The fact that both gold and silver are rising so fast, it's because the panic is at all-time highs.
But there's clearly a disconnect between those that have money in this world today and, you know, like the Gen Z and millennials.
What we talked about happening, it's starting to play out right now.
And I think we'll see all kinds of different methods of control from the top down.
It makes me wonder, as we look at Venezuela, Greenland, everything else playing out, to what extent some of these events are orchestrated.
People are waking up to this now like, oh, this is happening.
Like, no, this has been happening for a long time.
And now it's just really starting to exponentially speed up.
So it's time to wake up.
I personally don't really care what the political future is going to be like,
because as long as I own my time and energy,
I can decide what my future is going to look like.
And that option is available to anyone who wants to take it.
Hey, everyone.
Welcome to another episode of Bitcoin Banter.
Greer and Tony are here as always.
And we've got our friend Brandon Gentile joining.
Brandon, thank you.
Guys, we've got some crazy news.
So markets are going nuts right now.
I've got two tweets to share with you.
So first from No Limit Gains, he says, this is an emergency.
Gold and silver are at all-time highs.
And the S&P is rising with gold.
This has never happened before.
Unfortunately, he says, the only asset lagging behind is Bitcoin.
It's as if people have forgotten it even exists.
But this isn't just a standard sector rotation.
because if it were, stocks would be crashing too.
This is the result of excessive money printing,
not just in the US, but across the world.
And he gives you an idea of M2 growth rates.
And then separately, Health Ranger on X here
shares that silver surged past 96,
gold's headed for 5,000.
He said, the shocking thing is
this is probably still early in the run up here
since US currency printing is obviously headed
for a hyperinflationary blowout.
It's a mathematical fact that gold will hit 10K,
silver will hit 250,
As the dollar dies, those who hold dollars will be utterly wiped out.
Those who hold metals, and I would add Bitcoin, will be the owners of lasting wealth.
All righty, guys.
So it looks like this dollar collapse that we have been talking about might actually be here.
It might be imminent.
Tony, I would love your take first, and let's bat this around.
Yeah, man, this is the immediate news.
Like the fact that both gold and silver are rising so fast, it's because the panic is at all-time highs.
But there's clearly a disconnect between those that have money in this world today and, you know, like the Gen Z and millennials.
Those people that are buying gold and silver are buying it because, again, it's all they know, right?
And it's like their immediate safety net.
And they're ignoring Bitcoin, not because it's a bad, you know, it's a bad bet, but because they don't know anything about it.
And now, you know, it's not the time to start learning.
They need something like pronto.
And this is where they're going.
but you know like the younger crowd they're not buying gold and silver i mean they're not
realistically they're not buying anything because you know the the fact that their savings are pretty
much non-existent is really what's worrisome but the fact that so much money is skyrocketing into
these precious metals tells you that there's something really really bad very imminent and so
that's that's what worries me it's like at some point bitcoin is going to take over this because
of course, you know, precious metals have no room in a digital world. It's as simple as that. I mean,
you can't do much with it. You can't scale with it. You can't pay anyone with it. You can't travel
with it. It's just like people just throwing their money in it because they just need somewhere to
put it because of, you know, what's clearly coming their way. Brandon, what do you think
about all this? Do you feel like this is happening at an accelerated pace and this is a signal that
people who hold who hold dollars ought to be paying attention to yeah you better be running
for your life i mean this is i mean what it took 200 years for the debt to get to whatever it was
a trillion dollars and now we've done you know whatever the math or five trillion dollars now
we're almost 40 trillion in the last 15 20 years you know so it's my math might be off a little bit
but we can see all see the visuals of the hockey stick curve and interest we keep having to pay
more interest we're at that point now at what point does someone call our bluff or we lose
confidence. I think Tony or one of you guys mentioned hyperinflation. Hyperinflation is
the printing of the currency going on exponential, but it's really the loss of confidence in the
dollar itself. We've never had social media in a place where the world reserve currency,
these things are happening and we can share news. I mean, everyone remembers the GameStop AMC stuff
and the short squeeze. That was just a bunch of, you know, Yahoo's online trying to, you know,
blow stuff up. Just imagine when people can figure out the dollar is that a short squeeze on the
dollar. And that is coming. These things are going to keep happening. And because of social media is
only going to happen even more. So I think that it's harder for it to take effect because it's a
world reserve currency, because there's 13 aircraft carriers, you know, people, it's hard to call
America's bluff, but we're seeing it. I mean, this is not a new phenomenon. This is what 15,
20 years in the making, like I just said, Mike Maloney, who I started in the gold and silver
world and really studying 15, 20 years ago, he's been tracking the death in the dollar coffin for
15, 20 years. And in going through the bricks was starting then, like all these things were
happening and people starting to stop their treasury purchases. So this people are waking
up this now, like, oh, it's just happening. Like, no, this has been happening for a long time. And
now it's just really starting to exponentially speed up. So it's time to wake up. You raise an
interesting point that this is the first time that this would have happened in the age of social
media. So it makes me wonder, I haven't thought about this. Are we going to see controls on social
media like we've never seen before in order to prevent the panic from spreading? I'll open that
question up to anyone. 100%, man. 100%. Why do you think other countries are pushing this digital ID
and providing identification to use a search engine? It's crisis control. And so for sure,
it's going to get worse. Yeah. And they know exactly how this is going to play out, which is
why you see the government rushing into stable coins. They have to have a replacement when the
dollar collapses. This won't be a surprise to them, you know, as they see everyone rushing to the
lifeboats, gold, silver, and of course, Bitcoin's lagging right now. But history shows that Bitcoin
pushes faster and harder once it does catch up. So I think that anyone holding Bitcoin is going
to be in a much better position, not just because of that, but it's also digital. But yeah,
absolutely. I think, you know, we'll see capital controls. You won't be able to withdraw from the
bank. Your 401k and your stocks, those are all still going to be denominated in dollars,
which are hyperinflating. So I, you know, I think it's what we talked about happening. It's,
it's starting to play out right now. And I think we'll see all kinds of different
methods of control from the top down. So we'll all be rich and own nothing.
i think it's i think it's really important too just again like going back into history is super
important i go again i know no one does that no one has time to do that anymore because of fiat
it's we're all in the hamster wheel but this takes time but also like you look at the the rates on
you know what is the government doing you have a conservative president and he is whether he
believes or not he's he's forced in essence just like nixon to take us off the gold standard he's
forced to try to cap interest rates on credit cards. He's in there buying bonds in the housing
market, buying companies, you know, like over in Intel, we're in Palantir. Like this is, you know,
this goes back to Obamacare and the government going, hey, we're going full socialized medicine.
We're doing all these things. If you zoomed out and brought someone in from an alien life form
or alien planet that you'd say, hey, what kind of system did they have? It wouldn't be capitalism.
I'll tell you that right now. So this is where you get to zoom out and say, hey, where are we in
this in this story and we're at the end of the fourth turning uh chapter book here yeah it makes
me it makes me wonder as we look at venezuela greenland everything else playing out to what
extent some of these events are orchestrated in order to address the fact that they believe
there's an imminent dollar collapse versus trump's just kind of a wild guy and like it the fact that
he has imperialistic tendencies also doesn't surprise me and is it maybe just hey natural
resources. My buddies get to build the, what was it like the freedom city in Greenland or whatever,
you know, hand some special favors back to the people who got me elected. I don't know. I don't
know if you guys like tie any of these, these events together, or if, you know, some of it's
just, you know, crazy people doing crazy. I don't think we, man, the thing is it doesn't really
matter. It does. It doesn't really matter. You know what I mean? We'll never know the,
all the details and the complete truth behind all of this, but what's worrisome in this specific
situation is that for the first time ever, people in the West are going to experience
something that, you know, historically they've always read about happening in other places.
You know like the collapses the hyperinflation you know the chaos that coming home now This is what I think is most terrifying because most people who been sheltered their entire life have no idea how to first of all receive this news
let alone live in this new reality
because now it's here, it's no longer somewhere else.
And so I don't know how this is going to play out, man.
I think we're seeing Americans get used
to a lower standard of living.
You know, we're seeing record credit card debt
And that just means that people are trying to extend the way they live without having the cash to fund it.
So we're all getting pinched, you know, whenever we buy things.
And I think that's what you're saying, Tony, is absolutely right.
We thought, you know, hey, in America, we're different, we're special.
But I think we're watching people get used to the idea that no matter how much effort they put in, they're not getting paid more at work.
They're getting replaced by technology or other countries taking the roles.
and we are really getting used to living in a much lower standard of living than what we
expected as we were growing up yeah i'm actually i'm reading an interesting book right now called
the history of central banking and uh it was one that simon dixon shared uh in an interview he did
or something and uh if you look but you have to look back very far into history i mean like the
the turn of the 20th century from from the 20th or i'm sorry the 19th into the 20th century
Russia was by this author's you know recount of history like at the peak of civilization I mean
workers were working few hours everyone had abundance all of these things and he talked
about how it was actually state-controlled central bank instead of privately controlled
central bank where there was you know tons of usury and the special interests involved in that
and obviously after the the private central bankers I won't name the family but I think
you all know it starts with an R. They basically came in and said, this is the one place where we
don't have control. We want to, you know, basically monopolize the banking industry in Russia. And
very shortly thereafter, Russia effectively collapsed. That's, I mean, a huge catalyst for
World War I. And I think those sorts of events are things that we in the West cannot even fathom.
But history is littered with examples of that very thing taking place for a variety of reasons,
whether it's central banks, whether it's war, whether it's just government mismanagement of the money, which is, I think, what we're seeing today.
Any other comments on the world?
I think this is the most fascinating thing.
I mean, we could spend the entire time just on this, obviously.
I mean, but I think, and again, right, wrong, or indifferent, from my chair, you know, knowing, seeing what I've seen and knowing what I know, you know, about Donald Trump.
I mean, art of the deal, all the things he's done.
Again, you cannot like the guy or whatever.
he doesn't bluff he tells you he telegraphs the things he's going to do and this is in that people
act like oh i don't know what's going on oh like it was so crazy the rules-based order and all this
stuff from my vantage point it looks like you have the globus i mean it's playing out in the
west right now i mean howard lucknick over there saying hey america's getting screwed it's not
happening anymore these guys are going over there basically in their face saying hey it looks like
a globalist order they're trying to collapse the world into you know nothing you're going to be
happy, like you said earlier, and we're going to be in this AI panopticon. And it looks like,
it seems like the Trump side is like, we're not doing that. We're going to be this fractured kind
of world. America is going to get there. We're going to protect ourselves and come hell or high
water. I don't care. I don't care what anyone says. And it's going to be this fractured order.
And it's going to be built on this new, you know, the chips and Bitcoin, eventually all these
different things. That's what it looks like to me. And he's just like, I don't care. So I would
love your guys thoughts on that. But that that to me is what it looks like. If that's true, I think
that would be a big win for America. You know, as I mentioned a minute ago, I think we're seeing our
the quality of life deteriorate. But what you're describing is, you know, the board game got
flipped over. Trump's taking as much of the pieces as he can. And he's doing it just to protect
America and our entire hemisphere. You know that I think that's interesting. And I haven't given
that too much thought, but I would say if that's true, then maybe the calls for collapse look
totally different. Maybe it's not quite a collapse, but it's more of a reordering. Also, when you think
about what they're building, I mean, they are building the surveillance state. They are doing
digital IDs. They're going to have digital voter ID. We're going to have stable coins and CBDCs.
So even if a future was to be built as more America first, I think the AI panopticon is still
rising so it's it's kind of hard to take both of those at face value and say they're not they're
going to be blended in some way and what about three years from now grier right like i mean
trump's gone i mean it's that's the thing like i don't care either way about don trump says i'm
not going to sit here and pine for him but like the point is he'll be gone in three years we might
have gavin newsom so we're right back the pendulum thing right back yeah so anyway that's will he'll
be gone i i wonder about that myself yeah honestly i i i appreciate the uh the optimism
I don't tend to feel that way about Trump.
I don't think he's capable of 4D chess.
I don't know if he's capable of checkers at this point.
But I think the kicker is, let's say, in a best-case scenario for the United States,
and this does not apply globally, obviously, that Trump is operating in our best interest.
He is playing 4D chess.
This all works out over the next few years.
Is he going to have the midterm elections?
Is the next president going to be able to continue?
Because none of this stuff gets resolved.
in a presidential term. And we're already a fourth of the way through his. And so if we end up with a
Gavin Newsom who feels we need to go a completely different direction, even if I'm optimistic about
Trump, which I'm personally not, we just get reset again three years from now. And I think,
I suspect, Tony, if I were to just imagine what you're thinking, it's, you guys are,
what are you smoking? This is going to end very badly. And it's not going to be this utopian
US, you know, America first movement?
No, what I'm thinking is much simpler than this.
I mean, you guys seem to be running around in circles.
It really doesn't matter what the future holds politically.
You can opt out of this entire system because what you don't want to do is remain dependent
on the variables that these crazy people control, which is the money.
Once you own your money, you own your life.
There's the control is in your hands.
You don't like what's happening in the United States.
No problem.
Pack your suitcase.
Get out.
Go somewhere else.
Not everywhere is doom and gloom.
There's a lot of places around the world that are, you know, embracing the future, that
are not going, you know, completely tyrannical and dystopian.
So but people that are going to be, you know, in that privileged position are those that
actually control the assets that allow them to pay for that lifestyle. And it's not while
remaining on that same fiat chessboard. You have got to forget about that entirely, which is why I
think the precious metal bugs are going to have a brutal, brutal wake up reality check in the not
so distant future, because all that, you know, emergency psychological safety net that they're
going with right now has very little use in a digital world. And that's going to become
abundantly apparent if one day they decide to pack up and leave. Right. And besides, most of these
gold bugs don't even have the physical gold. So they don't control it. They don't even know if
it's real. Like there's so many like avenues you can take this in. But, you know, at the end of the
day go to where the puck is is headed and it's nothing physical so i personally don't really
care what the political future is going to be like because as long as i own my time and energy
i can decide what my future is going to look like and that option is available to anyone who wants
to take it i think that's a good mic drop moment uh let's move on to the next couple of stories
here guys. Alrighty. So Greer, you, uh, you tweeted, you said, Oh shit, Jack did it. We're
going to win. So this is in response to a documenting Bitcoin story that local businesses
in Las Vegas are beginning to accept Bitcoin payments following a national trend, showing
it gaining traction among merchants, cutting costs and attracting customers. So this guy
is, uh, he owns bouncy world out in Las Vegas. And I couldn't, I could, the more obscure
and normal the business, it makes me more bullish.
So, Greer, you shared this one.
Why don't you give your thoughts first?
Yeah, you said it.
Bouncy world now accepts Bitcoin.
And the owner talked about how he able to save on fees So if you haven bought Bitcoin you been front run by you know just about everybody So you know stop waiting around
I mean, if Bouncy World's taking it, to me, this means that every business owner who's
looking at margins, trying to cut costs and pass on the same value to their customers.
You know, Bitcoin's the obvious answer.
You know, Square has enabled it.
And I credit Jack for putting this in place.
But Square has enabled any business to be able to accept Bitcoin.
So, you know, get ready. It's going to be normalized. Everyone's going to have Bitcoin on any type of wallet and app. You're going to have hot wallets like we do today. And of course, you're the large portion of your stack should be in self custody. But I think Bitcoin is money. And the more Bitcoiners use it as money, spend and replace, you know, what does it cost to go to Bouncy World? $12, $15? Easy to spend and replace that amount. So yeah, this is fantastic news. You know, a bright shining light coming out of here from Bouncy World.
Yeah. So keep in mind, many of you listening are being front run as we speak by a guy who owns an indoor inflatable amusement park for children in Las Vegas, Nevada.
Tony, I know you get excited about this stuff. What's your take?
This is the signal, guys. I mean, this is the these are the headlines that people should be paying attention to.
And these are the exact headlines that are being, you know, muddled or hidden completely, because, of course, those shine light on what's actually happening.
As you guys said, Bitcoin is money.
And, you know, there are thousands of merchants that are adopting it every single day.
And it's not going to stop because the incentives, you know, completely destroy that of the fiat system.
It's faster. It's cheaper. There's no permission.
There's less red tape.
Like, why wouldn't you adopt something that makes your life a lot easier?
And there's a lot of merchants, you know, that are, you know, actively doing so.
And the more these tools like, you know, that Square, that Cash App, you know, mature and make the whole process a lot easier for normies to get into Bitcoin.
Well, you know, this thing is just going to accelerate, which is why I am like retardedly bullish on a Bitcoin future.
I know in my head it's 100 percent going to be the future of money and the world's neutral reserve currency.
so do you guys think that in las vegas then there's a day where you can't take dollar bills
to the gentleman's club you take like an open dime or something is that is that the way of the
future yeah why not definitely yeah 100 100 hey real quick brandy i want your thoughts but i also
want to chime in with one more sort of way this is going mainstream so starting march 1st steak
and shake this is this is so cool they're giving all hourly employees uh a company operated
restaurants, a Bitcoin bonus of 21 cents for every hour work. So in paid in Bitcoin, uh, they're using
fold app to assist with this. And, uh, we, I think we talked about this on a prerecorded episode we
did. That'll come out soon. Um, Adam Semeca, our friend did the math and he said, if you just worked
for 30 years at steak and shake, you worked 40 hour weeks, you never got a raise. You just saved
that 21 cents per hour in Bitcoin. After 30 years, you'd have $3 million worth of Bitcoin.
I haven't double checked them. I'm just going to assume that's right. But for a lot of people,
this looks silly. And then when you do the math and assume that's, I think that's a conservative
20% kegger. You've, you've got a legitimate stack after 30 years. Uh, so you can weigh in Brandon
on either or both stories here. Yeah, no, I mean, this is, this is phenomenal. And this is a signal
like Tony said, and the guy said, because this is, it feels like one of the first shoes to drop
in the sense of like out in the, out in the open world, the free world, right. Where like Jack
is building something and you have these people that are just everyday people being like, Hey,
like I'm going to do this because the incentives are there. Like you have to build the world. You
can't fix reality from the current system. Right. So you have you have we have to keep building this
new world. So people, if you build it, they will come right from field of dreams. And this is where
people and it takes time because we talked about this earlier, too, that the young generation going
back to the now the stake and shake thing where you have as a business, you have incentives because
there's no fees. It's final settlement. People can't do chargebacks. And then from the saver side,
of mistaken shake side the young people in the i do believe the the reason bitcoin hasn't caught
on even faster and it's already been pretty fast it's only been 17 years but the younger generation
like you guys mentioned doesn't have much money i think it's what the millennials have the same at
the same time the boomers the same age the boomers have like 20 of the nation's wealth and now the
millennials have like four percent or five percent or something like that so the the younger generation
can't save as well because they're saving in dollars now you're gonna start seeing this play
out over the months and years of this stuff happening and people seeing that because of the
social media and the ability to spread and talk to one another like we talked about earlier so this
is going to play out then you mix it with the next epoch or two of bitcoin and i talked about this
with i think the club orange guys the other day uh brian de ment and mateo pellegrini and they
were they we were just talking about how the early the cypherpunks a lot of them hit the lottery or
they lost their coins and like so a lot of them kind of like went off and did their own thing and
you know, whatever, you have Jack Dorsey, some of these couple of guys have built some things,
but just think about this next generation or two of Bitcoiners who a lot of people will have to
probably work still, or they'll want to work, they'll want to build businesses. They won't have
billions of dollars, I guess, what we look at in today's wealth, but they're going to be wealthy,
but they're going to be putting capital back into the system and building things like this.
And this is that, this is what we're going into. And it's hard to see because we're in it right now.
So this world between savers and young people are seeing what happens when you save in Bitcoin
and then business owners seeing there's no chargebacks, final settlement.
And then also Bitcoin holders that now have more and more purchasing power
are going to want to put back into the system, build businesses, go in.
All this is coming together, but it's going to take a few more years.
And you mix that with the hyperinflationary of the dollar, the old world,
like we just were going bantering back and forth about.
That is all coming together in this next five or 10 years.
And it's going to be beautiful stuff, guys.
I completely agree.
I think this is what's inspiring about the Steak and Shake story in particular
is that this is a relatively small cost to this company.
And it's just a very simple way for them to demonstrate
you can get creative about how you benefit employees
and Bitcoin can be a piece of that.
I think there are going to be a lot of,
and many people working at Steak and Shake,
they don't want to work there for 30 years.
I get that.
There are some people who simply don't have
and won't develop the skills
to probably leave an occupation like that.
And so they're going to stick around for a while
and they're going to benefit disproportionately
compared to anyone else working at any other fast food chain for minimum wage or whatever it is.
And it's just cool to see. And no one asked them to do this. They just said, hey, we're going to,
you know, continue this. We're going to continue to like orange pill our our employees and do what
we can to accept Bitcoin and operate on a Bitcoin standard. I think Steak and Shake is compared to
all of the other quote unquote treasury codes is knocking it out of the park in terms of how
they've approached this so far. What's cool is that if Adam's if Adam's math is correct, you know,
21 cents an hour gets you 3 million after 30 years, you can work anywhere you want, save a dollar an
hour for and you could retire in six years or five years. So it's really about saving a little
bit of Bitcoin repeatedly, consistency, you know, and I think for me, that's that's the other win
here. It demonstrates that even a little bit of Bitcoin purchased regularly is going to be
meaningful in a short amount of time. I mean, not short, like two days, but you know, five,
six, 10 years, that'll be significant. Yeah. The key is as you stack, as you accumulate,
you have to take yourself on an educational journey. So you aren't tempted to sell before
the dollar collapse and get into some sort of dollar denominated asset instead.
The thing is, if Adam's numbers are correct, it makes me think we need to revise ours at the
bitcoin way no i'm just i'm just kidding i mean you know if a business wants to show you know the
people that you know work at that company how much you know they love value and respect them you know
the best way to uh to do this is to pay them with the best money humanity has ever known and that is
and that is bitcoin and so i think ultimately you know people will upgrade you know the money that
they save in over time as things get worse.
Like, for example, back in Lebanon, nobody saved or very few people are saving in that
local shit coin.
Their next best thing is, I guess, the dollar.
And then once that, you know, meets its Lebanon moment, then the next best thing may be, I
don't know, some form of crypto, maybe, who knows.
And then maybe after that, they'll ultimately find their way to the king of all money, the
ruler of all currency, which is Bitcoin.
But people have to get to that, you know, like their own way.
But I think as things get progressively worse, you know, the distance to get to getting to Bitcoin and finally understanding that that is the only final destination you want to be is going to become much shorter.
Right. So this is bullish times, man.
I mean it sad that people have to go through pain in order to get to that But you know this is the world we live in I agree And Tony I think you hit on an important point And gents keep in mind Valentine Day is less than a month away
There's no better way to tell the people you love them in your life
than to give them some Bitcoin, show them how to take self-custody.
Buy them an orange rose.
An orange rose.
All righty, guys, let's do these last two quickly.
We're running low on time.
So just in from Cointelegraph, a solo Bitcoiner miner
has successfully mined a block, earning 3.13 Bitcoin worth about $289,000.
If you're not solo mining on some level right now,
and you've got $100, $200 to spend on a miner, you're just missing out.
This is just a beautiful lottery.
You get to play every 10 minutes, have fun, learn some things.
Kudos to the winner, man. Kudos to the winner.
Totally. I'm so jealous.
Did Greer not tell you?
Was that you, Greer?
No, that wasn't me. I look at my stats every day. I'm just waiting to wake up and see a notification on my phone that I've hit a block. Yes, I'm so jealous.
We'll know Greer won a block because he will not show up to Bitcoin banter.
That's true. I won't. That's how you'll go.
Brandon, what's your fake on solid mining? I don't think we've talked about this with you.
Yeah, no, I mean, this is kind of like one of the great stories to kind of wrap this show with because we've hit so much.
We've hit the political stuff, the business angle, the young kids saving and building a system outside.
You know, again, I do believe the lifeboat off the Titanic is one of them.
I've used that analogy a thousand times.
There's so many ways you can take it.
And this is one of those things.
It's the same thing.
Like here's people you're mining.
You're kind of building extra lifeboats off the Titanic.
So, yeah, you have some available.
But then we're building, you know, this is what mining is.
You are actively building and nurturing and securing the system off of the Titanic.
These lifeboats.
The thing is going down.
US dollar network is going down as we've outlined.
And here we are, someone that, and again,
I think this is the beauty,
the last thing I'll say about it,
so I'll let you guys answer,
is the Satoshi marrying digital scarcity
to physical energy, right?
And I think that that's something
that doesn't get talked about enough either.
And it's through time.
It's not, hey, how much power do I have?
If I have a billion miners and nation state wins,
here we are, right here.
Just get in the game.
It's secure to time.
It's the amount of minutes in time,
not the amount of wattage or power you have out there.
So it is a true lottery, and that's what really democratizes it,
and it really doesn't get a lot of airtime,
and this is just the great example of it right here.
Yeah.
Greer, I know you've got an addiction.
How many miners you got running these days?
I have two.
I have about 14 teriyah ash at home.
It costs me, I don't know, $15, $20 a month.
And, yeah, I mean, you know, I'm just waiting, waiting to hit that block.
I just personally I want to hit one before we get to a million blocks.
I think it would be cool to be able to say I hit one of the first million blocks in Bitcoin.
That's cool.
You better start stacking some more miners along with your sats, man.
I know.
Power is expensive.
Yeah, that's fair.
Tony, why don't you take a more serious approach?
Why should people be mining Bitcoin on their own?
Well, simply because, first of all, the cost of entry to solo mine is going down drastically.
And I mean, more and more of these products are becoming plug and play appliances.
in your everyday home, right?
Like things that you need,
like shower heaters, pool heaters,
things of that sort.
And we're going to continuously see this.
So why just waste money
when you can use the same equipment
to potentially make money at the same time?
And when you route this via your own node,
I mean, you're contributing
to the whole decentralization
of the mining universe here.
And so every Bitcoiner,
every serious Bitcoiner
should seriously consider this.
And it's not expensive, or at least it's not anywhere near as expensive as it used to be.
And the prices continuously go down.
And who knows, man, you just might wake up like this lucky fellow here and hit a block.
And congratulations.
The chances are low, but, you know, it's not as low as people think.
There are much better odds than playing the traditional lottery when you solo mine.
And like you guys said, it's extremely addictive.
I mean, you'll start off with one miner and before you know it, you have a collection of like 17.
Love it, man. All right. Hey, guys, we got one more. Tony, I'm just going to let you take this.
This is more of a public service announcement. So our friend Martin from BTC Prague warned sophisticated phishing attacks on crypto.
So high level attacks. Basically, I'll just briefly describe the attack vector.
So an attacker will initiate a team resume call, use deep fake AI video to look like your friend,
claim audio issues and ask you to download a plugin in order to access a conversation with
them. And then the plugin provides access to your system and they can steal all of your information,
your Bitcoin, whatever it is. So Tony, why don't you just give a very broad warning and
a call to vigilance? Yeah, guys, this just highlights what we've been saying all along
that the sophistication of these attacks is going to continuously improve now that the tools are
readily available to everybody. And it can happen to anyone. So don't just assume this happens to
newbies. It can happen to experts. It can happen to professionals. It can happen to anyone who's
simply not paying attention at the right time. And usually the biggest giveaways of these scams
is that urgency. Like they want you to act now. Now they want you to usually download something
or install something. These are the first like immediate dead giveaways. So whenever you see
something like this, just pause before reacting. There's no urgency that'll land out of nowhere,
right? Like unless you specifically know that something's broken in your life, there's no need
to immediately react. Pause, ask, you know, just don't rush into doing anything drastic,
because that's how most people end up regretting it, you know, 10 seconds after they do whatever
it is that they're instructed to do. So I'm glad this story ended on a good note. But, you know,
it's just more awareness needs to be put out there. More people need to level up their IT
skills, so to speak, just so that they don't become victims of something as, you know, as
devious as this. Yeah. Set a reminder every hour on your phone where it just says, don't trust,
verify, because these deep fakes are getting incredibly convincing. And I think it's important
that you just stop, you get confirmation
from whoever it is you think you're talking to,
because it truly might not be them.
Very scary, but again,
there are ways you can mitigate these risks
and just be safe.
Alrighty, guys, thank you so much.
Brandon, thanks for coming on, man.
Why don't you give people a handoff,
tell them where they can find you,
your podcast, anything else.
Yeah, this is always amazing, boys.
Brandon underscore Gentile is my first and last name,
the underscore in between for the handle
on our podcast on YouTube, Spotify,
whatever, Noster, Twitter, everything.
So I appreciate you guys.
Look forward to the next one.
Yeah, no, of course, we'll have you back soon. And for everyone listening, stick around for another minute, learn a bit about the Bitcoin way, how we can help not only with self custody and some of the other things we talked about, but we can actually help you set up your solo miner. So get started on that if you haven't already. And we look forward to having you back next time. Gents, good chat. We'll talk soon.
Thanks, guys. It was great.
Thanks. Cheers.
Thanks, guys.
Hey there, thank you for tuning into Bitcoin Banter.
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