xHEX, Bite the hand and take back what’s yours.

Recorded: March 17, 2024 Duration: 2:13:03

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soundcheck 123
oh yeah, oh yeah
hello, hello, hello, hello
1, 2, 3, 5, 6, 7, 8
you're here
you're here
we'll wait 3 minutes for people to join and then we'll start
simple waters why don't you play some of your tunes
from the newly released
what's it called? what's it called?
it's called stay hydrated
stay hydrated
might be out there in the left field but i think i can play some if that's alright with you guys
we will allow it
sounds good
what are you on?
what are you on?
what are you on?
where's the water?
get it out, get it out
garden mind
what are you on?
what are you on?
garden mind
garden mind
while these snakes
eat the apples
eat the apples
get some chicken
get some chicken
what are you on?
while these snakes
eat the apples
eat the apples
what are you on?
all right let's get this party started
attentional seniors, hexagons, hashed, vampires
something's going on as always
whatever it is this time it attracted some interest
we have over a thousand members in the telegram and it's second now
so what is it?
it's x-hex
but the first thing we should discuss is the pronunciation
I prefer to pronounce it
it must be with an old man
Sean Connery, Cialis-infused boner
while looking at Catherine Cida-Jones
entrapment cleavage
Jack, in this scenario are you Sean Connery
or Catherine Cida-Jones
and who is
I am I'm probably a person holding a camera because you know
can't miss that cleavage right
oh you're a watcher
I thought you were participants
I thought you were the star of the show
you're the guy in the corner likes to watch huh
dude I want those memories last
so sick I didn't know that
guys what's happening
what do you think?
should we call it x-hex or shaksh
I thought it was sheiks
what do you mean sheiks
so what do you call that?
like you want to say shit
but it's shiks
okay okay
maybe we should have a community vote
maybe we maybe have some other suggestions too
so what is this?
what's this all about?
what are we doing here?
so what are we doing
I woke up one morning
it was March 10th
and I had one eth
and I lost
80% of my money
that one eth was very very dear to me
it was a special eth
that Vitalik gave it
to me like I don't know five years ago
and so it disappeared
I think something happened
what happened?
well I looked online later
and people told me that
Richard has tweeted that
he doesn't like e-hex anymore
he doesn't believe it's real hex
he thinks that
should be the real hex
this is understandable
Richard launched pulse chain
to improve gas fees
to provide better liquidity
for the coins that he
has launched
and in his
narrative of
shifting the focus to p-hex
or pulse chain hex
he's actually not wrong about
that obviously ethereum
is very congested and it costs
a lot of money on ethereum
to trade, it costs
thousands of dollars to un-stake
on ethereum
so I do not disagree
that pulse chain in this particular case
is good for p-hex
and good for hex
what I don't agree with is the
execution part
whether it was malicious or by accident
Richard has basically
destroyed 80%
of the value
of what hex was
the original hex on ethereum
a lot of people were staked for 5.5.5
even if you staked
for a year you could not un-stake
there was a lot of emergency un-stakes
Richard made
a million dollars just on
the un-staking alone that day
somebody I think
Hex McKenzie provided
a screenshot
of those EES
fees going to Richard's
wallet or the OA wallet
well I guess
it was 50% so maybe it was
a million dollars or two million dollars
in the penalties for the early un-stakes
and so people panicked
and Richard got
more money
he already has everybody's
sacrifice money by the way, it's over a billion
dollars and so
though I agree that
ethereum is struggling
and I agree that
hex is very difficult
to use on ethereum
for staking and un-staking
I do not agree with the method
of the delivery
and the destruction of the wealth
of everybody who
actually held hex
the community in ehex is large
it's like 330,000
wallets, they all got affected
now the interesting part is
that looking at the analysis
on chain, a lot of whales
one day earlier, prior
so could it be that
they knew something
that hex is probably gonna get
wiped out and sold ahead
basically sold to innocent
bystanders who were just
in crypto, got interested in hex
bought it and then got wiped out
and they won
the funny thing about this
whole situation is that
Richard always said that
low liquidity is
good and if
you pay attention to other projects
you will damage the price
and the irony that we
see ourselves and find ourselves
today looking at is that
he is the one who damaged
the price the most
which is really really sad
in our conversation with
Zunsu earlier today
I kind of equate this to
2008 financial collapse
where a middleman
or in that
particular case
central bank and various
financial authorities
presented all kinds of financial
instruments to the
public and then ultimately
got everybody
rugged on
those financial instruments which was
the subprime mortgage loans
now in this particular case
what happened afterwards in 2009
Bitcoin was invented specifically to
battle and to provide
people with a way to store
their value
into cryptocurrencies without
the middleman and
I really liked Richard
from 3 or 4 years ago where
he talked about how
it's important to have
no any sort of authority that controls
your crypto
no admin keys
I've always praised
whatever we think of Richard, whatever we think of Hex
whatever we think of Pauls
I always said that I really respect him
for talking about self custody
yeah absolutely
self custody is a function
we know what else did it
yeah no one else did it
everybody wanted to get rich
like Celsius and everybody else out there
they basically pretended to be crypto
and then took everybody's money
and then failed and
enriched themselves in the process
now corporate crypto
corporate crypto or pretend crypto
now the question is that
at the time Hex looked like
it wasn't a pretend crypto
it looked more like closer to Bitcoin
than anything else and then of course
more things got
in the light
like for example there was a lot of
tornado cash activity
the world's largest diamond
appears to be bought with 5 million dollars worth of Hex
sacrifice waste was insane
but anyhow
so I think
the marketing of Pauls chain
really got to Richard and he just decided to
kill his first child and just basically
said that hey this thing is much better
but in my opinion
the only reason why Pauls chain is better for Richard
is because he has more of it in the bag
he has the largest bag of Pauls
and of course he wants everybody else to get
wrapped everywhere else
to have no choice but to get into
the products of Pauls chain and that's
really unfortunate I think this is not
the type of marketing that you should be doing
this goes beyond
outrage marketing where you actually
destroy everybody's wealth
and at the same time when
the conversations with
Hexicons got heated and Richard
he just tweeted and basically said that well
it's your guys own fault you're the ones who
sold all I did was a tweet
not taking responsibility is
it's not deserving of
of a founder that had such a
visible project and even
though we didn't want this day to come this day
did come and it came to pass
the value has been destroyed
and Hexus no longer
what it was on Ethereum at least
now maybe
it will be better on Pauls chain but the factor
means the fact is that people
lost a lot of money
I lost 75% of my
ETH unfortunately
I'm not really complaining
it is what it is I'm just saying that I was part
group of the people who held Hex
and so a lot of Hexicons actually
messaged me and they said that hey
maybe you should
do something what about launching
a coin that
gives people an air drop of something
and over the
year as Zen community got stronger
and stronger a lot of people
from the Hexicon community we should actually
there's a lot of Zenyans among Hexicons
and vice versa they said that hey
given that Zen was kind of like
born out of this Hexicon
interaction why not give Hexicons
some sort of a air drop and I always
felt that there was no
really legit reason to
reason to do that because it would
appear that we're trying to damage Hex
and we didn't want to do that
and so on March
10th it was Richard
who damaged Hex
and he basically
did the hard work
for us like we didn't want to
damage it to begin with but given
that he already done
it there's no recourse
it just makes total sense to proceed
with the plans and to launch a coin we'll call
and the functionality of the Hex
is basically
just a meme coin
we want it to be a Hexicon
meme coin, a community meme coin without
admin keys without any sort of control
everybody who held
Hex and Phex
March 9th which is just
before that fateful day of March 10th
we'll get an air drop
we're still considering
obviously we're not going to give anything to the OA
he already has enough sacrifice
money from the community, he doesn't need any more coins
so I think
we're going to exclude the daughter addresses as well
and I have a list somewhere
but the point is that we want all
of the people that have held
Hex up to
March 9th to get an
air drop of Hexhex on Hex1
is... So it's a meme coin
it's the most simplest form
of coin, there's no staking
there's no controls
there's no air drop to the community
or claimable token basically
we're going to get into who
is eligible to get it and who is not
but that's
what it is
there's nothing more of it
it's not a form of Hex
it's not a replacement of Hex
to the Hexicons
there's a lot of Hexicons in our community
exactly right and that is a community coin
we're not
going to have any sort of pre-allocation
any controls, any admin keys, any OAs
so as pure cryptos you can possibly
imagine is that...
can we raise billions from the community?
no, we're going to say
can we buy the world's next biggest
dude, I want to buy a planet
can I buy a planet?
my ego is too large
this is your opportunity
we should definitely have a sacrifice
of a sort
just follow the tradition
we need the planet
let's stop with this blockchain nonsense
let's just get the planet to start
our own solar system
what about the zen movie?
what about that? I'm waiting on that
zen movie?
there's no waiting for anything
get a shovel and start digging
and do stuff
you want a movie? you create the movie
exactly, no waiting
no staking, no lockups
no admin keys
no founders, just pure crypto
owned by the community
and if the community decides
to give this token value
it will have value
my goal in the whole this shabang
is to bring the attention
of decentralized exchanges and everybody
I know to this fact
and create market making
opportunities for everyone so that people can
get some sort of value
it will not replace the money that people have
lost with eHacks, it will not undo
what happened
but at least it will give people
a chance to get free coins
which is probably going
to be the fastest AVM ever created
powered by the artificial intelligence
so we have a lot of good narratives
we have a lot of good narratives coming
we have a lot of smart people helping us to
bring it into being, we have an awesome community
during our
creation process we always
try to find ways to give more
coins to people without any
sort of gotchas and
any sort of staking and lockups
we just want to give those things out so that people
can be participants because we plan
to grow this community and make it large
we want to have the largest
chain, the fastest chain
and have most fun doing it
and we have the will power and division
to execute
eHacks. Yeah, I think that's what
people are wondering also
why are we doing this
why are we doing it now
I mean why are we doing this
let's talk a little bit about
Elon Musk for a sec
Elon Musk was a wealthy dude
who just decided to build another car
now one could
actually say that
he just wants to vamp
the car industry
take everybody's customers
in reality all of this is just
healthy competition just like
in car industry
in the crypto
financial industry we have
healthy competition and best products win
we are working to
create best products possible
we want to win and we want to
market those products to the people out there
Richard has given us
has given us a gift unfortunately
at the cost of the community
to give people
have a reason to give people something
that people can own
and show the contrast between
how things
were in eHacks and
how things should be on
X1 and XHacks
and again this isn't about saying that
we are particularly better
at least we are
our positioning is very very simple
the market will decide who is better
and we are putting
our effort and our energy and our
creative thinking into
making better products
and eHacks obviously
is just this one venue
and I always
thought fondly of Hexagons, they were the first
community that brought me up
to speak on
YouTube, I've never been a YouTuber before
so I was technically born in Hexagon
my persona was, clearly
people didn't like me launching Zen
but it is actually true that it was
Hexagons who asked for Zen to be
created and then it was
mostly Hexagons who asked for an L1
and given that I had
the means and opportunity and
the know-how I just decided to go ahead and do it
and so what we are
trying to do is we are trying to represent the will
of the people and interest of the people
we want everybody to benefit
this technology and where we find
ourselves today is emerging
there is a lot of value
in cryptocurrencies, emerging value
Bitcoin is rallying as
we speak, it's hitting 68,000
not in a million years I thought
actually since the launch of ETF
it would create so much value in the cryptocurrency
markets, I didn't think Pepe
would go 1000X
from inception or
what not and
the meme season is here
X-Hex would make an amazing
meme, I think a lot of people will enjoy
in participating, it's a free coin
ultimately we are not going to stop at
X-Hex, we are going to look at other
communities out there and we are going to try to find
ways to give airdrops to people
so that we can be
larger and more powerful together as a community
we plan to grow
and of course there is negative connotations
like vampire attacks and all that
bullshit, but all of this
is just healthy competition
all you need to do is build a better product
you need to do better marketing
and you will bring value and I think
we all deserve to have value
and I think if we are all in this together
and putting our heads together
and getting something amazing out there
on the road map is a benefit for all
Let's fucking hash
Let's fucking hash
So we talked a little bit about
what is X-Hex
and we are working on the contract
right now, this will be available
on the X1 testnet
and it will be released
it will be a very simple
claimable function
for all of those who
have, we are going to get into that
but all of those who
had either E-Hex or
P-Hex, excluding duplicates
might be some other
simple adjustments
but we also want a lot of feedback
there's a lot of people who have a lot of opinions
about this
what's going on
so this goes to
hexic and sex holders
so they should be the ones who
will have their say if they think
it's going to be something
better for them
Before we jump into questions
don't we have a friend who has like
figures in HEX
or something like that
Who are you
thinking about now?
Well, we're not going to say his name
but we have a common friend
that's put a lot of his wealth
into pulse chain and HEX
So it's a good friend of ours
we talk to him all the time
we're a very smart dude
HEXIC and OG, he actually
introduced many of us
to HEX a couple of years ago
and so we're definitely
connected to the community through that
and even though I am
a relative newcomer
it's that particular group
of friends that I'm
connected to that were HEXIC and
even before me, so definitely
there's a lot of interest
in the whole
community
creation and
building on top of the HEX
ecosystem and again
I always thought that I really
don't want to damage the HEX
as a project, but given that Richard already
did all the hard work then why not
why not just lunch a coin that
actually represents first principles
So anyway, I think we should
go to the questions
there's a lot of hands up
it created this sort of
schizophrenic situation
because you have HEX on Ethereum
and then everything was supposed to
be copied over to Pulse Chain
so now you have HEX
or E-HEX which was the baby
of the whole community and culture
here, but then you had
a representation of it P-HEX
on Pulse Chain
I'm just getting everybody up to speed who doesn't follow this
and it sort of creates
this sort of
discrepancy in everyone's mind
where's the value?
what's the real HEX?
and when we are distributing
this token
what are your thoughts on
should we share some thoughts
just simplified what we've been
thinking in terms of who will be
able to claim XX
everybody who
held P-HEX and E-HEX
March 9th, so we're doing
a snapshot of everybody's
wallets and their amounts
what we're trying to decide
right now is whether we should
add E-HEX and P-HEX
amounts together or whether it should be
an average of, like for example
E-HEX plus P-HEX divided by 2
we have to see what the
community wants to do and act on that
we do want
to have some sort of a whale exclusion
provision where
should Richard
decide to pull a fast one
and somehow sneak in
a wallet or two into the distribution
we want to stop them
from laying
a claim to this community
token because this token should have no
founders and really, really no whales
I think everybody who were in HEX
should benefit or have
held HEX for a long time
and by the way, obviously the natural question
is what happens to t-shares
we will convert t-share holders to
the token distribution as well
so if you hold in t-shares then
you will get the X-HEX
drops too, so in other words we're converting
everything to liquid X-HEX
traditionally
the HEX contract was
4000 lines of code, you said something about
being able to simplify it to like
100 lines of code, is that right?
Yes, and the real answer is
that this is not a 4 core clone
of HEX at all, there's no staking, there's no
lockups, no admin keys, no
t-shares, all of this is just a very,
very simple token that lives
and it will probably have even less than
100 lines of code, maybe like 50
because it doesn't really need to have
anything, it just needs to have
an oracle that tells the
contract to mint coins
for you when you interact with it
and that's all there is to it
centralized exchanges do like
those types of projects, where it's very
transparent, the code
is simple, and
they love giving liquidity
and create markets
for tokens like that, so
I do think that should
there be a lot of claims, like
let's say that over 100,000 claims, which
is a possibility given that
both P-HEX and E-HEX
has over 500,000
wallets participating, so even
if we get 20% of people claiming
that's very, very likely that
those coins will be launched on
or transitioned to
centralized exchanges
for liquidity
We have then on Q-coin
Q-coin usually asks for
half a million dollars to be listed
they list that that's for free, just because we have a
strong community, I think they can list X-HEX too
Generally,
HEX has been gated
by the centralized exchanges
just because of the OA
I have had conversations with
Gate.io in terms of
listing P-HEX and listing
HEX from Pulse Chain, because I have
friends that work at Gate, and they
basically said that it doesn't pass the audit
given that there's a lot of
close held control
by the founder, and that's why
it was a no-go
But everything else in the ZEN universe
is basically trading on the
centralized exchanges, we think
Coinbase should pick it up, and it is the meme season
so we should really really just embrace
the meme and go with it
and make it super simple
and bring liquidity to the masses
and bring the masses to liquidity
that's what we want
Does everyone have to buy
They don't have to
buy Rolex, but if this thing moves
If this thing
moons, everybody can get at least two Rolexes
maybe later
What about staking a Rolex?
Staking a Rolex
Staking a Rolex
That could be a cool service
I have a friend who has two
and he's trying to move them
but nobody's buying these stupid things
So what if you allow
some sort of
real world staking mechanism
Real world assets
introduced to X1
through the meme coin
XX and Rolex
Rolex taking
the service
should be a priority
Let's go to the hands
You choose the next speaker
We have Zengirl
and then we go to Ivy
How you doing Zengirl?
What's up baby?
Hi, I have a question
Wait, before you ask a question
can I ask you what did you have for breakfast?
An orange
And water, right?
Water and coffee
Thank you
Now you forgot
and I forgot what I was going to ask
Why represent something
that carries a negative
like the name, Hex
There's a
negativity around that name
just because of the government
and all the stuff that's happening right now
So why put that name
and you represent it, why?
Well, because I'm not really representing it
personally, I think it's a community
token and it's represented
by the community, I'm just an instrument
of creation
So a lot of people don't have a voice and I want
to give them a voice to speak
I think a lot of hexicons
love hex, I think
it does have marketing potential
and yes, maybe some people out
there don't like it
but I don't think people really, really hate it
in a particular way
The centralized exchanges don't list it
not because they hate it, it's just a business
decision, so knowing that
we are actually taking
the community
or giving community
hexhacks and it's a fully
mimified version
of hex that has
none of its features
that were onboarding mechanisms
I think is going to be a good thing
and if we can bring positivity to hex
I mean, hey, that's a win for everybody
because you can't escape it
There's a lot of people who are still staked
and they have history with hex
and yes, Richard made a mistake
and maybe it was an honest mistake
maybe it was malicious, I mean, the time will tell
and the time will be the judge
but in this particular case
I think we can turn it into something positive
No founder control
is fairly distributed
people can get it, they can claim it
they can practice the genuity
You know what's crazy is
I don't know, obviously there's a couple
of hands, but I posted up in the nest
I was just kind of going through
some old Scooby Doo archives
and I found
Scooby and Shaggy
they were kind of like getting
brought into some type of hex thing
and it's like, don't worry, it's just the hex girls
definitely, definitely fun
if you guys haven't seen it, it's up in the nest
We're going to put a spell on you
but we got the x hex, so it's like, you know
protection
Ivy, let's go to you
How you doing?
Hello Jack, hello everybody
Hello, my question
My question is about
at timeline
what we are looking at
for launching these x hex
so timeline, so
currently we're obviously working on the
contracts and we're working
with some OG hexagons to get
the list of
the addresses so that
we can be accurate in
the minting process
We're also
looking towards the formula
to integrate p-hex and
the hex together, so that's actually fair
There was
a question on whether the whales should be
excluded, so we need to be careful
in the decision making on
how to make it more interesting
more fair, too
Once we have
the contract ready, we will launch it on
the x1 testnet
and that network
has been up
and going for about three months now
and there's about 200 validators
and I think
the read-only validators, we have
up to 800 or so, so it's a
pretty large network, it's very
fast, it's thoroughly tested
and so the mint process is going
to be test first, so test mint
and then once we see that
everything works well, we will
ultimately
launch the mainnet that
integrates a lot of other features
that we want, which should happen
sometime relatively
soon and I can't really speak on how
soon it is because I simply don't know
but when it comes to mainnet
this is where the
basically
the minting process will continue
all of the hexicons and all of the people
who have had hex in their wallets will
also get a little bit of
accent, which is the gas token, which is the
airdrop that will allow people to mint
so from the get-go
you get to
enjoy and
see how fast x1 is
and how it works, and you will have
accent on your wallet, too, so I think that's really good
let's go to execute
how you doing, buddy?
good, I'm good, how are you guys?
very good
I used to be in the
OG Hexkin Cabal group
and I still get
every now and then one of my buddies that's still in there
he messaged me like a screenshot
or something, but he pretty much
told me a week ago they started talking
about the new
whale wallets that are coming out
and that's kind of what front ran
that big sell wall
so the next 3 months there's roughly
7 billion hex coming out on both
chains, that's why
there's probably those early sellers
those guys were selling
and he messaged me kind of before
they were doing it all and I was like, I don't really care
about hex on either chain
because I kind of just wrote all that stuff off
I'm just letting it ride
and, uh, yeah
but then I seen the Richard
tweet come out and I was just like
I don't know, I kind of got a little bit
upset, I don't care if the whales
want to dump, but
the fact that the founder's still in that Cabal
group and he's listening to those guys
he's kind of, I don't know, it's just
disgusting in my opinion
and just talking about
with some of the OG guys
I'm still talking to them
about tweets and this and that and they were talking about
the community chose which one
in my opinion they didn't
I think it was still Richard because
the narrative of hex and pulse chain
back in the day when they first started talking about it
was bridging in the asset and there's even
developers on pulse chain
right now that are trying to develop
something where you can take your EHEX
and you can stake it on the pulse chain side
that way you don't have to pay the Ethereum fees
and those guys kind of just like
they're, I don't know if they're
still building it, but they kind of just
they're pissed off and they're like
why are we even building on this chain anymore
and I kind of get where
they're coming from because every time
somebody builds something cool it's either completely
useless and never gets used
or Richard just kind of doesn't talk about
and kills it, but
yeah the fact that he
introduced the HEX to HEX farm
on the V1
pulse X, whatever you want to call it
the farm, they got their incentive token
he introduced it for a day which was
supposed to help the HEX to HEX
ratio kind of peg at
one certain price depending on how
big the liquidity is on each side
and he had it up there for a day
and he completely rugged it the next day
and then he also got
the influencers to invite in
the Pepe guys
and then he listed the Pepe farm up there
for a day a bunch of people from Ethereum
bridged in Pepe and then the very next day
he rugged it
and it's just like the whole narrative
of bringing stuff in
to throw it into the farm to get
incentive to do this and to do that and then
you just get rugged the next day and there's no voting
back on testnet for
pulse chain, pulse X
there was voting so you could vote for your
what you wanted
to be listed in the farms and
you could list, you could vote how long
how much incentive token
yada yada yada
and he kind of just rugged that whole thing
he got rid of most of the
things on pulse X
there's not even limit orders, we had limit orders on
V2B of testnet on
When did you see the light of ZEN?
I'm a day one ZEN
and you're just fully
with ZEN versus
No, I just get behind the founder
I'll put money into any ecosystem
I was a good founder, Richard was a good founder
that's why I put day one HEX again
I never sold the bag, I just kind of let it ride
I tweeted it out the other day
of what that portfolio looked like
at the top my account was worth almost
I think it was 3.1 million
and now it's worth $10,000 on EHEX
and I just let it ride
I don't leave the money
I've had money for a while
I want to be the good person
that's going to
me selling is me just taking
if I need money
it keeps taking and doing whatever else
and if I need $10,000 then I just
take $10,000 and sell $10,000
I don't need a stupid amount of money to live off
that's my
whole spiel on it
I have a question for Jack, do you have a block
explorer for the
We do not have
actually there's a
third party
block explorer I think
3CDOS built it
so join the ZenBlox group
and just ask for explorer
he has the look up for all the blocks there
I think block explorer is super
important, sorry I interrupt because
time comes to taxes
it's super important to make it usable
for people because it's
really hell when it's not usable
yeah absolutely so we have the
block scout explorer on X1
and the ZenBlox is getting integrated
into that so block scout will
actually have the whole history imported into it
You're going to be mining some blocks there
let's fucking hash
I want to do some
analysis on it
so I want to check it out
I was looking everywhere and I was like
I can't find the block explorer anywhere
yeah it's on tree cities
west is github homie
you can just
okay cool
you had a question
yeah I mean
I guess my question is
what did you guys think
what people do when you get
presented with X1
to me it's almost like a
wise move on Richard's part
I mean XS has a lot of good
people in the great community
and many other people
in the great community in many aspects
to be honest
we want the presence of
hexicons on X1
with a meme that they can
identify with
the value of hexis in the community
like 100%
their representation on X1 should be just that
in our opinion
without any worries about some
founder that will tweet and rekt
at any time
it's not what crypto
is supposed to be
supposed to be about self custody
it's supposed to be about
economic energy that's
fairly distributed among a large
community
I think these questions are central
I mean these are the first principles
that XAM is based upon
and now obviously we are
creating infrastructures
100 times a million
more complicated
than just releasing an immutable contract
like XAN is with 400 lines
of code so of course
centralization that we have now
way more than
you would have
if you just release a token
but when it comes to
to have an option for people
a lifeboat
if nothing else
it shouldn't just go
I mean they have years of interactions
and a lot of knowledge
and all of that
it should have a place on X1 as well
I think that makes a lot of sense
I don't know what you guys think of it
Hell yeah, hell yeah
as Rom says, hell yeah
I think it's a good
person for those guys
because a lot of the hexkins right now
they're being blocked
they're just completely banned from the rest of the ecosystem
so they're starting to wake up
and see like
I've been kind of tweet storming
them being like, guys
you do know that we're already 500
days into the bull market
and your chain hasn't done anything
it's completely limbic
this whole time and everybody else is making money
and you're not and every time it pumps
like 20% they're like
hooting and hollering, I'm just like
that's nothing
you barely got your money back over
5 years which is pretty disgusting
in crypto
but I think some of them
they will come over here and play
and if the blockchain is better
they're definitely going to use it I'd say
I mean every ecosystem needs a faster blockchain
and one that's fully
decentralized that's not going to turn off tomorrow
or has some
overlord with a switch that can
flick any tweet or
do anything on the chain and the chain just falls
yeah I think decentralization
is definitely at the front and center
of what we're trying to build
we always stood behind the first principles
and we wanted the community
to own most of the
things out there and
that isn't actually like
we talk about fairness a lot
and I wanted to speak quickly what fairness
really is
a lot of people think that when things
are fair it doesn't mean there's any
value and there's no speculation
there's definitely speculation there's definitely
value because as
the crypto market gets heated up
the value just flows
into all the projects
pretty much everywhere
and I think when it comes
to fairness
in my book this is actually very very simple
just don't lie
about your project or if you're
changing your mind you need
to provide people with an appropriate exit
somehow so like for example the
transfer or
a burn of E-Hacks
on the Ethereum and then
Mint of P-Hacks on Pulse Chain
could have actually saved everybody
and there didn't need
to be a loss, a dramatic loss
like that and it's really really
sad that it takes years
to build reputation and I think
Richard has done a lot of good work
with his videos and I think
he inspired a lot of people
definitely inspired me to some point
in my life a couple of years ago
but I always been told that
it takes years to build
the reputation but five
minutes to ruin it and it's certainly
true in this case and it's really unfortunate that
it happened
Let's go to Rome
Yo, yo, yo, yo, yo
coming in hot
Thank you guys
I feel good
my brother, minding
my blocks, minding my business
grateful I stretched
I leaned in
I believed in something greater
although my
homie says it's not necessary
nor is it required but
with me everything starts with a belief
and I have to believe in myself
first but not Jack
you're the man, the marketer
the marketer of the year
then soon, the crew
I love it
but I like what you stand for
I like what you stand for
fumbled the ball and you're picking it
back up and we're gonna take it home
we're taking it home
we're taking it home and I think
I do have a lot of good will from the
people obviously but I want to stress
to people that
I'm not just
this fluffy, lovable
I do want to win
I'm very hungry
I will go after every community
and I will bring it to
it's just HEX happens to be
a place to go
first just because Richard has
given us this opportunity
to execute on
and unfortunately it
happens with the fact
a lot of people have lost money but
we're not gonna stop with HEX
we're gonna continue to grow and
we will bring the rest of the crypto
into the fold into X1 because I think we're
building the best product possible
we're definitely trying to do it
we may or may not be successful
but there's no if
there's only when
and we're putting all of our mental
energy and our
creativity into this project
so we are predators
and alpha predators
in the market space and this is how
we always felt
and we want to practice it
but it doesn't mean that we
have to take people's money and run away
with it or do some
idiotic things and have your crypto
just dump and have no recourse
we believe in the community
I think having a strong community is probably
the most important thing you can have in crypto
crypto has been
an instrument of people
connections
or people strengthening of connections
across the world, across internet
and you know
across the web everywhere
and it is something unique
there's a lot of motivated
people out there behind us and there will
be more in the future so I'm
very psyched and pumped to look ahead
in what we can build
now yeah my question
my question was you mentioned
air drops, you mentioned this is not
the only community that's going to get the
air drop, you also know that
they dropped runes
to everybody on Bitcoin
which was very successful
for a lot of people
is that the direction on where
you plan on taking this?
I mean like obviously so I got
a couple of runestones myself because
I was dabbling with ordinals
for a while now and that
was really good. I think
there is simple
air drops where stuff just shows up
in your wallet and this is definitely
one of the ways
to do it but I think we can take
a more proactive approach
where we go into the communities and we
basically say that hey you know we have something
for you guys and this is what we can do and this
is the level of engagement that we expect
establish a relationship first
and then do things like
air drops and mints and various
you know game theory will be
presented to those communities so it's not going to be
like okay if you hold Shiba you're going
to get a ton of accent
or anything like that. I think
it will be more targeted and more
specific towards communities so
that we can actually establish the relationship
with those people not just basically flood them
with useless tokens.
It's the British time.
You can't just say that you're
an L1 that's fast and cheap
and try to make everyone convinced
to come to your chain.
You have to network hack.
You have to be a fluffy alpha
predator. Let's go to
let's get some more hexkins up here. I want to hear what they say.
Dragon Hex, how you doing?
Hello guys
fine and you
I have a question
for Mr. Jack. Congrats
for what are you doing and
my question is this. Some of us
in the Hex community we have
HSIs those are
like Hex Stakes that are
tradable as an NFT
as an NFT
so for example when the fork
of Ethereum happened
we got our NFT copies
Stakes of Hex
I don't know if
when your chain
comes alive. Are we going to
have also those kind of
NFT Stakes
as a copy or
only the liquid
Is that my question?
I can chime in
on this. This is a
head run contract and it's a consolidated
stake and it's very
hard. It's not very hard. You just have to copy
another contract
and kind of divvy up. It would be a lot
to figure the math out on that.
I wouldn't say that the juice is
worth the squeeze but yeah.
I know Alex and I spoke with him
every once in a while in the past
so if he can assist
with scraping of the data
on chain then
there's no reason why it shouldn't happen
because it is real Hex too.
I play with Hedron myself when I close
it too. I think it's a good project and I think
definitely those people were
affected and I think everybody who is
affected by
Richard's positioning
to date should get the
benefit of Hex.
Yeah man, that would
be great if you can have
contact with Alex and that would be awesome.
Thank you for the response.
Yeah, you're welcome. Thank you.
Thanks Dragon Hex.
We have Ricardo, Shadow Soul,
and then we'll go to
Al, Alfina.
So while everybody is silent
I'm going to ask a dumb question.
Oh, sorry.
Ricardo, we got you next.
Let's go to Ivy.
Okay, sorry for interrupting.
I have a dumb question regarding to
Zen that I minted last
last year.
So what is
the utility and how it will be applied
if it's going to be?
Zen was the first project we launched.
It's the first principle coin
in terms of
the utility and the functionality.
Obviously it has the
8-year inflation run rate
with this inflationary force
pushing on it pretty much every day.
So it is modeled
after Bitcoin and we're using
it on 12 different AVM chains.
And we want to use this
onboarding token for people
to get into X1.
So in other words, you'll have an option to burn it
and there will be
burned auctions that we call
moon parties where
if you're a Zen holder
you will be able to
compete in an auction for
the XN credit on
X1 mainnet.
That is one way that
you can participate with Zen.
So basically you burn it, you use this
as the currency to convert
and move into X1
into XN token if you want.
And obviously
X1 is going to be our flagship.
It has a lot of very, very
interesting narratives such as
approval work,
delegated approval, distributed compute,
GPU usage,
AI engine that runs
the consensus. So
I think in this bull market we're definitely
positioned for success.
So far the chain has been tested very,
very thoroughly. We're doing
4 million
transactions daily and the chain
is just great. So I think
Zen on all those chains
will be used as currency to get into
XN and to get into X1
as a product.
And I think this product will kick
ass on the market.
Obviously this bull market, we're
targeting this cycle for sure.
I hope that answered your question, Ivy.
There's a lot going on with Zen. We've been
working on it for a very long time now.
It's created a huge community.
Ricardo, let's go to you.
Yeah, just
a few quick questions to Jack.
we had the opportunity to
either open to
our accounts to XN
or we need to claim it
to get it
in terms of
X hacks, all
of the wallets that have been
in hacks one way or the other, whether it's
T shares or just
liquid or whatnot,
they will all get an airdrop
of XN so that you can
use it to claim your X hacks
on the chain and that's
how you get your hands on the token.
There is a time
for that or you will get like
30 days to people or
whatever time.
Obviously, I announced that there will be more spaces
and more conversations, possibly more videos
and community engagement for sure.
There is a Telegram group that has almost
a thousand people right now so we'll be
communicating there as well.
Can I ask you a question about Zen
and records or no? About Zen
and records? Because
I hear, I don't know if it's true or not,
that everyone
that was interacting with Zen,
especially on Italian for
mint and claim
will be able to receive an XN
airdrop. That is true or not?
That is true
to an extent.
So, every product that we have
ever launched from the
FERCTF Foundation will get
some sort of XN airdrop
obviously the major
ways to get XN on
X1 is going to be
parties with Zenburn auctions
plus the liquid staking
where you can stake your Ethereum
and this is one of the safest ways to participate
because it's self-custodial
you stake your Ethereum and
you will actually get your Ethereum yield
about 3% or 4%
plus XN yield as well
so that will happen
on Ethereum as well as other
chains that we're participating
so we call it liquid staking
where you stake your native coins, you get your yield
and you also get a liquid staking
token that you can trade. So it's
similar to Lido.
Okay, this is my last question
when my net launch
how can I swap the coins?
Are you planning to fork an Oniswap
because that is a top secret one
I don't know.
So, Uniswap B3
is now open source and we're planning to
launch it on
on X1 as the main decks
it's going to be not an issue
we worked with it before
there is one way to do decks
on the X1
at the same time we're obviously lining up
the centralized exchanges to
provide liquidity
and market value for
so that should you, for example, not
want to participate and move your tokens
across the bridge because sometimes bridges
are either slow or expensive
you could go for example
to Coinbase, swap your XN
for ease and then receive your ease
on the Ethereum network and it will be
cheaper for you.
Are you planning to have the Metamask
as well? Do you know the Metamask
has an Oniswap? Are you
planning to have that like Avax
or VMB or no
Well, we have a lot
of plans and I don't want to review all the
plans right now because we're not sure what
the priority is. But
definitely if the community wants something
we'll work hard to make it happen.
There was
one thing that we discussed
as well. It's the claim window
XX. Like how long should that be?
Should it be like indefinitely
or should it be like a
six month or three month
window? Please
give us your thoughts on that.
There's pros and cons of course
I would say
I would say definitely put a window on it
because the amount of wallets that
Richard has
so I don't know if you guys are around for the
three hundred sixty nine days
three hundred sixty nine days
possibly physically claim all of his
wallets. Five days and fifty
five minutes we fight seconds. Five five
five. Just because
if it does gain
if it does gain some adoption
at any point if there's no
claim phase Richard can just come in and
put it from all the
recycled addresses
and people don't understand
but there's one website called Graph.Rocks
it's recycled. He'll move on
He'll move on to X1 though.
Execute. He'll move on to X1 though.
Give him as much time as
give him as much time as we can.
No he'll just pull it
and bring back the ball string.
It's what he did with Uniswap and every other
fork that or every other air drop that
he put in
that he put in
to the adoption amplifier
there was a referral code too
so if you put in one eighth
let's say at the best ratio
which is like one eighth to like
one to two million hex you got
so let's say just round numbers
he got one million for one eighth
back then but then if he referred himself
or a friend that person
depending on when they
did the referral address got
250,000 hex for free
a quarter technically
for every eighth that he recycled
there's another quarter sitting in
another address that's very very
hard to find unless you use
the technical websites
that are built for it
and to find those
daughter sister addresses
that's what we used to call them
it's very very hard to find those addresses
that's why I would just say
that's kind of
did you disappear or execute?
yeah looks like he disappeared
but anyway I think we'll work with the community
to get the definitive
list of the community members
wallets so that
we actually give
tokens to the community members not Richard
sorry I got a call
did I get muted?
yeah you got muted for a sec
yeah we lost you there
yeah I was just going to say execute
appreciate your help and definitely
let's talk offline or online
with the DM and we'll discuss
how to best do it
so Jack I guess
question about the X1
so being that Richard
owns a large part
of Pulse and maybe
he may or may not have P-Zen
do you think that
he could potentially become a whale
if he could
P-Zen for X1
is that still in the cards?
we'll have to see
generally you can't just
straight burn Zen and get
a large allocation for X1
because you need to participate
in an auction
and there will be many auctions
over time
continuous auctions actually and so that you have to
actually participate in
everyone and we will know who is
the largest holder
that's cornering every auction
and always winning so
we'll be able to see and
potentially do something about it
if that's what it comes to be
so we'll just have to see
there's other ways to do it that I
don't want to discuss just yet but we have some
plans to make it fair
someone suggested
don't exclude
keep the OA but have a burn
of Zen for it
or burn of XM
I thought about it for just
a second, I definitely saw that
somebody said that why not just keep the OA
and then have a scheduled burn
I think those type of shenanigans
takes away
from the purity of
the contract and what crypto is
and I think we will just have
better traction with decentralized exchanges
to trade it without
any sort of
whimsical control of
the contract because of course
you can make it more
distributed
and decentralized in a way that
there's no admin keys
and anybody can burn the particular
schedule but it's kind of like a gimmick
I think it's just much better
basically to say that this is the story behind
this meme, this is the community
and this is where the strength is
and it's not going to be like some sort of
smoke and mirrors about
supply appearing or disappearing
I think it's just going to be much
better if it's simpler
keep it simple
stupid Roger Pauls
and then we go to Ray
Roger Pauls can you hear us?
Can you hear me now or not?
The other question was
could you say
something a little bit more about
how these moon auctions?
Yeah absolutely. So
moon auctions, we'll
call them moon parties, happens
on the full moon
every month
and the way it works is that
you will be able to
put in your zen, whether
you minted it or bought it or somebody
gave it to you, you can deposit
your zen into an
auction and you can do it daily
all the way up to the last day
you will compete for a
preset amount of
X1, XN allocation
and based on
the pie chart
of the distribution of who put how
much zen, this zen gets
burned and you get
credit points that will convert to
XN on the main net on X1
and you have to repeat
that every month
and the reason why it's every month is because
obviously there's more zen coming to
the market because it's inflationary
and more people mint based on
the gas conditions. Last week
for example nobody could mint because
the gas was too expensive, it was like
$3,000 or $4,000 to mint your
so a lot of zen
never got minted and got destroyed
with the penalties, which is
actually good for the value of zen, that's why it's rallied
I think it went from 6 zeros
and 3 to 6 zeros
so the tables turned on the
speculators who have actually been buying zen
and so you have an option
to participate in one or many
times in your level of interest
and the level of participation you can
either be
mostly we want it to be fair
we don't want the single adders to win everything
because if there is enough participants
and they're pledging their zen for burn
then the allocation gets
split among the burners
every 30 days
Yeah, thanks Jack
but is there a chance that
is there a possibility that we might lose
our zen when we're taking part in this auction
Well, there's
with technology there's always some chance of
No, I don't mean that but yeah
I don't mean the remote chance but I mean
normally we would
lose an auction, we wouldn't expect to
we wouldn't expect to lose our zen
No, it's like this
you're not going to get a refund
if you're playing, so like in other words
let's say that you have a million zen and you're
coming in with that and you say
okay for this auction
you're basically
committing one million zen
and then somebody else comes
and there's only two people in the auction
and they put two million because they want to have
two thirds of an auction
so at the end of an auction you get one third
they get two thirds, so that's fair
and you have to wait until the end
to see what's happening, there will be a dashboard
that will show who is playing
and how much
how much zen is being burned
but once you commit, you commit
so basically you cannot commit more
than you should
and neither should you commit billions of zen
because there will be many auctions
and many chance to win
and the winning is not binary, you always get a percentage
of the pie chart
so it's a very, very obvious game
okay, that's great, thanks
this is being highly iterated at FYI
back and forth right now
so exact details
are to be decided
on how the auctions work
okay, Yulia wants to go ahead
go ahead Yulia
if it's for me, I'm not Yulia
but anyway
anyway, yeah
just wanting to clarify
so basically when you bet your zen
in this auction, you
take a percentage of some other
talking of your x
layer one, right?
right, well
so you put the
deposit and the percentage
is decided at the end
once the auction is over
let's go to, do we have Ray?
how are you doing Ray?
hello, I'm good, thank you
okay, I have
a few questions
the first one is
you know, Jack mentioned
the fact that
there is an option of
betting your zen
to get the
X, is it the X1 token?
XM, yeah, that's correct
XM is the next one
X1, alright
so I get that option
so what is the other option
because that's an option
so what other option is there
with regards to the
there will be many
zenFTs will get certain
allocation as well
so you'll be able to burn your zenFTs
there are other tokens
like VMPX and various others
both on Ethereum and
Bitcoin blockchains
there's liquid staking that will generate
XM yield on the Ethereum side
similar to how Lido works
and similar to how Eigenlayer works
and there's also
liquid re-staking, so once you
commit or deposit
your native Ethereum
you can either lock it up for
a short amount of time, a longer period of time
and you'll get an
amplifier for the yield
plus you're going to get the
little liquid staking token
that you can also
do things with and get even more yield
so there will be many
ways and many other words
X1 and it will
definitely
alright, I get that
what I meant was
in specific to the
the one that we minted
the option of participating
in the Moon parties
so my question is
is holding the XM token
an option as well and
is there benefit to
not participate if for someone who doesn't
participate
to understand what are they
looking at, is there benefit
to just holding the XM or
you have to get into the Moon parties
to benefit, that's the part I want to understand
okay, it's not the whole game theory
what we're doing here is
we have included a burn function in the ZEN contract
the whole game theory here
is you can, it depends on
what you want, either you hold ZEN
which is the most amazing
cryptocurrency ever invented
you burn it for infrastructure
which is X1
so a lot of people
are probably going to burn for X1 which means
if you're just holding ZEN
that value is
probably going to increase because
the supply is being burnt
so it depends on what you want to hold
in the long term, you want to hold ZEN
as a currency, it's a community token
it has its story, it has
based on first principles, it's based
on values, it's not
going to go away, it's going to be amplified
as a currency by
the birth and the acceleration
of X1 as a chain
so you can also just
keep your ZEN
I know a lot of people, or not a lot of people
but I know some people who have been around a long
time, who are not
particularly interested in infrastructure
but love ZEN and the
purity of it, so they're just going to keep ZEN
Ok, thank you
thank you very much, my
last question is
I know this might be
Can I ask a question real quick
Jack mentioned
penalties
when he was talking
and to me, they are
a beautiful, beautiful
instrument
I was one of those people
last week that couldn't claim, and it was
my precious apex
I've been crying in
crypto bro's shoulder for
three weeks now
the penalty
thing seems, I've loved
it for a long time
how crypto bro has formed
his meme concept around this whole
tiers with the penalties
kind of being the link
to some sort of transfer value
we're going to be able
to look up the penalties and
see all this information with the
block explorer coming out
I think so
the penalties we're talking about
on the Ethereum
definitely all the data is on
chain, so we could do something with it
though I don't want to mention what
yet because we don't know exactly
how it's going to play out
beautiful
Ray, did you have
another question?
question was
for people who are interested
I mean we're all interested
but for someone
who's interested in projects
building on the
what's the
best place to find projects
that are building on the chain?
Well, that would be
XN, that network
I think we're linking
all the projects there and there's various
other community member websites
XN, crypto.io
and obviously join our Telegram group
because a lot of people are talking about
up there too
Okay, and lastly
projections on
when the chain
is launching
I know, is it
Q1, end of Q1, Q2, Q3?
Oh, 2024 definitely, alright
Thank you, thank you very much
Alright, thank you
So, let's go to
Joseph, I've been
wanting to speak for a long time and then I want to hear
is in the house
you'll ask your question as well
Joseph, how are you doing?
Hey, hey, hey, hey
Jack or Zentshu, I don't know
of you, so it seems like there are
multiple ways to get into XN
you know, everyone
understands the gas token of the
proof of stake side of
X1, so the question I have
is the following, so is the
supply of XN
still set at 1 billion
is there a plan to make it
slightly inflationary
and if inflationary, does it
mean that the moon part is where people can burn
ZAN or ZNFTs
and subsequent XN rewards
will be continuous
and perpetual
or if it's
this inflationary, does it mean that there will be a
specific given supply to each auction
and specific number of auctions
specific supply
to each auction probably will be
diminishing also
so that the early
birds get a better deal
So that basically means
right at the get go
you'll say, okay, we'll
start with auction 1 and
there's going to be whatever, 100 million
and it's going to run for
I don't know, 24 months
and at the last one it's going to be
only 1 million or something of that sort
It may be
longer than 24 months because
ZAN's inflation is
actually going to go for
several more years
possibly longer
and we'll obviously
get community feedback in terms of
what to do in the best
possible way, but I think
definitely there will
be diminishing
percentages
of XN credits
as time goes by
really useful information, thank you
Thank you guys
For those of you who don't know
Joseph has been a core contributor
to the community, he has
a site called ZAN.pub, which has a
lot of useful data
of our whole ecosystem
How you doing?
Hello, I'm doing good
I want to talk about
Hi, I wanted
to ask about Maxi
Hello, Maxi
Maxi is a
mega-hex stake
and I was
wondering if people who hold
Maxi will get
also X-hex
I think we want
everybody to get the
X-hex allocation
drop, we just need to work with the community
to get all the other systems to get
all of the accurate information
done properly
so that we can do the right thing
Yeah, I heard
that Stanton Omni, the founder
contacted you on Twitter, so that
should be easy
what about Richard?
How do you think,
why do you think he is
moving the OA coins?
Is he not afraid?
What's your
opinion on this?
I don't have much of an opinion
on that, I think he definitely doesn't
want to move the bull market
I mean, doesn't want to miss the bull market
and also at the same time
if the lawsuit
grabs them by the bulls
harder, at least if
Ethereum doubles, he'll have twice as much
money to fight, so
maybe that is the plan, but I'm not
really certain
My opinion is that it's
the technical complexity
So he thinks he's
afraid of it, and he wants to build a better
pulse chain
I don't think fear plays a part here
I just think he understands that
it's better
and that's it
Yeah, I guess
maybe that's
the case, I mean, it is
whether this, I think he's
doing what he always
wanted to do, is to
make a lot of money for the money's sake
and it is unfortunate
that he has disregarded
blood and bones of the community
that actually built the whole project
So, it is unfortunate
But that gave us you
You know how
it is in the Matrix, there's Neo
and Agent Smith, and
Neo is the
and Agent Smith is
the opposite of
So, in all of the universes,
there are always forces that compete
and reflect each
other, so I'm not quite certain
if I'm a reflection
of Richard
in an opposite direction, but
certainly
In some universes,
in some dimensions you are
Yeah, I mean, he has given us
an opportunity to engage with the community
and we're very, very thankful, and
I mean, it is unfortunate that it is the
circumstances that are giving
us this chance, but we're just trying to make
the best of it
In the movie, it's Matrix 4
So, if you're Neo
So, if you're Neo in that situation
in this movie, right?
In Matrix 4, where he
says, hey, listen, we're going to make
you all Neos, so are you making
us Neos, so you can
fight against the agents?
I think the right answer here is that we're all Satoshi
So, Satoshi is Neo
This question is for
This question is for Sefarious Prime
born in the summer? Can you
clarify this to the Zinnian people?
They don't believe Vitalik's practicing
with what was born
They don't believe
you invented it, I don't know, can you
clarify to the people?
Because they're calling me
they drink the Kool-Aid
and I'm like, I'm not drinking the Kool-Aid
I asked you a question and you answered
yes, that was my invention
They call you the OG of Mashaad
You're the OG?
What exactly did the Sefarious Prime create?
to be fair
like that
I haven't created the cryptocurrencies
I haven't created the blockchains
I haven't created the
AI engines
But I am a system integrator
This was my job at Google
I took what worked, I put it
together, I created this
functionality that worked
really well, better than before
And this is what I continue to do
So I think you're referring to
the LLM code verification
and analysis of the
Solidity contracts on chain
I think Vitalik is very excited about
this possibility
To be fair, I haven't spoken to Vitalik about it
at all, but I think
what we're going to do on our
chain, our next one, is we will have
an LLM built in
within every validator that will validate
and verify and
possibly alert the developers
and the users of the contract
if there are any bugs within the contract so that your
money can be safer
And so I think
AI and blockchains, they're converging
together, Vitalik is definitely keen
on understanding that
this is the future, that's why he
made that tweet about what
he's excited about
which is specifically code verification with AI
I have had
that idea, I don't know if it was prior to Vitalik
or after him, but we're definitely thinking
about the same thing, and
if we can build something that's open source
that actually works for the global
Ethereum ecosystem, then I think the whole
ecosystem will win, so I'm definitely
excited about implementing it
So the question is, did you create it already?
Are you in the development of creating
it? Is it in R&D?
Like, how long far is that particular
protocol slash
AI? So the models
for the Solidity Code Verification already
been done, they're open source models, they
existed for at least 18 months
I've been using them myself
personally, it's about integrating the
models into the blockchain, that's where
the innovation is, it's
kind of like Elon Musk and cars and putting
electric engines and batteries into the car and making
cars better, so we're trying to make
blockchains better by integrating with
the AI engines that can verify
Solidity Code
Did you create the models?
I did not create the models, models
I'm created by, like
there were Facebook open source
models that were released, various other projects
there's like at least 5 large projects
that are working, so they're giving
you those kind of like Glenn Vanilla models
that you can fine tune later, based on
other data sets
So I've been working with fine
tuning and making models work better
for this specific purpose
but it isn't necessarily
my invention, the Transformers
technology has been invented at Google by
the people that I actually know
and once I read their paper
I kind of understood that this is going to be the
future, so I'm able to communicate
with those guys and I kind of like
know what's
coming and that's why I'm able to
position for the blockchain
in the way that we're positioning now
so that's where the
value is, I believe, it's not
necessarily the creation itself but more like
integration
Is that Schrodinger's cat?
Is that Schrodinger's cat, sir?
He's alive as fuck
is experiencing
highs and very
uncertainty right now, so we'll see what
Let's go to Blobo
I'm sorry, go ahead
Let's go to Blobo
We'll get back to your mask
Hey guys,
yeah, I just wanted to say
thanks a lot for doing this
I think it's a really lovely gesture
it's also a very smart marketing move
obviously
My question relates
to Zennium
As I understand it
there's two types
of coin or token
on the X1
One will be proof of stake, that's
XN will be used
to pay the validators
and secure the blockchain
Then we have Zennium
blocks, which at the moment
we can merge mine
and we get this thing called
XNM, and at the same time
you also get super blocks and you also get Zuni
As I understand it, the
only difference between those is
basically
the rarity, I guess
of how much you
get as you mine
But I'm just kind of like
and that's proof of work because it's GPU mining
I'm just not quite
understanding how
they fit into the
ecosystem
Is it just that you put a proof
of work token on
there, and if so
does that mean that anybody can
make some sort of algorithm
to do different
types of proof of work
on tokens
or is there going to be
some sort of use for
those three tokens
XNM you will be able to
stake and
provide liquidity for XNM
and XN pair, and also you can get
yield from
trading, and you should
be able to get yield in XN
by staking XNM
In terms of Zuni, it's going to be
basically a collectible token that's
merged mine, so you're not actually spending
any extra GPU cycles
to mine it, but
it is a collectible, and we just wanted
more tokens to be mined at the same time
and it will be tradeable
on the X1 decks as well
So, and there's
of course super blocks, they're
denoted by X.BLK
token, those are
even rare
and obviously we
want to have liquidity across
all those tokens, so that's going to be really interesting
Obviously, AI is a
big narrative that's coming
and hot right now, and that
not really naturally
blends or overlaps with
crypto, but
that boundary is being erased
more and more and more, so
we obviously have been talking about
integrating AI in the consensus
model of X1, which is very
interesting, also
as Jack has been talking about here
how we can verify code
so it can
find malicious stuff, but one thing
that's related to Zennium
because one thing that's
engine or community
or function really needs
is compute. You need a data layer and you need
compute, and this is
just a happy coincidence that we have
this awesome
GPU network for
mining XEM blocks, so one thing
that we really want to have in the roadmap
is how to figure out how we can
AI compute to
various AI tasks
and then somehow using
XEM as payment for that
So an example is that you as a user
could generate
and that's just one example of one
use case, you can generate
a collection
of images using
AI rendering, which would use the
Zennium network, GPU network
as compute for doing so
and then mint that
single or collection
NFT on X1
and then obviously paying in XEM
a really good asset to have
this GPU network
in the network
it also serves as a very
efficient fiat on-ramp
very efficiently, you can
you can diverge from the
normal route as a new user
to come into crypto with centralized exchanges
which is a horrible
experience, and it's super slow
it takes days, and you have to
give up all your privacy
with utility bills and
your mother's
birthday certificate
just to be able to trade
crypto, it's a horrible onboarding
mechanism into crypto
but instead you can just
with the click of a button, rent a GPU
and with that
same click of a button, deploy
a mining script, earn X&M
and as soon as we launch
or in close relation to the launch of X1
X&M will be tradable
so it also serves
as a great fiat on-ramp
It's a huge asset
to have a proof of work aspect to X1
That makes a lot of sense
that's really smart
will people be able, that's a great
fiat on-ramp
I'm just curious
will people be able to make
their own proof of work
Will they be able to
make different
Yeah, yeah
I mean like, so
that is one thing that we're actually
thought about because the
way that the proof of work works is actually
searches for a sequence of
symbols, so you should be able to
launch the proof of work tokens
in the merge mind for the miners
so basically the smart contract
on X1 will be able to
emit and mint
the tokens that
you're launching
by indicating what
kind of characters you're looking within the
string of the hash
So yeah, I mean like, you can expand it
from the three tokens
that we have, which is the super blocks
Zuni and XNM into anything
else you want
and the mining
group can actually end up mining
a multitude of
unlimited number of tokens
that people can come up with
So I guess if it searches for a certain
string of characters, does that mean that people
who have already been mining
if you just say, okay, we're going to search
this string of characters, then it's sort of
anyone who has already
mined those blocks
automatically gets that token
That is one option, so
it depends on the author of
the idea, they may say that from
this block onward, it's going
to be merged, or
you can have it retroactively
Retroactive stuff also works
because proof of work already been done
so why not, I mean, they can
get like this sort of
pre-airdrop for the work that they've been
doing, given that they already own
those hashes anyway
Yeah, yeah
Yeah, that's cool
How would that work actually
because right now, to submit something
it has to come at a specific difficulty
right, so if you got
it at a very low difficulty
versus somebody at a very high
Well, difficulties
is merged
together, it doesn't really matter
the hashes are valid
in the past, like
I think remember Joseph, you actually
looked at some strings
whether they happened in the past or not, so
they definitely did happen at the difficulty
that was at the time valid
so that doesn't make the hashing valid
you can just
retroactively search for the string
and basically say that if the string matches, then
you get the token
So you could basically, anything
that is already validated
could be used to
retrospectively mine for those
who own those specific blocks
and everything in the future
would be still mineable using
whatever difficulty is
at the moment, right?
Yeah, exactly
Or you could say, from this block on
as you said at that point
you could launch it fairly from a certain
specific block
Yeah, it depends on what
the plan is
what you want to do, so it really depends
But yeah, that's a huge opportunity
I'll ask one more quick question
in terms of the moon parties
so is the X1
chain going to be
launched at the end
of all of the moon parties
or is it going to be part way through
or is it... It will be launched
it will happen
at the same time basically, so in other
words, the chain will be
operational and the moon parties
will continue for years to come
where the ZEN
will be consolidated and burned
for people who want to burn ZEN
So the game theory here is really, really good
because people who do not
care about X1, I mean I'm sure there's people
like that somewhere, and they just care about
holding ZEN, they get to win by holding
ZEN and having a commodity
token that's
valuable because other people want it for
X1, and so they get
to enjoy the price appreciation on
Ethereum and Binance and
Polygon and everywhere else, they
don't have to burn it, but the
burning function and the utility of
burn and proof of burn is what
should counterbalance
the mint of ZEN
or creation of ZEN or the inflation of ZEN
So that's how we always thought
that we release ZEN as the
cryptocurrency that can be used
as currency into true sense
of the word and then applied
to the X1 conversion
should people decide to do that
So how will that work in terms of
burning different types of ZEN, like I assume
you'll have to set a ratio
are you basically saying at the start
of the whole thing, this is
the ratio, so in a way you're kind of
setting the price ratios in between
the two ZENs at that point
or can that change over time?
change ratios will be set for each
mode party based on the evaluation
and capitalization of ZEN
within the chain
So for example, if Ethereum
rallies versus
Binance, then
Ethereum should obviously
more value than BZEN
just because
the cost of burn is higher
or otherwise
they put drops and all of a sudden polygon
is more expensive
I don't think it will happen, but let's say that it does happen
then polygon is now
should get more
of an allocation for the moon party
And so you said there would
be years of moon parties
would there be a
set number, or does
it just keep going on forever?
I mean it depends on the community
and we're obviously going to
see what works and what works the best
we want it to be not
like a giant air drop
where everybody gets XM
right away and then end up
dumping it or something like that
it's certainly not ideal
but we want continuous participation
and continuous value creation for the ZEN
across all chains
and I think the
timed release is the best
possible way to do that
that's awesome, it sounds
very very intriguing
you almost need AI to
try to work out what the best
tactic would be in terms of whether
you just want to hold ZEN or
burn it or whatever
Well we'll have AI help us
among this journey obviously
and just one
I think, I'll
I'll keep you tuned
Hang out, there's a few people who have been
holding hands for a long time, but stick around
there won't be a chance
to ask more questions
go to you and then we're baked on Taffy board
if Jack doesn't
mind me using him as chat GPT
plus, I would like him to
explain, well you actually already
explain mining and
merge mining for some of us who don't
understand or just started
mining and don't really understand
like how all of the thoughts
are connected, like can
you summarize it
like if we were 10
so some of us could get the clear
picture of like how
all of these things
like interact
with each other
Merge mining specifically
Well you could start
from just proof of
work and then merge mining
because you have to, yeah, start from
proof of work and then integrate
merge mining
So proof of work is just a model
after Bitcoin proof of work except
we're using argon2
memory hard algorithm that
basically
this allows ASIC
mining because ASICs are
their speed from having very very low memory algorithms
and executing
fast, specifically using
that are not memory heavy
so argon2 is very memory heavy
and you cannot use ASIC
so you cannot actually get
technology to front-run
your mining
runs at one block
per second
and you get 10 X and M
for each block
Difficulty is shared
among the miners, very very similarly
how it's done with the Bitcoin
interesting thing is that this whole thing
is integrated into
where the
gets minted by
smart contracts
and you'll be able to
get your tokens
released as the ERC20
tokens and then trade them, so that's
very unique
Merge mining happens when you
can use the same
algorithmic power of your GPU
to mine multiple tokens at the same time
This idea I have
borrowed from
Dogecoin, because Dogecoin was launched
Litecoin equipment
first, and
basically if you're
mining Litecoin, you also could mine
Dogecoin, so I figured that
we could do something similar with
merge mining, where you can get
multiple tokens without
disconnecting your miner, and
this is actually very interesting too
So yeah, I mean, that's
and merge mining in
a technical sense, you're just searching for different types
of strings, like for example, with
with X and M, you're searching
for a string called
Zen11, it's just
XEN11, and then for
Zunico or Zunice, you're looking
for X, U, and I
but they're only mineable at the
top of the hour, and then SuperBlox
mined with the algorithm
that searches for Zen11
and it also looks for a certain number
of characters that are capitalized
within the hash
so that makes
Zunice about, I think
a thousand times more rare to find
I'm sorry, the
SuperBlox are about ten times
harder to find
So yeah, super fun, and
it actually, why
did we do all this? So I knew that NVGA
is going to be the big thing
in AI space
and I wanted to have the approval
participants to run
their NVGA equipment
and GPU equipment so that we can actually
extend their
functionality towards AI
powered engines, like
whether it's used for modeling
or training or
inference, inference is basically
getting results from
large language models, so
the things we envisioned for X and M
is using it as currency for
distributed compute marketplace where you can
actually load your models or
test your models or build something new
with GPUs or basically offload
tasks, so like if you're a miner
you will have an
option to mine, obviously continue to mine
for X and M or get paid with
X and M for the AI compute
that you will be providing through the blockchain technology
Jack, we're going to be providing
detailed documentation
about everything that has to do
with some blocks in the
GitHub that we're working on right now, so there you can read about
everything. Well listen, my
mother-in-law, my mother, my
Russian mother-in-law Svetlana,
who lives in Colomna
she has given me
monies to mine
Dawai Dawai
Let's fucking hash
Where are they?
How are you doing?
Hi Jack, it's so simple
Thank you for hosting this space, it's good to see
such a large space
I want to ask
Jack about the AI transformer
technology, so I'm curious about
Jack, you mentioned that the transformer
is like a Google tech, and you knew
about it through your friends at Google, so
my question is, is this transformer tech
open-sourced, or are you actively
collaborating or working with the
Google Brain guys on implementation
transformers on the X1, thanks
Yeah, it's open source, so
the story goes is
that Google guys
were working on it, and they released
the paper, and
there are many implementations
of the transformer tech
Facebook released
a lot of Python
plug-ins for transformers
If you go to chat GPT
right now, you can say that, hey,
chat GPT, write the program
in Python, using transformers
give me something simple, like
hello world, or something that
trains a transformer model
and it will tell you
everything and how to do it in
Python, and it's a really good learning
experience, it's all open source
Facebook released this library
called PyTorch
again, it's a transformer tech, totally
open source, you can use it
and Facebook has
been releasing open source models
that you can fine tune and train
to run them better
with the transformer
technology, but Google guys
just had the idea
and they released the paper
and obviously they have their own
I think it's called TensorFlow
implementation of the transformers
but there's other companies, other large
mega tech companies that released
open source stuff
Hey Jack, I have a quick question
Emad, the stability
he was on a podcast a year ago
he was talking about this
up and coming AI kind of
wave, this thing
that we're experiencing right now
and his thoughts
and Emad has a background
in hedge funds, I guess
and his thoughts are that
this summer, around this summer
that we will be
experiencing
the destruction
effects of AI
across all of our
society, of course
of everything, and
he dubs it as being tenfold
what Covid was
and what Covid did across all
the socio-economic
kind of sector
What do you think?
Do you think that
we can see something like this?
This huge disruption force
that changes everything around us?
with, you know how they say
with great power comes great responsibility
the AI can definitely
be weaponized
and there
is a movement among the
scientists
a few of them that I know
that are trying to put
moratorium on
the usage of
compute in a way
where things, they're basically
saying let's put some safeguards
let's come up with things
to make things safer for
the citizens of the world
and unfortunately
the answer is that
in the capitalist society
money talks
and people don't really
care about ethics
or anything like that
and especially in light of other countries
participating, like specifically
there's a lot of
Chinese innovation happening
not just in China but everywhere
and even if we put some sort
constraints and guidelines for ourselves
here, it doesn't mean that they
are not going to continue with research
and develop the advanced tech
that becomes more
intelligent than every human on the planet
literally overnight
now it doesn't mean that we're ultimately
going to get destroyed immediately
but I do see things like
for example
malicious entities, which
probably it starts with the humans
they basically will say that okay well
we want to influence elections for example
so let's confuse
the populace with the social
media and with the AI and give
them messages that are indistinguishable from
reality and the AI can actually
make it work
and give you the subliminal messaging
or maybe even real messaging
that is so pervasive
that is so interesting
that you cannot
simply say no to that and then
your mental
framework and your model
you're not necessarily going to become enslaved
by it but your decision
making is now under control by
someone else and we obviously
have seen this happening with
social media where the algorithms are tuned
specifically to keep your attention on the
scrolling so that the ads
can be sold to you so that somebody
can benefit from your attention
so definitely
with AI this is going to be
more and more and more and amplified
but what's really interesting
is that there are some companies and
groups out there that are actually working on the
AI like inoculating
AI. If the first
type of AI is the virus that
can be used by the malicious humans
the second type of AI actually
is used to protect
you from the influence of
the sort of AI
control that's coming.
And it isn't like...
Xenobots.
He has xenobots.
the funny thing that I had
this thought so obviously I like Elon Musk
and I like everything that he's doing. However
he's just a normal human.
He may wake up one day and say that
I have this army of robots
that literally look like
from iRobot movie
and he's going
to remake the world
in the image that he prefers
just like using the Tesla
robots out there, you know, Optimus Prime
and whatever he calls them.
I mean that's how it just came to me
as I was dosing off to sleep.
I mean definitely humans
fallible in a way
that they may think that they're doing something
proper and useful but then
in reality they just accidentally end up
destroying the world and the society we live in.
So it's going to be a crazy
ride for the next 20 years.
I mean like the number one objective
here is of course to make
sure like Putin doesn't nuke
the planet and
if he does then the AI is a
He's roughing at the jokes.
He's having a good time.
So I have a question about
XN and X1
as the future of brick and mortar
because I know everything right now is online
and on blockchain, which I understand
but sooner or later
you're going to have to get to a brick and mortar
system. Like
you're trying to build
blockchain that's like
in the making
function of Google or have as much as Google
has. So my question is
what state are you thinking about
building in and what are you thinking
going to have your first brick and mortar like
building where people can
familiarize
themselves with X1
we need the planet
for that.
Well you got to start from somewhere, so what state?
I am a firm believer
in the virtual world
so I think we don't really need
the offices or anything
like that.
It's kind of like a
low energy tech. Though
however, should we ever have a Zentopia
conference
that's where every
XN will be welcome to.
I think the
proper place to do it is in Vegas
so that everybody can have fun.
Vegas? Vegas baby.
I was thinking like Wyoming
I was thinking like Wyoming where we start
like building minor plants and shit there
and like buildings there.
Yeah we'll take
Venice! Let's do Venice man.
Texas guys.
Man, nobody's going to Texas for that.
Yeah, nobody's going to Texas.
Texas has all the mining
facilities.
We got Atticus up here. Atticus, what's going on man?
Hey, what's going on guys?
Thanks for doing the space.
Just a quick question. I heard
crypto broad yesterday in the space
and I was wondering about
this that the XNM
is only going to be tradable for
XN. So I was wondering how, and then I just heard
you say that there's going to be trading pairs
for each of the tokens.
So I'm wondering how's the
market cap and the price going to be
determined for
XN vs. XNM
and I'm wondering if
there is pairs that the retail
and the new people can come in and purchase
how will they make the decision
and will it be confusing for them
to choose which one
So, I mean,
obviously the XN is the
flagship token because
it powers the chain.
It's utility coin
rather it's used for gas
and everything. So
likely there will be
most interests will be there
first. But XNM
obviously is also very, very important because
it has the AI narrative and
the grid compute, distributed
compute, so on and so forth.
We'll just have to see what the market decides.
We'll definitely want to pair
those two coins. I definitely want to
talk to decentralized exchanges and
have them list both
and I think they'll have different markets
obviously because they have different economics
so we'll just have to see. But I think
XNM has this purity where
it has that economics very well
defined. It's modeling Bitcoin.
It has very
difficulty and deflationary
emission schedule. I think in four years
90% of it will be minted out.
So it becomes
very, very rare, very, very quickly.
I think it will bring a lot of
economic opportunity and economic energy
to the chain just by being
so unique. And we definitely
want to use it on the
decentralized exchanges. And we'll
basically see where the market
wants to go and
develop the products around those
tokens to yield
maximum performance for
everybody participating.
So just an attachment.
Do you foresee people building
on top of XNM over and above
just the proof of work? Or is it
just like an isolated use case and most
of the use case will be on the
XN token?
I think it's two different things.
So XNM is like this very rare
token. I don't think people actually should be
burning it. But I think
XNM, you can do all kinds of things with it.
Like you can stake it into the validator.
You can delegate a proof of stake.
The fee is going to be burning it
and then there's all kinds of incentive
things happening with XN
where XNM is like this
store of value. So it has like
I would say different DNA
of creation.
And we'll just have to see how
community feels about those
types of optionalities and go with that.
I meant thumbs up, not thumbs down.
Hey guys, I'm going to
take a few more questions and then
we're probably going to have to close the space
because it's almost been two hours and
Zantu bringing people.
Yeah, let's listen to
And Joly lives.
They haven't asked
anything yet.
Hi, Elysium guys.
Hi, can you hear me?
I have two
short questions. One
is regarding the auctions
So basically we're
pegging the
Zen auctions.
So what will happen when people
will be able to
XN from the open market?
So in theory it can kill the auctions.
Yep, so this is
the first question.
Because the auctions are supposed to be almost
three years.
Yeah, so obviously
we want the XN to be tradable.
But we also want
So the way it looks, there's one billion XN
and those auctions, they'll
have an allocation dedicated to them
and to the market it will look like
it's an unlock through the participation
of Zenyans and the burn of Zen.
So that's very, very useful.
But obviously
the other type of XN
that can be
received through
yield or any
other means, it
likely will be tradable. Or like
even if there's a few auctions that
come to pass and people get their
allocation, they will start trading it.
That will create the market clearly.
if you're a newcomer into the ecosystem
you will have an option
use Zen to play in the auction
or buy XN on the market
directly. I mean like definitely
also an option. Very, very
similar to Zen obviously
because with Zen you get to mints
Zen and then
you're running a risk of high
gas later or you can buy
a market from
the liquidity
pools. So it's similar
and different types of risk profiles
obviously exist. I mean like
clearly if all of a sudden
has a billion dollar valuation and it's
rallying, it's becoming $2 billion
and you want to have it in your pocket
ASAP then you will be
more likely to buy it
from the centralized exchange, from the DEX
and you're not going to be
waiting 30 days to see if you
get an allocation through
a moon party. But certainly
there is an arbitrage opportunity because
you may be thinking well wait a second, I have
a lot of Zen and I'm going to
definitely grab a big
chunk of XN in the moon party
so maybe I shouldn't be buying just because
I'm a big Zeni and OG
so I mean there's a lot of
game theory surrounding this and I think
everybody will have something to do.
There's a worst case scenario here that
can be a situation that there will be
no incentive to participate
in the moon parties because
it will be for example more cheaper for you
to buy from the open market.
So if that happens
well guess what will happen. So let's say
that there's barely any people burning Zen.
Well that means that if you can come with 10 Zen
you get the whole allocation. So clearly
you would want to do that because you're going to win
an arbitrage.
Okay and my second
question is regarding
the bridge
is still going to be developed
or the VMPX is
going to be used for something else?
So we have a lot
of options to use VMPX with.
We definitely do want to use it for the bridge
and we're working with the Libre guys
to make it happen.
At the same time we recognize
that X1 should launch
sooner than later than we want to give
and the bridge is not ready
yet that we want to give
VMPX the opportunity to
participate in moon parties as well
from both Bitcoin and the Ethereum side.
Okay, thanks.
Yeah, let's go to Yole lives.
Good morning. First of all
good morning and holy shit
excuse my language. I was just
wandering around my house I feel
like in my Sunday brain
with a t-shirt making
coffee and relaxing
and I fell into
fantasy game theory here
and I've got my Sunday brain on
and I'm like
holy shit
this is very excellent
and picking up of people's
perfect, community
excellent what you're saying
but I need
I feel like how do I
put my clothes back on so I can
learn more about this I'm hoping you're
going to have more spaces
and I can like come dressed
next time with my Monday to
Saturday brain and learn
So what are you wearing right now?
Oh my god
my brain is marbling but what I'm learning
okay that wasn't a real question so I won't
answer it but thank you for asking and thank
you for doing this excellent
Yeah well thank you for being
here we'll definitely have more
spaces and more streams and
we've always
been very engaged with the community
there's a million
Telegram groups that you can join based on
your topic of interest and we're
always there to communicate
Thank you
Do you want to take it home here?
Joseph also probably
has something you wanted to say
Joseph can go first
he's been waiting a while
Jack so I had this
question like an idea basically
but I didn't
spend too much time thinking about it but I'm just
going to bring it up maybe you can
give me your thoughts on this one
so you're now trying to
create X1 like basically
combining this consensus mechanism
proof of stake
based on phantom and proof of work
utilizing this argon
GPU mining so
you mentioned that there'll be a possibility
for people with Xenium
to buy allocation
of a percentage
of combined GPU power from
extended miners to do any GPU
task whether it is
AI or not AI related
the idea I had as you know
like right now
a lot of people who are using
AI they go to like CAD GPT
Gemini, Perplexity
you know using Claude
etc but it's a huge
insanely huge market and
it's bringing like anytime new tool
is released or a new
model there's quite a lot of people jumping
on it and there's a lot of attention given
to it but as you also know each
of these companies that
are behind it and spend a lot of
money to develop these models
they also do their own way of
censoring these engines
it would be technically feasible
to allocate some very
default small percentage of
the extended miners GPU power
to basically create
like an open source
unshatterable completely
decentralized AI model
that would be kind of
like basically a version of
charge GPT living
among the network of
Zen block miners
and where people could
come in and do their own
uncensored
AI querying
yeah well this is definitely
division and I have worked
with the Llama 2
which is the Facebook open source
model that they trained
and various versions of their
that are fine tuned
whether it's for technical discussions
or some entertainment or scientific
knowledge and we definitely
should be able to load all those
models into the chain and they're going
to be open source
the question
comes ultimately
is the safety
and the ethics
and all kinds of things
they're important questions because
you can launch the sort
of model that's completely
uncensored without any sort of guide rails
and some people
could be convinced
that they need to hurt other people
just by learning something that
the uncensored charge GPT
or the version of charge GPT
tells them so we have to
spend some deep thinking into
should be allowed and shouldn't be
allowed and then again like if
we are the ones to make the judgement
I mean who are we to make the judgement like
that I mean like with the corporation
that's pretty obvious they're responsible to
their investors and they're guided by their
corporate charter and
the board and all that but in the decentralized
things can go out of hand
very very quickly so it's a balancing
act whether
is safe or not safe and again like
I would find myself
in a very very difficult position
to decide whether I should
be the one deciding what's safe or not
so this is a very
very deep philosophical thing
that we need to ultimately
explore because it's definitely coming
yeah it's an interesting topic
you know what they say like somebody
mentioned or somebody said it I forgot who
it was but they said like
which AI do you think will kill you
will kill humanity
and is it the one that you
you're going to build fences around
or the one that you let freely
yeah I mean like I think
it's not a clear answer
there's no clear answer there
because it's not the AI
that ends up killing you it's
humans killing other humans so
and what prompts them to do it
what kind of trigger are they going to have
is based on
their situational awareness and
the technology they're exposed to
so that's why it's a very very
difficult and deep philosophical conversation
we'll discuss it then
we'll okay
sounds good
alright one more question guys
I have the most important question here
it's gotta be good
a big capital W
one X one
already alive
it's just not mainnet yet
truth to be told
clearly we want this product
to be amazing and we're
spanking it very hard right now
I'm very happy with the team's progress
we're growing
our validator community
those guys are great
in the last three months we have had
at least 800 instances of validators
we have found some bugs that we're working to fix
we're not
gonna wait for the kind of
the AI development for the chain
and launch it with the AI we're gonna launch
it sooner without the AI
engine and then implement it per
the roadmap so currently
as and Sue and I were working on
the on the gitbook and you guys
have seen gitbook
on X there was
screenshots from the
book there and I think we definitely
want to have the world know what they're getting
into and that's why proper
information and proper documentation
is really really really really necessary
in terms of technical
stuff I think we're
getting pretty close to getting most of the
bugs resolved and
and yeah I'm super excited
about this because
and I kind of wanted to
to make a short message but I guess I'll say
it here so the main difference with
with X1 and
the rest of the blockchain technology
and solutions out there is that
most of the tech is
implementing a settlement layer
that's also acting as an execution
layer and
those things are not compatible and here's why
so with the peer-to-peer
technology when you have
heterogeneous network
heterogeneous actually means that you have
many moving parts many different types
of servers that are running
all the way across the world
you cannot expect the chain
to run fast
just because all of
those parts are moving at different speed
and the more diversity
you have the slower
the chain becomes because it needs to account
for all the votes out there and that
is the Achilles heel of the today's
technologies that pretty much
every chain is thinking that somehow they can
integrate the execution layer
with the settlement layer at the
same time and be fast and yet
fully distributed and ginormous
in size so what we're
doing that's different we're implementing
a layer tool like technology
which is modular on top of the
settlement layer that allows for
this kind of like a creation
of virtual blockchains that are very
very fast within the settlement
layer itself without
any sort of slow down
of the largeness of the chain
so in other words we can exist in
the heterogeneous environment
but have the AI engine actually choose
the committee of the validators
to the validating transactions
and executing transactions so
the execution environment is always going to be
fast and it's going to be a set of servers
that will always be rotating
so with Solana they are rotating leaders
and leaders are just servers and nodes
that produce blocks and propose blocks
but then the rest of the network have
to vote on it and they have
they need two thirds of the network to
vote in the blocks if the network
goes 10x in Solana's case well
they're going to be 10x slower just because
you cannot avoid laws of physics
in our case
we are not using the leader model
however every sub-committee is
like a blockchain, a virtual
blockchain leader in itself
it virtualizes
the speed of execution
and then gives up control
and is governed by
decentralized and distributed AI
so that is the ultimate
like holy grail of the
blockchain technology today
Ethereum is trying to solve it with layer 2
and they're trying to basically say
well there's arbitrage, there's base
there's optimism and those guys are fast
but the reality is that
that market is getting more and more fragmented
you need to get more and more tokens
our vision is top speed
blockchain
is the largest in the world, fully distributed
has the best decentralization
and have the best economics
and obviously have the best community
and the best tokens and so on and so forth
so we can all buy
ourselves a solar system and have a
planet Zentopia
anyway that's
my vision or that's how
I see it and I'm super excited about it
we're all very excited
guys this has been an awesome space
this is about
checks or X-Hex
which I guess you can call it as well
it's going to be... and it's about biting the hand
biting the hand
biting the hand
free claim token on X1
when it launches
if you had
E-Hex or P-Hex
on the 9th of March this year
when the snapshot is going to be taken
then you'll be able
to claim exactly
more details about that and how the
contract is going to work etc etc
is to be decided
but it's a very simple
meme thing without any
kind of centralized control
it's to stimulate
the growth of X1 and
stimulate community
and let us know what you think about it
and we are
in the chats as always if you have any questions
just shoot them
wait to see it
buy a Rolex
buy a Rolex
then stake it
and then stake it on X-Hex
then stake it on Rolex
for serious that everybody in the space
that has a normal's wallet go check out
your wallets because you might have
a free iPhone sitting in your wallet today
the past three days have been like
mad airdrops with the Runestones
they're roughly going for $3,000
right now so it's early
Christmas, very early Christmas
if you guys have a
Uniset or any type
you're suggesting we trade them for an
iPhone homie?
well it's up to you, you can do whatever you want
pay your rent, do something
take some gains
awesome guys, thank you for
the space and
as you know there's this new telegram
group called XX
we can move the conversation there
we're always available and
thank you for your attention and
we hope to see you again soon in spaces
and YouTube streams and
telegram voice chats
let's fucking go
let's fucking sex