1 00:00:00,000 --> 00:00:02,600 Speaker 1: Hello, Welcome to another episode of The Markma Show, where 2 00:00:02,600 --> 00:00:05,320 Speaker 1: we talk about bitcoin, we talk about cryptocurrencies, we talk 3 00:00:05,440 --> 00:00:09,000 Speaker 1: about the decentralized revolution that we're living through that we're 4 00:00:09,000 --> 00:00:12,760 Speaker 1: witnessing right now, and it's apparent from a bunch of 5 00:00:12,800 --> 00:00:16,600 Speaker 1: different standpoints. It's apparent where we can see the centralization 6 00:00:16,680 --> 00:00:21,240 Speaker 1: of governments, the centralization of money, the centralation of healthcare, 7 00:00:21,560 --> 00:00:23,120 Speaker 1: all of that at an all time I and at 8 00:00:23,160 --> 00:00:25,600 Speaker 1: the same time an equal and opposite reaction. It's being 9 00:00:25,640 --> 00:00:29,040 Speaker 1: pushed back, it's being rejected everywhere, and we're seeing how 10 00:00:29,760 --> 00:00:35,280 Speaker 1: centralized finances somewhat under attack from decentralized finance, except for 11 00:00:35,880 --> 00:00:39,960 Speaker 1: it's more like centralized finances actually attacking the decentralized finance 12 00:00:40,080 --> 00:00:42,360 Speaker 1: right now. I've been talking a lot about that UM 13 00:00:42,400 --> 00:00:44,600 Speaker 1: in some previous segments. I'm not gonna go super deep 14 00:00:44,720 --> 00:00:49,240 Speaker 1: into it, but we can see that this supposed decentralized 15 00:00:49,280 --> 00:00:55,040 Speaker 1: finances defied spaces under attack and potentially bringing down not 16 00:00:55,080 --> 00:00:58,120 Speaker 1: just the cryptocurrency space, but a lot of the traditional 17 00:00:58,240 --> 00:01:00,880 Speaker 1: finance space at all. But of course it's a traditional 18 00:01:00,920 --> 00:01:05,000 Speaker 1: finance space that it's attacking it. UM, And there's just 19 00:01:05,040 --> 00:01:08,240 Speaker 1: so much going on here UM because of this, Uh, 20 00:01:08,440 --> 00:01:11,600 Speaker 1: we'll call it a meltdown almost if you will. I mean, 21 00:01:11,640 --> 00:01:14,440 Speaker 1: we see some of these cryptocurrency positions are down fifty 22 00:01:14,520 --> 00:01:18,279 Speaker 1: sixty most of the defied protocols are down over eight percent, 23 00:01:18,760 --> 00:01:21,800 Speaker 1: and then of course the bitcoin miners, UM, the exchanges 24 00:01:21,800 --> 00:01:26,600 Speaker 1: like coin base are getting completely hammered. We saw this week. 25 00:01:26,720 --> 00:01:29,080 Speaker 1: UM lots of earning reports have been coming out from 26 00:01:29,080 --> 00:01:31,559 Speaker 1: all different types of companies and they're not looking good. 27 00:01:31,640 --> 00:01:35,120 Speaker 1: Most companies are losing lots of money, and one of 28 00:01:35,160 --> 00:01:38,640 Speaker 1: them in the cryptocurrency spaces coin Base now coin base 29 00:01:39,440 --> 00:01:41,959 Speaker 1: coin bas is one of the largest exchanges, one of 30 00:01:42,000 --> 00:01:44,440 Speaker 1: the oldest exchanges. They've been helping people get into bitcoin 31 00:01:44,480 --> 00:01:48,240 Speaker 1: since I think about twenty sixteen, maybe earlier. If I'm wrong, 32 00:01:48,320 --> 00:01:50,160 Speaker 1: so apologizes I didn't look that up ahead of time. 33 00:01:50,640 --> 00:01:52,200 Speaker 1: But they've been around a long time and they've helped 34 00:01:52,360 --> 00:01:54,960 Speaker 1: millions and millions and millions of people get into bitcoin. 35 00:01:55,080 --> 00:01:57,640 Speaker 1: Of course, over the years, they started get into all 36 00:01:57,680 --> 00:02:01,520 Speaker 1: the different cryptocurrency assets that are out there, and they're 37 00:02:01,520 --> 00:02:04,600 Speaker 1: not really the biggest friends of bitcoin to say the least, 38 00:02:04,640 --> 00:02:07,200 Speaker 1: which is why I typically like to UM send my 39 00:02:07,200 --> 00:02:11,280 Speaker 1: bitcoin business over to Swan Bitcoin or River or companies 40 00:02:11,320 --> 00:02:14,720 Speaker 1: that are more friendly just specifically to bitcoin. But coin 41 00:02:14,760 --> 00:02:17,800 Speaker 1: Base has moved into this kind of cryptocurrency casino, if 42 00:02:17,840 --> 00:02:21,480 Speaker 1: you will, and they have been hit very, very hard, 43 00:02:21,600 --> 00:02:24,960 Speaker 1: I believe partially because they have a massive amount of 44 00:02:25,000 --> 00:02:28,400 Speaker 1: their money in those cryptocurrencies, as well as as prices 45 00:02:28,400 --> 00:02:30,760 Speaker 1: have been continuing to fall. We basically have been off 46 00:02:30,800 --> 00:02:33,600 Speaker 1: of our high since last November. UM as the market 47 00:02:33,600 --> 00:02:35,800 Speaker 1: has been continuing to fall, people don't want to buy 48 00:02:35,840 --> 00:02:40,040 Speaker 1: as much, and they make their money from transactions from exchanges, 49 00:02:40,080 --> 00:02:41,919 Speaker 1: and if people aren't doing that, they're not making much money. 50 00:02:43,360 --> 00:02:47,799 Speaker 1: We saw we saw that the founder, the CEO s 51 00:02:47,919 --> 00:02:52,840 Speaker 1: net worth has dropped from about almost fourteen billion in 52 00:02:52,919 --> 00:02:55,239 Speaker 1: November of last year down to about two and a 53 00:02:55,360 --> 00:02:59,120 Speaker 1: half billion today two point two billion today, which UM 54 00:02:59,160 --> 00:03:01,560 Speaker 1: two point two billions. Still a lot of money. I'm 55 00:03:01,560 --> 00:03:03,000 Speaker 1: sure each of us would be happy to have that 56 00:03:03,040 --> 00:03:05,280 Speaker 1: amount of money, but you know, you don't understand his 57 00:03:05,280 --> 00:03:08,000 Speaker 1: whole situation, and losing that much could be bad, especially 58 00:03:08,040 --> 00:03:11,480 Speaker 1: if you were levered up against that using debt at all, 59 00:03:11,560 --> 00:03:13,600 Speaker 1: which I don't know if he was. I'm not using 60 00:03:13,600 --> 00:03:17,200 Speaker 1: that speculation, but it seems like the hits on coin 61 00:03:17,280 --> 00:03:21,200 Speaker 1: Base just continue to just continue to mount up on it. Now. 62 00:03:21,280 --> 00:03:24,760 Speaker 1: Coin Base is a publicly traded company. It's called coin 63 00:03:24,919 --> 00:03:29,440 Speaker 1: c O I N. And part of their reports that 64 00:03:29,440 --> 00:03:31,840 Speaker 1: they put out are, you know, obviously on their financials 65 00:03:32,240 --> 00:03:35,520 Speaker 1: um explaining how they lost all their revenues. It wasn't 66 00:03:35,560 --> 00:03:38,000 Speaker 1: too good, but some of the other parts that came 67 00:03:38,040 --> 00:03:40,800 Speaker 1: out in their reports were much more alarming, to say 68 00:03:40,800 --> 00:03:44,920 Speaker 1: the least. Now in bitcoin and probably in greater crypto 69 00:03:45,040 --> 00:03:48,080 Speaker 1: you might hear as well, but we say, um in bitcoin, 70 00:03:48,240 --> 00:03:52,440 Speaker 1: not your keys, not your coins. So what does that mean? Well, 71 00:03:53,280 --> 00:03:56,760 Speaker 1: if you don't have your keys, then somebody else does. 72 00:03:57,720 --> 00:04:00,320 Speaker 1: And I mean somebody else has the keys? Who your 73 00:04:00,320 --> 00:04:02,320 Speaker 1: own coins? Which means if you don't have the keys, 74 00:04:02,440 --> 00:04:04,200 Speaker 1: you don't really have the coins. Whoever has the keys 75 00:04:04,240 --> 00:04:09,120 Speaker 1: does um. And this is uh the information that came 76 00:04:09,160 --> 00:04:13,200 Speaker 1: out on coin base in regards to that specifically, it's 77 00:04:13,240 --> 00:04:16,040 Speaker 1: pretty bad, it's pretty scary. It's been making big ripples 78 00:04:16,080 --> 00:04:18,600 Speaker 1: around the cryptocurrency space, and I want to bring it 79 00:04:18,640 --> 00:04:20,479 Speaker 1: to you because it is dangerous and you need to 80 00:04:20,480 --> 00:04:23,000 Speaker 1: know about it now to kind of frame this up. 81 00:04:23,040 --> 00:04:24,320 Speaker 1: If you don't know what I'm talking about, what the 82 00:04:24,360 --> 00:04:26,520 Speaker 1: heck are keys I'm gonna give you a super high 83 00:04:26,600 --> 00:04:29,000 Speaker 1: level view. Okay, Um, I'm not gonna spend a lot 84 00:04:29,000 --> 00:04:31,159 Speaker 1: of time. There's a lot of channels and podcasts and 85 00:04:31,200 --> 00:04:33,320 Speaker 1: shows that go in more depth into this. But let's 86 00:04:33,320 --> 00:04:36,240 Speaker 1: think about it like this. The oldest problem that mankind 87 00:04:36,279 --> 00:04:39,120 Speaker 1: has had is how do I secure my property in 88 00:04:39,120 --> 00:04:41,560 Speaker 1: a way that can't be stolen. That's the oldest problem 89 00:04:41,560 --> 00:04:43,160 Speaker 1: that I know of. I guess where do I get food? 90 00:04:43,240 --> 00:04:46,320 Speaker 1: That's probably an older problem, But one of the oldest 91 00:04:46,320 --> 00:04:47,960 Speaker 1: problem that my kind has ad is how do I 92 00:04:48,040 --> 00:04:50,279 Speaker 1: keep my food that I've stored up from being stolen? 93 00:04:50,440 --> 00:04:53,479 Speaker 1: How do I protect my property from being stolen? And so, 94 00:04:53,520 --> 00:04:55,760 Speaker 1: of course we we band together. You know, a couple 95 00:04:55,760 --> 00:04:57,720 Speaker 1: of guys get together. We make a village, we make 96 00:04:57,760 --> 00:05:00,240 Speaker 1: a kingdom, we make a country. The role of United 97 00:05:00,240 --> 00:05:02,719 Speaker 1: States is to protect the private property of its citizens. 98 00:05:02,760 --> 00:05:05,479 Speaker 1: That's always the role. And so money has been the 99 00:05:05,520 --> 00:05:08,480 Speaker 1: best store I'm sorry, gold has been the best storehold 100 00:05:08,520 --> 00:05:10,919 Speaker 1: of wealth for thousands of thousands of years. And so 101 00:05:10,960 --> 00:05:14,120 Speaker 1: we'd store our wealth in gold a little bit. We 102 00:05:14,160 --> 00:05:16,080 Speaker 1: could bury it in that hide and the house, we 103 00:05:16,080 --> 00:05:18,400 Speaker 1: could bury it in the in the yard, make a 104 00:05:18,480 --> 00:05:20,560 Speaker 1: make a make a treasure map out to where we 105 00:05:20,720 --> 00:05:22,880 Speaker 1: stash that gold. If we had a lot of gold, 106 00:05:22,880 --> 00:05:25,640 Speaker 1: we might want to build a vault, um, build walls 107 00:05:25,640 --> 00:05:28,800 Speaker 1: around it, higher security things like that. I've just spent 108 00:05:28,839 --> 00:05:31,799 Speaker 1: a lot of time, effort, energy and money to secure 109 00:05:31,839 --> 00:05:34,360 Speaker 1: that wealth, and then how would I move it? Right? 110 00:05:34,400 --> 00:05:36,960 Speaker 1: It's very difficult. So that's one of the oldest problems 111 00:05:36,960 --> 00:05:39,800 Speaker 1: that mankind has had, protecting my private property. Will bitcoins 112 00:05:39,839 --> 00:05:44,400 Speaker 1: solve that problem? Now? How big will bitcoin be in 113 00:05:44,440 --> 00:05:47,640 Speaker 1: the future, I don't know, But when you solve the 114 00:05:47,680 --> 00:05:51,680 Speaker 1: oldest problem that mankind has had, it's pretty massive. It's 115 00:05:51,680 --> 00:05:54,040 Speaker 1: a pretty big deal. I don't know all the ways 116 00:05:54,080 --> 00:05:55,679 Speaker 1: it's gonna affect things. I have a lot of ideas 117 00:05:55,680 --> 00:05:58,640 Speaker 1: about that I talked about pretty regularly. But how does 118 00:05:58,680 --> 00:06:01,760 Speaker 1: it do that? Well, it's or it protects it cryptographically 119 00:06:01,839 --> 00:06:04,520 Speaker 1: using cryptography. It protects it and as long as I 120 00:06:04,560 --> 00:06:08,280 Speaker 1: have my cryptographic key that allows me to transact with it, 121 00:06:08,480 --> 00:06:10,719 Speaker 1: then I can do what I want. Think about bitcoin 122 00:06:10,800 --> 00:06:13,359 Speaker 1: as like this digital locker system. So you have a 123 00:06:13,360 --> 00:06:15,520 Speaker 1: locker at the high school or the train station, airport, 124 00:06:16,360 --> 00:06:18,200 Speaker 1: and in that locker you have a public address my 125 00:06:18,240 --> 00:06:21,160 Speaker 1: locker c. Nineteen Hey, would you go put this envelope 126 00:06:21,160 --> 00:06:24,440 Speaker 1: in my locker C. Nineteen That would be my public address. Well, 127 00:06:24,440 --> 00:06:27,919 Speaker 1: then I also have a key, my private key, that 128 00:06:28,000 --> 00:06:30,400 Speaker 1: allows me to get in that locker and move the contents. 129 00:06:30,640 --> 00:06:33,320 Speaker 1: So what you have with bitcoin or cryptocurrency is you 130 00:06:33,320 --> 00:06:36,920 Speaker 1: have a public address and a private key, and having 131 00:06:37,000 --> 00:06:39,799 Speaker 1: my private key allows me to have access to move 132 00:06:39,920 --> 00:06:43,240 Speaker 1: those coins as I see fit. You never actually download them, 133 00:06:43,240 --> 00:06:44,680 Speaker 1: they're living up there in the cloud. You just have 134 00:06:44,680 --> 00:06:47,400 Speaker 1: that cryptographic key. Now, if you use a wallet on 135 00:06:47,440 --> 00:06:50,680 Speaker 1: your phone, like an app wallet or hardware wallet, what 136 00:06:50,760 --> 00:06:53,760 Speaker 1: those do is they store that key, and so by 137 00:06:54,040 --> 00:06:56,960 Speaker 1: using my app it uses my key to to do 138 00:06:56,960 --> 00:06:58,640 Speaker 1: the transaction. Or if I use a hard wall and 139 00:06:58,680 --> 00:07:00,479 Speaker 1: I can plug it into my computer to sign that 140 00:07:00,560 --> 00:07:04,400 Speaker 1: transaction and then I can do whatever transfer I want 141 00:07:04,440 --> 00:07:07,760 Speaker 1: from there. The problem is if I use someone like 142 00:07:07,839 --> 00:07:11,440 Speaker 1: coin base, my coins are on coin Base, and what 143 00:07:11,520 --> 00:07:14,240 Speaker 1: that means is they have my keys, and so we 144 00:07:14,320 --> 00:07:15,640 Speaker 1: say not your key is not your coin. If I 145 00:07:15,720 --> 00:07:18,680 Speaker 1: don't have my key, somebody else has it. Now the 146 00:07:18,720 --> 00:07:21,800 Speaker 1: problem is, well, there's there's there's pros and cons. So 147 00:07:21,880 --> 00:07:25,120 Speaker 1: if I have my own, then um, the securities on me. 148 00:07:25,200 --> 00:07:27,000 Speaker 1: If someone hacks my phone or I lose my key, 149 00:07:27,000 --> 00:07:29,600 Speaker 1: that's on me. But if coin base does it, they 150 00:07:29,640 --> 00:07:32,360 Speaker 1: can protect my key. But what if they decide not 151 00:07:32,480 --> 00:07:34,240 Speaker 1: to give it back to me. What if the government 152 00:07:34,280 --> 00:07:38,360 Speaker 1: says freeze that account? What if something like that happens. Well, um, 153 00:07:37,960 --> 00:07:40,520 Speaker 1: if news came out disclosure came out today that it 154 00:07:40,600 --> 00:07:43,520 Speaker 1: says uh in their disclosure says quote in the event 155 00:07:43,560 --> 00:07:48,800 Speaker 1: of a bankruptcy customers. Um. Moreover, because custodio held cryptastics 156 00:07:48,840 --> 00:07:51,640 Speaker 1: may be considered to be the property of a bankruptcy estate. 157 00:07:51,680 --> 00:07:54,120 Speaker 1: In the event of a bankruptcy, the cryptiastics we hold 158 00:07:54,160 --> 00:07:57,760 Speaker 1: in custody on behalf of our customers could be subject 159 00:07:58,040 --> 00:08:01,880 Speaker 1: to bankruptcy proceedings, and such customers could be treated as 160 00:08:01,880 --> 00:08:06,200 Speaker 1: our general unsecured creditors. So what that means is that 161 00:08:06,280 --> 00:08:09,080 Speaker 1: if they were to go through some sort of a 162 00:08:09,120 --> 00:08:12,840 Speaker 1: bankruptcy type proceeding, then your assets that you think are 163 00:08:12,880 --> 00:08:16,640 Speaker 1: your assets aren't actually yours. The assets that you think 164 00:08:16,800 --> 00:08:20,960 Speaker 1: are yours are there's they owe them to you. But 165 00:08:21,040 --> 00:08:23,840 Speaker 1: in a bankruptcy proceeding they would be included in their 166 00:08:23,960 --> 00:08:27,600 Speaker 1: sale and what you would get would be nothing. So 167 00:08:27,880 --> 00:08:30,440 Speaker 1: if the government says, hey, freeze those assets. Hey, they 168 00:08:30,560 --> 00:08:33,600 Speaker 1: don't allow them to withdraw anymore. Um, something like that 169 00:08:33,640 --> 00:08:37,079 Speaker 1: would happen, or they'd get into financial problems like not 170 00:08:37,160 --> 00:08:41,079 Speaker 1: having any revenue, being down something like that, and they 171 00:08:41,080 --> 00:08:44,839 Speaker 1: were forced into a bankruptcy. They could potentially take your assets. 172 00:08:44,920 --> 00:08:46,839 Speaker 1: So as we say, not your keys, not your coin. 173 00:08:46,960 --> 00:08:51,000 Speaker 1: Get your bitcoin off the exchange right now. UM. You 174 00:08:51,000 --> 00:08:53,120 Speaker 1: can use a hardware wallet. I'd like to use treads 175 00:08:53,240 --> 00:08:55,680 Speaker 1: or it's probably the easiest one. Cold card is probably 176 00:08:55,679 --> 00:08:57,920 Speaker 1: the most secure one. You can use one of those, 177 00:08:58,120 --> 00:09:01,040 Speaker 1: or you could use a UM constant years multi sticks 178 00:09:01,080 --> 00:09:03,640 Speaker 1: set up like I used with unchained capital. That's what 179 00:09:03,679 --> 00:09:06,800 Speaker 1: I'd recommend. But whatever you do, get your bitcoin off 180 00:09:06,840 --> 00:09:10,800 Speaker 1: the exchanges. We've just found out that per coin bases 181 00:09:11,120 --> 00:09:14,559 Speaker 1: own UM statement. In the evident of bankruptcy, you could 182 00:09:14,600 --> 00:09:17,120 Speaker 1: lose all your bitcoin. You're listening to the Markmas Show. 183 00:09:17,240 --> 00:09:20,600 Speaker 1: We're talking about bitcoin, cryptocurrencies and the decentralized revolution, trying 184 00:09:20,600 --> 00:09:23,320 Speaker 1: to help you navigate this world that we're going through 185 00:09:23,400 --> 00:09:26,160 Speaker 1: right now. I have a lot more news about the world, 186 00:09:26,280 --> 00:09:28,280 Speaker 1: the financial system and the risk that we are facing 187 00:09:28,400 --> 00:09:30,680 Speaker 1: right now. So don't go away. I'll be right back, 188 00:09:31,160 --> 00:09:33,200 Speaker 1: all right, welcome back. You are listening to another episode 189 00:09:33,200 --> 00:09:35,120 Speaker 1: of the Markmas Show. We're talking about bitcoin, we're talking 190 00:09:35,160 --> 00:09:38,240 Speaker 1: about cryptocurrencies. We're talking about the decentralized revolution, and we 191 00:09:38,320 --> 00:09:41,280 Speaker 1: focus on the changes that it's making too the world. 192 00:09:41,280 --> 00:09:43,160 Speaker 1: So you can navigate this correctly and really like to 193 00:09:43,200 --> 00:09:45,760 Speaker 1: look at um you know these three cycles that I 194 00:09:45,800 --> 00:09:50,160 Speaker 1: talked about all the time, and it's the intersection of politics, finance, 195 00:09:50,480 --> 00:09:54,839 Speaker 1: and technology. The converging of those three things is really 196 00:09:54,880 --> 00:09:56,920 Speaker 1: where the change is happening. So I let's look at 197 00:09:56,960 --> 00:09:59,760 Speaker 1: like politics as relates to finance, and finances relates to politics, 198 00:09:59,760 --> 00:10:01,480 Speaker 1: and off course we look at technology, which of course 199 00:10:01,679 --> 00:10:05,920 Speaker 1: to me is bitcoin and cryptocurrencies. And so um man, 200 00:10:06,880 --> 00:10:09,600 Speaker 1: there's some stuff going on today. Um we we saw 201 00:10:09,760 --> 00:10:13,359 Speaker 1: this week the government put out its new numbers on inflation. 202 00:10:13,720 --> 00:10:15,800 Speaker 1: It's trying to get a handle on inflation as fast 203 00:10:15,840 --> 00:10:17,760 Speaker 1: as they can. That means the way they call it 204 00:10:17,840 --> 00:10:20,160 Speaker 1: is they're trying to get a handled on prices going up. 205 00:10:20,360 --> 00:10:22,440 Speaker 1: The cost of goods and services is going up so 206 00:10:22,480 --> 00:10:25,839 Speaker 1: fast that it's causing a real problem for people. And 207 00:10:25,960 --> 00:10:28,679 Speaker 1: uh hooray they got it to slow down a little bit. 208 00:10:28,720 --> 00:10:31,240 Speaker 1: We went from an eight percent increase of inflation or 209 00:10:31,360 --> 00:10:34,760 Speaker 1: CPI or price inflation to eight point five and now 210 00:10:34,760 --> 00:10:37,800 Speaker 1: back down to eight point three. Doesn't mean prices are reversing. 211 00:10:38,080 --> 00:10:40,520 Speaker 1: What it means is that things are just going up 212 00:10:41,400 --> 00:10:44,160 Speaker 1: a tad bit slower than they were before. Now what 213 00:10:44,360 --> 00:10:46,640 Speaker 1: is the government? What is it, you know, as central bank, 214 00:10:46,679 --> 00:10:49,160 Speaker 1: the Federal Reserve doing to try to slow down this 215 00:10:49,240 --> 00:10:53,480 Speaker 1: price appreciation while they're trying to slow down the financial markets. 216 00:10:53,800 --> 00:10:57,360 Speaker 1: So the Federal Reserve has been stimulating the financial markets 217 00:10:57,400 --> 00:11:01,200 Speaker 1: by doing two things. One by by bonds, by buying 218 00:11:01,240 --> 00:11:04,360 Speaker 1: mortgage by securities, so propping up the debt markets. And 219 00:11:04,520 --> 00:11:08,839 Speaker 1: two by lowering interest rates so people continue to borrow 220 00:11:08,840 --> 00:11:11,240 Speaker 1: more and spend more money or creates more money into 221 00:11:11,280 --> 00:11:14,360 Speaker 1: existence through that debt. Now, what they're trying to do 222 00:11:14,480 --> 00:11:16,880 Speaker 1: is they're trying to raise the interest rates because as 223 00:11:16,960 --> 00:11:20,880 Speaker 1: they raise the interest rates, less money is created. Right Well, 224 00:11:20,880 --> 00:11:24,200 Speaker 1: that's what they're telling you. And so your financial portfolios, 225 00:11:24,200 --> 00:11:28,640 Speaker 1: your retirement accounts are melting down right now because the 226 00:11:28,640 --> 00:11:31,880 Speaker 1: government is trying to suck some of the stimulus out 227 00:11:32,040 --> 00:11:34,720 Speaker 1: that they put in. I mean, this is just absurd. 228 00:11:34,920 --> 00:11:38,280 Speaker 1: So they pump a bunch of money in by lowering rates, 229 00:11:38,280 --> 00:11:40,120 Speaker 1: so people take on a bunch of debt and literally 230 00:11:40,280 --> 00:11:43,280 Speaker 1: pumping money in the markets by buying debt, and then 231 00:11:43,640 --> 00:11:46,360 Speaker 1: it starts going too hot, so they suck it back out, 232 00:11:46,800 --> 00:11:51,319 Speaker 1: so they cause boom bust, boom bust. They lower rates 233 00:11:51,320 --> 00:11:54,360 Speaker 1: and buy the debt, push it up, and they raise rates, 234 00:11:54,400 --> 00:11:56,040 Speaker 1: and they suck the debt back out and they trying 235 00:11:56,040 --> 00:11:58,120 Speaker 1: to drop it back down. The problem is these boom 236 00:11:58,120 --> 00:12:01,120 Speaker 1: and bust cycles keep getting bigger and bigger and bigger, 237 00:12:01,600 --> 00:12:05,240 Speaker 1: and now they're causing the entire markets to melt down. 238 00:12:05,559 --> 00:12:10,240 Speaker 1: You're watching your retirement accounts dwindle away. You're watching, um, 239 00:12:10,280 --> 00:12:14,800 Speaker 1: everything including your DeFi protocol is dropping. We're watching most 240 00:12:14,800 --> 00:12:20,960 Speaker 1: cryptocurrencies down, even bitcoins down in the last week. UM. 241 00:12:21,000 --> 00:12:23,800 Speaker 1: All those numbers were in the last week. And just 242 00:12:23,920 --> 00:12:27,680 Speaker 1: when we think that it couldn't get worse, UM, when 243 00:12:27,760 --> 00:12:31,720 Speaker 1: the government seemingly doesn't have any money or doesn't want 244 00:12:31,720 --> 00:12:34,680 Speaker 1: to continue to push inflation by creating more money, UM, 245 00:12:34,880 --> 00:12:36,800 Speaker 1: we can't deal with the problems that we even have 246 00:12:36,840 --> 00:12:39,080 Speaker 1: in the United States, and so now we have all 247 00:12:39,120 --> 00:12:44,040 Speaker 1: types of shortage things like that. We have the FEDS 248 00:12:44,240 --> 00:12:46,520 Speaker 1: trying to do or the government trying to send forty 249 00:12:46,679 --> 00:12:51,200 Speaker 1: billion dollars to Ukraine. What the heck does that mean? 250 00:12:52,000 --> 00:12:54,400 Speaker 1: Pretty interesting story that I was reading here this week 251 00:12:54,840 --> 00:12:59,559 Speaker 1: talking about how Congress refuses to address our own crisiss 252 00:12:59,559 --> 00:13:02,679 Speaker 1: we have in the States. Um, but yet we want 253 00:13:02,679 --> 00:13:04,920 Speaker 1: to send more money to Ukraine. As a matter of fact, Um, 254 00:13:05,040 --> 00:13:07,400 Speaker 1: they had only asked for the President Joe Biden only 255 00:13:07,400 --> 00:13:10,320 Speaker 1: asked for thirty three billion. Now when I say, only 256 00:13:11,160 --> 00:13:14,440 Speaker 1: to put that into perspective, we throw around billions and 257 00:13:14,480 --> 00:13:17,760 Speaker 1: trillions like it's nothing anymore. It's insane. We lose sight 258 00:13:17,800 --> 00:13:20,320 Speaker 1: of how big that is. If we put those numbers 259 00:13:20,320 --> 00:13:28,120 Speaker 1: into seconds. A million seconds was eleven days ago, a 260 00:13:28,320 --> 00:13:32,559 Speaker 1: billion seconds it was thirty one years ago, so from 261 00:13:32,559 --> 00:13:36,080 Speaker 1: eleven days to thirty one years and seconds. But a 262 00:13:36,200 --> 00:13:41,840 Speaker 1: trillion seconds is thirty one thousand years. So a billion 263 00:13:41,920 --> 00:13:46,440 Speaker 1: is thirty one years, a trillions thirty one thousand years. 264 00:13:47,040 --> 00:13:50,160 Speaker 1: So to put that into perspective, they had only asked president, 265 00:13:50,200 --> 00:13:53,280 Speaker 1: but only asked for thirty three million. But that wasn't enough. 266 00:13:53,960 --> 00:13:56,640 Speaker 1: The U. S. House of Representatives said no, let's actually 267 00:13:56,720 --> 00:14:00,800 Speaker 1: give them more. Let's give them forty billion in US 268 00:14:00,880 --> 00:14:05,160 Speaker 1: taxpayer dollars to Ukraine. Because you know taxpayers, us taxpayers, 269 00:14:05,320 --> 00:14:08,080 Speaker 1: they're having a great time. I mean, shoot, your cost 270 00:14:08,120 --> 00:14:11,120 Speaker 1: of living is going down, right, No, your cost of 271 00:14:11,160 --> 00:14:14,280 Speaker 1: living is going up. So why not just raise taxes 272 00:14:14,320 --> 00:14:16,400 Speaker 1: to the by administration? Of course, raised taxes and let's 273 00:14:16,400 --> 00:14:18,640 Speaker 1: just send that money to Ukraine. Sounds like a pretty 274 00:14:18,640 --> 00:14:20,760 Speaker 1: good deal now, never mind the problems that we have 275 00:14:20,840 --> 00:14:25,760 Speaker 1: here at home, Like the Department of Homeland Security admitted 276 00:14:25,760 --> 00:14:30,960 Speaker 1: that they've let almost one million illegal aliens in through 277 00:14:31,000 --> 00:14:35,920 Speaker 1: the southern border this year. Now, when, uh, when we 278 00:14:35,960 --> 00:14:38,840 Speaker 1: tried to get four billion dollars to build the wall 279 00:14:38,960 --> 00:14:42,920 Speaker 1: up down there to protect this invasion of a million 280 00:14:43,160 --> 00:14:46,560 Speaker 1: people coming in the southern border, we couldn't find four 281 00:14:46,560 --> 00:14:49,160 Speaker 1: billion dollars in the budget. But now we can find 282 00:14:49,320 --> 00:14:53,400 Speaker 1: forty billion dollars to go help another country with their border. 283 00:14:53,440 --> 00:14:59,400 Speaker 1: Pretty interesting. Um, never mind record inflation, never mind federal deficits, um, 284 00:14:59,480 --> 00:15:02,280 Speaker 1: never minded the AVAPT. Now this bill was quickly sent 285 00:15:02,360 --> 00:15:04,560 Speaker 1: over there. Um. I'm not blaming it on one party 286 00:15:04,640 --> 00:15:07,960 Speaker 1: or the or the other. It seems to be, um, 287 00:15:08,120 --> 00:15:10,360 Speaker 1: a unanimous decision to send all this money over there. 288 00:15:10,840 --> 00:15:13,520 Speaker 1: Question I like to have is like where does that 289 00:15:13,640 --> 00:15:17,040 Speaker 1: money go? Pretty interesting? And that's what I want to 290 00:15:17,080 --> 00:15:19,000 Speaker 1: want to talk about for a minute, where does that 291 00:15:19,040 --> 00:15:23,120 Speaker 1: money go? Forty billion dollars sounds pretty good. UM, So 292 00:15:23,160 --> 00:15:30,040 Speaker 1: it's hr the Ukraine Emergency Supplemental Appropriations Act. Forty billion dollars. 293 00:15:30,080 --> 00:15:34,960 Speaker 1: How much of that goes into Zelensky's pocket? Now, Zelenski, Uh, 294 00:15:35,000 --> 00:15:37,960 Speaker 1: you may or may not be aware. First of all, Um, 295 00:15:38,000 --> 00:15:40,280 Speaker 1: I'm not pro putin, I'm not pro war, I'm not 296 00:15:40,320 --> 00:15:44,280 Speaker 1: pro death. I like peace. But Ukraine is not a 297 00:15:44,320 --> 00:15:47,480 Speaker 1: peaceful democracy either. They were ranked ninety on a scale 298 00:15:47,480 --> 00:15:51,320 Speaker 1: of uh in um in a rating of how corrupt 299 00:15:51,360 --> 00:15:54,320 Speaker 1: they are. UM. Zelensky was an actor who came to 300 00:15:54,400 --> 00:15:59,160 Speaker 1: power by putting his democratically elected people in prison and 301 00:15:59,320 --> 00:16:01,880 Speaker 1: taking over power our Um. So, just just so you 302 00:16:01,920 --> 00:16:03,440 Speaker 1: know that, and so we want to give them all 303 00:16:03,440 --> 00:16:05,240 Speaker 1: this money. Let's take a look at where this goes. 304 00:16:05,280 --> 00:16:10,600 Speaker 1: So we have, UM, let's see, we have sixty seventeen 305 00:16:10,640 --> 00:16:15,480 Speaker 1: billion for Department of Defense Operation and maintenance, one million 306 00:16:15,560 --> 00:16:20,880 Speaker 1: for army missiles. We have another another billion, another million 307 00:16:20,920 --> 00:16:24,680 Speaker 1: for defense working capital funds, fourteen million for defense health programs, 308 00:16:25,560 --> 00:16:29,040 Speaker 1: fifty four million for c d C activities. Uh. I 309 00:16:29,080 --> 00:16:30,760 Speaker 1: want to make sure nobody gets COVID over there. I 310 00:16:30,760 --> 00:16:35,560 Speaker 1: suppose we have a billion for administration. That sounds pretty good, 311 00:16:36,240 --> 00:16:40,680 Speaker 1: UM ten million for Department of State Capital Investment funds. 312 00:16:40,760 --> 00:16:43,040 Speaker 1: I guess we need to invest into that. I mean, 313 00:16:43,120 --> 00:16:47,680 Speaker 1: it's just insane. We have forty billion dollars that's going 314 00:16:47,720 --> 00:16:50,920 Speaker 1: into this giant black hall to all their friends. And 315 00:16:50,960 --> 00:16:54,600 Speaker 1: so just remember that when they talk about UM they 316 00:16:54,600 --> 00:16:57,440 Speaker 1: need to destroy the markets to prevent prices from going up, 317 00:16:57,480 --> 00:16:59,480 Speaker 1: and then they just want to send a billion dollars 318 00:16:59,480 --> 00:17:02,120 Speaker 1: over there to U crane UM. Learn to read between 319 00:17:02,160 --> 00:17:04,760 Speaker 1: the lines. And of course I would recommend uh, if 320 00:17:04,800 --> 00:17:07,199 Speaker 1: you're not happy with that, If you object with your 321 00:17:07,240 --> 00:17:10,120 Speaker 1: taxpayer dollars going into that like I do, UH, maybe 322 00:17:10,119 --> 00:17:12,800 Speaker 1: you should do something about it. You could talk about it. 323 00:17:13,040 --> 00:17:15,920 Speaker 1: You could write your local congressmend your representatives, and let 324 00:17:15,960 --> 00:17:18,199 Speaker 1: them know how you feel about that. This is not 325 00:17:18,280 --> 00:17:21,399 Speaker 1: a right or left position, in my opinion, this is 326 00:17:21,440 --> 00:17:24,320 Speaker 1: an American taxpayer position. I want to know where the 327 00:17:24,400 --> 00:17:26,840 Speaker 1: heck does my forty billion dollars go? And I can 328 00:17:26,840 --> 00:17:29,720 Speaker 1: tell you that I object to where that money is going. 329 00:17:30,080 --> 00:17:31,880 Speaker 1: So I thought you would just like to see where 330 00:17:31,920 --> 00:17:36,159 Speaker 1: some of that crazy amount went. UM for additional funds 331 00:17:36,160 --> 00:17:39,680 Speaker 1: for munitionance procurement. I mean, I could just go on 332 00:17:39,720 --> 00:17:42,560 Speaker 1: and on and on air four billion for foreign military 333 00:17:42,560 --> 00:17:45,840 Speaker 1: financing programs. UM. Anyway, you listen to the Markmas Show. 334 00:17:45,880 --> 00:17:49,160 Speaker 1: We're talking about UM, this decentralized revolution. This is part 335 00:17:49,160 --> 00:17:52,119 Speaker 1: of the world breaking apart um, the the centralization of 336 00:17:52,119 --> 00:17:54,399 Speaker 1: the world breaking apart of course, the United States is 337 00:17:54,520 --> 00:17:56,040 Speaker 1: taking money that we should be using our own country 338 00:17:56,040 --> 00:17:59,399 Speaker 1: and given to other countries to further break this down. 339 00:17:59,520 --> 00:18:02,639 Speaker 1: It's pretty and interesting to watch. UM you listen to 340 00:18:02,720 --> 00:18:04,800 Speaker 1: the Markmas Show. I have a lot more to cover, 341 00:18:05,080 --> 00:18:07,400 Speaker 1: so do not go away, all right, welcome back here, 342 00:18:07,400 --> 00:18:10,000 Speaker 1: listening to the Mark ma Show. We're talking about bitcoin. 343 00:18:10,040 --> 00:18:13,800 Speaker 1: We're talking about the decentralized revolution. We're talking about UM, 344 00:18:13,880 --> 00:18:17,320 Speaker 1: the intersection of politics, finance and technology, trying to navigate 345 00:18:17,400 --> 00:18:21,119 Speaker 1: this crazy world and make sense of it both financially. 346 00:18:21,240 --> 00:18:23,240 Speaker 1: And what I like to I like to focus on 347 00:18:23,400 --> 00:18:27,080 Speaker 1: is UM what I call financial sovereignty. And so really 348 00:18:27,119 --> 00:18:31,199 Speaker 1: it's about money and it's about sovereignty UM, which you 349 00:18:31,200 --> 00:18:34,920 Speaker 1: can call freedom. I call sovereignty being able to direct 350 00:18:35,000 --> 00:18:36,560 Speaker 1: my life as I see fit. And so we use 351 00:18:36,680 --> 00:18:39,520 Speaker 1: money to give us that freedom. And so I like 352 00:18:39,600 --> 00:18:42,440 Speaker 1: to look at things holistically so I can learn to 353 00:18:42,520 --> 00:18:45,919 Speaker 1: navigate this, protect myself my family from it. Some of 354 00:18:45,920 --> 00:18:49,360 Speaker 1: the things that's been interesting, UM paying attention to UM. 355 00:18:49,400 --> 00:18:51,200 Speaker 1: That's really been catching my eye all lately, and I've 356 00:18:51,200 --> 00:18:54,439 Speaker 1: talked about quite a bit, is UM the way the 357 00:18:54,640 --> 00:18:58,080 Speaker 1: entire world has been shaken up by Elon Musk's and 358 00:18:58,200 --> 00:19:01,359 Speaker 1: his bid or his plan and to take over Twitter. 359 00:19:01,760 --> 00:19:05,800 Speaker 1: Now it's interesting because as Twitter moved to censor and 360 00:19:05,840 --> 00:19:10,760 Speaker 1: delete accounts, banned people, d platform people left and right. UM. 361 00:19:10,840 --> 00:19:14,359 Speaker 1: When it was along with one political ideology, it was 362 00:19:14,400 --> 00:19:17,720 Speaker 1: perfectly fine. However, when somebody else comes on and says 363 00:19:17,760 --> 00:19:20,439 Speaker 1: they want to open it up UM for more free speech, 364 00:19:20,480 --> 00:19:23,400 Speaker 1: meaning that they want to take a much less aggressive 365 00:19:23,480 --> 00:19:28,920 Speaker 1: stance on UM stopping what people say and even permanently 366 00:19:28,920 --> 00:19:32,200 Speaker 1: banning people, that becomes a big problem. Now I look 367 00:19:32,240 --> 00:19:34,760 Speaker 1: at this two ways. So Elon must says he wants 368 00:19:34,760 --> 00:19:37,040 Speaker 1: to buy Twitter so he could open it up to 369 00:19:37,119 --> 00:19:41,320 Speaker 1: more free speech. Okay, that's pretty good in my opinion. 370 00:19:41,440 --> 00:19:43,879 Speaker 1: I believe in free speech. I believe in free speech 371 00:19:43,920 --> 00:19:47,000 Speaker 1: because I believe that the truth is found through speech. 372 00:19:47,280 --> 00:19:50,439 Speaker 1: The truth is found through discussion. I might think I 373 00:19:50,480 --> 00:19:52,720 Speaker 1: have an idea. You might think you have an idea. 374 00:19:53,040 --> 00:19:56,439 Speaker 1: We should openly discuss that idea. We should debate that idea. 375 00:19:56,680 --> 00:19:59,159 Speaker 1: We should probably bring other people in on the discussion, 376 00:19:59,400 --> 00:20:03,200 Speaker 1: and through that discussion, going back with ideas, we learned 377 00:20:03,240 --> 00:20:06,040 Speaker 1: from each other, and eventually we find this understanding, we 378 00:20:06,119 --> 00:20:10,280 Speaker 1: find what the truth is. That's why free speech is 379 00:20:10,320 --> 00:20:14,479 Speaker 1: so important. Free speech is is important for sharing those ideas, 380 00:20:14,480 --> 00:20:17,199 Speaker 1: which then leads to progress, which then leads to more creativity, 381 00:20:17,440 --> 00:20:20,360 Speaker 1: which the leads to more ingenuity and inventions and products 382 00:20:20,359 --> 00:20:27,120 Speaker 1: and services and so much more. Um However, apparently some 383 00:20:27,200 --> 00:20:30,560 Speaker 1: people think that you're not smart enough to handle hearing 384 00:20:30,720 --> 00:20:33,199 Speaker 1: things that you don't like to hear, and so it 385 00:20:33,280 --> 00:20:37,520 Speaker 1: was interesting to see how uh mainstream media seemed to 386 00:20:37,880 --> 00:20:41,919 Speaker 1: erupt over the fact that somebody would buy a social 387 00:20:41,960 --> 00:20:45,560 Speaker 1: media platform to give it free speech. Now, what was 388 00:20:45,600 --> 00:20:48,760 Speaker 1: interesting is when thousands of thousands of people have been 389 00:20:48,800 --> 00:20:52,760 Speaker 1: d platformed, including the active sitting president of the United States, 390 00:20:53,359 --> 00:20:56,120 Speaker 1: people said, it's fine. Twitter is a private company. They 391 00:20:56,119 --> 00:20:59,440 Speaker 1: can do what they want. It's not a tricky situation. 392 00:20:59,520 --> 00:21:01,680 Speaker 1: I do believe that a private business should be able 393 00:21:01,680 --> 00:21:03,639 Speaker 1: to do what they want. A private business is my 394 00:21:03,720 --> 00:21:06,000 Speaker 1: private property. I should be able to do with that 395 00:21:06,080 --> 00:21:09,000 Speaker 1: business what I want. If I want to serve this 396 00:21:09,080 --> 00:21:11,680 Speaker 1: customer or not, that should be up to me. Now, 397 00:21:11,720 --> 00:21:13,840 Speaker 1: growing up, you would typically see like an establishment and 398 00:21:14,000 --> 00:21:16,919 Speaker 1: say we reserve the right to refuse service, right, and 399 00:21:16,920 --> 00:21:19,000 Speaker 1: so they should be able to they can choose what 400 00:21:19,040 --> 00:21:21,000 Speaker 1: they do want to do. It's private business, and so 401 00:21:21,040 --> 00:21:23,200 Speaker 1: they'd say, hey, Twitter, consens or whoever they wanted to 402 00:21:23,240 --> 00:21:26,960 Speaker 1: it's a private business. Um. I'm not gonna get super 403 00:21:27,000 --> 00:21:30,960 Speaker 1: deep into that, but um, as soon as Elon Must 404 00:21:30,960 --> 00:21:33,000 Speaker 1: wants to buy Twitter and actually take it from a 405 00:21:33,000 --> 00:21:36,480 Speaker 1: publicly traded company to a private company, now that's a 406 00:21:36,480 --> 00:21:38,119 Speaker 1: big problem. And now all of a sudden, it's not 407 00:21:38,119 --> 00:21:40,360 Speaker 1: a private company anymore, which is pretty weird. But what's 408 00:21:40,359 --> 00:21:45,359 Speaker 1: even weirder is so there's this uproar about freedom of speech, 409 00:21:45,359 --> 00:21:48,679 Speaker 1: which is very interesting to see. However, the contrast is 410 00:21:48,720 --> 00:21:51,600 Speaker 1: that from the time that Elon Must decided to buy 411 00:21:51,640 --> 00:21:55,680 Speaker 1: Twitter from he announced it, um, and I haven't actually 412 00:21:55,720 --> 00:21:57,760 Speaker 1: looked at it for a minute. Here, let's take a 413 00:21:57,760 --> 00:22:00,400 Speaker 1: look and see where we're at here. If I look 414 00:22:00,440 --> 00:22:02,960 Speaker 1: at the price of Twitter, which I mean, it's still 415 00:22:03,160 --> 00:22:05,000 Speaker 1: up quite a bit as a matter of fact, which 416 00:22:05,040 --> 00:22:07,960 Speaker 1: is interesting as most of the tech stalks are way down. 417 00:22:08,440 --> 00:22:11,960 Speaker 1: So right now, Tesla, I'm sorry. Twitter is up forty 418 00:22:12,080 --> 00:22:17,040 Speaker 1: eight percent from where from the time when he announced 419 00:22:17,080 --> 00:22:19,679 Speaker 1: that he would buy it, So it's up now. This 420 00:22:19,800 --> 00:22:25,000 Speaker 1: is up at a time when all the other um 421 00:22:25,040 --> 00:22:28,560 Speaker 1: tech stocks are way down, which is pretty interesting. We 422 00:22:28,600 --> 00:22:33,280 Speaker 1: can see, for example, over that same period, we can 423 00:22:33,320 --> 00:22:39,240 Speaker 1: see where Facebook's at, which is about flat. It's about flat. 424 00:22:39,640 --> 00:22:43,200 Speaker 1: Um it had gone up and come back down. Facebook's down. 425 00:22:43,359 --> 00:22:45,480 Speaker 1: We can see obviously all the big tech stalks are down, 426 00:22:45,920 --> 00:22:48,359 Speaker 1: but Twitter is up almost fift So here's what this 427 00:22:48,400 --> 00:22:51,320 Speaker 1: tells me. What this tells me is that the mainstream 428 00:22:51,400 --> 00:22:55,159 Speaker 1: media is all up in arms about giving somebody freedom 429 00:22:55,160 --> 00:22:59,160 Speaker 1: of speech, which is insane to me. However, the mainstream 430 00:22:59,160 --> 00:23:04,600 Speaker 1: media represents a very small percentage of the market. The market, 431 00:23:05,000 --> 00:23:08,200 Speaker 1: as represented through the financial markets are telling us something 432 00:23:08,200 --> 00:23:11,760 Speaker 1: completely different. Now, there's one reason why when you run 433 00:23:11,840 --> 00:23:13,960 Speaker 1: polls to find out who's going to be president, they're 434 00:23:14,000 --> 00:23:16,840 Speaker 1: typically way off. But we saw in the last presidential 435 00:23:16,840 --> 00:23:19,440 Speaker 1: election cycle we had betting markets where people were betting 436 00:23:19,440 --> 00:23:21,880 Speaker 1: on who would become the eventual winner of the election. 437 00:23:22,320 --> 00:23:26,919 Speaker 1: The betting markets were extremely close, and the and the 438 00:23:26,920 --> 00:23:29,359 Speaker 1: polls were way off. Why is that. Well, anybody can 439 00:23:29,400 --> 00:23:31,720 Speaker 1: say whatever they want to pull. But when it comes 440 00:23:31,760 --> 00:23:33,560 Speaker 1: to putting your money where your mouth is, when you 441 00:23:33,560 --> 00:23:36,639 Speaker 1: have skin in the game, when you have an incentive, 442 00:23:37,200 --> 00:23:40,520 Speaker 1: you you choose much wiser, much closer. And so that's 443 00:23:40,520 --> 00:23:43,119 Speaker 1: why the betting markets were different. So back to this. 444 00:23:43,480 --> 00:23:46,359 Speaker 1: Mainstream media wants to tell you it's insane, No, we 445 00:23:46,400 --> 00:23:48,760 Speaker 1: can't have free speech. How horrible is this? But the 446 00:23:48,840 --> 00:23:53,040 Speaker 1: markets are telling us that they value free speech. The 447 00:23:53,119 --> 00:23:59,200 Speaker 1: Twitter's up. Why, well, the markets are a discounting mechanism. 448 00:23:59,200 --> 00:24:02,640 Speaker 1: What does that mean? The markets discount they you try 449 00:24:02,720 --> 00:24:04,960 Speaker 1: to buy something cheaper today than you think it will 450 00:24:05,000 --> 00:24:07,919 Speaker 1: be worth in the future. So people were buying Twitter 451 00:24:08,240 --> 00:24:10,800 Speaker 1: saying it will be worth more in the future because 452 00:24:11,359 --> 00:24:13,600 Speaker 1: if Elon Musk can open it up for free speech, 453 00:24:13,920 --> 00:24:16,560 Speaker 1: then we believe that will be more valuable in the future. 454 00:24:16,600 --> 00:24:18,960 Speaker 1: And so they're buying it. And so the market, like 455 00:24:19,000 --> 00:24:21,600 Speaker 1: a betting market, put money where their mouth was, put 456 00:24:21,680 --> 00:24:24,720 Speaker 1: skin in the game, and we saw the price of 457 00:24:24,720 --> 00:24:27,919 Speaker 1: Twitter go up by more than But of course, um, 458 00:24:27,960 --> 00:24:29,800 Speaker 1: the powers that be, if you want to call them that, 459 00:24:29,880 --> 00:24:32,879 Speaker 1: are certainly not a fan of that. It was only 460 00:24:33,000 --> 00:24:35,479 Speaker 1: within days or maybe a week or two after that 461 00:24:35,560 --> 00:24:38,040 Speaker 1: was announced that then all of a sudden, the United States, 462 00:24:38,119 --> 00:24:41,880 Speaker 1: the Biden administration, the Department of Homeless Security announces their 463 00:24:41,920 --> 00:24:45,760 Speaker 1: new Ministry of Truth. They want to tell you what's 464 00:24:45,800 --> 00:24:50,400 Speaker 1: true because apparently you don't know and you're not smart 465 00:24:50,520 --> 00:24:52,440 Speaker 1: enough to figure out. So they want to tell you 466 00:24:52,680 --> 00:24:54,399 Speaker 1: what the Ministry of Truth was. And it's not just 467 00:24:54,640 --> 00:24:56,879 Speaker 1: the United States, is a matter of fact, this is 468 00:24:57,080 --> 00:25:01,240 Speaker 1: kicked off a firestorm of regulators. We see social media 469 00:25:01,320 --> 00:25:06,400 Speaker 1: regulations expand globally. As Elon Musk plans the Twitter takeover, 470 00:25:07,720 --> 00:25:10,600 Speaker 1: he says, says there the countries are taking more steps 471 00:25:10,600 --> 00:25:13,800 Speaker 1: to compel social media platforms to shield users, shield them. 472 00:25:13,960 --> 00:25:17,800 Speaker 1: We gotta protect people from material that they deem harmful 473 00:25:18,280 --> 00:25:21,800 Speaker 1: through standards that could affect Twitter. So if the government 474 00:25:21,920 --> 00:25:26,760 Speaker 1: deems it to be harmful, then they need to protect you. Now. 475 00:25:27,000 --> 00:25:29,520 Speaker 1: One thing that's interesting about freedom of speech is that 476 00:25:30,400 --> 00:25:33,440 Speaker 1: if you if, if, if you take away my freedom 477 00:25:33,440 --> 00:25:35,760 Speaker 1: of speech so I can't say what I want, they're 478 00:25:35,800 --> 00:25:40,840 Speaker 1: also punishing you. They're also taking away your freedom to hear. 479 00:25:42,560 --> 00:25:45,600 Speaker 1: Think about that, I may lose my right to speech. 480 00:25:46,000 --> 00:25:48,640 Speaker 1: You may lose your right to hear. We're both being 481 00:25:48,640 --> 00:25:51,840 Speaker 1: punished in that. The good thing about hearing harmful content 482 00:25:52,000 --> 00:25:53,840 Speaker 1: is that if you don't want to hear it, you 483 00:25:53,880 --> 00:25:57,000 Speaker 1: don't have to see You also have freedom to hear it. 484 00:25:57,359 --> 00:26:00,360 Speaker 1: You also have freedom not to hear it. You can 485 00:26:00,480 --> 00:26:03,320 Speaker 1: mute accounts on Twitter you don't like, you can block 486 00:26:03,359 --> 00:26:05,800 Speaker 1: accounts on Twitter. You can you don't like, you can 487 00:26:06,160 --> 00:26:09,440 Speaker 1: not follow them if you don't like them. It's very 488 00:26:09,520 --> 00:26:12,240 Speaker 1: simple to do that. We don't need the government, but 489 00:26:12,480 --> 00:26:15,160 Speaker 1: the government here was The regulators from Australia to European Union, India, 490 00:26:15,160 --> 00:26:17,600 Speaker 1: Canada and the UK have recently introduced are or are 491 00:26:17,680 --> 00:26:22,480 Speaker 1: now considering new rules for policing online content. I mean, 492 00:26:22,520 --> 00:26:27,080 Speaker 1: this is insane. Um. This is why we need bitcoin. 493 00:26:27,560 --> 00:26:29,760 Speaker 1: We like to say bitcoin fixes this. And the reason 494 00:26:29,760 --> 00:26:33,320 Speaker 1: why bitcoin fixes this is because it takes away the money. 495 00:26:33,400 --> 00:26:37,520 Speaker 1: With the with the money, with freedom of money, we 496 00:26:37,640 --> 00:26:40,880 Speaker 1: have freedom, and so we need to have freedom of money. 497 00:26:40,880 --> 00:26:42,320 Speaker 1: We need to take away some of the power of 498 00:26:42,320 --> 00:26:44,400 Speaker 1: them to be able to print all this money so 499 00:26:44,440 --> 00:26:48,080 Speaker 1: they can build out these large regulatory bodies like this. 500 00:26:48,200 --> 00:26:50,399 Speaker 1: The government continues to get bigger and bigger and bigger 501 00:26:50,520 --> 00:26:52,800 Speaker 1: because they're able to print more and more and more 502 00:26:52,880 --> 00:26:55,000 Speaker 1: of their money. You're listening to the Mark Marchell will 503 00:26:55,000 --> 00:26:57,320 Speaker 1: be right back with more. Don't go away, all right, 504 00:26:57,359 --> 00:26:59,400 Speaker 1: welcome back here, listening to the markma Show. We're talking 505 00:26:59,440 --> 00:27:02,720 Speaker 1: about we're talking about this decentralized revolution the world is 506 00:27:02,720 --> 00:27:05,000 Speaker 1: going through. We're talking about the intersection of politics, finance, 507 00:27:05,000 --> 00:27:08,120 Speaker 1: and technology, and as the as the world goes through 508 00:27:08,160 --> 00:27:10,600 Speaker 1: this decentralized revolution, which of course is being led by 509 00:27:10,640 --> 00:27:15,040 Speaker 1: bitcoin and cryptocurrencies, it's the technology, the decentralized technology that's 510 00:27:15,040 --> 00:27:19,000 Speaker 1: helping the world become more decentralized. It's not easy, it's 511 00:27:19,040 --> 00:27:22,440 Speaker 1: not smooth. The centralized powers that be, the governments don't 512 00:27:22,520 --> 00:27:24,880 Speaker 1: want to give up that power and control. And so 513 00:27:25,000 --> 00:27:27,760 Speaker 1: as they start, as it starts to slip through their fingers, 514 00:27:27,760 --> 00:27:31,119 Speaker 1: they try to grab more harshly, and the more harshly 515 00:27:31,160 --> 00:27:33,200 Speaker 1: they grab, the more starts to slip through their fingers. 516 00:27:33,200 --> 00:27:36,960 Speaker 1: And it's this um, this reflexive loop that basically happens. 517 00:27:37,080 --> 00:27:40,720 Speaker 1: And that's exactly what we're seeing today. So the powers 518 00:27:40,800 --> 00:27:42,720 Speaker 1: that be, the governments of the world, started to lose 519 00:27:42,760 --> 00:27:45,080 Speaker 1: their narrative. What does that mean, Well, they want to 520 00:27:45,119 --> 00:27:48,159 Speaker 1: control the information that you read, that you see, so 521 00:27:48,160 --> 00:27:50,639 Speaker 1: they can control the narraive, they can control what you believe, 522 00:27:50,680 --> 00:27:53,240 Speaker 1: what you think. The problem is, we had an Internet. 523 00:27:53,280 --> 00:27:56,280 Speaker 1: We we had an invention called the Internet, and the 524 00:27:56,359 --> 00:27:59,399 Speaker 1: Internet allows us to spread information and allows you to 525 00:27:59,560 --> 00:28:01,880 Speaker 1: hear my voice and hear what I'm saying. And through 526 00:28:01,920 --> 00:28:04,960 Speaker 1: the Internet, Um, they've lost control. It was very easy 527 00:28:05,080 --> 00:28:08,080 Speaker 1: when we all watched the same three news channels and 528 00:28:08,119 --> 00:28:10,399 Speaker 1: we all read the same couple of newspapers. When we 529 00:28:10,400 --> 00:28:12,240 Speaker 1: did that, it was super simple for them to control 530 00:28:12,240 --> 00:28:14,960 Speaker 1: the narrative. It was cheap, it was easy. The returns 531 00:28:14,960 --> 00:28:18,080 Speaker 1: on their violence were very high. The problem is, as 532 00:28:18,080 --> 00:28:20,920 Speaker 1: the Internet um came, it allowed all this new alternative 533 00:28:20,960 --> 00:28:23,600 Speaker 1: media to grow up. And now we have you know, 534 00:28:23,640 --> 00:28:27,960 Speaker 1: people like um, Joe Rogan and Tucker Carlson and these big, 535 00:28:27,960 --> 00:28:32,280 Speaker 1: big channels that are getting way more views than mainstream media. 536 00:28:32,280 --> 00:28:35,280 Speaker 1: And so they're losing the narrative on that, and so 537 00:28:35,359 --> 00:28:38,080 Speaker 1: in order to try to regain control, they have to 538 00:28:38,120 --> 00:28:40,400 Speaker 1: figure out any way they can to try to control 539 00:28:40,440 --> 00:28:43,040 Speaker 1: and regulate that, and of course they'll put laws into 540 00:28:43,080 --> 00:28:46,560 Speaker 1: place to do just that. Take away my right to talk, 541 00:28:46,600 --> 00:28:48,600 Speaker 1: so they can take away you're right, to hear. Now, 542 00:28:48,800 --> 00:28:51,960 Speaker 1: you might be listening to this and saying, Mark, but look, 543 00:28:52,200 --> 00:28:56,040 Speaker 1: there's crazy people like Alex Jones, and Alex Jones says 544 00:28:56,120 --> 00:28:59,200 Speaker 1: things that are really dangerous, and we have to prevent 545 00:28:59,560 --> 00:29:03,840 Speaker 1: these the dangerous people from saying these really dangerous things. Okay, 546 00:29:03,880 --> 00:29:08,840 Speaker 1: do we You see, the truth is found through open 547 00:29:08,880 --> 00:29:12,720 Speaker 1: discussion and through transparency. So if we had open and 548 00:29:12,760 --> 00:29:16,880 Speaker 1: honest debate, Alex Jones could say something really crazy, for example, 549 00:29:17,400 --> 00:29:20,800 Speaker 1: and other people could come out and say that's not right. Now. 550 00:29:20,880 --> 00:29:22,960 Speaker 1: I don't know about you, but I love to see 551 00:29:23,000 --> 00:29:24,680 Speaker 1: debates and the reason why I love to see debates 552 00:29:24,720 --> 00:29:29,240 Speaker 1: is because one person may say something that seems very convincing. 553 00:29:29,320 --> 00:29:32,080 Speaker 1: They may be very certain about what they're saying, and 554 00:29:32,400 --> 00:29:34,200 Speaker 1: I might believe that maybe I don't have a really 555 00:29:34,280 --> 00:29:37,240 Speaker 1: educated opinion on that, But then I hear somebody else 556 00:29:37,280 --> 00:29:39,200 Speaker 1: and I'm like, oh wait a minute, I thought about that. 557 00:29:39,200 --> 00:29:43,920 Speaker 1: That that right, And so through open discussion, through open debate, 558 00:29:44,040 --> 00:29:46,720 Speaker 1: we can find that truth. The problem is that when 559 00:29:46,720 --> 00:29:50,240 Speaker 1: you censor that, we never find it, and so now 560 00:29:50,280 --> 00:29:53,320 Speaker 1: those voices are in the dark. Now they may be right, 561 00:29:53,360 --> 00:29:55,800 Speaker 1: they may be wrong, but we may never know the 562 00:29:55,880 --> 00:30:00,440 Speaker 1: reason why is because censorship does the exact opposite. It 563 00:30:00,520 --> 00:30:03,520 Speaker 1: doesn't bring more truth or more trust. So if you've 564 00:30:03,520 --> 00:30:06,720 Speaker 1: ever had a business partner um that was embezzling from you, 565 00:30:06,880 --> 00:30:09,280 Speaker 1: or a friend that was, you know, stealing from you, 566 00:30:09,440 --> 00:30:13,600 Speaker 1: or a girlfriend, boyfriend's spouse, whatever, cheating on you, you 567 00:30:13,640 --> 00:30:17,400 Speaker 1: know that confidence starts being lost. You start to think like, wow, 568 00:30:17,440 --> 00:30:19,280 Speaker 1: what are these charges showing off my bank account? And 569 00:30:19,360 --> 00:30:21,720 Speaker 1: is my partner doing this for that? Or who's my 570 00:30:22,000 --> 00:30:25,600 Speaker 1: who's my significant other texting late at night? Right? And 571 00:30:25,640 --> 00:30:28,960 Speaker 1: you start to lose confidence, start to lose trust. Now, 572 00:30:28,960 --> 00:30:30,600 Speaker 1: if you went to your business partner said hey, could 573 00:30:30,640 --> 00:30:32,560 Speaker 1: we look at the bank account and look at a 574 00:30:32,560 --> 00:30:33,959 Speaker 1: couple of these charges to see what they are? If 575 00:30:33,960 --> 00:30:37,240 Speaker 1: they said yeah, sure, here's the receipts and whatever, they 576 00:30:37,240 --> 00:30:42,200 Speaker 1: could restore that confidence through open, honest dialogue, through transparency. 577 00:30:42,480 --> 00:30:44,320 Speaker 1: If you look at your significant other in bed and say, 578 00:30:44,320 --> 00:30:45,840 Speaker 1: who the heck are you texting late at night and 579 00:30:45,840 --> 00:30:47,520 Speaker 1: they said, oh, I'm not talking to my mom. Look 580 00:30:47,520 --> 00:30:51,000 Speaker 1: here's my text message, that would restore trust. If your 581 00:30:51,040 --> 00:30:53,560 Speaker 1: business partner said, that's nothing for you to see. You 582 00:30:53,520 --> 00:30:56,680 Speaker 1: you don't want to know that, don't look at that. 583 00:30:56,680 --> 00:30:59,200 Speaker 1: That would almost just confirm what you already know. And 584 00:30:59,280 --> 00:31:03,040 Speaker 1: so whenever you take away a person's right to talk, 585 00:31:04,320 --> 00:31:07,520 Speaker 1: it looks bad. They're saying that ripping out a man's 586 00:31:07,560 --> 00:31:11,280 Speaker 1: tongue does not prove him wrong. It only proves that 587 00:31:11,360 --> 00:31:13,840 Speaker 1: you have something to hide. And so the way that 588 00:31:13,880 --> 00:31:16,560 Speaker 1: we build trust, the way that we build trust, the 589 00:31:16,600 --> 00:31:18,200 Speaker 1: way that we find truth, the way that we discuss 590 00:31:18,200 --> 00:31:21,160 Speaker 1: ideas is through open platforms and discussion. The other thing 591 00:31:21,200 --> 00:31:23,240 Speaker 1: is that you know, I see some people on Twitter 592 00:31:23,320 --> 00:31:28,760 Speaker 1: saying some insane, crazy things like they're like especially here 593 00:31:28,800 --> 00:31:31,040 Speaker 1: in California the legislative but also all across twity. You 594 00:31:31,040 --> 00:31:33,280 Speaker 1: can see like there's like a whole subset of people 595 00:31:33,320 --> 00:31:37,760 Speaker 1: that are like trying to um change the age of consent. 596 00:31:38,520 --> 00:31:42,480 Speaker 1: They want little kids to be able to consent to 597 00:31:42,960 --> 00:31:46,160 Speaker 1: sexual acts. I mean, it is absolutely insane. I can't 598 00:31:46,160 --> 00:31:49,320 Speaker 1: believe Twitter allows us to happen. They censor active stay 599 00:31:49,360 --> 00:31:51,560 Speaker 1: in presidents, but they allow that to be talked about. 600 00:31:51,720 --> 00:31:55,080 Speaker 1: It's in saying, however, now we see who these people are. 601 00:31:55,760 --> 00:31:57,760 Speaker 1: Now we know who they are, we know exactly what 602 00:31:57,800 --> 00:31:59,760 Speaker 1: they want, and we can call them out for who 603 00:31:59,800 --> 00:32:02,480 Speaker 1: they are, and we know to discount what they say, 604 00:32:02,680 --> 00:32:05,360 Speaker 1: and so on one hand, I would like, I don't 605 00:32:05,360 --> 00:32:07,360 Speaker 1: want to hear it. It bothers me that there's people 606 00:32:07,400 --> 00:32:09,560 Speaker 1: that have those views. But at least we know who 607 00:32:09,600 --> 00:32:12,400 Speaker 1: they are and then we can combat that. We can 608 00:32:12,400 --> 00:32:14,840 Speaker 1: talk about that anyway. Back to this at hand, it 609 00:32:14,840 --> 00:32:19,080 Speaker 1: says that, um, how content moderation rules would work at 610 00:32:19,080 --> 00:32:25,160 Speaker 1: Twitter under Mr Musk remains unclear. Of course, it's always unclear. Um. 611 00:32:25,200 --> 00:32:28,360 Speaker 1: He called the move a quote morally bad decision, and 612 00:32:29,840 --> 00:32:31,680 Speaker 1: he said, quote if there are tweets that are wrong 613 00:32:31,720 --> 00:32:34,000 Speaker 1: and bad, those should be either deleted or made invisible. 614 00:32:34,200 --> 00:32:37,160 Speaker 1: And a suspension or temporary suspension is appropriate, but not 615 00:32:37,280 --> 00:32:40,600 Speaker 1: a permanent ban. But that's not good enough for the lawmakers. 616 00:32:40,640 --> 00:32:43,480 Speaker 1: The European Digital Services Act, which was agreed to buy 617 00:32:43,520 --> 00:32:48,280 Speaker 1: lawmakers in April, would compel platforms to swiftly address illegal 618 00:32:48,320 --> 00:32:51,280 Speaker 1: content and offer a process for users to complain if 619 00:32:51,320 --> 00:32:55,440 Speaker 1: they disagree with moderation decisions. So swiftly address illegal content. 620 00:32:55,480 --> 00:32:58,560 Speaker 1: But what's illegal? What type of content would be illegal? 621 00:32:59,760 --> 00:33:02,480 Speaker 1: That where some of this problem starts to line up, 622 00:33:02,920 --> 00:33:06,560 Speaker 1: it says um. A new law and Australia goes further, 623 00:33:07,080 --> 00:33:10,440 Speaker 1: allowing an e Safety Commission to order platforms to remove 624 00:33:10,520 --> 00:33:13,760 Speaker 1: certain content or face fines. What content and who's the 625 00:33:14,040 --> 00:33:17,400 Speaker 1: who's the safety commission, who, who's determining what's safe and 626 00:33:17,400 --> 00:33:21,160 Speaker 1: what isn't safe? It says um. We'll be keeping a 627 00:33:21,200 --> 00:33:23,320 Speaker 1: close watch and making sure that Twitter and other platforms 628 00:33:23,320 --> 00:33:25,520 Speaker 1: are taking the steps required under Australian law to address 629 00:33:25,560 --> 00:33:28,800 Speaker 1: online safety issues. Now, I think there's all things that 630 00:33:28,840 --> 00:33:32,600 Speaker 1: we could agree are not safe, like child exploitation, for example. 631 00:33:32,640 --> 00:33:34,200 Speaker 1: I think there's things that we could all agree to, 632 00:33:34,240 --> 00:33:37,640 Speaker 1: But the problem is the rest becomes subjective. So we 633 00:33:37,720 --> 00:33:40,880 Speaker 1: want to start banning hate speech. Well, let's say that. Um, 634 00:33:40,960 --> 00:33:45,320 Speaker 1: let's say that I hate pineapple on pizza. I hate 635 00:33:45,360 --> 00:33:48,640 Speaker 1: that and it grosses me out to even hear anybody 636 00:33:48,680 --> 00:33:52,480 Speaker 1: talk about that. And I feel that it's violence because 637 00:33:52,520 --> 00:33:57,480 Speaker 1: speech is violence now apparently, and I hate that. Now, 638 00:33:57,760 --> 00:34:01,000 Speaker 1: is that should that be considered hate speech? I use 639 00:34:01,200 --> 00:34:04,680 Speaker 1: I use a ridiculous example, partly because that's how ridiculous 640 00:34:04,720 --> 00:34:07,840 Speaker 1: things have become. But to show you that it's subjective, 641 00:34:08,880 --> 00:34:11,319 Speaker 1: there's only a couple of things that we could all 642 00:34:11,360 --> 00:34:14,239 Speaker 1: agree on, but the rest are all subjective. Now. The 643 00:34:14,280 --> 00:34:17,640 Speaker 1: other thing is that we have laws against things. So 644 00:34:17,719 --> 00:34:20,239 Speaker 1: for example, I think we all agree that child exploitation 645 00:34:20,320 --> 00:34:24,040 Speaker 1: is wrong, and turns out it's actually illegal too. So 646 00:34:24,200 --> 00:34:26,960 Speaker 1: if anybody we're actually talking about it, then there's a 647 00:34:27,000 --> 00:34:29,800 Speaker 1: crime and they can go do something about it. Hating 648 00:34:30,360 --> 00:34:35,840 Speaker 1: um somebody because they're um, dumb or ugly isn't a crime. 649 00:34:36,400 --> 00:34:38,160 Speaker 1: You don't have to choose to listen to that. We 650 00:34:38,239 --> 00:34:42,160 Speaker 1: also have laws against a libel and slander. We also 651 00:34:42,200 --> 00:34:45,239 Speaker 1: have those laws as well, so we already have laws it. 652 00:34:45,320 --> 00:34:47,760 Speaker 1: As in the US, lawmakers have put forward multiple proposals 653 00:34:47,760 --> 00:34:50,400 Speaker 1: for dealing with online content, though few have advanced the 654 00:34:50,440 --> 00:34:55,160 Speaker 1: mid debates over freedom of expression and censorship. Canada's government 655 00:34:55,160 --> 00:34:58,520 Speaker 1: has also pledged to introduce legislation to address online content 656 00:34:58,640 --> 00:35:03,360 Speaker 1: such as hate speak. And again, what is hate speech? 657 00:35:04,400 --> 00:35:07,879 Speaker 1: And that is the point. We can't have these subjective things, um. 658 00:35:07,960 --> 00:35:10,360 Speaker 1: And this just further goes to prove how the world 659 00:35:10,520 --> 00:35:15,120 Speaker 1: is grasping to maintain power over centralization, mainly because they 660 00:35:15,160 --> 00:35:17,480 Speaker 1: want to control the narrative, not so much because they 661 00:35:17,520 --> 00:35:19,880 Speaker 1: care about you. As I said, Twitter already makes it 662 00:35:19,960 --> 00:35:24,359 Speaker 1: very easy to unfollow people, block people if I want to. 663 00:35:24,560 --> 00:35:27,160 Speaker 1: I don't have to hear it. Um. But maybe I'm 664 00:35:27,200 --> 00:35:28,600 Speaker 1: wrong I'd love to hear what you have to think. 665 00:35:28,719 --> 00:35:31,200 Speaker 1: You can hit me up on social media at number 666 00:35:31,200 --> 00:35:32,920 Speaker 1: one Mark Moss, find me on Twitter, I find me 667 00:35:32,960 --> 00:35:35,920 Speaker 1: on on Instagram, whatever. At one Mark Moss. Send me 668 00:35:35,920 --> 00:35:38,719 Speaker 1: a message and let me know what you think. I'm 669 00:35:38,719 --> 00:35:41,160 Speaker 1: here trying to help you make sense of this decentralized 670 00:35:41,200 --> 00:35:44,600 Speaker 1: revolution that we're living through from a political, financial, and 671 00:35:44,600 --> 00:35:47,359 Speaker 1: a technological standpoint. If you miss some of the show, 672 00:35:47,400 --> 00:35:49,560 Speaker 1: you can catch it on the I Heart radio network. 673 00:35:49,640 --> 00:35:52,480 Speaker 1: Just search Mark Moss I Heart Mark Moss Podcast and 674 00:35:52,480 --> 00:35:55,080 Speaker 1: you'll find it there. UM and you can catch up 675 00:35:55,120 --> 00:35:57,719 Speaker 1: on some of that We've covered so much today, including um, 676 00:35:57,719 --> 00:36:01,080 Speaker 1: the Defy tokens, the Luna tokens, uh Defied protocol is 677 00:36:01,080 --> 00:36:04,360 Speaker 1: blowing up, what's happening to bitcoin. We've talked about Twitter. 678 00:36:04,520 --> 00:36:06,520 Speaker 1: We've talked about so much and more so. If you 679 00:36:06,600 --> 00:36:08,439 Speaker 1: missed any of that, go ahead and check it out 680 00:36:08,480 --> 00:36:11,080 Speaker 1: and don't miss it next time. Put a reminder on 681 00:36:11,080 --> 00:36:13,279 Speaker 1: your phone for this time this channel, and joined me 682 00:36:13,320 --> 00:36:15,560 Speaker 1: each and every week. It's the most important part of 683 00:36:15,560 --> 00:36:17,560 Speaker 1: your week, and that's what I got. Thanks so much 684 00:36:17,600 --> 00:36:20,359 Speaker 1: for listening. I'll see you next week on The Mark 685 00:36:20,440 --> 00:36:20,919 Speaker 1: Mos Show.