f someone else wants to join in so if you join in then he'll bring it down to three thanks if you really wanted to sell out other people they would have sold it out but they didn't I don't know how that's my problem or my fault everybody sees that the break is down to three if they wanted to break it would have sold I mean from what else to say I've been saying that update break well before even Rex bought in when it was like at seven or yeah I think it was like at seven I think was that literally at seven when I started today and I said look that break is at seven let's do it now literally I said like around three thirty let's do it now so we can do it get it over with because it's gonna kill two hours and no one really bought into it up until I think I think one or two people before Rex actually but again if it would have if it would have sold I would have done it when a break is done at three I mean it's right there if people really wanted to break it Rex they would have bought those three teams especially since they're only 60 and 70 bucks and if the Reds were the last team to sell someone would have paid for them especially it being one of our last two promo breaks but it just didn't Oliver could have got a spot in that but he decided to go to the jerseys I'm out of Oliver he could have bought the pirates for the same price as the jersey spot well technically for yes actually you're right for left did you get another spot that'd be funny if you actually do that Rex really I'm gonna email every single person don't buy off this break this Rex is gonna thank you Rex I needed a little bit of a lap after today's duck's loss yeah for love guys jerseys are very nice and we're digging into a fresh case right now too I'm here to 11 so we have an hour and obviously this is a quick break so even if it's sold out at 11 I'd still do it because it's only like 10 minutes and so far I think yeah Steve Herrick got five earlier Jean got two Logan Ivan got two Michael got one Oliver got one and then Steve got two so right there we're knocking on the doorstep guys we're talking about Rex I only see I should have waited a few more weeks but it's at the $73 what are you talking about unless your message has cut off I mean maybe I don't see it I don't see it on my I don't see it in my YouTube chat or I don't see it in my stream chat the one you guys see right down the top corner Evan Carter who's that and for him to be $73 that's awesome it's baseball there now he's on the Rangers I see at home run this cool season already that's great man I don't even know who the fellas is I mean not that I watch Rangers baseball anyways but so he played in 23 games this season 19 hits five home runs 12 already guys so he didn't play much open to the end of the season right yes you only played 23 games this year so he'll be a rookie next year in products probably well there you go oh can't score to go go break up 5-4 now also how about Austin Matthews starting off the starting off the year with three goals in back-to-back games six goals already scored another hat trick today against your against your wild Steve Matthews is freaking starting off the league hot little bit of the playoffs it's just the Toronto's Chokes in game seven that's what it is they're definitely cursed Skyrizzy yeah let's take a look at let's take a look at Oliver's Royce Lewis I really have to put national treasures on there ah there it is there you go that beauty look at your cheaper than the guy that's selling the the other one-on-one version how about that the title somewhere pulled by Joe Jaspy's hands DNA right on them so that's a big selling point right there he licked it we can sell this break guys all we need is four more spots that's your whole guy's opinion this ain't one of them it's out of there we all have to say we have a lot to sell I mean we might not be able to make it hey we're here oh you know my goals for us is with me oh you are alright that's great we got a crowd thank you for all the chance to make a guess oh we are in a couple of circuits please get us to a harder to load people's minds with our final to drop give your name comment now let's get out there are you sure it's your song do it okay I'll see you yeah what's this Dale just got a spot in the jerseys woo-hoo life three left oh Steve just can't take it no more can't take it no more alright sold it out it's also probably like one in the morning with our midnight right so with 240 left guys this is this is it right here they don't score it's over you know sometimes the kings are too fancy alright we got the case guys who scored I should right honestly oh my god your dad is bleeding he's bleeding from his nose is that a high stick well I don't know if I call it high sticking but the stick the shaft of the stick by the end of the stick did hit his nose alright anyway let's go guys here we go yeah what's up everybody jason here for jaspyscasebase.com we just sold out 2023 fnatic's under wraps signed football jerseys 3 box half case break we're 5 random players each number 6 and again guys 18 total spots we're gonna time your names by 5 and of course chasing some pretty good names in here including Mahon's Brady Bay Manning Jefferson and much more so here we go so that's once twice three four and five now let's click roll dice into one into six seven times good luck one two three four five six and seven nice are you gonna go to that game steve one hundred six seven seven down to steve I don't think the kings play again until Thursday they have like a really big big off days a bunch of days off seven one two three four five six seven damn steve you have to get that one now gotta go for me Russell Wilson got a Bo Jackson alright so of course just the way it came out there after seven times alphabetized it by customer name you guys can see what you guys got really quick so Dale there's your five there, Wilson, Waddle, Sanders, Prescott, Urlacher Eugene from Targenton down to Eli and you got little Patrick Mahomes in there Brett Favre a bunch of other nice ones in there Ivan from Jals Jacobs down to Earl Campbell you have T-Law, you got Theismann, Rogers Stabak Logan Jerry Rice with the combo spot Colbertarian slowing down guys that was a nice one Stapleton with Garrett Wilson down to Justin Jefferson Steve has plenty let's show what we can for it so Marcus Allen down to Matt Ryan in there you have Deondre Swift you got Ray Lewis, Marshall Foll Payne Manning, Deon Sanders John Alway amongst some other nice ones and then Doug Williams, Dan Marino, Lane Vandrish and then Steve Locke, I think you have the rest so from Micah Parsons down to Tom Brady you got John Riggins in there John Taylor, Beau Jackson Rogers, Tua Vanny Moss, Ed Reed Jamar Chase Zach Wilson, all those players in there you have Fufanga so that's the DB yeah that's the DB for the 49ers kind of reminds you of Trope Olimo I don't know if you've seen him on the 49ers he's a really really good player I actually think he might even be related to Trope Olimo but he's pretty solid he's their safety yeah he was the first team all pro last year and pro bowler he's really good he's actually really really good I think he pronounced it like Talanoa Fufanga but yeah anyway alright so that's everybody there I'm sure there's not many trades so let's switch scenes and again I have the case right here guys it's really really pretty big case so I'm going to open it up here on the desk or on the chair where's the knife there I can see the knife this is in a full sealed case Steve so we're going to have the case alright so these three here at the bottom will be one we'll put them over here it's going to be the top just because I know you won't be able to see them top these three are going to be the bottom if I roll a 1, 2, 3 it's going to go to the ones over here to the side 4, 5, 6 will be the bottom 6 so 1, 2, 3, 4, 5, 6 we're going to go with these three here alright here we go here comes Pierre Lou I'm going to see who this guy is I'm going to see what you guys can't get him I'm going to make it really hard alright because it should be an easy one but I'm a former professional quarterback in the NFL Juana Super Bowl was an NFL man of the year in the college football hall of fame part of the team hall of fame that the team that I played for my whole career so he's like in the ring of honor look guys I can't really say much because we just hit this guy in the last break which is unfortunate but it is a different case work for what is he working for I guess he does work for the NFL network he does work for the NFL network he also owns a restaurant bar named after himself in Alexandra, Virginia which is awesome yes he chunked us yes sorry this one's going to be hard because like what am I supposed to say I literally said all of this guy's stats and where he went to school and how old he is but yeah we hit another Jolt Deisling guys and again another beautiful one with the Super Bowl inscription and again another one of these really nice ones but you got Mitchell Ness one fitting check out guys it's a nice jersey don't get me wrong it just you know kind of sucks to see repeats but it was a different case so it's not like it was part of the same case and again for every Tom Brady they put out there you probably got to put like 5 or 6 of these you know so again at the end of the day it's still going to sell well but like I said that was a that was a different case so it's not like it was part of the same case and Jolt Deisling whoo he chunked us look at that that's right Ivan just keep getting out back to it man all it takes is one break this could be the start of something though man this could be the start of something you never know I'm sure that dream is going to sell for more than the spot price I'll tell you that number it is officially licensed Superbowl inscription missed it missed it I'm a former quarterback in the NFL and I'm not Jolt Deisling I'm another quarterback played for this team pretty much my entire career yeah pretty much my entire career 5 time pro bowler guys led the NFL in passing touchdowns in 1991 retired number 12 jersey for this team I played for pro football hall of famer tough to say the stat but for Superbowls I'm over unfortunately was one of the better teams throughout the late 80s 90s and yes that's going to be Jim Kelly this one's nice this one feels like a real retro jersey actually there's the autograph really really old school one look at that oh wow this one actually has two patches so there you go bills 35 patch NFL 75 patch in a $275 jersey oh that this one's like that tim brown one that's a sick one right there Jim Kelly I mean $25 difference but still one of those one of those real actual ones retro Jim Kelly Michael Stapleton there you go man or just stop sorter good player guys you have an active player I'm currently active in the NFL I'm a wide receiver I'm pretty young I'm only 24 years old first round draft pick pick number 17 just a few years ago I'm a two time pro bowler second team all pro in 2022 my first two years in the NFL I've had a sorry my last three years in NFL I average about 1300 yards receiving last year had nine touchdowns previous year had 1100 receiving yards six touchdowns drafted in 2020 like I said play for my arch rivals I was almost 4,000 receiving yards in my career which is not bad went to Oklahoma adjusted not the evil not Cooper Cup who do I play for guys 2020 draft arch rivals went to Oklahoma first rounder and I will say I wanted the Eagles to draft him they drafted Recker which is a big mistake but by how the rules are making that mistake we wouldn't have AJ Brown and we wouldn't have DeVonte Smith so thank you for not drafting CD-Lamb so there you go CD-Lamb there you go Cowboys this one has a tag but it doesn't have a price on it but it is a stitch down jersey and it has the nice little new NFL shield patch and all that stuff oh my god this shootout is still going bro it's like round nine and CD-Lamb Steve Locke there you go buddy oh well at least I picked up a point thank you guys so much I'll post the second half now look we got two vets one active kind of reminding me of picker team one and two that we did last week when it first came out we did get a pain manning in the second half I kind of expected to be something similar maybe get another active player but also get one of those bigger quarterbacks that we could be chasing so I'll post the next half for another day thank you guys thank you Steve obviously you pretty much got it there to the finish line for the most part but obviously group effort for everybody thank you guys um like I said I'll post another one up and like I said we can sell it out for a friend of the day man talk to you soon see how you're burning, eating chips well I'm pretty much done kind of a no man's land honestly even if that mosaic sold out it's like a 30 minute break I mean I'd stay and do it if it sold out like right now in the next 10 minutes but I feel like that's probably not gonna pop off but yeah guys like I said another solid Saturday man I mean last couple days here I've been pretty solid which I appreciate that guys I mean obviously promos help but also new releases help push those new releases to sell really quickly and also push other breaks that were kind of like straggling and staggering for a while right I mean did that flawless we did a couple of those uh gold standards yesterday we did a diamond icons yesterday and another one today a couple signed jerseys today as well the mega box so yeah I mean obviously obviously um come you know Monday or whenever we break again I mean I'm sure somebody will sell this out eventually right three teams left that'll be a promo break two playoff spots left right that's already right there ready to roll and then of course the last one will be the NT break which I think eventually will get done so I think you'll start seeing like NT start moving you'll start seeing you know the jumbo moving and obviously I mean you guys can obviously sell this out by Monday and then give away those prizes and playoffs aren't even done with yet you know now obviously other breaks like like the pro mega and obviously sapphire sapphire I think has some pretty loaded hits potentially hiding there so all the people still want to do that but select that was really fun I thought we'd be able to do a select by today didn't do one yesterday but I figured out today's the day we'll do one but no one really wanted to get in on that I guess but yeah I mean if anybody has any questions obviously you know I'm still gonna be here it's not gonna start putting away some stuff though but uh yeah I mean hopefully by Monday you guys sell out that mosaic no huddle you guys sell out you know that flawless I think is hiding some big stuff do that double header and then obviously work on selling out NT so NT is obviously two fillers away NT is at um what is it eight straight out spots left so one two three four five six seven eight so yeah we need to do two fillers guys first one's already almost halfway there and we'll give away nine spots and then we'll give away another nine after that and then just gotta sell those eight spots straight up so we've really only sold about four spots straight up but again that is a problem of break it should go and yeah obviously look out for Wednesday guys I mean obviously Wednesday is a new release day again so look out for gilded to get posted at some point you know I'm sure we'll have pro debut for baseball and jumble but that'll probably be for like the store I'm sure we'll have some McDonald's all American maybe at some point on here I mean chasing some brownie James this is gonna be brownie James's first autographs actually in a product so that should be a really fun one so yeah should be fun so I'm sure we'll have that um no hard basketball on Friday next week for those high end baseball guys no more baby excuse me sorry get some water I'm pretty much done Chad for the most part I'm off in like ten minutes I mean we just finished our last break right now but I'm off in like ten minutes well another Chad was getting into that cap stones for for the other next day and then also getting a spot of that mosaic mosaic yeah we weren't as busy as yesterday yesterday was wild but we just still do quite a few breaks today like I was telling people obviously that promo sells out with NT and then that playoff update double header so if you don't have any spots in that promo just yeah this is your last chance you can buy the pirates for 70 bucks brewers for 80 or the reds hope to get some nice hits in a double header and then also get that spot we're giving away two there and then we're giving away the last one here so either you can pay 74.99 get a guarantee spot on the break or you can sell it to filler and get up to nine spots in each one we gotta do two fillers so I think by Monday guys we can get that promo done with I mean for these customers that are already obviously they're in but uh you know for everybody else you know kind of want to sell at those last two breaks so we can give away those last three I'm not sure if you can see that it's a promo or one maybe but it's a promo but it's a promo but it's a two page business and a promo is here and shoot out the same and that's where we have that last year and we just turned it up and it's not too hard I'd like to say that's some mistakes that shouldn't happen but you know you you you oh well I mean was it gonna be a quick one chat I mean I mean if you were gonna sell like the double header I wouldn't have been able to do that anyways that had a deadline but I mean if it was like a quick filler or something I don't mind doing that before I head off for you buddy but if it was like a you know bigger 30 40 plus minute break like that then probably not oh yeah tops up the SR that I had a deadline for that because that's like a two hour break yeah we break here from 3 to 11 so I don't mind staying later if obviously breaks a lot and they're quick ones but unfortunately I can't break that now I'm here for another two hours but I expect that to be sold out by Monday when we're back alright we'll take care of everybody hopefully well I think you have a spot in the promo already right I think I got you one here in that playoff mixer so that's a good one actually you have two wow look at that your blaster spots got you in buddy so congrats there but actually you have another one Jesus you have one from Fallis too nice well that promo happens on Monday I'm not gonna be here but hopefully you win a top prize maybe a little tier one case or some money back the $500 range Bowman edition box that's like a $400 box but yeah so have a great day man alright guys well I guess that's it for me pretty much but yeah I expect that promo that promo to be sold out by Monday guys I mean it's only just two more


Okay, so I'm going to be giving a little bit of an introduction for Peter, who's going to be talking about staking rewards to encourage user ownership within platforms. I think this work is pretty broadly applicable to a bunch of different use cases and, yeah, you know, Ethereum systems of Ethereum smart contracts on Ethereum. I'm just going to quickly give a little bit of like motivation for what went in, you know, why we focused on this work and how it, you know, how we came to focus on it in the context of Xerox specifically. Okay, so Xerox, which is, you know, we're not really focused on Xerox protocol as much as like the governance aspects of it in this presentation, but a little bit of background. So Xerox protocol is basically a system of Ethereum smart contracts for peer-to-peer exchange of digital assets on the Ethereum blockchain. And about three years ago, when we were initially designing the smart contracts, we realized that we were building on top of a rapidly evolving technology stack and that the smart contracts that we built, you know, built three years ago will probably need to be changing pretty frequently every six months or so. And so if we were to have like a single monolithic smart contract that was not upgradeable, we run into these problems where every time we have to upgrade, we have to ask our users to withdraw their assets from the first smart contract, deposit them to the next, and this leads to fragmentation and churn among users. So some people just like won't upgrade at all. They'll just like stop using the system period. And then we'll also run into the situation where some users will upgrade, but others just won't. And so specifically for exchange and marketplaces where liquidity network effects are so important, it's really important that we allow everyone to upgrade in a seamless process without disrupting markets. And so the Xerox protocol architecture is designed in an upgradeable way where we can basically plug in support for new types of token standards. We can upgrade, swap out pieces of this kind of pipeline of smart contracts. And we can kind of do it in a seamless way where users, traders can just kind of gradually shift to the newest version and you can deprecate the older versions and retain these network effects around liquidity. And you know, people ask like why do you need to have upgrades that introduces all this complexity? I think like actually just recently there was a perfect example of why upgradeability is important with the repricing of the S-load opcode in Ethereum, which is going to be going to the next hard fork and will probably be breaking a lot of contracts that are currently live today. And no one could foresee that happening, so you have to have a way to upgrade. And specifically in the case of Xerox, you know, Xerox protocol isn't supposed to be like a for-profit generator for like a private company. It's supposed to be public infrastructure that anyone can plug into. And when you have public infrastructure, okay. When you have public infrastructure, it's really challenging to figure out how do we upgrade these systems of smart contracts because the stakes are high. You know, today Xerox is moving approximately a million dollars every day. And you know, ideally this number will increase many times over in the next years. And so this public infrastructure is like pretty security critical. Many people are building businesses on top of it. So how can we decide on upgrades? So when we first released version one of Xerox two years ago, you know, we released Xerox with a governance token, the ZRX token. And the idea is that instead of having like a single group or private entity decide on upgrades, there would be a token that allows people to vote on these upgrades and, you know, make sure upgrades are representing the needs of the ecosystem. And we pretty quickly realized after launching version one with the ZRX token that the design was not working out as we intended it to. So the system was designed such that these marketplaces built on Xerox could receive fees in the form of ZRX tokens for people that are accessing their liquidity. And what this would do in effect if, you know, ideally is it would push the token distribution into the hands of people that are actually using the protocol. We want the protocol to be owned by its users. But this was the early days. There weren't many dapps that existed back then. And we learned very quickly that, you know, end users don't want to fuss with tokens. They just want to like do a trade and be done with it. And these, you know, having a usage token adds a lot of friction. And so a couple years later we looked at the numbers and kind of compared, you know, are the addresses that owns ZRX actually trading on the protocol? And are the addresses that are trading on the protocol actually owning ZRX? And the answer is absolutely not. Like we saw that there was very little overlap between these groups. And so at that point we brought on Peter to, you know, research this problem. How can we increase this overlap? And what this overlap represents is incentive alignment between the protocol's users and the people that are making governance decisions over the protocol. And so Peter's going to be talking about how we can create incentives that maximize this overlap. Thank you, Will. So you can see this Venn diagram here. And this is going to relate to kind of a Venn diagram in the next slide describing the evolution of the ZRX token, you know, where we're trying to go in order to address this problem of getting our users a voice in the process of smart contract upgrades. So so far we have this governance token, which allows these ZRX holders to vote on whether we make upgrades go live in the blockchain. So that's been achieved. Right. But in order to have this process work as intended, that people with voting power need to be the users of the software and not third parties who, you know, are purchasing it for speculative motives or other reasons. And so our plan to address this in version three of the software, which is going to go live in coming months, is to introduce incentives that update our ZRX token mechanics and that provide a new reason for people to hold and use ZRX. And components of this will be the addition of user fees so that takers, when they see a standing offer to buy and sell an asset and they want to take advantage of that, currently they pay no fees whatsoever to the ZRX software. There's no sort of revenue generation aspect. With this modification they will need to pay a fee that's proportional to the gas price that they pay when they submit a trade to the blockchain so that the ZRX will collect some revenue that it can use to create incentives. So these fees are then going to go into liquidity incentives that encourage people to create these standing offers to buy and sell assets. So market makers who get their offers on ZRX relayers and get them taken will be receiving a share of this income that's generated through user fees. And there's also going to be staking rewards so that token holders holding the ZRX token will be able to receive a share of the revenue generated through these fees. And our philosophy here is related to the vendor diagram you saw previously where we want governance, our governance objectives to be achieved and to do this we recognize we need to have incentives for people to hold the ZRX token. And specifically we need to encourage the people who we think have an interest in voting. We need to encourage this group who's actively using their protocol who has an economic interest or a stake in the decisions we make. We need to encourage them to be the people who hold ZRX tokens. So that rather than say like okay we have these token holders, they are amotivated, they didn't interact much with the protocol, how do we make them vote? We think instead we have these users and they're very interested and they engage with us regularly. How do we encourage that group to hold more tokens and buy them from this group of speculators? The philosophy. So why is this important to us? This gets back to our vision for the organization and so what we're trying to work together to set out to achieve which is to create a tokenized world where all value can flow freely. And we can sort of think of that as summarizing this concept of open access, open and low cost access to the ability to do online exchange of tokenized assets. As we achieve this mission so that everyone can sort of go online and use a DEX to trade into and out of whatever asset they want, we want to measure the progress we're making in terms of the volume of tokens that are exchanged, in terms of the prices that are available to users, so that the larger quantity of a specific asset is available, the better job we're doing, the better price you can get when you're moving back and forth between tokens, the more effectively we achieve our goal, and the wider variety of assets that are available on our relayers, the better job we're doing. And then in order to commit to this mission of ensuring that exchange is low cost and open to everyone and there's no sort of rent extraction or profit taking that is going to create barriers to exchange happening, we want to create a governance mechanism that commits us to our mission. We want to use token voting mechanisms to ensure that the people who benefit from open access to online exchange are the same people who determine the choices we make. We want them to have accountability to the users that are benefiting from our software, so that they will vote for upgrades that are in their interests rather than the interests of some sort of speculator or investor who might want to profit off of the exchange process. Okay, so we can see though from the Venn diagram at the beginning that we don't have a structure that really enables that accountability right now. We have tokens, very few of which are actually held by active users of the protocol who would then vote for things that are in their interests, for things that align with our organization's mission. So we have to have some means of persuading these users of the protocol to become ZRX owners, right? And it's not just going to work through exhortation. We could say, in order to preserve the centralized future, do your duty and buy some ZRX tokens and vote, participate in the voting process, right? But if a user is happy with the way the software works and he thinks that we're making good decisions or that other people are voting, then he doesn't really have any incentive personally to sort of bear this cost and responsibility. You can say, well, some other one else should vote. They'll vote for me. I'm happy. Why should I bother? It's too much trouble. The next person will say the same thing. Because of this free writing problem, this is not going to happen without some intervention that motivates people to do this. It has to be personally beneficial for individuals before we can expect that to happen. So what we see right now is that under our current system, the incentive structure encourages tokens to be owned by speculators. And does not really motivate users to buy the tokens. Voting rights are not enough. There's the free writing problem. They're not going to cause a transition in the ownership distribution. What we need is some way in which ZRX users can realize the material benefit from holding the token so that they can get something as a user from owning the token that's not available to anyone else. So Alice uses the protocol and holds a token and she can get a really nice benefit from that. Whereas Bob holds the token and because he's not a user, it's not beneficial to him. It doesn't have the same economic benefit attached to it, right? So we need to create that dynamic so as to encourage the Bob's of the world to sell their tokens to the Alice's who will be owner users, okay? And this is like, I think this is a critical part of governance that is kind of under recognized. That is, it's not just about the mechanisms we create that allow owners to influence or have voice in decisions. It's also about the identity of owners. The identity of owners matters quite a bit for what an organization will set out to achieve. It will set out to sort of represent the interest of its owners. So if we want to target a particular long term goal, we need to pick people as owners or encourage people to be owners whose interests align with what we want to do. We can't just sort of blindly assume that they will. We need to sort of introduce incentives that encourage that. So the first sort of part of this chain is token incentives. And we want to introduce systems that ZRX ownership provide specific benefits that are available to ZRX users, but not to someone who's simply a speculator or a third party who doesn't engage with the software, right? And then we expect that to influence the ownership distribution so that the non-users sell tokens to users who can derive a greater benefit from them, right? And then this feeds into our voting process. Whereas users come to hold a larger proportion of the tokens, they will vote for decisions and policies that are in their interest. And in particular, if we think go back to this, the users will prefer systems that offer specific benefits for them rather than for other outside groups. So this is self-sustaining. Once an organization sort of set on this path, the people, the incumbents who hold the tokens tend to vote for policies that sustain it because they benefit from them, right? So in thinking about the long-term trajectory of the organization, we want to sort of lay a foundation right now of owners whose interests align with our vision. Okay, so that leads to that, what do we mean by users, right? Who is a user of the protocol? Do we want everyone who ever interacted with the ZRX mark contracts to own? Does that make sense? Or do we need to be more specific about what is sort of a rational structure of ownership and voter participation? So the ZRX protocol has three main classes of users who might target for these types of incentives. The first are relayers, sort of host order book data. They host these offers to buy and sell assets. And the next is market makers. So market makers create these standing offers to buy and sell tokens. And then finally, at the bottom of the period, pyramid, there are retail traders who sort of are the final end customers. The customers who take advantage of the offers of market makers and the sort of data availability platforms of relayers. In looking at these three groups, they're not all necessarily equally sensible as people who might own and participate in voting. We need someone who, a group that has a strong enough interest, a strong enough economic interest in the protocol, that decision making is decisive for them. That decision can influence their welfare. That they feel powerfully impacted upon it enough with sufficient motivation to become well informed and then go through the hurdles of the voting process. We also need, besides that, a group whose interests align with the organization's mission to sort of enable online exchange in the public interest, rather than the interest of sort of maximizing private benefit. And so looking through these groups, relayers, they're building businesses in the protocol. But there's a little bit of ambiguity in their incentives or goals because these are mostly for-profit businesses and they might prefer that the protocol be run in a manner that maximizes their business income, rather than provides this public good of free and open access to online exchange. At the bottom, we have retail traders. They're certainly beneficiaries of free and open access to exchange, but at the same time, they're not likely to be motivated to sort of become informed or participate in governance because they're so large in number and because they can't sort of reap a personal benefit. And in the middle, we have market makers. And this is the group that we sort of identified as the most logical candidate owners. So why do we think that among our users, we should target market makers with incentives to own the token and vote with the token, as opposed to anyone else? Well, we believe that market makers, because of their line of business, they benefit from free and open access to venues to do business. Their business is to buy and sell token inventories and charge us small margins so that when they sell, they sell a slight premium. When they buy, they buy a slight discount. And the more volume they can do, the more easily they can make these offers, the more money they can earn. So from this perspective, market makers share our goal of ensuring that there's no sort of rent seeking intermediaries who extract fees in the exchange process so that they can have, say, peer to peer connections, make an offer to an end user directly rather than have to go through a platform which will levy a large fee on the exchange. So this market maker ownership addresses a problem that the market structure of exchanges. Exchanges have significant network economies that mean that as an exchange grows, as it hosts more and more liquidity, as it does more and more volume, the prices that exchange is able to offer to people fall. The market becomes more efficient, the more co-located liquidity you have in one place. And that gives these exchanges bargaining power. If they're big enough, they can offer these much better prices than anyone else. And they can begin to charge fees. They can begin to levy substantial fees in every single trade such that even though they're sort of extracting this cut, users are still better off going to the largest exchange rather than going to a much smaller one that doesn't demand any fees at all. So there's this sort of tendency towards monopoly or oligopoly market structure. And ownership matters a great deal here. So third party owners who have created the exchange for profit maximization without a direct participation, they prefer to set high fees that will maximize fee revenue, that will maximize the income for the exchange owner. Market maker owners, on the other hand, they're running a business on top of the process where the income they generate from this business is proportional to the amount of trade volume. The more trade volume is done, the more they can earn through this activity that's enabled by the exchange. So this group has an interest in much lower fees that maximize the revenue they get or the profit they get from this kind of business that's built on the platform. And that aligns with our goal of keeping fees low, keeping access to the exchange process free and open. And this is a powerful motivator. This isn't just one of the things that is very important to me in deciding upon this system as opposed to alternatives, is that there's a large, a very impressive historical precedent for this ownership form. So for the past 100 years, most equity exchange exchanges for most of this time, in say, Japan or New York or in London, most major equity exchanges have been organized as non-profits owned by market makers as sort of mutual organizations. So they don't sort of, the market makers vote on rules for trading and the exchange itself does not distribute profit to market makers, but instead just supports their business activity. And another thing that's really important is, okay, so it's thinking about whether market makers have a stake in this process, whether it's important enough for them to have a voice that they would be motivated to purchase XRX tokens and go through the hassle of voting. And our experience in market makers interact with us extensively, giving advice or recommending changes or making demands for how they want the software to operate to make it easier to do their business. And these market makers, they're making a bet on the protocol's long-term success and in order to learn how to market make on a dex, they're paying us a substantial upfront cost, and so they have a strong interest in ensuring this bet pays off by participating and working with us to build this kind of decentralized future. Okay, so, and I'm going to then, that sort of wraps up this discussion of what is our motivation, what is our vision for governance of the protocol? And I wanna talk about sort of the mechanics very briefly of staking and market maker incentives. So first we have like a maker, he creates an order, and then takers, whenever they take an order that is listed on a real error, they're gonna have to submit a fee in Ethereum, which is proportional or equal to the gas fee they're paying to the miner. So if you pay 15 cents to the miner, when you submit a transaction, you'll now be paying an additional 15 cents of Ethereum as a protocol fee, which is accumulated here, and ultimately these fees are gonna be distributed back to market makers, and then once we've collected all this revenue, we have to distribute it somehow, and this is where the staking process comes in. Here we have a market maker who's gonna receive a portion of the collected revenue, and the amount that he received is gonna be influenced by two things. One is the amount of trades that he does. So the more fees he collects by posting liquidity on order books, the more revenue he'll get, and the other is stake, the more stake that he owns or rents from a Xerox token holder, the more money he will collect, right? So he has this incentive then to either buy Xerox himself or rent it from a third party in order to maximize his rebate income, and then finally, this motivation of market makers to acquire stake that they don't own is going to mean that they'll have to pay an income stream to Xerox holders. Okay, so out of time, so I should stop there.


Okay. Hi, everyone. I'm really excited to be here with you today and talk a little bit about how to choose the right PM role for you. This is a conversation that I have with a lot of new PMs, aspiring PMs, PMs early in their career, and I'm excited to be able to share some of that knowledge with you here today. In terms of what we're going to cover today, first, I'm going to tell you a little bit about myself, so you have some context about who I am and where I'm coming from. Then I want to zoom out and talk a little bit about what exactly the PM job is to deconstruct some myths about it. Then I want to talk a little bit about some of the different factors that go into the PM job to help you conceptualize what are the different areas that you should be thinking about when selecting a PM job. Then finally, I want to leave you with some concrete questions that you can ask yourself when thinking about the next PM job for you. Let's get right into it. I'm Ani Mohan, and I spend most of my time today as co-founder and general manager of Game Snacks. We're building a new gaming platform for first-time internet users in countries like India and Indonesia and Nigeria and Mexico where users are coming online to the internet for the first time on primarily mobile devices, on flaky networks like 2G and 3G networks. The business is being incubated out of Google's new business incubator called Area 120. Prior to that, I was a product manager on a couple different teams at Google. Most recently, before Game Snacks, I was a product manager on the Google Chrome team where I was working in a very developer-facing role. We were building new APIs for the web platform. Prior to that, I was a PM on the Android team, which is a much more hardware-centric role where we're building new Android devices for users in India and Indonesia. I've had a few different experiences on my career, working on consumer products, developer products, hardware products. I've worked on multiple different team sizes as well, and I've worked with a bunch of different functions, engineering, design, legal partnerships, operations, and have you. I want to use some of those experiences to help highlight to you how the role varies in a bunch of different contexts. What I want to talk about next is a little bit about the PM role itself. As you all know, PM stands for Product Management, but I think the name Product Management is a bit of a misnomer for what the job actually is. Let's dive into that a little bit. First of all, when you're early in your PM career for the first few years, you're not a manager. You are unlikely to really have people reporting to you, most of the people that you work with, and even the folks who might be reporting to you over the course of your career end up being other PMs. Whereas in reality, I mean, you're working with folks from across the entire org, folks in engineering and design and partnerships and marketing and sales and so many different functions where folks don't actually report to you. That's one piece of it that I wanted to debunk because you're not officially a manager in large part, especially in the early days of your career. Secondarily, you don't actually in practice spend as much time to keep out the core product as you might think you might. Often when people first discover the PM role, they think they spend a lot of their time on whiteboards with engineers and designers coming up with new product features and envisioning what the next great product will look like. While that's certainly part of the role that's only a very small piece of it. I actually think both parts of the job's name, product management are both a bit of a misnomer. Ultimately, what the PM job really is is about influencing people to build the right things for the company. I really want to highlight the people part of this job. The PM role at the end of the day is a highly people-centric job and it's a job where you need to constantly influence people. You might not have official authority over in order to ultimately build the right things for the company. With that in mind, with that framing of what the PM role is like, what are some of the different ways that the day-to-day job could be impacted? I like to pose this question as thinking about, what are the key factors that actually matter when taking a new PM job? There's three in particular that I want to talk about today. Here they are. The first, the lifecycle of the product. Where in the project trajectory, where in the lifecycle of all the different stages of a product that a product could be in, is your team operating in that has a very big impact on the types of activities and the types of jobs that you actually perform in the PM role. Second is the team size, just very simply, how many total people are you working with? Then third are the functional stakeholders. Who are the types of people that you're actually interacting with and what parts of the company's functions are they coming from? We'll dive into each of these in a little bit more depth. Let's start with the product lifecycle. Now, I think the way to think about this is, there's many different stages that a product could be in over its lifecycle. In the very early days, it just starts with an idea. Most of the work in those days is around actually getting support for that idea, and getting funding for that idea within the company. Are the executives on board with it? Once they are, are they actually willing to put headcount and dollars behind that idea? That's the first stage, the funding stage. The second is once you actually have the idea funded, you have support from the executives, you have headcount that's available, you have dollars available for you to spend towards the product, actually building the team. How do you get people to actually get excited enough to want to work on it? Then after that, it's about finding product market fit. You have funding, you have the people in place, but do you actually have a product that end users want to use? I think this is the part of the PM job that a lot of people think about, that involves a lot of the core product work. But as you can see here, it's only one small piece of the overall puzzle of where a product might be in its lifecycle. After product market fit, a lot of the effort tends to be around growth. It might start with focusing on actually growing the user base or the customer base. Then finally, growing the actual revenue. How do you convert all of that user growth and that great product that you built into revenue for the business to ultimately drive the business forward? Because that's what your job is at the end of the day. That's what I think about the different stages that a product might be in, and what I call the product lifecycle. Based on where your project is in this lifecycle, the types of activities that you're doing might look very different. In the early days, when you're focused on actually getting your idea funded, a lot of your job is going to actually involve storytelling and pitching. When I started working on GameSax three years ago, I would spend 50 percent, it's about more of my time, putting together a vision of what GameSax could be, why is building a new gaming platform actually compelling for Google and spending time with people across the company from many different parts of it to get support for it, to get excitement for it. A lot of that time is spent, like I said, storytelling and really thinking about what the product might be and why it might be compelling to different parts of the company. Then once the idea is actually funded and you're starting to build a team, a lot of your time is going to be spent recruiting. It's interesting because a lot of the recruiting activities actually share a lot in common with the pitching activities. It's still very much about getting people excited about what you're doing, that storytelling, that painting a vision for what's possible if people work with you, but the audience that you're focused on is very different. In the early days, you're probably focused on bringing engineers and designers on board to want to work with you and your engineering counterpart to choose to work on this project over all the different things they could be doing. But if you're excited about trying to get other people on board to actually work with you, then this is a great stage of a project to want to join, to really focus on those recruiting activities. Then once you actually have the funding and the team in place, and you're focused more on the core product development work, the types of activities that you start doing end up shifting again and tends to involve a lot of qualitative analysis. In the early days of a product when it's not very clear who the customer segment might be and who exactly it's being built for, a lot of the work might be spent, and a lot of the time might be spent actually talking to users to brainstorming different versions of the product and building prototypes of them, working with designers to build different types of mocks that envision different ways that the products could live and actually putting those in front of people, getting their feedback, really listening to them. And so if you're someone who really cares a lot about spending time with end customers and hearing from them in customer interviews and user research sessions, this is a great part of the product lifecycle to be focusing on. And then finally, if you're more focused on the growth parts of the product, so if you're focused on growing users or growing revenue, a lot of the work tends to be more quantitative and analytical in nature. You start thinking about scale, and once you operate at a certain level of scale, you can no longer rely on these types of qualitative signals to really tell you if you're going in the right direction. You're probably spending a lot of your time working with analysts, diving through data, maybe writing SQL queries, and maybe digging through Google Analytics or Mixpanel to see how users are actually using your product to develop quantitative arguments and refine kind of your quantitative sense for why the product is working. So clearly you can see as you're in different stages of the product, the headspace that you're in and the types of activities that you're doing vary a lot. It sort of roughly evolves from more storytelling, which is what it looks like in the early days, to qualitative analysis, to then quantitative analysis. And different people are interested in different parts of this. And so I would think a lot about sort of which types of activities resonate the most with you and how you can find a product in the appropriate stage of the product lifecycle so that you can maximize the chance that you're doing that. So that's the first factor, the product lifecycle. Now, let's talk about the team size. The actual number of people that you're working with on a day-to-day, week-to-week, month-to-month basis very much changes, again, the types of activities that you're doing. And so there's a very simple way of conceptualizing this. This is literally what is the total number of people that you're working with. It could be as few as two. Again, when I started working on GameSax, it was just myself and my co-founder. I came from a product background. My co-founder came from an engineering background. It was just the two of us in a room for three or four months. And then as the team has grown, we're now seven people. We're much closer to that five to 10 bucket and the nature of the team has changed quite a bit. And the types of activities that I find myself doing has changed quite a bit as well. And then of course, teams can be much bigger, especially in larger companies. You might be working with 10 people, 20 people, 50 people. Think back to my Android PM days when I would work with teams of 50 or more people from all around the world across a bunch of different functions. It's funny over the course of my career, I feel like I've progressively gone towards smaller teams, but it's not always the case. People can go in other directions and the types of activities that you do, again, change quite a bit. And let's make this a little bit concrete. What do I mean by that? When teams are sort of in the smaller stage, two to five, again, you spend a lot of your time kind of doing storytelling, pitching style activities. Because a big part of what you're trying to do is gain support within the organization for more people wanting to come and join you so that you can actually turn your vision into reality. Depending on what type of environment you're in, beyond pitching, you might spend your time doing a lot of actual building as well. When it was just myself and my co-founder in the early days of Game Snacks, I was actually writing code. I'm not a formal engineer. Kind of, I studied engineering in school. I hadn't worked professionally as an engineer, but I had to do whatever it took to get the product off the ground. And in that case, it actually ended up involving writing code and making mocks and building the product. And so if you like actually getting your hands dirty and doing a lot of the IC work, if you like actually doing the end building and you like sort of pitching, then operating at this stage of the team size, where it's relatively small, two to five people can be a great place to focus on. Then as the team starts growing a little bit, let's say you are five to 10 people in which case maybe your team of yourself is the product manager, maybe one or two designers and maybe seven or eight engineers, you have a lot of different things that you could be working on. And a big part of your job as a PM is to actually think about how do you make sure that the team is working on the right product at the right time and is moving in the right direction? You can't rely as much on ad hoc communication. And so this is where a lot of the job ends up becoming, writing product requirement stocks, PRDs, which is the canonical artifact of the PM job, where you spend a lot of your time thinking about how the actual product works and how you can articulate it in a way that builds consensus and gets everyone on board across the design and engineering functions to understand what the purpose of the product is. So if you like really thinking about what the core product does and how it works, then spending your time sort of focused on writing product requirements docs would make a lot of sense. And this team size is a great sweet spot to focus on where you'd be doing a lot of that type of work. Then as the team starts scaling a little bit larger to let's say the 10 to 20 range, now you might be thinking about multiple engineering teams, maybe two or three engineering teams, each of which has five or six people, maybe two or three different designers for each of those projects. A lot of your work then evolves from thinking specifically about the product to more project management sort of work. How do you make sure that all 20 people are on the same page and have a sense of what the most important parts of the project are and are aware of things like status and are aware of things like dependencies across other teams. Communication then becomes a bottleneck to make sure that everyone is just aware of what's happening. So if you're someone who cares a lot and gets a lot of energy from building process and structure on your team and making sure that the ship is moving on time, that things are being executed on time, that this is a great, great type of work for you to be doing as project management start work. And I'd say teams that are roughly between 10 to 20 people really benefit from PMs who are very strong at this type of work. And that's something for you to consider. And then finally, when you start thinking about teams that are much larger, 50 plus people, which is something you'll really find only in the largest of companies, then what matters a lot more is you being able to navigate cross-team dynamics. So how do you think about what the purpose of your team is within the larger company and how might the incentives of what your team trying to accomplish, how might that align or not align with other teams' incentives? You need to be sort of very carefully attuned to why the different parts of the company exist. How it is that their projects are prioritized and how you could think about how your projects might ultimately fit into this larger puzzle. And so you'll notice a lot of this work might not actually involve thinking day-to-day about how the core product actually works. It's a lot more about thinking about sort of the organizational complexity of the broader environment that you fit in, even though your job title is still product manager at the end of the day. And so that's always the thing that I marvel at when I think about a graphic like this is the actual job title that you have, whether you're a two-person team or a 50-person team is product manager, but you can see here that the actual work and activities that you do very considerably at different stages. When I would spend my time on the Android team, I would spend a ton of time navigating these types of cross-team dynamics and thinking about how our team would work with the Chrome team, how we would work with the Play team, how we would work with different functions, marketing, operations, a lot of my time doing that. And so it's a valuable skill and something that can be very important to the organization, but it's very different from core product work. So it's just important for you to keep that in mind. And then the third thing I wanted to talk about, thinking very much impact PM role are the functional stakeholders that you work with. So who are the different categories of people within the company who you spend a lot of time and a lot of effort with on a day-to-day basis? Most PMs, when they think about the PM role, they're primarily thinking about these two functions, engineering and design, maybe the folks who are actually building the product, the engineering function, and the folks who are envisioning what it looks like and feels like the design function. And those are certainly two very key functions that PMs work with. But the reality is, I mean, within more organizations, it's a lot more complex than that. Even within engineering, there's obviously different flavors of engineering. And at a rough first pass, the one way to think about it is front-end engineers versus back-end engineers. But there's also all sorts of other functions as well, partnerships, sales, marketing, legal operations, a bunch that I've left out here. And different PMs get energy and excitement from spending their time working with different functions. And I think an important thing to consider what are the functions that you want to spend your time primarily working with? One way that I think about that is roughly segmenting it into different industry sectors. Obviously, this is quite simplistic, but I think it's illustrative to help you think about how different functions fit into different types of companies. And companies that belong to different types of sectors might primarily involve working with different types of functions. So for example, if you're working at a media company and building a media business, like we're doing with Game Snacks, we're building a gaming business, a lot of your time is probably gonna be spent around thinking about how consumers actually interact with the media, which is a very design-oriented way of thinking, but also partnerships. How are you actually gonna get the content out on your platform? What is the relationship the content provider's gonna look like? And so a lot of your time, if you get excited about working with designers and partnerships folks, maybe you should consider working at a media business or a media product. Contrast that with something like a crypto company. If you are trying to build a new crypto protocol or work at a crypto exchange, then you might be spending a lot of your time thinking about how the actual blockchain works. And a lot of that might involve working with backend engineers, but also spending time working with a function of the legal department to make sure that what you're doing is compliant in different states and countries that you might be launching your product in. You can see here the types of functions that you work with are clearly quite different from where you might be working if you work in a media company, even though that might not be obvious when you initially think about sort of how a crypto company's day-to-day work might differ as a PM from the media company's day-to-day work. You know, I could keep going. You know, if you go to a SaaS company where you're trying to sell software into a larger enterprise, you'll probably be spending a lot of your time with the sales function. They might be actually the most critical functional counterpart for you because they're the ones spending a ton of time with the core customers that you're gonna be selling to. And so do you enjoy that? Do you get energy working with sales folks? And do you enjoy that the way that they think? If so, I mean, working at a SaaS company is a great choice for you. And then finally, maybe you get excited about sort of the operational parts of building a business, making sure that things are moving on time, making sure that, you know, you're able to construct a very high quality, heavily detailed, long-term plan that are excited about executing towards that. If so, I mean, consider working at a hard work company where it lives and dies by these types of operational efficiency. A company like Apple is known for that. It's a very different type of skill set and a very different type of functional expertise from a media company. And so I think it's very important for PMs to be aware when they're taking new PM jobs of what functions it is that they wanna be working with. And so that's in a nutshell, I think three kind of simple ways to think about how the PM role varies by different types of environments. You know, where in the product lifecycle are you when you're joining a new team? How large is that team? And what are the types of functions that you're gonna be interacting with and working with when you join that team? So what I've tried to do is distill a bunch of those into simple questions that you can ask yourself as you're exploring the next PM role for you and potentially in the final stages of an interview for a new PM role. The first is just how well funded is this product?  Cause this will give you a hint as to where in the product lifecycle you are. Is it the case that it's just an idea that's sitting around in a bunch of different pitch decks? Is it the case that executives that have sponsored it and are willing to allocate a certain amount of headcount towards the product over the next year? Is there also operational sort of dollars behind it? Having a good sense of how well funded it is will give you a proxy for where in the product lifecycle the product sets. Second, how many different people are you actually gonna be meeting with on a week to week basis? Is it one other person? I mean, that's what it was for me with game snacks in the early days. Is it seven other people? That's what it tends to be now. You know, I meet with a ton of folks across the company but most of my time is spent with the seven people on my team. Is it 50 different people? You should be able to get a pulse of this even before you join. And you might be surprised by how dramatically your day-to-day changes based on the answer to this question. And then finally, just very concretely, who are the top three stakeholders for the success of your project? Is it the VP of sales and the VP of engineer? Is it the VP of partnerships and the VP of marketing? Is it the VP of product and the VP of legal? You can try to get clarity on this even before you start the job and take the next role and this will give you a rough sense of what functions you're gonna be spending most of your time interacting with. So I hope this was helpful and gives you kind of an alternate way of thinking about how to approach the PM job with the perspective that it's ultimately a people-centric job and that product and thinking about product is just one part of the many different things you can be doing in the job. If you have any questions or feedback about what I said or even if you disagree about something that I said or disagree with the framing, I would love to hear from you. Please reach out by Twitter's right there, Ani underscore C underscore Mohan. You can find me on LinkedIn as well. But thank you for listening and watching and looking forward to being in touch. Thank you.


influence from mere association. Now we already know that habits are based off rewards. You buy a particular shampoo because you like the way it makes your hair feel or the effects it has on your hair. You buy a particular type of car tire because you like the way it drives on your car. You sit in a particular position during lunchtime because you like the way that position feels. We do things based off rewards. If you have read the book The Power of Habit you understand about the habit cycle but that's for another discussion. Now influence from mere association is pretty much how we can be influenced by previous events or our previous understandings of certain things, our interpretations. What we associate with the event is how we're going to react to it. Think of Coca-Cola ads. When they make the advertisements they make sure that the scene is almost surreal. It's happier than real life. Everyone's happy. It's sunny. It's really optimistic. You will never see a coke ad whether we're talking about the death of someone or a grim event that's happened. It just doesn't happen because the association for Coca-Cola is happiness and joy and they're trying to trigger that part of our brain that associates things and influences us when they make these advertisements. Now the problem with this influence for me association is that we can get tricked from it. We can start to think that because a certain thing was the way it was before it's going to be like that in the present moment. That's why you can get someone going to the same casino going to the same machine and using that machine for years not end. What generally happens is at some point that person will want some money on that machine, that particular machine. Now this person get influenced by that event and from here on out they will be going to the same machine thinking that the same results will happen again. They will keep gambling thinking that perhaps they'll get lucky again because they got lucky previously. Now to avoid getting tricked by this logic is you need to really critically analyze your past successes and try to decipher if the success was due to you, like probability or certain circumstances in the environment. You need to get some clarity in that respect and then you need to look at the current situation and try and decipher if things are different, if different outcomes are there that were not there beforehand. Now this influence for me association also caused a lot of trouble for messengers back in the day back during the Persian Empire. Messengers that brought back bad news will generally get killed because the person receiving the news will be associate the messenger with the bad news. It's not logical or rational but this is just the way that the brain works and they will take out the problems on that person. Think of when you have been angry previously.  Everything little thing they would have done would have infuriated you and also caused your anger. You associated them with some other influence that made you angry. The problem with this influence from me association tendency is that it is what is the creator of stereotypes. If you have seen someone who gave a particular type of way previously, let's say perhaps a Mexican or a black person or Asian person or a white person, it is the stereotyping that forces you to start putting that image on other people that might be Mexican, black or Asian. You might wrongly assume that they're going to behave the same way that the first person you met behaved. Now this obviously can cause great troubles as it blinds you to the reality of the world if you're basing everything on stereotypes. As we are always talking about the world as dynamic, it's not static. There are many influences and many things happening. You cannot predict things based on prior events. Things are always changing. So you need to really look out for this influence from me or association. Peace.


How did the beauty and the beast lyrics go again? Oh yes, a tale as old as time. For years, this Walt Disney classic has been teaching young people that you can find somebody broken, get with them, and through your love and devotion, you can change them and find the amazing person that's inside. But how true is this? Using a more modern reference, kind of, but not really, let's look at She's All That, this story of a young Freddie Prince Jr., who's the job big man on campus, and he takes a bet to turn young Rachel Lee Cook, this little nerdy girl, into the prom queen. But through this experience, he turns into this amazing, good-hearted man who falls in love with Rachel Lee Cook. But the reality is, is that this doesn't happen, and usually it happens a little more like this. So in this video, we're going to talk about why you need to quit dating broken people. What's up, everybody? This is Chris from the Rewired Soul, where we talk about the problem, but focus on the solution. And if you are new here, my channel is all about helping people who struggle with mental or emotional difficulties. I also do some stuff on addiction recovery. But today we are talking about why you, yes, you, need to quit dating broken people. Much like I said in the intro, this is something that so many people do. And it's something that we've kind of been trained to believe we can do since we were very, very young. I use examples of Beauty and the Beast and She's All That, but fun fact about Chris, I actually am a huge fan of romantic comedies. I just am, don't know why. But anyways, growing up, I was watching these movies or TV shows about how you can date somebody and you can change them. And the reality is, is that a lot of times we can't. What you need to realize is people are very set in their ways. Now, this is somewhat contradictory to other videos I've done about neuroplasticity. We all have the ability to change, but getting somebody to change on their own is one of the most difficult things that you can do. And what happens is we end up getting into a lot of very, very toxic relationships. We find somebody who's broken and I think on a subconscious level, we think that we're going to get this huge achievement in relationships when we date the bad boy or the broken girl and we loved them so much that they ended up turning into what the beast turned into, this amazing prince charming. But that often doesn't happen. And the problem is, and you might be able to relate to this, we stay in these relationships way past their expiration date. We stick around and we're like, no, no, no, no. Once they change, I know everything will be fine. And the law that we tell ourselves is that we cling on to these very small, very minuscule instances where this person did something kind or they did something for us. They did something that was very out of character. And we cling to this idea of if they could just do that more, then they would be the perfect person. But the problem is a lot of times that doesn't happen. Now, I know I'm going to get a lot of backlash for this video and I will be making a follow up video for this. So please make sure that you subscribe and hit the notification bell because there's a lot of broken people out there probably wondering like, Chris, you're saying that I'm broken and I shouldn't date anybody. That's not what I'm saying. What I'm saying is it is not your responsibility to fix anybody.  A lot of it stemmed from my childhood on a psychological level.  I could never fix her. So I was always trying to look for women that I could fix. But in order to fix something, you have to find something that's broken. The problem was I spent years and years and years dating people who had emotional baggage, mental health issues, childhood trauma. And I was going to be the one who saved them and showed them that some men are good and not everybody out there is terrible and I can help fix you. But the problem was that I dated these women for so long that eventually it took its toll on my own mental and emotional well-being. The problem with this too is that we purposely date these people who are broken thinking that we can fix them and then we don't eventually, maybe it happens in a few months. But most of the time it takes a year or two years of us just being drugged through the mud before we finally end things whether it's from them or it's from us. And then we start getting into that self-pity mindset. We start thinking, oh, I'm never going to find love or all men or all women are just terrible and why can't I just find the right person? The reality is that we're never going to find the right person if we keep looking for a fixer-upper. I know that there's a lot of very good, well-natured people out there and you find that it's your duty to fix people who need help. But this isn't your responsibility. And take it from me. The whole reason I made this YouTube channel or the reason I work at a drug and alcohol treatment center that also specializes in mental illness is because I love helping people and helping them overcome their difficulties. But this is a job that I am paid to do. When it comes to my emotional and my personal life, that's not something that I have the energy or the emotional capacity to do on a regular basis. And the reality is a lot of you don't either. But sometimes what we do is we lie to ourselves. We say, I can deal with this. I can tolerate this. I can work with this. And typically we can during that honeymoon phase, the first month or two months, we're like, oh, she just has some quirks.  But it's just cute. Things like that.  And at first it's kind of fun. It's a little exciting and things like that. But after a couple months when that honeymoon phase is over, when the dopamine isn't firing as much as in your brain, you start becoming miserable, because this person is not changing. This is something I try to teach people all the time. Like don't make it your job in relationships to find people you have to fix.   That's where you can get your fixer upper your energy out. It's not meant to be with people. So I am in the healthiest relationship I've ever been in with my wonderful girlfriend. We're coming up on a year together. And she's one of the first women that I've dated where she didn't need any work. She was just fine the way she was. And I talked about this a little bit ago in a video I did a few months ago. So make sure that you're checking out the info card. The video was titled like why I love crazy women. And I used to have this idea that women who had their stuff together, they were boring. And I needed somebody more feisty and stuff like that. But the reality was, was the more I chased these types of women, the more problems I was having and the more emotional and mental issues I was having, it made me turn to drugs and alcohol even more. So now, you know, I'm with somebody who doesn't need any work. And that's fine. That's okay. But we really need to start looking at ourselves and saying, why am I chasing these people who need to be fixed? As I mentioned, make sure you subscribe to my channel if you haven't yet hit that little notification bell, because I'm not saying that broken people are going to stay broken forever. I'm not saying that at all. But you have to realize that they are not in a mental or emotional state to date anybody. They cannot give you what you need. You need love, you need affection, you need attention. You need all of these things. And when you're constantly giving it and not receiving it, you start building resentments towards this person. We all have almost like a fuel tank of how much we can deal with. And it's completely full in the beginning. That's why a lot of us get into these bad relationships with broken people because we think we can handle it. When that fuel tank is completely filled, it's easy. But after months, years of going through this is draining and draining and draining. And now you're just stuck in this relationship. So if you have found out that you are someone who also dates broken people, I highly recommend that you start working on yourself. You start analyzing yourself through some of the methods that I've presented on the other videos on this channel, analyze yourself, say, where does this need to fix people come from? Like I mentioned, mine came from being the son of an alcoholic mother. Yours might come from somewhere else. A lot of ways to do this is through therapy, through meditation, through 12 step programs, whatever it is, you have to get down to that underlying issue. Something I will be making future videos on is codependency. A lot of people have codependency, but codependency is on this spectrum. So while you may not be on the severe end of it, you may have some of those traits that makes you hunt out and seek these people who need to be fixed because you find these people so you feel needed. If you feel needed that you have to provide for them, whether it's financially, mentally, emotionally, whatever it is, that's an issue. So I really want you to take a step back and look at this and ask yourself, why am I dating broken people? Why do I keep looking for this type of person? Once you can start realizing that and figuring that thing out, you'll start to notice that your relationships get a whole lot better. But anyways, I hope this video helped you out. I hope it gives you some clarity. If you liked it, please give it a thumbs up. And if you are new here, I'll say it once again, hit the little subscribe button right below this box right here because I'm always making videos to help you with your mental and emotional well-being. Also, be sure to click or tap on one of those thumbnails. Check out some of the other awesome videos on this channel. Thanks for watching. I'll see you next time.


Hi everyone, Joe for jaspyscasebrakes.com and other wax party break coming at you. This is a little mixer right here We've got hip parade baseball and Four box of 2021 spectra baseball as well. That's a pretty fun break So this is hip parade this limited autograph limited edition Series nine if you're if you're keeping track of the series There it is right there series nine Big thanks to this group for making it happen Thanks to the people who bought spots straight up Congrats again to the winners just Carl and David, but congrats to the winners in that tops chrome Jumbo pack that filler all 30 baseball teams are in and Let's roll it and randomize it six and a one seven times or names and teams one two three four five six and one seventh and final time After seven we've got Carl's last spot mojo on top and one of his filler winning spots a couple of them on the bottom Six and a one seven times for the teams one two three four five six and Once more seventh and final time We got the buckos Down to the rays All right, Carl with a bunch of teams here pirates braves mariners Padres red socks and my Dodgers David with the twins Nathan with the Guardian Scott with the Marlins David with the Rockies Ryan with the Tigers Carl Phillies Nationals Blue Jays Angels Cardinals Cubs Chris Butler Brewers and Mets Eric with the Rangers Carl with the Orioles Brock with the Reds Eric with the Yankees Carl with the Diamondbacks Barry with the White Sox Carl with the Stroze Ed P with the Giants David with the A's and Carl with the Royals and Rays So we're gonna open up the trade window. That's we're gonna advertise this by team We're gonna pause the video for a little bit when we come back We're gonna see if there's any trades then we'll have the break. So stick around be right back All right, welcome back everyone a little spicy here. We got a three for one deal So David is out of the Rockies twins and a spot and Offered a three for one deal to Carl for the Padres So Carl is gonna get the Rockies the twins and the A's We'll put a little T there for trade and Dave's gonna give up those three And get into that Padres spot right there All right, so there we go TWC trade window closed And let's print and rip and let's see how this trade works out very interesting spicy getting a little spicy here on a Sunday night Let's see what happens. All right, so here it is hot off the presses It's official once it's print out it's official here on Sunday. Thanks for spending a bit of your Sunday night with us on a Memorial Day weekend. All right, let's pop open these boxes here and then We'll do obviously we'll do the hip parade last Should I put a T next to their name and see if one of those wins a wax party spot? Wait David, you don't know but oh no There's a there's a wax party promo happening here. We're giving away a case of NT football Details are on the site jaspyscasebreaks.com. There is a Brent Honeywell Alec Bum one-of-one That's awesome Phillies. That's gonna be for Carl. Carl All aboard the Big Hit Express Here's Alex Kearlaw for Carl and the twins Rookie aura die cut to 25 and a Leody Tavares to 75 It was actually swinging the bat pretty well. I got him on my fantasy team All right behind Joey Gallo is a Rising rookie Dalton Jeffries for the A's it's gonna be for Carl and the A's Got the A's in that trade 49 out of 75 And then behind Joey Gallo is Brandon Lau nice That'll be for the raise also for Carl 70 out of 99 Joey Gallo for the Rangers that's for Eric Klicks to 50 This right here. We got Ricky Henderson A's epic legends piece of the lumber Three out of ten nice little number on that one Carl Got the A's in the trade and then we got a Ryan Weathers nice RPA a little got the bit of the Padres pinstripe and the autograph and that's where David on the other side of the trade 78 out of 99 We got a long ways to go David play to the whistle long ways to go and here's Here is Charlie Blackman die cut to 25 We got a fireworks fabric Steven Piscotti for the A's 14 out of 25 And we've got a Tristan Mackenzie Rookie jersey and autograph for the Guardians and it'll be for Nathan Cleveland. This is for you To 199 and there's Trey Mancini Not numbered but Parallel obviously All right Have Denilson LeMent 61 out of 75 Brilliance relic for David in the Padres There's a redemption. This is 2021 Spectra he's expired by now. Here's Anthony Rendon To 40 all right, we got spectro rookie Jersey autographs That's gonna be Dazz Cameron Well, you got into it. It's March 29th of this year, but You'll probably still redeem that Dazz Cameron is a tiger. I believe He'd be a tiger in this check.  I'll still go through Dazz Cameron supposed to be Supposed to be pretty good, right? He was part of that Part of that verlander deal Back in 2017 Yeah astros originally All right, we got another redemption and the this car the bottom not a redemption. It's just a thin car There's a redemption behind that Mike trial pile All right Garrett crochet die cut to 45 Kyle Isbell to 30 out bone rookie aura to 75 and Davey Garcia for the Yankees to 35 Good memory on that David Dazz Cameron being an astro Maybe he's not maybe he's not doing as well He was uh He was claimed off of waivers by the Orioles in November of 2022 So maybe not. Well, I think he's been battling through some injuries. That's been a bit of an issue, but All right, we got a dual relic dynamic duo's leotite to Varis and Sam Huff That dual relic going to Eric and the Rangers And then we've got a nick nighter Three-color patch and autograph for the fish Scott with the Miami Marlins 25 out of 49 on that one. It's Nolan. There are not out of 50. All right. We got epic legends Pudge Ivan Rodriguez another one for Eric. That is 40 out of 75 and Sixto Sanchez Nice jersey and auto there for the fish Miami. That's gonna go to Scott It's an RPA 127 out of 199. All right, there's Yammer Candelario brilliance rally to 75 for Ryan and the Tigers and behind trout We got radiant rookie Jersey autographs hyper card number two. That is That's Christian Pache Who was a brave in 2021? I'm on my fantasy team for a number for a couple of years or so Just thinking that he might might get a little Get that a speed power combo going, but I don't know if it ever really worked out fireworks fabric Joey Bart Carl has the ATL and Ed Pete has the Giants gets the Joey Bart relic and then behind George Springer is Riley Greene aspiring autograph He's actually legit good right Riley Greene a bit of a more highly touted prospect than Dazz Cameron Yeah, he's he's got a one-six war so far this season 292 average Five home runs. It's pretty good It's not not too shabby What's where we add on some of the other stats here at 27 RBIs Nine doubles so far this season couple triples. It's pretty good nice Riley Greene for Ryan and the Tigers 75 Yeah, I think I have a different green guy. I think hundred greens having a nice season two. No Remember this part in Godfather 2 where Kate tells Michael that it was an abortion. He is not pleased All right, Brent Honeywell, Eloy Jimenez Reese Hoskins and Lorenzo Cain. All right behind Joe Adele dual relic dual autographs. Oh One happy person one sad person this Nick Madrigal white socks edition and Jamai Jones for Baltimore Unless Carl has both teams No, Barry has the white socks Carl has the Orioles. That's a randomizer at the end. I'll do that the end Then we got a Jared Oliva rising rookie three-color dual relic Pirates it's gonna be for Carl last Bob Mojo 3 out of 20 Got a another dual relic dual auto Wow another one happy person one sad person That's for the Rangers cohe Arihara and six O'Sanchez on the bottom That's a randomizer between Scott and the Marlins and Eric and the Rangers and we got Zach v next era three-color patch 11 out of 25 one of the up-and-coming prospects for the for the rocks We got a building blocks triple relic Daniel Johnson for the Guardians Cleveland.  Hey, so Sanchez So Cardinals that's Carl and the Cardinals and the Marlins Scott You're in on another randomizer and another one Wow another Dylan Carson and Jesus Sanchez are these different numbers or they this Now there's no numbers on this. So this was the first one I pulled We'll call this one a We'll call this one B Yeah for all yeah, should I send them back? obviously a mistake and Then there's Daniel Johnson building blocks for Cleveland. That's gonna be for Nathan. That's right. I think we'll hang on to him Alright fourth and final 2021 spectra baseball box And then we'll get into that hip parade Redemption down there Got a Sam Huff gold to 10 Ian Anderson rookie aura and Ryan Weathers to 50 for the Padres Get this redemption out of the way first We've got a Jorge Mateo for the Padres. That's for David on the other side of that tray 40 out of 75 behind Nelson Cruz spectra rookie Jersey autographs card 108 of T a Tariq Tariq scoobal Yes, Tariq scoobal Detroit Detroit pretty sure he was Detroit in 2021 He's still a tiger. He's not he's not having a bad season here He's seven and eight, but he's got a 352 era. It's not horrible You know 117 strikeouts over 117 innings about a strikeout in inning It's not bad. He's got to cut down those homers though Nine homers already walk rates a little high about 2.45 walks per game, but not bad It's gonna go to Ryan and the Tigers That's out of 15 on that die cut Nelson Cruz twins edition and we've got rising rookie Zach McKinstree dual relic for the Dodgers Carl in the Dodgers two out of 15 And that Kyle Lewis 24 out 25 astrological signs Jersey and auto what sign do you think Kyle Lewis is? It'll be Carl and the Mariners 24 out 25 doesn't say Kyle Lewis it was born in on April or not check that July 13th, what's July 13? What sign is that Jason Dominguez 21 out of 25 Hmm Rex defending his Cubs pitchers One thing I hate about wins and losses that they don't always show a well a pitcher is doing true Jason Dominguez for the Yankees Eric And we got a Ryan Mountcastle rookie Jersey and auto nice Kyle Lewis a cancer July 13th cancer Carl with the Orioles 126 out of 199 And the Byron bucks and die cut to the twins to 45 and up top here We got a max impact loyalty to Varys 48 out of 50 piece of his jersey for Eric and the Rangers Just just the bullpen Rex Justin Steele and Marcus Drowman have actually been a good one to punch Brent Rooker twins RPA going to Carl. Yeah, exactly Rex. I saw an article in the athletic lamenting Just how poor The Cubs have been in that they should be buyers They should be buyers this midseason. Hopefully that Team will actually spend some some kind of money. All right hit pray time and then we'll do those happy times sad times randomizers Wow Chad, what if Kyle Lewis was listening right now? I'd be like, sorry, mr. Lewis if there was a sign For a torn ACL That's what Kyle Lewis if you'd be Kyle Lewis That would be the sign All right, we got a graded car to lead things off at 8 5 10 8 5 10 Wow Barry bonds And I feel like you just don't see a lot of Barry bonds pop and even in hit parade stuff 2002 Fleer genuine ink Barry bonds Centering is a 10 edges and corners are an 8 5 the surface is a 9 his autos a 10 82 out of 150 Giants That's gonna be for ed P and the Giants.  You got to trade that guy. I Mean steel you might not I think he's still pretty young. You got Vlad Guerrero, Jr 6 out of 49 from select baseball. That's gonna be It's gonna be for Carl in Seattle. Oh, that's right Chad cuz cuz money makes Makes a makes everyone happy Kyle is still a person Chad Just cuz he has money doesn't mean he's happy or impervious to your insults and Making his his injuries Point of amusement for you. There's Nolan Aronato 24 by 25 from diamond icons autograph Rockies Carl with the Rockies Rockies edition of Nolan Aronato Kyle was still a human last I checked Actually, Kyle Lewis probably should feel lucky, right? Yeah, you can tear my ACL three times to give me five million dollars Although not if you know your earning potential could be many times that You didn't suffer those injuries.  Hey, you're on Alvarez rookie autograph 175 out of 199 from a tribute baseball That'll be for Carl and the Strobes Yes Chad is a Yeah, fan of the Seattle Mariner sometimes He's a Seattle's Mariners fan and A since a bangles fan. All right, and we got tools of the trade Jersey and autograph, but also some ink on that Jersey That's uh, is that Andrew Jones? Yeah, that's Andrew Jones Drew Jones is dead Everyone knows that That's a one-of-one Carl with the Braves Carl all aboard the big-head Express Although funnily funnily enough Funnily enough Chad Chad buys or Chad will will only complain about his teams when they're doing bad. I Have to note seeing when they're doing well When they're doing bad There's the crone zone Jake Cronworth 217 out of 300 rookie auto for the Padres David with the Padres Got the Padres in the trade Yeah, that's a good promo. Yeah Rex told me about that earlier today Chad Alaska Airlines doing a little promo where the section of the seat or the seat section where Julio Jones Julio Jones Julio Rodriguez Launches a Homer that entire section gets a free ticket To somewhere there speaking of the Mariners. There's Jared Kalanek 111 out of 199 Carl with the Mariners Think he's kind of He's hidden the ball pretty well lately. Here's Brandon Marsh Rookie autograph. This is Angels edition of Brandon Marsh Carl with the Angels because Carl's is a Philly so Works out. All right a couple more to go and then some randomizers We have a Danesby Swanson 11 out of 20 That's what years that's from 2017 flawless baseball. He'd be a brave on this checklist That's gonna go to Carl and the Braves Although Carl has the Cubs as well. Wow. I can't believe I'm seeing These comments Chad Kalanek is my boy got his city connect Jersey this year Weren't you just railing on Jared Kalanek? It just says recently as this offseason. I Feel like you were not happy with Jared Jared Kalanek and now he's your guy just like that. All right next is Yes, Carl Yastremsky It's pretty nice That's for Carl and the Red Sox Mmm, I don't know. I feel like I we have to dig through the archives to see if that's true Chad I I gotta talk to Jason too. He's sometimes he has a better memory than I do I feel like No, I don't remember Jimmy or Danny railing on Jared Kalanek They just they just quietly suffer You're you're a lot more vocal about uh about your displeasure with a lot of players I might have to call in my expert witnesses my character witnesses Jimmy and Danny And then uh, and then Jason Jassby I need what five randomizers four for the duel and then one for the wax party, right? Well, he's polite enough to not not put me through it as much We we just have proper discussion proper baseball discussions Um, okay, let's go to random out. We'll use one dice roll for all five randomizers first one's gonna be the Uh, I do uh, you hate Kyle Seeger You hate Jared Kalanek And Kyle Lewis those are your three This was Texas Miami Next one was White Sox madrigal And jami jones baltimore And then the other one thought this one was pretty nice st. Louis and uh Miami the hasu sanchez So this is card a the one that I posted noted card a And then that that's with the I guess that's with like the red stripe one And this is the card b is the one with the four color patch for the marlins And then everyone has a shot At the wax party we got we're giving away one of those let's gather all the names one dice roll For uh for all the lists And it's three easy times. Good luck everybody Cleveland catcher who's the Cleveland catcher this year? All right, so this is the uh, this is the arihara And uh six osanchez one three times one two And good luck three Goes to texas that's gonna be For eric clicks. All right. Congrats eric Apologies to scott I think you got some you got some future chances scott. I hope you get one of them three times for the white sox baltimore one one two Good luck three baltimore. That's for carl Apologies to barry and the white sox That congrats to carl and baltimore version a Version a three times one two and three st. Louis The first one And the second one three times one two and three St. Louis again Man scott my apologies man rough Rough randomizer But congrats again to carl and the cardinals All right now Here's the big one here the wax party invite One and a two three times For the entire list top name gets an invite to the wax party. Good luck One two And three all right, so spot two sad times For carl very close, but not quite But you do have a lot of names on here carl. Is your name still on top? Or is it going to be an upset? It's an upset ed p After three Your names on top you got an invite to the wax party chance to win chance to win a bunch of stuff Check out the the prize list on jazby's case breaks dot com and details of the promo. I'm joe for jazby's case breaks dot com What a fun break. Thanks for watching. Thanks for breaking with us and i'll see you next time for the next one. Bye


On the national highway, as one drives from Srinagar to Jammu, suddenly the willow and popular trees give way to cricket bats on both sides of the road. Bats of every size and make dot the landscape like mushrooms. For we are now in Halmula, where every family is involved in making cricket bats. The willow trees, which grow around them, provide the wood in abundance. So obviously then, the making and selling of cricket bats is everyone's business. But it was not always like this. Halmula became the hub of the Indian bat industry by default. Just after partition, a sports good manufacturer of Jalandhar was deep in trouble. All his suppliers were suddenly across the border in Pakistan. He needed the willow for his products and fast. His search brought him to Halmula, the home of the willow of Veer as it is known locally. A willow tree takes 15 years to mature and the best quality wood is used for making bats. As the seasoned wood goes through various stages, its ultimate destination is to reach well-known hands across the world and create magic. It receives the final finishing touch with a flourish when the handle is fixed by hand on the bat. The handle is made from cane, brought especially all the way from Kerala and the Andamans. As only that can provide the batsman the strength and flexibility to strike the ball hard. And thus, a truly national product for a national obsession is born. Some the World Cup are an important series and Halmula are rejoices as it means more business, more work. Free time if any is spent, well obviously doing what else but playing cricket.