[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] Allergies are still kicking my tail and I am hungry. So I am going to be slimming up today's episode here at Crypto Talk Radio, but I want to make sure I cover as much as I possibly can.
[00:00:31] I think.
[00:00:33] What's happening now it's interesting how influenced things are, how manipulated things are. It's really fascinating.
[00:00:44] And what appears to be transparent clandestine attempts to try to trap people, to tell people something's the case. I don't know what it's all about, but I am going to talk about what I see because I think it's important.
[00:01:01] So I'll be coming a couple of bits mostly around what I'm seeing.
[00:01:06] This is all speculative, don't have any evidence of anything. Just looks like it's some shady business going on in the crypto space. So I'll be talking about that. And then the tail end of the episode will be heavily focused on Shiba and the SHIB ecosystem, which I've not talked about in a while because I felt like the moment they did that with Leash, it was confirmed a scam. So I'll talk about that. As we wrap up.
[00:01:35] Coinmarketcap.com we will zoom out to the month chart starting with bitcoin, currently trending at just shy of 66000 bucks. Not long ago it had hit the $66,000 mark and then of course experienced its natural back down a little bit. It's not, not a major deal, but I do see somewhat of slight downward prior to what appears to be a run up potential happening here soon.
[00:02:01] That's bitcoin specifically. At least Ethereum didn't fare nearly as well. Currently hovering around the eighteen hundred dollar mark. It did have a run back up after a dip, but I, I don't see strength in ethereums at all.
[00:02:16] It does seem like it's there, but I don't see strength and I'm not exactly sure.
[00:02:20] Again, as I said at the preface, I'm not exactly sure what's truly going on other than what appears to be some form of manipulation. I could have that wrong. I could be way off rocker with what I see. But when I look at things like BNB, which I don't talk about too much BNB, usually BNB runs up lockstep with Ethereum.
[00:02:45] BNB's had a hard time of it over the past bit. It had a run up, you know, like the end of 2025, got all the way to like close to 1400 bucks. But right now it's been hovering around that, you know, 6 to $700 range and hasn't had any run up.
[00:03:01] And that's odd because BNB seems to be more stable from what I can tell than some of the other ones. So I'm. I'm saying something's happening. I don't know specifically what it is, but it feels manipulative. It feels like it's not. It feels like it's artificial, it's not real. And there's something that's suppressing parts of the market. Whether that's true or not, I really don't know for sure.
[00:03:27] The other bit of big news some people had was the recent announcement from BlackRock. Of course BlackRock is one of those orgs that believes in DEI and ESG and they're killing the business, the gaming business.
[00:03:38] But if you're in that, you know, I'll share it for you. But they recently released I think the start as of yesterday or today with this Bitcoin exposure. Bitcoin premium income ETF from iShares and some people were okay, what does that mean? Because some of the news articles talked about monthly income, I thought I would do the best I could to try to simplify down what's what this is all about.
[00:04:04] Consider it's possible I get some of this wrong because the way they write these up is designed to confuse people.
[00:04:11] That's the bottom line. But put simply, you can buy and sell and trade this like any other stock. So if you have a place that you do your trades right now on the regular trades during bankers hours, you can go to that same place. Do the search for this Bita is its call signal. Start trading on Nasdaq and you should be able to do the trade if you're trading facility of choice has allowed it because not all did.
[00:04:37] But apparently this is available right now. I've not looked myself, don't plan to yet because I wanted to let the dust die down.
[00:04:44] But the way that it's described and the way I'm interpreting this, I don't want to get too down in the weeds on the trading side because this isn't the episode for that. Maybe I'll do a future episode to go some of this.
[00:04:59] But this is what I'm talking about when I say they're trying to confuse people. If you know how options work, then you're already ahead of the game. If you don't know how options work, I would advise you to avoid this because it's connected to options.
[00:05:13] So the bottom line is, again, I don't want to go with even the weeds, but the bottom line is an option.
[00:05:19] An option to buy, right, gives you the right to purchase at a given price, referred to as a strike price.
[00:05:27] You then pay a fee.
[00:05:28] Okay, the fees that are collected for what I just described for this new deal, the fund is collecting those fees against the strike prices. They're collecting it up, collecting it up, collecting it up. And that becomes this so called monthly income that gets distributed to the shareholders.
[00:05:45] Now because it's tied to options, and that's why I'm fighting not to go too over technical, but because it's tied to options, it is therefore subject to the same downsides as options. That meaning specifically with this one, if Bitcoin's price pumps, it rockets, as it tends to do, the gains get capped. You get just what that level was at whatever that strike level was. That's all you get for your quote, monthly. You don't keep on getting a higher monthly simply because it ran up. So if you think of it in terms of your position, if you were to get in it, your position is establishing an amount of monthly income you can expect.
[00:06:29] If it runs up, you don't, you're not entitled to get more simply because the price ran up.
[00:06:36] So it almost, if you think of it, it almost behooves you not to get in. Now if you think bitcoin is going to run up again, assuming you care about the monthly income, because you won't benefit from that monthly income. Now the downside of waiting, this is a personal opinion, is the number of shares that you would be able to hold obviously would go down or the more money you'd have to put in to get the equivalent number of shares to balance it all out, because the number of shares correlates. And if you put money in, you're going to get a certain number of shares and that's going to correlate to how much of the pool that you're entitled to in this form of monthly income. Now let's be clear, nothing has been transacted. There's no history, there's no, there's nothing to compare against but just going off similar models, just to be clear, I wouldn't expect too much unless you're able to put six figures in the thing.
[00:07:32] If you're able to put six figures into that, that's a lot of money per month. Don't get it wrong.
[00:07:39] But again, if you had that money, you probably wouldn't be looking at something like that. You probably wouldn't be looking into this for monthly income type deals because you already have some sort of facility that probably does a better job.
[00:07:51] This is catered to two people, from what I can sense. This is cater to whales. Absolutely.
[00:07:57] It's also catered to people that understand Bitcoin is volatile and they understand right now it could pump up to unreasonable levels at any time.
[00:08:08] But it also is catering to people who expect that it will stabilize at some point. That's what this is catered to. It's catered to at some point when we're past this random pump period and we get to a stable point that you should be able to rely on this as a source of steady monthly income.
[00:08:28] That's what people are resonating with, is you could use this as an investment deal to get this monthly income. Now, it doesn't say specifically how that, you know, is a dividend distributed or how that distribution works. And we understand that from a tax perspective, it's probably going to nail you to the wall. None of those fine points have been fleshed because nobody's benefited from it yet. That's why I said I'm going to wait, watch and see what happens. But it's not that I'm against the idea. I think there's a. There's some market for it and I had enough that, you know, I could look at that. It's certainly better than a bank. And I was thinking about those things.
[00:09:07] You can trade it, you can sell it, liquidate it, da, da, da. Then capital gains. And then you have to think about if the IRS will nail you on the capital gains plus the income. That's a double whammy versus if they get to the point like in some countries where cryptocurrency straight does not have capital gains.
[00:09:27] So in other words, you're going to want to think about, do I do this and possibly get nailed by the IRS or do I wait for the Congress to get their act together on the crypto side?
[00:09:36] And I think what BlackRock is trying to do now, this is theory, is at least open the doors for the whales where they want to just put it in there, not worry about the spot, you know, price shifts, and not worry about the volatility and the legality of holding crypto directly. That's why I think they're just trying to make it available for the whales out there. That's my theory. I don't know for sure.
[00:10:03] The remainder of the episode is going to focus on shib. The shib ecosystem and numbers I was not aware of, but they don't surprise me. And a laugh that I had.
[00:10:13] First, I need to put the person's name because this was not me that compiled this. Although I've done copious videos about shib and the shib ecosystem.
[00:10:23] For me, I kind of. I don't want to say abandoned it, but I. I kind of overlooked it after a point because I was not sold on what I was seeing. And I didn't want to continue down the path knowing that it didn't appear like it was going to recover anytime soon.
[00:10:39] So I had covered bone, you know, I was a whale in bone. Not now, but at the time I was a whale in bone. I was never willing shib. I did buy shib at a point years ago.
[00:10:49] I was one of the ones that was telling people, you know, Doge took eight years to get to a point. So I was trying to re. Encourage people. But at the same time, that's predicated on not having idiots in your leadership. That's the genesis of what I see.
[00:11:04] That seems to be confirmed.
[00:11:06] I'd like you to, if you're in that eco at all, I'd like you to assess what the person's saying. Make up your own mind. I know I've made my mind up, but I did it before this person. He just reinforced what I thought.
[00:11:18] So this person's name, according to social media, is Edison Carranza.
[00:11:25] This person was talking about shiv and at a high level, basically said what I said, which is shib was all luck and timing.
[00:11:34] I'll add to that. Yes, it was luck, yes, it was timing. But it was also idiot Vitalik burning half of it. That's what created the God complex that the person on Leica talked about, where you're just praising somebody like a God. That's what happened that when he did that burn, that's what spawned all the different dog coins trying to get him to burn their tokens. And they tried to use it as a sales pitch and everybody looked at and worshiped him as a God figure.
[00:12:00] That's really all ship had. Ship didn't do anything. They talked about the welly and all these. It didn't do anything.
[00:12:09] Focus fast forward.
[00:12:11] After they start talking about we're going to do this shibarium and all that. And then, then Shytoshi did the cologne scented book and he went up on stage and he's pitching the cologne scented book for one eth or whatever that was just completely in the crypto Bubble Bone supposed to be the. The gas for Shibarium.
[00:12:31] After they initially said it was going to be shib, that pissed people off. There's supposed to be governance. Then they were supposed to renounce, but they didn't fully renounce. Leash was supposed to be rewards. Then all of a sudden it starts printing out of nowhere. Initially they lied and said it was a one time thing when it wasn't. It was actually a hack. The thing was hacked and they turned on the rebasing that they left in the contract. When afterward, before that they had told you that it was removed. It wasn't removed. They left it in there.
[00:12:59] According to the team, the original developer is the one who turned it on. So they let. He basically left himself a back door and caused it to print out of control. It's still printing. It's like 300 quadrillion of leash.
[00:13:11] This is something that had over just a hundred thousand and peaked at like 4 grand.
[00:13:16] So the point is that everything I saw just was red flag after red flag at the red flag. And I don't know where it went wrong, but it just seemed like it derailed at a point. This Edmondson person, Carranza put a post on Coin Market Cap that I thought was very intriguing and I thought some of the numbers that the person gave would be of interest to people listening that were in the ecosystem. Curious what happened. Didn't follow it. I did an update about the LEASH printing out of control and initially they didn't believe me and they didn't come back. Give my credit when I talk when you saw what happened because I told you this is bad.
[00:13:50] So. But here's what the Edison person says and I'm going to quote some of these because they're good numbers.
[00:13:55] Quote Shytoshi kusama has shilled 14 plus projects under the SHIB ecosystem. Every single one has lost 93 to 99.99% from its peak combined value. Destroyed about $38.4 billion. Here's the full breakdown and then he goes into really good details here, which I thought was good. Some of this I didn't even know. First Shiva Swap the DeX launched July 2020 first hit 1.5 billion in total value. Locked. That's people staking in and stuff. In 24 hours, right?
[00:14:31] Today, about 45,000 to 167,000 in daily volume. Ranked number 125among DEXs, 99% of liquidity gone. Stop and I'll get to the rest because he talks about a couple things from that Shiba Swap. Let me give you my history on Shiva Swap. I got into Shiva Swap way back. There was a project called Ryoshi's Vision. Ryoshi's Vision. They were maintaining the Shiva Swap application. The Shiva Swap application, you staked your stuff in there and you're supposed to get rewards.
[00:15:02] It turned out that at some point it was set up to where a person, a human, had to go click a button to get the rewards to issue every single time. It wasn't automatic. It wasn't smart contract. So for those people who criticize other projects like Block Dag, for example, for being Outlaw, Rudimentary mud show. Let's just put it in perspective. SHIB was doing the same thing. SHIB was arguably outlaw to a degree. It kind of still is. But I'm saying back then it was not that you had humans doing stuff. There was no smart contract stuff. And again, it didn't do anything.
[00:15:38] That was 2021.
[00:15:40] Okay?
[00:15:42] What he's saying is hype.
[00:15:44] Hype caused people to jump in there. Now it's a fraction of Pale Shadow, what it used to be.
[00:15:50] Continuing quote, what was stolen. 1.3 million in Shib, 1 million in Eth, 717, 000 in Canine, which is a different coin that I didn't follow.
[00:16:01] 680, 000 in Leash, 260, 000 in Roar. Again, I didn't hear about that one.
[00:16:07] 143, 000 in Treat, USDC and USDT and others. Shiv dropped 11.5%. Bone crashed 43.5%. $800 million in market cap erased. Now, the bone crash is a couple of different things. First, somebody on the inside allegedly was dumping off bone. They had a significant bag of it. They were dumping off of it and dumping out of that project.
[00:16:32] Prior to them allegedly renouncing it. Somebody did analysis and determined it wasn't really fully renounced. And what happened is they have this other contract, Top Dog or some other garbage, that it's set as the owner of it so that allegedly no person had contract ownership of it. But by the point they had done this part, it had already crapped. And then the team had said, I remember this. They had said, we'll renounce it, so we're out of it, so we can't influence it anymore. But all the money had been drained out by that point. So just to be clear, Bone the reason it was so much more hindered than the other ones is because of all the fiasco that happened, starting with them announcing it was going to be the gas for Shibarium instead of ship. That hurts sentiment. But then allegedly, whoever it was that dumped their major bags and then after that, allegedly did a renounce that wasn't really renounced because it went to the top dog.
[00:17:27] Everything came across shady as hell. That's the point.
[00:17:31] Continuing Quote the Shibarium bridge hack which I talked about.
[00:17:35] September 12, 2025.
[00:17:38] An attacker, Flash, loaned 4.6 million bone, seized control of 10 of 12 validator keys and drained 17 tokens worth $4.1 million.
[00:17:49] Only 12 validators securing a bridge with millions in assets. No Multi Sig protection. Now put in perspective what he's saying. This is the other person that was doing drain outside of a lead. This is why I say allegedly somebody inside had done a drain and then this happened and it drained even further. But what he's saying. 10 of 12 validator keys are all taken.
[00:18:14] How can that possibly be? Unless the validators are all in collusion. They're all working together instead of the same person.
[00:18:21] That's. That's essentially the only way that could possibly happen. Because the validators should all be independently different people. He's also saying there's no Multi Sig protection. If this is an advanced organization, how can that possibly have happened? Because remember, people are praising Shytoshi Kusama as this brilliant person up on top the hill.
[00:18:40] But you're seeing these breaches and drains and all this fiasco that doesn't make sense. And again, for those that look at Block Dag and they say look at how rudiment. Because I say look at how rookie that is. Look how rudimentary. I want you to understand what they're dealing with. This was just 2025 and. And Shabir was still having issues all for years from 2021 to all pretty much up to 2026.
[00:19:07] Shib and Shibarium has never had stable. It has never had consistent. It has never had reliable. If you look at the dollars, ignore ship. It doesn't matter. If you look at the dollars start to finish on all their stuff, it's worse than Black Dag. That's why when I say I don't see scam, it's because, dude, they're doing stuff.
[00:19:30] And arguably better. But the bar was low because look at what ship's doing.
[00:19:36] Continuing Quote Shib made a verse Land sold 19,600 plots.
[00:19:41] This is 2022. Investors pay $650 to 3200 per plot. Now worth $6 each. Down 98.6% over 20 million raised. 6,000 holders sitting on worthless digital art, he says digital dirt. It's really art. That's what it is. The Metaverse quote is a basic PC chat app. Yes, that's exactly what it is. And I did not.
[00:20:07] I didn't understand it. It didn't make sense to me.
[00:20:09] I know it was height and shield and all that, but it goes again to the level of incompetence and lack of technical skill. These people sold everybody that they were the top of the game because they got lucky with Shiv. And because they got lucky with Shiv because Shiv doesn't do anything.
[00:20:29] And Idiot Village burnt half. That's all they had to hang their hat on because the other stuff they had didn't show up.
[00:20:36] Continuing. Quote Shiboshi NFTs 10,000 collection. This is 2021 peak floor. 1.94 ETH. $8,700. That's as of the time, because remember, ETH was pumping at that time now.
[00:20:51] 0548. $62, down 99%. 50 million in peak volume to $615,000.
[00:21:01] I ignored the Shiboshi NFTs because I think NFTs are a scam. Nobody has convinced me otherwise. I know, bored ape and all that crap. I say NFTs are a scam. It's Emperor's New Clothes. They're a scam. They've been. I believe they always have been. I will continue to believe that they're a scam because that's what I see.
[00:21:21] Continuing quote Canine, which is Canine Finance. And I remember this one in Canine Finance, at one point it's I'm diverging a bit. They had sent out a message basically threatening the ship team. They basically said if you don't fix this was after the breach. Shibarium breach. They said, if you don't fix this, we're going to start dropping some dimes on people. Quote all time high. Three zeros. Three five zero.
[00:21:45] Now. Six zeros and four down 99.9%. Lost $717,000 in the bridge hack. K9 Finance shut down entirely it just this February after the team failed to compensate. So they threatened. They said, look, we lost crazy amounts of money because you're breach here and if you don't do something, we're going to start putting some names out.
[00:22:07] They fought and fought and fought and the ship team never made it right. Even though the ship team said they were going to. They never made it. Right. And then K9 basically had to shut down. They had to shut down business. It sucked.
[00:22:21] Continuing quote Treat the final ecosystem Token hyped for 3 years before launching in January 2025. All Time High 0.019 now 30018 down 99% Market Cap 392,000 3 years of hype for a debt token. Treat was written in the original paper that spawned after Shib that talked about what the future is going to be.
[00:22:47] They said then Treat was going to be a rewards token. But remember that leash was supposed to be the rewards token. So you created confusion in the community, which I believe contributed to its decline because you've created sprawl, which is what I told these numbnuts.
[00:23:02] Continuing quote leash the scarce token 117107 rather,646 supply all time high 4500 bucks basically in 2021 now and he's. His number's wrong. He says 085. That is not true. It's got like, I want to say like 10 zeros or some crazy number.
[00:23:23] Down 99.99% a Rebase exploit in 2025 blew the supply to billions. And that's not true. It's now quadrillions of tokens. The entire scarcity thesis was destroyed overnight, which the team attributed to a developer that went rogue. And then initially they said it was a one time thing. Turns out it was a lie. It was not a one time thing. They got hacked and after the hack they turned on the rebasing. Allegedly. They reached out to the developer who threatened them and said that you have to do this, this, this for me or I'm going to let it go. And the team refused. And so that person let it go. And I said it's possible that whoever that person was knew they were going to do this all along. Like a disgruntled former employee and kind of was holding them by the balls to expose what was going on with the project. I don't know but that's what it looked like.
[00:24:11] Continuing quote Boom Shibarium Gas and governance Token all time high 15.50 in 2021 now $0.06 down 99.6% market cap 472 million to 15 million. It's actually lower than that. The lifeblood of Shibariums on life support. Yes it is.
[00:24:32] Shiv the flagship all time high four zeros eight six one six I'm pretty sure that's correct. Now five zero five nine down 93 market cap went from 41 billion to 3.4 billion.
[00:24:47] That's 37.5 billion in value gone.
[00:24:52] The shy stablecoin promised since 2021 first mentioned by Ryoshi in May 2021 repeatedly promised by Kusama from 2022 onward. Status in April 2026 never launched. Latest excuse Waiting on clear stablecoin regulation for years. Waiting on this one. It was true. That was in the original white paper. It was true that it was shilled and hyped and everything else. All of that is 100% legitimate and true. That is absolutely true. They were talking about this stable coin and how it's going to change everything. This whole business of waiting on clear stablecoin regulations may or may not be the truth because as we know, there's never been clarity, no pun intended, on stablecoins. The problem is, is that it was talked about for years, so they shouldn't have even started talking about it until that clarity happened. Because we had a lack of clarity all the way back to 2021. Didn't stop people back then. They launched stablecoins all they care to and just said screw it, we're just going to do that. So I'm saying, I don't know what really is the case here. I will tell you. Lockdown apparently just said screw it. We're just going to launch a stable coin. Because why not? Same with FTX and poof here. So some of them are just rogues that just do whatever and not waiting, which gives them less of an excuse.
[00:26:05] Continuing Quote Shibarium Today total value locked 1.4 million.
[00:26:11] Launched the same month is what it is now, right? Launched the same month. 8.4 billion on the base daily transactions crashed to 557 as of April. Gaming ecosystem 228 active players across 31 games. Bridge hacked for 4.1 million. This is what utility looks like. Apparently.
[00:26:32] So 2 just 200 PL do you understand that there was over a million holders of Shib? And I said in an older deal, it doesn't matter that you got over a million holders on Shib, because the vast majority of them don't care about the ecosystem. They're just trying to wait for the token to make them a millionaire. Which is never going to happen. Just like Kuma in you. This seems to be evidence that nobody cared about Shibarium. And I said that nobody cared about Shibarium. Nobody cared about Weller. Welly. Nobody cared about the Shiboshis. Nobody cared about the Metaverse, the stuff they were doing. Nobody cared about. They're Catering to the stuff they think is fun, not the stuff that's actually going to entice people outside the crypto bubble.
[00:27:14] Here's my thing.
[00:27:15] Okay, here's my thing. I am not trying to make fun of anybody who's in the eco or likes the eco or still celebrates the eco. I'm telling you what is that's always been shady business. Countless projects that they all failed.
[00:27:31] Now, I can't tell you that they intentionally ripped you off. I can tell you that many people lost money.
[00:27:38] The people that lost money, they're the people that believed in this vision that really had no sustenance. This is the emperor's new clothes. This is what that is. There's nothing here. There's nothing that told you it should have been a thing. But they all jumped in that stuff, right? So when we look at other projects, not even just Block Deck, but any project, and they're making lofty promises and then they deliver stuff, nobody. This is why I say outside the crypto bubble. Real people don't care about NFTs. Real people don't care about cartoon dogs. Real people don't care about fake plots of land somewhere in a blockchain. Real people don't care about treats and canines and shiboshis. They don't care. Real people don't care. Real people care about one thing. If I invested in this thing, I expect to get some money out of it. That's real people. These all of them crypto projects, they don't focus outside the bubble.
[00:28:36] So when you see the types of things that they're focusing on, this is what you hold to scrutiny. You hold a scrutiny. What is it you're focusing on? And is it something that's going to appeal outside the bubble?
[00:28:48] Many of these projects, all they were doing is reacting to what was popular in 2021. So when you see they're. They're stuck in time, that's in the past. That's why I started with this etf, because that's an attempt to try to appeal outside that bubble to something that's going to actually make them some money. Because they understand that a lot of people are on the sidelines. So they're trying to do something to get those people off the sidelines and not worry about the garbage. Do you understand what that means, though? That means crypto projects can't focus in that direction. They can't focus on garbage. They got to focus on real.
[00:29:26] Real means different things to different people. I'm not suggesting it's simple. I'm Saying that if they don't focus outside the bubble, they're not going to get those people back. They're going to stay or go wherever they're going to go.
[00:29:37] That money is not going to flow back in because you can't keep going off of what was popular in 2021. It's not popular anymore.
[00:29:45] And many of the like, I'm, I'm convinced, I'm convinced Shytoshi Kusama has got to be a 20 something year old. There's no way this is a grown ass man in his 40s, 50s. There's just no way. Well how can you have somebody in their twenties trying to appeal to people like myself that are way dirt older than that, looking at the garbage they're putting out there, not understanding it. And by the way, I don't know if anybody's paying attention to other projects.
[00:30:11] Dxrp, D E X R P Another person I follow, they were talking about that project. Some people said this is a scam. What the hell, BGM something or other Somebody else I follow, they were talking about that one. People like that's a scam. What the hell DEV or Devi or whatever the F it's called.
[00:30:29] People are talking about NASDAQ and all that stuff. Now look at it drain like a crazy and apparently the fast owner is dumping out the project.
[00:30:37] When you look at everything I just described, you look at this bgm they reached out to Shillers to market the thing. The DEXRP reached out to show us to market the thing the dev and the CEO past CEO just completely dumps out the project. Just completely kills the business.
[00:30:51] When you see all these projects that are doing that stuff and then you see the ship ecosystem and they're a bunch of numb nuts putting out childish garbage.
[00:30:59] It's hard for me to see that and then I see something else that's not doing those things and swear that the one that's not doing those things is a scam. But the one that's doing shiboshis and dogs and shit is supposed to be the not scam.
[00:31:13] This is my perspective for you is you got to look at again what is it that they say they're going to do and do they do it and is it outside the crypto bubble period?
[00:31:22] Beyond that it's, it's all outlaw, right? The whole industry's outlaw. The blackrocks of the world, they understand this. They're trying to get real people money in because everybody it's. That's at the end of the day, it's what it's all about because that's what it's been turned into.
[00:31:39] In summary, when I look at the price of things, then all across the board, I look at the price of things.
[00:31:46] I can only step back and say the price of things is always going to be volatile so long as we allow those children to dominate the messaging and we don't focus on real stuff that people care about.
[00:32:01] But when we start focusing on real stuff people care about, you're getting close to securities, you're getting close to all these things that might cause legality issues.
[00:32:11] You can't have it both ways. You're gonna need to choose. Either it's just an outlaw Mud show gaming stuff that's all fun and thus it shouldn't be subject to security stuff, or we want it to tie to real stuff because we want to get the money, but we understand the government's going to want to have their hands on it.
[00:32:25] You're gonna need to choose. You're gonna need to pick a side. It's that simple. If you can't pick a side, don't complain when the government decides for you, because that's. I think that's the road that we're headed down now.
[00:32:50] Sam.
