Web3 & Chill

Recorded: Dec. 12, 2022 Duration: 0:56:10

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Greetings, Ben. How do you do, Ben? We're waiting on Polaris to join us as cohost and there he is. Howdy, large nuts, one time no see.
Again, we are waiting on Polaris. We're going to give them a couple minutes to show up.
that can it just.
If anybody has anything that would like to say feel free to request to come up and speak and we can talk while we start up the thing. We'd for the homey to get up and co-host. I think on the agenda today we don't have a lot going on. We're just going to discuss some of the things that have been happening in the Web 3 community lately.
of the ontology side of things and I would like to circle back to that question we left on last time. She is how do we reward good behavior? Because currently we reward the bad. The more weird things that you post that are negative or conspiratorial questions, the more
attention you will get. And the more car accidents there are on the news, the more people watch it. Yada yada yada. I think that that's something fundamentally that can be automatically solved by blockchain technology and reputation. And I'm looking forward to discussing
that more because I don't think that anybody has the answer to this problem yet. I think it's really something that is not a bit barely been asked. Really? Like as a civilization or as a culture. So again if any of you want to get up and shoot the proverbial breeze, you're welcome to. What a first.
First you better get up here hang out. Invit- I mean you don't have to. You're welcome to if you want. Outside of that, fun stuff in the NFT world this week. It seems that NFTs are having a bit of a bull run on their own somehow. Not a bull run necessarily, but
a revival, an accumulation maybe, we'll say. I really thought that with crypto diving to, hey, what up first? I thought that with crypto diving from wherever it was, you know, Bitcoin of 30,000 down to Bitcoin, 17,000 and then touching, what was it? 14 for a couple of days? It was just looking pretty hairy for a bit.
I figured that since those volatile assets were being liquidated, all the volatile assets that are NFTs that are also salable for those volatile assets would be doubly so. And it turns out that they were for like three days. And then everybody kind of got back on. Honestly, I think a lot of people lost
They had loans out on a Polaris here we go bring you up a new no-momentole Hey, what's up first? I'm good. How you doing great?
That's cool. How has your week been even raised just started? Yeah, it's been real busy. As usual, it's been a good one. Something I've struggled with this. We're not struggling with. I've had to overcome this week is that Adderall doesn't exist anymore. And no one was told who has prescribed Adderall until they went to go fill it.
when they had their last pill. So I walked into the pharmacy with one pill and they were like, "Okay, it's not here and we don't know when it's coming back." And I said, "Well, I guess I just don't take Adder anymore." So I think that maybe something I should have done anyway, because I don't like being beholden to drugs or anything.
any sort of prescriptions of any sort, substances, let's say. But now I got to get off it. So I'm down to a third of my dose two days later. And the ledge has not been quite as bad as I thought it was going to be. I thought it was going to be incapable of doing anything. But it turns out I'm like, I'm fine. If anything, I'm just like more relaxed, which is
totally okay with me. It's a polarity. GMG to the M. Sorry guys, I'm late. I had a phone call and it's just been a busy weekend. Got like some family weddings to arrange my youngest brother and younger sister are getting married. So
I've been busy busy busy. So yeah, how's things with everyone and that's good bro. I mean slowly slowly getting your body used to things drink drink lots of water and lots of fruits. They'll help clean the body up as well as your body can't like it's used to tell you better believe it. I've been doing that. I'm looking forward to seeing what I'm really
I don't know if I've told you this but I've stopped drinking for about a month and a half. I've almost come off coffee completely. So really there couldn't be a better time for me to stop taking something else that I've been. I don't want to say relying on, but maybe falsely relying on, I guess. So I'm excited to see who I am at the bottom of all that. Excellent.
excellent and I really hope that you know you smash your targets more to that it's all about like you know that's really good that you haven't had a drink the last time I had a drink was two weeks ago and that's it I'm never ever going to drink every night like yeah I've heard that before
Nobody wants to drink after their drink, but as soon as they stop drinking, they're like maybe I should drink. Anyways, so what's been happening then family in the realm of web 3? I was just yakin' about the crypto market taking such a dive, however many
months ago and NFT market diving with it because a lot of people's positions and loans got liquidated. And I just I forgot that the effect of having a volatile asset such as an NFT that's salable for a volatile asset such as cryptocurrency that there would be a cascade effect of liquidation because I forgot how many people had big NFTs leveraged.
with loans, like 14 day loans that are super high interest. So a lot of the board ape fam and a lot of D gods and you know anybody who's like dominant on one chain or another and has like a substantial cash value behind it took out loans and then got liquidated and they had to like sell a lot of the NFTs that they had outside of that to pay off the loans.