1 00:00:00,000 --> 00:00:02,120 Speaker 1: All right, you are back with the Mark Moss Show, 2 00:00:02,200 --> 00:00:03,720 Speaker 1: where each and every week I'm gonna talk to you 3 00:00:03,800 --> 00:00:08,039 Speaker 1: about bitcoin, cryptocurrencies, the decentralized revolution, and what I am 4 00:00:08,119 --> 00:00:12,680 Speaker 1: saying is the biggest asymmetric opportunity that you'll ever see 5 00:00:12,680 --> 00:00:14,800 Speaker 1: in your lifetime, in multiple lifetimes. And of course we 6 00:00:14,800 --> 00:00:19,560 Speaker 1: take advantage of those asymmetric opportunities by having a symmetric information, 7 00:00:19,600 --> 00:00:21,960 Speaker 1: which is information most people don't have. So welcome back, 8 00:00:22,000 --> 00:00:24,239 Speaker 1: thanks for sticking with me. I brought a couple of 9 00:00:24,239 --> 00:00:26,480 Speaker 1: my good friends into the studio with me today because 10 00:00:27,000 --> 00:00:29,000 Speaker 1: you know, I probably don't want to hear me talking 11 00:00:29,040 --> 00:00:31,320 Speaker 1: for all this time, and so let's get some perspective. 12 00:00:31,320 --> 00:00:33,120 Speaker 1: There's a couple of good stories I want to talk about. 13 00:00:33,640 --> 00:00:35,720 Speaker 1: Lonely man, I got, I got Alex in with me 14 00:00:35,760 --> 00:00:37,800 Speaker 1: in the studio. I got Jessica in this do with me. 15 00:00:37,880 --> 00:00:43,680 Speaker 1: What's up, guys, yo? What's up? Man? So? Uh yeah, 16 00:00:43,720 --> 00:00:46,040 Speaker 1: you know, we just I was talking earlier just about 17 00:00:46,080 --> 00:00:47,760 Speaker 1: some of this big news that's been going on in 18 00:00:47,840 --> 00:00:51,240 Speaker 1: the bigcoin space, and um, one of the biggest pieces 19 00:00:51,280 --> 00:00:55,480 Speaker 1: of news I saw this week was China always dominating 20 00:00:55,520 --> 00:00:58,840 Speaker 1: the news headlines, and uh, it seems like they again again, 21 00:00:58,880 --> 00:01:01,440 Speaker 1: they've they've banned in the bitcoin. I think it's now 22 00:01:01,640 --> 00:01:05,360 Speaker 1: the eighth or ninth time, I think at least, and 23 00:01:05,440 --> 00:01:09,399 Speaker 1: what this year, this year, over the years, you know, 24 00:01:09,520 --> 00:01:11,800 Speaker 1: and it's like, I mean, that's what it feels like. 25 00:01:12,040 --> 00:01:14,920 Speaker 1: It's like, sorry, this just reminds me of that meme, 26 00:01:15,000 --> 00:01:18,600 Speaker 1: you know, like, um, what is it? It was like this. 27 00:01:18,760 --> 00:01:21,000 Speaker 1: It was the South Park thing, like you where they're 28 00:01:21,000 --> 00:01:23,280 Speaker 1: doing prink coals and it's like the it's the Chinese 29 00:01:23,360 --> 00:01:25,160 Speaker 1: dude doing the prink coal and it's like, you know, 30 00:01:25,200 --> 00:01:28,560 Speaker 1: we want to we wanna make scare someone into believing 31 00:01:28,600 --> 00:01:30,440 Speaker 1: something so that they can sell something. I can't remember 32 00:01:30,440 --> 00:01:32,639 Speaker 1: what the meme was. And it's like you know what, 33 00:01:32,920 --> 00:01:36,200 Speaker 1: and the dudes like, but we just used this last week. 34 00:01:36,240 --> 00:01:38,360 Speaker 1: It's just like all right, do it again. It's like 35 00:01:38,520 --> 00:01:40,520 Speaker 1: all right, we're gonna do it again. It's like the 36 00:01:40,560 --> 00:01:43,119 Speaker 1: same thing again. So I actually didn't hear about this 37 00:01:43,280 --> 00:01:47,440 Speaker 1: until I just saw the notes. I was like, okay, 38 00:01:47,880 --> 00:01:54,000 Speaker 1: so didn't they just been like three weeks ago. But whatever, 39 00:01:56,800 --> 00:02:00,120 Speaker 1: anything about it being banned in China or India any 40 00:02:00,160 --> 00:02:03,080 Speaker 1: of that, it makes no difference. It's it's just like noise. 41 00:02:03,120 --> 00:02:06,560 Speaker 1: Now it is noise, but I think it's also important 42 00:02:06,600 --> 00:02:08,560 Speaker 1: for two reasons why I think it's important. So the 43 00:02:08,600 --> 00:02:11,359 Speaker 1: first thing that's important to understand about them banning it 44 00:02:11,440 --> 00:02:15,919 Speaker 1: again is the first thing is why why would they 45 00:02:15,919 --> 00:02:18,400 Speaker 1: do that? And that's one. And then and I think 46 00:02:18,400 --> 00:02:21,560 Speaker 1: it's important because depending on why I understand, that will 47 00:02:21,600 --> 00:02:26,200 Speaker 1: help you understand what maybe your country might be thinking 48 00:02:26,200 --> 00:02:28,200 Speaker 1: about doing at some point. The other thing that is 49 00:02:28,280 --> 00:02:30,720 Speaker 1: under important understand is that when you're looking at bear 50 00:02:30,800 --> 00:02:34,560 Speaker 1: and bowl markets, Um, when markets stopped going down on 51 00:02:34,639 --> 00:02:38,720 Speaker 1: bad news, you're kind of bottomed out right, and so, uh, 52 00:02:38,880 --> 00:02:41,959 Speaker 1: this is big news again. China bands at all cryptocurrency band. 53 00:02:41,960 --> 00:02:44,320 Speaker 1: This is the final band. No one can trade it. 54 00:02:44,360 --> 00:02:47,760 Speaker 1: But yet the market didn't even budge. And so to 55 00:02:48,040 --> 00:02:50,520 Speaker 1: kind of your the both points of guys made like 56 00:02:50,800 --> 00:02:53,720 Speaker 1: the market's kind of numb to it, like ninth time again, 57 00:02:53,840 --> 00:02:57,600 Speaker 1: like a big deal. You know, kids, man, no kids, yeah, no, kids, 58 00:02:57,639 --> 00:03:00,840 Speaker 1: Like at this point, it's like all right, China. It's 59 00:03:00,840 --> 00:03:02,239 Speaker 1: it's kind of like general reminds me of it's like 60 00:03:02,240 --> 00:03:04,840 Speaker 1: a little tuddler, you know, just crying and crying and 61 00:03:04,880 --> 00:03:07,320 Speaker 1: crying and crying, and um, you know, and then it's 62 00:03:07,360 --> 00:03:10,560 Speaker 1: like no one cares anymore, Like it's all right, Like 63 00:03:10,639 --> 00:03:14,360 Speaker 1: it's you know, we move on, No one cares keep crying, 64 00:03:14,560 --> 00:03:16,799 Speaker 1: and like people have moved on with their lives. And 65 00:03:16,880 --> 00:03:18,239 Speaker 1: I think they've got to come up with a new 66 00:03:18,360 --> 00:03:21,760 Speaker 1: sort of scare tactic. Maybe they should say China embraces 67 00:03:21,800 --> 00:03:25,639 Speaker 1: bitcoin and then we'll all be like, oh, something's really up. 68 00:03:26,080 --> 00:03:28,239 Speaker 1: Like that would scare me. If China turned around and 69 00:03:28,240 --> 00:03:30,960 Speaker 1: said we're gonna make it a national currency, I'd be 70 00:03:31,000 --> 00:03:33,919 Speaker 1: selling all my bitcoin like it's game over, I'm out 71 00:03:33,919 --> 00:03:36,200 Speaker 1: of here like that. That would be a bad sign 72 00:03:36,240 --> 00:03:38,680 Speaker 1: for me. Yeah. So definitely the markets are numb to it, 73 00:03:38,720 --> 00:03:40,880 Speaker 1: and I think that's okay. But um, the one piece 74 00:03:40,920 --> 00:03:42,680 Speaker 1: I saw in this news article I wanted to just 75 00:03:42,680 --> 00:03:47,160 Speaker 1: grab which was interesting was they said that um quote 76 00:03:47,840 --> 00:03:52,040 Speaker 1: in order to safeguard people's properties and the most important 77 00:03:52,080 --> 00:03:57,600 Speaker 1: part and maintain economic, financial, and social order. And so 78 00:03:57,680 --> 00:04:00,040 Speaker 1: it's like that piece, so they did it to a 79 00:04:00,040 --> 00:04:04,360 Speaker 1: safewgard people's properties, yeah whatever, but maintain economic, financial, and 80 00:04:04,440 --> 00:04:08,360 Speaker 1: social order and like, and when they say that basically there, 81 00:04:08,400 --> 00:04:11,760 Speaker 1: it sounds like to me, what they're saying is that um, 82 00:04:11,880 --> 00:04:14,560 Speaker 1: by people having the freedom to choose where they want 83 00:04:14,560 --> 00:04:17,240 Speaker 1: to store their wealth and value or use what they 84 00:04:17,279 --> 00:04:20,600 Speaker 1: want as money. That is a threat to the financial 85 00:04:20,600 --> 00:04:22,039 Speaker 1: and social order. I mean, is that what you guys 86 00:04:22,040 --> 00:04:25,880 Speaker 1: are hearing? Obviously? I mean this sort of reminds me 87 00:04:25,920 --> 00:04:28,600 Speaker 1: of like, you know, what, what does a prison god 88 00:04:28,640 --> 00:04:32,320 Speaker 1: exist for? To maintain you know, proper order inside the prison, 89 00:04:32,400 --> 00:04:35,120 Speaker 1: so that the prisoners don't run amuck. Like it's the 90 00:04:35,160 --> 00:04:38,640 Speaker 1: same thing, like you know, I mean, that's that's the 91 00:04:38,680 --> 00:04:40,320 Speaker 1: first analogy that comes to mind to me. I don't 92 00:04:40,320 --> 00:04:44,240 Speaker 1: I just what you think, but Jesus, well, I remember 93 00:04:44,279 --> 00:04:47,360 Speaker 1: there were some theories before about when they make bitcoin 94 00:04:47,400 --> 00:04:50,200 Speaker 1: illegal and bitcoin mining illegal, it was really just the 95 00:04:50,240 --> 00:04:54,760 Speaker 1: states seizing control of operations because you can see there's 96 00:04:54,800 --> 00:04:57,360 Speaker 1: something online where you can see all the active miners, 97 00:04:57,680 --> 00:04:59,599 Speaker 1: and they allays built stay in China. It's not like 98 00:04:59,600 --> 00:05:03,479 Speaker 1: they nest necessarily displaced by the you know, hundreds and thousands, 99 00:05:03,520 --> 00:05:07,800 Speaker 1: they're all still there. So what is making something illegal 100 00:05:07,839 --> 00:05:11,960 Speaker 1: to Chinese citizens necessarily? Mean as far as China's continued 101 00:05:12,000 --> 00:05:15,320 Speaker 1: participation in bitcoin, because I'm sure the government of China 102 00:05:15,440 --> 00:05:19,479 Speaker 1: still owns all kinds of bitcoin. Yeah, like my two 103 00:05:19,480 --> 00:05:23,000 Speaker 1: cents here is like from what I understand, jokes aside, 104 00:05:23,040 --> 00:05:25,360 Speaker 1: Like I mean, I actually didn't realize there was another band, 105 00:05:25,360 --> 00:05:29,360 Speaker 1: but the last one was a genuine like crackdown on 106 00:05:29,600 --> 00:05:31,840 Speaker 1: mining infrastructure and all that sort of stuff, and that 107 00:05:31,880 --> 00:05:34,000 Speaker 1: was supposed to be the big band, and we actually 108 00:05:34,080 --> 00:05:37,760 Speaker 1: saw the ramifications of that because we actually saw the 109 00:05:37,800 --> 00:05:40,159 Speaker 1: hash rate drop right but now you know, the hash 110 00:05:40,240 --> 00:05:42,800 Speaker 1: rates uh picked up again and it's it's recovered. I 111 00:05:42,800 --> 00:05:44,960 Speaker 1: don't think it's recovered the whole way, but like that, 112 00:05:44,960 --> 00:05:49,120 Speaker 1: that was like in live action, a major attempt at 113 00:05:49,120 --> 00:05:52,680 Speaker 1: an attack on the Bitcoin network, and the sort of 114 00:05:52,720 --> 00:05:55,159 Speaker 1: the Bitcoin net was kind of like what complex systems do. 115 00:05:55,240 --> 00:05:58,719 Speaker 1: It It absorbed the attack and then it rotted it 116 00:05:58,760 --> 00:06:01,840 Speaker 1: around it, which is exactly what the network was supposed 117 00:06:01,880 --> 00:06:04,400 Speaker 1: to do. And and on a grand scale, you had 118 00:06:05,400 --> 00:06:10,039 Speaker 1: exor hashes worth of like computing power reroute around the 119 00:06:10,040 --> 00:06:14,279 Speaker 1: world in live action, and the network didn't skip a beat, 120 00:06:14,320 --> 00:06:16,000 Speaker 1: like you know, we saw a bit of a slowdown 121 00:06:16,040 --> 00:06:18,880 Speaker 1: on blocks, but then it kicked off again and it 122 00:06:18,920 --> 00:06:22,480 Speaker 1: continued so so so that was like the biggest baseball 123 00:06:22,520 --> 00:06:26,000 Speaker 1: bat that they could take and like whack, and nothing happened. 124 00:06:26,400 --> 00:06:29,040 Speaker 1: So they're like, oh man, Jesus, this thing doesn't stop. 125 00:06:29,440 --> 00:06:33,040 Speaker 1: So it's like, all right, quick, throw another band at 126 00:06:33,040 --> 00:06:34,960 Speaker 1: it this time. Let's like, you know that didn't work. 127 00:06:35,040 --> 00:06:37,840 Speaker 1: Let's let's let's try what we did last year. Let's 128 00:06:37,880 --> 00:06:39,719 Speaker 1: ban the traders again, and you know, the ability to 129 00:06:39,760 --> 00:06:42,160 Speaker 1: hold and all this sort of stuff, and like you know, again, 130 00:06:42,360 --> 00:06:44,279 Speaker 1: whatever a narrative they're going to give, like the prison 131 00:06:44,400 --> 00:06:48,560 Speaker 1: narrative and the order narrative and the whatever narrative, it's 132 00:06:48,600 --> 00:06:51,360 Speaker 1: like a crying toddler, like as I said, but it 133 00:06:51,640 --> 00:06:55,840 Speaker 1: just doesn't do anything. It's it's you can't beat a 134 00:06:55,839 --> 00:07:00,560 Speaker 1: complex system by applying like a linear meth adtology. And 135 00:07:01,000 --> 00:07:03,680 Speaker 1: that's where you know, all of these central plans and 136 00:07:03,680 --> 00:07:05,280 Speaker 1: blah blah blah blah blah that we've always sort of 137 00:07:05,279 --> 00:07:08,960 Speaker 1: been talking about, they just can't like they can't win. Well, 138 00:07:09,000 --> 00:07:11,040 Speaker 1: what it does do, though, is well, one thing that's 139 00:07:11,080 --> 00:07:13,800 Speaker 1: interested about that comment is it's exactly what Christine Lagarde, 140 00:07:13,840 --> 00:07:15,960 Speaker 1: who's pretty previously with the i m F and now 141 00:07:16,040 --> 00:07:19,120 Speaker 1: with the International Entrey Fund, now with the European Central Bank, 142 00:07:19,520 --> 00:07:23,160 Speaker 1: and she said, quoting her that innovation is a threat 143 00:07:23,360 --> 00:07:28,040 Speaker 1: to financial stability. And whoa did she say that she said, 144 00:07:28,920 --> 00:07:31,440 Speaker 1: they don't want they don't want you having any workarounds 145 00:07:31,520 --> 00:07:34,120 Speaker 1: and peer to peer payment methods and things where we 146 00:07:34,160 --> 00:07:37,680 Speaker 1: can without there. You better not think, Jess, You better 147 00:07:37,720 --> 00:07:39,920 Speaker 1: not think. You better not innovate. You better stay in 148 00:07:39,960 --> 00:07:42,720 Speaker 1: your corner, madam. And really, it's not a threat to 149 00:07:42,880 --> 00:07:45,400 Speaker 1: it's not a threat to financial stability. It's a threat 150 00:07:45,440 --> 00:07:49,200 Speaker 1: to their financial monopoly. That's what it is. Hell yeah, 151 00:07:49,440 --> 00:07:52,280 Speaker 1: hell yeah, amen. And so I just think it's important 152 00:07:52,280 --> 00:07:55,200 Speaker 1: to understand what they're really saying, because then it gives 153 00:07:55,280 --> 00:07:58,480 Speaker 1: us insight into what they're really thinking and then, um, 154 00:07:58,520 --> 00:08:01,680 Speaker 1: what may potentially be kind of the trigger points for 155 00:08:01,760 --> 00:08:04,679 Speaker 1: other countries that control their own currencies, like the European 156 00:08:04,720 --> 00:08:07,679 Speaker 1: Central Bank or like the United States Federal Reserve, where 157 00:08:07,680 --> 00:08:10,120 Speaker 1: like they really want to take away that safety valve 158 00:08:10,240 --> 00:08:12,480 Speaker 1: or that release valve right where they don't want to 159 00:08:12,480 --> 00:08:16,040 Speaker 1: allow people to escape. Well, it's kind of like imagine, 160 00:08:16,080 --> 00:08:18,000 Speaker 1: imagine if you're on the Titanic. So so like I 161 00:08:18,000 --> 00:08:20,360 Speaker 1: actually kind of feel for these guys because imagine if 162 00:08:20,400 --> 00:08:24,440 Speaker 1: feel like you're on the Titanic and co back to this. 163 00:08:24,680 --> 00:08:26,600 Speaker 1: Let's let's talk about the Titanic. I want to talk 164 00:08:26,640 --> 00:08:28,960 Speaker 1: about the lifeboats, because that's an important thing that everybody 165 00:08:28,960 --> 00:08:31,360 Speaker 1: needs to know. So, UM, well, I want to talk 166 00:08:31,400 --> 00:08:34,080 Speaker 1: about the what we call the lifeboats and what does 167 00:08:34,080 --> 00:08:37,160 Speaker 1: that mean because we're on a sinking ship like this Titanic. UM. 168 00:08:37,200 --> 00:08:40,199 Speaker 1: What those safety boats, those safety valves are. I want 169 00:08:40,200 --> 00:08:42,720 Speaker 1: to talk about why potentially they don't want us to 170 00:08:42,880 --> 00:08:46,000 Speaker 1: have those UM. And then UM, I also want to 171 00:08:46,000 --> 00:08:49,160 Speaker 1: discuss between the three of us, UM, what do we 172 00:08:49,200 --> 00:08:51,360 Speaker 1: think the United States is going to do about that? 173 00:08:51,400 --> 00:08:54,720 Speaker 1: Do they want to take away the safety valves? They 174 00:08:54,720 --> 00:08:56,880 Speaker 1: want to take away the life boats that we have 175 00:08:56,960 --> 00:08:58,959 Speaker 1: as well. So we're gonna talk about those couple of things. 176 00:08:59,520 --> 00:09:03,080 Speaker 1: And then I also want to talk about what the uh, 177 00:09:03,120 --> 00:09:07,960 Speaker 1: maybe we'll call him infamous um UM CEO of Tesla. 178 00:09:08,200 --> 00:09:11,080 Speaker 1: We're talking about Elon Musk what he has to say 179 00:09:11,120 --> 00:09:14,920 Speaker 1: about the government and taking away safety boats and safety vals. 180 00:09:14,960 --> 00:09:16,800 Speaker 1: He was in an interview this week, UM, and he 181 00:09:16,840 --> 00:09:18,720 Speaker 1: had some pretty interesting things to say. And I know 182 00:09:18,880 --> 00:09:21,880 Speaker 1: there's a polarity some of us have different views about him, 183 00:09:21,880 --> 00:09:23,320 Speaker 1: but it was interesting some of the comments that he said. 184 00:09:23,320 --> 00:09:25,000 Speaker 1: So we're gonna talk about those things when we come back. 185 00:09:25,480 --> 00:09:27,839 Speaker 1: All right, you're back with the Mark Moss Show or 186 00:09:27,880 --> 00:09:30,600 Speaker 1: I'm gonna bring to you the latest in bitcoin, cryptocurrency 187 00:09:30,679 --> 00:09:34,320 Speaker 1: and the decentralized information, each and every week. Follow me 188 00:09:34,360 --> 00:09:36,760 Speaker 1: on Twitter. I'm the number one Mark Moss at me. 189 00:09:36,840 --> 00:09:38,760 Speaker 1: Asked me your questions and we'll talk about him next 190 00:09:38,760 --> 00:09:41,000 Speaker 1: week as well. I'm here with my good friends Alex 191 00:09:41,040 --> 00:09:44,320 Speaker 1: Fetzky and Jessica Vaughan and we are talking about China 192 00:09:44,760 --> 00:09:48,240 Speaker 1: banning bitcoin again for the eighth or ninth time, and 193 00:09:48,280 --> 00:09:51,640 Speaker 1: specifically with the comment that they made about bitcoin being 194 00:09:51,679 --> 00:09:55,559 Speaker 1: a threat to financial stability and order. And if we 195 00:09:55,640 --> 00:09:58,720 Speaker 1: read between the lines, what they're really saying is that 196 00:09:59,000 --> 00:10:01,240 Speaker 1: they don't want to allow people to have an outlet, 197 00:10:01,480 --> 00:10:03,680 Speaker 1: a safety valve. They want everyone to stay on the 198 00:10:03,720 --> 00:10:06,559 Speaker 1: sinking ship. And before we went to break, I know, Alex, 199 00:10:06,600 --> 00:10:09,240 Speaker 1: you were talking about that safety boat, that kind of 200 00:10:09,240 --> 00:10:11,560 Speaker 1: lifeboat analogy. So to jump back in on that, yeah, 201 00:10:12,120 --> 00:10:14,079 Speaker 1: so so so. So the way I was going to 202 00:10:14,280 --> 00:10:16,760 Speaker 1: try and frame it was to kind of like feel 203 00:10:16,800 --> 00:10:20,000 Speaker 1: sorry for the maniacs, which is imagine you are on 204 00:10:20,040 --> 00:10:23,679 Speaker 1: a sinking ship and you know that like you're you're 205 00:10:23,720 --> 00:10:27,680 Speaker 1: you're sinking and you're starting to panic. What you don't 206 00:10:27,679 --> 00:10:31,360 Speaker 1: want is everybody to start freaking out and jumping on 207 00:10:31,400 --> 00:10:34,800 Speaker 1: the lifeboats and going we're all going to die and 208 00:10:34,880 --> 00:10:37,640 Speaker 1: sort of you know, sort of like going overboard and leaving. 209 00:10:37,679 --> 00:10:41,240 Speaker 1: So so of course, like you know, they're freaking out. Now. Now, 210 00:10:41,280 --> 00:10:43,640 Speaker 1: this is not what a courageous person does. This is 211 00:10:43,640 --> 00:10:46,360 Speaker 1: what like the you know, a captain who would be 212 00:10:46,360 --> 00:10:48,640 Speaker 1: a loser does. And you know he'll be like, you know, 213 00:10:48,720 --> 00:10:52,000 Speaker 1: we're all gone down together, um, and you know, wanting 214 00:10:52,040 --> 00:10:54,800 Speaker 1: to kind of under the guise of, oh, we must 215 00:10:54,800 --> 00:10:58,560 Speaker 1: maintain orderliness because we can somehow save the ship. And 216 00:10:59,040 --> 00:11:01,720 Speaker 1: maybe it's neither. Maybe they don't think they're thinking. Maybe 217 00:11:01,720 --> 00:11:04,240 Speaker 1: they think if we all just stay on here, uh, 218 00:11:04,280 --> 00:11:06,920 Speaker 1: and if we all just you know, in solidarity, you know, 219 00:11:07,200 --> 00:11:10,600 Speaker 1: be together with big brother, um, we we won't all die. 220 00:11:10,800 --> 00:11:14,600 Speaker 1: And maybe they actually think that this thing is you know, 221 00:11:14,679 --> 00:11:18,679 Speaker 1: not unraveling. Um. You know, well, maybe they think they 222 00:11:18,679 --> 00:11:20,920 Speaker 1: have a chance to survive. So it's like, don't get 223 00:11:20,920 --> 00:11:23,040 Speaker 1: on the ship, don't freak everyone else out. Well what 224 00:11:23,080 --> 00:11:25,360 Speaker 1: happens is it takes away their tools, right, So, like 225 00:11:25,440 --> 00:11:27,800 Speaker 1: they want to control the monetary supply and they want 226 00:11:27,800 --> 00:11:31,840 Speaker 1: to control the the interest rates. Um. But then when 227 00:11:32,040 --> 00:11:34,160 Speaker 1: the interest rates get so low and the monetary supply 228 00:11:34,200 --> 00:11:37,000 Speaker 1: gets so high they're causing inflation. People want to leave. Um, 229 00:11:37,040 --> 00:11:40,439 Speaker 1: but when people leave, they lose their controls because now 230 00:11:40,640 --> 00:11:42,400 Speaker 1: they can't control people with the money and interest rates 231 00:11:42,400 --> 00:11:45,320 Speaker 1: because people left, and so um, yeah, I guess it 232 00:11:45,400 --> 00:11:47,319 Speaker 1: just sends the ship down even faster. The ship is 233 00:11:47,320 --> 00:11:49,840 Speaker 1: already going down, and it just sends it down even faster. 234 00:11:49,920 --> 00:11:52,320 Speaker 1: I guess. Yeah, it's like the the only So so 235 00:11:52,360 --> 00:11:54,800 Speaker 1: what I think what the biggest risk is is if 236 00:11:54,800 --> 00:11:58,640 Speaker 1: they don't sort of use a heavy hand, even the 237 00:11:58,679 --> 00:12:01,559 Speaker 1: people who help them pull the levis internally will be like, man, 238 00:12:01,640 --> 00:12:03,959 Speaker 1: screw this, this place is you know, going to hell. 239 00:12:04,080 --> 00:12:06,360 Speaker 1: I'm out of here. And then kind of because because 240 00:12:06,360 --> 00:12:09,080 Speaker 1: they kind of need internal people to function as well. 241 00:12:09,160 --> 00:12:13,240 Speaker 1: So I can appreciate the panic from a Christine Lagod 242 00:12:13,320 --> 00:12:17,199 Speaker 1: who apparently believes that innovation is going to kill us all. Um, 243 00:12:17,240 --> 00:12:20,560 Speaker 1: you know, based on her hypothesis, we should be walking 244 00:12:20,559 --> 00:12:24,080 Speaker 1: around with like, you know, loincloths. It's not that it 245 00:12:24,160 --> 00:12:28,160 Speaker 1: kills us all innovation does. It's called creative destruction, right, 246 00:12:28,200 --> 00:12:31,760 Speaker 1: So new creative kills the old way and it's supposed to. 247 00:12:32,360 --> 00:12:36,320 Speaker 1: And so she is right, innovation does threaten the financial 248 00:12:36,320 --> 00:12:39,840 Speaker 1: system because it's supposed to create a new, better way, 249 00:12:40,240 --> 00:12:42,640 Speaker 1: which kills the old way. I want to jump over. 250 00:12:42,920 --> 00:12:45,960 Speaker 1: I'm really great. I'm really grateful that she said that, 251 00:12:46,080 --> 00:12:49,200 Speaker 1: because it makes me feel like we're onto the right thing. Like, Okay, 252 00:12:49,360 --> 00:12:51,560 Speaker 1: if if they're concerned that we can opt out of 253 00:12:51,600 --> 00:12:56,000 Speaker 1: this behavioral modification tool that they're designing total dependency on 254 00:12:56,520 --> 00:13:01,480 Speaker 1: Fiat currency, then then it means that we're doing the thing. Yeah, 255 00:13:01,559 --> 00:13:04,480 Speaker 1: and and it means that they see this and and uh, 256 00:13:04,520 --> 00:13:06,640 Speaker 1: you know when when something is so good, it just 257 00:13:06,760 --> 00:13:10,400 Speaker 1: it kills the old way because it's that much better. Now, 258 00:13:10,720 --> 00:13:12,440 Speaker 1: I want to just jump gears a little bit, and 259 00:13:12,440 --> 00:13:15,120 Speaker 1: then let's look at some some of the positivity. Now, 260 00:13:15,280 --> 00:13:17,120 Speaker 1: if you're just tuning in right now, you're listening to 261 00:13:17,120 --> 00:13:19,400 Speaker 1: the Mark Moa Show and talking about bitcoin, cryptocurrencies in 262 00:13:19,400 --> 00:13:22,959 Speaker 1: the Decentralized Revolution, and we're talking about bitcoin being banned 263 00:13:22,960 --> 00:13:26,640 Speaker 1: again by China. But um, that's why China and potentially 264 00:13:26,640 --> 00:13:29,120 Speaker 1: other governments may want to ban it, but the it 265 00:13:29,280 --> 00:13:33,319 Speaker 1: also creates opportunities. And we talk about this like game theory, um, 266 00:13:33,360 --> 00:13:35,120 Speaker 1: where if everybody wants to ban it, but a few 267 00:13:35,120 --> 00:13:38,719 Speaker 1: countries make it legal, how it can actually work out 268 00:13:38,720 --> 00:13:43,559 Speaker 1: really good for those countries, and so potentially maybe this 269 00:13:43,679 --> 00:13:46,800 Speaker 1: could be a big opportunity for the United States. We 270 00:13:46,920 --> 00:13:49,120 Speaker 1: have seen where when they shut down the mining a 271 00:13:49,200 --> 00:13:50,920 Speaker 1: few months ago, a lot of those miners, a good 272 00:13:50,960 --> 00:13:53,760 Speaker 1: majority of them moved to the United States. Big opportunity. 273 00:13:54,200 --> 00:13:57,440 Speaker 1: And so then the question becomes, will will the US 274 00:13:57,600 --> 00:14:01,439 Speaker 1: follow in China's footsteps or will they embrace this opportunity. 275 00:14:01,800 --> 00:14:03,480 Speaker 1: And I want to talk about something, and I want 276 00:14:03,480 --> 00:14:05,280 Speaker 1: to I want to get Jesse's We're gonna get Jess's 277 00:14:05,280 --> 00:14:08,160 Speaker 1: opinion on this one first. And this is Elon Musk, 278 00:14:08,200 --> 00:14:11,760 Speaker 1: and he was interviewed by Kara Swisher. Good. She can 279 00:14:11,800 --> 00:14:15,200 Speaker 1: take the opinion at the annual invite only Code conference. 280 00:14:15,200 --> 00:14:16,800 Speaker 1: And I'm picking Jessica because I know she doesn't like 281 00:14:16,880 --> 00:14:21,240 Speaker 1: to speak publicly about Elon Musk. So I'm gonna put 282 00:14:21,240 --> 00:14:24,280 Speaker 1: it there. But did you did you date him as well? Good? 283 00:14:24,400 --> 00:14:26,880 Speaker 1: But he said, uh, you know. Elon Musk argued that 284 00:14:26,880 --> 00:14:30,800 Speaker 1: global government should steer clear of trying to regulate bitcoin 285 00:14:30,840 --> 00:14:32,800 Speaker 1: and cryptocurrency. That's what he argued. And he said, quote, 286 00:14:32,840 --> 00:14:35,120 Speaker 1: I'm gonna read it to you. Quote it is not 287 00:14:35,320 --> 00:14:40,120 Speaker 1: possible to I think destroyed crypto, but it is possible 288 00:14:40,160 --> 00:14:45,080 Speaker 1: for governments to slow down it's advancement end quote. And 289 00:14:45,080 --> 00:14:47,480 Speaker 1: then he went on to say, quote I would say 290 00:14:47,840 --> 00:14:50,680 Speaker 1: do nothing end quote. So, jess what do you think 291 00:14:50,680 --> 00:14:54,080 Speaker 1: about Elon Musk's take on that right there? Well, his 292 00:14:54,160 --> 00:14:57,800 Speaker 1: business plan for Tesla and and his own personal wealth. 293 00:14:57,880 --> 00:15:01,080 Speaker 1: He he owns bitcoin, Tesla owns bitcoin, and he UM 294 00:15:01,120 --> 00:15:04,960 Speaker 1: personally owns bitcoin, so of course he doesn't want to 295 00:15:05,000 --> 00:15:08,680 Speaker 1: suggest to government to UM take an ax to his 296 00:15:09,200 --> 00:15:12,200 Speaker 1: plan advancing forward with his business and his own personal wealth. 297 00:15:12,240 --> 00:15:15,440 Speaker 1: Like why would he want anything different? And Um, I 298 00:15:15,440 --> 00:15:19,480 Speaker 1: don't think that he spoke over um boisterously about it 299 00:15:19,600 --> 00:15:24,120 Speaker 1: or anything. And I think it's reflective of most people's opinions, 300 00:15:24,200 --> 00:15:26,560 Speaker 1: especially in the crypto space. I mean, why why would 301 00:15:26,600 --> 00:15:29,480 Speaker 1: you need to to Why would you need to suggest 302 00:15:29,520 --> 00:15:31,960 Speaker 1: to government that they should take a heavy handed regulating 303 00:15:32,000 --> 00:15:35,040 Speaker 1: something that you own? You don't want that? Of course, Yeah, 304 00:15:35,080 --> 00:15:38,360 Speaker 1: I was. I'm grateful that um that was his take. 305 00:15:38,600 --> 00:15:42,480 Speaker 1: Maybe maybe UM, the high regard people hold of him, 306 00:15:42,480 --> 00:15:46,400 Speaker 1: they'll take that under consideration. Well, I think as an innovator, 307 00:15:46,520 --> 00:15:49,480 Speaker 1: he gets it right, so like he's an innovators. He's 308 00:15:49,520 --> 00:15:53,240 Speaker 1: an inventing and he realizes that if an inventor had 309 00:15:53,280 --> 00:15:55,680 Speaker 1: to go to the government to get permission before they 310 00:15:55,760 --> 00:15:58,320 Speaker 1: created something, it would probably never happen. They say, like 311 00:15:58,320 --> 00:16:00,120 Speaker 1: if the Right brothers had to get permission to old 312 00:16:00,120 --> 00:16:01,760 Speaker 1: an airplane, and probably never would have happened. And so 313 00:16:02,120 --> 00:16:05,360 Speaker 1: I think Elon Musk recognizes that if the government puts 314 00:16:05,400 --> 00:16:08,120 Speaker 1: this regulation on top of it, it's only going to 315 00:16:08,200 --> 00:16:12,760 Speaker 1: stifle innovation, which, of course exactly what Christine Legarde was saying, 316 00:16:12,800 --> 00:16:17,960 Speaker 1: they want to stop right. I personally hope that um 317 00:16:18,080 --> 00:16:19,960 Speaker 1: Elon Musk is on the side of freedom. I know 318 00:16:20,040 --> 00:16:22,680 Speaker 1: there's some some debate about that as far as him 319 00:16:22,680 --> 00:16:27,640 Speaker 1: being a polarizing figure. UM, but I think he's with freedom. Yeah. Well, 320 00:16:28,040 --> 00:16:30,040 Speaker 1: we don't have to debate that so much as we 321 00:16:30,160 --> 00:16:32,680 Speaker 1: can say that he's apparently, per his quotes here, he's 322 00:16:32,720 --> 00:16:36,160 Speaker 1: definitely on the side of innovation, and so UM letting 323 00:16:36,400 --> 00:16:40,200 Speaker 1: innovation happen, which I think is important. Um. And speaking 324 00:16:40,200 --> 00:16:42,440 Speaker 1: of innovation, there was another big thing that happened this 325 00:16:42,480 --> 00:16:44,280 Speaker 1: week that I know both you and I got to 326 00:16:44,320 --> 00:16:47,840 Speaker 1: participate in, which was pretty cool, and that is the 327 00:16:47,840 --> 00:16:50,720 Speaker 1: the integration and we're seeing this, and and and I 328 00:16:50,720 --> 00:16:53,960 Speaker 1: don't want to I don't want to understate this. UM 329 00:16:54,000 --> 00:16:56,280 Speaker 1: and again, real quick before I tell you about that. UM, 330 00:16:56,320 --> 00:16:58,440 Speaker 1: you're listening to the Mark mas Show on the Heart 331 00:16:58,520 --> 00:17:01,840 Speaker 1: Radio Network. And I want to talk about, UM, some 332 00:17:01,880 --> 00:17:05,240 Speaker 1: innovation that happened this week with technology integration that is 333 00:17:05,320 --> 00:17:08,240 Speaker 1: going to make a massive, massive impact. Some people are 334 00:17:08,240 --> 00:17:11,120 Speaker 1: saying this could push bitcoin's price above three thousand dollars. 335 00:17:11,119 --> 00:17:14,439 Speaker 1: But it's not even about that. It's paving the way 336 00:17:15,160 --> 00:17:19,400 Speaker 1: for an entire new economy. UM, and we're gonna talk 337 00:17:19,440 --> 00:17:21,719 Speaker 1: about that. I want to talk about the pieces of 338 00:17:21,720 --> 00:17:25,439 Speaker 1: technology that got integrated. UM. Like I said, Jess and 339 00:17:25,560 --> 00:17:27,840 Speaker 1: I both got invited into this program and we've been 340 00:17:27,920 --> 00:17:30,320 Speaker 1: using it. UM, I've been using it today. I want 341 00:17:30,320 --> 00:17:32,800 Speaker 1: to explain that to you. But really I want to 342 00:17:32,800 --> 00:17:35,240 Speaker 1: talk about how cool it is, but more importantly, how 343 00:17:35,280 --> 00:17:39,680 Speaker 1: it changes the economy and most importantly, this incentive structure 344 00:17:40,200 --> 00:17:44,200 Speaker 1: of providing value back and forth. We're gonna talk about 345 00:17:44,240 --> 00:17:46,600 Speaker 1: this opportunity as soon as we get back. So I 346 00:17:46,640 --> 00:17:48,880 Speaker 1: hang on, all right, you are back with the Mark 347 00:17:49,000 --> 00:17:51,199 Speaker 1: Moss Show. This is a brand new show where I 348 00:17:51,200 --> 00:17:55,240 Speaker 1: talk about bitcoin, cryptocurrencies, The decentralized revolution and what I 349 00:17:55,400 --> 00:17:59,159 Speaker 1: am calling the biggest opportunity that you'll ever see in 350 00:17:59,160 --> 00:18:01,800 Speaker 1: your life, will ever see in multiple generations. And the 351 00:18:01,840 --> 00:18:04,880 Speaker 1: best way to take advantage of asymmetric opportunities like this 352 00:18:05,359 --> 00:18:08,840 Speaker 1: is by having a symmetric information. You have to know 353 00:18:08,960 --> 00:18:11,760 Speaker 1: things that the majority of people don't know. You have 354 00:18:11,840 --> 00:18:14,240 Speaker 1: to be an early adopter. And so if you tune 355 00:18:14,240 --> 00:18:16,200 Speaker 1: in with me each end, every week, you're going to 356 00:18:16,280 --> 00:18:18,720 Speaker 1: have that information to participate to take advantage of this. 357 00:18:18,800 --> 00:18:21,440 Speaker 1: So take a second, real quick, why you're listening, Pull 358 00:18:21,480 --> 00:18:24,360 Speaker 1: act your phone. What a calendar reminder for this very 359 00:18:24,400 --> 00:18:28,240 Speaker 1: time on this station? Come back every single week. Also, 360 00:18:28,359 --> 00:18:31,320 Speaker 1: send me a tweet one Mark Moss the number one 361 00:18:31,359 --> 00:18:33,359 Speaker 1: Mark Moss at me asked me a question. I'll make 362 00:18:33,359 --> 00:18:35,080 Speaker 1: sure answer on the show next week. Alright, So we 363 00:18:35,119 --> 00:18:37,880 Speaker 1: are talking about we're switching gears on with my good 364 00:18:37,920 --> 00:18:42,040 Speaker 1: friends Jessica Vaughan and Alex Fetzki, and um, we are 365 00:18:42,080 --> 00:18:46,600 Speaker 1: talking about a new innovation that just happened this week, UM, 366 00:18:46,680 --> 00:18:50,800 Speaker 1: that I think has massive implications for the way the 367 00:18:50,840 --> 00:18:52,920 Speaker 1: world moves forward. And so let me explain that what 368 00:18:52,920 --> 00:18:57,520 Speaker 1: what that is? And so Jessica, Alex myself. We're content creators. Um. 369 00:18:57,560 --> 00:18:59,960 Speaker 1: You can find us all on Twitter at Jessica Vaughan 370 00:19:00,000 --> 00:19:05,639 Speaker 1: on and at ghosts Fetzki that's it, at Ghostski, at 371 00:19:05,720 --> 00:19:07,680 Speaker 1: Jessicavan and of course at one morths you can find 372 00:19:07,720 --> 00:19:10,840 Speaker 1: us there. And what's interesting is this new technology that happening. 373 00:19:10,920 --> 00:19:15,240 Speaker 1: So this week Twitter rolled out some new innovation that 374 00:19:15,400 --> 00:19:21,600 Speaker 1: has um integrated direct bitcoin payments into the Twitter app 375 00:19:22,240 --> 00:19:24,480 Speaker 1: and um what it's done. And I think they've also 376 00:19:24,560 --> 00:19:26,840 Speaker 1: kind of parted up with sub stack and open Node, 377 00:19:27,280 --> 00:19:31,240 Speaker 1: but mainly with Twitter and Strike. They've built an application 378 00:19:31,320 --> 00:19:35,719 Speaker 1: away to put Twitter I'm sorry, put bitcoin payments right 379 00:19:35,720 --> 00:19:39,040 Speaker 1: into Twitter and uh shout out to Jack Mallers, who's 380 00:19:39,119 --> 00:19:41,080 Speaker 1: really leading the chart. And some of this innovation has 381 00:19:41,119 --> 00:19:43,520 Speaker 1: invited me to the beta group, so thank you Jack, 382 00:19:44,000 --> 00:19:47,640 Speaker 1: Um and Jessica. I got that installed today this morning, 383 00:19:48,080 --> 00:19:50,720 Speaker 1: and already leading up to this show, I was starting 384 00:19:50,760 --> 00:19:54,440 Speaker 1: to get tips. People were literally sending me bitcoin and 385 00:19:55,040 --> 00:19:57,199 Speaker 1: I have to say, you know, we learned about these things, 386 00:19:57,240 --> 00:19:58,919 Speaker 1: we talked about them, and we have this viewpoint. But 387 00:19:59,119 --> 00:20:00,520 Speaker 1: to see it, like when we are all down in 388 00:20:00,520 --> 00:20:03,440 Speaker 1: Al Salvador, to see it, it gives you a different perspective, 389 00:20:03,480 --> 00:20:06,840 Speaker 1: and so all of a sudden today I'm getting tips 390 00:20:07,520 --> 00:20:09,679 Speaker 1: from are not honest people, but people that follow me 391 00:20:09,720 --> 00:20:12,760 Speaker 1: on Twitter. Um, thank you for that. And it made 392 00:20:12,760 --> 00:20:14,680 Speaker 1: me just think. It shifted my mindset on this a 393 00:20:14,680 --> 00:20:17,640 Speaker 1: little bit. And so think about this for a second, guys. Um, 394 00:20:17,680 --> 00:20:21,760 Speaker 1: it made me think it's a new way of exchanging value. 395 00:20:22,520 --> 00:20:26,920 Speaker 1: If I can give value to other people, they can 396 00:20:27,200 --> 00:20:33,240 Speaker 1: directly pay me back, um with tips, without having any intermediaries, 397 00:20:33,240 --> 00:20:35,320 Speaker 1: without anybody in the middle, without rent seekers. Now I 398 00:20:35,359 --> 00:20:37,240 Speaker 1: got a lot of dollar tips. That was pretty cool. 399 00:20:37,400 --> 00:20:40,720 Speaker 1: Someone sent me a five cent tip and whatever, five cents, 400 00:20:40,760 --> 00:20:45,920 Speaker 1: that's cool. But there's no way to pay five cents normally. 401 00:20:46,480 --> 00:20:48,399 Speaker 1: And so I just think it's hard for us to 402 00:20:48,440 --> 00:20:51,800 Speaker 1: imagine right now. But the way this is going to 403 00:20:51,880 --> 00:20:56,040 Speaker 1: change content creators and this value exchange. What are your 404 00:20:56,080 --> 00:20:59,640 Speaker 1: thoughts on that? Just well, I just got done while 405 00:20:59,680 --> 00:21:02,639 Speaker 1: you were um, while you were talking, sending you a 406 00:21:02,680 --> 00:21:05,159 Speaker 1: tip because I wanted to make that my first transaction 407 00:21:05,800 --> 00:21:08,280 Speaker 1: because you bring me so much value. Of course, so 408 00:21:08,560 --> 00:21:11,320 Speaker 1: I just set it up this morning, which is super exciting. 409 00:21:11,359 --> 00:21:15,280 Speaker 1: Thank thank you, Jack Malers. Um. So I'm just so 410 00:21:15,359 --> 00:21:19,920 Speaker 1: excited because I just got to pay you in bitcoin 411 00:21:20,000 --> 00:21:24,080 Speaker 1: and use the Lightning network third Strike, and I didn't 412 00:21:24,080 --> 00:21:26,120 Speaker 1: have to part with any bitcoin. And to me that's 413 00:21:26,160 --> 00:21:30,800 Speaker 1: the biggest part. Um, But how exciting is this? Imagine? What? Wait? 414 00:21:30,840 --> 00:21:34,800 Speaker 1: What you just paid me in in bitcoin? No? I 415 00:21:34,840 --> 00:21:37,520 Speaker 1: put I put some US dollars from my bank account 416 00:21:37,560 --> 00:21:39,720 Speaker 1: in there, and I didn't even I didn't even have to. 417 00:21:40,119 --> 00:21:43,840 Speaker 1: So somebody can tip me in bitcoin using this network 418 00:21:43,960 --> 00:21:47,880 Speaker 1: through Twitter and they don't have to have bitcoin. They 419 00:21:47,880 --> 00:21:49,720 Speaker 1: don't They don't have to have any of that, you know, 420 00:21:49,760 --> 00:21:51,600 Speaker 1: because we all want to huddle our bitcoin. Of course 421 00:21:51,640 --> 00:21:54,399 Speaker 1: we're not trying to spend it right now. It's also 422 00:21:54,440 --> 00:21:56,639 Speaker 1: the most world's most beautiful assets, so why would we 423 00:21:56,680 --> 00:21:58,479 Speaker 1: want to spend it? Well, now I don't have to. 424 00:21:58,840 --> 00:22:01,679 Speaker 1: But I get to use in participate in bitcoin, and 425 00:22:01,720 --> 00:22:05,280 Speaker 1: support bitcoin in the network and support you without having 426 00:22:05,359 --> 00:22:08,120 Speaker 1: to part with my bitcoin? How how crazy cool is that? 427 00:22:08,520 --> 00:22:13,120 Speaker 1: And I think this is so amazing also because um, 428 00:22:13,240 --> 00:22:18,040 Speaker 1: when retail stores understand that they can let consumers who 429 00:22:18,080 --> 00:22:22,240 Speaker 1: already have these digital wallets to let the consumers use 430 00:22:22,359 --> 00:22:24,119 Speaker 1: that in their stores and now they don't have to 431 00:22:24,119 --> 00:22:26,800 Speaker 1: pay these fees to Visa and MasterCard. That's a huge 432 00:22:26,840 --> 00:22:31,040 Speaker 1: game changer. How exciting? Yeah, you're the checkout with Twitter. 433 00:22:31,760 --> 00:22:33,520 Speaker 1: You're listening to the Mark Moa show and we're talking 434 00:22:33,560 --> 00:22:37,040 Speaker 1: about this brand new integration with Twitter and Lightning and 435 00:22:37,400 --> 00:22:41,399 Speaker 1: Strike and really the way it changes the relationship of 436 00:22:41,440 --> 00:22:44,240 Speaker 1: content creators and people that that absorb that content. And 437 00:22:44,280 --> 00:22:47,160 Speaker 1: really it's the it's the incentive behind the value structure. 438 00:22:47,160 --> 00:22:49,959 Speaker 1: And so even this morning, I started thinking myself, Shoot, 439 00:22:50,000 --> 00:22:52,960 Speaker 1: how can I provide even more value? Like I literally 440 00:22:52,960 --> 00:22:55,800 Speaker 1: found myself thinking that how can I provide even more 441 00:22:55,880 --> 00:22:57,560 Speaker 1: values so I get more tips? What do you think 442 00:22:57,600 --> 00:23:00,960 Speaker 1: about that? Alex? Look, man, I've had a dream since 443 00:23:01,000 --> 00:23:04,000 Speaker 1: I was young to to start my only fans page 444 00:23:04,520 --> 00:23:07,159 Speaker 1: and now I can do it on Twitter and I 445 00:23:07,200 --> 00:23:09,000 Speaker 1: don't even have to do it, Like I don't even 446 00:23:09,040 --> 00:23:12,679 Speaker 1: have to build a page. It's um seriously, this is 447 00:23:12,760 --> 00:23:16,480 Speaker 1: this is really cool. I What what can I say 448 00:23:16,720 --> 00:23:21,160 Speaker 1: unless I get banned on Twitter again? Um? I think 449 00:23:21,160 --> 00:23:23,400 Speaker 1: this will be a great way to like sort of 450 00:23:23,760 --> 00:23:26,760 Speaker 1: generate some It's like a it's like a side hustle 451 00:23:27,359 --> 00:23:30,040 Speaker 1: for the stuff that a lot of people do already. 452 00:23:30,160 --> 00:23:32,600 Speaker 1: And and and what makes it really interesting is that, 453 00:23:33,800 --> 00:23:38,160 Speaker 1: like for traditional let let me put it this way 454 00:23:38,720 --> 00:23:41,280 Speaker 1: ten fifty years ago, like before the internet really took 455 00:23:41,320 --> 00:23:42,640 Speaker 1: off and blogs and all that sort of stuff. Let's 456 00:23:42,640 --> 00:23:45,520 Speaker 1: say it's actually even been longer now, years ago, Like 457 00:23:45,560 --> 00:23:48,560 Speaker 1: if you want to make money from generating content, you 458 00:23:48,640 --> 00:23:50,600 Speaker 1: like literally had to work for a newspaper, You had 459 00:23:50,640 --> 00:23:52,239 Speaker 1: to write a book, you know, you know, I had 460 00:23:52,240 --> 00:23:54,480 Speaker 1: to work for a radio station or or a TV station. Right, 461 00:23:54,520 --> 00:23:57,080 Speaker 1: you have to be part of like the production apparatus. 462 00:23:57,920 --> 00:24:00,800 Speaker 1: And over the last two decades and a half decades, 463 00:24:01,160 --> 00:24:04,320 Speaker 1: you know that that kind of the opportunities broadened and 464 00:24:04,359 --> 00:24:06,680 Speaker 1: you were able to become like a blogger and things 465 00:24:06,720 --> 00:24:08,800 Speaker 1: like that, and that particularly the last I'd say ten years, 466 00:24:08,840 --> 00:24:11,520 Speaker 1: like blogging became Yeah, you're able to become a content 467 00:24:11,560 --> 00:24:13,520 Speaker 1: creating influencer and use all those sort of things, but 468 00:24:13,800 --> 00:24:17,679 Speaker 1: you're still sort of bound by getting paid from like 469 00:24:17,840 --> 00:24:21,879 Speaker 1: via advertising or shilling something and like um, you know, 470 00:24:21,960 --> 00:24:25,560 Speaker 1: selling somebody else's product, and you know, referrals and affiliate 471 00:24:25,600 --> 00:24:27,680 Speaker 1: systems and stuff like that. There was no direct way 472 00:24:27,680 --> 00:24:30,960 Speaker 1: to monetize content because it's just uneconomical for people to 473 00:24:31,000 --> 00:24:33,239 Speaker 1: pay you small amounts of money. So this thing like 474 00:24:33,600 --> 00:24:36,200 Speaker 1: breaks all of that and and and for me, it's 475 00:24:36,200 --> 00:24:39,080 Speaker 1: like bitcoin is a communication medium, and and I've always 476 00:24:39,119 --> 00:24:41,840 Speaker 1: said this, like on the more philosophical discussions that we have. It's, 477 00:24:42,400 --> 00:24:47,439 Speaker 1: you know, bitcoin is pure perfect money, and money is 478 00:24:47,480 --> 00:24:50,240 Speaker 1: like an energy transmission mechanism, you know, it's it's a 479 00:24:50,280 --> 00:24:56,840 Speaker 1: communication medium. And this kind of takes bitcoins. Sorry, it 480 00:24:56,920 --> 00:25:02,639 Speaker 1: takes Twitter's already broad network and allows us to not 481 00:25:02,760 --> 00:25:07,120 Speaker 1: only use it to transmit uh speech and like abuse 482 00:25:07,160 --> 00:25:08,760 Speaker 1: each other in a hundred and sixty characters, but it 483 00:25:08,760 --> 00:25:12,000 Speaker 1: allows us to actually tip each other, and um, you know, 484 00:25:12,160 --> 00:25:14,360 Speaker 1: like it's it's I think it's a big deal. Man, 485 00:25:14,480 --> 00:25:17,359 Speaker 1: it's a big deal. I think it's even bigger than that, right, 486 00:25:17,400 --> 00:25:20,320 Speaker 1: So I think it's well, yeah, it's it's a it's 487 00:25:20,320 --> 00:25:23,119 Speaker 1: the start of something so much larger, right exactly. And 488 00:25:23,119 --> 00:25:25,199 Speaker 1: that's that's my point, at the start of something so 489 00:25:25,280 --> 00:25:28,000 Speaker 1: much larger. And it's kind of like, you know, in 490 00:25:28,080 --> 00:25:31,879 Speaker 1: my first segment, I was talking about these technological revolutions. 491 00:25:31,920 --> 00:25:35,080 Speaker 1: How when electricity came out, I mean electricity, it was 492 00:25:35,200 --> 00:25:37,120 Speaker 1: like it was like a digital candle, Like, I don't 493 00:25:37,119 --> 00:25:40,199 Speaker 1: need a digital candle. Candles work fine, well we did, 494 00:25:40,400 --> 00:25:43,000 Speaker 1: we didn't just need an electric electric candle, but where 495 00:25:43,080 --> 00:25:46,879 Speaker 1: electricity allows to dave and so the way this fundamentally shifts. 496 00:25:46,880 --> 00:25:49,119 Speaker 1: And we always talk about with bitcoin how it changes 497 00:25:49,119 --> 00:25:52,280 Speaker 1: the incentive structure, and so right, Charlie Munger says, show 498 00:25:52,280 --> 00:25:54,119 Speaker 1: me the incentives, I show you the outcome, and so 499 00:25:54,160 --> 00:25:58,120 Speaker 1: it changes this incentive structure. Um to, Like I said, 500 00:25:58,240 --> 00:26:00,920 Speaker 1: even myself this morning, I found myself thinking, how could 501 00:26:00,960 --> 00:26:03,600 Speaker 1: I provide even more value, which of course I always 502 00:26:03,600 --> 00:26:06,120 Speaker 1: try and do, um, but but I think that's big. 503 00:26:06,160 --> 00:26:07,720 Speaker 1: And then the other thing is a lot of people 504 00:26:07,760 --> 00:26:11,159 Speaker 1: don't know is that. Um. Recently, I think in the 505 00:26:11,200 --> 00:26:14,400 Speaker 1: last month or two, PayPal teamed up with the Anti 506 00:26:14,480 --> 00:26:18,000 Speaker 1: Defamation League, and per the Anti Defamation League, they're going 507 00:26:18,000 --> 00:26:21,120 Speaker 1: to make a list of everybody that they think shouldn't 508 00:26:21,119 --> 00:26:23,800 Speaker 1: be able to get payments, and they will provide that 509 00:26:24,200 --> 00:26:28,120 Speaker 1: PayPal and PayPal is now we're going to censor all 510 00:26:28,280 --> 00:26:31,400 Speaker 1: payments to anybody on this list. And even bigger than that, 511 00:26:31,920 --> 00:26:35,400 Speaker 1: they agree to share this list with all the other 512 00:26:35,520 --> 00:26:39,320 Speaker 1: finance payment companies out there. And so, oh, Alex, you 513 00:26:39,359 --> 00:26:42,240 Speaker 1: talk about this, or wiki leaks, we can't pay this, 514 00:26:42,440 --> 00:26:45,560 Speaker 1: or you talk about this, or your country doesn't allow this, 515 00:26:45,640 --> 00:26:50,040 Speaker 1: and so um, this is peer to peer content creation, 516 00:26:50,119 --> 00:26:54,480 Speaker 1: and I think it's the start of this of incentive shift, uh, 517 00:26:54,600 --> 00:26:58,760 Speaker 1: this pay for content, pay for value, value transfer UM, 518 00:26:58,800 --> 00:27:00,200 Speaker 1: and it's so much bigger. So I want to talk 519 00:27:00,240 --> 00:27:02,919 Speaker 1: about that in just a second, talk about maybe we 520 00:27:02,920 --> 00:27:07,119 Speaker 1: can spend a minute forecasting where that can go. Because 521 00:27:07,160 --> 00:27:09,760 Speaker 1: as I've been saying UM on the Mark wah Show 522 00:27:09,760 --> 00:27:12,080 Speaker 1: on the Heart Radio Network, that having this a symmetric 523 00:27:12,080 --> 00:27:16,520 Speaker 1: information is what allows you to have this a symmetric upside, 524 00:27:16,520 --> 00:27:20,000 Speaker 1: which is, as I've been saying, the biggest opportunity we'll 525 00:27:20,000 --> 00:27:21,679 Speaker 1: ever see. So we'll be back with that in just 526 00:27:21,720 --> 00:27:24,480 Speaker 1: a second. All right, you are back listening to the 527 00:27:24,520 --> 00:27:26,760 Speaker 1: Mark Moa Show. Thanks so much for joining me, where 528 00:27:26,800 --> 00:27:30,240 Speaker 1: I am going to talk about bitcoin, cryptocurrencies, the decentralized 529 00:27:30,240 --> 00:27:33,680 Speaker 1: revolution and literally the biggest opportunity that you will ever 530 00:27:33,680 --> 00:27:36,560 Speaker 1: see in your lifetime, multiple lifetimes and generations. And the 531 00:27:36,640 --> 00:27:39,480 Speaker 1: only way that you can have the full opportunity benefit 532 00:27:39,520 --> 00:27:42,679 Speaker 1: from this is by having information that the majority, what 533 00:27:42,800 --> 00:27:45,520 Speaker 1: I might call the herd, doesn't have yet. And so 534 00:27:45,960 --> 00:27:48,720 Speaker 1: tunting with me each and every week. Set your calendar 535 00:27:49,040 --> 00:27:52,720 Speaker 1: right now, market for this time this channel, and come 536 00:27:52,760 --> 00:27:54,159 Speaker 1: back with me each and every week I'm with my 537 00:27:54,200 --> 00:27:57,199 Speaker 1: good friends Jessica Vaughan at Jessica Vaughan on Twitter and 538 00:27:57,240 --> 00:28:00,880 Speaker 1: Alex Fetzkis at Ghost of Fetzki. Of course I am 539 00:28:01,000 --> 00:28:03,920 Speaker 1: um at one. Mark Moss send us a tweet, ask 540 00:28:04,000 --> 00:28:05,640 Speaker 1: us a question. We'll try to answer it next week 541 00:28:05,640 --> 00:28:08,080 Speaker 1: when we come back. But we were in the middle 542 00:28:08,160 --> 00:28:11,720 Speaker 1: of talking about how I hate to say the biggest 543 00:28:11,760 --> 00:28:14,040 Speaker 1: because man, all these shifts are just so massive and 544 00:28:14,040 --> 00:28:17,000 Speaker 1: it's hard to imagine where they're going. But this week 545 00:28:17,560 --> 00:28:21,040 Speaker 1: we're talking about how Twitter rolled out in conjunction with 546 00:28:21,359 --> 00:28:26,080 Speaker 1: strike um, the ability to send bitcoin two people on 547 00:28:26,119 --> 00:28:29,320 Speaker 1: Twitter and UM, the way that it changes the in centrastructure, 548 00:28:29,320 --> 00:28:32,760 Speaker 1: and so like UM, it's kind of like if we 549 00:28:32,760 --> 00:28:35,040 Speaker 1: were watching this like futuristic. You know, we watched one 550 00:28:35,080 --> 00:28:36,680 Speaker 1: of these movies in the future and they go back 551 00:28:36,720 --> 00:28:39,080 Speaker 1: in time and when they go back in time, they say, 552 00:28:39,120 --> 00:28:41,719 Speaker 1: don't touch anything because if you even touch the smallest thing, 553 00:28:41,760 --> 00:28:44,400 Speaker 1: it could you know, completely change the future. And so 554 00:28:44,480 --> 00:28:48,640 Speaker 1: we understand from that, like this small shift, like what 555 00:28:48,720 --> 00:28:51,200 Speaker 1: could that mean in the future. And so we were 556 00:28:51,240 --> 00:28:53,480 Speaker 1: talking about the ability to you know, change in CenTra 557 00:28:53,520 --> 00:28:56,320 Speaker 1: structure where now we can provide more value get paid 558 00:28:56,360 --> 00:28:58,800 Speaker 1: directly back for the value that we provide from from 559 00:28:58,800 --> 00:29:02,080 Speaker 1: the people who received the value, as opposed to needing 560 00:29:02,080 --> 00:29:04,680 Speaker 1: this third party advertiser in the middle that we may 561 00:29:04,760 --> 00:29:07,840 Speaker 1: or may not agree with UM And even more importantly, 562 00:29:08,040 --> 00:29:11,200 Speaker 1: it allows us, especially in today's day and age, which 563 00:29:11,280 --> 00:29:14,640 Speaker 1: is more and more canceled culture and you know, we 564 00:29:14,720 --> 00:29:17,960 Speaker 1: can't have tolerance for people anymore, and paypals teaming up 565 00:29:18,000 --> 00:29:20,680 Speaker 1: with the Anti Defamation League to block payments to people. 566 00:29:21,160 --> 00:29:24,840 Speaker 1: UM and Bitcoin is sensor ship resistant. I can't be 567 00:29:24,880 --> 00:29:27,440 Speaker 1: censored if I want to send myay someone or someone's 568 00:29:27,440 --> 00:29:29,480 Speaker 1: a sendilay to me, it doesn't matter what PayPal or 569 00:29:29,480 --> 00:29:31,920 Speaker 1: a d L has to say about it. Censorship resistant. 570 00:29:32,200 --> 00:29:34,400 Speaker 1: I know, I actually want to say something about that. Yeah, 571 00:29:34,440 --> 00:29:36,680 Speaker 1: I was gonna so I actually have a thing about 572 00:29:36,720 --> 00:29:38,240 Speaker 1: the sensori of resistance that I want to say. But 573 00:29:38,280 --> 00:29:40,080 Speaker 1: before I say that, I just want to kind of 574 00:29:40,320 --> 00:29:43,200 Speaker 1: put my opinion about paper, like I I hate PayPal 575 00:29:43,360 --> 00:29:45,760 Speaker 1: Voice tated PayPal. I think it's really crap product, because 576 00:29:46,120 --> 00:29:49,720 Speaker 1: I mean, even just let's let's put aside the the 577 00:29:49,920 --> 00:29:52,600 Speaker 1: financial censorship that they have, it's just the really bad 578 00:29:53,000 --> 00:29:56,040 Speaker 1: UM app. Like I remember I was trying to sell 579 00:29:56,080 --> 00:29:58,320 Speaker 1: a speaker while I was in Germany. Um that I 580 00:29:58,440 --> 00:30:04,080 Speaker 1: bought and the dude can aime he um he he, 581 00:30:04,840 --> 00:30:08,080 Speaker 1: I think he no, I paid for the speaker. Sorry, 582 00:30:08,120 --> 00:30:09,480 Speaker 1: I was buying a speaker, That's what I was doing. 583 00:30:09,640 --> 00:30:12,880 Speaker 1: I bought the speaker off this dude on eBay. He came, 584 00:30:13,640 --> 00:30:15,320 Speaker 1: he showed it to me and it was all like 585 00:30:15,400 --> 00:30:17,600 Speaker 1: broken and smashed that. I was like, yeah, well, dude, 586 00:30:17,600 --> 00:30:21,560 Speaker 1: I don't want this because you know I don't want it, 587 00:30:21,600 --> 00:30:24,480 Speaker 1: So like he took it back and then I had 588 00:30:24,520 --> 00:30:27,240 Speaker 1: to like fight PayPal to get a to get a refund, 589 00:30:27,680 --> 00:30:32,760 Speaker 1: but they charged me euros on on my Australian dollar cards, 590 00:30:32,760 --> 00:30:34,480 Speaker 1: so they hit me with a conversion, and then on 591 00:30:34,520 --> 00:30:37,120 Speaker 1: the refund they hit me with a conversion on the back. 592 00:30:37,200 --> 00:30:40,760 Speaker 1: So I like, I paid five hundred euros for the speaker, 593 00:30:40,760 --> 00:30:43,200 Speaker 1: which costs me like seven hundred Australian dollars, and then 594 00:30:43,200 --> 00:30:46,280 Speaker 1: they gave me back four hundred and fifty euros. Took 595 00:30:46,320 --> 00:30:49,720 Speaker 1: me six months to get my money back, and like 596 00:30:50,360 --> 00:30:53,640 Speaker 1: this is like the kind of the dinosaurs that we're 597 00:30:53,680 --> 00:30:55,880 Speaker 1: dealing with me if I may jump in on that, 598 00:30:56,000 --> 00:31:00,400 Speaker 1: Alex though, but um, you know, bitcoin is immutable and 599 00:31:00,480 --> 00:31:03,840 Speaker 1: so um. With bitcoin, you wouldn't have been able to 600 00:31:03,880 --> 00:31:06,960 Speaker 1: get your money back at all. With bitcoin, I would 601 00:31:06,960 --> 00:31:09,720 Speaker 1: have been able to pay him instantly. So with PayPal 602 00:31:10,240 --> 00:31:12,920 Speaker 1: I had to prepay good, but you would have got 603 00:31:12,920 --> 00:31:14,400 Speaker 1: the speaker that was no good, and then you had 604 00:31:14,480 --> 00:31:16,360 Speaker 1: no way to get your money back. No, no, no, 605 00:31:16,360 --> 00:31:18,720 Speaker 1: not so I could have paid him when I saw him. 606 00:31:18,760 --> 00:31:20,680 Speaker 1: The problem with this was like I had to check 607 00:31:20,720 --> 00:31:22,440 Speaker 1: out with eBay, I had to do all that sort 608 00:31:22,440 --> 00:31:25,080 Speaker 1: of stuff, and you know, like and then the conversion 609 00:31:25,120 --> 00:31:27,960 Speaker 1: fees were actually what killed it. So so so so 610 00:31:28,040 --> 00:31:30,720 Speaker 1: that's sort of that piece. But anyway, coming back to 611 00:31:30,720 --> 00:31:33,360 Speaker 1: the censorship resistance, so like so so my thing on 612 00:31:33,400 --> 00:31:36,840 Speaker 1: that is, yes, bitcoin is censorship resistance. Like the risk 613 00:31:36,880 --> 00:31:39,480 Speaker 1: here is sort of like you know, Twitter is not 614 00:31:39,680 --> 00:31:43,320 Speaker 1: censorship resistant as we all know. So it's these two 615 00:31:43,360 --> 00:31:46,920 Speaker 1: coming together combined are really important. But the this is 616 00:31:47,000 --> 00:31:51,719 Speaker 1: kind of to your earlier point. It's Bitcoin's integration into 617 00:31:52,040 --> 00:31:55,719 Speaker 1: communication media is the big idea here. Twitter is like 618 00:31:55,760 --> 00:31:59,040 Speaker 1: a great way to bootstrap it. But as this starts 619 00:31:59,080 --> 00:32:01,760 Speaker 1: to seep into every thing, what's actually going to happen? 620 00:32:01,840 --> 00:32:03,640 Speaker 1: And this is this is actually a piece that I've 621 00:32:03,640 --> 00:32:05,560 Speaker 1: been arguing for such a long time, is all these 622 00:32:05,600 --> 00:32:07,160 Speaker 1: people who run around say we need to build a 623 00:32:07,200 --> 00:32:11,479 Speaker 1: decentralized social media centralize everything. They're wrecked. Now, Like, you 624 00:32:11,520 --> 00:32:13,880 Speaker 1: literally do not need to build a decentralized social media. 625 00:32:14,000 --> 00:32:19,160 Speaker 1: You need to build in decentralized payments into social media 626 00:32:19,560 --> 00:32:22,720 Speaker 1: because then what happens is people go and get monetized 627 00:32:23,040 --> 00:32:26,400 Speaker 1: on social media networks that do the least censoring. Because 628 00:32:26,440 --> 00:32:28,800 Speaker 1: if you censor all your people off, they go somewhere else, 629 00:32:29,200 --> 00:32:32,320 Speaker 1: you actually demonetize yourself and people go somewhere else. So 630 00:32:32,920 --> 00:32:35,880 Speaker 1: at the moment, everything is sort of run by advertisers, 631 00:32:36,320 --> 00:32:39,280 Speaker 1: and you know they can sort of create these world gardens, etcetera, etcetera. 632 00:32:39,320 --> 00:32:42,520 Speaker 1: So so now by bitcoin integrating and all in all 633 00:32:42,560 --> 00:32:47,040 Speaker 1: sorts of communication mediums or media, you end up creating 634 00:32:47,600 --> 00:32:52,360 Speaker 1: incentives for people to add value where they can. Right, So, 635 00:32:52,360 --> 00:32:55,360 Speaker 1: so it actually creates competition in the space and make 636 00:32:55,440 --> 00:33:00,480 Speaker 1: censorship economic suicide. Something you said, they're actually just struck me. Right. 637 00:33:00,520 --> 00:33:03,960 Speaker 1: So it's like, right now, the social media platforms are 638 00:33:04,120 --> 00:33:09,640 Speaker 1: run or really influenced the most by their advertisers. But 639 00:33:09,640 --> 00:33:13,719 Speaker 1: but when the advertisers don't matter anymore because the content 640 00:33:13,720 --> 00:33:18,640 Speaker 1: creators themselves are getting paid. It decentralizes that need and 641 00:33:18,720 --> 00:33:21,360 Speaker 1: now the content creators hold the power. But it's a 642 00:33:21,440 --> 00:33:25,720 Speaker 1: decentralized power instead of having one giant entity doing that. 643 00:33:25,760 --> 00:33:28,400 Speaker 1: What do you think about that, Jess, I am so 644 00:33:28,440 --> 00:33:31,479 Speaker 1: excited for the future. It's a nice dose of hope 645 00:33:31,560 --> 00:33:35,160 Speaker 1: in these days. I really need that. It's cool because 646 00:33:35,160 --> 00:33:38,800 Speaker 1: we're literally witnessing it happening in real time. And if 647 00:33:39,080 --> 00:33:42,160 Speaker 1: you don't, if you don't take the time to think 648 00:33:42,200 --> 00:33:44,400 Speaker 1: about it, discuss it like we're doing, and really just 649 00:33:44,800 --> 00:33:47,040 Speaker 1: I guess, you know, be grateful for it and like 650 00:33:47,160 --> 00:33:50,600 Speaker 1: really see the power that it could have for the future. 651 00:33:51,360 --> 00:33:52,840 Speaker 1: I mean, you don't have the hope, and we all 652 00:33:52,880 --> 00:33:54,680 Speaker 1: need that hope, right, Jess, I guess what you're saying. 653 00:33:55,960 --> 00:33:57,800 Speaker 1: I want to just add one bit of nuance that, dude, 654 00:33:58,000 --> 00:34:01,080 Speaker 1: is um the just just what you said about it 655 00:34:01,200 --> 00:34:04,360 Speaker 1: decentralizes all of this stuff, and the nuance there is 656 00:34:04,400 --> 00:34:08,640 Speaker 1: it's again, it's not one decentralized platform that we need. 657 00:34:09,120 --> 00:34:14,040 Speaker 1: Is we need multiple mediums of communication that compete, which 658 00:34:14,120 --> 00:34:19,719 Speaker 1: creates a broader, global decentralized communication network. So it's not 659 00:34:20,320 --> 00:34:22,120 Speaker 1: just one place. So that's the thing It's like, we 660 00:34:22,160 --> 00:34:25,680 Speaker 1: don't need effectively a decentralized version of Twitter. That's not 661 00:34:25,760 --> 00:34:28,640 Speaker 1: what we need. We need Twitter to compete with substract, 662 00:34:28,719 --> 00:34:32,240 Speaker 1: to compete with Medium, to compete with you know, whatever 663 00:34:32,320 --> 00:34:35,840 Speaker 1: other idea that is out there where you know, the 664 00:34:35,920 --> 00:34:40,200 Speaker 1: advertisers have less bite and where the content, where the 665 00:34:40,200 --> 00:34:44,680 Speaker 1: content creators can monetize themselves directly, like and and that 666 00:34:44,680 --> 00:34:47,520 Speaker 1: that right there is like again, it's incentives and competition. 667 00:34:47,719 --> 00:34:50,560 Speaker 1: That's what equalizes everything. You look at anything in nature, 668 00:34:51,160 --> 00:34:56,000 Speaker 1: competition equalizes everything. So that's that's what it kind of fixes. Yeah, 669 00:34:56,160 --> 00:34:59,399 Speaker 1: on the competition aspect, I can tell you firsthand. I'm 670 00:34:59,400 --> 00:35:02,440 Speaker 1: over here in porter Eco and um this week where 671 00:35:02,480 --> 00:35:04,200 Speaker 1: on my side of the island, the power has been 672 00:35:04,280 --> 00:35:07,959 Speaker 1: in and out all week, um, twelve hours at a time, 673 00:35:07,960 --> 00:35:10,200 Speaker 1: and the poor people, unfortunately, I mean, they don't have 674 00:35:10,200 --> 00:35:12,640 Speaker 1: any money in their their ninety degree heat, no air conditioning, 675 00:35:12,719 --> 00:35:16,160 Speaker 1: their food spoiling, there's no lights, no nothing. I was 676 00:35:16,200 --> 00:35:17,560 Speaker 1: able to leave to the other side of the island 677 00:35:17,600 --> 00:35:19,680 Speaker 1: and get a nice hotel, and I was trying to, 678 00:35:20,280 --> 00:35:24,120 Speaker 1: you know, explain to people like if if there was competition, 679 00:35:24,440 --> 00:35:28,280 Speaker 1: these electricity companies would be you know incentivized to provide 680 00:35:28,320 --> 00:35:31,600 Speaker 1: better service and better prices, and if my power went out, 681 00:35:31,640 --> 00:35:33,480 Speaker 1: I would leave to the competitors, so they make sure 682 00:35:33,520 --> 00:35:36,680 Speaker 1: the power never went out. But when there is no competition, 683 00:35:37,719 --> 00:35:39,399 Speaker 1: they can just do whatever they want and they don't 684 00:35:39,400 --> 00:35:41,560 Speaker 1: they don't have to care what happens. I guess there's 685 00:35:41,560 --> 00:35:43,160 Speaker 1: so much more that we can talk about that, and 686 00:35:43,160 --> 00:35:45,120 Speaker 1: we certainly will. We're gonna come back each and every 687 00:35:45,120 --> 00:35:47,440 Speaker 1: week here on the Markmas Show on the I Heart 688 00:35:47,480 --> 00:35:52,680 Speaker 1: Radio Network and talk about bitcoin, cryptocurrencies, the decentralized revolution, 689 00:35:52,719 --> 00:35:56,200 Speaker 1: and really the big opportunity um the hope that it 690 00:35:56,239 --> 00:35:58,440 Speaker 1: provides for the world, opportunity that has I'm here with 691 00:35:58,480 --> 00:36:01,120 Speaker 1: my good friends Jessica on at us go On on Twitter, 692 00:36:01,480 --> 00:36:04,600 Speaker 1: and Alex Fetzki is at the Ghost of Fetzky on Twitter. 693 00:36:04,640 --> 00:36:07,200 Speaker 1: Of course, I am one Mark Moss on Twitter. Follow 694 00:36:07,280 --> 00:36:09,160 Speaker 1: us all, send us a tweet, tell us you heard 695 00:36:09,239 --> 00:36:12,320 Speaker 1: us on that Heart radio network. We'd love to continue 696 00:36:12,320 --> 00:36:16,960 Speaker 1: this conversation on I have coming up next Alex Gladstein, 697 00:36:17,320 --> 00:36:19,680 Speaker 1: who is gonna be sitting down with me, And the 698 00:36:19,760 --> 00:36:23,120 Speaker 1: reason why I chose Alex Gladstein for the very first 699 00:36:23,440 --> 00:36:27,440 Speaker 1: episode of My Heart Show is because he is leading 700 00:36:27,480 --> 00:36:30,239 Speaker 1: the forefront on humans rights, and I believe that's the 701 00:36:30,280 --> 00:36:32,920 Speaker 1: most important thing. I don't want to set a foundation 702 00:36:32,960 --> 00:36:36,320 Speaker 1: of talking about money. I want to talk about changing 703 00:36:36,400 --> 00:36:39,000 Speaker 1: the world and solving human rights. Somebody back with Alex 704 00:36:39,040 --> 00:36:41,799 Speaker 1: Gladstein in a minute on the Mark Moss Show on 705 00:36:41,800 --> 00:36:42,760 Speaker 1: the Heart Radio network.