[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] I have to tell you, it's the hardest thing imaginable to keep myself from jumping into more precious metals because as the prices are going down, especially on silver side, it's extremely tempting to get more.
[00:00:36] Extremely tempting.
[00:00:38] And I know some people, especially if you're listening to some of these channels. I saw classic or no, Happy Caddy, rather crypto, and he did something where he was talking about the growing gold in a lab and all this. You know, I'm going to talk about that briefly today.
[00:00:59] My. My opinion about that, it's a. It's a legitimate thing, but it's a little bit misleading. So I would talk about that. I'm also going to talk about. I watched a coffee Zillow thing.
[00:01:11] This is from months ago, but as I was going back and listening to it, I thought it was a good thing to go through just because, you know, crypto's kind of that boring spot again. So I thought this is a good opportunity to do a little bit more 101. It's not really 101, but just kind of a. A little bit historical.
[00:01:26] Learn from the past and see what the future might hold. At least that's what I think might happen.
[00:01:39] CoinDesk.com we are going to zoom out to the month chart for bitcoin. However, I might sound like a broken record because I'm going to be giving you a number that's going to sound rather familiar and somewhat of a bit of deja vu, that being roughly around the $113,000 mark, which is what we're hovering at. We're trading somewhat sideways with a very slight upward trend, but looks like it may go back down. This appears to be a bit of suppression. I can't say for sure, but the amount of time that we've been in this range is extraordinary. It is unusual. It's a bit odd, and I said that something else is going on under the hood. We just don't know exactly what that is. But it's unusual to see this much of a sideways for this long. Ethereum then currently about just shy of 4,000 bucks has a downward trend appearing. From what I can tell. That's odd because seeing that bitcoin does not have the same level of down, I would Expect that Ethereum would be a little bit more sideways than what I see, but who knows? All I can see is that Bitcoin is in little bit of dire straits now. Of course we are in. What people keep talking about is uptober, all the different YouTubers telling you that October is when we run and bull run and all that stuff. Is it possible that we might run up in the next three days? It's absolutely possible. I just don't see it. At least not from the graph movement that I can tell. I'm not sure I'm saying that I don't see it myself. So I'm going to hold and be a little bit skeptical and we'll see what happens here in the long term.
[00:03:13] In bigger news, Poly Market. I did an episode some while ago where I talked about the fact that Poly Market was going to be getting available to the United States traders at some point in the future.
[00:03:26] They've given a little bit more information where apparently or allegedly Poly Market is going to be made available to United States gamblers sometime in November. At least that's what they're talking about now. Of course you know what was going to happen. Donald Trump took that as an opportunity because I like the dollar. And so Donald Trump's allegedly going to be launching his own prediction market on Truth Social, which Truth Social of course I think is crap, but I'll talk about it because you might be on True Social, Allegedly this is a new product called Truth Predict where it's going to be taking kind of that concept using the True Social deal and allow for trading using crypto.com is kind of some of the backer business here. And allegedly there's going to be some acceptable parameters through the CFTC to allow pretty much open access to this different utility. Now, I said that Truth Social is crap. The reason I say it's crap is that it basically requires a mobile device. Now on their site in their faq, it directly says that if you don't have a mobile phone, you send them an email, they'll get you set up. That's not true. I've tried at least three times. They will not set you up if you don't have a mobile device. So in order to access Truth Social, you are required to have a mobile device. Some of you are probably okay with that. I'm not.
[00:04:43] So just FYI that if you're not a mobile phone user, you will not be able to partake in the Truth Predict. And do I think that this is going to thrive? No.
[00:04:54] Mostly because it Those, you know, those that are older, we remember Trump, Taj Mahal an epic failure as well as other casinos that Trump's own epic failure failure. Trump seems to not really be very good when it comes to gambling situations and I suspect that there's gonna be some kind of a breach. I can't say for sure but I don't have high hopes in Trump's ability or his kids to run another gambling thing. Cuz he's been a failure in the past with things related to gambling. Now he might say that he has nothing to do with it directly, it's just his kids. I don't know if that's the truth. I'm saying that from my lens I am not necessarily a fan of him in any way getting back into that and I wish he would not get into it. But here we are separately and this goes to my, you know, the large part of my, my deal.
[00:05:43] I had done an update about the Trump Token some while ago and the Trump Token of course ended up being a pump and dump and I suspect World Liberty Financial is going to remain a pump and dump.
[00:05:56] And then I saw the Melania token and I watched the Melania Token and I, you know I thought it was a scam. I honestly did. I didn't realize it was an affair. It truly was an official something.
[00:06:06] There's a very shady story behind this whole business and this originated months ago when the thing, the Melania token started to pump because that came out shortly after the Trump token, after it was doing the pumps and then the crap out happened a little bit later. So I didn't expect much of the Melania tokens. I thought it was a scam, you know, somebody was just trying to piggyback off the name later. It was then I learned that oh yeah, this was actually Melania was in some way endorsing it at least.
[00:06:32] And so I dug a little bit deeper and I didn't think it was going to go anywhere and it indeed did not.
[00:06:37] Here's kind of the shady business with this Hayden Davis who is kind of in the center of all this thing. He wasn't the only, but he's kind of the center of this. He, he ran a crypto capital firm called Kelsier, I think it is Labs and a bunch of other people. And then there was a different garbage token, M3, M3, which I had never heard of that same thing pumping up type deal Meteora, which is an exchange, I believe that's Solana based.
[00:07:07] The co founder of that exchange is part of this and Allegedly they had somehow convinced Melania to stamp her name on this. Now this goes to that hawk to a crap where I said she didn't know anything about crypto. There's no way she does.
[00:07:24] She's young, dumb, doesn't understand they, somebody convinced her to do this and it was a ill, ill fated thing.
[00:07:32] The Libra which is the libra tha which goes to the president of Argentina, Javier Malay.
[00:07:40] And he was promoting it.
[00:07:42] So then months ago Coffeezilla on the Voidzilla. So his Voidzilla is where he does. He's got just black, there's no fancy stuff and he's doing just this, you know, interviews and stuff with people. I don't know why he has the two. He probably talked about it in something. I missed it. But the Voidzilla is what you want to check out if you want to go with this. But Hayden Davis is the guy's name. He's talking to the guy on the phone. And Hayden Davis had done something on the Internet where he was remorseful and apologetic and all this stuff. Well, the conversation with Coffee Zillow was rather interesting because in this he was making some statements and Coffee Zillow is talking about how, you know, in the real world, stock markets, et cetera, we're talking about companies that have a product, right? They're selling a product, there's dividends, there's all sorts of value to the investors. Whereas in crypto there's no real value to the investors unless it has a so called quote utility.
[00:08:38] And what tends to happen in crypto is that they are not. I've talked about this months ago and if you're new, welcome. But months ago I talked about the idea that crypto doesn't want to start. This was the whole strange in you if I remember. So go back and check that out if you want to. Strange in you was a essentially a pump and dump scam where they rug pulled it after the fact and believes had shilled it. And so did some others.
[00:09:01] And I said that what, what does this do, right? Nothing. And why are all these influencers, KOLs they call them, why are they all getting on board? What is it about this thing? There's nothing there that's compelling. There's nothing here. It doesn't do anything, right? Cult Dao, it doesn't do anything. Saitama at the time didn't do anything. Terrarium didn't do anything. None of them do anything. And I said that the flaw of crypto is that a lot of them don't want to Start with utility, they want to start with community. They want to drum up the hype, get a whole bunch of people interested, and then do a utility later. Like, even to this day, Floki doesn't really have a utility. It's still kind of wishful thinking. Kuma Inu is essentially dead. Look what happened with Shib. Yes, Shib can be used as currency in some places, but beyond that, what the hell does it do? Nothing. It's just hope. It's. It's Hopium.
[00:09:48] Leash is a scam. Bone is crapped out. You'd go on and on and on. And there's very few that actually have a true utility. Just having a blockchain isn't utility.
[00:09:58] So the technology is what some of them are kind of banking on as utility. Look at block deck, right? They're talking about all these things that they're going to do, but they don't exist yet. Right now. It's all community and hopium that they're banking on to get them by.
[00:10:11] So this Hayden Davis is talking about, you know, he asked the question kind of hypothetical, but he's saying, you know, in this space, how are you supposed to make money otherwise than sniping or, you know, know, that's basically how you're making money is your, your value transfer is kind of preferred. The idea that somebody's going to buy in, somebody's going to sell, that's the way it works. That's the way all crypto works. I don't care if it's bitcoin on down.
[00:10:36] This is true. All of that's true.
[00:10:39] Coffee's all saying, well, yes, that's true, but you got to look at how the difference in a meme, which is literally does zero. It doesn't do anything at all. And you're just basically ripping people off. He didn't say that. That's kind of my transference.
[00:10:53] But then Hayden's coming back and he's saying, no, look at even bitcoin. And, and Hayden said what I've said, which is bitcoin's value is simply because some people said it has that value. It doesn't really have an intrinsic value. It's a. It's people saying it has that value, which is true. All of cryptos that way. That's why I said, I have an update. And it goes back a ways, but the image is the emperor's new clothes. You know where I said, what is cryptocurrency? And I said, there's nothing there. There's nothing really fundamental to crypto. Any of the cryptos, none of them really have it. Many have tried, but they do it after the fact because and believes has talked about this. The vast majority of them aren't coming in with money to build something. That was what was unique about Hedera H Bar, which I looked at, and it's backed by some very big players. And I was looking at that one to see is there something that this could do that the rest of them could not pull off?
[00:11:48] Tron is another one. Is there something it could do that the others couldn't pull off? Internet computer talked about it. I don't know that they've ever succeeded on and on that the various. The various cryptocurrencies never start with a true utility fresh out the gate, which cost money. You have to invest up front and then recoup it because that's how real business works in the real world. They're creating a product either out of their pocket or on loans or whatever, venture capital, something.
[00:12:19] They're creating a product, they're creating utility, they're bringing it to market, they're putting a price on it, they're generating demand on a product, the stock and stuff happens later after they've already established that they bring some value to the table. And the argument between these two, Coffeezilla and Hayden is no, crypto's not like that. Crypto doesn't have that foundation. Crypto doesn't come with a product. Crypto doesn't come with a value. It's all people talking about the value and talking about the price. And then somebody buys in and somebody sells, and it's just value shifting. You're just value, you know, essentially sniping. Right? That's what it is. So Hayden was talking about his whole deal with this, and I think it was the Libra token specifically and to a lesser degree. Milani, he didn't openly talk to a degree about that one because he said he was in danger. It wouldn't surprise me because he said he's sitting on $100 million off this Libra fiasco. He said the Libra did not rug pull. He said that the Libra did not fail. The money, there's money still available. He just doesn't know how to get it to people to make it right. He's sitting on it in wallets. And then Coffee Zilla is talking about how those wallets were connected to snipers on the Melania token. And that's where he was. And then this.
[00:13:35] What is it? Doug Portnoy. Greg Portnoy, whatever. His name is this idiot, right? That he was newish to meme trading and he's acts like a mark. Right. And. And apparently Portnoy had said that this Hayden dude reimbursed him because he had bought in. I think it was the Libra token that Portnoy knew about it and was able to get in, but he didn't get in, like, super early. He got in at a point, lost millions, and that Hayden had reimbursed him personally. Hayden denied that. He said, no, it was a wallet that I have access to, but it wasn't my personal fund. So then the two of them are not consistent. Just shady shit all the way around.
[00:14:12] But then he says they were talking about something that I. That resonates with me very strongly, which is this, again, idea that crypto does not have any sort of intrinsic utility or value. It's just value shifting. You're just shifting money from A to B. And the memes are nothing more than gambling. Hayden actually straight said it's basically gambling. How else can you make money? This is the only way you can make money is by this trading. That's all crypto. It's.
[00:14:35] Everybody has to do that because there's no other way.
[00:14:39] Coffee Zilla didn't say the one thing I was hoping he would say and probably didn't think about it at the time. So I know he knows it.
[00:14:46] I did an interview way back where I was talking, and I've talked to at least two people who were there when, you know, bitcoin first became a thing. Right.
[00:14:56] And the truth is that cryptocurrency was never meant to be traded for fiat in the first place. That was never the intent. The intent was never.
[00:15:08] Go back and you can look at the episode Mr. Cigala S C I G A L A great interview with somebody that was there, and he. He was explaining kind of what the intent was in the spirit and that we shifted away from it over time.
[00:15:22] But the spirit, the intent was that it would be basically a tradable asset that didn't need fiat equivalency. It had its own intrinsic value as a tradable asset. And we veered away from it when it got paired with Fiat.
[00:15:36] And by pairing it with Fiat, it created this artificial value that we now are tussling with.
[00:15:42] So Coffee Zillow didn't call that out, from what I could tell. And I was hoping he would, because that's really the counter argument is your focus was all jacked up. Your focus was, I just got to make money which spun them into the conversation about these KoL/ influencers,/ shillers. And the idea that all these shillers, who you probably have listened to and probably told you to buy in a project, each and every one of them, and Hayden admitted this, they all know, okay, there's going to be a project that's going to launch.
[00:16:12] We're going to have this many tokens.
[00:16:14] This is the date that we're going to launch and release the tokens. Chances are those might have had tokens in advance because that's how those influencers are making money is to essentially dump on you. And it's a value shift. That's what it is. And it's a pervasive situation. These mainstream ones, let's say PI Pride Network, great example, PI Network has a pre sale. It has a token lockup. People are pissed off because the tokens are locked up. Hayden makes the point, well, what are we supposed to do? Not launch it? You know, if we lock it, we get people pissed off. If we don't launch, we get people pissed off. If we launched, it dumps. People are pissed off. No matter what you do, you can't. And that's, that's a valid complaint. Is that because of what we've done to cryptocurrency, essentially, the expectations are all jacked up. Every last one of these.
[00:17:03] You now have no choice but to launch with some sort of a tangible utility. You have to invest up front. That means you're going to be in the negative until you can prove that you're worth investing in. That's first. Second, go away from the concept of pre sales. You're trying to use pre sales to generate the money you need to do the product.
[00:17:23] Well, that's a, that's gambling. By your own admission, you're essentially gambling. Especially with the memes, you're essentially gambling rolling the dice that it's going to be something or that it's going to make you some money. And that's what it's turned into is a glorified casino. Coffeezilla made the point. Well, yeah, but that the insiders and these KOL slash influencers, slash shillers, just like with casinos, the reason that they're so heavily regulated is that, you know, what you're saying is that in crypto, because there's no such hard regulation, they can cheat, right? They have rigged cards and rigged dice and rigged slot machines and they are inside, they understand how to rig the game in their favor. And Hayden's like, yes, that's how Those people make money. Neither of these people are wrong, right? The influencers Slash Kolsh Shillers, they have to be on the inside because that's the only way that they have to have the information in order to entice people like you to buy into the project. If people like you don't buy into the project, those Shillers don't get paid because the value never increases. The value is shifting from you to them. Then they're gone, they're out of it, right? They dump off the project and gone. You've seen it with, I'm sure you've seen it with Jake Gain, I'm sure you've seen it with Rodney, I'm sure you've seen with Austin Hilton. Awesome. Austin, you know, Zach Humphries. You've seen it with all. You know the names, okay. You've seen the same pattern, right, with all the hinoc. You've seen it with all these different ones. So the. Everything that was talked about in this one was very good. And I hope people take the time to listen to it and try to wrap your head around why, like in my case, I don't talk about a lot of these because I said I don't see ones worth your time because I understand the game. If they're doing heavy shill and hype, I already know what the deal is. I know why they're doing it. They're doing it to get you to put your money in so they can dump off you. They'll tell you it's a timing situation, sure. But if they already have the inside knowledge and they already have the rules of the rule book before you even know there are rules, how is that fair to you? And it's immoral, but it's not illegal. At this point, the idea of a pump and dump is conceptually illegal.
[00:19:29] However, the influencer slash Shiller slash Kol doesn't control that liquidity pool. It's the developer. If the developer is working in cahoots with that influencer, that's a big problem.
[00:19:42] Where it's another issue is where the. Like with Saitama, right? Mandy, the rug puller.
[00:19:48] You have a project and you're presenting that your project is going to do something and as a result of that doing something, it's going to increase the value. So it's a misstatement, right? Creates the security, et cetera and so on with the side of realty and side of chain and all this crap. But the idea that developer, the green chart I covered some time ago, long time Ago, years ago. Green chart, okay? It puts out a project where it says we've written the code in such a way that it's going to go up and up and up and up and up, right? And for a time it was. And then they gave the keys to that duck face girl and then she dumps off the project. Well, that's the dev's fault because they gave the keys to the duck face girl in the first place. Any flight, I forget what even it started as, but any flex, same thing, right? They say, yeah, we're going to give you these tokens and then the reflections are going to be. You can pick what you want as the reflections, but it's not sustainable. Saitama V3, you know, why do you care? It's all volume Anyway. Do do same thing.
[00:20:46] If the dev misrepresents what's going on, they're. They're cheating you is what's happening now. You fast forward to something like a block dag, right? And I've said you gotta hold on what they say and you can't listen to marks who are telling you opposite. You gotta listen to what the team says and hold them to that because all they're doing, the money's locked up. You don't have a choice. If you gave money due to misrepresentations of a nature like the Dortmund or that kind of stuff, they're misrepresenting what it is and they're going to get in big trouble. Right?
[00:21:19] This is the same kind of concept, but all crypto does it. I've said all crypto does the same thing. You can go down the list. All crypto does the same thing. The big ones that are already established, it's harder to rip off. Like Bitcoin. There's no devs. Sure.
[00:21:33] Doesn't mean you can't get ripped off the exchanges. Ultimately they control the price.
[00:21:37] They can manipulate the price to cause a liquidation on you. It's already happened multiple times. Mine is simply to tell you this kind of conversation, I think is good for people to listen to so you can understand how crypto is a shady business. And it's why I say please don't YOLO in any damn thing. Because you just don't know beyond all the stuff. It doesn't mean you don't get into something it looks like it might be something, but you gotta make sure you're protecting yourself, not because they're going to take it from you.
[00:22:06] Don't listen to some of these people that claim that they have your best interest at heart. And when we talk about kol/influencers/ shillers, you need to understand people like CEO Reed, the mark he is that he is a kol. He's an influencer. His job is to try to encourage you to put money into the project.
[00:22:26] That's his job. He's an ambassador for block DAG. It's on his LinkedIn. You can go verify it yourself in case he wants to call me a liar. Muhammad, he's not an official ambassador, but he might as well be. Okay, Chanel. All these ones that are, that are trying to reassure you they're doing it because that's their role is as a KoL influencer. Shiller to get you in and keep you in and not drive you away. The reason that those people and certain others like Kosher are trying to censor myself and Scam Alert, who I'll talk to as I close up talk about is because they don't want to have negative true feedback put out there. They don't want to have the truth. You should be concerned at projects that don't want you to hear the truth. Even if the truth is not to their positive, it's still the truth.
[00:23:15] Scam Alert by Fetra. It's a channel out there.
[00:23:18] Got two copyright strikes. I got two copyright strikes. One of them got removed. The other one I'm working on right now, I talked about before.
[00:23:26] Scam Alert got two. I don't know if all of his videos got removed by YouTube or he just chose to take them down. I'm not sure on that one. I suspect that, I suspect, I don't know that he just, you know, took him down just to be on the cautious and then kind of go through it as he's pushing back on it with the counter notification process. And if you're listening to it, like I say, Scam alert again, I got a guy if you want to use. He's not the cheapest, but he's not crazy expensive, but he's not the cheapest, but he's, he's solid and what he's doing. Some of these are sketchy because we understand they're misusing dmca. I know they're misusing in his case based on what's described about the reasoning.
[00:24:02] They're definitely misusing it in my case. And the problem is that YouTube is complicit with the misuse of DMCA. So when it happens, YouTube's not going to work extremely hard to do it. And there's two things I'm going to spoil here. Number one, there's a disconnect between you, YouTube proper and Google.
[00:24:21] So YouTube proper is where the copyright folks are. I have reason to believe. No evidence, but I have reason to believe that gurus has people, his company has people inside of YouTubes in their copyright area where they're bypassing due diligence and it's actually against policy. But YouTube themselves, they're compromised.
[00:24:45] They just released a thing talking about we're gonna do this video stuff about likeness and all that crap. Why are they doing that? Because they're trying to make it easier to do takedowns. So I'm saying that from my lens, YouTube is compromised. That's why I say I don't care about YouTube. It doesn't mean it's just one distribution source simply because there's people there. I don't do it because I want to. My thing distributes all over the place and then even different countries. My place is all over the place. I've had. I've had people in like India, France, Germany. Mine's all over the place because I knew. I don't know where people specifically are. I just want the content out there.
[00:25:24] So YouTube is one distribution source.
[00:25:26] Those people that are hearing it on YouTube, they can hit CryptoTalk FM, subscribe directly to the audio to bypass YouTube censorship. Because there's going to come a time that YouTube's going to start ramping up the censorship across the spectrum. You're going to start seeing regular. There's people who talk about historical stuff where because of wokeness, they're just censoring. That was perfectly acceptable five years ago or ten years ago. This is the reality of something like a YouTube. Bitchute doesn't have that problem. But Bitchute has issues.
[00:25:56] Quality of the video is not that good. The replication is not consistent. There's all sorts of other issues that bit you.
[00:26:03] Rumble's got its own issues. Odyssey is a piece of crap. Like it's. It's starting to get very difficult for some of these.
[00:26:10] So I'm just clarifying and verifying for everybody. So you understand YouTube is one distribution source. There's people out there on YouTube that prefer YouTube. And we understand. But you need to be clear, at some point things are going to start getting taken down because that YouTube is actively doing that. And it's gonna get worse before it gets better.
[00:26:31] So for scam alert, like I said, hit us Cryptotalk fm, hit the contact forum. We're happy to refer a guy if it's something that might help you. He's not cheap, but he's not crazy expensive either. I think for the work that he has done so far for. For us, I think he's really good. And I'll let you know if the second one gets taken away. The reason I distinguished YouTube versus Google, the YouTube side is doing everything they can not to follow the DMCA process to restore the work under the counter notification. And that may be what scam alerts running into is my guess. I don't know for sure. But the YouTube side, I have no confidence or trust in them whatsoever. I think they're all internal crooks and scammers and fleece, you know, people. I think they're. They're shit.
[00:27:16] However, the Google side, which is the partner connection, the Google side, it appears like they can intervene when there's situations that's not working correctly. And so I suspect my theory. I. Because your process goes through YouTube, it doesn't go through Google.
[00:27:32] I'm going through Google on other situations and that seemed to get more traction. So, like the one that got restored, that went by way of Google and then all of a sudden everything was good because they saw there's no basis in this one. You didn't submit it. Right. So I'm going to be. If this with the attorney doesn't work for the second one because it's. It's crap too. I'm going to do the Google route again and see if I can get the second one restored. If it does, I'll do another update for you just to see if it helps you out as well. Because we need to have the critical content out there for people. Mine's all over the place, so I'm not worried about YouTube, but yours. You're on YouTube and you're a growing channel. It's bullshit for people to, you know, have your stuff taken down, especially when they're not following the spirit of the law. And of course, you got the marks and the block tag investors, people who are complicit in that shit because they're not speaking out about it. We. We know what that is. It's possible Muhammad might have even been a contributor to what's happening. Can't prove it. I'm saying that these are the things that when you are Marx and you are complicit with this kind of shit, that we have to look in deeper what it is.
[00:28:36] In closing, I'm. I'm really. It's hard for me not to buy more precious metals. It really is. Fortunately, mortgage is due. I got some contractor work happening so that's going to eat up some money that's keeping me honest and keeping me from buying some of this stuff. But these dips are kind of irresistible and I may have to bite the bullet, put it on some credit or something. I really don't want to do that. I I am really excited about the potential of Silver. I'm not potential, not potentially excited about crypto, at least not yet. Probably next year. But in the short I am watching and mindful about these opportunities to run up, I just don't think it's going to happen in the near term.
[00:29:42] Sam.
