Leicester

Incomes like the Libero, Totano, Seifu, Ascent, and some of these other ones, Drip,

where they flipped it around and they took all of what I just described to the M concepts of banks, concept of treasuries, concept of mining baked beans project was doing mining.

Everything is a gimmick, a gimmick on a gimmick, on a gimmick, on a gimmick, on a gimmick, the ultimate, or I say penultimate, look it up.

Gimmick is a wallet.

shib initially talked about wallet concept and eventually spun to say let's just do shibarium just kind of go full scope with it but safemoon was the first to actually talk about implement deploy a wallet concept the wallet mindset was we should be a better wallet than the meta masks and the trust wallets and the other ones of the world but we also have our own lock-in thought process to it then i spin over to satama

who wanted to create what's called Cytomask.

Cytomask was their wallet.

That's what triggered billions of dollars to flow into it because they started showing concept designs of it.

So Thomas thought was trying to solve what was a problem at the time.

In the proof of work era, during excessive volume for Ethereum, you would see gas prices go to the moon.

Sometimes you would do a trade and it wants $100 worth of gas to do the trade.

That was real in the proof of work era.

That was one of the compelling reasons to go proof of stake was to help offset some of that gas expense.

I won't bore you with the deets behind it, but suffice to say that the gas,

created a sale opportunity for Saitama's team with Saitama because what they said was, and it was a scam if you think about it, but what they said was, you'll be able to use your Saitama tokens as the gas and trade all these different tokens.

So now you're not paying the Ethereum gas, you use your existing Saitama.

Well, the reason it didn't make any sense is that the only thing that drives value for a given token is its liquidity.

Liquidity has to be paired at minimum

To the blockchain it's on, Satama was an Ethereum chain, which means it was always paired to Ethereum, which means just doing basic transactional activity, you're still paying the gas.

You're just kind of offsetting it.