Non-Fungible Worlds in Motion: Hamsters, Creators, Dragons, Apes, and Pets

I'm co-hosting my own space with exciting hamsters and that's up. It's two oh one guys. I gotta go chill our project. I'll be back When when your turn come I will ping you in your DMs. I wake you up no problem. Oh, no, no I'll have I'll have this volume you know I didn't want to hear I'm gonna run around the better for As a hamster and the other Well, yeah, we're streaming right now What I'll do is I'll actually put the stream in the comments section So if anyone's interested they go ask the stream and hear hear the audio from the space and CS playing zombie games and racing with hamsters and all type of stuff, you know Thank you so much for coming and also we're so excited to hear from you as well Like what's going on and excited hamsters. Thank you for coming really appreciated Let's go to world over next guest speakers so we got popular with us when I say hi to him heavily. How are you happy Friday? Hi, I'm fried with Jennifer. Hey, you learn hey Jay. You do here. Yes. Thanks for having us Hi, baby. Thanks for coming Thanks for having us Thank you so much for coming really appreciated. So let's say hi to over next speaker So we got the arson dragon with us when I say hi to him. Hello, arson How are you and happy Friday? Hey happy Friday everyone glad to be here Just looking forward to hanging out with you know fellow nerds today I you know I want to bring that nerd nerd life back. I love creating a web 3 and I'm just you know happy to be here among a bunch of Awesome minds. So thanks again for the invite Thank you so much for coming really appreciated So yes guys when I welcome all of our guest speakers here with us today and I'll answer however you and like today we mark the like Black Dana history of crypto answered the what happened with by an answer yesterday. So like sad. Can you believe that? Oh my god yeah, it's shocking and For me it was unexpected. I didn't think that something like this was gonna happen But yeah, I think it just shows you how And Everything is so insecure somehow and you know I Read a little bit about it. I am not sure that this was really balanced fault. I'm not sure that they had You know a lot that they could do about it But I think we're all gonna know soon like and If you probably in a few days they're gonna have the greatest more information and more People will we lose the release the research the more I read about it the more I see that There's probably an AI component into it, but it's really hard to know it's Yeah, you know what's crazy is a lot of a couple months ago. I was reading an article and they were saying the the AI's going to Potentially and also going to crack every single Seed phrases out there too as well. So they're able if they're gonna be able to get into wallets Gonna able to crack like the sex that's you know the central Exchanges and then also Institutions too as well. So I think the AI is gonna be pretty crazy And also there's a forgot what company was but there's a two companies fighting against each other AI AI's or attacking other aIs in the in different markets. So it's pretty crazy. I mean I think Doing be a lot more coming from what I'm thinking I don't know that AI's this early are going to crack the encryption so easily, but I know that there's definitely the advance in quantum computing And Google has a quantum computer computer and China has a few and that's the ones that I know about I'm sure there are more that I just didn't hear hear about and Those machine can in a second split second break any wallets encryption just because of the so there is A Need just like in you know the year 2000 the white to k bug That the whole world was working together to try to secure all Computers so they won't be aviation accidents and you know all of those terrible things and Did you know the world was able to do it? 2000 came and banking still survived and there were no major accidents and there were issues but It was also but I think that there is a big Effort I would say and people putting another money and effort into making computers quantum resistance resistant and just by Shake incidents Last used them in the Tuesday of the week we on I was in an event that was called the tie And that was an event that was about The RWA and tokenization and there were a few seminars about quantum and there's a lot of work That is being done and Algorand as a chain secured their chain keys And now offering free tools for people to Secure their own keys, but it only works on Algorand And I don't know exactly what The VM are doing I know that most of them are not quantum resistant So if they will wait too long then all wallets and all Vaults will be hackable, but I'm thinking that the people who manage those entities are usually responsible enough to Make sure that there's not going to be a disaster So I think if we take care of Quantum it's going to help Lot in the vulnerabilities, but again, I mean I am not sure People shared some code that they've seen of what the hackers did and seems that they were trying for a while to get in In that laptop that was hacked and and what's bewildering to me is that Binance are not idiots and it was not one Wallet that actually If you hack it then you get access to the funds everything is multi-signature and then there was a lot of precautions that they have taken So to me that means that more than one laptop was hacked That there were at least a few if not more and Maybe it was and at least partially an inside job. It's really hard to know but I think we definitely all have to be Really careful and the funny thing is just like Less than 10 days ago the whole ledger thing happened That there was this vendor who Hacked wallet and sold hack wallet to people and then drain them after that So it's hard to know who you can trust I think and you've got to be really careful in What you're doing and all of that is definitely hurting everyone not only you know what we care about like NFTs and other ways and and whatever Normal people know me's will not want To participate in these conditions where you don't know if your money is going to be here To borrow or in a minute so that's definitely something that Is not helping any of us I mean it goes kind of deep on people on the US Binance platform more infected It's actually a completely different platform than the international Binance So like a lot of people reading that now they just kind of saw Binance affected and so you know We've got US citizens that were you know intrigued about it that most of the US citizens You know weren't affected however We all know that some people like to use VPNs do those things and the unfortunate's there is anybody that might have been using Binance and using ways to work around it has Basically no legal backing because of the way that they You know participated So that's where you know a lot of us anticipate you know of course hoping that seasy and everybody does take care of Of the funds, but it goes pretty deep. I was up really late Tracing everything using a lot of the scanners that I have But I don't think it was AI How the lot to do with smart contracts A lot of the speed in which it happened was because of the EIP 702 Which basically has a lot of us have been forced into the EIP 702 By our wallet providers and that actually turns our wallet from you know a basic wallet into a contract wallet And it just it changes a lot of things like we're evolving so fast and as with everything that comes out You know, you're gonna have a positive side and you know You're also gonna have that negative side so You know I think a lot of us are like you know taking this as a learning experience It's unfortunate because it does you know affect real people and You know just I'm really hoping that no we get some more answers I'm diving into it. It does tie back to the hackers in North Korea again So it's it's been interesting. I'm following it. There's a lot to it I've been posting a lot of follow-ups and responding to a lot of things It's just it's deep, but I don't think it's it's that deep So I think we're gonna be able to get more answers pretty soon I think we'll get answers and and I definitely don't know that Band-Ens is able to You know return all the funds. I hope they can I mean not be great if they're able to do it. It's going to be a celebratory day in the industry if they're able to Make sure that everybody gets the money back people who obviously had no Connection to the hack and we're just victims. I don't know that they can do it I think what's ironic and that's almost the first thing that I thought when I heard that the hackers were probably in North Koreans Is that CZ actually went to jail because it was part of a money laundering scheme through Binance and A lot of that money came from North Korea So he kind of helped North Korea by laundering the money went to jail for it and now they're hacking it so that's just Amazing incredible and unfortunate for everybody I think but in my opinion this is Going to happen again just because there's really It's not that there's a need for regulation for that, but there's no really Tried and through way to protect out wallets I mean you can do many things and people and I'm sure that Binance did those things They they took precautions But the day of the day, I mean you have you know like in this Instance they said was an engineer it's what somebody was working and And they made a mistake and it's probably a human mistake and we all make mistakes So those things are Going to happen and we need somehow to figure out a way where it's really hard to make those mistakes and Definitely don't have the answer for that and if I had to make a bet, I would say that there will be more Of those you know in in in the regular that's was part of the things that were people were discussing on the event on Tuesday Is that you know the In traditional banking I mean there is it is here in the US Accounts are in truth. I think they ensured up to a hundred thousand dollars automatically by the government So for most people That's a big enough safe safety net that If something happens the government's going to take care of you Hey, this is not yeah, I know It hopefully I mean I just I agree and I mean I agree it's going to happen again I just I don't think regulation or anything the government does is going to be the fixed Because the hackers the hackers themselves they don't follow regulation like the fix is going to be engineering Yeah for sure for sure, but in terms of trying to Make sure that people continue to participate Is to kind of find a way to put some kind of a safety net under all of the uh Environments in where people trade and that's something that's really how to do I think so I don't know that it's It's going to happen, but I think The world is full of really really smart people so I believe that almost or every great engineering Idea that you have and deploy and test and do although I think there will be probably somebody somewhere Or a group of those really smart and ruthless people who would Find a way around it. I think it's really really hard to solve a To solve it and I think it's You know, we are stealing the wild west of