[00:00:01] Welcome to Crypto Talk Radio, the podcast for everyday investors like you. Visit us on the
[email protected] and now here's your host, Leister.
[00:00:13] Thank you for that, Bailey. And welcome, everybody out there in Crypto Talk radio
[email protected] to everybody listening, I want to say I appreciate you listening. I appreciate that you're here.
[00:00:25] I want to be transparent. Full transparent, as much as I can do.
[00:00:30] I am watching what's happening in cryptocurrency, and it's like, it is so terrible. Like, I. I don't really understand why it's so dull. There's nothing of significance happening. I will talk numbers, but it's so dull.
[00:00:51] I'm surprised because I would have expected something by now, especially with the government opening back up again.
[00:00:59] I'm gonna do the best I can with what I see. I can't make any promises.
[00:01:04] I'll do the best I can. What I see, I didn't. I did, but not really. But I bought some more precious metals just because, you know, that's what I'm doing. I'm still waiting on that to get shipped over. That's some gold notes, or gold backs, rather, because I'm really. The Arizona line just came out, so I had to get those for collector's reasons.
[00:01:28] And plus, I got. I think there's some silver in there, too. I don't remember. I know I got the gold backs because I got the special edition ones on that one. I got a feeling about those gold backs. I. I can't put my finger on it. I got a. I got a feeling something's gonna happen with those at some point, especially because if there's going to be more money printing, which is kind of open theory that there's going to be some more money printing. I know that the continued resolution is supposed to cut spend, but I get the sense that there's going to be some money printing happening here soon. It feels like there's a bubble.
[00:02:04] Home mortgage rates are not dropping at the same pace that I would have expected them to by now, which I'm waiting because I want to. I'd love to do a no appraisal, refi. Just kind of get the rate down. I don't have to, but I figured, you know, why not?
[00:02:18] So there's a lot that's kind of in the air, but it just feels like a bubble. It feels like things are not really moving like I would expect it. Democrats losing. Well, to see what that does to the market. Them bowing down to the king.
[00:02:31] Let's see what happens there.
[00:02:34] Let's do some numbers again. It's boring. So I'm going to be, I got one or two spot things and then I've got a, a believes update. It's, it's, it's not a bad thing, it's a good thing. I'm giving a shout out. But a blee update, it's, it's designed to help some other people understand because you might have heard some of my updates and his hopefully helps you understand where mine was coming from.
[00:03:02] Coinmarketcap.com we're going to zoom out to the month chart for Ethereum which is showing a middling trend.
[00:03:10] Not quite a downward, but middling I would call it currently at 3500 bucks per Ethereum. That is, I wouldn't say a terrible price per se, but it's still middling as in it's not like crapping like it was before because I think we got, they went like 2900 bucks a little while ago. Didn't. It was down, it was down a bit, didn't stay down, but it went down that far and then you know, start to kind of come back up. But it's still in the middle.
[00:03:37] Bitcoin, 103,000 bucks as I record that and it's not significant down either. But it's also nowhere near the, you know, 110 to 120 range. And some people I saw on YouTube swore Bitcoin was going to go back up to the 130 some odd range. That has not happened yet and I don't see a trend in that direction.
[00:03:57] Da Vinci, Jeremy's done it. He did an update where he was talking about concerns about bitcoin too.
[00:04:03] Is this one of those false flag situations where they're just doing that to trigger people? I don't know and I can't say I. Again, I said it's boring. I don't see anything significant. Just looks boring. That's, that's my best description for what I see. Like there's a lot of stuff happening but there's not really significant activity like I would have expected to do on bitcoin specifically. Then it seems like there was a lot of, there was a lot of.
[00:04:36] I don't know how to describe it.
[00:04:39] Let me try to do the best I can to simplify this because I don't want to over technical this kind of situation.
[00:04:46] Some people speculated that what might be happening is there's a lot of technology that's being pushed in supporting artificial intelligence.
[00:04:59] And some people theorized that there was going to be money moved from Bitcoin holdings, as in sell off, to put into supporting investments for this artificial intelligence push that they think is going to happen in the next three to five years.
[00:05:23] So in other words, this, that Bitcoin is suffering under the theory. And again, it's not confirmed, I can't verify it, but the theory is that people might have been selling their Bitcoin to supplant what they believe is a rush towards AI.
[00:05:42] I saw another guy somewhere on X. I don't remember the guy's name, but he's apparently some well known person. I had never heard of him, but he had done a. He had done a short on AI based assets and it was like 10 million bucks or something, but he did a massive short. And people are like, what the hell's wrong with you? AI is the next big thing.
[00:06:01] He's like, AI is a fad. It's not gonna last. You guys are crazy. This is gonna crash. It's another bubble.
[00:06:08] What do I think?
[00:06:10] Do I think it's a bubble? No. Do I think it's a fad? Do I think. No. Do I think it will last? No. I think AI.
[00:06:20] It feels like we can take some of the thought behind AI and apply it to something that we haven't found yet.
[00:06:31] But what we currently call AI and implement it as AI.
[00:06:35] It is absolutely not ready for primetime. Like GROK gets stuff wrong all the time. Chat GPT gets stuff wrong all the time. To the point that I think it was. I don't know if it's Google. One of them had to put up a disclaimer that said you got to verify what this says. Don't just take it on face because it's getting it wrong.
[00:06:54] Because I told people all it's doing is training off of searched information.
[00:06:59] The veracity, look it up of that information is in question. It may not be true, but there's some people that are taking it on face. Like there was a kid and he took some, apparently he was like really depressed and he talked to ChatGPT or something and it essentially guided him to take actions that led to his suicide. Like this is real that the AI.
[00:07:22] I don't want to say fad because that's not the appropriate term, but it's like there's no way this is going to really sustain. There's no way that we're going to get anything out of this.
[00:07:32] But we can use some of it to support something that doesn't exist yet.
[00:07:38] The Best analogy I can give you is HD dvd. HD DVD was. If you think of the name, the name is perfect.
[00:07:48] It's HD dvd. Next evolution of dvd Lost the war, Lost to Blu Ray. Blu Ray with a terrible name.
[00:07:56] Completely lost. HDVD quits the business.
[00:08:01] But the concept of HD DVD laid the foundation for what we would get for Blu Ray.
[00:08:09] The concept for plasma laid the foundation for what we would eventually get to with oled.
[00:08:18] I remember going down to Fry's Electronics with a friend and they had it. I think it was AT and T even video phone.
[00:08:27] And people scoffed at it. People would walk by laughing, what the hell is this? Why would anybody want to do that? So stupid.
[00:08:33] Fast forward and you got people on I, whatever it is, doing video with their friends and family and we take it for granted. My point is that I think AI, there's some lessons to be learned from what it currently has available, but the current form of it is severely lacking from, oh, it could just write code for you and then we find it's got all sorts of security bugs, it's got sort of issues and gaps and breaches and things because you don't have that human context of what to look for.
[00:09:09] The software simply is not built to do that.
[00:09:12] So this guy, he's like, I'm going short on AI because I don't think it's going to be anything. I honestly don't. I think it's going to crash and burn.
[00:09:20] So this whole push, alleged push of selling of assets to dump into supporting AI technologies, I thought back to that guy who was shorting AI based stocks because he's like, this is not going to sustain.
[00:09:36] I'm interested.
[00:09:38] And I gave my stance that I, I think current AI is a, is not a fad. It just, it feels half baked. It feels like dangerous, frankly. Feels like we just, we're not thinking it through and we're rushing to shit. Like every search engine now other than Gabiru has the fucking AI on the response like, dude, what the hell? Why are you trying to take away People's being forced to think for themselves. That's why we have right now people that didn't understand that yes, Democrats shut down the government. That's why it was only Democrats that could reopen the shit. This is because they can't think for themselves to understand. They're just going with what they're told, that it's all Trump's fault. No, the Democrats were the only ones who could reopen the government because the Republicans needed a certain number of votes and Democrats held those votes and they held it hostage. They're on record saying for leverage.
[00:10:32] Seven of them came out and said, this is our leverage. We're doing it for leverage. We're doing it for leverage.
[00:10:37] So then people are talking about the SNAP benefits.
[00:10:40] They're losing the snap benefits because all those people cared about is the health care for illegal immigrants, which that's what that would have done.
[00:10:50] Those people say, well, it's going to drop our rates. It never was going to drop your rates. It never did. The rates went up when that health care passed.
[00:10:57] The other side is trying to get the rates down. They can't do it if we keep renewing it and dumping more money into it, which is what caused them to say, okay, we're gonna fund on continuing, let this expire. We'll negotiate what it is and create a new plan. They have to let it expire before they can spin up something new. So it is strategic on both sides. I'm saying that these people that are blindly listening to AI telling them a thing or influencers telling them a thing, they're falling for the trap.
[00:11:28] They're getting the wrong information because they're not challenged to think for themselves.
[00:11:32] Meanwhile, both sides, it's a strategic. On both sides. This side is trying to change the healthcare stuff completely because I think it sucks. This side is trying to keep it and tump more money into it, which makes it worse on everybody. No matter what you do, whatever side you take, nobody wants to take the time to really analyze the damage wrought by the current healthcare system. It damaged.
[00:11:57] It raised rates, it raised your co pays, it raised deductibles by in.
[00:12:03] It made it significantly worse. And then the burden went on employers because the employers were paying part of it, subsidizing part of it. And I can speak to direct experience on this. It was crazy experience. I was footing the full bill.
[00:12:16] This is 2021. I was footing the full bill for my two workers of health care. I didn't want to have a health care bill at all. I at all insurance. I said, I'll foot the full bill for their insurance. I don't want them to have to pay part. I'll cover all of it. That's one of the perks of my job.
[00:12:36] You hear me say that. You're like, nobody does that. You're right. I had to fight to do it. The. The freaking company wouldn't even. They're like, are you sure, dude? What are you talking about? I want to pay the full thing. I have enough money to do Was crazy expensive even when I did it. The deductibles, you're talking 7,000 bucks. Most of these kids don't have that.
[00:12:56] But that's the reality of what was wrought. Look it up from Obamacare.
[00:13:05] All that did is it opened up floodgates for the insurance companies to charge more money. So the sides that put on that freeze were trying to do everything they can to let it expire some of the subsidies and things and put a new thing in, negotiate. Let's create a new one, let's solve it, let's fix it in negotiations. Let's not hold up budget now. We can still let the government run, but this one's going to fall out while we negotiate what it needs to do. So temporarily, there'll be a little bit of pain.
[00:13:32] It's only pain because of this dependency over here that largely benefits illegal immigrants. And on the other side, that was their focus. We don't want to lose it, want to put more money into it for another four years or whatever.
[00:13:45] This side wants to fix it, this side doesn't want to.
[00:13:49] Both are strategic.
[00:13:51] You have to do the deep analysis. You have to think beyond what you're told and realize, okay, they both are making a case. I got to think about my situation. I got to think about what it was before Obamacare. I got to think about, am I on snap if I'm not? What if I needed to be? I think about all that critically think it and then come to a consensus. And you're trying. You're most likely, if you critically think it out, you're going to realize that what the Republicans did this time is probably the right answer for the long game.
[00:14:21] It's going to have short term burn the airports and the delayed flights. That always happens.
[00:14:27] Trump put out a thing talking about, you need to get back to work right now. Because furlough, this is not just the federal government furlough, says you are an employee and you will show up to work even though we don't have to pay you. That's. That's furlough. It's a, It's a form of slavery. I said it. That's what it is. I worked at one company that had a furlough situation they didn't tell me about when I applied. They didn't tell me about the furlough thing. So I get there and then I just started, and then all of a sudden I think it was that Thursday.
[00:15:00] They're like, okay, it's a furlough day. I'm like, what are you talking about? Yeah, so don't come in. You're not working.
[00:15:07] You know, for me it's like, don't come in, you're not working. I'm like, okay, but what does that mean? It means don't come in because it's a furlough day. So then, all right, we get past that. So I'm figuring, okay, maybe it's a one time blip. So now I'm new, okay, I start. Then there's another furlough day. They're like, you still gotta work. Like, what?
[00:15:28] Now that you're on, now that you're past orientation, all that. This is how it works. We have furloughs and you still have to work, but you don't get any money. I'm like, I just started.
[00:15:37] I need to get my money here, okay? I just moved. Here is an expensive relocation. I need to get my money.
[00:15:44] No, you don't get. No, no, no, no, no, no. I need to get. But they weren't hearing me. And then eventually we got them to negotiate down. It's like, okay, for new employee, fine, we'll give you a little slide. But it was. No, it's brutal, it's painful, and I should have just quit, but I just moved. I relocated for that job, which in hindsight, I had to get away from where I was. That. That was not negotiable.
[00:16:09] However, what I ideally should have tried to do is talk to the CIO and see if he was willing to override the idiot director that caused the thing in the problem to fall out.
[00:16:23] I don't know if I would have won that battle, but that's what I should have tried to do.
[00:16:27] Chances are I would have been called into a room with the idiot director, with the director of the other place that I was trying to work with, and the CIO to try to sort it out. And it wouldn't have gone anywhere. My guess is it wouldn't have gone anywhere, but that's a guess. I don't know. So I'm saying that my decision to accept it, there were things I wasn't told. That was just one of many things that was problematic about that move. It was. Everything was bad. The hotel that I was at for the interview was bad.
[00:16:54] The start, that furlough chaos, the other department stuff, the PIP that I'm like, pip or what? There's all sorts of bullshit with this one. The point though, that I'm saying is furloughs I've always said should be outlawed because it's like, it's a form of slavery. You're forcing them to work and they cannot get paid. So Trump's saying you need to get back to work.
[00:17:16] Is because if they are under this federal deal and the furlough is part of the agreement, work agreement. So you knew about it. You are required to work.
[00:17:27] What I wanted from many of them is to just quit.
[00:17:31] I don't know what their contract might have been, but if they don't have a contract that compels. I just said quit. Just quit. Why do you stay? We had this happen before. Every time there's a shutdown, the air traffic controller people, they just don't show up to work. They call in sick.
[00:17:46] Quit, please.
[00:17:48] It's the only way to force change. And then as part of the negotiation, I'm not going to accept this job if there's a furlough. There will be no furlough requirement. I will always get paid. And you force it. And they say, no, you can't. Okay, I'm not taking it. If enough critical mass pushes back against that bullshit, they have to change it because they can't fill the roles. This is what happens. Tens of thousands of flights get delayed, people are impacted, logistics are impacted.
[00:18:16] This is why I wanted these people, these cowards, I'm going to call them that. To quit.
[00:18:22] Stop just taking time off. Stop doing that. Quit.
[00:18:27] If you're in a locked in contract to me, there's a legal case. I'm not a legal expert, but there's a legal case to be made that you can terminate at will if you're not paid, if you're not compensated for the work that you do, there's a possible legal case. I don't know. I'm saying find a way to sever it so that we can push change. So that if it's your dream job, let's say we got to get to the point that we stop you from being forced to work for free because it's a form of slavery. I'm your advocate, but I want more courage.
[00:19:05] Quit.
[00:19:07] Don't, don't take that. Don't take that. It's bullshit. You know it is. Quit.
[00:19:12] Maybe there's a compelling reason why you can't that I'm not aware of. I just, I feel it just sucks. It sucks that that's happening. But I hope, I hope that there's getting, you know, something a little bit better in the future, in the distant or close future. I'm not sure I'm going to wrap up today's episode by talking about a video this is by Bleeves, and I'm giving him a shout out. It may seem like I'm criticizing. Trust me, that's the last thing I want to do on this one because I thought it was a great video for what it was.
[00:19:47] Some may have heard my pushback on the marks that are out there over time. You know, some of the, the. The cult DS and the SEUs, you know, the, the Die Hards.
[00:20:00] You've heard me. Okay. It's just I have to come back at them because I had an interaction elsewhere. Older guy, he had to be like in his 70s.
[00:20:11] And he said, and I'll paraphrase, but he said, if you have a mortgage, you own your home.
[00:20:17] This is a idiot. If you have a mortgage, you do not own the home.
[00:20:24] You do not own the home. Even if it's paid off. You do not own the home because you do not own the land.
[00:20:33] Since you don't own the land, if you don't pay the property tax, your house is taken from you. You can't own something that can be taken from you. It doesn't make any fucking sense.
[00:20:45] There are certain things that cannot be taken from you by law.
[00:20:52] Your life.
[00:20:53] Except when you break the law to a certain degree. And that's why there's degrees of crime to get to a death penalty. And even then it's not consistent in areas. Some areas outlaw it. You cannot do it because in their mind, your life cannot be taken from you. It's sacrosanct.
[00:21:13] Certain things cannot be taken. Things.
[00:21:16] Your house can be taken from you. The IRS can take it. If you're enough of a deadbeat that they justify that. You're just, you're just straight up ducking. We're taking that house. They can do that. If you get arrested because of robbery or something else, your house can be seized and sold off. If you don't pay your mortgage, the bank can seize it. The HOA can seize your house. If you do a modification without their approval. Tons of people can take it from you. That means you don't own it. And it's a 70 year old. He knows better than that. But he's just. He is so much in the matrix, plugged in to what social media is telling him that he doesn't get it, that no, you don't own that. So I had to come back at this dude because he started using terms like you're a child and you're this, what the fuck are you talking about, dude? I'm telling you the truth, that you can Go search yourself. That's why I said AI is dumbing people down, even the old people, because a basic search and due diligence.
[00:22:08] Fuck that. Call the bank and ask them, do I owe my home if I have an active mortgage? They'll tell you no. They'll say, you own your home when it's paid off. That's still wrong. But while there's a mortgage, you damn sure don't own it. That's common sense. Okay?
[00:22:26] So I had to come back at him. I don't like doing that, but I have to because some of these people do not understand how to have a conversation. I don't initiate.
[00:22:37] I respond and I respond. And I am straight line. You only get one shot to fuck up. That's just what I am, right? And I'm a straight shooter in the world of sensitivity. So if I tell you that you're a mark and you get offended, instead of saying, let me think about why he perceives me that way. I always have telling every single one of them why I'm calling them what they are. It's easy. What is a mark? A mark is somebody easily duped to do something. That's what you are.
[00:23:05] So you should say, okay, what am I being duped by? Who's duping me? What am I being duped to do? It's obvious, right? So if you're in this and you believe this person telling you something's going to go to the moon, do, do, do. There's no evidence of it. You just taking the word for it. That's a mark. There's no evidence of what you're doing. You're just being duped into something. This has happened countless times, countless projects, okay? That's why I call people marks, because I see when that's happening.
[00:23:32] I have no problem with somebody who's optimistic. Cost. I've had people, a liberal who said, you know, we want this to work, but I'm just going to try and I only toss 50 bucks and I'll just see what happens. I celebrate that. There's gamblers a roll the dice on Seifu. I celebrate that. That admit I had a guy who said, this is my Vegas. I celebrate that because you're admitting the truth.
[00:23:55] It's the ones in denial. I'm like, dude, really?
[00:23:59] Denial? And the ones who respond to a regular conversation or regular inquiry with an attack, like Reed Mark did on Block Deck.
[00:24:11] This you just now learned how easy it is to interact with Leister Critical Talk fm. I'm a simple individual. I'm a straight shoe in the world of sensitivity. I straight line, call it what it is. You can come back and we can have a conversation.
[00:24:26] Your initial should not be to get offended because I call you a mark. You should say, I don't want to be called a mark. Let me understand why he feels that way and I'll straight tell you. Then you change the behavior and we're good.
[00:24:37] Or you're fine with your behavior. You're fine with who you are. You're fine with what you do.
[00:24:43] Okay, as long as you don't come back at. That's cool too. As long as you don't come back at me with these derogatory terms. Mark is not a derogatory term. It's a textbook definition.
[00:24:54] Derogatory.
[00:24:55] Calling somebody a child, saying, you know, ignorant or unintelligent. These kinds of things that are an attack that's in it. Those are attack words. And you're doing it because you don't have a rebuttal. Somebody's called you out on shit and you don't have a rebuttal. So you have to resort to these childish type things.
[00:25:14] You're a mark and you're going to stay that way. Like I said, the mark common. This is. That's normal, right?
[00:25:20] Bleeves has had these kinds of outbursts before.
[00:25:24] This one I thought was one of his slightly better ones.
[00:25:28] I like the Saitama ones better, but this is slightly better than some of his recents. Like he, he seemed like he staved off and then now this one I thought was really good.
[00:25:37] The background of this is that he is really strong on this Devi and Devi that there's this whole, I consider kind of a pyramid ish thing with Dev sphere and Devi and Dev whatever that alluded to a NASDAQ and SEC type thing.
[00:25:56] And this is the reason he feels like it's going to have this major whatever.
[00:26:00] There's really no evidence of any of it yet, but he's strong on it.
[00:26:06] Something happened where one of these announcements, it talked about a number of tokens. It's similar actually to Block Dagger and this whole, you know, 86 million and this whale or whatever that's going to buy in to the project that hadn't done so yet. It's the same kind of concept where I guess some of these tokens were going to be sold or provided or whatever to this other dev something. And he considers it a very strong positive something. But he had questions. He had a question about essentially where the tokens going to come from are they going to come from the circulating supply, the total supply, the max supply, because that affects liquidity. Right. And it's the same question with black deck.
[00:26:45] Just to clarify, if tokens are in circulation, right? So they're already part of the active set pool. And you then let's say you sell this many tokens to a bunch of people. So you get them from market. So you put them out and you say we're, we're trying to buy these and you put them out and you say, okay, pay us this money and then we'll give you those tokens. And then you're, you're holding the floor, as it were.
[00:27:11] But now the liquidity pool swells up. Well, that's going to skyrocket the price because there's significant liquidity on the, let's say balance sheet available. That just a major infusion of funds to the existing set of tokens that's there.
[00:27:28] But if you were to do it off of the total supply. So let's say, let's I'm use block DAG. I'm just picking on their current expected supply is 50 billion tokens.
[00:27:41] The max supply is 150 billion tokens.
[00:27:46] So they oversold. Right. And so there's only so many tokens. And there's a form of dilution that necessarily happens, especially when you get to 50 and you're going up to this 150 billion tokens, there's a dilution that happens and the inverse might happen because if there's providing these tokens that are not currently in circulation, you might have a positive, but you might have a negative depending on how that transaction happens at OTC or you know, is it exchange? What's, what's the mechanics. So I think this is my lens. I think please was trying to just better understand what's the nature of this transaction so he can kind of apply it to what would be the impact on the price of the token. So I'm simplifying it for you to understand his outburst.
[00:28:34] Apparently this didn't go very well in the, wherever he was going. Telescam or something, I don't know. But apparently this didn't go very well because somebody named Phil came back at him and basically was attacking him, saying he was essentially saying he was a fudder and talking about he's, you know, causing harm to the price. And it all went to whether they're going to be selling on the chart and all this. It was a bunch of nonsense.
[00:29:00] But I thought it was really, I thought it was telling, I guess that there was so much defensiveness about answering a basic question that has significant potential impacts on the price of the project. This is what the same thing I'm seeing on Black Dagger you don't want. And this why I said I, I have no confidence in Devi because it says, why are you guys so defensive in answering a basic question from investors about something that might have a significant impact on the project? Block Deck has the same damn thing.
[00:29:36] That's why I said they all do it. All of these cryptos that are not the main line. They all do this shit of we're just not going to answer these basic questions from investors.
[00:29:46] And then we have mods or whoever. I don't think this guy's a mod, but you have people to come at whoever asking questions. And boy, bleezes Snap was I want to first give him kudos. It was amazing. It was good.
[00:29:59] It was very well done. But yeah, he was just. He essentially said, you know what I said, say whatever the I want to. I can ask whatever I want to. I can do what I want to. I don't work for you. I'm summarizing and paraphrasing, but that's the gist of it, right? And he's right. He can ask what he wants to say what he wants to do. It's his channel. Ask whatever questions he can challenge and question and everything else. As everybody listening to me should, no matter what the project is.
[00:30:26] I'm imploring that kind of response. That's what you should always have. You have a voice. You should always feel that you can ask the questions and say whatever and not have numb nuts in the Telescam or the Reddit or the Discord or the Facebook or the Twitter X or whatever.
[00:30:44] Telling, shooting you down and pushing you away.
[00:30:48] That's a red flag. It's an instant red flag because reputable businesses welcome the smoke. They want to hear that stuff. They want to be transparent.
[00:30:59] Now, it's possible, entirely possible, because I didn't see the nature of the question that was asked in the way it was asked. But it's possible that it was asked in a cautionary way that caused people to be a little bit hesitant or make people nervous. Maybe I doubt it, but that's possible. I didn't see it. Like I say, but at the end of the day, you still have the right to understand what's going on. When you got money in something as he has money in that he has right to ask questions. And you should have the right to, and you do to Ask whatever questions that are burning on your mind.
[00:31:35] I saw that some people were. Like with Libero, for example, there were people getting banned from the telescam. That happened also with Block Dag. That, like, there's. That's the default response. All of them do it. Shinja. All of them do it. They all do that same.
[00:31:53] How can it then be that they're legitimate when they don't want to hear your questions, when they don't want to hear your concerns, when they don't want to address them?
[00:32:02] That's why my channel exists. That's why I do what I do.
[00:32:08] I'm simply calling it out. I'm. I'm. I'm actively looking for a project that wants to act like a real business.
[00:32:15] The closest that I had was Eth Jets. That was one I did a while ago. I thought that was gonna be huge because it sounded like it was gonna be something.
[00:32:24] And I interviewed Nick.
[00:32:27] We did the show, sounded really good. And then Nick dropped off, and apparently they had. They were talking illegal, and they found out that there was some concerns with the ability to pull it off. And so it essentially died off. I think it died, but it was the only one that felt like it was going to be doing something. They were answering questions. They had no. They welcomed the smoke. They came on the show.
[00:32:50] That's what I'm looking for from some of the project, and I just don't see. See it anywhere else.
[00:32:55] So if you hear me or somebody else literally snap off, you have to understand we don't do it because we want to. We do it because we must, because we have a voice.
[00:33:06] And if we happen to have some sort of stake, we should be able to express it, as you should, and you should not feel stunted by any project.
[00:33:16] The reason that they're able to get away with this scum is because people let those people trample all over them. Instead of pushing back and saying, I want my questions answered. I'm not giving my money. If enough people do that and they're forced to produce that, things will change.
[00:33:34] This is why I say crypto's boring.
[00:33:37] More people are being picky, let's say, about the project versus the wild west of 2021.
[00:33:46] The downside of that is that a lot of projects are getting a lot more, let's say, efficient at hiding whatever's going on under the hood to where, you don't know.
[00:33:58] It might be that it legitimately loads something up in front of you, but under the hood, they're draining out of the project. You don't know it.
[00:34:07] So my caution as I close is simply if you hear us go off, it's because you we have a voice and they are not allowed to suppress you. They can do whatever they want in their telescam, which is why I don't support telescam. So push them.
[00:34:26] That telescam should not be the only conduit for information. It needs to be a place that you can go because you are an investor. You have the right to do that.
[00:34:35] If you don't push them, if you don't force the issue, it'll keep happening and you'll keep losing money. And that's the message.
[00:34:43] So kudos to Belize for having a snap moment again.
[00:34:46] That was good. Not as good as the Saitama ones, but still good for what it was.
[00:34:52] This is normal. This is what normal people do, right? We don't hide off in the corner, refuse to go on shows like Markhamed, you know, we don't sit and hide in the telescam.
[00:35:05] We force and say, hey, look, this is the question I got. Don't come back at me like that. It's a valid question that I have the right to ask, and I will ask it positive.
[00:35:16] Perfect.
[00:35:18] Please think through why your project refuses to address your concerns when you have them.
[00:35:27] Consider, did you just FOMO in? And then later you hear those red flags.
[00:35:33] If you're waiting till after you gave them your money, it's already too late. This is not about any one project, by the way. It's just in general.
[00:35:41] If you FOMO and then you try to get answers, you're doing it wrong.
[00:35:46] You should be skeptical until they prove it out. I've said that for years.
[00:35:51] Be skeptical. It sounds too good to be true. It probably is. So they got to show something.
[00:35:57] If they show something, then you can join in and support and hopefully not put too much.
[00:36:03] It's the FOMO that's causing you to hesitate. That's why I'm putting this out. And I thought it was good with leaves that.
[00:36:10] No, he has a bag in there. He still believes in it. He just doesn't like the way he's being treated. Same thing happened with Volt, and we saw where that went.
[00:36:27] Sam.
