end of the year is kind of crazy, you know, especially in the design of the business. Don't seem to stop and put family encounters and people don't stop and you want to meet friends who come for your town for holidays and that kind of stuff. So times gets a little
short these days. So, how? Just want to say good morning, John Kryptonita, how you doing, friend?
GM friends, GM friends. I was actually thinking the same thing as you have said. I miss you guys, I miss our meetings. I don't like this, like this pacific time. I want to work. So I was just thinking that I miss you guys talking
like planning things and building for next year. So yeah, I'm excited for a 20th and 3 and I really do hope that we we decided to continue
our meetings because yeah I really like when we do our meetings and talk like you guys always have a great idea so yeah next week I'm excited for our first meeting of 2023.
Yeah, it's coming closer man. Monday is just up there. A new year with it. Kind of excited. Seems a lot of good things are coming to an iffy this next year and I'm glad I'm working on this project. It's amazing man.
Now it's nice to use that from you guys. It will be a great journey next year and yeah a lot of things to happen and a lot of things to unfold in the ecosystem as well. I just went to tap into we always
see another day, another story, but at the end of the day we sometimes just evolve some things that we were talking before, so just stepping into some things that we talked a lot of this year about
about fdx, about what's happening in the ecosystem, how the legal sector is integrating with the smart contract sector, I'd say. And we talked a lot about this in the last spaces. But I would just want to tap into the latest
of FTX just real quick. Here we have FTX Japan doing some rescadling, some refunds of people that were using
users of FTEX Japan specifically. And Bahamas, Securities, Autoritus also said that they hold more than $3 billion in FTEX assets, something like that.
things kind of getting better right now how do you see this situation could you that is following more the dev tech skates
Yeah, I mean like that's great for customers that's great like they all these people want is their money back they basically don't care about like what's happening with Sam I imagine like if they're there money or with with them So that's a great news. I really do hope that
these follow through like this people get their money back but like I do not lost any money to FDX so I really want the people that made this mess like pay for what they did so
Even though that's a great thing to happen, I want more. I want these people to not try to make more scams. I don't know if you guys saw, but a day after his death was released, I saw
picture with him and his father on a first class flying to Bahamas probably on a first class and that man how can that be possible man like same lost everything like their parents paid like more than 4 million
I think for begging him out, how can these people have that much money? That's a thing that I want answers. At the same time, that's great for customers. We cannot stop on that. We need more.
Sure, of course, we already have 3.5 billion holded by Bahamas authorities, but there is at least 4.5 billion as well that is missing out this in this map. So it's basically
still unfolding but yeah this is I'm happy to see the the situation is not worsened and is getting a little bit better just happening to exchange this for a little bit we had a carrywood
buying some coin-based stocks, 5.5 million USD dollars basically worth of coin-based stocks. She made this through our investment and yeah basically I think that
have things are being in a good day today for if you are exchange, just centralized exchange because we have this semi-refunding movement of some of the money of tax customers and now Coinbase
I don't know if I agree with that. Like, quite a lot this year. I saw it yesterday.
they are charged that saying that if you had put like a $10,000 on different assets, crypto assets and traditional assets in the beginning of the year or last year, you would have like if you would put like $10,000 on Coinbase, you would have right now like less than a thousand. So things are not
that's great for Coinbase and that's okay because we are in a bear market, that's what happens. We are just focusing on Coinbase because it's the only... I guess it changes that had an IPO on NASDAQ. That's why we are focused on them. But it's tough.
It's been a tough year for everyone. My base is not excluded from that. But yeah, I don't know if that's a great investment. I definitely would prefer by Bitcoin or some other crypto currency than other exchange. But hey, I'm just a guy. I'm not a huge fund and I'm not arguing this.
Yeah, yeah, sure. Think about Coinbase that they suffered a lot because as you said they were on one of the fuel that have their capital open for the poor stock market and
their stock are liquid, their equity is liquid, more liquid than other assets, so they devalue it a lot and they didn't have a blame on all this FJX mess, so that's something that was really sad
to see it being done to Coinbase. Coinbase didn't have fault on this crisis and they suffered one of the players that suffered the most because of the liquidity of being the same sector and have the liquidity of their stocks.
So that's something that I heard a lot and yeah, I expect I see going based as a player that is not a bad player a blood actor in the space so it's it's interesting to see them being helped by
I'll be playing this space. But yes, we are here to to to advocate for defy always not centralized entities because we don't need to trust in good in good faith and this in this actors to be good are bad actors. That's something that we need to make
But just happening to DeFi and what is most innovative in this space and what things is being promised for next year, we had a defined recap of this year. I read a little bit of it.
just scan it and I saw a little bit of things I remember stuff that I didn't remember anymore because they were hype it for a time and I forgot totally forgot stuff like Olingpuss dolls stuff like that but for you Quitting
Yeah, defy 2.0 you remember that yeah You lost money on that yes, of course, but yeah, yeah, we need to talk about
about this. How is things happening in what is innovative in in defined nowadays and what to expect for for next year and what things that what models do you think that they are they are totally
6 feet in the ground, they are totally, totally, totally dead, they are models that will not try anymore. Do you have this kind of view of next year? Yeah, definitely, definitely. Yeah, and it's awesome to see, even though we had, I actually didn't remind you.
I wasn't reminding of Olimpuzda when all the other fours that have it, I really thought that this was last year. I'm lost here as usual, but it's awesome to see that at the same time that Olimpuzdao merged and became a big thing. We had other awesome products like GMX that basically
It's still exploding and still a huge thing on crypto. I'm just pointing out some protocols but it's awesome to see that at the same time some protocols failed. Other ones became a huge success. That's an amazing thing to see and to follow through.
Yeah, definitely I I believe that some models are kind of fatigued one of them arm of course what we
use to call defy.bo. They are kind of stressed out and yeah Hermes wants to go up.
Hi, I'm a star doing morning guys doing great. What about you morning? Just fine. Just fine. You had to comment on defide you to point. Oh, my friend. Yeah, I don't know many.
I don't know if we are just like desperate for opportunities. It doesn't seem like something that new or that evolved to be honest. It seems more of the same.
Yeah, it's cool to see that the beginning of the year we are all looking for some basically impossible to exist here. So some farce of Follin Puzzahoe had basically more than a thousand percent here.
API, if you want. Amen, that's freaking impossible. So a thing, a cool thing that emerged, it became a big thing these years, is a thing called real yield. So not this, like more than 1000% yield, not some ponzinomium.
But you know, it's not that huge, but it can happen. You're not putting your money, praying for it to not explode. You're putting your money, expecting to receive back some youth from the protocol.
from 2022 that I really hope that continues because even though I participated in some of this bullshit, I knew that it was all thrown in the end. My money could not get that much
of field in a single protocol. So yeah, real wild is the thing. I really hope it's a seed and ponzinomics are here to stay. Like they are not going anywhere. We are just have to be smarted each day to try to not put your money on some bullshit like that.
Yeah, believe that, like real yield is the only defy that we need to be honest. Other than that, we are just looking to like, how would I say,
You got to enter in the right time and leave it in the right time. We have more complex tools being developed. NFTs defiers are coming this year probably and it will
certainly be huge. I'm very excited to see how it goes and I'm also very excited to see like the heel, heel, heel being like the flagship of the DeFi next season.
Yeah, I think that we had some good rides on experimentation this year. We had a lot of things due, a lot of things that crashed the market, such as Luna. I think that we don't need
The thing is, we just can't take all these good things that are solid in this space by now for granted.
We can't take UNISOP AMM for granted.
have a LAMS protocol, LANDEMBORO PRODUCAL. These kind of protocols make her down. They are here for a long time and they will be here for a long time as well. The time has been
has proved this and this is the most important thing. We can't take this for granted. They were experimentation. They were doing something innovative and they succeed. It's not easy to
And the thing is, when you see a lot of things happening in the ecosystem, we always think maybe this can be true, maybe this can help the ecosystem, maybe this can be sustainable.
Sometimes they are not, most of the times they are not, but it's important to do this kind of experimentation. I remember talking with Kuri about Luna and how it happened.
We were coming to an event called Blockchain Rio and we were talking that the stablecoin panel got very very interesting from day to night in a couple days
Things got interesting one of the most barry petnus stablecoins Just for a couple days turned on the hot topics of the entire event so it's it's kind of that we don't
When to take the FI as granted. We have such basic layers that are built on so much experimentation. And we need to praise the experimentation that worked.
Because at the end of the day, they are really revolutionary. Basically, they are relatively disruptive and they worked. This is a combination that's pretty rare. Do you have any thoughts on that?
Sorry friend, can you repeat the question? Yeah, about the experimentation defy what what is the limits of experimentation in the fire? I don't know if you guys will agree with me, but I don't think we should have limits like I think everything should be built to be tested like
We three years ago we didn't knew anything about NFTs basically and now it's a huge thing. Three years ago we didn't knew what dolls were. So I think the things should be tested. We are on a young consistent, we don't know what's going to work.
what's not going to work. So in my point of view, everything should be tested, like this post-enomics, it should exist, like why not, man? Like if you want to put your money there, man, it's your call, right? I cannot blame anyone that I lost my
my own Olimpo's down in his thoughts. It was my choice. I decided to put my money there and try to get some huge yield in a month. So I was being greedy and that's my fault. But I really think that we need to test things out.
We are one of the biggest promising ecosystem in the world. We don't know things like trying to understand things. That's one of the reasons I don't like people that call themselves specialists. Nobody is a specialist.
trying to understand everything that's being built and at the same time like we cannot everything understands everything like we need to focus on something because in the end of the day man there's a lot of things happening there's a lot of protocols being developed a lot of doubts being built a lot of things being created so yeah I don't think we should
we should have any limits, like we should create things. Of course, I'm not saying that like, uh, uh, uh, crimes are okay, and that this, this kind of dark shit are okay, but like, in terms of innovation, man, we should create everything. Like things may be worked, things may, maybe not work, but at least we are learning from that.
Sure, exactly. It's exactly the same way that I think most people approach defy. We need to see this as a huge experimentation. One of the things that you learn when you
think about in this kind of mindset is that you can lose money and you can see the beauty of what is revolutionary because they are revolutionary and you worked basically.
which I always say that it's pretty beautiful because it's pretty rare. Talking a little bit about experimentation and innovations that happened in this year and we
we can see this unfolding next year. What kind of experimentation are your most curious to see how we'll develop in the next year? Thinking for myself, I believe that nouns are the thing that are most interesting.
to see as time goes by. Next year I will see if the Treasury will hold, if the NALS Dow parties will be not divided, will not create a foreign
stuff like that, how things will play out for now's now. And if this huge experimentation that by now is working, we'll continue to work next year. For some how I believe so, but I
don't know the thing is it's a huge experimentation. What things you are most curious to see unfolding next year? Yeah, I'm not going to say only next year because I don't know when things are going to happen but one thing that I
I'm really looking forward is like reward of NFTs, like reward, users of NFTs, like from like a movie ticket, movie ticket being viewed on blockchain through like some sneakers being sold on NFTs. And that's I think that's an also market to be created.
We really need to have the properties of our things. I forgot the name, I think it was Fortnite or Battle Royale or something. From Epic Games,
going to integrate NFTs into the game. So man that's a huge thing, like that's a huge huge thing and I'm going to check if I recall the name of the game here. But I want this kind of things, like we need to have the property of our things online, like we spent
Some people spend other time playing games and these people should be awarded at some point, even though they are not professional players, they need to be rewarded some things. Others, so I'm really bullish.
like tokenization of assets, it's really something promising for at least in my point of view. At the same time, some defiDap, I'm not going to get really into them here, but some kind of derivatives on blockchain that's an
interesting topic that I really want more liquidity on them. I know that there is already some protocols and huge protocols, but they are certain that we could liquid yet. And I don't want to use the centralized exchange to play with derivatives. I want to do that on a five basis.
Great nice. Oh Hermes, indeed. Do you have anything to add? Anything that you are curious on CEM folding next year?
I'm looking forward to the NFTs, the five projects development, like ways to farm some new from the possession of NFTs and new ways to make new
deals with them. And also, I am a gamer myself. I love to play and I'm very excited for these news that crypto need to just mention it about like huge developers.
creating crypto integrations it seems like Riot Games is also creating their own talking or blockchains not clear yet but it's they all some of the most played games
in the world, so this is interesting to see because as we were talking yesterday, the technology will be mixed into our lives before we can realize that.
And I'm looking forward to this, you know, I'm looking forward to finding hints of crypto being like mix it into our lives. I'm looking forward to this.
nice nice armors dude you have anything to add
Yeah, I just totally agree with her. And just to add I'm also bullish on the events. I don't know if someone mentioned it, but I think this next year we're going to see. Especially in Brazil.
a lot more well built events for us. So I'm looking forward for that to get to know more people see what they're doing. See more interesting projects and show the world what we're doing here that might take from it.
So that's it guys. Next year is promising a lot of things. A lot of things I'm curious about. I'm not necessarily bullish or bearish on some specific things. But I'm curious on see what they will do in
to the DR and what they will do because some things are pure experimentation and that's really nice to see. But that did, that was our GM Nifty Fight today, the last of this year. I want to thank
Hermes who he endured for being here and the guys there are in the audience as well Thank you all for being here for sharing your time with us to say Jim to us our last gym of this year And I see you next year my friends happening here
by your friends. Have a good day. - Bye guys, much love.