1 00:00:00,000 --> 00:00:02,760 Speaker 1: All right, welcome back. You are listening to another episode 2 00:00:02,759 --> 00:00:05,840 Speaker 1: of The Markmas Show where we talk about bitcoin, cryptocurrencies 3 00:00:05,880 --> 00:00:10,200 Speaker 1: and the decentralized revolution that is changing the world as 4 00:00:10,240 --> 00:00:12,760 Speaker 1: we live in it. We're building the plane and we're 5 00:00:12,760 --> 00:00:15,720 Speaker 1: flying at the same time, so to speak, Uh, pretty amazing. 6 00:00:15,760 --> 00:00:19,520 Speaker 1: What's happening you know? UM, talking a lot about bitcoin, 7 00:00:19,560 --> 00:00:21,639 Speaker 1: as I talk about many times, how the prices some 8 00:00:21,680 --> 00:00:26,360 Speaker 1: of the least um interesting stuff to talk about unless 9 00:00:26,360 --> 00:00:28,680 Speaker 1: you're a trader, which I don't recommend. Just buy and 10 00:00:28,720 --> 00:00:31,160 Speaker 1: hold it, man, go focus on the rest of your life. Um. 11 00:00:31,240 --> 00:00:33,320 Speaker 1: And so if we're just going to buy and hold it, 12 00:00:33,320 --> 00:00:35,040 Speaker 1: then what we want to be focusing on is, as 13 00:00:35,080 --> 00:00:36,960 Speaker 1: I say, the growth of the network. That's the amount 14 00:00:36,960 --> 00:00:40,200 Speaker 1: of users there, the mind share there, and I've talked 15 00:00:40,200 --> 00:00:41,680 Speaker 1: about a lot about that, and then we want to 16 00:00:41,720 --> 00:00:45,400 Speaker 1: focus on the development that's happening on it. UM. On 17 00:00:45,440 --> 00:00:48,800 Speaker 1: the previous segment, I talked about volatility, the price going 18 00:00:48,880 --> 00:00:51,720 Speaker 1: up and down. Is is the difference of perception and reality, 19 00:00:52,120 --> 00:00:55,080 Speaker 1: and so the reality is it's the progress of bitcoin 20 00:00:55,160 --> 00:00:58,160 Speaker 1: is moving like at a forty five degree angle up. Um. 21 00:00:58,240 --> 00:01:00,680 Speaker 1: So we're getting more users, were developed, been more things 22 00:01:00,960 --> 00:01:03,120 Speaker 1: we're sucking in more mind share. That's the reality. The 23 00:01:03,160 --> 00:01:06,640 Speaker 1: perception gets oversold and over bought and oversold and overbob. 24 00:01:07,360 --> 00:01:08,600 Speaker 1: And so some of the things I like to focus 25 00:01:08,600 --> 00:01:10,119 Speaker 1: on are those two things, the growth of the network 26 00:01:10,160 --> 00:01:13,679 Speaker 1: and the development. And last week I was talking about 27 00:01:13,800 --> 00:01:16,160 Speaker 1: how I had just gotten back from Miami and I 28 00:01:16,240 --> 00:01:20,679 Speaker 1: was there for the bitcoino conference. It was amazing, and 29 00:01:20,840 --> 00:01:22,240 Speaker 1: I talked a little bit about it, but I didn't 30 00:01:22,280 --> 00:01:23,920 Speaker 1: get in super deep because I didn't really have time 31 00:01:23,959 --> 00:01:27,080 Speaker 1: to digest it and and go through all my notes 32 00:01:27,160 --> 00:01:29,080 Speaker 1: and and all that stuff. And so I wanted to 33 00:01:29,959 --> 00:01:32,240 Speaker 1: digging deep into some of the stuff that I came 34 00:01:32,280 --> 00:01:34,480 Speaker 1: back with because while I was there, I was able 35 00:01:34,520 --> 00:01:38,080 Speaker 1: to have some amazing conversations and really look at the 36 00:01:38,160 --> 00:01:40,800 Speaker 1: growth of the or that I should say, the development 37 00:01:40,880 --> 00:01:43,880 Speaker 1: happening on the network, and it's amazing what's going As 38 00:01:43,880 --> 00:01:46,760 Speaker 1: a matter of fact, there's been a new development on 39 00:01:46,880 --> 00:01:53,280 Speaker 1: bitcoin that just completely will blow you away. I'm gonna 40 00:01:53,280 --> 00:01:56,520 Speaker 1: say something that's really big and you may not agree 41 00:01:56,560 --> 00:01:59,040 Speaker 1: with it, or you may not like it, but it 42 00:01:59,040 --> 00:02:03,040 Speaker 1: doesn't change the real vality. But what's happening on bitcoin, well, 43 00:02:03,080 --> 00:02:04,960 Speaker 1: as I've said, it's going to change the course of humanity. 44 00:02:04,960 --> 00:02:08,520 Speaker 1: But what just happened, and I've been saying this for 45 00:02:08,520 --> 00:02:13,760 Speaker 1: a long time, I'm I'm choosing my words carefully here. UM, 46 00:02:13,800 --> 00:02:16,440 Speaker 1: I think that all the cryptocurrencies are let's say that 47 00:02:16,520 --> 00:02:20,440 Speaker 1: almost all the cryptocurrencies, the other fifteen thousand of them, 48 00:02:20,440 --> 00:02:24,960 Speaker 1: will eventually be built on top of bitcoin. UM. And 49 00:02:25,040 --> 00:02:28,000 Speaker 1: that's exactly what we have seen. There's new technology has 50 00:02:28,000 --> 00:02:29,760 Speaker 1: been released that I think is going to speed that up. 51 00:02:29,760 --> 00:02:31,720 Speaker 1: It's gonna be pretty amazing. It's gonna be interesting to watch, 52 00:02:31,720 --> 00:02:33,520 Speaker 1: and we're gonna have to see UM and you're gonna 53 00:02:33,560 --> 00:02:35,919 Speaker 1: say the mark, You're an idiot, you're stupid, you're you're 54 00:02:35,960 --> 00:02:38,240 Speaker 1: a MAXI whatever, And that's fine. We can all have 55 00:02:38,240 --> 00:02:40,919 Speaker 1: different opinions and neither of us know the future. But 56 00:02:41,040 --> 00:02:42,800 Speaker 1: either way, you want to know what's going on here. 57 00:02:42,800 --> 00:02:45,280 Speaker 1: It's pretty amazing. So let's talk about that a little bit. 58 00:02:45,639 --> 00:02:47,280 Speaker 1: So UM again. I was I was there at the 59 00:02:47,280 --> 00:02:49,320 Speaker 1: Bitcoin conference. UM. I was a speaker. I was a 60 00:02:49,320 --> 00:02:51,320 Speaker 1: speaker on the main stage. I worked the news desk 61 00:02:51,320 --> 00:02:52,919 Speaker 1: for a couple of days. And the reason why I 62 00:02:52,919 --> 00:02:55,359 Speaker 1: tell you that is because it gave me access. It 63 00:02:55,440 --> 00:02:58,800 Speaker 1: gave me access backstage to all the inside stuff. It 64 00:02:58,800 --> 00:03:00,639 Speaker 1: gave me access to all this speakers, It gave me 65 00:03:00,680 --> 00:03:02,760 Speaker 1: access to all the developers, and I got to have 66 00:03:02,880 --> 00:03:06,800 Speaker 1: some very interesting conversations there. Now, just talking about the 67 00:03:06,800 --> 00:03:08,840 Speaker 1: growth of the network for a minute. UM in two 68 00:03:08,880 --> 00:03:12,640 Speaker 1: thousand nineteen there was about fifteen hundred attendees, or maybe 69 00:03:12,720 --> 00:03:15,919 Speaker 1: less than two thousand. They didn't have it in because 70 00:03:15,919 --> 00:03:18,880 Speaker 1: you know COVID, but but one it had gone from 71 00:03:19,000 --> 00:03:23,200 Speaker 1: less than two thousand to just over ten thousand CLO's 72 00:03:23,200 --> 00:03:26,000 Speaker 1: called two thousand and ten thousand and five x UM 73 00:03:26,040 --> 00:03:30,960 Speaker 1: and then we went from ten thousand to thirty five thousand, 74 00:03:31,080 --> 00:03:35,920 Speaker 1: called thirty thousand. That's a three x. That's insane to 75 00:03:36,000 --> 00:03:38,200 Speaker 1: have that kind of growth. And what that tells you 76 00:03:38,600 --> 00:03:41,600 Speaker 1: is the growth of the network, right, that's the amount 77 00:03:41,640 --> 00:03:44,040 Speaker 1: of people that are coming in. That's how fast this 78 00:03:44,240 --> 00:03:47,200 Speaker 1: is growing. That's the reality. The price will catch up. 79 00:03:47,240 --> 00:03:49,200 Speaker 1: The price will catch up. This reality. I do want 80 00:03:49,200 --> 00:03:52,120 Speaker 1: to say that to about thirty five thousand attendees UM. 81 00:03:52,280 --> 00:03:55,600 Speaker 1: The they put out a report showing exactly what went 82 00:03:55,640 --> 00:03:58,400 Speaker 1: into producing this event, and they reported to have spent 83 00:03:58,560 --> 00:04:02,640 Speaker 1: over thirty million million dollars in production costs, which is amazing. 84 00:04:03,000 --> 00:04:04,800 Speaker 1: I say that because I saw a lot of people 85 00:04:05,120 --> 00:04:07,400 Speaker 1: UM in the space going. I can't believe they charge 86 00:04:07,440 --> 00:04:10,360 Speaker 1: so much for a ticket. They should make these events free. 87 00:04:10,920 --> 00:04:13,400 Speaker 1: And it's like, I mean, man, it costs money to 88 00:04:13,400 --> 00:04:16,120 Speaker 1: put these events on. It costs thirty million dollars. It's 89 00:04:16,120 --> 00:04:19,159 Speaker 1: about it about a thousand bucks per person to put 90 00:04:19,240 --> 00:04:22,960 Speaker 1: this event on. So I thought that was pretty interesting 91 00:04:23,000 --> 00:04:25,520 Speaker 1: that they shared that, and I appreciate that. And I 92 00:04:25,560 --> 00:04:27,520 Speaker 1: can tell you that I've been running my own event, which, 93 00:04:27,600 --> 00:04:30,080 Speaker 1: by the way, I have my second annual event coming up. 94 00:04:30,120 --> 00:04:32,760 Speaker 1: It's called Market Disruptors Live. If you want to learn 95 00:04:32,760 --> 00:04:35,400 Speaker 1: how to build, grow and protect your wealth UM in 96 00:04:35,440 --> 00:04:38,960 Speaker 1: the in this decentralized revolution that we're living through right now, 97 00:04:39,040 --> 00:04:41,680 Speaker 1: then you do not want to miss Market Disruptors Live 98 00:04:41,760 --> 00:04:44,280 Speaker 1: dot com. It's coming up next month. And I can 99 00:04:44,320 --> 00:04:46,280 Speaker 1: tell you my numbers are about the same. I mean, 100 00:04:46,320 --> 00:04:49,240 Speaker 1: it costs about a thousand dollars per person to throw 101 00:04:49,279 --> 00:04:51,159 Speaker 1: the event. That's what that's what that's what the Bitcoin 102 00:04:51,200 --> 00:04:54,799 Speaker 1: conference costs UM about about a thousand dollars per person, 103 00:04:54,839 --> 00:04:57,000 Speaker 1: and that's that's about what it costs. So I just 104 00:04:57,040 --> 00:05:00,200 Speaker 1: thought i'd share that's pretty interesting. UM but anyway, UM, 105 00:05:00,240 --> 00:05:02,200 Speaker 1: some of the stuff that I saw, so some of 106 00:05:02,200 --> 00:05:03,520 Speaker 1: the stuff. So a lot of times people think that 107 00:05:03,560 --> 00:05:06,159 Speaker 1: bitcoin is like old technology. It's like Facebook. I'm sorry, 108 00:05:06,160 --> 00:05:07,960 Speaker 1: it looks like my Space and we'll have a Facebook 109 00:05:07,960 --> 00:05:12,479 Speaker 1: there or something like that. Bitcoin's old, slow and clunky bitcoin, 110 00:05:12,800 --> 00:05:17,280 Speaker 1: Bitcoin is too slow to transfer value. UM. Peter Theol, um, 111 00:05:17,640 --> 00:05:20,599 Speaker 1: if you recognize that name. Peter theol was the the 112 00:05:20,640 --> 00:05:24,880 Speaker 1: original founder of PayPal. UM. He started PayPal to change 113 00:05:24,960 --> 00:05:27,000 Speaker 1: the financial system. He thought he could change the federal 114 00:05:27,040 --> 00:05:32,880 Speaker 1: reserve system. And uh, he's prolific tech tech investor, UM, 115 00:05:32,920 --> 00:05:36,480 Speaker 1: amazingly smart. I mean he's forgotten more than I'll ever know. Uh, 116 00:05:36,600 --> 00:05:38,800 Speaker 1: he's he's amazingly smart. So not trying to put it 117 00:05:38,880 --> 00:05:41,600 Speaker 1: against him. But he spoke at the Bitcoin conference and 118 00:05:41,640 --> 00:05:43,600 Speaker 1: I and I was a little bit, Uh, I was 119 00:05:43,600 --> 00:05:46,480 Speaker 1: a little taken back by his presentation because it showed 120 00:05:46,520 --> 00:05:49,760 Speaker 1: like this, um, this whole in his thinking, like he 121 00:05:49,800 --> 00:05:54,279 Speaker 1: had to this. He was missing something And I don't know, 122 00:05:54,360 --> 00:05:55,880 Speaker 1: Am I that smart that I can see it and 123 00:05:55,960 --> 00:05:58,560 Speaker 1: he doesn't, And so kind of surprised me. And as 124 00:05:58,600 --> 00:06:00,679 Speaker 1: it turned out, I was invited to the private event 125 00:06:00,800 --> 00:06:05,360 Speaker 1: on just a couple of days ago, another friend, Alex Epstein, 126 00:06:05,520 --> 00:06:08,960 Speaker 1: just wrote a book called the Fossil Fuels. He previously 127 00:06:09,000 --> 00:06:11,359 Speaker 1: wrote a book called The Case for Fossil Fuels, and 128 00:06:11,400 --> 00:06:13,760 Speaker 1: now his new books called Fossil Future. And if you've 129 00:06:14,000 --> 00:06:16,600 Speaker 1: can guess by the titles, it's about why we need 130 00:06:17,480 --> 00:06:20,800 Speaker 1: more more abundant, cheap energy, why the world needs that 131 00:06:21,480 --> 00:06:24,839 Speaker 1: um And so anyway, he had this book released party 132 00:06:25,000 --> 00:06:27,080 Speaker 1: in Newport Beach and I got to go to that. 133 00:06:27,200 --> 00:06:30,080 Speaker 1: Luckily I was invited, and Peter Thiel was there and 134 00:06:30,160 --> 00:06:32,080 Speaker 1: he was actually one of the co presenters and it 135 00:06:32,120 --> 00:06:34,080 Speaker 1: was just a small event, fifty people something like that. 136 00:06:34,160 --> 00:06:35,880 Speaker 1: So I got a chance to go talk to Peter 137 00:06:35,920 --> 00:06:38,120 Speaker 1: theele and I said, hey, Peter, you know, I caught 138 00:06:38,160 --> 00:06:40,920 Speaker 1: your presentation. I really liked it. I thought it was 139 00:06:40,960 --> 00:06:43,760 Speaker 1: really good. But I think there was something you might 140 00:06:43,760 --> 00:06:45,320 Speaker 1: have been missing, and I just I just like to 141 00:06:45,360 --> 00:06:47,640 Speaker 1: ask you about it. And uh, I said, you said 142 00:06:47,640 --> 00:06:49,760 Speaker 1: that you know, bitcoin is good for a store of value, 143 00:06:50,240 --> 00:06:53,240 Speaker 1: but then you need something like ethereum to have velocity 144 00:06:53,320 --> 00:06:55,240 Speaker 1: in order to get the speed that you need. Well, 145 00:06:55,279 --> 00:06:57,840 Speaker 1: first of all, um, ethereum has about the same slow 146 00:06:57,880 --> 00:07:00,720 Speaker 1: transaction time as bitcoin. But I said what's your what's your? What? 147 00:07:00,720 --> 00:07:03,039 Speaker 1: What you what I think you're missing? I'm trying to 148 00:07:03,040 --> 00:07:05,640 Speaker 1: say it's very respectfully. What I think you're missing is 149 00:07:05,680 --> 00:07:08,600 Speaker 1: that Bitcoin is both. Bitcoin is both the store value 150 00:07:08,760 --> 00:07:12,480 Speaker 1: and using Layer two applications like Lightning, I can send 151 00:07:12,480 --> 00:07:16,920 Speaker 1: bitcoin faster and cheaper than any other cryptocurrency that's out there. 152 00:07:17,200 --> 00:07:19,400 Speaker 1: I can send it faster than Visa, I can send 153 00:07:19,400 --> 00:07:24,640 Speaker 1: it faster than anything. And he's like, well, I didn't know. 154 00:07:24,880 --> 00:07:27,160 Speaker 1: I'm not really that caught up on Lightning. He said, 155 00:07:27,240 --> 00:07:29,440 Speaker 1: if it works like you say it does, that would 156 00:07:29,440 --> 00:07:32,080 Speaker 1: be amazing. I said, well it does. I've been to 157 00:07:32,120 --> 00:07:35,160 Speaker 1: El Salvador many times. I've used it over and over. 158 00:07:35,200 --> 00:07:36,880 Speaker 1: I've used Lightning, and I can tell you that I 159 00:07:36,960 --> 00:07:40,440 Speaker 1: can send bitcoin over the Lightning network faster than Mike, 160 00:07:40,560 --> 00:07:42,880 Speaker 1: than than the point of sale credit card terminal can 161 00:07:42,920 --> 00:07:46,360 Speaker 1: even dial in and run the credit card transaction. And 162 00:07:46,400 --> 00:07:48,040 Speaker 1: he's like, well, I guess, I guess I have to 163 00:07:48,040 --> 00:07:50,200 Speaker 1: look more into that. And so the reason why I 164 00:07:50,200 --> 00:07:53,480 Speaker 1: tell you that story is because, um, I'm talking about 165 00:07:53,560 --> 00:07:56,720 Speaker 1: Lightning specifically. So Lightning is an application that's built on 166 00:07:56,880 --> 00:07:59,480 Speaker 1: top of the Bitcoin network that allows it to do 167 00:07:59,520 --> 00:08:02,080 Speaker 1: a lot of other Apple, lots of other applications, lots 168 00:08:02,080 --> 00:08:05,360 Speaker 1: of other things that there the base blockchain layer of 169 00:08:05,360 --> 00:08:08,920 Speaker 1: bitcoin blockchain cannot do. A lot of people don't know this, 170 00:08:09,280 --> 00:08:11,280 Speaker 1: and I want to tell even Peter Field didn't know this, 171 00:08:11,680 --> 00:08:13,760 Speaker 1: and this is what most people are missing and you 172 00:08:13,760 --> 00:08:17,000 Speaker 1: need to understand this. So UM Lightning Labs is a 173 00:08:17,040 --> 00:08:20,880 Speaker 1: company that builds out this hardware. Now they introduce something 174 00:08:21,040 --> 00:08:24,600 Speaker 1: that's so big and so massive, it's literally going to 175 00:08:24,720 --> 00:08:27,040 Speaker 1: change the world. And I don't mean that. I don't 176 00:08:27,040 --> 00:08:28,800 Speaker 1: mean that lightly, and I want to tell you what 177 00:08:28,840 --> 00:08:30,600 Speaker 1: they're doing. They raised a bunch of money, but I 178 00:08:30,640 --> 00:08:34,120 Speaker 1: want to tell you about a new release UM and 179 00:08:34,200 --> 00:08:36,839 Speaker 1: what it's gonna do. I'm gonna explain that, and then 180 00:08:36,880 --> 00:08:39,320 Speaker 1: we'll take a look and see how that can change 181 00:08:39,360 --> 00:08:46,440 Speaker 1: stable coins defy n f T. I mean, what what 182 00:08:46,480 --> 00:08:47,800 Speaker 1: this is gonna change. I' gonna tell you about some 183 00:08:47,800 --> 00:08:50,479 Speaker 1: of the other announcements of of some of the developers 184 00:08:50,520 --> 00:08:53,079 Speaker 1: that I was there with because I got the inside 185 00:08:53,080 --> 00:08:54,319 Speaker 1: scoop and I want to give it to you. That's 186 00:08:54,320 --> 00:08:56,280 Speaker 1: the benefit of you getting the tune and listen to me. 187 00:08:56,320 --> 00:08:58,080 Speaker 1: By the way, you're listening to the Mark Moa show 188 00:08:58,520 --> 00:09:02,599 Speaker 1: and we're talking about bitcoin and cryptocurrencies and the decentralized revolution, 189 00:09:03,080 --> 00:09:06,480 Speaker 1: talking about how it's changing the world right before our 190 00:09:06,600 --> 00:09:10,840 Speaker 1: very eyes. And UM, some people, even some of the 191 00:09:10,880 --> 00:09:13,920 Speaker 1: smartest people in the world, like Peter feel are missing it. UM. 192 00:09:13,920 --> 00:09:17,360 Speaker 1: Not because not because they don't understand it. It's just 193 00:09:17,480 --> 00:09:19,480 Speaker 1: you have to spend a lot of time studying this stuff, 194 00:09:19,480 --> 00:09:21,800 Speaker 1: and I do, and I get to talk to these people, 195 00:09:21,800 --> 00:09:23,520 Speaker 1: and so I want to share with you. You don't 196 00:09:23,559 --> 00:09:25,200 Speaker 1: want to miss it. You don't want to miss what's 197 00:09:25,200 --> 00:09:29,120 Speaker 1: going on. Could miss the biggest investment opportunity of your life. 198 00:09:29,440 --> 00:09:31,719 Speaker 1: You're listening to the Markma Show talking about bitcoin and 199 00:09:31,760 --> 00:09:33,760 Speaker 1: the decentralized revolution. I'm gonna be right back with more. 200 00:09:33,920 --> 00:09:36,240 Speaker 1: Don't go away, all right, Welcome back. You are listening 201 00:09:36,280 --> 00:09:38,559 Speaker 1: to the Markma Show. We're talking about bitcoin, We're talking 202 00:09:38,600 --> 00:09:43,200 Speaker 1: about cryptocurrencies. We're talking about the decentralized revolution. UM talking 203 00:09:43,240 --> 00:09:46,960 Speaker 1: about the intersection, as I say, the intersection of politics, finance, 204 00:09:47,040 --> 00:09:50,000 Speaker 1: and technology where all three of them are converging at 205 00:09:50,000 --> 00:09:52,920 Speaker 1: the same time. Before the break, I was talking about 206 00:09:53,240 --> 00:09:56,720 Speaker 1: UM being an insider at the Bitcoin conference, UM, the 207 00:09:56,800 --> 00:09:58,760 Speaker 1: growth of the conference, the amount of people that are there, 208 00:09:58,760 --> 00:10:00,400 Speaker 1: because I was a speaker on the main stays are 209 00:10:00,400 --> 00:10:02,160 Speaker 1: at access to the backstage, and I gotta hang out 210 00:10:02,160 --> 00:10:04,319 Speaker 1: with the developers and the and the investors, and I 211 00:10:04,360 --> 00:10:06,400 Speaker 1: gotta get the inside scoop. And I talked about it 212 00:10:06,480 --> 00:10:08,480 Speaker 1: last week, but I didn't really get to digest all 213 00:10:08,480 --> 00:10:10,439 Speaker 1: my notes and gets prepared for you, and so I 214 00:10:10,520 --> 00:10:11,840 Speaker 1: kind of want to come back and tell you about 215 00:10:11,880 --> 00:10:14,640 Speaker 1: some of this stuff. And so before the break, I 216 00:10:14,679 --> 00:10:17,320 Speaker 1: was just talking about Peter Thiel and his presentation there 217 00:10:17,679 --> 00:10:19,160 Speaker 1: and how I got a chance to actually talk to 218 00:10:19,200 --> 00:10:21,360 Speaker 1: him a couple of days ago and how he kind 219 00:10:21,360 --> 00:10:23,040 Speaker 1: of missed this and maybe you are too, and so 220 00:10:23,440 --> 00:10:26,240 Speaker 1: um bitcoin, Well, the way technology works, as scales and 221 00:10:26,360 --> 00:10:29,160 Speaker 1: layers and so, like gold is like a base settlement layer. 222 00:10:29,160 --> 00:10:30,959 Speaker 1: If I hold gold, nobody else has gold. If I 223 00:10:31,000 --> 00:10:32,880 Speaker 1: hand it to you, now you have the gold. But 224 00:10:32,920 --> 00:10:36,920 Speaker 1: in order to get velocity, in order to move that faster, UM, 225 00:10:36,920 --> 00:10:38,520 Speaker 1: I put the gold in a bank and then they 226 00:10:38,559 --> 00:10:40,400 Speaker 1: gave me a paper goalstificate and now I can move 227 00:10:40,440 --> 00:10:42,520 Speaker 1: paper goal stick. It's very fast. So that was a 228 00:10:42,600 --> 00:10:45,640 Speaker 1: layer two. It's not final settlement. Um. In order to 229 00:10:45,640 --> 00:10:47,400 Speaker 1: get the final settlement, i'd stuff to take that paper 230 00:10:47,400 --> 00:10:48,960 Speaker 1: goalstificate and take it back to the bank and then 231 00:10:48,960 --> 00:10:51,320 Speaker 1: I can get the gold UM and and that's sort 232 00:10:51,320 --> 00:10:53,760 Speaker 1: of what the Internet has done as well. And so 233 00:10:53,840 --> 00:10:55,760 Speaker 1: we have the Internet, which is this tc P i 234 00:10:55,800 --> 00:10:58,959 Speaker 1: P protocol, and then if we want things like email, 235 00:10:59,080 --> 00:11:01,800 Speaker 1: we scale on top of at SMTP. We want security, 236 00:11:01,840 --> 00:11:04,440 Speaker 1: it's a GTPs and so bitcoin is also similar. So 237 00:11:04,440 --> 00:11:06,800 Speaker 1: we have this base settlement layer, and then on layer 238 00:11:06,800 --> 00:11:09,720 Speaker 1: two there's a few different Layer two applications and they're 239 00:11:09,720 --> 00:11:11,480 Speaker 1: able to make trade offs and so they can be 240 00:11:11,600 --> 00:11:16,040 Speaker 1: faster or more private or something like that, or cheaper um, 241 00:11:16,080 --> 00:11:18,720 Speaker 1: but they're not final settlement their second layer. But it's 242 00:11:18,720 --> 00:11:21,120 Speaker 1: still moving in the same asset. And so we have Lightning, 243 00:11:21,720 --> 00:11:24,120 Speaker 1: we have Liquid, we have r s K, we have 244 00:11:24,160 --> 00:11:26,040 Speaker 1: a we have a couple of these, but Lightning Labs 245 00:11:26,080 --> 00:11:27,440 Speaker 1: is the big one. Lightning is the big one. And 246 00:11:27,440 --> 00:11:30,760 Speaker 1: they announced a seventy million that's right, seven zero seventy 247 00:11:30,760 --> 00:11:34,680 Speaker 1: million zero series we capital raise. UM, so I have 248 00:11:34,679 --> 00:11:35,920 Speaker 1: a lot of money to go do a lot of things, 249 00:11:35,960 --> 00:11:39,280 Speaker 1: which is cool. And this is important for a couple 250 00:11:39,280 --> 00:11:42,640 Speaker 1: of reasons. Um. You hear a lot about fifteen thousand cryptocurrencies, 251 00:11:42,640 --> 00:11:44,679 Speaker 1: and the reason why is anyone who starts a cryptocurrency 252 00:11:44,760 --> 00:11:48,320 Speaker 1: can literally print themselves money. You can go start a 253 00:11:48,320 --> 00:11:52,360 Speaker 1: new cryptocurrency call it marks coin, and I can go say, 254 00:11:52,400 --> 00:11:54,520 Speaker 1: I'm gonna have a hundred million coins, and I can 255 00:11:54,559 --> 00:11:58,360 Speaker 1: get uh, I can get these vcs to UM give me, 256 00:11:58,559 --> 00:12:01,720 Speaker 1: you know, money, and I'm gonna sell them of mark 257 00:12:01,760 --> 00:12:04,360 Speaker 1: coin and I'm gonna keep six from myself. And they 258 00:12:04,480 --> 00:12:07,280 Speaker 1: these vcs love that deal because they just we're able 259 00:12:07,320 --> 00:12:09,280 Speaker 1: to buy printed money. They buy them for me for 260 00:12:09,520 --> 00:12:11,320 Speaker 1: three cents a piece, and they turn around a sound 261 00:12:11,360 --> 00:12:14,200 Speaker 1: for three bucks a piece. Right, And so that's easy. 262 00:12:14,400 --> 00:12:17,040 Speaker 1: You can just go prench yourself bucks. But to build 263 00:12:17,040 --> 00:12:19,880 Speaker 1: on bitcoin, you have to go meet with real investors. 264 00:12:20,679 --> 00:12:22,520 Speaker 1: They have to give you real money, and they want 265 00:12:22,520 --> 00:12:24,880 Speaker 1: to invest into real companies that are building real products. 266 00:12:25,040 --> 00:12:27,199 Speaker 1: You can't just print money for free. You can't create 267 00:12:27,280 --> 00:12:30,080 Speaker 1: more bitcoin. And so for Lightning Labs, for any bitcoin 268 00:12:30,120 --> 00:12:33,080 Speaker 1: company to raise money, it's a way bigger deal than 269 00:12:33,120 --> 00:12:35,920 Speaker 1: for a crypto company who just printed that money. So 270 00:12:36,040 --> 00:12:38,480 Speaker 1: Lightning Labs to raise seventy million dollars a really big deal. 271 00:12:38,880 --> 00:12:41,320 Speaker 1: But most importantly, UM what they're using with it. And 272 00:12:41,559 --> 00:12:44,440 Speaker 1: they announced the new specification called Taro t A r 273 00:12:44,440 --> 00:12:50,040 Speaker 1: oh and if successful, it will allow multiple asset types 274 00:12:50,080 --> 00:12:54,720 Speaker 1: to be issued on the Bitcoin Lightning network. All right, now, 275 00:12:54,840 --> 00:12:58,200 Speaker 1: this is a big deal. What does that mean? Well, 276 00:12:58,520 --> 00:13:01,959 Speaker 1: the most notable feature will be probably for stable coins. 277 00:13:02,120 --> 00:13:04,880 Speaker 1: So stable coins are coins that are pegged to a dollar. 278 00:13:05,280 --> 00:13:08,199 Speaker 1: Right there, they're getting very prolific. Um. I put a 279 00:13:08,240 --> 00:13:10,600 Speaker 1: dollar in um in you give me a dollar stable coin, 280 00:13:10,800 --> 00:13:12,719 Speaker 1: and the stable means it's always pegged to a dollar. 281 00:13:12,760 --> 00:13:15,520 Speaker 1: It's always worth one dollar. Um. Not that the dollar 282 00:13:15,600 --> 00:13:18,040 Speaker 1: is very stable, but it's always worth one dollar. And 283 00:13:18,080 --> 00:13:19,800 Speaker 1: then I can move those dollars around the world very 284 00:13:19,840 --> 00:13:23,880 Speaker 1: quickly like a cryptocurrency. And so um we can now 285 00:13:24,160 --> 00:13:25,880 Speaker 1: um with this tar update will be able to use 286 00:13:26,120 --> 00:13:29,079 Speaker 1: use it for stable coins, and it will send stable 287 00:13:29,120 --> 00:13:33,600 Speaker 1: coins instantly and nearly for free. Now right now, if 288 00:13:33,600 --> 00:13:36,040 Speaker 1: you're trying to do them over ethereum uh, it could 289 00:13:36,040 --> 00:13:38,880 Speaker 1: cost you thirts to send that transaction. It takes a 290 00:13:38,920 --> 00:13:41,880 Speaker 1: long time. But if I do it over lightning, over 291 00:13:41,880 --> 00:13:44,800 Speaker 1: the Bitcoin network over Lightning, it can be done instant 292 00:13:45,320 --> 00:13:49,800 Speaker 1: and nearly for free. It could also technically be used 293 00:13:49,840 --> 00:13:52,439 Speaker 1: for n f t s. That's right, n f t 294 00:13:52,640 --> 00:13:57,480 Speaker 1: S or wrapped versions of other blockchain tokens. So right now, 295 00:13:57,640 --> 00:14:00,480 Speaker 1: like Atherorium for example, you could do like a wrapped Bitcoin. 296 00:14:00,840 --> 00:14:02,480 Speaker 1: But now on this you might be able to do 297 00:14:02,480 --> 00:14:05,800 Speaker 1: a rapt ethereum on Bitcoin or any other security for 298 00:14:05,840 --> 00:14:07,959 Speaker 1: that matter. Security wh would be like stocks, like a 299 00:14:07,960 --> 00:14:11,400 Speaker 1: share of Tesla or Apple something like that. The way 300 00:14:11,440 --> 00:14:15,320 Speaker 1: it work in practice is basically UM. Anybody with a 301 00:14:15,320 --> 00:14:18,280 Speaker 1: mobile lightning wallet, which if you have a Bitcoin wallet 302 00:14:18,280 --> 00:14:21,120 Speaker 1: downloaded on your phone, it probably supports Lightning. If it doesn't, 303 00:14:21,400 --> 00:14:23,240 Speaker 1: get rid of it, get another one, but like blue 304 00:14:23,240 --> 00:14:26,880 Speaker 1: wallet or wallet of Toshi like those do UM. And 305 00:14:26,920 --> 00:14:29,040 Speaker 1: so I'd have a wallet with Lightning wallet, I'd have 306 00:14:29,040 --> 00:14:31,280 Speaker 1: a Bitcoin balance as well as a balance for usd 307 00:14:31,360 --> 00:14:33,640 Speaker 1: stable coins in it. So I'd have Bitcoin, and I'd 308 00:14:33,640 --> 00:14:36,760 Speaker 1: have US dollars basically in there, and any other assets 309 00:14:36,800 --> 00:14:39,440 Speaker 1: I might be holding. I could also have UM shares 310 00:14:39,520 --> 00:14:43,000 Speaker 1: of an apartment complex or a hotel chain or UM 311 00:14:43,120 --> 00:14:45,800 Speaker 1: Apple or Tesla stock, right, and then I could send 312 00:14:45,800 --> 00:14:50,520 Speaker 1: those assets around very easily over the Lightning network. So 313 00:14:50,760 --> 00:14:52,680 Speaker 1: it could be U S dollars on stable coins, it 314 00:14:52,680 --> 00:14:54,720 Speaker 1: could be shares of this hotel, and I could send 315 00:14:54,720 --> 00:14:59,080 Speaker 1: those assets instantly and for free. An excerpt from Lightning 316 00:14:59,160 --> 00:15:02,520 Speaker 1: Labs to erectly from them says that the new tap 317 00:15:02,600 --> 00:15:05,360 Speaker 1: Root powered protocol for issuing assets on the Bitcoin blockchain 318 00:15:05,360 --> 00:15:08,160 Speaker 1: that could be transferred over the Lightning network for instant, 319 00:15:08,440 --> 00:15:12,680 Speaker 1: high volume, low fee transactions. At its core, Taro taps 320 00:15:12,720 --> 00:15:15,880 Speaker 1: into the security and stability of the Bitcoin network and 321 00:15:15,960 --> 00:15:19,160 Speaker 1: the speed, scalability and low fees of the Lightning network. 322 00:15:19,160 --> 00:15:22,160 Speaker 1: And so this is what people are missing. Bitcoin is 323 00:15:22,320 --> 00:15:26,240 Speaker 1: the most secure, most essentialized network period. Nothing comes close 324 00:15:26,320 --> 00:15:28,440 Speaker 1: to that at all period. There's just there's just no 325 00:15:28,520 --> 00:15:31,240 Speaker 1: argument that nobody can make an argument for them. However, 326 00:15:31,280 --> 00:15:33,440 Speaker 1: people would argue, but it's too slow, and so we 327 00:15:33,480 --> 00:15:36,080 Speaker 1: need something else to be faster. But when you put 328 00:15:36,120 --> 00:15:39,200 Speaker 1: when you use Lightning and Bitcoin together, you get both. 329 00:15:39,560 --> 00:15:44,240 Speaker 1: You get um the most secure network and you get instant, 330 00:15:44,320 --> 00:15:49,000 Speaker 1: high volume, low fee transactions at the same time. UM 331 00:15:49,040 --> 00:15:55,000 Speaker 1: And that's the That's a big deal, um It, says uh. 332 00:15:55,160 --> 00:15:58,600 Speaker 1: Taproo says Taro is conceptually similar to clark Coins. Um 333 00:15:58,640 --> 00:16:01,720 Speaker 1: it improves privacy and scale ay Assets issued on Taro 334 00:16:01,800 --> 00:16:04,480 Speaker 1: can be deposited into Lightning network channels, where nodes can 335 00:16:04,480 --> 00:16:07,480 Speaker 1: offer atomic conversion from Bitcoin to Tara assets. So basically 336 00:16:07,480 --> 00:16:09,600 Speaker 1: what it's saying is I use this bitcoin wallet that 337 00:16:09,720 --> 00:16:13,640 Speaker 1: supports lightning, and inside the wallet, I don't need to 338 00:16:13,640 --> 00:16:17,920 Speaker 1: an exchange. It could automatically convert the assets, so I 339 00:16:17,920 --> 00:16:20,400 Speaker 1: don't need to exchange and I could just convert it, 340 00:16:20,440 --> 00:16:22,000 Speaker 1: which is pretty cool because an exchange, I have to 341 00:16:22,040 --> 00:16:24,360 Speaker 1: find somebody else wanted to be through the exchange with me, 342 00:16:24,840 --> 00:16:28,320 Speaker 1: and so um and it allows things to inter operate, 343 00:16:28,720 --> 00:16:32,760 Speaker 1: so any asset, a security, a stock, whatever, um built 344 00:16:32,840 --> 00:16:36,640 Speaker 1: on Taro would be interoperably able to work together with this, 345 00:16:37,760 --> 00:16:41,400 Speaker 1: which is pretty cool. Says participants on Taro transfer bear 346 00:16:41,440 --> 00:16:44,280 Speaker 1: the costs of verification and storage by story and Taro. 347 00:16:44,680 --> 00:16:47,840 Speaker 1: That's a little bit technical stuff, but the summary is basically, 348 00:16:47,880 --> 00:16:50,960 Speaker 1: it allows assets to be issued on the bitcoin block chain. 349 00:16:51,000 --> 00:16:53,920 Speaker 1: So now assets so shares of Apple or Tesla, shares 350 00:16:53,960 --> 00:16:57,560 Speaker 1: of a hotel chain, or stable coins on the bitcoin 351 00:16:57,600 --> 00:17:02,000 Speaker 1: block chain. It leverages tap root privacy and scalability. So 352 00:17:02,000 --> 00:17:04,240 Speaker 1: a lot of people like, well, um, bitcoin is not 353 00:17:04,280 --> 00:17:06,639 Speaker 1: good because it's not it's not private. That's why I 354 00:17:06,680 --> 00:17:09,480 Speaker 1: need x y Z privacy coin or pirate pirate coin 355 00:17:09,640 --> 00:17:12,720 Speaker 1: or mow narrow. Well, if we use if we leverage 356 00:17:12,720 --> 00:17:15,200 Speaker 1: tap root, we can have privacy and scalability. It says 357 00:17:15,240 --> 00:17:18,199 Speaker 1: assets can be deposited into lightning channels. UM. Assets can 358 00:17:18,240 --> 00:17:20,920 Speaker 1: be transferred over the existing lightning network and so UM again, 359 00:17:21,040 --> 00:17:23,560 Speaker 1: I can send bitcoin either on the main chain, which 360 00:17:23,600 --> 00:17:26,720 Speaker 1: is slow and expensive. I mean when I say slow 361 00:17:26,720 --> 00:17:29,359 Speaker 1: and expensive, I could send a billion dollars a bitcoin 362 00:17:29,440 --> 00:17:32,600 Speaker 1: if I had a billion UM for you know, maybe 363 00:17:32,600 --> 00:17:36,920 Speaker 1: a dollar in uh, you know, twenty minutes, fifteen minutes. UM. 364 00:17:36,960 --> 00:17:38,960 Speaker 1: That's slow and expensive, faster than I could drive to 365 00:17:39,000 --> 00:17:41,400 Speaker 1: the bank. Can do a wire transfer, um. But over 366 00:17:41,440 --> 00:17:45,320 Speaker 1: the lightning network, it's literally instant. And I'm sending bitcoin, 367 00:17:45,520 --> 00:17:49,160 Speaker 1: but it's over this network, UM, and so it's pretty 368 00:17:49,160 --> 00:17:52,120 Speaker 1: amazing what it's gonna do. UM. It's a very light 369 00:17:52,240 --> 00:17:55,360 Speaker 1: client friendly and so what does that mean? So bitcoin 370 00:17:55,440 --> 00:17:57,480 Speaker 1: has kept these small blocks which allows it to be 371 00:17:57,520 --> 00:17:59,280 Speaker 1: a very low client and so you can do it 372 00:17:59,320 --> 00:18:02,640 Speaker 1: over phone is, over mesh networks, things like that. UM. 373 00:18:02,680 --> 00:18:05,280 Speaker 1: But I want to tell you about what this can 374 00:18:05,440 --> 00:18:08,359 Speaker 1: actually do in the future. So I want a future 375 00:18:08,440 --> 00:18:10,679 Speaker 1: castes so you can understand a little bit. It might 376 00:18:10,720 --> 00:18:12,159 Speaker 1: be a little bit in the weeds for you. Right now. 377 00:18:12,200 --> 00:18:13,840 Speaker 1: What I want to make it make sense. You're listening 378 00:18:13,840 --> 00:18:16,919 Speaker 1: to the Markma Show talking about bitcoin, talking about cryptocurrency, 379 00:18:16,960 --> 00:18:19,240 Speaker 1: is talking about the rede centralized revolution. I'll be right back, 380 00:18:19,720 --> 00:18:21,960 Speaker 1: all right, welcome back. You are listening to the Markma Show. 381 00:18:21,960 --> 00:18:24,560 Speaker 1: We're talking about bitcoin, We're talking about cryptocurrencies. We are 382 00:18:24,600 --> 00:18:29,200 Speaker 1: talking about the decentralized revolution that's happening, and I'm narrating 383 00:18:29,200 --> 00:18:30,520 Speaker 1: it for you. I'm trying to give you the play 384 00:18:30,600 --> 00:18:34,280 Speaker 1: by pay so you can get in before the masses. 385 00:18:34,320 --> 00:18:36,840 Speaker 1: Like we say, everybody will buy at the price they deserve, 386 00:18:37,400 --> 00:18:40,320 Speaker 1: and I think you deserve to get in at a 387 00:18:40,359 --> 00:18:42,440 Speaker 1: good low price, like right now today, And of course 388 00:18:42,440 --> 00:18:45,040 Speaker 1: you need the information to do that. Um, I'm I'm 389 00:18:45,080 --> 00:18:48,280 Speaker 1: talking about my experience at the Bitcoin conference. I know 390 00:18:48,359 --> 00:18:49,960 Speaker 1: I covered it a little bit last week, but I 391 00:18:50,000 --> 00:18:53,120 Speaker 1: kind of gave you just a quick overview. I hadn't 392 00:18:53,119 --> 00:18:54,800 Speaker 1: really had time to go back and look review my 393 00:18:54,880 --> 00:18:57,360 Speaker 1: notes and have some follow up conversations to really dig 394 00:18:57,359 --> 00:18:59,160 Speaker 1: into some of the stuff. And since I was there 395 00:18:59,160 --> 00:19:01,800 Speaker 1: and I was an insider, I gotta have access to 396 00:19:01,840 --> 00:19:04,119 Speaker 1: conversations that most people didn't. I wanted to kind of 397 00:19:04,160 --> 00:19:06,119 Speaker 1: explain some of this to you, and so, UM, the 398 00:19:06,119 --> 00:19:09,920 Speaker 1: biggest announcement that was made was Lightning Labs coming out 399 00:19:09,920 --> 00:19:12,439 Speaker 1: with this taro, and so I was explaining that to 400 00:19:12,480 --> 00:19:16,040 Speaker 1: you just before the break. If you've missed it so far, UM, 401 00:19:16,080 --> 00:19:18,080 Speaker 1: well I'm not gonna repeat myself. But what you can 402 00:19:18,119 --> 00:19:21,159 Speaker 1: do is you can search Mark Moss I Heart or 403 00:19:21,200 --> 00:19:23,760 Speaker 1: Mark Moss podcast and you can listen to the podcast 404 00:19:23,840 --> 00:19:26,080 Speaker 1: which will come out um later and you can catch 405 00:19:26,160 --> 00:19:29,359 Speaker 1: up on it there. But basically, this Taro is the 406 00:19:29,480 --> 00:19:34,440 Speaker 1: second layer platform. Um and uh. And like I said, 407 00:19:34,480 --> 00:19:38,119 Speaker 1: we can already send assets nearly instant and free. And 408 00:19:38,160 --> 00:19:41,320 Speaker 1: I've used it. It works, Um, go down to El Salvador. 409 00:19:41,320 --> 00:19:43,479 Speaker 1: It works. I mean I used it at the Bitcoin conference. 410 00:19:43,520 --> 00:19:45,800 Speaker 1: I did a book signing when I was there. By 411 00:19:45,800 --> 00:19:47,360 Speaker 1: the way, I have a new book out. It's called 412 00:19:47,400 --> 00:19:53,240 Speaker 1: The Uncommunist Manifesto. Um. We just launched it. It's in Kickstarter. 413 00:19:53,320 --> 00:19:54,520 Speaker 1: I don't know by the time you listen to this, 414 00:19:54,520 --> 00:19:56,359 Speaker 1: the kickstarter might be over, but then you can just 415 00:19:56,400 --> 00:20:00,000 Speaker 1: buy it. But you can check out at Uncommunist dot com. 416 00:20:00,160 --> 00:20:02,160 Speaker 1: And so at the Bitcoin conference, I did a book 417 00:20:02,200 --> 00:20:03,639 Speaker 1: signing for two days when I was there, and of 418 00:20:03,680 --> 00:20:06,920 Speaker 1: course we were taking bitcoin at the Bitcoin Conference of course, 419 00:20:07,440 --> 00:20:09,960 Speaker 1: and while we're doing a book signing, we can't wait, 420 00:20:10,040 --> 00:20:12,199 Speaker 1: you know, ten or fifteen minutes for the bitcoin to 421 00:20:12,240 --> 00:20:14,680 Speaker 1: come through. And so we are taking bitcoin over lightning. 422 00:20:15,880 --> 00:20:18,200 Speaker 1: And so I've used it extensively. I've used it Neil Salvador, 423 00:20:18,200 --> 00:20:20,040 Speaker 1: I have used it at the Bitcoin conference. I've used 424 00:20:20,040 --> 00:20:22,240 Speaker 1: it many times. And I can tell you that as 425 00:20:22,280 --> 00:20:24,480 Speaker 1: soon as you push that button and take your finger 426 00:20:24,520 --> 00:20:27,120 Speaker 1: off the button, the bitcoin is there. I mean it's 427 00:20:27,200 --> 00:20:30,040 Speaker 1: literally that fast. I mean, you know, in a scientific 428 00:20:30,119 --> 00:20:33,440 Speaker 1: lab we're using you know, some crazy stop watch. I mean, 429 00:20:33,680 --> 00:20:35,399 Speaker 1: is there may be a difference with something else maybe, 430 00:20:35,440 --> 00:20:37,440 Speaker 1: but you know, to the human naked eye, I can't 431 00:20:37,440 --> 00:20:40,639 Speaker 1: really tell the difference. It's fast. UM. So we already 432 00:20:40,680 --> 00:20:44,000 Speaker 1: have that, and now UM with Tara, will be able 433 00:20:44,040 --> 00:20:45,879 Speaker 1: to put other assets on there. So it could be 434 00:20:45,920 --> 00:20:48,040 Speaker 1: shares of a hotel, it could be shares of Apple 435 00:20:48,119 --> 00:20:50,280 Speaker 1: or Tesla, um, it could be n f t s, 436 00:20:50,480 --> 00:20:52,520 Speaker 1: it could be anything, and then we could transact it 437 00:20:52,600 --> 00:20:54,879 Speaker 1: on the most stable and powerful blockchain. But it can 438 00:20:54,960 --> 00:20:59,760 Speaker 1: be have the speed of lightning. Um. Now, some layer 439 00:20:59,800 --> 00:21:02,760 Speaker 1: two platforms on top of Bitcoin already have stable coins 440 00:21:02,840 --> 00:21:04,879 Speaker 1: and n f t s, So I do want to 441 00:21:04,880 --> 00:21:07,360 Speaker 1: tell you that now you've probably heard of Tether. Tether's 442 00:21:07,400 --> 00:21:09,560 Speaker 1: the largest stable coin, is the oldest stable coin, and 443 00:21:09,760 --> 00:21:13,520 Speaker 1: Tether originally started out as a layer above bitcoin um. 444 00:21:13,600 --> 00:21:17,040 Speaker 1: Then then it moved though. Then it moved over to ethereum, 445 00:21:17,119 --> 00:21:19,000 Speaker 1: and then of course ethereum is too slow and expensive, 446 00:21:19,000 --> 00:21:21,719 Speaker 1: and then it moved over to tron And then, as 447 00:21:21,760 --> 00:21:23,560 Speaker 1: I said, we have other layer two So there's also 448 00:21:23,680 --> 00:21:26,479 Speaker 1: liquid So the liquid neck network also has a stable 449 00:21:26,480 --> 00:21:28,120 Speaker 1: coin and has n f t s and and has 450 00:21:28,200 --> 00:21:31,840 Speaker 1: other assets as well. Um, there's other layer two networks 451 00:21:31,880 --> 00:21:35,199 Speaker 1: as well. But what makes Taro particularly interesting is that 452 00:21:35,240 --> 00:21:39,040 Speaker 1: its assets can run directly over the Lightning network. All right, 453 00:21:39,080 --> 00:21:42,840 Speaker 1: So that's the big deal. So it's interoperable with the 454 00:21:42,920 --> 00:21:45,280 Speaker 1: Lightning network because that is the big network. That's what 455 00:21:45,320 --> 00:21:47,440 Speaker 1: everything's running on. And money has to have a bunch 456 00:21:47,480 --> 00:21:49,960 Speaker 1: of different attributes. Um. One of them it has to 457 00:21:49,960 --> 00:21:53,080 Speaker 1: be sailable. One of them means it has to be recognizable, 458 00:21:53,119 --> 00:21:56,160 Speaker 1: people have to take it. What good is having a coin, 459 00:21:56,200 --> 00:21:58,560 Speaker 1: a privacy coin like Monaro for example, if nobody will 460 00:21:58,560 --> 00:22:00,560 Speaker 1: take it from you. And so if you use these 461 00:22:00,600 --> 00:22:03,600 Speaker 1: other layer two's um that I've that I just mentioned, 462 00:22:03,760 --> 00:22:08,040 Speaker 1: they don't have the acceptance. And Lightning is the biggest 463 00:22:08,080 --> 00:22:11,199 Speaker 1: network over the over the bitcoin network right now, and 464 00:22:11,240 --> 00:22:13,920 Speaker 1: so to be on that network and have that interoperability 465 00:22:14,000 --> 00:22:16,640 Speaker 1: is a really big deal. And of course that Lightning 466 00:22:16,640 --> 00:22:19,200 Speaker 1: network is what makes the stable coin payments nearly instant 467 00:22:19,240 --> 00:22:23,679 Speaker 1: and nearly free. So big, big, big news. Um. You know, 468 00:22:24,720 --> 00:22:27,760 Speaker 1: I was, I was talking about this earlier and with 469 00:22:28,000 --> 00:22:32,680 Speaker 1: um with someone, and it's hard to imagine how big 470 00:22:32,720 --> 00:22:36,119 Speaker 1: of an impact these things will make into the future. 471 00:22:36,880 --> 00:22:39,680 Speaker 1: And the reason why is because as humans, humans are 472 00:22:39,760 --> 00:22:42,480 Speaker 1: are no good at imagining the future. What we can 473 00:22:42,480 --> 00:22:45,360 Speaker 1: do is we can only imagine better versions of what 474 00:22:45,400 --> 00:22:48,199 Speaker 1: we have today. And if you go back and you 475 00:22:48,320 --> 00:22:51,359 Speaker 1: look back, you know, thirty fifty, sixty years ago at 476 00:22:51,359 --> 00:22:54,880 Speaker 1: all these like futurist magazines, Um, they thought by now 477 00:22:55,000 --> 00:22:59,320 Speaker 1: we would be zooming around the space on rockets, right, 478 00:22:59,880 --> 00:23:03,600 Speaker 1: or we'd be teleporting ourselves, um, you know something like that. 479 00:23:04,359 --> 00:23:06,720 Speaker 1: Of course, none of those things are true. We don't 480 00:23:06,760 --> 00:23:10,080 Speaker 1: have flying cars. We don't have flying cars. We don't 481 00:23:10,119 --> 00:23:12,720 Speaker 1: have robots cleaning our house. We don't have rockets flying 482 00:23:12,800 --> 00:23:14,960 Speaker 1: us around space. We don't have any of that that 483 00:23:15,000 --> 00:23:17,840 Speaker 1: they predicted. What we do have is we have an 484 00:23:17,840 --> 00:23:20,480 Speaker 1: iPhone in our hands. We have a computer that's more 485 00:23:20,480 --> 00:23:24,880 Speaker 1: powerful than um, you know, than the computer that made 486 00:23:24,880 --> 00:23:27,440 Speaker 1: the Space shuttle. We do have that, We do have 487 00:23:28,119 --> 00:23:32,800 Speaker 1: technologies like that, but none of those um technology magazines 488 00:23:32,880 --> 00:23:35,240 Speaker 1: got that part. All the things they thought we'd have 489 00:23:35,320 --> 00:23:37,000 Speaker 1: we don't, and the things that we do have they 490 00:23:37,040 --> 00:23:39,320 Speaker 1: didn't get. And that's just because humans are no no 491 00:23:39,359 --> 00:23:40,720 Speaker 1: good at this. And part of the reason why is 492 00:23:40,760 --> 00:23:44,080 Speaker 1: because we don't have the building blocks necessary to build 493 00:23:44,119 --> 00:23:46,679 Speaker 1: those things, and so we can't imagine these new things 494 00:23:47,119 --> 00:23:51,920 Speaker 1: without the building blocks. So, for example, when the Internet 495 00:23:51,960 --> 00:23:55,560 Speaker 1: came out, UM, we had you know, we we had 496 00:23:55,600 --> 00:23:58,240 Speaker 1: message boards and we had email, and we thought, oh, 497 00:23:58,359 --> 00:24:01,000 Speaker 1: one day we'll be able to buy stuff online. That's 498 00:24:01,000 --> 00:24:03,119 Speaker 1: pretty cool. But see we were already buying stuff, right, 499 00:24:03,160 --> 00:24:05,320 Speaker 1: so we oh, buy it online. Um, maybe one day 500 00:24:05,320 --> 00:24:08,240 Speaker 1: we'll have like virtual meetings online. We thought that, but 501 00:24:08,320 --> 00:24:10,680 Speaker 1: we didn't know other things, like we didn't have building blocks. 502 00:24:10,680 --> 00:24:12,960 Speaker 1: We didn't know that our car would be hooked to 503 00:24:13,080 --> 00:24:16,200 Speaker 1: something called a cloud using something called social media to 504 00:24:16,280 --> 00:24:18,280 Speaker 1: navigate us around traffic. We didn't know that because we 505 00:24:18,280 --> 00:24:21,359 Speaker 1: didn't have any of those building blocks. When the iPhone 506 00:24:21,400 --> 00:24:24,440 Speaker 1: came out in two thousand and seven. Um, I mean, 507 00:24:25,680 --> 00:24:28,040 Speaker 1: you know, a decade after I had already been using 508 00:24:28,080 --> 00:24:32,040 Speaker 1: the Internet to the iPhone finally came out, which was cool, like, 509 00:24:32,240 --> 00:24:33,879 Speaker 1: we have a computer on the phone. We put those together, 510 00:24:34,280 --> 00:24:36,679 Speaker 1: and when it came out, a few people thought like, wow, 511 00:24:36,760 --> 00:24:39,800 Speaker 1: this could disrupt the taxi industry. A decade from now, 512 00:24:41,440 --> 00:24:44,399 Speaker 1: nobody thought that. But basically, multiple types of technology had 513 00:24:44,400 --> 00:24:47,040 Speaker 1: reached the point where everyone could have an Internet connected 514 00:24:47,040 --> 00:24:50,120 Speaker 1: computer in their pocket. And once everyone had an Internet 515 00:24:50,119 --> 00:24:53,240 Speaker 1: connected computer in their pocket, then what that was is 516 00:24:53,320 --> 00:24:57,480 Speaker 1: a set of building blocks. That was that enabled people 517 00:24:57,520 --> 00:25:00,400 Speaker 1: to build things that nobody else had a madd engined, 518 00:25:00,520 --> 00:25:05,920 Speaker 1: including applications like Uber and so now we have another 519 00:25:06,000 --> 00:25:08,879 Speaker 1: set of building blocks. Now we have a network of 520 00:25:09,000 --> 00:25:14,720 Speaker 1: instant and nearly free transactions across multiple asset types, including 521 00:25:14,760 --> 00:25:18,640 Speaker 1: self custody bear assets that can be programmed with all 522 00:25:18,680 --> 00:25:22,160 Speaker 1: sorts of multi signature use cases. And it's another set 523 00:25:22,160 --> 00:25:23,960 Speaker 1: of building blocks. So for example, if I had a 524 00:25:23,960 --> 00:25:27,040 Speaker 1: set of a deck of cards playing cards, I could 525 00:25:27,040 --> 00:25:29,600 Speaker 1: build a house of cards, right I could. I'm very 526 00:25:29,680 --> 00:25:32,320 Speaker 1: limited to what I can build with those cards. If 527 00:25:32,359 --> 00:25:36,040 Speaker 1: I had a set of legos, I could build something 528 00:25:36,320 --> 00:25:38,800 Speaker 1: way more complex because I have a different set of 529 00:25:38,840 --> 00:25:41,880 Speaker 1: building blocks. And that's kind of um a similar thought. 530 00:25:42,000 --> 00:25:44,680 Speaker 1: So with with the Internet and with the iPhone, we 531 00:25:44,720 --> 00:25:46,119 Speaker 1: had a set of building blocks that allowed us to 532 00:25:46,119 --> 00:25:48,480 Speaker 1: build things that nobody would have ever imagined. And today 533 00:25:48,480 --> 00:25:50,720 Speaker 1: we have this new set of building blocks, and who knows, 534 00:25:51,320 --> 00:25:54,000 Speaker 1: um what we could build out and be pretty pretty amazing. 535 00:25:54,680 --> 00:25:57,560 Speaker 1: A couple other announcements that I saw, UM one of them, 536 00:25:57,640 --> 00:26:00,600 Speaker 1: Jack Mauler's of Strike announced a set of partnerships with 537 00:26:00,760 --> 00:26:04,560 Speaker 1: n CR Corporation UM. They're a public traded company n 538 00:26:04,560 --> 00:26:08,440 Speaker 1: c R. They represent the point of sales systems for merchants. 539 00:26:08,440 --> 00:26:09,760 Speaker 1: So if you go to a store to buy things 540 00:26:09,760 --> 00:26:11,400 Speaker 1: and you check out with your credit card or debit card, 541 00:26:11,720 --> 00:26:15,880 Speaker 1: that's the point of sale system. NCR, according to Jack Maller's, 542 00:26:16,160 --> 00:26:20,520 Speaker 1: represents one out of six payment systems, one out of six. 543 00:26:21,119 --> 00:26:22,920 Speaker 1: And so what that means is that usually able to 544 00:26:22,960 --> 00:26:26,280 Speaker 1: buy UM be able to use lightning to buy anywhere 545 00:26:26,359 --> 00:26:30,439 Speaker 1: NCR is accepted, including McDonald's, Walmart, and other places that 546 00:26:30,600 --> 00:26:34,679 Speaker 1: use these payment handlers. So supposedly, like right now, the 547 00:26:34,680 --> 00:26:37,600 Speaker 1: agreements already been reached, I can go into anywhere the 548 00:26:37,680 --> 00:26:41,640 Speaker 1: NCR supports such as Walmart and McDonald's and pay with 549 00:26:41,760 --> 00:26:46,719 Speaker 1: stable coins or pay with bitcoin over the Lightning network, 550 00:26:46,800 --> 00:26:52,160 Speaker 1: instantaneous and free. I mean that is massive. We don't 551 00:26:52,200 --> 00:26:57,679 Speaker 1: need laws to make things legal tender. These merchants can 552 00:26:57,720 --> 00:27:01,879 Speaker 1: already accept bitcoin as is as is now. I do 553 00:27:02,000 --> 00:27:04,440 Speaker 1: want to stress though that, like, that's cool having these 554 00:27:04,440 --> 00:27:08,800 Speaker 1: merchants except this, but um, I want to stress one thing. Um, 555 00:27:09,040 --> 00:27:11,560 Speaker 1: just like you wouldn't walk around with your life savings 556 00:27:11,560 --> 00:27:13,679 Speaker 1: in your wallet because you don't want to lose your 557 00:27:13,720 --> 00:27:16,000 Speaker 1: wallet and then lose your life savings. You only pull 558 00:27:16,040 --> 00:27:17,320 Speaker 1: a little bit of money out of the bank to 559 00:27:17,400 --> 00:27:19,240 Speaker 1: put in your wall to walk around with. And I 560 00:27:19,280 --> 00:27:21,560 Speaker 1: do want to stress out that stress that the money 561 00:27:21,600 --> 00:27:23,720 Speaker 1: you put into your bitcoin wallet, your Lightning wallet on 562 00:27:23,720 --> 00:27:26,560 Speaker 1: your phone, it's like your wallet in your in your pocket, 563 00:27:26,640 --> 00:27:29,399 Speaker 1: only put in there what you could afford to lose. 564 00:27:29,520 --> 00:27:32,359 Speaker 1: Think about it, just like your paper wallet. You're listening 565 00:27:32,359 --> 00:27:33,879 Speaker 1: to the Mark Moa Show. I'm gonna be back and 566 00:27:33,880 --> 00:27:36,200 Speaker 1: tell you about the rest of the developments. Don't go away, 567 00:27:36,240 --> 00:27:38,440 Speaker 1: I'll be right back, all right, Welcome back. You are 568 00:27:38,440 --> 00:27:40,560 Speaker 1: listening to the Mark Moss Show, and we are talking 569 00:27:40,640 --> 00:27:45,120 Speaker 1: about bitcoin, cryptocurrencies, the decentralized revolution that's happening right now. 570 00:27:45,760 --> 00:27:49,120 Speaker 1: Of course, you know, it's like watching paint dry. When 571 00:27:49,119 --> 00:27:50,679 Speaker 1: you're watching it, you don't really notice it. But the 572 00:27:50,720 --> 00:27:54,280 Speaker 1: world is changing, and it's changing fast. And uh, I've 573 00:27:54,280 --> 00:27:57,359 Speaker 1: been talking about this hour, talking about some of the 574 00:27:57,359 --> 00:27:59,439 Speaker 1: big announcements that were made at the Bitcoin conference, some 575 00:27:59,480 --> 00:28:02,119 Speaker 1: of the things that I had access to. And I 576 00:28:02,119 --> 00:28:03,680 Speaker 1: didn't really get to cover him last week because I 577 00:28:03,680 --> 00:28:05,320 Speaker 1: hadn't really gone through all my notes and had to 578 00:28:05,359 --> 00:28:09,440 Speaker 1: follow up conversations. But I was talking about how UM 579 00:28:09,480 --> 00:28:11,840 Speaker 1: now with this Lightning we can transact Bitcoin faster and 580 00:28:11,880 --> 00:28:14,520 Speaker 1: cheaper than any other cryptocurrency. And now with his new 581 00:28:14,560 --> 00:28:16,840 Speaker 1: tarrow upgrade that's happened on the Lightning network, we can 582 00:28:16,840 --> 00:28:20,359 Speaker 1: put other types of assets, including potentially stocks and securities, 583 00:28:20,920 --> 00:28:23,760 Speaker 1: U n f t s, stable coins, things like that. 584 00:28:24,600 --> 00:28:26,199 Speaker 1: And then I was talking about how Jack Maller's have 585 00:28:26,240 --> 00:28:29,920 Speaker 1: Strike announced a partnership with NCR, which runs the point 586 00:28:29,920 --> 00:28:33,760 Speaker 1: of sale UM system at one out of six merchants 587 00:28:33,760 --> 00:28:37,720 Speaker 1: according to him, and so UM, now you should be 588 00:28:37,720 --> 00:28:39,840 Speaker 1: able to start going into these merchants one out of six, 589 00:28:40,000 --> 00:28:45,680 Speaker 1: including Walmart, McDonald's, etcetera. And choose to pay with stable 590 00:28:45,720 --> 00:28:48,720 Speaker 1: coins or dare I say bitcoin? You can literally pay 591 00:28:48,760 --> 00:28:52,040 Speaker 1: with bitcoin over Lightning from those places. It's amazing. Also, 592 00:28:52,080 --> 00:28:55,160 Speaker 1: he announced the integration with Shopify. So if you go 593 00:28:55,240 --> 00:28:57,760 Speaker 1: online to buy a product on a Shopify store, which 594 00:28:57,840 --> 00:29:00,040 Speaker 1: is a bunch of stores, at this point, when you 595 00:29:00,080 --> 00:29:01,760 Speaker 1: go to check out, there's like a place to put 596 00:29:01,760 --> 00:29:03,720 Speaker 1: your credit card in. You've seen the box I says, 597 00:29:03,760 --> 00:29:07,200 Speaker 1: choose PayPal, and now there's a box that you can 598 00:29:07,280 --> 00:29:15,000 Speaker 1: choose to pay with bitcoin, just like that. It's pretty amazing. Um, 599 00:29:15,200 --> 00:29:19,160 Speaker 1: pretty amazing what's happening. And the ability to store bitcoin 600 00:29:19,720 --> 00:29:23,120 Speaker 1: UM safely in a multi stig wallet and then be 601 00:29:23,200 --> 00:29:26,240 Speaker 1: able to transact it instantaneous and free over the Lightning network, 602 00:29:26,400 --> 00:29:30,200 Speaker 1: and have the interoperability to also transfer other assets across 603 00:29:30,240 --> 00:29:33,000 Speaker 1: the Lightning network like stable coins and like n f 604 00:29:33,040 --> 00:29:35,800 Speaker 1: t s and things like that. I mean, man, things 605 00:29:35,840 --> 00:29:40,480 Speaker 1: are moving really really fast. I'm bullish on stable coins 606 00:29:40,880 --> 00:29:43,520 Speaker 1: UM and normally they run on smart contract block chains, 607 00:29:44,080 --> 00:29:45,440 Speaker 1: but for them to be able to run over the 608 00:29:45,560 --> 00:29:49,160 Speaker 1: Lightning channels, I mean that is a powerful combination because 609 00:29:49,200 --> 00:29:52,480 Speaker 1: like I said, they're instant and they're cheap UM and 610 00:29:52,520 --> 00:29:54,400 Speaker 1: if you just stick with stable coins, especially you know, 611 00:29:55,280 --> 00:29:57,160 Speaker 1: I've been down in El Salvadore working with them, and 612 00:29:57,160 --> 00:29:59,440 Speaker 1: if you're in these other countries or you know, if 613 00:29:59,440 --> 00:30:03,280 Speaker 1: you don't have a of money, Bitcoin is volatile. The 614 00:30:03,320 --> 00:30:06,000 Speaker 1: price of bitcoin goes up and down. If you don't 615 00:30:06,040 --> 00:30:08,520 Speaker 1: have money you can put away for a couple of years. 616 00:30:08,680 --> 00:30:10,600 Speaker 1: Let's just say that you know, you get you got paid, 617 00:30:10,680 --> 00:30:13,080 Speaker 1: and you know you're living paycheck to paycheck, for example, 618 00:30:13,320 --> 00:30:17,360 Speaker 1: you don't want to put that into bitcoin because the 619 00:30:17,440 --> 00:30:23,040 Speaker 1: reality is next week it could be down. It could Uh. 620 00:30:23,160 --> 00:30:25,760 Speaker 1: Typically I would say put into bitcoin what you can 621 00:30:25,800 --> 00:30:28,040 Speaker 1: afford to leave there for like at least three years. 622 00:30:28,120 --> 00:30:30,000 Speaker 1: There's never been a there's never been a three year 623 00:30:30,120 --> 00:30:34,480 Speaker 1: period where bitcoin has been down. So what you could 624 00:30:34,560 --> 00:30:36,720 Speaker 1: do though, with that short term money is you can 625 00:30:36,720 --> 00:30:40,360 Speaker 1: put it into stable coins. And the reason why you 626 00:30:40,400 --> 00:30:41,640 Speaker 1: might want to do that, especially if you're in a 627 00:30:41,680 --> 00:30:45,600 Speaker 1: foreign country, is now you can have the ease of 628 00:30:45,600 --> 00:30:49,520 Speaker 1: of bitcoin sending money around to people, you can custody yourself, 629 00:30:49,560 --> 00:30:52,000 Speaker 1: you can have access to It's sort of like cash. Um. 630 00:30:52,000 --> 00:30:53,840 Speaker 1: But if you're an El Salvador and I'm in America, 631 00:30:54,240 --> 00:30:57,040 Speaker 1: I can send you that US dollar stable coin instant 632 00:30:57,040 --> 00:30:58,440 Speaker 1: and free, and you can go to the bank and 633 00:30:58,520 --> 00:31:00,520 Speaker 1: just withdraw it out of an a t M without 634 00:31:00,520 --> 00:31:02,280 Speaker 1: having to go to the grocery store and go to 635 00:31:02,320 --> 00:31:05,920 Speaker 1: Western Union and have them take twenty And so you know, 636 00:31:06,000 --> 00:31:07,760 Speaker 1: for a lot of people having the ability to do 637 00:31:07,880 --> 00:31:11,120 Speaker 1: S dollar, stable coins and bitcoin together, it's going to 638 00:31:11,160 --> 00:31:13,440 Speaker 1: be a game changer, and it can it can basically 639 00:31:13,480 --> 00:31:19,280 Speaker 1: get you out of the traditional banking platform. Now, it 640 00:31:19,320 --> 00:31:22,760 Speaker 1: doesn't mean the death of the US dollar. The U 641 00:31:22,920 --> 00:31:26,400 Speaker 1: S dollar just starts to take a new shape, right 642 00:31:26,440 --> 00:31:28,600 Speaker 1: And that's where I'm talking about it being used together 643 00:31:28,760 --> 00:31:31,240 Speaker 1: in the same wallet, on the same network, but for 644 00:31:31,360 --> 00:31:35,240 Speaker 1: different purposes. I think eventually, over a long enough period 645 00:31:35,280 --> 00:31:38,240 Speaker 1: of time, you know, the US dollar isn't needed as much, 646 00:31:38,280 --> 00:31:41,000 Speaker 1: and then eventually maybe not at all. But in the 647 00:31:41,040 --> 00:31:43,960 Speaker 1: meantime for right now, especially when you're living in other 648 00:31:43,960 --> 00:31:45,880 Speaker 1: countries or if you're not really if you don't have 649 00:31:46,000 --> 00:31:48,280 Speaker 1: enough money to hold um that you could kind of 650 00:31:48,400 --> 00:31:52,200 Speaker 1: ride out that volatility. Then, UM, I think that the 651 00:31:52,200 --> 00:31:56,120 Speaker 1: combination is extremely powerful. And when all this is a 652 00:31:56,160 --> 00:32:00,000 Speaker 1: deployed at scale, I mean it is a massive value 653 00:32:00,040 --> 00:32:04,240 Speaker 1: you proposition for the bitcoin network. Um, there was a 654 00:32:04,760 --> 00:32:07,760 Speaker 1: there was a good piece that CNBC. Surprisingly, a good 655 00:32:07,800 --> 00:32:10,800 Speaker 1: piece that CNBC put out talking specifically about the Lightning 656 00:32:10,840 --> 00:32:12,680 Speaker 1: network and maybe I should forward this over to Peter 657 00:32:12,760 --> 00:32:15,160 Speaker 1: feel so we could read it UM. But they were 658 00:32:15,160 --> 00:32:19,560 Speaker 1: talking about how UM they decided to put Lightning payments 659 00:32:19,560 --> 00:32:22,840 Speaker 1: to the test um and with the expertise in translation 660 00:32:22,880 --> 00:32:25,960 Speaker 1: skills of bitcoin developer who is currently hiding out in 661 00:32:26,000 --> 00:32:28,400 Speaker 1: the western part of Ukraine because of the war that's 662 00:32:28,400 --> 00:32:30,880 Speaker 1: reaging on, and they said, the bottom line, it really 663 00:32:30,920 --> 00:32:33,200 Speaker 1: does work as well as bitcoin boosters say it does. 664 00:32:33,520 --> 00:32:37,120 Speaker 1: The process of downloading the crypto wallet onto the person's 665 00:32:37,120 --> 00:32:40,719 Speaker 1: phone in the Ukraine, transferring bitcoin over the Lightning network 666 00:32:40,760 --> 00:32:43,480 Speaker 1: from the United States to Poland, and then going and 667 00:32:43,520 --> 00:32:46,520 Speaker 1: withdrawing the equivalent in Polish currency from a bitcoin a 668 00:32:46,560 --> 00:32:50,520 Speaker 1: t M from the Southwest city took less than three minutes. 669 00:32:51,680 --> 00:32:55,120 Speaker 1: Good luck doing that with Western Union. That's that's a 670 00:32:55,240 --> 00:32:58,640 Speaker 1: percy NBC. I read that directly, UM, and so that's 671 00:32:58,640 --> 00:33:01,720 Speaker 1: pretty cool. On top of that, UM Lightning Labs was 672 00:33:01,720 --> 00:33:03,479 Speaker 1: the big, the big, the big to do, but there 673 00:33:03,520 --> 00:33:05,240 Speaker 1: was a bunch of other companies raising money, which is 674 00:33:05,240 --> 00:33:09,960 Speaker 1: pretty cool. UM open Node raised twenty million dollars. It's 675 00:33:09,960 --> 00:33:14,320 Speaker 1: a big number. Voltage raised six million dollars. Voltage is 676 00:33:14,320 --> 00:33:16,680 Speaker 1: a cool company. Um, they allow you to spin up 677 00:33:16,720 --> 00:33:19,479 Speaker 1: a lightning node. So the thing with bitcoin is that 678 00:33:21,080 --> 00:33:23,680 Speaker 1: we say don't trust, but verify. What does that mean 679 00:33:24,240 --> 00:33:26,760 Speaker 1: if somebody, you know, gold is money for five thousand years, 680 00:33:26,760 --> 00:33:28,320 Speaker 1: somebody paid me with gold, how do I how do 681 00:33:28,360 --> 00:33:30,000 Speaker 1: I know that gold is good? Or how do I 682 00:33:30,040 --> 00:33:34,040 Speaker 1: know that gold is real? And so, um, I would 683 00:33:34,080 --> 00:33:36,160 Speaker 1: need you know, some kind of sort of fancy spectrometer 684 00:33:36,320 --> 00:33:38,520 Speaker 1: or something to to find out how pure that gold is. 685 00:33:39,280 --> 00:33:40,880 Speaker 1: And so bitcoin is the same way, like, how do 686 00:33:40,920 --> 00:33:42,760 Speaker 1: I know the bitcoin you send me as real? Well, 687 00:33:42,800 --> 00:33:45,040 Speaker 1: I would want to use my own computer network, my 688 00:33:45,040 --> 00:33:47,680 Speaker 1: own node is what it's called to verify that transaction. 689 00:33:48,280 --> 00:33:50,880 Speaker 1: And so everybody should run a note. They're they're super cheap, 690 00:33:50,920 --> 00:33:52,480 Speaker 1: you know, for a hunter bucks you could set one up. 691 00:33:52,520 --> 00:33:53,680 Speaker 1: I mean you could even set one up for free 692 00:33:53,680 --> 00:33:56,080 Speaker 1: if you have an old laptop or something. Um. But 693 00:33:56,080 --> 00:33:58,680 Speaker 1: but Voltage allows you to spin up a lightning note, 694 00:33:58,840 --> 00:34:01,680 Speaker 1: a Bitcoin lightning note, and they'll host it for you 695 00:34:02,400 --> 00:34:03,920 Speaker 1: for like a fixed fee. I don't know if it's 696 00:34:03,920 --> 00:34:06,200 Speaker 1: eight ten bucks a month something like that. And then 697 00:34:06,240 --> 00:34:07,880 Speaker 1: I can host my own note that I can use 698 00:34:07,880 --> 00:34:11,000 Speaker 1: my own I can, I can, I can verify all 699 00:34:11,000 --> 00:34:13,560 Speaker 1: my own transactions in and out UM, and then there's 700 00:34:13,600 --> 00:34:15,520 Speaker 1: a lot of other things that I can start building 701 00:34:15,560 --> 00:34:17,759 Speaker 1: on top of that. UM. That's what Voltage is doing. 702 00:34:17,760 --> 00:34:21,560 Speaker 1: Pretty cool. Ibex Mercado raised four million dollars UM. And 703 00:34:21,600 --> 00:34:25,680 Speaker 1: then another company that I'm extremely bullish on is Impervious. UM. 704 00:34:25,719 --> 00:34:28,640 Speaker 1: Impervious is is amazing what they're doing. I'm gonna have 705 00:34:28,680 --> 00:34:31,960 Speaker 1: the founder, Chase Uh, he's the founder of Purpose. I'm 706 00:34:31,960 --> 00:34:33,360 Speaker 1: gonna have him on the radio show here maybe in 707 00:34:33,400 --> 00:34:36,000 Speaker 1: the next couple of weeks. He's actually a local guy, 708 00:34:35,840 --> 00:34:38,000 Speaker 1: but for me, super super good guy. But what they're 709 00:34:38,040 --> 00:34:40,680 Speaker 1: doing is they basically took the They figured that I 710 00:34:40,719 --> 00:34:43,920 Speaker 1: think I think the math was eighty percent of the 711 00:34:43,960 --> 00:34:46,640 Speaker 1: time that a user spends on the on the I'm sorry, 712 00:34:46,680 --> 00:34:48,759 Speaker 1: on the computer, about apercent of the time is spent 713 00:34:48,880 --> 00:34:51,839 Speaker 1: in the browser. So like Google Chrome, right, and then 714 00:34:51,840 --> 00:34:53,840 Speaker 1: you have Google Docs and Google Sheets, and you have 715 00:34:54,200 --> 00:34:56,360 Speaker 1: you know, Facebook and Twitter, and so about adam the 716 00:34:56,400 --> 00:34:59,680 Speaker 1: time spent in the browser. And so they decided to 717 00:34:59,719 --> 00:35:02,960 Speaker 1: build a new browser. But instead of a browser that 718 00:35:03,080 --> 00:35:06,080 Speaker 1: like Google owns, controls and spies on you and controls 719 00:35:06,120 --> 00:35:08,719 Speaker 1: you with They opened up an open source one that's 720 00:35:08,760 --> 00:35:10,600 Speaker 1: peer to peer. So Bitcoin is peer to peer. There's 721 00:35:10,640 --> 00:35:13,240 Speaker 1: nobody in the middle between us and so they built 722 00:35:13,239 --> 00:35:17,880 Speaker 1: a browser that has Zoom built in, but without Zoom, 723 00:35:17,880 --> 00:35:21,640 Speaker 1: meaning that if we both have impervious browsers, we can 724 00:35:21,680 --> 00:35:25,120 Speaker 1: just connect over video chat like Zoom, but it's peer 725 00:35:25,120 --> 00:35:28,080 Speaker 1: to peer. There's nobody in between us, nobody, nobody that 726 00:35:28,120 --> 00:35:31,920 Speaker 1: we need permission from nobody's spine. We have Google Docs, 727 00:35:31,920 --> 00:35:34,120 Speaker 1: but without Google, so we just have docs that we 728 00:35:34,120 --> 00:35:35,680 Speaker 1: can share. We can peer to peer. You and I 729 00:35:35,680 --> 00:35:38,160 Speaker 1: can collaborate on docks just like Google Docs, but without Google. 730 00:35:38,800 --> 00:35:41,719 Speaker 1: We have chat, but without Google Chat, we can go 731 00:35:41,760 --> 00:35:43,759 Speaker 1: peer to peer, we can chat directly, and so that's 732 00:35:43,760 --> 00:35:47,839 Speaker 1: all built into the Impervious browser. I believe it's being 733 00:35:47,880 --> 00:35:50,480 Speaker 1: released right about now, I mean any day now. So 734 00:35:50,520 --> 00:35:54,239 Speaker 1: that's really really cool. I'm super bullish on that. I mean, 735 00:35:54,560 --> 00:35:57,600 Speaker 1: amazing things are coming out. It's happening so fast. Now. 736 00:35:57,840 --> 00:36:00,200 Speaker 1: I'm old enough to have invested through the doc Colm 737 00:36:00,200 --> 00:36:01,799 Speaker 1: Boom of the late nineties. It was just when I 738 00:36:01,840 --> 00:36:04,160 Speaker 1: was just out of high school. Um, I was young, 739 00:36:04,360 --> 00:36:06,040 Speaker 1: but I was old enough to know what was going on. 740 00:36:06,080 --> 00:36:08,799 Speaker 1: I started an e commerce business in two thousand one, 741 00:36:09,080 --> 00:36:12,840 Speaker 1: so I've seen this get built out. I recognize the 742 00:36:12,880 --> 00:36:16,200 Speaker 1: same science happening over again. And while for a lot 743 00:36:16,239 --> 00:36:18,680 Speaker 1: of you it maybe it seems like it's happening slow, 744 00:36:18,800 --> 00:36:21,719 Speaker 1: I can tell you it's happening really, really fast. And 745 00:36:21,880 --> 00:36:24,200 Speaker 1: I'm super excited. I'm super bullish on this. I mean, 746 00:36:24,200 --> 00:36:25,719 Speaker 1: this is gonna be the biggest thing. It's going to 747 00:36:25,880 --> 00:36:29,919 Speaker 1: change the world as we know it. Hopefully you're excited 748 00:36:29,960 --> 00:36:32,640 Speaker 1: about it too, And uh, it's your chance to front 749 00:36:32,719 --> 00:36:35,840 Speaker 1: run the majority of people who don't understand what is 750 00:36:35,880 --> 00:36:40,400 Speaker 1: going on. The institutions, the sovereigns, they're still trying to 751 00:36:40,400 --> 00:36:42,080 Speaker 1: figure out how they can get their piece of the 752 00:36:42,080 --> 00:36:45,880 Speaker 1: bitcoin pie. But you can get yours right now. By 753 00:36:45,920 --> 00:36:47,960 Speaker 1: the way, you're listening to the Mark mass Show, we're 754 00:36:47,960 --> 00:36:50,560 Speaker 1: talking about bitcoin, we're talking about the cryptocurrency. We're talking 755 00:36:50,560 --> 00:36:53,160 Speaker 1: about the decentralized revolution that is change in the world. 756 00:36:53,600 --> 00:36:55,000 Speaker 1: I was just breaking down some of the behind the 757 00:36:55,000 --> 00:36:58,680 Speaker 1: scenes stuff that I saw, the groundbreaking things I saw 758 00:36:58,719 --> 00:37:01,680 Speaker 1: at the Bitcoin conference. Um, so you can understand. Remember, 759 00:37:01,800 --> 00:37:03,640 Speaker 1: it's the growth of the network on users and the 760 00:37:03,680 --> 00:37:05,759 Speaker 1: development on the network that's the most important and the 761 00:37:05,800 --> 00:37:10,359 Speaker 1: development is strong. Hopefully that makes sense and appreciate your 762 00:37:10,360 --> 00:37:11,399 Speaker 1: listening until next time.