Let's get down, let's get down to business Give you one more night, one more night, got it
We've had a million million nights just like this So let's get down, let's get down to business
Number, please don't bow, you're not a bottle in my heart state Friends can't shop in my office
So let's get down, let's get down to business
Let's get down, let's get down to business
Give you one more night, one more night, got it
We've had a million million nights just like this
So let's get down, let's get down to business
Let's get down, let's get down to business
If you want more life, more than I've ever had
We've got a million, million nights to stop this
Let's get down, let's get down to business
I can fall back and fall like a bullshit
No, I said before I don't mean it
It's been a while since I've had all the tension
It's in my heart to win it
When I can't do this fucking other thing
So let's get down, let's get down to business
Let's get down, let's get down, let's get down to business.
You won't mind if you want to get it.
You know you have really, really nice just like this.
So let's get down, let's get down to business.
I'm going to be a little bit more of a captain.
I'm going to be a million miles from the start.
Once again, Sora Daily does it again.
This time with a community open mic, round two.
Let's see who we have to speak this week.
I've seen Makoto looking for Bano, William, Gruggo.
Let's put out another binder while we wait for the guys.
That's a heavy one for a Thursday.
Big Mac, how are you doing, my friend?
Yeah, you should do a stand-in for future sound of Egypt.
That's what I used to use when I go home with some more mainstream stuff at the minute.
Just some housekeeping before we get stuck into it.
Basic rules, no price discussion, and let's keep everything respectful.
I hope to see Grugg this time he was there.
I think he was a bit upset he didn't make it last time.
What tunes is that, brother?
Future sound of Egypt dropped today.
That's why you listen to what you call it, is it?
Yeah, actually, I don't listen to music when I do work usually now, because it's too...
You can't create a new world's economic order by listening to some heavy beats all day.
Yeah, I never understood that people understood a lot of work and they have their tunes on.
I used to do that when I was a wage-cock.
Yeah, but what kind of work were we in?
It depends on what you're trying to focus on.
Sometimes some beats help you to tune out of the world and focus on your work.
Next time I'm coding, I'll give it a go and let you know.
What was I going to say there? How did you get on there yesterday? Was the party good?
Tuesday? Already two days ago? Yeah, man. How did you get on Tuesday?
Yeah, so we had a first tour meet-up in Dubai and it was pretty nice.
We hosted at a pretty nice new Italian restaurant because I knew the owner.
They allowed us to pay in Zor if people wanted to.
But the bullish thing is that only one person paid in Zor.
The rest paid in Fiat because they didn't want to spend their Zor because they're bullish about the future.
I know we're not supposed to talk about price, but this is just an observation.
Yeah, but meet-up was pretty good.
Bonus for adoption, let's say.
Yeah, we had like 20 people come, I guess.
Yeah, it's pretty good, I thought, for a first meet-up.
A lot of people installed the Zor app and tried it out.
Some people, it was their first time using a crypto wallet, so that was fun to explain this.
But yeah, a lot of people were really impressed by how fast it was because they're used to Bitcoin where you wait a day to do a transaction.
Even more announcements with the new BRCs.
Somebody calculated that if everyone in the world, well, not even everyone in the world,
if just 25% of the world used Bitcoin, then it would take like 60 or 70 years for everyone just to make one transaction.
Well, what about the Lightning Network, brother? That's what it's all about. That's what El Salvador uses.
So to get on Lightning Network, you have to make several transactions just to get on there,
so it will still take you a lot of time, like decades to get onto LN, and then it's a centralized payment network.
Oh, yeah, so you have to do like a bridge transaction over to the Lightning?
I think it's the time lock transaction.
So you do have to lock your tokens in a special hash time lock contract, I think.
I don't know. Bitcoin's kind of old tech. It's been a while since I looked into this.
But yeah, Lightning is kind of a hack because of poor Bitcoin design.
I think what we have with chain interoperability is a better solution,
because then if one chain becomes too full, you just move to another chain and you can do transactions there.
So it's kind of a good way of letting the market forces balance out the use of different chains.
Yeah, we can already see that happen.
Bitcoin moved from payment, the new monetary system, a new payment system to store a value,
which so far has been doing pretty good.
Well, it's a speculative instrument for boomers to make some money.
So that's really what Bitcoin's become.
And so far it's still pretty good.
Yeah, I mean, it's getting pushed pretty heavily.
I mean, you have CNBC putting Bitcoin ticker on screen every day.
You have The Economist writing articles about it for more than 10 years now.
It's been like maybe 11, 12 years. The Economist has been pushing Bitcoin and Forbes
and all these mainstream news outlets have been pushing it since it was really small.
That makes you kind of wonder about the origins and whether it's really the anti-state,
like anarchist crypto that you think it is.
Yeah, well, that's the number one question, I think, isn't it?
There's proponents on both sides, but it's definitely propelled us towards a digital future.
And I think the idea of a peer-to-peer currency is a great idea,
but yeah, Bitcoin hasn't really evolved to enable that, unfortunately.
So anyway, it gives things like Sora a better opportunity.
Also, Sora has a rational monetary policy, so it gives us some advantages
because the world is complex and you need the economy to adapt to the current status of the world
So just to jump back a couple of minutes back to the Meetup in Dubai,
the first sort of meetup, was there any interest in discussions,
or was it all new stuff, all kind of new people?
Well, our friends from Tonoa came. That was pretty cool.
And yeah, there's a few people doing some crypto projects who stopped by,
but they're working on stuff like BSC.
So it was good to explain Sora and just kind of introduce what we're doing
and putting a face behind the project and the name.
I think people kind of understand it better that way.
So it was definitely useful.
I think having more of these meetups around the world will help to build a community
because it's one thing to maybe...
So a lot of people didn't know about Sora, but they knew about Polkaswap.
Some people heard the name Polkaswap at least, so that's a good sign.
Because Polkaswap is kind of like a meme, right?
It's easy to understand what it's about just by the name.
You don't have to explain it.
For Sora, people don't really understand what it is just by seeing the name.
So that's where education and outreach is important.
And I think it was quite valuable to explain to some people.
Obviously, you're only explaining to a few people,
but it's something that can expand.
And who knows, maybe they'll tell some of their friends.
Several people were impressed that they got to learn about Sora before...
They told me before we were listed on Binance,
so they're happy to be in at the early stage.
That's what they told me, not to speak.
Was the big G there at CZ?
No. Actually, I could have invited him.
We hosted the meetup very close to where he lives.
But anyway, I guess he's too busy pumping his bags.
He's always in the news for one thing rather than...
I've seen some stuff recently.
I mean, he's done some good work for crypto.
Imagine where crypto would be if Binance didn't take all the risks
and do all these amazing things.
So, you know, God bless him, yeah.
Yeah, I wonder where all the degens would be
if they weren't done buying on Smart Chain.
I only found out recently there's people that I've actually never used Ethereum
just because of the gas fees.
And they know the gas fees are fucked on,
so they just don't do it.
The first transaction was at Binance Smart Chain
That's pretty true, yeah.
I mean, I like it better than Tron, at least.
And that's one I can say I've never used.
I've actually used Tron before,
so I can't say I'm a Tron virgin.
In fact, I don't even know what happened to my wallet.
I think I have some tokens somewhere.
Bonus on Tron, so not financial advice.
I think I have a NIO account, too.
Yeah, that was like a thousand, 15, 16 ICO, wasn't it?
Yeah, yeah, it was, yeah.
It's great to be here, guys, and talking with you.
We have more than 390 members listening.
So guys, I heard you were talking about Lightning Network,
and I really tried myself,
and I was not able to find just user-friendly wallet.
It was for me, even me, who is around six years in crypto,
was not able to send one transaction with Lightning Network.
And that, I was like one hour, more than one hour,
finding first the wallet,
then understanding what I need to do here.
And I failed, and that's horrible to know.
That people talk about Lightning Network without knowing,
hey, try it first and judge on it later.
And that's not happening, right?
And I think there are better alternatives in crypto
Yeah, I've never used it.
Try to use it, and it's complicated.
With that said, though, for users who are just joining cryptocurrencies,
for them to use Sora Wallet is like a first dipping your feet in the pool.
I think it's a bit of a confusing situation
because then they try Ethereum, and transactions take minutes.
They try Bitcoin, transactions take days,
whereas Sora transactions are pretty instant.
So yeah, there's a lot of catching up to you in terms of that.
It's confusing to use just how to move money from your bank account
to Sora Wallet, and then from Sora Wallet to your bank account.
Several people asked me that at the meetup.
They're like, so I've got these,
how do I move from like a Durham into Sora in my wallet?
And like, well, you have to do this and this and this and this,
and it will take like a week or two.
So it's not very friendly to get money in and out of the TradFi system.
Of course, Sora cards should fix this in Shiloh,
but it will be mainly for Eurozone people.
Yeah, that's the big one, Maralway.
Okay, even outside the Eurozone,
what is an extra 2% transaction fee?
For the convenience, I'm going to be using it anyway.
Guys, whoever wants to talk,
he can request to open his microphone for asking questions and so on.
Yeah, we have a question here in the chat.
Sunlight EVM chains, we just plug and play from Ethereum.
Will Sora track new dApps?
I think we have to build them.
So, yeah, because we can't just copy paste from Ethereum.
But I mean, is there really anything that we're lacking currently?
I mean, we could use maybe some NFT marketplace.
But in theory, I thought Umi was going to do that after we have order books.
I think the advantage here, I'm not too technical in these things,
and I'm not a programmer,
but from understanding the advantage over EVM chains is that blockchain is robust
and doesn't have any kind of bottlenecks like EVMs.
And that's for sure one of the advantages.
And also, there are so many hacks on Ethereum,
so many bugs and so many things going on.
We didn't see that really on Sora network.
We didn't have any major hacks or any kind of high fees and so on.
And that will attract, for sure, a lot of teams that are going to build on Sora soon.
Yeah, we need to wait and build on this technology that we are doing, I think.
And we will be fine, I think.
That's really a great point, Grub.
I mean, when you want to make a transaction on Ethereum,
if there's something going on or people are aping on a drop or something like that,
you pay sometimes more in gas fees than your transaction is worth.
And on Sora, unless I'm mistaken, it's seven cents a transaction period.
So yeah, I think that's a very big advantage.
And especially if your transaction is instant,
then it's a bit of a no-brainer, I think.
You just got to get rich, bro, and do bigger Ethereum transactions.
I've seen some people talking about increasing the Sora network fees.
Grub, we know you're the master on this topic.
Well, there are advantages and disadvantages,
but I think the advantages are more on top of the disadvantages.
One of the examples is like you get more burns for tokens
and, well, that reduces the supply.
And this advantage is like you have higher fees.
The question is more how high or at which level should we adjust the fees.
Because it's not called making the fees higher,
it's adjusting them based on the market conditions we have right now.
What does Makoto thinks about that, or really, or Billy?
Is there anyone else who wants to talk?
Yeah, well, I think boost them up because I've got a stake Zor
and I'm on a fatter APY, so boost them up.
Plus the supply fetishes will be happy to hear that tokens will burn
if they make more transactions.
I mean, on Ethereum, you have to pay sometimes even like $100 to do a swap.
So we could offer similar fees.
Maybe that'll bump the users, bro.
Yeah, man, I remember playing in the last bullet.
I think the fees were like $200 to $300.
It could have been even more for a swap.
I bought some silver tokens or something on Synthetix,
and yeah, that was expensive.
I think it's like $200 or $300 for a single transaction.
At least silver looks like the idea of the 20 bucks.
Would it be easier to go to a shop and buy gold than to buy in that case?
Yeah, it's easier to just go down to the gold soup.
The other thing is what I'm really suspicious about
is if a blockchain shows its daily active users.
That's a bit misleading, I think,
because who's using his investment daily?
Who is doing that in the financial system?
We need better metrics for that.
It's not said like it doesn't mean anything,
but it's a bit misleading.
There can be bots that are doing that,
and it doesn't say so much, in my opinion.
I think it says that Zora is not an investment,
it's a utility token that people are using it every day.
Definitely, and speaking about investments,
Perpetuals seem to be a killer dap that generate revenue fees for LPs
that far outweigh regular XYK swaps.
What are Makoto's thoughts on GMX and other similar perpetual exchanges?
Oh, that's a good question.
I'm not the gambler of these,
so I don't know much about these perps.
It's kind of interesting.
I kind of feel like there's other ideas
you can also take from TradFi.
Perps are from TradFi in the 80s
that were kind of put into the crypto space,
so there's probably a lot of other ideas like that out there.
I think rather than just copying perps,
it might be better to find some other idea from the past
and bring it to new life.
I'm not sure what that could be, though.
I've been too busy with other stuff
to really think creatively about that kind of thing,
but also, yeah, I'm not really a gambler,
so I think anything with leverage as well
also is quite dangerous because you can make markets very unstable.
There are a lot of gamblers in this space,
and I think they're going to be washed out soon.
And, yeah, speaking of washed out,
the regulation will wash them out, I think.
Brother, you're never going to take the DJI out of crypto
with the hard code, that's it?
Yeah, I mean, I could see regulations in some way
like user-friendly and washing all the scams
that are always really making the market
look like a playground for criminals.
But, yeah, I'm not expert in regulations,
but what I think is that when the phone came,
there were so many scammers calling you
and then it was regulated,
and you don't have so many scammers trying to scam you
with a phone call than in the earlier times
Yeah, I mean, a lot of this regulation is basically aimed
at giving some control of the Wild West that is crypto
because people lose stupid amounts of money over scams,
but also I think a lot of it is more social engineering
where someone tricks you into giving your keys
or making transactions or just interacting with fake contracts
that are going to drain your account.
So, yeah, a lot of it is aimed to protect people,
but then again, when you protect them,
at the same time you're taking away some of the freedoms
that crypto is supposed to give you.
Makoto had a great idea about the solar parliament managing,
like going behind scammers and so on.
I would like to know more about that if the time comes.
Yeah, just need to sort of military
to go and get rid of the scammers, I guess.
We can start with whoever took the Hermes money.
That's what I was just thinking.
Greg's favorite project had a bit of a hiccup during the week.
$250,000 gone to a centralized trader.
He blew up, I think, $70 million.
Greg, were you upset, Bruno?
Yeah, there are not any clear answers to this,
There is no transparency,
like the Hammerstein didn't come out
and explained it in a medium block,
maybe there will be later.
Until then, everyone is suspected to be part of this incident.
I'm not saying that Hammerstein scammed someone
or something like this, but more like it's really
unprespirant what happened and what's going on right now.
Yeah, I think it would be nice to know more details
about the person that took the money
so maybe we could try to find him.
But yeah, I don't know the details either.
But the Hermes Dao concept is pretty cool.
It's a concept, I mean, it's similar to the Dao
back in the day on Ethereum,
which is a cool idea to have people collaborate
and work together to make decisions.
But yeah, unfortunately, to have some tokens,
you have to have some centralization
because it's just the way it works.
So I think finding new ways to structure this
would be valuable for the future, to say the least.
I think Hermes Dao is a small version of Zora Dao.
Like Zora is intended to be a tool for countries
to invest in the economy in a right way
and that the Hermes Dao is for retailers.
And so makes for me sense.
Yo, I'm trying to bring Beno Libre up,
but my Twitter seems to be having some bugs.
I sent you a co-host, William.
These Twitter spaces, man, they're still so boogie.
Yeah, I guess it's not a priority for Twitter.
Yeah, unless you're Twitter blue,
man, you think I'd give you some extra features, man?
Oh, you have some check marks.
I don't even have a check mark.
Get on that level, brother.
I'm not even sure what it does.
You can edit some tweets,
but I can't find the edit button, so that doesn't help.
Maybe you have to pay more.
They should use Zora to manage all the payments on Twitter
and then make it through your pay Zora
every time you want to edit a tweet.
He's definitely going to integrate some sort of crypto, I think.
Probably the New World Order controlled opposition crypto.
Yeah, very disappointed with his new CEO pick.
It was really great to talk with you.
Yeah, have fun with the girls.
See you next time, Grugo.
Yo, we already launched this app.
I'll be back in two seconds.
Yeah, I think joining Twitter blue is the worst thing you can do.
You can only edit your tweets like half an hour
within the time you send it.
In my personal case, I can only send tweets once a day.
After that, the app crashes constantly,
so it is a bit of a waste.
For example, now I was invited to be a host in this space
and the app just froze and crashed and burned.
So yeah, spaces are definitely not a priority, it seems.
I can do it some higher than Zora needs to, maybe.
They need some stability, load tests.
And by the way, there's an interesting question, again,
from Shai Shil, who says,
Makoto, theoretically, the country adopted Zora,
what would be possible that wouldn't be possible
with a regular fiat CBDC system?
It's a good question, actually.
Zora actually would be similar to fiat currency.
I guess the main difference would be,
Zora-based economy would not be commercial bank money-based
or debt-based, but rather would be focused on
actually using the crypto in daily life.
The main advantage would be not so much,
I mean, so it would help domestically,
especially if there's questionable monetary policy,
but the bigger advantage would be in cross-border trade
and helping to reduce problems
and balance the payments between countries.
So if multiple countries trade using the same currency,
then you don't have to do market operations
to sell from one currency to get dollars, for instance.
And that would help a lot in many of these cases.
So that, to me, is the main advantage
because a CBDC would be limited to just one country
and not necessarily focus on multiple countries
Hey, guys, I think it works now.
Yo, welcome to the show, brother.
Yeah, I'm great. I'm good. How are you?
Not too bad. I'm a little tired.
It's quite late here, but all is well.
We have a meeting with the DeFi parachains
and parity in a couple of minutes.
But yeah, I'd like to add a bit on the topic
of regulation as scammers, maybe.
It's a bit double, you know.
On one side, of course, you don't want to be scammed.
You don't want your friends to be scammed.
But I personally am also a bit against over-regulation
and finding the balance between things
that need to be regulated to serve us all
and over-regulating to control us all.
And so I think some countries have good intentions
or are going in the right way.
But what is now on the table, for example,
is KYC for DeFi applications.
As of now, it is not yet obligatory
But a lot of DeFi applications, Texas, other platforms
are already integrating KYC just to be ready
for when it actually goes like the regulation, I mean.
And yeah, so to what extent do you want to have
others protect yourself from scanners by regulation?
I also think whatever regulation scammers will still be around.
So regulation can be very good and supportive
But I'm also very wary of regulation limiting my freedom.
And so it's probably a discussion that the community
will need to have in the future about Polkaswap
At the moment, it's not really a requirement yet,
but it might become in the future.
So that will have an impact on the whole concept,
I would say, on the user experience.
And yeah, that's something to take into account already now.
So then, as a man of the law yourself,
do you really think the argument of wanting to institute KYC
and AML to crypto really has a leg to stand on?
Because nowadays, if you want to on-ramp or off-ramp,
all of your information is taken down.
You need to have proof of address.
You need to have proof of where the funds came from, et cetera.
So it's pretty much as bad as being on an actual bank.
The only ones you're now onboarded into crypto
is where you kind of have this freedom.
So yeah, what are your thoughts on this?
Well, my thoughts are the blockchain is transparent anyway.
So if it's to facilitate transparency overall
and to, of course, to fight crimes, that is great.
However, I see it is being used,
or at least being proposed by certain people
to be used in a very restrictive way.
And that I'm personally against.
I believe it was in the UK that someone proposed
to limit crypto purchases or crypto transactions
up to a couple of hundred pounds.
Everything above that needs to be shared.
So it's a very thin line between
we do this to support the growth of blockchain transactions
and we are trying to control you, individual,
and limit your transaction freedom.
So yeah, I understand for anti-money laundering
and fighting terrorism and crime, measures should be taken.
But often the balance, it's out of balance
compared to the freedom of the individual.
And we should not forget that probably 99% of the world's population
has good intentions, are good people,
and are not using this for bad reasons.
And we can't punish them just to make sure
that there is no terrorism or to fight crime.
So I think it's a slippery slope
once you go too much into regulation.
Yeah, for me personally it's always difficult
to accept overregulation.
Well, I mean a lot of people seem to operate under the assumption
that if you want privacy it's because you have something to hide, right?
And I think privacy is a basic human right
and I don't have anything to hide.
Other people probably not, but it's just the idea
that people know stuff about you or are tracking you
and always under the sometimes fake umbrella
of trying to protect you, but I don't have a choice in it.
So I rather have my freedom protected often
than the things that you pretend to protect me for.
But so to make it very concrete for Polkaswap,
so we had a conversation with some of the leading KYC service providers
in the DeFi space currently.
And they said, look, it's not really a requirement.
It's not a requirement at the moment for retail investors.
What they do see is DEXs or other platforms implementing KYC
to attract institutional liquidity
because the institutions need to show with who they are transacting
and so who is using their liquidity and what is happening,
where their funds are originating from and where they are going to.
So if you want to go down that alley,
then we need to look into KYC at this stage.
All the rest is rather preparation for,
in case that regulation makes it necessary
that you provide KYC on DeFi applications.
Well, I guess in a way that's a good thing, right?
If we want to attract some more commerce and more businesses
to operate using cryptocurrencies as well as the currency
or accepting cryptocurrencies for payments.
It is a good thing on one side, but very practical.
On Polkaswap, let's say you want to attract institutional liquidity
but you want to remain the option of KYC,
you would basically have to almost split up liquidity
or create different pools,
pools that have liquidity that fall under the KYC
and others that remain as it is now.
So you can't really use that liquidity in the same setup
So it provides some practical boundaries as well.
I saw someone had a question about SORACART fees, Fernando.
So the fees are visible on soracart.com slash fees.
You can find it on the new website.
so the fees there displayed are accurate.
We will probably update it very soon.
It will look a little bit different,
but the fees are the same
and potentially a few more details will be added.
But what you see there are the fees that will be applied
So I hope that answers your question.
Yeah, the new SORACART website is pretty sweet.
Looks fresh. Are you happy with it, Daniel?
Oh, yeah, definitely. It looks really good.
And it's going to keep evolving, of course,
more content being added, more information.
So, yeah, I'm really happy with it.
Definitely. What do you think of it?
I'm just opening it up again now.
I think the apply button is not working, Brenner.
No, of course, because you can't apply it.
Okay, so without giving a concrete date,
maybe just the summary of the steps that need to happen.
So currently, the banking partner and limit is finalizing
some remarks that had to be fixed in the production environment.
That should be all done tomorrow.
We will know only tomorrow if it's actually done tomorrow.
If not, it will probably be Monday.
And then our other partner paywings, they prepare it for us.
Then we get the production credentials.
And then it's a matter of hours normally, if all goes well.
So, yeah, tomorrow we know more about when the signups
can really get started, if all goes well.
So it's really in the final stages.
And as mentioned before, it's already a couple of weeks out of our hands.
Things take time, multiple people need to approve, need to review.
So, yeah, it's just a standard procedure, unfortunately.
And then, yeah, so it's coming soon.
It's inbound, it'll not be too long now, Brenner.
And how about stage phase two?
Yeah, we're on track there, making progress every week.
So that is looking, well, it's not going to take as long as phase one.
Yeah, so far no big downsides or setbacks there.
The thing is that what we have seen with phase one,
and that will be the same now.
So the initial build is thoroughly tested.
And that takes a long time.
So testing is being done.
The bug is being found, or something that needs to be changed,
then that needs to be built again, then that needs to be tested again.
So this back and forth, or this process is pretty time consuming.
What we want to avoid is that something goes in production
that needs to be taken down again.
So we don't want to make any mistakes.
I'm not going to name the name, but there's other exchanges,
for example, that have already three times taken down
a certain feature that they offer,
which makes me doubt how thorough their testing process actually is.
So we want to avoid this kind of situation.
We want to be confident that when it goes live,
that everything works and is secure,
that your funds and your data are safe.
Yeah, it's really something that has to go right first time,
especially when you're dealing with a money bug via cryptocurrency.
Yeah, absolutely, absolutely.
On the topic of websites, I see Fearless website got a fresh new upgrade.
Yep, I saw it today as well.
And I actually seen they have some roadmap,
which I'm quite excited about.
Yeah, so they're also integrating SOAR cards,
and we haven't really talked that much about it,
but it's poor in the background.
But they're very close to also having phase one
and the signups available on Fearless wallet.
So the chance is very high that phase two will be
to the actual fiat and banking application
will actually be released on Fearless wallet
together with the other platforms.
That is realistic at this stage.
Yeah, well, I think SOAR card will be most effective on Fearless
is when the XCM and the bridge is live as well.
It's really going to be, you need them three key features
to unlock the full potential of using all the .SANA tokens,
I think I'm very much looking forward to that myself.
So yeah, I participated, I think, in 10-12 crowd loans
with all the reward tokens currently.
They're not really useful.
So having the option to provide them in liquidity somewhere
or to stake them somewhere or to sell them or to buy more
will be really good for the individual user
and for the whole ecosystem.
So that to get a little bit more utility and options.
Hey, Beno, any exciting events coming up where we can find you?
Me personally, I think the next one that is confirmed
will be polka.decode at end of June.
So the whole ecosystem will be.
I'm still considering in about 10 days
there is an event in Madrid called South Summit.
It's not really crypto-focused.
It's more about startups.
it can be very interesting
for the type of companies that will be there.
So yeah, polka.decode at end of June for sure
with the chance of South Summit in Madrid 8 and 9 June.
So that's Copenhagen for decoded, yeah?
I haven't never been there, no.
And Kamil from Soromitsu is speaking there about Kagome.
So that's probably the first live presentation about it.
So that's very exciting as well.
So yeah, I look forward to going there
and meet all the people again of the ecosystem
and to see who is progressing,
what is happening exactly.
And starting people up to Sora card on the spot.
Yeah, of course, of course.
And the end of next month.
Sorry, Billy, on the topic of decoded,
Sora Visionary is also asking,
will Sora be represented in polka.decoded?
I guess the answer is yes, Beno is going.
Then why wasn't Sora represented in previous decoded events?
I don't know, I guess Makoto-san,
can you give us some insight on this?
We applied to several other events,
but yeah, they didn't like our proposals or something.
Yeah, what I can say for this decoded,
it's very focused on gaming and metaverse.
I've decided to really focus or target more polka dots
as a gaming and metaverse ecosystem.
And so I saw the application documents.
We applied with a few topics,
but more on the DeFi space.
And so the spots to talk about DeFi
were very limited this year.
BOR is applied, for example, system analysts,
So we're going with a small crew representing Sora.
But the speaking topics are less about DeFi than other years.
So that is, we were not selected to talk about Sora
but Kari was selected to talk about infrastructure, of course.
But we'll be there with a representative.
Are you going to bring some merch for the homies?
Yeah, for sure, stickers.
And if the t-shirts make it there on time,
then some t-shirts are possible as well.
So yeah, if you're going, you're listening and you're going,
hit me up and let's meet there,
and I'll bring you something.
Nice. Yeah, I actually got a new file.
Someone made for me a new file for some stickers.
So I need to run to the print shop and get them made up.
If anyone else wants the file,
they can hit me up in DMs and I can share it with you.
For some bad-ass Sora stickers,
the ones we had previously were super popular at Web Summit,
Hopefully, there's still some stuck in Lisbon.
If you look closely, there's a lot of those reflective ones
around Switzerland, Italy, Portugal, all over,
just a matter of looking out.
My only complaint with them is they didn't actually have a call to action.
It was just a logo with no website.
But the new file I have has the website and everything you need
to jump in and learn more.
So what else is going down?
Mr. Katz, how's your load doing?
We're currently verifying transactions,
running on clean energy powered by hydroelectric,
Actually, no one has the ground to stand on to say that
Sora does not validate using clean energy,
so at least we've got Greenpeace on our side.
Is that separate or is that just for the town
that you had to apply to specifically get the green energy,
The current node, basically it's running in a place
that used to be a paper mill.
And the paper mill was running, the machines in the paper mill
were running with direct current produced by the flow of the river.
So then once the paper mill's business is happening
with a lot of businesses in Europe,
they remade this area to be a residential and office area,
so the water is still powering the houses now
instead of powering the factory.
Do you know how many kilowatts it's producing?
I would have to research that,
but actually they've opened the space as a museum.
and the next to it they have the new turbine
and they say that the new one produces at least double or triple
of what two of the old ones would produce.
Yeah, I actually used to work in the green energy industry on windmills,
and ten years ago I owned a place that was proposed 200 windmills offshore,
but in that ten years now, because the technology has advanced
and it's more efficient, they only need 50 windmills now,
so it's got four times more efficient for the same power output.
And this also has a lot to say about proof of stake
as a very good technology to still ensure the security of the blocks,
but at the same time not consume that much energy.
Greta will be extremely happy with you, buddy.
Thanks a lot, Billy, and thanks to the others.
See you next time, brother.
Yeah, I think it's pretty exciting.
We had to see the infrastructure growing out
and I'm pretty happy with how efficient the SOAR network is right now.
It's very fast and doesn't require a lot of energy
or really big servers or anything like that,
so it's pretty accessible.
Yeah, the next big test will be one million transactions a day.
We have 500 listeners at the moment,
so they need to do 100 transactions each or more,
Guys, get on SOAR, transact and pull this off.
Full-time and collective.
Yeah, not financial advice.
Just try it out as a utility.
Anyway, I think that it's a pretty nice platform to build on,
so yeah, from here on out,
we just need to find ways to expand use of SOAR and utility,
and then we can also try to think of new applications
that we can build on the SOAR network
that are not just copies of what other people build,
but actually are brand new,
so I think that's going to be quite important.
So if you have any ideas, let us know in the chats,
and we're happy to discuss them as a community.
I guess the first thing that comes to mind is NFT Marketplace.
That's what's missing, really.
How's development on the order books gone, brother?
Yeah, I think our dev stand has order book functionality,
at least for some types of orders already there,
so we're getting pretty close to being able to start
doing public testing of this.
I would expect public testing to start on the testnet.
Awesome, and the key features,
a lot of that's some really killer features
that are due to come out this year.
Bullish year ahead for the network,
Yeah, indeed, in fact, not just this year,
so we're getting really close to having
a lot of cool things come out.
What are you most excited for, brother?
I think the substrate bridge is going to be really cool,
so being able to trade Dot, KSM,
all this stuff is going to be quite important
for PokeSwap, and it's also quite important
for Polkadot as an ecosystem,
it's pretty hard to get your hands on some tokens.
Yeah, and talking about the bridge,
I read the last boy weekly development update,
and it discussed how it's not going to be a separate tab,
it's going to be added on to Hashi,
for lack of a better word.
You'll just be able to choose the network you want to do,
including BSC and other things,
so it's going to be pretty cool.
It's been a lot of work, that's for sure.
Pick the network, pick the token,
and press the bridge, yeah, easy, brother.
Looking forward to that, I'm fearless as well, man.
Oh, definitely, so yeah, I'm fearless.
I think we're also going to be adding EVM support,
and you'll be able to move tokens between Ethereum
and SOAR network just using your wallet.
On the go, any time, any place.
So we can bridge while at the meetups in Dubai, on mobile?
Indeed, yeah, that's going to be quite an important step, I think.
Yeah, so next time you're with the rich sheikhs
and kings of Dubai, you just say, yeah,
you'll bridge all your ETH or all your BSC
and add it to liquidity, and let's go, brother.
Yeah, that's how it goes.
Actually, I think they all have Phantom or something,
so we need to build a Phantom bridge.
Oh, yeah? What's Phantom EVM?
Easy, bro, just add it in, I'll do it. No problem.
Yeah, Phantom is going through some hard times right now, I guess.
Yeah, I never actually used Phantom personally.
How's it doing? Let me check.
Yeah, I never attached it.
Just under one billy, yeah.
So yeah, if anything else is one of the schoolsboys,
anyone else want to come up?
I'm going out to claim some Demeter Farm rewards
Greta won't be so happy about that, but you know what?
It's hot in the afternoon.
Yeah, so it looks like I'm happy with that.
That's all my questions and topics answered.
We'll be back again in two weeks.
I think next week, Zeitgeist is coming on.
We're going to discuss what they're building
and some prediction markets and stuff.
And then the following week, the homies will be on again.
So I think it should be interesting.
And hopefully people see that there's a lot going on
in the SOAR ecosystem because there's quite a lot about
We're just waiting on a few key things.
So SOAR card is going to be a lot of fun.
So on that nice sentiment, I say we call it a day
Go to bed, finish up the Friday and jump into the weekend.
It was good to chat again.
Have a good day, everyone.