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Tuesday | TezDay - Tezos Community Call
Recorded: July 22, 2025 Duration: 2:07:39Space Recording
Short Summary
Tezos is experiencing a resurgence with the launch of 'Reaper Actual,' a new AAA game, and strategic partnerships like Ubisoft, signaling significant growth potential and a shift in market perception. Enthusiasts are bullish on Tezos as it positions itself at the forefront of blockchain gaming and DeFi innovations.
Full Transcription
Welcome. Welcome. Welcome back to Tuesdayuesday tes day everyone i'm blanks and as always i'm here with
gryptonio thank you to tezos commons for hosting this space it's a community call this week which
means no guests just us the builders artistsers, and everyone who keeps Tezos moving.
These episodes are some of my favorites because they're wide open.
You never really know what's going to come up, new projects, early alpha, or just good back and forth on where things stand right now.
We'll run through a couple of headlines first
to get everyone on the same page,
then open up the floor.
If you've been testing something new,
working on a drop,
or have thoughts on the latest updates,
this is your space to jump in.
There's a great recap on news.tezoscommons.org
about something we haven't seen at TezDev before,
a full art program woven into the developer conference.
For the first time, TezDev officially showcased
a curated art exhibition,
kicking off with a panel called
Art on Tezos Past, Present, Future.
Alexandra Art hosted with guests like Ganbrut, Michael Zanken, and the co-founders of Object.
They talked about everything from early experimental days to new tools like object galleries and art packs,
which are giving artists fresh ways to share and sell their work.
But the real showstopper, the 360-degree immersive exhibition.
Five-by-five, artists curating artists,
floor-to-ceiling screens wrapped the room in moving Tezos artwork.
Builders who had spent the day talking smart contracts, scalability,
suddenly found themselves surrounded by the art
they've helped make possible.
There was also a showcase
for the Tezos logo remix challenge,
celebrating generative spins
on the classic Tezos symbol.
The whole thing felt like a turning point.
Developers and artists in the same room sharing the same energy. TezDev might be known as a builder's conference, but this year proved Tezos is as much about culture as it is about code. The full breakdown is up now over at news.tezoscommons.org.
TezosCommons.org.
There's a personal recap of TezDev 2025 up now on Spotlight.Tezos.com, and it nails what made this year feel different.
The talks had real weight, scaling Etherlink, RISC-V, RWA, and DeFi panels showing actual products live and in use.
Arthur's keynote quietly stole the show, that same Tezos X roadmap
slide from last year, but this time most of it had check marks. It wasn't hype, just proof that a lot
has been shipped. The big surprise though? Reaper Actual. John Smedley, yeah, the EverQuest and H1Z1 guy, walked on stage, dropped the trailer, and then let people play a live pre-alpha build.
AAA quality, smooth, fun, and running on Tezos and Etherlink, it felt like a real turning point for gaming on Tezos.
a real turning point for gaming on Tezos.
As we mentioned before, art got its moment too.
The art on Tezos panel with Gambrod Zankan
and the object founders reminded everyone
why Tezos is a home for artists.
And that immersive exhibition at the end,
projection-mapped visuals, sound in a packed room,
was the perfect emotional send-off
after a day full of tech talk.
Add to that some great merch.
Yes, Tezos beach towels, hallway chats, and a killer afterparty.
And it's clear why so many people are calling this TezDev the best year yet.
The full recap is live now on spotlight.tezos.com.
The full recap is live now on spotlight.tezos.com.
If you want to keep up with what's happening on Tezos without spending hours scrolling,
The Baking Sheet is worth subscribing to.
It's a weekly email that cuts out the noise and highlights the big moves,
project updates, announcements, and the kind of news that actually matters.
You can sign up at bakingsheet.tezoscommons.org. And while we're talking about the people moving
Tezos forward, don't forget about the Tezos Community Rewards Program. This is
how we recognize the folks putting in real work. Builders, creators, and the
behind-the-scenes contributors who often don't get enough credit.
If you spot someone doing good work, nominate them at tezoscommons.org slash rewards,
tag their post with hashtag TezosCRP, or at least make sure you're adding the right category if
you're not tagging. It takes just a moment, but it goes a long way toward making sure the people actually
building the space get seen all right so that's the big stuff from this week let's open it up if
you're working on something testing a new tool or just have thoughts on where things are right now
request to speak keep it short and on point so we can rotate people through and hear from as many folks as
possible and if you're just listening in that's fine too sometimes the best updates come out of
these casual calls kryptonio my man how the heck are you i'm doing great man just grabbing a red
bull out of the fridge how about you man how man? How are you? I am doing well. I have been rushing around trying to make sure that everything's where it needs to be.
But I mean, I think we're good to go. I think we've got everything in line.
Well, you're fresh out of TezDev, right? You saw Reaper Actual.
I want to get into it because I'm just a gamer guy.
And, you know, like what?
You got to play it, didn't you?
Yeah, I did.
I did.
The pre-alpha version at least.
You know, they had like four computers set up, gaming rigs actually.
And we basically played in a map, you know, in the same map, all four computers.
So when I got my turn, the controls felt a lot like Call of Duty.
So, and it was very polished, you know, for a pre-alpha version.
So, yeah, my first impression was uh yeah it was great
man now i have oh go ahead i didn't i know i was gonna say that i didn't get to test you know all
the features they have the factions and everything so we were just running around shooting each other
at some point then they added some boats that we could shoot but yeah basically what
i tested was the controls you know killing somebody they dropped the their armor their
sorry their ammo ammunition and stuff so you went to pick up and reload and do everything
then you had your own base where you could go and uh you know mess around see how everything works.
But yeah, it was pretty, pretty cool to see,
especially, as I said, for a pre-alpha version.
Now, I watched the Discord demo that John put out, and he mentioned that the gameplay,
he wants it somewhere between Call of Duty and Tarkov.
Did you feel the gunplay really felt like call of duty like you say it played like call of duty how about the gunplay though i mean like
call of duty is known for being quick giving you that real like i don't know the action style
i felt it was pretty similar to be honest I haven't played the other game that you mentioned,
so I can't tell about that one,
but it felt pretty similar to the Call of Duty.
Tarkov is a very classic extraction shooter
that a lot of people play.
Some people argue it's pay to win,
other people say it's an absolute blast
and they can't stop paying and playing so it just is what it is but uh if you're into extraction shooters i think
tarkov is probably one of the most well-known well that's uh but it was a huge it was a huge
surprise for us man uh honestly there are tested because uh as i mentioned in my recap we all knew
that there was some sort of big announcement coming you know from the gaming vertical but uh
yeah i didn't expect such a such a big game uh like a triple a game you know uh i expected one
of the same to be honest like another web 33 kind of game, but maybe from a big studio.
CryptoKitties from a big studio? Are you serious?
Not CryptoKitties necessarily, but yeah, something that would have Web3 written all over it.
But this is actually a game that you just play on Steam, a game that you would download, you know,
that you would play with your friends,
that you would show to your friends and spend nights and miss work and stuff.
But yeah.
Y'all talking Reaper.
Yeah, we are. We are.
I want to welcome up Ryan, Kevin, and Chris to the stage.
Welcome, gentlemen. I'm glad you could come join us.
Welcome, folks.
Evening.
It's been like a day since we talked blanks.
Wow.
Yeah.
It's been so long.
Yeah.
It's been too long, Ryan, honestly.
How are you?
I'm good.
Yeah.
Oh, I guess so.
You guys had no idea they were announcing that, huh?
Well, that it was going to be Repraxial?
No, the name.
Yeah, it's not.
It was announced there.
Because if you could playtest it, that means they've been working on it for a while, you know?
Oh, yeah, they have.
But they have been so secretive about it.
And like nobody knew, you know?
Wow.
I assume it's because Chris knew. Chris chris there we go i i didn't
i knew it was a big no no no i knew i knew there was a big game coming um there were a few people
working on the project for months uh and um there was a not i nearly went to go and see the company
um there was a knock i nearly went to go and see the company and when i was in my first trip to
seattle this year i was down in san diego briefly but it didn't happen but no i mean um to me the
complete gaming experience was a surprise as well it's a fantastic game i'm going to go and get a
gaming rig let me just do a quick shout out because i see effort down in the audience and
he's probably the main person that made it happen you know uh so big shout out to effort
he changed he changed the world i mean i took a photograph of effort before
and one afterwards he changed the world
and one afterwards he changed the world
yeah oh i think it's great though yeah no it's like a solid game and you know it's just like um
like uh you know it's kind of like running in the background right mostly and and i think
as long as this works you know that's what that's what it's all about right yeah i did look into um because i think
the question we all had um was like what parts of it are on blockchain right like what parts of it
are going through operations and calls um i remember this was like like in the back room at
tes dev like that was the and uh i did go to yeah like you played it i played the yeah and so i
played the game um i didn't you know what if he did if the guy when he presented it said it at
the stuff at the end then that's my bad because i that was the thing i i was there for most of it
but then i wanted to go and like play the game so i went inside to the back room and then i played the game and i talked to a guy he said he was a the producer or a producer um but yeah so there's a lot and there's apparently
like they have a really big staff as these types of games go so it's like a hundred devs they have
working or something like that i don't know well it's huge this sorry this this guy is huge i mean he he was at sony uh working on playstation years ago absolutely huge there and he's he's come from
amazon gaming and he's a gamer yeah yeah yeah if he made everquest that's a big deal man
that was huge back in the day so he's playing this game, and he's –
I mean, I don't think any of us would survive two seconds
if we spawned in the game.
I mean, he knows it inside out.
But it's an absolutely fantastic game.
They're going to store gaming assets on our ETH link chain,
and I think it's wonderful.
So I'm going to go and get a gaming rig and start playing
yeah i think the issue with um because people remember the tom clancy uh and the ubisoft thing
and um i think it corrects a lot of the issue that came with that which is like i mean you got
to look at this stuff especially back then as so boldly experimental and for their record
there were like between that and like two other big name blockchain uh kind of releases that were
planned with two other ecosystems at the time those two canceled it because of backlash from
the gamer community that didn't want any blockchain stuff the only one who actually went through with it was the teslos ubisoft uh uh partnership that brought that in so i guess we
learned like yeah you don't don't rely on don't like go to an old game for one thing make a game
with this you know like make it part of the narrative that it's like born out of it because
like otherwise you're kind of alienating two groups you know it's like born out of it because like otherwise you're kind of alienating two groups
you know it's like this is already they already have their history and all that now you want to
they're they were waiting for something really like big and monumental for them and it's like
no we have this um now you can buy stuff on this blockchain that like your whole community is by
the way not really interested in and they'll all advise you the same
and it's like but or you just want things to stay as they are um so and yeah it was very disconnected
also if you if you watch uh mythic quest season three i think um not this one that just happened the one before that uh they they talk about this
and it's like the parallel for for that like that tv show on apple tv that is the first tv show ever
produced by ubisoft by the way um and which is interesting and they always they don't refer to
it by name but they give all these indicators.
So they had a storyline that mimicked the Tezos Ubisoft
released with the whole Tom Clancy thing
and the lessons from that.
So I suggest looking that up.
Anyway, but I digress.
Yeah, so it was...
By the way...
But the producer didn't know...
Oh, I just want to...
The producer didn't know... Oh, I just want to... The producer didn't know, like, what operations were on it.
It's like, you should ask the guy who's on stage right now.
So it's like, oh, okay.
So, yeah.
Kevin, he was the CTO.
I mean, I think it was...
If it's the guy I think you mean, he's the CTO,
and that was his wife with him, right?
I don't know.
They were operating on a...
They were trying to get the game up and running for people and a couple of a couple of people played the game
really loved it um one one of our guys obviously found a bug as he would next day the bug was fixed
they really are on a tight feedback loop knocking knocking the bugs out and this is going to be a great game when it's uh
fully released so i will be uh i mean it's a it's a multiplayer game right so we were we were kind
of like talking about like oh when it launches you know we should like form a tesla's posse you
know i'll get it i'll do it i'll do it. You know, I'll buy the game. One of the servers is going to be all Tezos people, you know.
Oh, really?
I think so.
You're not even kidding.
Initially, they said that its server will host up to 200 players, right?
So I think we have at least 200.
We could get 200
I know that we will probably have
a TC base somewhere
did anyone ever
tell you what the operations are
and everything
did anyone ever explain it
so I did
Billy to look into it uh uh you know i introduced you to
the billion bacon did he tell you or do you want the rundown well as as it was going on i was
sending him like the screenshots and things and um you know so like and he looked up and everything
but so he looked up like there are caveats though
um he's because it's like there's this there's another implementation of it like um
that like it doesn't interface with that okay so um which has been kind of an issue i think
there's two versions of the game yeah there's a version that's on steam because you can't have anything crypto related on steam or epic right that's totally not allowed so you can't have any type
of those games at all whatsoever that will get you banned you can't you can't distribute you can't
use their platform to distribute that way so that version of the game will utilize the steam
marketplace and use assets and everything on their marketplace like you normally would the way that you trade your your your counter-strike knife skins and stuff and all that
stuff it'll be exactly the same there and then that functionality will be 100 converted over
to etherlink and their own personal marketplace when you use their launcher from the website.
Yeah, and you will have them, you will be able to do all sales and stuff, you know, trade assets from inside the games interface.
Yeah, you won't have to leave the game to do it.
So how is the Steam version, like, presented in context of the overall ecosystem for Reaper Actual?
Claire, what do you mean by that question?
Where are you going with that?
So it's on multiple platforms.
It's on Epic and Steam, yeah.
Right.
And so a consumer end is like,
I can go in on every instance,
but this one does not do...
It does not resolve in the way that this one does.
So the Epic and the Steam one will be...
Players will be able to play with each other,
and then there will be a separate one,
which will be from their website,
which will have the Web3 capabilities
and features. But
the players from the
Web3 version I think will
not be... It harkens back to the day
when PlayStation couldn't play with Xbox.
You know, just two separate
ecosystems.
Two different platforms.
Yeah.
This stuff is going to resolve itself.
But look, we have to look at this as a very positive thing.
Oh, this guy's been doing this for years.
You're too worried about that.
John is an expert at multiple ecosystems when it comes to releasing games.
He's got it.
It's a given.
This is a great game to play and all of that.
And I think a lot of this audience actually is intrigued by
this stuff. So it's interesting to want to explore, like, how are we pushing the boundaries of what
can be done on chain? It is iterative and people want to take it to the next step, particularly,
you know, as we're coming into a new cycle altogether. So that's interesting um and it should and if people want to make sure they try the
blockchain version it's good to know that the one on steam is not but go to the one that's through
their website or uh yep yeah yeah their custom launcher will have all the capabilities and then
of course assets assets you make so they're going to give you the ability to create assets on-chain for the game.
So you'll be able to do, apparently, skins and stuff.
If there ends up being a run that's really great,
like everybody likes it in the community,
they may put it into the Steam Marketplace.
Or same thing for the Steam Marketplace.
If there's something good, they'll move it over.
But obviously those sales remain separate and in their own marketplaces.
Potentially great for artists as well because there's money in that stuff.
Yeah, and exposure too.
Yeah.
Yeah.
I don't like exposure.
I don't like getting paid in exposure, but money is good.
Marketing, unfortunately, has to happen.
I know you guys don't eat off of marketing.
But unless people know that you have the greatest thing,
they'll never come buy it.
We've talked about this many times.
Yes.
By the way, I've pinned the post up in the space.
They have their waitlist open right now.
You can register for the pre-alpha closed version
that they will do.
Oh, really?
Yeah. So just go to their website and...
Is that up there?
Yeah.
Can you see the pinned post?
I think?
I don't know how this site works anymore, man.
It's there.
Let me put it...
Oh, my God.
There are no comments.
I can see it.
And I'm old and I'm out of sight you know so not in not in the spaces thing but in the has those comments when you open the space where you see the host
the speakers and everybody you should have a pinned post up above them oh yeah yeah yeah
oh okay okay i see okay yeah so you click it and you go there
yeah go to the website and then to the waitlist click on waitlist and you can um
i mean might as well i guess yeah with your discord or a steam account or epic account
team account or epic account i use discord
i use discord
i i link to everything actually don't go don't do it yeah i assume there won't be too many spots
there won't be many spots and if you go for it you might get one and we might not
why did we mention it guys no, don't do it. Whatever you do.
I won't.
I can wait.
I'll tell you what.
I'm sure someone could wrangle
some spots if you asked him nicely.
I'm sure.
Chris, can you wrangle some spots, please?
Maybe.
Maybe.
I can wait. It's okay. I can't wait. I don't want it that i can wait it's okay i can't wait i'm i'm not i'm not i don't
need to be humble and no i can't wait i'm impatient i want to be there when everyone you know signs up
and just just have i'd like to be white listed and not have to fight the node when it comes out
massive teslos party on the game you know i mean you're gonna need to have
a few people that know what's going on to at least set up the server and be like guys come do this
like here's how you eat food you know that might be kind of important oh you mean like a tutorial
like how do you play well i mean there's how do you play but then there's like
people who kind of have figured out how to play you know like dropping you into to like a game
like everquest without any type of information there's a pretty steep learning curve and there
is yeah it gets ridiculous if you don't have you know general mechanics down like and concepts
yeah you can really kind of
push yourself into a hole thinking that the game is the way it is when it isn't yeah i don't know i
heard tesla's people competitive i don't know only like the most competitive
you know they can be but also not know, it's kind of weird.
I don't know.
I think when we find out who secretly has like a rust addiction,
because I feel like this game is going to be like a chill down version of rust.
I'm secretly pretty competitive to like, you know, I play Overwatch and stuff. No, you just want to not lose.
You don't want to win.
You know, losing, winning is better than losing.
You know, but I don't know. Some people really don't
care, you know, and so it's like, all right, I don't know.
I don't know if they don't. Well, yeah, actually, I'd say about a third of people don't care. That's probably true.
No, it is fucking around and then it's
just like okay well what are we doing here you know okay you pinned something up there are we
allowed to talk about this i mean it's it's on the fence i guess uh so we are now we we have some
clear regulation in the united states how do you think that fares for uh an L1 with such capabilities like Tezos.
I don't know. What did he actually do there?
I wasn't there. I didn't know.
I didn't ask him, and I'm not going to
because I'm sure he'll be like,
he was there.
He witnessed it.
It's a historic thing to go to a signing
of an important bill
that affects your
stuff that affects you.
Someone said he took a dump in the toilet, but I don't know if that's...
Hang on, hang on.
That was jacked.
I thought it was hilarious.
As the reference...
I'm here to play.
Sorry, sorry.
Sorry, as someone representing Tesla's foundation,
I can confirm that he didn't take a dump in the White House.
Okay, no, no, he did say that.
He did.
He had one before he went.
I have to say very cheekily, I was reading all this on Saturday evening,
and I couldn't stop laughing after that.
I mean, I thought it was hilarious.
But he probably did.
Yeah, I mean, he had the opportunity to go and see that act
signed and he went out and he did it and um yeah got the t-shirt so and i think i think the act
clarifies a load of things for us i'm i'm not the expert um maybe there's someone on the call that
can explain it better than me but um it it makes the market better and as as we've seen uh you know
things have happened yeah the whole market the whole crypto market went up but then the interesting
thing is that we got that big bump right a few days ago so yeah the past few days for me in
particular it's not just uh the tesla i mean that was, yeah, it's a good good combination, perfect storm
because it's like the stablecoin stuff
happening and having clarity on that
and the Clarity Act, but
also
like with Tezos.
So it was like a good weekend
to be Tezos stablecoin
issuer. Do you have any
theories of why
Tezos moved by itself? Well itself well i mean i did put out
like my tweet on it was about uh like this is the result of like if the question is like why did
tesla's grow this much i mean yeah a lot of stuff grew but tesla's grew like by more than the other
stuff it was top for growth why and it's like well that's the result
of not like artificially inflating the price um you know using market makers to do that like
that's where most of the money goes for a lot of these uh organizations that are blockchains
uh or that have blockchains um that's so yeah but we don't do that in tezos we have like this
ethos and always have of like let you know let the natural organic market buy into this even if
it takes a long time it's better to do it that way and build on a foundation of believers that
will keep this like finely knitted mesh of support,
like in every sense for this asset.
And then you'll have real solid,
like a reliability of this asset.
Like the market will judge it as such
and then that will be great.
And you don't have to pay that money anymore
because it's like there's an actual market for it.
It's like what you're staging for.
So that's how we've had it.
And that sucks for a lot of people for a long time
because you see Tezos go to rank 110 or whatever sometimes,
in times bad in the market or the alt market.
But then the upside to that are these moments
where when things are going well, it can just shoot up really quickly because it's not already artificially inflated.
That's the benefit that we get of doing it right.
It's like institutional money, right?
And they do their due diligence, or at least you hope.
Well, there's like two schools of thought.
I mean, one is the one you see the most of.
It doesn't mean it's right, it's just what you see the most of.
And that is, pay all this money to get this price of this coin of ours artificially higher,
and then we rank higher relative to the market cap of all of our peers, or we're on a short
list of those peers, or we're on a short list of those peers,
or that much shorter of a list.
And then we'll have relevance,
and then we can expand and leverage off of that
to figure out something sustainable here.
And hopefully we do that before we run out of money for doing this.
And most of the time they run out of money.
Sometimes it takes longer for others.
But it doesn't work that way.
It's not like a magic kind of a thing.
The other school of thought is what we do, which is just let the chips fall where they
may because we'll have a much stronger network in the long run, much stronger network of
holders and be economically financially supported.
So, yes, I mean, that's why we had a disproportionate growth.
had certainly a strong triggering part to it,
because, like we saw in November as well,
because you have less liquid supply out there.
More is now in locked position because of staking
that we self-decided to do.
And that's kind of the idea.
The more we do that, the tighter the supply will be um and the
expectation of that supply like four times what we had before adaptive visions before the staker
roll actually really we have like four times more luck what is it at now it was close to 26 percent
it dropped back to 25 i think right now but uh yeah, just before we move on from the Clarity Act.
So from what I understand, and obviously I'm not an expert and I haven't followed it much,
but the big thing about this was that there is now a clear way for all the big institutions
and the stable coin issuers and everybody all the projects and crypto basically
that there is a clear uh there are clear laws on how they should operate how they should uh what
they should do you know because before i think they could be accused by sec and other and others
yeah it was a mess yeah yeah and now there is a clear path i think that was the big thing, right? Yeah, particularly starting, I'd say, 2022, like you started, or 2023, really, like you
started to see this massive shutdown of anyone who was even doing anything at all related
to crypto, unless they were, you know, like Coinbase, one of those, kind of like the big
infrastructural things.
But even then, they had a Wells notice and all that kind of stuff when they went into Gensler to talk.
So there's been an ongoing saga of just like annoyance for those of us who have been choosing to operate, you know, in some fashion, you know, wanting to be established in the United States.
Like, let's call it that.
Whatever that means, getting licensed,
if that meant you have to put down this surety bond here.
It's like, okay, what is it?
Just tell us what you want and we'll do it.
No, we're still figuring it out.
That's been regulatory for the past four years, for eight years, really it's not four years did they fire gary gansler did they fire gary oh yeah he's
been gone for a for a long long time um yeah but like in anticipation of you know like they didn't
sorry but kevin a lot of these things these politicians do not understand
this stuff oh 100 percent not at all if you if you go back to 1985 before most of you were born
um there was a a politician in the uk working on the Data Protection Act 1988. And the understanding that she had was very, very small
of how computers and information worked.
And it's quite worrying that these things happen.
That said, what we've seen this week and the week before
has been very positive.
So now we finally have the clarity that we've needed to actually make deals confidently, which is what now lets people say, oh, we can relax and actually just do this stuff.
So a lot of the stuff that had been theoretical in the past is now becoming tangible and i think we'll see
announcements of different types of things start to emerge over the next few months um but uh yeah
like i mean the laws and it's good i'd say it's good for like as a good thing for so the genius
act in particular that's the one that really affected me and what we're doing.
Because that's the one where it's for stable coins.
And it's not to insulate USDC and Tether and those.
No, it's actually, that's what they don't want.
They don't want to have to see a monopoly or a duopoly of stable coins.
They want it to be a diversified thing where you could have even indexes of stablecoins
to diversify a portfolio.
But anyway, so yeah, and it's good and it gives enough latitude to small stablecoin
issuers so that it can be a scale-up attempt.
You can do it in stages
and uh yeah and it's flexible like it's not too like restraining and bureaucratic like it allows
innovation to actually happen so i'm i'm happy with it uh you know so just the general fact
that it's there i mean there's a lot that i probably would have even been okay with something even more restrictive uh but it's good so the not that i would have wanted that of course but uh in terms
of uh like how we can generate yield and like for us with usd tes even though we could have even to
some limited extent we never even once put any funds into of the collateral
into a lending position um not even like one percent or anything just as a rule because we
wanted to show that on chain and have a full record of it and have 30 different audit reports
that show we didn't do that uh to the government so So now we can harvest all of this goodwill and good track record that we've been building just for this moment.
So that's what's good for us.
But yeah, so one of the stipulations, though, I guess you could call it, or depending on how you look at it, it's a benefit.
The way we become self-sufficient so we can operate on this is we can earn yield for operational expenses and all that stuff, but it's trying to get everybody to and it's not going to
be right away but they're going to they're trying to transition everybody over to uh just having it
backed by like t-bills and all that kind of stuff uh which makes sense because it reinvests in
the u.s dollar um and and to get other holdings to be in cash as well.
But it's still not clear if that's like cash, cash equivalent,
because certain other embodiments are also safe.
But yeah, so a couple other things to it.
But yeah, and some guidance on entities.
How do you feel about our maturity?
Maturity?
Yeah, you know that they mentioned
what blockchain would be considered mature
depending on some of the details
and how much decentralized it is
and stuff like that.
Yeah, I mean, I think it makes sense.
Right.
It's kind of that,
like, I think of it in the sense of
I don't know.
like how, like, some people
file for
like religion,
like you don't have to, for religious organizations,
you don't have to pay any tax.
So the different schemes that some people have tried to get something qualified as a...
It's like, no, that's not a religion.
Someone has to make that determination that this thing you present is or is not actually a religious organization.
So yeah, it's subjective ultimately but
it's to keep away those that would otherwise i think exploit and um
you know use even maliciously uh like this law that's actually intended for a lot of good
this law that's actually intended for a lot of good um yeah you know just do anything and say hey
yeah here's my rink-a-dink pain it prevents attackers i wanted to move a little bit over to
crease because i have pinned another post up there as well about next week I think
somebody's having their 50th birthday and there will be a space Chris
yes so in early August I'm 50 50 years old would you believe
50 years old, would you believe?
And we're having a part A online.
And you and Blanks are going to roast me, I hear.
Really?
We are?
Yes.
Wow.
Yes.
You have the opportunity to ask any question you want.
Okay.
I'll make sure most of my questions focus on like wwe you know where where
where where or when is this oh the the link will be uh well the link has been published on my
i have it in the pinch post is it the is it the baker spaces yeah i did see that okay cool yeah it's it's the one with the the cake with
50 yeah yeah yeah yeah okay okay uh some details don't go in my brain sometimes i think i yeah
no no it's there now i'm recalling it i'm 50 in early august and I'm having a series of celebrations which is very unlike me so
I'm going to have the X space next week and then I've got a family get together just before
which is also my parents wedding anniversary so that's quite apt and then the following week
a day of debauchery with some colleagues and friends in London.
So I'm looking forward to it.
Sounds like a good time.
And then the following Friday, some more drinks.
Very unlike me, as you will know.
You do love your drinks.
That's the first thing I noticed.
I'm sick.
I gotta have a beer.
That's how you make the sick go away.
I guess so.
I guess so.
It's a little hair of the dog
that bit you.
That's what I was told.
Sometimes a gentleman has to have an emergency gin and tonic you know if you can't get
one what's your what's your favorite trick actually so when when i went to university i
used to drink lager and white wine and i came back from university. Those seven years of education, grants and so on
convinced me that I should drink
red wine and real ale.
And I brewed
for a few years.
I can't drink beer in excess
anymore. I drink red wine.
You drank wine in
college. Look how sophisticated
those Brits are, man.
Yeah, man. I was double-fisted 40s
of Budweiser. I was such a
classless garbage human.
PBR.
Bush Light, yes, PBR,
you name it.
Back in the early days
of university in 1993,
we used to drink
a concoction called Snakebite
and Black.
And that was a blackcurrant cordial with cider and lager mixed together.
That's what a lot of people drank.
Sounds not for me.
I bought my wife her first drink at a bar at six in the morning, and it was an Irish car bomb. Her first drink at a bar at six in the morning and it was an Irish car bomb
you're on tenuous ground here blanks am I though I mean it wasn't her first to
drink I said I bought her her first legal drink in a casino at six in the
morning and it was an Irish car bomb okay I bought your wife a drink in seattle so that does that count i mean am i the
only one who's never heard of that drink okay oh it's uh so it's it's uh what a what a name baileys
and whiskey dropped into a half a pint of guinness and then you pound it that's that's what I was getting at what was the drink yeah yeah yeah it's half Baileys
half whiskey and you drop it
it's a drop shot into half a pint
of Guinness
it's delicious
it's such a grotesque
like name
Jesus Christ
I know I'm like
whoever invented it it's like name. Jesus Christ. I know. I know.
Whoever invented it, it's like,
you sure you don't want to give it a different name?
No. People have to know.
No, it has to be shocking. That's what it is.
It has to ruin your day because it's politically charged.
That's what the drink's
going to do to you.
I always get into trouble because
when we go to a cocktail bar
people say what would you like to drink please and i say oh i have a cosmopolitan and so this
cosmopolitan comes back to the table and everyone's trying to find a young lady that's drinking it
and it's me every time that's just what i do do you ever order like a shirley temple just to be sassy
occasionally i mean i might i might order something a bit worse but this is a family show
it is this is a wholesome family friendly environment there was there was a joke about um years ago on fry and
lorry about going into a cocktail bar and ordering everything in the till and no sudden moves you know
a new cocktail i mean if if it worked that's pretty brilliant i like that one
that's funny i watched fry and lorry i went through it once when it was on uh
netflix at some point um yeah we didn't we didn't get it here though like in
back when it was on or we we didn't even get your your pleasant euphemism now we get everything
from you recognizing like glenn close's touch on insanity from a 1984 movie like
we we didn't even see it that deep leave leave that one no i'm just saying like that's just a
cultural thing like you guys over under the side catch out of things we don't in general
it's why were you your generation like see back in my day in the 90s um when you partied 90s style
you like you if you wanted any british tv at all maybe maybe if it was really good it would be on
pbs after your i mean we we had av fab i got I got exposed to Red Dwarf.
Oh, yeah.
Red Dwarf, yeah.
Yeah, I got into all that.
Yeah, both those in the streaming years.
Not back then.
But even though I think it was on back then, some of it.
Not Red Dwarf.
Oh, Red Dwarf, I remember watching on VHS, man. Somebody recorded it
off PBS, you know, like one of those moments.
Yeah.
Yeah, Red Dwarf was great. They're still
doing it once in a while.
So, okay, I'm going to
explain. So Blangs was referring
to the Fatal Attraction
film. Is that right, Blangs? I don't know
what movie it was. It was just like, culturally speaking,
I had to Google it.
Exactly.
It's an American film,
and there was a comment made,
and I didn't know what it was,
and it's a cultural reference.
It's British, believe it or not.
It's not American,
which is really why we were all so confused.
No, no, no, no, no.
It's not British at all.
The references.
Okay, so you're talking about...
Not the movie.
Not what it comes from.
That's an American film.
What I'm saying is the actual...
Like, the whole thing is...
Culturally, it's a British reference.
It's not an American one.
We don't use that.
Okay.
Okay, so...
In the film,
Glenn Close is very annoyed with Michaelouglas and the family come home and they
find a rabbit being cooked and it's the family rabbit and uh the the phrase that came out of
that is bunny boy right yeah we don't use that in america so a bunny is a pet family pet that's the difference so um you know I've I've had to explain
this to people my French teacher my Russian teacher in Russian and French fortunately in
the same language they speak um and they don't get it and the reason they don't get it is because the bunny is the bunny thing a bunny is
the family pet um but that's that came from fatal attraction i've heard i've heard that term since
the eighties right and see that was just my comment that you guys uh in in the uk you pick
up on things culturally speaking that us americans are just blind to, we don't catch the nuance. And so, we feel very dumb
talking to you a lot of the time.
Wait, what does...
Like, bunny boy, what does it mean, though?
Boiler. Like, she
cooked the pet.
Oh, boiler.
It is a term
for someone, not necessarily
a woman. We're going to be
equal opportunities this evening. Honey boiler?
Someone that is, yes,
someone that's obsessive
and would cook the family rabbit if there was
a problem. Now, we should probably
leave it there. Yeah, no, I was just saying
culturally speaking, you're very
observant on that side of the pond.
That went way over my head. See, we're Americans.
We're like, I don't get it. I don't know
what that means, but we believe you. That're like i don't get it i don't know what that means but we
believe you deep it's deep and you know to you it's just well i mean you guys talk in rhyme
you talk about things like it's weird how you talk i love it listen i love it the last the last
time i was in chicago i got off the plane and i went to a bar and there was someone talking at
the bar and they're going oh my god i was in this bar the other day, and I was drinking this Manhattan, they got the Manhattan,
they got the wrong type of lamb in the Manhattan, and she carried on for about 20 minutes, and I
was sitting there thinking, okay, first world problems here, you know, what to do, different
set of problems, we're in Englandland we've got you know mud roads um
you know the asteroids about to land high taxes yeah what do we do
yeah we're worried about limes man that's where we're so we're so focused on not important stuff
sometimes well most of the time. That's quite honest.
That's America. I mean, how else
can you get that picture of the man
eating a cheeseburger, waving a flag
and running through Walmart all at the same time
and it's real, you know what I mean?
We aspire to be that man.
That, for some people, is
the embodiment of America.
I probably told this story ago but about four years ago i worked with someone
in america and he said to me he's from utah and he said chris you know do you have steaks in the
united kingdom no no they just have uh brown they just have mints that's all they have they don't have steak
they just have mints we have ground beef dude that's good one ground beef dude that was good
well that's the thing you know like uh america is so big you know there's like a lot of people
feel no need to leave it right and so they just go from state to state, not really realizing that, you know, we're all pretty similar.
Like no matter where you go.
Very, very similar. We were discussing this in.
in Seattle. I turned up to a bar because I was about two hours early for my Airbnb and
opt into probably one of the worst bars in Seattle with my luggage laptop. I would have
ordered a red wine, but you have something in bars there that we don't have in England,
and that's good old boys. So I ordered a budweiser i think it's probably the
first budweiser i've drunk in about 15 years was it just as delicious as always absolutely yeah
absolutely i ordered some chicken tenders and it waited until they left yeah oh man yeah i don't know i haven't been to a bar in years so no idea that
sounded like the most american thing you could do like that's not a very typical seattle experience
either that's the part that's really funny like you came all the way to seattle for that
well but the the previous the previous trip to seattle was was better i went into the oldest bar
in seattle and that was really good i mean yeah there's good yeah there's good stuff here too
it's just but you got the timbs down the road was way better than wherever you were at man i don't
know i i mean i get that it was in close proximity but i mean tim's just down the road i mean that
cider was delicious the food was good ryan you made that food look delicious which one over at tim's you were just
oh i was hungry man i was starving and then you took a picture of me and put it on the blog post
yep i didn't even ask permission we had the conversation you made the statement later in
the day you were like we're just those people if take our picture, we have to deal with it.
I said, all right, you'll have to deal with it.
You caught me in the moment where I was just like scarfing it down.
I mean, it was a really good.
You made me hungry when I saw that.
I thought everybody else should enjoy that as well.
Yeah, yeah, it's fine.
Thought about it later.
Well, if you're just joining us.
I like food.
Yeah, I don't blame you, man.
Now, if you're just joining us, this is Tuesday, Tuesday.
We're doing a full community call tonight.
No guests, just updates, projects, and open conversation.
If you've got something to share, request to speak.
We're right now talking about
food uh talking about food i do have i do have a announcement ryan you've been up here this whole
time and you haven't made your announcement i'm so disappointed in you well well i uh so i just uh
teia teia has a new poll and um right now uh you know the the company i work with is tea cafe but uh and i work with joe
joe simon who's uh you know our our cto and we've been kind of thinking about like okay maybe it's
time that we uh you know get more serious about it right like we've been working on it part time here and there, but so in lieu of that, uh,
I was talking to, um, some of the Tate team, cause we're using their API right now.
And we're thinking about like, oh, maybe we should do an upgrade, you know?
And, um, and then, in the conversation kind of moved to like, like oh why don't we just index everything you
know and so like huh that's a lot of work man like that's a lot like it's but but if people want it
um maybe we can try to figure it out so um uh so I made a little poll just just earlier this
morning and if you have any TIA tokens you can uh you know vote and so we're just trying to get a
little bit of uh feedback you know and see if it's something people want because uh there's a lot of
nfts out there that that have either fallen off or hasn't been indexed in a while but i've
seen some of them they're like pretty interesting stuff so you know it'd be a shame if they just kind
of disappeared right so so that uh so yeah i'll leave the link but uh if you want to just say yes
or no and you know we're just getting some feedback right now.
I've already pinned up your.
Oh, you did?
Oh, you're so good at that.
Man, thank you.
I had some. He's magic at those pin tweets.
I'm like, oh, man, I got to look up the link now.
Oh, no, you did it.
by the way we did have uh apparently the uranium token is gonna be listed on centralized exchanges
now i don't know if you saw it yeah the one is mexico the other is the gate dot io they announced They announced it today. Oh, wait. Chris fell down.
Yeah.
He's requesting again.
Kevin as well.
He might have gotten kicked.
Did you do that?
No, I didn't kick them.
Chris raised his hand, and then when he put his hand up in the air,
he forced himself back down.
Too much about it.
Sorry.
Oops.
I'm all trying to hit the request and i muted
everyone i'm sorry go ahead chris yeah no sorry i i lost sound what i wanted to say to ryan is
the project you're working on is actually something i'm doing uh as well so can you give me a call
next week or tomorrow really oh yes if you want to do it i don't no no no no no no no no no no
there's a there's a collaboration opportunity i've got a guy looking at exactly what you're
looking at so give us a give us a call tomorrow please okay i definitely will no no i lost for
some reason i lost sound so sorry about that just just to okay, so just a real quick, like, so I have been talking to Javier, you know, the guy that designed the TAYA contract.
So he already anticipated this ahead of time.
He's like, really brilliant.
So he's like, oh, well, so we already have a mechanism in there where the TAYA DAO or the team can vote on which contracts
to allow or disallow you know so yeah the mechanism for doing those sorts of things
is there and the community themselves can pick which tokens they want to revive you
know and I think that it'd be something
but yeah I'm interested in like uh what you're working on on your end too so you know the more
the better I think it's something everyone wants you know but don't know quite how to put it
together so yeah there's also some money to to think about so okay give me a call give me a call yeah yeah
i will i will thank you thank you uh everyone wants a zero wants this uh uh
oh peculiar that guy he's i know he had tried it before um but it's not easy you know so
all right i'll give you a call so um yeah with uranium yeah um yeah i talked to the team behind it about and
there have been discussions in the past about doing a um l1 version or or basing i think uh
i guess there are a couple ways you could do it.
But yeah, and the other thing I really like
that Tezdev and Arthur started talking about
how he was asked, like, where asset,
like what's good, what the L1 is good for
besides just settlement transactions.
Like it was in the Q&A, so.
And he said it was like asset provenance. So he mentioned that. And that there's benefit
there also because you can bridge it over to the different L2s. It's an origin of trust.
And also you can bridge it over to the L2s once you start from there. So I was so happy. I was like, yes, I need that sound bite.
But yeah, yeah.
So that would be exciting to see.
And I think it's really good that we can also open up
some of these transit roads more with centralized exchanges.
Before, there was, I think one other uh thing with that with the
bitrex that happened back in 2023 yeah um and it's yeah no that that stopped i remember back in
i don't i forget when but i remember it stopped. So, yeah.
Who knows?
All these things can get revived.
Especially now with the new regulatory climate.
Everybody can do stuff again.
Yeah, uranium.
I don't know.
I never understood why uranium needed to be on ether. You know?
Yeah.
So, there were a couple of considerations.
So for one thing,
I think the main thing,
like all the tools that would have just like gotten stuff hooked up right
away.
like it's like,
or just like ready in a box,
you know,
over there.
whereas like,
we're kind of building that stuff through every time
there's a new product release.
I mean, everyone does that
for everything to some extent, but
it's more
experimental.
Yeah.
So I think there was that,
and then also showcasing a use case for
Etherlink, because it kind of
extends off of it.
I think that was it.
And I think just the overall experiment
was aligned with the overall experiment of
what's going on.
That sounds reasonable.
But yeah, it makes sense that
you would do something...
To me, it's like you can run a beta somewhere and then you do your like your actual full-on version yeah you know where you
really want to do it like in the thing was the transaction speeds and i'm like what do you mean
do you really need that speed for if you're just buying assets right so i never really understood
but if it was just like part of this um eventually when you get to a level of scale where you need high frequency
transactions um which ultimately you know we all want to graduate to uh like in the kind of
defy rwa all that stuff type of world scares me man i don't know't know, but I guess that's what people are doing.
Well, that's one of the fundamental
differences between
a DeFi types of transactions
versus the needs
of those, and gaming
and all that. Things that
like how rapid
it goes matters. Yeah, yeah, yeah.
Gaming, for sure. But for art,
you're at an art gallery,
things slow down.
You don't go that fast.
Unless it's an auction.
That's a good question.
Well, yeah.
Like, unless it's an auction,
you need a technology that's going to be,
you know, a lot more,
there's something going on that's a lot more,
you know.
What about bidding?
Bidding you'd.
Yeah.
Like, a lot of other features are needed.
So, but I think by that point, you know, Tez link will definitely be, or
whatever we end up calling it.
Uh, like, like that'll be the showcase of like, here's what
Tesla's can really do.
Like, this is the, like, this is the real power of Mickelson.
This is what we've been building for all these years. You want your
compatibility with the EVM, you got your compatibility with the EVM. I'm looking forward
to that.
Yeah. But also, there's more talk about justice these days. And I feel like that's going to be
so interesting. And I think every ecosystem can stop and look and wonder, oh, that's interesting. I think every ecosystem can stop and look and wonder, oh, that's interesting.
When someone's doing something on JavaScript, I forget what the other previous attempts
at this were. Arthur mentioned it, but there were a couple others in history. People stop
and note it. It'll be compatibility with JavaScript.cript uh so you go javascript based applications open it up to
over 20 million developers um but also it's very bespoke i think we're going to have to also see
you know where the market comes from and grow that out you you just wait because we've got a
canonical roll-up coming and it's going to support the uh you know ethlink teslink justice it's going to you know be able to execute
all those different environments with with bridges for the assets so yeah yeah it's going to come
sounds complicated but if it works then it could be huge it's it's not going to be complicated it's
um it's it sounds yeah yeah this is actually one of the things I was thinking about
because it is an interesting...
There are some times when I think,
okay, it makes things a lot clearer
when we have the different separation of concerns.
You've got your Etholink, you've got your Tesolink,
you've got your Justice,
and we can think about them as separate objects
because they have things respective to themselves um but then there's a
rush to also be like well no no these things are all kind of connected and are not not as much now
but in the future so think of them that way starting now and uh that'll be the case it's
like but wait you're pulling my head in the opposite direction.
I mean,
once it gets deployed,
I think it'd be easier.
Yeah.
I think for one thing,
people are okay with like,
you know,
a color coded,
like selection of things,
as long as they know that what they want to do is going to be fine.
yeah,
that came up in, yeah, the past, uh uh i'd say fendel's on there you
know but he's been uh you know i've been talking you know throwing around ideas of like doing a
music streaming platform right and for that kind of thing we definitely need the transaction speed transactions speed because you can't oh yeah right yeah so yeah it opens up all these new
possibilities in the space that um may have been difficult you know because there's ways
to cut corners right and i know a lot of places that does it oh well just we'll just do the
streaming part on a database right but uh then it's like well what's the point that there's tons of places
that do that already and they were more popular right so but you can do it on chain that would be
something yeah and people associate teslos with decentralization and true yeah for close governance
it's like its own entity like it we have that credibility
and i think that's like the center of trust um that people will can look towards uh what comes
out on tezos as like oh this is the way to do it this is the better way to do it oh good or even
if it's like tezos isn't first at something it's like oh good now it's on tezos well now now it's like Tezos isn't first at something, it's like, oh, good, now it's on Tezos. Well, now it's worth
doing.
Or I don't feel like I'm risking something.
Yeah, we
are obsessed. That's the feeling.
We are diligent and obsessed
about gaming it right.
yeah, you know,
lean into it more, I think.
Kevin, I don't remember if I asked you before about it,
but have you made your mind about, I don't know,
how are you looking at Tesslink regarding to USDTZ?
Oh, yeah.
Well, for all the L2s, it's the same thing
I said from the beginning.
It's like we want to move from l1 to l2
not do an l2 first worldview um and and for this reason i actually it it kind of uh goes around
this reason which is like yeah the origin of trust um you know and value really you can think
in just nuts and bolts economic terms really like. Where people feel like this is where everything else references its trust and reliability, that's where you begin.
And you become as pure as you can to that thing and then move on to other stuff.
Etherlink for me is like a port city.
That doesn't mean all the L2s are.
That means that Etherlink is because in the sense that it has a gateway to this market, which is very large, but also very specific to its own norms of its environment.
And so this technology is here to provide to that
and we can cultivate a relationship upstream, downstream,
in and around, all that stuff between these two things.
That's an advantage.
So to me, it was always the logic of that.
And same thing with TezLink.
I think that'll be more...
When it comes to what we're doing with, say, TezX,
it's going to be much...
That's when we're going to get to the high-frequency trading stuff,
the stuff where you would need NL2, whichever you focus on.
That focus will be doing it on Tezlink more than Etherlink.
It'll be more about... That focus will be doing it on Teslink more than Etherlink.
It's more like we'll try to support Etherlink, but it's not really our focus.
We are pointed in this direction, and we have a niche.
It would be much easier for you to just drop it on Teslink.
And then for justice... It to be interacting with Cetherlink,
you know? Yeah, and then for justice, I think...
Sorry, can I cut in for a second?
Can I cut in for a second?
So, in the canonical roll-up,
all this stuff is possible, right?
There'll be misrifts in there as well.
So... Yeah, but that's...
I feel like it's...
That's the future state kevin so i totally agree
it doesn't agree or disagree with what i'm saying it just kind of like sides it and makes it like
yeah but think of all of these things and they're all together it's like okay but i just this is a
cool thing no no see all these things are all these things and it's like i feel like that's
where people kind of lose like you know kind of lose the sequence of it,
where it's like they don't need that.
They don't see it.
They don't see why it adds more.
It's just one thing?
Not in a bad way.
It just adds more while they're still
trying to process these three new environments.
It's like, OK, these are different components.
How do these even connect?
But it won't be a separate one, right?
Like, I mean, when Teslink comes out,
it will already be one rollup.
It'll be all connected together.
It will be already one rollup with Ethrolink,
the canonical rollup.
And those two will be the first two environments
in the rollup.
So it won't be like a separate roll-up users don't care about any of
this the users just care about like what is an experience to them they're coming into it from
the outside no it's like that's otherwise it just continues yeah so i 100 agree that they don't care
whether like okay if you not only that but like their, their journey and understanding it,
it doesn't come in the beginning that comes at the very end because from their
perspective,
if you take,
if you take a picture of the Ford Fiesta from something like 2004 and you take
a picture of the Ford Fiesta from 2008,
they look very similar outside you lift the bonnet
i think they moved the washer fluid from the left to the right but no one cares they care about the
car and the experience they get i totally get that right so and the so sometimes i think when
like say the entry-level framing of it, when they're just finding out, it could raise questions that maybe trigger other areas that otherwise they wouldn't even think in their journey.
So it takes from what would be like, okay, I can get this, red, blue, yellow, got it.
okay i can get this red blue yellow got it it's like yeah but you also have to understand how you
can these things would blend and then what comes together after that and then what non-chromatic
neutrals and it's like because these things are all connected um they just kind of like
get overwhelmed and shut down it's like but but you know we're not taken away from yeah but
there's still those three you know red blue and yellow but it's like they need to process that in
their own level so it actually even by uncomplicating it by referring to this model that
is a unifying thing we're actually making it more complicated in a way that's you know kind of gets
away from us because Because it's actually...
This is the moment when they need to have it actually assorted
into different separations of concern.
That way they can start to group those clusters in their mind.
I don't know about that.
I don't know about that.
Why are we...
Because in my opinion,
I'm watching at the end goal, right?
And for the user,
I totally agree that it gets more confusing
with all these new things.
But the goal is to make it for the user
so he doesn't even have to think about if he's using Etherlink
or Tezlink or Justice or whatever.
And if, for example, the tooling is developed from the wallets,
from the infrastructure and everything where
you just open your KuKai wallet and you can interact with a project on Etherlink and with
a project on Tezlink and you don't know that there are different runtimes for the user.
This should be better, better user experience, normal user experience. It wouldn't be that
complicated, right?
Now, how that will be done, I don't know yet, obviously.
But I think that's the goal that they are aiming for.
Right, but the point of issue for them from the user perspective then is that you're going to be able to interact with all this stuff together.
Seamless.
That's it.
The other stuff just adds so much more abstraction.
Because they need to allow like you need so also i mean it could even go farther where someone even gets um a
disproportionate feeling of like well what's actually of the most value there whereas if i
think of them as separate instances, like separate areas of concern.
I think, wow, so the stuff I see, all this great stuff happening here for Etherlink gaming, oh, I could imagine maybe that going into whatever the fuck with JavaScript stuff going on on Justice.
Or I can see just collectively everything going on Etherlink.
I can see stuff on Teslink and Justice and all of that. It gives it its own right of identity, and in that way it's allowed to flourish and have imagination.
in exchange for a desire to show this additional layer of abstraction that says this will all come
together. Some things it's like, yeah, it's a remarkable achievement, but also the users don't
need to know that, but they don't care because there's a lot of shit that goes on under the
hood of what we do and the stuff that integrates actually. Think of all the accounts you've had
that have integrated. They didn't like take you to like this narrative that talked about all these sort of um underlying
structures they just let it be integrated and and then you you got it in in point you know so
so everything i did everything kevin says is absolutely 100 valid um but we've got a guy in france thinking about
these problems and he's thinking about the user experience so i'm just one guy one guy in his team
okay so so he's ream he listen we're we're a small we're a small team you know you know people
think we're massive we're not you know in in france we've got about 100 people tops uh i think
in london we've got 80 people in trillotech so you know one person can really make a difference
and and he's thinking about these themes. So I'm feeling positive.
Yeah, that's their focus, though, right? Yeah, absolutely. It's all about how do we get this?
How do we get from A to B? And also, we're going to have to go through C, D, E, F to get there.
And that's the real worry. I think that's why people are worried is how do we get from here to here yeah it's a lot of setup a lot of setup we don't have the answers right now so it's logical
you know that those questions will rise up but uh personally i think that they'll figure out the way
they've done it before they've done it like they were trying to figure out how the smart rollups
would be would work in the beginning,
then they figured out a way to make it, you know.
If it does something for people, people will put it into work, you know.
Yeah.
That's what it's about.
And it's, you know, the one thing I encourage the most is, like, public conversations about it
and using maybe Agora for that purpose too and more spaces and things because
like it it takes a village yeah uh so but really in Tezos I mean ideas should be effectively
crowdsourced and what better place or people to help crowdsource the the ideas but those that are actually using it and have their experience and all of that to share.
So yeah, we'll get there.
With that, we also have the upgrade proposal
on the layer one going through governance right now.
So how do you pronounce it in English?
Seoul?
Seoul.
I'm a Seoul man.
I'm sure in Korean they say it.
In America we say Seoul.
In Greek we say Seoul.
Yeah.
But yeah, it looks like it's going through the proposal period now.
And so... If you are a Korean person and you want to correct the pronunciation,
feel free to come up.
I can ask my brother's girlfriend.
She's Korean.
What's in this next proposal again?
I forgot. what's in this next proposal again i forgot so from what i saw there will be multi-sig native accounts like you know like oh that would be useful it will be for tz4 addresses and
probably wow yeah they're refining a bunch of stuff around you know at the stations and so
and things you know we could have used that we could have used that for tescon
like it's kind of funny six well it's just like like sometimes i'd be asking and this has
happened multiple times or like be like man i wish we had this thing for, you know,
and then like a month later, you guys actually do it. You know?
In September, you can use it for Tezcon if it gets accepted.
Yeah, yeah, no.
Multi-sig native wallets, that sounds great.
Yeah, there are already ways.
Everybody needs this everywhere.
I'm surprised it's not an RVS thing.
There are already tools to make multi-sig wallets, but as smart contracts.
It's hard.
It's not intuitive.
It's not really.
It's not really that hard.
Wow.
But Native obviously will be much better
with a TZ4.
All right.
Also, about the
staking,
another feature that they're introducing
is that
when you unstake now, you have to wait
four cycles, and then you have
to manually finalize
the unstaking, and then you have to finalize, manually finalize the unstaking and then your
test becomes liquid, right?
Right.
So what they're going to do with this new upgrade, if it goes through, is that once
the four days pass, anyone will be able to finalize your unstake.
So you don't even have to think about it.
And probably they could set up a bot to scan the network.
And whenever there is some stake to be finalized,
it will finalize it for you.
So it will make it like a better user experience.
You won't have to think about it.
I think someone will set up a bot to do that and to unfinalize.
Yeah.
I'm fairly certain. Why would you not? I don't know. set up a bot to do that and to unfinalize. Yeah.
I'm fairly certain.
Why would you not?
Right.
Like, I don't know.
Yeah.
Okay.
It is a step. I think eventually they want to automate it on the protocol level,
but because that was requested and they like figure out a way to do it now
quickly, I think.
Yeah. It's quite a, it's quite a difficult problem to solve, actually.
And someone had a good idea, and they went off and did it.
Yeah.
Yeah, I think I remember that being weird.
Feeling weird, you know?
Kind of like, oh, I'm going to get my money back.
Do you want your money back?
Yes.
You know, there's a button.
Yeah, we actually ran it.
So when we did TezX, we had our...
So when we had our run with TezX,
the interchain bridge, the atomic swaps,
and like, so we had that running through 2021, 2022.
We can bring it back.
But anyway, it had a similar situation in which people would complete the transaction.
And then the last thing they needed to do
was sign this one signature
that would get the money in their their account like to pull it into to
their account and so many times they it wouldn't just be like they'd forget some like so they'd
forget to do it like maybe their power went out or something but it was also important that that
happened within you know x amount of time because otherwise that money would be reversed back to the sender and that would be an issue so what so what we ended up doing is we just wrote a bot
that would go around looking for unsigned or like on like redeemed amounts
and just doing it for them yeah and that so yeah a little what do we call it
redeemer bot or something I don't know what the fuck but yeah so we did that and Yeah, and that, so yeah, a little, what do we call it?
Redeemer bot or something?
I don't know, whatever the fuck.
But yeah, so we did that, and yeah, it worked out.
That worked out well.
Yeah, I understand.
It's a simple solution to it. I understand why it's there, you know, because sometimes there is a thing, right?
Like, you have to give consent.
Honestly, that finalized transactions that you have to do
is like that
you know the pop-up
that comes when you want to
exit a web page
or something
and it says
are you sure you want to exit
yes or no
but this one is without
a no button
it's only yes
because you have to
finalize anyway
are you saying
it's like the paper clip
on word
clippy it's got a name what happens if you don't finalize it it's delegated just stays there and
uh it says they're delegated okay okay yeah it's not part of the state bond you have to finalize it
You have to finalize it.
All right.
What else do we have, guys?
We do have...
What about all these people?
They're tweeting.
I could tell you about the power of a coffee, if you want.
About what?
The power of having a coffee with someone.
Yeah, sure.
Go ahead. the power of having a coffee with someone yeah sure you're ahead well i mean if you want to hear
this it's quite a relatively interesting story back in december i was at a comedy show uh watching
a guy who's a comedian and he's also a bitcoin author and he apparently you wrote the first book
on bitcoin um i think that's tenuous i think he's one of the first people to write a book on Bitcoin. I think that's tenuous. I think he's one of the first people to
write a book on Bitcoin. And I tried to get a call with him for about five months
to talk about our chain. And in May, I met him and we sat there for 45 minutes talking about our
chain. And at the end of the call he said to me well
i've got this project i'm working on it's a play um
i don't know how to i don't know what the next step of this play is and it just so happens i
know a couple of people that can do that stuff i put them together and uh now i've got a side business which i own very
small amount and uh we're going to do a production and so my message to everyone on this call is when
you know when you get the opportunity to meet someone have a call put people together just get
it done because really good things happen and that's's also the case on Tezos too, right?
If you know someone that's got a project or an idea,
they need some help with something,
and you know someone else that can help,
just put them together.
Get it going.
That was my little story.
No, it's very true.
It's a good story.
Good lesson, too.
Keep that head on swivel.
Opportunity doesn't knock often.
You can't just put up, what is it, success decoys in the front yard
and just shows up and you shoot it.
It doesn't work that way for you hunting people out there.
Success decoys.
Yeah, that's it.
Yeah.
It could be a while, but I like the metaphor.
Yeah.
Yeah. Yeah.
Yeah.
Sitting up in your little camouflage tent in the tree with your success decoys out there
waiting for it to walk by so you can shoot it.
It doesn't work that way.
Look, I got that.
It showed up on my front door just like it always does
and in person matters so much like it always did because especially because of i think there's like this unconscious level of uh you know, wanting,
like everywhere suspicious of AI, everything's AI. Yeah, you are an AI.
Pretty good.
I know you're not if I'm in front of you in person.
Well, Kevin.
That's the qualifier now.
Kevin, you know me quite well, but, you know,
if I want to get something really done,
I will pick the phone up and talk to someone.
And you get more done that way. You talk to people, you get stuff done. And we should all do one. I've found it with
certain people, like Zoom, like a video call is better. And for certain people like it they can only do an audio call but when they're
on audio call they are laser focused on you but if you do get them on camera they're distracted
by a million things and they feel like you know yeah you know there's a lot to it doesn't matter
because you gotta worry about like you know oh am i wearing pants right now like yeah you worry about things
just we're so used to it we're so conditioned to uh to like if you are doing a zoom thing well you
could just like leave that on and then do your stuff and they're doing it too and so like when
you actually focus sorry mate technical question at this point, Ryan. Are you wearing pants?
I am right now, unfortunately.
So it's just a vibe thing, you know?
Like, it feels weird if you're not wearing pants,
even if they can't see you.
Are they short pants?
Are they like capris?
I have these pair of long pants
that are...
They're long, but they're
stretchy and very comfortable,
but they also look kind of jeans-like.
I like them very much.
So you're wearing jeggings?
Yeah, I've got it from
Japan.
They're Japanese.
Sorry, just to cut in here.
Obviously, in the United Kingdom of Great Britain and Northern Ireland,
pants obviously means underwear and not trousers as it does in America.
So I have to adjust to your American language.
Oh, that's even better.
I think.
Or maybe not.
I don't know.
Wow, stretchy pants. has a whole new meaning
you are wearing them you are wearing them but i think i think yeah regardless though uh because
you know i'm a musician i actually prefer like phone calls of our video calls but sorry i i
told you about to say i'm a musician I prefer going commando but that's just my
yeah
I'm a little
depends on the genre
I'm sure
like Mark has a different take on it
but yeah I don't know
but it's like when you're talking to someone
in real time you know
even if it's just voice it tells a lot about that person right it's like when you're talking to someone in real time, you know, even if it's just voice, it tells a lot about that person, right?
It's harder to fake for one.
But like written emails and texts can be very dangerous.
They're fine.
Because, yeah, you know, the meaning can go all kinds of different ways.
And so.
All right.
Well, I can definitely feel the conversation starting to drag.
Does anybody else have anything that they've got to add?
Anything they're working on?
Anything? Because Ryan had an announcement
like an hour after he got on stage.
Maybe you guys have an announcement you want to make
now that you've been up here for
an hour.
We're going to start
meeting in Seattle
August 10th
3pm Pacific Time at Easy Streets Records.
Thank you, Fendo, for sending that out for us.
So if you happen to be in the area, you know, come on by.
We're going to do this once a month.
So we also will be live streaming it.
If I can figure out this thing, my live streaming it. If I can figure out this thing,
my live streaming device.
I just brought a laptop.
He's got this fancy machine.
Yeah, but it should be live stream.
I'm going to try to get a live stream on here, of course.
Welcome to the stage, Mr. Fendel.
Mr. Mark Fendel, how are you, sir you sir good how are you guys doing hey man hey it's just been a pleasure listening to the conversation while i've been
working all afternoon but but uh what ryan is wearing trousers pants knickers whatever you got i am wearing clothes right now for the record
you know you really got me questioning it at this point i feel like you're so concerned with
making sure we know what clothes you're wearing maybe you aren't actually wearing clothes
oh maybe yeah it's a diversion uh you're on to me
blangs what are you working on these days uh just trying to wrap my head around what's going on to me.
Blangs, what are you working on these days?
Just trying to wrap my head around what's going on
with Etherlink. I got the Reaper
actual thing, begging people for alpha
access, although I don't know how possible
that's going to be.
Kind of in the background,
eavesdropping on what's going on up in
Seattle. A lot
of fun stuff. And then, you know, in the
personal life, we're moving. And so we haven't moved in like seven years. So, you know, seven
years of accumulation is overwhelming to think about. And so I just don't think about it and I
don't and I just procrastinate more and I feel better. And that's kind of how I deal with it.
I don't recommend anyone else, you know, especially when it comes to a big life-changing thing
like moving, resort to procrastinating
and ignoring things.
I can remain ignorant and I'll be fine.
That's kind of how I feel.
You only have a whole family to work with.
Yeah, I just have my whole family.
I think we'll be okay.
It'll just happen on its own.
Yeah, you guys will be fine.
It's like that basket in the bedroom where I put my dirty clothes
and magically they end up folded on the end of the bed the next day.
I don't know how it happens.
I'm not really sure.
A laundry fairy.
I don't really believe in fairies, so I don't know.
But it might be paranormal.
It might be like a rift, a dimensional rift maybe.
And then, of course, there's also that table.
I just leave things on it, and magically it clears itself. And sometimes, you know, and I've let it go for a long time.
Like, really, like, just see how long it takes.
And eventually it just magically cleans itself.
It is the weirdest thing.
It is wild.
I don't get it.
It's magic.
Someday I'll tell my wife about it,
but right now it's kind of my secret between us and you and me.
Okay.
Okay.
Wow.
It's you and me in the table.
Yeah.
And that basket,
that magic interdimensional basket.
Magic is great.
Magic is great.
Bill Knight.
Welcome.
Welcome.
Hey, what's clicking the puck?
The lotion in the basket.
Hey, everybody.
I am very excited to announce a collaboration with Bendel and WW Ryan in Russia.
And I'm very excited about it.
Hang on a minute. Let me turn it on so turn on see see it my phone's blowing up anyways uh no uh yeah hey uh happy birthday chris uh you mentioned some
of you guys weren't born and and you know i felt kind of reflecting on that comment and i was born
in 1964 may 30th so I just turned 61.
So I'm older than a buckskin rubber, folks, but that's okay.
But I'll tell you what, man, I'm working on another collaboration with Para on a piece that I called Combustion.
And it's on a new medium it's on a flat black panel
you know it's not on stretch canvas so the black canvas is treated and it's
just a panel and yeah it's pretty exciting I bought it by accident and
it's going to return it but I thought thought, man, it's very cost effective.
So I'm giving it a whirl.
And that is what's going on over here.
Great to see you all.
And yeah, man, living the dream.
I'll tell you, you know, it's great.
And, you know, with the, you know, president and crypto and all that.
See, I live in I live in government housing.
OK, so I have to report every dime.
OK, which is fine.
And I try to report every dime back in September 14th, 2021, when I made my first drop.
And they looked at me like I had three heads
and walked away. So it's kind of interesting now that, you know, how do I say it? This government
entity where I live, which I am totally grateful for, is forced now, eventually eventually to recognize my income as a digital artist. And I've had my, I have my
current city of Seattle business license for 2025. I've told them that. And you know what the
comment is I received? We don't care, Bill. Now, you know how that makes a guy feel who struggled to get to this point to get his
business license to get from the skid row of seattle on you know in the fucking bush
to becoming a person part of this community who is now in a one bedroom on the highest point
fucking city of fucking seattle and thank you blings for driving me up here. And you know,
and then I turn around and every time I tell them about crypto, they just,
you know, and I'm, when I mentioned Twitter or X, it just total shut down,
but you know what? It's fascinating now because, you know,
it's a whole different game, you know, and,
and I've been in the game a while and I love it and the community is amazing. But, you know, I don't know. I just try. I'm an honest
guy. Right. And I try and report and do the right thing. And when I told him I made five hundred and
seventy five dollars in my first 90 days of my cryptocurrency with Tezos and my journey with Hickick Dunk,
they just, the person who I report to said, oh, that's great. I'm glad you're doing well and
walked away and discounted me. But that's okay now because, you know, I'm not concerned about it because I know what's going on.
And I know, you know, as enough as I need to know what's going on, because all I'm doing, like right now, I'm starting another painting.
And this is on a 16 inch by 20 inch treated black canvas that's on stretched canvas.
Well, Bill, he can't possibly disregard you because he
has no idea what's going on.
And if you don't have any clue what's going
on, you disregard everything
because you just live in a world of disregarding
reality.
Well, it's a she.
I default to he because I'm a he
and I say he, but she
just then disregards reality. And that's
okay. They don't have to accept you in order to live with you on this same earth.
But we accept you, Bill.
We love you, Bill.
We appreciate you, man.
Also, that's why you have an upside.
It's because most people aren't going to get it.
It takes time.
Because from the beginning
of it, that's what you get.
And I was going to say that
if you look at it
at an outsider's perspective,
some of the stuff that are
happening in the crypto space
just look ludicrous.
They are insane.
I mean, it is.
I remember in the early...
I remember, for example,
you know, airdrops and stuff.
If you go and tell somebody,
hey, I just got airdrop 5K or 4K,
out of nowhere,
they're going to tell you,
yeah, right,
what kind of scam are you in?
There have been so many things
The biggest scam.
that's an outsider.
It's called life.
Yeah.
Honestly, when I started with crypto,
I just couldn't talk with people in real life about
it because those were exactly my thoughts when did you start when did you start 2020 it wasn't that
early okay okay yeah 2020 but i got in like when did i, with a COVID crash. So after a few months, you know, it was a rebound and everything.
And I was doing well in my first months.
And I just, I talked to a bunch of friends and they were like, okay,
the ones that were close to me, they got interested.
But to others, outsiders, it would look crazy, you know, talking about.
It was even, because i was there
even before right like from yeah to 2013 and whatever but yeah in the earlier earlier crypto
days it was like people you couldn't even really talk about it because there's no place to even
start right it's like uh the concept of the blockchain which is
like not in people's minds so i would just like not talk about it right like even when i was like
making money i was just like uh yeah i called it magic internet money that's what i call it
it's a machine that solves sudokus and then you can trade that for heroin? Yeah, and then the machines kind of fight each other in a math.
Yeah, but I get points that I can trade for heroin?
And then that's how you buy your pizza.
But now you have more specific use cases that you can talk about.
Like minty Cart.
It's a totally different thing than saying, you know.
But we're in a dangerous time now because, like,
there's a lot of people out there who think they know what they're talking about.
Yeah.
But don't, right?
Those people have always thought they know what they're talking about, Ryan.
I know. They're talking about, Ryan.
I know.
They're the same everywhere, right?
That's just their way of being.
I don't know if we're in any more dangerous of a time than we were before, just because now we know they don't.
All I'm saying is, you know, in the earlier days, people were more,
I don't know if this is the way to call it but like you know if if
you didn't know you didn't know because there was no reason to right like who cares if you
don't crypto right and the learning curve was totally different as well back then even like
opening a wallet was uh you had to put much more effort back then, you know?
Yeah, yeah.
There were no...
I mean, if you go far enough back, there were no exchanges, right?
So how would you even...
That's also part of what made it kind of tribal,
which was something I hadn't seen in all my years in crypto before that early NFT. But it wasn't the fault of the nft stuff at all it was
just a fact it was actually a good problem to have because it meant that we were having communities
based on these blockchain systems for the first time yeah the friction kept the i mean if you
believed in crypto back then you had to really put in the work, right? Oh, yeah.
Because before that, it was just trading.
And so people didn't, like, you'd get really passionate about a coin and be like, yeah, man, this is the future and everything.
And then you'd, like, make your sale and move on.
And then, like, oh, that thing sucked.
Forget about that.
Then you move on to the next thing.
And so people were a lot less, like uh say dogmatic about any one thing
like have a true like ecosystem because because it wasn't personal because that's not what crypto
was back then crypto was just like these coins on a screen it was this giant casino it wasn't
like it was a dimensional difference but like when it it became web three and I have a community of people and you
can do all this social shit and you know,
that's when it became like more toxic.
Well,
well,
it's a double edged sword.
It's a double edged sword.
You do get the toxicity,
but you also get,
and you get people who are,
you get all the wonder of the community that we all know and love.
But, but it's kind of like,
I think there were more awareness in the earlier days that it was,
this was a big experiment and people didn't take themselves as seriously,
you know?
Yeah.
But once you're,
once you're like using a familiar set of tools,
whether it's like these wallets and this currency or whatever,
well,
that's kind of a language in itself.
And,
and literally even the terms you're using are unique to other people who do that.
So that's how we kind of collected in these. And people felt very protective of like maintaining
a lot of times the, you know, the purity of the tribe members towards their one thing. So they
would say, oh, don't go over to that chain. that chain no what are you doing don't you know it's this reason this thing that thing the other and they
would say very generalist kind of things that they didn't even know what they were saying
like they take things that were actually our strengths and they'd say oh they don't even have
that uh some things are still the same yeah it was the same there there were there were maxis
back then too right no they're always that there were always going to be extremes
but that's one of the things that we encountered
yeah
I think that there were some
actually there were different ideals
back then you know other things were important
back then that are not that
important now in the space
just the basics you know like
even decentralization like I know it's not a non-off
thing but uh the amount of centralization they would accept back then was much much much lower
you know they would pull out any chain that would start out centralized that where yeah they would
have they would have like a big portion of the supply and stuff.
So they were fighting those chains because they really, I think,
valued these ideals back then.
Now we have pumped our fun.
Yeah.
Oh, man.
Yeah, Ethereum Classic, right?
And if you look into that whole thing, that's a whole, I mean, yeah.
Even then, we didn't have apps for really for ethereum classic era so it was like that's why that hard fork was
pretty despite being a contentious hard fork and it would have been like a disaster today of
like epic proportions um but it was more clean because it was like oh i get an additional kind
of currency that people are trading.
You can still have your Ethereum Classic.
Yeah, that was weird when it split and I'm like, oh, now you have coins in two different worlds.
And I'm like, what?
But if you're NFT, I mean, if you're artwork, right?
You have a one of one.
It's not really a one of one anymore.
Because you can buy
still like the proof of work board apes or whatever like people sell that and
it's like yeah it you can't argue that this is not a true because this is how
it was minted it was on this chain and yeah you know that kind of so it's all
subjective because it's so abstract and intangible. Oh man.
I feel so old now,
you know, talking like this,
I was like,
back in my day.
Yeah.
but I was so,
I was taken off guard back then.
It wasn't that long ago.
Honestly,
it wasn't that long ago.
Right.
Like when I was introducing like a Tezos in clubhouse back in March,
you,
you,
you've been here forever.
Right.
Right.
But when I was doing it,
like what took me really off guard,
because it was, I was breaking these new grounds, it was like they like what you're tribal about this like you're protective of a thing like it was the kinds of reactions they had that was just like
so driven by emotion and i'm like wait why are they getting like this i don't understand because
all my conversations through them and it's just about like no this is a different tool you want to use oh this this is going to save you money in time holy shit it's
like how could you not want that it was just like they took this sense of identity in that and like
they clustered a community around that thing which i on part of it was like cool and because i was
also seeing it start to form like in in much ways by like, oh, so like these few people in this thread, that'll become a bigger group.
And those will just be everywhere, which ended up becoming a thing.
But you guys have no idea how small it was in Tesla's before that.
Well, I think you bring up an interesting topic because, you know, this kind of to uh what we've been talking about like oh how do
you know we're trying to do like outreach and trying to like reach out to normal people right
and then like so maybe it helps to like go back and think about like what started this whole
storm to begin with right why did people get so like uh sucked in right to this uh technology but i feel like at the fundamental
level right um like the blockchain is this sacred object that exists uh in this world where
everything's changing right like i feel like like the ledger was like
right it's this unchanging sacred object that is like beyond immutable yeah immutable right
exactly right and it's like it's almost a spiritual kind of like um divine thing right
and you know some people who get who go who get that way right when they talk about
the blockchain so yeah yeah people and also very intense about it right yeah yeah there's so many
dimensions as to like even even when you talk about what governs uh the chain like there are
many different ways of looking at it that I hear people talk
about. One, we know like the official formal thing, it's like, oh, well, it's this network
of bakers that are all over the world that govern the chain. And then, but like, there are these
kind of other types of influences. And the fact that there are so many is what I think makes it
strong. It's like, well well isn't it in the developers
whose you know hands and mind you know code this thing um and it's like or well is it maybe their
teams or the organizations they're around them it's like oh well isn't it maybe the power is
actually where the worthy well let me so so or to the foundation and then it's like okay well maybe
it's not that maybe.
And it's like, well, maybe it's actually the people who, who like talk about their needs.
Maybe it's these partners that come along that are looking for certain capabilities.
And the fact that like, you can't really pinpoint it.
And sometimes it feels like it's situational.
Like that's, I think what we were all going for for, to get to a point where you can't, if it's like, no, it's 100% all power, it's all just completely in one individual, one baker, let's say, you know, and then they make the upgrades and they decide everything and it's know like the ability to uh fire that into the network um
that like they would have the power we don't have that in tesla so it is um spread amongst yeah
because i remember back when bitcoin people used to argue with the ethereum people and they
basically said that smart contracts was a mistake you know
like hey we have it oh yeah it's a great great store of value it uh does that one thing very
well don't it up you know and uh and that still continues to this day I would argue you know like
and so I don't know but but, but it, regardless of like,
what you think about that, I think it's helpful to like, know, you know, for a lot of people,
it's not just the tech, it's not just, you know, it's really like, it hits something very deep,
right? Like, like some consistency in this world, i can always count on the blockchain being there
for me right uh yeah that is the other thing for the other the first people to be tribal though
have been actually bitcoiners because like you're the first ones to have something and there is yeah
and and it but there's a common thread it's like there's something you feel the need to protect
yeah it's like a monolith you know it's're monolith you know and so like they they will say on and on about how
they believe like all these altcoins they're all shit coins and all this stuff and it's like
okay sure fine but if you really are so confident in that why do you care anyway
and it's it comes down to when like their co-worker comes up to them and says, hey, you know about this crypto stuff, right?
I don't know.
Should I buy Bitcoin or someone told me that Fartcoin is really good?
Which one should I get?
That drives them insane.
They hate getting – that's an exaggeration, but that's like not really.
People get questions like that so they see but but it's also like when they see a marketplace to buy bitcoin also has these
other things that's a version of that or people on tv talking about these coins that are not bitcoin
they just see that as share being taken away from what would be otherwise the clean upward trajectory of Bitcoin, not as for what it is,
which is it's actually expanding the market and helping it benefit from that.
They're in the scarcity mindset,
which is,
you know,
very fitting for a deeply,
you know,
like it.
What's up,
brother?
It's been a minute.
How have you been,
sir?
I haven't talked to you in months. How are you?
Yes, yes, yes. I mean, I'm very happy with Tezos, you know. And you know what? I mean, five days ago, I just wake up, you know, and I was in my office and then I i said what i'm gonna do today and i said decided to buy
like 300 000 worth of teasers so i had i had only 100 i had like 100 000 teasers and then i said
i bought yes i want three i want 300 000 teasers more and then i after start to pump and pump and and I'm really happy with what
Tezos is doing you know and it's it's I think Tezos you know I've been even yesterday talking
to Grok for and we I had the discussion with Grok regarding uh Te. Even Grok is bullish on Tezos and Etherlink and the game and tokenization
like Uranium and this. I think what Tezos, a lot of people thought that Tezos is dead, but actually
what Tezos does, they were building secretly and I think they bring a nice final product and
They bring also nice shots with Etherlink and this is with it gonna bring a lot of a lot of a lot of liquidity
from from ethereum from all EVM sidechain
That's that's very good and the gaming
Raper they kill it with this part you know you're gonna play with us
Ramos you're gonna come try to
raid the base you're gonna come defend it
you know
listen I did my best
I did my best I did my best
the last four years
I was fighting for the XRP army
and this right now they got
what they want now I want to be
full in Tezos I have my studio ready uh better the very nice studio for podcast and and I I'm in
Tezos I love the fucking art that people are doing you know the things that I love about Tezos
the deaths are not like the other deaths you see in Solana or maybe you see on the xrpl or you see
other projects because i see the other deaths on the other chains like gold diggers they just want
to extract liquidity from people they don't care but what's this is it's creation it's art uh it's It's real. I think one of the most interesting
blockchain I think is Tezos. I think I you know I I know I'm super fucking bullish on Tezos and I've been bullish since like
four years
But I think this year this bull run it's for Tezos and i'm i'm i think like this could go to uh 20 billion easy i mean with the
shot of etherlink and the gaming uh this i'm very sad that a lot of people don't know what's happening
on um or what's happening with tezos regarding smart contract regarding etherlink some people
retails that we need them to jump in on Tezos.
They are maybe stuck in some Bitcoin.
People don't have knowledge.
I'd be happy to participate so we can let people know more about Tezos.
I'm super fucking bullish.
Love it.
And thanks for the Tezos community.
And I think the most decentralized blockchain for right now, I think it's Tezos.
Let's say Bitcoin right now, it's centralized.
Look what's happening with like micro strategies
and institution control on it.
XRP, it's also like centralized now by Ripple
and by institution as well.
Ada, I don't, also it's centralized.
Excellent, the same thing.
And also Solana, I see it as, for me personally,
I'm not disrespecting no one.
I see Solana as a scam project to extract liquidity
from the ecosystem.
And Ethereum, I see it just as a language
for developers, and I see it
as a source of liquidity.
But Tezos is the fucking future.
That's all.
Well, Shramo, man.
Appreciate the energy, brother.
God, you go
out, you run around
the cryptosphere for a few
months, you come back, and you're like screaming love.
You know, I told you I'm bullish.
Do you remember?
Yeah.
Oh, yeah.
Well, you know, you sound like you're home again, buddy.
Welcome back, Schwamos.
Thank you, brother.
Yeah, brother.
Yeah.
Well, you know, I'm going to go ahead and call it on that high note.
I mean, that's great energy.
That's where we need to be.
That's what we need to be.
I think we need to be thinking about the kickstack.
Yeah, a lot of people think a lot of people think Tezos is dead.
This is why I hear some people, they don't know what the fuck they are talking about.
They talk only about price.
I say, I comment somebody on his YouTube channel, bro. This is why I hear some people, they don't know what the fuck they are talking about. They talk only about price.
I say, I comment somebody on his YouTube channel, bro.
You don't know what this is.
You haven't even mentioned Etherlink.
You haven't even mentioned what they're doing in Web3, how many validators they have,
how the system can upgrade itself.
I said, people stupid.
I mean, this is what I'm mad sometimes on X because people talk only about price they don't talk about the tech so for them the value of the tech is the price if
it's up you know meme coins right now they can manipulate the price show at like a billion or
two billion like what's happened pump down fund and then they dump it on the retail but i mean this is it's a real utility project and and i think i think
like even the falter uh after they're working on the shadow like especially when i see him
last time um being participating on the white house when why trump was signing the genus act
well and let's not forget that i mean i mean Tezos were working secretly, and they were even coordinating with law enforcement like the SEC.
They settled the SEC lawsuit on the early stage to avoid problems.
And actually, what they did, it's great, and Etherlink is something great. I'm calling everybody who is not involved in Tezos, who doesn't know what's happening in Etherlink
and what's happening also in the NFT market.
Let's talk about ART tokenization.
He's just a POS, a piece of shit.
So he's a loser, and he's going to miss a lot of things.
I'm endorsing A thousand percent
Tezos
It's the fucking future
I mean
Tezos is the only project
That you don't see like fucking
Scammy coins or minkins
People are working there for utility
This is
What is Tezos
You know
This is what Tezos It Yeah, you know, but you know, this is what this is. It's only
Don't all along he just had some stuff to do somewhere else for a little bit
Schwammel spin around he knows he just he feels I think now is the time to start screaming it before if we screamed it
He looked like a crazy man. I agree. Welcome
back, brother. It's been too long, man.
I miss the energy. Thank you, brother.
Nice to meet you. I'll follow you for sure.
Now, before we
wrap up, don't forget to
check out the baking sheet for weekly
Tezos news that actually matters
at bakingsheet.tezoscomments.org
and if you see someone
building or helping out, nominate them attezoscommons.org. And if you see someone building or helping out,
nominate them at tezoscommons.org slash rewards.
Tag their post with hashtag TezosCRP
or add a category so the people doing the real work
get the credit they deserve.
June CRP rewards have been
announced. They are out, I believe, as of
today. So we will
announce the official winners and everything
have been announced. So keep your
eyes posted for that.
Otherwise, that's going to do it.
Oh, what's that?
I just said congrats to
Ryan.
Congratulations, Ryan.
And Fendel.
Thank you. Thank, congratulations Ryan. And Fendel. Oh, I saw it. Thank you.
Thank you very much. Thank you
so much. Well done.
Well, that's going to do it for episode
139 of Tuesday.
Tez, 139 of these
things. Insane. Thanks to
everyone who came up and shared
tonight. It is always good hearing
directly from the people building and experimenting.
Hey, bro, are you bullish also on Tezos?
Am I bullish on Tezos?
I have gone nowhere, Schwamo.
What do you think?
Are you for scuba?
I have been here the whole time.
I never left.
How do you think I feel?
Do you believe that this will run for Tezos?
I believe that we are
like bamboo.
And bamboo is funny.
Because bamboo for
four years will grow and grow and
grow its root structure. And then in six
months, it'll grow
12 feet overnight.
Now you tell me,
did it take four years for that to
happen or did it take
that overnight moment?
We're building
something much bigger than most people
understand here.
Yeah, bro, when I see like
Ubisoft is the validator on Tezos,
bro.
We have other validators
too. We have an actual institutional validator
on Etherlink in the form of Xion.
So just know that, yeah, yeah, there's institutions.
We only need one, right?
You only need one to keep us honest, and we have one already.
So just keep that in mind.
But anyway.
Oh, too dark, man.
We're here every Tuesday at 8 p.m utc until next time stay curious stay connected and we will
catch you next time thanks for joining everyone i'm gonna be with you inshallah i love it thank
you bro next week thank you brother see you next week Thank you.
