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Hey everyone, Michael here with the Bitcoin Way.

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Something many of you may not realize is that each day after we finish recording Bitcoin banter,

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we'll sit around and chat offline for a bit.

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Sometimes we're just catching up or talking shop.

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Other times the conversations get, well, very interesting.

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After a recent banter we did with our friend Brandon Gentile,

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we had one such discussion and by accident, we ended up recording it.

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Instead of scrapping it, we thought you'd have fun getting a behind the scenes, uncensored look at the kinds of things a bunch of toxic Bitcoin maxis discuss when they think the camera isn't rolling.

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Here it is. And I hope you enjoy.

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My hope, and I'm sure a lot of our it's like Bitcoin gets to a point where enough of us Bitcoiners are wealthy enough where you can start kind of pushing back on the system.

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And unfortunately, it looks like it's going a little slower than than you hoped.

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so it's like weird where does that like you know they have like you said tony they have directed

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energy weapons they have sound weapons they can just melt you sitting there you're militia okay

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great you're gone you know the national guard just takes you up at what point like how many

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of these guys are bots are they actual humanoids like are they men and women who like actually see

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the you know the veil come down they start flipping to our side like what's the end game

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you know a year from now five years 10 20 years from now that's that that's the this weird catechism

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we're in. The thing is, there's also one detail that you're not thinking of. In moments of

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hyperinflation, the army also fails because how are they going to get paid? Yeah, that happened

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in Iran. They weren't getting paid and some of the soldiers were signing with people. And that also happened in Lebanon. Correct.

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Yeah. So what kind of soldier is going to want to put his life on the line for 20 bucks a month?

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no reason yeah right so there's also that silver lining that a lot of people don't think of they

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just like oh but the government has tanks and military and all that shit okay great but it

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has to feed these people but then you can argue but they can print but you know it's irrelevant

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at that point because you're already hyperinflated so what are you going to print

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printing the money becomes more of a burden than you know than just leaving it that's why i think

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they're going to flip to a stable coin. I think before the dollar hyperinflates, they're going to

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say, we have a new asset. This replaces the dollar. It'll be mandatory. Everybody gets it as soon as

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you open your bank account, totally coordinated in the US. And we're going to flip from the cash

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dollar system to the digital stable coin system like that. And I think that's what the Clarity Act,

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I think the whole thing is fake. I think like Brian saying, I don't like the Clarity Act,

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was just a way for them to create a narrative.

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Brian, Coinbase, the banks,

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they already agreed, in my opinion,

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instead of a crypto paying you 5% or 7%

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when the bank only pays you a half,

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they both agreed earlier to say,

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hey, we're just gonna give people 3%

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instead of going to 5.

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That way, the banks are happy

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because now they can issue stable coins.

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Crypto's happy because they get to still offer a yield,

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but it's not as much.

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so the consumer doesn't benefit like they do today.

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So you tampen down the yield for consumers,

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the big guys, crypto and banks align,

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and now you have the whole stablecoin crypto

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that becomes mandatory for everybody else.

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But that's just kicking the can down the line.

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It's not fixing anything.

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In fact, it's making things worse

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because you're probably going to be obliged

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to use a digital ID with all this bullshit.

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That's right, yeah.

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But I think that's how they do it. I think they know that the collapse is coming.

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The dollar is not going to last any longer. And they're going to just use, you know, you'll either use Tether or you'll use Bank of America stable coin.

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Essentially, it'll all be the same. But they're going to flip the system.

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And maybe it'll take a month to get everyone onboarded. But you'll wake up and your Chase Bank account is now denominated in stable coins.

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And how long do you think it'll take before enough people reject this?

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I think it'll be good at first. People will like it. And then I think the restrictions and the vice tightens over time.

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And then you have Gavin Newsom as president. And he says, we're not going to allow the purchase of Bitcoin with any government backed stablecoin.

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And now you have the dividing line. You're either in Bitcoin or you're not. And you can't get into Bitcoin at that point.

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Except they're earning it potentially like on the side, like outside the system.

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Yeah, selling your own goods and you can only accept Bitcoin.

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The thing is, in a scenario like this, not being able to buy Bitcoin would be the least of my worries.

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Because in order to really enforce their stupidities, they're going to restrict you from buying anything.

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They're going to restrict you from maybe buying gas or buying a plane ticket to leave or buying certain types of food.

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that way you are really desperate and willing to do anything to comply in order to you know

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get these things well this this is what i suspect is more likely to happen if you give power to

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psychopaths like that hey guys i gotta run i've got a plumber at my house but uh you guys get that

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no that what zio michael that what greer said though i think like i think that happens for the The thing with what Greer said happens first and maybe they tried they tried to do it silently to cut off the exit ramps

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Then Tony, it goes to what you're saying.

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It goes to like, oh, Hey, we're restricting 15 minute city, like that kind of shit.

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But then it's like people, people turn around and like, okay, well I'm escaping.

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Like, oh, it's too late.

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They already cut off the Bitcoin that, that, then that's what, so I think both you are right.

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It's just the timeline that it happens in, I think is the interesting part.

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So what do you guys think that looks like?

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Like if that were to happen, like how many people would simply be, oh, okay, that's how it is now?

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97%, 98%.

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We need stupid shit to happen.

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We need big, dumb things to happen.

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I mean, really, like I hate saying that.

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I don't want to.

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Like I hate saying that, but like we have to.

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You need Max Payne.

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You have to have big, stupid.

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Look at Justin Trudeau.

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He probably orange-pilled more people in one event than almost anyone on earth.

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You need like to both your points.

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Like you need the freezing of accounts.

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You need these stupid things.

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You know, Trump getting kicked off of Twitter.

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Look what happened after that.

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You know, Nostra comes about.

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You know, Elon buys Twitter, you know, for whatever that's worth.

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But like things start happening.

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You know, the parlors of the world, all these other things happen because dumb things happen.

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And people don't wake up otherwise.

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It's unreal.

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I don't get it.

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For me, the silver lining to bad news is that it pushes intelligent people to continuously, you know, build better tools to give these assholes a bigger middle finger each time, right?

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And so this is how Nostra was born.

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This is how Bitcoin was born.

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And this is how many things going forward will be born.

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Because the worst things gets, people need their exits, right?

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And so these exits need to continuously be refined and made more bulletproof.

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So that's it, man.

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They exist.

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They cannot be stopped.

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They cannot be taken away.

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And it just puts an end to the abuse.

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And to your point, I mean, again, everything we've been talking about,

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it's into your question, Tony, like, that's why it's preparing, you know, firearms, food storage,

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you know, getting some water, like all these things, because you've got to prepare for bad

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shit happening and then be ready on the backside to like, okay, we're building, we're building

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with Bitcoin. We're doing these things in that chaos and story of life, right? That's what they

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give me the clarity. I think people that are in a position to leave are, you know, better off just

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leaving and you know and saving themselves such monumental you know problems and headaches down

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the line but i don't know if how many people are you know have that luxury to just pack up and leave

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i suspect right not that many right not many i mean not many so that's gonna be a lot of people

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fighting it out here that's that's for sure you know even the clarity act i think the clarity act

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going down or like this you know what happened the last week or two that was a good like line

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the sand too you know because that really i think was the first real time where like you know someone

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when some of these big guys took a uh put a put a put their foot down was like oh and so this is

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that i don't there's an impasse like how do you how do you get around this you know kind of going

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back to what you're saying career with the stable coin stuff this is very interesting because we

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might be at an impasse where how do you get around it the banks don't want it they clearly are

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threatened by bitcoin right this is the thing that no one wants to talk about right larry finks head

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at wf but he's also the biggest bitcoin etf guy yeah right i mean the guy's the guy's a joke so

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it's like this is now starting to be exposed and this is the line in the sand they passed the genius

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act really quick and now the clarity act stuff is now like getting held up and i don't think it's

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going to work and now you have an impact so now this fissure starts to your guys points of people

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are going to have to start choosing because now altcoins are going to get hurt more and more over

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time because banks aren't going to want this shit going on they might come up with some little you

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whatever. But like we have this world now where there's true fissure and you can't get around it

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because they don't want you leaving because, oh, we're sharing the spread, the 3% where the bank

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wants all 5%. They don't want to share the spread, you know, with the, with the people and deposits.

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So now you have this world that's really aligned in the sand and now people are going to start

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choosing. And this is where the education, everything we're all doing now is becomes very,

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very important. As people start looking for answers of, Hey, why the hell can I get 2%,

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3%, 5% with stable coins when this was the case, you know, so now here we go. I think the game

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started like a week or two ago. So you guys think that 2026 will be the year to remember? Like,

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is this the turning point? Absolutely. I mean, silver is almost a hundred bucks. Gold is,

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you know, almost at 5,000. I think that we're going to see the dollar crash. But unlike what

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you were saying, Brandon, I think it was all manufactured. I think that the banks and the

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crypto have already agreed behind the scenes. And we're just seeing political theater where we

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think they're going like this yeah that way we feel better about the outcome because uh david

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sacks in davos said the banks are going to have to compromise he said that he's like the banks

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are going to have to compromise so i don't think the banks want the stable coins but they have to

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they're forced to compete and i think the only way that crypto survives is if it can be legitimized

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by the banks. So they both need each other. And that's why I think it was already agreed

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to months ago. And now we're just watching the theater play out. And when the dollar

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does hyperinflate, that's when they already have the answer ready. Totally organized,

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totally orchestrated. You've got Bitcoin and then you've got government stable coins.

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So then my theory about this two-tiered world is very possible based on what you just described.

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because everything you just talk about now is relevant to people stuck in that system But if you on a Bitcoin standard living in circular economies which will continuously flourish

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then all of this is like, it's almost like it's in another country, right?

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Like it doesn't affect you.

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It's not part of your daily existence anymore because you're no longer a subject to that system.

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That's going to be crazy.

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Like, I mean, this is a theory that I have in my head, but I mean, the more we discuss these things and the more I see things unfold, like, I'm worried I'm going to be right.

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You know, like, and if I am, like, what the hell, man?

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Like, I mean, this is messed up because a certain percentage of people are going to be okay.

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And that may include you.

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But you also know a lot of people that you care about that are going to not be okay.

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Yep.

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But you're not in a position to help them as easily as you would be like now.

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So what do you do?

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Yeah, I don't know.

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I think the best outcome for us would be if Bitcoin goes to 5 million, 10 million.

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To me, that's going to draw in the people who can still catch the upside over time.

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And I think most people are only going to be able to get Bitcoin in a permission product like an ETF or holding it at a bank.

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Yeah, so nothing really changes for them.

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They just have fake sugar.

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Yeah, they have custody Bitcoin.

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But if you have it in self-custody, then you can operate between both systems with more independence.

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I don't know if there are really any good outcomes.

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I don't know if there are any good outcomes.

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Black swans.

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Black swans.

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What if, like, I do, I believe that some of these nation states, again, kind of like you guys have kind of danced around some of this to a degree.

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And so this makes me think of Chase Bank, some of the nation states.

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Some of these people are going to collapse because they're going to play stupid games with Bitcoin.

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Whether they're in these permission products or not, they're going to do dumb things because we know that's inevitable.

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And they will blow themselves up.

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And I think that might some of these black swan events, like literally out of left field, where all of a sudden you're playing, you're FTXing.

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And then all of a sudden, Bitcoin, as we know, it's an auditing system.

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And it's going to catch up to you, right?

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Yeah.

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Yeah.

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And it's going to be out of left field.

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Yeah, yeah, for sure.

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Man, I can't prove it.

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But you know, sometimes when you have a very strong sixth sense, I really have a feeling we're going to wake up one day and Bitcoin is just going to be like up there.

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for no, you know, one reason.

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It's just going to be there.

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And a lot of the folks that are not like,

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that are banking on everything except for Bitcoin,

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they're going to have their faces melted.

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And the ones that worry me the most

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are the ones holding on to precious metals

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because historically that's always been the safe haven, right?

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But we don't live in that, you know, primitive time anymore.

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what like first of all most folks don't hold the physical metals like the gold or the silver they

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don't have them at home those that do have them in like in small trinket amounts like you know

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maybe a chain a metal you know a few coins and stuff like that fine how are you going to use it

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like are you going to take a bar to a supermarket and literally tell the guy i'll swap you this for

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like 17 tomatoes like how are you like practically how are you going to do it you can't and if you

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have a lot a lot of precious metals how are you going to protect them right you know like no i was

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telling you this earlier today you agree like this brings back you know ptsd from the stories that my

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parents used to tell me when i was a kid during the early days of the civil war in lebanon

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people used to smuggle their own gold, right?

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Do you know how they used to hide gold?

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Up there, up the sphincter.

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Not in dirty diapers, in themselves, you know,

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anywhere imaginable so that they don't get stolen.

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We had, I was told stories of folks that were living

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in the worst, most notorious neighborhoods,

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hiding barrels of gold underground in their living rooms

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because it was supposedly the last place anyone would look

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because this was like the worst place to be.

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This is where they hid the gold.

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And so can you imagine all hell breaks loose?

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The first target is going to be high net worth neighborhoods, right?

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Whether they have it or not, it doesn't matter.

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The perception that people may have valuables there

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is what's going to trigger the focus to go after them.

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And so if you are actually hoarding physical precious metals,

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how do you protect yourself against that?

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And if you wanted to leave with your precious metals,

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what bloody plane are you going to get on with all that stuff?

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Yeah, you can't.

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No, you're right.

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No, you're 100% correct.

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I think we're seeing FOMO.

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That's why these metals are going up.

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Everyone is FOMOing into it.

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It's like brain dead instinctive autopilot reaction.

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Like no one's thinking this through.

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And it's going to become like your worst enemy,

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like your biggest handicap is the very thing

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that you thought was going to keep you safe.

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So going back to this, because you guys nailed it, right?

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Like the beauty of gold and silver is the physical the utility what it can actually do But we know that that that kept it back for 5 000 years right like that why it can be global money well right but that it

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can't be because of the beauty of the physicalness it can't be money right so like you can't have

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global commerce and so this goes back to agree what you're saying about the clarity act being

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theater what if what if again going back to the trump thing at that global level of that being

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theater this is like the multi-polar order that you'll wear where it's like the east they have a

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ton of gold and silver and they want to revalue the system on that and then trump over here that

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who knows we have gold or not or whatever it was but they're like no we're we're rebuilding in this

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stable coin we're rebuilding on this so some of these like backroom deals that could be like oh

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we're gonna have world war three who knows a year ago these these three russia china and america

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could have made a deal and said yeah we're gonna like you know we're gonna create some theater we're

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gonna we're gonna have some stuff up but like this is what's going on we know it's going separate

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ways so like they all could be theater you could have theater and a global and they can have actually

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here domestically too like it could all be theater and probably is yeah all of it and you're right

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they got to sell so what they want is for everyone to go into gold and silver to revalue things yeah

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and then it gets demonetized because you're doing against the dollar the dollar exactly yeah that's

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like the biggest rug pull ever that's when it's gonna take place and they've been buying bitcoin

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on the side confiscating it you know and boom here's the new monetary standard and and sailor's

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got 700,000. And that's a U.S. company. And the U.S. could be like, hey, it's our national interest.

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Strategy is the new bank, not just for America, but for the world. 100%. Look at Brian Armstrong.

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He has said, right, we don't agree with much of what he says, but he's honest when he says some

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of the things, like what he said this week in Davos, but also fighting the central bank guy.

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But also he said, hey, if your shit's here with me, I'm going to give it to the government. If

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they come knocking, I'm a U.S. company. I will give them the Bitcoin. So get your stuff off

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exchanges and he admitted that five years ago which god love him thank you for doing that but

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like he he admitted it but look at the etfs they're all all the shit is that coinbase all this

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other stuff is that coinbase so it's like put put it all together what do we see you know it's just

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it's wild wild wild wild they're always going to protect their own right this is why the justice

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system for me is complete bullshit i i discovered this in lebanon and i'm seeing the same thing in

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the US and in every other country in the world. There's a two-tier justice system, which is why

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it's complete rubbish, you know, in its entirety. I don't know how this ends, man. Like it's,

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I just don't see any peaceful way that this goes down, you know, when things get bad enough.

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And that's the part that really worries me, is because regular folks are always the ones that

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pay the price right it's like innocent people like in anywhere and uh i don't know i don't i

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just don't want to see that happen man i've seen too much of it already um i already don't sleep

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because of fucking ptsd like i don't need more on my plate you know going forward but

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i can only do you know so much i know that's why i feel like that that's our that's our

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generation of bitcoiners like this last each fuck or two is that people like we see the problems

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we weren't the cypherpunk necessarily like we weren't in the first five years but it's like

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you're in that next 10 years and you're like i just want to help the people around me like you

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see the problems you've been studying this shit you've seen it tony's lived it and you're like

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i just need to help people around me and then like no one seemingly wants to help and you're

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like going insane at least that's that's me dude yeah yeah my life like i don't care if we get

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wealthy like we may or may not whatever but like you're just trying to like help everyone you can

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into the off the titanic into the life rafts and you're like no one wants to get in the lifeboat

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Just get some.

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Just get some.

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I worry about the folks that have young kids.

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How do you deal with them?

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How do you protect them?

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How do you educate them?

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How do you make them as aware as you are and make sure they don't screw up somewhere along the line

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or inadvertently get mangled up somewhere where they're not supposed to be, right?

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I mean, all of these uncontrollable variables, as a responsible human being,

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especially as a responsible parent, they weigh on you, right?

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It's not like you can just, oh, well, they'll figure it out.

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No, I need to be sure they're going to be okay.

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It's not like, oh, well, they're going to figure it out.

302
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Yeah, I don't know.

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I've got four kids, so I think about a lot.

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Yeah.

305
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Yeah.

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All right, dude.

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Unbelievable.

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This was...

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We should record a second session here.

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That was...

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It's always better offline.

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You got to start doing it.

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Yeah.

314
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Yeah.

315
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Oh, man.

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It may have been better than the original one.

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I know. The offline always is.

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You can't help it.

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The problem is you couldn't say this stuff.

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Half the stuff, you get taken down.

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It wouldn't even matter. That's part of the problem.

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What do you mean? What we discussed here would be

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taken down? I don't know if this would,

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but generally, offline,

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you're talking, everyone's just free-flowing.

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Half that stuff would get taken down. You can't even say it.

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Yeah, that's true.

328
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You can't say the word Malaysia. That's for sure.

329
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That's true.

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No, I think we were okay today,

331
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but it's all good.

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anyhow guys it was a pleasure talking to you let's do this again this bent this banter thing is really

333
00:21:45,029 --> 00:21:49,829
uh it's a lot of fun and i think you know we can i think a lot of people will appreciate you know

334
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just you know the give and take absolutely this will be the way all right dudes i'll catch you on

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the next one see you boys cheers