Episode Transcript
[00:00:00] Out of Cycle Update.
[00:00:03] The numbers don't lie and they spell disaster for you.
[00:00:07] We gotta call it Block Dag Math CryptoTalk FM. My name is Leister. I'm your host. A user on CoinMarketCaps community broke down. What's going on? Binance Stuff talked about this, but a user broke it down in exquisite fashion and I thought I would share it for those some of those marks because there's some Stockholm syndrome marks in the block that community. And I'm not telling you what to do with your cash. I'm telling you that the math isn't mathing as I think Binance Stuff even had a video on that one. But here's what this person said. So right now, Block Dag has this advertised price of $0.03, right?
[00:00:42] And this is an increase over the, you know,.0016 prior price. Now, just to be clear, there's actually three prices in play. The $0.03 that's being advertised, the.0016 effective, which is a different thing, and then 0013 for certain people.
[00:01:01] Let me break down what the person's saying. We'll get back to it. User Bahadir NYC says quote, if you buy a hundred dollars of b dag at $0.03, you get 100 divided by 0.003 equals 3333 bag.
[00:01:19] With the 2049x bonus that becomes 3333 times 2049 gives you roughly about 68,300 BDAG.
[00:01:32] Compare this to before when the price was.0016 100. So that's the same hundred dollars divided by.0016 equals 62,500 bday. So right now you actually receive more coins at $0.03 than you did when the price was 0.0016 because of the artificial bonus. That means the real effective price is 100, right? Divided by 68,300 gets you 0.00146 per b dag. I checked their numbers. It's clearly a scam trick.
[00:02:11] Stop. And he says a lot of other stuff. I do recommend you check it out. But this is where we get back to the real. The real price, which is.0013. That's actually the real price. The bonus is simply a trick. The bonus is simply vested tokens. They're locked up, so let's sell them to you. And they're truly that, you know, but they're. They're locked up. It doesn't really matter. The true price is.0013. That's the real price, and I can prove that.
[00:02:38] So all those people who say that, you know, it's going, it's moving, yeah, sure. It's all trickery. I'm not telling you with Dutch cash. I'm just telling you the math's not mathem. And the numbers do spell disaster for anybody who puts significant amount of money in this.
