1
00:00:00,000 --> 00:00:03,940
This is the game, man, that's being played over and over and over again.

2
00:00:04,060 --> 00:00:05,220
It's always about the money.

3
00:00:05,520 --> 00:00:12,460
There's nothing else that incentivizes this level of evil and corruption other than pure, pure greed.

4
00:00:12,880 --> 00:00:20,260
I don't know how many times you would have to hit me over the head with a crowbar to keep $30,000 worth of USDC on a ledger.

5
00:00:20,500 --> 00:00:22,100
I don't even know where to begin with this.

6
00:00:22,300 --> 00:00:29,140
When you're in a situation like this person described here, the fact that Bitcoin is permissionless gives him a chance to survive.

7
00:00:29,140 --> 00:00:31,760
And I think we should be focused on that quite a bit more.

8
00:00:32,360 --> 00:00:36,220
You've been lied to, you've been duped, and you've been separated from your coins.

9
00:00:36,460 --> 00:00:39,700
When you sold, it didn't just vanish into the ether.

10
00:00:40,040 --> 00:00:45,980
There were players absorbing your coins at a massive, massive discount and laughing at you.

11
00:00:51,460 --> 00:00:54,320
Hey everyone, welcome to another episode of Bitcoin Banter.

12
00:00:54,460 --> 00:00:55,880
I have Greer and Tony with me.

13
00:00:56,000 --> 00:00:56,980
Guys, let's jump right in.

14
00:00:57,040 --> 00:00:58,760
We're going to start by watching a video here.

15
00:00:58,760 --> 00:01:04,420
Unfortunately, I am spiraling and I have put on my tinfoil hat and I am going to present a hypothesis.

16
00:01:04,920 --> 00:01:07,800
I do not think that this is about the Epstein files.

17
00:01:08,120 --> 00:01:09,680
Hear me out before you get angry.

18
00:01:10,160 --> 00:01:18,060
On January 3rd, 2026, when we invaded Venezuela and captured Maduro, we took temporary control of Venezuela's oil exports and commerce.

19
00:01:18,300 --> 00:01:21,120
Venezuela has the largest oil reserve in the world.

20
00:01:21,380 --> 00:01:27,780
At first, this did not make complete sense because we cannot necessarily use Venezuela's oils because of the crudeness of it.

21
00:01:27,780 --> 00:01:33,120
but technically we do control their oil sales right now. The largest beneficiaries of Venezuelan

22
00:01:33,120 --> 00:01:39,200
oil is China, Russia, and Cuba. The other country that China currently gets a majority of their oil

23
00:01:39,200 --> 00:01:44,840
reserves from is Iran. Besides Iranian leadership under this current regime, we are currently

24
00:01:44,840 --> 00:01:50,700
targeting Iranian naval bases. Why? Because Iranian naval bases are currently attempting to defend

25
00:01:50,700 --> 00:01:57,040
the Strait of Hormuz. The Strait of Hormuz is a key shipping lane to be able to get oil to China.

26
00:01:57,040 --> 00:02:05,660
China knew that this was going to happen because they have been stockpiling oil reserves since January when the US invaded Venezuela.

27
00:02:06,180 --> 00:02:10,100
They currently have enough oil to last them for approximately 100 days.

28
00:02:10,240 --> 00:02:12,780
But what happens when that 100 days winds down?

29
00:02:12,960 --> 00:02:15,740
Their manufacturing completely stalls.

30
00:02:16,140 --> 00:02:17,520
But that's not where this stops.

31
00:02:17,780 --> 00:02:23,840
Look at the Q3-Q4 GDP report from the Bureau of Economic Analysis which is released by this administration.

32
00:02:23,840 --> 00:02:32,480
On page 2 of both reports, you will see that the Q3-Q4 GDP is currently being propped up by increased defense spending.

33
00:02:32,800 --> 00:02:37,460
Now, who is currently the biggest beneficiary of U.S. production of defense systems?

34
00:02:37,940 --> 00:02:40,620
It is not Israel. It is Saudi Arabia.

35
00:02:41,080 --> 00:02:45,900
Which country is currently trying to backfill China's oil reserve depletion?

36
00:02:46,320 --> 00:02:47,260
Saudi Arabia.

37
00:02:47,260 --> 00:02:55,500
Saudi Arabia is currently the biggest beneficiary of us invading Venezuela and capturing Maduro and also us invading Iran.

38
00:02:55,760 --> 00:03:06,360
Our biggest customer of the export that is currently propping up our economy is simultaneously the only country that is currently supplying China with oil.

39
00:03:06,740 --> 00:03:11,840
Now, why is the U.S. currently engaging in hypocrisy by propping up Saudi Arabia?

40
00:03:11,840 --> 00:03:15,740
$1 billion in two Trump towers in Jeddah and Riyadh.

41
00:03:15,900 --> 00:03:20,500
$2 billion from Saudi Arabia's sovereign wealth fund into Jared Kushner's private equity fund.

42
00:03:20,760 --> 00:03:29,240
$2 billion into Trump's stablecoin, a $5.5 billion Trump golf course developed by a Saudi Arabia developer.

43
00:03:29,700 --> 00:03:31,260
Follow the fucking money.

44
00:03:32,040 --> 00:03:33,080
All righty.

45
00:03:33,160 --> 00:03:35,360
So follow the money, everyone.

46
00:03:35,540 --> 00:03:39,920
It's an interesting thesis and certainly something I'd be open-minded to.

47
00:03:39,920 --> 00:03:45,860
I don't know that I have a real hard stance on why we're doing what we're doing here in the United States.

48
00:03:46,080 --> 00:03:47,960
But obviously, it's all insanity.

49
00:03:48,860 --> 00:03:50,760
Tony, I would love to hear your take on this.

50
00:03:51,320 --> 00:03:54,140
What's the difference between a politician and a prostitute?

51
00:03:56,120 --> 00:03:57,340
Not much, right?

52
00:03:58,500 --> 00:03:59,480
Say nothing.

53
00:04:00,900 --> 00:04:01,840
There's a difference?

54
00:04:02,280 --> 00:04:08,240
Well, this is the game, man, that's being played over and over and over again.

55
00:04:08,240 --> 00:04:09,580
It's always about the money.

56
00:04:09,580 --> 00:04:18,400
There is nothing else that incentivizes this level of evil and corruption other than pure, pure greed.

57
00:04:18,840 --> 00:04:28,080
Right. And so if you want to go down the rabbit hole, I mean, you can just, you know, take the story and just rewind, you know, many, many years.

58
00:04:28,080 --> 00:04:31,980
And you'll see that the script has always been similar.

59
00:04:31,980 --> 00:04:39,000
The narratives that they push out, you know, onto the public are the farthest thing away from what's actually going on.

60
00:04:39,000 --> 00:04:45,220
but you know again this is all part of the same same script and it's all related to that same

61
00:04:45,220 --> 00:04:51,420
broken money and so now at least you know there's an opportunity for the world to move away from

62
00:04:51,420 --> 00:04:56,500
this but clearly it's not going to happen overnight because you know people are slow people are

63
00:04:56,500 --> 00:05:01,760
ignorant people just you know live within their own their own shadows and you know often refuse

64
00:05:01,760 --> 00:05:08,520
to look you know outside the box but you know now we have an option you know the sound money that

65
00:05:08,520 --> 00:05:11,620
It puts an end to all of these corrupt games.

66
00:05:11,840 --> 00:05:22,740
But it's going to take some time before enough people move away so that it actually makes a difference and impacts real change in the world.

67
00:05:22,740 --> 00:05:29,480
This whole Iran thing, I don't think is going to last very long because clearly it's just a deal, right?

68
00:05:29,580 --> 00:05:32,920
And so they have to let it play out just so that it looks a certain way.

69
00:05:33,440 --> 00:05:37,480
And then before you know it, something else will be announced and people will forget about this overnight.

70
00:05:38,520 --> 00:05:44,140
Yeah, I think that's probably right. The other, I guess maybe the other comment I would have is

71
00:05:44,140 --> 00:05:50,800
when it comes to my open mindedness about could this just be a financial play for Trump?

72
00:05:51,360 --> 00:05:56,840
I think the it's important for people to understand, like my worldview is that the

73
00:05:56,840 --> 00:06:03,480
depths of human depravity are very hard to comprehend. And so for you to imagine that a

74
00:06:03,480 --> 00:06:08,520
guy would say yes to bombing Iran because of financial interests he has in a particular

75
00:06:08,520 --> 00:06:14,300
country. It might sound crazy. I don't think it is. I'm not saying it's necessarily my base case,

76
00:06:14,300 --> 00:06:20,420
but it adds up. Greer, you think this passes the smell test? I was thinking the exact phrase. I was

77
00:06:20,420 --> 00:06:25,580
I was thinking this kind of does pass the smell test, you know, a president being bribed in order

78
00:06:25,580 --> 00:06:31,200
to attack another country. But it also helps one of his allies. You know, they probably look at this

79
00:06:31,200 --> 00:06:36,080
and think there's a lot in the win column. And I hope, you know, for everyone's sake that it ends

80
00:06:36,080 --> 00:06:41,560
quickly. But my fear is that this actually does drag out longer than anticipated. I think that'd

81
00:06:41,560 --> 00:06:47,940
be the bad news for the US. But ultimately, you know, Bitcoin defunds wars. And one of the things

82
00:06:47,940 --> 00:06:53,360
that Bitcoiners say is, you know, if we move to a Bitcoin standard, war will become unaffordable.

83
00:06:53,720 --> 00:07:00,320
And I think that's true. Another thing is that Bitcoin forces everyone to play by the same rules.

84
00:07:00,320 --> 00:07:07,260
Imagine going to your people and saying, hey, you have to give us your Bitcoin so that we can produce missiles at a million dollars a pop.

85
00:07:07,480 --> 00:07:09,320
I don't see a world where that happens.

86
00:07:09,320 --> 00:07:21,740
So I think when we're looking at what Bitcoin can do for humanity, it it outroots all of these things that are exist in in today's world that are that are just so untenable.

87
00:07:22,480 --> 00:07:28,640
So, you know, to me, like Bitcoin being the answer to a lot of our problems is just plain to see right now.

88
00:07:28,640 --> 00:07:30,640
War would become unaffordable.

89
00:07:30,640 --> 00:07:33,640
And so hopefully over time we get to that.

90
00:07:33,640 --> 00:07:38,640
But, you know, I think at the end of the day, we hopefully this this war won't last very long.

91
00:07:38,640 --> 00:07:40,640
Unfortunately, I think it might.

92
00:07:40,640 --> 00:07:41,640
Yeah, absolutely.

93
00:07:41,640 --> 00:07:53,349
And in the meantime our prayers go out to the people tangled up in this whole mess Alrighty Oh one other comment Tony we talked about this on our live stream yesterday I think this is really fascinating

94
00:07:53,509 --> 00:07:58,549
And Greer, you sort of touched on this, but this is a post from 2019 that someone had said,

95
00:07:58,549 --> 00:08:02,489
there's not anything you can do with Bitcoin for, you know, like Apple Pay can't do better.

96
00:08:02,729 --> 00:08:08,629
And this Iranians spoke up and said, well, actually, no, I can't use Apple Pay, PayPal, Visa, any of these things.

97
00:08:09,229 --> 00:08:10,509
I can use Bitcoin.

98
00:08:10,629 --> 00:08:11,689
So what do you have to say to that?

99
00:08:11,689 --> 00:08:24,289
And I think that's an important point is that this is the sort of max pain, I think, that we talk about a lot that is required of people to understand that there could be a solution and to go find it in Bitcoin.

100
00:08:24,709 --> 00:08:29,349
So either you can chime in on that, but just wanted to make that comment before we move past the war.

101
00:08:29,349 --> 00:08:48,129
Yeah, man, there's going to be a crash course for folks to understand the difference between having access and having ownership. In a country where, you know, your cards, you know, still work for the most part, you know, gives you the impression that you own your funds until the day comes where, you know, the rules change for whatever reason.

102
00:08:48,129 --> 00:08:52,809
and then you are no different than an Iranian who can't buy anything.

103
00:08:53,509 --> 00:08:57,849
And so you don't want to leave yourself susceptible to a product

104
00:08:57,849 --> 00:09:03,229
that is abused or can be abused by a handful of people

105
00:09:03,229 --> 00:09:04,809
on any given moment in time.

106
00:09:05,549 --> 00:09:07,989
Bitcoin is the neutral ground here.

107
00:09:08,169 --> 00:09:10,149
Nobody controls it, nobody can corrupt it,

108
00:09:10,149 --> 00:09:13,409
and nobody can stop you from transacting in it.

109
00:09:13,709 --> 00:09:16,849
And you don't need anybody's permission or blessing to use it.

110
00:09:16,849 --> 00:09:23,749
You simply need to understand that this is money and learn what the steps are in order to transact from point A to point B.

111
00:09:24,469 --> 00:09:39,089
So, you know, those delusional people that are still living in places where things still work, those are the ones that, in my opinion, are going to wake up to a very violent reality that they think simply stop.

112
00:09:39,549 --> 00:09:41,569
And believe me, that day is coming.

113
00:09:41,569 --> 00:09:47,969
you just look back to last weekend if you had asked you know people living in dubai if they

114
00:09:47,969 --> 00:09:54,589
ever dreamt of a day where you know they'd have missiles flying over their heads they'd laugh at

115
00:09:54,589 --> 00:10:01,629
you i promise you no one is laughing anymore and so the same thing is going to happen when the money

116
00:10:01,629 --> 00:10:08,209
gets restricted because it will that entire system is dead it's on borrowed time and it's just a

117
00:10:08,209 --> 00:10:14,869
matter of time when something very unsophisticated is going to happen and then that light switch is

118
00:10:14,869 --> 00:10:20,189
going to go off. So brace yourselves. Yeah, I think one of the strongest features of Bitcoin

119
00:10:20,189 --> 00:10:25,629
is that it's permissionless. You don't need permission from Visa, MasterCard, your bank

120
00:10:25,629 --> 00:10:31,209
account. You don't need permission from anyone to save or transact in it. And we don't highlight

121
00:10:31,209 --> 00:10:36,609
that enough. But when you're in a situation like this person described here, the fact that Bitcoin

122
00:10:36,609 --> 00:10:43,069
is permissionless gives him a chance to survive. And I think we should be focused on that quite a

123
00:10:43,069 --> 00:10:48,589
bit more. I completely agree. Enough of the number go up, hopium, and let's talk more about those

124
00:10:48,589 --> 00:10:53,729
attributes of Bitcoin. All righty, up next, we have California law is going to require Linux and

125
00:10:53,729 --> 00:11:00,569
Windows to implement age verification by January of 2027. It says that this law signed by Governor

126
00:11:00,569 --> 00:11:02,369
by Governor Gavin Newsom

127
00:11:02,369 --> 00:11:04,129
requires all operating systems

128
00:11:04,129 --> 00:11:05,869
from Mac to FreeBSD

129
00:11:05,869 --> 00:11:07,209
to implement age verification

130
00:11:07,209 --> 00:11:09,129
at the system level this year.

131
00:11:10,369 --> 00:11:12,729
Tony, would you like to give everyone

132
00:11:12,729 --> 00:11:17,209
a crash course on open source technology?

133
00:11:18,009 --> 00:11:18,969
Jesus Christ, man.

134
00:11:19,049 --> 00:11:20,169
Like how do you get a donkey

135
00:11:20,169 --> 00:11:21,149
to speak publicly?

136
00:11:21,449 --> 00:11:22,609
You know, just listen to this guy.

137
00:11:23,609 --> 00:11:26,949
The only maybe that might work

138
00:11:26,949 --> 00:11:28,189
in his retarded plan

139
00:11:28,189 --> 00:11:31,849
is if Microsoft and Apple go along with this.

140
00:11:32,469 --> 00:11:36,009
But if he thinks the open source world

141
00:11:36,009 --> 00:11:39,049
is going to allow or adopt this,

142
00:11:39,569 --> 00:11:41,469
he is way more delusional

143
00:11:41,469 --> 00:11:43,849
than I ever thought possible.

144
00:11:44,209 --> 00:11:45,349
It's just not going to work.

145
00:11:45,929 --> 00:11:49,009
So if they do implement this stupidity

146
00:11:49,009 --> 00:11:51,389
on macOS and the Windows,

147
00:11:51,509 --> 00:11:53,629
first of all, I suspect these companies

148
00:11:53,629 --> 00:11:57,589
are going to lose a tremendous number of sales.

149
00:11:57,589 --> 00:12:08,189
So from a business standpoint, I don't think that's a very smart decision, considering it's only California that's, you know, suggesting these brilliant ideas.

150
00:12:08,629 --> 00:12:14,749
It will not work, in my opinion, and it will certainly fail on the open source ecosystem.

151
00:12:15,429 --> 00:12:25,129
Yeah, all you need is a handful of rebellious, anarchist type of cypherpunks to say, no, we're just going to you're going to have to play whack-a-mole with us and try catching us.

152
00:12:25,129 --> 00:12:32,089
you know, and they have the tools and the privacy considerations and inclinations to,

153
00:12:32,089 --> 00:12:35,629
I think, make it incredibly difficult on the state. Greer, what's your take?

154
00:12:36,189 --> 00:12:41,989
Yeah, this is him getting ready for his 2028 presidential campaign, in my opinion. You know,

155
00:12:42,049 --> 00:12:47,889
if he runs, this is what's going to come to the rest of America. I could only see this driving

156
00:12:47,889 --> 00:12:52,749
users to go purchase their computers out of state. You know, it looks like it would only be in

157
00:12:52,749 --> 00:12:58,569
California. And if that's true, you know, goodbye to every Apple and Windows, whatever, Microsoft

158
00:12:58,569 --> 00:13:03,149
store, because I don't I don't think people are going to put up with this. But this is the type

159
00:13:03,149 --> 00:13:10,549
of power that is absolutely corrosive to freedom. And I think, yes, open source tools are an option

160
00:13:10,549 --> 00:13:15,489
here. Hopefully those would work and they don't take it to the next step of trying to ID the

161
00:13:15,489 --> 00:13:23,729
entire web. But really, the push to do this is just so anti-freedom. I'm hoping that we hear a

162
00:13:23,729 --> 00:13:29,769
lot of voices push back on this. Just an absolutely awful idea. The internet was so valuable because

163
00:13:29,769 --> 00:13:35,169
it was unrestricted freedom where you could learn and develop communities and find your hobbies.

164
00:13:35,849 --> 00:13:41,649
And it's become something quite darker. And I hope this fails. We'll have yet to see what happens.

165
00:13:41,649 --> 00:13:50,109
But I think if he if he does look towards a presidential term, you know, expect this to be in this type of thing to be part of his administration.

166
00:13:50,489 --> 00:13:55,149
I think he'll lose also. But I'm just saying, like, this is a shot across the bow.

167
00:13:56,049 --> 00:14:03,049
Yeah, I don't I don't really much care for any politicians, obviously, but he would be a particularly large train wreck.

168
00:14:03,049 --> 00:14:10,129
So we'll see what happens. All right, guys, TFTC reported that institutional adoption is accelerating fast.

169
00:14:10,129 --> 00:14:13,809
They highlight 60% of top US banks are building Bitcoin products.

170
00:14:13,929 --> 00:14:18,009
90% of Barron's top 50 RIA firms have Bitcoin allocation.

171
00:14:18,449 --> 00:14:22,149
And over half of the top 25 hedge funds have a Bitcoin allocation.

172
00:14:22,829 --> 00:14:26,849
Again, not something we get particularly excited about, but I think it's telling.

173
00:14:27,069 --> 00:14:35,389
It's a signal amongst all the noise that the people who have a lot to gain and a lot to lose are beginning to bet more and more on Bitcoin.

174
00:14:35,689 --> 00:14:35,889
Tony.

175
00:14:37,069 --> 00:14:37,749
Yeah, man.

176
00:14:37,749 --> 00:14:43,889
And I mean, for all of those that were running scared over the last few weeks, selling their Bitcoin, thinking that the world's going to end.

177
00:14:44,569 --> 00:14:46,589
This is, you know, this is your wake up call.

178
00:14:46,929 --> 00:14:55,489
You've been lied to, you've been duped and you've been separated from your coins because when you sold, it didn't just, you know, vanish into the ether.

179
00:14:55,489 --> 00:15:02,769
There were players absorbing your coins at us at a massive, massive discount and laughing at you.

180
00:15:03,569 --> 00:15:04,769
And these are these players.

181
00:15:05,429 --> 00:15:07,669
The institutions know what Bitcoin is.

182
00:15:07,749 --> 00:15:22,829
They understand what it represents. So what their play is, is to accumulate as much of it as possible, not to control it, but to build like an ecosystem of custodied services over it.

183
00:15:22,829 --> 00:15:44,857
So that the majority of the people remain dependent on these services rather than having them go out and buy Bitcoin themselves and truly you know experiencing what financial freedom and generational wealth looks like So that is the result of mass ignorance And of course you know

184
00:15:44,937 --> 00:15:51,837
emotional roller coasters founded on lack of substance for, you know, so to speak. And these

185
00:15:51,837 --> 00:15:55,897
games are going to continue to happen. It's literally like taking candy from a child. And I'm

186
00:15:55,897 --> 00:16:02,817
hoping more people you know snap out of uh of this of of this of this like retarded you know

187
00:16:02,817 --> 00:16:09,097
play that they've been repeating cycle after cycle um and finally understand that the future of money

188
00:16:09,097 --> 00:16:16,597
is uh is bitcoin and it's full ownership you don't need the institutions anymore you know that entire

189
00:16:16,597 --> 00:16:25,117
world became optional as of 2009 it just requires you to understand how it works and no one is too

190
00:16:25,117 --> 00:16:30,997
dumb to learn a few new steps. Yeah, I know it sounds self-serving, but I would encourage

191
00:16:30,997 --> 00:16:36,397
everyone to have your Bitcoin podcasts on 24-7. If your level of conviction was such that you were

192
00:16:36,397 --> 00:16:42,017
selling the last couple of months because the price was dipping, you and Greer, I'll let you

193
00:16:42,017 --> 00:16:47,397
run with this because I know this is a big topic for you, but I think there are a lot of people who

194
00:16:47,397 --> 00:16:52,657
don't realize you're running out of time. And if you can streamline your education to get the sort

195
00:16:52,657 --> 00:16:58,197
of conviction that we have in Bitcoin. So you're not selling at 60,000. Your whole life is going to

196
00:16:58,197 --> 00:17:03,337
be so much better for it, in my opinion. Greer, what are your thoughts? Yeah. Bitcoin is a pie

197
00:17:03,337 --> 00:17:09,097
with 21 million slices and we're in the midst of a pie eating contest. So, you know, you got to go

198
00:17:09,097 --> 00:17:14,277
out there and get one slice and go back for seconds. Because once if you miss the opportunity,

199
00:17:14,277 --> 00:17:17,957
then it's going to be gone. You know, Bitcoin, where's it going to be five years from now,

200
00:17:18,037 --> 00:17:22,637
10 years from now? Do you think it'll be where it is today? Answer is no. Yes, we'll have dips,

201
00:17:22,657 --> 00:17:39,317
We'll have buying opportunities. I think the lesson is don't over leverage yourself. Don't get don't have anxiety for the amount of Bitcoin you have. Just diligently stack every single week whenever you're able to forget about it, put it away and use it as your savings account.

202
00:17:39,317 --> 00:17:44,397
You know, I think if you look at the American way of life, we're all living paycheck to paycheck.

203
00:17:44,637 --> 00:17:47,377
There's too much credit card debt, too much debt in general.

204
00:17:47,917 --> 00:17:53,257
You know, Bitcoin introduces or reintroduces savings, savings that can't be confiscated.

205
00:17:53,497 --> 00:18:04,057
And wouldn't that be a wonderful thing if Americans said, you know what, I'm going to start a savings account on Bitcoin and I'm going to save whatever your goal is, a thousand dollars a year, five thousand a year.

206
00:18:04,057 --> 00:18:09,057
Just put it in Bitcoin. And this is the opportunity to do it.

207
00:18:09,057 --> 00:18:11,317
Forget about getting to a certain number.

208
00:18:11,677 --> 00:18:12,497
Just start stacking.

209
00:18:13,677 --> 00:18:14,117
Well said.

210
00:18:14,977 --> 00:18:15,297
Okay.

211
00:18:15,677 --> 00:18:22,557
The Anthropics CEO, Dario Amode, he says that the government is buying data on Americans

212
00:18:22,557 --> 00:18:23,897
and analyzing it with AI.

213
00:18:24,137 --> 00:18:25,337
That actually isn't illegal.

214
00:18:25,617 --> 00:18:27,997
It was just never useful before the era of AI.

215
00:18:28,457 --> 00:18:31,617
Domestic mass surveillance is getting ahead of the law.

216
00:18:32,217 --> 00:18:33,137
No shit.

217
00:18:33,957 --> 00:18:35,977
I think we've known this for a while, though.

218
00:18:35,977 --> 00:18:43,137
I mean, I know AI makes it a lot easier for them, but we had the whole NSA thing under Obama and all like this has been going on for forever.

219
00:18:43,217 --> 00:18:47,357
The Patriot Act under Bush. Greer, what do you think of this?

220
00:18:47,577 --> 00:18:52,857
Yeah, this is this is just bad news. Remember when I think it was AT&T, but I could be wrong.

221
00:18:52,957 --> 00:18:57,457
They said they were handing over metadata and it's not your personal information. It's just metadata.

222
00:18:58,197 --> 00:19:04,157
Well, of course, now with the advances in AI, they can make sense of any data, no matter what it looks like.

223
00:19:04,157 --> 00:19:27,577
And so, yeah, this should send chills down your spine. I think the biggest thing that I'm thinking about now is how important it is just to get a privacy phone, you know, get Graphene OS installed onto a Pixel or another type of phone and get off the grid. You know, they don't have a right to surveil you. You have a right to privacy, but you have to take ownership of it. You know, it's never been more important than ever.

224
00:19:27,577 --> 00:19:31,917
We talk about how dangerous doom scrolling is watching short form videos.

225
00:19:32,117 --> 00:19:33,977
You know, they they lower your intelligence.

226
00:19:34,697 --> 00:19:37,477
And I think just we need to completely reset.

227
00:19:37,757 --> 00:19:40,377
You know, the mobile experiment has been damaging.

228
00:19:40,377 --> 00:19:42,937
It's time to communicate in a way that's private.

229
00:19:42,937 --> 00:19:46,437
So for me, that is that's the thing I'm thinking about most.

230
00:19:46,977 --> 00:19:48,797
Well said, Tony, what do you think?

231
00:19:48,797 --> 00:19:52,757
I mean, this this just highlights that there is no judicial system.

232
00:19:52,837 --> 00:19:54,097
There are no laws.

233
00:19:54,097 --> 00:20:01,837
Because, you know, it can't be more crystal clear now that, you know, we've been living a lie for, you know, for the longest time.

234
00:20:02,277 --> 00:20:06,917
You have a criminal cartel that is in charge of pretty much everything around you.

235
00:20:06,917 --> 00:20:16,297
And the world has been duped to believe that that system is what we should listen to and adhere to and follow along with.

236
00:20:16,697 --> 00:20:19,397
So when you read posts like this, what does it tell you?

237
00:20:19,397 --> 00:20:30,077
To me, it tells me like it's almost as ridiculous as, you know, assuming a serial killer will write a law that makes murder illegal.

238
00:20:32,277 --> 00:20:32,917
Right?

239
00:20:33,197 --> 00:20:34,917
It's never going to happen.

240
00:20:35,457 --> 00:20:42,157
So when you understand who's making these laws, then a lot of things just fall into place.

241
00:20:42,697 --> 00:20:48,557
To rewind a little bit back a couple of days with this whole Jane Street, you know, price manipulation thing.

242
00:20:48,557 --> 00:20:57,457
What they did is also not illegal because, you know, they've been granted legal exemptions, something that's been handed over to maybe four companies.

243
00:20:58,097 --> 00:21:02,497
So again, rules for some people and not for the majority.

244
00:21:02,497 --> 00:21:19,037
So when you keep giving credibility to the system that is just writing bullshit to ensure that whatever they do succeeds and whatever you do fails, what do you expect to happen?

245
00:21:19,637 --> 00:21:29,677
So since you can't fight that giant octopus, the only thing you can do is leave it, like opt out of their ecosystem.

246
00:21:29,677 --> 00:21:55,697
And again, as of 2009, that option is available because the one thing that they can control that affects every individual is the money. If you no longer use their money, they have nothing on you. Right. This is where circular economies become extremely valuable. People, communities become very valuable. People bonding, people, you know, helping one another.

247
00:21:55,697 --> 00:22:02,837
that separate parallel world is going to become a bigger and bigger thing as more and more people

248
00:22:02,837 --> 00:22:08,957
understand the realities of the world we are in. There's never been a judicial system.

249
00:22:09,617 --> 00:22:16,337
It's always been rules that are written for pushing narratives and to serving a certain

250
00:22:16,337 --> 00:22:24,637
percentage of the population who are close to these rules. And so all it takes is for enough

251
00:22:24,637 --> 00:22:31,157
people to wake up to this and then things really start to change but as long as people blindly

252
00:22:31,157 --> 00:22:38,037
follow this nonsense and assume that you know this is just how things are and whether we get

253
00:22:38,037 --> 00:22:42,897
screwed or not it doesn't matter because that's the law well then you know then then you almost

254
00:22:42,897 --> 00:22:49,697
lose the right to complain right so uh to me this is you know very infuriating to read that there's

255
00:22:49,697 --> 00:22:56,797
no there's not much more global pushback against this you know that people are simply talking about

256
00:22:56,797 --> 00:23:02,157
it and then you know okay where's the next barbecue you know this this is this is why nothing changes

257
00:23:02,157 --> 00:23:09,917
absolutely all righty guys so uh this guy reported a an unauthorized withdrawal of approximately 30

258
00:23:09,917 --> 00:23:18,337
000 usdc from his ledger secured wallet secured is maybe not the word i would use uh in this

259
00:23:18,337 --> 00:23:34,666
particular case but he goes on to explain uh he a hundred percent certain that the recovery phrase was never exposed No transactions were manually confirmed by him No one had physical access to the Ledger device The MacBook he used was not used for any other crypto related activity outside of Ledger

260
00:23:35,186 --> 00:23:36,986
So something's off here.

261
00:23:36,986 --> 00:23:47,226
My first reaction is like, I wonder, I don't know how many times you would have to hit me over the head with a crowbar to keep $30,000 worth of USDC on a Ledger.

262
00:23:47,226 --> 00:23:53,346
like to me that is just like i don't even know where to begin with this however this guy seems

263
00:23:53,346 --> 00:23:59,246
to have lost it we've talked about ledger a lot on this show uh not not the hardware wallet we

264
00:23:59,246 --> 00:24:05,286
recommend guys uh but tony why don't you give your thoughts protected by ledger man that's like a

265
00:24:05,286 --> 00:24:10,666
contradiction in and of itself it's like saying i live in a paper house but i locked the door so i'm

266
00:24:10,666 --> 00:24:14,126
I'm not sure, you know, why somebody broke in so easily.

267
00:24:14,646 --> 00:24:14,846
Right.

268
00:24:15,306 --> 00:24:22,926
So either there's something missing in this guy's story or, you know, this is a terrible, terrible product.

269
00:24:23,086 --> 00:24:24,446
First of all, it's closed source.

270
00:24:24,666 --> 00:24:26,946
So I wouldn't trust it if you paid me.

271
00:24:27,546 --> 00:24:29,966
And God knows what's happening behind the scenes.

272
00:24:29,966 --> 00:24:39,626
So if he generally did not, you know, do anything irresponsible, then there, you know, that confirms the existence of a backdoor.

273
00:24:39,886 --> 00:24:40,106
Right.

274
00:24:40,106 --> 00:24:44,926
But again, you know, nobody's investigating all the details here.

275
00:24:45,046 --> 00:24:47,566
We're just speculating on two possible scenarios.

276
00:24:48,066 --> 00:24:50,106
Either way, stay away from these products.

277
00:24:50,226 --> 00:24:56,546
These are not good for any meaningful amount of Bitcoin, you know, especially if that's

278
00:24:56,546 --> 00:24:58,846
going to become your generational wealth.

279
00:24:59,026 --> 00:25:03,986
There are way, way, way better and more thorough solutions out there.

280
00:25:04,006 --> 00:25:08,126
And of course, you know, this is what we do here at the Bitcoin Way to complete your knowledge

281
00:25:08,126 --> 00:25:09,606
of that entire ecosystem.

282
00:25:09,606 --> 00:25:20,966
So please don't take risks with your money. Don't assume that you know it all if you really don't. And absolutely do not take shortcuts with something that is that significant.

283
00:25:20,966 --> 00:25:26,486
Yeah, absolutely. He would be much better served just swapping that for Bitcoin.

284
00:25:27,686 --> 00:25:38,366
Bitcoin self-custody, yeah, all that. For me, the really remarkable part of the story is the fact that he bought USDC and he took self-custody of it.

285
00:25:38,546 --> 00:25:42,786
Like that was like, it's like, OK, what are you doing with this stuff?

286
00:25:42,806 --> 00:25:47,086
I would love to know what his use case was for his USDC, but I digress. Greer?

287
00:25:47,086 --> 00:26:13,366
Yeah, those are great questions. It makes me fearful for the stablecoin future where mom and dad are forced to use stablecoins and then they're constantly getting hacked. There's just no security that you can trust when it comes to crypto, the entire crypto world. And Bitcoin is different. You get a hardware wallet that's air gap and never touches the internet. You write down your seed phrase, stamp them into metal, hide it away.

288
00:26:13,366 --> 00:26:18,306
Make sure you're in a room with no camera, no listening devices, and you're good.

289
00:26:18,566 --> 00:26:20,506
You won't have to ever worry about a hack.

290
00:26:20,906 --> 00:26:25,526
But for the rest of the world that chooses not to do that, which is a very simple but

291
00:26:25,526 --> 00:26:29,226
narrow path, you know, Max Payne is in store for you.

292
00:26:29,426 --> 00:26:34,346
You know, I feel for the guy, you know, losing any kind of money to a hack is devastating.

293
00:26:34,666 --> 00:26:39,706
But I think when you use products that are known to be security deficient, you're just

294
00:26:39,706 --> 00:26:40,666
asking for it.

295
00:26:40,666 --> 00:26:43,046
So, you know, have fun staying poor.

296
00:26:43,366 --> 00:26:44,666
Good luck and good night.

297
00:26:45,546 --> 00:26:46,066
I agree.

298
00:26:46,726 --> 00:26:47,506
All righty, guys.

299
00:26:47,546 --> 00:26:51,906
Last up here, we have Mark Karpelis, the former Mt. Gox CEO,

300
00:26:51,906 --> 00:26:57,386
has proposed a Bitcoin hard fork so he can recover the nearly 80,000 Bitcoin

301
00:26:57,386 --> 00:27:01,646
from a dormant address tied to the exchange's 2011 hack.

302
00:27:02,426 --> 00:27:06,326
You guys going to be signaling for his hard fork?

303
00:27:06,986 --> 00:27:07,726
Absolutely not.

304
00:27:08,166 --> 00:27:10,686
I think the comments on this post speak for themselves.

305
00:27:10,686 --> 00:27:14,646
It's a high goal and he can go, you know, GFI.

306
00:27:15,306 --> 00:27:15,786
Yeah.

307
00:27:16,026 --> 00:27:17,506
Greer, you said interesting request.

308
00:27:17,646 --> 00:27:19,406
Absolutely not in life and in Bitcoin.

309
00:27:19,566 --> 00:27:20,786
You cannot change the past.

310
00:27:21,346 --> 00:27:24,426
And that's what makes Bitcoin so powerful.

311
00:27:24,746 --> 00:27:26,246
You know, it is an immutable ledger.

312
00:27:26,366 --> 00:27:27,806
You can't undo the blockchain.

313
00:27:28,086 --> 00:27:30,246
It's the whole reason it exists in the first place.

314
00:27:30,706 --> 00:27:32,786
There are countless people who have lost coins.

315
00:27:32,946 --> 00:27:39,166
There was the guy in the UK that lost 10,000 Bitcoin or whatever by throwing away the laptop

316
00:27:39,166 --> 00:27:43,626
and then spent nine years digging in the mud to go find it, which I don't think he ever did.

317
00:27:44,366 --> 00:27:50,206
So, you know, this is the tragic part of a Bitcoin story. It's when people do not control

318
00:27:50,206 --> 00:27:54,886
their keys safely. You might think you have self-custody, but there could be something you're

319
00:27:54,886 --> 00:28:01,626
missing, you know, and I just think that this idea of rolling back the chain or doing a hard fork so

320
00:28:01,626 --> 00:28:07,346
he can, you know, recoup what he was hacked, what was hacked by him, you know, by his website,

321
00:28:07,346 --> 00:28:08,586
Like, it's just laughable.

322
00:28:08,806 --> 00:28:09,406
You know, get out.

323
00:28:09,606 --> 00:28:09,926
Pouncing.

324
00:28:10,406 --> 00:28:16,186
To touch back on the guy who went searching for nine years in the trash, it turned out that he actually didn't have Bitcoin.

325
00:28:16,646 --> 00:28:17,826
He had Bitcoin cash.

326
00:28:20,046 --> 00:28:21,206
Oh, man.

327
00:28:21,466 --> 00:28:22,266
I did not know that.

328
00:28:22,466 --> 00:28:26,546
The trash thing, you know, was a very fitting location for it.

329
00:28:27,206 --> 00:28:28,926
I didn't know that.

330
00:28:29,046 --> 00:28:30,346
I thought he actually had Bitcoin.

331
00:28:30,486 --> 00:28:33,366
Imagine thinking you had Bitcoin and then it ends up, you find it.

332
00:28:33,366 --> 00:28:33,846
Yeah.

333
00:28:33,846 --> 00:28:43,786
Yeah, and so now you end up in real debt, you know, considering how much you've spent trying to chase fake money only to realize that, oh, shit, now I'm in trouble.

334
00:28:44,526 --> 00:28:44,726
Yeah.

335
00:28:44,966 --> 00:28:47,066
You can almost start over in Bitcoin.

336
00:28:47,346 --> 00:28:48,886
You lose your whole stack, fine.

337
00:28:49,026 --> 00:28:50,246
Start over the next day.

338
00:28:51,126 --> 00:28:51,366
Yeah.

339
00:28:51,366 --> 00:28:55,586
And also, don't let these stories to our listeners, don't let these stories concern you.

340
00:28:56,106 --> 00:28:59,926
Especially nowadays, like in the early days of Bitcoin, it was a lot harder to secure it.

341
00:28:59,926 --> 00:29:05,606
There weren't, you know, myriad open source, air-gapped only wallet options.

342
00:29:06,166 --> 00:29:08,566
Now there are, and it's not that complicated.

343
00:29:08,866 --> 00:29:12,486
Just go to the link in the show description, schedule a call with our team.

344
00:29:12,586 --> 00:29:15,966
We can talk you through how we can help educate you, train you to do it the right way.

345
00:29:16,046 --> 00:29:17,066
No counterparty risk.

346
00:29:17,146 --> 00:29:18,226
You don't share a key with us.

347
00:29:18,286 --> 00:29:19,246
We don't KYC you.

348
00:29:19,726 --> 00:29:21,986
None of the nonsense that you see most other places.

349
00:29:21,986 --> 00:29:25,666
So I would encourage everyone to not be afraid because of stories like this.

350
00:29:25,986 --> 00:29:27,826
You just got to do it right the first time.

351
00:29:27,826 --> 00:29:31,526
So all righty, guys, I think that's a good place to wrap up for everyone who tuned in.

352
00:29:31,746 --> 00:29:32,646
Stick around for another minute.

353
00:29:32,746 --> 00:29:35,106
You can learn a bit about the Bitcoin way, how we can help you.

354
00:29:35,566 --> 00:29:37,566
Greer and Tony, always a blast chatting with you.

355
00:29:37,646 --> 00:29:39,106
We will catch up again in a few days.

356
00:29:39,446 --> 00:29:39,966
Thanks, Michael.

357
00:29:40,366 --> 00:29:40,626
Thanks.

358
00:29:40,746 --> 00:29:40,946
Cheers.

359
00:29:41,486 --> 00:29:41,806
Hey there.

360
00:29:41,906 --> 00:29:43,586
Thank you for tuning into Bitcoin Banter.

361
00:29:43,586 --> 00:29:48,146
Wanted to take a quick minute to remind you to head on over to the Bitcoinway.com podcast

362
00:29:48,146 --> 00:29:51,706
to schedule a free 30 minute consultation with a member of our team.

363
00:29:51,906 --> 00:29:56,346
It is critical that you take full control of your wealth and we can equip you with the

364
00:29:56,346 --> 00:30:02,066
skills needed to take 100% self-custody of your Bitcoin. For our existing clients, we also offer

365
00:30:02,066 --> 00:30:06,466
our Bitcoin Bootcamp, where we will conduct quarterly calls with you to reinforce the training

366
00:30:06,466 --> 00:30:11,666
we've provided and fill any gaps in your knowledge. While you're at it, ask about our solo mining

367
00:30:11,666 --> 00:30:16,606
service, something we think everybody should be doing. We also help with addressing your personal

368
00:30:16,606 --> 00:30:21,966
and online cybersecurity, and we can even help you set up a privacy phone free of big tech and

369
00:30:21,966 --> 00:30:26,906
Big Brother surveillance. Don't underestimate the amount of tracking taking place in your browser

370
00:30:26,906 --> 00:30:31,846
and in the apps you use every day. And finally, whether you're ready to make a move to a freedom

371
00:30:31,846 --> 00:30:36,646
loving paradise or want to back up in the event of a worst case scenario, be sure to ask about our

372
00:30:36,646 --> 00:30:42,126
Plan B residency program. Being untethered from a single location is one of the best ways to ensure

373
00:30:42,126 --> 00:30:46,946
your self-sovereignty into the future. Again, you can schedule a free consultation at the

374
00:30:46,946 --> 00:30:52,726
Bitcoinway.com slash podcast. If you are enjoying the show, please do me a favor, subscribe to our

375
00:30:52,726 --> 00:30:57,866
channel wherever you listen, give us a five-star review, and drop us a comment. We would really

376
00:30:57,866 --> 00:31:02,566
appreciate it, and it makes it easier for others to begin finding us as we preach the gospel of

377
00:31:02,566 --> 00:31:07,946
financial self-sovereignty and beyond. Thank you again for listening. Until next time, stay safe,

378
00:31:07,946 --> 00:31:11,986
stay sovereign, and remember, the yield on Bitcoin is freedom.
