Episode Transcript
[00:00:00] Out of cycle update.
[00:00:03] Any progress is certainly good progress, I suppose. CryptoTalk FM. My name is Leister, I am your host. I'm doing an update just to provide thoughts on the AMA that occurred yesterday with the Block Dag team. Shared out through the Block Dag Investors Channel with high level thoughts. This I thought, first of all, Nick Vander idiot wasn't there. So.
[00:00:27] And actually a commenter in the chat said, he even said, you know, no, Nick, it's better without him. It absolutely was. This was much better. With Nick not on the thing and you know, sometimes he wasn't even speaking. Right.
[00:00:41] But Nick not being there. No, Nick Vander idiot, I thought that was a positive. But I also thought that the overall AMA was reasonably good. I think it derailed at points, but generally speaking was kept, I think Reid, by the way, I'll give him shout out again. I think he did a good job moderating from the lens of keeping momentum of the call, giving Jeremy Harkness, who was on the call, a chance to give his technical, which they needed to focus. This was good.
[00:01:14] I think Jeremy is not really a good talker, which is okay. He doesn't have to be. It's not really his task in his role.
[00:01:21] So I think it was good. And you could tell Anthony was really excited about what Jeremy was talking about.
[00:01:27] Like, it was obvious in, in Anthony's body language, it completely shifted. When you talk about the money, that's the shifting, like finance stuff. Talked about it. Like Anthony would, he would shift and he's like, you know, shaking left and right every time the money's talked about. But then once the texts come in, you see his face just completely light up every time.
[00:01:48] So it's obvious technical was what he likes to focus on. And he doesn't like the marketing, he doesn't like the money, he doesn't like the, the other stuff that a CEO has to care about. He doesn't like it. He would like to delegate that stuff. And people have said, you know, that's fine, you need an effective cmo, because Nick Vander idiot, I said it's not it. And you need a cfo, which as far as I can tell, isn't there. He said there should be. There's is in a prior call, but not there. So then in this one, it basically went in largely three segments. Again, the last half roughly was an ama. True ama. It was actually more of an AMA than it ever has been. I thought it was really good. And again, I thought Reed did a good job in steering, you know, when they talked about the financials up front, that kind of got a little bit contentious at points, but. But then Reid made sure to say, okay, we got that. Now let's give Jeremy the floor and give him a chance to talk technical stuff. Good job. Read on that. That was good moderation. And then making sure that the community got a chance to ask questions that was shown on the video, which has not been consistently the case in the past. That's good. So everybody can see what's being asked and what's the answer. Very good. So I'm giving my kudos there, and I'm doing that up front because I have to give some criticism after the fact. So the first part of this segment, there's a gentleman on. His name is Michael Kovacs and he is apparently just an investor is what I told.
[00:03:18] Michael Kovacs strikes me as a very intelligent person, almost to his detriment.
[00:03:24] I get what he's talking about.
[00:03:26] I don't have enough data to validate what he's saying, but it seems like a very intelligent person. He seems like he knows his stuff, but I think he's. He's just too intelligent for his own good. There was talks of the whole, how do you make this fair, the overselling, how do you get things back on track? And he was talking about a Formula K formula to try to balance it, make it fair for everybody that essentially said, you know, let's go off what they invested and try to make it based on what they invested according to the price. And I think the fallacy. This is my lens. It was difficult to follow some of his points because he was kind of all over the place. There was no visual. I got the gist of it. But Anthony would say something that I think derailed his thought process, which is if he was going off his logic, he said, even at a point, you know, I bought in, I wasn't thinking about a bonus. I wasn't thinking about a lockup. I was thinking about what my tokens would be worth when they were given to me and that I would get all these. Well, we all knew that there was going to be a lockup of the bonus. They said it, it's in the dashboard, it's all over the site. They said that, at least transparently, that there's a segment of tokens that was going to be locked up, and at one point it was going to be a year, and at another point it was going to be, you know, six months or whatever the F that was. You'll get 40% of them at launch. Like all these data points have been transparently put out at multiple times.
[00:04:47] Then I did a coverage where I said that when you think about price of the token that they're selling at, it's kind of phony and flimsy because all it's doing is saying based on when you would get them, this is what the effective price would have been at that time. So it's not really changing the price. It's based on where it fits in the bonus lockup, which is what they kind of alluded to when Anthony said the half a penny price.
[00:05:17] Apparently they had just gone with that when he saw it on the site. He said that was a mistake and I'm quoting him quote, that was a mistake and that it was too low.
[00:05:26] So they got to revisit it. So that didn't go over too well.
[00:05:30] How could you make that mistake? And what is too low? What does that mean? And how can you not price it accordingly? And ultimately what does it matter, right? If you don't have a bonus, which is what they're saying, that there's not going to be this bonus in play, what the hell does it matter? Target a price, right?
[00:05:47] Choose to sell at a given price and stick with it.
[00:05:51] So the reason that they started that low is because they still wanted to have that staircasing up to launch price. The flaw with that is that you've already had. This has been two years. You've already been going for two years at given whatever. And I think they're trying to say, and Anthony even mentioned they're not getting the same velocity, which I said, right, they're not getting the same velocity that they got. Well, that's. You don't need price to do that. They're still in this mentality that you have to give it away on the cheap and to get people to buy in. No, you don't. I guarantee you.
[00:06:24] I guarantee you and I'll talk about this as I wrap up, I guarantee you that between what Jeremy talked about, which was a little difficult to follow unless you really were in crypto to a deep degree versus that and Anthony later what he would do. I guarantee if you would just focus on that this whole damn time, if you would just specifically focused on that and then show a little bit more on the physicals of what this is doing, you'd got way more money in this than this other garbage of I'm just going to give it a fire, sell it at dirt cheap prices.
[00:07:00] That is a. Again, it's a car salesman Mentality that they've not let go of this idea that the price has to be cheap to get people to buy in. The price should be reasonable. It doesn't have to be fire sell cheap. Like at this point, you could do no worse than just say it's a penny, okay? Our price to buy right now is a penny, and just deal with it. No staircase up, no shifting price, no nothing. Just say it's a penny. Why? Because if you're still trying to beholden to the 50 billion token as a supply initially, which is what they said, but you have a total of 150 billion tokens over time and you know you've oversold and you still have to realign everything.
[00:07:50] If you target a penny, I guarantee you with that and a technical focus and more transparency and better AMA and less Nick Vander idiot and no kosher. If you do all these things and then you launch something, I promise you it's going to minimum 10x. I promise you that'll be the case.
[00:08:14] You don't have to treat it like a car dealership.
[00:08:19] Which, to his credit, Mark Hamed snapped on this call openly, to Turner's face. I don't know if he did that because Nick Vander idiot wasn't on the call, so he wasn't afraid. I don't know.
[00:08:31] But Markham had snapped. He straight said he called it, quote garbage, say he doesn't like the marketing, claimed he was hacked, claimed Reid was hacked, claimed the Reddit was hacked. Hacked by who? Was that hacked by Granquill.
[00:08:46] Why?
[00:08:47] If you have a community of people who support. And the reason I'm calling this out is, yes, I'll give him kudos for his snap and transparently saying that to Turner, I'll give him kudos for that. However, the problem I've got that I'll come back at him on is he came at me talking about, no, I misrepresented what's going on in the Reddit community.
[00:09:12] So if the community is this glorious good, positive forum, which is what he was trying to say, because I said that people were frustrated in the community, if they're frustrated in the community, then it's possible that Granquillos might have tried to attack him. Because we know that Granquillos has a pattern of attacking anybody that's critical.
[00:09:36] He doesn't attack people who are kissing his ass. He attacks people who are critical of what they're doing. He attacks people who call out stuff around him and his name.
[00:09:46] So when I show your folks over here are critical.
[00:09:51] Chances are that's the reason he was getting attacked.
[00:09:54] Why do I suspect that that's likely what happened and I was telling the truth and Markamet coming at me was improper, as I said, because Safe Alert by Fetra got attacked, his videos got taken down, I got attacked, One of mine's restored, the other one's about to be.
[00:10:12] We are. What's the pattern of all of us? It is critical. There are people who are critical. Anytime there's criticality, there's the attacks. Binance stuff is the only one who has not been directly attacked.
[00:10:27] Point is, though, what Marit said, you have to understand, sir, that's why I came at you, because I didn't misrepresent what went on in your Reddit. What went on in your Reddit is exactly what I said to be the truth, which is that people in your forum were critical of what was going on.
[00:10:46] If you're the mod, and I don't know that you are, but if you are, you telling them, you don't need to know that, don't worry about that, didn't go over well, which is the truth.
[00:10:55] If it's true that you got hacked, the only reason somebody would have attacked you is that you were critical about the shit. Nobody would have attacked you if everything was sunshine and lollipops, which your snap on. Anthony Turner validated what I said to be the truth and why I came at and called you a mark. Because what you just did without giving me my credit, is acknowledge that what I said was factually accurate.
[00:11:22] Prior to this call, open public, you had not done what you just did, but when you did it here, you saw how they received it, you saw how Anthony received it, you saw how Jeremy received it. Jeremy was saying, absolutely, let's focus on the technical shit.
[00:11:40] Anthony's like, yes, let's focus on the technical shit then, Anthony. Now let's close Anthony Ad libs after this.
[00:11:49] Ad Libs takes a walk around the office to show you their office space. To show you Jeremy in an office, waving at him. To show you physically x 30 miners plugged in and running to show you x 100 miners plugged in and running Show. To show you the shipping room with the X10s to talk about how they're packaging them.
[00:12:12] This tells you what? That they're doing it themselves. They're individual people, they're all just packaging and doing the shit themselves. But they're doing this testing. They physically showed it. I'm telling you all this is what you needed to see all along. That's all they had to do show what the fuck you're doing, show there's progress and let people like Jeremy tell how these things are going and what's happening. Okay, Mark, Comets, snap out. I'm glad you finally did it. I'm glad you finally did what you should, which is call them out publicly. I appreciate Michael Kovacs for you calling out publicly these concerns and trying to leverage a. Some sort of a solution. I appreciate what this AMA did for your community. This was very good.
[00:13:00] I would like some of you to come back in my credit because when you called them out publicly, you got a positive response and everyone on the call, almost to a T. Everyone on the call agreed that you're moving in the right direction now from a technical perspective, but you still not solve the financial part of it and the marketing part of it. Nobody is happy with the marketing and nobody's happy with the financials. Consider that all of that was preventable.
[00:13:32] It was wrong from the jump, which is what I said. It was wrong from the beginning and it's still there wrong.
[00:13:39] But it was avoidable.
[00:13:41] Look at what excited people it is the seeing things, seeing actual things happening, seeing miners seeing, seeing the boxes, seeing that not just pre recorded are arguably AI at points videos about shit focusing on that. Turner even talked about. Get Dr. Hurley back on and doing some of his stuff. Yes. Talk about the hackathons, talk about the buildathons. Yes, that. But you still do need to address your marketing because you still have a money problem.
[00:14:19] It's easy to solve the money problem.
[00:14:23] I said it months ago.
[00:14:26] All you gotta do is launch a damn thing.
[00:14:30] The bar is low. This is easy. You just have to launch a thing. And I appreciate Jeremy, if you hear this saying, our job is to launch something that is usable. That's for you guys to go and build and create and succeed. We're not targeting, we're targeting speeds, but we're not guaranteeing anything. We're going to continue working towards it because we're trying to make something that's solid. Yes, they need to hear that. All this stuff about ISOs and all that shit, these are people that don't understand crypto. No problem. I got.
[00:15:02] Focus on. This is what you should do. Okay. Focus. Technical shit. Continue to have the conversation about the marketing and the bonuses. And I honestly think, I honestly think that's easier to solve than everybody's talking about.
[00:15:18] I agree with the idea. Let the community decide which way to go. I still say option three can work. And it. I feel like it'd be More balanced in the overall. But I'm not part of that other than me having waiting on the next 30. Right. So I'm just sharing it. I still felt like option three was going to be cleaner. Integrate a stable coin because you need it anyway.
[00:15:39] Figure the stable coin into the larger picture using the money balance.
[00:15:44] Use the distribution against stable asset. The stable coin doesn't have to peg to a dollar, it has to be stable. Right? So use the assets. Create the stable coin. Use it to distribute as something that is. That doesn't rely on the nuances of money movement to make people whole. And stop worrying about the number of tokens. Right. Focus on simply the value, which is, I think Michael Kovacs was getting at is let's get it stable value and fair for everybody based on what you bought in at. I say that's easy. If you do option three and you introduce a stable coin, peg to whatever you choose. You can peg that to whatever you want to. Right?
[00:16:25] Hey, I am just waiting on an X30 at this point so I can properly test it because this goes to Vos Coin. I remember the dude's name. Vos Coins. Concerned that it's fake. We just saw in the video. It's not fake. We just saw there are miners. We don't know much about them, but there are miners. So Vos coin has been defeated. Quote, so cool. This is what the team. This is what the community needs to see. This is what you need to hear. This is what you need to see more of this. Like you literally just need to do more of this.
[00:16:57] I would take the financial part offline. I would not. You can talk about it briefly on the call, but I wouldn't spend infinite time talking about K factors and formulas and all that. I don't think the community really cares. Just say I have these ideas we're going to talk about internally. It creates this kind of a function, etc, so on and then move on. You know, spend maybe five, ten minutes.
[00:17:23] I would not put it at the front of the call.
[00:17:26] I would spread it out. You know, I would do maybe at the front and this is just a free suggestion at the front. Maybe take 10 minutes of questions. Just upfront questions. These could be carryover questions from the prior call, burning questions from the open things. Open outstanding things. 10 minutes questions. We're gonna do. We're still gonna do more, but upfront, let's just get some stuff out, then talk some financial stuff. Maybe 10 minutes of that one. Then do some technical shit, then do a trailer ma. That's How I would structure each and every one of these so that your community is engaged. They get a chance to put their input at the front, at the back.
[00:18:02] Reed will have to, you know, balance that. But I, from what I saw, he can, whether he will. That's, you know, but I would structure it that way. Keep the track of technical in the conversation. Show, show what's being done.
[00:18:17] Don't keep it in a vacuum. I would keep a lot of that. I would have recorded if I were Turner, I would have recorded what he did and I would have posted it just his. I would have posted that on the site and said, hey, here's if you missed the ama, here's our walk through the office, here's the miners here so that it's readily available. You can go back and reference it at any time. Just that one segment. If you were just curious about that, because some people didn't follow the AMAs. That's my thoughts on it. A really good, I thought ama, there are, there's some, you know, some points to oil, but a generally overall ama, really well done read. Good job for the moderation and getting Jeremy making sure he had his voice because that was important. I thought that was really good.
[00:19:00] I, I again, Mark Comet, it's good that you snapped on him publicly. That's good. And you're transparent, telling them that you're pissed and calling it garbage in the marketing and everything. I thought that's good. Yes, that's good.
[00:19:12] I just again, let's just be clear here.
[00:19:15] If it's true that you got hacked in the Reddit, I don't know. It is. I'm taking you on face if that's true. The only reason that would have happened is there was somebody or somebody's in the Reddit that were critical of Guruquijos or something around it because we know from Telescam it's a banned word and we know from Safe Alert by Fetra and myself, we've got background that shows why they do it. Kyzylos has a pattern of going after those that are critical and call him out. He has a pattern of this. This is documented. This isn't fake. That's documented.
[00:19:50] That's why I did my video and that's why I tell you I can say whatever the fuck I want because I have to put it out there. I got to document this happen. If I and others don't do it, nobody knows. And it just moves in silence and shit's suppressed. That shouldn't be. And I told you we need to Keep the Critical Voices out there, because that's the only way the team's gonna change.
[00:20:13] And we have to expose what's happening that's still, to this day impacting a project that you guys have money in. It was clear that Kovacs has a pretty good amount of money in this business.
[00:20:25] So if you guys care about your bag, you should be supporting Critical Voices. I said that months ago.
[00:20:32] We're not your enemy.
[00:20:34] We're advocates. We are advocates for investors. We have to be critical. Critical is going to affect everybody that we see. No, this is not going to get you back on track. You're moving in the right direction now, but you still have the Kijiros effect on you. As if it's true. You got hacked. And if it's true, Read got hacked, if it's true, these things are happening, you guys are just as affected as me. And Safe Alert, okay?
[00:21:02] It would behoove you guys to now understand this is. This is real.
[00:21:08] This is not. This is not a game. This is real.
[00:21:12] Okay?
[00:21:13] We have to.
[00:21:15] We have to put it out publicly, critically.
[00:21:21] Because mass.
[00:21:23] Critical mass cannot be defeated if you just have single stovepipe. It's not going to work. You've got to have critical mass. And we cannot be afraid because none of us have anything to lose. The more of us.
[00:21:41] The more of us that do that, the more successful we'll be. Because it's whack a mole then for them. Then you culminate that into fighting back against YouTube, Reddit, telegrams, whatever. But all of these platforms that support deplatforming for false or fake reasons.
[00:22:07] That's how this works. That's why I told you, nothing you do attacking me matters. It doesn't matter, because mine distributes to more than just YouTube. I don't care about YouTube because they have a pattern of deplatforming. That's what the fuck they were doing in 2021. So I already knew their game. That's why I don't settle just there. I got to make sure mine is searchable everywhere. Reddit is searchable everywhere until and unless you get attacked by this entity who has a pattern of attacking where there are critical voices or where his name is called out, you guys are now calling his name out.
[00:22:47] That's if it's true that you've been attacked. That's why you're calling the name out.
[00:22:53] Okay?
[00:22:54] Before, when you weren't calling the name out openly and you're only doing it privately, you were largely left alone.
[00:23:02] What is that? What must that then mean, what was Leister saying?
[00:23:09] They're saying it in private. It's not making a difference there. So you're left alone. Long as you don't. Long as you. He doesn't hear it. Laws. He doesn't see it, he leaves you the fuck alone. Okay?
[00:23:22] That makes you a mark. You're complicit because you're not being one of the critical mass to expose it for what it is.
[00:23:30] Because this I'm. I promise this is my end. This AMA should have convinced everyone in the community, should have convinced you two, should have convinced Mr. Kovacs, should have convinced everybody of exactly what's happened.
[00:23:46] And everything I said to come true has come true. It's easy.
[00:23:51] What's happened is you had a technical team of people who formed together, then they partnered up with other people to get the word out. They partnered with other people for funding despite saying they didn't. It's the only reasonable, it's only logical they partnered with other people to support. Remember the video? It's still, I think on the site where Anthony Turner is walking through what looked like an office with cubicles, his cell phone. It's a completely different office. How can that be? We know the other one had some AI. The one I'm talking about was not AI. He was really in an office walking around.
[00:24:30] That means that was never their office. Or it was their office shared with this other entity all along, meaning they were always in the mix. Now you have this symbiotic relationship that was formed, that created a dependency. Turner was at one point saying, okay, I'll help get the technical parts of it off the ground, basically CEO of Block dag, the. The technology, not CEO of DAG Systems, the organization.
[00:25:02] Now you understand, okay, what's changing? What's changing? And Turner even softly said it, we have to unravel this. We have to separate this symbiotic. We got to separate these two entities to where we stand alone. And we can support and self suffice what it is that we're doing, move away from this. But you still have these interdependencies that are driving the marketing side that have not gone yet.
[00:25:29] And as long as they're there, they're going to turn off new investors, which contradicts what Turner's trying to do, which is to make sure that they hit whatever money target.
[00:25:39] Well, why is there still a money target? If what I'm saying is wrong, why is there still a money target? Why are you still committed to meeting a certain amount of money?
[00:25:47] Because they understand that if they don't hit whatever money target that they committed to, they're not going to be able to pay the people to support what it is that they're doing. Over time, they've over committed themselves. They over committed their people. And by over committing the people, they've overcommitted the pre sale. By over committing the pre sale now, you've dropped commitments on two sides. But it's worse because since you've over committed, you may have made commitments to the exchanges that you said are going to be on deck. And if you don't deliver them, you're going to lose that avenue of future support, which I don't think is a big deal. But my point is they over committed at this point, I honestly believe there is a vision that is correct.
[00:26:40] But I'm warning mostly Markham, I'm warning people until this person is out of the mix completely, you're still going to be subject to his rules.
[00:26:57] And as long as you are subject to his rules, as long as you want to work in a vacuum and not be part of the critical mass, it's going to keep on happening. And there's not, as I told you before, there's not a damn thing you can do about it. I warned you. I did.
[00:27:15] It doesn't matter. And it was going to be bad.
[00:27:18] This is. That's the real. That's the real.
[00:27:23] Welcome to the jungle.
[00:27:25] He's got fun and games.
[00:27:29] Everybody else, please watch this ama.
[00:27:33] It was a very good ama.
[00:27:35] It's not going to allay all your concerns because it's not supposed to, but it was a good AMA for what it was.
[00:27:40] Very well structured, good information, great information that you need to see the walkthrough, you need to see that things have changed. But I want you to really internally question how is it that the office is completely different? Okay? It will help you understand how big of a shift this has to be.
[00:28:00] When you see the quality of this office compared to what was, it's going to really wrap your head around just how logistically painful this has got to be to right this ship.
