Saturday Tech Only Live Stream with George

0:05
Happy Saturday, everybody, and welcome to the tech only Livestream. And we have a special guest today. No. It's not elevator.
0:17
It is chapter read, Good morning, Jeddah, How are you? Good morning, George. I'm not sure how special i-home, but thanks. I know your wife says, you're special.
0:28
I have not heard her say that, but you say some amazing things about her. and so, I'm sure she cares a lot about you.
0:36
Well, I mean, she should certainly recover on her investment because she's made quite a huge investment Over the years.
0:45
Exactly. So, today, I don't really have any, I don't have too many topics I want to cover.
0:54
I want to come clean on something, um, and, and well, do that right after this. But I would love to have someone come on the air if they'd like.
1:04
And so we're, we'll go to the, to the site to see if there are any questions. And then we'll come back to you guys.
1:13
We, we have a small audience today, which is fine and we'll kind of go from there.
1:20
But as I was running in here because I was supposed to meet Jeddah on this platform a little bit early as rushing to get my coffee and I have a habit of and I got this this text message from my husband, who was like, Oh, my gosh, That's, we need to clean that stuff. But I keep leaving the burner.
1:40
I make tea.
1:42
And, so, there, we have it. I'm coming clean his sentences. Like, could, you please just turn off the stove, your, you're an adult. And maybe, as, I was kidding with Jeddah, getting a little old and forgetting some things.
1:58
But the first thing that I want to go over this morning is that it looks like, you know, if you have your X L M on the correct platform with the correct number of akwa, then you should be getting airdropped hashtag two.
2:20
And there was A There was a Twitter posting I think it was back in November saying, how many per aqua and right now they have it right on the aqua network page under airdrop too. And it looks like projected aqua per ... is about seven zero point three one. Let me see, because I took a screenshot.
2:45
Actually I had, someone sent this to me, you guys, Give me a lot of great info. So I very much appreciate that.
2:52
And let's see, as of Wednesday at 11370 PM, which I am way in bed by that time.
3:01
The projected was 7.2, um, aqua per XL M so that's interesting.
3:12
There's more protected. So maybe someone took some often sold who knows with this market? that's kind of going a little crazy? So if you haven't staked?
3:21
Well, if you have not added aqua T or X L M wallet which you can do on the ledger, there is a video in on the dot IO side. I think.
3:33
It's also I released it to the the YouTube channel. Go ahead and feel free to do that. It's it doesn't take that long, and it's it's worth some free coins. So that's kind of all I wanted to talk about today I know someone in the last slot in the Thursday live stream talked about. Could you talk a little bit more about password? managers? And we can kind of do that along the way, but let's see what we have, if there are any questions.
4:04
George, while you're doing that, just as a reminder because we went through this with I think the boba airdropped.
4:11
If you notice time-stamp or that aqua airdrop ids.
4:16
It's zero hours UTC, which is a universal, standard time no daylight. When you change days over.
4:28
That's equivalent to seven PM, Eastern Standard Time.
4:33
And you know for those in the United States and you can figure out from there which what time is luckily for you.
4:40
So having said that if you're going to participate make sure you have your you know your aqua and 500 X L M and a wallet, um, by that time.
4:54
Yeah that, that's and don't try to do it last minute. I know so many people who have tried to pay for membership and that kind of thing and then something comes up and you forget about it and you're like, oh, I wish I would have done that. In fact, I found that I won't even.
5:11
Yeah, let's kinda go from there, OK.
5:16
OK, a while back, I transferred.
5:19
... from the core wallet to ledger, no problem, I have tried to transfer it to ... Brown, firmware alleged your life, et cetera, all updated. The wallet is correct to Carolyn Brown.
5:30
All other coins go up in and out of the ledger. OK, I keep getting the message. Your transaction may have failed, please wait a moment and then check the transaction history before trying again. Not surprised with them. This is to no avail, perhaps, I should try to transfer it back.
5:48
I think I understand your, uh.
5:52
Your issue, and I can't show you right now, because it would show everything that I have in my, in my ledger. But there is, let me bring this up just so I have it.
6:07
There's a way to reset wallets, or refresh wallets. And cute them is an interesting beast that I will never get back into, because I don't like how the core wallet functions. I don't like a couple of other things about the blockchain itself.
6:27
And let me go in to I'm just going to stall for time.
6:36
Let me getting to queue them and make sure that that functionality is there, keep them, it doesn't necessarily update very easily.
6:47
And, let's see, Is this going out? Me?
6:52
Now, I might be able to show this.
6:56
OK, advance, Todd.
7:01
If I can figure out where it is advanced.
7:09
Yeah, I think you have to do it to all of them.
7:12
But there is an area.
7:14
If you click on the gear, and I believe it's under Help, and there's a couple of Settings Yeah, let me.
7:29
OK, let me let me show you.
7:32
I'll go into it.
7:34
It's not that bad.
7:37
OK, if you go to your Leger Live, and you click on the little gear in the upper right hand corner, and you go to the Help tab, you'll see a bunch of things that you can do.
7:52
one of them that you can do is clear cache.
7:57
And if you hit clear cache, sometimes that forces some of the wallets to kind of adjust, get nudged, get kicked and rethink, and, uh, and have those issues go away.
8:10
The problem with the core wallet which may reflect in the ledger wallet is that, if you have an older version of the wallet, sometimes it doesn't sink and you can actually think you've sent coins from your cute wallet.
8:26
And you're like, oh look, it went through or it's gonna go through and you close it and you come back three months later. This happened to me.
8:34
And it was never sent and it never really gave you an error to upgrade your wallet, but when you upgraded the wallet than it resounds rethink and then you could send it out. But it sent it out automatically after you upgraded the wallet and you sync the wallet and then it went out on its own. That could be an issue with, with ledger. It's, It's interesting how leger, how exodus, how some of the wallets out there actually have the entire Blockchain on the backend.
9:09
I know, for a fact that Exodus if you put Monero in, it takes the whole Monero Blockchain and copies it to your hard drive.
9:18
So, that if you needed to rethink the gear, your Monero on your Exodus wallet, you had to kinda throw something away, had to dig down, throw something away, and it would rethink the wallet. But there there was like just a ton of data on some exodus Watson, some exodus wallets. It wasn't that that way.
9:40
So, try to, um, clear your cache, make sure everything's updated, and see if that helps.
9:49
That's probably a little bit more than what you wanted, but, let's see. There we go.
10:00
OK, hello. I did try to read this. I did try to send it from the ledger to QM No-go.
10:04
Maybe I should delete the ledger and all now, just try to just try to clear that cache and see if it helps.
10:15
OK, and Hearst says, can we sticker ...? If so, is it worth doing?
10:22
I have not staked my X L M.
10:27
There are different ways of doing things different places, different mechanisms.
10:35
No, it really depends on what you mean by worth it. The only examples that I can give, or something like Doest dos back in the day, I staked.
10:46
I spent way too much money on Stage came to us, because it was an ERC 20.
10:51
And the fees on them, were, were way too high.
10:56
And it was, I mean, I think I spent about $200 stake in an undertaking, and I think I earned $600.
11:04
But it was worth it for me, because that time period and how much I took out of it if you have a small amount and the fees, it may not be worth the time the trouble.
11:18
And they're jetted have you ever staked, Exelon?
11:22
I mean, I I have a few coin staked. But this one I don't.
11:27
No, I have not.
11:30
But this topic brings up a question I have. George, maybe you might be able to point.
11:35
And by the way, why not?
11:37
When somebody asks, is it worth it? I mean, Jay.
11:42
Back, know, when things back in early spring last year, was kinda kind of lightning, anti sticky, and for many coins, because basically, you might be earning 78%, 10% on a stake, and I think he felt, and I'm kind of the approach I take to that. Does that really work?
12:08
Because that is that return really worth the risk of getting your coins locked up ores.
12:13
You know, if you're dependent on a particular wallet, like, Oh, 3 or 4 ..., and ... goes wonky on you.
12:22
You know, now, will mango with the returns right now? What they are? Yes, it's worth my opinion, It's worth the risk and staking pool mango, but other coins that they're paying.
12:34
5, seven, 8% or something like that, um, I probably would not state, That's just my, my personal opinion, Um, because like I said, what would then go? you have to either connect to? Neo Line, which is an extension?
12:54
Browser Extension, or O three, and Currently on the entry network.
12:59
Um, In order to to stake and use one of those wallets. Neither one of those wallets will connect to a ledger currently.
13:08
So, basically, you have to create an assault wallet.
13:10
I think we've covered this probably a couple of times, but, um, and the risk of assault wallet is it's, it's not as secure as a hardware wallet. So.
13:20
You're very careful, and you're competent in what you're doing.
13:24
It's probably worth staking because I think, depending on the pool, you put it under Neo.
13:31
Yeo and fell on pool is paying out 61%. And you are, the ... das is paying out 80%.
13:39
So, and, you know, that that might be worth it, but, you know, 5, 6 7 percent stake in my unless it's super, super easy, it's not worth it.
13:52
But here's a question I had some staking I've looked at doing.
13:57
And, I'll use State team as a generic term.
14:00
Um, if you put it in a pool that's managed by a third party, there's something called a fee associated with the staging and I've never been, you know, I haven't really been to it but to me, does that?
14:17
Can you, knowledge George, does that mean?
14:21
That's?
14:22
if you wanted to take 100 of something and there B is 10%, does that mean you have to recover or gain at least 10% of your coins to breakeven or exactly what is? What does that mean?
14:37
You know, and that's a really good question, because it depends on the blockchain, the one that I, I did, kinda the deeper dive in this originally was.
14:51
Was Ada. And then I talked to D about Theta and G, pull stuff. and so what, that, 10%, and there was one other. Oh, iOS T, no, it was cute. I'm cute.
15:05
I'm looking at it, and what was the group that I stake done? But basically, if they say that, well, there's multiple fees, so when you get in to stake something, you're paying a fee for a network fee or a contract fee or whatever fee straight. Right? You know, out the door, and then that 10% fee is on what? You earn in that.
15:26
So if you stake 100 and you get 10 out of it, whatever timeframe they take, and it also, the devil's in the details, they will take one of that coin. So, if you have 100, you get your earning 10, and it's a 10% fee, They will take one of those coins before they give them to you.
15:47
So, it's out of the earnings, and not out of the total pool, But that's true for most, But not everyone, because a lot of people don't read through the details and some of the smaller pools.
16:01
But, you know, part of that mechanism is built into the protocol, itself, Like, T, if you didn't have that protocol available, now, T fuel has that protocol available.
16:14
So that more people, will, will stake, and that, I know G pool is taking, I think, at three or 4% fee of your T fuel, if you stake it on their platform. And that's how they cover their costs. But with the price of tea. In the last time, I tagged the D, and I think it was, Am I talking to him about this?
16:38
And it was 30 scientists like, yeah, we're really not making anything because they wanted to make a return so that they could invest in some hardware and make it a better platform. But, you know, no one's really making that much right now.
16:53
So yeah, it depends on the staking mechanism and what the rules are. But typically, it's that 10% fee is out of the fees that are sorry, that the earnings that you earn and not your total pot.
17:08
Gotcha.
17:09
It does, It does.
17:11
So basically, you're you're paying them to host the mistaking, the investment that they've made in the equipment and network and on all the expenses that the poul might have.
17:30
You're actually taking that out to cover those expenses and, like you said, maybe make a little on top of that to re-invest.
17:38
Yeah. Well, and this is something kind of interesting that goes in line with this, but kinda doesn't, and it's a little geek ish. But I had the bright idea on on Monday to upgrade my router. I don't have, like your average consumer router, I have a little bit higher and router because I have fiber coming into the house. And so I thought, Oh, well, I'm just going to upgrade it. I haven't done it since September, and I need to keep things up to date.
18:03
So, I tried it, and it failed. Like, my husband was not happy, But our son was in school. So I thought this would be a cool time and got my phi out, because I now always have a backup just in case something happens. And so it took me about two hours going back and forth with tech support from start to finish.
18:25
And that's not the interesting part.
18:27
The interesting part was about an hour and a half that the my phi was up, and how things are structured in this house.
18:36
I had a gig, 1.2 gigs of data that was going across this wireless Wi-Fi, which has a lot more data than I would have thought, coming out of my House. I, the only thing I really downloaded was a 400 meg file. I know that's, you know, quite a bit, but I kinda took that out.
18:59
two, to get the updates.
19:01
So when you look at that, and I had some, it's some Mac Minis that are running the Edge node, that, when you're running platforms like this, it eats up a lot of bandwidth.
19:17
So if, if you have a metered bandwidth, which I had back in the day when I, when I worked for a particular company and the power that, those are always consuming and they are fees that can really kinda get expensive. So the ability to recoup those costs.
19:38
By being able to charge a fee on staking, those coins is really important because, the other part of it is, I know just, for a fact, when you're running some of these pools, you can do it through, you know, like Amazon, you can do it through a node. You can do it through, you know, a bunch of online, but there are fixed costs and limits that you run into. So, it's a good thing that companies or individuals are able to take a fee out of that so that they can continue going forward with those sticking options for all of us.
20:18
OK, let's see we have a couple questions if you guys want to throw some in there if you, if anybody wants to come on line and chit chat with us and ask some questions, that way too, that would be great.
20:33
And this is from our friend per ditto that joined us live on when button I were talking about pulse X when there is a request from bed, a masked wallet address for finance, smart chain.
20:50
Is that same as the Ethernet or your ethe address? I'm using an MLS and the only the addresses that I can find for Finance Smart Chain is the E wallet address.
21:01
Yes, so think about it this way. Let me see. I don't think you guys can see if I have a popup.
21:10
Let me see if I can get a message, Jordan, while you're doing that.
21:14
The Finance Smart Chain was a work Durham network, correct?
21:22
Yeah, and, and there are so many that are kind of based on that because the idea, no, you know what my met a masked ball popup erica's, OK, so, if you can kinda see that, um, I think this, now, you guys can't see this, but basically the idea around meta masks and some of the the the networks. Like when I bring down my metta Mask and I try to select a network, I have a lot of networks in there right now.
22:02
My networks include the Ethereum, main net, phantom, avalanche, boba, polygon, back, uh, K, C, C, and Pulse Chain.
22:15
And oh, and by netsmart Chain.
22:17
And the idea is that you can use a hardware wallet that will give you private keys and a public key in that public key can be used on multiple blockchains.
22:32
And that is, I know I talked about this a while ago, but when you use the Ethereum app and it's a thorium kind of based, they may put their own, um, changes on the back end.
22:45
It is the same address, but it's on the other network.
22:51
And it, it's important to know this because what can happen is that if you send it in, dead down the wrong chain, um, people will have to jump through hoops to potentially get those coins, meaning if my address ends in 19 19 and I look at all the different addresses on the different chains.
23:21
It's the same address but it's a different chain and there was some confusion way back in the day with Theta where my theta wallet address is the same potentially as my Ethereum address because they are all keyed off the same 24 words that my ledger has on it. And so, that's convenient, and sometimes, it's, it's confusing.
23:53
But, yes, it's the same address, but on different chains. And where it gets a little bit confusing is when you don't use a hardware wallet, and you create your own, and then you try to go to another chain, you have to make sure that you have the correct 24 words, and it's not as straightforward. It can be. But it's not as straightforward when you're going to a new computer, when you're going to a new meta mask version on a different browser. With the hardware wallet, it throws that public key out at you.
24:32
And it easily shows you that, that key. But, yes, your ... smart chain is the same address but it's not your DRAM address. It's just an address.
24:43
So think of as an address that will work on finance, pulse chain cases, the heck, polygon, bova, avalanche, fantom, and Ethereum.
24:56
They're all different chains, but they may have a wallet address that is similar.
25:04
It's the same look of the address, but it will function separately.
25:08
The thing that I talked about a while ago, was you also have to be careful, because if you don't want to expose yourself to what kind of coins you have, ethereum's horrible blockchain for privacy. Meaning, if I say to ..., I'm going to send you a an ERC 20. I'm going to give you some, some ship.
25:35
And he says, Great, thanks. And I send him some ship. Well, he gives me as the theory Madras.
25:40
And with that, I can look to see how much Ethereum has what ERC 20 S he has. I can go on the Phantom network with that address, and see what phantom he has.
25:51
I can go on the Avalanche network and see what kind of avalanche coins and tokens. And so that one address can go across multiple chains.
26:00
Maybe that, if I can come up with a good address, um, that isn't anywhere. Maybe I'll show that later.
26:08
But when you go to ether scan, you'll see little popup that shows a other chains that are have a coin in them and so you can pop over to that when we get.
26:24
I will bring that up because I think it's really interesting that they did that.
26:29
Let me find something that's not going to throw me out there. And I'll bring that up if we're, if, jetta, if you answer something that I'll dig through, and get something that might have something on a, another blockchain.
26:45
Because it is kinda cool, because you can go to either scan, and you can see a lot of different wallet addresses that would death, would hold things.
26:58
Oh, yeah, I can't easily get that, but, yes. That's a long answer to a short question, But, yeah, it's the same.
27:06
I hate to say it's the same address, because it's, it's the address that has the same characters, but it's not the same address, because it's a different blockchain.
27:18
So, Georgia think in the past, we kind of discussed what some of these new coins as the project is starting?
27:30
It'll all often start on thorium, and then as it matures and development continues, it moves to its own blockchain and losing. I guess.
27:41
at that point, it can You can determine its own network fees and other criteria.
27:48
And, however, the the underlying security and wallet processing that was used on the ...
27:57
is used on the other network.
27:59
That's why you see the private key, which, which determines the public address, is transportable on a hardware wallet from network to network and device to device, but not necessarily salt wallets. Because the sauk wallet, the private key stays on that on that particular PC, or in that particular wallet.
28:25
And it's not as easily transport.
28:27
You have to then copy and paste your private key, which is always scary, or 12 or 24 words, or no, on a website, which is all too scary.
28:41
Um.
28:42
so the hardware wallet, it makes that all very transportable and secure.
28:46
But what it's doing, it's just like, data is perfect example. When you use a theta wallet and you hook up your ...
28:53
reservoir or ledger to it, It'll, it'll, it'll show you all of the addresses associated with the private keys in the Ethereum app, on that leger device.
29:07
And that's all, you know, the wallets don't really care as long as they built that handshake in place. That interface to the ledger.
29:16
It's looking for, and it's reading the private key and the public addresses.
29:22
So that's why you're, yeah you're right, it's very confusing to folks.
29:27
And back a while ago, it was interesting because that data pope's actual data team actually published something on the website.
29:38
And I don't know if it was data or the ledger, but I think it was a data team published.
29:44
Say, you don't send your theta tokens to Theorem wallet. Don't know kind of thing.
29:52
And I wrote to him, I so.
29:54
No, but that's not true. You can do, and they said we know, but we found too many people use something like meta mask.
30:01
And, there's no way to them, get it off mete mask, um, on onto the, the data network, Um, or it gets very complicated, you can do, that, you can't do that.
30:17
You can always use the 12 words meta mask and the restore a hardware wallet with those 12 words and then go about that.
30:27
But, that's beyond your, your average user to figure that stuff out.
30:33
That that's when they come knocking on our door and say, hey, could we hire when you guys because I'm kinda lost in this, because, you know, honestly, it's some of the stuff that comes in, is sometimes challenging and it's kind of fun. It is like, as my son would say Because we we listen and read boxcar children. It's, like a mystery, and when you solve that mystery, it feels really good because some of this stuff is not straightforward.
31:05
Sorry, you can finish up your stuff, Jeff, know that, that was, that, I was just saying, I was kind of filling the gap there a little bit Why, he got set up. But, basically.
31:15
No data's not the only one we've seen with energy web token the same way.
31:22
Um, no not to mention all the ones you listed out, a meta mask, and the other interesting so, there's, there's different tools out there like my crypto dot com.
31:35
We'll let you look at different networks with that theorem by ...
31:41
based address.
31:43
So, to George's point, if you get really, Duck on, something like this, reach out to us.
31:51
Um, no, we can't do this for sure about that. Oh, I'm sorry. Siri. She's listening.
32:02
Tim Cook is listening.
32:06
The voices.
32:09
I must, I must have held the new button down on my phone or something, Um, but seriously willing to help out.
32:18
OK, I'm done, OK.
32:20
And so, I'm going to jump in here and show you a little bit more, because I think this is a great topic, because it is, it's difficult. It can be difficult to understand.
32:30
But once you get the, the, the base understanding, then you can do a lot with it.
32:36
So this is an address that I've pulled out, it's an old address and that this is the Avalanche network.
32:47
I'm doing a little bit more on different platforms, and exploring some things. And I'm working with kinda Jetta red, and we're doing some some fun things.
32:58
But what you'll notice, is that there is a little B, with a two, and that, basically, if you mouse over, it, says, click to view address. That's on two other chains. And there's, there's actually more than two other chains. But we're going to do that, because this is snow trace dot IO, which is also very similar to ether scan.
33:20
If you look at this address in the URL, you look at this address here, it's going to remain the same.
33:27
When I click on this, and it's going to say, hey, you have some things on either scan, and you have some things on Poly. Gone. And so, we're going to look at the Polygon.
33:43
And I think I have some free tokens like Mega ...
33:47
dot org, and ERC 20, from zappa, garbage coins, spam, whatever, you wanna call it, they are worth nothing. But they were dropped in this wallet address, because they found it somewhere else, I don't know how they do these things, but then there's, when you're on the polygon scan, same address, you can click on this, and it'll go back and I can go to my either Scan.
34:16
Oh, oh, I know why it's doing that.
34:22
Hi.
34:25
I'm going through a VPN that I should have turned off. before I started this, I must have been doing something yesterday.
34:32
So it will go to the different chains, but let me show you one that makes it a little bit easier to look at.
34:40
That is, if you do the Expand when you're in meta Basque, there's an expand option.
34:48
It will take you to a whole page view and right now, this is the Polygon Network medic.
34:56
And if I click on this, I'm not sure if. Oh, yeah. You guys see that pop down.
35:00
So I can go to the phantom network and same address it ends in 3 5 F 3.
35:07
I don't really have Fantom do I have some avalanche?
35:12
Nope.
35:14
Do I have some boba I don't think I used this one for Boba.
35:19
Yeah, we're backed polygon, hec.
35:21
I don't know hackers, interesting. And K C C I don't even remember why I put the K C C address in.
35:31
Pulse cheyne testnet really shouldn't have the testnet doesn't work. It's weird. You put in. I was working with someone that the pulse chain testnet does not work correctly right now. Not sure why. But there was no way to get around it Even putting the the correct address. And then there's finance smart chain.
35:52
And I don't have anything in here. And then of course if you go to the granddaddy of them all the Ethereum. And this is, where, I had, some, stuff, at, one time. But that's how you can go back and forth, to the different networks.
36:10
I feel, if kryptos stick around, that, this is going to be an important and valuable skill, two, to know and and have under your belt. Because I've been doing some things on the Avalanche network. I've been doing some things. I'm about to do some things on the phantom network, a little I've kind of been on there, too. And Polygon.
36:39
And you wouldn't believe the fees and the speed on on some of these.
36:44
And these particular networks, phantom, avalanche, polygon, they're kind of defy platforms and that I think it's going to be important to know some of that in the future. Not really going to cover that on the dot IO site because we're all about what, you know, kind of what Jay is talking about and not getting sidetracked.
37:12
But you know there are lots of different networks that you can use for reduced fees. The other thing that I want to cover, I guess we're just covering about Ethereum networks.
37:26
There are some issues that people have run into like. And it's hard to say just one issue.
37:34
But when you're on an exchange and you look at A the fees to send out like USD T or USD C and you're like, oh, should I send it out and buy Nance Smart Chain? Or should I send it out on the Ethereum network?
37:51
Well, I don't want to send it on their network, because it's gonna cost me $32, but if I do it on the finance smart chain, it's going to cost me a lot less.
38:00
Well, depending on where that is, ending up, you may lose all of it. And that has happened.
38:05
because people have said to Kayleigh Brown, Hey, I need a wallet address to send my USD T, because I want to liquidate, or I want to buy something else.
38:17
And they give that person a wallet address, which is an Ethereum wallet address.
38:25
And they look at the fees sending out an Ethereum and they're like, that's way too much, I don't want to pay for that, I want to pay on the buy in at smart change.
38:33
Well, if you sent down in the finance smart chain, you're going to lose all your coins until maybe 10 years from now when Kale and Brown system and retrieve those coins out of the buy Nance Smart chain because how they have their system setup. It's not a little ledger.
38:54
I don't believe I don't know how the structure is.
38:57
Just knowing how the engineering is on the backend and how there should be checks, balances, and security that if you send it to that Finance, Smart Cheyne address, Killam Brown has it, they just can't get to it.
39:15
And, this has happened to a couple of people and Carolyn Brown has said, well, maybe we can get it years from now.
39:22
When the system that's in place, we either add by netsmart chain to that, that part of it or, or whatever.
39:33
But those, those coins are locked up because Kailin Brown doesn't have keys to have access and you're like, well, it's just on you know, another selection on your your ledger or a network. Yeah. But you've got to remember how they have their backend built is that I hope not everybody has easy access to those coins where they could just go in and send things out.
40:00
So their system that they're not going to tell you how it's designed, you know, it's most likely designed by third party, is, is pretty structured for security. And they're not going to be able to get those those coins out easily. So make sure you're sent, sending it on the correct network. Don't be cheap and try to send it for fewer fees if you're sent on the wrong network because you will lose them all.
40:31
Did I beat the dead horse? Yeah, I mean, it's this.
40:35
Does anybody else have questions on this type of address, schema, with the different networks out there? I'm going to look through.
40:48
Mmm hmm.
40:53
OK, and and Tanya says thank you for explaining about the cross chain addresses, it helps me understand the B N B and B S C. Same address issue I ran into last week, last week. You are your welcome week.
41:08
There was one other thing I was going to cover, um, Ted on the tip of my tongue. Maybe I'll remember. But, it has to do with, with the different addresses.
41:19
And that, oh, I know there.
41:21
There was someone who tried to have one coin, um, and send it to a different chain, and this is also where it gets really confusing.
41:33
like if you want to send Ethereum an ERC 20 Ethereum, to an avalanche, or a phantom network, you can't just send it. You have to use a bridge. And if a bridge is available, that's great.
41:48
But a bridge on the Ethereum network is really expensive.
41:52
So if you're going to buy a coin and hold it, you want to hold it on a different network, Make sure you buy it on that network and not try to bridge it because the bridging fees are just outrageous.
42:08
And, in fact, you know, bridging is relatively new, I'm, I'm old world, and I didn't understand bridging when it first came out.
42:17
I'm like, look, Bitcoins Days on bitcoin, Blockchain, Ethereum says, on the theory and Blockchain, and it took me a while to understand why the heck you'd want to put the Thorium and bitcoin on other another networks, And now I I probably get about 75% of the reason.
42:39
And a lot of it has to do with value with with defy, withholding coins that type of thing because now, when you look at staking, when you look at other defy platforms, you know, the standard there is wrapped Bitcoin, and wrapped Ethereum, and then that's another topic, but it's, it's holding that value.
43:02
And you know, when you think about the structure of what a, wrapped Bitcoin is and what a wrapped Ethereum it is, a rapped token or coin allows you to send it cross chain or having a cross chain.
43:20
But what you don't want to do is have wrapped bitcoin, wrapped Ethereum, rapped tokens, on Both platforms that are, That you can, sell them.
43:33
So, if you wrap Bitcoin, and you take it to another platform, the original Bitcoin should not be able to be sold or really used on the original Bitcoin Blockchain. Otherwise, why not just wrap everything and send it to another network, so you have the use of it to network. So, you know, there's there's a lot of thinking behind this, and Back in the day, oh my gosh. What were we doing? What project was it?
44:05
There were people were trying to wrap I think it was maybe flamingo people were trying to wrap Ethereum, I use in the polygon network, and sending it to the Flamengo network so that they could stake it.
44:19
And, manse, you know, people got stuck on some of the bridges.
44:23
And that's why, yeah, bridges are are getting to be more reliable, but back in the day, I would not do it, because I don't like to half my money, sorry.
44:36
My value held on the bleeding edge, I will put, you know, network staff and some some other things that are not of high value and, and play with it, just because I'm, I'm a geek that way, but I don't want my dollar value.
44:53
I'm on a platform that is kind of risky, because there are two examples, um.
45:01
Well, one example really, and that is PPT.
45:04
I know some people that still have PPT locked up on, on the platform, on the D five platform, on the staking platform that Steve put out and he did a horrible disservice to PPT on putting that out and really having it fail and not having engineers jump on it right away and fix these issues. That people, I know one in particular, right?
45:33
Spoke with him a couple of weeks ago, and he said, Yeah, I still have it on there.
45:36
You know, maybe I'll get it off at some point in time, but when you have coins that are stuck on a platform, I don't ever want to go through that. I would never recommend it to you guys and there are times when people say, oh, well. Let's do this.
45:50
I'm like, well, yeah. Kind of do it on your own it and risk it. Because I don't want to be responsible for saying yes. Go ahead and do that and not know that it's, it's really reliable. And OMG was a particular example where I tried to Bridget before the snapshot. And it just kept on failing. It was, like, I don't want a risk that. Now, going back, they fixed some of those issues. They don't necessarily tell you that they've fixed some issues, because it's on, it's on a webpage. They don't have to necessarily release the version.
46:29
In fact, there are, it's kind of few and far between on Revs that are released on a webpage when you have a wallet address, when you have a Downloadable wallet like the Neon Wallet, and the O. three wallet. You know, it shows you those versions, so that if you need an update, you can see what you have, what the latest isn't downloaded, so.
46:55
That's, that's my 2%.
46:59
OK, Leslie says, What is what is a good use for other chains?
47:07
That is a very good question.
47:10
So, Leslie, one of the things that I thought about way back in the day and on other chains, it was actually before of a lot of like Polygon, avalanche work kind of popular and out that I would use other chains.
47:28
one that I was looking at was Tron, because you can put USD T USD see on the Tron Network and have low fees. And so a lot of these networks came out of the fact that the thorium is just horrendously expensive and that we shouldn't be paying these fees and that it's overtaxed and that wasn't developed correctly in the long run.
47:56
And they're trying to kinda get things together and patched, so that the fees will go down. But it seems like that is just not happening. And that some of those fees are with smart contracts that are written in a particular way, so that, you know, they're just gathering those fees.
48:14
But the other networks are around for particular reasons, that they see, that they are their goal.
48:23
Like some of these side networks that are clones of Ethereum. They may be used for, for ... projects. And that.
48:36
two, I don't want to get too deep into this, but that if I was going to stake a coin.
48:44
Um, my example, you know, with dos of having hundreds of dollars to stake this coin, it really wasn't worth it the same with, with ship on their staking platform.
48:57
It's really expensive to stake stuff on the Ethereum network.
49:03
And that, no, I don't plan on sticking any.
49:08
I don't want to steak things, and the Ethereum network, because it's so expensive, I did go ahead and stake some ship and Ethereum, but not on the, The ship site because I felt it was too new and that, that was not their focus. I stated on another platform that has been around for quite some time. So the reliability and the trust factor was much higher than sticking it on chip swap. But the fees, again, we're just outrageous and that, you know, told me again that I shouldn't do that and that I should stick to other chains.
49:51
Well, I also did some, some staking some sending on the avalanche network just to see what the different chains are like and to to explore and find things that might be helpful. Because, you know, there's things are rapidly changing. And, and Jennifer might back me up on this one, that when we get to our age and we see what some of these young kids are doing, That, when you stumble across something like, oh my gosh, I'm so far behind the times.
50:25
And that, you know, the people that are coming in right now, know all about this. I don't want to get to that point where, I'm just an old tech guy that is put out to pasture.
50:36
I want to know the latest and greatest because I think one of the advantages that we have at our age.
50:43
I'm not saying we're really old, but we have a lot of experience, and when you ask someone younger, like Jeered, at 1200 baud modem's, they're like, I don't even know.
50:54
What do you mean by that?
50:57
And now, days, you know.
51:01
There, there was a company called Teleport in am I bought my my first, you know? I think it was 5600 baud or whatever. And you know, because we have so much history, the knowledge that we get from that history helps in crypto today.
51:21
I am not Cisco certified, but I went through Cisco class for two years, night class before my son was born, because I wanted to know why a Mac address couldn't be passed to a wide area network.
51:37
No one may know what that means, but I want to know, because my engineer said it just couldn't. I'm like, well, tell me why it's like, well, I don't know, It just can't. And so, it's, it's gaining that knowledge and having the time to do that. And so, crypto, is this the same way, So understanding these different networks, and why you might want to put something on, the phantom network, why. You might want to use the avalanche why You might want to use Polygon. In fact, someone called me, and I shouldn't say this, but I'm going to.
52:07
But, um, someone, a youtuber out there that we probably all know said that manik is just going to skyrocket, and go to the moon, and then it was kind of, I guess, backed up by crypto viewing a little bit.
52:25
Not training advice whatsoever, not at all. But, it just shows that some of these, these networks, are so ripe for D phi and money coming into them. Because, how they're structured and what their focuses as compared to what the Ethereum Blockchain is all about.
52:49
OK, OK, Android and iOS.
52:52
Go ahead. Oh, OK. Well, look, before I forget and before, I might have to drop off just just a couple of things on this, this general topic.
53:00
Um, for example, going back to ERC 20, different Blockchains bantam is, is a, is a token that has its own network called Opera.
53:15
So you can transmit phantom on Opera for very little.
53:21
However, if you go into your Exodus Wallet, and you say, oh, they support Phantom.
53:26
I'm going to buy Phantom, and I'm going to send it over to my, my ledger device on the Phantom network. Don't do it. Because, it will tell you that the Phantom version on exodus is an ERC 20 token. OK. And so, you gotta be very good.
53:45
So, you gotta be very careful, but if you buy Phantom arm gate IO, I can't remember.
53:51
They may offer you, and often when you withdraw the, they'll give you multiple networks that you can pick, depending on where you're sending it to.
54:01
So, you've always got to be very, much aware of what you're doing, Um, and along those lines, we had somebody who had inadvertently.
54:12
While they didn't inadvertently confirm they confirm having received, um, a particular coin with that particular coin was sent to, um, a Bitcoin segue address.
54:27
And as you may or may not know, Bitcoin has three generations or versions of addressing the legacy Segway Native segue.
54:37
And there are different addresses, but, because Bitcoin Cash, and Cash, and several other Forks of Bitcoin, use the same addressing scheme.
54:47
You can sen one coin to any one of those addresses, because they tend to be interchangeable until you try to retrieval.
54:59
And my point without getting way too far in the weeds.
55:03
My point is if you receive coins from Kilbourne Brown, they always send a test e-mail first and ask you to confirm. Please confirm it within the wallet, you have control over, And not just go out on the blockchain and say, yep, it's there.
55:18
Because you may very well find that. Yeah, you can view it on the blockchain, but that doesn't mean you can access it.
55:24
And so, anytime you're confirming receipt of your coins, or tokens, do it from the wallet that you have control over, and not from just viewing it on the blockchain, OK, that's my public service announcement.
55:38
Yeah. And, you know, and here's the thing, I guess this is going to be the topic for today, because we don't have that many questions, and I will go a little bit deeper into this.
55:48
Not to confuse you, but to see, to show you how, how things are just changing.
55:54
And, by the way, I think, let's see, Let me check one thing, because I got some. Whoops, I got something ready.
56:03
Hmm, OK.
56:12
OK, I think there's going to be a video that's coming out soon. But, we will see it's got notification.
56:19
So, one of the things that you can, that you can look at like I can't remember what Coyne I was on, on simple swap. Just as an example like this is avalanche. But there was a coin that I was looking at. And I thought it was going to go to one network, and it was saying, Oh, it's going to go to an ERC 20 Network. I'm like, Well, no. I want it, I'm the main net, and I wish I could remember. But avalanche is is kind of a perfect example that I'll show you. So, if I want to trade in zero point one Bitcoin for some avalanche I'll do an exchange.
56:56
And it will say the recipients' avalanche address, like, OK. Well, what, what is that? Because, if you look at something and I think this is going to be OK.
57:08
here is avalanche and we're going to go in, um, to Avalanche, accessing using my ledger.
57:21
Going to go to ledger.
57:22
That's one reason I love the ledger because it will just get you into so many things and not have to have private keys and other things.
57:31
That's the other reason that I really liked the ledger, as compared to the Treasurer because not all sites support the Treasurer, but they do the, the, the, the ledger.
57:44
So, this is not meant to confuse you, but it's meant to show you what there is out there. This is the avalanche wallet on the avalanche network. as you can see, maybe I have to blow this up.
58:01
Can I blow it up?
58:03
Nope, I guess I can't. But if you can see right up here in this corner.
58:10
This is an address.
58:12
and this address.
58:14
the reason why I can show this to you is this address changes every time you request a new coin.
58:19
So, you can't kind of go back in. But you can see I've been doing some transactions on avalanche just to check things out.
58:27
And I'm going to copy that address and I'm going to put it back into simple swap and this is a a good avalanche address, OK.
58:37
It doesn't complain it doesn't say no it's not an avalanche address but if you look on avalanche whips.
58:48
Aye.
58:50
There we go back to the avalanche address.
58:53
Avalanche has multiple addresses for their blockchain. So, this is the X address if you want the P address.
59:04
It says, Derived. Platform wallet address. I have not used the P address.
59:10
But there's a C address, and the C Address gives you a ERC 20 based wallet address.
59:20
And I'm not willing to share that right now, But that one, if you plugged it into the simple swap area, you would not be able to have your coins sent because it's the wrong address that they, they being simple swap, is looking for.
59:41
It's still an avalanche address, but it's not in the format that you need.
59:48
And the format that you need is the X dash AVA X.
59:55
But the C address gives you the ability to plug that in too meta mask and use meta mask to do other things on different platforms like staking, Avalanche, or Trading Avalanche, in A, in a format that's easy to, and inexpensive to do.
1:00:19
I don't know too many wallets that have that type of capability, where it is its own main net address, and then also an ERC 20 based wallet address, so that you can use ... on different platforms.
1:00:38
So, this is where, it gets really complex, but it is, it's necessary for how you can, you can do things.
1:00:50
So, OK.
1:00:53
So, that's one mm, ya know, what is going to say that X P and C represent referred to as chains within the avalanche, I got main network.
1:01:06
And so, if you were to, if you wanted to view that 1.93 a BACS on metta mask, you have to move it to the sea chain, and down from port port. You go down to cross, yeah, you couldn't do it there, but you go down to cross chain.
1:01:25
It lets you go crum X, and you can see as your destination chain, go down one more and when you click on that, right?
1:01:40
Then lets you transfer that 1.93 over to the food chain.
1:01:45
And once on the ..., you can view it in mathematics.
1:01:48
And with that guy, I'm going to have to drop off so, sorry.
1:01:53
Oh, no problem to Jeddah. Thank you. We will definitely do this again, maybe in another two weeks. It's it's great to have you aboard and brand and share in this. Thanks a lot.
1:02:05
Thanks, Shanna. So, you know, as you can see, some of the fees are really, really low. You know, there's an export fee, there's an import fee, total fee is low when you go from the from the ex chain to the sea change. And so, just kinda wanted to throw that out there, because it's going to be something, I hope, in the future, that we're going to need to know.
1:02:28
So let's go on to couple of questions.
1:02:38
OK, I'm going to go back to that, OK, can you go a little deeper into legacy, Native, et cetera?
1:02:48
Depends, because it's typically what people mean by legacy native. Really you're talking about ...
1:03:00
and non-sequitur is that their legacy means old, older or original.
1:03:11
And segue wit and Native SEC wit in terms of the bitcoin chain sequence. Sorry the bitcoin chain's, let me back up a little bit. So there was bitcoin out there.
1:03:27
That was my first coin that I held and Out of bitcoin came a lot of other chains like litecoin, like I believe dash, I believe Digi byte.
1:03:41
Who else there are a bunch of Bitcoin cash and all the price that came off of that, but those are all based on bitcoin as the original coin.
1:03:54
And so when, when the advantages of putting a new blockchain out there from the bitcoin blockchain. Is that you can borrow, steal, whatever code that's been written for one of the other chains and use it into yours.
1:04:13
And so what they came up with was, OK, well, Bitcoin is really expensive back in the day to stand, as more and more people were using it.
1:04:23
And so they came up with different protocols within that wallet.
1:04:29
And so the legacy protocol is the first one that was kind of out there and if you have a legacy bitcoin wallet address, and you try to send from it, it's going to be expensive And there's no way to upgrade your legacy wallet to a native native ... Wallet address. You just have to send it from one to the other and you have to bite the bullet.
1:04:55
I would not send my legacy coins from any wallet to To another wallet, just hold it unless the fees are pretty low, you don't have to move them, but you can, if you want.
1:05:08
It's just a few have Bitcoin and to wallet and you have Legacy and you have Segway Native segue send it out of the legacy just to get it out there into a more current Wallet address schema that is under the blockchain. So why he was talking about? Did you buy it? And litecoin is that you'll notice on litecoin. There's Legacy segue. I don't know if there's native. ... I think there's just two out there for that one. The price difference between legacy and ...
1:05:44
is is not that bigger difference on litecoin than it is on bitcoin, but that's basically what the difference between Legacy and Native sacred and Segue are.
1:06:00
K Oh sure! You want to come on?
1:06:03
Let me find you.
1:06:07
Candies sick.
1:06:17
OK, I'm gonna.
1:06:21
unmute you, you are unmuted, Ardito.
1:06:35
OK, George, hey. You're doing Hey. Good to hear from you again.
1:06:39
Yeah.
1:06:40
I think I I was typing some questions as you started off in that direction to clarify the whole legacy segue into native segment But I'll make this short one.
1:06:53
So when I started with using the ledger for five years ago like we said all those similar according to Dubai litecoin, they're all legacy.
1:07:04
And now you've got I guess with litecoin, you used to explain you have legacy and probably Segway would've. I'll double check it again.
1:07:12
But the latest version, that's my first question because I'm assuming that would be the, the latest design and probably less expensive. Correct. On all those coins. Yeah, you know, the difference between Segway to Native Segway is so small.
1:07:31
For me, I mean, there is a difference, but for price, there's, there's really not that much of a difference when you send between those two. Technically on the backend, in the ordering system. I can't use, and I don't remember if it's native ..., because they haven't written for a particular chain, but when you first had your coins and in ledger and then all of a sudden it, you see a wallet That says legacy.
1:07:59
And then segue to native segue like wait, I did not put mine in a legacy wallet, I just put it in the wallet.
1:08:06
Well, it's the, the the upgrades that happened to the different Blockchains and it's nothing that you've done.
1:08:14
It's just the Blockchain has been updated. And so that reflects Interledger Live and they When they first upgraded the Blockchain it was hard to know. Is this the old wallet or the new wallet?
1:08:28
And so, that's when they started to add in legacy, first Segway to Native segue, because when they first introduced it, I was like, which address schema? Is this? And am I going to be charged a lot or little?
1:08:42
And they've added those, those designator and you can't upgrade the legacy. You have to just send it out as a legacy to undo or wallet.
1:08:53
I say so.
1:08:54
So, basically, when I go to install, let's say, I don't think I can uninstalling legacy wallet. But I'll go to litecoin and download that app, and it will take the newest version or whatever they designed. Correct? Yeah, Yeah, and you know, you probably won't notice that much of a difference in pricing on the litecoin side of things, but you definitely will notice it on the bitcoin and No. Because I don't like fees because I think I think everything should be free, but it really can't because you need to have you need to pay for what you use. So that people will put hardware in place. But if you have Bitcoin, it's in a legacy wallet address.
1:09:37
I wouldn't necessarily recommend sending it just to a segment or Native ... wallet address because you're going to be paying fees for Just sending it to another wallet address. And you might as well not have to pay fees twice. Just use your old legacy wallet addresses when you're sending out the coins with those in it. And that's how you can kind of empty it.
1:10:03
You know you can, if you want to, on litecoin are some of the others.
1:10:08
I, I honestly haven't touched my digital byte wallet in for ever, so I don't know if there's a big price difference on legacy, reverse ...
1:10:19
on, on that particular chain.
1:10:22
Gotcha, OK George, thank you so much.
1:10:25
You're welcome. Thanks.
1:10:27
Does anybody else want to come online, it's about 10 after 10, and There aren't that many other questions, and I think, man, I think this has been the Ethereum Wallet address on other Blockchains kind of topic for today.
1:10:48
And it is a lot, too, take in, and understand, but I think it's going to be important, going further on where things are going.
1:10:58
You know, one thing that I will say is that I am starting to change my mind on where I want to put some of my coins.
1:11:10
And, and some value, And if, if Kryptos stay, you know, and we can play with them in the future.
1:11:22
Looking at some of the platforms that are now mature, and are available to us, is something that I am, um, experimenting with, and seeing if, if it's worth it, you know, back in the day when some of these companies that were out there where you could steak.
1:11:45
And you could hold your coins, kind of like a bank and earn some interest. I was not interested in because they were too new. There were two unproven.
1:11:54
We'll see what the next bear market does to some of these companies, whether they can survive and whether or not they just consume all your coins. But when something is new, I don't like to do bleeding edge with much value at all. I'll do a little bit just to experiment. But I don't want to throw a lot of money into something that could potentially just disappear, that was me and Mount Gox. Fortunately, it wasn't that much at Mount Gox, but it was, and it was the only real exchange that you could use, and, you know, my, my first Bitcoin purchases were worth to mount Gox. And I had to wire to a strange company in Japan hoping that they would send me some bitcoin, which it turns out that they did, I definitely wouldn't do the same thing nowadays, but, because it would probably be a scam, but, you know, things it matured.
1:12:53
And so, as companies mature and as blockchains mature, I'm willing to trust them more and more because you may run into things like the PPT platform where people have the coin stuck. What do you do? Who do you call?
1:13:13
But, you know, that was a new platform, just like back in the day when Flamengo was first introduced.
1:13:21
It was, it was painful because things were locked up for a little bit, it was stressful, I had suggested to the group and then all of a sudden, the O three wallet went from supporting the ledger to not supporting the ledger and then going back and supporting the ledger. And it was really stressful and people could have lost thousands of dollars tens of thousands of dollars.
1:13:42
So, I err on being conservative, when I recommend something, but I'm kind of exploring other things that, that might bring my coins value to me by just no, holding my coins, but maybe in a different spot.
1:14:03
OK, I think that is it for today. I really appreciate everybody coming and joining us. I do like this. A, you know, I've been working more and more with Jeddah. We've just kinda been throwing things back and forth. And I am trusting Jeddah, more and more, just like, I'm trusting different platforms, more and more. And I appreciate everybody showing up today on this Saturday.
1:14:30
I wish everybody a great weekend, and we'll talk again soon. Thanks.