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RAC FM🦝Sponsored by Alphagrowth.io😎Shane from $STARS?🧐
Recorded: May 30, 2025 Duration: 1:55:22Space Recording
Full Transcription
you you you you you you you you you you you you you you you you you you you you
you you you you you you
morning Brian
morning morning morning morning.
We've just had a bloody power cut off a bloody massive storm.
Literally could not believe it, three minutes before my class ended.
Talk about the lights going out.
I've just fired this up bro, I'll send you a mic and let me get this retweeted out, look here. Thank you. all right peeps we're running a little bit late all right hello access mate we're just running a
little bit late mate uh we've had a power cut yeah i'm just gonna dm this out for a couple
of people i've literally just fired it up all right let me get my co-hosts in as we do the
co-hostess with the mostess Fingers crossed.
All being well.
We hopefully, hopefully, might have Shane coming on this morning.
Being a bit late is not fucking helping me, like, is it?
Fuck, bro, I couldn't believe it, man.
I'm due to finish.
7 fucking p.m. on the bounce, right, from my online class.
Supposed to be finishing 7 p.m. on the bounce
and the fucking electricity, like, we had a massive storm
just blew out of nowhere.
Fucking electricity went out three minutes
before my bastard lesson was ending.
I could not fucking believe it.
I cannot be hosting spaces in the fucking darkness man.
No, fuck that shit.
I'm not game for that.
Where the fuck is B-Bands?
Just to fucking DM me.
He said it to- I'm coming.
Aye, so's Christmas woman, so's Christmas.
Yas in here.
Two seconds access, we'll get this kicked off aye? Thank you. Aha, here she's here. Perfect. Right. B bands, B bands. Let's get you in. Let's get this set up.
I couldn't even DM Shane until I had a co-host, right?
Right, okay. Invitation sent. Let me just DM this out, B-Bands.
Sweet Cherry Pie Sweet Caroline
How you doing?
The actress that's playing her is way too pretty
Did you see the harmony granger shit or not?
No I didn't see the Harmani Granger thing.
What was that?
HBO or whatever it is, it's just cast
the kids for the Harry Potter series,
right?
And who did they pick?
They swapped Harmani out for a Latinx,
I think.
You know what?
I mean,
the name Hermione, I mean, it could be, like, Hispanic sounding, so maybe.
Imagine if she came in and she would start to be like,
Yo, S.A., yo, S.A., honey.
They're going to call her, listen to me, you little muggle.
You little Latin muggle, you better get out of here. Proper muggle now, isn't she? Proper muggle You better get out of here
Proper muggle now isn't she
Proper muggle blood right
You have no magic blood in you
Not magic born
Hey you
Oh my goodness
Wait I got the best news ever
Like when I woke up
So Jen Psaki
Has literally quietly been fucking Tak taken off the air by cnn oh i see ms msnbc
so you know sackey replaced rachel maddow right uh the ratings have gone down from when uh maddow
left and her ratings were in the gutter the ratings have gone down another 51 in a week
and so they've just got rid of her
Fucking ginger cunt
Holy shit, who wait
Who was that? Who was it?
That replaced Rachel Maddow
Gensaki
By, you know the ginger press, uh, press secretary
Biden's first press secretary before, uh, KGP
Oh yeah, yeah, yeah, yeah, I remember her
She's like, yeah, yeah, yeah. I know who you're talking about.
Then Saki, the little, the little Nazi, the little fucking communist.
Allegedly.
Well, you know that she's getting tagged in with this Biden cover up, right?
That sucks.
Listen, everybody knew he was freaking not in his right mind.
It's everybody's fault.
No, let's talk of her being subpoenaed as well
this is getting really serious you know that's ridiculous you know like this
yeah
he said it was damn early for him.
And I went, I replied and I just said, oh, bro, look, we'll be live for a while.
So just like drop in when it's convenient for you.
Yeah, I saw it.
But I also really, I kind of wanted to build up a room a little bit.
Yeah, it's better to have more people in here.
But here's the thing, though.
If Shane comes, people come too.
They're like, oh, Shane's in here.
Let's see what you got to say.
Yeah.
And I was thinking if we kicked off the show
and we brought loads of speakers in,
we're only going to have to drop them down to listeners
when we start getting your man talking, right?
Yeah, it's not a big deal.
Oh my gosh, I use this nose spray that's atomic.
It's the worst tasting nose spray,
but it works really well.
It ruins your taste buds for like fucking two hours.
Well, I hope you have a better Friday than me.
I mean, I don't even know fucking what time I was fucking out there last night and trying
to walk home laughing me out of texting you a lot.
Fucking I was howling last night in that group chat.
Fucking howling. How funny funny i love our group chats sometimes i just go back i'll wait and i go back and i'm
like oh he's on a rant he's going i don't think i don't think i left the lake till about two right
i'll tell you what when i woke up this I was hating my fucking absolute life today for the first, like, three hours.
Till I got a joint down the canal, right?
I was in pieces this morning for three hours.
In pieces.
Let me see, where is the connection for this?
Hold on, I just gotta connect this real quick.
Do you know what I've just done?
I've just done, there, six hours solid work with brick.
Six hours solid of what?
Online teaching.
That's my job, isn't it?
Club.
Oh, yeah.
No, I just, I didn't, I didn't.
Friday is me.
I mean, you know, I'm only busy, like, Friday and Saturday now every week.
I'm only working Friday, Saturday because my evening contract just finished.
But he said he's going to sort me some out because i've been uh recommending some stuff
for workshops and he's like look dude you you're first in line for the contracts when they come in
you know he just wants it he wants to get me something juicy lined up you know that's cool
the house is empty i have no kids in here no. He's going golfing for his business, for his work.
So there's a beautiful freedom happening right now, and I love it.
Does he often play golf, like, does he?
Yeah. Well, we, like, the summertime and fall and all that is for golfing.
But, yeah, he used to have a membership at the country club.
But then, like. Oh, oh membership at the country club but then like oh oh at the country club yes oh okay fuck i knew after i said it i realized i i i just i regret that okay so
well that makes you that makes you a country club wife right
no i just it's just a little it's just okay first of all we're not members of the country club wife right no i just it's just a little it's just okay first of all we're not
members of the country club anymore just because he's he wasn't going as often like last season
but this season he's been going a lot so i'm probably gonna renew our membership but uh
yeah like sunday we're going golfing we're to do nine holes. And we're bringing our daughter.
And she's going to play with us.
Last time I did nine holes, I think, was when I was at a fortnight in Ibiza.
It's pretty gross.
And when you do nine holes, you always come back with something.
Back in them days
There's medicine for everything
Back in them days, man
Everybody was fucking in the bathroom
And that's all I cared about, honestly
Everybody was at it, fucking every minute of every day
Yeah, I um
Do you know what, babe?
I'm kind of glad today, like I don't have to be in the space tonight
Actually, I'm kind of glad about it So he's up my Friday Well, that pissed me off I'm kind of glad today. Today's like, I don't have to be in the space tonight. Actually, I'm kind of glad about it. So he's up my Friday.
Well, that pissed me off. I'm not going to lie. I'm just going to come in here.
And I don't know how your conversation went. I'm just going to see like, like,
especially if you drop and get research on like people like towards the last
the last minute no even even if it's not towards the last minute that's not the point like holy
minute. No, even, even if it's not towards the last minute, that's not the point.
shit you have he has a whole itinerary with expectation he's like tanks tank um this tank
and raffle and then a specific project and then it's like a list a whole list of all these projects
and then my name next to a project i don't even know about these projects i don't know nothing
about them nothing then they have all these docs and information then my name next to a project, I don't even know about these projects. I don't know nothing about them, nothing. Then they have all these docs and information. And
then they were like, okay, now here's the lore. And then they sent, then, then, then he's like,
do you want some more information? I was kind of curious. I was like, yeah, go ahead, send it.
Cause I don't know what you're talking about. Then send me all this lore shit that I like to
read, to understand. I was like, okay, first of all, I'm all about coming in here and making people laugh and blah, blah, blah.
But like, am I your dancing monkey?
Like your little slave.
And then like you, you guys get to make fucking thousands of dollars and make money.
But like, the only way I can make money is if I try to buy into your project.
But I also have to hear and try to support it too.
Like, get the fuck out of here.
It's fucking crazy.
I've been here a long time
I don't need it
Well you know that I didn't know about anything about this
So I haven't spoken to the guy
Obviously I sent him the
The Dow Spotify links
Because he asked about them
But no mention at all
The only thing I mentioned was like
Oh it's 3am I can't do it
I'll save Beybands We'll be willing to co-host on the Rack FM account No mention at all. Like, the only thing I mentioned was like, oh, it's 3am. I can't do it.
I'll save Beybans.
We'll be willing to, like, co-host on the Rack FM account, right?
And that was the end of the conversation.
I didn't know that there was any of all of this.
Like, where's the fun?
Where's the fun element?
No, no.
Here's the thing, though.
You want me to do, you want me to know about all of these things.
You want me to know all about these things, understand.
And you want me to do want me to know about all of these things you want me to know all about these things understand and you want me to entertain you i already spend the mornings like of my time here on rack fm now you want me to come in the nighttime for the free for two hours and explain projects
and like be be entertaining and stuff like that like basically keep the room entertained and you don't want to fucking drop me like a nickel.
Like get the fuck out of here.
Like you're so cheap and it's so sad.
It is so sad.
And I'm going to say here right now, Joe, I'm doing a show with Joe on Rack FM.
It's going to be Rack FM and Joe like on, on evening once a week.
And Joe was willing to pay that.
And you, you guys can't fucking do nothing get out of here i was so
mad i couldn't even i i was like i end of conversation i'm out and then he was like well
we just wanted you know we thought you know you you guys we would help you get your name out there
like oh we're so important you don't deserve to get paid but we're so good we're gonna get your name out there i'm like i'm well that's
taking the piss that's taking the piss we don't need no one or nothing to get our name out there
we're doing it ourselves like five fucking six days a week yeah that's what when he when he's
when jg said that i was like whatever you just think you're too important and i'm just lucky to
be in your presence and that attitude right there that is web three greedy fucking motherfuckers
not talking about anybody from alpha growth.io because this show is sponsored by alpha growth.io
where you go and the alpha grows thank you so nice welcome for brian there it's nice that people are
reaching out to us though and asking us to like say co-host like big spaces like with them or for them
It's still like a nice thing that people think or who will be good like to cope with co-hosting
Yeah that is very very nice but it's not nice when people take advantage
Like that's not nice
They already know Rack FM is on from Monday Even sometimes on Sunday
You know, except for Saturday
Like six days a week
And you know we're here talking for two to three hours
And I'm here, and you're here
And you don't even want to fart
In my general direction
Like get out of here
Before we bring Brian in, I will say something very quickly though
It works differently with us when we do our own interviews
Because we interview projects that we're already into
So we've kind of like done our research by being into the project in the first place
And then we think oh these would make a really good show
I don't know about 10, 15 fucking DAO projects
I don't know these projects
I don't know these projects.
I don't know them. Like, really?
How many, anyways, whatever.
I'm good, I'm calm.
I'm sorry guys.
Put your nice hat on.
I'm gonna put my nice cap on.
All right, put your nice cap on
and welcome our guests
because you love welcoming guests.
Yeah, and you love not letting me.
But anyways, Brian, welcome to Rock FM.
How are you doing?
What's new?
What's going on?
Tell me, tell me, tell me.
Are you guys yapping?
Are you getting loud and yapping?
Have you seen this stuff?
It's wild.
So I think right now,
the thing that's taken over my timeline,
not personally or work-wise, but like all of the
marketing and growth people that I'm talking about are talking about loud. They're talking
about Kato. They're talking about Yaps and in the intention economy and trying to spin out this new
narrative called InfoFi. And I'm like it, but I don't think I'm very tentative around this kind of idea of like InfoFi, which is this concept of analytics and tweets, the attention economy as advertisements.
Because every time I've seen this in any industry across the board, it is collapsed.
industry, uh, across the board, it is collapsed.
And I could go into like a lot of different reasons why, but right now it is all
the jam that talking about Kato steak, kid, Kido, and, uh, it's printing.
It's printing right now.
And so get on, you get it on the app or leaderboard and, uh, you create your
account, you attach your Twitter and you start chit chatting
about things and you get paid.
Yeah, I went to my, I created a Yapp thing
and then I went into it and like, I've had it for a while
and it's like zero.
So I was like, oh, I don't know how to Yapp.
Is that the leaderboard thing?
Is that the leaderboard thing?
I've seen everybody tweet about, right?
How many Yapp apps you got?
And I was like looking, I was like, oh, that's nothing.
That must be what I've seen all over the place, right?
Is the leader, but I've seen loads of kids talking about the leaderboard.
Did I just annoy Brian when he leave?
No, he keeps getting calls on that all the time and he loses his connection dead easy.
Oh, okay.
So I have seen this brian i've seen like uh loads of people tweeting about where they are on the leaderboard and that
which if i connect to wi-fi on twitter spaces and it like knocks me off um yeah so it's cool
but you have to it's almost like okay so i've done a lot of like KOL and influencer purchasing back in Web2.
And there's this website, analytics website called Social Blade.
And what you get is kind of the lifespan of a KOL of an influencer is very much like the lifespan of a meme coin, except over like a longer time horizon.
except over like a longer time horizon.
Meme coins can be days, they can be weeks.
Meme coins can be days, they can be weeks.
The time horizon of these influencers and KOLs,
if they're really popular, is like months to a year.
And so what ends up happening is you get a pump
and then you get kind of like a prolonged
and like the slow decline and then a rapid decline.
And so what's happening with this leaderboard
is they're saying, okay,
let's monetize your influence. Let's monetize your yaps. And when we monetize the influence
and you monetize your yaps, you're going to have your day in the sun. You're going to have your
peak influence, your peak attention cycle. And then effectively over time, it goes down.
Or you can invest in YouTube, right?
So it's like you want to invest in –
I think we'll get to the point where you effectively invest in the yapper,
like the individual KOL or influencer,
but right now you can invest in the platform.
It's called Kato.
And there's a derivative on Solana called Loud.
Loud is pumping.
Loud is pumping attention. If you stake Kato,
you get part of the funding and the fees that
come from the entire attention economy. I like the idea.
I appreciate the idea. What I don't 100% understand is, you know,
how long it's going to stick around in the mode here
because the costs to advertise on Kato are massive.
So I want to use Kato as a as a marketer per project per ticker
i need to spend 150k on the platform and that doesn't get me anything what what yeah yeah yeah
and they got like they got like 30 clients i'm like i i talked to these guys that he said like the head of yeah so then you have to spend
they suggest another 450k on a token airdrops fees and competitions for the yappers
so you're talking about a 600 000 spend a. Yeah. And they got like 30 clients now. I'm amazed,
to be honest, because usually when we do test spends, they're in the like the 25 to 50k
range. It's like, cool. Like, okay, cool. 25k works. Let's see if 50k works. 50k works. Let's
see if 75 or 100k works. Great. And then we'll find the diminishing returns on spend.
great and then we'll find the diminishing returns on spend um but yeah 600 is like
i told him there's like 20 or 30 projects in the world that can spend a test spend of 600k
and uh i guess they got them all but before you're using this now you've got to have huge vc
fucking back and then fucking proper rounds to be able to just go and throw money around like that. That's not chicken feed
money at all.
No, it's not. And
Loud, and the whole thing with Loud is
some
major percentage of their token
drop is literally being spent on
something like 20%.
Not guaranteed,
but there's a minimum FDV of
a million dollars because they've raised
a couple million but 20 of the token airdrop is going to kato and kato yappers as part as
basically as a new airdrop mechanism which i think is cool so we'll figure out if this is like a new
airdrop meta or this is like a new you know i don't know i don't know
what's going to happen but um i can see that being a new airdrop meta brian am i right in thinking
brian am i right in thinking though there is sort of like plenty of ac money sitting around
for investments i think i just saw a one yesterday
uh a series i think and i think the raised 25 million or something like that i'll have to go
and check i'm sure i bookmark that but there seems to be like money floating around uh for for vc
investments and like that but it's like it's and it's big money as well but it seems as if like
people are a little bit more picky these days do you know what i mean brian so i did that it's and it's big money as well but it seems as if like people are a little bit more picky these days do you know what i mean brian it's not dude it's flowing but it's not like so the
way that these cycles generally work is uh we get bitcoin all-time high which we're at
you get six months later you know we'll find kind of like where we're going to settle at before we kind of go down.
And at the back end, six months to 12 months from now, you're going to see a shit ton of VC rounds.
So like we haven't seen the VC rounds yet.
Right now, the conversations are starting of who to invest in and why to invest in.
And I think like I'm going to put out an article on this,
but I think we still have like a 3X in Bitcoin price.
It has to do with like the interest rates
and the hurdle rates of dollars versus Bitcoin.
Because like right now the hurdle rates
and the beta rates of like dollars
are three times higher than Bitcoin.
So I think that kind of like pushes into the market
when kind of they saturate back.
I think we'll set around $300,000.
But if that's the case and that happens over the next 6 to 12 months, then we're just going to see a plethora of investment.
Maybe not like 2021, but yeah.
Okay, six months would be like december yeah so i think
we'll see a bunch in september that's normal and then i think you'll see a bunch in january
as well i like i like that bitcoin's got a 3x in it i like that sentiment I'm all about that sentiment. So we interviewed around 22 capital providers.
And the rates that they want on Bitcoin are around 4%.
And the rates that they want on dollars are like 16%.
Like 15% to 16%.
It's like 4% to 6% and like 15% to 18%.
So if you kind of like round it out it's about a 3x multiple
and so what will happen is when they want more uh they it's a weird thing they don't need as
much bitcoin and so when like the rates kind of settle where the they're at parity of dollars
um that means bitcoin's pricey.
And Bitcoin still isn't pricey.
Bitcoin doesn't feel rich to the major whales and investors,
which means they're not looking to sell,
which means that they're going to hold.
So the money will flow from dollars into Bitcoin until the rates kind of throw an article when it's ready about it
oh we're gonna say good morning to red eye i've just had an update from shane he says give me a
bit so guys anybody in the crowd i see manors here access jordan fish guys if you don't mind
just give us a retweet the room out for us
Yeah, it's quite easy
You'll be able to see the little share button down there
And just use the stars cash tag
Or something right
So you'll notice the title with Shane from stars
Question mark, because it is like quite early for him
And I said look dude
We'll be up for a couple hours, we'll be recorded
Just jump in when you can
So please retweet out the room, he says give us a bit Probably having having a coffee same as our mate red eye and then we've got shane in
this should be really good really good because him and mags just had a conversation two days
ago as well so uh i'll have to talk people before he comes in i don't know if any uh amendments have
been made to the prop yet but good morning red eye you want to say good morning to your brother
ah good morning guys i am uh i realized you guys were doing an earlier space because uh
the group chat was blowing up first thing this morning i was like god damn these people are
getting active already good morning you missed the drama 3 a.m and we're like 3 a.m robo's like and check out what happened
our chat like starts at 3 a.m eastern you've missed you've missed the drama because uh
i was literally three minutes before the end of my lesson so like three minutes to 8 a.m est
and then the bloody lights went out dude we had a massive heavy storm typical from bangkok typical
thailand the bloody electricity
went out so i was in pitch blackness for like 25 minutes i was in despair to be honest with
if i'm being honest with you i did six hours online uh teaching without a break and then i was like
all i want is a space like i've been talking to retards all day all i want's a space like
and i couldn't get one and i was getting really pissed off like now when the power goes out does it get like really really dark uh where you live
or you went from talking to retards and talking to artists
yeah i'm just gonna have a bunch of random questions for you. No particular order.
I've got to mention something.
Did anybody see them casting?
We've just been talking about casting earlier.
Did anybody see them casting Sam Bankman-Fried and Caroline for this Netflix show that they're going to do on it?
The Netflix movie.
Yeah, I took Red Eye's thing and I put it up in the nest.
Oh, she is too pretty pretty She is too pretty for her
That is artistic license
I mean, where's the fucking red knees in that?
Like, that is pure artistic
Like, they're taking the piss with that, Katzen
I thought how Manny Granger was bad
That, Caroline, come on
She didn't look like that
She's a fucking dog
But remember, they made Cameron Diaz look like that monster
That lady
Arlene War
Is that her name
The serial killer
You know who I'm talking about
Arlene Warhol is that her name
And that monster movie Cameron Diaz
Was it not Cameron Diaz
It was
The other white lady
The other white lady
What's her name Jennifer Lawrence Was the other white lady. The other white lady?
What's her name?
Jennifer Lawrence.
Jennifer Lawrence.
Who was it?
Oh, my gosh.
I'm going to look up.
There's only two white women in Hollywood.
Okay.
We'll believe you.
No, like really good actresses.
Hold on a second.
Why you find it, I am going to ask Brian if he has paid. He probably hasn't.
And I wouldn't blame him.
Uh, just gonna ask Brian if he has actually paid any attention whatsoever to the,
stargaze,
hope situation.
This merger and acquisition.
Did you,
did you pay any lip service?
Charlie,
Sharon.
Charlie,
Charlie,
the wrong.
Okay.
I think.
Yeah. Charlie, the think... Yeah, look.
Charlize Theron, yeah.
Sorry.
Charlize Theron.
Is he breaking up for you guys?
Yeah.
Brian, we're losing you really bad.
Even better.
We're losing you really bad, brother, okay?
But I think...
Yeah, Brian, you might have to reconnect.
There you go.
Right, guys.
Very quickly, I do want to say
we do have a very special guest in the audience, okay?
A very, very special guest. And audience okay a very very special guest and also not only
a special guest. Hey fam sounds like I
interrupted upon discussion over here
so what did I miss?
What are you guys talking about?
Oh mate you didn't miss the most.
Brian was getting rugged there for a minute
so you actually came at a perfect time
We were just talking
about serial killer and Charlie Starr
And playing her and how ugly
They made her look
Something happened with my audio, I'm not hearing anything
Can you hear me?
That's a joke, that would be hilarious
Can you hear me or is it just B-bands?
Red Eye, can he hear you?
Shane, can you hear us?
Maybe not.
Yeah, there's a few people having issues, isn't there, today?
With the space of the last week, there's people having audio issues and that, right?
All right, check, check.
Microphone check.
Yes.
All good. Clear. Okay, here we go we go all right i switched to a computer
my phone had like 80 apps open i apologize yeah dude i'm i'm excited i want to hear all about this
like stars m&a i think that's what the industry needs right so we get these like apps like get
this like rapid attention growth and and then you need to figure out like how, what's the long-term business model. And so we get all of these, all of these dApps and app chains that blow up and they get, you know, some semblance of market share and it's cool.
Right.
And then they have their like peak in the sun and, you know, maybe this, it's, these chains are in these dApps aren't like, you know, worth hundreds of millions or billions but they're most worth a couple million tens of millions and they'll continue to spit out tens of
millions of dollars of value a year or have like that as the price earnings ratio and um you know
you see consolidation and it's just the natural order of things so i think it's very healthy for
the industry to to have mnds yeah and this is probably i think one
of the most interesting uh discussions that we've seen for quite some time uh it's really generated
a lot of community discussion i mean people have been talking about stuff left right and center
and like we said yesterday you know opinions are like assholes everybody's got one uh that doesn't
mean that people are right or wrong people are just expressing what they think but this is such a major major thing but i'm over the moon guys
please retweet out the room uh shane do we have your back brother are you back with us yeah
yeah i'm back i can hear you guys i'm gonna have to mute for a little bit in a bit but
but i'm here for now superb me For now. Superb, mate.
Superb.
I'll tell you what, Shane.
I'm going to DM Mag very, very quickly because I know he's very, very busy.
But he did say it had, like, hit him up, you know.
Shane, my primary question for you would be, you know, we all believe that this protocol is your baby.
all believe that this protocol is your baby you know you incubate incubated it from day one
You know, you incubated it from day one.
if you were to kind of like see what your priorities are in regards to uh your holders your
stakers uh or your end users versus like the validators versus your team versus the protocol
is like is it the survival of the protocol your number one primary concern above everything
else or are you evenly divided between the different interests?
Yeah, I mean, that's the main problem is there's a lot of interest.
As you mentioned, there's a lot of different stakeholders and everyone sees Stargaze in
a different way and not everyone sees it as the
complete picture. So it's because we don't have a different name for everything, right? We don't
have a different name for every app really, right? If you go to any other L1, like, you know,
Ethereum has OpenSea, Solana has Magic Eden, they're not all called like one name, right?
So when it comes to valuing Stargates,
people have a bit of a hard time because it's the L1,
it's the core apps on the L1,
there's multiple third-party ecosystem apps on the L1.
I don't think it's ever been valued as a L1, right?
And then there's obviously the NFC collections and all that kind of stuff.
So, and people are right now still trying to even figure out how to value L1s and Ethereum and stuff like that, right?
There's all these talk about revenue and stuff like that.
And, you know, recently I saw like, like, it's funny if you look at the tweets from like the VCs versus like the users, right?
Like you'll have a VC tweet like, oh yeah, I don't think Stargaze is worth any more than 2 million.
And then, you know, you have users who are like, oh my God, like Stargaze is like, you know, at least 10 million or more.
And like, it's invaluable or whatever.
And then you have like investors in crypto that don't understand anything about Web2 or valuing products, right?
So like in Web2, if you have a product that has 40% user retention, you have like VCs throwing money at it.
And the crypto VCs are like,
don't even know what that metric means.
Cause they, all they know is market cap and,
and, and, and token and, and all that kind of stuff.
So this is complicated.
I think, I think we'll have,
we'll see more stuff like this in the future.
I think this is like one of the first times
where you have like apps bundled with the chain we'll see more stuff like this in the future uh i think this is like one of the first times where
you have like apps bundled with the chain and everything so that's why i think people are
having a hard time with it but hey guys i gotta i gotta mute for like two minutes and i'll be back
okay no worries yeah no worries take your time buddy take your time yeah i mean we'll uh we'll
get a little conversation discussion on the
go at this point you know uh one of the things i really wanted to know you know b barnes is like
just how like easy was the decision you know was it like a quite an easy decision to make or was it
quite like a difficult one that you had to like you know procrastinate over for quite a while you
you know what i mean i i can imagine that it probably wasn't the easiest
like decision to make like quickly.
You know what I mean?
Sorry, Brian, mate, go on.
Yeah, look, I don't wanna speak for, you know,
Shane or anything like that
because everybody's experience is different.
I can tell you when I sold a company
and I did a merger, I was done, dude.
I ran a development agency for like three, four years.
And by the time the fourth year came around, I was so done with the company that I was happy to sell it.
I was like the stress, like the hopes and dreams and like all of the aspirations that you have in a company.
stress, like the hopes and dreams and like all of the aspirations that you have in a company.
And then like, if it disappoints you, you're, you're just excited to get out and like do
something else. Cause like, there's like an emotional baggage associated with running a
company that I don't think a lot of people understand. Like all the people that kind
of come through all the contracts you've won, all the contracts you lost. There's this, there's this like feeling about it.
Right.
And what can happen over the long period of time is that it starts to,
you know, it's an exciting,
it's almost like a relationship you have with like a girl, right?
It's like exciting at the beginning.
It's amazing.
Oh, it's okay.
Oh, how did it get me out of this thing?
I want to get out of this thing.
You're literally like kind of getting like a divorce of your, of your, from's okay. Oh, how do you get me out of this thing? I want to get out of this thing. You're literally like kind of getting
like a divorce from your company
when you sell it.
And it feels really good
to like get all that burden off your back.
And especially,
this isn't Web2
and just like agency and development stuff.
I can't imagine the amount of pressures
in selling like a Web3 protocol.
You have investors, you have validators, you have users, you have this like massive, massive
shareholder ideal, like there's a lot of idealists. There's a lot of like these priests almost that
have these certain belief systems on how it should be. And I'll be honest with you we haven't figured out yet how to how to
run this thing that makes the users happy the validators happy the shareholders happy the token
holders happy all at the same time so there's like a lot of expectations and you're always going to be
upsetting one of them so um when you were talking about when you were talking about your experience
there with the company though, right?
It almost sounded like a description of like, you know, an adolescent child.
You know how like you'll raise a kid and when they're young, they're really nice and it's all like happy days and play days and stuff.
And then as they get into adolescence and they start getting a little bit grumpy and a little bit troublesome.
Do you know what I mean?
It is. Honestly,
it's very similar. When you go and you start a company, that idea and the idea and the project
idea is the most starry-eyed spot. The idea is pure. The belief system is pure. And then as you
hit the market and raise money from investors and start to get feedback
from users, it chips away at you piece by piece by piece until you're just like, okay, this is
the only thing I can do are these set of actions to let this thing grow. And so you need to like
do all of this rapid experimentation at the beginning of a startup. It's like, I think a
startup's rapid experimentation until you find a repeatable business model is my definition of a startup it's like and i think a startup's you know rapid experimentation until
you find a repeatable business model is my definition of a support startup and then once
you have a repeatable business model you are you're a company right and so when you kind of go
through that process and you don't know what it looks like and you and you have these kind of
grandiose ideas you are very childlike and you have to have that uninformed
optimism because if you actually knew what it's going to take to make a company successful you
probably wouldn't do it in the first place because you have to change yourself and like change
everything about you to make your company successful and that's really really hard
and really if you think about it a a protocol like Stargate or so on,
they're kind of up against it as well because you're dealing with essentially
like a community base that is quite unorthodox.
I mean, we could all say that NFT communities, like generally speaking,
by definition, by default, it's quite like unorthodox,
like group of people, isn't it?
To try to sort of keep happy
and manage the expectations of, right?
It's not your normal kind of like crowd, right?
Yeah, it's a bunch of DGens,
like creative artistic DGens.
You have the artists who you need in this world
to show how beautiful the world can be.
And then the people that follow them,
you get a lot of ideologues and a lot of idealists, right?
And so it's like, yeah, you have servers to pay
and you have developers to pay.
It's the clash of the two things, right?
It's like you need the creative chaos of artists in the world
and then you need the accounting accounting cfo like autist
steps at the same time to make sure that the the world is maintained and run uh and and order is
brought to the chaos and you and something like stargaze is the clash of the two
yeah and and something that a lot of people have been talking about as well
recently with cosmos has been like validator sets being like over bloated and stuff like that you
know a lot of people have been saying in the quest for like true decentralization maybe it's cost like
cosmos chains or ibc based chains a little bit by like heavily sort of,
you know, outsourcing all the validation work to, you know,
120, 150, 170, 180 validators, you know, where, you know,
did validator sets really ever need to be that big?
It's probably looking like not if you look at the success of some other chains,
you know, Shane, mate,
please feel free to let us know the minute you're
back though buddy but you know yeah yeah i'm back now i'm back now and uh yeah i i love that piece
of discussion you guys had uh brian was just spot on with with everything he said um yeah this stuff
is complicated there's a lot of stakeholders you start start out very idealistic. I think crypto in general
in 2017 and so forth started out very idealistic. And then we kind of ended up learning
that no, these things are really just startups with a token.
with a token um and like you know look at something like hyperliquid right there's four
validators i think they're all like all run by this t same team in the same data center or
something like that and um and they kind of need that for like performance for their order book and stuff and uh um it is just that like you know i was around in web 1.0
and also it's just the same thing it started off very idealistic uh and then
you have to kind of build real businesses on top of these things and and uh they don't they don't always match and there's kind of a lot of clashes.
Stargaz especially was just very challenging because we're kind of building in this ecosystem
full of a lot of stakers and not really much of an understanding of product.
Like I remember when Dey summer was happening in 2019
like all of crypto was super excited about it playing around with defy and then you come to
cosmos and no one has any clue about what's going on they're just staking just passive staking and
earning yield and then here we come trying to build a retail consumer-facing type product in Cosmos.
And it gets adoption, especially after the airdrop.
It got a lot of adoption.
But I think reading a lot of the comments, especially on the Atom forums and stuff like that there's still just a ton of people here who just
don't understand anything about i mean i don't want to you know i don't want to badmouth the
community but you know there there's there's still a lot of people who just don't understand this
stuff don't know how to value value this stuff and um it's very hard to make all the stakeholders
happy it's going to be impossible to make all the
stakeholders happy and you know unfortunately i'm gonna be the fall guy and take the blame for
everything but you know i'm uh i'm i'm doing my best to kind of keep keep stargaze going uh and
and and you know some kind of deal is better than no no deal right um it's it's it's
it's better to uh get the product in in good hands uh make sure people can still trade all
their nfts and stuff like that and and and and hopefully have it even grow and build new stuff
in the future i mean that's what i'm I'm more excited about. And I think that's something a lot of people aren't seeing
that would be part of this deal is that, you know,
I have built this incredibly well-oiled team.
And if you look at what we have built, right,
we've built Launchpad in three months.
We've built Marketplace in three months.
We've built the name service in three months, right? So we can literally build any product in like three months.
And the only thing we're hampered by is capital. And it feels like the last year or so, I've been
trying to inject some capital into stars, and it's just hard.
There's not a lot of people that are willing to do that.
So I would rather just be absorbed by a bigger token that has a lot more liquidity
so people can do what they want to do.
And then the team is kind of removed from the shackles
of trying to manage this token and actually focus on what we're good at, which is building product. then the team is kind of removed from the shackles of like, you know,
trying to manage this token and actually focus on what we're good at,
which is building product.
So, Shin, obviously we kind of get the fact liquidity is being like your biggest barrier,
you think, to really like blown up even further.
Yeah, that's our biggest problem, right?
I mean, I would say if liquidity is solved, then everything else is solved.
So because the liquidity is so low, there's whales who cannot buy into the token.
A lot of people don't realize this.
It's because slippage is so, so bad.
So if you want to buy any more than like 300 worth of stars yeah the
slippage is something like four or five percent or something like that it's it's so so it prevents
like high net worth individuals family offices hedge funds you know all these kind of institutions
of getting into stars uh prevents whales from getting into stars so even if people do want
to buy it in size they they can't, right?
Unless they do some little DCA thing, right?
And it prevents people from coming in from other ecosystems and trading and stuff like that, right?
So I guarantee if the token was a lot more liquid, it'll be doing much, much better.
And also the market cap will be a lot higher.
In a certain sense, this is almost like a steal for the hub.
And it's almost like a bit of a blessing that the market cap is so low because it's within reach of the hub and it's actually affordable, right?
low because it's like within reach of the hub and it's actually affordable right i think i think if
the liquidity was much higher the market cap would be much higher it'll probably be you know i i don't
know maybe maybe slightly lower than where like stride is or something now uh and then and then
any kind of acquisition at that point will be just impossible because it'll be it'll be too much it'll be it'll be higher than the
it'll be more than the community pool of the hub right it's like uh um i know i know like icl try
to like acquire osmosis and that would have been impossible from the community pool and they you
know you didn't uh like like the hub would have had to like new Adam to try and do that and that this deal didn't make any sense
we're almost
kind of lucky to be in this situation
where
we're in where it's actually
like a total steal to
acquire Stargaze and have it
be successful
on that one you know we did like a two-hour space on monday one of the things that came across that was very very evident was you've
built a kick-ass product right there's nobody i don't think there's anybody in the room anybody
that's done anything on cosmos ever would say stargaze is not one of the best apps we've ever
ever had on cosmos flat across d5 across nfts across
everything right everybody said the app is with us right i just want to ask you shane
was this an it when was this an easy decision for you or did you have to like sit on it and
procrastinate for quite a while or were you like no no i've got to save the baby i'm going to make
the move was it an easy decision or did you have to think about it a lot?
Well, I know that something has to change, right?
I know I have to do something.
Like I know that I don't want to just see Stargates die.
We built something awesome.
There's an awesome community.
There's people who use it every day, and that could grow if it's exposed, if it's in a larger ecosystem.
So that decision was pretty easy.
It was more like how and to whom and how it would work, right?
I mean, we have other options and there are other options.
It's more about finding which option is best.
And if this doesn't work out, there's still a plan B and plan C.
So I just think this option is the best,
more so because of future stuff that we can build as well.
And I just want to make it clear, too.
If Mag and Barry and if ICL wasn't a thing, I wouldn't even consider this an option.
I was going to leave Cosmos because I didn't think Cosmos had any decent people left.
And it was just, you know, a whole bunch of grifters.
And these grifters are part of the people that screwed over Stargaze.
And that's a lot of people in commons don't understand that, right?
They're calling me cartel or whatever when Stargaze was destroyed by the cartel, right?
So a lot of people don't seem to understand that but well that's something you you leaving cosmos was something i was going
to touch on i've got a very important question for you but i don't want to hog the mic b bands
red eye brian you just want to come in with anything it's just super rational like it's like i don't know who who
doesn't think this is a good idea but i i i don't have any like really hard hitting questions i'm
gonna keep my mouth shut everything that he's saying this makes total sense red eye red eye
um the only my main question is i i've been enjoying listening to Shane talk as a business leader,
as someone who started a business.
I'm curious, Shane, if you have started other businesses.
It doesn't have to be Web3 related, but I'm curious if you've started other businesses in the past
or have gone through something like this,
either leaving a previous company you started or selling a company you started,
kind of like Brian was talking about at the beginning.
Have you been through anything like this before,
or is this kind of your first big business that you've started
and are going through this with?
Yeah, this is not my first rodeo.
I mean, I've been building stuff since I was a teenager,
essentially.
So I think, like back in the iPhone days,
I built an app called Drumkit, and it
got something like tens of millions of downloads.
And it was kind of a top app in the App Store. I think something in 2008,
I think something like 10 percent of iPhone users had
this app on their phone and it did really well.
It was on like Steve Jobs featured in on Apple Keynotes,
it's been on Apple Billboards and stuff like that,
and it became really big. And I got
a lot of offers to acquire it when it was doing really well. But I turned them all down because
you know, I thought that it would just keep kind of growing. And then and then what happened was GarageBand got launched on the iPhones and it just like killed the sales.
And then after that, I was like, oh man, I should have just taken one of these acquisition offers.
So one thing I learned from that business, well, I didn't even see it as a business.
It was more like this fun thing I was doing that just happened to explode and and and it was it was making that it was
it was doing really well at his time I mean it was on a good month it was making
like like 30 30 K a month which is you know definitely enough to sustain me at
that time and and I mean more than that i i yeah i didn't i didn't sell
it when i had the chance to do it and and that was kind of a learning experience from me and and i'm
kind of like applying that to stargaze now right i would much rather see stargaze get acquired and continue to survive than just letting it die right
um so
yeah
there's been some other
other stuff before that but
uh but yeah this is i've
i've essentially been a builder forever
but you know
this this would be like
the first thing kind of at thing at a larger scale.
Awesome.
That's super interesting.
Just want to say, as someone who has also started a variety of different businesses,
I always enjoy getting to hear the rationale and the learning curve for other people out here doing this.
And I think it helps contextualize you know what you're
going through right now this helps people realize you know this isn't your first rodeo you've been
building for you know building things that are useful and are that generate revenue for you know
a decade and I think this is definitely helpful information for people to contextualize in the
this is definitely helpful information for people to contextualize in the you know for this
conversation thank you yeah and yeah go ahead oh I just uh I've not like um I think it's a great
idea I'm so glad that this is happening and I remember when you were first I first found to
start you found you clicked on your link on your bio and it kind of explained all the things that you've built and how long you've been involved in the Web2 community and building things.
And I was like, yeah, stars is going someplace because they're the good foundation.
The founder has a good foundation in building and like knows what he needs to do and so like I'm so excited for you and I
can't wait for Stargaze to like go into the into the future boldly go where no one's gone before
and then maybe it'll be like Stargaze next generation right right you know you like that
yeah I definitely like it I mean the name came from a came from a Star Trek ship so
yeah yeah I know that's why I was like like, oh, he likes Star Trek just like me.
I think something that's quite big for me, there's a couple of big things here, a couple of big takeaways,
but I don't think people appreciate the side conversations that have spun up out of this situation.
Shane, I've got one simple question for you is cosmwasm on life support right now
yes i would say it is but it doesn't take too much to save it so that's that's maybe the biggest kind
of um gripe i have with the direction icl is going uh you know as you guys know they want to deprecate father wadsom and
go with evm i i see why they want to do that from a business point of view there's just a lot more
evm devs they can they can bring in all the projects from bl2s and stuff like that and and
and and have them build on the hub that makes a lot of sense but but I do think there is value in having a tech stack that's unique to
the ecosystem. There's a lot of stuff you can do in Cosmos that you can't do in Solidity and EVM.
And, you know, although I haven't written code in a bit, I intend to get back to it. And
I just like Rust a lot more.
And it's been the most loved language and Stack Overflow for like eight years in a row now.
And you can bring in a lot of devs in Web 2, especially as crypto expands.
So I am a fan of it.
But I know it's still on Neutron.
It's still on Osmosis. Right? It's still on Neutron, it's still on Osmosis, it's still on Babylon, there's Anisha.
Yeah, well, didn't Thor make the announcement that they were going to take over the development
and production of Cosmosm, right?
Didn't Thor make that announcement?
Yeah.
Oh, maybe.
I didn't see that announcement, but that's great.
Yeah, ThorChain, another one. You know, Rujira, right?
You had the Kajira team that went over there, right?
So that's Cosumwasm 2.
So I think it'll still continue on, right?
I don't think it needs any more than two or three devs to maintain it.
Like, I'm not talking about adding crazy new features,
but just to maintain it, it doesn't take more than two or three Rust devs.
So, you know, I don't know why ICL decided not to do that, but I think it'll keep going.
And I think part of the reason for this is like people issues too, right?
So like, you know, Ethan kind of moved on to Ethereum, he's doing stuff over there.
He kind of abandoned Cosmosm.
Uh, and then there's like, you know, Simon, who I don't think he wants to,
uh, I think he wanted to like exit crypto. So, um, it's, it's more of like finding the right people to maintain it, I think is, is the problem. Uh, but I think that'll solve itself over time because i can believe that especially
you you were instrumental in London of Cosmwasm i believe did you sponsor or core sponsor the
hacker house where wasm was first developed right is that right no i i i was part of the hackathon
team so i was you know one of five people who built Cosmwasm. I helped come up with a name. I was actually helping Ethan with
Rust and stuff like that because he was new to Rust at that time. I had a background in Swift
programming, which is very similar to Rust. I was helping the team and helped build the very first
version of CosmWasm. The very first version, allmobiles. And the very first version,
all it did was just send tokens to another account.
But just all the little stuff behind the scenes
to get it to work, I was kind of part of.
And then was very surprised to see it get adopted by Terra.
So yeah, I would like to see it live on.
There's only so much we can undertake, right?
So, like, we definitely don't have the resources
to maintain Cosmoza, maintain Stargaze, the L1,
the L1 and all the creators and all that kind of stuff.
and all the creators and all that kind of stuff, right?
So going forward, we're kind of looking to just narrow focus a little bit.
Because when we narrow focus, we can just make...
It's better to focus on a few things and make those few things awesome
than try to do too many things at one time.
And I think historically, we've had just really bad examples to follow in Cosmos.
We've just had people that don't have a clue what they're doing and working on 50 things at once,
and having all those 50 things be really subpar.
That sets a bad precedent because then other people try to follow that and try to do the same thing.
because then other people try to follow that and try to do the same thing, right?
Everyone's trying to be a builder, an investor, a dev studio, all this stuff at one time.
And that's just not the right way to do things.
Well, bro, your man came out and made quite a big statement.
JP, isn't it, right?
He came out and made quite a bold statement uh jp isn't it right he came out and made quite a bold statement that he's like right okay once we get this uh app layer the
the rogera app layer fully you know fully up and running uh we're taking over cosmism development
we're going to deploy resources we're going to do i was quite really bullish when i when i heard
about that you know yeah that's awesome i'm i'm really happy that is doing
it uh i've been talking to him too a little bit um you know that that could also be another option
if the hub deal doesn't work out um but yeah i'm very happy that is doing that and um when when
this stuff blows over i'd like to support him and have and and and kind of kind of help them too i'm so glad you've been quite bullish there because there's a lot of us that
you know don't want to stay cause and wasm just die and be you know put in the archive there's a
lot of us that actually have always like believed in wasm for quite some time so i appreciate the
the candidacy there shane look it wouldn't be right if we didn't ask the right kind of questions
uh i'm just gonna say to you right now i'll make a statement rather than a question a lot of people
on monday a lot the vast majority of people said that you know it's a typical negotiating strategy
to go in with a you know a leveraged op opening position you know for anyone that's out there that's saying like oh
she has shane's gone in with you know the art of the deal a really like strong op over the top
you know in the hopes of reaching somewhere in that like you know mid-range or whatever
what would be your reply to the people that think you've gone in with a very very strong opening position? Look, so I had the initial post reviewed
by like 20 people or so,
and no one brought up the price.
And in retrospect, I can't believe that, right?
And I knew, I did that on purpose, guys.
I just want to cause drama, right?
I want to bring, the ecosystem hasn't had enough drama in a long time, so I had to bring it back.
No, it's just that, yeah.
Yeah, I think we definitely overshot it there, and I think the new one will be a lot more reasonable.
I was trying to account for every kind of part of Stargaze,
but, you know, I know the hub doesn't really see it that way.
But I think, I'm talking to Magnao,
we're close to coming up with something that makes a lot more sense
and something that's a lot more reasonable.
And I think that will make sense.
It's just that we were trying to like, you know, if you,
if you look at our competitors, right,
they're valued in the hundreds of millions.
If you look at Magic Eden, if you look at, you know,
OpenSea and stuff like that, and sure, yeah, we're not there in terms of adoption, right?
But I'm looking at Stargaze and the potential of its growth
when it's in a top 50 market cap ecosystem.
That's the way I'm seeing it.
Like you're buying the future potential of Stargaze,
not its current form
and and also the team right the this incredible team with like decades of experience building
awesome stuff and um uh and and and we can like really build anything uh like if we wanted to build the best prediction market in the world, we could.
If we wanted to build the best perps platform in the world, we could. We just happened to
build this NFC platform and then we ran out of capital to do anything else. That's all limiting factors. Capital is not the ability to build or what we can build.
Essentially, the hub will be getting
a team that can just build anything,
and build anything super fast.
If they don't want that, that's fine.
We'll go somewhere else.
But we're experts in this. We want to do this. We're here somewhere else. But, you know, we're experts in this.
We want to do this.
We're here to build.
But I'm also not going to sell ourselves short.
Like, if the hub doesn't want us, fine.
There's Nifer Liquid.
There's storage chain.
There's a whole bunch of other options.
But, you know, I want to make this work.
Yeah, well, I mean, talking about the team to be honest there wasn't many gripes on the space right about the team there were a few eyebrows raised about the
situation with like the licensing people are you know people are saying well is this like a lease
or are they actually like acquiring something that was a little bit of a gripe uh a few people were
mentioning about the customer acquisition cost i think and you know and they were asking it based
on the fact of okay well how accurate is this like monthly user data information like in regard to
like individual you know if someone's got five wallets, you know, the customer acquisition
cost is still like sort of per wallet almost, you know, and I think the two biggest gripes I did
hear the other day were to do with the front end licensing and the customer acquisition costs that
people were kind of struggling with a little bit, you know? Yeah, yeah, that, that makes sense. So
we are getting rid of the front end license in the next
uh version of the prop but i do want to say that um if uh like 250k like
people pay that people pay 250k a year uh okay i don't know if this is public or not. I know it's recorded, but I'll say it anyway. For Kepler, for Minscan, for Skip Oracle,
for all these products, chains pay that much.
That's a thing.
That's the default price in this ecosystem.
Oh, yeah.
Kepler's 300 grand, right?
Right, right.
So that's a thing.
That happens in this ecosystem.
To build a frontend like Stargate.Zone,
you can't vibe code that,
and you can't just have some hackathon devs build something like that.
People have tried, right?
I mean, look at all the... I mean, people have built third-party front ends for stargaze before there's there's been
like four or five of them right and there's been other nft platforms also uh in in in the in the
ecosystem like it's um there's a tremendous amount of custom work there's lots of like you know high performance image processing
indexing uh like geo distributed image serving uh like and and a lot of the off the shelf tools
are just not good enough right there's no ipfs uh um server that is fast enough to, like, if you scroll an NFT collection, like, super fast, right?
Like, Stargaz.zone can handle that, right?
But if it was using something like Pinata or any of the other services, it just won't work.
Because they won't be fast enough.
There'll be a lot of images that just won't load.
There'll be a lot of images that just won't load.
And people don't realize that like Magic Eden and like OpenSea and like, you know, the top exchanges, we had to build all this stuff in-house because they don't exist.
And if we spend millions of dollars and years and years building this stuff, like why would we just give it away?
That is like, you know, the front end of a Web3 service is like its own business, right?
Like Uniswap makes all its money on the front end free switch.
So like the front end, it's an own legitimate business.
And it's so funny to read all the comments like, oh, yeah, we'll just deploy smart contracts on the hub and we get Stargaze.
Like, no, you don't.
Because like 99% of the code or more is the front end.
And that takes years to build.
It takes years to build.
And there's a lot of custom stuff there.
And there's a lot of custom stuff there.
Like, okay, if you want to build like a shitty, slow, okay, anyone can like vibe code it like a shitty, slow little marketplace where, you know, it takes, you know, a bunch of seconds to load images and everything takes a long time.
And it doesn't look great and all that kind of stuff.
Anyone can build that, sure.
You know, but to build it to like a super high quality level, that takes a lot of money and a lot of work.
And you can't just – it's funny.
The hub can learn the hard way if it wants.
If it wants, it can reject this proposal and try to build it themselves.
And if they try to build it themselves, they'll learn the hard way.
They will learn that it'll take at you know, at least, you know, five to ten million dollars.
And it'll take some really talented engineers.
And it'll take, like, four years to get it right.
It'll take at least a year to build.
And it'll take – and then you'll learn – you'll get into the same mistakes.
And you'll learn everything the hard way, right?
And I'm not talking even about
the creator side of things the human side of this this this thing is is much much bigger and that
takes like 90 of our time right uh well i can't communicating with yeah it's a power user right
i can back this up right because i've you know i've just uploaded like nearly a 400 meg
a single asset and it plays like a dream i know the way like i know where we were you know like
a mid-2023 and i know the work that you guys have done in the background with things like indexes
etc like for people who don't know under the hood there's a hell of a lot goes on at Star Days.
A hell of a lot that people don't appreciate.
Brian, you've got your hand up there, man.
Yeah, I feel it'd be like intellectually dishonest
if I didn't ask one hard hitting question.
I think when you see kind of the magic eatings,
the open seas are competitors in the space.
It's about distribution and the ability to attract new creators
to launch new collections.
My only pushback here is, like, I am unsure that the decentralized nature
of the hub would be able to attract new creators
be able to attract new creators and new collections as it stands.
and new collections as it stands.
Do you guys have a plan to support the acquisition of these artists and creators and collections
after the acquisition?
That's an excellent question.
Excellent question.
So if the marketing and aspect of this stuff went through the hub,
I don't think that'll pass because I don't think
stakers really understand these things.
And this is the information asymmetry problem you have
with stakers and product builders.
So to answer that question, what we're going to do is
we're going to do co-marketing with the ICL instead.
And so that won't come from Capital from the Hub.
That's something.
So we're going to partner with, you know, Mag and Barry from ICL.
and they are building an in-house marketing team
And they are building an in-house marketing team.
and we're going to collaborate with them
and do a lot of promotion there
and reach outreach to artists and stuff like that.
So that's going to come out of that budget
and the new proposal is going to have a lot more information about that.
So that's a really good question.
Yeah, because given, like, in some way, shape or form,
you're kind of like an art gallery.
And the ability to have salespeople and curate the art,
it seems to be, like, one of the biggest challenges.
If you're...
What it is is actually more like a record label like like
running running uh launchpad is more like a record label because you have uh you have all the creators
uh some of them don't have any capital to start out with uh you know you may need to help them
out a little bit you may need to like uh you know tokenize royalties and stuff like that and and give
them something up front like there's all uh, and you have to maintain like the relationships with them.
Uh, they expect you to like help out with marketing and stuff like that.
Like I get, I get at least 10 DMS every day from Stargaze creators are like, Hey, can
you change your PFP to our project to support our project?
Hey, can you retweet this?
And, and like, it's impossible for
me to do that for 10 creators every day. And they don't realize that everyone else is trying to do
the same thing. And then they get really mad at me. And then they'll like shit talk me on Twitter
and stuff like that. And then be like, oh, sorry, he sucked and all this, all this kind of stuff,
just because we didn't like, you know, backwards and change all our all our profile pictures and and like like if i did that like my account will just be retweeting
all these creators so and and uh um so so yeah there's there needs to be kind of like a separate
kind of marketing uh arm there and it's it's been just very very difficult to do at
stargaze especially uh you know in the situation that we're in where there isn't much capital for
marketing so so that's something i'm i'm i'm i'm really looking forward to fixing jane would you
say right i coined the phrase with brady the other week uh this wasn't on monday this was like i
think about probably about 10 days this was like i think about
probably about 10 days two weeks ago i think it was actually before the prop went up we knew the prop was happening and i was saying to brady you know like how do you value what i
would clarify is like uh ip by default so you don't own the bad kids ip you don't own the sloth's ip and you don't own say the mad
scientist ip right but essentially it's almost as if the protocol owns them by default right
i was like that must be the hardest thing to factor in like monetarily out of all the things
that you're dealing with right the the ip by default is like it's an actual thing for Stargaz, right?
Yeah, that's something a bit difficult to deal with.
But yeah, there's $15 million worth of market cap of collections,
I think, just like in the top fives.
And yeah, the users own it, right?
The users own them.
They're not owned by stargaze
so the provenance starts with stargaze though right that's the important thing is the provenance
starts with you right right right yeah so for the migration that's what we're thinking of what
we're thinking of doing is to upload i mean first of all like if this goes through the chain isn't
going away like immediately right the chain will like keep chugging along for like at least six months to a year or so.
What we're going to do is we're going to, our plan is to upload all the provenance information to IPFS.
And the new collection that will be on the hub will have a link.
The new collections will have a link to the provenance of the old collections.
And then the new marketplace on the hub, the UI will extract all that data out.
Right.
So you'll still be able to, as a user, you'll still be able to see all the provenance and stuff like that.
And then there'll just be a new one
where it's, you know, airdropped to the hub.
But you'll still see all the old provenance there
and it'll all still be in IPFS.
It'll be linked to the collection.
So none of that, like none of the stuff
that happened on Stargaze will be lost.
And it's also really great that the hub has the same coin type as Stargaze.
So this just makes it much, much easier because, you know,
Stargaze account is the same.
The hub account is going to be the same as the same key.
So you can easily kind of link back to the original users.
to the original users.
In all
we've obviously just been talking about
your different sort of stakeholders, but
let's establish this fact.
I think everybody needs to wake up to the fact
that you're not going to be able to keep everybody happy,
right? The community just needs
to accept it. Not everybody
within all of these various
parties. It's going to be impossible for you to keep
everybody happy right yeah it's totally impossible to keep everyone happy but you know i do want i'm
doing my best for the stakers right because they are there are people that you know lost a lot of
money getting the stars at the top or whatever and uh they've been stinking for a long time a lot of creators who are stinking for a long time unfortunately there are some people that have
made poor financial decisions and like put all their money in stars or something and and
you know i get guys i get i get you know i got a gambling hotline i can send them that's their
personal problem i'm just saying.
I get people that are suicidal. I get death threats. I get DMs, really nasty DMs every day.
A lot of this, I don't want to not take responsibility for this, right? But people don't understand, kind of like a lot of people don't understand how markets work.
Like some people think like, oh, the actual devs like control the token price.
And hang on, guys, I'm going through a dev spot.
All right. Hang on a second.
Oh, you're okay, mate. We understand.
I think that's must be so
Freaking stressful I couldn't even imagine
Having somebody
Sending messages like that I really hope that
You're you know doing things
To like give yourself mental rest
Because that is like
I can't even imagine
And I'm sorry that you have to deal with that
That's terrible
That's part of the reason that Rack FM's here
And wanted to reach out to Shane Because we just want to remind everybody as well
there's a person behind the profile you know people right is all i think it's clever being
keyboard warriors and doing this right you've got to think there's a person on the other end of our
profile people who have like feelings emotions like your aspirations people who you know might
have changes again whatever it is like
there's people on the other end of this like i despise anything like to do with what shane's
just said about death threats like all about like you can talk to people you don't have to be happy
about something but you can talk like you didn't have to like these people shouldn't even be
allowed to buy crypto that's how bad that is these people shouldn't even be allowed to buy crypto that's
how bad that is these people shouldn't even be allowed to buy crypto i'm not being funny i know
anybody should be allowed to buy your food if you're unstable and you can't manage money
and you can't get your together like and you can't control your emotions
whose fault is that did somebody grab your finger and press the buy button i'm pretty sure nobody in on
earth has ever had someone appear over them grab their finger and hit the buy button right it's
basically it's people who can't handle the bad decisions that they've made in life right the
people who can't see like oh oh, I made this bad decision.
Maybe I should learn from it and be a better investor or a better trader.
Right. Like like people like us, the good people in life. Right.
That's what we're going to do. I would I would like to just say if you have sent too much money,
if you spent too much money, if you invested your life savings and you're in a,
in a pickle called the national problem gambling helpline,
1-800-522-4700. Thank you.
I thought you were about to lose like 1-800 by B bands tokens from her.
yeah
Yeah.
stop it daddy
yeah
the consensus of the room there is that we're not
happy about that and we're pretty sure
none of our people in our audience
would ever be like these
kind of people who would say like
that's ridiculous
I think it's weird that people send
you tweets to retweet are they
crazy like get a life that is so weird if you have done that I send you tweets to retweet. Are they crazy? Like, get a life.
That is so weird.
If you have done that, I just want you to know that you're weird for doing that and trying to make Shane, a busy man, fucking retweet your project or your situation.
I'm sorry.
I'm sorry.
That's just stupid.
I get it every day.
I get that every single day.
Every day.
Oh, my God.
I can't even imagine.
You know what?
I bet you I could imagine who it would be. But my God. I can't even imagine. I, you know what? I bet you I could,
I could imagine who it would be, but anyways, that's neither here nor there.
Yeah. So, so I'm just, I'm just pointing out like all this stuff is part of running a platform like this. And, uh, I, I just want to go just say like, you know, it's not, it's not super easy.
Right. So for the people saying oh yeah we'll
just kind of build our own thing or whatever like this is what you have to deal with right you have
to deal with creators messaging you every single day uh yeah and and and creators are very demanding
right they're very creative people so they're very demanding and that's fine that's normal
uh but but a lot of people don't realize all the overhead of working with them.
This is not like DeFi.
In DeFi, you don't have to talk to your counterparty.
You don't have to talk to the other person in the liquidity pool.
In NFT land, there's creators, there's traders.
These are very artistic people.
These are very passionate people these are very passionate people right and you need an entire team to
to um provide support uh uh to to to to help uh launch the collections um to do any kind of custom
stuff they want to do right and there's actually very few teams that do this like like can you
you know you know can you get like uh you know can you, you know, can you get, like,
you know, can you, like, message the founder of OpenSea or whatever and get them to, like, do something for you?
Like, I doubt it, right?
Like, Stargate is one of the few kind of projects
that have been in the trenches and, like, helping everyone.
And just, you know, to the people who are like,
oh, yeah, we'll just deploy some contracts on the hub.
You're missing, you're like ignoring like 99% of the work that goes into building something like this.
And, you know, I see some stargazers in the audience who know what I'm talking about.
Like, you know, like I see Serkin in the audience, like, you know, he's just relentless.
the audience like you know he's he's just relentless he's online 24 7 like helping creators
helping them launch helping them deploy uh um uh collections and working on studio and stuff like
that like that's and that's like years and years of work you can't just like replicate that you
can't replicate that easily dude zirkin's got the best response time of anybody in crypto in the
history of the world i have never known a response
time like in 24 hours a day. Like we'll upload like NFTs and it will not be displaying right.
And I literally just message him whatever time and we get a reply in like 30 seconds
is the most responsive dude I have ever known in my entire crypto life and I'm really doing
that.
And if he didn't respond to you it's because he loved us first just want you guys to know
you have got a crack and team yeah i've got a crack and team though behind you i know for a
fact i've dealt with you all i mean we're in a little group chat you have got an unbelievably
good team yeah and that and that and they've they've stuck by for a long time. And we haven't lost too many people, right?
So I think that there's like very, very few people have left Stargaze since it started.
And I think that's a testament to kind of the strength of the team that we had built.
And it'll be a shame to me just to see that go away.
Like this team is resilient right uh they're
they're still here even though they have like you know lost a lot of money or whatever right
like none of us have gotten rich from this um uh so uh um like this this team can continue building
so uh it'd be kind of a shame to kind of not have that.
Go on, Bay Bands.
Bay Bands is going to come in and then we'll get to the amendments,
Jane, because I know your time is precious.
You know what I mean?
We always have to take care of our guests.
Okay.
So I have two things.
One, a shout out to Fairy King.
He's a real G.
Love you, guy.
You're the best.
And you're appreciated. Two, Shane Shane I have a question from cutes right yes I have a question from cutes it says with intergays on an Anisha
why isn't it connected to widely popular apps on Anisha that's doing 30 plus ETH volume this month and makes more in fees
than this long ass list of chains. And then it says, PseudoSwap is the only place to trade them.
Why is Intergaze ignoring YoMint or is YoMint, YoMainet ignoring Intrigaze. I hope that made sense.
Yeah, I think it makes sense.
So I'll preface this by saying I'm not super involved
with the day-to-day activities of Intrigaze.
And Intrigaze isn't like doing a crazy amount of volume
and stuff like that, right?
So we kind of have to think about what to do with it.
It might fold into this acquisition or that, right? So we kind of have to think about what to do with it. It might fold into this acquisition or something, right?
So, I mean, we're still kind of thinking what to do there.
And secondly, we haven't got, like, any support from Inisha at all.
No one paid us to build it, right?
We just did it.
We thought it would be a fun project.
And we've, like've gotten no support.
So why would we
continue putting effort into it?
That's just kind of the way
we see it.
Some of the other projects that you mentioned,
yeah, I don't have
enough context to kind of know what's going on
there. I think
they're like d5 projects
they may not care about nfts or have any any any interest in working with intergays um and uh
i i know there's like this like vip program and stuff like that and
yeah i'm not i'm not really too sure what's going on going on there so um we we had to figure
out what to do there we'll we'll most likely kind of fold it into this deal uh because we don't want
to just have too many parts we want to try and keep this as simple uh as possible right on that note shane uh this we better get down to this so
right you know bullish bullish indicators or bullish sentiment uh mag made a tweet just a
couple of days ago i think two days ago right had a great conversation with you very very
bullish sounding and then you've just mentioned earlier about oh when we release this new one uh
i take it there's amendments coming so some of the stuff that we're going to see change some of these
amendments i would be guessing would i be right in guessing that maybe some of this come out of
like the conversation slash negotiation you might have had direct icl like the other day. Yeah. Yes, absolutely. Absolutely.
Yeah.
And, you know, I read all the, all the comments, um, on the original prop, um, all the feedback.
I, I, I read everything in the telegram channel, including all the nasty comments.
Uh, so, you know, we're, we're well aware of the community sentiment.
Uh, so we're going to, we're going to put up something a lot more reasonable. Um,
obviously it's going to be at a lower price, uh, uh, and, you know,
taking away the fun and license, a couple other things. Uh, so, uh, and,
and we're going to talk a bit more about kind of future plans, uh,
to make a much more kind of compelling case for the
hub. So I think this new version should make I think should make a lot more people happy
and get people excited about it.
Well, that's bullish. That's bullish. And that would lead me to the next question.
So, Shane, can you just quickly
for us explain right how the governance would pan out with this so let me preface this by saying if
mag was here and he's very very busy we got his calendar he wanted to come on but he's really busy
if mag was here i would probably ask him this question right i'd probably see it from look dude
on the adam side when you guys
because it's a dual prop right it's going to be accepted by both sets of governance right stargaze
and atom is that correct yeah there's a couple of things that have to happen on the stargaze side and
there's a couple of things that have to happen on the hub side right so my question for mark would
have been dude do you have to go out and mark or do you just put a prop up this year oh stargazers
proposed this it's been accepted on their hub uh we're now putting it out that and governance
so do you think there is a little bit of like a marketing campaign involved for the whole
or is it a straightforward well their prop passed so we'll put it like at the base problem on atom
with no kind of viewpoint or encouragement
from the ICL team. I mean, is it a
sell for them to Atom stakeholders
or not?
Yeah, we're definitely going to do
some marketing around it
and try to rally the community around it.
I believe this
next one will
kind of be co-authored.
So Mag will have his input there as well and um we we want to make this kind of a good deal for everybody uh and so we're gonna probably do
um a couple of spaces and stuff like that on it and make sure we answer all the questions and stuff and uh maybe like a
couple of amas and stuff like that uh because there's a lot of like education needed in this
so shane how would the so what happens is i just want to get this clear in my own head
is it a case of the stargaze because you've got different voting times i believe as well right
is it a case of the stargaze prop would go up,
that would have to pass,
and then the Atom prop could kick in,
and it would be once the Stargaze one's done
and you've got the authorization from the community,
the Atom one can go up,
and then you can go through that process.
It's not going to be like,
you're not going to launch them at the same time.
Surely your prop would have to pass first
before the Atom one could go up for governance. Is that right yeah it's really weird they're like both conditional
unlike each other and um in the future right in the future so i i'm not going to make any promises
or anything like that there's like this project called valence right that's that's uh um uh kind
of working on kind of coordinating chain governances together, right?
And I don't know how kind of far it is in development,
but like at some point in the future,
you'll have like something built over IBC
where it'd be like, oh, if this prop passes on one chain,
then this other prop gets a green light
on another chain.
And in an ideal world, this tech already exists and integrated
and everything kind of works.
But we don't have that yet.
So right now, either we're going to do the hub prop
and the Stargaze prop at the same time,
or maybe the Stargaze prop a few days after the hub prop or the stargaze prop at the same time or maybe the stargaze prop like a few days after the hub prop or something like something like that um because we need kind of buy-in from
both communities okay that sounds perfect that's exactly what i wanted to know and also you want
to create like a kind of is it like an or not an oversight that we would call it uh maybe like a
dispersal uh sort of panel uh dow driven is that right so something
like i think was it the the team salaries that was going to be on the veston but it was going
to have like an oversight committee is that right yeah yeah not quite sure how we're going to do
that in the in the new uh prop but yeah the original prop had something where the funds
for the team are only distributed after some milestones.
I think something like that still makes sense in the new one as well.
So we kind of had to kind of figure out how to do that.
But, but it's kind of funny.
Like we had all this stuff in the prop, but like in the comments,
I guess the post was,
I guess maybe the post was too long and people didn't read it because
there's, there's
like comments like, Oh, the team is getting all this money and stuff like that.
I'm like, no, the, it's, it's, it's governance gated, right?
Like, like if we, if we don't, if the team doesn't do their job, they're not going to
get the funds.
Um, you know, they're not going to get that, that leg of the funds.
Um, so maybe the new one will have soft supply that too i'm not entirely sure yet
uh we haven't got gotten to that part yet do you know what shane i'm just gonna say this i really
appreciate you coming on being like so frank like i said we interviewed you like i think three years
ago you've always been a good friend and a good supporter of uh rock fm by the way for people who
don't know on the back channels shane's always been a big supporter but dude i don't think anybody envies your position right now do you know that like i
don't think there's anyone in the room right now that's thinking i'd like to be in shane's position
right now so all credit to you mind all credit for taking this on right thanks brother thanks
for like still sticking around and still building you know know, I love what you guys do. And,
you know,
hope,
hope to like give you guys even more,
more exposure if that's possible.
Just do your bit to keep Cosmosom alive and you'll keep Rob all happy.
All right.
Thanks.
Take care of yourself,
Shane,
make sure to take care of yourself too.
You know,
like that's,
I can't even imagine your mental right now with all, with all you have to deal with,
so. Well, I got my dog. I got my dog and he, he, he keeps me, he keeps me sane, so that
works. What kind, what kind of doggy you got, mate? We always love dogs. What kind of doggy
you got? I'm a Chihuahua rat carrier. He's, he's really like, you know, he's like 13,
14 pounds. He's small, but he he's a he's a good little guy oh
dude they've got the heart of the lion manager why would chase me up the fucking street the
other way I've shit my pants that the fuck little bastard I'll tell you yeah they're vicious they're
just for sure but uh when then before you before you shoot I know you've been you've been very
gracious we've had a lot of time and I know you're busy you've been very gracious. We've had a lot of time, and I know you're busy.
You've been out with a dog.
What's the timescale that you're planning on between getting these amendments up,
giving enough time to have discussion, and then hopefully getting something on chain?
What would be your ideal timeline for that?
We're setting a deadline for the hub prop by the end of next week.
I would actually like to get it up sooner.
So I'd check around like middle of next week for a new prop,
a new post on the hub post on hub forums.
And then what would you give that a couple of weeks before it like?
Yeah, I think, I think that has to stay on for two weeks. I believe it has to be on the forum for two weeks before it goes on chain.
Just, you know, Shane, you know what you talked about earlier and we do feel this.
We've been just DMing in the background in the group chat, you know, just ignore the haters.
You know, there's always going to be haters no matter what happens.
People are always going to get hit every day, you know. And know you you're man enough and i know you didn't really care
but like there's way too many people i think fucking like and respect you compared to like
the couple of plebs that are sending you shit messages like that's not like the messages you
might be getting is not the general sentiment of the community i I can tell you that much, brother. A hundred percent. Yeah, I mean, it's mixed, man.
And I totally get that, right?
And I understand the haters too, right?
There's just, there's been a lot of grift
in this ecosystem in the past.
There's been, everyone's just lost a ton of money
and stuff like that.
And not everyone has full information.
Not everyone knows how the sausage is built,
how much it costs and all this kind of stuff.
And that's how governance works, right? That's just how things work.
And it's up to us to educate people and inform them and stuff.
So I don't hate the haters.
I want to educate them and stuff so i i don't even i don't i don't i don't hate the haters i want to educate them and and help them so did you just say did you just say no one knows how much the sausage costs to
build i can see b-bans feeling i can see b-bans feeling that one from you now
absolutely yeah hey i think i don't know if B-Bands or Red Eye
Has got anything to ask or any part
And comments, but dude, I mean
We know your time is precious, we know you've got a lot of work
To do, and we're super stoked
That you've come on today, it's like
B-Bands, how happy you are today, I'm really buzzing
To deal with this
I'm super excited, I just love Shane
I'm like a fan of Shane
So, you know, whatever he says, I'm like Yeah, yeah, that's great, that's great, I like it And then Robo's like, I'm like a fan of Shane So whatever he says I'm like yeah yeah that's great
I like it I like it
And then Robo's like I'm just going to be a little bit harder
On him just a little bit
You're also married
Can I remind you also married lady as well
I'm a fan of you Robo
I'm a fan of you too
Don't get jealous
You know Shane
There's times where Even for, we had the space on Monday, right?
And we got a bit of hate in a couple of DMs for it, right? People like, oh, you know, what about this?
And we're like, we're a public square. We're not here at the police.
Like when people request a mic or they want to come in on the normal everyday Rack FM, right?
As long as they're not like, you know, being racist or overtly like you know sexist or whatever right you're
going to get a mic yeah like we're not there to tell people are your opinions right are your
opinions wrong and on monday we kind of just let it flow but i will say there was a lot of
even though everybody had a lot of comments, there was an insane level of respect.
And I think that's what's important,
is that regardless of anything that people want to gripe about,
you have definitely earned that level of respect that you do get from the vast majority of the community.
And I will just say that to you, brother, 100%.
Thank you, sir.
Yeah, I'm just trying to do my best,
trying to be as authentic as possible and stuff like that. And, you know, people have issues with user numbers or whatever, right? I'll try to help out and answer questions and all this kind of stuff. And yeah, I'll be around helping out, answering questions and just kind of being here for for everyone so thank you brother yeah and you and mag you and
mag on our spaces together because uh you do kind of bounce off each other i heard that one the
other week uh i think it's definitely gonna swear like a bit of community sentiment like getting you
to and just even if it was just you and him and doing it back and forth you know maybe obviously
you have a moderator in there whatever but i definitely think you and him getting the visibility out there and and getting the facts
out there you know rather than like the gripe you're dealing with facts i think that's going
to be very important to get these props across the finish line but uh from rack fm we 100 million
percent wish stargaze all the best like we have nothing but good things to say about you the protocol and especially
the team like i mentioned earlier uh there's there's nobody that wants to see a kick-ass
cool app that is generating you know real revenue that's been the the forefather of cosmos nfts
nobody wants to see this disappear everybody i think, everybody that's a nice person wants to see the best outcome
for obviously Stargaze,
but you know, the hub as well.
So yeah, you and Mark
getting on some spaces,
I think is going to really,
really help you guys, Mike.
Thank you, man.
Yeah, I think...
Can you guys hear me?
Okay.
Yeah.
Yeah.
Yeah, I think just...
People have just been screwed over by just all the bad
shit that has happened previously in Cosmos. And that, that has kind of like set a precedent
and people kind of maybe see this as more of the same. So I understand where they're coming from.
But the way I see it, I guess from kind of being so close to it is this is like regime change,
right? This is like a new regime now that's in charge of the hub.
And, and I'm so like glad it happened.
Like when I talk to like mag, I just get like positive, authentic vibes.
And I never got that from anyone else like previously in the hub.
Right.
Like I, you know, I know he's, you know, obviously he's going to hustle and try to get the best deal for the hub.
Right.
And that's normal. That's natural. Like that's what he's going to hustle and try to get the best deal for the hub, right? And that's normal. That's natural. That's what he's supposed to do.
But at the same time, he's not malicious, which I think some of the previous people were.
And this is completely different.
And I don't know how to like um
like how to vocalize that right i mean i can say it and not everyone's gonna just believe me or
whatever but um you know just look at the track record right like all we have done is ever build
uh and like can you say that for like any of the other teams that came previously and try to get money from the hub and stuff like that?
Right. Like, just, I don't know.
I guess like people should look at like track record and stuff like that and not just kind of think this is more, more, more of the same.
Because like, I would hate to see like the old guard,
like when,
right.
Like,
like if this doesn't,
if this doesn't work out,
it means like the cartel won.
Right.
Right.
And,
and that would be just really sad.
And that would mean like cosmos governance is not fixable or something,
something like that.
But I hope that that won't happen i'm i'm i'm
optimistic about this and um i like the new direction uh where everything is going right
um and i'm looking for like like an awesome ecosystem to be like built on the hub um like
the stride guys are awesome too and they're building uh you know decks on
there and stuff like that and uh there's you know plans to bring on a lot more users a lot more
like new people from from from other ecosystems and stuff like that so i want to kind of be
early in this in this kind of like new plan for growth um and that's that's kind of the plan here
and fortune fortune favors the bold as well my friend fortune favors the bold I think when you
said you know if this day sort of didn't happen well it proves that the cartel won I think that
would resonate with everybody in the audience that's a very, very accurate and astute statement to make mine.
Shane?
One last thing here.
I know I didn't have a whole lot of questions,
but I just want to say, you know, Shane,
appreciate you coming on here and speaking so openly about this.
I'm sure there are many application builders in the cosmos right now
that are kind of looking at this uh you
know uh situation and whether or not they're considering some sort of buyout or merger or
moving to the hub i think you know what happened like not only your continued energy you know
fighting for this but you know the outcome of this i I think, can prove to be quite morale boosting for people out here.
Like, there are second, third chances for people who are building useful things. And
sometimes people start something at a wrong time or something happens. And yeah, it's just,
there are a lot of people who I think are watching this situation who are, um, really happy that you're continuing to push, uh, push through with this and kind
of speaking up for the smaller builders in the space.
Yeah.
Thank you, man.
There's so many like awesome teams in this ecosystem that, uh, you know, cannot get funding
or whatever, just because, uh, like, you know, investors maybe, maybe don't, don't don't see Cosmos as promising or whatever,
but that's changing now.
And, you know, I'm hoping after this and after everything that like MAG and ICL is doing,
it'll kind of breathe new life into the ecosystem and that will bring in new investment.
And then maybe all these other teams will be, you know, able to raise and get funding
and build awesome stuff. So that's what i'm hoping for
well mate you know as a last sort of comment i would just like to say you
know imagine where you guys would have been
if you hadn't had seven mil of liquidity foot and rugged away from you uh but we
we're not gonna go on about that because it's been talked about enough you know
uh anybody's gonna
have their backs up against the wall and be up against it like if that's like how something
kicks off you know and a nefarious actor you know does something like that it's always gonna have
up so i think everybody first of all is appreciative of the fact that you know you guys have battled
on for so long and now you understand there's a change of direction needed and you're
quite willing to literally you know see it right we need to take that direction there's a very
strong like you know steering of the ship there's a strong orientation of it no matter like what
what state the ship's in at least it's being you know steered by a good captain i think that's what
i'm trying to say you know what i mean shane uh i just want to ask one favor uh would you or you know maybe certain or some of the team
maybe sort of if this all goes ahead maybe like i don't know three months into the transition maybe
six months in would you drop into rack fm again and just give us a little cheeky update or something
do you think we've deserved that absolutely man always always love love coming on here so well yeah we'll we'll definitely come you know come back in a little bit
and chat a bit more for sure absolutely well mate let's wind it down because i think we're going to
like wine i think we're going to wind down the recorded a you've been as always a scholar and a
gentleman and i think b bands i think we all agree that we just you know
we just appreciate shane coming on at the end of the day you can't always get like people to come
on in situations like this right so you know it shows a lot of balls right big balls big balls
elon elon might give you a job next week And you don't have to worry about the merger
But yeah
On that note mate I just want to say
Thank you very much we really appreciate you coming on
Great conversation and we really hope you
Enjoy your day and we'll look forward
To seeing the amendments
And the next upcoming post right
Yep alright brother
Thanks a lot thanks for having me
I'll see you guys later alright
No worries take care brother Bye bye Yep. All right, brother. Thanks a lot. Thanks for having me. I'll see you guys later. All right.
Take care. No worries. Take care, brother. Bye-bye.
Bye.
Oh, that was a great conversation. Oh, I loved that one. Oh, I loved it. That was great.
I'm going to be honest, though. I can't wait for when things start, like, chilling out and blowing over and we can just kind of, like, have a little bullshit space with him where he can just relax a little bit because, man,'s this is a lot of stress. There's no there's no fucking way this is only high-level stress Oh, I wouldn't I wouldn't want to be in this position for all the tea in China right now. You're fucking kidding on you
That's proper stress that man
Imagine all the time are we going to are we gonna do an unrecorded?
Do you want to host because I do look I'm gonna be very honest. I do need it like a banging shit right now I've been holding it in for like a little bit do you want to host because i i do look i'm going to be very honest i do need it like a banging right now i've been holding it in for like three hours and then so listen why
don't you go take a shit if you want to spin up and unrecorded no listen if you want to fine but
if not then because i then that makes me do my house chores i mean i'm still doing them no no
leave your house leave your house mingin leave your house minging, leave your house minging, let Andrew do it when he comes back from the country club, okay?
I made a mistake.
Red Eye, she let it out of the bag earlier.
Her and Andrew were members of the local country club.
I was like, a home could see b-bands whipping it on a golf cart just through this
country club uh you know nice packed cooler next to her in the passenger seat
man she's like one of them soccer moms isn't she she's like three bottles deep by almost one enough
i think she'd be the anti karen
you know everyone would be worried about the karen rolling through the country club like yelling at
kids but b-bands is out there encouraging them to do encouraging them to have fun
so b-bands do you want to do a little short uh unrecorded uh do you want to do you want to jump
on the rack of them account and i'll jump out because
uh i do is this gonna take though no we'll just have a cheeky little hour cheeky little hour unrecorded oh no no well i was gonna get a shower but i mean i didn't stink that
bad i'm only a level four stink right now so wait a minute i'm just sniffing it oh i've gone to level
five during the space so i didn't know i might get raining so i might get
away we're not having a shower and i might run up the lake for a couple of little cheeky bifters
you know as you do don't worry finn is uh has already uh you know he's already had the audio
going out all i highly doubt all this is gonna end up on the recorded part bro we're doing bro
bro we're hitting in the 70s man for humidity here the day
i was walking up the street the wind was like a hair dryer in my face i was absolutely dying like
literally i'm on three so listen he's got a turtle head poking out right choked donkey so he needs to
go and then i'm just gonna spin up the thing and then you're going to pop in after. Right. And then it's just going to be a short one because I got to do mom stuff.
Yes, but more cute, okie.
It's going to be an open mic.
Gabe, Darkside, Ray, Kyle, Mano, anybody.
Whoever wants to come and jump in.
Come and jump in the unrecorded open mic.
Obviously, we had a little bit of a closed mic there for obvious reasons like we do.
But yes, we'll have a Rack FM free for all unrecorded, open mic. Obviously, we had a little bit of a closed mic there for obvious reasons like we do. But yes, we'll have a Rack FM free-for-all unrecorded.
And on that note, people, it is Friday, the 30th of May, 2024.
This has been Rack FM with your man Shane from Stargaze.
We absolutely love yous all.
All right?
Good night and God bless.
And watch what you're doing wherever you are in the world.
Give us like 30 seconds and we'll have an unrecorded on the go.
Come and grab a mic. Come and join in the fun, people.
All right. Right. Take care, everybody.
Good night and God bless. Bye bye.
