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THORSday Updates & Alpha w/ Chad Barraford
Recorded: Jan. 8, 2026 Duration: 1:51:03Space Recording
Short Summary
ThorChain is set to revolutionize the DeFi landscape with the launch of new features including a token launchpad, enhanced yield opportunities, and strategic partnerships aimed at increasing user engagement and operational efficiency. The integration of AI tools for development and monitoring further positions ThorChain as a leader in innovation, attracting new investments and expanding its ecosystem.
Full Transcription
Yee-haw! Thank you. Hi everyone, Happy New Year.
Trying to get Patriot up here.
TC intern, I don't know if you made me a co-host but i don't see it
and uh chad messaged me he said he might be a little bit late well the co-host popped up
and disappeared there it is Patriot is definitely joining us, you guys.
He's been jacked on our group chats here.
I think he's having a little bit of trouble.
Well, maybe I should do our intro.
I actually have to find it.
Sorry, guys.
I'm so used to Patriot doing it.
okay patreon sounds we'll give you a chance to figure it out i'll go ahead with the intro guys
um everybody welcome thor chain is the first dex that can swap real bitcoin
and now you can use any bitcoin wallet in the world to swap.
You don't have to connect it to a website.
Same with Ethereum, XRP, Binance Smart Chain, Tron, Doge, and more.
Eventually, you'll be able to swap any token from any wallet.
And I should make it clear, you can't use a smart contract wallet.
We've had some issues there on the front end,
people using smart contract
wallets apparently these these are new as of like the last year year or two and um um so you cannot
send or receive from a smart contract address and uh we're trying to work on some we're
brainstorming on ways to make warnings and whatnot trying you know improve the ui on the
interface so um um yeah please don't use a smart contract wallet door chain is turning into a full
layer one liquidity engine where apps can be built on top of it uh this new app layer unlocks
lending perps bitcoin back stable coin the tokencoin, a token launchpad, NFTs, prediction markets, and more.
ThorChain isn't just a DEX. It's becoming a protocol of pure uncensored liquidity.
Swapping on ThorChain is permissionless. There's no KYC. Anyone in the world can use it.
To swap on ThorChain, go to thorchain.org.
New features and functionality be added to the site over the next few months ThorChain's token is called Rune spelled R-U-N-E you don't need to
buy or hold Rune to place a swap on ThorChain but all the fees are deducted from your swap from the
token you send in to sell a deduction from that that to buy Rune and pay the fee.
And that Rune is the yield that goes to the liquidity pools and nodes.
And all this yield on the pools and nodes is real.
There are no block rewards on Torchain.
If you hold Rune on a centralized exchange,
you should withdraw it into self-custody.
These tokens could be used to short sell Rune
and drive the price down on yourself.
And then once in self custody, you can look into bonding your rune to a node and earn some yield.
Help secure the network.
And in turn, you become an agent in your own success, which can help drive up the rune price.
So you can go to the Rune Bond website to check out those looking for bond providers.
You can also reach out to Runetard, R-u-n-e-t-a-r-d
on twitter and he's been acting like a broker for a new note new note the new node operators
helping to get some bond providers to try and you know get their bond total bond size up
and and rune tard also has done a fantastic job of holding new node operators' hands, helping them get set up and run nodes.
So if you think you can run a node, but you're maybe a bit scared or want a little help to do it, reach out to Runtard.
ThorChain has another token called Tcy, ThorChain Yield.
And this token is kind of like a preferred stock.
10% of the protocol revenue goes to these token holders.
And so if you participate in ThorChain lending or savers,
make sure you claim your Tcy tokens
so you can start collecting this yield.
If you didn't, that's okay.
Anyone can buy these Tcy tokens on ThorChain.org.
And then you do have to stake it, though, to collect that yield.
So make sure when you get the tokens,
you go to stake it to start collecting the yield.
There's a ThorChain community Discord and Telegram.
You can join to learn all about ThorChain and make friends.
To find the links, go to at ThorCommunity on Twitter.
So it's at T-H-O-R o r community that account on twitter and um i don't think there's any
node voting going on right now so um you know nothing you know to update people just
but i will quickly introduce myself my name is kenton i'm a node operator bond provider
on door chain i've got a fund that uh uh money, we buy Rune, and we run nodes
on the network. And I've also been running the ThorChain marketing team over the last few months.
And so maybe I'll give you guys a bit of an update on that. Patriot, are you?
Mic check. Mic check. Oh, baby. Okay, go ahead, Kenton.
Right on. He's here. here good can't do without you buddy
um so yeah i'll give you guys a little update on marketing um you know it's been the holidays i was
trying to do little things throughout then uh the most thing you you'll see will be coin gecko and
coin market cap i've been uh i've been very annoying to those teams to get everything updated.
Lots of back and forth.
And CoinGecko, I think, is mostly there.
The last real kind of main thing that's hanging that's left is to get the volumes on the exchange page.
And I feel like we're close.
We just, we have to get,
they want some custom API endpoints on Midgard.
So we're gonna work and get those done.
And then hopefully we get that sorted out on CoinGecko.
CoinMarketCap is being a bit of a,
they're being a bit more difficult with the exchange data
uh they they wanted me to want us to pay 50 grand to update it because basically they claim they
need to do you know specific dev allocate specific because store chain is unique it's not like a
typical evm chain that they're gonna have to you know, dev resources to do it. So that's fucking ridiculous.
I know.
I know.
50 grand to like touch an API endpoint?
Get out of town.
I know.
Oh, God.
But I'm just letting you guys know,
like this is what I'm dealing with.
So obviously we're not going to do that.
I'm going to go back and forth and whatnot.
But yeah, you guys don't really know me but i
don't take no for an answer i just keep i keep plugging away i keep grilling i keep going i keep
asking i i will find a way i'll get this stuff done um so i've been working on the last couple
weeks um website the front end um we've had some i mentioned earlier some issues with with smart
contract wallets being used to do memola swaps so we're we're brainstorming a ways to try and um
you know help prevent or protect people from that and not use it if you guys have any ideas or
suggestions please let me know um limit orders um i've seen some mock-ups for those hopefully they'll be live next week
and um and then around the same time would be um um being able to adjust streaming swaps
um so that's going to be the next next main update to change that comes out there
um and i'll stop there see if uh patriot wants to jump in. How was your, how are your holidays,
buddy? I gotta say, I spent a lot of quality time with my family and I was bored out of my mind.
I am so glad we are back. I am so supercharged. I am ready for 2026, everybody. I hope you guys
are ready. I think touching grass and spending time with your family is so overrated when you're part of such a cool protocol.
And I am so glad you're back.
Shout out to With the Coke down there.
We spent a few hours on a live stream together talking and chatting.
And, you know, we've been doing the weekly updates as well.
We're going to have to be some upgrades there.
I'm learning.
He's learning.
We're going to get better at it.
We are getting better at it. So I am so happy to be some upgrades there. I'm learning. He's learning. We're going to get better at it. We are getting better at it.
So I am so happy to be here, guys.
I've been going crazy.
I've been going stir crazy.
I'm not someone who does well with vacation.
I just like to work.
I'm one of those people who would like just die at your cubicle.
I don't know.
There's something wrong with me.
That's just how I am.
That's just how I'm wired.
And I am so excited.
I'm glad to have you, Kenton.
Chad, I'm so glad you're here.
Are you guys ready for this year?
We have so much to do.
Yeehaw, baby.
I am ready.
What do you say?
What say you, Kenton?
You actually reminded me.
It's another thing.
So we're bringing on with the Coke on a more formal position to help us with video content.
So we're going to start posting these spaces
on the ThorChain community YouTube.
And he's going to start pulling out some clips from them.
So I get it.
Sometimes spaces are two or three hours long.
It's too long for people to listen to.
We're going to try and break them up.
When certain subjects are talked about,
break up those 10, 20, 30 minutes into one clip
and post those so kind of like
basically like what joe rogan does with his podcast so with the coast gonna help us with that
um and then you guys patriot you started doing you guys a weekly uh recap and then i think you guys
also want to do like some um correct me if i'm wrong but i think you're also going to do like
like when new features or specific updates come out you're going to kind of go over them individually and help
explain them so um um we're going to try and improve the our uh video content and uh with
the coast going to help be big help with that and you too patriots so I thank you guys. Yeah, and that's 100% correct.
If there's new primitives or whatever online
and whatever, right?
It could be ThorChain, even Ruggiero
because Ruggiero is going to be on STO.
It's going to have a ThorChain skin on it.
We're going to do anything.
And if you guys want something to explain to you
or if you prefer video content, just let us know.
What do you guys want to see?
We will focus on that.
Because right now, no one's given us any suggestions.
So we're thinking about doing memolists and doing some other things, bonding, rune, blah, blah, blah, blah, basic stuff.
But if you guys want anything done or if you want us to go more in depth on any topic, just let us know.
We will focus on that.
But yes, me with the Coke and myself, we are totally locked and loaded.
We are super excited and ready to go.
A lot of today, I bought a a green screen i got a new light um i'm spending
some money on some stuff guys so i'm trying to make everything better right i don't have a
professional studio so i'm making best of what i got but that's not an excuse we're gonna make our
content awesome and uh we're ready we're gonna be we're gonna kick some serious ass in 2026 man
whoo i am so pumped up i've had some coffee i've had an energy drink and now i've had some dr
pepper i'm freaking out over here i hope you guys are freaking out because the first space
is always so important you've got to really nail it got to get the energy right x tried to rug me
didn't let it happen let's party you guys let's freaking party chad how you
doing man good man enjoyed my uh my time off for the holidays and that's such new year 2026
lots of opportunities lots of lots of things to be working on um i know i started working on some
new new hotness for thor chain uh in the last week or two, and I've got some things coming.
Well, man, that just... Okay, that sounds like some drip. That sounds like some drippy news.
What do you got for us, brother?
So, I took the time... I had a lot more spare time during the holiday season than I typically do in my average week.
So, I took the extra time to start poking around some AI stuff for ThorChain.
So there's two things that I'm actively working on.
One is a custom chat GVT for the ThorChain community
that can be integrated.
It has its own website you can go to and log in
and, you know, ask questions about,
like, block explorer questions or documentation questions
or even questions with a code base,
like, that'll work as well.
But you can do it through there.
Well, I was talking to Kenton earlier
about maybe throwing out kind of like a little, like,
chat kind of bot window on the ThorChain website.
So if you're, like, going to the website and you want to learn more, there's like a chat interface.
You can just like ask any questions you want about ThorChain and it'll do its best to answer them.
And then maybe even integrating it into like our Discord.
So you can like ask questions like, oh, when's the next churn or whatever.
Like any random questions you might want to ask.
It has access to like the full kind of Midgard and Thornode
and like real-time data and, you know, like documentation and everything.
So you could ask more or less any question.
Of course, it's like, it's an LLM.
So there is the opportunity for like, for hallucinations, right?
So I wouldn't be making trades or sending funds anywhere
based upon the responses you get from this thing for obvious reasons.
Always do your own research.
Don't let that be your only source of information.
But that's one thing I've been working on.
I have a pro type working at this moment,
but there's a lot more work to be done, of course.
And the other thing I started working on actually this week
was trying to play around with building a fully autonomous AI developer for the ThorChain code base.
So it's already gone through the code base to find issues or bugs or potentially vulnerabilities or whatever it can find.
And it's found a bunch of things. I don't know how much of these things are actually legit real and what are hallucinations, but they were starting to go
through that process. So it's found a bunch of things that's kind of documented in a way. And
then there's got three PRs that it has open at any given time. So it's constantly, as soon as one PR
gets closed or merged or whatever, a new one is automatically
just created. So it's doing that full process of like discovering issues or discovering,
you know, potential bugs, and then even opening up a co-change to resolve that thing. Of course,
you know, humans have to be involved with like the approval process and validating the issue and
all that kind of stuff. So it's not fully autonomous in that sense.
And nor will it be fully autonomous in that sense for, you know, a long time, to be honest,
years at minimum.
But that's the second thing I wanted to do.
The third thing I wanted to do is to be autonomously, like, monitoring mainnet and looking at,
you know, logs, looking at events, looking at metrics, looking at data,
looking for, you know, weird things that look awry
or, you know, anomalous kind of activity
or something like this and try to flag things
and maybe even open up a pull request to, you know,
fix whatever the thing is that it just happened to discover
on mainnet, which would be really cool.
And the fourth thing I want to get to do at some point is to start reviewing the developer's code,
human code, to be just another set of eyes in addition to the ones we already have, of course.
Not in replace of, but in addition to.
Put all that together and we're kind of engaging more with kind of like the potential of AI on the protocol.
Whether this stuff is how effective this stuff is,
how much value it brings to the code base
or to the community, to the devs, whatever,
is yet to be seen.
We might be a little bit ahead of the curve here
and the models just aren't quite up to snuff in some sense.
But I kind of heard this really interesting thing
from Boris Cherny, who is the guy behind Cloud Code, which is probably arguably the most prevalent AI coding
interface out there today. And he had some really interesting advice he was giving to
him. He was like, when you're building Cloud Code, don't build around what the models can
do today. Build around what the models can do maybe in six months or so. So even if the models aren't that strong right now, just getting like the framework kind of built
and functioning is a kind of a good kind of way of getting ahead of the curve.
And as the models get better, the tools get better, the harnesses get better over time,
over the next, you know, 12 months, let's say, of 2026, will just automatically pull in that
value and just be this AI autonomous developer would be more and more effective and more
and more productive and adding more and more value to us as a community.
Yeah, actually, I did see that.
I shared it, guys, above.
I believe it is the Huguen bot.
Is that correct?
Yeah.
Yes, above. I believe it is the Huguen bot. Is that correct? Yeah. Yes, right.
Huguen, which is one of the characters from Norse mythology.
It has to do with intelligence.
It represents intelligence within Norse mythology, which is why I chose that name.
If you were listening to the recording in the space, you can see a picture of the Huguen bot,
some of the PRs it did, or the GitLab submissions, under the Thorchain comment section.
But yeah, that was really cool.
Actually, I was chatting with a node operator
and he was fascinated by that.
So dude, that's very, very exciting.
Yeah, it's cool as hell.
I mean, I'd be fascinated to see how effective it is.
It's already merged.
One PR has been merged from Huguen.
But that particular PR,
it was more like a false positive
about a bug that didn't actually really exist.
But to be fair, like the bug,
it did exist in some sense,
but it didn't because of some sort of nuance
that's kind of like hard to see,
like if you don't have like, you know,
trained eyes in a sense.
So we ended up just like having it change its PR
to just add a comment to the code
to make it more clear and more obvious, which in itself,
that just makes the code more readable, legible, not just for us,
but for future AI agents in the future
to more deeply understand what the code is doing in that moment.
So it didn't really contribute a lot of like a huge change,
but it did find something that could have been documented
a little bit more cleanly and added that documentation
and carrying on to the next thing so can this thing is it um is it getting better on its own or
does that require input from you to make it better that's a good question um so in the current moment
it requires input from me there's really like two there's two points of way it gets better one is
like the models or the cloud you know um know, tool itself becomes smarter and better over time,
which will naturally happen without, you know, me doing jack shit.
So that's one thing.
The other thing is I could have,
and I've been thinking about doing this where it will monitor its own logs.
And as it sees like errors being printed or whatever in its own logs, it will
generate its own code change to fix itself, which is such a crazy kind of meta. If you think about
it, it's like a funny like meta notion of like, it just, it monitors itself and then fixes itself
and improves itself. And I was even thinking about having it like, you know, go through procedures to
offer suggestions and features that it can kind of prop up in a sense and elevate to somebody like myself.
And then I could say, oh, that's a really good idea.
You know, go ahead.
You know, make that happen.
Right.
Or I can say, you know, that's a dumb idea.
Don't do that.
that's silly, you know, and obviously throw it on the ground.
That's silly.
You know, and obviously throw it on the ground.
So in this current moment, it does autonomously become smarter through Claude,
but I was interested in the idea of having it kind of monitor itself and improve itself.
But this is like early days, right?
This is just starting just now, so it's going to take, you know, a quarter or two to get it, you know, more solid in that sense.
Yeah, I mean, there's a lot of potential right i mean you could have one of these things okay one is you know submitting
things to git lab and then you can have another ai agent that helps node operators diagnose problems
if they've got i mean i right there's a lot of things that would you use the same bot or would
you get use a different name bot or what do you think it's all going to be the same bot or would you use a different name bot? Or what do you think? It's all going to be the same identity.
Technically, it's different.
For example, when it's looking through the code base for bugs or issues or security issues or whatever,
there's actually 14 sub-agents that's being used to do that analysis.
So there's a bunch of different agents being used, even in that one aspect,
one of the four aspects, it's using 14 agents. So like, there's a lot of,
technically there's a lot of like things happening,
but it just uses the same kind of identify identifier of, of Hugen just to,
just so it's, you know,
simple and clean and not confusing as hell for the community.
Yeah. Totally makes sense. Kenton, do you got anything?
I'm just curious,
would there be any value in getting transcripts from these spaces to train the AI on?
You could.
Yeah, you definitely could do that.
I don't know if this, the Huguen probably wouldn't get any value from that.
But the other AI thing I mentioned earlier, the kind of custom GPT for the 4Chain community, that you could.
So right now it's just trained on like the official documentation.
But we could add like the blog posts that we've posted in the past and that.
We could take the transcripts from these store spaces and that into it.
that into it so it gets trained on all that information and data as well because that's
So it gets trained on all that information and data as well.
part of um with the coke uh helping us here is that uh thor chain intern he's actually
volunteered to edit the srt files for us that we have like especially like where's like thor chain
and rune you know like it's all wrong get those all spelled right get everything correct and uh
so we'll do that on on like today's space going forward basically
but i've been wondering if it's worth it to start going through the backlog go through all our old
spaces and get those all done and then if that would be good for training ai on or not um yeah
it's i think it would be in some sense but it wouldn't be in another sense. Like, for example, like the protocol changes over time.
So a space that, you know, you had me or you saying something, you know, six months ago, maybe was true at that moment.
But today it's not so true. Right.
And we also don't want to like, you know, we want to minimize, you know, false information, you know, whenever we can, whether it's hallucinated or whatever.
So that's kind of a hard line to draw in a sense.
Is it better just to kind of like just give it the fire hose of all the things or what?
Or is it better not to?
And that's like – that's an opinion, subjective perspective that you can have or I can have.
And I don't have a clear answer to be be honest, off the top of my head,
but I'm open to thoughts and ideas.
Well, my smooth brain would think AI would at least be smart enough
to read the date of its content.
You'd think, but at the same time, it's like you can ask OpenAI,
Chachabut, how many R's are on Strawberry? And it'll say two, right?
Like, it's so funny how AI is like,
it's so brilliant in some ways
and incredibly stupid in other ways, you know?
And so it's very unpredictable and unreliable
in terms of like its consistency
and its intelligence and its reliability.
I think that's like one of the biggest problems
with LLMs now.
It doesn't matter if it's Anthropic or OpenAI or Gemini or whatever.
They're all kind of like this.
It's an ongoing kind of computational science question of how do we filter out stupid shit
like that or hallucinating things that didn't occur or whatever.
It's an ongoing thing that somebody's going to solve it at some point.
I know there's a lot of money being thrown at AI today
because there's an incredible amount of money being thrown at AI today.
So we're more prone to solve this problem today
than we have ever been in our human history
just because of the capital that's being thrown at it.
But yeah, it's kind of hard.
It's too unreliable to make assumptions like that. Well, it's kind of hard. It's too unreliable to make assumptions like that.
Well, it's kind of, like you said earlier,
don't build for what it is today,
build for what it'll be tomorrow.
Sure, yeah.
Yeah, sure.
That was kind of what I was thinking is,
I wonder if it is good to have
all of as much ThorChain data as we can on our site.
And then that way, like the AIs of tomorrow,
when they go read our site, like everything is there,
all the content and basically like our entire, you know,
Thor chain intellectual capital,
everything that's online that exists is there for AI to read.
Yeah. I'm wondering. You can make that argument too of like that all of this ai whether you know whatever model it is is trained on the basically
all of the internet right and and there's lots of things on the internet that are false or or you
know you know aged information that is no longer true and but it's still trained on that information nonetheless you can make that argument yeah um but yeah something i'm thinking about whether
we should do actually let me ask you guys this maybe sorry to be a bit of a tangent um when we
update the correct the srt files and transcripts i was thinking about doing a blog post of the transcript.
And because a lot of people prefer to read instead of listen.
And so I don't know if some people prefer to actually read the transcript of these spaces.
And then also it's their training for AI.
So I don't know what you guys think on that.
know what you guys think on that should we post these yeah that'd be interesting i think it'd be
Should we post these?
Yeah, that'd be interesting.
interesting even to have if you want to read um you know reading of uh you know chatter back and
forth of like that was two or three hours might be kind of a long read in some sense and and kind
of you know not very well structured of course you could you could just like have the full transcript
out there but then also have like an ai summarization in addition to that like you want to
read just like the summary or like the kind addition to that, like you want to read just
like the summary or like the kind of Cliff Notes version, you
know, you can read the Cliff Notes version, or you can just
read every you know, line for line.
The post could start with the TLDR.
Yeah, you can do a TLDR. Yeah, exactly.
And then below that have the full one.
If you want to dig deeper. In theory, theory honestly it shouldn't take that long to create
that like the hard part is editing the the transcript once that's done it's just kind of
copy and pasting yeah yeah yeah absolutely um i'm gonna interject real quick you guys because
we have something that i'm very very excited about. One of the things that I am always harping on,
I'm so excited,
is increasingly decentralization of the network.
I think about this all the time.
And big shout out to people like Runtar.
And I know there are other node operators too
that do this as well.
And a lot of them wish to remain anonymous.
So I will not say them,
but I will say thank you to you
and you know who you are.
We do have a speaker up here, guys.
We have a brand
spanking new node operator that has joined ThorChain. Defire do you want to check your mic
there my friend how are you doing? Hi guys thank you for the introduction um is my mic working?
You sound absolutely beautiful and I thank you very very much for uh taking this on I ask this all the
time so does Kenton right uh anyone out there who wants to be a node operator please come and join
um so hey I'll give you the floor for a little bit why don't you tell us a little bit about yourself
buddy yeah so um in the crypto space for a long time um owner of a web agency building web applications and stuff but
always interested in crypto in crypto when it really was about decentralization um so early
bitcoin adapter well first litecoin um on bitcoin wisdom and then moved on to Bitcoin and always stayed close into the crypto
space but never actually ran a node before except for the LTO network which wasn't a big success to
be honest more so because of the project and now looking more from moving into being a node operator for Torchain and bringing some more decentralization.
I love to chat about AI. I've been busy with AI non-stop for the past half year and trying to
introduce it into my company. So I have agentic flows running that also monitor websites, applications, do pull requests with bug fixes, go through backlogs and all that.
Several RAC databases.
So just I don't want to be too taggy, but I was wondering, Chad, like what's the orchestrator that you're using?
Like is it Langchain?
Is it Crew AI?
Is it something else?
Orchestrator on which thing?
On the different separate agents
that you're running.
Oh, for the developer
side of things?
Yeah, exactly.
Because you were mentioning
there are 14 running.
Yeah, that's all done through...
That stuff is all done through Cloud. There are some running. Yeah, that stuff is all done through Claude.
There are some like, the code analysis goes through Gemini for a few reasons.
And then the documentation kind of like indexing and reading goes through an open source project
that indexes
PDF files and that kind of thing.
Cool.
So I'm also
invested in some GPUs. I'm also running
the models myself, like Minimax
M21 and DevStraw, MixStraw,
those kind of models.
And a very
interesting conclusion that I found out
is there's this website called stupidity
level or stupidity info.
And these models that you can access through the API, like Gemini and Cloud Code,
they will be more stupid or more smart, depending on the time of day that you give them an assignment.
Probably because the companies are just like throttling
intelligence when there's a lot more
traffic and demand for them.
So you see them varying in
benchmarks on the same subjects.
So that was a big reason for us to
start winning the models
ourselves.
Is it
ai-stupid-level.info. Is that the website?
Yeah, that's the one.
I haven't seen this before.
It's pretty funny to keep an eye on.
And especially if you have a functional test or unit test
with some acceptance tests, and you keep monitoring them during the day or the week,
you will see differences when you are using an external API.
That was a bit of a strange introduction, but hi, guys.
Happy to be here.
No, you're good, man.
I'm curious about the open source models.
Right now, I'm just using these kind of hosted models like Anthropica or whatever.
Because they're readily available and convenient, I'm looking to get this thing going rather than going the long road.
But I was considering the idea of buying physical boxes and setting them up, build little AI, supercluster, whatever you want
to call it. And maybe running like Quen or like Kimmy or, you know, one of these like
kind of open source ones, just because it's like, I'm assuming it would be cheaper to
do that. I haven't done any kind of like cost analysis quite yet, but I presume that would
be the case.
Yeah, so I can give you some info around it.
I've been following the market pretty closely.
And of course, the SSD prices and RAM prices and therefore GPU prices, they are like crazy at the moment. But I think the most affordable option would be waiting on the Mac Studio M5,
if it's for a hobby project, if you're a bit more serious with all kinds of GPU cars,
but the most entry level now, which still would be like Bleeding Edge,
would be like a Blackwell GPU with 96 gigabyte of VRAM.
And that would allow you to run like Mini Max M21 and then like the quantized
6.4 version and about like 30, 30 tokens per second generation,
which is plenty of enough speed if it's like for background work.
Yeah.
And it's not like on demand live answering stuff yeah yeah um
and so that's also my own setup i have mini max m2 one doing the the deeper work or the thinking
work um there is gom 4.7 and deep seek that can help with, but they perform a little bit less in terms of speed and in terms of intelligence and the tasks that I give them.
It doesn't really matter anymore. It's at sonic level anyway, when you compare it to Claude.
Right.
So, yeah.
Claude's hard to beat. They're doing so well over there at a thrombic, you know, the models.
Yeah, for sure.
Models like, you know, Opus 4.5 is pretty impressive.
Agree, agree.
And maybe it's like I'm new to the node operator stuff
and I haven't used microcades before,
but all these tools were such an help
and I've been collecting a pretty extensive collection of markdown files
with all my achievements, checkpoints, failures, while setting up the nodes.
And that's just such a good resource now for my local AI to help me out.
Yeah.
Something is not in sync.
And I'm still not churned in because I was responsible for one of the key generation failures.
So I collected four slash points now, but I'm pretty confident the next one will be a lot better.
There you go. That's good.
Yeah.
Well, that's an interesting segue right there.
So, you know, you are a new node operator.
So, you know, it's fresh in your mind.
What are some things, because there's going to be people listening to this who are training node
operators. From your perspective, coming into this, what are things that maybe we can do better
to make on-ramping node operators a more efficient and easier process?
That's a good question with no poor ways to answer.
Like the hardest part for me was like first the decision as in what hardware to get.
And that's different when you start fresh compared to like when you have something lying around idle.
So that's one. It was pretty hard to find what the exact hardware requirements were, because there are a lot of guides available,
and some were already a little bit outdated.
And to be honest, I have bought multiple NVMe disks after I bought my initial
server just because I kept running out of space.
And I guess there's just multiple sources and ways on how to do it.
Like you can use a Docker or those micro case or different solutions.
And just getting up to speed and understanding the pros and cons and how close or how confident
I will be to be able to manage it was just a lot of research. So I think having all these guides is really,
really a good help and I couldn't have done it without them. But at the same time, they're
not all saying the same stuff. And not all information is up to date so that sometimes gives you a bit of a curveball an example yeah sorry as an example
and i've been talking about this a little bit in the discourse is like do you use the ubuntu
long-term supported version that's a 22 i believe or do you use the 24 version and there are mixed
I believe, or do you use the 24 version?
And there are mixed opinions on what to use.
ALAN SEALES- Always long.
There's rarely an instance where it makes sense to use the short.
JOSEPH BAKERNIKOVSKI- Yeah, so I went with the long.
ALAN SEALES- Yeah.
Yeah, you want stability above everything else.
Stability is most important.
JOSEPH BAKERNIKability is most important. Yeah.
And those would be perfect questions, I guess,
that an AI bot indeed would be able to answer
if it's trained on some good database.
And I don't know if you know OpenWebUI,
but you can easily put in all kind of documentation
and resources in there and force it to answer with
only answers from that documentation as a source indicating where we got this information. And that
prevents like almost all hallucination in answering questions. Yeah. Yeah. Yeah. That's good. Yeah.
I encourage everyone, please, who are listening to this live please follow d fire a
new node operator very very cool if you would please click on his account give him a good
follow this guy's worked very hard for us for those who are listening to the recording his
at handle on x is at d fire that's d e fire underscore movement d fire underscore movements d fire underscore movements um okay very cool uh thank you for
that d fire i i'm curious you know if you could give a summary on you know what what is your
ethos like why are you here um you know what are your views like on privacy permissionless like
what what um what butters your bread about fortune if you will like what
why are you here it's you patriot sounds you butter is bread nobody
no i think the most important thing is like it always um i always was annoyed a little bit that there's just there wasn't a good way for to natively swap bitcoin uh that's that's what got me interested in torch in the first place
um and i'm all for decentralization like i do feel like you should file your taxes and all that
but i also think we should have a choice on where we keep our assets and where we swap it and and
how everything works and i don't like centralization
i want to give people a choice um about their life and their assets
succinct and perfect i love it uh kenton do you have anything for d fire by chance you stole the
question out of my mouth that's what i want to ask him too. Are you a D-Flyer? So how long have you been following Thorchain?
How long have you been a Rune holder?
Tell us about your journey in Thorchain.
So I think, and this is pretty recent,
I would say that I'm closely following Thorchain in just a few years.
So first I had Rune for a longer time, but it was more from coming from a trading
perspective and a trading background.
I would have to look at the charts to pinpoint it.
But yeah, we saw the move from about 80 cents to to seven eight bucks somewhere around there
before that I was positioned but it was more from a trading perspective
than being actually really deep into TorChain but because I want to know what I'm trading
started more diving into TorChain I was alerted by friends and sparring about Torchain
and the future about DeFi.
So it stuck.
Yeah.
So then what happened now?
What changed now that you went from just trading Rune
to now being a node operator?
Like it seems like my now being a node operator like it seems like my mind being
a node operator like you're a bit more committed to the long term and the potential and so yeah yeah
i i don't see uh torching going anywhere um i mean it has a solid track record and i i just don't want to spend resources and time on a project there where i
don't see long longevity um and i think torchane has an amazing community an active community
and with the current price action i think this is the time to build and and prepare and increase
prepare and increase the decentralization of the network
to prepare for the years to come.
So it's more like a good timing that I
can devote my time to it.
Nice.
So I assume you're aware of the events
from January and February with Dorfine Bybit.
Yeah.
That obviously did not uh turn
you off or push you away um i went to the uh to the lunar terra stuff as well um i went to mint pal
for anyone who still knows mint pal uh one of uh the early altcoin exchanges that just disappeared overnight
so i'm kind of used to that kind of stuff in crypto so no it didn't turn turn me off um and i
think that there were the right intentions around torching and behind torching so um
it's a that's positive yeah we we're here to solve a problem right we're here to solve the
biggest problem and it's just been one big long learning journey and i love what you said
for chain definitely is not going anywhere and i hope you guys are excited because i know i am with
rogera we have a lot of rogera it's listening to this um you know the whole defy suite permissionless
no kyc open source um and then you have that redacted element as well where it's going to
be an entirely private area like you're right this is the new standard and it's time to go and
then rogera um the um i said earlier that the 15th is when um the on lending will go away. I need to correct that mildly.
I think the 16th is when the bug,
I don't know if it's bug bounty or what do you call it,
but that ends and then assuming everything is okay,
then the caps will be lifted thereafter.
That might be slightly inaccurate.
I do apologize to the Rogerian listeners
if I got that wrong, but very soon otherwise,
very, very soon.
So I think you're getting in at a perfect perfect
time d fire and uh given the price of rune if there's anyone out there who's listening whether
it's live or recording and if you want to be a node operator there is no better time to acquire
rune and get churned in than right now i highly highly encourage you to do it and we will go above
and beyond to get you on board increasing the
decentralization of fortune is so unbelievably paramount it's so important because the technology
we're building is wildly powerful just think about it i mean like banks everything this this is
everything is better what we're building here and the privacy element too that's what i think
is going to really get eyes probably eyes and people are not going to be thrilled with us but
it is what it is and we have to three world so that's what we're gonna do so dude thank you so
much i'm i'm just so happy oh and then oh additionally i forgot guys i don't know who
they are but i saw another node operator as well um build their node so i don't know who they are
but if you hear that welcome and uh if you want to come on to space please reach out i will uh i'll get you
hooked up so so yeah sorry i was a bit of a tangent there but uh yeah d far um do you got
anything else for us man are you talking you're muted buddy if you're talking
did we lose him We might have lost him. You guys know how X is.
Yeah, sorry.
Yeah, I'm still here.
That mute button, I had to find it.
No, I'm happy to
listen in and sit back.
Thank you for giving me the opportunity to
present myself and talk with you guys
directly. Appreciate it.
I will focus on getting
the notes completely stable
and churned in and looking forward to participate more and if there's any ai stuff uh you want to
spar with or i can help it please let me know i'm available yeah appreciate it thank you man
very very cool oh i'm in such a good mood right now guys this is this is just
makes me so happy um okay chad um do we um do you got anything else um i know we have the what is it
going to be the 15th i think i might be wrong about that when the next update or gets pushed
for thor chain and then maybe i'm wrong about that i'm sorry if I am. Yeah, no, I think, I think the 15th is,
is a date,
but I can't remember off the top of my mind.
Excuse me.
I can't remember top of my head.
What if that was like when we do the cut,
I think it's when we do the cut on the 15th.
Oh yeah.
Yeah.
That's right.
Maybe it's a 20.
It's a next week.
I think it may be.
Yeah.
Yeah.
Yeah.
Yeah.
I think we're going to launch 15 on the 21st. So that's about two weeks away,
less than two weeks. And just a reminder for the audience,
I haven't looked at in a while myself, but there's going to be some fixes to limit swaps.
Yes. And then when those go live, assuming, let's just assume everything's going well let's say
you've nailed it everything is looking great normal behavior healthy um would it be if maybe
a couple months after that when rapid swaps would go live or what would you say on that
well rapid swaps can be turned on anytime technically they can be turned on right now
if we really saw fit but But probably if everything was smooth,
I would like to see maybe like 30 days of smooth activity for limit swaps.
And I would also like to see a decent amount
of volume passing through limit swaps,
typically through arbitrage bots.
The reason why is that it's the limit swaps
that really give rapid swaps the ability to be so rapid.
Without that, you'd have to be reliant on somebody else
coincidentally swapping the opposite direction of your swap.
And they just happen to align in time and space in a way that's convenient.
And while that's totally possible, who knows?
But you could launch it before, I suppose,
especially after the change we're making in 3.15 about its logic.
But yeah, I think for me, I'd like to see like 30 days of limit swaps being, you know, running smoothly
and we have a decent amount of volume passing through.
And then I would feel confidence to flip on rapid swaps and start testing that out.
flip on rapid swaps and start testing that out okay and uh kenton for you um is our is the sto
is it on standby do they have it built out like an interface for limit swaps um and then once it's
you know we determine it's good that that's something people can play because i know people
were requesting that they wanted to an interface that they could try and play with it i think it's
going to be like a part of the current
interface i think they're just going to make it trying to integrate it in the existing one instead
of having a standalone um if there's anything standalone it probably it'd be like a way to
display the order book you know to see what your open orders are um but i haven't i haven't uh i've
only seen mock-ups i haven't actually been able to play with anything or see anything yet.
And then also too, guys, remember as always,
whatever goes live at first doesn't mean it's set in stone, right?
Based on feedback problems or whatever, it all get,
can get tweaked and changed.
Yeah.
Yeah. Sorry. I was going to mention for the next update there something
you guys you didn't mention is solana um oh right yeah yeah supposed to come out on 3 15
and um i'll just read what cal said give me a second here there will be a two-week period
for operators to sign up for rpc providers
and indicate their provider via mimir solana will go live once we have over 90 percent
of nodes indicating their providers with sufficient variety coverage targeting the first week of
february so um yeah sounds like Solana is finally happening.
Yeah, hopefully that'll be done this month
if everything goes to plan.
I think Zcash is next after Solana.
That'd be great.
The other thing in 3.15,
there's a couple more things that are smaller
but still kind of interesting.
One is there's probably going to be a node vote in the coming week or two, whatever it is, to vote on like – I forget what the Mamiers call it off the top of my head but it's it's it's that if the amount of rune in the reserve exceeds this number whatever
the number is then it gets secreted um as block as it's not really block rewards per se i'm not
sure that's an accurate way of describing it but but it's it's the reserve makes a little bit of
money here and there um so that the amount of rune in the reserve is just like constantly going up
and that's just kind of like basically it's kind of conceptually similar to a burn sort of so that the amount of room in the reserve is just like constantly going up.
And that's just kind of like basically,
it's kind of conceptually similar to a burn sort of.
But I think the intention is to change it so that like if the reserve makes a little money,
the money just comes right back into the system income
so that it should kind of bump the income
that nodes and LPs are making by about 5%.
That's one thing that's happening in the next couple weeks after 315 comes out.
And then the other thing was we're going to start experimenting,
not experimenting,
but monitoring more closely about like how much over-softancy there is.
Like, you know, we probably have a little bit too much Bitcoin,
a little bit too much Ethereum, a little bit too much Ethereum, a little bit too much this, a little bit too much that,
that we've kind of collected over the years through bugs, through, you know, people doing
weird transactions that just kind of got, you know, got locked up in the middle of nowhere,
so to speak. And so that will be kind of secreted back into, I think it goes to system income from
my memory, but maybe hopefully I'm not wrong about that.
It's been a while since I've looked at that code.
So that will be kind of also secreted back into
as system income for the nodes as well
to kind of help boost the yield a little bit.
So there's a little bit each block.
It's not going to be like a big rush of a bunch of money,
you know, in block one, whatever.
But it'll just start to kind of like, you know,
eat away at the
over solvency of the protocol and just kind of add that to the system income just to boost
boost profits for people when we say system income does that mean it goes to like the five
percent dev fund five percent marketing um like everyone okay yeah so system income historically
system is referred to two things.
One is like the income that's made predominantly from swaps, you know, and also the block rewards.
We turned block rewards off, you know, a year ago, whatever the hell the number was.
So that's no longer part of the system income.
So right now system income is entirely just through profits from, you know, swaps and whatnot.
There may be a couple other sources of income,
but they're like very small and non-significant.
And then we take that and we take 5% goes to marketing
and 5% goes to dev fund and this goes,
and then the rest goes to the, you know,
nodes and LPs and all that kind of stuff.
Yes. And then the Tcy. Yes, absolutely.
And the Tcy, of course.
Yep. And someone asked me, I can't remember who it was.
This was a question a while ago.
You know, the treasury is finite, of course.
And they were wondering your thoughts.
We probably talked about this earlier, but, you know, it's been a few weeks.
About having a mechanism in 4Chain where nodes can toggle it,
where you can have a percentage of the total system income go to POL
that could be directed towards one pool or the other.
Has there been any thought about that for a while or anything like that?
Because you know how Treasury seeds to pools to start.
Yeah.
Yeah.
Yeah, I mean, we haven't had that much conversation on this topic
of kind of having another kind of percent or something
that nodes can vote to redirect some of the system income
to the POL or even the treasury.
We might have that conversation with the community at some point.
There's no push or drive for that in this particular moment, but anything can happen
more or less.
But right now, I don't think there's much of a need for it.
I think the Treasury is pretty healthy right now, if I'm not mistaken.
I don't really pay that close attention to the Treasury, to be honest with you.
I'm more technical than financial necessarily.
But from my understanding, from what I can recall,
last time I spoke to somebody about it, it seemed like it was in a pretty healthy state. So we don't
really need the money right now. But who knows? That might change in the future.
Gotcha. Okay. Kenton, did you have anything?
Yeah, maybe just I was thinking about when boone brought up burning you know the reserve or most of
it and um at first i was like no we shouldn't we should hold on to it just in case blah blah blah
and then i'm like i started i you know i always like whenever i say something like after the fact
i'll just i'll daydream and reflect and think about what I said about certain things.
And then I'm like, I think I actually answered.
I don't like my answer to that. Actually.
I think I'm actually, I actually,
I think I do like the idea of burning the reserve or a big chunk of it and
just, you know, getting the token supply number down.
And it doesn't mean we can't reverse it you know that we can't turn around and go back add new tokens back to the
reserve or do whatever like you know the more i think about door chain like a business like like
a stock um you know companies issue new shares all the time. They're always changing their capital structure.
They'll take all more dilution if they think it's beneficial for the long-term value of the company.
And I see no reason why ThorChain can't operate the same way.
We'll keep the token supply low,
and then if we need new tokens, we create them.
But in the meantime, we just keep the numbers low and just you know make it look cleaner um because i've already
actually yesterday i was talking to a financial advisor about um you know his clients are interested
in crypto and and you know he wants to tell him about Thor chain,
pitching him on it and blah,
blah,
blah.
And he's got a big book.
Like it's a decent prospect as far as like introducing,
you know,
capital to Thor chain.
And that was one of his questions was like the token supply.
Right.
And then I had to explain,
well,
the 500 million,
that's actually in the mirror setting.
And then we have the reserve, but there's no block rewards. So that's actually in the mirror setting and then we have the reserve
but there's no block rewards so that's not really dilution and it's like i have to explain so much
it just be so much easier if i could just say no that the total supply is at uh 350 million
right now whatever you know it's the same as you know what i mean it just saves so much like explaining and um um so yeah i think i
kind of did a 180 i think i kind of agree with with everyone about burning the reserve if we
don't need it right now and then just add it when we do yeah the problem is adding when we do is
it's easier to burn than it is to mint. Getting the community around burning the rune
is probably an easier task.
I think convincing them to mint back the 74 million
or whatever the number is we want to mint back
whenever we want to mint it back.
It's a difficult task to convince the nodes and whatnot to do.
To me, I don't see a strong difference
between one or the other burning or not burning.
The amount of space between those two points is quite small, in my opinion.
So I don't really have a strong opinion in either direction.
I think the question that comes to me is two parts.
One, is it worth the engineering time to actually take the action and burn it all,
which would require a code change or two.
And the second question is, well, if we do want to use that reserve for something in the future,
whatever that might be, are we going to have a harder time achieving that goal when it's burnt versus when it's not burnt?
How much easier or harder is it to convince the community to, you know,
use 10 million rune for this purpose, whatever this thing is, you know,
if the rune's already burnt and how do we have to mint it back?
I just see that as more difficult to achieve whatever that is.
And if we actually do want to use 10 million rune hypothetically to do something,
that's probably going to be important, you know, and I'd like to make that as easy as we can to, you know,
have the result we want.
Do you think it being difficult might be a good thing?
Because it forces the idea of what we want to use it for,
like it's got to be a really good idea where we do have consensus?
Yeah, you can make that argument.
That's a fair argument to make.
Sure.
Yeah.
I mean, the thing about Bitcoin, like, it's very hard to change anything in Bitcoin, right?
Like, if you wanted to increase the 21 million cap on Bitcoin to, you know, 25 hypothetically,
right, it's like it would be nearly impossible to do, right?
And you can argue, like, it would be nearly impossible to do, right? And you can argue, like, it should be nearly impossible to do.
Like, that difficulty is a feature, not a bug.
You know, you can make that argument, you know?
But I don't know.
It's so hard to speak in hypotheticals because we don't, if we did want to use,
you know, 10 million ruin or whatever the quantity might be for some purpose,
like, I don't know what that purpose is,
and I don't know how critically important it is that we have it.
So it's kind of hard to answer those questions.
Would if, let's stick with your hypothetical,
if we want to use 10 million rune for something,
wouldn't that still require a code change?
If we're going to pull it out of the reserve,
it wouldn't be just difficult?
Right. like a code change like if we're going to pull it out of the reserve like it wouldn't be just yes right it well the code change to to burn the the rune is is separate from the code change to take 10 million out and do something with it like throw it at the pol for example or whatever it is
right those two just those are two separate coaching so in this in that scenario where you
spent a code change to burn it all and then you do another code change
at some point
in the future to mint 10 million
back.
But to be fair,
I don't want to sound like I'm dramatizing.
Both of these code changes
aren't complicated ones.
It's not hard in terms of
the code.
It would only take you less than an hour to code it out.
What takes the time is just like getting the reviews and back and forth.
And it would just take, you know, months for it to actually happen.
Yeah.
And what I meant was if we have the reserve existing right now, 70-some million rune,
if we wanted to pull 10 million out of that that itself would require a
code change right that would still correct yeah right okay yeah that would require code change
and that would require like um i probably wouldn't even do it as i i'd probably do it as a two-parter
like if if i actually wanted to do something like this like there would be a code change to be able
to extract out some amount of room
to some address or whatever it is.
And then there would have to be, in addition to that, a vote so that nodes can vote specifically
on this idea versus voting on the code change itself, which is like version 3.20 or whatever
which is like version 3.20 or whatever the future version is.
the future version is.
I generally try to avoid nodes, you know,
rejecting a version of the code
because they don't like, you know,
minting 10 million rune or whatever.
I like to keep that as a separate thing
that you can accept the code of having the ability
to take out, you know, 10 million rune
and have a separate vote to, you separate vote to actually take out the 10 million
or whatever. I agree. It would be like an ADR vote or something like this. I agree. The update
should be self-evident that everybody wants to implement. It shouldn't be like, if you don't
want to do this update, you've got to stop being in Node, right?
That's not fair.
Yeah.
I'm curious because one of the things back in the day,
we were much hardened.
I remember like 2022, 2023,
we looked at the reserve as a means to help us
in case that we had a terrible emergency or a bug.
And I guess that is still the case.
But I'm curious curious let's just say
hypothetically something crazy were to happen and for whatever reason we need to pull out some
millions of rune out of the reserve uh to buffer something or whatever i don't care um and let's
say like there's uniformity on the on the community everyone says okay this x happened we gotta do y
you know we have an emergency space
we come up here everyone's like yep let's get it done so you know if we how fast like if we were
just in like efficiency mode emergency mode one hour to code it and how fast you think we could
fast track because you could the community can really fast like when alex alex from my protocol
did uh prop prop six tcy it was amazing how quick the nodes rallied behind that
once we figured it out so uh in that circumstance what would you say chad what would be our response
time if you had to speculate i know that's hard to do but so there's like there's two aspects to
to like answer your question one is the question of like deciding and voting as a community of what we're going to do or not do, right?
And like Prop 6 that, you know, the Maya team had helped to kind of put together,
like deciding on, you know, Prop 6 versus Prop 3 or whatever,
that was a fairly easy and fast thing because it didn't even require a code change at that time.
It just required people to just vote, you just vote on ADR22 or whatever the
hell the number was for that particular thing. So that can be done really quick, like within
48 hours, hypothetically. The code change is a little bit different because it takes time to make
whatever the code change is, take time to review that code, and then to get into the next release,
which the next release happens, generally speaking, know once a month or so um we have agreements with you know
centralized exchanges that we don't that we give them i think it's like i can't remember it's one
week or two weeks uh a heads up of a change before the change is adopted so it gives them an ability
or time to review the code changes
if they want to and see if it's going to be breaking
their infrastructure in any way, shape or form
for them to be centralized exchange that's trading on Rune.
So like if we even make the cut, we made the code change,
we got it merged, okay, we finally made the cut for version 3.
whatever, whatever. and then we have to
wait for a week a week or two for there to just abide by the agreement we have with centralized
exchanges so that until it's actually released or released and then it gets adopted by the community
so if we want if we had like barring some emergency situation where we can you know bypass that week
or two week thing
if there's something like crazy happening, like the entire network is paused or something
like this.
Again, which did happen a couple months ago once the bug and limit swaps where the network
kind of crashed, we were no longer producing blocks, we released an emergency patch and
it worked out within I don't know how many hours it was, but it wasn't that many.
Except for the scenarios like that, we have to wait, you know, weeks for these things to be adopted.
So the idea of getting something agreed upon, that can be done fairly quickly.
Getting the actual change alive and running, that can take, you know, typically a month at minimum.
Yeah, I guess that's one thing that i'm
just ignorant on because i'm not a developer is i mean that if the network has stopped there's
not producing blocks i mean that you gotta get blocks going right but it's hard for me to parse
in my mind the difference between pushing a patch real quick to fix something and then
and then the difference of um having to wait that agreed amount of time for seconds.
But if there's no blocks being produced, obviously the chains, you got to fix that, right?
There's nothing really to be said there.
So I guess that makes sense.
Yeah.
Yeah.
And that scenario, nothing can be said.
You have to get it out quick, you know, for obvious reasons.
And there's no choice there, you know.
You know, but even like, what's funny is like, like the average developer and even developers who are listening to me right now will probably have a knee-jerk reaction and say there's no way that's true.
But the average developer like really codes about like 40 lines a day on average.
And that sounds, to be honest, that's not a lot of lines.
To be honest, it's not a lot of lines.
But if you include the process it takes to not just write the 40 lines, but to test it, to write tests for those 40 lines, to go through a review process, like you write the code on Monday.
You write tests, you know, maybe Monday as well, maybe a little bit on Tuesday.
You put a PR open.
Somebody gets to it on a Wednesday or or thursday to do a review they have
comments you go back on friday to make some code changes and then they come monday again and you
have more you know like it takes if you average it out like the average pr is like probably like
300 lines on average just globally with with encoding in general just a general rough number
um and if you average it all out,
it averages out to be like 40 lines a day,
which is not that much.
So sometimes these things could take a lot.
Even the intense feature,
that PR is like 15,000 lines of code.
It's not a small code change at all.
And I've been working on it for, I don't know how long now, like a month or two, I guess.
Probably two months, I guess, just to get that.
And that's obviously a super massive QR.
15,000 lines is crazy big.
Most of that comes from unit tests and regression tests to validate its correctness and its behaviors as much as possible,
which is why there's so much testing around that particular feature.
But this stuff takes time, worse than you think,
especially on a project like ThorChain that's been around for so long.
It's a very mature code base, a very complicated and very mature code base.
It's not like a brand new project where you can iterate quickly
and move fast and break things.
You can't do that anymore.
Not with this code base.
You have to be move,
move slower than,
than,
than I would like to move,
you know?
Yeah,
I do.
And go ahead.
In a chapter page yet,
but if you guys didn't,
maybe you missed Chad's flex,
I'm going to say it cause he didn't,
but 15,000 lines of code would take the average dev a year to write.
And Chad's done it in a couple of months.
So there you go, man.
Well, I didn't mean to.
I know you didn't.
I didn't mean it was like I got some kind of a flex or whatever.
No, no, no.
We all know you're awesome.
So that's great.
Yeah, that's awesome.
Well, I think this gives credence to your desire to add AI tooling
to help find issues in the code base because of the complexity
and then pair the AI tooling with developer time.
It should hopefully increase the average 40 lines of whatever it is per day.
Yeah, yeah.
To be fair, the Intense feature has not fully been reviewed yet, right?
So it's not that 40 lines, we're only like halfway through the process.
So technically, you said a year, whatever the number was you said,
but it's only been two months, but it's probably going to be more like four, right?
After the devs review and then make some iterations and changes
and take into account their, you know, feedback.
And, you know, it takes a long time.
A lot of hours, a lot of time.
Oh, sorry to interrupt.
Are you going to use a Huguen bot
to test these new primitives as well?
Like the Intense feature, can you use it?
And because it looks at the current code base,
could you use it to war game it or whatever
against new code like that?
In some sense, yeah like hugan is is predominantly
powered by by claude and claude helped me write some of this a lot of this code actually especially
around the um uh tests and stuff like the reason why it's 15 000 lives is because claude can help
me generate a lot more unit tests a a lot more edge cases, you know,
for both unit tests, regression tests.
I haven't even added any simulation tests.
I'm not even sure if it's needed in this particular case,
but something I want to talk to Ursa about.
But that's one of the great things
about this kind of AI kind of world
is that you kind of almost code at the speed of thought,
which is kind of crazy to say.
It's a crazy notion, but you code code at the speed of thought, which is kind of crazy to say. It's a crazy notion,
but you code almost at the speed of thought,
and you can generate a lot more deeper
and more thorough testing because of that.
Because most humans, when we write unit tests,
most devs are pretty lazy about it, right?
They test A and B, but they're like,
ah, forget about C and D, right?
Like, it's just a common thing that devs in general do. It's, you know, a trap we kind of all fall in,
you know, to varying degrees at varying times of our lives. But the AI stuff, like, helps us to
generate a shit ton of code, testing code especially, to validate that all the behavior is, you know,
especially to validate that all the behavior is, you know,
what we think the behavior should be.
It's quite impressive.
The negative is with this kind of AI coding is that, like,
it can make really stupid mistakes, you know,
things that don't make a lick of sense that no human developer
would ever have made that particular mistake.
And so the way that you have to handle this stuff
is that you have to put the human and the AI together and you kind of catch each other's stupidity in one form or another.
And the result is a better result when you have the human and the AI collaboratively working together.
And so that's where we're heading.
So that's where we're heading.
But to be fair, in the long term, you know, as the AI gets smarter and smarter and humanity doesn't really get smarter and smarter, it's more so static relative to AI at least.
There will come a time and a day when the AI is actually literally a smarter developer than I am. I actually saw a poll this past week of this guy asked his community
who are involved with AI development.
And he said, like,
do you think that Cloud Opus 4.5
is a better developer than you are as a human?
And 61% of them said yes.
61% of people who replied to that
actually thought that Claude Opus
was actually a better developer than they are,
which is kind of a crazy idea.
I mean, I would have never guessed that,
you know, 12 months ago,
if that would be this,
people would respond in that kind of way.
Really, like Claude's actually really bright
in a lot of ways,
but it's really dumb in a lot of ways.
So I wouldn't say it's anywhere close
to as smart of a developer
as myself is or even any of the other developers on our team.
But that will change over time for sure.
And there will come a day when this AI is quintessentially
not only a better developer than me,
but a better developer than the collective
of our entire development team combined.
You know, like that will happen one day.
I don't know if that's going to, it's probably at minimum 2030, if not 2035.
It's going to take a while to get there, but we'll get there eventually.
Opinion on AI node operators, how feasible, or not feasible,
you know, it's definitely feasible in the future,
but do you think we're close to those days or getting there,
would you say?
AI node operators.
I think we're, I mean, so I think it's not as,
that's actually fairly easy to do, relatively speaking, because you're not really managing code in the traditional sense.
I mean, technically, you're managing Kubernetes code.
But to have Claude autonomously just monitor your Kubernetes cluster
and look for, you know, daemons that are like offline
or, you know, or some problem with CPU spikes,
I don't know, whatever it is, you know,
monitoring X, Y, or Z and then restarting pods or whatever.
That's feasible to do.
And we already have some mechanisms that are in place
that kind of already do that, right?
Like Kubernetes itself will monitor pods
and see when pods are unresponsive
to like health checks and whatnot.
And then like if they're, you know,
they're kind of like freezing up or whatever,
Kubernetes itself will autonomously just like
kick that pod and like restart it, so to speak.
They actually delete the pod, technically speaking,
but for our conversation, we'll call it restart
because it's more accurate to what people think about the word. You can get there. I would say it has just less value,
to be honest with you. The Kubernetes cluster kind of manages and runs itself pretty well on
its own. And you always be weary about AI like Cloud or whatever touching a production network
without humans involved. Because I think as much as it can help,
it can be just as powerful in the negative kind of sense as well
and start deleting your Thor note entirely
and just kicking the can and just destroying the whole thing.
That's unlikely to happen, but totally possible.
So you have to kind of weigh the pros and
the cons you know having an ai developer that like a autonomous developer is you know there's not
really much risk to that because you know humans are involved like it doesn't merge code without
any humans involved like that would be that would be quite irresponsible to do um but you know it can't destroy mainnet you know in that sense well
since it's not practical for it too so i you could do it for running run nodes but i'm not sure how
valuable that would actually be to be honest okay yeah interesting conversation for me it's it's
really fascinating when i think about it right um because i sometimes wonder if humans are the ultimate liability but then maybe not right um i'm not sure they are the like i agree that they
are the ultimate liability because you can never remove ignorance or complacency or corruption
from humanity right like that those attributes will be present in us as a species for all of time in the past
in the future that's always going to be true the ai on the other hand is an evolving system that
evolves a lot faster you know than everything else so its ability to become smarter to know
not to delete your kubernetes cluster and just destroy the entire thing. Like it's something that would do now,
but maybe when it gets to a certain level,
like that stuff that goes kind of risks go away, you know,
and that's likely to happen. I would even say over the next few years.
Pretty cool. Pretty cool. Just a reminder to everyone listening,
please share the space. This is really great stuff.
And if anyone wants to come here and ask questions,
you are more than welcome to do so.
These are community spaces.
You know, we have Chad Bareford up here,
one of the core devs of ThorChain,
for those who don't know.
And he, we will answer any question that you have.
It's always an open stage.
We believe in full transparency.
We are building this in real time
and we're building it together.
Kenton, I was wondering if you had anything else at, else at all. Um, it's been a really good space so far. Um,
no, I haven't really got any questions from the community. So I think that means we're,
we're doing okay when it comes to, uh, communicating. No, I'm good, man. I mean,
if it's a short one, that's good. i got nothing to add yeah um i think you know
things are going to get really spicy and interesting when the new updates get pushed right
um when rogera raises the caps on lending um that's literally like we're almost a little bit
over a week away well for okay it's the 15th is when the cutoff and then the next week. So two weeks, I should say.
Excuse me.
But, yeah.
I really don't really have much else, Chad.
Did you have anything else for us at all that you want to get off your chest or anything else you've been thinking about?
Trying to think of something I've missed.
No, I don't think so.
I think my focus right now is getting the intense feature kind of merge,
which is going to take weeks, if not a month or two,
to do work around this AI stuff we've already been talking about.
I'm going to keep on pushing on that over the next few weeks
and see how much value we can extract from that.
If any, we'll see how the experiment goes.
And I'm looking forward to launching that kind of like AI chat chat BOT
for the ThorChain community that's specifically trained on our information
and has access to live information from mainnet.
So it's a block explorer, it's a code explorer,
and it's documentation all in a chat interface
for us to interact with through the website
or through Discord or whatever.
I think that'll be a really useful tool for the community.
100%.
I think the synergy too, like you were saying with STO and Kenton, I think that's really great. It's just super helpful to have just some,
something there to help people who have questions or navigate anything. Uh, super,
super cool. I totally agree. Very excited for that. Um, okay guys, I'm going to give one last
shout out to the audience. Um, and if we got nothing, we'll just go ahead and wrap it. We'll
stop about hour and a half. That's a pretty reasonable length for a space. Sometimes we go two, three, four hours,
but if no one's got any questions, great. Awesome. But yeah. Hey, Chad, thank you so much for giving
us your time. And real quick, like, how are you feeling, man? Are you feeling pumped up for this
next year? I know I am. Like uh what's your motivation what how are you
doing personally uh i mean i'm excited about 2026 in general like we've got some you know big things
coming down with like intense and and like opt-in security and and limit swaps and rapid swaps and
these kind of things over like the next few months obviously got some new chains coming solana zcash
you know more kind of uh downstream just like in the next, like, the first, like, quarter of ThorChain, a quarter or two,
is going to be pretty heavy and, like, some major things. And then I think after that,
there's going to be more of a push to kind of focus on, you know, cleaning up the code base
and, like, kind of working on, you know, stability and, you know, cleaning up the loose base and working on stability and cleaning up some loose ends.
We've been meaning to clean up for a long time and that kind of stuff.
Getting things neat and tidy and smoother operation.
I think that's something I've been wanting to do for a long time,
but those things have less value than adding like major features that do provide,
you know, strong amount of value for the protocol.
So I'm kind of excited to get around something I've been meaning to do for a super long time.
And if the AI kind of world grows over the next 12 months, which I think that's pretty
obvious that it will, we're going to be set to, you know, well positioned to utilize those new tools to benefit the protocol, you know, and keep things even have things like real time AI developers that are constantly just reviewing everything.
And as things are happening more or less, so even when there's a production outage of some kind, before I even looked at the situation,
I already got like a detailed explanation
of what's going on from the AI,
which would be so useful.
Because we can fix problems a lot faster.
I don't have to spend two hours myself
running through the code trying to figure out
how and what happened and how to fix it.
And the AI can get that done theoretically faster than I can even
be aware of the problem being exists. You know, that's pretty amazing. Yeah, it's pretty badass.
I totally agree. We did have a couple people come up, ask questions. I don't know which one
requested first. It was pretty simultaneous for my thing. So I'm going to start with
r.no if you want to check your mic. How you doing? Hey, hey, check, check. How are you guys?
Happy New Year. Happy New Year.
Happy New Year. You sound great. Go ahead.
Awesome. I have a thought that I had back in 2021 and I kind of floated it.
But back then the thoughts were like the focus was on synth assets and like the saver stuff.
But I'm going to bring it up and see what you guys think now um
i was thinking about one way to expand the user base of thor chain um and earlier like few weeks
ago i remember you guys were talking about having a website to where people can go and specifically
use thor chain to me that kind of sounds like you know a little bit of a vanity project i mean it's
cool and all but i think kind of like if you think of coca-cola i'll go to 7-eleven to buy coca-cola i don't need to go to the coca-cola
store right so with thorchan i was thinking what are you guys thoughts about the developers
developing a plugin that allows website you know hosts let's say i have a website where i want to
sell something and i want to sell it for, let's say, Bitcoin. But then
somebody wants to buy that same thing, but they want to pay in Doge. Like, what do you guys think
about ThorChain developers developing a plugin that website hosts can use to throw into their
market? And this way, people end up using ThorChain kind of under the radar to settle their crypto transactions
and thus increasing kind of the volume, the user base, all that stuff.
Do you guys have any thoughts on this idea?
Yeah, I recall this.
Do you want to go first, Kenneth?
No, you go ahead.
Yeah, that was a while back.
Yeah, it was a while back. Yeah, it was a while back.
I do recall this.
I think the problem we had with it back then was that if you want to buy, you know, I don't know, a ream of paper for $12.32, right, in this hypothetical.
and 32 cents, right?
Or something in this hypothetical.
You were paying Doge,
but they want to receive it in USDC
because the retailer doesn't give a shit about Doge.
The problem is that, like,
how much Doge do you send, right?
Because you can send $12 and 32 cents,
but you also, you know,
take into account gas
and, you know, price movements
and slippage and, you know,
what have you. And this gets really difficult to be precise. So one way you could do that is instead of sending $12.32, you send over $18.
You overshoot it on purpose. And then the protocol could split the result and say like, okay, we're going to get
$12.30 worth of USDC plus gas up on fees, blah, blah, blah. And then we're going to refund you
the $6 remaining or $5 remaining or whatever the value would be. Yeah, I'm open to it.
would be um yeah i mean i'm open to it um the question is like like getting it out there would
be i think would be difficult like like building a who do we who do we talk to who do we sell this
to like what retailer or company or would it be shopify i don't know maybe shopify is the answer
to this question you know do we have the connections and relationships required to foster these kind of things?
I'm open to the idea of it more so today than I was back in 2021,
but there are complications to be considered of.
I actually appreciate that. I think that who do we offer this product to i think that would that should be available
as in like hey if you're interested in you know settling with crypto payments hey this is one way
to use it and just available it's not like you have to push it to people to use it i would have
it available for like small-time people like let's say me i'm like a musician i want to sell t-shirts or you know whatever um when it comes to
yeah the specifics are kind of tricky you would have to probably like you said send a little bit
extra and get a refund but i gotta say like in the middle of a bull cycle let's say or not even
but like a lot of people who have tons of doge or tons of whatever currency, I think they would gladly overpay a bit and get a little refund, but be able to spend their crypto KYC, you know, without KYC-ing it and stuff like that.
I think there's benefit there.
But again, this is just an opinion of someone who's not even a developer.
I'm just kind of like a fan and I've been, you know, in the ThorChain verse for like,ain verse for five years now and stuff.
And I do want to see it prosper.
My goal is not to necessarily push this idea,
more so to just run some more ideas
so when you guys are developing this ecosystem,
it's more rounded.
There's a little bit of everything for everybody.
Again, it's not a perfect solution, but I think it's something to explore. And it's more so just like brainstorming, that's all.
Yeah, I wonder if you could do do like quotes, right? Like kind of like when you,
I don't know if you guys ever have used
like an OTC dealer before or not,
but like you go to an OTC dealer
and you say, hey, I want to sell some Bitcoin.
You know, I've got, you know, 10 Bitcoin or whatever.
And they give you like a price quote.
You want 10 Bitcoin to USDC, let's say.
And they give you some sort of price quote.
We'll give you, here's our quote.
We'll give you X amount of USDC or whatever.
And then you agree to that,
and that's locked in for some period of time
before it expires.
So as long as you get the BDC to them
within that time period,
they'll kind of like honor what the quote was.
So maybe we could theoretically do something like that where we have some sort of quote that is kind of locked in for some period of time.
And, you know, maybe that's the way to do it.
Or it could be a combination.
You can have the locked in quote for like let's say x amount of seconds um but you
could also have a little bit like hey this is the quote but you know the actual total could differ
some and then that's where you would issue the refund or whatever you overshoot some you settle
the transaction return whatever is left i think a lot of people would be okay with that but again yeah yeah yeah yeah like i said i'm open to it it's it's
yeah i like the idea back in 2021 it was just kind of like i didn't i didn't see the way forward on
on that without causing like more kind of craziness like i i like to avoid the whole refund notion
because it just feels like yeah it just complicates like oh i'm buying
something for 12 bucks but i'm sending them 25 bucks and or whatever the numbers might be
and it's just very counterintuitive and confusing to the to the user there's like too much cognitive
overhead and some even if you even if it all worked just sparkly fine like everything just
worked great it's just it's just weird to the user like why am i sending you 20 dollars what
i'm buying is $12.
And so, like, if we could get around that and just keep it kind of keep it simple and clean, you know, in some way or form, then I'd be more open to it.
And, you know, and like at that point, that's like, yeah, I don't know.
I'd be open to it.
I just have to, I haven't thought that much about it since, you know you know 2021 maybe i'll start pondering on it now that you brought it up i appreciate the the the air time thank you for hearing me out and i i would think more about that i know there was
another person who came up to speak so i don't want to overshadow that well thank you go ahead
some comments on your question too arno um so like, have you heard of Mocha app?
Like, so basically, actually what you described
is a point of sale.
And so like Mocha is working on that.
And I think BioLabs might be as well.
So like, that's literally what Mocha wants to do.
And they're using ThorChain in the background
to like power it
basically um so like those platforms you could talk to you can integrate mocha and boom done
it's using thor chain um as far as thor chain specifically something we're kind of doing that we want to do that might be like a halfway solution to your idea is we want to create a widget for the front end that any website can integrate.
Right. So if they want to turn their website into an exchange, even say CoinGecko, right? We can maybe we can get them to put our web, our widget on their website and people can, you know, place their trades on that site, just like they're placing trades through through swap.thorchain.
That we want to we want to get we want to develop and get going.
And so that might be, you know, if you if you've got an e-commerce site, you can make listen.
you know, if you've got an e-commerce site,
you can make, listen, hey, I accept, you know, stable coins,
you know, use this widget to sell your crypto for stable coins
and then send me the stable coins.
I know there's a lot of steps there. I get it.
But I'm just saying that might be a partway solution to your problem.
Kenton, that sounds like a 95% already there solution.
Like instead of exchanging crypto for crypto, it'd be just crypto for goods or services.
So sounds like, and what you said about Mocha, I mean, if they're taking care of that, maybe
sounds like they're already on top of it and that does incorporate ThorChain.
So it's like a win-win, which would be great.
Yeah.
And if there's going to be, if I was going to be like a debbie downer
i think the the bigger hang up with businesses accepting crypto is that they still want to
settle in fiat you know they might even if the business is pro crypto and they're maybe they're
you know they invest personally you know a lot of businesses still in the you know they pay their
bills in fiat right and they you And they want to collect fiat.
And so my understanding with point of sales is you got to be able to convert the crypto into fiat somehow.
Just converting crypto into stable coins might not be enough.
You have to get from stable coins to fiat.
I could be wrong, but I think that might be the biggest hang up with these point of sales is figuring that piece out.
I think that's mostly because of regulatory problems. I think that if the Fed became more
crypto friendly, ultimately, these issues could become less of a big deal. But currently, I think
you're dead on. They just are afraid to use crypto to settle because
of possible problems with the irs and the government in general so but i think that maybe
this infrastructure being built today so it could be useful in five years when the environment is
more crypto friendly could be a good call but it could be also building for something that never happens. So there is risk indeed.
Yeah.
I totally agree.
The hang up is regulatory, not technical.
And I'm of the opinion that we're all going to be using stable coins like 10 years from now.
Every transaction we do will be a stable coin, whether we know it or not.
So maybe that'll be good enough
if the merchant can accept payment in stable coins the on and off ramps for stable coins
fiat are going to be become like ubiquitous basically and um and maybe that solves their
own problem so yeah you're right about building for the future and uh thank you guys yeah just
so you know mocha is in the the audience or the red circle there. So
you can give them a follow and, and learn about them. Really, really great team. I've known that.
I met them personally, absolutely wonderful team. And BioLabs is really cool too. And, uh,
actually there's a lot of people who show interest in Mocha are actually some of like
the most, um, economically unstable areas, right? they where their fiat currency sucks ass
and they just want a mechanism of which they can use and mocha is getting a lot of attention
in those countries where they're having those problems because again blockchain is the settlement
layer because the fiat is so terrible so pretty cool protocol definitely check them out um we
have another speaker up here, Ray Montreal. How you
doing? I'm good. Thank you. How are you? Awesome. What do you got for us, brother?
Well, thanks for passing the conch to me. So my question has to do with the quote that will be
shown. So I heard a lot of great things about rapid swaps and limit swaps. My experience when doing a swap has been that other alternatives have been shown by the aggregators on their websites.
So other options show up first.
So my question is, when we integrate these new solutions, the rapid swaps and the limit swaps and whatever else that's coming down the pipe,
will there be something that gives the accurate quote and hopefully brings us up above the competition on the list?
on the list?
Well,
so the
term accurate quote is kind of like
a double-edged sword
in some ways.
When we give you a quote,
we're looking at the
state of the network in this particular moment
and what, you know, if you give us
X, we'll give you Y or whatever. But obviously, things, you know, things can shift. Like if you said Bitcoin, Bitcoin takes
10 minutes for even to hit the chain. So in that 10 minute period, you know, how much has changed?
Like how much is the Bitcoin price change? How much is the coin you're swapping to price change?
And that can change the outcome of your thing. So quotes are like best get predictions of what you will likely get
given the information we have at this particular time. But, you know, things can change in five
minutes and you can get more or you can get less of what the quote gives you. But we already gave
you the most accurate quote we can given the information we have like at that time. If the
question is like, when can we get you know better than you know
higher up on you know the the aggregators like swap kit um that comes down to two things one is
um i have been pushing for a while and i'm continuing to do so in q1 to make our trades
faster and by having a faster trade we get a little extra brownie points with the swap kit.
You know, even though we don't have the best execution in terms of price, we have a better
execution in terms of time. And then we might get, you know, become the recommended swap kind of
avenue because we're just, you know, our prices are close enough and our time is considerably
faster. And therefore, we get prioritized over, you know, other competitors. That's a scenario that I'm going to actively push for over the next quarter or so.
To get a better price, that requires just changing a configuration of what the actual
swap fees are.
Like we can change, and we have in the recent past, set our swap fees to one basis point,
right? And when we had one basis point as our configuration,
we were getting like 80% of the volume,
as you might kind of guess in some ways,
of the general volume of the market.
But we weren't collecting that much in fees
because we're only getting one basis point per swap.
We get more swaps, yes, but less, you know, revenue per swap. So then we did this kind of thing over a couple
months time span where we just started trying one basis point and, you know, 25 basis points and
five basis points and 15 and 10 and kind of moved around several times, hitting each one more than
one time, you know, just to get a sense of like,
you know, what is a good sweet spot between, you know, volume and fee collection, you know,
and I think we've landed at the optimal kind of place. We could go down and get more volume, but we'd also get less fees, you know, and so that's the kind of the balance that we've been
trying to strike the last few months, which is also why we're not like the number one necessarily, although we're not too far behind everybody else.
But that's the predominant reason why we're not number one is because we're trying to make a balance between decollection and volume.
Some of our competitors are the opposite, like Nier near for example like didn't charge fees at all like and sometimes they were their fees were so low that they were actually negative
and some in some cases you know and they were losing money on every every single trade and
that's just part of their kind of business strategy of trying to acquire volume just so they can have
you know bragging rights of you know the most volume or whatever you know but obviously they
couldn't keep it up forever and i think they stopped a few weeks ago.
I can't even correct me if I'm wrong here.
But we're all kind of vying for the same volume in one form or another
and offering different value and opportunity and doing the best we can.
Okay, so if I hear you correctly,
without killing our own revenue, we're only going to compete on speed.
So hopefully these solutions will be reflected
by the aggregators that will show
that we'll do it in six seconds or 12 seconds or whatever,
and then we can get to the top of the list.
This is the winning pathway, I gather?
I'm not going to go as far to say that it's the, quote, winning pathway
because at most, like SwapKit, for example,
SwapKit will, if there's a huge difference,
so if there's like a 15-minute difference between us and like Nier, for example,
let's say it's just us and Nier in the competition here,
and we're, for example, I'd say it's just us and near in the competition here, and we're 15 minutes faster,
we will get kind of 20% more kind of leeway
on our execution than they do on theirs, right?
That's just the math of how SwapKit
does their kind of calculation, right?
If we're within one minute of each other,
then we're effectively the same amount of time,
even though we're a little bit faster.
But if we're within one minute, we're, then we're effectively the same amount of time, even though we're a little bit faster. But if we're within one minute,
we're considered to be more or less the same,
and then it becomes down to price, right?
But if we're five minutes faster or two minutes faster
or 15 minutes faster, blah, blah, blah,
we can get some extra bonus points,
and we may beat them,
depending upon how far our pricing is from their pricing and how far our speed is from their speed.
And obviously, what's up puts the most weight, you know, in the most severe situations, 80% of their weight on the price.
And less, least severe, it puts 0% on the speed of things.
So I wouldn't go as far to say that that's our pathway to win necessarily. on the speed of things.
So I wouldn't go as far to say that that's our pathway to win necessarily.
But that said,
when we have this zero comp swap thing
that I've been talking about for a little while
and there's an active PMR
that's going on right now
between me and URSA
to get that merge and settled,
when NIR does a trade from
Bitcoin to
USBC, for example, it's a
26-minute process, a 27-minute
process for them because they wait for
two confirmations on their
particular design currently.
And we can go from
where we are now, which might be
let's just call it,
it depends on the size of the trade, but let's just call it 15 minutes for argument's sake.
We can go from 15 minutes down to 10 minutes and chop off, you know, five minutes from our trade
speed, hypothetically. And so now we're like, you know, if we're 10 minutes and they're at 26
minutes, we're more than 15 minutes, you know, better performance than they are. So we get about 20% little kind of leeway on our kind of offering than they do on theirs. So it's not even going to be that,
like it wouldn't be very effectual on, you know, Ethereum to Doge trades, because the
time difference between us and them is probably not going to be anywhere close to 15 minutes,
time difference between us and them is probably not going to be anywhere close to 15 minutes um
if even if it's more than you know a minute or so right um so it depends on the trade like pathway
the route it depends on the assets it depends on like a lot of different things but whenever i see
an opportunity or an ability to to kind of get a little bit of an edge even if it's not like the
end all be all like that you kind of um um labeled few minutes ago, I'm still going to go for it. It's still going to give us more volume.
It's not going to get us all the volume, you know?
Okay, well, thanks for all you do. Thanks for your answers. And best for 2026 to everybody
in the community. I love you guys thanks ray thank you very much ray
and uh when i remember ray you were one of the people um in you know you you have become such
a wonderful member of this community thank you i know the thorfy stuff was a brutal time but uh i
really appreciate your contribution and uh i see you everywhere man so shout out, dude. So thank you for coming up and asking that question.
I really appreciate it.
I think we're coming to the last of this space here, guys.
If anyone has any questions, please request now.
And shout out to Boo.
And I sent you a DM, buddy.
So go ahead and check that out.
Okay.
Kenton, you got anything else?
No, I'm good. We can wrap it up. I think we'll wrap it up, okay. Uh, Kenton, do you got anything else? No, I'm good. Oh, we can wrap it up. I think we'll wrap it up guys. Uh, Chad, thank you so much for coming. I really appreciate it. Always
great to have you give some time, um, to reach out to the community and, uh, thank you r.no,
um, for coming up as well. And D fire guys, D fire, please check that out.
He's a new node operator.
Very exciting.
wonderful guy,
been around the community for a while.
So very,
very cool.
Okay,
guys,
let's talk about what's coming up here.
So this Saturday,
two days from now,
we're going to have edge wallets with Paul.
the next weekend,
January 17th,
we're going to have four wallet Pedro.
We're going to try again pedro we're gonna try again
because we didn't really talk about thor wallet so much when last time we had space so we're gonna
fix that we're gonna have a good old pedro come back and crypto xc um and then the next week we're
gonna have let's exchange uh that's is that that monero uh sex um that we were talking about
earlier kenton by chance yeah oh that's really cool i'm i'm
assuming you organize that nice job man super super cool so uh that's what's coming in the
next three weeks guys um so awesome awesome stuff so we're gonna kick it there guys i hope everyone
has a wonderful uh rest of your work work week and we will see you all saturday take care everyone bye bye bye take care Thank you. Thank you.
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