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The Tari Show
Recorded: April 22, 2025 Duration: 0:57:06Space Recording
Short Summary
In a recent discussion, key topics included Zora's controversial tokenomics revealing 70% allocation to insiders, the upcoming Tari mainnet launch, and the importance of transparency in crypto projects. The conversation highlighted trends in token distribution and community engagement strategies.
Full Transcription
I'm a hustler baby.
That's my dad's man.
Yeah, I'm a hustler baby.
That's my dad's man. Yeah, I'm hustling, baby.
That's what my dad's making.
I'm hustling, baby.
That's what my dad's making.
Yeah, I'm hustling, baby.
That's what my dad is making me.
If I had the money to go to a breakfast store, I would. I would. I it's
Like me, like me.
Like me.
Go through that record store and steal some records, yeah.
Go through that record store and steal some records, man.
I'm a tie of you, I'm a brick.
I'm a tie of you, I'm a brick.
But I'm so violent, and I can go.
Yeah, I'm a hustler, baby.
My dad's me.
Yeah, I'm a hustler, baby. My dad's made me. Yeah, I'm Hustler, baby.
My dad's made me.
Yeah, I'm Hustler, baby.
My dad's made me.
Yeah, I'm Hustler, baby.
My dad's made me.
It's 8 o'clock.
And I got my hands to bring up.
Can't go to the club.
So I guess I have to do the records. I sit in my back and I.
With my sleepy hands.
I walk out that record.
With your records in my phone.
The records in my clothes.
That's what the gig you gonna do. What the gig is you gonna do about it? is
about it
nothing
I'm gonna slip baby.
That's my dance baby.
Yeah, I'm gonna slip baby.
That's my dance baby.
I'm gonna slip baby.
That's my dance baby. it's Welcome, everyone, to the Tari Show, our weekly X-Space about all things tari um and uh and other stuff too uh hope everyone's having a wonderful start to the week so far hey uh hey ricardo how are you
i'm a hustler baby
i really love simian mobile disco i'm not gonna lie i think i think they're incredible i mean mean I don't know like anyone who's a hater just doesn't know what they're
talking about in my opinion yeah you know I agree all right all right so
let's let's get into it here there's a lot of stuff happening right now in our
industry so the most interesting thing is this whole thing that happened with base and the content coins.
And then Zora announced their tokenomics yesterday, which in my opinion is like hyper predatory.
So let's get into it here.
So Zora's tokenomics that they announced, I'm just pulling it up here, is like really, really, really awful.
Okay, so here's what it is, just so everyone knows.
Okay, 20% of the community.
All right.
Okay, okay.
I'm with that.
I'm with that.
10% retroactive airdrop.
Okay, so everyone who's been farming is going to get some tokens.
That's cool.
5% ecosystem liquidity.
All right.
I understand that part.
20% to the treasury.
Okay, that's a lot of tokens.
18.9% to the team.
Gosh, they're not really ambitious, are they, over there, huh? And then 26.1% to the team. Gosh, they're not really ambitious, are they over there? Huh?
And then 26.1%
to the investors. Okay, so if you add it all up, so 20%
plus 18.9 plus
26.1 plus 5
is 70%.
So 70% of these tokens
are basically going to insiders.
And I just think that's crazy.
I think that is just so nuts.
The best part about it is at the bottom of their tokenomics thing, it says,
Zora is for fun and does not entitle its holders to any governance rights or a claim on any equity ownership in Zora or its products.
any governance rights, or a claim on any equity ownership in Zora or its products.
Okay, so the token is supposedly just for fun,
and yet the team needs almost 19% of the tokens,
and the investors need 26.1% of the tokens,
and the treasury needs 20%.
I don't know, Rick.
Does that feel very aligned to you?
Does that feel like good tokenomic design?
I mean, look, there's two things.
The first is that's, I mean, I think we can all agree
those are terrible tokenomic designs, like, no doubt about it.
And I think that it's not uncommon, right?
But it's also a weird, like, design for tokenomics
for something where it's just for funsies you know i mean that that alone just weirds me out but the second thing is
i feel like um like they've actually just like there's a missed opportunity for them
they could have created a whole culture around zora the Explorer, and they chose not to.
And that, I think, is more egregious than their tokenomics.
Yeah, Zora the Explorer, where we're going to explore the world of content coins that basically rug 24-7 together.
together. We're all going to hold hands and sing Kumbaya and explore content coins.
We're all going to hold hands and sing Kumbaya and explore content coins.
Yeah, so I think my big issue with tokenomics that are designed this way is that it just feels like
it's going to be nonstop basically dumping. That's just how it feels, right? Because
you're not really giving a large number of people
an opportunity to essentially become owners
in the protocol.
I thought the whole purpose of the space was,
these things ultimately become public goods.
People essentially become owners in the protocol
in one way or another.
And it can be through like infrastructure, like mining, for example, or running nodes. It can be through like, you know,
earning tokens and holding lots of tokens. Like these are all like different ways to think about
like people, you know, becoming effectively like owners or an operators if you will of the protocol and it just seems like
we've like strayed so far away from that like every time i see tokenomics like this i just kind of like
want to barf and then the other thing that drives me nuts is when they reveal the tokenomics like
just a couple days or a week or something before their you know their tge it just feels like really really crappy right it just feels
like yeah you know wait you know you had me farm this whole time and then you only now are revealing
the tokenomics i just don't get that like i think as an industry like we should all stand up to that
and say no you know okay i'm excited about you putting out a protocol, like whatever it is, that's cool, or a platform. But man, share the tokenomics in advance so that I kind of know what
I'm getting into and I can decide if I want to spend my time and I want to farm and I want to
participate and I want to do things. This whole idea of like revealing the pie chart only at the
last minute, I think has become like a really, a really, really negative thing in the industry.
And everybody does it now.
It's just the way things happen.
It's like, oh, we're just going to reveal the pie chart at the very last minute because
we don't want anyone to be footing us.
And we don't want anyone.
And we want maximum speculation in terms of people's time.
Maybe it's time for us to coin a new phrase um i feel like when stuff like this
happens we should call it joeconomics because we no one should take it seriously
i i agree i like that i okay there's now a copyright owned by ricardo joke and omics everyone's gonna pay you 180 a
token every time every time you they use joke and omics in a very rich you're
gonna be rich you're gonna be rich yeah I I agree but like I just think we
should demand it like we should demand it from all these teams that are asking people to spend their time.
It's like, well, just reveal the pie chart.
And I get you can't reveal everything.
There's still things either being decided or whatever.
That's fine.
These things are a work in progress.
But at least give the broad strokes to people so they have an understanding on what they're getting themselves into.
I don't think that's an unreasonable expectation or ask.
Do you?
No, I don't think so either.
I think, you know, it's sort of, and to your point earlier, you know, if it's going to be a public good, then disclosure is kind of the, I would say the table stakes here.
That's where you start.
Then when people realize that actually this is not a great outcome and not a great deal,
well, that's one of those things.
But you need to start with informing them.
Yeah, exactly. but you need to start with like informing them yeah exactly um yeah so i mean there's a bunch
of protocols that everyone's like excited about you know there's the one that's there's like the
the m squared protocols you know they both begin with the letter m i mean i don't think either of
them have shared their tokenomics like so like so, like, how do people know?
Or there was that other one that happened.
We mentioned it last time.
There was that one that, I think it's called Double Zero,
and they only shared, like, the amount of,
the percentage of the pie they were selling, you know?
That was, like, all they mentioned, you know,
on their, like, coin list, you know, sort of thing.
So I think people get...
I think everyone's afraid.
I think there's fear.
That's the story I make up.
I mean, I don't know.
I've not spoken to people
at the M protocols or whatever.
But the story I make up
is that they're afraid.
They don't want to reveal the tokenomics
because it's bad. And they know it's bad or
they're afraid that like maybe they don't think it's bad but they are afraid to reveal it because
they're concerned that people won't like farm or pay as much attention to them or something like
if they knew that oh wow 30 of the tokens are owned by the VCs and 20% are owned by the team and 20% goes to some foundation or whatever.
Right?
They're just, I guess maybe they're just afraid.
So yeah, I think it's weird.
I think the whole thing is weird.
I think people should be putting it out there as early as they can.
Obviously, Atari Tokenomics have been out there for over a year.
We published it in March of last year.
So it's like a full year, more than a year this has been out there.
So people can see what it's about.
And if they like it, cool.
And if they don't, also cool.
Whatever.
But at least it's out there so people have an understanding on how it's supposed to work.
So here's another aspect, right?
I mean, you mentioned the public good thing
and like, yeah, I mean, of course,
like ultimately I would imagine
if any foundation or centralized body that,
and I don't fundamentally have a problem
with there being a foundation
or a centralized body, you know, per se,
because I think there's some tokens or systems rather that needed an
immaculate conception like Bitcoin, like Monero. But like, does an L2 really need an immaculate
conception? Probably not. But the role of the foundation or whatever or body that uh you know company that that um initiates it should be to
work themselves out of a job right i mean they should try to like walk that control back until
they no longer exert any outsized influence and i think an important part of that is not owning enough tokens or having enough
tokens under your control to swing a vote. And that's where I start to get a little bit,
a lot iffy about these projects because they put things to votes all the time because that's the
DAO way. And even though they're not a DAO, they're still,
they're still going to like pretend that they are by,
you know,
any means necessary.
And then they,
they put things to vote,
but it's actually a farce.
It's not a real vote when you have double digit percentages,
like significant,
you know,
or 40,
60, 70% of the tokens under your control.
And you can just click a button and, you know, vote for should, what's it, should the founder
buy himself a Lamborghini? Yes. You know, I mean, that's not a, not a great use of proceeds,
but hey, you voted for it. Yeah. I mean, we've seen this happen several times, right?
Wasn't there this, was it crypto.com maybe?
There was one of these things recently where the DAO,
they wanted to increase the supply of the token.
If my memory serves me correctly, and maybe it's not crypto.com i don't want to like throw anyone under the bus here like
i don't remember who it was but one of these like one of these platforms that has a token wanted to
uh increase the supply and the vote was like objectively no right like but then at the at
the 11th hour like at the very last some mystery, like large token holder just came in and swung
the vote to yes. And everyone in the community is pissed. They're like, what? You can't just
increase the supply. Like, what are you talking about? It's obviously an oil baron that decided
to, you know, buy a bunch of tokens and votes. I mean, yeah, but it's crazy. It's crazy. It's
just like, wait, at the last minute, I mean, it was, it was's crazy it's just like wait at the last minute i mean it was it was
like down to the wire and at the last minute some giant holder came in was like yes we have no
problem massively increasing the supply of tokens you know it's like what no of course not like no
one no one is gonna vote for that in their right mind you know because it doesn't benefit the
community it just benefits like you know this large holder whoever it is so to me i just think like yeah the whole dow thing is just uh it's like
it's it's lame it doesn't it doesn't work it just doesn't really just doesn't really work
and then um oh the other thing that i was looking at too is i was on a space yesterday and someone's like well you know naveen look at sui i was like bro sui is like not over 90 of the tokens are controlled by insiders
because they have this giant 50 allocation of tokens that it's like it's like a bunch of things
fall into the bucket right it's like r d and you know but then they also have like validator subsidies. Okay. Cause it costs
a hundred million dollars for the sui tokens to be a validator of sui. Right. And, uh, and so,
so they need to like lend people the tokens because people like no one's in their right
mind is going to go out and spend a hundred million dollars to buy sui tokens just to be
a validator. So they lend them them the tokens but then how are the
validators independent like how can they possibly be independent if you're getting like a loan from
like the core group of people that built the protocol like it's it's decentralization theater
like they're not independent at all like they're gonna do whatever like the whatever the but doesn't doesn't solano work that
way too i don't know i don't know i just i just was looking at the suey thing yesterday because
someone brought it up and it just felt like really lame to me you know it's like come on
you know first of all it's like the definition of low float high fdv right like if they control 90 of the tokens like what
is the actual circulating supply i mean it's like low so i don't know i just think like i to me you
know what it's sort of like it's sort of like when i visit dubai i was having a conversation with
someone about this like last week something about dubai feels very temporary to me, right? It just feels like just as fast as it was built up,
it could disappear, you know?
Like the desert could reclaim it, you know?
Like it feels like one of these things.
And that's how like when projects have tokenomics like this,
that's sort of how it feels to me.
It just feels like, wait, this thing is,
how can this thing be long of this world
if it's just going to be controlled by a handful of people?
In all these cases, there's probably less than 200 people that control.
So in the case of maybe Zora, it's probably less than 200 people that control all 70% of those tokens.
That's crazy if you really zoom out and think about it.
No one is thinking about the number of humans that control the number
of tokens right it just feels like it just feels outrageous to me so i i just i just think we should
be demanding something better i agree i i do think that there's you know the thing is that you can
design a system that is um i don't want to say semi-decentralized, but like, you know, you could do something like a group of a federation of, you know, 20 people or 20 organizations.
20 organizations and they can all vote on things and that is a like it's not massively decentralized
And they can all vote on things.
but it's arguably a better model than um some of these things because at least you go into it
knowing um all or most of those entities and And you know what's happening,
and there's actually a better alignment of incentives.
And it's kind of funny because for the longest time,
a lot of people teased Blockstream for liquids construction being federated.
being federated.
And they were like, ha, ha, ha, that's not decentralized.
And they were like, ha ha ha, that's not decentralized.
But honestly, Liquid's more decentralized than like most of these projects
and probably all of them.
And that's embarrassing because like Liquid's not even particularly designed
to be decentralized and yet somehow it's more expressive
from a decentralization perspective than all of these
because at least they own it. And they're like, hey, yeah, it is. It's a federation perspective than all of these because at least
they own it and they're like hey yeah it is it's a federation these are the federation members this
is how it works and everyone else is like yes decentralization theater just don't peek under
the curtain yeah i mean totally i mean that 100 i mean they the the pie charts are always
uh like if you're going to have a pie chart like that, then what you just described
is even more important. Like, disclose who the parties are, you know? That's the other thing that
was crazy to me, is I was on a space yesterday talking about this, and someone's like, well,
Naveen, you know, maybe there's a good reason for, like, hiding who the parties are behind the pie
chart. And I was like, bro, bro this is like default surveillance chains man what are
you talking about there's no hiding there's no hiding in ethereum what are you talking about
hiding like and if you're gonna have a pie chart that looks like death at least disclose who the
are that have the tokens i don't know to me it's just crazy it's just crazy town like i don't know
either either it has to be set
up in a way where the community is going to get the majority of the tokens and uh and then and
then everyone's like cool with that because like okay yeah the community is going to get the
majority of the tokens that's how it should be um and and it's and then it's oh then okay but
But like, if you're going to have tokenomics where it's 70% of the tokens are controlled by
like if you're going to have tokenomics where 70 of the tokens are controlled by
N number of insiders, like what if it's like 10 people? Like who, we don't know. We don't know
the number of people. It's small. We know that it's small. We know that it's probably sub 200,
but we don't know. It could be five people. We don't know what it is, right? And that, I think, is a really big deal
because it's important for people to know.
Like, okay, say it was 10 people, for example.
I don't know.
I don't know what the number is,
but just say hypothetically it was 10, for example.
Like, would you in your right mind
spend a lot of time sort of farming this token
and being a part of it and being involved
if you knew that 70% of the supply was controlled by five people or 10 people or even 20 people the answer is probably
not no because that's basically just a government but just a very little one
yeah yeah the emperor of x and the emperor of y need to get into a room together and debate it and fight it out. You know? So, anyway.
I do think it would be interesting if somebody actually launched an L2
and they were like, you know, 70% of tokens are actually going to go to people.
I don't know how they'd structure that to actually give it away.
Like, you know, I don't know how they'd structure that to actually give it away.
They'd have to do it over time because you don't want to reward all 70% out the gate.
So maybe it's like you have to do something to get the tokens,
and maybe it takes 10 years to put them all out.
Maybe you could, I don't know,
do something that required some sort of energy
or computational power or something,
and then you got rewarded with tokens.
And then 70% of the tokens ended up not in the hands of bots,
but in the hands of people actually, I don't know,
burning energy or something to prove they're not bots.
I know it's wild, but it could be pretty cool if someone did that.
I agree with you.
I agree.
Okay, so let's talk quickly about content coins.
I mean, they're pushing this thing really hard.
Like every person who's employed by Coinbase is basically pushing this thing.
And it's funny because I feel like there's people on the timeline
who are probably employed by Coinbase, but they don't have it in their bio or something and
they're like content coins are the future they're way better than meme coins and i'm and i'm just
like wait are you a fed like are you you're just like a coinbase employee right like i don't know
i don't know it just it just feels really dumb it feels really flimsy to me
you know this like the whole idea feels really flimsy to me i mean what's your what's your take
on this whole thing well firstly i think content coins are nothing new which is probably the the
worst part about it like people have been tokenizing tweets for like a decade you know
or maybe not a decade but close to it um so this isn't this isn't even a new idea um
but the very notion that someone's going to watch a podcast episode and then like love it so much
that they're going to buy the tokenized version. I mean, it's just absurd.
It makes no sense.
What would the token even represent?
It doesn't represent ownership.
It doesn't represent anything.
And, you know, this is, like, one of the things that I loved about, like,
the DeFi bubble when it was in full effect is people were actually doing innovative stuff.
You know, you look at like what, what Justin Blau was doing.
It wasn't like tokenize a song because you liked listening to it.
It was like, Oh, you can actually own a piece of the pie and, and, you know, get like rewards
as a result.
Like when that, when that song pops off and becomes popular and earns money on Spotify, like that makes sense.
I'm all for like tokenizing equity in a company, you know,
things that make sense where you actually own a piece of the pie.
Maybe the legal rights aren't there yet, but like that could come in future.
But like, what is this?
Why? Why?
Why are we tokenizing content?
This doesn't make any sense.
It doesn't represent anything.
And it's just a hype bubble that's honestly almost as dumb as meme coins.
The part that I think is the dumbest is, so let's pretend like you're a creator.
Okay.
Let's pretend like you make something creator okay let's pretend like you
make something that you're excited to share with the world okay then you go on zora and you do what
you know coinbase wants you to do and you quote unquote coin it okay you coin it so now there's
effectively like a coin you know around your thing like whatever whatever the thing is you made
Okay, the the the coin runs up okay runs up to whatever X millions of dollars in market cap
People are cheering you on from the timeline all the traders are like oh my god Ricardo. You're a genius
Let's go pony. You're making it happen. You're making our dreams come true. I'm gonna go buy Lambos
I'm gonna buy a
new house i'm gonna like do whatever all these things you know with with my you know ricardo
creation money then the token dumps okay then it like falls off a cliff because some people sell
okay now everyone is on the timeline hating on you they're like hey ricardo remember that coin
you launched you're a rugger you you you need to make this number go up you need to like do something
do something devs do something and now you've got all this pressure on you. And now everyone is like focusing on the financial part of it. They're not focusing on the fact that you created a beautiful thing. They're literally saying the value of your beautiful thing is just whatever the like market cap of the token is. financialization effect around something that should have been like an emotional connection
oriented thing. Like I firmly believe that human beings basically have two modes,
right? With regards to these things, like either your brain is in financial mode and you're just
thinking about things in a strictly financial fashion. And it's very hard when you start
thinking about things in a financial fashion for you to then start to think about them like emotionally or you're in like emotional mode and you're you're like focused on
your present you're thinking about it you know with your heart um and you're like engaged on that
basis like think about when you play like a game like mario kart or something like you're not
worried about your your coins in mario kart or your placement in Mario Kart having a financial reward.
You're just enjoying the game because it's a freaking awesome game.
It's fucking Mario Kart, you know, or it's like Zelda or something.
You know, pick any amazing game, like iconic game out there that doesn't have like a financial dimension to it.
It's just straight up for the fun.
just straight up for the fun and so that's the part that i think is like crazy is i feel like
they didn't actually talk to like real creators out there to say hey is this something you want
to do do you want to like hey musician do you want to tokenize your song in this way
and uh and like look man you know if it's gonna go up and down and whatever it's gonna do
and you gotta you gotta live with it you gotta live with man, you know, it's going to go up and down and whatever it's going to do. And you got to live with it.
You got to live with like, because, you know, these tokens are immutable.
You know, they're going to be, you know, immutable tokens.
They're going to live forever.
And they're going to end up on your gravestone no matter what.
I just don't think like they're having the conversation with creators to, like, is this something you want to do?
I think there are some creators out there that, you know, want to create memes, want to create meme coins or whatever.
And that's cool.
That's perfectly fine.
But that's not the message that Bass is putting out there.
The message they're putting out there is, like, everything should be coined.
Everything should be coined.
And I just don't think that most creators want to do that. I can't think of a single musician that we're friends with, maybe besides Justin, who really, really, really wants to do something like this.
Because it's too much hassle.
It takes too much of their time.
And it's a distraction from them being creative.
from them being creative.
Now they're focusing on managing a financial market
and trying to create value for people
who are strictly financially motivated,
who don't even necessarily care about the creation.
And that's the fucked up part in my head.
Yeah, I also think the thing is that Coinbase has lots of strict regulatory burdens.
And so they don't allow OnlyFans creators to use Coinbase.
But then they've been tweeting about how wonderful it would be if, um,
only there was like a crypto version of only fans, like, but then how,
how would that work? Like, um, I mean like, yeah,
arguably that could be created on base,
but they wouldn't be able to onboard or off board. So that makes no sense.
Um, and so I just, I just feel like you're right. Like there,
there isn't actually, there aren't creators that
are in that are invested in doing this right but like the back ends for this aren't even invested
in doing it right so it's just lipstick on a pig trying to create the next big thing
or the next hype cycle
yeah i was just pulling up the uh the terms of service for bass.
I don't know, man.
It just all feels so captive to me.
We've talked about it so many times, about the KYC gates, the surveillance, the mother, may mother may i can i do this can i not do this
like what you know it's just it's like what are we doing you know it just feels like why are we
wasting our time here and i and i understand the financialization part of it like i do get that
part like maybe some of these content coins get listed on
Coinbase. Maybe that happens. Maybe that's part of the plan. Obviously, if you want to gamble on
that, of course, that makes sense to me. Okay, I'm going to go buy some Zora content coins or
whatever because maybe one day in the future they get listed on coinbase and that causes them to pump okay that's a thesis and I
understand that there may be people maybe people out there who are like
playing that but I think that's still pretty far away from like the thing
that they're putting on the timeline which is everything should be coined so
yeah I just think like broadly it's's a pretty dumb, pretty dumb concept.
And, um, you know, it's, it's your point.
It's not very creative.
It's, it's they, they're just, they're just putting lipstick on a pig.
They're just, you know, rebranding the same thing.
Like there really is no difference between a content coin and a meme coin, you know?
And I love the threads in the timeline where people are trying to like split the hairs
between the two
It's like well one's a potato and one's a potato rick
And potatoes and potatoes are two different things, dude
They really are two different things like you can't tell me that a potato is a potato and i'm like bro
They're the same fucking thing. You're gonna get french fries either way, man
You're gonna get fries either way. I don't know what the fuck you're talking about.
I mean, what if one of them is a spud?
I guess so.
It could be a spud.
Maybe, maybe, maybe content coins are spuds.
And maybe meme coins are potatoes.
I guess so. I don't know.
I just feel like people are contorting themselves.
You know, twisting and turning themselves. It's like, you know, playing Twister. Potatoes? I guess so. I don't know. I just feel like people are contorting themselves,
twisting and turning themselves. It's like playing twister, tongue twister here, trying to
rationalize it. That's, I think, how you know someone is a Coinbase employee on the timeline, when they start twisting and turning their words that way. That's the most hilarious part. It's like, okay, why are you doing that?
It defies logic.
Okay, so let's see here.
What else is on our list for today?
Well, we can talk about some TAR Universe updates.
So let's see here.
What is happening?
There's a lot happening.
So as everyone knows, we've been working really, really hard on this feature called Quick Load.
And Quick Load is really an amazing feature because it dramatically reduces the sync time
when you first start up Tari Universe.
Like, pretend like you're a fresh new user and you want to start mining Tari.
The thing that we've challenged ourselves with as contributors is,
how do we get you up and running in mining as fast as possible?
So we came up with this idea where there's effectively a remote node
that is used strictly effectively for bootstrapping purposes.
Atari Universe will connect to this remote node, and then you can start mining very, very quickly, like two minutes or less using this remote node.
In the meantime, Atari Universe continues to sync in the background so that ultimately you can start mining using your local node,
and then you're running a full node for the network, which is awesome.
And really contributes to decentralization and all these wonderful things.
This project has proven to be pretty challenging, but we're making really, really good progress.
So we still plan on getting that out there soon.
I don't know if it will ship this week.
We wanted to ship it earlier this week,
but it may end up being next week.
So that's a major, major thing.
Another major thing is we're going to be resetting the network.
So what that means is your TXTM balances are going to go to zero, but your gems are safe.
So please don't worry about your gems.
The only thing that matters during the Tari testnet is gems and shells and hammers, sky hammers.
Your TXTM is valueless.
And so the network reset is going to happen tomorrow morning.
So please, please be aware that tomorrow morning,
when you boot up Tari Universe, start mining,
you'll notice that your TXT imbalance is going to go to zero
and that's because we're resetting the network
as we continue to prepare for the Tari mainnet launch.
as we continue to prepare for the Tari mainnet launch.
There's a bunch of other things that are in the works
with Tari Universe.
So we're working really hard on adding wallet functionality
to Tari Universe.
So being able to send and receive TXTM
and eventually XTM tokens directly from Tara Universe.
So that is something that we're working really hard on behind the scenes.
And that will definitely be something that's ready by the time mainnet launches.
So that's a very important set of features as well.
And then there's a bunch of other surprises and delights kind of things that are in the works behind the scenes related
to our universe and just overall polish. Cleaning up memory leak issues, other bugs that the
community has identified. The contributors are very, very focused on all those things.
So please keep the feedback coming. We are hearing all of it on Telegram and Discord,
and we're just continuing to knock things down
and just make it better and better and better and better.
So those are the key things that are happening
from a TAR Universe perspective.
Rick, any other things that you think of
from a TAR Universe point of view?
No, I think those are the big ones.
We're pushing hard as contributors.
We value decentralization very, very much,
but we also value the user experience.
And we're trying to nail both, and that is hard, genuinely hard.
But I think everyone's doing really well and getting it over
the line yep 100 yeah i think the outcome here um for for tari can be a really special one um
you know really have something that keeps these are safe um because it's default confidential
Have something that keeps users safe because it's default confidential.
Have something that is just incredibly easy to use.
And Atari Universe is just going to keep getting better and better and better and better.
Obviously, we're not stopping.
It's just going to keep getting better and better and easier and easier to use over time.
And yeah, something that, you know, truly is, like, truly permissionless.
You know, not like one of these, like, Ethereum L2 things.
Like, truly, truly permissionless.
You don't need our permission or anyone else's permission.
The software's open source.
You can go build it, build a binary if you want, compile from source if you want.
You can, like, do whatever you want to do, right?
There's no, like no permission here required.
You don't need a KYC to get in play.
You can just do it as you want to do it.
And that, I think, is really, really important, really special.
Something that's censorship resistant and democratized.
And just going back to the tokenomics thing,
where ultimately it's owned by the community. T, where ultimately it's owned by the community.
Tari is going to be owned by the community.
It's not going to be controlled by some small group of people.
The miners are the ones who are really going to be in control of the network.
Are you saying that the miners are the majors?
The miners are the majors. The miners are, yes. Yes, the miners are the majors. Like the miners are the
ones who are going to be in control of this network, which is basically everyone here who's
listening to this space. And to me, that's like how it should be. That's how it should be. It
shouldn't be these like, you know, unknown number of individuals that they don't even want to disclose controlling the
thing. To me, that just feels really, really dumb. And then it becomes about traditions,
like community traditions and other sorts of things, like our belief system as a community.
As a community, you know, I'll give one little surprise or secret.
I'll share one little thing.
There is a Tari manifesto.
There is a Tari manifesto that will be embedded in the Genesis block.
And we're not going to share it in advance.
It's something that, you know, we've been working on quietly.
And it's just going to be there.
And think of it as sort of like a call to arms, if you will, for everyone in the community.
And, yeah, I mean, I think, like, the ideology here is pretty clear.
Like, everyone, I think, understands, you know, what we're all trying to do together here as Atari.
And, you know, I think it's really special.
I think I'm really, really proud of the whole community,
and all the contributors and everything that's happening behind the scenes with the protocol,
and really creating something that is owned by the community.
It's not one of these things that we were talking about before.
And most importantly too, the tokenomics were published over a year ago.
So if anyone has complaints, you've had plenty of time to complain about it.
It's not like, oh wow, we're just dropping this on you now or something.
Okay, so let's see here.
Before we get to the mining party stuff,
should we tell them when we're going to announce the mainnet, Rick?
I mean, I feel like that's something that we probably should speak about at some point.
Are you trying to say that soon needs to become something other than soon?
like soon needs to become something other than soon?
I mean, I feel like, you know,
we've kept people waiting for so long
and we did pre-announce the announcement
and well, we pre-pre-announced it.
And so maybe it's time to pre-announce it.
Okay. All right. All right.
We are going to announce the mainnet date for Tari tomorrow. Okay. So tomorrow. Tomorrow is the day. So pay attention to Twitter. You can turn on notifications if you desire. If you want to be the first to know when, tomorrow. We're going to announce the mainnet date for tari tomorrow it's been a very very long time coming um
yeah rick the first time rick and i met was in la uh at shutters at shutters in santa monica
so shutters if you've not been to Shutters, it's a great lunch spot.
It's a hotel, but they have this amazing restaurant overlooking Santa Monica Beach.
And we had lunch at Shutters.
And then we went to a Monero meetup.
And then we went to a Monero meetup.
And we just like, which was not on my calendar, but was on your calendar, obviously.
And that was the beginning. That was the very beginning of this journey. And that happened,
gosh, that was seven years, eight or nine months ago, or like that. Like a really, really, really long time ago.
That was the very first conversation.
And then we started talking about Tari
or the project that became known as Tari
very soon thereafter.
And yeah, so it's, I don't know.
I'm really, really excited to get this thing out there
and just really excited to get this thing out there.
And just really excited to hear, see what people think and how it kind of grows and evolves and becomes its own thing.
So, yeah.
So tomorrow we'll announce the mainnet date for everyone.
I promise you it's going to be meaningful notice.
So just don't get stressed about it or anything.
And then, yeah, then we all get to have fun together, launching this thing together as a community. Because unlike one of these centralized bullshit things, we're going to publish a Genesis
block, but then it's up to all of you for you to carry the network forward because you guys
will be mining, Tari, going forward. It's not up to us. It's up to you. So we're really, really
excited to get this thing out there with you. Cool. All right. So the prize for today is one of the very last spirit shell
miners that will exist. So a quick background on this program. So we had this kind of crazy idea of partnering with an OEM to build
these custom machines, these custom Tari machines.
And so we chose CLX, who's a pretty reputable OEM based here in the US.
And we work with them to design these really, really awesome custom-built machines.
And they're super limited edition.
Originally, we were going to make...
We always were going to cap the production at 256 units, but we've not made that many.
I think we've made less than 100 of them or something.
It's small.
It's very, very limited production.
And these machines are
beasts. They're fucking beasts. So it's a GeForce RTX 4090, an AMD Ryzen 9 7950X3D,
has a 2TB NVMe disk, 64GB of Corsair Vengeance RAM, has a 1050 watt thermal take power supply.
It's liquid cooled with this really cool LCD where we programmed this cool animation of the Atari logo.
It's cool. It's just a really awesome, awesome machine.
And it comes with a three-year warranty.
So we partnered
with CLX on this. We're like, look, these machines are going to be used for mining. So let's support
them. So it comes with a three-year warranty from CLX as well. So that's this week's Mining Party
Prize. They're really, really special. They're really beautiful. They're super fun. We had so much fun like designing them.
I want to give a huge shout out to Robin who's a contributor at
Tari Labs who worked very closely with CLX to design these
things. So when you receive it,
there's like 3D printed components in there.
There's all kinds of stuff going on with it.
They're numbered. They're really special. They're really, really, really special.
So whoever wins this, just know that, yes, it's a powerful miner, but it's also a collectible.
And I promise you, it's not going to be coined on base. It's not going to be coined on base.
This is not going to be... You can make it a content coin if you want. I mean, I guess that's up to you.
But we're not doing that.
That's on you if you want to do that.
All right.
So, Rick, who is the winner of one of the very last spirit shells that will ever be manufactured?
All righty.
So, the winner of one of the last spirit shells that will ever be manufactured, this incredible machine, is...
Tom X-Eth.
Tom X-Eth?
Tom X-Eth.
I don't know how you pronounce that, but well done, Tom.
Alright, Tom. Congratulations.
Thank you so much for supporting the Atari Network and for mining.
We'll be DMing you right away.
And we'll be working expeditiously to ship you your spiritual miner.
Our goal is to do everything in our power to get it to you before mainnet,
which we're announcing tomorrow.
We're announcing the date. Okay, to be be clear the mainnet is not launching tomorrow itself but the date is coming
tomorrow so this is the pre-announcement of the announcement that's what this that's what's going
on right now okay okay so we are doing another mining party okay so just so everyone knows
So we are doing another mining party.
Okay, so just so everyone knows, well, I actually can't say too much.
So there is another mining party.
That's all I can say right now.
There's another mining party that starts tomorrow and runs for another week.
The prize for this mining party is going to be a basically pretty much fully loaded MacBook Pro.
So let's see, what are the specs?
It's a fancy one.
It's a fancy one.
I'm just checking here.
What are the specs?
Let's see. It is a 16-inch. Hold on. nano texture display and the Apple M4 max
chip the fancy one like the fancy one with the 16 core CPU and the 40 core GPU
okay so it's like the fancy M4 max chip not the lightweight version 64 gigs of RAM, one terabyte SSD disk.
So this is like a rockstar class MacBook Pro.
Like seriously rockstar class MacBook Pro.
So that is the prize for this upcoming mining party.
So now is a great time, if you're not mining Tari,
this is a great time to start mining Tari on Testnet because your opportunity to earn gems from mining, which is the dominant way to earn gems, is going to be ending soon.
Once mainnet launches, you will not be able to earn gems from mining anymore.
Only you'll be able to earn gems going forward from invites
and some other things that we're working on,
but it's not going to be nearly at the same magnitude
as what you can earn from mining.
So now is your time.
So if you're trying to move up the leaderboard,
if you're trying to get yourself in there,
this is your time to shine.
This is your time.
So make the most of it it mainnet is coming very soon
we will we will be announcing the mainnet tomorrow a mainnet date tomorrow um we're going to be
giving away this incredible macbook pro next week for the uh for the upcoming mining party week
and um yeah there's a lot more to come for Tari. And we're very,
very grateful that you're all here. Very thankful that you guys are participating in all things
Tari with us. And we can't wait to get this mainnet out there with you guys. It's going to be amazing
and super fun and really exciting. And we will change people's perspectives in the industry.
Maybe we don't have to give the people who have predatory tokenomics as much attention.
Maybe we can get back to some of the original ideologies and
belief system that we started with at the beginning of the industry.
Just maybe and hopefully a project like Tari can lead that charge. ideologies and belief system that we started with at the beginning of the industry. You know, just maybe.
And hopefully a project like Tari can lead that charge.
So, Rick, did I miss anything?
Anything you want to add?
Other than soon is becoming now.
Well, soon is becoming like really, really soon, but with a defined end date.
So it's going to be like soon is going to become now on this date.
So that's what's happening tomorrow.
So it's still soon.
So basically, to use a South African term, soon is becoming now now. Yes. And it's like, yes, it's now now.
It's becoming now now.
That's right.
So anyway, well, thank you all so much for joining.
Thank you for your support and for contributing to all things Tari.
And we will see you here next week for the next Tari show.
And happy mining.
Have a wonderful week, and we two. Oh, my God. It's bigger than hip hop, hip hop, hip hop, hip hop. It's bigger than hip hop, hip hop, hip hop, hip hop.
One thing about music, when it hits, you feel no pain.
Life will set controls your brain.
I know bed snap.
That's game.
And we ready for that two soldiers
headed back matter fact who got the guy and where my army at rather attack and not react back the
beach it don't reflect on how many records get sold on sex drugs and rock and roll whether your
projects put on hold and the real world these just people with ideas they just like me and you with
the smoke and cameras disappear again the real. This big damn holy fake-ass records
where Popo's got the millions and my woman's disrespected.
If you check one, two, my word of advice to you
is that relax, just do what you got to do.
If that don't work, then kick the facts.
If you're a father on the bottom,
they make a guy that products auto.
You want to just get high, then just say it.
But then if you will lie, lie, pants on fire,
wolf cry, agent with a Y, y i'm gonna know it when i
play it it's bigger than
who's shopping smalls if we don't get them they gon' get us all I'm down for runnin' up on them crackers in they City Hall
We ride for y'all
