Your Final Chance To Be "Early" #DeSci

Summary

In this video, the speaker delves into the world of decentralized finance (DeFi), discussing the importance of using wallets like MetaMask and Phantom for secure investments in projects across Ethereum, Polygon, and Solana. They highlight their strong belief in the DX project, which is focused on quantum computing as a service and expanding job opportunities in the field. Additionally, the speaker touches on the challenge of high gas fees on Ethereum, suggesting solutions like MEV bot blockers. Finally, they encourage viewers to join the Poseidon Dow space and invest in the transformative movement of decentralized science.

Takeaways

• 😀 Use MetaMask or Phantom for decentralized finance (DeFi) investments, as they provide access to projects on Ethereum, Polygon, and Solana.
• 😀 Avoid centralized exchanges, as they are becoming increasingly predatory and costly for users.
• 😀 DX is a highly promising project offering quantum computing as a service, with partnerships such as AWS to bring it to market.
• 😀 DX is working on developing a room-temperature quantum chip, which could revolutionize computing and become available to consumers by next year.
• 😀 The tokenomics of the DX project have been revamped to reduce supply and make its token more scarce, creating potential for long-term value growth.
• 😀 DX has demonstrated significant job growth, with a shift to a subscription model for jobs increasing monthly job listings from 3,000 to 60,000 in just a few months.
• 😀 The speaker is bullish on DX’s fundamentals, viewing its current token price as a good opportunity for investment despite market downturns.
• 😀 For Ethereum users facing high gas fees, consider using an MEV bot blocker and a custom RPC node on MetaMask, but be cautious with external permissions.
• 😀 Attending Poseidon Dow’s live space events offers valuable insights into the latest developments in decentralized science and finance.
• 😀 Getting involved in the Dai movement presents an opportunity to be early not just in buying tokens, but in supporting a transformative movement in decentralized science.
• 😀 The speaker believes that influential figures like RFK will soon recognize the potential of decentralized science and the technologies emerging from it.

Q & A

What are the recommended wallets for accessing decentralized science projects?

The recommended wallets are MetaMask and Phantom. These wallets give users access to various blockchain networks such as Ethereum, Polygon, and Solana, which are commonly used in decentralized science projects.

Why does the speaker advise against using centralized exchanges?

The speaker believes that centralized exchanges have become predatory, meaning they charge high fees and engage in practices that can disadvantage users. The speaker suggests using decentralized platforms instead.

What is the main focus of the DX project mentioned in the script?

DX focuses on quantum computing as a service. They offer 'Quantum as a Service' on AWS, and their upcoming developments include a room-temperature quantum chip and a revamped tokenomics model.

What is the significance of DX's pivot to a subscription model for jobs?

By pivoting to a subscription model for jobs, DX has significantly increased its job growth, from 3,000 jobs per month to 60,000 jobs in November 2023. This change has helped the project scale and grow its ecosystem.

What are the upcoming developments in DX that the speaker is excited about?

The speaker is excited about DX's upcoming room-temperature quantum chip, which could be integrated into everyday computers starting next year, and their $50 million investment round.

How has the DX project improved its tokenomics model?

DX has revamped its tokenomics to make its token more scarce. Some of the tokens used in monthly jobs are being repurposed and taken out of circulation, making the remaining tokens more valuable over time.

What is the purpose of using a MEV bot blocker with MetaMask?

The MEV bot blocker helps users avoid high transaction fees on the Ethereum network by preventing Miner Extractable Value bots from manipulating gas fees. However, the speaker warns users to be cautious when using it, as it involves granting permissions to external services.

What role does Poseidon DAO play in the decentralized science space?

Poseidon DAO is focused on supporting decentralized science initiatives. The speaker promotes the DAO's space as a place to discuss and explore new projects and ideas in the field of decentralized science.

What does the speaker believe about the potential impact of decentralized science movements like Dai?

The speaker is optimistic about the potential of decentralized science movements like Dai. They view this as a transformative opportunity to revolutionize the way science is conducted and believe influential figures, such as RFK, will support these initiatives.

How does the speaker suggest handling high gas fees on Ethereum?

The speaker suggests either using a MEV bot blocker with MetaMask to reduce fees or simply accepting the fees as a part of doing business on the Ethereum network. They emphasize the need for caution when using external services to manipulate gas fees.