[00:00:00] Out of Cycle Look. Good morning and a happy weekend.

[00:00:25] You know, I didn't plan to do an update this weekend. It wasn't part of my sketch, but unfortunately, a person provided very entertaining material that it warrants discussion. It warrants coverage. Others are talking about it. I had talked about it first and you know, I'm going to encourage you. I'm going to strongly encourage each and every one of you, including the marks out there,

[00:00:51] that you go and you watch those and you listen to what the man says. And I want you to really listen to what the man says. That man being Antony Turner on the Truth and Transparency channel that's on YouTube because you're going to hear him say multiple things. There's like three new videos. He has an original one and there's three new ones in these three new ones. You're if you really listen unbiased, you're going to hear him say multiple things that Leicester

[00:01:19] has been telling you to be the truth as far back as December when he was still there. He's going to admit stuff to you. He's going to acknowledge stuff to you that I told you was true. And some of the marks attacked when I was telling these truths that some of you disputed. Now you can hear it from the horse's mouth. Some people claim it's AI. This is not AI. This is the man. Clearly, he's in hiding, but it's the man. He's telling the truth. And I want you to hear those truths so you can understand an absorbent process.

[00:01:47] And then if you have any ethics and morals or balls. Some of you don't have balls, but you get what I'm saying. You'll come back and give me my credit and you'll say we're sorry we attacked you. We're sorry. We obviously you were telling the truth. We we were attacking you for no reason. Were too much in the cult. We were too much of the consensus. We didn't get it. We needed to be unbiased. You tried to warn us about army versus family. You tried to tell us these things and we just disregarded you. That's what you should do. You won't, but that's what you should do.

[00:02:17] At a high level. He acknowledged what was going on that I said, which was they only raised roughly 200. I said 200 million. He said about 250 million. That number was verified. This is a this is the guy telling you there was no 400 something million. Okay. So I told you to let go of that money. That was a fake number. It wasn't true. They only raised 200 something million. I also said that chances are my theory was that they burned money. They ran out of money. They overspent.

[00:02:46] They were not watching the books. Turner himself song record in the old saying he wasn't watching the books like he should have done. Here he's acknowledging. He thinks that they just blatantly ran out of money and that's why they're doing the sales they're doing because it's the only logical answer you can think of is they got to have run out of money. They can't be money. And then people keep coming back saying they raised so many money. And I'm like, let that go. They overspent it. I know it's unconscionable. I don't disagree, but they it's the only logical answer. Use your brain, not AI.

[00:03:17] It's the only logical answers that they overspent. The thing is Turner's admitting that some of his developed quote development budget was contributing to that, which I speculated that I think with what they were trying to do was too damn lofty and they were spending too much money. I also think the marketing side of it was too aggressive and it burned too much money. I also think there was too much people in the mix on the marketing and on the development side. I basically think they didn't have a plan.

[00:03:43] I think they had a lofty whatever and they didn't have a plan and they weren't watching the numbers and they weren't willing to adjust. And by the time they realized that they were about to do something, it was too late. That's around the time that they realized they oversold the pre-sale because the marketing was too aggressive. You're going to hear him acknowledge all these things. You're going to hear him admit all these things likely are the truth. He talked about the Borussia Dortmund. He talked about the Inter Milan. He talked about Rarible not getting paid. Zelf obviously we knew was not paid.

[00:04:12] There was somebody else that had built one not paid. He talked about all these ones not paid that how can it be that you raise that much money but not paid. He talks about the buyback wallets and says what I said, which is you don't have evidence that they control, own, have any access to the wallets whatsoever because there's been no activity just because they post the wallet doesn't mean they own them, doesn't mean they control them. Everything that I've said, it's straight up, straight up jump. He then talks about, which I found fascinating. He talks about some of the vision things.

[00:04:42] He talks about the fact that there was always a plan to have, he calls them coins, but he meant tokens, tokens on the chain to encourage other people to create tokens on the chain. That was always kind of their messaging. So he's talked about the turbo and he's reading the white paper. Well, it's not a utility because he misrepresented some of that because utility doesn't necessarily mean the only utility. It means it has a utility. And he misunderstood what the white paper was alleging, which was BS, but he misunderstood it. The turbo as stated, which was always BS.

[00:05:11] I'm clear. I'm not defending it. I'm just clarifying what he said because it was wrong. The turbo as stated, what it was presented as is as part of some sort of foundation, Dow foundation that allegedly was going to exist, that holding the turbo would give you increased access to stuff. We knew it was BS. We knew the Dow was BS. We knew a lot of this was BS, but that was the intent of it.

[00:05:36] That not the native, but this other token was going to give you that Dow level access. That's what the white paper says, but it words it in a way that makes it it's like lofty and fluffy and whatever. Now, all of that is to me clear in what they said. But as I've repeatedly said, you got to watch, you got to sit back and watch what they're doing. And if they're not doing it, you realize, man, this is a bunch of BS. That's the gamble. That's the risk that you take.

[00:06:06] He then talked about that from his lens, things would not be ready until March. Now, obviously they went live on exchanges before that. We knew there was something that was existing because you could you could trade. You could transfer in and out of the exchanges, et cetera. So we knew something existed. We knew RPCs existed. We knew all that existed. But the statement was it wouldn't be fully ready until March. Well, then what is it that you're transacting?

[00:06:32] When he's saying ready, he's talking about the full footprint. He's talking about the miners. He's talking about the decentralization, RPCs, everything. He's talking the whole spectrum, stability spectrum. And he confirmed what I speculated was likely the truth, which is he just said, look, we had the money. We had the chain. We're ready. Let's launch it. We'll figure it out later because he's just going right. He's just doing shit. He's not there's nothing there other than let's just do it. Let's just go whatever. We can figure it out later.

[00:07:00] He talked about the exchange and how the countdown is that August 22nd and nothing happened there. I thought it was good. And I want you to go and listen to what he's saying so you can see and hear he's saying the same shit. Leicester has been saying for months because a lot of it was obvious, but there was like a subsect piece of people where they just did not believe. They were so emphatically in their own groove to the point in December.

[00:07:28] Turner, the same Turner somehow, and I don't, I have theories of who it was, but somehow convinced the consensus that he had some sort of authority to do an LOI and take the whole thing independent, which is then what created what's referred to in the wild as a quote Duna and a Dow and all these framework things to hand quote, hand it over to the community.

[00:07:52] With agreeing to such a thing and turn it those out of money, a money figure of $35 million based on a P and L, which is a profit and loss statement, which is nothing more than words on a page.

[00:08:35] Okay. And he was stringing the dude along the whole fucking time. He was just stringing them along. He was stringing all of them long. This is why for some of those that came at me, why I refer to those people as marks. You can't have, you can't have marketing without marks, everything that the guy was doing. Why would you believe him? After you see a project that goes over budget, I'm talking Turner. Now you see a project goes over budget. You're watching go over budget.

[00:09:05] You're watching things get unpaid. You can't explain what's going on. People start to not get paid. They didn't get their checks and everything. You see complete. It can only be incompetence or blistering idiots or scam, right? It can only be one of these. You see that's happening, but yet you somehow believe a piece of paper telling you that $35 million is going to come your way. And you know that there's still unpaid bills out there, which is why he went P and L.

[00:09:33] My point is, according to him, he didn't bother just to see evidence of the money actually being available. He didn't see evidence of that. He just took it on face that there's money available somewhere. And even if there was money available, he took it on face. It was going to be handed over to you when you had no authority. You had no balls. You had nothing to control. You weren't controlling anything, which then contradicts in my mind.

[00:09:58] He later threw Nick under the bus because he said he quote benched Nick because allegedly this is what he's saying. Nick was undercutting the community. So what he really meant is that Nick was undercutting the consensus. That's what he really meant is that Nick was trying to keep on what Kijitos was trying to do and stop what the consensus was trying to do by misleading Turner down a faulty path that wasn't going to work.

[00:10:27] Which correlates to what I said, which is because those people tried to get Turner to go rogue and were successful in what they did, caused Nick to then take action, causing Turner to try to fight back, causing Kijitos to then basically fire Turner and the whole crew. That one decision, that one decision of the consensus started all this chaos. Turner was the one that was in the middle of it. The consensus started it all.

[00:10:55] They started it all because they riled him up. They riled him up. They attacked him. He didn't have any. He didn't have tough skin. They riled him up. Got it in his mind. He had the ability to do something when he never did. And if you don't believe what I'm saying, I want you to listen to what he said. He is admitting he didn't have any authority to do anything. He didn't. He thought he did. He didn't. That means that what they were pressing him to do was never going to work. It was always doomed to fail.

[00:11:25] And because they did it, it caused Kijitos to then start overreacting. It's like a volatile situation. You're doing something that he thinks he's got to react to like a virus and he's just going to attack like an antibody. That's the analogy I drive. And then Nick, who's not qualified to do what he was trying to do, not qualified, gets put in a position. They just start rolling stuff forward. They put on exchanges. They do it wrong.

[00:11:52] A whole bunch of people do lose money because of that whole fiasco. Meanwhile, allegedly, you have an incomplete chain. That's pretty much everybody's now admitting that, that you have an incomplete chain. Nick's admitted it. Jeremy's admitted it. Now Turner's admitted it. At the time that they launched it to the exchanges, it was essentially incomplete. Okay. All three of them, all three of them at this point are acknowledging by the time that you went live, you didn't have something that was going to sustain.

[00:12:22] And one of these said, I'd like to go a different way. I like to do a community and get the thing. And I think he wanted to just keep his vision going because he saw cool technology. He wanted to see it through to the end. I think Nick ultimately just wants the money off the shit. I think Jeremy is a nerd that just wants to play around with stuff. These are my theories about what's really happening with the three of them.

[00:12:45] Ultimately, though, you now have that same Nick aligned with the remnants of the consensus, trying to create a decentralization where multiple of them are asking more money of you, where that guy has his own ASIC miner, the same ASIC miner that you couldn't get under his command, where he said he was going to ship them to you. We have to understand what's really going on and see transparently what's going on,

[00:13:11] because the truth is there was a lot of flubs along the way from multiple people, and everybody's now pointing fingers. The internal team members are pointing fingers about the fact they didn't get paid. Okay. But they all admit that at a point they were getting paid. They all admit at a point the money was there. They all admit that at a point the development was working. Then something changed. Whatever it was that changed, something changed where it went south. I simply have drawn the line.

[00:13:41] They went over budget. Why ever they specifically did, they went over budget. It might very well have been as simple as them lacking a basic CEFO, because remember that was a conversation. Over a year ago, when are you going to get an actual CFO in this thing to watch the numbers? They never had that. So it could have been as simple. Who knows? It could have been some idiot in the corner who just wasn't paying attention to the books, and then by the time somebody started looking at it, it's too late. Now they're in desperation mode.

[00:14:10] This does not absolve any of the four of them. It doesn't absolve any of the four of them. I simply want you to understand what got us to this point. What got us to this point was not a malicious action. What got us to this point is ineptitude and stupidity and a lack of fiscal responsibility and not acting like a business. What made it worse is bringing somebody in who didn't have the skills to do it within crypto.

[00:14:39] What made it even worse is the consensus convincing that person to try to step up and get some balls when he never could or would, and they weren't qualified to elevate him like that because they don't have those levels of skills. What made it worse is Nick, who allegedly was sleeping on somebody's floor, coming in as a leader when he didn't have this level of skill within a crypto project.

[00:15:03] What made it worse is Jeremy being associated with it under the hood, doing the best he can to tell people that it's not ready, but not having the stones to actually do something about it until it was too late. You got to see what I'm seeing. Everything was made worse by these people. These, none of them, none of them, none of them, including consensus, were equipped, informed, qualified, or smart enough, frankly,

[00:15:31] to realize that all of them had a part to play in the disasters that happened after the fact. So I am not one that puts it just on Jesus. I don't. He's got his own blame. I'm saying all of them, all of them contributed to what we now see. Now, I want you to go and watch those videos. I want you to absorb it, and I want you to listen and understand. Understand. He'll tell you. He's telling you.

[00:16:02] In what I hear, he has never said, there's a scam up front. He's never said that. He said, essentially, it was something, and then it was not. And then we tried to get it back on track, and then I got cut out. That's basically what he's saying. That's what we saw. But it's different than what the consensus told you what was going on, which is because Huginots is involved, it was a scam from Jump. You're hearing the guy that was in the mix telling you that's probably not the case,

[00:16:30] and that there was something there, and that there was development there, and that everything was on track, and that everything was funded and paid until it wasn't. That's not how real scams work. Not real ones. That's not how the real ones work. The real ones are not investing in those people. You're not getting Dr. Maurice Hurley if you're a legitimate scam. You're not getting these educational things if you're a legit scam. And what's likely the case is you're dealing with fiscal irresponsibility,

[00:17:00] where after the fact, okay, well, crack. Now what the hell do we do? And now they're just doing something to generate money. You're going to hear Turner himself say he thinks they're just broke. They're out of money, and that's why they're desperate now. It's too late. Let's say that's true because that's what I think is the case, too. That rhymes. It's too late. The reputation's been damaged. It's been damaged irreparably. I don't need to tell you about what happens when that happens because Big Eyes Coin did it for me. I'm going to leave that there.

[00:17:30] In other updates, let's get back on something a little bit more fun. I had someone reach out, and they asked me to do a coverage. Now, I've not done a swag coverage in a long time. I told people I don't mind doing swag. The swag is just a high-level quick look at something that somebody asked. Hey, can you take a look at this? Just tell me what you think about it. That's what somebody asked. It's somebody that's a long-time follower on the CoinMarketCap side. I had COVID-7, and allegedly that correlates to a project I wasn't aware of. Somebody else said that. No problem.

[00:17:59] But they asked me to take a look at this other project that I had not heard of, was not aware of, didn't know anything about, and I wanted to take some time to make sure I did not disregard that request. It's a project I had heard of just at a high level but did not know about. I didn't know anything about it. It's intriguing, but I didn't follow it deep. So now let's go ahead and take the tail end of this one, do a quick swag, provide my thoughts.

[00:18:27] But I do want you to check the Turner stuff because you're going to be laughing your ass off unless you put too much money in. User Kova7 says, quote, Hello friends. I have a question for you, the ones who have proven to be the most impartial on CoinMarketCap. I'd appreciate your help. In addition to investing in BlockDAG, the best investment of my life, I also invested in BlockchainFX a few months ago. Lately, I've heard all sorts of things, even that the notorious Turkish scammer himself is behind that project too.

[00:18:57] What can you tell me about this? What's your opinion on BFX? Thanks in advance for your reply. Thank you for the question. We appreciate it. I'll do the best I can. I don't think it'll take too long because based on what I saw, there's a lot of uncertainty around the specifics of the project known as BlockchainFX. So I'll provide just again, really high level of what I see with it. BlockchainFX for those that didn't know or weren't aware, didn't follow it. It's on the Ethereum chain.

[00:19:27] The Ethereum chain in of itself isn't the problem. It's not an issue. It's not a negative. There's nothing wrong specifically with the fact that it's an Ethereum-based token. We see there's all sorts of tokens that launch Ethereum and they get unreasonable pumps or they don't do anything. I mean, geez, let's talk about SHIB, right?

[00:19:48] So we understand that there's levels to when we have some sort of token and it launches on something and then it goes unreasonable climbs and there's unrealistic, there's market, no product. You know the game. You know the game. Given that, with what I see at a high level about this project, let's approach this as a series of questions. I think we should. What is it?

[00:20:15] What it states it is, is a super app. Have you heard the term super app before? I think you have. You heard it on Blockday. Because of that statement, because of the aggressive marketing, because of all the other items around the project, people have speculated that Gizel might be behind it. I don't have anything that proves that he is or is not. There is one thing I see that tells me he most likely is not.

[00:20:43] And it might surprise you, but follow me. Blockchain FX is listed on Uniswap. It actually has a pair, two pairs on Uniswap before, which is the latest, greatest. But when you look at the pairs on, in terms of liquidity status, a $14 billion market cap. Current price of $4. A low of 70 cents.

[00:21:11] But liquidity of $12,000. It's Hotchko all over again. It's the same type deal. That's why I don't think it's him. I don't think it's him. Do I think it's legit? No, but I don't think it's him. Because think about one thing. And I don't know if I'm right, but think about it. I said that with Blockdag, the easiest thing to do is get on Uniswap and just let people trade shit. And you can create liquidity pools. You can do all sorts of, you can do the same thing there.

[00:21:39] That would have, that would have opened up more people. That would have enticed more people to get in because it's more accessible. But yet they never did it. Turner never did it. Nick never did it. He just didn't do it. So why then? If Blockchain, if Blockchain FX is him, why would he put it on Uniswap first? It was like right out the gate. Why would you do that? Knowing, again, it opened up free buy, sells, trades.

[00:22:06] Now it's possible that they may have done some shady business with like blacklists or whitelists. But I don't see that. As far as I can tell, it just happens to be that there's a slim amount of activity going on with it. And it's just kind of sitting there. After, again, a low 70 cents. And then it's beyond that not really doing much.

[00:22:27] It could be, could be the Seifu effect where, you know, it starts at, you know, a couple bucks and then skyrockets the hundreds of dollars or the green chart situation where they got some shady stuff in the contract. Now the contract's been scanned and nobody saw anything sketchy in the contract itself.

[00:22:47] So if there was something shady going on, it can only be large holders, which seems to report back that there are some top tens that hold a significant amount of coins that they could dump off the business. So I guess for Kovac7, my summary is, do I think is associated to it? Nothing I see tells me that he definitely is, despite there being some signs.

[00:23:14] I've always said that all, a lot of these cryptos do the same thing. Like they're following a playbook. I can't attribute the playbook to him. Del Rugpul, aka Del Crypto, he does a lot of that stuff. There's all sorts of things that, and for people who don't believe me, ETH fan burn. But there's a lot of these that do that same script. They're following a script about how to market these cryptos, these garbage cryptos. If anything, I'll give BFX credit for A, putting it on you to swap, which I think is a good idea.

[00:23:43] B, being on Ethereum instead of trying to be your own chain out the gate. Like if I think of Shido, which used to be Shido Inu or Shido Inu, starts out at a garbage dog coin on Ethereum and then later, or BNB, and then later creates its own network. And it's not succeeding, but at least it's not failed or garbage like BlockDag. So I'm saying that I see some things here. I don't know what it is. I don't know if it's legitimate at all.

[00:24:09] Well, its graph looks concerning just visually, and the market cap is obviously BS. The liquidity being so fragile tells me it's artificial, like it's market maker. So I know what the game is in terms of what's happening. But I don't know. I don't see anything that's anywhere close to what BlockDag would be doing. So I can't attribute that to the same founder, right? To me, what I see. Would I recommend somebody get in it? Not what I see with these numbers.

[00:24:39] Absolutely not. Because when the market cap's that high and the liquidity's that low, it can only be a trap. It can only be, because I don't see that it was ever like dumped. It didn't have like a rug pull or anything happened. It just seems to be that it's market maker. That the market makers drove the price, but there's no value because there's no real organic activity going on with it right now. Right now, it's just kind of sitting in a middle state.

[00:25:04] Like even right now, the volume, there's four transactions, four people trading, sell volume of 20 bucks to buy a 270. That's people that, you know, like retail people that are just kind of dipping their toes in it, try to see if it's going to do something for them. Or maybe one person bought in low and got a little bit of money out of it, but wasn't willing to take the big risk. So all the aggressive marketing and everything didn't do any good is my point. I didn't see that it was doing anything masterful.

[00:25:30] And it might be if this super app doesn't exist, I didn't see evidence that it does, but maybe it does somewhere. It might be that this super application either failed, was a letdown or something else occurred. But then I would expect that the price would have dipped and it didn't. That's what I, that's my thoughts on blockchain FX for anybody that's in it. I don't, I don't see that. I don't see that it would be connected to Kishos because it got on Uniswap. It's a free trade. It's outside of a closed space.

[00:26:00] His, his whole deal seems to be the lock you in to an ecosystem to keep your money inside, to prevent people from getting out, to do something, to restrict what you can do. I don't see that here unless I'm missing something. Anyhow, that's my weekend update for you. Again, I strongly recommend you check out Turner's updates videos and those that have ethics and morals. Just come back, give my credit.