X1 with Owl

Recorded: March 16, 2024 Duration: 2:25:22

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Hello, hello all zinians and now also all hexicons
I don't know if there are any hexicons here, but
They were already here because our community is made of
Hexicons and and but now we will have them all
Please retweet the space and request the mic
So before I start I wanted to say something about X1
For all the new people that are here
I will start from saying that
X1 is going to be faster than Solana
You know that Solana is the one of the fastest on the market and
Everyone to all everyone to want to everyone want to have the fastest blockchain
But there there is this
skill ability skill ability through lemma
Described by Vitalik
Which says that to achieve scalability you usually need to compromise on
Decentralization or security and you cannot have all three together
But X1 that Jack is building solves this by forking phantom
Which you probably know that it that it's
One of the fastest chains and he implements a series of improvements which make it even faster
Phantom is a DAG
and it has a parallel processing of transactions and
And one second block finality most blockchains know
Most blockchains follow the Nakamoto consensus
And it has a sequential processing, which is much slower
Phantom but phantom has only
59 notes, I think and
And when we started testing our X1
Our number of validators surpassed 400 nodes and the network became very slow
Due to because there is too much message exchange between nodes and that was an issue
Because we need to be the most decentralized chain community chain
So it cannot rely only on but it cannot rely only on 50 nodes like Phantom and
to do that
Jack proposed a new consensus model and
Which is faster than Solana
You know that Jack is the guy responsible for scaling Google
And so we have the best man for the job and
Decided to do this
Consensus algorithm and
It has an AI transformer engine
Which will aid with achieving consensus
This AI will select a set of nodes
Which is called
committee or subcommittee and
They will participate in
Consensus
But the number of nodes will be unlimited and
They will be
by AI on some criteria like speed, uptime
maybe even
geography
the location
And they I will choose the most performant nodes and achieve
consensus to achieve consensus
It won't be a fixed set of nodes and
And they will be this AI will be able to learn from the data and
Choose the best nodes and that's why the network would be much faster
What else?
X1 will have an L L L N scanner. So this language
Model that will
Verify the code and so the when the contract when a contract will be deployed to the blockchain
The AI will notify the developer that the there is some
some problem
It will also
Probably through some wallet or something it will notify the user that it's some rockball or scum
And it will be all built into the chain on the on base layer. And this is something no one
else does
so this is a really innovation brought by Jack and
We've seen also that many chains couldn't handle its inscriptions and the founder of avalanche was
very upset about them, but we embrace them and
X1 will be the first blockchain to introduce this
L2 sequencer and
We which accelerate the amount of inscriptions
Transfers and trading
Its speed is like eighty five thousand transactions per second. So it's really really fast
They are inscriptions style Rala roll-ups built into each validator node and
So it's like blockchain and on top of a blockchain with a
Virtual block
Which is like
It's like having a virtual trading machine on the on top of
X1 is also a hybrid between proof of work and proof of stake
We already mine our zenium with our GPUs
You can mine with your own PC or you can rent a GPU for as little as few cents or per hour
You can do it on the vast dot AI or run pot.io
The first having could occur in a few months so you
So you better mine now because after you will have you will mine only
half of that for the same price and
And then to just announce that they are working on something called merged hash hash injection
The hashes will be rolled up into x1 and you will be able to trade
XnM when we launch x1
So when this poor proof of work match with proof of stake I would say that
The the x1 launches and but obviously Jack is the one who has a say here
What we know now is that xnm is zenium is an
Economic security token that will be staked by x1 nodes and
We will get xn rewards for this
And it will be important for establishing consensus
as an alternative there will be
The miners will be able to render images
The user will pay them with xnm
they will bid on a GPU time to render images and
this images will be used to create NFTs and
The fee after will be paid in xn when they will be published on x1
there is also the
Egon layer
There's also Egon layer with
Little likes taking that will allow for three
Streams of passive income
You will be able to stake if and
So you will get rewards from this also you will get in exchange
Which we you will be able to use in other protocols and get the rewards from there
And all you will also get xn on x1 chain
And so this is cool
You can request the mic if you want to join the conversation and
Yes, it helps the hex airdrop so after the recent
recent tweet by Richard Hart
That caused a huge drop in the
Ethereum price that was like
Jack decided to make an airdrop for
For the hexagons and
The he announced that the snapshot will be on 9 March and
So right before the dump happened and the many people before many people lost
Salt at a loss and it will be to all
Hexagons who have
Who holds then on postering and on ethereum not only on not only on
ethereum and
Yeah hidden later said that the OA address will be excluded because it's the one that
The most than
The most if
What else we know
Internet money wallet said that
That you will be able to have your ex hex
On that wallet and that will it will track the price of ex hex and also of
Al thanks for putting on the space
Just wanted to ask a couple of questions
Just to clarify so x1 is the name of the chain
What you can is the proof of work and that will be the coin and is that what people will be?
Burning the Zen from the various chains for
When they do it at least that they're doing the year of the the full moon parties or whatever it's called
Then what's what's xn?
That's my first question is what is xn and the second question is I
remember there being talk about how they're going to have slightly different tokenomics to this chain in terms of
for developers who
Want to put contracts up?
I'm sorry. I cannot hear you even because someone is insisting so much with
That I cannot even hear you. Maybe someone else can
Join to help me
And to answer your questions and because I didn't you didn't hear anything that can anybody else hear me
Or others no other
Cryptobra, can you enter them?
Yeah, I mean
Maybe someone else wants to request to speak just to even say whether we can we can be heard I can be heard
Or can someone put a thumbs up if I can be heard
DJ takeover
Got a thumbs up from someone call call call big delay though
Yeah, so look if somebody does want to
Like come up and speak as well, but I've just got a couple of questions like I'm not exactly sure what xn
Is like xnm is obviously the coin of the of x1 and that's what everyone is
mining at the moment
And as far as I can tell like part of that
Distribution is going to be through mining and then part of it is going to be through people
Burning zen from various chains. I guess they'll have to change the ratio of how much zen on each chain is is worth
And to how much they're getting so my career. My question is what is xn and then also
Think that I heard talk a while ago. I'm not sure if this is still the case that there was going to be
slightly different tokenomics on x1 in terms of developers if they put up a
contracts
Get some of the
Transaction fees like part of the transaction fees obviously you have to go to validators
But then and then I and I guess there'll be delicate is a delegated proof of stake to those validators as well
that's what the staking of xnm comes from and
Yeah, and if like is it do we know like how much is there any kind of like do we have any updates on information about?
Is that is is it that you know developers will be able to earn xnm through usage of their contracts on x1?
Is is that the case?
Yo, I guess what's up y'all hey, bro
I guess I was phones blowing up, but yeah, I'm making a pizza right now. I was like oh shit
I won't burn my pizza. We take that out the oven real fast
but um, I heard your question about what are the differences between the tokens and
You kind of I mean it sounds like you're on track
The xnm coin is the proof-of-work coin so that one is just to secure the network
And it's created with
Like proof-of-work
co-census
Whereas xn is the delegated proof-of-stake coin for the x1 blockchain
So you get a snap you get?
xn coins from
various outlets
one of those being burning Zen
You can also get xn coins from swapping VMPX
Since the chain isn't live you can get xn coins from participating in anything fair crypto
So like if you've mined VMPX or you're like mining
Zen and making
Zen FT's each action is actually getting you a tiny airdrop
when xn is released or when x1 chain comes out and
Then there's gonna be an auction where every day for 300 days
There will be a million xn coins that you can burn your zen for to try to get as many as you can
Yeah, there's gonna be all these different ways to get the actual xn coin and it's the governance for x1. So I do believe
Obtaining it is an action-based like participation
Type experience so with when it comes to development
devs are also in this
distribution experiments where if you were to create an app or a dap that was
Attracting let's say like 80% or what is it? Yeah, if your dap is doing
a high volume of gas and there's no percentage on it yet because I guess we don't know what it is
But if you if it's like producing a lot of traffic and burning a lot of xn then the developer actually gets that
xn instead of the burn
So it's like as soon as you make something that were to do a high volume of transactions. You would probably start seeing
profit based on just your dap being
Used by users. So I think that's actually gonna be a really cool thing
I think a lot of people will think of new ideas on how to just create clicks
Right now on the testnet the gas is a super duper efficient. So it's it's looking it's looking like yeah
It's gonna be a really
Really exciting to get x in coin because it's gonna be coming from every angle possible
But the hardest coin to get is X and M because that one's proof of work and that's why it's the security coin
Yeah, yeah that does and so just to clarify the difference between X and M and X in
Like the validators who will be securing the transactions of the chain
They'll obviously need to be paid and they said are they be being paid in both or just X XM in
Yeah, yeah, so if you're running a validator you're actually on the X one
Layer, so there's not any validators for the proof-of-work coin
The ledger for the proof-of-work coin is governed by X one chain and that's where the collaboration of the two worlds meet
the difficulty that
governs the argon to is
Calculated and governed by X one chain. So X one chain if you're running a node
you're actually getting paid in X in coins, that's where the
The like that's the coin you're gonna be getting distributed to you for running a node
And we have two different nodes too. So it's gonna be pretty dope dude, like
It's it's designed again to distribute X in to participants
So you'll be able to do a full node or you can also do a read-only node where you're not producing blocks
But you're helping the ledger
Just have an extra copy of the of everything to keep it more and more decentralized
But yeah, everything is governed under X one and then X in coin
So, okay, so
So in terms of this, there's a proof-of-work component and there's a proof-of-stake component
Like what's what's the relationship between them? Like what?
Yeah, which which one secures the network and how like or validates transactions
Yeah, I guess that's like the confusing concept here when we talk about proof-of-work and proof-of-stake so
originally before the Zen blocks
Inception the only way to get X in coins was going to be through the portal of burning Zen
But what Jack and team realized is that a lot of the other blockchains that Zen were launched on
They weren't as successful as they could be because of the cheap block space and and that's essentially what was was gonna happen to X in
Or X one chain if we were importing all the value through an inflating coin
So X and M was
Incepted to basically secure X one chain, right?
So the value that the value creation of the proof of work is what is going to secure X one chain
So that isn't the same security
I guess you can say is like a cyber attack on the network that like if somebody want to come to D dos
X1 chain, they would actually be D dossing
Like the X in network like it wouldn't be anything to do with the POW
Because that's just like Bitcoin and it's a layer within the overall
Blockchain and that's where the collaboration is you have this layer the security layer that actually has a point of value
You know, it's essentially there to be the vault
Is what we're calling it all your fair crypto projects
You want to vault them with X and M because there's only six hundred and ten million of those tokens and those tokens
Have a 15 year distribution scale with 50% of the tokens in the first year. So that little bit of security model
Is actually kind of adding to the overall market cap of the whole late of the whole
Blockchain and that's what we mean when we say security like X and M brings security to X one chain
But X in is the physical token. That's like the gas token. That's the East
That's what's gonna keep the system robust and all of all our transactions will be priced in X and X in
Yeah, okay, I mean I'm maybe it's just about my pay grade. I don't quite understand what the purpose of X and M
Is in like in how it secures?
Like chat like did well because you have to take it like of because
The way it sounds like you want to apply it is like a utility
Right, like it's like oh we we stake this and we use this as like a gas coin
But what's crazy about the way that it's architect in this formality is it's like a Bitcoin for the whole
system so X and M is really for a different type of crypto user who doesn't like maybe
creating all of their value and proof of stake and
This is what a lot of other coins don't have they don't have like extra
And I don't know how to explain it, but like you can this is why it's kind of been confusing
No other chain out there design like this where they have a proof-of-work model that is designed to hold
Liquidity and it's it's it's confusing
But yeah, everybody in that is in blocks world like if you go to zen blocks right now, they see it as trapped energy
Right. It's a different conversation. It's like the Bitcoin conversation
Like we're moving energy around the planet with our with our X and M and the X and M
Is gonna probably be the most valuable coin out of all three
But that's just simply based on how it's produced into existence, right?
So that's what?
It's not necessarily above but you have to separate them before you bring them together
And X and M is totally living approval work lifestyle right now like the whole community
They're all building the security
And we're learning that X and M will be the first like ERC 20 on x1 chain
So it's really just a valued coin in the ecosystem
Less about the security of like the blockchain because the security of the blockchain will be the DAG and I'll be the validators
Better have a hundred thousand X in stake to the node and all that jazz
But that's like a whole different piece of the puzzle to the X and M
Okay, thanks. I'm Matt. Yeah, I'm still not quite getting what the purpose of X and M it like in how it actually secures
It's just like it's it's it's obviously it's a token
But like how does it like it's actually the X in which is securing the the transaction which is carrying the database
Hey, which is the blockchain
Well, maybe I just need to
Go. No, that's exactly it. Like okay
So the database is X one chain and X and M is essentially
The value of that database but in the form of proof of work
right and all of the database is
functioning on the
X inside of things, but it's not
It's like I guess. Yeah, it's really hard to separate them because they're already separate
But yeah, I would I would say research them separately and then bring them together because they work together
But not in the formality of like X and M is a true utility. It's a store value
Okay, so it's just it's just how you basically mine a token on the chain and they're calling it the
the the main coin of the chain
So yeah, what also we've learned is X and M for instance
Like if I'm mining X and M
The only way I can get my value back is through X one chain because X and M won't be on aetherium, right?
It's only gonna live on X one chain. So all that value that's being created will be
essentially stored in X one chain, right because
me for instance
If I want to take 10,000 X and M and exit and sell my only way out is gonna be through X and coin
so I'm injecting my proof-of-work value into the chain and
essentially pumping all of the I
Mean, it's the D gen way of saying it. But yeah, you when everybody goes and takes their value back
They have to do it in X in which is gonna essentially pump X in
And this is where they collaborate, but that's not necessarily the big picture if that makes any sense
Like that's just where they collaborate
And and so like on luck on aetherium, you know people can just put on a contract and
and and they can basically you know mint however many
tokens, I mean I assume that's what's gonna be done with XX is just there's some sort of contract which just
Airdrops and what will they be?
Like they're not they're not obviously not they're not gonna be they're not proof-of-work. So will you have a choice?
Like what other will there be other proof-of-work?
tokens on
On X1 and you can choose whether to do a proof-of-work token or you can choose to do just a contract which you know
Mince up however many you want or would like, you know
All the means we've seen and all that kind of stuff or whatever tokenomics is within the whatever contract is put up
Well, yeah, there's also merged mining in the in the xenium layer where you essentially could make
like a merged mining
That's proof-of-work inside of the environment of a proof-of-stake
Concept, I mean that's a little high level but that's what that's essentially how all of this is starting right like Jack and team
Created this proof-of-work coin that they're installing in this proof-of-stake
Environment and now this can be like replicated by anyone if they wanted to choose it
But it would that would be the most difficult route like the simple simple route would be just making
Coins on top of X in our X1 chain and doing like ERC 20s
But essentially you could make a proof-of-work coin in the proof-of-stake system
Well, that's what XNM is, huh
So when we're so when I so when I send if I send some XNM to you
that's gonna be validated by the XN side of it and
I have to pay in XN to send it
Yep, that's how it always will be you'll always be an accent. Okay
so there will be other so
do you think like
is it do you think it's more secure if it's a proof of work within a
Proof-of-stake system. Is that just more secure or something like that or is it just
What's the I guess I'm just trying to wrap my head around
Why XM in?
Well for me and like the way that I
Comprehended it and just kind of from my experience in crypto. It's typically
When you look at the way that crypto is structured on a co-census level
it's hard to
Like it's hard to keep the value after you release the coin and every coin that's ever been released when you really do the research
They have like a VC pie and then it's rolled out and you know
Everybody's fighting for this release
And then proof-of-work is pretty cool because everybody can turn on miners and mine
But typically there's no direction like a Casper and they're like out from
2021 and they still don't have smart contracts. So there's like this weird medium between what is
Distribution and proof-of-stake and then what is distribution and proof-of-work. So with this new model
We're kind of introducing both sides at the same time
and that's what I think is really cool is that the
Mind fuck I guess is that you're mining a coin that has no value until there's a main net
So all of these people are in the sin blocks right now. They're mining
Literally with like into a black hole because we don't know what the fuck is gonna happen
And so x1 chain launches and this coin this
X&M ERC 20 is available in x1 chain and I can trade it for xn coin and
Hopefully the xn coin has a bridge to eat and then I can get to eat right?
So that means that this proof-of-work this electricity is actually inside of the blockchain now
It I have to go through four different steps before I get to like the surface
And I think that's actually the one of the coolest ways to build value because the the way that people get to the surface is so
Quick nowadays like nowadays, you know, you can literally just go buy any shit coin right now and jump in and out of it
But with xn m if you mine it the only way to get your coin out is to go through the x1 system
So it essentially is protecting itself inside of itself when it comes to the volt value
Okay, and so and so, um, I
Obviously because they want to introduce this the AI into the consensus mechanism
I imagine that's they're doing you know, that's going to take a little while and there that's why we've you know
It's but it's it's the development is, you know ongoing
Now I've forgotten my question
Yeah, no the eight because the AI part is also pretty gnarly
Because it's that's in the co-census layer of of the overall x1 chain
Yeah, so that's just like an extra piece to like make everything even better
And I'm sure we were talking about it in the in the telegram, but I'm sure even the proof-of-work world
We'll see an AI transformer because it's just gonna make everything so much more efficient
It's yeah, you're good though, bro. Everything is fucking confusing. I can't wait for mainnet so that it
Yeah, yeah
Okay, and so and so we don't have obviously a date when like it's expected to come out or anything
they're still just they're working on it, but have they actually gotten AI models that they're
they are actually testing it's like like something or is it still in the design phase and
Do we have any idea when they like is it still gonna be like I think was gonna be like a year of burning
Like Zen or nearly like 300 weeks or something, you know 300
Well, I'm not even sure what it was
but it was like yeah, like just under a year or something of burning Zen in order to get xn is that that's still hasn't
been announced or anything like that and will that will that happen as the chain is
Is launched or what kind of timeline do we know at the moment?
We don't know anything
We don't know
Hey, but for real, I don't like to know anything right? It's like everything seems to be running really smooth. But um
Yeah, I mean there's more mainnet talks, but there's really like there's like nothing really
And I mean it's it's a
You know, it's like technology right like we can all see the vision
But I feel like the day that it drops will be
Just a day that someone wakes up and says today's the fucking day
But I feel like it's super close like we're we're to a point now where a lot of the people that are in the middle
That are staying up to date with everything
Are kind of like where are we now like we're talking about price and stuff now
So this is fucking weird because two months ago
We were only talking about tech and now we're just like casually starting to talk about other things
So hopefully it's close
But I don't know man
And I chime in there's no line
Execute what's up tech in what's up execute? I
Just had a good question
Jack has a space today. I was wondering if you guys could tell me how many hours from now that is
Because the clock that showing for him is like
Because execute tomorrow tomorrow, yeah, I think it's about it's about nine hours from now
Okay, good. Nine hours also
No, no, no more than that. It's nine plus twelve
twenty-one
Because I think it was eight it's on it on his arm Twitter his you can see the tweet
So died ours good bit through here I
Think it's like 8 30 tomorrow for my time. So I think that's like 21 hours from now
21 hours from now
I mean just go to his just go to his yes
Yeah, I checked it but it's it's all messed up for me fucking Asia
Have a look
Okay, so I just wanted to kind of address like I can't be I that's all I can see for your name or
Say what I'm blue bum
blue done
Blue bum you can just call me bluey. Okay bluey, dude. That's like the cartoon
That's perfect. Yeah
so, okay, um
The easiest way I would try to um to try and break this down for you is to um
To give you perspective from other projects not to compare
Not to compare each not to compare the project
apples to apples
But basically like the cycles that it went through to get to mainnet. So if we look at like, um
What's that that that major project? Um manta that went live. So manta took uh a year a year and a half
in testnet
and manta
Actually, like you had to lock up eat on manta network to like
Do anything or to test the network
In a sense what manta did was they they they locked up people's value on top of the network
Tested with it then went live air dropped everybody
a portion of the um
The farm token so to speak that they were farming
So in a sense you could apply that
Halfway strategy or um, kind of like logistics the same way like x1 is going about it
Or better yet, you could just look at like like kadana
For instance, the only difference between kadana and like say x1 is kadana actually raised funds
To fund their mining. So that's literally how miners are being paid out
They raised vc funds
So when when I buy my gear and I hook my gear up to kadana's network, that's how i'm being paid out
the only other comparison you could you could um
x1 to would be like kind of like
Bitcoin because nobody got paid when we were about when we were mining bitcoin because you see what i'm saying
the miners transferred the their value or
economic energy, that's the easiest way for me to break it down for you because
everything in the world is whatever whether it's it's sweat equity whether it's electricity plus hardware
So you have to take these things into consideration and that's actually what makes value
And money is just the easiest form that humans choose to
transact economic energy
Energy is the easiest way I can like break it down for you
I'd say that it's all about the distribution that
You can have the widest possible distribution with this
by mining
while other chains that have
pre-mined coins
they just
print them with a push of a button and
after the foundation
foundation or the founder distributes them to themselves
or to other
and like I don't know vcs or
foundation marketing things like that, so they decide where the
tokens go and they can
So they they manage the distribution and after when the chain
when the validators come up
They can come all from
basically basically
from the same team
From all the let's say insiders
And they are very concentrated here. We have this
distribution through xen through
vuempeix through various sources and also through
You know when you mine with electricity with your gpu
You the the hash power is not concentrated and it's like having
for example bitcoin
The miners let's say that they now they need to you ask about security. What's the
What kind of security xenium gives so if for example bitcoin
proof of stake part
So it would work like that that now they they they have bitcoin they need to stake it
they have
Some rewards. Okay, xn rewards
But they are miners. So they with their stake they secure the chain
And they will not compromise the chain
Because they would compromise their their own stakes, right?
so this is the kind of
Yeah, so so when when we're mining xenium blocks
There's three different
coins that we get
Um, i'm not even sure if they're coins or tokens, but there are there are there are there's the xnm
There's super blocks and there's one other
I forget what it's called now
Um, so we don't actually know
What the only we don't know what if there's any many
Like different uses for them at the moment. They're just like there's just a difficulty
In a different difficulty for each of them. So super blocks are you know way rarer and so
Theoretically they would have more value because they're harder to mine. So is the only difference between
those three at the moment that
Is basically that that's just the difficulty in mining them
um, there's a
They're all going to be
Every coin that is mined on xenium will be an erc 20 on x1 chain
Yes, it will be a proof of work coin in your possession and that's something i've asked jack before it's like what is where like
Are you guys working on a wallet for the proof of work side?
But then they were saying like oh it would be all proof of stake
So that's a little bit of a gray area for me to answer to be like are the proof of work coins?
Like there but they are being logged with assault like every single block you mine has assault
So you do have ownership of every block
Hard tangible discussion. Maybe there might be some weird shit there
uh, long story short though these coins will be erc 20s in the
layer, so
Zoonies could take on another life
Right, like since it's an erc 20 if people come and build yield farms
They could essentially build yield farms and have zoonies in it so that they can attract an audience
um the same go for super blocks
Um, and then the xnm coins, of course, but xnm itself if if you saw a week ago jack posted that um
It's going to have an ai task market. That's also utilizing the gpu power
um to render ai task
So that that is um, I think another really special piece of the puzzle
Uh, because if you've seen um, the ai coins have been booming one of the biggest ones is render
Which offers the same service and I think it went over over like one bit or four billion dollars or something crazy
Um in market cap, uh this past week
But um again ai tasks are huge and people will be paying
for tasks
um in xnm coins, so there could be um
an opportunity to include the other coins if
You know fair crypto were to add those to that application
But that application kind of kind of shows like there can be a lot of things that are built and used
With both the xenium layer as like an ai task layer
Um, or the um x1 layer and using like a zoonie
As an erc 20 and you know pairing it to a yield farm
um, so I mean that's just kind of
The the hopium of the future
But that's really what those coins are. They're they're going to be diversified. Uh like that
Yeah, it really it really does feel like a um a puzzle
That you have to kind of put together
Or it would we don't know that is being being put together that
We don't fully know at the moment
Yeah, well because realistically I feel like being on this ride with x1 chain
We're getting a blank canvas blockchain and and everything that I see coming from fair crypto or just blue blueprint tokens
To offer ideas to think about like well, what else could you do?
Um now that this this path exists, right? Like now that we know multi
Multi-merged mining exists like does somebody want to take that path and create something new and create value over there
But um, I do think what x1 solved that creates its own value
Um is the proof of work inside of the proof of stake to make sure that the value created
Doesn't just get like let go in the decks
Like this is um, I think a really strategic way
of bootstrapping value
To a blockchain that i've never seen before and just like al and takin said like most blockchains bootstrap strap value
Um with inflation from vcs
Or they have some sort of scheme to never really get it off the ground and with x1 chain
This is in my opinion the people's chain where you can get your piece today
And knowing about it, you can always get your piece
You're never going to be late. But once you hear about it now, it's that bitcoin thing, man, like everyone that faded bitcoin in 2013
Like they're walking around sad as f but i'm not trying to say you're gonna be sad in 10 years
But this ecosystem is definitely built as a blueprint
to explore ideas
And all of the things that we have here we can create new things like we can create new zins
New everything. Um
But yeah, all the other fair crypto things are are just blueprints. What's what's up, uh zimpub?
Welcome to the stage
Oh, hey guys, can you hear me?
Yeah, cool cool. I'm on a headphone. So i'm outside walking. I didn't know we can if it actually works
Anyway, somebody was asking about those blocks and the differences between the blocks
Yeah, is that a question? Yeah
So basically you always mine
only one type of block it's
the regular block if uh
What makes it super block is the
Once you look at the hash
It's the number of capital characters. So if it's over 65
That same regular block that you mined is basically counted as a super block
And what makes it a block is actually if it contains the characters zen 11
if it's uh
If it contains the zuni
Character and I think it has to be followed by a digit
Then it becomes a zuni, but it's still
same single block that you mined you can you could basically even say that um
you know if uh
Jack decides in the future that uh, you could mine different type of uh
Those become different type of blocks, right? So right now we have zuni's we have super blocks and we have regular blocks
You can find whatever joseps, right?
It really is something of the things you're searching for
and zuni's
They are special in a way that uh, you can
You can only submit them
Uh minutes before the hour and five minutes after the hour
so if you find it
The server at the back end server will reject them
Unless you're submitting them
Five minutes before five minutes after the top of the hour. So
That's how it works. Yeah
Basically the only difference between them at the moment
Is the difficulty in or rarity in in mining and we don't know what
Yeah, it's not actually well to some extent that's true
What makes that well there is like different notions of what difficulty means here
like the difficulty is a memory setting of the argon 2 hashing algorithm, so
at the specific
Higher it is the longer it will take you to
Find because it is a high requirement on the memory when it comes to the encryption that is being used there
but when it uh
When you're talking about the difficulty of finding blocks
That is actually defined by the characters you're searching for obviously
If it's a one letter character within uh, whatever string that has hundred letters and
Of all it's often numeric numerical characters, but
If it's one character you find it very quickly
at the very very beginning
When jack was testing it
Like I think it was only zen zen one or something like that. Then he added
11 because it was too easy to find these blocks. So
So now you're searching for zen 11
or for zoonies, so
uh, those are the type of uh
character combinations that you can search for but again if uh
Let's say in a in a future, uh jack would want to somehow tokenize
Different type of other
Tokens outside of the zoonies and regular blogs could they could
You could mine for them just by adjusting the search script
To actually search for for those and the backend server will have to be obviously adjusted to accept them. But
Yeah, that could happen. Okay, and so when you when people say merge mining
All they mean is that you you you mine zenian blocks and you can get all three
at the moment
Yeah, so that's uh, well that's different too
so the so
So you mining actual blocks like actual you're solving
uh hashing
Or you're actually finding hashes with those particular strings
And when you find them and submit them and they are validated
uh by the
and accepted it accepted and and as uh,
if the bro said they're actually salted with your ethereum address, which
uh at the moment of uh mining like the first time is mined and before they're transferable
They'll give you the ownership or verify their ownership. So nobody can intercept that message and claim it
for themselves
but anyway, once uh
once that
Once that actually happens that verification then
backend also says, okay this ethereum address
Will get that block and for that block will give him a reward
And the reward is called zenium
So x and m and x and m at the moment for every block you find
regular block not zuni block so
Anything that contains zen 11
You will get 10 zeniums. So
I think the genesis
Was uh in september
Of last year I believe
so next september
uh, that's gonna be
halved because the
Halving is every every year
Uh for zenium and at that point for regular blog you will get only five zenium
And the year after two and a half and then 1.25 etc. It's gonna help like bitcoin but
Except every four years is gonna happen every year
Okay, and with the um, like with the vmpx
like I got
Like I um, I tried it out the the bridging in between the
The b or the brc20 vmpx and the erc20
basically, they use
Like this this up this other person's this other blockchain at the moment. Are there are there plans to?
Like oh just two questions has that bridge been
used a lot
and also or how much has it been used and are there plans to
like have their own
That it that uses x1 or is it?
Is it just going to stay with those other people? Um, the liberal wallet the liberal blockchain
Yeah, um, I don't know like um
Not involved in development of anything like i'm just kind of just looking at the stats and
Uh, I know i'm aware of both like vmpx on the brc20 side as well as the erc20
And I know that people can bridge them
Or I heard about it, but I haven't tried it. So I don't know you know more than I do
Okay. Well, I also just I love your website man. You got an awesome website. Thanks a lot for putting it on
Oh, yeah, thank you
Yeah, like the whole like uh bmpx thing is just I feel like almost experimental for what we're producing now because the now is like
Putting the chain together and making this co-census
Work between the proof of work and the proof of stake and and I mean again
Like that's what's uh kind of wacky about it is the x1 chain is already
Um governing the difficulty for xinium
Um and and helping with that collaboration of like merging two networks
So that you can have our proof of work network inside of proof of stake network
Freaking mind-blowing sometimes when I think about it because if if all of us didn't just start doing this
Um, this was kind of like an open opportunity for anyone in crypto
But i've never seen a project really attempt it this way where they build
The actual proof of work inside of the vehicle of proof of stake
Um, oh, yeah, because you'll be able to stake your xnm
A read-only node to keep it in the system
If you don't want to like sell it and you want to yield more xn coins
You'll just be able to fire up a read-only node and then stay sent to it xnm
All right, can you get into that?
I think zen pub's outside and maybe that's why
No, does that sound better or you made a mute as well or
I don't know cool. That was it was a sin pub. He was outside working. That's why
Yeah, i'm outside. So i'm gonna go on mute
No, no, I wanted to ask you are you going to bring some project to x1 or you are just
keeping sticking to the stats and
The stat mean well the stats on their own are like
handful, so
you know probably
What i'll try to do is like concentrate on this one thing and do it well
But I do have some ideas. It's just the
time-wise
It's sort of hard to accomplish by one person doing it, you know after
full-time
Job, you know and plus family and kids and everything so it's uh
I'm trying to do my best there, but
One thing that I you know, I did have in mind was
like I have a minor which
I still haven't released because it's a
Because there was another project that came came out and it's doing pretty good job and live it's still a little bit buggy
Even though it has certain advantages over what i've seen out there, but uh, it's uh, it's a little
At the moment, but that's gonna come out
eventually
and uh, there is uh
Another project that I was thinking about doing is
Is to actually allow people pull
uh the computing power
Into like a single mining pool that would be then distributing the those blogs and possibly like staking
uh in a single node
Which would have a lot of staked xn and that xn would
Would get like that node would be like more powerful
It would get a lot more rewards than maybe those less powerful and that could be distributed to the people again
so those kind of pools
then would actually make sense, uh because of the
staking and and the rewards higher rewards that that particular node would get so
Yeah, that's uh, that's an idea that i've been playing like just putting on a paper and trying to design how it would look like
Uh, yeah, so that's
That's one of the things that i'm thinking about
Yeah, so you also are
sticking to the proof to proof of work and
So proof of work
Okay, well you can't really disconnect them right because
Basically like proof of work right now will
Will bring a lot of economic energy into the into the overall merge between the x1
You know proof of stake and and the proof of work side, so
They're not separate
just by the fact that
Probably have pair. I mean the xn m alexandion will have a pair with xn that you'll be able to just basically
They'll probably be like liquiditical for it and you'll be able to extend
Exchange them which means that energy from proof of work
And right now there's like 30 40 grand a day being used from what I see
That energy will automatically you know be able to transfer between proof of stake and proof of work
So I think this basically is going to become one in the way I see it
Yeah, but I what I mean is that um, you know this gpu market is really
uh accelerating with ai and I think that's
Yeah, this will be something
That will be very
targeted by many developers that they will promise mostly to you for for this
It depends and you know depends because so think about it this way let's say
Let's say every right now
You you're running a miner
And it has a gpu
So let's say drag will create some kind of a mechanism
That allows you to take a percentage of that
What would be used for as a
argument to hashing solving
Um some percentage of that would go towards
You know providing power to those who are willing to pay for ai
like for for ai jobs by
Like so you would basically give them like a percentage of your gpu power, right?
Uh, so instead of mining hundred percent of the time
Those miners would decide to let's say offer like 20 or 30 percent of their overall
or gpu power
To those who are willing to pay for ai task and then you could combine all of those nodes
Like let's say you have thousand of them
And all thousand
You know could give like 30 percent of their power to somebody who is willing to pay for it. So you would suddenly have
available
Gpu's to solve ai tasks, so that could become a market the only issue with that is
currently
Everybody's looking at the best price to get into
The gpu's to mine those blocks as cheaply as possible and then
at the end of the day means
They're all looking at the like only handful of sources on the market either. It's a run pod or it's vast
So what's preventing?
to actually
Just go and get it from vast and run pod directly without you know, i'm getting it for the
original price
Okay, can I answer this question because I dude because you are directly talking to me
because I feel like
Like you are new to the space
So you don't realize there's a lot of people like me who have many data centers
And I feel like you don't really understand like the hardware space
Hello, can I still are you still hearing me or is tek is speaking i'm speak or I think i'm speaking
Second speaking be right back. Okay. Oh, well i'll just wait for him to come back then
That's like
ever since nvidia
did their new um
their um, they're cute their
Their the ces
Ever since they did they did that bro
They already led the they already
They already showed that their hand there's not enough ai compute power in the world
That's that's already a thing
so so to sit here and say um
If it's gonna be a market or not, that's like sitting here and say
Like back in the day when they when they first discovered oil and then they made the car and like saying well
There is some kind of a disconnect between what I said and what you what you heard
Um, maybe I wasn't clear. So what i'm saying right now
the plan is to take power from the gpu's that the mine is used and
Offer them to a free market established it is just slapped together. Okay. It is just pieced together
Next one is trying to build it from the ground up, but what you're talking about that market already exists
Okay, hear me out so
What i'm saying is right now if you look at all of the miners
They're they're taking their gpu's to do the zanyan mining from
or like 95 of them
Okay, so if somebody if you're an actual customer and you're coming
To purchase ai power or gpu power, right?
Yeah, like
We could make it much easier for somebody to do it through through our network
Uh rather than ordering single gpu's or so on from from vast but it really
Like if you wanted to just get that power you can directly order it from vast. You don't have to get to the
blockchain network to get it, right? So I think what needs to happen for this to really work is
that people will be able to come and
Using their own gpu's or or different data centers with gpu's
With plug into the mining network
And then offer that because right now at this stage where we are today
It's really just vast and run pods running it bro because of the cheapest price
No, no, it's not like you won't that's what i'm trying to say. Are you a miner?
Are you a miner?
Yeah, like i've been there from day one. No, no, no, no, no, no. Okay. Let me let me rephrase what I mean by that
Do you mind any like
When I say are you a miner?
That means like for me i'm a miner like like when I say like when I ask people do they mine gold like
They mine gold
So so when I ask you if you're a miner that means like if you mine bitcoin, it doesn't even matter. What's your mind?
I don't really care
So so that that leads me to think that you you understand the whole mining the mining space
But from your words, it leads me to think like I don't think you really understand
Because like you you're thinking this is new and this is not new bro
Like like i'm not thinking it's new like that's not what I said. Like i'm trying to understand your argument
No, no, it's not an argument. I'm stating facts you ask you you're saying
I think that there's a misunderstanding because there's like a major misunderstanding somewhere. Yeah. No
For a gpu work I already told them
No, no, I didn't say that what are you talking about?
I know you are not listening or like what i'm saying is that the
Maybe you're not aware of the plant like but but what is in
Like I don't know if you see the diagrams that
Then to post it. Oh
So you're just arguing the zenium part not the overall market
Anything i'm just i'm i'm not that you know arguing anything i'm just saying that on those diagrams for zenium
It showed that you can you'll be able to use xnm
ai power from the miners
that are currently using gpu and all i'm saying
Is that all of the miners that currently mine zenium?
Are using gpu's from rampo and vast because they're the cheapest
So there is nothing preventing a buyer to go straight to vast
Or rampo that's all i'm saying. Yes. There are there's like unminable. There's so many other different like mining or
Like there's like hosting guys like me
Like look when mine when my rigs wasn't making money
And I figured out
Or let me rephrase that because it wasn't me. I just figured out like my friends
who had Nvidia cards and then
Like blame me for for all of the guys who are who complaining about vast ai
Price has gone up because I told everybody hey
If you want to make good money and you have a good rig just put it on on vast ai
And these guys who are mining zen will rent it from you
So so you see what i'm saying?
Okay, i'm using my own gpu as well to mine and i'm also using vast and
And all the others and i'm also doing stats from the very day from the very first day
On hashing and so on and and I can see like where people actually go like everybody here
Who is mining? Tell me where are you mining? Are you mining on vast or rampo?
That shouldn't be the takeaway
No, that shouldn't be the takeaway. That's like asking where where do you get gas from where you get your electricity from?
It doesn't matter
Well, but it matters in the context of what i'm trying to say no, you're just trying to force a topic
Oh my god
I will try to translate what I understood from
Yodef what he intends to say
So if someone wants to
Render an image, okay
They what he's saying that why they should come to me that I am
Using vast to mine when they can go directly
guy who rents
a gpu to me
And use him for a cheaper price
and what you propose
that that I should become the
The the you know the the guy with gpu. Yes
He's breaking down the logistics. You see what i'm saying? Like that's like saying do I want to buy from the corner store?
Or do I want to buy from walmart?
No, that's oh my god, like there's
There's some like very
Like that's what I know that I think i'm just giving you a better perspective of how you're you're you're phrasing it
It's like why would I want to buy gpu power from the individual?
When I could go to a big data center when you don't realize that the big data center might just be an individual
No, that's not what i'm saying
That's not what I said like you you're you're pushing something maybe because you have gpu's and and you're mining
It doesn't matter to me. I'm just trying to clarify what you are saying
Well, then you don't understand or maybe i'm not explaining it very well
second is
comparing small minor to a big data center and you are comparing someone who is the
source to a
middleman, okay
Yeah, but that should be no difference. It's it's the same it's just again scale
That's it. The only difference is scale
Well, it's that's not even what i'm talking about
You know, it's funny though, obviously real quick
Um, I actually understand both of your guys's arguments, but what's funny I think is um
I'm happy that there's someone concerned
What I get from joseph is like who's going to take the task. So why would I do it?
Versus the data center saying i'm ready for tasks
Give them to me and I love that
There's actually an argument in between the idea because it does uh, I guess way on the
Value of x and m because if no one's taking ai task then it won't give it extra value
Um, but as a miner I I had this theory that the miners would be like if the ai task was hitting harder
Like if if you were getting more x and m from ai tasks
You would just switch your miner over and not even look back at hashing out
Argon too you would just do ai tasks the whole time
I'll just gonna i'm just gonna simplify like the best I can okay
So everything that what i'm talking about is only about one one thing right now
everybody who mines
Xenium or vast majority, right?
And I just know i'm going i'm in those groups. I see where people are mining
Right. So majority i'm i'm not saying 100
But 80 plus is going to vast today because of the price
I think that's uh
There's there is no debate about it. That's just how it is
if we are saying
That all of our network validators 80 of them is using vast
And now we have this new product where you can come and use x and m
To pay for ai tasks is gonna run on top of the validators
Those same people who need those
That ai power can go straight to vast. That's all i'm saying that that was the whole thing from the very beginning
Like is that simple enough to understand?
Yeah, I I get it like uh, I mean uh, I think we're
Attacking some passion or where I can understand the argument where it's like
Everyone's going to come to x1 chain though. But
I see for now what you mean like we're all
Mining on vast and that's why I hope it encourages people to want to get solo rigs
Or it and it encourages people with rigs to come
And and that's the major benefit of x1
Because that's where I actually wanted to get from the get-go. We got stuck on this
So right now
There is no difference, right?
You can go to vast and get that same power because 80 percent of all mine is running on vast
So we may as well go to vast directly, right?
but where the
X1 proof of work will start to make real sense
Is when and that's why I was talking about like pulling these folks and trying to get that power
Is if everybody goes and starts to mine
With their own gpu's like the stuff the graphic cards they have at home
All of those gpu's could be used for those ai tasks. So then it's not going to be just vast but it's going to be
small data center owners
People that used to mine with gpu's before it stopped doing profitable for different cryptos
Because now the incentive is not going to be just mine crypto, but it's going to be
offer that power
And that public will pay you for different ai tasks
But in meantime part of your hashing power you can use to get xn xnm. So
So now you're actually a project like that doing exactly the same thing you just said
And i've been i've been a part of that project from day one. In fact, they spin up a whole network to test out their theory
Before they brought it to market
That project happens to be theta
They take
So they take they take they take gpu
Anybody in the world could just download and install their software
It again, it's just distributed. So
Disney plus hulu all the top streaming people they use their infrastructure because it's it's it's so robust
That's exactly what i'm hoping x1 does for the gpu ai market
I I think it's uh, like it's gonna be either developed
by jack and his team
Or they will use one of these platforms and true api's and all kinds of other stuff somehow plug into it
And leverage those existing tools
To to do what they want
But but the basic idea is that part of the power that you use for mining blocks and for securing
the x1 proof of work and then
Uh consequently also the the proof of stake side
The part of that percentage will be used for somebody like offering it to the public for
Ai tasks, right? So if request for a lot of hashing power comes it's going to be split
Among everybody all of the nodes that want to participate
And to obviously to certain level so it doesn't
Break the security of the blockchain, but to certain level as if there is many it's going to be a lot of hashing power
And that can be the news for two things. So you're not going to be only
Uh providing ai power to those who are willing to pay but you're also
And you're getting xnm rewards from people who are going to pay in xnm
but you're also
going to get
Xnm rewards because you're you're mining and securing the blockchain. So now
You're part of like these two different walls
Uh, that sort of like jack is trying to somehow merge together, right?
This is like I literally had this same discussion with one of my other friends
Because there are so many different places you can go rent hash power from like literally it's like there's like again
There are so many places you could go rent hash power from and not only big corporations
People like me
But one thing that that we all
Came to agreement was that there is no infrastructure built from the ground up
That's why theta did it the way they did it
And and i'm assuming that's why jack because he again
You doesn't think he knows that most of how half his users are using these types of other platform and he's like, yo
They don't want it that way
So he's gonna automatically build in something because when he said it the first time in the wiper
Again, that's my holy grail
That's what i'm waiting for. That's what i've been waiting for for the last five years
So you know what i'm saying? Like you are telling me nothing that I don't already know like i've been in the industry
Waiting for somebody to develop this from the ground up not slapped together apis because that experience is crappy at best
This needs to be built from the ground up
And um, yes, I think that to solve that is the way you you said that people
Maybe when their price will be finally there there will be more people buying
Uh gpu's doing their own rigs and
Bringing them to to the market and they will be the
really source they they will not need to
rent gpu's from anywhere and another solution would be to
build our own gpu market and
market it like like
for this purpose of
both mining
and also for rendering
Other gpu services like I don't know for health care or whatever
And other solution what could be there?
So the one one advantage of x1 when it comes to this
Is that those diagrams?
Very specifically show that you'll you'll be able to use xnm
To do this now think about xnm
So let's say today you would go to any and there is quite a lot of this
Um, you know places online where you can rent hashing power there's there's really like go to google there's a bunch of them
But you pay
in fiat for for those
You have to come and you pull your hundred dollar bill and you you pay for hashing power whereas here
you have to pay with
You as a miner are being is are you're being paid by xnm. So now think about it
So you're providing air power like your gpu power and you're getting paid by xnm
But xnm is not fiat
It's halving
Every year, right?
So the incentive here will be
Well come over
And you're gonna pay it in something that is highly deflationary
There is only 630 million xnm
And it's gonna slash every year
So your rewards will be in in the deflationary
uh coin rather than a fiat
You can actually change that coin directly to xn which was also already stated by jack
So you'll be able to take that and change it for the gas of the x1, right?
so there is
Huge incentive for somebody to come in
Within that, you know very early on because those you will be getting
Xenium that is uh abundant in the beginning, but there will be less and less of it
So you can keep it you can then stake it
towards another validators and get even more xn xnm, which is like
You're not gonna be able to do that with a fiat
So not only you have this AI
Renting place basically
But it's being denominated in something deflationary
That can be staked can be exchanged for gas. It can be
Uh, you can do a lot of stuff with it. You can power basically transactions on a network
You'll be able to stake it into validators nodes
So that's uh, that's a very powerful mechanism in my mind
And that's what's probably going to bring much more people in
To this type of ai powerhouse rather than anything that is powered by fiat today, right?
That's a good way to think of it I I didn't think of it as like a conversion of currency where
Task right now in ai are in fiat
But it's like you do get a better return if you are getting a crypto because it's fighting inflation non-stop
But yeah, I didn't I didn't like you guys are but uh
As you know, I just know vast and run pods. So this is a good hash out
Yeah, the the game theory of this is really incredible and the more we talk about it
the the more we
You know, we understand all the mechanics and the this is really exciting
Yeah, and they you called it the powerhouse. It's a really powerful
Well, this kind of goes back to what we were talking about before where you ask yourself
What is the value of xnm and like why you would want to install the proof of work inside of the proof of stake?
so that the proof of stake can
Reek the benefits like it's like just like us installing
Xnm into the ai market so it can wreak the benefits of crypto now even crypto, you know can work with crypto
Um, so what was it blue? I hope that you got a good understanding now of the value of xnm, dude
Yeah, I did man thanks a lot i'm still it's like i'm still kind of like
In mid-understanding let's say and um, I look forward to more understanding
And it's also no koic methods to get into crypto because you can mine something with your
electricity bill
And you can get into crypto
Except that everyone is using vast and so they're all paying with uh with the card
So but yet you're right that you don't need to give a photo and all of that
No, but you can use your own pc because you know, it's a normal gpu. You don't need an
Easy, you could you could go full. Uh kyc you could go get a
A green dot card. Well, I live in america
So you could go to like a wall greens and get a prepaid and then you could put the prepaid on vast
If you want to be that ski mask about the whole situation, but there's no
I thought rome said you could pay with crypto on vast. Oh, yeah, you can pay with crypto too. Yeah vast is
anonymous you can
In fact all the other mining sites they don't accept fiat you can't you can't rent their power with fiat
You have to pay in crypto, especially bitcoin. Do you love bitcoin?
Are you sure because i've been on vast knows I did the whole thing and looked uh away to pay with crypto but I
I always use crypto to pay yeah, I only use crypto, okay
You can pay with coinbase, but you don't need to have a coinbase or stripe
No, you don't need to have a coinbase account you just go through the
processor, but they don't ask you any
Oh, indeed nothing I didn't know that
so when you just go to add card you just um
When you just say add credit and then you click on coinbase
Oh, you can just pay with ethereum
That's awesome your polygon right, okay
Beautiful yeah, but don't send them wrapped if
From polygon from polygon send them something guys not property
Yeah, yeah
Which is something bridged bridge over the polygon. Okay. Thanks
I just when I saw coinbase, I I assumed you had to have a coinbase account
Yeah, so this GPU market I I think it will really kick off
Usages are coming out and
We are only starting and we will be positioned really well with our pit and
AI built into the base layer and
Yeah, we are top
Well, we're just bringing new
New ideas to the crypto space and I think that's the breath of fresh air that x1 is going to offer
And like our conversation right now is it's it's not just about tokens
We're talking about the structure of the blockchain itself and different things to use
The structure for outside of just it hashing
And that's actually I think really different there's not a lot of communities that are talking about well
What can we do with all this network power? We have most communities are just trying to pump the coin up and
I mean spansom has a really dope blockchain, but again
Jack posted the
that graph about how the co-census is can scale so
Yeah, I think we're just offering a whole new look and yeah
We have a lot of confusing pieces, but it's because each one is supposed to speak to a certain person
Rather than it all be a one representation of an idea
Um, so yeah, we're hashing it the f hour right now
Yeah, it'd be great to have some if people are good at
Um, what do you call those things when you have more of a visual kind of representation?
Of how everything is connected
Well, we're like still in the very early stages, you know, like yeah
Yeah, absolutely. Absolutely. Like this right now is more of a I was saying or
In science they they say the public are people who are into science
So like in crypto, I think the public are people who are in the crypto masses
It's like the people buying shit coins and in solana right now, you know, like only see that
What we what we're doing right now is we are like the group of individuals that are really pushing
the cutting edge of what this space can be and um
Right now I think just being interested in what's happening is a special thing because you're you're already
I can't even tell you how many steps
Everyone you are bro, like you are so ahead of everyone just uh being curious because once it you know
There's graphs and there's like white papers and there's like a ton of people explaining it by that time. It's you know
You didn't you didn't get to learn anything
Did that yeah, but think about all the
gaming industry that is
There and I think that it's one of the most compelling use cases for for this
For x1 for the use of GPUs because right now
Everyone plays games, you know, you you go you spend a lot of money on on those games
and you get like
You know, they are nfts in the end what you are getting in the games the tokens game tokens and
but when you
When you finish the game, I mean you
You you would like to sell them and you cannot but you put money in so this would be
kind of cool to have
To be able for example to say sell a player
That you have to exchange it on a market
It's you know, it's also an ethical
Discussion if you can have for example kids selling
No, you're you're you're actually making a really good point
So i'll just elaborate a little bit because back in the day
So like I would level up multiple different wow accounts and sell them
Because people would just want to buy like high level characters
So I figured that was easy, but that cost me a lot of sweat equity, but then I refined just
The way I leveled up the character. So technically like
You're you're you're right in a sense that
All in-game assets are nfts, but technically they're just coupons because I can't sell them
When i'm done playing the game, I have to
Figure out a hack so to speak and sell my entire account
Versus just selling off the assets and keeping like my my my player. So yeah, I totally identify with what you're saying
Yeah, so you are all using a hack like the otc
There's a site
Where you could go sell your accounts and people would buy it from you and like a whole market a whole
Underground market for all of these types of things
And we're trying to bridge that market to make it like just like not even an underground market
That's just the way we do things now
Yeah, come to the service
You know what's funny
There's that market and then the the ai task market for generating tokens, dude
That's why i'm hyped about the whole ai task market because if you're following the gpt gpt trend right now
They're they're like putting more and more
Features inside of the chatbot which requests more tokens so that you can do
More actions like make photos and make videos and and all that stuff
And um, I think that's what is really going to change the game with our ai market will be
Um, can we offer a better?
Price for users in the gpt community that are using it to build every day
Like and that I feel like is on top of the gaming
Like we just have so many different things that are work in the real world with the blockchain itself
Um that we could just keep exploring like all different ideas
Hey in terms of the um proof of work tokens
Like at the moment there are three of them. Well, can anybody just kind of like
Can anybody just make up their own?
No, because it needs to be
The curtains to be deployed by
By jack because now right now it goes through his
I suppose so
I don't know
Well technically you can modify the
Uh python code and you can put your own hash into the code, but only you would be hashing it because the overall
Network is hashing. Yeah
Contract but but then it's just like ordinals. It's kind of just it's just like whoever decides to call something something
Like puts it out there and if they can get enough people
To think it's a mate, you know, and then all of a sudden it's a network effect and etc, etc
Like is it the same exactly?
Well, we actually talked about this in the very beginning
Um because one of the things that is the problem with crypto actually jack just posted a photo about this
Is that when a new idea comes about? Uh, the chain tends to fork and then people tend to move and coins lose value
So like one of the special pieces of the xenium network is that you can kind of fork the chain and everyone is still on an honest
Mine or we're all we're still doing our thing and you can do your own thing on the side
So in my opinion, like I kind of see a future of many forks
Um because people want to bring value to the proof of work and also use the xenium
blockchain is like leverage so that they can find a community or a network of others that might be
interested in what they offer
Um, it's like a whole yeah, it's a whole it's a whole new world. I'm glad that you caught on to that
Couldn't I chime in just first
Because about x1
It's a chat. I am so excited about uh inscriptions on x1
I think this is something that people haven't fully realized is very unique to x1
It's not necessarily that uh x1 supports it better than any other blockchain today
But that jack has basically said that each chain will be the best for inscriptions of all chains
And inscriptions are an absolute game changer for use cases that are not yet understood
So proof of work is one way to earn tokens
of the kind right proof of
participation like for them and to burn some gas is another kind but
Inscriptions today you can think of inscriptions as like oh i'll inscribe like a megabyte of data
And that'll be worth one megabytes worth of tokens or something. Sure. That's how people think about inscriptions today, but
Inscriptions are are another they have many other use cases
But one that is most valuable is how incredibly censorship resistant they are because inscriptions are a fundamental part
They're basically the input data to transactions, but they're dual purpose. They're a way of accessing that data later
Off chain and if you hash the data and store a half of it on chain
You can later refer to that data on chain
So it's like the data is both on chain and off chain and these inscriptions being so censorship resistant
They're better than ipfs. They enable a web a web world where like websites
You know, you no longer go to a server to see a website
You go to the blockchain to see a website and it becomes immutable or at least signed which is better because if a website gets hacked
They're not going to be able to sign the new website
So inscriptions are a better form of at a minimum ipfs
That's one reason i'm like super stoked about them
You can imagine like ccc is trying to make a voting platform
Well, you know some votes are considered, you know, people would love to censor them or stop them
and the web pages that host
Information about votes right could be taken down quite easily with existing infrastructure ipfs is a little more
resilient, but you can't even post ipfs linked to twitter anymore. That's how censored ipfs is so
What's happening is it's very hard to get access to information
That large entities don't want you to be able to access and that could happen to ccc with voting
So that's one reason ccc, you know, i'm very excited to try to do stuff on x1. Hopefully, you know
this is just my dream no promises, but you know, I hope everybody mints their ccc because
The voting platform for ccc will be the most censorship censorship resistant in all of crypto and it's already the most gas efficient
Which is kind of amazing. Anyway
Not a plug, but I just wanted to say yeah
I didn't mean yeah, I didn't mean my ccc and um, I loved the user interface. It was awesome
I felt like a hacker
Awesome, dude. Yeah, that was a labor of love. I was gonna
Make something cheesy and then uh, yummy. Saul said, you know, I feel like i'm in a commercial. What the fuck is going on here?
Well, you know, i'm just trying to get the word out because there's only eight more days. Sorry about that
So tell us though. Tell us tell us what it is and tell us the website because there might be people here who don't know
Yeah happy to um
So the website is ccc.meme
It is a token that only people who held zen
Vmpx or x1 can mint. They can only mint it for eight more days
It's a three-week mint. That's uh more than half over
And the amount that you can mint is the amount of zen vmpx or x1 that you held
Between the recording period which was january 28th february 25th
Yeah, I see it's hearing some sound effects. Anyway
Uh, yeah, we're excited. Uh, it's a voting token. It votes on chain. So no one can censor your vote when you vote
Uh, no one can stop you from voting and no one can stop you your vote from counting
And on chain transaction or on chain voting
Uh contracts can respond to the results of those votes
No one can stop a contract from responding to a vote result
So it's also censorship resistant in how it controls outcomes potentially a lot of dows or whatever
Uh, they require you to trust that someone is going to do something if a vote turns out
Well, that's one thing it's a one way to build community support
Just to get a vote passed and hope somebody does something about it
That's reasonable when you're trying to you know build a community but another thing that most tokens can't do
Is execute contract transactions based on vote results, which is what ccc is for
So we didn't want people to have to stake their zen stake their x1
Stake their vmpx in order to get votes
When it certainly didn't want to have people pay
Zen or vmpx or x1 in order to get votes. What we did instead was we airdrop. Well, it's not an airdrop
It's a mint but we gave minting rights to everyone
In order to allow them to have a token that they don't have to
They don't have to mess with their real tokens
This ccc token can be used just for voting. You don't have to stake you don't have to do anything
And you can have your voice be heard and you know, a lot of people on twitter
A lot of people on telegram, you know, you know, I don't I don't mean to interrupt the flow or the commercial or whatever
But um, yeah, I just kind of wanted to ask joseph. Um, because I actually I didn't vote or didn't mint. Um ccc
um, but I I actually respect uh zen.pub and
Just uh the way that he sees things and I just want to bring up i'll post it up in the nest
For anyone that wants to do the due diligence, but I figured since joseph's here
I wanted to ask him about it because uh just the requirements to connect a wallet or
Or any other just to view the parameters. Um, you know, I just um, yeah, I wanted to ask joseph
If he participated and and what his thoughts on it were
So I looked at it I looked at the contract
Um didn't get through the whole part of it. Um
But I wasn't comfortable connecting to the site. So I reached out to the guys
And because there's this like a whole file that they
basically generated
Uh that has all of the records of everybody minting between those two dates that were mentioned
Or holding the zones and vmpx, etc
and so that
I didn't actually want to connect my wallet to find find out what those amounts were like
So I basically asked them if they can
You know like segregate those two and just allow me to paste in address and see
Those amounts without actually connecting the wallet. So I did try that
And that works and that basically allows me now to just go to each scan
And use the mint function directly supplying those specific amounts what I so
on that part, um
It seems uh safe to do
Um, but I I didn't go through the entire contract to actually validate that there's something that it's completely
You know safe, but I believe three city did that
Like he read it and I think posted something about
Like validating that it doesn't you know that it seems safe. So from that perspective like
It looks like they you know
They did everything to ensure that you can just basically connect your wallet to either scans which uh, you you know, I wouldn't have
problems trusting
and then you just apply those amounts that
That they generated without valid wallet connection and then you just take it and do your mint now
I did wanted to ask
Sorry, I I don't know who was speaking before
But I wanted to ask
How does contract actually validate those numbers that that are in the 14 megabyte file that is being downloaded? Yeah
It's a great question
So that's the reason you have to go to a website instead of just downloading a file and looking for your name in it
Or something like that it creates a merkle proof of all the data
So, uh, you have to have all the data in order to create the merkle proof
So when you submit those parameters, you submit five parameters for minting your x1 amount your zen amount your vmpx amount
And your index within this tree and the tree has like over 200,000 entries
Everybody who held any of those tokens between january 28th and february 25th
And then a cryptographic proof that your value is stored in this tree is the fifth parameter
And so you're proving to the blockchain you're proving to the contract
That your numbers were recorded because we can't afford to upload 200,000
You know numbers which are each like multiple words. That would be yeah
I was wondering about that. I was that's exactly what I was thinking about like if this
If you need that 14 megabytes file to actually for me to retrieve it and it has to be stored somewhere off
Off chain, then you have to have something in chain to validate that information. So that merkle tree
Is basically what once I send those four parameters
then they they're basically
Hashed and then you're looking in that merkle tree for proof
And if it's there if it's matching then you validate it and allow people to mint it, right?
Yeah, the contract receives your merkle proof
Which the web page assembles and creates a parameter for you to paste as the fifth parameter
And then the contract receives that parameter validates that the proof is valid and mint to your tokens. Exactly
So the question about the merkle tree, uh, does it build the consensus of uh, say for example, if I myself
Choose to get into the merkle tree and then of course, uh simple gets into the miracle tree. Will it build a consensus?
Uh proving that what I have versus what?
Because like each one of these has a supply so anybody can fake a coin and put it as vpmx
Or any of the zen or anything and make a copy of it
Uh, so how does the miracle tree know the difference between what is a copy and what i'm sending versus what simple sending?
And how does it consent and is the consensus decentralized or centralized?
Yeah, so the way we did it the most important thing is that so we created the 14 megabyte file
You can't like buy one of these tokens like zen and get yourself into the file
The file is over the file was finished recording on february 25th
So you can't you can't get any more allocation of ccc than what was already allocated
Then we hash the file with a miracle tree hash
Loaded that into the contract
And then now you assemble miracle proofs based on whether your data is in the file or not
So that's that's how it works. Basically you're in you're in the if you're in the document you can assemble a proof
That will prove your holdings to the contract which then the contract recognizes as a valid proof
And then it meant to your tokens
I have to say I have to add something to this too because I wrote
in a comment that the
This token is already compromised because uh, it was perhaps three city he found that
37 percent of the entire supply is in is in one wallet
No, no something like that. No, look at that whale. Go look at the whale
And you can see he has five hundred thousand dollars is in and he had those five hundred thousand dollars is in
Throughout the entire recording period
I don't know if anybody else here has the balls to hold five hundred thousand dollars worth is in
Or to work half your lifetime to earn five hundred thousand dollars worth is in but if you did
You happen to get what's now thirty four percent and that's one reason we're trying to get the word out
How much yeah, so so how much do you have?
Yes, 34 percent now and if everybody mints he'll have
But so here's so hang out real quick zen's a whale proof though landrew zen's a whale proof at least currently in its uh
inflationary state right so
At least for your protocol think about your protocol
Think about it this way like this protocol this the ccc
Is actually not different from zen
In fact, it's exactly the same because if everybody who minted zen minted this one
This one will be as decentralized as zen exactly hundred percent, right?
Even more so because there is bmpx and zone etc, right?
So right now it only seems more centralized and you have like
Over 50 in the first four wallets because there is only 130 holders
it if there was more
holders if there if people actually came and minted it then it would become more and more decentralized or I would say like, you know
Partly like the holders would be spread out more if uh more people actually participated
But you will still have one third of the entire supply
Yeah, but but he only has one third because it's one of the large, uh zen minters
And it doesn't matter and he it doesn't matter he is he is one large among many small
But again, it's like, you know
100 000 zen minters came into this one then he would have maybe one percent, right?
Okay, the entire
Vote that's basically what you're saying as of right now and you said it's a week and a half in already
And then it closes off in another week and uh within a week and a half. Is that correct?
There's eight days left. That's why we're trying to get the word out
That's why i'm willing to sound like a commercial despite me not enjoying sounding like a commercial
Because I want everybody to mint so that this is a decentralized token, correct?
I don't understand why it couldn't be done with zen
This long distribution this anti-whale mechanism
to ensure that
There is no one, you know
This kind of situation that someone holds one third of the entire supply and that this guy one guy has
the the you know
this proportionate
say in the governance and
It and he can like censor your vote with his face
But I think I think they did it for a specific reason
They didn't want you to spend your zen because you already minted it
You have to prove and that proof is now in that miracle tree
And all you have to do is come and validate it and you're gonna get your token
So you don't have to use your current zen because you already minted it use you actually use power to get it, right?
economic power
So now all you have to come here is use gas to mint this and then you're gonna get
The allocation that is equivalent to your proof of zen. Obviously, it's only between
January and february whatever which in my opinion should have been
The entire you know since the genesis of zen in october
2022 which would be like a way fair method in in my opinion would be more fair
But okay, whatever
The the I see two problems with this there is not enough time to get all of the the word out in in order to actually
Get enough people into it. So that centralization
Unfortunately, just because of the time concerns
not because of the mechanism mechanism is good, but the
It's too short of a time to get
Many zen years into it plus there's going to be many more zen years coming in so
Yeah, that's uh, it's uh, unfortunately that you unfortunately you keep to that kept it that short
Yeah, so if it was for minted mintable for one year, it would be much better than just for
I don't know one month
And you still didn't tell us if it was centralized or decentralized. I'm just saying like
You kind of skipped that question, but I just wanted to like, you know get some clarification
Yeah, it's decentralized in that no, uh
I think you're covering your mic, bro
I think you're covering your mic bro
Can you hear me
Okay, sorry about that when you have a whale that's smart enough to read the contract and know it's safe
A whale that's smart enough to mint a half a million dollars of zen
And by the way, the white paper has been out for I believe six or seven weeks
Miso and I did everything we could we're not going to wait forever
We're not going to wait a year to get these projects started and there are many advantages
to not allowing transfer a bit
Before the mint is over in fact x1 and I believe the mpx both restricted transfer ability
Before the mint was over and the reason you do that. There are many reasons
I'm not going to explain them on this call
But that means we can't really get the project started until the mint is over
That's why we are giving three weeks for the mint
But we pre-end we there's it's literally been like seven or eight weeks since we let the white paper out
We've been trying to get the word out as much as possible
But you can start your project whenever you want it's all about the consensus
What do you want to influence with your token when you don't have a general consensus?
That was my that was my other question it was it as a consensus like did your did your voting
Is your voting mechanism ccc is it has a does it have a full consensus?
Or does it not that was another question I answered that you like ask that you skipped over
Yeah, sorry
Yeah, sorry about that
How about now can you hear me now? Yeah, okay
Yeah, so uh the the contract merely tracks
How many tokens you had and when?
And then any poll contract can query the ccc contract to find out what your vote weight was on a certain timestamp
And that's how it works. So
Any poll can be created that uses ccc for vote weight and you can't double count
Because it's not possible for two people to own the same token at the same exact time
And that's that timestamp tracking zen doesn't have this built-in
And in order to do it you'd have to stake zen or do something like ccc
Well, we don't want you to stake your zen your stake
Your zen should be staked in the proper contract to get yield not not in our contract
This is the only way to get something like zen voting on chain where you don't require people to stick their zen
so you use the word query and um, usually queries when it's like a line to set up like a
Consensus for people going into something and coming out of it
So, uh, can you um, can you uh, put a little bit more emphasis on the work? Um, and how you're using it with your um,
ccc voting mechanism to work query
Query right? So any contract any voting contract like a poll contract or a dow contract anything
Can ask ccc how much how many tokens did this user have at this particular time?
And that's how you get vote weight, right?
So if we say oh we're going to use the vote weight on january first
Everybody's votes counted for vote weight on like how many tokens you had on january first
That's how many votes you get for that particular poll and that's what a poll contract can query the ccc contract
Find out how many votes everybody's supposed to get so nobody gets to cheat. Nobody gets to double count
So I have a question
I have a I have a I got a quick question. So the guy
The guy girl whoever that has 500 000 worth of zen, which is like
monstrous
They just connected to this
When all these other people have concerns about the code and the contract
And they were just quickly to just dump in and just give their info up
That's one thing that ccc is exposing is that if you have
If you are not smart enough to have a lot of zen, let's say zen is an iq test of its own, right?
I think jack would agree
Or if you're not smart enough to understand when you can trust a contract
Then you will probably not mint ccc your votes will not be counted because you won't have any ccc
And maybe that's better for the voting mechanism
Because maybe you are not the kind of person that is wise enough to make great decisions in a voting contract
That's an insulting way to say it if you took it wrong. I apologize. No, no
Totally totally understood. That's what I needed to know. Thank you, sir
I'm looking at the whole
Um, yeah, sorry, like um quick question. I'm not gonna question. Yeah, go ahead
Does you said um, does it take into account?
Those who may have had their tokens and lp
Not an lp but yes staked zen there wasn't lp probably is reasonably not a good
group to give it to
Because those tokens could be sold before they're removed because lps can write liquidate one token or the other
the other reason
Is we don't allow any contracts to mint. Um one thing that if you let contracts mint
Contracts can actually
Wait, wait, wait, wait. No, no
so not not not in a sense like minting from just like okay, so like say if I provide I I have a lot of zen
provided lp
It like say and it depends on the version so like say like for instance the simplest one would be like say version two
So now I get an lp
token that represents my
my position now
Now let's say if I held that position
throughout the entire snapshot
I know you don't you don't have any that you can mint from those particular tokens you can mint from any other tokens
You held or token staked in the zen contract
Uh, there's one reason you can't allow that
So you'd have to track how many tokens they really owned at any given time
But in reality you're buying and selling the tokens if they're in a liquidity pool
Secondly, we can't let contracts mint that's in the white paper from seven or eight weeks ago. And the reason is contracts can sell
And be traded essentially the privileges of a contract can be sold and traded
Um prior to the token becoming tradable and you do not want
The token to be tradable before minting is over for many reasons
Uh, and jack uses this method and his most recent token like x1
So it shouldn't come as any surprise that we basically want all the minting done before it becomes transferable. No, it's not surprised
I just wanted to make sure
How many people holders are there
I'm looking at it right now
There's 130
Holders, okay, and you have the first one has 34 percent
And another four below him have over six percent
So so let me ask you let me ask you a question. We have one week left to mint
And let's say nobody else will come
so how are you gonna
do your decision making threshold for for consensus, so if
If you have one individual that owns 34 percent of the votes and four others hold a total of what is it 20
25 percent
That so you're only looking at like 60 percent of the votes being held by five people
So your percentage of the votes required to make a decision for consensus
Like you already have a like five people have majority, right?
So essentially five people can control the vote
which makes it
Yeah, so if a majority of uh, all of the decisions can be held by five people
Then you have this one problem. There is a risk that these five could
Disproportional influence on and overshadowing all of the minority voices, right?
Uh, so that's an interesting one. There's two mechanisms that help here. One is that the whale
Can't hear you again
Let me let me go outside one second
The whale is the most incentivized in the community
Make ccc look good
Most incentivized he loses the most he has the most ccc
He or she and uh, he or she will lose the most if ccc doesn't look good. So his votes should make ccc look good
Many vote proposals will include an active abstain. One option is that that
Whale can vote and abstain
Some or all of their votes in a gesture of goodwill in order to show the community that
He's not going to vote his full vote weight on a particular vote another mechanism that is really fantastic
And I don't know if it's unique to ccc, but it's very special
Is that contracts can create?
political parties
So you can pull your um in theory if someone were to make a political party contract you can pull your votes into a
Contract get enough vote weight there. It's that vote weight in that in that political party is 35 percent
Well now that political party using your same argument would control all of ccc and all of the votes, right?
In reality, that's not true. This is a battle of ideas
Joining or not joining a political party is a battle of ideas
That is alive and well whether the the whale has 35 percent or not
Because he cannot defeat everyone and the power of political parties means uh contracts can vote very high vote weight
Yeah, but the likelihood but the likelihood of that happening like votes like uh, like um
votes waiting for a political party is like
Astronomically low, especially if some of some if four people own six percent and another person other big wheels orange 35
And on a new and this is a new
Protocol and if you're talking about like party systems and you're talking like that's basically what you're talking about party system politically
Then those those uh political parties even over time
Like gathered those types of information of those types of people or those types of votes i'm going to use in your scenario
But for a project that's only been available
Seven or eight weeks that's going to be like that's going to be almost impossible to to do within that time span
That you're talking about. So even if that political
Uh protocol did work, uh the time span which from where from where you are now to where it ends
It's not enough to make a significant move in progress of the political party or people gathering together
So that 35 percent that that person owns will still be like majority owned and he'll still have majority of the power regardless
Of um of the of the political protocol that you just stated
My opinion is if you can't get the zen community
To do something after you've launched a white paper for seven or eight weeks to mint a free token
Then honestly the zen zen is not a reasonable basis for voting at all
But landrew landrew. I don't mean I don't mean to interrupt but bro
Like I just found out about you like the past like two weeks. Maybe so like you said you had this out for six weeks
um, I don't know if anyone else has kind of tapped into you earlier than that, but like
You know, there's been a lot of spaces. There's been a lot of uh
A lot of spaces
Yeah, I don't know if i'm spacing out but like yeah, it just seems like i've been spacing for three weeks
Yeah, well you said this came out six weeks ago. Didn't you see the way people were off for six weeks?
Yeah, we launched the web. Yeah, so why not come to the community six weeks ago?
So, uh, I we did make lots of tweets. I think that yeah, but bro
I have no idea who you are
Like no offense like i'm not i'm not in my high horse
Shout out to crypto bro. Do an interview with him. Do you want tree city?
Do you know instead of having us have to go through the weeds or whatever and finding this protocol?
Don't get me wrong. Like i'm happy you're building stuff for zen
But I just think um, yeah, it just seems a little bit uh tainted my in my limited perspective
Yeah doing our best misal is the guy who does the the social media and I just jumped on because
Misal is not like the super most stoked about jumping in on spaces. He has
Here's some trauma from previous experience
Don't worry, bro. Uh, I I started that's part of the process. Yeah. Yeah, we we were real gentle with you
Like uh, we lubed in right now like real nice
I don't mean to change the topic but uh crypto bro. I did have a questions for you. Um,
uh when tears token
I I you know, I don't want to put it on blast but like uh, I hear I hear there's some something, uh in the works
You know, there's a lot of people i'm i'm crying over here because of uh, you know
My 99 penalties from a week ago, you know glad that gway is now a little bit lower. But um
Yeah, man. Are you you know, how's how's that looking? Am I putting you on blast like that?
No, I mean, um, it's uh
it's like uh
It's a great learning experience because i've never released a cryptocurrency and I have uh
Always wanted to but i've never been able to figure out like how to
Do it for myself
So then that way I know for a fact like yo, what the fuck if i'm fucking with it everybody else should fuck with it, right?
Um, and and what's funny is is a shout outs Landrieu. I mean shout outs to the builders people that want to build
Um, one thing I will say is with the way you build can reflect how you approach
The platform you're you're gonna use it's like if I go to a playground and and i'm building a
You know, everyone's jungle gym, but i'm gonna build a basketball court because I want to play basketball
It might not totally fit with the community, but there's space there to build a basketball court. So feel free to build one
Um, i'm, uh more focused on the penalties
What I think is um cool about zen in a vote to kind of
Give it the same perspective
um instead of
Looking at a value point that is like a snapshot of uh where you are
right now
Um, i'm actually attaching it to penalties because I do think it is kind of messed up
That we can't port our economical energy over to x1 chain because we're getting caught up with penalty or like the gas on eth
So this this uh, it's a meme coin, but it's spawned from this
And um right now i'm not in a rush to get it out because as you can see from the meta of my post i'm really focused on june
because in june, um, that's when majority of the zen fts are going to come out and what i'm doing is uh
i'm attaching a
Free claim coin to your penalties. So then what it'll do is, uh, the web
The website will just scan all of your in. Uh
Zen fts and then using the smart contract
with the penalties
And the one thing i'm working on right now is getting this fucking time, right?
Because this is the craziest part like it's all based on percentage. So I have to make sure that
You you know, you're getting your 99%
and claimable tiers
And you'll basically be able to claim your penalties and a new erc 20 called tiers and then tiers is so you can uh
Actually be able to burn a coin for the x1 chain
And you'll I mean yeah, you'll be it's going to be hopefully
You know, you got a little bit of tears going because your penalties are rocking and you're like damn
But then you'll be having tears of joy when you're on the x1 side because this is the beauty of crypto
That we can keep the value
In the space if we innovate on top of what we have
So I have like just a little bit of a different perspective on it because I really want to make a coin
But I didn't want to do no airdrop and I didn't want to have to like
Uh make a a story up. So this is what's also awesome about this coin
Every meme is based on stories and I think in x1 chain, we're gonna have some of the best memes, right?
Shout outs x hex coming to the scene to basically kick off the meme world
But like I think a lot of memes bro when I saw that
When I saw that x hex bro, I was like that's the best troll and
Yeah, just a great play. I think for for onboarding and and just there's a lot of people including myself that have hacks or had hacks
And uh, you know, you're gonna be able to benefit from that. You see jacks doing it, too
Like we're both on the same wave. Like I mean, um, I think it's a smart idea where you take value
I don't know. I mean it's weird, right? Uh, it's like what is this value? Oh shit. It's pain people are fucking sad because they lost
With crypto we could actually shift it and bring new
Ideas to that value because it's there. I mean and others will try this too
Like we see it now with the ccc token. There's other ways to spot this value and try to roll it out
um, but um
I do love the meme and I do love the solid variable where it's like you have a bunch of hex coins
Now you have them over here, right or you had a bunch of penalties now you have them over here
Um, I could see this happening on x1 chain
A lot and uh, I mean in the zen blocks telegram, uh zen su was hinting at that
Like what would it be like if they decided to just snapshot like every blockchain?
Right when x1 chain's coming out
It's almost like it's it's like a reverse
Sacrifice because like for richard heart you could sacrifice all these tokens for pulse chain, you know
But now it's like you can just burn whatever token. So it's just like a more uh, I guess classy way to do it
Yeah, but that's actually that is actually an idea to use tears
It's a government
And you know people will be leaving the nfp
By the way crypto bro if you get into it
a lot of time to collect those uh stats
And I and I have them so
Reach out. Um
You know, I can I can then
Give you the yeah, see that's that's why like when i've been doing this like research on on the idea
I was like dude if there's a way where some or like uh, like for instance dbsn has it going on where they're like scanning
The znft's and they're like doing everything live
But they're making sure it's wallet connected. So that's where i'm at right now is i'm building this
This like I guess a process of like connecting your wallet and then running
almost like a script with those
Selected znft's so then it's kind of like I don't have to load everything because I want people to come with what they
What they know like I want you to bring your tears to the site. I don't I don't want it to be a thing where people
Come and try to get free coins in a sense because I don't want it to be that vibe
What I would love to see is other people steal this idea and make their own spinoffs and see if they can make their own
Value with the penalties. I think that would be awesome
Like a ton of meme coins that are actually connected to value and again
I got this idea from bitmaps because I think again bitmaps is the funniest meme on bitcoin because it's connected to blocks
And can't nobody stop those
Like you you got to stop the whole chain to stop bitmaps, which is hilarious and it's the same thing for tears
like no one can stop penalties
Because they're just going to happen and I think that's an awesome variable
but again, it's just yeah, the building part is hella hard because
I don't want to do what what uh
What your suggestion is which is a great suggestion, but I want to be just a little bit more
Uh tweaky if I can man, uh, because even here in landrew talk about how they had to do their snapshot and reload it
To the blockchain. I was like damn, bro
Damn, like so when why is the way to
Do that's tears before tears. Yeah one one white paper crypto, bro
Once I successfully do it on testnet which i've been practicing but
Yeah, like um
There's uh, yeah, there's gonna be pieces to this but realistically you'll probably see it by june because that's like my heart date
Um to make sure that I have a web ui
And everything because again, this is going to be forever where you'll be able to redeem all your tears
Like it won't be just like oh in june from then on it'll be like if you've had
Zenfts, so unfortunately it won't be coin tools and that's just because again i'm a zinian i'm full-blooded and I want to support the zen
Fair crypto projects and again, if someone can take this idea and do the dark node with the coin tools
Fucking include those penalties, but I think it's fun
Knowing the story starts with the zenf t and ends with the zenf t
Yeah, I didn't mean to put you on blast like that
I just I heard something and I was like bro. I want to cry
I have a lot of tears and I want to know when when tears because we want more tears. So I think uh,
The people are pumped. So yeah, that's a great fucking idea crypto bro for real
Hey, I will end that pace now
Uh, that was a great conversation. Thank you everyone for coming
And see you in the next
Two weeks. Thank you very much. I love you. Yeah. Thank you all
Thanks so much love
Up or turn it up, up or right
When the niggas got turned it up so far
Oh, oh, oh, oh, oh, oh
Oh, oh, oh, oh, oh, oh, oh
One, two, three, four
One, two, three, four
One, two, three, four
One, two, three, four
We don't give a fuck
Gonna put some more
Three, four, five, four
When the niggas got turned it up
And when the niggas got turned it up
So far, turn it up
And when the niggas got turned it up
One, two, one, two, one, two, three, two, three, four,