40 Burst results for "Nova"
Evangelism on SermonAudio
A highlight from Creation Evangelism
"Father, I thank you, it's you that changes hearts. And so Father, I just pray that you be glorified this morning. And Father, again, just be with me as I share. I just pray in Jesus' name, amen. So my passion in the creation movement has been reaching young people. So you'll notice I'm kind of young people oriented. So really I'm almost intimidated coming before you today just hoping that I have something of value to offer to you. So that has been my prayer. You know, I've got a friend by the name of Dr. Dan Biddle who is the president of Genesis Apologetics. And a lot of times I'll get phone calls from Dan that go something like this. Good morning. Good morning. Today there's a 16 -year -old girl sitting in biology class. Pat, today she'll hear the evidence that convinces her that evolution is true and that there is no God. Pat, what are you doing today to reach that girl? Is this Dr. Biddle? I love his heart. And so I think in this crazy world that we live in today, I think more than ever we need to stand boldly for our faith. And so today I'll be telling you lots of personal stories. By the way, as I tell you personal stories, it's not because I think I've got it all figured out. In fact, I come before you today knowing that many of you have done so much more evangelism than I have. I'm not a know -it -all. I just want to share with you some thoughts. So I'm going to give you lots of random stories today. And then we'll jump into the word a little bit. But before we do, as I've been here with Figgy a few times, I've gotten to present a talk that we've done on Journey to Nova Rupta. And so Figgy asked if I would just show a trailer to that documentary. This was made by homeschoolers over a span of 10 years. I just wanted to show you that and then tell you where you can watch it for free.
WTOP 24 Hour News
Fresh update on "nova" discussed on WTOP 24 Hour News
"At 63 and holding in our nation's capital brought to you this early 3 a .m hour wednesday morning october 4th on wtlp by longfence they have 25 percent on longfence decks pavers and fences six months no payment no interest financing terms and conditions do apply check them out go to longfence .com wtop at 310 where we bring you money news 10 at and 40 past the hour here's jeff playbook the fda approved gaithersburg based nova vax's updated vaccine tuesday it still needs cdc approval the number of job openings jumped to 9 million in august 700 000 more than the previous month dulles airport has added more international flights in 2019 than any other u .s airport making it the fastest growing international gateway in the u .s about tumbled 431 points tuesday the nasdaq lost 1 .9 percent jeff playable wtop news checking overseas this morning asian stocks have been mainly lower all morning with the exception of the shanghai which has edged up about three points otherwise the ek is down 311 points this morning the cost be off 60 thanks saying is down 188 good morning glad you're with us 311 on wtop welcome in hey friends dave johnson here for my friends at window nation fall is the best time of year i know i'm sports guy and every sport going on but it's also the return of window nation's best offer of the year get listen two windows free for every two you buy plus put no money down make no payments and pay no interest for two years your old windows are hard to open and close or drafty and leaky now is the time to call window take care of before it now the cold weather arrives get two free windows with every two you buy and pay nothing for two years call 866 90 nation or online at windownation .com you're with in lane i'm wtop hi i'm patricia ferrick president of fvc bank with me today is dr christopher goode fine surgeon president and ceo of institute the virginia in spine reston virginia welcome doctor goode thank you patricia for over thirty years the virginia spine institute has been at the forefront of providing customized solutions for one hundred thousand patients with spine conditions ultra personalized care our specialists provide leads to remarkable victories for our patients that's impressive doctor goode fvc bank appreciates the close relationship we have with the virginia spine institute for listeners with back pain call virginia spine institute in reston at the virginia spine institute we pride ourselves on building personal relationships with our patients and as a business owner i need the same type of care from my bank i have moved our banking to fvc bank because of their dedication to crafting personalized financial plans that suit needs our visit fvc bank dot com that's fvc bank dot com member it's time to celebrate the most wonderful kids in the washington region it's wtop's top kids awards in partnership with northwest federal credit union do you know a kid who goes out of their way to help others nominate them today there's two chances to win five hundred dollars and be featured on wtop each month on air and online now through october it's a
CoinDesk Podcast Network
A highlight from UNCHAINED: Heres How Sam Bankman-Frieds High-Stakes Trial Could Play Out
"Arbitrum's leading layer two scaling solution offers you ultra cheap and lightning fast transactions, all with security rooted on Ethereum. Visit arbitrum .io today. Toku makes implementing global token compensation and incentive awards simple. With Toku, you get unmatched legal and tax tech support to grant and administer your global team's tokens. Make it simple today with Toku. Today's guest is Nick Day, Coindesk's managing editor for global policy and regulation. Welcome, Nick. Thanks for having me. The trial for former FTX CEO Sam Bankman -Fried starts next Tuesday, October 3rd. There's been a lot happening pre -trial. For instance, Sam has requested release from jail multiple times and repeatedly been denied, including as recently as Thursday morning. My personal thought was that it seemed like all these requests that the defense was putting in at this critical juncture right before the trial was supposed to begin was maybe not the best use of their time, but that's just my personal opinion. I'm not a lawyer. Why do you think they made this such a point of focus in the last few days? Yeah. So I'm actually coming, you know, I was in the courthouse just a few hours ago where this very issue was brought up and the, you know, defense's arguments were, well, the first time we asked it was for pre -trial release. You know, this was right after Bankman -Fried was remanded into custody in mid -August. The second time was, you know, they were asking an appeals court to overrule the judge's decision to remand him and they lost that as well. In court today, the defense said, well, you know, now we want to ask for during trial, which is why we waited until this week to make that request. And they say that they want to, you know, the circumstances are different. They're not asking for Bankman -Fried to be released from jail in the weeks leading up to trial. Now they're saying, well, you know, during the trial, we're going to have to talk to him and check with him about defense witness testimony and cross -examination and things like that. So that's why we're making this request. And the judge didn't really find that compelling. And why do you think the judge has stuck to this position of keeping Bankman -Fried in jail? So in the judge's words, there's a couple of different reasons. One being that Bankman -Fried has had ample time to look at the defense materials. You know, one of the arguments was there are something like 1300 exhibits expected over the course of the trial. And the judge asked today, you know, were these all prepared and shared with you before, I think he said September 8th, so earlier this month. And the defense, they said, yes, we've seen all of this. We've had access to all of this. Bankman -Fried was out on bail for about seven and a half months. And so the judge's argument is, well, he's had time to look at this. You know, there's no surprises here. And he said that the defense has the chance to talk with Bankman -Fried in the Metropolitan Detention Center where he's currently being housed weekends during days that there are no trials. So, you know, the trial is not every weekday. It's going to be most weekdays. And he said, you know, you have the time, you have the opportunity, you are able to talk to your client. You're not really losing a whole lot. But he added kind of a, you know, made this ruling where Bankman -Fried will even be presented to the courthouse early on trial days where there's certain witness testimony that has to be discussed and let the attorneys just talk to him before the trial begins on those days. So he's saying basically, you know, you have opportunities to talk to your client and I'm going to give you more time to do so, but I'm not going to let Bankman -Fried out of jail. So the main focus next week as the trial begins will be jury selection. Tell us what you think that process will be like. It definitely will be interesting. I think it's probably going to be very boring from just kind of an observer perspective because it's a long process and we're going to be just sitting there watching this judge ask each individual, have you heard of FTX? Have you heard of Bankman -Fried? What do you think about cryptocurrencies? But it's going to be very interesting because this is the part where we're really going to get a sense of, okay, you know, these are the 12 or so people who are going to determine whether or not Bankman -Fried spends the next, you know, 10 to 20 years of his life behind bars and so I'm expecting to see maybe as mixed selection. I think if you pluck a random group of New Yorkers off the streets, some of them may have heard of cryptocurrency. Most of them probably will not have and they're going to be tasked with deciding whether or not one of the biggest figures in crypto committed fraud on the way up and on the way down. Something that was interesting to me was the prosecution said that they expected jury selection to take the better part of a day. I've seen some legal opinions that it will take longer than that. What do you think could potentially happen there and why do you think some analysts are saying that it would take longer? Yeah, no, I've spoken to a number of lawyers as well ahead of the trial, you know, where at Coindes we're trying to do a lot of kind of preview coverage, basically saying here's how it might go down. Everyone I spoke to said it will probably take a couple days. Part of that is because this is a fairly notorious case. A lot of people will have heard about Bankman -Fried and presumably formed some kind of opinion that would, you know, disqualify them from being a juror on the trial. I'm not sure where the DOJ is getting their estimate from. It's very possible that, you know, through the questionnaires that the jury pool is sent through the, you know, the kind of the mass selection process or deselection process that the judge engages in. Maybe that streamlines a big part of it by kind of, you know, reducing or like immediately filtering out the people who are most blatantly, you know, either knowledgeable or biased or otherwise have their own preformed viewpoints about the case. And so the jury selection might just be focused on, you know, those individuals who have made it through those initial filtering processes. But that's speculation on my part. I honestly am not sure if it is a better part of the day that we could see opening statements as soon as next Wednesday, October 4th, which would be a pretty rapid start to the trial. And Coindesk did some work to try to suss out what it is that Lower Manhattan New Yorkers might say if they were randomly picked for a jury. What did you discover there? Yeah, no. So Coindesk's Dylan and Victor went to Manhattan, downtown Manhattan to the financial district, and literally just went up to people and said, hey, we're with Coindesk. Have you heard of FTX? Have you heard of Sam Bankman Fried? And a fairly large part of this group just hadn't heard about it. You know, they weren't familiar with it. They weren't comfortable talking about crypto. They weren't familiar with crypto. And of those who were, you know, I think they found a fairly even mix. There were some individuals who had heard about Bankman Fried, some individuals who had only heard about crypto, some individuals who were very knowledgeable. They actually found a, you know, a Yahoo anchor who was the most knowledgeable about it, naturally, as you know, a reporter covering the financial space. But they also found people who were looking for jobs in crypto, people who were investors in the space. By and large, it seems to, you know, a lot of the people they spoke to just weren't interested or talking, interested in talking about crypto or in, you know, being part of this, being part of crypto. So if that is a representative sample of who we'll see next week at the jury pool, it'll be interesting because we'll see a large, potentially large, jury pool of people who aren't familiar with crypto. Again, on one of the biggest, you know, bang in on one of the biggest figures in the space. Recently, the defense proposed certain questions that it would ask the jurors and the government said that they felt these were quote unquote intrusive. What were some of the questions that were proposed and what was the government's response? Yeah. So, you know, the background here is both the DOJ and the defense team filed their proposed jury questions to help filter potential jurors. The defense team in particular had a number of questions about, you know, how these potential jurors felt about things like effective altruism, about political donations, about ADHD and people who have ADHD. And the DOJ response was really, you know, they felt that some of these questions, for example, about effective altruism and about political donations seemed kind of primed to or designed to prime the potential jurors to think, oh, well, Bankman Fried was trying to do all of this in service of this effective altruism philosophy. Therefore, he was trying to raise money to donate to better the world or designed to try and prime the jury to think, okay, well, you know, political donations is fine. So these allegations about breaking the law in the way he tried to donate funds maybe is, you know, overreach or whatever. And then the intrusive part, you know, treating just kind of this question of ADHD and whether or not people were, you know, involved with individuals who had it or the DOJ just felt that these questions were really designed to try and shape how the jury would see Bankman Fried as opposed to just kind of gauge their existing biases. And so the DOJ opposed these questions. And I think we're still waiting to see for sure if there's any public response on the judge prior to jury selection on Tuesday. All right. So in a moment, we're going to talk about different legal strategies that the defense might pursue. But first, a quick word from the sponsors who make this show possible. Arbitrum stands at the forefront of innovation as the premier suite of Layer 2 scaling solutions, bringing you lightning fast transactions at a fraction of the cost, all with security rooted on Ethereum. From DeFi to gaming, Arbitrum 1 plus Nova is home to over 500 projects. And with the recent launch of Orbit, Arbitrum welcomes you to build your very own Taylor Layer 3 or an Orbit chain. Propel your project and community forward by visiting arbitrum .io today. Toku makes managing global token compensation and incentive awards simple. Are you designing your token compensation plan and grant templates with multiple law firms? Are you managing cliffs, vesting and taxable events in a spreadsheet? Are you distributing tokens to your team manually? With Toku, you get unmatched legal and tax tech support to grant and administer your global team's tokens. Easy to use token grant award templates, vesting tracking via online dashboard, tax withholding integration with payroll, automated distributions, great employee experience. Make it simple with Toku. Learn more at toku .com slash Unchained.
WTOP 24 Hour News
Fresh update on "nova" discussed on WTOP 24 Hour News
"You ever seen an ad say for a nice juicy burger but ended up well disappointed when you receive the order at the restaurants well one person did and decided to do something about it sue McDonald's and Wendy's over this for false claiming their online ads show bigger burgers than what is actually being served but a federal judge stepped in New in York not buying it he dismissed the lawsuit an opinion released over the weekend US District Judge Hector Gonzalez says the images on the company's websites include the weight of the meat and the calories each burger contains Wendy's and McDonald's have yet to comment on the lawsuit a bean like Mike now basketball legend Michael Jordan's now the first athlete to land on Forbes list a 400 Americans wealthiest the six -time NBA champ and Hall of Famer is now worth more than three billion dollars thanks to his huge licensing deal with Nike and sale of his stake in the Charlotte Hornets Elon Musk took the top spot this year with a net worth of 251 billion dollars Jeff Bezos was second and Donald Trump have a tremendous income he's still a billionaire but Forbes says he's no longer rich enough for its list the former president was about 300 million dollars short Monica Ricks CBS News you listening are to 103 .5 FM in wclp .com are you afraid of the dentist missing broken or painful teeth do you have a loved one who has special needs discover Nova dental anesthesia Virginia's
Unchained
A highlight from Heres How Sam Bankman-Frieds High-Stakes Trial Could Play Out - Ep 549
"Even though each of these charges, if you look at the DOJ press release says, oh, it contains a maximum sentence of 20 years or five years, whatever, it's not going to be consecutive. It'll be concurrent. So the estimate I'm getting from various attorneys that I've spoken to over the past few weeks is it'll probably be somewhere in the, you know, 10 to 20 year range. Hi everyone. Welcome to Unchained, your no hype resource for all things crypto. I'm your host, Laura Shin, author of The Cryptopians. I started covering crypto eight years ago, and as a senior editor at Forbes was the first mainstream media reporter to cover cryptocurrency full time. This is the September 29th, 2023 episode of Unchained. Thinking of launching your own stable coin? Start with the open source stable coin studio toolkit on Hedera. Start your journey at Hedera .com slash Unchained. Shape tomorrow today. With the crypto .com app, you can buy, trade and spend crypto in one place. Download and get $25 with the code Laura. Link in the description. Arbitrum's leading layer two scaling solution offers you ultra cheap and lightning fast transactions, all with security rooted on Ethereum. Visit arbitrum .io today. Toku makes implementing global token compensation and incentive awards simple. With Toku, you get unmatched legal and tax tech support to grant and administer your global team's tokens. Make it simple today with Toku. Today's guest is Nick Day, Coindesk's managing editor for global policy and regulation. Welcome, Nick. Thanks for having me. The trial for former FTX CEO Sam Bankman -Fried starts next Tuesday, October 3rd. There's been a lot happening pre -trial. For instance, Sam has requested release from jail multiple times and repeatedly been denied, including as recently as Thursday morning. My personal thought was that it seemed like all these requests that the defense was putting in at this critical juncture right before the trial was supposed to begin was maybe not the best use of their time, but that's just my personal opinion. I'm not a lawyer. Why do you think they made this such a point of focus in the last few days? Yeah, so I'm actually coming, you know, I was in the courthouse just a few hours ago where this very issue was brought up and the defense's arguments were, well, the first time we asked, it was for pre -trial release. You know, this was right after Bankman -Fried was remanded into custody in mid -August. The second time was, you know, they were asking the appeals court to overrule the judge's decision to remand him. And they lost that as well. In court today, the defense said, well, you know, now we want to ask for during trial, which is why we waited until this week to make that request. And they say that they want to, you know, the circumstances are different. They're not asking for Bankman -Fried to be released from jail in the weeks leading up to trial. Now they're saying, well, you know, during the trial, we're going to have to talk to him and check with him about defense witness testimony and cross -examination and things like that. So that's why we're making this request. And the judge didn't really find that compelling. And why do you think the judge has stuck to this position of keeping Bankman -Fried in jail? So in the judge's words, there's a couple of different reasons. One being that Bankman -Fried has had ample time to look at the defense materials. You know, one of the arguments was there are something like 1300 exhibits expected over the course of the trial. And the judge asked today, you know, were these all prepared and shared with you before, I think he said September 8th, so earlier this month. And the defense, they said, yes, we've seen all of this. We've had access to all of this. Bankman -Fried was out on bail for about seven and a half months. And so the judge's argument is, well, he's had time to look at this. You know, there's no surprises here. And he said that the defense has the chance to talk with Bankman -Fried in the Metropolitan Detention Center, where he's currently being housed weekends during days that there are no trials. So, you know, the trial is not every weekday. It's going to be most weekdays. And he said, you know, you have the time, you have the opportunity, you are able to talk to your client. You're not really losing a whole lot. But he added kind of a, you know, made this ruling where Bankman -Fried will even be presented to the courthouse early on trial days where there's certain witness testimony that has to be discussed and let the attorneys just talk to him before the trial begins on those days. So he's saying basically, you know, you have opportunities to talk to your client and I'm going to give you, you know, more time to do so, but I'm not going to let Bankman -Fried out of jail. So the main focus next week as the trial begins will be jury selection. Tell us what you think that process will be like. It definitely will be interesting. I think it's probably going to be very boring from just kind of an observer perspective because it's a long process and we're going to be just sitting there watching this judge ask each individual, you know, have you heard of FTX? Have you heard of Bankman -Fried? What do you think about cryptocurrencies? But it's going to be very interesting because this is the part where we're 12 or so people who are going to determine whether or not Bankman -Fried spends the next, you know, 10 to 20 years of his life behind bars. And so I'm expecting to see maybe as mixed selection. I think if you pluck a random group of New Yorkers off the streets, some of them may have heard of cryptocurrency, most of them probably will not have, and they're going to be tasked with deciding whether or not one of the biggest figures in crypto committed fraud on the way up and on the way down. Something that was interesting to me was the prosecution said that they expected jury selection to take the better part of a day. I've seen some legal opinions that it will take longer than that. What do you think could potentially happen there and why do you think some analysts are saying that it would take longer? Yeah, no, I've spoken to a number of lawyers as well ahead of the trial, you know, where at Coindes we're trying to do a lot of kind of preview coverage, basically saying here's how it might go down. Everyone I spoke to said it will probably take a couple of days. Part of that is because this is a fairly notorious case. A lot of people will have heard about Bankman Fried and presumably formed some kind of opinion that would, you know, disqualify them from being a juror on the trial. I'm not sure where the DOJ is getting their estimate from. It's very possible that, you know, through the questionnaires that the jury pool is sent through the, you know, the kind of the mass selection process or deselection process that the judge engages in, maybe that streamlines a big part of it by kind of, you know, reducing or like immediately filtering out the people who are most blatantly, you know, either knowledgeable or biased or otherwise have their own preformed viewpoints about the case. And so the jury selection might just be focused on, you know, those individuals who have made it through those initial filtering processes. But that's speculation on my part. I honestly am not sure if it is a better part of the day that we could see opening statements as soon as, you know, next Wednesday, October 4th, which would be a pretty rapid start to the trial. And Coindesk did some work to try to suss out what it is that lower Manhattan New Yorkers might say if they were randomly picked for a jury. What did you discover there? Yeah, no, so Coindesk's Dylan and Victor went to Manhattan, downtown Manhattan to the financial district, and literally just went up to people and said, hey, we're with Coindesk. Have you heard of FTX? Have you heard of Sam Bankman -Fried? And a fairly large part of this group just hadn't heard about it. You know, they weren't familiar with it. They weren't comfortable talking about crypto. They weren't familiar with crypto. And of those who were, you know, I think they found a fairly even mix. There were some individuals who had heard about Bankman -Fried, some individuals who had only heard about crypto, some individuals who were very knowledgeable. They actually found a, you know, a Yahoo anchor who was the most knowledgeable about it naturally as, you know, order covering the financial space. But they also found people who were looking for jobs in crypto, people who were investors in the space. By and large, it seems to, you know, a lot of the people they spoke to just weren't interested or talking, interested in talking about crypto or in, you know, being part of this, being part of crypto. So if that is a representative sample of who we'll see next week at the jury pool, it'll be interesting because we'll see a large, potentially large, jury pool of people who aren't familiar with crypto. Again, on one of the biggest, you know, bang in on one of the biggest figures in the space. Recently, the defense proposed certain questions that it would ask the jurors and the government said that they felt these were quote unquote intrusive. What were some of the questions that were proposed and what was the government's response? Yeah. So, you know, the background here is both the DOJ and the defense team filed their proposed jury questions to help filter potential jurors. The defense team in particular had a number of questions about, you know, how these potential jurors felt about things like effective altruism, about political donations, about ADHD and people who have ADHD. And the DOJ response was really, you know, they felt that some of these questions, for example, about effective altruism and about political donations seemed kind of primed to, or designed to prime the potential jurors to think, oh, well, Bankman Fried was trying to do all of this in service of this effective altruism philosophy. Therefore, he was trying to raise money to donate to better the world or designed to try and prime the jury to think, okay, well, you know, political donations is fine. So these allegations about breaking the law in the way he tried to donate funds maybe is, you know, overreach or whatever. And in the intrusive part, you know, treating just kind of this question of ADHD and whether or not people were, you know, involved with individuals who had it or the DOJ just felt that these questions were really designed to try and shape how the jury would see Bankman Fried as opposed to just kind of gauge their existing biases. And so the DOJ opposed these questions and I think we're still waiting to see for sure if there's any public response on the judge prior to jury selection on Tuesday. All right. So in a moment, we're going to talk about different legal strategies that the defense might pursue. But first, a quick word from the sponsors who make this show possible. Arbitrum stands at the forefront of innovation as the premier suite of Layer 2 scaling solutions, bringing you lightning fast transactions at a fraction of the cost, all with security rooted on Ethereum. From DeFi to gaming, Arbitrum 1 plus Nova is home to over 500 projects. And with the recent launch of Orbit, Arbitrum welcomes you to build your very own tailor -made Layer 3 or an Orbit chain. Propel your project and community forward by visiting arbitrum .io today. Toku makes managing global token compensation and incentive awards simple. Are you designing your token compensation plan and grant templates with multiple law firms? Are you managing cliffs, vesting and taxable events in a spreadsheet? Are you distributing tokens to your team manually? With Toku, you get unmatched legal and tax tech support to grant and administer your global team's easy -to -use token grant award templates, vesting tracking via online dashboard, tax withholding integration with payroll, automated distributions, great employee experience. Make it simple with Toku. Learn more at toku .com. Looking to venture into the world of stablecoins? Explore the open -source stablecoin studio toolkit on Hedera. Whether you're building the next big thing in Web3 or an enterprise banking and payment provider, Stablecoin Studio simplifies stablecoin issuance and management, keeping you at the forefront of on -chain finance. With seamless integration into commercial custody providers and KYC services and built -in proof of reserve functionality, Stablecoin Studio streamlines development and time to market. Harness the power of stablecoins by visiting hedera .com slash unchained. Back to my conversation with Nick. Recently, the defense did propose a number of witnesses, but the judge denied most of them. Who were these proposed witnesses and why were they denied? Yeah, so the DOJ and defense both had a number of proposed expert witnesses. The defense in particular had a number of individuals that they said could speak to everything from the terms of service that FTX operated under to the FTX software to just rebutting certain DOJ witnesses. The judge basically said he agreed with the DOJ in rejecting all of these proposed witnesses. There were seven. He did allow the defense to call for four of them later on, but they have to meet certain requirements and fill out certain disclosure forms first. A big part of the judge's reasoning was the witnesses had just not adequately explained what they wanted to testify about or what they would say, and so they didn't have or he didn't have enough information to allow them to testify, which was functionally the DOJ's argument as well. That being said, some of these proposed witnesses are intended to act as rebuttal witnesses to DOJ's witnesses. I know we're saying the word witnesses a lot, but that's what it comes down to is four of these witnesses could come back and respond to, you know, either FTX intercircle members who are testifying on behalf of the DOJ. One of the potential witnesses that the defense can call forward is someone who can speak to the actual technical software underlying the, you know, FTX program, again, in response to DOJ witnesses. The judge did completely ban, for example, a British barrister who was supposed to explain the FTX terms of service as well as someone who was supposed to speak to kind of the crypto industry at large, saying that, you know, those witnesses and that proposed testimony seemed a bit too far afield from what the case would be about and could probably do more to confuse the jury than to clarify anything. And SPF's team also wanted to block a proposed government witness that was also denied. Who was that and why did the judge deny that motion? The DOJ proposed a University of Notre Dame professor to testify about some forensic analysis he did on FTX financials. The defense objected. They said that this witness would basically just reiterate the DOJ's claims, the allegations, but the DOJ argued that he was doing his own analysis of the data he had access to. And so it wouldn't just be stating the DOJ's claim. He would be providing his own expert insight based on his own work, you know, examining the databases that he had access to. And the judge agreed with that and said that based on what he'd saw and based on what the witness disclosure had provided, the witness was likely just speaking to his own expertise and looking at actual data as a third -party expert witness might do. And so those witnesses are allowed right now. We're still waiting on the full and final witness list, but we now know that there are probably at least a dozen witnesses that we're going to hear from over the next six weeks. And who are the ones that stick out to you on that list? I think the cooperating witnesses, so the FTX inner circle, that's former Alameda Research CEO Carolyn Ellison, former FTX director for engineering Nishat Singh and Gary Wang. I forget which one of them was the director of engineering. The other one was a fellow executive, but you know, these are the three individuals I think we're going to hear from probably first, maybe. Might hear from them as soon as next week, not certainly the week after. They're the ones who were in it, right? They were involved in this. They were part of FTX. They were part of the highs. I think we're going to probably hear from them, you know, how FTX might've fallen apart. I know from court filings, we know that DOJ wants to ask Carolyn Ellison about the FTT token and allegations that Sandbank and Freed was directly involved in trying to argue for Alameda to take a large sum of it and to potentially allegedly manipulate the price. So I think that testimony is going to be really interesting just because, again, it's the firsthand account of what happened. We're also probably going to see the defense try and discredit these witnesses to the extent possible, right? Straight out of the gate saying, well, you know, you weren't threatened with jail if you didn't testify in turn against your former boss. So I imagine we're just going to hear arguments like that from the defense during cross -examination, but either way, I think this is going to, you know, those are the three witnesses I think we're looking forward to most right now. And then once we're past that kind of initial surge of FTX insiders, that's when we'll get to kind of more, I don't because I don't think that is the right word for it, but, you know, people who are looking at it from kind of the, you know, again, forensic analysis perspective, people who are going to be able to kind of dig through and say, all right, well, you know, we've looked through the smoking remains and here's what we found. And I think that will also be interesting because it'll be really a third -party perspective on, you know, here's how this thing was set up and here's where things may have gone wrong or here's where things may have fallen apart. And getting a third -party perspective on that I think is going to be really fascinating because there'll be, I assume, a bit more objective about it than, you know, people who built it and worked on it maybe could be. One other kind of motion that happened this week that was pretty interesting or development, I should say, is that the judge did allow SPF's team to ask some of the witnesses about their drug use. What do you think will be the significance of that line of questioning? I think that goes back to, you know, a witness, cooperating FTX inner circle member saying, while we were at FTX, Sam directed us to manipulate FTT, whatever, you know, just speculating what someone could say. And the defense comes back and says, well, you know, are you sure that's what he said? Were you high at the time of these conversations or were you engaged in recreational drug use during the time you were running this company? You know, if I'm a member of the jury and I hear, okay, well, everyone was partying and on drugs and doing weird stuff or, you know, potentially, you know, in an altered state of mind, that might shape how I view the, you know, the defendant, the verdict, the whole case. So the judge did say that prior to making those, you know, kind of questions, the defense has to notify the prosecution and the judge about it. So it's not going to be a case of like they'll blindside the witnesses about this, but I imagine that's going to kind of go back to this effort to try and say like, okay, you know, Bankman Fried wasn't doing something wrong on his own or intentionally, it's just that things fell apart, but they were well -intentioned. The defense is going to attempt to, I think, pin some of the blame on legal advice that Bankman Fried received. How effective do you think that argument will be at trial? That's a really hard question to answer. I think the problem that the defense has is there's really no denying that FTX fell apart and it fell apart in like a very dramatic fashion, right? The day it filed for bankruptcy that evening, what, a couple hundred million dollars or tens of millions of dollars worth of crypto was stolen, I think. I forgot the exact amount, but you know, it was a pretty dramatic way to cap off what was already a chaotic week. So the problem the defense has is they can't say, well, FTX is fine. And so they're leaning on this advice of counsel defense. Their argument is going to be, you know, Bankman Fried was well -intentioned. He told his lawyers everything he wanted to do, and he did everything they told him to do. And so because it all fell apart, you can't really pin that on Bankman Fried. You have to look at the advice he was given and the information he was acting on. And so I guess part of the problem that the defense might have here is did they share or did Bankman Fried share everything he wanted to do with his attorneys? Did the attorneys have all the information and did he do exactly everything the way his attorneys told him to? And I don't know, you know, I'm sure we'll see answers to those questions over the next, you know, six weeks or so, but that seems to be kind of how that might play out. And it's going to be an interesting argument for sure. But again, I think it goes down to the central problem of FTX for sure collapsed and how you respond to that. One other issue is that the judge did rule that the prosecution could mention SPF's political donations. And there are charges specifically related to that that will be tried in a separate trial next year. So why were those allowed in this case? So this is where we get into what has become one of the new fun parts of being a court reporter in this case is Bahamas extradition treaties. So the original indictment that Bankman Fried was charged with back in December of 2022 did include campaign finance violations as one of the charges. But because it did not appear in the charging document that the Bahamas Police Department had, there's a Bahamas National Police, something like that, Bankman Fried's defense team successfully argued that they could not bring that charge right now because he had agreed to be extradited on the first seven charges, which were wire fraud and conspiracy to commit wire fraud and conspiracy to commit securities and bodies fraud, et cetera. So what it seems like is going to happen is the prosecution is going to try and fold all of that into all the political donation stuff into the other charges, into the wire fraud charges, and say, well, you know, we have the evidence, we have the allegations, and here's what you have to look at what that means for the next trial. And, you know, you're absolutely correct. There is another trial currently tentatively scheduled for either March or April 2024, next spring, either way, where we will be going through all of this again. But a lot of that is dependent on the Bahamas. And yeah, we could probably talk about that for another hour if you wanted to. All right. Well, we'll leave that for another episode. But one thing I did want to ask about is earlier in this interview, you said that his sentence was likely to be in the range of 10 to 20 years. And obviously, you know, there's many charges and we don't know which ones he'll be found guilty of and which ones he won't. But how are you coming up with that estimate? So yeah, I should definitely be more precise there. So I personally am not a lawyer or an expert in this. I have spoken to a number of lawyers about this. And what they said is, if you have a defendant who is found guilty, so these assumption here is that he is convicted on at least one of these charges. But if he's found guilty on even several of the charges, because all of the conduct is similar, because it's all kind of identical conduct at the core, a judge, when making a sentencing determination, will basically fold all the charges into each other, right? All the conduct. And so even though each of these charges, if you look at the DOJ, press release says, oh, it contains a maximum sentence of 20 years or five years, whatever. It's not going to be consecutive. It'll be concurrent. So the estimate I'm getting from various attorneys that I've spoken to over the past few weeks is probably be somewhere in the, you know, 10 to 20 year range. Some estimates came down as low as five years, some as many as 36 years. But they all seem to base that on just kind of the allegations, the charges themselves combined with the amount of money allegedly lost, which is more than 50 million, combined with the severity and all of that. Yeah. And so 50 million is sort of like some thresholds because I think it goes in levels of severity. Yeah. And the higher the number goes, the longer the sentence. However, that's the largest threshold, obviously. Yeah. I literally looked up the federal sentencing guidelines, which by the way, is a very confusing document. I did not understand it. So I asked someone else to explain it to me, but yeah, it's the different thresholds that you mentioned. And it starts with the, I think the thousands range and then just kind of escalates up and 50 million seems to have been the uppermost that they had. So it's 50 million plus. I think the allegation is something like 10 billion loss from FTX. So 10 billions, a hair more than 50 million. Just as many multiples. So that will probably be kind of the way they calculate it, probably. And again, this is dependent on if he's convicted on one or more charges and all sorts of stuff. Yeah. Okay. Well, we will have to see how all that plays out. Thank you so much for explaining all of this on Unchained. Thanks for having me again. Always great to talk to you. Yes. Same here. Don't forget next up is the weekly news recap today presented by veteran crypto reporter and Columbia University night budget fellow, Michael Del Castillo. Stick around for this week in crypto after this short break. Join over 80 million people using crypto .com. One of the easiest places to buy, trade and spend over 250 cryptocurrencies.
WTOP 24 Hour News
Fresh update on "nova" discussed on WTOP 24 Hour News
"Particularly on OWTOP news. In the Congressman meantime, Cuellar was on Fox News host Jesse Watters' show tonight. The Texas Democrat says three armed men pointed guns at him in DC, and he made the conscious decision not to try to fight back in any way. I do have a building black in karate, but I quickly assess the situation. You got to stay calm because they like look three young individuals. And I decided to say, just take the car. We were able to track the car and my phone, and within an hour and a half, they got everything back. Cuellar says crime in DC right now, in his opinion, is worse than in some areas near the southern border. Two men in Maryland, including a Department of Defense worker accused of taking part in dog fighting in a dog fighting ring in Anne Arundel County. Sixty -two -year -old Frederick Moorefield Jr. of Arnold has with worked the Pentagon's communications staff and on that staff since March of 2020, according to his LinkedIn page. He and 49 -year -old Mario Fleith of Glen Burnie are facing a federal charge of promoting and furthering animal fighting ventures. Prosecutors say the men used an encrypted messaging app to talk with people around the country about dog fighting, and then police found a number of pit bull -type dogs at a home in Arnold last month. If convicted, both men could face up to five years behind bars. In other news tonight, DC did it. Montgomery County is moving that way. Now Prince George's County is looking at raising wages for people who work for tips that would include people who serve your food and bartenders. Prince George's County Councilman Ed Burrow says if you're waiting tables, it's impossible to raise a family with this economy on that amount, hoping for tips. He's leading an effort bring to those who normally work off of tips to a $13 per hour minimum wage. Right now, the bill calls for it to phased be in over five years, but it's likely to change to three. When you work with any other industry, you what pay in part covers the salary of the people that work there, and so this would be no different than that. Lawmakers should just reject this proposal. Melvin Thompson's with the Restaurant Association of Maryland. This will significantly increase the labor costs for restaurants. This will increase the cost to customers. In Largo, John Dome in WTOP News. What is in store for the future of Gallery Place in Chinatown? That story ahead here on WTOP, now 1107. Adventist Healthcare Fort Washington Medical Center is re -imagining healthcare in southwestern Prince George's County with primary care and advanced medical services patients for with diabetes, heart illnesses, and other conditions affecting our community. Our top -rated specialty physicians provide world -class medical care close to home in our thriving community. And now, same -day procedures are available at our Surgery Center at National Harbor. Our team is dedicated to the health and well -being of our community. Learn more at AdventistFWMC .com. Are you afraid of the dentist missing broken or painful teeth? Do you have a loved one who has special needs? Discover Nova Dental Anesthesia, Virginia's premier implant and sedation center. Our experienced dream team and cutting -edge dental tech
Bankless
A highlight from Synthetix: A New Hope with Kain Warwick
"Welcome to Bankless, where we explore the frontier of internet money and internet finance. And today on Bankless, we are exploring the frontier of the multi -chain Ethereum roadmap. The Rollup -centric roadmap has always been about producing many, many new layer 2s, each of their own flavor, construction, and type, in pursuit of allowing diversity of chains to all exist under the same ecosystem that we call Ethereum. Synthetix, an application, has been leading the charge into exploring what does this mean for the application layer of Ethereum. And today on the show, we're bringing in Kane Warwick, actually inside of my apartment. This is an in -person conversation, so you'll be able to pick up on the speed and lack of latency there is between me and Kane, I would say. He was in New York for Mainnet, and so we wanted to do a show about his recent blog post that he wrote called Synthetix, A New Hope, about the next stage for synthetics in this multi -layer 2 ecosystem, and how he is thinking about some of the complexities and challenges that the Ethereum Rollup -centric roadmap presents for the application. Like I said, since he was in town for Mainnet, I was like, Kane, just come on over and we'll do the conversation in person. So that was pretty fun. It's always nice to have in -person conversations. I don't do them as much, even though I have the setup ready to go. Anytime there is a conference in New York, however, I will try and get one done. So in this episode, you're going to watch us navigate the complexities, the challenges of Ethereum's Rollup -centric roadmap as it relates to applications that desire to exist across multiple layer 2s, across multiple chains. Depending on the layer 2 application, the application construction itself, different challenges can arise in various levels of complexity. Kane and I walked through the three different levels of cross -chain complexity that an application can have that is determined by what that application is trying to do. For example, just mere independent instances like Uniswap deployments across chains is the easiest way to navigate the multi -chain world. It doesn't really matter if different Uniswap instances are deployed across chain, but as soon as there's unified governance, all of a sudden there is complexity because we need to start to weave these chains together. And then there's the next phase, the synthetics phase, which is not just unified governance, but unified liquidity and unified state. Synthetics has always been at the frontier of navigating the hard problems in Ethereum. After Unipig, the Uniswap demo on Optimism's Optimistic Rollup, the first Optimistic Rollup that had a live in production demo of an application, we called it Unipig back then, synthetics was the number two. And so they have always been pushing the frontier of what is possible in the world of crypto. And now Kane is leading the charge into doing the same thing once again with synthetics and the multi -chain ecosystem. So if you are curious about the super chain idea for Optimism or just simply the shared state of layer twos, they're re -composing all the fractured composability of layer twos, this conversation is for you. And it's also just a fun conversation. Kane is a great conversationalist and he's of course wicked smart. So let's go ahead and get right into that conversation with Kane Warwick of synthetics. But first, a moment to talk about some of these fantastic sponsors that make this show possible, especially Kraken, our preferred exchange for crypto in 2023. If you do not have an account with Kraken, consider clicking the link in the show notes to sign up with Kraken today. Kraken Pro has easily become the best crypto trading platform in the industry. The place I use to check the charts and the crypto prices, even when I'm not looking to place a trade. On Kraken Pro, you'll have access to advanced charting tools, real time market data and lightning fast trade execution, all inside their spiffy new modular interface. Kraken's new customizable modular layout lets you tailor your trading experience to suit your needs. Pick and choose your favorite modules and place them anywhere you want in your screen. With Kraken Pro, you have that power. Whether you are a seasoned pro or just starting out, join thousands of traders who trust Kraken Pro for their crypto trading needs. Visit pro .kraken .com to get started today. Mantle, formerly known as Bitdao, is the first Dow led web three ecosystem, all built on top of Mantle's first core product, the Mantle network, a brand new high performance Ethereum layer two built using the OP stack, but uses Eigen layers data availability solution instead of the expensive Ethereum layer one. Not only does this reduce Mantle network's gas fees by 80%, but it also reduces gas fee volatility, providing a more stable foundation for Mantle's applications. The Mantle treasury is one of the biggest Dow owned treasuries, which is seeding an ecosystem of projects from all around the web three space for Mantle. Mantle already has sub communities from around web three onboarded like game seven for web three gaming and by bit for TVL and liquidity and on -ramps. So if you want to build on the Mantle network, Mantle is offering a grants program that provides milestone based funding to promising projects that help expand, secure and decentralize Mantle. If you want to get started working with the first Dow led layer two ecosystem, check out mantle at mantle .xyz and follow them on Twitter at zero X mantle. Arbitrum is accelerating the web three landscape with a suite of secure Ethereum scaling solutions. Hundreds of projects have already deployed on Arbitrum one with flourishing DeFi and NFT ecosystems. Arbitrum Nova is quickly becoming a web three gaming hub and social dapps like Reddit are also calling Arbitrum home. And now Arbitrum Orbit allows you to use Arbitrum secure scaling technology to build your own layer three, giving you access to interoperable customizable permissions with dedicated throughput. Whether you are a developer, enterprise or user, Arbitrum Orbit lets you take your project to new heights. All of these technologies leverage the security and decentralization of Ethereum and provide a builder experience that's intuitive, familiar and fully EVM compatible, faster transaction speeds and significantly lower gas fees. So visit arbitrum .io where you can join the community, dive into the developer docs, bridge your assets and start building your first app with Arbitrum. Experience web three development the way it was always meant to be secure, fast, cheap and friction free. Big List Nation, we are here in person in my apartment here in Brooklyn with Kane Warwick, the co -founder of Infinex, semi -benevolent dictator of synthetics, house collector and possibly, possibly the best hair in Ethereum. Kane, welcome to my apartment. Yeah, thanks for having me. I was hanging out downstairs for a little while. I couldn't figure out what channel to get you on. So yeah, just like the problem that we're going to discuss in this episode, how you reach me, Telegram, Discord, email, Twitter, text. We need some kind of aggregator. Yeah, we need one single shared way of getting in contact with each other. And you're in town in New York here for Mainnet. How's that been going? Yeah, it's been good.
Bankless
Fresh update on "nova" discussed on Bankless
"What else would you say about citizenship, David? What are the benefits of a bankless citizenship? Yeah, I bet a lot of people are listening to this podcast on their podcast player, that premium RSS feed, the ad free RSS feed also goes there. So Ryan's showing it on his screen, but most people just listen to the ad free RSS feed natively in their podcast player. That is a link that you get only as a citizen. And just all of these perks and things in the bankless app that we've put together is really just meant to be the toolkit to help you live a bankless life, to help you navigate the world of crypto, navigate away from the traps and just do it in a much easier way. So it's supposed to be a much more fluid way to live in the world of crypto. I was muted there, but absolutely. One of my favorite parts, too, is the bankless community that you get to join when you become a citizen and meet everybody on Discord and participate in our live events, all of these. I've got my own channel inside of Discord. It's called Ask David Anything, where you are allowed to ask me anything. I will answer them. Anything. Anything. That's a daily show, my friend. I actually prefer the non-crypto questions. Yeah, there's a link in the show notes if you guys want to check that out. David, going to this episode, I have just one overarching question for you before we bring on David here and introduce him to the bankless nation, which is why does macro matter? So there are many people in crypto who I know just don't pay attention to macro at all. That's a superfluous thing. It's not relevant to crypto markets. Would you make that argument? Or why are we even doing a show on macro in general? We must think it's important. Why? Yeah, certainly. Well, what finance is is a big, gigantic mesh network of interconnected variables. And so a story of crypto growing up is becoming a relevant macro player. Bond yields, as we've known in 2022 and 2023, does impact the valuation of our assets. The macro conversation is the regulatory conversation, which is the Bitcoin ETF conversation. And so all these variables are worth considering when we make informed investments about the future. Yeah, I agree. I also think that understanding macro helps you understand crypto better in the same way that understanding crypto helps you understand macro better. We are, of course, creating a new financial system, and we should learn lessons from the old one if we're going to move past it and build a better financial system. So guys, we'll be right back with our conversation on whatever happened to the recession. But before we do, we want to thank the sponsors that made this episode possible, including our friends over at Kraken. Kraken is our number one recommended exchange for 2023. Go create an account. you have that power. Whether you are a seasoned pro or just starting out, join thousands of traders who trust Kraken Pro for their crypto trading needs. Visit pro.kraken.com to get started today. Arbitrum is accelerating the Web3 landscape with a suite of secure Ethereum scaling solutions. Hundreds of projects have already deployed on Arbitrum One with flourishing DeFi and NFT ecosystems. Arbitrum Nova is quickly becoming a Web3 gaming hub, and social dapps like Reddit are also calling Arbitrum home. And now, Arbitrum Orbit allows you to use Arbitrum's secure scaling technology to build your own layer 3, giving you access to interoperable, customizable permissions with dedicated throughput. Whether you are a developer, enterprise, or user, Arbitrum Orbit lets you take your project to new heights. All of these technologies leverage the security and decentralization of Ethereum and provide a builder experience that's intuitive, familiar, and fully EVM compatible. Faster transaction speeds and significantly lower gas fees. So visit arbitrum.io where you can join the community, dive into the developer docs, bridge your assets, and start building your first app with Arbitrum. Experience Web3 development the way it was always meant to be. Secure, fast, cheap, and friction free. Hiring people worldwide, paying them in crypto, providing them access to benefits, it all so complex. But it doesn't have to be. Complying with labor laws, payroll rules, tax obligations, and crypto regulations in every country that you employ someone is difficult, time consuming, manual, and costly. And it's drawing more and more attention from regulators and governments. But there is good news. Toku is here. Toku is the first employment and compensation platform for the crypto industry that makes this easy. Toku helps you hire employees or contractors and pay them in fiat or crypto legally, compliantly, and with all the taxes handled in over 100 different jurisdictions. So whether you're an early stage company with just a team of two, or you're an enterprise with 200, Toku has a solution that meets your needs. Toku is already working with the leading companies in the space, Protocol Labs, Hedera, Gitcoin, and many more. So transform your employment and token payroll operations with Toku. You can reach out to Toku at toku.com slash bankless or click the link in the show notes.
Milk Crates and Turntables. A Music Discussion Podcast
A highlight from Ep.118 - Rewind to 1967: The Year That Changed Music Forever
"Well here we are episode 118 I think I think I forgot to list a few this might be like episode 120 or 121 I don't know I guess that's a good thing when you do so many you lose count anyway on this episode we're gonna be talking about the year in music 1967 and as usual I have the wrecking two in the house Mark Smith and Lou Colicchio of the music relish show very interesting yeah a lot happened sit back relax it's gonna be another two and a half hour podcast but we love it enjoy the show the KLFB studio presents milk rate and turntables a music discussion podcast hosted by Scott McLean now let's talk music enjoy the show yes let's talk music thank you Amanda for that wonderful introduction as usual welcome back my friends to the show that never ends welcome to the podcast you know the name I'm not gonna say it was streaming live right now over Facebook YouTube X formerly known as Twitter twitch D live and again I always I don't know how many other things and this podcast will be heard on every podcast platform yeah yeah 1967 so it was quite a year think you're in for a little little ride tonight yeah and you know who wasn't born in night oh he was three in 1967 marksmen from the music relish show good evening I was two years from being on this earth so you weren't even really thought of no you thought of it 67 think of that think of that yeah you weren't even thought of you weren't even like a sparkle in as they say in your father's eye there might have been the beginning of a sparkle who knows so let me see I'm looking at my is my screen still fuzzy on my end but I'm not even seeing it on YouTube right now I'm seeing it's live but I just got the image of the vinyl really yeah what the hell wait wait wait wait yeah no it's on it's on I see it I see it but my screen looks fuzzy right yeah that's how I'm seeing you from my end yeah what the hell let me check something here hold on okay let's do a little in show my you know that smooth little March of colors next to you when you open up the show yeah happy it's all like gone really weird I'm looking at this right let's go back to this see what happens I'm supposed to be in 1080 and I'm looking at it right now now you're sharp you just got sharp it goes back and forth it's a strange see like hearing yourself huh I guess I don't know what do a refresh here I'm playing it right Tom Benwald says it looks good patty says it's blurry that was in the beginning and it looks like it's sharp now so it goes back and forth you're starting to get blurry again it's strange got any storms down there no this this would this will drive me crazy now this is it's not supposed to be like this come on it's like a Grateful Dead show warts and all rice we're talking about 1967 there's no digital so it was still waiting for Luda come on so you know I'm going to do I hate doing this but I'm going to do it to you buddy what's that no don't cut me I'm not cutting you I'm gonna I'm gonna hit a refresh which might take me off the screen so the show is yours for about I don't know 60 seconds let's see what happens here let's see reload I'm gonna reload it so I'm going off the screen I guess it's time to advertise the music roll show with my friend Perry and my friend Lou we discuss opera we have fun how am I now you look better look yeah yeah looks better yep and I just advertised my podcast is that the opera I'll pay you I'll give you the money later on then I lose my this is like okay here we go you look better though all right good yeah good you know me I the technical stuff drives me crazy especially you know it's not only sound it has to be oh it's this is a live stream so it has to look yeah good and you don't want to drop out in the middle of the show no like me and Lou do once in a while race right let's see is the chat working let's see now I'm not seeing any I'm not seeing any comments so let me try this well sorry for the podcast listeners but I gotta get this shit right hey it's okay I should be seeing I should be seeing comments because people have already made three comments you over here maybe they're bored and they don't want to comment anymore no it's there it should be showing up on my screen over here right we know that my boss you busting balls only Bono does that let's see public so it should be getting huh this is crazy seven minutes in and I'm here we haven't done anything yet let me see send comment test I just sent a text to message I see I see you as I see mine okay good we're good we're good let me switch over to my other account and do the same thing I just want to make sure yes just our audience is bored they don't want to comment actually this is all Lou's fault yeah yeah always the you know I would probably lost the other comments is because I rebooted so hmm all right well you know what we're gonna start without Lou right as I say that as I say that does he have what does he what do you let's get the full screen nose is that why you were late you had to clean your nose and he's back in Paris again you brown nose er I've been a bad dog my laptop and he's back in pair you left here in Paris you must have left it back in the United States I did I left on the plane how you doing Lou I'm doing alright how are you guys doing well I just had a little technical difficulty and we blamed you because you weren't here so you left me alone and I had to talk opera with myself talked opera yeah rigoletto did you talk about rigoletto this time I'm just really boring you know I'm like all right this is why this is a two and a half hour podcast some of us have to work tomorrow all right here we go let's jump right into 1967 musical events in 1967 and the year kicks off right away with a bomb a bomb on January 4th the doors release can arguably one of the greatest debut records ever arguably if you had a top 25 greatest debut that albums would have to be in the top 10 it would have to be yeah you know if you had a top 50 that would have to be in the top 10 right even if you don't like them you have to say that was so ahead of its time oh it's so different nothing out there was like the needle and all you hear it kicks I mean fucking what a way to start an album it's a heavy song it with a bossa nova beat yeah I mean that's pretty clever yeah 67 so you know bossa nova was pretty hip again John Densmore over underrated underrated underappreciated I think you are you are so correct you know never gets the the the consideration that I I don't know you can't put him in greatest of all time but could he be okay if there's a top there's a top 25 drummer top 25 drummers is he in it good question and in rock we'll just say in rock I think he could be I could see him making so I don't know if he's a universal pick but I could see him on some list I mean he's something you'd have to think about like you said like it doesn't get noticed so much you know yeah yeah or it I mean although his drumming wasn't shy I mean he's jazzy as hell I heard um writers on the storm yesterday and his adjustment playing is great in his adjustments during the shows just for that yeah yeah the unpredictability of you know how the how the song was gonna go right because they could rehearse it all they want once Morrison got into that zone well in the drama keeps the beat right yeah yeah the drummer has to stay up with that yeah and played to the clown so to speak right you know and my my problem is if some of the clowns don't have the beat you know at one point they've got to give in like I said Morrison or even Dylan they'll set the tone but they've got to be steady themselves you know it's yeah otherwise it's just erratic but you know yeah guy like Dan's more I mean I had skill I had a lot of a lot of technical ability right feel yes cool so obviously his drums always sounded good yeah on the earlier on the other records even you know three years worth of music whatever I guess I would be who produced some Jack Holtzman was the producer did a good job Jekyll or now wait so no what was it Paul Rothchild yes yes yes I'm sorry Holtzman was he on the record company yeah yeah was that it was that chrysalis or chrysalis I think or just like yes that's a lecture a lecture weren't they on chrysalis though also I thought they were yeah maybe maybe chrysalis was a subsidiary but uh yeah Jack Holtzman's son is Adam Holtzman he's a keyboardist right now he plays with here we go Stephen Wilson but he does a little blog on Facebook and he talks about growing up and he was like six years old and his father brought him to a club to see the tour Wow at six years old he just talks about like yeah it's a great little blog Wow all right and four days later on January 8th Elvis Presley turned 32 on January 14th the human be in right the human be e -i -n human being takes place in San Francisco's Golden Gate Park polo fields with spoken words from Timothy Leary Allen Ginsberg Gary Snyder in others live music was provided by Jefferson Airplane the Grateful Dead Big Brother in the holding company and Quicksilver Messenger Service speeches from Jerry Rubin and others were also given at the event although it's one band there I liked yeah Quicksilver Messenger Service who was it on January 15th 1967 who is your favorite poet of all them I know you're not asking me Arthur Rimbaud who influenced Jim Morrison good answer good answer way to bring that first opening segment rough full circle we're getting better Scott we're good now you guys get a lot of good trust me I'm getting a lot of good feedback so let's keep it at that I don't want you son ask for more money and on January 15th 1967 the Rolling Stones appear on the Ed Sullivan show at Ed Sullivan's request finish it he asked them to let's spend sing let's spend some time together is that the one there you go yeah and then he told him a really big shoe I hate to do this I mean I come back on penalty box I don't say just he beat my record okay look he just got on the show after late and these are either he's stuck he's frozen put the dog nose back on where'd it go are you throw it at the camera like your headphones on January 16th 1967 the monkeys begin work on headquarters the first album to give them complete artistic and technical control over their material and it was fucking horrible fucking horrible what were they thinking they know they were thinking the egos got too big they thought they were the music well the argument can be made that you know Mike Nesmith did write different drum yeah so he could write songs but I don't think he was a pop songwriter you know headquarters and they try to be all fucking like 60 ish and shit they weren't looking for pop were they they're trying to be like more psychedelic yeah I think so there were their channel on the Beatles with those quirky little yeah with anti -grizzelles on that I don't know some weird shit I'll tell you what though I don't care about it myself but it was surely a harpsichord on it because that's what all those records had they had to have a harpsichord and I have the book this the 100 best -selling records of the 60s the monkeys got a they've had quite a few albums on there oh they do yeah they were they were but I mean I thought it was just a condensed period of the show which it probably was but it's still I mean they've got I mean most of their albums sold really well yeah yeah ah you like the show what's it is like the show I did I still like it I still love it I love that that that's so that humor is great like dumbed down brilliantly done though humor yeah way was what they were supposed to act like that yeah you know what I mean there was no like these guys are bad actors they knew exactly how to do that they pulled it off great it was campy it was great for its time it's still great to watch now yeah I do think that banana splits were a better band yeah that's I'll give you the banana splits were a kick -ass band yeah yeah kick -ass man did you see the movie recently came out it's a horror movie with the banana splits the banana splits movie it's a horror movie yeah yeah it takes place in an amusement park and they're they're robotic and in Dyson and slicing baby Dyson and slicing I have to say oh man that's yeah okay yeah Dyson and slicing it's good it's kids again campy movie but I couldn't not watch it yeah I have to say I'm sure Fleagle is a total psychopath well I'm not gonna give you any and no no no spoilers here those was it just Dyson and slicing on January 17 1967 the daily mail newspaper reports four thousand potholes in Blackburn Lancashire and Guinness air Tara Brown is killed in a car wreck these articles inspire lyrics for a day in the life a day in the life yes on January 22nd 1967 Simon and Garfunkel give live can't give a live concert at Phil harmonic Phil harmonic call in New York City some of this concert is released on October 4th 1997 on their box set old friends but most is not released until July 2002 that's some more okay January 29th mantra rock dance the quote ultimate high of the hippie era is organized at the Avalon Ballroom in San Francisco featuring Janis Joplin grateful dead big brother in the holding company for three Moby grape quirky that would've been interesting that's the best man that's the best as though for they're almost like the MC five kind of I think they were just kind of but they're they're a San Francisco band and beat poet once again Allen Ginsberg shows up to do his spoken word I heard he was a member of NAMBLA I wouldn't the National Association of Marlon Brando look -alikes I heard I'd someone I remember he actually he was a sponsor of NAMBLA but anyway on January 30th 1967 the Beatles shoot a promotional film for the forthcoming single strawberry fields forever at Noel Park in Seven Oaks have you seen it I have seen it I haven't seen it in a long time it's really cool yeah yeah it's kind of dark speaking of dark on February 3rd 1967 UK record producer Joe Meek murders is it his landlady and then commits suicide by shooting himself in the head in Holloway North in London it's kind of dark didn't he produce sleepwalk yes letter Telstar some early we talked we did it bit of a genius really yeah let's see February 7th Mickey Dolan's no let me stop February 6th Mike Nesmith and Mickey Dolan's of the monkeys fly into London Dolan sees till death do us part on British TV and uses the term Randy's scouse grit from the program for the title of the monkeys next single release Randy's scouse grit not releasing it is an offensive term Britain's British census forced the title to be changed to alternate title and then the next day Mickey Dolan's meets Paul McCartney at his home in st.
The Hair Radio Show with Kerry Hines
Fresh update on "nova" discussed on The Hair Radio Show with Kerry Hines
"And now we're ready for the good, the bad, and the ugly of the last four centuries. And even when we get into slavery and the slave trade, we discuss, we have a whole section just about slave rebellions. We talk about the trickery used, and we have actual stories of how people were tricked into coming on the ship or to be kidnapped to get on the ship. So it's just, we wanted to give a whole different view about this that is not normally given, at least that we could find. And then there's a gentle timeline that takes us all the way through to the struggle for civil rights. We then, once we have included that, then we get into the whole area of the economic system. We talk about arts, entertainment. We have a section on sports, black quarterbacks, the integration of the NBA. And then we have a whole section on 50 states, and it's where we provide some insights into black history in each state. So whatever state a listener is from, there will be some specific just showcasing of what has happened in their particular state. Then the final unit is all about the North Star. It's over 100 pages, where we have a timeline from 1491 on that describes all that happened, our interaction between the United States and Canada. And then we tell stories, we share stories from mid-1800s from a book called Refugees. That gentleman by the name of Benjamin Drew went north, and he interviewed a lot of people. And then he put 114 stories, their life stories, into the book. And so in our textbook, we start in Vancouver all the way over to Halifax, Nova Scotia, and everything in between, the dawn settlement with Josiah Henson, and so on and so forth. So it's really a wonderful way to show how people from the South, who many suffered from Stockholm syndrome, many just the whole, how do I deal with, how does a person leave not knowing where they're going to be going and if they're going to get caught and maybe get killed or get chastised in horrific ways. And then the fugitive slave laws pushing them into Canada. So Walter and I have put together a book that the response we've been getting from around the country has truly been heartwarming. And we are very grateful to be the instruments used to be able to help put this together. And of course, as we've expanded, after the writing was done, our wives are very much a part of this project. And we are grateful to them. And also, then more people came on that helped with curriculum design, with search engine optimization, media relations, professional development, and many other aspects that helped to now have a team of over 75 people that have helped to bring this to bear. Well, I'm going to say I think you have at least 76. I'm on board too. Make sure and add me on in to that list. I saw that extensive, quite extensive list on your site. I was at bh365.org. I was quite impressed. Listen, I want to make sure I get the title right. I think I just introduced it as Black History, but it's actually Black History 365, an inclusive account of American history. Is that correct? Yes. We landed on 365 because many times people view Black History Month as the main time to talk about black history. But we decided that this is something that is an inclusive account of American history. In fact, that's the subtitle.
Bankless
A highlight from SVM on Ethereum?! Bullish or Bearish $SOL? with Neel Somani, Founder, Eclipse
"Solana on Ethereum? That is the question we explore on today's episode with a new product release as well. This is an opportunity to pick into a topic we haven't yet touched on on Ethereum, which is a virtual machine that Solana has called the SVM. That's the Solana virtual machine. Proponents have said for a long time that it's much better than the Ethereum EVM multi -threaded execution, lots of bells and whistles that Ethereum doesn't have. Now on today's episode, we're finding out that it is coming to Ethereum in the form of a layer 2. The Eclipse Mainnet is what it's called. That is the layer 2 that is launching today with the SVM embedded. Eclipse is not only a new layer 2 on the scene, but it's an entire framework similar to the Optimism Superchain network as well. This poses a lot of interesting questions as you might imagine that we're going to dig into today, including who wins? Is this a W for Ethereum? Is this an L for Solana or maybe the reverse? What does this mean for the future of our industry? A lot to unpack on today's episode. I would even say that a lot of Ethereum people will say that the SVM is a fantastic piece of technology and it is better than the EVM, especially when it comes to the things that virtual machines do, which is execution. There are some massive questions that this brings to the table and I'm about to ask them. But first, I want to talk about our friends and sponsors over at Layer Zero who have a brand new announcement on the scene. This came out of Permissionless. Google Cloud and Layer Zero are partnering together to help thread together 15 different chains across the Web3 ecosystem. So what does Layer Zero do? It passes messages across from chain to chain. What does Google Cloud do? Well, it is the service provider, the Oracle that does that message passing. It is the default Oracle for Layer Zero. But if you don't want Google, you are free to also pick your own Oracle. You could just like Google, how Google is the default search browser for many browsers, Google is the default Oracle for Layer Zero. There's a link in the show notes if you want to find out more, layer0 .network. And so that is a call to action there. There's a link in the show notes. There are some big questions on today's episodes. And so we have the founder of the Eclipse Layer 2. His name is Neil Samani. And he's going to be jumping on the podcast in a minute here. But David, we're going to be unpacking four different protocols. All right. So it's not just Ethereum and Solana. There are a few others as well that are woven into this Layer 2. So what are listeners in for? What are the big questions to prepare us? Yeah, the question doesn't stop at is this Ethereum versus Solana, Ethereum or Solana? Celestia and risk zero are also relevant here. And I think one of the questions is like the big question, if we are investors in this space trying to invest in the future, we want to ask the question, who wins? What are these components doing together? And does some of these components win more than others? What does it mean to win? Or am I just using this lens of winning versus losing because that's my lens for all blockchain systems? And is that even the right lens? So the first question I think we're going to get at is does the Solana VM as an Ethereum Layer 2, is that a bigger win for Ether than it is for Sol? The Solana fanboys in my mentions are convinced that this is the Ethereum protocol moving closer to Solana. But the Layer 2 centric take is that all good execution tech will eventually settle on Ethereum liquidity and security. But then what the hell does Celestia have to do with this equation? And what's risk zero doing there? So this is not just a question about like the tug of war between these two cooperating competing protocols, but what does this mean for the modular thesis at large? So some very big questions. And I think I listened to Neil Samani over at the Modular Summit back in ECC and some of his talks around this base, and I think he's got some of the answers. So we're going to ask all of these questions to Neil here in a second. But first, a moment to talk about some of these fantastic sponsors that make this show possible, especially Kraken, our preferred exchange for crypto in 2023. If you've not had an account with Kraken, consider clicking the link in the show notes to check them out right now. Kraken Pro has easily become the best crypto trading platform in the industry, the place I use to check the charts and the crypto prices, even when I'm not looking to place a trade. On Kraken Pro, you'll have access to advanced charting tools, real time market data, and lightning fast trade execution all inside their spiffy new modular interface. Kraken's new customizable modular layout lets you tailor your trading experience to suit your needs. Pick and choose your favorite modules and place them anywhere you want in your screen. With Kraken Pro, you have that power. Whether you are a seasoned pro or just starting out, join thousands of traders who trust Kraken Pro for their crypto trading needs. Visit pro .kraken .com to get started today. Mantle, formerly known as BitDAO, is the first DAO -led Web3 ecosystem, all built on top of Mantle's first core product, the Mantle network, a brand new high -performance Ethereum layer 2 built using the OP stack, but uses Eigenlayers data availability solution instead of the expensive Ethereum layer 1. Not only does this reduce Mantle network's gas fees by 80%, but it also reduces gas fee volatility, providing a more stable foundation for Mantle's applications. The Mantle treasury is one of the biggest DAO -owned treasuries, which is seeding an ecosystem of projects from all around the Web3 space for Mantle. Mantle already has sub -communities from around Web3 onboarded, like Game7 for Web3 gaming and Bybit for TVL and liquidity and on -ramps. So, if you want to build on the Mantle network, Mantle is offering a grants program that provides milestone -based funding to promising projects that help expand, secure, and decentralize Mantle. If you want to get started working with the first DAO -led layer 2 ecosystem, check out Mantle at mantle .xyz and follow them on Twitter at 0xmantle. Arbitrum is accelerating the Web3 landscape with a suite of secure Ethereum scaling solutions. Hundreds of projects have already deployed on Arbitrum 1 with flourishing DeFi and NFT ecosystems. Arbitrum Nova is quickly becoming a Web3 gaming hub and social dapps like Reddit are also calling Arbitrum home. And now, Arbitrum Orbit allows you to use Arbitrum's secure scaling technology to build your own layer 3, giving you access to interoperable, customizable permissions with dedicated throughput. Whether you are a developer, enterprise, or user, Arbitrum Orbit lets you take your project to new heights. All of these technologies leverage the security and decentralization of Ethereum and provide a builder experience that's intuitive, familiar, and fully EVM compatible. Faster transaction speeds and significantly lower gas fees. So visit arbitrum .io where you can join the community, dive into the developer docs, bridge your assets, and start building your first app with Arbitrum. Experience Web3 development the way it was always meant to be. Secure, fast, cheap, and friction -free. Bankless Nation, I would love to introduce you to Neil Samani, the founder of Eclipse, a project working to bring the Solana virtual machine, the SVM, to Ethereum. Today, Eclipse has announced their SVM mainnet, the first Eclipse layer 2 on Ethereum that uses the SVM as its execution engine, but Ethereum for settlement and liquidity. Is that a curveball? Well, it doesn't stop there because Eclipse is also using Celestia for data availability and RISC -0 for fraud proofs. So Solana's execution environment, settling on Ethereum with ETH as gas using Celestia for data availability and then security offered by RISC -0 fraud proofs. My first big question to you, Neil, is what the hell is that? What is this? Who even allowed you to put all these forms? What did you create? What is this? I love this image. This is amazing. What the hell is this family guy meme for the people listening on the podcast? It's like Noah on the ark and there's some kind of hybrid animal, like a giraffe, elephant, like I don't know what that tail that is, but some kind of hybrid animal that's been created, like the platypus. That is awesome. David, Ryan, thank you for having me. Yeah. So Neil, where did this idea to put four different networks together come about and maybe talk about some of the motivations here? So the original idea was just to put Solana Ethereum and that was the motivation behind the concepts. And what we ran into was just a ton of constraints and things that you'd expect to be true for a virtual machine because that's how it is in the Ethereum world. So an example is like a chain ID. When you switch your MetaMask wallet to another Ethereum chain or another EVM chain, then they actually have like a well -defined mechanism for doing that. Another example is there's no global miracle tree for Solana. So the lack of these primitives means that that initial idea was not so easy to implement. So we basically implement, we had to add in Celestia or risk zero out of necessity in order to make this possible. Wait, so you had to add Celestia and risk zero, like it wasn't an option to just do a layer two. Just pure Ethereum. So it depends on the amount of transaction volume that we end up running, but at our projected amount of transactions, Ethereum DA would just prove to be very expensive. And it would also lack a lot of the benefits of the Solana VM, which is that you're going for scale, meaning that you want the transactions to be really cheap. So right now it's like the base cost for writing 200 bytes to Ethereum is about 15 cents. So that would be like much more expensive transactions. And that opens us up to account from the Solana community, which is like, oh, we're much cheaper than you. But if you're doing it this way, then we can actually be competitive on price too. I want to get back to why Solana, because that's the big question. Why the SVM, right? But before we do, just really quick, yes, data availability is very expensive in today's world. However, there is some hope. We just did release an episode earlier this week with Dom from Eth Research on Blob Space, an EIP 4844, where the cost of data availability for rollups is going to drop quite significantly. Or maybe let me just rephrase that and say the availability of data availability is going to be increased massively in the form of these blobs. Does that change the calculus at all for you or is it kind of the same? It's still more expensive than something like Celestia. It definitely changes the calculus. Given that it's a fee market, we have to see where that fee ends up landing. So I want it to be live. But yeah, there's great research going on in the Ethereum community for scaling DA. We're watching it closely and we have ambitions to eventually just be fully on Ethereum and just use that for DA as well. Okay, well, let's talk about the big thing here. So the Solana virtual machine, the SVM. We've not done an episode comparing the SVM versus the EVM. We've been thinking about doing one. This maybe gives us a little taste of that. Can you tell us what is so great about the SVM? Why do some people sing its praises and seem to prefer it for certain things? The way to think about it is by starting with the EVM and just understanding the failures of the EVM so far in scaling Ethereum. And I think that if you asked a lot of the researchers in Ethereum community, scale is pretty much the biggest issue. But it feels kind of redundant for me to be saying that because everyone's talking about it. Yet, the way that they've tried to bring scale to Ethereum is just by taking the EVM and turning it into a roll up, effectively. But what's nice about a roll up is that once you've decoupled the execution, consensus, settlement, and DA, is that you can make that execution layer whatever you want. So the issue with the EVM is that it's single -threaded as it exists right now, meaning that all the transactions get in a single file line, they're executed one at a time. And that means that if there's a big NFT drop, for example, then that's going to really spam the network. And there's no way to get your DeFi transaction in unless you're competing with all those other transactions that are in line. But what's nice about a parallelized virtual machine is that you can execute those transactions concurrently, given that they're not touching the same piece of the state. So that's what the Solana virtual machine primarily brings. And it's the most battle -tested VM in the sense that Solana has been around, as opposed to Moov or some other parallelized virtual machines, which are much newer. And that means that you also get the benefits of the existing Solana code base, any existing libraries that are written for the SVM, and we can take all those and immediately port it to Eclipse. So that's the main reason to use the SVM, which is just scale. And scale is inherently maximalistic for a roll up to claim, because we're basically saying that if you have one SVM, you don't need all these other single -threaded VMs around it. Yeah. So one of the reasonings I've heard around the EVM is that while the EVM does execute, because that's what virtual machines do, it was not built for execution. It was built for the Ethereum layer one, and that has prioritized other properties. And while the EVM has had a ton of just network effects, the open source network effects around the EVM are super, super strong. I think in this day and age, in the year 2023, one of the things we're seeing is that the around the SVM are growing sufficient tailwinds that, Neil, I think what you're saying is that, well, I can feel safe that there is sufficient momentum in the network effects of the SVM code base that is going to be an alive code base moving forward into the future. And so it is going to be the execution virtual machine that we can deploy to Ethereum, because if we have a roll -up centric roadmap, we aren't beholden to the EVM on layer twos. This is my interpretation. Is this about right? Yeah, that's right. And what's cool is that it actually goes beyond just the existence of the SVM per se. It's a bit of a misnomer because the SVM is actually the Berkeley packet filter virtual machine. And that's been in the Linux kernel for like decades. So this is a very old virtual machine and it has raw support, raw can compile to the byte code. And there's a few surrounding extensions that are pretty battle tested as well. So we're taking all this existing wealth of open source code and just repurposing it as an Ethereum ML too. How much better is it, Neil? How can you quantify that? I would argue if it's like orders of magnitude, like a hundred times or something, some ridiculous magnitude or faster. Yeah. Okay. So like if we take a roll -up with the exact same stack you're talking about, but rather than the SVM, we have the EVM versus what you're doing with the SVM, how much better is yours? You're saying an order of magnitude, like 10X, 100X? Yeah. It's always tough to talk about throughput because the reality is it depends on what are the state access patterns. Like if everything, let's say every transaction the SVM was accessing the same piece of state, then you actually can't beat sequential because that's just like the fact about databases, right? You'd have to impose, if it was sequential rights, let's say. So then you have to lock that piece of state to execute the transaction, then do the next one, then do the next one. So you're not saving anything in the sequential case, but assuming they're all touching different pieces of state, which if the crypto thesis is right, we're gonna have all kinds of applications doing all sorts of different things. And that's effectively what these EVM roll -ups are mimicking. If you look at OPStack, the reason why people are deploying these is a lot of time they cite dedicated block space, but that's exactly what the SVM already solves for them. So our thinking is why fragment liquidity, fragment the user experience, make them switch networks. It's looking like a mess already, but you can prevent all that by just keeping it all in the same chain. Okay. So one of the, I guess the bull case for the EVM is basically, I don't think anyone really prefers it for its execution prowess and capabilities. They all prefer it because of network effect. It's because we started with the EVM, a whole bunch of apps were built, and now we could just very easily port those apps to roll -ups. That's kind of why. And I guess with SVM, you're making the case that it is much better for just the execution layer type thing, and you're still taking advantage of some of the network effect that Solana has built as well. I want to ask a question here because I'm not sure I fully understand this, but about different fee markets and resourcing, how does that work? So is it the case inside of your roll -up that if there is a big NFT drop or some sort of app that is consuming a large quantity of the block space inside of Eclipse, is that somehow isolated or segmented, or is there some kind of bifurcation of resources between another layer? Localized fee market is - This is a term that I've not fully understood, but I know our friends on the Solana side really purport this as one of the main virtue of actually Solana is these localized fee markets. Tell us about that. Yeah, it's critical. And if you've looked at Arbitrum lately, fees still spike substantially on roll -ups if they're single -threaded. And that's because of that exact reason that you're mentioning, the global fee market. If GMX gets a bunch of activity, then everyone suffers as a result. But economically, that's not actually really the way that it should be because there's this negative externality to GMX being imposed on all of the other apps, but really it should be constrained to that one app. So it's as if you took all these global fees and you just concentrated it on the one app that's actually causing on the hotspot or a state hotspot, as some of the folks on the Solana side will describe it as. And everyone else can just keep merrily happily walking along and they can execute on other cores. So it's really a property of the scheduler within the validator because in every validator, they have to somehow decide what order am I going to process transactions. And they're saying everything that's accessing this piece of state is going to all go on a single core and everyone else can use the other cores. And there's no contention on those. So Neil, this is really just a statement. The design philosophy of Eclipse is just a statement that it's a bullish statement on the growth of the SVM network effects. So maybe in this day and age, if you are like optimist or Arbitrum, you're going for this thing called Ethereum equivalents. And they are making a statement that, hey, we are bullish on the growth of the EVM network effects. And I mean, network effects of different virtual machines can grow independently. It's not an either or. But the philosophy of Eclipse is saying like, hey, there's the SVM network effects are going to grow. They're going to grow a lot. We want to take that and couple it into whatever the value is of being a part of the Ethereum ecosystem. That's my like synopsis of this. Yeah, I'd even argue that EVM network effects have proven to be not so important. And I think it made a lot of sense initially a few years ago when you had Polygon and BSC launching. But if you look at the types of apps that were deployed there, you get like SushiSwap, which is effectively a fork of Uniswap. And now I recognize they deployed even to like Ethereum. But those are the types of apps you often get. And it's rare that those apps are actually net new. Whereas by bringing the SVM to Ethereum, I think we're going to see net new applications in the Ethereum ecosystem, just given that there's a lot of apps that just couldn't exist without parallelism, central limit order bugs being a great example. We've seen a lot of decentralized physical infrastructure networks on Solana, so we can bring those to Ethereum as well. Apps like that, I think, are going to be more interesting to me rather than porting apps that already exist.
Bankless
A highlight from Vitalik Buterin: Ethereum For The Future
"Welcome to Bankless, where we explore the frontier of internet money and internet finance. And today on Bankless, we're exploring some new frontiers about the future. I think quite frequently in the crypto Web3 and Bankless content sphere, when we talk about the future that crypto brings, we use frames of references from the past, TradFi, to talk about the future of finance, DeFi. We want to fix Web2 with Web3. But today on Bankless, I want to bring this conversation that we had at Permissionless with Vitalik. The opening day, the final day, day three of Permissionless that we had with Vitalik that we called Ethereum for the Future. I think it's very easy to imagine use cases like DeFi, like Web3, like NFTs, when we have previous correlates to understand as a frame of reference to think about what a new form factor for these things could be. But what about the things that Ethereum can produce, that Web3 can produce, that don't have a historical form factor? What about the new use cases, the net new things that can emerge because we have the new properties of what crypto can bring to the table? This is the theme of this episode and the conversation that I had with Vitalik Buterin. The sibling technologies, AI, decentralized science, synthetic biology, lots of the things that happened and went down at Zuzalu, but really just as a meta theme of understanding the new things that will come out of crypto, the things that we can't articulate. I asked questions to Vitalik like, if he could duplicate himself and start a startup, which industry would he start it in and how would it relate to crypto? What does he want the Web3 builders of the world to focus on that they might be under indexing on because imagining an unspoken future is hard? How will Ethereum be a platform for all of these new future use cases that we can't yet imagine? And knowing that Vitalik has gone down these rabbit holes of different industries, different technologies, how has that exploration changed what he thinks Ethereum can do for the world? Like I said, this talk opened up the third day at Permissionless where a lot of people's minds and imaginations were already opened up to some of the future things coming into the crypto world. We have the Solana virtual machine. We have 4844 and scale and dank sharding and we have account abstraction and EIP 4337. A lot of things that can really make the future of Ethereum tangible from a technical perspective and I really wanted to bring this conversation to the foreword with now that we have this technology what can we do with it and can we imagine some new things rather than just reimagining the old things. Reimagining old things is definitely why we're here but there's also going to be some nice surprises that we won't be able to articulate and hopefully Bankless Listener, this conversation with Vitalik from Permissionless can open your mind to I as well. Let's go ahead and get right into this conversation with Vitalik Buterin but first a moment to talk about some of these fantastic sponsors that make this show possible. Extra thanks to Kraken our preferred exchange for crypto in 2023 whether your dollar cost averaging into crypto to prepare for the bull market or you're taking profits out of crypto be sure to do it with Kraken the newly designed Kraken Pro makes it super easy to do both your basic financial transactions while also taking your trading to the next level Kraken Pro is truly the trading UX that you've always wanted. So if your bull market archetype is the trader class you need Kraken Pro in your toolkit but if your character class is more of a DeFi journeyman or woman then MetaMask Portfolio is the tool for you. MetaMask Portfolio is your DeFi multi -chain battle station. Any asset on any Ethereum layer 2 MetaMask Portfolio will present it to you so don't get caught forgetting assets or missing opportunities make sure you're prepared for the bull run by prepping your MetaMask Portfolio. Moving on from tools you need to playing fields to play on the arbitrum layer 2 is one of the main arenas in which this bull market will be fought on whether your character class is a DeFi degen, airdrop hunter or healed seeker the arbitrum Colosseum is where a ton of the action is going to be. So whether you're on arbitrum 1 for DeFi NFTs or arbitrum Nova for Web3 gaming or a new frontier on arbitrum using an arbitrum orbit chain there are so many opportunities to sink your teeth into but as we know the Ethereum roll up centric roadmap produces all kinds of layer twos and mantle is one of the newest layer twos on the scene with some of the newest technology that Ethereum layer twos has to offer in the year 2023. Mantle is built using the OP stack but uses eigenlayers data availability solution instead of the expensive Ethereum layer one reducing gas fees by 80 % compared to other layer twos with billions of dollars standing by from Bitdao to invest in mantle make sure you stay ahead of the game by building and growing your on chain footprint on mantle.
Bloomberg Radio New York - Recording Feed
Monitor Show 18:00 09-16-2023 18:00
"With Bloomberg, you get the story behind the story, the story behind the global birth rate, behind your EV batteries environmental impact, behind sand. Yeah, sand. You get context and context changes everything. Go to Bloomberg .com to get context pursuing what seems like a relatively minor issue. Thanks, Kate. That's Professor Kate Andreas of Columbia Law School. This is Bloomberg Law on Bloomberg Radio. I'm June Grosso. Stay with us. Today's top stories and global business headlines are coming up right now. Broadcasting 24 hours a day at Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. United Auto Workers are holding talks with Ford and GM on day two of the strike. Union members like this UAW worker in Toledo are striking for better pay and pension benefits. We need more money. I mean, we've gone years without a raise. You know, we want our fair share. And that's what we're looking for, our fair share. You know, for everybody, not just for me, but for everybody that works here. Representatives for both GM and Ford say negotiations resume today after Friday's pause. Union leaders are pushing for what they call a strong and fair contract. President Biden sent two high -level White House officials to help mediate the talks. Post -tropical Cyclone Lee has made landfall in Nova Scotia. The latest update from the National Hurricane Center says maximum sustained winds are near 70 mph, with Lee expected to continue to weaken as it moves north over the Canadian Maritimes. Forecasters say strong winds, coastal flooding and heavy rains are occurring in portions of Maine and Atlantic Canada. Congress is making little progress to fund the government and avoid a possible shutdown at the end of the month. Lawmakers must pass several spending bills or a short -term funding measure known as a continuing resolution by September 30th. Democrats have faced fierce opposition on both options this week from hard -line conservatives who are...
Bankless
A highlight from Why MetaMask Snaps is a Big Deal with Co-Founder, Dan FinIay
"Hey, Bankless Station. Here I am from Permissionless2 on why Snaps is a big deal. Metamask Snaps just launched at Permissionless, and I think you should know a little bit about it. This is a solo podcast. It's just me. David is off partying at some events, I think, right now. I'm about to join him. But before we do, I want to give you this episode on Metamask Snaps. This is like a browser extension only for your Metamask crypto wallet, and I think it unlocks a lot of potential. We're going to talk about why it's a big deal, what you can do on it today, how you can glow up your Metamask wallet, and we have Dan Finley, who is the co -founder of Metamask. He's been in the space forever as the original Ethereum OG wallet, and to see how Metamask has developed is pretty exciting. You can see the passion for which he has as we go through this episode. Guys, we're going to get right to the episode, but first, we disclose Metamask is a sponsor of Bankless, but of course, that's not why we did the episode. We did this episode because this is an awesome product that you need to hear about. We are long -term investors, not journalists. We don't do paid content. There's a link to all Bankless disclosures in the show notes at all times. All right, guys, let's get right to the episode with Dan, but before we do, we want to thank the sponsors that made it possible, including Kraken, our number one recommended exchange for 2023. Go check them out. Kraken Pro has easily become the best crypto trading platform in the industry, the place I use to check the charts and the crypto prices, even when I'm not looking to place a trade. On Kraken Pro, you'll have access to advanced charting tools, real -time market data, and lightning -fast trade execution, all inside their spiffy new modular interface. Kraken's new customizable modular layout lets you tailor your trading experience to suit your needs. Pick and choose your favorite modules and place them anywhere you want in your screen. With Kraken Pro, you have that power. Whether you are a seasoned pro or just starting out, join thousands of traders who trust Kraken Pro for their crypto trading needs. Visit pro .kraken .com to get started today. Mantle, formerly known as Bitdao, is the first DAO -led web3 ecosystem, all built on top of Mantle's first core product, the Mantle network, a brand new high -performance Ethereum layer 2 built using the OP stack, but uses Eigenlayer's data availability solution instead of the expensive Ethereum layer 1. Not only does this reduce Mantle network's gas fees by 80%, but it also reduces gas fee volatility, providing a more stable foundation for Mantle's applications. The Mantle treasury is one of the biggest DAO -owned treasuries, which is seeding an ecosystem of projects from all around the web3 space for Mantle. Mantle already has sub -communities from around web3 onboarded, like Game7 for web3 gaming and Bybit for TVL and liquidity and on -ramps. So if you want to build on the Mantle network, Mantle is offering a grants program that provides milestone -based funding to promising projects that help expand, secure, and decentralize Mantle. If you want to get started working with the first DAO -led layer 2 ecosystem, check out Mantle at mantle .xyz and follow them on Twitter at 0xmantle. Arbitrum is accelerating the web3 landscape with a suite of secure Ethereum scaling solutions. Hundreds of projects have already deployed on Arbitrum 1, with flourishing DeFi and NFT ecosystems. Arbitrum Nova is quickly becoming a web3 gaming hub, and social dapps like Reddit are also calling Arbitrum home. And now, Arbitrum Orbit allows you to use Arbitrum's secure scaling technology to build your own layer 3, giving you access to interoperable, customizable permissions with dedicated throughput. Whether you are a developer, enterprise, or user, Arbitrum Orbit lets you take your project to new heights. All of these technologies leverage the security and decentralization of Ethereum, and provide a builder experience that's intuitive, familiar, and fully EVM compatible. Faster transaction speeds, and significantly lower gas fees. So visit arbitrum .io, where you can join the community, dive into the developer docs, bridge your assets, and start building your first app with Arbitrum. Experience web3 development the way it was always meant to be. Secure, fast, cheap, and friction -free. Bagless Nation, I am super excited to introduce you to Dan Finley. He is the creator of MetaMask, and he's got something special for us today. Dan, how you doing, man? Oh, I'm euphoric. I'm walking on a cloud. And then, of course, I'm excited to get back to work and do even more tomorrow. You know what? You look like you are literally in paradise right now, because the scenery behind you is absolutely phenomenal. So I am, for listeners who can't see the visuals today, I've got this black background, looks very somber. I found this little cloister at the Permissionless Conference to record this, whereas Dan somehow has a microphone outside, and he's got beautiful trees, and shrubbery, and green foliage behind him. How are you managing that? Yeah, well, I just plugged it into the tree, and I knew that I was coming on bankless. You guys are always the best about flexing your green. Like other crypto podcasts, they flex their green, and then you guys flex your green. And so I thought I'd come on and flex mine. Especially my podcast co -host, you will be very proud of this shrubbery behind you, and I'm sure you can name every single plant. But we're not here to talk about plants. We're here to talk about metamask snaps. Okay, what are metamask snaps, Dan? Why are they important? Why are they exciting? Well, they're kind of like plants in your wallet. So you know how... I'm sorry, I did not prepare this metaphor, but let's ride it a little. No, let's go with it. Yes, let's ride it. So you know how your wallet right now, it's kind of just like a set of features you get from the store and you hope the team made what you want. It's like getting a box of processed food at the grocery store. And when it does bad and you have a lot of microplastics in your blood or whatever, there's a lot of fishing, whatever, you're like, well, why don't the devs fix this? And what you might like to do is know your ingredients and kind of curate yourself a little bit more of a home cooked meal, maybe have a friend over and have them help you cook something nice out of your fridge. And snaps are kind of like that. We're taking the wallet experience and we're kind of making it a collaborative development platform. And so there's a lot of parts of the wallet that we've wanted to improve in the past that are really hard to do in a centralized manner, just as a single dev team. There's just like, there are, for example, countless protocols. Like every time somebody writes a new contract, it's arguably a new protocol. And so representing it faithfully to the user is like actually a hard problem. And then there's how to keep a person safe or how to interact with new run times and stuff like that. And I think what we started realizing is the best people to build an interface to a new protocol are the creators of that protocol. And so we created the system that basically lets external developers build kind of plugins for MetaMask and add support for their various gifts and ship them right to our users. So today, for a lot of our existing users, that looks like you can install some transaction safety providers. And now when you're confirming a transaction, you can have additional third parties helping you stay safe. And you're all opting into these, right? Some of them may phone home and you get to decide whether they get to or not. Some of them are doing simulations. And some of them are using AI analysis. Some of them are using on -chain registries and court systems like Clarus. And basically, I think any MetaMask user should install a handful of those today from the groups that if they recognize any and trust any. And then there's a whole bunch of new blockchain protocols that we were able to support now. So there's like supporting like 21 new blockchains or something just as of yesterday. And it's only going to be more as we make it easier to publish to the platform.
Bankless
A highlight from Surveillance Finance 101 with Seth Hertlein and Michael Mosier
"Hey, Bankless Nation. I put out a tweet last week that said this, who can come on bank lists and explain the modern financial surveillance apparatus? FADF, FinCEN, AMLKYC, OFAC, the Blacklist, the Graylist. How does it all work? Who makes the rules? But in the space for years, I still don't understand these dark corners. That's very much how I felt coming to this episode, needing the financial surveillance 101. I knew it was an octopus, knew it was this multi -headed hydra. I had no idea how deep its roots actually go, and today we unpack this with legal experts. Seth Hirtline, he's the VP of Global Policy at Ledger, and also Michael Mosier. He actually has spent some time in the belly of the beast at both FinCEN and OFAC. Now he's on our team. He's the guy inside the house. Yeah, and now he's on Team Crypto, so he's got some insider baseball that he's going to tell us as we make sense of this. This was a really fantastic episode. I know I want to get your comments on this episode, but before we do, we've got a message from our friends and sponsors over at Ave. David, what does Ave want bankless listeners to know? Ave wants you to know that Ave V3 is here. I mean, it's been here. It's been here for six months. So why does Ave want you to know that V3 is here? Well, because apparently over a billion dollars of capital doesn't know that because it's still in Ave V2. Not only that, but there is a button for migrating your capital to Ave V3. So Ave, if you are an Ave V2 enjoyer, which you are free to because it is permissionless open source technology, they still want you. Everything gets better if all of the liquidity goes to the same place. So if you are using Ave but you are using Ave, an old version of Ave, perhaps consider joining the rest of the crew in Ave V3. It has more liquidity than Ave V2, but also some extra features as well. So power asset isolation mode and compartmentalize your risks. It's got some gas optimizations. It's got some extra bells and whistles. It's just a better version of Ave. App .Ave .com. But then also there is Ave Grants. If you are a builder building on Ave, especially their brand new stablecoin Go, there are grants available to you. So overall, there's a bunch of things to do in the Ave ecosystem, and there's a link in the show notes to get started with all of them. Yeah. My favorite, I would say both of our favorites, lending and borrowing protocol and crypto. They've been around since the very beginning. Ave is just fantastic. David, I know this episode was my idea. It's kind of like geeky, wonkish stuff, but I felt like it was so important, especially on the back of developers getting arrested in tornado cash. Like what is going on? I just realized one day I don't even understand what all of these are institutions and what gives the financial surveillance system their apparatus. What did you think of this episode? Yeah, I definitely would categorize this one as a Ryan episode. I was definitely in listening mode for the majority of this podcast. I mean, I guess that's what it's like to be a listener. You're in listening mode, so I guess telling listeners to enter listening mode, I guess doesn't help them. I learned a lot. It felt like story time, a little bit about American history. One of these episodes that we frequently do on Bankless every now and then about just like, hey, how did just the state of laws come to be in the way that they are and how are they downstream from the original American values that this country was founded on? What about the current settling of the dust around this new player in the world of, in this universe called cryptography? How is that disturbing the equilibrium and how do we need to extend American values into this new world? Because if we don't do that, then non -American values will take over. I think that's kind of the through line that I would, that will anchor Bankless listeners is that there's this new field in territory. We can have freedom enter and establish itself legally, or we can have authoritarian interests enter in that same field. And I mean, I think everyone knows which side that we want to win. We need to actually fight for that and fighting for that starts with understanding. And so I think that's why I enjoyed this episode is it helps tell that story. Yeah. And anytime David says American values, if you're outside the U S and you're like American values, just, just think of liberal values, like lowercase L values, right? Civil liberties you know, freedoms of citizens to, to express themselves and to transact without the surveillance of the government. That's really what we're talking here. And that's what's at stake more than anything. I think this episode impressed upon me that unchecked, this is just an octopus. This is just like a tree structure that will, I don't know, it's not an octopus slime mold. It will grow. Exactly. And, and it is growing and it has grown since like the 1970s. Anyway, absolutely fantastic episode guys. Stay tuned for this. But before we do, we want to tell you about our friends over at Kraken, which is our number one recommended exchange. Go check them out. Kraken pro has easily become the best crypto trading platform in the industry. The place I use to check the charts and the crypto prices. Even when I'm not looking to place a trade on Kraken pro, you'll have access to advanced charting tools, real time market data, and lightning fast trade execution, all inside their spiffy new modular interface. Kraken's new customizable modular layout lets you tailor your trading experience to suit your needs, pick and choose your favorite modules and place them anywhere you want in your screen with Kraken pro. You have that power, whether you are a seasoned pro or just starting out, join thousands of traders who trust Kraken pro for their crypto trading needs. Visit pro .kraken .com to get started today. Mantle formerly known as Bitdao is the first Dow led web three ecosystem, all built on top of mantle's first core product, the mantle network, a brand new high -performance Ethereum layer two built using the OP stack, but uses Eigen layers data availability solution instead of the expensive Ethereum layer one. Not only does this reduce mantle networks gas fees by 80%, but it also reduces gas fee volatility, providing a more stable foundation for mantle's applications. The mantle treasury is one of the biggest Dow owned treasuries, which is seeding an ecosystem of projects from all around the web free space for mantle. Mantle already has sub communities from around web three onboarded like game seven for web three gaming and by bit for TVL and liquidity and on -ramps. So if you want to build on the mantle network, mantle is offering a grants program that provides milestone based funding to promising projects that help expand secure and decentralized mantle. If you want to get started working with the first Dow led layer two ecosystem, check out mantle at mantle .xyz and follow them on Twitter at zero X mantle. Arbitrum is accelerating the web three landscape with a suite of secure Ethereum scaling solutions. Hundreds of projects have already deployed on Arbitrum one with flourishing defy and NFT ecosystems. Arbitrum Nova is quickly becoming a web three gaming hub and social daps like Reddit are also calling Arbitrum home. And now Arbitrum Orbit allows you to use Arbitrum secure scaling technology to build your own layer three, giving you access to interoperable customizable permissions with dedicated throughput. Whether you are a developer, enterprise or user, Arbitrum Orbit lets you take your project to new heights. All of these technologies leverage the security and decentralization of Ethereum and provide a builder experience that's intuitive, familiar and fully EVM compatible, faster transaction speeds and significantly lower gas fees. So visit arbitrum .io where you can join the community, dive into the developer docs, bridge your assets and start building your first app with Arbitrum experience web three development the way it was always meant to be secure, fast, cheap and friction free. Bankless nation. We are super excited to host two legal minds on our show today. Seth Hurtline is the vice president global head of policy at ledger and Michael Moser. He's the building ex ante. Um, he's formerly been at FinCEN and the treasury chief technical council at T analysis. So he's seen a thing or two in the space. Uh, welcome Michael. Thanks. All right guys. Uh, so what we're going to attempt to do on today's episode is give kind of the everyman explanation of financial surveillance. I feel like this is an episode. Um, maybe for me, it's, it's kind of a selfish episode because I feel like here I am in crypto and I've heard all of these, you know, four or five letter agencies. Uh, and it's recently started to impact my life with like tornado cash. I'm not entirely sure what these agencies are. I'm not entirely sure what's legal and what's not. I'm not entirely sure what powers each of these agencies actually have over my financial life. And I'm looking for like the one Oh one, I'm looking for like the, the explainer when we call it, talk about fat if, uh, and we're talking about OFAC, we're talking about whitelists and gray lists and we're talking about, you know, can I use tornado cash or not? And I can't because I'm an American. I just don't know what, uh, what every like what's going on here. So I feel like we need the one Oh one episode. So if you guys are game to do that, that's what, uh, this we're going to try to accomplish today. So I'm good. Great. Absolutely. Well, let's, um, let's kind of start domestic, uh, from sort of the U S perspective if we will, and then, then go international to kind of the rest of the world. But I want to start with maybe a working definition. So I'm thinking of this episode as like a financial surveillance one Oh one episode. And I'm wondering if you guys could sort of describe financial surveillance when I use that term, what does it mean to you? What is kind of happening behind the scenes? Who are some of the main agencies that hold the power? I'll throw this one to you first, Seth. Okay. Um, well, I, you know, I think, you know, for the purposes of this episode, let's, uh, you know, sort of carve out, you know, private sector or sort of corporate surveillance. Um, uh, let's, let's sort of limit the scope of today's conversation to, uh, to government surveillance. But I, you know, I think the, uh, you know, a good working definition could be, um, you know, information that is, uh, collected by, uh, or, uh, required to be reported to, uh, the, uh, the federal government or an agency thereof, uh, either by individuals or, um, uh, by, by service providers, intermediaries, uh, that they use for, uh, their everyday financial lives. So just to check that definition, Seth, I hear hearing two parts. One is the legally mandated reporting requirements, which if you don't do it, you get like something like fines and jail. And then there's additional information, which it would seem that the powers that be are able to just collect by their own visual, uh, mechanisms as in like it's information that's out there and they collect that information because it's available for them to collect. So that's two types of data. I mean, you know, Mike, I'd be curious your, your thoughts on this. I think it sort of converges effectively into, uh, more or less the same thing. Um, so, so maybe not a need to draw that particular distinction. Um, yeah, I think, I think it's a, I think it's a collective approach. It sort of, um, I think for two reasons, one is, you know, some of that will come into play, David, as we're, as we think about challenges, including constitutional challenges, uh, as courts have, have made a distinction between, uh, when you put your trash out, um, have you relinquished control of it? And if somebody goes through it, they just go through that through it, um, versus, uh, somebody coming in your house and going through your papers, which is the sort of genesis of the fourth amendment. Um, and I think as Seth's pointing out, we're, we're in a space here with, with web one, two, and now three, where there's tremendous amount that's, that's in this gray area between what's public and what isn't. I think even, even the concept of like what's public information at this point, um, is, is a lot more of a fine tuned, uh, fine nuanced issue, uh, including, I should say, like in a way that, that also these same government agencies that are, that are collecting it for various reasons. I mean, the, the mission of all of this, uh, and I think this is important is something when, when I was at FinCEN, we would say to the people on the Hill, making the laws too, sometimes without asking us first, uh, was that the primary mission is countering exploitation here. And so you have to factor into that, that the fact that this information out there and being collected in any form is also subject to creating greater exploitation. Uh, and that, that includes people's, you know, honeypots of people's data that gets hacked. Um, some of this recently coming up in FTX and Kroll, um, coming out of the bankruptcy. Uh, and that's something that, that I think there's the policymakers and the politicians, and then there's also the, operators out there, including at FinCEN and DOJ are saying, actually we don't need more cases and more victims. Uh, so can we protect some of this too? It's partly why we brought in privacy experts and did initiatives on zero knowledge proofs and homomorphic encryption at FinCEN. So I do think it's really important that we're, that we're talking about that very holistically. There's a lot out there. So already we're talking about FinCEN and DOJ and treasury and all these kinds of institutions. I want to get some working definitions on, but, but while we're, while we're talking about, um, this, this term, financial surveillance, all right, let's just get a grasp of what sort of data is generally being collected. And like, when is this primarily like, uh, intermediaries that are required to submit this? Because, um, as a, you know, a citizen of the US, I don't often have to, I guess I'm not like conscious of times that I'm like filing paperwork with treasury or FinCEN, but maybe I am through an intermediary and I, I just don't know it. So what sort of things are being tracked and, uh, surveilled and why? I'm happy to take that first. Yeah, I think, I mean, so it's true. You're not, although I will say there's, there's, uh, there's legislation out there, particularly in the tax space that could make you a reporter, Ryan, whether you like it or not, and whether everyone around you likes it or not. Uh, speaking of honeypots, like you may be collecting and reporting on others, but I think as, as in a traditional stand from the, from a FinCEN perspective in the Bank Secrecy Act, um, you're absolutely right. It would be intermediaries. Uh, and in fact, this goes back to some of the constitutional issues that, and the third party doctrine that Seth mentioned, but it's really transactional information. Um, and historically, in fact, the, we can talk through a little bit if you want the history of the Bank Secrecy Act, but it was exactly this. It was around, uh, reporting requirements basically, uh, coming up through the seventies. Um, and basically at the time it was purely, it was basically large cash. Um, law enforcement was seeing large cash deliveries to banks. I'm pretty sure it was organized crime. And when they would go to a bank, the bank would say, I don't know, I don't know why, um, Bugsy Siegel dropped off, $100 million. Uh, and so the other piece of that was that there was foreign Swiss banks, uh, at the time. And so this was the foreign transactions reporting piece of it too. Um, that had Swiss bank, Swiss secrecy, uh, Bank Secrecy, which is where the Bank Secrecy Act comes from. Um, and so the US would say, okay, well, we'll go to Switzerland where some of this money is getting sent from the bank that was brought in in cash. And they'd go to the Swiss and say, okay, you tell me about what's going on here. And they would say, there's nothing we can say. There's a secret, there's bank secrecy here. And so part of it was going to the US banks and saying, we need you to collect more information at the time. It was really just information of like, who's collecting it. Um, give me their, their, basically their, their bank opening information. Where do they live? What's their phone number? What's their, um, what's their occupation? What's their source of income, that sort of thing. It evolved over time to suspicious activity reports, which is much more, I think what, what you're thinking through, which is, okay, now a bank is making a determination. Seth came in the other day. He didn't just drop off a bunch of cash. He's, he's making anomalous, uh, deposits that don't make sense to us. Uh, this seems suspicious. He said he was, uh, he said he was a reporter, but he makes a million dollars a day. Um, what's going on here. And so they would file a suspicious activity report that would lay out, who is it? What did he say it came from? Um, and what is it that's suspicious about it? And I, and I should say like, you know, back in the day that would have been, he brought in a bag of cash, um, net, then it would evolve to checks and check numbers. Then it would evolve to trans, uh, wire transfers and the wire transfer information about every piece of that transaction who the correspondent bank was in the crypto space. That could be all sorts of things. What wallet address was connected? What time? Uh, if it's a, if it's a public ledger like Ethereum or Bitcoin, that might be, here's a graph of everything that that wallet touched, um, historically, uh, depending on what the platform is, they may collect the IP address, even the device identifier that Seth used to connect. Um, so there's a tremendous amount of data and metadata that could be collected in that. Can we, Michael, so can we go back to kind of the history here, uh, with you guys to make sure I understand it. So there wasn't, and we're still domestic, so we're still talking about the U S and we'll expand international after this. So, um, prior to like the 1970s, am I right to say there wasn't much financial surveillance? And then in the nine 1970s, is that, is that correct? Yeah. Yeah. Okay. So that's correct. And then in the 1970s, basically to kind of fight crime, maybe organized crime, you know, the mafia was sort of one, uh, one organization that was in the cross hairs. Uh, the U S came out with a bank secrecy act and this started sort of the, the surveillance, financial uh, apparatus. And, and so this, is this the reason basically for AML KYC, which is like, I have to be identified before I can like, you know, with a government ID, let's say before I can open a bank account. And this is the reason when I go to like transfer money or take out a large deposit from my bank, uh, the bank teller will say, what are you doing with that? Like, how are you using that money to ask these questions? I'm always like, why, why do you need to know this? Uh, you know, and it's almost couched as if, well, we want to protect you from frauds and scams and you know, maybe that's part of it. It seems like more of it is, is, is kind of this financial surveillance apparatus. So that's why I have to present an ID. That is why they are asking questions like, what are you doing with the money? And can you tell me more about, uh, the source of the funds? These are all questions. I'm, I know many bankless listeners have, have seen from their banks and it all, all emanated from this legislation from the, the 1970s and the bank secrecy act is that, is this correct? Yeah. So it started, uh, bank secrecy act was enacted in 1970. Um, and you know, at, at that time it was, uh, you know, a much smaller version, uh, you know, than it is now. Uh, right. So in 1970 I had two, uh, two core provisions, title one, title two, title one basically said banks have to, um, record, uh, transactions of their customers. They have to keep an internal log of all the transactions their customers made. Title two said the banks have to report, uh, transactions over a certain size to the treasury department. And in 1970, that, that threshold was set at, at 10 ,000 us dollars. Um, and so that created, um, one of these forms that, uh, the reports get made on called a CTR or currency transaction report. Uh, importantly, the, uh, that threshold, that $10 ,000, uh, hasn't ever been adjusted. Right. So if you, if you go back and you adjust the CTR threshold, uh, back to, to 1970 dollars, it's the equivalent of about $79 ,000 today. Wow. And what that amounts, yeah. What amounts that amounts to is, uh, you know, a gradual but constant tightening of the noose of, uh, transaction reporting of, uh, you know, the American people. Uh, and, you know, and so that's where it started. Um, you know, but, you know, both as, as sort of Mike and, and Ryan, your, your, your comments alluded to, there's this sort of creeping nature of it where it all, it just expands. Right. So first it was just the CTRs and the record keeping, you know, now it's, uh, SARs or suspicious activity ports that were added in 1992. Um, there was a, a vast expansion of the scope of the types of transactions it just really quick SARS. So suspicious activities report, is that basically incumbent on sort of the bank teller or bank employee to be like, Hey, there's something fishy about this transaction and I'm going to report it up. Is that right? Exactly. Exactly. Okay. Um, and, um, you know, so interesting stat on, on suspicious activity reports, um, somewhere North of 2 million SARS get filed with Vincent every year. Um, uh, you know, again, curious for your, for your insider take on this mic, but, uh, you know, testimony, uh, presented to Congress is that FinCEN reviews less than 1 % of the SARS that are actually filed. Um, and, you know, and, and there are, you know, way more CTRs filed than SARS filed. So, you know, most of this information goes into, uh, you know, basically just a government database and sits there waiting to be queried. Um, and, uh, you know, but so, uh, these things keep getting added on to the BSA, right? So it, it grows over time and there was a huge expansion in scope. BSA bank secrecy act. And so there was a big expansion in scope, um, as part of the Patriot act, uh, after nine 11, uh, that added a lot of new types of information that had to be gathered and reported and, uh, new intermediary types that are responsible for gathering and reporting that information.
Bankless
A highlight from David's Takes: The Burning Man Network State
"Bankless nation welcome to David's takes where every single week I drop a take in the bankless newsletter And I read it to you here on the bankless podcast One take about once a week on something that I've been thinking about lately that I want to share with you all the bankless nation This week's take is a big take. This is one of the larger longer articles I've written in a while and it's because there's so much to say this week. We're talking about burning man Yep, this take is about understanding burning man through the crypto lens Burning man for crypto people if you will and maybe on the surface at a cursory glance. You're like WTF What does crypto have to do with burning man burning man isn't for me? I don't care about that. And if that's your response, that is totally fine this piece is not written to convince you to go to burning man or Become a burner or live anything like that life You are free to remain exclusively committed to whatever lifestyle that you already have yet nonetheless The burning man movement is worthy of your understanding There are lessons and knowledge to be gained here in understanding why burning man is a thing and what powers it Burning man and crypto are cut from the same cloth. We are parallel movements So if you never intend on going to burning man But you're still intellectually curious about what goes on there and want to learn about how to fit it into your pre -existing Models for understanding crypto then this piece is for you. So listen on strap yourself in But first I want to talk about some of these fantastic sponsors that make this show possible extra Thanks to Kraken our preferred exchange for crypto in 2023 whether you are dollar -cost averaging into crypto to prepare for the bull market Or you're taking profits out of crypto Be sure to do it with Kraken the newly designed Kraken Pro makes it super easy to do both your basic financial Transactions while also taking your trading to the next level Kraken Pro is truly the trading UX that you've always wanted So if your bull market archetype is the trader class you need Kraken Pro in your toolkit But if your character class is more of a DeFi journeyman or woman then MetaMask portfolio is the tool for you MetaMask portfolio is your DeFi multi -chain battle station any asset on any ethereum layer to MetaMask portfolio will present it to you So don't get caught for getting assets or missing opportunities Make sure you're prepared for the bull run by prepping your MetaMask portfolio moving on from tools You need to playing fields to play on the arbitrum layer 2 is one of the main arenas in which this bull market will be Fought on whether your character class is a DeFi DJ and airdrop hunter or healed seeker the arbitrum Colosseum is where a ton of the action is going to be So whether you're on arbitrum 1 for defying NFTs or arbitrum Nova for web 3 gaming or a new frontier on arbitrum using an arbitrum Orbit chain there are so many opportunities to sink your teeth into but as we know the ethereum roll -up centric roadmap produces all kinds of layer twos and mantle is one of the newest layer twos on the scene with some of The newest technology that ethereum layer twos has to offer in the year 2023 mantle is built using the op stack but uses eigen layers Data availability solution instead of the expensive ethereum layer one reducing gas fees by 80 % compared to other layer twos with billions of dollars standing By from bit down to invest in mantle Make sure you stay ahead of the game by building and growing your on -chain footprint on mantle Let's not forget about the ETH staking character class and stator makes it easy running a staking pool with stator just requires For ether for a deposit letting you charge a fee to the remaining 28 ether that uses your node to stake their ease Increasing your yield by 35 % stators staked ether token ETH X allows you to stake your ether and use it in DeFi at the same Time for all you DeFi swappers out there This one is for you.
Bankless
A highlight from 186 - The Blockchain Trilemma - ETH Vs SOL Vs ATOM with Mike Ippolito
"I live in America. I think America is, I know if people hate when Americans say this, I think it's the best country in the world. I love it, but I don't wish that it was the only country in the world. I'm really glad that there are other countries out there. And I think if everything became America, America would stop being America and it would actually be much worse. So I think there's real genuine value in having multiple different ecosystems with multiple different viewpoints. Variety's the spice of life. Welcome to Bankless, where we explore the frontier of internet money and internet finance. This is how to get started, how to get better and how to front run the opportunity. This is Ryan Chaun Adams. I'm here with David Hoffman and we're here to help you become more bankless. The topic today, convergent evolution. Are Ethereum, Solana and Cosmos, are they all building toward the same thing? Our episode with Mike Ippolito of Blockworks explores that. This is a well -researched challenge to, I think the traditional bankless thesis of this future of Ethereum dominance and value accrual. What are David and I missing from these non -Ethereum ecosystems? That's what we talked to Mike about today. There's some pushback on today's episode, a little bit of debate. All of this is handled in an adult manner that we hope will further everyone's understanding, unlike the Twitter battles that we see so often. A few takeaways for you from today's episode. Number one, Mike starts with the scalability trilemma. Remember that? There are three sides of the triangle and according to Mike, there are also three ecosystems that matter. Ethereum, Cosmos and Solana. We talk about why Mike thinks they might be converging all into the same thing. Number two, we talk about the role of validators in these ecosystems and the different definitions for decentralization in each of them as well. Number three, we talk about Cosmos app chains versus Ethereum superchains. What are the trade -offs? Who's gonna win? Which entities are going to capture all of the MEV? And most fun of all, I think, was the back and forth between Mike and the bankless thesis to date. David, I've got a lot to discuss with you in the debrief. So many thoughts, we'll get to those. David, why was this episode significant to you? One of my frames of understanding of this industry is that every single chain wants to dominate. Every single chain wants to eat up all the other chains and not everyone has agreed with that take. The take that eventually in the fullness of time in order to survive in crypto, you have to be the biggest chain. Mike actually agrees with that take and he's been exploring all three different rabbit holes, the Solana, the Cosmos, and the Ethereum rabbit hole. And he's come up with this understanding of the paths that each one of these ecosystems is trying to take to complete the blockchain trilemma that you said. Each one has its injection point in the trilemma and each ecosystem wants to complete the trilemma because each chain wants to dominate. And so I think understanding the Cosmos strategy, the Solana strategy, how it compares to what people are probably very familiar with on the Bankless podcast, the Ethereum strategy, and weighing the merits and cons of each I think will give us all a very deep understanding as to what is the current frontier of cryptoeconomic research. And so that's why I would say this episode is so significant is that it takes cryptoeconomics to its furthest depths in three different flavors and then brings them all back and compares and contrasts all of them. Can't wait to discuss this all with you in the debrief, David. That is available for Bankless citizens right now on the Bankless premium feed. So go check that out, a lot to discuss. But first we disclose nothing specific in today's episode. We're long ETH, we're long layer twos, but you already know that. We're long -term investors in general. We're not journalists, we don't do paid content. There's always a link to all Bankless disclosures in the show notes at bankless .com slash disclosures. All right, we're gonna get right to the episode with Mike. But before we do, we wanna thank the sponsors that made it possible, including our number one recommended exchange, Kraken. Go check him out. Kraken Pro has easily become the best crypto trading platform in the industry. The place I use to check the charts and the crypto prices, even when I'm not looking to place a trade. On Kraken Pro, you'll have access to advanced charting tools, real -time market data and lightning fast trade execution, all inside their spiffy new modular interface. Kraken's new customizable modular layout lets you tailor your trading experience to suit your needs. Pick and choose your favorite modules and place them anywhere you want in your screen. With Kraken Pro, you have that power. Whether you are a seasoned pro or just starting out, join thousands of traders who trust Kraken Pro for their crypto trading needs. Visit pro .kraken .com to get started today. Arbitrum is accelerating the Web3 landscape with a suite of secure Ethereum scaling solutions. Hundreds of projects have already deployed on Arbitrum One with flourishing DeFi and NFT ecosystems. Arbitrum Nova is quickly becoming a Web3 gaming hub and social dapps like Reddit are also calling Arbitrum home. And now, Arbitrum Orbit allows you to use Arbitrum's secure scaling technology to build your own layer three, giving you access to interoperable customizable permissions with dedicated throughput. Whether you are a developer, enterprise, or user, Arbitrum Orbit lets you take your project to new heights. All of these technologies leverage the security and decentralization of Ethereum and provide a builder experience that's intuitive, familiar, and fully EVM compatible. Faster transaction speeds and significantly lower gas fees. So visit arbitrum .io where you can join the community, dive into the developer docs, bridge your assets, and start building your first app with Arbitrum. Experience Web3 development the way it was always meant to be. Secure, fast, cheap, and friction -free. Mantle, formerly known as BitDAO, is the first DAO -led Web3 ecosystem, all built on top of Mantle's first core product, the Mantle network, a brand new, high -performance Ethereum layer two built using the OP stack but uses Eigenlayers data availability solution instead of the expensive Ethereum layer one. Not only does this reduce Mantle network's gas fees by 80%, but it also reduces gas fee volatility, providing a more stable foundation for Mantle's applications. The Mantle treasury is one of the biggest DAO -owned treasuries, which is seeding an ecosystem of projects from all around the Web3 space for Mantle. Mantle already has sub -communities from around Web3 onboarded, like game seven for Web3 gaming and Bybit for TVL and liquidity and on -ramps. So if you want to build on the Mantle network, Mantle is offering a grants program that provides milestone -based funding to promising projects that help expand, secure, and decentralize Mantle. If you want to get started working with the first DAO -led layer two ecosystem, check out Mantle at mantle .xyz and follow them on Twitter at 0xmantle. Bankless Nation, I would love to introduce you to Mike Ippolito, the co -founder of BlockWorks, a crypto -native media organization that we find very agreeable. Bankless and BlockWorks share a similar corner of crypto in which we are trying to reconstruct what trust media and news is like in this industry. Crypto is, of course, going to rebuild many new institutions and social structures, media being one of them, and we share that in common with Mike and BlockWorks here. But in addition to building BlockWorks, Mike is also the host of the Bell Curve podcast, where he explores very deep corners of the crypto rabbit hole and now I've been watching Mike explore some of these corners by our shared conferences that we go to and the podcasts that he produces. And so now that Mike has had a lot of time to let his ideas bake, we want to see what Mike has synthesized from his journeys across the crypto landscape. Three Frontiers, we're gonna focus on here on the Bankless show with Mike here today. The role of validators for their respective ecosystems, which is just another way to articulate what's Solana, what's Ethereum, and what's Cosmos, but specifically through the lens of how these individual ecosystems think about the role and service that their layer one validators provide to the ecosystem. That'll be the first rabbit hole. Second, role apps versus app chains, which is just basically layer twos versus Cosmos. What is the tension between these two domains? And then also, lastly, third, MEV value capture across this stack, specifically across the roll -up stack, where you have the roll -up SDKs, like the Optimism Super Chain, Arbitrum Orbits, Hyper Chains. Then we got roll -ups as a service provider, and we got bridges. Where is all this MEV and ultimately all the value capture going to land in this ecosystem? Mike, welcome to Bankless. How was that introduction? Is that aligned with what you want to get done here? That was excellent, David. I think agreeable is the nicest adjective you've ever given me, so thank you for saving that until I came on the podcast.
Bankless
A highlight from Scaling Ethereum To The Next Level with zkEVM
"Hey, Bankless Nation. I'm very excited about the episode today. David is out, and this episode gets technical at times, so I have ETH researcher, Justin Drake, whom I'm sure many of you know. He's co -hosting with me today. Some context as we get into this episode. So we did a previous episode a few weeks ago called The Sci -Fi Roadmap to Ethereum, and in that episode, Justin Drake described the end game for Ethereum, and he said this, we snarkify everything. In today's episode, we explore exactly what that means and how we do it. How do we snarkify everything? Our guest today is Brian Redford. He is the co -founder of what might be the world's first Type 1 ZK EVM, and if you don't know what that means, that's fine. Neither did I, as we're getting into this episode, and it turns out that building a Type 1 ZK EVM is an important part of delivering what Justin Drake called an enshrined roll -up inside of Ethereum. More on that in just a minute, but before we get in, just wanna mention something quick from our friends and sponsors over at Safe. Safe is the multisig wallet we recommend for crypto, and you've heard us talk about smart contract wallets many times, how they're gonna 10x the crypto wallet experience. We definitely believe that's true, and Safe recently proposed their modular open -source safe core protocol as a standard for the industry so that we can all move forward and transition to the smart contract wallet future, and they want you to check it out, so there's a link for the devs in the show notes. Safe really believes this is an opportunity to create a unified standard to smart catapult contract accounts onto the EVM. The standard itself is unopinionated and vendor agnostic and maintains interoperability and smart contract diversity, so go check it out. And also to check out, Safe is organizing the first ever conference dedicated to smart contract wallets and account abstraction. That happens the second week of December. There'll be a link in the show notes to go register for that as well. So thanks to Safe for building into the frontier. All right, speaking of the frontier, back to Ethereum enshrined rollups. So why are we having this conversation, and why now? The compute era is scaled with Moore's Law, but the blockchain era scales with something differently. It scales with cryptography, specifically cryptographic breakthroughs like zk -SNARKs, and all of this zk -SNARK stuff, the SNARKifying of the EVM, it's all happening a lot faster than any of us previously thought. It's happening so fast that a project called RISC0 just came on our radar last week, and they've already produced a working version of the world's first zk -SNARKified type one EVM. What kinds of things could this unlock in the future? Why is this important? Well, what if we could convert an optimistic rollup to a zk rollup? What if we could upgrade Ethereum's layer one from a single threaded EVM model to a multi -threaded EVMs, so that compute was virtually limitless and free? What if ETH validators themselves had the ability to run from something as small as a smartwatch? All of these are possible unlocks with this technology. This is crazy cool, deep stuff. Down the crypto rabbit hole we go, and it gets technical at times, but it's absolutely worth holding on for the ride. This is crazy cool stuff, and we're going deep down the rabbit hole today, and this gets technical at times, but I think it's absolutely worth it to hold on for the ride, because this is key to understanding how blockchains actually work and how they scale. And in so understanding, I think this type of thing can help you avoid bad investments and dead ends, and there are a lot of those out in the space as well. We're gonna get right to the episode with Brian and Justin, but before we do, I wanna thank the sponsors that made this possible, including our number one recommended crypto exchange for 2023, Kraken, go check them out. Kraken Pro has easily become the best crypto trading platform in the industry, the place I use to check the charts and the crypto prices, even when I'm not looking to place a trade. On Kraken Pro, you'll have access to advanced charting tools, real -time market data, and lightning fast trade execution, all inside their spiffy new modular interface. Kraken's new customizable modular layout lets you tailor your trading experience to suit your needs. Pick and choose your favorite modules and place them anywhere you want in your screen. With Kraken Pro, you have that power. Whether you are a seasoned pro or just starting out, join thousands of traders who trust Kraken Pro for their crypto trading needs. Visit pro .kraken .com to get started today. Mantle, formerly known as BitDAO, is the first DAO -led web3 ecosystem, all built on top of Mantle's first core product, the Mantle network, a brand new, high -performance Ethereum layer 2, built using the OP stack, but uses Eigenlayer's data availability solution instead of the expensive Ethereum layer 1. Not only does this reduce Mantle network's gas fees by 80%, but it also reduces gas fee volatility, providing a more stable foundation for Mantle's applications. The Mantle treasury is one of the biggest DAO -owned treasuries, which is seeding an ecosystem of projects from all around the web3 space for Mantle. Mantle already has sub -communities from around web3 onboarded, like Game7 for web3 gaming, and Bybit for TVL and liquidity and on -ramps. So if you want to build on the Mantle network, Mantle is offering a grants program that provides milestone -based funding to promising projects that help expand, secure, and decentralize Mantle. If you want to get started working with the first DAO -led layer 2 ecosystem, check out Mantle at mantle .xyz and follow them on Twitter, at 0xmantle. Arbitrum is accelerating the web3 landscape with a suite of secure Ethereum scaling solutions. Hundreds of projects have already deployed on Arbitrum 1, with flourishing DeFi and NFT ecosystems. Arbitrum Nova is quickly becoming a web3 gaming hub and social dapps like Reddit are also calling Arbitrum home. And now, Arbitrum Orbit allows you to use Arbitrum's secure scaling technology to build your own layer 3, giving you access to interoperable, customizable permissions with dedicated throughput. Whether you are a developer, enterprise, or user, Arbitrum Orbit lets you take your project to new heights. All of these technologies leverage the security and decentralization of Ethereum and provide a builder experience that's intuitive, familiar, and fully EVM compatible. Faster transaction speeds and significantly lower gas needs. So visit arbitrum .io, where you can join the community, dive into the developer docs, bridge your assets, and start building your first app with Arbitrum. Experience web3 development the way it was always meant to be. Secure, fast, cheap, and friction -free. Bankless Nation, I am super excited to introduce you to Brian Redford. He's the co -founder of a ZK EVM project that we're gonna find out a bit more about on today's episode called Risk Zero. Brian, welcome to Bankless. Thanks, glad to be here. Also excited to be joined yet again on Bankless by Justin Drake, he's an Ethereum researcher and repeat Bankless guest. Justin, how you doing? I'm doing great, thanks for having me again. But I guess this time, maybe as a host asking some technical questions. Yeah, how's it feel? The tables have turned. So Justin, I'm gonna tap you in as my co -host today. So David is out and we're gonna talk about the next generation ZK EVMs. So I think we're talking to Brian about the world's first maybe ZK EVM. That's a type one ZK EVM. And I'm not even sure the words that I'm saying or what they mean. So we'll absolutely need to define that. But David's out right now. So Justin, you're gonna tap in and help me with this. I feel like this is a continuation though of a conversation that you had with him on ETHCC. And I think Bankless listeners may have listened to an episode entitled Ethereum's sci -fi roadmap or the sci -fi roadmap to Ethereum in which there was this really interesting part. And I love that episode, by the way, where you were describing the ability of us in the future of Ethereum to snarkify the EVM on kind of main net, on the base layer. And that sounded really interesting to me. And I think that ties into the conversation that we're about to have. So tee this up for us, if you will, Justin, as a continuation on that conversation. I know we're talking about sci -fi Ethereum future stuff, but what does it mean to snarkify the EVM? And how does that tie into the conversation we're about to have with Brian today? Right, so big picture, we're actually going to snarkify all of Ethereum. And there's two big components that need to be snarkified. One is the EVM, which is this virtual machine which processes Ethereum transactions. And then the other part is the beacon chain. Now, once we've snarkified these two things, we'll be in a position where compute won't ever be a bottleneck for Ethereum. So it means that, for example, as a validator, you won't have to really have beefy CPUs. So you'll be able to be a validator on your smartwatch. If you're building bridges between L1s, you'll be able to have another L1, verify the state of Ethereum without having to redo all the computations themselves. It also has implications for light clients, for what we call enshrine roll -ups, which are super high security roll -ups.
Bankless
A highlight from Is friend.tech Good or Evil?
"ICOs, oof, not great. Like NFT mints, oof, not great. But we have to remember that like that part of the market cycle for financial assets exists before and after crypto. And the reason why we don't see it in the traditional world is because by the time a traditional equity IPO is on the stock market, all of that speculation by early VCs, the first round of financing, the second round of financing, that's not available to the general public. And so this is the naked truth of markets. And now it's public and the public is reacting to it. Is friend .tech good or bad? That's the conversation David and I want to have today. This is a special episode, I think an opinion episode, getting into some controversy here. Friend .tech, this is an app that has dominated the crypto landscape for the last two weeks, kind of exploded on the scene. And now it's breaking out into mainstream audiences. These are non -crypto audiences. So should we pat ourselves on the back? Is this a moment for victory lap and congratulations? Or do we need to take a moment to more carefully reflect on the consequences of this new financialized social application? Some questions we're asking today. Is friend .tech good or bad? Are financialization and Ponzi games all that crypto can really give to the world? Is any of this even a correct conclusion? Or maybe we're just moralizing this whole crypto thing too much. These are the conversations I want to have with you today, David. What are your thoughts going to this episode? Why are we even doing it? I think on the surface level, friends .tech, friend .tech is a fun game for crypto influencers and their followers to all kind of play together. And I think simultaneously, while that shenanigans is happening, there's another conversation brewing as to like, what are the deeper consequences of an mainstream world? Is this the crypto dream? Is this what it means to be a crypto person? I don't think a lot of people are here for that mission or that future. And so I think we also need to also define the concerns that people are having about what are the values basically embedded into an application like friend .tech. And we can't seem to as a crypto industry create too much other than some form of financialization of things that already exist, like social media apps. And so is this all that we have to give? Is this what we have for the world is, hey, here is your Web 2 and Web 3 is Web 2, but now with finance, is that really it? Is that and is that what we want? And is that good? I think there's a lot of different little nuances to unpack. And so that's what we're going to do here on this episode. Yeah, I think there's a good opportunity to figure out what we really care about and why we're here and any excuse to do that. We take it on bankless. So, guys, that's what you're in for today. Before we get to the episode, we want to thank the sponsors that made this possible, including our recommended exchange for 2023, Kraken. Go check them out. Kraken Pro has easily become the best crypto trading platform in the industry, the place I use to check the charts and the crypto prices, even when I'm not looking to place a trade. On Kraken Pro, you'll have access to advanced charting tools, real time market data and lightning fast trade execution all inside their spiffy new modular interface. Kraken new modular customizable layout lets you tailor your trading experience to suit your needs. Pick and choose your favorite modules and place them anywhere you want in your screen. With Kraken Pro, you have that power. Whether you are a seasoned pro or just starting out, join thousands of traders who trust Kraken Pro for their crypto trading needs. Visit pro .kraken .com to get started today. Mantle, formerly known as Bitdao, is the first Dow led Web3 ecosystem, all built on top of Mantle's first core product, the Mantle network, a brand new high performance Ethereum layer two built using the OP stack, but uses Eigen layers data availability solution instead of the expensive Ethereum layer one. Not only does this reduce Mantle network's gas fees by 80%, but it also reduces gas fee volatility, providing a more stable foundation for Mantle's applications. The Mantle treasury is one of the biggest Dow owned treasuries, which is seeding an ecosystem of projects from all around the Web3 space for Mantle. Mantle already has sub communities from around Web3 onboarded, like game seven for Web3 gaming and Bybit for TVL and liquidity and so if you want to build on the Mantle network, Mantle is offering a grants program that provides milestone based funding to promising projects that help expand, secure and decentralize Mantle. If you want to get started working with the first Dow led layer two ecosystem, check out Mantle at mantle .xyz and follow them on Twitter at zero x mantle. Arbitrum is accelerating the Web3 landscape with a suite of secure Ethereum scaling solutions. Hundreds of projects have already deployed on Arbitrum one with flourishing DeFi and NFT ecosystems. Arbitrum Nova is quickly becoming a Web3 gaming hub and social dapps like Reddit are also calling Arbitrum home. And now Arbitrum Orbit allows you to use Arbitrum's secure scaling technology to build your own layer three, giving you access to interoperable customizable permissions with dedicated throughput. Whether you are a developer, enterprise or user, Arbitrum Orbit lets you take your project to new heights. All of these technologies leverage the security and decentralization of Ethereum and provide a builder experience that's intuitive, familiar and fully EVM compatible, faster transaction speeds and significantly lower gas fees. So visit arbitrum .io where you can join the community, dive into the developer docs, bridge your assets and start building your first app with Arbitrum. Experience Web3 development the way it was always meant to be. Secure, fast, cheap and friction free. I put the question is friend .tech good or bad for crypto out on crypto native. And I was actually really surprised at what the results were. So good, that option got 53%. Bad got 47%. Let me ask you before we continue this episode, were you surprised by results like these? Certainly. Yeah, I was ready for a good to mostly dominate the fact that we were basically at 50 50. I was surprised as to how many friend defectors there are out there, friend naysayers. Yeah. And I will say on Bankless the last couple of weeks, we've been pretty favorable about it. It seems like a new proof of concept application. So this is an alternative opinion I think we need to hear. This is Anthony Sasano replying to this tweet. He says, I haven't seen crypto Twitter this divided on something in a while. And I think he's right. There are a lot of haters out there of this entire friend .tech experiment. And that's important to go into. David, before we talk about the controversy and the pros and cons of this particular application, maybe we should spend a minute actually defining what this thing is. So this is what we might call a social fly. That's been a term going around lately as a sort of a new narrative, but it's like a social Ponzi game on the layer two base. And notice, by the way, I said Ponzi game, which is very distinct from a Ponzi scheme to us and how we've long used this term. A Ponzi game is completely transparent. You kind of know what you're getting into. I would say in some ways, Bitcoin is a bit of a Ponzi game. Something like Ethereum, Ether, the asset is a bit of a Ponzi game. I even think the dollar Fiat is a bit of a Ponzi game. It's something that gets its value from narrative beliefs. So don't be distracted by our use of the term Ponzi game, but it's a very distracting term, specifically the game element implies a scheme is a scheme and a game is a game. A Ponzi scheme implies as a central operator who has differing incentives. And a Ponzi game is simply referencing the fact that in order for this to be successful, we need to have a constant inflow of new people in order for this to work. New believers. New believers. Yes. And I actually don't want to necessarily ascribe like whether or not something is a Ponzi game is a very deep and long conversation. And I think long time bankless listeners who have perhaps listened to every single bank this episode will understand the nuances that come with that term. It has got a very negative connotation and we actually are using it in a very neutral way, I would say. And so I think part of the world of money and finance, like the dollar, it's a piece of paper and people are paying money for it. It's a Ponzi game in the sense that it's almost synonymous. A Ponzi game is almost synonymous with finance. And so I don't Ponzi. It's just like when you go very deep and understand the world of money and finance, you understand that, well, everything is a story and everything is kind of a Ponzi. And what is the dollar? Well, it's a Ponzi that doesn't pop. And so there's a lot of connotation baked into this Ponzi word. I don't want to get distracted by that. Yeah. So I probably shouldn't have led with this loaded term if you're not familiar with all of that background. So let me maybe restart that. This is a social game of sorts on crypto. Social financialization game. Yeah.
Bankless
A highlight from David's Take: This is the Last Cycle
"Welcome, Bankless Nation, to Davis Takes, where every single week I drop a take in the Bankless newsletter and I read it to you here on the Bankless podcast. Last week I wrote about my big takeaways from ECC and all the industry themes that I identified from attending the talks, meeting with others, and overall just integrating the knowledge that is shared at these events. If you missed that episode, definitely go back and listen to it because the information there I think will help you navigate the next meta of crypto that we are seemingly soon to be embarking upon. This week I continue that exploration of industry themes and progression in a very boldly title. This is The Last Cycle, in which the title itself caused a bunch of controversy on crypto Twitter almost exclusively from people who didn't actually read the article. But how could I blame them for not reading the article because if people actually did read articles in this industry, then I wouldn't need to read them aloud on the podcast. I say right in the introduction, quote, the next crypto cycle is going to be the last one, end quote, is kind of a meme statement in crypto land. It's been stated before, and I don't mean to make a clear, convicted prediction about this. I'm simply connecting some dots across the crypto landscape that point towards a new phase of crypto after this bear market is concluded. If you look closely, there are a handful of signs pointing towards crypto entering its last market cycle before finally exiting its developmental phase and entering its long term era of maturity, stability and growth. This is the subject of this week's take. But first, before I read you my take, a moment to talk about some of these fantastic sponsors that make this show possible. Extra thanks to Kraken, our preferred exchange for crypto in 2023. Whether you are dollar cost averaging into crypto to prepare for the bull market or you're taking profits out of crypto, be sure to do it with Kraken. The newly designed Kraken Pro makes it super easy to do both your basic financial transactions while also taking your trading to the next level. Kraken Pro is truly the trading UX that you've always wanted. So if your bull market archetype is the trader class, you need Kraken Pro in your toolkit. But if your character class is more of a DeFi journeyman or woman, then MetaMask Portfolio is the tool for you. MetaMask Portfolio is your DeFi multi -chain battle station. Any asset on any Ethereum layer 2, MetaMask Portfolio will present it to you. So don't get caught forgetting assets or missing opportunities. Make sure you're prepared for the bull run by prepping your MetaMask Portfolio. Moving on from tools you need to playing fields to play on, the Arbitrum layer 2 is one of the main arenas in which this bull market will be fought on. Whether your character class is a DeFi degen, airdrop hunter, or healed seeker, the Arbitrum Coliseum is where a ton of the action is going to be. So whether you're on Arbitrum 1 for DeFi and NFTs or Arbitrum Nova for Web3 Gaming or a new Frontier on Arbitrum using an Arbitrum orbit chain, there are so many opportunities to sink your teeth into. But as we know, the Ethereum roll -up centric roadmap produces all kinds of layer 2s. And Mantle is one of the newest layer 2s on the scene with some of the newest technology that Ethereum layer 2s has to offer in the year 2023. Mantle is built using the OP stack but uses Eigenlayers data availability solution instead of the expensive Ethereum layer 1, reducing gas fees by 80 % compared to other layer 2s. With billions of dollars standing by from Bitdow to invest in Mantle, make sure you stay ahead of the game by building and growing your on -chain footprint on Mantle. Let's not forget about the ETH staking character class and Stater makes it easy. Running a staking pool with Stater just requires 4 ETH for a deposit, letting you charge a fee to the remaining 28 ETH that uses your node to stake their ETH, increasing your yield by 35%. Stater's staked ETH token ETHX allows you to stake your ETH and use it in DeFi at the same time. For all you DeFi swappers out there, this one is for you. UniswapX has opened up a brand new landscape to play in and it's the world of intents. This is where those who employ the swapping ability get to team up with the evil MEV bot army and they get to band together to discover the most efficient liquidity route through the Ethereum landscape. Gas -free swaps, MEV protection, and theoretically optimal pricing. When swappers and MEVers come together, new metas happen and it's thanks to UniswapX. So the next time you trade on Uniswap, consider clicking the UniswapX button to get your MEV protection. And so, if we're truly entering a bull market phase in crypto, which we totally are, then tokens are going to start flying all over the place. So if you're an organization looking to grow with token incentives, then look no further than Toku. If you want to distribute tokens to your employees, team members, or for payroll, Toku can help you comply with labor laws, tax obligations, and reporting for whatever country you employ someone. Crypto is entering its regulated era and Toku can help you achieve your token incentive award goals with compliance. So thank you to all the sponsors that support Bankless and all the podcast editors, newsletter writers, and operations managers who make the Bankless organization the best that we can be. We truly appreciate your support. And for all the listeners out there who listen to the mountains of content that we turn out each week, especially this one right here. So let's go on to the show. I hope you are ready to hear about why I think that this might be the last cycle that crypto ever produces. And the first reason, the first rationale I have is about the regulatory and institutional approval climate in crypto right now. Crypto is going through its largest regulatory battles ever. Indeed, this has always been inevitable. As an industry based around money and finance, we cannot simply just waltz into mainstream acceptance without going through the trials of regulatory acceptance. In order for the biggest players to be able to play in Web3, they need assurances that the nation state and its monopoly on violence actually allows them to do so. Becoming mainstream means that crypto makes it through these regulatory trials. But don't be scared. Crypto wins no matter what. All we have to do is wait until the hazing is over and it can only last for so long.
Tech Path Crypto
A highlight from 1223. $5 Helium Mobile Launch on Solana! INTERVIEW
"All right so today we're gonna dive into maybe some things I think you'll like around mobile and Web3 and you've probably heard us talk a little bit more about Helium Mobile over a variety of different shows. We're gonna break down a little bit more of detail around where Helium Mobile is today. This will be a good one. My name is Paul Baron. Welcome back in a Tech Path. Joining me from Helium Mobile, also Nova Labs, is Rachel Kimberling who is the Product Manager over there. Great to have you. Great to be here. All right so Rachel we've been covering the Helium Mobile project. We've had several of the Helium team on our show in many capacities and all things IoT and all that good stuff. So we're really excited to have you on to talk about mobile in general and some of the key things that you guys are doing. First of all can you give us kind of a update of where Helium Mobile is today? Sure so Helium Mobile just launched to GA launch last week so we're fresh out of beta as of last Tuesday and we are starting our GA off in Miami. So anyone in Miami can join the service. It's only five dollars a month for an unlimited talk text and data plan and then we're All right so Miami kind of a launch city. You've got this rolling out. When you look at just beta users right now on the platform what does that look like in terms of size currently? I don't have any numbers I can provide in like a specific sense but we're pretty happy with the growth right now and then just to clarify we're actually out of beta. So we started beta a couple months ago in early May and ran kind of a closed beta and then it is officially over as of last week so we're welcoming subscribers in for the full featured service and we'll continue to roll out other things but beta technically is final. Very cool. All right so we're showing kind of a coverage map right there as an example. Again for those who are not aware of Helium Mobile talk to us a little bit about how the technology works. I know there's a lot of relationship here obviously with T -Mobile but explain kind of the the interlocking of how this works for mobile and cellular service. Sure I'm just gonna kind of give you a rundown of what Helium Mobile really is offering subscribers overall and then we can kind of dive into the coverage aspect a little bit as well. So it really is a radically new type of carrier and it offers subscribers the ability to earn rewards, has a next -level privacy element and then of course has the ability to connect users to coverage built by people like you. And so that's really where the kind of dynamic coverage aspect of it comes in. The relationship between T -Mobile's nationwide 5G network and the Helium Mobile network as well. All right so I look at this and I think about you know the kind of devices we'll talk about some devices here in a second. Obviously Solana has the saga phone out we've had that you know and broken that down here on the show before. What do you guys see in terms of traditional mobile devices versus kind of the web 3 friendly devices as you know the take up in terms of the network itself? Are you seeing more web 3 focused devices or are you just getting a mix of everything? Definitely a mix of everything. I kind of what you would expect you see you know iPhone users, you see Samsung users, a variety of Android users and then you know saga is kind of included in there. We are running a partnership with Solana Mobile so saga users get 30 days of Helium Mobile service completely free of charge and then of course they'll also be included in that $5 unlimited plan as well. So regardless of whether they're in the Miami County Miami -Dade County area or not then saga users join but we're really excited about the partnership with saga and I mean we just think it's a good thing and I'm sure you'll agree that these different web 3 projects work together. Yeah for sure okay so we're actually our studios are here in in the Miami area so it'll be interesting to kind of see how this this rollout goes for you guys. Additionally when you look at just the carriers and you know there's a variety of carriers everybody is out there kind of has their own thing going and whether you're a T -Mobile customer or you're an AT &T or whatever how does this work with the ability to move outside of the of these mobile of these we'll call them the Helium Mobile markets how does that work with other carriers you might be kind of riding on some other carriers you know system how does that work with you guys? Yeah it actually it works pretty similarly so I would say the big differentiator for us or you look at a lot of other lower cost carriers like Mint Mobile for example they are running on the T -Mobile network and our users also do experience T -Mobile's nationwide 5G network when they're not within range of Helium Mobile network coverage but our goal here really is to grow that coverage so that we can provide a viable lower cost alternative to this market rather than solely relying on one of the three larger networks so really a viable alternative path for more affordable connectivity that's sustainable.
Unchained
A highlight from SBF Behind Bars: Why Revoked Bail Is a Big Deal for Cryptos Biggest Trial - Ep. 533
"In my experience, some defendants, some clients, when they're open in prison, they'll retain. They really want or are more interested in pleading. Hi everyone, welcome to Unchained, your no -hype resource for all things crypto. I'm your host, Laura Shin, author of The Cryptopians. I started covering crypto eight years ago, and as a senior editor at Forbes, was the first mainstream media reporter to cover cryptocurrency full -time. This is the August 18th, 2023 episode of Unchained. Arbitrum's leading Layer 2 scaling solution offers you ultra -cheap and lightning -fast transactions, all with security rooted on Ethereum. Visit arbitrum .io today. Today's episode is brought to you by Overtime Markets, your premier Web3 sportsbook. The innovative protocol is changing the game one match at a time. Powered by Thales, explore more at OvertimeMarkets .xyz. With the Crypto .com app, you can buy, trade, and spend crypto in one place. Download and get $25 with the code LAURA. Link in the description. If you've been enjoying Unchained and find the discussions here fascinating, mind -blowing, or as crypto tends to be, downright bonkers, please share this episode with a friend to keep the conversation going. Today's guest is Brian Klein, partner at Waymaker. Welcome, Brian. Thanks for including me and having me on the show, Laura. I'm a big fan, and I've listened to many of them. Excited to have you. Former FTX CEO Sam Bankman -Fried had his bail revoked, and he got sent back to jail last week. What appears to have tipped things over the edge was that he leaked parts of Caroline Ellison's diaries to the New York Times. And Judge Lewis Kaplan said when he revoked the bail that he believed SBF had likely intended to get two witnesses to back off and not cooperate as fully with the government, Caroline Ellison being one of them. Do you agree with the judge's decision on this, and do you agree that those were likely Sam's intentions? Well, I think the defense has said those weren't Sam's intentions, and obviously the government took a different view and the judge agreed with the government. Judges do take that very seriously. Usually a condition of release for any defendant is you not contact any of the other witnesses in the case, and that you'd not try to do things. And just a general precept of that is you not try to do anything that would intimidate them from coming forward and testifying, especially when they've been identified. And there you're referring to how we contacted the former general counsel via text message, kind of implying that you should try to be on the same team. Is that what you're referring to? Well, I think that can be one thing, contacting somebody directly. There may be reasons you would contact someone, though. For example, you may still have business dealings or other things. Sometimes you will clear that through your lawyer or even through the court and have a carve out. That wasn't done from what I know in this case. And as for the Karen Ellison situation, I mean, what's been reported is he had a meeting with a New York Times reporter at his house or his parents' house and provided his diary to the reporter. And the story came out and it was somewhat salacious. And I think the judge and the government felt that that was a way to try to get her to back off from wanting to testify, bullying truthfully at this trial. She is an expected witness, one of the government's key witnesses, from what we know. And I think there have been a number of other incidents that had gotten the court's attention about Sam when he's been out. And so I don't think people were surprised that he was detained. I think most people I've talked to were surprised he wasn't detained from the start. And so now that he's detained, though, that really does change a lot of the dynamics or preparation for trial. And it does make it much tougher on the defense to prepare for trial. And just a quick point. I think at the time of his extradition from the Bahamas, there was speculation that the reason he was released on bail was that he had made it a condition of his extradition. Do you think that theory holds water? Oh, yeah, it's very possible. A lot of times when a client is being extradited, if they agree to waive extradition, which is what happened here. So he stopped his fight in the Bahamas and said, I will come back. That often is something that the defense will try to negotiate with the government because it is important for a defense lawyer to have full access to their client and just having your client available to answer the phone, meet with you, respond to emails, look at all the discovery. It's just a thousand times easier when they're out and at a residence or somewhere that you can quickly do that with them. Now, Sam is in detention. He's in jail and he was much more limited access. So it's just a much harder preparation for trial, much harder for the defense to work with their client. And his side has appealed his detention. How likely do you think it is that they'll prevail? I don't think it's likely. I think it's a tough road for them. I understand why they would appeal and they filed it. We haven't seen the briefings yet, so maybe there are arguments I'm not aware of. Judge Kaplan is a very well respected member of the bench here in the Southern District of New York, a very seasoned judge. I haven't read the transcript of that hearing, but I'm sure he documented his reasons very well and is given a lot of discretion under the rules. So I think it's unlikely that it would be changed. Again, judges are given a lot of discretion in this area of the law. So walk me through now what it is like when the defendant's side is preparing for trial under conditions similar to what he had at his parents' home under bail versus what it will look like now that he's in Metropolitan Detention Center in Brooklyn. Sure. So when someone's out, I mean, they may be restricted in terms of where they can go otherwise, but they're always given access to their lawyers. That's one of the almost always a carve out is that they can go to meet with their lawyer. They can get on the phone with their lawyer. Usually you're given the ability to email with your lawyer, sometimes not hanging on the crime or the alleged crime. And so that depends, but it's just like anything else. You can pick up the phone and call your client and talk through an issue or you can invite your client in, or you can go meet with your client and look at documents together. And it's just, there's no set times or hours you can do that. Once someone's been detained, those facilities have lots of other people there. They have their rules about when you can come, they have lengths of stay, you can stay. In entry, you could probably show up in the morning and stay a long time, especially in the lead up to trial, but you're bringing documents in and out. Your client is now detained. Sometimes there is a lockdown at the facility. No one can get in or get out. Sometimes, you know, there's some other incident that makes it hard to see your client. And so it's just a much more restricted interaction and it makes things a lot more difficult. You can't just do things on the fly. You have to really sort of plan more ahead. Again, it's not impossible. Many people are detained and prepared for trial with their lawyers and it's affected, but it just is a hurdle that defense lawyers really don't like to have. They don't have to, of course. And you know, it affects the client, it affects the defendant. I mean, he is now getting, he had some, he was detained a little bit in the Bahamas for a short period of time. Now he's going to be detained leading up to trial. A lot of prosecutors view that as a favorable thing. A lot of times, I think it's sometimes more likely that the defendant will choose to plead guilty once they've been detained for a number of reasons. So it's just overall, it's an advantage to the government and a disadvantage to the defense when someone is detained. And just a quick question. Earlier when you said that the defense lawyers will have to bring documents in and out, do you mean that they can't just go over things on a laptop together, but they have to literally print out physical documents and bring those in? You can get permission to bring a laptop in. It has to be usually a laptop that just has those documents on them. And so it's just more cumbersome overall. And the client, the defendant can keep documents in their cell. They are usually given a box and it's marked attorney -client approach or something like that. It depends on the jail. So there is a way to do things. And for them to hold documents or view them on their own, it's just more cumbersome. You know, they can't just come to your office and go work in a conference room and have lots of boxes of documents around them and be shuffling through them and looking through them with you. You know, these rooms typically where you meet them are small, very small conference rooms, not comfortable. The lighting isn't great. You know, this is a jail, right? It's not designed for comfort or for ease of meetings. The jails take their mission seriously in my experience of giving the lawyers access. You get more access than just the, his parents will get to him. Again, it is a burden and it wouldn't surprise me. I'm not saying this will happen, but it wouldn't surprise me if the offense asks for continuance of the trial date based on this. It may be that Sam does not want a continuance because he's there and he wants to get the trial as soon as possible, but the additional burden may mean there is a request for a continuance. Which means a delay in the start date of the trial? Yes, possible. This will lead to a request for that. The signs do not point to that right now, to be clear, but that is possible. And you also said that in this type of situation, the defendant is more likely to plead guilty. What do you think the odds are of that? Sometimes the defendant is more likely to plead guilty. But yes, I think, I think in this case, the odds are not high. I mean, this case has been litigated for months now. The charges are serious and extensive. There's been no indication that there are plea discussions. Every side has been filing motions, doing the things you would do as if you're really preparing for trial, not engaging in plea discussions. I'm confident just because I know how the process works. In any case, there is at least some back and forth about the possibility of a plea, whether the defense asks about it or the government just says, hey, if your guy's interested, here's what it would look like. So that probably happened at some point. But whether there's ongoing discussions, I don't know. It's just in my experience, some defendants, some clients, when they're open in prison, they're written tain. They really want or are more interested in pleading. Part of that is because the jails typically are much, you're in a mixed population with lots of other defendants, both people accused of violent crimes and nonviolent crimes. Whereas if you're a white -collar defendant and you plead guilty, oftentimes you'll get sent to a camp, which is a much more humane facility, much more comfortable, not saying it's comfortable, but more comfortable. And you're usually only in with non -violently accused defendants. So you're not with like violent drug dealers, for example, or if you're at a camp, typically. So your fellow prisoners are more like you if you're a white -collar defendant. And so usually people, when they're out, they're not dealing with that sort of situation. Sam was at his parents' home, which is presumably a comfortable, nice house in the Bay Area. Now he's sharing a prison cell or maybe by himself because he's a high -profile defendant, but he's in an uncomfortable prison cell. In a moment, we're going to talk about why it is that Sam didn't just plead guilty. But first, a quick word from the sponsors who make this show possible. Overtime Markets is your premier Web3 sportsbook. Overtime is an industry -leading Web3 protocol where users can immerse themselves in the thrilling world of sports. Leveraging the benefits of decentralization and blockchain technology, Overtime leads the charge in innovation, all the while offering fans juicy token rewards for sports events. Overtime supports over 40 leagues and utilizes advanced smart contracts to ensure a seamless user experience. Discover the future of sports trading at OvertimeMarkets .xyz. Arbitrum stands at the forefront of innovation as the premier suite of Layer 2 scaling solutions, bringing you lightning -fast transactions at a fraction of the cost, all with security rooted on Ethereum. From DeFi to gaming, Arbitrum 1 plus Nova is home to over 500 projects. And with the recent launch of Orbit, Arbitrum welcomes you to build your very own tailor -made Layer 3, or an Orbit chain. Propel your project and community forward by visiting arbitrum .io today. Back to my conversation with Brian. Sam is facing a trial in which three of his co -conspirators have already pleaded guilty. And as you mentioned, there are, like, numerous reasons why somebody in his position might do that. But why do you think he hasn't? You know, I'd be guessing like anybody, of course. I think there's a number of factors probably at play. One is, I suspect that the prosecutors, to the extent they offered a plea offering, they're not required to, to be clear. There's no obligation to engage in plea discussions. There's no legal requirement that there be a plea offered. Sam could always walk in any day and plead guilty to any of the charges. He's obviously pled not guilty. But if the prosecutors have made an offer, and I suspect they have, it's probably for extensive prison time. I would guess 25, 30 years or more, you know, they're seeking if he's going to plead based on the allegations of the loss here, which are, you know, billions in the scope of the number of victims, alleged victims and everything. So, victims alleging the indictment. I suspect for whatever reason, you know, based on his own counsel with his lawyers and probably with his parents, he is not willing to consider that at this time. Now, again, his mind could change at any point, and he may ultimately choose to plead. But I think the moment for him to plead and get the most credit for it was early on, at that point, he could have pleaded. He could have cooperated in a sense with the receiver and done lots of things like, they would love to pick his brain and figure out what happened here and what all these accounts mean and everything, right? You can imagine, right? And so, the three who did, we understand are cooperating and they will get credit for that. Presumably, we have a judge who will sentence them, but he's chosen not to. So, you know, I guess if you watch his media interviews, they'll lead up to the charges. I don't think it's that surprising that he hasn't chosen to plead, because the way he talked about what happened, the way he's presented himself publicly, both before his arrest and since his arrest, does not give any indication that this person is someone who is inclined to plead guilty. Both sides filed motions in limine on Monday. Can you explain what that means and then also give an overview of what each side said? Sure. So, there's really two sets of motions typically in federal court in a criminal case. One set of motions is early on in the case where a defense might move to dismiss a case or suppress evidence. Call those substantive motions in a sense, and that happened here, right? The defense moved to dismiss the charges, the judge denied it. And that's over. Now, you're at the next phase of the case where you're getting ready for trial. In a trial, there's obviously a lot of things happening. Witnesses get up to testify, exhibits are being put into evidence. And so, both sides have sort of started to think about the trial, what it would look like, and they are telling the judge through their motions, hey, the other side shouldn't be allowed to make these arguments or introduce this evidence, or we want to make these arguments and introduce this evidence and you should let us do that. And they were looking at the rules of evidence typically, which govern that. And so, judges want this, they want these issues fleshed out before the trial started so that they get a sense of what the issues are and if possible, they rule on them because it allows a trial to proceed in the orderly of fashion as possible. And the way I think about it is like, if you look at a trial, it's not a perfect analogy, but it's like a play or a show, right? You want to know like kind of the framework of like, okay, how many characters are there and what are the props, right? And that's kind of what this is. Who can get up on stage and talk and what props can they use? And you want to know that before you start to play. You don't want it free for all when the play starts where everyone's just grabbing props in the back, trying to put them on the stage. And the stage manager, in this case, the judge, or the director, will be like, no, that shouldn't be out there. So, not the best analogy, but I think that sort of is what's happening here. One thing to keep in mind is judges often reserve rules. So, it's very often that you'll file motions and eliminate, and the judge will, with all of them or most of them, say, okay, I hear your issue, but let's see what happens at trial. Like, let's see if that really happens. Let's see what the government says, or let's see what the defense really does. Like, we need to see it play out a little bit. It's premature. That's a very common judge response to motions in the way. Now, some issues they will want to decide in advance. There might be some exhibits or some witnesses that are so provocative or incendiary that if even just allow it to come into play, would just, you know, cause a lot of problems later if they, if the prosecutor, like, mentioned it in their opening argument and said, we're going to introduce this evidence. And then later the judge excluded it. That could be a real issue, both for the government, maybe for the jury, and creating an appellate issue. So, judges do want to see this. They filed, both sides filed extensive motions, not surprisingly in this case. It's a broad case with a lot of evidence. So, both sides have filed those. They filed those earlier this week, the same day the latest indictment was filed. And the judge will then, with his clerks, review those motions, usually set up a hearing date and make decisions. I suspect some will be deferred, some will be decided on. Some of the ones that I noticed the government said were, hey, these are based on charges that have been removed from this particular trial, but we want to submit these types of evidence that are related to those anyway. They were around, like, political donations, straw donors, like foreign bribery. Do you think that will be allowed? I think it depends. I think that was one the judge made punt on a little bit. So, I think what the government did because of what happened in the Bahamas is we know they removed some of the charges, right? They dropped some of them. But now, in their latest indictment, they've angled with like, well, part of the motive or the reason he did this is so they have this money so he can do these things. So, motive in why someone committed, why you think someone committed a crime, is you're allowed to put into evidences across here, right? You needed the money to finance your high lifestyle. You need the money for whatever reason, or you need it to do this for whatever. So, motive is always permitted to come into play. The scope of how much motive you can get into and how much you can tie it back to the actual alleged offenses is in question here. I suspect the judge will let that be. He may limit it. He doesn't want what we call a trial within a trial, right? So, he's one of the trial to focus on the charged counts, not on counts that aren't charged. But typically, putting in motive is allowed, and I suspect he will permit that to come up. Maybe not to the full extent the government wants, but to some extent. And SBS lawyers also submitted their side, and they said that the prosecutors had repeatedly failed to meet the deadlines for turning over evidence to the defense. And as an example, they said that three days prior, the prosecutors had produced nearly 750 ,000 pages of Slack messages from Gary Wang's laptop and basically requested that the government not be allowed to use evidence produced to the defense after July 1st. What do you think is the likelihood that those requests will be granted? I don't think they'll be granted. That's a hard one for the judge to grant. There's two reasons why that. One is the judge could say, if you need more time, I'll give you more time for the trial, right? Okay, so there's an October date that you wanted, but you know what? We can pick a different date later on and give you more time. So, that's a typical response to that kind of thing. Again, if the government produced it like the day before trial or the night before trial or specific order on a specific date that wasn't meant, the judge might be more harsh on that. But we're talking about July and an October trial date. I don't think the judge will grant that motion. I think that's a defense preserving in the appellate issue or maybe keeping its options open for asking for continuance, which they probably are keeping in mind more than ever now that SAM has been detained pretrial. And so, I can understand why they might file that motion. I can see the strategic reasons to do it, but I think it's unlikely that the judge will grant that motion. And so, what can we expect these next several weeks before the case goes to trial? And what are you watching out for, whether it be something before the trial or at the start of the trial? Both sides are going to be working furiously. I mean, this is the go time for the trial. I mean, the government is going to be focused on getting its exhibits in order, meeting with its witnesses and preparing them to testify. Because remember, the government, the burden is on them. They go first. The defense doesn't have to call anybody. So, they're going to be meeting with their witnesses and they're going to have a number of witnesses. They're going to be going through the exhibits and there's a lot of documents to go through. They're going to be calling out what they think are the key documents. They're going to be coming up with a framework for their case in terms of the order of the witnesses. They're going to call and how. They're going to be preparing their opening statement. And they're going to even probably start thinking pretty soon about the closing statement. Because even though you think like, well, you wait to start your close until the trial is almost over, in this kind of case, you're going to need to start thinking about how it all fits together, like the entire play right now, right? So, if you go back to my analogy, you can't just think about the first act and second act and forget about the third act. So, I think they're very busy doing all that. They're probably still looking through and discovering things too. Doesn't mean they won't supersede the indictment again or maybe change a little bit like their focus, right? They're still learning about their case. This case has moved on very quickly for a big case, a multi -billion dollar alleged fraud here. You know, this has moved on very quickly. The defense is also equally busy. So, I'm sure they are doing this and I'm sure they do feel jammed up with getting stuff at the end. They're looking through all these documents too, all this data. They're working with their witnesses. They might have some witnesses they want to call. Both sides will likely call experts. In this case, I'm sure the government will call many experts, at least one or two. The defense may have some rebuttal experts or experts they want to call. Those experts, I think in this case, would focus on how cryptocurrency works, how blockchains work, and how maybe some of the financial mechanisms work here because they are complex. You need someone to distill it down and explain it to analyze the financial records. The defense is probably doing that too. In addition, you know, they're meeting with their client. They're coming up with their theory. They're doing their own investigation. They may be interviewing their own witnesses. So, both sides, I mean, it's a ways off October, but it's kind of a sprint at this point. I wouldn't be surprised if they're working pretty close to seven -day weeks right now and lead up to October. Because the last, you know, for every week of trial, let's say, you usually need at least two weeks of prep. And so, that's how you have to backload. This, you know, multi -week trial, they're going to be prepping starting many, many weeks more in advance. And if you were to guess how many weeks the trial will take, how long would you expect it to last? Based on the more slimmed -down indictment, I would say several weeks. Definitely, obviously, more than a week. It will take a while to select a jury here. You know, this is a complex case in the sense of, you know, it's sprawling. And I would expect several weeks. A lot is going to hinge on whether Sam testifies, because if he testifies, that's going to be probably several days, two, and they might have their own experts. So, it wouldn't surprise me if this trial was, you know, two to three weeks. I don't know what the estimates they've given now. They might have to give some new estimates based on the new indictment. That's something the judge will be keen to know, because when they call the jury, and they're going to have a large jury pool here, they'll probably do a questionnaire. They're going to need to know the people are available for those periods of times. Most cases don't last weeks elites, right? And on this high profile, this is, you know, setting aside the Trump case, which is consuming all the oxygen in the room. This is one of the most high profile criminal trials happening. Yeah, well, I guess we'll have to see how it all goes down. Thank you so much, Brian, for explaining it all on Unchained.
Bankless
A highlight from David's Takes: A Hitchhiker's Guide to Riding an MEV Bot
"If you look at the original Xbox games, the graphics sucked. And then if you looked at the late stage Xbox games, the graphics were like orders of magnitude better, but it was the same hardware. How did that happen? It's because the software got better. And so this is the software of Ethereum layer, improving what we can do with the hardware layer of Ethereum. Hey, Bankless Nation. We've got a new show format for you. This one's short, punchy. It's a deep dive into a crypto rabbit hole that David and myself are exploring. These are our takes. Take them or leave them, 25 minutes max. It's gonna be our punchiest episode ever, right, David? God, it's pretty ambitious to say we're gonna do this in 25 minutes or less. It'd be a first. Each of these episodes will focus on one specific theme. On today's episode, we're talking about an article that David published recently in the Bankless newsletter. It's called A Hitchhiker's Guide to Riding an MEV Bot. David, why'd you write this article? Why is this topic important? Yeah, because every once in a while, we go down, collectively, the crypto world goes down the crypto rabbit hole, which we're all carving out, and then we find something new. We find something while we're digging in the crypto rabbit hole. And what we have found recently is this, what the world of the MEV industry of crypto is calling intents, intents as in I intend to do something. And the idea here is that this brand new fertile field that we've just unlocked could be real big, real big. And the why this is such a big deal and why I wrote a whole entire article about this is that an intent, in theory, inverts the relationship that the average Joe swapper on Ethereum, the average on -chain swapper, has with the MEV vertical. Right now, there's an adversarial relationship with swappers and MEV. MEV wants to eat up the value of all the swappers, and the swappers wants that to not happen. And then with intents, we actually can make these people be on the same team and actually get them to collaborate and cooperate, which is part of the bull case of crypto is learning how to align incentives. And so intents is a mechanism for swapping that aligns incentives between swappers and MEV. That's the big idea. And that is the thing that we have potentially discovered while we are going down the crypto rabbit hole. I completely agree. This rabbit hole goes deep. So we're gonna begin exploring it in today's episode. But first we disclose nothing big or specific in this episode. Both David and I hold Ether. UniswapX is a subject of today's episode. Uniswap has previously been a sponsor on the Bankless podcast. This is my time to remind you that we are long -term investors. We're not journalists. We don't do paid content. There's a link to all Bankless disclosures in the show notes at all times. Before we begin, we also wanna thank the sponsors that made this episode possible, including Kraken, our number one recommended exchange for 2023. Extra thanks to Kraken, our preferred exchange for crypto in 2023. Whether you are dollar cost averaging into crypto to prepare for the bull market or you're taking profits out of crypto, be sure to do it with Kraken. The newly designed Kraken Pro makes it super easy to do both your basic financial transactions while also taking your trading to the next level. Kraken Pro is truly the trading UX that you've always wanted. So if your bull market archetype is the trader class, you need Kraken Pro in your toolkit. But if your character class is more of a DeFi journeyman or woman, then MetaMask Portfolio is the tool for you. MetaMask Portfolio is your DeFi multi -chain battle station. Any asset on any Ethereum layer two, MetaMask Portfolio will present it to you. So don't get caught forgetting assets or missing opportunities. Make sure you're prepared for the bull run by prepping your MetaMask Portfolio. Moving on from tools you need to playing fields to play on, the Arbitrum layer two is one of the main arenas in which this bull market will be fought on. Whether your character class is a DeFi degen, airdrop hunter or healed seeker, the Arbitrum Coliseum is where a ton of the action is going to be. So whether you're on Arbitrum one for DeFi NFTs or Arbitrum Nova for Web3 gaming, or a new frontier on Arbitrum using an Arbitrum orbit chain, there are so many opportunities to sink your teeth into. But as we know, the Ethereum roll -up centric roadmap produces all kinds of layer twos. And Mantle is one of the newest layer twos on the scene with some of the newest technology that Ethereum layer twos has to offer in the year 2023. Mantle is built using the OP stack, but uses Eigenlayers data availability solution instead of the expensive Ethereum layer one, reducing gas fees by 80 % compared to other layer twos. With billions of dollars standing by from Bitdao to invest in Mantle, make sure you stay ahead of the game by building and growing your on -chain footprint on Mantle. Let's not forget about the ETH staking character class and Stater makes it easy. Running a staking pool with Stater just requires four ether for a deposit, letting you charge a fee to the remaining 28 ether that uses your node to stake their ETH, increasing your yield by 35%. Stater's staked ether token ETHX allows you to stake your ether and use it in DeFi at the same time. For all you DeFi swappers out there, this one is for you. Uniswap X has opened up a brand new landscape to play in and it's the world of intents. This is where those who employ the swapping ability get to team up with the evil MEV bot army and they get to band together to discover the most efficient liquidity route through the Ethereum landscape. Gas -free swaps, MEV protection and theoretically optimal pricing. When swappers and MEVers come together, new metas happen and it's thanks to Uniswap X. So the next time you trade on Uniswap, consider clicking the Uniswap X button to get your MEV protection. And so if we're truly entering a bull market phase in crypto, which we totally are, then tokens are going to start flying all over the place. So if you're an organization looking to grow with token incentives, then look no further than Toku. If you want to distribute tokens to your employees, team members or for payroll, Toku can help you comply with labor laws, tax obligations and reporting for whatever country you employ someone. Crypto is entering its regulated era and Toku can help you achieve your token incentive award goals with compliance. So thank you to all the sponsors that support Bankless and all the podcast editors, newsletter writers and operations managers who make the Bankless organization the best that we can be. We truly appreciate your support and for all the listeners out there who listen to the mountains of content that we turn out each week, especially this one right here. So let's go onto the show. A Hitchhiker's Guide to Riding an MEV Bot. Okay, David, what's the big idea here? So I use metaphors when I write. I think it's the best way to explain some of this stuff. And so I start this article with this metaphor of as Ethereum just one gigantic ocean of liquidity. If there's like one activity that we do on Ethereum, it's swapping tokens. Like Ethereum, if you wanna be ultra reductive and kind of make a jab at Ethereum, you'll just call it like one gigantic DEX. Like that is what Ethereum is. It's just an exchange. It's like, it's a marketplace for marketplaces. So it's like a meta DEX. Like you can host many DEXs on Ethereum, but really Ethereum just is a place to swap tokens and assets. If you don't really wanna dumb it down. The term ocean is kind of interesting too because ocean implies some depth, right? You can have more shallow parts of the ocean. You can have deeper parts of the ocean. Yes, there's that. Yeah, and that relates to this term called liquidity, right? And we all know what liquidity is in crypto. It is just how deep market order books are on an exchange or how much assets are in a Uniswap liquidity providing position. There's this like fundamental relationship that like at a very deep level that water and liquidity and assets and markets all have with each other. And it's why we use the words liquidity. That's not a coincidence. It's because people way back when discovered that there's a relationship, a pattern between like actual water and the liquidity of market structures. And so this is why I call Ethereum a reservoir of liquidity. It holds a bunch of liquidity and Uniswap AMMs in like God forbid Ether Delta once upon a time. Zero X and actually the originator of off chain order zero X and now we have Uniswap, right? Curve is another reservoir. So like think of curve as like a very big lake or maybe a curve is an ocean. Uniswap is also another ocean. We got Velodrome which is a smaller little tiny ocean on a layer two. But really with you summate everything, Ethereum is like the earth with all of its oceans put together. And in order to navigate across this landscape of Ethereum, if you view the Ethereum as a landscape which you ought to because like every single contract address or your Ethereum address is a destination. And then you also have tokens inside of your addresses and each of those tokens have addresses, little destinations all across this world. And we need sometimes to do our transacting, we need to go from place A to place B from token contract address A to token contract address B. And this is what the activity of swapping is. You're going, you have USCC in one contract address and you need to turn it into another token or Ether which is at a different contract address. So like we're putting this into metaphors. We actually need to travel across Ethereum's liquidity pools pools of liquidity. And we actually need to do something. We need to make a transaction to get that job done for us. And this is like starting to set the scene for like, what is this big meta structure of Ethereum? But we have these liquidity pools with different assets all over Ethereum. And then we have to go across these pools in order to get our jobs done. And that's kind of where I start off this article with this metaphor. Yeah, and you were using, so if you picture Ethereum as this ocean of liquidity, right? In the rest of this article, this kind of resonated with me, you use this metaphor of ships. And you say this at the beginning, as swappers on Ethereum, we're about to upgrade our ships, moving from gas guzzling clunkers that blast through the swells to sleek yachts. Ooh, yachts. That's stealthily send you where you need to go without disturbing the waters. You've got this image here. And on the one side, it says on -chain DEX trade. And this looks like some sort of, I don't know, standard ship that is going through the ocean. It's a tugboat or something. There's a massive amount of wake.
WTOP
"nova" Discussed on WTOP
". D.C. residents say nova drivers are the worst. Nova driver say Maryland drivers are the worst and Maryland drivers say D.C. drivers are the worst. Washington Post transportation before to Michael laris says people were also asked, where's the best shopping? A lot of people pointed to Northern Virginia because Tyson's the history of Tyson's enticing two and the sort of high end dropping that's available there. Most people said D.C. has the best restaurant. Kyle Cooper, WTO news. As the 2023 Maryland General Assembly session draws down to a close, the house has passed a bill that regulates how the recreational cannabis industry will operate in the state starting this summer, just days before adjournment of the session, the house debated on final details for the use and sale of recreational cannabis in Maryland, which starts July 1st. The bill requires dispensaries, keep us certain amount of products specifically for their medical users and to prioritize their customers. The bill also regulates how close dispensaries can be to schools, playgrounds, parks, and other dispensaries. The recreational users will also be taxed 9% at the register, the bill is now headed to governor Wes Morris desk, who is expected to sign it. We're hearing from the top prosecutor in Maryland following a pair of rulings from federal judges on abortion access. In the wake of both rulings, Maryland's attorney general says marylanders need to know that access to mifepristone remains intact for the time being. Anthony Brown not wasting any time issuing a statement where he calls the decision from the federal judge in Texas and attack on reproductive freedom. He went on to say that the abortion medicine has helped ease access for decades to abortion services critical to the health and safety of individuals across the state and the country. Attorney general Brown says that Marilyn will continue working to protect access in every individual's right to choose. And Kramer, WTO news. Want to enjoy the beautiful spring weather over the next few weeks on a farm full of flowers that you can bring home. There's a spring festival just an hour outside of town. I've never seen this many flowers in one place. When you get here to burnside farms and oaksville, Virginia, you get a basket and get to pick from millions of tulips and daffodils across 20 acres. There are over 200 varieties and you can tell as you walk along beautiful blooms of light purple, red and yellow sunburst, and even a few hot pink tulips, spot one you like, you just pull it up and take it home. Each ticket to the farm comes with 5 flowers and it's only a buck extra per tulip. Don't worry, you'll leave with a couple of extra dozen, just like I did. The festival of spring at burnside farms wraps up in the last week of April for ticket
Ethereum Daily
"nova" Discussed on Ethereum Daily
"Welcome to eth daily, a daily briefing on the latest in Ethereum. Open sea supports arbitrum nova ID domains are now claimable on mobile and attacker leaks 200 million Twitter account emails and balancer urges liquidity providers to withdraw from certain polls. From eth daily starts right now. Open seat now supports NFTs on arbitrum nova, a data availability chain by off chain labs, open sea also joined the chain's data availability committee, which is responsible for signing data availability certificates and running data availability servers. Nova offers ultra low cost transactions and is designed for gaming and social applications. Arbitrary native NFT marketplace stratos previously supported arbitrum nova before shutting down operations last November. Other NFT marketplaces that currently support nova include trove by treasure Dow, Babylon's and tofu NFT, according to DeFi Llama, Arby's nova currently holds $890,000 in total value locked. Coinbase CBI subdomains are now claimable for more than 100 million users on the coinbase wallet iOS and Android mobile apps. The feature allows users to create a web three username powered by ENS, which replaces hexadecimal addresses with human readable names. The domain makes it easier for users to interact with wallets. Last summer, coinbase integrated ENS infrastructure using the DNS import feature. Coinbase opted to use its DNS domain CB ID instead of a dot eth extension to ensure users are aware that the domain supports addresses for multiple blockchains. The feature was initially available to users on the coinbase browser extension wallet. Pseudonymous Twitter users are now at risk of being doxxed after an attacker leaked 200 million email addresses that are linked to Twitter accounts at zero X 7 9 6 on Twitter shared a list of well-known crypto Twitter users impacted by the breach, which include mood Gupta, Nick Johnson, and Tim Bakker among countless others. According to wired a bug in Twitter's API allowed an attacker to reveal if a Twitter account was associated to an email address or phone number submitted to the system, data from the breach appears to have been collected in 2021 as newer accounts are not found in the leak. Users should be cautious of potential phishing attacks. Identity Oracle platform click launched its initial integration with optimism's attestation station, a reputation contract that hosts custom user identity information, users can now create an on chain attestation of their social behaviors by connecting a wallet and Twitter account to clicks social oracles, the attestation can then be used for minting and optimist NFT, which is designed to represent a user's identity across the optimism ecosystem. In the future, click plans to support ZK soul bound token contracts, which allow users to create attestations about private data. Click is one of 8 initial partners for the op attestation station. And lastly, balancer urged liquidity providers of certain pools to withdraw assets immediately due to an emergency issue, balance her first announced an issue related to 5 liquidity polls on the protocol and emergency multisig then changed fees for the affected poles to zero in an effort to mitigate the issue, balancer said it will publicly disclose the issue once it is resolved. According to.
Coronavirus
"nova" Discussed on Coronavirus
"Welcome to eth daily, a daily briefing on the latest in Ethereum. Open sea supports arbitrum nova ID domains are now claimable on mobile and attacker leaks 200 million Twitter account emails and balancer urges liquidity providers to withdraw from certain polls. From eth daily starts right now. Open seat now supports NFTs on arbitrum nova, a data availability chain by off chain labs, open sea also joined the chain's data availability committee, which is responsible for signing data availability certificates and running data availability servers. Nova offers ultra low cost transactions and is designed for gaming and social applications. Arbitrary native NFT marketplace stratos previously supported arbitrum nova before shutting down operations last November. Other NFT marketplaces that currently support nova include trove by treasure Dow, Babylon's and tofu NFT, according to DeFi Llama, Arby's nova currently holds $890,000 in total value locked. Coinbase CBI subdomains are now claimable for more than 100 million users on the coinbase wallet iOS and Android mobile apps. The feature allows users to create a web three username powered by ENS, which replaces hexadecimal addresses with human readable names. The domain makes it easier for users to interact with wallets. Last summer, coinbase integrated ENS infrastructure using the DNS import feature. Coinbase opted to use its DNS domain CB ID instead of a dot eth extension to ensure users are aware that the domain supports addresses for multiple blockchains. The feature was initially available to users on the coinbase browser extension wallet. Pseudonymous Twitter users are now at risk of being doxxed after an attacker leaked 200 million email addresses that are linked to Twitter accounts at zero X 7 9 6 on Twitter shared a list of well-known crypto Twitter users impacted by the breach, which include mood Gupta, Nick Johnson, and Tim Bakker among countless others. According to wired a bug in Twitter's API allowed an attacker to reveal if a Twitter account was associated to an email address or phone number submitted to the system, data from the breach appears to have been collected in 2021 as newer accounts are not found in the leak. Users should be cautious of potential phishing attacks. Identity Oracle platform click launched its initial integration with optimism's attestation station, a reputation contract that hosts custom user identity information, users can now create an on chain attestation of their social behaviors by connecting a wallet and Twitter account to clicks social oracles, the attestation can then be used for minting and optimist NFT, which is designed to represent a user's identity across the optimism ecosystem. In the future, click plans to support ZK soul bound token contracts, which allow users to create attestations about private data. Click is one of 8 initial partners for the op attestation station. And lastly, balancer urged liquidity providers of certain pools to withdraw assets immediately due to an emergency issue, balance her first announced an issue related to 5 liquidity polls on the protocol and emergency multisig then changed fees for the affected poles to zero in an effort to mitigate the issue, balancer said it will publicly disclose the issue once it is resolved. According to.
Chutando a Escada
"nova" Discussed on Chutando a Escada
"And database has not had she known significantly too kilo at least filing. Now for that everyday, now I made a great detail in compassion. My former contenting, the stone constraining aquilo and tending kuma property and intangible ackee as this movement either posting this process might not. Yeah, it's all the way from the mentality is that dementia is a sentimental Jupiter that you believe or this past mobile is a mutto dumping sentiment to mazen because achieve Apache achievement in both times. And as a country, E I think analysts can tell. Sound ingens privileged. So pretty simple. As demand as poor hepatocyte historical. Superior to the mice, antidote, demand that you might start to privilege your skin, but can have no presence if you're meritocratic. Nobody on it. Yeah, nothing else comes to us agencies. I'm important to press analysis. Or the SQL daddy. We might as well as differentiate into generate escape. Portage intrada or cocaine. And in the comments movement, suppose moving into today, the massage rate is scared as the seawall dad. Pretty simple. Things don't keep thinking, so it does see what that is. Now you start to think about from the mentality. Fastest 2000. Agile testing autonomy to see more positive. SQL that is because some consider that I was not too high. Precipice, thank you valet. Simply right there for my spa, but it was on my E cloud. I think in komo Elsa could think it gets to David socio. Mice thing is such difference. It's a pretty substantial. Dependent gelato italiano. That's true to the social. Education. It's moving on the console, and stuff, and then just put that in the relationship out of a Lando. Gently just put a spillage Moniz. There is a position in this discourse myself there, because nova's publicus in all the later articles second place was vas is also followers in clarity. In the first place from Pokémon, somebody else had to see ice. Nobody did this to strategy. So be, it takes a laptop to start coming. This process Monte subarachnoid mobilization. To do something that you just don't. Think that's your position. Pale in barely piloted carefully made pistol a lot of police my key master moving to Cornwall is the main character or key different democracy and what are political democracy to do is we are using sports Gigi. In key L is different. Democracy operating. That's just also to democracy, essentially, but in the second Africa, Africa motivated. The holiday proportions on a brown. How to reach GKE. How about political diogenes? And if all I used to GKE como Proto towards me is whenever that contributes to that political omit a short video, I think. If you're not comparing a door for a little video, I may turn on Malcolm and ask if he's moving to success no Brazil. Is stigmatizing the professor's store..
Chutando a Escada
"nova" Discussed on Chutando a Escada
"So let's go cut my movement to movement of Brazil I will put the same. Is most important. I'm being committed to my milliliters. Najita can now also now I saw JC maravich, and being my key air, the lupus in Gaza. Is 2000 watching a pond took on the biscuits and Gerald. Okay, interesting. And then determine no sono context to regulate on installation on my global comic thing shido authorities last year, my liberal community. Goes through the mutual community through the Tories. Come out of London. Devia thought is key around my central day. Oh, Jumanji rate that was announced today. 75 locations on complexes. My scales are coming. That's obviously our thought is you force us to. Catch new spectro political. Process of political. A quasi Iran could invest a one time zero. That's a novel. My zuki Misha Martinique was a tale. Palaver. And also contrary materialized major political. Companies a day is now without. Kids don't tend to ask you something. Our course, this movement, the dash within two G, Nikes, apparition, because he's too much. That's too much. That's another question. This movie meant this, it does it day. It's not quite so easy day as you kissy, movement to see how the faint cases it has on tone. But I think. That's why the Politico in barcode movement. You're quite so much as you guys. I thought I would say this cooperative. It was an important reason for the sake of the entry to the particular. Breaking up now that's going to change this put does not come to the same project. My case ta the. Question is staying north program as my economic stuff on the bad sheet, those my escape messages me those to come, and maintain. The main thing that's powerful is moving us know this past as much as our tour is exactly the understanding. In nothing so very significant. In giraud, yeah, just convert some mood to somebody's town for some pesky note up and just spice it to the mice. Tomato, I say they are the libertarian ecommerce paying much.
Chutando a Escada
"nova" Discussed on Chutando a Escada
"Hi, to the bay. Are you coming? Configured. It's political. Starving. Nomad does data. It's not so many in bicycle margin. Are you feeling my performance Boko? In kuma, just put a Politico. Jose transmitting massaging through each coast premiere managing does form a simple device. And for your.
Feliz Dia Novo
"nova" Discussed on Feliz Dia Novo
"You'll shaw mice coming. So much pisarski squally yet. This is dallas dallas gusting. Had been through dischord allocate. Bill you mice foster care nearly follow all come you maestro towards killed do pain in seth recanting lab my spots. You had that volume funeral lucifer. Localism yes cost us lawsuit soto. Who was these in your. No fees though savimbi sabi only family ucla hipping dating kale mink q. Elston thousands nufeme mice. No well central sugar. Shigella records are hardly Lemme quiz how the physiological individuals except might hit painting secca. What happens you miss. Because the fuzziness hafner w i wanted valued simply has wyoming even full daca poku iliap radio computers. The main data anything i could get up ziga event. What i viewpoint up in phoen- vivian was the wound. Our singular watch tubing amount cupertino. What amount of his job to accuse advice dodge. I bought the state would send him introduce thoughtful. Starts ecuador's risk while temple. Our caroli- ching causes jawbones. Yellow yellow internet for sure is not the jihad. we'll kill fees so michael something out in suburbia subset gotta at getting pr. Kenya hobby the airport as utility scholar. Do doing think you've receiver helena. What will came through. We will die to vegas that we start. Wars rates came threat. Not good do do mao l. We'll do that quizzically. Myself wants to do your do your faster faster. No distributor eighth overseeing the model suggests only this associate allowed the minded that identified the harvard. Me see on pursuers age associated sapone porta millions sociale view except for the can i conceal component acquisition of topics should doma disney gathered. I really volta lean puna but siaca pies disease was sad. Donalda does hate you so is was it is on donors gimmicky. Modernise i is a komo suggests donna amy senior they own comportment to sell davos it as is his up into comportment hat. You've hit you've otani you've ning guess again. Follow the thing. You're saying therapy. Soy verified loudwar soon to talk through the day as the fundamental my quiz at catala levin. Falah g mean ill new muscle to about no it. Okay michio opinion was a victim among with because communica so mice. Domoni locadia falcon was sick. Got a book komo stepping on the tubing being the moa these nato by comparison infantry spooky tabata party that diagnosis. You might as well die. 'cause boise soyuz yet cook. Classical moon does not go. Ashes will component. I meant to jesus weakened immune to these and he said that they don't comport nauseous choice scallions purpose so awards. Blue tuesday that struck who the rice but as and jaguar who to my five key the these ni dental diseases. Jesus go the he does. Mattis does compete this couple of signed value. I gotta pay me montaigne karen contadora i mean praising contadora mazembe kutuzov you you. My method deserve your daughter. Actually my snyder kind of can channel college juiston for ya sequential. His don't follow digesting. Put care three students at threes and lynch interest rates on not us they don't follow jesus and which you'll live mayes. Demille sean is. Cuba's your la. You went through salmon..
Feliz Dia Novo
"nova" Discussed on Feliz Dia Novo
"Grupo their group who Dubbing forty fiscal passage. you'll be in jones movies. So-called debate was like As a quiz the winning dodge to win the oink in grabbed do No said via. I'm printing father is chip approach. Donald carroll integra so pitching in through guard. Systemise will cut van. That's gotta jabbar's van the Kid would for the actually if my tv. But as he dance ed's let gene al-qaeda got to vote is safe to money. Don't we took dow the juvenile l. or costa before ms mccoy's shuping quiz said day of saint players at sequence it as as as professional happy hour. I've what i put them. Yeah so a couple of should talk from various movable skillet go he'll saw to put the team keno preseason diana keen on dave moda to depend so as a pair of geeky moody. Move them years. I think saboteurs quizzes do you. On the al-qaeda party maxima suspicious simpson's scheduled today hospital any sit. The following with us compete says the as soon as that attitude sitting traumatic films fuel near those premiums. I see there busa. Disney do brasil up outside. You put them double-fault line down this akiva. Saddam still do allow poo a sober contaminants. Dispositive aspersers spotted. Does organism choice is. Obviously i satisfied Guy who has data input is them being mckeever he purpose to a party book to kind of silly go to there must have been kavita. Inaudible sky here's without the convenience to the mobile app of pledges gonna ask for malaysian contact. But i seem to you. Here's what you oughta can. Now show them. What are the addition tunnel portal. Seeing yanukovych mush and put fuel clues. Tom integrity though as the astrazeneca. Who'd you don't want to. Over the wisely cuidad digital mississippi spicer zsa jacoby. Venezia weasel of keenum is the flexibility daddy. Mi's with that continue. Equa- swam asker but thomas serbia kitty. This was gonna vote that on pajamas. Uganda those dot. Org tacoma vote. Either quizzes you complete total zivomir shelter by demise in mantis auburn geology. Up on pause thought assault equip learn. Who's who to me. Steadily verbier active delano of napolitano..
Feliz Dia Novo
"nova" Discussed on Feliz Dia Novo
"Mafi gooding equipped zander condomize. Bother me more he. I'm on new way. You follow do feel the money satyarthi that. Ucla's policy as as on the louvre someone monarchy as up i made up doc- mobile is going to hear his isis showing wave all demand. Lewis by la combes competitor's score migos your familiarity. The on fought does the squadron's than before pardoning their net jack about elizabeth luga which go back to bull omar cheese that put of sonar. Yeah yield jim. Ball my got warrior here but the move dot com chief while there is a mosaic cardio asia. Cain kicked part. The musical jewish sit by authorizing sakaba said. It was a coupla zebra jentzsch. Well this'll keep up the mobile vicky frazee musical mississippi via saying this. Ibm musica de maya recall in toyota's fascist republic woo. Hey samir's move those as it died. Few saw soup with rice must follow. Frazee things wounded tachira kevin bishop told them phillies saga permit over. I'm pitching in fishing. Gear. get tylenol. Dania was couple of the subway. The to zonta cone dog rhonda by miso pushing gear a face dental show phase as saddam being deposed on skis almost xiguang leandra musalia by show. My modified chievo prophecy. Shopowner sakaba said separate salim. Maria guate- milk quotas sound. Now seibu. But you feel lease gekhi by physiological somebody jay talking on Cabeza supply lean. You won't be able to send you mentioned bowling. spent summits welcome as saudia guardian even with each other key. Lago my In cotija fiso podcast if paulo mon jeannie new. Gotta doors or podcast. Yeah hydro view. Hide your total. How'd you mother silvo. Amigo dot warriner. Symphonic people gathered removes ketchup cheese. Has you always they thought those skinny seen a todos years barcode. At least you're going to suit them. Bay your car. Carlos about technology do so. Mike's diplomacy commodity says i feel much failures. Gmo of secret message. A petrolia will say what's scrape brakha aqui. Leonardo logistics support. You'll victorian dodging hydra thought. Group was sick. Bobby nobody cares is is key to flag over put in a i. I would say this though is meal by kion. Hey you put us up at his. Sample guava snl. How'd you back on pontiac key couple of all talk. You call papa. Marvez compete. this is going to cloud you tony any. Although divided leaves anthony novels methods loves compete. There's for better these are you was asked party. Influence sierra geological portmanteau nays single food do astrology royal roads as the county sheriff series ikuta. Who kick up most key genius. She'll get.
NOVA Now
"nova" Discussed on NOVA Now
"Of those severe and exceptional conditions now back to dr guan in terms of the current mega drought in the west. He has a few ideas. The first government investment to butte some good infrastructure as whereas designed most sustainable water management and would use Gonna really help the local people to appeal for me. I can't develop technology to help farmers to gain more about one job of the water. You know you just try to make move. Make irrigation more efficient. You'd better use the water also better help. Farmers to anticipate drought such that local people have the response time to really take some actions with the relentless news about how our planet is heating up and drying out. It's tempting to give into despair. But when i listened to guan excitement about his work and his drive to come up with solutions. I feel the optimism get charged up. It's really really exciting. Time to that. The technology rich to the time that enable these generation of scientists to start to convert the imagination to become the reality to achieve a big thing for humanity. I i really. I really believe so you know. I think it's about the time. And i also be proud about being an immigrant in this country and so i'm chinese and i I stand up for asian community. So stop asian hates important. Yes that's very important. That's very serious. Then i've ever thought about my origin but at the same time i think we are talking about these big province about whole planet a whole nature. There's no differentiation about. Will you come from.
NOVA Now
"nova" Discussed on NOVA Now
"Simply put an english it is water is life but when you think about the literal translation meaning water is our vitality provides are lively so it's everything from providing the medicinal plants that we need providing nourishment for our bodies and a large portion of our bodies are made up of water the navajo nation is located in the southwestern part of the united states. It's in the four corners region within the area of arizona new mexico and utah and it's the tribe with both the largest land area and largest population in the united states. I'm in california and we're also facing kind of a scary drought season. What image comes to your mind. When when i say the word drought the landscape so being able to see how continuous drought over the past twenty plus years has impacted the navajo nation Evidence of this are definitely the wildlife migration impacts to water haulers as well as public water system. water haulers are people who don't have piped water in their homes so they need to go to a water point to collect their water in containers to use for everyday tasks like hygiene cooking drinking or taking care of pets or livestock. It's important to have a water point in new community because if you don't then You then rely on unregulated water sources and the navajo nation has had Legacy mining issues that have impacted water until it's important that people have quality water that they know won't be harmful to their health because there are unregulated waters throughout the navajo nation. That have high uranium and high arsenic. As we've already heard lacking water can really impact the food supply which is already precarious for the navajo. The navajo nation is also a food desert in addition to being like a high mountain desert. We only have thirteen grocery stores or an area the muller inside the west virginia. And when you think about that it. It's pretty astonishing So therefore you know many of have a desire to grow our own food and produce and be able to can and dry food so that we can prepare and make it through the winter. Although a lot of the navajo nation land is arid they traditionally have grown their own crops. That three fister crops that we continue to grow and those are corn beans and squash The corn is a part of our ceremonies as well. The pollen from the corn are used her prayers. But also the coroner that south is are not only used for consumption but also use for things like an earth and cake during a puberty ceremony when a navajo woman goes from a transition of girl to woman. Tuli court of a wants to make sure we value traditional knowledge as well for indigenous people. We've been here a long time and we don't need science to be able to tell us that things are changing even throughout my own time. I've noticed that changed with regards to drought to where natural lakes that we used to see on the top of the cesco mount and some of the higher elevation areas in the navajo nation. Those lakes are no longer there. They're more just natural depressions without holding any water at all. To better understand drought. We need to understand the water cycles. I now earth's water is in constant flux connecting the ocean land in atmosphere. Now visualize this water. On the earth evaporates rises into the atmosphere cools and condenses into rain or snow and clouds that it falls again to the surface as precipitation and collects in the ground rivers lakes streams and the oceans. We do have some perennial streams we have a federal strain perennial means stream. That runs year. Round and ephemeral is stream that runs only after precipitation. We have precipitation two times a year in the summertime as well as the winter the summer precipitation also goes by jazz. your name the north american monsoon. we're looking forward to the monsoon and the navajo nation. It's pretty hot and dry. That's important to have that understanding that all water is connected. Evapotranspiration contributes to precipitation which can contribute to the flows and ephemeral and perennial streams while also helping recharge groundwater with less precipitation stream flows decline in the levels of water in lakes and reservoirs decrease and when dry weather goes on water. Supplies are not refilled and area enters. What we know as drought. Actually there are different types of drought. If you ever look at something called a us drought monitor. you can see that there's different magnitudes of drought there's also different lanes of drought the. Us drought monitor is the map that shows parts of the country. That are in drought. You've probably seen this map being shown on the news. It's that map. With yellow orange red blobs and it uses five classifications abnormally dry showing areas. That maybe going into or coming out of drought and four levels of drought itself moderate severe extreme and exceptional you can check it for free at drought monitor dot ufl dot. Edu in updates. Every thursday to the drought monitor ninety six percent of the navajo nation is experience extreme to exceptional drought. That's basically as bad as it gets so bone-dry that also bad. When we think about fuel for wildfires the navajo nation department of emergency management has coordinated their communities response to drought since one thousand nine hundred ninety eight. They have a drought contingency plan. That combines long-term and short-term mitigation strategies. It guides the navajo residents to proactive. Before a drought even begins because of the large area and the limited infrastructure. It's difficult to be able to do real time data because you know cell phones. Don't even work in some areas and we have individuals within the water monitoring inventory group be able to drive to eighty five sites throughout arizona new mexico and utah to be able to evaluate the month to month variation of precipitation. When one thing. That frustrates me. And i'm going to guess that it frustrates you as well. Is that when we're addressing the problem when it happens we're not necessarily being preventive about it and i think sometimes people have a hard time identifying with the problem that doesn't affect them so like hey. I don't feel climate change. I'm good. I don't think it's real. There's no drought rise live. Yeah i like to think about drought like a bank account and so with each precipitation event. It's like putting pennies into your negative one hundred dollar or more account and we don't have enough of those precipitation events to get out.
Feliz Dia Novo
"nova" Discussed on Feliz Dia Novo
Mason Vera Paine
"nova" Discussed on Mason Vera Paine
"Now. I really like the song and i have to ask. Did you do the vocals. I get an. I was just part of the songwriting. I love to write songs. But i'm definitely not a very good thing is definitely production as my main thing and i love thumb reading but yet i always have someone else do the singing. Now there's a lot of people during the pandemic where it's kind of like everything got reset for you during the downtime. How did it affect your music. If at all totally changed my music completely on pad. I had a lotta time to think about what i wanted You know my career. And what i wanted to make musically. I really missed making music. The music that i was making when i first started i kind of reverted and started making that stuff. That initially inspired me. Yeah kind of totally shifted my music into this new realm and i'm very excited about it because it just feels natural and it just kind of comes out easily. I have to ask you about your name. What inspired fanta. Where did that name come from. Came from star wars. You know. I'm a big nerd and i'm not afraid to admit it and i wanted to pay homage to that side of so i was on the welcome pedia the star wars equivalent to wikipedia. And i just finished watching all the star wars movies. And i was looking for a name and i really wanted to name myself. Something cool and i found this like creature called a fan dba but it had two ways it was like dinosaur with a laser beam on fact but it took an off. And that's where. I cut my name. And i kind of ask them friends at the time. Like what are you guys. Make the doesn't like ring off the great ever. Since then i've just so you're not really a key. Boise you are like full out there. Like everybody's gonna know that you your your your nerd is right there on your shoulder warsi exactly. I used to try to hide it when i was younger. I kinda just embraced it. And they got older. Why am i hiding this part of me. I love being heard. I feel the same way about video games. I'm not hiding it anymore. Everybody's gonna know. Yeah me too. i'm a big gamer. Since i was like you know able to hold a controller. So i i love all that stuff. I love technology pewter gaming anything i love it all enquiring minds need to know which star wars movie is your favorite. Probably not going. Be your team. But i think the phantom menace is my favorite just because i it was the first one i saw and i think it's always like whatever the first one you see is your favorite. I love them all. But i think that kind of a special place in my heart is because it's been two thousand very real from it now. I remember when phantom benefits came out and before it came out. My father sat me down. It was like mason. You're gonna watch all the old ones i. So i actually love revenge of the seth. That was my favorite three. This is when he kills the young ladies. Who oh my god. That was so like traumatizing. I know yeah good. I think every movie. I'd like you know a time and place and everyone kind of like love different ones but i think they're all great for the upcoming year. What do you have planned for yourself like career wise. Where do you think you're gonna be going. What do you think you're going to be doing at this point. Definitely not playing shows. Not yet i. I wish i really do hope that they come back soon. So when they do come back. I will be there but until then i'll be writing. I just finished my second ep two so that should be slowly coming out over the next couple of months and as of today i've just started to write for whatever next so i don't know if that's going to be. I'm very excited to start on this new journey of baby album maybe singled out yet. Well fan but thank you so much for joining me. I really appreciate you being here and for those listening. Where can they find more information about you. Find me anywhere on social media at them music. This has been the mason vera paine show. Thanks for listening. Tell me he heads a wgn. Radio don't come for exclusive content by mason also fuller mason on facebook and twitter at mason vera paine. That's all one word and don't forget to share the show with your friends..
Mason Vera Paine
"nova" Discussed on Mason Vera Paine
"Mason vera paine in such a short time. Dj fanta has made his mark on the scene with multiple songs and collaborations under his belt. There's no slowing for this canadian. Native family joins me to speak about his career latest track and upcoming projects. Thanks for joining me fan. Thank you for having me. Okay so tell me. How long have you been a dj. For i've actually been detained for longer than i was a producer. My friend got dj gear when he was like fourteen and we would dislike dj dead most mixes in the basement by that was not real deep thing. I had no idea what i was doing. But i guess. I've been an actual dj for about eight years now. Eight years still a pretty long time. Yeah i mean. I got you know what maybe i've only been furiously. Dj -ing for like four years three or four years. Because when i first started producing music. I really wasn't getting booked for gigs. So i think the the the dj thing has been a recent maybe three or four years like actually besides just playing around. What inspired you to do this professionally. It was the first time. I went to music festival. Actually you know. I've always been this kind rape kit. And i was very into dance music. Electric growing up finally got to go see it in a live setting and it kind of just like changed my life and i was like wow all i wanna do is be involved in some way and after i left i went home and just started producing and i kind of just never really stopped and that kind of led me to where i am now so when it comes to spending what do you mostly. Spin is a trans tech. Now i make pop music. So i definitely played some dance pop and i play a lot of like depots tecos and stuff like that anything between of jump around genres a lot but usually always have music of some kind now back in two thousand seventeen. You collaborated with frank pierce on the hit vibe. How did that collaboration come about about actually my very first time ever making quote unquote pops on before that i was making very underground music and that was my first kind of time trying something and thong like totally blew up. I mean none of us expected to have like that but yeah that was kind of interesting song yeah. Did you enjoy doing that. Collaboration i loved it ocoee. I talk to franken day. It was very fun and kind of opened my eyes to the world like pop music dance pop fusion so yeah i think that's on now is you're producing style the same as your dj. I would say my production style is definitely catered to listening and three ming where the live show definitely a lot heavier lot heavy like a lot more energy i guess just more bang from general and then i mix my own music and make mashups and yeah i just try to make a very fun and uplifting by now. I heard that you are self taught guitarist and drummer. How'd that come about. My dad played the drums guitar. When i was younger. Though i you know i i looked up to him and i wanted to do the same so i kind of described the guitar and he taught me the basis of the drums and i just hit them in the garage. And then i. I really took a lagging tip. Qatar and i would just play for hours and hours every day until i eventually kind of learned how to play music with not just bad noise. I like that not just bad noise out to you. Do you know how to read music to. I have no idea but music in front of me. I would have absolutely no idea what's going on. Do you incorporate those instruments into music or do you at least try absolutely. Yeah i'm every. Everyone of my phone found qatar by the piano. So i do a lot of like piano on my record. There's usually always a guitarist. Somewhere in the mix i try to do at least one guitar thing and everything. So tell me about your latest song. Still call you mine. That was a very interesting song. Because that was the very first song i wrote. When lockdown started in france songwriters. We had to kind of figure this new way of writing music. So this was. The first time i've done is doing session. I was kind of against them. Like how could you write a song like over the internet and not in person but it turns out that sessions are actually quite often and you get to work with people from all the world in the comfort of your own home so it's pretty cool but we wrote that song in probably forty five minutes. It was like the quickest on ever. And i knew it was something special and i mean it just came came out so quickly and then the next day i produce it out and it seems like everything gay just kind of worked like i didn't have to think about it too much so yeah i came together very quickly and not using ever.
PodcastDetroit.com
"nova" Discussed on PodcastDetroit.com
"For not a think. Him and matthew stafford in the same book to me bo. How just couldn't see them playing for nobody else to legalize lever. He's gone gone for show. I just don't like them. Is to virus two quarterbacks that i just was to low today team i can see them planning to fill nobody else. Yeah i don't think aragona where he longest somehow hang onto they. They might draft. Who will pick that. Got this year Who the packers exotic. But it was the receiver in the late pistou. Because most drivers. Don't go to this drivers. But i i really saw on a lot of receivers like i know seth williams March hase devante. Smith artistry right there. I wish my baby. Chris alive they would east africa so he's trying to get that agreement torri blacked out. They they this draft class. She was that many many privacy but that many catcher. Ira only like you gotta hurry up snag. Yeah you gotta pick them go earlier. This year. I feel like glad you know who i really want to go to the pros. Donny corley i want to see him. Come back story right there. I see store as store extra story right there. Real does historian. Everybody's is year for real right team. The right team picking up on this thing. I think he's gonna do his thing regardless because employees is but i can't see him. Play is alarm hurt lesser giroux uneven. You picked a damper memory was supposed to go to michigan. State here royal odyssey. He was he was probably best player in the in the yet the best player in in a in a for sure he took. It was undefeated for a long time. D to today to an average for a fair state. wanted to talk about the divisional. Nor like that's like concord you like. Yeah you're right. You're right but still. He was probably the best player in that league. Stay in the gliac com. That's at you right. But he was for sure the best player neglect earlier so stay all players. Use the best for sure tying because he really possibly at a division for sure he was a surplus community wants to bdo office. Oh that's messed up. So let's talk about kobe because this was our talk about kobe. Long week year. He'd been here. Don't seem like my. He's passed away months ago. It's crazy still. Don't feel rue so bianca. Don't feel crazy watching videos on twitter and on documentaries we'd be talking just don't seem real that he'd gone are ever. Manuscripts outsourcing episode. When he was on the smoke. Man bombs stephen next. This is crazy bronx crazy. Nobody seemed to come in because it was. It just happens so quick. It hurt me for real. 'cause like dang he died with his daughter. Yeah as we made it you made. It is crazy arpey. Kobe are becoming fisher. Pico impacted the world for. He likes sort of top three play influential players this past twenty years for sure. Yeah i was. When i heard yet i cannot man with all who been jody's thought to think are we like can't be true. It probably is one of them things just saying say he. Everybody got the posing cry. I said i don't even know Zero sometimes it's some athletes really be having a impact on a lot of kids cleared for people. I should say i for sure. This is the thing how we're gonna feel when lebron pass away. I'll only wants to be on wish down but knock on wood winning no stable with year we for for sure got to appreciate these players around that s crazy. Feel about steph curry passing up a reggie miller for jamila. I mean we've seen in common bro. I seen it coming. He don't miss like he really. He is hard for him to miss. If like he got missed on purpose at this point but he's really that guy. When it comes out one player. I can think of evacuate pass curry when he montana retired. or klay clay if clay get back healthy hundred percent agassi and pass catching up carrying passing them for sure. I think klay could make them honey three pointers from a corner of the first star fastest to reach four hundred pointers. He only injured with a boy. He'll and got to catch it and just pull it you. How klay thompson thompson gerbil for sure. Yeah trades over for sure. I don't think trae can make a hundred straight from the corner. But i'll know klay can he shooter. Try youngest desserts. Licensed steph occurring by literally. I don't see it. He's a six foot. One steph curry have much. Betty miss out awards hunting from the corner from the corner tray onto the second. Ain't going down going down for sure. I'm not not right now. Right now come back. Then he third birthday the not broke. Trae young though. He's a great three point shooter. But i'm san gree gimme clay. Oh i am taking flavors. Oh yeah. I mean i don't play defense. Klay guy defense merle. That's you won't check and trae young when you play. Yeah warriors play hawks. I'm putting clay on trade. I i got a little mice not motor regime more for college. Yeah they got nice little squad deondraye hundred about camera. Tish camera showing all players players. Rogers was the The wizards trey bradley bilbo. They do him. Brussels helping them in burn. Were where we go if he if he go to. Nuggets is the nuggets in ghana. Maths mass lake grabs lakers. Tim luca bouncy that how you can see that lakers playing man to talent. Oh four all too much talamona team outside for him to do him now he can live. Putting katie on the lakers are a good fit. But you i mean you could but it wouldn't be too much talent. No bradley bill. Sure could play with the lakers among lakers dover he could he have anything to be honest with you on the mass the negative wisely games boat because they knew more pieces in order to even wanna put a blazers to go to go to undertake teams for you need to go to the blazes bro. I ain't gonna lie.
PodcastDetroit.com
"nova" Discussed on PodcastDetroit.com
"Thing is trash. Does crazy bernie nice nice and making play making a player was he a. I got him at the a freshman. I respect that they not going. No higher than sixty mama's culas thirty eight five eleven and just need some help. Because he can't shoot for really need good eliza assistant shooter over milwaukee in scores for. Nobody's going off bits exactly. He needs some players to help do some support because he ever. You're gonna start getting like bradley. Bill in washington lonzo. How about lonzo. Boro lonzo lonzo was twenty seven. Eight three thousand is better gains right there when i was watching the game bro. Where do we get the shooter from. Because he was not on the on and off some games. Yeah you know. He trades so he's trying to get that value you about. He said have been playing like that though he said som- saying let's get traded on me. Start playing good. He begin traded of us playing delight that the whole time but he is. He wasn't the only one member who's brandon ingram Pelicans got squared over there. Josh hart young over there in new orleans it. Hey some hungry. He's hungry for. So i've seen brandon ingram laws audio young's to a couple of years. They'll be consistent playoff contenders. They all stay tuned for sorrow and other young thing. You got the hornets hornets year. Miles bridges dante. Lamelo mellow nice little slots. Good big man. Though i would rather they got a james wiseman now no saying they. I wish they would have gone wit lamelo ball. That would have been nine. That could happen. That would have been to ed. Had how would happen. Had the trade up some pics and saying trade up for the second pick. And i was gonna be to harvard and duke. They'd had to give some players are really got that many players to work with really and truly so so high off in about the super bowl. Now i out the ati chico cheese forever got the three out of three s brady beedon out to you. Never know you never know how the outcome gonna be. I think is going to be like a score. Probably going to be. I got twenty eight twenty four chiefs now. I got thirty six. I'll now going by that much. Divas is kind of nice. is this the. She's got a lot of office based on. Yeah that's what. I'm saying might be a super market. Robinson plan is week. I think so. i'm not. I'm not sure i don't think he played last week. Goodie nah if you played his weakness might be rap stanford shore. It might win it. Forty two to twenty seven and whoa whoa about that. Much depend okay. Tom brady doing a lot of picks a year. She's capitalize often picks. It might be like forty two to twenty seven. I see tire. Matthew catching lease entire matthews. Brilliant they got some tyrod going. Here we go get it picked. You'll get no my super bowl. P predictor is tyron method to me aby mvp prediction yes. Nah pantyhose gin- for sure i'm gonna give it a if he ever good game. It could be either travis kelsey or tarik. You walk his might get it though. Low key sammy watkins. Sammy watkins. he might get it. You also have been on the run. Bergdahl he client lower. Come back though this still. She's a they're gonna throw the first so they not give it to renovate restless one hundred fifty are gay alison to happen and he don't they needed over. I'll see that happened but that pass that pass office. Is there regardless exactly gotten threats tyreek hill so bad dating on good to failure for sir. How are you sir. Tyreek hill sammy. Watkins and marcus. Robinson and travis kelsey same time and none of them is slow. Chavez kelsey is fast was they other young receiver meco hartman. Yea that's the one struggle all my god. He was the reason the bills i got. That look easy touchdown. i'm idle so so boy ain't none of that. Easy stuff gonna happen. I think they all bogo lock in on defense assured. Yeah so man. That's crazy but who you got more yards. Tom brady your pantyhose. Mahomes being over three hundred zone. We'll see so thought like to seventy five. I give him buffalo new york la four hundred yards about forty times. I see him completely about thirty. Thirty forty four three three three forty five over forty five. Y'all pushing y'all pushing pushing defense say three fifteen zero fifteen hundred so you need the buccaneers defense that good. It's not that it's the bills buccaneers. I mean the bills buccaneers. the bills. Divas winning act they straight but he threw twenty tyreek hill. His wife faceted on. Db's new true but this is he not gonna look his way every plato. No we're not going to look around. Sure easy like you was in the first quarter last time. I don't see why he won't keep doing it. Happen gave blake warsaw. One hundred he had one hundred seventy two and the whole game first gay in quarter yet light always say about two hundred. He so fast is when he get the ball in his hand. You gotta be there already or he could be gone and it was playing man to man i will well. You can play a minute man. But you've gotta double team over the top for sure you gotta run cover to have a double subtitles that on worker fast too fast fast one. Couldn't you go one dorm by. They compare speeds and use same boat raise speed compared to him. He's fast fast he's fast broza faz mapra but even if they do like him up got three other artists who was to worry about and tiny and worry about In the del like audet biggest. Run the ball good enough to score the ball. I don't see why you see why you don't see don't game for any or of yours. A lot of four hundred yards is though in the completing it for forty times per now. Leno no i say he will go for thirty for forty four hundred passengers. I'm just say have at least two or three big plays i already for sure i say lobster safadi six honest qatari going to be open. Awful post a fly anything like that or he might those short. And he just busted open and marcus. He can run at zero daylight. Travis kelce he can run and true. Got some problems over there. Waking they come out with the dumper shore some we can agree or he coming out with a dog for sure they get their back to back. Ring the telling yada since high school gathering. I believe me his cool though. You know you see happening in the ring to you have. Some kids.
NewsRadio WIOD
"nova" Discussed on NewsRadio WIOD
"Pines Boulevard and Dykes Road, just about a mile west of I 75 And we'll be here for another 23 minutes and 54 seconds. Taking your calls answering all your questions. 8666 10 63978666 10 6397 get you through. Um you know, I'm a big fan as as you are Tony of the muscle cars. The sixties seventies. Because that's the era we grew up in. And those were the cars that were out there. You know, this one buys a Mustang to, you know, kids these days. What are we gonna do It? Um But he redeemed himself when he when he bought the Buick Grand National. Yeah, you know, he redeemed himself in my eyes. There's some pretty famous people out there that also Are into the same muscle cars that that we're into Joe Rogan. You familiar? Which are Rogan? Yeah, He's got a Chevy Nova. And a bear Cuda. Justin Timberlake. 67 Pontiac GTO. Nice. Matthew McConaughey. 1980 Camaro, Z 28. All right, and he, you know Made himself famous in that movie of driving us 1970 Chevelle SS 4 54. On and now he's into that a doctor house Hugh Laurie, 66, Ford Galaxie 500. Kevin Hart. It's for destroying his parent Cuda. Also has a 65 Mustang and Jeff Dunham, the ventriloquist. Uh has, uh, 70 super bird. Those were bad ass car. Did you see on Meek and MI Come? They ran twin grand nationals. Which sequential? Vince? Did you see that? Two grand nationals were sold at the same time he only could purchase from that way. With sequential like the next first one second. Yeah, I didn't see that. I know that Richard Rawlings from fast and loud Gas House Gas monkey garage. I know that he's sold Firebird number one and two there. Does. He had gotten hold of Firebird number one and two. He's a big fire bird. Yeah, and I think he restored them. And he sold them at me. Come and I don't know how much it went for, but he did sell those one was red. One was black. I think. Something like that. That's a car. It's one of the cars. Not the one and two, but he drove train Sam in his younger years, and he's a big transcend fan. And didn't he end up with that car? Didn't he find those are my thinking of somebody else. It. Didn't he find that car, same car, So there's an episode I think of that. I think it was him May have may have been some thing was white Show a white transit with the blue and the bluer blue bird. Yeah, I I think that was him. I see you got a tire flyer there. Way always have every month. We update the prices and We're selling someone he tires were selling some there, depending on the month. We sell anywhere from 902 1200 tires a month Now there was a time where a dealer Was not the place to go for tires. And this is basically your baby, right? And you come up with this. Listen, Dia. They're good, Better. Best tire program has been around for a long time to go to basically started that back bearing their early eighties. Reality is we do so much more than just good. Better best because we have such a wide a raid. Branch with tires that it all depends on your needs. We stop trying to push Tires. We ask the questions very important nowadays. Do you own Do you leave? Do you? I do You care about the ride? Do you care? So we actually are the where? The where so we actually asked the right questions. And then tell the customer is money. Do you want the best tires possible for safety or you're going to trade the car and in two months and tires is one of those things that you gotta give the car back. Two to the financial arm. You've got to get him back. We're good tires. So what we do is we ask the right questions and we we do what the customer needs. And that is why we're selling so many times. If your lease is up in two months and your tires a warrant you you don't want to put $1200.100 dollars worth of tires on there. But you may want to put $400 worth of tires. Absolutely. And I'll tell you this. Every tire manufacturing out on care. First mission angrier whoever you like they make good and bad. Yes, sure they could write. So reality is the other brands that are out on the market. They're very competitive, not just in the price now, but on the quality guys. There's a lot of good brands out there that we're putting a lot of those tires and our least customers and they're loving it. I've always found personally that the better works for me because it seems like the better price. The mid mid mid price gives you A good bath from ice cover balance of where and comfort right now, if you get the best, you're gonna get all comfort. You remember what happened with your tires? Because you tend to put the best you could get. Yeah. Okay. There were so good that what happened to him? The outlast her usefulness because they start dry rotting. Yeah, they do. You get what I mean, So yeah, There's always room for you know. How are you going to keep the car, do you? Lisa? Do you own it? Do you drive the highway? You really picky? You want a real soft, right tires are like shoes, right? You could go to a shoe store and you could try 10 shoes and then you There's a comparable everyone's gonna be different area exactly, And we have tried to run our tire program the same way It's not about us is not. What we want to sell is what the customer needs and the more we focus on the customer. The more we satisfy on the more we sell them tires, the more that we make people happy, and that's what we're here to do. Yeah. And You know you people don't think to go to a dealership for tires. They go to a tire store for tires, but the difference is you're not in the tire business. It's a career. You.