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gmfarcaster it is friday may 17th and you are here with adriana nannish brock for not only 29 minutes of farcaster news to start your day but a little bit of an interview as well so we're gonna go a little bit longer today but we have itay here from dynamic and we're super excited so jim itay welcome
hello thanks for having me this is very exciting i didn't realize it's 29 minutes exactly this makes it so much more like so much cooler
and we never we tried
let's we we never hit it we've never
hit it
so we used to be 21 minutes and it and we did hit it for a long time and then like frames happened and happened and we have never hit 21 ever again so we just bumped
29 in but do you measure it from 9 or it's 29 from going live
from going live okay fair enough yeah so we'll we'll see we're we and when we have an interview we don't we don't even attempt we don't even attempt to try and stick to it
i have trust i think i think it will make it happen we try to keep
it under 30 because no one's got time
yeah no one's got time
you know everybody's busy we're we're here for the busy people right we are we are here for the builders and the and the founders and all the things and you know everybody's busy so that
makes sense
try and keep it short and give you give you just the stuff you need the new the news you need we're having some lag interesting okay so let's go adrian adrian's driving today because my computer is being cranky so we'll we'll let adrian drive so adrianne what's up what's our first what are we chatting about
just shout out if it's laggy we are double streaming on another platform that is known for video i won't say which one but if you're on a long way that we love we love you on lonely but there might be another platform you can move to just for today
good point good point we love on lonely but we're also on youtube so if you're having any lagging issues please pop over there as well okay adrienne
alright let's pop up when you drive day you ready
i'll do it
there we go
there we go
let's start with
what do we got
retro grants this is i believe the 1st official retro grants coming from the merkel team
from 2024 maybe have they done these before
i don't think they've done these i think they've
they've done them before they've definitely done them before but this might be the first one for 2024 can't remember them doing any this year possibly but these are all for different development projects so i saw df on there i saw a few others and itai any thoughts on the way in which they sort of approach this developer grant process like has there been i don't know if dynamics had any opportunity to take advantage of that or if that's been more like the one off builders
yeah no so i'm i'm a huge fan of this 1st dynamic to your question did not but that's that's a good thing we're a ventured back company we have money this should not go to companies like dynamic this should go to folks building open source software that has kind of you know that is put out there and benefits i would argue dynamic benefits the community as a whole but like this benefits the community as a whole and you could see this right in the vm and frog folks that kind of got the 20 k prize that is a perfect use case of that for instance dynamic actually is a sponsor of of this project as well so vm and frog are sponsored by dynamic as well so this is this is like a i i'm loving this i am really really
can you get quick tldr on frog i've i know it's in involved in sort of the background of all these different apps that are using and doing sign in and all this with war cast but i or with farcaster but i don't fully understand exactly what the benefits are if you can do a quick like what is fraud
absolutely so first just context of that team right so that team is the team that build vm which is today kind of the most popular way to track with web 3 crypto on on javascript right and then wabli which was the original library with with react hooks and then what they did is they built frog which is essentially just a set of tools to make it really easy to build frames so if you wanna build like these really super fancy frames there are really 2 routes for you to go you can go the no code route use tools like or pinata or others and kind of spin up full no code type solutions but then if you wanna take it really to the next step you probably need a set of tools that's where frog and frames dot js come in which is just give you kind of a set of really nice tools to do it faster so it just benefits the community right so we might leverage a frog for instance
oh very cool okay so i've been hearing a lot about frog and i heard a lot about it at farcon too when and i think diap was talking a little bit about it in his talk and i wasn't fully understanding what it was so that's really helpful adrienne any other thoughts on the retro grants
just the emphasis in there this was this went to not just developers but open source so it's it's developers who were building without you know and these are retro grants which means they weren't building with any expectation of getting paid they built they built something that is open source meaning for the community to use to build on so i think it is like it's really nice to see them getting recognition
yep yep it feels like it's very impact versus based on expectation yes right
yeah except for broadcaster adding in except for bar dutch who deserves none of that reward
oh you're gonna pay for that you're gonna pay for that
one
i still am not convinced that i met him at farcon by the way he keeps saying
that i did we've met i did not meet him and
i have to go double check my icebreaker i have to go to because he said he he's like i tapped your badge too and i'm like wait a minute when why how so i'm i'm sauce i'm sauce on that one
we love you bird we love you bird dutch we love you
bird dutch this is all you tricked
me one time i fell for one of your stupid little trolling traps because i was being genuine and i will never forgive you so yeah so
so now you know don't mess with adrian so let's move on next let's move on so this is from air stack go ahead i'll let you read this up
season 3 i didn't you know like i was sleeping on season 1 and 2 but season 3 of air stack not a token rewards are ready to claim over 1,000,000 d gen is claimable in a frame 96,403 forecasters earned this round and they earned it from casting from building frames from swapping and from building apps learn more with a link did you claim yours
i claimed mine i had some yeah i had a little bit in there i think it was like around 7,000 or something yeah i i claimed
oh i missed mine i didn't realize i completely go
check it out
i feel i feel i feel like i'm like late to the party this is cool what what is it for
what's that seasons i think the seasons that they're doing is like weekly so don't feel like you missed too much oh okay but it's part of like they first did this as part of they launched a swap in a frame where you could swap you know degen for usdc etcetera and then and you earned something called nada token from them and then they started doing some rewards for other actions as well so anything it's really promoting like what air stack is doing and building in the background of of their data and all of that and it's probably we got a couple i'm looking for i thought i saw alex yeah alex is in the alex if we're saying anything wrong please correct us who's in our chat so please correct us but i think that is correct yeah that's really cool
yeah it's 96,000 people that are eligible wow yeah like a third
not yeah not eligible but actually earned and you don't have to do anything ahead of time you don't have to go to air stack and say hey i wanna be you know considered you don't have to sign up it's just if you're active on farcaster you're getting these kind of not a token points which are then redeemable for dgen
oh that's fancy
and i loved alex just said this in our chat proof of work through social contribution i like that
can't be gamed can't be bod ed sounds like a challenge alex sounds like a challenge to the bots
challenge to the bots but okay
i also i i honestly i like this is the retro thing i like the fact that it's retroactive me in the sense right and i think you mentioned this you can't game it because you don't actually know what the system is until after the fact right so it's measured by impact not by you know how you frame your you know no pun intended the impact
exactly and exactly
and i yeah and by the way and shout out the frame experience was very smooth so you kind of click through you can check how much your rewards are i've already claimed mine so i won't do it but it tells you how much and you can go to click the same so super super easy i said we've come a long way since january
that's awesome
it's huge huge alright moving on this from base joined onchain summer build a thon all june aatrax 200 plus eth in prizes open to anyone worldwide and we will definitely be joining this we have something that we'll be dropping next week hopefully almost all the pieces are in place for what we're gonna be doing for on chain summer excited adrienne are you excited about on chain summer i'm so excited
i'm very excited got my sunblock and my sunglasses and
i got my sunglasses too
partying on chain will be partying on chain all summer
i got my sunglasses ready woah woah sneezes and oggles yep i got my glasses on at far con did you we had them at far con did you miss them
oh no i missed them i i feel like i saw them and then by the time i was trying to like find the route way to get it they they were out
it's very scary i have a bunch still i have about i don't know 1100 of them at my house so i'll get you some for sure yeah we will make that happen
that's on right that's on record that's on video right
we've got it on record and also it will be on chain because we put all of our we put all of our episodes as nfts so i really i will make sure
love it
love it to it
it's an enforceable contract
by the way just on some on chain thing we're also stay tuned and follow the dynamic channel we're also gonna announce non chain suburb kind of bounty on this as well so cool stay tuned for that it's coming very soon
very cool that's very cool
i thought i itay was that not announced did i see that
not not just unless unless the team already did this without me knowing which i wouldn't be surprised because they do stuff significantly better than me but i think it's next week
alright that's a mark of a good team don't ask don't ask for permission
this is why adrienne such a we are such good cofounders sometimes she'll do stuff and then i'll be like oh i was just thinking we should do that and she's already done it
exactly it's like fantastic yeah makes my life significantly better
fantastic and this from polluter of minds go ahead i'll let you read it adriane
if you're a paying pinata customer and you build frames respond to this message or send me a direct cast i have questions so many questions but for real i wanna chat about some ideas
we love this i love you know what i i love that warp caskets used for like where you have sort of live customer service if you will like where people are really connecting so it's like you're connecting with your customer i don't know if you find this with dynamic as well where it's very easy to have like sort of organic conversations and feedback and and have that connection that's a little different than you see on like other forms like twitter and things like that
absolutely and we actually see that daily right so daily we actually either get a question in our channel or get a direct cast or someone tags us on kind of a even small things like issues someone's facing and logging into a thing right and someone tags us and it's a very good way for us to jump on it very quickly so yeah absolute this is one of the huge advantages of forecasters exactly that right is is you can actually talk to folks very very quickly
absolutely i agree go ahead
oh we gotta talk about rome
oh talk about rome
if you yeah and if you were i don't know if you were active on farcaster last night was there anything cat being casted besides rome
i didn't see anything besides rome
oh it's all rome recasts so zen from zenbh.eath introducing roam the social on chain browser you can download it it's in it's still in
a testflight yep
testflight test flight but oh there is watch and mint the video it's about a a minute long but it's a good it's a good one join the roam channel be early so this is a social browser rethinking kind of how we navigate the internet with wallet baked in so not going back to work then
really interesting
yeah so read the thread and and test it out
that's really cool and i played around i started playing around with it
i love it with wallet baked in did you
yeah yeah it's pretty nice
what do you think it has in terms of an advantage over like a regular browser
so i i so what's the
what's the advantage
it maybe comes back to the dynamic hypothesis and we'll get to it but like everything's better with financial rails attached right and so inherently the the fact that you can one click potentially start buying selling things one click as you go to websites is this like really cool hopefully it creates this really cool experience right so everything's better it's not just financial rails rails it's financial rails like entity rails like the ability to like do multiplayer stuff so if you could easily go to website a buy a thing then go to website b leverage that go to website c interact with someone else like that creates like this magical experience it's like these extra rails that should have existed on websites anyway that don't and now like they do so i can't i this is a very long answer but think about it very similar to how when when coinbase actually launched the coinbase wallet like in 2016 17th can't remember at this point like that's how they pitched it i don't know if you remember that but that that a very long time ago
they actually don't remember that
which is pretty cool
oh wow that's wild i i don't remember that that's really interesting and i can't wait we're gonna talk a little bit about smart wallet in just a bit adrienne let's pull let's grab a couple more stories and then we'll shift to our interview with dynamic so go ahead what you got for us next
oh from macho where y'all seeing this too and i don't know exactly it was i don't in the northern lights
the macho logo with the northern lights but maybe it was there i you know i didn't get to see the full show so it's possible
it was i love the cloudy our eyes because of humor know who who
who runs their social account who runs their social account are they looking for a new job because i kinda
oh oh trying to steal trying to steal i gotta
oh this is this was one great cast
it was a good one it was a good one they did they did well with that one i love this from yb by the way go ahead
yeah just went on a 45 minute walk and i've decided to build a client for terminally on chain toc i don't know how it will look but i wanna try building it and have fun with it all i know is mobile hyper sub gated we'll share weekly build updates on toc newsletter toc has a ton of smart people that i can jam with and make this client useful
i love this i think we're gonna see a lot more like very niche clients and i think that's gonna be interesting thoughts on that like on people building sort of these smaller niche channel clients what do you think about that
i think dan mentioned this in farcon which is he has this hypothesis that i agree with which is every subreddit can be like a 10,000,000,000 a $10,000,000,000 business and it's the same thing here right which is every channel can be its own community and there's an article i think some i can't remember who mentioned this to me but someone mentioned this to me which is we live in the world of niches and like that you can actually create really cool communities per niche and so this is an example of that where you know a a a niche of specifically bought in people can actually create a very like prosperous maybe is the right word community for for this i i i don't know but essentially i i this was an extremely long way of saying i am loving this this is exactly we'll see this bigger scale over time
yeah i think so too
and i love the forecaster energy it's like had an idea let's just do it and do it yeah
take a
walk with the people yeah yes
so it it or similar to my similar to a lot of how i launch things so i'm like
took a while my writers hackathon the right and why she's gonna help with that too but we're doing a writers hackathon a forecaster writing hackathon in june details next week but that was i was on a walk and i was like oh we should do this and then i casted to see if there was interest and there was interest and now we're doing it
that's awesome
and i love that you moved so bad because we had talked about maybe doing something in the fall and then and then you're like i just want to do it now
we're gonna do something in the fall we're doing something different in
the fall
but i mean i like that you just you know you're like let's do it now let's just do a small version of
it now
i love that okay what else do we got and then let's shift to dynamic
oh you wanna do d gen l3 updates
yeah really quick d gen l3 has been down and there's some updates here from jacek there's a whole thread that we'll go through what happened and what's they're doing to remedy that but it is back online so everything should be working properly now so if you have any questions go check that thread and then
this was a good conversate yeah this is interesting
somebody has to pay for data storage in web 2 the advertisers pay the tech company who pays for storage on farcaster we pay fees to the protocol but those fees just sit in the protocol treasury for example i e they're not spent on anything yet so who is actually paying for the storage forgive if dumb question by the way i'm one of my favorite channels is afraid to ask so thank you 6 yeah who's kind of a big vocal smart thought leader around here too so like just everyone keep asking the dumb questions
yeah because they're not that dumb yeah
yeah they're not
and i had it i i thought i knew the answer to this and i was wrong so i appreciated this
like who's actually paying that electrical bill to run that
yeah
to run that server and it is is it the people paying to run hubs and that's kind of so dan jumps in anyone finding it valuable enough to run a hub for what it's worth this is the same model as bitcoin and ethereum they're not all getting paid via staking or mining
and that was and there's so that was a thing recently or not that long ago they did stop the rewards for hubs so there are a lot of people who are running hubs that aren't getting any kind of reward they were doing some retro for a while to hubs and i they haven't been doing them i think for a bit so they did they did stop that
say again what's the incentive to run the hub then
i think some of the other ones them yeah access to data
they're both access to data like you have it it's yours it's close you can do what you want with it you're not relying on someone else so it's i think it's
i think it's local local coverage essentially so you can essentially do like a dyno or a thing where you essentially charge for or an air stack and you run the nodes you pay for that but then you charge for added service on top of that
exactly i was just gonna say yeah some of the some of the larger you know company businesses that are building on forecast are also running them for that reason
yeah
so that they like a
node as a service engine similar to an i mean to the end point similar to an alchemy or a a quick note or anything like that
yep exactly and somebody dropped a by the way in our chat and on lonely sometimes you can let things fly up so that and this is how they get my attention and they sent a 100 d gen it doesn't work that way yes to crypto like you can't just let it fly in the chat it won't land in my wallet that way i'm just you know just in case you didn't know
yeah maybe it does no
i've got $1 one degen from dewupy thank you another question in the chat is if it did work that way that would be cool but it doesn't go ahead what were you saying another question in the chat
grace grace ship it yeah oh is warps are warps dead i don't know why asking about warps
oh that's what the hubs were getting hubs were getting warps oh and there there are still use cases for warps but mostly right now i think it'll be interesting to see if there's a shift after channels moves to the protocol level because that to me is the biggest use of warps right is to purchase purchasing channels and channel passes which are both going away right which are both going away so good question i don't know that what the use case for warps will be besides tipping but now we have all these other ways to tip so i don't know that's a good question to be to be known to be seen but let's shift gears a little bit to our interview with itai but let's start oops wait one last thing one last thing from maja in ox labs i didn't know you're going there so building in defi they go ahead and read that
if you can building in defi here we go defi is not sustainable yet a big challenge is how to create sustainable business models so the space is not dependent on vc funding forever 0x project has been leading this effort packed with learnings from our journey since 2017 here's our take with a post
i have to be honest would they
should have trust if i
more deep dive into that yeah which i thought was very cool as well can you bring up the from tldr too after this
yes but i actually i'm gonna do one more
one very
go ahead very important news story before we move on so some has been busy sam is busy he was busy he took his time off so how does everyone keep up when you take a few days off from farcaster
please thank you heavyweight
please go into this and and tell him how you do that
go go tell sam how you how you keep up with farcaster when you can't keep up with farcaster and it was
the first comment
yeah the first comment was from heavyweight saying gm farcaster is of course the way you keep up i mean it's
the only right answer that's the only way
i'm ready trying to build a you're trying to pull up x right now
we're ready to move on but i actually just separately and we don't need to talk about it but vitalik had some things to say about farcaster no i got things to say on x but guess what something went wrong on x come up right now it won't come up
try again what happens when you click
oh look at that look at that
i think this is i think honestly that is his statement that x is not the maybe x is not the future that's yeah
x is not the future
as clearly as those who are behind this page
so i did log in to the comment his comment his comment was just basically you're you're on a d you're on a centralized platform talking preaching decentralization instead of being over on barcaster or he did shout out lens but it seemed like an afterthought i'm just saying
just saying it did seem like that way alright and let's i do wanna show this from bracket game and tldr bracket game gets a lot of praise for our smooth and easy onboarding we couldn't do it without dynamic highly recommend for creating a walletless on chain experience and i thought that was really to see and the thing one of the things that we're launching for on chain summer next week will involve bracket game so i did not know that dynamic was behind bracket games whole onboarding so that was very cool so how did that all come about and maybe what we do is back up a smidge and for those who do not know what is dynamic and what have you been building in terms of farcaster
yeah absolutely so let's start with that and then yeah i whenever tim sends a message like that i i it makes my day so i i i asked him i'll ask him again he should send 1 a week i think that'll just make well obviously better love it very quickly what is dynamics so we are a 2 and a half year old company we're kind of a series a company backed by a 16zcrypto and founders fund at the very very basic level we do everything that happens when you click login or sign up and that can mean a couple things it can mean that if you're using a service or building a service that has a farfaster login it could be logged in with farfaster if you're building a service that it's that targets web 3 customers it can be wild login multi chain wild login across evm and solana and bitcoin and cosmos or it can be in the case of a bracket game when you click log in an email or social or passkey based login that creates a wild for you so at the very very very basic level it's everything that happens after you click login and the entire user management and helping developers kind of manage how users interact with their platform and how over time they interact not just within their platform but across platforms within the kind of crypto ecosystem so that's really what we do a different way of saying that is web 3 version of auth0 which is a web 2 company owned by okta
and i love the idea of the cross chain because we see a lot of you know different things happening on different chains and most of the time it's difficult to do that you know cross chain connections so that's very cool to see that happening more and i've even seen that you know within warpcast having solana now coming on
profit what's that
am i hanging out what anywhere but ethereum out on other chains no
you should
occasionally occasionally i do on solana not very often
join the dark side
you're the dark side are you active on solana
i have done very little on solana and it's been a long time since i have but i do have a wallet hanging out somewhere i have a phantom wallet somewhere with a couple things in there but you know and same thing with bitcoin like i i have i hold and that's it and occasionally somebody tries to get me to buy some kind of ordinal and i'm like it's a lot of work but i do think and it's a lot of work to switch chains to do so i think anything that makes it easier to interact with all these different chains that you know especially switching and things like that i think that's super helpful because oh
go for it sorry
no go ahead go ahead no i'm i'm
i i was just gonna say that that a 100% like this entire concept of chains should be something we should not talk about in 3 years right like it
yeah ideally yeah it it it
makes it it's the equivalent of talking about the the protocols you use to send emails or the equivalent of how what protocols are used to for me to access the website right it is a fundamental key piece of infrastructure but it is not something that my parents should care about right and so i really hope that you and we're starting to see by the way signals with this right i really hope that if you wanna buy a thing on solana you just buy the thing and the fact that it's on solana is completely irrelevant for you
yeah that was the idea it's yeah yeah my personality is ethereum but my personality
is yeah and i don't like so alright that was a joke
i really do feel that way though there is definitely there's definitely weirdness to that like where people are a little bit defined by the chain in which they spend most of their time like laser eye bitcoin people and you know like the i don't know there's something different about ethereum people it's really funny it's really funny and solana is all kinds of crazy so
by the way the the most stark example of this is like block where jack dorsey literally forbids them
from
adding period which is wild to me
it's so interesting he's very much loves bitcoin loves the idea of cryptocurrency but that's it he won't touch anything else and i find that very interesting same thing so that's why cash app only has bitcoin you can buy that's that's it but i also recommend that early especially a couple of years ago i would recommend that to students because it was just easy and again this goes to sort of a lot of what you're building the easier you make it for people to onboard the more likely as they will right because as soon as we add a lot of that friction people stop at some point and just give up so yeah it's keith grossman from now moonpay but used to be time pieces would talk about you know his his mother you know his his mother is not going to deal with wallets and seed phrases like there's no way so until it's as easy for keith grossman's mother it's not easy enough so that's so that's up to you itai you're you're in charge of that part
ironically i was literally talking to keith about exactly that like the oh that's what it is it is exactly you're a 100% right like it's the the the it look there's some use cases where the way we think about the world is there's some use cases where crypto is gonna be front and center right then you kind of want that interaction and there's some use cases where crypto is the rails right it's the financial rails it's the identity rails it's the like it's the ownership rails but you should not you should not care for the for the same reason where you shouldn't care where visa settles on via ach or visa settles via a a different method you you should not it should completely be visible to you and that's that's what we're going for there's still like 7 orders of complexity to get there but ideally over time and sorry this is an extremely long monologue so apologies but like ideally over time like companies have this like crypto enabled stack which is just the set of tools to completely abstract the way crypto while getting all the benefits right and so that is you'll see that across authentication embedded wallets account abstraction on ramp on off ramp like swaps across chains bridging ideally that kind of gets squished into a single provider that just abstracts that away from you in a very similar way where you just use a single stripe thing and you don't care that they work with like hundreds of banks globally across like multiple payment rails to make a thing work
right yeah i shouldn't have to know any of that i just want it to work right i just want it to work and be easy and i think about this with you just mentioned bridging bridging's even gotten so much easier but it could be even easier right it's still there's still challenges but i remember like 2 years ago trying to bridge something from polygon and it would be like all day long it wouldn't work it would take days like just to finally get it to work and it was it was crazy you know so it's and it would cost a lot of money too you'd lose a lot in the in the transition so it's like we've come a long way just from that but there's just so much more to do so it's great to see like these tools just becoming easier and easier and i think bracket game is a great example of what you're talking about where you can have people who want to interact with this who don't care about the crypto side of it like they don't want to know what a wallet is and they don't want to know what you know a blockchain is they just think this is cool and they wanna play and they wanna be involved and they you know wanna support a player or whatever it is so yeah it's really
bet on their friends playing pickleball
or bet on their friends playing pickleball
love you team adrian
which is really the meaning of life i think that
actually that's why we're here
exactly but no it all as you're saying it's right to your point like bracket gate what makes bracket gate incredible is not the fact that it's a crypto enabled it's a crypto game the fact that what makes bracket game incredible especially in the pickleball example is you get a whole new type of interaction that is harder to do without crypto games right and you can essentially and that is the magical part right and so no one needs to know it's actually crypto you just get this extra benefit of hey you have assets now you can transfer money out easily you can actually one day go with the bracket game and track with the 2nd site given you have a team or
anything like
that you could maybe open channels on the second app and say hey everyone on team pickleball you know tldr adrian right exactly adrian he had a team yeah exactly you can at the bottom line first round
i'm so i'm sorry everyone who bought me who bought my team
did you lose the first round oh that's rough that's rough okay fair enough i i i full disclosure i've never played pickleball and so i'm like maybe that's for bracket game i'm just waiting for nfl season to cut back that's really and i've asked them
to reach
out to the nfl to accelerate that and they said no but we'll see but essentially like that's the magical bracket right it's not and that's why like where we work very closely with their team is how do you abstract away as much crypto as possible like no the word should not exist in that app right that it
makes it very makes it very simple yeah yeah easy to see it things that like for the for those who us are who are crypto native there's like other you know aspects to it that we can appreciate as well so you don't lose that part of it while making it so easy for everybody else and i think that's
exactly you don't lose i think 2 things that are critical and those are the things i think that we'll talk about with the coin b smart wallet and other global wallet type stuff you don't lose interoperability and you don't you lose permissionless innovation right i incompressibility essentially the idea that you can very easily take what you've built on bracket game and use it in games and like kind of experience number 2 and the second is that experience number 2 doesn't have to call up bracket game and say hey can i partner with you on this thing but rather they can build something and create a like leverage a community very very easily that's as long as we don't lose those 2 then you should abstract away as much as humanly possible
so it's interesting that you say that too because something that the thing that we're building we're tapping into something special for our hyper sub group so our nfts can play a role as part of you know a way in which we interact with bracket game and that's the crypto rails because of that and which we couldn't do otherwise if this was if it wasn't built on crypto rails
so that's exactly right to that point that's exactly right it enables this like really cool interaction it enables multiplayer mode for the internet that's the way i would call it right it enables multiplayer like mode permissionless multiplayer mode for the internet
love that i love that adrian sorry i cut you off before what'd you say
forget what i oh no i was just gonna say ita i just appreciate you kind of this point of view because one i think i needed to hear it for myself because being you know most of us have had you're gonna
call yourself an army again don't call yourself a
army no i was gonna call myself a nerd i'm like i love having to i mean i took a 3 month like crypto debt like a full stack dev course because i needed to know how blockchains work like i wanted to know actually how blockchains work like what does it mean to be immutable how do you know so i have a little bit of that like i yeah i wanna know actually how these why there's different chains so you're right though long term it actually it should not matter and how do i like if you wanna envision like how do i it's probably something i should flip in my own switch of head of like it's it's okay to not know everything
but but but you should right like i think there's nuance here right which is you should know right you have an interest in this right you should understand like the different trade offs right you for the same reason that like if you're interested in the how the internet runs you should know about bgp's and like all that type of stuff and like how you know how under underwater cables connect us all right which companies control like you should have and how much google controls right like you should be able to know that but only if you care if you want yeah exactly
yeah
exact that's exactly
keith keith's mom doesn't care keith's mom does not care
exact well that's that's fair okay totally fair totally fair that that's completely although i heard she actually is very very cool l two
oh great this is exciting
thing but that's exciting
i haven't caught up with i haven't caught up with keith in a while so it's funny so adrianne did you have another cast that you wanted to pull because i see something waiting so i wasn't sure if you wanted to go to that
pulled a few well we had pulled a few but i don't remember
maybe the coinbase smart wallet one
so yeah we had oh that one grab that one yeah let's do that what's this was really cool dynamic demo environment i thought this was really neat where you can collab with others instantly i thought that was very cool and also this demo that you're showing was pretty neat and there was another thing similar to this with consumer crypto so is this a way for teams to work on something together very easily is that what
yeah so so there so
i took it up here
so this is yeah so this is the coinbase smart wallet and we can touch upon that in a second but what we found so dynamic has plays 2 roles right it's a it's an infrastructure product but it's also something your end consumers see right so you set up dynamic and your end consumers actually see dynamic so it plays a very important part in your u user experience in ui and the easiest way i think to convey that is what we built in a demo environment and what we see daily is folks play around with it and say okay this is what i want for my app right okay i've configured it this way this is what i want for my app this is what i wanna buy this is what i wanna set up but then the and the reason we added sharing is the next step of that is okay now i need to send it to my designer or anything like that and and kind of get them to implement that right and so that was a missing link for collaborating and turning the demo environment just a a a place where you can poke around and see what's possible to a place where you can say okay this is actually the structure i want for my system right and so that is the sharing now the the other
that's because the designers were yelling at the devs and they were like give me access and they were like we can't and now they can so there you go
that's exactly
and i did notice something in a different cast talking about pixel you can get it down to the pixel pixel perfect yes that is change colors and design and all of that which i think is really helpful as well making it your own this one
yeah oh yeah yeah that that's important so oh go for it sorry amy
no no i did i was just gonna say that's such a good point that you bring up like you're an infrastructure company but you're actually user experience like you it's you're front facing and and also it's like what people see when they're first logging into somewhere so it's important yeah
first impression
in my experience i found by the way like the people who are really really good at infrastructure don't always understand kind of customer user experience and that so it seems like you have to yep walk that line thread that needle and know both
yeah exactly so this is where like the so our thesis is that no one wakes up in the morning and says let me assign 2 of my best engineers to rebuild our login flows right like that's usually yeah way less than your prioritization but that's actually like surprisingly like you know it's one of the most important flows for conversion right it's one of the most it is the first thing your customers see when they interact with you and so the it's a flow you really have to get right right and so there's a balance here of okay i don't wanna rebuild the wheel or reinvent the wheel versus i need to get something that's very effective and that is a part of our value value proposition which is to say like look this is what we spend our day on we wake up every day for better or worse sometimes worse and think about login flows right and so inherently that means that we have to think about you're right we have to live in infrastructure land and we work with engineers and it's gotta be performant and it's gotta be secured it's gotta think about user management but we also live in design land which is how do you build this like magical experience which is probably the first thing people see when they go to your app right the first thing people see is that login button and so your journey actually starts there how do you make that magical and so that's where the pixel kind of down to the pixel comes in which is literally you can change it i can show 10 you know implementations of dynamic across sites and they're all gonna look very very very different and that's that's by design that's you know because every site has its own different types of optimization the only reason we coined it super flexible is because we already had the naming out and we didn't wanna change the gif so we said okay now it's officially coined super flexible
i love it and i think that you know as you mentioned before like the different ways in which people can choose to log in whether it's passcode that's being sent you know they're logging in as an email they're logging in with a wallet they're like you know there's all these different options and everyone's going to have a different reason for choosing their particular type of login flow so i think that's super helpful for for different you know different purposes if you are customers asking oh sorry go ahead yeah
but just on this etai are customers asking for customized flows is this something that you brought because you think you wanted to do it i'm just thinking of like the web 2 version of sign in with google yeah right more or less the same everywhere like so i don't think when i'm when i do sign in with google i see the google page it looks the same so yeah did people ask you for custom
absolutely
kind of flows or is that something you brought
no so short answer absolutely so every every and i think praful you mentioned this as well which is like there's so the way to think about it is if there's no kind of one magical flow that is the most ideal flow for everyone a social app might want phone first mobile first right right and maybe a face id like a defi app for like high net worth individuals will probably want email login or social or log in with google only not facebook it will probably want 2 factor authentication and then additional kind of you know alerting right so there's there's like a a bunch of these options as a result you actually wanna communicate very very different things in that login flow and that comes up daily right because we hear we have customers like onbuild finance and maple finance on one hand which are you know work with larger enterprises versus a bracket game or you know ajeev's on forecast as well right which is they're they're just building very very different things right and so that's we play in that space a little bit so we gotta offer both your point is right though and actually it the only place where you can't control so every page every website you visit actually will probably have a different login flow the place where you can change is as soon as you click a login with google or facebook where there's a pop up because that's fully controlled by them right and and that's for a very good security reason and actually if i think you showed the coinbase smart wallet kind of pop up it's similar in that sense which is as soon as there's a pop up you can't actually control that anymore for yeah this this thing for a very good reason which is like you can't the coinbase smart wallet cannot trust that the dapp it's on for anything essentially
mhmm
i think having it makes sense too that you to trust it you the user having it be the same in each place that you use it is probably helpful as well yeah i can understand that
that's exactly right
that makes a lot of sense so let's shift to coinbase wallet smart wallet first of all what is a smart wallet and how is it different from the dumb wallet i've been using forever
fair enough i i would argue all wallets are smart wall not kidding but there's a difference is default which is it comes back to what's called eap 4337 which is at the very basic level a wallet what is what is a regular dubu wallet it is an interface on the top of a private public key meaning i have a thing i can sign with and i have a public key that everyone can know is mine right that is what a wallet is it's just inherently a user interface on top of that i save my private key in icloud or or on passkey or anything of that sort or an mpc type solution or in a trusted execution environment at the very basic level i have an interface on top of a private public key that's an issue why is that an issue because i can't add any complex logic to that right it's just an interface on top of that very basic structure what smart wallets are is just the next iteration of that instead of that interface on top of a private public key they're an interface on top of a smart contract so you can add that is on top of a private public key meaning you've added a layer essentially what a smart wallet is is a layer a policy layer a customization layer on top of a wallet that lets you do fancy stuff that's inherently kind of smart wallets they're just an extra layer of sophistication and programmability that they let you do really fancy stuff in the case of coinbase
can you give us an example of like of these stuff like what's a what's an example of them
at the very basic level one example let's come up with a couple of examples of fancy stuff one of them is i want to the concept of gas is a concept we talk about but no one else should know about right i need to pay fees when i use the network no one else should care about one fancy concept of this is i can just have someone else or like the developer pay the gas for the user so they can kind of transact without knowing that concept exists that is one fancy concept right the second is let's say you're playing a game with your private public key you essentially have to sign every transaction a fancy concept to say well up to you know a $100 just automatically sign don't don't ask me just just do it like in the background right so a second kind of fancy concept here is the concept of session keys which is to say hey you know just just abstract some actions that i don't ask me every time and that is a second fancy in the cons in the the context of
what we that makes a lot of sense if i'm thinking like you know layer 2 layer 3 gaming and doing micro transactions within a game that makes a lot of sense like where it's really tiny yeah
yes that is an exact use case for that which is gaming which is actually farcaster is a great example of this which is hey whenever i post a message i don't need to sign right farcaster has this concept of like hey there's a delegated signer that can actually do something on that my behalf and not ask me every time that is an example right right they have this like different implementation but that's the example in the case of the coinbase smart wallet what they did is they said okay well if you have a coinbase account can we one click make it so you can buy any defi thing with money from your coinbase account that's great
without having to move it into the wallet
exactly they call it magic spend and it's like this portal that they built where you can actually kind of you know connect your coinbase account and then they do some like smart logic policy to transfer and convert and get that to the right end result and so that's like a magical thing which is just think about it just like extra surface that they added to that private public key that we mentioned it's just this like making wallets fancy is it is maybe the right tagline here
so then it's a instead of purchasing on like your coinbase account where that is not self custody it's you know custodial wallet by coinbase this is your own wallet without having to move it directly it's like i'm just purchasing this thing and it's moving it for me because it knows that connection
that's that's exactly right that's exactly right so it's it blurs the lines be that we had until today which are i have custodial accounts and they're very secure but they're mostly for trading and you can't really they're more about money they're not about the technology side of crypto interacting with across sites and composability and all that fun stuff and then you have non custodial accounts but non custodial accounts have limitations and you know they're hard to work with and you have a browser extension and all that fun stuff so smart wallets kinda start with a bunch of features blur those lines right let you kind of have the best of both worlds a little bit with and and magic spend is a very good example and i think we'll be hearing a lot more about it in the next couple months i think people today i think they're still underestimating the the impact of that feature mhmm you know i think we'll see a lot more things there so that if think about it as just a way to blur those lines
and when does that launch officially because this was more like getting ready right every has it launched already the smart wallet
yeah yeah so it's still in testnet so smart wallet is still in testnet the the i think it's probably a couple weeks away but coinbase will be a better you know team to answer that versus you know because at the end of the day it's this is you know a coinbase product that we it kind of support it that said right it's fine that it's taking a little bit of time right because essentially this is i think people very quickly understood the massive impact of the smart contract wallet and then specifically the coinbase's implementation of you don't need a browser extension and you don't need a mobile app just kind of you click and it works with a passkey and so that takes a little bit of time to like make i think they're gonna get so many users on day 1 that that i i like their approach of making sure that super robust and audited and all that fun stuff to be able to handle this massive scale that they're gonna get on day 1 yeah so but but putting on the sales hat for like 10 seconds download the latest version of dynamic and you can play around with the test net version
oh the
day it launches you're gonna have that available
oh that's very cool that's good to know adrienne i don't know if you have any questions about this but i also wanna give you time for your speed round and we are coming up on the hour so i'm gonna turn it over to you
yes i have itay we kind of finished all our interlocking round questions
i'm ready
there were actually 2 we talked so much there were other kind of 2 bigger topics i had meant to delve into which we're not going to but i'll tease
them maybe in the
future yeah
me too version 2 yeah i'm that's all yeah
i'll tell you the topics so because then maybe we can talk about it on the feed but you had done a blog on the kinda 3rd and fourth wallet form factors so i was gonna wanna talk about that and then i actually wanna talk to you also about kind of the consumer crypto companies like yours that are kind of selling the best of both worlds which is non custodial wallets but you don't have to manage your keys yeah and you know savvy savvy people in forecaster always have questions of like what does that actually mean where's the risk what happens do you have access to private keys and all of that so i meant to really push you on that but that's you gonna have to come back
well let's ask that question because that was a good really good question that came in and then and then we can jump to our lightning round but if you wanna ask that yeah maybe answer that of like go ahead i'll have you pose it the way it was posed yeah
i mean it's it it wasn't posed this way but this is how i've asked it before it's kind of like gun to head or federal subpoena in hand you know or bad you know like do you have access to to all of the private keys and and who has access and how do you kind of manage the non custodial wallet like the security of private keys
yeah absolutely i i think there's first there there's nuance between trust and custody right and they're they're slightly actually different things right everything you do and this is i'll give the 1 minute version of this answer and there i i think to to your point we can come back and we get can give the like 10 or 20 or 30 minute version the in in our setups they you know to your point like we cannot access keys i i i cannot there's no method in which i can access them right a user can also export their private key at any point and kind of take it with them that's like a key part of of this entire thing there's several and we we we can talk about it there are several approaches that people take either a trusted execution environment or a shamir secret chair or a threshold signature approach to doing all this stuff but at the very back just to answer your question directly right on that front the the that all said that all said there are trust elements here right in general right because the the key is not you know just on the users and device right there might be a share in my system or there might be a key that's stored in a kms or a trusted execution environment and so the discussion that we should talk about i guess next time the discussion is around what elements of trust do you have in that relationship you also as an example just as an extreme example you trust metamask a little bit right because you trust them not to insert rogue code into their browser extension and extract your private right there there there are elements of trust in all of these right you trust apple right because at the end of the day we all are reliant on our operating system or windows i guess right yeah you know i don't i don't know if anyone's or
both depending on
where in the stack this came up before it's kind of there's where in the stack are you trusting and
like exactly so these are i think yeah my custody conversations from like trust conversations what are your trust assumptions as a user and as an end user when you do stuff and your trust assumption should be very different when you're playing a bracket game versus when you're managing a $100,000,000 right and that's why you see companies like fireblocks who do a phenomenal job with mpc on kind of managing massive assets but you also trust fireblocks right so the these are all that was an extremely long way of saying there's some nuance here
yeah and i and you seem i know you're on i'm very active on farcaster and you engage so i imagine people can come and ask questions
everyone should
poke yes push back poke holes yeah i think a lot of some of the questions we've gotten before that people have asked us i think just kinda pushing back on the market you know some of it is here's the facts and then here's kinda the marketing how it's how it's communicated and whatnot so
yeah absolutely i'm always have look let's start from end result which is everyone should have very clear visibility into how do these things work what should be what are the assumptions being made what how do do does someone take their keys with them and kind of you know leave and what assumptions should be made per type of app they track so absolute always happy to that is a critical discussion to have yeah always happy to have that
yeah alright well thanks for the 1 minute version alright or the the 2
we love it yeah alright lightning round let's go alright we're let's
do it
see what he's got let's scare him
okay just kidding
so that's scary
we're obviously we're all friends because we hang out on a social network and there's a lot of url to irl connections and internet friends so itai when how old were you and when did you make your first internet friend
wait how old am i and when no
how old were you how old were you
how old were you
when you made your when did you make your first internet like true internet friends someone you met online first
that is a great question i would assume i was probably 10 years old 10 or 11 years old and that's probably in
either like probably one of the forums i'll tell you exactly actually so i was 11 years old i was very into or 10 years old i was very into design and i posted things on an israeli forum at the time about design and i got a bunch of feedback based on that and then i think i sold my first like logo at like 12 and that was to someone i've never met in real life just purely through the internet
love these stories
oh wow that's cool so you were like the the on the online entrepreneur long before that was a thing that's
i i was i
at 11
yes i i i yeah i had a growing up i had a web development web design company and so yes i learned it was very cool to be able to download photoshop to design a thing to kind of sell it without ever meeting anyone in real life i think the only real life element of this and this is where crypto comes in this was before crypto the only i actually got a check mailed to me which i couldn't deposit because i was 11 years old and so
because you're 11
which was a problem which is a big problem and so it was i still remember to this day i think i still have the check it's a 120 shekels which at the time was like $30 for a logo which i think
i might have
had the price but you know how you guys are selling
that's so funny that's wild i love that yeah k go ahead
next some harder questions mountain or mountain or beach
absolutely be like mountain isn't like hiking sure
strong no you wanna hang out
at a mountain or a beach beach strong no on hiking
okay so wedding event or concert
oh depends on wait okay there's some nuance to it sort of like the custody question there's some nuance here but there's a
there's no nuance in lightning rounds
you can only answer oh i got i can't i can't take one question okay so the the i i would say
sports
alright okay night owl or morning what is it or what what's my night
what night owl or early bird
yeah the early bird
is night owl night owl i do my best work at like 11 pm to like 1 am
alright what's your favorite channel on forecaster
oh i am it's a great question what's my favorite channel forecast or i am a huge fan of the memes channel i gotta say i like i
johnny
try that
johnny's got another one we get we get that answer a lot
i try to actively participate in
on memer
i love that
i am a terrible memer but i i try nonetheless
i love it can you can you play an instrument
no i used to be able to play but
not anymore my kid plays which i count as i mean given he's my kid then that technically means i play he's he plays the electric guitar
oh cool nice
what's the last book you read
last book i read i will tell you does audible count
yep
okay so the last audible the real last audible i listened to was elon musk's book and i literally just downloaded brave new world by sam and sam and
so i i literally have that and then i'm listening to read write own at the same time i don't know if you can
see it nice
that's why i'm downloading brave yep again read write own at the same time
nice nice do you know your air stack social capital score
no i do not wait oh is that the thing
you said earlier today a new question
i don't
know there is yeah you have
came out this week i didn't know do you have the forecast or og nft
i do
oh we're in the presence of an og what is your email user 560 yeah but it doesn't matter what user you have to be active
oh i'm sorry
absolutely yeah he's 1
he was
alright kiwi skin on or off
wait what
when you eat a kiwi do you eat it with the skin on or off
is there an option to you with the skin on
yes and where were you last year with the some people meme itad this was a broadcaster meme for a long lasting forecaster wait
wait is there really now now i'm intrigued is there like an an option
people people do it we don't know what
are they living amongst us
like an apple
yeah they've
yeah they're very strange yeah
wow okay i don't know if i can be frank
they are some metallic metallic eats the kiwi with the skin on there you go
okay i i am no longer i i wasn't i didn't know if it's out
before you know
i'm no longer excited as a result
yeah there you go
i think we'll wrap it
one more give it give it one more i think i had one more oh bought or not no
oh yes do you know what bot or not says about
you as of 45 minutes ago i apparently do when i was checked i was very offended i gotta say i thought i thought i didn't realize why so many people are checking or 4 or 5 people have checked and bought or not
it's because you're an influencer
does it say
so yeah so bought or not says you are a bill door which just so you know is the top tier of there's different categories you are a builder and you cast about dynamic web 3 dev crypto and forecaster i once was a builder and i have been downgraded and i'm
what happened
about it
you gotta go ask the angel
no it's just the bot doesn't think i'm a builder anymore i'm aw i'm i'm i'm likely not a bot
should i
you're still not a bot
i'm not a bot
my favorite my favorite one is a lot called me a good caster
that's what it
was
that's right you're good caster but i wanna be
a builder i loved it when it called july a bot i thought that was so funny likely a bot i'm like no he's right here oh my god
that's really hurting can i add it by the way so you could have been
a bot it could have been worse you could have been a bot there you go
can i add this
to a
link further
can i say i'm a builder is it linkedin yeah you can say
i'm a builder yeah there you go thank you so much for joining us today this has been a lot of fun and i feel like i've learned a lot more about what dynamic does but also smart wallets and just all the different things that are coming and i really appreciate that adrienne any other last thoughts just no she's looking in the chat
i you know apologize for going over an hour
we're no we never do that
horrendously bad with my judgment
so we we're
very chatty today it's been a lot of fun this was fun yeah thank you so much thank you so much and we will be back on monday at our regular time 8:30 am and next week we will have some fun announcements about on chain summer that i'm really excited about so until then we have a lovely weekend happy friday and bye
bye thank you everyone bye