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Language: en

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foreign

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[Music]

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what<00:00:14.040><c> started</c><00:00:14.340><c> this</c><00:00:14.519><c> talk</c><00:00:14.700><c> it</c><00:00:15.540><c> started</c><00:00:15.900><c> in</c>

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what started this talk it started in
 

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what started this talk it started in
April

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April
 

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April
there<00:00:17.699><c> was</c><00:00:17.820><c> a</c><00:00:17.940><c> tweet</c><00:00:18.240><c> by</c><00:00:18.539><c> bird</c><00:00:18.779><c> Miller</c><00:00:19.020><c> from</c>

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there was a tweet by bird Miller from
 

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there was a tweet by bird Miller from
flashbots<00:00:19.859><c> about</c><00:00:20.220><c> a</c><00:00:20.520><c> moon</c><00:00:20.699><c> bird</c><00:00:20.939><c> that</c><00:00:21.300><c> was</c>

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flashbots about a moon bird that was
 

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flashbots about a moon bird that was
actually<00:00:21.720><c> bought</c><00:00:22.020><c> for</c><00:00:22.740><c> 44</c><00:00:23.460><c> East</c><00:00:23.760><c> and</c><00:00:24.180><c> then</c>

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actually bought for 44 East and then
 

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actually bought for 44 East and then
immediately<00:00:24.840><c> sold</c><00:00:25.140><c> in</c><00:00:25.500><c> one</c><00:00:25.800><c> single</c>

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immediately sold in one single
 

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immediately sold in one single
transaction<00:00:26.640><c> for</c><00:00:27.599><c> 240</c><00:00:28.439><c> eth</c><00:00:28.760><c> and</c><00:00:29.760><c> when</c><00:00:30.240><c> I</c><00:00:30.359><c> saw</c>

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transaction for 240 eth and when I saw
 

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transaction for 240 eth and when I saw
this<00:00:30.720><c> I</c><00:00:30.900><c> was</c><00:00:31.019><c> like</c><00:00:31.140><c> wow</c><00:00:31.500><c> this</c><00:00:31.740><c> is</c><00:00:31.920><c> pretty</c>

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this I was like wow this is pretty
 

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this I was like wow this is pretty
insane<00:00:32.759><c> and</c><00:00:33.059><c> we</c><00:00:33.559><c> are</c><00:00:34.559><c> really</c><00:00:34.800><c> dived</c><00:00:35.219><c> into</c><00:00:35.460><c> the</c>

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insane and we are really dived into the
 

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insane and we are really dived into the
topic<00:00:36.540><c> so</c><00:00:37.200><c> at</c><00:00:37.440><c> first</c><00:00:37.620><c> I'm</c><00:00:37.800><c> going</c><00:00:37.920><c> to</c><00:00:37.920><c> give</c><00:00:38.100><c> a</c>

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topic so at first I'm going to give a
 

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topic so at first I'm going to give a
short<00:00:38.579><c> introduction</c><00:00:39.000><c> what</c><00:00:39.239><c> is</c><00:00:39.480><c> Mev</c>

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short introduction what is Mev
 

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short introduction what is Mev
um<00:00:41.520><c> basically</c><00:00:42.239><c> who</c><00:00:43.020><c> who</c><00:00:43.020><c> can</c><00:00:43.379><c> say</c><00:00:43.559><c> here</c><00:00:43.739><c> what</c>

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um basically who who can say here what
 

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um basically who who can say here what
happens<00:00:44.160><c> if</c><00:00:44.460><c> you</c><00:00:44.579><c> click</c><00:00:44.760><c> like</c><00:00:44.940><c> swap</c><00:00:45.360><c> on</c><00:00:45.540><c> uni</c>

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happens if you click like swap on uni
 

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happens if you click like swap on uni
Swap<00:00:46.140><c> and</c><00:00:46.500><c> in</c><00:00:46.800><c> a</c><00:00:46.980><c> one</c><00:00:47.100><c> sentence</c><00:00:47.460><c> maybe</c><00:00:47.719><c> this</c>

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Swap and in a one sentence maybe this
 

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Swap and in a one sentence maybe this
transaction<00:00:49.140><c> gets</c><00:00:49.500><c> submitted</c><00:00:49.800><c> to</c><00:00:49.920><c> the</c>

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transaction gets submitted to the
 

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transaction gets submitted to the
mempool<00:00:50.480><c> uh</c><00:00:51.480><c> and</c><00:00:51.780><c> the</c><00:00:52.079><c> TR</c><00:00:52.200><c> the</c><00:00:52.680><c> technical</c><00:00:53.120><c> view</c>

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mempool uh and the TR the technical view
 

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mempool uh and the TR the technical view
is<00:00:54.480><c> you</c><00:00:54.840><c> have</c><00:00:54.960><c> uh</c><00:00:55.379><c> the</c><00:00:55.559><c> public</c><00:00:55.680><c> map</c><00:00:55.980><c> Pool</c><00:00:56.219><c> where</c>

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is you have uh the public map Pool where
 

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is you have uh the public map Pool where
you<00:00:56.520><c> can</c><00:00:56.640><c> submit</c><00:00:57.059><c> the</c><00:00:57.180><c> transaction</c><00:00:57.539><c> and</c><00:00:58.079><c> then</c>

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you can submit the transaction and then
 

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you can submit the transaction and then
traditional<00:00:58.680><c> Finance</c><00:00:59.039><c> you</c><00:00:59.160><c> only</c><00:00:59.340><c> have</c><00:00:59.520><c> like</c><00:00:59.699><c> a</c>

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traditional Finance you only have like a
 

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traditional Finance you only have like a
centralized<00:01:00.300><c> server</c><00:01:00.660><c> and</c><00:01:01.199><c> then</c><00:01:01.379><c> the</c>

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centralized server and then the
 

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centralized server and then the
transactions<00:01:02.280><c> get</c><00:01:02.520><c> uh</c><00:01:03.180><c> executed</c><00:01:03.960><c> with</c><00:01:04.739><c> the</c>

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transactions get uh executed with the
 

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transactions get uh executed with the
public<00:01:04.979><c> mempool</c><00:01:05.519><c> though</c><00:01:05.760><c> people</c><00:01:06.260><c> can</c><00:01:07.260><c> see</c>

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public mempool though people can see
 

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public mempool though people can see
your<00:01:07.799><c> transaction</c><00:01:08.220><c> and</c><00:01:08.820><c> they</c><00:01:09.119><c> can</c><00:01:09.780><c> insert</c>

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your transaction and they can insert
 

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your transaction and they can insert
their<00:01:10.320><c> own</c><00:01:10.439><c> transaction</c><00:01:10.920><c> before</c><00:01:11.420><c> or</c><00:01:12.420><c> even</c><00:01:12.960><c> uh</c>

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their own transaction before or even uh
 

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their own transaction before or even uh
I<00:01:13.920><c> mean</c><00:01:14.040><c> the</c><00:01:14.280><c> miner</c><00:01:14.580><c> itself</c><00:01:14.960><c> can</c><00:01:15.960><c> insert</c><00:01:16.680><c> the</c>

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I mean the miner itself can insert the
 

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I mean the miner itself can insert the
transactions<00:01:17.600><c> manipulate</c><00:01:18.600><c> them</c><00:01:18.840><c> block</c><00:01:19.200><c> them</c>

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transactions manipulate them block them
 

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transactions manipulate them block them
and<00:01:21.020><c> yeah</c><00:01:22.020><c> there's</c><00:01:22.680><c> a</c><00:01:22.920><c> more</c><00:01:23.100><c> technical</c>

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and yeah there's a more technical
 

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and yeah there's a more technical
explanation<00:01:23.939><c> about</c><00:01:24.119><c> like</c><00:01:24.360><c> what's</c><00:01:24.600><c> different</c>

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explanation about like what's different
 

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explanation about like what's different
in<00:01:25.020><c> POS</c><00:01:25.500><c> and</c><00:01:26.040><c> the</c><00:01:26.280><c> last</c><00:01:26.400><c> slide</c><00:01:26.880><c> but</c><00:01:27.119><c> uh</c><00:01:27.420><c> Due</c>

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in POS and the last slide but uh Due
 

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in POS and the last slide but uh Due
Time<00:01:28.140><c> Yeah</c><00:01:28.979><c> so</c><00:01:29.460><c> basically</c>

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Time Yeah so basically
 

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Time Yeah so basically
Mev<00:01:31.860><c> exists</c><00:01:32.340><c> also</c><00:01:32.820><c> in</c><00:01:33.119><c> like</c><00:01:33.360><c> old</c><00:01:33.780><c> auctions</c>

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Mev exists also in like old auctions
 

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Mev exists also in like old auctions
it's<00:01:34.560><c> basically</c><00:01:34.920><c> if</c><00:01:35.100><c> you</c><00:01:35.220><c> skip</c><00:01:35.340><c> the</c><00:01:35.520><c> auction</c>

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it's basically if you skip the auction
 

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it's basically if you skip the auction
make<00:01:36.119><c> a</c><00:01:36.299><c> contract</c><00:01:36.600><c> with</c><00:01:37.259><c> the</c><00:01:37.439><c> seller</c><00:01:37.860><c> itself</c>

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make a contract with the seller itself
 

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make a contract with the seller itself
in<00:01:39.060><c> this</c><00:01:39.180><c> case</c><00:01:39.299><c> the</c><00:01:39.600><c> seller</c><00:01:39.900><c> is</c><00:01:40.020><c> the</c><00:01:40.380><c> block</c>

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in this case the seller is the block
 

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in this case the seller is the block
space

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space
 

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space
and<00:01:42.600><c> yeah</c><00:01:42.720><c> what</c><00:01:42.900><c> is</c><00:01:43.079><c> an</c><00:01:43.200><c> nft</c>

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and yeah what is an nft
 

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and yeah what is an nft
um<00:01:44.640><c> for</c><00:01:44.820><c> me</c><00:01:45.000><c> it</c><00:01:45.240><c> was</c><00:01:45.420><c> kind</c><00:01:45.900><c> of</c><00:01:46.020><c> interesting</c><00:01:46.500><c> to</c>

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um for me it was kind of interesting to
 

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um for me it was kind of interesting to
understand<00:01:47.340><c> that</c><00:01:48.119><c> nft</c><00:01:48.479><c> is</c><00:01:48.840><c> is</c><00:01:49.259><c> kind</c><00:01:49.439><c> of</c><00:01:49.560><c> like</c>

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understand that nft is is kind of like
 

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understand that nft is is kind of like
the<00:01:49.860><c> same</c><00:01:49.979><c> as</c><00:01:50.159><c> an</c><00:01:50.280><c> erc20</c><00:01:50.820><c> token</c><00:01:51.180><c> but</c><00:01:51.360><c> with</c><00:01:51.479><c> an</c>

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the same as an erc20 token but with an
 

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the same as an erc20 token but with an
ID<00:01:51.899><c> that</c><00:01:52.680><c> was</c><00:01:52.920><c> much</c><00:01:53.399><c> more</c><00:01:53.700><c> understandable</c><00:01:54.420><c> to</c>

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ID that was much more understandable to
 

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ID that was much more understandable to
me<00:01:54.720><c> than</c><00:01:54.899><c> like</c><00:01:55.200><c> non-fungible</c><00:01:56.040><c> token</c><00:01:56.579><c> and</c><00:01:57.960><c> um</c>

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me than like non-fungible token and um
 

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me than like non-fungible token and um
they're<00:01:58.320><c> like</c><00:01:58.740><c> if</c><00:01:59.040><c> you</c><00:01:59.100><c> look</c><00:01:59.220><c> at</c><00:01:59.340><c> Google</c>

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they're like if you look at Google
 

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they're like if you look at Google
search<00:01:59.820><c> volume</c><00:02:00.119><c> you</c><00:02:00.960><c> will</c><00:02:01.140><c> see</c><00:02:01.320><c> that</c><00:02:01.560><c> like</c><00:02:02.159><c> one</c>

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search volume you will see that like one
 

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search volume you will see that like one
to<00:02:02.939><c> ten</c><00:02:03.540><c> thousand</c><00:02:03.899><c> people</c><00:02:04.079><c> Google</c><00:02:04.380><c> how</c><00:02:04.860><c> to</c>

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to ten thousand people Google how to
 

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to ten thousand people Google how to
create<00:02:05.100><c> a</c><00:02:05.280><c> erc20</c><00:02:05.820><c> token</c><00:02:06.299><c> each</c><00:02:06.479><c> month</c><00:02:07.079><c> and</c><00:02:07.979><c> like</c>

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create a erc20 token each month and like
 

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create a erc20 token each month and like
how<00:02:09.179><c> people</c><00:02:09.539><c> want</c><00:02:09.959><c> to</c><00:02:10.080><c> create</c><00:02:10.259><c> an</c><00:02:10.500><c> nft</c><00:02:10.800><c> it's</c>

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how people want to create an nft it's
 

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how people want to create an nft it's
like<00:02:11.879><c> 10</c><00:02:12.840><c> 000</c><00:02:12.900><c> to</c><00:02:13.140><c> 100</c><00:02:13.739><c> 000</c><00:02:13.860><c> people</c><00:02:14.099><c> so</c><00:02:15.060><c> you</c>

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like 10 000 to 100 000 people so you
 

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like 10 000 to 100 000 people so you
could<00:02:15.599><c> assume</c><00:02:16.020><c> that</c><00:02:16.260><c> nfts</c><00:02:16.860><c> are</c><00:02:17.040><c> like</c><00:02:17.280><c> very</c>

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could assume that nfts are like very
 

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could assume that nfts are like very
mainstream

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mainstream
 

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mainstream
and<00:02:20.040><c> um</c><00:02:20.099><c> also</c>

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and um also
 

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and um also
the<00:02:21.720><c> the</c><00:02:21.900><c> gas</c><00:02:22.560><c> if</c><00:02:23.280><c> you</c><00:02:23.400><c> look</c><00:02:23.520><c> at</c><00:02:23.700><c> ethereum</c><00:02:24.180><c> is</c>

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the the gas if you look at ethereum is
 

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the the gas if you look at ethereum is
kind<00:02:24.660><c> of</c><00:02:24.840><c> high</c><00:02:25.160><c> uh</c><00:02:26.160><c> from</c><00:02:26.340><c> nft</c><00:02:26.700><c> projects</c><00:02:27.180><c> so</c>

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kind of high uh from nft projects so
 

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kind of high uh from nft projects so
like<00:02:27.599><c> open</c><00:02:27.959><c> C</c><00:02:28.260><c> is</c><00:02:28.440><c> always</c><00:02:28.560><c> in</c><00:02:28.800><c> the</c><00:02:28.980><c> like</c><00:02:29.099><c> top</c><00:02:29.340><c> 10</c>

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like open C is always in the like top 10
 

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like open C is always in the like top 10
of<00:02:29.760><c> gas</c><00:02:29.940><c> vendors</c><00:02:30.480><c> you</c><00:02:31.140><c> can</c><00:02:31.200><c> see</c><00:02:31.379><c> the</c><00:02:31.560><c> beautiful</c>

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of gas vendors you can see the beautiful
 

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of gas vendors you can see the beautiful
nft<00:02:32.160><c> project</c><00:02:32.520><c> on</c><00:02:32.879><c> the</c><00:02:33.000><c> side</c><00:02:33.180><c> and</c><00:02:34.620><c> um</c><00:02:34.739><c> so</c>

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nft project on the side and um so
 

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nft project on the side and um so
another<00:02:35.099><c> question</c><00:02:35.400><c> what</c><00:02:35.700><c> happens</c><00:02:35.819><c> if</c><00:02:36.180><c> you</c>

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another question what happens if you
 

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another question what happens if you
like<00:02:36.900><c> click</c><00:02:37.620><c> make</c><00:02:37.800><c> a</c><00:02:38.040><c> collection</c><00:02:38.400><c> bit</c><00:02:38.700><c> on</c><00:02:39.540><c> a</c>

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like click make a collection bit on a
 

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like click make a collection bit on a
nft<00:02:40.080><c> side</c><00:02:40.440><c> it</c><00:02:40.680><c> does</c><00:02:40.800><c> work</c><00:02:40.980><c> on</c><00:02:41.160><c> every</c>

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nft side it does work on every
 

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nft side it does work on every
Marketplace<00:02:41.879><c> but</c><00:02:42.540><c> maybe</c><00:02:43.140><c> uh</c><00:02:44.040><c> someone</c><00:02:44.540><c> knows</c>

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Marketplace but maybe uh someone knows
 

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Marketplace but maybe uh someone knows
it<00:02:45.720><c> but</c><00:02:46.140><c> now</c><00:02:46.680><c> so</c><00:02:47.040><c> basically</c><00:02:47.340><c> if</c><00:02:47.760><c> you</c>

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it but now so basically if you
 

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it but now so basically if you
um<00:02:48.959><c> click</c><00:02:49.379><c> and</c><00:02:49.800><c> make</c><00:02:49.920><c> a</c><00:02:50.099><c> collection</c><00:02:50.340><c> bid</c><00:02:50.720><c> on</c><00:02:51.720><c> an</c>

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um click and make a collection bid on an
 

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um click and make a collection bid on an
nft<00:02:52.080><c> Marketplace</c><00:02:52.680><c> usually</c><00:02:53.519><c> the</c><00:02:53.700><c> auction</c><00:02:53.879><c> is</c>

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nft Marketplace usually the auction is
 

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nft Marketplace usually the auction is
off<00:02:54.239><c> chain</c><00:02:54.480><c> but</c><00:02:54.959><c> once</c><00:02:55.739><c> the</c><00:02:55.920><c> the</c><00:02:56.220><c> the</c><00:02:56.340><c> the</c><00:02:57.060><c> like</c>

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off chain but once the the the the like
 

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off chain but once the the the the like
the<00:02:58.680><c> contract</c><00:02:59.340><c> gets</c><00:02:59.700><c> held</c><00:02:59.879><c> in</c><00:03:00.000><c> the</c><00:03:00.120><c> mempool</c>

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the contract gets held in the mempool
 

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the contract gets held in the mempool
people<00:03:00.780><c> can</c><00:03:01.080><c> still</c><00:03:01.319><c> like</c><00:03:01.560><c> do</c><00:03:02.340><c> Arbitrage</c><00:03:02.940><c> so</c>

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people can still like do Arbitrage so
 

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people can still like do Arbitrage so
let's<00:03:03.780><c> dive</c><00:03:04.080><c> into</c><00:03:04.260><c> this</c><00:03:04.680><c> rabbit</c><00:03:05.640><c> hole</c>

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let's dive into this rabbit hole
 

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let's dive into this rabbit hole
so<00:03:07.260><c> what</c><00:03:07.500><c> is</c><00:03:07.739><c> an</c><00:03:07.860><c> nft</c><00:03:08.160><c> Arbitrage</c><00:03:08.760><c> basically</c>

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so what is an nft Arbitrage basically
 

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so what is an nft Arbitrage basically
you<00:03:10.260><c> buy</c><00:03:10.440><c> the</c><00:03:10.560><c> nft</c><00:03:10.800><c> at</c><00:03:11.099><c> One</c><00:03:11.280><c> Marketplace</c><00:03:11.700><c> and</c>

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you buy the nft at One Marketplace and
 

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you buy the nft at One Marketplace and
you<00:03:12.420><c> sell</c><00:03:12.720><c> it</c><00:03:12.900><c> at</c><00:03:13.019><c> the</c><00:03:13.200><c> other</c><00:03:13.260><c> Marketplace</c><00:03:13.739><c> and</c>

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you sell it at the other Marketplace and
 

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you sell it at the other Marketplace and
what<00:03:14.819><c> what</c><00:03:15.000><c> is</c><00:03:15.239><c> special</c><00:03:15.420><c> about</c><00:03:15.659><c> it</c><00:03:15.900><c> is</c><00:03:16.140><c> in</c>

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what what is special about it is in
 

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what what is special about it is in
crypto<00:03:16.800><c> you</c><00:03:16.980><c> can</c><00:03:17.099><c> do</c><00:03:17.280><c> it</c><00:03:17.400><c> in</c><00:03:17.879><c> a</c><00:03:18.000><c> single</c>

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crypto you can do it in a single
 

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crypto you can do it in a single
transaction<00:03:18.480><c> in</c><00:03:18.780><c> one</c><00:03:18.959><c> block</c><00:03:19.140><c> there's</c><00:03:19.860><c> some</c>

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transaction in one block there's some
 

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transaction in one block there's some
particular<00:03:20.640><c> cases</c><00:03:21.120><c> about</c><00:03:21.360><c> like</c><00:03:21.780><c> nfts</c><00:03:22.680><c> and</c><00:03:23.099><c> Mev</c>

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particular cases about like nfts and Mev
 

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particular cases about like nfts and Mev
or<00:03:24.000><c> in</c><00:03:24.239><c> general</c><00:03:24.420><c> like</c><00:03:25.019><c> value</c><00:03:25.620><c> extraction</c><00:03:26.360><c> so</c>

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or in general like value extraction so
 

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or in general like value extraction so
uh<00:03:27.780><c> the</c><00:03:27.959><c> the</c><00:03:28.080><c> moonberg</c><00:03:28.560><c> example</c><00:03:29.099><c> is</c><00:03:29.280><c> uh</c><00:03:29.879><c> pretty</c>

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uh the the moonberg example is uh pretty
 

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uh the the moonberg example is uh pretty
uh<00:03:30.720><c> extreme</c><00:03:31.080><c> I</c><00:03:31.379><c> find</c><00:03:31.519><c> and</c><00:03:32.519><c> also</c><00:03:33.000><c> the</c><00:03:33.900><c> ape</c><00:03:34.200><c> coin</c>

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uh extreme I find and also the ape coin
 

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uh extreme I find and also the ape coin
maybe<00:03:34.800><c> you've</c><00:03:35.159><c> heard</c><00:03:35.280><c> of</c><00:03:35.459><c> it</c><00:03:35.580><c> they</c><00:03:35.940><c> had</c><00:03:36.120><c> a</c><00:03:36.420><c> a</c>

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maybe you've heard of it they had a a
 

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maybe you've heard of it they had a a
token<00:03:37.379><c> for</c><00:03:37.739><c> every</c><00:03:37.980><c> nft</c><00:03:38.340><c> holder</c><00:03:38.879><c> and</c><00:03:39.659><c> there</c><00:03:39.900><c> was</c>

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token for every nft holder and there was
 

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token for every nft holder and there was
a

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a
 

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a
a<00:03:42.120><c> a</c><00:03:42.420><c> Trader</c><00:03:43.260><c> who</c><00:03:43.560><c> basically</c><00:03:43.920><c> lent</c><00:03:44.580><c> the</c><00:03:44.760><c> nfts</c>

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a a Trader who basically lent the nfts
 

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a a Trader who basically lent the nfts
um<00:03:46.200><c> claimed</c><00:03:46.799><c> the</c><00:03:46.920><c> tokens</c><00:03:47.340><c> and</c><00:03:47.940><c> then</c><00:03:48.060><c> sold</c><00:03:48.360><c> them</c>

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um claimed the tokens and then sold them
 

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um claimed the tokens and then sold them
immediately<00:03:49.019><c> so</c><00:03:49.260><c> he</c><00:03:49.440><c> netted</c><00:03:49.860><c> more</c><00:03:50.220><c> than</c><00:03:50.400><c> like</c>

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immediately so he netted more than like
 

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immediately so he netted more than like
six<00:03:51.840><c> hundred</c><00:03:52.080><c> thousand</c><00:03:52.560><c> dollars</c><00:03:53.099><c> I</c><00:03:53.340><c> think</c><00:03:53.519><c> so</c>

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six hundred thousand dollars I think so
 

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six hundred thousand dollars I think so
what<00:03:54.239><c> what</c><00:03:54.420><c> can</c><00:03:54.599><c> we</c><00:03:54.780><c> do</c><00:03:54.900><c> about</c><00:03:54.959><c> it</c><00:03:55.200><c> because</c><00:03:55.379><c> I</c>

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what what can we do about it because I
 

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what what can we do about it because I
mean<00:03:56.099><c> if</c><00:03:56.340><c> you</c><00:03:56.400><c> look</c><00:03:56.580><c> at</c><00:03:56.700><c> the</c><00:03:57.060><c> the</c><00:03:57.720><c> the</c><00:03:57.720><c> life</c>

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mean if you look at the the the life
 

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mean if you look at the the the life
cycle<00:03:58.620><c> of</c><00:03:58.980><c> nft</c><00:03:59.340><c> it's</c><00:03:59.640><c> like</c><00:03:59.819><c> pretty</c><00:04:00.000><c> mainstream</c>

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cycle of nft it's like pretty mainstream
 

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cycle of nft it's like pretty mainstream
and<00:04:00.720><c> I</c><00:04:00.900><c> don't</c><00:04:01.379><c> assume</c><00:04:01.860><c> like</c><00:04:02.159><c> Bill</c><00:04:02.819><c> Murray</c><00:04:03.299><c> uh</c>

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and I don't assume like Bill Murray uh
 

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and I don't assume like Bill Murray uh
knows<00:04:04.140><c> like</c><00:04:04.379><c> what</c><00:04:04.739><c> happens</c><00:04:04.920><c> in</c><00:04:05.159><c> the</c><00:04:05.280><c> mempool</c>

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knows like what happens in the mempool
 

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knows like what happens in the mempool
and<00:04:07.379><c> um</c><00:04:07.500><c> so</c><00:04:08.220><c> there's</c><00:04:08.580><c> a</c><00:04:08.819><c> couple</c><00:04:08.940><c> of</c><00:04:09.060><c> resources</c>

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and um so there's a couple of resources
 

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and um so there's a couple of resources
to<00:04:10.019><c> educate</c><00:04:10.379><c> yourself</c>

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to educate yourself
 

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to educate yourself
um this<00:04:11.400><c> is</c><00:04:11.580><c> like</c><00:04:11.819><c> website</c><00:04:12.659><c> Mev</c><00:04:13.200><c> tools</c><00:04:13.500><c> which</c>

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um this is like website Mev tools which
 

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um this is like website Mev tools which
shows<00:04:13.980><c> like</c><00:04:14.159><c> also</c><00:04:14.580><c> how</c><00:04:14.819><c> to</c><00:04:14.939><c> like</c><00:04:15.120><c> mint</c><00:04:15.959><c> an</c><00:04:16.919><c> nft</c>

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shows like also how to like mint an nft
 

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shows like also how to like mint an nft
or<00:04:17.459><c> like</c><00:04:17.699><c> submitted</c><00:04:18.180><c> transactions</c><00:04:18.900><c> through</c>

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or like submitted transactions through
 

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or like submitted transactions through
flashbots<00:04:19.739><c> uh</c><00:04:20.579><c> which</c><00:04:20.880><c> is</c><00:04:21.000><c> basically</c><00:04:21.780><c> making</c>

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flashbots uh which is basically making
 

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flashbots uh which is basically making
skipping<00:04:22.800><c> the</c><00:04:22.919><c> mempool</c><00:04:23.340><c> there's</c><00:04:24.060><c> other</c><00:04:24.300><c> ways</c>

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skipping the mempool there's other ways
 

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skipping the mempool there's other ways
you<00:04:25.199><c> can</c><00:04:25.320><c> avoid</c><00:04:25.800><c> it</c><00:04:25.979><c> right</c><00:04:26.220><c> so</c><00:04:26.699><c> if</c><00:04:27.360><c> you</c><00:04:27.479><c> have</c><00:04:27.600><c> an</c>

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you can avoid it right so if you have an
 

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you can avoid it right so if you have an
auction<00:04:27.960><c> where</c><00:04:28.199><c> you</c><00:04:28.380><c> have</c><00:04:28.560><c> a</c><00:04:28.680><c> commit</c><00:04:28.979><c> reveal</c>

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auction where you have a commit reveal
 

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auction where you have a commit reveal
you<00:04:29.639><c> first</c><00:04:29.940><c> commit</c><00:04:30.660><c> and</c><00:04:31.500><c> then</c><00:04:31.680><c> once</c><00:04:32.280><c> you</c><00:04:32.400><c> you</c>

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you first commit and then once you you
 

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you first commit and then once you you
place<00:04:32.880><c> a</c><00:04:33.060><c> bit</c><00:04:33.240><c> you</c><00:04:33.479><c> reveal</c><00:04:33.780><c> your</c><00:04:33.960><c> bid</c><00:04:34.259><c> and</c><00:04:34.979><c> you</c>

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place a bit you reveal your bid and you
 

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place a bit you reveal your bid and you
you<00:04:35.580><c> cannot</c><00:04:36.000><c> like</c><00:04:36.540><c> front</c><00:04:36.720><c> run</c><00:04:37.020><c> it</c><00:04:37.199><c> because</c><00:04:37.380><c> you</c>

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you cannot like front run it because you
 

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you cannot like front run it because you
need<00:04:37.860><c> to</c><00:04:38.040><c> commit</c><00:04:38.460><c> first</c><00:04:38.639><c> So</c><00:04:38.880><c> when</c><00:04:39.000><c> you</c><00:04:39.180><c> buy</c><00:04:39.240><c> an</c>

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need to commit first So when you buy an
 

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need to commit first So when you buy an
ens<00:04:39.780><c> domain</c><00:04:40.080><c> you</c><00:04:40.199><c> have</c><00:04:40.259><c> to</c><00:04:40.380><c> wait</c><00:04:40.440><c> one</c><00:04:40.740><c> minute</c>

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ens domain you have to wait one minute
 

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ens domain you have to wait one minute
that's<00:04:41.100><c> basically</c><00:04:41.460><c> the</c><00:04:41.639><c> reason</c><00:04:41.820><c> why</c>

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that's basically the reason why
 

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that's basically the reason why
so<00:04:43.860><c> the</c><00:04:44.040><c> life</c><00:04:44.160><c> cycle</c><00:04:44.340><c> of</c><00:04:44.580><c> nft</c><00:04:44.880><c> you</c><00:04:45.240><c> have</c><00:04:45.360><c> the</c>

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so the life cycle of nft you have the
 

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so the life cycle of nft you have the
minting<00:04:45.780><c> process</c>

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minting process
 

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minting process
um here<00:04:47.880><c> it</c><00:04:48.300><c> can</c><00:04:48.479><c> like</c><00:04:48.720><c> lead</c><00:04:48.900><c> to</c><00:04:49.139><c> gas</c><00:04:49.320><c> Wars</c><00:04:49.880><c> so</c>

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um here it can like lead to gas Wars so
 

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um here it can like lead to gas Wars so
uh<00:04:51.540><c> I</c><00:04:51.720><c> don't</c><00:04:51.840><c> know</c><00:04:51.960><c> there</c><00:04:52.139><c> was</c><00:04:52.380><c> a</c><00:04:52.620><c> soccer</c>

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uh I don't know there was a soccer
 

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uh I don't know there was a soccer
project<00:04:53.520><c> that</c><00:04:53.940><c> actually</c><00:04:54.180><c> had</c><00:04:54.540><c> like</c><00:04:54.840><c> one</c>

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project that actually had like one
 

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project that actually had like one
million<00:04:56.100><c> dollars</c><00:04:56.460><c> in</c><00:04:56.580><c> gas</c><00:04:56.759><c> fees</c><00:04:57.120><c> and</c><00:04:57.300><c> like</c><00:04:57.479><c> the</c>

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million dollars in gas fees and like the
 

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million dollars in gas fees and like the
the<00:04:57.840><c> nft</c><00:04:58.139><c> mint</c><00:04:58.500><c> was</c><00:04:58.680><c> like</c><00:04:58.919><c> less</c><00:04:59.280><c> valuable</c><00:04:59.699><c> than</c>

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the nft mint was like less valuable than
 

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the nft mint was like less valuable than
like<00:05:00.419><c> it's</c><00:05:00.660><c> crazy</c><00:05:00.900><c> right</c><00:05:01.259><c> and</c><00:05:02.040><c> if</c><00:05:02.280><c> you</c><00:05:02.400><c> like</c>

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like it's crazy right and if you like
 

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like it's crazy right and if you like
submit<00:05:03.120><c> the</c><00:05:03.180><c> transaction</c><00:05:03.479><c> to</c><00:05:03.660><c> flashpots</c>

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submit the transaction to flashpots
 

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submit the transaction to flashpots
um it<00:05:05.820><c> basically</c><00:05:06.060><c> if</c><00:05:06.300><c> it</c><00:05:06.479><c> fails</c><00:05:06.780><c> you</c><00:05:06.900><c> would</c>

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um it basically if it fails you would
 

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um it basically if it fails you would
you<00:05:07.199><c> don't</c><00:05:07.320><c> need</c><00:05:07.440><c> to</c><00:05:07.560><c> pay</c><00:05:07.740><c> gas</c><00:05:08.220><c> so</c><00:05:08.580><c> that's</c>

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you don't need to pay gas so that's
 

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you don't need to pay gas so that's
important<00:05:09.180><c> but</c><00:05:09.780><c> also</c>

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important but also
 

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important but also
um there's<00:05:11.340><c> been</c><00:05:11.580><c> cases</c><00:05:12.000><c> where</c><00:05:12.360><c> an</c><00:05:13.020><c> nft</c>

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um there's been cases where an nft
 

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um there's been cases where an nft
project<00:05:13.560><c> might</c><00:05:13.979><c> be</c><00:05:14.100><c> super</c><00:05:14.340><c> successful</c><00:05:14.820><c> and</c>

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project might be super successful and
 

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project might be super successful and
people<00:05:15.360><c> were</c><00:05:15.720><c> like</c><00:05:16.320><c> bribing</c><00:05:16.860><c> the</c><00:05:16.979><c> miners</c><00:05:17.400><c> to</c>

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people were like bribing the miners to
 

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people were like bribing the miners to
make<00:05:17.940><c> sure</c><00:05:18.060><c> that</c><00:05:18.300><c> they</c><00:05:18.479><c> mended</c><00:05:18.900><c> so</c><00:05:19.440><c> even</c><00:05:19.560><c> if</c>

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make sure that they mended so even if
 

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make sure that they mended so even if
you<00:05:19.919><c> like</c><00:05:20.040><c> a</c><00:05:20.220><c> normal</c><00:05:20.340><c> consumer</c><00:05:20.940><c> you</c><00:05:21.120><c> don't</c>

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you like a normal consumer you don't
 

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you like a normal consumer you don't
have<00:05:21.419><c> any</c><00:05:21.720><c> chance</c><00:05:21.960><c> to</c><00:05:22.380><c> Mint</c><00:05:22.620><c> it</c><00:05:22.800><c> right</c>

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have any chance to Mint it right
 

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have any chance to Mint it right
and<00:05:24.240><c> the</c><00:05:24.360><c> holding</c><00:05:24.720><c> time</c><00:05:24.900><c> of</c><00:05:25.680><c> an</c><00:05:25.800><c> nft</c><00:05:26.039><c> I</c><00:05:26.340><c> mean</c><00:05:26.460><c> at</c>

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and the holding time of an nft I mean at
 

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and the holding time of an nft I mean at
any<00:05:26.759><c> case</c><00:05:27.000><c> basically</c><00:05:27.419><c> if</c><00:05:27.660><c> the</c><00:05:27.780><c> nfts</c><00:05:28.259><c> are</c>

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any case basically if the nfts are
 

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any case basically if the nfts are
flipped<00:05:28.800><c> and</c><00:05:29.639><c> uh</c><00:05:29.880><c> yeah</c><00:05:30.000><c> the</c><00:05:30.240><c> transfer</c>

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flipped and uh yeah the transfer
 

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flipped and uh yeah the transfer
function

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function
 

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function
um<00:05:31.860><c> is</c><00:05:32.160><c> basically</c>

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um is basically
 

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um is basically
for<00:05:33.600><c> like</c><00:05:33.900><c> auctions</c><00:05:34.620><c> and</c>

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for like auctions and
 

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for like auctions and
um yeah<00:05:36.600><c> so</c><00:05:36.960><c> what</c><00:05:37.440><c> can</c><00:05:37.560><c> we</c><00:05:37.680><c> do</c><00:05:37.860><c> and</c><00:05:38.280><c> one</c><00:05:38.940><c> one</c>

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um yeah so what can we do and one one
 

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um yeah so what can we do and one one
idea<00:05:39.660><c> is</c><00:05:39.900><c> we</c><00:05:40.320><c> just</c><00:05:40.500><c> Fork</c><00:05:40.919><c> the</c><00:05:41.039><c> erc20</c><00:05:42.020><c> erc71</c><00:05:43.020><c> uh</c>

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idea is we just Fork the erc20 erc71 uh
 

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idea is we just Fork the erc20 erc71 uh
contract<00:05:44.220><c> and</c><00:05:44.820><c> if</c><00:05:44.940><c> you</c><00:05:45.120><c> think</c><00:05:45.240><c> about</c><00:05:45.360><c> okay</c>

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contract and if you think about okay
 

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contract and if you think about okay
what<00:05:46.080><c> is</c><00:05:46.259><c> atomic</c><00:05:46.620><c> Arbitrage</c><00:05:46.979><c> you</c><00:05:47.220><c> sell</c><00:05:47.340><c> it</c><00:05:47.460><c> and</c>

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what is atomic Arbitrage you sell it and
 

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what is atomic Arbitrage you sell it and
buy<00:05:47.699><c> it</c><00:05:47.820><c> in</c><00:05:47.940><c> one</c><00:05:48.060><c> block</c><00:05:48.240><c> so</c><00:05:49.080><c> we</c><00:05:49.320><c> just</c><00:05:49.500><c> simply</c>

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buy it in one block so we just simply
 

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buy it in one block so we just simply
lock<00:05:50.100><c> the</c><00:05:50.580><c> last</c><00:05:50.699><c> transfer</c>

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lock the last transfer
 

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lock the last transfer
and<00:05:52.620><c> we</c><00:05:52.919><c> uh</c><00:05:53.820><c> block</c><00:05:54.180><c> the</c><00:05:54.780><c> the</c><00:05:55.020><c> ID</c><00:05:55.320><c> from</c><00:05:56.100><c> being</c>

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and we uh block the the ID from being
 

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and we uh block the the ID from being
transferred<00:05:56.820><c> twice</c><00:05:57.180><c> per</c><00:05:57.479><c> block</c>

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transferred twice per block
 

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transferred twice per block
um<00:05:58.800><c> I</c><00:05:58.979><c> mean</c><00:05:59.100><c> it</c><00:05:59.280><c> says</c><00:05:59.520><c> it's</c><00:05:59.940><c> more</c><00:06:00.120><c> like</c><00:06:00.360><c> it's</c><00:06:00.600><c> a</c>

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um I mean it says it's more like it's a
 

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um I mean it says it's more like it's a
very<00:06:00.900><c> simple</c><00:06:01.139><c> solution</c>

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very simple solution
 

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very simple solution
um but<00:06:03.660><c> uh</c><00:06:04.080><c> yeah</c><00:06:04.199><c> obviously</c><00:06:04.680><c> some</c><00:06:05.039><c> some</c>

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um but uh yeah obviously some some
 

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um but uh yeah obviously some some
contracts<00:06:05.759><c> might</c><00:06:05.940><c> not</c><00:06:06.120><c> work</c><00:06:06.419><c> with</c><00:06:06.660><c> it</c>

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contracts might not work with it
 

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contracts might not work with it
um

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um
 

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um
so<00:06:09.240><c> what</c><00:06:09.600><c> what</c><00:06:09.840><c> are</c><00:06:10.080><c> what</c><00:06:10.380><c> else</c><00:06:10.560><c> can</c><00:06:10.800><c> we</c><00:06:10.919><c> do</c>

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so what what are what else can we do
 

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so what what are what else can we do
what<00:06:11.340><c> are</c><00:06:11.520><c> like</c><00:06:11.639><c> conclusions</c><00:06:12.300><c> yeah</c><00:06:12.840><c> first</c><00:06:13.080><c> of</c>

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what are like conclusions yeah first of
 

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what are like conclusions yeah first of
all<00:06:13.320><c> there's</c><00:06:13.500><c> different</c><00:06:13.800><c> stakeholders</c><00:06:14.520><c> so</c>

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all there's different stakeholders so
 

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all there's different stakeholders so
the<00:06:14.820><c> markets</c><00:06:15.180><c> they</c><00:06:15.300><c> just</c><00:06:15.419><c> want</c><00:06:15.600><c> to</c><00:06:15.720><c> sell</c><00:06:15.900><c> the</c>

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the markets they just want to sell the
 

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the markets they just want to sell the
the<00:06:16.620><c> artists</c><00:06:16.979><c> just</c><00:06:17.160><c> want</c><00:06:17.340><c> to</c><00:06:17.460><c> sell</c><00:06:17.580><c> the</c><00:06:17.880><c> users</c>

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the artists just want to sell the users
 

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the artists just want to sell the users
I<00:06:18.419><c> mean</c><00:06:18.539><c> they</c><00:06:18.660><c> want</c><00:06:18.900><c> to</c><00:06:19.080><c> don't</c><00:06:19.440><c> maybe</c><00:06:19.740><c> don't</c>

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I mean they want to don't maybe don't
 

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I mean they want to don't maybe don't
spend<00:06:20.280><c> so</c><00:06:20.460><c> much</c><00:06:20.639><c> money</c><00:06:20.820><c> uh</c><00:06:21.600><c> nft</c><00:06:21.840><c> is</c><00:06:22.080><c> a</c><00:06:22.199><c> bit</c><00:06:22.259><c> like</c>

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spend so much money uh nft is a bit like
 

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spend so much money uh nft is a bit like
long<00:06:22.560><c> time</c><00:06:22.680><c> there's</c><00:06:22.979><c> been</c><00:06:23.100><c> a</c><00:06:23.220><c> case</c><00:06:23.340><c> where</c>

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long time there's been a case where
 

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long time there's been a case where
somebody<00:06:23.819><c> just</c><00:06:24.300><c> wrote</c><00:06:25.080><c> a</c><00:06:25.319><c> function</c><00:06:25.620><c> for</c><00:06:25.919><c> uh</c><00:06:26.160><c> I</c>

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somebody just wrote a function for uh I
 

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somebody just wrote a function for uh I
think<00:06:26.580><c> it</c><00:06:26.759><c> was</c><00:06:26.819><c> a</c><00:06:27.000><c> potato</c><00:06:27.180><c> or</c><00:06:27.600><c> something</c>

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think it was a potato or something
 

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think it was a potato or something
and<00:06:29.940><c> the</c><00:06:30.360><c> ver</c><00:06:30.539><c> the</c><00:06:30.900><c> volume</c><00:06:31.020><c> is</c><00:06:31.440><c> like</c><00:06:31.800><c> pretty</c><00:06:32.340><c> uh</c>

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and the ver the volume is like pretty uh
 

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and the ver the volume is like pretty uh
variable<00:06:33.360><c> so</c><00:06:33.840><c> it</c><00:06:34.259><c> might</c><00:06:34.380><c> not</c><00:06:34.560><c> be</c><00:06:34.860><c> uh</c><00:06:35.580><c> the</c><00:06:35.880><c> the</c>

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variable so it might not be uh the the
 

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variable so it might not be uh the the
best<00:06:36.240><c> trading</c><00:06:36.660><c> for</c><00:06:36.840><c> like</c><00:06:37.020><c> a</c><00:06:37.139><c> high</c><00:06:37.319><c> volume</c>

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best trading for like a high volume
 

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best trading for like a high volume
um

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um
 

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um
Trading<00:06:39.960><c> Company</c>

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Trading Company
 

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Trading Company
and<00:06:41.520><c> yeah</c><00:06:41.639><c> there's</c><00:06:41.880><c> like</c><00:06:42.180><c> different</c>

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and yeah there's like different
 

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and yeah there's like different
resources<00:06:42.960><c> we've</c><00:06:43.199><c> been</c><00:06:43.319><c> working</c><00:06:43.500><c> on</c><00:06:43.740><c> a</c>

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resources we've been working on a
 

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resources we've been working on a
extension<00:06:44.880><c> which</c><00:06:45.240><c> shows</c><00:06:45.660><c> like</c><00:06:45.900><c> Mev</c><00:06:46.620><c> activity</c>

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extension which shows like Mev activity
 

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extension which shows like Mev activity
phishing<00:06:47.520><c> activity</c><00:06:48.199><c> and</c><00:06:49.199><c> yeah</c><00:06:49.500><c> time</c><00:06:49.800><c> is</c><00:06:49.979><c> over</c>

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phishing activity and yeah time is over
 

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phishing activity and yeah time is over
here's<00:06:52.020><c> the</c><00:06:52.139><c> sources</c><00:06:52.560><c> thank</c><00:06:53.100><c> you</c><00:06:53.220><c> so</c><00:06:53.400><c> much</c><00:06:53.720><c> uh</c>

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here's the sources thank you so much uh
 

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here's the sources thank you so much uh
thanks<00:06:55.080><c> to</c><00:06:55.440><c> Alan</c><00:06:55.919><c> Bert</c><00:06:56.220><c> Miller</c><00:06:56.900><c> and</c><00:06:57.900><c> so</c><00:06:58.380><c> many</c>

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thanks to Alan Bert Miller and so many
 

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thanks to Alan Bert Miller and so many
more<00:06:58.740><c> maybe</c><00:06:58.979><c> I</c><00:06:59.280><c> I</c><00:06:59.639><c> forgot</c><00:06:59.940><c> some</c><00:07:00.680><c> and</c><00:07:01.680><c> you</c><00:07:02.100><c> can</c>

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more maybe I I forgot some and you can
 

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more maybe I I forgot some and you can
find<00:07:02.280><c> me</c><00:07:02.460><c> on</c><00:07:02.580><c> Twitter</c><00:07:02.759><c> under</c><00:07:03.240><c> uh</c><00:07:03.720><c> filmfronts</c>

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find me on Twitter under uh filmfronts
 

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find me on Twitter under uh filmfronts
thank<00:07:04.979><c> you</c><00:07:05.100><c> so</c><00:07:05.220><c> much</c>