Leicester on DagTech Shutting Down, Claiming “Investigations” Into #BlockDAG (OOC) [COLORFUL LANGUAGE]
Leicester on DagTech Shutting Down, Claiming “Investigations” Into #BlockDAG (OOC)
#Crypto #Cryptocurrency #podcast #BasicCryptonomics
Website: https://CryptoTalk.FM
Facebook: @ThisIsCTR
00:00 - Intro and Show Preface
00:58 - State of BlockDAG Coverage and Community Drama Background
03:39 - Casino Down, Pragmatic Play White Label Confirmed
04:21 - Exchange Promises That Never Materialized
05:16 - Turbo, Merging Tokens, and Marketing Gimmicks
05:52 - How BlockDAG Should Have Used Spartans Token
08:35 - Liquidity Pools and Utility Strategy Critique
10:19 - Community Fork and Canonical Chain Confusion
10:58 - Dagtech's Mining Software Failures
11:43 - Defining Canonical and the Rug Pull Discrepancy
13:03 - Presale Token Compression and Consensus Vote Scandal
15:12 - Welsh Stack's Sudden Withdrawal and Banner Mystery
16:21 - Dagtech Goes Offline Amid Investigations
18:43 - Speculation on Dagtech's Role Under Nick vs Turner
20:31 - Testnet vs Mainnet Questions and Dagtech's Motives
22:37 - Closing Thoughts: Three Sides, Three Liars
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Out of Cycle Update.
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And it feels. It feels so good to be rugged. So bad.
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Believe me, I know there's frustrated, upset, sad, pissed off people out there. I get it and I know it. I come across as kind of lackadaisical about it. I understand how you feel. I just simply. I'm one of those where I put just enough understanding strong probability of loss because it's crypto. Crypto talk that fm. My name is Leister. I'm your host and if you're new, that preface was for you. That rhymes. It was important for me to level set because I come across different than anybody else that you listen to on YouTube or elsewhere. And I get it. My show replicates all over the place. I'm not a YouTuber. I don't, you know, like subscribe and click the D. I don't do. You'll hear I don't do any of it because it's just out there.
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You're here because somebody either directed you here, YouTube might have directed you here because very few people are bothering to talk about such things. And I want to put in some framework here. The fact that very few people are talking about these things that are very important likely matter to you really should give you some insight. They should clarify for you.
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If you've listened to certain YouTubers who have a certain type of delivery of messaging described as some sort of shilling, you know they're pitching you on certain projects of some kinds and you hear them all over the place and that seems to trick your fomo. You got to buy in because this influence, the influencer said it's good, it must be good. You buy into the thing and then it craps. And now you're pissed at the influencer.
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I'm going to challenge you on some of that because I know there's been a lot of influencers talking about block tag in the past. You notice many of them don't and the ones that are still out are largely either AI or just fake in some way. But you don't see anywhere near the level of chatter that you once did. Right now it's at a dead silence. There's a select few people out there that are doing coverage of the chaos that's happening now. You've got the community run by dumb. I say run. I don't think they're running. They are, but they're not really say spearheaded by dumb and dumber pushed forward by marks that were disenfranchised because they put more money they afford to lose. One of them allegedly borrowed A crap ton of money from his mom.
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That person allegedly is locked up because he put your kids at risk on the road. I don't know if this is true. That's what I saw and that's what I heard.
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Another one allegedly was a waitress of some kind, then dumped more money than that person could afford to lose, and then got frustrated, became a. A groupie. She was just a groupie or ring rat or some other relevant term that basically meant that she attached to certain males in certain positions. I'm not, I'm not alleging that the. This person did anything sexual. I don't know if she did or not.
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Her avatar gives the impression that she does, but I don't know if she does. I can't prove it. The point is you got the community stuff over there, quote community, and then you got the BDAG scam, which allegedly is only Gizzles. I don't know if that's true or not. I will tell you one thing that's important.
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I will simply level set what's known. Right now there's not much of that.
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So if you're looking for something that's a. Aha. Revelation, you're not going to get it. Most of this is kind of common sense. And the reason I'm talking about it now is so that you can use this information to guide in the future about how to predict these things so that you're kept safe. Because that's the reason for. Michelle. I'm done with my preface block. Dag, the casino, it doesn't work. It's down. Says down for maintenance. Now, the so called casino, nobody asked for it and it was just Pragmatic Play, which I covered. They said it was. No, we developed it ourselves. Not white label. It was always white label. Leister was telling the truth the whole time.
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It was Pragmatic Play. It's a strong probability though. I cannot prove it. It's a strong probability they just didn't pay the bill.
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I can't prove it, but I can't think of any other reason why I'd be down for maintenance. It's a plugin. You, you just plug it into the site and it's available. Pragmatic Play is one of the largest out there. So it's not going to just arbitrarily go down.
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Some people might look at that and say, well, maybe they're changing stuff around. I don't think they're changing stuff around. I think they just didn't pay the bill.
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Why do I think that? Remember they told you they were going to launch a central exchange and that was back in August that they claimed they were going to do it and they put a countdown on the site and then they basically took told AI to write up an exchange, write up an exchange front end. And then the countdown hit zero. It's still out there right now, opening August 22, 2026. And of course we're well past that. There was no exchange, There was no announcement of the exchange.
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Nothing was done with it. That site's still there even though it doesn't freaking work. It never did work because I called out. There's no terms of service. And if you're gonna do anything with this where there's no freaking terms of service about how you might lose your funds or how this thing might get shut down or how it might manage whatever funds you give it, if I can't, if there's no other blatant red flag that's going to be obvious enough for you to avoid these kinds of things, I can't help you beyond. It's like, look, this is common sense. There's basic red flags. Why are you touching this stuff?
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They did the so called new B Dag, which is still got compression going on and they're still selling the same coins that they were.
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Nothing's changed in terms of the chain. You're still 1404. As far as I can tell. Nothing's ultimately changed. Then they said the Turbo, which nobody was buying anymore, people stopped buying it. They said they're ending the Turbo presale. Then they said in an email and I'll get to this with a mark. But they said in an email at some point they're going to be merging Turbo and B Dag into the new quote, new block Dag coin, whatever the hell that means. And my caveat to people is you got to understand the science of marketing. You can't have market without marks. So you got to pay attention when you know it's a marketing gimmick and likely so people might take that reading and say they're basically going to do a migration. It is extremely unlikely, I can't say impossible, but extremely unlikely that they're going to migrate to a new something. However, I say that it is entirely possible that they separate and create another chain off the side that is another block, dagger, whatever they call it, off the side. There were theories that somehow they were going to merge this with Spartans.
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If Kishlos ever listens to this, and I doubt he will because his head's in Yumi's lap, I get it. Here's the thing, dude.
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Let me explain to you and then I'll get to my real topic. Let me explain to you how simple this is and how offended I am at how inept you appear to be about this whole shit, including dumb. And dumb for them too, because they used to work for you. That rhymes. Let me explain to you how dumb you are about this shit.
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You have a Block Dag something. You put an inept Anthony Turner who just put another video out there asking the FCA to shut you down. We have to ask the question why they didn't. And we have to ask the question why they don't go after him. Because he's now easy to find. Because he's doing these videos where he's admitting being complicit with this shit.
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You have this out here, this block deck thing. It's creating a thing, okay?
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You launch a turbo. Why didn't you just launch a Spartans token on the Block Dag chain? Why didn't you just literally launch a Spartans token on the Block Dag chain you already fucking owned and use the Spartans token to do the casino shit you were already doing? But let block deck just be the underlying layer? Why didn't you do that?
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Because you don't know what the fuck you're doing. That's why you didn't do it. But if you'd done that, you would have achieved the same shit that you talked about doing that Turbo failed to do. And you'd have done it more successfully. In order to make that work, you would have had to make Block Dag available on the open market because people would need to have it as the gas. You would need to make sure then that the gas prices and rates are sufficient so that it justifies buying enough of it. And you'd have to make sure that the block dagger supply, the total supply was not 150 billion something more reasonable. Like maybe 500 million something more reasonable. What you then do is make sure that the miner footprints out in the wild. What does all that do? The miners make the coins available.
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The miners sell the coins because they need to run their operations. The coins go in the open market. People buy the coins because they need them in order to interact with the chain.
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If you've already got Spartans out there and you were smart enough to integrate it with this so called Spartans token that I just talked about, it naturally would have created volume on the block deck chain because they need the fucking coin in order to do gas, in order to do transaction, to do the Spartans Transactions, which means any of the activities that you integrated would have created natural volume for the Spartans token and would have created volume for the main block DAG coin. Then you create your own liquidity pools that you maintain. When I say you, I'm talking the project. You create your own liquidity pools. You create multiple of them. You get it on Uniswap, you get it on Pancake Swap, you get it on Sushi Swap, you get it all over the place. You create your own liquidity pools. Then you do farming for the liquidity pools to farm money from the liquidity pools. You could even pair the liquidity pools in a way that farms when the. Let's say bitcoin runs up and you use that and you create a cycle of volume and a cycle of profits without ever having any other product. Yet, dude, since you didn't do that, you fell back on this idea of utility. You don't understand what utility means. Utility doesn't mean it makes money. Utility means that it's something people want to actually do.
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You would say, look, dollar casino, look at my volume.
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Your casino doesn't work. You use pragmatic play. You didn't really go all in because you didn't know what you were doing. And you tried to use the Russia, Dortmund, Inter Milan to increase visibility. Things that didn't work either. Yours is a spot action. You're just jumping from action to action thinking it would work. That's not a strategy, that's not a plan. So it means it was doomed to fail because it's the strategy. Just trying to. So I said, the community does their thing. It gets forked off. They said, July, it gets forked off. You create confusion in the community. You're leaving behind everything that was pre sale. The community claimed that we want people to build. We want to be decentralized, we want to own it. It's our chain. It's not your chain. But fine, it's a separate ledger. But we want people to build on this thing and we're canonical and all that stuff. I mentioned in a past update. Dagtech was one who was building a lot of this stuff.
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And Welsh Stack had kind of stepped up in order to create like binding and all these different footprints in the front and be a spokesperson and support some of these things. Good advocacy for this side. Okay, you need strong.
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It's all AI, but at least some presence of strength.
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I criticized Dagtech because it struck me that Dagtech had no clue how to do a Windows miner, which was baggling, you know, it's like, what the hell you're frickin GitHub. What the hell are you doing here?
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I'm looking at it and you can't get the damn thing to work. There's people on the comments saying why can't you get this to work? This doesn't work. This doesn't work. Because I was testing two or three other people were testing. He could never get the shit to work. It just didn't work.
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Some of it would work, but then the GPU miner didn't work. And then there was some other with the CPU miners.
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The CPU miner would work, but then it would go haywire with stales, which means that there's problems with the chain.
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And I said there's something wrong, but I'm questioning why Dag Tech can't see to get this to work. Dag Tech put up a site. This was like two months ago put up a site where they were saying we wrote all this stuff. We're not taking a stance of which one's canonical or not. We're just saying BDAC scan is the so called official. And then you got the community side and I pointed people to that and I said, you can go to those and see that there's a discrepancy and you can see that the community side left you behind. I encourage you to go look and see what that is. There's no such thing as canonical. It doesn't make any fucking sense. Because canonical is simply the side that has the transactions you expect that's canonical by definition. It is the one that has the transactions you expect, not them declaring that theirs is canonical. Which is why Dowie Dagtech refused to take a side because it's. This is common sense. Canonical is. It's got the transactions you expect to have, period.
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Community wouldn't have had those transactions once they did the split. They did not communicate with. They didn't communicate with you, they just did it. They didn't ask your permission. They know that stuff. And then they didn't do anything to rectify the gaps in coin balances, which is why I called it out for you to check it. And I said, likely you're going to see a discrepancy. And people chime back in saying, yes, I see a discrepancy. Of course you did, because they left some behind, which is essentially a rug pull. Not because they stole them, but because they're leaving value behind. The money that you put in is, is only accounted for on the BDEX scan side. And I'm challenging you to think it through. If that's the money and that's the transaction balance, at least from numbers that you expect it is the canonical.
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Here's where everybody got it wrong on the community side, so called they're talking about the fake coins that happened after say Juneish where they started doing the billions for $500 or whatever, which is nonsense. They that's fake transactions. Those are fake balls to bones. They don't exist on chain. That's true. I'm only talking about the stuff that preceded it. I'm talking about the pre sale stuff. When I say pre sale, I'm talking about before they launched on exchanges. I'm talking about before all this chaos. We're talking 20, 25 that were locked in there that you still couldn't claim because there's a balance you still couldn't claim because there's a cliff.
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The cliff is 12 months. You had to wait a period of months and then they were going to release. Those are still locked in there. Some people never claimed even the first batches and then the batches stuff went down. Those are the ones I'm talking about. And of those you might have 100,000, 200,000 at the most. Those already had compression implied because if you looked at your original balance, which is still there on the home tab or excuse me, under your profile, it would have told you let's say you had 500,000 or something. He would have told you okay, we compressed it and so now we're only going to give you 100,000 or 90,000 or something like that. Those that extra 400,000 or some odd. Those were the ones that they oversold. But they were essentially quote bonuses that they kept doing. The beat vesting bonus, the zero vesting bonus, all these bonus ones. That was the call where Turner and Nick were up there talking about they're going to compress it. The so called community took a vote and we agreed. That's one of the marks from the consensus who convinced them that that was what the community wanted. And that person said we took a vote and the consensus went this way. The consensus is the reason that this chaos started because they convinced them to give you less tokens which convinced go this is a marketing opportunity. I could just keep doing this shit over and over again because they're okay with it, because they voted on it. The consensus got you in this whole spin then. Now the community who is led by people who at one point, at one point in time were led to the water by the consensus and one of the members of the consensus is still there guiding those people to poison water. That's the message that you've got from that side.
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Turns out later, Welsh Stag at that point, up to that point had been all over community advocating. This is great. We've got this mining set up and we got an explorer here. I'll even host your videos for you. Doing amazing stuff. It's all AI, but still amazing contributions for the community side. And then all of a sudden random one day put up a banner saying concerns with the network. We're getting out of this business. They took it down. Now if you go to the site it just. It's talking about Site Builder. Obviously it's AI, but it's talking about Site Builder now when at one, it's just. It was like one day there was a banner and then they took down the banner and the banner is no longer there. I question why did they take down the banner? Why did they hide that stuff? What was going on? And I opened up the question of CoinMarketCap community. If you know something, if you're inside CryptoTalk FM, hit the contact form if you want to be anonymous or comments below and let us know what the hell is going on with Welsh Stack. Any of the Welsh Stack people. If you got some insight, let us know CryptoTalk FM at the contact form or comments below about why, what concerns, what issues, what network problems, because that would have had to be in the community side or what I'm going to get to next, which is Dag Tech. Dag Tech. Their sites all went down. It gives a cloudflare error. They had a subsite for mining. I'm about to wrap up here. They had a sub site for mining. This is where the GitHub and all the chaos was happening and the window couldn't get to work. That site now has a banner and I'm gonna read straight off of it.
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And here I got a screenshot of what this chaos was. It says, quote, this project is currently on hold. Dagtech developed this material as a demonstration of our engineering capability on the block dag network chain 1404. Pause. When they refer to this material, they're referring to the mining, they're referring to the software for mining, setting up the mining application, running the mining. They didn't out think they had nodes, but they had mining equipment and things that you can employ install.
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So they're saying that this is a demo, that it was never intended to be full stop, even though they made it openly available, even though they set up sites about it. They're claiming that it was the demonstration. Keep in mind the same Dall e Dag Tech at one point had a site and they deleted it all. They had a site that said they're the ones that created the chains, they're the ones that created the node structure and they were maintaining it and they did not take a stance on which side was canonical. I continue.
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In light of the ongoing investigations into the BlockDag project, we have voluntarily taken this offline while those matters are resolved. The material shown here was a portfolio demonstration of what our team is able to build. None of it was ever commercially released, sold or operated for the public. DAC Tech Limited out of the UAE paused or stopped. So this was dated September 12th.
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Now what it's saying when it says the material shown here and the portfolio demonstration, I'm assuming it's only the mining but the other sites, again it was set up pretty full stop against BDACSCAN and Community. Showing the contrast between two. I don't take a side of which one's canonical we built. This will stop.
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Here's my impression.
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I get the impression there was some with this so called coup, there's some sort of contention going on behind the scenes that you don't see between Community so called and the BDACSCAN side.
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Someone approached Dagtech. We know Dagtech was involved months ago when was still around and Nick was in charge. From what we know, Daktech was not involved when Turner was in charge.
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So if we connect those dots and we run that route, this is all spitballing. If we run that route, does that mean that Nick is the one who approached Dagtech and located? Because again, from what we can tell, Dagtech was not involved when Turner was in charge. Turner hasn't spoken about it. He's never mentioned Dagtech's name. Dagtech was never on any of the calls. It was implied that there was someone out of India that was doing development. Was that Dag Tech and Dagtech was just behind the scenes? If it was, then why did Dagtech only come forward when Nick was in charge?
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Something doesn't make sense because again, we know that there was developers out of India that were working on it when Turner was in charge. We know that. The question is, was it Dag Tech? That's an open gauntlet down for Turner because he's never talked about that. He's never talked about who were those developers if they were not people that were in South Africa with you, who was because he said it on his video that there were people out of India doing development. Who was it? Was it Dag Tech? If Dagtech was doing the development the whole time, then the question comes, well, why does Dagtech now say only as a demonstration, portfolio, demonstration, not commercially released, sold or operated for the public?
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What does that mean? Because the chain has always been mainnet. It's always been publicly available. What is he talking about?
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I called out, I am wrapping up. I called out way back yonder, the documents, the GitHub for the original block, that for Awakening, which was the final test net still out there. And it had references in the document that talked about the transition to mainnet and what would need to change in order to make it mainnet compatible. Is it possible.
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Is it possible that what we see now as mainnet is actually awakening testnet? Is it possible that mainnet was never actually finished? Is it possible that Dagtech gave up to the point of mainnet, did some other conceptual designs of stuff, realized, wait a minute, this is not. This is not the product, this is not the final. What, what's going on?
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And then started to back off it because they were trying to get away from the risk.
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All I'm saying is that there's some sort of contentious something going on with Dagtech because Dagtech again was featured on the Don't AMA with annoying voice lady and Nick Dagtech was there at least twice.
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Seemed like everything was on concert. So what happened? What changed? Because again, Dagtech was still involved and this was not just the community side, but also the BDAC scan side after Nick got fired. Something's changed. Something contentious. Did digitals sidebar Dag Tech and tell him something or pay him something. What the hell's going on and what investigation is he specifically referring to?
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Investigation of what? Ongoing investigations. What are we referring to? Are we referring to law enforcement?
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That's what I would assume. Is it that? Is it internal investigations? Is it network? And then how does this connect back to the Welsh stack?
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Is it possible that these people were told something by somebody?
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Here's what's happening. Don't say nothing, but we, we recommend you get out now, because if you don't, you're going to go down with the ship. Is that possible? I don't know. I'm asking the question. CryptoTalk FM, hit the contact form if you have any information, valid information or comments below.
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But you have now community side lost two of your strongest advocates, that being Welsh Dag and Dagtech. Dagtech didn't directly advocate for you, but Dag Tech presented as it was helping support what you were doing to some degree.
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Now, why ever this happened, whatever is going on, I'm not liberty to say I am going to tell you from what I can see, you got problems in your house.
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I think it all circles around.
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First you should just create your own separate fucking chain.
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Two, you claim it's transparent, but it's not really transparent because there's questions people have that you refuse to answer and calling them retards is not the best way to get people back on your side. And three, if there is such an investigation, I'm truly curious about what that's going to be and what it's going to yield at this point.
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Four, Allegedly there's an AMA next week. I don't know if it is, but that's what that's the email. Allegedly there's another ama. Casino's down to not working. Sports site's down, it's not working.
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The exchange stuff never did work.
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You're kind of in this middle ground. I don't have any significant update for you right now because there's nothing. There's nothing really happening. Nothing's really going on to any significant degree. The community side swore to you weeks ago they were going to get on exchanges. That didn't happen. The BDAC scan side swore to you the Tier one was coming this week. That didn't happen. Like nothing's happening.
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Only thing that's happening is what I said.
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You got liars on three sides and you have to choose which liar that you're going to believe more.