Crypto Tokenomics q&a

Recorded: Dec. 18, 2022 Duration: 1:48:24

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How fun is this music thing? Is that final fantasy 7?
I have no idea. It's default. It just started playing music and it got me in this really nice mood to start this basis. Yeah, it feels like Final Fantasy VII when you have to like choose your weaponry and your loaded
out. It's like, ooh, what should I do for your loot out? Yeah, oh, I never told you this. Oh wait, yes, I did tell you about the guy that did the soundtrack for
Assassin's Creed that I met in Miami.
This industry is full of talented people. It's crazy.
in a different life.
I will make the lobby music for like Nazi zombies. Call it duty. You know what I mean? Yeah. It's like just on loop, but it's so entertaining. It really gets you there. Not Nazi zombies. Okay, two things that you're allowed to hate. You're not allowed to hate anything anymore, but you can hate Nazis
you can hate zombies. That's a really good point. Wow. Nobody's gonna be defending them. No. No, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no#
CBS Sunday morning as a family. And then like immediately after that, we were just able to shift right over and watch a heck of a soccer game. I'm not a big sports ball player person, but that was an incredible game. They're calling it the greatest FIFA World Cup Final of all time.
Wow, I'm glad I picked that one to watch. I've never watched one of those before. Yeah, yeah, I think you know, I would I used to be an A said one time like I know where this is recorded or whatever but there's somebody else here, but I said one time like you were like Like you don't like to watch sports, but I was younger I didn't like to watch sports, but the old time I get the more I#
because like the last second play, you know what I mean? - That's a really good point and maybe that's why some people as they get older, they don't like to ideate anymore because they can't but they like to watch other people do it, I guess. They're excited about startups but they're frustrated if they can't do it. I don't know.
Shark tank. There you go. That is exactly what that is. They can't have a start up themselves, but they can pay for someone else too. Yo, we're gonna wait for Rebecca to start this stable coin. Talk. Absolutely. Okay, cool. We gotta listen to what a BB.
Maybe we can come and listen or not. It's all good. Maybe we can chill. Yeah, we're going to be talking about stable coins, how they work, why they depag what's
a deep peg that type of stuff. Kind of like how do you, what are the future stablecoins and then we're going to talk about like tokenomics in general. That's the plan stand. So what else is Joe? How was your weekend?
It was pretty solid. My dad sings in this Acapella chorus group and so they had their annual Christmas show yesterday. I was very wholesome to go watch that. It's very nice. It's fun. Yeah, that's fun.
Lane pretty low. Weekends go by really fast. You know? It's weird. I hear you. Yeah. It's weird stuff. I'm a... I started planning out a outside gym. Monkey bars. Yeah.
We're going to build that. That's Joe and I'm on Twitter spaces as well with one whole listener. Yeah, we're on Twitter spaces. You can join too if you want to. Is that Tati? Yeah, Tati. Yeah, I'm going to get you a salad. No worries. Let's start Tati electronics with Tati. That's a good podcast.
Yeah, Taty almost quit crypto when she sent the USTC from the Phantom wallet to her coinbase address. But like now finally coinbase just released it like they're going to be allowing. It's not out. It's not out. It's like maybe for 20% of users. No way. Anyway.
So like QuintBase only supports a couple of different networks and Phantom isn't one of the networks that they support. So she sent USDC back to an address on the Phantom network and then QuintBase is like, "Oh, yeah, it's gone. I wonder how many times that's happened for exchanges." So here's my first question.
Brian, when you say it's gone, I know for lack of a better term it's floating around the ether. Where is it? Well, it depends on if that address has been created or not, right? This is the exact mechanics. I don't 1,000% understand.
But I know if you don't create the wallet on that chain and you send it to the address the transaction should reject Right like wallet does not exist right it should yeah, yeah, but like what a lot of the programs do now will take a lot of like like Metamasker near when
whatever is like when you create a wallet, it'll create a wallet and your encryption key. I mean, it's not like your encryption keys don't stay the same. Your wallet and encryption keys are the same across all of the different things. It's just like how it works. So there's a wallet that sits on the Phantom network.
that you know, 30 cent

FAQ on Crypto Tokenomics q&a | Twitter Space Recording

What got the speaker in a nice mood to start the basis?
The music that started playing, which sounded like Final Fantasy VII.
Who did the speaker meet in Miami that did the soundtrack for Assassin's Creed?
The speaker met a guy who did the soundtrack for Assassin's Creed in Miami, but his name is not mentioned.
What is the speaker's dream job in the music industry?
To make the lobby music for Nazi Zombies in Call of Duty.
What did the speaker and their family watch on CBS Sunday Morning?
They watched it as a family, then shifted to watching a soccer game, which was called the greatest FIFA World Cup final of all time.
What is Shark Tank?
Shark Tank is a TV show where people invest in other people's startups.
What is the speaker planning to talk about with a group on stable coins?
They're planning to talk about how stable coins work, why they depag, what's a deep peg, what are future stable coins, and tokenomics in general.
What did the speaker do over the weekend?
The speaker went to an annual Christmas show that their dad sings in, for an acapella chorus group.
What did the speaker start planning for?
The speaker started planning an outdoor gym with monkey bars that they plan to build.
What happened to Tati when she sent USTC from a Phantom wallet to her Coinbase address?
Tati almost quit crypto because Coinbase does not support Phantom network, so when she sent usdc back to an address on the Phantom network, Coinbase rejected it and said it was gone. It has been released for 20% of users now, as per the speaker's information.
What happens to crypto that is sent to a wallet on a network that hasn't been created yet?
The transaction should reject and give an error message that the wallet does not exist.