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GraviDAO AMA with Skeleton Punks, Stoned Island, and Rekt Gang
Recorded: May 24, 2023 Duration: 1:17:31Space Recording
Full Transcription
All right, we have Terra Spaces.
All right.
All right.
All right.
Just a minute.
I'm going to be inviting some people, Sam as well.
I think JG is coming too.
Hey, how's it going?
I'm good.
I'm actually at a recording session.
There's like a band doing a recording session in an old monastery.
It's a pretty cool place.
Like a lot of empty hallways, and I'm just walking through them.
It's pretty wild.
It's pretty wild.
Uh-huh, we have a JG as well.
That's good, and Sam is here.
GM, GM, can you guys hear me?
Loud and clear.
Who do we have?
Sam, I'm going to try to use you a co-host
so that if my cell phone breaks for some reason,
then the space doesn't end.
I think, could you accept the co-host?
Or request it.
I'll give you some time.
So in the meanwhile, there's some people joining.
Really nice to see.
You've declined my co-host?
What?
Why would you do that?
And now you're requesting again.
Okay.
We're getting there.
We've seen like a little...
I was getting rugged.
I was getting rugged.
It wouldn't even let me join.
Oh, rugged by Twitter again.
So let's just start with...
How are you guys doing?
Are you caught up in some drama at the moment?
Because there's been plenty going on, right?
The last two weeks.
Like, my God.
How are you all doing?
Sam, you want to talk?
Yeah.
Feel free to invite me to co-host again
and see if it works this time.
Yeah.
No, drama's my end.
I mean, the last space that I was in with JG and Rhett Gang,
if it's ghosts,
it got a little bit hectic towards the end.
So, you know, I'm ready for it this time.
I've got good signal.
So I'll be listening.
That's great.
How about you, JG?
You know me,
just trying to do the best I can with what I got.
But I'm definitely passionate about this.
So if somebody gets too salty,
I'm going to fire back, you know?
So, fuck it.
Rhett Gang.
He just left and served.
Just accepted him to come back up.
Rhett Gang got rocked.
That's nice.
And Finn,
what is this new duck PFP you have?
That's quite funny.
He's not there,
but that's the Rack FM.
I'm pretty sure that got airdropped.
I don't know if that's the album cover,
but Finn, come up and speak.
I guess he might come later
and introduce the airdrop.
He's got plenty of music because he's got that.
He's got the ground, hasn't he?
Well, I'm really happy I'm having the three of you in this room.
And yeah, Sam,
I actually want to ask if you want to like co-host together,
like every Wednesday,
because I mean,
you're so good at this.
I don't know.
You're really good at this.
So I'd love to co-host with Stonehenge.
Yeah, man.
Happy to co-host.
You know,
just hit me up with the times
and we'll get it sorted.
I don't know what's going on with Rhett Gang.
Oh, they've joined last week.
Rhett, don't worry about them.
They're just getting wrecked in normal,
wrecked fashion.
Hey, what's up, guys?
I didn't have any issues coming on.
I just had to reboot my thingy.
The art is an Ambedo NFT for the hit track GM fam.
And it's a rap about all in bits and all in butts and Web3 and all that shit.
And there's a ton of references in there.
I'm sure you'll all eventually find and get and then be all up in my DMs
telling me how fucking great I am.
So I've just been hanging out, waiting for that to happen.
And yeah, you know, Terraspaces.org,
just keeping up with the spaces, man, day in, day out.
It's good to see Gravid out.
What is this PFP you're wearing?
Allow me to ask you a question, sir.
What is this?
Where are you guys at now?
Like Tezos?
What is this?
Tezos is pretty cool, actually.
Not on Tezos, but Tezos is pretty cool.
Like, I love some of the abstract art that they're releasing on Tezos,
which you don't really find on any other chain.
Like, not that kind of stuff.
But we're dropping a free mint in, like, next week, I believe, or in two weeks.
And it's Mir, who's here in the spaces as well, who designed them.
And he's big on Tezos, so they are abstract pieces.
I think I've pinned it also in the spaces.
And this is the calligraphy, the font that he made for it.
So, yeah, we're supporting this for a little while.
And then it's back to the old trusted Gravid out orbs.
Okay, so are you actually minting it on Tezos?
Because I was totally just kidding.
Like, where are you guys minting it?
No, it's on Kusama.
Kusama.
On what?
Kusama.
Kusama!
You're going to have to start at the beginning.
I'm not familiar with that.
No, I'm just kidding.
That's cool.
I've been seeing a lot more dot cats in these spaces, mingling with the Cosmos cats.
It's good to see.
Anytime we can get liquidity over it.
You've got Polka Dots, and then you have Kusama, which are the...
What is it called?
It's not a test chain, but like...
Yeah?
They call it the Canary Chain.
Or the Canary Chain.
Yeah.
He was literally pulling your leg, everyone.
Oh, yeah, but we got those.
We got, like, Joe Chain.
We got, like...
We got Terra.
We got Kooji.
We got Whale.
We got all sorts of fucking Canary Chains.
Yeah, that's cool.
It's cool to add another one to the list.
I can't wait to have it make more work for me.
Dude, is Joe Chain still live?
I honestly have no idea.
There's so much dumb little shit to, like, try to keep track of.
It's near impossible.
I will show something for you real quick.
I see Tank in the audience, and he's trying to do a little NFT get-together in...
I'm going to fuck this up.
Is it...
It's in Tennessee?
Somewhere down south there, man.
Now, I don't get down south very often.
Me, I'm like a northern boy, but I still carry my southern roots.
So, I'm looking forward to it.
We'll see what they do.
Did you guys have a pizza day?
Like, on Monday, it was International BTC Pizza Day, apparently.
I missed out, unfortunately.
Okay, I got to go.
I just wanted to come up here and show my shit.
So, imaginethesmell.org.
It's good to see you guys still doing spaces, Gravadao.
I see your bots in all my Discord servers.
So, good to see y'all keeping on.
And have a good space.
I'll catch y'all.
Thanks, man.
See ya.
But to answer your question, no, I didn't have a pizza on Monday or Tuesday, whenever
it was, which is a shame, really.
It would have been nice to celebrate all those years ago.
What was it?
Like 7,000 Bitcoin for a pizza?
See you again, Sam?
It was 10,000, I think.
10,000 Bitcoin for a pizza.
Yeah, can you imagine?
It's bunkers, eh?
It's very expensive pizza.
I think they actually did an interview with the guy that actually bought the pizza, and
he doesn't regret it.
Because at the end of the day, he got two pizzas for Fokou at the time.
But, you know, if he was big into Bitcoin then, I can almost guarantee that he's definitely
been collecting since then.
I hope he has.
Yeah, yeah.
Just imagine him losing his wallet.
That'd be awful.
But speaking of losing wallet, there's the whole drama with Ledger.
Like, how do you all see that?
I mean, I'm pretty...
Like, I get the idea.
We want to onboard new users, and everyone keeps losing their fucking keys.
So, you know, if you want to opt in for that solution, which is, you know, use the three
private companies to get the fragmented code to get your seed bag, then so be it.
But if you don't want to use it, don't use it.
But I think the problem was that it was getting updated on all hardware.
Well, maybe it should just be so that it's update.
Maybe it's like a new Ledger hardware.
So instead of it being on the original pieces.
Yeah, I don't understand why it's so hard just to keep your seed phrase.
Like, this is, you know, it shouldn't be this difficult for people to write these words
down and store them somewhere safe.
Fuck.
I'll actually give you the example of when I lost my seed phrases.
And this is why I now keep mine on a piece of paper in a very secret location, which I
won't say on Spaces Live.
But I travel a lot.
So I'm never really in one place for more than a year.
I travel all over the world.
So people keep hard copies in their house.
But if you're traveling around, then that's not going to be great.
Like, I lose stuff all the time when I'm traveling.
And when it comes to on the laptop, keeping your keys, I used to do that on a small notes
file.
And then my laptop got corrupted and the whole thing was unusable.
So, you know, what do I do?
Pay someone to not find the keys.
So I do understand the point of having this service, but it should be an opt-in only service.
But as I understand it, it is an opt-in.
Like, I watched, I read the Twitter threads and I was really concerned.
And then I watched the interview with What Bitcoin Did, the podcast.
It was an interview with Paul Gauthier, who is the CEO of Ledger.
And yeah, it's a 90-minute podcast.
So they went pretty deep.
And as I understand it, it is an opt-in.
Like, if you don't opt-in, then your seed doesn't get charted and it doesn't get sent
to those companies.
So why is everyone crying?
Because it's crypto Twitter.
Well, I think people are crying because, you know, for however many years Ledger's been
around, they've said that they can't even do that.
And now they have the technology to not only do it, but to implement it and have done it
without our consent, you know?
So that's where I think people are mad.
Now, I think Ledger's a good, a pretty honorable company.
I don't see that they have bad intentions per se, right?
But it's definitely, I don't think it's a good look.
Yeah, no, I get the point.
I get your point.
But that's why I think it would be best for them to just implement it on new devices that
state quite clearly that it's possible and not have.
But I see what you mean, actually.
They've now lost credibility to say that it was never possible before, but now it is.
But isn't that the whole point of merging technology is that we are able to do things we can't
do before?
Yeah, I mean, the way I took it is like, I'm going to set up multi-sig wallets in the future
instead of having it on a single wallet.
And it was interesting because they talked about sales as well.
And one of them in the podcast was the CEO of CoinKite.
And CoinKite, they do a whole lot of hardware solutions.
They have a hardware wallet.
They have like prepaid cards, let's say, where you send Bitcoin onto the card and then you
can give the card to someone else.
So it's also like a wallet, but it works a bit different than a standard hardware wallet.
They have like 10 different products around this.
And their sales quadrupled when the news about Ledger came out.
So their sales just spiked up because of that.
A lot of people looking at alternatives who own the Ledger at the same time.
And this was quite fascinating.
Ledger didn't experience any abnormality in their sales.
Like sales didn't go down or anything.
Because most people just didn't even get the news, actually.
It's like in the echo chambers.
I'm literally in an echo chamber right now.
In the echo chambers on Twitter, everyone got the news.
But like bigger crowd in general, just like everyday normies, they don't care.
Or they didn't even know, right?
So, yeah, interesting.
For sure, for sure.
Robbo, I see that you came up to speak.
How are you doing, man?
It's been a while.
Sound.
If you don't want to speak, that's fine.
He's giving us some time to prepare.
See, I only really worry when Robbo's quiet.
Because he's either going to say something that he is going to offend everyone.
Or he is thinking really, really hard.
But he's gone now.
So, that's a shame.
We'll never know.
Twitter rags him.
Anyway, you've got new men coming.
Tell us about that.
Yeah, we do.
We do.
And I'm actually going to be flying to Czech Republic, to Prague.
I'm going to be doing a little talk about it as well.
So, I don't think many people here are from Europe.
If you are, like, if the chance is that you live in Prague, please come down.
It's 4th of May.
It's a free event as well.
There's going to be, like, 10 speakers in total, I think.
And I'm going to talk specifically about how we, as, like, digital collectives, are supporting artists, right?
Because we work together with them to create our NFT collections.
And I'm also going to be talking about how, like, one way to do that is to go on Fiverr and ask some anonymous person and, you know, pay him next to nothing and then say goodbye.
And he's not involved in the project at all, which I think is not a very honorable way of doing it.
Unfortunately, it happens a lot.
And then the other is, like, really working together with them and establishing, like, a long relation, long-lasting relation with them, you know, a friendship with them.
And actually supporting them to develop their expertise and develop their craft.
And we don't think about it that way or we're not used to thinking about it that way.
But that is actually being a patron of art.
And it's something that used to happen a lot in traditional arts, in painting in particular.
And then with the digital revolution, it sort of got lost because everything became much cheaper and it wasn't really necessary anymore.
And there were also just, there was an explosion in arts and an explosion in artists.
So it wasn't that common anymore.
But I think it's getting a little bit of a revival now with the digital arts and with the NFT collections and just everyday people being more into art ownership through NFTs that we hadn't seen in, like, a couple decades.
So I'm going to be talking about that, and this collection is sort of in that theme in the sense that it's a collab with a very young, fledgling marketplace on Kusama Network called CodaDots.
And so we're, we have 500 abstract art pieces in different colors.
And I'm really fond of how they look.
I think Guy did an excellent job at them.
And we're going to be dropping them for free.
It's free mints.
We'll also be sending some, what is it, Kusama tokens into those wallets.
So you'll have some dust to send it or to sell it or to do whatever you want to do with it without having to buy tokens on a sex and then send it over to your wallet.
So it's going to be a pretty easy process.
And we just want to, it's, you know, there's no roadmap or anything, right?
It's just a fun collection that we're doing.
And if you really like the pieces, like art as it is, just for the, for the visual aesthetic, you know, you can keep them, you can hang them in your digital gallery if you have one, or you can burn them if you want to, or, you know, do whatever you want with them.
But it's been nice.
We've been seeing an uptick in people also coming into the server and asking about it.
And, and we, we were kind of skeptical, like, you know, do, are people going to like this?
Are people going to like abstract art?
Do they all just want PFPs or like, is anyone going to be on the allow list to get a free mint?
But actually, yeah, like people like, people like getting free stuff, especially if the quality is there, apparently.
So, so yeah, that's, that's what's going on.
If you have any questions, Sam, I'd be happy to answer.
Yeah, no, I was just going to touch on the fact that you said about appreciating the artists, really.
I think Rhett Gang have done that really well with Rhett Kudo, or I'm not too sure how you pronounce it.
Maybe you guys want to touch on that, because I know that the artists just decided to step back for a little bit.
But, you know, he's treated as part of one of the family.
Yeah, with Kudo taking a, not necessarily leave of absence, but a time point for reflection, and he's actually working on art and lore for what's potentially coming up next.
Yeah, I saw that.
He's doing the Tarapop Wizards, or whatever they're called, isn't he?
I believe so, yes.
Well, I can't really appreciate the artists for my project, because it is me, unfortunately.
So, you know, I'm, I'm solely on my own at that point.
So, it is, I can see what you mean, though, Elo, and, you know, those guys do it, Rhett Gang, but.
I mean, but you're, you're the ultimate, like, you're, it's incredible.
Like, how do you do all this yourself?
Like, come on, Sam, it's crazy.
Okay, so guys, the other day, like yesterday, Sam sends me some code he's been writing, because he's doing a custom contract on Polygon, a custom governance contract.
I'm like, Sam, where did you learn this?
He's like, oh, yeah, I've been messing around, and ChatGPT is helping me, and I'm like, that's amazing.
That's amazing.
Just hacking it together.
I love that.
Yeah, yeah, well, I've actually been on, like, a Discord grind in so many different servers, like the Polygon server, the Alchemy server, and just, you know, just peppering people with questions.
So, you know, if I ever get stuck with anything, there's some really, really decent devs out there that just want to help you use their service.
I had a call today with Chainlink.
You had a call with Chainlink.
Yeah, yeah, so the devs from Chainlink, because I told them what I was doing with the DAO, and obviously creating the NFT contract, and they basically said that they were happy to help incorporate their VRF function for the DAO.
So, basically, how it works is if you've got a DAO with a lot of people, sorry, like a certain wows that hold a lot of tokens, and they can sort of influence the vote in their own favor, with Chainlink's VRF function, it actually allows you to call upon a set amount of members.
So, you know, taking a random supply of those people to allow them to vote, and, you know, it just adds to the security of your DAO.
So, with that sense, you'll have only a set amount of people that can vote, but the likelihood of that set amount of people being the wows only is very little.
And you can change the rules, so, you know, it can be 50%, it can be 20%, it can be 80%, and, obviously, the way to decide what percentage that would be would be through a governance proposal.
So, you know, just trying to make everything as decentralized as possible and as fair as possible.
But realistically, apply to my project for that feature, just because my, to vote, it's a membership contract for holding the NFT, so you vote based on the NFT that you hold.
Obviously, certain investors might have more NFTs, but for them to have a percentage that will really skew the votes would be completely, you know, they'd have to own a large amount of the supply.
That's really clever.
Yeah, you're taking a sample.
You're taking a random sample of the governing population, right?
Yeah, that's pretty much it.
I totally forgot to say as well, there's also another feature that I'll be using as well.
So, obviously, the investment is into this Thai company.
And with Chainlink solution, it actually pulls data that you might want, and it could be anything, anything Web2 related.
And put it on chain.
So, it will, I'm guessing it would use like API endpoints to pull that information and put it on the chain.
So, if the governance proposal, sorry, the governance contract was to go live on mainnet, then it will be able to pull any information to deploy it straight into that contract to give a live representation of that data in Web3.
Very nice.
Very nice.
Actually, I mean, I don't think a lot of people in this space know about the Thai company, or have you sure that it's beyond reason the last couple of weeks?
Yeah, I mean, I always forget who I tell, but I'm happy to go through it again.
I know that I've been speaking to Robert about it quite a lot, and obviously Thin Man, who's down there.
And I see a couple of other Stoned Island OGs down in the bottom.
But so, bear with me if I go through it, and you've heard it a thousand times.
But it is pretty exciting, so I'll go through it again.
Essentially, I've worked up a partnership with a Thai company who is on the cusp of monopolizing the medicinal market.
And before Robert requests to speak and shouts about Thai and then just running off with their farms,
essentially, they are the most legit company when it comes to medicinal cannabis growing because they have all the right licenses.
They've been operating for 14 years in Thailand, and they've also got a royal decree from the Thai palace.
So, not only have they got that, the guy that owns the company has also been an advisor for the United Nations on drug policy reform,
as well as the Thai government.
And so, he was part of a lot of the reform that happened with Thailand actually legalizing weed.
But unfortunately, Thailand being Thailand, just essentially opened up the floodgates with no regulation.
And the market has been completely flooded with these growers, which is great for the Thai economy and the farmers themselves,
because they're able to grow the crop.
They're able to grow it four times a year in comparison to America's two.
So, they're already getting double the amount of yield for each farm.
But the problem now is, and Robert, I'm more than happy for you to come up and absolutely argue this point.
But now the problem is, these Thai farmers are actually getting undercut.
So, they're getting undercut by international imports.
And so, people are getting their weed from, say, California, and they're getting it for a fraction of the price and actually undercutting all the farmers.
So, now the farmers are in an even worse position because they now have all this crop and they've got nowhere to go.
So, enter this Thai company who, like I said, have got all the licenses.
They've got clinics and they've got what's called a clearinghouse where they are able to bring all the yield from the cannabis plants
and make sure that it's up to scratch with the highest quality, being part of Thailand's farming initiative,
which is the Farming Initiative 4.0, which essentially means that it's completely organic and grown outdoors with no fertilizers
or like specific chemicals used on them to bring the highest grade to the market.
Not only that, they've also got a clinic for training doctors.
So, what they're going to do, whether it's possible or not, as Robbo likes to argue, is are they going to be able to bring in this heavy regulation
where you have to have a license to get or a prescription to get you a medicinal?
And if that is successful, which is looking likely, then they will be able to train doctors to actually give these prescriptions.
And one of the part of the roadmap, because funny enough, Web2 used words like roadmap too,
is to actually have one of these clinics directly in the airport.
So, as soon as you get off your flight visiting Thailand for a holiday, you can go straight into the clinic and you can get your prescription.
And the way I like to coin it is it's exactly the same as what California was when they had all the green cards and the medicinal cards.
So, you can get your prescription. So, because they are such a, they're in the pocket with the government and the Thai family so well,
they actually know a lot of the information before the Thai Gazette, which is their local, sorry, the international news source.
And, you know, the owner of the company is telling me things that haven't even come out yet.
And then, lo and behold, a couple of weeks later, these things start getting implemented.
But, you know, the medicinal cannabis market is just as lucrative and volatile as the crypto market.
So, it kind of plays in nicely to the whole NFT collection because not only are you buying an NFT, which has rarity,
it's a PFP and all the bells and whistles of an NFT project, you also get a direct investment into the company via the DAO.
So, kind of a proxy investment.
However, because the DAO is what is investing into the company, you're getting access to the DAO.
And so, the DAO, as a registered member or a shareholder of the company, will receive dividends.
The Thai company are extremely happy because it means they don't have 100 to 1,000 people on the Caps table.
Thank you, Elo, for explaining to me how Caps table works.
But, yeah, so essentially with that, the dividends get paid into the DAO and then the DAO will vote on exactly how to use those dividends.
And, you know, it's really important about security when it comes to a DAO.
So, that's why I've been messing around with quite a lot of code because essentially I want to create a DAO where the DAO owner is the only person that can create.
Sorry, the only wallet, should I say, not person because no one technically owns the DAO.
But the wallet that creates the DAO will be the wallet is the only one that can create proposals until a proposal is put forward to, say, change ownership of the DAO.
So, if someone wanted to take representation of the DAO and make proposals or all members could put a proposal forward.
But, you know, because there's no token, which is great for putting up a proposal because you need to have a certain amount of tokens to put a proposal forward.
But because it's an NFT, someone might have just as much right to putting up a proposal as someone with, say, 50 NFTs.
And so, yeah, I've just been working hard trying to work out what needs to go where, what parts need to go into the code.
And like you said, Elo, ChatGPT, if no one has tried this yet, you really, really need to get on it because you will be left behind when it comes to ChatGPT.
It is pretty amazing.
It's normally wrong.
Don't get me wrong.
But this is why, you know, you need to get into those syscords, speak to the professionals, speak to the devs, get it audited, and then deploy it on mainnet.
And that's essentially where I'm at now, just messing around with code.
Yeah, I think it's very cool.
I'm really looking forward to you being able to release more details to the public in due time.
And what I found fascinating as well is that the Thai company is going to pay out those dividends in stablecoin on chain, which means that there's, like, you don't even have to be the middleman, which is, like, good for the DAO, but also good for you because you don't have that responsibility on you.
So, yeah, I think that's really cool.
Well, basically, the CEO and the general manager, who the people I'm liaising with the most, they're completely crypto savvy.
Their dev that is building a lot of things for them in terms of the structure behind the scenes in the Web2 world actually has their own NFT project.
And also, the CEO is part of a massive company that basically brings a small company to become a much larger company with the exit plan of being listed on a stock market.
So, they come into the company and, you know, get everything right to make sure that everything goes to plan so that this company can be listed on the stock market.
And that's essentially what this Thai company is going to do.
And that is why we want to get in as early as possible.
So, that's why they've allocated a specific amount to Stoned Islands, or should I say the DAO, which is called Cannavest, by the way, if I've not told anyone.
So, it'll be called Cannavest DAO, and it will be investing in all sorts of cannabis-related products and services and companies.
And the idea is to just grow the treasury and grow our share of the DAO in multiple companies, Web2, Web3.
If there's an NFT project that we want to invest in, then, you know, a proposal will go forward, and the DAO will decide.
And that's what I think is amazing, because that's essentially what we want from a DAO.
It is.
And this is going to be, as far as I know, the first NFT collection that is doing it on this scale.
I think what you have is quite phenomenal.
And I've seen some redacted documents with, like, things crossed out and stuff.
But I've seen the ROI on this investment, and it is very juicy.
It is very juicy.
Like, if this plays out, then Cannavest DAO will be in – it might be the biggest cannabis DAO for many years to come.
So that's really exciting.
Yeah, man, I hope so.
I mean, if anyone's interested in, like, thinking about those sort of numbers, all you have to do is look into America's current stock market for medicinal cannabis
and work out exactly where they started before they went onto those exchanges, work out what they started with, and work out what they're worth now.
And we're talking pretty serious numbers.
It's almost so serious that, you know, you have to have a reality check sometimes to figure out what the hell are you doing coding what essentially looks like bullshit
and just, you know, pinging people in discords and speaking to devs to actually have something that's pretty cool.
So the software actually already exists on Ethereum, so I'm not reinventing the wheel or anything.
It just means that it doesn't exist on Polygon yet, and it will do.
There's roadmaps for Aragon to incorporate, but it just isn't there yet.
So I was speaking to the Aragon team, and they said that there are plugins that you can create, but then there's just other features that are just not going to be on the roadmaps.
So why not try it yourself?
And with the power of ChatGPT, you can essentially create step-by-step guides for you to go through it.
You know, ChatGPT has been a very close friend of mine for a while now, and we're on a first-name basis.
So that's nice.
Thank you, Sam, for that update.
We are 40 minutes in.
I do want to hear, like, maybe an update from JG.
JG, when Beastars, please, please, when Beastars.
When what stars?
Oh, Beastars.
I thought you said Beast stars, and I'm like, isn't that an animation cartoon?
Fuck, my bad.
Hopefully within, I don't know, two weeks?
It should be really soon.
It's not on us of why it's been delayed, right?
There's just been a lot of other stuff happening on the foundation level for some projects, you know what I mean?
To kind of really focus.
They haven't really been able to focus on what we want to do at the moment.
That's why.
Gotcha, gotcha.
Yeah.
But it's happening.
It's happening.
Do not fret.
We're for sure.
We want Beastars.
We want to be able to leverage with stars.
We love the stars community, you know?
I love the stars community, and we had a lot of drama last week, right, with Jake, the news that you had been selling more stars than there was ever sales in stars.
Like, wild story.
And I think I also want to hear from RegdGang about if they've been following up, because I haven't been on any other spaces since then, since last week.
So I'd love to know, like, what's going on there.
But the good thing is, stars price has been sort of climbing out of its hole the last couple of days, last time I checked.
So I'm happy about that, at least.
That's because Jake stopped dumping on everyone.
Yeah, I guess so.
But Sam, did you attend any other spaces where they talked about this?
I attended the FUD Jake one, which was, you know, I thought people were going a little bit soft on him.
A little bit soft?
Yeah, at first, at first.
But the network then jumped up and fully said, like, do accept what's actually happening.
And, you know, they play it off as, you know, they've got mouths to feed.
But that was quite a lot of allocation that they had to then start dumping on everyone.
So, I get it though, you know, good trader, shit dev, essentially.
I find it quite funny.
Like, I've got a lot of mouths to feed.
We're talking about millions of dollars.
Like, is he feeding the rural population of India?
Or, like, what's happening?
You know, how many kids does he have?
Well, it would actually be interesting if everyone would like to talk about Cosmos insiders, as Ryan and Lion likes the coin.
Because I generally do think Cosmos has a huge problem with it at the minute.
You know, they're not even acknowledging Kajira as a chain.
That is part of the family.
I saw Jacob Guardian, or whatever his name is, comment about saying, you know, open source and then you can be part of the family, essentially.
But why?
Why does that necessarily, like, what does that actually prove, seeing as, you know, Osmosis was open source, that had a hack.
Juno's gone off chain.
There's, you know, I don't think open source essentially fixes those things.
But instead, Kajira's just being pushed to the bottom of the pile, not getting anywhere near as many, like, what was the network that launched the last couple of days?
Neutron or something like that?
The allocation to Kajira was tiny.
And even, is it Sonny from Osmosis was basically saying, you know, what is this insiders?
You know, there are no insiders.
But then you look at the incentives, like, someone just pinged this to me on Telegram and said, look at the incentives for the pools for Kajira, and there are none.
It's the only chain that has no incentives in comparison to everyone else.
It's quite hilarious for them to play it off as there are no insiders yet.
But the one chain that is completely independent is getting no help from said insiders.
Yeah, but still they push on.
You know, I'm personally a fan of Kajira.
And, I mean, I've been using their product so much.
But, yeah, it is kind of sad to see this because, I mean, just trying to get some liquidity from Kajira to Osmosis, let's say, is actually pretty hard.
Like, you have to swap to Adam and then send Adam and then swap again.
And you're dealing with slippage.
And it's like, come on, guys.
I was in the exact same boat.
But, you know, just go straight on to Finn and do it there.
Just withdraw your item to Finn and trade for Kajira.
It's so easy and so simple.
And the UI is so slick on Finn.
I'm super excited for the Sonar wallet because I like to do a lot of my trades whilst I'm pissed.
Drunk slash drunk slash high because I feel like I'm a trading wizard when I'm all those things.
So, having my mobile there to just jump onto Sonar and do some swaps, do some heavy borrowing will be great.
Drunken DJ.
Drunken boxing.
Hey, that's almost as bad as drunk texting, bud.
You don't want a drunk trade.
That's not really good.
I mean, I didn't say it's successful, but I like doing it.
It's like, I think when Sam says, take on a lot of borrowing, it's like $5 on a $10 collateral.
I hope it's like that.
Listen, I learned a heavy lesson the last time I used Kajira.
Funny enough, it was almost a year, well, just over a year ago now.
So, I don't do anywhere near what the limits that I used to do because of bad things that can happen.
But we don't like to talk about those things.
No, let's not.
By the way, I see a crash in the audience as well from YFoundryDAO.
I don't know if anyone from you guys have met the people from YFoundryDAO.
Can you like throw an emoji if you've met the people from YFoundryDAO?
Anyone?
YFoundryDAO.
Yeah, JG has.
Anyone else?
YFoundryDAO.
That's Ray, right?
Yeah, Ray Raspberry.
Yeah, he's awesome.
That guy's a big brain, smart guy.
He is.
He really is.
I mean, they're all smart guys.
But yeah, Ray's quite exceptional.
Crash, if you want to talk a bit about YFoundry?
Because I know that you guys have a release coming soon as well.
And I've been following the project for, yeah, for a good year now.
So I don't know if you're available right now, but if you do, just request a microphone.
Aren't they doing it on Comdex?
They're on a variety of chains, if I understand correctly.
Like cross-chain the IBC.
Oh, we got him.
Here comes Crash.
Hey there, can I say, wherever you are sounds extremely peaceful.
With the birds and stuff?
I'm, dude, I'm in quite a special place.
I'm in a monastery.
It's an old monastery by nuns who are living here.
They all died.
They all left.
And I'm at the recording session.
I've been shooting some photos for them.
It's like a three-piece band is doing a recording session in a monastery.
And I'm in the courtyard right now.
So yeah, it's a cool place.
Anyway, Crash, go ahead.
Hey, everybody.
Thanks for having me out.
Yeah, monastery.
That sounds awesome.
That's crazy.
I can't wait to hear that recording.
It's really nice music.
Yeah.
If I remember, I'll ask them for some music and I'll send it to you, Crash.
Or like share it in YFD or something.
That would be great.
Is it like death metal?
Like thrash?
Roar!
No, it's actually, it's a contemporary vocal folk music or something.
It's kind of hard for me to describe.
It's weird music.
Weird vocal music.
That's great.
Well, the last time you shared something, I actually shared it out with a couple of other people.
So if that's any indication, I thought it was pretty cool.
So yeah, awesome space.
I'm glad I was able to make this one.
I try to make a lot of the grab it out spaces and Skeleton Funk spaces.
But I'm also a rec gang holder.
So I think the only one I need to look into is Stoned Island here, which I'm definitely going to check out.
So that's cool.
Yeah, I mean, I think what YFoundry is trying to do will resonate with a lot of the teams here.
So if you don't know, YFoundry is a platform connecting the community with creators to propose, vote, and build their ideas.
And what that means is it's a collection of smart contracts that just help people coordinate online.
So there's on-chain mechanisms for on-chain voting, on-chain proposals of your ideas, for the community to be able to crowdfund in a trustless, transparent way where it's all on-chain.
And you can actually see where the funds are.
As a builder who comes to the platform to help someone build their ideas, you're on the other end of that.
And you can actually see that there are funds escrowed to pay you.
And essentially, we have these milestones using the blockchain that the community can kind of track what the project's doing, where it's at.
And then if it meets certain milestones, they can vote to initiate additional payments.
So instead of you having maybe a – right now, you put in money for a project.
Maybe they have a roadmap.
You hope it goes somewhere.
This is a way that community can kind of coordinate.
And you can fund those ideas, but you have some measure of keeping these projects on track.
If it doesn't work out as intended, and maybe it wasn't – maybe it's not a rug.
Maybe it just didn't work out.
There's some measure of, okay, we can vote to get the funds back, or we can help to get a new developer in to help see the project through and actually complete it on time.
So really looking at – I mean, I think when I first discovered Ethereum and the promise of smart contracts for cutting out the middleman for some of these – the third party for some of these funding and activities, I was a little disappointed when I actually got on the chain.
And it was like, well, some of this doesn't really exist, so this is our efforts to provide specific contracts that can be, you know, mixed up, reused, composable, and just essentially a suite of tools for different projects to use to help, you know, help with the funding, help with on-chain voting and governance.
So, like, some of the things that, you know, we are looking forward to launch very soon, and then just continuing to build on these suite of tools, whether that's through collaboration and partnership, or we have ideas to, like, add, you know, quadratic voting systems, rank choice voting systems.
You know, just ways that you, you know, just ways that you as a community can organize, you know, your DAO to actually make decisions online, and it's all – it's not off-chain.
I've said on-chain like a million times, but it's not – nothing's off-chain, so it's not like we have a system where there's no off-chain snapshots or anything.
You can actually go on the blockchain and see, you know, what wallet has voted and what – who should get a certain amount of votes and everything.
And in addition to this, we're using this new implementation of NFTs, interactive NFTs on Cosmos to be able to connect and, you know, essentially perform some of the activities.
So, like, how many votes you get for a particular initiative, you know, you fund something based off of how much you fund.
You get an NFT that kind of represents your share of ownership of that idea or your share of contribution to that proposal.
So, maybe it's people banding together to create a particular DeFi strategy, then you would automatically be able to claim through that NFT a portion of the fees from the results of that DeFi strategy, whatever fees, you know, are collected by that.
Or maybe, you know, that could be used for an airdrop later on, those NFTs, or an NFT whitelist.
That's something we're looking at for, you know, collections that want to get community around.
Like, let's essentially pull these funds and, you know, help someone launch a particular collection.
So, yeah, there's a lot to it, but, yeah, happy to take any questions, and thanks for having me on.
There is a lot to it, and, I mean, the Y Foundry people are really helpful in their Discord, very responsive.
The reason that I got really interested is, I mean, I'm not a coder myself.
I understand how it works, and I go through code bases to know how it works, but I don't actually go out and write contracts myself.
But some of us, we have this genius idea all of a sudden for a DeFi strategy, and we can't build it ourselves, which just sucks, right?
And why a Foundry is sort of providing, as I put it, they're providing a playground.
They're providing a playground for non-developers to build their dream strategy, being funded by the community,
and then the community can sort of, with the contracts they have, the community can make it a success.
And there doesn't need to be a trust in this shady dev who comes in and does the job.
Like, there's actually verified people who do the work, and the community has verified them,
and the community will, those who invest in it, they will also benefit from the strategy.
So it's just a really cool way of decentralizing the creation of DeFi strategies.
And, I mean, it's not really big right now, right?
Because we're in a bear market, Bitcoin has been sideways for two months.
Like, who's doing DeFi right now?
Like, very few people are.
But I think in one year time, like, in between one and two years' time, when we have our next cycle,
I think YFoundry can be in a really good position to help enable new DeFi strategies coming onto Cosmos.
So, yeah, that's pretty cool.
Really looking forward to that.
And I actually want to shill something here, except if someone has a question first.
Yeah, I was going to ask a quick question for Crash.
What change are you operating on at the minute?
Yeah, so we're looking to launch very soon.
It'll be a combined, like, JG had mentioned, Comdex.
That's one that we're working to get on the testnet there.
We're already on the testnet for Juno and for Terra.
So the launch for Juno and Terra will be pretty simultaneous very soon.
And then looking at the rest of the Cosmos.
I very much hope to have those connections and partner with.
We've been talking to a few other projects that are working on this sort of, like, EVM bridges.
I would love to.
I personally, just through the Terra migration and also kind of personal investments,
I've got quite a bit into the Polygon ecosystem.
So I'm very interested to make that connection and be a part of that community more directly.
But right now it's kind of on Cosmos is the focus, but multi-chain.
Yeah, nice.
I mean, all you have to do is just jump in a few Cosmos spaces, whether it be Starz or Terra, Kajira.
That's where all the builders are.
You know, it's quite, it's a struggle really finding decent builders on Polygon.
So, yeah, hopefully I can be one.
Hopefully I can be one.
But, you know, if the demand is for Cosmos, then that's just something that we have to,
a bridge that we have to take when we cross it, if that makes sense.
Yeah, I'm really hoping that there'll be a good kind of, essentially like a front end.
And I know there's been a few that have talked about this, where as a project on an EVM chain,
you can just use some of the technology for Cosmos and you don't really have to worry too much about,
like, oh, here's a different wallet I've got to do.
And, like, you know, it's not native contracts.
You know, you can essentially, like, maybe use some of these DAO collaboration contracts,
but then keep all of your assets on, you know, Polygon.
So I'm looking forward to that.
I mean, maybe we'll end up building that if it looks like no one's making progress for it,
because I do think it's definitely a need.
I think you hit a really good point there, actually.
Eli and I have both discussed it.
Essentially, a DAO doesn't necessarily need to exist on the same chain that an NFT,
especially if it's an NFT DAO.
You know, the most successful projects are the ones that are multi-chain.
I'm currently only on Polygon at the minute because that was part of the announcement that I made.
And Polygon is a very interesting scene, that's for sure.
I mean, it only takes a few bright sparks to go on a few little rabbit holes down OpenSea and Polygon scan
to see what is actually opening, what is actually going on behind closed doors.
I'm hoping it's just because it's a bear market.
You know, we've got bad actors everywhere in every space.
But essentially, I think when people decide what chain they want to go on,
they kind of have to look at, well, obviously where the liquidity is,
because that's what makes everything go around.
But where are the decent builders?
Where are the decent projects?
Where are the decent owners?
And where are the decent communities?
And if that box is being ticked for a certain chain, then that's the chain you should go on.
And I'm not saying that I'm not going to go on Polygon.
I'm just saying, you know, we're exploring all options of what's definitely the most secure and best route.
But yeah, I'd love to pick your brains, Crash, on a few contracts that I'm working on.
You might get the code and think it's all bullshit.
But, you know, it'll be fun.
Yeah, absolutely.
We'd love that.
And to Elo's point, we're looking for quality developers to just be a part of the community
and working on that reputation side of things, whether that's through partnerships
or, like, we've got a rudimentary whitelisting process that we've kind of hacked together
using GitHub and Keybase.
So you create a profile and you can get, like, you know, on-chain whitelisted
to be a part of the developer pool just to help people with that, you know,
that trust element of it, you know, to start, like, having some sort of reputation
and someone that's vouched for someone else and you can review and see that they've actually done something.
And a lot of times it's not necessarily someone trying to scam, even though that's there.
I see a lot of just kind of misrepresentation of skills in this space because I feel like I'm stumbling
through and learning everything as I go along, you know, and I'm pretty honest about that.
And I think most people are.
But you get a lot of individuals that will come in, you know, kind of saying that they have a ton of experience.
And then when you ask them to show something, they ghost you, you know, in Discord.
So having some sort of, like, this project, you know, this developer, maybe this artist, you know,
they've done, you know, this portfolio of work and someone can vouch for them.
And hopefully there are more kind of reputation or digital identity tools and plug-ins that we can incorporate as we go along.
But, yeah, I think the focus, like, I mean, the power of Web3 is really the community and the brand, you know.
I think we'll move further and further away from, you know, and believe me, I love the, you know,
Cosmos communities and the individual chain communities.
But I think we're going to move further and further away from where the chain matters as much.
And it's more about that brand.
And you could easily, hopefully easily transition, you know, multi-chain NFTs and whatnot to different chains
and kind of move that community either beyond multiple chains or, you know, migrate to a different chain.
I mean, we've all seen that.
I mean, Polygon's a great example, migrated a lot of, you know, Terra projects post-crash.
True.
Although that was a very chaotic migration because of obvious reasons.
But, yeah, you're absolutely right.
It's, every community is chain agnostic.
Sure, you have an affinity with a chain, but in the end, you know, the technology you can replace, the people are much harder to replace.
Which is how it should be, right?
I would actually like to see which chains, not chains, sorry, which projects or facilitators of these bridges are actually bridging these migrations rather than recreating them.
Because I've seen, without saying anything, projects that are literally just recreating the NFT collection on another chain and then calling it a migration when it's not really a migration.
I don't really know how migration works, so I might be talking shit.
But, you know, I've seen things that...
Look, it doesn't, I don't think it really matters because the way a normal bridge works is there's, let's say, a vault on the sender chain and a vault on the receiver chain.
And I am sending wrapped Bitcoin from Cosmos to Ethereum, then I'm sending it into a contract on Cosmos where it's burned, and then it gets minted on Ethereum, right?
There's no, like, there are two different languages.
There's no digital object that goes from one place to the next.
Like, it gets destroyed on one end, and it gets recreated on the other end.
And that's just how it works, because there's no other way to do it, because there are different languages.
They don't speak the same digital object language.
So I think, like, reminting or bridging or migrating, I think generally what people think about when they say, oh, this was not a migration, it was a remint, is if the ownership changes.
If the previous owners have to mint again, and maybe to get a different asset this time.
Well, I know that Scotty, I can't remember the principal that he's with at the minute, he's like a speaker for them.
They're talking about an EVM migration from one chain to another.
So you get your Bitcoin that's wrapped, why can't you have NFTs that are wrapped, rather than just recreating a collection?
Yeah, I mean, if it's on EVM, then it works, because they're all using the same virtual machine.
So that's very different than going from just chains with different consensus layers in different languages all together.
So, yeah, I mean, I don't know about this EVM migration event, but if it's from one EVM to another EVM chain, then yes, for sure.
Anyways, guys, Sam, should we slowly call it a day?
I do want to say one thing.
If there are people in this room who want to be involved in a new Cosmos chain that is working on a flat coin, a decentralized flat coin.
So like a stable coin, but packed to a basket of goods and services instead of to the inflationary US dollar, collateralized.
If you want to get into like the builders community around that chain, please just shoot a DM to grab it out on Twitter, and we'll invite you to the Discord.
We're around 300 people right now in the Discord.
So it's slowly growing, we're slowly building, we have a test set up, there's documentation you can read.
It's not really for the general public yet.
We don't have a Twitter or anything, but it's slowly getting there.
So if you're interested in anything that has to do with sovereign money, please, please just shoot a DM to grab it out on Twitter, and we'll get you involved.
A little spicy alpha drop there, was it?
A little cheeky one for the boys.
Yeah, yeah.
JG, go ahead, mate.
We don't put hands up there.
Yeah, my bad.
Hey, so quick question.
I don't mean to put you on the spot, Elo, but are you guys going to fix our roles for our bots in our Discord, or am I going to have to fix it for you?
Are we talking about the staked NFTs, enterprise staked NFTs?
You know we are.
Yeah, man.
I know.
It's...
Okay, so let me explain what that is.
So it's a contract.
When we first knew about the contract, we didn't have a solution.
Right now there is a solution, because you guys have worked on it, and you've actually, you know, come to us and said, like, hey, I think you can implement this, and it'll work.
So the only problem we have right now is Jonas is doing his, like, he's still in school, right?
So he's doing his final exam stuff, and he should have some more time, like, next month when he's in Spain.
Do you want...
I'm offering our help.
If you will let us help you, we will help you fix it, because...
I know.
Causing havoc.
And I've told Jonas this, and he says, yes, but it'll take your time for them to understand the code base as well.
And, yeah, it's a matter of...
It's like a bottleneck of resources more than anything else.
So, I mean, there's not much I can do right now, except trying to be patient.
Yeah.
I'm so sorry.
So you heard it next month.
I'm holding you to it.
I mean, it's...
We've got, like, one dev working on this, right?
And there's always, like, a next feature that people want, and then some bug happens here, and, you know, it's like...
It's an endless cycle, because we're dealing with Discord, which is a platform that sometimes changes what it does.
And we're dealing with these different chains that also sometimes, you know, have an update here or there.
And it's like a rat race trying to keep up to date with all the platforms that we're connecting.
And then, at the same time, trying to actually ship some new features as well.
So, like, we're getting there.
It's just being a bit slower than we'd like to, simply because we're low on people.
And, like, I am very happy that you guys stepped in, and I've spoken to Jonas about this.
And he says, like, once he has some more time, he'd be very happy to take time and explain how it works to you guys so that you can help on a code base as well.
We love Lunar Assistant.
It really makes our life in the Discord much easier for Terra and Cosmos NFTs, you know?
If it works.
Yeah, but thanks for your patience.
I know this has been going on for a while.
So, we should make a deal, right?
Once you have B-Stars live, we'll have to have the Staked NFTs live.
How's that?
I'm turning it on for him.
Sounds like blackmail.
It's good motivation.
That's fine.
All right.
I'm going to start to push for it to happen faster.
Fair enough.
You're going to turn it on next week, then.
Oh, I want to see that.
I want to see that.
Yeah, I'll push on it, too.
I'll push on it, too.
I'll actually send it fixed.
That's a fair deal.
Good motivator.
That's fair.
Nice.
Thanks, JG.
Sam, anything else?
No, mate.
I think we've exhausted everyone for now.
So, we can definitely wrap it up.
It'd be fun to do this quite regularly and just talk shit.
I'm enjoying the space.
Just take your words.
Yeah, you know what I mean?
I'm just enjoying a space where there's no real, how do you say it, like, not structure, essentially.
Because, you know, there's always someone that resets the room and gets everyone pumped up and screams like and share.
And I'm just kind of over it at the minute without shitting on anyone else.
If that's your vibe for spaces, I'm sorry.
I just, I'm not, in England, we're not as, what's the word, enthusiastic about spaces.
Right, right.
I mean, let's, because I've been doing it almost every Wednesday now for the last two months, I think.
It was when we started the validator on Stargaze.
So, I mean, let's keep on doing it.
And we can start calling it the chill zone or something, you know.
I used to do a smoke and chill, but, you know, after a while, it's just me talking for a while.
So, I vote music from the monastery.
Yeah, that's coming.
And, I mean, normally I do do some diligence and I have questions prepared.
And it's like a little interview, which is kind of nice.
You start that way, a bit of structure, and then you can meander away from it.
Come back to it later if you want to.
Also, like, we should totally meet up at some point this year.
Sam, like, we live so close to each other.
It's ridiculous.
And there's something about meeting people in person.
I know that some of you must have met people on conferences and stuff.
And, like, if you go to the after parties, that's hilarious, okay?
You're, like, drinking beer with this NFT billionaire.
And you're just, instead of this divide on social platforms, it's just two people drinking beer.
And I just love that.
And you get to meet so many interesting people and be drunk together.
So, I want to have that.
Let's make it happen, mate.
Let's make it happen.
Let's make it happen before September.
Because September is when I fly back to Australia.
And then I'll be doing spaces at a completely different time.
So, that, oh, damn.
It will be morning for you when it's evening for us.
That's going to be a mindfuck.
Yeah, yeah.
I used to live there about three years ago before COVID.
But COVID brought me home.
But now I'm ready to go back and live the DGEN life out there.
It's just so much sunnier and the people are nicer.
I've never been to Australia.
So, maybe I should put it on the bucket list.
So, I imagine you're going with your wife to Australia.
Well, you're soon to be.
Yeah, yeah.
Married in July and then heading off in September.
That's nice.
I'll give you a heart.
Here you go.
Heart for you.
Our married man.
Yes.
I appreciate it.
It comes with a lot of responsibilities, which I'm not ready to take on.
But hey-ho, here we go.
No, that's great.
That's great.
You're going to do great.
I just know you will.
Can you tell my parents to say that?
Yeah, yeah, sure.
I find it extremely strange that I'm talking to PFPs all the time.
Okay, Alsan.
Yeah, we just got to prove that we're real humans to her, maybe.
She should come on Twitter's faces and talk with us.
Or even I'll put in the first proposal to change the name of the doll to her first name.
And then she will realize that these people are real.
I mean, that doesn't prove anything, actually.
But hey.
That would be very weird, actually.
It's a bad omen.
I wouldn't do that.
It's like Doe calling his baby Luna.
Getting married is a bad omen.
Yeah.
You better make sure that all your wealth is stored in a private fund.
There is no wealth.
This is what we keep kidding ourselves.
It's all fake money on a fake chain that doesn't exist anywhere apart from someone on Twitter telling you that it exists.
I mean, not that much different from this piece of paper, right?
I mean, yeah.
Family is a true wealth, Sam.
Family.
But I'm leaving all mine in England, so now I really do have nothing.
You're going to a brave new world.
You're going to have to make your own family.
Steady now.
We're only getting married now, so there's no talk for families just yet.
Appoint one of your crypto bros as the uncle, please.
Thin Man, do you want to be an uncle?
Thin Man will be the official DGN uncle.
Imagine introducing your child to a PFP on Twitter and saying it's your uncle.
Wow, that's abstract.
That is abstract.
Well, let's call it there before it gets any weirder.
Yeah, sounds good.
Sounds good.
Everyone, thanks for coming.
It was a pleasure.
And see you next week.
See you, JG.
See you, Crash.
Take care, guys.
All right, man.
Senhorita.
Take care.
Take care, guys.
See you, JG.
All right.
Bye.
Bye.
Bye.
Bye.
Bye, bye.
