What's up everyone, this is Brian, co-founder of Fartigia Blockchain, seeing a lot of familiar
names here in the listener list.
So I imagine that today's space, we're going to have a lot of existing holders, long-term
project participants, probably not too many newbies yet, but we'll talk a bit about getting
newbies engaged and kind of starting to build out a Twitter spaces strategy, calling up other
guests on stage who have big audiences, having sort of pre-determined content and relative
Today's format is informal, I'm just kind of getting everyone here together.
We've now launched, as we all know, I think everybody can agree it's off to a pretty good
start, but what's important is what comes next to really grow the ecosystem, grow the
token holders, and really start to expand the network to the scope and limit that it's
It's been a long time building, but now there's the growth phase, and so now that we're available
token that people can purchase and stake without needing to go through a pre-sale onboarding
process, things are a lot more fluid and liquid.
So building this network is now, everything's turnkey at this stage, so let's sort of talk
about what we're going to do as a community to all grow this network together, but I
think the first thing I really want to talk about is the NPC token, and why is this token
unique and what is the selling point for people to purchase tokens and participate in
the network, and what it really boils down to is the underlying use of the NPC token
that is used as staking collateral inside of the nodes, and we have a system where you can
run your own node and get the benefits of the BYOC transaction fees, but if you're not
super technical and you don't want to go through all the setup and learning curve to
be a node operator, of course you can delegate stake, and we have the ecosystem pool, which
is paying NPC token rewards to stakers and delegated stakers.
Then within that framework of staking, there's locked and unlocked tokens, and right now
the unlocked tokens are what receives ecosystem rewards, and the reason for that is if there's
locked tokens receiving ecosystem rewards, and the only reason there are locked tokens
is because there's vesting schedules for early contributors, so there's at this point
now that the token's freely circulating, new market participants who buy and stake are
getting those token rewards.
Early contributors who maintain their unlocked tokens and as more of their vesting unlocks,
they continue to stake those, they're going to get their larger share of the overall
unlocked token staking pool.
The mechanics of the differences in unlocked and locked tokens, if you are staking locked
tokens into a node you're running, you're getting all the BYOC fees, so you can put
It's not like there's nothing to do with them.
I think what's most important as a community when we communicate about the token itself
is to just clearly start staking, because this isn't an empty stake, and what I mean
by empty stake is a lot of protocols, I don't know if you can call them protocols, just
call them projects, even application projects, they say buy and stake, but all the staking
is just parking the money and it's just sitting there.
The collateralization of the MPC token under the Baker, ZK, and cross-chain nodes is what
provides this extra level of security and insurance, because we have a bridge, we have
ZK nodes that are securing private data, so that collateral that's being posted under
those nodes is ensuring that in the long run, there's integrity in the system and people
don't just run off with the oracles or whatever and collude and do the things that they could
technically do if they wanted to.
It's simple, for new market participants, they buy and they stake.
I think we just need to just repeat that message and then just say the MPC token reward pool
is a 10-year run rate, so the supply is slowly unlocking over time and rewards are slowly
being paid, but right now, if you look at last quarter's rewards on the unlock tokens,
it was about 50% yearly rate on what was staked, so that's a huge number and that's a great
opportunity for new people joining the project, so it's a network, it's a blockchain project,
so let's be a community that spreads the message as a community, it's not all down
to just a few people, it's not just down to the team, it's everyone here now, now that
the token's circulating and it's out there, we're all part of the journey of spreading
the message and the use case, so I'm just inviting the speakers up now, so Bruce and
Pitbull are here, two of the most visible community advocates, so why don't you guys
say hello and we could have you speak, ask some questions, whatever.
Yeah, I think I want to echo what Brian is saying, as Kurt put it, this is really an infrastructure
for the good of the good of the whole, rather than the good of the individual, and a lot
of the economics is really based on that, without going into a lot of the nuances
and the details, and as Kurt and Peter and Brian also mentioned, we're going to continue
to look towards any modifications that are needed in the future, but the one thing that
I think everybody on the network can agree is that we don't make changes on a whim, or
we don't make changes without really, really thinking it through, and one of the examples
that I kind of think about is, there was a lot of discussion about, hey, we have to change
this in the validators section to do this, and we should change this mechanic, and we
need to make it easier for the people to vote, and cast proposals, et cetera, et cetera, and
Peter said, in this sense, this is an infrastructure that is supposed to support a significant amount
of transactions, and the governance rules should be difficult to vote, and that's the reason
why we have a two-thirds majority and requesting that the no-validators actually participate
in the network, and so that's a really valid point, and so if we decided to go off and
make changes and say, oh, you know what, we'll just let, just to, we'll just use the majority
of the people that are voting to count against the no-operative voting process, then it just
makes it so easy for anyone to make willy-milly changes, which could potentially have massive
repercussion, negative repercussions to the network, and so some of these fundamental
principles, some of these guiding guardrails that has been put in place, these are, they're
there for a reason, it's theirs, though, that we take careful, calculated approaches
to changes, and I know sometimes it becomes a little bit frustrating, but I think in the
long run, this really helps protect the network and the integrity of the network, and, you
know, maintain the sustainability, the long-term sustainability of the project.
Yeah, so I mean, two good examples.
It came up recently when you disassociate your delegated stake.
There was a 28-day, I believe, cool-down period.
I think they're updating that to 14 days based on community feedback, so this type of change
is a bit more straightforward, but when we talk about delegating stake and then getting
a share of BYOC fees, that's a bit of a longer update because that's baked into the
actual infrastructure, so it requires way more testing and ensuring that there aren't
new bugs introduced, things like that, so, but it's on the road map, so there will be
delegated stake where you also get BYOC fees, and I think that's super important because,
for example, let's talk a bit about, as a community, who our target users are to bring
Obviously node validators are a primary target because the more the merrier and the more
that nodes are running and the more liquidity in the form of the NPC token that is staked
into the nodes, the more secure the network, so attracting more node operators is great.
One thing we find along the way to do that, and it's kind of interesting how this dynamic
plays out because a lot of the professional node operator groups that we meet are running
nodes for all these networks, but then they don't want to buy their own tokens.
But they want to run secure, high-end nodes, so it's like, okay, well, then start running
them and people will delegate stake into yours because you're a known entity that is a professional
node validator company, so we're bringing those on board and they actually don't need
to buy their own tokens, we just let people delegate stake in.
The only thing is, I think if you're a node operator who owns your own tokens and is
putting your own stake up, then you deserve all those BYOC fees, really.
But if you are someone like these, these types of firms who won't buy or hold their own tokens,
they just want to run validator nodes, if they're going to accept stake on behalf of
everyone else, I think it's super important that the delegated stakers are getting a share
of those BYOC fees because those people aren't posting their own collateral.
And right now, the unlocked tokens that you're staking into other nodes are just getting,
you know, ecosystem rewards.
So if you're sitting on unvested lock tokens and you delegate the stake, the incentive
isn't really that great yet, but that is on the roadmap where if you are staking your
unvested tokens into node operators who don't have their own collateral posted and you
start getting a share of the BYOC fees, then the utility and the value, I think, is increased.
So like that's on the roadmap and going to get out, but it's not as easy as updating
So that's a way, that's a differentiation in updates.
One is a bit more straightforward, the other requires much more technical testing and evaluation
to make sure there's not a bug introduced that would cause an issue.
So I don't know the exact release time on sharing that or where it's in the roadmap
off the top of my head, maybe Bruce does, but otherwise we can kind of come back to
the community with when we think that could be a potential release date.
Yeah I don't have an exact roadmap either, I think it will also depend on the adoptions
But yeah, a lot of good community members here.
Anyone want to come on stage and ask any questions?
Just request to speak with the button here on the bottom of the spaces.
I see some comments too, let's take a look, we could ask who made the beats, Twitter
made the beats, that wasn't me, but I was also digging it when I was waiting to start
Staking, someone's recommending allowing staking for some of the BYOC tokens, that's
also a good idea, very good idea.
Write that one down Bruce, I haven't even thought of that, it's just kind of shocking.
Let's see, any speakers, okay, K has requested, I'm adding you as a speaker, welcome to the
Hey Brian, would you be able to talk a bit about the plans of the DEX, I think Terra
Block had an AMA, they posted a few things on Discord, so how is it going on that front?
That's more of a Bruce question, he's doing weekly calls with them, I saw a bit of testing
on it yesterday, but Bruce, why don't you elaborate on that?
So they're finishing up their final testing, I don't want to provide an actual launch date
yet, but they are doing their final level of testing and once that's done, we're planning
to hold an AMA just with them next week and have them give you guys a full roadmap, so a
little bit more information to come next week, but it's close, is what I'll say.
That's fantastic, and can you also, both of you, talk a bit about having a native DEX
on parties here, how will it help the blockchain, what will it do to the ecosystem and the
Yeah, I almost titled one of the parts of the spaces when DEX, so step one of that discussion
is kind of let's talk about what makes the DEX and Partigia different and longer to deploy,
so if you want to deploy like an EVM DEX, basically everything's open source at this
point where you can just fork over some code from one of the other big DEXs and launch
under your own brand, but when you build on Partigia, particularly DEX, it's a bit more
of a heavy lift in the beginning days because we have a fully sharded protocol, so you
have to basically confirm these transactions across all the shards, so it's not like you're
just confirming on the base layer of one block for every X amount of seconds or minutes,
so you're actually confirming transactions across all shards, so the good thing about
that is you can have a ton of transactions confirming in parallel across different shards,
the more difficult thing is that you need to make sure that the transactions do confirm
across all shards and they don't drop halfway through, so like if there's four shards and
you know it confirms across shards one through three, but then it runs out of gas when
it's going to shard four, then it's not going to be fully confirmed, so there's a ton of
optimization that needs to go into building a DEX to make sure that those transactions
confirm across all the shards and don't run out of gas, for example, so like doing a lot
of testing and measuring to help pre-determine gas requirements to get these transactions
out, so I'd say like we've spent a long time on that, at least a year and a half,
so finally it's getting close to you know ready for public consumption, you know at least
on testnet to really stress test things, but it's super important for the network and
Because I would say there's, well let's just focus on this one area of sort of industry
leading product opportunities, which is the bridging and swapping of non-EVM assets with
That's something that isn't totally adopted yet or even available in the market, you know
I think ThorChain is probably one of the first protocols that actually has high volume on
swapping Bitcoin, for example, with let's just call it Ethereum without needing to go
to a centralized exchange.
Now if you look closely the way that they handle the Bitcoin is a bit centralized, so like everything
we do here is decentralized, so for example when we're doing the bridging, we have let's
just for easy use of numbers, let's just call 100 node operators, you're rotating
oracles for every time someone's bridging a new epoch with three random node ops who
are you know secret key sharing the keys of that oracle and it's decentralized and the
assets are segregated into separate epochs and there's not one massive accumulation of
risk, which is completely different from anything else in the market, you know if you look
at some of the other wormholes, layer zeros, they're accumulating a lot of risk in a centralized
location and so the point of the epochs and the random rotating oracles with new node ops
in each one and a limited amount of funds per epoch that's very decentralized, it's
segregating funds and spreading it out so there's not one attack vector that could
drain everything, so you know in the spirit of being decentralized, we're enabling a different
type of bridging that we think is a bit more secure, the NPC token is posted as collateral
and insurance and then once it gets into the partition network, now it becomes swappable
as a BYOC asset, so it's important because number one, we have a low cost infrastructure,
it's not $80 to make a swap like you're seeing on Ethereum and there will be non-EVM
and non-EVM native assets all being able to pool together in one location that's being
managed by a decentralized network, so no one's done it right yet, no one's done it like this,
so when it's out there and working and you know I was mentioning the other day of the
Mario and the Fall space that in the spectrum of layer ones, you have on one side something
more like Ripple which is a purely enterprise play in terms of the use cases on Ripple, now
they're making their own chain but it's still super early for other use cases but you know
when you view them in a business model standpoint, it's very enterprise and then on the other
side of the spectrum, there's something like Solano which is very retail driven, exciting,
fun, circus style use cases and I think we fall a bit closer to the Ripple side in terms
of like when we talk about this DEX and this decentralized bridging network, the ability
to swap the non-EVM and EVM assets, we're in year three basically, Ripple was kind of
like a 2014 thing, so they're year 10, so like in seven years from now, this technology
will be fully fledged, fully used, completely normal and industry adopted where you no longer
need a centralized entity to move Bitcoin into to then swap with Cardano for example, it
will be able to take place in a fully decentralized, fast, secure, stable environment and so we're
in the early days of this and I think you know, I don't think I got to this point on
the last space but when I was in Y Combinator in 2015, one of the first things they teach
you is it takes 10 years to build a billion dollar company, so blockchain is really distorted
and inflation has distorted those numbers and expectations but like building true value
and true usage does take a long time, so I mean in the time frame and like story arc
of being in like year three basically is where I would put us, I would say that seven years
from now, it will be the fully fledged environment that it's supposed to be and so we're right
here at the beginning and so like as DEX examples like tera blocks are coming out, we can start
to see the first you know, small usage of that and so then we can begin to optimize
and scale it and there will be the opportunity for other devs to join and deploy their own
versions of DEXs and everything, so I hope that answered the question, I'm trying to
be as detailed as possible today, the point of this space is to dig into sort of past reasoning
and design choices that brought us to today and then where it ultimately is headed based
on like the reason for it to exist in the market, so I'm trying to be detailed and
not concise, so hopefully that was a good enough answer, A.K.
If I could just add on to that, I think the tokenomics and the design principles really
align back to what you were talking about with your experience with Y Combinator, our
bootstrap reward for the NPC token for no validators are 10 years and that's for a reason, right?
So I think this is the vision, this is basically the vision of the company or the foundation.
Yeah and when we made these design choices in 2018 is when we were starting to scope
this, there were three main things we were looking at, so obviously scalability and cost
This was when Ethereum was getting extremely expensive to use, the ICO bubble was peaking
and we knew that you needed to have lower transaction costs, now that's something that's
pretty much, you know, there's a competitive low cost layer one environment that has grown
greatly since then, right, you have Solana, you have Stay Network and others, so there's
a lot of good layer one blockchains that have reduced cost and even Ethereum itself came
in to prove a stake and now they're making an upgrade to lower cost to keep building
So that was one thing but we chose the fully sharded protocol is the way to do that and
also address scalability.
So instead of having, like I always say if there's one door to get into the building
and as the line gets longer and longer, just the issues pile up, adding shards is
like adding front doors, you can open four more doors and then the line can filter across
the four doors and get everybody in quickly.
So we chose sharding with Jesper, Bruce Nielsen, Avon Dam, Gard, Kurt, Peter, so that's why
we built it into the protocol.
The second area was interoperability, we knew that there was only centralized insecure
bridges, a lot of hacks, and so we decided to use MPC to do a decentralized bridge with
secret key sharing, threshold key signatures, randomly rotating oracles and epochs which
And then lastly, and this one is super, this one is probably my favorite, and also being
the American, I'm going to fully take credit for the term BYOC, because if you're American
you would kind of get the joke.
This is bring your own coin.
And the idea was at the time in 2018, Ethereum markets were super illiquid compared to what
So when fees started jumping up and miners were making a ton of money, basically you
were seeing tons of volatility because the miners had to sell the ETH in order to pay
their bills and also they were seeing huge profits.
So we decided let's make the protocol token a collateral insurance mechanism that sits
and parks inside the nodes, but then the fees are in liquid tokens.
So all these, as usage goes up and network activity spikes, all of those fees can instantly
be liquidated by the nodos without affecting our own network.
And in the beginning, this is 2018, so like when you were, if you were around then and
you saw what it was like to bootstrap a layer one, it was super difficult because you were
paying the fees out in the coins that were part of the protocol and keeping liquidity
in that market when the USDT market cap was only $4 billion was super difficult, super
There's way more, I mean, you know, now USDT is like $100 billion or something like
that, you know, ETH is half a trillion.
So there's way more liquidity now.
But it's, that was part of the, you know, that was the beginning of BYOC and why we
did that because we realized starting a layer one, giving all the transaction fees in your
own coin just causes too much volatility.
So you know, that was the strategy there.
So Kim, you've been on the stage for a bit, then we'll go to Vlad next.
Kim, you want to ask any questions or comments?
We've got a mute, just a heads up, if you're trying to talk.
My question is, what is the incentive for a token holder to delegate to a node operator?
So if you have unlocked tokens, so say you go to the exchange, you buy tokens, you
buy it off a friend, whatever.
If you delegate stake into a node operator, there's an MPC ecosystem pool, which mints
And last quarter's rewards, for example, if you had staked 100 tokens, you would have
received maybe like 15 tokens that quarter, which is actually a really good amount, right?
So it's not enough to stake, just say that again, it's not enough to stake your tokens,
you have to delegate them to receive those rewards.
No, no, you can stake your own as well into your own node, if you want to run a node.
The token holder that is not a node operator.
If he stakes his tokens, does he also have to delegate the tokens to a node operator?
Yeah, I mean, the definition of staking in our network is when you're placing it into
a node, not just stapling it onto the blockchain and not doing anything.
So it's actually when we say it's putting it to work by putting it inside of a node.
So like, our definition of staking is just more specific to actually deploying it into
Vladimir, how are you doing?
Super excited for partition, the next steps.
I was watching closely the token launch yesterday, and really appreciated that the network held
Also because there was quite a few activities taking place on chain.
So people transferring coins, bringing bridging coins all at the same time.
And it looks like the network really withstood that load.
Just as a disclaimer, I'm an investor in partition, so obviously biased.
But what I want to say is just share a bit of experience.
So I just came back from Eve Denver, and I was talking to some devs at the events.
And really, like, I think the takeaway is that there's no live privacy solution, privacy-enabling
blockchain that is capable to achieve what partition is, partition does.
So there's definitely no MPC solution out there that I'm aware of.
The other day, I went and played with the Alio testnet, and really, the proof generation
time there is you got to wait for many, many seconds before your transaction goes through.
Obviously, they'll optimize that, but compared to partition, so it's sort of like a step
down in performance, and obviously, they use different tech.
But I think what's critical for the project right now going forward is to get the word
out as much as possible to the developers, and to explain what tooling is out there,
and get projects to come and start building on top of it.
So I guess my question is around that, like, what steps you plan to enable that?
Yeah, no, that's spot on.
I think there's always a huge advantage to have sort of a first mover.
And in this case, I think we're one of the first to market that has real private smart
contract capabilities that are actually fast enough to run cool use cases.
But it's all about execution still.
If we don't start getting really great use cases to really ramp up, somebody else will
So there's sort of three areas, and I think the community can play a role in this as well.
So of course, there's the, as I mentioned earlier, staking groups.
If you know staking groups, if you know staking group channels, I'm just going to unplug this
thing so they stop calling.
Okay, I'm on another call.
So basically, if you know staking groups, bring them in, spread the word that you can buy
and stake into other nodes, put them through to the browser.
That's one area of adoption that's low hanging fruit.
The second is trading groups.
There's tons of telegram trading groups, if you know any.
People who want to test new tokens, put the word out in those.
Let's grow that side of the community.
I posted a chart in the group chat yesterday.
Wallets have skyrocketed in the last two weeks and ever since the end of January when we started
preparing for the launch.
But then to Vladimir's point, there's that last part of the spectrum, which is the use
So I want to launch something that I just kind of coined the name Snap Launches, which what
I mean by that is we have eight example private smart contracts that are currently on our
For example, we have private voting.
We have front running resistant swapping contracts.
So we have them, they're open source, anybody can deploy and run it.
We need front ends and we need just Wallet Connected, which we have all the open source
code for that too to connect the MPC wallet right to any new data.
So we need to do a thing called Snap Launches and the reason I say Snap is because it needs
Let's get the private voting contract up.
Let's get a front end up and then let's get people sending out on chain voting with privacy
Let's try to do that in the shortest timeframe possible so that those use cases are not public
and can be used by anyone.
And so I think the starting point for that is to look at those example contracts and just
start there because we've already done most of the work.
It's more about front ends and just deployment and then marketing for users.
And so I think that's like those three things we need to all be doing full steam ahead
So as a community, if there's any part of those that you kind of associate with most,
whether it's the trading retail side of things, people who want to test new tokens or staking
groups, people who like to stake tokens or devs who want to try new things that they
can't get in the market anywhere else, if you associate to any of those areas, let's
get to work and bring the people in and funneling them into the Discord is more organized
So if people want to join up, send them to the Discord and of course join the Telegram
too for easy announcements like a space is going live.
But if you want to go more in depth, we've built the Discord for that.
So that's the venue I'd recommend forwarding people to.
I'll just add one more thing, Brian, if I could.
The other thing I think I want to emphasize that we're a collaborating network.
So Vladimir, you mentioned that you saw a lot of these different privacy technology
blockchains at ETH Denver.
I think there was a whole bunch there.
And what the industry overall, the people that I've been speaking with, they feel overall
is that, yes, there's a lot of disparate different projects that are focusing on technology
and then privacy technology.
There really isn't a strong narrative from an industry whole perspective.
So we're actually partnering up with Fala, Fairblocks, Zama, Secret Network, Oasis, Merlin,
and we're partnering together to build that narrative, just like how D-Pen came out.
We're looking to build that narrative for the privacy solution blockchains overall.
And so I think this will also have a very big potential impact if we're able to drive
And I think us being a collaborative network really helps in that kind of an effort.
Yeah, from the ecosystem and awareness side too, I mean, this is kind of the first kickoff
spaces where we're more internal in terms of this community and the people here now.
But our next space, for example, should be with a few of those other organizations.
So we can all talk about the specific topic and then each, both our community can get
exposed to the other cool privacy topics, projects, and then vice versa.
So I think that's something that we're going to be doing ASAP as well.
Cryptid Collective, just added you as a speaker.
And thank you so much for hosting this space, you and Bruce.
It's a great thing to do and really happy to hear there's going to be a lot more of
I had a couple of questions, well, two questions really, and both have got two parts.
So one was about how you mentioned about the big node operators not having to buy collateral.
Is that the case for everyone that anyone will be able to start and know this?
So for that, actually, I mean, Bruce, how does the on-chain mechanic work in the current
Can you start the node without staking first?
I think you can get a reader up and running, right?
But then can you just ask for other collateral and then be brought into committee?
So if you are tech savvy and you advertise and say that, hey, listen, I'm a tech savvy
person, I ran node before, I am accepting community or delegated stakes so that I can earn rewards
So just to make sure everyone needs to be treated the same, irrespective of if you're
just a person on their own or a larger node organization, everyone has to work under the
Yeah, yeah, everything's baked into the protocol itself.
So there's no selection mechanism that the foundation is involved in.
It's just all, you know, and there's actually the staking group on Telegram.
I know Pitbull is the leader of that group and he's listening here.
But if you ask for the link to that in the Telegram, they'll give it to you.
My other question about nodes is you mentioned something very interesting on the other spaces
the other day about people being able to simplify the node process through Google Cloud.
Are you able to say anything more on that at the moment?
I've just figured, filled out the rest of the forms so that the partnership can get
really kicked off, you know, paperwork with massive enterprises, right?
But the idea there is to even take it to the next level where eventually it gets to kind
of, you know, we call it the one-click node deployment.
So basically, they'll have a pre-built node setup where if you have a Google Cloud account,
you can kind of just get it deployed with button clicks and then it'll be linked to,
you know, an on-chain account where you could accept stake or stake your own.
So I mean, it's not far off, to be honest.
I don't think it's too far.
I don't want to quote anything because, you know, when you're dealing with a third party
as big as Google, things do tend to move a bit slower just because there's a lot more,
you know, checkpoints along the way.
It's not a scrappy startup that just deploys and breaks things fast and adjusts.
It's about launching with a, you know, pre-perfected product that doesn't break.
So there's still some, you know, many rounds of testing, but we'll get there and it's
So that's what I'm stoked about.
But I also have to say a big thanks to everyone in the node operators community that
have been so helpful to people setting up nodes.
There's been some great members of the community out there.
Yeah, like Vladimir said, I mean, the network really held up on opening day and, you know,
a lot of optimization still required.
You know, the B&B bridge has been a bit slow.
A lot of times the nodes on the B&B side are responding slow, so it kind of goes both
And sometimes there's not too much you can do if it's coming from another side.
But the point is, you know, things are running, they're holding up, and there are optimizations
and performance improvements coming and that are already baked into the roadmap.
So things we already knew about, like upgrading maybe the reader node speeds and capabilities.
You know, so they're already in the roadmap.
And then there weren't too many surprises, which is always a good thing.
So there's no, like, super emergencies that were detected that need instant fixes, at
least not yet, knock on wood.
So yeah, super strong start.
So thanks to the node ops for sure, because, you know, they're the ones powering the network.
Yeah, thank you for that, Brian.
My final question, and it's more a request.
I think Partizia has got a very good problem.
And the problem is that because Partizia is so complex, and it does so many things, it's
how you simplify the message to the wider crypto community about what Partizia is, why it's
better than everything else.
And I would just sort of ask that you sort of think about, I know that there may be a
route, an area where you want to naturally drive Partizia.
But for me, you have to be open for mass adoption.
And I think we need to find what the message is, the simple message that you can attract
everyone, because we don't know what Partizia is going to be used for in the future.
There's things that will be used for that no one even has thought about at this point.
So I just don't want us to pigeonhole ourselves in one direction when the chains that
rise to the top are the ones that seem to be primed for mass adoption.
And I know Partizia is ready for that more than a good thing.
That's such a double-edged sword, what you just described, because there's such a tough
balance between being a general open source privacy preserving infrastructure where
there's like, you know, 50,000 potential use cases.
And if you don't sort of maybe help guide a few of the initial ones that can get adoption,
you may just be like this vast desert that like people don't really know where to go.
But you have to foster a culture where people are experimenting and trying things with
the tech so that they can discover, like you said, use cases that we haven't even
So how do we like get to that point?
And then in terms of pigeonholing, you know, if you go all in on like one big use case
idea or two, and it doesn't work, like you said, you've kind of pigeonholed and you've
created an identity that's tied to maybe a specific use case that doesn't work out.
So it's such a double-edged sword, because if you do take the risk, though, and you
go for like really focusing on the interoperability and the DeFi, where we have like non-native
And if it works, you know, then you're going to be, you know, a multi, multi-billion
dollar protocol because the usage will be so extreme.
But the thing is, that's just one thing we're doing here.
So like, that's not the only thing we do.
So I'd say that you identify probably one of the biggest challenges for sure for the for
the project, because, you know, even for myself, when I sit down and really think,
like, what's the brand, like, what are we, what should we be promoting in terms of
It's a super difficult task.
Like, we've actually gone, we've even gone through like several PR firms and
experts to try to get them to like really define it well for us.
And like, what I've found is we're going to have to do it on it.
We're on our own here because like, they can't do it.
Like, it's a technical thing.
And there's a lot of vision involved from people who who have thought about these
problems so deeply for so long.
So like, we're on our own.
Like, we're going to have to create that narrative in our own messaging because you
can't really just you can't buy your way out of that.
You know, it's it's so custom.
So yeah, big, big challenge.
My take on it, my view is that it's one blockchain built to bring all other
blockchains together, that it could be theory, the underlying architecture to a
Yeah, one thing I just mentioned is I think we are going to be a great blog and
we've got some amazing technology, unique economics.
But the only way that I think we're going to end up becoming a great blockchain is
I think this is one of the big focus points that we have.
And the reason why we have that PYOC architecture is about enabling all of
these different types of token holders to be able to interact in our chain.
And so I, me personally, I generally try to refrain from saying, hey, we're
I think, yeah, yeah, exactly.
So I think you kind of just like both we both like Bruce and what you
crypted, what you just said is kind of actually bringing me back to the day one
of this like many years ago, like a blockchain that's bringing all blockchains
Like it is important to remember your starting point because that is where we
It was like, hey, you know, we need a blockchain that can bring bring a lot of
It can't just be everything can't be siloed and competing and needs to wire
And so that is what we're doing.
We're wiring everything together.
So, you know, you could consider us a second layer to Ethereum at this point.
You can move Ethereum for much cheaper.
You could run voting dApps.
You can even relay finalization to the root chain.
So like that is a great point that till you guys just both set it there.
It kind of just even made me remember like, you know, that was where we
So it is important to remember that and maybe we should incorporate that into
the messaging actually a bit more like like we were actually making t-shirt
designs the other day and kind of having a few different slogan ideas and
like bringing all blockchains together is actually a potential decent option
because like another like right now they had it's like empowering people
But it's just that to me, that's just not it's not understandable right off the
gate. Like if you say like bringing all blockchains together, it's like, okay,
well, they're doing something that's wiring all the blockchains together.
At least like that's where my mind would go.
But if you say empowering people, it's like, well, what the hell does that
even mean? Like with what?
You know, so everybody thinks differently.
That's just how I reacted.
But you do have to think about the biggest message, I think, and bring in all
It might not be the right one, but it is a bigger message than empowering people.
I think for me, it's about being specific because like for even like, you know,
some of the project descriptions that have been written lately, like we've
been revising, sometimes I read it and it's not specific.
You know, there's there's messaging in there, but it's it's not cutting
right to the core. Right.
And so that's I mean, listen, like we've been doing this how many years now?
It's just not an easy task for this project to do.
Like it just requires a lot of work and effort.
Like it's it's it's a challenging thing to describe.
Yeah, no, no, I hear you.
And that's a good problem because of the complexity.
And how wide its span is.
But yeah, also something that will need to be cracked at some point.
And I'm sure she here comes chief, chief DJ officer,
a eater of soul, a master of opium.
One shit coin a day keeps the copium away.
Chief DJ and welcome to the stage.
We haven't met yet, but let's we're bringing in a wide variety of guests today.
So why don't you go ahead and introduce yourself?
I'm glad that if that's entertaining for you, it's a very long time
That's pretty good, man. Not gonna lie.
Thanks, Brian. And I love your vision and I love that you do understand
that I listened to your life the other day and
how you said that, you know, the the blockchain just needs to be sexier.
Yeah, so partitioning to be sexier and as well as, you know,
being having more exposure and attention.
I'm just coming in from a sales angle.
And as you know, in sales, there is a saying called with them.
So this is a three part question.
What is in it for the customers or projects that's building on partition?
Second one is how will partition make money?
As you said, this is going to be a 10 year development long game.
So that runway will need to extend for that long.
So how will the company make money?
And then lastly, how will your investors make money?
Yeah. No, that's, you know, also internal exercise that we need
to constantly be doing and redoing as we progress.
You know, just the other day, I think twenty five thousand dollars got paid
in VYOC fees to the node ops.
That was a record day, you know, 100 hundred node ops.
It's two hundred fifty dollars.
But, hey, I mean, that's it's a great start.
You know, two hundred fifty dollar a day to run the note on Partigio
when it's, you know, just the beginning.
Once that number 10 X is you start making twenty five hundred a day.
You know, I think the word starts to spread a bit.
Hey, I just made twenty five hundred a day running my node.
It's going to attract more people to come and want to run the nodes.
They need to get staked collateral, whether they recruit it
or buy it and stake it themselves.
So, you know, the point of open source protocols,
blockchain networks is that it's not a company
and the company doesn't need to make money.
The node operators need to make money
so that they keep running the network.
So bootstrapped incentives like NPC token rewards
is something that is, you know, we have a 10 year runway on
that adds additional revenue.
Should the market stay liquid?
But then transaction fees is paying the node ops
And then if they're making money, more people want to also make money.
More people want to be node operators.
That's the whole point of tokenomics, right?
You know, we're not Coca Cola that's selling like a beverage
that only we make and centralized control the recipe for.
We open source all the technology anybody can build, deploy,
run the nodes, run the dapps.
And as long as we can promote the right use cases in the early days
and get the ball rolling, it's a self-fulfilling prophecy.
And that's the entire purpose of the open source protocols,
of tokenomics utility tokens.
And so, you know, our job is to guide it there.
But like, you know, you look at Ethereum and they've done a hell of a job
to, you know, look at, you know, I think they're on year eight,
you know, like being live.
But probably more like year 10 from when they started building.
So, you know, when we can get to that stage by year 10
and it's kind of a self-fulfilling prophecy, you know, they're not.
They still do make some money at the Ethereum Foundation.
By no means would the things come to a complete halt and totally disappeared.
So I think, you know, that's what makes the blockchain amazing, right?
It's that open source collaborative tokenomics that can can run itself.
And so, you know, things like Bitcoin.
Yeah. And I've always liked to promote it.
That advantage of what the BIOC is that when node operators are receiving
a reward, they're not dumping the native token on the market,
driving down their own value, but rather it's rock solid hard
stablecoins and highly liquid tokens from other networks.
And I think this is a very strong message that really needs to be
highlighted and get out, because a lot of newcomers are coming in
and be like, hey, why can't I use NPC as a gas?
And that's always going to be that first question.
And they think that it's a stupid idea that you can't use as a gas,
whereas we understand that it's actually a value proposition
for the tokenomics of NPC to not have it used as a gas.
Yeah, no, I get a bit of a laugh when I see that.
And, you know, I think whether it's I was on stage in a panel in Davos
and somebody asked, you know, I made a comment
that layer zero was a bit centralized, you know, the way they run the bridge
and, you know, they get to market faster.
You know, if we would have just centralized the bridge three, four years ago,
we could have just launched it and started letting people move tokens around.
But, you know, in the spirit of decentralization,
we built the whole decentralized product and got there.
And someone said, you know, oh, do you think it's really bad
And like, do you think that we just are going to come
to accept the centralization as like, OK, now?
it wasn't necessarily a criticism of layer zero the way they did that,
because they're doing great business from the business side of things.
They got to market first.
You know, they did it in a bit of a shortcut way,
but their product got users, it got adoption,
and then they marketed the hell out of it.
And, you know, look at the rewards they're about to
in terms of like, you know, market cap and stuff.
Totally different approach.
And, you know, that's a VC only backed project.
You know, this is a more community backed project here.
There's thousands of holders, you know, that came in the early contribution round
They just wanted to participate.
And so we took that approach and we wanted to do it that way.
We wanted to build the whole product before starting to market the reasoning
and the, you know, the fact that it's it's usable
We can really start to spread that.
And I'm not saying that was the right or wrong way to do it.
Like, that's a different debate.
But it's just where we are in the reality.
So like, that's a great and actually one of the main points
I wanted to discuss today on the space is like YBYOC.
Like you said, it is staked collateral underlying network.
And it relieves the downward pressure on the early days of a layer one
where, you know, the tokens have to be sold to pay note bills.
So that is exactly right.
We need to spread that message far and wide now.
And and we're going to do that.
So this is sort of this is day one of really getting out there
and talking about it now that it's live,
now that it's being used, the NPC token in the real, the real world.
You know, it's real transactions are happening.
This is no longer a sort of pre-launch token.
So let's let's get that message out as far as widely possible.
I'll just add one more comment to what you asked CDO.
You mentioned that the note operator is getting paid
in these highly liquid coins,
but that also that advantage also works on the other way around.
So if you kind of think about like, you know, a video game as an example
of that is being built on on BNB.
Well, if you build on a particular chain,
you've basically limited your customer base
that wants to play your game
and forcing them to actually hold the BNB token
or a derivative of that chain.
By enabling the UIOC system,
if you're developing a particular blockchain,
you've now opened yourself up for your customers
and your customers can play the game if they hold it there,
you know, BNB, Polygon, USDC, USDT.
And so if you kind of imagine it from the builder's perspective
and the business perspective,
you've now opened up your customer base far and wider than you can
just by building on a different type of chain.
And so this is the other thing that's been
that has gotten developers and businesses
that are wanting to build on a chain excited
because now they've opened up their customer base much wider.
So there's there's value propositions both ways,
both on the node operators as well as the builders on our chain.
That's awesome. Thank you.
I think I think that messaging just really needs to get out to the public
and the retail like, you know, to the sense you guys,
you guys know exactly what you're doing and what you're talking about
and where your product fit in the market fit is.
But it's just the awareness.
It's probably where it needs more work.
Absolutely. We're on it. We're on it.
Yeah, so thanks, everyone.
I think it's a good place to stop for today.
I hope that, you know, got some good information out.
And I look forward to doing this more often.
I think the next stage is to do more outward spaces
where we get some other hosts from other big communities
to participate and bring more awareness
both of what they're doing to our community and what we're doing for theirs.
So let's let's do that next.
And awesome guest joiners today.
Thanks for participating, whether you were listening or speaking.
Dining off. See you, everybody.