Ethereum 2.0 Successfully Launched!!!

The stream is ready. We're ready to send a video and we should be ready in a few minutes. Just making sure that we're ready here. So we have excellent condition here. We're live. Welcome back guys to another episode of Box Mining here. It is a super exciting day today. We have the successful launch of Ethereum 2.0. This is the moment we've been waiting for, for pretty much the last three years, right? Right before when I found out about, you know, Ethereum like three, four years ago, we're talking about the next big leap forward. And this is it successfully launched today. We've got a tweet coming out from Vitalik saying, congrats on the launch. Almost as if he wasn't a pivotal part of this launch. This has been a huge undertaking. There's a lot of development research and this marks, this is the launch, right? So, you know, if you click on this video, you know that this is a rocket ship launch. And there were a million things that could have gone wrong. There were infinite amount of tests that were done beforehand to try to make sure it's good, but you never know until you hit the button. And that's what makes today such a successful day because that launch is 100% successful. Now you see that Ethereum 2.0 is fully deployed and live and go on Beacon.BeaconChain. Just look at the spelling here. I'll put a link down below, but this actually shows the blocks that are being produced on Ethereum 2.0. So you can also see the proposal process and the voting process that's involved. Ethereum 2.0 takes a huge leap forward. It's not mining anymore, but it's based on proof of stake. So more precisely, you have to stake 32 Ethereum. And by staking that, it allows anyone to participate and also earn lock rewards. So it kind of very much changes the dynamic of Ethereum going forward, instead of miners making all the money, you know, just using the GPUs to my Ethereum, it's now become stakers and any staker can or anyone can stake and we'll show you tomorrow. Tomorrow, I've got a really exciting episode prepared up for you guys here. And we're going to go through the live process of just setting up a validator. I am going to take a shortcut though, I just took it. And you know, why I'm so excited is right before this video starting. So right before we started this video, and why this video got a little bit of a late start is because I had to launch my own Ethereum validator. It did involve staking 32 ETH. So I was like, fingers crossed, you know, like this is, you don't want to miss, mess up any of the steps because if you mess it up, especially if you mess up writing down some phrases, this is why there's paper on here. And, and right before the stream, I made sure that I didn't write any on these, but you must make sure that you write down another set of words, mnemonic phrases, backup key phrases, and yeah, I'm going to take you through the entire process tomorrow in tomorrow's live stream. So stay tuned for that. Make sure you click the subscribe button down below notification bell. The stream itself is also up already, but anyways, that's beside the point, but yes. So launching this does involve a little bit of effort on your end. And it involves 32 ETH, but once that is live, as you can see here, you can see the blocks being proposed and then people getting rewarded. In terms of what rewards you can expect, you can go to the Ethereum launchpad. Actually, I just want to show you guys this one's particularly exciting because this is my congratulations letter for launching and supporting the ETH2 network. This is, this is my first part completed. This is the success, success note with the little rhino up there, but anyways, so once that's completed, you can go to the launchpad and you can just see, um, their rewards. So roughly at this current point, you're expecting roughly at an annual percentage yield of 16.5% at this current rate. So you can actually start earning some passive income on Ethereum now. So what is this episode about? So this episode, we're going to take a look at Ethereum 2.0 overall, just like a little brief summary for you guys. If you guys aren't, you know, up to there, we also have a market update. And today we had some craziness with Ethereum markets going on. I was pretty much, I had my FTX window open and Ethereum shot up like crazy right before the successful launch. But then we did take a nosedive a little bit after. So you can see, I mean, just actually put the Ethereum 2 USD price. You can see it shooting up, dumping back down, moving back up again. So it's kind of funny. The whole day was a very emotional day for a lot of people here. Basically this huge rally, basically by the rumor, right? The launch was going to happen by the rumor and then sell the news. Once the successful launch was down, sell, sell, sell, sell. We saw some huge sales. And then now we're all the way back up to 616. So exciting times, successful launch. So the sell-off was not very crazy. That's actually pretty good. So we'll talk a little bit about everything that's happening here and answer some questions as well. So if you guys have questions, type them in the chat log and we'll get to answer them very soon. So with that, guys, let's start the video. Before we start, I do want to tell you about the podcast. New episode is up. So we got the podcast Bitcoin out of the box. It's a podcast that's pretty much perfect for on a run, in the car, anywhere you go. We can listen to it while, you know, almost if you're working, playing video games, whatnot. So just search for a Bitcoin out of the box. The new episode is with Gerald of CyberFi. It talks about DeFi automation, huge amount of information down there. And this is something very key, right? This is DeFi, but you know, we talk about all this about smart money, but how do you make sure it's smart? How do you program it? But anyways, that's in the latest episode just released today, hot off the press. Check it out. Bitcoin out of the box. It's on Apple podcast, Spotify, anything that has podcasts on it, it's up there. Search for Bitcoin out of the box. Let's go for it. Let's go for the start. All right. So, um, I see a lot of questions coming in and I think I would just answer the very quickly, what's, what's happening with the EVE 2.0 stuff very soon, very quickly. And there are a lot of questions about rewards, validators, what you can do. Um, a lot of people, um, Kevin Tye typed 16.5% APY. That's insane. That's crazy. But there's a little bit of caveat to that too. So, uh, I will talk a little bit there. We got Jose Gambola says, unexpected life. Hello everyone. Hello, Jose. Uh, welcome. I haven't seen you for a while, but that's because I think I stream in a very different time zone from you. So anyways, I'm really glad that you can come on this stream. I'm really glad to see so many smiley faces here. Um, just big thank you to anyone who's joined the channel. Uh, really appreciate it. So now starting off, uh, yes. So the rewards, so, so why, why do people want to jump on to Ethereum 2.0 is because of the staking with staking right now, you're expected to earn around 16.5 APY. This will decrease over time. So if you look at this chart, you know, this is why they put this kind of chart here, the more ETH staked in the contract, the more stakers there are, the more, the, or the less rewards there are. You're kind of splitting the rewards between the different amounts, um, the, the stakers out there. So they can just kind of see this chart. So as more and more people stake their Ethereum, you're going to expect to see less and less rewards going to be distributed out. But currently right now, it's actually not bad at eight, 16.5. I mean, at this current point, anything, anything is better than the shitty rates that we get in the bank. I mean, come on. I just got a recently yet again, HSBC coming at me again and saying, yo, you want to save money with us? Yeah. We have 0.05% annual interest. If you save your money with us, I'm like, it's okay. It's all right. You can keep that. It's, it's like, trust me, like really? Okay. So that's kind of what we're expecting. And yes, I do expect it to drop a little bit, you know, maybe into this region as more and more people stake. Now there are some major drawbacks too. I would say, you know, I just went through this. You can see all these text marks here, but just to very quickly, um, to talk about this, you're not getting free money. It's not free. You do have to run a validator and your validator is required to be online 24 hours. So this is like, you can do this at home. And I've, I've been trying to set up my system at home, but sometimes if you go offline, there will be penalties. So this is kind of important to remember that if you have responsibilities, once you're staked and your stake there is to guarantee that you don't misbehave, this is kind of key with Ethereum 2.0. So instead of relying on kind of a security by hardware, it relies on security by people having stakes. And if they screw up their stakes are going to be removed. And that's kind of important. So number one, you need to be online all the time. And number two is commitment as well. So just, um, be aware that when you move and migrate to Ethereum 2.0, you also have to say, I understand I cannot transfer my stake EVE until at least phase one, and I cannot withdraw until phase two. So this is quite important right now. It's a one way trip. It's like, you know, that rocket I put up and on there, it's really relevant because yes, we're going to the moon, but once you're on the rocket, you can't, you can't just jump off. You can't just expect to transfer once you're on the rocket. So there's actually no transfer features up at this current point. So you have to wait till the next phase, phase one of EVE 2.0 to have that full functionality when roughly is expected to be 2021, but that's programmer speak. So, you know, you know, maybe potentially it might take a little bit longer and that's, you know, something we're kind of used to. So just be warned that that's one warning. So that's all the good parts. That's all the kind of warnings out of the way. And tomorrow we're going to have the live stream to talk about, to go through the whole process with you guys, to give you guys a little bit of a indicator of what's up. Now in talking about Ethereum 2.0 and this whole insanity here, why is this such a big achievement? You know, like I'm so excited. I started this stream of a giant smile on my face. Why is it such a big achievement? Well, because this is the largest proof of stake network around. We've been talking about the idea of proof of stake for a while, and this is kind of the next evolution of securing up blockchains. For the longest period of time, security was done via either mining, right? You have mining on Bitcoin, on Ethereum. You know, I talk about mining. The whole channel is called box mining for God's sake. So I don't need to explain that. But it's now it's a migration away from mining into staking, requiring people to have at least 32 ETH, stake it there, make sure they are legit, they have their responsibilities. And the key here is that this is the largest network. Look at the number of validators here. So we have active validators at 21,000. And this is we're expecting more as well. There's a, it's a global participation around the world. It's, it's kind of crazy. The amount of achievements done here, we've seen a lot of kind of other blockchains do improve of stake, but the number of validators that they have is not on the scale. And the amount of money that they're protecting is also not on the scale of Ethereum as well. This is why this is such a big achievement is because finally the programmers have done something successful. They, they launched it as a successful launch. And here we are, that's the stage we're at right now. So in terms of the kind of achievement, I think this is amazing. And if you guys want to know a little bit more about Ethereum 2.0, and how many phases there are and what's going to happen at each phase, we have a really good article up on boxmoney.com as well. I do encourage you to just check it out. There is like a ton of information down here about how it works. It's going to work in parallel. There's going to be multiple phases on that roadmap, how it's going to work. There's a lot going on. There's a lot, a lot going on. So I'm going to put this link up here. So there we go. Um, I will answer questions as well. I see a lot of people asking questions and I don't know why, for some reason we have, um, there we go. Boom. There, let's do a quick answer. So I haven't looked up at the messages for a sec here. So let's do some, um, quick Q and a on this. Um, uh, there's some people talking about, um, so Philip says also don't forget about the burden of fees. Michael inflation will probably be smaller that right now and supply might actually decrease. That's actually an interesting thought. Um, kind of interesting. I think, um, if you think about fees and the supply of Ethereum, something that Vitalik said recently is not look at where, what we're doing now, like not look at Ethereum, what's Ethereum is doing now, but what Ethereum is going to do in the future. And it's just like that kind of forward mindset about kind of where we're going to be in six, seven years time. And I think there's a lot of people who like six, seven years feels like a lifetime, but that is how far you have to start thinking and not just six, seven years, but even beyond that as well. And I think this is kind of the pivotal here. So I feel like this, this, this start represents the beginning of something huge, something grand. And this is why I'm personally so excited because we finally have it. I mean, if you think about it from my perspective, you know, when I started really seriously looking into Ethereum, I made the video on proof of stake that was like 2017 and I was like coming soon, coming soon, coming soon. And everyone in the video was asking when guys, when, when, when, well, well, today I finally can answer that today. So it took three years, uh, to wait until today. And this is why it's a very monumentous achievement. Uh, so Kevin Tye says fixed term deposit for EVE. It does look like that at this current point. We've got Nemesis says, Nick, Nick mile, GPU great mining still is great. My man. It is true. It, this doesn't actually deprecate mining because Ethereum is running in parallel with Ethereum 2.0. The current network still stands and the current mining structure still stands until phase two. All right. When we kind of get the merger, it's a long process. Read the article, read the article. It's a long process. Um, uh, Nick miles or saying initially GPU money is they get rex, RX 30 series scalpers. I I'm so angry at this too. I'm, um, um, I, I, I, I was like, you know, last week I went to the computer center wanting to buy a rig mostly because right now I just kind of want to update my streaming rig and set bit and be ready for gaming and also test out how they work for mining. Right. But the current amount of scalping in Hong Kong is ridiculous. You're expected to pay at least 30 to 50% more for the price of a card. And if you're looking for the top tier, like the, um, three, nine, zero, zero X. Yeah. Just three, zero, nine, zero X. Yeah. That's what that's the correct number for it. Yeah. It's impossible. Ilia Ball says phase two in five, seven years. Then thanks Vitalik. It might be a long time. I mean, currently, right currently expected a lot of people expected to be the end of 2021, where you see the merger. I personally would add one or two years to it. Um, you know, if, if you're playing safe, I would say kind of add one year. And if you don't want to be disappointed at two years, that's kind of how things, uh, go in this space. Now, in terms of the markets, I'm actually pretty happy that the markets have recovered quite drastically and quite quickly up here in that phase. Um, as you know me, I've been reentering a lot of the market and, um, I put, I, like I said, a few, um, weeks ago, you know, Ethereum, Bitcoin, I was actually in the core coins and definitely have a huge chunk in Ethereum. I was thinking that personally, right? Like from a personal angle, it's a lot of pressure trading crypto. You have this huge kind of price variation, ups and downs and ups and downs, and it does take a toll on you. And I think that's like, for me personally, this morning, I, um, I spent a lot of my time and this is, I make no kind of, uh, I don't hide this from you guys. A lot of it spent managing funds, just making sure that all the accounts that I have, it's, you know, it's there, it's around, it's surprisingly a lot of work and it's really boring. And it's so easy to screw up. If you want to move funds around, you gotta like, you know, make sure they address is correct. Make sure you have copied it down. Haven't copied it down incorrectly. It's, it's a big pain anyways. Uh, sad times. All right. So yeah, so that's kind of, yeah, that's kind of sad wraps up EVE 2.0. I think it's, it's crazy. We have the deposit. So yeah, phase, phase zero launch, they should update this website. So we're, we can actually just, um, happily move this to phase zero launch. And then now we're waiting for phase one. That's, um, phase one, phase two and on we go. So duration. All right. So you can actually take through their stuff. Um, yeah. So estimate 2021, the docking and the merging. Um, yeah, take, take estimates with a grain of salt. That's, that's my two, that's, you know, being, being in crypto for a long time. I will say that you will not be disappointed if you add a little bit of time on the end. Uh, okay. So in terms of market and in terms of whatever big news there are, do a little bit of a few updates. We have more pushing from Andre Crony. So, um, in terms of the DeFi world, it's, uh, another one, we have the, uh, Y fee X sushi, uh, merger. So this is kind of crazy as well. I think a lot of people thought sushi was dead, apparently not. And this also caused a spike in sushi prices today. If you actually look at it all of a sudden, um, if you just look at the mark, boom, um, it moved up from roughly like 1.6 all the way up to 1.89 dollars at this current point. So a lot of movements, and I was kind of joking about this, you know, Andre's been announcing partnerships day in and day out. Right. So, um, Andre is the guy who created Y fee, the first YFI. DeFi and, uh, he's been, he's been like pushing DeFi so hard. He's been at the center of DeFi. He's been merging with projects. He's been saving projects. He's doing everything. So yeah, if you just like, so he's got the sushi article up recently, he's, uh, what else was he doing? Um, he was doing, yeah, he was doing cover. So there was a merger with cover. There was a merger with cream. There's power pool. Oh my God. Um, it's just total insanity, how much stuff he's doing in this space. And I don't want to say it's, it's, that's the kind of beauty of DeFi. If you really understand how to build products for DeFi, you can just churn them out. It's not a lot of code, right. But you just have to make the code very good. And I think that's the difference. And that's the power and the, the promise of Ethereum as well. Ethereum gives developers a blank state, you know, like not blank state, a blank slate to start with. They can draw anything they want. They can program and design anything they want. And this few years, developers are getting better. They're not perfect. All right. I think we've seen a lot of vulnerabilities in code, a lot of hacks over time, time, but good developers can come up with something very clean, very simple. And it's not many lines. It's not like you're going to program Facebook or Microsoft windows, which contains hundreds of thousands of lines of code in DeFi. The amount of code is very small. It just has to be very precise and without any vulnerabilities. That's the core of decentralized finance. So this is why Andre can do all this stuff. He can do all this crazy stuff because you don't need much code. You just need a lot of brains. Anyway, that's the magic of it. Enough luxury, enough luxury. We got, we got Sugar Zeus is Cardano is Ethereum successor. Ethereum is Ethereum successor. Cardano offers something different. Algorand offers something different. Heck, Ripple is even doing smart contracts. It offers something very different. Binance Smart Chain offers something different. I will say, you know, yeah, that's my 10 cents. You know, I've been around since 2017. I think all projects that claim to be a successor to Ethereum were really taught a very grim lesson when they realized that the developers just aren't moving over. DeFi isn't, you know, as vibrant of a scene on other blockchains as Ethereum. And this is kind of the major contest. And I don't see like, and moving forward, I don't see all these blockchains as competitors or successors. I really see them as ads, you know, value ads. And I think that's kind of the power of Polkadot too. If you look at where Polkadot is doing, they kind of really say, look, developers can make their own chain, they can customize a chain for their own use cases. And then we have a framework that links everything together, including linking with Ethereum. And even or Cardano can link with Ethereum once Cardano deploy smart contracts. I think that's the way it's, it's much more cooperative in crypto. I kind of say that that's my kind of take on it. I don't think anything's going to kind of success or anything, but I think it's much more about cooperation. And I think it's like preaching here. I think I just have to go and, all right, you guys have to allow me for this. I have to gloat a little bit here because, you know, I've hung around with a lot of maximalists too. Like people who think that Ethereum is a scam. I still remember to scoff a few maximalists give, gave when people talked about DeFi and said, oh, you know, is that the next thing that these little kids are on? You know, it's the next hype thing, the next pump and dump. But there's a lot of value here. We actually started using the kind of tools and decentralized finance. I still remember the Bitcoin maximum is laughing and saying, ha ha ha. No one's using wrapped Bitcoin because, you know, Bitcoin is way more secure. Why would you want to wrap Bitcoin on Ethereum? That's the dumbest thing I've ever heard. And this year, you know, wrap BTC has become bigger and bigger and bigger. We're seeing more and more value locked. I mean, look at it. The market cap of wrap, wrap BTC is $2 billion at this current point. So yes, there is there. Actually, I'm going to, I have to switch this to this screen, but yes, wrap Bitcoin is coming over and it's very clear that decentralized finance is taking a larger and larger role. And that trajectory is going up, right? I think that's, that's kind of key to remember here too, is that that's, this trajectory is on the upward trend. And this is why I'm so glad to be in this space and not wrong. I think that there's a certain point that like, I could have done gone down that dark path where I'm like, Oh, I'm a maximalist. I don't want to listen to anyone else. Everything is a scam. There's so many scams out there. I'd rather not listen to it. Just shove. And just like, you know, I'm close, close my mind to the outside world, but that's when you miss out on everything. So anyways, I'm, I'm just, I just need to say that I'm glad I didn't go down that path. And I hope you guys can say the same as well. Um, not to mention Ren BTC will hire market cap, Ren BTC. Yep. Ren BTC is really good too. Um, there was actually a Ren, uh, Ren wrap Bitcoin pool. In fact, Ren, like once the full Ren, like kind of network fully deploys, they're doing such a lot of sexy stuff in Ren. Um, the amount of kind of assets that I migrated. Now I personally done that migration from Bitcoin to Ren BTC as well during the farming days. Um, I think I didn't talk about it as much, but that's been done. It's such a simple process. The ability to migrate between chain that's really happening this year. And yeah, uh, it's powerful. It's powerful. So, um, uh, I got a few questions popping in. We got FetB and villages is what's up, brother. What's up. And we're looking also at the markets too today. Um, there was a lot of excitement going on. We have Bitcoin pushing up yet again. We had, okay. So yes, we did have a dip and this does happen. So I've been warning guys about this type of dip as well, where you have these sudden drops down and very likely that people get liquidated at this point. So just be very careful about taking strong leverage positions, not financial advice, of course, but we've seen kind of how many people get wrecked here and kind of the V shape move up. So likely some people got liquidated and then whales were able to buy at this kind of bottom point. So, um, yeah, but anyway, so we're on that way to recovery and something that we've seen right now is this kind of talk about market recovery overall. And, um, you know, I had the, should I say fortune or misfortune of watching a little bit of news today to figure out what's happening on the global market stuff. I had the misfortune of watching Bloomberg. But anyways, there's a lot of chatter, you know, about the global economy recovering. There's hopes for it, it recovering and you go and think about it. Yes, it's great. Um, but one thing you guys are really missing out is a discussion on Bitcoin. I think like they're slowly mainstream media slowly starting to get it. And this is something that's will become more and more valuable. I think it's like, it's like, just like defy the talk about cryptocurrency, that trajectory is going up. Does it work? Yeah. This, this way it goes up, right? Yeah. I'm just trying to make sure it works on camera. So it's going up. You never want something to be going down. And, um, I had to happen to me once. Um, I'll tell you guys a story. I'll, it's digressing a little bit, but, um, this analogy really works. So, uh, back in my studying days when I was studying chemistry, um, I was trying to apply for a PhD in Imperial college. So this is one of the top tier research institutions in the UK. And there was one very, very famous prof. And I went to interview for him. I was like, okay, maybe I want to do a PhD with this guy. And this guy was just brutally honest. He was like, look, take a look at your grades right now. They're going down. They're going this direction. Right. It's just right to my face. Right. Like he didn't want to say anything nice. He was just like, say, hey, you, you suck. Right. And, uh, it really hurts at that time. You know, it never, it's never good to be on a downward path. Right. But he was like, yeah, you'll be on a downward path. And I still remember it to this day, even though it's many years ago. Uh, but it's a driving force, right? Like it's, you know, you realize, okay, that's, you can, someone being brutally honest like that will kick you into a fighting mode. But a sad part about, you know, after I watched Bloomberg and stuff, and I realized I watched all that stuff is that there's no switch, right? They know that they're going down. Right. But there's no kind of energy to fight up. It's like, they're all just kind of waiting for the government to save them. I feel like that's the saddest part about watching mainstream meat news and seeing kind of how this, the old financial institution at that current point, it's like, they don't realize they're going down. They don't realize that doing, they're doing worse and worse each year. And we're on the other side of that. We're doing better and better and better. Right. Yes. We had a few setbacks back in 2017, too many scams, too many ICOs. Uh, but then we have this whole year of DeFi starting to demonstrate its use cases. And this is just the beginning, right? And I feel like this is why I'm here. This is why, um, yeah, this is, this is why it matters. Like we are on the upper, upper trajectory. And we're also trying really hard here. Not only are we fighting, but we're like guns blazing, right? This is kind of crazy. Anyways, I'm not going to digress too long, um, about it. Um, but it's, um, there's a case, um, box should tell Angela, one says box should tell the profit. If you accept my application, essentially buying the diff, oh, oh, all right. So, uh, on this note as well. So I do have a few things I was covering. Um, I was like, let me see what else was happening today. So there's a few launches today. This, this morning was so busy. I was looking at base finance. I'm not based finance base protocol. Um, they've successfully launched today. So there, if you guys want to check out their interview, I do have an interview with the guys at base protocol and, uh, they're doing a rebase coin. So this is base protocol right here. So they successfully launched today. They have their website up and we had a great debate on this. Um, this kind of idea of rebasing coins and doing, um, uh, trying to create a synthetic asset. I think this is one of the biggest kind of, uh, crazes of DeFi. And I had, um, I played against this, right? So if you look at my debate with, um, Nick, um, from base protocol, uh, we were kind of doing this debate of like, is rebase useful or not, but regardless, the market will decide. And I think that's the beauty of this whole space right now, the market will decide what's going to happen. So check that out. Epic debate about, um, base and rebase fine protocols and base protocol itself. And there's a lot of excitement. I don't, I don't deny that there's a lot of excitement on this. And a lot of DeFi has been about creating synthetic acids and synthetic versions of acids. And, uh, so one of them is definitely base protocol. Check that out. And the other one, I'm getting so confused with the names here. Basis cash. Holy crap, man. So I'm not going to show this. I'm just going to say and declare, um, leak this out a little bit before people say that I don't talk about my yield farming. So this is the yield farm that I went into yesterday. Um, it's only for a very limited amount of time. So it's five days of yield farming and that's it. Um, so personally for me, I'm in this pool and I'm in this pool. There's a limit of $20,000 per pool that you can get, but the rewards have been pretty good so far. So initially the rewards are roughly around 10% per day, which is outrageous. Now, roughly it's around 1% per day. So it's still pretty good. It's still pretty. All right. So if you're interested in checking that out, um, I don't want to endorse these things because there's a lot of risks in there, but I'm more or less stating that I am in this pool. All right. Um, you know, there you go. Um, so yeah, so, and in terms of like these pools here, I think, um, just give you guys a reminder and I'll be shameless about this. This one has no impermanent loss. So you just basically deposit your USDC and this one, you deposit your USDT, you go in there and you get your rewards for these pools. This does involve impermanent loss. These rewards will be higher. That's why it's highlighted, but I typically avoid these, uh, because you need to stake and have, um, be subjected to impermanent loss. Um, I'm shameless here. I just deposit, I take my free coins and go. Um, like, you know, don't blame me. Don't kill me. Don't, don't kill me, bro. Don't kill me. So, yeah. So I'm usually, I usually go for the, the, the ones with the least risk to my capital. Um, and I just take the free coins. Um, that's me. I'm a beggar. Okay. I'm a beggar. I'm just going to go there, beg for coins and, uh, call it a day. So yeah, that's my two cents. Um, but, and on, and on that notice, we'll just be very careful there. There's a lot of, um, there's some restate there. It's also another rebasing coin. Um, they get a little bit crazy. All right. They get a little bit crazy. So yeah, my two cents there. Um, I'm not speculating on the meter. Um, I'm not buying them off the market. I feel like these things, like, yeah, it could be a little bit crazy. Um, yeah. Impermanent loss experience. Um, Steven Oteski says, have you used serum decks? Any thoughts on the UX actually figure like you, uh, serums actually not bad. Um, it's started off pretty bad. Um, there's still a lot of work to do. So, um, you know, for me, I hold serum. I talk to Sam a lot. I'm kind of brainwashed in that sense. Um, not brainwashed per se, but I kind of hear his arguments and I make a lot of sense to me of, um, how and why they need to build that decks that way. Uh, so I've used it. Um, there's it's so fast, but the UI needs to be improved. I think that's kind of the key here. Um, lots of improvements that are needed and they're building them at a very fast pace. And I'll, if you guys are interested, do request a video. Um, you know, just keep typing that out. I just want to see how much interest they are and what's going on there. Um, okay. So So answering some other questions. Oh, I think I have another, um, update as well. Injective from injective side. So injective labs as well. And this is also like, this is why I'm like so busy every day. So injective, they just launched the solstice test net. So we have the early access launch already. So if you want to get on board and check it out, do check out, um, their half, like they're also building up. Um, actually I should just, I should have moved this here. So injective, they are kicking off their, um, they have actually a 10,000 users who joined the waitlist to check out the protocol. If you don't know what injective protocol is, it's a custom design protocol for derivatives trading market. So yet again, it's also another, a huge platform for decentralized trading. So, you know, DEXs are huge this year. We saw Uniswap, SushiSwap. Uh, we just talked about serum just now, and then injective, they have their own chain and their own DEXs as well. Focus on derivatives. Um, so yeah, Sam Val, so yeah, so much going on. Um, Sam Val, Dallan says, are you in ramp? Saw you make a video about them a while ago, their partner with Tezos yesterday. There's so much going on. So I do hold ramp. There's, um, there's a list of coins that I hold and, uh, man, I was building that up. And then I realized, man, I have way too many things at this current point, um, in time. It'll get done. It'll get done guys. And, uh, first and foremost, I think I wanted to do the material on ETH 2.0 because it's just launching. So it makes the most sense for me personally to experience it. And also for this channel as well, but we're going to get to other topic. We also have a lot of, um, questions about XRP. There's a lot about, um, talk about that. I think the XRP shows have been reanimated at the current point. Um, from a deep down philosophical perspective, I don't believe what they're doing is very powerful at this current point. Like a lot of people, they're talking about linking with banks and stuff. And yes, this can be done with the ripple protocol, but the ripple protocol doesn't need to necessarily use the XRP coin, which has been one of the major kind of weaknesses of XRP. That being said, of course, um, the counter argument here is, can it move up during this market? I will say, yes. I think a few of my friends have heavily gone into XRP kind of anticipating that the public generally likes it more. Um, I guess if you want to say that there's no way for me to argue against that. So yeah, that's my current take on it. There is of course, flare coming up. They're trying to bring Ethereum, um, smart contracts onto ripple. So that could be a useful use case for a ripple in the future, or at least XRP in the future. But anyways, um, that is crazy. All right. So I think that's what wraps up what I want to talk about. Ethereum 2.0. I'm actually pretty excited to see where the nodes go up. And then tomorrow, I'm pretty excited for tomorrow's episode two about where everything's going. So my node, I'm just checking on the status on that. Um, I have it open on this window. It's up already, but it's not, um, it's not synced yet. It's still pending right now. So I'm pretty, I'm actually pretty excited to see, um, and show you guys that for tomorrow. So in tomorrow's episode, I'll show you, I'll go through the process of everything, setting it up and it'll be super, super fun. Um, I think that's pretty much it for today. Um, we've talked a lot guys, um, guys also smash up the likes. It really does help with this channel. Um, being you on YouTube or no, we're kind of like with these YouTube rules and stuff. So yeah, just check that out. So smash up those likes if you can. Um, all right, we have XRM, XRP. Um, so something we'll do probably do for the future is to put on slow mode for chat. I do want to answer questions, but I would say that if you guys, um, can please post, post questions just a single time. Um, really, really, really respect that. Um, just huge kudos for everyone who is super nice and everything. Um, yep. And yeah, that's pretty much it. I hope you guys also got a ledger cause I think the ledger sales over today. Oh, that sucks. But anyways, I think that's pretty much it for today. I do want to say, um, check out all nodes. Um, been using that for a long, long time and that's what we're going to use. I think it was, it made the process a lot easier. Let's be honest. And it's around $5 a month to maintain a node in that sense. So it's pretty super cheap as well. So that's pretty much it for today. Um, oh yeah. Also successful launching point as well. So if you guys are being following coin, um, they've successfully launched last week, I should have, um, should have congratulated them. But anyways, anyways, anyways, good night, thank you guys so much for coming in and, uh, uh, uh, Volk hop fixes. So no more mining. Actually, there will be a lot of mining, uh, mining will stop after, um, the full kind of merger between ETH 1.0 and 2.0, but with ETH 2.0 being deployed, it's a separate network for now. So both are running at the same time. So like, it's kind of like if ETH just gave birth to a baby, you know, that's the best way to describe it. You know, this baby's alive. Um, it's going to run for a while. It's, it has to grow up, you know, right now it's, um, phase zero, it's going to go up to phase one and phase two. And this baby is going to be very malicious. Uh, when it grows to phase two, it's going to eat up its mom. Yeah. It's a horrible analogy, but yeah. Uh, once it reaches phase two, hopefully in two years, it's going to eat up the current, um, Ethereum main chain. That's when mining stops. But until then, until then we have both existing at the same time. Uh, uh, Oli Hopper says, can you cover the link at some point? Mate, love your vids. Sure. Why not? Link has a lot. Oracles is a huge discussion topic. So anyways, that's there. All right, guys, thank you guys so much for watching today. Uh, I hope you enjoyed this video. If you did smash up the likes and with that, I'm going to post the outro. I like to take the time now to tell you a little bit about everything that's happening in the box mining ecosystem. First and foremost, if you guys like listening to all that's happening in crypto on the go, then I would highly recommend you checking out the box mining Bitcoin out of the box podcast. And the reason why it's called Bitcoin out of box is because we have a long interview segments, very much exploring the detail of the newest and latest of what's going on in this whole cryptocurrency space. Whole idea of it is to bridge that gap between knowledge, privileged institutional investors and the rest of us here in this space. 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I really hope you have a good one. See you in the next video. Bye.