Deepfake Bitcoin Traps: How AI Identity Theft Crushes Trust in a Post-Reality Nightmare

Alex: 00:00:00

Dave probes the jam of fake accounts sowing propaganda under stolen identities,

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as Jerremy reveals his own deepfake scams

luring victims with Bitcoin promises.

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The peril sharpens—if AI voices fool

family and friends, how do we reclaim

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reality before trust shatters completely?

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Jerremy: Well, here's what's

wild and I'll take a quick moment

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on our platform to say this.

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So I'm one of these people

that get deep faked a lot.

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Dave: Really?

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Oh, well, you're well known.

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Jerremy: Yeah.

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And well, but also I deal with

money and people trust me, and

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I have an explicit track record.

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Yeah.

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And so what happens right now

is someone from whatever country

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will copy all of my profile, copy

my pictures, copy all of that.

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Oh, yeah.

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They'll just take screenshots of

what I currently have up online.

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They'll create a profile,

usually Instagram, WhatsApp,

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discord, something like that.

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And it'll use.

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An email or a name that

looks very similar to mine.

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Wow.

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So it'll, it'll be like

Newsom's, like with an S

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Dave: Yeah.

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Jerremy: Or Newsom with no E.

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Wow.

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That's been a very popular one.

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Like Jerremy Newsom with no E.

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Yeah.

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Or Jerremy with three R's where it is

hard to notice if it's two or three.

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And, um, they'll reach out

to people and they'll have

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conversations with people Whoa.

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Directly online and they will

act as me and they'll say,

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Hey, listen I'm really excited.

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I'm glad that we just hung

out or talked recently.

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Like, I got this really new

investment program that I'm doing.

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It looks a lot like if

you send me some Bitcoin.

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I'll do something with it and then

four or five days send you 25%

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more Bitcoin than you just sent me.

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Oof.

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Yeah.

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And obviously people actually

have fallen for that.

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Sure.

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It's terrible.

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Yeah.

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But man, that's getting, it's

getting good like it looks.

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Now granted, they'll

never have talked to me.

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But this is also where it gets

kind of terrifying and you have

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done a lot of stuff with voice.

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Dave: Totally.

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Jerremy: Ai.

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Dave: Yeah.

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Jerremy: And I do not believe that

we are extremely far off from someone

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being able to fake someone else's voice

and, Hey, let's talk on the phone.

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Dave: Yeah.

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Jerremy: If you need to, like,

let's pick up the phone, let's have

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this con this phone conversation.

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Like how would they know

it's me versus not me?

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No idea if they've only talked to me.

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Never realistically, and we've

never talked on the phone.

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You wouldn't.

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No,

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Dave: not at

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Jerremy: all.

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So someone getting someone

falling for that is.

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Unfortunate and also very likely

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Dave: I, so we are in a post reality

reality, uh, with online video, online

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photos, online music, online voices.

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There is no way to actually tell

if something is legit or not, and

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it is getting better and better.

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I have heard stories of people, uh,

getting a call from a family member

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and being like, I'm in trouble.

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Send me money, and it is not them.

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Uh,

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this goes back to my AI

is taking over the world.

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I've been deep in AI

for the last two weeks.

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Like I, I am, I'm sure that this thing

is going to kill us all, but we are in a

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post reality reality and we have no idea.

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I don't have any idea

like what's, what's next?

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Like it, we are going to have

to get to people in person

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for things to be checked out.

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I mean, we are gonna have

to go old school cool.

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And be like, is this you?

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Is this really, really, you we're

gonna have to have code words,

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Jerremy: yeah.

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And what's even more wild than that is

also just how does someone know that

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they're even talking to the person to

begin with, to have a real meetup, right?

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Oh, exactly.

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You know, like, I'm flying to Australia in

a month and doing a meetup, and granted,

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there's obviously a lot of people are

reaching out and they're gonna wanna be

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there, but how nefarious could someone

be if they saw that and they're like, oh,

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I'm gonna do the same thing and then like,

pay me this money and I promise I'll be

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in Australia and then I never show up.

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I didn't know it.

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You know what I'm saying?

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Yeah.

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It's unfortunately insane how easy

it is to scam people right now.

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And that is.

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A solution that I have zero

idea on how we're gonna fix

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as it gets better and better.

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Ai

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Dave: indistinguishable from

reality if you're looking at it on

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a screen like indistinguishable.

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Yeah.

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But also I get a ton of, if

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Jerremy: you're, if you're older, like if

you, if you just, because I look how, I

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mean, there's, there's ways to look at,

like Dave, for me, not Dave, Dave knows.

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Dave knows, but man, if you were

like in your fifties Alright.

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Dave: But,

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Jerremy: but Dave truly, like if

you have someone who's like 65 plus

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and they get a text message and

it's like, Hey, it's Jerremy Newsom.

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Yeah.

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And they know who Jerremy Newsom is.

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And they've worked with me before.

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Like, Hey, click this link so that

you and I can go to this thing.

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They're not gonna know.

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No they're gonna have no idea.

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It's man, like that is happening

more and more and faster and

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faster and quicker and quicker.

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And it's like really kind of

terrifying how good it's getting.

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Dave: It's gonna have to

be the war of the ais.

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You're gonna have to have your AI

going out and hunting other ais.

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Like that's whoa.

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I've been getting a ton of texts and

I've really noticed it change in the

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last couple of months where it seemed

like I was getting no weird texts.

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And now I get them, I get several a day,

which is like, you there, Hey, let's chat.

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You know, like these very

open-ended whatevers.

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And I, I don't know what they are.

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I've never answered them,

but they are certainly not

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from anybody that I know are.

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Do you know, like you are very accessible.

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Do you get a lot of that too?

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Jerremy: Tons of them.

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Yeah.

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I got like one last night

was like, Hey, remember me?

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We hung out recently.

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Dave: One.

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Jerremy: Yeah.

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They sent me a photo.

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I was like some beautiful Japanese girl

in like a coffee shop or something.

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Dave: I'm like, what?

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Jerremy: Yeah.

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I was like, I don't know.

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No.

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Obviously I don't know the person.

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No.

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But also, even if I did, yeah.

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I'm like, dog, I'm married.

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Don't be, don't be doing that.

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Yeah.

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I don't remember you too bad.

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Delete.

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We've never had a conversation.

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Yeah, it is, man.

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Uh, it's unfortunate.

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Like it's gonna get better

and worse and worse.

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And so what I mean by that is like

truly the fraudulent individuals

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that want to scam people outta money.

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Dave: Yeah.

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Jerremy: Wow.

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That's gonna get good.

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And it's gonna be so hard to

distinguish reality from non-reality.

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And that's, uh, man, that's probably

a whole different conversation.

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All different podcast really.

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Dave: I think there's going

to be, uh, two big backlashes.

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One of them is going to be.

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Being attached to electronics because

it's going to get so post reality

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reality, you either gonna go all in and

just live in that post reality reality.

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You're gonna be just plugged into the

matrix, or you're going to be stepping

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back from it and focusing back on

real human face-to-face connection.

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And as far as the president goes

and the administration, they're

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pushing so many boundaries.

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They're pushing so many buttons.

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I believe it will force Congress

and legislature to be like, Hey,

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like we've given up too much power.

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You've said it over and over again.

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If immigration is tied to one

dude and whatever, they're waking

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up and saying, Hey, let's do

something crazy today that's wrong.

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So I think it will, and that sort

of imbalance of power really got

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supercharged under, george GW Bush.

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Right.

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And the War on Terror and all of that.

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So that's where that unitary

executive actually started.

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So if we can turn down the heat

on presidential power, turn up the

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heat back on the legislature, get

them working again, which we've

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said over and over again that's fan.

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That would be fantastic.

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Ah, what else?

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What else is happening?

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Jerremy: Oh, man.

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So many things, uh, I, I mean, I'll

talk stock market for a hot second.

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Yeah.

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Dave: What's, yeah,

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Jerremy: tell me.

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Just 'cause it's fun to talk.

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We are high.

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Wait, it

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Dave: was high like a

couple of months ago.

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It was high last year.

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It was like new, high, high,

high, high, high, high.

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Like

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Jerremy: really?

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Yeah.

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Since April, since the mid-April,

the s and p five hundred's up 35%.

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Dave: Oh, come

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Jerremy: on.

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Which, yeah, it's that's a lot.

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That's a lot.

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Now granted, year to date, so January

one to right now we're up 12.8,

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so it was just that big sell

off that happened in April.

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If anybody bought, the bottom of

that, which you did, 'cause you're a

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great investor and an amazing trader.

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Um, bottom to top, I think, yeah, I think

there needs to be, and there will be some

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level of correction sooner than later.

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But that correction in the broader

markets will just, I don't know what's

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gonna cause it, and I'm not sure how long

it'll last, but it won't be very painful.

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Uh, it'll be a good overall buying

opportunity if you see a lot of red and

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a lot of fear come into the market in

the next, let's just call it two months.

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I still think we will lead to higher

highs and higher lows in the overall

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like US economy stock market.

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But.

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What does actually create the

catalyst for legit selling?

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I think I said a while ago Trump

was in office during COVID.

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Dave: Yeah.

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Jerremy: Trump was in

office during the tariffs.

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Both of those times, the market had

the fastest, big as quickest selling.

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It's had since 2008.

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Oh, really?

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Yeah.

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Whatever the next one is.

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Yeah.

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There'll be another, it will

be under Trump's presidency, so

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it'll be in the next four years.

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Um, and it'll be something with a

singular or double syllable word.

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Um, and it's probably gonna

be related to real estate.

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And I don't know what it is right now.

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Yeah.

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I really don't.

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Dave: Yeah.

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Jerremy: I'll know about when I hear it,

when it comes, starts coming up on the

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news where I'll like, oh, this is it.

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It won't be like stagflation,

it won't be that.

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It'll be something else that

people haven't really been

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extremely familiar with.

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Because again, the tariff

thing was kind of new, right?

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That hadn't been really talked

about from a presidential

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standpoint in quite a while.

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And then obviously the COVID

coronavirus, that was brand new.

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And when I say brand new, I mean that was

brand new from the stints of, obviously

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virus has been around forever and that has

always impacted the markets negatively.

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But that one was obviously

unique and individualized.

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So the next one, I don't know

what it is, but that'll cause

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a nice big steep decline.

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And that probably will be two

and a half, three years from now.

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Because after that happens, we'll

get a rally out of that as well.

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So that Trump can, put his hat

on a high horse after we finish.

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'cause wants real estate prices to go

up and wants the stock market to go up.

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But as of where we stand right

now, it does look like we're gonna

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continue to slowly have this train

and this party continuing because

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we right now have done only.

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Bullish things in the market.

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Well,

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Dave: reality doesn't touch the market.

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April, I mean, reality, like no

number, no news, no rationality.

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You know, like there's no rational

investor who looks at prices right now

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and have, you know, like it's not tied

to anything that a company does, like

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it just, it's just up across the board.

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You're right.

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I mean there's going to be some excuse

that begins the cycle of profit taking.

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There has to be.

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And so whatever that is, that'll

be like, okay, this is, you know,

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like we're going to get into.

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Profit taking, correction

land and Yeah, I know.

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Mm-hmm.

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You will be the first person to be

like, oh, time to put it back in

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your piggy bank kind of time, so.

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Mm-hmm.

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You know, if you're listening

to this podcast, make sure,

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you tune over to, to what Mr.

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Newsom's doing over on his other platforms

and being like, oh, this is happening.

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You're like, okay, then pay

attention because it is and yeah.

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Well,

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Jerremy: I'm gonna bring it

over into here as well for sure.

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Because I wanna make sure that

people, you know, who listen know.

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'Cause I think politically one of the

greatest, misfortunes that we have in

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this country is that individuals are not

super, super dialed in on their finances.

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No,

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Dave: I wasn't until I met you.

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Jerremy: And again, just,

you know, truthfully Right,

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it's not taught in schools.

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Yeah.

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It's not championed, it's not talked about

from a place of high level intentionality.

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Like Trump isn't telling people

on a daily basis, Hey, I hope

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you're having a great day at work.

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Whatever money you make, take 10%

put into the stock market, save it.

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Look at your budget, understand how much

you're spending on beer, food, wine,

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cheese, diapers, uh, and figure out is

there a way that you can cut back on some

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of that spending for a period of time so

you can put more money into the markets.

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Yeah.

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Like that, that should be something

that the higher levels are champion.

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Mm-hmm.

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Uh, championing.

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And we're just doing a, a

bad job at that as a country.

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But that's something that I think

everyone's aware of and that's something

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that I ultimately do want to not only

change, but Correct and also solve is

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just the vulnerability of the American

public from a financial standpoint.

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We just really are way too

overextended and that can be solved.

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'cause if you solve a lot of the money

problems in this country, you solve.

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Most problems in this country

for the American public.

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And I think a lot of that's done just

again, through education, through

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awareness, through intentionality.

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Dave: Before we wrap this up, I

had a multi-hour conversation with

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one of my best buds a few days ago.

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And he's very much on the left.

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He, is very much in this general

malaise and an opportunity for us

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to connect and connect for hours

because, you know me like I have kind

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of nuanced views on things and it's

not all left, it's not all right.

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And it's like, okay, this is

how I'm thinking about it and

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let's peel out the emotions and

actually talk about things again.

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And so I was talking to him and he was

not feeling good about the administration,

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the direction of the country.

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And, you know, like everything,

everything was wrong.

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And I'm like, Hey.

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Back up a little bit.

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We are, regardless of everything that's

going on in this moment of history, we

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are actually the safest we have meaning

that there is actually fewer people dying.

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There's more people getting healthcare.

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There's more people getting wealthy,

you know, coming out of poverty.

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There are more people who are

getting educated than at any

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other time in human history.

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: 00:14:14

There are so many things that we have done

right over the last hundred years and over

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: 00:14:19

the last 10 years than we've done wrong.

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: 00:14:22

And we don't talk about any of the right.

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: 00:14:24

We talk about all the wrong

things that are going on.

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: 00:14:26

Like we have so many things to celebrate.

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: 00:14:29

And I'm not just being like the

crazy optimist, like sometimes I am,

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: 00:14:32

I am really like, Hey, there are so

many good things that are going on.

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: 00:14:36

Can they be better?

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: 00:14:37

Of course that can be better

because that's who we are.

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: 00:14:39

And he started to feel

better about things.

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: 00:14:42

It's like, yeah, If somebody is like

racist problems first, like they wear

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: 00:14:47

racism on their sleeve and everything

and they see the world through a lens

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: 00:14:51

of racism, then all there is is racists.

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: 00:14:56

And my belief is that, if we keep on

watering negativity, if we keep on

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: 00:15:04

watering that plant, it will grow.

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: 00:15:07

And there's something to be said

about stuffing things, putting things

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: 00:15:10

away, not talking about things.

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: 00:15:13

There is actually a beauty of it

because it creates an environment

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: 00:15:17

where the in crowd, your group

isn't talking about these things.

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: 00:15:23

And if you juiced it,

stand up and say, Hey.

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: 00:15:25

Everything's racism.

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: 00:15:26

People will look at me

like, what are you crazy?

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: 00:15:28

And that actually lowers

the temperature on things.

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: 00:15:31

And it, it gets back to this world of

just norms and frankly shaming people.

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: 00:15:37

Like, Hey, like that's a

little racist, you know?

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: 00:15:40

And you can insert anything in that.

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: 00:15:42

Like if everything is wrong and you

pick your, you pick your poison.

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: 00:15:46

We can talk about it reasonably, but if

it is like the world is ending because

359

: 00:15:50

of this, then you're just watering

that and you're gonna get more of that.

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: 00:15:54

And that is all you're going to see.

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: 00:15:56

That is Dave's last rant for the day.

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: 00:15:59

Jerremy: Your perception is your reality.

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: 00:16:00

Your thoughts become things and

your words become worlds, ladies and

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: 00:16:04

gentlemen, that's absolutely correct.

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: 00:16:06

If your energy is currency, invest

into what brings you alignment,

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: 00:16:11

brings you happiness, brings you

peace, and we hope that we were

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: 00:16:15

able to do that for you today.

368

: 00:16:16

Create a smile, create a new thought,

create a new intention, create a new

369

: 00:16:20

belief, a new perspective, and we are

gonna continue to solve the problems

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: 00:16:26

of this great nation, of this great

country just by learning, by having

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: 00:16:30

conversations, by having discussions,

by having open-ended thoughts, feelings,

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: 00:16:35

revelations, ideas, so that we can not

only champion your voice, but that we can

373

: 00:16:40

create a truly remarkable, prestigious,

powerful, and prosperous platform.

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: 00:16:49

Thank you everyone for listening.

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: 00:16:50

Thank you for tuning in.

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: 00:16:51

We will see you on the next episode.