Episode Transcript
[00:00:00] Out of Cycle Update.
[00:00:04] And it feels. It feels so good to be rugged. So bad a guy can't even eat in peace. That's how bad this garbage is. CryptoTalk FM. My name is Leister. I'm your host. Normally, I wouldn't do this.
[00:00:22] I want to eat. I got my food. My food's right here.
[00:00:25] Good soup. Better than I thought it would be. Chips are amazing, as they always seem to be. That rhymes. And my sandwich, Everything's ready. It's ready for me to consume as I sit and enjoy. I had a long day at my job because I'm not a gambler like some of you. I work a job. That's where my money comes from. That's why my channel is not monetized, nor do I plan for it to be. It doesn't need to be because I don't need to rip you off, right? I don't need to waste your time. I don't need to shill you on stuff. I just do coverage. And the truth is, despite my every effort, I've tried this. I've. I've said, just give my credit. I've tried. I've implored people to come back and give me my credit for calling things so spot on.
[00:01:10] It's amazing to me that people still don't get it. I've warned and I warned repeatedly. That rhymes. And despite my every effort, it failed. So here's what happened. Allegedly. I can't prove this, but the beauty is that you can go to the site yourself and see it yourself.
[00:01:25] But allegedly, Block DAG has launched deposits. They've opened deposits. They told the exchanges it's okay to allow deposits for the vast majority, not all of them, of the tokens you were sitting on, the coins you were sitting on.
[00:01:41] Now, of course, if you were buying during the pre sale, maybe you got tens of thousands, maybe you got hundreds of thousands, and maybe you put hundreds or thousands of dollars in it. You felt like you were sitting pretty all the while.
[00:01:54] There was a time There was only 50 billion in coin supply and then they increased it to 150 billion in coin supply. So despite your hundreds of thousands or tens of thousands, you were still just an ant in the hill. And I tried to tell people the price you saw on we bought is the real representative price. Because if you look at the total supply, there's no way what you put in equates to the amount of coins that you ended up with. They lied to you. They lied to you when they told you about the 5 cents. They lied to you about the various launches and about the different exchanges and everything else. Remember by now we were supposed to see Hyper Liquid, we were supposed to see Didex. We saw neither of those. They've been scrubbed off the site. Split. Speaking of what else has been scrubbed off the site, Joshua Sack, who was previously allegedly in charge of the miners, is no longer there, no longer with Block Dag. It's now just CEO and Jeremy.
[00:02:49] Okay, I'm not even going to talk about those two. It's not worth it. But something else was brought to my attention. If you look on the main page, they've changed all the different wallet addresses which are supposed to be the breakout of all the tokenomics, how the tokens are distributed and they now have gotten rid of any mention of minor rewards. Remember you were supposed to get miners like last year. There's no longer mention of minor rewards, only staking rewards. Why? Because you only have a layer one chain that's essentially a copy of Ethereum and or one of the other layer ones. It's a regular Ethereum chain that's proof of stake. That's why you can stake in a proof of stake there'd be no mining.
[00:03:29] So I'm just simply saying they have gotten rid of any mention of minor rewards on that list. So if you're waiting on miners, just FYI, that means you're gonna get miners, not gonna get any rewards. Why would they not list the rewards anymore? That's all I'm saying. But also it looks like I'm saying it looks like they may have increased the max supply and just decided to print another 100 billion tokens out of thin air. Because the if you count the different wallets and the allocations, you come to a number that is greater than 150 billion coins. Now, they have not updated the tokenomics page as of yet, so feel free to go there and compare what they told you before in terms of the distribution and the count of coins and compare it to what's on the front page, which seems to imply that they have magically printed out of thin air, Jerome Powell style and created more inflation to a project. And they did it right when they launched the deposits which made collectively made the coin crap. Because that's what happened. You now had a significant drop over 90% down to the degree we've not seen since Ethereum. Max's crap to the degree we've not seen since Squid games crap to the degree we've not seen since Saitama's crap to the degree we've not seen Since Leash's crap, we've not seen this fast of a crap. I would say Ethereum Max is probably the only one and maybe squid game that I can think of that dropped this rapidly after it got on exchanges. The level of drop is so significant that in certain of the exchanges there aren't even any buy orders. That's how bad it is now. We knew that was going to happen. Some people kept telling me that this fake P2B price of 40 cents was the real price of this garbage. Despite me adamantly telling people about fake pumps and wash trading and they didn't listen. I adamantly and repeatedly told them they were about to learn a hard lesson about how open markets work. Because once the deposits were open, they were going to turn off all those market makers that were creating wash trading fake transactions and you're going to see it crap. Go back and in my archive where I specifically told you that was exactly what's going to happen. That's exactly what happened. And some of those people didn't listen to me. So it is true that I will take a victory lap. Not because I want to, but because I have to. Because it's the only way to educate some of you about how the game works. It was an easy game then. We bought, was made available and at a time it had a pretty decent price to be able to sell and get your money back, even if you did buys and sells directly in the exchanges. And there were people who, who kept saying but my coins. And they sat there and didn't get their money back. And now it's even worse because they're watching the value that they might have had completely diminished. This is easy work. I'm going to stress it again.
[00:06:31] It's easy work. It might recover.
[00:06:35] But I need some of you to resonate.
[00:06:39] You screwed up. You watched the idiot standing on the moon over a year ago and that told you to dump a bunch of money into the garbage. You listen to an effectless CEO telling you all the stuff they were planning to do to basically create a UTXO model and be like Bitcoin. You listen to all the marketing. You listen to the fake Arusha Dortmund and Inter Milan and Alpine and all these that didn't get paid. You listened to phony marketing and you gave your money. The first step is admitting you have a problem beyond gambling.
[00:07:15] Your problem is you don't listen to the right people. You listen to the wrong people. Then when people like myself, the right people, call you out for that bullshit, you don't want to Come back, give me my credit and say you tried to tell me. You tried to warn me. I got a gambling addiction here. I need to go seek help. Thank you for trying to give the warning. I. I'm sorry I didn't listen to you. I'm sorry I treated you that way. I'm sorry I listened to numb nuts who told me everything's gonna be okay. That rhymes.
[00:07:43] Where are we at now? Allegedly the ama because they've been radio silent for almost a week now. I'm talking in terms of days. Radio silent for almost a week, allegedly. There's gonna be more AMA tomorrow talking about the trading. Now we're in trading. Now we're in listing mode. Now we're gonna talk about the listing exchanges and going to hear something to the degree of this is what we plan the entire time. We're going to roll out these changes and obviously we're going to work on the liquidity and obviously we're going to see some price decreases. Obviously we're going to see the arbitrage take over and obviously we're going to get the miners that we're still on deck for May and June. He's going to say something to that degree. You're still going to fall to that bullshit. Now if you still think something's going to happen, these are discounts, right? But if all you're fixated on is your damn coins sitting there, that's consider how much you have, okay? Chances are you only have like 60,000 or 100,000. Do you not understand that somebody can buy right now on the exchange high side of a million, maybe two for just a couple hundred bucks? Do you not understand that if they buy that many of those coins, they can pump the price on all the exchanges right now? Do you not understand that those same people can dump the price? There's no liquidity, there's no buy traffic. There's not enough in the order books to sustain the price. The reason for that is because there is no sustained traffic and no sustained interest because they used fake wash trading bots to create artificial traffic to trigger your FOMO and you fell for it. P2B's price was never real. We bought price was the only real price. The whole time multiple people told you this. Look at the prices.
[00:09:30] You see what we're talking about? We bought price is right in alignment with the vast majority of them. That was fake traffic. You couldn't deposit. It didn't matter. None of those prices matter. If you can't sell at those prices and you couldn't that's where you're at now. Now you can course correct. Now you can get your head straight. Get your head out of your ass and think it through.
[00:09:52] It was easy the whole time.
[00:09:55] Your coins never matter to these people.
[00:09:58] They didn't matter. You opened the door for them to get on exchanges. That's all. You were enabling them to get on exchanges. It was never for you to recoup money off those coins, I guarantee you. Because if it's true that you now have 250 billion coins, that, ladies and gentlemen, is called dilution.
[00:10:18] Not only inflation, but dilution because you now have dumped a significant amount of worthless coins onto the market at the time that there's no demand. And the market does not want them because they can't even absorb the coins that are out there.
[00:10:32] This is the reality. They might tell you, well, we need. We need more supply in order for the tier one exchanges. No, they don't.
[00:10:40] No, they don't. Look how much supply fucking Ethereum has. Ethereum has less than a billion in supply. And yet it seems to manage fine.
[00:10:50] Avax has less than a billion. It manages fine. Polygon has less than a billion. It manages fine. Sonic, formerly known as Phantom. It's managing fine with less supply. They're lying to you.
[00:11:02] They're lying to you. It's the game.
[00:11:05] It's a game.
[00:11:07] You have to understand the rules of the game.
[00:11:10] If you don't want to, that's fine. Just say you don't want to understand the rules. You'll just be a gambler. But then don't come back at me complaining and whining and crying that you lost your money.
[00:11:22] Because the truth is, number one, it ain't lost until you sell. If you sell at a loss, you lost it. Number two, you had an opportunity to listen to those reasonable voices like myself trying to warn you, get your money back however you need to do it. Even if that means buying a little bit more. Trading on the exchanges until you recoup your money and then walk away if that makes you feel better. Or just sit and wait because at least you got your money back. Some of you waited. I had people in the United States who kept telling me, well, the team told us that we bought the scam. But then the team, that same team has now been sending emails that directly list we bought on the email that split. Same team on the website lists WebOT as one of the exchanges. They lied to you. I told you they didn't want you to buy at that price and trade at that price. They didn't want you to make any money. They wanted you to wait until they could dilute the product. Why? I don't have any clue. All I'm telling you is you had a chance if you were in the United States to just get on webot, not believe pathological liars. Do the trade, get your money back, at least put yourself back at net zero and then just sit back and watch.
[00:12:37] Take this as a learning lesson of what you got wrong, because that's the bottom line here. You got it wrong because you're not listening to reasonable people. You're listening to pathological liars. And it doesn't make any fucking sense to me why some of you are so dense. It should, but it doesn't.
[00:12:55] Maybe I've just seen too much, but this was easy. It's easy to predict, it's easy to see what's going on. You're like, well, did you buy a miner? I specifically said that you can go back to my coverage. I specifically said I put money on a miner. I don't think I'm going to get the damn thing, but I don't care. It's throw away money or hardware would show up and it ain't going to do what they said it was going to do. And I can repurpose it for something else. That's been my stance from day one. I didn't expect to get anything for this shit because what did they have? A guy standing on the moon, A feckless CEO, an incompetent marketing dude. That's what they really had. And now they don't have any of the above. They still have the marketing dude. He might as well not be there now because I think, I don't know, I think he's on his way out the door. That's the theory, because this is the longest he's gone without doing any ama. They went radio silent and now it feels like they're kind of giving up. Feels like they just kind of shrugged their shoulders because I don't see any significant thing. And then with Josh Sack being gone, maybe Vander is about to be out the door too. I don't know.
[00:13:54] Bottom line, easy, simple. Next time try listening to the reasonable voices. Try listening to the people who are trying to tell you the truth instead of the people who are trying to tell you what you want to hear, including AI, which is programmed to tell you what you want to hear. Because if you listen to AI telling you that there was an opportunity, just wait, go ahead and listen to AI and keep losing your money or listen to common sense. People that are not plugged into the Matrix that are telling you what you need to hear because we're trying to keep you safe. You have the power. You make the choice. I don't care either way.
