WEBVTT - The Mark Moss Show Oct 06, 2021 0:00:00.000 --> 0:00:02.120 All right, you are back with the Mark Moss Show, 0:00:02.200 --> 0:00:03.720 where each and every week I'm gonna talk to you 0:00:03.800 --> 0:00:08.039 about bitcoin, cryptocurrencies, the decentralized revolution, and what I am 0:00:08.119 --> 0:00:12.680 saying is the biggest asymmetric opportunity that you'll ever see 0:00:12.680 --> 0:00:14.800 in your lifetime, in multiple lifetimes. And of course we 0:00:14.800 --> 0:00:19.560 take advantage of those asymmetric opportunities by having a symmetric information, 0:00:19.600 --> 0:00:21.960 which is information most people don't have. So welcome back, 0:00:22.000 --> 0:00:24.239 thanks for sticking with me. I brought a couple of 0:00:24.239 --> 0:00:26.480 my good friends into the studio with me today because 0:00:27.000 --> 0:00:29.000 you know, I probably don't want to hear me talking 0:00:29.040 --> 0:00:31.320 for all this time, and so let's get some perspective. 0:00:31.320 --> 0:00:33.120 There's a couple of good stories I want to talk about. 0:00:33.640 --> 0:00:35.720 Lonely man, I got, I got Alex in with me 0:00:35.760 --> 0:00:37.800 in the studio. I got Jessica in this do with me. 0:00:37.880 --> 0:00:43.680 What's up, guys, yo? What's up? Man? So? Uh yeah, 0:00:43.720 --> 0:00:46.040 you know, we just I was talking earlier just about 0:00:46.080 --> 0:00:47.760 some of this big news that's been going on in 0:00:47.840 --> 0:00:51.240 the bigcoin space, and um, one of the biggest pieces 0:00:51.280 --> 0:00:55.480 of news I saw this week was China always dominating 0:00:55.520 --> 0:00:58.840 the news headlines, and uh, it seems like they again again, 0:00:58.880 --> 0:01:01.440 they've they've banned in the bitcoin. I think it's now 0:01:01.640 --> 0:01:05.360 the eighth or ninth time, I think at least, and 0:01:05.440 --> 0:01:09.399 what this year, this year, over the years, you know, 0:01:09.520 --> 0:01:11.800 and it's like, I mean, that's what it feels like. 0:01:12.040 --> 0:01:14.920 It's like, sorry, this just reminds me of that meme, 0:01:15.000 --> 0:01:18.600 you know, like, um, what is it? It was like this. 0:01:18.760 --> 0:01:21.000 It was the South Park thing, like you where they're 0:01:21.000 --> 0:01:23.280 doing prink coals and it's like the it's the Chinese 0:01:23.360 --> 0:01:25.160 dude doing the prink coal and it's like, you know, 0:01:25.200 --> 0:01:28.560 we want to we wanna make scare someone into believing 0:01:28.600 --> 0:01:30.440 something so that they can sell something. I can't remember 0:01:30.440 --> 0:01:32.639 what the meme was. And it's like you know what, 0:01:32.920 --> 0:01:36.200 and the dudes like, but we just used this last week. 0:01:36.240 --> 0:01:38.360 It's just like all right, do it again. It's like 0:01:38.520 --> 0:01:40.520 all right, we're gonna do it again. It's like the 0:01:40.560 --> 0:01:43.119 same thing again. So I actually didn't hear about this 0:01:43.280 --> 0:01:47.440 until I just saw the notes. I was like, okay, 0:01:47.880 --> 0:01:54.000 so didn't they just been like three weeks ago. But whatever, 0:01:56.800 --> 0:02:00.120 anything about it being banned in China or India any 0:02:00.160 --> 0:02:03.080 of that, it makes no difference. It's it's just like noise. 0:02:03.120 --> 0:02:06.560 Now it is noise, but I think it's also important 0:02:06.600 --> 0:02:08.560 for two reasons why I think it's important. So the 0:02:08.600 --> 0:02:11.359 first thing that's important to understand about them banning it 0:02:11.440 --> 0:02:15.919 again is the first thing is why why would they 0:02:15.919 --> 0:02:18.400 do that? And that's one. And then and I think 0:02:18.400 --> 0:02:21.560 it's important because depending on why I understand, that will 0:02:21.600 --> 0:02:26.200 help you understand what maybe your country might be thinking 0:02:26.200 --> 0:02:28.200 about doing at some point. The other thing that is 0:02:28.280 --> 0:02:30.720 under important understand is that when you're looking at bear 0:02:30.800 --> 0:02:34.560 and bowl markets, Um, when markets stopped going down on 0:02:34.639 --> 0:02:38.720 bad news, you're kind of bottomed out right, and so, uh, 0:02:38.880 --> 0:02:41.959 this is big news again. China bands at all cryptocurrency band. 0:02:41.960 --> 0:02:44.320 This is the final band. No one can trade it. 0:02:44.360 --> 0:02:47.760 But yet the market didn't even budge. And so to 0:02:48.040 --> 0:02:50.520 kind of your the both points of guys made like 0:02:50.800 --> 0:02:53.720 the market's kind of numb to it, like ninth time again, 0:02:53.840 --> 0:02:57.600 like a big deal. You know, kids, man, no kids, yeah, no, kids, 0:02:57.639 --> 0:03:00.840 Like at this point, it's like all right, China. It's 0:03:00.840 --> 0:03:02.239 it's kind of like general reminds me of it's like 0:03:02.240 --> 0:03:04.840 a little tuddler, you know, just crying and crying and 0:03:04.880 --> 0:03:07.320 crying and crying, and um, you know, and then it's 0:03:07.360 --> 0:03:10.560 like no one cares anymore, Like it's all right, Like 0:03:10.639 --> 0:03:14.360 it's you know, we move on, No one cares keep crying, 0:03:14.560 --> 0:03:16.799 and like people have moved on with their lives. And 0:03:16.880 --> 0:03:18.239 I think they've got to come up with a new 0:03:18.360 --> 0:03:21.760 sort of scare tactic. Maybe they should say China embraces 0:03:21.800 --> 0:03:25.639 bitcoin and then we'll all be like, oh, something's really up. 0:03:26.080 --> 0:03:28.239 Like that would scare me. If China turned around and 0:03:28.240 --> 0:03:30.960 said we're gonna make it a national currency, I'd be 0:03:31.000 --> 0:03:33.919 selling all my bitcoin like it's game over, I'm out 0:03:33.919 --> 0:03:36.200 of here like that. That would be a bad sign 0:03:36.240 --> 0:03:38.680 for me. Yeah. So definitely the markets are numb to it, 0:03:38.720 --> 0:03:40.880 and I think that's okay. But um, the one piece 0:03:40.920 --> 0:03:42.680 I saw in this news article I wanted to just 0:03:42.680 --> 0:03:47.160 grab which was interesting was they said that um quote 0:03:47.840 --> 0:03:52.040 in order to safeguard people's properties and the most important 0:03:52.080 --> 0:03:57.600 part and maintain economic, financial, and social order. And so 0:03:57.680 --> 0:04:00.040 it's like that piece, so they did it to a 0:04:00.040 --> 0:04:04.360 safewgard people's properties, yeah whatever, but maintain economic, financial, and 0:04:04.440 --> 0:04:08.360 social order and like, and when they say that basically there, 0:04:08.400 --> 0:04:11.760 it sounds like to me, what they're saying is that um, 0:04:11.880 --> 0:04:14.560 by people having the freedom to choose where they want 0:04:14.560 --> 0:04:17.240 to store their wealth and value or use what they 0:04:17.279 --> 0:04:20.600 want as money. That is a threat to the financial 0:04:20.600 --> 0:04:22.039 and social order. I mean, is that what you guys 0:04:22.040 --> 0:04:25.880 are hearing? Obviously? I mean this sort of reminds me 0:04:25.920 --> 0:04:28.600 of like, you know, what, what does a prison god 0:04:28.640 --> 0:04:32.320 exist for? To maintain you know, proper order inside the prison, 0:04:32.400 --> 0:04:35.120 so that the prisoners don't run amuck. Like it's the 0:04:35.160 --> 0:04:38.640 same thing, like you know, I mean, that's that's the 0:04:38.680 --> 0:04:40.320 first analogy that comes to mind to me. I don't 0:04:40.320 --> 0:04:44.240 I just what you think, but Jesus, well, I remember 0:04:44.279 --> 0:04:47.360 there were some theories before about when they make bitcoin 0:04:47.400 --> 0:04:50.200 illegal and bitcoin mining illegal, it was really just the 0:04:50.240 --> 0:04:54.760 states seizing control of operations because you can see there's 0:04:54.800 --> 0:04:57.360 something online where you can see all the active miners, 0:04:57.680 --> 0:04:59.599 and they allays built stay in China. It's not like 0:04:59.600 --> 0:05:03.479 they nest necessarily displaced by the you know, hundreds and thousands, 0:05:03.520 --> 0:05:07.800 they're all still there. So what is making something illegal 0:05:07.839 --> 0:05:11.960 to Chinese citizens necessarily? Mean as far as China's continued 0:05:12.000 --> 0:05:15.320 participation in bitcoin, because I'm sure the government of China 0:05:15.440 --> 0:05:19.479 still owns all kinds of bitcoin. Yeah, like my two 0:05:19.480 --> 0:05:23.000 cents here is like from what I understand, jokes aside, 0:05:23.040 --> 0:05:25.360 Like I mean, I actually didn't realize there was another band, 0:05:25.360 --> 0:05:29.360 but the last one was a genuine like crackdown on 0:05:29.600 --> 0:05:31.840 mining infrastructure and all that sort of stuff, and that 0:05:31.880 --> 0:05:34.000 was supposed to be the big band, and we actually 0:05:34.080 --> 0:05:37.760 saw the ramifications of that because we actually saw the 0:05:37.800 --> 0:05:40.159 hash rate drop right but now you know, the hash 0:05:40.240 --> 0:05:42.800 rates uh picked up again and it's it's recovered. I 0:05:42.800 --> 0:05:44.960 don't think it's recovered the whole way, but like that, 0:05:44.960 --> 0:05:49.120 that was like in live action, a major attempt at 0:05:49.120 --> 0:05:52.680 an attack on the Bitcoin network, and the sort of 0:05:52.720 --> 0:05:55.159 the Bitcoin net was kind of like what complex systems do. 0:05:55.240 --> 0:05:58.719 It It absorbed the attack and then it rotted it 0:05:58.760 --> 0:06:01.840 around it, which is exactly what the network was supposed 0:06:01.880 --> 0:06:04.400 to do. And and on a grand scale, you had 0:06:05.400 --> 0:06:10.039 exor hashes worth of like computing power reroute around the 0:06:10.040 --> 0:06:14.279 world in live action, and the network didn't skip a beat, 0:06:14.320 --> 0:06:16.000 like you know, we saw a bit of a slowdown 0:06:16.040 --> 0:06:18.880 on blocks, but then it kicked off again and it 0:06:18.920 --> 0:06:22.480 continued so so so that was like the biggest baseball 0:06:22.520 --> 0:06:26.000 bat that they could take and like whack, and nothing happened. 0:06:26.400 --> 0:06:29.040 So they're like, oh man, Jesus, this thing doesn't stop. 0:06:29.440 --> 0:06:33.040 So it's like, all right, quick, throw another band at 0:06:33.040 --> 0:06:34.960 it this time. Let's like, you know that didn't work. 0:06:35.040 --> 0:06:37.840 Let's let's let's try what we did last year. Let's 0:06:37.880 --> 0:06:39.719 ban the traders again, and you know, the ability to 0:06:39.760 --> 0:06:42.160 hold and all this sort of stuff, and like you know, again, 0:06:42.360 --> 0:06:44.279 whatever a narrative they're going to give, like the prison 0:06:44.400 --> 0:06:48.560 narrative and the order narrative and the whatever narrative, it's 0:06:48.600 --> 0:06:51.360 like a crying toddler, like as I said, but it 0:06:51.640 --> 0:06:55.840 just doesn't do anything. It's it's you can't beat a 0:06:55.839 --> 0:07:00.560 complex system by applying like a linear meth adtology. And 0:07:01.000 --> 0:07:03.680 that's where you know, all of these central plans and 0:07:03.680 --> 0:07:05.280 blah blah blah blah blah that we've always sort of 0:07:05.279 --> 0:07:08.960 been talking about, they just can't like they can't win. Well, 0:07:09.000 --> 0:07:11.040 what it does do, though, is well, one thing that's 0:07:11.080 --> 0:07:13.800 interested about that comment is it's exactly what Christine Lagarde, 0:07:13.840 --> 0:07:15.960 who's pretty previously with the i m F and now 0:07:16.040 --> 0:07:19.120 with the International Entrey Fund, now with the European Central Bank, 0:07:19.520 --> 0:07:23.160 and she said, quoting her that innovation is a threat 0:07:23.360 --> 0:07:28.040 to financial stability. And whoa did she say that she said, 0:07:28.920 --> 0:07:31.440 they don't want they don't want you having any workarounds 0:07:31.520 --> 0:07:34.120 and peer to peer payment methods and things where we 0:07:34.160 --> 0:07:37.680 can without there. You better not think, Jess, You better 0:07:37.720 --> 0:07:39.920 not think. You better not innovate. You better stay in 0:07:39.960 --> 0:07:42.720 your corner, madam. And really, it's not a threat to 0:07:42.880 --> 0:07:45.400 it's not a threat to financial stability. It's a threat 0:07:45.440 --> 0:07:49.200 to their financial monopoly. That's what it is. Hell yeah, 0:07:49.440 --> 0:07:52.280 hell yeah, amen. And so I just think it's important 0:07:52.280 --> 0:07:55.200 to understand what they're really saying, because then it gives 0:07:55.280 --> 0:07:58.480 us insight into what they're really thinking and then, um, 0:07:58.520 --> 0:08:01.680 what may potentially be kind of the trigger points for 0:08:01.760 --> 0:08:04.679 other countries that control their own currencies, like the European 0:08:04.720 --> 0:08:07.679 Central Bank or like the United States Federal Reserve, where 0:08:07.680 --> 0:08:10.120 like they really want to take away that safety valve 0:08:10.240 --> 0:08:12.480 or that release valve right where they don't want to 0:08:12.480 --> 0:08:16.040 allow people to escape. Well, it's kind of like imagine, 0:08:16.080 --> 0:08:18.000 imagine if you're on the Titanic. So so like I 0:08:18.000 --> 0:08:20.360 actually kind of feel for these guys because imagine if 0:08:20.400 --> 0:08:24.440 feel like you're on the Titanic and co back to this. 0:08:24.680 --> 0:08:26.600 Let's let's talk about the Titanic. I want to talk 0:08:26.640 --> 0:08:28.960 about the lifeboats, because that's an important thing that everybody 0:08:28.960 --> 0:08:31.360 needs to know. So, UM, well, I want to talk 0:08:31.400 --> 0:08:34.080 about the what we call the lifeboats and what does 0:08:34.080 --> 0:08:37.160 that mean because we're on a sinking ship like this Titanic. UM. 0:08:37.200 --> 0:08:40.199 What those safety boats, those safety valves are. I want 0:08:40.200 --> 0:08:42.720 to talk about why potentially they don't want us to 0:08:42.880 --> 0:08:46.000 have those UM. And then UM, I also want to 0:08:46.000 --> 0:08:49.160 discuss between the three of us, UM, what do we 0:08:49.200 --> 0:08:51.360 think the United States is going to do about that? 0:08:51.400 --> 0:08:54.720 Do they want to take away the safety valves? They 0:08:54.720 --> 0:08:56.880 want to take away the life boats that we have 0:08:56.960 --> 0:08:58.959 as well. So we're gonna talk about those couple of things. 0:08:59.520 --> 0:09:03.080 And then I also want to talk about what the uh, 0:09:03.120 --> 0:09:07.960 maybe we'll call him infamous um UM CEO of Tesla. 0:09:08.200 --> 0:09:11.080 We're talking about Elon Musk what he has to say 0:09:11.120 --> 0:09:14.920 about the government and taking away safety boats and safety vals. 0:09:14.960 --> 0:09:16.800 He was in an interview this week, UM, and he 0:09:16.840 --> 0:09:18.720 had some pretty interesting things to say. And I know 0:09:18.880 --> 0:09:21.880 there's a polarity some of us have different views about him, 0:09:21.880 --> 0:09:23.320 but it was interesting some of the comments that he said. 0:09:23.320 --> 0:09:25.000 So we're gonna talk about those things when we come back. 0:09:25.480 --> 0:09:27.839 All right, you're back with the Mark Moss Show or 0:09:27.880 --> 0:09:30.600 I'm gonna bring to you the latest in bitcoin, cryptocurrency 0:09:30.679 --> 0:09:34.320 and the decentralized information, each and every week. Follow me 0:09:34.360 --> 0:09:36.760 on Twitter. I'm the number one Mark Moss at me. 0:09:36.840 --> 0:09:38.760 Asked me your questions and we'll talk about him next 0:09:38.760 --> 0:09:41.000 week as well. I'm here with my good friends Alex 0:09:41.040 --> 0:09:44.320 Fetzky and Jessica Vaughan and we are talking about China 0:09:44.760 --> 0:09:48.240 banning bitcoin again for the eighth or ninth time, and 0:09:48.280 --> 0:09:51.640 specifically with the comment that they made about bitcoin being 0:09:51.679 --> 0:09:55.559 a threat to financial stability and order. And if we 0:09:55.640 --> 0:09:58.720 read between the lines, what they're really saying is that 0:09:59.000 --> 0:10:01.240 they don't want to allow people to have an outlet, 0:10:01.480 --> 0:10:03.680 a safety valve. They want everyone to stay on the 0:10:03.720 --> 0:10:06.559 sinking ship. And before we went to break, I know, Alex, 0:10:06.600 --> 0:10:09.240 you were talking about that safety boat, that kind of 0:10:09.240 --> 0:10:11.560 lifeboat analogy. So to jump back in on that, yeah, 0:10:12.120 --> 0:10:14.079 so so so. So the way I was going to 0:10:14.280 --> 0:10:16.760 try and frame it was to kind of like feel 0:10:16.800 --> 0:10:20.000 sorry for the maniacs, which is imagine you are on 0:10:20.040 --> 0:10:23.679 a sinking ship and you know that like you're you're 0:10:23.720 --> 0:10:27.680 you're sinking and you're starting to panic. What you don't 0:10:27.679 --> 0:10:31.360 want is everybody to start freaking out and jumping on 0:10:31.400 --> 0:10:34.800 the lifeboats and going we're all going to die and 0:10:34.880 --> 0:10:37.640 sort of you know, sort of like going overboard and leaving. 0:10:37.679 --> 0:10:41.240 So so of course, like you know, they're freaking out. Now. Now, 0:10:41.280 --> 0:10:43.640 this is not what a courageous person does. This is 0:10:43.640 --> 0:10:46.360 what like the you know, a captain who would be 0:10:46.360 --> 0:10:48.640 a loser does. And you know he'll be like, you know, 0:10:48.720 --> 0:10:52.000 we're all gone down together, um, and you know, wanting 0:10:52.040 --> 0:10:54.800 to kind of under the guise of, oh, we must 0:10:54.800 --> 0:10:58.560 maintain orderliness because we can somehow save the ship. And 0:10:59.040 --> 0:11:01.720 maybe it's neither. Maybe they don't think they're thinking. Maybe 0:11:01.720 --> 0:11:04.240 they think if we all just stay on here, uh, 0:11:04.280 --> 0:11:06.920 and if we all just you know, in solidarity, you know, 0:11:07.200 --> 0:11:10.600 be together with big brother, um, we we won't all die. 0:11:10.800 --> 0:11:14.600 And maybe they actually think that this thing is you know, 0:11:14.679 --> 0:11:18.679 not unraveling. Um. You know, well, maybe they think they 0:11:18.679 --> 0:11:20.920 have a chance to survive. So it's like, don't get 0:11:20.920 --> 0:11:23.040 on the ship, don't freak everyone else out. Well what 0:11:23.080 --> 0:11:25.360 happens is it takes away their tools, right, So, like 0:11:25.440 --> 0:11:27.800 they want to control the monetary supply and they want 0:11:27.800 --> 0:11:31.840 to control the the interest rates. Um. But then when 0:11:32.040 --> 0:11:34.160 the interest rates get so low and the monetary supply 0:11:34.200 --> 0:11:37.000 gets so high they're causing inflation. People want to leave. Um, 0:11:37.040 --> 0:11:40.439 but when people leave, they lose their controls because now 0:11:40.640 --> 0:11:42.400 they can't control people with the money and interest rates 0:11:42.400 --> 0:11:45.320 because people left, and so um, yeah, I guess it 0:11:45.400 --> 0:11:47.319 just sends the ship down even faster. The ship is 0:11:47.320 --> 0:11:49.840 already going down, and it just sends it down even faster. 0:11:49.920 --> 0:11:52.320 I guess. Yeah, it's like the the only So so 0:11:52.360 --> 0:11:54.800 what I think what the biggest risk is is if 0:11:54.800 --> 0:11:58.640 they don't sort of use a heavy hand, even the 0:11:58.679 --> 0:12:01.559 people who help them pull the levis internally will be like, man, 0:12:01.640 --> 0:12:03.959 screw this, this place is you know, going to hell. 0:12:04.080 --> 0:12:06.360 I'm out of here. And then kind of because because 0:12:06.360 --> 0:12:09.080 they kind of need internal people to function as well. 0:12:09.160 --> 0:12:13.240 So I can appreciate the panic from a Christine Lagod 0:12:13.320 --> 0:12:17.199 who apparently believes that innovation is going to kill us all. Um, 0:12:17.240 --> 0:12:20.560 you know, based on her hypothesis, we should be walking 0:12:20.559 --> 0:12:24.080 around with like, you know, loincloths. It's not that it 0:12:24.160 --> 0:12:28.160 kills us all innovation does. It's called creative destruction, right, 0:12:28.200 --> 0:12:31.760 So new creative kills the old way and it's supposed to. 0:12:32.360 --> 0:12:36.320 And so she is right, innovation does threaten the financial 0:12:36.320 --> 0:12:39.840 system because it's supposed to create a new, better way, 0:12:40.240 --> 0:12:42.640 which kills the old way. I want to jump over. 0:12:42.920 --> 0:12:45.960 I'm really great. I'm really grateful that she said that, 0:12:46.080 --> 0:12:49.200 because it makes me feel like we're onto the right thing. Like, Okay, 0:12:49.360 --> 0:12:51.560 if if they're concerned that we can opt out of 0:12:51.600 --> 0:12:56.000 this behavioral modification tool that they're designing total dependency on 0:12:56.520 --> 0:13:01.480 Fiat currency, then then it means that we're doing the thing. Yeah, 0:13:01.559 --> 0:13:04.480 and and it means that they see this and and uh, 0:13:04.520 --> 0:13:06.640 you know when when something is so good, it just 0:13:06.760 --> 0:13:10.400 it kills the old way because it's that much better. Now, 0:13:10.720 --> 0:13:12.440 I want to just jump gears a little bit, and 0:13:12.440 --> 0:13:15.120 then let's look at some some of the positivity. Now, 0:13:15.280 --> 0:13:17.120 if you're just tuning in right now, you're listening to 0:13:17.120 --> 0:13:19.400 the Mark Moa Show and talking about bitcoin, cryptocurrencies in 0:13:19.400 --> 0:13:22.959 the Decentralized Revolution, and we're talking about bitcoin being banned 0:13:22.960 --> 0:13:26.640 again by China. But um, that's why China and potentially 0:13:26.640 --> 0:13:29.120 other governments may want to ban it, but the it 0:13:29.280 --> 0:13:33.319 also creates opportunities. And we talk about this like game theory, um, 0:13:33.360 --> 0:13:35.120 where if everybody wants to ban it, but a few 0:13:35.120 --> 0:13:38.719 countries make it legal, how it can actually work out 0:13:38.720 --> 0:13:43.559 really good for those countries, and so potentially maybe this 0:13:43.679 --> 0:13:46.800 could be a big opportunity for the United States. We 0:13:46.920 --> 0:13:49.120 have seen where when they shut down the mining a 0:13:49.200 --> 0:13:50.920 few months ago, a lot of those miners, a good 0:13:50.960 --> 0:13:53.760 majority of them moved to the United States. Big opportunity. 0:13:54.200 --> 0:13:57.440 And so then the question becomes, will will the US 0:13:57.600 --> 0:14:01.439 follow in China's footsteps or will they embrace this opportunity. 0:14:01.800 --> 0:14:03.480 And I want to talk about something, and I want 0:14:03.480 --> 0:14:05.280 to I want to get Jesse's We're gonna get Jess's 0:14:05.280 --> 0:14:08.160 opinion on this one first. And this is Elon Musk, 0:14:08.200 --> 0:14:11.760 and he was interviewed by Kara Swisher. Good. She can 0:14:11.800 --> 0:14:15.200 take the opinion at the annual invite only Code conference. 0:14:15.200 --> 0:14:16.800 And I'm picking Jessica because I know she doesn't like 0:14:16.880 --> 0:14:21.240 to speak publicly about Elon Musk. So I'm gonna put 0:14:21.240 --> 0:14:24.280 it there. But did you did you date him as well? Good? 0:14:24.400 --> 0:14:26.880 But he said, uh, you know. Elon Musk argued that 0:14:26.880 --> 0:14:30.800 global government should steer clear of trying to regulate bitcoin 0:14:30.840 --> 0:14:32.800 and cryptocurrency. That's what he argued. And he said, quote, 0:14:32.840 --> 0:14:35.120 I'm gonna read it to you. Quote it is not 0:14:35.320 --> 0:14:40.120 possible to I think destroyed crypto, but it is possible 0:14:40.160 --> 0:14:45.080 for governments to slow down it's advancement end quote. And 0:14:45.080 --> 0:14:47.480 then he went on to say, quote I would say 0:14:47.840 --> 0:14:50.680 do nothing end quote. So, jess what do you think 0:14:50.680 --> 0:14:54.080 about Elon Musk's take on that right there? Well, his 0:14:54.160 --> 0:14:57.800 business plan for Tesla and and his own personal wealth. 0:14:57.880 --> 0:15:01.080 He he owns bitcoin, Tesla owns bitcoin, and he UM 0:15:01.120 --> 0:15:04.960 personally owns bitcoin, so of course he doesn't want to 0:15:05.000 --> 0:15:08.680 suggest to government to UM take an ax to his 0:15:09.200 --> 0:15:12.200 plan advancing forward with his business and his own personal wealth. 0:15:12.240 --> 0:15:15.440 Like why would he want anything different? And Um, I 0:15:15.440 --> 0:15:19.480 don't think that he spoke over um boisterously about it 0:15:19.600 --> 0:15:24.120 or anything. And I think it's reflective of most people's opinions, 0:15:24.200 --> 0:15:26.560 especially in the crypto space. I mean, why why would 0:15:26.600 --> 0:15:29.480 you need to to Why would you need to suggest 0:15:29.520 --> 0:15:31.960 to government that they should take a heavy handed regulating 0:15:32.000 --> 0:15:35.040 something that you own? You don't want that? Of course, Yeah, 0:15:35.080 --> 0:15:38.360 I was. I'm grateful that um that was his take. 0:15:38.600 --> 0:15:42.480 Maybe maybe UM, the high regard people hold of him, 0:15:42.480 --> 0:15:46.400 they'll take that under consideration. Well, I think as an innovator, 0:15:46.520 --> 0:15:49.480 he gets it right, so like he's an innovators. He's 0:15:49.520 --> 0:15:53.240 an inventing and he realizes that if an inventor had 0:15:53.280 --> 0:15:55.680 to go to the government to get permission before they 0:15:55.760 --> 0:15:58.320 created something, it would probably never happen. They say, like 0:15:58.320 --> 0:16:00.120 if the Right brothers had to get permission to old 0:16:00.120 --> 0:16:01.760 an airplane, and probably never would have happened. And so 0:16:02.120 --> 0:16:05.360 I think Elon Musk recognizes that if the government puts 0:16:05.400 --> 0:16:08.120 this regulation on top of it, it's only going to 0:16:08.200 --> 0:16:12.760 stifle innovation, which, of course exactly what Christine Legarde was saying, 0:16:12.800 --> 0:16:17.960 they want to stop right. I personally hope that um 0:16:18.080 --> 0:16:19.960 Elon Musk is on the side of freedom. I know 0:16:20.040 --> 0:16:22.680 there's some some debate about that as far as him 0:16:22.680 --> 0:16:27.640 being a polarizing figure. UM, but I think he's with freedom. Yeah. Well, 0:16:28.040 --> 0:16:30.040 we don't have to debate that so much as we 0:16:30.160 --> 0:16:32.680 can say that he's apparently, per his quotes here, he's 0:16:32.720 --> 0:16:36.160 definitely on the side of innovation, and so UM letting 0:16:36.400 --> 0:16:40.200 innovation happen, which I think is important. Um. And speaking 0:16:40.200 --> 0:16:42.440 of innovation, there was another big thing that happened this 0:16:42.480 --> 0:16:44.280 week that I know both you and I got to 0:16:44.320 --> 0:16:47.840 participate in, which was pretty cool, and that is the 0:16:47.840 --> 0:16:50.720 the integration and we're seeing this, and and and I 0:16:50.720 --> 0:16:53.960 don't want to I don't want to understate this. UM 0:16:54.000 --> 0:16:56.280 and again, real quick before I tell you about that. UM, 0:16:56.320 --> 0:16:58.440 you're listening to the Mark mas Show on the Heart 0:16:58.520 --> 0:17:01.840 Radio Network. And I want to talk about, UM, some 0:17:01.880 --> 0:17:05.240 innovation that happened this week with technology integration that is 0:17:05.320 --> 0:17:08.240 going to make a massive, massive impact. Some people are 0:17:08.240 --> 0:17:11.120 saying this could push bitcoin's price above three thousand dollars. 0:17:11.119 --> 0:17:14.439 But it's not even about that. It's paving the way 0:17:15.160 --> 0:17:19.400 for an entire new economy. UM, and we're gonna talk 0:17:19.440 --> 0:17:21.719 about that. I want to talk about the pieces of 0:17:21.720 --> 0:17:25.439 technology that got integrated. UM. Like I said, Jess and 0:17:25.560 --> 0:17:27.840 I both got invited into this program and we've been 0:17:27.920 --> 0:17:30.320 using it. UM, I've been using it today. I want 0:17:30.320 --> 0:17:32.800 to explain that to you. But really I want to 0:17:32.800 --> 0:17:35.240 talk about how cool it is, but more importantly, how 0:17:35.280 --> 0:17:39.680 it changes the economy and most importantly, this incentive structure 0:17:40.200 --> 0:17:44.200 of providing value back and forth. We're gonna talk about 0:17:44.240 --> 0:17:46.600 this opportunity as soon as we get back. So I 0:17:46.640 --> 0:17:48.880 hang on, all right, you are back with the Mark 0:17:49.000 --> 0:17:51.199 Moss Show. This is a brand new show where I 0:17:51.200 --> 0:17:55.240 talk about bitcoin, cryptocurrencies, The decentralized revolution and what I 0:17:55.400 --> 0:17:59.159 am calling the biggest opportunity that you'll ever see in 0:17:59.160 --> 0:18:01.800 your life, will ever see in multiple generations. And the 0:18:01.840 --> 0:18:04.880 best way to take advantage of asymmetric opportunities like this 0:18:05.359 --> 0:18:08.840 is by having a symmetric information. You have to know 0:18:08.960 --> 0:18:11.760 things that the majority of people don't know. You have 0:18:11.840 --> 0:18:14.240 to be an early adopter. And so if you tune 0:18:14.240 --> 0:18:16.200 in with me each end, every week, you're going to 0:18:16.280 --> 0:18:18.720 have that information to participate to take advantage of this. 0:18:18.800 --> 0:18:21.440 So take a second, real quick, why you're listening, Pull 0:18:21.480 --> 0:18:24.360 act your phone. What a calendar reminder for this very 0:18:24.400 --> 0:18:28.240 time on this station? Come back every single week. Also, 0:18:28.359 --> 0:18:31.320 send me a tweet one Mark Moss the number one 0:18:31.359 --> 0:18:33.359 Mark Moss at me asked me a question. I'll make 0:18:33.359 --> 0:18:35.080 sure answer on the show next week. Alright, So we 0:18:35.119 --> 0:18:37.880 are talking about we're switching gears on with my good 0:18:37.920 --> 0:18:42.040 friends Jessica Vaughan and Alex Fetzki, and um, we are 0:18:42.080 --> 0:18:46.600 talking about a new innovation that just happened this week, UM, 0:18:46.680 --> 0:18:50.800 that I think has massive implications for the way the 0:18:50.840 --> 0:18:52.920 world moves forward. And so let me explain that what 0:18:52.920 --> 0:18:57.520 what that is? And so Jessica, Alex myself. We're content creators. Um. 0:18:57.560 --> 0:18:59.960 You can find us all on Twitter at Jessica Vaughan 0:19:00.000 --> 0:19:05.639 on and at ghosts Fetzki that's it, at Ghostski, at 0:19:05.720 --> 0:19:07.680 Jessicavan and of course at one morths you can find 0:19:07.720 --> 0:19:10.840 us there. And what's interesting is this new technology that happening. 0:19:10.920 --> 0:19:15.240 So this week Twitter rolled out some new innovation that 0:19:15.400 --> 0:19:21.600 has um integrated direct bitcoin payments into the Twitter app 0:19:22.240 --> 0:19:24.480 and um what it's done. And I think they've also 0:19:24.560 --> 0:19:26.840 kind of parted up with sub stack and open Node, 0:19:27.280 --> 0:19:31.240 but mainly with Twitter and Strike. They've built an application 0:19:31.320 --> 0:19:35.719 away to put Twitter I'm sorry, put bitcoin payments right 0:19:35.720 --> 0:19:39.040 into Twitter and uh shout out to Jack Mallers, who's 0:19:39.119 --> 0:19:41.080 really leading the chart. And some of this innovation has 0:19:41.119 --> 0:19:43.520 invited me to the beta group, so thank you Jack, 0:19:44.000 --> 0:19:47.640 Um and Jessica. I got that installed today this morning, 0:19:48.080 --> 0:19:50.720 and already leading up to this show, I was starting 0:19:50.760 --> 0:19:54.440 to get tips. People were literally sending me bitcoin and 0:19:55.040 --> 0:19:57.199 I have to say, you know, we learned about these things, 0:19:57.240 --> 0:19:58.919 we talked about them, and we have this viewpoint. But 0:19:59.119 --> 0:20:00.520 to see it, like when we are all down in 0:20:00.520 --> 0:20:03.440 Al Salvador, to see it, it gives you a different perspective, 0:20:03.480 --> 0:20:06.840 and so all of a sudden today I'm getting tips 0:20:07.520 --> 0:20:09.679 from are not honest people, but people that follow me 0:20:09.720 --> 0:20:12.760 on Twitter. Um, thank you for that. And it made 0:20:12.760 --> 0:20:14.680 me just think. It shifted my mindset on this a 0:20:14.680 --> 0:20:17.640 little bit. And so think about this for a second, guys. Um, 0:20:17.680 --> 0:20:21.760 it made me think it's a new way of exchanging value. 0:20:22.520 --> 0:20:26.920 If I can give value to other people, they can 0:20:27.200 --> 0:20:33.240 directly pay me back, um with tips, without having any intermediaries, 0:20:33.240 --> 0:20:35.320 without anybody in the middle, without rent seekers. Now I 0:20:35.359 --> 0:20:37.240 got a lot of dollar tips. That was pretty cool. 0:20:37.400 --> 0:20:40.720 Someone sent me a five cent tip and whatever, five cents, 0:20:40.760 --> 0:20:45.920 that's cool. But there's no way to pay five cents normally. 0:20:46.480 --> 0:20:48.399