hey everybody welcome back to our weekly podcast my name is Patrick tan General Council for chain Argos thank you for tuning in um wh you get your podcast from uh well I mean it's a legitimate statement come from somewhere um and thanks for all the likes comments and subscribes we appreciate that um of of course um thank you for all the shout outs for the thorchain stuff from last week I'm glad you guys enjoyed that um much more coming along what we going to talk about this week of course with me as usual every week our CEO and chief data scientist John Ryder um what we gonna talk about this week uh the ape Punk shot gun attack um I never thought I would see those words in a sentence but here we are um John's got all the dish on that um the UK Bitcoin ATM prosecution uh again John has some information about that finally we'll go to a bit of data um The Wall Street Journal used um our data last sometime this week uh I forget when um on Tether so um I I've got a little bit more in-depth data for you guys that didn't actually make it to the Press you know how it is behind the scenes uh sometimes not all of the data is going to make it to the Press so I'll share a bit more of that with you guys and also my comments on some interesting Partnerships uh towards the end of the show that are related to That Wall Street Journal piece but more than that later um let's just jump straight into it uh John I never thought I'd be saying this but um please tell me about the ape Punk shotgun attack cuz that sounds like it could have happened in real life yeah okay yeah so there's a an nft series it doesn't matter what the nft series was um and then one of the nfts in that series was put into a fractionalization platform so I don't to remember how many were in the original series and then they got broken into 10,000 um fractional ownership of of that nft okay so this is fractional ownership in the same way that a you know you can stick equities in a trust and then sell token uh secur certificates you get a fraction of the ownership of the equity that's how you do fractional share trading all that kind of thing um so the underlying Financial technology such as it is is is is pretty well settled um so what happened here about the platform is it wasn't simply put an asset in a box and sell certificates for fractional ownership of the contents of that box it also had a shotgun facility where an owner could propose something like a mandatory tender offer so for those of you who are familiar with traditional Equity corporate whatever actions that's the thing um what it means is uh I'm going to pay X for each outstanding share fractional ownership um certificate of this this protocol and if there's no dispute whatever it finally gets passed then I just everybody has to sell them to me at that price right so when a company buys another company this is one of the types of things that get used to say we've agreed a deal at either a stock Ratio or a cash payment at a certain price and the stock just gets converted into cash or into shares in a different company at that rate so here you can propose one of these shotgun and clearly the you know it's a reference to things like shotgun weddings which is a joke about you know somebody standing there with a shotgun and it happens fast so here it's a uh here's a bid and if nobody effectively places a higher bid to cancel the the first bid everybody has to sell at that at that price so this person put through one of these shotgun bids uh that worked out to a price way below where the supposed market price for this whole nft was and they tried once it got sniped out they tried again it got done and then they uh they bought the um bought the whole thing at a massive discount which they apparently then sold although you don't really have a way of knowing if it was sold to somebody else or that's just back to their main collection account whatever it is so this is interesting um because a of course the code's all visible but the fractionalization platform had gone offline so when people say things like the front end's not really legally important because you can always interact with the smart contracts the problem here was that no one knew how to interact with the smart contracts um not even necessarily because they were poorly documented and confusing which they wore a little bit but because most people don't work that way and they certainly don't work that way if there's a nice veneer that's sitting on top of the whole thing i' do it in the first place so that was much more challenging Apparently one of the holders made some sort of effort to submit the correct whatever transaction function cost um to stop this bidding process but wasn't able to stop it in time although it's I think it's a 14-day window so this is a little bit like The Compound thing we talked about a few weeks ago where if absolutely no one is paying attention appeals to like a stable equilibrium Arrangement where you know rely on incentives I mean the evidence is that literally no one was looking so you're not in a stable equilibrium you just walked away from the product so these are not good arguments about stability and you regul whatever functional survivable robust systems um and then another commentator remarked that people should use platforms like his platform he works for a vanac which is a equity broker that has a nft fractionalization tool and their argument is essentially our tool is completely centralized and it it's referred to as a closed ecosystem and we vet that people don't have features like this in their in their contracts and only the owner of the token can of the project can make these types of changes so you'll be fine I don't entirely understand that argument because it's just saying instead of trusting the code you can read trust them to not allow problems through which I if they're willing to take responsibility for it fair enough I suppose but uh that's kind of the opposite of the entire purpose and Ethos of these things um but it does seem to be required for end users to like it which is telling you that the ethos of the space may be incompatible with the products that those who wish to espouse that ethos want to use which is interesting um you know there you go all right so that's where we are um moving along let's um let's talk a little bit about well and I should say I think this issue where platforms go offline and then trouble ensues as more and more platforms go offline CU a lot of these platforms came around with the last big hype cycle about 2 three years ago and they'll be running out of money and shutting down now so this going to be a thing it going to be a thing so let's uh let's talk about the UK Bitcoin ATMs cuz that's that's yeah that's pretty funny yeah so okay so the UK has some kind of crypto trading licensing regime we're not going to talk about the merits of that regime we're going to acknowledge they have some kind of regime and the government has come out and said publicly that all Bitcoin ATMs operating in the UK are illegal because while there are dozens of companies with licenses of various sorts correct none of them are licensed to provide Bitcoin ATMs and it's an interesting situation where they're like look a license exists and no one has it so if see one of these it's illegal yep okay you know you see cars with license plates on them but you can't always tell if the registration is valid or and that's it's a bit harder now in this case uh someone is being prosecuted for activities criminally prosecuted for activities related to the Bitcoin ATM network that they were operating um it's a few million dollars a few million pounds worth of volume through these these these Bitcoin ATMs uh as I understand it from the press release and the reporting he's being charged with two types of offenses um the first which is directly related to the ATMs is receiving holding possessing um stolen property so you proceeds of crime uh exactly whether that crime is that the money was stolen from somebody else and he was holding it with that hasn't been made clear yet um so that is directly related to bitcoin ATMs not having kyc procedures and as the operator you could easily end up holding stuff that was derived from crime that's a straightforward and if you don't have a license you have no firewall defense whatever he's also being charged with various things related to forgery which I think are only in an ancillary sense related to the ATMs because you can't forge licenses and other documents and I that's not okay but it has nothing to do with the Bitcoin ATMs he could have been operating unlicensed dry cleaners it wouldn't make any difference right you mean anything where you fake documents is going to be a problem like that um so it's not entirely clear which versions of which things he's being charged with yet uh and as far as I can tell the penalties for these range from small fines some things are up to 6 months in jail but one version of the proceeds of crime one is 14 years in prison so there's a wide range of possible outcomes here he's not supposed to appear in court for a little while still um find out exactly what he's charged with but it should be should be interesting um they've taken other action against a couple of other ATM operators in the UK but not criminally yet just civil stuff um I mean if you publicly announce that everyone operating in XYZ business area must be operating illegally and that doesn't get people to stop you're going to have to take out a bigger stick right I mean whether or not again you agree with their licensing regime and the rest of it if the government's coming out and publicly saying like that's the message you need to stop this now or it's going to get worse for you and particularly because these are physical machines you can go find out who owns them who runs them who's paying for the thing who does the service uh cuz for example the government runs the police so they could say to some police just you know sit out the machine and see when the service guy comes up and ask him who pays his salary and then go arrest that guy right the service Guy this is not not the service guy the guy who runs the oh whoever but like the the surveillance here is you know we do some blockchain intelligence data forensics analysis whatever and that may be complicated and need math or computers or whatever spreadsheets something a database it needs electricity but telling the police to go you know wait at a location for the service person to come up show them their police credentials and ask who his boss is that's standard police work I mean the they the police can do that easily if they if it's a priority for them to do that and it will get done yes and then they'll find you cuz you know of course they will um so it's interesting it's interesting um such a sort of brazen violation not huge amounts but like you can't just openly defy things in that way oh also the the use of physical devices at fixed locations well not fixed I mean you can move these machines around was always going to be the weak link there used to be some maches here they're all gone now is that correct yes that's I remember seeing them they were around for a while I don't remember what the licensing regime was but then they they were all told to go away go away and then they've all disappeared they've all gone back to Australia where all Bitcoin comes from so um on that note let's the mining joke for those of you not familiar with so um on that note let's let's take a look at a bit of um data but before that uh one of the things that you may or may not have um caught this uh past week was that the Wall Street Journal with excellent reporting by Angus Berwick and Ben foldy were basically talking about tether and its use cases in countries which are I mean it's not a completely one-sided story there are um situations where uh because of hyperinflation in the local economy some um the the population has um leaned on tethers to kind of U bolster themselves against the the the the the pace of inflation in places like Argentina Venezuela and the rest of it but at the same time let me just say I not even think it's just a hyperinflation problem there's a generic issue in Emerging Markets where the currency is not freely convertible corre and they're export focused economies and the elites associated with the government hand out the spoils of the exports to people connected to the government this is just alleging Emerging Markets are corrupt sometimes right that that's a thing right the Farm Workers Factory workers sell stuff overseas and the local upper class take most of the profits that's Emerging Markets forever right that's not about any specific right so these people just just getting screwed cuz lots of countries have worked that way for I know hundreds of years that's poor countries yeah so um so it um to it was an interesting piece because it looked at um it was extremely well researched they spent a long a long time on it um and they got a whole bunch of data and they used our data as well um a little bit of a a plug we're the only data service provider that they used but anyway um so some of the data they went through basically we were asked how many um uh and this is to do with um tether's blacklisting and how many addresses were blacklisted and and how much went through those addresses and how much left so some of the stuff that they did um leave on should we summarize the data at least for yes I am I am going to summarize the data so basically there were 2713 wallets that were blacklisted by tether so our standard for blacklisting basically means so you may not know this but tether regularly Blacklist wallets and then removes them from a blacklist so if that's the case we usually don't count that as being a blacklisted wallet because sometimes people make mistakes sometimes they false reports stuff like that so we only yeah we we we're vaccinated if anybody has more stories about that we're genuinely curious we don't really know corre so we only factor in wallets which have been blacklisted by tether and continue to be blacklisted at the time of observation so it's entirely possible that after that time of observation some of these wallets then go on to be unblacklisted and then the flows can flow freely through so at the time of observation so um The Wall Street Journal study was between January 1st 2018 to June 30th 2024 and at that time of observation what were the flows so there were 2713 um addresses on Tron and ethereum and we we we narrowed down to these two blockchains simply because that's like 99 98% of all um tether flow so there is a little bit on other chains but it's not significant it's not certainly not in 2019 right it yeah and and and the problem with that of course is that if you include the new chains then it kind of skews some of the data you get from the old um the the the chains that have existed for a long time so let me just give you some numbers um before I jump into the the visual data um and these numbers May strugle you so um between January 1st 2018 and uh June 30th 2024 on ethereum blockchain um wallet's block listed by tether received a total of$ 5.15 billion thereabouts and then they sent out a total of about $ 4.17 billion so about just shy of a billion dollars remained locked in those wallets blacklisted by tether on ethereum so about 989 9.2 million to be exact um that represents about 19% of all tethers on ethereum so if you want to talk about blacklisting efficacy well no no no % of all tether % oh sorry of all tethers that got blacklisted um yeah they they got they got frozen so assuming the address has been controlled by the bad guy the whole time 20% of their money got caught correct which is okay you know I mean it's not zero now let me give you the figures for Tron so over that same period um yeah you're not list this is not wrong yeah these same these addresses received a total of $1 47.7 billion remember on ethereum it was 5.15 on Tron it was 147.7mm tether managed to freeze about 0.26% of all tethers well of the flows through those wall I was assuming they were always the same bad guys yeah on on the Trum blockchain now we also accounted for things like um where it was sent to to get burned so you know it got burned and stuff like that tther does Burn yeah it's worth noting they they they can Blacklist wallets they can also just take your money and burn it and move it somewhere else corre that's not done as often but it's not done as often so the um factoring in that amount actually it's not significant so even even if we added that on it doesn't really change the figure all that much but they they do actually send um uh they do send some even even if a wallet has been blacklisted they tether themselves can then send it to the burn address and sort of get rid of it but that that those amounts are not anywhere close even if there were errors um on that amount it's not significant it's tiny um yeah so 99.74% of all tether that was on Tron made it past the gates and I'm not this is not a commentary on Tether mind you um it's just something to take note of because it's difficult right because when an address has been blacklisted by authorities or whatever the case may be there is a lag time and it takes some time before tether or Circle or whoever is issuing these centralized stable coins to do something about it it's not like there you go you know we get them we freeze the thing in a matter of hours and minutes tether famously has a very staff count so it's not likely they're quicker than circle circle requires a you know court order legal so they're um presumably Circle got more staff but they're less openly less responsible again I'm I I I I'm this is not a commentary or critique on any of uh it's data empirical data about dates yeah so I'm not saying that one um one approach is better than the other Because if you think about it as well um in some cases and we've heard um but I don't know how true these stories are where people whove had their tethers kind of like Frozen and they feel that it's unjustified because they had nothing to do with they don't even know what's going on we don't know we don't know so let's just look at some of the data um uh you know just so that we can have Okay so this this is interesting so this is a bunch of wallets that were blank listed by Israel um somewhere in the summer of 2022 I think um uh and and and then we were I was curious sorry they were on the Israeli Black List in the summer of well before the well before the uh um the um whatever stuff from year ago that we the troubles in but they only got blacklisted by tether after that fighting began so October 7 is when the um uh unfortunate things happened incidents yeah yeah so um and um tether blacklisted all these addresses um somewhere around here October 14th um but you can see how much made it out the door like the the minute that's sorry and there's no flows before the seventh is that right uh no um no so I'm only looking at flows after the seventh so there are flows before the 7th as well but one of the things that you do see like really ramp up is and that's why I ignored the first half it's because there's like you know muted flows but the minute um Hamas went on that little um oh that's interesting that little um sojourn um the amounts that came out of these wallets just shot up like nuts oh wow so presumably these guys knew they or gals whatever knew that they were on the Israel published black lists yeah but that could still transact tether and following these events they realized that's going to stop soon we need to get this else that's a fascinating we need to uh hustle so um these are not huge sums uh about 1.8 million um and then 2.5 million next day and then you know a little bit like some some shrapnel it looks like like the money we still have we got to get rid of we got to get rid got to get rid we got to find find a way to get out find a way to get out now bear in mind um they had to think this through because okay the one question you'd ask is why not take everything out in one transaction well then I've got a simple question ask you who suggest that or you going to send it to yeah you got to offer if you just move it to a different address that just freeze that you got offer it's like like a wacko thing right you have to figure out you have to have a plan in place youd have to like I'm not telling you how to do this but basically you have to have a plan in place to it looks like the plan for the last 5 days only had 250 Grand a day of capacity looks like it it looks like it it couldn't really breach that couldn't do much more than it couldn't do much more than that it couldn't do more than half a million definitely but but this on a data uh chart this is what that looks like and and that was interesting and and again Israel's Blacklist was um unfortunately was in OCR mode so it's not even machine readable so uh you know Ian I mean this is a complicated question like to what extent do you want to recognize the blacklisting of any uh specific nation state I don't know but it's a great uh explanation illustration of how if your argument is that a transparent system or blacklisting is the the the security mechanism is better than whatever something else you know this is an example of how adversarial this really is and how you have to model your adversary the guy trying to use the address you want to stop as a smart capable creative person is this in this case tether hadn't blocked these addresses yet the users of these addresses were pretty clearly aware that they were on a a watch list such as it is and that once this stuff happened on October uh 7th that they were going to get shut down soon and they needed to get this money out um so that really you know a lot of people sort of like we need to be more constructive everybody should be on the same team no no no no no no if you want to model how blank listing works you need to think think of the guy you're trying to catch as a creative capable smart adversary who will undertake strategies like this to get their money out and you need to show that your scheme works in the face of that not in the face of somebody that has no idea what's going on and just gets randomly slapped with blacklists out of nowhere it's a great illustration of that problem yeah so now let's look at a little bit more data um on so this this is again um I started off at uh January 1st 2018 uh this one goes a little bit further this one goes up to August 30th uh 24 um this is on a daily basis just to give you a rough idea like you know days of the week and all stuff like that what on any single given day what's the most number of um addresses that um tether is blacklisted not about amounts just an simple number of uh wallets so if you dive down into this one of the things that has often surprised us is that we've seen addresses which get blacklisted that have essentially no activity like you know there must be errors there must there was really like literally no activity so I have no idea what's going on there um and then if you want to look at the first time that something was black Lista this is actually on on ethereum so even though this chart is a multi-chain chart um on the first one's actually on ethereum on uh June uh June 9th yeah June 9th 2018 was that that's those were testing right they blacklisted yes yes so that looked like a test um and then we saw like a couple more but all these again looked like tests there was five in in somewhere in in January uh uh yeah January 2019 little one January 19 so not not not a lot going on you have a little bit of action here um of course there was this one single day a day that will live in infamy uh October 6 2022 so you guys recall what happened around that period of time is this the FTX act this was basically around the time that FTX had all of its issues um just coming up to about two years ago so on a single day October 6 2022 this is all these times and dates are in GMT uh tether actually blacklisted 268 this was the Big Pig butchering scam joint thing or um I don't know necessarily that relas about something I don't necessarily know that those things have anything to do with this but that was I mean there was a lot of stuff going on press release then around something like there was there was a lot of stuff going on around that period of time so so this is that's what we have um and then now let's look at it on a monthly basis um again if you look at it from a monthly basis the trend's pretty clear here well it's a lot more blacklisting also um there are some theories that uh US government is now kind of deeply embedded with tether um has agents something like that I guess that would be consistent with some sort of an increase but again those are the speculations I mean there's a clear regime change here in somewhere around yeah 2020 right so this is 2020 early 2020 actually start doing this so they start getting requests to Blacklist so presumably a lot of the tether expansion explosion that began around the same time the co stuff began early 2020 early 2020 didn't lead to much for a while and then they started getting complaints requests whatever some reason for freezing there was some kind of regime change here and then you can see that there was some kind of regime change in late 2023 here where the amounts just step up dramatically yeah and again if you just go over that bar here um again that's October 2022 oh so all the black listing was in fact that one day yeah most of it all 282 was so 268 on that single day and then for the whole month it was 282 so so most of it almost every uh wallet that was blacklisted happened on that uh in that and these if you look at sort of the number of active addresses which the exact amount doesn't matter it's you know Millions um you look at these are you know hundreds do you think that only 200 out of 2 million addresses are bad people I I don't I don't know I don't have an answer to that but um you know those are those are not huge numbers and you're probably getting a sense of the challenges of a human administered system system doing some of this so um and which is what the Wall Street Journal actually says it's um blacklisting is a bit often times like you know uh closing the proverbial uh Barn Door after the horse is bolted you know so it's I get it it's it's difficult um unless you have precogs um you know how are you going to know um yeah if you if if you want to block the use by a certain entity of network but they can create addresses for free you can't catch them in advance you can't catch them 100% of the time that's a fairly straightforward construct which is why I was and now I'm going to 100% is maybe not the right goal it's too high but it's an unreasonable threshold we can't all be Tay so um but one of and this is one of the things which confused me on the day the so the Wall Street Journal acknowledges this uh issue and they called it it's like a game of wacka um and which is why on that uh on the day that um The Wall Street Journal issued this uh newspaper article was the same day that uh trm uh trm Labs which is a blockchain intelligence firm as well announced a partnership with Tron the blockchain uh and tether to uh use trm lab's blockchain intelligence to fight Financial crime I found that interesting well I mean look in one sense doing better than point to 6% catch rate is definitely possible I mean that's a pretty a l bar low bar right so these people can probably do better yeah uh but you do kind of have to question if that's the right way to do things I I mean maybe they're doing an awful job and they can get from point to whatever percent to 40% I'm not sure I think that's possible I think 40 basis points is a good place to start okay 40 basis points is not nearly yeah I mean yeah yeah so I I was surprised by that because um I'm sure OJ know who the we I'm sure OJ can help out with finding the killers um too soon too soon so it's it's strange I I I I would just uh remark that it it's strange I'm not saying that it's a I mean you know people are companies are entitled to do what they want to do I just found it interesting and and a bit peculiar that so maybe they have access to the precogs well I mean there is a general optimism about a lot of these things where people believe that you can make stuff more efficient and tracing more effective and better Financial crime prevention whatever so I think we'd like to be clear that we're saying two things at once one of them is you can absolutely do better than is currently being done and everyone believes the technology can do better than that right because empirically what's happening on a lot of these chains I mean this is tether on Tron which we've written about for years the amount that's being caught is absurdly low and clearly you can do better than that um whether that's an issue of Technology seriousness caring responsiveness whatever um but it's it's probably given you have this empirical data out there it's worth people considering whether you think this type of system can ever get to be good enough right because again here all the addresses Patrick was talking about being blacklisted were created on computers for free because you can just create addresses at scale for free and you can move among different addresses basically for free on Tron it's genuinely free a lot of the time um you know when you talk about traditional finance and bank accounts the rate of growth of bank accounts tracks the rate of growth the population in general and you can't just show up at a bank and say I want 14 bank accounts that's just not a you don't keep going back to the same bank opening many more accounts for yourself right so you have some fraction of accounts that are a problem and that's naturally kind of under control because the whole process of creating them is bandwidth limited when you remove that limitation and let people create accounts on their own you kind of have to question whether it's even possible to do a really good job because that 1% say of Bad actors is going to create Accounts at a that wildly exceeds population growth because they can and then all of a sudden they could be 50% of accounts right and those types of systems that people conceptualize with that natural bandwidth limiting thing going on right those may not be the right mental Frameworks legal Frameworks uh to deal with problems in that context you can see that here they're only blacklisting hundreds of addresses a day a week a month we're not saying that these guys should just work harder and Blacklist 50,000 addresses a month that's not the way this is ever going to work um so you might want to going to step back and think whether that's actually the right way to do things doing better than 0 2% is clearly a step forward but it may be possible that you just can't get somewhere good without making some other compromises some other changes and to that to that end I question um whether or not like any blockchain intelligence firm unless they have access to you know the precogs um what is their ability to to Really preemptively uh you know stop some of these things I mean like to stop the believe like let's say for instance the Israel blacklists were out there for a while um at least four or five months before uh tther actually acted to freeze these addresses so which which to be clear is is must be some combination of caring communication and capacity yeah right because it there can be no other explanation right they didn't read the lists they didn't care about the list they didn't know about the list they weren't asked about the list or they didn't have enough manpower to implement the list it's something like that so having a service provider take a look at that sure beyond that I don't know you you got to show me the precogs and I I'll I'll believe it for those of you who don't know what the reference for precog is go watch Minor report it is perhaps the second best movie after Avatar because everybody knows Avatar is the best movie okay I've never seen Avatar but I don't think Minority Report has that kind of a reputation I've seen it it's fine I've watched it on airplane um no more seriously you know these things are hard The Wall Street Journal reporting is excellent and they cover a lot of enduser use cases of people and businesses that are doing things that are almost certainly at least nominally illegal but you know some guy in a Latin American country with restricted currency that doesn't have access to reasonable savings Vehicles wants to find a way to transact in dollars outside of government control it's not that we aren't sympathetic to these people right and something we've said many times that you can be supportive sympathetic whatever want to help fine but suggesting that the solution is for people to do things at scale that are illegal in the place that they live you probably want to question whether you're really in the end doing more harm than good all right so if you gave these people this facility and there were also discussions about how corruption in some of those countries related to using the same tools caused a lot of people to get in trouble you may end up just getting the whole thing shut down and them losing access entirely to it um anyway suggesting people commit crimes in the country that they live in you know when they're already on the receiving end of bad treatment is probably not long-term solution for much uh we're sympathetic to these problems we just you know we question whether this is actually the right way to solve any of these problems oh it's it's a bit like you know saying to the villagers if you use an rpg7 to go fishing in the lagoon you probably catch a lot more fish but then you know you could also use an rpg7 for a whole bunch of other things I'll be I'll be a little more on point and say you know if the idea is to provide people with reliable savings vehicles that are outside of government whatever control and the other use case that's using the same system is criminals trying to exfiltrate profits and launder money well criminals don't care about the long-term stability of the system they care about their ability to use it now right so if those guys run a bunch of money through to clean it to export it to whatever exfiltrate it that may result in it never being usable as a long-term savings vehicle because it's not going to last 20 years for this guy's savings to you know make it to having been savings if it's going to get blown up by a bunch of money launderers in the interim that's just not a that that product is not fit for purpose because it will never last long enough to serve as a meaningful savings vehicle um and you're seeing that conflict play out right that most of what they were talking about was either large highs scale International crime corruption type stuff retail users on the ground and the guys at the top stealing the huge amounts of money could definitely transfer the money to an actual bank somewhere it's fine and they don't care about the long-term stability of the system and you may not even be serving the users that you do care about by doing it this way I sometimes worry that that was not the intention anyway but that's my that's my hand so anyway on that note uh thanks for tuning in uh thanks for catching the podcast um and thanks for watching uh we look forward to seeing you next week um again keep all those likes comments and subscribes coming we do appreciate it when you do that if you have any other um content suggestions I think there were a couple of them on the comments from a couple of videos past we will look through them they will go through a rigorous vetting process sub presented to for a committee and then the committee will decide whether or not we can talk about them this committee is us anyway have a great weekend we'll talk to you again next week bye- bye [Music]