If you understand this and want to cast a vote, the only vote you have at your disposal is to opt out, to get off their chessboard, no longer use their product.
I think these sorts of applications are going to be the future of mining.
If you can earn some sats doing the things that you have to do to live anyway, that's what we're all going to do.
It is impossible to predict events that are playing out.
Only one event is needed for you to all of a sudden be on the wrong side of what your government has mandated.
It takes lessons like this for people to cut out this nonsense and to start focusing on really what matters here.
And again, it's as simple as it gets.
Bitcoin in self-custody.
There's no need to break your head with anything else.
Hey, everyone. Welcome to another episode of Bitcoin Banter. I have Greer and Tony with me.
Guys, we're going to jump right into the news. Up first, though, we have Simon Dixon went on
Peter McCormick's show. They're talking about all sorts of things. Who really runs the world?
Tony, you sent me this clip about Bitcoin specifically that they dug into. So let's
watch this. What is the role of Bitcoin in all of this? And is it captured?
Good. Okay, so Bitcoin to me was, to me, it's a boycott. If you want to boycott the Federal
Reserve, then you have to own money outside the system. Gold or Bitcoin are two ways of doing that.
If you want to boycott BlackRock, you have to own it in self-custody. Most people can't self-custody
gold, so they end up self-custodying Bitcoin, or they can do self-custody gold in a small scale.
um if you want to boycott the global uh the banks then you don't mind fiat currency by
custodian your bitcoin and borrowing against it and being a part of howard lutnick's treasury
companies and um bitcoin-backed loans and all the different shit that michael saylor and everyone's
creating um you they're trying to centralize as much bitcoin as possible within america they've
got a couple of million Bitcoin now in their constructs. So whatever happens to Bitcoin,
they'll be fine. BlackRock managed to centralize as much as possible. Strategy is subordinate
to the financial industrial complex. Hold on, is Saylor the equivalent of Dorsey?
Yes. That's why he gets the 0% loans. Yeah. What is strategy's mission? Yeah, exactly.
strategy's mission is i will get as much bitcoin in this public company as i can borrow or i can
sell equity who's he selling it to the financial industrial complex all right i think that's a good
place to uh deposit so tony you sent it i'm gonna let you go first i think we probably are all on
the same page as simon here but why don't you elaborate on your position on this absolutely man
And everything that Simon says here in his other podcasts is 100% aligned with my beliefs, especially my beliefs.
Because I've always said that once you dive into the history of money, you understand that all of it is part of a thieving cartel.
And if you want to put an end to it, because the misery that it causes and has been causing for decades is going to reach everybody at some point.
especially these days when that Ponzi is on its final legs.
And so what he's saying, basically, that if you understand this and want to cast a vote,
the only vote you have at your disposal is to opt out, to get off their chessboard,
no longer use their product, no longer be dependent on all of their shenanigans,
and just move forward into a world that they can no longer manipulate or corrupt.
And that world is the one created by Bitcoin in full self-custody.
So any legacy service that uses Bitcoin as a wrapper is still giving relevancy to that
entire world.
And so you don't want to do this.
Pretend it no longer exists.
Use it for the very specific purposes that you need it for and then keep moving forward.
At least this is what I do.
this is the recommendation that I push out.
Because as long as you're borrowing as your Bitcoin,
as long as you're using legacy finance,
using Bitcoin as wrappers,
you are only introducing counterparty risk
and you are only giving these thieves
more credibility and more relevancy
and you're extending their lifeline.
We cannot go to war with them.
Nobody's interested in that, but we don't have to.
As long as enough people stop using their product,
their world collapses on its own by itself.
It becomes irrelevant.
And the more folks that do this,
the quicker, the sooner this happens.
And I think this is precisely the message
that he's putting out.
And I 100% agree with him.
Greer, I hope I'm not taking your joke,
but Simon says,
take self-custody of your Bitcoin.
What do you have to say?
Yeah, I think the most important thing
is to figure out where are you
on the Bitcoin journey.
on your own journey. Simon got in early and he had the foresight to see what Bitcoin could be.
And if you're like me, maybe you came on in 2021 or later and you're living half a fiat life and
half a Bitcoin life. And there are improvements you can make to be more into Bitcoin, saving it,
buying an air-gapped hardware wallet, moving all of your coins, all of your sats onto that wallet,
getting a node and verifying your own transactions. And I think that's the key. We, you know, can't all
be early, but we are earlier than most of the world. And I think our role is to opt out at as
many levels of the fiat system as possible. And so, yes, that means don't borrow against your
Bitcoin to get more dollars. I think the key that most people are wrestling with now is I have
Bitcoin, but I need more cash flow to pay for my monthly expenses, whatever those may be. And I
think we're in that sort of grinder right now where lots of plebs are seeing their costs for
their everyday needs go up while they still have Bitcoin as a safety net. I think the next step
is to figure out how do I get on a full Bitcoin standard, opt out of the system, stop using their
money, stop using their debt and be independent. To me, that is the mission. And depending on where
you are, those variables look very different. And I think the hardest thing that someone can do is
compare themselves to an OG Bitcoiner because they had the advantage of being early. They were
more curious. They understood it before the rest of us. And that's fine. That's their reward. So
now what do I do next? How do I hold out for the next 10 years so that I can feel like an OG
in 2035, 2036? Well said. I agree with both of you on all accounts. Alrighty. So we have a
journalist who has been covering Palestine the conflict there He says urgent As of now I have zero access to any money I can provide food for my family including two newborns due to EU sanctions Previously I was granted access to 506 euros to survive which is now also inaccessible My bank blocked
it. The EU de facto sanctioned my children as well. Tony, I'm going to let you take this one
first as well, because you've been talking about this, that that moment of waking up in panic,
realizing I don't have my money. It wasn't really mine to begin with.
Absolutely, man. This is the best marketing message for everyone that needs to pay really close attention to this.
That this can happen to anyone at any point in time.
When the money is in the hands of people with no good intentions and the power to abuse it, this is exactly what happens.
All this guy did was have a different opinion that someone didn't agree with.
and then all of a sudden it was decided that this person and his entire family now
can have their entire economic life destroyed, literally with the press of a button.
That confirms without a shadow of a doubt that that worthless paper that you're slaving for
is being weaponized against you, can be weaponized against you,
and it's just a matter of time before your turn comes.
We're going to hear a lot more of these stories,
and I'm sure there's like millions of other cases that don't make headline news.
But these stories are very real.
These people are very real.
How they deal with the calamity of having your entire life confiscated,
that is a horror show that not many people survive, unfortunately.
But I hope more folks start paying attention to this
and stop assuming that this only happens to other folks.
Because again, we are living in a time where everything is tightening.
Rules are changing, narratives are changing,
and none of it is for your own good.
the separation of money and state cannot happen fast enough because the abuses like this are going
to continue to get worse sadly. Greer what would you add to that? I think anybody can be in this
situation of this person and that's what's truly sad and truly regrettable keeping your money in
the system where it can be confiscated where your bank can be shut down those are things I think that
we all need to take seriously. You know, we, we might, I think, fall into the trap of,
you know, that only happens in other countries. It won't happen to me. But I, I also know that
even the start of this year, it is impossible to predict events that are playing out. You know,
we're seeing countries and, and turmoil and violence and war across the earth today.
Only one event is needed for you to all of a sudden be on the wrong side of what your government
has mandated. And it could be an election, it could be an event, it could be anything. And all
of a sudden, you are now the pariah, you're the one who cannot access your services. And what would
you do then? And those are very healthy, rational things that I think every person should think
through. Do I have all my eggs in one basket? How much do I have in Bitcoin? And I think that,
But understanding where you need to be, that is your next step.
Because I think if we've learned anything over the last week, we're not going to be able to predict what the future looks like.
It's going to be more and more unexpected.
And Bitcoin is that insurance policy that will protect you if you need to get out of a situation like this.
I think that's well said.
All right, guys.
Obviously, we talk many times about the manipulation of financial markets.
It's not saying that this is what's happening here, but you can't make this up, says the Kobe U.C. letter.
Lockheed Martin stock fell seven percent the other day after President Trump banned stock buybacks and dividends on U.S. defense companies until, quote, problems are rectified.
Two hours later, President Trump said the U.S. military budget should be raised to one and a half trillion dollars.
And the stock is now up seven percent after hours. It's up on the day.
So I don't know if this was just Trump just saying things, if this was, you know, some sort of intended manipulation to clear out shorts, if it was favors being given to to folks who are in that inner circle.
But Greer, I'll let you take this one first. What's your reaction?
Yeah, my thought is that it looks like Trump is making sure that these companies really deliver on what they're ordered to do.
And so I think that was the reason for the first pronouncement. And then, of course, following up with, you know, an additional 500 billion in military spending, you know, it's just a classic seesaw that I think we've seen from his administration.
And again, I think it means that you got to stay light on your feet. We don't know where we're going to go next and what the implications could be. I think if I was cynical, I would probably be scouring Polymarket and CalShe, because those seem to be the indicators of inside information.
We know that those winners often benefit from being on the inside and being able to capitalize that on that.
So I think we've got the tools today to evaluate these types of things.
But I think I think, you know, more things are unexpected.
And it looks like we're going to have a lot more military spending this year.
That is for sure. And Tony, as you look again from abroad,
what's your take when you see Trump saying these things and all of the swings in the market?
Man, sometimes I can't help maybe but feel a little bit envious, you know, that, you know, we're not part of this privileged club that has access to all this news, you know, before it hits the market.
I don't know, man.
This is probably just one out of millions of stories like this that have been happening, you know, throughout the past, you know, two decades, if not more.
I doubt this is anything new.
It's just that now, you know, with the state of the world, the way it is, people are just starting to pay more attention and, you know, doing a little bit more research into just, you know, how bad the corruption is in the legacy system.
And this is just, you know, happens to be one of the biggest headline news these days.
So if you're one of these insiders in that fancy club that nobody else belongs to, well, congratulations, man.
This was a good payday in just two hours.
I haven't looked, but I have to imagine Nancy Pelosi is crushing at the first nine days of the year.
We'll have to see if she can beat the inverse Kramer index through 2026.
All righty, guys.
Gold Telegraph.
They said that gold has surpassed U.S. treasuries as the world's largest reserve asset globally for the first time in 30 years.
Change is in the air.
I think it's hard to verify that with absolute certainty, but certainly anything reported.
I assume this to be the case. Tony, I agree changes in the air. I think they might be, you know, setting the clock back a ways with this development. But how do you respond to the sentiment that they share here?
No, I mean, I agree with it.
I mean, there's definitely a heavy movement, you know, into hard assets, anything that's
not fiat currencies, because people understand that they're not going to last.
And so whether it's gold, silver, Bitcoin, whatever the case may be, you know, like people
are opting out, at least people that are paying attention are opting out.
I don't believe, like, I can't know for sure that, you know, gold has really surpassed
because who audited the gold Who knows what the numbers really are know the direction is leaving fiat into anything else that people believe has more value
And these hard assets are just, you know, the perfect way to go.
Greer, first of all, do you believe it?
And second, what do you think the signal is here?
Sure, I believe it.
I think there's plenty of evidence that says U.S. treasuries are no longer the number one investment for countries.
And we've seen a lot of central banks in countries buy gold over the last five, 10 years.
So I think that that's I think it's believable.
And I also think that if you were to zoom out 10, 15 years, I think that the true global asset will be Bitcoin.
I think that we're going to see a generational shift.
Think about the people who are leading countries, who are politicians, who are central bankers, who are in the finance world.
That's really the older generation.
Some of them understand Bitcoin, to their credit.
But I think as the younger generations assume these positions of power, they are going to trade that gold in for Bitcoin because they understand Bitcoin.
They understand it better than gold.
And I think while gold might be leading today, that's really an indicator of the amount of risk that's in the world.
And people are looking for certainty.
I think as people understand what Bitcoin is, all of the profit and the value in gold is going to find its way into Bitcoin.
And I think that happens over the next 10 to 15 years.
Agreed.
All righty, guys. Speaking of hard assets and the inability to audit and verify. So Bitcoin, you shared this video. I'm not going to show the video, but the steps needed to sell $80,000 worth of silver. So this guy brings a giant bar of $80,000 worth of silver into a shop. So it says carry something that weighs as much as a bag of cement.
prove it's real drop it in water to check density drill into it to be sure it isn't plated and of
course the steps needed to sell eighty thousand dollars worth of bitcoin click a few buttons uh
i can verify uh the latter only but uh it's pretty crazy if you watch this video like the steps they
have to go through to confirm that they're actually going to exchange fiat for this giant block of
silver uh is it's it's silly and it hopefully is an illustration to the people who are on the fence
about gold, silver versus Bitcoin,
pushes them into obviously the future of money,
which is Bitcoin.
But Tony, I bet you had a laugh watching this one.
Man, this was good during the Fred Flintstone days, right?
But I mean, this is why I laugh
when people tell me gold and silver are the future.
No, they're not, man.
These are relics in a digital world.
No one's going back to a fax machine or a typewriter.
And these are just similar things in a world,
now that you have AI coming in
and everything is going virtual and digital,
these things are just relics.
I mean, you can have them.
They're not going to go to zero, obviously.
But if you think businesses are going to be built
on gold and silver,
knowing that the supply is nowhere near scarce,
that you can manipulate and fraud your way
through all of these extremely easily.
I don't know, man.
You're setting yourself up for massive disappointment.
I think a lot of people still stick to it
simply out of sheer ignorance.
but you know the more the world deteriorates the more you know folks are going to eventually
understand you know that digital gold that bitcoin in self-custody is the only way forward
and at some point will become the uh the world reserve currency because again no living soul
can manipulate or corrupt it anymore so it's the only one that can be trusted i think that's about
right greer anything you'd add here just what a massive headache you know imagine taking this giant
a bar of silver into the store, getting cash for it, or maybe a check, taking that to your bank,
having to make sure that your bank clears the amount, you've already sold the silver,
and then reporting the sale to the IRS to make sure that you're tax compliant.
And the whole thing would probably take 10 days for that or 15 days for that check to clear.
I mean, just what a huge headache. Bitcoin is digital. It can be moved anywhere in the world
instantly. You can hold it yourself. And the comparisons between the two could not be more
stark. Kudos to this silver bug who was able to redeem that amount. But I think it's also
illustrative that people will take the profits from their gold and the profit from their silver
or copper or whatever they're investing in, and they're going to rotate into Bitcoin.
And I think as Bitcoin becomes more scarce and more well-known, getting a small fraction of
Bitcoin is going to be a lifelong goal for people. I think that we will see people trade in their
homes, trade in their valuables just to get a fraction of one Bitcoin. So, you know, I,
I, that's kind of what I see happening. And I probably think, I think it'll probably happen
this year too. I think we'll see a lot of the rotation happen. All righty guys up next, something
more of a public service announcement. So the monk minor tweeted, I frequently get scam calls
pretending to be River customer service.
Was there a data leak?
And River responded.
We partner with River.
We love the work that they do.
They show proof of reserves, Bitcoin only,
all the things you want to see in an exchange.
They said, we're sorry to hear you're getting these.
We've received several reports like this.
We believe scammers are using data from other breaches
and are attempting to see if any of those individuals
also have a River account.
They obviously have their force field feature
that you can use to help protect against phishing
and other types of scams.
So for anyone out there who is using River or not, if you're getting calls from River,
you really need to ensure that you are talking to an actual representative from River.
I don't think we all need to discuss this.
This is just something we want to get out there.
But Tony, do you have anything else you wanted to add to that?
Yeah, just a warning to folks to be careful and just expect that these things are going to get worse.
Now with the existence of AI, scammers have a lot better tools at their disposal to pretend to be someone that they aren't.
If you aren't sure, you know, don't take immediate action.
Like definitely don't do what these people are telling you.
Verify yourself, maybe call back the company with the contact information that you have that's independent from what these folks are telling you.
Just do your homework and keep your eyes wide open because as the value of this space continues to appreciate, you know, so will these attacks.
Perfect.
All righty, guys, let's watch this video from Theo Vaughn now.
Now, I do want to say that MoonPay is one of the biggest partners of our show, which we're grateful for.
And they've also allowed me to accept my payment from them in Bitcoin.
Yep, that's how I'm doing it.
So Theo is a big name, a funny guy, and he is accepting his payment from one of his sponsors in Bitcoin.
To me, that is big news.
I don't know how many followers he has or people paying attention.
It's a lot.
I assume millions of people will see that clip at some point over the coming weeks or months.
high signal in my view. Greer, what do you think? Yeah, I think he's not only hilarious, but yeah,
he does have a huge audience. And I think he's a good person. People look up to him because
he's very honest with his takes, you know, and he's unfiltered and has a very unique way of
phrasing things So to me this is Bitcoin really going into the mainstream And let be honest you know he will orange pill more people than most Bitcoiners could ever hope to not just because of his personality but because of what he demonstrating here
You can get paid in Bitcoin.
And as Bitcoin goes up, goes up over time, that money that you've saved in Bitcoin becomes
more valuable.
To me, that is one of the best things about Bitcoin is that it preserves all the time and
effort you spent on earning it.
So kudos to him.
I think that we should see more of this.
Just an absolutely fantastic orange pill.
And by the way, I'm an idiot.
It says told his 6 million followers on his podcast.
So that's how many people are probably going to hear it,
plus people clipping it and sending it out into the Bitcoin sphere.
Tony, are you familiar with Theo?
No, I have never heard of him before now,
but it doesn't really matter because this is the type of signal that I look for.
You know, like when you're to follow Bitcoin's network effects, and this is this is huge news.
Again, you know, the slowly then suddenly, you know, when people like this that are, you know, well liked and well respected start talking about, you know, stuff like Bitcoin.
Well, then, you know, that's how you reach the everyday individual that may not necessarily be tuned into, you know, podcasts like this one.
So this is very bullish news. And I mean, people should really be focusing on these stories more than, you know, the ones that are connected to trade-fying prices and charts and all that irrelevant nonsense.
All righty. Up next, guys, I'm going to call an audible here and not show the video because we're going to have a lot of audio listeners.
But Superheat unveils H1, a 50-gallon Bitcoin mining hot water heater. So this to me is big news.
Tony, you also sent this. I'm going to let you take this one first. But honestly, I've said this before. I think these sorts of applications are going to be the future of mining. So when people start to worry about, you know, the block subsidy is going to decrease over time and it's just going to be transaction fees. Will the price be high enough? Who cares? If you can earn some sats doing the things that you have to do to live anyway, that's what we're all going to do. We're going to heat our homes. We're going to heat our pools. We're going to heat our water. All of these things with Bitcoin miners. Tony, what's your take?
absolutely man another very bullish signal again these are the news that you know you want to you
want to be paying attention to because you know as mining becomes more plug and play as it finds
its way into you know everyday appliances that you can you know just go out and buy and replace
you know either aging you know parts in your home or you just want to like modernize things and
actually make money you know like who doesn't need a product like this if you've got like an
aging one you replace it and who knows man like at this day and age if you hit a block well then
best investment you have made for your shower right and i mean i'm i wouldn't be surprised
that soon we'll find this you know in coffee makers and in stoves and ovens and refrigerators
and pretty much everything under the sun that you can just go to any store plug and play and boom
all of a sudden now you're part of the uh of the bitcoin mining uh you know uh infrastructure very
very bullish news, man. Very exciting times ahead. Can you imagine just standing in a hot shower and
you can feel the sats raining down on you? I mean, there's nothing better. Greer, what do you think?
100%. Totally agree. I think it's incredible that we're seeing all of this new technology
around Bitcoin mining. It's never been easier to be a solo miner. And the fact that we're getting
water heaters, you know, and I know there are projects out there like hot tubs and whatnot,
But I think that's great. You know, we need more Bitcoin miners. And yeah, if you can offset part
of your power bill, I think that's fantastic. I'm guessing it's part of a pool mining. But yeah,
I think, you know, we're not seeing this type of development in any other shitcoin or cryptocurrency.
Like the energy is in Bitcoin. And I think the people who are participating in it are going to
be rewarded beyond what they can imagine today. So, you know, just a fantastic story. Great to see this.
Speaking of shit coins, we're going to round it out with this, guys.
The entire Zcash core dev team has resigned.
Zcash is in freefall now.
I guess the good news, well, the good news is a shit coin is in freefall.
For obviously all the insiders who were peddling Zcash the last few months,
they probably got out and used their, a lot of people were exit liquidity, basically,
is what I think it amounts to.
Greer, why don't you take this one and give your thoughts?
Yeah, love to see it.
You know, I think what Bitcoin shows us is that it's decentralized. It doesn't rely on a core development team, especially all the issues that we've seen over the last year. The fact that anybody can run a node or run an alternate version of the Bitcoin core code is why it's going to win and why it's better.
I feel for anybody who lost money rotating from Bitcoin into Zcash, hoping to get a little pump.
But those are games that I think we've learned the lessons now.
You cannot play those.
The best thing to do is just purchase Bitcoin with whatever money you have and hold on to it in self-custody.
So how many more of these projects are we going to see?
They'll pop up continually as insiders try to profit from the unknowing noobs.
but I think we're all getting a little bit wiser to this whole scam.
Well said, Tony, any final comments?
Yeah, absolutely, man.
If it's not Bitcoin, it's not Bitcoin,
and it's ultimately going to zero.
So if you feel like gambling and you get lucky, good for you.
But I feel sorry for those that got wrecked with this project.
But again, it takes lessons like this for people to cut out this nonsense
and to start focusing on really what matters here.
And again, it's as simple as it gets.
Bitcoin in self-custody.
There's no need to break your head with anything else.
Pure signal.
All righty.
For everyone who's tuned in, we really appreciate you being here.
Stick around for another minute.
You can learn a bit about the Bitcoin way.
Greer, Tony, as always, great chatting with you.
We will catch up again very soon.
Thanks, guys.
Thank you.
Cheers.
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