WEBVTT - A Conversation with Justin Rezvani of Zion

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<v Speaker 1>Hello, and welcome to another episode of the Markmas Show,

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<v Speaker 1>where we talk about the decentralized revolution each and every week,

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<v Speaker 1>talking about the way the world is changing, and of

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<v Speaker 1>course we look at it through the lens of politics

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<v Speaker 1>and finance and technology. And of course that technology we

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<v Speaker 1>talk about is the Bitcoin decentralized network. We talk about

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<v Speaker 1>that each and every week because it's technology that changes

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<v Speaker 1>the way the world work. It changes the way that

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<v Speaker 1>we organize, we communicate, and so I like to bring

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<v Speaker 1>to you, you know, some of the latest breaking news

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<v Speaker 1>of education to help you think about things differently, learn

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<v Speaker 1>to see the world differently, and of course some interesting

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<v Speaker 1>guests so you can hear from some people other than

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<v Speaker 1>me all the time. And so I'm coming to you

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<v Speaker 1>from Jackson Whole, Wyoming, where I am in town a

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<v Speaker 1>place that I've been dreaming of coming for a long

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<v Speaker 1>time because of the snow. And here I am, and

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<v Speaker 1>we are here for a Bitcoin ski Week. Is the

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<v Speaker 1>first of it's kind of two hundred and fifty approximately

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<v Speaker 1>of the sort of I don't know, industry leading people

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<v Speaker 1>that are kind of moved and shaking the bitcoin space.

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<v Speaker 1>And we're talking about all types of good ideas and

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<v Speaker 1>I managed to grab somebody to come sit on the

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<v Speaker 1>radio with me, and that is Justin Resvanni. He is

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<v Speaker 1>the founder of Zion app. And so Justin, thanks for

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<v Speaker 1>taking the time talking to me today. Thank yeah, man.

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<v Speaker 1>I love getting together and hanging out. We've had amazing talks.

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<v Speaker 1>The last couple of days, Justin and I got some

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<v Speaker 1>amazing powder runs. Yeah, it's great. Snow, great snow. Oh man.

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<v Speaker 1>The the benefit of doing like meetings like this and

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<v Speaker 1>like a cool place like this, Like we got to

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<v Speaker 1>hang out, we gotta do cool things, and then we

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<v Speaker 1>get a snowboard. It's cool. It's cool doing life this way.

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<v Speaker 1>It's like we have work to do, very deep work,

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<v Speaker 1>but then you can kind of expand the horizons play

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<v Speaker 1>a little bit. Like I think as humans, we're here

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<v Speaker 1>to have fun at the end of the day, Like imagine,

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<v Speaker 1>like sometimes we take things too seriously and it's nice

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<v Speaker 1>to just lay back and like, look, let's go ski

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<v Speaker 1>and then talk about work at the same time. Well,

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<v Speaker 1>I know, you know, this is kind of a different

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<v Speaker 1>than what I want to jump into. I want to

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<v Speaker 1>talk about how decentralized networks and there's been several that

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<v Speaker 1>have popped up lately, including zions. So I want to

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<v Speaker 1>talk about that, but before we get into that, just

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<v Speaker 1>for everybody listening, we're gonna talk about that and how

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<v Speaker 1>decentralized networks will help us beat censorship and change censorship

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<v Speaker 1>and communication and change the world. We'll talk about that,

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<v Speaker 1>but before we get into that, just to the point

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<v Speaker 1>you said. Something I've been pounding on the table on

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<v Speaker 1>is that today we have like all these people that

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<v Speaker 1>are victims. I can't get ahead because the government, and

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<v Speaker 1>I can't get ahead because of inflation. But it's like,

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<v Speaker 1>we are not victims and we can build the life

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<v Speaker 1>that we want. Sure, And you're certainly someone who's done that, right,

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<v Speaker 1>I mean I think so. And I think it's very

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<v Speaker 1>possible to do whatever you want. I think on this planet.

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<v Speaker 1>I mean, you can really push your boundaries and if

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<v Speaker 1>you work hard enough and if you apply yourself in

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<v Speaker 1>this weird way, you can almost get anything done that

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<v Speaker 1>you want. You just have to expand your horizons. I think.

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<v Speaker 1>I think people just don't expand their horizons. Yeah, So again,

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<v Speaker 1>this is not what I want to talk about, but

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<v Speaker 1>I do want to talk about this for a second.

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<v Speaker 1>It's impromptu here, so people have these fears or they

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<v Speaker 1>feel this and this this oppression that they think is

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<v Speaker 1>holding them back. Like, UM work a cubical job and

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<v Speaker 1>I make forty thousand dollars a year and I'm stuck

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<v Speaker 1>here and I get two weeks of vacation a year,

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<v Speaker 1>and I'm too broke to go to Jackson Hole. So

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<v Speaker 1>woe's me? I'm this victim. What's wrong with that viewpoint?

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<v Speaker 1>And how could they maybe do something about that? I

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<v Speaker 1>think that victim mentality doesn't push you forward in any way.

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<v Speaker 1>I don't know a single person that has a net

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<v Speaker 1>worth of over one hundred million dollars that complains about

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<v Speaker 1>their victim even millions, Like like like let's say I don't.

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<v Speaker 1>I don't know. I throughout a higher number there. But

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<v Speaker 1>like I, no one that's made it has ever played

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<v Speaker 1>that card. They've never done it. They just they just

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<v Speaker 1>pushed through and they persevere. So I think we're living

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<v Speaker 1>in an age where information and content is one of

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<v Speaker 1>the most valuable things that's available on the Internet, and

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<v Speaker 1>you can figure out anything that you want if you

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<v Speaker 1>just apply your mind to it. And I'll give a

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<v Speaker 1>real example here. I did not know about bitcoin two

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<v Speaker 1>and a half years ago. I owned it, but I

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<v Speaker 1>had no idea the concept, And within eighteen months I'm

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<v Speaker 1>at these events. I'm running one of the largest lightning

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<v Speaker 1>companies in the world, and it's just because of my

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<v Speaker 1>extreme pressure to understand and be knowledgeable in the space.

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<v Speaker 1>And now today we're gonna talk about decentralized networks and

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<v Speaker 1>all that stuff. And I just think that we have

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<v Speaker 1>this knowledge available to us. We have YouTube, we have

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<v Speaker 1>amazing people like you making content on the internet. You

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<v Speaker 1>can learn a ton of stuff and you can synthesize

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<v Speaker 1>that knowledge and provide value to someone else and create

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<v Speaker 1>financial freedom for yourself. Like knowledge is not gapped anymore,

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<v Speaker 1>Like you don't have to have a university degree to

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<v Speaker 1>be smart about things. You can get out of that

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<v Speaker 1>job if you choose to. But I think it's a

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<v Speaker 1>function of laziness, Like we are a society that's fat

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<v Speaker 1>and lazy because we're comfortable. We've gotten too comfortable. And

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<v Speaker 1>I think that, you know, the most successful people that

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<v Speaker 1>I know constantly put themselves in comfortable situations to progress forward,

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<v Speaker 1>because once life hits you in the face, you've already

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<v Speaker 1>been prepared for it. Right. I go to the gym

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<v Speaker 1>every day and destroy my body or go jump on

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<v Speaker 1>this mound and do double black diamonds. Not because I

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<v Speaker 1>necessarily enjoyed. Yes, I do, but I want to be uncomfortable.

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<v Speaker 1>When I did iron Man full time, I had no

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<v Speaker 1>reason to do an iron Man right other than the

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<v Speaker 1>fact that I want to push myself forward to do

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<v Speaker 1>something very hard. I think everyone needs to apply that

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<v Speaker 1>in their life and you'll get better. Yeah, something that

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<v Speaker 1>I've been thinking about a channel I might have sent

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<v Speaker 1>you to it. I've sent a bunch of people to it.

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<v Speaker 1>It's called Academy of Ideas on YouTube, and it's like

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<v Speaker 1>a philosophy channel, and kind of like what we were

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<v Speaker 1>talking about last night, how I always approach everything humbly

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<v Speaker 1>because if I can learn one thing, and sometimes it's

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<v Speaker 1>the same thing I've already heard, but it just hits

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<v Speaker 1>me different. And he had this episode where he said

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<v Speaker 1>that we should try to increase our power. And he

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<v Speaker 1>said not power as in like power and control over people,

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<v Speaker 1>but power over ourselves. And so we should always be

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<v Speaker 1>trying to increase our skill level, right, And he said that,

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<v Speaker 1>he said, what we want is a formidable opponent. So

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<v Speaker 1>I know you'd like to play pickaball for example, right,

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<v Speaker 1>you don't want to play with someone who's a beginner,

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<v Speaker 1>I can't hit the ball back. You want to play

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<v Speaker 1>someone who's at least as good as you, but probably

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<v Speaker 1>someone better than you because they make you better. So

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<v Speaker 1>you want a formidable opponent. And so if you're going

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<v Speaker 1>to go to the gym, you don't want lightweights. You

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<v Speaker 1>need heavier weights. You need a formidable opponent. And so

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<v Speaker 1>what I got from this, as I it's been a

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<v Speaker 1>couple weeks I've been thinking about this, is that in

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<v Speaker 1>life we need a formidable opponent. We need the pressure

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<v Speaker 1>to push back on us to make us go forward.

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<v Speaker 1>And so the paradigm shift that I got from that

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<v Speaker 1>piece of content was that rather than looking at adversity

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<v Speaker 1>and hardships as something negative, I can't believe I have

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<v Speaker 1>to deal with this. I can't believe things are so hard.

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<v Speaker 1>Why does it have to be like that? Instead, it's

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<v Speaker 1>a formidable opponent. Thank you that I have this opportunity

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<v Speaker 1>to push that heavyweight. Thank you that I have the

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<v Speaker 1>opportunity to play a pickaball person. Thank you that I

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<v Speaker 1>have this struggle, this problem that I have to figure

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<v Speaker 1>out how to get over, because it's going to make

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<v Speaker 1>me a better person, and without it, I'm only going

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<v Speaker 1>to become a worse person. And I think that's about people.

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<v Speaker 1>People are so afraid of pushing these boundaries for themselves

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<v Speaker 1>because inherently, our mind is always trying to keep us safe, right,

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<v Speaker 1>That's what the mind is designed to do, and comfort. Comfort.

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<v Speaker 1>It's designed for comfort because the mind was built in

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<v Speaker 1>a society that didn't have hotel rooms and heaters and

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<v Speaker 1>air conditioners and food at abundance. That's the way the

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<v Speaker 1>mind was originally engineered. But now that we live in

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<v Speaker 1>a state of abundance, we have to seek discomfort. We

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<v Speaker 1>have to go out of our way and seek discomfort

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<v Speaker 1>in our lives. That's why we go to the gym,

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<v Speaker 1>that's why we climb out, that's why we go into

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<v Speaker 1>an ice bath, that's why we progress and all these

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<v Speaker 1>things because you need to challenge the mind. The mind

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<v Speaker 1>is not challenged enough, I believe. Yeah, that's the thing

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<v Speaker 1>is and I think that's the concept, is that in

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<v Speaker 1>order to excel, we must seek discomfort. So that was

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<v Speaker 1>our little ran too. It's not where we want to go,

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<v Speaker 1>but it just kind of came in prompt you. But

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<v Speaker 1>I do want to bring something up because I put

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<v Speaker 1>this on my end Intagram yesterday, my story. If you're

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<v Speaker 1>not following on Instagram, you should just at one Mark

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<v Speaker 1>Moss check it out. What's yours? Justin? Justin Resvanni, Justin Revanni,

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<v Speaker 1>So check us out on Instagram. But I put this

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<v Speaker 1>on my story yesterday and it was a screen shot

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<v Speaker 1>that someone else I saw on Twitter, and it says,

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<v Speaker 1>if you make forty thousand per year and you spend

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<v Speaker 1>eighty five percent and you invest fifteen percent in index

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<v Speaker 1>fund that averages ten percent of return, after forty years,

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<v Speaker 1>you're going to have three million dollars. And I said,

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<v Speaker 1>this is the wrong way to think. I said, why

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<v Speaker 1>spend the next forty years of your life making forty

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<v Speaker 1>thousand a year? Like, really, I'm going to work in

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<v Speaker 1>a cubicle for forty years making forty grand, saving fifteen percent.

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<v Speaker 1>Why not invest in yourself? Why not learn high value

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<v Speaker 1>skills to learn how to make more money? It's never

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<v Speaker 1>been easier. If you're just tuning in, you're listening to

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<v Speaker 1>the Mark Mos show, we talk about the decentralized Revolution,

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<v Speaker 1>and I'm in the studio with Justin and Resvonni. We're

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<v Speaker 1>gonna talk about decentralized networks and three that are popped up,

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<v Speaker 1>including Zion in some other ones that Jack Dorsey just launched.

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<v Speaker 1>We're gonna be back in a minute. I take a

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<v Speaker 1>quick break. We're gonna talk more about that and show

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<v Speaker 1>you how you can use these in what they are.

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<v Speaker 1>So don't go away. We're gonna be right back in

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<v Speaker 1>a second. All right, welcome back. If you just tune in,

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<v Speaker 1>you are listening to the Mark Moss Show. Of course,

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<v Speaker 1>we talked about the decentralized revolutions here every week, and

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<v Speaker 1>I am coming to you from Jackson Hole, Wyoming. I'm

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<v Speaker 1>in studio with Justin Rezvani, the founder of Zion app

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<v Speaker 1>just launched version two, just launched about two weeks ago.

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<v Speaker 1>You should check it out. I'm building the community there.

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<v Speaker 1>You can be on my community there. Tony Robbins is

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<v Speaker 1>tweeting about it. I mean, come on, this is gonna

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<v Speaker 1>be really big. But anyway, I'm gonna just finish off

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<v Speaker 1>what we were talking about before and we'll get into

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<v Speaker 1>the decentralized networks. There's three that you should have on

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<v Speaker 1>you on your radar, and so anyway, but back to

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<v Speaker 1>this just for one second so I'd said before the

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<v Speaker 1>break this tweet that I saw, you know, if you're

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<v Speaker 1>making forty grand a year, and I'm just like, how

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<v Speaker 1>how ridiculous that? And you made the case. You said

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<v Speaker 1>something if you have the motivation. And one of my

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<v Speaker 1>favorite personal development gurus who I for a long time,

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<v Speaker 1>this guy Brian Tracy, who wrote a book called The

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<v Speaker 1>Psychology of Sales and talked about how if you want

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<v Speaker 1>to be a great salesperson in this book, he said,

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<v Speaker 1>you know, you can go learn all the information you

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<v Speaker 1>need is out there, he said, But if you have

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<v Speaker 1>no motivation, I'm sorry, there's no hope for you. And

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<v Speaker 1>me and my wife we still laugh about that line

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<v Speaker 1>today ten years later or twelve years later, But that's

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<v Speaker 1>the truth. If you have motivation, you can learn anything.

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<v Speaker 1>You can improve your life, you can increase your skills,

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<v Speaker 1>you can make more money. The very fact that other

0:10:31.200 --> 0:10:32.559
<v Speaker 1>people can do it means that you should able to

0:10:32.600 --> 0:10:35.439
<v Speaker 1>do it too, if you have the motivation for it. Right, absolutely,

0:10:35.440 --> 0:10:38.640
<v Speaker 1>and I think you need enough motivation to leave right.

0:10:38.720 --> 0:10:41.600
<v Speaker 1>I think what's happening in society also is that we're

0:10:41.640 --> 0:10:44.520
<v Speaker 1>in this comfort base layer. And this happens in relationships.

0:10:44.559 --> 0:10:48.559
<v Speaker 1>This happens in jobs where that the benefit of leaving

0:10:48.640 --> 0:10:52.040
<v Speaker 1>still hasn't counteracted to you. You You haven't realized that, Like, man,

0:10:52.080 --> 0:10:55.240
<v Speaker 1>if I leave, then go try something else. I don't

0:10:55.280 --> 0:10:58.240
<v Speaker 1>have enough motivation to do that. And sometimes people just

0:10:58.280 --> 0:10:59.920
<v Speaker 1>need to be pushed a little bit more to say,

0:11:00.040 --> 0:11:02.040
<v Speaker 1>you know what, this job is not fulfilling for me.

0:11:02.120 --> 0:11:04.920
<v Speaker 1>Let me go try something else. This relationship isn't perfect,

0:11:05.000 --> 0:11:07.360
<v Speaker 1>let me try something else. So you need that motivation

0:11:07.440 --> 0:11:09.319
<v Speaker 1>just to push you there to go to that next

0:11:09.400 --> 0:11:10.600
<v Speaker 1>layer and say, you know what, I'm going to take

0:11:10.640 --> 0:11:12.600
<v Speaker 1>a risk and go out. Yeah. Do you do ice

0:11:12.679 --> 0:11:16.360
<v Speaker 1>baths every day? Every day? So that's a that's a

0:11:16.400 --> 0:11:19.280
<v Speaker 1>big thing that's been getting popular. I mean, so a

0:11:19.320 --> 0:11:23.040
<v Speaker 1>story about ice bats is in twenty fourteen, I went

0:11:23.080 --> 0:11:25.040
<v Speaker 1>and bought a chess freezer and I filled it up

0:11:25.040 --> 0:11:26.840
<v Speaker 1>with water and I wired it in a way that

0:11:26.840 --> 0:11:28.720
<v Speaker 1>would be turned off only one hour of the day

0:11:29.000 --> 0:11:31.520
<v Speaker 1>I could unplug it. So this was before ice baths

0:11:31.520 --> 0:11:33.800
<v Speaker 1>were cool. I would wake up every morning at six am,

0:11:34.160 --> 0:11:36.160
<v Speaker 1>no matter the temperature, and I jump in that thing

0:11:36.200 --> 0:11:37.720
<v Speaker 1>to three to five minutes, and I like it was

0:11:37.720 --> 0:11:40.199
<v Speaker 1>a thing for me, not because I needed the motivation

0:11:40.240 --> 0:11:42.280
<v Speaker 1>to get into an ice bath was because it was

0:11:42.320 --> 0:11:44.640
<v Speaker 1>my mental state that so no matter what, at seven

0:11:44.679 --> 0:11:46.640
<v Speaker 1>in the morning, I'm gonna go in this thing, even

0:11:46.679 --> 0:11:49.640
<v Speaker 1>though I don't want to and I'm uncomfortable, but to

0:11:49.679 --> 0:11:51.560
<v Speaker 1>train the mind the reason why you need to go

0:11:51.559 --> 0:11:53.640
<v Speaker 1>in the ice bath because you don't want to exactly,

0:11:53.760 --> 0:11:56.320
<v Speaker 1>it's I don't, I don't. Just for disclaimer, I don't

0:11:56.320 --> 0:11:58.240
<v Speaker 1>do the ice bath. I love it. I mean I

0:11:58.280 --> 0:12:00.480
<v Speaker 1>love it. I mean on my Instagram you'll see like

0:12:00.520 --> 0:12:02.200
<v Speaker 1>I put people in ice bats that have never been

0:12:02.200 --> 0:12:04.280
<v Speaker 1>in there. There's videos with a bunch of my friends

0:12:04.280 --> 0:12:05.760
<v Speaker 1>have millions of views because they're like, this is the

0:12:05.760 --> 0:12:07.560
<v Speaker 1>first time they were in this. It was actually just

0:12:07.600 --> 0:12:09.600
<v Speaker 1>a chess freezer, like this was before it was cool.

0:12:10.000 --> 0:12:12.320
<v Speaker 1>And I was doing that since twenty fourteen. So yeah,

0:12:12.440 --> 0:12:15.400
<v Speaker 1>I know Tony Robbins, who again has been tweeting about

0:12:15.480 --> 0:12:18.360
<v Speaker 1>Zion app check it out Tony Robbins tweet Twitter or Zion.

0:12:19.120 --> 0:12:21.560
<v Speaker 1>But anyway, he I had seen him say he you know,

0:12:21.559 --> 0:12:23.400
<v Speaker 1>he has whatever fifteen houses around the world and he

0:12:23.400 --> 0:12:25.240
<v Speaker 1>has an ice bath every single one, and he said

0:12:25.280 --> 0:12:28.440
<v Speaker 1>something like, there's never been one single day that I

0:12:28.480 --> 0:12:30.319
<v Speaker 1>haven't tried to talk myself out of it. Of course,

0:12:30.520 --> 0:12:33.240
<v Speaker 1>never once your mind is saying, like, because there's no

0:12:33.320 --> 0:12:34.920
<v Speaker 1>reason for you to do this, because the mind is

0:12:34.960 --> 0:12:36.719
<v Speaker 1>saying this is uncomfortable. I don't want to do this.

0:12:37.000 --> 0:12:41.400
<v Speaker 1>But that's where greatness has created in the uncomfortable moments.

0:12:41.679 --> 0:12:43.959
<v Speaker 1>I'll never forget my first full distance iron Man. It's

0:12:44.000 --> 0:12:46.959
<v Speaker 1>mile eighteen. Imagine, I've been up for ten hours racing

0:12:47.559 --> 0:12:49.720
<v Speaker 1>and I don't want to finish these last six miles,

0:12:50.040 --> 0:12:52.240
<v Speaker 1>But those six miles will change the rest of my

0:12:52.280 --> 0:12:55.240
<v Speaker 1>life because it's the most uncomfortable thing to do when

0:12:55.280 --> 0:12:58.640
<v Speaker 1>you've been running, biking, swimming for ten hours and you

0:12:58.720 --> 0:13:00.920
<v Speaker 1>have to go for another two hours to finish, Like,

0:13:00.960 --> 0:13:02.800
<v Speaker 1>what am I doing here? What am I? And that's

0:13:02.800 --> 0:13:05.040
<v Speaker 1>when you train the mind to tell you who's in charge,

0:13:05.280 --> 0:13:07.640
<v Speaker 1>because the mind takes over and thinks that it's in charge,

0:13:07.679 --> 0:13:10.720
<v Speaker 1>but it's not. You are. Your consciousness is what decide

0:13:10.720 --> 0:13:12.520
<v Speaker 1>you're gonna do tomorrow. You're gonna jump at that ice bath,

0:13:12.559 --> 0:13:14.920
<v Speaker 1>You're gonna change your job, You're gonna leave that bad relationship.

0:13:14.960 --> 0:13:16.880
<v Speaker 1>Are you gonna progress your life forward? Because you have

0:13:16.960 --> 0:13:20.760
<v Speaker 1>one chance at this? Yeah? Yeah, So that the big

0:13:20.800 --> 0:13:23.400
<v Speaker 1>takeaway is that you have to do things that make

0:13:23.400 --> 0:13:26.480
<v Speaker 1>you uncomfortable. You have to seek discomfort, You have to

0:13:26.520 --> 0:13:28.160
<v Speaker 1>seek discomfort. And now we all seek comfort and we

0:13:28.200 --> 0:13:30.280
<v Speaker 1>want comfort and like, hey, you live a pretty comfortable

0:13:30.320 --> 0:13:32.480
<v Speaker 1>damn life, right, and so do I. But we do

0:13:32.559 --> 0:13:34.520
<v Speaker 1>things to take us out of that comfort zone from

0:13:34.559 --> 0:13:37.240
<v Speaker 1>time to time. So I ride my dirt bike for

0:13:37.280 --> 0:13:40.280
<v Speaker 1>eight days across the Mexican desert and full of danger, right,

0:13:40.400 --> 0:13:42.840
<v Speaker 1>Or I spend two days in the back country on

0:13:42.840 --> 0:13:47.400
<v Speaker 1>a motorcycle on a snowmobile bike, right, um, danger avalanches

0:13:47.520 --> 0:13:49.080
<v Speaker 1>or you could break down, you could die, right, And

0:13:49.080 --> 0:13:52.319
<v Speaker 1>it's like those things to like make us be alive. Right.

0:13:52.360 --> 0:13:56.160
<v Speaker 1>And also what it does, lets will transition this right.

0:13:56.200 --> 0:13:58.600
<v Speaker 1>And also what it does is then in back to

0:13:58.760 --> 0:14:01.160
<v Speaker 1>kind of making money forty times and all your job,

0:14:01.280 --> 0:14:03.360
<v Speaker 1>it gives you the power to try and comfortable things

0:14:03.400 --> 0:14:06.040
<v Speaker 1>in business. And so let's talk about that for a minute.

0:14:06.040 --> 0:14:11.120
<v Speaker 1>So you previously had a social media company. We had

0:14:11.160 --> 0:14:14.720
<v Speaker 1>an influencer marketing business and influencer marketing platform business. Yeah,

0:14:15.200 --> 0:14:17.720
<v Speaker 1>and so it was kind of built on technology and

0:14:17.800 --> 0:14:20.760
<v Speaker 1>social media a little bit and marketing influencer and ended

0:14:20.800 --> 0:14:23.320
<v Speaker 1>good with that. And then you had this idea to

0:14:23.320 --> 0:14:28.080
<v Speaker 1>create this decentralized network, which is much harder because it's

0:14:28.120 --> 0:14:32.360
<v Speaker 1>not essentially controlled thing now it's kind of depending on

0:14:32.920 --> 0:14:36.080
<v Speaker 1>decentralized creators building that. That sounds pretty hard. Yeah, it's

0:14:36.080 --> 0:14:39.720
<v Speaker 1>a very hard problem. It's a very difficult problem. But

0:14:39.920 --> 0:14:42.720
<v Speaker 1>I think my thing when I thought about this was

0:14:43.320 --> 0:14:45.840
<v Speaker 1>I kind of semi retired after I sold my last business.

0:14:45.880 --> 0:14:48.120
<v Speaker 1>I was like, you know, I have enough money to

0:14:48.120 --> 0:14:50.040
<v Speaker 1>like basically be fine for the rest of my life.

0:14:50.520 --> 0:14:53.120
<v Speaker 1>I'm not going to work anymore. But when I got like,

0:14:53.240 --> 0:14:55.160
<v Speaker 1>I had this brain thing, and I talked about that

0:14:55.160 --> 0:14:57.440
<v Speaker 1>in some other podcasts, and I was like, I got

0:14:57.440 --> 0:14:59.400
<v Speaker 1>to try a really hard problem, Like I want to

0:14:59.400 --> 0:15:01.800
<v Speaker 1>solve something very difficult. So I went and found one

0:15:01.800 --> 0:15:03.400
<v Speaker 1>of the hardest things I could solve, because there's already

0:15:03.400 --> 0:15:05.120
<v Speaker 1>some guy trying to go to Mars. Someone else is

0:15:05.120 --> 0:15:08.640
<v Speaker 1>building electric cars, Like, let me try to solve this problem.

0:15:08.680 --> 0:15:12.000
<v Speaker 1>Speaking about that off topic, but Elon Musk has had

0:15:12.040 --> 0:15:16.200
<v Speaker 1>like four or five billion dollar companies in the last

0:15:16.280 --> 0:15:19.560
<v Speaker 1>five I think pomp just said this in every five years.

0:15:19.720 --> 0:15:22.560
<v Speaker 1>For the past twenty years, he's built a billion dollar business.

0:15:22.840 --> 0:15:26.040
<v Speaker 1>No one's ever done that before, right, Like from PayPal

0:15:26.640 --> 0:15:29.720
<v Speaker 1>to Tesla, to SpaceX, to the boring company solar City.

0:15:30.400 --> 0:15:32.840
<v Speaker 1>I mean, he acquired solar City. But like those are

0:15:32.840 --> 0:15:38.400
<v Speaker 1>the four that's gangster. The dude is gangster. Yeah, So

0:15:38.440 --> 0:15:40.480
<v Speaker 1>I want to talk about the decentralized network. So of

0:15:40.560 --> 0:15:43.240
<v Speaker 1>course I talk about the decentralized revolution eation every week

0:15:43.280 --> 0:15:45.440
<v Speaker 1>and how the world is breaking apart, how we've gone

0:15:45.440 --> 0:15:48.960
<v Speaker 1>to the centralized world, a centralized world being a one

0:15:48.960 --> 0:15:52.360
<v Speaker 1>of global cooperation and global governance, but also all of

0:15:52.400 --> 0:15:55.520
<v Speaker 1>our institutions have become centralized. And so as someone who's

0:15:55.560 --> 0:15:58.160
<v Speaker 1>been on the Internet since the early days, it started

0:15:58.240 --> 0:16:01.120
<v Speaker 1>very decentralized, but then it became very centralize where everything

0:16:01.240 --> 0:16:04.480
<v Speaker 1>basically got controlled by Google and Facebook, etc. And now

0:16:04.480 --> 0:16:07.000
<v Speaker 1>we've seen the problems that come from that, right, so

0:16:07.040 --> 0:16:10.320
<v Speaker 1>now we've seen them misuse our data and censor us

0:16:10.360 --> 0:16:12.640
<v Speaker 1>and all those types of things. And I talk about

0:16:12.640 --> 0:16:15.360
<v Speaker 1>the decentralized revolution, how the world is breaking apart. So

0:16:15.640 --> 0:16:20.160
<v Speaker 1>no more global homogeny, no more global US dollar reserve system,

0:16:20.160 --> 0:16:23.560
<v Speaker 1>but even our infrastructure we use, our messaging platforms and

0:16:23.560 --> 0:16:25.480
<v Speaker 1>stuff is starting to get decentralized. I mean, is that

0:16:25.520 --> 0:16:27.320
<v Speaker 1>sort of the revolution that you see within that space?

0:16:27.440 --> 0:16:30.360
<v Speaker 1>Absolutely and I think we need to think about decentralization

0:16:30.440 --> 0:16:33.840
<v Speaker 1>in three aspects. First is how do you decentralize your

0:16:33.960 --> 0:16:37.280
<v Speaker 1>authorization or identity online? The next thing is how do

0:16:37.320 --> 0:16:40.840
<v Speaker 1>you think about decent decentralizing how messages are pushed out

0:16:40.880 --> 0:16:43.240
<v Speaker 1>to many people? And the final pieces, how do you

0:16:43.240 --> 0:16:46.040
<v Speaker 1>decentralize the money. Because these are the three elements that

0:16:46.080 --> 0:16:48.320
<v Speaker 1>are required to truly build a network. You can't just

0:16:48.360 --> 0:16:49.920
<v Speaker 1>have one of the pieces. You You can't just have

0:16:50.120 --> 0:16:54.600
<v Speaker 1>decentralized identity without decentralized payments. You also can't have decentralized

0:16:55.040 --> 0:16:58.360
<v Speaker 1>messaging without an identity on top of that service. And

0:16:58.360 --> 0:16:59.960
<v Speaker 1>then you can't have data storage. So you have to

0:17:00.080 --> 0:17:02.920
<v Speaker 1>think about these problems I think in three prongs. Okay,

0:17:03.520 --> 0:17:06.800
<v Speaker 1>now those are not the problems, those are the solutions

0:17:06.840 --> 0:17:12.439
<v Speaker 1>to problems. I want to find out why should anybody care? So, like,

0:17:12.600 --> 0:17:16.440
<v Speaker 1>we have good messaging apps or payment apps, all those

0:17:16.440 --> 0:17:18.520
<v Speaker 1>things that you said, and we have those. Those are

0:17:18.560 --> 0:17:21.240
<v Speaker 1>centralized solutions. So we obviously have Facebook, and we obviously

0:17:21.240 --> 0:17:23.080
<v Speaker 1>have Twitter, and we obviously have cash app et cetera.

0:17:23.600 --> 0:17:25.080
<v Speaker 1>So I want to I want to talk more about

0:17:25.080 --> 0:17:28.720
<v Speaker 1>the inherent problems with those and then how decentralized apps

0:17:28.720 --> 0:17:32.359
<v Speaker 1>like Zion, like blue Sky could help solve that. So

0:17:32.359 --> 0:17:33.480
<v Speaker 1>I want to come back to that in a second.

0:17:33.480 --> 0:17:34.760
<v Speaker 1>If you're just tune in, you're listening to the Mark

0:17:34.800 --> 0:17:37.840
<v Speaker 1>Moss Show. I'm sitting down with Justin Risvani. We are

0:17:38.119 --> 0:17:42.640
<v Speaker 1>live in Wyoming, Jackson, Hawyoming at the Bitcoin ski Week conference.

0:17:42.840 --> 0:17:45.320
<v Speaker 1>We're not gonna come back. We're gonna talk about, like

0:17:45.359 --> 0:17:48.240
<v Speaker 1>I said, the problems from these centralized networks and how

0:17:48.320 --> 0:17:50.119
<v Speaker 1>there are solutions to those. We'll be back in a minute.

0:17:50.240 --> 0:17:51.960
<v Speaker 1>Don't go away, We're gonna be right back in a second.

0:17:53.240 --> 0:17:54.800
<v Speaker 1>All right, welcome back. If you just tune in, you

0:17:54.800 --> 0:17:57.720
<v Speaker 1>are listening to the Mark Moss Show talking about the

0:17:57.800 --> 0:18:00.520
<v Speaker 1>decentralized revolution. Like each and every week, I'm sitting down

0:18:00.560 --> 0:18:03.440
<v Speaker 1>with Justin Rosvani. We are coming to you from Jackson Whole, Wyoming,

0:18:03.560 --> 0:18:06.680
<v Speaker 1>in between some powder runs and some meetings and things

0:18:06.680 --> 0:18:08.400
<v Speaker 1>like that. It's been an amazing week. But we're talking

0:18:08.400 --> 0:18:12.960
<v Speaker 1>about decentralized networks, and so you were talking about the problems.

0:18:12.960 --> 0:18:15.480
<v Speaker 1>What you're talking about the problems and solving the problem. Sure,

0:18:15.560 --> 0:18:17.720
<v Speaker 1>so let's talk about the actual problems we're trying to solve.

0:18:17.920 --> 0:18:23.640
<v Speaker 1>So you mentioned messaging, you mentioned payments, and you mentioned ID. Yeah,

0:18:23.800 --> 0:18:25.880
<v Speaker 1>which one should we start with? Ident I think identity

0:18:25.960 --> 0:18:28.760
<v Speaker 1>is a good one to start because imagine we have

0:18:28.920 --> 0:18:31.480
<v Speaker 1>one point five billion people in the world that use

0:18:31.680 --> 0:18:34.880
<v Speaker 1>a centralized Gmail account to log into everything on the internet.

0:18:35.160 --> 0:18:37.360
<v Speaker 1>It probably use it to log into their bank account.

0:18:37.760 --> 0:18:39.720
<v Speaker 1>Is the user name of their bank accounts probably a

0:18:39.760 --> 0:18:42.560
<v Speaker 1>Gmail address. They called that like an sso I think, right,

0:18:42.640 --> 0:18:45.160
<v Speaker 1>single single sign on, So you can log into most

0:18:45.480 --> 0:18:48.400
<v Speaker 1>a lot of websites with either a Google or Facebook ID. Right.

0:18:48.640 --> 0:18:50.840
<v Speaker 1>But but I think the inherent problem with that is

0:18:50.840 --> 0:18:54.240
<v Speaker 1>like Google owns that ID, not you, and they everything

0:18:54.520 --> 0:18:57.840
<v Speaker 1>revolving around how the ID is managed is done in

0:18:57.880 --> 0:19:00.719
<v Speaker 1>a centralized way by Google, which means that everything you

0:19:00.760 --> 0:19:04.200
<v Speaker 1>log into with that address, they own the data too.

0:19:04.920 --> 0:19:07.200
<v Speaker 1>They know the websites, they know how it was authorized,

0:19:07.240 --> 0:19:09.280
<v Speaker 1>they know where it is. And this is the inherent

0:19:09.320 --> 0:19:12.280
<v Speaker 1>power of the data that Google has. So I believe

0:19:12.320 --> 0:19:16.439
<v Speaker 1>that there's an opportunity to actually decentralize the identity and

0:19:16.480 --> 0:19:18.359
<v Speaker 1>like own it for the first time on the web.

0:19:18.560 --> 0:19:21.040
<v Speaker 1>But let's before we talk about the solution to that problem.

0:19:21.040 --> 0:19:23.960
<v Speaker 1>The problem is then if Google, if I say something

0:19:24.000 --> 0:19:26.320
<v Speaker 1>mean online, they don't, like they could shut off my

0:19:27.520 --> 0:19:30.359
<v Speaker 1>account and then all those websites that I had access

0:19:30.400 --> 0:19:32.320
<v Speaker 1>to with my Google Google account has now gone Yeah.

0:19:32.359 --> 0:19:35.119
<v Speaker 1>Like like, what was really interesting I think yesterday was

0:19:35.840 --> 0:19:40.359
<v Speaker 1>Slack ban libs of TikTok's Slack account. Wow, they're like

0:19:40.440 --> 0:19:42.840
<v Speaker 1>they're like Seth Seth, the founder of the Babylon Be

0:19:42.960 --> 0:19:45.560
<v Speaker 1>tweeted this out. It's like, well, so this this messaging

0:19:45.600 --> 0:19:49.080
<v Speaker 1>service can ban companies from using their technology. I get

0:19:49.080 --> 0:19:51.959
<v Speaker 1>that it's fine, but that's like where we're at now, right,

0:19:52.040 --> 0:19:55.520
<v Speaker 1>Like a Twitter account that basically just share stuff, like

0:19:55.600 --> 0:19:58.920
<v Speaker 1>they don't produce any content, they just reshare stuff is

0:19:58.960 --> 0:20:01.440
<v Speaker 1>banned from Slack. So the thing that they were using

0:20:01.480 --> 0:20:04.920
<v Speaker 1>to conduct to conduct business, they're now banned off of. Yeah,

0:20:04.960 --> 0:20:09.200
<v Speaker 1>so that's the that's the inherent problem with centralized networks.

0:20:08.960 --> 0:20:10.879
<v Speaker 1>The one thing I'd like to keep in mind is

0:20:10.920 --> 0:20:14.720
<v Speaker 1>that while some of what you see is like extreme cases,

0:20:16.000 --> 0:20:17.920
<v Speaker 1>at some point it may not be so extreme. The

0:20:17.920 --> 0:20:20.359
<v Speaker 1>world is more polarized than ever before. So like, no

0:20:20.400 --> 0:20:22.560
<v Speaker 1>matter which side of an argument you're on, there's someone

0:20:22.600 --> 0:20:25.280
<v Speaker 1>on the other side. Absolutely your pro life, someone's pro choice.

0:20:25.320 --> 0:20:28.480
<v Speaker 1>You're a Republican someone's democrat, you're like liberal, someone's conservative,

0:20:28.520 --> 0:20:30.360
<v Speaker 1>Like someone's always gonna be on the side. And so

0:20:30.720 --> 0:20:32.439
<v Speaker 1>a lot of times you have to think about like,

0:20:32.480 --> 0:20:35.200
<v Speaker 1>even though you may think, oh that's good, I'm glad

0:20:35.240 --> 0:20:37.720
<v Speaker 1>they shut down, there's a tiptok well they're probably coming

0:20:37.720 --> 0:20:40.720
<v Speaker 1>for you next. Yeah, right, and that's the problem. Okay,

0:20:40.720 --> 0:20:43.520
<v Speaker 1>So so then the ID and then so if someone

0:20:43.520 --> 0:20:46.800
<v Speaker 1>could shut my ID off, they can deperson me. Yeah,

0:20:46.840 --> 0:20:49.840
<v Speaker 1>basically you can no longer log into all those services

0:20:49.880 --> 0:20:52.119
<v Speaker 1>that you were trying to log into, because what happens

0:20:52.119 --> 0:20:54.359
<v Speaker 1>when you hit that forgot password button? Where does it go?

0:20:55.320 --> 0:20:58.080
<v Speaker 1>Your email? Where's who? O's that email? They do exactly

0:20:58.200 --> 0:21:03.480
<v Speaker 1>all of these roads, interestingly, lead to this one service

0:21:03.600 --> 0:21:06.000
<v Speaker 1>for one point five billion people around the world. And

0:21:06.000 --> 0:21:07.800
<v Speaker 1>then let's talk about the payments piece. So then the

0:21:07.800 --> 0:21:11.480
<v Speaker 1>payments piece is, well, we can move money around. I

0:21:11.520 --> 0:21:13.640
<v Speaker 1>can send you money, you know you can. You can

0:21:13.680 --> 0:21:16.160
<v Speaker 1>have a credit card processing account because my credit card,

0:21:16.280 --> 0:21:18.800
<v Speaker 1>or I could use a PayPal But now we see

0:21:18.840 --> 0:21:21.200
<v Speaker 1>like PayPal is taking twenty five hundred dollars out of

0:21:21.240 --> 0:21:23.920
<v Speaker 1>people's accounts if they say something mean online. Yeah, they've

0:21:23.960 --> 0:21:26.280
<v Speaker 1>worked with the Anti Defamation League to create a blacklist

0:21:26.359 --> 0:21:29.160
<v Speaker 1>of all these accounts that should be banned for making payments. So, um,

0:21:30.000 --> 0:21:33.160
<v Speaker 1>if you know, if only fans I believe had their

0:21:33.160 --> 0:21:35.160
<v Speaker 1>credit card account turned off or something like that. Right,

0:21:35.200 --> 0:21:38.880
<v Speaker 1>So it's like, um, back to the same censorship problem.

0:21:38.920 --> 0:21:41.919
<v Speaker 1>If I'm doing something they whoever they are, don't like,

0:21:42.280 --> 0:21:45.280
<v Speaker 1>they take away my ability to transact sure and the

0:21:45.359 --> 0:21:49.280
<v Speaker 1>ability to move value across the web. And remember some

0:21:49.320 --> 0:21:52.760
<v Speaker 1>of these companies, like you mentioned only fans the payment

0:21:52.920 --> 0:21:56.920
<v Speaker 1>from the creator or the fan to the creator. Even

0:21:56.960 --> 0:22:00.359
<v Speaker 1>on a Patreon for example, there's like six companies knees

0:22:00.640 --> 0:22:04.880
<v Speaker 1>in between that transaction because there's like the credit card company,

0:22:05.760 --> 0:22:09.000
<v Speaker 1>the credit card processor different than the credit card by

0:22:09.040 --> 0:22:13.160
<v Speaker 1>the way, the website that hosts each of those companies,

0:22:13.200 --> 0:22:16.960
<v Speaker 1>because the processor needs a server to run on. Then

0:22:17.520 --> 0:22:20.480
<v Speaker 1>the credit card, and then the bank. The bank, like

0:22:20.720 --> 0:22:24.560
<v Speaker 1>all of these things are arbiters and kind of centralized

0:22:24.560 --> 0:22:26.840
<v Speaker 1>authorities that take a little piece along the way. They

0:22:26.840 --> 0:22:28.919
<v Speaker 1>all take a fee, and they all could censor you

0:22:28.960 --> 0:22:31.120
<v Speaker 1>one hundred percent of one decides that we don't only

0:22:31.320 --> 0:22:33.680
<v Speaker 1>want to do this is and I don't think people

0:22:33.680 --> 0:22:37.159
<v Speaker 1>will realize how centralized the money system really is. Like

0:22:37.600 --> 0:22:41.919
<v Speaker 1>we run on visa rails or MasterCard rails or swift rails, like,

0:22:41.920 --> 0:22:45.840
<v Speaker 1>we use all these systems, and they're highly complex and

0:22:45.920 --> 0:22:48.600
<v Speaker 1>highly centralized. And the point that I always like to make,

0:22:48.640 --> 0:22:50.200
<v Speaker 1>and you've probably heard me say it a bunch of times,

0:22:50.240 --> 0:22:54.960
<v Speaker 1>is that without the freedom to transact, there is no freedom.

0:22:55.680 --> 0:22:59.560
<v Speaker 1>That's it. Yeah. So even though in America we're guaranteed

0:23:00.000 --> 0:23:02.760
<v Speaker 1>freedoms through the Constitution, like freedom of assembly, your freedom

0:23:02.800 --> 0:23:05.560
<v Speaker 1>of speech, if I can't put gas in my truck

0:23:05.560 --> 0:23:09.120
<v Speaker 1>to drive to the assembly, I can't assemble, right, Um,

0:23:09.160 --> 0:23:11.399
<v Speaker 1>If I can't, if I can't pay for a computer

0:23:11.520 --> 0:23:13.560
<v Speaker 1>or phone to go on social media, I have no speech.

0:23:14.240 --> 0:23:18.040
<v Speaker 1>And so it all freedoms come from the ability to transact,

0:23:18.480 --> 0:23:20.480
<v Speaker 1>and so that that's like the most important one. And

0:23:20.520 --> 0:23:23.960
<v Speaker 1>then so you said I d you said, uh, payments,

0:23:23.960 --> 0:23:26.080
<v Speaker 1>and then you said messaging, messaging and data storage. I

0:23:26.080 --> 0:23:28.640
<v Speaker 1>would I would put them together because it's effectively how

0:23:28.800 --> 0:23:33.119
<v Speaker 1>is this message moved across devices on the web and

0:23:33.160 --> 0:23:36.840
<v Speaker 1>then more particularly, where is it stored when that happens? Okay,

0:23:37.640 --> 0:23:40.800
<v Speaker 1>So then messaging, So again back to you know, accounts

0:23:40.800 --> 0:23:44.280
<v Speaker 1>being banned on Twitter, right, Facebook shutting down accounts when

0:23:44.520 --> 0:23:47.840
<v Speaker 1>when Um, there's two topics that I can't talk about

0:23:47.880 --> 0:23:49.760
<v Speaker 1>on YouTube that I just try and stay super clear

0:23:49.920 --> 0:23:53.000
<v Speaker 1>away from. And one was the elections, and the second

0:23:53.160 --> 0:23:56.280
<v Speaker 1>was the pandemic and the medicine and all that which

0:23:56.320 --> 0:23:58.480
<v Speaker 1>I can't even use that real word um, And so

0:23:58.520 --> 0:24:00.440
<v Speaker 1>I wouldn't stay say those things. When when they first

0:24:00.440 --> 0:24:03.640
<v Speaker 1>started cracking down on the whole election thing, eight thousand

0:24:03.680 --> 0:24:07.359
<v Speaker 1>accounts on YouTube were shut down within a week. So

0:24:07.480 --> 0:24:10.640
<v Speaker 1>that's the messaging. So again, when you don't own your messaging,

0:24:10.720 --> 0:24:14.119
<v Speaker 1>you're on somebody else's platform, then they have the ability

0:24:14.160 --> 0:24:16.480
<v Speaker 1>to censor what you say. And these are we have

0:24:16.520 --> 0:24:19.600
<v Speaker 1>to remember that all of these systems are just waled gardens,

0:24:20.080 --> 0:24:23.399
<v Speaker 1>right like Twitter is a waled garden, Facebook is a

0:24:23.440 --> 0:24:26.280
<v Speaker 1>walled garden. YouTube and Google are all the war garden.

0:24:26.320 --> 0:24:29.840
<v Speaker 1>They're all separately, and they can all separately decide do

0:24:29.920 --> 0:24:32.920
<v Speaker 1>the messages are they even allowed to be sent within

0:24:32.960 --> 0:24:37.160
<v Speaker 1>their own private networks? Even in the dms. Everything I've

0:24:37.160 --> 0:24:39.320
<v Speaker 1>had dms get rejected where I can't send a link

0:24:39.400 --> 0:24:41.520
<v Speaker 1>or I can't send whatever even in a DM. I mean,

0:24:41.560 --> 0:24:43.560
<v Speaker 1>something that's interesting to me is like we've gone to

0:24:43.600 --> 0:24:46.720
<v Speaker 1>a place where hundreds of millions, Like there's a guy,

0:24:47.160 --> 0:24:49.240
<v Speaker 1>the guy we just talked about, can basically go look

0:24:49.280 --> 0:24:51.639
<v Speaker 1>at every DM we've ever sent to somebody else, and that,

0:24:51.720 --> 0:24:55.240
<v Speaker 1>to me, that's gangster. That's crazy. Like he can look

0:24:55.280 --> 0:24:58.359
<v Speaker 1>at him bad for potentially good for him, bad for

0:24:58.400 --> 0:25:01.480
<v Speaker 1>everybody else. And everyone says, oh no, you can read everything.

0:25:01.680 --> 0:25:04.480
<v Speaker 1>This is not nothing's encrypted and their data. Like I

0:25:04.480 --> 0:25:07.320
<v Speaker 1>think what people forget about these systems is like the

0:25:07.720 --> 0:25:12.400
<v Speaker 1>language of my Instagram, my Twitter, my Facebook, my YouTube,

0:25:12.680 --> 0:25:16.200
<v Speaker 1>it's actually not your anything. It's your log in that

0:25:16.240 --> 0:25:19.280
<v Speaker 1>they can do whatever they want with and you pray

0:25:19.320 --> 0:25:22.760
<v Speaker 1>that they get your stuff out. Yeah, and even when

0:25:22.800 --> 0:25:26.200
<v Speaker 1>you're using privacy apps like Signal or Telegram, it's still

0:25:26.280 --> 0:25:30.440
<v Speaker 1>going through their server, which whatever they good guy double

0:25:30.520 --> 0:25:32.919
<v Speaker 1>pinky swear promise not to do anything with it, but

0:25:32.960 --> 0:25:36.320
<v Speaker 1>it's they're going through their server. Okay, so let's talk

0:25:36.359 --> 0:25:38.879
<v Speaker 1>about So those are the problems. Now, I'll let you

0:25:38.960 --> 0:25:41.920
<v Speaker 1>kind of think about how those problems could maybe apply

0:25:41.960 --> 0:25:45.040
<v Speaker 1>to your life at some point. Remember, I think adversarial, like,

0:25:45.040 --> 0:25:46.240
<v Speaker 1>there's always gonna be some on of the other side

0:25:46.240 --> 0:25:48.199
<v Speaker 1>of equations. So let's talk about some of the solutions

0:25:49.600 --> 0:25:52.240
<v Speaker 1>to those problems. So should we start back at the top,

0:25:52.280 --> 0:25:55.040
<v Speaker 1>which is I D sure? I mean, I think that

0:25:55.440 --> 0:25:58.840
<v Speaker 1>one of the potential things that we're working on is

0:25:58.840 --> 0:26:01.239
<v Speaker 1>this concept of a D I D right. So it's

0:26:01.280 --> 0:26:05.800
<v Speaker 1>a decentralized identifier that you own through this set of

0:26:05.800 --> 0:26:07.720
<v Speaker 1>a private key. Like for example, if you go to

0:26:07.720 --> 0:26:10.240
<v Speaker 1>a Zion dot fyi and you create an account on Zion,

0:26:10.480 --> 0:26:13.360
<v Speaker 1>which you should do, which you should do. We're not

0:26:13.640 --> 0:26:15.960
<v Speaker 1>creating an account on a database for you. What we're

0:26:15.960 --> 0:26:19.240
<v Speaker 1>doing is we're assigning you twelve words. This is your

0:26:19.240 --> 0:26:22.119
<v Speaker 1>private key, encrypted by these twelve words, and then we

0:26:22.160 --> 0:26:25.720
<v Speaker 1>assign you a DID A did. Is this decentralized identifier

0:26:25.760 --> 0:26:28.440
<v Speaker 1>that you own? Then we take that ID. Why is

0:26:28.440 --> 0:26:33.240
<v Speaker 1>it decentralized because it's not sitting on a server that's

0:26:33.280 --> 0:26:36.240
<v Speaker 1>owned by Zion. It's actually held on the bitcoin block chain.

0:26:36.359 --> 0:26:40.399
<v Speaker 1>So it's not holding like Facebook server or Twitter servers. Yeah, exactly,

0:26:40.440 --> 0:26:43.320
<v Speaker 1>It's held on the Bitcoin block change and nobody controls

0:26:43.400 --> 0:26:47.440
<v Speaker 1>or has access or exactly. So now now the Registar,

0:26:47.840 --> 0:26:51.679
<v Speaker 1>the database that holds the identity, is the most secure

0:26:51.720 --> 0:26:54.280
<v Speaker 1>immutable thing ever created. And now if we have this

0:26:54.440 --> 0:26:58.679
<v Speaker 1>interoperable ID, that's where we see the big opportunities, This

0:26:58.760 --> 0:27:02.120
<v Speaker 1>interoperable idea that can long into many applications because it's

0:27:02.119 --> 0:27:04.399
<v Speaker 1>not another world garden. Yeah, this is exciting. This is

0:27:04.440 --> 0:27:06.399
<v Speaker 1>where we get into really exciting stuff thinking about the

0:27:06.440 --> 0:27:08.240
<v Speaker 1>future because we have a new set of building blocks

0:27:08.280 --> 0:27:10.440
<v Speaker 1>to build new things. We're gonna talk more about that

0:27:10.480 --> 0:27:12.040
<v Speaker 1>in a minute. If you're just tune in, you're listening

0:27:12.080 --> 0:27:15.399
<v Speaker 1>to the Mark Moss Show talking with Justin Risvoni, the

0:27:15.400 --> 0:27:18.400
<v Speaker 1>founder of Zion dot fyi. You should check it out.

0:27:18.600 --> 0:27:19.920
<v Speaker 1>We're gonna come back in a minute and talk to

0:27:19.960 --> 0:27:22.080
<v Speaker 1>you more about these decentralized networks, a couple of them

0:27:22.160 --> 0:27:24.360
<v Speaker 1>out there, how you can use them. So don't go away,

0:27:24.400 --> 0:27:30.560
<v Speaker 1>we'll be right back with more. All right, welcome back.

0:27:30.560 --> 0:27:32.119
<v Speaker 1>If you're just tune in, you are listening to the

0:27:32.160 --> 0:27:34.960
<v Speaker 1>Mark Moss Show, and I'm sitting down with Justin Risvoni,

0:27:35.040 --> 0:27:37.560
<v Speaker 1>the founder of Zion. You can check them out at

0:27:37.640 --> 0:27:41.320
<v Speaker 1>Zion dot fyi. And we're coming to you from Jackson Whole,

0:27:41.320 --> 0:27:44.640
<v Speaker 1>Wyoming beautiful Jackson Hole and taking just a long enough

0:27:44.680 --> 0:27:47.240
<v Speaker 1>break to take a break from the snow to come

0:27:47.240 --> 0:27:49.120
<v Speaker 1>talk to you for a second. But we're talking about

0:27:49.160 --> 0:27:52.680
<v Speaker 1>we've we've been framing up some of the problems and

0:27:52.960 --> 0:27:55.320
<v Speaker 1>we're talking about some of the solutions. If you've missed

0:27:55.320 --> 0:27:56.840
<v Speaker 1>any of this, check it out on the podcast just

0:27:56.840 --> 0:27:58.720
<v Speaker 1>search the Mark Moss Show in any of your favorite

0:27:58.720 --> 0:28:02.520
<v Speaker 1>podcast players, or on the Market Disruptors YouTube channel. Now

0:28:03.680 --> 0:28:06.560
<v Speaker 1>back to so the d ID. It allows me to

0:28:06.600 --> 0:28:08.880
<v Speaker 1>control my ID. So instead of signing in with Google

0:28:08.960 --> 0:28:11.159
<v Speaker 1>or Facebook where they could shut me off, now I

0:28:11.240 --> 0:28:14.119
<v Speaker 1>control it and nobody can shut it down. And most importantly,

0:28:14.240 --> 0:28:16.760
<v Speaker 1>you can log into many things because of this, Once

0:28:16.880 --> 0:28:20.240
<v Speaker 1>applications realize like I don't have to build my own

0:28:20.320 --> 0:28:23.159
<v Speaker 1>authorization server and I can use this open one, it

0:28:23.160 --> 0:28:25.399
<v Speaker 1>actually makes it easier for developers to now use this

0:28:25.440 --> 0:28:28.840
<v Speaker 1>inherent an ID. You have one log into many applications. Right,

0:28:29.000 --> 0:28:32.240
<v Speaker 1>That's the beauty of this idea of decentralized identification, and

0:28:33.119 --> 0:28:34.440
<v Speaker 1>just not I don't want to spend a lot of

0:28:34.480 --> 0:28:37.119
<v Speaker 1>time here, but just to think about the future implications

0:28:37.240 --> 0:28:40.680
<v Speaker 1>of this. Talking with Daniel, one of one of the

0:28:40.720 --> 0:28:43.320
<v Speaker 1>developers of this, you know, he was talking about I think, like,

0:28:44.080 --> 0:28:46.200
<v Speaker 1>you know, he gave me the analogy of like if

0:28:46.240 --> 0:28:48.200
<v Speaker 1>I had to change my mailing address and I have

0:28:48.200 --> 0:28:50.720
<v Speaker 1>to notify however, many hundreds of people, and like still

0:28:50.800 --> 0:28:52.960
<v Speaker 1>mail goes to the wrong place. But imagine if every

0:28:52.960 --> 0:28:56.280
<v Speaker 1>time someone to send me something a Christmas card or

0:28:56.320 --> 0:28:58.520
<v Speaker 1>a package, they would just ping my did and it

0:28:58.520 --> 0:29:00.920
<v Speaker 1>would tell them where to send it exactly. That's that's

0:29:00.920 --> 0:29:05.160
<v Speaker 1>why this interoperable identifier that's on the web is really exciting.

0:29:05.160 --> 0:29:07.360
<v Speaker 1>And by the way, this is not something we've made

0:29:07.440 --> 0:29:10.560
<v Speaker 1>up a few months ago. There's a there's a there's

0:29:10.560 --> 0:29:14.280
<v Speaker 1>a group called the W three C, the Worldwide Consortium.

0:29:14.360 --> 0:29:16.760
<v Speaker 1>This is this is who sets all the standards for

0:29:16.800 --> 0:29:20.360
<v Speaker 1>the Internet. That's what made the Internet. Basically. They added

0:29:20.440 --> 0:29:24.240
<v Speaker 1>in July that the new way to identify a user

0:29:24.320 --> 0:29:26.840
<v Speaker 1>on the Internet is through a d I D. So

0:29:26.920 --> 0:29:29.160
<v Speaker 1>this is not something that like Zion has made up

0:29:29.280 --> 0:29:33.360
<v Speaker 1>or it's it's actually now become this interoperable standard for

0:29:33.440 --> 0:29:36.600
<v Speaker 1>the web as important as email. And I think this

0:29:36.680 --> 0:29:38.480
<v Speaker 1>is going to be something really really big that we're

0:29:38.480 --> 0:29:39.680
<v Speaker 1>going to see in the next couple of years that

0:29:39.680 --> 0:29:43.120
<v Speaker 1>everyone is using. Yeah, I think it's amazing. I think,

0:29:43.480 --> 0:29:46.800
<v Speaker 1>like I said, the way that I think about technology

0:29:46.840 --> 0:29:48.720
<v Speaker 1>and try to extrapolate where it goes in the future

0:29:48.840 --> 0:29:51.720
<v Speaker 1>is that we have a new set of building blocks.

0:29:52.240 --> 0:29:54.160
<v Speaker 1>So if I handed you a deck of cards, you

0:29:54.160 --> 0:29:56.400
<v Speaker 1>could build me like a TP or like a little

0:29:56.520 --> 0:29:58.520
<v Speaker 1>house of cards. Right if I gave you a set

0:29:58.520 --> 0:30:02.040
<v Speaker 1>of legos, you build something different. So like steel was

0:30:02.080 --> 0:30:05.840
<v Speaker 1>one of the technological revolutions. It was the third technological revolution,

0:30:06.400 --> 0:30:09.760
<v Speaker 1>and it allowed us to build all our buildings and bridges.

0:30:09.880 --> 0:30:12.440
<v Speaker 1>That was cool. We didn't know that we'd have space

0:30:12.440 --> 0:30:15.800
<v Speaker 1>shuttles one day. But with that new set of building blocks,

0:30:15.800 --> 0:30:17.880
<v Speaker 1>we were able to build new things. And the Bitcoin,

0:30:18.000 --> 0:30:22.080
<v Speaker 1>the bitcoin blockchain, like the first killer application, is obviously money,

0:30:23.120 --> 0:30:25.280
<v Speaker 1>but it's given us a new set of building blocks

0:30:25.320 --> 0:30:26.959
<v Speaker 1>that allows us to build new things that we don't know.

0:30:27.120 --> 0:30:29.840
<v Speaker 1>And one is like a decentralized ID for example. Of course,

0:30:29.960 --> 0:30:31.960
<v Speaker 1>now let's talk about some of these decentralized networks. So

0:30:32.920 --> 0:30:36.160
<v Speaker 1>Jack Dorsey, the founder of Twitter, he left Twitter and

0:30:37.000 --> 0:30:38.440
<v Speaker 1>he said that he wants to focus the rest of

0:30:38.440 --> 0:30:42.360
<v Speaker 1>his life on bitcoin. He's launched a new version, a

0:30:42.440 --> 0:30:44.800
<v Speaker 1>decentralized version of Twitter, which he started working on when

0:30:44.800 --> 0:30:46.800
<v Speaker 1>he was still at Twitter, and it's called Blue Sky.

0:30:46.840 --> 0:30:50.200
<v Speaker 1>It's in beta. I don't have access to it right now.

0:30:50.400 --> 0:30:52.040
<v Speaker 1>It's like a new version of Twitter. But there's there's

0:30:52.040 --> 0:30:53.960
<v Speaker 1>a lot of social media is a very generic term,

0:30:54.240 --> 0:30:58.800
<v Speaker 1>and so there's different types of social media network. So Twitter,

0:30:58.920 --> 0:31:01.440
<v Speaker 1>for example, I can make a post, people can comment

0:31:01.440 --> 0:31:04.640
<v Speaker 1>on it. Facebook, you know, has more like the same

0:31:04.680 --> 0:31:07.560
<v Speaker 1>but also as like groups. YouTube obviously is just kind

0:31:07.560 --> 0:31:10.120
<v Speaker 1>of videos, right, So there's different types. So you have

0:31:10.200 --> 0:31:14.520
<v Speaker 1>Jack Dorsey's this new Blue Sky, you have Nostre, which

0:31:14.560 --> 0:31:18.160
<v Speaker 1>is now kind of like this decentralized Twitter almost as well.

0:31:18.680 --> 0:31:20.920
<v Speaker 1>And then Zion is in sort of like a different

0:31:20.960 --> 0:31:24.560
<v Speaker 1>category where it's more about like communities, where like I'm

0:31:24.600 --> 0:31:26.320
<v Speaker 1>building the Mark Moss community by the way, so check

0:31:26.360 --> 0:31:28.160
<v Speaker 1>it out. Download Zion dot fi and I'm gonna be

0:31:28.160 --> 0:31:30.200
<v Speaker 1>building my community there. But I can actually have a

0:31:30.200 --> 0:31:33.360
<v Speaker 1>community similar to like Facebook groups or something, and Telegram, yes,

0:31:33.360 --> 0:31:35.240
<v Speaker 1>and Telegram, so sort of like a Telegram where I

0:31:35.240 --> 0:31:37.080
<v Speaker 1>could create a group and then we could join it

0:31:37.080 --> 0:31:39.520
<v Speaker 1>everyone could talk within this. Sure, sure like building a community.

0:31:39.560 --> 0:31:42.480
<v Speaker 1>And what's cool about that is you own that relationship

0:31:42.520 --> 0:31:45.800
<v Speaker 1>through that idea that we talked about earlier. Yeah, or

0:31:45.920 --> 0:31:47.920
<v Speaker 1>the way that I like to look at it is

0:31:47.920 --> 0:31:51.880
<v Speaker 1>actually like a decentralized only fans. Yeah, so like only

0:31:51.920 --> 0:31:54.400
<v Speaker 1>fans obviously, I'm sure your first thought of that is

0:31:54.440 --> 0:31:56.960
<v Speaker 1>like porn or something, right, But really it was a

0:31:57.000 --> 0:32:01.240
<v Speaker 1>way for creators to create content directly for their community

0:32:01.280 --> 0:32:04.240
<v Speaker 1>and get paid for it. So I can have a group,

0:32:04.280 --> 0:32:07.040
<v Speaker 1>a Facebook group, a community there, but I have no

0:32:07.120 --> 0:32:11.040
<v Speaker 1>way to really get paid. The people in my community

0:32:11.080 --> 0:32:12.760
<v Speaker 1>have no way to pay me. So Only Fans was

0:32:12.840 --> 0:32:14.280
<v Speaker 1>kind of this way where I could create my own

0:32:14.440 --> 0:32:17.000
<v Speaker 1>sort of like a Patreon. I can create a community

0:32:17.000 --> 0:32:19.440
<v Speaker 1>and if people like what I provide, they can pay

0:32:19.480 --> 0:32:23.000
<v Speaker 1>me sure, And so only Fans is actually pretty cool,

0:32:23.080 --> 0:32:25.200
<v Speaker 1>but the problem has been kind of taken over by porn, which,

0:32:25.320 --> 0:32:29.520
<v Speaker 1>interesting enough, porn is the first use case of all

0:32:29.560 --> 0:32:33.920
<v Speaker 1>new technology. So when the VCR first came out, it

0:32:34.000 --> 0:32:37.480
<v Speaker 1>was only being used for porn. And the first thing

0:32:37.560 --> 0:32:40.680
<v Speaker 1>that made the vcrgo mainstream was Disney finally made a

0:32:40.720 --> 0:32:42.240
<v Speaker 1>movie on it. But Disney didn't want to do it

0:32:42.240 --> 0:32:45.120
<v Speaker 1>because it was known as porne, so Disney was afraid,

0:32:45.160 --> 0:32:46.920
<v Speaker 1>but they finally did and it made a mainstream and

0:32:46.960 --> 0:32:50.040
<v Speaker 1>what was the first use case of internet porn as well.

0:32:50.840 --> 0:32:53.000
<v Speaker 1>But it sort of has this stigma, But now you

0:32:53.040 --> 0:32:55.080
<v Speaker 1>have an opportunity to kind of give like these creators

0:32:55.080 --> 0:32:56.960
<v Speaker 1>a place to go to have sort of that same

0:32:57.080 --> 0:33:00.000
<v Speaker 1>kind of flexibility and get paid directly for their value ultimately.

0:33:00.080 --> 0:33:02.360
<v Speaker 1>And I think the thing about Only Fans is because

0:33:02.400 --> 0:33:05.640
<v Speaker 1>of their legacy way they use payments, they take twenty

0:33:05.640 --> 0:33:08.720
<v Speaker 1>percent of the transaction and Zion takes zero. Like to

0:33:08.760 --> 0:33:11.440
<v Speaker 1>give you context, if you're a creator that's earning one

0:33:11.480 --> 0:33:13.960
<v Speaker 1>hundred thousand dollars a month on Only Fans and you

0:33:14.000 --> 0:33:16.920
<v Speaker 1>move your audience over to Zion, you keep twenty percent

0:33:16.960 --> 0:33:19.400
<v Speaker 1>of that revenue directly. And the reason we can do that,

0:33:19.680 --> 0:33:21.880
<v Speaker 1>and this is a twenty percent is a lot of money.

0:33:22.080 --> 0:33:24.200
<v Speaker 1>The reason we can do that is because we're optimizing

0:33:24.440 --> 0:33:27.720
<v Speaker 1>an advanced payment rail system that's beyond a credit card,

0:33:28.160 --> 0:33:31.960
<v Speaker 1>beyond using bitcoin effectively. Yeah, so I think it's amazing

0:33:32.000 --> 0:33:33.360
<v Speaker 1>for that. Like I said, that's why I want to

0:33:33.360 --> 0:33:35.080
<v Speaker 1>be moving over there. The one thing I think about

0:33:35.120 --> 0:33:38.920
<v Speaker 1>as a content creator is, um, you know, I'm creating

0:33:38.960 --> 0:33:42.480
<v Speaker 1>content on YouTube and I'm creating content on Instagram or whatever.

0:33:42.720 --> 0:33:44.400
<v Speaker 1>But at any given time they want, they could just

0:33:44.400 --> 0:33:47.920
<v Speaker 1>shut me down, and like that's my life. Yeah, Like

0:33:48.040 --> 0:33:51.000
<v Speaker 1>that's my career, right, Like that's where I drive all

0:33:51.000 --> 0:33:54.720
<v Speaker 1>my revenue from, right, and like if they shut that down,

0:33:54.800 --> 0:33:58.800
<v Speaker 1>like they shut me off with a light switch, and

0:33:58.880 --> 0:34:02.440
<v Speaker 1>that affects my family. That affects my kids, and that's

0:34:02.440 --> 0:34:05.080
<v Speaker 1>a big deal for me, So like I need to

0:34:05.120 --> 0:34:09.520
<v Speaker 1>be I can't like have my whole life in the

0:34:09.600 --> 0:34:12.759
<v Speaker 1>hands of some low level administrator at some company that

0:34:12.800 --> 0:34:15.160
<v Speaker 1>I don't even know, that makes arbitrary rules based off

0:34:15.160 --> 0:34:17.600
<v Speaker 1>of who knows what. In any given time, with a

0:34:17.640 --> 0:34:18.960
<v Speaker 1>flick of a switch, they could shut me off and

0:34:19.000 --> 0:34:23.440
<v Speaker 1>I have no recourse, no appeal process, no legal and

0:34:23.480 --> 0:34:26.360
<v Speaker 1>they could literally shut me off and ruin my kids lives.

0:34:28.560 --> 0:34:30.440
<v Speaker 1>The amount of power and control has been given to

0:34:30.440 --> 0:34:32.840
<v Speaker 1>these centralized institutions is just incredible when you start to

0:34:32.840 --> 0:34:35.160
<v Speaker 1>think about it. Yeah, and because they don't just own

0:34:35.400 --> 0:34:39.319
<v Speaker 1>the relationship, they own the distribution, They own where the

0:34:39.360 --> 0:34:42.400
<v Speaker 1>content goes because you're going through their portal. And I

0:34:42.440 --> 0:34:45.520
<v Speaker 1>think the vision of where we think a decentralized Internet

0:34:45.520 --> 0:34:48.600
<v Speaker 1>should go is Zion is building the tools to say,

0:34:48.640 --> 0:34:53.120
<v Speaker 1>imagine Instagram, but you can take all your followers with you.

0:34:53.960 --> 0:34:56.640
<v Speaker 1>That's I think the biggest breakthrough of all this technology

0:34:56.760 --> 0:34:59.480
<v Speaker 1>is that now the way you reference an individual isn't

0:34:59.480 --> 0:35:02.080
<v Speaker 1>through essential system. Is you can have this breakthrough and

0:35:02.120 --> 0:35:04.399
<v Speaker 1>take all your fans with you. To the next one. Yeah.

0:35:04.440 --> 0:35:06.640
<v Speaker 1>I think that's a big breakthrough. Like yeah, and then

0:35:06.680 --> 0:35:08.640
<v Speaker 1>I love the fact so back kind of this only

0:35:08.640 --> 0:35:11.839
<v Speaker 1>fan example, a clean version of only fans. Yeah, of course,

0:35:12.480 --> 0:35:15.200
<v Speaker 1>I think, um, you know, the ability to pay directly

0:35:15.440 --> 0:35:17.320
<v Speaker 1>and so, and then not only does it do messaging,

0:35:17.400 --> 0:35:19.120
<v Speaker 1>not only that I got to control my identifier, but

0:35:19.160 --> 0:35:23.279
<v Speaker 1>we can actually send communication. And when we consider money

0:35:23.320 --> 0:35:27.279
<v Speaker 1>as communication, payment as a communication community communicating value, so

0:35:27.560 --> 0:35:32.080
<v Speaker 1>we can exchange messages and communication seamlessly. Yeah. And also

0:35:32.400 --> 0:35:34.520
<v Speaker 1>at the hardest money ever created. I mean last night

0:35:34.600 --> 0:35:38.319
<v Speaker 1>with James, you saw how fast those transactions move like

0:35:38.400 --> 0:35:41.560
<v Speaker 1>it's it's it's when you see it, you're like holy,

0:35:41.920 --> 0:35:44.480
<v Speaker 1>Like when you see these two applications that have no

0:35:44.560 --> 0:35:47.239
<v Speaker 1>relationship with each other, that can fund each other. Like

0:35:47.320 --> 0:35:50.440
<v Speaker 1>last night, we funded James's wallet with cash app on

0:35:50.520 --> 0:35:52.879
<v Speaker 1>my cash app. Cash app is not an app that

0:35:53.120 --> 0:35:55.319
<v Speaker 1>Zion has a partnership with. We have no relationship, there's

0:35:55.320 --> 0:35:58.640
<v Speaker 1>no API, and within half a second the moment I

0:35:58.719 --> 0:36:02.120
<v Speaker 1>hit the button, it imediately funded the Lightning wallet on

0:36:02.160 --> 0:36:05.120
<v Speaker 1>the Zion side. I think that's the incredible nature of

0:36:05.160 --> 0:36:07.120
<v Speaker 1>how this money moves peer to peer at the speed

0:36:07.120 --> 0:36:11.080
<v Speaker 1>of light. Yeah, only fans requires a thirty days settlement process.

0:36:11.200 --> 0:36:16.640
<v Speaker 1>We were we require thirty milliseconds. Wow, it's really hard

0:36:16.680 --> 0:36:19.120
<v Speaker 1>to think about where this goes, but I'm super bullish

0:36:19.160 --> 0:36:21.560
<v Speaker 1>on it because, as I said, without the freedom to transact,

0:36:21.560 --> 0:36:25.680
<v Speaker 1>there is no freedom. So first, private property rights. Second communication,

0:36:25.719 --> 0:36:28.560
<v Speaker 1>we have to be able to communicate freely, openly, truthfully,

0:36:29.239 --> 0:36:32.040
<v Speaker 1>both with our messaging as well as our money, and

0:36:32.080 --> 0:36:35.040
<v Speaker 1>so decentralized networks is bringing that back. Zion dot Fyi

0:36:35.200 --> 0:36:37.879
<v Speaker 1>check it out. Check out Jack Dorsey's new Blue Sky

0:36:37.960 --> 0:36:40.800
<v Speaker 1>that's opening up is going to open up an amazing

0:36:40.800 --> 0:36:42.920
<v Speaker 1>opportunity and change the world in my opinion. If you're

0:36:42.960 --> 0:36:44.759
<v Speaker 1>just doing in you're listening to the Markmas Show. We've

0:36:44.800 --> 0:36:47.600
<v Speaker 1>been talking about the decentralized revolution in studio with Justin

0:36:47.719 --> 0:36:51.280
<v Speaker 1>Rezvani from Zion dot Fyi. Check them out. I'm building

0:36:51.280 --> 0:36:54.239
<v Speaker 1>my community there, that's what I got. Thanks so much

0:36:54.239 --> 0:36:55.920
<v Speaker 1>for listening today. Shoot me a message, let me know

0:36:55.920 --> 0:36:57.480
<v Speaker 1>if you've heard the show, ask me any questions you

0:36:57.520 --> 0:37:00.480
<v Speaker 1>have until next time. Thank you, thank you,