Episode Transcript
[00:00:00] Out of cycle update and it feels. It feels so good to be rugged. So bad.
[00:00:13] A very happy Memorial Day weekend to those listening at CryptoTalk FM. My name is Leister, I'm your host.
[00:00:19] I had a revelation and I'm gonna follow on. I did an update a little while ago where I divulged look it up that I have built a crypto wallet and I've been using it and using it for testing and using it for doing the things that a lot of these crypto projects suck at, which is actually strength testing it, rigor testing it, not going live until it's robust.
[00:00:43] I set up full hosting for it so it's fully self hosted, it doesn't require hardly any server resources. It just runs and it's pretty darn slick to the point I got to thinking this the way it runs I could build pretty much anything on this same kind of structure and I could fork it on my because I have my own server farm stuff and I could fork it out and get everything running and if something went wrong with server A, it would be seconds to spin it up on server B.
[00:01:15] In a pinch would I need to do that? I don't think so, but I could.
[00:01:22] This gave me more insight as to the failures of the Thorium ecosystem which I covered on a out of cycle here.
[00:01:30] But what prison wallet Just so you have a high level in my mind it does so much that the main ones just simply suck at and it does it in such a slick way that I'm almost convinced that those wallets not malicious but that they are either incompetent or they've lost the plot as my friends over the pond say because I've got so much functionality in parallel what they've got. I did drop Change now I went with simple swap because Change now are a bunch of numb nuts who had a bug on their site and when I told them to fix it on their site they told me to give them a screenshot of their own website and I'm like screw you bro.
[00:02:11] So I went simple swap, no problem. Simple swap works really good, clean, neat. And then I have the internal Swap which is 0 or excuse me, lie fi. It used to be 0x. I went to li fi.
[00:02:22] I want to run through some li fi scenarios just to make sure I see what that's doing what I want it to do. But so far I don't have any concerns with it.
[00:02:31] But it's the only wallet out there and I'm going to put this statement it's the only wallet out there that natively supports send receipts receive and dollar balance and USD amount of block dag the coin. It's the only one that does because Cold Wallet used to be it looks like it's been abandoned as of April. I don't see any significant updates and transfer stopped working on it and the balance stopped updating on it which I theorize goes to my later update here today. So Cold Wallet does not trust Wallet Damn sure does not. It'll show you coin balance but not USD equivalent dollar amount even though it could it does not price information for it at all.
[00:03:15] I don't check Metamask because they're scams, but I'm pretty sure I saw some people say that it does not base Wallet can't because it won't have there's issues so far as I can tell, mine is the only one that fully supports the block bag natively coin and that's because I bought some because I went to the exchange. So I was telling people about we bought. I bought some from the exchange and just sat on it because at that point it's in my hands, not the team's hands with all the after sales and all the garbage and I'm trying to tell people we bought there. Man, you could buy and sell and trade it there and do what you need to do. There's all sorts of stuff happening and I maintained a level of. There's a level of incompetence with this. That's going to be today's update. But just so you have a sense of this, I think that the vast majority of people out there have less than a million bdag I think that the vast majority of people and when I say have I'm saying in their wallet not locked up because I think the lockup doesn't really matter yet.
[00:04:21] I'm talking to any wallet they have less than a million.
[00:04:23] Now let's assume there really are 150,000 people.
[00:04:28] If there's 150,000 people, it's not possible for the vast majority of them to have a significant coin hold right just by numbers.
[00:04:39] Assuming there were 150,000 folks and going off of 150 billion in total or max rather supply, that means that if everybody held one coin, which is obviously nuts, I'm just using clean numbers here. If everyone held one coin with that clean slice, assuming those numbers are accurate, which we can't say, you would get to a price of five zeros and one. Now if you look at the current price and I'll use coinmarketcap because I think it's the cleanest for this exercise. If you look at the current price of block bag, we are at four zeros and just shy of six.
[00:05:17] So it doesn't take that far to go down to get to five zeros and one. Now, if we say there's 150,000 people, and if each one of them held one coin off of 150 billion in max supply, and we would get to a target price, actual price of five zeros and one, that means that the vast majority out there cannot be holding significant amounts of the coin just by going on the current price.
[00:05:44] Well, this is a revelation because it tells us price, opportunity.
[00:05:49] It tells us what really happened.
[00:05:52] It tells us what people are doing. It tells us sentiment. We can learn a lot from these basic numbers if we take on face.
[00:06:01] Basically, the vast majority were selling out.
[00:06:04] The vast majority are not holding coins. It means the vast majority of people didn't go to exchanges. It means the vast majority of people are still the. But my coins are locked.
[00:06:14] That's the vast majority of people.
[00:06:16] Fine, if they want to stay locked in it, then they can stay locked in it if that's what they want to do.
[00:06:22] I don't understand it myself. I really don't, but fine.
[00:06:30] Now, if we accept everything I'm saying, because I'm giving you straight numbers, you can verify yourself to be the truth. And if we accept what I'm saying, what do we glean from that revelation? We glean that there's an opportunity for price to explode.
[00:06:47] The explosion can only happen off of sentiment, because sentiment would be arguably. Arguably be the only reason people would not be buying.
[00:06:57] This is a basic understanding, right?
[00:07:00] The people who are locked up, though, because despite my every effort, they are so fixated on the coins that are, quote, locked or the people who FOMO bought off of the garbage after sales, where they saw mythical numbers of. I saw. One person said, Yeah, I put. I think he said, like a hundred dollars or something. It's supposed to give me 8 billion coins. So what we're suggesting is you're going to get a significant portion of the max supply on a small investment, because unfortunately, that's how it was marketed. And I explained the concept of points and how that works, but people don't get it because all they see is a cheap price for a significant amount of coins. And they think that all of a sudden it's a. It's a lottery, tickets, gambling, rolling the dice. Which is ironic, given they launched a casino.
[00:07:52] So this told me where everybody stands the vast majority stands. The vast majority are sitting on a very small number of coins.
[00:08:01] The vast majority are not sitting on significant amounts. The ones that are whales, they're either insiders. I'm talking true whales. They're either insiders or they're people that just don't care. You know, they, there are some situations like Saitama where they saw that this could do something, they just tossed the money at it.
[00:08:22] Let me just level set when I said whale earlier.
[00:08:26] It used to be that the whale meter on their site, I mean you had to put a pretty good amount of money in the thing to be considered a whale. You know, minimum five figures, if not six, to be considered a whale.
[00:08:37] There's two measures of whale. There's how much money you put in it and there's how many coins you hold or percentage said of coins.
[00:08:48] Now, if we strictly go off of the amount of coins that one holds, a case could be made A case could be made that Leister Crypto Talk FM qualifies as a whale if we strictly go off coins. Not dollar amount, by. Absolutely not by dollar amount, but by coins. I'm talking in wallet because I bought from the exchange because why not? It wasn't expensive. Even now as I see the price and it declines, you know, if it got down to four zeros and five, let's say I might consider buying some more because that's a, it's a DCA strategy and it's still not significant money. It's throwaway money. I don't care if I lose it. It doesn't matter why. Because if it's, if there is an explosion, which there's a chance it could do, which I'll get to in a second, boom, that's, you know, and then you take profits and as long as you're smart about it, you don't expect to be made a millionaire off anything because the team is incompetent. Then what's the problem?
[00:09:50] Well, I did some digging with my Prism wallet.
[00:09:55] It because it natively supports bdag, I did some digging.
[00:10:01] The CEO on a recent ama, he was doing. So they've been doing allegedly burns. They did burn, allegedly the other day and then yesterday they did another one.
[00:10:13] Now the problem, and hopefully he hears this, but the problem with the burns is when the first one happened, there's transactions missing. There's 750 million coins. One transaction, it doesn't show on the BDAC scan.
[00:10:30] It straight up doesn't show. But the balance in the burn wallet of the dead or the zero wallet does seem to reflect 1 billion coins, so we assume that's legit, but the transactions are incorrect. On BDAC scam, you cannot be a viable blockchain if you do not have reliable transaction history. It just isn't the case. But it explains what's going on with the Staking app.
[00:10:54] And I'll close with that, but follow me.
[00:10:58] So yesterday's burn, then I happened to notice the CEO went to a different explorer and presumably was connected with a different rpc. I don't know that, but he went to a different explorer on DAG Tech, which is dag tech. Dag tech.network.
[00:11:16] that was odd. I didn't expect that. But he clearly did go to a different site, did a burn, and he claimed. So he was showing the deal. Did a burn, he claimed, he said, okay, now we're going to continue doing this for however long it takes now until we get to some sort of whatever that they do to do. All right, well, this time this is a different wallet. It's the D E A D wallet, which is kind of the traditional true dead wallet because it represents something that does not have a. You couldn't get a private key out of it. So you can validate that second one for sure on BDAC Scan. But I was confused why he was going to the DAG Tech network.
[00:12:02] And from what I can tell, the DAG Tech network is somehow in communication with the BDAG Scan at a data layer.
[00:12:13] So my wallet, because of how I built it, I was able to get a little bit more insight into what I think is happening and it explains if I'm right, what's going on with Cold Wallet, what's going on with the Staking app, what's going on with coins going missing in the wallet randomly? Because I do see that even with mine, I do see that still happening. It just. Mine doesn't. Mine.
[00:12:33] Mine doesn't happen as frequently, but I know why and when it happens so I can anticipate it's going to happen.
[00:12:39] And I wanted to share what I was finding so you can kind of get a sense of it. It's a little bit over technical and I'll try to simplify best I can. This is theory about what I'm based on what I'm seeing, but it can only be. And there are people on CoinMarketCap who are verifying what I'm seeing. Now let's talk about the DAG just in general DAG infrastructure, this idea that there's multiple different nodes and there's Multiple different things happening all at the same time. It's not linear. Right. That was the whole sales pitch. Has been the sales pitch since day one.
[00:13:15] What if.
[00:13:16] So here's my supposition. What if Turner tried to create that structure, he tried to build it out. Because they started with utxo, they sucked at it, couldn't figure it out. So they felt back to EVM model. But they said, we'll still keep going with the structure, DAG structure, because that's what we sold.
[00:13:36] What if Turner couldn't get it figured out? They couldn't get it to work, they couldn't get it stable, they couldn't get it strong, they didn't have the skill to do it.
[00:13:47] Gets fired. Okay, still have to deliver something. So now they got to rush it out and they outsource the DAG part of it.
[00:13:57] Again, this is all supposition. I don't have any evidence. I went in the room, but they outsourced the DAG structure. Now, what does that mean?
[00:14:05] In order to understand conceptually how this would work, you'd have to think about what we see and what we know must be true about the block deck side. We know that they're struggling to get miners out the door. We don't know why, but we know they're struggling to get miners out the door.
[00:14:20] We know coins exist. They're in the wild. You can have them in your wallet. So they must have been either minted or mined. We suspect they were minted.
[00:14:29] I'll get back to that later in a different episode.
[00:14:32] But we know coins are in the wild. We know transactions are processing. So we know something's running. That's all we really know. Truly know they're staking.
[00:14:43] It's buggy. We'll get back to that.
[00:14:47] What if the block deck team set up an EVM layer?
[00:14:53] An EVM layer would need to only do the bare essentials of what it takes to process linear transactions. That's all it really needs to do. It would have sequential block processing, but it all it. At the end of the day, all it needs to do is maintain the transactions that it processes. It doesn't need to do anything. It doesn't need to do any heavy lifting, per se. It just needs to maintain somewhat of integrity of the chain.
[00:15:21] What if that layer, then is when you connect your wallet, you do transactions.
[00:15:28] You're saying, I want to stake, I want to unstake, I want to send, I want to receive. You're sending a request to do something.
[00:15:38] What if that layer is. Then Handing it off to this Dag Tech. Dag Tech under the hood is clearly running mining infrastructure.
[00:15:47] Dowie, who was on the AMAs, you might have seen him. He's talked about it. He talked about the setting up of the miners and here's how this works. And there was a point in one of the AMAs where he showed what appeared to be the tech specs of the mining hardware. And somebody pointed, they paused it and they did analysis and somebody and they pointed out that it looked like the specs were no better than a cell phone specs. Very unspec hardware.
[00:16:12] If you get a chance to take a look at it, you can actually see on the DAG Tech Explorer all the different transactions that are pumping through it and including the mining transactions. What if, just, what if the mining is actually happening on the Dag Tech side and there truly is that hardware, but it's been purposely throttled because of this performance problem that seems to be surfacing itself where they've purposely throttled the hardware, as in the hardware they wanted to do was just simply too strong to, for the blockchain to handle.
[00:16:47] Now why would that be the case?
[00:16:50] You, you have a race condition.
[00:16:53] If your nodes are not in concert with the mining hardware and the amount of mining hardware that's in the wild, you run into a problem because you cannot keep things in sync because they're out of whack. Right?
[00:17:08] So let's assume this is all theory. Let's assume for sake of argument that the node, the lack of nodes and the lack of strong nodes, if you don't have good strong nodes, there's no real consensus among them.
[00:17:24] You're so distributed with a small amount of nodes, they can't keep things in track.
[00:17:30] Your miners can't be, they can't be going too fast, right?
[00:17:36] But you would expect to have a significant number of them in the wild along with the significant number of nodes, just because to be able to handle high transaction count, you need to have a strong architecture in order to do that. Well, that architecture costs a lot of money to maintain. There's a lot of electrical costs, there's hosting costs, there's a lot. And so often you'll see some of these providers go with aws, some cloud provider. Those cost money.
[00:18:04] So what if Dagtech came along and said, well, we'll handle the architectural backend, we'll handle the mining, we'll also set up our own RPC node that helps support some of that stuff. And then all you have to do is intercept the Inbound transaction. So you'll be the inbound.
[00:18:23] You receive it, you duly note it, you give it to us, we'll process it, we'll give it back to you.
[00:18:28] So that it creates kind of this. I refer to it as a ghetto version of a dag. The layer over top of it is basically a communication layer, which is BDAG Scan.
[00:18:39] And it's talking back into this DAG Tech architecture, which is actually doing the work on what really is the chain, and that you're not really interacting directly with the chain at all.
[00:18:53] What if that's the case? What if there really is a dag, as in DAG Tech, but the block deck side is not that?
[00:19:02] So then you're like, well, how does that benefit anybody?
[00:19:07] That's a good question, isn't it?
[00:19:09] Because if we're, if, if the architecture I'm describing is what's really in play, which is that you really just have an abstract layer, you're talking to an abstract layer. It's pumping transactions and offloading them to a third party.
[00:19:24] You have a huge risk. If Dagtech pulls out, you have nothing other than a generic chain. If Dagtech goes down, you have nothing.
[00:19:33] There's all sorts of risks in that structure.
[00:19:36] The only way to mitigate that risk would be you have to have your own architecture and you have to be willing to foot the bill and handle it. My guess is the block that team, because they gutted everybody, don't have the staff or even the core competency to do it. And that's why they chose this, to at least buy time until they could get to a point of some financial solvency, to where they could start building it up on their own and then take it. And I think, I think they're just not being transparent about what really happened. I think that they started with the vision of doing it themselves, got to a point of realizing they were not equipped to do it, then fired Turner because he didn't have the skills and knowledge to do it.
[00:20:21] Somebody takes over that at least knows a guy that knows how to do some of that stuff, sets it up as this outsource type setup.
[00:20:31] They take over the front end layer. That's why we probably haven't seen Jeremy since, because he's too busy on the front end side to try to get at least to the point that everybody's communications working.
[00:20:41] Meanwhile, the tickets are piling up to the point they started blocking people for the support portal, I'm told, and they can't keep up. They can't keep up. They got the tap miner stuff, they got the X10 stuff and they're saddled with not more nonsense marketing.
[00:20:55] This would explain then the nonsense marketing and the aggression of the nonsense marketing because they need to get more money in and they. I don't think they want to stay with this structure because I think they realize it's not sustainable. I think they did something to try to keep things going, at least in the short term, to meet whatever deadlines are being imposed until they get to a point of financial solvency to where they can build out.
[00:21:25] If I'm right, they'd have been better served by just being honest about it. We don't have. And then they got to answer the question about the pre sale funds, right?
[00:21:34] I know some money had to go to Dagtech. So they're getting paid somehow because they wouldn't do this if they weren't getting paid. They're not, it's not charity. So some money had to go to DAG Tech. So we, we accept that must be in. Based on what I see, I'm going to figure that number had to be at minimum 1 million, if not couple million to just get things up and running off the ground.
[00:21:55] I don't know what all went into any of this. I'm saying that from what I see, there's some layer that block Dag's managing that doesn't seem to really be doing anything because it seems like it's offloading to this DAG Tech. And Dag Tech's really doing the work.
[00:22:10] I noticed. Then I did a send, so I was doing some coin sense, I was getting pumped into my own wallet. I did a send and it showed up on one side, which was on the BDAC scan side. But it did not show up on the DAG Tech side, which didn't make any sense. And it took a long time for it to show up on the DAG Tech side. That means there's some sort of synchronization problem between the two. Well, if you're dependent on both that sync time has to be shored up, you got to fix that because you can't have.
[00:22:44] You certainly can't run significant transactions if you cannot keep these two things in sync. If you're going to do that architecture, which is why it's a bad architecture, you're beholden that the whole point of blockchain is the integrity of transactions and threads. Well, if you think about what's happening with staking, people are saying, well, on staking, I log in, I don't see my coins, it takes a while.
[00:23:06] That's related to what I'm describing. There's this sync issue between these two and it's impacting the apps that the block deck side, which of course they're just AI apps, but they're impacting the app's ability to do what you're supposed to do.
[00:23:20] If you think about people reporting that coins go missing from the wallets, which again, I can replicate that situation.
[00:23:28] Yes, that's because there's a sync issue. Things are not in sync. When I did my send, it was still trying to report back the prior balance and then it would go, okay, here's the clean balance, but then back to the old and then back to the clean and then back to the old. So that tells me every time it's hitting the rpc, it's reporting back the old balance prior to send.
[00:23:50] But then at some point it synchronizes and shows my new balance in the RPC pool. Then what's likely happening is I'm time talking to both the DAG Tech and the B Dag side and they're not in concert. And it took about a minute or two before everything kind of settled down.
[00:24:08] I'm saying, folks, if I'm right, you cannot. This is not a sustainable model. However, it is. It's a ghetto version of a dag.
[00:24:19] It's a ghetto. It's a ghetto dag. So when they make claims that there's a dagger, they didn't make claim that they created a dag. They create. They claim that there was a dag. There is a somewhat of a DAG underneath this, but it's a ghetto. It's like the. I don't want to use the term, but it's like a Teemu version of a dag.
[00:24:40] From what I see. There's an EVM layer, it's a straight up fork of Ethereum layer. I don't think they're using all of its functionality at all.
[00:24:49] I don't think they are, but they might do. I don't think they are. And then underneath it there's this DAG infrastructure, Dag ish infrastructure, because I don't think. I think Dag Tech's that clean either. It's certainly running a lot of transactions, but I don't think that it's. I don't think it's significant in what it's doing in. On the Dag Tech side, I suspect that the throttling of the minor hardware is simply because they realize it's not performant and if it were a dag, it would be performant. That's the whole benefit of it.
[00:25:20] So I think they throttled the miners to try to get the coins out in the wild.
[00:25:25] And I saw it, it's only doing like, okay, here's nine, here's nine, here's 9. Well that's crazy.
[00:25:30] But, but if you remember the earlier quotes about the miner, you know, they were talking like, okay, with this X30, I think it was like 300 coins a day. With the X hundred is like 600 coins a day. So it doesn't surprise me to see the 9999.
[00:25:46] But why would anybody bother doing that When a simple investment of, geez, what $10, you can get a hundred thousand coins it. And you think the electrical cost, it doesn't make sense. None of it makes any sense except if you grant what block that built is insufficient. It's like 20% of what should have done. And then they outsource this other 80% and they're trying to get the two to work together.
[00:26:16] Meanwhile the miners are throttled. So even if you did get one, it's not financially worth it.
[00:26:23] But they're trying to hack it through to try to get financial solvency. So now they're just building over top of it, hoping that people jump in and start buying to try to help keep things funded and keep things going. It's valid to ask the question about the pre sell funds. I'm saying that everything, there's stuff being built, but it's, it's teemu, it's ghetto. It's, it's, it's childish, it's rookie, it's rudimentary. There's no strong strategy behind anything. It's rushed and it's. So I'm closing. It's so close to the failed November 13th Vegas event for Saitama. For those that weren't there, I, I didn't physically go, but I saw the video from Jake again when he was drunk.
[00:27:08] But what happened was, what happened was they did a Times Square thing right on Times Square, a banner and it said, yep, cite a mask. And you're gonna be able to download it at the event on November 13th. You're gonna be able to. We finally have it launched then just a couple days out, they said, well yeah, it's not going to be ready. We're not going to have it available. We're just going to party and celebrate our success. So they did the shindig with a bunch of alcohol, allegedly hookers and blow. I can't prove that part. But allegedly, certainly there was alcohol. We knew this. But they were just partying. That's all they were doing. You couldn't. There was no downloading the mask. It wasn't ready. The mask came later as a buggy show.
[00:27:50] Just everything reminds me of that.
[00:27:52] Everything reminds me of that. Where they just did not have any skill to pull off what somebody had in their mind.
[00:28:00] And then eventually they got somewhat stable. By that point, it's too late.
[00:28:04] That's what I sense here. I sense it's like they're doing stuff. There's certainly stuff being built. But it's so rookie, it's so outlaw rudimentary that you know anybody who invests, you're doing it because it's gambling. Not just the casino. I'm talking in general. You're gambling. You're gambling that it'll turn into something eventually.
[00:28:25] That assumes you have the right people in charge of it. You have leadership that understands the flaws of the current. Like they just shared out liquidity. Wallets, okay, $25 million. People are like, where's the rest of it? Let's setting that aside for the moment, $25 million readily available.
[00:28:44] Now, we don't know that all of that's readily available. We just know there's wallets and we know that somehow those wallets are connected to another something. I said, well, at that point, you might as well arrest idiot Vitalik because he commingles funds. We can't. It's not a regulated space. So we can't apply the rules of regulated finance. Should they be? No, but you can't say, well that.
[00:29:06] Because they all do it. Vitalik does. They all do it. So I don't do that. What I am saying is $25 million and you can't build a viable fucking blockchain.
[00:29:19] I keep going back to Dogechain. There's no way they invested more than a couple of million bucks to build what they built. Pepe. There's no way there was significant money put in it because there's just. There was just not. You're. You're going too lofty. You fail after burning money, which I think is what happened. They burned money after they failed.
[00:29:46] Now they're scrambling to try to get things back on track. That's what I see, and that's what you would be investing in, is there's a hope, there's a cross fingers hope that they pull stuff together sufficient.
[00:29:59] Also consider that Bitcoin is roughly half where it should be.
[00:30:03] And we know the b dag price is being influenced by Bitcoin's price because.
[00:30:11] Because even though BDAG doesn't have any pairs with any of those others, the market, the pricing of the market is still influenced by Bitcoin's price. So we assume any sort of price appreciation on Bitcoin is going to result in some price appreciation on the B DAG coin. We have to keep an eye on that too. That's again, people that know how that all works. Some might have dumped some money in it, but the vast majority, the vast array of people do not have significant coins in this thing.
[00:30:46] That's both scary and understandable at the same time. I, I am, I am truly fascinated about what may or may not happen in this thing. And somebody else said, who is one of the consensus said at that point he was screaming and squawking about this, this so called RICO whatever. Was under the impression that the, the pusher of the RICO is, is locked up is what I was told I understood. And that there was a theory that said person might have misused those funds for their own legal case because they were driving drunk and might have jeopardized your kid on the road. I can't say that's what happened, but that's what I see.
[00:31:21] So I'm curious why anybody would put money in something when that happened. This told me there's a cult over there.
[00:31:27] And then you got this other side where they don't know what the they're doing. So then it just adds to the cult.
[00:31:34] This is, this is outlaw, outlaw nonsense all the way around.
[00:31:40] Incompetence, rush to judgment, just mark them. Everything is just so, and, and I'm laughing not at people who got ripped because anybody, anybody who gave money early on, I'm talking 20, 24 now.
[00:31:59] Anybody who gave early on got ripped. You got ripped off. You got ripped off not because nothing was done. You got ripped off because later when they pivoted, they didn't make you whole like they should have that guarantee. Yes, absolutely. And I'm not even talking bonus coins. I'm talking about the lockups. I'm talking about not allowing people to be made whole through the exchanges, holding back deposits. There were all sorts of things. They didn't make you whole and I think they should have made you whole somehow.
[00:32:31] We're hitting a very close bottom.
[00:32:34] And then we got to watch what happens because I'm fascinated about what might happen.
[00:32:40] There are gamblers in this, not just the casino. And the price is going to do something. And I'm curious what that's going to be. I'm, I'm fascinated about what's going to happen on that. But from a tech perspective, this is rudimentary. I could probably build a better something at a fraction of the cost if I really wanted to. I just don't want to. But I probably could because it's so rudimentary of what it's doing.
[00:33:04] If they do a Halborn audit, which they claim they're going to do, that'll reveal some stuff. I don't think they will, but let's see if they do. Let's, let's, let's hold them to it. Let's see what they do. Let's see what they do next. Because that's all you can do, right? And then the January 1st. Let's see what they do next.
[00:33:21] What I would say to you, listener, don't FOMO in anything. If you see, see if you see the price go up, you shouldn't be buying that. That's the trap in any crypto. Doesn't matter. That's the trap. Stop doing that.
[00:33:36] If you think something would happen, you should be looking for the best discount you can get. That's why I said, once it goes five, I'm probably going to toss a little bit more in it as a DCA strategy, because there is a target amount of coins I'd love to hold, but I'm not willing to spend more than a certain amount of money to get there. Right. So I look for discounts. If people push it down to that point, I would probably toss a little bit more in there along with Bitcoin, along with Ethereum, along with bnb, because you're supposed to look for the discount if you think the price goes up. If you don't think the price goes anywhere or you don't care, then do what you do. Sell whatever.
[00:34:14] Just don't FOMO on the green. That's all I say. Because there's no guarantee with this at all, number one. Number two, you shouldn't be buying high. You should not be buying when it's appreciating. That's crazy, because you're just gonna lose money. You're just gonna be exit liquidity. Somebody's gonna dump one of these whales and for what? Why?
[00:34:33] Why? Don't put yourself in that. Don't do that.
[00:34:37] So, and I'm giving a forewarning here, like I did for Hotchko.
[00:34:41] I think there's going to be some sort of a pump up, not even due to anything the team's doing. I just think the Bitcoin price movement.
[00:34:50] Once it dips down to a point, there's going to be an explosion up and this, I think this is going to move. Don't FOMO if it does.
[00:34:57] If you think it will, look for the greatest discount you can get from the exchange.
[00:35:03] Don't buy from the site. Site's trap. Go from the exchange if you want to do it. Go for the exchanges, period. Do not buy from the site. Stop listening to the site narrative. It doesn't matter if you want to do it. Go for the exchange and look for the best price you can get. Let's say That's a simple $10 investment right now, okay?
[00:35:27] If the price dips some more, do another $10, you get more coins, you get, get more coins, you get more coins. Let's say you only put 50 bucks in the thing, Gez. 50 bucks right now, you can get close to 500,000 coins. Your pre sale number is probably less than 100,000.
[00:35:45] You got to make it. But, but now these would be sitting in your wallet under your control, not the teams.
[00:35:52] It's psychological. It's up to you. If you've just. My coins are locking, I can't help you if that's what you do. I'm telling you, if you think this will do anything, buy low, not high.
[00:36:05] Otherwise do nothing. Just don't fomo. If the thing does explode like I think it's probably gonna.
