community of 20 000 united people they could
make or break the space they could become a the most powerful dao in all of solana and if you know
solana to be a powerful dao in solana i mean you got dows like like for example boogal i i don't
remember the price of getting in that dao but it's like tens of thousands or even hundreds of
thousands of dollars to get into these dows that are strong so i thought that saga could have become
something super strong that's just my opinion i think it still is going to i'm actually in fact
i'm i'm on that uh you call me a test dummy or whatever but i'm i'm getting v2 because i was
gonna get v1 i'm just not an android guy my ios guy but i'm like i'm just gonna get it just to
have content and just to check it out talk about it and see how it is if it's shit i'll tell people
it's decent i don't use it as a phone it's just sitting here but it's a decent unit it uses this
typical google pixel interface so if you have a google pixel it's the exact same interface so
it's a decent phone well i like how we're okay with just like decent like it's just bad man it's
okay it can do so much though it can do so much so it's not just okay it's an okay phone but it's
an amazing access to dapps and it's an amazing device for for benefits yeah no i totally get
that and on the topic of you know just mass onboarding and mass adoption like what are we
what are we actually missing like we we've said a little bit about you know we got kata we got some
ramps uh interoperability is still you know we're still banging away on it on multiple fronts
whether it's ibc or ics or you know different bridges like what are we actually missing here
i'll let jordan go after i just say i'll just answer that real quick but i it is it's just it's
just uh options like i know a lot of us here would want you know it to be real simple and
account abstraction just to be able to use an email address but just like having like a robin
hood account and being able to do like all this stuff and people get a disclaimer you know like
you set up your account or like look this is the least secure way this is the moderate and this is
like the really you know us like what we do like all the precautionaries just so like normie can
be like oh yeah i want to do this and or maybe someone builds like a like you know okay you like
to use your chase bank application but you know what this team over here is going to tap in and
build some sort of ways for like your user base to be able to get access to bitcoin or dfi or
whatever it's like stuff like that random shit like that is where you get all the people in
you know it's just like hey this is this is an availability this is an option for you i don't
know like how long that takes you know it's probably not going to be this cycle and maybe
maybe not until next cycle i don't know but it'll happen man it just takes a long time i just look
at like the the users from like the internet told you know like shit look up think about it right
the technically the internet has been around since i think 1969 and you have a lot of people
right now even americans like they still barely use the computer like oh i'm too old to use the
computer like so like think about it it takes time i mean go tell your your parents or your
you know your younger and your grandparents are still alive and try to have them use like anything
on the internet you know it's like if you're like oh yeah do this they're like i don't know how to do
that so this is like a way to even do more but like i think there's more options because everyone
has a smartphone for the most part on planet earth so like everyone technically can get in the game
now i i just don't know in tech always it always amazes me if you put some sort of timeline like
oh this is gonna happen it's it usually beats your timeline so there's that as well um but yeah
account abstraction man just making it easy for people to even get into the space because like
most questions you get from people is like how do i begin like what do i need to do whether that's
even just like a traditional web 2 builder or just someone working in business right like
we were talking earlier there's a substantial amount of opportunity in this space and it doesn't
matter if you can write code or write lines of code it's just there's not enough people to like
help so like there's so much opportunity but you need to be trustworthy you need to be accountable
and you got to be a hard worker man like i people reach out to me and i'll give them opportunities
because i just see them around all the time i'll give them opportunities where literally
they can make money like bring in a monthly pay just to help out in the space and they're
just not accountable and like they're lazy they you have to have a good worth ethic and it's not
as easy as it is like oh i'm just gonna wake up and make money doing stuff in crypto you've got
to be you got to be a grinder and um but if you want have that mindset you want to continuously
learn and grow and help and be trustworthy respectful like the sky is the limit in the
space so there's that as well and that's what's cool about this space because it doesn't care
where you live or what you believe in your background or any of that stuff you just got
to be a worker man and the sky's the limit so who knows i'm ranting but this is a good time
i you know i can add something to that i agree count abstraction
the other thing is uh the youth drives new culture right so how do we capture the youth
and and i'm gonna date or i'm gonna sound uh like an old man here but i don't know if
this is the case but i'm just giving an example you go after somebody like taylor swift
steph curry uh named the professional athlete or movie star or singer or whatever
and and they drop their nfts or their you know whatever whatever their memorabilia whatever it is
on a particular blockchain and make it easy for youngsters to just open their phone and and
interact with with someone like taylor swift i think that just that starts the fire like a
you know grass fire and turns turns you know and a big smolder so something like that if we could
you know if there's bd teams i'm sure there are but working on
professional celebrity or professional sports or celebrities and going after the youth
then then every in my opinion everybody else will follow because they'll see all the energy
and excitement behind that hey if i could jump in i'm gonna go ahead and agree with you 100
but i'm also going to point out the fact that a lot of those celebrities that already did it got
sued by the government the government put a stop to that basically they want those famous people to
know not to endorse crypto uh because the government stance is still slightly anti-crypto so
although i agree with you with the sentiment the you know think about like kim kardashian uh she
got in big trouble uh and some other famous people got they got in trouble they they were told to
stop so and they're worth a lot of money they're not going to risk their their big pile for the
fun of degenning uh because they're just not they're already have what they want so Taylor
swith has a she's a billionaire like she doesn't yeah she's so rich she doesn't care but uh but
yeah if we could get endorsements that'd be great so but listen guys i gotta i gotta jam out this
has been so much fun i hope we can do this again i'm sorry i gotta cut out a little early i don't
know how long the space was supposed to be but uh i gotta i gotta go take my kid to you you're
good and stuff yeah that's the good it's long but we're just we're just arriving you know we're
probably gonna wrap it up anyways i got some stuff i gotta go do anyhow in in real life you know
that's me right now so
did we lose him yeah i think so he probably got his his
he probably got off of his wi-fi or something that's kind of how twitter is it's like you
disconnect your wi-fi you're just rugged but no man i'm cool if anyone has any closing thoughts
um i think he wants to come back up and say it's goodbyes yeah we can get some some closing
thoughts from everybody um we got a lot of cool projects that uh you know are building public
goods here and that are just you know we're trying to bring you back up yeah okay he's back up
i think you can hear you guys but ark either give him a second
it says requested and then i can't even do anything
i i got one uh closing thought it was great to see carter get promoted or put on that
out of economic zone he's a sharp smart guy you listen and talk he gets it he gets crypto
he gets privacy he gets sovereignty that guy's that guy's good man so uh good job uh on the
people that got him on that yeah carter's a good dude man i go i actually uh for anyone out there
i'll show him he has a really good book i mean people should be promoting this book for entry
level it's not really like a high high overview of you know the technicalities but it's like a
really good foundational point i can't even think of the damn name as i'm looking for it right now
in my in my office but he wrote a book it's really good maybe i'll have to find it and post about it
i have in the past but no he's really good because he went to school um for economics too so he
understands kind of how things work from that sense and that's that's like what my background
is in it as well and it's good to have that perspective but also know how to you know talk
tech jargon and want the best for the space so i agree carter's a good dude
yeah they made a smart pickup pickup with that uh just google his name just just just google
carter's name and you'll find it i swear yeah the book's called like building confidence in
blockchain i think that's what the title is i just can't find the book it's it's in my office
where i'm just unorganized right now is it like something or what's that is carter's book listed
on amazon it should be okay yeah it's a good book nice yeah carter's are a really dope person like
he's uh he really knows the stuff and uh so skybridge 20 they backed a shade protocol on the
seed round and um i but i was like whoa i totally did not see the uh the adam and accelerator
uh advisory board announcement i didn't see that coming but i mean well deserved for him
and i think uh he's one of the best uh to be appointed over there so i'm excited to see what
he can cook up along with the rest of the board yeah totally um one of the brightest of the i think
the next generation of builders so super jazz for him um and yeah any closing thoughts we'll
kind of wrap it up i know we've been going here uh pretty long but we'll be doing these spaces
pretty regularly they'll they'll be on tuesday usually um pacific standard time um in the evening
but any closing thoughts on public goods where we're going what do we need
to build and fund and then we'll we'll get everybody out of here
i mean i'm good man go ahead jordan i i think we're on the right track just from
just me being here nearly every single day and seeing the slow but upward trajectory on
just the usability and just like having a more just a better experience like it's just more
smooth and everything's working man like i talked to so many people that are building everything
that we're any complaints that we have man these these devs know what we're complaining about
because they're using it too and they want the best for us and i i always look at this space
regardless of any hurdles or obstacles or what naysayers may may have to say that i believe
this space has the brightest most brilliant human minds in the in the world and they're
all they're all in this space and it's like they're what's what's great about engineers
like you give them problems and they just solve it and i just have faith in that so it's like
i know they're gonna figure everything out like all any issue that anyone has whether they're
just like governmental but it's just just anyone i don't still figure it out and that's just what's
great about tech man and what's cool is like we could actually be a part of it and be in early and
you know stuff launches like you know you just look at everything like celeste it was like two
dollars it's like a little over two dollars the last mess is not too long ago so it's cool to be
a part of like the ups and downs and the the avid flow of the space and i just like appreciate
anyone that came up today and talked and listeners and anyone that listens to it afterwards so shout
out to all of you i couldn't have said it any better myself uh so you know everyone's kind of
said their piece you know you can go ahead and and and you know finish up this space don't forget
to like and follow the guys that are up here people that are up here building some really cool stuff
uh and again we'll be doing these things pretty regularly um but i appreciate you all coming
nina quite as in here a bunch of cosmos people uh thanks for coming um come and join us next time
and uh you know enjoy your saturday go touch some grass or something that isn't in your house
and uh we'll catch you guys next time thanks a lot appreciate you all take care everyone