On the mic
Summary
Dave and Kool opened the Monday edition of ATC with a report that Kamala was exploring Gary Gensler as treasury secretary. Kool argued that it signaled more lawsuits and more control over crypto, while Dave raised the possibility that the rumor was a tactic. The hosts then covered BlackRock overtaking Grayscale in crypto holdings, Vitalik sending more ETH to the privacy protocol Railgun, and gold hitting all-time highs as a possible recession warning. A breaking story about a 4,064 BTC theft led to a detailed breakdown of a failed Railgun privacy proof, which Dave walked through with an AI assistant he called Junie, and a debate over whether law enforcement should still pursue the case. The show closed with NatNat on gold and Bitcoin decoupling, a disclosed MK Ultra ordinals shill, and a skeptical look at a Colorado church tokenizing its chapel on PolyMesh. All of this is discussion, not financial advice.
Chapters
Kool on faceless power brokers and what a Gensler promotion could mean for cryptoMomentAt 0:07:22 on X
Fairshake super PAC, banking lobby, self custody and the cost of years of lawsuitsMomentAt 0:19:12 on X
Grayscale's new trusts, and Vitalik sends more ETH to the Railgun privacy protocolMomentAt 0:33:47 on X
Key quotes
“The reason why we talk about The US as much is because US has liquidity.”
Kool0:25:36Share on X
“Buy your Bitcoin and hold your Bitcoin in your wallet. If you do that and enough people do that, they have nothing.”
Dave0:27:59Share on X
“That's the blockchain now. It's too open.”
“So gold reaching a all time high is actually a massive red flag for the economy.”
NatNat1:09:21Share on X
Excerpts
Show open, NatNat running late due to back to school duties
- 0:03:38 Dave Love that song. What is up, everybody? Welcome to the Monday edition of ATC, things crypto, where we talk about, obviously, all things crypto. Duh. Come on, man. Cool is with us. Nat Nat's gonna be a little bit late…
- 0:04:01 Kool Yeah. I'm good. I'm good. I'm good, man. You know, we're back. We're back. We're back. Oh, look. Great Monday. Welcome to the show. Yeah, man. Ready ready to roll, man. Ready to roll. A lot a lot a lot has happened in…
- 0:04:23 Dave Yeah, man. There was obviously a lot that happened over the weekend, both politically. I mean, just... It it just... I mean, obviously, like, the cryptosphere, like, it's kinda crazy. You know what I mean? Like, it's…
Report that Kamala is exploring Gary Gensler as treasury secretary
- 0:04:23 Dave Yeah, man. There was obviously a lot that happened over the weekend, both politically. I mean, just... It it just... I mean, obviously, like, the cryptosphere, like, it's kinda crazy. You know what I mean? Like, it's…
Kool on faceless power brokers and what a Gensler promotion could mean for crypto
- 0:07:22 Kool Yeah, bro. I I saw that news earlier, man. I was like, goddamn. What the fuck is going on? It's just... So... Okay. So I don't follow politics as much. I don't really give a fuck about that shit. I care about money. I…
- 0:09:48 Kool If they want Clinton to win, she's gonna win. So I think that whole Clinton woman she lost, that was the outlier. She was so certain that she was gonna win, and I think she she... She's probably part part of that cabal…
- 0:14:44 Dave Yo. So... Oh my god. I mean, I guess kinda what you're saying makes... It does kinda make some sense. Like, I... I'm not even gonna lie. How are they gonna do it, though? Don't know. No. But, like, how?
Fairshake super PAC, banking lobby, self custody and the cost of years of lawsuits
- 0:19:12 Dave Don't you think, like... I mean, are the are the democrats really that, like, oblivious to if the biggest super PAC on Capitol Hill is literally fair shake with almost a $250,000,000. Right? Do they... Are they really…
- 0:19:42 Kool Remember when I said the cabal. Right? The cabal, that... The the the faceless nameless. Right? Okay? I'll give you an example right now. The the the banking, industry hates, hates crypto, hates it because we cut out…
Devil's advocate: Caitlin Long and Eric Valchunis doubt the Gensler rumor
- 0:23:04 Dave Because I wanna play the I'm gonna play the the devil's advocate. It's because I feel like this is just like a game of, like, manipulation on manipulation on manipulation on manipulation. Right? So, like, I'm reading a…
- 0:24:24 Kool I mean, the the only way to group things is if these reports are actually false. That's the only way to group it. This speculation should never come out anyway. You're you're having a... Like I said, I don't like to…
Why US liquidity matters, Houston housing anecdote, Circle and USDC payments
- 0:25:36 Kool Finance campaign manager for for for Clinton. So he's deep into into into this... In in in... Into their their partner. So let let let let's say, we'll see what happens. We'll see. I mean, I hope it's false, but I'm…
BlackRock overtakes Grayscale in Bitcoin and Ethereum fund holdings
- 0:27:59 Dave Yeah, man. Goddamn, Cole. You threw me for a loop on this one. Okay. I mean, look. I guess we're gonna see how it plays out. Right? Like, if this actually does come to fruition, but the craziest part is is, like, you…
- 0:30:54 Kool Yeah. So this was inevitable. Right? The... I'm not surprised. I mean, it's inevitable, but I'll say I'm I'm a little bit surprised at the speed after the... It's happened, and that's how you know, you know, big money…
- 0:32:21 Kool not the time. They they just keep accumulating because now they are they are the one that control control the the the movement of Bitcoin. So when so when you see people tweet tweeting bitcoin going to 6 k, you should…
Grayscale's new trusts, and Vitalik sends more ETH to the Railgun privacy protocol
- 0:33:47 Dave how much goddamn money they have. But, yeah, it's gonna be super interesting to watch. But, I I guess we'll see. Yeah. Yeah. We'll see what's gonna happen at the end of the day. Maybe Grayscale kinda comes back, but I…
- 0:36:37 Kool Yeah. So the the... This is another, news that it's kinda not new. We've been hearing this for a long time. I think just now the protocols are going live probably or about to go live. But the reason why this is…
Gold above 2,500 an ounce, expected rate cuts, and recession signals
- 0:38:27 Dave Yeah. I like it. I like it. I like it. I was a I was a little bit worried. Right? Obviously, like, election year, it's like, oh, now we're start pushing privacy things, but I think, like, the election's gonna come and…
- 0:39:39 Kool So I I wish I wish not not not was there because she's the, you know, the web two finance guru. But what I what I what I've done in my research in the past was whenever gold breaks off some high, that's the worst time…
- 0:45:12 Dave Goddamn. You said meme coin store value. Yo. Cool is giving the hottest goddamn takes I fucking never had on this show today. Holy shit. Oh my gosh. Yeah. And let's also not forget that, Warren Buffett is also…
Breaking: 4,064 BTC theft and a failed Railgun privacy proof
- 0:50:40 Dave Crazy, man. Great take, prop. I appreciate it, bro. So really quickly. So based on the story that we just talked about, this literally just crossed... This story just crossed the wire. For those of y'all that have been…
- 0:52:24 Dave Yo. Yeah. You better believe that you come at 07:20. You go and get some jokes. That's for sure. No. I'm kidding. I'm kidding. Welcome. Obviously, we're gonna need your breakdown of of gold hitting all time high, so…
- 0:55:17 Dave Yeah. No worries, man. No worries. No worries at all, man. Like, let's talk in the DMs, and we're happy to have you. Like, maybe you could do it on here on all things crypto. We can kinda, like, play the whole skull…
AI breakdown of chain hopping, ZK proofs, and how the funds returned
- 0:57:28 Dave hey, Junie. Can you explain in really simple and layman's terms, like like, the article that I just, like, shared with you and break it down of exactly how did this... How did the guy get hacked at first and more so…
- 1:03:39 Dave Ah, okay. That makes more sense to me. Be... Okay. I appreciate it, Junie. Thank you very, very much because that makes a lot more sense because I I... You got me scared for a hot second. I was like, how the fuck is…
- 1:07:10 Dave Yeah. That's a good... That's actually a really funny analogy. It's like, I shot you. You missed, bitch. Am I gonna come after you for trying to shoot me? Nah. I'm still alive. Fuck it. Whatever. It's cool. Like, I'm…
NatNat on gold as a red flag and a possible Bitcoin decoupling
- 1:08:36 NatNat Yeah. So through our history, right, gold has always been seen as a safe haven, and it also has a negative correlation with the stock market and the economy. So if... One sec. What is it?
- 1:12:20 NatNat Before... Hold on. Before we move on. Dee, honey, I didn't forget. I think... Wasn't Dee supposed to come up and talk today?
- 1:13:59 Dave No. They put on such a show, man. It was really, really amazing. I I love them for obviously having me. And for everybody that came and tuned in, apparently, Junie called in the beginning. They were like, oh, the…
Colorado church tokenizing its chapel via StoneCoin on PolyMesh
- 1:18:38 Dave Okay. So before we get to the USDT story, check this out. Right? Colorado... Colorado Church Network is tokenizing their chapel. You ready for this? The the church network is raising $2,500,000 by tokenizing the chapel…
- 1:22:46 Dave But you get to own a piece... What don't understand is I got... Hold on. Let me ask let me ask Junie real quick exactly what the fuck is going on here because maybe, like, if you're tokenizing the chapel, that means…
- 1:29:38 Dave I mean, it's on PolyMesh, and PolyMesh is a private blockchain, I guess. So we ain't never gonna know what the fuck is going on. You know what I mean? Only the... Only pastor Bush. Maybe we do a little background check…
Short excerpts from the auto-generated transcript. Listen on X for the full show.