Is Chain the Hidden Hand? Points are Live on Goliath!

Added: 2026-05-17

[00:00:16]Okay, I had all the sounds muted. That was a terrible, terrible intro. What is good y'all? What is good? Thanks for tuning in and welcome back to another episode. And you see the title is chain the hidden hand and also points are now live on Goliath. So let's get right into all of this. Before we get started, let's go ahead and tune in to the sweet sounds of drop clues while I desperately make sure that all the comments and everything start working back in a few.

[00:00:51]Let's do Mr. Holllet actually.

[00:01:10]Wow. What is that? Is that a palm tree?

[00:01:12]Yeah. Yeah. Welcome to Cal. It's nice out here. You ready for the tour?

[00:01:17]Absolutely. Where we going first?

[00:01:19]Nowhere till you fix that outfit. What's wrong with my outfit? Hey, Wayne. Hook him up with the Cali. Special special?

[00:01:27]What you man? I look like I'm in a gang. Nah, you just Cali fly.

[00:01:35]Do a microphone come with every outfit?

[00:01:37]What is this about? Let's roll.

[00:01:40]Where? Where we at? Time for you to get tested. What that mean? You got to rock the mic. See if you got flow. What?

[00:01:50]What? I don't I don't rap.

[00:01:53]Too late. I already put your name down.

[00:01:55]Don't disappoint me. Wait, but I don't know how to >> If you don't see it, I cannot open your eyes for you. [music] Like I say, I'm the coach. I could call the play, but I can't get in the game and run the ball for you. [music] What they going to do with the coach and the captain? Squad taking the L simply ain't going to happen. It's just the first quarter.

[00:02:13]They going to need some water. Tired of the meme. Quint really don't want a war with us. I think it's something on the phone line. I hear a tapping. They ain't want us networking, but I'm down for the hacking. It's a dream team. If Mr. Holl is quarterback and when that market get the captain, they got to list this on [music and singing] cracking. I've been watching. I've been listening. They ain't catching on the mission. Little bit of patience. Got to start with [music] a vision. Team effort two would take long when it's the vision. When it's your turn, make that moving with precision. I ain't [music] here to tell you to buy it. That's your decision. But if Holto could go on the run, remember I mentioned don't be showing up at fish fries and acting different. I will hear this, eat my fish, and dismiss [music and singing] them. Take off, take off. Yeah, we about to take off. Coming for the do like we prepping for a bake off. Keep on buying low and selling high. So it's no loss. If [music] you didn't get in when it began, then it's your fault. Whole team super solid.

[00:02:58]Everybody packing holl. Oh memes so garbage. Only one Mr. Holl. Whole team super solid. Everybody packing holl. Oh memes so garbage. Only one [music] Mr. Holl. Take off. Take off. Yeah, we about to take off. Coming for the dough like we prepping for a bake off. Keep on buying low and selling high. So it's no loss. If you didn't get in when it began, then it's your fault. [music] Whole team super solid. Everybody packing holl means so garbage. Only one [music] Mr. Holl us, bite us. Please don't try us. Many come close, but Holllet [music] nice us. It's the second half, but we just getting warmed up. Already calling subs. They're not like us. Bunch of weird animals. What is they? Some cannibals. Coach, [music] make them run some extra laps. Just the attitude.

[00:03:48]Somebody please tell me why this dog got a hat cuz I got a German Shepherd and she [music] don't wear a cap. You some of that dog poop know you sick [singing] from the crab they better shoe. Don't even get [music] me started with the cash. This the realest mean walking. You got to know that's a fact. If you don't like what we said [music] Percy Harvard run it back focus arming your defense you sleeping you take a sack. If I am the Ray [music] Lewis the ru the warren sap then I guess that mean we got to call max. Get a freight train. Hit that meme a rob mask team a bunch of losers.

[00:04:13]I see through your crypto future.

[00:04:14][music] Stop. Pause. Please think if you really want to do this. Cuz even the frogs know they better not challenge the truest. And shout [music] out to Tan Marlo for putting them for the unit.

[00:04:21]Take off. Take off. Yeah, we about to take off. [music] Coming for the do like we prepping for a bake off. Keep on buying low and selling high. So it's no loss. If you didn't [music] get in when it began, then it's your fault. Whole team super solid. Everybody packing holl. Oh memes so garbage. Only [music] one Mr. Poll. Whole team super solid.

[00:04:43]Everybody packing hollic. Old memes so garbage. Only one Mr. Holl. Take off.

[00:04:51]Take off. Yeah, we about to take off.

[00:04:53]Coming for the [music] do like we're prepping for a bake off. Keep on buying low and selling high. So it's no loss.

[00:04:57]If you didn't get in when you can [music] then it's your fault. Whole team super solid. Everybody packing. Holmes so garbage. Only one Mr. Holllet. What's going on y'all? How y'all doing tonight man? We got UDC in the building. What up, Underdog Research Channel. How is it going tonight? We got Dave F in the house. Kryptomino, I saw you be early on the button, Krypto Minnow. The comments are never working by the time Crypto Minnow checks in. [laughter] How you doing, man? Appreciate the support anyway. And we got Crypto Trucker in the house as well. So, let's get into this, man.

[00:05:38]Let's get into this and we'll get back to the comments in a little bit here. we got a decent enough crowd to get started. So, let's slide on over here and talk about this. So, I haven't really spoke on this yet, but shout out to my guy Black Roo. He asked me about this over in the open mic session which we run um which we run on Saturday nights. He asked me my thoughts on this.

[00:06:01]So, I'm going to take a moment here and talk about it.

[00:06:06]So this is uh this was announced back on May 6, but Kexus and Ripple successfully completed landmark transaction connecting a public blockchain with interbank settlement rails. So ask me what I thought about this in terms of chain and xen and these are some things that we have definitely talked about before but we going to go ahead and cover them again real quick here. So what do I think about these partners? We have Ando here. Now is interesting for a couple of reasons. We know Ando is also institutionally funded just as uh chain was. But then we had back when the chain wallet development was taking place, we had tokenized items available on the wallet with no explanation as to why. So let's pull these up. So we know Ando worked on tokenizing uh tokenizing different stocks. Okay. And I believe is I believe this was through X stocks if I'm not mistaken. But either way, this is the Netflix stock that was ono tokenized that was available for swapping on the chain on the on the Onyx wallet. Now, if you go into the current version of the Onyx wallet, it's not there anymore, but that's why we got channels like uh Shook Focus and the Focused Army because we catch stuff like this. So, we know this was there. Ando also worked on tokenizing silver. Okay.

[00:07:35]And the eyes shield silver trust by Andondo which you can actually pick up uh was also swappable on the wallet.

[00:07:43]And then also keep in mind these they're just developers and developers make mistakes.

[00:07:48]It happens. And then also keep in mind that we were able to actually swap uh through XCN. So that was there. Okay. So there there we have our our short littleo piece. And if you actually check out I have a live stream that should be available right now. I I made it public instead of members only. But if you check the live streams after this, there is one where we talked about this uh maybe a little bit more in depth.

[00:08:16]Now Kexus by JP Morgan is always just the the most interesting one. It's always the most interesting one. We're not going to go too far into it, but as a reminder, uh, Kexus by JP Morgan used to be called Onyx. A lot of people forget that, but Kexus by JP Morgan used to be called Onyx. Okay. And that's very important because, let me fix this uh, green screen because I don't like that.

[00:08:46]There we go. Make that look a little bit better. Oh, it's the other side. Oh, well, I quit. All right. So, if we come over here to the website or to uh to the channel. So, there's this video I have up called Why Were the Names the Same? And in this video, we talk about the similarities between Kexus by JP Morgan and Onyx, now Onyx Blockchain.

[00:09:13]But on the website for JP Morgan, we had literally the investors for chain and XEN over here. We had Visa, we had Ferve.

[00:09:26]Um, uh, PayPal was interesting to see here because for those who don't know, um, Keith Revois is a former director for a chain and he's also uh part of the PayPal mafia. So, a lot of people don't know that, but very interesting. And he was also an early investor in Stripe. Go figure. tripe sitting on the edge out there. So, make sure you go check this video out. [clears throat] It's listed as one of the most popular ones on the channel, so it shouldn't take too long to find it, but excuse me. Very interesting that that's there. And then also World Pay. Um, if I'm not mistaken, no, that was World Bank that was used for the uh the City Connection, but there's a little bit of history here if you chase this down. Now, I do believe Kexus eventually moved on and they have a lot of their own infrastructure now, but nonetheless, uh don't forget Adam Lovewin wrote a letter to Jamie Diamond uh back in the day.

[00:10:29]So, that was a interesting piece. Now, we come over here and Mastercard actually is where things start to heat up. I kind of overlooked this Mastercard piece, but this is actually where it starts to heat up.

[00:10:45]So with Mastercard, Mastercard has this um this Mastercard multi-token network.

[00:10:52]Okay. So this enables interoperability between onchain assets and traditional fiat money allowing traditional financial institutions to interact with onchain commerce. This is interesting for a number of reasons. Okay. But something to point out here is that during this deal uh during this test they had to send it through JP Morgan's blockchain infrastructure because the Mastercard network that runs on blockchain rails it can't do its own crossber settlement which brings in pretty a pretty strong use case for chain and XEN especially when you consider that Visa is the most likely partner still holding and pushing the functionality for XM because they needed it for their new blockchain network which again we covered in previous videos that was all launched on chain's technology.

[00:11:51]So very interesting there and then also if we come over to the website uh so chain has the ability to be offramps for Visa and Mastercard.

[00:12:04]So chain enables enter enterprises to convert stable coins to fiat and push payouts directly to any Visa or Mastercard globally in real time. So let's talk about what that looks like.

[00:12:18]So if you have real world example here.

[00:12:22]So if you've got like your Coinbase card, right? Got my Coinbase card. Maybe if I can find the camera. It don't work because I got the green screen off. But you have your Coinbase card. What is this saying? So, stable coins to fiat and push payouts directly to any Visa or Mastercard globally in real time. So, when I go to swap my Coinbase card on the Coinbase card, what do I have? USDC.

[00:12:47]That's a stable coin. USDC is a stable coin. But when I go to pay, the person on the other side of the counter has no idea that I'm using USDC. They don't even know what it is, frankly.

[00:12:59][laughter] But it instantly in real time can convert and handle the fiat. So that payment is taken care of without them ever knowing anything that's underneath.

[00:13:13]And this is an extremely critical thing to have. And we about we about to get into this. This is an extremely critical thing to have because it allows the current infrastructure to remain in place.

[00:13:29]So when you have there's my issue camera faced the wrong way. I was going to figure it out y'all. It was going to bother me. I didn't want to see that line on screen. But it's important because it keeps the same system in place. Like Scott Bessant said, if you have stable coins that have to be backed one to one with like USD per se or you know the the yuan is the other competition uh globally, right?

[00:13:59]But if you have stable coins that are backed by these assets, it still helps keep that same system in place without shaking things to its core. So this is an extremely important use case to have and to be able to do that with any Visa or Mastercard is crazy crazy important.

[00:14:21]Instant off-ramp rails powered by chain direct infrastructure.

[00:14:27]Now I know big homie Haynes is is hyping the comments right now after seeing that. So chain direct infrastructure.

[00:14:35]What else was known as direct? Visa direct. Okay. Visa Direct. I don't have Visa Direct pulled up, but we can pull it up real quick. Uh, Visa Direct. Okay.

[00:14:46]And what was happening with Visa Direct?

[00:14:49]Visa Direct is combining. We covered this in a previous video, so we really don't have to get into it, but uh, Visa Direct is where the payments happen and that's now all combining in Visa B2B connect.

[00:15:03]And all of that is now combining under one umbrella. And remember, Visa launched on chains rails. But let's keep going because this is uh this is definitely some juice here.

[00:15:16]So then as we continue to go here, we have down here we have Fed Wire, Fed Now and RTP.

[00:15:29]If you remember, Fiserve is also one of the original investors in chain and Onyxcoin.

[00:15:36]Now, this is actually quite juicy because Fiserve traditionally would make sure that different banks could connect to Fed Wire and Fed Now.

[00:15:52]Okay. And then and and [laughter] then that's where Orange and the whole security piece comes in. So, you definitely going to have to look back into this uh into some of this previous research. And then RTP also um on Fed now instant payments. Okay. And down here Visa and Mastercard in UK faster payments. So they're in Europe and the UK. And we also know we'll get to in a second, but let's let's back up from Mastercard because I don't want to forget this last piece here, Ripple and the XRP ledger. So if we come back to the website here and come on down, what else do they support here? They also can work using Ripple USD or RLUSD.

[00:16:35]So, they have to be plugged into Ripple for this whole thing to work. So, they got the British pound, the euro, the uh the Pax dollar, which is also critical because Paxos previously worked with who? Mastercard. So, now you're starting to see that whole web, that whole thing come together. So, this is this was actually pretty important news, but Chain gets no mention anywhere in any of this. And if I were Visa or Mastercard, I wouldn't do that either. But in order for Chain to be able to do this with Visa and Mastercard, they have to be plugged in to those networks. They absolutely have to be. And for them to be able to offer you a card on either of these, they have to be connected to the infrastructure. They have to be they have to be connected to the infrastructure. So, very interesting bit of news here. I should have probably covered it sooner. We got a video that's going to hit the channel, I think tomorrow, that that may touch on this as well, but but but a little bit differently. So Ando and the and the other one you're going to hear me talk about coming up here in some further research is going to be Canton because Ando and Canton in my opinion uh took the place of Chain in certain areas.

[00:17:55]Chain did give up some of that control.

[00:17:57]They didn't keep everything consolidated with Chain. They definitely lost a little bit of ground and I believe those places where they lost a little bit of ground went to Ando and Canton and it has a lot to do with the privacy. So, we're definitely going to get into that um in a later video, but keep that in mind. Now, let's go ahead so we don't get too long here and actually jump over to Oh, no, no, no, no, no, no. Okay, okay, okay, okay. Let's get this one more piece. Let's get this one more piece. So, I was trying to remember where I was going to tie this in at, but this was Adam Lovewin again. He was at the DC Blockchain Summit. Make sure you go check out uh this live stream here, our Swift and XEN changing global finance to get the full context of what this clip was for. But again, let's just give you a quick play because Adam literally described all of how this was going to work to these giant players who at this summit. NASDAQ was here. All of them were here. Just check this out.

[00:19:03]And that probably has a lot of counterparty risk since no one knows who the heck I am. Uh so institutions however and this is a very controversial thing to say at a blockchain conference bring an element of trust uh to this technology that together create something very powerful.

[00:19:20]And there's three ways to get assets on a network as an institution. Let's take money. One way, what we call native assets is to go to a central bank and say, "You connect to the network directly. You issue dollars onto a blockchain." And you're probably thinking, "That's crazy." Well, consider this. Today, already central banks issue money in three different mediums. They create coins. They mint and and print paper notes. And they create electronic money. So, this is just a fourth, in other words, another medium and one that happens to have a lot of advantages.

[00:19:55]But as a half step, what will happen is that institutions, large custodian banks, large global banks, depositories will set up trust vehicles which take deposit of existing asset classes and then out the back of that trust, a digital token is minted and put onto a network.

[00:20:19]Okay. So, again, for the for the full context of where we got that from, be sure to go back and check out [clears throat] that previous live stream, but we're going to move on here to the points because a lot of people have been asking about Onyx points. So, we'll get into our community discussion part of it here. We got a little bit of a um a quick hitter tonight, but Onyx just announced this. So, Onyx points are now live on Goliath. Okay, so this upgrade to the Onyx point system marks a major step towards deeper layer 1 integration and ecosystem growth with eligible assets including ETH, USDC, XCN, and STXCN.

[00:20:56]So, let's check out this blog here. It's a little more of a uh of a read than what they typically do, but this is very important uh for those who are in the project.

[00:21:09]So the honest ecosystem is entering a new phase of maturity with the launch of the points on the layer 1 network Goliath. This transition reflects the deliberate effort to streamline incentives, improve accessibility, and align participation in the network's liquidity hubs.

[00:21:26]Scroll down a little bit here. It goes into what the layer 1 is, but a lot of us are familiar with that by now.

[00:21:34]So under the new model, the point system will focus on assets within the Onyx layer 1 Goliath environment, specifically ETH, USDC, XCN, and STXEN.

[00:21:46]The allocation framework is structured to distribute rewards evenly across these assets with each receiving 25% of the total points pool. This is very important for you point chasers. Pay very close attention to this.

[00:22:02]From a total of five million daily points designated for the Onyx layer 1, which is Goliath, each asset category is allocated in equal share, reinforcing balance participation across the ecosystem.

[00:22:17]So 5 million daily points are split up between these different contracts. Check these out. Current asset rates for the Goliath portion of the Onyx point system. Remember, it's saying the Goliath portion. So the Ethereum is something to still keep in mind because they they are still live and have staking on Ethereum with different tasks that you can do. But this is specifically talking about Onyx. So the con USDC gets 25%. There's the contract address for verification.

[00:22:51]ETH gets 25%. Again, the Onyx contract address for Ethereum is listed there.

[00:22:59]XEN also gets 25%.

[00:23:02]And STXEN also 25%.

[00:23:07]So if someone were to want to maximize their points, you would probably want to be holding all five of these on their layer one. One, two, all four of these, sorry, on their layer one. But let's keep going. So this represents the refinement of the previous system where 10 million points were emitted daily split evenly between XEN stakers and Onyx ledger participants. In the updated model, the 5 million points previously allocated to Onyx Ledger participants are now fully dedicated to the layer 1 Goliath environment, signaling a shift towards deeper integration with core network infrastructure. Points allocated to XEN stakers remain unchanged. So if you're staking your XCN, which here remain unchanged would indicate to me that this is Ethereum. So if you're staking on Ethereum, your rewards, your points basically remain unchanged. So if there were 10 million total, 5 million is still hanging out for the ETH side of the house.

[00:24:10]Um it'd be really nice if they do that AMA that they promised so that we can actually verify this stuff. Um the underlying mechanics of point distribution remain rooted in proportional allocation. Each asset receives a fixed percentage of rewards per block which are distributed among participants based on their relative share of the total enrolled assets. For example, if a given asset holds 25% allocation and 10,000 points are distributed per block, that asset category will receive 2500 points.

[00:24:40]Individual users then earn a portion of those points proportional to their stake within the asset pool. Now, is this starting to make sense? So, you're you're helping keep the network running and you're being rewarded for it. To illustrate, a participant holding 10% of the total enrolled XEN will receive 10% of the points allocated to that category. This model ensures fairness, scalability, and direct alignment between user participation and rewards.

[00:25:06]So the more you hold, the more you get.

[00:25:10]Participation continues to be facilitated through a smart contractbased enrollment mechanism secured by off-chain signature authentication. This approach maintains both security and efficiency, enabling seamless validation of user eligibility while supporting continuous engagement.

[00:25:26]The launch of Onyx Points on Goliath marks a significant milestone in the ecosystems evolution by consolidating incentives, enhancing transparency, and aligning rewards with the foundational infrastructure. Onyx is positioning itself for sustained growth and deeper user participation in the next phase of decentralized finance. So, it came up, I believe it was Cesar posted over on X.

[00:25:50]He's like, "Okay, but what are the points for?" So, I can really only speak to how they did the points in season one, which was they took 10 million tokens and distributed it up amongst the different people who helped participate.

[00:26:06]Now, I will say there's a lot more people participating in season 2 than there was in season 1, at least judging by the comments and data that I get on this channel.

[00:26:17]So, I expect people will probably not get as large amounts of XCN distributed to them as we did the first time. I could be wrong because this season is also way longer than season 1, but um it makes sense and I expect we'll probably get some news on the ending of season two now that we have the new points um the new points allocation figured out.

[00:26:44]So, that covers what I had for news tonight. Let's dive into the comments and see what y'all got. So, big homie Hannes is in the building. You already know Big Homie Haynes is in the building. So, uh, Crypto Men on the House says, "Booya, Xen going to make this boy rich. Still up 50K in this bare market. Can't wait till the bull.

[00:27:12][laughter] Shout out to Krypto Minnow, man. What up? Oh, we got Hey, we got some content creators in the house tonight. We got Underdog Researcher and we got uh his tag is the chosen one, but this is Crypto Nation, fellas. This is CryptoNation. Make sure you go check him out. Let's do some shout outs here while we got folks in.

[00:27:35]Let's do some shout outs.

[00:27:38]Crypto Nation.

[00:27:44]So, shout out to CryptoNation over here, y'all. Make sure you check him out. I love tuning in to his live streams when he have them, man. Real chill, real laid-back. Looks like he's talking some LCX now. Shout out to that. And ICP has definitely been on fire. And he's got a video here for Honest Coin to 20 cents by 2027. So, hey, I agree, my friend.

[00:28:02]I'm going have to come over here and check this video out and see what you got going. But hey, I I agree. Shout out to uh Crypton Nation, y'all. Shout out to Crypton Nation. Now, let's also get our guy up here. Um, Underdog Research.

[00:28:24]Looks like he's got an upcoming uh stream.

[00:28:34]Try to get my stuff fixed up here. So, five days ago he had a Oh, this is the 4U. So, they always do the 4U, but he's got past live stream. Oh, he was just live today. Wall Street's ownership transfer agent system. And Plume, y'all, Plume is plugged, y'all. I'm just going to say it. Plume is plugged. I came ac I'm trying to remember which rabbit hole I was in probably two nights ago, but I definitely came across Plume. And as Plume continues to show up in research, I'm definitely gonna have to slide over here and see what the big dog is talking about. So, shout out to Underdog Research. Not a lot of people covering Plume, and I would expect that not a lot of people are going as deep into it as what I know he does. So, [laughter] so shout out to him, y'all. Um, shout out to him.

[00:29:22]Rashad Williams, yo yo yo, what up? What up, Shook? Crypto Nation under uh underdog research. Rashad Williams know them all. [laughter] Rashad Williams know them all. We got Underdog giving him a shout out back. I want to acknowledge a shout out. Both tuned in to the discussion. Great to see you online. Rashad Williams also responded in kind. Let's go, says uh says Crypto Nation. And Tron Don says, "Peace y'all. Appreciate you stopping through Tron."

[00:29:55]So that's what I have for tonight y'all.

[00:29:57]I don't want to leave a lot of empty space on the stream, so we gonna go ahead and kill it there. Hopefully, you got some tonight. I definitely appreciate all the support, everybody showing up. Man, we did we did numbers for this short session. But y'all know what it is, man. Until next time, don't get shook, stay focused, and I'm out.

[00:30:18]But it's time for the shameless plug.

[00:30:20]Thanks for tuning in, and welcome back to the channel. But if you want to enter the Miners Shook Focus and join us on tying these real world events to the adoption of blockchain and technology, hit the link in the description and join the Patreon. Get access to some how-to videos and find out what projects we're looking at before they hit the platform.

[00:30:36]Or you might want to consider becoming a YouTube channel member where you get early access to new videos, some sleek new member badges, support the work, and maintain access to all our legacy live streams. And last but not least, we are affiliated with BTCC. If you're into trading, consider the QR code on the screen. Save yourself some duckets on the fees and let's get back to the video.

[00:30:56][music] [music] [music] >> [music] [music]