Hashing It Out
Hashing It Out

Episode 116 · 2 weeks ago

Flash Hash: 09/11/22

ABOUT THIS EPISODE

Executive Producer, Christian, attempts to keep Corey, Dee, and Jessie on topic and within two a minutes a piece on three timely topics.

This episode includes the Ethereum merge, Crypto Leaks piece on Avalanche and Kyle Roche, and decentralized weather stations.

Check out our video version on Youtube.

I'm just gonna dive into it. So welcome back to Flash Hash. This is where we take some of the topics that are on people's minds. Cool things, weird things. We've got corey in his car on a family vacation, so we'll get this ready to go. Yeah, that's a dad drink right there. Just drink it up. Uh. So everybody gets two minutes to talk about these topics. UH, Jesse e're up at the top of the screen. Some have you go first today. First topic is the ethereum merge. Everybody's think about it. So you've got two minutes starting now. I have not a lot of an idea about what's going on. In fact, I was wrong twice. I tried to link to General Chat the merge countdown and apparently it was by date, and Joe Blau called me out. Thank you, and then uh, and then I said, Oh, okay, I assumed it was by block height, and then rusty called me out and Joe Out uh, saying that it's not actually based on block heights, based on total terminal difficulty. And then I googled that and I found out that's a parameter I did not know about, and so that's what I learned about the merge in the past week. I mean, you still have a like minute twenty. You have nothing else to be like. I don't know, I'm not I'm not invested. You still in the time. I gotta minute twelve. UH, the merge. I don't know. It's so I get so much nowadays. This feels like the BITCOIN bitcoin cash split all over again, if we argued for four years about the block's eyes of Bitcoin and we're still don't know the answer, if it was right or wrong, whatever direction, bigcoin. And now we've got this merge with theory and which is way, way more permanent. UH, because, I mean it just feels that way. I don't I don't know. There's gonna be another ethereum classic, probably. So now we're gonna have ethereum, ethereum classic and ethereum classic classic or ethereum proof of Work Classic? I don't understand. But there's gonna be another ethereum because somebody's got to make some money off of this proof of work Um. You know, I think it's a massive shake up. I will say. Okay, if I had to go, is the merger a net good or a net bad? I'm gonna say that good. It's a nice little shake up in Crypto. Like all these miners that were depending on this ethereum revenue. They gotta find other ways. I know I've seen articles where they're like we're just gonna be a massive data center for rendering people needing images rendered or whatever, and I was like, okay, that's one option, I guess. Just so you know, I'm rolling into your two minutes now. You've got a minute fifty ish. Okay, a minute fifty. I can talk a lot in a minute fifty. Um. I think it's...

...gonna be a massive test for proof of steake systems, the largest. I know there's other proof of steake, you know, networks out there, but this is, you know, gonna be massive. Um. I've it's been so long and we've talked about it so much it's like my brain is going together what the merge is actually gonna do for ethereum Um. But steake right, that's it. It's just Swich is a proof of steake. I don't think the transaction through put goes up any UM. I think it's a strange a new way. I'm a little bit weary of like how much power, like we're taking the miner's power away. It was just to be a very good like power layer to have is the miners, because they're the ones creating the new tokens security the network. But now we're putting that into the hands of people who have high stake and Ethereum, which, you know, I hope that's a good thing. That's all like coin Bas is one of them. They're probably the largest very pretty much every change, your largest change, is gonna have massive amount of power in this proof of stake system. So I'm gonna just to see how it works out. Um, you know, I think it's gonna be a good thing. Um, I don't really have much else. I don't have a negative view of it, so I really thought too much about it. All right, Corey, you want those extra twenty seconds? Saw you absolutely. So I'll take the time to let people know what's actually happening here. So belatrix is what happened on the sixth and Belatrix is the name of the hard work which allowed basically set up a line of communications between the validator clients and the execution clients. So the things that actually execute chain code, which is currently on proof of work right now. Uh, and then about a week from now, based on the metric that Jesse mentioned, the switch will happen where the execution payload field, which is now available via the Belichick's hard work, will start being filled by the proof of steak blockchain and that the proof of work blockchain, thus turning off proof of work. Then we'll go over there. So that's when the full merge happens. After that there's a bunch of other things that all the additional upgrades and forks and scaling things will happen. So all this did was basically switched for proof of work proof of steak. There won't be any Um like higher transaction throughput lower fees or anything like that. But one thing that I did see online, which I thought was an interesting metric review of it, is that it takes about six million dollars a month to run both bitcoin and ethereum networks, based on the hardware costs of of of miners, and that six millions a month is basically six hundred million dollars of months sale pressure every single month, and that essentially has turned off once you make this migration from proof of work proof of steak, which means that you don't have this massive sale pressure every single month Um and proof of the ethereum blocking anymore. In fact,...

...it goes the opposite of that, based on the emissions rate of U of ethereum once it's in proof of steak, meaning that you actually have monthly by pressure h meaning that the price of ethereum should go up based on Um. The demand for buying more and more and more was relatively low. Because I'm looking, I'll send you the link. will put in the description. I'll put a description of this, but just based on that, just based on the hardware costs of running the network changing so drastically. You no longer have miners um selling the majority of their of their tokens just to keep track of their infrastructure costs. Four current APR FO, seven valid eats on ethereum dot org on the staking website. No more time. Everybody run Nimbus. That okay. I'm sorry. I have to just say there's too many Harry Potter terms going on right now. I don't know if hill partners, but yeah, sorry, when I hear Nimbus I think rick and morty missed a Nimbus that too, but I got a Belatrick's evil witch again, Nimbus broom like. There's just they change the block ID like how does? How does like how do smart contracts? The block I D for the proof of work chain has been changed yet, so that's going to be serious. And the one they actually wanted to change is subject to replay attacks. So that's they're having the whole ship show for the garbage situation that is the UH attempts to take advantage of the proof of work chain that won't exist for longer than a month. We'll talk about long than a month, maybe the next Flash Hash. We're not going down that spiral. You give what your time. You shut up. You do have more questions? Damn well, next time. Next time there'll be more. We're gonna move on to the next subject, that is crypto leaks. Piece on Aval Inch Uh Jesse, do you have any thoughts on this one? Through up, you're gonna Start Your time. Okay, all right, you got something. Just you know, I caught I caught a little bit of it because I I clicked on the twitter post and I just saw that apparently goon hired uh this this uh law firm to kind of Um ship post about other l ones that came out around the same time and like incentivized it with a ship ton of Avalanche Ull, allegedly. Um, yeah, so that kind of was out in and there was a video, I think, posted about showing Kyle Roche uh saying something to the effect that like a are you sure you want to go through with this, or something like that. Um, so, yeah, I don't really know what's going on, but yeah, it's drama and if I guess, if you have avalanche, then you care and you want to follow it. Question Mark. All right, next you can have my time. Well, wait, I reserve my time for questions. Go that is that a thing?...

So it steals your time, unless how much time do I have left right now, Christian, right now, you have right out a minute. All right, cool, I'M gonna reserve my minute. You know what I'm gonna I'll allow it. I'll see if it works. It's not always be the case, but we can start over. D So, okay, this Kyle Roach Guy looks like a like a Douche. I'm going to start off by saying that, Um, if you did the things that they said, that he said, that he kind of so one. I don't trust video footage. I know a guy who got out of the editing for real world game. He was an editor for the real world on MTV and let me tell you something. No, no, no, the real world. He was the game. I thought that was like a St No, he was on the production team. He edited the real world and he was like yeah, the zero of that is eighty percent of the time we're watching people be bored and then we just edit together words and different snippets. Hopefully we're in the same clothes so we can create a narrative. So I don't create I don't care about that video footage because it could have been so heavily edited that it was made to look I mean, did it have cutaways, because that's how they do in the real world? No, it was not, Nott, it was like cutting coming back and one and then the next he was eating a piece of steak and then like it just wasn't there was no what's the word working for you? I know this continuity, continuity. That's where we go. And so one the video footage whatever. Now, Um, the relationship is still damning. Right. They got to explain. It's basically like they hired Rudy Giuliani and they're like, hey, you hired rudy. You know you like yeah, I mean, like that's basically how you gotta answer every question moving forwards, like, Hey, you hired this leazy lawyer. We did, technically, uh, but you know. So. Um, I don't think it's gonna hurt avalanches reputation and long term. Um, I think it's gonna hurt this lawyer's reputation and long term if he has this reputation for suing people just because. I mean, that's pretty whacked to do. And time is a perfect ending. All right, Corey, two minutes, Kyle Roach looks like a Douche because he is a Douche. Um, I don't think that's libel anyway. Uh He I know because status has been on the receiving end of his class action lawsuits. So she's spread across the n Terra crypt industry. He has a reputation for using the United States um law system, or court system or legal system, what I wanna call it, offensively to try and bully people around and suck money out of things. But...

...when there's ambiguity around regulation. Uh so that is not absurd to think that he does on ethical ship using the United States legal system, because he does Um. Luckily, our organization one handedly against the Class Ashton lawsuit against them, and I assume the majority of the other ones did too. That that being said, he has one sum for a large amounts of money, one being against Craig Right. So, uh, he's a douchebag and he's the representation of Um. All that is bad with lawyers using the United States legal system offensively Um. And by Happenstance, the Oval Labs Organization started in the same co location and I believe that this is why they ended up hiring him. And I don't think so. The allegations are that goon purposefully wielded this man to do things to make competition of avalanche worse. I don't think that's the case and it smells to me like definity Um paid for such a piece based on the previous very positive things crypto Leix has done with definity and the bad blood that dominic has with with goon. And that's all conjecture and hearsay from for me. But Dominic is also a Douche from my experience and his crypto offerings Um, and I have a pretty good experience with God. So that's pretty much garbage, but damning nonetheless. All Right, uh, Jesse, did you want your minute to have questions or do you forego your I think. I think. I just want to comment that. I posted a link in private chat showing the clip and there are no jump cuts us, but it's just it's just pieces of video um cut to say a specific thing and if you read the entire article, they then take those Um things that you say and then wildly go outside of the context of what he's saying, making a bunch of allegations about what he's not saying. So there's basically trying to like create dots from very, very cherry picked pieces of things that he's saying. He's saying Damny Shit and he's doing it obviously drunk and trying to impress somebody. So if you watch the videos, that's the case, but they're all like very much cherry picked and then they draw wild lines between these DOTS which are which are absurd. Well, did you see the twitter post? I just it's just I've read it all. I wanted to do it. Okay, yeah, I didn't care that much, but I trust you. I just weren't put on this link that you looked at extensively, but I just found it on twitter, so we'll include it in our show notes so you can make your own decisions. Everybody. CRYPT is a garbage organization. Let's not that's not you know, call it good. I called it nothing. All right. Moving on to our third and last topic of the day. A lot of strong opinions coming into this one. Lets from the car. Let's see if Jesse will take because whole two minutes. I I'm...

...hopeful. The topic is everybody good at me on a desk, so don't play me. Somebody's dropping out. Okay, so next topic is decentralized weather stations. Just see you get two minutes. That was like the first project that Al Grand Ever did, called Planet Watch, but apparently the one we're talking about, whether Xm, is like a completely different project and I don't know where it's on Um but yeah, I've seen it happen before and people run it and it's cool, but it doesn't seem like it's it's anything more than a novelty. Maybe question mark. I don't really know because I don't have the hardware. Can't really test it. Uh, but Yagi in our slack was ship talking about it, saying it wasn't that accurate compared to actual um error Um quality measuring devices that are not home run. So who knows? Wow, you took up a whole forty seconds. Not Anybody wanted to give me your time. Your time, time is mine. You can have an extra minute if it was to scoop it up, or we could just split the rest of this. Yeah, be fair here. Thirty extra seconds. Do you get to thirty? Good? Uh. First of all, who out there is like, I want to provide my own weather data. I need to know that person. I want to eat you, cory. Yeah, okay, what do you just like? You know what I feel like doing? Text with somebody. It's sunny outside right now. I don't get it. Help me understand. Maybe on my forefast I got when it's my turn, I'll that example. All right, go for it. The second is like, Um, how are you to use that weather data to mind anything? If there's anything that's not like super consistent, is a weather I mean depending on where you say, like ship changes every day, barometric pressure, all these measure things. So data. They want historical data. The other channel. Go to the weather channel. Dot Com version where everybody participates right with with a decent level of granularity that you may not get from like some centralized organization. I think that's that's largely the reason why this kind of picks up. MM HMM. Like what I remember, Cumulo Numbus. That's the only cloud stratus, is only to cloud types, I remember. I just don't know. People are getting real jip hot in their gibilis about weather data and I don't know, it just seems strange to me. I don't even see why weather data would need to be decentralized, because it's not like it's okay. They lie about the weather every morning like Hey, guys,...

...my rain to day and you go outside like you didn't rain. Weather Man, dumbasss. Literally, for those people d like that's like the strongest argument you can make for like people running their own weather and monitoring devices at home so people who don't believe in global warming can like check. It's the people who don't believe in looking. I mean, why else would you need it on a blockchain other than to farm the tokens and to just have like a historical data that everybody can see that it was like, uh, it was honestly collected. Did you ever watch the movie? It's my turn out. Fuck y'all. Watch the movie twitter, yes or no? That's it. Okay, that's it, that's all. That's perfect. Okay, so it's no. Yeah, I haven't seen it anyway. Anyway. So the hard point of the issue that they had with getting accurate predictions of the tornadoes, as they never had people on the grand devices in the Tornado to get accurate presentation of the tornado while it's happening. So the same situation applies for all weather. In order to predict things, you need data points in as many places as you can possibly get them, which means if you could get everyone in the house to basically have a small weather station that takes standard weather measurements on their house regularly, you can aggregate all of that and have better, better prediction, instead of instead of asking the news organization who has some you know, for some reason have blanked. In the name of these people, Whatever your metiores, uh, taking responsibility for this. So what they're doing is they're incentivizing people basically to put a small, little weather other station on their roof, for somewhere in their yard. That takes local weather recordings and reports them back to somewhere, I don't know, maybe a blockchain, and then gives them tokens for doing so. And this is very similar to that situation. was that Um one thing that's still going on that basically gave access like like just dispersed access points for Um Iot devices and they pay them for basically being access points, no access points for for IOT devices. I forgot the name of it. Um. We've talked to them in the past. Doesn't matter, but they've they didn't successful. And then they allow people to basically have devices, have access to the Internet wherever they are, and they're slowly building up to be able to do broadband and Wifi, because having ubiquitous access that's run by a community of people who give that access and get paid for it is kind of a cool idea. So it's a similar situation here. Everyone gives basically puts a small, real physical device on their physical location. It takes regular ask weather measurement, weather measurement which people already do for free because they're just interested in weather, because they want to find better data to the weather people. That gets reported to a blockchain. You have a mutability and a data source and then they get basically, the better predictions, pay out tokens to the people who have to provide the data, and...

...it's as simple as that. I think it's cool and I want one. And you came in like just at your extra thirty seconds. It's kind of impressive. Actually, I am good at this. What's the point collecting data as you get like ravaged by the tornado and then that was it's not a tornado. No one's really talking about tornadoes here. It's just about having good access points for weather data, and the more there are, the better people can do predictions, which means the meteorology is telling you each week like it's gotta right today, will get better and better and more right right like in the further out you go with respect to forecasts, so weather data, the more unlikely it is to happen, because they have to do hundreds of predictions across various methods and then take kind of the most realistic one and say this is currently what we think is going to happen. And because the weather changes, because it's chaotic, then they have to update those things regularly and then keep making forecasts. D I also have to say that most people don't accurately know. Like if a meteorologists as there's a six chance of rain, it's that there's a chance of rain over sixty of the entire viewing area. Doesn't mean that six of everybody's gonna get it. You could get nothing, you could get all of it. It's that the whole area across its six. It has that chance. Also, there's it's not even that too. Is it's it's we've we've run it's we've said we've run a hundred different simulations. Six of them have rainfall within the next so and so time period. Is it within this area? And so it's. It's not only it's the only like across a different area and how much is gonna get rain, but also like there's a chance that there's rain based on the various simulations that we've had over this time period, over this area, and since those those those simulations are incredibly difficult. I used to work with people who did this then. It's hard, like a lot of most of the supercomputing, a lot of supercomputing across the globe is done trying to predict wetter. Mother Nature is a bitch. I'm looking this up just because, like, I want to corroborate the the story that people running shittier like weather measuring devices at home is better than running a few like centralized high accuracy, like, I don't know, like, Um, what what do they use? Like Barometers? And it's about geographically dispersed data points. Yeah, OK, one won't replace the other, but the two together? No, apparently. Apparently, it says. It may surprise you, but a well placed low end weather station will outperform a poorly located high end home weather station. But so it's like it's just dispersal, like like you guys are both saying. Does it actually behoof's predicting the weather to just have an ass weather sensors? You want? You want to ship Thot of sensors lobally dispersed so that you can have, uh, the same standardized readings and measurements being reported to a single place, so you can take aggregated data and actually, like do do accurate predictions, because,...

...like you're missing a parts of area that will drastically change the way simulations. This is way beyond the scope of what Flash Hash is about. By the way, just watch twister, or I won't trust anything you ever say after that is a comedy. Let's about some moments it does. You know, the dornadoes sound like dinosaurs. They're definitely the cat sound like that standard, like that's in the movie that makes that sound for sure. Grow at me. I think I was like twelve when that movie came out. But all right, I'm gonna end this broadcast on that beautiful note of Helen Hunt. Have A slashash. We'll be back with more soon enough. Crush on.

In-Stream Audio Search

NEW

Search across all episodes within this podcast

Episodes (118)