WEBVTT
1 00:00:02.200 –> 00:00:04.140 Max Semenchuk: Hello, hello, how’s it going?
2 00:00:05.300 –> 00:00:06.830 Brandon Kelly: What’s up, Max? Good morning.
3 00:00:08.880 –> 00:00:13.580 Max Semenchuk: Good morning, and where I am, it’s, like, 11 PM.
4 00:00:13.730 –> 00:00:14.650 Max Semenchuk: In Thailand.
5 00:00:18.740 –> 00:00:20.330 Brandon Kelly: I’ll say goodnight later.
6 00:00:29.110 –> 00:00:30.159 Max Semenchuk: How’s life?
7 00:00:30.940 –> 00:00:31.949 Brandon Kelly: It’s it going, man?
8 00:00:36.430 –> 00:00:37.909 Brandon Kelly: I was in Thailand.
9 00:00:40.380 –> 00:00:49.089 Max Semenchuk: Well, I just landed, and it was an overnight flight, so I’m a bit exhausted. That’s why I also, like, I just slept a bit, and…
10 00:00:49.730 –> 00:00:54.430 Max Semenchuk: Feel not, at the highest, but,
11 00:00:54.560 –> 00:01:00.630 Max Semenchuk: Otherwise, it’s great, it’s really warm, so… beautiful.
12 00:01:01.960 –> 00:01:03.669 Max Semenchuk: Yeah, that’s probably… Especially after…
13 00:01:03.670 –> 00:01:04.420 Brandon Kelly: Sure.
14 00:01:05.870 –> 00:01:11.799 Max Semenchuk: Yeah, when we were departuring from Kazakhstan, it was, like, minus 4, minus 6.
15 00:01:12.080 –> 00:01:18.159 Max Semenchuk: So, quite a contrast, and here it’s like… but it’s in Celsium, I don’t know if you… if you…
16 00:01:19.210 –> 00:01:21.480 Max Semenchuk: Just, just below the freezing.
17 00:01:23.510 –> 00:01:24.300 Brandon Kelly: Ow.
18 00:01:24.300 –> 00:01:25.200 Max Semenchuk: Hey, Will.
19 00:01:26.430 –> 00:01:39.830 Will Szal: Hey everyone! Yeah, it’s supposed to be getting, quite cold here later this week, and today we’re, it’s snowing already, so yeah, getting some winter weather over here.
20 00:01:47.560 –> 00:01:49.430 Will Szal: How are things going with you, Brandon?
21 00:01:50.420 –> 00:01:51.609 Brandon Kelly: Good, thanks, Will.
22 00:01:51.990 –> 00:01:55.620 Brandon Kelly: It’s enjoying… LA weather.
23 00:01:57.740 –> 00:01:58.430 Will Szal: Yep.
24 00:02:03.760 –> 00:02:06.350 Will Szal: And, yeah, how have things been going for you, Max?
25 00:02:09.400 –> 00:02:15.880 Max Semenchuk: Yeah, it’s good. Just tired, because of the, like, flight, in the night.
26 00:02:16.150 –> 00:02:26.530 Max Semenchuk: And, yeah, I already feel better, went to Thai massage, you know, like, some… food, and…
27 00:02:27.180 –> 00:02:30.160 Max Semenchuk: Yeah, just need to have a good sleep today.
28 00:02:31.720 –> 00:02:34.899 Will Szal: Where have you been traveling from and to?
29 00:02:36.990 –> 00:02:43.899 Max Semenchuk: From Almaty, where it was, like, snowing, and, to Bangkok.
30 00:02:45.250 –> 00:02:46.280 Max Semenchuk: No.
31 00:02:46.280 –> 00:02:48.260 Will Szal: Oh, wow, okay, yeah.
32 00:02:48.990 –> 00:02:52.049 Will Szal: Are you gonna be there for a lot of the winter, or…
33 00:02:52.960 –> 00:02:59.050 Max Semenchuk: Yeah, yeah, we spent 3 months here, like, 2 months in Thailand, and another once.
34 00:02:59.620 –> 00:03:01.120 Will Szal: Yeah, I’ve just been hearing,
35 00:03:01.980 –> 00:03:11.980 Will Szal: I guess Thailand had some really bad flooding. A bunch of people have died, and you know, just been extreme rain.
36 00:03:12.320 –> 00:03:13.390 Will Szal: Events.
37 00:03:15.550 –> 00:03:20.610 Max Semenchuk: Yeah, we’ve seen as well, it’s, it was just maybe, like, one or two weeks ago.
38 00:03:20.740 –> 00:03:22.560 Max Semenchuk: So yeah, it was devastating.
39 00:03:23.730 –> 00:03:25.060 Max Semenchuk: Hi, Gregory.
40 00:03:25.360 –> 00:03:26.060 Gregory Landua: Hey.
41 00:03:29.130 –> 00:03:30.149 Max Semenchuk: How are you today?
42 00:03:30.500 –> 00:03:32.219 Gregory Landua: I’m good, I’m good, I’m, I’m…
43 00:03:35.010 –> 00:03:39.850 Gregory Landua: I’m a little scattered, I’ve got, like, 4… exciting things.
44 00:03:40.330 –> 00:03:41.780 Gregory Landua: That I’m working on.
45 00:03:43.180 –> 00:03:44.980 Gregory Landua: All at the same time, so…
46 00:03:45.080 –> 00:03:47.829 Gregory Landua: I’ve gotta control my ADHD, I think.
47 00:03:56.490 –> 00:03:57.350 Gregory Landua: Yeah.
48 00:03:57.570 –> 00:03:59.079 Gregory Landua: And it’s snowing.
49 00:03:59.300 –> 00:04:08.780 Gregory Landua: And it looks like we’re gonna get our good first snow, and it’s possible we won’t see the ground for the rest of the winter… here.
50 00:04:09.650 –> 00:04:12.890 Gregory Landua: We may be in a long, cold winter.
51 00:04:15.500 –> 00:04:17.150 Gregory Landua: So, that’s exciting.
52 00:04:18.220 –> 00:04:27.749 Gregory Landua: Although, having recently spent a little time in California, I do have somewhat mixed emotions, and have…
53 00:04:28.430 –> 00:04:34.329 Gregory Landua: have had a minor amount, which is unusual for me, of, like, California dreaming.
54 00:04:37.510 –> 00:04:42.580 Gregory Landua: Eternal summer,
55 00:04:43.520 –> 00:04:50.409 Gregory Landua: nostalgia or something, even though I’ve never lived in California. I don’t know what you call nostalgia when you…
56 00:04:51.270 –> 00:04:55.479 Gregory Landua: when all you’re doing is wistfully thinking about what could be. But,
57 00:04:56.490 –> 00:05:01.970 Gregory Landua: It sounds, Max, like you are, living the tropical dream right now.
58 00:05:04.780 –> 00:05:06.390 Max Semenchuk: Yeah, neither way.
59 00:05:07.710 –> 00:05:09.040 Gregory Landua: Are you in Chiang Mai?
60 00:05:10.910 –> 00:05:20.760 Max Semenchuk: So far, we arrived to Bangkok, and we have some friends here, so we wanted to stay, like, spend, like, a week, and then see where to go. Chiang Mai is on the list.
61 00:05:21.130 –> 00:05:25.530 Max Semenchuk: But also, for the new year, maybe we’ll go to some island.
62 00:05:25.730 –> 00:05:27.480 Max Semenchuk: Haven’t decided yet.
63 00:05:27.990 –> 00:05:28.870 Max Semenchuk: Hey, Mark.
64 00:05:30.670 –> 00:05:31.500 Mark DeRugeriis: Hey, guys.
65 00:05:36.210 –> 00:05:40.920 Max Semenchuk: Maybe we collect the agenda for today?
66 00:05:41.780 –> 00:05:43.800 Max Semenchuk: Any topics you would like to raise?
67 00:05:45.820 –> 00:05:51.710 Mark DeRugeriis: Yeah, one thing that’s top of mind for me is…
68 00:05:51.910 –> 00:05:54.999 Mark DeRugeriis: To see if we can coalesce
69 00:05:56.120 –> 00:06:06.629 Mark DeRugeriis: The group here around some recent activity, whether it’s the listing on CoinStore Alpha.
70 00:06:07.410 –> 00:06:11.769 Mark DeRugeriis: The Hydrax, some other things that are happening.
71 00:06:12.540 –> 00:06:16.470 Mark DeRugeriis: To try to get some momentum and some…
72 00:06:16.760 –> 00:06:20.760 Mark DeRugeriis: Additional activity, with the coin.
73 00:06:21.140 –> 00:06:27.200 Mark DeRugeriis: I don’t want to call it marketing, but, some sort of push
74 00:06:27.390 –> 00:06:32.680 Mark DeRugeriis: And… and whether it’s social and some other ways they’d like to discuss.
75 00:06:39.160 –> 00:06:40.890 Max Semenchuk: Okay, cool. Anything else?
76 00:06:44.570 –> 00:06:51.330 Mark DeRugeriis: Do, also like to just see where the, the upgrade is. I believe it’s…
77 00:06:52.170 –> 00:06:55.729 Mark DeRugeriis: It’s in the latter stages of testing,
78 00:06:56.230 –> 00:06:58.900 Mark DeRugeriis: Hope… hopefully to be released, but…
79 00:06:59.030 –> 00:07:01.440 Mark DeRugeriis: I don’t know if anyone can opine on that.
80 00:07:03.850 –> 00:07:05.360 Mark DeRugeriis: We’ll give an update on that.
81 00:07:08.670 –> 00:07:10.510 Max Semenchuk: Which update do you mean?
82 00:07:11.080 –> 00:07:14.460 Mark DeRugeriis: Update for the, for the .53 upgrade.
83 00:07:17.700 –> 00:07:24.620 Mark DeRugeriis: Bitwitz on this, Anil, or… I don’t know, Gregory, you could… Update.
84 00:07:26.820 –> 00:07:32.040 Gregory Landua: I have no update. I have not been paying any attention.
85 00:07:32.260 –> 00:07:41.309 Gregory Landua: You know, like, I wouldn’t… I wouldn’t be able to summarize, but it would be easy enough
86 00:07:41.720 –> 00:07:47.630 Gregory Landua: for, you know, Mark, for you, potentially, to just go through the chats.
87 00:07:49.140 –> 00:07:51.530 Gregory Landua: And, like, cut and paste them into…
88 00:07:53.020 –> 00:07:59.669 Gregory Landua: ChatGPT or something to try to generate a summary, I don’t know, but I don’t have a…
89 00:07:59.930 –> 00:08:08.500 Gregory Landua: I haven’t been tracking it seems like things are moving. There was a test, there was a…
90 00:08:09.220 –> 00:08:15.800 Gregory Landua: a failed test of some sort and a restart related to Cosmosm in some way, so I don’t know…
91 00:08:16.090 –> 00:08:25.300 Gregory Landua: it seems like it’s all moving, and, you know, they uncovered something and fixed it, and are moving on, but I don’t really know what that means for timelines, or…
92 00:08:25.850 –> 00:08:27.820 Gregory Landua: You know, other… other things.
93 00:08:28.200 –> 00:08:28.920 Mark DeRugeriis: Okay.
94 00:08:31.150 –> 00:08:40.599 Gregory Landua: it all looks to me like it is proceeding normally, but it… but we’re in the, like, QA testing phase, which means that
95 00:08:40.990 –> 00:08:49.169 Gregory Landua: You know, and just by the way, we should all just be like, every time they uncover a bug, and it takes us out another week or two.
96 00:08:49.300 –> 00:09:04.800 Gregory Landua: really, we should celebrate, because we don’t want those bugs getting onto mainnet. So it’s like, although it’s counterintuitive, it’s… it’s success when it takes longer because we uncover things. And it’s… it’s what the testnets are meant to do.
97 00:09:09.170 –> 00:09:09.850 Mark DeRugeriis: Okay.
98 00:09:10.700 –> 00:09:12.400 Gregory Landua: So maybe I just did an update.
99 00:09:12.540 –> 00:09:13.650 Gregory Landua: Inadvertently.
100 00:09:17.750 –> 00:09:18.620 Max Semenchuk: Thanks.
101 00:09:19.800 –> 00:09:25.670 Max Semenchuk: I wanted also to ask Brandon, you wrote me about the CoinMarketCap, would you like to discuss it?
102 00:09:29.460 –> 00:09:33.600 Brandon Kelly: Yeah, sure.
103 00:09:36.160 –> 00:09:36.560 Max Semenchuk: Okay.
104 00:09:36.560 –> 00:09:37.369 Brandon Kelly: Right now?
105 00:09:37.740 –> 00:09:40.899 Max Semenchuk: And… I’m just adding to agenda.
106 00:09:41.070 –> 00:09:43.269 Max Semenchuk: So that would be, like, the other topic?
107 00:09:43.610 –> 00:09:55.210 Max Semenchuk: And, also, I have been, in contact with a Gaia team on AI tools.
108 00:09:56.270 –> 00:10:02.860 Max Semenchuk: So I tried to ask it about different on-chain data, but so far it couldn’t…
109 00:10:03.030 –> 00:10:05.679 Max Semenchuk: Also, maybe there was a bug or something.
110 00:10:05.790 –> 00:10:11.739 Max Semenchuk: So, if you would be interested, we could, we could open those tools and try them together.
111 00:10:12.150 –> 00:10:15.209 Max Semenchuk: As a last topic for today.
112 00:10:15.510 –> 00:10:17.399 Gregory Landua: Yeah, let’s do that, I’d love that.
113 00:10:17.640 –> 00:10:18.270 Brandon Kelly: Yeah.
114 00:10:19.930 –> 00:10:21.139 Gregory Landua: And do a bug report.
115 00:10:21.140 –> 00:10:21.580 Max Semenchuk: Okay.
116 00:10:21.580 –> 00:10:31.570 Gregory Landua: Because the MCP should be working, but I guess what you’re saying is maybe it’s not, so we can… I have a call with them later today, so if we do a little round of…
117 00:10:32.660 –> 00:10:46.439 Gregory Landua: using tools, doing an analysis, pushing the edges of what’s possible, and that gives everybody a chance to ideate on things and give feedback, I can just deliver that feedback directly to them later today.
118 00:10:48.690 –> 00:10:54.939 Max Semenchuk: Sure. Well, I wrote them some kind of report as well, but we could see where to develop, sure.
119 00:10:56.220 –> 00:10:58.419 Max Semenchuk: Anything else on the agenda?
120 00:10:59.920 –> 00:11:03.020 Gregory Landua: Well, Will was poking me to,
121 00:11:03.700 –> 00:11:07.849 Gregory Landua: just bring up… I just, you know, I was a little reluctant to do this, but…
122 00:11:07.990 –> 00:11:16.439 Gregory Landua: also, I don’t think there’s any reason not to. I kind of wanted to bring up and talk about, potentially…
123 00:11:16.880 –> 00:11:27.569 Gregory Landua: in the new year after the next major upgrade, or maybe along with it, I don’t know, but I don’t think so. I don’t want to encumber the next upgrade on a new thing, but a shift to proof of authority.
124 00:11:27.820 –> 00:11:29.419 Gregory Landua: Away from proof of stake.
125 00:11:30.000 –> 00:11:42.970 Gregory Landua: And so just, like, having a high-level conversation about that, getting questions and dialogue, getting the fact that it’s being thought about again, because we did a whole round of research and other things.
126 00:11:43.070 –> 00:11:45.799 Gregory Landua: Back into the public record via this forum.
127 00:11:46.110 –> 00:11:56.319 Gregory Landua: I think is probably a good agenda item, to spend 5 minutes or so on it. I don’t have, like, a solid proposal, but,
128 00:11:56.830 –> 00:12:03.510 Gregory Landua: It would certainly reduce costs and make us a little bit more agile to have a smaller validator set.
129 00:12:04.040 –> 00:12:08.999 Gregory Landua: And to give us a little bit more flexibility with token economics.
130 00:12:10.360 –> 00:12:13.280 Gregory Landua: So… So let’s talk about proof authority.
131 00:12:21.520 –> 00:12:22.260 Max Semenchuk: Okay.
132 00:12:22.680 –> 00:12:29.780 Max Semenchuk: So, then we can start with Mark, then Brandon, then Gregory, and then,
133 00:12:30.180 –> 00:12:32.519 Max Semenchuk: We have time, check AI tools.
134 00:12:33.630 –> 00:12:34.450 Max Semenchuk: Okay?
135 00:12:34.910 –> 00:12:35.580 Gregory Landua: Yep.
136 00:12:38.610 –> 00:12:39.529 Max Semenchuk: Mark, go ahead.
137 00:12:40.810 –> 00:12:48.450 Mark DeRugeriis: So… we’ve… Had some activity, good and bad, related around to the coin.
138 00:12:48.800 –> 00:12:58.260 Mark DeRugeriis: We had that… what I would call a dump from coin store, Folks… that…
139 00:12:59.200 –> 00:13:01.750 Mark DeRugeriis: Sold that to cover the listing fee.
140 00:13:02.050 –> 00:13:06.260 Mark DeRugeriis: Without telling us, and… Price went down substantially.
141 00:13:08.370 –> 00:13:18.080 Mark DeRugeriis: we took… the… the capital that we would have spent with Coin Store Alpha, the SPV,
142 00:13:18.840 –> 00:13:22.439 Mark DeRugeriis: And we… we started to buy back region.
143 00:13:26.350 –> 00:13:29.060 Mark DeRugeriis: From the market to support the price.
144 00:13:30.090 –> 00:13:35.319 Mark DeRugeriis: Which it did buoy the price to some extent, not all the way back up to where it was.
145 00:13:35.920 –> 00:13:40.240 Mark DeRugeriis: Because there was some selling pressure, on the way up.
146 00:13:41.150 –> 00:13:47.860 Mark DeRugeriis: But… So that happened that’s not a great thing, but…
147 00:13:47.980 –> 00:13:53.639 Mark DeRugeriis: But also, now we are listed on Coaster Alpha…
148 00:13:54.420 –> 00:14:02.549 Mark DeRugeriis: Pride, which is just a, a listing on base, But… You could buy region.
149 00:14:02.650 –> 00:14:06.009 Mark DeRugeriis: CoinStory users can buy region on
150 00:14:06.550 –> 00:14:08.989 Mark DeRugeriis: On their… using their mobile app.
151 00:14:09.120 –> 00:14:12.059 Mark DeRugeriis: On base now, which is great.
152 00:14:12.540 –> 00:14:20.570 Mark DeRugeriis: So we’re theoretically available to their X number of users that are currently on the Coin Store app.
153 00:14:21.710 –> 00:14:26.960 Mark DeRugeriis: We did a tweet about it, we shared it, obviously, in the Token Economics Group.
154 00:14:27.370 –> 00:14:30.190 Mark DeRugeriis: But I’m just wondering aloud if…
155 00:14:31.670 –> 00:14:34.340 Mark DeRugeriis: We can think of some way to coalesce
156 00:14:34.530 –> 00:14:38.599 Mark DeRugeriis: The folks here, and maybe the extended network
157 00:14:39.540 –> 00:14:44.089 Mark DeRugeriis: To generate some… some positive,
158 00:14:44.620 –> 00:14:47.989 Mark DeRugeriis: Information out there related to the coin.
159 00:14:48.650 –> 00:14:55.780 Mark DeRugeriis: To get some more users in the fold, activity… etc.
160 00:14:57.010 –> 00:15:02.439 Mark DeRugeriis: As we start to think about The strategy going forward, whether…
161 00:15:02.580 –> 00:15:10.160 Mark DeRugeriis: We’re going… the SBV is going to, engage with a marketing firm,
162 00:15:11.220 –> 00:15:14.189 Mark DeRugeriis: We don’t have a ton of money to spend there,
163 00:15:15.220 –> 00:15:18.889 Mark DeRugeriis: Maybe, you know, we’re still discussing if that’s the best use of capital.
164 00:15:19.630 –> 00:15:25.310 Mark DeRugeriis: But, and we have a market maker now,
165 00:15:26.490 –> 00:15:29.379 Mark DeRugeriis: You know, so we’re doing things, right?
166 00:15:30.020 –> 00:15:40.269 Mark DeRugeriis: Wanted to see, open up the discussion for… Any thoughts about… What we should be doing…
167 00:15:40.890 –> 00:15:46.650 Mark DeRugeriis: Given where we are, and sort of any thoughts about
168 00:15:47.460 –> 00:15:49.560 Mark DeRugeriis: To go forward in terms of…
169 00:15:50.470 –> 00:15:53.320 Mark DeRugeriis: Marketing and… and other activities.
170 00:15:58.350 –> 00:16:07.139 Brandon Kelly: Well, I just did a, content spree. It’s scheduled for, like, 18 days across LinkedIn and X.
171 00:16:07.350 –> 00:16:12.580 Brandon Kelly: But… Well, covering, you know, region, network, and…
172 00:16:12.920 –> 00:16:15.739 Brandon Kelly: Providing liquidity to what Region Network does.
173 00:16:16.340 –> 00:16:22.140 Brandon Kelly: And I guess the only thing missing from what I did there was putting the cache tag.
174 00:16:22.780 –> 00:16:25.080 Brandon Kelly: Cash tag region.
175 00:16:26.090 –> 00:16:29.909 Brandon Kelly: Just cause… LinkedIn doesn’t really respond to that.
176 00:16:30.030 –> 00:16:33.090 Brandon Kelly: But I was able to post to both platforms at the same time.
177 00:16:35.240 –> 00:16:41.770 Brandon Kelly: Maybe that helps. I do specifically discuss… what Region Network does, and…
178 00:16:42.410 –> 00:16:44.689 Brandon Kelly: How liquidity is an important factor.
179 00:16:44.960 –> 00:16:51.609 Brandon Kelly: But I didn’t point directly towards liquidity, or point directly towards the cash tag, or our ticker.
180 00:16:52.720 –> 00:17:00.040 Brandon Kelly: Because I’m just kind of evaluating how LinkedIn approaches that, and… They’re…
181 00:17:00.920 –> 00:17:03.540 Brandon Kelly: Where the carbon market, kind of, is.
182 00:17:03.870 –> 00:17:04.950 Brandon Kelly: So right here.
183 00:17:08.650 –> 00:17:13.909 Brandon Kelly: So, I guess going forward, I can just try to use the cash tag a bit more around these posts.
184 00:17:16.290 –> 00:17:22.749 Brandon Kelly: As far as the marketing firm, I don’t even know if that’s necessary or what they’re gonna actually offer, but I hope it goes well.
185 00:17:23.589 –> 00:17:28.549 Brandon Kelly: They need to… You know, discuss what we do, and…
186 00:17:29.570 –> 00:17:31.890 Brandon Kelly: How to provide liquidity for it.
187 00:17:32.730 –> 00:17:34.219 Brandon Kelly: I would encourage that.
188 00:17:40.140 –> 00:17:43.850 Mark DeRugeriis: Yeah, I guess I’m just thinking, like, is there some sort of, like.
189 00:17:48.210 –> 00:17:52.359 Mark DeRugeriis: ad hoc group that we could… and I know…
190 00:17:52.970 –> 00:17:58.439 Mark DeRugeriis: There’s a question for you, Gregory, about is there a way that we can engage with Region Commons?
191 00:17:59.210 –> 00:18:02.310 Mark DeRugeriis: But now that we’re here.
192 00:18:02.770 –> 00:18:10.900 Mark DeRugeriis: we have some capital in the SPV, I’m trying to…
193 00:18:11.190 –> 00:18:15.439 Mark DeRugeriis: Sort of spend it or allocate it super efficiently, obviously.
194 00:18:15.820 –> 00:18:20.550 Mark DeRugeriis: And so, is there… something.
195 00:18:20.550 –> 00:18:23.040 Brandon Kelly: How much… How much, how much,
196 00:18:23.260 –> 00:18:31.299 Brandon Kelly: Yeah, how much does that group want, individually, to say something about a region network? We got 10 bucks for them?
197 00:18:35.020 –> 00:18:38.739 Gregory Landua: Well, I think it needs to be a little bit more, like, what’s our…
198 00:18:39.750 –> 00:18:47.380 Gregory Landua: I think the conversation is more, what’s the future of regions… of the region token within Region Commons?
199 00:18:47.980 –> 00:18:56.830 Gregory Landua: and what needs to be true in order to sort of, like, reboot and use that as the central sort of store of value? And…
200 00:18:57.420 –> 00:19:00.399 Gregory Landua: I think in order to do that, we…
201 00:19:02.310 –> 00:19:11.039 Gregory Landua: I mean, we’ve been trying to have that conversation. I think we need to get Monty… I think we need to set up a call and have a series of conversations with Monty about that.
202 00:19:12.150 –> 00:19:21.090 Gregory Landua: So I’m happy to… to… to take those next steps. I’ll ping Monty right now.
203 00:19:21.210 –> 00:19:24.550 Gregory Landua: I think Monty’s in this… in our telegram.
204 00:19:26.290 –> 00:19:29.369 Mark DeRugeriis: Yeah, of course, I’m in contact with him on Telegram, too.
205 00:19:30.370 –> 00:19:31.629 Brandon Kelly: Yeah, let’s bribe them all.
206 00:19:33.800 –> 00:19:39.840 Gregory Landua: Yeah, I mean, I think just aligning… everybody with… common…
207 00:19:40.130 –> 00:19:45.829 Gregory Landua: Like, if people want a common brand, part of this is, like, creating a common token and creating a…
208 00:19:46.420 –> 00:19:48.569 Gregory Landua: Like, a common strategy.
209 00:19:49.370 –> 00:20:03.900 Gregory Landua: and concentrating efforts around liquidity and token economics and other things, and so I think, yes, I think we just need to… we do need to be, again, open to, sort of, like, the reformation of our…
210 00:20:04.180 –> 00:20:15.389 Gregory Landua: you know, token distribution to make sure that we can get that correct, but I think… I think that that’s a blank slate, so I think… and that’s not a blank slate, but I think there’s willingness to do that, so…
211 00:20:18.750 –> 00:20:19.540 Gregory Landua: Okay.
212 00:20:28.210 –> 00:20:32.430 Gregory Landua: I’m… I’m… I’m texting Monty right now, and then we can…
213 00:20:33.160 –> 00:20:45.169 Gregory Landua: set up a little group, or… I think just getting him into the token economics… I think we should just do it… ideally, we should just do it… invite him to engage more in this forum, and have an explicit conversation about it.
214 00:20:53.020 –> 00:20:54.120 Mark DeRugeriis: Sounds good.
215 00:20:56.010 –> 00:21:02.619 Brandon Kelly: Yeah, I think just paying them is kind of just simple. There’s a simple way for them to earn some region, and it’s just…
216 00:21:03.250 –> 00:21:05.270 Brandon Kelly: Talk about it, and now they have steak.
217 00:21:06.050 –> 00:21:06.680 Gregory Landua: Yep.
218 00:21:07.000 –> 00:21:15.949 Gregory Landua: Totally. And I think we need to… but I think we need to be clear about what the allocation is, and what’s the maximum amount that people can earn.
219 00:21:15.950 –> 00:21:16.740 Brandon Kelly: Sure.
220 00:21:16.740 –> 00:21:26.340 Gregory Landua: And… Yeah, that’s about… that’s about it, I think. And, like, some shared liquidity strategy and stuff.
221 00:21:26.460 –> 00:21:29.800 Mark DeRugeriis: Yeah, that’s where I was thinking, too, Gregory, is like…
222 00:21:30.030 –> 00:21:36.410 Mark DeRugeriis: Could there be some sort of liquidity strategy with,
223 00:21:37.230 –> 00:21:44.140 Mark DeRugeriis: Because a lot of folks in the Region Commons, they have their own coin, right? Brandon, so… Yep. Yep.
224 00:21:44.480 –> 00:21:52.230 Mark DeRugeriis: How can we… Sort of coordinate with them in terms of liquidity, you kinda…
225 00:21:52.880 –> 00:21:56.559 Mark DeRugeriis: help them help us, or help us help them, I guess.
226 00:21:56.560 –> 00:22:01.980 Brandon Kelly: Well… We are… we’re already bribing on Hydrax, and…
227 00:22:02.190 –> 00:22:07.419 Brandon Kelly: That’s essentially… let’s look at Hydrax as a Regen Commons for a second.
228 00:22:09.260 –> 00:22:11.560 Brandon Kelly: People are selling and LPing.
229 00:22:12.400 –> 00:22:14.929 Brandon Kelly: the Hydrax, holders.
230 00:22:15.190 –> 00:22:21.659 Brandon Kelly: they… get allocated some region that they can keep or sell, and LP with.
231 00:22:22.050 –> 00:22:28.520 Brandon Kelly: And it’s kind of the same dynamic, except it would be with the region commons people who have
232 00:22:29.130 –> 00:22:33.400 Brandon Kelly: You know, a regenerative stance on their social accounts.
233 00:22:33.940 –> 00:22:34.810 Brandon Kelly: So…
234 00:22:35.130 –> 00:22:42.439 Brandon Kelly: Do you have a proposal in mind, Mark? Because you kind of know how much capital is available, so…
235 00:22:43.170 –> 00:22:47.489 Brandon Kelly: If we have, like, an idea of that, then we can be more concrete with what
236 00:22:47.890 –> 00:22:52.440 Brandon Kelly: What we propose to… Monty and the greater.
237 00:22:52.440 –> 00:22:55.069 Mark DeRugeriis: Yeah, because my… my thought is…
238 00:22:55.880 –> 00:23:03.420 Mark DeRugeriis: Say if we’re gonna spend just… 10 grand with a… marketing firm.
239 00:23:04.070 –> 00:23:08.100 Mark DeRugeriis: would that be better spent with the Region Common folks?
240 00:23:08.260 –> 00:23:08.730 Gregory Landua: Yes.
241 00:23:08.730 –> 00:23:10.170 Mark DeRugeriis: In a structured web…
242 00:23:10.170 –> 00:23:18.620 Gregory Landua: 100%. And in fact, Patricia and the region come… I mean, they would… I think that would be a great proposal, is to just come and say.
243 00:23:18.900 –> 00:23:24.660 Gregory Landua: You know, we want… You know, we have 3 sets we want to do.
244 00:23:25.030 –> 00:23:34.149 Gregory Landua: community outreach and get everybody a chance to earn. We also have some cash. We want you to structure things. We also want, a win-win
245 00:23:34.150 –> 00:23:50.170 Gregory Landua: mutual liquidity strategy. And we’re willing to chip in, and we’re willing to subsidize to this degree. And, like… and I think everybody will leap to that, and if we sort of make that clear proposal. That’s a great point, is just, like, packaging it as a super clear proposal.
246 00:23:54.240 –> 00:23:56.449 Mark DeRugeriis: And you think we should propose that?
247 00:23:57.080 –> 00:24:01.500 Mark DeRugeriis: I don’t want to say through Monty, but…
248 00:24:03.090 –> 00:24:05.040 Gregory Landua: We need to do it… I think we should…
249 00:24:05.590 –> 00:24:11.260 Gregory Landua: think about it with Monty a little… I think if we have a draft, I think we should generate a little draft.
250 00:24:11.490 –> 00:24:15.719 Gregory Landua: Of what we think needs to happen, and what we are already aware is happening.
251 00:24:16.060 –> 00:24:16.640 Brandon Kelly: Yeah.
252 00:24:16.980 –> 00:24:18.460 Gregory Landua: And, like.
253 00:24:18.580 –> 00:24:28.409 Gregory Landua: And for instance, Region Commons is potentially exploring an Octant strategy to get Octant to fund and do some pools and do public goods.
254 00:24:28.480 –> 00:24:38.870 Gregory Landua: stuff and some other things, and so what’s the relationship between region and those pools and other things? Like, what’s our common liquidity strategy? How do we structure that? I think we need to…
255 00:24:39.470 –> 00:24:48.299 Gregory Landua: you know, and I think we need to try to coalesce. I mean, ideally, I had hoped… again, I had hoped to get everybody together and, like, do an in-person, sort of, like.
256 00:24:48.730 –> 00:24:58.649 Gregory Landua: token, we’re reinventing things, kind of like vibes, and that, just for a variety of different reasons, didn’t happen. Like, I didn’t make it to DevConnect.
257 00:24:58.830 –> 00:25:13.480 Gregory Landua: you know, whatever, whatever, whatever. That could happen at East Denver, but that’s a little late, but maybe it’s not too late. That’s in February, right? And so, potentially, we could, like, coalesce some of this around East Boulder, and then move into marketing at East Denver.
258 00:25:13.480 –> 00:25:20.080 Gregory Landua: And I know that that’s like, oh my god, we gotta wait a long time, but I think… so, anyway, I think we should create a draft.
259 00:25:20.180 –> 00:25:26.159 Gregory Landua: But I also think we should be willing to be patient for alignment over the next
260 00:25:26.350 –> 00:25:38.280 Gregory Landua: like, through the holidays, and be thinking about this a little bit into Q1, and not be getting angsty about, you know, getting it all done, I think. So, next step.
261 00:25:39.080 –> 00:25:47.830 Gregory Landua: Maybe out of this call, We could try to coalesce, sort of a… a proposal?
262 00:25:48.380 –> 00:26:02.439 Gregory Landua: know, are we at that stage? You know, Brandon and Mark, could you guys collab on a little proposal that then we could invite Monty to next week’s call, after having socialized this proposal with him?
263 00:26:02.990 –> 00:26:20.599 Gregory Landua: on Friday or Monday, like, Friday of this week or Monday, so that he can read it and digest it, and then maybe we could have Monty on the call, and we could just discuss it in this existing forum. He could offer ideas and feedback, and we can have that conversation, because Monty’s on the Region Commons Stewardship Council.
264 00:26:20.600 –> 00:26:23.639 Gregory Landua: As am I, so there’s a double linkage back to that.
265 00:26:23.700 –> 00:26:29.139 Gregory Landua: So I think that’s, that’s… that’s my proposal, to be very practical about this, is that…
266 00:26:29.350 –> 00:26:38.940 Gregory Landua: We start with a proposal that you guys generate, and get to Monty Friday, ideally. Monty can comment, digest, and then we create a forum, and we…
267 00:26:39.090 –> 00:26:41.679 Gregory Landua: invite him into it on Tuesday.
268 00:26:42.140 –> 00:26:43.349 Gregory Landua: Of next week.
269 00:26:43.610 –> 00:26:47.049 Gregory Landua: To discuss in more depth, and see if we can generate alignment.
270 00:26:49.550 –> 00:26:50.220 Gregory Landua: Great.
271 00:26:50.220 –> 00:26:51.080 Brandon Kelly: That’s awesome.
272 00:26:52.400 –> 00:26:53.389 Mark DeRugeriis: Makes sense.
273 00:26:54.730 –> 00:27:03.760 Brandon Kelly: Yeah, the only thing… I mean, we’ll figure this out later, but I mean, his ecosystem is in Cello, and he’s already converging on…
274 00:27:04.320 –> 00:27:08.500 Brandon Kelly: another DEX that’s similar to the one we just got listed on.
275 00:27:09.530 –> 00:27:14.599 Gregory Landua: Yeah, and we’re already committed to… to supporting that DEX. So…
276 00:27:15.130 –> 00:27:23.500 Gregory Landua: I mean, we… and we had liquidity, and we pulled it, because they had bugs and other things happening, so there’s no… I mean, we…
277 00:27:24.160 –> 00:27:31.020 Gregory Landua: care, that’s great. We can migrate over. We’re just doing experiments, as far as I’m concerned.
278 00:27:33.530 –> 00:27:41.559 Gregory Landua: I personally don’t feel at all confident that we’re gonna get region adoption and uptake until we cross some magical…
279 00:27:41.890 –> 00:27:49.939 Gregory Landua: alignment community adoption thing, so I don’t think getting listed and doing liquidity games and…
280 00:27:50.040 –> 00:28:05.139 Gregory Landua: just, I will just reiterate, I’m supportive of you guys who believe that that is important, and I do think it’s important at some point, but I don’t think without the social movement and a cultural movement and alignment across the region ecosystem, we’re gonna get anywhere.
281 00:28:06.360 –> 00:28:13.319 Gregory Landua: I just… I will reiterate that for… I don’t… the millionth time that I’ve said that, I know I’m, like, a broken record, but I think that’s the hard work.
282 00:28:13.660 –> 00:28:14.979 Gregory Landua: It has to happen.
283 00:28:15.360 –> 00:28:15.730 Brandon Kelly: Yeah, I know.
284 00:28:15.730 –> 00:28:30.619 Gregory Landua: There’s a chicken or egg, because that tends to be easier if there’s liquidity and things moving and other stuff. But in a world of fragmented attention, in a world of fragmented refi ecosystem, in a world of low liquidity, in the world that we exist in today.
285 00:28:30.970 –> 00:28:33.580 Gregory Landua: To me, it feels like it’s the, like.
286 00:28:34.230 –> 00:28:39.340 Gregory Landua: Sort of socio-cultural memetic alignment that’s the magic.
287 00:28:39.980 –> 00:28:51.699 Gregory Landua: And I’ve been doing everything I can to generate that with Region Commons, and it’s still not quite there, but let’s try to take these next steps with Monty. I think that’s the clear way to pull it together.
288 00:28:52.350 –> 00:28:55.880 Brandon Kelly: Yeah, I think that should be in the proposal. That’s a good point.
289 00:28:56.960 –> 00:29:02.870 Brandon Kelly: Because that’s what Bitcoin has, that’s what Hyperliquid has, that’s what… Ether has…
290 00:29:06.200 –> 00:29:06.870 Brandon Kelly: Yeah.
291 00:29:12.770 –> 00:29:13.390 Brandon Kelly: So, we appreciate.
292 00:29:13.390 –> 00:29:17.830 Mark DeRugeriis: Yeah, I think that’s right. I think, it is a chicken array.
293 00:29:18.570 –> 00:29:26.610 Mark DeRugeriis: So I don’t want to do so much On that front, without the…
294 00:29:27.490 –> 00:29:30.150 Mark DeRugeriis: Sort of, like, the ecosystem and
295 00:29:30.420 –> 00:29:33.670 Mark DeRugeriis: And folks coalescing around the coin.
296 00:29:34.310 –> 00:29:39.870 Mark DeRugeriis: Because it’s just gonna be spitting in the wind, right? So… That’s why I raised that.
297 00:29:40.090 –> 00:29:41.679 Mark DeRugeriis: So, I agree with you.
298 00:29:42.400 –> 00:29:56.319 Gregory Landua: Yeah, fantastic. Well, I think the next step is to coalesce our thinking, and… because we have a lot, and we have an SPV, we have operators, we have a… we have a lot to offer. We have the coin, we have all these different things, but we’re… we’re missing…
299 00:29:56.630 –> 00:30:11.850 Gregory Landua: And it could… I mean, unfortunately, I just want to say, like, it could be a bridge too far, like, Montcello, Regent, there’s all these… there’s a fractured incentive landscape. And we can be as generous and thoughtful and win-win as… as…
300 00:30:12.090 –> 00:30:17.840 Gregory Landua: possible, but you can’t make somebody else… like, you can lead a horse to water, but you can’t make a drink. You can’t…
301 00:30:17.940 –> 00:30:25.079 Gregory Landua: We can’t… force alignment We’re not in a position to force alignment, but we can invite it.
302 00:30:25.180 –> 00:30:29.029 Gregory Landua: So, let’s… Think through our proposal.
303 00:30:29.280 –> 00:30:46.709 Gregory Landua: And let’s be clear and concise about the resources that we can offer, and the fact that we’d like to offer it to that community, and be super precise about what we’re asking in return. And if you guys can think through that,
304 00:30:47.780 –> 00:30:52.089 Gregory Landua: and just do a draft on Friday. By Friday.
305 00:30:53.450 –> 00:31:05.580 Gregory Landua: and get it to Monty, and then invite… let’s invite him to this forum. Or if he can’t make it, we’ll do a different independent call, and record it, and share… share things back to this group.
306 00:31:05.860 –> 00:31:20.309 Gregory Landua: So that it’s just… so that the super organism, the eco-borg hive mind is aware of all of the ins and outs of things that are happening, because I think that’s a part of our theory, is that we’re trying to create a kind of collective consciousness
307 00:31:21.200 –> 00:31:23.770 Gregory Landua: engine here.
308 00:31:24.150 –> 00:31:30.420 Gregory Landua: Knowledge Commons, right? So anyway, that’s… that’s my…
309 00:31:30.530 –> 00:31:48.869 Gregory Landua: That’s my proposal, to keep it simple. And I don’t know, I mean, I see Sean and James and other people who have a lot to offer and to think about this, and I’m just kind of looking at Brandon and Mark. Like, I think you guys are the best positioned to just slam out a proposal to send to Monty.
310 00:31:51.090 –> 00:31:58.080 Brandon Kelly: Yeah, sounds good. My only concern is how to verify the social stuff that we want from them, but we’ll put it all in there.
311 00:31:58.480 –> 00:32:03.339 Gregory Landua: I think it’s… I think it’s doable, and yeah, we need to design sort of an incentive
312 00:32:03.600 –> 00:32:06.830 Gregory Landua: structure, but I want them… they should participate in that.
313 00:32:07.220 –> 00:32:12.050 Gregory Landua: And maybe it doesn’t have to be super transactional and verified, maybe we do…
314 00:32:12.680 –> 00:32:15.070 Gregory Landua: You know, a vesting account, and it…
315 00:32:15.500 –> 00:32:19.800 Gregory Landua: moves a bunch over, over time. I mean, we don’t have to… that stuff…
316 00:32:20.200 –> 00:32:25.229 Gregory Landua: we could sketch a couple candidates out. I mean, you could… you could be thinking a couple candidates.
317 00:32:27.440 –> 00:32:39.480 Gregory Landua: I also feel like, in an ideal world, we do have AI that should have access to 100% of the context of these transcripts, and our token economics, and the SPV, and all the other things.
318 00:32:39.480 –> 00:32:50.830 Gregory Landua: I’m kind of looking at you, Sean. And, like, the idea, Max, that you had of running a little demo. Maybe we try to use the agents and other things to work on a draft of this
319 00:32:51.150 –> 00:32:53.879 Gregory Landua: Thing right now, in real time, in the call.
320 00:32:53.990 –> 00:32:56.539 Gregory Landua: And see how well that goes.
321 00:32:56.640 –> 00:33:02.320 Gregory Landua: As the way of testing things, given that this is just a chunk of work that we know needs to get done.
322 00:33:06.470 –> 00:33:07.710 Gregory Landua: Is that crazy?
323 00:33:13.110 –> 00:33:15.760 Max Semenchuk: Would you like me to share it, or somebody else?
324 00:33:17.350 –> 00:33:23.409 Gregory Landua: Why don’t you go for it? I actually… I could use a 2-minute bio break while you’re getting set up.
325 00:33:25.280 –> 00:33:26.110 Max Semenchuk: Okay.
326 00:34:02.860 –> 00:34:05.679 Max Semenchuk: So, sorry, while we’re waiting, I came late.
327 00:34:06.650 –> 00:34:08.560 James: Oh, you’re good, nevermind.
328 00:34:10.540 –> 00:34:11.600 Max Semenchuk: Go ahead, please.
329 00:34:12.420 –> 00:34:16.649 James: Oh, I was just wondering what the proposal was to Celo. I joined Lado’s.
330 00:34:17.290 –> 00:34:18.659 James: Working this morning.
331 00:34:26.420 –> 00:34:29.900 Max Semenchuk: I think the proposal was to build a proposal.
332 00:34:30.179 –> 00:34:32.689 Max Semenchuk: To… for shared liquidity.
333 00:34:33.500 –> 00:34:42.180 Max Semenchuk: So, and now we wanted to try, yeah, maybe, play with AI, we have.
334 00:34:42.600 –> 00:34:45.199 Max Semenchuk: For drafting that, as far as I got.
335 00:34:46.500 –> 00:34:51.989 James: Nice. I’ve got… I’ve got an update on that as well, a bit later, maybe book out a little.
336 00:34:52.639 –> 00:34:54.850 James: Five minutes before the end.
337 00:34:57.330 –> 00:35:02.709 Max Semenchuk: Yeah, maybe, as we’re waiting for Gregory, maybe you just go ahead with this?
338 00:35:04.950 –> 00:35:06.560 James: Okay. I want him to…
339 00:35:06.560 –> 00:35:07.400 Max Semenchuk: to listen.
340 00:35:08.460 –> 00:35:14.910 James: I can wait. It kind of has to do with his proposal that we’ve kind of built, so I may as well wait for him.
341 00:35:16.510 –> 00:35:17.960 Max Semenchuk: Okay, gotcha.
342 00:35:19.600 –> 00:35:23.350 Max Semenchuk: Well, yeah, in the meantime, there is this website.
343 00:35:23.740 –> 00:35:26.220 Max Semenchuk: region.ga.xyz.
344 00:35:26.380 –> 00:35:31.920 Max Semenchuk: There is a login password, so… I don’t know if I can share it, but
345 00:35:32.130 –> 00:35:36.389 Max Semenchuk: the team of Gaia can, I guess, advise on that?
346 00:35:36.580 –> 00:35:43.480 Max Semenchuk: So here I see a few agents. I think some of them work in the Telegram group.
347 00:35:44.280 –> 00:35:46.000 Max Semenchuk: Of freedom?
348 00:35:46.250 –> 00:35:52.290 Max Semenchuk: And, I haven’t studied it very completely, like, I just started to use it.
349 00:35:52.440 –> 00:36:00.240 Max Semenchuk: So, again, maybe, like, it’s not a proper presentation, maybe Darren could do better, but, what they tried so far.
350 00:36:00.350 –> 00:36:03.140 Max Semenchuk: Was, like, with this governor?
351 00:36:05.070 –> 00:36:11.949 Max Semenchuk: So, I’ve asked a few questions, like, how many active wallets are in the region network?
352 00:36:12.190 –> 00:36:19.659 Max Semenchuk: And, well, back then, it couldn’t say, let’s try, you know, maybe there was a bug or something, but…
353 00:36:20.140 –> 00:36:30.559 Max Semenchuk: It seems to be not reading the on-chain data, so I asked, like, how many ECHO credits have been bought in the last 3 months? Like, no, no answer.
354 00:36:30.770 –> 00:36:36.250 Max Semenchuk: Do you have any on-chain data you can share? Like, no answer.
355 00:36:36.500 –> 00:36:44.990 Max Semenchuk: So, it seems like to be only reading the documentation, And thus,
356 00:36:45.300 –> 00:36:50.039 Max Semenchuk: Yeah, I thought, like, maybe to get this data for research, but so far it wasn’t.
357 00:36:50.940 –> 00:36:52.269 Max Semenchuk: Working like that.
358 00:36:52.730 –> 00:36:57.339 Max Semenchuk: But if you like, we can try some, like, requests.
359 00:36:58.130 –> 00:37:01.130 Max Semenchuk: From your side, any ideas what to ask?
360 00:37:12.750 –> 00:37:26.380 Max Semenchuk: And another small update there, so, I think it would be not too hard to connect our region calls, because we have already, like, Notion API token. I shared with Darren so they could access it.
361 00:37:26.860 –> 00:37:29.359 Max Semenchuk: But, yeah.
362 00:37:34.150 –> 00:37:35.869 Max Semenchuk: Gregory, have you returned?
363 00:37:39.190 –> 00:37:40.690 Gregory Landua: Yeah, I’m back, sorry.
364 00:37:42.890 –> 00:37:45.370 Brandon Kelly: Those are… Great questions.
365 00:37:47.090 –> 00:37:50.240 Brandon Kelly: James, the proposal was for,
366 00:37:50.650 –> 00:37:56.890 Brandon Kelly: Instead of a marketing firm, we approach Region Commons about Pretty much socializing region.
367 00:37:57.110 –> 00:38:00.269 Brandon Kelly: That’s what the proposal’s about. And then, regarding this, the…
368 00:38:01.210 –> 00:38:06.290 Brandon Kelly: Those questions are exactly the kind of questions we want to know, like… like, right now, we’re working on…
369 00:38:06.460 –> 00:38:12.229 Brandon Kelly: Getting the supply dynamics, accurate for CoinMarketCap website.
370 00:38:12.670 –> 00:38:16.119 Brandon Kelly: And this would be something ideal that we could just query.
371 00:38:16.840 –> 00:38:23.240 Brandon Kelly: for the… Supply, and then… So I guess that’s a good one, Max.
372 00:38:23.630 –> 00:38:25.720 Brandon Kelly: Querying it for the supply.
373 00:38:37.650 –> 00:38:40.039 Brandon Kelly: And then, in order to update
374 00:38:41.290 –> 00:38:47.910 Brandon Kelly: that to CoinMarketCap. Okay, you can’t get that either. In order to update on the CoinMarketCap, we have to…
375 00:38:48.060 –> 00:38:53.290 Brandon Kelly: Also, we have to get that data and fill it into that Google Doc I shared with you, and then…
376 00:38:54.120 –> 00:38:57.730 Brandon Kelly: And then we need to socialize it through… the…
377 00:38:59.020 –> 00:39:01.829 Brandon Kelly: Through the website, or through the Twitter?
378 00:39:01.830 –> 00:39:06.810 Gregory Landua: Well, yeah, this is an interesting thing. I mean, all of this should be…
379 00:39:07.430 –> 00:39:12.919 Gregory Landua: All of this is available on MintScan, for instance, which reads directly from the blockchain, but…
380 00:39:13.420 –> 00:39:19.869 Gregory Landua: Side note, I guess, Sean, this means that the MCP, the Region Ledger MCP is not…
381 00:39:20.050 –> 00:39:21.150 Gregory Landua: Working for these agencies.
382 00:39:21.150 –> 00:39:24.260 Shawn Anderson: Yeah, these agents just aren’t connected to…
383 00:39:24.450 –> 00:39:28.999 Shawn Anderson: MCPs right now. I do have a local agent running,
384 00:39:29.420 –> 00:39:33.699 Shawn Anderson: It just hasn’t been a priority to sort of maintain these agents, because we’ve been focused on.
385 00:39:33.700 –> 00:39:36.060 Gregory Landua: Yeah, no, totally. We’ve been doing a bunch of other stuff, so…
386 00:39:36.060 –> 00:39:45.700 Shawn Anderson: But, I do have an agent running locally that is connected to the MCPs, so, I can run any… anything here.
387 00:39:45.700 –> 00:39:47.140 Gregory Landua: Do you wanna just screen share and…
388 00:39:47.140 –> 00:39:48.000 Shawn Anderson: Absolutely.
389 00:39:48.000 –> 00:39:54.560 Gregory Landua: questions with that agent? Because I think in some ways, we’re just trying to get a sense of what’s possible, and then we can think about how to…
390 00:39:55.000 –> 00:39:56.810 Gregory Landua: You know, like, leverage the tools.
391 00:40:02.810 –> 00:40:04.370 Shawn Anderson: Can you guys see this?
392 00:40:04.530 –> 00:40:05.180 Gregory Landua: Yep.
393 00:40:05.480 –> 00:40:22.080 Shawn Anderson: So I wasn’t… I’m just kind of joining a little bit late, so I wasn’t sure, but I was trying to track… I said, can you use the regen MCPs to research and write a proposal? I wasn’t sure the details of the proposal. I said, first get the supply dynamics accurate, what’s… what’s the regen supply?
394 00:40:22.360 –> 00:40:33.800 Shawn Anderson: Current supply data, 219 million… regen… Community pool, 3.5 million regen.
395 00:40:34.370 –> 00:40:38.530 Shawn Anderson: 17% tax rate, block rewards flow to the community pool.
396 00:40:38.850 –> 00:40:42.680 Shawn Anderson: Distribution, 17% of staking rewards.
397 00:40:43.080 –> 00:40:51.750 Will Szal: Yeah, and that 17% have been related to Christian’s recent proposals, because then the community… then there are these votes to send
398 00:40:51.880 –> 00:40:56.059 Will Szal: funds from the community pool to the liquidity DAO.
399 00:40:57.500 –> 00:40:59.310 Will Szal: To incentivize liquidity.
400 00:41:04.740 –> 00:41:15.619 Max Semenchuk: Could you, help with the, steps, how to work with the, like, Claude or any other tool? Like, how to connect this?
401 00:41:16.510 –> 00:41:27.359 Shawn Anderson: Yeah, I’m putting out… so I’m putting out a weekly post on the forum, and I’m working on getting one out today, and
402 00:41:27.470 –> 00:41:40.259 Shawn Anderson: I was intending to have some instructions, but I’ll make sure that that’s, like, a focus point, that there’s clear instructions. I want to illustrate how to do this in Cloud Code.
403 00:41:40.550 –> 00:41:48.950 Shawn Anderson: and also in ChatGPT and the web. But, yeah, I mean, I think Cloud Code’s by far my favorite environment.
404 00:41:49.160 –> 00:41:51.930 Gregory Landua: Have you been playing with Gemini recently?
405 00:41:51.930 –> 00:42:07.810 Shawn Anderson: I haven’t. I have a little bit, yeah, I have a little bit. I haven’t connected MCP servers, I can look into how to do that and include that as well. I could, I could… yeah, because I… I just want to, like, diversify the testing environments, so…
406 00:42:07.810 –> 00:42:10.639 Gregory Landua: Yeah, I would… I haven’t… I’ve been… I’ve been…
407 00:42:10.790 –> 00:42:13.370 Gregory Landua: I still need to set up my Cloud code.
408 00:42:13.980 –> 00:42:23.180 Gregory Landua: But I’ve also been thinking about… I mean, because Gemini’s winning… Gemini’s recent… Gemini’s recent… Gemini 3 release
409 00:42:23.420 –> 00:42:25.279 Gregory Landua: Is winning all the benchmark.
410 00:42:25.650 –> 00:42:28.439 Gregory Landua: stuff across all of the different things.
411 00:42:28.440 –> 00:42:35.320 Shawn Anderson: Now Opus 4.5 came out. Opus 4.5 destroyed across all the, like, software engineering and stuff like that, but…
412 00:42:35.490 –> 00:42:40.450 Shawn Anderson: Yeah, it’s a tight race between Anthropic and Google, I think.
413 00:42:41.080 –> 00:42:51.029 Gregory Landua: Yeah, well, interesting. So, I hadn’t seen that Opus 4.5 had actually been winning, but that’s great! I mean, it’s great that they’re pushing each other.
414 00:42:51.610 –> 00:42:57.379 Gregory Landua: It seems like GPT is falling behind,
415 00:42:58.000 –> 00:43:01.970 Gregory Landua: Although there’s certain things that GPT still does the best, I think.
416 00:43:02.810 –> 00:43:10.649 Gregory Landua: mostly related to, like, more boring uses of LLMs That are, like.
417 00:43:10.770 –> 00:43:13.310 Gregory Landua: Writing blog posts and stuff like that.
418 00:43:13.310 –> 00:43:13.960 Shawn Anderson: Yeah.
419 00:43:14.210 –> 00:43:15.940 Gregory Landua: I actually think GPT is…
420 00:43:16.120 –> 00:43:27.070 Gregory Landua: generally just, like, a little bit better at formatting and other stuff like that. So anyway, cool, this is awesome to see this working.
421 00:43:27.250 –> 00:43:38.509 Gregory Landua: And glad that you’re just working on a forum post. That feels like it’s probably the right next step, is that there can be the forum post update that kind of includes docs, essentially, for getting things running.
422 00:43:38.800 –> 00:43:39.500 Shawn Anderson: Cool.
423 00:43:39.930 –> 00:43:49.229 Shawn Anderson: Do we want to push this right now? Is there… I’m not exactly up to date with what you guys are talking about in terms of the proposal, but…
424 00:43:49.590 –> 00:43:52.410 Shawn Anderson: Do you want me to quickly write something out here, or…
425 00:43:59.810 –> 00:44:00.449 Shawn Anderson: Or is it better.
426 00:44:00.450 –> 00:44:06.919 Gregory Landua: I would have to do a… I mean, in order for it to work well, I feel like I would need to take the transcript of this call.
427 00:44:06.920 –> 00:44:07.510 Shawn Anderson: Yeah.
428 00:44:07.700 –> 00:44:20.309 Gregory Landua: And… some other context… And… but, like, use that to both generate some… Context and a well-structured prompt.
429 00:44:21.290 –> 00:44:23.979 Gregory Landua: And get that context up.
430 00:44:24.650 –> 00:44:29.660 Gregory Landua: Onto the… like, into the koi, and be clear about where it is.
431 00:44:31.310 –> 00:44:41.129 Gregory Landua: and then have the prompt that references that and other… and the MCPs. So I don’t… I feel like that is doable, that’s probably, like, 15 minutes worth of work.
432 00:44:42.290 –> 00:44:51.520 Gregory Landua: as it currently exists. I mean, I think there’s a world in which everything I just said, given that I just said it, could have just been automated and executed, but we’re not quite there yet.
433 00:44:52.610 –> 00:45:01.789 Shawn Anderson: Yeah, I wish Darren was on the call. I know he’s… I think he’s getting these transcripts into the Koi database now. I’m not sure how automated that.
434 00:45:01.790 –> 00:45:09.320 Gregory Landua: How real-time it is, like, if he’s just, like, you know, getting… Yeah.
435 00:45:11.300 –> 00:45:17.689 Gregory Landua: So, yeah. Well, let’s, let’s shift gears, let’s shift gears a little bit, and,
436 00:45:20.330 –> 00:45:24.870 Gregory Landua: I have too many… like, I have a little bit of a list today…
437 00:45:25.120 –> 00:45:34.119 Gregory Landua: And I’m a little backed up. Let me just take a note of, token, econ, to-do, prompt, engineer…
438 00:45:34.410 –> 00:45:51.280 Gregory Landua: a proposal… Related to… Region, region, commons… Octant, SPV, Liquidity… Shared desiring…
439 00:45:55.680 –> 00:46:00.250 Gregory Landua: Okay. I gave myself a little to-do, I don’t… I… because it’s clear in my head, I don’t know how
440 00:46:00.410 –> 00:46:12.490 Gregory Landua: If anybody else says, I’ve got this super clear, I want to take a crack at this, please raise your hand. I feel like I have a vision, and I’m trying to delegate it, but if other people aren’t seeing it, I’ll try to do it.
441 00:46:12.890 –> 00:46:13.730 Gregory Landua: But…
442 00:46:13.840 –> 00:46:18.239 Gregory Landua: If somebody else is like, no, I’m actually clear, I want to do it, like, Brandon, do you want to do this?
443 00:46:18.740 –> 00:46:21.400 Brandon Kelly: Yeah, I was game for it, even right now. I mean, just a…
444 00:46:21.400 –> 00:46:28.389 Gregory Landua: Fuck yeah, Brandon, you do it. You do it. I’m gonna put what I just typed in the text, you take this next step.
445 00:46:31.870 –> 00:46:46.170 Brandon Kelly: I just feel like what you just said, it does feel like you have the greatest context with Regent Commons, so, like, you doing the draft with everything you just said with 15 minutes, then handing it over to us, and… I don’t know, it just seemed like…
446 00:46:46.170 –> 00:46:49.849 Gregory Landua: I’ll do it. I’ll do the first draft, I’ll hand it to you, you guys can rock.
447 00:46:50.070 –> 00:47:07.310 Gregory Landua: rock and roll, because, yeah, I’m holding the, like, how does this knit into the Region Commons culture and incentive stack? And… but how are we making a proposal into that that, like, is exciting and compelling and correct?
448 00:47:07.650 –> 00:47:07.970 Brandon Kelly: Yeah.
449 00:47:08.500 –> 00:47:11.160 Brandon Kelly: But it’s 10K as well, that they’re getting.
450 00:47:11.640 –> 00:47:18.819 Gregory Landua: It’s… it’s… it’s amazing, and it’ll be really valuable, and it will create a… I, I mean…
451 00:47:19.110 –> 00:47:29.379 Gregory Landua: So… so just to talk out loud and get this into the voice transcript, the things that I think need to happen, and can I get a straw poll? I think we need to get rid… we need to…
452 00:47:29.740 –> 00:47:32.770 Gregory Landua: probably back away from regen network.
453 00:47:33.300 –> 00:47:34.800 Gregory Landua: as our brand.
454 00:47:35.470 –> 00:47:45.419 Gregory Landua: and region… well, in a way, not, but actually be inviting Region Commons and region coordination to both be part of Region Network.
455 00:47:45.610 –> 00:47:54.400 Gregory Landua: Along with us, And those on this call, mostly, I think we’ve been working on the region registry, Project.
456 00:47:55.730 –> 00:48:04.270 Gregory Landua: So we need to say, like, we’re Region Registry. There’s also Region Commons, there’s Region Coordination, there’s ReFiDAO, there’s…
457 00:48:04.470 –> 00:48:10.929 Gregory Landua: And we’re all part of a bigger region network, which is like a network nation, which is like a regenerative nation.
458 00:48:11.300 –> 00:48:18.969 Gregory Landua: And we want the regen token to be a central store of value tool for that entire ecosystem, not just
459 00:48:19.430 –> 00:48:23.219 Gregory Landua: the instrument of Region Registry, which it has been up until now.
460 00:48:24.140 –> 00:48:31.699 Gregory Landua: Right? And… It should still work for Region Registry, but it should also work for these other purposes.
461 00:48:31.960 –> 00:48:36.740 Gregory Landua: Yeah. To create a real unity amongst a broader community.
462 00:48:37.000 –> 00:48:40.740 Gregory Landua: So, so therefore, our proposal is…
463 00:48:40.970 –> 00:48:45.600 Gregory Landua: To unify a liquidity strategy, to unify a brand strategy.
464 00:48:45.830 –> 00:48:55.639 Gregory Landua: To unify a public goods funding strategy, to, and to reinvent the region token economics in the image of a broader community.
465 00:48:56.060 –> 00:49:05.319 Gregory Landua: you know, and we can talk about the steps that Region Registry is doing to bring ourselves into the Ethereum ecosystem, interoperability.
466 00:49:05.430 –> 00:49:06.960 Gregory Landua: You know, our…
467 00:49:07.310 –> 00:49:24.420 Gregory Landua: like, the liquidity, we can get into the details of, like, the governance process and the other things, and then we can say a practical next step is essentially to have Region Commons form the marketing and communication backbone of this bigger shift.
468 00:49:24.760 –> 00:49:30.989 Gregory Landua: Right? And make a proposal to existing region registry
469 00:49:31.210 –> 00:49:40.460 Gregory Landua: Token holders about token economic upgrades. But to start with, we’re going to be allocating a big chunk of regen and some capital.
470 00:49:40.530 –> 00:49:53.310 Gregory Landua: to them running this campaign, and maybe doing some thinking about what the upgrades need to be for the token economics. And by token economics, I mean both mechanism design, as well as new distribution design.
471 00:49:54.080 –> 00:50:08.509 Gregory Landua: And that, in essence, it’s like there’s two parts. Phase one is just, like, we’re gonna start marketing together, and we’re gonna tell a bigger story, which we’re all a part of, and phase two is actually, like, some more advanced mechanism and protocol design around the token economics.
472 00:50:10.130 –> 00:50:14.209 Gregory Landua: And we sort of do an RFP to the Region Commons to participate in that.
473 00:50:15.440 –> 00:50:21.230 Gregory Landua: Does that sound more or less correct to everybody? And do you guys vibe with my instincts around…
474 00:50:21.240 –> 00:50:37.209 Gregory Landua: sort of, like, bumping Region Network out, and being more clear that, like, kind of, like, what we’re all working on has been, up until now, a sub-part of Region Registry, and that we want to invite other people to see themselves as, like, belonging and owning the bigger vision.
475 00:50:40.530 –> 00:50:41.070 Brandon Kelly: Awesome.
476 00:50:41.430 –> 00:50:43.469 Gregory Landua: Will, you’re a holdout there.
477 00:50:45.390 –> 00:50:51.650 Will Szal: Yeah, I mean, I guess it’s, I’m not against it. I think it’s,
478 00:50:51.950 –> 00:50:56.660 Will Szal: Well, there’s a lot of, subtle ways, and…
479 00:50:57.540 –> 00:51:00.700 Will Szal: Which words we use shift the framing.
480 00:51:00.800 –> 00:51:04.839 Will Szal: Yeah, I mean, I think that’s fine for now.
481 00:51:05.920 –> 00:51:06.570 Gregory Landua: Cool.
482 00:51:08.280 –> 00:51:25.269 Gregory Landua: Okay, fantastic. So that’s all in the transcript. I’m gonna use that transcript to generate a first draft. I’ll probably just be using GPT to do that, because that’s what has the most context in my world at the moment. I still have yet to do good digital knowledge gardening.
483 00:51:25.340 –> 00:51:32.359 Gregory Landua: with our amazing tools, so I’m still… feel like I’m doing this the… Old-fashioned way, as it were.
484 00:51:32.510 –> 00:51:51.789 Gregory Landua: And I’ll take the next step, and I’ll send it on to you, Brandon. And I’ll CC you, Mark, but I’ll send it to you, Brandon. You’re gonna be the primary responsible one, to then make sure that it fits with, like, a clear, like, liquidity strategy, marketing strategy.
485 00:51:51.860 –> 00:52:03.980 Gregory Landua: And then, Mark, you should have a look, make sure that the SPV’s strategy and interests and proposals are accurately reflected in the… and I’ll try to make sure that it’s clear, that’s like, part of this is a big vision.
486 00:52:04.420 –> 00:52:15.769 Gregory Landua: And part of it is talking about future phases, and then be super clear what we’re proposing is collaboration and us paying for phase one of a… like, of a marketing campaign, basically.
487 00:52:15.940 –> 00:52:18.770 Gregory Landua: To a go-to-market campaign and strategy.
488 00:52:20.110 –> 00:52:25.759 Brandon Kelly: I’m just wondering what the disenchantment is for them. I mean, we’re a regen network.
489 00:52:25.940 –> 00:52:31.669 Brandon Kelly: the brand is solid, the… like, I don’t understand the disenchantment, but…
490 00:52:31.670 –> 00:52:51.439 Gregory Landua: Dude, if I… I can’t… I can’t even go there. I don’t even want to… all I want to do is try to stay focused, because I just get so frustrated, and it takes energy away from me, so I don’t even really want to have that conversation, to be honest. Alright. I feel heartbroken and upset and confused that
491 00:52:52.590 –> 00:52:55.880 Gregory Landua: There isn’t already alignment.
492 00:52:55.990 –> 00:52:58.810 Gregory Landua: I thought, what the fuck else could we do?
493 00:52:58.920 –> 00:53:04.790 Gregory Landua: We’ve been doing all the things for fucking years, but anyway, they might…
494 00:53:05.200 –> 00:53:14.389 Gregory Landua: to that, but they don’t share it overtly, so maybe we need to be… create some sort of safe space to hear that.
495 00:53:14.610 –> 00:53:21.140 Gregory Landua: I have my jaded, cynical perspective, but there might be some really…
496 00:53:21.410 –> 00:53:25.859 Gregory Landua: hidden, important things that we just not… we’re blind to, so… I don’t know.
497 00:53:26.150 –> 00:53:35.860 Brandon Kelly: I look forward to hearing that, because the… the… the other part, there’s the region registry, but then the other part that you mentioned, the communal part, is…
498 00:53:36.120 –> 00:53:45.210 Brandon Kelly: that it fills in is the liquidity, is the token as the currency for all of the stuff that they’re working on, so…
499 00:53:45.510 –> 00:53:48.440 Brandon Kelly: I look forward to this. Look forward to it.
500 00:53:48.780 –> 00:53:51.539 Brandon Kelly: Can move on, though, if we have other things to cover.
501 00:53:52.500 –> 00:53:53.250 Gregory Landua: Yeah.
502 00:53:53.810 –> 00:53:54.720 Gregory Landua: Well…
503 00:53:57.250 –> 00:54:03.900 James: Yeah, I can hop in with a little update, might be helpful. We are… so…
504 00:54:04.220 –> 00:54:12.559 James: I noticed, Gregory, you posted that intense-based thing. I don’t… I don’t think it raised enough, but, we…
505 00:54:12.820 –> 00:54:37.149 James: We should have that basically built. So, we have a new LLM API coming soon, so any agent can essentially add it to their knowledge, and then anyone will be able to retire EcoCredits just through the agent, so it could tie in really well with, what Gaia’s doing and stuff, but basically.
506 00:54:37.150 –> 00:54:39.329 James: Intense, they can write out.
507 00:54:39.370 –> 00:54:51.710 James: What kind of project they want to support, how they’d like to pay, sort of thing, and then it just gives them the payment address, gives them the receipt of payment, links them to the certificate, all in one little chatbot.
508 00:54:52.050 –> 00:54:57.470 James: And then, basically can use that to go across to other chains and stuff like that.
509 00:54:57.880 –> 00:54:58.760 James: So…
510 00:54:58.990 –> 00:55:04.310 James: Can hit you guys with some docs and stuff soon, but just wanted to put it on your radar.
511 00:55:04.310 –> 00:55:08.710 Gregory Landua: docs and maybe a little, like, Loom video or something like that would be awesome.
512 00:55:10.680 –> 00:55:12.770 James: Yeah, so I don’t know how far that…
513 00:55:12.970 –> 00:55:27.189 James: Gaia agents are on that, but you can just pop it in there, and any, I guess GPT, Claude, and all the major LLMs will be able to read it, and just pick it up. There’s no…
514 00:55:27.380 –> 00:55:31.369 James: no real… Code needed for integration or anything.
515 00:55:33.700 –> 00:55:37.500 Gregory Landua: it’s an MCP that we can add, or what… how did you structure it?
516 00:55:37.890 –> 00:55:38.780 James: API.
517 00:55:40.060 –> 00:55:46.749 James: But it’s, it’s just knowledge, essentially, and, and connect to it, but yeah, LLM is just an API.
518 00:55:47.850 –> 00:55:52.769 Shawn Anderson: So you just pass the instructions to the API, or to the LLM, and it figures out how to use the API.
519 00:55:53.260 –> 00:55:53.950 James: Yeah.
520 00:55:54.380 –> 00:55:55.030 Shawn Anderson: Nice.
521 00:55:58.580 –> 00:55:58.960 Gregory Landua: Cool.
522 00:55:58.960 –> 00:56:11.030 James: Yeah, so if anybody wants to launch a chatbot or something, or put it on their site, little… all you need is a chatbot function, you can get it in Wix, and then essentially give it that, and you’re good to go with regen credits.
523 00:56:12.870 –> 00:56:19.290 Gregory Landua: Right, so you have a little wizard that can execute… purchasing region credits.
524 00:56:19.830 –> 00:56:28.909 James: Yeah, as long as the chatbot’s hooked up to any kind of LLM, then yeah, you just need to feed the chatbot agent that knowledge, and it’s good to go.
525 00:56:30.940 –> 00:56:35.349 Gregory Landua: Presumably, then you also need to give it permission to execute transactions on your behalf.
526 00:56:36.680 –> 00:56:37.970 James: No? Why?
527 00:56:39.490 –> 00:56:42.890 James: It’s a permissionless protocol anybody can use.
528 00:56:43.700 –> 00:56:51.079 Gregory Landua: No, but I mean, the agent needs to be able to access cash and, like, execute transactions to purchase, retire, do things.
529 00:56:51.400 –> 00:56:56.500 James: No, it just provides the link on where the user needs to send them.
530 00:56:56.720 –> 00:56:58.720 Gregory Landua: It’s just doing instructions for you.
531 00:56:58.950 –> 00:56:59.670 James: Yeah.
532 00:57:00.170 –> 00:57:04.560 James: Okay. So it gives the full, full instructions, I mean, that’s how you retire it.
533 00:57:04.690 –> 00:57:09.050 James: Cross-chain now, anyways, is… is you… Send a payment.
534 00:57:09.820 –> 00:57:12.159 James: It makes everything happen, like, that’s…
535 00:57:12.650 –> 00:57:16.569 James: intense 101, basically, so… yeah, just…
536 00:57:16.790 –> 00:57:21.290 James: Tell the intent what you want, here’s the address, here’s all the proof that it happened.
537 00:57:22.130 –> 00:57:23.000 James: Done.
538 00:57:25.090 –> 00:57:29.239 Gregory Landua: Cool. Definitely look forward to a little demo, that’ll be fun to see.
539 00:57:29.870 –> 00:57:31.210 James: Yeah, sounds good.
540 00:57:36.070 –> 00:57:36.640 Max Semenchuk: Nope.
541 00:57:41.230 –> 00:57:46.250 Gregory Landua: What was the other… Agenda item… Different.
542 00:57:46.250 –> 00:57:51.559 Max Semenchuk: We have 2 minutes left, and we haven’t touched on the proof of authority, like, discussion.
543 00:57:53.670 –> 00:58:05.070 Gregory Landua: Yeah, well, we could postpone that to next week, I mean… The logic here is…
544 00:58:05.470 –> 00:58:13.909 Gregory Landua: According to Max’s simulation, The most important thing to be, incentivizing is sales.
545 00:58:14.520 –> 00:58:16.080 Gregory Landua: to be rewarding…
546 00:58:16.200 –> 00:58:25.220 Gregory Landua: the EcoTokens of the world, Sarah Baxendales of the world, the Klimas of the world, Brandon’s of the world, other people who are actively going out.
547 00:58:25.340 –> 00:58:33.870 Gregory Landua: in trying to build demand for eco-credits, because of how pivotal. And of course, this is a region registry-centric token economics perspective.
548 00:58:33.990 –> 00:58:45.839 Gregory Landua: To link it back to that bigger conversation. But nonetheless, it would fuel the whole movement to have eco-credits be getting demand and sold. So that would be a powerful thing to be providing to the world.
549 00:58:46.910 –> 00:59:02.899 Gregory Landua: Therefore, if we can minimize the costs that we spend on security in a simple and easy way, and then reallocate any block rewards or infl… you know, any protocol-level inflation to sales.
550 00:59:03.240 –> 00:59:10.329 Gregory Landua: That is a really positive thing. Right now, we’re reallocating some to liquidity, but…
551 00:59:10.820 –> 00:59:16.639 Gregory Landua: This is all a continuum, so maybe we still stay proof of stake, but we make another chunk.
552 00:59:17.020 –> 00:59:31.019 Gregory Landua: going to sales, and so it’s a much smaller chunk for validators, but we maintain that proof-of-stake logic, or maybe we make a shift and say, there’s an approved list of validators, they’re running the infrastructure.
553 00:59:31.050 –> 00:59:38.100 Gregory Landua: In exchange for transaction fees and some other things. I don’t know, you know, we’d have to think through that.
554 00:59:38.160 –> 00:59:45.640 Gregory Landua: And then we’re engineering incentives and starting to move towards, again, this vision of a capped
555 00:59:45.810 –> 01:00:04.679 Gregory Landua: capped dynamic supply, where there’s a supply cap, but there’s also minting and burning. And so we’re using the minting to incentivize sales and liquidity and other essential network functions, but then we’re burning for other specific functions, so that we created an equilibrium and can use that to tell.
556 01:00:04.680 –> 01:00:07.360 Gregory Landua: A compelling, sort of, story.
557 01:00:07.630 –> 01:00:12.109 James: So is this moving… are there not going to be validators anymore, then, with this?
558 01:00:12.310 –> 01:00:18.899 Gregory Landua: No, there would… this… in this proposal, there still would be a minimum validator set, 7 or 8 or 9 or something.
559 01:00:20.580 –> 01:00:37.420 Gregory Landua: But it’d be a further reduction, just to the minimum needed to maintain liveness and uptime, and govern particular aspects to create a neutral infrastructure, but it allows us to be a little bit more agile, a little bit more clear, spend a little bit less on security.
560 01:00:37.460 –> 01:00:47.909 Gregory Landua: And probably continue our march towards Ethereum alignment as an L2, or some other sort of, like, hybrid security system. But…
561 01:00:48.000 –> 01:00:52.160 Gregory Landua: That’s… that’s, like, broadly the thinking that’s been getting discussed.
562 01:00:57.350 –> 01:01:03.550 Gregory Landua: So, I don’t think we have time to… to… to contemplate it in depth, but everybody can…
563 01:01:03.850 –> 01:01:09.959 Gregory Landua: Having heard that, can have their thoughts, and maybe we can do another table discussion about this next week.
564 01:01:10.230 –> 01:01:20.630 Gregory Landua: Just a reminder, there’s a very detailed analysis of proof of authority, pros and cons that Max did almost 2 years ago now.
565 01:01:21.060 –> 01:01:21.900 Gregory Landua: Okay.
566 01:01:23.160 –> 01:01:24.260 Max Semenchuk: Yeah, I can dig it.
567 01:01:24.530 –> 01:01:31.629 Gregory Landua: Yeah, that’s available for people to look up and just, like, have a think about this. I don’t feel a super strong…
568 01:01:31.960 –> 01:01:38.399 Gregory Landua: I don’t feel super strongly about it. It does have some pros.
569 01:01:38.590 –> 01:01:41.420 Gregory Landua: There are probably some cons.
570 01:01:41.760 –> 01:01:45.689 Gregory Landua: I don’t think it’d be super hard to implement.
571 01:01:45.880 –> 01:01:51.749 Gregory Landua: With the 5.53 upgrade, we can actually, like, reallocate
572 01:01:52.250 –> 01:02:03.729 Gregory Landua: in creative ways, emissions, and so we… we can still basically… I think we could basically do it out of the box. We’d just be creating, sort of, like, a DAO that allow lists validators.
573 01:02:04.040 –> 01:02:11.960 Gregory Landua: that has a max cap on the number of validators, and so, James, there would still be validators, but they would be permissioned.
574 01:02:12.160 –> 01:02:15.099 Gregory Landua: Instead of it being an open validator market.
575 01:02:16.260 –> 01:02:18.780 James: But there’s no rewards, then, for the validators?
576 01:02:18.780 –> 01:02:21.050 Gregory Landua: We could determine that.
577 01:02:21.170 –> 01:02:30.180 Gregory Landua: it could be permissioned with rewards, it could be rewards are a cut of USDC of transactions, it could be reward… it could be that
578 01:02:30.380 –> 01:02:41.409 Gregory Landua: there’s no rewards for a period, and we’re asking people to just do it, because validators currently lose money anyway. There’s a number of different ways that we could think about that.
579 01:02:49.220 –> 01:02:50.080 Gregory Landua: Great.
580 01:02:50.300 –> 01:02:50.920 Gregory Landua: Cool.
581 01:02:50.920 –> 01:02:51.770 Max Semenchuk: Okay.
582 01:02:51.770 –> 01:02:52.330 Gregory Landua: Thanks, everybody.
583 01:02:52.330 –> 01:02:54.280 Max Semenchuk: the link now…
584 01:02:54.430 –> 01:03:03.800 Max Semenchuk: to the Telegram group. Thanks, everybody, and hope to continue this conversation in chat and our next calls.
585 01:03:04.340 –> 01:03:05.080 Will Szal: Thanks, everybody.
586 01:03:05.080 –> 01:03:07.200 Brandon Kelly: Here’s some rest, Max. Take care, guys.
587 01:03:07.200 –> 01:03:07.859 James: Thanks, everyone.