Speaker 1: All right, you are back with the Mark Moss Show,
Speaker 1: where each and every week I'm gonna talk to you
Speaker 1: about bitcoin, cryptocurrencies, the decentralized revolution, and what I am
Speaker 1: saying is the biggest asymmetric opportunity that you'll ever see
Speaker 1: in your lifetime, in multiple lifetimes. And of course we
Speaker 1: take advantage of those asymmetric opportunities by having a symmetric information,
Speaker 1: which is information most people don't have. So welcome back,
Speaker 1: thanks for sticking with me. I brought a couple of
Speaker 1: my good friends into the studio with me today because
Speaker 1: you know, I probably don't want to hear me talking
Speaker 1: for all this time, and so let's get some perspective.
Speaker 1: There's a couple of good stories I want to talk about.
Speaker 1: Lonely man, I got, I got Alex in with me
Speaker 1: in the studio. I got Jessica in this do with me.
Speaker 1: What's up, guys, yo? What's up? Man? So? Uh yeah,
Speaker 1: you know, we just I was talking earlier just about
Speaker 1: some of this big news that's been going on in
Speaker 1: the bigcoin space, and um, one of the biggest pieces
Speaker 1: of news I saw this week was China always dominating
Speaker 1: the news headlines, and uh, it seems like they again again,
Speaker 1: they've they've banned in the bitcoin. I think it's now
Speaker 1: the eighth or ninth time, I think at least, and
Speaker 1: what this year, this year, over the years, you know,
Speaker 1: and it's like, I mean, that's what it feels like.
Speaker 1: It's like, sorry, this just reminds me of that meme,
Speaker 1: you know, like, um, what is it? It was like this.
Speaker 1: It was the South Park thing, like you where they're
Speaker 1: doing prink coals and it's like the it's the Chinese
Speaker 1: dude doing the prink coal and it's like, you know,
Speaker 1: we want to we wanna make scare someone into believing
Speaker 1: something so that they can sell something. I can't remember
Speaker 1: what the meme was. And it's like you know what,
Speaker 1: and the dudes like, but we just used this last week.
Speaker 1: It's just like all right, do it again. It's like
Speaker 1: all right, we're gonna do it again. It's like the
Speaker 1: same thing again. So I actually didn't hear about this
Speaker 1: until I just saw the notes. I was like, okay,
Speaker 1: so didn't they just been like three weeks ago. But whatever,
Speaker 1: anything about it being banned in China or India any
Speaker 1: of that, it makes no difference. It's it's just like noise.
Speaker 1: Now it is noise, but I think it's also important
Speaker 1: for two reasons why I think it's important. So the
Speaker 1: first thing that's important to understand about them banning it
Speaker 1: again is the first thing is why why would they
Speaker 1: do that? And that's one. And then and I think
Speaker 1: it's important because depending on why I understand, that will
Speaker 1: help you understand what maybe your country might be thinking
Speaker 1: about doing at some point. The other thing that is
Speaker 1: under important understand is that when you're looking at bear
Speaker 1: and bowl markets, Um, when markets stopped going down on
Speaker 1: bad news, you're kind of bottomed out right, and so, uh,
Speaker 1: this is big news again. China bands at all cryptocurrency band.
Speaker 1: This is the final band. No one can trade it.
Speaker 1: But yet the market didn't even budge. And so to
Speaker 1: kind of your the both points of guys made like
Speaker 1: the market's kind of numb to it, like ninth time again,
Speaker 1: like a big deal. You know, kids, man, no kids, yeah, no, kids,
Speaker 1: Like at this point, it's like all right, China. It's
Speaker 1: it's kind of like general reminds me of it's like
Speaker 1: a little tuddler, you know, just crying and crying and
Speaker 1: crying and crying, and um, you know, and then it's
Speaker 1: like no one cares anymore, Like it's all right, Like
Speaker 1: it's you know, we move on, No one cares keep crying,
Speaker 1: and like people have moved on with their lives. And
Speaker 1: I think they've got to come up with a new
Speaker 1: sort of scare tactic. Maybe they should say China embraces
Speaker 1: bitcoin and then we'll all be like, oh, something's really up.
Speaker 1: Like that would scare me. If China turned around and
Speaker 1: said we're gonna make it a national currency, I'd be
Speaker 1: selling all my bitcoin like it's game over, I'm out
Speaker 1: of here like that. That would be a bad sign
Speaker 1: for me. Yeah. So definitely the markets are numb to it,
Speaker 1: and I think that's okay. But um, the one piece
Speaker 1: I saw in this news article I wanted to just
Speaker 1: grab which was interesting was they said that um quote
Speaker 1: in order to safeguard people's properties and the most important
Speaker 1: part and maintain economic, financial, and social order. And so
Speaker 1: it's like that piece, so they did it to a
Speaker 1: safewgard people's properties, yeah whatever, but maintain economic, financial, and
Speaker 1: social order and like, and when they say that basically there,
Speaker 1: it sounds like to me, what they're saying is that um,
Speaker 1: by people having the freedom to choose where they want
Speaker 1: to store their wealth and value or use what they
Speaker 1: want as money. That is a threat to the financial
Speaker 1: and social order. I mean, is that what you guys
Speaker 1: are hearing? Obviously? I mean this sort of reminds me
Speaker 1: of like, you know, what, what does a prison god
Speaker 1: exist for? To maintain you know, proper order inside the prison,
Speaker 1: so that the prisoners don't run amuck. Like it's the
Speaker 1: same thing, like you know, I mean, that's that's the
Speaker 1: first analogy that comes to mind to me. I don't
Speaker 1: I just what you think, but Jesus, well, I remember
Speaker 1: there were some theories before about when they make bitcoin
Speaker 1: illegal and bitcoin mining illegal, it was really just the
Speaker 1: states seizing control of operations because you can see there's
Speaker 1: something online where you can see all the active miners,
Speaker 1: and they allays built stay in China. It's not like
Speaker 1: they nest necessarily displaced by the you know, hundreds and thousands,
Speaker 1: they're all still there. So what is making something illegal
Speaker 1: to Chinese citizens necessarily? Mean as far as China's continued
Speaker 1: participation in bitcoin, because I'm sure the government of China
Speaker 1: still owns all kinds of bitcoin. Yeah, like my two
Speaker 1: cents here is like from what I understand, jokes aside,
Speaker 1: Like I mean, I actually didn't realize there was another band,
Speaker 1: but the last one was a genuine like crackdown on
Speaker 1: mining infrastructure and all that sort of stuff, and that
Speaker 1: was supposed to be the big band, and we actually
Speaker 1: saw the ramifications of that because we actually saw the
Speaker 1: hash rate drop right but now you know, the hash
Speaker 1: rates uh picked up again and it's it's recovered. I
Speaker 1: don't think it's recovered the whole way, but like that,
Speaker 1: that was like in live action, a major attempt at
Speaker 1: an attack on the Bitcoin network, and the sort of
Speaker 1: the Bitcoin net was kind of like what complex systems do.
Speaker 1: It It absorbed the attack and then it rotted it
Speaker 1: around it, which is exactly what the network was supposed
Speaker 1: to do. And and on a grand scale, you had
Speaker 1: exor hashes worth of like computing power reroute around the
Speaker 1: world in live action, and the network didn't skip a beat,
Speaker 1: like you know, we saw a bit of a slowdown
Speaker 1: on blocks, but then it kicked off again and it
Speaker 1: continued so so so that was like the biggest baseball
Speaker 1: bat that they could take and like whack, and nothing happened.
Speaker 1: So they're like, oh man, Jesus, this thing doesn't stop.
Speaker 1: So it's like, all right, quick, throw another band at
Speaker 1: it this time. Let's like, you know that didn't work.
Speaker 1: Let's let's let's try what we did last year. Let's
Speaker 1: ban the traders again, and you know, the ability to
Speaker 1: hold and all this sort of stuff, and like you know, again,
Speaker 1: whatever a narrative they're going to give, like the prison
Speaker 1: narrative and the order narrative and the whatever narrative, it's
Speaker 1: like a crying toddler, like as I said, but it
Speaker 1: just doesn't do anything. It's it's you can't beat a
Speaker 1: complex system by applying like a linear meth adtology. And
Speaker 1: that's where you know, all of these central plans and
Speaker 1: blah blah blah blah blah that we've always sort of
Speaker 1: been talking about, they just can't like they can't win. Well,
Speaker 1: what it does do, though, is well, one thing that's
Speaker 1: interested about that comment is it's exactly what Christine Lagarde,
Speaker 1: who's pretty previously with the i m F and now
Speaker 1: with the International Entrey Fund, now with the European Central Bank,
Speaker 1: and she said, quoting her that innovation is a threat
Speaker 1: to financial stability. And whoa did she say that she said,
Speaker 1: they don't want they don't want you having any workarounds
Speaker 1: and peer to peer payment methods and things where we
Speaker 1: can without there. You better not think, Jess, You better
Speaker 1: not think. You better not innovate. You better stay in
Speaker 1: your corner, madam. And really, it's not a threat to
Speaker 1: it's not a threat to financial stability. It's a threat
Speaker 1: to their financial monopoly. That's what it is. Hell yeah,
Speaker 1: hell yeah, amen. And so I just think it's important
Speaker 1: to understand what they're really saying, because then it gives
Speaker 1: us insight into what they're really thinking and then, um,
Speaker 1: what may potentially be kind of the trigger points for
Speaker 1: other countries that control their own currencies, like the European
Speaker 1: Central Bank or like the United States Federal Reserve, where
Speaker 1: like they really want to take away that safety valve
Speaker 1: or that release valve right where they don't want to
Speaker 1: allow people to escape. Well, it's kind of like imagine,
Speaker 1: imagine if you're on the Titanic. So so like I
Speaker 1: actually kind of feel for these guys because imagine if
Speaker 1: feel like you're on the Titanic and co back to this.
Speaker 1: Let's let's talk about the Titanic. I want to talk
Speaker 1: about the lifeboats, because that's an important thing that everybody
Speaker 1: needs to know. So, UM, well, I want to talk
Speaker 1: about the what we call the lifeboats and what does
Speaker 1: that mean because we're on a sinking ship like this Titanic. UM.
Speaker 1: What those safety boats, those safety valves are. I want
Speaker 1: to talk about why potentially they don't want us to
Speaker 1: have those UM. And then UM, I also want to
Speaker 1: discuss between the three of us, UM, what do we
Speaker 1: think the United States is going to do about that?
Speaker 1: Do they want to take away the safety valves? They
Speaker 1: want to take away the life boats that we have
Speaker 1: as well. So we're gonna talk about those couple of things.
Speaker 1: And then I also want to talk about what the uh,
Speaker 1: maybe we'll call him infamous um UM CEO of Tesla.
Speaker 1: We're talking about Elon Musk what he has to say
Speaker 1: about the government and taking away safety boats and safety vals.
Speaker 1: He was in an interview this week, UM, and he
Speaker 1: had some pretty interesting things to say. And I know
Speaker 1: there's a polarity some of us have different views about him,
Speaker 1: but it was interesting some of the comments that he said.
Speaker 1: So we're gonna talk about those things when we come back.
Speaker 1: All right, you're back with the Mark Moss Show or
Speaker 1: I'm gonna bring to you the latest in bitcoin, cryptocurrency
Speaker 1: and the decentralized information, each and every week. Follow me
Speaker 1: on Twitter. I'm the number one Mark Moss at me.
Speaker 1: Asked me your questions and we'll talk about him next
Speaker 1: week as well. I'm here with my good friends Alex
Speaker 1: Fetzky and Jessica Vaughan and we are talking about China
Speaker 1: banning bitcoin again for the eighth or ninth time, and
Speaker 1: specifically with the comment that they made about bitcoin being
Speaker 1: a threat to financial stability and order. And if we
Speaker 1: read between the lines, what they're really saying is that
Speaker 1: they don't want to allow people to have an outlet,
Speaker 1: a safety valve. They want everyone to stay on the
Speaker 1: sinking ship. And before we went to break, I know, Alex,
Speaker 1: you were talking about that safety boat, that kind of
Speaker 1: lifeboat analogy. So to jump back in on that, yeah,
Speaker 1: so so so. So the way I was going to
Speaker 1: try and frame it was to kind of like feel
Speaker 1: sorry for the maniacs, which is imagine you are on
Speaker 1: a sinking ship and you know that like you're you're
Speaker 1: you're sinking and you're starting to panic. What you don't
Speaker 1: want is everybody to start freaking out and jumping on
Speaker 1: the lifeboats and going we're all going to die and
Speaker 1: sort of you know, sort of like going overboard and leaving.
Speaker 1: So so of course, like you know, they're freaking out. Now. Now,
Speaker 1: this is not what a courageous person does. This is
Speaker 1: what like the you know, a captain who would be
Speaker 1: a loser does. And you know he'll be like, you know,
Speaker 1: we're all gone down together, um, and you know, wanting
Speaker 1: to kind of under the guise of, oh, we must
Speaker 1: maintain orderliness because we can somehow save the ship. And
Speaker 1: maybe it's neither. Maybe they don't think they're thinking. Maybe
Speaker 1: they think if we all just stay on here, uh,
Speaker 1: and if we all just you know, in solidarity, you know,
Speaker 1: be together with big brother, um, we we won't all die.
Speaker 1: And maybe they actually think that this thing is you know,
Speaker 1: not unraveling. Um. You know, well, maybe they think they
Speaker 1: have a chance to survive. So it's like, don't get
Speaker 1: on the ship, don't freak everyone else out. Well what
Speaker 1: happens is it takes away their tools, right, So, like
Speaker 1: they want to control the monetary supply and they want
Speaker 1: to control the the interest rates. Um. But then when
Speaker 1: the interest rates get so low and the monetary supply
Speaker 1: gets so high they're causing inflation. People want to leave. Um,
Speaker 1: but when people leave, they lose their controls because now
Speaker 1: they can't control people with the money and interest rates
Speaker 1: because people left, and so um, yeah, I guess it
Speaker 1: just sends the ship down even faster. The ship is
Speaker 1: already going down, and it just sends it down even faster.
Speaker 1: I guess. Yeah, it's like the the only So so
Speaker 1: what I think what the biggest risk is is if
Speaker 1: they don't sort of use a heavy hand, even the
Speaker 1: people who help them pull the levis internally will be like, man,
Speaker 1: screw this, this place is you know, going to hell.
Speaker 1: I'm out of here. And then kind of because because
Speaker 1: they kind of need internal people to function as well.
Speaker 1: So I can appreciate the panic from a Christine Lagod
Speaker 1: who apparently believes that innovation is going to kill us all. Um,
Speaker 1: you know, based on her hypothesis, we should be walking
Speaker 1: around with like, you know, loincloths. It's not that it
Speaker 1: kills us all innovation does. It's called creative destruction, right,
Speaker 1: So new creative kills the old way and it's supposed to.
Speaker 1: And so she is right, innovation does threaten the financial
Speaker 1: system because it's supposed to create a new, better way,
Speaker 1: which kills the old way. I want to jump over.
Speaker 1: I'm really great. I'm really grateful that she said that,
Speaker 1: because it makes me feel like we're onto the right thing. Like, Okay,
Speaker 1: if if they're concerned that we can opt out of
Speaker 1: this behavioral modification tool that they're designing total dependency on
Speaker 1: Fiat currency, then then it means that we're doing the thing. Yeah,
Speaker 1: and and it means that they see this and and uh,
Speaker 1: you know when when something is so good, it just
Speaker 1: it kills the old way because it's that much better. Now,
Speaker 1: I want to just jump gears a little bit, and
Speaker 1: then let's look at some some of the positivity. Now,
Speaker 1: if you're just tuning in right now, you're listening to
Speaker 1: the Mark Moa Show and talking about bitcoin, cryptocurrencies in
Speaker 1: the Decentralized Revolution, and we're talking about bitcoin being banned
Speaker 1: again by China. But um, that's why China and potentially
Speaker 1: other governments may want to ban it, but the it
Speaker 1: also creates opportunities. And we talk about this like game theory, um,
Speaker 1: where if everybody wants to ban it, but a few
Speaker 1: countries make it legal, how it can actually work out
Speaker 1: really good for those countries, and so potentially maybe this
Speaker 1: could be a big opportunity for the United States. We
Speaker 1: have seen where when they shut down the mining a
Speaker 1: few months ago, a lot of those miners, a good
Speaker 1: majority of them moved to the United States. Big opportunity.
Speaker 1: And so then the question becomes, will will the US
Speaker 1: follow in China's footsteps or will they embrace this opportunity.
Speaker 1: And I want to talk about something, and I want
Speaker 1: to I want to get Jesse's We're gonna get Jess's
Speaker 1: opinion on this one first. And this is Elon Musk,
Speaker 1: and he was interviewed by Kara Swisher. Good. She can
Speaker 1: take the opinion at the annual invite only Code conference.
Speaker 1: And I'm picking Jessica because I know she doesn't like
Speaker 1: to speak publicly about Elon Musk. So I'm gonna put
Speaker 1: it there. But did you did you date him as well? Good?
Speaker 1: But he said, uh, you know. Elon Musk argued that
Speaker 1: global government should steer clear of trying to regulate bitcoin
Speaker 1: and cryptocurrency. That's what he argued. And he said, quote,
Speaker 1: I'm gonna read it to you. Quote it is not
Speaker 1: possible to I think destroyed crypto, but it is possible
Speaker 1: for governments to slow down it's advancement end quote. And
Speaker 1: then he went on to say, quote I would say
Speaker 1: do nothing end quote. So, jess what do you think
Speaker 1: about Elon Musk's take on that right there? Well, his
Speaker 1: business plan for Tesla and and his own personal wealth.
Speaker 1: He he owns bitcoin, Tesla owns bitcoin, and he UM
Speaker 1: personally owns bitcoin, so of course he doesn't want to
Speaker 1: suggest to government to UM take an ax to his
Speaker 1: plan advancing forward with his business and his own personal wealth.
Speaker 1: Like why would he want anything different? And Um, I
Speaker 1: don't think that he spoke over um boisterously about it
Speaker 1: or anything. And I think it's reflective of most people's opinions,
Speaker 1: especially in the crypto space. I mean, why why would
Speaker 1: you need to to Why would you need to suggest
Speaker 1: to government that they should take a heavy handed regulating
Speaker 1: something that you own? You don't want that? Of course, Yeah,
Speaker 1: I was. I'm grateful that um that was his take.
Speaker 1: Maybe maybe UM, the high regard people hold of him,
Speaker 1: they'll take that under consideration. Well, I think as an innovator,
Speaker 1: he gets it right, so like he's an innovators. He's
Speaker 1: an inventing and he realizes that if an inventor had
Speaker 1: to go to the government to get permission before they
Speaker 1: created something, it would probably never happen. They say, like
Speaker 1: if the Right brothers had to get permission to old
Speaker 1: an airplane, and probably never would have happened. And so
Speaker 1: I think Elon Musk recognizes that if the government puts
Speaker 1: this regulation on top of it, it's only going to
Speaker 1: stifle innovation, which, of course exactly what Christine Legarde was saying,
Speaker 1: they want to stop right. I personally hope that um
Speaker 1: Elon Musk is on the side of freedom. I know
Speaker 1: there's some some debate about that as far as him
Speaker 1: being a polarizing figure. UM, but I think he's with freedom. Yeah. Well,
Speaker 1: we don't have to debate that so much as we
Speaker 1: can say that he's apparently, per his quotes here, he's
Speaker 1: definitely on the side of innovation, and so UM letting
Speaker 1: innovation happen, which I think is important. Um. And speaking
Speaker 1: of innovation, there was another big thing that happened this
Speaker 1: week that I know both you and I got to
Speaker 1: participate in, which was pretty cool, and that is the
Speaker 1: the integration and we're seeing this, and and and I
Speaker 1: don't want to I don't want to understate this. UM
Speaker 1: and again, real quick before I tell you about that. UM,
Speaker 1: you're listening to the Mark mas Show on the Heart
Speaker 1: Radio Network. And I want to talk about, UM, some
Speaker 1: innovation that happened this week with technology integration that is
Speaker 1: going to make a massive, massive impact. Some people are
Speaker 1: saying this could push bitcoin's price above three thousand dollars.
Speaker 1: But it's not even about that. It's paving the way
Speaker 1: for an entire new economy. UM, and we're gonna talk
Speaker 1: about that. I want to talk about the pieces of
Speaker 1: technology that got integrated. UM. Like I said, Jess and
Speaker 1: I both got invited into this program and we've been
Speaker 1: using it. UM, I've been using it today. I want
Speaker 1: to explain that to you. But really I want to
Speaker 1: talk about how cool it is, but more importantly, how
Speaker 1: it changes the economy and most importantly, this incentive structure
Speaker 1: of providing value back and forth. We're gonna talk about
Speaker 1: this opportunity as soon as we get back. So I
Speaker 1: hang on, all right, you are back with the Mark
Speaker 1: Moss Show. This is a brand new show where I
Speaker 1: talk about bitcoin, cryptocurrencies, The decentralized revolution and what I
Speaker 1: am calling the biggest opportunity that you'll ever see in
Speaker 1: your life, will ever see in multiple generations. And the
Speaker 1: best way to take advantage of asymmetric opportunities like this
Speaker 1: is by having a symmetric information. You have to know
Speaker 1: things that the majority of people don't know. You have
Speaker 1: to be an early adopter. And so if you tune
Speaker 1: in with me each end, every week, you're going to
Speaker 1: have that information to participate to take advantage of this.
Speaker 1: So take a second, real quick, why you're listening, Pull
Speaker 1: act your phone. What a calendar reminder for this very
Speaker 1: time on this station? Come back every single week. Also,
Speaker 1: send me a tweet one Mark Moss the number one
Speaker 1: Mark Moss at me asked me a question. I'll make
Speaker 1: sure answer on the show next week. Alright, So we
Speaker 1: are talking about we're switching gears on with my good
Speaker 1: friends Jessica Vaughan and Alex Fetzki, and um, we are
Speaker 1: talking about a new innovation that just happened this week, UM,
Speaker 1: that I think has massive implications for the way the
Speaker 1: world moves forward. And so let me explain that what
Speaker 1: what that is? And so Jessica, Alex myself. We're content creators. Um.
Speaker 1: You can find us all on Twitter at Jessica Vaughan
Speaker 1: on and at ghosts Fetzki that's it, at Ghostski, at
Speaker 1: Jessicavan and of course at one morths you can find
Speaker 1: us there. And what's interesting is this new technology that happening.
Speaker 1: So this week Twitter rolled out some new innovation that
Speaker 1: has um integrated direct bitcoin payments into the Twitter app
Speaker 1: and um what it's done. And I think they've also
Speaker 1: kind of parted up with sub stack and open Node,
Speaker 1: but mainly with Twitter and Strike. They've built an application
Speaker 1: away to put Twitter I'm sorry, put bitcoin payments right
Speaker 1: into Twitter and uh shout out to Jack Mallers, who's
Speaker 1: really leading the chart. And some of this innovation has
Speaker 1: invited me to the beta group, so thank you Jack,
Speaker 1: Um and Jessica. I got that installed today this morning,
Speaker 1: and already leading up to this show, I was starting
Speaker 1: to get tips. People were literally sending me bitcoin and
Speaker 1: I have to say, you know, we learned about these things,
Speaker 1: we talked about them, and we have this viewpoint. But
Speaker 1: to see it, like when we are all down in
Speaker 1: Al Salvador, to see it, it gives you a different perspective,
Speaker 1: and so all of a sudden today I'm getting tips
Speaker 1: from are not honest people, but people that follow me
Speaker 1: on Twitter. Um, thank you for that. And it made
Speaker 1: me just think. It shifted my mindset on this a
Speaker 1: little bit. And so think about this for a second, guys. Um,
Speaker 1: it made me think it's a new way of exchanging value.
Speaker 1: If I can give value to other people, they can
Speaker 1: directly pay me back, um with tips, without having any intermediaries,
Speaker 1: without anybody in the middle, without rent seekers. Now I
Speaker 1: got a lot of dollar tips. That was pretty cool.
Speaker 1: Someone sent me a five cent tip and whatever, five cents,
Speaker 1: that's cool. But there's no way to pay five cents normally.
Speaker 1: And so I just think it's hard for us to
Speaker 1: imagine right now. But the way this is going to
Speaker 1: change content creators and this value exchange. What are your
Speaker 1: thoughts on that? Just well, I just got done while
Speaker 1: you were um, while you were talking, sending you a
Speaker 1: tip because I wanted to make that my first transaction
Speaker 1: because you bring me so much value. Of course, so
Speaker 1: I just set it up this morning, which is super exciting.
Speaker 1: Thank thank you, Jack Malers. Um. So I'm just so
Speaker 1: excited because I just got to pay you in bitcoin
Speaker 1: and use the Lightning network third Strike, and I didn't
Speaker 1: have to part with any bitcoin. And to me that's
Speaker 1: the biggest part. Um, But how exciting is this? Imagine? What? Wait?
Speaker 1: What you just paid me in in bitcoin? No? I
Speaker 1: put I put some US dollars from my bank account
Speaker 1: in there, and I didn't even I didn't even have to.
Speaker 1: So somebody can tip me in bitcoin using this network
Speaker 1: through Twitter and they don't have to have bitcoin. They
Speaker 1: don't They don't have to have any of that, you know,
Speaker 1: because we all want to huddle our bitcoin. Of course
Speaker 1: we're not trying to spend it right now. It's also
Speaker 1: the most world's most beautiful assets, so why would we
Speaker 1: want to spend it? Well, now I don't have to.
Speaker 1: But I get to use in participate in bitcoin, and
Speaker 1: support bitcoin in the network and support you without having
Speaker 1: to part with my bitcoin? How how crazy cool is that?
Speaker 1: And I think this is so amazing also because um,
Speaker 1: when retail stores understand that they can let consumers who
Speaker 1: already have these digital wallets to let the consumers use
Speaker 1: that in their stores and now they don't have to
Speaker 1: pay these fees to Visa and MasterCard. That's a huge
Speaker 1: game changer. How exciting? Yeah, you're the checkout with Twitter.
Speaker 1: You're listening to the Mark Moa show and we're talking
Speaker 1: about this brand new integration with Twitter and Lightning and
Speaker 1: Strike and really the way it changes the relationship of
Speaker 1: content creators and people that that absorb that content. And
Speaker 1: really it's the it's the incentive behind the value structure.
Speaker 1: And so even this morning, I started thinking myself, Shoot,
Speaker 1: how can I provide even more value? Like I literally
Speaker 1: found myself thinking that how can I provide even more
Speaker 1: values so I get more tips? What do you think
Speaker 1: about that? Alex? Look, man, I've had a dream since
Speaker 1: I was young to to start my only fans page
Speaker 1: and now I can do it on Twitter and I
Speaker 1: don't even have to do it, Like I don't even
Speaker 1: have to build a page. It's um seriously, this is
Speaker 1: this is really cool. I What what can I say
Speaker 1: unless I get banned on Twitter again? Um? I think
Speaker 1: this will be a great way to like sort of
Speaker 1: generate some It's like a it's like a side hustle
Speaker 1: for the stuff that a lot of people do already.
Speaker 1: And and and what makes it really interesting is that,
Speaker 1: like for traditional let let me put it this way
Speaker 1: ten fifty years ago, like before the internet really took
Speaker 1: off and blogs and all that sort of stuff. Let's
Speaker 1: say it's actually even been longer now, years ago, Like
Speaker 1: if you want to make money from generating content, you
Speaker 1: like literally had to work for a newspaper, You had
Speaker 1: to write a book, you know, you know, I had
Speaker 1: to work for a radio station or or a TV station. Right,
Speaker 1: you have to be part of like the production apparatus.
Speaker 1: And over the last two decades and a half decades,
Speaker 1: you know that that kind of the opportunities broadened and
Speaker 1: you were able to become like a blogger and things
Speaker 1: like that, and that particularly the last I'd say ten years,
Speaker 1: like blogging became Yeah, you're able to become a content
Speaker 1: creating influencer and use all those sort of things, but
Speaker 1: you're still sort of bound by getting paid from like
Speaker 1: via advertising or shilling something and like um, you know,
Speaker 1: selling somebody else's product, and you know, referrals and affiliate
Speaker 1: systems and stuff like that. There was no direct way
Speaker 1: to monetize content because it's just uneconomical for people to
Speaker 1: pay you small amounts of money. So this thing like
Speaker 1: breaks all of that and and and for me, it's
Speaker 1: like bitcoin is a communication medium, and and I've always
Speaker 1: said this, like on the more philosophical discussions that we have. It's,
Speaker 1: you know, bitcoin is pure perfect money, and money is
Speaker 1: like an energy transmission mechanism, you know, it's it's a
Speaker 1: communication medium. And this kind of takes bitcoins. Sorry, it
Speaker 1: takes Twitter's already broad network and allows us to not
Speaker 1: only use it to transmit uh speech and like abuse
Speaker 1: each other in a hundred and sixty characters, but it
Speaker 1: allows us to actually tip each other, and um, you know,
Speaker 1: like it's it's I think it's a big deal. Man,
Speaker 1: it's a big deal. I think it's even bigger than that, right,
Speaker 1: So I think it's well, yeah, it's it's a it's
Speaker 1: the start of something so much larger, right exactly. And
Speaker 1: that's that's my point, at the start of something so
Speaker 1: much larger. And it's kind of like, you know, in
Speaker 1: my first segment, I was talking about these technological revolutions.
Speaker 1: How when electricity came out, I mean electricity, it was
Speaker 1: like it was like a digital candle, Like, I don't
Speaker 1: need a digital candle. Candles work fine, well we did,
Speaker 1: we didn't just need an electric electric candle, but where
Speaker 1: electricity allows to dave and so the way this fundamentally shifts.
Speaker 1: And we always talk about with bitcoin how it changes
Speaker 1: the incentive structure, and so right, Charlie Munger says, show
Speaker 1: me the incentives, I show you the outcome, and so
Speaker 1: it changes this incentive structure. Um to, Like I said,
Speaker 1: even myself this morning, I found myself thinking, how could
Speaker 1: I provide even more value, which of course I always
Speaker 1: try and do, um, but but I think that's big.
Speaker 1: And then the other thing is a lot of people
Speaker 1: don't know is that. Um. Recently, I think in the
Speaker 1: last month or two, PayPal teamed up with the Anti
Speaker 1: Defamation League, and per the Anti Defamation League, they're going
Speaker 1: to make a list of everybody that they think shouldn't
Speaker 1: be able to get payments, and they will provide that
Speaker 1: PayPal and PayPal is now we're going to censor all
Speaker 1: payments to anybody on this list. And even bigger than that,
Speaker 1: they agree to share this list with all the other
Speaker 1: finance payment companies out there. And so, oh, Alex, you
Speaker 1: talk about this, or wiki leaks, we can't pay this,
Speaker 1: or you talk about this, or your country doesn't allow this,
Speaker 1: and so um, this is peer to peer content creation,
Speaker 1: and I think it's the start of this of incentive shift, uh,
Speaker 1: this pay for content, pay for value, value transfer UM,
Speaker 1: and it's so much bigger. So I want to talk
Speaker 1: about that in just a second, talk about maybe we
Speaker 1: can spend a minute forecasting where that can go. Because
Speaker 1: as I've been saying UM on the Mark wah Show
Speaker 1: on the Heart Radio Network, that having this a symmetric
Speaker 1: information is what allows you to have this a symmetric upside,
Speaker 1: which is, as I've been saying, the biggest opportunity we'll
Speaker 1: ever see. So we'll be back with that in just
Speaker 1: a second. All right, you are back listening to the
Speaker 1: Mark Moa Show. Thanks so much for joining me, where
Speaker 1: I am going to talk about bitcoin, cryptocurrencies, the decentralized
Speaker 1: revolution and literally the biggest opportunity that you will ever
Speaker 1: see in your lifetime, multiple lifetimes and generations. And the
Speaker 1: only way that you can have the full opportunity benefit
Speaker 1: from this is by having information that the majority, what
Speaker 1: I might call the herd, doesn't have yet. And so
Speaker 1: tunting with me each and every week. Set your calendar
Speaker 1: right now, market for this time this channel, and come
Speaker 1: back with me each and every week I'm with my
Speaker 1: good friends Jessica Vaughan at Jessica Vaughan on Twitter and
Speaker 1: Alex Fetzkis at Ghost of Fetzki. Of course I am
Speaker 1: um at one. Mark Moss send us a tweet, ask
Speaker 1: us a question. We'll try to answer it next week
Speaker 1: when we come back. But we were in the middle
Speaker 1: of talking about how I hate to say the biggest
Speaker 1: because man, all these shifts are just so massive and
Speaker 1: it's hard to imagine where they're going. But this week
Speaker 1: we're talking about how Twitter rolled out in conjunction with
Speaker 1: strike um, the ability to send bitcoin two people on
Speaker 1: Twitter and UM, the way that it changes the in centrastructure,
Speaker 1: and so like UM, it's kind of like if we
Speaker 1: were watching this like futuristic. You know, we watched one
Speaker 1: of these movies in the future and they go back
Speaker 1: in time and when they go back in time, they say,
Speaker 1: don't touch anything because if you even touch the smallest thing,
Speaker 1: it could you know, completely change the future. And so
Speaker 1: we understand from that, like this small shift, like what
Speaker 1: could that mean in the future. And so we were
Speaker 1: talking about the ability to you know, change in CenTra
Speaker 1: structure where now we can provide more value get paid
Speaker 1: directly back for the value that we provide from from
Speaker 1: the people who received the value, as opposed to needing
Speaker 1: this third party advertiser in the middle that we may
Speaker 1: or may not agree with UM And even more importantly,
Speaker 1: it allows us, especially in today's day and age, which
Speaker 1: is more and more canceled culture and you know, we
Speaker 1: can't have tolerance for people anymore, and paypals teaming up
Speaker 1: with the Anti Defamation League to block payments to people.
Speaker 1: UM and Bitcoin is sensor ship resistant. I can't be
Speaker 1: censored if I want to send myay someone or someone's
Speaker 1: a sendilay to me, it doesn't matter what PayPal or
Speaker 1: a d L has to say about it. Censorship resistant.
Speaker 1: I know, I actually want to say something about that. Yeah,
Speaker 1: I was gonna so I actually have a thing about
Speaker 1: the sensori of resistance that I want to say. But
Speaker 1: before I say that, I just want to kind of
Speaker 1: put my opinion about paper, like I I hate PayPal
Speaker 1: Voice tated PayPal. I think it's really crap product, because
Speaker 1: I mean, even just let's let's put aside the the
Speaker 1: financial censorship that they have, it's just the really bad
Speaker 1: UM app. Like I remember I was trying to sell
Speaker 1: a speaker while I was in Germany. Um that I
Speaker 1: bought and the dude can aime he um he he,
Speaker 1: I think he no, I paid for the speaker. Sorry,
Speaker 1: I was buying a speaker, That's what I was doing.
Speaker 1: I bought the speaker off this dude on eBay. He came,
Speaker 1: he showed it to me and it was all like
Speaker 1: broken and smashed that. I was like, yeah, well, dude,
Speaker 1: I don't want this because you know I don't want it,
Speaker 1: So like he took it back and then I had
Speaker 1: to like fight PayPal to get a to get a refund,
Speaker 1: but they charged me euros on on my Australian dollar cards,
Speaker 1: so they hit me with a conversion, and then on
Speaker 1: the refund they hit me with a conversion on the back.
Speaker 1: So I like, I paid five hundred euros for the speaker,
Speaker 1: which costs me like seven hundred Australian dollars, and then
Speaker 1: they gave me back four hundred and fifty euros. Took
Speaker 1: me six months to get my money back, and like
Speaker 1: this is like the kind of the dinosaurs that we're
Speaker 1: dealing with me if I may jump in on that,
Speaker 1: Alex though, but um, you know, bitcoin is immutable and
Speaker 1: so um. With bitcoin, you wouldn't have been able to
Speaker 1: get your money back at all. With bitcoin, I would
Speaker 1: have been able to pay him instantly. So with PayPal
Speaker 1: I had to prepay good, but you would have got
Speaker 1: the speaker that was no good, and then you had
Speaker 1: no way to get your money back. No, no, no,
Speaker 1: not so I could have paid him when I saw him.
Speaker 1: The problem with this was like I had to check
Speaker 1: out with eBay, I had to do all that sort
Speaker 1: of stuff, and you know, like and then the conversion
Speaker 1: fees were actually what killed it. So so so so
Speaker 1: that's sort of that piece. But anyway, coming back to
Speaker 1: the censorship resistance, so like so so my thing on
Speaker 1: that is, yes, bitcoin is censorship resistance. Like the risk
Speaker 1: here is sort of like you know, Twitter is not
Speaker 1: censorship resistant as we all know. So it's these two
Speaker 1: coming together combined are really important. But the this is
Speaker 1: kind of to your earlier point. It's Bitcoin's integration into
Speaker 1: communication media is the big idea here. Twitter is like
Speaker 1: a great way to bootstrap it. But as this starts
Speaker 1: to seep into every thing, what's actually going to happen?
Speaker 1: And this is this is actually a piece that I've
Speaker 1: been arguing for such a long time, is all these
Speaker 1: people who run around say we need to build a
Speaker 1: decentralized social media centralize everything. They're wrecked. Now, Like, you
Speaker 1: literally do not need to build a decentralized social media.
Speaker 1: You need to build in decentralized payments into social media
Speaker 1: because then what happens is people go and get monetized
Speaker 1: on social media networks that do the least censoring. Because
Speaker 1: if you censor all your people off, they go somewhere else,
Speaker 1: you actually demonetize yourself and people go somewhere else. So
Speaker 1: at the moment, everything is sort of run by advertisers,
Speaker 1: and you know they can sort of create these world gardens, etcetera, etcetera.
Speaker 1: So so now by bitcoin integrating and all in all
Speaker 1: sorts of communication mediums or media, you end up creating
Speaker 1: incentives for people to add value where they can. Right, So,
Speaker 1: so it actually creates competition in the space and make
Speaker 1: censorship economic suicide. Something you said, they're actually just struck me. Right.
Speaker 1: So it's like, right now, the social media platforms are
Speaker 1: run or really influenced the most by their advertisers. But
Speaker 1: but when the advertisers don't matter anymore because the content
Speaker 1: creators themselves are getting paid. It decentralizes that need and
Speaker 1: now the content creators hold the power. But it's a
Speaker 1: decentralized power instead of having one giant entity doing that.
Speaker 1: What do you think about that, Jess, I am so
Speaker 1: excited for the future. It's a nice dose of hope
Speaker 1: in these days. I really need that. It's cool because
Speaker 1: we're literally witnessing it happening in real time. And if
Speaker 1: you don't, if you don't take the time to think
Speaker 1: about it, discuss it like we're doing, and really just
Speaker 1: I guess, you know, be grateful for it and like
Speaker 1: really see the power that it could have for the future.
Speaker 1: I mean, you don't have the hope, and we all
Speaker 1: need that hope, right, Jess, I guess what you're saying.
Speaker 1: I want to just add one bit of nuance that, dude,
Speaker 1: is um the just just what you said about it
Speaker 1: decentralizes all of this stuff, and the nuance there is
Speaker 1: it's again, it's not one decentralized platform that we need.
Speaker 1: Is we need multiple mediums of communication that compete, which
Speaker 1: creates a broader, global decentralized communication network. So it's not
Speaker 1: just one place. So that's the thing It's like, we
Speaker 1: don't need effectively a decentralized version of Twitter. That's not
Speaker 1: what we need. We need Twitter to compete with substract,
Speaker 1: to compete with Medium, to compete with you know, whatever
Speaker 1: other idea that is out there where you know, the
Speaker 1: advertisers have less bite and where the content, where the
Speaker 1: content creators can monetize themselves directly, like and and that
Speaker 1: that right there is like again, it's incentives and competition.
Speaker 1: That's what equalizes everything. You look at anything in nature,
Speaker 1: competition equalizes everything. So that's that's what it kind of fixes. Yeah,
Speaker 1: on the competition aspect, I can tell you firsthand. I'm
Speaker 1: over here in porter Eco and um this week where
Speaker 1: on my side of the island, the power has been
Speaker 1: in and out all week, um, twelve hours at a time,
Speaker 1: and the poor people, unfortunately, I mean, they don't have
Speaker 1: any money in their their ninety degree heat, no air conditioning,
Speaker 1: their food spoiling, there's no lights, no nothing. I was
Speaker 1: able to leave to the other side of the island
Speaker 1: and get a nice hotel, and I was trying to,
Speaker 1: you know, explain to people like if if there was competition,
Speaker 1: these electricity companies would be you know incentivized to provide
Speaker 1: better service and better prices, and if my power went out,
Speaker 1: I would leave to the competitors, so they make sure
Speaker 1: the power never went out. But when there is no competition,
Speaker 1: they can just do whatever they want and they don't
Speaker 1: they don't have to care what happens. I guess there's
Speaker 1: so much more that we can talk about that, and
Speaker 1: we certainly will. We're gonna come back each and every
Speaker 1: week here on the Markmas Show on the I Heart
Speaker 1: Radio Network and talk about bitcoin, cryptocurrencies, the decentralized revolution,
Speaker 1: and really the big opportunity um the hope that it
Speaker 1: provides for the world, opportunity that has I'm here with
Speaker 1: my good friends Jessica on at us go On on Twitter,
Speaker 1: and Alex Fetzki is at the Ghost of Fetzky on Twitter.
Speaker 1: Of course, I am one Mark Moss on Twitter. Follow
Speaker 1: us all, send us a tweet, tell us you heard
Speaker 1: us on that Heart radio network. We'd love to continue
Speaker 1: this conversation on I have coming up next Alex Gladstein,
Speaker 1: who is gonna be sitting down with me, And the
Speaker 1: reason why I chose Alex Gladstein for the very first
Speaker 1: episode of My Heart Show is because he is leading
Speaker 1: the forefront on humans rights, and I believe that's the
Speaker 1: most important thing. I don't want to set a foundation
Speaker 1: of talking about money. I want to talk about changing
Speaker 1: the world and solving human rights. Somebody back with Alex
Speaker 1: Gladstein in a minute on the Mark Moss Show on
Speaker 1: the Heart Radio network.