1 00:00:00,000 --> 00:00:06,200 For Bitcoin to hit 10K, that means that everyone, ETFs, institutions, private holders, 2 00:00:06,420 --> 00:00:11,540 like the majority of these folks would have to get rid of their Bitcoin for it to go this low. 3 00:00:12,000 --> 00:00:17,500 Unfortunately, I think that now every politician is going to be way more tactful about how they 4 00:00:17,500 --> 00:00:20,300 approach breaking the news. They're going to try to soften everything. 5 00:00:20,860 --> 00:00:25,020 This is a net negative. I think what they're trying to do is make sure that the market can 6 00:00:25,020 --> 00:00:31,440 operate like Bitcoin does. 24-7, immutable ledger. The problem is that these blockchains are 7 00:00:31,440 --> 00:00:37,080 centralized. For all of these boomers with, you know, high net worth individuals that think it's 8 00:00:37,080 --> 00:00:42,180 just, you know, set it and forget it by buying an ETF or investing in a shit treasury. Well, 9 00:00:42,180 --> 00:00:43,940 I have bad news for you, my friend. 10 00:00:55,020 --> 00:01:01,540 Hey, everyone. Welcome to another episode of Bitcoin Banter. I have Greer and Tony with me. 11 00:01:01,540 --> 00:01:07,620 Guys, up first from Cointelegraph, this is an alert. Mike McGlone, a senior commodity strategist 12 00:01:07,620 --> 00:01:12,620 at Bloomberg Intelligence, warns Bitcoin may be entering a long-term mean reversion with risks 13 00:01:12,620 --> 00:01:20,680 of a move toward $10,000 after its 2025 rollover. He sounds, as Greer, you mentioned offline, a lot 14 00:01:20,680 --> 00:01:24,720 like Peter Schiff. What's your take on this one, Greer? I don't think this is happening. 15 00:01:25,020 --> 00:01:28,500 If it did happen, it would only occur for a few minutes. 16 00:01:28,740 --> 00:01:30,840 I mean, imagine a wick down to 10K. 17 00:01:31,340 --> 00:01:36,060 It would spike back up as everybody saw what a great buying opportunity this was. 18 00:01:36,740 --> 00:01:38,500 I don't think we're going down to 50. 19 00:01:38,940 --> 00:01:42,360 You know, Mike McGlone has been kind of bear posting over the last six months. 20 00:01:42,860 --> 00:01:44,360 He's calling for lower numbers. 21 00:01:44,760 --> 00:01:48,660 And yeah, like you said, you know, maybe he sees what Peter Schiff is able to generate 22 00:01:48,660 --> 00:01:50,960 in traffic and in clicks and views. 23 00:01:50,960 --> 00:01:58,160 And or maybe this is just Bloomberg fighting against a new technology that's emerging and taking over the world. 24 00:01:58,680 --> 00:02:03,340 I don't think Bitcoin's going lower as much as we might like it to so that we could purchase more. 25 00:02:03,820 --> 00:02:05,560 I think we're only going up over time. 26 00:02:05,800 --> 00:02:08,380 Maybe we'll have some more months of sideways trading. 27 00:02:08,820 --> 00:02:09,960 But Bitcoin is scarce. 28 00:02:10,460 --> 00:02:14,120 And the fact is, the buying is not stopped. 29 00:02:14,340 --> 00:02:17,440 And it won't stop anytime in the near future. 30 00:02:17,440 --> 00:02:20,740 So I think if you zoom out, we're only going up forever. 31 00:02:20,960 --> 00:02:37,340 I agree with that. Tony, do you see any possibility? Is there a scenario? Because we're going to talk here in a few minutes about a recent dip. Do you think there's any possibility that we see something like this amidst fears of the unknown, the chaos going on in the world? 32 00:02:37,340 --> 00:02:45,120 no man for bitcoin to hit 10k that means that everyone etfs everyone institutions private 33 00:02:45,120 --> 00:02:50,800 holders like the majority of these folks would have to get rid of their bitcoin for it to go 34 00:02:50,800 --> 00:02:56,820 this low which i honestly don't see happening at all i don't know where this guy gets his uh 35 00:02:56,820 --> 00:03:02,320 his predictions from i don't know maybe it sounds more like you know engagement uh engagement 36 00:03:02,320 --> 00:03:07,520 baiting or you know the only thing that's going to go this slow is this high iq as of this uh as 37 00:03:07,520 --> 00:03:12,720 of this ridiculous post there's no chance this happens but you know i i am cognizant of the fact 38 00:03:12,720 --> 00:03:18,900 that a lot of folks out there still treat bitcoin as a speculative asset which is like the dumbest 39 00:03:18,900 --> 00:03:23,040 thing you can do but of course you know this is the world we live in and people have to learn that 40 00:03:23,040 --> 00:03:28,480 lesson the hard way so we still have to go through the ups and downs and people like this clown 41 00:03:28,480 --> 00:03:33,480 don't help you know when somebody already knows nothing and then you know he relies on 42 00:03:33,480 --> 00:03:41,160 so to speak influential experts like this this this guy well you know it just prolongs the pain 43 00:03:41,160 --> 00:03:47,980 i think you also raise a really good point that we've got a lot more passive buyers people just 44 00:03:47,980 --> 00:03:54,340 holding in etfs that kind of thing going on and i i don't suspect the us paranoid crypto anarchists 45 00:03:54,340 --> 00:03:57,420 are likely to just dump all of our Bitcoin at any point in time. 46 00:03:57,520 --> 00:03:59,720 We've been holding for a long time, high conviction. 47 00:04:00,120 --> 00:04:01,080 So I would tend to... 48 00:04:01,080 --> 00:04:05,200 And who knows, man, like this guy can be paid to save these stupidities. 49 00:04:05,360 --> 00:04:07,540 Like, I mean, you don't know what's going on in the background. 50 00:04:07,920 --> 00:04:10,220 We are still definitely at the they fight you stage. 51 00:04:10,280 --> 00:04:14,260 And this could be just, you know, one of many things included in that mix. 52 00:04:15,280 --> 00:04:17,480 Speaking of the then they fight you stage. 53 00:04:17,480 --> 00:04:23,900 So TFTC reported, I think yesterday, yeah, Google Maps deleted PubKey DC's entire listing 54 00:04:23,900 --> 00:04:29,420 overnight all reviews and photos gone no warning no explanation given so you can't find pub key dc 55 00:04:29,420 --> 00:04:35,480 at the moment and hunter beast quote tweeted it and said taps the sign and he linked to his post 56 00:04:35,480 --> 00:04:41,000 where he said safe to say we're still squarely in the then they fight you stage i would tend to 57 00:04:41,000 --> 00:04:46,000 agree with that but tony i would love to hear your thoughts on this particular move yeah of course man 58 00:04:46,000 --> 00:04:51,080 this this these events like for me are bullish believe it or not because it just highlights 59 00:04:51,080 --> 00:04:57,480 what kind of garbage we have out there that people are so accustomed to using on a daily basis, 60 00:04:57,480 --> 00:05:05,240 thinking it's good. When you put so much power in the hands of one institution, in this case, 61 00:05:05,380 --> 00:05:11,480 Google, who can literally erase this company's existence by a click of a button, that's insane, 62 00:05:11,700 --> 00:05:17,440 right? That should push everyone to find solutions to prevent this from happening ever again. 63 00:05:17,440 --> 00:05:27,220 So if Google can delete the address and the existence of an institution, can you imagine the abuse of a bank with your money? 64 00:05:27,880 --> 00:05:36,120 This is what's so mind-blowing to me that most people still don't understand this and still entrust third parties with their wealth, 65 00:05:36,420 --> 00:05:44,540 knowing that this very example that Google did can happen, copy-paste from any bank with your money. 66 00:05:44,540 --> 00:05:52,820 so now that there's an option that prevents this entirely why aren't more people racing towards it 67 00:05:52,820 --> 00:05:58,480 right like i mean it's like an enigma almost to try to figure out this mystery 68 00:05:58,480 --> 00:06:06,020 when it's clearly so obvious to people like us yeah i i agree with that it's um 69 00:06:06,020 --> 00:06:11,560 it's one of these things though that we we to your point tony we become so reliant on a couple 70 00:06:11,560 --> 00:06:17,460 of companies for fundamental services because you know that basically you know the the uh ride 71 00:06:17,460 --> 00:06:22,080 share companies all of they're plugging into google maps and so if you're trying to plug in 72 00:06:22,080 --> 00:06:26,860 you know pub key dc you're probably gonna have a hard time if i were to guess and uh it's going to 73 00:06:26,860 --> 00:06:32,860 be more and more difficult for bitcoin for physical bitcoin or locations to uh to continue to thrive 74 00:06:32,860 --> 00:06:38,080 but i agree with you i think what it the signal it sends to me isn't oh shoot they're fighting us 75 00:06:38,080 --> 00:06:44,280 it's they they're concerned that we're about to win in some very big significant way and so it makes me 76 00:06:44,280 --> 00:06:48,740 uh optimistic that uh we're we're just heading in the right direction we got yeah we definitely 77 00:06:48,740 --> 00:06:53,800 need more decentralized solutions to absolutely everything man this this is like handing someone 78 00:06:53,800 --> 00:07:00,180 a gun and praying they don't shoot you like why would you give someone the gun in the first place 79 00:07:00,180 --> 00:07:06,800 right no you're you're exactly right greer what do you think yeah pub key in new york uh famously 80 00:07:06,800 --> 00:07:12,520 took the first Bitcoin transaction and President Trump bought a beer over the Lightning Network. 81 00:07:13,040 --> 00:07:18,540 You know, so this is a cultural hub for Bitcoiners. And I think the lesson is, you know, 82 00:07:18,540 --> 00:07:23,180 if we're going to be the crypto capital of the world, you know, we need friends in Washington. 83 00:07:23,800 --> 00:07:28,900 Maybe they didn't support the Genius Act or the Clarity Bill or who knows what. And this is just 84 00:07:28,900 --> 00:07:34,760 retribution. But you're right. When a company has this much power, you know, we're pretty much like 85 00:07:34,760 --> 00:07:41,680 ants under the magnifying glass. So, you know, my hope is that sort of being de-platformed by Google 86 00:07:41,680 --> 00:07:47,140 really just raises awareness. You know, this is a bar where you can enjoy Bitcoin culture. 87 00:07:47,680 --> 00:07:52,300 This isn't a subversive group of people. You know, these are your bros. These are your friends. 88 00:07:52,620 --> 00:07:57,540 And I think that, you know, getting de-platformed like this is really just going to drive more 89 00:07:57,540 --> 00:08:03,260 awareness for what a great place this is. I think that's well said. Alrighty, guys, 90 00:08:03,260 --> 00:08:07,220 We've got from Seven Seas, which is an interesting account to follow if you don't already. 91 00:08:07,520 --> 00:08:11,160 So he quote tweeted just in from the New York Stock Exchange. 92 00:08:11,300 --> 00:08:17,740 They're launching a 24-7 U.S. stock trading platform through new on-chain tokenization. 93 00:08:19,340 --> 00:08:24,840 So he had tweeted back in June of last year, the tokenization of everything is approaching. 94 00:08:25,080 --> 00:08:26,680 It'll start with stocks and bonds. 95 00:08:26,800 --> 00:08:29,720 Eventually, every strawberry at the grocery store will have a token ID. 96 00:08:29,720 --> 00:08:33,720 And so now what he is saying is and the stocks and bonds are starting. 97 00:08:34,300 --> 00:08:35,780 Greer, what is your take on this? 98 00:08:35,880 --> 00:08:40,860 A 24-7 on-chain tokenized exchange for stock trading. 99 00:08:41,700 --> 00:08:52,346 This means that you own nothing and be happy in my opinion You know tokenization means that you own an IOU of something that already permissioned you know like a stock or a bond 100 00:08:52,507 --> 00:08:55,047 So I think that this is a net negative. 101 00:08:55,527 --> 00:08:57,027 You know, I think what they're trying to do 102 00:08:57,027 --> 00:08:59,947 is make sure that the market can operate like Bitcoin does, 103 00:09:00,327 --> 00:09:02,366 24-7, immutable ledger. 104 00:09:02,366 --> 00:09:05,486 The problem is that these blockchains are centralized. 105 00:09:06,327 --> 00:09:09,486 And I think the also dangerous thing that we can see 106 00:09:09,486 --> 00:09:11,887 is that with Polymarket, with CalSheet, 107 00:09:11,887 --> 00:09:17,767 with people betting and gambling on certain world events, that type of behavior is now coming for 108 00:09:17,767 --> 00:09:24,846 the stock market. And to me, that's a net negative for humanity. Bitcoin is the alternative. You can 109 00:09:24,846 --> 00:09:29,986 save your time and energy and effort, and you can own it. You don't need someone else's blockchain. 110 00:09:30,587 --> 00:09:35,827 You can run a node at your own home. And this is an alternative. This is a stark contrast. 111 00:09:35,827 --> 00:09:40,626 I expect to see everything in the world get tokenized over time. 112 00:09:40,746 --> 00:09:44,966 And I think if you are a sovereign individual, this doesn't appeal to you. 113 00:09:45,187 --> 00:09:49,927 You know, there's nothing to be gained except an incredible amount of risk. 114 00:09:50,646 --> 00:09:59,387 I think the one potential advantage that I see to this is that no more Friday night announcements with zero consequence, which is what they usually do. 115 00:09:59,387 --> 00:10:05,466 You know, that's the Fed comes out and makes an announcement on a Friday and then they scramble to have a solution by Sunday. 116 00:10:05,466 --> 00:10:12,466 So that way, Monday, the markets don't get wrecked. Now people are going to respond in real time, presumably, to news as it unfolds. 117 00:10:13,226 --> 00:10:20,207 Unfortunately, I think that now every politician is going to be way more tactful about how they approach breaking the news. 118 00:10:20,287 --> 00:10:28,767 They're going to try to soften everything. So we're going to have even less transparency from the people who are announcing disasters as they come. 119 00:10:29,507 --> 00:10:30,646 Tony, what do you think? 120 00:10:30,646 --> 00:10:37,507 I think this is terrible news man and I don't understand how not more people are up in arms 121 00:10:37,507 --> 00:10:43,667 against something like this like who gives the right for a handful of psychopaths to think that 122 00:10:43,667 --> 00:10:48,486 they own the world and can just do whatever they want with it I mean this will appeal to those that 123 00:10:48,486 --> 00:10:52,746 understand nothing I mean this is why I keep saying I genuinely believe we're headed towards 124 00:10:52,746 --> 00:10:57,726 a two-tier world you know the the sheep and those you know that don't want to think and just you know 125 00:10:57,726 --> 00:11:03,447 follow the rules, place the nice little shiny cages, and then the other half that are completely 126 00:11:03,447 --> 00:11:09,766 sovereign. And those that are sovereign, living with sovereign money, unconfiscatable money, 127 00:11:10,187 --> 00:11:14,547 they won't even be paying attention to this news. Like, I mean, this is like a world that's far, 128 00:11:14,667 --> 00:11:23,567 far away from their everyday reality, right? And so I'm just like really shocked as to how there's 129 00:11:23,567 --> 00:11:32,366 no more like a massive pushback against this news, which gets worse every other week. It's not like 130 00:11:32,366 --> 00:11:38,927 it gets better, right? And people can't be that oblivious. But, you know, then again, with a lack 131 00:11:38,927 --> 00:11:44,027 of pushback and reaction, it seems like they are, which is even more terrifying than the news itself. 132 00:11:45,407 --> 00:11:52,346 I agree. All righty, guys. So Palantir, according to Leading Report, is reportedly developing a tool 133 00:11:52,346 --> 00:11:57,766 for ICE that displays a map of potential deportation targets, allows agents to pull up 134 00:11:57,766 --> 00:12:03,027 detailed profiles on individuals, and assigns a confidence score estimating how likely each 135 00:12:03,027 --> 00:12:05,207 person is to be at a given address. 136 00:12:05,967 --> 00:12:11,067 And of course, Axiomatic Enemy of the State tweets, this will eventually be used against 137 00:12:11,067 --> 00:12:11,447 you too. 138 00:12:11,587 --> 00:12:15,447 People have learned absolutely nothing from the implementation of the Patriot Act. 139 00:12:16,047 --> 00:12:17,167 Couldn't agree more with that. 140 00:12:17,587 --> 00:12:19,187 Tony, what's your take on this? 141 00:12:19,187 --> 00:12:26,887 you are not free people in the united states guys i mean this can't be more clear um the fact that 142 00:12:26,887 --> 00:12:31,986 this tech is allowed to progress the way it is and the fact that it's you know continuously used 143 00:12:31,986 --> 00:12:39,187 and abused in the ways that we read about um there's only one way this ends if you know enough 144 00:12:39,187 --> 00:12:45,646 people want it to end and it's not going to happen at the at the voting booth it's not going to happen 145 00:12:45,646 --> 00:12:49,986 anywhere over a late night dinner. 146 00:12:50,366 --> 00:12:52,787 It's going to happen in one of two ways. 147 00:12:53,327 --> 00:12:58,567 You either defund it by opting out of the money that powers it all, 148 00:12:59,027 --> 00:13:01,087 or you go to war against it. 149 00:13:01,967 --> 00:13:04,986 Anything else, you're just going to comply with it. 150 00:13:06,447 --> 00:13:07,807 Yeah, I agree with that. 151 00:13:07,807 --> 00:13:11,347 And I think most people, as they assess the options, 152 00:13:11,447 --> 00:13:12,827 will choose to opt out. 153 00:13:13,106 --> 00:13:15,106 The question is, how much pain is it going to take? 154 00:13:15,106 --> 00:13:19,626 we were talking about that a bit offline. And unfortunately, I think a lot more that we've 155 00:13:19,626 --> 00:13:26,187 experienced now. Greer, what do you think? Yeah, we're cooked. This is the problem reaction 156 00:13:26,187 --> 00:13:31,827 solution scenario just playing out, you know, import 30 million illegals, get the country to 157 00:13:31,827 --> 00:13:36,386 be riled up and upset, and now provide the solution that they wanted all along, which is 158 00:13:36,386 --> 00:13:43,547 track and trace of individuals. So yeah, take out the subject here and replace it with any other 159 00:13:43,547 --> 00:13:48,967 people group. You know, think about the opposite party at any year. It doesn't matter if it's this 160 00:13:48,967 --> 00:13:54,347 year or next year or 10 years from now. But as political power swings from the left to the right, 161 00:13:54,347 --> 00:14:00,047 the targets change also. So I think as Americans, as Tony said, we should be resisting this. 162 00:14:00,606 --> 00:14:06,787 And I think it's also very, very obvious that if you are on the other side of this trade, 163 00:14:07,027 --> 00:14:12,226 you are going to regret that you just allowed it to happen. So at the same time, you know, 164 00:14:12,226 --> 00:14:17,907 my questions are like, what are we supposed to do about it? I think we have elected officials. 165 00:14:18,266 --> 00:14:23,947 If you can pick up a phone and call someone, that might be your best option. I think we know that, 166 00:14:23,947 --> 00:14:28,787 you know, voting doesn't seem to help anymore. Maybe it did at one point, but it certainly doesn't 167 00:14:28,787 --> 00:14:33,527 now. But I think we're just seeing sort of the walls close in on the surveillance state. It's 168 00:14:33,527 --> 00:14:39,967 here and it's growing and we're getting real, real, real world use cases that we are, you know, 169 00:14:39,967 --> 00:14:44,907 we're expected to go along with, but there's always the other side that's a little bit darker. 170 00:14:45,807 --> 00:14:49,187 Yeah. I don't know how Peter Thiel sleeps at night. He's a piece of shit. 171 00:14:49,667 --> 00:14:55,787 Okay. We've got a 10 million Bitcoin held in self custody. Uh, so this is, I think down Tony, 172 00:14:55,847 --> 00:15:02,087 you said from, we thought it maybe it was mid 50%. So it's down to 49%. The good news is we're still 173 00:15:02,087 --> 00:15:07,886 at about half of Bitcoin is held in self custody. We need to grow that number, I think immensely. 174 00:15:07,886 --> 00:15:14,407 but Tony as someone who has trained a ton of people on taking proper self-custody you talk 175 00:15:14,407 --> 00:15:19,866 about it all the time what's your assessment of this this chart here? Man laziness and convenience 176 00:15:19,866 --> 00:15:26,386 is a very powerful drug and unfortunately a lot of people are still addicted to it but this time 177 00:15:26,386 --> 00:15:32,067 around you know this laziness and convenience is going to lead to destruction economic financial 178 00:15:32,067 --> 00:15:38,787 destruction. And that's a lesson that I think too many folks are going to have to experience 179 00:15:38,787 --> 00:15:44,886 in order to understand that, you know, relying on a third party for the preservation or the 180 00:15:44,886 --> 00:15:51,626 managing or securing of your money is a definite sign of mental illness. That addiction, that 181 00:15:51,626 --> 00:15:58,847 belief, that stupidity must be killed if you want to move forward into a world where you regain full 182 00:15:58,847 --> 00:16:05,646 control over everything that you put your energy into. So relying on institutions because it's just 183 00:16:05,646 --> 00:16:11,766 easier or because you think it's safer, that is a mirage, my friend. And a mirage is going to dry 184 00:16:11,766 --> 00:16:17,847 up real fast, much sooner than you think. So for all of these boomers with high net worth 185 00:16:17,847 --> 00:16:23,327 individuals that think it's just set it and forget it by buying an ETF or investing in a 186 00:16:23,327 --> 00:16:28,207 shit treasury, well, I have bad news for you, my friend. You're going to have your Lebanon and Iran 187 00:16:28,207 --> 00:16:34,847 moment a lot quicker than you think. If you're in one of these, to the right, we've got exchanges 188 00:16:34,847 --> 00:16:39,746 and custodians, indirect exposure, and some yet to be mined. If you're in the exchanges and 189 00:16:39,746 --> 00:16:45,606 custodians or indirect exposure camp, and you're not happy with number go up so far, it's your 190 00:16:45,606 --> 00:16:50,207 fault. Okay. Run a node, take self custody. It's the only way we can verify that there's not paper 191 00:16:50,207 --> 00:16:54,547 Bitcoin and paper Bitcoin doesn't offer you the promise that you probably signed up for when you 192 00:16:54,547 --> 00:16:59,486 decided to start living on Bitcoin anyway. Greer, what do you have to add to that? 193 00:17:00,087 --> 00:17:06,207 It's just staggering to see how much Bitcoin has gone into custody and the exchanges, especially, 194 00:17:06,806 --> 00:17:13,447 you know, 7 million Bitcoin being held by institutions. I get that there are reputable 195 00:17:13,447 --> 00:17:18,286 partners out there that are holding Bitcoin at scale, but we want to see more people holding 196 00:17:18,286 --> 00:17:24,167 Bitcoin in self-custody with their private keys in their own control. You know, I think that this 197 00:17:24,167 --> 00:17:42,413 red chart probably accounts for three or four million Bitcoin that are lost you know that will never be recovered so I I think that uh the real up call is that too much Bitcoin exists at the institutional level And if your coins are on Coinbase or another exchange 198 00:17:42,833 --> 00:17:48,593 move them into self custody as quickly as possible. Remove the counterparty risk. You don't 199 00:17:48,593 --> 00:17:53,753 need to have that in your life. You'll sleep so much better at night knowing that you control the 200 00:17:53,753 --> 00:18:01,713 keys amen okay we've got uh eric doherty tweeted breaking a massive amount of albertans he doesn't 201 00:18:01,713 --> 00:18:06,693 say a number i have no idea how big this actually is but it seems you know compelling massive amounts 202 00:18:06,693 --> 00:18:11,453 of albertans just formed a huge line to sign a petition to secede from canada and potentially 203 00:18:11,453 --> 00:18:16,933 become the 51st state after gaining independence it's the most conservative canadian province in 204 00:18:16,933 --> 00:18:19,033 An election could be held soon for secession. 205 00:18:19,893 --> 00:18:21,693 This guy welcomes that. 206 00:18:22,173 --> 00:18:25,813 I don't necessarily have a strong opinion about adding a 51st state. 207 00:18:25,873 --> 00:18:27,413 It looks like we're conquering a lot of land. 208 00:18:27,493 --> 00:18:28,853 I'm not sure how much more we need. 209 00:18:29,593 --> 00:18:31,973 But, Tony, you've spent some time in Canada. 210 00:18:32,173 --> 00:18:36,153 I would love to hear your thoughts as to whether or not this seems good, viable. 211 00:18:36,453 --> 00:18:37,793 Are you interested? Do you care? 212 00:18:38,573 --> 00:18:40,793 I don't know how they think it's a good idea. 213 00:18:41,213 --> 00:18:43,873 You know, this is, for me, this is what's a bit puzzling. 214 00:18:43,873 --> 00:18:49,853 you're going from a bad situation to a potentially worse one if you really want to be independent 215 00:18:49,853 --> 00:18:56,793 you base that independence on sound money you don't go you know from one shit system into another one 216 00:18:56,793 --> 00:19:02,973 thinking it's going to somehow be all rosy if they're still using the dollar you know as a as 217 00:19:02,973 --> 00:19:08,733 an independent country then they're not independent at all if they're basing their independence let's 218 00:19:08,733 --> 00:19:14,633 say, on a Bitcoin standard, making that legal tender and, you know, rearranging the standards 219 00:19:14,633 --> 00:19:18,933 and way of life, you know, in that sense, that could be a lot more compelling and potentially, 220 00:19:19,173 --> 00:19:24,893 you know, like an example for other, you know, provinces or countries to follow along. 221 00:19:25,273 --> 00:19:32,513 But to go from, you know, one bad system into another, I think it's a terrible idea and a waste 222 00:19:32,513 --> 00:19:38,573 of time. I'm going to have to disagree. Now, for them, I don't care if Alberta, 223 00:19:38,733 --> 00:19:42,373 joins the United States. I mean, I haven't thought about that except for just looking at the story. 224 00:19:42,513 --> 00:19:48,593 But I think that, first of all, we've got clown world politics here in the U.S., absolutely. 225 00:19:49,273 --> 00:19:54,393 We do have the currency that's going to die last, which I think is advantageous. And also, 226 00:19:54,513 --> 00:19:58,293 we don't have a two-time central banker at the helm, which is what Canada has. Like, 227 00:19:58,293 --> 00:20:04,233 they have opted into direct socialism. We have remnants of a free market in the United States 228 00:20:04,233 --> 00:20:05,293 and a lot of firearms. 229 00:20:05,533 --> 00:20:08,073 So if I had to choose between being in Canada 230 00:20:08,073 --> 00:20:09,773 or being a part of the United States, 231 00:20:09,853 --> 00:20:11,013 it's not even close. 232 00:20:11,113 --> 00:20:11,713 I agree with you. 233 00:20:11,753 --> 00:20:14,073 It's not perfect, but no place is perfect. 234 00:20:14,413 --> 00:20:16,613 And I can understand why Canada would say, 235 00:20:16,713 --> 00:20:18,753 hey, we're going to opt to be the 51st state 236 00:20:18,753 --> 00:20:20,833 over being one of the provinces of Canada. 237 00:20:21,033 --> 00:20:21,793 Yeah, but hold on. 238 00:20:21,833 --> 00:20:23,653 You're trading a central banker 239 00:20:23,653 --> 00:20:26,133 for a central bank digital currency 240 00:20:26,133 --> 00:20:27,793 and a surveillance state. 241 00:20:28,213 --> 00:20:29,653 That's coming everywhere though. 242 00:20:30,593 --> 00:20:32,033 Yeah, but who's leading the way? 243 00:20:32,033 --> 00:20:41,133 uh the uk australia no no the uk the uk is leading the implementation but what tech are 244 00:20:41,133 --> 00:20:46,793 they using where is it coming from yeah they're using us ah there you go that can be outsourced 245 00:20:46,793 --> 00:20:52,233 anywhere the palantir is not gonna it's not like the u.s has a monopoly on making that decision to 246 00:20:52,233 --> 00:20:57,813 implement it palantir is going to sell their technology to israel to all the western europe 247 00:20:57,813 --> 00:21:03,353 to all of our allies and they're going to all do the same thing. So all I'm saying is if I had to 248 00:21:03,353 --> 00:21:08,113 choose what I want to be in a place where generally day to day in a state where I like in a state where 249 00:21:08,113 --> 00:21:13,053 I live, I can do the things I want to do. I can go take a hike in the woods without being fined 250 00:21:13,053 --> 00:21:18,613 like you can in Nova Scotia. I can own as many firearms as I want. Like I'd rather take that 251 00:21:18,613 --> 00:21:22,433 than whatever they're doing in Canada. That's all I'm saying. I think it'd be interesting to look at 252 00:21:22,433 --> 00:21:27,353 two things. You know, Trump has probably made this completely pointless, right? Because he's going to 253 00:21:27,353 --> 00:21:35,393 take over Canada anyway after he secures Greenland. So if you're in Alberta, just wait, you'll be part 254 00:21:35,393 --> 00:21:41,573 of the mix. But it could be interesting to see if Alberta gets special abilities, rights, 255 00:21:41,773 --> 00:21:46,113 designations because they joined the United States. You know, with all the countries saying 256 00:21:46,113 --> 00:21:50,493 that we shouldn't take Greenland, you know, Alberta's not jumping across the border the way 257 00:21:50,493 --> 00:21:55,193 they are in Central America. So I think that's interesting. And the final point is, you know, 258 00:21:55,193 --> 00:22:00,433 the Republicans would probably look at this group of Albertans and say they're ideologically aligned. 259 00:22:00,793 --> 00:22:04,493 There are type of people we control the House, the Senate, the presidency. 260 00:22:04,653 --> 00:22:07,993 We might as well get more voters while we have the chance. 261 00:22:08,313 --> 00:22:12,313 If you were a Republican, I think you'd get this deal done, you know, within a week. 262 00:22:12,813 --> 00:22:15,893 But, you know, at the same time, it's it'll probably happen anyway. 263 00:22:16,653 --> 00:22:18,753 Greer, I don't want to spend too much time. 264 00:22:18,853 --> 00:22:24,273 Is a conservative Canadian, though, sufficiently conservative to be a Republican in the U.S.? 265 00:22:24,273 --> 00:22:42,613 I think that's a great question. I would say if America does acquire Canada, it should be a vassal state. I'm sorry, Canadians, you don't get voting rights, but you get trade between our countries, normalized relations. Maybe it's easier to get across the border and vacation in Florida. 266 00:22:42,613 --> 00:22:48,153 no man if you want if they wanted to make this like a meaningful upgrade they should you know 267 00:22:48,153 --> 00:22:54,373 consider becoming parts of the united arab emirates that would be that would be a significant 268 00:22:54,373 --> 00:22:58,693 that would be a significant upgrade i mean a physical you know geographically they're not 269 00:22:58,693 --> 00:23:05,153 that close but then that's not really a requirement right that's logistically complicated though but i 270 00:23:05,153 --> 00:23:10,333 i i hear your point and uh i think what they're doing is they're saying look this is a terrible 271 00:23:10,333 --> 00:23:15,773 situation, we'll take a less terrible situation, but we'll see. Guys, we spent a lot of time on 272 00:23:15,773 --> 00:23:21,813 that, so we might need to move quickly through some of these. So Mags shared this video. 273 00:23:22,533 --> 00:23:25,013 Actually, hey, let's just watch that. Hopefully you guys can hear this. 274 00:23:25,273 --> 00:23:30,313 China just unveiled a spy drone that looks like a mosquito, and it's smaller than the tip of a 275 00:23:30,313 --> 00:23:36,273 pencil, yet it's a fully functional surveillance device. Measuring just 0.6 centimeters, this tiny 276 00:23:36,273 --> 00:23:42,273 drone is packed with micro cameras and microphones that can record audio capture video and transmit 277 00:23:42,273 --> 00:23:47,073 everything back in real time developed by the national university of defense technology it 278 00:23:47,073 --> 00:23:53,753 flaps its transparent wings 500 times per second weighs only 0.3 grams and is nearly invisible to 279 00:23:53,753 --> 00:23:58,573 radar sure it can only fly for a few minutes but that's enough to sneak into rooms eavesdrop on 280 00:23:58,573 --> 00:24:03,993 conversations scan for threats or gather intel right now it's still a prototype but china claims 281 00:24:03,993 --> 00:24:08,713 it's designed for covert military operations. So next time you see a mosquito, you might want to 282 00:24:08,713 --> 00:24:14,173 look twice. All right, Tony, you had the most frightening take on this. Why don't you tell 283 00:24:14,173 --> 00:24:20,093 people what you think of this technology? Man, I get excited when I see videos like this, 284 00:24:20,113 --> 00:24:26,073 not because of, you know, the potential bad use for it, but because, you know, like we're headed 285 00:24:26,073 --> 00:24:32,533 towards that world. What did you expect the digital era, you know, with full AI to look like? 286 00:24:32,533 --> 00:24:35,593 Of course, you're going to get products like this all over the place. 287 00:24:35,973 --> 00:24:41,553 But the good news is, is that this ability to create these products is available to everyone, 288 00:24:41,773 --> 00:24:42,813 not just governments. 289 00:24:43,793 --> 00:24:49,913 And so we're going to see like a whole cocktail of things we've never imagined possible before. 290 00:24:50,433 --> 00:24:54,833 And I think collectively, that would balance things out. 291 00:24:55,013 --> 00:25:00,013 So it's not all doom and gloom, because there's a lot of intelligent people that will use this 292 00:25:00,013 --> 00:25:06,413 tech, you know, to counter the, you know, potential evil from the other side. But the fact that this 293 00:25:06,413 --> 00:25:12,633 tech is actually possible for a tech guy like myself, this is like Disneyland, man. So this is 294 00:25:12,633 --> 00:25:16,873 why, you know, I smile when I watch these videos. I know it freaks a lot of people out because in 295 00:25:16,873 --> 00:25:21,693 the context that it's being presented right now, yes, this is not a pretty picture. But, you know, 296 00:25:21,733 --> 00:25:26,293 if you zoom out and look at the possibilities, you know, of putting this tech in someone with 297 00:25:26,293 --> 00:25:33,273 good intentions, who can fight off bad people, then you have a more optimistic view on it. 298 00:25:34,133 --> 00:25:39,073 I think the concern for me, Tony, is that in order to build tech like this, you need a lot 299 00:25:39,073 --> 00:25:43,193 of capital. And the people who have a lot of capital are the big tech companies who are in 300 00:25:43,193 --> 00:25:47,033 bed with the government, who don't want average people to be able to defend themselves against 301 00:25:47,033 --> 00:25:52,473 this type of technology. So my concern is that it just becomes monopolized by basically government 302 00:25:52,473 --> 00:25:57,753 in the background and that we never have the access to this now now maybe there's going to 303 00:25:57,753 --> 00:26:01,813 be open source tools and everything and like this doesn't look like you know but like if there are 304 00:26:01,813 --> 00:26:08,313 chips or like other harder to get more expensive components that go into it like it's probably not 305 00:26:08,313 --> 00:26:15,013 like assembling a raspberry pi you know it's it could all prices are going down in a world you 306 00:26:15,013 --> 00:26:27,260 know founded with ai or you know you know like with a lot of ai all over the place it price is not going to go up I mean I don think it costs that much to build something But can we access the supply chains Can we access the supply chains though 307 00:26:27,280 --> 00:26:28,760 Or is that shut off to the general price? 308 00:26:28,760 --> 00:26:30,540 You don't need to access the supply chain. 309 00:26:30,660 --> 00:26:33,040 Most of these components can be 3D printed. 310 00:26:34,160 --> 00:26:39,820 So anyone with access to a 3D printer and an AI giving him the schematics 311 00:26:39,820 --> 00:26:43,260 of exactly what needs to be done, that can be whipped up in 15 minutes. 312 00:26:44,020 --> 00:26:46,140 That's why I'm saying when the genie is out of the box, 313 00:26:46,140 --> 00:26:47,680 It's out of the box for everyone. 314 00:26:48,060 --> 00:26:52,660 You cannot contain this or think it's like exclusively reserved for governments and what 315 00:26:52,660 --> 00:26:53,020 have you. 316 00:26:53,380 --> 00:26:53,960 It's out. 317 00:26:54,040 --> 00:26:55,1000 It's out for 8.3 billion people. 318 00:26:56,140 --> 00:27:01,320 Whoever wants to use it and takes the time to learn it, that ability is in their hands 319 00:27:01,320 --> 00:27:01,760 as well. 320 00:27:02,420 --> 00:27:07,300 So Greer, are you as optimistic that the droids who are going to inject the next pandemic 321 00:27:07,300 --> 00:27:10,280 into the whole world and spy on us are a good thing? 322 00:27:11,600 --> 00:27:14,900 Yeah, I'm in the terrified category. 323 00:27:14,900 --> 00:27:28,920 You know, my brain is thinking like, how do I how do I set up a home defense from mosquito drones so that they can't, you know, eavesdrop on me and then sell me advertising or sell me products through advertising? 324 00:27:28,920 --> 00:27:30,540 Because I think that's where this goes. 325 00:27:30,900 --> 00:27:32,360 You know, this is all about big data. 326 00:27:32,800 --> 00:27:35,440 Yeah, it's used initially for covert activities. 327 00:27:35,680 --> 00:27:43,380 But then every small business in your city is going to be sending out swarms of drones to get customer data feedback. 328 00:27:43,380 --> 00:27:44,300 What are they thinking? 329 00:27:44,300 --> 00:28:14,280 What are they listening to? Are they going to be likely to buy my product? You know, I think the defense technology is going to be a natural, a natural reaction. You know, this is just physics at work here in the drone category. So I'm hopeful that we can develop some autonomous response to this. But, you know, overall, I say, goodness, send me back in time. You know, I want to go live on a farm somewhere. Horses, you know, drink out of a well. I'm ready for the Stone Age. 330 00:28:14,300 --> 00:28:20,300 my takeaway is i do not have enough shotgun shells if this is the world will soon inhabit 331 00:28:20,300 --> 00:28:26,700 so i think i'm going to be stocking up all righty wild inversion move tonight and this was from 332 00:28:26,700 --> 00:28:32,040 uh two days ago wild move tonight is gold surge to a new all-time high while bitcoin moved the 333 00:28:32,040 --> 00:28:36,320 opposite direction i mean this is a crazy chart to look at if you're watching this online uh if 334 00:28:36,320 --> 00:28:42,560 you're not uh basically you can just see a great giant green candle for gold and bitcoin dumps uh 335 00:28:42,560 --> 00:28:47,560 Tony, man, it feels like it's taken forever for people to sniff out what Bitcoin is. 336 00:28:47,680 --> 00:28:55,920 They're sniffing out what's going on geopolitically, obviously, and going to the old pet rock that we've all played with for so long. 337 00:28:56,100 --> 00:28:58,360 But what do you think is happening here? 338 00:28:58,900 --> 00:29:02,620 Man, this is why I keep telling you, you can't be bearish enough on human IQ. 339 00:29:03,100 --> 00:29:08,100 Most people don't think, most people don't take the time to learn anything new. 340 00:29:08,100 --> 00:29:12,460 They just react, you know, and this is clearly a panic chart. 341 00:29:12,560 --> 00:29:17,480 people are fearful of you know whatever it is that they're fearful of and they're just acting 342 00:29:17,480 --> 00:29:25,800 on instinct not on knowledge on instinct because gold cannot function in the digital world it's like 343 00:29:25,800 --> 00:29:31,840 you know buying fax machines because you don't trust email like that's how retarded this looks 344 00:29:31,840 --> 00:29:36,860 to me and it's you know it's just a question of time before this reverses and the thing is when 345 00:29:36,860 --> 00:29:41,840 it does i think it's going to come crashing down you know for for the gold bugs because they're 346 00:29:41,840 --> 00:29:47,580 they're quickly going to realize that okay so we had our moment of fear but you know obviously it 347 00:29:47,580 --> 00:29:52,640 was not the right decision and we need to go somewhere that actually makes sense for the 348 00:29:52,640 --> 00:30:00,100 future and gold is not it no precious metals has you know like a long lifespan utility wise 349 00:30:00,100 --> 00:30:07,160 in a digital world it's as simple as that yeah i i agree greer you think there's any uh signal here 350 00:30:07,160 --> 00:30:10,220 or just dumb people making the wrong trade? 351 00:30:10,640 --> 00:30:12,140 I think Bitcoin is really liquid. 352 00:30:12,500 --> 00:30:17,380 So if you're Japan and you're looking at the rising yield and their bonds, 353 00:30:17,560 --> 00:30:20,700 I think that we're seeing a lot of this play out 354 00:30:20,700 --> 00:30:24,040 because of the Japan carry trade that's unwinding. 355 00:30:24,520 --> 00:30:27,220 I also think that the president of the United States 356 00:30:27,220 --> 00:30:31,800 can jump on his social platform and cause markets to shift. 357 00:30:31,800 --> 00:30:34,280 And I think because Bitcoin is the most liquid, 358 00:30:34,280 --> 00:30:39,520 if you're in trouble, it will be the first thing you sell. If you're a Bitcoiner, you know, this is 359 00:30:39,520 --> 00:30:44,440 this is great. You know, I think after a year of sideways trading, we're probably all pretty 360 00:30:44,440 --> 00:30:50,220 emotionally hardened. I would say that this, you know, going from 94 to 90, if even if we went down 361 00:30:50,220 --> 00:30:55,1000 to the 80s, it's not it's not that big of a deal. It's just a good time to buy sats. And I think if 362 00:30:55,1000 --> 00:31:01,820 you're someone who's invested in gold, just like Tony said, you know, this is old tech. It's only 363 00:31:01,820 --> 00:31:06,380 going to be rotated into Bitcoin eventually. Maybe it won't happen today, but I think that 364 00:31:06,380 --> 00:31:11,800 we're going to see a lot of gold surges be mirrored by Bitcoin as scarcity increases, 365 00:31:12,120 --> 00:31:17,600 as education increases. So, you know, this is one of the benefits of being early, early to Bitcoin. 366 00:31:18,740 --> 00:31:22,960 I agree. All righty, guys, let's jump to this last one here. So Lola Leach shared, 367 00:31:23,300 --> 00:31:28,160 would anyone from Zcash like to clarify who in the fresh hell thought it was a good idea to 368 00:31:28,160 --> 00:31:34,060 appoint a guy from world coin is the interim ceo of a quote privacy product i'm putting that in 369 00:31:34,060 --> 00:31:39,460 quotes because i'm less confident uh so this guy stephen smith is now the interim ceo of electric 370 00:31:39,460 --> 00:31:44,500 coin company primary developer of the z cash currency and he used to be with uh tools for 371 00:31:44,500 --> 00:31:49,840 humanity as the head of protocol and applied research so basically a guy who's grifting you 372 00:31:49,840 --> 00:31:54,920 know spying on people or at least part of a project that spies on people is now in charge of a privacy 373 00:31:54,920 --> 00:32:02,240 product supposedly uh tony uh shitcoin land is just it's peaking in clown world uh yeah man i'm 374 00:32:02,240 --> 00:32:07,100 not gonna waste any time and energy trying to dissect this level of stupidity it was a shit 375 00:32:07,100 --> 00:32:12,040 coin to begin with so everything that comes around along with it you know it's going to be 376 00:32:12,040 --> 00:32:19,540 you know at the same level so next yeah career anything you'd add i echo that this is probably 377 00:32:19,540 --> 00:32:26,200 the least surprising news. Of course, a shitcoin company is going to hire someone who scanned 378 00:32:26,200 --> 00:32:33,280 people's eyeballs to fairly distribute crypto, which is what WorldCoin did or does. I don't know 379 00:32:33,280 --> 00:32:38,820 if it's a failed project or not. But yeah, I think that they're working as hard as they can 380 00:32:38,820 --> 00:32:43,500 to create the alternative to Bitcoin. And I think that's another reason why we see the price being 381 00:32:43,500 --> 00:32:49,380 held down. The institutions are acquiring it as quickly as they can. And I think that the other 382 00:32:49,380 --> 00:32:54,600 side is working on building something that's viable. But, you know, they're grasping at straws. 383 00:32:54,1000 --> 00:33:00,740 It's not going to happen as much as they kick and scream. And Bitcoin's here to stay. So I think 384 00:33:00,740 --> 00:33:06,360 it's a shame that people waste so much time working on cryptocurrencies. Put all that energy 385 00:33:06,360 --> 00:33:11,600 and effort into Bitcoin. And I think the world would be instantly better. It would be better 386 00:33:11,600 --> 00:33:18,020 overnight if we saw all of the time and talent and thought power going in towards more Bitcoin 387 00:33:18,020 --> 00:33:22,880 adoption. I completely agree with that. Guys, that's a good place to wrap up. Thank you for 388 00:33:22,880 --> 00:33:27,740 both for being here for everyone who tuned in. Really appreciate it. Do us a favor. Stick around 389 00:33:27,740 --> 00:33:30,680 for another minute. You can learn about the Bitcoin way, how we can help you with proper 390 00:33:30,680 --> 00:33:34,340 self-custody, everything else that we do. And we will be back again here very soon. 391 00:33:34,580 --> 00:33:38,140 Gents, we'll talk later. Thanks, guys. Thank you. Cheers. 392 00:33:38,680 --> 00:33:42,540 Hey there. Thank you for tuning into Bitcoin Banter. 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