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01:36:46 · 5 years ago
Ethereum Investing

Pet3r Pan | Layer Zero

Exploring the Human Side of Ethereum

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Pet3r Pan got into crypto around 2017, writing his Before Bitcoin series and finding his way into the Ethereum community. As a core member of the movement, Pet3r is one of the earliest DAO pioneers as a champion of Metacartel.

This conversation revolves around the power of curating people and projects. Metacartel has instantiated itself as a loose-ish collective of certified 'good people.' Trust, positive sum personalities, and vibes are all forms of capital under this new paradigm. It's pretty cool.


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Transcript
00:07

welcome, to, layer, zero, layer, zero, is, a podcast, of, unscripted, conversations, with the, people, that, make, up, the, ethereum community crypto, is, built, by, code, but, is, composed by, people, and, each, individual, member, of the, community, has, their, own, story, to tell cypherpunks, understood, that, the, code they, write, impacts, the, people, that, use it, and, layer, zero, is, a, podcast, that focuses, on, the, people, behind, the, code because, the, theorem, is, people, all, the way, down, and, it, always, has, been today, i'm, talking, with, peter, pan, who, is a, fellow, class, of, 2017, crypto, person, got

00:39

into, the, world, of, crypto, around, the, same time, i, did made, similar, typical, newbie, mistakes that, one, does, buying, xrp, um, but, peter immediately, injected, himself, right, into the, core, of, the, ethereum, community, and kind, of, led, the, charge, for, dallas, he, was one, of, the, earliest, dowers to, really, kind, of, reinvigorate, this whole, dao, revolution, starting, i, think, in maybe, early, 2019 peter's, legacy, along, with, others, as, well

01:11

is, metta, cartel medicartel, was, the, first, dow, after moloch, dao, to, really, use, the, the, dope molok, framework, and, to, try, and, bestow part, of, what, its, visions, should, be, upon the, world, via, funding, grants, but, it's really, turned, into, much, much, more, than that, i, think, meta, cartel, is, um it's, a, meme, that, is, also, um a, public, good, kind, of, it's, a, it's, a, vibe that, we, all, as, a, collective, humanity, can tap, into defining, meta, cartel, i, think, is

01:41

inherently, impossible but, i, think, you, will, as, a, listener understand, why, after, you, listen, to, this conversation, with, peter, pan so, without, further, ado, let's, go, ahead and, get, right, into, that, conversation, but before, we, do, a, moment, to, talk, about, some of these, fantastic, sponsors, that, make the, show, possible, bankless, is, proud, to be, supported, by, uniswap, uniswap, is, a, new paradigm, in, asset, exchange infrastructure, instead, of, a, cumbersome order, book, system, where, trades, are matched, with, other, humans, uniswap, is, an autonomous, piece, of, software, on, ethereum which, is, what, ryan, and, i, call, a, money

02:13

robot, no, human, counterparties, or centralized, intermediaries, just autonomous, code, on, ethereum, input, the token, you, want, to, sell, and, receive, the token, you, want, to, buy, something, brand new, in, the, uni-swap, ecosystem, is, the uniswap, grants, program, is, now, accepting applications, for, grants we, have, been, saying, this, for, a, while, and we'll, say, it, again, dows, have, money, and they, are, in, need, of, labor, if, you, think that, you, have, something, to, contribute, to the, uni-swapped, out, apply, for, a, grant, to uni-swap, just, look, at, the, size, of, the uniswap, treasury, it's, almost, 3, billion

02:46

this, mountain, of, capital, is, looking, for labor, do, you, have, something, of, value, to contribute, to, the, uniswap, dao, no, matter how, big, or, small, your, idea, is, you, can apply, for, a, uni, grant, at, unigrants.org and, help, steer, uniswap, in, the, direction that, you, think, it, should, go that's, exactly, what, we, did, to, get uniswop, to, be, a, sponsor, for, bankless, and you, can, do, the, same, for, your, project thank, you, uniswap, for, sponsoring bankless, the, era, of, proof-of-stake, is upon, us, proof-of-stake, systems, like ethereum, terra, and, solana, allow, the industry, to, move, away, from, the, hot, loud

03:17

and, wasteful, proof, of, work, systems, and return, back, to, a, cottage, industry, of individual, stakers, and, individual validators, and, that, is, what, we, need, to make, this, industry, stay, decentralized individuals, must, play, their, part, in crypto, network, validation, and, that, is what, lido, is, here, to, do, lido, makes staking, accessible, to, everyone, at, the click, of, a, button, by, delegating, your stake, to, lydo's, network, of, nodes, you, can access, the, yield, offered, by, proof, of sake, systems, and, claim, your, share, of, the network, transaction, rewards, do, you, have 32, eth, and, want, to, stake, it, to, ethereum

03:48

but, running, a, node, sounds, intimidating or, maybe, you, have, less, than, 32, eth, and you, need, to, pool, your, eth, with, others, so you, can, access, baking, yields, lido, offers a, solution, for, both, simply, go, to, lydo.fi choose, which, assets, you, want, to, stake and, deposit, them, to, the, leido, validating network, lido, is, working, to, make, sure proof, of, stake, stays, as, decentralized, as possible, and, is, committed, to decentralizing, its, own, validating network, to, eventually, become, a completely, permissionless, protocol, so, if you, want, to, stake, your, eath, tara, or, soul and, get, liquidity, on, your, steak, go, to

04:20

lydo.fi, to, get, started all, right, guys, we, are, here, with, peter pan, peter, what's, up it, is, a, pleasure, to, be, back, on, uh bankless, well, leia, zero, i, guess, uh there's, zero, no, yeah different, series, right, yeah, yeah, so, you have, different, like, series, and, focuses and, totally, yeah, player, zero, is, just basically, the, tuesday, flavor, of, bankless at, this, point, uh, so, yeah, it's, the bankless, podcast, but, the, layer, zero sub, category, i, guess, yeah, i'm, stoked, to

04:52

get, you, on, for, longer, than, just, 30 minutes, because, the, only, other, time we've, had, you, on, the, show, was, uh, the 30-minute, pre-interview, about, what, it was, like, to, write, that, before, a, bitcoin series, which, turned, into, like, an, audio book, type, podcast yeah, um i, think yeah, that, was, beautiful, uh, thank, you, so much, for, doing, that, yeah, uh, thank, you for, it, was, so, weird, because yeah, it, was, like like, i, wrote, it, and, like, when, i, first came, to, crypto, and, like, no, one thought, like, i, some, people, read, it, so

05:24

it's, cool, but, no, one, really, like shauna's, spot, like, no, one, cared, about, it for, pretty, much two, and, a half, years, yeah right uh when, you, wrote, it, it, was, in, the depths, of, the, 2017, mania, right, so, like not, necessarily, the, the, community, that would, appreciate, a, post, of, that, nature so, the, funny, thing, was, that, yeah, this was, one, of, the, first, things i, i, discovered, crypto, started, going, to rush, like, workshops, dev, workshops, and, 17 but, i, think, in, 2018, i, went, full-time

05:55

just, like, i, want to, learn, about, the space, i, want, to, find, a, job, i, want, to, do stuff, in, here, and, i, start, asking questions, really, on, a, fundamental, basis of, like, you, know, what, is, crypto, what, is blockchains, what, is, technology, like, what what, is, cryptography, who, created cryptography uh, and, when, i, wrote, it, it, was, just, like i, couldn't, i, wanted, to say, through, the history, i, first started, talking, to, crypto, people, again, i realized, i, couldn't, really, i, didn't, i basically, didn't, shut, up, about, this stuff and, then, i, think, that's, when, i, realized i, should, i, should, i, should, write, this down um, and, i, think, i've, the, series, was

06:26

mostly, finished uh, when, the, time, i, went, to, my, first, ever crypto, conference, uh, in, may, 2008, 2018 that's, right uh, in toronto, for, edcon um, i, was, a, sponsor, it, was, a, sponsored trip, like, some, people, uh, bucky, pooba, in sydney funded, me, to, go, on, a, scholarship, to, go to, the, conference, and, i, didn't, know anyone, i, didn't, have, any, friends, so, in the, hashtag, edcon, hashtag, for, the conference, i, just, posted, like, i, kept, on

06:56

posting, this, link of, like, the, 70s, intro, to history, on, uh, before, bitcoin, and surprisingly, i, met, a, few, people, such, as philip, um and, chris, safer, like, who, were, working, on brain, bot, and, i'm, token, back, then, like just, different, people, i, know, all, the, way to, today, that, like, actually, like, came across, what, i, wrote, and, then, i, actually read, all, of, it because because, you, just, tweeted, out, the, the link, with, the, hashtag just, because, you, speak, barely, like, i barely, had, any, crypto, followers, or

07:26

anything, and, i, was, just, like, spamming that, hashtag, of, like, hey, check, this, out the, history, of, crypto that's, hilarious, uh, not, not, too, many people, know, this, but, i, kind, of, have, a similar, like, entrance, into, crypto, for, at youth, denver, 2018., i, wrote, out, some essays, that, i, thought, would, be interesting, and, i, didn't, have, a, medium account, i, didn't, know, what, a, medium account, was, at, the, time, uh, and, so, i printed, out, these, essays, and, i, was handing, them, i, literally, had, a, backpack that, felt, like, 20, pounds, of, paper, and, i was, handing, them, out, physically, to people, at, east, denver, 2018.

07:59

i, think, uh, some, of, the, early, cypherpunks did, that, as, well, uh who, it, was, but, you, know, they, were handing, out, the, cypherpunk, manifesto, and paper, to, people right, they, were, doing, that, in, the, 80s and, 90s, right yeah, that's, right, good, point okay, so, uh the, the, very, basic, question, that, i, think i'll, start, with, is, like, how, what, was your, first, entrance, into, crypto, how, did crypto, land, in, your, life honestly, um, i, think, well, i, think, this

08:31

went, back, to, 2012, and, 13, when, i, was online, i, was, like, doing, weird, internet things, i, was, like, learning, how, to, like it's, like, they, were, online, they, were like, weird, firms, about, things, such, as like, how, do, you, social, like social, engineer, systems, so, you, can, get like, free, cans, of, red, bull right or, like, you, know, you, learn, it's, like, it was, a, whole, forum, about, like, you, know weird, tricks, in, society, like, in, life sort, of, it's, like, real, life, like, real life, exploits, yeah, it's, like, really exactly, real, life, exploits, and, bugs, that were, sort, of, harmless, right, like, how, do

09:02

you, get, three, cans, of, red, bulls, like, he messaged, the, support, being, like, oh, my god, i've, bought, six, cans, and, they're absolutely, nothing, in, all, of, them they'll, air, i, wanna, i, would, like, a replacement please, right, or, like, how, do, you, get, a small, fry, at, mcdonald's, for, free, just, go when, it's, busy, and, awesome, you, missed they, missed, it, right, um, like, we, had little, society, bugs, like, this, and, that and, one, of, the, forms, was, like uh yeah, they, were, like, you, know, it's, like hey, you, can, earn, several, dollars, a, day clicking, captures and, uh, that, happens, to, be, a, site, where

09:34

you, basically, like, it, it, was, like bitcoin, falls, back, in, 2012, or, 13. uh, and, that's, where, i, discovered, bitcoin i, just, like, for, a, day, or, two and, like, you, know, barely, sense, just clicking, on, captures, and, like, getting bitcoin, from, different, drips, and, faucets and i, think, that's, when, um yeah, and, i, didn't, think, too, much, about it, i, was, like, this, is weird, why, am, i, doing, this, this, is i'm, gonna, stop, doing, this, this, is, like, a very, little, benefit, to, me, was, it, was, it because, of, the, money, or, just, because, you could

10:05

because, i, could, i, was, like, fascinated with, i, like, set, up, wallets, i, was, like collecting, like mini, bits, of, satoshi's, every, time uh, and i, just, went, down, different, rabbit, holes you, know, uh, on, the, internet, like, that, so like, you, know, i, still, have, the, account to, today, so, it's, like, today, it's, like seventy, dollars, maybe, right, but, i, like it like, wow, did, you, were, you, one, of, those few, people, that, actually, kept, the private, keys, of, their, first, bitcoins they, ever, got yeah, i, i, i, i, actually, surprisingly, i

10:35

don't, know, how, i dug, it, up, but, i, like, i, remember, one, day i, was, just, like, looking, like, i, wonder, if like uh, i, have, anything, i, just, like, searching my, email, and, yeah, i, still, have, it actually, too, bad, the, airdrops, aren't really, a, thing, on, bitcoin, because, those wallets, would, have yeah yeah, um, so, i, learned, about, that, then skip, didn't, care, anything, about, it, i, was really, like, working, mostly, like, tech startups, in, sydney in, like, 17 uh, 16, and, 18, and, um

11:06

around, that, time, period, and uh, i, sort, of, got, bored, of, like, building web, 2, and, i, think, i, started, exploring again and and, you, know, i, think, i, started, hearing about, like, i, think, in, the, mid, early, 17 like, people, talking, about, investing, and figuring, out, how, like, you, know, uh, and, i was, like, wait, what's, ethereum, and, i learned, there, was, like, many, different cryptos, other, than, just, bitcoin, like, i heard, about, like, omg, made, safe, like see, a, coin, and, like, what, the, hell, is gnosis, i'm, like, what, the, hell, is, all, of this uh, and, then, that, uh

11:36

wasn't, so, basically, like, watching youtube, [ __ ], coins, for, like, you, know, she coined, videos, for, a, while, until, i, think in, september, october, of, 2017, where, i went, to, my, first, ever um, crypto, workshop, where, uh, that, bucky pupa, the, legendary, dev, of, the, godfather of, crypto, in, sydney, basically, it, was back, then, like, running, uh, four, hour workshops, at, the, time, several, times, a week, around, like, what, is, a, private, key what, is, a, blockchain, network, it's, like what, does, i, can, you, know, what, does, it look, like, to, run, a, light, node, sync, a light, node, right, like, and, that's, when

12:07

when, i, went, to, my, first, one, i, was, like basically, like, it, blew, my, mind, like whoa, that's, like, this, is, way, more, than just, like uh, speculative, investments, this, is, like entire, like, platform, like, this, is something, that, was, gonna, be, super, huge and, just, like, fell, down, the, rabbit, hole pretty, hard, like, i, went, to, every, one, of the, workshops, pretty, much, um afterwards, and, um yeah, and, uh, i, think uh, that, was my, entry, into, crypto so, there's uh, often, at, least, for, people, who, come

12:39

into, the, ethereum, community, there's, like two, aha, moments, there's, the, aha, moment of, like, oh, this, crypto, thing, is, for, real and, it's, here, to, stay, and, then, there's the, aha, moment, is, like, oh, this, crypto thing, is, really, all, becoming encapsulated, by, ethereum, did, you, have those, two, aha, moments, as, well, it's, not like, you, definitely, had, the first, you just, described, it, was, there, anything like, that, aha, moment i, to, be, honest, i, i, was, definitely, an, xrp holder, in, the, beginning, i, like, bought everything, i, bought, litecoin, i, bought monero, i, bought, xrpl, i, was, like, and, i think, i, showed, up, to, that, dev, workshop

13:10

being, like, yeah, i'm, an, investor, like you, know they're, like, what, are, you, investing, in like oh, like, ripple's, gonna, be, totally, like revolutionizing, the, future, thank, you, and they're, like i, sort, of, now, understand, why, they're looking, at, me in, a, weird, way um, and, i, think, over, time, like, what, i, i just, realized, that all, these, really, shady, people, were, like hanging, around, all, the, other, projects and, only, really, the, real, developers, and builders, were, hanging, around, like ethereum

13:40

their, phone, community, so, i, sort, of, like naturally, like you, know, made, that, realization, of, like oh, this, might, be, the, most, legitimate, one right, uh, you, know the, developer, that, you, were, talking about, who's, leading, the, workshop, when, he was, talking, about, private, keys, and blockchain, networks, was, he, was, he, using it, is, ethereum, as, like, the, model, or, was it, more, just, like, technology, independent no, it, was, definitely, a, theory, he, was showing, me, uh, if, like, light, node, syncing he, was, showing, us, how, to, deploy uh, erc20, contract, through, remix

14:11

uh, you, know, and, we, were, using, like, you know, i, think, e4, wallet, back, then, as, well um yeah it, was, like, very, eccentric, so, yeah, yeah when, you, were you, said, you, got, bored, with, uh, working in, web, 2, and, you, work, for, tech, startups so, what, were, you, doing, for, tech, startups like, what's, your, like, technical, skill set, before, you, came, into, crypto, um yeah, i, was, a, ux, designer, so, i, talked, to all, the, users, right, so, uh, the, last project, like, web, 2, product, i, walked, on was uh, cans, aid, so, it, was, like, basically, uh

14:41

this, it's, basically, like, if, you, have cancer, you, uh, mostly, like are, guided, by, treatment, plans, and, uh like, uh, you, know, based, on, paper, right like, you, know, there's, no, real, way, to actually, like, deliver, information, uh real, time, from, like, yourself, to, like, you know, clinicians, right, so uh, like, the, whole, uh, life, cycle, of, like getting, cancer, and, like, going, into prevention, and, like, treatment, like, it was, just, it, was, like, in, chalk, and, like stone, basically, right, so, it, was, like, i was, working, an, app, that, basically

15:12

collected, all, the, data, fed, it, to clinicians, and, i, was, a, person really, understanding, talking, to, all, the cancer, patients, clinicians, family members, everyone, part, of, the, journey, and just, like, understanding, the, problem space, this, was, like, very, early, on, with the, startup, now, still, running, today, um and uh, yeah, i, was, i, just, talked, i, was, the person, to, talk, to, everyone, uh, and, put details, into, a, doc and, uh, distilled, them, into, products, and like, features, and, problems, and, data, to biz, dev, marketing, and, uh, you, know product, and, you, know, i, designed, ui

15:43

and, but, you, know, a, lot, of, it, was, talking to, people what, about, that, like, behavior, or activity, do, you, see, yourself, like recycling, skills, into this, current, web, 3, crypto, world i, yeah, i, i, sort, of, feel, like, i, hadn't like, with, community, building, i, just, like um well, i, feel, like, with, community, building that's, a, lot, of, what, i've, done, in, the last, couple, years, and, still, do, a, lot, of today, like, at, least, helping, projects think, through, this um and, i, would, say, that, a, lot, of, it, is, just like, i, take, a, i

16:15

i, really, i, guess, take, a, lot, from, product design, and, your, design, and, user, research because, i, think in, product, design, right, like, you the, heuristic, or, that, what, you're, taught is, basically, to, really, focus, on, user needs, and, you, know, build, empathy, with users, and customers, right, and, i, feel, like, the equivalent, of, that, of, being, user, like, of having, user, and, product, obsession, in, web 2, is, like, the, website, equivalent, is probably, like, being, community, for, us, and having, empathy, for, community, members right, so

16:45

um i, think, that, it's, really, the, same, thing and, like, design, in, general, it's, like design, is, a, process, right, of, like, id like, identifying, problem, space, i, getting solutions, testing, it, iterating, getting feedback, right, and, with, product, design you, know, i, guess, so, being, ui, designer web, designer, or, mobile, designer, you, just basically, you'll, assign, specific, mediums in, which, you, execute, design, for, it, right um, like, you're, you, know, whether, you're, a graphic, designer, as, well, visual, designer motion, designer

17:16

you, have, techniques, and, tools, to, solve the, problem, right, or, create, a, outcome, or create, experience, i, feel, like, with, um you, know, building, communities it's, really, designing, you're, designing an, outcome, you're, designing, an environment, designing, a, journey, for people, to, go, on, to, reach, a, certain, goal and, instead, of, uh, you, know, wireframes, as being, the, medium, which, you, express, the design, through, you're, doing, that, through uh, communication, text, storytelling organizing, the, layouts, of, discords, even to

17:46

branding, to, you, know, all, these, things and, to, relationship, building, your, these are, your, tools, and, you, know, instead, of me, looking, at, sketch, and, drawing, boxes all, day and, doing, using, drop, shadows, it's probably, more, uh, like, people, are, more, of the, interface, of, community, building, so this, is, the, analogy, i've, always, i've always, had uh, you, know, and whenever i'm, stuck, i, usually, think, like, what how, do, i, design, myself, out, of, a situation, or, someone so

18:16

this, is, really, interesting, and, i'm trying, to, figure, out, the, right, question to, ask, um so, it, feels, a, little, bit, like, social engineering, right, where with, ux you're, trying, to, optimize, towards, an outcome, my, social, engineering, has, like, a very, negative, connotation, but, right, like it, does, it's, a, very, shady, it's, very shady, connotations, like, it's, not, good right, but, also, like, almost, explicitly crypto, is, um we, are, trying, to we we, have, tools, to, tinker, with incentives, what, does, that, mean, we're tinkering, with, social, dynamics, right, and

18:48

in, the, intro, to, the, show, i, always, say cypherpunks, know, that, the, code, they write, creates, social, systems, or, impacts the, people, that, use, it, right and, so, like, when, we're, designing, these communities, like, when, you're, a, ux designer, you're, trying, to, just, basically ease, the, frictions, to, get, the, outcome that, you, want, right, like, we, have, this outcome, we, want, to, make, as, many, users, as possible, go, through, the, complete, process and, actually, achieve, the, outcome, with like, communities, they're, almost, like isn't, an, outcome, because, the, community needs, to, define, the, outcome, all, your, job is, to, do, is, to, get, people, into, the

19:19

community, right, and, have, the, community figure, out, the, outcome i, think, it different, communities, uh, can, exist, in different, ways, right, like, you, know, the way, you, describe, it, like, you, know, the community, decides, to, outcome, totally right uh, but, a, part, of, that, journey, is, like helping, like, often, like, times, it's, like facilitating, that, discovery, of, what, that community, wants, right and, creating, like, and, creating, clarity right, like, that, is, also, the, process, and once, you, have, some, love, clarity, it's like, people, like i, guess, your, job, is, to, help, people, get that, right

19:49

um, so, in, a, way, it's, very, it, definitely is, very, uh, emergent, but there's, also, something, very, like operationally, rigorous, about, like, once you've, like, identified, what, the community, wants you've, often, also, had, to, help, the, king to, get, momentum, and, find, uh, make, it steps, towards, that, right, um that's, why, i, think, oftentimes, like the, moment, in, which, a, community, really becomes, alive, is, often, when, like, you find, the, community's, trust, win, it's, like you, know, there's, plenty, of, groups, that come, together, that, want, to, do, things, but

20:19

they, often, fizz, away, because, nothing ever, gets, done, there's, no, ownership right, um, and, oftentimes, i, feel, like, the the, key, there, between, like, fizzling, out and, like, really, becoming, something special, where, everyone, jumps, on, and, adds on, is, like you, know, sparking, the, first, win, the first, victory, for, that, group, uh, and getting, making, sure, that, it's, a, a victory, that, everyone, can, feel, sort, of some, sense, of, ownership, around, right do, you, think, that, like so, imagine, a, hypothetical, community, has come, together, there's, a, decent, amount, of energy, in, there, but, there's, no, w's, yet

20:50

there's, no, winds, but, there's, some semblance, of, shared, purpose, and reasoning, goals, in, some, direction, as like, we, don't, know, where, our, winds, are going, to, be, but, we're, going, to, be they're, going, to, be, over, here, like, where are, they we're, going, to, go, that, way, find, a, w, out there, right do, you, do, you, think, that, like, maybe, the actual, instantiation, of, finding, that, w can, actually, change, uh, the, out, the, the direction, of, the, community community's like, well there's, there, were, there's, 30, degrees, of direction, that, we're, going, to, go, we're actually, going, to, go, 30, degrees, to, the

21:21

to, the, left, or, and, we're, also, going, to go, 30, degrees, to, the, right, but, we're going, forwards, but, the, actually, find, the the, wind, 30, degrees, to, the, left, and, so everyone, stops, going, right, and, and because, the, wind, was, over, to, the, left the, wind, actually, dictates, the, future direction, have, you, seen, anything, like that i've, seen, communities, well, yes, i definitely, hesitated, that, but, i, feel like, the, story, of, medical, is, the opposite, oh, tell, me, a, lot, of, medical, a lot, of, medical, toe, has, been, like, i've always, been, very, like i'm, very, like, uh, organized, so, like, i

21:53

want, to, like, make, sure, we, like, find, when structured, wins, but, it's, always, like, i feel, like, whenever, i've, tried, to, guide the, community, in, many, ways um, it's, what, i've, ended, up, achieving, is more, like, incept, like, performing inception, to, people, being, like, making sure, that, like, you, know, it's, like, we need, to, get, go, somewhere, let's, go, i think, we're, in, this, direction, and, then like, people, some, people, resist, that, sort of, the, meme, doesn't, catch, on, and, i'm like all, right, whatever, and, then very, naturally, we, actually, do, go somewhere, because, people, are, generally aligned, with, like, the, requirements, of

22:23

where, we, need, to, go, and strangely, enough, it's, like the, answer, is, very, emergent right, and, then, over, time, i, realized, that you, know, you, need, enough uh, chaos, and, noise, to, exist uh, you, know, like, some, that, is, actually something, like, you, know, a, good, thing, you want, a, lot, of, uh you, know, like, sort, of, friction, and, like bouncing, you, want, ideas, to, float, in, and out, you, want, there, to, be, collisions, of ideas, and that's, sort, of, where, you, know yeah, the, memphis, and, that's, why, i, think you, know, um

22:55

yeah, direction, comes, from, so, like, i realized, instead, of, like, forming direction, frost uh, you, know, like, one, of, the, things, i, the mentality, shifts, i, went, from, in, terms, of making, doubt, proposals, was, like, instead of, like, pointing, in, a, single, direction first, i, you, know, i, started, writing proposals, that, really, just, outlined, the vision, of, where, we, want, to, go and, then, getting, alignment, there, and then just, like, holding, discussions, around that, vision, and, then, very, naturally, the the, sort, of, the, actual, tactical um, direction, really, emerges, from, some, of the, members, right, like, it, just, it, sort

23:27

of, clicks, when, the, right, meme, comes abroad, right, um yeah, and, and, so, that's, how, i've, learned sort, of, how, to, operate there's, there, seems, to, be, like, a, chicken and, an, egg, discussion, here, right, like, do the, visions, dictate, the, winds, or, do, the winds, dictate, the, visions and, i, mean, it, sounds, like, there's, an interaction, between, those, two, things do, you, have, an, opinion, on, which, one's more, important i, don't, think, the, uh, sometimes, one, is important, but, like, sometimes a, long-term, direction, is, impo, is, more

23:59

important, than, the, current, short-term focus, but, sometimes you, need, to, also, run, with, it, sort, of like, i, feel, like, running communities, or, fostering, communities, is a, bit, like, being, sort, of uh, a, dj, sort, of, like, you, know, you're like uh, you're, mixing, tracks, that, work, well with, each, other, you, should, you, sort, of know, what, tracks, you're, putting, on, but at, the, same, time, you're, reading, the, room and, the, next, track, that, you, thought, was going, to, be, good, 20, minutes, ago, might not, be, the, right, track, now, like, you, know uh, but, there, might, still, be, this, overall theme, and, that, you, want, to, like, mix

24:32

throughout, the, night, with, right, like that, you, have, a, certain, set, of, song selections, right, that, you, want, to, like play, within, uh, and, there's, no, right answer, but, like, um you, know, so, i, think, you, have, to, be really, present, and, sort, of, have, your finger, on, the, pulse, on making, sure, you, go, explore, the, areas that, the, community, wants, explore and, at, some, times, make, trade-offs, to just, like, project, into, a, certain, area because, it, needs, to, go, where, it, needs, to go right, and, i, think, that, is, like the you, know, like, it's, like, not, too, much

25:02

salt, not, too, little, just, just, right, just just, enough, right, so um that's, a, another, cooking, analogy, i, guess it's, like, you, know yeah it, makes, sense, because, when, you're, i'm not, i'm, not, a, dj, i, think, you, are, or, at least, you, very, much, appreciate, people that, dj yeah, i, appreciate, my, uh, warehouse, raves and, sounds, yeah, okay, okay, so, it, seems, to be, like, the, the, shared, goal, behind, like a, crypto, community, a, community, at, large but, like, what, we're, really, talking, about crypto, communities, and, a, dj, is, like

25:34

there's, a an, energy, right, there's, a, vibe, that, must be, sustained, uh, and, the, dj's, job, is, to sustain, the, vibe, while, also, directing, it right, like, making, sure, the, vibe, stays alive, uh, and, same, thing, with, it, with, a community, right, like, there's, a, vibe, and the, best, thing the, the, goal, of, a, community, is, to, make that, vibe, shared, by, more, people, right, so djs, want, their, music, to, be, listened, to by, more, people d5, communities, or, crypto, communities want, their, community, values, to, be, shared and, vibed, with, by, more, people, and, then

26:06

have, that, vibe, become, like, stronger, and stronger, and, stronger, over, time, right like, it's, just, like, this, core, energy, of like, there's, probably, uh, other, examples as, well, and, also, like, time, is, perfect yeah yeah, no, this, is, a, perfect, way, to describe, it, and, um yeah, and, there's, uh, you, know, it's, like oftentimes, in, dallas, it's, like, get, [ __ ] done, or, have, fun, or, do, both, and, like, you want, to, have, a, bunch, of, mix, of, both, and do, things, within, that's, in, line, with, the vibe, of, a, community, right yeah, and, like, there's, got, to, be, some

26:36

sort, of, semblance, balance, between, like play, and, work, and, play, right, because, if you're, all, if, everyone, in, the, dow, is working, and, no, one's, playing, well is, that, really, a, vibe, but, also, if everyone's, playing, and, not, working then, like, the, vibe, is, going, to, die, yeah because, like, all, the, economic, resources are, going, to, get, expended yes, absolutely, right, uh the, whole, coming, like, it should, be, a chat this, should, be, a, chat, it's, like, the trade-off, of, like, nice

27:07

yeah, it's, like, the, future, like, nba, the the, crypto, version, nd, it's, like vibing, working, it's, like, we've, got, to find, the, perfect, triangle, like, of equality, here, you, know, um we're, working, hard, playing, joints yeah, the, conjoined, triangles, of, vibing and, uh, working, i, don't, know there's, something, here, somebody, else take, this, and, run, with, it, um, peter, what was, the, the, first, like, crypto, community that, you, felt, aligned, with, and identified, with

27:40

good, question, um i, would, definitely, say, um, i, came, across oh, that's, right, yes, this, is, um, so my, first, crypto, conference, like, in, uh may, of, 2018 you, know, at, contemporanto the, day, before, the, conference, on, i, went to, this, event uh, where, you, know, like, people, were talking, about, eip zero, it, was, a, um, back, then, i, think, the firm, community, was, like, basically, in, a

28:12

bit, of, a, [ __ ], show, like, you, know, because the, uh, eip 999, just, happened, which, is, basically this, like, idea, to, hard, fork, right, oh, no no, it, was, like, i, think, parity's uh, proposal, i'm, not, sure, what, it, exactly was, but, i, think, it's, parody's, proposal to, like uh, like, hard, fork, ethereum, but, that, was shut, down because, like, there, was, like, a, parody multi, stick, hack, yeah, no, that, that, i think, that, was, right, yeah, uh, and, the funny, thing, was, also, vip, 999, backwards is, like six, six, died

28:42

[Laughter] um, so, yeah, people, were, talking, about, uh yeah, zero, um, i, mean yeah, p9, and, i, said, like, you, know, huge contention, because, like, if, i'm, hardcore uh, from, the, dow, and, that, happened, right but, what, about, parody, motorcycle, you know, blah, blah, blah, so, the, ip0, was, a effort, to, basically, go, around the, entire, film, community, to, collect feedback, on, how, ethereum, should, be governed, what, its, values, were, right, uh it, was, one, of, the, first, attempts, to

29:13

really, put, this, on, paper, right, um there's, a, reference, to, layer, zero, here somewhere, with, eip, zero, it's, like, the genesis, of, the, genesis, of, the, culture right that's, right, and, i, think, uh, that, was, an online, survey, and, i, was, like, helping like, collate, the, survey, responses together, right, in, a, figma, board um, but, i, that, was, a, meetup, like, held, by the, shared, magicians, that, was, in, charge of, like, hosting, discussion, about, uh, yeah zero, and, uh, eip, uh, 999, and, i, think, there was, like, justice, steiner, like, uh, it, was

29:44

lane, red, tag, like uh hudson, um i, think, griff, uh, griff, green, they, were on, a, couch, and, there, was, like, a, you, know some, downtown, toronto meetup, space, there, was, like, lfo, there like, all, the, people, i, saw, on, twitter, but were, like, just, on, all, that, like, rl, on the, couch, like, talking, about, this, stuff and, i, was, just, sitting, there like, this, like, little you, know, dumb, nut, just, like, listening, in and, like, trying, to, keep, up and, i, think that, resonated, because, they, were, truly trying, to, like, protect, something

30:15

important, which, is, like, this, like, the community, around, ethereum, right, making sure, it, doesn't, like, fragment, and, you know, making, sure, governance, was, sort, of sort, of, conducted, in, an, open, fashion i, so, i, really, that, i, think, that's, the first, community, i, really, like, resonate with, and, like, forest, man, was, sort, of really in, the, in, the, weeds, helping, coordinate everything, i, was, trying, to, do, i, wasn't, i couldn't, really, participate, in, any, of the, discussions, so, i, just, like, did, the dumb, stupid, stuff, like, hey, i, cleaned, up the, github, issues, i i, tagged, all, the, posts, you, know, um, i

30:48

wrote, the, notes, for, this, right, um, i, did things, such, as, like, oh, let's, like, don't know, anything, about, the, product, managers in, ethereum, and, web, free, back, then, so i'm, going, to, do eve, product, interviews, right, on, on everyone, on, all, the, pms, i, knew um, and yeah, and, at, that, meet-up, i, just, like remember, being, like, wow, this, is, like it's, like, such, a, privilege, potentially to, like, contribute, to, something, so, big right, um and, that, was, like, what's, the, strong impression, i, was, like, i, wanna, i, want, to do, important, work, one, day, i, like, these

David Hoffman

1492 posts

Co-owner at Bankless. Optimistic storyteller of frontier technology.

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