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Why Monad?
Recorded: Oct. 2, 2025 Duration: 1:39:01Space Recording
Short Summary
Exciting developments in the crypto space as new projects launch and partnerships form, signaling a positive trend in market recovery and community engagement. The conversation also highlights concerns about inclusivity and the implications of gas limits on blockchain performance.
Full Transcription
Thank you. I'm gonna change my answering machine
Now that I'm alone
Cause right now it's sad that we
Can't come to the phone
And I know it makes no sense
Cause you walked out the door
But it's the only way I hear your voice anymore
It's ridiculous
It's been must
For some reason I just can't get on
And I'm stronger than this
Enough in love
I'm all walking around with my head down
I'm so over being blue
Crying over you And I'm so over being blue, crying over you.
And I'm so sick of love songs, so tired of tears.
So done with wishing you were still here.
Said I'm so sick of love songs, so sad and slow.
So why can't I turn off the radio gotta fix that calendar I have
that's marked July 15th because since there's no more you there's no more anniversary
I'm so fed up with my thoughts of you and your memory and how every song reminds me of what you could be That's the reason I'm so sick of love songs
So tired of tears
So done with wishing
You are still here
So that I'm so sick of love songs
So sad and slow
And slow
So why can't I turn off the radio
So why can't I turn off the radio?
Leave me alone
Leave me alone
It's too long
Don't make me think about a smile
Or having my first child
Let it go
Turning off the radio Cause I'm letting go turning off the radio
cause I'm so sick
of love songs
so tired of me
so done with
wishing she was
still here
said I'm so sick of love songs
so set in stone
why can't I turn off
the radio
why can't I turn off the radio? Why can't I turn off the radio?
When I'm so sick of the song, so tired of the song.
So tired of the song, so tired of the song.
She was still here, said I'm so sick of the song.
So sad and slow, why can't I turn off the radio?
Why can't I turn off the radio? so I cannot turn off the radio. I cannot turn off the radio. Yeah, yeah, yeah Ooh, uh
Ooh, yeah
Ooh, yeah, yeah
Baby, I just don't get it
Do you enjoy being hurt?
I know you smell the perfume
The makeup of the shirt
You don't believe his stories.
You know that there are lies.
Bad as you walk, you stick around, and I just don't know why.
I was your man.
Baby, you never worry about what I do.
I become an old back to you every night.
Doing you right.
You're the type of woman.
Dirt your brain.
Whistle to die my head for a ring.
Baby, you're a star.
I just want to show you who you are.
You should let me love you.
Let me be the one to give you everything you want and need.
Baby, good love and protection
Make me your selection, show you the way love's supposed to be
Baby you should let me love you, love you, love you, love you, yeah Yeah. It shows from your hands to your toes out of control. Baby, you know.
Baby, you never worry about what I do.
I'll be coming home back to you.
Every night, doing you right.
I don't want to.
It's just good things.
It's put a dollar.
A handful of rings.
Baby, you're a star.
I just want to show you you are.
You should let me love you
Let me be the one to give you everything you want and need
Oh baby good love and retention
Make me your selection
Show you the way love's supposed to be
Baby you still love me.
You deserve it.
You know you deserve it.
We should be together, girl.
Baby, we need you as whatever, girl.
Hey, so can we make this thing us?
You said let me love you. Let me be the boss. girl
will you take me baby? Show you the way you're supposed to be You said that we love you
Let me be the one to give you the better way
You are any good love and protection
Make me your selection
Show you the way you're supposed to be You said that we love you Hey! Hey!
Hey!
Love you!
Love you!
Love you!
Love you!
Love you!
Love you!
Love you!
Love you!
Love you! Love you! I'm so excited. I'm so excited. I'm so excited.
I'm so excited.
I'm so excited.
I'm so excited.
I'm so excited.
I'm so excited.
I'm so excited.
I'm so excited.
I'm so excited.
I'm so excited.
I'm so excited. I'm so excited. All right, let's go. One last lonely girl. you are so you let me inside of your world
there'll be one less lonely girl
saw so many pretty faces
before I saw you
now all I see is you
I'm coming for you
I'm coming for you
no, no, don't need
these other pretty faces like I need you
and when you're mine in the world
There's gonna be one less lonely girl
I'm gonna be one less lonely girl
I'm gonna be one less lonely girl
I'm gonna be one less lonely girl
There's gonna be one less lonely girl
I'm gonna be I'm gonna push you further
I'm gonna be I'll show you what you're worth That's what I'm gonna do you further I'll show you what you're worth
That's what I'm gonna do
Let me inside your world
There's gonna be one last love sticker
Every 14th of February
Not one of them spent with you
How many dinner dates at dinner plates
And it didn't even touch his food
How many torn photographs
Are you taping back?
Give me that empty
Open door
But no more
If you let me inside of your world
There'll be one less lonely girl
So many pretty faces
For I tell you, you
Now all I see is you
I'm coming for you
I'm coming for you
No, no Don't need these other pretty faces All I see is you. I'm coming for you. I'm coming for you, though.
No, no.
Don't need these other pretty faces like I need you.
And when you're mine in this world, there's gonna be one less lonely girl.
I'm gonna be one less lonely girl.
I'm gonna be one less lonely girl.
I'm gonna be one less lonely girl.
I'm gonna be one less lonely girl. I'm gonna be one less lonely girl. I'm gonna watch you first. Oh, my God. I can give you a brand new spark To make you believe
I just wanna set one girl free to fall
Free to fall
Fall in love with me
I'll take her and leave the world with one last lonely
One last lonely girl
One last lonely girl
One last lonely girl One less lonely girl It's gonna be one less lonely
One less lonely girl
One less lonely girl
I wanna be one less lonely girl
I wanna be one less lonely girl
I wanna be one less lonely girl
I wanna be one less lonely girl
I wanna be one less lonely girl
I wanna be one less lonely girl I wanna be one less lonely girl one
one All right, all right.
Bill Monday, what's up?
What up, Bill?
Chilling.
Chilling.
Chilling.
Those are some bangers today.
There's three bangers.
Nice throwback.
Dude, I've been picking up music recently by just scrolling reels,
and then just out of nowhere.
It's like, Justin Bieber, One Less Lonely Girl.
And I'm like, I thought this was stupid as hell when I was 12,
but damn, this kind of goes hard now
like why not add it to the the rotation you know you're back on reels are you i am back on real
i'm getting a little we're getting rotty you know i'm saying i don't know like the brain rot like
we're getting rotty oh okay is that what they're saying you
don't do that's what the kids are saying bro i didn't know that i didn't know that because you
had a bit of a break didn't you you had to get off the reel i did i locked in a bit too hard and
then i entered this like post crash out world and i realized the only way to get out of that was
just brain rot and so now we're kind of, just back to like a normal person again.
Yeah, yeah.
A little bit of brain rot is good.
Right.
It's like a glass of fine wine, you know? Yeah, exactly.
Like just take the edge off of it at the end of the day.
Exactly.
Because you'll just catch a giggle out of nowhere.
And it's like, like yeah i needed that one
actually or just like you just start crying you're just like damn like how did that how did
like in five seconds i have a teardrop now like where did this come from and it's like i need to
call my grandma so bad right now it's like it's like uh it's like you won't even be into a sport like it'll be like like basketball
you like hate basketball and then it's just like what could have been and it's like some guy who
got injured and like some like quote he said and you're like damn like damn that's the real shit
ever yeah wow yeah and it's just like future playing over the background. Crying, you're like, oh my god, he could have been everything.
Okay, big day.
Wonderful day.
We tweeted the word airdrop off the main account, let's go.
That's crazy.
That's it, right?
Could probably pack it up now.
Yeah. Cool. I guess that's it right could probably pack it up now yeah yeah i guess that's it yeah i mean people are people are doing the maths on the loading bar they're looking at other loading
bars they're doing complex kind of algorithms to figure out when that date is it's just
come on guys yeah yeah we definitely didn't drop breadcrumbs throughout tweets over the past two and a half years,
where if you put them all together, it'll reveal the man that did.
Just imagine someone spending like 12 hours with every single tweet and trying to find patterns.
I'm sure there's people doing it.
I mean, it's a crazy pastime, but geez, people have been doing crazy, I'm sure.
Yeah.
But yeah, I mean, here we are.
This is, this is, feels like the right time you know yeah a few days back a few days
back it felt like the whole market was kind of tipping over and exploding but now it looks like
we're back we're so back
um yeah i mean z cash let's go
shout out z cash that's from your era almost is it or that's even era before Um, yeah, I mean, Zcash, let's go. Shout out Zcash.
That's from your era almost, is it?
Or that's even era before?
Dude, Zcash has some like crazy, like Illuminati lore.
Right.
Straight up.
It does.
So, like, something, this is what happens happens is it's almost like this is how these
cycles play out it's almost like volatility goes up volatility is cyclical and so over the past
few months it's felt like volatility is very low there's little opportunity nothing's really going
crazy and then bang zcash is like a 2x out of nowhere and opportunity nothing's really going crazy and then bang z cash is like a 2x
out of nowhere and because nothing's happening that really really stands out and now it's like
oh wow this is a narrative and people start bidding monero and then who knows maybe they'll
bid they'll bid verge and then you find your way if you go deep enough into og coins it always just ends up back at doge
right it's like all right if all this shit's popping off i might as well doge and if doge
goes high enough that that's the elon batman signal and then all of a sudden elon's showing
crypto again and we're back so who knows who knows, that does all make sense, I think.
Had a banger tweet today talking about gas limit.
Dude, these gas limits are pretty low across the board.
Right, yeah.
What's the analogy for gas?
Because if you just crank gas limits up,
then it's basically like
using jet fuel in your car and it'll just break something else right um yeah i think
the chain has to be able to keep up i think it's like consensus has to be able to keep up with
execution yeah and so you have to set the gas limit to a point where you know that
consensus can keep up with execution and if you set it too high consensus can't keep up with
execution that can cause problems yeah yeah yeah yeah but yeah i mean that's 500 million a second let's do math right you have um so to go from largest to smallest existing in the
market today of chains that are relevant so bnb chain is actually 100 million so that is
as of today actually i don't really i was trying to read i was trying to
I don't really I was trying to read I was trying to
some EVM chains have really weird like block explorers and like are not basically they don't
work the same as other chains I think or actually hold on a second you can talk about something BNB is a separate
thing
kind of
like it's not really
a globally decentralized
network right
so the consensus
wouldn't have to keep up
in such a significant way
yeah I mean
BNB chain is
is like
I think probably
10 validators
on CZ's basement
right
right
so you can just crank the gas It's like, I think probably 10 validators on CZ's basement, right? Right.
So you can just crank the gas and it chugs away.
Yeah, but it's not.
It's like you have the stake wave, the validator.
It's not really decentralized, right?
It's kind of cheating.
It's kind of cheating.
I'm trying to figure out what...
Let's see this one.
Let's see this one.
All right, one sec.
Give me a second. I'm going to say double zero launch this morning
it's interesting technology
right
it's cool because it's base layer infrastructure
to make things go faster
so obviously resonates with what kind of what we're doing.
But, yeah, very interesting, like,
creating their own internet pathways using pre-laid
and, you know, future fiber optic kind of cables
between data centers so that you can functionally
own your own distribution and routes
if you are teams that need super fast internet yeah very impressive they only started like November 24 I
remember them popping up like November 24 last year would have been within a
year there are kind of ready for go time which is cool yeah okay so here here are the gas limits for existing chains
bnb is 100 million it's probably 10 validators this is all in grade right
um or is it denominated in their own it's denominated in their own okay
but it should in theory be like the same right Nominated in their own. Okay.
But it should, in theory, be like the same, right?
You have Plasma, which is $36 million.
Well, it's closed source, so who knows?
Bear Chain is $18 million.
Avalanche is $15 million. HyperEVM is 2 million
Ethereum is
3.75 million
So this is pretty
It does matter though because each of those
If they're using their own native gas
Token then what is the unit
Because if it's 3 million
Gray versus whatever
Million AVEX.
Right.
I don't know.
But we just, yeah, I don't know.
I feel like our docs are so transparent and simple,
whereas you go to a lot of docs for other chants,
it's very obfuscated and confusing.
I don't know if it's on purpose or not.
Yeah, Keone does a lot of work on those.
A lot of the team does a lot of work on the docs.
Constantly updating, rewriting.
If you go to the docs week to week, it changes.
New stuff gets added.
There's updates.
It's really cool.
Probably if you were to create some kind of like website cache updater
thing, you'd be able to tell like what's happening
faster than anyone else because
you'd be like, oh the docs, it updated, like this is
live, this is new,
this is fresh, whatever.
Yeah, anyways,
I'm going to add
500 million gas per second.
Do you think that
will, I think that probably does increase over time. I do think that will...
I think that probably does increase over time.
I'm sure it gets past a billion.
Launch the network with 150 to 200 validators.
But the network can scale to thousands
because of MongoDFT.
So then you're looking at
ethereum with like 10 000 validators 3.75 million gas per second monad eventually
well monad on day one 500 million gas per second and 150 to 200 validators but it was it really like i think i
think the the rate of shipping like the monad zero to one is slow but the monad one to a hundred is
fast because it's just important to because it's all built from scratch it's just really important
to make sure it like nothing's wrong you know yeah and then you can just you know ship things and
they've been shipping things already to launch post mainnet like in parallel like lots of stuff
so yeah i mean i think it won't be long before monad is like actually like
thousand validators billing gas per second which is kind of just crazy honestly
for the evm i feel like it's just not seen as possible for a long time for xyz reasons or
not the priority for ethereum or whatever but yeah it's exciting that this is actual real tech that will be live. It's not storytelling.
And also just shout at the community for being so patient.
And now we're getting close.
Things are happening.
And it's just a jolly old time.
It's a good time to be an ad.
It is a jolly old time.
It is a jolly old time indeed.
All right. It's a good time to be an ad. It is a jelly old time. It is a jelly old time indeed. Alright.
Karma's here.
I'll invite up Karma.
We're also cooking.
I'm just like,
there are things happening.
Simple goal is biggest launch ever.
That's the goal.
And I actually think we'll do it honestly i really do unbiased what does that mean like just like like basically it has to be almost
like a mainstream moment i think oh yeah yeah so that's the goal make mona launch a
mainstream moment easy so simple i don't think there's ever been a mainstream moment for a crypto So yeah, that's the goal. What up, Carmen?
Hello, chaps.
Lovely to hear you.
I'm doing fantastic.
I didn't ask you how you're doing.
I just said what's up.
I know.
That's usually in polite circles a proxy for how you're doing.
You making assumptions?
I may be.
Assumptions are useful.
I was in a frat,
and one of the things they taught us was assumptions are the root of all fuck-ups.
Oh, man, who used to say that?
There's actually, like, a fantastic
quote from Thomas Harris
where he says... There's actually a fantastic quote from Thomas Harris.
Who's that?
It's the author of Silence of the Lambs.
I mean, the books that inspired the movie.
And there is a quote where an FBI agent goes basically like, if you assume you're going to make an ass out of you and me.
And it's so fantastic
oh i see because it's spelled that way right ass a s s u m e right yeah it's just like
love that that's awesome um all right let's it was jungi here
is jungi in the yeah he is junkie get up here um
what are we gonna actually like when mainnet goes live what are we gonna talk about
oh it'll be like there'll be just stuff going on all the time i imagine
i think the way I think about it is...
I think the gas limit is like an exponent for the rate, the potential rate of growth for Monad because... Hello? Hello? I think Tune's cut out for me
hello hello whoa that was weird it just wait is the space still going yeah we're still here
yeah dude my app just closed and i rejoined i thought it was just bricked
crazy yeah you just stopped talking and then jung-hee was like hello
um no i think the gas limit is can almost be like an exponent for growth because
it's almost it's just like all right what is the limit of what can happen
in total in the first month is kind of crazy.
And you have just this one single shard of state where so much activity can happen.
Where every single day, imagine if there was actually like a thousand TPS of usage.
TPS of usage.
Like, things would be so crazy so fast.
Things would be so crazy so fast.
I do...
I wonder what the...
I think the...
What do you think the live TPS will actually be, like, a week after launch?
Probably, like, 20s or something?
Really?
That is crazy.
What if it's higher?
What if it's higher?
I mean, 20 is, like, a lot.
You need stack usage for 20.
Okay, well, just to put this in perspective,
okay, how many seconds are there in a day?
There are 86,400 seconds.
So if you're at 100 TPS,
that's like almost like 10 million transactions in a day.
So if I said to you,
there's going to be 10 million transactions per day on Monot,
that would be kind of crazy, right?
Yeah.
So that's kind of why I'm saying like,
I mean, Solana is like,
Solana actually like for like a,
like actual like general purpose,
like block space,
Solana does like a thousand TPS
and that's the most of any chain so
i mean even like a like a hundred would be crazy honestly let's see hold on i can pull up the data
on if it's currently doing like 21 tps like in the past hour yeah Yeah. Yeah. Solana's at like a thousand.
BNB is at like a hundred or two hundred.
The only,
the only like general purpose chains that actually do really anything are
Ethereum,
Solana,
BNB,
base, and Tron.
That's really it.
Nothing else.
And Tron is very...
I don't know.
I guess you can include Tron.
But they feel very just like their own thing.
Tron is actually a good i feel i i'm under the
impression that a lot of these stable coin chains have a thesis of like
i don't even think the stable coin chains will actually just just take it even further step
most of the time when i hear oh we're building it's a purpose-built chain i
most of the time it's just like marketing it's not actually based in reality but i think the
idea of marketing yourselves as a stable coin chain is just a thesis of all right if we get people
um doing their stable coin transfers on our chain that will lead to
a DeFi ecosystem.
But Tron is an example
of that actually just not working.
So it's kind of interesting.
Because who the fuck uses Tron?
No one.
For DeFi at least, no one.
So it's ignoring Tron.
The only real chains that are actually used,
and I wouldn't even count Ethereum
because we're talking about real usage.
Ethereum maxes out at 15 transactions,
20 transactions per second.
The only chains that actually have general purpose usage
are Solana, BNB, and Base.
And I don't know much about BNB, but I wouldn't be surprised if it was whatever.
Yeah, I think like traditional business strategy always says to go for the high margin, like high cost items.
Like Louis Vuitton being worth more than like Walmart, even if Walmart does far more volume, you know, just because it's like
The margins are so low or whatever
and so like that's what I always felt when people go for the high
volume low kind of
I don't know value transactions
Yeah, there's there's two paths to our UV
It's either high TPS low fees or, or low TPS, high fees.
And Ethereum definitely has carved out the low TPS, high fees sort of network.
But for the high TPS, low fees category, it's really just Solana.
It's really just Solana. That's the only chain that has, in my opinion, a real network effect of actual usage.
And that's running at like 1,000 TPS.
And so, the EVM is really just totally up for grabs, in my opinion.
The only real serious player there is base.
And maybe BNB.
Maybe BNB chain.
But even those,
my point is that
right now,
go to base block explorer.
Base is
doing
11, yeah, base had base is doing 11
yeah base had 11 million transactions
today past 24 hours
so that's like 120
130 TPS
so that is like
for the EVM
basically the most successful
EVM chain
has 100 150 TPS.
That is the actual best that's been done so far.
And so, I mean, if Monad is half of that after a week or something, that's really good, right?
If Monad is at 50 TPS a month after launch, I think that's really good right if on is at 50 TPS a month after
launch I think that's really good it's very cyclical though because it depends
on what the flavor of the month is in terms of like speculation or like what
people are doing if there was an app like if everyone is trenching again then
Solana goes up because pump fun was doing a lot of volume. People are transacting there or whatever.
Yeah.
It's very hard.
Yeah, because right now I'm not really sure what the –
it's like Fantasy Top is the primary thing on base
or what is the primary thing on base right now?
Yeah, so the best tool for looking at TPS is Artemis.
Artemis, you go to Artemis, then you go to Chain Compare,
and you can see the daily transactions per chain.
But they don't have a good...
It's tough to break down the transactions.
That's what I wish.
I wish you could...
There needs to be a website where you can
actually look at the chains ranked in order by TPS and then also the apps ranked in order by TPS
it'd be cool to see how many TPS does Uniswap do across all chains that would be very cool
there's also these like funny games that get played by some chains where there's some website
that will tell you that what is it icp icp that's funny internet computer that thing
there's a website that'll tell you this thing is just doing like 5 000 tps
like per day which is just that is obviously not There's, there's nobody is using this thing,
but Artemis is a very good whatever.
And yeah, I mean, if you look at all the EVM chains,
I mean, there's really not,
the only three that have some semblance of real usage are BNB, Basin, Tron.
That's it.
and if those are all at like one 50,
if those are like at like one 50 TPS,
if we're halfway there after a fricking month,
that's incredible,
you know?
so we'll see how that plays out we will see how that plays out um but yeah we're actually close we got the airdrop thing we got launch next year um we got what monad cards in 2027
seven yeah yeah the airdrop then unlocks for people after the three years or other
yeah yeah the airdrop you got the airdrop and then there's a 24 month period
and then there's a 24-month period.
And then mainnet launches.
Slippery slope of just talking mad trash.
Great.
Who cares?
Yeah, shoutout double zero.
Shoutout.
That's the big news today.
Yeah. Kind of just like at least what i do like is that people are more and more starting to talk about new launches right
it's like oh you have plasma all right something to talk about yeah double zero something to talk
about lighter something to talk about it's like all right like new things are actually launching
um most of them have at least something where it's kind of interesting in one way or another
um and then monads just kind of you know joining the party right yeah yeah i mean it's it's
interesting because like you see something like lighter
without like okay we're doing season two of points and then you're like oh that's that means
it's extended out and then it's like oh that's exactly you know like the the kind of season two
thing um it's like interesting to see from like a user perspective yeah yeah and then we just got z cash on the other end of the spectrum
brand new and the oldest shit in the fucking book
oh man um what's the have you like uh i'm not sure if you've listened to good alexander's thesis
or anything um or i know that russia mentioned it, but like the talking about like the US government and the US state kind of doing like money printing through stable coins.
Have you read into that thesis at all?
Or looked at that?
I do think that stable coins will expand US dominance in general, yes.
Outside of that, I don't know too much.
But I do agree with that point, for sure.
Yeah, because it kind of feels like, okay, there's a lot of debt there.
How do you get it?
You kind of print or you inflate it away.
If they inflate the US dollar, everyone's got eyes on it, they can see it.
But maybe if they inflate it via stablecoin expansion,
then it's a little bit easier for them
and there's less eyes on it potentially
and people don't really know what's happening.
Yeah, I don't know.
Not much. yeah I don't know not that guy was showing story protocol
I'm just going to say that
but anyways
Jungi what's up
take it away Jungi
hello
tunes
alright Jungi do your thing why no don't why did you invite me up here
you demanded that i come up and then he yapped about like gas for 20 minutes
oh you didn't know that we're we're doing weekly purges now and we're it's just one person a week
oh nice it's like the hunger games yeah so it's it's you
this week junkie well can't complain about that it is very funny that we bring you up on basically
every kind of space or event we do just to have you say a few words and then we continue on
i think uh yeah just seeing the the golden retriever at the top there
comforts people.
I think so.
It does.
How's that roof?
Roof is not fixed, but there was a man who went into my attic
and he had no front teeth.
And then he came down and now my floor is covered in insulation,
so that's cool.
But he's coming back on Saturday to fix it.
Saturday, 8 a.m.
That's fiberglass, is it?
Yeah.
Yeah.
It's pink, so I assume it's not asbestos.
But same thing, really.
Yeah.
No, it's all right.
I think fiberglass is fine.
Bit of fiberglass here and there is fine
yeah the um front missing teeth is a sign of canadian kind of pride isn't it that's a hockey
thing right uh well you would think but uh i think this guy's like from africa or something so i don't
know i don't know how far he got in his hockey career? It could be a cool running story.
How dare you?
Let's Jamaica.
Right, but, you know,
person from hot climate comes to cool climate,
excels at snow sports.
Look, the story is as old as time.
Could be.
I'll have to ask him on Saturday.
Wonderful.
Yeah, this roof, this is going to cost me 300 bucks so that's that's 620 bucks since i got this house that this roof has cost me
the first two were the freaking squirrels or raccoons digging up my shingles
that's very cheap that That's great pricing.
Yeah, it's not bad.
It's not bad.
It was annoying last year when it was the squirrels because it was just like randomly every couple weeks I was having to pay $160.
But yeah, this guy's replacing the kitchen vent on my roof.
And he's buying all the materials and he's got to
replace a few shingles so pretty good for 300 bucks this has moved into the homeowner's
complaint society with pangas wait bill did someone get married in the community
um did you see broccoli wanks tweet
oh yeah
it's all a manda rack
I don't know what's going on
if anyone knows what that is can they request and come up and tell us about the wedding
any of the China bros listening I guess not Looking good there, Tim.
That's crazy.
Eating at full volume on the microphone.
That's crazy.
Sorry, Bill.
Take it away.
Ah, jeez.
Well, I guess it's what we got to talk about here. alright karma take it away the pressure is killing me
it's
Annie's birthday one guy
happy birthday to Annie
A-C-K-E
in underscore.
Is that actually true?
Yeah,
I believe so.
Everyone's tweeting it.
If that's true,
I'm totally gonna, I'm gonna post in post in slack like i'm just gonna steal the
thunder oh someone already did yeah what are you talking about you think that you're early for this
you are literally like buying the top of this info yeah i just messaged her saying is it your
birthday man is doing the d I just messaged her saying, is it your birthday?
Man is doing the D.
She said yes.
What should I say?
What would be... Just say, oh, nice.
My new favorite genre of TikToks is like rage bait.
It's like a guy giving advice on how to rage bait your friends
what would be how do i rage by her like what like i just said is your birthday she said yes
what could i say to her that would just make her go like get pissed off honestly like get on a slack
huddle and just eat as loudly as you're eating right now because this must be one of like the top yeah things you've learned from these rage-baiting tiktoks
no i'm gonna say all right yeah there's your birthday yes i'll say all right
i just don't even say happy birthday oh man um i did up, but Beans didn't want to join.
Toons, can you add me to the Slack?
I just want to check something.
Can you stop doing this? It's cute!
What?
Oh my god, at least tell us what you're eating. This is killing me.
I'm eating chicken tangers.
Oh, we got Sarah up. How are you, Sarah?
Good, how are you? I didn't think you'd actually wet me up. Oh, we got Sarah up. How are you, Sarah? Good, how are you?
I didn't think you'd actually let me out.
Oh, you requested.
Hello.
Wait, chicken...
The raccoon pizza.
Introduce yourself, Sarah.
I'm just a girl.
I don't know, I've been trading meme coins for like two years now, I think. That's about it.
Are you good at trading meme coins?
No, I'm actually so shit. But like, I've learned a lot. You know, like how they say, you know, you have to like pay to learn i guess it's not a loss it's a lesson
exactly nice kind of glad you know i went through all that like
oh yeah you'll you'll never lose a trade ever again no i'm definitely gonna lose again but like
i don't know i'm more prepared now you know nice um it says in your bio you're in
new york yeah i am nice i'm in new york too wait really yeah i'm not actually in the city though
like i'm like i got you. Yeah, yeah.
But it's okay. It's okay. Close enough.
Do you go out in the city?
I do. I do.
Oh, hi, Nini.
Nice.
All right, cool. Good to know.
Good to know. I go out in the city, too.
I mean, you live
there, right?
I hope you do. No, right? Yeah. It's interesting.
Now you don't.
What's up, Nini?
You're a liar.
Just listening to the space,
and then I saw that I could speak,
and so now I'm speaking.
I missed you, girl.
Wait, we got a healthy ratio on the stage.
It's just like the first crypto space i ever had an even ratio
hold on i'll make it better oh he threw himself into the volcano and made the it made a great
ratio hold on i'm pulling up i'm pulling out my calculator app
I'm pulling out my calculator app.
You would get that if you're on Reels like I am.
No, I know the calculator and the weather app, right?
Yeah.
Okay, got it.
Wait, are you guys all friends, Karma's Nini and Sarah?
I mean, I am friends with Nini, but I haven't gotten to speak to Karma a lot.
Wow, now's the time to connect.
This is great.
Real.
I love her matcha posts.
Yes, I am like the resident matcha evangelist.
Yeah, I'm a matcha girlie too.
If matcha was a blockchain, I would be their CMO.
That's cute.
But like...
What do you have them with?
Like...
Fries?
I'm literally? Nothing.
It's literally plain.
This is like literally a boys version of a mukbang.
Yeah, that's a depression meal.
No sauce.
But I do also have a biscuit, which is even more dry.
Oh, no.
I'm judging you.
Wait, aren't you from Florida?
Or did you want to move to
Florida or Texas
or something like that
yeah it's both of those
are you KB's brother
I am
oh yeah Intim was just saying
wait where's KB
hold on I'm gonna get her up here
Intim was just saying that you want to start a golf
slash tennis club in Florida.
What?
Intern was just saying, I'm on it in the mornings
that you're wanting to...
I'm calling KB on.
Come on flat line.
Say this again, what the fuck. What the hell is intern saying?
That you want to start a golf club and tennis club in Florida.
That's probably expensive.
Oh, shit.
Can you start a running club instead?
Aren't those for, like, dating?
Like, you go to the run club
Oh yeah a lot of people
They meet their matches on Strava
Like the app
Yeah
So you want me to start a run club
Is what you're saying?
Yeah
And you want to join the run club
Exactly saying? Yeah. And you want to join the run club?
Exactly.
All right.
KB, how we doing?
Let's go. KB.
This ratio is crazy. Holy shit.
All right. No more. We're only letting woman up from now on.
Let's go. This is sick.
Do you guys have any more friends we can invite?
Yeah, hold up. Yes
This is actually great
KB how you doing?
Hey, hey, I'm doing good. What's going on?
Are you at the gym?
No, I don't work out. That's silly.
Gabe you gonna join my run club? Um, I. I don't work out. That's silly. Gabe, are you going to join my run club?
Um, I guess.
I can run.
Wow.
Everyone wants to join my run club.
It's like louder and louder.
I can't escape this music.
Hold on.
Credo?
Hello?
Hello?
Jeremy?
Hi, Credo. Oh, my God. What is happening? Jeremy? Hi, Peter.
Oh my god, what is happening?
Well, this is like a... This is incredible.
This is a good space. I like all the people that I see as a speaker.
Should Bill and I leave? I feel like we're out of place here.
No, no, you can be a good host.
You can be a good host for us.
Alright.
Yeah, someone's got to push the buttons.
Someone's got to let it open.
Yep.
And then the girls can just take it away from there.
Yeah.
I'm searching through the audience.
All the girls here get a big airdrop, right?
Just like the bear baddies?
Airdrop? There's no airdrop. just like the bear baddies airdrop there's no air drop yeah you guys tweeted that today that was wild
words airdrop I'm like whoa I know someone was brave today I know it's
crazy to do that like two years before the actual launch too, you know? I'm saying no one can do the math here.
Crazy.
Um, all right.
Well, Bill Monday.
How are you doing today?
Good, man.
I started eating when you were eating because I'm like, ooh, gross, chewing.
But then I was like, actually, chewing sounds good right now.
Hell yeah. like oh growth chewing but then i was like actually chewing sounds good right now hell yeah i am at my at my air fryer right now preparing chicken tenders because you made me
want chicken tenders no way are you serious i am dead serious all right here's a good
shit post you should tweet out like a really unhealthy
meal and then make the captions something
about implying that you're like
starting to eat healthy or something
you know what I mean
yeah yeah yeah
you could just be baked beans
talking about league games
yeah I'm saying
um um
well i don't know is that it let's get this thing back on the show on the road on
what do we got we got a topic here everyone just takes everyone takes me for granted they're like
oh we're just off on spaces i'll be fun it. It's like, no, I'm freaking. Yeah. I'm making it fun.
Yeah.
Yeah.
Where's my flower?
Okay.
Where's my hug?
Where's my hug?
Hey, yo, let me get a hug.
Bill, we should send each other more reels.
Yeah, you sent me those ones about the silly goose or something
Did you even respond?
Well, I liked it, but I just didn't really have a
Oh, yeah
That's right, Matt
I didn't have a reply reel
Yeah
I like that guy that slaps his feet together
What is it? He's like that guy that slaps his feet together what is it he's like that german guy who's speaking he's like hello princess and then
he slaps his feet together and claps
yeah hello princess yeah he's like hello and he's wearing a fedora and he's lying down and
it has like you can see his feet behind him.
I know that one.
And he claps his leather belt and he's like,
hello, Quintet. And he claps it with his feet.
Yeah.
That's a classic.
Do we have any other reel enjoyers in the audience? What are some good reels?
Explain. This is going to be a segment
called Explain a Funny Reel.
Dude, all of the reels that i like like like i have a reel and then i'll like it and i'll share with my friends
if i posted any of them on twitter i would just get fired i'm so positive all right yeah
i would just it's i would get fired so i feel like i don't know if I can get too deep into my real lore.
I only watch TikTok,
so I don't know about Reels.
It's the same thing, right?
Not really, but it's not.
It's different.
Because Reels are,
like, TikTok is first, and then Reels are just, like, TikTok is first,
and then Reels are just, like, a week later, if that makes sense.
Oh, yeah, too.
So you're, like, constantly behind if you're watching Reels.
A few weeks, actually.
There we go.
But, like, I only get TikToks about six, seven.
And what else?
Wait, what's six, seven?
If you know if you know you know
i don't yes you do you always sing it i actually like bought the coin um on bonk and then I got like there was so much FUD on it because of like the launch pad wars.
So I sold it before it like, I don't know, 10x from there.
And then they ran up one on PumpFun.
I was just so done with it.
It's fine.
Yeah, pain.
Nice. It's fine. Yeah, pain. Nice.
It's okay.
Decent meme, though.
It's just the number
and you're not meant to say the number, right?
Something like that?
Not that you're not meant to say it,
but I don't know.
It's just funny. Because it doesn't make's just funny because it doesn't make any sense
it just doesn't make any sense and like that's like the best part about it you know
i don't even understand it i'm too old for that or maybe not i don't know
well anyway uh karma what are your instagram reels like okay okay okay i go i will get exposed but
i will come clean in an attempt to break free so i have a tendency to like brain rot if i have
access to instagram in an attempt to stop brain rotting i deleted instagram of my phone like a
year ago but it actually backfired miserably because now
when I really yearn to brain rot, I just watch YouTube shorts, which is like the lowest tier.
It's like the bottom fodder of anything real adjacent. So I literally just like
psyoped myself into still brain rotting, but with like the lowest quality of content imaginable.
but with like the lowest quality of content imaginable.
I feel you. I deleted Instagram as well.
I don't even think it's like worth having.
TikTok is doing that.
I just, I don't know about you guys, but like I find different like platforms have,
the algo is like different levels of
responses.
I feel like on X, in order to completely obliterate your feed and like your for you page, like
you actually need to do some like, click on some dumb shit.
The feedback loop takes a while.
There is some leeway.
Versus on Instagram, I felt like I just had to linger a bit too long on one muscular dude doing calisthenics.
And suddenly, that was all I was seeing for a week straight.
It was just a bit too responsive.
It sucked me into directions I don't want to go.
You were watching softcore on Instagram?
If that's what calisthenics is to you bell well i mean i don't know what kind of what is what is that that's like sounds like you do know
that's like body body lifting body weight lifting yeah it's basically like body weight exercises
Basically like bodyweight exercises.
Do you plan on learning how to do that?
No, I once had an aspiration of learning the pull-ups.
It's long gone.
I'm sure you could do it.
Just lock in.
Alright, I gotta go.
I'm really hungry. All this chicken tender talk.
Oh, wait, actually, we got a...
All right, let's go.
We got...
We got a m'lady.
We got a m'lady on the speaker, on stage.
Let's go.
Welcome.
Hello.
Hello.
How are you guys?
Good, good.
Welcome.
Welcome.
We were just having the most riveting conversation.
But now, welcome.
You were giving some good technical discussion discussion on my tweet that was good yeah thank you thank you i'm like kind of one i'm bullish on one ad but at the same
time bearish as well and it's kind of like you know keeping me awake like what's the play and
what to do and i mean i mean i like the team and think they've done some serious work
but I don't think the direction of the work is like really where the rewards are so yeah I mean
kind of like Ethereum kind of like Solana and I mean in terms of effort it has been like
Ethereum in terms of the mimetic side it's been like Solana but I'm kind of trying to figure out
like how do you think about those things and I
mean not just you I mean the rest of the team thinks about those kind of questions on a broader
scale like my primary like questions were around if I have to build a stablecoin I have to build
the decks I mean I mean now what we are seeing like our app chain this is playing out and everyone
like every good app wants to build their own chain and every institution wants to build their own chain.
Everybody wants to build their own chain.
And I don't think like blocks, especially in the EVM universe has like much value left.
So what is that like?
Or maybe like if I'm a builder, like why should I even build on Monad?
Like help me like create all those things.
All right.
Which of your five questions do you want?
Can you do it one by one
because you kind of threw you threw a bunch of things and it's a little overwhelming so
if we could go one by one if you could guide me one by one we can do it yeah yeah let me just
those questions because i don't remember all of them but just if you give me a moment i'll find out
yes If you give me a moment, I'll find out. Yes.
Yeah.
What do you got going on in the background?
It's pretty noisy.
Yep.
Yep.
It's like a tractor or something yeah i'm a token and i've been walking on the street but i you know i had a calendar event for this so i just had to you know stop my like stop going to the
party at the marquee and you know start this discussion because this is more important
what time what time is it there it's 1 a.m. bro you should go to the Monad
party yeah is it today yes I was way better than on spaces with us I had no Are any of you in Singapore?
I'm in Texas, Florida.
Okay, okay.
Okay, so my first question was that in an app chain world where every institution wants to launch a chain or, like, for example, Google has launched one, Stripe has launched one and Alibaba has probably launched one. So like if I mean JP Morgan
has launched one and so why the like how do you envision that other large institutions
are going to pick Monad for deploying whatever they want to deploy.
Yeah, I mean, I feel like I would say that these institutions are less like, like they don't care about alignment or decentralization really, right?
They don't, they're not fundamentalists.
They just want to make money and so i think it makes sense that they will all try to launch their own chains to start
but i don't think that that means that they aren't willing to then go launch
apps on different chains like an example of this is I think Kraken is launching like a perp stacks or something on
Solana right but then they're but they're also launching their own chain and so I think if
you're an institution you probably start out with your own chain and then you you kind of see if you
can get traction or not but you aren't like so opinionated on it that you say, Oh, well, we launched our own chain.
So we'll never launch a product on another, another chain. You know what I mean? And so
even though you are right in that, I think that the point is that these institutions just want
to make money. And so they will make money in any way that they can,
including both launching their own chain
and deploying on others
where they see there to be opportunity.
Right.
So...
And why do you think Monad offers
that opportunity to institutions?
What does Monad have to offer that kind of opportunity?
Yeah, I mean, I think fundamentally,
the design of Monad is engineered for network effects in many ways.
And I don't think Monad is built for institutions.
I think it's just built to basically be adopted and get usage in general.
And then the institutions will flock to where that usage is.
And I think, you know, if you look at the properties of Monad, like, you know, it's EVM.
So most of the developers in crypto are going to be able to build there pretty easily.
It's going to be highly performant. Latency, 400 milliseconds.
The gas limit is 500 million gas per second.
There's parallel execution.
Just overall, going to be
a great place for developers to build and for users.
And then on top of that, the network is pretty,
maybe like it's not extreme, like,
I mean, the network will be very, very, very credibly neutral.
Like the design of the network is that it can have
thousands of validators spread out all across the world
and relatively inexpensive to run.
And so I think that that component of credible neutrality
is probably favorable to institutions.
And so I think that if you're an institution and you're going
to deploy your own super centralized block space you'd probably be more
willing to tap into decentralized block space than centralized block space from
a quote-unquote competitor.
Right. So yeah.
My other question was about the gatekeeping culture which Monad community has demonstrated.
Wherein, I mean, it would be, I mean, you need to get in early and you need to be in specific groups to see some channels.
And I felt like the people who got in, they were really gatekeeping the entire community.
And a lot of people didn't really get in
and they tried,
you know,
just get in their friends
and they were not incentivized really
to like,
you know,
let good people
or like knowledgeable people
come in,
like who actually built something
on your chain.
But I think it was,
I mean,
they invited their friends
and family
and things like that happened.
Like from what I've seen,
I met some of those in events
and I've talked to them.
I mean,
all this gatekeeping, I mean, is it not really against talked to them. So, I mean, all this gatekeeping culture,
I mean, is it not really against
the ethos of blockchain?
I mean, Ethereum never had anything like that.
I mean, you could probably argue
Solana had something like that.
But like all the talk about decentralization
and ethos of all this,
but I mean, the action have been
like quite like contrarian to that.
And I don't think like the talk
matches the walk here
right so i guess my question for you would be like you know if you're a layer two or if you're
like a perp stacks that are token or something you can kind of like i like i guess to take a
step back it's like what you're optimizing for is fairness
right like is that kind of would you agree with that it's like you want the launch to be fair
basically
of course i would want the launch to be fair but at the same point of time i don't think i would
want it to be uh unfair to those who would have been more meritocratic.
And I think...
No, no, no.
I'm just saying, I'm just saying, like, what you're basically saying is it should be fair
to everyone, right?
It should be meritocratic.
It should not be chronologically fair.
It should be meritocratically fair.
Right.
And so, I guess if you were in charge, what would you have done differently?
I would have kept the doors open to, you know, like I would have implemented ways so that people with actual merit or who are actually building things get in and not basis on like if there's somebody came early and all that gatekeeping so
i think i would have implemented a more meritocratic proof of way work based approach and i would have
like put in like more emphasis on what you do outside the monad community instead of what you
do inside the monad community because at the end of the day you need people who build for people
who are like outside your community or who are content creators for outside your community and i think like a lot of focus has
been done internally and not externally i think the the kind of argument against that would be
you wouldn't you need to prove that you have some kind of buy-in to the network like if you are a
builder outside the community and you're like i have a product and then you come to the Monag community and you're like, you guys should all use my product.
Like your version of meritocracy would be, okay, this guy has built something.
So therefore he is better.
And we just send everyone to that guy and then he can move on to Solana.
He can move on to base or whatever.
So it's like, there does need to be some buy-in.
And I know that you said proof of like, you know, it should be meritocratic rather than time-based
But the time does prove some merit like they were early they thought about things early
They got involved and they did some like impact, right?
Yeah, but like it has been like I think more emphasis has been added like like someone is
doing like doing some drawings or like making some music or maybe like i don't know i mean
i don't think like i mean the people which you optimize for for real builders are building things
like they don't really for a pre-launch chain they don't have the time to spend in Discord and Telegram and the dev server.
They're building stuff.
And so we optimize for them in different ways.
We also don't really focus on people that just do drawing or music.
They actually have to have an impact.
I think it's relatively fair.
And I think that maybe if you have seen some injustice, it probably just wasn't as grievous as you might maybe have thought.
this it probably just like wasn't as grievous as you might maybe have thought um i'd just like
reanalyze it because yeah if someone is building something and it's cool then that immediately
brought in to the dev community into the community and like highlighted and amplified
like it's really not that hard i felt like uh i mean there were some differences like i spoke to other builders as well
it's not just like what i'm like experienced myself but i've spoken to other builders as well
and i'm just you know sharing some opinions on the other side and this is the kind of feedback
like you would not get obviously from the people who are inside the community so yeah this is just
some external feedback for someone who represents people outside the community
Yeah, I think it's hard for a builder outside the community to come into the community
It takes an additional layer of work to
Like become friends with someone but it's like, you know, if there's a friend group at high school and you move to a new high school
Then you're like, yeah, it's gonna be hard to become friends with that group that you have to learn each of them you have to like do what they do all that kind of stuff like
you don't automatically just get the privilege of having a friend group I
guess yeah fair point yeah I would say also I again it's it... You're trying to predict what Monad looks like on day one
without all the information, right?
So I would say that, like, you should just wait
and to see how things play out, you know?
Do you get what I'm saying?
Yeah, so I think, like, Mon Mona, I'm not speaking technically as well.
I mean, a lot of emphasis has been on decentralization, which I think is, of course, great and, you know, aligned with the ethos of the community.
But I've seen like a lot of projects fail in this journey because they like optimize a lot for decentralization.
And that, I mean, after, I mean, at a point you realize that that's not what 99.9 percent of
the people want you to optimize for but i think like i project has over optimized for
decentralization but at the same point of time like as a builder i don't see
what exact value it's going to add to most of the flows
yeah i would say that there's probably more of an edge there
than you think because if you do just look at the landscape
of chains launching recently, it's basically a general trend
of just becoming more and more centralized.
And the way I view it is almost like a race to zero. And so,
And the way I view it is almost like a race to zero.
you know, Monad represents something that's actually innovative. And I think, you know,
materially advances the industry in general, right? Like, if Monad can provide the same
experience to you or to a developer as another chain that's centralized while Monad's decentralized,
why wouldn't you want to participate in a credibly neutral network?
You know?
Yeah, I understand the point.
But I don't think that is enough but
i guess we'll find out so one thing another thing too is like
i just think that it matters more to developers than people realize and it's it's almost less
of a it's it's no less of a...
No, I've been on the development side.
I've been on the infra development side for five years building tools for developers.
And my point about this, developers not prioritizing or even caring much about interoperability,
this is coming after selling products to developers for years.
Right, right.
I'm talking about right i
guess i guess the point i'm trying to make is when you look at something like solana
solana has a great builder culture because the team that is building like the solana foundation
the solana core devs they are actually pushing the boundaries of blockchain infra.
They're actually innovating and providing new things.
And I think that itself is actually inspiring to other developers in the industry.
And I think developers like being in proximity to innovation.
like being in proximity to innovation.
And so I think that same principle applies to Monad
where I do understand like this,
who cares about decentralization, whatever, blah, blah, blah.
But as much as Monad is this like decentralized thing,
it's also an innovative thing
where most other chains are kind of just
further centralizing, further centralizing, trying to edge each other out on a few millisecond latency.
Ramonet actually is pushing the boundaries of the EVM. And I think a lot of developers like that
and want to be near that. And I think that this mindset and approach from us is actually why
we've been able to retain so many of the developers and teams who are building on Monad for so long.
Because they themselves want to be innovating, and they themselves want to be on the frontiers
of tech. And so I think it's pretty natural for developers to gravitate towards the chains that
are innovating the most.
Yeah. Can you give examples of dApps which are actually leveraging the EVM plus innovation which Monad has done in their applications?
Yeah. I mean, central limit order books are a pretty good example of things that don't really work
without, you know, low latency and high throughput
but there are other chains also which have like providing the same in evm ecosystem or is it just
yeah there are other chains that are so i want to understand like when you talked about the
technical innovation of the chain and you talked about how the developers are really using it and excited about it.
So I want to see some use cases where developers are actually leveraging the innovation which Monad is presenting on the table.
Right. I think anything that is.
It's twofold, right?
It's one, it's building applications that won't work without the tech.
Well, then two, it's also building applications that don't have scaling limits.
Because you can build a consumer app right now, and you could go and deploy it on Ethereum.
But then you're asking your users to potentially pay $0.50, $2 transaction fees.
And then if there's a bunch of network activity, those fees can spike dramatically. On top of that, there's other
chains that exist where they have low gas limits. And then if there gets to be too much activity on
the network, fees start increasing and whatever. And so there are chains that basically set limits on you as a developer for how big your app can actually grow.
If you get too many users and you're building on the wrong chain, well, now suddenly all of those users will have their experience ruined because your app was too successful.
And so generally speaking, yeah, I mean, it does matter.
Like, it's twofold.
It's one, apps that are unlocked by the tech,
but then two, also simple apps that, yeah, can run anywhere,
but how large can they actually grow?
okay so i think i mean this we can only find out once it is in production and some apps
some killer apps come out and they start processing maybe at least thousands of
transactions per second i think that would be like that's a future future thing i wanted to
know if there is anyone which has demonstrated in the...
I've had a very long testnet for years.
At least, I know, maybe at least one year.
So were you able to see any kind of stress tests
or applications which achieved any of that?
Are you saying, have any apps on testnet like been viral breakouts and had demand of a thousand TPS?
Yeah, I mean, even for like some time, I mean, what because like I'll tell you, it's I mean, testnet environment is like way different from the mainnet environment.
And I really I'm not sure like how
many apps actually stand to get benefit from it but from what you're telling me there are some
apps like if some app grows really out of the bounds they might get benefit from what you are
building and i think those would be mostly consumer apps or trading apps which could
gather a lot of transactions but then if a if a chain is able to support like incredible amount
of transactions at a very cheap cost how does the chain make money i mean because fees is going to
be if the fees is going to be almost negligible for almost very large amount of transactions
the revenue goes down and i mean the network protectors are no longer interested in safeguarding the rails.
Yeah, I mean, like Solana has this model of basically high TPS, low fee,
with a very consistent median fee.
And, you know, they do the most, really, the most REV of any chain.
Like, so, I mean, I get what you're saying about fee compression,
but I guess, like, in your opinion,
I guess in your opinion, how low do you think fees will get on the most used chain?
Because I think there is some level of premium that the most used chain will have
because people are willing to pay that premium to get access to the network effects that exist on that
chain and the opportunity that exists on that chain.
Right.
And so just for example, like, let's say that, that the transaction fee is one penny.
Okay.
Okay.
So, if the transaction fees are one penny,
then your yearly REV for a network that does, let's say,
one second, I'm doing the math.
If your network does 1,000 TPS in transaction fees or a penny...
Give me a sec.
Right, so at one penny and one and 1000 TPS, your chain generates 315 million in REV per year.
And so if your chain does 10,000 TPS at one penny, your chain does 3 billion per year in REV. And so like, even with these fees compressing,
the chains that have a ton of usage still, still are going to generate a ton of REV,
right. And it's going to be a power law. And there's always going to be these,
you know, these like random edge case L1, L2s that have no usage and their fees are 0.0001
cent. But I don't think that for the top, call it two or three chains that their fees are 0.0001 cent. But I don't think that for the top,
call it two or three chains,
that their fees are going to be zero.
Like their fees are going to be probably a penny
or maybe even more, you know?
And that alone with a ton of usage
just equates to billions of dollars in yearly REV.
All right.
Okay.
Thank you for taking my questions.
I really appreciate Bill and Tunes
bringing me on stage
and taking my questions
even though I'm not really
having the good questions to ask.
No, no, no.
We want the hard questions it's
good it's good yeah so i i really appreciate you giving me time and say thank you yeah for sure
feel free to send me a dm if you have more questions or thoughts or whatever i will i will
i will do cool all right appreciate you man have fun in singapore okay well that was good. That was fun.
Good time.
Yeah, just another classic
girl space. A Bill and Toons
girl space.
Basically.
We have
the infamous Knal here.
Hello. Welcome.
Now I've got to think of smart things to say.
I was just using Cluely that whole time.
Classic youth.
I think at face value, I think people just kind of oversimplify things in their heads
with the way they think about this stuff.
And if you apply a little bit more critical thought things make more
sense what is that music canal well actually i'm sitting in a cafe because the wi-fi at my house Nice. Well,
I feel like we had something for everyone in that space.
Did Junkie leave?
All right.
Should we cut it, Bill?
I reckon.
All right.
We also do have Beans here.
Beans, you want to say anything?
Thanks, Jones, for giving me the speaker. I'm just here to farm, though, but yeah.
Like, I just want to say something like my thoughts on community. I don't know why people usually keep the word gatekeep even though it's kind of more different when a person really interacts with a community. It's really different though.
In my side, KB literally explained what Monad is to me. on the House of Molandak days,
they were like so genuine to me explaining how Monad works.
And also some goofy ass to Red just explaining
how community works as well.
So yeah, it's been really nice though.
And also I just want to share to you guys
that my cousin just passed
her board exam
psychiatry so yeah
that's all
alright no one cares anyways thanks everyone for joining
fun and uh
yeah I guess
we'll see y'all next week take care so Why do I have to wait so long?
Why do you make me wait so long?
So long for your love, so long for your love Why do I have to wait so long?
So long for your love, for your love
Why do you make me wait so long?
So long for your love, so long for your love Oh, yeah. I know that I have to wait so long, so long for your love.
Why do I have to wait so long, so long for your love?
So why do you make me me waste a little For your love
Oh, do you make me waste a little
So long for your love
Oh, life is holding you
Life is holding you
So long
You don't have to waste so long For your love For your love Oh, no. Thank you. Oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, I'm waiting for you like before. Yes, I'll be there.
Why do you?
No matter how long it is. Thank you. Oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, Pretty bitch right And I'm right back. Oh, my. oh I Is it desire? Or is it nothing I'm feeling for you?
I won't desire.
Cause your love only gives me a view.
Cause it's just a love.
Cause it's just a love.
Cause it's just a love.
Cause it's just a love.
Cause it's just a love.
Cause it's just a love. Oh, yeah. I must be tough, I must behave, I must be fighting
I must behave, I must be fighting.
Don't give it up.
I want to keep us compromise.
I'm moving on to the end.
To the truth that you're denying.
Give it to the end.
This is that you've been hiding.
Oh, my God. Oh uh so
