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Radix Recap
Recorded: March 28, 2025 Duration: 0:57:51Space Recording
Short Summary
In a recent Radix recap, key updates included the progress of the Hyperscale project, strategic partnerships with major sports teams, and the development of a permissionless bridge, all indicating significant growth and innovation within the Radix ecosystem.
Full Transcription
Music Thank you. Hello everyone and welcome to another Radix recap Twitter space.
I'm Adam Simmons, the Chief Strategy Officer here at the Radix Foundation,
unfortunately here alone today.
So it may not be a full length space today.
Anyone who's got any questions or want to ask anything
or just wants to come up and chat, please request to speak.
Dan, unfortunately, has had to go and
deal with something urgent that is a very high priority for him. So he unfortunately can't make
it today. So the way we're going to structure this today, because it's just me, is I'm going to run
through some of the kind of ecosystem news, some of the foundation news that's been happening,
and then open it up to anyone who wants to ask any questions if they do. And if we wrap
up a little early, then everyone can enjoy a nice Friday evening, morning or night, depending where
you are in the world. So first up, Hyperscale progress. So let's get this one out of the way.
For anyone who didn't see, Dan jumped into the Radix Telegram channel last night to give an
update on what's happening with Hyperscale. And the long or the short version of the long story is essentially that a lot of Dan's
time right now is being taken up with the restructuring work. So as was announced a
couple of weeks ago, RDX Works is basically going to be closed down. Core staff are going to be
moved over into the foundation. and dan at the moment is still
obviously majority shareholder over on the rdx work side so there's some things involved in that
that only he personally can actually be doing and responsible for as a result of that he doesn't
think that the hyperscale test is going to be done this month as expected but he has been doing some
tweaks to some things there and is basically very confident
that once this restructure is all completed, his full focus is back on the hyperscale. We'll get
test date launched from my side. I'm in contact with all of the third parties who are involved
with it. They're all teed up, good to go. All of the marketing comms, all of the bits and pieces
that you need to make that test work are already all signed off, all good to go as soon as we've
got that date in the diary. So that is a bit of frustrating news. I know Dan's been really frustrated about the restructuring
work taking the length of time it has, but obviously the importance of getting that right,
especially when critical functions for the network, like the gateway service, like wallet
maintenance, like the Radix Connect for kind of DAP operators, grants program,
marketing, and everything else is moving over into the foundation side.
Getting that right is important, not just in the short term, to make sure that those
services remain uninterrupted, maintained well, and any troubleshooting needed can be
done efficiently, is really the top priority, both short term and in the long term.
So that is what Dan is busy working on.
I know he's been doing some tweaks as well with the code.
So people have seen commits going in there now.
Thank you to everyone in the community who have already taken a look at that
and kind of taken a look at the code and given some great feedback on it.
That's really appreciated.
And I know Dan's planning to do more of that in the coming weeks.
Over on the other side, so I've actually had a super busy week along with Andy.
So those of you who don't know, Andy Jarrett is the CEO over at the Radix Foundation side.
And he's been with Radix Foundation side for quite a few years now,
kind of heading up a lot of the regulatory side of things with Radix Tokens Jersey,
with the token issuance, with kind of
being the key point over there with the regulator, with how things are operated to make sure that
it's operated independently and appropriately. So Andy and I, I can't name who, but we jumped
on some flights to Europe on Wednesday because yesterday we had a meeting with one of the largest sporting teams in Europe
and it was a fantastic meeting it was actually someone in the community who had set this up
the team in question are very interested in web through activities they've already been doing
a couple of kind of test things there and by a couple I'm talking like double digits campaigns
they've run internally with varying degrees of success um they're a very forward-looking team the meeting was literally at
the highest level um that you could pretty much get short of the club's president so we had the
chief marketing officer of the club in the room with us we had the director of kind of fan
engagement we had their director of kind of emerging technology
and digital experiences and one of their financial directors there as well. So very serious,
very high level people there. They were kind enough to host us in their stadium, which was
super cool. I'm not a, someone who goes to stadiums often, shall we say. But it was incredible to see things there.
It was a really great atmosphere. We had a very productive meeting. What I would caveat all of
this with is, as always, anyone who's not familiar with B2B and corporate and enterprise level
pipelines is this was an initial meeting, really a scope out, get to know each other.
Essentially, it's from their side to go, hey, there's a lot of bullshit in crypto, speaking bluntly. Are these guys bullshitters? Do they have something serious?
Are they just trying to get a load of money off us? Do they actually have something that we haven't
seen before? So we had a really good chat with them, hit some of the key pain points they have.
And we now have a follow up meeting with them to really propose some of the things that we think
they can utilize. They'll be very useful for them and kind of their unique business perspective and USPs that they were chatting with us about yesterday.
So that was good. Realistically, it's the sort of thing where the timelines on this, you're talking months between initial kind of kickoff
and then going all the way through to actually seeing some things come out the other end.
And then going all the way through to actually seeing some things come out the other end.
But once again, it was one of these examples of when you get Radex into a conversation,
people from any background, any industry are like, we want to be doing these things,
but doing these things in Web3 on other networks, on other platforms,
create a bunch of headaches for us.
So how do we do this?
The other thing that's really interesting when you start going a bit further outside of kind of the crypto enthusiast side is that these people
aren't Web3 natives. They understand that there's a huge amount here. And unfortunately, there has
been a decent amount of what I bluntly call damage done to these brands by opportunistic actors in
the space. So one of the big things here is obviously in many sports,
like there's been kind of fan tokens launched,
there's been NFT collections launched
where some consultant, some brand comes in and goes,
oh, I can launch this NFT.
They take a chunk of money
or some kind of commercial agreement
for using their brand assets
and just essentially launch something,
then disappear and leave the existing brand
a bit hung and dry. And of course, when you're looking at launching an NFT collection or a token
or doing ticketing or doing like season tickets or merch authentication, any of these sort of
things on other networks, it's a pretty big undertaking that requires specialist
developers who are confident in that network, that infrastructure and it's a hard launch
whereas of course on radix with the asset-oriented nature of radix engine launching new assets
interacting with those building them into existing web 2 applications or experiences
is rudimentary and then if you want to expand that over time is also super easy to do plus
the network is fully decentralized already it's running up and running smoothly it's got a good path to being um expanded to the point
of scalability not ever being an issue for any of these players which means that actually it solves
a lot of their short-term problems but as well as their long-term problems to test things out and
see what actually sticks in market and the second piece to that is also having the
experience and the expertise put into them of going, actually, you don't just need a bunch of
different third parties to be doing this. It's something that you should be doing these proof
of concepts, you should be launching them because it should be easy for you to do. And that's what
Radix makes possible. And that was a big part of the Radix revelation we gave them yesterday.
So I'm very happy with how that meeting went.
Off the back of it as well, a big shout out to a bunch of people in the community who have reached out saying that they have some connections at different enterprises, different sports teams and stuff like that.
And is there something Radix is interested in?
And 100% the answer is yes.
They are long pipeline things.
But these connections, especially if they're done at a high level in these established brands, can be incredibly important, especially as Radix continues to grow and evolve and the
ecosystem gets more widely known. Speaking of other big partnerships and things going on, so
the other big bit of work that is going on internally at the moment, other than the incentives
campaign, is progress on a permissionless bridge.
So this is something that both Dan and I are acutely aware of and have been for quite a while.
Also a bit of a spoiler, one of the things that came out in the Penrose report is that not having a high quality permissionless bridge is a serious barrier to adoption. It is not something that is
insurmountable. Obviously, Radix has had good TVL come across
Instabridge. It's had good interest with cross-chain swaps with Maya and the stuff that
Astrolessence incorporated there. But still regardless, it is not the experience that
many crypto natives are expecting. So having that permissionless solution where you don't need KYC
or AML to bridge assets between, so like Ethereum, Solana, even things like Sui and stuff into
Radex is going to be really, really important.
So one of the key things that both Dan and I are keen on is that a permissionless bridging
solution, we don't really want to back only one horse on this.
There's a couple of different approaches we can look at here.
I know there's some interest from kind of ecosystem teams and potential partners to
explore this as well. And we really think that it's important that there are multiple horses in this
race because having a single point of failure is never ideal. And this is something that we've seen
happen before where there's been lots of positive movements from entities like Layer Zero, which
haven't actually gone live yet, despite best efforts and despite thinking and being told that they would be relatively near term, having multiple solutions
going into production to come here is going to be really important. The other big thing from the
foundation side is Dan has been doing a lot of work behind the scenes on things that I can't say
much around, but he did drop in in Telegram yesterday saying that it's, I think he
phrased it as securing new capital. So obviously Dan with all the PR work he's been doing and just
having been involved in the web theory industry for so long is very well connected. People have
a lot of respect for Dan and the work that he has been doing and what Radix is building. And you see
that privately, but also publicly,
when you get the odd message from Andre Cronje coming out and being like,
hey, I followed Radix and the work Dan's doing for ages.
It's really interesting.
He has a good private network and good respect within the industry as a whole.
So he's been hitting up a bunch of those contacts,
really showing the changes that have been happening in Radix over the last couple of months with the restructure, what our focus is going to be on the months coming forward.
And obviously with the news around kind of the incentive campaign and some of the stuff we're doing with permissionless bridges, et cetera, are getting some interest.
So Dan has been definitely whipping up the troops, shall we say, on that side, which again is laying the groundwork for the growth that we all want to
see going into 2025. Other updates. So some of these you would have read before because these
were in the X-Space, or it's not X-Space, the X-Article update last week. So if you've already
seen these, apologies for repeating them. But as I alluded to a moment ago, Dan had a blockbuster
week from a PR perspective there. so our pr team that we engaged
it late q4 um have really been delivering good results for radix recently so they got down on
the untangling web 3 podcast which is a really good watch if you haven't watched i highly recommend
it they covered some of the core problems around defy adoption around like the user experience
being the key to mass adoption.
Plus, of course, the big hard hitter of Radix,
scalability and infrastructure challenges
that the space faces.
So a lot of these sort of things are, again,
building credibility.
They build networks, they build connections,
they let Dan have more opportunity
to speak with more knowledgeable and reputable people
in space and more people watch these and hear about Radix
and hopefully have more of their radix revelation alongside that dan was also in coin telegraph
um with a piece that i'm personally a massive fan of that l2s won't save crypto again a really
interesting piece there it was the headline it's a bit controversial for some and there's many in
the space as well who will fully agree with that sentiment that L2s
are a bit of a duct tape plaster over really fundamental issues with how L1s operate.
But it's also something that's got a lot of traction. So getting these are really useful.
Likewise, he's also been into Crip Media with a quote in there, which again,
had a link back to Radex. It's just more building up a PR
profile for Dan. And that is kind of the founder-led marketing approach that is extremely
successful in crypto. Looking a little bit wider on things happening in the ecosystem. So again,
some of these you may have read in the update last week on the weekly x article and so apologies if you've seen any of those but first
up a massive shout out to uh fomo and hit for their fund portfolio page going live so you can
go and take a look at that now it's on addicts.me forward slash fund see your portfolio allocation
within the ecosystem um you can essentially stake xrd to their node the fees are used to
operate within that fund and they pay out some
of those in to all the people who have staked. So some really great opportunities there. XRD
DGENs as well. And I promise, even though they're spamming the emojis, this isn't just a massive
shout out for the machinist and Felix, but XRD DGENs, for those of you who don't know, is a new
NFT marketplace and launchpad that's going to be launching on Radex. So they are getting very, very close to their launch. I've been lucky enough to
have a sneak peek at some of the stuff they're building. It's looking really, really good. So
I'm excited for that. But the big thing that they've kind of put out recently is that every
NFT creator on Radex can now enforce royalties via XRD Degen for free. So that doesn't matter if
they've minted their collection on XRDDgens
or somewhere else, they'll still be able to do that. Rad Explorer and Radix Shards have also
been doing a bunch of cool stuff. So Rad Explorer has recently added in a historic view for the
amount of state XRD. And if you go and look at it right now, you can see that's been climbing.
So why should token holders, why should people in the community care about the amount of
staked XRD?
Well, the big one, obviously, is its network security.
The more XRD staked to validators, the higher the economic cost to attack the network.
So more stake just shows that there is more security on the network from an economic standpoint.
The other piece is, of course, that it shows that people are willing to be essentially soft locked up into the project.
They've got their XRD on chain, staked, has about two week unstaked period because they're confident in the plan.
They're confident in the direction Radix is going.
And while things are certainly not going as smoothly as we'd like in some places the long-term plan
is now starting to deliver the things that dan has been announcing over the last couple of weeks
the plans we've got around the incentive campaign and to really drive a lot more use and adoption
are all coming through here and large holders and small holders alike are going i like the sound of this let's take stake xrd let's hit this one um in
lock in for this plan and see how it's going so again this is some fantastic work there and also
fantastic work by rad explorer for getting this xrd staked crafts up and honestly the work that
charlie does with rad explorer is really phenomenal like the things that have been built the speed
that things come to market are great work and it's just another fantastic example of the builder community in the Radex
ecosystem being so strong. And this is kind of like a guiding light and something that comes up,
looping back to the sports team we were speaking to yesterday, comes up a lot of going when these
institutions look at, or institutions or enterprises whatever
you want to call them are looking at radix and one of the things you can say is like for our size
the things that have been built and the ease they've been built and we have front of mind
examples of all different types of builders from i'm just looking at the space now from like charlie
about explorer through to like Wiley through to Austin,
a bunch of different like typical developer profiles, you know, they will be able to
successfully build complex things at a fraction of the time and cost of on other networks.
And that is a huge point for those entities that are looking at Radix and other Web3s,
or those entities that are looking at Radix and other Web3s, DLTs are going, well, if these people
are able to build these incredible things, that means that we can train up developers, or we can
find developers in the ecosystem to build the things we need building, which gives them stability,
it gives them long-term upside and confidence in the ecosystem, and in the network as a whole,
which is a really key thing for these big brands
because one of the things they don't want
is to essentially get something live
and then have a nightmare supporting it
because if the contractor or third party
they're working with has gone bust
or is no longer offering them services
or tries to charge them an absolute fortune for it,
if they can't pick it up,
ultimately their brand, their reputation
is on the line with their fans and their customers so these are really big sell points so everything the community does and one
of the big things that i've always been a big advocate for on celebrating ecosystem success
is for this reason because the things built on top of dlt's are the things that drive a lot of
people to come and use them and the silly analogy use, if anyone wonders why that's the case, is when was the last time you noticed, say, like YouTube do an update to their
video player? You may have done, you may have seen something, but if the only video there was
watching paint dry, no one's going to give a damn. Likewise, if a video player is a bit janky and a
bit awkward, but they've got, it's the only place to get the content you want, then yeah, people
still put up with a lot of pain. So if you get both a great kind of great rails to be able to get that experience on
the consumer and developer side, and great things to interact with on that platform, you get a lot
of pull of both the supply and demand side of a multi-sided platform. Other things happening in
the ecosystem. So now nodes, those of you who don't know, Now Nodes is a kind of enterprise level node operator.
They have just recently announced a Radex ecosystem support program.
So they've partnered with the Radex Community Council to offer developers and businesses on Radex a way to access their node infrastructure, their APIs for free. They have opened applications for
that today. So if you are a developer on Radex and you are interested in being able to access
some of the now node services, applications are open today. I can't remember exactly how long
they're open for, but hey, if you're interested, go and apply today. These are more tools which
can be useful for people building. It can take some headaches off your side and gives you just more opportunities to build awesome things on the network.
revenue has now been deposited into the Astral Essence staking contract, which basically means
that a share of all the fees generated through Astral Essence aggregator pool and validator node
are getting shared out. So great work to the Astral Essence team there. I'm glad they've done
something this week other than just adding another chain into their bridge, which obviously is a
great thing. But they're probably running out of chains to start
adding soon. So good to see them branching out. So when they've eventually integrated every possible
network to being able to bridge into Radex, they've still got some more stuff to work on.
These news were also coming from last week. So again, you may have seen this, but Root Finance
have launched their referral campaign. So if you're a user of Root, make sure you check that out. Lattice3
are yield multiplying to Radex. So they're working with Root Finance and Weft Finance to amplify
lending APIs. The Lattice3 team are awesome. They actually came from the European Blockchain
Convention hackathon last September. So some really awesome things there and showing those
events can be very, very powerful. Radexplorer, again, they come up last week. So some really awesome things there and showing those events can be very, very powerful. Rad Explorer, again, they come up last week. So last week, Rad Explorer had their
NFT update. So you can see NFTs through Rad Explorer as well. Deliver had a new NFT collection
launch with 91% of it sold out. They had 5,000 unique digitally hand-drawn deli delivery boxes.
I'm not going to confirm or deny if I own any.
I know I've been asked many times, but I try to stay out of that. But they are really cool. It's
great to see the community engaging with those. They had random mystery minting, so you didn't
know what box you were going to get. And 50% of the minting profits went into buybacks for the
deliver token that is locked for years. So that is all of the
main ecosystem updates. So once again, if you do have some questions, I have been monologuing now
for 26 minutes or so. So if you would like to chat, if you'd like to give my voice a break,
please request the mic. We'd be happy to have some people in the community step up, ask any
questions, tell us about some cool things. Tell us what you've done on radix this week um there have been some questions from the community so
one of the ones that i know has been coming up a lot and it's going to frustrate some people on
the answer to this around why there hasn't been an update on anthic and and what's happening going
on with that sort of stuff that rdx works been doing. Honest answer to that is it's not something that we can comment on as the foundation. So the last update from RDX on Anthic
and Blend is that Blend went live in an off-chain capacity. And also Anthic is all ready to go
technically, but is waiting for regulator approval. So I'm sure they will give updates in due course on that.
Obviously, a lot of these questions around RDX are pending a lot of the restructuring stuff,
and also it wouldn't be after the restructure, the right thing for the foundation to be commenting on that, just in the same way as any other DAP or project building on Radix wouldn't expect the
foundation to comment on their behalf, on their updates or anything else like that, unless they've put it out first.
While I take a look through the comments that have come up on the actual space as replies to here,
the machinist, you've requested to speak. Thank you very much. I can now take a breath.
Can you hear me?
I can hear you. So at least I can. Other people may not be able to, but I can. That's all right. It's okay. I'm sure they can. No, I know what it's like
to just have to ramble on for a long time. So I figured I'd give you a break. And actually,
I did have something I wanted to point out kind of, or I
guess ask a question about what you said about the hyperscale test. If, if that's all right.
Of course I will answer what I can. Um, but obviously Dan is the man in the seat for that.
Of course. But, uh, it's just kind of a silver lining thing. I know there's still some work to
be done and everybody's working hard at it.
But you did say, I read in between the lines there, you said everything else is in place,
right?
So the third parties are in place.
Everything else that needs to be done is lined up.
All the ducks are in a row ready to go.
100%.
So we've had, and again, the third parties that we're working with, the hyperscale
test are names that everyone, even outside of crypto would be familiar with or have heard of
and are reputable. Obviously, they have large teams, they have their own internal marketing
teams, their own internal legal teams, any kind of involvement with something like this has multiple sign-offs from their side, has lots of coordination. So I've been involved in
coordinating some of those since the summer on getting all of the quotes, the press releases,
the blog posts, what they're going to say, who's going to say it, what's the exact phrasing,
how can we talk about their involvement with the tests and everything else like that.
All signed on the dotted line, the I's dotted dotted the t's crossed and everything else now for quite a
few months so that's ready to go um it's cooked um the the main thing that i see is a question
from the community which is understandable it's like oh can we know who those third parties are
and it's something i've answered a few times in telegram but worth answering here too is that
when you're working with these very
big third parties even if the people you're directly dealing with are very keen to talk
about it and are very happy to talk about it because they're in there when they are speaking
as representatives of those companies or those institutions they can't just unilaterally go
oh i said this that is going to get them into big doo-doo
internally when their legal or marketing or press team find out that they said something.
So they always have to get it checked. And if it's getting checked, the question that always
comes back from those legal teams and from compliance teams and stuff like that is going,
is the thing we're saying definitely 100% correct? Is it speculative? Is this
going to come back and bite us? Because big entities of any type are usually far more concerned about
risk than opportunity. And so just speaking very bluntly from the Radex side, these are mainstream
brands. They're going, well, this is this cool crypto project, but it's relatively small. Crypto
itself is a bit of a scary thing for many brands, even if they're very keen on it. They're going, oh, is this something we want to
do? What are we exactly saying? Is that going to come back to bite us? Is this going to be a problem?
So if you ask them to comment and come out publicly before a test, you're going to get an
unbelievably watered down quote. Whereas if you say, hey, can you put something out after the test,
when you've actually validated it, would you be comfortable saying this they're like oh yeah like if that is true we verified that
internally our person's gone and said yep that the hype scale tested a million plus swaps per second
and we've got the thumbs up we're confident that we're stating something true sure someone from
our company can sit there and say this this was amazing. This is a groundbreaking
thing for crypto or whatever. They're not going to say that beforehand, or they'll caveat it with
so much legalese that it's just a bit naff, to be honest. And the other problem with that is from
the press and influencer side is something that is both a good thing and terrible thing in the world
is that the news cycle is 24 hours.
And everyone wants to be first, but no one wants to be last on something. And so if you've already put out, oh, we're working with X, Y, and Z company, or this test is coming up and this person
said this or whatever, when you go and pitch that, or when our PR agency goes and pitches that,
the journalist on the other side, the influencer on the other side gives you a quick Google.
And if they see that getting covered or talked about somewhere else weeks ago or months
ago, whatever, they're like, that's old news. Who's going to care? Why would they come and look at my
thing? So this is something where you've got to play the game a bit. And it's really frustrating
because there's so many cool things I'd love to be telling people about that are ready, are good
to go, but need to make sure we do it in the right way so that we
get the maximum impact for this, for the entire ecosystem and for the entire community.
Right. And, and that does actually make sense, right? If, if you guys released all the names
right now, uh, people would go out and report on it. And then when the actual, uh, test happened,
right, it's old news by then. And then people missed the actual numbers,
right? I mean, obviously there'd still be reporting, but it's better to have everything
all at once. No, I was just asking because in my opinion, that's huge, right? That all of these
other bits and pieces of what is a huge thing to put together is all in line and ready to go,
huge thing to put together,
is all in line and ready to go,
especially the third parties.
So I was just excited to hear that.
Yeah, I'm really excited about it too.
I know the third parties are as well.
Behind the scenes,
they've been doing lots of work on stuff
without giving away any details on stuff.
It's not all just press and PR.
Many of their teams have been
involved technically on this have been reviewing stuff they've obviously the test in december there
was some stuff going in around having um some of their first party testing criteria being included
in the code being able to have that so they can verify the results and can put out those
more bullish statements afterwards when it hits the numbers, the need to get done.
And that involves a lot of coordination, especially with big entities, where just bluntly, a crypto
project is not going to be a P1 issue for their internal teams as this is the thing we must
get done today.
It is for some of their departments, but when it goes up into legal or to their marketing
and PR teams, it's like, oh, this is a thing from that department sort of thing.
It's not, hey, we're launching the new product X, Y, or Z next week.
We've got to get this done.
It's a major line item for the entity.
Right.
Absolutely.
And I'd be remiss if I didn't say thank you for the XRD Gen shout out.
if I didn't say thank you for the XRD Gen shout out.
And hopefully, I don't know what you're doing later on,
but it's 7 p.m. UTC.
We have season one, or season, sorry,
I just got out of work.
Season five, episode one, I'm a professional,
of Rattics Review.
And we're going to go all over XRD Gen,
everything, how it works for any project
that wants to claim royalties
and how everything's going to work. So feel free to stop by. all over XRD Gen, everything, how it works for any project that wants to claim royalties,
uh, and how everything's going to work. So, uh, feel free to stop by. And if anyone has questions,
please, uh, please come hang out. It's going to be a good time. Felix won't be there though.
So it's going to be a little heartbreaking. Does that mean you're,
does that mean you're going to be doing the monologuing?
No, well, I probably still will, cause Aaron's to be there. But I have a bad habit of just rambling on incessantly for a long time, even when I have a co-host.
So I'm probably doing it right now.
I mean, it fills the time.
It gets more people to tune in and it's engaging.
I mean, I like it, but then people probably say the same about me.
So, you know, it's what it is.
Don't worry, machinist.
You tell them why Xrdd gens is great
i will tune in but i have a question for you now oh god decide what a season when does a season
of radix review end and a new season starts like is it a set number of episodes is it
see there's there's something i've learned in life my friend uh that the simplest answer is
usually the correct one.
And it's honestly one we can't take it anymore.
No, it's when something comes up and we need a break for a week.
We just said, oh, I guess when we come back,
should we do another season?
And we just start the counter over.
So basically, every season was just where we took a week off
and just started the counter again.
It's just however it lands.
That is a good reason to do it.
Yep.
It doesn't sound too good in the memoir you'll have to publish when you were the biggest community space for Radex in 10 years' time and you're on the cover of Forbes or something.
That'll be exciting.
Yeah, we'll get there.
Grok will write it for me. Actually, I have a buddy that writes books with AI. the cover of like forbes or something that'll be exciting yeah yeah we'll get there grok grok
will write it for me actually you know i have a buddy that writes books with ai he's never written
a book in his life and he's self-published like six books um he's not even in web 3 with with ai
so yeah maybe we'll see are they good uh i haven't read them because i doubt that they're good but
i mean they're books they have covers so it's better than anything I've ever done.
Yeah, this is one of these weird things where it's, and again, it's a proper tangent here, but is the challenge of predominantly ad-driven revenue for content, or in a book's case, obviously selling books, or if you're on like
Amazon Kindle, unlimited like page view reads or something like that is volume massively,
massively outdoes quality every day of the week. Like if you look at successful YouTube channels
and stuff like that, bar a few, like they're putting out content every day. If you, especially
like TikTokers and stuff, like multiple videos a day, even if they're very repetitive and things like that, just because
getting that content out there just increases the surface area of stuff coming through,
which gets you more revenue. Whereas doing like one fantastic bit of content
once a year doesn't have the surface area necessary for luck to necessarily strike you.
Yeah, no, absolutely. Quantity has become more important than quality,
especially in content. But what are you going to do?
You know, you can solve with crypto potentially. You could have a different payment system.
You could solve everything with crypto, but only if it's XRD, not financial advice.
But what was I going to say?
Oh, speaking of a book, should we write?
I know with this new incentives program, right now, everyone on Radix, it's interacting with
the chain and everything else and has been since, what was it, early last spring?
This is season zero for the incentives
program uh so people are actually earning right now without even realizing it and they have been
earning uh that would be a great title for a book about the early days of the chain and the community
and everything else season zero
that would when when are you going to write it i don't know
i'll work on it i'll and and maybe we'll we'll mint it on xrd gen it'll be great yeah just don't
write don't write it with ai oh come on that's what you're supposed to do it's hip it's bussin
i've been trying to learn, uh,
hip terms cause I have a 16 year old. So I have to say bussin' more often. I'm not sure what it means. Um, but anyway, I should let you. This literally came up yesterday around like hip
terms. Now we were, someone was telling us about their like teenager, um, and how the trendy the trendy terms now and all of us were just like we now feel old
not just because we didn't know what those terms meant but also we were all insistent
that while we had weird terms that we had as teenagers and stuff like that we didn't think
they were as weird as the ones are now yeah no that what is skibbity i i think it has something to do with a
uh some kind of toilet right isn't it like a skibbity toilet or something i don't know i hope
my daughter doesn't listen to this i'll never live it down hold on i'll ask ai grok will know
i don't how do you spell it i don't. Do you think I've got time to spell it?
Speaking of Raddick's review, I will listen in.
I won't be speaking because I didn't get back to my house until 2 a.m. this morning.
So I am flailing. I've had many, many tea bags in my tea today.
Whoa. OK. Listen.
Wait, I have a sound effect for that there it is okay anyway um hey can i
share the space uh for later so people know where to find it is that okay of course of course all
right stand by people check out the jumbotron um all right well i i'm i'm looking up skibbity here, but if anyone else has important Radix questions, please go for it.
I'm sorry I came up here. It always devolves into idiocy whenever I show up on stage.
Well, it must be working because the number of people tuning in is increasing and no one else is putting their hand up to speak,
which again, final shout out, because if no one else requests the mic, we will be wrapping up. I don't have much else to monologue on.
There aren't really any questions coming in in the space, other than people thanking for shout
outs, which of course, welcome. So if you do have any questions, this is kind of your last warning,
your last chance to stick that up. Otherwise, I think we'll wrap it up there.
And the next Radix content is, of course, the Radix recap,
starting with Felix.
No, not Felix.
The Machinist, because Felix isn't there, apparently,
tonight of season five.
We do have someone up.
Wanda is asking to speak.
So I don't recognize that handle.
I have accepted.
Let's see how this goes.
And I found Skibity.
Whenever you're ready.
I did.
Well, apparently Skibity Toilet, S-K-I-B-I-D-I, is a viral series of short, surrealist YouTube videos featuring human-headed toilets fighting against camera-headed men.
So I'm not sure why people say it still.
But yeah, there you go.
There it is.
And it's actually terrifying looking.
So look it up, people.
It'll give you nightmares.
I'm still sticking hard.
We had some weird shit when we were teenagers in the early internet era.
It wasn't that weird, I swear. No, it wasn't that weird i swear no it wasn't this weird yeah um i don't know
uh wonder you've been um you've got the mic so if you want to unmute i don't know if you have a okay um gmgm guys please am i audible yes you are okay i'm i'm actually very new to
the radix ecosystem and i was just asking if i could get the link to the community on cg
uh yeah so the easiest way to find all of the Radix links to all the Radix community, just go to radixdlt.com, our main site, scroll right down to the bottom of the page, and they're all linked in the footer, all of them.
So there's an amazing Telegram, Discord, X community as well.
Reddit's a little quieter, but has some really high quality content on there.
And of course, there's some great accounts you should follow as well in the ecosystem.
So make sure you check out radixecosystem..com they've got a whole list of the projects there um where you can really orientate yourself and i'm sure there's
a whole load of people in the community who would be very happy to help you on board and find cool
things to do okay thank you very much and to you all. I'm just new to your ecosystem. I want to actually see how it's going to go. I've already been on.
I can't hear you.
So you've already been on?
I was going to ask, how did you discover Radix?
you discover radix okay i discovered it through a friend of mine defites easy he actually talked
about it and i asked him if i could look into it he was like guys there's no problem that i should
just i should do research so i've been trying to follow up little by little with a few steps and a few methods I've gathered.
That sounds awesome I'm glad to hear people are encouraging others to look
into Radex. We have a saying of Radex that one of our old CMOs had which
was the Radex revelation which is as you look into it you will find more and
more things that get everyone here so excited about Radix.
And if you've got any questions, make sure to drop them in the Telegram or the Discord or just tweet about them. And as I say, there's so many passionate, knowledgeable, enthusiastic people
in this community, pound for pound, the Radix community. I'm slightly biased, but I'd say is
the best in all of crypto. So make sure to ask some questions and I'm sure you'll get those answered.
I surely will.
I surely will.
No worries.
I've got another request to speak.
So that one went well.
I'm going to roll the dice again
and pull up someone else
who has requested the microphone.
We'll see how that goes.
If one of one went well,
machinist, maybe I should just do it.
What could go wrong next time?
Yeah, famous last words, right?
Hold my beer.
It's skibbity.
I mean, every time I hover,
I hover over the mute space button
just in case.
Oh, yeah.
James.rs, you should be able to speak now.
Hey, Adam.
Yeah, thanks for taking me up.
I don't have much to talk about.
One or two things, I really liked the announcement from yesterday, or at least that photograph
was pretty nice. I know where that's coming from, so good job. I hope things turn out quite good for
that end. And the last thing was that I think this week we've had um a new tool come up for
one of the channels that's regularly used in telegram and yeah that tool's quite fun i think
a lot of people oh yes i will i forgot to shout that out thank you for reminding me so i i had
it on my list i skipped over because i was going to do it at the end. So 100% right. Firstly, before I shout that out, I was honestly surprised at how damn good people were at speculating. I'm not going to confirm or deny where I was yesterday from that picture because I took quite a few pictures and I thought I'd scrub that one of anything that could give it away. And like within minutes, people were making very educated guesses,
shall we say.
Good to hear.
That's good.
Good to hear.
I think some people are quite aware what that could be.
But let's keep it for the appropriate timing.
So the shout out, of course, like this is another great example
of things people can do on Radix. So Octo, um, made a telegram, um, bot where I'm sure people have seen in telegram,
there's the, um, slot machine emoji, where if you do just add a message, it actually
operates like a normal slot machine.
Um, and Octo built a quick bot where you could put some xrd behind um whether you thought that you were
going to win on your roles and it would do a bunch of roles and and if you won you got more xrd back
and things like that so and that that seemed to get spun up in literally a couple of hours it was
really impressive so exactly on that exactly big shout out to octo for that is real fun
not financial advice or anything it's really well made it's fun bring some some quite uh entertaining yeah chats as well in the in the community i think
he even released uh the dice one so yeah he's been doing quite good that's all thanks adam
thank you well on that oh nope sorry we've got another speaker. I'm going for three of three. But then I will call it because I have got to get back to the PR agency
who wanted a response from either Dan or I on something.
So I need to go back to that request.
So, Nikolai, you should be able to speak.
Yep.
Yep. Thank you for having me on, Adam.
Thank you for having me on, Adam.
No problem.
No problem.
Yeah, one question regarding the wallet development,
especially...
Dammit, this word is gone now.
Like the security feature which was the ditch now
um for the moment um the mfa in the wallet yeah yeah multi-factor authentication yes sunday the words were gone um yeah like uh is this a high priority item after all the separation um
After all the separation topic is over because like it was always said
many, many security features were like not there or are still not there
because this was always a like next item.
That's a really good question.
So the reason that the big reason for MFA is first and foremost, for those who don't know, so multi-factor recovery and like multi-factor signing is built in natively to the Radix network.
So it is actually already live. It is on on-chain. From a developer standpoint, you can use the access controller in a whole bunch of really cool ways, thanks to how accounts and smart accounts are operated on Radix.
One of the headline things that that enables is the ability in the wallet to set up truly decentralized recovery methods beyond just having a seed phrase or a hardware wallet.
And those can range from, again, it's a little complicated,
but you have different roles.
So you have like a recovery role, a initiator role for recovery,
and you're able to have different levels of security hardness,
shall we say, of those different factors to be able to operate
each of those roles or many of them. So you could have, say, for
example, like you could sign transactions with just your mobile phone and biometrics, but if you
wanted to change a factor for recovering your account, say if you lost your phone, you had to
use like a hardware wallet and something else. Now, building that into the wallet, even though the technology is
already live on the network to be able to do that, has a bunch of potential complexity. And the reason
it has a bunch of potential complexity is because while each one of those potential factors might not
be necessarily that complex, you need to make sure that a user doesn't accidentally get themselves into a bad state.
Because while seed raises are definitely not great and have many problems, most people in crypto today kind of understand this concept of like that seed raise you really, really have to make sure is 100% secure and never shared.
And that can always get you back into your account.
can always get you back into your account. So if you do have other factors, so if you take like
social recovery as an example, or maybe like a complex password or something like that,
that could be an okay factor for say like confirming a recovery or initiating a recovery,
but not confirming it. And you wouldn't want someone to get in a position where
they have weak factors that could compromise their account if they had things, or if they
set up recovery factors where if they lost one of them, they potentially got themselves permanently locked out of their account or something.
It doesn't really solve much.
So that is why there's some additional complexity to actually creating those user flows in the wallet.
Not because getting it right most of the time is particularly hard, but it's to make sure that you basically can prevent a user ever getting into a bad state.
to make sure that you basically can prevent a user ever getting into a bad state.
And when you're dealing with assets, you kind of need to make sure that's always the case,
because understandably, people get quite annoyed, even if it is from their own doing,
they get locked out of an account and we can't do anything to help them. It's not a good experience.
So that has been being worked on for quite a long time. RDX has been working on that. It was
originally meant to be a feature that was going to come with Babylon, but got delayed. And when the restructure
started, the foundation was informed that that would be taking at least quite a few more months
to get done and come with quite a high cost to do that. And one of the things that Dan and I
really discussed is what are the barriers to Radix getting growth and adoption and success this year?
And one of the key things we looked at is when you look at what you're trying to use in any kind of product, you have things that reduce the barrier to being able to use it and maybe make it easier to use or feel more comfortable
using. And then you have things that drive the desire for it. So a simple example of this could
be like, if I had to drive 30 minutes outside of town to a retail outlet, but I could get a product
for 20% cheaper than in town, people would probably do that. It's more inconvenient,
but they might do that because they get a good saving. But they're not going to do that,
even if it's 20% cheaper outside of town and driving all that way, if it's a product they
don't want. And it's just like, well, why would I want to go there? As if it's something desirable,
they would. And so there's a bunch of things that Radix has already done to make the barrier of
using Radix far lower. A really good example of that is things like the transaction manifest. It is unique in crypto of being able to 100% guarantee that what
you see there is what is going to happen with your assets with network level guarantees in place to
make sure that you can confidently sign transactions. That already is a huge reduction to the barrier of
using crypto compared to every other network. Likewise, how Radix Connect
works, how being able to use on the big screen or directly on your phone, those are already there.
There's still some barriers, honestly. The things like having a permissionless bridge, having tier
one exchanges, having more on-off ramps, et cetera, they all help lower the barriers. And some of those
are really imperative. And I'd actually argue, and Dan would as well, is those are probably actually more important than multi-factor recovery for the people likely to come over to a new L1
right now. And because the technology is already on chain, actually, we should probably not be
prioritizing this feature that is unlikely going to get someone go, oh, I'm using Solana or I'm
using Sonic. I'm going to go to Radex because it's got multi-factor recovery on it.
That is unlikely, not impossible, but unlikely to be something that is going to drive a lot
of more use, assets, and interactions on chain in the short term versus things like potentially
the incentive program or partnerships or a permissionless bridge or the hyperscale test
or some much easier and quicker
to deliver features in the wallet like and again not promising anything but things like adapt
directory in the wallet or a dark mode or an rss radix name service integration in there those sort
of things are going actually they're much easier and less costly and resource intensive to deliver
and are probably going to move the
needle more for the people who are obtainable for Radex right now, given where the industry is.
And secondly, the bigger features or bigger projects of things around like trustless bridges
or tier one exchanges or getting more capital on the network or on offer amps or hyperscale or the
incentive campaigns are also probably going
to move the needle more. So that's where we really should be focusing our attention. So to come back
to your question of like, is that something that's going to be a priority after the restructure?
In the short term, no, it is not going to be a priority given where Radix is right now. We need
to focus on the things that are going to drive more users and more
capital on the network, ultimately to come and use the amazing things already built in the ecosystem
to get them spinning up, to make sure that we get a thriving ecosystem on Radix. And then when we're
starting going into the next wave of user onboarding, potentially then we'll reevaluate and go,
actually is getting MFA in the wallet right now and multi-factor recovery in the wallet,
the thing that is going to unlock that next level of growth, it very well may be. And then it will
be prioritized. But the thing with every, not just crypto, but every startup or scale up that
you're working in is there is never a shortage of good ideas. There is never hard to try and be like,
yes, we should do that. the hard part is things that you
have to go no actually that is not the thing that is going to be most impactful in the next couple
of weeks couple of months and going to really make a difference to our position in market
and our success versus competitors and getting market share and getting mind share. Nice. Nice. Thank you very much. Very comprehensive answer.
I have a follow up on that because especially because of user interactivity and of what
are users seeing first when they're interacting or getting to know a new network.
And every user will have to first install the Radix wallet
and getting used to the Radix wallet.
And what I see a lot and what I'm thinking as well,
it's a little bit mind-boggling,
is that you don't have the ability to import a second seed phrase,
especially out of security reasons as well.
If I don't have a second device, but my seed rate is compromised,
I don't have a quick possibility
to just create a new one
inside of the wallet I have
and transfer all the funds I have
under the old seed rate to a new one.
I don't have that at the moment.
And I think there are still some things
with interacting with the wallet at the moment,
which are a little bit difficult for some people.
Yeah, thank you for giving us an example. So honestly, I don't know how much of a technical
lift or the exact reasons why that's not been put in place yet. But these are the exact sort
of things that I want to be listening to the community, to the ecosystem and prioritizing
based on that and having an honest conversation of what
the lift is. Especially with MFA not being the primary focus of wallet development upcoming,
there's probably some midterm items that may become irrelevant in the long term with things
like MFA coming in that we may want to look at implementing. So please keep flagging things like
that, Nikolai and and everyone else thank you for
flagging those and those are the sort of things when the restructure is done is where we will be
tasking the people working on the wallet to look at these sort of features and have honest
discussions with the community on what should be prioritized based on the time to deliver them
based on the potential impact of them because yeah things we can't do everything all at once so we have to
pick which things we do and we need to be doing that based on how much impact they're going to
have on the short and midterm at the moment cool thank you that's all from me thank you very much
and thank you very much to um james and machinist and Wanda for coming up to speak.
This I am definitely going to tell Dan that I managed to get four people to come up on the space to speak.
Because usually when it's Dan and I, no one no one puts their hand up.
And you really should because like talking to people in the community is always one of the highlights.
So thank you very much, everyone, for tuning in. Dan and I will be back in two weeks' time for the next Radix Recap.
On Sunday, the Radix Recap X article will be out,
so make sure to share that, like in everything.
The algorithm likes it.
And if you want more Radix stuff, the Radix Recap Season 5
with the Machinist will be live tonight,
and they're going to be talking about XRD DGens.
Or XRD DGens, rather.
So make sure to check that out.
Thank you very much, everyone, and XRDGens rather. So make sure to check that out.
Thank you very much everyone, and see you in two weeks time.
